Day: March 13, 2018

At press time, bitcoin is trading for approximately $9,130 following a long week of volatility exploits and price drops. The cryptocurrency has been experiencing massive swings between the $8,900 and $9,500 range, and it’s unclear if or when bitcoin will decide to settle before another respective run.

Just over a week ago, bitcoin was trading for approximately $11,200, though drops have likely occurred thanks to ongoing regulatory tactics. Currently, China’s IT Ministry is set to implement “official” blockchain standards. While the country has shown it’s not for a solid ban on cryptocurrencies altogether, it has taken stances against unregulated or energy-consuming activity. To limit mining, for example, China has reduced the amount of electricity originally made available to miners. It has also blocked cryptocurrency exchanges on social media, and even censored them on applications like WeChat.

Perhaps the biggest blockade came last week when the nation decided it would block platforms that granted investors the chance to trade on overseas exchanges. The sentiment seems to be official: you either trade in China, or you don’t trade at all.

Presently, Asia seems to be a central hub for bitcoin use – and related problems. In Japan, the Financial Services Agency (FSA) explained it would enter a roll of “punishing” cryptocurrency exchanges that did not fully work to protect the financial assets or privacy of their customers. The move stems from the recent malware attack on Coincheck, one of Japan’s largest cryptocurrency exchanges. Over $500 million USD in NEM was stolen; the hack occurred in January, yet it’s taken Coincheck months to come to terms with repaying its clientele. Executives have stated that they will begin reimbursements later this week.

But Coincheck marked an ugly turn in Japan’s relationship with bitcoin. The country now “boasts” two of the largest cryptocurrency heists in history (the first being Mt. Gox), and regulators are seeking to prevent another event like this from happening again. Thus far, two exchanges have been forced into 30-day closures, while several others have been hit with administrative penalties.

It’s a solid move to say the least, but bitcoin’s price fell a whopping seven percent following the news that Japan would be taking such a hard stance. Some question whether the regulation is truly needed, while others feel a (likely) temporary drop in bitcoin’s value is a small price to pay, granted the likes of Mt. Gox and Coincheck never repeat themselves.

Additionally, the Securities and Exchange Commission has weighed in on bitcoin and cryptocurrency exchanges in recent days, warning against unregulated platforms and saying that all crypto exchanges trading digital currency assets as securities must register with the agency. Bitcoin’s price fell by approximately ten percent following the organization’s sentiment that regulation was necessary for exchange and ICO activity.

Per evaluations on Tradeview.com, bitcoin lies in a position where $6,000 is slated to be its annual low point, though a high of $50,000 is still thought possible, and buying and waiting for things to enter bull territory yet again appears to be common sentiment amongst analysts.

This article originally appeared on Bitcoin Magazine.

Giftcoin is a cryptocurrency that will be used for donations. The key goal of the developers of the coin is to help those in need using blockchain technology, which makes it easier for people to make donations.

Giftcoin offers more than an opportunity for users to donate. It also provides a wide selection of charitable organizations where one can donate. Additionally, the platform tracks the donations, ensuring that it has reached its intended recipients.  The goal of the platform is to come up with a system that is completely transparent and free, starting from the donors to charitable organizations. This means that any transaction carried out on Giftcoin is free. However, to ensure the sustainability of the platform after the offering of the Giftcoin tokens, a small fee of $1 will be charged for converting fiat currency to Giftcoin. This will encourage users to use the system to give donations.

How Does the Platform Work?

Users who wish to donate via the platform have to download the Giftcoin e-wallet and link it to their bank account. The user further configures the app and chooses the maximum amount of Giftcoin he or she wishes to buy monthly. Every time you purchase something, the Giftcoin round-up app converts your payment to the nearest dollar. The difference is stored in your e-wallet in the form of Giftcoins.  After you have accumulated enough Giftcoins in your wallet, you can donate them to the charity of your choice.

