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eToro Deploys Blockchain-Based Experiment to Fight Wealth Inequality
Social trading and investment platform operator eToro announced the GoodDollar experiment, an initiative aimed to reduce global wealth inequality.
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7 Reasons Why You Should Invest in the Teky ICO – Unbiased Review
ICO’s are swiftly changing the rules of funding for ambitious, new projects involving Blockchain. While ICO’s are proving to be a boon for budding and seasoned entrepreneurs with brilliant business ideas, they also present lucrative investment opportunities for investors, who gain profits from their coin/token holdings when the projects do well.
Win-win situation for both the parties? Not every time. There are ICO’s galore, but not all of them are worth investing in. In fact, most of the ICOs fail either because of incompetent ideas, team, articulation of the project to the audience, etc. or they are Ponzi schemes or scams from the very beginning. 51 projects conducted their ICO’s between July 1 and September 25th 2017, yet to meet their funding targets.
In my experience with ICOs, I have found out that there are no hard and fast rules around them which can help one decide if an ICO is based on a serious project, or a scam, or if it will do well or tumble. I look at various factors while considering an ICO for its investment potential, and my reviews are always backed with careful research and analysis. This time, the project I have reviewed is the Teky, and I believe that it will be worth investing in its token. Here’s why –
1. A great product empowering parents with new possibilities of educating their children
Teky is a not a run-of-the-mill e-commerce platform selling mobile phones and tablets. Mek.store, the project’s online store, will sell those, and a host of smart-tech technology products such as VR equipment, wearable technology, drones, robots, 3D printers, as well as STEM (Science – Technology – Engineering – Mathematics) education toys. And unlike other popular e-commerce platforms such as Amazon, it will not sell only expensive products from big brands, but it will also have products from lesser known brands from China and other countries, which are priced more economically but are at par with the quality of products from bigger brands. TEKY Academy, on the other hand, is an education company with Lab chains, franchisees, and online courses for children from 4 to 17 years old in 3 main categories including Programming & Application Development, Robotics & Engineering, and 3D Technology & Multimedia. Teky will offer cross-border delivery service of their products for parents around the globe. Thus, this platform can help parents introduce their children to technology in a constructive and safe manner at a young age.
2. TKC utility token
The TKC token can be used on mek.store for purchasing any tech product, or for purchasing any technical course from the Teky academy. The value of TKC will increase as its usage in the community increases. TKC token holders will be a rewarded with a share of annual profits.
3. Good reviews from Top ICO Listing sites
The Teky project is being perceived favourably by crypto-enthusiasts as well. It has a score of 8.53/ 10 on and a score of .
4. Project being featured by Major Media Houses
The project has been featured by platforms such , , , , , etc. With such renowned mainstream and crypto-media houses giving attention to Teky, it speaks volumes about the project’s credibility and potential.
5. Strong team
Teky is also a robust project because it has industry veterans working on it.
- Emme Dao, the Group CEO & Founder has been a part of the executive management of several successful projects such as the multi-million dollar revenue earner NextTech Group, WeShop Group Holdings – a Cross Border E-commerce Business in Malaysia, Thailand, Indonesia, Philippines, Vietnam and US, and ViMo Payments Company – one of the leading mobile payment solutions in Vietnam.
- Jack Yang – Group CTO & Co-Founder, has been working in the Blockchain space for 3 years, and has 10 years of experience in designing, building and developing IT system, information infrastructure for e-commerce transactions, online communication and ERP system. The profiles of all the team members can be found on their .
6. Great Recognitions
In March 2017, TEKY was recognized by Melbourne University and the Australian Government as the Most Outstanding Project that could have an impact on future society in Southeast Asia. In June 2017, TEKY was chosen as a Top 4 project in the NextGen Women Entrepreneurs Program in Switzerland.
7. Strong Partnerships
Teky has already entered into partnerships with eminent national and international organisations such as Hanoi Department of Education and Training, Hochiminh department of Education and Training, Next Tech Group of Technopreneurs, First Code Academy, Citibank, SIGNONG Media, VIC Partners, List Premier Education and Zenobot.
Thus, the project has several strong factors in its favour which underline its soundness and reliability. The project’s team members are connected with their audience on Facebook, Twitter, Telegram, Reddit, Medium, Steemit and Bitcointalk and keep updating them on developments about the project.
The details of the project are given in their whitepaper, a comprehensive but easily-readable document available in English, Vietnamese, and other languages on their website. To read their whitepaper, and stay updated on their upcoming ICO, visit their website: .
Did you like this review? Let me know in the comments.
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Bitcoin Gold Is About to Trial an ASIC-Resistant Bitcoin Fork
It’s forking season.
After Cash
(Bcash) forked from the bitcoin blockchain to create a new cryptocurrency (BCH), and ahead of the that may do the same thing, a third bitcoin fork is in the making: Gold (Bgold; BTG). But where Bcash and SegWit2X are scaling-related forks — both mainly increase bitcoin’s block size limit — Bgold wants to re-decentralize mining by implementing a new proof-of-work algorithm.“What was born as decentralized is now centralized,” bitcoin Gold contributor J. Alejandro Regojo told bitcoin Magazine, referring to the current state of bitcoin mining. “With this fork, we want to show how bitcoin can be as ‘Satoshi’ as possible, as social as possible, and as decentralized as possible.”
