[ANN][ICO][CDRT] CREDEROOM - a digital era fintech company - ICO Campaign

[Dmitrij91]

The price at which tokens will be released to exchanges depends on many very important factors like, for example, the rate of ETH at the moment of listing, total amount of tokens sold during ICO, potential volume of trades in the exchanges where the tokens will be listed, etc. At this moment it is hard to predict release price, but we will be aimed at the price to be not less than the ICO price with maximum possible bonus. At this moment we are not able to answer this question more exactly, as the ICO ends in more than two months and it is hard to predict how cryptocurrency market will look in the beginning of April.

[Elven_King]

However, the group discussing the algorithm change are afraid of “de facto control” by a great majority of the network hashrate. The group has pushed the conversation further by creating a website, and a Twitter handle to promote the idea.

[Elven_King]

A call for research, testing, and finally implementation of a decentralization-friendly algorithm for Bitcoin’s proof-of-work,” explains the BTC PoW Initiative website.

[Elven_King]

The price at which tokens will be released to exchanges depends on many very important factors like, for example, the rate of ETH at the moment of listing, total amount of tokens sold during ICO, potential volume of trades in the exchanges where the tokens will be listed, etc. At this moment it is hard to predict release price, but we will be aimed at the price to be not less than the ICO price with maximum possible bonus. At this moment we are not able to answer this question more exactly, as the ICO ends in more than two months and it is hard to predict how cryptocurrency market will look in the beginning of April.

Bitcoin has been unable to implement a scaling solution due to greedy miners who want to keep fees high and who even mine empty blocks, not caring that it increases network congestion.

[Elven_King]

Changing the proof-of-work will fire the current crop of miners and open the door for quickly and easily scaling the network

[Elven_King]

As always, it is difficult to make any predictions. However, it seems quite likely that Ethereum Classic will profit significantly from the upcoming problems of its big brother

Almost immediately the community began yet another heated debate concerning this idea.

[Elven_King]

A Bitfury employee, George Kikvadze, spoke against the PoW change rather sternly even saying some bitcoin community members could threaten those responsible with legal action.

[Elven_King]

Discussions (or even speculation) of a PoW change is super irresponsible! And even in the remote 0.01 percent chance it may happen — Those responsible, we will spare no resources, get best lawyers and prosecutors to go after you wherever you will be in the world

[Elven_King]

Bitcoin has become a multi-billion industry, with great financial investment and societal responsibility. We will protect this at all cost

[Elven_King]

With some miners threatening 51% attacks against Bitcoin, researching a PoW change is a good backup plan

[Elven_King]

However following this statement Todd details that changing the PoW consensus mechanism is risky.

[Dmitrij91]

However following this statement Todd details that changing the PoW consensus mechanism is risky.

Lots of Bitcoin proponents across the web completely opposed the idea of a PoW change, while others thought the idea should be explored, and some explained the concept should truly be a last minute resort.

[Dmitrij91]

With some miners threatening 51% attacks against Bitcoin, researching a PoW change is a good backup plan

Much less controversial than block size increases — In any case, there is no client software being promoted here, merely consensus-building.

[Dmitrij91]

It’s clear from the many conversations across cryptocurrency forums and social media that a PoW algorithm change is a pretty touchy subject. Whether or not discussions like these go further and see actual development remains to be seen.

[Dmitrij91]

Do you think the current PoW algorithm is a foundation that never should be changed? Let us know in the comments below.

[Dmitrij91]

Those rules allow the Ethereum network to be programmed to complete certain types of computing tasks, with every computer on the network completing the task in parallel to ensure it is done correctly. Generally the tasks involve money.

[Dmitrij91]

People have also decided to buy and hold Ether, betting that it will become more valuable as more people want to use the network and need Ether to pay for the network’s computing power.

[Elven_King]

People have also decided to buy and hold Ether, betting that it will become more valuable as more people want to use the network and need Ether to pay for the network’s computing power.

What does Ethereum have to do with Bitcoin?

[Elven_King]

People have also decided to buy and hold Ether, betting that it will become more valuable as more people want to use the network and need Ether to pay for the network’s computing power.

The Ethereum network has its own virtual currency, Ether. In the simplest sense, Ether are needed to pay the other computers on the network to complete tasks. It isn’t free to use the network.

[Elven_King]

People have also decided to buy and hold Ether, betting that it will become more valuable as more people want to use the network and need Ether to pay for the network’s computing power.