Whale Alert, a service dedicated to tracking major cryptocurrency transactions, has announced a second version of its platform is in development.

Updated tracking capabilities

Whale Alert’s Twitter account announced on Aug. 20 that the service is currently working on the second version of its platform, which includes additional services. The announcement reads:

“We are excited to announce Whale Alert v2: the world's largest independent blockchain tracker, which will go live Q4 2019. More blockchains, better analytics and more features!”

A section of the project’s website provides more details about the upcoming features in the next version of the platform, adding:

“Whale Alert v2 will include improvements to our website and API, better fraud and hacks tracking and an improved explorer spanning all block chains. Parts of v2 are already being integrated into Whale Alert and the completed system will be fully operational in Q4 2019.”

Security and identification

According to the website, Whale Alert v2 will feature better fraud and hack tracking, new advanced analytics specially designed for scam tracking, an updated block explorer and improved address attribution confidence scores. The platform will also show the owner’s name for known addresses alongside the wallet type (hot, cold, deposit).

As Cointelegraph recently reported, Whale Alert attracted attention to four Bitcoin (BTC) transactions on Aug. 17, which moved a combined $240 million in BTC. The platform believed the funds to be proceeds from alleged Ponzi scheme PlusToken.