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is Inn Venn better than the pay patent search services already out ?
How?
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$240.00 a month is a lot of money for the small time inventor, who is there targeted customer, companies, lawyers, manufactures?
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I was disappointed to hear that your token sale was postponed.however I am still interested in LociPro. The more I read the more I am look forward to the launch. It is good to know that you will have a working product at launch. Will we will be able to look under the hood before the token sale? Try before buy kind of thing.
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Since we have been discussing Blockchain. I thought I would add a few more the differences between Bitcoin and Ethereum.
Ethereum is faster, the average block time for bitcoin is of around 10 minutes, Ethereum confirms in around 12 seconds, thanks to GHOST protocol.
Two-thirds of all bitcoin have already been mined. Ethereum only half of the coins have been mined.
Ethereum raised the capital for its launch in its ICO.
When Ethereum has switched from proof-of-work to proof-of-stake miners and the need for computers to solve mathematical problems will be eliminated saving a ton of electricity.
Ethereum transaction will cost less than Bitcoin. With Bitcoin a certain sum of money must be paid to the miners for cracking a block. With Ethereum validators will earn transaction fees for each transaction and smart contract that they validate and upload to the blockchain.
Ethereum will power decentralized applications
Basically, Ethereum blockchain is superior, far superior to that of Bitcoin
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I am curious to know more about BLOCKCHAINS! Even the word itself has me intrigued. I have read several articles and I am still trying to wrap my head around it . What I am asking for, in simple terms, is a basic rundown of this new technology and why its considered revolutionary. I am also wondering why InnVenn is using the Ethereum blockchain over others? Thanks!
Ethereum is an open blockchain platform that lets anyone build and use decentralized applications that run on blockchain technology. Like Bitcoin, no one controls or owns Ethereum it is an open-source project built by many people around the world. But unlike the Bitcoin protocol, Ethereum was designed to be adaptable and flexible. It is easy to create new applications on the Ethereum platform, and with the Homestead release, it is now safe for anyone to use those applications. Hi Chase13. Thank you for the info. Do you have any more details on what you mean by the Homestead release? Is that like a version of the application or software? The BLOCKCHAIN subject matter is rather dense and pretty darn techie. I have yet to get a firm grasp on it, conceptually. Feel free to chime in with your additional commentary or corrections, if necessary. So far the main points I have found to be of importance are as follows; 1. Transparency-data is embedded within the network as a whole, by definition it is public.
2. It cannot be corrupted altering any unit of information on the blockchain would mean using a huge amount of computing power to override the entire network.
3. Blockchain helps is to guarantee the validity of a transaction by recording it not only on a main register but a connected distributed system of registers,
all of which are connected through a secure validation mechanism.
4. is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.
5. Information held on a blockchain exists as a shared and continually reconciled database TO BE CONTINUED............... [/list] Homestead is the second major version release of the Ethereum platform, which includes several protocol changes and a networking change that gives the ability to do further network upgrades. I think it is important note that Ethereum blockchain was developed to do so much more than that of its predecessors, like Bitcoin. Yes, Ethereum represents a decentralized platform, which can run smart contracts, it also offers greater protection against fraud, downtime, third party interference or censorship. it allows users to create their very own digital tokens. it grants app developers the possibility to raise virtual funds, and to develop applications to run on the Blockchain thereby furthering the development of Ethereum itself. This is why Loci coin and so many others are using Ethereum and why Ethereum should surpass Bitcoin. sorry, I did not intend to be redundant. I was responding to an earlier version of this post, I had not realized that everything I had to add had already been added. |
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I am curious to know more about BLOCKCHAINS! Even the word itself has me intrigued. I have read several articles and I am still trying to wrap my head around it . What I am asking for, in simple terms, is a basic rundown of this new technology and why its considered revolutionary. I am also wondering why InnVenn is using the Ethereum blockchain over others? Thanks!
Ethereum is an open blockchain platform that lets anyone build and use decentralized applications that run on blockchain technology. Like Bitcoin, no one controls or owns Ethereum it is an open-source project built by many people around the world. But unlike the Bitcoin protocol, Ethereum was designed to be adaptable and flexible. It is easy to create new applications on the Ethereum platform, and with the Homestead release, it is now safe for anyone to use those applications. Hi Chase13. Thank you for the info. Do you have any more details on what you mean by the Homestead release? Is that like a version of the application or software? The BLOCKCHAIN subject matter is rather dense and pretty darn techie. I have yet to get a firm grasp on it, conceptually. Feel free to chime in with your additional commentary or corrections, if necessary. So far the main points I have found to be of importance are as follows; 1. Transparency-data is embedded within the network as a whole, by definition it is public.
2. It cannot be corrupted altering any unit of information on the blockchain would mean using a huge amount of computing power to override the entire network.
3. Blockchain helps is to guarantee the validity of a transaction by recording it not only on a main register but a connected distributed system of registers,
all of which are connected through a secure validation mechanism.
4. is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.
5. Information held on a blockchain exists as a shared and continually reconciled database TO BE CONTINUED............... [/list] Homestead is the second major version release of the Ethereum platform, which includes several protocol changes and a networking change that gives the ability to do further network upgrades. I think it is important note that Ethereum blockchain was developed to do so much more than that of its predecessors, like Bitcoin. Yes, Ethereum represents a decentralized platform, which can run smart contracts, it also offers greater protection against fraud, downtime, third party interference or censorship. it allows users to create their very own digital tokens. it grants app developers the possibility to raise virtual funds, and to develop applications to run on the Blockchain thereby furthering the development of Ethereum itself. This is why Loci coin and so many others are using Ethereum and why Ethereum should surpass Bitcoin. |
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