Litecoin project by MIT

World famous institute announced mysterious cryptocurrency project
22 June 2017   6369
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks.

Whole cryptocurrency community is exited due to a new project, developed by Massachusetts Institute of Technology. It still remains unclear exactly what this project will be about. It is only known that this project will be released on 1th of August. It will be very interesting to see what MIT is going to launch.

Many people were very surprised to find this mysterious webpage under MIT domain. It is clear now that new project will be Litecoin related. Even the creator of Litecoin, Charle Lee, has no idea about this project.

Litecoin

Features faster transaction confirmation times and improved storage efficiency than the leading math-based currency

 

What's this secret project? 

According to Charlie's opinion, it is related to MIT's DCI Lit lightning network. It is nice to see that such old and serious institute is interested in cryptocurrency and especially Litecoin.

Also, date is chosen wisely, 1st August is Bitcoin UASF activation date. The nearest future will be very interesting for whole mining community. 

Old Korean Social Network to Close After Tokensale

Cyworld platform started operating back in 1999 and it conducted an IEO at CoinZest this year
14 October 2019   49

Investors who acquired the clink cryptocurrency issued by the South Korean social network Cyworld are worried about the status of their investments due to the company's sudden closure, reports Korea Times. Some of them are ready to go to court.

The Cyworld platform was launched in 1999 and was especially popular among the country's population until the mid-2000s. The company, however, failed to see the trend towards the development of mobile solutions on time and as a result lost its position in the market. On October 1, it closed her platform without posting any warnings to users.

At the same time, the Clink site was unavailable, and Cyworld management continues to ignore the numerous requests of investors. The Korean exchanges CoinZest and BitSonic, where Clink is still being traded, are considering delisting the asset. Industry officials say Clink's investor losses will be at least 1 billion won ($ 845,000).

Clink's primary distribution was through IEO through the CoinZest platform earlier this year and, according to the Korea Times, it was the company's attempt to bring a fading social network back to life. A total of 24 million Clink tokens were sold for a total of 480 million won ($ 400,000).

In the second half of 2019, employees who have not received salaries since the end of 2018 began to leave the company en masse. Since the start of trading, the Clink price has fallen from 26 won to 0.19 won. According to the Coingecko portal, Clink's current capitalization and revolving volume are unknown, while the marginal issue volume is 10 billion units.