BitForex Token

BitForex Token BF

$0.0020
Market Cap $ 8.634 MM (#523)
24h Volume $ 607.245 K
Chg. 24h: 0.59%
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BitForex Token News

We are going #LIVE for the BnkToTheFuture Newbies AMA with o...

We are going #LIVE for the BnkToTheFuture Newbies AMA with our CEO, @SimonDixonTwitt in 60 minutes to answer your q… https://t.co/azXiyVP86N

3 months ago

The biggest challenges of building a decentralized database ...

The biggest challenges of building a decentralized database is to find a suitable BFT system, says @pavelbains in t… https://t.co/E5WbL90x9t

3 months ago

#BFLive 🔴 from San Francisco - Leaders from Binance US, BnkT...

#BFLive 🔴 from San Francisco - Leaders from Binance US, BnkToTheFuture, Coinbase, Pantera & Blockchain Capital come… https://t.co/WLSWS10W35

7 months ago

BnkToTheFuture CEO says 50% of Funding Will Come From Security Tokens by 2020

BnkToTheFuture, an online investment platform, recently announced plans to expand its security token offering (STOs) service to the U.S. via an investment in a broker approved and licensed by the U.S. Securities and Exchange Commission (SEC). The firm acquired a stake in BMI Capital International’s holding company and this allows BnkToTheFuture to offer STOs in the U.S. market. The company told CoinDesk that by “2020 up to 50 percent will opt for an innovative security token that improves the potential for returns for investors over traditional equity.” To date, BnkToTheFuture has launched two security tokens, one of which was the Bitfinex hack recovery token which could be converted to Bitfinex equity, and the Lottery.com revenue share token. CEO Simon Dixon also said three more STO offerings are scheduled for 2020 and to date the platform has convinced 450 individuals to invest in STOs. (RS)

10 months ago

THORChain Digital Asset Report by SIMETRI Research

Introduction to THORChain Altcoins have taken a beating over the last few months, as Bitcoin has re-established serious cryptocurrency dominance. At the time of writing, Bitcoin accounted for 66.7% of all cryptocurrency value. That’s down slightly from a high of over 70%, a couple of weeks back. But it means that the altcoin market has been tougher than skiing backwards down Everest - wearing a blindfold. And that’s why we even cast our eyes over THORChain to begin with - because we think that the next major altcoin surprise won’t necessarily come from those tokens that hang around the Top 50 on CMC - or even the Top 100. Essentially, with the market experiencing some turbulence and altcoins taking the biggest hit, the risk reward ratio is starting to look very promising for some small cap projects. Microcap projects, in particular, offer tremendous potential, and now at a deep discount. THORChain was the SIMETRI Pick of the Month for October 2019 - a summary of its token performance is at the bottom of this post. THORchain is a staking-driven liquidity platform. Users are financially incentivized to stake various tokens and thereby provide liquidity, offering traders and opportunity to seamlessly swap between various available assets. THORChain Market Opportunity THORChain has been building a solution that aims to interconnect different blockchains and create a deep liquidity network that would provide staking and swapping opportunities for its users. The project targets the young decentralized finance (DeFi) space that has seen tremendous growth in the past two years. Since 2017, the capital locked up in DeFi applications has grown from 0 to over $500M, a trend that will likely continue over the next decade. While the DeFi projects all focus on different areas of the growing decentralized finance space, liquidity solutions are getting more attention. There are players like Uniswap and Bancor, that were able to attract a fair amount of interest, due to the staking and swapping benefits they provide. Since decentralized platforms let you stake your assets in a non-custodial manner, it represents a safe and profitable way for HODLing. As more people realize the value offering of such platforms, this should lead to a large influx of users and liquidity. So far, THORChain’s competition has focused its development mainly on Ethereum. For example, Uniswap has already built similar functionality, allowing swapping and staking of ERC20 tokens. Likewise, 0x has been developing its own stake-base liquidity solution. The only project that was able to bridge new blockchains is Bancor who have created a liquidity staking mechanism for EOS. THORChain’s competitive advantage comes from it being an exclusive liquidity solution for the Binance Chain ecosystem. It will be the first to provide staking opportunities for BEP2 token holders. Furthermore, according to the team, they have direct access to the communities of different Binance projects, and it will not be difficult for them to attract stakers to their liquidity pools. Overall, this is one of the most dynamically developing segments of the space, with a large number of users and projects recently moving to Binance Chain. Having no competition in the Binance ecosystem, the project has a good chance to funnel this activity to its platform, and become an important piece of this ecosystem. THORChain Underlying Technology THORChain’s technological proposition of consolidating liquidity across various blockchains goes beyond what its competitors can offer. Still, much of its proclaimed functionality remains in the pipeline. At this stage, the only tangible product, BEPSwap, is limited and largely based on pre-existing technology. At the center of the project is a fast BFT consensus engine called Tendermint Core, which is a product of Tenderment Inc, the team behind Cosmos. It gives THORChain two main advantages over its rivals: higher scalability and fast, deterministic finality. THORChain boasts instant block finality, which enables secure and high-speed token swaps, especially in comparison to its competitors. To give perspective, Bancor users claimed to be waiting for 3 to 6 minutes for a swap, while on THORChain this would take seconds. Furthermore, the network can replicate any other blockchain’s token by creating a sidechain with the same parameters, such as supply and divisibility. The process requires only a single transaction, whereas competitors would need months to connect their platforms to other chains and add non-Ethereum based assets. The team plans to use the Bifröst Protocol to connect the network to other blockchains via bridges. Bridges hold the original assets on multi-signature wallets controlled by the network’s validators via threshold signatures and maintain corresponding amounts of the proxy tokens on THORChain. Entering the platform from a connected blockchain would mean just sending the original token to a multisig address and exiti

