New Coins Seek to Cash in on ZCash’s Problems
Just as the recent arrival of ZCash pushes it claim as the leading anonymous digital currency over Monero, a new coin is now seeking to relieve ZCash of the same claim, tagging itself as “an advanced version of ZCash with better privacy and selective transparency.” Ethical hackers. Developed by a group of European ethical hackers, Ebitz touts itself as a new version of ZCash, minus its two identified problems - more than 20 percent of the supply within the first four years will be allocated to private investors, and a slow start mining solution with few private investors having access to....
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Your cash has never been more valuable. Amazon is set tolaunch its Amazon Coin this month. It's an interesting move and one that paves the way for other retailers to soak up a lot of cash with very little effort. There's nothing new about companies offering gift tokens, but this is currency -- and word has it that several other large brands are developing their own versions to be wrapped in their own corporate identities. As a customer, you'd be offered cheaper goods for using their currency. For example, with Amazon Coins, you might pay less for a product than if you paid with cash. So....
SolarCoin rewards energy-savers, Ethereum fans look to buy-buy-buy, and Ebitz takes advantage of Zcash’s problems. Want to catch up on your latest altcoin news? Read the stories below. SOLARCOIN. SolarCoin began in January 2014. Its specific purpose is to reward users of solar energy, so it’s a good time to enjoy the benefits of “clean” electricity. People who live in homes using solar energy panels or “commercial solar electricity producers” may claim the currency as they consume their sun-sourced engery. One megawatt hour equals one SolarCoin. The platform keeps an active ledger of....
It appears there will no fee for this new service, making it a free alternative to dealing with coins. Korea is the next country in the world planning to end cash slowly. The country’s Central Bank outlined a pilot program to pursue a coinless society in the coming years. This new service allows consumers to receive small change from retailers as a top-up on a prepaid card. An interesting spin on things, although it may quickly sell the end of physical coins and banknotes in Korea. This new venture by the Korean Central Bank sounds quite appealing, on paper. Rather than forcing a banknote....
Coinbase customers in 24 countries will now be able to use a cash-to-cash remittance service based on bitcoin's blockchain to send money to the Philippines. By employing Coinbase's API, Philippines-based Coins.ph is allowing the wallet and exchange platform's two million registered users to send pesos to recipients in the Southeast Asian country through a variety of delivery methods. To use the service, users must place a sell order directly on Coins.ph and pay with their authorised Coinbase wallets in USD. Coins.ph then delivers the cash in pesos to the recipient through a number of....
Speaking of Bitcoin in India, LocalBitcoins saw an increase in volume last week. If there is one thing India’s banknote ban has taught us, it is how the plan did not work. Swapping the most widely used currency for new bills was an attempt to remove “black money” from circulation. But it turns out most banknotes have been swapped successfully. Either there is no significant amount of black money in the cash economy, or the bad actors moved wealth into other assets. In the end, it appears this cash swap serves no real purpose. One of the more pressing questions is whether or not India’s....