Coingeek Plans to Finance Electronic cash Group.
On February 1, Cryptocurrency Media, and blockchain company Coingeek, announced plans to finance the development of the electronic cash group. Coingeek announced funding the team who created the Electron cash wallet. Blockchain will provide the Electronic Cash Team with $ 300,000 a year to continue adding value to the Bitcoin Cash (BCH) open source projects.
The development of Electron electronic wallet was led by pseudonymous programmer, Jonald Fyookball, who believes that fluid profits are the “real bitcoin”. Fyookball believes that the BCH meets the description of the white cash paper.
Satinhi Nakamoto, the electronic cash team plans to use funding to expand development teams while focusing its energy on other open source software for the BCH network. The team plans to create an inherent portfolio of Android Electron Cash, the iOS version and even the mobile phone version (Nokia) of the customer. Nchain will provide the team with technical advice, support for R & D, and Craig Wright’s chief scientist plans to work with Electron Cash developers.
Jonald Fyookball explained “We have the resources to develop a number of software programs that will help the BCH community. We are excited to contribute to our role in helping to achieve the original vision of white paper Satoshi Nakamoto that we all enthused.
Calvin Ayre, the owner of coingeek believes the new funding can improve BCH-centric applications. During the funding announcement, Ayre explained that since BCH is in its early stage needs more technical progress to make it easily used every day.
“That is why we support open source projects that ensure that the best ideas in cryptocurrency are integrated into the BCH ecosystem.”
Members of the Triple Initiative say this is just the beginning.
Jimmy Nguyen, CEO of Nchain, explains that the triple initiative with Electron Cash is just what we need to continue to boost the bitcoin cash ecosystem. “We are particularly excited to be working with the electronic cash team to help implement some of the patented inventions – such as blind limits.
In addition to Electron Cash Development and Open Source initiatives, Ayre says this is just the beginning. Coingeek plans to launch commercial promotion campaigns alongside the bid to fund other developers who want to promote BCH to the next level.
“If you are a developer or technology venture that needs funding to develop projects or applications for the bitcoin cash chain, send us your pitch,” Ayre emphasizes.