What is Laxmi Coin is an India-focused digital indian currency, Laxmicoin. Laxmicoin Price: Laxmicoin is a blockchain platform soon to be powered by billions of devices. It was started in 2012 but were not recognized very well so the roadmap was paused until the recent rise in the popularity of Bitcoin and whole cryptocurrency all over the world and also in India. Their mission is to make the most powerful infrastructure for decentralized applications using blockchain technology. So do you think it can become the new currency in India?
What is a and How Laxmicoin works.
Laxmicoin.com platform is trying to create a P2P transactions system using a mobile number. Just for an example, the flow of earlier Bank system was good but Paypal or India’s own famous wallet Paytm.
offered much better services.
And to follow their footsteps and provide much better services they believe that cryptocurrency wallet is the next generation of the digital payment.
Before going ahead let me make you aware that Laxmicoin has a policy that they make ‘no guarantee on the fitness or quality of its products and Services. By using Laxmicoin’s platform, you need to understand the financial, professional, and personal risks associated with any investment decisions.’ You can read complete details in their Whitepaper.
Another disclaimer is that Laxmicoin is completely different from the rumor of Government of India launching Lakshmi Coin to promote digital currency in India using Blockchain technology.
According to Laxmicoin.com website, they are going to launch Laxmicoin in India in Q2 that is after April 2018 and soon in Q3 they will launch the mobile mining and P2P transaction solutions moneyAfter the regain popularity in cryptocurrency on a global level, Laxmicoin was considered to be relaunched as an idea which was recently seeking regulatory clarity for launch but Government is yet to decide the actual benefits or harmful effects of launching the whole idea of cryptocurrency hence Laxmicoin was rejected for that time but the idea is still there.
There future planning depicts that in Quarter 2 of 2018 that is after April they are planning to launch Laxmicoin for Indian users as an initial coin offering and then converting it into a crypto asset.
If everything goes by their plan then by Quarter 3 they will finally launch mobile mining platform and P2P transaction services which will provide a boost to digital movement in India.
“The a cruising altitude, a blockchain might not look that different from things you’re familiar with, say Wikipedia.
With a blockchain, many people can write entries into a record of information, and a community of users can control how the record of information is amended and updated. Likewise, Wikipedia entries are not the product of a single publisher. No one person controls the information.
Descending to ground level, however, the differences that make blockchain technology unique become more clear. While both run on distributed networks (the internet), Wikipedia is built into the World Wide Web (WWW) using a client-server network model.
A user (client) with permissions associated with its account is able to change Wikipedia entries stored on a centralized server.
Whenever a user accesses the Wikipedia page, they will get the updated version of the ‘master copy’ of the Wikipedia entry. Control of the database remains with Wikipedia administrators allowing for access and permissions to be maintained by a central authority.