Blockchain Breakthrough: Peerplays Creates Open-Source Fee Sharing Module
After a successful first round of ICO funding, Peerplays announced today that they have innovated the Blockchain space with the creation of an open-source fee sharing module, allowing any Graphene-based Blockchain to distribute profits directly to its token holders. “Peerplays is aiming to be the first truly Decentralized Autonomous Cooperative (DAC) and we have just added a major piece to the puzzle,” said Jonathan Baha’i, President of BunkerChain Labs and the Blockchain technology consultant for Peerplays, in a press release. He notes: “With this new profit sharing module, all the fees....
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Peerplays, an online gaming and wagering platform which uses open-source Blockchain technology, introduced its DAO proposal in May. After receiving feedback from DAO supporters, the platform has also decided to build a sidechain from Peerplays to Ethereum. An updated proposal was published a few days ago, offering 20% of the Peerplays earnings to The DAO in exchange for an increased valuation to cover costs associated with developing this sidechain at an accelerated pace. Peerplays might become the first startup to get support from $150 million DAO fund. The proposed price is $1.2 million....
The online gaming and wagering platform, Peerplays, is the first startup to be vying for funding. DAO is to begin reviewing and voting on proposals this week. What is Peerplays? Peerplays is an online gaming and wagering platform that uses open-source blockchain technology to prove fair fair play at casino card game. The company could potentially provide a solution to the widespread issue of fraud in the gambling industry, where an estimated $100 million a year is lost by players to cheaters. Fabian Schuh, advisor and developer at Peerplays, says: “Being part of a decentralized autonomous....
"If you can, you should." Never has this phrase been more applicable than in the realm of open source technology. For those not in the know, "open source" refers to any code or blueprint that has been deliberately made available for reproduction-basically, one not subject to copyright restrictions. Bitcoin, of course, is a prime example. It sounds simple, but the effects of open source technology are quite profound. Advocates love to talk about freedom and creativity, but the greatest aspect of the open source community is how efficient it is. Everyone can see exactly how an open source....
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