Ethereum Hard fork. 2x of all tokens?

Recently I have received many questions about the Ethereum Hardfork: what will happen with all the ERC20 tokens, which basically are smart contracts deployed to Ethereum. Therefore, I decided to perform a quick research and cover this topic as we are getting closer to Metropolis update, everyone should be informed and understand what will happen.

Hard fork

Blockchain miners run the software to maintain the network, confirm transactions and earn mining fees. The software is being maintained and developed by the Network core developers and community. Main incentives for the miners is profit and for the developers is an effective and fast network. Due to that, it is hard to align the incentives.

Miners select which software to run. Therefore, we have issues when developers propose solutions which reduce mining profits and part of the miners disagree with the proposed solution. At a certain time we have a fork, where part of the miners run one piece of software and other part run another software. This leads us to having two separate chains from a certain block and this results in having a chain split.

Source: http://www.investopedia.com/terms/h/hard-fork.asp

Bitcoin and Bitcoin cash

The bitcoin has experienced a hard fork and a chain split lately. That lead people to having Bitcoin and Bitcoin Cash. The chain split occurred because the miners has been divided into two parts and one side did not want to use the new proposed software.

The result is that both networks are being maintained by miners. From a bitcoin owner perspective, your coins are available on both chains and you can start interacting with both networks. The Bitcoin chain split resulted in having the new cryptocurrency with a third size market cap.

Ethereum Metropolis

Ethereum due to high load on the network cannot keep up with the pace and scale enough. Because of that, Ethereum foundation implemented updates to the Ethereum Miner software under the name Metropolis. Accordingly, the upgrade has now been split into two parts named Byzantium and Constantinople.

Byzantium. This upgrade includes fixing various scalability issues:

  • problem of difficulty adjustments
  • ‘returndata’ operations
  • ‘static call’ operations
  • new precompiles
  • a difficulty delay feature

These are small tech things which won’t be obvious to non-developers. To be more exact, it will solve smart contract issues like re-entrance attack (when untrusted code enters a contract to manipulate it), return data in receipts will make it possible for light clients to determine if a transaction was successful or not with no need of actually executing the transaction in a virtual machine.

The main aspect of the upgrade is a reduction in Ethereum issuance to miners through block mining rewards from the current 5 ETH to 3 ETH. As well it will delay the increase in mining difficulty which was placed there for the Proof of Stake (PoS) upgrade. PoS is delayed, so to keep issuance around the same level as it should have been.

Right now, the best-case scenario involves introducing Byzantium on September 22nd, although it may be pushed back to October 27th if needed. Seek updates within Reddit!

Constantinople. Improvements for speed and deep core issues fixing. The release date is not defined yet.

Hard fork and chain split.

It is unlikely that Ethereum will have two valid chains, as the community is waiting for those updates and there is not much opposition to this proposed hard fork. This means that we might have a hard fork to which all nodes within the network switches and we will avoid chain split. Most likely this is what will happen as Metropolis update was planned from the beginning and there is no reasons not to switch to. Also, there is a huge drawback to stay on the old chain: if a miner stays on the old chain, the Ice Age (built in block mining time increase) will force the node owner to switch and start using new software anyway because block times become way too long to be useful.

There were similar rumours with Bitcoin, but now we have Bitcoin cash. Therefore, it is hard to predict what will actually happen.

2x tokens?

Srouce: https://blockchain.wtf/cryptocurrency-blockchain/erc20-tokens-projects/

In case of a chain split interesting thing might happen. From that point in time we would have two Ethereum chains. All contracts would be available at both chains. It means that ERC20 tokens would be available at both chains as well. Assuming, that both would have enough miners and both stays alive, this might lead to huge confusion within the market. It will be up to exchanges to decide whether support both chains and all of its tokens, or stay with the more popular one.

Exchanges

Exchanges may continue trading during the forks, although deposits and withdrawals may be disabled for some time, check their individual announcements for details. It is not recommended to store your Ethers and other ERC20 tokens in the exchange, as in case of the split, the exchange might delay or even decide not to support one or other chain.

What to do

There is a golden rule — keep your private keys with coins to yourself. Leaving it in exchange during a chain split (if that happens) could result in two main things:

  1. Your Ether and tokens balance will stay the same on the chain which wallet provider selects to support and you will be able to use those token as usual on that chain.
  2. Your wallet provider will offer you a chance to keep your token balance on both chains or to choose one of them. However, it might take even a month for exchange to actually enable those tokens transfers.

Enjoyed the article? Please let me know that by recommending it to others by clicking green CLAP below.

Click follow, if you want to get more insights on blockchain and smart contracts!

Sources: Trustnode, Cointelegraph, Reddit

Ethereum Hard fork. 2x of all tokens?

Recently I have received many questions about the Ethereum Hardfork: what will happen with all the ERC20 tokens, which basically are smart contracts deployed to Ethereum. Therefore, I decided to perform a quick research and cover this topic as we are getting closer to Metropolis update, everyone should be informed and understand what will happen.

Hard fork

Blockchain miners run the software to maintain the network, confirm transactions and earn mining fees. The software is being maintained and developed by the Network core developers and community. Main incentives for the miners is profit and for the developers is an effective and fast network. Due to that, it is hard to align the incentives.

Miners select which software to run. Therefore, we have issues when developers propose solutions which reduce mining profits and part of the miners disagree with the proposed solution. At a certain time we have a fork, where part of the miners run one piece of software and other part run another software. This leads us to having two separate chains from a certain block and this results in having a chain split.

Source: http://www.investopedia.com/terms/h/hard-fork.asp

Bitcoin and Bitcoin cash

The bitcoin has experienced a hard fork and a chain split lately. That lead people to having Bitcoin and Bitcoin Cash. The chain split occurred because the miners has been divided into two parts and one side did not want to use the new proposed software.

The result is that both networks are being maintained by miners. From a bitcoin owner perspective, your coins are available on both chains and you can start interacting with both networks. The Bitcoin chain split resulted in having the new cryptocurrency with a third size market cap.

Ethereum Metropolis

Ethereum due to high load on the network cannot keep up with the pace and scale enough. Because of that, Ethereum foundation implemented updates to the Ethereum Miner software under the name Metropolis. Accordingly, the upgrade has now been split into two parts named Byzantium and Constantinople.

Byzantium. This upgrade includes fixing various scalability issues:

  • problem of difficulty adjustments
  • ‘returndata’ operations
  • ‘static call’ operations
  • new precompiles
  • a difficulty delay feature

These are small tech things which won’t be obvious to non-developers. To be more exact, it will solve smart contract issues like re-entrance attack (when untrusted code enters a contract to manipulate it), return data in receipts will make it possible for light clients to determine if a transaction was successful or not with no need of actually executing the transaction in a virtual machine.

The main aspect of the upgrade is a reduction in Ethereum issuance to miners through block mining rewards from the current 5 ETH to 3 ETH. As well it will delay the increase in mining difficulty which was placed there for the Proof of Stake (PoS) upgrade. PoS is delayed, so to keep issuance around the same level as it should have been.

Right now, the best-case scenario involves introducing Byzantium on September 22nd, although it may be pushed back to October 27th if needed. Seek updates within Reddit!

Constantinople. Improvements for speed and deep core issues fixing. The release date is not defined yet.

Hard fork and chain split.

It is unlikely that Ethereum will have two valid chains, as the community is waiting for those updates and there is not much opposition to this proposed hard fork. This means that we might have a hard fork to which all nodes within the network switches and we will avoid chain split. Most likely this is what will happen as Metropolis update was planned from the beginning and there is no reasons not to switch to. Also, there is a huge drawback to stay on the old chain: if a miner stays on the old chain, the Ice Age (built in block mining time increase) will force the node owner to switch and start using new software anyway because block times become way too long to be useful.

There were similar rumours with Bitcoin, but now we have Bitcoin cash. Therefore, it is hard to predict what will actually happen.

2x tokens?

Srouce: https://blockchain.wtf/cryptocurrency-blockchain/erc20-tokens-projects/

In case of a chain split interesting thing might happen. From that point in time we would have two Ethereum chains. All contracts would be available at both chains. It means that ERC20 tokens would be available at both chains as well. Assuming, that both would have enough miners and both stays alive, this might lead to huge confusion within the market. It will be up to exchanges to decide whether support both chains and all of its tokens, or stay with the more popular one.

Exchanges

Exchanges may continue trading during the forks, although deposits and withdrawals may be disabled for some time, check their individual announcements for details. It is not recommended to store your Ethers and other ERC20 tokens in the exchange, as in case of the split, the exchange might delay or even decide not to support one or other chain.

What to do

There is a golden rule — keep your private keys with coins to yourself. Leaving it in exchange during a chain split (if that happens) could result in two main things:

  1. Your Ether and tokens balance will stay the same on the chain which wallet provider selects to support and you will be able to use those token as usual on that chain.
  2. Your wallet provider will offer you a chance to keep your token balance on both chains or to choose one of them. However, it might take even a month for exchange to actually enable those tokens transfers.

Enjoyed the article? Please let me know that by recommending it to others by clicking green CLAP below.

Click follow, if you want to get more insights on blockchain and smart contracts!

Sources: Trustnode, Cointelegraph, Reddit

Bitcoin must become regulated

One of the most surprising claims by bitcoin pundits is that governments will never be able to regulate Bitcoin*, that Bitcoin will ‘free’ us from the steely grip of Reserve Banks and how they manipulate fiat currency for their own gain and screw citizens over!

While this utopian view of what might be is a romantic idea, the truth is that it’s very unlikely to happen in the real world. There are a couple of points why, but it can be summed up as: Power.

* I’m talking about Bitcoin specifically as the cryptocurrency and not BlockChain or tokens or uses outside of it as being a tradable replacement of fiat currency.

Governments have significant power and are not going to give it up anytime soon. Why would they? Governments exist for a single purpose: to collect taxes and spend that in a way to benefit their citizens. (‘Benefit’ is a highly subjective word which is why you so often disagree with how they spend it.) But they are spending it in a manner that they believe to be best. (By this thinking their survival is their highest concern — but that’s another topic.)

Anything that threatens their ability to collect taxes is a direct threat to their survival and they will fight it in any way they can. To survive, bitcoin will need to fall in line with tax regulation.

“But Bitcoin can’t be regulated!” I hear you shout. And you’re right, Bitcoin can’t — but everything around bitcoin can. Government’s control is far wider than just currency. They also control legislation, the police, and business & property rights to name a few. If there is a real existential risk to their survival, why would they not leverage these other powers to protect their revenue?