a year ago

Kim Dotcom Is Selling His Self Built ‘Bitcoin’ Token On Bitfinex

The Bitfinex platform has announced earlier this week that it’s Initial Exchange Offering (IEO) platform Tokinex is to relaunch as Bitfinex token sales and will provide the token of P2P digital content and monetisation blockchain K.IM on 22nd October. According to a recent press release earlier this week, K.IM has raised $2.5 million in funding from BnkToTheFuture, Bitcoin Capital and even Max Keiser. The project's roadmap states that the platform is believed to go live in the third quarter of next year. Also known as Kimble and Kim Tim Jim Vestor, Kim Dotcom is a German-Finnish Internet entrepreneur and political activist who first rose to fame in the 1990s as an Internet figure. Well, the founder of the now-defunct file hosting service Megaupload has commented on the development saying: “Combining the internet with Bitcoin gives us a real chance of achieving the original promise of the internet; freedom of speech, commerce and finance. I founded K.im to allow artists, content creators and digital businesses to cut out all the middlemen and sell content and digital goods without censorship and outside of monopolies.” Kimble went onto say that the bitcoin blockchain has been able to scale so far and is now able to support a range of new potential. “We can finally create our KIM token on top of Bitcoin thanks to recent technical breakthroughs like Lightning and Liquid. Bitfinex is the perfect partner to help us distribute KIM tokens, built on Bitcoin, to those who want to access the freedoms that our products provide.” Bitfinex mea while highlights that the reward IEO platform will have “direct integrations with the Bitfinex exchange itself.” The firm's chief tech officer Paolo Ardoino made some notes on the current state of things. “Most IEO’s are marketing campaigns that focus on achieving a short-term result, but that’s not how real businesses are built. Successful businesses are built through long-term, sustainable growth.” It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

