Artisan offline wallet for Bitcoin ... - Kickstarter
Artisan offline wallet for Bitcoin ... - Kickstarter
Kickstarter campaign to feature three-tier Bitcoin wallet ...
BitStash Three-Tier Bitcoin Hardware Wallet Will Seek ...
KICKSTARTER - CryptoCard by MasterCoin - A Physical Wallet ...
KICKSTARTER - CryptoCard by MasterCoin - A Physical Wallet ...
AMA Recap of CEO and Co-founder of Chromia, Henrik Hjelte in the @binancenigeria Telegram group on 03/05/2020.
Interviewer: Moose Team Member: Michael Luckhoo Telegram channel AMA: https://t.me/CryptoGEMS_official Digitalbits Telegram: https://t.me/digitalbits Token ticker: XDB AMA: Interviewer: Q1 Looks like Libra is moving forward. Is this bullish or bearish for you? Michael Luckhoo: Definitely bullish. Firstly, this is further validation that brands like the Libra members including Facebook are embracing cryptocurrencies. That being said, not all enterprises have the internal technical capability like Facebook/Libra to build their own cryptocurrency internally. This is a massive market opportunity and the DigitalBits blockchain along with certain ecosystem participants are well positioned to support various brands with creating their own form of branded cryptocurrency on the DigitalBits blockchain. Interviewer: glad to hear that , Libra would probably become the biggest branded coin out there Michael Luckhoo: yes, but we can also help other brands to deploy their own and connect with others, such as Libra. Interviewer: most brand dont have the capability like libra to build their own Stablecoin , that lead us to the next question from a community member. Interviewer: Q2: I'm a business owner, I want a loyalty program. Why would $XDB be a solution for me ? Michael Luckhoo: Businesses imploring the use of a blockchain based loyalty systems can provide a number of benefits: deeper marketing intelligence into the consumer buying behaviour, greater connectivity to other brands on the network and access to other value-adds on the network for both program operators (brands) and their consumers. For branded cryptocurrencies that are also listed on secondary-markets / exchanges, there is also the potential for enhanced liquidity for that branded cryptocurrency when compared to the legacy form of that asset, and in turn increasing the potential for such a brand's reward to appear more desirable to certain consumers given the enhancement to utility. Interviewer: would it be easy for a client to reach you and setup the loyalty program? like a key in hand solution for new client ? Michael Luckhoo: Ultimately DigitalBits serves as the network layer to support this industry, therefore we are agnostic to which parties build on the network. As a result we are forming strong partnerships to become the application layer to support the on-boarding of such clients that wish to have a one-stop setup. These ecosystem partners are an integral part to develop a key-in-hand solution as you suggest. Stay tuned for some updates on this :wink: Interviewer: lovely ! your talking about forming partnership to become a easy step solution for new client ... with established partnerships with Pundi X, Kucoin - is Asia your primary market? Or you're going to develop other markets (Europe, North America, South America, Africa) at the same time? Michael Luckhoo: Asia is obviously a massive market, however, it is not the only market wherein enterprises are embracing the DigitalBits blockchain. North America and Europe are home to other companies already collaborating with the DigitalBits blockchain. Interviewer: i see you said companies with a (s) :grin: Michael Luckhoo: :wink: next question.. Interviewer: lets go to the 4th question then eheh Q4: Is there truth in Bittrex maybe adding XDB to their trading pairs? Michael Luckhoo: We cannot comment at this time specific to any future exchanges. However, we are routlinely contacted by exchanges…. Interviewer: gotcha , anyway i think Kucoin is a solid add to XDB and again congratz on this listing Michael Luckhoo: I think so too, thank you. Interviewer: The XDB roadmap is still not fully filled Q5:What are the time scales for the partnership announcements? Michael Luckhoo: As we have just commenced Q2, we have commenced partnership announcements with critical players that will support the industry of branded cryptocurrencies. Considering the news of the ECD service with KuCoin, each of these parties play a specific role in supporting DigitalBits, from procurement and liquidity (ECD), to custody solutions, business registries and payment operators. This ecosystem is able to provide brands with a wide range of support to launch their own branded currency. We are also actively supporting new ecosystem additions that will each play a role in expanding use of the DigitalBits blockchain, some of which will be announced shortly. Interviewer: Regarding the new partnership with Kucoin , what does it mean for XDB in term of volume / exposure / utility ? How can it affect the demande of the XDB token? Michael Luckhoo : We are obviously excited to see KuCoin launch their Enterprise Currency Desk (ECD) service and XDB to be one of the first to support this. The ECD may provide a host of benefits to the businesses in a more frictionless way, some of the benefits include: Ease of transaction for token procurement, Guidance on requirements for specific functions depending on the blockchain application, automated business function, similar to a subscription plan for the blockchain - businesses not only need the access to tokens for certain functions, they need a "refuel system" to guide them for the next batch and so forth in a cost-effective and seamless way. We cannot comment on expected volume that Kucoin's ECD will drive for XDB. That being said, any demand Kucoin creates in marketing its ECD service to enterprises is obviously positive exposure for DigitalBits and the XDB token. Interviewer: ease of transaction for token procurement .. it mean kucoin will buy the token for the client? Michael Luckhoo: yes, they can enact this type of service on the clients’ behalf. Interviewer: nice ! perfect so next question Q7 : Is Julie the CMO of walmart still working with you actively? Michael Luckhoo: yes, Julie continues to be a very active advisory board member. She is also engaged, through her role with another organization, in other aspects of the DigitalBits ecosystem that we cannot comment on at this time.. Interviewer: glad to hear she is still there actively , its a big name to have onboard ! Soo during your last AMA your team was talking about a client with 10 000 000user ... where will companies get the amount they need to create their loyalty program knowing it need 10xdb per wallet? Lets say the current one have 10m user , it need 100m XDB to make their program , where will they get that amount? Will it have any effect on the trading token? Michael Luckhoo: DigitalBits doesn’t have the obligation to supply consumer wallets with XDB tokens. Therefore, companies and their respective applications that are used by consumers will have the responsibility to ensure that their wallets have a sufficient amount of XDB tokens. With that being said, the company may source these tokens from the open-market and utilize services such as Kucoin's ECD to purchase XDB tokens. Interviewer: ah that make sense. hence why this partnership is so important ! So any new client could refer to kucoin EDC and get their amount for their user Michael Luckhoo: yes, they can. We hope to see other major exchanges explore concepts such as this as well in the future to induce a more business-centric approach to engaging with blockchain. Interviewer: I'll be more than happy to see Binance going this way... knowing CZ is constantly talking about Stablecoin its looking good ! Q9: What is the number 1 feature of XDB that will drive adoption? When is the peak of adoption as a guesstimate? Michael Luckhoo: Beyond technology features, the key to adoption is Execution. At the end of the day, its nice to have a product and/or a service that is viable, but ultimaltely the team and experience of a strong go-to-market strategy is what brings adoption. To date, many crypto projects have been lacking in this department. It’s hard to state when the peak of adoption will occur, but we are in the growth-stage of this industry as it would seem. The early adopter and the early majority being able to connect in this stage is what is key to bring adoption and signifies this stage as well, we refer to it as crossing the chasm. Interviewer: Its true , and most project depend on the crypto success ... however loyalty program are already a thing that hasn’t change a lot during past year Does the situation with the Covid19 affect the work of the XDB team ? Michael Luckhoo: Not at all, we are working very well remotely and still advocating the benefits of blockchain technology to support the consumer industry even more so now as consumers are even in heightened alert of how they spend, save and earn with the brand! Interviewer: Nice , as long as all of you guys stay safe so you keep these update coming in !! lest go to the next and sadly final question for this Ama ! à Q10: Bringing the masses to crypto instead of crypto to the masses"" Will we see this kickstart in 2020 or rather mid-longterm?" Michael Luckhoo: This is a pivotal year in crypto as we continue to see companies expand their interest in the space (Facebooks' Libra coin, to Bakkt's acquistion of Bridge2, Walmart patents surrounding Stablecoin). Blockchain cotninues to gain greater validation regardless of market conditions. We continue to be a voice advocating this along with major players in bringing the masses to crypto by using pathways already familiar to the average user via seamless integrations. The average new person in this case may first own a branded cryptocurrency as their first crypto vs it first being Bitcoin, which is a big leap forward. As mentioned, as we enter into an economic downturn, consumers will be on heightened alert to want to save and earn more rewards from brands. Therefore, we expect no slow down in the use cases for branded cryprocurrencies, including branded stablecoins. Please check out this interesting read: Bailouts, CBDCs and Branded Currencies Tangible Solutions Amidst Global Crisis: https://techbullion.com/bailouts-cbdcs-and-branded-currencies-tangible-solutions-amidst-global-crisis/ Interviewer: i will sure read this just after , its exciting to see these massive player getting into stablecoin in 2020 I know you guys dont have much time and again thank you for this AMA , i was wondering if you can drop us something for new potential investor , we are many here invested in XDB but some people here dont even know what it is ! Im just trying to flex more info here before it end 🙃 Michael Luckhoo: Thank you for all of your support Moose and I realize the tremendous support from your community. What I can say is that we have some major news coming in light within the upcoming months, this is not something that is recent, but rather what we have been working on for the past few years. As this seems to be the year that businesses are entering the space, it would not be unreasonable to hear a few big name companies of which will be announced this year.. I can’t say much more due to confidentiality agreements, but I can say that big-hitters are coming to crypto-town. Talk to you all soon 🙂
I started working with bitcoin when I was 21, left my Masters in CS from ETH Zurich and today I have a small crypto hardware company whose only goal is to truly enable mass adoption!