The Internet is a great parallel here. It effectively can’t be ‘regulated’ either. It’s this amorphous collection of connected servers that share data and files with no central control system other than publicly agreed upon protocols. And governments (for the most part) let it run wild and do it’s own thing — right up until the point where it threatens them. Ask Egypt, Turkey, Russia, Venezuela, or any other country that goes through a chaotic turmoil or Coup, and at the first sign of a threat they shut down the internet.

Of course, governments can’t shut down the actual internet but they can shut down the infrastructure, access, nodes, and companies that support it. ISP’s get switched off, access to international sites get blocked, undersea cables get throttled and a bunch of other ways.

The internet is open because governments let it be open, but when it stops suiting them they are quick to ‘shut it down’. The same will apply to Bitcoin.
[courtesy of cartoonist Jonik and bitcoin.com]

For now, cryptocurrencies are in a crazy frothy growth stage, but the market cap still relatively minuscule when compared to government budgets. As soon as that changes and governments feel that it’s hurting their tax revenue, they’re going to come knocking. They’ll do this using a range of excuses, but most likely under the guise to ‘protect the citizens’ like China recently has regarding ICO’s and threatening the exchanges or because they want to launch their own cryptocurrency and block out the competition…

If governments might do it, let’s look at a couple of ways that they could stop the adoption of bitcoin if they wanted to:

  1. Shut down exchanges
    This is the easiest one for them to do, but would probably be the easiest for people to work around. The exchanges need to be registered companies somewhere, they need to hire staff and they will need to pay something in fiat somewhere along the line. (They do trade in fiat.) Governments can go after and shut down those touch points, imprison the employees and shut down assets by making it illegal.
  2. Fine businesses that accept bitcoin
    This would be a bit of a mission to police, but would be very possible to do. If they passed legislation making accepting bitcoin illegal with a $10,000 fine this would turn many businesses off accepting it. Add a bounty of $5,000 for anyone who successfully reports a business accepting it and you could totally close down the ability for mainstream market use cases.
  3. Leverage inter-government treaties
    Governments work together all the time. Leveraging these treaties will force bitcoin operators into certain districts (like tax havens) but if it’s a real threat then they have all sorts of ways of pressuring these countries too through sanctions. (The US and EU can throw a lot of weight.)
  4. Throttle bitcoin related traffic on the ISPs
    There are certain identifiers on bitcoin related traffic that they could force ISPs to block. It’s a similar way that China blocks Facebook and Google (although this would require slightly more advanced tracking than domain blocking). Encryption could be a way around this, but if need be, governments could go to an extreme and block encryption or find some other way around it if they’re desperate. The US is fielding draft policies around this even without the threat of lost taxes.
  5. State sponsored hackers
    All major governments in the world employ large teams of hackers / developers. If they really wanted to focus their resources to destroying or even just discrediting bitcoin there could easily change any positive sentiment around it or making the network unreliable. Even flooding the network and environment with scams or hacks that flood the network or DDOS attaches could make bitcoin unusable to the general public.
  6. Force identity confirmation for transactions
    I believe that forcing wallets and exchanges to verify identities would actually be a good thing. The thing to note is that bitcoin may be anonymous but is highly traceable. If they can trace a wallet ID to you then they can look through the public ledger for every interaction that your wallet has made. (Which is how they shut down the Silk Road.) So if they forced all endpoints (exchanges, wallets and other services) to verify your identity before allowing transactions they would then be able to track and tax the individuals — even if this would be incredibly difficult to implement in practice.

The important thing to remember here is that Governments don’t need to block bitcoin — they just need to stop it from being widely adopted. Even a negative market perception with enough negative press it could kill the widespread adoption of bitcoin. If it’s relegated to black markets, scams and criminals it’s likely never to get widespread daily adoption — which would prevent it from ever reaching its true potential. Or an even worse fate of it just being used by a small number of people.

While these outcomes are not likely, they are entirely possible and when industry leaders claim things like “bitcoin will free us from governments control” they are either being completely naive or very disingenuous (or delusional.) The best hope bitcoin has of survival is for it to be regulated and for it to work alongside governments and not to be heralded as a way around them. (Self-regulation would be a very positive step forward.)

Governments aren’t all bad, and the bitcoin community would be far better off to embrace and work with them instead of trying to ‘disrupt’ them as they will never let it happen. It’s the only hope of widespread adoption is regulation and bitcoin pundits would be far better off suggesting and supporting regulation than waiting for a government to wake up and throw their weight around.

_________________________________________________________________

I’m just a casual bitcoin fan who believes in its amazing potential but hates the wild bullshit claims and unjustified fluff that surrounds it. I dabble in cryptos and am skeptically observing the tech and possibilities but am continuously surprised by the misinformation being spread around it.

Blockchain community profiling.

Blockchain community profiling.

Imagine private party full of blockchain leaders. In one place you could find exchanges, funds, ICO-founders, media, advisors and blockchain platforms. Actually, it was Shanghai & in Mint club Kraken, Cosmos, Bitfury, Bitmex and other market players have real fun.

But how it’s possible that people with so different backgrounds get together? I can’t imagine this happening in most of the other industries. They would just speak completely different languages. And it’s working on blockchain market. Why? Because young market develops so quickly that it hasn’t “decentralized” on separate communities yet. Now if you are a blockchain leader you need to know trading insights, technology facts, marketing tricks and funding concepts. Here and now traders make ICO reviews. And it’s just ridiculous. Specialists in one particular field became blockchain wikipedias. And medias add chaos to it inviting wrong persons for statements.

What is waiting for us in the future

1. Communities insight blockchain would be decentralized.
2. Traders would stick with trading, coders with coding etc.
3. Specialisations (like blockchain marketing) would go deep (new instruments emerge, expertise flourish, case studies publish).
4. Opinion leaders would be not Guy Kavasaki style guys (“experts on what’s popular”) but have extensive experience in their fields.
5. There would be no ICO experts because ICOs would be dead soon.

India Wants to Issue Bitcoin-Like Cryptocurrency backed by Central Bank

According to Sunday’s report of Business Standard, the Indian government is considering the official launch of its own cryptocurrency based on blockchain technology similar to bitcoin. The proposed cryptocurrency is to be issued and backed by Indian central bank. A committee of government officials has reportedly discussed the project of state-based cryptocurrency and found the idea of running a blockchain for financial services useful:

“The proposal was discussed by a committee of government officials…Whenever the decision is taken, the cryptocurrency will fall in the domain of the Reserve Bank of India (RBI) and some Acts such as the Currency Act might have to be amended. Hence, this will be a time-consuming process.”

Although Indian government officials support the idea of running blockchain technologies, they are still not comfortable with Bitcoin, considering it unreliable. So, the main idea of the proposal is setting up a new government-issued cryptocurrency as an alternative to Indian rupee. The new currency will be named “Lakshmi” after the Hindu goddess of wealth, fortune and prosperity.

As Sudarshan Sen, the Executive Director of the Reserve Bank of India stated in his speech:

“Right now, we have a group of people who are looking at fiat cryptocurrencies. Something that is an alternative to the Indian rupee, so to speak. We are looking at that closely.”

The Indian government is also working on designing a legal framework for bitcoin and other digital currencies. As Money Control has recently reported last week, “the government is going to prepare a framework for bitcoin soon.” The investigation of bitcoin has started by a governmentally accepted committee in April 2017. As a result the committee advised strict monitoring of cryptocurrencies as no immediate restriction is possible, but the government is still not ready to promote non-fiat money.

Earlier this year the Reserve Bank of India issued a warning to all Indian bitcoin holders about the risk relating to Bitcoin transactions. A bit later Indian authorities were about to apply Know Your Customers (KYC) norms to make the transactions safer. However, that idea didn’t succeed as it would lead to legitimizing bitcoins in the country.

Although the Indian government is in search of putting bitcoin and other cryptocurrencies under control, a total ban remains highly unlikely. According to the words of Arun Jaitley, Indian finance minister and the country’s foremost financial official, the last few years have demonstrated a significant growth of India’s bitcoin market, which made investors curious on where and how to invest in bitcoin in India. The most popular bitcoin exchanges in India are Zebpay, Unocoin, Bitxoxo and Coinbase.

The post India Wants to Issue Bitcoin-Like Cryptocurrency backed by Central Bank appeared first on CoinSpeaker.

ICON (ICX) — Korea’s answer to open source hyperconnectivity

This report has been produced by Picolo Research, the leading ICO and blockchain research house, in conjunction with Astronaut Capital, an upcoming coin offering focused on investment management.

Icon is a Korean based company which seeks to establish an open source blockchain ecosystem to be utilized by government, financial institutions and businesses.

The mechanics of the ICON project are focused on the following:

  1. implementation of a smart contract environment named ‘SCORE’
  2. release of a consensus algorithm (named Loopchain) which processes transactions and data in realtime
  3. creating flexibility in the ecosystem so that other blockchains can be connected to the ICON network

Icon is backed by a technology firm called ‘theloop,’ a blockchain focused company that has been the recipient of several private financing rounds already.

Token Sale

Under the code ICX, Icon will be issuing a maximum token supply of 400,230,000 and a cap set of financing at approximately $42,000,000 at an Ether price of ~$280.

The white paper stipulates that 50% of the tokens will be allocated for the crowd sale while the rest are split between various community/reserve funds. A total of 10% will be held by management and advisors.

A Use of Proceeds has also been detailed with roughly 50% of the funds used for operating costs, marketing and business development. The balance is allocated to further reserve funds.

Tokens for Investors

Tokens issued by Icon will be utilized within the ecosystem itself as its own form of currency. In addition to this, ICX can also be used as a generator of new tokens that wish to adopt the same blockchain and smart contract structure as Icon.

It is anticipated that the token (ICX) will be available on the exchange in the latter part of 2017 as Icon moves over to its own blockchain.

Commercial Strategy

Icon has clearly stated both their technical and commercial roadmap for the next 12 months.

Technically, there will be several releases (almost every quarter) relating to a test launch (imminently) and a further Mainnet launch paired with an iOS and Android wallet before the conclusion of 2017. In Q1 2018, it is anticipated that all public channels will be open and available for full integration.

Commercially, Icon appears to be focusing on establishing major partnerships to boost the adoption of their blockchain. In addition to this, they highlight a number of business cases that will command their attention including blockchain Identification and an auto-claim protocol for insurance.

It is also anticipated that there will be intermittent developers ‘meet-ups’ to further grow interest amongst the community.

