Civic, currently an ERC20 token under the leadership of Vinny Lingham, has been quietly picking up steam in recent weeks.
Among the less "active" tokens on the market, many long-term holders may be feeling restless and impatient with their Civic holdings. The time may soon be coming for Civic to make some big moves.
The biggest of these changes is coming soon -- moving from status as an ERC20 token to Rootstock on the Bitcoin side-chain. Rootstock (RSK) is a side-chain solution that is pegged to Bitcoin and will act as a smart-contract platform, much like Ethereum. Rootstock will launch in beta as it moves to the next stage in testing and implementation on December 4.
If this latest move proves successful, Civic should be ready to take flight. It is one of the first use-cases of Rootstock and may prove to be a broad success with its implementation of ID verification and fraud protection capabilities. It is planned to be used for ID verification for banking and exchanges, for example, as well as age-verification, passport checks, account logins without the need for usernames and passwords, and even, in the further future, voter ID. Because of blockchain technology, Civic can reduce many of the problems associated with ID verification and fraud.
Watch for Rootstock news carefully over the next little while and keep an eye on Civic. It could be time for this sleeping beast to awaken.
Bought a small amount 10 days ago, hoping it will take of :)
Nice post! I upvoted and followed you. Can you check my last blog post about crypto: https://steemit.com/cryptocurrency/@cryptoizotx/crypto-market-sentiment-update-december-4-2017 ?
"picking up steam" love it, haha.
I've been watching Civic for some time now but have resisted buying into it. I do believe it's a worthwhile project and they seem like they'll hold the position of market leader in the space.
The talk about Rootstock might just be enough to have me buy in. Thanks for the news!
Yeah I think it's a good buy right now. It's holding steady, but it will launch if all goes well with Rootstock.
Good post! I believe Civic will pop to at least $1 within 2 months.