a year ago

Kim Dotcom Project Launching on New Bitfinex Token Sales Platform

Coinspeaker Kim Dotcom Project Launching on New Bitfinex Token Sales PlatformCryptocurrency exchange Bitfinex announced the relaunching of its Initial Exchange Offering (IEO) platform Tokinex that will now become Bitfinex Token Sales and will offer the token of P2P digital content and monetization blockchain K.IM starting from October 22.As per the company’s words, K.IM, is pitched “secure and dynamic ecosystem” where consumers and publishers of digital content can easily transact, and, what is more important, without the middleman.Per the announcement, K.IM managed to collect $2.5 million in funding from BnkToTheFuture, Bitcoin Capital and American broadcaster and crypto entrepreneur Max Keiser. The project has also published a roadmap on which is visible that the platform is expected to go live in Q3 2020 at the same time as it plans to be officially listed on Bitfinex.K.IM’s main use-cases will be purchasing content, allowing content creators to offer buyers “perks and bonuses,” and supporting a native loyalty and rewards program.Entrepreneur, digital rights activist and founder of now-defunct file-sharing website Megaupload, Kim Dotcom, said on the development:“Combining the internet with Bitcoin gives us a real chance of achieving the original promise of the internet; freedom of speech, commerce and finance. I founded K.im to allow artists, content creators and digital businesses to cut out all the middlemen and sell content and digital goods without censorship and outside of monopolies.”Dotcom commented on how the Bitcoin blockchain managed to rise so high so now it is able to contribute a whole bunch of new alternatives. He explained:“We can finally create our KIM token on top of Bitcoin thanks to recent technical breakthroughs like Lightning and Liquid. Bitfinex is the perfect partner to help us distribute KIM tokens, built on Bitcoin, to those who want to access the freedoms that our products provide.”However, let’s not forget that the authorities have fought to deport Dotcom from his chosen homeland, New Zealand, since 2012. They proclaimed Dotcom made millions of dollars by allowing illegal file-sharing to run rampant on above-mentioned Megaupload.That’s why it’s a little bit strange that K.IM marketing materials promise the network “will allow any publisher and content creator to publish and sell their digital content.” Dotcom commented:“The technology allows users to sell their content. K.im does not know what content they are selling as it will be stored on their chosen storage service and encrypted with the publisher’s key. If they store it on Dropbox, for example, they will need to ensure compliance with Dropbox terms and conditions.”In the meantime, Bitfinex manages to take note of the fact that the renewed IEO platform will have “direct integrations with the Bitfinex exchange itself.”The company’s chief technology officer Paolo Ardoino commented on the current IEO scenery:“Most IEO’s are marketing campaigns that focus on achieving a short-term result, but that’s not how real businesses are built. Successful businesses are built through long-term, sustainable growth.”Bitfinex introduced that its native utility token, Unus Sed Leo (LEO), will also be part of all future token sales and its owners will have access to higher allocations than those holding other digital assets.Recently we reported that US crypto exchange Coinbase may also launch an IEO platform and issue a proprietary exchange token. Before them, the first exchange to start supporting IEO was Binance. By now, 12 cryptocurrency exchanges, including OKEx, Huobi, Kucoin, and Bittrex, have announced their IEO platforms, and 39 projects have already participated in IEOs.Kim Dotcom Project Launching on New Bitfinex Token Sales Platform

