[CBT] CommerceBlock Decentralised Financial Infrastructure

[nicosey]

What is the usage of CBT? what kind of services?

We offer variety of services for businesses, from managing public sidechains and all the orchestration to trading and commerce tools on top of these sidechains, CBT is the token used to pay for these services.

Hi I think my question above was missed

-So do you need specialised hardware to join a federation and be paid in CBTs?  If so is it mining hardware or normal servers?

Would like to know because I have a SHA-256 miner!

No, it would be more like POS

[nicosey]

Volume is increasing on EtherDelta by the day. I'm not selling yet though lol

This is a long term hodl imo.

Just needs some kind of passive income. 

From what I understand you will have that opportunity by running a sidechain that gets paid in CBTs.

If my understanding is right?

I Believe CBTs will be rewards for assisting the networlk in general. Securing sidechains, performing smart contracts etc.
Correct?

Our roadmap is modelled around clients.  More value in tech when its in use...

Correct, CBTs will be rewards/fees for various services, managing the sidechains which includes global network availability, securing with specialized hardware, on top of these sidechains will provide services and smart contracts functionality that are payable in CBTs.

Looking forward to getting stuck in!
Any idea when these things will be implemented?
Would love to see an updated roadmap

[omashi]

Volume is increasing on EtherDelta by the day. I'm not selling yet though lol

This is a long term hodl imo.

Just needs some kind of passive income. 

From what I understand you will have that opportunity by running a sidechain that gets paid in CBTs.

If my understanding is right?

I Believe CBTs will be rewards for assisting the networlk in general. Securing sidechains, performing smart contracts etc.
Correct?

Correct, CBTs will be rewards/fees for various services, managing the sidechains which includes global network availability, securing with specialized hardware, on top of these sidechains will provide services and smart contracts functionality that are payable in CBTs.

Looking forward to getting stuck in!
Any idea when these things will be implemented?
Would love to see an updated roadmap

We will be focusing on sidechains for most of 2018, we are planning to have first network by end Q2, after that we will be working on adding the advanced services on top.
We are working on updating website and the information, we will release a new one in the upcoming weeks.

[lucasarab]

What is the usage of CBT? what kind of services?

We offer variety of services for businesses, from managing public sidechains and all the orchestration to trading and commerce tools on top of these sidechains, CBT is the token used to pay for these services.

What is the usage of these sidechains?

[nicosey]

What is the usage of CBT? what kind of services?

We offer variety of services for businesses, from managing public sidechains and all the orchestration to trading and commerce tools on top of these sidechains, CBT is the token used to pay for these services.

What is the usage of these sidechains?

Asset issuance.  Will have paper our of of them to show case what we are doing with some clients.

[flip909]

What is the usage of CBT? what kind of services?

We offer variety of services for businesses, from managing public sidechains and all the orchestration to trading and commerce tools on top of these sidechains, CBT is the token used to pay for these services.

What is the usage of these sidechains?

I think the sidechains can be private if required by the customers. They can create tokens on it and have more control over everything this way. The customers would pay in CBT for the services (sidechains, smart contracts etc)
This is my understanding. Please correct me if wrong

[nicosey]

What is the usage of CBT? what kind of services?

We offer variety of services for businesses, from managing public sidechains and all the orchestration to trading and commerce tools on top of these sidechains, CBT is the token used to pay for these services.

What is the usage of these sidechains?

I think the sidechains can be private if required by the customers. They can create tokens on it and have more control over everything this way. The customers would pay in CBT for the services (sidechains, smart contracts etc)
This is my understanding. Please correct me if wrong

We are thinking a like

[lucasarab]

What is the usage of CBT? what kind of services?

We offer variety of services for businesses, from managing public sidechains and all the orchestration to trading and commerce tools on top of these sidechains, CBT is the token used to pay for these services.

What is the usage of these sidechains?

I think the sidechains can be private if required by the customers. They can create tokens on it and have more control over everything this way. The customers would pay in CBT for the services (sidechains, smart contracts etc)
This is my understanding. Please correct me if wrong

So why not just use ERC20? the issuer can still control the smart contract.

[Lock$mith]

What is the usage of CBT? what kind of services?

We offer variety of services for businesses, from managing public sidechains and all the orchestration to trading and commerce tools on top of these sidechains, CBT is the token used to pay for these services.

What is the usage of these sidechains?

I think the sidechains can be private if required by the customers. They can create tokens on it and have more control over everything this way. The customers would pay in CBT for the services (sidechains, smart contracts etc)
This is my understanding. Please correct me if wrong

So why not just use ERC20? the issuer can still control the smart contract.

Is it because ERC20 doesn't provide the same privacy functionality as BIP175 can?

[omashi]

What is the usage of CBT? what kind of services?

We offer variety of services for businesses, from managing public sidechains and all the orchestration to trading and commerce tools on top of these sidechains, CBT is the token used to pay for these services.

What is the usage of these sidechains?

I think the sidechains can be private if required by the customers. They can create tokens on it and have more control over everything this way. The customers would pay in CBT for the services (sidechains, smart contracts etc)
This is my understanding. Please correct me if wrong

So why not just use ERC20? the issuer can still control the smart contract.

