Category Archives: blockchain technology

Mega Post: Updates, Information, and Explanations About The Komodo BarterDEX

The Komodo BarterDEX Is Live, Featuring Fully Functional Atomic Swaps; Users Are Already Trading Coins, Including Small Amounts of Preliminarily Released Monaize (MNZ)

The following is the account of one of our new team members, @siddhartha-komodo, learning to use The Komodo BarterDEX.

In this process, he purchased a preliminary and fully functioning Monaize dICO coin (a small amount of which have been divvied out to the public in preparation for the official dICO launch).

Having successfully performed his first atomic swap, he now gives a detailed explanation of many of the concepts that community members — both new and old — may be interested to understand so as to more fully take advantage of the opportunities Komodo technology can provide.

Meet @siddhartha-komodo

Hello everyone! You may have seen me around by now. Komodo was my favorite blockchain project long before the Komodo team offered me a job. I found interest in Komodo in September, offered my services first as an unpaid volunteer, then as a freelancer, and now I have the honor of serving as a full-time team member. My background is in writing, teaching, and visual design.

A five-bullet point summary — just the simple facts:

  • Everything works and the atomic-swap purchasing process (including for Monaize) just requires persistence and a bit of a learning curve (still slightly too high for the average user).
  • The MNZ coins in circulation are real, but the supply is very low as these were released purely for developmental purposes. Those wishing to make investments in the Monaize dICO should wait until the official launch date (still under delay), when the full coin supply is released and the price normalizes.
  • The backend technology had no issues for me; the frontend software is still a bit rough around the edges, but it also works and is swiftly improving.
  • Komodo’s BarterDEX, our fully decentralized and atomic-swap powered exchange, is already live and functioning for many other types of coins (Bitcoin, LiteCoin, NameCoin, DogeCoin, etc.). It has been publicly live for months (a fact few realize), though using it previously was too complex for most users.
  • With the frontend software now approaching user-friendly levels, many community members are already getting a head start trading on The BarterDEX. There’s nothing stopping you from joining in the action, so long as you’re willing to be an early adopter.

Specific Clarifications

The Monaize Coin I Purchased Is The Real Deal, Not A “Test” Coin

Yes, the coin I purchased is exactly the same type of coin that dICO participants will purchase when we officially launch the Monaize dICO. (In fact, it is worth mentioning that The BarterDEX does not even use a test net.) Furthermore, the process of purchasing a Monaize coin is indeed a fully realized atomic swap.

This latter fact, that Komodo’s atomic swaps are real and accessible to an average user, is a major leap forward for blockchain technology. As my final confirmations completed for my atomic swap, I had a feeling of being at the very outer edge of “technology” space. For myself, I imagine that it was just a tiny bit similar to what an astronaut feels when performing a spacewalk, standing there on the cutting edge of humanity’s progress.

While the coin I purchased is real, I likely purchased it at a far higher price than users will pay if they wait for the official dICO launch.

The Method I Used Is The Same For Other Komodo Community Members

While I am an official member of the Komodo team, no part of my participation was unique to being a team member. No one on the team asked me to make this atomic swap, and therefore I had no guide to walk me through the process; I also used my own personal Komodo funds. I downloaded the same publicly released software (The Komodo Agama Wallet and The Monaize dICO App) that other community members use. I followed the same public set of instructions we had provided for the initial November 10th launch date (now delayed). When I ran into trouble, I asked questions on the public Komodo Slack chat channels for assistance; developers helped by answering my questions when they had free moments, just as they do for volunteer community members who were swapping coins alongside me.

The total number of successful atomic swaps we have completed is swiftly climbing into the thousands (over 7000, last I checked); most swaps occur around the Monaize/Komodo trading pair, but many other coins are already available (Bitcoin, LiteCoin, NameCoin, DogeCoin, to name a few).

My Motivations: To Understand And To Share Important Concepts

A few nights ago, while working away on revisions for the upcoming Komodo BarterDEX whitepaper, I decided that if I am to share a responsibility in describing The BarterDEX, I probably ought to be comfortable actually using it (simple logic, right?). So, I wandered over to where all the development action happens on Slack, found the links to the latest software releases as they slid across the chat channel, and got started.

In the process of performing my first atomic swap, I realized that there are a few concepts regarding our project that need a written explanation now, to share awareness and insight into what exactly Komodo is accomplishing. These developers I have the honor of working with have been quite busy for several years, fulfilling a vision they have had little time to stop and explain; coming onto the project just now, I find that almost every day there is a new rabbit hole to go down. Komodo is not a simple business; it is an endeavor, a movement, a cause.

Providing a few insights today I hope will help you to better understand the nature of the Komodo project (which extends far beyond just The BarterDEX), and also that you find a more clear pathway to get involved.

Normally I would prefer to keep my post-length below 600 words. Yet, there was so much to discover and explain in the atomic-swap journey, and so many questions that I anticipate future users will have, a mega post seemed the best path forward.

Getting Into Details About Komodo and The BarterDEX

For Newcomers: How To Catch Up With The Komodo Story

Naturally, as our Komodo marketing journey is just starting, information about who we are and what we are doing is still scarce; after all, we are just now formalizing our whitepapers (The BarterDEX whitepaper is getting close!).

When writing a blog post such as this, I face the question of wondering where you are, dear reader, in your journey of discovering blockchain technology as a whole, and how much you know about Komodo’s endeavors.

If you are one of those readers who just barely discovered our project, allow me to wrap up the underlying idea of Komodo in one sentence:

Komodo is to blockchain technology what Linux is to operating systems.

In other words, as an organization, we are furthering the cause of decentralization by developing blockchain technologies, while staying true to the same underlying open-source principles that make the Linux operating system meaningful and useful.

Over the last several weeks, we have released blog posts that explain in detail different pieces of the picture of who we are and what we are doing. It will take time for us to provide a thoroughly developed explanation for each individual part, and to then bring all the pieces together into a coherent whole. I’m going to assume that if you continue reading this article, you are at least aware that today’s story builds upon the following previous posts and explanations:

If you are new and have not yet had the chance to understand these Komodo-related topics, I recommend that you give these articles a click first.

With that said, even having read all of those posts, there is yet another piece of the Komodo story that we have not yet had time to explain in simplified terms. This is The BarterDEX, and it is integral to what we are doing.

We have a whitepaper circulating internally that will explain The BarterDEX in thorough detail, but in the meantime, to summarize in one sentence:

The BarterDEX is a fully decentralized exchange, powered by atomic-swap technology, and it allows people to trade cryptocurrencies without a counterparty risk.

When we say “fully decentralized,” we mean it.

The BarterDEX is a complete and fully realized solution. It is a decentralized exchange that requires no escrow systems, and has no platform managers (not even us!) to decide who can use it and how. Further, the entire trading process is comparatively fast and convenient, dramatically more secure and reliable, and therefore, we believe it to be a competitive and capable pathway forward in the cause of decentralization.

Understanding What The BarterDEX Is, And What It Isn’t

Here’s a thing that’s hard for newcomers to understand: It is far too limiting to describe The BarterDEX as a software application that loads up on your local computer; in fact, that really doesn’t describe it at all.

For the moment, allow me, please, to oversimplify The BarterDEX, so that you can better understand the gist. (Naturally, for those technical aficionados out there, you’ll notice that this is extremely oversimplified; please, bear with me.)

The BarterDEX Is A Protocol

In one way of describing it, The BarterDEX is a protocol that allows users to trade directly with each other between two different raw cryptocurrencies.

When we use the word “protocol,” we are describing a pathway or a set of code that is a widely accepted as a method upon which developers can rely when making computers work together.

In the field of technology, we create protocols when communication between computers and other devices is complex and arbitrary. Creating a standard that developers can adopt enables us to more efficiently communicate and innovate; otherwise, one computer-related project would behave too differently from another.

A Quick Comparison: The Letters “HTTP” In Your Web Address Bar Designate A Protocol

Look right up in your web address bar and you’ll see those four letters, ‘http,’ at the front of the website address. Those letters stand for “HyperText Transfer Protocol,” which means that you and me, this very moment, are using a “protocol” to send this blog post over The Internet so that we can chat with each other. Our computers use this underlying protocol, HTTP, which is actually very complex, to simplify the process so that for us, as end-users, it’s a piece of cake to share knowledge.

HTTP is a foundation for how we exchange Information over The Internet.

Your Web Browser, However, Is A Software Application; It’s Not A Protocol

We use something else, a piece of software called a “web browser,” that understands the HTTP protocol (and other protocols!) and can handle it automatically (this is your Firefox, Chrome, Safari, IceCat, etc.). This way, we don’t have to think about HTTP while we’re browsing the interwebs.

So, we have a protocol that provides a foundation for computer interaction, and then a software application that runs on top to simplify the process.

The BarterDEX Is “The Protocol” (I’m Simplifying); Now, We’re Building “Value Browsers”

The BarterDEX has strong similarities to the concept of a protocol, in that it is essentially an open-source set of code that provides an underlying foundation for users to exchange raw cryptocurrencies in a fully decentralized manner.

When the creators of HTTP developed for the public, they did not create patents to block others from using it. Instead, while they did build their own web browsers, they also released the HTTP to the public freely so that anyone could develop different types of browsers. The variety creates competition, which fosters innovation.

This is similar to what we’ve done with The BarterDEX. It’s open-source, and it becomes a foundational “protocol” that users can adopt as a way of exchanging Value over The Internet.

Technically knowledgeable users have already been running The BarterDEX constantly for months to conduct trades; our lead developer, JL777, began using the roots of BarterDEX technology to conduct atomic swaps years ago, in fact.

However, just like the earliest HTTP endeavors, The BarterDEX as a “protocol” is too complex for most users to actually employ it without some kind of software application. Yet, writing a user-friendly software application is a separate endeavor, as opposed to building the protocol itself.

We Are Helping Our Community Members To Create An Ecosystem of Value Browsers

While we are helping members of our community to build applications that utilize The BarterDEX, we are trying harder to foster an ecosystem where many different software applications work together to serve a wide variety of users and their needs.

To kickstart the creation of these “Value Browsers,” as we might call them, we provided initial funding, and we also have an outstanding commitment of a $100,000 reward to whomever creates the most popular “Value Browser.” We help any developers in our community as they actively engage in the development process.

A few of our most active volunteer community members are on the cusp of releasing a stable product. Altogether, I think we have six or seven “value browsers” in the creation process, and we spoke about them in a comment on our October Reddit AMA.

The takeaways from all this are: The BarterDEX is an underlying foundation that enables users to trade and exchange funds, but it is a separate beast from the standalone applications that take advantage of The BarterDEX itself.

In the long run, ideally, no one will need us (the Komodo team) to build a new “Value Browser” for The BarterDEX, just as no one needs the original creators of HTTP to build a new web browser.

There are “Value Browsers” already that are basically up and running, and yet (as my brief story below will provide) the ride you take when using them is a bit rough — just as early web browsers had hiccups, too.

I have yet to hear of anyone losing any funding on The BarterDEX (though never rule that kind of thing out). The difficult part of using The BarterDEX only lies in getting the initial connection established between traders; after that, the rest is a cinch.

Most of the things in the learning curve are easily overcome; if you’d like to give it a try today, just come to our Slack channel, ask questions, and you’ll probably make it through just fine.

My Brief Account, And A Screenshot Of A Completed Atomic Swap

Of course, some of our readers just want a quick insight into the process, without having to go through all the effort. So, here’s my story.

My journey began around 2:00 AM in the morning four days ago, and I began for the reasons already described. I had a head start on the whole process, as I had previously installed the Komodo Agama Wallet, for long-term coin storage (it’s a multi-coin wallet, capable of storing Komodo, Monaize, and other coins).

I visited the #tradebots channel on our community Slack and watched for @grewalsatinder’s latest release of the Monaize dICO App to scroll by.

The installation was a cinch, and once I loaded up the wallet I simply clicked the buttons that say “Electrum” to get a new smartaddress (this is a Komodo SPV technology, wherein you can store and trade multiple coins right in the “value browser,” without having to download a single blockchain). I sent just 1 KMD to this smartaddress; it’s still new technology, and naturally I wanted to minimize my risk.

The tricky part now was to understand the many things the dICO App’s interface was telling me. I won’t bother explaining my visual user experience in detail, because the entire interface is iterating so rapidly, my visual experience is no longer relevant.

The thing that I had the hardest time trying to understand was the term, “UTXO.” I do understand it well now, and we’re including a full explanation in the upcoming BarterDEX whitepaper.

I won’t bother explaining UTXOs for themoment, because I hear that developers are trying to automate away everything to do with this aspect of the technology, so that you won’t even have to think about UTXOs during the Monaize dICO (but don’t hold me to that).

Once I figured out how to place an order for MNZ coin, it was simply a process of trying different combinations and parameters (at what price shall I pay and for how much MNZ coin?). Eventually, I settled on offering at a rate for 0.3 KMD to 1 MNZ, and anytime anything seemed to be taking longer than it was taking my fellow traders on the Slack channel, I gave the dICO App’s memory a good jug on the head by rebooting it. I don’t know if that latter part was always necessary, but it was fun to feel like Fezzik interacting with The Albino in The Princess Bride.

Finally, after a couple hours (maybe two or three) of tinkering and failing, I had my first “catch”: I saw the words, “Reserved,” pop up next to my request. That was a sign I was on the right track, but this trade never went through. I cancelled and reset again, and this time I “caught my first fish.”

Once I connected with a trading partner, the entire process for the atomic swap was entirely automated, and fast. All I had to do was simply wait and watch — holding my breath a bit — until I saw this:

My First “Catch,” a Completed Atomic Swap on The dICO App

Done. I was officially one of the first few people to accomplish an atomic swap…and the whole thing was not that hard (when I look at the math and coding behind all this, I personally find it difficult not to be impressed).

That was my first cryptocurrency trade, sans the middlemen. I atomic-swapped one of my Komodo coins for someone else’s Monaize coin, without any risk, or coordination, and — once I understood what I was doing — the time involved was not long.

There are many community members mastering the art of the atomic swap now, and they can complete trades in minutes. (Technically, they can even complete them in seconds, though that lowers the security as the protocol has less time to watch for blockchain confirmations.)