The use of smart contracts allows for transparency and donors will get to know who receives the donations. This will encourage others to donate. The platform also enables users to automate their e-wallet such that they will only release money to selected causes.

Benefits of The Platform

This is the first truly-charitable cryptocurrency and is set to fund noble causes

The donation process is transparent due to the use of blockchain technology unlike other donation platforms where donors are not even sure if the money they donate reaches the recipients

The rounding-off of small fractions of money and accumulating the funds is a great and convenient way to donate. Everyone can donate, as no large amounts of money is needed.

How to Buy the GIFT Token

Giftcoin is a cryptocurrency that needs to be stored in secure wallets. Users of Giftcoin should download a secure e-wallet first and keep the bought coins in it. Users who participate in the ICO can earn the digital coins, but they must meet some requirements.

Those wishing to invest in the platform can register for an upcoming ICO and acquire GIFT tokens using Ethereum or Bitcoin. The value of the gift coin is set at  900 GIFT tokens= 1 Ethereum.

Are you interested in charity? Do you think this is the right investment for you? Let us know your take in the comment section below.

The post Giftcoin: Using Cryptocurrency for Charity appeared first on NewsBTC.

DataBroker DAO is a marketplace that is designed for buying and selling sensor data. It is the first ever attempt to create a blockchain based decentralized marketplace for IoT sensor data. Over this marketplace, sensor owners will be able to turn their device generated data into stable streams of revenue. The platform is set to open up major opportunities for different industries. Besides, it will also ensure that the data collected will be put to effective use.

How does it work?

The platform is going to interact with multi-sig contract and Ethereum addresses at its core. The core of this platform is the registry of sensors and data streams that will be offered by the platform. The streamed data can be live data that is sourced from an IoT sensor and the sale of data will be based on time span.

The stakeholders of the DataBroker DAO will be the owners of sensors, data processors, buyers of data, and the gateway operators. The owners of the sensors that decide to sell their data will earn 80 percent of the amount received. They will be required to pay a small recurring fee for the opportunity to place their sensor on this platform. The data processors will buy the data with the goal of enriching it and reselling it.

The buyers of the data and the processors will be able to acquire data as a service. As a result, they will no longer need to make expensive hardware investments to acquire the resources they need. Besides that, they will be able to gain access to data that would have otherwise remained in data silos of the sensor owners.

The gateway operators will let the data flow to the DAO. The data following into the DAO will come from billions of IoT devices globally across a wireless sensor network. These gateways can be operated by Telecom companies in each country enabling sensor owners to sell data on the DAO platform. While sensors owners get 80 of the revenue, gateway operators will receive 10 percent while the other 10 percent will go to the DAO to cover operating costs.

The Token

This platform is going to be powered by the DTX token. It is an ERC20-based token. The token will be used as credit for buying and selling the sensor data within the platform. The public sale for this token will be held from March 26, 2018, to April 23, 2018.

More information about the project is available at –  https://databrokerdao.com/

The post DataBroker DAO: An Exclusive Review appeared first on NewsBTC.

As global cryptocurrency markets continue to slide from elusive January highs, it’s becoming increasingly evident that the next “boom” may be further away than many had anticipated. Bitcoin’s price is down nearly 50% from its local January 7 high of US$17,000, and other altcoins have seen average losses of about 60% in that same time frame.

While these numbers are not encouraging indicators, what may be even more significant is the change in trading volume between then and now. Days before the January 7 high, the global trading volume of all cryptocurrencies reached a record US$71.6 billion. In the past few days, 24-hour volume has fluctuated around $15 billion. This drop-off represents an almost 80% reduction in trading activity.

This massive loss of volume suggests two realities. The first is that active traders, who may have accrued massive profits during the bull market, were shaken out due to significant losses and/or newfound patience. It’s no secret that inexperienced or otherwise unsuccessful day traders can take the biggest hits in turbulent markets, and the volume loss indicates that some of these frequent contributors saw crippling blows to their positions. This, of course, is natural, and while it’s not a generally positive influence on markets, it’s nothing to get too concerned with.

