Category Archives: blockchain technology

Bitcoins..What,How?

In a country like India, where majority of population believes stock market as gamble and therefore like to invest more in gold and land because of high security level, there people started listening about something new, something like digital coin called Bitcoins. Year 2017 proved to be a significant year for Bitcoins in India and its effect is seen increasing after demonetization. And in few months, the topic became burning news for media channels and newspaper organizations. In a short span, Bitcoin became a common discussion among public and a new source for investment. The news spread as, there is a digital currency whose value is touching the sky and gives almost double returns in less than a year. It is good that there is more and more promotion of Bitcoins (through media, word of mouth , internet etc) as people should know about any new financial asset (or currency) available in market and it’s pros and cons associated with it and should be educated about Bitcoins before investing in it. One should know the reasons for such a high demand for Bitcoins all around the globe and what is the government’s role of different countries towards it. It is important for the mass to know the technology behind working of Bitcoins. This way they can come up to a concrete decision and further they can understand more about the technology behind Bitcoins i.e. Blockchain technology. This blockchain technology is in its growth stage and challenging most of the current technologies prevailing in different industries and has an ability to change them at fundamental level. As the popularity of Bitcoins is increasing day by day, so does the blockchain’s. This technology is not limited up to crypto-currencies, but has potential to change the financial market, media, e-commerce and many more industries. We can expect a huge employment opportunity and that should be the main focus of today’s youth. The coming 5–10 years will be the main adoption stage of blockchain and it is necessary for us to have basic knowledge of it so that we don’t lag behind in growing, adapting or earning money. You can find various videos and articles on blockchain and details about top crypto-currencies and their recent performance in various websites or apps. Top researchers of this area suggest that we should not invest in these crypto-currencies only because others are investing in it too. We should do our homework and have proper knowledge about the coin (eg- Bitcoins, etherium, lightcoin etc) in which we want to invest. Initially, start with small amounts, read and understand the market patterns and when confident enough, you can increase your investment or withdraw money.

Lockchain is Airbnb 2.0

As a new ICO investor, I checked out lots of projects and found some of them to be at the forefront like Lockchain, which actually is going to overpass Airbnb because of its unique zero commission system that actually is going to change the game on accommodation industry. If you are up to blockchain trends and ICOs hype, you should take a look at its token, it has already double its valuation since it hit exchanges.

So get your LOC tokens now from exchanges like HitBTC before it hits 2 USD. The only thing you are going to regret is you did not buy more.

Что представляет собой SwissBorg?

SwissBorg представляет собой абсолютно новую эру в управлении криптокапиталом. Это совершенно новая концепция, благодаря которой наиболее интересные и прибыльные инвестиционные решения станут доступны для вас без ограничений. SwissBorg — это совершенно новая демократическая, децентрализованная экосистема, которая позволит профессионально управлять портфелем криптоактивов.

Такая платформа подойдет абсолютно всем, ведь она является надежным швейцарским кибер-банком, который предлагает специализированные услуги в сфере инвестиций по криптовалютам. Сотрудничать с платформой может практически каждый: от физического лица до финансового эксперта и децентрализованной автономной организации.

Кибер-банк SwissBorg — это настоящее швейцарское качество, надежность и дальновидность. Пользователь всегда может быть уверен в том, что получит по-настоящему достойные инструменты и продукты для своей успешной реализации.

К основным достоинствам SwissBorg стоит отнести то, что платформа сделана Швейцарии. Вторым достоинством можно назвать смарт-контракты, которые базируются на наборе многозадачных интеллект-контрактов. Они обеспечивают оптимальную основу индивидуальных стратегий для инвестиций. Также платформа предлагает Crypto asset services, так как разработчики понимают, что все люди уникальны, и должны иметь индивидуальные решения, которые будут соответствовать всем потребностям: целевым возвратам, финансированию, другим услугам. Кроме того, пользователи могут воспользоваться льфа-инвестиционными стратегиями — многолетний опыт известных инвестиционных компаний доказывает, что установленные стандарты являются важным элементом успеха новых инвестиций.

Стоит отметить, что SwissBorg, которая предназначена для управления капиталом, имеет целый комплекс функций, которые позволяют существенно расширить права и возможности всего сообщества. В первую очередь нужно понимать, что контроль и регулирование проекта происходит одновременно в нескольких странах. И второе — представлены технологии, услуги и различные продукты, позволяющие управлять криптовалютными технологиями.

Технологии SwissBorg

Платформа SwissBorg базируется только на современных и успешных технологиях, которые включают в себя уникальные результаты инвестиционных исследований, баз данных, наработок известнейших инвесторов на криптовалютном рынке, является меритократия. Это означает, что каждый владелец CHSB токенов развивает сеть SwissBorg при помощи специальной концепции «Доказательства меритократии». А главный «приз» здесь — это право голоса на одном из наиболее перспективных проектов платформы SwissBorg.

Также стоит отметить инвестиционные стратегии альфа и искусственный интеллект, которые в последнее время активно развиваются в области блокчейн. Сообщество продолжает расти, развиваться, расширять свои рамки за счет использования результатов новых научных исследований, в том числе и в области искусственного интеллекта, а также коллективного интеллекта.

Достаточно интересным моментом данной платформы является инвестиционная стратегия. Она представляет собой саженную командную работу портфельных менеджеров, финансовых консультантов, инновационных решений, которые позволяют управлять активами и средствами.

К дополнительным технологиям стоит отнести смарт-индексы, которые обеспечивают клиентов различными механизмами взаимодействия с криптовалютой. Также необходимо отметить систему поощрений, благодаря которой каждый пользователь может стать активным участником платформы и получать свою прибыль от 10% дохода, распределяемого между участниками.

ICO SwissBorg

ICO SwissBorg доказывает, что все реально. Всего за три дня был достигнут порог в 11 миллионов CHF. Причем большая часть суммы представляла собой предпродажные соглашения с банками, швейцарской UHNWI и, конечно же, венчурными фондами. Некоторые негативные моменты в виде резкого скачка биткоина, а также перегрузки сети и осторожности некоторых бирж, повлияли на торможение процессов ICO SwissBorg, именно поэтому ICO продлится до 10 января. Данный период будет использован для того, чтобы запустить реферальные бонусы при этом такая ситуация никак не отразится на включение токена в листинг бирж, которое состоится 1 февраля.

Стоит отметить, что SwissBorg применяет совершенно новый тип открытого протокола, благодаря чему держатель токена сможет выбирать направление для развития сети.

Сайт: swissborg.com/

Белая Книга: https://swissborg.com/ru/documents.html

Твиттер: https://twitter.com/swissborg

Мой профиль: https://bitcointalk.org/index.php?action=profile;u=1215773

Estonia Is One Step Closer to Creating a Digital Nation

Estonia is well on its way to realizing its dream of building a global nation supported by its e-Residency program and its own cryptocurrency.


Digital currencies have definitely taken 2017 by storm. Massive price increases, mainstream adoption and just an overall interest in the benefits of blockchain technology have been some of the key highlights of this year.

It’s not just investors hoping to capitalize on these benefits though, governments can also see the advantages to having a cashless financial system.

Bragging Rights for the First State-Run ICO

Bragging Rights for the First State-Run ICO

Estonia had previously announced its plan to develop its own cryptocurrency, the Estcoin. In addition, the country has plans to launch an ICO for its crypto. If successful, it will be the world’s first state-approved and supported ICO.

According to Futurism, the Estcoin would support the country’s e-Residency initiative, which is a project aimed at creating and fostering a global digital nation. Kaspar Korjus, who is the program’s managing director, explained that essentially, anyone in the world who has Internet access can become a “digital citizen” of Estonia. In addition, these citizens can set up and run their business in the country.

Since its launch, the e-Residency initiative has received over 27,000 applicants from more than 140 countries. In addition, 4,272 companies have been registered.

A Multi-Faceted Token

According to Korjus, the state-operated Estcoin token would have varied uses. He explained:

The community Estcoin would be structured to support the objective of growing our new digital nation by incentivizing more people around the world to apply for and make greater use of e-Residency. This includes encouraging investors and entrepreneurs to use e-Residency as their platform for trusted ICO activity.

These tokens, which cannot be traded, can also be used to facilitate electronic signatures, and for log-in purposes. Even though its value will be connected to that of the euro, it is by no means a substitute for the country’s fiat currency.

Vitalik Buterin, who is the co-founder of Ethereum, gave his opinion on the matter:

[I]f these estcoins are issued on top of a blockchain (they could possibly be issued in multiple formats at the same time, nothing wrong with this) then it would become easy and convenient to use them inside of smart contracts and other applications.

Estcoin Is Part of the Bigger Picture

Estcoin Is Part of the Bigger Picture

Even though countries such as Russia, Israel, and Dubai have plans to launch their own state-controlled digital currencies, Estonia seems to have a clear picture in mind, not just in creating a useful crypto, but incorporating it into a new era in the digital revolution.

Do you think Estonia will succeed in creating a digital nation? Will the Estcoin help with this vision? Let us know in the comments below!


Images courtesy of Shutterstock, e-resident.gov.ee

The post Estonia Is One Step Closer to Creating a Digital Nation appeared first on Bitcoinist.com.

