Blockonomics: permissionless Bitcoin solution

Bitcoin, Ether, Altcoin, Monero ...and so on. Yes, you have guessed it right. We are talking about the cryptocurrencies. I know that people see cryptocurrency as an opportunity for investment and try to make money via exchanging them when their price is high. The use of cryptocurrencies is not only limited to just as an investment purpose. There are various companies who have started accepting cryptocurrencies as the mode of payment for the exchange of good. One has to give credit to Bitcoin for showing the power of blockchain and cryptocurrencies to the world. But, if you have been following the market, then you would know that Bitcoin has suffered a massive decrease in its value. It is partly because of the rising of other cryptocurrencies which are more efficient than Bitcoin.

Does that it's all over for Bitcoin? Obviously, no. Bitcoin is still the most popular cryptocurrency out there (in terms of market capitalization). And this is because many wallets providers are looking to promote the use of Bitcoin in real-life transactions. One such company is Blockonomics. If you have ever invested in Bitcoin, then you must have heard of that name. Blockonomics started its business as a simple wallet provider. But, in order to acknowledge the popularity of Bitcoin, they have decided to develop various services which aim at reviving the decreasing value of Bitcoin. This is why I decided to dig deeper and find out more about the company.

Blockonomics platform

Blockonomics is not a new name in the field of cryptocurrency. They started their journey as wallet watcher and block explorer in 2015 but now are looking to add various new functionality to their platform. They are creating a decentralized and permissionless Bitcoin payment system which aims at allowing merchants to accept Bitcoin.

Blockonomics also have various other features like Block explorer where users can analyze any cryptocurrency quickly and efficient manner. The platform also promises not to hold any of your personal information. Also, you will not have to go through any KYC process to get started.

ICO and Team

Blockonomics uses ERC20 token which is created on Ethereum blockchain. The company has released 550 million BCK token for sale. Blockonomics will organize a pre-ICO sale from 1st July 2018- 31st July 2018 and main ICO sale from 1st August 2018-15th August 2018. The tokens will be sold at a rate of 1 BCK token= $0.0166 USD (pre- ICO sale) and 1 BCK=$0.02 USD (main sale).

Conclusion

Blockonomics plans to integrate various e-commerce platforms like Shopify, ZenCart, Wix and many more by September this year. Blockonomics will also enhance Block Explorer with the addition of various functionality like graphs and charts which will users to keep track of blockchain data. They will also introduce a native altcoin support for other cryptocurrencies like Ether, Bitcoin Cash which will enhance the user's experience by bitcoin payments. Blockonomics also plans to integrate Bitcoin Lightning network by June 2019 with the integration of Zero confirmation payments by November 2019.

But, the big question which comes is whether you should invest your money in Blockonomics or not. Personally, I think that the company has come up with a good idea as all the major e-commerce companies are looking to add cryptocurrency payment option. But, due to various governments not supporting the use of cryptocurrencies, the overall process could take a long time. So, if you are looking to get a good return in a short span of time, then you should look for other companies to invest.

You can remain updated to all the latest news related to Blockonomics via-

Website - https://ico.blockonomics.co/

Whitepaper - https://ico.blockonomics.co/docs/Blockonomics_Whitepaper.pdf

Telegram - https://t.me/BlockonomicsICO

ANN - https://bitcointalk.org/index.php?topic=4421484.0

Published by - dannywhelan

Btalk profile - https://bitcointalk.org/index.php?action=profile;u=1606458