That was it! In my personal opinion (and yes, I’m a team member, so I know I’m speaking from a biased position…but remember, I offered myself as an unpaid volunteer first), I see this as a worthy accomplishment, especially when considering the years of verbal commitments the founding members of Komodo made while building this technology. And, the story for Komodo goes far beyond The BarterDEX.

On that note, I shall head to my next project, working to explain the overall vision of what the Komodo team is up to. If you have any particular questions about the Komodo vision right now, feel free to ask in the comments below!

Mega Post: Updates, Information, and Explanations About The Komodo BarterDEX

The Komodo BarterDEX Is Live, Featuring Fully Functional Atomic Swaps; Users Are Already Trading Coins, Including Small Amounts of Preliminarily Released Monaize (MNZ)

The following is the account of one of our new team members, @siddhartha-komodo, learning to use The Komodo BarterDEX.

In this process, he purchased a preliminary and fully functioning Monaize dICO coin (a small amount of which have been divvied out to the public in preparation for the official dICO launch).

Having successfully performed his first atomic swap, he now gives a detailed explanation of many of the concepts that community members — both new and old — may be interested to understand so as to more fully take advantage of the opportunities Komodo technology can provide.

Meet @siddhartha-komodo

Hello everyone! You may have seen me around by now. Komodo was my favorite blockchain project long before the Komodo team offered me a job. I found interest in Komodo in September, offered my services first as an unpaid volunteer, then as a freelancer, and now I have the honor of serving as a full-time team member. My background is in writing, teaching, and visual design.

A five-bullet point summary — just the simple facts:

  • Everything works and the atomic-swap purchasing process (including for Monaize) just requires persistence and a bit of a learning curve (still slightly too high for the average user).
  • The MNZ coins in circulation are real, but the supply is very low as these were released purely for developmental purposes. Those wishing to make investments in the Monaize dICO should wait until the official launch date (still under delay), when the full coin supply is released and the price normalizes.
  • The backend technology had no issues for me; the frontend software is still a bit rough around the edges, but it also works and is swiftly improving.
  • Komodo’s BarterDEX, our fully decentralized and atomic-swap powered exchange, is already live and functioning for many other types of coins (Bitcoin, LiteCoin, NameCoin, DogeCoin, etc.). It has been publicly live for months (a fact few realize), though using it previously was too complex for most users.
  • With the frontend software now approaching user-friendly levels, many community members are already getting a head start trading on The BarterDEX. There’s nothing stopping you from joining in the action, so long as you’re willing to be an early adopter.

Specific Clarifications

The Monaize Coin I Purchased Is The Real Deal, Not A “Test” Coin

Yes, the coin I purchased is exactly the same type of coin that dICO participants will purchase when we officially launch the Monaize dICO. (In fact, it is worth mentioning that The BarterDEX does not even use a test net.) Furthermore, the process of purchasing a Monaize coin is indeed a fully realized atomic swap.

This latter fact, that Komodo’s atomic swaps are real and accessible to an average user, is a major leap forward for blockchain technology. As my final confirmations completed for my atomic swap, I had a feeling of being at the very outer edge of “technology” space. For myself, I imagine that it was just a tiny bit similar to what an astronaut feels when performing a spacewalk, standing there on the cutting edge of humanity’s progress.

While the coin I purchased is real, I likely purchased it at a far higher price than users will pay if they wait for the official dICO launch.

The Method I Used Is The Same For Other Komodo Community Members

While I am an official member of the Komodo team, no part of my participation was unique to being a team member. No one on the team asked me to make this atomic swap, and therefore I had no guide to walk me through the process; I also used my own personal Komodo funds. I downloaded the same publicly released software (The Komodo Agama Wallet and The Monaize dICO App) that other community members use. I followed the same public set of instructions we had provided for the initial November 10th launch date (now delayed). When I ran into trouble, I asked questions on the public Komodo Slack chat channels for assistance; developers helped by answering my questions when they had free moments, just as they do for volunteer community members who were swapping coins alongside me.

The total number of successful atomic swaps we have completed is swiftly climbing into the thousands (over 7000, last I checked); most swaps occur around the Monaize/Komodo trading pair, but many other coins are already available (Bitcoin, LiteCoin, NameCoin, DogeCoin, to name a few).

My Motivations: To Understand And To Share Important Concepts

A few nights ago, while working away on revisions for the upcoming Komodo BarterDEX whitepaper, I decided that if I am to share a responsibility in describing The BarterDEX, I probably ought to be comfortable actually using it (simple logic, right?). So, I wandered over to where all the development action happens on Slack, found the links to the latest software releases as they slid across the chat channel, and got started.

In the process of performing my first atomic swap, I realized that there are a few concepts regarding our project that need a written explanation now, to share awareness and insight into what exactly Komodo is accomplishing. These developers I have the honor of working with have been quite busy for several years, fulfilling a vision they have had little time to stop and explain; coming onto the project just now, I find that almost every day there is a new rabbit hole to go down. Komodo is not a simple business; it is an endeavor, a movement, a cause.

Providing a few insights today I hope will help you to better understand the nature of the Komodo project (which extends far beyond just The BarterDEX), and also that you find a more clear pathway to get involved.

Normally I would prefer to keep my post-length below 600 words. Yet, there was so much to discover and explain in the atomic-swap journey, and so many questions that I anticipate future users will have, a mega post seemed the best path forward.

Getting Into Details About Komodo and The BarterDEX

For Newcomers: How To Catch Up With The Komodo Story

Naturally, as our Komodo marketing journey is just starting, information about who we are and what we are doing is still scarce; after all, we are just now formalizing our whitepapers (The BarterDEX whitepaper is getting close!).

When writing a blog post such as this, I face the question of wondering where you are, dear reader, in your journey of discovering blockchain technology as a whole, and how much you know about Komodo’s endeavors.

If you are one of those readers who just barely discovered our project, allow me to wrap up the underlying idea of Komodo in one sentence:

Komodo is to blockchain technology what Linux is to operating systems.

In other words, as an organization, we are furthering the cause of decentralization by developing blockchain technologies, while staying true to the same underlying open-source principles that make the Linux operating system meaningful and useful.

Over the last several weeks, we have released blog posts that explain in detail different pieces of the picture of who we are and what we are doing. It will take time for us to provide a thoroughly developed explanation for each individual part, and to then bring all the pieces together into a coherent whole. I’m going to assume that if you continue reading this article, you are at least aware that today’s story builds upon the following previous posts and explanations:

If you are new and have not yet had the chance to understand these Komodo-related topics, I recommend that you give these articles a click first.

With that said, even having read all of those posts, there is yet another piece of the Komodo story that we have not yet had time to explain in simplified terms. This is The BarterDEX, and it is integral to what we are doing.

We have a whitepaper circulating internally that will explain The BarterDEX in thorough detail, but in the meantime, to summarize in one sentence:

The BarterDEX is a fully decentralized exchange, powered by atomic-swap technology, and it allows people to trade cryptocurrencies without a counterparty risk.

When we say “fully decentralized,” we mean it.

The BarterDEX is a complete and fully realized solution. It is a decentralized exchange that requires no escrow systems, and has no platform managers (not even us!) to decide who can use it and how. Further, the entire trading process is comparatively fast and convenient, dramatically more secure and reliable, and therefore, we believe it to be a competitive and capable pathway forward in the cause of decentralization.

Understanding What The BarterDEX Is, And What It Isn’t

Here’s a thing that’s hard for newcomers to understand: It is far too limiting to describe The BarterDEX as a software application that loads up on your local computer; in fact, that really doesn’t describe it at all.

For the moment, allow me, please, to oversimplify The BarterDEX, so that you can better understand the gist. (Naturally, for those technical aficionados out there, you’ll notice that this is extremely oversimplified; please, bear with me.)

The BarterDEX Is A Protocol

In one way of describing it, The BarterDEX is a protocol that allows users to trade directly with each other between two different raw cryptocurrencies.

When we use the word “protocol,” we are describing a pathway or a set of code that is a widely accepted as a method upon which developers can rely when making computers work together.

In the field of technology, we create protocols when communication between computers and other devices is complex and arbitrary. Creating a standard that developers can adopt enables us to more efficiently communicate and innovate; otherwise, one computer-related project would behave too differently from another.

A Quick Comparison: The Letters “HTTP” In Your Web Address Bar Designate A Protocol

Look right up in your web address bar and you’ll see those four letters, ‘http,’ at the front of the website address. Those letters stand for “HyperText Transfer Protocol,” which means that you and me, this very moment, are using a “protocol” to send this blog post over The Internet so that we can chat with each other. Our computers use this underlying protocol, HTTP, which is actually very complex, to simplify the process so that for us, as end-users, it’s a piece of cake to share knowledge.

HTTP is a foundation for how we exchange Information over The Internet.

Your Web Browser, However, Is A Software Application; It’s Not A Protocol

We use something else, a piece of software called a “web browser,” that understands the HTTP protocol (and other protocols!) and can handle it automatically (this is your Firefox, Chrome, Safari, IceCat, etc.). This way, we don’t have to think about HTTP while we’re browsing the interwebs.

So, we have a protocol that provides a foundation for computer interaction, and then a software application that runs on top to simplify the process.

The BarterDEX Is “The Protocol” (I’m Simplifying); Now, We’re Building “Value Browsers”

The BarterDEX has strong similarities to the concept of a protocol, in that it is essentially an open-source set of code that provides an underlying foundation for users to exchange raw cryptocurrencies in a fully decentralized manner.

When the creators of HTTP developed for the public, they did not create patents to block others from using it. Instead, while they did build their own web browsers, they also released the HTTP to the public freely so that anyone could develop different types of browsers. The variety creates competition, which fosters innovation.

This is similar to what we’ve done with The BarterDEX. It’s open-source, and it becomes a foundational “protocol” that users can adopt as a way of exchanging Value over The Internet.

Technically knowledgeable users have already been running The BarterDEX constantly for months to conduct trades; our lead developer, JL777, began using the roots of BarterDEX technology to conduct atomic swaps years ago, in fact.

However, just like the earliest HTTP endeavors, The BarterDEX as a “protocol” is too complex for most users to actually employ it without some kind of software application. Yet, writing a user-friendly software application is a separate endeavor, as opposed to building the protocol itself.

We Are Helping Our Community Members To Create An Ecosystem of Value Browsers

While we are helping members of our community to build applications that utilize The BarterDEX, we are trying harder to foster an ecosystem where many different software applications work together to serve a wide variety of users and their needs.

To kickstart the creation of these “Value Browsers,” as we might call them, we provided initial funding, and we also have an outstanding commitment of a $100,000 reward to whomever creates the most popular “Value Browser.” We help any developers in our community as they actively engage in the development process.

A few of our most active volunteer community members are on the cusp of releasing a stable product. Altogether, I think we have six or seven “value browsers” in the creation process, and we spoke about them in a comment on our October Reddit AMA.

The takeaways from all this are: The BarterDEX is an underlying foundation that enables users to trade and exchange funds, but it is a separate beast from the standalone applications that take advantage of The BarterDEX itself.

In the long run, ideally, no one will need us (the Komodo team) to build a new “Value Browser” for The BarterDEX, just as no one needs the original creators of HTTP to build a new web browser.

There are “Value Browsers” already that are basically up and running, and yet (as my brief story below will provide) the ride you take when using them is a bit rough — just as early web browsers had hiccups, too.

I have yet to hear of anyone losing any funding on The BarterDEX (though never rule that kind of thing out). The difficult part of using The BarterDEX only lies in getting the initial connection established between traders; after that, the rest is a cinch.

Most of the things in the learning curve are easily overcome; if you’d like to give it a try today, just come to our Slack channel, ask questions, and you’ll probably make it through just fine.

My Brief Account, And A Screenshot Of A Completed Atomic Swap

Of course, some of our readers just want a quick insight into the process, without having to go through all the effort. So, here’s my story.

My journey began around 2:00 AM in the morning four days ago, and I began for the reasons already described. I had a head start on the whole process, as I had previously installed the Komodo Agama Wallet, for long-term coin storage (it’s a multi-coin wallet, capable of storing Komodo, Monaize, and other coins).

I visited the #tradebots channel on our community Slack and watched for @grewalsatinder’s latest release of the Monaize dICO App to scroll by.

The installation was a cinch, and once I loaded up the wallet I simply clicked the buttons that say “Electrum” to get a new smartaddress (this is a Komodo SPV technology, wherein you can store and trade multiple coins right in the “value browser,” without having to download a single blockchain). I sent just 1 KMD to this smartaddress; it’s still new technology, and naturally I wanted to minimize my risk.

The tricky part now was to understand the many things the dICO App’s interface was telling me. I won’t bother explaining my visual user experience in detail, because the entire interface is iterating so rapidly, my visual experience is no longer relevant.

The thing that I had the hardest time trying to understand was the term, “UTXO.” I do understand it well now, and we’re including a full explanation in the upcoming BarterDEX whitepaper.

I won’t bother explaining UTXOs for themoment, because I hear that developers are trying to automate away everything to do with this aspect of the technology, so that you won’t even have to think about UTXOs during the Monaize dICO (but don’t hold me to that).

Once I figured out how to place an order for MNZ coin, it was simply a process of trying different combinations and parameters (at what price shall I pay and for how much MNZ coin?). Eventually, I settled on offering at a rate for 0.3 KMD to 1 MNZ, and anytime anything seemed to be taking longer than it was taking my fellow traders on the Slack channel, I gave the dICO App’s memory a good jug on the head by rebooting it. I don’t know if that latter part was always necessary, but it was fun to feel like Fezzik interacting with The Albino in The Princess Bride.

Finally, after a couple hours (maybe two or three) of tinkering and failing, I had my first “catch”: I saw the words, “Reserved,” pop up next to my request. That was a sign I was on the right track, but this trade never went through. I cancelled and reset again, and this time I “caught my first fish.”

Once I connected with a trading partner, the entire process for the atomic swap was entirely automated, and fast. All I had to do was simply wait and watch — holding my breath a bit — until I saw this:

My First “Catch,” a Completed Atomic Swap on The dICO App

Done. I was officially one of the first few people to accomplish an atomic swap…and the whole thing was not that hard (when I look at the math and coding behind all this, I personally find it difficult not to be impressed).

