[ANN]🚀 OPTHERIUM🚀 Synergy of Blockchain solutions

[oficman]

How and where do you store information?

This question is very important for us. We are thinking not only about security of users funds but also about security of users private information. We are utilizing technology of private blockchain network which restricts access level for authorized users. Also information is distributed between different services which utilize their own private blockchains. For example all information about user is stored by KYC, but it doesn't have any information of user's wallets. KYC service doesn't store raw sensitive information even email addresses and phone numbers, nobody in Optherium labs company has access to this information. Also Optherium labs has patented multidecentralized technolody(need to clarify the name of patent) to store sensitive data needed for AML as well as any other data in absolute new manner. This data can be retrieved only if some condition or multiple conditions happened.

Why distribute information about users between different organizations?

It distribute not by different organizaion but by different servicies of the wallet which utilize their own private blockchains. For example all information about user is stored by KYC, but it doesn't have any information of user's wallets. KYC service doesn't store raw sensitive information even email addresses and phone numbers, nobody in Optherium labs company has access to this information.

It is done to have more security.

And does the project team have access to phone numbers and data from electronic boxes?

[Aleksandra 81]

This information is not about project tokens. This information abount different cryptocurency from which will work the wallet.

That is, for carrying out some transactions in the purse will be written off the reward for the miners and for processing other transfers will not be charged off the commission?

[oficman]

The project team will be able to help investors in the restoration of access to accounts?

[Aleksandra 81]

when ico starts?

The current plan is to start the pre-ICO sale in July 2018 before the ICO main event. The specific dates will be published on the website later in May.

The subscription to the white list will start at 1st of June.

What is this white list?

[veranika55]

How and where do you store information?

This question is very important for us. We are thinking not only about security of users funds but also about security of users private information. We are utilizing technology of private blockchain network which restricts access level for authorized users. Also information is distributed between different services which utilize their own private blockchains. For example all information about user is stored by KYC, but it doesn't have any information of user's wallets. KYC service doesn't store raw sensitive information even email addresses and phone numbers, nobody in Optherium labs company has access to this information. Also Optherium labs has patented multidecentralized technolody(need to clarify the name of patent) to store sensitive data needed for AML as well as any other data in absolute new manner. This data can be retrieved only if some condition or multiple conditions happened.

Why distribute information about users between different organizations?

It distribute not by different organizaion but by different servicies of the wallet which utilize their own private blockchains. For example all information about user is stored by KYC, but it doesn't have any information of user's wallets. KYC service doesn't store raw sensitive information even email addresses and phone numbers, nobody in Optherium labs company has access to this information.

It is done to have more security.

And does the project team have access to phone numbers and data from electronic boxes?

No, they don't have access.

[veranika55]

This information is not about project tokens. This information abount different cryptocurency from which will work the wallet.

That is, for carrying out some transactions in the purse will be written off the reward for the miners and for processing other transfers will not be charged off the commission?

The commissions to be charged for transactions on the ecosystem will vary from 0.1% to 0.5% of the value of the transaction. This is commission of the wallet, miners will receive their commission for the work.

From 0.1% to 0.5% it is a realy small commissions. The ecosystem can not functional without commissions at all.

[veranika55]

And what currencies can I put on such a purse in the first stage?

It will be a multycurrency wallet. More the 100 cryptocurencies for the first year.

It's a lot. And by what principle will the coins be selected in these 100?

The easiest and most convenient way is to select the top 100 coins for example with coinmarketcap

Yes you  are right it will be top coins for capitalization.

[Todaytech]

"the multi currency and multisignature transactions" does this mean that able simultaneously send to multiple accounts with different crypto-currencies?

Is it technically possible?

[Charisma359]

No, they don't have access.

If the investor loses information about his data, will the team assist him in restoring access to the account?

[veranika55]

"the multi currency and multisignature transactions" does this mean that able simultaneously send to multiple accounts with different crypto-currencies?

Multi currency mean that the wallet use many cryptocurrencies.
Multi signature is necessary th rise the security.

Let's me explain a litle bit.

In wide meaning the multisignature wallet works very simple. If you have n-of-m multisignature wallet it means that to perform successful transaction you need to collect any n signatures of set of m previous defined keys. In our case we use 2-of-3 multisignature addresses. User has its own key and can use it with key stored in Wallet Provider Service or with key stored in Key Recovery Message. Because of user can't send transaction without the second signature we prevent  attacks such as Double Spending Error and Replace By Fee and can guarantee instant confirmations in our network. Also user can set up different conditions and restrictions (smart contracts) how and when the second key can be used. It's additionally protects funds if user's key was stolen. The third key is stored very securely and is used only in case of user's key lost after verification process.

Very simple there are 3 signature - 1 signature - users, 2 signature - wallet - to protect transaction, 3 signature - only to restore a user's key that was lost.

[veranika55]

"the multi currency and multisignature transactions" does this mean that able simultaneously send to multiple accounts with different crypto-currencies?

Is it technically possible?

