Taler Coin

Taler Coin Review

When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This is a review of Taler Coin.

Origin & Background

Denis Lavnievich and Sergei Lavrinenko from Belarus are the energetic due behind the Taler cryptocurrency (TLR). Also, it launched in September last year and has increased in value by more than 400% since.

Moreover, in contrast to many other countries, Belarus has welcomed cryptocurrencies and all that surrounds this increasing market. On 22 December 2017, Alexander Lukashenko published his game-changing Decree Number 8 (the Decree on Development of Digital Economy), which came into effect on 1 April 2018.

Decree Number 8 states, inter alia, that cryptocurrencies and ICOs are legal. It enables for zero commission when converting cryptocurrency into fiat. Additionally, there is no income tax or VAT applied to cryptocurrency transactions. Anyone desiring to benefit from these new liberal rules has to build a company in Belarus and employ local people. In this new atmosphere the Central Bank of Belarus, rather than hammering down on cryptocurrencies, has carefully welcomed the improvement. This benefits also the Taler Coin. The name Taler comes from a medieval Belarus coin, and holds significance for the country.

Sergei Lavrinenko (one person in the founding duo behind Taler Coin) is a software manager with an intense interest in all things related to cryptocurrency. He stresses that the Taler is not a commercial project. But, it is one aimed at socially re-engineering the technical resources in Belarus. It can be used for various reasons from small private payments to savings and using it as bonus token in a partner network.

Taler Coin is a traditional centralized electronic cash system similar to digicash. Therefore, it shares the same weaknesses; including trusting a centralized operator and difficulties with honoring property ownership.

Pros

• Taler Coin makes mining more efficient on easy devices and provides asic-resistance.
• No-one controls the Taler blockchain. Anyone can generate his own infrastructure or use Taler as he desires.
• Taler should be an arbitrator between Belarusian businesses and clients and not only tentative toy.
• Belarus is the first country in the region that has completely legalized cryptocurrencies. This makes the legal environment for Taler Coin more safe than corresponding legal environments for other cryptocurrencies.

Cons

Finally, we have not identified any obvious disadvantages with the Talercoin.

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