Bitcoin Alternative Franko (FRK) Merchant Adoption Rates Soaring As Value Increases Another 500%

Franko Digital Currency Logo

Franko (FRK), the fair, rare and fast digital currency, has risen in value by another 500%, right after last week’s 500% increase in value. As of the time of writing, one FRK is now worth over six dollars in Bitcoin equivalent. Merchant adoption rates of Franko are also soaring, with E Pawn, a nine-store chain in Atlanta, recently announcing they are accepting payment in Franko. Merchant adoption is set to further increase as CoinPayments.net has just integrated Franko support into its popular crypto payment gateway and invoicing solutions for merchants.

Thanksgiving week saw an incredible rise in value of many digital currencies. Franko’s rise stands out after seeing five-fold gains for two weeks in a row. Franko can be traded on Cryptsy and Coins-E, and Franko trading will also be included in the soon to be launched Copia Market.

CoinPayments, the crypto payment gateway which has fueled merchant adoption of many digital currencies has just announced Franko support to its growing list of supported currencies. Online merchants wishing to accept Franko as a payment method can now easily issue invoices in Franko and accept FRK through Coinpayments’ solutions. CoinPayments allows merchant invoicing as well as instant Franko payments through their merchant payment gateway solutions.

E Pawn is the largest chain of pawn shops in Atlanta; with a great selection of items for people to buy at bargain prices. In a world first it is the first bricks and mortar store on the planet to accept payment in Franko. Crypto-knight.org has also just announced it is now selling Franko for cash.
With both value and merchant adoption rates soaring (including the bricks and mortar variety) Franko is poised to be a winner in the currently exploding digital currency space. Even more importantly, behind Franko is a solid, healthy and growing ecosystem. This bodes well for the longevity and continued value of the increasingly popular digital currency.

Official Franko website: http://www.frankos.org/

Franko Payment Processor For Online Merchant Payment Gateways and Invoicing in FRK: http://coinpayments.net

Franko services and exchanges:

FRK on Twitter: https://twitter.com/FrankoCurrency

Media Contact:

Name: Christopher Franko

Email: contact@frankos.org

Franko Accepted Here Button For Merchants Use:

frankosaccepted

For the technically minded here are the Franko (FRK) protocol details:

  • Similar to Litecoin, Franko utilizes a Scrypt based cryptographic algorithm for proof of work.
  • 30 second block target.
  • Mining difficulty re targets 4 times per day.
  • 0.25 FRK per block reward, halves every 22 million blocks.; approximately every 44 years. Halving the block reward, combined with Franko’s low block reward to begin with, ensures FRK is scarce, retaining and improving in value.
  • Only 11,235,813 Franko will be minted in total.

This Press Release is for informational purposes only and should not be taken as investment advice. Please consult with your financial advisor before investing in FRK or any other digital currency.

Franko Screenshot

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Bitcoin Alternative Quark (QRK) Increases In Value 500% In The Last Week – Features Accessible CPU Mining

Quark Logo

On July 21, 2013 new digital currency Quark (QRK) was announced on the Bitcointalk forum; an open source blockchain based digital currency using six different hashing functions—designed to be more secure and easier to spend than Bitcoin. The Quark protocol has a blockchain speed of just 30 seconds with a high per block reward. Transactions take only three minutes to confirm. It is also geared towards CPU mining, making it accessible for anyone with a computer to mine. Quark currently has over 20 merchants accepting it as a payment method, and the currency is traded for Bitcoin on digital currency exchanges Cryptsy, Coins-E, and Bter and will soon open up on Chinese exchange btc38.com. As of the time of writing one Quark is currently trading for $0.20 USD per QRK equivalent in Bitcoin: this is an increase of over 500 percent in just one week. The Quark / Bitcoin currency pair on Cryptsy has the highest volume by far of all the 92 digital currency pairs which can be traded there. The project has an extremely active community, with already two forums dedicated to Quark; there are wallet clients for Mac, Windows, and Linux.

