Connect with us

Altcoin News

Picquiao Gets Ready to Release His Fan Based Token

Published

on

By

 
The crypto fever is spreading and Philippine boxing icon Manny Pacquiao has caught the fever. He announced on Wednesday that he would be launching a cryptocurrency to connect with fans. This cryptocurrency will not just be a fan-connect, but it will also have the backing of the regulation of virtual currencies.
Pacquiao, who has had one of the most successful careers in boxing in the world is not the first athlete to consider launching a virtual currency. Athletes like Floyd Mayweather and former England striker Michael Owen have done likewise.
The “PAC Token”  will be unveiled by the Singapore-based Global Crypto Offering Exchange (GCOX), in which Pacquiao is an investor. The token will be unveiled later in the year and Pacquiao fans can purchase merchandise from the star boxer as well as interact with him via live-streaming.

Picquiao, who has a career earnings of $510 million was listed of Forbes list as the 20th highest-paid athlete of all time. He believes that, the potential of the cryptocurrency can be used in a lot of ways. He says, “It can be a way to be in touch with the fan base and (there are) a lot of things we can do with this cryptocurrency,”
The celebrity token is coming at a time when the governments across Asia are critical about cryptocurrencies with Philippines law makers imposing stiff penalties for crimes committed using cryptocurrencies. The law makers are trying to regulate cryptocurrencies and Pacquiao a member of the Philippine Senate is in support of the action. We hope the crypto space will see more of this celebrity token.
 
Would you be interested in this token? Let us hear from you!

Continue Reading
Advertisement
Click to comment

Leave a Reply

Altcoin News

Explaining DASH Coins to Investors Big On Privacy

Published

on

Dashcoin (DASH) is a grand derivative of Bitcoin. Essentially it is a derivative of the derivative of Litecoin. Jokes apart,  DASH is a hardfork of Litecoin which in turn is a derivative of Bitcoin. 

Formerly dubbed Darkcoin, it was curated in January 2014 by Evan Duffield when he became frustrated with the transaction speed of Bitcoin.  DASH uses both masternodes and miners to validate onchain actions. One key feature of the altcoin is that it gives users the option of privacy when transacting.

With InstantSend, onchain actions using DASH are transacted speedily as intended by the founder of the crypto.

Investors are always quick to evaluate how the prices of their investments will do in coming years, but believe you me, there is a whole lot that goes into scaling the monetary worth of any investment  talkless of a volatile cryptocurrency. Nevertheless its functionality as a virtual currency is what triggers its market movement and causes its value to go up or plunge.

One key thing that distinguishes DASH from many cryptocurrencies is its privacy feature dubbed “PrivateSend”. Users have the option of opting for an anonymously transacted onchain action.

It appears that this altcoin is more of a functioning crypto than a store of wealth. Taking Venezuela as a case study, with the crypto scaling to be a worthy altè to traditional online payments, its perks are key factors to take note of when determining if its price will rise or fall in the nearest future. 

Continue Reading

Altcoin News

As the Crypto Community Continues to Await the Belated ETH 2.0 Release, Vitalik Buterin Stakes $1.4M worth of Ether to Support the Blockchain  

Published

on

The Serenity ETH 2.0 is already seeing stakes from investors. Vitalik Buterin, founder of the Ethereum blockchain has transferred his first ETH for staking on the incoming iteration of the Ethereum blockchain.

The Ethereum Founder’s address transferred 32 ETH each on about a hundred on-chain actions. 

TrustedNodes reported that the gross sum of the crypto sent is about 3200 cryptos. The aggregate of all crypto sums sent is about $1.4 million as at the time of writing this piece.

These sums were sent via on-chain transactions to Ethereum  Serenity Phase 2.0’s just released deposit contract. This newest innovation became available in real time starting from Wednesday, the 4th of November 2020. It is a deposit contract that enables users transfer crypto from the extant proof-of-work blockchain to the about-to-drop proof-of-stake (PoS) blockchain.

The minimum requirement of staking 32 Ethers so as to scale the ETH 2.0 has since been met by the users depositing the above mentioned sums. 

About a seventeen million dollars ($17 million) or  38,693 ether has been amassed by the deposit contract as at press time. 

It will interest you to know that Point of Stake Networks (PoS) are not powered by mining unlike the current Bitcoin and Ethereum blockchains. A PoS network is enabled by stashing funds (staking) for a specified term so as to earn profits on same.

The Ethereum community continues to await the belated release of the Ethereum 2.0 Proof of Stake network projected to launch probably early December 2020.

Continue Reading

Altcoin News

Ethereum Hard Fork, Berlin to be Released in January 2021 

Published

on

The Ethereum Network is about to storm the crypto community once more with its “Berlin” Hard Fork. According to the All Core Developers’ Bi-Weekly call held last Friday, it was revealed that the project will be released in the coming months. A projection for a  January 2021 launch seems to be in the works, immediately after the  release of the Ethereum 2.0 beacon chain in December.

Project Berlin introduces a Hard Fork of the Current ETH (PoW) 

Project Berlin introduces a hard fork of the current Eth 1- proof-of-work (PoW) network. This improvement on the current network was meant to have already been launched last July and it consists of low-level modifications for enhancing the extant mainchain while Eth 2.0 Serenity phase is still in the works. The Hard Fork was delayed because of the exhaustion of client employees and an observed necessity for a wider client range. Consequently, the procedure for incorporating Ethereum Improvement Proposals (EIPs) and the one that will culminate in the hard fork has been altered. 

The EIP Schedule

The following is the plan for incorporating three EIPs into the Berlin Hard Fork

  1. EIP-2315: Simple Subroutines for the EVM
  2. EIP-2929: Gas cost increases for state access opcodes
  3. EIP-2537: BLS12–381 curve operations

As at press time, it appears that EIP-2537 will no more be incorporated into the Berlin Hard Fork. This upgrade will facilitate the easy communication of Eth 2.0 blockchain and Eth 1.x blockchain by utilizing an analogous cryptographic arrangement. 

Continue Reading
Advertisement
Advertisement

Trending