That was my first cryptocurrency trade, sans the middlemen. I atomic-swapped one of my Komodo coins for someone else’s Monaize coin, without any risk, or coordination, and — once I understood what I was doing — the time involved was not long.

There are many community members mastering the art of the atomic swap now, and they can complete trades in minutes. (Technically, they can even complete them in seconds, though that lowers the security as the protocol has less time to watch for blockchain confirmations.)

That was it! In my personal opinion (and yes, I’m a team member, so I know I’m speaking from a biased position…but remember, I offered myself as an unpaid volunteer first), I see this as a worthy accomplishment, especially when considering the years of verbal commitments the founding members of Komodo made while building this technology. And, the story for Komodo goes far beyond The BarterDEX.

On that note, I shall head to my next project, working to explain the overall vision of what the Komodo team is up to. If you have any particular questions about the Komodo vision right now, feel free to ask in the comments below!

The Big Bitcoin Battle: What I Found Out About Bitcoin VS BCash

Image Source: Leaprate.com

The last several days have been quite the roller coaster ride for Bitcoin and Cryptocurrency holders. If you are new to this, fix your hair, have a sip of water, walk it off a little bit, then settle down and grab a seat. If you are a grizzled veteran, you’re likely a bit excited about the free fall (after months of going up, up, up) and your heart rate is probably a bit elevated, but nothing to lose sleep over — you know Bitcoin will be fine after the dust settles.

One thing that has been proven time and time again in the last 8 or so years is this: Bitcoin is not resilient or resistant to attacks. Bitcoin is much more than that — Bitcoin is Anti-fragile.

Antifragility is a property of systems that increase in capability, resilience, or robustness as a result of stressors, shocks, volatility, noise, mistakes, faults, attacks, or failures. Bitcoin has come out stronger after every attack on the system and this is no different from past attacks, nor will this be the last attack on the Bitcoin network.

So what is happening, you might ask? Simply put, the people running Bitcoin Cash are “plotting the death of Bitcoin” by launching a coordinated attack on the Bitcoin network. Why would they want to do this instead of just making a better version that people will actually want to use, and beat Bitcoin fair and square in the market? Did the Bitcoin Core team force their hand into doing something so desperate? Each side thinks they are right, so it is hard to make an objective call on the matter.

So I did a little bit more digging into it. Here’s what I came up with:

Bitcoin and BCash in a nutshell:

  • Bitcoin (BTC) is the first blockchain, while Bitcoin Cash or Bcash (BCH) is a hard fork of Bitcoin that was activated on August 1, 2017.
  • BTC’s main value proposition is its decentralization, reliability as a store of value, censorship resistance, network effects, and being the “Digital Gold” of the internet age. They want the world’s wealth to transfer into the Bitcoin network.
  • BCH’s main value proposition is that it claims to retain ‘the original vision” of Satoshi Nakamoto for Bitcoin to be a minimal-fee payment system, much like VISA or Paypal, and to be the “Digital Cash” of the internet age. They want the world’s entire population to be able to use Bitcoin for daily transactions.

I also did a lot of research into the nitty gritty on the strengths and weaknesses of both implementations, things like the blocksize debate, scaling, rising transaction fees, network congestion, and more, but I am afraid that would take up too much time and turn this piece into a boring technical discussion. Instead, I will focus on the development team behind both, the main public proponents of each side, and touch on the network’s miners and nodes.

The Development Team Behind BTC and BCH:

I believe this is probably the most overlooked and underestimated part of the Bitcoin project. Bitcoin is software, and as seen in the recent Ether Parity wallet hack that froze US$300M in user funds, tens of billions of dollars should never be allowed to be run on code that has not been extensively tested by the best engineers in the world. If you were to create a massive bridge that will transport millions of people across an ocean, would you hire low-level engineers to build and constantly maintain and upgrade it? You would want only the best to handle such a project. With Bitcoin, potentially trillions of dollars will flow through the network — we can’t have amateurs tinkering with the code.

  • Bitcoin Core development has some of the best crypto-developers in the world working on the project. It has a large open source developer community with many casual contributors to the codebase, as well as research, peer review, testing, documentation, and translation. They have an unparalleled record of releasing well-tested and thoroughly reviewed code. In the last week alone, there have been over 100 commits on Github — the development is constant for the last half a decade and of the highest level possible for any open-source project. The confidence needs to be high because the project is now worth $100+ Billion. I would say you can be sure they are putting out top-notch code every single time.
  • Bitcoin Cash, at the time of this writing, had one Github commit in the last 13 days. Their development team is composed of one to two full-time developers and a handful of unknown others. If you want to know who they are, you cannot even find them on the Bitcoin Cash Website (please correct me if I am wrong). The level of development on the project is largely untested, has no track record on how disputes between developers are resolved or when something is production ready, and no diverse set of developer testing. For an overnight $20 Billion project, this does not inspire much confidence in people.

The Main Proponents of Bitcoin & Bitcoin Cash: Who are the people behind the two?

Here is where it got a bit interesting.

  • Bitcoin has the Bitcoin Core development team, a group software engineers that have been working on Bitcoin development for the last several years, mostly voluntarily. Known personalities are Dr. Adam Back, the inventor of hashcash, the proof-of-work system used by several anti-spam systems and is the work quoted by Satoshi Nakamoto himself as the basis behind Bitcoin’s POW system. He is also the CEO of Blockstream. Then there is lead developer Dr. Pieter Wuille, who discovered Bitcoin in 2010 and has been a Bitcoin Core developer since May 2011. In 2012, Wuille published BIP 32, which added hierarchical deterministic wallets to Bitcoin. SegWit is his brainchild, now activated in the network. Then there is lead maintainer Wladimir Van Der Laan, whose salary is paid by the MIT Digital Currency Initiative.

These people are software developers of the highest order, no doubt about that. They have been working on Bitcoin before it was cool, and naturally got the support of the largest players in the community simply on the merits of their work and their stellar past reputations.

  • Bitcoin Cash’s, most well-known proponents are Roger Ver, Jihan Wu, Calvin Ayre, and Craig Wright (photo of three of them together in the link), publicly championing their version of Bitcoin as the “real” Bitcoin and “plotting the death” of Bitcoin. Of these people, only Dr. Wright is a programmer. These are the owners of Bitcoin Cash- They control its code, its mining, its nodes, its marketing, everything. Not only do they claim BCash should be called the only Bitcoin, they have claimed that it is “the only Blockchain that can do it all”. Some quick research on the backgrounds of these people reveal a few things:

Roger Ver was one of the original Bitcoin “evangelists” and did a lot to help Bitcoin early on, investing in several big companies such as Blockchain.info and Localbitcoins, and was known as “Bitcoin Jesus”, but now known more as “Bitcoin Judas.” He is also the CEO of Bitcoin.com, which has nothing to do with Bitcoin but is actually a BCash website. He is also a convicted felon in the US after serving 10 months in Federal prison for selling explosives on Ebay. He is the main proponent of Bitcoin Cash.

Calving Ayre, a billionaire, was, in 2013, in the top 10 Homeland Security most wanted fugitive list in the US for illegal online gambling and money laundering but was then cleared of his charges in early 2017. He owns Bodog, one of the biggest online gambling platforms. He also insists that BCash should be called Bitcoin, even though he has never contributed anything to actual Bitcoin development in the past.

Dr. Craig Wright is known as “fake Satoshi” after claiming to be Satoshi Nakamoto but failing to prove it. He is a computer programmer and businessman. He tried to pass off a fraudulent signature, in public, and failed. His “proof” that he is S.N. was proven to be fake and an attempt to dupe people into believing his claim.

Jihan Wu is the proprietor of Antmain, a large mining operator and mining equipment seller from China that controls almost all the hashrate of Bitcoin cash. Known for his patented ASICBOOST, a hidden mining software discovered by the community that gives them an unfair advantage over other miners. Segwit, Bitcoin Core’s upgrade, nullified this, hence the hatred for Bitcoin core.

Just going to leave this here…

Bitcoin VS Bcash Mining and Nodes: Know your network

Bitcoin Mining has become more distributed and more powerful in the last five years. The funny thing about this is that the biggest supporters of Bitcoin Cash (Antpool, others) are still mining Bitcoin, because it is simply more profitable. Bitcoin Core also has more than 7,800 active full nodes running which is one of the most important factors to be truly decentralized currency. These are real nodes, not run on AWS and paid for by one company.

Bitcoin Cash mining is highly centralized. Just check out the image above. If we combine the hash power of Antpool, ViaBTC, and BTC.com (Roger Ver and Jihan Wu’s mining pools) which makes more than 50% hash power. These two people can do a 51% attack anytime they want. Bitcoin Cash also has only 1,200 nodes, with a lot of them running on AWS and bought by the main proponents of Bitcoin cash.

Well, we now have some very basic knowledge of the two versions of the protocol, a closer look at the development team which is without a doubt most important part of any software project, an overview of the main personalities supporting each side, and an objective look at the network health in terms of hashrate and node count. If you wish to go down deeper into this rabbit hole, I wish you luck. This was exhausting to write.

Supporting the Bitcoin network should never be about politics and personalities, but about the merits of the software and the open, decentralized nature of the project. This is a massive undertaking the likes of which the world has never seen before — it aims to replace the old way of using and moving money itself. Inevitably, attacks like this will happen as people resist this change. Thankfully, Bitcoin is Anti-fragile. I believe it will come out stronger.

My personal view is that all of these things happening today in the crypto world are going to be part of history. Decades from now, we will look back and probably laugh at this, seeing that all this in-fighting was a big waste of time, and will attribute it to growing pains. The real mission remains: a world where value flows as freely as information, and the evolution of money itself rapidly accelerates in the wake of the most disruptive technology ever seen by society — Bitcoin, Cyrptocurrency, and Blockchain Technology.

Whatever happens after this whole debacle is over, only one thing seems certain — The technology is here to stay and here to break the status quo.

FinTech Wunderkind The NAGA Group AG Continues to Disrupt Financial Markets

FinTech company The NAGA Group AG aims to bring the advantages of financial technology to the masses through the first blockchain-based ecosystem for decentralized trading, investing, and education in financial markets, virtual goods, and cryptocurrencies.

[Note: This is a sponsored article.]


The NAGA Group AG is a German technology company whose mission is to “[identify and build] disruptive business models” and disrupt they have. After conducting one of Germany’s fastest recorded IPOs in the past 15 years, NAGA was listed on the Frankfurt Stock Exchange in July, whereupon they saw a share price increase of 400% in less than three months.

Considered one of the top traded retail shares in Germany, NAGA’s current market cap exceeds 300 million EUR ($348 million USD). NAGA is the first publicly traded company to follow up a successful IPO with a token sale and, unlike the majority of other token sales, has an existing product already generating millions of dollars in annual revenues.

NAGA Ecosystem

The NAGA ecosystem is an ambitious project that brings together NAGA’s core offerings – SwipeStox, Switex, and the NAGA wallet – to create a single platform that makes buying and selling stocks, cryptocurrencies, and virtual goods safer, more transparent, and more accessible to everyone.

SwipeStox

SwipeStox is social trading at its best. It combines the features of social networks like Facebook and Twitter (chat, channels, video, follow and watch, etc…) with a robust trading platform. Designed to take the confusion out of trading, SwipeStox lets users copy and share stock trades with a single click.

SwipeStox

Some of SwipeStox’ features include:

  • Copy Trades
  • Auto Copy
  • CYBO robo-advisor
  • Protector
  • News Feed
  • Social features

In addition, users who choose to share their trades with the larger community earn a generous bonus, paid directly to their account, any time another user copies one of their trades. In an interview with CNBC, CEO Benjamin Bilski stated that there are users who are making $10 – $15,000 per month just from having their trades copied by other traders on the platform.

Launched in 2016, SwipeStox currently has tens of thousands of active users and a total trade volume to date of over $49 billion. The SwipeStox app is available for both Android and iOS devices and there is a web-based interface as well.

Switex

Currently in alpha, Switex will be the first independent, safe, and legal virtual goods exchange platform.  Users of the platform will be able to buy in-game virtual items both from other gamers and directly from the game publishers themselves. Switex is not just for gamers, however. Practically any virtual item – concert tickets, movie tickets, e-gift cards – can be bought and sold in the marketplace.

Switex

Any item entering the Switex system will be secured against fraud and scamming as the legitimacy of the items, their origins, and the sellers’ right to sell will all be verified. Furthermore, Switex’ fully integrated clearance and settlement system will automatically transfer goods to the buyer upon purchase, ensuring a seamless and safe transaction for both parties.

NAGA Wallet

The NAGA wallet plays a central role in the NAGA ecosystem. First and foremost, it is a secure multi-currency wallet that allows users to deposit and exchange cryptocurrencies as well as fiat currencies. Second, it serves as a central hub, pulling together SwipeStox, Switex, and any future projects into one easily accessible dashboard interface. Users will be able to invest in stocks, trade virtual goods, manage crypto portfolios, facilitate transfers of funds, and more.

NAGA Wallet

Some of the key advantages of the NAGA wallet include:

  • Connects to leading cryptocurrency exchanges
  • Direct integration with SwipeStox and Switex user accounts
  • Lowest foreign exchange and transaction fees
  • Decentralized and risk-free storage
  • Dedicated NGC bonus wallet inside the NAGA wallet where users will earn a percentage-based bonus per transaction volume on both Switex and SwipeStox

Currently, the NAGA wallet can be funded with BTC, ETH, LTC, and DASH. Users preferring FIAT currencies can fund their wallet using a credit card or bank transfer.

NAGA Token Sale and Pre-Sale

NAGA will be launching its token sale in two stages – the Pre-Token Sale and the main Token Sale. The exchange rate for NAGA Coin is 1 NGC = $1 USD. Investors can purchase tokens using BTC, ETH, LTC, and DASH. For those wishing to use FIAT currency, EUR and USD are also accepted.

