What is blockchain? Part 2  In the previous article, we examined the basic principles of blockchain technology. Today, let’s talk about the basic algorithm of its work. How does the blockchain work? Step 1: The user initiates the transaction. Step 2. The transaction is sent to a peer-to-peer computer network, where all nodes are equal. This transaction is being tested for validity and, together with other current transactions, is included in the block. Step 3. The nodes solve a complex computational task for fixing the block. Step 4. When the problem is solved correctly, the block is confirmed by the nodes of the network and clings to the last correct block. Step 5. Thus, the blocks are linked in a chain (that’s why the name block chain = a chain of blocks). There may be two alternative chains that differ by one last block (or even a pair). But with each next block the complexity of recounting a new chain grows exponentially from the number of blocks in it. Therefore, in the end, there will always be one true chain, after a few blocks after that in which our transaction lives. It is important to understand that this does not happen instantly, and there is always a certain period of time when there is uncertainty whether our transaction enters the block of the longest chain. Step 6. After getting into the longest chain of blocks, the transaction is considered perfect. Blockchain is a secure, distributed and transparent system for transferring funds between participants in a transaction without involving an intermediary. https://medium.com/@izetex_project/what-is-blockchain-part-2-db7663364d13 |
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HelloGold Foundation Update #9–7th March 2018 BusinessHelloGold has won the award for Prominent in Wealth Asset & Investment Management of the Year at Malaysia Fintech Expo! The team was also nominated as Fintech Startup of the Year while Robin was nominated as Fintech Personality of the Year. In the 5 months since Round 1 of the Token Sale, the HelloGold team has grown extensively from 16 to 40 team members. An offsite was planned to ensure that the direction going forward both for 2018 and in the long term remained clear for everyone. It is a credit to the entire team that HelloGold’s cause of democratising financial inclusion and the team culture of openness and inclusivity continues even after the surge in team members. On the marketing side, February 2018 was HelloGold’s best month so far with regards to gold sales. Overall customer AUM and activation rate improved as a result of a) targeted communications and b) lower gold prices. We’ve also seen a 50% increase in customer registrations from the previous month. Moving forward there will be some fluctuation to customer acquisition. The customer experience has been overhauled so that customers get to experience the app before committing any personal data. As a result we expect lower registrations initially but higher activation rates in the medium term. Additionally the entire digital acquisition strategy is being reviewed for funnel optimisation and this will take a few weeks to bed in. Meanwhile we’ve seen strong press coverage on GoldX being shariah-compliant and this has put some tail wind on HelloGold customer acquisition. There will be more announcements over the next few weeks and we expect the additional press coverage to benefit HelloGold. https://medium.com/hellogold/hellogold-foundation-update-9-7th-march-2018-c487ee52019 |
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BANCA TRADING COMPETITION  March 7th to March 28th2018 (UTC 6PM) Details of the competition To celebrate BANCA World`s Premier Listing, we have compiled some amazing prizes for our users to win in the BANCA Trading Competition. We will rank users from 1 to 200 in terms of the BANCA volume traded on your HitBTC account. Formula for the competition Total Buying volume BANCA minus Total Selling volume BANCA minus Total Deposited BANCA tokens equals your Competition Rank. Prizes • 1st place will receive Porsche 911 Carrera T • 2nd place will receive VOLVO car XC90 Momentum • 3rd -10th place will each receive iPhone X 256G • 11th -30th place will each receive 0.5 ETH • 31st-200th place will each receive 0.3 ETH Winners would be announced once the competition is closed! And prizes would be distributed within 7 working days after its closure. IMPORTANT Note HitBTC reserves the right to cancel or amend the Competition or Competition Rules at their sole discretion. HitBTC reserves the right of final interpretation of the competition. All trades that we deem to be “wash trades” will not count towards your total trading volume for this Trading Competition. HitBTC shall not bear any taxes, shipping fees, nor any charges incurred in the process of rewards distribution, an ETH rewards option equivalent to 100% of the face value for the winner will be provided. https://medium.com/@nausokolarti1/banca-trading-competition-cd7053dbc39d |
