Busan’s Largest South Korean Telecom Company Issues Local Currency based blockchain.

South Korea’s largest telecommunications company, KT, has just announced. The launch of local blockchain-based currency for one of the largest cities in the country, officially going live on Dec. 30. Local news outlet dongA announced on Dec. 19, Dongbaekjeon is a local card-type blockchain-based currency launched by Busan City. To revitalize the local economy of Busan and ease the small business management burden. Several ways to access the currency were listed by the media outlet. Including a mobile app from Dongbaekjeon, a bank named Hana and Busan Bank. Also, the article noted that participants may use the “with a credit card terminal at any store in Busan”. Although availability is stated to be less popular among larger retailers in an effort to…

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Venture Capital Funds Ethereum’s MakerDAO (MKR).

On December 19 a blog post reveals the company that is behind much of the production of the MakerDAO Ethereum program has announced that venture capital firms Dragonfly Capital Partners and Paradigm have purchased MKR worth $27.5 million, around 5.5 percent of the overall MKR supply These expenditures were reportedly intended to help Maker’s attempts to improve the usage of MakerDAO’s native cryptocurrency DAI in Asia. “Dai continues to be the stablecoin of choice in all global markets for its decentralization and overall stability… The support and expertise of Dragonfly…

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Need to know about Nano?

Nano defines itself as an open-source, decentralized and stable digital currency of the next generation based on removing perceived inefficiencies in existing cryptocurrencies. Designed to solve peer-to-peer value transfer, Nano seeks to revolutionize the global economy through a network that is open and accessible to all. Because of the Block Lattice, Nano is allegedly able to offer fast and emotional transactions-a data system in which each account has its own blockchain, rather than competing with others on a central chain. The consensus is created by representative voting, where accounts can…

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Bitcoin SV : A Guide For Beginner

What is Bitcoin SV? Bitcoin Satoshi Vision (BSV) is the original Bitcoin (otherwise referred to as Bitcoin SV). It restores the original protocol and was created out of the hard fork of Bitcoin Cash (BCH). (actually, it was introduced a little bit prior to the fork – in August 2018). On November 15th, the blockchain has officially split into two competing coins – Bitcoin ABC (Adjustable Blocksize Cap) and Bitcoin SV (Satoshi Vision). The latter cryptocurrency aims to bring back the values and technology of the original Bitcoin – decentralisation,…

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