morning traders 17 / 7, page-19

ASX: CT1 have surprised the market and raised at a premium from Penta Blockchain.

https://www.penta.global/about.html#KeyTeam

The Penta team have an offering in the works with superior scalability to Bitcoin as well as a fairer consensus based network called Dynamic Stake Consensus (DSC) - not dominated by huge Bitcoin whales.

Penta CEO David Ritter:

"Dr. Melnikoff and I launched Penta to be an ecosystem that reflected our value system: a sustainably decentralized platform with a fair incentive structure. This is our response to a huge problem in the blockchain space – in order to increase scalability many platforms are sacrificing decentralization, and with it, fairness. Let me unpack those terms a bit. Bitcoin can process about 7 transactions per second (tps), while Visa and Mastercard are somewhere around 30,000 tps, and Alibaba is over 100,000 tps. In order for blockchain platforms to have significance in the real world economy, they will have to scale up to much higher transaction processing speeds. Scalability is difficult to achieve from a technical perspective, because the very nature of distributed ledger technologies, like blockchain, is that they are decentralized and distributed. Having a distributed network increases latency and generally slows down the process of validating and recording transactions, relative to centralized systems."
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The core members of this project are coming from tech and financial organizations from across the world. According to the whitepaper, some of the team members have worked with NASA, Google, Morgan Stanley and Deutsche Bank.

CT1 are adding customers just about every other day:

http://au.ccp-network.com/