  • Token Name: NAGA Coin
  • Ticker Symbol: NGC
  • Token Price: 1 NGC = $1.00
  • Min. Cap in Tokens: 1 million NGC
  • Tokens Available for Sale: 220 million NGC (pre-sale and token sale combined)
  • Minimum Purchase: 10 NGC
  • Maximum Purchase: 10 million NGC
  • Accepted Currencies: BTC, ETH, LTC, DASH, EUR, USD

Token Pre-Sale

  • Start Date: November 20, 2017 (00:00 CET)
  • End Date: November 27, 2017 (23:59 CET)
  • Max Cap in Tokens: 20 million NGC
  • Sale Bonus: 30%

Token Sale

  • Start Date: December 1, 2017 (00:00 CET)
  • End Date: December 15, 2017 (23:59 CET)
  • Max Cap in Tokens: 200 million NGC

For more information about The NAGA Group AG, please visit their company website. You can learn more about the NAGA ecosystem and token sale at nagaico.com and by following them on Facebook, Twitter, LinkedIn, BitcoinTalk, and Telegram.

What facet of the NAGA ecosystem do you think will be of most interest to users? To investors? Let us know in the comments below.


Images courtesy of The Naga Group AG

The post FinTech Wunderkind The NAGA Group AG Continues to Disrupt Financial Markets appeared first on Bitcoinist.com.

DreamTeam Creates the First and Largest Recruitment and Management Network for eSports Players

DreamTeam builds a platform to provide a clear and transparent way to create teams and offers the fastest and easiest way to grow from amateur to novice and, if desired, to professional player.

[Note: This is a sponsored article.]


Esports is Changing the Way We Look at Competition

The growing popularity of Esports isn’t something people can deny anymore. Over the past few years, view counts have skyrocketed, with the biggest tournaments touting million-dollar prize pools and reaching $100M in 2017. Many large events are held in stadiums that are fully packed with thousands and thousands of fans traveling from all over the world to cheer on their favorite team. In 2018 the Esports gaming market revenue is projected to be almost $1Bn. Massive amounts of investment are being poured into the industry, building vital infrastructure and creating top-notch marketing campaigns to legitimize the scene further and cement it as a real form of entertainment for people all over the world to enjoy.

Parallels can be drawn between the traditional sports and the new world of competitive video gaming. The regular sports media & sponsorship revenue is over $90Bn, and the Esports has a meager $0.4Bn. But if you look at the audience size the divide is not as large – Sports has a 5Bn audience and Esports – 0.4Bn. This means that the ARPU in regular Sports is around $18 and in the Esports it is only $1. All of this data makes DreamTeam believe that the current Esports industry is a high-potential market with a limited growth due to the unstructured and insecure market conditions.

DreamTeam eSports

Notably, there is a surge in young aspiring players that are watching their heroes compete on stage, and new role models are created in front of our eyes. It’s becoming a common dream for these fans to make it into the professional scene and leave their mark on the game they love. However, building up the experience and skill required to compete in this highly competitive world comes with its challenges. Let’s take the #1 esports, League of Legends, as an example. Over 250 million people play it, and they are willing to create or join a team. But there are only 100 Esports clubs in this game, whereas, in football, there are 300 million players globally in 300,000 clubs.

One of the reasons for such a disparity in the ratio of players to clubs in Esports is the barrier to entry when it comes to building and managing a team. Globally there should be at least 50 million teams active now, but that’s not the reality. There are only 1 million teams. Some basic services have been offered with the intent to provide a place for amateur teams to practice together, play against other teams with similar skills, and grow overall as a unit.

Other sites have built analytical tools that make the strategical aspect of the game much easier to grasp. But all of them are mostly amateur effort, and no single comprehensive platform answers the most pressing questions competitive players have, like: where can I find a team? How do I become a pro? Where can I find other teams to practice with? How do I manage my team? Where can I analyze team data?

DreamTeam is an all-in-one solution that answers all of the above question and more. The platform offers every gamer a fast-track to creating a team and the easiest way from novice, to amateur and, if desired, to professional gamer. And the DreamTeam will create a multi-billion dollar ecosystem around the DreamTeam Token that secures and structures the industry and skyrockets its growth. 

How DreamTeam Builds a One-of-a-kind Platform on Blockchain and Smart Contracts Technology 

DreamTeam is an infrastructure project for the Esports and Gaming ecosystems. It is solving the problem of 250M gamers who want to build, grow, manage and monetize their teams. Teams, gamers, and coaches can get paid salaries and bonuses of all types (team to player, team to coach; player to personal coach and so on) using the platform in a fast and secure way. The platform provides a single solution to all these needs securely and professionally, that is easy for a common gamer to comprehend.

With the unlocking of blockchain and smart-contracts technologies, DreamTeam is set to build a one-of-a-kind platform and payment gateway for players, teams, tournaments, and sponsors, and becomes the only all-in-one platform where you’ll be able to find sponsorships & media right sales, prize money, salaries and player transfers. All of this is currently unavailable in one single place, but the DreamTeam will unite all Esports businesses under one roof.  The beta version (https://dreamteam.gg) was launched in mid-October and has already reached 1 user/minute registration rate.

Moreover, application of smart contracts will ensure proper salary and tournament prize money payouts for all users without the participation of third parties. Teams can set their KPI’s for the team manager and team coach, and they, in turn, set personal KPI’s for each player. Then, after a period of time (e.g., after a month), everyone is auto-checked by smart contracts and depending on the results, all participants of the process receive their salary and bonuses. The same goes for tournament prize payout, a smart contract is signed before the tournament start, and after the tournament and every team will immediately receive a payment according to their placement results. Through smart contracts, the signing process, execution control, and payments are all done exactly as predefined. For this very reason, DreamTeam Tokens and blockchain technology are applied.

Who are the People behind DreamTeam

Who are the People behind DreamTeam 

The Crew behind DreamTeam.GG project has built a platform that in its Beta stage can already streamline the entire process of recruitment and team management for players, and help people achieve their dreams.

CEO & Founder of DreamTeam is Alexander “ZeroGravity” Kokhanovskyy – he’s got 17 years of experience in the Esports industry. His expertise in the esports and gaming market inspired the DreamTeam project and helped it come to life. He built Na`Vi (Natus Vincere) – one of the most popular and successful Esports teams in the world. And in 2016 he became the Co-Owner of ESForce – the 3rd biggest Esports entity funded by the USM Holdings (shareholder of Mail.ru, VK .com, Megafon) with $100M of investments in the last round.

DreamTeam Partners and Advisory Board will consist of Esports industry leaders and crypto/investments professionals that are willing to give a hand and share their insights on the ways DreamTeam can develop. The detailed list of our partners and advisors will be available in the upcoming days as DreamTeam is currently in the process of signing agreements. As of now, DreamTeam can share its strategic partnership with ESL & StarLadder, top organizers of esports events in the world. On a legal side, DreamTeam is working with Cooley and Latham & Watkins legal firm to ensure complete adherence to the corresponding laws.

Combination of years of professional background in esports with a systematic approach to connecting players with similar skill-set and provision of straightforward tools to create teams are unlike anything else offered in the esports. DreamTeam is aiming to provide a completely secure experience for all players.

Possibilities for Investment

Investors and players alike can get in on this project at an early stage, test the platform and new features and invest in its development in the upcoming presale and sale. DreamTeam Token presale starts on November 13th and is aimed at large volume investors with a minimum of $50K per transaction. The first and second sales are open to the general public, and the investment starts just at 0.1 ETH and will take place on November 20-24th 2017 and in January 2018.

You can find more information about the project, token sale, and bonuses for early investors on the DreamTeam website at https://dreamteam.gg.

How do you think DreamTeam’s recruitment platform will contribute to the mainstream legitimizing of professional eSports gamers? Let us know in the comments below.


Images courtesy of AdobeStock, DreamTeam

The post DreamTeam Creates the First and Largest Recruitment and Management Network for eSports Players appeared first on Bitcoinist.com.

Blockchain Technology: Empowering the Global Digital Cryptocurrency & Financial Landscape

A cryptocurrency is a digital gold that is safe from dips and highs due to political influence, wars or other economic factors. Cryptocurrencies offer a fast and convenient way for payments and promise an increase in value over time. Cryptocurrencies like Bitcoin run on advanced platforms powered by blockchain technology that takes care of database of accounts, ledgers and transactions. As cryptocurrencies run on agile blockchain technology, there is growing scope for blockchain development, globally.

What is Blockchain Technology?

The blockchain technology powers cryptocurrencies but use of blockchain is not only limited to this domain, alone. Blockchain is designed as a general ledger for recording transactions and there are multiple rewarding blockchain technology applications in real life. Blockchain technology provides a reliable solution for sharing, validating or endorsing different kinds of data securely and can be used for various purposes involving money, title, deeds, art, music, scientific breakthroughs, intellectual properties and even electoral votes.

Read Full article here:: https://octosglobal.com/blockchain-technology-empowering-the-global-digital-cryptocurrency-financial-landscape

Top 5 Reasons To Incorporate Your Cryptocurrency Business In Estonia

Many companies have already chosen Estonia to hold an initial coin offering (ICO) and run their business afterwards. The number of projects that have preferred Estonia over other countries is steadily growing.

Estonia hosts a number of Bitcoin ATMs, cryptocurrency startups, and a global peer-to-peer buying and selling service for virtual currencies.With one of the highest internet penetration rates in the world, Estonia is well positioned to be a place where cryptocurrency users can certainly feel welcome.

Below are 5 top reasons you may want to incorporate your cryptocurrency business in Estonia.

1. Legal framework

Estonia currently regulates only cryptocurrency exchange. Cryptocurrency trading as business activity corresponds to the provision of services of alternative means of payment. This means that persons trading with virtual currencies in the course of their business activities must apply for authorization (get an operational license).

The Financial Supervision Authority´s (FSA) action so far has been limited to informing that a token may qualify (under certain conditions) as a security as set forth in the Estonian legislation and that businesses should complete an analysis on whether a security is involved. However, the risk of your tokens being considered a security is much lower than in the U.S. or Singapore.

This explains why Estonia remains a safe haven for companies seeking to hold an initial coin offering.

2. High quality regulators

The quality of a regulator is critically important as you will need to have direct interaction with them on a regular basis. It is very easy to communicate and interact with Estonian regulators (Financial Supervision Authority and Financial Intelligence Unit), which is a great advantage. In most cases, they are willing to cooperate and assist.

The friendly attitude of local regulators seems to be extremely important for blockchain companies.

3. E-Residency

Estonia is open to entrepreneurs from around the world and is regarded as one of the world’s most advanced digital nation. Anybody who wishes to start a business in Estonia can get a so-called e-residency to access all electronic services offered by the government.

E-residency provides the possibility to establish a company online, manage it remotely and achieve location independence. E-Residency program saves time you would otherwise have spent on bureaucracy, tax authorities, and incorporation.

4. Favorable tax policy

Estonia has the most competitive tax environment among the OECD. The tax burden isn’t heavy at all, and reinvestment of assets drastically cuts all tax obligations.

Bitcoin and altcoins are not subject to VAT. The Estonian Income Tax Act also does not establish any peculiarities in regard of ICOs compared to carrying out a regular investment round. Thus, the proceeds from an ICO are not taxed with income tax until such proceeds are distributed as dividends.

One may assume that the low tax burden will keep on attracting blockchain-focused companies to Estonia.

5. Low costs of starting a business

It takes only 2,500 euros of charter capital, and up to 5,500 euros to register a limited liability company with a cryptocurrency license in Estonia.

The costs are low compared to other popular jurisdictions like Singapore or Switzerland. Projects seeking to enter the EU or EEA markets that cannot afford to register in Switzerland may find it very appealing.

Conclusion

Although there are obvious benefits to incorporating your cryptocurrency business in Estonia, it is important to consider the legal and compliance obligations. Incorporating your business is a major decision which should be well planned and for which advice should be sought from professionals.

Disclaimer: This article provides general information, which may or may not be correct, complete or current at the time of reading. No recipients of content from this site should act on the basis of content of the article without seeking appropriate legal advice or other professional counseling.

Why VPNs are Important and How Privatix Looks to Revolutionize the Industry

VPNs have become increasingly important in providing encrypted data transfers, and Privatix is looking to fundamentally change the industry with a blockchain-based VPN network allowing people to buy and sell bandwidth.

[Note: This is a sponsored article.]


Protecting Yourself in a Digital World

We live in a world where our entire lives are online. Everything from your shopping cart and pictures to friends, to more sensitive information such as bank account passwords and credit card information is on the internet somewhere and, as a result, cyber security and protecting your personal information should be at the top of everyone’s priority lists when accessing the web. Cyber criminals have the ability to find out a plethora of information about you just by finding your IP address. Your name, address, and even the sites you visit and applications you use can be tracked.

VPNs, or virtual private networks, have seen huge technological advancements in recent years as internet users strive to protect themselves online. For those that don’t know, a VPN is a service that allows users to create a more secure and encrypted connection to any of the sites they use on a daily basis. It was originally developed to allow remote workers to connect securely to their firm’s own private network but has expanded to a wide variety of use cases.

Why Use a VPN?

Everyone who uses a VPN regularly has their own reasons to do so, but there a bunch of applicable reasons to use one, even if you are a user without much sensitive data. When using a VPN, all the data received and sent out is encrypted. It shields it from not only criminals, but also all third parties such as internet service providers. Another popular aspect is the fact that, while using a VPN, you have full anonymity while browsing websites. VPNs also give you the ability to view sites and other services that would normally be blocked on whatever network you’re using. While for people living in countries where the government is hands off about internet traffic, this seems trivial, but for people living in countries where their access is restricted, this can be an important ability to have.

While VPNs solve a multitude of problems, they don’t come without some of their own. First off, if you’re using free VPN software, it often offers slower connections and data caps. Some restrict from what country you can connect to, only offering some countries. Other VPNs solve these issues but those often require a monthly paid subscription.

The Distributed Network Solution

Privatix, an established and well-known VPN provider, is looking to change how people secure themselves online. They are building the world’s first blockchain-based VPN network running on the Ethereum network. It will run as a decentralized, autonomous, and peer-to-peer internet bandwidth exchange, with users being able to sell their unused bandwidth to others while they’re not using it.

With around 90% of the world’s prepaid internet traffic remaining unused most of the time, the opportunity to sell parts of it is an incredible concept. Sellers can use the platform to sell their unused bandwidth while clients can come along and purchase the exact amount of data they need to use. The costs of this system are miniscule compared to traditional systems, with sellers making money and clients saving hundreds every year. The marketplace is not only targeted at consumers but also at enterprise as well. Companies can build their own personal VPNs upon the Privatix network.

