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OBC - Online Blockchain News Story

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Market Cap £2.78m
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RCS - Online Blockchain - Brazio Cryptocurrency - Next Stage of Maturation

Tue 19th May, 2020 7:00am
RNS Number : 2245N
Online Blockchain PLC
19 May 2020
 

News Release

 

May 19th, 2020

 

 

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.

 

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.

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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