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KodakCoin and 3 Other Ridiculous Cryptocurrencies People Are Going Nuts Over

Bitcoin might be the best-known cryptocurrency, but there are hundreds of “ altcoins ” that have exploded in value since crypto-fever took hold in mid-2017. The full grocery store capitalization of all cryptocurrencies, excluding bitcoin, is an astounding $ 495 billion, up from $ 2.5 billion the same time concluding class, according to Coin Market Cap, a site that tracks cryptocurrencies. With approximately 1,394 altcoins presently in universe, inquisitive investors can choose to invest in long-familiar digital currencies like bitcoin, ether, and litecoin — or lesser-known coins with smaller marketplace caps and names like “ InsaneCoin, ” ” PutinCoin, ” and “ PotCoin. ” here are four of the most pathetic altcoins hitting the ICO grocery store.

KODAKCoin After Kodak announced on Tuesday that it will hold an initial coin offer starting January 31 to sell KODAKcoin to accredited investors, Kodak ‘s stock price shot up by 120 percentage, according to the Wall Street Journal. Kodak CEO Jeff Clarke said through a statement that blockchain engineering and cryptocurrency could be the “ keys ” to solving the problem of unfair image license practices. The digital mint will work with KODAKOne, a new platform that is supposed to help photographers license their images. At the Consumer Electronics Show in Las Vegas, Kodak besides announced it is licensing its name to another company to make bitcoin mining calculator equipment ( Kodak KashMiner ) and create a mine center at the company ‘s headquarters in Rochester, New York. ( Miners can rent the mine rig from Kodak if they ‘re uncoerced to split the profits with the company. ) Kodak is lone the latest populace company to announce a pivot to blockchain technology — an ever-more popular move during crypto-mania. Critics are casting doubt on Kodak ‘s announcement. David Gerard, author of Attack of the 50ft Blockchain, told the BBC that Kodak ‘s design to help photographers protect their image copyrights with the blockchain sounds suspect. “ Notice how they ‘re marketing it : they department of state a trouble, then say the blockchain can solve it. But there ‘s no mechanism by which the blockchain could do that, ” says Gerard. “ This does n’t do anything that signing up for Shutterstock or Getty Images would n’t. ” TrumpCoin

No one knows who created bitcoin. The entirely hint is that the original bitcoin whitepaper was written by person, or a group of people, who go by the nickname “ Satoshi Nakamoto. ” similarly, TrumpCoin was created by a person who goes by ” Chicken65. ” TrumpCoin was created in February 2016 to help Donald J. Trump “ fasten ” the presidency of the United States and support Trump ‘s “ knock-down sight to Make America Great Again, ” the TrumpCoin web site reads. In an consultation Chicken65 gave to Vocativ, the TrumpCoin fall through said he ‘s a bald, 40-something scots music producer who supports release markets, opposes politics regulations, and thinks Trump is the best symbol for these views. “ I do n’t agree with all [ Trump ] says, but I could n’t call the coin ‘The Free Society Logic Reason Truth and Philosophical coin, ‘ ” Chicken65 told Vocativ. Dentacoin Pitched as “ the blockchain solution for the ball-shaped dental diligence, ” Dentacoin ‘s whitepaper says the project hopes to improve “ the choice of dental caution worldwide, reduce treatment costs and create a dental community. ” Dentacoin, which launched during an initial coin propose in July 2017, now has a $ 1.5 billion commercialize cap. It was created a bulgarian professor, Dimitar Dimitrakiev, and a team of dentists and engineers. Dogecoin

Jackson Palmer, a merchandise director at Adobe, and Billy Markus, a software developer at IMB, created the altcoin in 2013 based off a meme about a Shiba Inu pawl having an home dialogue. Despite its punch-drunk beginning floor, the altcoin gained in popularity and people started to buy it. During the first week of 2018, Dogecoin’s market crown hit a senior high school of $ 2 billion — despite the fact that the currentness ‘s collapse, who left the plan in the hands of a community of developers in 2015, expressed depress that people are taking his sarcastic joke as an investment. “ It says a lot about the submit of the cryptocurrency space in general that a currency with a frump on it which has n’t released a software update in over two years has a $ 1 billion plus market cap, ” Palmer told Coindesk .

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