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Category Archives: Cryptocurrency

This Blockchain Startup Will Pay You to Help Your Friends Find Love – CoinDesk

Posted: February 14, 2017 at 10:55 am

"When I looked at the dating industry, I saw it was expensive to reach a critical mass of users and open a niche dating site," says Yonatan Ben Shimon in a Skype call from Tel Aviv.

"That's why dominant sites are one-size-fits-all, but that's not what most of us look for."

Ben Shimon is founder and CEO of Matchpool, a new dating service that aims to bring couples together through the art of matchmakingand a 21st century twist, let the most successful matchmakers earn cryptocurrency rewards for their work.

The unique selling proposition (USP) of the service is to combine elements of traditional matchmaking with the transparency and enforceability of programmable smart contracts.

In short, potential matchmakers start 'pools' subsets of users united by a common interest, like Facebook groups within which all users can private message one another in the hope of finding a match.

Pool owners are able to monetize their matchmaking efforts in a variety of ways, such as by setting a membership fee to join or charging an amount per message sent.

Additionally they can try to maintain group dynamics by setting smart contract-enforced ratios between different user attributes: a 50/50 male-female split, for example, or a balanced age range. Rather than using the everyone-for-themselves, search-and-filter strategy of a site like OKCupid, you might call it a more curated approach to dating.

In a Medium post, Ben Shimon writes that matchmaking is still a common practice in many religious communities, and has been for much of history. But, it's also true that most of us don't live in these kinds of communities anymore.

"I think it does happen, but under the surface," he said. "If you ask a lot of colleagues or friends how they met their husband, they'll say through mutual friends. It's an environment that takes off your layers of protection If a trusted person makes the introduction we suddenly feel a lot more comfortable."

The idea is that pool owners will help to create this atmosphere of trust, at least to some degree, vouching for the users in the pool in a way that fosters genuine conversation instead of the frequently bland or abusive tenor of other popular sites.

Of course, even with the best intentions, trying to engineer social dynamics is pretty tricky, as is launching a dating site (or any other kind of social network) when existing competitors already have a significant network effect.

With these potential challenges ahead, why is Matchpool taking on the additional challenge of creating its own cryptocurrency token to underpin it?

Firstly, Ben Shimon said the company was attracted to the idea of using a blockchain to store data about user interactions because the records in the system are difficult to change, something he hopes will further build the trust network between users.

Secondly, as has been established in many other contexts, cryptocurrency isthought to be an attractive option if the aim is to reward users with small amounts of money on a regular basis, especially compared to conventional payment processors.

And thirdly, Matchpool's 'Guppy' token will be used to attract users, with 20% of the token supply being used to incentivize new signups with a reward which for the time being will only be given to women.

The rationale is that dating sites tend to have higher numbers of men, though its difficult to assess figures across all sites. Research from the Pew Center, though, found that more American men used dating sites than women.

"I believe that if we reward early users with real money in a way that we couldn't do with dollars then we can cheaply overcome the initial barriers that come from the [lack of] network effect," said Ben Shimon, citing PayPal as a company that had employed a similar paid sign-up strategy to rapidly acquire users.

With a token sale (sometimes called an initial coin offering or ICO) scheduled for March, and prospective launch date in May, it wont be long until the effectiveness of this strategy can be judged against results.

But one question remained at the end of the interview: what exactly isBen Shimon's motive for the site anyway?

Could it be that perhaps hes like the Mark Zuckerberg portrayed in "The Social Network", trying to connect crowds of other people as a way of getting closer to the one girl that got away?

For now, he doesn't see it the same.

"You know, thats a tricky question ... I'm not doing it to get one girl."

Love and money image via Shutterstock. App image via Matchpool

CryptocurrencyICOLifestyle

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New Centurion Cryptocurrency Offers an Alternative Payment Option While Supporting Its Own Children Charity – newsBTC

Posted: at 10:55 am

The creators of Centurion are not just focusing on the financial aspects; they are driven by altruistic goals as well.

Centurion Lab has launched a brand-new cryptocurrency called Centurion. The digital currency, named after the key figures in the ancient Roman army offers an efficient and easy to use alternative to several altcoins currently available in the cryptocurrency market. The Centurion cryptocurrency was launched on February 9, 2017, and it aims to solve the issues faced by the Bitcoin community by offering them an alternative.

