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Nigeria’s First-Ever EOS Blockchain Meet-up Happening Live In Lagos.

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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

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5 Lies Frequently Told About Bitcoin and The Truth You Need to know

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5 lies about bitcoin

Since its creation in 2009, Bitcoin has gained a lot of popularity. However, with this popularity comes some “untruths” that some people or authorities spread. Gaius, in his recently published book, takes a look at 5 lies that are frequently told about Bitcoin.

1.Bitcoin is MMM: No, Bitcoin is not related to any Ponzi scheme. It is a digital currency and not a pyramid scheme where you rob Peter to pay Paul.

2. Bitcoin will make you rich instantly: this is a total lie. It took me 5 years to gain profit from my initial investment in Bitcoin. If you want to get rich instantaneously bitcoin isn’t for you.

3. To own Bitcoin, you must “buy at least one Whole Bitcoin”. This is not true as Bitcoins are divisible to eight decimal places, or 1/100 millionth of a bitcoin called satoshis. This means you can own bitcoin worth a thousand naira or even a hundred naira.

4. Bitcoins does not have any intrinsic value: Most people fear that Bitcoin lacks value because it’s supply is finite but this is a lie as Bitcoins offers a safer, faster, cheaper transaction network. Since people utilise it for transactions, it has value.

5. Bitcoin can be used for illegal activities more than cash: This is a lie because Bitcoin can be easily traced and offers less anonymity than cash. So while criminals prefer cash, investigators prefer Bitcoin as it is easier to catch these criminals.

These excerpts are from his my best selling book “How Bitcoin Changed My Life” now on Amazon. Get a copy.

 

Do you share similar views with Gaius?  If yes what other lie would you like to add to this list? If no what is your take on the topic? Drop your opinions in the comment section 

 

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

 

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Dash Crypto Adoption and Use Converge

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Dash Crypto adoption and use case converge

Although cryptocurrency is a viable solution to the issues in the banking and financial sectors, many are still unaware of its potentials. The most prevalent challenge the blockchain faces, all over the world, today, is the lack of adoption by many. This is even more evident in the way it is conceived by many – a way of making more money by buying cryptocurrencies when the price is still low, and selling them when it has really appreciated.

The Bitcoin blockchain, for example, was mostly utilized for the purpose of making extra money, as the price was seen to have risen terribly high over a short period of time – sometimes by a factor of 10, 20 or even more. This, however, is not what the blockchain is meant to achieve, and the misconception of it is one of the reasons why cryptocurrencies are not finding practical and convenient use.

The goal of the cryptocurrencies is to create a more convenient way of making financial transactions. It aims to end the incongruences that are prevalent in the banking and financial system, the lack of access to personal financial details, and the insecurity of finances in the current banking system, putting back power and direct access to one’s finance. Moreover, it also aims to simplify financial relationships between different individuals regardless of their locations.

A Look At Dash Features

Being the first, the Bitcoin blockchain has gained more popularity than other cryptocurrencies. However, it possesses some features that make the adoption of cryptocurrencies to be difficult for many. One of them is the problem of scalability which is the ability of technology to adapt to bigger changes – Bitcoin grew slower when the number of users increased drastically. Now, it takes between 10 minutes and, sometimes, 2-3 days for a transaction to be successful.

Dash cryptocurrencies, however, is built to remedy this problem. It is a two-tier blockchain network that features a masternode. With this masternode feature, transactions are as fast as 5 seconds, and can even be as fast as 0.5 seconds using the Dash InstantSend feature. So, it is more feasible to make financial transactions easily and faster with Dash cryptocurrency compare too many other cryptocurrencies.

Another feature on the Dash blockchain that makes it a more adoptable cryptocurrency is the limit of transaction. To transact on the Bitcoin blockchain, for example, a minimum amount of 3 USD is required. This implies that, if someone wants to buy an item that costs about 1 USD, they can’t use Bitcoin as a means of payment. Dash, on the other hand, allows a minimum of 0.3 USD, making it possible to purchase an item, no matter how low the price is.

The adoption of Dash in Nigeria has been impressive so far, which has made it one of the leading cryptocurrencies to be widely adopted by merchants. The benchmark for Dash utility in Nigeria can be attributed to how it is being used, its trading rate and holders. This has been made possible by lots of innovative features that have been integrated into Dash like Dash Masternode, Instant Send, Private send and soon-coming ChainLock feature.