The second, much more serious reality is that general interest and conversation about cryptocurrency is down. All the new investors who found out about this great new technology over the holidays are no longer looking to purchase Bitcoin and Ethereum. It’s likely that they, too, have largely been shaken out with the extended downtrend. Google Trends supports this conclusion. Bitcoin saw its largest interest at its all-time high value of US$20,000 in December, and has since seen a drop in search interest of 80%. The term “cryptocurrency” has fared slightly better, but peak interest at the time of the global January 7 high was still 4 times what it is now, which equates to a similarly massive drop in interest of 75%.

General search interest has fallen to the same level as was seen in late October, when the global cryptocurrency market cap was less than half of what it is now. If the relationship between volume and price movements holds true – that is, if volume falls at a rate greater than value does, this does not necessarily suggest coins will similarly drop back to pre-November prices. However, it still suggests that unless interest sees a trend reversal, the bear market could potentially continue for quite some time.

The Waves ecosystem was founded on the idea that the blockchain was invented for the people. It is a type of technology, which gives power back to the people for their business processes, finances, and much more. It also offers ordinary people a previously unimaginable level of security, convenience, and transparency.

The blockchain was created with the people in mind. The Waves platform has been designed with a wide array of users and use cases in mind. It works well for both the individuals and institutions. All of its capabilities are made possible by the constantly evolving technology.

There is a lot of misconception about Waves among the crypto-community at the moment. Many believe that Waves is a crowdfunding platform and not a full-fledged blockchain ecosystem, which it is.

A bird’s eye view of Waves Ecosystem

The Benefits for investors

The Waves platform has one of the best crypto wallets in existence. This is an easy-to-access wallet that lets you access all the features possible with the Waves platform. The wallet’s design considers best practices. That means it compares quite favorably with user interfaces of some of the most popular banking and trading platforms. When combined with fiat and digital currency gateway, the wallet makes it extremely simple to acquire and hold digital coins securely.

The Waves wallet come with an inbuilt DEX or decentralized exchange. It has a professional design quite similar to what is found on the most popular exchanges out there. A huge array of trading tools makes it ideal for newcomers as well as expert traders. The DEX is still being improved to ensure that it can soon rival some of the biggest exchanges out there.

Benefits for Institutional Investors

There is a major interest in digital currencies and the blockchain tokens from financial institutions. The Waves platform has elements built into it that make it possible to interface with the traditional world of finance. This will allow large corporations to gain access to this new class of assets with ease.

One way the Waves project achieves this is via the Basics Fund. This blockchain venture fund focuses on the Waves platform and can hold a diverse portfolio of digital assets. It has the purpose of giving large investors access to token projects as close to their launch as possible.

Compliant Token Launches

Waves will enable large corporations to launch token sales that are in conformity with the law. This way, the corporations will be able to access crowd investment in just a few weeks. The Waves platform also has various collaborations in place, like the one with Tokenomica which ensures that all token sales are KYC compliant. The ecosystem leverages on such collaborations so help its user gets what they want from the platform.

The Waves Lab

The Waves Platform is also actively involved in helping blockchain projects turn their ideas into viable businesses. The Waves Lab is the blockchain technology incubator that is part of the ecosystem and it mainly focuses on pre-ICO projects and teams with guidance and Waves Platform infrastructure to solve real world problems.

The platform also provides seed funds of up to $300k, legal support, advice, resources, PR and marketing to selected teams.

The post The Waves Ecosystem: More than Just a Crowdfunding Platform appeared first on NewsBTC.

CFTC Commissioner Brian Quintenz has expressed approval over a virtual commodities SRO proposed by Gemini founders Tyler and Cameron Winklevoss.