One of Quark’s developers, Kolin Evans, was recently interviewed by Bill Still of the Still Report as part of a four day feature on Quark which ended on Thanksgiving Day. Kolin explained the purpose of the Quark currency is to build on what Bitcoin has accomplished and improve it to make it less centralized and more accessible than Bitcoin. Quark is also designed to be mined with CPUs rather than specialized hardware such as ASICs; meaning that anyone worldwide with a computer can mine QRK.

With a blocktime speed of just 30 seconds and a transaction confirm time of just three minutes (6 blocks), Quark is fast, alleviating some of the long Bitcoin transaction confirm wait times. Security is a top priority for Quark. With nine rounds of hashing using six different hashing functions, the Quark network is not only secure for the present, but is well prepared to deal with future unknowns. With a short term for mining the majority of the coins—out of 247 million to be mined in the first six months, 245 million have already been mined—this ensures that additional mining will not dilute the value of the currency. However, there will never be less than a one QRK reward per block, amounting to an annual increase of one million QRK, or a yearly inflation of 0.5 percent. Quark is also designed to be mined with CPUs rather than specialized hardware such as ASICs, meaning that anyone with a computer can mine them.

Two features make Quark easier to use as a currency than Bitcoin. First is the larger amount of coin that will be placed in circulation — 247 million (plus an additional one million per year) compared to only 21 million ever for Bitcoin. This makes it possible to deal in whole units of currency, or at least large decimals, rather than thousandths of units, or out to the third and fourth decimal place, as is becoming standard with Bitcoin. Second, the annual inflation rate provides an additional motivation to actually spend Quarks rather than view them as an asset to hold or speculate on. As of this writing, over 20 merchants already accept Quark as payment and with its recent acceptance by CoinPayments.net, many more will soon follow.

Quark comes on the scene at a time when interest in cryptocurrencies has never been higher. Within days of being announced it could be traded on three different exchanges, making it possible for many people to hold it. It can and always will be primarily mined with CPU’s — ordinary computers. By the end of the initial six months when the vast majority will already be mined, Quark will have a broad base of support among users. This combined with its quick adoption by merchants makes it a good choice for spendable currency.

With its multiple hash protocol, its availability to people with limited resources to buy or mine, and its large market cap of 247 million, Quark is poised to not only be a solid digital currency investment but a usable currency as well. Online merchants worldwide are able to accept Quark for payment by using CoinPayments.net, and QRK is about to be listed on the Chinese exchange btc38.com. Quark is well positioned to quite possibly bring huge benefits to both investors and end users.

Official Quark website: http://www.quarkcoin.com/

Official Quark Forums: http://quark.freeforums.net/

Quark Exchanges:

https://bter.com/
http://cryptsy.com
https://www.coins-e.com

Full List of Merchants Accepting Quark: http://quark.freeforums.net/thread/30/list-merchants-accepting-quark-payment

Quark Payment Processor For Online Merchant Payment Gateways and Invoicing in QRK: http://coinpayments.net

Buy Anything Online With Quark: http://quarkspend.com

QRK on Twitter: https://twitter.com/quarkcoin https://twitter.com/kolin_Quark

Media Contact:

Name: Kolin Evans

Email: k.evans.cryptocurrency@gmail.com

For the technically minded here are the Quark (QRK) protocol details:

  • Super secure hashing: uses six hashing functions (blake, bmw, groestl, jh, keccak, skein) in nine rounds. Three rounds apply a random hashing function.
  • 30 second block target.
  • Mining difficulty retargets every 20 blocks with a maximum 10% up and 50% down.
  • 2048 QRK per block reward, halves every 60480 blocks.; approximately every three weeks. Block reward will never drop below 1 QRK per block.
  • 247 million QRK will be mined in initial six months (245 million have already been mined), and 1 million will be mined every year after that—a 0.5% inflation.
  • Designed for accessible CPU mining; not enough reward for specialized mining hardware.

To order a Bitcoin Press Release for your Bitcoin business please click here.

This Press Release is for informational purposes only and should not be taken as investment advice. Please consult with your financial advisor before investing in QRK or any other digital currency.

Quark Screenshot

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