However, Dash is yet to realize its ultimate adoption goal which is to dominate the whole of Africa. It aims to become the primary means of exchange for Africans in such a way that Africans can purchase their everyday items like airtime recharge, food items, and so on. It would also become a means of paying bills, taxes, and more. Dash is set to become a massively adopted cryptocurrency in Africa, with low transaction fees on every transaction.

Dash is a viable cryptocurrency which will revolutionize financial transactions in Nigeria, but this can only be achieved if people are educated enough to understand how it works. This is the reason for the Dash Nigeria Conference.

About Dash Nigeria Conference

Dash Nigeria will be holding a conference on March 01, 2019, in Lagos themed: Promoting the Adoption and Use of Dash in Nigeria. This event will be one of the major events that will be taking place in Nigeria. It is slated to address the adoption of cryptocurrency in Nigeria.

There will be numerous speakers to address the ways to drive adoption, challenges being faced and getting into the economic system in Africa and Nigeria. Dash ambassadors will also be present to speak on the various ways merchant can get their businesses up and running with Dash and how Dash can be used for utility bills in our day-to-day lives.

So if you are in the neighborhood and would love to be there click here to register.

 

Disclaimer:

The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

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#BUIDL CLUB – THE STORY BEHIND THE SUCCESS

Blockchain Entrepreneurs- Are They Not Worth Celebrating?

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Over the past two years, the interest in Blockchain on a global scale has skyrocketed. It currently is been view by many as a next-generation solution for both recently discovered and long standing problems as relates to technology and in almost all sectors of the global economy with particular attention in the financial sector.

Because of the tested Prowess of the Blockchain, a lot of weight have been thrown behind supporting the decade old invention. Among many, a few supporters of the next big thing in the tech world are the Government leaders, Industry Bigwigs and a few All-out risk takers who I like to address as the ambitious entrepreneurs – who have given influential endorsements, financial support and further research into the dynamics of the Blockchain respectively.

As a way of reminder, Blockchain was originally developed solely to hold and transact a digital asset- Bitcoin.

Now moving further beyond the Bitcoin saga and bubble, Blockchain, in the past few years, has been used in a broader and more revealing sense. Its ability to offer solutions in various areas of human activities has not only been a plus to it, but has also taken discovery in the IT Industry to a whole new level. It is about time we took a critical look at the brains behind the blockchain projects that have seen the light of day.

There has been a recent upsurge in the demand for people with any form of Blockchain skills, as reported by Upwork; a world leading freelance exchange platform. This is no news as Blockchain provides an whole new area of focus for future tech professionals.

However, in recent times, hypes and various schemes have contributed to the low rate of economic inclusion and mass adoption of the Technology in many geographical areas- areas with optimum use cases. Thus with recent influx of Blockchain projects, only projects with the best tokenomics, strategies and total commitment from the part of the project team are sure to see the light of the day.

According to Ambisafe, only as at October 2017, over 86000 blockchain related projects were already on Github, more statistics were produced by Delloitte as it records that over 8603 new projects based on the blockchain had emerged since after bitcoin code was published in April of 2009.

More exciting news is that only about 8% of these projects manage to stay in operations one year down the line of launch. The need therefore to closely monitor and follow blockchain projects paying rapt attention to the founders and entrepreneurs to gain an insight to their driving force is key to driving mass adoption.

Success in this Industry, is often thought to be impossible or unattainable but guess what, it only takes a meticulous team- built with dedication and full of technical know how to achieve the unimaginable and create a lasting impression on the universe.

#BUIDL CLUB was born out of passion for BLOCKCHAIN ADOPTION and the need to show appreciation to the Entrepreneurs in the space, both locally and globally. We are poised towards revealing and making a global statement for the African, American and Asian Entrepreneur in Blockchain.

The Blockchain Ecosystem

On this note, I call on all leading Stakehodlers in the space to show great appreciation to the geniuses behind numerous blockchain projects that have made life a lot more easier for us enthusiasts. In the coming series of the #BUIDL CLUB, we shall be revealing the various Entrepreneurs in the space; their success stories and their contribution in to the ecosystem.

Click to be a part of #BUIDL CLUB. Send us a few details about your self, your project and its impact on your immediate environment!

#BUIDL CLUB- giving a global face to blockchain entrepreneurs

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Introducing Cheetah Africa

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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

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