Back in time: What was the world’s first Aldon and that it eventually became

Deal with the first alithinou, which exists since April 2011. No, it’s not Litecoin, Peercoin and not even the Dash.

It is hard to imagine a time when the ratings of the cryptocurrency wasn’t full of huge number of various altcoins. Then the term “shidoin” had not yet been invented, and the index of dominance of Bitcoin did not exist, since “dominate” it was nothing. Travel in 2010 and will witness all these events. However soon the situation has changed dramatically.

The first of the first

The second bitcoin is not Litecoin, Peercoin or Dash. At the dawn of the history of the market there is now a dead project Namecoin. Its first mention is found in a post on Bitcointalk on 18 April 2011. Description of the coins differed significantly from withpaper Bitcoin.

Namecoin is a naming system based on Bitcoin with some modifications. This is a new blockchain, separate from the existing block chain BTC. Pair name/value is stored in the blockchain and lose its shelf life after 12 000 units.

It is noteworthy that the mastermind Namecoin was himself Satoshi Nakamoto, though he did not take participation in the development of the project. Four months before the first Aldona Nakamoto voiced an interesting idea in the thread titled “BitDNS and everything to do with Bitcoin”.

While you are generating bitcoins, why not get free domain names for the same job? If you get 50 BTC in a week, you could get a few names.

Moreover, a decentralized system of registration of domain names could be useful when creating the Bitcoin. In 2008, Satoshi was a real difficulty with the purchase bitcoin.org. Since then there was no more anonymous currency, Nakamoto used the services of the portal anonymouspeech.com that allows you to pay with gift cards.

What happened to Namecoin

Today it is a dead project, though coins NMC is still traded on Poloniex and Livecoin. During its seven-year history Namecoin has experienced a lot of UPS and downs. In November 2013 took place the pump NMC, which resulted in the cryptocurrency soared to 15.41 USD. On the wave of nostalgia Namecoin even rose to 8.64 dollar in January this year.

Today 24-hour volume of Namecoin does not exceed 15 thousand dollars, and the system of issuing names no longer operational. However, to consider the project a complete failure is not necessary. Rather, quite the contrary.

It Namecoin started what is now considered a truism in the stock market. This project has shown that the decentralization can be implemented not only in Bitcoin. However, so far only Bitcoin remains the “king of market” and the most advantageous investment in the industry.

Today, NMC is trading at 64 cents per coin, which is 16 percent higher than yesterday. The daily trading volume equivalent to 38 thousand dollars.

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France opens the world’s first “Blockchain-accelerator”

As it became known on Monday, June 18, the French authorities have given permission and supported the world’s first blockchain-accelerator called Accelerator Chain.

Chain Accelerator, a collaborative project that brings together about thirty of the cryptocurrency and financial institutions and professionals, which aims to become a mentor for international startups on the blockchain.

Among the list of participants blockchain accelerator: CEO of Gatecoin Aurelien menant and the head of digital innovation, HSBC, Diana Biggs, and former CEO of SWIFT Leonard shrank.

This step was taken against the background of increasing friendliness of the French authorities in relation to cryptocurrency innovation that arose after the Finance Minister Bruno Le Mayor said that France “should not stay out of the blockchain revolution.”

“At a time when the President and the government want to turn Paris into the capital of ICO, the Accelerator Chain has positioned itself as a key player in this process,” said Nicolas Cantu, co-founder of the Accelerator Chain, in comments quoted by different sources.

“In France, as elsewhere in the world, the blockchain projects face uncertainty and with many financial, legal and technical difficulties.However, this technology will revolutionize our daily lives, ” added the member of the French national Assembly, Pierre Lee. Today, it is important to have the legislative framework to ensure full development of both technology and structure that allows you to create such projects. Our country must become a leader in the blockchain”.

Accelerator Chain will be the so-called “incubator” for blockchain projects. It will help them in carrying out ICO, fundraising, marketing, development of the technical part, the development of new concepts and technologies. Accelerator Chain already described as “the biggest” stairway campus in the world.

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Coinmint the company plans to launch the world’s largest mining centre

American mining company Coinmint confirmed the opening of the world’s largest mining centre, with production capacity of 435 MW, which will be located in the state of new York.

Coinmint invests “up to $ 700 million” into the project by the end of 2019, the company will need to convert smelter Alcoa East Facility, with an area of 1300 acres.

All actions will be conducted in the newly established subsidiary corporations, North Country Data Center, which started this week.

“As long as there is Bitcoin, we expect mining a good profit”, — says technical Director Coinmint.

In 2018 there were enough attempts to use the infrastructure in an area with cheap electricity to create mining-farms.

But many are faced with the local authorities, and plans to reside in neighboring Quebec, a harsh criticism in regards to the effect of mining on the local economy.

“If you want to come here, plug in your servers and start mine Bitcoin, we don’t really care,”— said in March Prime Minister of the region Philippe Kuyar.

For politicians in Massena, the city nearest to the Alcoa plant, the project Coinmint, on the contrary, the benefit for the local labor force because it promises to create an additional 150 jobs.

“The thought of 150 jobs and the reincarnation of the Alcoa East Facility interesting and that’s what we’re here for,” he said in an interview with the mayor Steve O Shaughnessy.

Coinmint has already signed a leasing agreement for 10 years with possibility of extension.

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LMAX Exchange Group announced the launch of the world’s first cryptocurrency exchange for institutional investors

LMAX Exchange Group company of financial technologies and owner of LMAX Exchange, the leading trading platforms for FX, indices and metals, may 21 announced the launch of the first cryptocurrency exchanges to institutional investors.

The exchanger is called LMAX Digital and will allow institutional investors to trade five different cryptocurrencies.

The opening of the new exchange this kind of sounds like music to the ears of the industry, who have long tried to achieve a balance of legitimacy. With so many clever exchanges and shadow ICO, open cryptocurrency exchanges which are exclusively institutional, will provide a long-awaited seal of approval of financial regulators.

Commenting on his decision to open a new Bourse, CEO of LMAX Exchange, David Mercer (David Mercer) said:

“The growth of institutional trading digital currencies will be the force that will change the rules of the game. We believe that our new exchange will enable transformation of the cryptocurrency market to the level of the financial mainstream.”

As already mentioned, users of Digital LMAX will initially be able to trade just five different cryptocurrencies: Bitcoin (BTC), Bcash (BCH), Litecoin (LTC), Ethereum (ETH) and Ripple (XRP). These coins were chosen since they are considered as the most famous cryptocurrency and more importantly, provide the highest level of liquidity.

New exchange already works but some time its activities will be limited to the London datacenter LMAX. This will change in the coming months, as the firm plans to open offices LMAX Digital in Tokyo and new York.

LMAX Digital, besides the fact that is the only cryptocurrency exchange to institutional investors on its platform offers other advantages for traders. For example, the firm provides one public set of rules for all participants, a complete solution for storage and safe wallets with multiple signatures.

The opening of this LMAX exchange is committed to continue its growth. As the Financial Magnates, in the past year, the firm finished the year with a record profit of 34.4 million U.S. dollars.

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