IQeon |Platfrom game PvP terdesentralisasi pertama

ya kali ini saya akan membahas mengenai game semua orang tahu bahwa game itu sebuah permainan mobile yang dipakai untuk menghibur diri dari anak kecil hingga orang dewasa , dan bisa menghabiskan waktu hingga berjam jam untuk bermain di game juga banyak berbagai genre game seperti adventure, puzzle , fps, survival dan lainya . dan saat ini pasar penjualan game sudah berkembang pesat dan lebih maju , dan banyak juga sekarang menggunakan uang untuk membeli sebuah uang virtual di game yaitu diamond yang digunakan untuk transaksi membeli item dan sebagainya . disini saya akan menjelaskan sebuah platform yang sangat menarik untuk para gamers tentunya platform apa itu ya saya akan menjelaskan platform IQeon

Apa itu IQeon ?

apa itu IQeon ya IQeon sebuah platform gaming terdesentralisasi pertama yang memungkinkan para pemain meraih prestasi intelektual dan prestasi dalam game lainnya. ini sangat luar biasa bukan untuk pertama kalinya sebuah platform membuat yang memungkinkan para pemain meraih prestasi di dalam game. dan juga platform ini bisa membuat para pemain game mendapatkan mata uang kripto dari prestasinya di dalam game yaitu IQeon itu sendiri yang bisa ditukarkan dengan uang kertas dan mata uang kripto lainnya seperti btc ltc eth dan lainnya sungguh menarik bukan dan platform IQeon juga menggunakan tingkat keamanan yang sangat bagus dengan keamanan blockchain yang tidak dapat diretas sekalipun .

kalian juga bisa belajar dari video apa itu IQeon https://www.youtube.com/f8065598-cea9-4bc8-b73e-cc799eff94fd

Apa saja keuntungan bagi pengguna platform ini mungkin anda bertanya tanya . keuntungan bagi pemegang platform ini yaitu

1. Ekosistem umum

Mata uang internal IQeon, yang didapat dalam satu game, bisa digunakan di tempat lain. sungguh luar biasa bukan ini suatu hal yang sangat bagus karena bisa digunakan dimanapun dan kapanpun

2. Pertukaran mata uang kripto lainya

Dengan menggunakan banyak pertukaran kripto kardiak, token IQeon dapat ditukar dengan mata uang kripto lainnya (bitcoin, litecoin, ethereum, dll.). dan ini juga sungguh menarik karena bisa di tukar dengan mata uang crypto lainnya

3. Pertumbuhan nilai IQeon

Keterlibatan pengembang pihak ketiga ke dalam ekosistem IQeon dan perluasan lini produk kami sendiri akan menghasilkan pertumbuhan di pemirsa pengguna dan peningkatan permintaan akan token IQeon. ini suatu hal yang bagus bagi pengguna karena masa depan platform ini akan sangat bagus yaitu dengan meningkatkan pasar permintaan akan token IQeon itu sendiri

4. Perlindungan terhadap kecurangan

Penggunaan teknologi blockchain dan kontrak cerdas memastikan bahwa syarat dan ketentuan dari setiap perselisihan dicatat dan tidak berubah dan menjamin pembayaran kemenangan.

Penggunaan teknologi blockchain dan kontrak cerdas memastikan bahwa syarat dan ketentuan dari setiap perselisihan dicatat dan tidak berubah dan menjamin pembayaran kemenangan. technology yang sangat aman didunia

dan apa saja keuntungan bagi pengembang patform IQeon ini

1. Pemirsa game tambahan

Penonton game tambahan untuk produk Anda sendiri

2. Pengurangan komisi penarikan

Pengurangan biaya penarikan biaya pengembang (dari 30% Google Play dan Apple Store menjadi 10%).

API

Ketersediaan API yang memungkinkan integrasi cepat produk Anda ke dalam ekosistem IQeon yang ada.

Pemirsa yang solid

Penonton game bersaing dengan token IQeon, yang mudah dikonversi menjadi uang kertas.

Legalitas

Penggunaan token IQeon konsisten dengan Pedoman Tinjauan App Store dan Kebijakan Pengembang Google Play.

Penggunaan blockchain Ethereal

Teknologi sistem blok menjamin keandalan dan anonimitas semua transaksi pembayaran di sistem IQeon, dan token IQeon sendiri sesuai dengan standar ERC20.

Baca selengkapnya di whitepaper project IQeon ini untuk mendapatkan informasi yang lebih banyak https://api.iqeon.io/documents/IQeon_Whitepaper_EN.pdf

Token IQeon juga memiliki 5 Fungsi utama yaitu

  • taruhan dan remunerasi di ruang permainan dan perselisihan;
  • remunerasi untuk aktivitas tertentu (pemain hari ini, pemain bulan ini, dll.);
  • pembayaran remunerasi pengembang game;
  • pembayaran remunerasi kepada pemilik hak cipta konten digital;
  • pembayaran remunerasi untuk program mitra.

Adapun Rincian ICO IQeon yaitu

NamaToken: IQEON

Mengetik : ERC20

Simbol : IQN

Peron : Etereum

Rilis umum : 10.000.000 IQN

Token pra-penjualan

Mulai = tanggal 16 Desember 20 – Berakhir 25 Desember 2017

Jumlah token yang akan dijual = 500.000 IQN

Nilai tukar Tokens1 ETH = 700 IQEON

Mata uang yang dapat diterima = ETH, BTC

Jumlah transaksi minimal = 3 ETH

Penawaran utama token

Mulai = 30 Januari 2018 — Akhir13 Maret 2018

Jumlah token yang akan dijual = 6.500.000 IQN

Maksimum meningkatkan tujuan =20.000 ETH

Mata uang yang dapat diterima = ETH, BTC, LTC

Nilai tukar Tokens1 ETH = 325 IQEON

Jumlah transaksi minimal = 0,1 ETH

Jumlah transaksi = maksimum tidak terbatas

skema bonus penjualan

Jam pertama = 30%

minggu pertama = 25%

minggu kedua = 20%

minggu ketiga = 15 %

minggu keempat = 10%

minggu kelima = 55

Untuk Info lebih jelas dan ikut bergabung dalam ICO anda bisa kunjungi dibawah ini

ANN Tread : https://bitcointalk.org/index.php?topic=2479328

Website : https://iqeon.io/

whitepaper : https://api.iqeon.io/documents/IQeon_Whitepaper_EN.pdf

Untuk mendapatkan info dan berita bagus dari Napoleon X kunjungi dan ikuti sosial media IQeon dibawah ini

Twitter :https://twitter.com/IQeon_IO

Facebook : https://web.facebook.com/IQeon-1300996646678795?_rdc=1&_rdr

Telegram : https://t.me/IQeonICO

Instagram : https://www.instagram.com/iqeon.io

Linkedin : https://www.linkedin.com/company/18310969/

Google + : https://plus.google.com/111220191222714696025

VK : https://vk.com/iqeon

Steemit : https://steemit.com/@iqeon

Slack : https://iqeon.slack.com/join/shared_invite/enQtMjgyMDgwMDU0ODU0LWI0NzQyYTc2OTg3NzI4NjdjMTEzZTYyMmI5YjA1M2RjMzAyMjhiYTJlZGVjYmExZmVlMTg1ZjI2NDM5ZWRjOTU

Penulis Nekonyun Nee

alamat eth : 0x492072Db470a8FA75D3355e1eEe18B8B84d9F7C9

IQeon |Platfrom game PvP terdesentralisasi pertama

ya kali ini saya akan membahas mengenai game semua orang tahu bahwa game itu sebuah permainan mobile yang dipakai untuk menghibur diri dari anak kecil hingga orang dewasa , dan bisa menghabiskan waktu hingga berjam jam untuk bermain di game juga banyak berbagai genre game seperti adventure, puzzle , fps, survival dan lainya . dan saat ini pasar penjualan game sudah berkembang pesat dan lebih maju , dan banyak juga sekarang menggunakan uang untuk membeli sebuah uang virtual di game yaitu diamond yang digunakan untuk transaksi membeli item dan sebagainya . disini saya akan menjelaskan sebuah platform yang sangat menarik untuk para gamers tentunya platform apa itu ya saya akan menjelaskan platform IQeon

Apa itu IQeon ?

apa itu IQeon ya IQeon sebuah platform gaming terdesentralisasi pertama yang memungkinkan para pemain meraih prestasi intelektual dan prestasi dalam game lainnya. ini sangat luar biasa bukan untuk pertama kalinya sebuah platform membuat yang memungkinkan para pemain meraih prestasi di dalam game. dan juga platform ini bisa membuat para pemain game mendapatkan mata uang kripto dari prestasinya di dalam game yaitu IQeon itu sendiri yang bisa ditukarkan dengan uang kertas dan mata uang kripto lainnya seperti btc ltc eth dan lainnya sungguh menarik bukan dan platform IQeon juga menggunakan tingkat keamanan yang sangat bagus dengan keamanan blockchain yang tidak dapat diretas sekalipun .

kalian juga bisa belajar dari video apa itu IQeon https://www.youtube.com/f8065598-cea9-4bc8-b73e-cc799eff94fd

Apa saja keuntungan bagi pengguna platform ini mungkin anda bertanya tanya . keuntungan bagi pemegang platform ini yaitu

1. Ekosistem umum

Mata uang internal IQeon, yang didapat dalam satu game, bisa digunakan di tempat lain. sungguh luar biasa bukan ini suatu hal yang sangat bagus karena bisa digunakan dimanapun dan kapanpun

2. Pertukaran mata uang kripto lainya

Dengan menggunakan banyak pertukaran kripto kardiak, token IQeon dapat ditukar dengan mata uang kripto lainnya (bitcoin, litecoin, ethereum, dll.). dan ini juga sungguh menarik karena bisa di tukar dengan mata uang crypto lainnya

3. Pertumbuhan nilai IQeon

Keterlibatan pengembang pihak ketiga ke dalam ekosistem IQeon dan perluasan lini produk kami sendiri akan menghasilkan pertumbuhan di pemirsa pengguna dan peningkatan permintaan akan token IQeon. ini suatu hal yang bagus bagi pengguna karena masa depan platform ini akan sangat bagus yaitu dengan meningkatkan pasar permintaan akan token IQeon itu sendiri

4. Perlindungan terhadap kecurangan

Penggunaan teknologi blockchain dan kontrak cerdas memastikan bahwa syarat dan ketentuan dari setiap perselisihan dicatat dan tidak berubah dan menjamin pembayaran kemenangan.

Penggunaan teknologi blockchain dan kontrak cerdas memastikan bahwa syarat dan ketentuan dari setiap perselisihan dicatat dan tidak berubah dan menjamin pembayaran kemenangan. technology yang sangat aman didunia

dan apa saja keuntungan bagi pengembang patform IQeon ini

1. Pemirsa game tambahan

Penonton game tambahan untuk produk Anda sendiri

2. Pengurangan komisi penarikan

Pengurangan biaya penarikan biaya pengembang (dari 30% Google Play dan Apple Store menjadi 10%).

