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Topic: [ANN] [ICO] LaLa World : An ecosystem for migrants and their families - page 19. (Read 66742 times)

sr. member
Activity: 868
Merit: 250
LALAWorld is excited to update our dear community with the new Roadmap comprising of all our future endeavours. Check the link below.
https://t.co/zQkF7P7Xda https://t.co/gfYn4hhslj
member
Activity: 658
Merit: 10
Platforms like LALA ID, that provide verified and trusted identities, through bio-metric identification and new electronic transaction histories, can now make financial access widely available for the unbanked globally for the first time.


Follow us on Twitter to know more: https://twitter.com/mylalaworld
member
Activity: 658
Merit: 10
Practical Byzantine Fault Tolerance Consensus Mechanism eliminates the risk of malicious attackers and centralization of the blockchain network. Click on the link below to know more about it


jr. member
Activity: 121
Merit: 1
LALA will surprise everyone when market goes uptrend.
member
Activity: 658
Merit: 10
LALA World is all set to leave a mark at Tokyo Fintech Camp on 26th and 27th of November 2018.


hero member
Activity: 924
Merit: 526
GIF by SOCIFI
DPoS is a consensus mechanism that prevents people with large stakes from calling all the shots. It relies on a process in which the decision makers are voted into power who can produce blocks to validate a transaction.



This article is similar to the one posted last week:

https://blog.lalaworld.io/proof-of-stake-vs-proof-of-work/

Was this on purpose?

I wonder if LALA is contemplating to migrate to their own dPOS blockchain? I think that would be a great step in creating more awareness for the LALA World project, and of course it is always good to not have to be dependant on ETH.

member
Activity: 658
Merit: 10
DPoS is a consensus mechanism that prevents people with large stakes from calling all the shots. It relies on a process in which the decision makers are voted into power who can produce blocks to validate a transaction.


member
Activity: 658
Merit: 10
Entrepreneur India has published an article by Sankalp Shangari, CEO. It discusses the legality of RBI guidelines and raises the question on its legislative authority in presence of parliament that is the Constitutional legislative body.


India is witnessing a major dilemma in trying to answer a fundamental constitutional question, the answer to which will either empower the Reserve bank or the elected representative.Who can ‘lawfully’ make laws for the citizens?

Read the full Article to know more: https://www.entrepreneur.com/article/323411
full member
Activity: 744
Merit: 100
Join On COMBO
Proof of stake an alternative to proof of work is a faster, economic and energy-efficient mechanism to validate transactions on the Blockchain.


The huge electricity bills incurred due to mining of coins using Proof of Work consensus mechanism prompts the miners to sell off their cryptocurrency to pay for the bills. This causes a depreciation in the value of the currency which ultimately results in low profitability of mining. To counter this disadvantage, Proof of Stake consensus mechanism was introduced.


Yeah its seems POS is more efficient than POW, and I was just wondering if you did also consider other more viable consensus mechanisms instead?
I did not expect that LALA World would occupy the 919 position at Coinmarketcap, even though I saw this project very active and updated, maybe LALA needed a top class exchanger hitbtc or bittrex
member
Activity: 294
Merit: 10
Proof of stake an alternative to proof of work is a faster, economic and energy-efficient mechanism to validate transactions on the Blockchain.


The huge electricity bills incurred due to mining of coins using Proof of Work consensus mechanism prompts the miners to sell off their cryptocurrency to pay for the bills. This causes a depreciation in the value of the currency which ultimately results in low profitability of mining. To counter this disadvantage, Proof of Stake consensus mechanism was introduced.


Not sure how this article relates to LALA since they don't run their own blockchain. Ethereum will become partly PoS but LALA can't influence this.

Also:

Quote
The miners earn money in the form of transaction fees in PoS consensus algorithm instead of freshly curated currency, like in the case of PoW consensus mechanism.


This is not completely correct, in PoS it is also possible to receive freshly curated currency, additional to transaction fees.

how can I participate in the project of LaLaWorld in this moment?
hero member
Activity: 924
Merit: 526
GIF by SOCIFI
Proof of stake an alternative to proof of work is a faster, economic and energy-efficient mechanism to validate transactions on the Blockchain.


The huge electricity bills incurred due to mining of coins using Proof of Work consensus mechanism prompts the miners to sell off their cryptocurrency to pay for the bills. This causes a depreciation in the value of the currency which ultimately results in low profitability of mining. To counter this disadvantage, Proof of Stake consensus mechanism was introduced.


