Tag Archives: economy

NEO – Smart Economy of the Future!

What is NEO?

NEO is a non-profit network driven blockchain venture. It uses blockchain technology and digital Identity to digitize resources and automate the administration of digital resources using smart contracts. Utilizing a distributed system, it aims to make a “Smart Economy.”NEO was established in 2014 and was publicly released on GitHub in June 2015. NEO trusts that network advancement is its top priority. NEO has an extensive developer network throughout the world, for example, CoZ, NEL, and NeoResearch, who persistently add to NEO development. A vast number of network individuals are active on Reddit, Discord, Github and Twitter. Continue reading NEO – Smart Economy of the Future!

The True Potential Of A NEO Smart Economy

Consider buying a house. Across the world, the process of purchasing real estate is somewhat similar. You hire an agent who shows you properties, negotiates with the owner, the owner arranges for paperwork for the property, you pay the broker commission, you prepare all the paperwork to get a mortgage, you sign the deed, and finally get the keys. Continue reading The True Potential Of A NEO Smart Economy

Bitcoin Does Not Threaten Global Economy According To FSB

Bitcoin and other cryptocurrencies do not pose a threat to the world economy, but should be monitored as the market “continues to evolve rapidly.” That’s the assessment of the Financial Stability Board (FSB), an international body that monitors the global economy. Continue reading Bitcoin Does Not Threaten Global Economy According To FSB

Cryptocurrencies Will Create An Entirely New Economy

Riggs Eckelberry is the CEO of OriginClear, a company which provides water treatment solutions, and Chairman of WaterChain, a token project which works to crowdsource water funding in an effort to alleviate suffering as a result of the ongoing global water crisis, which isn’t scheduled to get any better as populations increase. Continue reading Cryptocurrencies Will Create An Entirely New Economy

Dark Web Users Ditch Bitcoin for Litecoin Due to Costly, Slow Transactions

The analysis found that since 2017, bitcoin payments have become economically infeasible due to a tenfold increase in transaction cost that can account for as much as 30% of smaller payment amounts. The slowness of transactions was also cited.
One Russian dark web user released a statement advising vendors they had to find an alternative to bitcoin to keep his business. The average transactions in the underground economy begin at between $50 and $300. Speed of payment is important on the dark web, as delays increase the risk of being cheated. The prospect of having to wait up to 24 hours to confirm transactions, along with high payment fees, has rendered bitcoin payments unusable for many dark web users.

Reference: https://www.ccn.com/dark-web-users-favoring-litecoin-due-to-bitcoins-costly-slow-transactions/