The network will also have the ability to act as a content distribution network, or CDN. Currently, costs are sitting around $0.15 per gigabyte. But using the Privatix network, prices could be cut by upwards of six times. Companies such as Netflix or Hulu could save millions yearly with a network such as this, which would in turn save the end user money.

People will be able to have access to a free, reliable, and fast VPN by simply sharing their bandwidth with others and buying bandwidth from others. Or they’ll have the opportunity to make a little bit of spending money by renting out the idle potential traffic.

The network will run on via a native cryptocurrency token called the Privatix token, which will be able to be exchanged for other digital assets. The coin is being distributed via a token sale, with people looking to back the project able to contribute to the project by participating. The token sale is actually live as I type, and more information can be found at https://privatix.io/#tokenSale


Images courtesy of Privatix.

The post Why VPNs are Important and How Privatix Looks to Revolutionize the Industry appeared first on Bitcoinist.com.

What to Know About Cryptocurrency Before Trying It Out

Recently, cryptocurrency and blockchain technology have become increasingly popular, and this has stirred the curiosity of the general public. But as with any field, it is always crucial to conduct a background study to further understand what one may get into.

Here we share a few tips on what you should know about cryptocurrency before adopting them.

1. You can buy the currency

If one is looking to invest in cryptocurrency, they may simply buy the coin. If a person is unsure as to which currency to invest in, the best option is to look into a currency that has a greater adoption rate or facilities which allow you to use the specific currency.

2. They are volatile

Cryptocurrencies are volatile and can increase or decrease in value in an instant. Bitcoin is a perfect example of this — it has gone through several highs and lows. But of course, it has grown steadily over the years, ballooning to over $5,000 USD per coin in less than a decade.

3. Are they legal?

Governments around the world have begun regulating how cryptocurrency may be used, akin to how money laundering and anti-terrorism financing laws exist. Most jurisdictions view cryptocurrencies akin to precious metals, therefore viewing them as commodities which may not be regulated. Some authorities on the other hand view them as properties or assets and impose taxes on individuals owning or mining them as an income or capital gain.

As with fiat currency, cryptocurrencies have their own benefits and risks.

Everus, a Malaysian born company co-founded by Srinivas Oddati and Alexander Johnson, is looking to accelerate mainstream adoption of cryptocurrencies by focusing on the development of cryptocurrency commerce (C-Commerce) and providing several facilities using their resident cryptocurrency, EVRs. To achieve this they conceptualized the Everus World — an integrated, multi-vertical commercial and financial ecosystem that offers its users services such as remittance, payments, online shopping, location-based services, peer-to-peer microfinance and trading.

Contact us:

Everus Technologies Sdn Bhd

Level 23A, The Ascent Paradigm,

No 1, Jalan SS7/26A, Kelana Jaya,

47301 Petaling Jaya,

Selangor D.E., MALAYSIA.

PHONE: +603–7890 0011

EMAIL: info@everus.org

Website — https://everus.org/

Find Everus on FB, Twitter, Instagram, Github: everusworld

What to Know About Cryptocurrency Before Trying It Out

Recently, cryptocurrency and blockchain technology have become increasingly popular, and this has stirred the curiosity of the general public. But as with any field, it is always crucial to conduct a background study to further understand what one may get into.

Here we share a few tips on what you should know about cryptocurrency before adopting them.

1. You can buy the currency

If one is looking to invest in cryptocurrency, they may simply buy the coin. If a person is unsure as to which currency to invest in, the best option is to look into a currency that has a greater adoption rate or facilities which allow you to use the specific currency.

2. They are volatile

Cryptocurrencies are volatile and can increase or decrease in value in an instant. Bitcoin is a perfect example of this — it has gone through several highs and lows. But of course, it has grown steadily over the years, ballooning to over $5,000 USD per coin in less than a decade.

3. Are they legal?

Governments around the world have begun regulating how cryptocurrency may be used, akin to how money laundering and anti-terrorism financing laws exist. Most jurisdictions view cryptocurrencies akin to precious metals, therefore viewing them as commodities which may not be regulated. Some authorities on the other hand view them as properties or assets and impose taxes on individuals owning or mining them as an income or capital gain.

As with fiat currency, cryptocurrencies have their own benefits and risks.

Everus, a Malaysian born company co-founded by Srinivas Oddati and Alexander Johnson, is looking to accelerate mainstream adoption of cryptocurrencies by focusing on the development of cryptocurrency commerce (C-Commerce) and providing several facilities using their resident cryptocurrency, EVRs. To achieve this they conceptualized the Everus World — an integrated, multi-vertical commercial and financial ecosystem that offers its users services such as remittance, payments, online shopping, location-based services, peer-to-peer microfinance and trading.

Contact us:

Everus Technologies Sdn Bhd

Level 23A, The Ascent Paradigm,

No 1, Jalan SS7/26A, Kelana Jaya,

47301 Petaling Jaya,

Selangor D.E., MALAYSIA.

PHONE: +603–7890 0011

EMAIL: info@everus.org

Website — https://everus.org/

Find Everus on FB, Twitter, Instagram, Github: everusworld

Separatism and the Blockchain

As the drama over the DDoS attack on Bitcoin Gold continues to unfold, a completely different drama is unfolding in the heart of the European Union. Its member — Spain — is facing the most severe constitutional crisis since the end of the Franco era. The main issue at hand, is the potential push for independence by one its “historical regions” — Catalonia. Interestingly enough, if the Catalans do manage to break away from Spain blockchain based crypto currency might play a key part.

While the origins of this dispute lie buried beneath hundreds of years of complicated European history, the speed with which the dispute has spiraled out of control has alarmed not just the citizens of Spain but indeed all members of the European Union. The dispute has once again raised the specter of separatism — a sore spot not just for European governments, but many national governments world-wide. But apart from its geopolitical implications, it is the velocity with which developments occurred, that continues to stun observers.

Only about a month ago, the Catalan regional government announced that it will be holding a referendum vote on independence, on October 1st. The announcement was met with stern disapproval from Madrid which declared, that not only would such a referendum be considered unconstitutional and therefore illegal, but that the Spanish national government would do everything in its power to prevent such a vote and any subsequent attempts at secession — by physical force if necessary.

What followed on October 1st, was a fiasco. Spanish national police was ordered to disrupt the theoretically illegal voting process. Catalonia — being an autonomous region of Spain — maintains its own police service. In a dramatic show of discord, Catalan police (which normally is supposed to work hand-in-hand with the Spanish national police) refused to follow orders from Madrid and instead pledged loyalty to the separatist-minded Catalan regional government — headed by Carles Puigdemont. Supporters of independence filled the streets and scuffles broke out, as the Spanish police attempted to seize ballot boxes and disrupt polling stations.

The central government ended up seizing 10m ballot papers; arrested key officials; dismantled the technology to connect voting stations, tally votes and vote online; blocked and removed voters from polling stations; and blocked Catalan government websites that provided information about the vote. The national police even jostled with Catalan police and firefighters as the chaos unfolded. The immediate result of the violence was hundreds of casualties and at least 11 wounded officers. According to the Catalan government, about 2.3 million out of Catalonia’s 5.3 million registered voters — or 43% — cast their ballot (about 770,000 votes were lost after Spanish police confiscated ballots.)

While Madrid was hoping to enforce the unity of the Spanish realm, the events of October 1st might have had the opposite effect. Until that point, a significant number of Catalans were indifferent or opposed to secession. But the perceived, heavy-handed crackdown by Spanish authorities seems to have pushed politically moderate Catalans into the arms of the secessionists. “Who wants to be ruled by a state like this?!” was a phrase heard over and over again on the streets of Barcelona in the aftermath.

Although Mr. Puigdemont signed a declaration of independence within the weeks following the referendum, he has subsequently proposed that its effects be suspended for two months to allow for talks. This too came to an impasse as Spain’s Prime Minister — Mariano Rajoy — refused to hold any talks with Mr. Puigdemont, until the latter drops his insistence on independence.

The Catalan parliament, which is dominated by pro-separatist parties, will meet in Barcelona on Friday, where it will consider a declaration of independence. It’s previous session on Thursday yielded no resolution despite intense speculation that an attempt to to defuse the situation by announcing fresh, regional elections in return for a similar shows of good faith from Madrid. Instead Mr. Puigdemont enunciated that the position of the Catalan government is that no elections can be held until Madrid suspends its threats of imposing direct rule.

In a situation more and more resembling a showdown, the Spanish national parliament is also supposed to convene this Friday to cast a formal vote about the the revocation of Catalan autonomy. Madrid — viewing the behavior of Catalan politicians as nothing short of sedition — announced that it will be invoking article 155 of the Spanish constitution — suspension of regional autonomy. The measure, which is expected to be approved by the Spanish parliament, would see Carles Puigdemont’s government stripped of its powers and its functions assumed by the relevant ministries in Madrid.

But the coup-de-grace would not just be the formal suspension of Catalonia’s autonomous status, it would also imply a loss of control over its finances. The Spanish government has threatened to take direct control of Catalan government bank accounts all financial transactions in the region. Cristóbal Montoro, Spain’s finance minister, confirmed that a mechanism had been approved for the state to take control of Catalonia’s finances including money intended for public services and salaries, to prevent any of it from being spent on the secession.

That’s where it gets difficult for the would-be rebels. Politics are politics, but you can’t very well have a breakaway republic without having control over its finances. This is where blockchain based digital currency might enter the picture. In fact, Catalonia‘s current dilemma could make for a very interesting case study for how (would-be) sovereign states could adopt decentralized cryptocurrencies on a large scale. Countries like Venezuela have proven, albeit on a smaller scale, that Bitcoin and other cryptocurrencies can be a viable solution for politically unstable regions. China, despite its recent restrictions on ICO’s, is still another example of country with a thriving cryptocurrency market. Given that the case of Catalonia is different in many ways than the former, some similarities can be observed.

Besides an array of left wing and anti-establishment parties, Wikileaks and its colourful founder Julian Assange, have pledged their support to the cause of Catalan independence. Even before the referendum, back in September Mr. Assange tweeted his support for Catalan independence, as well as a comment on the importance of cryptocurrency in this situation.

@JulianAssange 7:40 PM — Sep 15, 2017”

Why all freedom loving people and states need Bitcoin part 29192: https://twitter.com/wikileaks/status/908731595938570240 …

As Bitcoin or any of its fellow cryptocurrencies it is not controlled by either Madrid or for that matter any other government, its use could be one way in which Barcelona could wrest control of its finances from Madrid. If the vote to block Catalonia’s finances passes in the Spanish parliament — it would implement this weekend. If the Catalan government would theoretically convert its funds into cryptocurrency beforehand — it would at that point be out of Madrid’s grasp. Catalonia currently has around 7.5 mln inhabitants. In the as of yet unlikely event that Bitcoin or another cryptocurrency would be implemented as an immediate method of payment, the Bitcoin Blockchain would see a significant surge in demand and therefore undergo another price explosion. Indeed some have even suggested that the Catalan government holds its own initial coin offering. Various governments print and sell bonds to raise capital, especially in times of crisis. Digital tokens could potentially be considered as a new sort of electronic bond. If this does occur, then the case of Catalonia would not only be unprecedented in modern European history but also in the history of finance.

Smart Contracts Explained!

A Contract is a legal agreement made between two or more parties or people. If any of the party involved think the other party is violating any terms of the contract, they can reach a court of law for a viable resolution.

In the modern world, contracts are used in almost all the fields that exist. For example, employment contract, delivery contract, lease contracts, Loan contracts, etc.

Each jurisdiction has specific norms for writing and signing a traditional contract. If done wrong then they would be invalid for legal action in case of any party broke the agreement. So, they require a lot of human intervention to ensure everything is according to the norms.

Smart Contracts

In simple terms, the computerized versions of Contracts are called Smart Contracts.

The concept of smart contracts can be dated back to 1996, and the idea is proposed by Nick Szabo, a computer scientist.

Typically a smart contract would have the features like:

  • Immutable — once created cannot be tampered by anyone
  • Indestructible — Conventional contracts are majorly based on paper. As the years go by, they might be damaged, or anyone can try to destroy them. Even though electronic means are coming up — being centralized — could make them susceptible to hacks. The smart contacts are, indeed, not easy to destroy — and this quality majorly depends on the platform it is being implemented.
  • The code is Law — Conflicts if any are dealt by the smart contract itself. Nobody’s intervention is required.

The unique features of the smart contracts make them a valuable proposition in the contemporary world. Even though the concept of smart contracts is available more than two decades ago, there was a lack of a robust platform that can implement them.

The onset of the blockchain technology showed new roads for implementing smart contracts. Ethereum blockchain is one such whose core functionality is providing itself as an indispensable platform for Smart Contracts. There are many blockchain platforms available: NEO is often mimicked as Chinese Ethereum. NEM, Bytom, Lisk, are some notable platforms. Anybody can build and deploy a smart contract on Ethereum. There is no restriction unless gas, a term coined for transaction fees, is paid.

Ethereum Smart Contracts

Anybody can build and deploy a smart contract on Ethereum. There is no restriction unless gas, a term coined for transaction fees, is paid.

Solidity, a JavaScript look-alike programming language, is used for developing smart contracts.

EtherEcash is built on top of the Ethereum blockchain utilizing the smart contract technology of the platform. The key aspect of EtherEcash network is to make borrowing money as easy as using instant messaging. Whenever a loan is granted, a smart contract is created on the terms mutually agreed by the borrower and the lender.

Conclusion

Smart Contracts depend entirely on the source code. A poorly written code would bring disasters. On the other hand, a well written and vetted smart contract can cut cost and saves time to a greater extent. Also, it does not mean that traditional lawyers are out of the game. The developers and Lawyers have to work together for making Smart Contracts a completely reliable technology.

Built-in Arbitration System is the Hallmark of Confideal

Technological innovation has helped fuel the current massive amount of global trade. With a click of a mouse button and an online video conference, trade deals can be hammered out with each participant never even having to leave their own office, much less their own country.

[Note: This is a sponsored article.]


