Madbyte Update — August 1, 2021
When the Madbyte coin was created back in early 2017 as a Proof-of-Work minable coin, Bitcoin was about $1000 USD in value. The prediction in 2017 was that BTC would end the year at about $3000 by several different people. It overshot it to almost $20,000. Today we are at about $40,000 with many predicting $100,000 by the end of the year. Though, there are also several who are looking for BTC to dump back to $20,000.
When we created our Madbyte coin, we were interested in learning more about how crypto currencies worked and what it takes to run a digital currency. We created mining pools, dipped our toes into ASIC mining hardware, and helped with the creation of a crypto exchange. In 2019 we swapped our coin into an ERC20 token to prevent the PoW minable coin from being 51% attacked since it had such a small community mining it.
The crypto digital asset space is young, with many things still to be tried and tested. There will be many new crypto projects that will come and go. For the last 9 months we have been writing a newsletter that covers research on a different crypto each week. This week we are on our 40th MadCapx newsletter and slowly we have seen our base of readers grow. It has been a paid newsletter up to now, but as of the next newsletter we will make it free and open for all to read.
All the best,