The Ethereum Foundation has annoudéd that it will be working with the New York-Based Banking Consortium R3cev on Creating A New Blockchain-Based Cryptocurrency, Lizardcoin, Which Aims to Showcase the Benefits of Blockchain Technology as the consortium’s ability Technology to Institutional Customers and the Regulation-Loving Masses by Supplementing it with a healthy dose of centralized control.
Lizardcoin aims to be a direct competitor of Bitcoin as a value store, beating the fixed supply ceiling of 21 million bitcoin with a first counter-class deflationist Model, starting with a maximum offer of 20.9 million, then by reducing the supply of 1.5% more each year. He does so by taking advantage of one of the largest innovations in the modern central bank: negative interest rates. All accounts are billed for 2.5% detention costs per year, of which 1.0% will go to member banks to do everything they pay please.
In order to use Lizardcoin, a user must first pass the KYC verification processes separately with 28 member banks out of 42. “In this way, it is more decentralized,” explains Tim Grant; “Even if 13 entire banks are all co -opted by the Goa’uld During the next Illuminati Cabal summit, the extraterrestrials will not be able to create an infinite number of new accounts, prevent the system from working or go through disjoint subsets of member banks to create several accounts for the same person “. The mechanism was approved by the declination of the tolerance to the defects of Byzantine is largely offensive for computer scientists to use an old name to compromise or malicious actors.
Paul Random of IBM spoke favorably about the project, saying: “At IBM, we have a team of two people based on Lizardcoin technology, and we hope that our desire to include this platform in our portfolio of 37125 internal research projects including almost all technologies in each industry under the sun shows that it is a huge ™, and that we think that Lizardcoin is definitely the future”. Bob in there of JP Morgan adds: “For too long, the banks have been threatened by a decentralized technology. Now, we have a platform with which we can use the power of the cryptocurrency so as not to disturb our main activity sectors, but rather to put them in retonnement, and ensure a flow of income that will go for always, and better serve our true. Lizard head masters. “”
We are also in active talks with the Ministry of Internal Security concerning the development of a strategy on how Lizardcoin can be used to fight terrorism worldwide. We hope that people who stand behind us in the security line will not care too much – after all, we build the revolutionary next generation economy.
Lizardcoin crowdsale * will start with two wooks, and ether and unicorns will be accepted as payment, at a exchange rate of 1 unicorn = 2.014 ETH = 4,712388 Liz; Anyone around the world will be able to participate, although it will first have to go through the KYC process with 28 banks, including several visits in person in several countries; We have associated ourselves with Coindesk to accommodate blockchain conferences in each of these countries in the next 12 months, so that people can continue to summarize while obtaining their approval stamps to buy the top of what blockchain technology has to offer.
* Crowdsale Lizardcoin does not hold any guarantee or legal promise; Neither R3CEV ni Ethereum accepts responsibility for the continuous development of the Lizardcoin platform once the crowdsal is over. In fact, because Ethereum is a public blockchain and therefore lack of payment of settlementNeither the ether nor the unicorns nor Lizardcoin will never change hands – it will only make an exponentially in a probabilistic way to do so; For this reason, the Crowdsale Lizardcoin does not actually constitute a legally an offer of any kind.