A couple years ago being just another computer geek, I earned my way into ETH Zurich to pursue an MS in CS and at this time was working simultaneously with a Swiss FinTech company that was using "blockchain" technology for their product. Long story short, falling down the crypto rabbit hole, I eventually left this job and my position as an AI research assistant and started working on this little device that is literally the next logical step in the bitcoin payments lifecycle. If mass adoption is to happen -
Anybody in the world, tech savvy or not needs to be able to use crypto as easy as using fiat currency, i.e. instantly and safely.
Stay in control of your funds at all times - not a bank, not an exchange and not some intermediary.
Hardware wallets solve point #2. I loved watching the development of the trezor and their success over the years but funnily enough I was also a drummer touring around Europe with a german band during this time and while going to a bunch of different countries that all had different currencies, me being from a "third-party" country had to convert money from my home country to whatever currency I needed and the rates/deposit time for this was ridiculous. Being an early adopter I still couldn't use crypto as a currency anywhere! My trezor just sat at "home?" keeping my crypto safe. This is exactly why I started working on lastbit. What started off as a simple hobby quickly turned into an elaborate plan and I left my Masters mid-way (Background: I'm Indian - trained to get straight A's all the time but never actually use any of that knowledge. Best decision ever, leaving uni) to work on this full time and over the last year built a few generations of prototypes, learnt how to do business and raised capital (The hard way)! (Building a company is hard, building a hardware company is exponentially harder!) All in all, I worked my ass off to build this little company, team, raise funds and now we're ready to slowly start rolling this out (lastbit.io). I've spent countless hours on crypto subs and it's about time the community started getting involved. No shitcoin, no bullshit, just pure love for all things complex. A very very very short example of the thought process behind this Example: I own 100 BTC. I store it on my ledgetrezor - 1.1 I would never take my ledger out with me casually for a stroll to the coffee shop, it's way too much of a risk. Instead my ledger sits in my drawer collecting dust but I trust my coins are safe at home. (lastbit - Leave your cold wallet long term storage funds at home on a secure encrypted micro-SD card. Take your "hot" but secure spending wallet anywhere - Hodler works wirelessly with a mobile app. NB: Both wallets are on secure elements! Example: Leave 99 BTC at home and take 1 BTC out with you. Worst case, lost your wallet? No problem, backup is at home or 6 different places around the world and nobody can crack your device). 1.1.1 Plus, why would you even take it out? Merchants are never going to buy a new POS terminal to accept bitcoin. Who accepts crypto? *(With this solution - Everyone. The Hodlers' aim is to work with ANY credit card machine in the world and you can pay with crypto without the merchant even realizing you paid with crypto.)* 184.108.40.206 Even if someone did accept crypto, is it feasible to pay with bitcoin today? Waiting 1 hour in line to buy coffee? *(With this solution - Instant transactions over LN)* Leave a comment or PM if you would want to support this, work with us or be a bigger part of this. Any help/feedback is appreciated. TLDR: Left prestigious Masters program to work on crypto project. Turned into company (lastbit.io). Can use help from the community to take this further. EDIT: Thanks for all the comments everyone, that was really quite an overwhelming response. Way more than I expected and a ton of constructive useful feedback from everyone here. Yes we need to work on branding, logo, explaining the project in simpler terms and the name of the device - Hodler clearly isn't the best idea. Some pretty cool suggestions, thanks again! Will continue to keep everyone who signed up, in the loop. As far as everybody asking about jobs/open positions go, we could use an experienced hardware/embedded systems engineer and/or a digital marketing person - We are exploring the possibility of a kickstarter to fund this after the minimal beta and I suppose marketing is imperative for a successful campaign.
Financial technology or fintech is an industry consisting of companies that use technology and innovation to compete with traditional financial organizations represented by banks and intermediaries in the financial services market. Currently, numerous technology startups as well as large established organizations that try to improve and optimize the financial services provided call themselves a part of fintech. Fintech is also the industry where companies use new financial technologies and solutions to compete with traditional financial organizations for the hearts and means of customers. They use their fintech tools to improve their services and conquer the market. https://preview.redd.it/38h0eatlqct41.png?width=1920&format=png&auto=webp&s=62ae64396a73e04bcf122d1c62b73ff37bb3bc7d For example, the Chinese WeChat is a suite of applications from Tencent Holding. This platform offers the “WeChat Payments” option. Its every 5th user (out of the overall 889 million monthly users) has his credit card linked to the platform and thus, has access to the Wallet, all commercial functions and trading accounts. This way, the users can pay for many offline and online goods and services with the help of their smartphone. Previously, fintech was perceived solely in the context of internal development of financial organizations. Now, it is as close as possible to the consumer of financial services, because it underlies all online transactions - from money transfers to utility bills. During several years of development of the fintech industry, now there are more than a dozen categories of fintech businesses: Personal finance - mobile and desktop applications from startups that help manage finances, analyze costs, receive forecasts of future expenses in the form of detailed reports. Payments are fintech tools that give access to basic financial services. Mobile Internet, smartphones and innovative approaches to financial transactions make it possible to provide access to financial payments even where there are no banking institutions. Lendingservices imply the possibility of lending without the participation of banks. Startups operate on the basis of distributed registries and help lenders and borrowers from the consumer and business sectors cooperate favorably. Money transfers - allow users to transfer money without the participation of banks. They use mobile platforms and simple authentication in their work. Here are some examples: Revolut, TransferWise, Klarna. Investment platforms - also called Wealthtech. They include advisor robots, digital brokers, micro investment platforms and personal finance management programs. They work on automation and market accessibility for retail investors. Security - companies in this area provide simpler and more reliable data processing for banks themselves: from customer authentication to measures of protection against fraudulent schemes. B2B fintech - a direction designed to solve the problems of mutual settlements and data exchange in business. It implies smart contracts based on blockchain technologies. Big Data Analysis - designed for advertising and PR agencies that have been using personal data in their activities for a long time, but needed a more systematic approach. RegTech is one of the most useful areas for business. Allows to automatically adapt a business to changes in legislation and market conditions. InsureTech - imply insurance offering automated products: mobile applications, payout automation, interaction in the field of the Internet. Artificial intelligence - this area is still underdeveloped. Still, all financial companies try to reduce staff costs and invest into automated technologies. Crowdfunding - creates platforms for collective financing, allows the creators of the product and investors to meet for further cooperation. The most popular are: Kickstarter and Indiegogo. Neobanks are the solution in the field of banking services. They are, most often, created in the form of mobile applications that replace the services of classic banks (examples: Monobank, Rocketbank). Cryptocurrencies are a type of digital currency that works without a central payment system, completely automated. It is mined using powerful computing systems. A lot of start-ups, exchanges and investment platforms are built on cryptocurrency investments, but financial experts cannot clearly see the future of this industry. Blockchain is a technology of distributed data registries. Each participant in its chain has its own server, confirming the legitimacy of the operations of other users. The technology is marked by reliability, also being the base of the Bitcoin.
