Insights Network announces token migration using EOS Open Source Software

by Blockspectator News 1 month ago

Insights Network has announced that they plan to migrate their existing ERC-20 INSTAR token contracts onto the INSTAR blockchain, using the EOS Open Source Software.

An article, initially published by InvestInBlockchain, brought forth the news this week.

The public beta period for the INSTAREOS blockchain will end in May, following which, the Insights team will begin to migrate their Ethereum based tokens over to the official INSTAR  blockchain by the end of May.

Users will have the option to migrate the tokens using either the Greymass desktop wallet or InstarWallet.com.

The article further stated:

“In an exclusive InvestInBlockchain announcement, the Insight Network team have told us that in an attempt to spur further EOS adoption, that they will be open-sourcing the migration software they built so that any dApps on Ethereum who are considering moving to the EOS blockchain can do so easily by utilizing the open-source code built by Insight’s network.”

The project was initially founded by the trio of Brian Gallagher, Darwin Lo and Brandan Zaucha. Insights Network has the stated ambition of disrupting the data brokerage industry- in which over $200 billion worth of data is transacted- often without the full transparency of the participating consumers.

“The team were the first organization on record to publish a whitepaper and publically state that they will use the EOS Open Source Software as the underlying foundation to the Insight Network Data Exchange.  This was a risky move on the co-founders’ part, as at the time EOS had not even shipped their product.”

The announcement marks a whirlwind few weeks for Insights Network. It was only recently revealed their INSTAR blockchain had been ranked ninth in the Block’tivity Blockchain Activity Matrix. The benchmark is used a wide variety of investors who seek to value the ‘real’ activity on projects, eliminating all unnecessary hype and FUD.

Insight’s ranking is made all the more impressive when considering some of the blockbuster names they have ranked ahead of, these included:

  • Litecoin
  • DASH
  • Waves
  • DOGE

A significant milestone for the somewhat under the radar project no doubt. The Block’tivity news and token migration announcement will surely have a few heads taking notice.

 


OneCoin, Scam, Court, Bitconnect General News
7 hours ago

Justice! Former OneCoin Investor Pursues Class Action against Ponzi Scheme

Positive news released by Bloomberg revealed how a former investor of the notorious scam, OneCoin, would be seeking damages and a class action suit to claim back lost amounts defrauded in the scheme. Christine Grablis will represent herself and others, […]

General News
7 hours ago

The Best IPO of 2019 Just Got Even Better

The good times continue to keep rolling for Beyond Meat. Already the most successful IPO of 2019, their stock continues to soar in value as well as receiving bolstering news concerning one of their meat-based rivals. Investor can’t get enough […]

Price Manipulation, Markets, Cryptocurrency, Bitcoin Adoption
2 weeks ago

The Pain of Price Manipulation and why it Sucks!

It is hypocritical for centralized trading outlets to fault cryptocurrency exchanges for price manipulation. Ever since cryptocurrencies and cryptocurrency trading gained popularity, news concerning alleged price manipulation has surfaced and increased significantly. Nevertheless, cryptocurrency trading surges on despite the negative […]

Adoption
2 weeks ago

Bitfinex- Too big to fail?

Where there’s smoke, there’s fire. The charges brought against iFinex, the parent company for Bitfinex and Tether, are an indicator of the opaqueness surrounding the operations of Bitfinex and Tether. House of Cards When the NYAG made her charges formal, […]

Blockchain
2 weeks ago

Insights Network announces mainnet support for EOS

Following their recent growth, Insights Network is adding support for the EOS mainnet. Insights Network launched the INSTAR blockchain and INSTAR wallet which saw their activity increase significantly leading to their top ten ranking on Block’tivity’s list of most active […]

Blockchain
2 weeks ago

Beam | Keeping your money away from Big Brother

Beam and its underlying technology, Mimblewimble, are an exciting concept in regards to the issue of cryptocurrency privacy. While Bitcoin may be the flagpole cryptocurrency, during transactions, Bitcoin exposes a substantial amount of information, particularly about sender and receiving parties’ […]

Research
3 weeks ago

Bitcoin mega trend- awareness continues to rise

Bitcoin has become a demographic megatrend- according to new research by Blockchain Capital partner Spencer Bogart. In spite of the very challenging year and a half experienced by the cryptocurrency markets, Bitcoin familiarity, conviction, and propensity to own Bitcoin have […]

Uncategorized
3 weeks ago

Taxpayers eligible to receive refunds in Bitcoin – potential bait?

U.S tax citizens will now be able to receive portions of their tax refunds in Bitcoin. This was made available following the announcement that the Cryptocurrency payment services firm BitPay will be partnering with Refundo- a company specializing in tax-related […]

Uncategorized
3 weeks ago

Cosmos | Is the hype justified?

Over the past month or so, many cryptocurrency enthusiasts were miffed as to why a project called Cosmos (ATOM) was appearing in the top 20 projects on CoinMarketCap.com. There appeared to be minimal information on the projects supply or even […]

Uncategorized
3 weeks ago

What is Mimblewimble? How does it relate to Bitcoin?

Mimblewimble is a relatively new privacy-orientated technology with origins from the Bitcoin world. The project is a new blockchain protocol that aims to improve Bitcoin’s UTXO model. UTXO stands for the unspent output from bitcoin transactions. UTXOs are processed continuously […]