The blockchain industry is indeed something. From all the twists and turns we have seen in this new technological environment, nothing is surprising anymore. This week Roberto Escobar, brother of the most notorious drug kingpin in history, Pablo Escobar, announced the launch of his digital currency called Diet bitcoin (DDX).
Roberto Escobar hopes to offer an improved version of by enhancing known features like speed and capacity. Diet bitcoin, was made from a fork of the popular cryptocurrency and had a few tweaks from developers to add improvements to the currency. According to , a project’s representative confirmed the involvement of the notorious drug lord’s brother.
Forking the network has become some sort of novelty. There is an app available that lets you fork the software and quickly create a new coin out of it. So it is straightforward for anyone to create their coins and speculate.
Roberto is also running an (ICO) where he is offering a sale with a 96 percent discount for users to buy the token. The token can now be purchased at $2, a steep discount from the initial price of $50.
What is Diet bitcoin?
According to the Diet bitcoin website, the total supply of the currency is one million DDX which are going to be split into three separate token sales. The first phase of the token sale will make 300,000 DDX tokens available at $50 (with the current discount the price is $2), the second phase will have another 300,000 DDX at $100, and the third and final phase will have a 400,000 amount of tokens at $1,000.
Escobar: Satoshi Nakamoto is a CIA Creation
Apart from the new cryptocurrency, Roberto Escobar also released a book entitled Pablo Escobar’s Diet bitcoin. The book gathers a lot of information related to the development of the new project as well as the motivations driving him to go ahead with the project. Anyone interested in the book can purchase a copy from Amazon for $8, or a free version can be downloaded on the project’s official website.
This rare piece of literature is available to purchase from Amazon for $8, but you can also get a free copy from the official Diet bitcoin site.
In this literature piece, Escobar’s brother, Roberto reveals that, unlike many people believe, was created by the CIA and not by a crypto-anarchist called Satoshi Nakamoto. Roberto goes on saying that bitcoin is nothing more than a CIA an inside job.
Roberto states in his book:
“The world is going to see that this was created by them. And when they see it, it is too late, and when CIA founds out that the world knows about this, the CIA is going to sell all of their coins, and they will destroy the value of bitcoin.”
Roberto Escobar appears to believe in the success of its coin. In his book, he claims, “You can stick with your worthless coins. Keep the , keep the TRON, keep the Ripple, keep the bitcoin. You will see what happens. They will all go to zero, almost zero. But not my coin. Because my coin, this is going to be my new work in life.”
Roberto says that most of the cryptos available today are scams and that his coin will be there when all the other coins fall. To know more about Diet bitcoin, you can read the whitepaper by following .
The post appeared first on .
In the midst of security breaches in cryptocurrency exchanges and minimal institutional participation in cryptocurrency market, rising cryptocurrency exchange Qurrex is offering an innovative approach that will attract casual traders and institutional investors alike.
In today’s world, those looking to participate in the cryptocurrency boom can turn to centralized exchanges (CEX) and, more recently, decentralized exchanges (DEX). The problem? Neither of these provide full functionality that can allow individuals and institutions to participate in the market efficiently.
CEX – Speed & Liquidity with Digital Vulnerability
Centralized exchanges have long been the standard outside the crypto world. Those like NASDAQ, NYSE, and others allow trading of stocks and similar assets, and have provided low latency (quick processing of orders), liquidity, and tools like marginal trading and high-frequency trading. This attracted significant participation from individual and institutional investors, the latter contributing to even more liquidity.
In the crypto world, however, CEX are a bit of a dirty word. This is because all the buy and sell orders are routed to a trusted third party, and often require users to place their private keys in the hands of the exchange. They are vulnerable to government influence and hacking attacks. CEX depend on an organization to operate them, which subjects them to government regulation and exploitation.
Governments Close Exchanges Down
Two of the largest exchanges in China, for example, froze all bitcoin withdrawals for a month after China’s central bank attempted to intervene. Others have forced exchanges to collect data on their users causing concerns for the privacy that cryptocurrency users cherish. CEX concentrate large amounts of cryptocurrency, which makes them attractive and vulnerable to hacking attacks. These attacks have already cost users millions of dollars in digital assets; notably the attacks on Mt. Gox, Bitfinex, and Coincheck, among others.
DEX – The Spirit of Crypto at a Cost
Many think the solution to these troubles lies nn the other end of the spectrum. Decentralized Exchanges, which allow users to keep much of the privacy that comes with cryptocurrency while private keys remain in their hands. Because they rely mostly on software, it is difficult to subject them to the king of government regulation that requires CEX to collect information on their users. Additionally, since DEX do not hold their users’ assets, they are not attractive or as vulnerable to hacking, providing more security than their CEX counterparts. However, DEX do not hold currency nor do they have a central ledger containing all buy and sell orders. This prevents them from offering the instruments, latency, or liquidity that would motivate institutional investors to enter the market.
Enter Qurrex – A hybrid exchange posed to be the future of crypto trading
In the coming months, cryptocurrency markets will be welcoming an innovative force that seeks to provide the functionality and liquidity of CEX with the privacy and security of DEX. Qurrex boasts a central node that routes orders, provides transparency, and attracts institutional investors. At the same time, this node is connected to a decentralized network that allows casual traders to participate in the market, confirm transactions, and hold their own private keys if they choose to. The ability to conduct peer-to-peer trading, and record orders on a blockchain marries the best of both the CEX and DEX worlds. Qurrex will be able to give users exactly that, the hybrid cryptocurrency exchange experience.
Qurrex is the Solution
Qurrex will catapult digital asset trading into the future. The Qurrex team is building on years of experience conducting trading in a central exchange, providing services with the speed, ease, and liquidity institutional actors are used to. Its “central node” will be connected to a network of decentralized nodes that allow actors to access the trading platform and engage in peer to peer trading, provide confirmation and record transactions on a blockchain, and maintain the true spirit of crypto, as well as the security of the digital assets that the cryptocurrency revolution brought to the market. This hybrid exchange solution, makes Qurrex the cryptocurrency market innovation of 2018.
This is a paid press release. BTCManager does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. BTCManager is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
The post appeared first on .
