Cryptocurrencies for beginners: Part 2

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UnikoinGold is a cryptocurrency token created by Unikrn, Inc. It is a decentralized, freely-tradeable digital token based on Ethereum blockchain and its ERC20 smart contract token standard.

It was released worldwide on 6 Novemberfollowing a month-long token sale that ended on 22 October The token sale lasted from 22 September until 22 October Prospective buyers could pledge their Ethereum and would receive UnikoinGold in return after end of the sale.

Coins can no longer be bought from Unikrn, but they can be earned through their platform by playing games and trading of in-game skins. The company has also launched its own internal wallet that will facilitate the use of UnikoinGold on its esports platform. The platform has an internal ledger that will reduce transaction costs between internal wallets. UnikoinGold is based on underlying technology of Ethereum.

It is a token based on smart contracts, and follows the ERC20 token standard. The total amount of UnikoinGold has been defined in advance, and all transactions between wallets are recorded on top of the Ethereum blockchain, which also guarantees the security of the transactions. The tokens are sent and received from addressed that belong to Ethereum wallets. Whomever has the private key to the address is considered the owner and can spend the coins that belong to the address.

Transactions and wallet amounts cannot be reversed since the transactions are part of the Ethereum blockchain. The tokens will be used for betting in jurisdictions where allowed, and as well as to send rewards to players and esports participants. From Wikipedia, the free encyclopedia. UnikoinGold UnikoinGold official logo. Ethereum Ethereum Classic KodakCoin. Dogecoin Gulden Litecoin PotCoin. Dash Decred Primecoin Auroracoin. Proof-of-authority Proof-of-space Proof-of-stake Proof-of-work system.

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