a year ago

Bitfinex relaunches IEO platform with retooled structure and tech

Bitfinex has relaunched its token platform as "Bitfinex Token Sales," with an inaugural sale from monetization blockchain network K.im. This comes after the first iteration of the platform, Tokinex, was stalled when its primary funder Ethfinex split from sister company Bitfinex in a management buyout. The Bitfinex Token Sales platform will facilitate the primary issuance, development and launch of digital assets. Bitfinex CTO Paolo Ardoino said observing IEOs across platforms led the company to rework its approach and technology in the space. The project now has more of a long-term focus as opposed to the short-term results IEOs often target, according to Ardoino. The Token Sales platform filters out prohibited users, including those based in the U.S. Synaps filter out such users, and the platform also asks users to confirm they are not U.S. citizens. Those who confirm they are not can continue to utilize the service, according to Bitfinex. The platform will launch with a token sale by K.im, a digital content sales platform started by Kim Dotcom, the founder of now-defunct filesharing site Megaupload. The timing of the K.IM token sale, however, has yet to be announced. The connected project, the K.im platform, goes live in Q3 2020, coinciding with the listing of KIM tokens. Kimcoin is not a security, according to Bitfinex, and its token sale is a crypto-to-crypto transaction, meeting necessary compliance standards. The token enables micropayments on the coming K.im platform, K.IM, a P2P digital content and monetization blockchain network, and has already raised $2.5 million in funding from the likes of Bitcoin Capital and BnkToTheFuture among others.

a year ago

BnkToTheFuture Invents the Future by Going into Security Token Offerings

Coinspeaker BnkToTheFuture Invents the Future by Going into Security Token OfferingsIf you are heavily into cryptocurrencies, you’d know of BnkToTheFuture, an investment platform that matches investors with investments. Based entirely online, they use their online investment platform to assist those high net worth investors who have limited knowledge about cryptocurrencies to invest in profitable ventures.They recently decided to allow for Security Token Offerings which are becoming increasingly popular with cryptocurrency investors. The firm is expected to invest a yet-to-be-announced amount in the UK cryptocurrency consulting firm Diacle which is best known for its services in cryptocurrency investments and consulting to provide preparatory services which include investment advice to potential clients who would want to list their offerings with BnkToTheFuture.In an interview with Coindesk, the CEO Simon Dixon, said:“We get an average of 45 applications per week from fintech and crypto companies seeking funding. 18 percent of these are now looking at security tokens.”Noting the new nature of the asset class he added:“The big challenge for the industry is investors want to invest in security tokens because they offer additional liquidity. But the liquidity is not there yet, as the asset class is very new,”This, of course, must have been what prompted them to take STOs seriously in the first place.BnkToTheFuture has Made its Mark in the Crypto SpaceBnkToTheFuture has made its mark in cryptocurrency investments by offering a non-traditional means of investment in the crypto space. They make things work by providing a matching service adjusting each investment portfolio with the investor’s preferences.Using special purpose vehicles as a means of entry and exit, the investment platform has been able to provide much-needed funds to notable cryptocurrency firms globally. Such firms include Kraken, Coinbase and Ripple Labs Inc. So much so that as of July this year they were reported to have raised over $800 million in investment capital so far.STOs Face Regulatory ChallengesThe primary issue that Security Token Offerings face is the regulatory oversight that is needed for such activities. Most governments the world over haven’t yet made up their minds about the inclusion of digital assets to be among those assets which can be offered to the investing public.Secondly, the issue of failure of investment still exposes investors to extremely higher levels of risk than in the case of regular investments. As such, with such risks come higher returns on investments occur. It takes the brave to be able to tame the volatile nature of such investments and ride out the wave to be able to profit extensively.STO Market Grows ExponentiallyThe security tokens market is on the verge of a massive explosion. Statistics have indicated a wild surge in the number of security token events. Two events occurred in 2017, 25 in 2018 and 85 are projected this year alone.This gives a tremendous opportunity to anyone willing to enter the market as it will not remain small for long. In all probability, the securities token market could be worth $2 trillion by 2030. BnkToTheFuture has shown that they have what it takes to be innovative so far. How they will overcome the regulatory apathy remains yet to be seen but it is possible.BnkToTheFuture Invents the Future by Going into Security Token Offerings

