While trying to learn more about how Bitcoin, Ethereum, or other cryptocurrencies work, you must have come across these two difficult terms — Proof of work (POW) and Proof of stake (POS). Both terms are quite difficult to understand without the technological knowledge.
In reality, both terms are not that hard to get. Proof of work and proof of stake are two kinds of computer algorithms that are responsible for today’s success of digital currencies like Bitcoin and Ethereum. First of all, let’s start with basic definitions of POW and POS.
Proof of work is a protocol that has the main goal of deterring cyber-attacks such as a distributed denial-of-service attack (DDoS) which has the purpose of exhausting the resources of a computer system by sending multiple fake requests. The Proof of work concept existed way before Bitcoin was presented to the public, but the creators of Bitcoin applied this technique to the first digital currency revolutionizing the way traditional transactions are set. …
Paying for your groceries via debit card is no surprise to anyone, but buying it with bitcoin seems like the thing from a futuristic movie. It’s hard to understand how digital assets work, and paying in crypto for everyday basis is nearly impossible to imagine. One of the biggest criticisms of cryptocurrencies is that they are still not a usable solution for day-to-day purchases.
As a result, the market strives for a change and brand new solutions are emerging. Brand new concepts of cryptocurrency marketplaces are being presented to the finance and technology sector.
Even after all this time, it not easy to use bitcoin as a payment method for everyday use. Firstly, it is rather expensive to trade in a reasonable amount of funds. Secondly, you have to have at least an intermediate technology knowledge to do so. And that makes it too complicated because you don’t want to waste your precious time on minor details while buying your morning latte. …
In a society where our privacy is constantly under threat, lack of privacy in process of purchase of cryptocurrencies is not an exception. Therefore, one of the most important aspects of cryptocurrency is the privacy of the transaction. Many perceived Bitcoin as an anonymous currency or payment mode in its early years. It was believed to be one of the great promises of this technology — anonymity. The transactions are recorded and made public, but they are linked only with an electronic address. …
We are extremely happy to announce Tokia launch dates! Tokia platform is about to be launched on September 5th! For the first two weeks it will be accessible only to the members of Tokia community, then it will be launched for the public use.
From September 5th to 17th, the platform will be available to our early subscribers and ICO token holders and token holders will get an exclusive early access to Tokia platform.
As a thank you to our community for the support and believe in our vision we have decided to grant you with a cashback bonus. …
We are constantly growing and have great plans for the future of Tokia. For us, the launch of the platform is only one step into the cryptocurrency exchange journey. At the moment, we are at the stage of testing the product itself and planning its further development process.
Our community is the reason we are here in the first place, that is why we would like to hear your opinion and include you into our development process. Therefore, we have created a short questionnaire for every community member to participate in.
Your suggestions will help us to better understand your needs and how we can deliver the services you want the most. We are kindly asking you to dedicate a few minutes of your time to Tokia’s development and answer our short survey.
You will find the survey here
NOTE: We are not planning to change any token holder benefits that we stated in our whitepaper.
Everyone who purchased tokens during the ICO will be prioritized on the waiting list for the TOKIA card. Depending on the number of tokens held, will receive the benefits as promissed.
Cashback bonus is a separate post-launch promo offer that is not related and does not change or replace ICO token holder benefits in any way. Limited seat cashback bonus will be available up until 2019.01.03
We offer three types of cashback:
TKA holders (30 000+) — 100%
Early subscribers — 50%
Newly registered accounts — 30%
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Have some questions? Write us!
We are working hard on the development of Tokia platform, expanding our team and searching for the best technological solutions to provide excellent user experience. Together, we are creating a new design concept and expanding and optimising the functionality of the system. We are polishing every edge to make it as user friendly as possible.
The launch of Tokia web: 2018.08
The lunch of Tokia exchange: 2018.09
Therefore, we are excited to give you an exclusive glimpse to brand new Tokia exchange platform concept.
Our goal is to create reliable and effective currency exchange for everyone to use. That is why we are trying to make it very easy to navigate and operate. …
Greetings TOKIA community! This time TOKIA was included in the voting competition to KuCoin exchange. So we need your support!
This voting brings an opportunity to get listed on KuCoin exchange!
For those who are not familiar, KuCoin is one of the most well-known and user-friendly exchanges on the market.
1st — You need to Sign-up on Kucoin. You have to have registered account on KuCoin, otherwise your vote won’t count!
3rd — The bot will send you the following questions in a private…
July began with a lot of meetings and plans for a better future. As we mentioned in our previous announcement, we devoted a lot of time for clarifying our past and future plans for current roadmap. This update will help us to stay consistent and to specify these details with our beloved community.
These roadmap changes are not critical and all the key dates will remain the same, however, the debit card element is moved to Q4 2018 this decision was made in order to ensure agile development of our Desktop Wallet & Exchange beta MVP rollout on 2018 Q3.
The current roadmap (you can see it below) will remain the same until the end of this year. …
As you may already know, TOKIA’s Alpha version is open to our top investors who maintain 3000 TKA or more. Our early adopters are sharing their observations and feedback with us regarding our alpha product.
We have got the initial feedback that the TOKIA product is functional but not very user friendly. In order to make our product more lovable we’ve added a product manager to the team that is experienced in creating engaging products and is going to lead the product forward.
Don’t forget to check the introduction to our Alpha here..
After extensive market research we’ve drafted new wireframes of the product and designs are being produced as you read this. In Q3 we’ll launch our beta product, which is going to be available to the public. …