Management

The website released by Icon shows approximately 30 staff (including advisors) that are affiliated with the token. Duties are spread across development, marketing, operations and advisory.

Strengths

  • Icon’s proposed initiative is currently being termed as South Korea’s ‘answer’ to Ethereum or Neo. It would appear that a stable and open source solution will be widely backed and adopted by the development community in Korea.
  • Icon is focusing on flexibility of the project allowing other blockchains to operate seamlessly with SCORE. This provides significant value to the development community and will assist in further market penetration.
  • Through its parent company, Icon already boasts extensive access to existing capital, networks and relationships. The company has communicated a desire to form enterprise and government partnerships which it will likely succeed with given some of the brands current clients and trial testers of the technology.
  • The Use of Proceeds and token allocation appears to be fair with only a small amount being kept by the management team. Approximately 50% of the funding raised will be used for operational expenses which is standard for a development of this size.
  • Through its related entity ‘theloop,’ Icon has a proven track record of value creation and commercialization.
  • The management team and advisory board are highly experienced and influential. While it is unknown how much input some of these personnel will have with regards to the direction of the company, the likes of Don Tapscott will certainly prove to do well during the company’s financing initiatives.

Weaknesses

  • The company has a vision of expanding the network globally, however we forecast that this may be harder than expected. It is likely that initial development and adoption will be via native Korean speakers, therefore, expansion of the blockchain across the continent to non-Korean speakers may prove to be difficult in the initial stages.
  • There is a small lockup period as the tokens will not be tradable on the exchange until the end of 2017.
  • The regulatory landscape for token sales and altcoins in Korea is largely unknown. We see the possibility of legislation or regulatory framework being introduced in Korea, leading to delays and the possibility of wavering adoption of Icon.

Conclusion

Icon presents a speculative buying opportunity for investors seeking medium/long term exposure in a new and innovative blockchain.

In 2017 we have witnessed segmented demand for tokens that provide an ‘Ethereum style’ solution across different geographies. We anticipate that Icon may follow the likes of NEO (China), becoming a leading and preferred base for smart contract generation in South Korea.

The white paper (and all other material provided by the team) has been quite informative, covering all the technical and commercial aspects of the business. There has been full disclosure of the token allocation and a satisfactory attempt at communicating the Use of Proceeds.

We take comfort in the fact that Icon has a track record of success through its parent company ‘theloop.’ We believe that the network and relationships through this business will assist in the ongoing market penetration and developer adoption.

The use cases presented by Icon within their white paper relating to finance and insurance are extremely large problems to solve and a solid starting point for their commercial roadmap.

The team and advisors associated with the project are highly influential and have a proven track record in growing successful businesses.

We would like to acknowledge some regulatory risk associated with investment in Icon as it is unclear whether or not the Korean government will implement any legislation or guidelines relating to cryptocurrency and altcoins.

With exception to the point above, we believe that Icon is a speculative buying opportunity where the potential ROI outweighs some of the smaller risks on a medium/long term basis.

Clap if you like it

This report has been produced by Picolo Research, the leading ICO and blockchain research house, in conjunction with Astronaut Capital, an upcoming coin offering focused on investment management.

ICON (ICX) — Korea’s answer to open source hyperconnectivity

This report has been produced by Picolo Research, the leading ICO and blockchain research house, in conjunction with Astronaut Capital, an upcoming coin offering focused on investment management.

Icon is a Korean based company which seeks to establish an open source blockchain ecosystem to be utilized by government, financial institutions and businesses.

The mechanics of the ICON project are focused on the following:

  1. implementation of a smart contract environment named ‘SCORE’
  2. release of a consensus algorithm (named Loopchain) which processes transactions and data in realtime
  3. creating flexibility in the ecosystem so that other blockchains can be connected to the ICON network

Icon is backed by a technology firm called ‘theloop,’ a blockchain focused company that has been the recipient of several private financing rounds already.

Token Sale

Under the code ICX, Icon will be issuing a maximum token supply of 400,230,000 and a cap set of financing at approximately $42,000,000 at an Ether price of ~$280.

The white paper stipulates that 50% of the tokens will be allocated for the crowd sale while the rest are split between various community/reserve funds. A total of 10% will be held by management and advisors.

A Use of Proceeds has also been detailed with roughly 50% of the funds used for operating costs, marketing and business development. The balance is allocated to further reserve funds.

Tokens for Investors

Tokens issued by Icon will be utilized within the ecosystem itself as its own form of currency. In addition to this, ICX can also be used as a generator of new tokens that wish to adopt the same blockchain and smart contract structure as Icon.

It is anticipated that the token (ICX) will be available on the exchange in the latter part of 2017 as Icon moves over to its own blockchain.

Commercial Strategy

Icon has clearly stated both their technical and commercial roadmap for the next 12 months.

Technically, there will be several releases (almost every quarter) relating to a test launch (imminently) and a further Mainnet launch paired with an iOS and Android wallet before the conclusion of 2017. In Q1 2018, it is anticipated that all public channels will be open and available for full integration.

Commercially, Icon appears to be focusing on establishing major partnerships to boost the adoption of their blockchain. In addition to this, they highlight a number of business cases that will command their attention including blockchain Identification and an auto-claim protocol for insurance.

It is also anticipated that there will be intermittent developers ‘meet-ups’ to further grow interest amongst the community.

Management

The website released by Icon shows approximately 30 staff (including advisors) that are affiliated with the token. Duties are spread across development, marketing, operations and advisory.

Strengths

  • Icon’s proposed initiative is currently being termed as South Korea’s ‘answer’ to Ethereum or Neo. It would appear that a stable and open source solution will be widely backed and adopted by the development community in Korea.
  • Icon is focusing on flexibility of the project allowing other blockchains to operate seamlessly with SCORE. This provides significant value to the development community and will assist in further market penetration.
  • Through its parent company, Icon already boasts extensive access to existing capital, networks and relationships. The company has communicated a desire to form enterprise and government partnerships which it will likely succeed with given some of the brands current clients and trial testers of the technology.
  • The Use of Proceeds and token allocation appears to be fair with only a small amount being kept by the management team. Approximately 50% of the funding raised will be used for operational expenses which is standard for a development of this size.
  • Through its related entity ‘theloop,’ Icon has a proven track record of value creation and commercialization.
  • The management team and advisory board are highly experienced and influential. While it is unknown how much input some of these personnel will have with regards to the direction of the company, the likes of Don Tapscott will certainly prove to do well during the company’s financing initiatives.

Weaknesses

  • The company has a vision of expanding the network globally, however we forecast that this may be harder than expected. It is likely that initial development and adoption will be via native Korean speakers, therefore, expansion of the blockchain across the continent to non-Korean speakers may prove to be difficult in the initial stages.
  • There is a small lockup period as the tokens will not be tradable on the exchange until the end of 2017.
  • The regulatory landscape for token sales and altcoins in Korea is largely unknown. We see the possibility of legislation or regulatory framework being introduced in Korea, leading to delays and the possibility of wavering adoption of Icon.

Conclusion

Icon presents a speculative buying opportunity for investors seeking medium/long term exposure in a new and innovative blockchain.

In 2017 we have witnessed segmented demand for tokens that provide an ‘Ethereum style’ solution across different geographies. We anticipate that Icon may follow the likes of NEO (China), becoming a leading and preferred base for smart contract generation in South Korea.

The white paper (and all other material provided by the team) has been quite informative, covering all the technical and commercial aspects of the business. There has been full disclosure of the token allocation and a satisfactory attempt at communicating the Use of Proceeds.

We take comfort in the fact that Icon has a track record of success through its parent company ‘theloop.’ We believe that the network and relationships through this business will assist in the ongoing market penetration and developer adoption.

The use cases presented by Icon within their white paper relating to finance and insurance are extremely large problems to solve and a solid starting point for their commercial roadmap.

The team and advisors associated with the project are highly influential and have a proven track record in growing successful businesses.

We would like to acknowledge some regulatory risk associated with investment in Icon as it is unclear whether or not the Korean government will implement any legislation or guidelines relating to cryptocurrency and altcoins.

With exception to the point above, we believe that Icon is a speculative buying opportunity where the potential ROI outweighs some of the smaller risks on a medium/long term basis.

Clap if you like it

This report has been produced by Picolo Research, the leading ICO and blockchain research house, in conjunction with Astronaut Capital, an upcoming coin offering focused on investment management.

1.2 Digital advertising market

Mithril aims to improve the overall mobile game advertising efficiency by removing intermediaries in the industry and directly connecting gamers and game developers based on gameplay data.

I share the digital advertsing market analysis, the target of the Mithril project (https://mithrilcoin.io).

The rapid growth of mobile ad market

$195 billion in 2019, 70% share of digital ad market

The smartphone users has exceeded 2 billion in 2016, taking up 47.4% of mobile phone users, and it is estimated to reach 2.7 billion users in 2019. Smartphone is overtaking the desktop’s dominance as the primary gateway to the internet and for media consumption, so leading advertisers allocate their digital ad expenditure to mobile accordingly.

According to eMarketer, mobile advertising is expected to account for 70% of the total digital advertising market in 2019, exceeding $ 195 billion. This figure is nearly double that of 2016.[5]

Mobile Ad Spending Worldwide

Data-driven ad platforms will dominate the market

Facebook and google provide social media and searches in return for user data. Facebook and google establish a data pool that consists of demographical statistics, preferences, and ad engagement ; They can precisely target audiences with these data. Targeted advertisement provides higher performance than that of mass media advertisement that broadcasts to an unspecified number of people.

According to Fortune. com in the 3rd quarter in 2016, Facebook and google held 73% market share of the American digital advertising market. Especially, compared to 2015, facebook and google took up 99% of the share of growth.[6]

It is likely that the targeted advertising platform based on user data will dominate the digital advertising market.

US Digital Ad Revenues

[5] eMarketer, “Mobile Ad Spend to Top $100 Billion Worldwide in 2016, 51% of Digital Market” April.2, 2015 [Online]. Available :

https://www.emarketer.com/Article/Mobile-Ad-Spend-Top-100-Billion-Worldwide-2016-51-of-Digital-Market/1012299

[6]Mathew Ingram, “How Google and Facebook Have Taken Over the Digital Ad Industry” Jan.4, 2017 [Online]. Available :

http://fortune.com/2017/01/04/google-facebook-ad-industry/

Figure 6. US Digital Ad Revenues

Announcing Gary Nuttall as adviser

We’re honoured to have Gary Nuttall join our board of advisers for Cove Identity. I’ve really enjoyed chatting to Gary over the past few months as he has a great passion for, and knowledge of, the blockchain space and is a big believer in our approach to solving the data privacy issue by combining zero-knowledge file storage with self-sovereign identity.

