Re: Bitcoin Price Will Spike Over 65% After Winkelvoss ETF
So each share is 0.01 btc initially, but what is a basket: 50000 or 500000 shares? If 50000, then it is 500BTC equivalent, pretty steep level for conversion. If it is 500000, then no retail will ever convert a basket to btc as it will be above $5mil at current prices.
ETFs are targeted at high networth investors that can comfortably upto 50000 blocks of shares from the fund company and not just for every trader out there unless a brokerage company comes in to play the middleman.
Overall, I want to believe that the ETF stands some good chance of getting approved going by Trump’s stance on reducing the burden of regulation in the U.S. and a number of bitcoin enthusiasts that are close to the sit of power.
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, the all in one financial services provider, has published the public part of the EON blockchain source code on GitHub.
[Note: This is a press release.]
The covers the rules of consensus, emission and block confirmation. The blockchain has been developed by the Exscudo team and is focused on providing and supporting financial services. It also enables Exscudo to develop its independent products and services.
The team has published the EON peer core source code on GitHub. It shows the main structure of the system, and how EON works and interacts within itself, but it does not cover the full functionality of the node.
“We are concerned about the security of our customers and we want to protect our intellectual property”, – CEO Andrew Zimine explains, – “I wouldn’t like anybody to set up a peer network before we do it ourselves. This is why we do not publish the full information about nodes on this stage.”
However, Exscudo plans to launch the EON test network in a couple of weeks after the end of the . The detailed instructions for setting up regular and master nodes will be published in June. The minimum technical requirements for setting up a node on a virtual server are the following:
A machine with 1 or 2 cores
1-2 GB operational memory with Unix support
100-200 Gb HDD.
EON uses the DePOS mining algorithm. This means that the nodes that have more coins deposited are more likely to sign a block. DePos mining is considered to be fairer for node owners, as the rewards do not depend on the power capacity of the mining equipment.
The minimum sum required for starting a node equals 25.000 EON coins. In case a user deposits more coins on the node, he raises his chances to sign a block.
The launch of the EON test network is planned for June 2017. After the blockchain is set up, Exscudo will launch its first product, the Channels mobile app. Channels is a mobile wallet and secure messenger that works on the EON blockchain. It provides for secure communication, payments, trading and money exchange.
The key features and the structure of EON are easily explained in this .
