Vechain (VET) revealed recently that it had launched a new innovative blockchain solution ToolChain kit. According to the blockchain firm, the toolkit would allow Users with little knowledge of blockchain to create blockchain solutions on the Vechain network.
It is understood that the VeChain tool kit comes with hardware, software and other protocol which facilitates this process. This new innovation allows business owners to create an account within the ToolChain Admin Center. With that, they can make transactions and incorporate NFC and RFID tags as they so desire.
Tone Vays a popular cryptocurrency analyst and trader took to Twitter to criticize privacy based blockchain Monero (XMR). In an astonishing tweet, Vays tore into proof of works blockchain projects Litecoin (LTC) and Monero (XMR) labelling them as a waste of time for developers.
Vays is an avid Bitcoin enthusiast and also labelled Ethereum (ETH), Ripple (XRP) and Cardano (ADA) as outright scams in the tweet.
While stopping short of calling Monero a scam cryptocurrency, the blockchain investor believes that the project though honest was a pure waste of time for developers.
Litecoin (LTC) lost 2% in trading in the past 24hours as the coin saw a reduction in transactions on its blockchain within this period. The 6th largest blockchain in terms of marketcap was able to hold at its current price and currently trades at $76.50.
There is a firm belief within the crypto community that its price trajectory could see the coin hit the $80 mark at some point in the next two weeks.
Cardano (ADA) continues to reap the gains of a successful summit as founder Charles Hoskinson was able to allay fears brewing within the blockchain community. The recent AMA held by Hoskinson has been praised by members of the Cardano community on Reddit.
During the interview, he reiterated the blockchain’s commitment towards releasing its 2020 roadmap and also spoke about key issues. It remains to be seen if this would lead to more investors which could see a sharp gain in price value.
Tron’s (TRX) price appears to be stable as the coin was able to maintain the status quo in the crypto market within the past 24 hours. TRX currently trades at $0.02 amid news of more partnerships for the popular cryptocurrency.
Recently nudged out by Cardano from the top 10 largest cryptos based on market cap, Tron (TRX) recent emergence as a top platform for DApps development could prove vital in the next few weeks.