Many expect BTC is currently forming a descending triangle pattern and approaching near the apex of the breakout. Interestingly, around the same time, Bakkt will launch its Daily/Monthly Bitcoin futures contract on 23rd Sept. Many assume today that interest among institutional investors is high for Bitcoin. What if Bakkt turns out to have a similar fate as VanEck SolidX Bitcoin Trust 144A Shares where only 1 basket (for 4 BTC) was purchased since its launch (5th Sept). As of now, the market is indecisive on which direction it will break. Another proposal suggest that current patterns have little to support the descending triangle argument and more like a descending channel pattern which may attempt to break out its upper boundaries soon, however, if bulls fail to break $10,900 resistance level, we may experience a long bear market to come where BTC prices may go as low as $6000. https://cryptopurview.com/altcoin-season-may-be-at-the-edge/ Comparison of both patterns. https://preview.redd.it/x4i58njvu6n31.png?width=624&format=png&auto=webp&s=8f5f59f1aa7f97206092f25b46efd6d7c871ad08 BTC drop may be a signal for the altcoin market. Currently, BTC dominance stands at 70% and based on technical signals, BTC dominance has complete 5-cycles of an impulse wave and may soon see a correction. In another indicator of the altcoin market cap, RSI levels suggest that altcoin is at oversold levels (26). An opportunity for buyers, as indicators suggest that the altcoin market could soon gain momentum from here. BTC dominance finishes an impulse wave. RSI at oversold levels https://preview.redd.it/dsk80ftyu6n31.png?width=624&format=png&auto=webp&s=e56ff10ae9a3f9ba32145a18575ce8849baec978 RSI indicates altcoin market cap at oversold levels This was recently apparent in the surge of ETH prices. While this is not convincing enough to indicate a trend reversal, the excitement comes from the interpretation that if Ether bottoms and reverses course, other ailing altcoins will follow suit. Traders remember December 2018 period where Ether kickstarted the rally and triggered the altcoin season. As per another indicator - Altcoin market cap, the Stoch RSI levels indicate that the RSI is near the extremes of its recent readings i.e. oversold level. Hopefully, altcoin dominance is at the edge of the upward trendline and could gain a healthy bounce from here. Stoch RSI for Altcoin marketcap at oversold levels Top Altcoins with greatest opportunity other than ETH: Disclaimer: The views and opinions expressed here are of the author. Every investment involves risk. You should conduct your own research when making a decision. (arranged in alphabetic order) > Atom Cosmos, a Tendermint BFT consensus that uses Proof-of-Stake. Recently Atom was selected by Coinbase for a future potential listing in Coinbase pro. Currently, Cosmos has 190 registered validators and on average has 100-120 active validators all the time and the main-net was launched in March 2019. Atom last week spiked most and continues its upward movement. > BAT The native token used in the ecosystem of Brave, A privacy-preserving browser that has more than 30 Million downloads (as per Google play stats). Currently, the team is planning to integrate BAT's own wallet which will allow users to seamlessly connect their Wallets with dApps. BAT team has also implemented a Twitter tip option and has partnered with the TAP network where BAT token can be used to buy goods/ services from 250,000 provides which includes hotel vouchers. BAT token was recently added to the list of Gemini custody services for new cryptocurrencies. > Harmony Launched recently in June 2019, Harmony has been the attention point of several influencers and is building one of the most advanced blockchain platforms. Recently, Lympo, a health-tracking dApp which has a partnership with Samsung decided to migrate from Ethereum to Harmony blockchain platform. Also, Harmony joint acquisition with Animoca brands of Quidd will be migrated to Harmony blockchain. Quidd has more than 7 Million digital asset collectors and hosts 60 Million collectibles. With this integration, it could build an endless opportunity for the blockchain gaming community. Along with Atom and Matic, Harmony was also selected by Coinbase for a potential future listing in Coinbase pro. Harmony also has one of the largest decentralized validator networks. In a very short time, Harmony attracted 360+ validators and has 800+ confirmed node validators in the pipeline. Together (external+pangaera sign-ups+internal) could grow to 2400 nodes. > Link A decentralized oracle, which brings data from real-world and stores in the blockchain. The ChainLink data can be used for building Defi projects or betting apps. For example, using ChainLink oracles, betting apps provide more transparency to their users. ChainLink recently partnered with Google and many blockchain projects are planning to integrate ChainLink oracles in their infrastructure, like, Harmony, Elrond. > Matic One of the biggest gainers in 2019. Matic uses plasma solution, as a side-chain to scale Ethereum. Coinbase ventures are one of the investors in the project. The project tech has shown interest from many dApp developers. Matic is also planning a side-chain solution for Bitcoin and other blockchain platforms. So, which ones you following......
r/Ethereum - I wrote this to explain Ethereum in depth to newbies. Please check for accuracy!