Gary will be an invaluable adviser to us, and particularly me on the product side, as we roll out the exciting and more complicated blockchain features of the Cove app and the supporting network. Here’s Gary’s bio so you can get a much better feel for his experience in the space:

With a 25 year career specialising in data intelligence, insight and exploitation spanning multiple industries, Gary Nuttall brings a broad spectrum of commercial and industry experience. He has spent the past few years evangelising blockchain / Distributed Ledger Technology and providing consultancy and advisory services to organisations.
He is a founding partner of Team Blockchain, a virtual global consultancy practice, an advisor to Blocksure, an Insurtech startup which provides insurers with an end-to-end platform secured on the blockchain, is a member of the techUK Distributed Ledger Technology Working Group and runs the London-based ICO Meetup group.

Registration is now open for our pre-sale with up to 40% discounts available. You can register on our token sale website.


Announcing Gary Nuttall as adviser was originally published in Cove Identity on Medium, where people are continuing the conversation by highlighting and responding to this story.

< Hacker />

< Hacker />

So some people think I’m a hacker.

I’m not.

I study @ IronHack, but what I do is called UX/UI ( I’ll explain this in the short term )

I repeat, I’m not a hacker, nor a software developer.

I do admit though, that I hacked before.

My self. My life.

What do you mean ®oy?

I taught myself finance and trading.

For free.

What?

Yes, for free.

There’s something called YouTube, and it’s basically free. Some people say that it’s the new school. Hmm… I wouldn’t go that far, but I get where that idea comes from.

So I always wanted to trade stocks and become the wolf of Wall-street in order to become rich @ a young age.

Why, dude?

Because I truly believe that your own idea of freedom has a “PRICE”. To me that “price” is money. ( and time is money #cliché )

How do I get money, Roy?

Playing for the Broncos, the Lakers, or Atlético Rafaela.

But { If you suck @ sports => no money}

{If no Euros => Must trade time for Yuans}

And that’s what I did for a couple of months.

Hated it. Seriously. Even though I was paid a lot.

Hated it because my bauss was very intense. #clap if you can relate.

He exploited me.

Maybe I deserved it, maybe not. But the fact that I worked for him and never heard a subtle “thank you”, was not fair, folks.

Respect.

Let’s recapitulate.

If motivation less than 0 => quit, bruh.

If need money => Don’t. Rent is rent.

What I did everyday after work was educate myself. I invested roughly 300 hours on Technical Analysis, Trading, and Cryptocurrencies (#bitcoin) youtube videos.

Long story short,

Put $400 > got $1,200

Put $1,200 > got $4,000

Put $4,000 > got $10,000

Roy cashes out, quits jobs, thanks bauss, and starts course @ Ironhack.

I had enough to pay for what really interests me, and 3 months worth of rent in advance.

This course will bring more blessings to my life. I’m sure, my morning smiles tell me that.

To sum up,

If you hate your job and you complain all the time about it until the point where your beer tastes sour •••

Hack yourself.

Thank you again.

®

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Clap as many times | Share as many times | Comment as many times

Giveaway #3 – 12 USB Risers and Aluminum Mining Rig Frame

Source

First of all, I would like to thank you all for taking part in the previous giveaway. It means a lot for me that we are growing as a community. Mining is something I am passionate about and I appreciate a lot that you guys read my blog and share your thoughts and all kind of info here.

I’m glad to announce that the winner of the previous giveaway is Jason B. I hope he is giving his brand new CPU, RAM and SSD bundle a good use. Congratulations!

Now, I’ve got another prize for those of you who would like to keep participating. That’s right – there are three more items I would like to give away. Each of the three winners will receive one of the following bundles:

1 USB Riser VER 008 Latest PCI-E Express Cable 1X TO 16X + Power Button

The first price is ideal for a 6- or 8- GPU Ethereum mining rig. The bundle features two items:

Six USB Risers VER 008

USB Risers VER 008 are decent-quality risers that allow you to connect your GPUs to x1 PCI-e slots. Each riser features four solid state capacitors to enhance the stability and safety of your GPUs. The USB cable it includes is soft and shielded, which makes it a great choice for rigs where free space is an issue.

Now, what really makes the new VER 008 risers interesting is the way those feature three power connectors:

  • 4-pin Molex
  • 6-pin Molex
  • SATA Power

This adds a lot to flexibility when connecting 6 and more GPUs. PSUs come with a limited amount of power connectors and by having more options to choose from you can potentially connect more GPUs to your PSU.

KSSHOP Powered Riser Adapter Card Spring Slot Three Power Interfaces PCIE 1x to 16x Express Riser Cable Card USB 3.0 Stable Data Miner Litecoin

Price Disclaimer

An external power button

Only a miner can truly relate to the struggle of having to power or reset the rig manually using a screwdriver. While some motherboards feature an inbuilt power button, it is still not really comfortable to reach the button every time you’ve got to reboot the rig.

The uxcell 67″ Desktop Computer Case Power Supply Reset HDD Button Switch is probably the best solution. This accessory is a small ergonomic box that features an external power button. You connect it to the motherboard the same way you’d connect a PC case one.

Thanks to the 67″ / 1.7m cord length, the uxcell can be placed somewhere where it is easy for you to reach. The uxcell also includes a reset button and HDD LED lights. You basically get all the functionalities a PC case offers without the need to use one.

uxcell 67" Desktop Computer Case Power Supply Reset HDD Button Switch

Price Disclaimer

 
2 USB Riser VER 008 Latest PCI-E Express Cable 1X TO 16X

The second winner gets a set of six USB risers VER 008.

3 One Aluminum Mining Rig Frame for 13 GPUs or 2x rigs of 6 GPUs

The third winner gets an aluminum mining rig frame. I have built this one myself, so if I was a seller I’d probably name it something like “limited edition custom signature 1stminingrig frame”. Personally, I like this design; in fact, several of my rigs have those frames. As you can see in the photo, the frame allows you to comfortable install up to 13 GPUs, leaving some room for cables and air ventilation.

Who Can Qualify in the Giveaway?

You are probably wondering whether the conditions are the same as in previous giveaways. The answer is yes, with one additional condition.

My motivation behind the giveaways is to help the mining community. Therefore, this giveaway is meant for those of you who are into mining. Do get me right – as a gamer by heart, I love the gaming community as much as I do the mining one. However, this specific giveaway is meant for miners alone.

You might not have a lot of mining experience or you might not have a huge mining rig, but if you are passionate about mining, I look forward rewarding you. In fact, your application is welcome even if you’ve got no mining rig at all – It does not matter as long as you are enthusiastic about cryptocurrencies and own some coins.

So in order to participate in the giveaway, please start by sharing your story as a miner or a cryptocurrency enthusiast.

The winners will be asked a quick question about mining and cryptocurrencies. It will serve as a confirmation that they are indeed into crypto. Don’t worry – if you are acquainted with cryptocurrencies you will have no issues answering it.

So what is this all about?

It is easier than it sounds.

What are your chances to win?

Is there a better way to contribute to the mining community and be rewarded in the process?

This is crazy but true. If you are ready to get your brand new USB Risers or Open-Air Mining Rig Frame, then click the link below and get started right now:

Remember – it won’t take you more than 1 minute a day to complete the tasks; in exchange, you get a good chance to win a professional piece of mining equipment!

Sign up here and get started right now:

Giveaway #3 – 12 USB Risers VER 008 + 13 GPU Mining Rig Frame

Best of the luck, we really hope that you, the person who is reading this right now, will get the bundle in 15 days 🙂 We stay in touch.

The post Giveaway #3 – 12 USB Risers and Aluminum Mining Rig Frame appeared first on 1st Mining Rig.

Render Token Audit

The Otoy team asked us to review and audit their Render Token (RNDR) and crowdsale contracts. We looked at the code and now publish our results.

The audited contract is in the RenderToken/rendertoken repository. The version used for this report is the commit f381ab06d969ab8e4cd7182723edc926ae940f91.

Good job using OpenZeppelin to write minimal extra code!

Here’s our assessment and recommendations, in order of importance.

Low Severity

Misuse of FinalizableCrowdsale

(This was written for the previous version that was audited, and it was later fixed.)
As it is documented in the comments, to use FinalizableCrowdsale you must inherit from it and define a custom finalization function. Instead, finalize was redefined. Although this isn’t causing any problems in the current state of the code, the misuse of the library hinders maintainability and may cause severe problems in future revisions. Remove this function and move the extra minting to a finalization function.

Notes

  • Keep in mind that it is the transaction sender who will be checked against the whitelist, and not the beneficiary of a purchase. This means that a whitelisted address may buy tokens for a non-whitelisted address. Make sure this is the desired feature.
  • Consider adding events to log when an address is added or removed from the whitelist.
  • What is named “minimum cap” (minCap) is not really a cap, because the word means an upper bound. In OpenZeppelin we use the term “goal” to refer to this concept.
  • RenderToken is an instance of MintableToken, which has a public variable mintingFinished initially set to false. Since this is a public variable that will be shown in interfaces (such as Etherscan’s) it might cause some confusion if it remains false after the crowdsale ends. Consider calling token.finishMinting() at finalization, to set the variable to true and avoid this potential confusion.
  • The final token allocation will be: 25% of total supply will have been sold in the crowdsale, 65% will be held by the foundation, and 10% will be held by the founders.

Conclusion

One low severity issue was found and explained, along with recommendations on how to fix it.

If you’re interested in discussing smart contract security, join our slack channel, follow us on Medium, or apply to work with us! We’re also available for smart contract security development and auditing work.

Note that as of the date of publishing, the above review reflects the current understanding of known security patterns as they relate to the Render Token contract. We have not reviewed the related Render project. The above should not be construed as investment advice. For general information about smart contract security, check out our thoughts here.


Render Token Audit was originally published in Zeppelin Solutions on Medium, where people are continuing the conversation by highlighting and responding to this story.

Render Token Audit

The Otoy team asked us to review and audit their Render Token (RNDR) and crowdsale contracts. We looked at the code and now publish our results.

The audited contract is in the RenderToken/rendertoken repository. The version used for this report is the commit f381ab06d969ab8e4cd7182723edc926ae940f91.

Good job using OpenZeppelin to write minimal extra code!