API

Ketersediaan API yang memungkinkan integrasi cepat produk Anda ke dalam ekosistem IQeon yang ada.

Pemirsa yang solid

Penonton game bersaing dengan token IQeon, yang mudah dikonversi menjadi uang kertas.

Legalitas

Penggunaan token IQeon konsisten dengan Pedoman Tinjauan App Store dan Kebijakan Pengembang Google Play.

Penggunaan blockchain Ethereal

Teknologi sistem blok menjamin keandalan dan anonimitas semua transaksi pembayaran di sistem IQeon, dan token IQeon sendiri sesuai dengan standar ERC20.

Baca selengkapnya di whitepaper project IQeon ini untuk mendapatkan informasi yang lebih banyak https://api.iqeon.io/documents/IQeon_Whitepaper_EN.pdf

Token IQeon juga memiliki 5 Fungsi utama yaitu

  • taruhan dan remunerasi di ruang permainan dan perselisihan;
  • remunerasi untuk aktivitas tertentu (pemain hari ini, pemain bulan ini, dll.);
  • pembayaran remunerasi pengembang game;
  • pembayaran remunerasi kepada pemilik hak cipta konten digital;
  • pembayaran remunerasi untuk program mitra.

Adapun Rincian ICO IQeon yaitu

NamaToken: IQEON

Mengetik : ERC20

Simbol : IQN

Peron : Etereum

Rilis umum : 10.000.000 IQN

Token pra-penjualan

Mulai = tanggal 16 Desember 20 – Berakhir 25 Desember 2017

Jumlah token yang akan dijual = 500.000 IQN

Nilai tukar Tokens1 ETH = 700 IQEON

Mata uang yang dapat diterima = ETH, BTC

Jumlah transaksi minimal = 3 ETH

Penawaran utama token

Mulai = 30 Januari 2018 — Akhir13 Maret 2018

Jumlah token yang akan dijual = 6.500.000 IQN

Maksimum meningkatkan tujuan =20.000 ETH

Mata uang yang dapat diterima = ETH, BTC, LTC

Nilai tukar Tokens1 ETH = 325 IQEON

Jumlah transaksi minimal = 0,1 ETH

Jumlah transaksi = maksimum tidak terbatas

skema bonus penjualan

Jam pertama = 30%

minggu pertama = 25%

minggu kedua = 20%

minggu ketiga = 15 %

minggu keempat = 10%

minggu kelima = 55

Untuk Info lebih jelas dan ikut bergabung dalam ICO anda bisa kunjungi dibawah ini

ANN Tread : https://bitcointalk.org/index.php?topic=2479328

Website : https://iqeon.io/

whitepaper : https://api.iqeon.io/documents/IQeon_Whitepaper_EN.pdf

Untuk mendapatkan info dan berita bagus dari Napoleon X kunjungi dan ikuti sosial media IQeon dibawah ini

Twitter :https://twitter.com/IQeon_IO

Facebook : https://web.facebook.com/IQeon-1300996646678795?_rdc=1&_rdr

Telegram : https://t.me/IQeonICO

Instagram : https://www.instagram.com/iqeon.io

Linkedin : https://www.linkedin.com/company/18310969/

Google + : https://plus.google.com/111220191222714696025

VK : https://vk.com/iqeon

Steemit : https://steemit.com/@iqeon

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La plataforma de Neufund como un mecanismo de ICO

La plataforma de Neufund como un mecanismo de ICO

Сripto-monedas firmemente arraigada en la conciencia de las masas miembro humano, sin embargo, el nivel de confianza relativamente bajo. Esto es debido, sobre todo, con una escasa comprensión de las particularidades del mercado y la necesidad de vincular la pasan allí los procesos de negocio con las transacciones económicas.

La comprensión fundamental de las diferencias сripto-monedas de los monederos electrónicos ya se ha alcanzado, sin embargo, tales mecanismos como mining causan una cierta atención y no permite que las amplias masas de los usuarios pudiesen entrar en el criptoeconomía. Precisamente por eso se han desarrollado las formas de las emisiones como el ICO, que consisten en la intervención de terceros de la inversión mediante la oferta a los inversores una cantidad fija de nuevos unidades de criptografía. En otras palabras, es la tasa de emisión, diferida de la necesidad del desarrollo de la nueva facturación de la unidad. Un gran número de empresas que acceden al mercado en este segmento, no sólo no facilitan la aplicación de los instrumentos, sino que introducen un elemento de desconfianza, debido a la falta de un líder, que es una especie de patrón de seguridad y muestra una mejor organización de los procesos de negocio.

Para hacer frente a todo el conjunto de problemas formulados y se ha creado la plataforma Neufund, que es un universal mecanismo de inversión, contado en el trabajo, como en un gran segmento organizacional, así como en la interacción con los usuarios. Precisamente, en este último caso, y se manifiesta la principal ventaja de los programas de inversión, que se manifiesta en la superación de las barreras burocráticas que tienen las legislaciones de los diferentes países. Si consideramos el ejemplo de rusia, de conformidad con la presente normativa, ninguna empresa puede dedicarse a la participación de los medios de la población con el fin de de realizar la inversión, formal de la presentación de esta operación temporal de intereses de los préstamos. Es decir, recoger el dinero en el desarrollo del negocio y producir los posteriores cálculos mediante la aplicación de equivalentes de fracciones hotel. Además, estos procesos conllevan la necesidad de la formación de un enorme paquete de documentos que tenga en cuenta la especificidad de cada país. Todo esto hace que el mercado de inversiones localizadas y poco integrado en el global de los procesos de negocio.
Si dirigirse a Neufund, implicados en la herramienta automáticamente se transforman en la asignación de los tokens que proporcionan los propietarios de derecho de la posesión de una determinada proporcional de parte de la empresa. Un aspecto clave de este sistema es que esta transformación se realiza en base a los mecanismos de bloquear, aumentando su seguridad y simplifica los principales procesos económicos.
La plataforma no sólo es interesante para los inversionistas potenciales, sino también a las empresas a prepararse para crear una parte de sus activos bajo fianza del aprovisionamiento de fondos. En otras palabras, Neufund es un mecanismo universal para la ejecución de las operaciones financieras, basado en las tecnologías más recientes.

En este caso, los usuarios tienen que lidiar con este mecanismo, como los tokens de promoción, la relevancia que obedecer a una mayor competencia en el mercado y la necesidad urgente de la atracción de los activos financieros. Al este, los esquemas tradicionales de inversión no funcionan aquí. La colocación de los tokens para dar el impulso necesario al desarrollo de la infraestructura y la construcción de la red, y el posible nivel de confianza, posteriormente, se convierte en la forma de dividendos.
Neufund posiciona como un mecanismo innovador que proporciona un nivel de garantías, que le permite invertir en la plataforma inmediatamente después de su creación, y obtener un reembolso completo de su inversión después de 18 meses, además, está disponible y la conclusión anticipada de las inversiones, establecido por la comisión en el 10%.

Hay un extra y la promoción de los inversores potenciales a través de la colocación de la oficina de protocolo token de Neumark (NEU), a los titulares de la cual está disponible las ganancias con cada éxito de la transacción en la plataforma. En pocas palabras, cuando la aplicación con éxito de las operaciones, la comisión del sistema se distribuye proporcionalmente entre los titulares de protocolo token. El titular de la NEU recibe una oportunidad única para ampliar su paquete por la cuenta de capital de los tokens de terceros. Proporcionales de los tokens pueden estar disponibles para los individuos como para organizaciones y en los procesos establecidos banca general procedimientos KYC/AML, lo que aumenta considerablemente la fiabilidad.
Los usuarios de la plataforma recibirán las herramientas para realizar la reserva de los activos disponibles para las próximas inversiones y realizar permanente y el control de sus propios medios. Al este, los inversores han convertido en propietarios de NEU tienen la oportunidad de comercio sin ningún tipo de complejos esquemas de transferencia.

Todos los de la transacción se realizará en Euros de Seguimiento (EURT), vinculados a la relación con el real de la moneda en una proporción de 1 a 1, además, la inversión se aceptan en el ETH.
En otras palabras, Neufund hoy es el único instrumento financiero que permite combinar los activos financieros del mundo real en línea con su sistema bloquear. Esto hace que el proceso de la inversión pública y verdaderamente global y no contraria a la legislación vigente.

Neufund ICBM website http://commit.neufund.org

De Ultieme Introductie tot Blockchain

Click here for the English version of this article


bron: cointelegraph.com

De afgelopen weken krijg ik steeds meer vragen van familie en vrienden over blockchain en cryptocurrencies, al helemaal sinds Bitcoin overal in het nieuws is. Het is nogal een ingewikkeld onderwerp en erg lastig uit te leggen, dus ik heb besloten om erover te gaan schrijven.

Voor de komende weken zal ik korte artikelen schrijven over blockchain technologie en haar praktische toepassingsmogelijkheden. Dit eerste artikel uit die serie dient als introductie tot de basisconcepten, dus ik heb het zo simpel mogelijk gehouden.

“Deniz, wat is blockchain? Kan ik het eten?”

Nee, je kan blockchain niet eten maar het is wel één van de grootste technologische innovaties sinds de komst van het internet, met de potentie om vele sectoren te transformeren. De eerste toepassing van blockchain technologie was Bitcoin; wat bestaat sinds 2008 en bedoeld was als een elektronisch betaalsysteem zonder centrale autoriteit (zoals een bank). Bitcoin was een revolutionair concept, maar de potentie van de achterliggende technologie gaat veel verder dan alleen geld en betalingen. Tegenwoordig zijn er duizenden projecten die gebruik maken van blockchain technologie, veel daarvan een stuk interessanter dan Bitcoin.

“Oké, maar welk probleem lost het op?”

