telegram-ton

Concerns Raised Over Telegram’s Upcoming Crypto Platform

Recent reports have implied that Telegram messenger is set to begin testing TON (Telegram Open Network) its blockchain network in September. The company’s owners raised a whopping $1.7 billion in March in an Initial Coin Offering (ICO) that is one of the most successful ones of all time. Part of the proceeds from the ICO have been used to develop the platforms blockchain network which is aimed at building a universal blockchain infrastructure based on its speed as well as the inclusion of smart contracts. It is therefore very easy to see why many people are so excited about this.

The testing phase of the crypto platform is set to kick off in September and the blockchain nodes will be available as open-source alongside other blockchain database management tools like consensus and shards – these will allow a test-run of TON.

TON is slated to process transactions faster and more efficiently than both Bitcoin and Ethereum while at the same time rivaling widely accepted payment options like MasterCard and Visa. To make it even better, the platform will also be compatible with Ethereum (ETH) when it launches and hopefully, other cryptocurrencies will get support along the way. Very promising, right?

The Concerns

While the TON platform may seem like a solution to a ton of problems, not everyone is convinced that it is what it claims to be. According to a report detailing how terrorists have been using digital currencies, there has been speculation that the release of TON and the associated Gram token pose a significant security threat to the United States’ government.

Telegram seems to be aware of such concerns and has even gone as far as singling out people they believe are terrorists through their privacy policy which reads:

“If Telegram receives a court order that confirms you’re a terror suspect, we may disclose your IP address and phone number to the relevant authorities. So far, this has never happened. When it does, we will include it in a semiannual transparency report…”

Telegram’s chief executive officer, Pavel Durov, has been very adamant when it comes to compromising the security of the messaging platform. However, he has cooperated with governments after terrorist attacks were reportedly coordinated using the app. Now, there is even more scrutiny being directed at the company because of its TONPayments – there is a considerable amount of certainty that this will make it very easy for terrorists to raise funds for their operations all without a trace.

Tron Bet Crypto Gambling Expansion Set for August 8

TronBet, one of the world’s leading blockchain-based platforms, has done a great job in its effort to bring blockchain technologies inherent anonymity, security, and transparency to the online gambling space. The company’s goal has always been to democratize an industry where the users have often raised concerns pertaining to arbitrary behavior from service providers.

The team behind the disruptive company has recently published details of its newly rebranded business model. This planned migration from platform’s native cryptocurrency ANTE to its new cryptocurrency WIN. The plans have already begun to materialize with 5 percent of the newly minted WIN token set to be released on August 8 on Binance. This move is part of the projects Initial Exchange Offering (IEO) which, in the world of blockchain startups, is the equivalent of Initial Public Offerings (IPOs).

WIN, the new cryptocurrency, has been designed to allocate winnings from TronBet’s house-edge along with profits from its advertising revenues to token holder. This is one of the world’s very first distributed earnings model that leverages blockchain technology. As expected, from now henceforth, the platform will be rebranded as WINk and the platform’s broad range of crypto gambling products and services will enjoy formal trading licenses from the government of Curacao and Costa Rica.

New Strategy

TronBet arguably only comes second to Bitcoin when it comes to being one of the world most successful blockchain-powered products. However, the TronBet is setting some very ambitious goals with the major rebrand that is currently on the way. Their plan is to take the platform to a wider user-base as it leverages strategic partnerships with both Binance and BitTorrent. The latter was just recently acquired by Tron for a whopping $126 million.

Now, as far as its strategies are concerned, the project has plans to expand its development so that it can accommodate payment for its services through the more traditional banking methods like credit cards and eWallets. In essence, TronBet’s transition from ANTE to WIN is set to change a number of aspects in the company’s business model over the long-term. In addition to that, the transition is also set to allow for a greater chance for the token’s price to rise fundamentally over time instead of relying on the same speculative movements that define price in the broader crypto environment.

It goes without saying that blockchain technology seems to be one of the leading ways of bringing much-needed improvements to the online gambling industry. In fact, some analysts believe that crypto and blockchain are going to completely redefine the space. TronBet clearly knows about this and it is working quite hard to ensure that it is a part of this revolution.

litecoin

Litecoin Gambling on the Rise

Digital currencies have been around for quite some time now and therefore it is safe to say that at least every single person will be familiar with at least one of them. In most cases, it is bitcoin, which is considered to be the mother of all cryptocurrencies having been around for the longest time. People and businesses have used these digital currencies in different capacities as they offer an alternative to cash and cards while at the same time offering transparency and anonymity, both of which are not really readily offered by fiat currency.

While digital currencies are yet to fully replace fiat in most areas, they have grown to become very useful forms of exchange and one of the most notable applications is in gambling. Still, bitcoin is by far one of the most widely accepted cryptocurrencies on online gaming platforms. However, things are changing rapidly in this regard and even though it will be almost impossible for bitcoin to be dethroned as the king of cryptocurrencies, other digital coins are beginning to at least match up to the threshold that bitcoin has reached. One of the cryptocurrencies that are headed in that direction is Litecoin.

The Perks of Litecoin

Just like bitcoin, Litecoin relies on a specific encrypted protocol that creates and transfers the Litecoin with no central authority overseeing or managing the transactions. However, unlike bitcoin, Litecoin processes a block of the ledger every 2.5 minutes as opposed to the just a little less than 10 minutes that bitcoin takes to produce a block – in essence, this implies that Litecoin confirms transactions faster than bitcoin and this great for gamblers who prefer to have their transactions to be processed as quickly as possible.

