It has been a long while since we took a first look at Karma (formerly KarmaCoin), and I have to say, it seems like a lot has changed since last time. The ideals are still the same, as it’s all about doing good and rewarding people who do good, so let’s see how things are going!
Karma is and always will be a Crypto, designed and developed by the community for the community. It’s always good to have an easy way for people to reward others who have done good, or helped them in any way, shape or fashion.
Each and every one of us can make the world a better place, in our own way. Karma wants to both stimulate and reward doing good deeds. But it doesn’t stop there, as you can also send Karma to friends in need, family members, and so much more!
One of the key elements when sending donations or regular money to beneficiaries, is the need for it to be with as little costs , and as fast as possible. Karma has all those bases covered, as transaction fees are minimal, and it only takes a few seconds to complete a transaction.
Ever since the community took over KarmaCoin and rebranded it to Karma, we have seen a lot of hard work and dedication from the entire community. KarmaShares LLC is one of those examples, which is a new type of organization designed to reward the Karma community through a variety of for-profit and non-profit projects.
There is a very extensive guide on what KarmaShares are, how you can get them, why you SHOULD get them, and much more. For more details, click here. One thing of notice,is that membership is only available to non-US citizens. Interesting choice, wouldn’t you agree?
Whereas most “current generation” coins are looking to implement various tricks like different algorithms, merged mining, Proof-of-Stake and whatnot, Karma is staying away from all of that. The team did change to Proof-of-Coin , which generated KarmaShares LLC, and allowed the team to mirror Proof-of-Stke without changing the underlying Proof-of-Work model.
Several Karma-related projects are in development, with LiLL being a prime example. “The ability for businesses to bypass standard advertisements in favor of a faucet type system based on search actions is an entirely new process. We can begin to envision a web where advertising is completely optional with micro-transactions based on Karma.”
For more information about LiLL, check out the website at http://LiLL.com . (This project is currently in beta).
I would also like to point your attention to a fairly recent Karma article which was published on CoinJoint. A lot of useful information can be found there, as well as some very interesting quotes. You can find the article here.
Karma has been nothing short of an amazing Crypto, and many developers could learn a lesson or two from the Karma development team and community. Despite some harsh times, this coin keeps pushing forward, innovating and launching new awesome projects, like LiLL.
For the financial aspect of Karma, you will find on several exchanges, including Cryptsy, MintPal and Bluetrade, Most exchanges have it listed in the Litecoin trading market, but that shouldn’t really matter. Karma is about rewarding people for doing good, and not about making a ton of money overnight.
To find out more about Karma, make sure to check out the following sources :
Karma website : http://www.karmacoin.me/
KarmaShares website : http://www.karmashares.com/
LiLL website : http://www.LiLL.com
Karma on BitcoinTalk : https://bitcointalk.org/index.php?topic=579973.0
Karma on Twitter : https://twitter.com/karmacoinme
Karma on Facebook : https://www.facebook.com/karmacoin.me
KarmaCoin donations are welcome to : KV1DVbz7DHhAgVKAQHs8FWokkCRhnnJUwg