Hello ethereum - I'm currently in Singapore exploring all of the cool blockchain tech that's going on here. I'm also writing a blog that aims to explain blockchain technology simply to anyone whose interested. www.cryptoambit.com If you guys could spot check my Ethereum post for accuracy, I'd appreciate it. If you like it, would also appreciate some subscribers! Thanks By now, most people know Ethereum as the second most valuable cryptocurrency, currently valued at over $60 billion dollars. Well, it turns out that Ethereum isn't actually a cryptocurrency - it's a software platform that let's programmers build applications on top of blockchain technology. Within the ethereum platform, is a cryptocurrency called ether that is used to power applications built on the Ethereum blockchain. From Bitcoin to Ethereum Bitcoin uses a global network of computers that maintain a shared ledger called a blockchain that keeps track of who owns bitcoin. Once blockchain technology was introduced to the world, people realized that blockchains could be used to keep track of anything of value. In 2013, a 19 year old named Vitalik Buterin introduced the Ethereum white paper, which proposed an open source platform that would let programmers build blockchain applications that could facilitate the exchange of money, content, property, shares or anything of value. Much like with Satoshi Nakamoto's paper, Buterin's was met with widespread excitement from software developers around the world who began building toward the vision Buterin laid out. Much like Bitcoin, Ethereum isn't owned or controlled by any one person. Unlike Bitcoin, whose creator remains anonymous, Ethereum has a leader in Vitalik Buterin (pictured below). While Buterin doesn't control Ethereum in the way that a CEO does, his word carries tremendous weight in dictating the direction of the project - something that is considered a strength or a weakness, depending on who you ask. Smart Contracts The basic function that programs built on Ethereum perform are called smart contracts. Smart contracts are digital agreements that execute automatically based on real world data. An easy way to think of them is an "If-then statement." IF condition A exists, THEN perform function B. Let's say for example Grandma wants to make sure she never forgets to give Little Billy birthday money each year. She could write a smart contract that says IF it's Little Billy's birthday, THEN pay him $10 from Grandma's account. Once this contract is broadcast to the Ethereum network, it will execute automatically each year on Little Billy's birthday. Smart contracts have applications far beyond improving the reliability and efficiency of Grandmothers around the world. Another simple application of a smart contract is for rental payments: IF date = 1st of the month, THEN pay landlord rent amount. Processes that currently involve manual interactions between two parties can now be automated and the value can be moved in real time over the blockchain rather than settling days later as with traditional banking. A Real World Example Ethereum and smart contracts are a big deal because they have the ability to usher in what's been dubbed the "smart economy" - one in which slow manual processes prone to human error and deceit are replaced with automated processes that are completely transparent and trustworthy. A real world example that typifies the new "smart economy" is a project being run by a French insurance company called AXA. AXA offers a flight insurance product that pays out a policy holder in the event that a flight is delayed by two hours or more. It currently has a product in trial that will pay out insurance claims using smart contracts and the Ethereum blockchain. The smart contract is simple: IF flight is over two hours late, THEN pay policyholder. The smart contract is connected to a database that monitors flight times. If the database shows that the flight is over two hours late, the smart contract is triggered and the policyholder is paid automatically over the blockchain. Without the smart contract, the policyholder would have to file a claim and wait for the insurance company's claims department to process it, which could take anywhere from 1 to 2 weeks. With the smart contract, neither the insurance company nor the policyholder has to do anything. This also creates trust between the two parties because there are no grey areas - the customer can review the smart contract prior to purchasing the policy and feel comfortable that he will receive his claim in the event of a delay. Ethereum vs Ether As stated in the intro, Ethereum is a platform for building blockchain applications using smart contracts. What you may have just purchased on Coinbase is called Ether, which is the cryptocurrency that fuels the Ethereum network. Ether functions more like a digital commodity than a digital currency. Just like you need gasoline to fuel your car, you need Ether to run applications on the Ethereum blockchain. In the Grandmother example cited above, Grandma would have to purchase small amounts of Ether to fuel her smart contract that pays Little Billy his birthday money. The Ethereum blockchain functions in the same way as the Bitcoin blockchain: a network of computers run software that validates transactions through majority consensus. The people running these computers are called miners. Bitcoin miners are compensated for their resources by being paid in Bitcoin. Ethereum miners are compensated in Ether. On Little Billy's birthday, Grandma's ether transaction fee will go to whichever miner adds the block containing Grandma's transaction to the blockchain. That miner will also receive new Ether in the process. The same supply/demand economics that apply to commodities like oil and gas also apply to Ether. Oil is valuable because it powers many of the things we use in our everyday life - it heats our homes and fuels our engines. The more people and enterprises that rely on Ethereum based applications, the higher the demand will be for Ether which will increase its value. As with all cryptocurrencies, there's plenty of speculation baked into the price - speculation that the demand for Ether will increase in the future. Since Ether is valuable, exchangeable and transferable, certain merchants are also starting to accept it as a currency. dApps - Decentralized Apps Applications that run smart contracts on the Ethereum blockchain are called "dApps," or decentralized apps. Just as any app developer can build apps on top of Apple's IOS operating system, developers can build on top of Ethereum's blockchain infrastructure. To the end user of a dApp, it might not look and feel any different than the apps you use today. It's the underlying blockchain infrastructure that make them different. Since dApps function on top of the blockchain, they can be used to transfer value peer-to-peer. To return to our Grandmother example, there could be a dApp that Granny can download that lets her schedule Little Billy's birthday payments without having to code the smart contract herself. dApps are also completely open sourced so other people can access the code and build on top of them. Someone could take the code to the birthday payment dApp and add the ability for Grandma to add a note that says, "Happy Birthday Billy!" Running dApps on the blockchain also offers added security benefits. Since the transactions are distributed and encrypted across the Ethereum blockchain, there is no central place for a hacker to breach and gain access to all of the world's Grandmother to grandson birthday payment data. At this point, I'm really beating the GrandmotheLittle Billy example to death because I think it represents a simple illustration for the kinds of applications that can be built on the Ethereum blockchain. In reality, the dApps that are being built are much more complex. Here are a few examples:
Weifund - blockchain crowdfunding: Users can launch traditional crowdfunding campaigns, but through the use of smart contracts, backers can gain a financial stake in the project. If an indie film gets funded on Weifund, a backer who financed 10% of the project can collect 10% of the film's revenues. Payments will be issued in real time as the film generates revenue.
Ujo Music - Music licensing via the blockchain: An artist can create an original song and register it on Ujo's platform and set their own licensing terms. If a film producer wants to use that song in a movie, they can purchase the rights based on the terms set by the artist who will then get paid directly. This erases the need for industry middlemen like Warner Brothers who end up taking the lion's share of their artist's profits.
Virtue Poker - Online poker secured by the blockchain: At the height of it's popularity, online poker platforms like PokerStars were marred with issues that ranged from deck rigging to the abuse of player funds held by the company. Virtue Poker using Ethereum allows players to fund their bets directly, insuring that no central party can access and misappropriate player money. Their code is open sourced so that users can understand how hands are dealt, insuring that no one can rig the deck. Lastly, players are paid out their winnings in real time over the blockchain so no more waiting weeks for a check to come in the mail.
