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SLP Devs Publish Code Bounties With $2,500+ in Crypto Rewards

While a number of software developers work on the Simple Ledger Protocol (SLP) framework, SLP devs are still looking for other contributors to help foster the protocol’s ecosystem. In order to help bolster SLP development, the website has published requests for bounties worth a couple of thousand dollars in spice token and the stablecoin USDH.

Also read: New SLP Telegram Bots Introduced to Bitcoin Cash Supporters

Simple Ledger Protocol Bounties

The SLP universe is growing fast and there were a lot of developments in 2019 including the first Simple Ledger Protocol developer meeting at the end of the year. A few days after the first SLP dev gathering, the official Twitter account tweeted a request for people to complete six different bounties that will help galvanize the project’s foundations. Two out of the six bounties are currently “in progress” and four of the projects are marked “open.” There is $2,500+ worth of honestcoin (USDH) available between five bounties and one project paying 500,000+ spice tokens as well.

SLP Devs Publish Code Bounties With $2,500+ in Crypto Rewards

The first project is called “SLPB-1: Smart Contracts for SLP Minting” and it is paying 500+ USDH for the bounty’s completion. The task was created by BCH and SLP software engineer James Cramer and it involves building at least one or more smart-contracts that can provide extra security to token issuers. The work must also “allow token issuers to specify a maximum mintable supply cap for their token,” the bounty’s description notes. Because the initial bounty says 500 USDH, “subsequent bounties may expand upon this initial work.”

SLP Devs Publish Code Bounties With $2,500+ in Crypto Rewards
Two of the SLP bounties on the website

Other bounties include performing integrity checks in slp-list library, create SWIG CMake targets for gs++ slp_validator, integrating the SLP Postage Protocol into the Electron Cash SLP Edition wallet, make SLPDB use ACID transactions, and optimize *InsertReplace operations in SLPDB. Each project’s link contains the requirements needed to complete the tasks as well as resources. For instance, the SLPB-1 bounty has a few specifications and assets covered in the bounty description including tools like SPEDN, the SLP Specification, Cashscript, and the Licho Last Will Covenant.

SLP-SDK 4.14, BCH-js 2.1 and SLP Support for Bitcoincashj

In addition to the bounties, software developer Chris Troutner published “slp-sdk v4.14.0, which fixes “a bug in tokenUtxoDetails().” Troutner also published a fix to a “rounding error bug that can corrupt SLP token sends” in bch-js v2.1.7, a Javascript npm library for creating BCH-centric web and mobile apps. Additionally, the BCH developer Pokkst announced on December 19 that he started work on implementing SLP support into his project bitcoincashj.

SLP Devs Publish Code Bounties With $2,500+ in Crypto Rewards

“And here we have the first SLP transaction created and sent via bitcoincashj,” Pokkst tweeted. In addition to the development, BCH supporters have noted that SLP tokens saw record trading volume in December. Semyon Germanovich, the founder of the SLP exchange Cryptophyl, explained that December trade volumes on the exchange outpaced the last four months combined.

“It’s amazing to see so many new users entering and learning about Simple Ledger tokens and Bitcoin Cash,” Germanovich said.

What do you think about the SLP developer bounties? What do you think about software developers working on other projects within the SLP universe? Let us know what you think about these subjects in the comments section below.

Disclaimer: This article is for informational purposes only. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any ideas, software, concepts, content, goods or services mentioned in this article.

Image credits: Shutterstock, Wiki Commons, website and blog, SLP Logo, Fair Use, and Pixabay.

Did you know that’s BCH Block Explorer can query SLP token transactions? Check it today to search and find Simple Ledger Protocol token’s within the BCH network. Our Blockchain Explorer tool will allow you to view all previous BCH and BTC transactions as well.

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BCH developers, Bounties, bounty, Cashscript, Chris Troutner, crypto bounties, Honestcoin (USDH), In Progress, James Cramer, Last Will Covenent, Open Projects, projects, Simple Ledger Protocol, SLP, SLP Developers, SLP SDK, SLP software, Spedn, Spice, Spice Token, USDH
Jamie Redman

Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for about the disruptive protocols emerging today.

Jamie Redman , 2020-01-05 21:50:21 ,

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NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.

While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock

Nick Chong , 2019-11-10 12:00:38

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