Free Bitcoins for Daily Scratchcard is an innovative concept based on the work of the blockchain technology. The work is done by four IT students who are majoring in Information Systems and Cybersecurity at the University of Illinois at Champaign. They have created a free scratchcard that anyone can download to their computer, which qualifies them for a free because they are the highest hashrate among competing solutions in the marketplace. Their project is part of a joint effort between researchers from University of California, Berkeley and the University of Melbourne in Australia to create software called the "Bitcoin Scratchcard".
This free bitcoins for daily scratchcard was originally intended as a means to allow members of the academic community to experiment with the distributed ledger technology without the cost. The software, however, quickly became popular among other market participants because of the high profit potential. The project’s creators are now seeking to expand its scope and attract companies interested in embedding it into their own scratchcard applications. One of the projects goals is to enable companies to provide their employees with a free and fully functional version of the popular bitcoin wallet. The feature would allow employees to conduct major transactions off-site and make use of their own unique private keys rather than using their company’s default public key.
Currently, the software is available as a freeware which may be downloaded from the website or purchased as a version compatible with the open-source ecosystem. The developers are hopeful that this will help raise awareness for the benefits of the distributed ledger technology and that more companies will adopt the solution once the software is available as a free product. However, it appears that the developers intend to apply the technology to commercial products in the future. A recent post on the Iota Foundation’s blog identified the organization’s intention to "furnish [its] third-party partners so they can integrate [the scratch card application] more readily into their own enterprise architecture." The post goes on to state that this will "allow members to share and communicate real-time business information, as well as collaborate with other company members in real-time."
The release of the free daily scratchcard by BitPond is part of a concerted effort by the Iota Foundation and the World Federation of IT Professionals to engage the public in promoting the use of this open source technology. The post goes on to state that the project "will also work with the FIS, to develop a formal benchmark report and follow-up plan." The announcement comes just days after the release of the highly anticipated annual Fintech Report which was released during the same time as the Iota presentation. The latter report was largely positive in its criticism of cloud mining but did express some concern regarding the lack of regulatory guidance pertaining to the industry. The report also urged market participants to be "particularly concerned" about the impact of the project on existing institutions and their customers. The free daily scratchcard launched by BitPond coincides with the release of this report.
This is the first major promotional product to be launched in relation to the bitcoin cash platform. The free daily scratchcard gives a user a free opportunity to explore the smart mining technology behind the popular virtual currency. The prospect of making profits from the use of this free software in conjunction with the conventional financial markets has long been recognised by both industry watchers and those new to the process of smart mining technology.
The free software has been developed in order to provide a user with a free and easy way to test the profitability of using a variety of virtual currencies. The free software was initially developed by a company called 21, today named Bit industrials. The project began at the request of a number of members within the currency community. At present BitPond is led by Ryan Shea, an Australian businessman who has spent the last six months perfecting the mining software. The early testers are being encouraged to send in their comments and suggestions in order to improve the product before it is released to the general public. It is believed that the latest version of the free smart currency software will enable the testing market to operate twenty-four hours a day, six days a week.
The free daily fantasy scratchcard is the brainchild of the accomplished virtual currency investor, who is candid willing to share his design with the open source community. In order to take advantage of the potential of the new code architecture, the project leader has initiated a donation campaign. The aim of the fundraising drive is to enable the development team to hire several full-time developers to assist in ensuring that all aspects of the project to move forward smoothly. The free smart currency solution can also be obtained for free and the cost of the transaction was met by several charitable organisations. It is hoped that with the additional investment in the two businesses will join forces and benefit from the unique opportunity that is offered by the new code architecture.
At the conclusion of the free weekly update, the author explains that the latest upgrade will make it possible for the end users to interact with the application directly through the online website. Although there are still a few bugs to be ironed out, the interface is already remarkably user friendly and intuitive. The process of updating the application will require the user to login to the Google play store using their smartphone and then accepting the terms of service. Once this has been completed, the free hero member offline activity can be downloaded and activated and the process of securing the highest hashrate among competing solutions will commence immediately.