InsurePal is a blockchain insurance company that works on what is called social proof, a concept introduced in depth in a prior article. It challenges current practices in the insurance industry which fail to provide a transparent and fair pricing model. Their platform connects responsible individuals in a peer-to-peer insurance relationship by introducing social proof endorsements. If a friend endorses you, they stake a sum of their choosing to be transacted in a claim should you have one. If not, by the end of the year the endorser walks away with a bonus along with the sum they placed. MorePowered by WPeMatico
Vitalik Buterin, the creator of the Ethereum Network, recently proposed a new method for decentralized fundraising called the “DAICO”. Incorporating elements of Decentralized Autonomous Organizations, or DAOs, the new model is designed to minimize the complexity and risk associated with ICOs. Buterin outlined the new model in a post on the Ethereum Research Forum entitled “Explanation of DAICOs”. In the exposition, the Russian-Canadian programmer outlines a new model that integrates characteristics of DAOs into ICOs to create a new model he refers to as the “DAICO”. The post includes a diagram that breaks down the benefits of bringing DAO elements into an
Unlike other DAG currencies that have seen enormous growth in the last month, Byteball is still quiet and is waiting for its sudden rise. Disclosure: This is a Sponsored Article Byteball has a fixed amount of fees equal to the transaction size in bytes. This is a huge advantage nowadays, and it is ridiculously low compared to the bitcoin and ethereum fees. This is achieved through the DAG structure, which at the same time eliminates scalability issues and, thanks to unlimited scalability, the Byteball network becomes more resistant to attacks as the number of transactions increases. This has huge benefits
I wanted to take the time to write a quick response to many of the sensationalized pieces that have been coming out about Bitcoin and cryptocurrency lately. Cryptocurrencies have been on everyone’s mind lately, and even though there are clear signs of more widespread adoption, the headlines still seem similar to before. Bubble concerns and fears of criminal use are commonplace, but a newer one I’ve been seeing is “Bitcoin is losing its dominance in crypto’s market cap.” To that I say “good,” and here’s why. Bitcoin dominance index decline is a good thing Contrary to what these headlines would have you believe,
Even though weekends are usually terrible times to trade cryptocurrencies, this weekend is shaping up rather nicely already. All markets are in the green right now, and various currencies have noted major gains in the past 24 hours. The EOS price has successfully overcome most of its issues earlier this week. In fact, we are now looking at an EOS price of $18.3. Very impressive gains, although the market will remain unpredictable for quite some to come. Another leg up for the EOS Price When all cryptocurrencies start to recover, it is only a matter of time until someone sets
Developer conferences have become a popular aspect of cryptocurrency as of late. Although most people have no coding skills whatsoever, it is still well worth their time to attend such an event. Especially when it comes to emerging altcoins such as NEO, there is plenty of information to take away from conferences. Speaking of which, NEO DevCon San Francisco is almost upon us, and all developers can apply for free tickets. Regular visitors can obtain discounted tickets using our dedicated code “TheMerkleChannel”. The NEO DevCon San Francisco Event in a Nutshell Although developer conferences are primarily catered to coders and people who
Ethereum Classic (ETC), a fork of Ethereum (ETH), has been overlooked for a long time since most eyes were focused on the main Ethereum blockchain. However, this might come to an end quite soon as the number of ETH transactions are rising sharply and the network is starting to have difficulties to process them. As a result, the transaction fees are already spiking over $1. If this trend continues, the Ethereum network might reach a critical point before ‘Plasma’, a new technology that should massively increase the network throughput, is implemented. Disclosure: This is a Sponsored Article Since Ethereum Classic
It is not the first time mainstream media outlets haven’t fully grasped a situation affecting the cryptocurrency world. Depending on which source you believe, the South Korean government is either doing nothing or wants to ban all cryptocurrency trading. The truth of the matter is somewhere in the middle, as there is no intention to ban such trading whatsoever. Instead, a contingency plan has been drafted to punish companies not abiding by the new rules. Understanding the Cryptocurrency Situation in South Korea Over the past few weeks, a lot of things have happened involving South Korean regulators. At first, they were surprised to
OmiseGo is Vitalik Buterin’s favourite token model Vitalik recently posted on his twitter account three main reasons why OmiseGo, right now, is his favourite token model. OmiseGo is not a medium-of-exchange token; it has a clear valuation model (expected discounted future transaction fees minus node operation cost); and it requires running node to get returns, not passive income (so more legally defensible). After this twitter post the prices went up by almost 100%. Disclosure: This is a Sponsored Article Latest news from the OmiseGo team speaks about development progress on one of the basic OmiseGo tools. OmiseGo SDK, a code
The SEC will continue to crack down on potentially fraudulent initial coin offerings for the foreseeable future. Most recently, it temporarily suspended all trading of UBI Blockchain Internet LTD securities. Known as UBIA, the Hong Kong-based venture has gotten in the crosshairs of the SEC in recent weeks. There are quite a few questions regarding this project which will need to be clarified. Whether or not the answers will be satisfactory seems highly doubtful right now. UBIA Securities Trading Suspended by the SEC In a way, it is good to see that the SEC is continuing its mission to crack down on