Bitcoin Price Will Hit $60,000 This Year: Fund Manager

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Phillip Nunn, chief executive officer of Manchester-based investment firm Blackmore Group, is standing by his bullish prediction that the bitcoin price will reach $60,000 in 2018, according to BusinessCloud.

Nunn, who also advises initial coin offering (ICO) projects, told the news outlet he believes the flagship cryptocurrency see both $6,000 and $60,000 this year. Speaking to it at KPMG’s Tech Manchester, he noted that we’re close to the former. According to CCN’s price index, bitcoin is currently trading at $6,700.

He added:

“The prediction was based on, first of all, market volatility which we’re experiencing at the moment; I think that’s really apparent. I absolutely stand by my prediction.”

The CEO noted, however, that the money that currently exists in the crypto space came from the public and not institutional investors, which according to him means “it’s all about market sentiment.” This implies that a flood of bad news can hurt the market, and that the industry is so small “that there’s market manipulation.”

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As reported by CCN, the US Department of Justice (DOJ) has launched a criminal probe into market manipulation last month, a move that billionaire investor and former hedge fund manager Mike Novogratz called a “good thing.”

Nunn reportedly speaks to financial institutions such as major banks and hedge funds on a regular basis, and revealed they “all want a piece” of the crypto space but can’t find an entry point as currently available vehicles aren’t suitable.

“There’s no entry point at the moment,” he said. “If you’re a pension fund with £5 billion in your pot and you want to take a 5 percent position in crypto you’re going to really piss your investors off because of the volatility in the market.”

The entrepreneur was then confronted with a report that claims the price of bitcoin and other cryptocurrencies will endure a 90 percent correction that’s set to cause a “mass market wipeout” within 12 months, published by investment bank GP Bullhound.

The report explained that while the correction will decimate various cryptocurrencies and related companies, the few survivors are in for an unprecedented rally. While Nunn sees “a little bit of sensationalism going on” with the report, he does agree various projects are going to disappear.

Per his words, cryptocurrencies like bitcoin, ethereum, and litecoin are “the fabric of the industry,” while the remaining 1,600 tokens are “an alternative to venture capital money,” implying most will end up failing while those who succeed may be projects that grow like current tech titans like Google and Facebook did.

“The reality is nobody knows how many will fail. This is different, because you’ve got guys who are raising $50 million where they’d usually raise $2 million from VCs so maybe more start-ups will succeed because they’ve got a war chest and a lot more running room.”

Besides being bullish on bitcoin, Nunn is also a proponent of blockchain technology in general. As BusinessCloud noted, he believes it will disrupt every existing industry and “the whole world,” as we’re moving “from an internet of information to an internet of value.”

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Square Receives NY BitLicense, Cash App Now Offers BTC Trading for New York Users

Financial services provider Square has received a BitLicense from the New York Department of Financial Services (NYDFS), according to a press release published today, June 18. As a result, Bitcoin (BTC) trading is now available to New York users of Square’s Cash App, according to Cash App’s Twitter.

Cash App released a Bitcoin option at the end of January to almost all of its users, originally excluding those in New York, Georgia, and Hawaii. With Square’s Point of Sale (PoS) network, adding a Bitcoin option means that merchants using Square could potentially accept Bitcoin as a form of payment.

The Cash App support team noted on Twitter that while users can currently send Bitcoin to an external wallet, they can’t currently send it to other Cash App users on the platform.

Jack Dorsey, CEO of both Square and Twitter, tweeted about the addition of Bitcoin trading for New York users earlier today:

In mid-May Dorsey said that he remains bullish about cryptocurrency’s future, stating that while he is not sure whether it will be Bitcoin, he thinks that crypto will become the Internet’s native currency.

Barry Silbert, founder and CEO of the Digital Currency Group and Genesis Global Trading, today revealed a partnership between Genesis and Square in a congratulatory tweet to Dorsey regarding Square’s BitLicense:

Historically, the state of New York has strictly regulated crypto; the implementation of the BitLicense in 2015 drove many large crypto exchanges out of the state. However, the recent approval of crypto exchange Gemini’s BitLicense, as well as Square’s New York crypto expansion, shows New York heading in a more crypto-friendly direction.