Here’s our assessment and recommendations, in order of importance.

Low Severity

Misuse of FinalizableCrowdsale

(This was written for the previous version that was audited, and it was later fixed.)
As it is documented in the comments, to use FinalizableCrowdsale you must inherit from it and define a custom finalization function. Instead, finalize was redefined. Although this isn’t causing any problems in the current state of the code, the misuse of the library hinders maintainability and may cause severe problems in future revisions. Remove this function and move the extra minting to a finalization function.

Notes

  • Keep in mind that it is the transaction sender who will be checked against the whitelist, and not the beneficiary of a purchase. This means that a whitelisted address may buy tokens for a non-whitelisted address. Make sure this is the desired feature.
  • Consider adding events to log when an address is added or removed from the whitelist.
  • What is named “minimum cap” (minCap) is not really a cap, because the word means an upper bound. In OpenZeppelin we use the term “goal” to refer to this concept.
  • RenderToken is an instance of MintableToken, which has a public variable mintingFinished initially set to false. Since this is a public variable that will be shown in interfaces (such as Etherscan’s) it might cause some confusion if it remains false after the crowdsale ends. Consider calling token.finishMinting() at finalization, to set the variable to true and avoid this potential confusion.
  • The final token allocation will be: 25% of total supply will have been sold in the crowdsale, 65% will be held by the foundation, and 10% will be held by the founders.

Conclusion

One low severity issue was found and explained, along with recommendations on how to fix it.

If you’re interested in discussing smart contract security, join our slack channel, follow us on Medium, or apply to work with us! We’re also available for smart contract security development and auditing work.

Note that as of the date of publishing, the above review reflects the current understanding of known security patterns as they relate to the Render Token contract. We have not reviewed the related Render project. The above should not be construed as investment advice. For general information about smart contract security, check out our thoughts here.


Render Token Audit was originally published in Zeppelin Solutions on Medium, where people are continuing the conversation by highlighting and responding to this story.

Basic Cryptocurrency Starter Guide

Most people trying to get into the cryptocurrency can’t seem to find a proper starter guide. This article will point you to an easy method of purchasing your first bitcoin, ethereum, or litecoin (cryptocurrencies). Yes there are more cryptocurrencies available other than the famous bitcoin. You can purchase an entire coin (cryptocurrency), or you can purchase a fraction of that coin.

Click here to get started coinbase.com

Using the link above once you buy or sell $100 of digital currency or more, you will get $10 of FREE bitcoin.

  1. Sign up for an account (using your real name)
  2. Verify your email address and open link sent by coinbase
  3. Accept terms agreement
  4. Now click on settings scroll to the bottom
  5. Entire your correct personal information and confirm(secure)
  • You can select another country if you’re not in the USA

6. Now in settings click on the “Limits” tab

7. Follow the instructions and complete, this will give you increased limits on purchases through coinbase

8. In settings click on “Payment Methods” tab

9. Entire your bank information you would like to use (Credit or Debit card or Bank draft or all three methods)

  • With bank draft the purchase fees are less but it does take up to 5 days for funds to be deposited. Using a credit/debit card purchases can be made instantly with higher fees. This method is what I personally use.

10. Now to purchase click the tab “Buy/Sell”

  • From there its pretty straight forward on how to make your purchases
  • Make sure you select the correct cryptocurrency and payment method
  • Once purchase is made your cryptocurrency will be available immediately (unless you used bank transfer 5 day wait) in your online wallet.

I hope this helped. This is a beginners guide. I suggest reading everything you can about cryptocurrency and enjoy the rocket to the moon.

FOLLOW ME FOR MORE UPDATES ON CRYPTOCURRENCY

Blockchain Technology Plays a Critical Role in U.S. and International Open Government Initiatives

On September 8, the U.S. government’s General Services Administration (GSA)’s program “Emerging Citizen Technology” hosted a workshop titled “Emerging Technology and Open Data for a More Open Government.” The participants in the workshop were directed to draft proposals that specifically use Artificial Intelligence (AI), blockchain technology and open data. “Open data and emerging technologies — ...

The post Blockchain Technology Plays a Critical Role in U.S. and International Open Government Initiatives appeared first on Bitcoins Ahoy.

Bitcoin – The Millennial Retirement Nest Egg

With a surge in the popularity of cryptocurrencies among the youth, many are now investing in Bitcoin with a view to saving for retirement. This shift away from traditional retirement is well illustrated by the success of a company called Bitcoin IRA, which allows investors to buy Bitcoin and other cryptocurrencies using their IRA or 401(k) accounts.


Bitcoin Over Banks

What was once a vision is not now far away from being a reality. The world looks set to embrace a future of a cashless society thanks to the stunning impact of blockchain technology and cryptocurrencies. While mainstream celebrities like Floyd Mayweather and Paris Hilton are now lapping it up, there remains a small yet hugely loyal cryptocurrency community – one that has seen the revolutionary power of Bitcoin and the like.

Most of these users are from the young generation that is disillusioned with the legacy social and financial institutions that have frankly betrayed them, be it the church, the government, or banks. Student loans leave them in a never-ending spiral of debt, and the tanking economy leaves them jobless. Add a culture of heavy spending owing to the rise of consumerism to the mix, and you have a recipe for disaster.

It would make sense, therefore, that saving for retirement has become a thing of the past for many millennials. The loss of faith in oppressive status quo systems has further been confounded by ever-rising inflation which renders fiat currency useless, as is the case in Venezuela. Cryptocurrencies, specially Bitcoin, have benefited from this due to their decentralized nature which eliminates a lot of the problems associated with state backed fiat currency.

Millennials To HODL?

Early adopters of Bitcoin have made a killing and there is an ever-increasing realization within the Bitcoin community that they are sitting on a gold mine. Those who mined or backed it in its nascent years are now bonafide millionaires, acquiring riches that will last a lifetime. With Bitcoin gaining adoption and momentum in several countries and getting embraced by Wall Street by the number, millennials are looking at it the way their predecessors one looked at gold.

A lot of young techies are living solely off of cryptocurrencies and shunning banks altogether. What is interesting now is that millennials are turning to Bitcoin to plan for life after retirement.

Roshaan Khan, a 20-year-old senior at Virginia Commonwealth University who made a 40% return on his cryptocurrency investments, told Forbes:

All of my net worth is in cryptocurrencies because I see them as the best way to escalate my ability to be financially secure and pay off my student loans. I like the idea of decentralization, the fact that there’s a lot less corruption and political ties. That idea appeals to me … Not having to go through banks. Having financial control over our lives again. Maybe it’s because I’m just getting my feet wet, but it excites me more than anything else.

Khan is not the only one; people from various backgrounds and fields are putting all of their eggs in their crypto-basket. A 24-year-old musician from Norway might not have much in common with a tech-worker in Silicon Valley, but there are plenty such young people around the world who are connected by their crypto-destiny: pulling off the incredible act of investing and living solely off cryptocurrencies. By treating them as a small part of a diversified portfolio, cryptocurrencies can fill the high risk, high return segment.

Like any investment, there always is that chance that it might crash completely, but there is also the chance that it takes the world by storm and keep growing exponentially. For young people, the risk of failure is low because they have plenty of years to make up for it. With a glass half full outlook on life, taking a chance on Bitcoin has the potential to completely change one’s life.

Bitcoin IRA

While there are many skeptics who refuse to advocate Bitcoin as a long-term investment tool, most recently JP Morgan CEO Jamie Dimon, it hasn’t deterred tech entrepreneurs from collaborating with their financial counterparts to launch crypto-focused investment tools. First movers always have a higher chance of sustainable success and it is no wonder that cryptofunds – think mutual funds for cryptocurrencies with big market caps – are making waves by combining the new and old guards of the financial world.

With the retirement strategies of millennials changing, companies are having to rely on technology to attract younger investors. One such company, Bitcoin IRA, allows users to invest in Bitcoin and Ethereum using their IRA or 401(k) accounts. Users can also invest in an IRA or a Roth IRA with Bitcoin just like any traditional IRA.

It seems that the people have spoken: Bitcoin has taken its first baby steps towards replacing fiat currency for long-term saving purposes.

What do you think about using Bitcoin as a retirement investment tool? Do you think it is better to treat it as a long-term investment asset or as liquid currency? Would you invest in a cryptofund or Bitcoin IRA in lieu of fiat currency? Let us know in the comments below.


Images courtesy of Unsplash/Jay Castor

The post Bitcoin – The Millennial Retirement Nest Egg appeared first on Bitcoinist.com.

Announcement: HydroMiner ICO  –  the Eco-Friendly Mining Operation

 new day, a new initial coin offering. But this time one that looks very prospective: HydroMiner.org; mining in the Austrian Alps! They are already listed on various ICO lists. So let us begin.

[Note: This is a press release.]


What is HydroMiner?

HydroMiner is a cryptocurrency mining company using green energy drawn from hydropower stations in the Alpine region of Europe. Hydropower is generally thought to be one of the most effective and lowest-cost renewable energy resources. It is environmentally friendly, carbon-neutral and natural. Hydropower allows them to manage resources sustainably and enables low-emission production.

Not only is hydropower mining ecologically friendly, but it is also profitable.

Expected ROI = 8 months.

What is the Current Status?

The mining roots of the Damblon sisters go back to 2015 when they built their first rig. Since then they have managed to scale the operation by renting out two hydropower plants and connecting more than 1000 GPUs in sea freight containers.

HydroMiner ICO

Why an ICO?

This initial coin offering is about scaling the mining operation by acquiring more hydro-power-plants and thus enabling eco-friendly mining and profits for investors.

So the token created out of their ICO will be used to generate a % for the token holders, while the HydroMiner team gets a share of this mining profits. For this to be fair, the team behind HydroMiner will be:

  • Ordering Equipment
  • Assembling hardware
  • Maintaining and renewing the hardware
  • Identifying and leasing new hydropower stations

H2O Tokens

H2O Tokens

Token Price
Normal (none discounted Price): 0.01 ETH

Presale
Start: Monday, September 25, 2017 at 10:00 UTC
How Long: 1 week.
Minimum participation: $10.000
Discount for the Pre-Sale: 25%
Token Cap: 500.000 H2O Tokens (1.500 ETH)

Their Initial Coin Offering (ICO)
Start: Tuesday, October 3, 2017 at 10:00 UTC
How Long: 5 weeks
Minimum participation: 1 Token
Discount for the Pre-Sale: From 20% to 0%

  • Week one: 20%
  • Week two: 15%
  • Week three: 10%
  • Week four: 5%
  • Week five: 0%

Token Cap: 25.500.000 H2O

HydroMiner Timeline

Timeline

To stay up to date with the latest news, subscribe online at https://www.hydrominer.org/token-sale/


Images courtesy of HydroMiner

The post Announcement: HydroMiner ICO – the Eco-Friendly Mining Operation appeared first on Bitcoinist.com.