Ethereum Tokens So now that you understand that Ethereum is a network for building decentralized applications that require a cryptocurrency called Ether to run, I'm going to introduce a confusing concept. Many dApps built on Ethereum have their own cryptocurrencies or "tokens." In order to interact with the dApps, customers need to purchase the dApp's native token. Here's a helpful analogy I came across - when you go to a waterpark, you pay the admission fee and in return, you get a wristband. That wristband gives you the ability to ride the waterslides in the water park. With certain dApps, the token is the wristband, and a user must purchase it to interact with whatever the dApp offers. Let's take a dApp called Golem as an example. Golem lets people rent out their excess computing power to people who need it - kind of like a computer AirBnb. To cite this article from Laura Shin, if I'm a computer graphics artist that wants to render some kind of computationally intense animation, I can purchase Golem tokens that let me tap into the Golem network to generate my animation. I then pay the people who are renting me their computers with the Golem tokens. The Golem token is a form of smart contract and this transaction is recorded on the Ethereum blockchain. Since Golem tokens are also a cryptocurrency, they can be traded on the free market. If I'm a speculator who has no intention of using the Golem network to rent computing power, I can still buy the Golem token on an exchange in hopes that it appreciates in value. Like bitcoin, there is a fixed supply of Golem tokens so if the demand for the service increases, so will the value of the token. If I bought Golem at its original price of around 1 penny and held it to today, I would have made 35X my initial investment since Golem tokens currently trade around 35 cents a piece. ICOs ICO stands for, "Initial Coin Offering" which is a fundraising mechanism for cryptocurrencies which has exploded in popularity this year - the majority of them are held on the Ethereum network. Similar to a kickstarter campaign, they allow entrepreneurs to raise money for projects by giving investors an early opportunity to purchase the cryptocurrency before the final product has been built. If the project is successful, the value of the cryptocurrency will rise in value and early investors can sell it on the open market for a profit. ICOs have stirred up a lot of controversy because they represent a risky proposition with zero investor protection. Let's say I wanted to build a casino and to finance it, I gave investors the opportunity to buy chips that can be used at my roulette tables once the casino opened. If you bought $100K in roulette chips from me and I decide that I no longer want to build the casino, you're stuck holding worthless chips. If investors don't do their due diligence, they may end up buying tokens for a project whose creators never intended on building it in he first place - the creators walk away with the money and the investors have no way of recouping their funds. On the other hand, early investors in projects that go on to be successful have the opportunity to make enormous returns. For example, people who invested $1,000 in the Golem ICO would be sitting on $35,000 at it's current price of $0.35 - if it ever goes to $10, they're all millionaires. Another positive aspect of ICOs is that they let anyone, rich or poor get involved in early stage investing. To invest in a company like Twitter or Facebook pre-IPO (initial public offering), you need to be an accredited investor - this basically means you're already a rich person. With ICOs, all you need is an internet connection and a little bit of money and you have the potential to become wealthy by investing in the right projects. Far From Perfect Ethereum has the potential to change the way humans transact with one another but it is still a very young technology and it hasn't been without its problems. While the blockchain architecture underlying the Ethereum network is secure, not all of the applications built on top of it are. Faulty code can and has made applications vulnerable to hacking and malfunctions. Here are two prime examples: DAO Hack - DAO was a dApp built on Ethereum that enabled crowd based venture capital. DAO token holders were given the right to vote on projects they wanted to support - if projects went on to be successful, DAO token holders would receive financial rewards. The DAO ICO received $168 million in funding. The DAO software was hosted on the Ethereum blockchain and was publically visible by all. A hacker spotted a flaw in the DAO's code that enabled him to route $55M in ether held by the DAO into an account that he controlled. The Ethereum team had do do something called a hard fork (something I won't get into now) to reverse return the stolen funds. Parity Wallet Freeze - Parity is a wallet where people store Ether. A flaw in Parity's code let a user delete a specific line of code that was necessary for accessing funds in a Parity wallet. This led to $280 million dollars worth of ether being frozen - it hasn't been stolen but it can't be accessed either. Parity Technologies has proposed another hard fork to correct the issue - something that is sure to divide the Ethereum community and rattle user confidence. Despite the world changing implications that Ethereum dApps and smart contracts have, the trouble is that any programmer can write them - if they aren't written properly, they can behave in unintended ways and be exploited like in the above listed examples. Ethereum is still a very young network and security issues with dApps and smart contracts will have to be sorted out if its to reach its true aspirations. Leading The Decentralized Revolution “Ethereum aims to take the promise of decentralization, openness and security that is at the core of blockchain technology and brings it to almost anything that can be computed.” - Vitalik Buterin With dApps, smart contracts and blockchain technology, Ethereum is leading the decentralized revolution. Bitcoin is the world's first decentralized currency, that operates on a global network of computers outside of central intermediaries. Ethereum gives programmers a platform to develop a decentralized version of just about anything. Decentralized networks like Ethereum have the power to remove the intermediaries that currently exist between producer and consumer. Let's take a company like Uber. Uber is a platform that brings people who need rides together with people who have cars. To facilitate this interaction, Uber collects 20% of every ride. With Ethereum and blockchain technology, there is nothing to prevent a bunch of software developers from writing a dApp that creates a decentralized Uber. Instead of 20% per ride, transaction fees are paid to the network and the driver takes home the lions share of the transaction. Tokens can be issued that represent ownership in the network. Coders who work on improving the network can get paid for their efforts in ownership tokens. Non-technical people can come up with marketing campaigns that spread awareness for the network and also get compensated in ownership tokens. As the decentralized Uber network grows and improves, the value of its ownership token increases, rewarding the people that built it. The result is whats referred to as a "Decentralized Autonomous Organization" and theres a strong possibility that DAOs replace a lot of the world's biggest corporations. This may sound like a radical concept but blockchain technology enables these kinds of decentralized organizations to exist - Ethereum provides the tools for people to go out and build them.
Large Enterprise Adoption of Blockchain is happening, enabled by Quant Network’s Overledger
https://medium.com/@CryptoSeq/large-enterprise-adoption-of-blockchain-is-happening-enabled-by-quant-networks-overledger-32321b650115 This is Part Two in the mini-series looking at Quant Network. You can see Part One here as well as links to other articles at the bottom of this post. Quant Network have achieved incredible levels of adoption since launching Overledger less than a year ago. Their growth strategy is to partner with multinational global organisations with huge amounts of employees to then host / implement / take Overledger to each of their own clients. So one Partnership, leads to exponentially more and is the fastest way to scale rather than trying to partner with each customer individually. This is how companies such as Oracle grew so fast and Microsoft with their Partner Network.
“These are multinational global organisations with 100,000 + employees, this is the scale that we are working towards to take Overledger to the mass market. We can’t do it one by one in each country and sign them up but we can partner with someone that has 100 customers and they can take it to all their customers as well which helps with the adoption of our technology” —Gilbert Verdian
Let’s start with arguably the biggest partnership for any Blockchain company listed on Coinmarketcap, the leading Financial Network Provider in Europe, SIA.
Provide the leading Financial Network in Europe with more than 100 Tier 1 banks connected, 44 Trading venues (including the main international stock markets in Milan, Rome, London, Frankfurt and New York) and other financial institutions covering the entire trading process from pre-trading to post-trading
process 14 Billion institutional services transactions, 7.2 billion card transactions, 3 billion payments, 51.7 billion financial transactions and carried 1,204 terabytes of data on the network
SIA in partnership with Colt and SWIFT are the only two network providers awarded a 10 year tender commissioned by the European Central Bank for the provisioning of connectivity services allowing European central and commercial banks, central depositories, automated clearing houses and other payment service providers to connect directly to Eurosystem market infrastructures through a single access interface (Eurosystem Single Market Infrastructure Gateway — ESMIG).
SIA’s SIAchain is the leading blockchain architecture in Europe connecting 570 Banks, Central Banks, Trading Venues and other Financial Institutions using R3’s Corda, Permissioned variants of Ethereum and Hyperledger Fabric.
SIA have Integrated Overledger into the leading blockchain architecture in Europe SIAchain so that all of the 570 banks, Central Banks, Trading venues etc can benefit from Blockchain Interoperability.
“Since the European launch of our private infrastructure SIAchain, we are at the forefront of innovation in blockchain technology with the aim of supporting financial markets with a high-performance and secure architecture and a clear governance model.We actively continue on our path of innovation and the achievement of a fully interoperable blockchain network is the foremost objective we want to reach with the collaboration of Quant Network and its disruptive vision on DLT”,saysDaniele Savarè, Innovation & Business Solutions Director, SIA.
So what we’ve done is instead of just announcing one client and one thing, we’re announcing that we’re working with SIA. So, SIA is the leading European payment infrastructure. And what we’re doing with SIA is interconnecting blockchain networks with SIA, and doing settlements, which are central bank settlements,with the central bank in Italy. So what Overledger is doing is we’re actually bringing blockchain and interoperability to all of SIA’s clients, which are 580 banks. So, Overledger could be rolled out to all these institutions, financial services, banks, at scale, and have interoperability to get the benefits of this.