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Decentraland Project Updates — March 5thhttps://blog.decentraland.org/decentraland-project-updates-march-5th-139514fc86d8Technical Developments Our engineering team has had a busy couple of weeks, so we’d like to give you all a quick look into some of the more technical progress that’s being made on the Decentraland project. The team is hard at work putting together the Developer SDK. Just this past week, they’ve added support for Node.js server-side scenes, which is one of the first milestones on the path toward enabling developers to build multiplayer scenes in Decentraland. They have also been focusing on optimizing the efficiency of peer-to-peer interactions in VR mode and have been improving different input methods, like VR controllers, mice, keyboards, and mobile devices. Considerable progress has also been made in broadening our compatibility with A-Frame by adding additional A-Frame entities. We have also been addressing some of the smaller, yet significant, details like improving the realism of Decentraland’s sky, sun, and even fog! Our engineers have also added the ability to present a first-person view of your verified crypto-collectibles. These small details like atmosphere and lighting all add up to create an a more immersive experience. Shifting focus to developments in the Marketplace: we have begun adding a functional “wallet page” where you will be able to view all of your digital assets in one place, along with a new activity page where you should be able to track all of the transactions you’ve conducted in Decentraland. These are just a couple examples of a series of advancements in the user interface and experience of the secondary tools we plan to provide alongside the main Decentraland client. We’ve also deployed a marketplace contract on Ropsten and are conducting audits and tests of that functionality. We have also re-deployed Decentraland’s LAND contract after integrating some very useful community feedback on the ERC 721/821 standard. Finally, the team is working on adding the ability to manage changes in IPNS (the naming system for IPFS, the decentralized content distribution network supporting Decentraland) without having to re-deploy entire smart contracts. The team is continually hunting down bugs to fix and processes to optimize. Etheremon Integration Last week we introduced an exciting integration with the crypto-collectible game, Etheremon. Their team is going to be piloting our developer SDK while building out the Etheremon integration for Decentraland. We plan for this to be the first of many crypto-collectible game and dApp integrations, and are excited to start putting tools into the hands of other developers interested in creating content for Decentraland. Designing Genesis City: Korean and Chinese Translations! Last week, our Product Lead wrote a discussion of the philosophical and technical decisions behind Genesis City’s roads. He examined some of the interesting usability and design considerations we faced when laying out the virtual road system, so if you are interested in learning more about transportation, content discovery, and LAND value then check out the post here.
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Decred Assembly - Ep19 - 2018 Decred Roadmap https://www.youtube.com/watch?v=Djl9rkUWscgDecred is an autonomous digital currency. With a hybrid consensus system, it is built to be a decentralized, sustainable, and self-ruling currency where stakeholders make the rules |
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Highlights of Nollycoin World Press Conference https://www.youtube.com/watch?v=7nBGaI18hmMThe prospects for creating a valuable ecosystem for the Nigerian Movie Industry, received a boost with the lauch of the Nollycoin designed to serve as the crypto-technology backing the ollytaimet, which is using blockchain to power a ew movie entertainment ecosystem. Dr Ope Banwo the Visioner and Driver of the platform hosted a World Press Conference in Lagos, Nigeria to give further insight into the platform and the planned Initial Coin Offering. Proshare WebTV brings excerpts from the event |
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The Official Mobile App Dear all, excited to introduce The Abyss Assistant, our official mobile app for iOS, which is already available for download. You can use it to monitor and watch your referral network expand, track the number of purchased and bonus tokens, copy and even instantly share (by using the QR-code) the referral link with your friends. All relevant Token Sale (DAICO) data is delivered directly to your device. https://medium.com/theabyss/the-official-mobile-app-da1a3c700844