Blockchain-Based Community Currencies to Be Launched in Kenya

Bancor has announced today it will launch a network of blockchain-based community currencies in Kenya. The new project is expected to combat poverty through the stimulation of local and regional commerce and peer-to-peer collaboration.

By using the Bancor Network, disadvantaged communities in Kenya will be able to create digital currencies that can hold one or more balances in a connected way such that integrated currencies can be swapped for one another without needing a counterparty.

Bancor will launch the new currencies by contributing capital from the proceeds of its $153 million token sales in 2017.

In correspondence with Bitcoin Magazine, Galia Benartzi, Bancor’s co-founder, said, “Bancor will serve as one of several donors in the program providing initial capital to fund the token balances contained within each of the community currencies. In addition, Bancor will provide in-kind operational support, including technical and integrations work, marketing and hardware to get the currencies distributed and operational.”

The company will partner with Kenyan nonprofit foundation Grassroots Economics, who has experience developing community currency programs in Africa.

Grassroots Economics founder Will Ruddick, who is also the newly appointed director of community currencies at Bancor, will oversee the launch of the community currencies from Nairobi. The team will use Bancor Protocol to expand the current paper currency system used by local businesses to reduce poverty and create stable markets.

Ruddick believes that when “communities have the same right as nations to create and manage currencies, they will unlock their full potential.”

Kawangware and Kibera are the focal points for the pilot launch. These communities, which happen to be the largest slums in Kenya, will be used to circulate the currency by incentivizing customers to use it.

Bancor expects that as more people in the community buy and hold the local currency, its market cap can increase, which will create more wealth and a higher purchasing power for the holders.

Community members and supporters of the initiative will have the option to buy and sell the local currencies via the open-source Bancor Protocol using any of the popular cryptocurrencies or a major credit card.

Before its partnership with Grassroots Economics, Bancor had launched a similar program in Israel. The pilot program, aimed at mothers, was processing over 1,000 daily transactions before activities peaked due to the difficulty of transferring wealth outside of the community.

R3 Not Going Bankrupt, in a Very Strong Financial Position: CEO David Rutter

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The chief executive of R3 is striking back at a recent report that the enterprise blockchain startup is hemorrhaging cash and is well on its way to bankruptcy.

Writing in an official statement on the R3 blog, David E. Rutter said that the firm — which has raised more than $120 million over multiple funding rounds, is in a “very strong financial position.”

He wrote:

“R3 is in a very strong financial position. We have the widest and largest funding base in the enterprise blockchain space, having raised more than USD 120 million from more than 45 institutions and brought in over USD 20 million in revenue.”

His statement presents a marked contrast to the report, first appearing in Fortune, that R3 has struggled to turn a profit or even develop a viable business model, even as it has seen high-profile institutions such as Goldman Sachs, JPMorgan, and Santander exit its banking consortium.

The report cited anonymous former employees who said that R3’s revenue has been “laughably off” targets and that people at the company expect to be out of money by the first quarter of 2019.

Rutter said that these statements were “false, malicious rumors” and denied that R3 has wasted its funding.

“We’ve always been very sensitive of operating as cost-efficiently as possible, and in fact our average operating expenses per employee has declined each year since launch. We pride ourselves on continuously monitoring, evaluating and trimming expenditures to deliver maximum value for our shareholders.”

As CCN reported, R3’s open-source Corda software was recently deployed by AP Moller — Maersk, the world’s largest shipping company, to create a blockchain platform for marine insurance.

Last year, R3 partnered with nearly two dozen members of its banking consortium to launch a cross-border payments platform based on Corda.

Meanwhile, the firm is currently embroiled in a lawsuit with Ripple stemming from a failed partnership between the two organizations. The suit, which involves the right to purchase XRP at a rate far below the current market price, could be worth billions of dollars.

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Blockchain Gaming Company Launches Free Fantasy World Cup Tournament with $135K Prize Pool

A blockchain-based gaming company which offers its own cryptocurrency for in-game purchases has announced it is collaborating with a fantasy sports giant and offering free tournaments to mark the World Cup.

GameCredits is teaming up with FanDuel, a large daily fantasy sports company, and says the competitions will run throughout the major sporting event. As well as $35,000 in cash, the prize pool also offers $100,000 worth of GAME – the platform’s cryptocurrency.

It is hoped that the fantasy football tournaments, which commence on June 14 and run until July 15 – the date of the World Cup final – will help introduce a whole new audience to the GAME currency.