Het probleem dat blockchain probeert op te lossen is digitaal vertrouwen. Met het internet kunnen we alles met iedereen delen, maar op dat moment sturen we elkaar eigenlijk een kopie van het originele bestand. Dit is prima als het gaat om familiefoto’s of kattenfilmpjes, maar wat als ik je iets wil sturen dat niet gekopieerd mag worden? Als ik jou een concertkaartje stuur; hoe garandeer ik jou dat ik het digitale bestand daarna niet meer bezit? Momenteel gebruiken we daarvoor betrouwbare derde partijen, die garanderen dat we niet dubbel kunnen uitgeven. Banken beheren bijvoorbeeld onze rekeningen, zodat ik exact dezelfde €100 niet twee keer kan uitgeven, net zoals Ticketswap voorkomt dat ik mijn verkochte concertkaartje niet alsnog kan gebruiken.

“Maar waarom zouden we het huidige systeem willen veranderen? We hebben toch al die bedrijven om ons hiermee te helpen?”

Het antwoord op je vraag is elke dag in het nieuws te vinden; Derde partijen kunnen frauderen, kunnen fouten maken, kunnen worden gehacked en zijn ten slotte erg inefficient. Wat als we alles onderling zouden kunnen regelen — zender en ontvanger — zonder al die tussenpartijen? Dat is één van de beloftes van blockchain: een gedecentralizeerde samenleving.

“Blockchain klinkt best interessant! Maar waar hebben we het eigenlijk over? Is het een nieuwe smartphone?”

Een blockchain is een datastructuur. Zie het als een soort wereldwijde databank zonder centraal eigenaarschap en zonder centrale servers. In plaats daarvan bezit iedereen op het netwerk een kopie van de data en kan iedereen aanpassingen aan de data voorstellen. De data wordt alleen aangepast als de meeste gebruikers op het netwerk de wijziging goedkeuren. Verschillende blockchain platforms kunnen deze “globale databanken” op verscheidene wijzen gebruiken. Een van de meest eenvoudige toepassingen is die van Bitcoin; die “databank” is niets meer dan een eeuwig-groeiende lijst van transacties (een soort digitaal grootboek).

“Dus iedereen bezit een kopie van de hele databank? Is dat niet super inefficient en kostbaar?”

Goede vraag! Dit is waarom men— voor nu — niet alles op een blockchain op wilt slaan, maar alleen de “gevoelige” data (data die eigenlijk onveranderbaar zou moeten zijn zonder dat alle belanghebbenden hiermee instemmen). Gevoelige data kan bijvoorbeeld te maken hebben met identiteit, eigenaarschap, geldtransacties, herkomst, etc.

In de nabije toekomst wordt het misschien alsnog mogelijk om grote bestanden te kunnen verwerken met blockchains, zoals grote filmbestanden en online videogames. Er zijn momenteel allerlei ontwikkelingen gaande omtrent de schaalbaarheid van blockchain technologie, maar ik zal hier niet in detail treden.

“Oké, ik begin het langzaamaan te begrijpen! En veiligheid dan? Waarom is een blockchain veiliger dan een normale databank?”

Zoals ik al eerder aangaf: Iedereen op een blockchain netwerk beschikt over een kopie van de data. Wanneer iemand binnen het netwerk een verandering wilt aanbrengen — bijvoorbeeld door een nieuwe transactie aan te maken — wordt deze verandering naar alle andere partijen op het netwerk verzonden, maar alleen geaccepteerd als de meerderheid de verandering als valide beschouwt. Hierdoor wordt het heel moeilijk om frauduleuze aanpassingen door te voeren, omdat het een afwijking met de rest van het netwerk veroorzaakt.


Ja; het is ingewikkeld. (bron: BT global services)

Hier is ook waar “block” in blockchain naar voren komt. Om de paar minuten worden alle nieuwe veranderingen gebundeld in een blok, welke wordt beveiligd met cryptografie. Dit blok wordt — middels cryptografie — gekoppeld aan het vorige blok, welke weer is verbonden aan het blok daarvoor, etc. Dit creeërt een ijzersterk en eeuwig-groeiend register van wijzigingen in de databank. Des te langer deze “blok-ketting” is; des te moeilijker het wordt om te knoeien met de gegevens.

“Klinkt veelbelovend allemaal! Ik snap alleen nog niet hoe cryptomunten in dit verhaal passen… Waarom zou iemand in godsnaam duizenden euro’s betalen voor een bitcoin?”


bron: themerkle.com

Net zoals de “fiat valuta’s” die wij allemaal kennen en dagelijks gebruiken, zijn cryptomunten een ruilmiddel. Elke cryptovaluta kan geprogrammeerd worden om zijn eigen intrinsieke waarde te hebben binnen haar eigen netwerk. Je hebt bijvoorbeeld Ether (ETH) nodig om gebruik te kunnen maken van de rekenkracht van de Ethereum blockchain en banken hebben Lumens (XLM) nodig om gegevens uit te kunnen wisselen via de blockchain van Stellar. De hoeveelheid cryptomunten is ook programmeerbaar. In het geval van Bitcoin zullen er bijvoorbeeld nooit meer dan 21 miljoen bitcoins bestaan, waardoor sommigen het ook wel aanprijzen als “digitaal goud”.

Door een cryptovaluta te bezitten, ben je in zekere zin eigenaar van een deel van het achterliggende netwerk en kun je investeren in haar potentie. De marktwaarde van de meeste cryptovaluta’s zijn momenteel echter niet representatief voor de daadwerkelijke waarde van de projecten, omdat er enorm veel wordt gespeculeerd door handelaren. In een later artikel zal ik verder ingaan op cryptovaluta’s en het investeren hierin.

Wauw; je hebt het tot het einde volgehouden! Hopelijk helpt dit artikel je om de basisconcepten van blockchain technologie te begrijpen, want ik geloof oprecht dat deze technologie één van de drijvende transformatieve krachten binnen onze samenleving zal zijn. Ik hoor graag wat je van dit artikel vond; ookal is het alleen maar door op de “clap” knop hieronder te drukken.

Dit is het eerste artikel van een serie over blockchain technologie en cryptocurrencies. De komende weken zal ik schrijven over potentiele toepassingen en interessante projecten binnen het domein.

Mocht je vragen of onduidelijkheden hebben; voel je vrij om contact op te nemen. Ik help graag!

Peace and love.

Deniz

De Ultieme Introductie tot Blockchain

Click here for the English version of this article


bron: cointelegraph.com

De afgelopen weken krijg ik steeds meer vragen van familie en vrienden over blockchain en cryptocurrencies, al helemaal sinds Bitcoin overal in het nieuws is. Het is nogal een ingewikkeld onderwerp en erg lastig uit te leggen, dus ik heb besloten om erover te gaan schrijven.

Voor de komende weken zal ik korte artikelen schrijven over blockchain technologie en haar praktische toepassingsmogelijkheden. Dit eerste artikel uit die serie dient als introductie tot de basisconcepten, dus ik heb het zo simpel mogelijk gehouden.

“Deniz, wat is blockchain? Kan ik het eten?”

Nee, je kan blockchain niet eten maar het is wel één van de grootste technologische innovaties sinds de komst van het internet, met de potentie om vele sectoren te transformeren. De eerste toepassing van blockchain technologie was Bitcoin; wat bestaat sinds 2008 en bedoeld was als een elektronisch betaalsysteem zonder centrale autoriteit (zoals een bank). Bitcoin was een revolutionair concept, maar de potentie van de achterliggende technologie gaat veel verder dan alleen geld en betalingen. Tegenwoordig zijn er duizenden projecten die gebruik maken van blockchain technologie, veel daarvan een stuk interessanter dan Bitcoin.

“Oké, maar welk probleem lost het op?”

Het probleem dat blockchain probeert op te lossen is digitaal vertrouwen. Met het internet kunnen we alles met iedereen delen, maar op dat moment sturen we elkaar eigenlijk een kopie van het originele bestand. Dit is prima als het gaat om familiefoto’s of kattenfilmpjes, maar wat als ik je iets wil sturen dat niet gekopieerd mag worden? Als ik jou een concertkaartje stuur; hoe garandeer ik jou dat ik het digitale bestand daarna niet meer bezit? Momenteel gebruiken we daarvoor betrouwbare derde partijen, die garanderen dat we niet dubbel kunnen uitgeven. Banken beheren bijvoorbeeld onze rekeningen, zodat ik exact dezelfde €100 niet twee keer kan uitgeven, net zoals Ticketswap voorkomt dat ik mijn verkochte concertkaartje niet alsnog kan gebruiken.

“Maar waarom zouden we het huidige systeem willen veranderen? We hebben toch al die bedrijven om ons hiermee te helpen?”

Het antwoord op je vraag is elke dag in het nieuws te vinden; Derde partijen kunnen frauderen, kunnen fouten maken, kunnen worden gehacked en zijn ten slotte erg inefficient. Wat als we alles onderling zouden kunnen regelen — zender en ontvanger — zonder al die tussenpartijen? Dat is één van de beloftes van blockchain: een gedecentralizeerde samenleving.

“Blockchain klinkt best interessant! Maar waar hebben we het eigenlijk over? Is het een nieuwe smartphone?”

Een blockchain is een datastructuur. Zie het als een soort wereldwijde databank zonder centraal eigenaarschap en zonder centrale servers. In plaats daarvan bezit iedereen op het netwerk een kopie van de data en kan iedereen aanpassingen aan de data voorstellen. De data wordt alleen aangepast als de meeste gebruikers op het netwerk de wijziging goedkeuren. Verschillende blockchain platforms kunnen deze “globale databanken” op verscheidene wijzen gebruiken. Een van de meest eenvoudige toepassingen is die van Bitcoin; die “databank” is niets meer dan een eeuwig-groeiende lijst van transacties (een soort digitaal grootboek).

“Dus iedereen bezit een kopie van de hele databank? Is dat niet super inefficient en kostbaar?”