The Bitcoin network is currently struggling with increased delays in processing transactions due to confirmation backlogs. The delay in network scaling has led to increase in miner fees associated with transactions. Centurion has considered these challenges to create a cryptocurrency platform with twice the block size of Bitcoin at 2 MB, and a block time of 1 minute. The specifications of Centurion cryptocurrency are as follows:

X11 Proof of Work (PoW)

3% Proof of Stake (PoS)

RPC port: 5555 / P2P port: 5556

1 Minute Blocks

Block Size 2Mb

Reward Schedule:

Blocks until 100 0 CNT (for fair difficulty balancing)

Blocks 101 250,100 100 CNT

Blocks 250,101 500,100 75 CNT

Blocks 500,101 1,000,100 60 CNT

Blocks 1,000,101 2,000,100 50 CNT

Blocks 2,000,101 2,500,100 25 CNT

Blocks 2,500,101 3,500,100 10 CNT

Blocks 3,500,101 4,000,100 5 CNT

Blocks 4,000,101 5,000,100 2.5 CNT

Blocks 5,000,101 19,000,000 1 CNT

Total Coin production 250 Million

Reserve: 50 Million.

The creators of Centurion are not just focusing on the financial aspects, they are driven by altruistic goals as well. In the Roman saga, Centurions were considered as the protectors of the downtrodden, weak, and young. Taking a leaf out of the history, Centurion cryptocurrency also has an initiative named Centurion4Children a charity that strives to help kids across the world. Centurion cryptocurrency will be setting aside a total of 5 million Centurions to facilitate its activities. Centurion4Children will be responsible for supporting children and their families, sponsoring a child, providing safe water in developing countries and sustainable schools.

Centurion offers easy-to-use mining pools and software that save people from the complicated setup process as in the case of other cryptocurrency platforms. Centurion users can just download preconfigured files and become part of the mining community.

The creators of Centurion are also working on building a merchant network so that the community members can readily spend the crypto tokens for various goods and services. The readymade merchant API libraries make it easy for online platforms to integrate Centurion as an additional payment option. It has already partnered with one of the leading online sellers of e-books and videos on marketing, cryptocurrencies, internet tips, tricks, etc. In the coming days, Centurion will be expanding its network with the help of Cryptonetwork Ltd. Cryptonetwork will promote the use of Centurion through its marketing network in India, Germany, Italy, Spain and other nations.

More information about Centurion is available on the cryptocurrencys official website.

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Advice on cryptocurrency during divorce – Tropic Now – TropicNow

Posted: February 13, 2017 at 8:55 am

Cryptocurrencies are quickly becoming a weapon for many divorcees, according to Financial Times contributor Jane Croft.

The relative anonymity of these currencies provides divorcing parties with a clever way to hide assets allowing them to avoid full disclosure of their monetary property. What should you keep in mind about these currencies when heading into divorce conversations?

Remember to specifically ask about cryptocurrencies Knowing that cryptocurrencies can play a part in your divorce settlement is half the battle. Make sure to ask about them specifically from the onset.

Try to trace the money The fact is, divorcees with money in cryptocurrencies will not always be upfront with these assets.

When possible, try to track the money trail. While the movements of actual cryptocurrencies aren't easily traceable, the conversion of regular assets into these online assets will leave clues try to pinpoint them as proof.

Enlist the help of professionals Dealing with the legalities of these currencies is complex at best. You should enlist the help of experienced lawyers to ensure you are dealing with the existence of online assets as effectively as possible.

Bitcoins: What and how?

So what even is cryptocurrency? The most common version comes in the form of Bitcoins. According to the Oxford Dictionary, Bitcoin is:

"A type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank."

Dealing with online currencies and the division of assets in a divorce settlement is a process that should involve the help of experts.

Here at WGC we have a team of lawyers that can help you navigate these murky waters to ensure you are getting your fair share during your divorce settlement cryptocurrencies or not.

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Swiss Company Lykke Offers Forward Contract with 20% Discount on Cryptocurrency – Crowdfund Insider

Posted: at 8:55 am

Lykke, a Zurich-based Fintech firm that wants to become the worlds first regulated marketplace built on cryptographic technology is offering a one-year forward contract on a bespoke cryptocurrency or Lykke Coin with a 20% discount. Announced last week, Lykke basically will provide a 20% discount on the cryptocurrency if you hold it for a whole year.