However, those who regularly traffic in international trade are not yet taking advantage of all that blockchain technology has to offer in the form of smart contracts. Confideal is a blockchain-based, integrated platform for making secure international contracts that aims to help businesses and individuals engage in commerce while saving both money and aggravation. While such a construct is a boon to every businessperson, the hallmark of Confideal is its built-in arbitration system.

Large Volume of Trade Leads to Lots of Disputes

Large Volume of Trade Leads to Lots of Disputes

The amount of international trade is staggering and is estimated to be somewhere between $15 and $20 trillion USD per year. Real estate investment across national borders is on a far less scale, but that market is still expected to reach roughly $1.4 billion USD by the end of 2017. These numbers showcase that international deals are made every minute of every day.

With such a high volume of trade, it’s a certainty that some disputes will arise from a dissatisfied party. This then leads to arbitration, which is often expensive and time-consuming. It normally takes at least 6 months for an arbitration process to be completed, and the average cost is an eye-opening $2.5 million USD. Such circumstances mean that additional time and money is lost for both parties while the arbitration process drags along.

To counter this situation, Confideal has created a revolutionary approach to international trade by hardwiring in a comprehensive arbitration system into the very DNA of the smart contract that secures the original trade agreement entered into by all parties.

The arbitration system in Confideal begins with the creation of the smart contract that uses the Ethereum blockchain. The user creates the smart contract by laying out monetary sums, dates, and terms. Other contract data is stored in a unique hash function that is created.

An important part of this smart contract is the designation of an arbiter in case something goes wrong with the trade agreement. Both parties then have to agree to this contract, which is signified by them signing it with their unique keys. The money that is being paid by one party to the other is then held in escrow by the contract, in either ETH or Confideal tokens (CDL), and is then automatically paid out when the smart contract conditions are fulfilled.

The Nuts and Bolts of Arbitration in Confideal

The Nuts and Bolts of Arbitration in Confideal

At the heart of the arbitration system on Confideal are the arbiters themselves. The arbiters on the decentralized blockchain-based platform are qualified, third-party legal professionals or firms who have submitted the necessary documentation in order to have their status on the platform confirmed. Information on arbiters is viewable by users of the platform, such as the arbiter’s location, experience, specialization, language proficiencies, and so on.

All arbiters are ranked by their rating on Confideal, and this rating is comprised of objective and subjective factors. The objective factors for an arbiter include the number of disputes they have resolved, the speed of their responses, and the completeness of the information they have disclosed about themselves. Subjective factors for an arbiter’s rating include items such as votes given to them by CDL token holders.

Overall, 70% of an arbiter’s rating is based on objective factors while the remaining 30% is derived from subjective factors. In addition to their rating, those who have their transaction mediated by an arbiter can vote to like or dislike them. The number of likes and dislikes is clearly shown to users, who can then use this information, which does not factor into the actual rating, as another subjective measure of the arbiter’s work on the platform.

If a dispute arises, the arbitration system built into Confideal comes into play. At this point, the dispute can follow one of two routes: arbitration or mediation. In both cases, the arbiter will go over all the pertinent details of the smart contract and examine all of the relevant documents in order to come to a conclusion. It must be stressed that all parties to the smart contract agreed to the choice of arbiter when the contract was created.

Arbitration is the more protracted process as it does have a legal basis and the decision made by the arbiter can be used in national courts of law for further enforcement by bailiffs. All arbitration on Confideal conforms to UNCITRAL international arbitration regulations as well as national laws. When the arbiter makes their decision, the process then moves to the court system for final resolution.

The quicker route for resolution on Confideal is mediation. In mediation, both sides of the transaction agree to the arbiter making their decision and then enforcing it, which is done by releasing the funds held in escrow within the smart contract in a manner that the arbiter deems fit. This approach is easier and quicker as it does not adhere to the strict regulation of national or international laws as it instead just requires the agreement of the interested parties.

In this way, the entire arbitration process, from beginning to end, is housed entirely within the Confideal platform, allowing for faster, and far less expensive, resolution. For their impartial efforts, arbiters are given up to 10% of the value of the smart contract under their purview.

Speeding Up the Arbitration Process with Confideal

Speeding Up the Arbitration Process with Confideal

Current arbitration in international trade is costly and time-consuming, but Confideal has created an innovative approach that makes the entire process easier and more streamlined. Every smart contract that users enter into has an impartial, third-party arbiter that every signatory has agreed to in case things go sour. These arbiters are legal professionals and firms who have proven their credentials and been accepted by Confideal. The entire arbitration process is quick, smooth, and far less costly as it is done in-house on the platform with an arbiter who has already been chosen and has all the necessary information at their beck and call.

An integral feature of the arbitration system on Confideal is that users have full access to the information that they need, such as an arbiter’s rating and likes/dislikes, to make an informed decision when choosing one. With Confideal, there’s no need to waste time and money searching for an avenue for a dispute’s resolution as the entire transparent process is already set up and ready to go from the signing of the smart contract.

For more information about Confideal, please visit their website or chat with the team on Telegram.

How important is a built-in arbitration process to the mainstream adoption of smart contract usage in the business world? Let us know in the comments below.


Images courtesy of Confideal, Shutterstock

The post Built-in Arbitration System is the Hallmark of Confideal appeared first on Bitcoinist.com.

Why Healthcare Identity Across Blockchains

Challenges

Over the last few years, private and public organizations have shown how the blockchain can transform banking, energy, supply chain, healthcare and other industries, leading to billions of dollars in cost savings and benefits. In healthcare, the blockchain’s real-time transparency and identity management capabilities can dramatically reduce the time needed to update people and the costs of maintaining redundant data. Blockchains can also help address the following healthcare challenges:

  • Billions spent on maintaining redundant data across healthcare providers, insurers, researchers, government
  • 20% of healthcare expenditures wasted on interoperability issues
  • Complexity of managing data updates from multiple parties providing patient data
  • Verifying and tracking patient identities while enabling patients to protect their identities and provide consent for release of their data
  • Increased security risk due to centralized databases of patient data
  • Data breaches that lead to hospital shutdowns and costly responses
  • High healthcare payment ($318B in 2018) and fraud

As organizations deploy blockchain technology, a couple of conclusions have emerged:

  1. There are and will be multiple blockchains. In Healthcare, providers, payers or groups of providers and payers will likely have their own blockchains.
  2. Blockchains enables unique identity management capabilities unavailable before today.

As there is no universal patient identifier, these blockchains will likely each have a way of identifying a patient. As a result, a patient who goes to multiple providers may have to authenticate with each blockchain unless there is an alternative solution.

Potential Solution: Patient Identification Across Blockchains

Instead of forcing a patient to authenticate with every blockchain, an identity proof could validate a patient is who she says she is, across blockchains. What is an example of this? Let’s say I am a member of an HMO in California that uses Ethereum for tracking patient data and Dash for payments. When I travel to Washington D.C. for work, here are potential scenarios:

  1. I run out of prescription medication and need a refill from a local pharmacy. In this case, the local pharmacy can check the HMO’s Ethereum blockchain and validate that I am covered for the prescription medication. The local pharmacy can then get paid for the medication it provides me through the Dash payment network.
  2. I take a fall and end up in the emergency room. In this case, when I authorize for this emergency situation (or when my husband authorizes if I’m unconscious), the hospital can check my medical history to see what pre-existing conditions I have and provide customized care. Again the hospital could be paid out more quickly (and with lower transaction fees) using the Dash network.

Potential Benefits

As initiatives to share patient data in the past have failed due to lack of clear financial incentives for each participant in the healthcare ecosystem, using blockchain technology could result in the following benefits for each major group in the healthcare ecosystem:

Benefits to Providers

  • Much lower security risk and costs when breaches occur
  • Faster payment to providers for healthcare services provided
  • Reduced healthcare industry data costs (verification, cleansing, storage for redundant data)
  • Reduced fraud (5–10% of healthcare costs)

Benefits to Payers

  • Increased transparency and auditability of healthcare services provided across healthcare providers
  • Reduced healthcare payments costs
  • Reduced overhead needed to handle billing

Benefits to Patients

  • Control over healthcare history
  • Consolidated healthcare history that can be shared in part or in whole, depending on the situation
  • Faster claims payment and less time needed to validate patient for healthcare coverage

“Fast & Furious” Blockchain detailed explanation 3/5

Today I am going to explain other interesting topics related with Blockchain (remember I am using as example the bitcoin Blockchain). Last day we talk about stats, energy and chips. Let’s talk about a little more about miners…

1 . We talk about ASIC chips, we said they are super fast doing hashing operations, but speed usually produces heat. You can believe me if I say you can cook an egg on top of one of this chips

2 . The energy consumed can be counted in Watt/Gigahash (billion hashes). Cool these chips requires energy (as we mention), a lot of energy…

3 . So, why someone would want to spend money in energy to a verify a block in a Blockchain network like bitcoin one?

4 . EASY, earn money, what what kind of money? cryptocurrencies. In bitcoin network each block validated by a miner receives 12,5 BTC, and this could become in a lot of money (fiat money) right now while I am writing this post 1BTC = 6050 USA $.

5 . But, to win this “prize” miners need to accomplish several rules, in the bitcoin network (as an example) between 30/40 rules for transactions and between 35/45 rules for blocks.

6 . What happens if the miner doesn’t accomplish these rules, noone else in the network will validate the transactions/blocks and then there is not prize, there is no MONEY.

7 . There is also another pain, if you don’t accomplish the rules, you are also spending money (in energy) for anything, and losing MONEY.

8 . Another interestin data for our sample (the bitcoin network) is how the miner receive the Bitcoins after a block is validated?. Inside the block the miner introduce a first transaction including the prize 12,5BTC. This transaction is special, it hasn’t an input, only an output (the miner address).

9 . This prize is divided by 2 every 200.000 blocks mined in the case of Bitcoin.

10 . The rules I explain before are inside the Blockchain code, and is the community who decide to accept or not a change by 50% plus one of the members.

11 . A block has different sizes depending of the Blockchain, in the bitcoin network case is more or less than 1 MB and it can store thousands of transactions depending of the size of each one.

12 . Scalability is a big issue in Blockchain networks, for example in bitcoin network right now the speed is approximately 7 transaction/second, there is a prevision to increase this pace increasing the block size every 4 years in intervals x8 (1MB, 8MB, 16MB and so on) with the goal (although we should say “with the challenge”) to arrive to VISA 100K transactions / second.

In the next post I will explain in detail (using bitcoin network) concepts like POW, Race Condition and Forks. See you in the next post…


“Fast & Furious” Blockchain detailed explanation 3/5 was originally published in “Fast & Furious” Blockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.

“Fast & Furious” Blockchain detailed explanation 3/5

Today I am going to explain other interesting topics related with Blockchain (remember I am using as example the bitcoin Blockchain). Last day we talk about stats, energy and chips. Let’s talk about a little more about miners…

1 . We talk about ASIC chips, we said they are super fast doing hashing operations, but speed usually produces heat. You can believe me if I say you can cook an egg on top of one of this chips

2 . The energy consumed can be counted in Watt/Gigahash (billion hashes). Cool these chips requires energy (as we mention), a lot of energy…

3 . So, why someone would want to spend money in energy to a verify a block in a Blockchain network like bitcoin one?

4 . EASY, earn money, what what kind of money? cryptocurrencies. In bitcoin network each block validated by a miner receives 12,5 BTC, and this could become in a lot of money (fiat money) right now while I am writing this post 1BTC = 6050 USA $.

5 . But, to win this “prize” miners need to accomplish several rules, in the bitcoin network (as an example) between 30/40 rules for transactions and between 35/45 rules for blocks.

6 . What happens if the miner doesn’t accomplish these rules, noone else in the network will validate the transactions/blocks and then there is not prize, there is no MONEY.

7 . There is also another pain, if you don’t accomplish the rules, you are also spending money (in energy) for anything, and losing MONEY.

8 . Another interestin data for our sample (the bitcoin network) is how the miner receive the Bitcoins after a block is validated?. Inside the block the miner introduce a first transaction including the prize 12,5BTC. This transaction is special, it hasn’t an input, only an output (the miner address).

9 . This prize is divided by 2 every 200.000 blocks mined in the case of Bitcoin.

10 . The rules I explain before are inside the Blockchain code, and is the community who decide to accept or not a change by 50% plus one of the members.

11 . A block has different sizes depending of the Blockchain, in the bitcoin network case is more or less than 1 MB and it can store thousands of transactions depending of the size of each one.

12 . Scalability is a big issue in Blockchain networks, for example in bitcoin network right now the speed is approximately 7 transaction/second, there is a prevision to increase this pace increasing the block size every 4 years in intervals x8 (1MB, 8MB, 16MB and so on) with the goal (although we should say “with the challenge”) to arrive to VISA 100K transactions / second.

In the next post I will explain in detail (using bitcoin network) concepts like POW, Race Condition and Forks. See you in the next post…


“Fast & Furious” Blockchain detailed explanation 3/5 was originally published in “Fast & Furious” Blockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.

Hello.

Hello.

My name is Thomas Jesus from Nigeria.

Am trying to start my e-commerce business, but think that, since the world is gradually accepting the block chain technology and crypto currency as a form of payment, it will be nice to have such system put in place for me upcoming business in other to be ready before we get there so, I want to ask if you can design a block chain system or account that can receive the 20 or more major crypto currency for me.

I also have a related business that i will need to you for me after this.

Thank for getting back to me soonest.

God bless you.

Please let me know if you can do it and if you are going to do it for me.

my phone number is +2349093201515, +2348035613017

e,mail is sonofdsonofgod@yahoo.com

Update on recent events within eBTC

eBTC: Behind the scenes
Well. A lot has happened to get to this point. And it is going to be a lot to take in so bare with me.

Let’s catch up.

Satoshi21 created eBTC, he formed a team, then abandoned the project and left everything behind. It might be hard to believe but he has his reasons and we don’t fault him for that. Although he could have warned us.

The Road Ahead

The eBTC team has got everything they need to proceed with the project. We have the private keys/the developers/the marketing team/the core team. We are aiming for the moon while keeping our heads down and working hard to develop eBTC.

The Plan Is Simple

In the coming days we have a lot to do. A lot of fires to put out and a lot of progress needs to be made to ensure the community trusts eBTC.

Here’s what we are working on.