Goede vraag! Dit is waarom men— voor nu — niet alles op een blockchain op wilt slaan, maar alleen de “gevoelige” data (data die eigenlijk onveranderbaar zou moeten zijn zonder dat alle belanghebbenden hiermee instemmen). Gevoelige data kan bijvoorbeeld te maken hebben met identiteit, eigenaarschap, geldtransacties, herkomst, etc.

In de nabije toekomst wordt het misschien alsnog mogelijk om grote bestanden te kunnen verwerken met blockchains, zoals grote filmbestanden en online videogames. Er zijn momenteel allerlei ontwikkelingen gaande omtrent de schaalbaarheid van blockchain technologie, maar ik zal hier niet in detail treden.

“Oké, ik begin het langzaamaan te begrijpen! En veiligheid dan? Waarom is een blockchain veiliger dan een normale databank?”

Zoals ik al eerder aangaf: Iedereen op een blockchain netwerk beschikt over een kopie van de data. Wanneer iemand binnen het netwerk een verandering wilt aanbrengen — bijvoorbeeld door een nieuwe transactie aan te maken — wordt deze verandering naar alle andere partijen op het netwerk verzonden, maar alleen geaccepteerd als de meerderheid de verandering als valide beschouwt. Hierdoor wordt het heel moeilijk om frauduleuze aanpassingen door te voeren, omdat het een afwijking met de rest van het netwerk veroorzaakt.


Ja; het is ingewikkeld. (bron: BT global services)

Hier is ook waar “block” in blockchain naar voren komt. Om de paar minuten worden alle nieuwe veranderingen gebundeld in een blok, welke wordt beveiligd met cryptografie. Dit blok wordt — middels cryptografie — gekoppeld aan het vorige blok, welke weer is verbonden aan het blok daarvoor, etc. Dit creeërt een ijzersterk en eeuwig-groeiend register van wijzigingen in de databank. Des te langer deze “blok-ketting” is; des te moeilijker het wordt om te knoeien met de gegevens.

“Klinkt veelbelovend allemaal! Ik snap alleen nog niet hoe cryptomunten in dit verhaal passen… Waarom zou iemand in godsnaam duizenden euro’s betalen voor een bitcoin?”


bron: themerkle.com

Net zoals de “fiat valuta’s” die wij allemaal kennen en dagelijks gebruiken, zijn cryptomunten een ruilmiddel. Elke cryptovaluta kan geprogrammeerd worden om zijn eigen intrinsieke waarde te hebben binnen haar eigen netwerk. Je hebt bijvoorbeeld Ether (ETH) nodig om gebruik te kunnen maken van de rekenkracht van de Ethereum blockchain en banken hebben Lumens (XLM) nodig om gegevens uit te kunnen wisselen via de blockchain van Stellar. De hoeveelheid cryptomunten is ook programmeerbaar. In het geval van Bitcoin zullen er bijvoorbeeld nooit meer dan 21 miljoen bitcoins bestaan, waardoor sommigen het ook wel aanprijzen als “digitaal goud”.

Door een cryptovaluta te bezitten, ben je in zekere zin eigenaar van een deel van het achterliggende netwerk en kun je investeren in haar potentie. De marktwaarde van de meeste cryptovaluta’s zijn momenteel echter niet representatief voor de daadwerkelijke waarde van de projecten, omdat er enorm veel wordt gespeculeerd door handelaren. In een later artikel zal ik verder ingaan op cryptovaluta’s en het investeren hierin.

Wauw; je hebt het tot het einde volgehouden! Hopelijk helpt dit artikel je om de basisconcepten van blockchain technologie te begrijpen, want ik geloof oprecht dat deze technologie één van de drijvende transformatieve krachten binnen onze samenleving zal zijn. Ik hoor graag wat je van dit artikel vond; ookal is het alleen maar door op de “clap” knop hieronder te drukken.

Dit is het eerste artikel van een serie over blockchain technologie en cryptocurrencies. De komende weken zal ik schrijven over potentiele toepassingen en interessante projecten binnen het domein.

Mocht je vragen of onduidelijkheden hebben; voel je vrij om contact op te nemen. Ik help graag!

Peace and love.

Deniz

CPROP Progress Update: Product Re-Design

In recent weeks the CPROP team has held discussions with experts in the real estate space that have sharpened the thinking around CPROP’s go-to-market strategy. In turn, this has led to some exciting developments in how the CPROP product will be designed.

Real estate agents are the single largest customer demographic and we want to ensure our solution addresses their pain points. Despite the high price tags they pay for them, agents are simply not happy with existing collaboration SaaS platforms in the marketplace. Furthermore, there are few workflow management product offerings in the marketplace, and none of them has a dominant position.


Re-designed CPROP product to be more realtor and membership-focused

The re-designed product (shown above) will generate significant buzz within the industry and working with existing real estate portals is a powerful way to scale market penetration.

In light of the redesign of both the token structure and business model, the CPROP website has been entirely re-designed with fresh content and a new look. Check it out here.



CPROP Progress Update: Product Re-Design was originally published in CPROP on Medium, where people are continuing the conversation by highlighting and responding to this story.

CPROP Progress Update: Product Re-Design

In recent weeks the CPROP team has held discussions with experts in the real estate space that have sharpened the thinking around CPROP’s go-to-market strategy. In turn, this has led to some exciting developments in how the CPROP product will be designed.

Real estate agents are the single largest customer demographic and we want to ensure our solution addresses their pain points. Despite the high price tags they pay for them, agents are simply not happy with existing collaboration SaaS platforms in the marketplace. Furthermore, there are few workflow management product offerings in the marketplace, and none of them has a dominant position.


Re-designed CPROP product to be more realtor and membership-focused

The re-designed product (shown above) will generate significant buzz within the industry and working with existing real estate portals is a powerful way to scale market penetration.

In light of the redesign of both the token structure and business model, the CPROP website has been entirely re-designed with fresh content and a new look. Check it out here.



CPROP Progress Update: Product Re-Design was originally published in CPROP on Medium, where people are continuing the conversation by highlighting and responding to this story.

Bitcoin Won’t Back down as China Continues Its Offensive

This year saw Bitcoin break records, and it also saw one of its biggest supporters continue their clampdown efforts to aggressively regulate it.


As Bitcoin continues to grow in both popularity and price, terms like “clamping down” and “regulation” are getting thrown around more frequently by some countries.

Some of this may stem from fears that the cryptocurrency may replace their own controlled and centralized fiat currency. Some governments feel that crypto will pave the way for an increase in money laundering and other fraudulent activities financed by digital currency.

Where Is the Love, China?

One such country is China, who seem to have a love-hate relationship (currently set to hate) with Bitcoin. During their honeymoon phase, Chinese authorities were hesitant but accepted Bitcoin in all its decentralized glory. Investors in the country were looking forward to putting their money into something that wasn’t controlled by the iron fist of the country’s heavily regulated financial industry.

Excerpts from the MIT Technology Review state that, in 2013, more Bitcoin wallets were downloaded by computers located in China than in all of the countries in the rest of the world combined. That year also saw $35 million in Bitcoin being moved around the Chinese exchange on a daily basis. As of September this year, more than two thirds of bitcoins were mined in China.

In fact, there was a time that China encouraged mining, especially in areas where there was a surplus of hydroelectric power. Even though China seems to be calling a timeout on their Bitcoin relationship, the mining sector didn’t get the memo, resulting in concern that the country will have too much power over this and blockchain technology.

Bitcoin did, however, offer a way for its holders to sidestep the country’s strict capital controls. China’s concern at how much of their currency was leaving the country resulted in them setting a limit of $50,000 worth of yuan outflow per person per year. With Bitcoin, holders could buy the crypto in yuan, sell it on a US exchange and then withdraw the dollars. China attempted to stop this by prohibiting financial institutions from transacting with Bitcoin exchanges.

However, Bitcoin fever had taken root, and holders found a loophole around this. They used vouchers to buy the currency on exchanges and even sent money to the personal bank accounts of exchange employees. These exchanges would also get their turn on the chopping block, but we’ll get to that.

Bitcoin’s popularity continued to grow throughout the world, and especially in China. In fact, last year saw most of the world’s Bitcoin trades being in yuan. Then 2017 happened. From the beginning of this year, the currency has grown by over 1000%, really turning up the heat for regulation-happy countries.

2017: China’s Year of Regulation

September this year saw China step up their regulation, or perhaps clampdown, game by banning ICOs in the country. This move may have caused anger in the hearts of crypto enthusiasts, yet the country’s own crypto community took it in stride.

China did seem to have a good reason though. Technology Review reports that the consensus was that nearly 90% of ICOs in China were run by fraudsters. Because Bitcoin interest was running high, everyone wanted to get in on the action, including inexperienced investors. Easy pickings for ICO scammers.

Da Hongfei, founder of NEO, which is also known as the ‘Chinese Ethereum,’ understood the ban. This understanding came after driving on Germany’s famous Autobahn, a highway system in Germany that has no speed limit. He says driving here is possible as:

They have good-quality roads, they have a very strict test for a driver’s license. Everybody is obeying the traffic rules, and they have very good-quality cars.

He added:

If we don’t do a speed limit in China, or even maybe the United States, that would be a disaster.

This would be a great comparison, if China’s actions didn’t essentially close the ICO highway. Perhaps it could be a temporary ban as the country works on regulating the process. This is a sentiment shared by industry experts.

Lu Bin, CEO of Shanghai-based startup, Andui, held his ICO in August this year and raised more than $20 million. However, all of that money had to be returned once the ban was in effect. Surprisingly, Bin took the same stance as the authorities and felt that the ban was more of a protective measure against fraud. He is now raising capital through private investment and is optimistic about the future of crypto in China. He said:

We are believers. We believe the Chinese market is eventually going to open.

He added that if cryptocurrency reaches its goal of mainstream adoption, China would not want to miss that particular train.

The US Securities and Exchange Commission (SEC) will be applying their own regulations by possibly enforcing start-ups to register with the SEC before conducting their ICOs.