Quant Network are working with AX Trading to bring more digital assets, securities and tokenised assets to their existing 800 institutional traders in an already live and connected FINRA and SEC regulated exchange. AX Trading is not just about trading securities but other digital assets such as Bitcoin, Ethereum and potentially even Quant in the Future.
an SEC-registered broker-dealer and Alternative Trading System (ATS) Operator. They are a member of FINRA and SIPC regulated authorities.
Have investors and sponsored brokers such as Credit Suisse, (a multinational investment Bank and Financial services company worth $27.5 billion).
AX currently have over 800 Institutional traders (these are not individuals, but corporations such as hedge funds, banks, investment banks, pension funds, insurance companies, endowment funds etc).
This is a multi-trillion dollar market with huge global enterprises, traditional exchanges and global banks are all adopting DLT at a rapid pace and going into production at scale in a matter of months
Overledger a blockchain operating system, will enable universal interoperability for regulatory-compliant security tokens and digital assets to be traded on AX ATS, a regulated secondary trading market. AX intends to integrate Overledger to help foster the evolution of traditional capital markets infrastructure to facilitate the mass implementation of regulated digital assets. With the increased market adoption of digital assets and banking “coins” such as JPMorgan Coin, AX and Quant Network are at the forefront to enable the transferability and movement of digital assets
Oracle are the second largest software company in the world, second only to Microsoft and worth $174.5 billion.
Quant Network are an Oracle Fintech Partner. Oracle are jointly going to market with Quant Network and taking Overledger directly to their 480,000 clients globally.
On the week commencing the 23rd September 2019 Quant Network and Oracle will be showcasing Overledger at the largest Financial event of the year SIBOS. SIBOS is a very exclusive financial services only event that only institutions that are connected to SWIFT can attend. The only 2 Blockchain firms attending are Quant Network and Ripple.
At Sibos 2019 Oracle is excited to feature 10 of our fintechs that have proven they are enterprise cloud ready and span a wide range of digital transformation themes including several available on Oracle’s Open Banking API ecosystem. Discover how you can accelerate your digital banking journey with a wide range of proven Oracle fintech solutions that meet the security, performance, and compliance needs for today’s Adaptive Bank —Oracle SIBOS 2019Blockchain Enables Trustworthy TransactionsThe potential uses of blockchain technologies are seemingly endless, from providing easy access to online payments to creating connected economies. But one of blockchain’s standout promises is to automate trust by providing an incorruptible platform for transactions.Quant’s Overledgeris the world’s first blockchain operating system. It’s designed to provide any network in the world with a gateway to all other blockchains, and therefore enable companies to develop new solutions by incorporating features from multiple blockchain applications. —https://blogs.oracle.com/startup/innovation-pays%3a-the-five-fintech-startups-making-money-more-interesting
Crowdz are the leading blockchain-based trade finance company
Headed by Cisco’s former global supply-chain leader
In business since 2014, with 270+ beta clients
partnered with Barclaycard, part of Barclays Bank, to integrate into their payment solutions
Recently received $5.5 million Series A Investment from Barclays Bank and BOLD Capital Partners, with additional investments coming from TFX Capital Partners, Techstars Ventures, and First Derivatives
In talks with the Korean Government about using their tech.
Payson Johnston, President and CEO of Crowdz, a Silicon Valley trade-finance and financial-technology company, stated that, “Although Crowdz uses the Ethereum blockchain as the foundation for our Invoice Auction Exchange, we have needed a solution that allows for invoices and other documents to be transferred from one blockchain to another — for example, among Hyperledger, Corda, and EOS. With the Overledger solution from Quant Network, it is now possible to pass data among different blockchains. Crowdz looks forward to working with Quant Network to enable the true multi-blockchain environment that our customers demand.”
UKCloudX is the UK Sovereign High assurance cloud services designed for the UK’s most sensitive and mission critical systems from Defence, National Security to wider Government requirements.
AUCloud is Australia’s sovereign cloud Infrastructure-as-a-Service (IaaS) provider, exclusively focused on the Australian Government (Federal, State and Local) and Critical National Industry (CNI) communities.
AuCloud integrate Overledger onto the AUCloud platform to provide highly secure and interoperable Blockchain-as-a-Service for Australian Government and Defence and the critical national industries and supply chains that serve the nation.
Scott Wilkie, Director of AUCloud stated that Australian Government, Department of Defence and major industries are using or testing blockchain to interact with their supply chain, critical infrastructure, national record keeping and financial services. These organisations require the interoperable functionality that can only come with an operating system like Overledger and the security of the leading sovereign Australian cloud platform. Without Overledger, none of these projects or systems will be able to communicate with each other or enable cross party collaboration.Brad Bastow, CTO AUCloud (previously CTO Department of the Prime Minster & Cabinet) stated that “applying world leading blockchain technologies to enhancing the cyber security of cloud IaaS and PaaS can significantly improve the ease of adoption and reduces risks for all government users and citizens. We aim to bring the most effective and assured technologies as-a-Service and Quant Network have some of the most advanced blockchain technology in the world in this respect.”
A Cloud-based, smart-contract-as-a-service (SCaas) platform. enabling users across a variety of skill sets to implement DAPPs.
formed from a Defense Advanced Research Projects Agency (DARPA) grant in 2017 originally developed by ITAMCO and the University of Notre Dame
Awarded a grant from the Department of Energy to develop a platform for a blockchain solution for the solar energy market.
Their platform is available on Azure and are Microsoft Start Up Partners with a former Microsoft Global Exec Joining SIMBA Chain.
Some of their other partnerships include the Government Blockchain Association, Air Force Research Laboratory, Caterpillar, SAP and EY
Recently announced they are starting to develop on Quant Network’s Overledger to enable connection to all of the blockchains currently connected through Overledger and provide interoperability between them.
an AI-powered decentralized investment and financing ecosystem, which allows corporates to quickly, cheaply and safely raise funds, whether it be equity, debt or tokens.
Selected as 1 of 15 Best Early-Stage startups at Money 20/20, Europe’s Largest Finetech Conference.
Joined Kickstart Innovation, one of Europe’s largest multi-corporate accelerators.
Joined Level39 Europe’s largest Fintech Accelerator
Partnered with Holochain, Elastos and Portugal Finlab
have more than 35 years combined experience in capital markets at top investment banks (Goldman, JP Morgan, Barclays…) and more than 10 years in AI, IT and software development (Barclays, VINCI, PostNL…).
“AllianceBlock will use Overledger to leverage multiple blockchains and create multi-chains token swaps. This partnership offers the possibility to open a new set of real-world applications leveraging different features from different chains. AllianceBlock is delighted about this partnership which will help blockchain projects and SMEs wield blockchain technology very easily” said Rachid Ajaja, Co-founder of AllianceBlock.
Jiangsu Huaxin Blockchain Institute
the first state-owned research hub dedicated to exploring blockchain technology for the Chinese Ministry of Commerce with over 100 employees.
high-tech R & D institution backed by the provincial government in Jiangsu, the second highest GDP grossing province in China
Backed by parent company Beijing Huaxin Electronics Enterprise Group, a conglomerate that has incubated and invested in numerous IT and telecommunications companies
China’s official institution for blockchain development, signed an agreement to collaborate on the development of innovations like distributed computing and quantum cryptography to revolutionize the next generation of distributed ledger technology (DLT) protocols.
