PR: After a Sold-Out 1st Pre-Sale Stage, DECOIN Finishes Development of Blockchain Environment

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After a Sold-Out 1st Pre-Sale Stage, DECOIN Finishes Development of Blockchain Environment

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

DECOIN’s 2nd pre-sale stage, featuring a 39% bonus, ends Friday, June 22nd..
A Community-Driven Development Solution

DECOIN, a revenue-sharing exchange and trading platform, has a simple, albeit ingenious solution to the problems hampering cryptocurrency exchanges. They use proof-of-stake (PoS) as a means of validating DECOIN wallet transactions and sharing the value created by the exchange. Instead of requiring a MasterNode, users with a minimum amount of DECOIN are entitled to a proportionate return on their investment.

Boasting a 4.5/5 rating on ICOBench, DECOIN is poised to be one of 2018’s most interesting blockchain projects. As DECOIN aims to attract a worldwide user base, they are accepting multiple payment mediums for their ICO–including Bitcoin, Ethereum, Visa and MasterCard.

Decoin’s Innovative Offering

DECOIN transactions are digitally signed and verified for security. The revenues of DECOIN are then shared with coin holders. These revenues include spreads, commissions, aggregation, risk positions, and margin interest.

Their algorithm rewards loyalty by ensuring an average of 6.2% annual interest return to all coin holders that stake their coins in DECOIN’s online wallet. Thanks to new currencies, approaches, ideas, and technologies, the crypto community is in constant flux. One shift is particularly fundamental: the changing nature of the blockchain-mining ecosystem.

Blockchain mining requires incredible processing power, making it both environmentally damaging and no longer profitable for its miners. DECOIN offers an innovative, community-driven proof-of-stake (PoS) solution.

Progress in Development

DECOIN has already finished the development of their blockchain environment. This includes the generation of coins and native wallet creation. They have even launched a website for the public to view the progress.

Along with this rapid technical progress, DECOIN has added multiple languages to their platform, allowing users worldwide to benefit from their ground-breaking technology.
Attention to Regulation

DECOIN’s CEO Shay Perry has publicly stated that their team is applying for local licenses where needed, in order to ensure the viability and continuation of both DECOIN and the DTEP exchange and trading platform. Anticipating the potential scenario that DECOIN may be construed by regulators as a security, DECOIN is taking a number of precautions–including the exclusion of investors from China and the United States from participating in the ICO.

The company has commenced RMO regulatory procedures in Singapore. After this process has been completed, DECOIN’s DTEP trading and exchange platform will be able to act as a global exchange, while adhering to stringent regulatory framework.

Looking Forward

Upon DECOIN’s launch, platform users will have the ability to trade numerous cryptocurrencies on the DTEP exchange and trading platform in addition to the proprietary currency–including Bitcoin, Litecoin, Ethereum, Neo, and Ripple. DECOIN itself will also be listed for trading on multiple exchanges, which are soon to be announced.

More information on the ICO and the company itself, including whitepapers and vision, can be found on https://www.decoin.io

Follow us on our social media channels:
Website : https://ift.tt/2K0uQI3
Telegram : https://t.me/xDECOIN
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Twitter : https://twitter.com/@decoin_io

Contact Email Address
sydney@ifergan.com

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: After a Sold-Out 1st Pre-Sale Stage, DECOIN Finishes Development of Blockchain Environment appeared first on Bitcoin News.

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Retail Adoption of Crypto Would “Bring the Internet to a Halt” – BIS Report

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Retail Adoption of Crypto Would "Bring the Internet to a "Halt" - BIS Report

The Bank of International Settlements (BIS) has leased a chapter from its forthcoming annual report that delivers a critical appraisal of bitcoin and cryptocurrency. The report attacks virtual currencies from several main standpoints: claiming that cryptocurrencies do not effectively perform monetary functions due to price volatility, that the retail adoption of blockchain-based payment mechanisms would “bring the internet to a halt,” mass cryptocurrency adoption would reap a drastic environmental toll, and that the trust engendered by a decentralized network is too “fragile” to compete with that of centralized institutions.

Also Read: Medium Is the Latest Platform to Start Censoring Crypto Companies

BIS Annual Report Provides Critical Appraisal of Crypto

Retail Adoption of Crypto Would "Bring the Internet to a "Halt" - BIS ReportThe chapter addressing cryptocurrencies in BIS’ upcoming report opens by stating that “Less than 10 years after their inception, cryptocurrencies have emerged from obscurity to attract intense interest on the part of businesses and consumers, as well as central banks and other authorities. They garner attention because they promise to replace trust in long-standing institutions, such as commercial and central banks, with trust in a new, fully decentralized system founded on the blockchain and related distributed ledger technology (DLT).”

Despite acknowledging that “Cryptocurrencies such as bitcoin promise to deliver not only a convenient payment means based on digital technology, but also a novel mode of trust,” the BIS report seeks to highlight a number of “economic limitations” arising from “permissionless cryptocurrencies.”

Price Volatility

 Retail Adoption of Crypto Would "Bring the Internet to a "Halt" - BIS ReportBIS first attacks the notion of cryptocurrencies comprising an effective form of money, arguing that stability in value is a requisite quality for the facilitation of exchange. Cryptocurrencies, the report claims, are unstable in value due to “the absence of a central issuer with a mandate to guarantee the currency’s stability.”

By contrast, BIS claims that central banks emerged as the product of a “quest for solid institutional underpinning trust in money” that arose “in direct response to poor experiences with decentralized money.”

“The independent central bank,” the report claims, is the “tried, trusted and resilient way to provide confidence in money in modern times.”

Scalability

 Retail Adoption of Crypto Would "Bring the Internet to a "Halt" - BIS ReportBIS asserts that Scalability comprises another significant issue confronting cryptocurrencies.

The report poses “A thought experiment” as evidence of “the inadequacy of cryptocurrencies as an everyday means of payment,” claiming that “To process the number of digital retail transactions currently handled by selected national retail payment systems, the size of the ledger would swell well beyond the storage capacity of a typical smartphone in a matter of days, beyond that of a typical personal computer in a matter of weeks,” and “beyond that of servers in a matter of months” – adding that “only supercomputers could keep up with verification of the incoming transactions.”

“The associated communication volumes,” the article posits, “could bring the internet to a halt, as millions of users exchanges files on the order of magnitude of a terabyte.”

Efficiency

 Retail Adoption of Crypto Would "Bring the Internet to a "Halt" - BIS ReportAccording to BIS, the rigid protocols, which are described as underpinning the confidence in a cryptocurrency, have the adverse side effect of manifesting limitations in the ‘efficiency’ of virtual currencies.

Firstly, BIS emphasizes the ecological strain caused by the mining process. The report claims that “the total electricity use of bitcoin mining” equates to that of “mid-sized economies such as Switzerland,” adding that “the quest for decentralized trust has quickly become an environmental disaster.”

The report also posits that cryptocurrencies are inefficient as a form of money, arguing that the rigidity of their underlying protocols prevent them from “being supplied elastically.”

Trust

 Retail Adoption of Crypto Would "Bring the Internet to a "Halt" - BIS ReportBIS claims that there is a “fragile foundation [to] the trust in cryptocurrency” stemming from “uncertainty about the finality of individual payments, as well as trust in the value of individual cryptocurrencies.” Said “uncertainty,” the report claims, arises from concerns pertaining to forks and 51% attacks.

“Trust can evaporate at any time because of the fragility of the decentralized consensus through which transactions are recorded,” the report concludes.

What do you think of the Bank of International Settlement’s appraisal of cryptocurrency? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Wikipedia


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