The forward contract operates pretty much like other forward contracts except Lykke says it will offer settlement at the run instead of only at the settlement date. The limited offer started on February 9th and continues to February 2th if you are interested. Lykke intends on selling up to 50 million coins with an issue price of CHF 0.04 per coin so an estimated raise of CHF 2 million. Lykke Coins are registered on blockchain and 100 Lykke Coins are said to be entitled to 1 Lykke share.

Lykke is the creation of Richard Olsen who first founded OANDA in 1996, a retail broker serving over 100,000 retail trading clients worldwide. Lykke originally raised USD $ 2.8 million in 2015. Lykke says it is applying to the Financial Conduct Authority (FCA) in the UK for an investment firm license to provide a multilateral trading facility and to offer a non-exchange financial trading venue as part of a broader aim of establishing the worlds first crypto-marketplace offering trade execution on a range of financial instruments.

PhotoJohn Cassidy The Headshot Guywww.theheadshotguy.co.uk07768 401009

Lykke Chief Business Development Officer, Demetrios Zamboglou, commented on the announcement that genuine change in financial services can only be achieved via robust technology that serves everyone better;

rather than just its gatekeepers. Lykke is committed to creating a means for anyone to conduct financial transactions and store their assets in secure digital blockchains, secured from any single authority or counterparty, said Zamboglou. Blockchain-powered crypto-currencies are actively demonstrating their superiority over the fiat-paper status-quo, for so long the bastion of big banks. Blockchain technology is here to show financial services as a sector that there is a better way, and theres no turning back.

Lykke believes its selling-point is better security with a centralized matching engine and decentralized immediate settlement, and an open-source approach to typically closed-loop systems that dominate financial services transactions today.

In the history of Financial Services, it has always been a requirement to have deep pockets to operate on a level playing field. With Lykke, the only requirement to enter a level playing field is an internet connection, stated Lykke founder and CEO, Richard Olsen.

Lykke has already gone public on its own exchange and is said to be building enterprise-scale solutions for large financial institutions. Lykke is also a member of the Hyperledger project.

Lykke has also formed a partnership with ChronoBank to allow users to trade ChronoBanks tokens for other currencies frictionlessly. ChronoBank is in the midst of a crowdfunding round having raised over $4 million in Bitcoin. The Australian Fintech firm is creating a decentralized marketplace, named LaborX, where people can sell labor hours to anyone anywhere. ChronoBank.io wants to totally disrupt HR/Recruitment and finance industries just how Uber is crushing taxis.

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5 Most Common Mistakes Novice Cryptocurrency Traders Make – The Merkle

Posted: February 11, 2017 at 7:54 am

A lot of people are starting to show an interest in cryptocurrency trading. While this is a positive development, there are some pitfalls novice traders will need to watch out for. These mistakes are rather common and can end up costing new traders a few thousand dollars worth of cryptocurrency if they are not careful. With the following pitfalls in mind, there should be far less risk when it comes to cryptocurrency trading as a whole.

To put this particular tip into perspective, not every cryptocurrency exchange is designed to be used for various altcoins. There are some clear market leaders who can be trusted when it comes to trading alternate cryptocurrencies, whereas others seem slightly shady. Using the wrong exchange can result in withdrawals not being honored or trading markets becoming inaccessible at the wrong time. Always do your own research before trusting an unknown company with your money, as it can be difficult- if not impossible to get it out again when things go awry.

The world of alternative cryptocurrencies is filled with many opportunities, although not everything is what it seems. Unfortunately for novice traders, it is rather difficult to distinguish between a worthwhile and useless attacking. At the rate at which coins are being developed these days, any new coin should be avoided until it properly establishes itself in the market.

At the same time, investors and speculators want to buy potentially powerful coins as cheap as possible. Getting in at a later stage will decrease the chances of making a big profit along the way. There is a very fine balance to walk between buying coins cheap and investing in a pump-and-dump scam at the wrong time. Most novice traders experience the latter option well before they will make their first major profit.

One thing every cryptocurrency trader needs to keep in mind is how panic can be one of the worst motivators to make the right trade. Markets are very volatile in the altcoin scene, and it doesnt take much volume to send things in either direction. There is nothing wrong with trusting a gut feeling, but panic should never determine how and when one trades. To this day, a lot of novice cryptocurrency traders let their actions be guided by panic and fear.

As strange as it may sound for a market where profits and losses can be made in mere seconds, there is such a thing as compulsive trading. Trading too often during the day can be a big problem for novice traders, as they will make wrong decisions and let panic guide their actions. Monitoring the markets is an absolute must, but one should necessarily jump on every single opportunity when it presents itself. It is difficult to learn a trading style from day one, though, as errors will need to be made along the way until one finds a rhythm that suits his or her needs.

