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What Is Cryptocurrency? “Jeopardy!” Features Entire Category on Crypto

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What Is Cryptocurrency? “Jeopardy!” Features Entire Category on Crypto
What is cryptocurrency? “jeopardy! ” features entire category on crypto

Is cryptocurrency becoming more mainstream? It could be if one of America’s most prominent game shows features an entire category devoted to it.

The November 29, 2018, episode of “Jeopardy!” — which has been on the air since 1964 — offered five unique questions centered around cryptocurrencies and their technology to test out its contestants’ knowledge on the subject: The results reveal that they did indeed know their fair share.

The “cryptocurrencies” category occurred in the game’s first round, with answers worth $200, $400, $600, $800 and $1,000 depending on their order and level of difficulty. The category was also among the final two to be tackled by the players, suggesting they may have felt a little less confident heading into it.

The first clue, selected by Phil Tompkins, a portable restroom service technician from Indiana, was a rather basic one: “An altcoin is any unit of cryptocurrency other than this original one.” Chris Williams, a consultant from New York, responded with the correct answer: “bitcoin.”

The contestants then moved to an entirely new category before Adriana Ciccone, a data scientist from San Francisco, jumped back to “cryptocurrencies” with less than a minute to go in the round. In true cryptocurrency fashion, the stakes suddenly got higher when the selected clue turned out to be a “daily double” — meaning she was able to risk any or all of her accumulated winnings on the result of that one answer.

Ciccone chose to risk $2,500 of her $5,200 pot, and the clue that followed read, “In 2018, this South American country launched the petro currency backed by oil reserves.” After just a moment’s thought, she responded with the correct answer of “What is Venezuela?”

Two more of remaining clues — both which were answered successfully — also focused on tokens, including one about Kik’s “Kin” token and the ill-fated “Coinye” token.

The $600 clue finally got technical: “Each transaction is a ‘block’ connected in these digital ledgers that enable cryptocurrencies to work.” (Okay.) Fortunately, Ciccone was able to respond with “What is a blockchain?”

This isn’t the first time “Jeopardy!” has tested players’ knowledge of digital assets. Back in April 2018, the show featured a clue in which “What is bitcoin?” was the correct response. The clue read, “In December 2017, one unit of this cryptocurrency was 15 times more than an ounce of gold.”

In early November 2018, “Jeopardy!” was renewed through 2023. This will bring its television run to nearly 60 years. The fact that such a long-running show would feature cryptocurrencies in such a prominent way, combined with the fact that the clues were all answered correctly by men and women from such different walks of life, suggests that digital assets are indeed venturing deeper into mainstream territory.

Test your own bitcoin knowledge in our quiz:  Novice, Intermediate or Expert? A Quiz to Test Your Bitcoin Knowledge

This article originally appeared on Bitcoin Magazine.

What is cryptocurrency? “jeopardy! ” features entire category on crypto What is cryptocurrency? “jeopardy! ” features entire category on crypto

What is cryptocurrency? “jeopardy! ” features entire category on crypto

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IMMLA: Multimodal Transportation ‘UBER’ to Raise $500k in Crowdsale

IMMLA’s mission is to provide multimodal deliveries service with decentralized control system of transportation, document flow and payments.


Its authors say, that new technology allows dramatically reduce trust deficit, information barriers and legal costs. This is to be achieved due to interaction of cargo owner and the transporter through IMMLA working on the base of Etherium blockchain and smart contracts. It will allow monitoring of cargo damage, time of delivery, cargo location, selection of suitable delivery route and other cool parameters.

IMMLA is founded by consortium of logistics and IT leaders. It includes such names as Formag Fowarding (subsidiary of Global Transport Investment), experts of a leading logistics services giant Hellman Worldwide Logistics and SBSolutions.  The software solution will be based on the logistics industry leading ERP solution Logismart.

1-2% market share in 5 years

IMMLA is planning to launch real third party transportations using smart-contracts based on Ethereum blockchain as early as in the first quarter of 2018. According to the White Paper, in 2019-2020 IMMLA service will be offered on the CIS market. In 2021, it is to enter the markets of Western Europe and China. Thus, 5 years after the launch of the IMMLA product is estimated to occupy 1-2% of the world’s freight forwarding market.

“International freight forwarding market is annually estimated at approximately 200 million teu’s (twenty-foot equivalent unit). Thus, the goal of 1-2% market share 5 years after the full-scale launch, constitutes roughly 3 million teu’s (to date, it is an approximate volume provided by the DHL company). Our estimations show that high quality service for around 8000 multimodal international transportations daily, including all the possible deviations from an ideal process, will be the minimum performance level that we will be able to provide over this time horizon”.

-Mikhail Astakhov, the founder of the IMMLA consortium

Based on working product

Logismart, the basis of IMMLA service, functions in several dozen multinational logistic corporations. IMMLA’s team affirms that the product serves and supports tens of thousands transported TEU-s in terms of both legal issues and document workflow. However, IMMLA claims to be new service inheriting only logic from its predecessor.

“Initially a client puts into the service the information about the necessity to deliver a specific cargo from one place to another at a specific time. Further, the platform through the use of statistical and forecast data provides the client with a price point for such service and an approximate delivery plan. If the client is satisfied with the basic conditions of the offer, then he places an order for a proposal formation”.

-Mikhail Astakhov

The system, in turn, allocates the basic scheme of transportation among the registered participants, whose advertised and/or statistical profile allows them to take part in such transportation process. It also takes into account alternative delivery plans where it is possible to improve the price and/or time parameters.

ICO

IMMLA plans to raise during the first round ICO around $500,000 (http://immla.io/pre-ico). The first round begins at 00.00 UTC+3, the 15th July 2017 and finishes on the 30th July 2017. Full-fledged ICO will be held on September 2017 and can bring $12,1 million into the project.

The base currency of IMMLA’s Pre-ICO is ETH. During the pre-ICO campaign IML token price is 0,000192 ЕТН, during the ICO this price will grow up to 0,000275 ЕТН. So early birds bonus is 43%. Pre-ICO is successful if more than 577 ЕТН (~$150К) collected, otherwise all funds are transferred to pre-lCO participants.


Images courtesy of Shutterstock, IMMLA

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