Global trading and investment platform eToro has been praised for being easy to use, community-focused, transparent, and educational, according to various testimonials. Little wonder the site, which launched over a decade ago, now boasts nine million users.

What is so special about eToro, which has made a name for itself as go-to a cryptocurrency platform, compared to similar websites? Firstly, through educational guides – accessed via www.etoro.com – and also a virtual trading account, newcomers are able to find their feet.

“My advice to any new traders would be: definitely open an eToro demo account, open some trades, and then dip your toes in the water and start opening some real trades,” says Wayne Ryan, who goes by ‘goodgoing’ on the platform.

Mr. Ryan enjoyed a 588 percent gain on his investments in 2016 and 84 percent last year. He is one of eToro’s Popular Investors (PIs), and his investments are copied by many other traders, who make use of the innovative CopyTrader tool.

This facility, which is straightforward to use – eToro clients can view and copy anyone with a profile – is ideal for those who lack time or experience in the markets.

Mr. Ryan continues: “The main features of the website that help me specifically in trading are the live feeds and the charts. To be one of the best traders on eToro is a big achievement. I feel I have worked really hard to get to that level.”

Watch Wayne Ryan’s video testimonial

Another PI, Lena Birse – ‘Onegirl’ – who enjoyed a 36 percent gain on her eToro investments in 2017, says: “What I love about eToro is that you can see exactly what each trader is doing. I started trading on eToro because I just loved how easy it was to navigate the website. It felt like anyone could do it. I have no financial background. My main profession is being a housewife.”

Jay Edward Smith, one of the most copied PIs, who goes by the moniker ‘jaynemesis’ on eToro, believes the sense of community is unique. “I think eToro is a very different experience to using any other trading platform,” he suggests. “Most platforms are quite solitary – you don’t really interact with very many people – whereas eToro really focuses on making sure people can communicate with each other and see what each other are doing and check each other’s profiles.”

Watch Jay Edward Smith’s video testimonial now

Mr. Smith yielded a 340 percent return last year. Emphasising the eToro CopyTrader tool, he adds: “A lot of my friends are the kind of people who work in a warehouse and have no idea how markets work. That doesn’t matter on eToro, because you can just find someone else who does.”

Pros and cons of trading on eToro

Pros

– Straightforward, user-friendly, trustworthy and experienced platform
– Instant execution of trades, thereby locking in a price
– Ability to use CopyTrader and other innovative tools
– Huge cryptocurrency community that shares knowledge and helps each other
– Fast execution
– Regulated company

Cons

– Only nine cryptocurrencies offered by the platform, currently
– Users are unable to withdraw the cryptocurrencies directly
– Users’ cryptocurrencies are held by eToro

Join eToro’s Global Community Now!

All trading involves risk. Only risk capital you’re prepared to lose. Past performance is not an indication of future results.

The post eToro Continues to Receive Praises from the Trading and Crypto Communities appeared first on NewsBTC.

Innovation is not difficult to come by in the world of blockchain technology. Loom Network aims to become a different breed of blockchain platform, as it mainly focuses on large-scale online games and applications. It is a very interesting approach, and now is a good time to take a closer look at what this particular project is all about.

The Purpose of Loom Network

There is a lot more to blockchain technology than just financial transactions. Even though it’s evident that this technology will mainly disrupt the financial sector, projects such as Loom Network show that there are other opportunities available. Right now, this project focuses on games and social applications which can make use of this technology.

How Does it Work?

Loom Network largely revolves around DAppChains. More specifically, it aims to establish an ecosystem where token-based karma, Ethereum-based crypto-collectibles, games, and social apps can all come together without any friction. All of this will be based on forkable, decentralized, and human-readable blockchain rulesets.

Moreover, Loom Network will help build games which cannot be built without the blockchain. Although it sounds like a niche market, the project’s team has rather bold ambitions. With provably scarce items, traceable tokens, and multi-game-spanning universes, there certainly are a lot of opportunities waiting to be explored. Additionally, the project also wants to build new types of social applications not inherently driven by advertising.