Rebuilding

We will be actively building up our follower base on all social media platforms and creating content to keep our community informed

Code Audit

To make sure we don’t have the same mistakes again, we will be having the code audited (looked over) by many different people to ensure it is flawless

Token Swap

Once the code has been finalized and implemented we will be honoring everyone who has supported eBTC so far with a 1:1 token swap.

(This means you trade the eBTC tokens from the flawed contract to the eBTC tokens to the new flawless contract)

Exchanges

We have numerous emails to send out to ensure that multiple exchanges list eBTC. Really nothing more than just reaching out and seeing how to get listed.

Well that’s it so far. When we have more updates, i’ll be sure to let you know. Until then feel free to reach out to us. I’ll make it a point to answer every email/every question/everything. We want you to believe in this as much as we do.

Besides, to backup please join our actual group where we let the community vote for any main decisions on the developement:

Community Trust Token

And dont forget:

Go vote on mercatox! This is important for the whole community!

You must vote: NO

MERCATOX Ethereum Exchange - ETH / BTC Trade

The eBTC Foundation Team

Update on recent events within eBTC

eBTC: Behind the scenes
Well. A lot has happened to get to this point. And it is going to be a lot to take in so bare with me.

Let’s catch up.

Satoshi21 created eBTC, he formed a team, then abandoned the project and left everything behind. It might be hard to believe but he has his reasons and we don’t fault him for that. Although he could have warned us.

The Road Ahead

The eBTC team has got everything they need to proceed with the project. We have the private keys/the developers/the marketing team/the core team. We are aiming for the moon while keeping our heads down and working hard to develop eBTC.

The Plan Is Simple

In the coming days we have a lot to do. A lot of fires to put out and a lot of progress needs to be made to ensure the community trusts eBTC.

Here’s what we are working on.

Rebuilding

We will be actively building up our follower base on all social media platforms and creating content to keep our community informed

Code Audit

To make sure we don’t have the same mistakes again, we will be having the code audited (looked over) by many different people to ensure it is flawless

Token Swap

Once the code has been finalized and implemented we will be honoring everyone who has supported eBTC so far with a 1:1 token swap.

(This means you trade the eBTC tokens from the flawed contract to the eBTC tokens to the new flawless contract)

Exchanges

We have numerous emails to send out to ensure that multiple exchanges list eBTC. Really nothing more than just reaching out and seeing how to get listed.

Well that’s it so far. When we have more updates, i’ll be sure to let you know. Until then feel free to reach out to us. I’ll make it a point to answer every email/every question/everything. We want you to believe in this as much as we do.

Besides, to backup please join our actual group where we let the community vote for any main decisions on the developement:

Community Trust Token

And dont forget:

Go vote on mercatox! This is important for the whole community!

You must vote: NO

MERCATOX Ethereum Exchange - ETH / BTC Trade

The eBTC Foundation Team

Po.et Development Update — October 12th, 2017

An open, shared, universal ledger designed to track metadata ownership for digital creative assets

Hey everyone! As many of you probably already know, a large part of the Po.et development team (including myself) is located in Argentina. Buenos Aires has a bounty of talented blockchain developers and it’s awesome to have a strong community to work with and bounce ideas off of. We’re currently working out of the Po.et headquarters in Nashville, TN.

I came over to Nashville to connect with the rest of the team, and I have to say that we’re more proud of the platform’s evolution than ever. We’re actively discussing our product strategy for the next 6–12 months, exciting times ahead!

Closed Issues
These are the tasks we’ve finished since our last update.

#321—This pull request introduces a few fixes and overall improvements to the platform:

  • The ability to log all queries. This can be set in the configuration files for each service separately, via the db.driver.logging attribute.
  • Trusted Publisher’s docker image is now configured to map the port 3001, which we’re using to communicate to a custom Insight server.
  • Errors in Bitcoin Scanner that occur when reading a Bitcoin block are now logged properly
  • A bug with Bitcoin Scanner’s minimumHeight was fixed. This code was also made much more readable, and optimized to reduce the start-up time of this service.
  • A default value for minimumHeight was set in code, which makes it optional in the configuration file.

84a03aa—Introduces a Typescript linting configuration. This sets explicit rules to what Po.et’s code should look like, and also allows us to automatically fix past errors.

#326, #327, #328—This pull request introduces the ability to provide different json configuration files to our frontend, and enable it to work with Netlify.

#317—This pull request introduces the ability to debug the Po.et Node’s code, line-by-line. It also starts moving the platform away from ts-node, which although a great tool, has proven to be unreliable in some cases and introduces an extra layer of complexity.

Open Issues
These are the tasks we’re currently working on.

We’re currently moving our frontend to Netlify, which has proven to be an excellent service. This will greatly simplify our workflow and automatically improve our deployment pipeline for the frontend. You can see this working at http://poetapp.netlify.com/ — this URL will always show the latests changes. We were also able to cheaply create testing and staging environments for the frontend.

For Po.et to function in Netlify, we first need to stop requiring the frontend’s devServer for things to function properly (see web#9). Part of the solution to this problem is moving the Badge’s logic (see poet#261), which we’re tackling right now.

Moving the badges away from the frontend and to the backend will require changing the badge’s URL. We’ll do this transition slowly, giving our Alpha Partners time to update their badges.

On the integrations end, some progress has been made with Wordpress and Drupal’s plugins. While working on them we realized the Po.et protocol can be challenging to new developers, so we’re discussing ideas to offer simplified versions of the protocol through new APIs / interfaces.

That’s all for now guys. Take care and stay tuned!

Hiring

We’re actively looking for talented developers. If you like the project and feel you can contribute, reach out to us at contact [at] po.et.

Join us on Discord!: https://discord.gg/7G2kXmY

Join us on Telegram!: https://t.me/joinchat/GKMQ1kOQSdXVZpN1Rygcdw

Follow us on Twitter!: https://twitter.com/_poetproject

We’re hiring!: https://angel.co/po-et

Visit our Website!: https://po.et/

Check out our GitHub!: https://github.com/poetapp


Po.et Development Update — October 12th, 2017 was originally published in Poet Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

The Million Dollar Homepage Reborn as an Ethereum Smart Contract and DApp

Remember the Million Dollar Homepage? It was an interesting, if not novel concept. But it has since inspired many copycats and imitators. And now we see that its legacy lives on in, of all places, the blockchain. Two software developers from Toronto named Andrey and Max have come up with a new version of the … Continue reading The Million Dollar Homepage Reborn as an Ethereum Smart Contract and DApp

The post The Million Dollar Homepage Reborn as an Ethereum Smart Contract and DApp appeared first on NEWSBTC.

Create a free Consumer or Business Account and Get Free BC Tokens

Create a free Consumer or Business Account and Get Free BC Tokens

Create a user account on Blockchain Company (BC) today. You will qualify for 500 free tokens as long as you are a unique user profile on record by October 31, 2017. Our utility BC Token when distributed to our registered users, will trade and seek value on cryptocurrency markets just like Bitcoin, Ethereum and 100’s of cryptocurrencies existing in the marketplace.

Blockchain Company is a media utility platform, helping everyone discover Blockchain resources in a visual and social environment, in the same way Google Search Engine helped us discover the web.

Instead of launching a paid ICO
( Initial Coin Offering) for our first platform, Blockchain Company aims to build utility token value, through free distribution with early adopter users of our platform. BC Tokens when distributed are initially going to be locked. Users can unlock value of their tokens through tasks and activities performed over the platform, subject to the ERC20 Smart Contract we develop on Ethereum. As the platform scales in users and activity, its utility value should naturally appreciate in cryptocurrency markets.

Not only does this strategic methodology offer broader reach of our tokenized utility, we think it is important users are inclusively engaged in helping build a DNE (decentralized network effect) that improves our platform for consumer and business discovery of blockchain information and resources. We are all learning the merits and complexities of this new technology together.

When you join as a user, you can curate a profile page with professional curated content that you discover over our network, just like Pinterest. You can share content, invite friends, secure a unique page URL for yourself, organisation or company, and ask friends to follow your blockchain page just like this one: http://www.blockchaincompany.info/Francisco

The blockchain is a revolutionary technology similarly to the introduction of the Internet during the early 90’s. The difference is, the blockchain also referred to the Internet of value, is a decentralised network of ledgers that records and validates immutable data, information and transactions. The blockchain is potentially new technology that helps to democratise almost everything!

This means the future of transactions, governance, politics, ecommerce, supply chains, finance, healthcare and just about every industry can be connected to blockchain environments, helping our civilisation evolve towards a more egalitarian universal economy. The World Economic Forum has forecasted the blockchain global economy to be worth $7.8 trillion by 2027. That’s about 10% of global GDP.

This is the true impact and democratic nature of the blockchain we are very excited about and want to help ensure everyone is engaged one way or the other and benefits from this new emerging economy.

Google helps us discover the web everyday by organising information and Facebook helps us to connect with friends we care about. Blockchain Company (BC) wants to help the 7 billion people who live on our planet discover full merits and resources that the blockchain will provide them.

To achieve this exciting challenge, as a first step, we have provisioned a user friendly utility platform, that functions as a visual search engine. Not only can you seamlessly discover resources and information you need to learn about, but BC also wants you to engage with content discovered, by making critical comments.

We believe users should engage and connect with the brand of curated content they discover, to help shape their transparent and permissible blockchain initiatives. Users should invite others and share blockchain resources they care about with friends, co-workers, fellow students, academics, business customers or any organisation they may be affiliated with.

The true and fundamental nature of the blockchain, means everyone regardless of background, can participate towards its development for a better future world. The way this is likely to happen, is through what is considered to be the Tokenization of almost everything!

At first tokenization of almost everything is going to sound crazy to most people, but once you understand how the blockchain actually helps to solve many problems in our fragile world…. YOU START TO GET IT!

Imagine if most of the near future apps in your mobile phone were blockchain tokens of any kind with value? Some go up, some go down or some even go bust! However you participate in one way or another for patronage, investment, human capital or user contribution.

Could poverty one day be almost eliminated? Could the value of tokens provide a new source of income, while artificial intelligence and robotics are most certainly going to eliminate up to 46% percent of jobs, by 2027 according to Oxford University?

The future of work and play could look entirely different within only 10 years, never mind 20. Think how the iPhone has helped change our global economy since its invention in 2007 when Uber, Airbnb and several other apps did not exist.

We welcome you to join us today and be a part of Blockchain Company as a consumer user or business user. Click the following link below to Create your Account now and be one of our early adopter users on record to receive free BC Tokens at the time of our official token launch in Q4 of 2017: http://www.blockchaincompany.info


Create a free Consumer or Business Account and Get Free BC Tokens was originally published in Blockchain Company on Medium, where people are continuing the conversation by highlighting and responding to this story.

Create a free Consumer or Business Account and Get Free BC Tokens

Create a free Consumer or Business Account and Get Free BC Tokens

Create a user account on Blockchain Company (BC) today. You will qualify for 500 free tokens as long as you are a unique user profile on record by October 31, 2017. Our utility BC Token when distributed to our registered users, will trade and seek value on cryptocurrency markets just like Bitcoin, Ethereum and 100’s of cryptocurrencies existing in the marketplace.

Blockchain Company is a media utility platform, helping everyone discover Blockchain resources in a visual and social environment, in the same way Google Search Engine helped us discover the web.

Instead of launching a paid ICO
( Initial Coin Offering) for our first platform, Blockchain Company aims to build utility token value, through free distribution with early adopter users of our platform. BC Tokens when distributed are initially going to be locked. Users can unlock value of their tokens through tasks and activities performed over the platform, subject to the ERC20 Smart Contract we develop on Ethereum. As the platform scales in users and activity, its utility value should naturally appreciate in cryptocurrency markets.

Not only does this strategic methodology offer broader reach of our tokenized utility, we think it is important users are inclusively engaged in helping build a DNE (decentralized network effect) that improves our platform for consumer and business discovery of blockchain information and resources. We are all learning the merits and complexities of this new technology together.

When you join as a user, you can curate a profile page with professional curated content that you discover over our network, just like Pinterest. You can share content, invite friends, secure a unique page URL for yourself, organisation or company, and ask friends to follow your blockchain page just like this one: http://www.blockchaincompany.info/Francisco

The blockchain is a revolutionary technology similarly to the introduction of the Internet during the early 90’s. The difference is, the blockchain also referred to the Internet of value, is a decentralised network of ledgers that records and validates immutable data, information and transactions. The blockchain is potentially new technology that helps to democratise almost everything!

This means the future of transactions, governance, politics, ecommerce, supply chains, finance, healthcare and just about every industry can be connected to blockchain environments, helping our civilisation evolve towards a more egalitarian universal economy. The World Economic Forum has forecasted the blockchain global economy to be worth $7.8 trillion by 2027. That’s about 10% of global GDP.

This is the true impact and democratic nature of the blockchain we are very excited about and want to help ensure everyone is engaged one way or the other and benefits from this new emerging economy.

Google helps us discover the web everyday by organising information and Facebook helps us to connect with friends we care about. Blockchain Company (BC) wants to help the 7 billion people who live on our planet discover full merits and resources that the blockchain will provide them.

To achieve this exciting challenge, as a first step, we have provisioned a user friendly utility platform, that functions as a visual search engine. Not only can you seamlessly discover resources and information you need to learn about, but BC also wants you to engage with content discovered, by making critical comments.

We believe users should engage and connect with the brand of curated content they discover, to help shape their transparent and permissible blockchain initiatives. Users should invite others and share blockchain resources they care about with friends, co-workers, fellow students, academics, business customers or any organisation they may be affiliated with.

The true and fundamental nature of the blockchain, means everyone regardless of background, can participate towards its development for a better future world. The way this is likely to happen, is through what is considered to be the Tokenization of almost everything!

At first tokenization of almost everything is going to sound crazy to most people, but once you understand how the blockchain actually helps to solve many problems in our fragile world…. YOU START TO GET IT!

Imagine if most of the near future apps in your mobile phone were blockchain tokens of any kind with value? Some go up, some go down or some even go bust! However you participate in one way or another for patronage, investment, human capital or user contribution.

Could poverty one day be almost eliminated? Could the value of tokens provide a new source of income, while artificial intelligence and robotics are most certainly going to eliminate up to 46% percent of jobs, by 2027 according to Oxford University?

