In a surprise post on developer’s forum Github today, April 1st, 2018, almost thought to be an April Fool’s joke by some, Vitalik Buterin suggests a hard cap for Ethereum of 120 million Ether (ETH).
Ensuring Economic Sustainability
“In order to ensure the economic sustainability of the platform under the widest possible variety of circumstances, and in light of the fact that issuing new coins to proof of work miners is no longer an effective way of promoting an egalitarian coin distribution or any other significant policy goal, I propose that we agree on a hard cap for the total quantity of ETH.”
In the (EIP) Buterin goes on to suggest implementation could occur during the next Ethereum hard fork, likely to be the first phase of the update. At that time all in-protocol rewards such as mining rewards, staking interest, staking rewards in the sharding system and any future rewards would be redenominated to reflect a hard cap and finite supply of Ether.
Buterin goes on to recommend setting the hard cap at twice the amount of ETH sold in the original Ether sale, which would equate to 120,204,432 coins. There are currently 98 million ETH in circulation. His second choice, taking into account any delay in implementation of his EIP, is as follows:
“If for some reason this EIP is adopted at a point where it is too late to set a max cap at 120 million, it is also possible to set a higher max cap. I would recommend 144,052,828 ETH, or exactly 2x the total amount released in the genesis block including both the sale and premines.”
For miners, if Ethereum remains with a proof-of-work model, rewards will be reduced. If Ethereum moves to a proof-of-stake model mining rewards are set to diminish regardless. The Casper update is the proposed change to a proof-of-stake model.
Answering Investor Concerns
Ethereum has been criticised for not previously setting a hard cap on the number of coins that could be issued. A criticism that some believe dims the potential of the Ether coin as an investment. An infinite number of coins can mean the value of each declines as more enter the market, in a similar way to traditional currencies.
The has followed a glaring recent trend of declining cryptocurrency prices across the board. There are no clues yet as to whether Buterin’s proposal will gain the support of Ethereum’s core development team and be eventually implemented. The proposal, however, is significant and if it goes ahead could potentially encourage more investors to choose Ethereum.
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Following on the similar path that Venezuela [Petro – PTR] did and many more states are planning to do, Sweden is looking at the opportunity to issue its crypto-next to the market. The digital currency called e-Krona i s set to be released in order of competition.
Being among the states that are drafting out plans to advance into a society being cash-less, in their daily lives – younger generations in Sweden have already electronic payments fixed. Riksbank – The Swedish Central Bank supports the idea that the upcoming [to be issued] e-Krona will be equivalent to the traditional currency but complete and be used for not major transactions and transfers between individuals, companies or authorities.
Cryptocurrencies called ‘Third Generation Coins’ are increasing in supporters and development/rate. One of them which leads the way of the crypto 3.0 is IOTA, which comes with many characteristics making it very respected around the place.
Being developed slowly but steady from scratch, the group of individuals backing up the coin created a new platform that has brought with itself many solutions to existing problems. As it has been completely written on Java, they did away with the traditional concept of blockchain altogether.
Why many ask that when it comes to IOTA being one of the first choices for future understanding among thousands of cryptos – well it is considered a coin ahead of its time being the first one not employing the use of blockchain tech, in which case various issues where nullified as the platform uses a system called Tangle.
“The tangle is what is known as a directed acyclic graph (DAG): a data structure that moves in one direction without looping back onto itself.” – David Floyd
What makes the Tangle system very unique, is that the more people use it – the network is faster and performs better accordingly. The case is very in contrary to other cryptocurrencies, especially the leading ones.
The Swedish central bank will have a clear approach towards KYC and AML policies. That’s one of the most important topics surrounding cryptocurrencies and one of the major areas o control around the world.
“#Sweden may be among one of the first countries to implement a national cryptocurrency with #IOTA. But before the Nrodic nation goes full cashless, the riksbank stressed several issues that a national #cryptocurrency would have to address!” – IOTA News on Twitter
Accordingly, Eva Julin – new e-Krona crypto-project leader, stated that the Swedish bank has chose IOTA as its support for the project. Simultaneously, the bank is sitting down with 19 other firms to get everything working and ready as it is planned the project will be given the green light in 2019.
As Sweden is not in the Eurozone, it does not have conflict of interest with the European Central Bank (ECB). Estonia had plans to issue a cryptocurrency but the ECB stopped it. Mario Draghi, ECB President, explained that no Eurozone state could issue a national currency that would compete against the Euro.
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About Plentix
Plentix is a decentralized blockchain based platform and application that aims to connect and reward all participants in the online referral program. Plentix aims to legalize the referral economy and spread the prize to all participants. Merchants, users, friends, even app developers can receive awards in the form of discounts or Plentix tokens.
A decentralized ground-based framework allows Plentix to be free and straightforward, but it is now a great stage to facilitate many designers well. This framework has relatively comprehensive mechanization, and new arrangements of sharp contracts provide programming adaptability capabilities to progress. In this way, Decentralized decentralized Plentix frameworks provide designers and opportunities to choose the best open source programming source.
