ATB Coin proposed as an alternative to Venezuelan El Petro

ATB Coin developers offer the Government of Venezuela to use their coin as an official payment method
09 January 2018   517

Practically everyone by now have heard about the plans of Venezuela government to issue their own state-backed cryptocurrency El Petro. It will allow the country to reduce economical stagnation. But now there is an alternative, proposed by ATB Coin.

ATB coin creators proposed to implement their coin as a Venezuelan state cryptocurrency, thus eliminating several key hurdles along the way, such as lengthy development process, adoption delay by big exchanges and general populace. The transparency of working protocols, transaction security and speed, ability to work offline with codes for payment under “guaranteed check” principle – everything points to ATB Coin being a perfect alternative to, as of now, theoretical El Petro. Fast transactions will greatly help in real-world implementations and, of course, the public debt denominated in US dollars or Euros can be returned in a cryptocurrency that is not subject to inflation, which will greatly help the country's economical situation.

The latter is extremely important, since right now the country is in a lengthy spell of economical stagnation and suffers from increasing inflation. And ATB Coin project has significant experience in real sector of economy, not only working as a public fund transfer mechanism, but developing solutions for small and medium-sized businesses.

This announcement has already caused ATB Coin to more than double its price just in one day.  

Bitcoin Questions included into Dutch High School Exam

Bitcoin-themed mathematics questions have been cut-in in recent high school matriculation exams in the Netherlands
18 May 2018   99

About 200,000 Dutch students are to have taken the OVW exam, a obligatory test for students who wish to get tertiary education in the Netherlands. The testing list  included five bitcoin-themed questions.

Students were offered to solve five different mathematical problems. The questions asked that students “calculate in what year the amount of bitcoin exceeded 18 million,” “calculate from which year on the reward will be less than one bitcoin,” “determine the maximal amount of bitcoin that can be in circulation.” The resolution  of the issues was supposed to base on the formula used to employed to solve the questions.

Such kind of changes in testing for students is connected with the growing  recognition of cryptocurrency by the Holland’s institutions. In March, the Court of Amsterdam defined that bitcoin owns “properties of wealth” at the same time  adjudicating a civil rights occasion between an individual seeking repayment from an unfulfilled contract pertaining to bitcoin mining. The court ordered that “bitcoin represents a value and is transferable” and “thus shows characteristics of a property right. A claim for payment in Bitcoin is, therefore, to be regarded as a claim that qualifies for verification.”

Recently, Rob van Gijzel, the ambassador of the Dutch Blockchain Coalition, revealed a national blockchain research agenda, which had been accredited by the Dutch Ministry of Economic Affairs and Climate Policy. The ministry had established a designated committee, TopTeam ICT, appointed to analyze the potential legal, economic, and ethical implications of distributed ledger technology in the country.