Blockchain projects Nimiq and Augur

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In the summer of May, bitcoin halved smoothly, and its computing power declined, but there was no mining disaster, and the overall market was flat. The major event this month was the payment concept project Nimiq, which is located in Germany, built a blockchain based on the Web platform, wrote the intermediate layer protocol Nimiq OASIS for fiat and cryptocurrency transactions, and cooperated with the German bank WEG Bank AG to try to achieve cryptocurrency Payment application. Nimiq uses bit-like blockchain technology and uses the PoW consensus mechanism. In 2020, the team is ready to launch an independently developed algorithm and turn it into a PoS consensus mechanism. At the same time, the community initiates a vote of “Do you want to adjust the token issuance curve?” The voting was completed on May 19, with 417 votes cast, and NIM’s total participation amounted to 1.1 billion. Among them, “Yes” accounted for 78% of the votes, and “No” voted for 22%. Token hairstyle curve adjustment was voted through.

In addition, Nimiq has developed a small tool Cryptopayment.link to provide collection services for users willing to accept cryptocurrency payments. The product is simple and easy to use, without any installation, divided into 3 steps, and finally generate a one-time payment link. The recipient sends the payment link to the payer, and when the payment is completed, the recipient will receive a confirmation email.

Applicable objects are freelancers, artists, individual business owners, etc. The supported cryptocurrencies are BTC, ETH and NIM. Product positioning and experience are good, with Nimiq’s consistent style, friends who have needs can try.

Augur V2 version upgrade time is determined in June, v2 smart contract will be deployed to the Ethereum network. When the final end time of the v1 version is before the deadline, REP migration will have a similar schedule. At present, the team’s development work is mainly to improve the Augur UI, prepare for integration with the upcoming Uniswap v2, and perform smart contract performance tests on the main network. The main updates of the v2 version include: new UI, integrated 0x, integrated stable coin DAI, REP token standard upgrade from ERC20 to ERC777, etc.

source: First Class Blockchain Research Institute