Venezuela has announced how the Petro, Venezuela’s national cryptocurrency, will work. The details include how it will be issued, controlled, backed and how the developer team will be conformed. Venezuela is the country with the highest inflation in the world and cryptocurrencies have been spreading there.
In response to Bitmain Co-Founder, Jihan Wu’s statement that there was a need for size increases in order to reduce inevitable blockchain congestion; Adam Back, (HashCash Inventor and Blockstream CEO), explained that Bitcoin could increase block sizes midterm, (but only after thorough testing). Open to the Idea of On-Chain Scaling After what appeared to be […]
Nicolás Maduro, President of Venezuela, has decided to announce the creation of its own virtual currency named ‘Petro’. During a speech transmitted on the national TV Channel VTV, the president has communicated the information. The ‘Petro’ will be the first virtual currency issued by any country in the American continent.
This article aims to give information about the results of the Cointed ICO Presale as well as define some aspects that the company will strive to develop in the future. Cointed’s ICO Presale started on October 20, 2017 and lasted until November 20,2017. For that period more than 3500 ETH were raised from more than […]
Nowadays, cryptocurrencies pose a threat to state fiat currencies. If countries will not take action, for sure, these fiat currencies will disappear in the long term. Cryptocurrencies, with Bitcoin as the first and most known cryptocurrency in the world, are growing. Citigroup CEO, Michael Corbat believes that nations will react against them.
Some reputable companies like Amazon are even considering the possibility of making it (bitcoin) an actual payment method for their business transactions. But then it’s not that nice icing on the cake in every place in the world as it may sound, and India is one of these few places that have a bone of contention to pick with bitcoin.