Not sure how this article relates to LALA since they don't run their own blockchain. Ethereum will become partly PoS but LALA can't influence this.

Also:

Quote
The miners earn money in the form of transaction fees in PoS consensus algorithm instead of freshly curated currency, like in the case of PoW consensus mechanism.


This is not completely correct, in PoS it is also possible to receive freshly curated currency, additional to transaction fees.
sr. member
Activity: 1078
Merit: 310
Proof of stake an alternative to proof of work is a faster, economic and energy-efficient mechanism to validate transactions on the Blockchain.


The huge electricity bills incurred due to mining of coins using Proof of Work consensus mechanism prompts the miners to sell off their cryptocurrency to pay for the bills. This causes a depreciation in the value of the currency which ultimately results in low profitability of mining. To counter this disadvantage, Proof of Stake consensus mechanism was introduced.


Yeah its seems POS is more efficient than POW, and I was just wondering if you did also consider other more viable consensus mechanisms instead?
member
Activity: 658
Merit: 10
Proof of stake an alternative to proof of work is a faster, economic and energy-efficient mechanism to validate transactions on the Blockchain.


The huge electricity bills incurred due to mining of coins using Proof of Work consensus mechanism prompts the miners to sell off their cryptocurrency to pay for the bills. This causes a depreciation in the value of the currency which ultimately results in low profitability of mining. To counter this disadvantage, Proof of Stake consensus mechanism was introduced.

member
Activity: 658
Merit: 10
LaLa World Enters the UK to Enable Faster and Cheaper Remittance for its 9.5MM Migrant Workforce.

[/center]

LaLa World, an Asian Blockchain-based social business, announced the acquisition of UK based remittance company First Mobile Money Limited (FMML) today. This move is a part of its strategy to create a simplified financial services ecosystem that provides remittance services to the UK’s migrant workforce, refugees, and the unbanked, as well as, partner with other remittance companies in the UAE (United Arab Emirates) and the CIS (Commonwealth of Independent States).


This seems like a fitting addition to LALA World, congratulations.

Are there any details about the amount that has been paid for this acquisition?

Also, are there any statistics available about the usage of the ICO funds? How is it budgetted and how much runway does the project have?
Hello, Thanks for the wishes . Apologies but the information requested by you is confidential and involves NDA thus it can not be disclosed/shared with any one.
hero member
Activity: 924
Merit: 526
GIF by SOCIFI
LaLa World Enters the UK to Enable Faster and Cheaper Remittance for its 9.5MM Migrant Workforce.

[/center]

LaLa World, an Asian Blockchain-based social business, announced the acquisition of UK based remittance company First Mobile Money Limited (FMML) today. This move is a part of its strategy to create a simplified financial services ecosystem that provides remittance services to the UK’s migrant workforce, refugees, and the unbanked, as well as, partner with other remittance companies in the UAE (United Arab Emirates) and the CIS (Commonwealth of Independent States).


This seems like a fitting addition to LALA World, congratulations.

Are there any details about the amount that has been paid for this acquisition?

Also, are there any statistics available about the usage of the ICO funds? How is it budgetted and how much runway does the project have?
member
Activity: 658
Merit: 10
LaLa World Enters the UK to Enable Faster and Cheaper Remittance for its 9.5MM Migrant Workforce.



LaLa World, an Asian Blockchain-based social business, announced the acquisition of UK based remittance company First Mobile Money Limited (FMML) today. This move is a part of its strategy to create a simplified financial services ecosystem that provides remittance services to the UK’s migrant workforce, refugees, and the unbanked, as well as, partner with other remittance companies in the UAE (United Arab Emirates) and the CIS (Commonwealth of Independent States).

member
Activity: 658
Merit: 10
LALA World will be at Singapore Fintech Festival today. Our CEO, Sankalp will be speaking as a panellist for Accenture's Fintech in Asia: Japan, Singapore and China event.


Follow Us on Twitter for Latest news: https://twitter.com/mylalaworld
sr. member
Activity: 1078
Merit: 310
What are the major advantages or features of this project as compared to traditional payment platforms and other mainstream cryptocurrecies?
member
Activity: 658
Merit: 10
The Blockchain ledger is distributed across nodes around the world. To hack into a system, one would need to take control of 51% of the nodes. In most of the scenarios, this would cost more money to accomplish than the actual worth.


hero member
Activity: 968
Merit: 515
A migrant who is away from his family is in constant need of a forum to send and receive #money. A platform facilitating easy and quick #transfer promises FinancialInclusion for them.
https://t.co/ABUvqzvmVQ
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