SpectroCoin and its community is eagerly awaiting the Ethereum’s Constantinople hard fork. The ultimate goal of this improvement is to move from a Proof-of-Work to a Proof-of-Stake protocol, which will help to solve scalability and mining issues on the Ethereum network. The hard fork must be unilaterally implemented across all nodes in the Ethereum blockchain to function as intended. We would like to walk you through the upcoming changes and updates.
Most companies recognize the fact that the crypto market is constantly implementing the latest technologies, creating new opportunities to enhance the quality of its products and services – this includes looking at daily problems from different angles in order to implement changes that will lead to improvements in our everyday lives. As a financial company, SpectroCoin works towards innovation and always looks for favorable conditions and new jurisdictions for both businesses and individuals.
SpectroCoin focuses on the constant development of its platform so that users can enjoy an even more convenient interface and services. For that reason, we decided to spread the word and inform our clients about the changes that have been done or that are yet to come to the platform. To turn this idea into reality, starting today, we will share SpectroCoin development updates with you.
This post has been updated on January 16th, 2020, after the transposition of the EU AML5 directive.
The boom of new cryptocurrencies issued through ICOs and the rising interest in the crypto market have led to the implementation of regulatory requirements for the entire financial market. In 2018, the European Parliament issued a proposal for the AML5 directive, which was transposed to local laws of all EU countries by January 10th, 2020 – in some countries, it happened even earlier, in mid-2019. AML5 is a commonly used abbreviation for the fifth EU Directive on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing.
SpectroCoin is more than happy to witness the rising number of customers who trust our platform. In exchange, we continue working to provide our users with the highest security performance. We believe that the basis of every great business is the collaboration between the company and its clients. For this reason, SpectroCoin is launching a Bug Bounty Program.