I just explain how it works

In wide meaning the multisignature wallet works very simple. If you have n-of-m multisignature wallet it means that to perform successful transaction you need to collect any n signatures of set of m previous defined keys. In our case we use 2-of-3 multisignature addresses. User has its own key and can use it with key stored in Wallet Provider Service or with key stored in Key Recovery Message. Because of user can't send transaction without the second signature we prevent  attacks such as Double Spending Error and Replace By Fee and can guarantee instant confirmations in our network. Also user can set up different conditions and restrictions (smart contracts) how and when the second key can be used. It's additionally protects funds if user's key was stolen. The third key is stored very securely and is used only in case of user's key lost after verification process.

[Todaytech]

This information is not about project tokens. This information abount different cryptocurency from which will work the wallet.

That is, for carrying out some transactions in the purse will be written off the reward for the miners and for processing other transfers will not be charged off the commission?

The commissions to be charged for transactions on the ecosystem will vary from 0.1% to 0.5% of the value of the transaction. This is commission of the wallet, miners will receive their commission for the work.

From 0.1% to 0.5% it is a realy small commissions. The ecosystem can not functional without commissions at all.

Thank you! I now figured out that there are no free transactions.

[veranika55]

No, they don't have access.

If the investor loses information about his data, will the team assist him in restoring access to the account?

 The third key is stored very securely and is used only in case of user's key lost after verification process. Users must to protect his privite keys. 1st key to make transactions, 3rd key - to restore the 1st key if user lost it.

3rd key always keep separatly from the 1 key. It you lost 1 key you can restore it using 3rd key.

It can do only the user.

[veranika55]

This information is not about project tokens. This information abount different cryptocurency from which will work the wallet.

That is, for carrying out some transactions in the purse will be written off the reward for the miners and for processing other transfers will not be charged off the commission?

The commissions to be charged for transactions on the ecosystem will vary from 0.1% to 0.5% of the value of the transaction. This is commission of the wallet, miners will receive their commission for the work.

From 0.1% to 0.5% it is a realy small commissions. The ecosystem can not functional without commissions at all.

Thank you! I now figured out that there are no free transactions.

There are free transactions for user if he pays by debit or credit card. The commission will pay the seller. Buyer (the user) will not pay commission.

[ClickAuto]

This information is not about project tokens. This information abount different cryptocurency from which will work the wallet.

That is, for carrying out some transactions in the purse will be written off the reward for the miners and for processing other transfers will not be charged off the commission?

The commissions to be charged for transactions on the ecosystem will vary from 0.1% to 0.5% of the value of the transaction. This is commission of the wallet, miners will receive their commission for the work.

From 0.1% to 0.5% it is a realy small commissions. The ecosystem can not functional without commissions at all.

Thank you! I now figured out that there are no free transactions.

There are free transactions for user if he pays by debit or credit card. The commission will pay the seller. Buyer (the user) will not pay commission.

But this will be possible only in the case when the team adds to the functionality of the platform the ability to use bank cards.

[Enchantment99]

No, they don't have access.

If the investor loses information about his data, will the team assist him in restoring access to the account?

 The third key is stored very securely and is used only in case of user's key lost after verification process. Users must to protect his privite keys. 1st key to make transactions, 3rd key - to restore the 1st key if user lost it.

3rd key always keep separatly from the 1 key. It you lost 1 key you can restore it using 3rd key.

It can do only the user.

The team has well developed the functionality of the wallet. In the event of its hacking, hackers will still not get money from users.

[berlinboy]

Thanks to which more than 100 thousand transactions per second are possible?

One of the primary services supported by the Optherium Ecosystem is the Wallet provider Service (WrS), which allows users to securely store digital assets and sensitive data. Once stored, assets can easily be bought, sold, and transferred worldwide at rates of 100,000 transactions per second, as well as be instantly converted from any supported currency into another, both digital and fiat. All used technologies will be patented.

What is this the Wallet provider Service (WrS)?

[ClickAuto]

Multi-currency wallet with KYC, fingerprints and the like. I did not know than such a wallet exists. Do you have competitors?

Personally, I have not met with such conditions for checking crypto-currency wallets.

[berlinboy]

Hi
Can you explain what Optherium makes unique from other cryptonote coins? What is the goal of this project that will set it apart and make it a valuable coin in the future?

Thank you in advance!

Optherium’s Value Proposition: “Each element of the Optherium Ecosystem has been designed to address the three core problems of today’s blockchain  industry: speed of currency conversions and confirmations, security of digital assets, and usability of digital assets. Not only does Optherium help users manage and use their digital assets more intuitively, but Optherium fundamentally changes blockchain technology so it is usable by the e-commerce, banking, and financial industries. Optherium provides a complete Blockchain solution for enterprises.”

Does the project plan to cooperate with the banking system?

[veranika55]

Dynamic Biometric™ Verification by Optherium Labs.

With new breakthrough technologies and innovations, we find ourselves looking for the best solution to protect our valuable information with maximum security in the most intuitive way possible.That is why the biometrics market overall is expected to grow to more than $30 billion by 2021 and we believe cybersecurity has the potential to become one of the hottest industries globally by 2020.