DEV Update December 2018

January 11, 2019 Posted by Rebellious

Dear community,

Since the beginning of the REBL project, we have envisioned REBL to be the coin of the people. We want our community to be involved and on track with all that is going on in the office. To keep you up to date with all the latest news here at Rebellious, we provide a monthly update in which we discuss all events and developments since our last update.

The cryptocurrency market has experienced a year of extremes after it hit the 800+ billion all-time high market capitalization early in January. In hindsight we all agree this was fueled by irrational exuberance and this lead to a market correction bringing us to a 2018 low in December somewhere around the 100 Billion market cap mark. A correction which has happened multiple times during the 10 years existence of Bitcoin.

All year round the headlines were filled with negativity, whether it be the distrust in USD Tether, outflows of ETH to cash from the 2017 ICOs or FUD in regard to regulation or yet another ETF proposal that got declined.

Despite this being depicted by the media as a horrible year for crypto with price drops of most alt coins down to 95% from their all-time highs, and Bitcoin being declared dead hundreds of times. During all this we’ve seen projects achieve fantastic milestones, i.e. Mainnet releases, protocol updates or the Lightning Network launch just to name a few. The industry is pushing forward despite all the noise. Maybe 2018 has been a fantastic year for the industry after all, but only time will tell.

The Testnet
The last month we’ve been going back and forth with our community team to test the network. This resulted in great feedback and a lot has been done since. The help of our community has been overwhelming! Within a week from now, we will invite the entire community to help us test the network. Since limited spots are available, we’ll select the first 50 that will apply. Keep an eye on our social channels for the invitation!

We are content with the development of REBL in 2018 since we have come closer towards reaching our goals. Despite the need to postpone the Mainnet release of which we understand it raised eyebrows in the community, but we won’t be rushed into anything because of a market that’s in a rush. We keep our cool and keep going at it in 2019.

First we focus on our primary goal to launch the mainnet and with that provide the community a simple yet secure process to swap the current ERC20 tokens to the new REBL blockchain.

Looking back at the turbulent year 2018 has turned out to be, we’d like to conclude it with this being the year of ‘building’. 2019 is already described as the year of truth for ‘crypto’, this includes REBL. The coming year will be an incredible journey for blockchain technology to gather enterprise and mainstream adoption. REBL will be part of this journey.

We will be working hard to deliver on our promises in 2019 and we hope to be doing this with the support of our REBL community. We would like to thank our community and all the members of the REBL team for their continuing support and effort!

Let’s make 2019 a year to never forget!