We all know that the app stores of Android and iOS are counting millions of dollars in revenues and downloads on a daily basis. The platforms grew by 15% this year and have a reach of over 50 billion covered devices online. The revenue, on the other hand, is close to $15 billion for the Google Play and Apple App Store together as the most widely used mobile marketplaces in the world.
This duopoly has made Google and Apple winners in their own segment – able to impose a 30% cut on all purchases, app downloads and in-app items. However, the plans for the future are endless for Apple and Google – with AppCoin is definitely NOT one of them.
‘So, what’s the deal with AppCoin?’ – you are asking yourself.
Basically, AppCoin is a platform that wants to change the entire app ecosystem using the blockchain technology. Just like the blockchain itself, it aims on promoting sales and transactions that will disrupt the traditional app economy (which is worth $77 billion today and may double by 2020).
AppCoin is not only aiming to create a decentralized marketplace. Moreover, it aims to improve the apps maintenance in the store and enforce security measures that will guarantee the integrity of every transaction made. Thanks to blockchain, there will be no data leaks and privacy concerns – not to mention that the app manufactures will get a fair share of every sale (instead of the 70% they are getting nowadays).
So in a nutshell, there are three main functions of app stores:
- in-app purchases and
- app approval
While Aptoide (another platform on blockchain) wants to move these three functions to blockchain and revolutionize the mobile app industry with a new store protocol – AppCoins. Thanks to smart contracts, AppCoins will act as a medium of exchange between end users and developers that will improve user experience and market efficiency through the smart contracts technology.
YouTube Purge Comeback: Davinci Reports His Channel Was Blocked Again
“Yes, of course! The fact that it happened once shows that it’s completely possible again in the future. However, I don’t think it’s likely that my channel receives any strikes again in this specific purge, because I was reinstated after manual review. But, I think it’s important just to realize how much power YouTube has over YouTubers.”Also, there are a lot of people that think about the content sharing platform that is owned by Google, as a power monopolist, which is bad for the content creators. They have over and over again emphasized decentralized media sharing platform as a good alternative. Which lacks the centralized part of authority, which will eliminate the ability to ban or delete videos on the concrete topics, such as cryptocurrency.
Bithumb Filed Complaint Against The National Tax Service
“We paid the full amount and have since been preparing for arguments. We believe we will be given a chance to clarify our stance in court.”The withholding (retention) tax must be paid to South Korea by the payer of the income and not the recipient. The Tribunal has to bring a decision on the case in a deadline of 90 days. The defense of Bithumb is grounded on the fact that cryptocurrencies are still not recognized as currencies by the South Korean law, and that authorities should not tax them based on that.This is where the arguments crash. The National Tax Service (NTS) considers that the gains withdrawn in Korean Won from foreigners must be taxed. But experts on the issue are supporting the argument of Bithumb, that cryptos are not still regulated under the tax laws of South Korea. An adviser to the Financial Supervisory Service, Choi Hwoa-In Supposedly talked about this:
“Bitcoin under the current law is not an asset. It is clear and simple. The Ministry of Economy and Finance already made that clear. The NTS pushing ahead with the tax imposition is baseless and groundless, especially since it is still awaiting the ministry opinion on the same matter it sought again.”
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