Enjin Coin, the cryptocurrency used for trading of virtual goods, have released their quarterly update on July 3rd, 2018. In the update, Enjin Coin reveals the past development that has taken place within the company, both in terms of technology and business. The mainnet launch date hasn’t been revealed yet, but Enjin Coin did mention its nearing.
Fact: Enjin Coin’s team has logged in a total of 13,095 hrs working on Enjin Coin
Enjin Coin revealed a new Ethereum token standard called the ERC 1155. This new standard is aimed towards the gaming industry. This new token protocol allows the creation of an infinite number of both fungible and non-fungible items that can be deployed through a single contract.
Enjin Smart wallet is world’s most advanced cryptocurrency wallet. This has been possible due to “Infinity Update” revealed on June 2nd. The new update brings much security features and a new ability to create and track an infinite number of wallets.
To create the most secure smart wallet, Enjin Coin has designed a custom built phone keyboard that is only accessible through the app. Moreover, instead of using standard Encryption and decryption libraries that are used by everyone, they have built a custom build cryptography library.
In the report released by Enjin Coin, they mentioned that they have scaled up their marketing departments. Few achievements achieved by Enjin Coin were:
The news of their quarterly report did increase the price of ENJ by 7.5%. ENJ was trading at $0.056 on July 2nd, and currently trading at $0.0619.
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…
As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…
Did you know that 85% of DeFi value is concentrated in six blockchains? DeFi is…
CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…
Join us at BFC 2024 to explore the future of Web3. Use a special discount…
Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…