Given the vast plethora of different altcoins one can buy and trade across popular exchanges, diversification is a good idea. At the same time, there is a risk of trading too many altcoins at once, which will take a toll on ones portfolio rather quickly. The best advice is to start with small amounts of one or two coins that seem legit, ate and potentially profitable. As one gains more experience, it is still possible to further diversify the portfolio and trade more currencies.

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.

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What’s the Difference Between Blockchains, Cryptocurrency, Audit … – Electronic Design

Posted: at 7:54 am

Blockchains are nothing more signed, peer-to-peer, distributed ledger databases. Okay, were all done here.

No?

Alright, blockchains are a bit more complicated than thatand more useful than they might sound. Most will know blockchains from BitCoin, one of the many cryptocurrencies based on them. But cryptocurrencies are only one use for blockchains. Before getting into applications, lets take a look at what a blockchain system looks like and how it operates.

To start, you need to know about public key encryption and digital signatures, because the blocks in a blockchain are digitally signed and the blockchain nodes are authenticated to each other (Fig. 1). This allows them to maintain their copy of the blockchain and determine whether information from other nodes is accurate. Those providing nodes to the blockchain must also have their own encryption keys so they can sign their blocks.

A blockchain is actually a logical entity maintained by a blockchain node. It is designed to be a mostly read-only database that grows over time as blocks are added (Fig. 2). Block payloads are accepted by a node and distributed to its peers. There is an acceptance process and verification of digital signatures, but eventually a block will be validated by enough nodes for the block to be permanently added to the blockchain.

At this point, the added block will be replicated in a majority of nodes, and the rest will eventually catch up. This means that all nodes will have a moving high water mark that the collection of nodes agrees with, but the databases will probably not be identical across all the nodes at any point in time.

The idea is that the payload of a block can be accessed by an external entity and used to generate a subsequent block that will get incorporated into the blockchain. A typical example is where a block contains a logical value that is split in half and assigned to two new blocks. The signatures for these new blocks can be used to allow one of the new blocks to contain this new value. Incorporating the new blocks into the blockchain will mark the original block as used and the two new blocks as active.

The system is robust because the blockchain database is replicated. All nodes can accept new blocks and all nodes do not have to be active or accessible all the time although a quorum is needed to activate new blocks.

The challenge for blockchain systems is to maintain performance and scalability as the system grows. A lot depends upon the frequency of updates and the number of systems involved overall in addition to the network. Many blockchain systems operate on the internet, but that isnt a requirement. They can be used in closed networks as well.

So, back to cryptocurrencies.

A cryptocurrency is a digital asset that can be an exchange medium. These days, cyptocurrencies tend to be implemented using a blockchain. This allows transactions using the cryptocurrency to occur in a decentralized, distributed fashion. Cryptocurrencies are relatively new (the aforementioned Bitcoin started in 2009).

The payload of a block indicates the amount of money involved in a transaction. How these values are created and manipulated depend upon the system being employed and the players involved in the system. Most cryptocurrencies use a timestamping scheme so a trusted third party does not need to be involved in the system.

Most cryptocurrency systems use a proof-of-work scheme to create a new block or BitCoin. BitCoin uses proof-of-work schemes are based on SHA-256. It is also used by LiteCoin. It is also possible to use proof-of-stake schemes as well.

BitCoins are created by mining. This uses the hashcash proof-of-work function that is designed to take a lot of computational cycles but not much else. Specialized hardware has been developed to create BitCoins. The amount of time needed to generate just one BitCoin varies significantly depending upon the hardware used.

Just about any application that requires a registered ledger is a candidate for blockchain support. Many embedded applications simply need a single database, but if there is a need for a more robust solution, blockchains might make sense.

Blockchains have been touted as solutions for all sorts of applications. For example, there are a number of efforts to use them in educational environments. In this instance, the various records, testing, and certifications a person earns are tracked using blocks. This approach allows for the distribution of this information. The blocks normally do not contain all the information, but rather, links to digitally signed packages.

Blockchains can also be used for conventional ledger-based applications. These applications include backend clearing and settlement. They could be used in real estate transactions, for tracking music or other multimedia content, or even for handling contracts.

Blockchain use is still in its infancy. Security remains a key component and it should not be overlooked when considering or using this technology. Incorrect implementations can cause significant security problems. Developers also need to consider the scope of implementation, frequency of updates, and hardware and storage requirements.

