Flash Cryptocurrency Releases Peer-to-Peer Functionality for Mobile

Flash is a lesser-known Scrypt-based cryptocurrency which has a growing presence in Venezuela and Africa. It is not designed to be a proof-of-work system, although it uses mining to verify transactions and secure the network, but instead focuses on transactions which can settle in a matter of seconds. Their mobile wallet recently integrated a “human ATM” peer-to-peer trading functionality which could be a hit in jurisdictions where fiat money is hard to trust. Places like Venezuela, for example.

As a cryptocurrency design, it may face traction issues due to its technical design – the mining competitions in Litecoin and Bitcoin are part of the spectacle. In Flash, a small number of miners secure the network and process transactions for very little profit. This notwithstanding, Flash has a mobile application that can hold multiple crpytocurrencies – Bitcoin, Litecoin, Dash, and Ethereum (as well as Flash). Notably, Flash is also available in Coinomi , a…