An approach to the true Value of Bitcoin

Don’t read this if you are not a Bitcoin Maximalist.

Don’t read this if you have not heard the word Hyperbitcoinization.

Don’t read this if you haven’t yet google what the total value of money in the world is.

Don’t read this if you don’t have goosegumps all over at least sometimes when you think of your bitcoin.

It is true. HODLers can potentially increase the value of BTC to infinity. Think about the last block reward reduction period. Each block yields 1 Satoshi. All other BTC are HODLed. The net value earth wealth growth (to avoid the word universe) will be equal to the Satoshi / 10 min. They will be forced perpetuate this 1 satoshi coinbase reward to (nearly :) infinity by splitting the 50 BTC from the genesis block because they are provably Satoshis property.

You somehow already know that this will be the value of BTC.

And now think of inviting other people to this world by spending some bitcoin to them. What feeling does that give to you. So go ahead and spend.

Just replace with new BTC immediately after spending. Or buy more. But spend BTC not fiat whenever possible.

Bitcoin’s Wild Ride Shows The Truth: It Is Probably Worth Zero – Wall Street Journal (subscription)


Wall Street Journal (subscription)

Bitcoin's Wild Ride Shows The Truth: It Is Probably Worth Zero
Wall Street Journal (subscription)
Behind every bubble is a good idea bursting to get out, and Bitcoin kind of looks like a good idea, at least if you squint a bit. A digital currency without borders that governments can't control and that allows secret online transactions? I'm in ...

and more »

ICO Alert Report: Worldcore

All of our market intelligence reports, known as ICO Alert Reports, will be published here, on our blog, to allow you to read on any device and join the discussion in the comments.

What is Worldcore?

Worldcore is a digital alternative to traditional current bank accounts with a wide range of cutting edge payment solutions, including plastic and virtual debit cards, international money transfers to any Visa, MasterCard and UnionPay payment card issued in most countries worldwide, Bitcoin withdrawals, mass payments and invoices management for companies, checkout solution for accepting payments on websites, card acquiring for ecommerce, and mobile phone top-up in over 180 countries. The company is already licensed and regulated by National Bank of Czech Republic and is a PCI DSS Level 1 compliant service provider. Worldcore also provides biometrics authentication options, which enable account holders to access the account by face or voice without using traditional passwords. Another key advantage of Worldcore is the speed of clients onboarding, which usually doesn’t take over a few hours in case application, is completed correctly and documents for complying with AML/KYC policy are readable and valid.
— Alexey Nasonov, CEO and Founder of Worldcore

Pre-sale Information
The pre-sale will begin on October 2, 2017 and end on October 13th, 2017. There is a 10% bonus available throughout the pre-sale.

The price per Worldcore Token (WRC) is $0.10. During this period there will be a minimum purchase of 500,000 WRC tokens. In order to contribute, visit the website or email ico@worldcore.com

There is no set pre-sale token limit on purchases during this period. Tokens will be distributed after the crowdsale ends.

Crowdsale Information
The crowdsale will begin on October 13, 2017 and end on November 13, 2017. 870,000,000 WRC tokens will be available for purchase and tokens will be distributed shortly after the end of the crowdsale.

The amount of WRC tokens received is set at 870,000,000 across a six week period. A bonus of 5% will be applied to purchases on the first day of crowdsale.

— Day 1: 5% token bonus
 — Week 1–6: $0.10 = 1 WRC

After the crowdsale, token holders will be eligible to participate in an annual revenue share, with a total of 30% of Worldcore annual profits being distributed among investors. All unsold tokens will be burned. Visit the Worldcore website during the crowdsale for more information on how to contribute and for the contribution address.

Token Distribution Information
There are a total of 1,000,000,000 WRC tokens being created, with 870,000,000 available throughout the pre-sale and crowdsale. Any tokens not sold during the pre-sale will be available for purchase during the crowdsale.

Tokens will be distributed to contributors shortly after the crowdsale is completed.

Allocation
87%: Presale and public crowdsale contributors
10%: Founder’s share
3%: Bounties

Use of Crowdsale Proceeds
The stated projects beginning development at each fundraising checkpoint are:

$5,000,000 (Q1 2018): Membership in Visa, Mastercard, China UnionPay, SWIFT and SEPA networks.

$10,000,000 (Q3 2018): Launch of UK-regulated Blockchain-powered P2P lending platform with unique features.

$25,000,000 (Q1 2019): Launch of Blockchain-based cash money transfer platform for easy and instant conversion of cryptocurrencies into cash, and vice versa, in 1,000+ pick-up points internationally, including all Worldcore offices.

$50,000,000 (Q2-Q3 2019): Global transformation into a Swiss bank with
revolutionary investment, loan, brokerage, insurance, and payment products due to great friendliness of cryptocurrency jurisdiction.

$100,000,000: Deeper market development added to the Worldcore future bank capital and used for IPO.

A more detailed list of the stated projects and goals can be found in the Worldcore whitepaper.

Team
Alex Nasonov, Founder and CEO
Linkedin
Alex is active in regulatory compliance, marketing team establishment, and business development strategy at Worldcore.

Igor Prokhorenko, CTO
Linkedin
Igor is an experienced CTO with a history of working in the financial services industry and is skilled in .NET framework, software development, team leadership, project management, and software project management. He is a strong information technology professional with a master’s degree in computer and information security from Voronezh State Technical University.

Sean Patterson, Chief Marketing Officer
Linkedin
Sean has 13 years of experience in strategic business analysis and planning and specializes in digital change initiatives and process improvement. His expertise also includes business planning strategies, project management, presentation design, and UX design. He has given various presentations on technology trends in business management, and digital convergence and innovation.

Evgenii Zhuikov, .NET Team Lead
Linkedin
Evgenii is the senior web application director at Worldcore. He previously held the same role at Hybrid Russia.

Bohdan Taranenko, Chief Administrative and Compliance Officer
Linkedin
Bohdan is currently the chief administrative and compliance officer at Worldcore, and has experience in the same role previous to his time at Worldcore.

Alex Sol, Head of Digital Marketing
Linkedin
Alex has expertise in SEM/SEO/SMO. He has a passion for product strategy and iterative product development, fusing design, and user experience with quantitative analysis. He held the title of CEO at Soloncompany, an international digital marketing agency.

Ilyas Garifullin, C# Senior Developer
Linkedin
Ilyas works on developing the server and client side of online wire transfer service. He also worked on development of service functionality and integration with third-party services. He previously held the role of full-stack developer at Haulmont Technology.

Sergei Surkov, C# Senior Developer
Linkedin
Sergei has over five years of IT experience in design, development, implementation and testing of software applications. He also has experience in different phases of the software development cycle including designing, programming, testing, documentation, presentation, and preparing customer specifications as a part of software technical requirements and customer support. He previously held the role of .NET developer at Luxoft, an information tech and services company.

Sergey Bazilevskih, C# Senior Developer
Linkedin
Sergey has over four years of experience in software development (.Net). He is mainly focused on web development. He previously worked on software development at EPAM Systems.

Daniil Panov, C# and PHP Middle Developer
Linkedin
Daniil is currently a .NET developer at Worldcore. He also works in the development of large projects on Bitrix CMS.

Georgiy Malyukov, iOS Senior Developer
Linkedin
Georgiy is a technically-advanced iOS development specialist with strong experience in low-level Objective-C programming and modern mobile technologies. Previously, he held the role of iOS team leader at Forex Club.

Mikhail Zisman, Android Senior Developer
Linkedin
Mikhail is the senior Android developer at Worldcore. He previously held the role of Android developer at Exadel, and Graph.

Ivan Berezovsky, Quality Assurance Team Lead
Linkedin
Ivan is currently the quality assurance team lead at Worldcore. He previously held the role of quality assurance automation engineer at NOVA / TEST Digital Agency.

Denis Soldatov, Quality Assurance Engineer
Linkedin
Denis is currently a quality assurance engineer at Worldcore. He previously held the role of web developer at NOVA/TEST Digital Agency. He holds a master’s degree in information security from Southwest State University.

Social Media
Blog:​ ​https://worldcore.eu/blog/
Twitter:​ ​https://twitter.com/worldcoresocial
Facebook: https://www.facebook.com/worldcoresocial
Slack:​ ​https://worldcore.slack.com/
Telegram:​ https://t.me/worldcore
LinkedIn: http://linkedin.com/company/worldcore

Q&A

ICO Alert: How is the Worldcore Token (WRC) used within the platform and why is it needed?

Alexey Nasonov, CEO and Founder: WRC token is based on a revenue share model because 30% of the company’s annual profit will be distributed between token holders. The second benefit of WRC token is that it’s backed up by real, rapidly growing business with real assets. With each next step of development, the value of token will grow, as well as the value of company.

ICO Alert: It is somewhat rare in today’s ICO landscape that an established business conducts an ICO. Can you give some information on the Worldcore business and its history up to this point?

Worldcore: Development of Worldcore started in 2014 and the license of payment institution was obtained in the summer of 2014. The first version of our platform was launched in mid-2015, and since that period, the size of our company multiplied. Worldcore currently employs over 40 people, excluding freelancers, and we keep hiring because of the need to speed up development of new products, keep boosting our growth speed, and keep following our policy of same day client onboarding. The company’s annual transaction volume is expected to exceed 100 million euros in 2017. Worldcore provides payment services to over 25,000 individuals and over 900 companies and it’s revenue will exceed 1 million euros in 2017, as we see from current statistics. Worldcore has recently launched global outdoor marketing campaigns on public transport and in Prague International Airport and the company is a member of the Emerging Payments Association, based in the United Kingdom. I was also included in New Europe’s 100 rankings of change-makers in central and eastern Europe by Financial Times as a founder of Worldcore. The company has never attracted venture funding and was built on founder’s funds, so this is the first fundraising campaign of Worldcore.

ICO Alert: What are the advantages of seeking to initially raise capital through ICOs, as opposed to the more traditional IPO structure? You also have plans to hold an IPO at a future date?