The company says it has long wanted to break into the world of fantasy sports – especially since Matt Fortnow joined its team. GameCredits says he created the very first site in this now bustling marketplace all the way back in 1999 and ended up selling the company to CBS, the US entertainment giant.

After news of the collaboration emerged, Mr Fortnow said: “Working with FanDuel presents an exciting opportunity to establish a presence among fantasy sports users and to continue to grow awareness for GameCredits globally.”

According to GameCredits, FanDuel has built a community of more than 6 million players since launch, generating more than $4.5 billion in payouts to its community.

“By gamers, for gamers”

GameCredits offers a suite of products designed to cater to developers, as well as the gamers they wish to reach with their titles.

Among them is GPlay, a gaming store where developers receive 90 percent of the revenues generated from sales as well as in-game content. The company says this figure is substantially more than the market average, as the likes of Google Play and Apple’s App Store take as much as 30 percent commission when purchases are made.

Players also have the chance to earn GAME currency through an app known as GShare. Here, gamers lease the unused GPU and CPU cycles in their PC, earning crypto in the process. From here, the funds can be used to purchase “the best, newest and most popular PC games” – often at a discount.

This is coupled with GWallet, a universal wallet which is designed specifically for buying games and purchasing extras in play.

Now a 100-strong team with team members in Russia, Serbia, India, the US – GameCredits says the company’s founders are “first and foremost gamers” who are determined to change the industry for the better. They argue that gaming has been unfairly dismissed as a waste of time, when in fact it can relieve stress and be used as an educational tool.

Benefits for developers and gamers

GameCredits says its ecosystem benefits developers by ensuring they receive payments faster. Whereas some platforms impose a 60-day waiting time before remuneration is delivered, the company says its creatives can expect compensation to arrive within 60 hours instead.

The young company, established in 2016, also hopes to boost the revenue potential of developers by introducing “limitless deposits,” helping earnings to rise substantially. At the same time, it believes its blockchain technology will help cut the levels of fraud seen when virtual transactions are being made.

The platform also aims to enhance the purchasing power of players by ensuring that the credits earned in one title can be easily transferred to another through the universal wallet.

 

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

Updated Edition of Blockchain Revolution Fills In Some Big Gaps

“When Blockchain Revolution came out, bitcoin was worth around $7 billion. Today, it’s more than twenty-two times that. Bitcoin is the workhorse of the cryptocurrency world and the cryptocurrency that launched a thousand ships.”

So reads part of the preface in the newly-released second edition of Blockchain Revolution by the father-and-son team of Don Tapscott, founder and executive chair of the Blockchain Research Institute (BRI), and Alex Tapscott, founder and CEO of NextBlock Global, a digital asset company.

The first edition of Blockchain Revolution, published in May 2016, has been translated into 15 languages, is a bestseller in five Asian languages and remains Amazon’s number one selling book about blockchain technology.

Two years in the crypto world is a lifetime, so there’s lots of catching up to do in the second edition which contains a lengthy preface with plenty of new material, including information about tokens (utility, security, natural asset and commodity), a who’s who of the crypto world, leading companies in the space, instructions for leading crypto companies and their managers, and the “leadership of nations.”

Predicting a rosy future for bitcoin, the new edition notes that bitcoin’s impact on culture and the economy in the last two years has been “extraordinary” and points out that the remarkable price rise since 2016 means bitcoin has become an asset class too big for investors to ignore.

The attitude on the part of banks has changed since 2016 when blockchain “good,” bitcoin “bad” was the dominant ethics. Now even Goldman Sachs and JP Morgan are getting into the cryptocurrency market.

Noting bitcoin’s continuing success, the authors say:

“With the launch of the Lightning Network and other scaling solutions in 2018, bitcoin may also fulfill the promise of its most ardent supporters and obliterate the need for traditional financial intermediaries.”

Top 10 Crypto “Leadership” Countries

The new second edition names 10 “leadership nations” who are best placed to lead the blockchain revolution and build the new innovation economy.

Alphabetically the countries are: Australia, Canada, China, Dubai (United Arab Emirates), Estonia, Singapore, Sweden (Stockholm and the “Node Pole”), Switzerland (Zurich and Zug), United Kingdom (London) and the United States (New York City and Silicon Valley).