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State of Development: Week of February 26th, 2018We are pleased to announce our next release v0.8.0. The new release is mainly dedicated to improving the stability of the testnet. The following improvements have been included in this release: Oracle fine-tuning: Refunding the oracle query fee when the oracle does not answer on time. This impacts consensus. Adding the possibility to extend the time-to-live of an oracle. This impacts consensus. Fine-tuned coinbase transaction by including block height in to make its hash unique in the chain. This impacts consensus. Fine-tuned the Naming System user API, by ceasing the resolving name in revoke period. Enriched user API re unsigned transactions by returning its transaction hash so to enable querying it. Enriched WebSocket user API by tagging request-response. Enhanced contract creation user API by returning the address of the contract to be created (#800). Enriched user API by adding functionality for getting a transaction by hash. This works both for transactions already included in a block as well as pending transactions. Optimized memory usage of cache within naming system and oracles. This impacts the persisted DB. Optimized memory usage when launching mining. Refactored transaction-related internals. This impacts the persisted DB. We have also started to implement parts of the Kademlia peer discovery algorithm to make peer-to-peer node discovery more efficient. In addition to this, we are working on an additional security layer for node-to-node communication that will be based on the Noise Protocol Framework which will significantly improve the overall security of the system. https://blog.aeternity.com/state-of-development-week-of-february-26th-2018-bc42ec456def
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DeHedge White Paper Digest: HEDGINGhttps://medium.com/@DeHedge/dehedge-white-paper-digest-hedging-5d190dadba29DeHedge conducts scoring for projects that are just preparing for the initial placement of their tokens (Pre-ICO, ICO) based on criteria developed by its analytical team in cooperation with the largest Russian and international experts in risk assessment of investments in high-risk products, who helped composed an algorithm allowing DeHedge to assign a score to a project in the range from 0 to 100. As a result of the score system, the project is either rejected (the sum of score points is below the specified minimum value) or undergoes an additional evaluation procedure to formulate proposals for hedging for DHT Token holders. Based on the results of these processes, costs of hedging positions and significant conditions are assigned. Users on the dehedge.com website and the owners of DHT Tokens can choose a project, the risks they wish to hedge, and the hedging time. A DHT owner chooses the project and the hedging period. That is how guessing works.
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Skyllz and Blockchain Institute & Technology (BIT BCN)https://medium.com/skyllz/skyllz-and-blockchain-institute-technology-bit-bcn-d71fd8ade442Skyllz is collaborating with BitBcn, to promote the Blockchain culture in Barcelona and throughout Spain. Both Skyllz and BitBcn share a common strong commitment to support professionals in entering the job market, through a continuous improvement and learning-by-doing process. Skyllz is an open source Blockchain-based skill-validation protocol, whose aim is to replace resumes with a unified, portable and trustworthy skill-related reputation, responding to the new paradigm in lifelong learning (traditional and new education systems, self-development…), and flexible workforce (remote and flexible jobs, independent contractors, freelancers…). It is designed to integrate all the applications around skills acquisition, improvement, application and boosting in a unique ecosystem composed by e-learning platforms, job/freelancing applications and professional networks. The Blockchain Institute & Technology (BIT BCN) is developing the first Blockchain and DLT’s bootcamp of Europe, for those who seek to learn and master the different programming environments around Bitcoin and Blockchain technologies. The boot camp will start on March 2018 and will be built around two profiles: Business candidates & Developers candidates. The Business candidates will dive deep into the foundations and rules that control cryptocurrencies, their dynamics, growth potential and investment possibilities. The Developers candidates will learn how to develop apps using Solidity and Ethereum coding languages. Focusing on the conceptualization and maintenance of: Blockchain, mining systems, nodes, and wallets. The Blockchain Boot camp will be based on a learning by doing method, looking to promote interactions between candidates, teachers and enterprises. With a set of interactive activities of design, analysis and hands-on work frames, directed by highly qualified staff of teachers, with international experience on the development and implementation of the Blockchain technology (visit BIT BCN and follow BIT BCN on Twitter, Facebook and Linkedin to learn more). Skyllz is developing an open-source Application Programming Interface (API), which will be the service layer of the Skyllz Distributed Platform (SDP), connecting applications with the token and blockchain layers.
