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February 18, 2018

Launch Two New Cryptocurrencies

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We all know very well that in recent months, we have seen companies from several segments bet on crypto-coins or blockchain (and making their actions skyrocket, as is the case with Kodak). The next company to join the group is Atari, the well-known gaming company.

n recent months, we have seen companies from several segments bet on crypto-coins or blockchain (and making their actions skyrocket, as is the case with Kodak). The next company to join the group is Atari.

Atari, better known as the maker of the well-known arcade games Pac-Man and Space Invaders, announced last week that it will enter the crypto-coins business. However, now if we talk about the cryptocoins then let me clarify that among the cryptocoins Bitcoin is the most popular, most valued and most used cryptocurrency.

What is Bitcoin?
We can refer in generic terms that it is a virtual currency created in 2009, based on the peer-to-peer (P2P) system. P2P is a system that does not provide for centralized authority to control currency or transactions, as with other currencies (for example, the INR. is controlled by the RBI). Instead, money creation and transfers are based on an open-source network in encrypted protocols that form the basis of Bitcoin’s security and freedom, making transactions instantaneous among users.

The invention of a mysterious computer guru, who referred to his pseudonym Satoshi Nakamoto, this coin is created by means of a very complex mathematical formula.

The company, of course, Atari has not reported the details, but we know the currency will be called Atari Token and is part of a partnership with Pariplay, which will allow betting on gambling through digital assets.

The CEO Frederic Chesnais tells Bloomberg that the blockchain can “transform, if not revolutionize, the current economic ecosystem, especially in the video game and online transaction industry.”

The company did not disclose how the Atari Token will work, how it can be bought, where it will be traded, what technology will be used, but none of that seems to matter much: since February 8, when the plan to enter the made public, the company’s shares rose more than 60%.



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