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ScorumBet: High-Performance Crypto Betting Live Now

George Miller

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The launch of the first high-load betting exchange with zero commission
Reading Time: 2 minutes

 

As part of the comprehensive suite of blockchain-based products within the Scorum Sports Media Platform, ScorumBet offers fans a fast, fun and free betting experience. The Scorum Research and Development office has released the first iteration of the peer-to-peer sports betting exchange that welcomes both pro punters and occasional bettors.

With the continued growth of sports betting across the world in both traditional markets and the emerging eSports industry, ScorumBet brings the security and transparency of blockchain tech to what has long been an opaque and, at times, downright corrupt industry. Through proven gamification methods and a socialized experience, new bettors on Scorum can learn, excel and keep all their winnings.

scorumbet index

 

“The sports betting industry is rapidly changing with many projects pouring hours into technological innovations. Together we are proud to contribute ScorumBet as the next step — bringing together a sense of community as well as the fairness and transparency of blockchain in a beautiful and approachable solution.” – Scorum CEO and Co-Founder Vladislav Artemyev

Socialized Sports Betting
To date, the Scorum blog platform already hosts over three thousand posts by fans around the world dedicated just to sports betting. With a growing fan community of over 30,000 members, ScorumBet will introduce fun and engaging game aspects to sports betting as the exchange expands. Players will be able to follow top bettors, challenge fans around the world to single bets and create fan club leaderboards to see how successful friends’ bets are.

The design of ScorumBet welcomes fans with a traditional bookmakers market view that both seasoned bettors and new users can instantly enjoy. Bets will be placed against real opponents and fans around the world and the distributed block producers for the Scorum Blockchain will ensure that results and payouts are accurately recorded.

Live Wager Capability
What truly sets the ScorumBet exchange apart is the fast transaction times that open the door to real-time bet placement with cryptocurrency. With over 75% of bets placed during the action, real-time betting is a must for any contender in the industry. Coupled with zero fee transactions, Scorum has engineered a solution that appeals to fans around the world.

Find out more about ScorumBet at betscorum.com and be part of the evolution of cryptocurrency betting.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Cryptocurrency

MetaVault announces expansion into the Isle of Man

George Miller

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MetaVault announces expansion into the Isle of Man
MetaVault co-founder Justin Short
Reading Time: 2 minutes

 

MetaVault, a company offering secure storage of cryptocurrencies such as Bitcoin and Ethereum, has opened a new office in the Isle Of Man.

MetaVault is a digital asset custody provider, offering insured and uninsured safe custody of assets up to $100m. It means financial institutions such as banks and exchanges can store cryptocurrency with peace of mind with protection underwritten by A-rated London-based insurers.

With the office opening, MetaVault is responding to the growing demand for gaming, exchange and financial institutions to be able to accept and store digital assets securely.

MetaVault co-founder Justin Short said: “The decision to expand into the Isle of Man was a logical step in our business growth strategy. 

“The Isle of Man boasts gaming and financial services regulators proactively engaging with blockchain enterprises.

“Supporting player protection mechanisms, exchanges and financial institutions with secure, insured and uninsured digital asset custody provides confidence in the technology for regulators, businesses and consumers by removing significant risks from the ecosystem.”

Lee Hills, director of MetaVault, said: “The Isle of Man has been at the forefront of developments in blockchain technology and this expansion recognises that. MetaVault is ideally suited to mitigate risks and remove barriers between blockchain businesses and financial institutions. We are excited by this next chapter and look forward to long and mutually beneficial relationships with our Isle of Man partners.”

Lyle Wraxall, Chief Executive, Digital Isle of Man Executive Agency, said: “Blockchain Isle of Man is very pleased to welcome MetaVault to the Island. 

“The Isle of Man prides itself on its superior player protection regulation in e-Gaming and being a centre of excellence for finance, the services offered by MetaVault will assist in maintaining that high standard. It is fantastic to see that the Island is continuing to attract diverse technology-focussed businesses, and we look forward to MetaVault adding to our already rich digital ecosystem.”

 

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Bitcoin

Infographic: Crypto Thefts and Trends That Will Blow Your Mind

George Miller

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Infographic: Crypto Thefts and Trends That Will Blow Your Mind
Reading Time: 1 minute

 

As it turns out, too much freedom is not a good thing, or so the misuse of Bitcoin and other cryptocurrencies now shows. Brush aside the fact that hackers lurk at every corner of the Internet and you are left with even more startling facts Criminals have been happy to use the anonymity of cryptocurrencies to trade arms, traffic humans, launder money, and more.

For better or for worse, cryptocurrencies today are a conduit of illicit activity, and a lot of government oversight is required to uproot the bad practices that have become the norm. While lawmakers are hard at work to figure out the right legal framework for cryptocurrencies, here are some of the most mind-blowing thefts in the crypto world to read up on:

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Cryptocurrency

Infographic – Libra: Cryptocurrency By Facebook (In 5 Minutes)

George Miller

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Infographic - Libra: Cryptocurrency By Facebook (In 5 Minutes)
Reading Time: 2 minutes

 

It is very difficult to believe that there are still some people out there who don’t have access to basic banking needs and 31% of the population is still unbanked and 85% of transaction happens in the form of cash even at this extent of modernization where digitalization completely took over the world.

The idea of designing a currency which enables access to currency and empowers the whole world is ignited by considering all these circumstances and finally it happened.

One of the most reputable and popular social media giant FACEBOOK has taken a step to improve the financial conditions and infrastructure and introduce Libra.

Libra is a decentralized cryptocurrency build on blockchain technology, it ensures the safety and enables access to everyone no matter where you are from or who you are.

Libra is for everyone, you may be in one corner of the world and you want to send money to another corner, with Libra it is possible within seconds and there is no reason to worry about transaction charges because the transaction charges are very minimal.

A reserve is made for Libra which prevents it from falling into speculation theories and to keep the value of Libra stable.

There are massive fluctuations in the value of other cryptocurrencies, but in the case of Libra it is different, even a common will guess what will be the value of Libra coin in the future.

Reserve is backed by a set of stable and liquid assets, it works with a competitive group of exchanging platforms, which boosts up the confidence of consumers that they can resale their Libra any time they want at a good value.

Although the developer of Libra is Facebook that does not give the right to control and authorize the operations. They have formed an association named The Libra Association. The members of the association are formed by the validator nodes of the network, any institution that controls a validator node and claims stake can become founding member.

As Libra is powered by Blockchain technology it prevents attacks on Libra with the help of LibraBFT (Byzantine fault tolerance) and it is allocated in a way to control both ownership and transfer of Libra.

The Move is a new programming language used in Libra. It executes custom transactions and smart contracts. The significant feature of Move is that a means can never be copied it can only be transferred among program storage locations.

The safety of Move allowed to execute important parts of Libra Protocol in Move, inclusive of Libra coin, validator management and processing transactions.

The organizations that wish to become a founding member should meet a specific list of criteria, once they are in will be offered with Libra Investment Tokens, incentives and transaction refunds.

Considering all these factors one can clearly say that Libra will definitely revolutionize the digital currency field and it will help millions of people to experience the money in a never before way.

Checkout the following infographic on – Libra: Cryptocurrency By Facebook (In 5 Minutes) – Developed by Karthik at MrBTC.org.

Libra: Cryptocurrency By Facebook

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