Worldcore: Initially, we planned to conduct an IPO, but later, once Worldcore’s value gets higher to get listed on the London Stock Exchange with a market cap around $1 billion. We expected to reach this value by 2020 for sure, but ICO popularity in 2017 drew our attention and we decided to go this way to raise the funds for developing all future products, which we have already planned for upcoming years. This way will help us to achieve the goal even sooner.

ICO Alert: Worldcore has traditionally been a non-blockchain based platform. Why the evolution into this space?

Worldcore: We always follow the trends and we were and still are the first payment institution in the world which implemented two biometrics authentication options. Blockchain is the next step of our development.

ICO Alert: What are some of the blockchain-based products you are unveiling in the near future? Are they currently in development and do they have a specific timetable for integration?

Worldcore: At the moment, we are developing a platform for blockchain asset trading based on blockchain, Worldcore.trade, and we will announce the prototype of this product next week, even before the pre-sale launch.
It will be immediately available to the public as well. The launch of this platform is expected in Q1 2018, so this will be our first blockchain-based product, which will be available for use shortly after the end of ICO. Next year, we are planning to launch an EU-regulated P2P lending platform based on blockchain as well, and a cash money transfer platform for converting cryptocurrencies into cash, and vice versa through a large number of pickup points, including all Worldcore offices.

ICO Alert: One interesting project within the Worldcore portfolio is WorldcoreTV. Can you give us a brief description of what it is and what you are trying to accomplish with it’s eventual launch?

Worldcore: This will be the industry’s first TV channel focused on blockchain and FinTech with international Internet Protocol Television (IPTV) and online broadcasting. The media will unite the blockchain community and will become a leading advertising marketplace in the industry powered on blockchain as well. Worldcore has an experienced team of professionals in this area to launch WorldcoreTV within the shortest period of time.

ICO Alert: Will the recent events in China, and the increasing regulation of cryptocurrency around the globe, be a hindrance to the potential growth of Worldcore within the cryptocurrency space?

Worldcore: This will never become a problem for our team because we always hold the hand on the pulse and monitor all regulators’ announcements related to cryptocurrencies. There will always be some crypto-friendly jurisdictions where we will be able to legally move part of our products for the crypto-community and continue to provide these solutions to our clients.

ICO Alert: The Ethereum network has occasionally suffered from slow transaction times, especially during more popular ICO crowdsales. Is there any concern that this may affect the Worldcore platform?

Worldcore: As far as I know, these problems regularly happen with both Bitcoin and Ethereum. I don’t see anything critical because such problems happen for a very short period of time and I’m sure they won’t become a reason for emergency situations.

ICO Alert: As a non-Worldcore question, we like to ask team members what their expectations are for the cryptocurrency industry in the near future. Where do you see the industry in five years?

Worldcore: As we currently see, some jurisdictions are becoming more aggressive to cryptocurrencies and others implement regulations and legal framework to legalize this industry, so I am sure the industry will keep developing, but some countries will apply restrictions like China. Worldcore is an EU company and we see that EU regulators are friendly to cryptocurrencies and even the license for cryptocurrency exchange is not a problem, an example is BitStamp. By the way, this is the same license that Worldcore holds — a payment institution’s license. The more countries apply restrictions, the worse it is for the industry because it will affect cryptocurrencies’ value and the overall crypto-economy. Anyway, I am sure that legal framework will be announced before 2019 because it becomes urgent, as we see that the value of all coins is close to $150 billion already and governments can’t just keep leaving this industry in a grey area.

Do you have questions about this ICO Alert report? Tweet us and let us know.

ICO Alert (@icoalert) | Twitter

View the Worldcore Website here.

View the only comprehensive list of active and upcoming ICOs here.

References
(1) Worldcore Website, Worldcore, (2017)
https://worldcore.com/

(2) Worldcore Whitepaper, Worldcore, (2017)
https://worldcore.com/Worldcore.pdf


ICO Alert Report: Worldcore was originally published in ICO Alert on Medium, where people are continuing the conversation by highlighting and responding to this story.

BRAZIL A BLOCKCHAIN LEADER IN LATIN AMERICA — MARKSWELL COELHO COUNTRY MANAGER

New York, NY — Blockchain of Things, Inc., the leading provider of rapid Bitcoin blockchain integration via its Catenis Enterprise™ web API services platform, announced today that Markswell Coelho has joined its growing international team.

The announcement coincides with Blockchain of Things’ participation and keynote address at the Brazilian Association of Software Companies (ABES) conference 2017. ABES is holding its annual event at São Paulo’s World Trade Center to a sold-out audience of the countries most respected software companies. The major theme of the conference is IoT and Blockchains.

Markswell Coelho joins Blockchain of Things as the Country Manager of Brazil, the largest country in Latin America. With more than 15 years of experience, he has been directing technology, business operations, and leading Business development initiatives, with a special focus on the financial industry.

“Besides growing our local chain of partners and establishing presence within startup ecosystems, I will focus on expanding the utilization of Catenis Enterprise for the financial services, insurance, healthcare, and education verticals. ”- comments Mr. Coelho.

“I am very pleased that Blockchain Of Things entrusted to me the mission to continue the work that Sergio Fabossi has been developing in Brazil.”

Mr. Coelho holds an Executive MBA from Insper and has held prominent positions in the technology field for the last 15 years. His past positions include Country Manager for DUX Group, Country Manager for Arista Networks, and Sales Manager for Oracle.

“We are excited to bring Markswell Coelho to our team, he brings the skills and experience needed to help us grow our presence in Brazil as our demand has significantly increased over the last months.” — Sergio Fabossi, VP Business Development — LATAM.

ABES SOFTWARE CONFERENCE 2017 will happen on September 18, 2017, Monday, at the WTC Events Center, located in Avenida das Nações Unidas, 12551–3º Andar, São Paulo, SP, Brazil

4 Beginner Bitcoin/Blockchain Videos to Get Started with Cryptocurrency

I’ve noticed a lot of people have a hard time understanding BitCoin and blockchain technologies in general (myself included). A lot of people have heard of it, thought about it, and some even invested in it without knowing what it actually is. I thought I would provide some beginner resources for people who want to learn some of the basics. Here are some I’ve found most helpful:

  1. Don Tapscott’s TED talk. Watch this one first to see some of the high level uses of blockchain technology.

2. Future Thinkers 19 technologies the blockchain will disrupt video.

3. Andreas Antonopoulos’ intro to Bitcoin. Andreas is probably the most knowledgeable person I’ve seen talk about Bitcoin so far. His videos are varied from very high level basics about Bitcoin to the down and dirty technical aspects of cryptocurrencies. He is a distributed systems engineer by trade turned into professional speaker who goes around the world explaining bitcoin.

4. Some history on Bitcoin. A longer documentary. You will hear about some of the early days problems like the Silk Road:

Where to buy bitcoin or ethereum?

Use CoinBase. It is the most user-friendly but you’ll only be able to buy Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). Coinbase *does* offer FDIC insurance, but you still want to store your cryptocurrencies on a hardware wallet, such as the Ledger Nano S.

Use my link below and deposit $100 or more, you and I both get $10 in bitcoin:

Coinbase - Buy/Sell Digital Currency

How to store bitcoin/ethereum/other cryptocurrencies?

Buy a hardware wallet. I recommend the Ledger Nano S. At first I was concerned about putting my money on a fancy USB stick that could fail, but I was reassured after some more research because you can recover your coins if you write down the recovery phrase on the provided sheet they give you (24 random words). You’ll want to store that piece of paper in a fire-proof safe. It does feel a little like hiding money under your mattress, but it is the most secure method of protecting your cryptocurrencies right now.

Ledger Nano S - Cryptocurrency hardware wallet

You can get the Ledger Nano S on Amazon here:

Ledger Nano S - Cryptocurrency hardware wallet

A few people have asked where I got one of these physical bitcoins. They don’t actually hold any bitcoin but are fun to show people:

.999 Fine Gold Bitcoin Commemorative Round Collectors Coin - Bit Coin is Gold Plated Copper Physical Coin

I hope these help. I imagine this article will be a work in progress as I learn more myself.

BitDice Casino ICO Results

Dear BitDice ICO participants:

We are pleased to announce that the Initial Contribution Offering has resulted in raising over USD 8.7 million in the capital at the moment of the cutoff. We would like to extend our big word of gratitude for the trust and support you awarded BitDice Casino with your contribution!

Overall, we are happy with the results even though the last couple of weeks have been a real jittery. The collected funds, in our assessment, will be adequate to execute the expansion program mentioned earlier in our presentation material.

Upon logging into your dashboard, you are now being able to see the distributed number of tokens according to your contribution and applied bonuses. The quotes for cutoff are as follows:

BTC: 3231.8
ETH: 222.56
IOTA: 0.44717
LTC: 45.1
DOGE: 0.0009

Your Number of Tokens = Your Contribution / (Adjusted Raised Capital / 100 000 000) *0,68

Your Contribution = Your Contribution in USD value
Adjusted Raised Capital = Capital Raised accounted for bonuses (USD 9 883 705,9515022)

Pay attention to the fact that the public has paid up for the Owners 30% stake along with 2% bounty.

Now, every one of you is kindly asked to provide ETH wallet address, compatible with ERC20 standard, to where CSNO tokens will be sent. Please login to your dashboard and insert that address to the corresponding field. We advise everyone to use 2FA to protect your data from being possibly compromised. MyEtherwallet, Myst, Coinomi are among the wallets that are absolutely supported.

Be particularly aware that the only legitimate BitDice smart-contract will be posted no earlier than September 22 and the allocation of tokens will not occur prior to that date. Stay away from scammers and do not succumb to suspicious fraudulent actions.

The trading of CSNO will start on September 22 on HitBTC crypto exchange.

Again, we would like to thank everyone for participating and stay tuned for our next important updates.

The Team of BitDice Casino

Dashboard: https://ico.bitdice.me/

Centra Tech — Peluncuran Kartu Debit Pertama di Dunia & Dompet yang Cerdas

Centra is a Crypto debit card for Bitcoin, Ethereum, Litecoin & More. Centra Debit Card allows users to spend their crypto power in real time at a 0% exchange rate, spending, & Withdrawals that are generally charged by other companies and have Smart Wallet that is safe, insured, and secure.

In the current era of cashless payments are too mainstream, the trend of card-based and application-based payments is commonly provided by various providers, either from banking, telecommunications companies, or financial technology companies (fintech).

Users increasingly facilitated in making payments, consequently The number of cashless transactions increasing. most people have become accustomed to the idea of ​​a new form of money, many of them have even successfully joined the holders of cryptocurrency.

