Legacy Bela closes the swap for ERC20 Bela

With the swap of Legacy Bela (the Phoenix Fork) for the new ERC20 Bela to provide a powerful infrastructure for Live Bella LLC, the procedure ends on May 31
23 May 2018   1262

After an unsuccessful attempt to adopt Litecoin 2017 source code (the Phoenix Fork), Bela is opting for ERC20 token. Belacam backbone desperately needed an update for the underlying chain. Bela really wanted to retain its own blockchain and gradually become a rapid payment coin with the true decentralization of PoW.

Legacy Bela blockchain was plagued with orphaned blocks, it was very hard to add to exchanges, was slow with upgrade implementation and lacked application compatibility. The new token will keep some of the original coin characteristics, but also a number of new features (applying PoS, for instance) with an incredible amount of new utility. The ratio was set at 1:1. The swap closes on May 31. The procedure is as follows:

  • provide ERC20 Bela receiving address;
  • send legacy Bela to a unique coin swap address;
  • get an equal amount of ERC20 Bela within 24 hours

The new ERC20 will be supported at the following exchanges:

At the moment of publication, Bela market indicators are as follows:

Average price 0.037617 USD
Volume (24H) 50,839 USD

Most Crypto-Optimists Live in Norway, Bitflyer Study

According to bitFlyer's poll on future of crypto, europeans believes cryptocurrency has future
24 April 2019   107

Most Europeans believe that in ten years digital currencies will continue to be in demand, but they do not have the same confidence about Bitcoin. This is reported by Cryptonews, citing a study of the bitFlyer.

10 thousand people from ten European countries took part in the online survey. Of these, 63% believe in a “bright future” cryptocurrency. However, not all Europeans are confident in the future of Bitcoin - only 55% believe that the first cryptocurrency will exist in ten years.

It is also noteworthy that, despite the fall in prices of most cryptocurrencies that lasted for almost a year, the majority of respondents positively assessed the prospects for the development of the market.

Most of the “crypto-optimists” turned out to live in Norway - 73% of the inhabitants of this Scandinavian country are convinced that a decade later, digital currencies will still be in society. This is followed by Italy (68%), the Netherlands and Poland close the top four (67% each).

The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time
The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time

But the exact form of cryptocurrency will exist, almost no one knows. Only 8% believe that they will become money, and 7% - a tool for investment or a means of preserving value.

The fact that Bitcoin is not generating as much support as other cryptocurrencies is in part a symptom of the market’s volatility, but is also a direct impact of the constant media attention that is associated to its volatility.

Andy Bryant

COO, bitFlyer Europe

He also added that the study demonstrated how much remains to be done to increase public awareness of the benefits and opportunities of cryptocurrencies.