EOS is a blockchain operating system that is designed to be very flexible, to accommodate millions of transactions per second and to be very user-friendly. On April 21st, 2018, at 10:00 pm W.A.T, the first-ever EOS Meet-up will take place at 19A, Ogundana Street, Off Allen Avenue, Ikeja, Lagos, Nigeria.
It will bring about the dawn of a new era where programmers will have more incentive to build decentralized applications because it would be easier to do so given that the EOS software would provide a backbone that is fortified with a vibrant community, and a constitution and good governance structure. The EOS software would be free to use, unlike Ethereum which costs gas. All that is required to build on the network is a stake which would grant them access to the network. If you own 1% of the network, you have access to 1% of the computational power, 1% of the bandwidth, and 1% of the network storage. EOS would be super fast given the horizontal parallel scalability feature.
This is the third project that is being spearheaded by Dan Larimer. Dan Larimer, is the visionary creator of Bitshares and Steem who has earned the reputation of creating decentralized applications that are actually scalable and usable. Steem and Bitshares alone already perform more transactions per second than Ethereum and Bitcoin (check blocktivity.info to confirm this claim).
Dan has gotten wisdom and experience from creating Steem and Bitshares, now he is building EOS to be better and bigger than his two previous projects. EOS will be a general multipurpose platform for creating decentralized applications like Steem and Bitshares.
The EOS blockchain would be launched on the 1st of June and right now the third version of the EOS test net Dawn 3.0 is live. The EOS token distribution (ICO) has been going on for eleven months now. It will end on June 1st and then contributors would have their EOS ERC-20 tokens swapped for the precious EOS tokens. EOS uses the Dutch Auction method and investors place a bid for 2,000,000 EOS tokens distributed daily. The token distribution was designed to last for a year to ensure a fairer ICO where everyone gets a chance to participate and to prevent a situation where the whales just come and scoop up most of the tokens in a bid to dumb them on later investors.
The EOS tokens give bandwidth access to EOS holders to participate in the network and to vote for block producers and it is also the key to enjoy some delicious airdrops from DAP such as EOS DAC, Everypedia, EOSvibes, e.t.c.
The EOS meet-up is organized by Tojukaka who is very passionate about cryptocurrency and Blockchain technology! He is a cryptocurrency trader, investor, and EOS Nation Ambassador. He is supported by an awesome team of EOS enthusiast in Nigeria. He believes and lives to see a day when poverty and fear are eliminated from the world through education.
It is supported by block producer candidates: EOS cafe and EOS Nation and a vibrate team of EOS enthusiast here in Nigeria. It is rumoured that they are building an EOS sponsored facility that will enable them train the youths to be blockchain developers.
Block producers in the EOS Ecosystem are the equivalent of miners in Bitcoin. Just like miners, they validate transactions and secure the network. Unlike Bitcoin, however, EOS uses a Delegated Proof of Stake(DPOS) Consensus Algorithm where block producers which are elected by the community (through staked weighted voting), take turns to produce blocks every 0.5 seconds.
If you want to attend the first-ever EOS Meet-up in Lagos Nigeria, you can register by clicking on the link below. https://www.eventbrite.com/e/eos-meetup-tickets-45149506389
Introducing Cheetah Africa
Lucky Uwakwe, ‘Gbenga Sesan, Anthony Lopez, others set for Cheetah Africa Launch
Cheetah Africa is a non-profit that promotes the adoption and use of advanced technologies like the blockchain to see that Africa rises from underdevelopment. It aims at being the pool of African startups and innovations, providing support structures for African startups and ideas that will be needed for global relevance.
The launch is set to happen on August 3, 2018, in Lagos, Nigeria, with prominent speakers and venture capitalists such as Lucky Uwakwe, Co-founder of Cheetah Africa and COO, Blockchain Solutions, ‘Gbenga Sesan, Executive Director, Paradigm Initiative, Ayo Daniels, The Lighthouse, Anthony Lopez CEO, Evangelist Capital, Chimezie Chuta, Regional Director, Africa, Paxful, Sowemimo Abiodun Alex, CEO CvMetric Network Company, Stephen Oyedemi Co-founder, OminiraTv and Nathaniel Luz Executive Director of Cheetah Africa.
The main discussion at the meeting will entail talks about unleashing the potential of Africa, and also getting and educating people about the potentials of blockchain technology and the role of Fintech companies. At the event, there will also be funding for a number of business ideas in Africa.
Speaking with the Executive Director – Nathaniel Luz; he said that “Everyone says that Africa will be; but we at Cheetah Africa say that Africa is now, Africa is in the present- this is what we are looking forward to. He says Cheetah Africa is set to end the brain drain Africa has suffered for decades by providing support structures that would enable African projects scale and that in five years’ time, they would have hubs in every African country.
Conversing over the phone with Mr. Lucky Uwakwe – Co-Founder of Cheetah Africa; he said that Cheetah Africa will be aimed at making the African entrepreneur scale up by providing a platform that will make capitals and investors interested in their projects, startups, ideas, and initiative.
Register for free here: cheetahafrica.eventbrite.com
Nitroneum-an Ecosystem of Value
Nitroneum Technology is releasing its XTN tokens to investors accross the globe via Initial Coin Offering (ICO) in 5 rounds sales schedule which includes Pre – Sales of 3,000,000 XTN @$0.50 + 20% Bonus, while the remaining 4 rounds @$0.65 + 15%, $0.75 + 10%, $0.85+ 5%, and $0.95 + 4% in the last round, as published on the official website and the project whitepaper.
