BitCoin Braces For Rival LEOCoin
UK-based Learning Enterprises Organization (LEO) has
launched a completely anonymous digital currency LEOCoin to rival the industry
leader Bitcoin. The Bitcoin alternative launched in London on Wednesday will officially begin
trading on a Hong Kong-based, global LEOCoin exchange LEOxChange from
April 2. The coin will be recognized by other exchanges as well.
Dan Anderson, the co-founder of LEOCoin believes that the
new currency will have “greater usability and accessibility than other
cryptocurrencies.”
To promote wider usability, the organization has launched
wallets for different operating systems: Windows 32 bit Wallet,Windows 64 bit
Wallet, MAC OS Wallet, and Linux Wallet.
Interested parties can buy LEOCoins, mine them on a
computer, join a mining pool, or trade them. LEO has also rolled out a “merchant
program” for those willing to access the global LEO Marketplace.
The use of both Proof-of-Stake and Proof-of-Work validation
puts LEOcoin in the league of most secure digital currencies.
The organization has promoted the concept to its 131,176
clients thereby essentially making it the “second largest cryptocurrency” in the
world.
The launch of LEOCoin is a very risky gamble considering
that the same organization commissioned a survey of 1000 small- and medium
business owners which revealed that a huge 85% of the respondents are either
“not very likely” or “not at all likely” to accept cryptocurrencies like
Bitcoin, Litecoin, Dogecoin and others in the future.
The study conducted by YouGov also brought to light that
higher awareness has failed to push mainstream adoption of digital currencies.
With an awareness level of 86%, a mere 2% were ready to accept a digital
currency.
To this, Dan Anderson said that, “the industry needs to do
much more to establish its credibility.”
Let’s Be The Part Of Largest CryptoCurrency
