BlockCAT: smart contracts for everyone

An overview of BlockCAT platform and how it will bring smart contracts to the masses 
24 August 2017   1762

A big problem with Ethereum smart contracts is that they hold all of this power, but it's completely inaccessible to an everyday user: you have to have both the programming know-how and the skills in order to actually make anything happen.

That's why there's BlockCAT - a platform aiming to bring smart contracts to the masses.

What we're trying to do essentially is to try and put this power in the hands of the everyday user, where we will write the contracts on their behalf and then they will be able to use it just with a few clicks of like a web interface instead.
 

Eric Huang
CEO of BlockCAT

As reported, BlockCAT lets anyone "create, manage, and deploy smart contracts on the Ethereum blockchain with just a few clicks. No programming required".

The team has just successfully finished its ICO and now there're preparations being made in order to add BlockCAT tokens to the exchanges' lists. For now, CAT tokens are listed on EtherDelta.

As for the others exchanges, the company prefers not to disclose the details before the deal is made:

As for the future plans, one of the most requested feature is the possibility to use BlockCAT to run your own ICO. Thus, according to the company, it’s something they’re looking into regarding legality and technicality. The feature is possible, but not yet confirmed. 

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   143

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.