Probably the biggest concerns with cryptocurrencies are the problems with scaling that are posed. While the number of digital coins and adoption is increasing rapidly, it is still dwarfed by the number of transactions that payment giant, VISA, processes each day. Additionally, the speed of a transaction is another important metric that cryptocurrencies cannot compete with on the same level as players like VISA and Mastercard until the infrastructure delivering these technologies is massively scaled. Such an evolution is complex and difficult to do seamlessly. However, some have already proposed several solutions, including lightning networks, sharding, and staking as options to overcome the scalability issue.
Going forward, as cryptocurrency gains more traction in the real world, networks will need to be more aware of different methods of attack, and how to protect/secure themselves against them. In order to do so, networks will need to think like “attackers” (red flag strategy) and try to stay a step ahead of them because there are always people out there who will try to take advantage of the system. This is to be expected, and prevented by asymmetrical design of networks. No one really knows when mass adoption of cryptocurrency will take place, but it will be important to see how organisations and communities overcome these various obstacles to adoption through staking measures and other developing techniques that incentivise actors good and bad to support their network.
Lack of Regulations
Even if we perfect the technology and get rid of all the problems listed above, until the technology is adopted by federal governments and regulated, there will be increased risk in investing in this technology. Other concerns with the technology are mostly logistical in nature. For example, changing protocols, which becomes necessary when the tech is being improved, can take quite a long time and interrupt the normal flow of operations.
Price volatility and lack of inherent value
As a digital technology, cryptocurrencies will be subject to cybersecurity breaches, and may fall into the hands of hackers. We have already seen evidence of this, with multiple ICOs getting breached and costing investors hundreds of millions of dollars this summer alone (one of these attacks by itself resulted in the loss of $473 million). Mitigating this will require continuous upkeep of security infrastructure, but we are already seeing many players dealing with this directly, and using enhanced cybersecurity measures that go beyond those used in the traditional banking industries.
Investing in the digital asset market should be easy! As the world moves towards the mass adoption of cryptocurrencies and other digital assets, our mission at Leisure Coin Exchange and Investment Platform is to make the process of investing and trading simple, easy and hassle free.Our exchange platform and coin are both developed with some of the most sophisticated security measures in the digital asset market and our users will enjoy the security, functionality and ease of use that they seek for their investments.
How are we different?
Leisure Coin is breaking barriers within the digital asset market and streamlining how users invest. Our goal is to cut market volatility for our users by implementing our automated trading platform. Our automated platform is designed to trade the top 5 cryptocurrencies across multiple top tier exchanges and then provide profits to our users. Why should the few reap the rewards when we can share them with our users? We are going to be changing the status quo of cryptocurrency exchanges and investment systems as a whole, and we are excited about opportunities we will provide our users and community.
Leisure Coin is a Masternode, Proof of Stake coin, which will drive profitability for it’s holders. 10,000 Leisure Coins are required as collateral to host a masternode on the Leisure Coin network. The current reward structure is 16 Leisure Coins per block going to masternode rewards and 4 Leisure Coins per POS reward. This is all based on a 60 second block time and a total block reward of 20 Leisure coins.
The Leisure Coin digital asset we have developed is more than just a coin.
It is the entry-point to our investment platform located on our exchange itself. All funds received from the exchange listing fees, withdrawals and trading are distributed to exchange maintenance, platform develop/maintenance team, security team, coin ops funding, and the platform investments.
What makes Leisure Coin unique is that we are an investment coin that has our users at the forefront. Funds received from our exchange operations, are fed into our investment platform where they are traded on multiple top tier exchanges. The profit earned from trading is then distributed across the network based off average Leisure Coins held in a users wallet for a set time period.
At no time will an investor be required to input any coins into the platform to receive rewards. Just link a Leisure Coin wallet to the platform, set up a deposit address, and you are done. At the end of the trading period, you will be sent your rewards and will share in our profits! (check white papers for in depth explanation)