The future of work and play could look entirely different within only 10 years, never mind 20. Think how the iPhone has helped change our global economy since its invention in 2007 when Uber, Airbnb and several other apps did not exist.

We welcome you to join us today and be a part of Blockchain Company as a consumer user or business user. Click the following link below to Create your Account now and be one of our early adopter users on record to receive free BC Tokens at the time of our official token launch in Q4 of 2017: http://www.blockchaincompany.info


Create a free Consumer or Business Account and Get Free BC Tokens was originally published in Blockchain Company on Medium, where people are continuing the conversation by highlighting and responding to this story.

Roger Ver Attempts to Create a “FreeSociety”

Roger Ver, or “Bitcoin Jesus” as he’s often referred to, has announced plans to create an independent state governed entirely by libertarian values. Along with Olivier Janssens, he’s working with a team of lawyers to figure out how to take the project forward legally. The country will be known as FreeSociety, and aims to promote … Continue reading Roger Ver Attempts to Create a “FreeSociety”

The post Roger Ver Attempts to Create a “FreeSociety” appeared first on NEWSBTC.

Pre-Release announcement v.0.1.0

Hello friends,

A couple of words about our status. We have been making steady progress with the development of our PBX. UI/UX went through a complete overhaul. We still have a lot of work ahead.

We are excited to present you our pre-release version and welcome everyone to join the Open Beta — pbx.encryptotel.com!

The current pre-release version provides all basic functionalities for testing purposes. Also, there will be a continuous integration of new modules that are unavailable now. We will keep you informed through our social media.

Available functionalities:

- Reworked user registration and authorization
- Free internal number
- Purchase of external number and billing
- Selection of tariff plans and Marketplace
- Module system
- Extensions management
- Accepted cryptocurrencies include wETT & eETT

Feel free to send us your comments and suggestions concerning functionality here: support@encryptotel.com with title “UX report

Una Solución Más Agresiva para una Época Más Agresiva

Escritor: Efrain Eduardo Silva

Dominio Público: Shutterstock Royalty, con uso permitido.

Nueva Era — Nuevas Medidas!
Seamos realistas: Escribir código a través de la creación e implementación de contratos inteligentes es algo nuevo. El proceso general de mantener dicha información de alto riesgo desde dentro, aunque a menudo rigurosamente exhaustivo cuando se hace a través de los mejores proveedores, todavía está abierto a muchas vulnerabilidades. Neo-hacking, por ejemplo, no es menos en la parte superior de esta lista.

De hecho, muchos ya han hecho una carrera a tiempo completo de aprender a hackear en los contratos inteligentes y redes Ethereum con el fin de acceder a la información de la cuenta monetaria de los individuos e incluso grandes corporaciones. Es por eso que la gente necesita mantenerse informada y actualizada, no sólo con el código y las actuales implementaciones contractuales, sino también mediante la implementación de lo mejor en las medidas de intercambio de la criptocurrencia, preferiblemente mediante el uso de blockchain, bitcoin o algo similar. Intentelo.

Cuando se trata de información cibernética y la seguridad, nunca puede ser demasiado seguro. Es, después de todo, la era de la información, y cualquier cosa puede ir — en dos minutos, el intruso derecho puede colarse y alterar sus contratos inteligentes con cualquier conexión blockchain pertinente — e incluso acceder a sus fondos. No es un chiste.

Expertos Muy Diversos con Soluciones Que Producen!
Es por eso que es importante estar preparado y un paso por delante del juego, amigo, independientemente de si usted es un individuo o propietario individual, una asociación o consenso mutuo, una red de contabilidad de varios afiliados o incluso una corporación multinacional: Usted nunca puede estar demasiado preparado. De hecho, es por eso que varias agencias ahora están contratando a expertos, desarrolladores y revisores independientes para ayudar en estas tareas técnicas altamente cruciales, porque uno no puede poner un precio en la seguridad y la transacción lisa. Y dado que los contratos inteligentes siempre emplearán una aplicación descentralizada, varios de los costos habituales de transacción asimilados a la contratación se eliminan por completo, mientras que estos expertos independientes sólo le cobran lo que necesita para pagar para garantizar su seguridad permanente.

Aunque ningún sistema, experto o contratista es perfecto, la mayoría de los mejores — como Solidified — emplean una gama muy diversa de herramientas. Esto les permite revisar continuamente cada aspecto de su contrato inteligente como un medio de analizar sus subconjuntos y cantidades. Con el servicio continuamente en línea, revisión y revisión, estos profesionales pueden detectar errores, errores y mucho más y hacer que sus posibilidades de ser “hackeado” sean mucho menos probables.

Muchos no han considerado la importancia de revisar y revisar con frecuencia este contrato en línea delicado debido a la ocupación, las preocupaciones de costo u otras cuestiones, pero es sin embargo un componente vital para la seguridad y el éxito de su negocio.

Una auditoría agresivamente independiente — una solución de elección a través de implementaciones variadas?

1. A través de los expertos del blockchain

La palabra clave aquí es “independiente”. El otro es “auditoría”. Para ser incluso pickier, el tercero es “solución”. ¿Obtener la imagen?

Dicen que la revisión por pares es quizás la mejor medicina para un contrato inteligente internamente estable, especialmente uno que espera permanecer intacto para el largo plazo. Y no están equivocados. De hecho, los principales analistas y guías tecnológicos de Solidified saben exactamente de lo que están hablando, y por eso son los mejores.

Si no me crees, simplemente busca lo siguiente a través de Google, “¿Qué es un contrato ‘smart’?” y el nombre de esta empresa aparecerá en primer lugar bajo los resultados de búsqueda de Google. Son empresas como estas a las que quieres dedicar tu contrato; sus expertos elegirán a fondo su contrato — en el buen sentido — para evaluar su cadena de bloqueos y probar su bienestar general de daño. No busque simplemente a ningún experto de la criptocurrencia, pero busque el mejor e invierte en las compañías enumeradas en la tapa de la primera página. Esto garantizará su retorno de la inversión y ofrecerá una sensata tranquilidad para cada contrato.

2. A través de los resultados publicados y de la información / comentarios de los expertos

Uno siempre debe desear saber dónde se dirige su contrato — y qué áreas de la misma requieren análisis, reparación de la violación, implementaciones de adición u otras formas de análisis técnico y revisión. Todo esto se puede controlar de forma segura y remota a través de una auditoría interna de la calidad, pero no sólo por cualquier experto. De hecho, algunos aseguraron que los “expertos” operan de forma subordinada como los mismos hackers que desean hacerle daño. No les dé una oportunidad, pero siempre la búsqueda de Google para los proveedores de calidad que están certificados, capacitados y tienen reseñas pendientes — una vez más, los expertos como Solidified!

3. A través de un proceso de revisión estandarizado y no sólo cualquier proveedor

Un análisis regular y una inspección minuciosa por parte del personal superior de bloque — a través de una revisión por pares detallada — siempre es mejor, y simplemente no podemos traer este punto a casa con suficiente urgencia! Cuando se utiliza un equipo que es fluido, probado en el campo y unificado en todos los frentes, usted recibe no menos de lo mejor en calidad y asegurar la retención estándar de auditoría — un hito para esta industria. A diferencia de un servicio que tiene sus muchas divisiones revisar su contrato inteligente individualmente — y cada uno por su cuenta — puede tener algo más cohesionado y válidamente respaldado por numerosas fuentes.

Por lo tanto, el margen de error se mantiene a un mínimo. Tomamos sus contratos, información y blockchain muy seriamente.

4. En última instancia, a través de una combinación saludable de los tres — y una marca superior que ofrece de todos los aspectos!

Hay buenas noticias: De las pocas empresas suficientemente avanzado y equipado en el ámbito sensible y nuevo de transacción criptocurrencia y su contrato de seguridad en línea, saber de uno que puede ofrecer a los clientes la paz de la mente mediante el suministro de los tres de los factores enumerados anteriormente. Trabajemos juntos para mantener su contrato sólido sólido y completamente intacto ante los innumerables riesgos cibernéticos, obstáculos y amenazas. ¡Es hora de solidificar!

Una Solución Más Agresiva para una Época Más Agresiva

Escritor: Efrain Eduardo Silva

Dominio Público: Shutterstock Royalty, con uso permitido.

Nueva Era — Nuevas Medidas!
Seamos realistas: Escribir código a través de la creación e implementación de contratos inteligentes es algo nuevo. El proceso general de mantener dicha información de alto riesgo desde dentro, aunque a menudo rigurosamente exhaustivo cuando se hace a través de los mejores proveedores, todavía está abierto a muchas vulnerabilidades. Neo-hacking, por ejemplo, no es menos en la parte superior de esta lista.

De hecho, muchos ya han hecho una carrera a tiempo completo de aprender a hackear en los contratos inteligentes y redes Ethereum con el fin de acceder a la información de la cuenta monetaria de los individuos e incluso grandes corporaciones. Es por eso que la gente necesita mantenerse informada y actualizada, no sólo con el código y las actuales implementaciones contractuales, sino también mediante la implementación de lo mejor en las medidas de intercambio de la criptocurrencia, preferiblemente mediante el uso de blockchain, bitcoin o algo similar. Intentelo.

Cuando se trata de información cibernética y la seguridad, nunca puede ser demasiado seguro. Es, después de todo, la era de la información, y cualquier cosa puede ir — en dos minutos, el intruso derecho puede colarse y alterar sus contratos inteligentes con cualquier conexión blockchain pertinente — e incluso acceder a sus fondos. No es un chiste.

Expertos Muy Diversos con Soluciones Que Producen!
Es por eso que es importante estar preparado y un paso por delante del juego, amigo, independientemente de si usted es un individuo o propietario individual, una asociación o consenso mutuo, una red de contabilidad de varios afiliados o incluso una corporación multinacional: Usted nunca puede estar demasiado preparado. De hecho, es por eso que varias agencias ahora están contratando a expertos, desarrolladores y revisores independientes para ayudar en estas tareas técnicas altamente cruciales, porque uno no puede poner un precio en la seguridad y la transacción lisa. Y dado que los contratos inteligentes siempre emplearán una aplicación descentralizada, varios de los costos habituales de transacción asimilados a la contratación se eliminan por completo, mientras que estos expertos independientes sólo le cobran lo que necesita para pagar para garantizar su seguridad permanente.

Aunque ningún sistema, experto o contratista es perfecto, la mayoría de los mejores — como Solidified — emplean una gama muy diversa de herramientas. Esto les permite revisar continuamente cada aspecto de su contrato inteligente como un medio de analizar sus subconjuntos y cantidades. Con el servicio continuamente en línea, revisión y revisión, estos profesionales pueden detectar errores, errores y mucho más y hacer que sus posibilidades de ser “hackeado” sean mucho menos probables.

Muchos no han considerado la importancia de revisar y revisar con frecuencia este contrato en línea delicado debido a la ocupación, las preocupaciones de costo u otras cuestiones, pero es sin embargo un componente vital para la seguridad y el éxito de su negocio.

Una auditoría agresivamente independiente — una solución de elección a través de implementaciones variadas?

1. A través de los expertos del blockchain

La palabra clave aquí es “independiente”. El otro es “auditoría”. Para ser incluso pickier, el tercero es “solución”. ¿Obtener la imagen?

Dicen que la revisión por pares es quizás la mejor medicina para un contrato inteligente internamente estable, especialmente uno que espera permanecer intacto para el largo plazo. Y no están equivocados. De hecho, los principales analistas y guías tecnológicos de Solidified saben exactamente de lo que están hablando, y por eso son los mejores.

Si no me crees, simplemente busca lo siguiente a través de Google, “¿Qué es un contrato ‘smart’?” y el nombre de esta empresa aparecerá en primer lugar bajo los resultados de búsqueda de Google. Son empresas como estas a las que quieres dedicar tu contrato; sus expertos elegirán a fondo su contrato — en el buen sentido — para evaluar su cadena de bloqueos y probar su bienestar general de daño. No busque simplemente a ningún experto de la criptocurrencia, pero busque el mejor e invierte en las compañías enumeradas en la tapa de la primera página. Esto garantizará su retorno de la inversión y ofrecerá una sensata tranquilidad para cada contrato.

2. A través de los resultados publicados y de la información / comentarios de los expertos

Uno siempre debe desear saber dónde se dirige su contrato — y qué áreas de la misma requieren análisis, reparación de la violación, implementaciones de adición u otras formas de análisis técnico y revisión. Todo esto se puede controlar de forma segura y remota a través de una auditoría interna de la calidad, pero no sólo por cualquier experto. De hecho, algunos aseguraron que los “expertos” operan de forma subordinada como los mismos hackers que desean hacerle daño. No les dé una oportunidad, pero siempre la búsqueda de Google para los proveedores de calidad que están certificados, capacitados y tienen reseñas pendientes — una vez más, los expertos como Solidified!

3. A través de un proceso de revisión estandarizado y no sólo cualquier proveedor

Un análisis regular y una inspección minuciosa por parte del personal superior de bloque — a través de una revisión por pares detallada — siempre es mejor, y simplemente no podemos traer este punto a casa con suficiente urgencia! Cuando se utiliza un equipo que es fluido, probado en el campo y unificado en todos los frentes, usted recibe no menos de lo mejor en calidad y asegurar la retención estándar de auditoría — un hito para esta industria. A diferencia de un servicio que tiene sus muchas divisiones revisar su contrato inteligente individualmente — y cada uno por su cuenta — puede tener algo más cohesionado y válidamente respaldado por numerosas fuentes.

Por lo tanto, el margen de error se mantiene a un mínimo. Tomamos sus contratos, información y blockchain muy seriamente.

4. En última instancia, a través de una combinación saludable de los tres — y una marca superior que ofrece de todos los aspectos!

Hay buenas noticias: De las pocas empresas suficientemente avanzado y equipado en el ámbito sensible y nuevo de transacción criptocurrencia y su contrato de seguridad en línea, saber de uno que puede ofrecer a los clientes la paz de la mente mediante el suministro de los tres de los factores enumerados anteriormente. Trabajemos juntos para mantener su contrato sólido sólido y completamente intacto ante los innumerables riesgos cibernéticos, obstáculos y amenazas. ¡Es hora de solidificar!