Monero Classic XMC to FunFair FUN Exchange

Crypto Pair Details: XMC to FUN

Monero Classic XMC

Monero-Classic (XMC) is a hard fork of Monero (XMR), announced on 29th March. Part of Monero's development is that it hard-forks every 6 months, this is completely normal so not a surprise. After one of these scheduled hard-forks Monero retains the ticker symbol 'XMR' as well as the upgrades from the hard-fork; on the 6th April hard-fork it had changes including resistance to Cryptonight ASIC miners. If people disagree with these hard-forks, they can create their own versions of Monero. The strong financial incentives against this hard-fork, resulted in 4 different entities that each has created versions of Monero that still support ASIC miners, with their own new ticker symbols: Monero (XMR), the coin supported by the core Monero development team Monero Original (XMO), announced on 29th March Monero 0 (ZMR), shared on Reddit on 31st March 2018 MoneroClassic (XMC), first Tweet on 4th April 2018 Monero-Classic (XMC), first Tweet on 5th April 2018 On the project website, the person behind Monero-Classic identifies himself as “PZ, an early Bitcoin evangelist and blockchain eco builder”. PZ's message on the website: Hello, everyone! I'm PZ, an early Bitcoin evangelist and blockchain eco builder. Most of you know me because of my efforts and adherence to the ecological development of blockchain industry. In the past few years, I saw Bitcoin community and Litecoin community both fell apart for long time due to different ideas , and the development of main chains was unable to move forward. So I organized Litecoin International Round Table Forum and Bitcoin International Round Table Forum in 2017. The two meetings were very successful. The upgrade of Litecoin and Bitcoin also went on successfully. Recently, our team noticed that XMR (Monero), the world’s largest anonymous currency, is about to change the PoW algorithm, and plans to further change it twice within 1 year. As we all know, the reason for this algorithm change is that many companies (BITMAIN, PinIdea, etc.) have developed specialized mining machines for Monero. Actually, the emergence of specialized mining machine for a cryptocurrency is normal market economy phenomenon. In the 10 years since the cryptocurrency community was born, we have seen the birth of specialized mining machine for Bitcoin. Then there emerged Litecoin, which was expected to be against specialized ASIC mining machines, using script algorithm which was considered to be'against ASIC' at that time. While after only two years, there appeared specialized mining machine for Litecoin. We considered about whether to change algorithm to be against specialized ASIC mining machines or not. However, after prudent and serious discussion, we believe that for any kind of valuable algorithm, the emergence of mining machine is only a matter of time. Finally, we made our choice to accept the existence of professional mining machines. Now more and more high-value currencies (algorithms) have respondent specialized ASIC mining machines, which has become a common phenomenon in the industry. Is the existence of specialized mining machines completely useless? Obviously, this argument is unfair. The emergence of specialized mining machines will indeed accelerate the rise of problems such as centralization of computational power. But we should be reminded the fact that emergence of professional mining machines will also greatly improve network security. If there are professional mining machines, the events like “Monero was attacked by more than 500,000 botnets” could be avoided. We understand that Monero team expects to stick to the expectations and work of Monero's “against ASIC mining machine”. For a long time, due to the excellent work of Monero team, XMR and its community have achieved great development, providing much valuable contributions to the entire cryptocurrency community. In the community, many people agree with this hard fork of changing algorithms. However, I feel that there is still a part of people who want to maintain the original algorithm and accept the existence of mining machines. They should be heard and respected. We believe that the two ideas of 'embrace ASIC mining machines' and 'against ASIC mining machines' both have their own strengths and weakness. At present, the vigorous development of the global cryptocurrency ecology is precisely due to the emergence of various ideas of different people. The collision of different ideas has brought out the flourishing of various digital currencies. We always believe that the ecological diversity of cryptocurrency community is much conducive to the birth of a more secure, stable, prosperous and beautiful encrypted world. We can, and should, allow these minority of people, who are adhering to a different idea, be given equal opportunities with the majority, and the free market will make its own choices. Therefore, we believe that these two thoughts should be given equal opportunities for development. We will make our best efforts to maintain the Monero system before this algorithm change, thereby preserving the fire that gives the ecology more potential for development. At the same time, we also invite developers, mining machine manufacturers, trading platforms, miners, purses, and others in this ecological chain to join us, so that the network ecology can gain more possibilities! XMC wallet GUI for Windows: https://github.com/monero-classic/monero-gui/releases/download/v0.1.0.0/monero-classic-wallet-gui.zip MD5：e6dabd083bbaae95fdb87bc0d4aaf483

FunFair FUN

FunFair is an Ethereum-based platform for online casino gaming. Targeting the $47B online gambling market, FunFair isn’t actually a casino. Instead, the underlying gaming technology is licensed out to casinos and other gambling platforms. The FunFair team is attempting to solve some of the biggest problems online casinos face: slow performance, high operating costs, and lack of user trust. Through the use of blockchain technology and Fate Channels, an in-house built version of state channels, the products they license have the potential fix all of them. FUN is an ERC-20 token that you use in every part of the FunFair platform. It’s the only token accepted for in-game credits, how game creators in the marketplace are paid, what casinos must pay their licensing with and receive revenues in, and all fees on the platform must be paid in FUN. A total of 11,000,000,000 FUN tokens were created on June 22, 2017, and no more will be created. With a fixed supply, the token is deflationary and should experience sharp increases in price over time as demand for it increases. Furthermore, the FUN that’s paid as fees will be burned for the first two years which should further drive price upwards. Casinos can also stake the FUN tokens in their bankrolls to receive additional dividends. The 30+ person FunFair team is based out of London and is led by Jez San, OBE. San’s entire career has revolved around entrepreneurship and the computer gaming industry. He founded Argonaut Software as a teen and created the first chip to power 3D games like Star Fox and Harry Potter. Rounding out his resume, San also founded the 3D online poker room, PKR, and is an investor in one of the world’s leading cryptocurrency exchanges, Kraken. Other members of the team are just as impressive. Jeremy Longley, founder and CTO, co-founded PKR with San and has over 15 years of experience managing development teams. FunFair COO, David Greyling, was previously the International Director of William Hill – a worldwide betting and gaming company. FunFair is attempting to enter the gigantic online gaming market by providing a solution that’s unique to the blockchain industry. Instead of acting as a casino, the company is licensing out their technology to other casinos which helps to mitigate their liability and risk. The project already has a working product and plans to launch early this year. With the wealth of experience that the team has in the gaming space, it’s hard to see this project failing. If FunFair can overcome the market domination of current incumbents using traditional technology, blockchain-based casino games could be the new industry paradigm.

SOURCE: COINGECKO

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