Managing Director of Rockefeller Capital Joins the Board of Quant Network
Rockefeller Capital Management is a leading independent financial services firm led by President & Chief Executive Officer Gregory J. Fleming, offering global family office, wealth management, asset management and strategic advisory services to ultra-high-net-worth individuals, families, institutions and corporations
Quant Network is a founding member in the European Union’s launch of the International Association for Trusted Blockchain Applications (INATBA). Other members of INATBA include Accenture, Accord Project, Alastria,Banco Santander, BBVA, Consensys, Enterprise Ethereum Alliance, Fujitsu, IOTA, Ledger, SAP, SIA, Swift, Telefonica, We.Trade and many more. INATBA is a collaboration of 26 EU countries to develop EU blockchain regulation and prepare the launch of EU-wide blockchain applications
Quant Network accepted as a company guarantor of Pay.UK, the UK’s largest payment network, alongside banks and other FinTech companies
Through this relationship, Quant Network will shape the payment ecosystem to promote competition, innovation and openness, as well as setting the strategic direction of the Payments infrastructure and adopting the New Payments Architecture (NPA).
consortium for blockchain innovation in the mobility industry. The consortium was founded by leading automakers including Renault, Ford, GM, and BMW, and now represents more than 80 percent of global auto manufacturing by volume. Other members include Bosch, IBM, Cognizant, Accenture, Consensys, IOTA, R3, VeChain, Hyperledger, Ocean Protocol and Honda (Full list can be seen here)
Overledger operating system will enable interconnectivity and interoperability of data between manufacturers, devices, transportation and autonomous vehicles
Quant Network has joined Hyperledger where more than 270 organisations are now contributing to the growth of Hyperledger’s open source distributed ledger frameworks and tools. Some of the companies involved are Accentrue, Airbus, American Express, Baidu, Cisco, Deutsche Bank, DTCC, Fujitsu, Hitachi, IBM, Intel, J.P.Morgan, SAP, BBVA, Bosch, Deloitte, Fedex, Huawei, Lenovo, NTT Data, Oracle, PWC, R3, Ripple, Samsung, We.trade, Bank of England, Enterprise Ethereum Alliance, Federal Reserve, MOBI etc. Full list of members can be seen here.
Working with the Hyperledger Quilt team to enhance Blockchain Interoperability capability for Hyperledger members
The Accord Project is the organization for the development of techno-legal standards for smart legal contracts and distributed ledger applications in the legal industry
The Project operates in collaboration with IEEE, the International Association for Contract and Commercial Management, Hyperledger, R3, Decentralized Identity Foundation, and a number of leading trade associations, industry and standards organizations, and world leading law firms.
Quant Network have joined the Accord Project and are providing the Technology with Overledger and Treaty Contracts.
As well as many being worked on and yet to be publicly announced:
Indian Multinational IT Service and consulting company with offices in 44 countries and 137,000+ employees
Among the top 20 largest publicly traded companies in India with a market cap of $18.7 Billion and revenue of $9 billion.
Customers include 250 of the Fortune 500 and 650 of the Global 2000 companies.
we are really looking at ASIA, especially around Singapore, Hong Kong and we are working with partners to go there,just yesterday we had a meeting with a $8 billion company based in the ASIA region and they want to use Overledger for their clients and they are going to help us expand to that region, once we partner with the right bigger players
Partnership Suggestion: VR Game Devs (and dream partner: Valve/Steam)
Since the Kin team listens to our suggestions here, I wanted to make this one. Maybe reach out to game devs of Virtual Reality games and apps like VRChat (which uses Unity!) I think Kin makes perfect sense for VR. It needs its own digital form of money that can form the basis of an economy, because you can't exactly pull out your wallet and use your credit card while you're in another world, and games have trouble monetizing just like everyone else as it is. Gaming is a no brainer for Kin, and Virtual Reality doubly so. And taking that a step further, while everyone is focused on dream partnerships like WeChat and Snapchat, personally, I think my dream partner would be Valve. Gabe Newell is a thought leader of indie software development, always bucks the trend in terms of what is expected of his company, and has even tried accepting Bitcoin on Steam, despite showing skepticism, because of his love for new technology . And, like any others who tried accepting Bitcoin, it didn't work out. Everything he said was wrong with Bitcoin was exactly what he ran into when he tried to make it work, volatility within the time it takes to transact, inability to scale, and more. If Gabe got behind Kin, almost all gamers and game devs would. And it gets deeper. Valve was actually developing their own PC-based video game consoles to compete with Xbox and PlayStation, and VR (via Oculus Rift in its early days as a Kickstarter project) was supposed to be at the heart of it. Guess what happened? Facebook bought Oculus Rift, which ruined their ongoing partnership, and put a huge damper on Valves attempt to release their "Steam-box". Kin seems custom tailored to the Steam platform, VR gaming especially, and even for Valve to join the rebellion against Facebook.
One cannot essentially begin to understand the premise of EtherParty if they do not understand it’s foundation that sits atop the ethereum platform. The ethereum network as defined by wikipedia is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It was proposed in late 2013 by boy genius Vitalik Buterin, who saw that there was a need for smart contract technology in the crypto space that didn’t exist quite yet. This technology would bring about the inception of ICO’s (Initial Coin Offerings) and the tokens from them that many of us have grown to purchase and HODL. It had a further focus of decentralizing applications when Vitalik discussed in Bitcoin Magazine the need for Bitcoin to have a scripting language for application development. After failing to garner agreement with this idea, the new platform of ethereum was created and decentralized applications (Dapps) were born. Long story short, with the inception of this platform called ethereum being brought into the crypto space, it brought with it billions of dollars in massive expansion of new companies, new coins, and of course Dapps. If you’ve ever participated in an ICO or ever purchased a token on an exchange, congratulations you’ve more than likely used the ethereum network. And those tokens you purchased, if belonging to a forward thinking, dynamic project, actually have utility besides being stored on your hardware wallet, gaining more value and being sold at your favorite exchange. Those tokens actually power the Dapp you’ve decided to support in many cases. Furthermore, you may have attained them as an early adopter in a kickstarter, or traded them on an exchange. I personally believe that EtherParty will be the best smart contract creator currently in existence for the ethereum and bitcoin networks at least for the next few years, to seamlessly create unalterable code, and automatically executed digital contracts in real time. So what does all that mean? What is a smart contract and how can you use it in your every day life? How can major corporations use them to do business? What industries might they thrive in and what kind of contracts can EtherParty create easily and effectively to see this become the new standard? A smart contract is much like your typical “sign on the dotted line” contract, except digital. If you run a quick image search of one online, you’ll get a highly technical and convoluted flow chart most likely which will do nothing to simplify the idea. There’s a lot of coding involved as well as filling in specific parameters for specific outcomes and if you’re not a disciple of coding languages you will understand none of it. EtherParty takes the ugly underlining code away and replaces it with a simple, aesthetically pleasing interface that you can manipulate with your fingers on a tablet or your smartphone. You simply decide the type of contract template you would like to put onto the blockchain permanently, input the specifics of what you’d like to accomplish, and have the necessary parties sign it digitally. That’s it, the protocol will run the rest. As you peruse the types of contracts you can create instantly, you’ll see token creation contracts (ERC20/ERC223), crowdfunding, escrow, timesharing, supply chain management, etc. Later this year they’ll be adding voting and ballot box contracts, multi-person escrow, virtual democracy, time-locked vaults, multisignature escrow and vault, notary services, family trusts, money management, and real estate sales with possibly more to come after 2019. These types of contracts will be ideal for individuals who would rather not have to go to a law firm and have a lawyer or paralegal draft up a contract for them. It will also include corporations, real estate companies, title companies, escrow & mortgage companies, and supply companies to use daily with new clients and customers. Are you seeing the possibility of massive adoption here? As I’ve stated before it will be the myriad of contract options and the simplicity in creating them that will bring the growth and value into this company for the longterm. The only thing yet unknown is the cost of the actual contracts being used, which I’m sure will be released at a later date once things go live. You can read more about what I already mentioned in the company’s roadmap located here: Roadmap So now that we have a ton of different legally binding contracts that we can create ourselves, on the fly, and assumingly magnitudes cheaper than we’d receive at a law office, there has to be integration on a multitude of software and cloud platforms. They will eventually be available on Amazon web services, ElasticSearch query, Android, iOS, server integration with Oracle, enterprise integration, interactive voice response, and google assistant. There will also be an etherparty wallet to store tokens for contract creation on the go, and I’m seriously just glossing over the massive features that will exist as this year progresses forward. There will be a plethora of backhaul systems in place to run all of this seamlessly and invisibly to the user, and with so much being available on cloud platforms, scaling infrastructure shouldn’t be too much of an issue as customer demand increases. So this is a very powerful platform that will absolutely disrupt a multitude of all the industries mentioned above and then some. This team has been keeping backers updated through social media and other outlets since the ICO and before. I’m very critical of the ICO and crypto spaces. There are a lot of criminals that have infiltrated it and have taken millions of dollars from people who trusted them, gave them backer money in the hopes of large returns in the future, only to be left holding the bag. I have not once even been slightly suspicious of EtherParty’s motives or their resolve to get this platform up and running and available to the masses. It’s currently in beta as I type this. Anyone can request access and test what’s been done already for themselves. I will close with their interview from the bad crypto podcast where the CEO, Kevin Hobbs goes more into detail about everything EtherParty for those of you new to this subreddit and clamoring for more information than I provided in this brief. Bad Crypto Podcast
Of Wolves and Weasels - Day 156 - DOGE4DOGE - What's working for you?
