Mining Cryptocurrency in India as a Tool Against National Poverty 45

Mining Cryptocurrency in India as a Tool Against National Poverty

It’s not a secret for anyone that some of the poorest people in the world live in India. However, soon this extremely terrible situation can be changed by the mining of the world’s cryptocurrency #1 – Bitcoin currency.

How is BTC mining relevant for India?

There is a community of Dalits in India, where more than 200 million people belong to different castes, which are collectively called “untouchables”. This community occupies the lowest position in the caste hierarchy of the country. To the great misfortune of India, untouchables make up 16 to 17% of the total population, which are not counted in the system of four varnas, because in the opinion of the upper classes they desecrate higher castes, including the brahmanas.

All this is the cause of great discrimination and the exclusion of Dalits, although experts say that the state of the economy in India is recognized as rapidly growing. Analysts say that the country will seriously compete with China in the nomination for a global economic superpower by 2050.

Members of the untouchables are discriminated from a small age. For example, in 79% of educational establishments in Madhya Pradesh  Dalit children are forbidden to eat or even touch a day’s meal, in 35% of schools Dalit children are seated separately and in 28% of schools such students are provided with separate dishes.

It would seem that the problem of detachment is already impossible to solve, because it was formed and developed for more than a decade, and it seems unreal to provide the Dalits with the benefits from the state economy. However, the untouchables found a way out. The Indian Chamber of Commerce of the Dalits united its efforts with the Mahabfic platform, which works on blockchain technologies to launch training sessions in 30 Indian cities.

How are the Dalits going to enter the cryptocurrency world?

It will do this through a training program that tells young people everything about local Bitcoin, other world-known cryptocurrencies, blockchain technology, mining, Bitcoin wallets, buying and selling Bitcoin, cryptocurrency news, and business activities in the field of cryptocurrency. The trainings themselves are aimed at providing an opportunity for young generations who previously did not know anything and did not see anything other than rural activities, independently choose the direction by which they will improve the quality of their own lives.

What is the impact of the training program?

At the moment, this program is “the most ambitious program in the world for training cryptocurrency mining,” the Policy Times notes. The founder and representative of the Dalit Chamber of Commerce, Shri Milind Kamble, explains that the training is aimed at “empowering the rural population, especially young people from the farm community, to earn income in their hometown or village, which will create new economic development in these areas.”

“The new technology blockchain is the future of the technological development, and cryptocurrency mining is a prerequisite for the platform,” he added.

The attitude of the authorities towards the innovative education of the poor

Despite the effectiveness of this type of tool for improving the lives of the poorer part of the country’s population, the authorities are still negatively opposed to the spread of the digital currency and refuse to give Bitcoin legal status. However, this actually does not change anything, since the new program does not fall under the jurisdiction of India, which allows the Dalits to keep studying the new source of income.

After the successful launch of the program, many people are amazed at its success and effectiveness, but do not lose sight of the fact that it can be “strangled” by the authorities, which will most likely not happen. In the meantime, experts and analysts are conducting research to determine how the influx of a large number of miners from India will affect the world rate of cryptocurrency.

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KEYRPTO: A Brand-New eBay in the World of Cryptocurrencies 125

KEYRPTO: A Brand-New eBay in the World of Cryptocurrencies

What is Keyrpto?

Have you ever regretted not investing in such a commerce giant as eBay while it was not as popular? Now you have one more chance to do it, and this chance is the project Keyrpto. Keyrpto is a breakthrough project which operates on blockchain and specializes in electronic commerce. It makes it possible for the smaller enterprises to put up their products and services for sale with the help of the leading cryptocurrencies. Keyrpto creates an intermediate exchanging products for cryptocurrency and vice versa with tiniest risk of scams. Being the third-party, it ensures the safety and transparency of transactions.

What are the advantages of Keyrpto?