Litecoin also utilizes a memory-based algorithm which implies that there is more memory in the Litecoin system than there is in the bitcoin system. With all these goodies that are offered by the Litecoin technology, there is bound to be a catch which, in this case, happens to be that the faster and larger memory that the digital currency boasts of are much more expensive to operate.

Even so, Litecoin has managed to offer a plethora of exclusive features that have kept users streaming in for the same. Not only did the digital currency adapt very well to new technologies, but it also introduced such features as transaction canceling which is something that other cryptocurrencies are lacking. Furthermore, player safety and security are always guaranteed but as always this may depend on whether you are playing at a reputable and recommended online gaming platform that accepts Litecoin as a form of payment.

bitcasino

Bitcasino.io Launches New and Improved Crypto Casino Site

Coingaming Group-operated leading licensed bitcoin (BTC) casino, Bitcasino.io has relaunched its gaming platform with a ton of improvements that are designed to offer players the fastest and the most user-friendly casino experience in the market. In fact, the company claims that its new and improved site offers load speeds of up to eight times what its competition has to offer – the new mobile-first site loads in just two seconds, something that the new generation of tech-savvy players will certainly appreciate especially because such load speeds were unheard of in the online casino gaming scene.

Crypto-powered casinos are becoming more and more popular which makes the market even more competitive than it was just a little over two years ago. As such, it is great to see that many of the companies are investing in delivering exceptional gaming experiences to their customers. Bitcasino.io’s efforts, in this regard, is definitely going to have a huge impact on the industry.

Putting the Player First

Bitcasino.io’s has a customer-centered philosophy and this is what drove the company to dedicate a whole two months into creating one of the most advanced mobile-first and user-friendly gaming products in the industry.

“Our players wanted a faster loading site, with personalization and a wide range of search parameters at the heart of the offering. We listen closely to every element of feedback we receive and have delivered on our promises with an exceptional product,” Tauri Tiitsaar, Head of Casino at Bitcasino.io, commented.

Some of the new features that customers of the platform can look forward to include a number of options that will allow for more personalized gaming experiences. These include a decent number of configurable search filters, easy-to-use wallet options as well as wide range of revamped promotions designed to keep the players engaged and convince them to make the fast, fair and secure platform their go-to online gaming zone.

Still, on the customer-centric design of the casino, Bitcasino.io also incorporates machine learning into the revamped platform. With this feature, players will be offered games that align with their precise personal preferences. Furthermore, players will find it much easier to search for their favorite games based on the names, types, themes and even the game providers.

The new and improved site includes many other revamped features that will be implemented gradually due to the need for player feedback. However, in addition to the ones mentioned above, one of the improvements that players can look forward to in the coming weeks is the enhanced search feature that will allow them to look for games based on Return to Player (RTP) percentage, volatility, and hit frequency.

BTCXE Also in the Mix

For players who are new to crypto, Bitcasino.io has included BTCXE, the new and sizzling currency converter that turns fiat currency to bitcoin (BTC). This gives players an additional level of control and will be available on all supported devices including desktop computers, laptops, and handheld devices. Bitcasino.io has always been trying to stay ahead of its competitors and this just happens to be one of the innovative ways that they are doing it.

whirl

WHIRL Debuts Karma Driven Blockchain Crowdfunding Platform

Over the past couple of years, some of the most mind-blowing innovations have been those that are related to crypto and blockchain technology, both of which are still are making waves in a number of different sectors. One of the latest and most polished developments is the launch of WHIRL, a socially driven crowdfunding platform that operates on the blockchain. Created by an all-star team of accomplished crowdfunding veterans, blockchain gurus, and non-profit experts, the platform will give the world a new way of financing dreams and obligations, while simultaneously introducing a truly revolutionary incentive system that is designed to encourage giving. It is also expected to significantly maximize campaign success.

WHIRL, which is currently powered by a team of 20, launches following years of research and after one and half years of development – this involved, among other things, legal vetting of the platform as the global market’s very first credible blockchain-powered consumer crowdfunding platform.

How It Works

According to the WHIRL team, the platform can be used to finance almost anything, albeit within reason. These may range from personal goals to medical bills, business ventures, and even scientific endeavors. In essence, WHIRL gives individuals, groups or organizations the ability to fund any relevant venture by simply being charitable as opposed to having them take out loans or begging for handouts.

As mentioned earlier, WHIRL is backed by the blockchain which means that it is open to everyone on the planet. The platform also guarantees an exceptional 100 percent success rate to all of the projects that are listed under its campaign – this is to be achieved using a fair and transparent queue system which limits the number that each campaign has listed at any given time. Only those that have a history of contribution on the platform are allowed to create fundraising projects.

WHIRL’s blockchain is powered by WRL tokens that are further supported by the concept of Karma, a reward system that supports the giving economy within the platform. Karma points are issued to contributors with every dollar spent on another person’s campaign earning the contributor between 7 and 20 Karma points. Moreover, in order to launch one’s own crowdfunding campaign, a threshold number of Karma points as to be attained with the size and duration of any given campaign being determined by the number of Karma points accumulated.

Reshaping Crowdfunding

Over the last decade or so, crowdfunding has stagnated significantly primarily due to fraud, oversaturation as well as very frustrating declining success rates. Keeping this in mind, WHIRL aims to solve all of these problems by simply having a limited number of campaigns running at any given time and incentivizing backers with its fair and a transparent Karma points system. This is essentially a classic embodiment of the saying “What goes around comes back around.”