According to the official website; nitroneum.io, the token is referred to as “The Next Generation Value Driven Tokens Built On The Ethereum Blockchain ,” and the funds from the token sales will be used to launch four unique platforms in the ecosystem which includes;
A decentralized video and picture content social media platform (N-Tube & Nitropixs) with users activity rewards with XTN tokens.
A Media Hub (NitroHub) for Crypto, Blockchain, Tech, Finance, and markets, a.decentralized ICO and wallet service.
Live AI BOT for premium trading signals.
A decentralized eMarket place for buying and selling, with XTN as a payment option.
With a total supply of 100,000,000 XTN, 45,000,000 is released for token sales, while the remaining 55% is for token purchase bonuses, referrals, platforms development and security, social media activity rewards and development team as shown on a chart in the whitepaper.
Nitroneum Technology offers 5% referral bonus from total token purchase during the ICO, and will also contribute 1% of the sales and subsequently, 1% of annual proceeds to Blockchain technology development and education across the globe for a more wider adoption of cryptocurrency into the mainstream payment system, to support fintech development in developing economies through the Nitroneum foundation.
Africa’s First Privacy Coin
Cryptocurrency users are particular about their privacy and very few cryptocurrencies have been able to give them that privacy. However, an African cryptocurrency created to solve payment problems in Africa has sprung up to fill the gap. Ditcion whose New CEO, Emeka Tony, who is optimistic and excited about the new role announced the special plan the cryptocurrency has for the blockchain space.
Surprisingly, the crypto space has experienced a lot of change since the inception of Bitcoin in 2009. Most cryptocurrencies are seeking ways to further enhance privacy and protecting each individual transaction and asset. What Ditcoin aims to achieve is a private, secured and untraceable transaction. CEO of Ditcoin Emeka Tony explains, “we have two offices one in Nigeria and one in Cameroon. In Nigeria, we focus more on project development, community building and asset management.” He is very optimistic and hopes that, “in a couple of months, we expect to see Ditcoin in coinmarketcap, Dit Refill, Ditpay, Airdrops, New exchangers and partnerships. The CEO is however positive that soonest, the coin will be listed in several exchanges such HBTC, Bitrex, Yobit, Binance and the rest.
DITCOIN is a privacy-based coin created on the Monero blockchain. Since the Monero (XMR) is an open-source cryptocurrency focused on privacy and decentralization that runs on Windows, macOS, Linux, Android, iOS, and FreeBSD. Monero uses a public ledger to record transactions while new units are created through a process called mining. Monero aims to improve on existing cryptocurrency design by obscuring sender, recipient and amount of every transaction made as well as making the mining process more egalitarian.
The new CEO also has a few words for the users of the cryptocurrency. He says, “I want to use this medium to appreciate everyone who has bought into this vision and is still running with it. I pledge in my capacity as the new CEO to be a team player because together we can achieve great feats and make great impacts in this blockchain ecosystem.”
Ditcoin has other services to offer which include the DitPay module which is the world’s first “CryptoCurrency Powered e-commerce & Payment Processor”. It has been designed in a way that it can be expanded and scaled to a global level, thereby making payments using DitCoin seamless. This is a coin to look forward to and we hope it can create an impact on the cryptocurrency space.
You can get more information about Ditcoin on the following;
Chain explorer: https://chain.ditcoin.io
Telegram community/support group: https://t.me/ditcoin_support
Telegram Channel: t.me/ditcoin
Facebook page: https://facebook.com/DitCoin
Internal trading platform: https://ditcoin.trade
What do you think about Ditcoin? Share your opinion with us in the comment section below.
Image credit: Pixabay
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Coinbase To Open New Office Space In Asia
The first quarter has seen a lot happen in the cryptocurrency space around the world and most especially in the Asian continent as it is arguably the origin of Blockchain technology.
Japan is the country of focus and Coinbase is the company in question as it seeks to expand its operations to one of Asia’s strongholds. Being one of the strongholds in the cryptocurrency space in the US and with more than 31 presence across the globe, Coinbase is expanding into Japan, which is one of the worlds biggest cryptocurrency markets.
The move has been long awaited as it has been Coinbase’s intention to open an office space in the heart of Japan in a little over 2years. In an announcement, Coinbase confirmed its office launch and its plans to work alongside with the Japanese Financial Services Agency (FSA), the country’s financial regulatory body.
According to a report, Coinbase said in a statement:
“As in other markets, we plan to take a deliberate approach to our rollout in Japan, which means working hand-in-hand with the Japanese FSA to ensure compliance with local laws at every stage.”
This move has been anticipated long before now due to the fact that Coinbase raised about $10.5 million from Japanese investors, which is its motivating factor. Nao Kitazawa will lead Coinbase Japan as its chief executive. Nao Kitazawa who is on the board of the Fintech Association of Japan and former investment banker at Morgan Stanley Japan would be championing the exchange in the Asian country.
The focus of the expansion is not just only to walk on new waters but also building out its company product line to meet the needs of its new customers. As CCN has reported, the firm has recently released a suite of products for institutions, developed bank-grade custodial services, and launched a new asset management division.
With the passage of the legislation to recognise cryptocurrencies as a means of payment, it has seen the in-flock of major exchanges into the country. Exchanges like Yahoo Japan, SBI and Monex have all created a foothold in Japan.