  • The global market of cryptocurrencies will most likely reach $2 trillion by the end of 2018. But unfortunately, very few platforms (namely, Magento and WooCommerce) which provides exchange services for products and sryptocurrencies, that is why KEYRPTO was created to occupy this niche.
  • Currently the sphere of electronic commerce has a significant number of flaws and imperfections which need to be fixed. Blockchain can actually be an ideal solution for such an issue. In spite of many features of cryptocurrency payments, the market requires a trustworthy platform operating on blockchain which would combine all of those features, structuralize them and provide to the customers in the most accessible way.
  • Cutomers want to purchase products and services for their favorite cryptocurrency, while sellers want to sell their products and services securely avoiding all the possible risks connected with cryptocurrencies. Keyrpto can become a perfect place where the requirements of all parties will be met: buyers will get quick and easy transactions, sellers will be protected from losing their income.
  • Keyrpto has a progressive platform which creates all the necessary conditions for setting up online stores and selling goods. The platform is characterized by the unlimited amount of products and storage, special tools for detecting scams, multiple language interface, bonuses and gift cards, mobile commerce optimization, social media integration and other virtues.

The ICO details

Keyrpto has its own token called the KYT token. It will soon enter cryptocurrency exchanges. The KYT token can be spent within the platform for registration fees or products, which will provide a bonus for the user. The number of tokens are limited to 1 billion KYT. The total number of tokens for sale is 510 million KYT, and any unsold tokens will be destroyed. The soft cap is 3 million US dollars, while the hard cap reaches 5.1 million US dollars. 1 KYT token costs 1 cent. The intrinsic value of tokens will increase with time bringing more value to investors. Team tokens will be locked for 1 year. The tokens will be distributed in the following way: 51% will go for the token sale, 20% will go to the team, 10% will go to both marketing and operation, 5% will go for bounty and early investors and 4% will go to advisors.

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The Coin Shark does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions. The Coin Shark is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the article.

The Most Popular Games on Blockchain in 2018 114

The Most Popular Games on Blockchain in 2018

Have you noticed how fast the blockchain technology is conquering all the top segments? This innovation also did not bypass the video game industry. According to experts, this is one of the best symbiosis, since games on blockchain are not only cool, but also profitable.

At the moment, cyber-lovers do not have much, because the developers have not presented the world with as many games on blockchain so far as people would like. The Coin Shark will introduce the most popular blockchain games in 2018 to you.

1. HunterCoin

This game is the first gave on blockchain in history and currently the only autonomous and centralized one. It was released in 2014. The essence of the game is simple: you collect unmarked coins with the help of your own squad of hunters. As soon as they see the coin on the map, they take it and carry it to respawn. Simultaneously, other players, that is, enemy hunters, should prevent the coin from appearing in the wallet. The HunterCoin token operates inside the game.

2. Spells of Genesis

The release of the game was accompanied by a loud sensation. Spells of Genesis does not work on blockchain, like HunterCoin, but simply uses technology in the game process. The events in the game develop around the Moonga universe, where the enemy Sayosian empire – is located. The main goal is to overthrow the tyrant by collecting cards and building mines. Bitcrystals tokens operate inside the game. Android and iOS users can use the web version for free.

3. Beyond the Void

The strategy game has MOBA elements. Actions in Beyond the Void are developing in the future, where people found the “Cube”, which provides an opportunity to travel through galaxies. However, the “Cube” has a high cost, because of that people are forced to fight with each other. The game has its own ERC20 Nexium tokens, which provide access to additional resources.

4. Augmentors

This blockchain game with augmented reality has a lot in common with the well-known Pokemon Go application, as players need to create their own monsters, in Augmentors they are called Augmentors: semi-humans, cyborgs, god-characters and monsters. Now the game has 50 characters. The DataBit token is used as a means of payment inside Augmentors.

5. Bitcomon Go

The game application was released in July of 2017. The essence is quite simple: an account is created and various tasks are performed. Players receive tokens for the solution of these tasks. You can also receive the platform currency by inviting new users.

6. Yggdrasil

It is a slot game on the platform FairWin, which operates on blockchain. The main task in the game is to grow a tree. The game has levels, the tree changes appearance on each of them and opens new symbols for players. Currently, Yggdrasil is in the test phase. FWIN will be operating inside the game.

7. CryptoKitties

The game CryptoKitties is a real bomb of 2017, which has some similarities with the beloved Tamagotchi. In this game you need to buy a kitty, breed him or her with another cute little ball of fur, so that the kittens are born. Then the players can put them up for sale and receive cryptocurrency.

8. BitQuest

BitQuest is hard to call a game that works on the blockchain technology, but one can call it one of the popular ones. The game is a public server in Minecraft. The essence of the game is to kill monsters and get an “emerald”, which can also be obtained by exchanging for other items.

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