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Since currently there is no comprehensive ICO regulation in the world (but most often there is no such regulation at all), there are no uniform ICO standards, but investments in ICO are traditionally considered to be high risk investments. Such investments cannot be insured and most often the issuers are not obliged to repay investors the funds invested. Due to these reasons, with the popularity of cryptocurrencies and tokens, ICO also casts a variety of fraudulent intentions, and it is estimated that around 10% of these funds are ending up in the hands of fraudsters. Accordingly, before making decisions on investing, it is indispensable to find out how reliable the issuers are and how realistic are their plans. https://www.facebook.com/bitlats/photos/a.408876522878186.1073741828.408860416213130/481601855605652/?type=3&theater |
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ICO Insight featuring Property Coin & expert interview with professor Dr. Bhagwan Chowdhry https://www.youtube.com/watch?time_continue=184&v=zelM5Ae5yUMOn this episode of ICO Insight, we are talking real estate as the co-CEOs of Property Coin discuss the launch of their ICO in our ICO Spotlight. Find out how you can establish a professionally managed real estate portfolio with help from the blockchain. Dr. Bhagwan Chowdhry, professor at UCLA, provides expert insight into blockchain and how it can change the world for the better. And in your ICO and crypto investing news, one state is allowing you to pay your taxes with cryptocurrencies. |
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Introducing RED-TRS Restart Energy prides itself on having a unique turnkey offering when it comes to rapid expansion and new market penetration: our Restart Energy Democracy Franchise — an exclusive business opportunity available to MWAT holders that allows anyone to own and operate their own Restart Energy retail energy franchise, and bring affordable energy to their community, region, or country. With the help of this model, Restart Energy has become the fastest growing private energy supplier within the European Union, growing by 1700% in the last two years, with over 300 franchise partners already open for business. Moving forward, Restart Energy Democracy (RED) intends to use it’s strong franchise system to enter key deregulated energy markets worldwide in the near-to-mid term, with legislative compliance being assured in every energy market that has been deregulated, worldwide. However, recent concerns within our community regarding the potential far-future costs of our franchises, especially in the wake of bull-market highs, has led to us, as a company, to debate ways of countering such pitfalls. The solution is perhaps the very first instance of a token renting system, specifically designed to ensure that franchises remain affordable, while also providing long-term MWAT token holders with more options for their assets, regardless of the amount of tokens owned. We thus propose to you, dear interested potential franchisee and MWAT hodler, the TRS — or Token Renting System: For an agreed-upon mid-to-long-term fixed rate — hereby called ‘rent’ — MWAT tokens can be rented via smart-contract escrow account to an interested party for the purposes of establishing and maintaining a RED Franchise of any tier. As this system would use smart contracts, it is by necessity an Ethereum-based one, thus transactions would be resolved in ETH. Rented tokens will need upkeep in the form of monthly payments and will expire once the predetermined smart contract length has been reached, or when the required monthly payments have stopped. Such smart contract escrow solutions will be available in variants of 3 months, 6 months, 12 months, 24 months, or any upwards scaling contract length thereof. Once the smart contract duration expires, all MWAT tokens held within the escrow account are either returned to their owners or transferred against a residual value from the lessor to the lessee. This system provides the solution to several issues inherent to both long-term crypto-token holding and to investments such as our franchises, especially the Master Franchise tier. The biggest issue, predictably, is the costs associated with purchasing, up-front, over 10,000,000 MWAT (in the case of type A Country Franchises or type B Master Franchise), especially within a bull-market climate where prices quickly rise and MWAT could surpass 1 USD. Not only can the cost be substantial, depending on MWAT value at the time, but due to the potential rapid-inflation of token prices within market exuberance periods, cost estimates can become hopelessly out of date in days, if not hours, and this presents a large problem if