Cryptocurrency Is a New Abnormal Trend: Why and Who’s Next?

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Cryptocurrency is on top. It seems like everyone now needs to have their own cryptocurrency.

More and more companies and countries also create their own digital currencies. Sometimes it’s every unexpectedly.

Keep on reading Nexter to know more.

Kodak

Believe it or not, Kodak former giant of photography decided to return and announced its own cryptocurrency and a pivot into blockchain technology.

Kodak-branded mining rig called the KashMiner, which was showcased at this year’s CES.

Here’s how it works: Users pay $3,400 to rent the mining machine for two years.

Kodak claims the KashMiner will produce about $375 worth of new bitcoins every month, which would lead to estimated revenues roughly $9,000 over those two years.

But here’s the catch: You have to give back half your profits.

And others warn the $375 figure is exaggerated, as those bitcoin returns will diminish every month:

Kodak has now become a Bitcoin mining scam. Look closely, they are flat-out lying about the returns of their miners because they neglect to mention the small detail that the difficulty rises and the output drops! https://t.co/cAUtL0GD6N
— Saifedean Ammous (@saifedean) 10 січня 2018 р.

Chat app Line

Japan-based messaging app Line is about to move into the blockchain and cryptocurrencies, according to a Bloomberg report.

The company already began to offer a mobile payment service — Line Pay — and one of its staple features is a virtual currency.

You can use this crypto for purchases in its social games and to buy content on its platform, including its vast array of stickers.

Messaging app Telegram also wants its own cryptocurrency. The company plans to launch its own blockchain platform and native cryptocurrency that would be called gram.

Telegram aims to become a new, ‘third generation’ blockchain with superior capabilities.

According to the Telegram document, the project is called Telegram Open Network, or TON. It’s a multi-purpose blockchain-based protocol that competes with numerous other blockchain projects, and integrates with Telegram’s messaging app.

The newly formed cryptocurrency A total of 5 billion grams would be generated, with 44 percent of that sold during the ICO, 4 percent reserved for the Telegram team and the remaining 52 percent held as a network reserve.

The news of the upcoming ICO was first reported on by TechCrunch, which claims the ICO could happen as soon as March.

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Summary

Article Name

Cryptomania Is a New Trend: Kodak, Telegram, Who’s Next?

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Cryptocurrency is on top. It seems like everyone now needs to have their own cryptocurrency. More and more companies and countries also create their own digital currencies. Sometimes it’s every unexpectedly.

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