The DAppChains themselves are full-scale blockchains running in parallel to Ethereum smart contracts. In the modern world, they are referred to as sidechains, but they are a rather advanced form in terms of scaling data rather than focusing on regular network transactions. Through the Loom SDK, anyone can generate their own DAppChain with its own consensus mechanism. It is quite an interesting concept which will certainly attract a lot of attention moving forward.

The Loom Token Explained

As one would expect, Loom Network has its own token. It’s known as Loom, and it allows smart contract developers to make their DApps as secure and powerful as they want. This token is also a brand-new way to incentivize Ethereum-based DApps, which will be of great interest to developers all over the world.

The Road Ahead

Even though Loom Network will only launch this month, it will be interesting to see what the future holds for this platform. Building Twitter-scale apps on top of Ethereum will not be an easy feat. It is certainly possible to do so in the future, as Loom Network seems to offer a lot of additional scaling solutions for Ethereum in its current form. 

The low volatility cryptocurrency and payments system platform Minexcoin (MNX) has just recently performed a series of successful atomic swap tests between the MNX and Bitcoin blockchains.

Disclosure: This is a Sponsored Article

Atomic swaps, also known as atomic cross-chain trading, is a new technology that proposes to allow for the direct exchange of one cryptocurrency with another from different blockchains, without the need for an intermediary.

Today, the majority of cryptocurrency exchange and trading happens over centralized platforms, requiring users and traders to trust the platform owners to complete their exchanges. Essentially, atomic swaps is a decentralized, trustless alternative to the current convention.

The future of decentralized exchanges lies in atomic swaps

The latest updates from MNX suggest that the launch of a decentralized exchanger without fees could be the starting point for the development of a trustless exchange

In recent months, atomic swaps have been successfully completed across the blockchains of major cryptocurrencies such as Bitcoin, Litecoin and Zcash. However, most of these have only been conducted on test nets (as opposed to main nets) and have been tedious and complex to achieve.

MNX lead blockchain developer Roman Hulenko points out that atomic swaps must move beyond the conducive environs of test nets to move forward, even with the major challenges, such as the inability to guarantee full security:

“Every blockchain that could support Atomic Swaps, more or less, but is at risk. I think today’s main global developer’s goal is to minimize dangers rather than simply launch cross-chain trading in the blockchain.”

Hulenko believes that MNX has come upon a solution that significantly minimizes the risk and is planning to implement this solution in an exchange to provide a secure environment for traders.

The priority right now is for MNX to successfully perform the first ever cross-chain exchange between MNX and Bitcoin on the main nets, after which, it will publish its protocol on GitHub for open examination and further testing of atomic swaps on other blockchain assets.

Once achieved, the MNX team will eye pairings with other alternative blockchains such as Litecoin and Zcash. Eventually, MNX atomic swaps will feature a GUI to ease users with less programming knowledge into the process of atomic swapping, rather than the current complex consoles.

The new MNX system will allow two users to reach and exchange agreement, after which each will open the GUI with simple information: wallet address, amount of coins to send and amount expected to be received. Once all the information is complete, users simply need to submit the request and the MNX protocol will complete the atomic swap. If the exchange fails for any reason, each user will be returned their coins.

The road to decentralization

Initially, MNX will offer its service without cost to analyze demand, user behavior and modifications need. While MNX is dedicated to developing a fully decentralized exchange, it foresees several challenges.

While being able to offer facilitation of the swaps without fees, the new system faces two main issues. The first is the need for a more advanced atomic protocol that can only be developed after the light exchanger has been implemented and finalized. The second is dubbed as “atomic hype”, which refers to the misinformation regarding decentralized exchanges.

As popular as the idea has become, MNX notes that most decentralized exchanges in reality are in fact only trustless in the exchange, but centralized in nature, despite being free of third parties.