the potential franchisee in question had planned to use traditional financing options to acquire the funds he needed for his chosen franchise tier. Banks can take a while to approve loans and send funds, even when it comes to AAA-rated companies, while credit unions may require rigorous vetting procedures, before giving you access to the funds you need — all the while the cryptocurrency market is on the move, throwing a wildcard into financing forecasts. Our proposed Token Renting System (TRS) would largely mitigate the high entry costs for new franchisees in the case of a token price surge, by lowering the costs of entry via monthly installments instead of one large sum. This guarantees a smooth development of the RED Platform and ecosystem even if the MWAT tokens prices surge. Furthermore, the smart contract in question would be programmed with a fixed sum required for each token’s rent and the length of time until the expiry of said contract, thus offering a high degree of predictability once it has been agreed upon. This makes it far easier for both companies and private individuals to seek out financing options, or can even eliminate the need entirely. It should be mentioned, however, that long-term use of such an approach would likely be more expensive for the franchisee than purchasing the tokens up-front. Whether or not franchise token renting is preferable to a higher initial entry cost, or to the interest rates and low flexibility associated with traditional financing, remains a judgement call that potential franchise partners need to be aware of. TRS will also greatly benefit long-term MWAT holders, as they will have the opportunity to rent out their tokens and see their investment pay off in the mid-to-long term, while also retaining full ownership rights; being able to use their tokens again once the smart contract expires. MWAT holders that do not intend or can not use their tokens for energy trading in the near future will also be able to enjoy a steady stream of passive income from the TRS, while Restart Energy, or one of our franchises, penetrates their local market and thus makes affordable peer-to-peer energy trading available to them. Furthermore, having MWAT tokens safely set aside in an escrow account, generating income at a steady — and importantly — fixed rate, protects those MWAT owners from the periodic, crypto-market crashes and bear-market climate that tends to follow in the wake of such events. It should be noted that even though the RED — TRS will protect against these lows, it will also prevent personal token liquidity when the market surges forward. Potentially, this can be seen as an argument against if viewed from a short-term trader’s perspective, or an argument for, from a long-term holder’s perspective. In the end, it is up to the individual and their reasons and goals for acquiring MWAT to decide if protection from loss and a steady, predictable income, is worth more than short-to-mid term potential profits. |
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Sergiy Oliynyk Doctor of Biological Sciences joined Project “Synthestech”, South Korea https://blog.synthestech.com/sergiy-oliynyk-doctor-of-biological-sciences-joined-project-synthestech-south-korea-847ec6e3faeb We are glad to inform you that Sergiy Oliynyk, Doctor of Biological Sciences, the author of more than 200 scientific papers and 10 patented inventions, the acting research engineer of R & D Center, Weverinstruments Co., LTD, Seoul, Korea, joined to Our Project as our Advisor. Sergiy Oliynyk has an enormous experience: his practice sphere includes such directions as “Cancer Prevention and Treatment”, “Sports Medicine (Sports Nutrition, Pharmacology, Physiotherapy)”, “Clinical Pharmacology, Sports Pharmacology”, “Pharmacology of Antioxidants and Antihypoxants” , “Phytochemical and metabolic drugs” and this all is only a small part. He has dozens of clinical and experimental studies in cancer research; composition of proper nutrition for athletes research, cancer patients, people with obesity and much more. |
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This Week #7: TENxCLUB, Money20/20 , SCBAM, Shapeshift. Harith & Isabel fills us in on TENxCLUB press conference, exciting Money 20/20 Asia Payments Race and crypto market news on SCBAM and Shapeshift. https://www.youtube.com/watch?v=vCB1W6ZmAtQ |
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ICO report & token unlockThe new fascinating chapter of CREDITS story has begun and we would like to thank every member who has joined our movement for their interest, support and taking part in this significant event. Our ICO was successfully completed. https://credits.com/en/Home/New_Ins/4310
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