Mining Centralization
bitcoin Gold was initiated by Jack Liao, CEO of Hong Kong–based mining hardware producer, and was first announced in late August. The open project has been gaining traction and support in the wider cryptocurrency space since, with a as a main hub for discussion and organization. Bgold is currently being developed by the pseudonymous developer “h4x3rotab” along with a small group of volunteers contributing to the project in other ways.
The attention Bgold has attracted is probably in part because anyone who owns bitcoin (BTC) on October 25th will receive the equivalent amount of BTG. While this model has been criticized, particularly because it presents a burden on service providers and users, it has also proven successful. With the launch of bitcoin Cash in particular, users eagerly accepted their batch of “free money,” while exchanges, wallets and other service providers proved relatively willing to integrate the new coin.
Further, the Bgold team believes that this distribution method should also benefit bitcoin over altcoins as it provides an extra incentive to hold BTC on particular dates.
“But the key goal that we are trying to achieve with this fork is to build a perpetually ASIC-resistant version of bitcoin,” said Robert Kuhne, another bitcoin Gold contributor, in explaining the purpose of the project to bitcoin Magazine.
Bgold contributors like Regojo and Kuhne think that bitcoin’s proof-of-work hashing algorithm was essentially broken by the introduction of specialized ASIC (application-specific integrated circuit) mining hardware. In the early years of bitcoin’s existence, individual users were often also miners; this has since become concentrated into relatively centralized operated by professionals.
“And we’re now in a situation where 65 percent of hash power comes from a country that doesn’t like bitcoin,” Regojo noted, referring to China’s recent on cryptocurrencies.
An Uneven Playing Field
And while mining is centralized, ASIC production is even more centralized, the Bgold contributors pointed out. Only a handful of companies currently produce such specialized chips.
This means that anyone who wants to be a miner in any meaningful way is beholden to these companies, Kuhne argued.
“The way the monopoly manufacturer currently operates is abusive to its customers — individual miners — and the industry at large,” he said, referring to major Chinese ASIC producer Bitmain. “Manufacturers can produce ASICs at a tiny cost, but miners have to buy at a high price. This violates the one-CPU-one-vote ethos as described in the bitcoin white paper, because while everyone can buy CPU at the same price, the same is not true for ASIC hardware.”
Regojo and Kuhne see this as a fundamental problem — not something that free market dynamics can realistically resolve. They suggest that the barrier of entry to the ASIC market to compete with existing manufacturers is fundamentally too high to allow for open competition.
“You can’t build a factory without approval from the government and banking system. So there are really only a handful of entities in the world that have total authority over who can and can’t manufacture ASIC machines. And all this could potentially get much worse if and when those institution really start feeling the disruption from bitcoin, which hasn’t begun in earnest yet,” Kuhne said.
bitcoin Gold
As opposed to the bitcoin Cash and (especially) the upcoming SegWit2X forks, bitcoin Gold very specifically does not make a claim to be the “real” bitcoin. Instead, the Bgold project hopes it can prove a valuable exercise for bitcoin; a sort of test case for a hard fork that bitcoin itself may one day require.
Concretely, bitcoin Gold is now implementing the proof-of-work algorithm. This is already used by and is relatively ASIC-resistant.
Full ASIC-resistance, however, is thought to be impossible: Any mining algorithm could be subject to specialized chips. Like, the Bgold community therefore plans to re-deploy a new proof-of-work algorithm hard fork if it is found out that ASIC-chips for Equihash are being produced. (This plan alone, of course, could be a deterrent for any potential ASIC-producer.)
For security, the project plans to implement strong replay protection to avoid loss of funds for unsuspecting or non-technical users. It will also adopt a new difficulty re-target algorithm to prevent the blockchain from stalling: Difficulty is re-adjusted at every block instead of once every two weeks.
While the coin is set to launch two weeks from now, the Bgold codebase is not yet fully developed and ready to be deployed. Implementation of the new proof-of-work algorithm and replay protection, as well as the new difficulty re-adjustment scheme, are yet to be finished.
Nor are all the details for the project even ironed out.
indicated that bitcoin Gold would have a closed launch and a presale of coins. A new batch of BTG was to be mined in the first week after the fork and subsequently distributed to designated investors, not unlike an ICO. Proceeds of this “ICO” were then to be used for development and other Bgold-related purposes.
However, as interest in the project grew, this idea became more controversial. Not everyone involved with bitcoin Gold likes the idea of an additional founders reward — something Bcash, for example, did not have.
Kuhne addressed the issue by stating: “We have heard a lot of feedback from the community, so this proposal will be replaced with an updated and improved plan. But we will not completely rule out the possibility of a modest pre-mine to provide a basic level of funding for the project.”
Disclaimer: The author of this article holds BTC and will therefore also own BTG at launch.
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