MNX’s ultimate goal will be to develop a truly decentralized exchange but is aware that this objective will require time to achieve. Meanwhile, it welcomes open testing of its protocol by the crypto community to test its first trustless exchange, as soon as is possible.

To learn more about Minexcoin, visit the website and read the whitepaper. To examine the source code, visit their page on GitHub or connect with their developers on Telegram. Follow the latest updates on Twitter and Facebook.

Binance announced Binance Chain, a public blockchain for trading assets, on Tuesday.

The number of use cases for blockchain technology is a lot greater than most people imagine. Outside of the financial sector, there are dozens of opportunities waiting to be explored. OriginTrail, for example, is currently working on integrating data from forensic laboratories on the blockchain. It’s an interesting venture, although it remains to be seen how successful this project can be.

Another use Case for Blockchain Technology

On paper, blockchain technology can facilitate many different business models. Although most of the current focus lies on improving the financial industry as a whole, some companies are exploring other opportunities as well. Recording data in a safe and immutable manner, for example, is something a lot of companies would love to do. It may even have major repercussions for the rest of the world in the long run.

The work being done by OriginTrail should not be overlooked in this regard. Although few people know this company even exists, the team took a rather impressive step forward not long ago. They inked a deal with two scientific laboratories from Australia and Vietnam to record data on the blockchain. Efforts like these are direly needed for companies which focus on data integrity and addressing issues with the food supply chain.

More specifically, the OriginTrail blockchain solution is an infrastructure meant to integrate and distribute data. It will also create reports for clients of any company or project making use of this blockchain. As such, a whole new layer of transparency and trust can be created in a frictionless manner. It opens the door for a lot of different use cases, although it remains to be seen how successful this venture can be in the long run.

When it comes to ensuring the integrity of food and non-food products, there is still a lot of room for improvement. As of right now, all tests conducted on food must be recorded in a public and transparent manner. Doing so with existing technologies has proven to be quite a hassle, especially because most of the data is not immutable in the slightest. This is where blockchain comes into the picture, as it provides a completely different medium to store and record data of any kind.

For OriginTrail, this new pilot program is a major milestone. The company has worked with other food supply chain entities in the past, and they will continue to bring their blockchain technology to more companies in the future. As of right now, the possibilities are virtually limitless, but the real use cases for this blockchain technology have yet to be fully unlocked.

It will be interesting to see how the food supply chain gets disrupted by blockchain technology in the long run. Bringing more transparency to the table can only be considered a good thing for most people. Consumers have demonstrated an increasing demand for safe, healthy, and nutritious foods. Without proper solutions to track the origin and supply chain of the food sold in stores, an issue is created. As such, companies will need to look for innovative ways to regain consumer trust, which is a lot more difficult than one might think.

In the biggest revolution in casino gaming since the introduction of online gambling in the 1990s, LetBet is not only disrupting the current system of centralized gaming operators but also reengineering the blockchain.  

Disclosure: This is a Sponsored Article

Since John Montagu (Earl of Sandwich) invented the sandwich at a poker table in the 18th century, the same casino games have dominated the global casino market. Game development has become a global digital market, but gamblers still favour the same games, which have undergone little variation. Bill Healey, Business Development Manager for LetBet, explains how LetBet’s  next generation blockchain is raising the stakes in game development, while providing a more secure and profitable gaming environment for players.

The Merkle: Like video games, new casino games are a key competitive tool for casino operators. How will the transition of casino gaming to gaming ecosystems run on a lean digital ledger spur game development innovation in an industry largely lacking it?

Bill Healey: The blockchain supports game development innovation by addressing three key weaknesses of centralized game operators: trust, security and incentives.

The lack of innovation comes down to trust. For centuries, poker, craps, slot machines and blackjack have been the most played casino games. Players know these “tried-and-true” games and their rules, whereas new gambling games introduce unknown software code, rules and risks.

