Infinity Economics to Launch Escrow Service

The Escrow Service will be implemented approximately on April 28, 2018 as of block 685.560
02 April 2018   478

The Infinity Economics Platform states to be a community project since its inception, as the decision-making power rests with all community members. The platform uses Elliptic Curve Cryptography (ECC) and SHA256 hashing algorithms to provide a balance between security and performance.

At the end of March Infinity Economics has published core update with a roadmap, according to which the Escrow Service will be implemented approximately on April 28, 2018 so as of block 685.560. The Escrow Service enables secure payments by retaining the buyer’s coins until the terms of the sale are met and the buyer releases the payment to the seller. In most cases that should eliminate disputes, and no further measures by third parties would be required.

Infinity Economics roadmapInfinity Economics Roadmap

Moreover, Infinity Economics plans to launch Smart Contracs by May 5 respectively at the time of block 695.640 release. Smart contracts will automatically fulfil the conditions of a contract according to a predetermined procedure (if-then-else-logic), and they will be deployed on the Infinity Economics blockchain, having the potential to enable use of the Internet of things to the mass market.

At the moment of press, these are main market parameters of Infinity Economics:

Average price: $0,012691
24h volume: $164 046

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   137

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


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.