By Ollie H - Cryptocurrency Broker - 15/08/2021
Padlock has now officially been launched by the Porta Network. The Porta Network is one of the latest projects with blockchain-based applications and technology that aims to achieve Web3 adoption.
The network is known for being abundant in its features within the platform. Porta also uses Nominated Proof of Stake for its blockchain platform; the idea behind using Proof of Stake (PoS) is to help provide easier access and a simplified experience for users.
With 3-second block timings on the Porta platform, the technology from the blockchain function provides three key features, Governance, Staking, and Privacy.
The complexity of the wealthy-in-feature networks continues to grow as they also use multi-signature wallets and proxy accounts; these two significant features provide more advanced security levels to the platform. Beyond the two primary security features, there are also Identity Management functions available but are not required.
Aside from the technical aspects of the network, the Porta platform provides users with the ability to develop their own crypto market investment as well as smart contracts.
Furthermore, the latest Testnet Padlock will reportedly contain multiple functions and features. The idea behind Padlock is to allow users of the platform to try out features when designing their digital currencies to add to the crypto asset market purposes.
Developers can utilise the blockchain feature to build their applications further to integrate them with the network. One feature, in particular, that's worth noting is a beginner-friendly wallet accessible to anyone that wishes to connect with Porta blockchain applications. Another feature is that Padlock was designed with a simple interface to make it easier for newer users.
If you are looking to Buy and Sell cryptocurrency, but you’re not sure where to buy Bitcoin (BTC) then you can head over to BC Bitcoin where you can safely start investing today
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards