Online Blockchain's Brazio Cryptocurrency Enters Next Stage of Maturation
May 20 2020 - 8:06AM
ADVFN Crypto NewsWire
Online
Blockchain's Brazio
Cryptocurrency
Enters Next
Stage of
Maturation
-
South American
digital asset experiences
significant demand and first
halving –
Online Blockchain plc,
the UK's
leading listed blockchain company, announces that its
Brazio
cryptocurrency has hit
another
significant
milestone.
London, LDN -- May 19, 2020 -- ADVFN NewsWire --
Brazio
(https://braz.io/),
a listed
secure digital
currency
for
the people of
Brazil,
underwent
its
first halving on May 13th.
Halving is a cryptocurrency event where the issuance of
new
coins is halved.
Miners
of
Brazio
(those
responsible for
adding new transactions to the blockchain)
will
see their
block
reward
reduced from 200 BRAZ to
100
BRAZ.
There are currently
83
million
Brazio
coins in existence
with
allocation
capped at
210 million.
The
lower
supply
coupled with
existing high
demand
is expected to
be
a positive signal
for the
crypto's
price
(BRAZBTC).
The
proof-of-work
currency, designed for the unbanked
of Brazil,
has an
average
daily volume of
250,000
on
SouthXchange and sees
approximately 3000 claims a day on cryptocurrency hub
FreeFaucet.io
Unlike traditional cryptocurrency,
Brazio's
mining distribution is optimised for
everyday
computers rather than specialised mining
hardware.
Details on
mining
Brazio
can be found here:
https://www.braz.io/BrazioMiningGuide.pdf
The next halving is
expected to
occur in approximately two years' time.
Brazio
can be traded here:
https://www.southxchange.com/Market/Book/BRAZ/BTC
"This
is a
coming of age moment for
Brazio
and
we are excited by
both the currency's development and popularity,"
said Clem Chambers,
CEO of Online Blockchain plc.
"Brazio's
excellent security, fast transactions and decentralised
governance
is
a
compelling
proposition in Latin America, a region which is seeing a continued
rise in cryptocurrency adoption."
Claim
Brazio
for free
here
-
ends -
NOTES TO
EDITORS
Press/media
enquiries: Francesca De Franco –
francescad@advfnplc.com / 0794 125 3135
Online Blockchain
PLC
Clement Chambers
(CEO)
clemc@advfnplc.com
About
Online Blockchain plc (LSE: OBC)
Online Blockchain
(www.onlineblockchain.io) is a UK-based incubator and developer of
businesses in internet and information-based technologies,
including developers, administrators and custodians of blockchains
and cryptocurrencies. The Company created ADVFN www.advfn.com and
today still has a holding of 17.98% in ADVFN plc.
Online Blockchain
plc continues to consider new related opportunities and
particularly crypto currencies and blockchain-based opportunities
including incubating cryptocurrency start-ups and developing
technical innovation in the blockchain space. Led by a team with
over two decades of pioneering in tech, Online Blockchain focuses
on innovation in cryptocurrency and decentralised ecosystems via
various applications of blockchain: incubating cryptocurrency
start-ups and developing technical innovation in the blockchain
space.
About
Brazio
Brazio
is
a secure digital currency, providing
the people of Brazil a doorway into the cryptocurrency revolution.
With all the robust features of a secure blockchain,
Brazio
provides anonymous and virtually instant
transactions, with which a third party cannot interfere.
Brazio
can be mined by
anyone.
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