Blockchain Report — 12/17/2018

Summary: Hydro Foundation Is Planning On Forking 0x (ZRX) And Remove Cryptocurrency Token; Fastest Growing Job Role In 2018 Is “Blockchain Developer”; Coinbase Offers Instant PayPal Withdrawals For U.S. Customers

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Hydro Foundation Is Planning On Forking 0x (ZRX) And Remove Cryptocurrency Token

According to CCN, the Hydro Foundation CEO Tian Li stated that the company is planning on forking the 0x (ZRX) protocol. It is also important to note that Tian Li is the CEO of the decentralized exchange DDEX. Hydro stated that 0x has contributed significantly to DDEX, but the exchange is still bogged down by low liquidity and order collision.

As a result, the Hydro Foundation is deciding to fork 0x to remove the underlying alleged problems that the 0x protocol has. The fork was done with a focus on liquidity. Li states that if the fork fails, DDEX will soon become “outclassed and quickly become irrelevant”. An excerpt from the blog post explains more about how the fork worked:

“Although we are using the term ‘fork’ to give proper credit, we rewrote a large portion of the codebase. We plan to ship a new order schema, an engine capable of true matching, robust market orders, and a fundamentally different liquidity sharing model. The ZRX token will be removed as well, because fee-based tokens create unnecessary friction.”

Fastest Growing Job Role In 2018 Is “Blockchain Developer”

According to Ethereum World News, “blockchain development” has experienced a massive growth of more than 33 times compared to the number of blockchain development roles in 2017. This information was stated in a report from LinkedIn.

The report is titled “LinkedIn’s 2018 U.S. Emerging Jobs Report”. The report states that for blockchain developer roles, the top skills required from employers include experience in Solidity, Ethereum, Cryptocurrency, and Node.js.

The report also states that top blockchain developers are working at IBM, ConsenSys, and Chainyard. Demand for blockchain developers is significant in San Francisco, New York City, and Atlanta.

The top industries that require blockchain skills include the Information Technology & Services industry , the Computer Software industry , and Internet companies. Blockchain Developer job openings saw almost 3X more growth than the second fastest growing job role in the U.S., Machine Learning Engineer.

Coinbase Offers Instant PayPal Withdrawals For U.S. Customers

According to a Coinbase blog post, as part of the 12 days of Coinbase the company has announced that it is now offering instant Coinbase balance withdrawals to PayPal. The withdrawals will be both free and fast.

Before this feature was added, U.S. customers would have to use ACH or a Federal Wire account to withdraw funds. To be able to use this feature, customers only have to link their PayPal account to their Coinbase account.

Coinbase is also planning on offering this feature to customers in more countries in 2019.

As part of 12 days of Coinbase, the company also announced that it would gift $10,000 in Bitcoin to support 15 Yazidi families in Kurdistan and 5 Syrian families in Beirut.

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