Each country is briefly assessed with suggestions on how to move forward.

Silicon Valley’s important role is noted, but the authors also say that since blockchains are decentralized by design, it may be that a cross-border collaboration is more likely in the future, rather than being dependent on one or two dominating hubs.

Seven “conditions for success” in developing a blockchain hub are described: Incubators and Entrepreneurship, Corporate Leadership, Educational Institutions, Investment Climate, Government Support, Regulatory Environment and Communities of Talent.

The authors also describe Ethereum’s meteoric rise since 2016, from newly created startup to platform with a market value of $70 billion today. They also examine some of the new platforms built on the Ethereum blockchain and the current work around identity DApps.

ICOs and tokens were not part of the cryptocurrency landscape of two years ago, so they are explained in detail, as is the ongoing development of smart contracts.

_________________________________________________________________

QUOTES FROM BOOK

“When Blockchain Revolution came out, bitcoin was worth around $7 billion. Today it’s more than twenty-two times that. Bitcoin is the workhorse of the cryptocurrency world and the cryptocurrency that launched a thousand ships.”

“Bitcoin has become a store of hundreds of billions of dollars of value on the most robust computer network ever formed…”

“With the launch of the Lightning Network and other scaling solutions in 2018, bitcoin may also fulfill the promise of its most ardent supporters and obliterate the need for traditional financial intermediaries.”

xxxi

“We believe that this next era could be inspired by Satoshi Nakamoto’s vision, designed around a set of implicit principles, and realized by the collaborative spirit of many passionate and equally talented leaders in the community.”

Influencer Marketing: One of the Most Important Components of ICO Marketing

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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

Because ICO’s are undertaken with the aim of raising funds for a business or startup, completing a successful ICO requires much more than just having a great project idea and beautiful website. However, since so many companies have recently launched their ICOs, and more than half of all of last year’s ICOs ended in failure,  it has become difficult to grab the attention of potential investors,. Therefore, for a project to truly stand out from the pack, another method is needed. Community influencers, with their expertise, experience, and their valued opinions, can make or break a project. Finding the right influencer to recommend your project can grow your audience and potential investors.

An influencer’s value in the blockchain industry is determined by a couple conditions::

  1. They must be a technology professional specialized in cryptography, cryptocurrencies, or decentralization. You do not need an expert in the field of fiat currencies or macroeconomics.
  2. They must be interested in the product itself and wanted to make it better. They must also be selective about which products they advise.
  3. They must be known in the community. An adviser can be an excellent specialist, but without an audience to influence, they won’t be good additions to your project.
  4. They must have applicable experience to aid your project.
  5. Turn down all proposals of promotion for cash instead of project tokens. You are looking for partners who will be interested in your project’s growth and prosperity, not scammers.

Luckchemy’s recent, high-profile partnerships make it a perfect example proper influencer marketing. Luckchemy is a blockchain startup that aims to revolutionize iGaming. Founded in September, 2017, by a team of experienced developers in the iGaming industry, Luckchemy provides blockchain-based games with fully verifiable results. It’s killer feature is a scalable and provably fair online gaming platform driven by a unique combination of blockchain technology and off-chain cryptography. Experts believe in Luckchemy’s global iGaming platform and advances, and that has drawn experienced influencers to its side.

Brad Yasar, co-founder of the Blockchain Investors Consortium and KrowdMentor, will help Luckchemy with managing and building relationships with investors, executing marketing and PR, community management and communication strategy, ICO Management and strategy, and financial analysis. Over the past 20 years, Brad has started and bootstrapped several companies from inception to maturity, and as the co-founder for the Blockchain Investors Consortium, he has participated in dozens of successful crowd sales, which have raised over $500 million from tens of thousands of investors. Currently, Brad is co-founder and Managing Partner of KrowdMentor, a strategic crowdfunding advisory firm focusing on ICOs, cryptocurrencies, blockchain, and token powered organizations. He is also a director at Yasar Corporation where he has mentored, advised, and invested in more than 50 companies.

Sameer Gupta is a serial entrepreneur and technologist. Sameer specializes in bringing innovative consumer-facing products to market. His recent ventures have focused on gambling and skill-based gaming. He is a founder of the Weiss Tech House, graduate of the YetiZen Gaming Accelerator, and member of the LA Cleantech Incubator. Sameer will help Luckchemy with market strategy, connections and partnerships with lotteries, and fundraising.

