MultiChain 1.0 released

An open source platform for blockchain applications beta-version released
03 August 2017   735
Blockchain

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

The developer of the open source platform for the creation of private blockchains, Coin Sciences Company, announces the launch of a modified version of Bitcoin's software  for enterprise use. 

Bitcoin

Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

As well as MultiChain 1.0 now is into production, the company also unveils the addition of 14 new members to the MultiChain Partner Program, among which are Cognizant, Indra Sistemas, Aicumen, Bambusoft, Chainfrog, CrimsonLogic, Encrypgen, Hypatia Technologies, Maroon Studios, Medici Ventures, Project Radium, SolarLab, The Apollo Group and Tilkal.

Now, after 2.5 eyars of the development, MultiChain 1.0 is available for download for Linux, Windows and Mac. According to the data provided, since its first alpha release in June 2015, MultiChain has received over 60,000 downloads, more than half of which were during 2017.

We’re delighted to have reached this milestone. Developing the first production release of MultiChain has been an immense challenge, and we’ve learned a great deal about our users and their requirements along the way. Work has already begun on MultiChain 2.0, which will be the first version of MultiChain to come in two editions – Community (open source) and Enterprise (commercial). 
 

Dr Gideon Greenspan
CEO and Founder of Coin Sciences Ltd

The MultiChain Partner Program has now been split into two tracks – Platform Partners who develop applications for third parties on the MultiChain platform, and Product Partners who are using MultiChain in their own proprietary solutions. 

Apart from that, the company is already hard at work developing MultiChain 2.0 and hope to have a first preview release available before the end of the year.

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   132

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.