Altcoin Report: Europecoin Is Back in Action
GameCredits gets bigger than ever, privacy issues surface surround Monero, and an intimate look at Europecoin. Welcome to our second altcoin report! Read on to get the latest news.
London-based cryptocurrency platform GameCredits is not even two years old, but it’s making a massive name for itself with help from China. This country now lists it on Yuanbao, one of its largest digital currency exchanges. The company has been around since 2013 and boasts over 200,000 clients.
GameCredits is often touted as currency developed by gamers for gamers. Developers work to utilize the currency for “inclusion in mainstream games,” which are enjoyed by over 15 million registered gamers annually.
CMO Jon Comer expressed enthusiasm over the move, saying:
“For us, this is the ideal partnership at the perfect time. Being able to develop a relationship with Yuanbao in advance of our plans for the Chinese gaming industry is something we felt was very necessary.”
Monero is an altcoin slated as being so private, it has become the “mainstream” currency for drug-sellers on the dark net. Monero received widespread publicity on September 1, 216, when online drug haven AlphaBay announced it would support the coin’s usage on its platform, and its reputation continues to garner more users.
However, it appears Monero has experienced privacy issues in the past. Security firm MWR for example recently came across an “open wound” in Monero that made it vulnerable to thieves looking to steal it from third-party wallets.
Hackers must “fool a Monero user into visiting a web page to initiate the attack,” the firm reported. From there, a theft could easily occur. The vulnerability has since been repaired, but users are warned to keep an eye out for anything that may appear suspicious.
Developed in 2014, Europecoin did not have a successful first run among cryptocurrency advocates. The currency eventually disappeared into the mist, but has since been salvaged by developer Matthias Klees, who hopes to build it into something massive.
Eight months went by of retaining all the original coins. A new web-wallet was built to house them, and Europecoin has since garnered an impressive reputation thanks to its lasting independence from miners.
The team behind its success has grown tremendously, and Klees now looks to enforce Europecoin in areas like Belgium in the hope its blockchain-based abilities will influence political activity.
Know of any good altcoins that we should cover in our reports? Post your comments below!
Images courtesy of Quartz, bitcointalk.org