Exchanges: You’re Next

Next in the line of regulatory fire by Chinese authorities were exchanges. Bobby Lee, CEO of BTCC, which is China’s longest running exchange, knew that the end was nigh, especially after authorities explicitly stated that exchanges needed to close. As with most people in China’s crypto community, Lee took it quite calmly. He thought:

Ah, finally, the party’s over. The party has to end sometime.

However, the allure of Bitcoin is one that cannot be denied. Crypto enthusiasts found a loophole around this ban as well. Currency holders have turned to decentralized peer-to-peer trading marketplaces. One such platform, LocalBitcoins, has seen a massive surge in yuan transactions, with the last week of November seeing nearly ¥140,000 traded.

Holders have also started trading on the Telegram messaging app. Even though said app is blocked in the country, it can be accessed through VPNs. Overseas-based exchanges are also an option, as is using the WeChat messaging app, even though the latter is monitored by authorities.

Blockchain Without the Bitcoin

China is, however, well aware of the benefits of blockchain, the technology supporting Bitcoin and other cryptocurrencies. Ben Koo, an engineering professor at Tsinghua University, had this to say:

The central government wants to use blockchain to ensure the trustworthiness of public and administrative data, but they don’t want people to print their own money.

China may have hopes of launching their own virtual currency in a bid to replace Bitcoin. However, according to Bobby Lee, it would be a completely different animal than Bitcoin. He went on to add:

It’s going to be a controlled, centralized currency that happens to be digital; it happens to have some encryption technologies in it.

According to Lee, if it will be controlled by the same regulations as the country’s fiat currency, then it won’t be truly free, unlike Bitcoin.

China’s Attempts Have Not Ended Bitcoin

After the country’s ICO ban, the price of Bitcoin did drop. However, it has more than recovered in the interim. It reached the $20,000 mark on some exchanges. It seems to have a knack for getting back up, with a vengeance, after it’s been knocked down.

In a way, the fact that China deemed Bitcoin worthy of any type of regulation may have worked in the currency’s favor. Yan Chen, CEO of NBL, a service for storing cryptocurrency wallets, had this to say:

When China started regulating Bitcoin, it sent a message that China takes this currency very seriously. The market sees that Bitcoin is something that governments are afraid of, so it must be really powerful.

It does seem as if all of China’s efforts to control the currency has been in vain, probably due to the fact that by its very nature, it cannot be controlled. Bobby Lee added:

Bitcoin itself did not break after China banned it. Every time you try to whack Bitcoin and it doesn’t die, it becomes stronger.

Perhaps the next step for China should be to follow the example of Japan and support Bitcoin as a legal tender. Or, they can continue to believe that the currency is dying while the rest of the world hops on that very lucrative Bitcoin bandwagon.

Do you think that China will continue its crypto crackdown? Do you think it will make a difference to the popularity of virtual currencies? Let us know in the comments below!


Images courtesy of Pixabay and Bitcoinist archives.

The post Bitcoin Won’t Back down as China Continues Its Offensive appeared first on Bitcoinist.com.

HealthHeart CEO: ‘With the Promise of Blockchain Tech, I Decided to Stop Complaining and Work to Improve Healthcare’

Bitcoinist sat down with HealthHeart CEO Mark Rudnitsky to discuss how his company is revolutionizing the way Electronic Health Records (EHR) are kept. Through storing EHR on the blockchain, with a development focus on health care providers themselves, HealthHeart aims to help make patient records both secure and flexible enough to meet the demands of the cutting edge developments being made in holistic healthcare.


HealthHeart CEO Mark Rudnitsky

HealthHeart CEO Mark Rudnitsky

Bitcoinist: What is your experience within in the EHR industry?
MR: I worked for Epic Systems Corp directly after getting my Master’s degree from Georgetown. While there, I was a member of the Chronicles database team, which was responsible for maintaining the integrity of the patient records we stored. I also worked closely with the Resolute Hospital Billing team and participated in several go-lives and upgrades for our customers.

Bitcoinist: What made you decide to develop HealthHeart?
MR: I wasn’t – and still am not – happy with the lack of security built into most EHRs. Epic’s security team was excellent, but when dealing with millions of lines of 40+ year old code, there’s only so much they could do. So many security vulnerabilities and bugs existed in critical code that I was shocked Epic wasn’t regularly sued for their part in breaches and data theft. Security through obscurity isn’t good enough when patients’ lives are on the line. With the promise of blockchain tech, I finally decided to stop complaining about it and actually work to improve healthcare.

Bitcoinist: What are the biggest shortcomings with the current crop of traditional EHR offerings?
MR: Security, like I mentioned above, is horrible throughout the industry. The deluge of news regarding patient data breaches and ransomware attacks makes that obvious. Beyond that, EHRs tend to be bloated, providing too much functionality, to the point where something as simple as printing a document can take 10 clicks. I remember that before a customer site visit, the customer liaison always made a point of reminding us to always teach customers about new shortcuts or ways to navigate through the software. That always struck me as odd – if your software was actually intuitive and easy to use, why did I keep having to keep re-teaching experienced users the most basic of functionality?

Bitcoinist: How is HealthHeart different than traditional EHRs?
MR: Besides the security benefits of the blockchain, we’ve made sure to engage medical professionals in the design and building of our software from day one. They have the final say in what workflows are most useful, what we should focus on in our next dev cycle, even what color we use on a given screen. This software is by them, for them. Other companies have medical teams, but never before has an EHR been built from the ground up with such input from real providers. Finally, our software is cheaper to implement by a wide margin, making it affordable for all but the smallest clinics.

Bitcoinist: Is HealthHeart HIPAA-compliant?
MR: Of course! There are certain features we’re building that aren’t, such as interacting with patients on social media of their choosing, but we’re actively working on ways to either make that data HIPAA compliant or to avoid any disclosure of sensitive information.

Bitcoinist: How will HealthHeart benefit healthcare providers?
MR: By making software that puts the provider first, we actively encourage providers to integrate our EHR seamlessly into their daily work. We’re not developing a product and saying “Hey, you need to use this as-is”, like certain other companies. It’s designed around their specific workflows. What they need is exactly where they need it, when they need it. That’s something that’s never been done on such a massive scale, before us.

Bitcoinist: How will HealthHeart improve patient care?
MR: If providers help design our software, it’s intuitive for them to use. They know it like the back of their hand, which means less errant clicks and mistakes. Providers don’t have to spend as much time learning software as before, which means there’s more time to take care of patients. The patient record is intact and immutable, so that means patients will never have part of their record go missing, or have incomplete histories. Behaviors that could harm patients, such as drug-seeking behavior, doctor shopping, and failure to abide by medical advice, are all noted in the blockchain and visible to providers so that appropriate steps can be taken to help them.

Bitcoinist: You actively consult with an advisory board of healthcare providers – can you tell us more about that?
MR: We’ve been engaging with practicing medical professional since the beginning. They steer the design of our software, telling us what works, what doesn’t, what’s missing, and other invaluable feedback. We show them everything – mock-ups and demos, papers and documentation. Nothing is hidden from them since the HealthHeart EHR is for them. We can’t improve without their feedback, so we try to be as transparent as possible and implement as many changes as they recommend.

Bitcoinist: At a time when investors are looking for more than just a concept, will you be providing a working demo of the platform?
MR: We hope to have a full working alpha build in the first half of 2018. Of course, development schedules being what they are, we can’t give a more specific time than that. We’ll actively be posting updates on social media, and hope to have at least a video demo online shortly.

Bitcoinist: What future features/integrations are you planning for your platform?
MR: Right now, we’ve seen a lot of interest from podiatrists, so we expect to work closely with podiatrists we know to build custom-tailored modules for podiatry work. Due to some feedback from an orthodontist we know, we also hope to spend time developing integrated 3D modeling functionality into our software. We’re even working on a module for smart tattoos! There’s a lot of functionality we want to build, so just keep following our project and we’ll make it public as we do it!

Are you confident in your health provider’s record keeping? Would you be more confident if they were managed on the blockchain?  Let us know in the comments below.


Images courtesy of HealthHeart, Shutterstock

The post HealthHeart CEO: ‘With the Promise of Blockchain Tech, I Decided to Stop Complaining and Work to Improve Healthcare’ appeared first on Bitcoinist.com.

What is the M1 Payments Corridor?

The M1 Payments Corridor is an initiative that was identified by The Mill Enterprise Hub, Drogheda in 2015. The cluster of a number of payments service companies within the North-East region was identified as a strength within the Government’s Regional Action Plan.

The M1 Payments Corridor extends from the existing IFSC in Dublin and facilitate clustering of established and new payments companies engaged in innovation in the region, and supported by the region’s academic institutions (DKITDCU).

By linking in with cross-border stakeholders, the Corridor would directly benefit the Border region as it provides a natural stepping stone from the IFSC, via M1, up to Belfast and its financial services businesses.

Also, the Corridor can be used to:

  • Encourage Innovation / Startups in the payments sector,
  • Provide opportunities to collaborate with foreign direct investment and larger indigenous companies,
  • Avail of EU Funding to facilitate innovation & growth of Payment firms,
  • Showcase Ireland taking the lead in rapidly-expanding sector

What is the National ePayments Conference?

This year’s e-Payments Conference will focus on driving Ireland as the EU Gateway for

Payment firms. It takes place on Friday, 2 September 2016 from 09:00 to 15:00 at the CityNorth Hotel & Conference Centre, M1 Exit 7, Gormanston, Co. Meath.

Among the topics due to be discussed include:

  • Find out how payments are changing and how that brings opportunity to your business
  • Listen to & meet leaders from PayPal, IBM, Vesta, IDA, Bank of Ireland & more
  • Learn more about how M1/ Drogheda could be the payments centre of Europe
  • Understand the opportunities & threats caused by Brexit

Guest speakers this year include Louise Phelan from PayPal, Michael Wassfuhr from the Atlanta-based Transaction Alley, and Minister Eoghan Murphy.

Keynote speaker will be world renowned FinTech expert and former Special Advisor to the White House on Economic Policy Chris Skinner.