There are several advantages for issuing tokens on public sidechain vs ERC20 in many use cases.
1. Flexibility and control: in some markets there is heavy regulation and compliance required (AML/KYC), the ability to control the sidechain in certain conditions is mandatory by regulators.
2. Efficiency: sidechain fees model is flexible, owners can use their own native token or bitcoin or CBT as a "gas", the fees are set to make it competitive, and since this POS based rather POW, it's much cost effective.
3. Interoperability: CommerceBlock sidechains will be interoperable with bitcoin and ethereum blockchain (CBT token)

[omashi]

What is the usage of CBT? what kind of services?

We offer variety of services for businesses, from managing public sidechains and all the orchestration to trading and commerce tools on top of these sidechains, CBT is the token used to pay for these services.

What is the usage of these sidechains?

I think the sidechains can be private if required by the customers. They can create tokens on it and have more control over everything this way. The customers would pay in CBT for the services (sidechains, smart contracts etc)
This is my understanding. Please correct me if wrong

So why not just use ERC20? the issuer can still control the smart contract.

Is it because ERC20 doesn't provide the same privacy functionality as BIP175 can?

This is another advantage, privacy is a challenge in Ethereum in general since it's account based with no confidentiality at all.
CommerceBlock sidechains offer better privacy in several aspects, one is confidential transfers where the amount and asset type is blinded, second is the ability to embed external data into addresses in private manner using BIP175.

[CryptoLuck07]

he token sale is very fast. I did not make an ICO investment because I realized late. The only thing I can do right now is to take it from Etherdelta.

[motionerror]

ICO went very smoothly, thanks for the updates on your blog posts & telegram.

When do you plan to launch the first set of sidechains

[Mikesol]

Any plans for mining this coin?

[omashi]

ICO went very smoothly, thanks for the updates on your blog posts & telegram.

When do you plan to launch the first set of sidechains

We're planning to launch by end of Q2 this year.

[omashi]

Any plans for mining this coin?

We have PoS based systems, we are planning to launch PoS based sidechains, fees will be payable in CBTs, next we will offer complementary services for commerce and trading on top of sidechains that will be possible to join and earn CBT tokens as well.

[lucasarab]

What is the usage of CBT? what kind of services?

We offer variety of services for businesses, from managing public sidechains and all the orchestration to trading and commerce tools on top of these sidechains, CBT is the token used to pay for these services.

What is the usage of these sidechains?

I think the sidechains can be private if required by the customers. They can create tokens on it and have more control over everything this way. The customers would pay in CBT for the services (sidechains, smart contracts etc)
This is my understanding. Please correct me if wrong

So why not just use ERC20? the issuer can still control the smart contract.

Is it because ERC20 doesn't provide the same privacy functionality as BIP175 can?

This is another advantage, privacy is a challenge in Ethereum in general since it's account based with no confidentiality at all.
CommerceBlock sidechains offer better privacy in several aspects, one is confidential transfers where the amount and asset type is blinded, second is the ability to embed external data into addresses in private manner using BIP175.

What is BIP175?

[omashi]

What is the usage of CBT? what kind of services?

We offer variety of services for businesses, from managing public sidechains and all the orchestration to trading and commerce tools on top of these sidechains, CBT is the token used to pay for these services.

What is the usage of these sidechains?

I think the sidechains can be private if required by the customers. They can create tokens on it and have more control over everything this way. The customers would pay in CBT for the services (sidechains, smart contracts etc)
This is my understanding. Please correct me if wrong

So why not just use ERC20? the issuer can still control the smart contract.

Is it because ERC20 doesn't provide the same privacy functionality as BIP175 can?

This is another advantage, privacy is a challenge in Ethereum in general since it's account based with no confidentiality at all.
CommerceBlock sidechains offer better privacy in several aspects, one is confidential transfers where the amount and asset type is blinded, second is the ability to embed external data into addresses in private manner using BIP175.

What is BIP175?

BIP175 is proposal that we have submitted last year to the bitcoin community, it is based on academic paper Pay to Contract and Homomorphic Addresses, the BIP is an extension to the Hierarchical Deterministic Wallets protocol (BIP32), it adds support to associate data to bitcoin address, here is more info about it github.com/bitcoin/bips/blob/master/bip-0175.mediawiki
We have built a simple invoicing app to demonstrate this concept, you can access it here https://trade.commerceblock.com

[Lock$mith]

Any plans for mining this coin?

We have PoS based systems, we are planning to launch PoS based sidechains, fees will be payable in CBTs, next we will offer complementary services for commerce and trading on top of sidechains that will be possible to join and earn CBT tokens as well.

As it's a PoS based system does that mean there might be CBT masternodes in future too?

[omashi]

Any plans for mining this coin?

We have PoS based systems, we are planning to launch PoS based sidechains, fees will be payable in CBTs, next we will offer complementary services for commerce and trading on top of sidechains that will be possible to join and earn CBT tokens as well.

As it's a PoS based system does that mean there might be CBT masternodes in future too?

We don't have that, sidechains will be managed by federation of functionaries, PoS is used for two purposes signing blocks and evolving consensus rules on the network.