At the end of 2017, the project launched a new initiative directly rewarding people for their knowledge with new Ethereum-based KNW tokens. The project was launched just a few months ago but has already attracted a lot of user interest.
The idea of rewarding people for knowledge is not new, but previously rewards for experts and other knowledge owners were limited to rankings or prospects of a profitable job in the future. The KNW Token project is going to change the game and has entered the market as a new blockchain platform. Everyone can already join a pre-ICO tokens sale to obtain new KNW cryptocurrency.
5 mln tokens have already been sold, and other crypto-market players are welcoming this new socially important project. For example, just in February the new KWN token was added to the cryptocurrency wallet. This platform is one of the most diversified wallets with support of more than 450 assets (including currencies and blockchains).
Moreover, since its foundation in 2014, Coinomi has never been hacked-testament to the company’s security-first approach to the development of the multi-asset crypto-wallet. Now users can leverage Coinomi to exchange KNW for any other cryptocurrency, or vice versa.
The KNW project is also entering the gamification market by working together with to provide users the opportunity to earn their KNW tokens within the game.
More than 5 mln monthly active users of this popular eSports service can access the Knowledge.io project to show their knowledge and earn tokens. The unique “meta-mining” mechanism allows participating users with tokens not only when they answer questions or take part in Knowledge.io activities, but also for their actions in the Gaming Grids app.
Not Just ‘Money for Knowledge’
Knowledge.io has developed a quite unique approach to collecting and monetizing people’s knowledge. It’s well-known that people actively participate in many quizzes and contests just to show off their knowledge.
So, Knowledge.io Q&A Platform allows them to earn tokens for their direct answers on different topics. Meanwhile, there are many companies who are eager to find experts, attract opinion leaders and educate their audience for some specific topics.
According to the Knowledge.io, their KWN token can’t be mined by hashing. There are only two ways to get the cryptocurrency: to exchange it for other tokens, or earn it showing your knowledge or answering questions.
What’s more, the project leverages multi-dimension knowledge evaluation. The systems take into account answers, replies, social activities and results in other projects to find real Knowledge Stars. This allows the company to encourage people to acquire new knowledge and providing commercial companies with valuable information for their ad and social campaigns.
The project is looking like a promising initiative to promote knowledge competition and is the first one to reward people with actual money. The ICO period ends on April 8th, so hurry-up to if you want to buy Knowledge tokens with a huge bonus.
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is seen as one of the most excellent solutions currently for the scalability of the bitcoin network and developers from around the globe are flexing their muscles to make it available to bitcoin investors. Since the start of 2018, the development of the Lightning Network has caught a good pace and earlier this week the mainnet for the Lightning Network a 1000 Active Nodes.
On Thursday, March 15, the California-based startup Lightning Labs the beta version of its software called Lightning Network Daemon (LND). The investors and project leads have appreciated this launch by saying that till date, this is the most thoroughly tested version of the technology.
The Lightning Network is basically a second layer protocol developed atop the bitcoin’s blockchain network and takes transactions off the chain, thereby reducing congestion on the main network and thus expanding the blockchain’s operational abilities by manifold times. This will let millions of users in the coming years thereby solving bitcoin’s scalability issues to a great extent.
In the ongoing development process, there have been several implementations of the Lightning Network in the past but LND is the first one to get a beta release. With a considerable in the development, the company has also managed to raise $2.5 million in seed funding with some big names from the tech industry contributing to it. This includes Twitter co-found Jack Dorsey, Litecoin creator Charlie Lee, BitGo CTO Ben Davenport, serial-founder-turned investor David Sacks, co-founder Kevin Hartz, Robinhood co-founder Vlad Tenev.
Expert Views on the Beta Release of the Lightning Network Daemon
Many of the investors praised Lightning Labs for successfully achieving this milestone with Ben Davenport, CTO at the blockchain security company BitGo, saying Coindesk: “It’s something the entire community has been focused on and working towards for the better part of two years now. It’s really the culmination of a lot of work by many people, not just Lightning Labs. … We see it as a very important piece of the scaling solution for bitcoin, and perhaps other digital currencies as well.”
Developer Jack Mallers, is working on developing a Lightning Wallet called Zap on the top of LND. Mallers said: “This release is a step forward for the network itself. What I mean by that is: Before all the apps, we need to build a healthy network that has liquidity, reliability, high-uptime nodes, healthy channels, etc. We need to onboard an entire industry onto a new layer and build a healthy topology. This release kinda marks the ‘start’ so to speak.”
Alex Bosworth, who is currently developing several applications of the Lightning Network said that this is really a notable development as the future-release will no longer include network breaking charges. Bosworth said: “It should be good for my apps because it should signal the end to breaking changes. During the alpha we’ve had to wipe and restart a lot and that kind of distracts from the app making and makes the services less reliable.”
Lightning Labs co-founder and CEO Elizabeth Stark said that the latest release is only developer-friendly at this point in time. However, anyone who wants to use the LND can do so by operating the bitcoin and Litecoin full node depending on which cryptocurrency one wants to use.
Stark said: “Like the early days of the internet, it will start with advanced users with command-line interfaces and then evolve into a much more usable experience.” Stark further added that by this year-end. the company aims to launch Lightning-enabled wallets for mobile and desktop.
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According to local reports the Japanese firm Mikan Co. Ltd., creator of the Mikan (英単語アプリ) English language app has announced the beta-launch of a bitcoin cash (BCH) only mobile wallet for iOS and Android.
Also read:
bitcoin Needs to be a Part of Life
The Tokyo based firm, Mikan, has the beta-launch of a bitcoin cash wallet called Yenom which will be released in late March. The Japanese company established in 2014 is well known for its app that teaches English words. The English word application, ‘Mikan,’ has exceeded 2 million downloads since its first release. The Yenom BCH wallet has officially started its pre-registration, and the company plans to invite users to .
Mikan’s press release explains that the company believes bitcoin should “become a part of people’s lives.” The platform’s developers hope the application is “easy to understand and easy to use compared to existing applications.” Mikan’s wallet announcement details the platform’s ultimate goal is “making it possible to use bitcoins easily.”
Turning Over the Existing Money Structure
The company says Yenom was designed and dedicated to function with bitcoin cash. Mikan also explains the wallets name and why it was chosen. The name “Yenom” reads “money” upside down. Mikan explains the underlying philosophy behind this name stating:
[Yenom] shows the intention of “turning over the existing money structure” through this service.
Mikan details that while the virtual currency industry is exciting, it’s strongly said that most cryptocurrencies are traded for the purpose of speculation. But the company the great potential for bitcoin is within its “currency” use case, and Mikan thinks this will be realized when cryptocurrencies become a commonplace like traditional currencies. bitcoin needs to be a part of life, says Mikan, “like water, electricity, and the internet.”
What do you think about the Japanese company Mikan’s bitcoin cash wallet? Let us know in the comments below.
Images via Shutterstock, Mikan, and Yenom.
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