Ofir Ventura has been practicing law for over 14 years. In the past two years, he has expanded his work with blockchain technology to collaborate with a peer to peer cryptocurrency exchange and a unique one of a kind proprietary e-wallet company. Furthermore, he has built up a number of successful companies from the ground up in the eSports and Gambling industries. Ofir will provide Luckchemy with games development and legal consulting. He also helps Luckchemy build connections with other lotteries.

Brian Saslavchik is a passionate and proven expert in the gaming industry. He is a member of the Poker Tournament Directors Association and has been a semi-professional poker player for over a decade, with more than one million hands played live and online. Additionally,  he was the General Coordinator for CardPlayer Latin America for 7 years. Brian has worked for and advised numerous top iGaming companies in the world. Brian helps Luckchemy attract more investment and find partners in the poker industry.

There is a lot of money to be made out there on a lot of promising projects, but sorting through the ICOs can seem daunting, confusing, and like an accident waiting to happen. When in doubt, remember to ask yourself these key questions about the ICO you have considered investing in and use Luckchemy as an example of what to look for. And for those interested, Luckchemy’s ICO is currently underway. Visit Luckchemy today to find out how to receive tokens at a 40% discount.

South Indian State of Kerala to Use Blockchain Tech in Food Supply, Distribution

The government of the South Indian state of Kerala will use blockchain for food supply and distribution, local news outlet Business Standard reported June 17.

The new project  is headed by Keralan think-tank the Development and Innovation Strategic Council (K-DISC), and will use blockchain, as well as Internet of Things (IoT) technology, in an attempt to make the state’s supply network for dairy products, vegetables and fish more efficient.

Chairman of K-DISC, KM Abraham, told Business Standard that each component of the supply network would have a separate ID number, through which its source, production, quality, and distribution could be monitored on a blockchain.

The state will also reportedly use blockchain for its crop insurance scheme, ensuring the tamper-proof and efficient processing and settlement of claims for farmers suffering crop losses. Immutable data on the blockchain can help to judge whether the crop loss was due to natural causes or other factors, and the technology can further serve to disintermediate disputes between insurance firms and beneficiaries, eliminating the need for third party representatives.

 In April, U.S. retail giant Walmart announced it was ready to use blockchain in its live food business. Together with IBM, the company has developed a system which it says will reduce food waste, as well as improve contamination management and transparency.

 Just last week, Microsoft revealed a new partnership to develop its own blockchain-based product tracking platform to secure traceability and visibility across the supply chain.  

 Also last week, the Rotterdam Port Authority revealed it was co-developing its own blockchain system, which, similarly to K-DISC, uses a tagging system in order to gain immediate insight into the conditions of incoming cargo.

Crypto-Loving US Senate Candidate Forced to Return $130,000 Bitcoin Donation

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US Senate candidate Austin Petersen received a $130,000 bitcoin donation but was forced to return it due to federal regulations governing campaign contributions.

Petersen, a Republican who is hoping to unseat incumbent Missouri Sen. Claire McCaskill during the mid-term election in November, said that an enthusiastic supporter attempted to donate $130,276 worth of bitcoins (~20 BTC) over the weekend, but his campaign had to refuse it since Federal Elections Commission (FEC) regulations restrict individual contributions to $5,400 per year

The candidate, a dark horse in the GOP primary who has nevertheless polled well against McCaskill, encouraged the enthusiastic supporter to start a political action committee (PAC), an organization which can use an unlimited amount of funds to promote candidates as long as it files reports with elections regulators and does not coordinate directly with political campaigns.

As CCN reported, Petersen, a self-described libertarian conservative, began accepting bitcoin donations last year through BitPay’s cryptocurrency donations platform. At the time, he told CCN that he believes cryptocurrency “represents the future of American creativity and American liberty.”

“Bitcoin’s disruptive influence is just what our financial system needs at this time. For too long, the federal government has had exclusive control over currency, stymying competition and growth by falsely limiting consumer choice — a fact we would all be aware of were the Federal Reserve subject to the same kind of audits privately-held companies are. Cryptocurrency represents the future of American creativity and American liberty, and I’m delighted to accept campaign donations in this form.”