If we talk about referrers, there are many sites that make them do the job but do not pay them. Plentix is much different from all, it is a blocked and decentralized system that definitely rewards them based on the number of interested referees. It is a transparent system, and easy to use both for companies and referrers, while complicated work is accomplished by the platform itself.
Plentix offers the ability to refer users who are not members of the platform by directing invitations through social media, email or SMS — giving all users an easy and easy way to interact.
Plentix, a modular tokenized platform that aims to brings benefits to the customer, brands and businesses that sign up.
How Plentix works
The Plentix platform gives developers extraordinary flexibility and the potential to make money through their development. Developers can use the Plentix API to write their own software modules, either on a platform or through their own third-party applications. The on-platform module can be integrated in the Plentix application.
You can check when and how your referrals are shared. As a decentralized platform, this is all done in blockchain, fully automating your referral program with the use of smart contracts, without the need for any authority or intermediary controller.
You can refer friends using the easy-to-use control panel. Plentix offers the possibility of referring users who are not members of the platform by routing invitations through social media, email or SMS — giving all users an easy and straightforward way to interact.The intended will receive a discount code that these purchases may be made at the particular company they refer. The number of discounts and how many times referenced can use them depending on the schedule set by each company in its business administration panel.The person in question can then use a discount code to purchase the product or service. Discount codes can only be active for a certain period of time depending on the schedule set by the specific company for referrals, they have the flexibility to change them at any time if needed.The referrer will receive digital token reminders or discount codes, depending on the company’s referral scheme, however, the referrer will only receive a commission if the referrer uses the discount codes and makes purchases from the company.
Plentix is a network platform with an underlying token that is an asset in the crypto economy,
Referral programs are fully robotized because of the progress of blocking and utilizing brilliant contracts. You can control the framework at all stages, but this is not important, given the fact that the procedure is passing quickly and completely straightforward.
Token Plentix
Project Tokent Plentix, hereinafter referred to as PTN. The PTN token is a token that is used on the plentix platform and is compliant with the ERC20 standard. The amount of PTN token for sale is 500,000,000. To finance the development of Plentix, we will have ICO. And ICO sales pre-started from 25 April followed by ICO sales from May 20, 2018. The price of each PTN is around 0.02 $
Join our whitelist to get the token. Token Plentix Sales Team is our platform’s first client. We run a referral program on the Plentix-Decentralized Platform for Pre-ICO and Token Sales. Simply refer friends and receive a Plentix token. For more information please go to the following link:
web:
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Author: samsul_atmodjo
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[ETH Address]
0x09aE30031f2111483A7B5792AC95D0deF6f6ff83
BOLT stands for Basic OnLine Transfer.
Background
The bitcoin Revolution has brought us a decentralized platform to allow digital transfer of value and to form trust on a trustless internet. This has fundamental impact on human society, as it moves us one huge step closer to a planet without borders where residents of the planet can freely trade without any man made physical limits.
To bring the human society and the bitcoin revolution to next level, we propose to build a global economy and a society with a universal currency, which can seamlessly scale to billions of transactions per second, and runs continuously until the last picosecond of the life of universe, when the universe itself reaches maximum entropy in which everything is evenly distributed and there will be no more gradients, which are needed to sustain information processing and one form of them is life.
Boltcoin
Architectue
We are building world’s fastest blockchain platform which natively implements bitcoin Lightning Network Protocol & Ethereum Plasma Framework. With fast transaction speed over 1 million transactions per second, with potential of reaching billions of transactions per second, low transaction fees, and its Bolt cryptocurrency, Lightning Network is set to overtake Visa/Mastercard and become the dominant global payment network.
Call for Action
We invite you to become users, developers, investors, supporters, evangelists, and leaders in this revolution for a bright future of human society. Our token sale starts today with no planned ending date.
Private Token Sale
Qualified investors are invited to participate in Lightning Network ICO Private Token Sale (with 150% bonus) from April 1st, 2018 to May 31st, 2018. Minimum contribution amount is USD $100,000. Please register by contacting us on our website, or send inquiries directly by email to info@lightningnetwork.me.
Pre ICO Token Sale
Public investors are invited to participate in Lightning Network Pre ICO Token Sale (with 100% bonus) from June 1st, 2018 to September 30th, 2018. Minimum contribution amount is USD $10,000. Please register on our website when Pre ICO starts.
ICO Token Sale
Public investors are invited to participate in Lightning Network ICO Token Sale (with 50% bonus) from October 1st, 2018 to September 30th, 2019. Minimum contribution amount is USD $1,000. Please register on our website when ICO starts.
Public Token Sale
Public investors are invited to participate in Lightning Network Public Token Sale at online exchanges and participating retailers from October 1st, 2019 with no ending date and no minimum contribution amount.
Team Members
Junhua Chang CEO & Founder, Lightning Network LLC,
Frank Yang CMO,
Ecosystem:
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Website
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GitHub
For Token Sale & General Inquiries:
info@lightningnetwork.me
More details can be found on our website at:
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