By HM - MN.Investments content producer, Midas.Investments
Midas announces the listing of World Crypto Forum (WCF) to the Midas platform as an Instant Share. Invest today to receive instant rewards.
What is World Crypto Forum and what does it offer?
In the age of digital information, we have seen many modes of communication over the years. The list of software and protocols is extensive, but the central idea is to send and receive text messages over the internet. There are different flavors for whatever you need to communicate to the world. A message board or an online forum to which you can post anything for others to view is an example. One major drawback is the fact that each service requires centralized computer servers or data center to relay messages among participants. As a result, the service in question is very susceptible to any organized attack.
Blockchain, also known as distributed ledger technology, solves the problem of data centralization by applying modern cryptography to make it impossible to tamper with data. You have seen an example of blockchain through bitcoin. The transaction records and ownership are secure on the bitcoin blockchain. World Crypto Forum is a project with the ambition to bring blockchain to internet message board.
First and foremost, World Crypto Forum is essentially a piece of software for a message board. There are dozens of similar software that supports many online communities. If you take a look at Bitcointalk, it is one example of an online community built on an application called Simple Machines Forum. However, what makes WCF a little different is that it will be built with blockchain integration.
According to the whitepaper, the team plans to organize all cryptocurrency information on the new forum’s blockchain along with any discussions and posts you typically see on a message board. It aims to be better than Bitcointalk as an information hub.
WCF coins will be used as payment for any activity that may arise in the online community. Notably, you can use the coin to level up your reputation instead of the traditional, well-tested method of consistently and reliably contributing to the community.
It remains to be seen how things will progress but WCF is an example of applying disruptive technology to improve current problems. Wallets are available for Windows, macOS and Linux operating systems. The team plans to release the forum site in the third quarter this year.
Team is anonymous.
Where can I purchase World Crypto Forum coins?
Total supply: 100,000,000
Presale: finished - there were three phases. Information about nodes sold is not available.
Exchange: available on Midas platform as Instant Shares
Consensus algorithm: MN/Proof-of-stake
Masternode collateral: 1000 to 100,000 depending on block height
Block time: 60 seconds
Block reward: variable rewards with MN/PoS 90/10 split
Can I get more information about WCF?
Whitepaper: link to pdf
Block explorer: http://explorer.worldcryptoforumcoin.com/
Do you want to become a Midas partner?
Midas is looking for great projects to join us on our journey. Get in contact with the team via Discord for more details, and visit midas.investments for information on our project, team and road map.