Hey all! GoodShibe here! Today I ask a simple question: What's working for you? How is the Dogecoin experience panning out? What could we be doing better? You see, I've heard some people complaining that there isn't much yet for them to do with their Dogecoins... and that's a comment that really got me thinking. One of the things that is essential to the long-term viability of our coin is Demand. And if we can 'do' enough things with our coin, garner enough interest, have access to enough things and experiences that people want to take part in... then there's are a good chance that folks -- especially new-Shibes -- will brave the somewhat convoluted system required in order to get their hands on Dogecoins. So... what would you like to be able to do, or buy with Dogecoins that you're not currently able to? Let's make a wishlist together, here and now. Something for the more enterprising Shibes amongst us to take and run with, to get their ideas flowing. Things we wish we could buy with Dogecoins
doge-themed ladies apparel and accessories.
"one thing I would really like is a little brass Ð keyring"
STICKERS. STICKERS. STICKERS. I WANT STICKERS.
buy DLC with Doge
buy things via amazon with doge
buy groceries and booze with dogecoins
For musicians: Guitar Strings, Drum sticks, Batteries
Every day items: Toothpaste, beer, deodorant, condoms
buy access to paywalled NYTimes articles with dogecoin
Things we wish we could do with Dogecoins
set up a direct deposit with my employer to instantly convert a portion of my pay check to Dogecoin.
buy really cheap items. "I have so little Doge that I've yet to be able to find something I can afford to actually pay for in Ð"
"Expedia now jumped on Bitcoin's back. I would LOVE to be able to buy my vacations with Doge"
Tip my waitress
Donate to my favorite bands
Give to homeless on the street
Pay DOGE to watch yesterday's The Daily Show online without ads.
Goals/Projects to undertake
Simplify and take the intimidation out of buying Dogecoins.
Simplify and take the intimidation out of businesses accepting Dogecoins
Tip people on FB, and recipients could instantly see the value of the coin in Fiat and be linked to a page that could show them what they could get/buy with the amount of Doge's they had.
a dogecoin debit card - easy to spend and replenish
Joomla and Wordpress tipping and e-commerce plugins / components.
better linux documentation.
have the same wallet on multiple devices.
It's through these sorts of exercises, by taking stock of where we are and where we'd like to be, that we can also help to build our DOGEconomy. To give our community forward direction and momentum. Think of it like putting a wish on the wind... sometimes you actually get what you want. So, let's give it a try, my friends! Let's build a list and see if we can't all help ourselves get a little bit closer to the moon. ;D) It's 8:06AM EST and we're at 82.30% of DOGEs found. Our Global Hashrate is down from ~50 to ~47 Gigahashes per second and our Difficulty is up slightly from ~714 to ~761. As always, I appreciate your support! GoodShibe If you have work you need done, please consider hiring a Shibe first from our BOOTSTRAP SERVICE ECONOMY If you have skills to sell for Dogecoin or would like to hire a skill that's not on the above list - let me know in the comments and I'll add your request here. If you want to build a team or have a project you want to move forward, let me know in the comments. If you have an artist you want to shout out or work you think needs more attention, or sale on the way or a business on the rise... let me know in the comments. Together, we rise, my friends! Services on Offer
TurntableKittah "Right now as a merchant/artist, I'm busy putting together my website. I'm trying out SmugMug for my photos. I wanted to use this type of site because I really don't have the overhead to buy a used printer. Part of the deal is that my work is being printed by four different printers. They get a chunk of my payment for their work. Now I am preparing artwork based on Doge for uploading onto this site, but I need rent money :''''( Any ideas. Thanks."
The DOGE League: This sounds like it could be a lot of fun for gaming Shibes and, especially, as we look to integrate the Twitch.tv tipbot that should be coming online soon. He seems enthusiastic but could use some help, any Shibes want to give him a hand?
DOGE4BUSINESS: ShibeShen (whom you may remember from this thread) is looking to create a store that caters to Shibes only. Buys things with Fiat but sells them ONLY in Dogecoin. He's also, specifically, asking you what you'd like to see him sell. This is a great opportunity for Shibes and a well-and-true Tycoon Doge who is willing to stick their neck out for us. Give him a moment of your time, please.
Projects highlighted by our staff, and what's popular right now. Start exploring! Passion, ideas, and ambition abound on Kickstarter. Ridge Iron is raising funds for Artisan offline wallet for Bitcoin & cryptocurrencies on Kickstarter! The artisan metal offline storage wallet is the physical embodiment of digital currencies in a fire and waterproof storage token. Bitcoin enthusiasts around the world will know that when it comes to protecting your digital wealth, security is always a topic of debate. Even though we have several methods to protect our Bitcoin wallet, whether it’s a QT, lite or web wallet, you can never be secure enough. eCoinConcepts will be using Kickstarter to fund production of a three-tier Bitcoin hardware wallet. Hello fellow crypto currency enthusiasts, Bitcoin miners, Litecoin miners, investors, and fiat currency libertarians... My name is Patrick Cines … Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. r/litecoin. log in sign up. User account menu. 15. KICKSTARTER - CryptoCard by MasterCoin - A Physical Wallet Card for your Favorite Crypto Currencies ... Bitcoin is a distributed, worldwide, decentralized digital money … Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. r/Bitcoin. log in sign up. User account menu. 0. KICKSTARTER - CryptoCard by MasterCoin - A Physical Wallet Card for your Favorite Crypto Currencies. Close. 0. Posted by. u/SoapSuds-bitcoin. 6 years ago. Archived. KICKSTARTER ...
Kickstarter is a dinosaur compared to Bitcoin Cash's Flipstarter!
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