GECKO and M1 Payments Corridor

GECKO Governance is delighted to be taking part in this year’s e-Payments Conference, and our CEO and co-founder Shane Brett will be speaking on a panel discussion about “Brexit: What does it mean for Ireland’s payments sector”.

Speaking ahead of the event, Brett said “ this is an ideal conference for GECKO Governance to be in attendance, as our company sits right on the M1 Payments Corridor, continuing our long association with DkIT and networking with other fintech companies in our region. Sharing and pooling the knowledge in the region can help expand our reach. Our solution will assist in the oversight of financial compliance and payment governance.”

MADnet Data: A Decentralized DMP

Solving Ad Tech’s Data Leakage Problem

The ad tech industry is broken in many ways. The most obvious is the “disappearing ad tech dollar” phenomenon, which results from the many intermediaries who separate advertisers from publishers.

Yet there is another deep flaw in ad tech: Data leakage. Data within the ad tech supply chain “leaks” in ways that benefit middlemen and harm advertisers and publishers.

This is the problem that MADnet Data, a decentralized data management platform within the MAD Network, is designed to solve.

Data and the Ad Tech Supply Chain

Data is central to ad tech. Advertisers use data to plan ad campaigns and determine which types of users to market to. Ad tech platforms rely on data to match ads with websites and other outlets. Publishers collect data that can help assess the effectiveness of ads and prove to advertisers that their adspend has paid off.

Yet the problem with data within the ad tech supply chain is that it is not always used to serve the interests of advertisers and publishers. These are the groups that most need data in order to operate efficiently and fairly, but their access to reliable data is curtailed by ad tech middlemen, who exploit data leakage in ways that harm advertisers and publishers.

There are many sources of data leakage, and the technical mechanisms that enable ad tech intermediaries to benefit from leaked data are not always clear, because most existing ad tech platforms are proprietary and, therefore, impossible for outsiders to monitor.

However, in all cases of data leakage, advertisers and publishers suffer because the value in the data that they acquire when leaked is sold to competitors, consequently diluting its value.

Data Leakage Example: Advertising Glasses

As an example, consider what would happen if a web user visits a LensCrafters website. An ad tech platform knows about the visit because it tracks the online activity of the user. The platform uses the visit to deduce that the user is interested in purchasing new glasses.

Given this information, the ad tech platform might go on to display ads for Warby Parker glasses to the user the next time he logs into Facebook.

In effect, data that originated from the LensCrafters website was leaked to an ad tech platform, which used the data to serve ads for a LensCrafters competitor.

The only real beneficiary in this scenario is the ad tech company that serves ads. It is able to use leaked data to serve more ads. Warby Parker also benefits in the short term from the advertisements, but because the same type of data leakage could be used against it, there is no durable benefit for either eyeglass company.

Breaking the Data Leakage Cycle with MADnet Data

MADnet Data is designed with this sort of scenario in mind.

MADnet Data is a decentralized data management platform that is being built as part of the MAD Network. MADnet Data’s core functionality will consist of capturing data from the MAD Network and allowing peers on the network to exchange it.

What makes MADnet Data different from traditional ad tech data collection practices is that, on MADnet Data, data is exchanged in a secure and transparent way.

Because all of the data on the MAD Network is recorded on the blockchain in read-only fashion, it is virtually impossible for members of the network to hide the existence of data or manipulate it.

In addition, by encrypting the data, MADnet Data ensures that if information is leaked from a data source, it cannot be used by a third party without that party’s consent, because the data would not be viewable without the right encryption keys.

Thus, in the example above, if LensCrafters adopted MAD Network as its ad tech solution, data about its web traffic could not be used to deliver ads for a competitor’s products, unless LensCrafters had agreed to allow its data to be used in such a way.

In short, MADnet Data prevents data leakage by enabling advertisers to retain ownership of their data and maintain visibility into how their data is used within advertising campaigns.

MADnet Data and Publishers

MADnet Data also provides a distinct advantage to content publishers. It allows them to generate additional revenue by collecting data about ad’s performance — such as the number of times a digital ad was viewed or where viewers were located — and sell that data to advertisers in a direct, transparent and secure way.

Traditionally, this has not been possible. In most cases today, ad tech middlemen collect data about ad performance, then sell it to advertisers. The advertisers obtain the data at a high markup, and the data may be modified before it reaches them.

With MADnet Data, however, a website owner can sell relevant data directly to advertisers. The website owner will earn more money from the data because no revenue is lost to middlemen, and the advertiser benefits from less expensive, more reliable data.

Making data leakage within the ad tech industry a thing of the past is a core part of MAD Network’s mission. When development of MADnet Data is complete, advertisers and publishers will enjoy the ability to share data across a decentralized network in a way that restores full value of the data to them, while eliminating the need for middlemen to manage the data.

We’re Giving Away Free MADtoken!

We recently announced the MAD Network Free Sale, a new bounty program designed to increase our community engagement. Community members can reserve $50 worth of MADtoken by registering on CoinCart.

Join us on Telegram, Twitter, subscribe to our newsletter and read our white paper!



MADnet Data: A Decentralized DMP was originally published in MAD Network on Medium, where people are continuing the conversation by highlighting and responding to this story.

Introducing, The Ethereum-Token Splitter


YOU GET A MICHAEL KEATON! YOU GET A MICHAEL KEATON!

Let’s face it. There are just some aspects to working with crytocurrency that require too much manual labor. This is especially true when you are trying to tokenize your own venture. Whitelists, airdrops, token sales — these are all young concepts in a blooming industry. It’s rare to find an ICO that isn’t running a campaign for an assortment of token bounties. While these concepts can be detrimental to the success of a cryptocurrency venture, the cost of overhead in manually managing these campaigns often requires many moving pieces.

We are hoping that by releasing this interface, we can help alleviate some of the points of failure in scaling with existing systems of distribution.

Lalena’s Token Splitter is a utility interface and tool to minimize human error in the distribution of any ERC20 or ERC223 tokens from one to many.

You start by entering the address of the token contract you would like to transfer. The app will fetch basic information about the token and tell you your current balance on MetaMask.

Instead of manually transferring from one address to another, you are able to copy and paste a list directly from your spreadsheet into a field in the Splitter. The addresses will be validated and have the option to be individually transferred below along with a field to determine how much you would like to transfer. However, the quickest way to distribution is to click “Transfer All” and have the application roll all the transactions into MetaMask for verification.


Addresses are verified as they are entered into the field

Once signed by MetaMask, all the transfers will be delivered to the addresses you’ve entered and the token amount will be split equally among them!

Since this is being released as a “public beta”, we will be adding new permutations to the splitter app that will allow users to transfer any ethereum based token in any fashion they want.

Eventually, this decentralized application will be open sourced and have its code available to the public on Lalena’s Github account!


The token splitter being built

We will also be changing the status of the project to “private beta” that will be exclusive to Lalena members in the future. In other words, you will have to hold an amount of LLA to unlock the Token Splitter in the future.

But don’t worry! Just sign up with our membership system and await our next round of distribution which will allow early adopters access to the Token Splitter.

Try Out The Token Splitter Now!

Introducing, The Ethereum-Token Splitter


YOU GET A MICHAEL KEATON! YOU GET A MICHAEL KEATON!

Let’s face it. There are just some aspects to working with crytocurrency that require too much manual labor. This is especially true when you are trying to tokenize your own venture. Whitelists, airdrops, token sales — these are all young concepts in a blooming industry. It’s rare to find an ICO that isn’t running a campaign for an assortment of token bounties. While these concepts can be detrimental to the success of a cryptocurrency venture, the cost of overhead in manually managing these campaigns often requires many moving pieces.

We are hoping that by releasing this interface, we can help alleviate some of the points of failure in scaling with existing systems of distribution.

Lalena’s Token Splitter is a utility interface and tool to minimize human error in the distribution of any ERC20 or ERC223 tokens from one to many.

You start by entering the address of the token contract you would like to transfer. The app will fetch basic information about the token and tell you your current balance on MetaMask.

Instead of manually transferring from one address to another, you are able to copy and paste a list directly from your spreadsheet into a field in the Splitter. The addresses will be validated and have the option to be individually transferred below along with a field to determine how much you would like to transfer. However, the quickest way to distribution is to click “Transfer All” and have the application roll all the transactions into MetaMask for verification.


Addresses are verified as they are entered into the field

Once signed by MetaMask, all the transfers will be delivered to the addresses you’ve entered and the token amount will be split equally among them!

Since this is being released as a “public beta”, we will be adding new permutations to the splitter app that will allow users to transfer any ethereum based token in any fashion they want.

Eventually, this decentralized application will be open sourced and have its code available to the public on Lalena’s Github account!


The token splitter being built

We will also be changing the status of the project to “private beta” that will be exclusive to Lalena members in the future. In other words, you will have to hold an amount of LLA to unlock the Token Splitter in the future.

But don’t worry! Just sign up with our membership system and await our next round of distribution which will allow early adopters access to the Token Splitter.

Try Out The Token Splitter Now!

Native Video Box Aims High with Video Advertising ICO

Going up against YouTube may seem like a fool’s errand, but even if the video giants control 95% of the market worldwide, the remaining 5% can still be an attractive market. An up and coming company from Russia has set its sights on this (and maybe more), using blockchain technology and cryptocurrency to sound out the possible future of internet advertising.

Native Video Box resembles YouTube in the same way that cryptocurrencies resemble traditional banks. It is an independent native video platform with a native ecosystem approach to advertising. In the current advertising industry, up to 70% of advertisers’ money is taken by intermediaries before it reaches the publisher. Today, with cutting-edge technologies of programmatic advertising, blockchain and tokenization, NVB has a chance to change the way the game is played.

In contrast to traditional services, NVB gives 75% of its advertising revenues to those who truly create content and deliver it to the viewer: the owners of video content (15%) and website owners (60%). Alexander Shishov, NVB founder and CEO, says “All of this gives our network an enormous advantage of organic growth, attracting the best platforms and licensed video content for a reasonable fee, which will thus be very attractive to advertisers.”