Notably, this wasn’t the first time that Petersen has been forced to return a large bitcoin donation. He told CCN that his campaign has twice been forced to refuse donations of approximately $250,000 for exceeding the FEC limit on individual campaign contributions.

In February, Petersen accepted the largest single bitcoin donation in federal election history. The 0.284 BTC donation was valued at $4,500 at the time, making it $900 below the individual limit.

Austin Petersen Image from Gage Skidmore/Wikimedia Commons

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Trial of ‘Lightning Fast’ Protocol That Can Handle 60,000 Transactions Per Second Has Begun

A blockchain-based digital asset exchange network has launched a “lightning fast” protocol which is capable of processing more than 60,000 transactions per second.  

#MetaHash says its protocol, known as #TraceChain, takes no longer than three seconds to approve each transaction. A trial of its geographically-distributed network has begun and a free browser is available on Windows, Linux and Mac OS X platforms, with mobile-based apps for iOS and Android to follow shortly.

The company describes #TraceChain as one of the four components that make up its system – coming together to create a “simple, synergistic entity.”

Other components include the #MetaHashCoin, a digital asset that acts as the means of payment across the platform. These can be exchanged from or into Bitcoin and Ethereum within the system.

Meanwhile, #MetaApps has been billed as a “revolutionary platform for building standalone decentralized applications” – boasting a graphical user interface that allows them to look like the web services and applications commonly used by the public. For ease, projects that have been created in other programming languages can easily be converted into a #MetaApps piece of software.

“Even complex apps such as YouTube or Facebook can be decentralized with #MetaApps,” the company’s white paper says.

The browser where users can access these decentralized applications, as well as their multi-currency wallet, is known as #MetaGate.

#MetaHash’s team told Cointelegraph: “Contrary to comparable networks, #MetaHash is expertly designed to process record volumes of transactions with relatively inexpensive hardware, resulting in some of the industry’s lowest per transaction commission rates.”

The trial period is expected to be operational throughout the second quarter of 2018, with more than 200 temporary servers involved worldwide. These servers will be replaced by token owners’ nodes once the tokens are distributed. Overall, the company says its network will be capable of quickly processing in excess of five billion transactions on a daily basis.

Fast transactions

#MetaHash has revealed how its blockchain system compares with major players in the marketplace – including Bitcoin, Ethereum and EOS.

The company says it can approve transactions in under three seconds – and has the capacity to fulfill anywhere between 60,000 and millions of transactions per second. By contrast, it takes 10 minutes for a transaction to be given the green light through Bitcoin, and at best, only 12 transactions per second can be processed.

Ethereum offers a slight improvement – with a transaction approval time of five seconds and the ability to handle 30 transactions per second. Then there’s EOS, where transactions are approved in five seconds. Although this system can process anywhere between 1,000 and millions of transactions a second, its level of decentralization is described as minimal, whereas #MetaHash’s is high.

“The flagship of blockchain”

#MetaHash has described the speed of its decentralized network as “unprecedented,” with transaction costs that are lower than any other regular blockchain. There are five stages of consensus before a transaction is verified – and the company says the information stored on #MetaHash is nearly impossible to corrupt or modify.

“To do so, it would be necessary to successfully attack the #MetaHash network as well as Bitcoin, Ethereum and other networks,” it says.

#MetaHash says Round A of its initial coin offering is going to begin at 12:00 UTC on June 29, 2018, aiming to allocate 920,000,000 #MetaHashCoin (#MHC), equivalent to 10 percent of its token emission. Interested parties can purchase #MHC for $0.0391 per token (will be accepted in ETH and BTC at the exchange rate at the time of purchase).

According to the company, the first buyers of tokens will enjoy the attractive initial price which is at least two times lower than at the next phase. Moreover, they may also get the maximum advantages of the early forging, the start of which is planned for August 2018.

#MetaHash says that, as an evolution of mining, forging is based on different principles and offers a set of unique advantages for crypto enthusiasts, including high accessibility and effectiveness even for smartphone-based forgers, low costs, no overheat and damage to the environment, and rewards for the use of active tokens in verification and support of the network.

All of this will be followed by further releases of the network’s components, including tools for third-party developers, extensive security testing, and other activities, according to the project’s roadmap, thus paving the way for the launch of a fully decentralized system in the first quarter of 2019.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.