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Centurion Cryptocurrency Launches Today, Offering Extremely Fast Transactions While Supporting Their Own … – Yahoo Finance

Posted: February 10, 2017 at 2:49 am

LONDON, Feb. 9, 2017 /PRNewswire/ -- Centurion is a unique cryptocurrency launching today on February 9, 2017. The new cryptocurrency draws lessons from Bitcoin and other altcoins to offer an efficient and easy-to-use option for the cryptocurrency community. As the Bitcoin network struggles to clear the transaction backlog while waiting for a scalability solution,Centurion can process and confirm transactions in under 6 minutes.

Also, the cryptocurrency protocol has a block size of 2 MB, which is twice the Bitcoin block size. Just like in the Roman saga, Centurion is the protector of children and the cryptocurrency strives to help kids worldwide through its very own charity Centurion4Children; which will receive an initial donation of 5 million Centurions.

Centurion can be used for buying products and services. Readymade merchant payment API libraries can be easily integrated into websites to start accepting the cryptocurrency. The team behind Centurion is already working with some of the big names to ensure adoption. The first adopter of Centurion will be a big online store offering more than 100 e-books and 50 videos on marketing, cryptocurrencies, internet tips, tricks, businesses, etc. The partnerships will be revealed shortly after launch with more stores to follow soon after.

Specifications

Centurion is already available for traders on the cryptocurrency exchangeExcambiorexfor more specifications please visit theofficial BitcoinTalk thread.

Mining and Mining Pools

Compared to other cryptocurrencies,Centurion has the most advanced and easy-to-use mining pools in place for the benefit of both experienced and first-time miners. The Centurion mining pools do not require miners to sign up and manually withdraw their accumulated share of cryptocurrency. Instead, they will be receiving funds directly in their respective wallets. This setup will not only ensure the ease of use but also reduce the risk of attacks on the mining pool's wallets. The auto payouts are set to execute every few minutes.

The cryptocurrency differentiates its users into two distinct groups, the specialist group comprising of experienced cryptocurrency community members who have a better understanding of mining process, software, and various other aspects. The other group consisting of casual users who are not well-versed with the technicalities but are known to use cryptocurrency for transactions and trading purposes.

Centurion understands that casual users are going to outnumber the specialist users, playing an important role in driving the cryptocurrency's adoption. It offers them an opportunity to be part of the mining community by providing simple, pre-configured files that can be readily downloaded to start CPU and GPU mining.

Centurion4Children

In the Roman saga, Centurion was a hero that protected children and just as its namesake Centurion strives to improve the life of children worldwide, one child at a time.

Centurion4Children is donating 5 million Centurion coins to well-established charity organizations. It is also raising funds within the community and through thewebsite. The foundation is already represented in India, as well as Africa and Europe with official charity partnerships being revealed in March, 2017. Centurion4Children' is currently raising funds for following causes:

Premine/Coin Reserve

To cover promotion costs and to kick-start the donations distributed by Centurion4Children, the coin has reserved 50 Million of its tokens.

The cryptocurrency platform will soon embark on a marketing campaign in association with Cryptonetwork ltd, a Dubai-based entity which has a network of people spread across India, Germany, Italy, Spain and several other countries. They will be involved in various promotional activities, including the sale of products and services for which they will receive rewards in Centurion and Bitcoin. An estimated 20 million Centurion tokens over a period of 5 years has been earmarked for such promotional purposes.

Centurion will donate 5 million of its reserved coins to charity and the remaining 50% will be used to reward early adopters, investors, related projects and talented individuals within the community working to improve the Centurion cryptocurrency.

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Singer Tatiana Moroz launches artist cryptocurrency – Bankless Times

Posted: at 2:49 am

Singer Tatiana Moroz announced the early beta launch of the first cryptocurrency for artists at The Blockchain Event in Ft. Lauderdale, FL.

TATIANACOIN will unite artists and fans through advanced blockchain technology. Fans will be able to steam music while supporting Ms. Moroz, chat with her and other fans, and access unique multimedia content, private concerts and merchandise.

Tatiana Moroz

In a release, Ms. Morozsaid artists struggle in a system that can earn them less than one penny per stream and intense competition for fan loyalty.

After experiencing firsthand the troubles artists face trying to make a name for themselves, I sought a revolutionary way for artists and fans to help each other through incentivized financial support and social connectivity.The only way to achieve this is through the power of the blockchain, a technology that presents countless opportunities for artists and musicians.

