A small fairly launched open source crypto currency was born 7.maj 2016.
LanaCoin is one of the first personalized cryptocurrencies ever created.
LanaCoin is an open source creation from a slovenian systems administrator Jure.
Launched as a birthday present for his daughters 10th birthday, LanaCoin genesis block was mined at unix time of Lanas 10th birthday, making it a pioneering project of its kind. The birthday numbers 7.5.2016 can be found in almost every corner of the blockchain parameters.
Lana is not the first such blockchain. The first of its kind is actually NevaCoin.
LanaCoin a hybrid proof of work / proof of stake open blockchain.
Proof of work miners compete for PoW block rewards while LanaCoin owners compete for proof of stake blocks by staking their LANAs. At time of writing LANAs circulating supply is 951M LANAs out of 7,506 B that will ever be created.
LanaCoin development has been slow and steady while developers have made no initial promises or posted a roadmap full of uncompleted deadlines.
Based on the posts from BitcoinTalk forum, twitter, facebook and telegram one can clearly learn that the reasons for this type of slow and steady development exist and Jure points out that the ico world has changed the nature of blockchain startups a lot, since a lot of startups get millions of $ in funding but almost all fail to deliver their product or service statet in the whitepaper and refuses to use the same approach with his own blockchain projects.
„Mojority of our small community are early cryptocurrency adoptors that understand how bitcoin was born, developed and matured and therefore appreciate the way Lana is being developed, while the ICO world mostly attracted short term moon/lambo chasers that are shurelly not really happy at the moment.
I have nothing against anyone, greed is a human feature not a bug, i have never promised anyone any returns, i dont even advice people to buy LANA or any of my other blockchain ventures, if you cant find a reason for your self to get involved in the project, its better you dont, we dont want lambo chasers in our comunity, but people that will use it once we start delivering the real world applications like e-commerce. If you are fine with a nice family SUV instead of a lambo you are more than welcome but feel free to chase the lambos“.
Lana is now slowly waking up with a release of an electrum based mobile wallet called CryptoWallet.si , featuring native support for LANA, ARCO, NEVA, TAJ AND NETKO.
Bitcoin association Slovenia had its yearly picnic „CryptoPiknik2018“ on the 15th of september and all the guests at the picnic had the opportunity to tryout the new light mobile wallet amongs the first. Guests that installed the wallet also had the option to draw a randomly topped up LanaCoin paperwallet and sweep the private keys of the paperwallet with the new wallet private key sweep feature built into the wallet. Paper wallets where randomly topped up from 10 to 10.000 LANAs. Since the paper wallets where not marked with the ammounts they hold, there is no way of knowing if the 10.000 was even claimed. Jure promises to giveaway the leftover paperwallets at the next seocial event that comes around. Meanwhile you can get your first LANAs with no strings attached on the LanaCoin facebook group where the active giveaway is taking place.
While mobile wallet is an essential to have its for shure not the only thing being rolled out in the Q4 2018. Lana is proud to be the 6th blockchain based assett to be announced and listed on the newest cryptocurrency exchange launched in late july 2018 named Tokens.net by one of the pioneers of the cryptocurrency space and cofounder of Bitstamp, Damian Merlak.
Available trading pairs are still begin discussed and the listing of LANA is set to take place by the end of september.
„We went thru the same due dilligence for LANAs listing on Tokens just like the rest of the assetts currently trading on Tokens and i am honoured to have LANA approved for listing on a trading platform that will in the future be widely used. Tokens and their volume transparency model with its native DTR token destruction events is a real refreshment and this is something that is very important for me as well since i do my best to do things the honest, open and transparent way. In IT world business integrity is all you have besides your knowledge and i am doing my best to keep my integrity in blockchain space as well.“
One of LANAs latest partnerships and integration is with a young service provider named Kriptomat. Kriptomat is a service for buying, selling cryptocurrency with your bank account and soon with credit cards as well. Kriptomat.io also features a custodial cryptocurrency wallet and a dedicated team of supporters while their knowldgerbase/blog is fully packed with easy to understand cryptocurrency educational materials that are word having a read if you are a type of users still learning about blockchain and cryptocurrencies. Lana is on the roadmap for integration sometime in mid october. There is also going to be a massive LANA giveaway on Kriptomat , but the giveaway service will not imposed on its users but instead there will be an option button to claim your LANAs. What a users decides it up to them.
Last but not least LANA is on the roadmap for integration into the latest state of the art hardware wallet BCVault. The genesis batch of BCVaults will be out for delivery on 1st october 2018. Lana will not be integrated within the first device release batch but the team at Real Security have scheduled the integration of LANA for the next update. The market for hardware wallets is very small but its also evolving fast and the creators od BCVault have a dedicated track record in the IT security sphere and their product is bound to be a state of the art security device for keeping user private keys secure. Readers are advised to dedicate some time reading the BCVault blog for more information.
For those that understand the importance of private key security and want to be one of the first to own BCVault there is a special coupon code that will take 10€ off your order at the BCVault shop. Use „blockmaster“ code at checkout.
LanaCoin is clearly becoming a serious cryptocurrency that will have its place in the distributed blockchain economy.