The ‘trustless’ blockchain is disrupting the centuries-old status quo by creating trust, in the way of transparent and provably fair global gaming platforms. The coin economy essentially derisks gambling by removing the distrust of third party operators and game developers. We are already seeing throngs of game developers producing new games for a more secure gambling world on the blockchain.

The Merkle: How will third party disintermediation make it safer for players in a market with a high level of fraud, exacerbated by cyber frauds in the online gambling world?

Bill Healey: That brings us to the second advantage, security. Games of chance have always been prone to manipulation. Online gaming controlled by complex computer code makes it even easier to engineer unfair outcomes. Blockchain gaming platforms disintermediate third party operators who manipulate betting outcomes and increase transaction costs.

Specifically, gambling implemented on a smart contract has been designed to deliver a provably fair and transparent gaming process. Escrow for games is secured directly from the players’ smart wallet and winnings immediately distributed to wallets once the game’s algorithm produces the outcome.

Another growing security risk is cyber fraud. Since funds are not held by a centralized third party, hackers cannot abscond with a large amount of money or personal information on thousands of clients.

Game mechanics can also be manipulated. Early on, the blockchain used games of chance to demonstrate how P2P games could be played and winnings distributed without the use of a central operator. In the Satoshi Dice game, for example, the outcome is produced in advance through encrypted code. Once the player ‘rolls’ his own dice, the operator cannot change his encrypted results.

Open source code makes it difficult for an operator to change the algorithm, unannounced, and thus the game outcomes without being seen. Distrust of gambling models is solved by a transparent and open source gaming system. Developers are free to use their own game models.  

The Merkle: The operators are no longer sitting in the middle taking 30 percent of the revenues. How does this open, provably fair gaming platform distribute profits?

Bill Healey: The token economy rewards the whole Ecosystem—operators, game developers and players—through a crowdfunding model that shares in the revenues. Crowdfunding provides financial support for game developers while allowing them to retain intellectual property ownership. Rewards are generously handed out, often in the way of game tokens, thereby creating more liquidity and action on the platform.

Notably, LetBet does not charge transaction fees. With the removal of third party operators and their fees, developers and players can take home higher winning payouts.

The Merkle: It is widely reported that a trade off is required in exchange for the security and higher profit potential when gambling on the blockchain.

Bill Healey: One drawback on the blockchain is the slower transaction processing time. On the ethereum blockchain, this fairer, securer gambling experience is executed on the order of seconds. LetBet has solved this problem by introducing its own blockchain. LetBet’s ‘zero-chain’ blockchain platform supports a fully compliant smart contract system with the speed of a legacy centralized gaming system.

The Merkle:  And what does this all mean for game development innovation?

Alongside speed, game developers gain many benefits from an open source blockchain platform. New gambling models are already beginning to interconnect to provide an even more enticing gambling experience[a]. The LetBet system also supports non-gambling applications, opening the doors to new gambling products, such as (EXAMPLE[b]). Game developers can further improve their games by using the LetBet Integration model, which provides access to the data and analytics of leading lottos and brokers such as Bet365, William Hill and BetFair.

The Merkle: How does the zero-chain blockchain improve upon the existing blockchain architecture?

Bill Healey: The LetBet zero-chain blockchain design enables rapid transaction processing times, no transaction fees, and a full random number generator.

The Merkle:  In a determinist, consensus-based system, how does the blockchain deal with the requirement for random number generation in casino games?

The blockchain does not fully support random number generators. Therefore, developers produced a pseudo random number generator, (RNG), which is still used on gambling platforms on the Ethereum blockchain, which does not fully support RNGs. LetBet has produced the next generation blockchain to run RNG and deliver a fully random and fair game on its own zero-chain blockchain.

The LBT coin pre-sale began on January 20th, and provides a 50 percent discount off the price during the main ICO event, which begins February 25th.