more-inA Hyderabad-based entrepreneur, Prashant Surana, plans to introduce his own cryptocurrency, one of the first in the city, for online gaming enthusiasts. Called the Universal Gaming Coin (UGC), the coins can be bought with Ethereum and Bitcoin cryptocurrencies. The UGC would provide Blockchain chain-powered platforms to the online gaming industry. With Blockchain, Mr. Surana and his team want to bring 100% transparency across the ecosystem and help regulators keep track on real-time basis. “All this will be a thing of the past,” said Mr. Surana and added that the UGC wanted to utilise a single currency while giving total power to the end user.

Source: The Hindu February 09, 2018 02:15 UTC