Mosaic Network to Reward Researchers with Cryptocurrency

The new platform aims to provide research by the first quarter of this year to an industry struggling with misinformation and lack of quality analysis
15 February 2018   717

A group of academics and technology experts will soon launch a blockchain-powered network that will reward quality research with its own cryptocurrency called Mosaic. Mosaic, the decentralized network, aims to provide research by the first quarter of this year to an industry struggling with misinformation and lack of quality analysis, Garrick Hileman, the project’s co-founder and the chief executive officer told Reuters on Tuesday.

I’ve been involved in the blockchain research community since its genesis and the dearth of quality research available at a time of such explosive industry growth is alarming. We’re basically producers of high-quality research, information, and data and we come together in that marketplace with the consumers of that data. And for a variety of reasons, the token will help facilitate the interactions within the community on this network. 

 

Garrick Hileman

Co-founder and CEO, Mosaic project

The platform will reward researchers with native tokens when they contribute to the network, Mosaic said in a statement. The reward will depend on the quality of work submitted and the sentiment of network members to it. Accessing the research will cost Mosaic tokens.

For researchers or analysts to contribute to the Mosaic platform, they will have to disclose their personal and professional affiliations with crypto asset holdings so that research is not fueled by personal gain.

The group is selling its own digital currency privately before launching the platform. Hileman said the Mosaic team has not decided on the amount to be raised from the token offering.

Aside from Hileman who is also a cryptocurrency researcher at the University of Cambridge in the United Kingdom, Mosaic was co-founded by Alex Bradford, a graduate of Harvard Business School and former analyst for both Goldman Sachs and McKinsey & Co.

Poloniex to Suspend Operations for Few Hours

Representatives of the exchange say users' funds will be completely safe during maintenance
21 February 2019   55

The cryptocurrency exchange Poloniex has announced maintenance, which will begin on February 22 at 22 UTC. The trading platform will be unavailable for several hours.

Representatives of the exchange claim that the users' funds will be completely safe. Technical work associated with the modernization and transition "to the best data centers, which will increase the reliability of the platform and increase uptime."

Also in Poloniex noted that the trade orders of users will not be canceled.

Recall, recently Poloniex has added to the listing of privacy-oriented cryptocurrency Grin.