Centra Tech has a brilliant solution, the world’s first Debit Card Designed for use with the compatibility of 8+ major Cryptocurrencies blockchain assets. Their release is really an opportunity On the ground floor to be part of a global solution to the blockchain currency dilemma that offers a comprehensive rewards program For cardholders and signals while providing the ability to Spend your cryptoes in real time without exchange fees. Centra Debit Card allows users to make purchases Using their preferred blockchain currency through the Centra Wallet App. Centra cards work anywhere in the world that receives Visa or MasterCard.

The Centra Wallet app makes it easy for people to register Centra Debit Card, store their crypto assets, and control their Functions, such as turning on or off the card without the hassle of Regular contact with the issuing bank, etc.

Users will be able to send crypto in more than 100 countries without Exchange charge. All assets stored in Centra Safe Wallets are secured and insured.

For holders of the Cendra Black Debit Card will enjoy the offered program providing 2% incentives to users with a $ 100,000 per day transaction limit and $ 5000 for ATM withdrawal per day. More profits as the program launches.

Each of the Centra Black Debit Cards will have unique numbers ranging Between 001 to 500 and with the owner’s name in addition to the exclusive design will no longer be issued Centra Black Debit Card after the initial 500 contributors.Centra’s also launched cBay.

Centra Card & Wallet
Centra Card is designed to give you complete control over your assets. You will be able to convert them in real time with market value to Fiat being used at no cost thanks to our CCE Module.

We have solved the ability to spend your life’s crypto in the world right now. Card Cards are designed to give you full control over your assets You will be able to convert them in real time With market value to fiat being used at no cost thanks to our CCE Module.

We have solved the ability to spend your Crypto Life in today’s world. You can give full control over your assets. You will be able to convert them in real time With market value to fiat being used at no cost thanks to our CCE Module.

We have solved the ability to spend your Crypto Life in the world now. Card Cards are designed to give you Full control over your assets You will be able to convert them in Real time with market value to the fiat used without any cost Thanks to our CCE Module. We have solved the ability to Spend your life crypto in today’s world.

Crowdsale Token Centra (CTR)
For Centra token holders will have rights to Centra assets, each time a transaction on the network of users will receive 0.8% Ether, Centra tokens can also be used for purchases of goods in the upcoming cBay market. Sales of the Centra token (CTR) scheduled for August 5th, 10th October 2017 takes place within five weeks (36 days).

CTR Tokens are available and sold to our users during our crowdsale. There will be many benefits to our Centra Troken Holders.

Our award system has been designed to provide incentives to Token Holders users.

RKT tokens can be purchased through BTC, ETH, or LTC. The RKT Token has been designed for use in Centra Cards worldwide wherever Visa or MasterCard is accepted. The RKT token will be available for purchase at the Exchange after the ICO period. tokens can be purchased via BTC, ETH, or LTC. The RKT Token has been designed for use in Centra Cards worldwide wherever Visa or MasterCard is accepted. The RKT token will be available for purchase at the Exchange after the ICO period.

Our mission is to bring all blindness together and make it commendable in real life. With 0% expenditure and exchange fees, you can now benefit from your blockchain assets. Users can choose which currency should be the default currency transaction, and can change it any time through Centra Wallet app.

Users can also withdraw their blockchains or transfer them to other wallets without any transactional costs at any time.

Centra Cards & Wallets are already running a beta version of the company, but at the end of developing Centra mobile app for iOS and Android, Black Card, Gold and Blue release, cBay platform launch, CCE Centra module enterprise implementation additional funding required.

For official information about Centra Tech :

web : https://www.centra.tech

Whitepaper : https://tokensale.investfeed.com/#whitepaper

Written and Created by Dava.Dina

https://bitcointalk.org/index.php?action=profile;u=1034494

Eidoo Mobile Wallet for iOS and Android

Eidoo Mobile App is now available on Google Play.

Eidoo is a Hierarchical Deterministic (HD) wallet to store and exchange Ether, Bitcoin and ERC0 tokens on mobile through a light client architecture.

In this article we will talk about the wallet structure and why we decided to develop a mobile app first.

HD Wallet

An HD wallet has the ability to generate a certain set of addresses from a seed that is represented by 12 words selected from a list of 2048 words in several languages.

Through a standard algorithm, this 12-word set leads to the creation of the private keys you need to secure your Eidoo wallet.

This means that the user will need to backup by copying this 12 words on several different sheets of paper in the exact order they were generated.

Of course, it represents a stronger security system than a simple password and it is a worldwide standard for cryptocurrencies.

Eidoo for Mobile

Eidoo is an HD wallet originally designed for mobile devices (Android and iOS), but it will be migrated to PC (Windows, MacOS, and Linux) soon.

We decided to create the mobile app first, as the mobile world is very active and it is keep growing.

U.S. charts related to Smartphone used as Wallets

Of course, many users decide not to use mobile for payments because of a few reasons related to security.

To overcome this issue, we implement many safe systems to avoid hacker attacks and mistakes.

Please read the previous article for more info about our recovery tool and the atomic exchanges between wallets.

Also, it is very simple to use as you can trade and use your digital currencies on the way.

This improve your user experience as you can buy, sell and exchange cryptocurrencies everywhere in the world with a few taps on your smartphone.

The mobile app will have a user-friendly interface, useful for any kind of need and available for anyone anytime.

Usually, there are some limitations on what a mobile wallet can do, as mobile devices don’t have the same memory, computational power, and energy to run a full node wallet.

So, with the main goal of providing you a mobile user experience, Eidoo decided to choose a light client architecture, as it is cheap and slight in terms of memory and energy, elements that are very needed for smartphone and tablets.

Light Client Architecture

A full client will download and maintain a complete copy of the blockchain; this means a greater need for energy, memory and computing power.

Conversely, a light client wallet doesn’t require the download of the whole blockchain on your device.

Light client main function is to guard and allow you to access to your private keys as simple as possible.

In order to work, a light client needs to interfere with a full node client or wallet remotely, but this will not manage any user private keys: it only does the “hard work” in terms of transaction validations on the blockchain.

This way, a light client wallet like Eidoo offers you the possibility of managing your digital currencies through a safe and easy-to-use platform on mobile that doesn’t require much energy, computing power, and hard disk space.

Bitcoin + Ethereum

Eidoo to store Ethereum, all the ERC20 tokens and Bitcoin soon.

Eidoo has been designed on both the Ethereum and Bitcoin blockchain to store and manage Ether, Bitcoin and ER20-based tokens (currently, it is available for Ether and ERC-20 tokens).

This would be the first wallet to support both the blockchains and all the Ethereum-based tokens without any configuration.

In fact, Eidoo will be able to manage all the tokens without installing different apps and wallets for each digital currency.

Thanks to Eidoo, you will have an only one app that includes all the cryptocurrencies, and also a hybrid exchange where you can convert them.

In the near future, Eidoo might implement more digital currencies, tools and services.

Please visit our official website Eidoo and Join our Telegram Official Channel here.


Eidoo Mobile Wallet for iOS and Android was originally published in Eidoo on Medium, where people are continuing the conversation by highlighting and responding to this story.

Eidoo Mobile Wallet for iOS and Android

Eidoo Mobile App is now available on Google Play.

Eidoo is a Hierarchical Deterministic (HD) wallet to store and exchange Ether, Bitcoin and ERC0 tokens on mobile through a light client architecture.

In this article we will talk about the wallet structure and why we decided to develop a mobile app first.

HD Wallet

An HD wallet has the ability to generate a certain set of addresses from a seed that is represented by 12 words selected from a list of 2048 words in several languages.

Through a standard algorithm, this 12-word set leads to the creation of the private keys you need to secure your Eidoo wallet.

This means that the user will need to backup by copying this 12 words on several different sheets of paper in the exact order they were generated.

Of course, it represents a stronger security system than a simple password and it is a worldwide standard for cryptocurrencies.

Eidoo for Mobile

Eidoo is an HD wallet originally designed for mobile devices (Android and iOS), but it will be migrated to PC (Windows, MacOS, and Linux) soon.

We decided to create the mobile app first, as the mobile world is very active and it is keep growing.

U.S. charts related to Smartphone used as Wallets

Of course, many users decide not to use mobile for payments because of a few reasons related to security.

To overcome this issue, we implement many safe systems to avoid hacker attacks and mistakes.

Please read the previous article for more info about our recovery tool and the atomic exchanges between wallets.

Also, it is very simple to use as you can trade and use your digital currencies on the way.

This improve your user experience as you can buy, sell and exchange cryptocurrencies everywhere in the world with a few taps on your smartphone.

The mobile app will have a user-friendly interface, useful for any kind of need and available for anyone anytime.

Usually, there are some limitations on what a mobile wallet can do, as mobile devices don’t have the same memory, computational power, and energy to run a full node wallet.

So, with the main goal of providing you a mobile user experience, Eidoo decided to choose a light client architecture, as it is cheap and slight in terms of memory and energy, elements that are very needed for smartphone and tablets.

Light Client Architecture

A full client will download and maintain a complete copy of the blockchain; this means a greater need for energy, memory and computing power.

Conversely, a light client wallet doesn’t require the download of the whole blockchain on your device.

Light client main function is to guard and allow you to access to your private keys as simple as possible.

In order to work, a light client needs to interfere with a full node client or wallet remotely, but this will not manage any user private keys: it only does the “hard work” in terms of transaction validations on the blockchain.

This way, a light client wallet like Eidoo offers you the possibility of managing your digital currencies through a safe and easy-to-use platform on mobile that doesn’t require much energy, computing power, and hard disk space.

Bitcoin + Ethereum

Eidoo to store Ethereum, all the ERC20 tokens and Bitcoin soon.

Eidoo has been designed on both the Ethereum and Bitcoin blockchain to store and manage Ether, Bitcoin and ER20-based tokens (currently, it is available for Ether and ERC-20 tokens).

This would be the first wallet to support both the blockchains and all the Ethereum-based tokens without any configuration.

In fact, Eidoo will be able to manage all the tokens without installing different apps and wallets for each digital currency.

Thanks to Eidoo, you will have an only one app that includes all the cryptocurrencies, and also a hybrid exchange where you can convert them.

In the near future, Eidoo might implement more digital currencies, tools and services.

Please visit our official website Eidoo and Join our Telegram Official Channel here.


Eidoo Mobile Wallet for iOS and Android was originally published in Eidoo on Medium, where people are continuing the conversation by highlighting and responding to this story.