UTILITYCOIN LOOKS TO OFFER BLOCKCHAIN 2.0 TECHNOLOGY WITH THE HELP OF DAN METCALF
The time has come to do an article about a very popular new altcoin called UtilityCoin. As you would expect from its very name, this coin should offer quite some utility for digital currency enthusiasts. Whether or not that is the case, is something we will find out at the end of this article.
During its very short Proof-of-Work phase, which only lasted for two days, a total of 3,700,000 UTIL were mined. Ever since, the coin is in its Proof-of-stake stage, awaring users holding their coins with 10% interest per annum.
I did mention UtilityCoin has been incredibly popular ever since its release, and that has a lot to do with the trading volume on exchanges such as Bittrex and C-Cex. I have seen UTIL on the front page of top trading pairs on BitTrex for days on end now. (The 24 hour trading volume on BitTrex as of this writing is 48 Bitcoin.)
All of this wouldn’t be possible without some interesting features, you would say? Very true, but you have to keep in mind there are currently no working services for UtilityCoin yet. Some interesting announcements have been made though, so let’s take a closer look at those.
This post was published at Crypto Articles on October 13, 2014.