Native Video Box (NVB) was originally launched in Russia in early 2016 as a native video platform for websites with editorial content. They have since developed an MVP with machine learning that has acquired local business traction and are now refactoring the project to go global and implement blockchain as a cutting-edge adtech service. Its marketing and development team remains based in Moscow, but, as Shishov says, “the rest are spread out all over the world – just like our platform.”

A key advantage that NVB has over native advertising systems such as Taboola and Outbrain is their selection, based on machine learning, of video that is 100% relevant to the content of the page (and not to the user, in contrast to a service like YouTube) and a proprietary brand safety algorithm.

An advantage over systems such as Plista and Engageya (which are also partially oriented to monetizing through video advertising) is the large selection of inexpensive and relevant videos, due to NVB’s close cooperation with video bloggers and content creators.

Mr. Shishov remarks, “We don’t have direct competitors: for now, we are the sole platform that offers a turnkey solution for making money on video advertising for sites that don’t have sufficient quantities of their own video content in. Video bloggers are also given the chance with a single click to distribute their videos beyond the audience of the normal video hosting sites, and make a good income doing so.”

NVB is currently working towards the launch of an ICO on December 15. The ICO will offer an ERC-20 product token, which does not burn up by default on use; however, NVB reserves the right to burn up to 100% of the tokens that it receives in payment to service the operation of the system. The ICO has a hard cap of $15 million ($500,000 for the pre-ICO and $14.5 million for the main stage of the ICO).

The NVB token is an internal currency: all transactions among system participants are carried out exclusively in tokens. To buy advertising views, advertisers will have to acquire NVB tokens. Because NVB tokens are a cryptocurrency, they are a simple way to make payments to each individual blogger or site in any country worldwide, which solves the issue of regulatory documentation or settling financial claims, and also the problem of the high commissions of fiat banks (for currency exchange).

The pre-sale of tokens starts December 1 and runs to December 15, in two phases: in the first phase (December 1-5), the minimum for participation is $5,000. A 50% discount will be given to early backers, where 1 NVB token is equal to $0.50 rather than $1.00. In the second phase (December 6-15), minimum purchase will be $1,000.  At this stage, a 25% discount will be available, where 1 NVB token is equal to $0.75 rather than $1.00.

After this, the main body of the ICO starts December 16 and will run to February 1, 2018.

NVB is being advised by ICOBox, the global leader in the ICO market. ICOBox founder Mike Raitsyn calls NVB “a unique, intriguing project, which should greatly benefit from the opportunities afforded by its ICO. An ICO represents an opportunity to really get a project going, to bring a certain kind of conceptual model to life. Startups can be at various stages when they make their ICOs; some have already completed part of the project, others have only a great idea and huge ambitions.”

Nikki Stewart, founder of CSCC Media, a media marketing professional with more than a decade’s experience in digital media and internet communications, comments that “Native Video Box brings together the most cutting-edge video ad technologies in an entirely new ecosystem, created to benefit publishers and content creators.”

For more information, see the NVB website.

The post Native Video Box Aims High with Video Advertising ICO appeared first on NEWSBTC.

AMA from today (Nov.

AMA from today (Nov. 24th)! Zeepin, the Distributed creative new economy, the first cultural and creative industrial project in the NEO ecosystem!

Hi all!
Welcome to Zeepin’s first-ever AMA. We will start to take questions from 4pm (UTC) on Friday, Nov. 23rd to 3:59pm (UTC) on Tuesday, Nov. 28th. Questions will be collected and answered after the AMA has finished and the AMA summary will be published on Wednesday, Nov. 29th.

About Zeepin

Zeepin, a decentralized innovation community, is committed to developing a transaction and investment platform for the global creative industry, and incubating a large number of self-governing for-profit creative organizations.

As a result, Zeepin hopes to create a fair and efficient creative ecosystem, which is a public facility in the blockchain field and has various kinds of dApps can solve the problems related to the protection of innovation copyright, remote cooperation, talent recruitment, and project financing.

We help innovators to change the world in an easier and more comfortable way. For more information, please visit our official website: zeepin!

Note:

  1. Please do not reply the questions raised by other users.
  2. Try to be precise with your questions.
  3. You can vote “up” or “down” for the questions according to your interest.
  4. Each post should have no more than two questions.

AMA:https://redd.it/7f94vs

AMA HOST

Zhu Fei

Founder & Chief Executive Officer

Director of Shanghai Top Young Creative Talents Association and Shanghai Industrial Design Association. Created a creative community with over 1.2 million designer users and successfully served more than 200 creative projects.

Shenbi Xu

Co-Founder & Chief Strategy Officer

Devoted to the blockchain application research in the creative sector, main designer of ZeeRights business procedure.

Jason Xu

Senior Developer

Responsible for deployment and optimization of distributed applications, and carried out certain research on data structure, asymmetric encryption, security protocol, and encryption algorithm.

Still Don’t Know What Bitcoin is? Here’s What You Need to Know

What do Jamie Dimon, two large pizzas, and North Korea share in common? The answer is neither world domination nor a lack of mozzarella. Rather… enter Bitcoin, a digital currency that involves the CEO of JP Morgan Chase, two very expensive pizzas, North Korea’s nuclear arms, and much much more.

What exactly is Bitcoin? The term is used abundantly in the finance section of the news, yet ‘Bitcoin’ remains as cryptic as the Russian scandal, and as complex as the Targaryen family tree. To start, Bitcoin doesn’t actually exist in tangible form. Yes, there are physical collectible tokens, such as the Casascius coin and the Satori coin. However, the majority of Bitcoins are traded online via “the blockchain,” an extensive ledger that records every transaction in chronological sequence. First mentioned in a white paper written by Satoshi Nakamoto in 2008, blockchain technology shares transaction records through a peer-to-peer network. This growing, public ledger not only digitizes currency but also decentralizes it.

Consequently, Bitcoin is a form of digital currency that completely circumvents bank or government regulation. Users can create new Bitcoin by “mining,” or solving complex mathematical proofs. In order to preserve the value of Bitcoin, the original creator(s) have capped the total amount of possible mined coins at 21 million.

Since the launch of the first ‘Genesis’ block in 2009, Bitcoin’s value has skyrocketed. That same year, the currency was valued at 1,309 BTC for one US dollar. By October 2017 the digital currency was worth over $5,000. In other words, two Papa John’s pizzas bought with Bitcoins in 2010 for $25, are worth over $20 million by 2017. But the advantages of buying and using Bitcoin go beyond speculation, as the blockchain technology behind it allows many types of transactions to be processed with minimal friction. Hence, many have jumped aboard the train not only for investing matters but also for the secure and efficient transfer of data.

Of course naysayers have also joined the caravan. Since its birth in 2008 Bitcoin has faced wave after wave of criticism from prominent voices. While some leaders such as Bill Gates have switched stances to now favor the cryptocurrency, others like Jamie Dimon remain adamant that Bitcoin will collapse, comparing the cryptocurrency frenzy to the Dutch Tulip Mania of the 1600s. In addition China has banned initial coin offerings, and North Korea is suspected of mining coins to finance Kim Jong Un’s brutal and isolated regime.

Regardless of where you sit in this debate, the technology underlying Bitcoin is highly effective, possibly revolutionary, and definitely disruptive. So if you haven’t been keeping up with blockchain developments don’t despair, you have come to the right place. Keep up with this series for more updates and information on the topic. Let me know in the comments section what you think of this whole bitcoin mania. I’d love to hear from you.

Still Don’t Know What Bitcoin is? Here’s What You Need to Know

What do Jamie Dimon, two large pizzas, and North Korea share in common? The answer is neither world domination nor a lack of mozzarella. Rather… enter Bitcoin, a digital currency that involves the CEO of JP Morgan Chase, two very expensive pizzas, North Korea’s nuclear arms, and much much more.

What exactly is Bitcoin? The term is used abundantly in the finance section of the news, yet ‘Bitcoin’ remains as cryptic as the Russian scandal, and as complex as the Targaryen family tree. To start, Bitcoin doesn’t actually exist in tangible form. Yes, there are physical collectible tokens, such as the Casascius coin and the Satori coin. However, the majority of Bitcoins are traded online via “the blockchain,” an extensive ledger that records every transaction in chronological sequence. First mentioned in a white paper written by Satoshi Nakamoto in 2008, blockchain technology shares transaction records through a peer-to-peer network. This growing, public ledger not only digitizes currency but also decentralizes it.

Consequently, Bitcoin is a form of digital currency that completely circumvents bank or government regulation. Users can create new Bitcoin by “mining,” or solving complex mathematical proofs. In order to preserve the value of Bitcoin, the original creator(s) have capped the total amount of possible mined coins at 21 million.

Since the launch of the first ‘Genesis’ block in 2009, Bitcoin’s value has skyrocketed. That same year, the currency was valued at 1,309 BTC for one US dollar. By October 2017 the digital currency was worth over $5,000. In other words, two Papa John’s pizzas bought with Bitcoins in 2010 for $25, are worth over $20 million by 2017. But the advantages of buying and using Bitcoin go beyond speculation, as the blockchain technology behind it allows many types of transactions to be processed with minimal friction. Hence, many have jumped aboard the train not only for investing matters but also for the secure and efficient transfer of data.

Of course naysayers have also joined the caravan. Since its birth in 2008 Bitcoin has faced wave after wave of criticism from prominent voices. While some leaders such as Bill Gates have switched stances to now favor the cryptocurrency, others like Jamie Dimon remain adamant that Bitcoin will collapse, comparing the cryptocurrency frenzy to the Dutch Tulip Mania of the 1600s. In addition China has banned initial coin offerings, and North Korea is suspected of mining coins to finance Kim Jong Un’s brutal and isolated regime.

Regardless of where you sit in this debate, the technology underlying Bitcoin is highly effective, possibly revolutionary, and definitely disruptive. So if you haven’t been keeping up with blockchain developments don’t despair, you have come to the right place. Keep up with this series for more updates and information on the topic. Let me know in the comments section what you think of this whole bitcoin mania. I’d love to hear from you.

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