“Elon Musk will return to Bitcoin”

In addition to the stir, the adoption of blockchain in Austria is progressing. Austrian Post’s crypto tickets are becoming more and more sophisticated.

The Austrian Post is still on the crypto course. The blockchain-based “crypto ticket” launched in 2019 will be in its third edition on May 21 – new works included.

Crypto Stamp 3.0: NXT Meets NFC

like Before both versions The new crypto tickets are digital twins. The blockchain has exactly one digital equivalent for each analog postage stamp. The digital twin of the crypto stamp appears when the owner reads the NFC chip integrated into the brand with their smartphone. The authenticity of crypto tickets can also be verified using an NFC scan.

While analog brands are similar to each other, digital twins come in five colors with varying rarities. Anyone who reminds of digital collectibles as irreplaceable tokens is the spot. The digital twins based on Ethereum are ERC-721 tokens. This means that they can also be exchanged between users. Analog stamps have a face value of 9.90 euros and can be used as classic postage stamps. Apparently, Post has found an off-chain solution to keep the notoriously high transaction fees under control with Ethereum. It says in the press release that BTC-ECHO has received:

We have also made major improvements to the blockchain technology, which serves as the crypto stamp base. As a result, the transactions of crypto tickets can be easily and cheaply processed between owners in the future. Also, it opens up a wider field of new works for the future

Stephen Nemeth, head of product management and e-business branches at Nesterreichische Post AG

New crypto stamps are running from May 21, 10:00 am. Crypto.post.et pre order. Regular sales of the crypto stamp 3.0, which is limited to 100,000 units, will begin on June 21. A Web3 Wallet (e.g. Metamask) is required.