TATIANACOIN is the first instance of what we call an ArtistCoin: a digital currency that removes the middleman and smooths contracts, payments and communications. ArtistCoins will enable songwriters, record labels, and publishers to seamlessly register their work, view tamper-proof payment contracts, and distribute songs with all the splits built in.

This will streamline the licensing process and ensure all the parties are fairly compensated.

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Bitcoin Drops as Chinese Exchanges Stop Cryptocurrency Withdrawals – Finance Magnates

Posted: at 2:49 am

From as high as $1070 recently, the price of Bitcoin fell to as low as $910 today before settling around $985 as of now. This comes afterat least two of the leading Chinese exchanges, OKCoin and Huobi, notified clients of an immediate ban on Bitcoin and Litecoin withdrawals, with RMB withdrawals unaffected, while theyupgrade their AML systems according to the law which is estimated to take a month.

Want to learn more? Bobby Lee, the CEO of BTCC, will be giving the keynote speech about Bitcoin and China atthe iFX EXPO in Hong Kong, register now.

Earlier today,the Chinese central bank officially called on nine of the smaller cryptocurrency trading venues in the country to followKYC/AML rulesbut that failed to make a serious impact to the BTC/USD exchange rate.

Charles Hayter, the CEO of CryptoCompare.com, explained: When China sneezes Bitcoin catches a cold. The PBoC moves to regulate Bitcoin more stringently will bring short term woes but will ultimately strengthen the ecosystem.Volumes can be expected to again slow in China as more friction is incorporated in the form of KYC and AML policies. For the duration of this transition the CNY-BTC pairs can be expected to trade at a discount to other fiat-BTC pairs.

Hayter added: The Chinese authorities momentum has been considered and communicative but past scandals have seen governments make examples although the Chinese Bitcoin exchanges cant be said to be anything other than cowering at present. At the moment bitcoin is in limbo caught between Chinese regulatory moves on the one hand and scaling, the potential for ETF approval with the resultant flow of institutional money on the other. Then there is global uncertainty with bitcoin acting as a form of digital gold.

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Byteball Cryptocurrency Platform Schedules Second Bytes Distribution Round – newsBTC

Posted: at 2:49 am

The unique cryptocurrency platform, Byteball is preparing itself to launch the second round of token distribution.

The unique cryptocurrency platform, Byteball is preparing itself to launch the second round of token distribution. The latest round is scheduled to happen on February 11, 2017, at 00:33 (UTC) the next full moon day.

The upcoming release of bytes (the crypto tokens on Byteball Network) is the second of its kind. The platform, which was launched on Christmas Day of 2016 distributed bytes (native cryptocurrency) and blackbytes (untraceable private tokens) to the Bitcoin community. Bitcoin holders, who signed up for the distribution received fresh bytes proportional to their Bitcoin holdings.

According to Byteball, over 70,000 BTCs were linked to the first round of distribution. In the second round, the platform will be issuing bytes to both Bitcoin and Byteball community members. During the process, Byteball token holders will receive 0.1 gigabytes (GB) for every 1 GB of bytes held. Similarly, the platform will issue 0.625 GB for each BTC owned by the eligible community members.

A Byteball representative quoted in the platforms press release said,

In the new distribution, 1 GB holding receives the same share as 1.6 BTC. 1 GB is currently traded at 0.05 BTC.

Byteball is already in the process of building the whole ecosystem around the cryptocurrency platform. Currently, the Byteball ecosystem has cryptocurrency wallets, bot-supported marketplace, private untraceable currency and an exchange platform that allows people to convert their Bitcoin to bytes and vice versa using a chatbot interface.

Byteballs use of a unique Directed Acyclic Graph (DAG) instead of blockchain technology gives it an upper hand over its rival altcoins. The absence of blockchain makes it less prone to scalability issues faced by the likes of Bitcoin. The Byteball Network users will not have to deal with delays and problems related to block size and block discovery times. A total of 10^15 bytes will be issued by Byteball, 99 percent of which will be distributed among the community members over multiple rounds.

Byteball has emerged as a promising cryptocurrency platform that can meet the growing industry needs. By offering the huge Bitcoin community an opportunity to take part in the new revolution, the platform is expected to gain widespread adoption in the coming months. It is the ideal time for the existing Bitcoin and Byteball community members to take part in the distribution and watch the value of bytes grow in their possession.

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