BitConnect is a Ponzi scheme, Ethereum and Litecoin
Still, as pointed out in our previous coverage, House of Companies records indicate that BitConnect has been listed on its registrar under at least three different names bitconnect LTD, bitconnect international PLC, and bitcoin AMR limited. Ethereum allows you to create digital tokens that can be used to represent virtual shares, assets, proof of membership and more. You can either have a fixed amount of tokens in circulation or have a fluctuating amount based on predetermined rules. Ethereum is another cryptocurrency related project that has attracted a lot of hype because of its additional features and applications.
Mainstream integration on the cards for, ethereum Bitconnect
Those interested can look up BitConnects scheme in more detail on their official site, but this is basically what their offer promises (image taken from the official page As you can imagine, this cocky assurance has been greeted with a fair degree of skepticism from. As Buterin pointed out to TNW over email, it has not affected BitConnect Coins price. These smart contracts are compatible with any wallet, as well as exchanges that use a standard coin API.
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Ethereum s Vitalik Buterin: Biggest Bitcoin investment
Ethereum also protects your project from outside influences, while its decentralized network means that you won't face downtime. Another reason for concern is that the stunning popularity of BitConnect has spawned off a number of equally fishy copycat companies, seeking to mimic the business model of the Bitcoin investment platform, but with other currencies. As I recently argued in another piece, when mainstream attention is finally shifting to the cryptocurrency market, every little fail could have huge repercussions for the entire market. Seeking answers about the legitimacy of BitConnect, one concerned Twitter user under the moniker of Ponzi Crypto Coins asked Ethereum founder Vitalik Buterin and Litecoin creator Charlie Lee to chime in with their expertise.
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