x

A’Ibom Mathematician Breaks African Record In Crypto Currency

By Ogenyi Ogenyi,Uyo

Barely one week after and Akwa Ibom female chef, Hilda Baci broke and international cooking record, another son of the state, Michael John has broken another record by launching the first native coin on a Blockchain.

The coin which is a completely decentralized crypto currency was born out of the desire to create a new form of payment system away from the fiat currency in Nigeria and Africa at large and was launched in Uyo last weekend.

According to John, the developer of the digital currency and a graduate of Mathematics from the University of Nigeria, Nsukka, the coin is hosted on five different delegated servicers around the world, with completely Nigerian outlook with the name Nairacoin and can be accessed on www.nairacoin.africa

According to him, “Nairacoin-NRC is a crypto currency powered by the latest blockchain technology, and will create fractionalized ownership of real money to make available to everyone, opportunities that have previously been limited to institutional and private high-net worth investors.

“With us, you are fully decentralized and in custody of your funds. Your money is in your wallet, as it should be and cannot be accessed except with login details.NRC is a digital currency(Crypto currency) powered by the latest Blockchain technology, and the first ever native coin/Blockchain in Nigeria/Africa.

“Nairacoin NRC is a fork of Bitcoin Blockchain., with proof of stake and Masternode, an alternative form of payment created for the Nigerian community, using encryption algorithms.

“The use of encryption technologies means that NRC as a cryptocurrency, function both as a currency and as a virtual accounting system. To use NRC you need a NRC wallet. These wallets can be installed on your computer or on your mobile device.

“The wallets are the tool through which you store your encryption keys that confirm your identity and link to your NRC cryptocurrency.”

The mathematics teacher of the Command Secondary School, Efa, in Etinan LGA, recounted challenges occasioned by slow and low participation in the Initial Coin Offering (ICO) stage but thanked God that it turned out successful.

He called for patronage, saying that the project is the pride of Africa but need investors, support and partnership to guarantee huge returns.

“Nairacoin NRC might be a Nigerian project, but it’s not made in Nigeria, Nairacoin NRC is not build in Nigeria… No Nigerian/Africa developer can build and maintain a Blockchain……

“The idea of NRC is to tuple the Naira in cryto, to make the least person in Nigeria to see that the fiat paper currency he/she has could give a better value in cryto. We are gradually moving into web3 and Blockchain… Even Banks are failing.” He concluded

Mr. Michael Nsikak John holds a National Certificate in Education from the College of Education, Afaha Nsit, Akwa Ibom state, first degree in Mathematics from the University of Nigeria, Masters of Science in Mathematics, from Ignatius Ejuru University, Rivers State and presently pursuing his Doctorate degree in Akwa Ibom State University, Mkpat Enin LGA.

Hot this week

Ododo Orders Appointees to Return to LGAs for Grassroots Mobilisation on CVR

By Noah Ocheni, Lokoja Kogi State Governor, Alhaji Ahmed Usman...

Asaba Tragedy: Dangote Truck Kills Eight, Injures Many in Delta

By Anne Azuka At least eight people were killed on...

KADSG Warns El-Rufai Against Alleged Plot to Destabilize Peace

By Achadu Gabriel, Kaduna The Kaduna State Government (KADSG) has...

UDUS Graduates Over 4,000 Students at 42nd Convocation

By Muhammad Ibrahim, Sokoto Usmanu Danfodiyo University, Sokoto (UDUS) has...

Gov Mutfwang Distributes Nutrient Supplements to Tackle Child Malnutrition in Plateau

By Israel Adamu, Jos The Plateau State Government, in collaboration...

We Are Facing Series of Challenges in the Institution — Prof. Bashir Garba

By Muhammad Ibrahim, Sokoto The Vice-Chancellor of Usman Danfodio University,...

KADSG Warns El-Rufai Against Alleged Plot to Destabilize Peace

By Achadu Gabriel, Kaduna The Kaduna State Government (KADSG) has...

Insecurity: Leave North-Central out of your propaganda, lies – APC Forum knocks El-Rufai

By Israel Adamu, Jos The North-Central All Progressives Congress (APC)...

UDUS Graduates Over 4,000 Students at 42nd Convocation

By Muhammad Ibrahim, Sokoto Usmanu Danfodiyo University, Sokoto (UDUS) has...

FG Tasks Agency Chiefs on 100% Performance in 2025

By Francis Wilfred The Minister of Interior, Dr. Olubunmi Tunji-Ojo,...

Alleged Blasphemy: Woman Lynched, Burnt to Death in Niger Community

By Achadu Gabriel, Kaduna A restaurant operator identified as Amaye...

9th NYG: Athletes Ready as Track Events Kick Off in Asaba

By Anne Azuka Athletics events at the ongoing 9th National...
spot_img

Related Articles

Popular Categories

spot_imgspot_img