a year ago

BnkToTheFuture Announces Plans For Security Token Offerings

Fundraising platform BnkToTheFuture has announced that it is going to enable Security Token Offerings (STOs). Several fintech and blockchain companies have raised money on the Hong Kong-based platform. According to its CEO Simon Dixon, they receive an average of 45 new applications every week, and 18% of them are looking at security tokens. BnkToTheFuture will place an undisclosed stake in crypto consultancy firm Diacle to build a shared security token advisory and investment service. Qualified investors will soon be able to invest in companies in exchange for security tokens. BnkToTheFuture already has a network of 87,000 qualified investors, and the new service will allow companies to raise money through STOs in a compliant environment. STOs are a fast-growing market. In 2017, there were only 2 STOs, and in 2018 there were 25. However, in 2019, 87 projects have already raised money through STOs. (VS)

a year ago

Investing Platform BnkToTheFuture to Enable Security Token Offerings

BnkToTheFuture, a fundraising platform for fintech and blockchain companies, is gearing up to enable security token offerings (STOs).

a year ago

Cosmos Defies Crypto Crush With 30% Surge For ATOM

The week has ended positively for Bitcoin which has made a move up to resistance, gaining 3 percent on the day. The same cannot be said for the majority of the other crypto coins, which are still languishing at lows and unable to get in gear. That is all except one which has taken off like a rocket today in a move reminiscent of the 2017 altcoin pumps. Cosmos Reaches For The Stars It is another day of tedium for crypto markets and altcoins, with most of them lulling around the bottom of the digital pond with less momentum than an ageing sloth. Only one shining star is among them at the moment and it has just had a price pump rarely seen for any crypto asset in recent times. ATOM has surged over 30 percent over the past 24 hours climbing from yesterday’s low of around $2.50 to hit a high of just below $3.30 a couple of hours ago during Asian trading. Volume has cranked to over $200 million for this token which has been on a downward slide since June along with its siblings. ATOM price 24 hours - Coinmarketcap.com According to the blurb on its website, Cosmos is a decentralized network of independent parallel blockchains, each powered by BFT consensus algorithms. Its native token has now surpassed Chainlink and Maker in terms of market capitalization which has just exceeded $600 million. It is just behind NEO which currently holds 20th spot in the market cap charts. The majority of trade is currently taking place at what appears to be a Chinese exchange called Hotbit. Over a third of all ATOM tokens have been traded there in the past 24 hours indicating huge demand by Chinese traders if this is the case. There is nothing on the project twitter feed or reddit explaining the pump but it could be linked to a listing on Canadian crypto broker Voyager Digital. According to reports, the platform just announced the listing of ATOM, TEZOS, and BTT, bringing its total to 27 crypto assets. Crypto Markets Still in Pain Tezos has not moved, but BTT is up 5.5 percent today so the listing may have had some effect on prices. Thirty percent however seems unlikely as there have been very few large FOMO induced pumps for any of the altcoins this year. There is not much to see elsewhere on altcoin markets as we round out another week. Nothing in the top ten has moved aside from Bitcoin, and Dash is the only other altcoin making a little with a 4 percent gain to $85. Image from Shutterstock The post Cosmos Defies Crypto Crush With 30% Surge For ATOM appeared first on NewsBTC.

a year ago

BnkToTheFuture invests in Diacle to drive security token adoption

BnkToTheFuture invests in Diacle to drive security token adoption - CryptoNinjas BnkToTheFuture, an online investment platform, today announced a strategic investment in Diacle, a UK FCA appointed representative blockchain consultancy, to boost security token adoption. Through this investment, BnkToTheFuture aims to reach a wider pool of investors and launch new security token corporate...

a year ago

Theta Token: SIMETRI Research Digital Asset Report and Rating

Theta Market Opportunity The Theta Network aims to serve two different market niches within the online video industry. Firstly they are targeting live video streaming. Eventually as the platform evolves Virtual Reality video streaming functionality will also be made available. Secondly, there is the Video on Demand (VoD) market which The Theta Network has plans to grow into and serve further down the line. Once this functionality has been achieved through continual upgrades to the protocol, applications built on The Theta Network will (in theory) be able to rival the likes of YouTube, Twitch and Facebook. According to Statistics MRC, the global video streaming market is expected to reach $83B by 2022, growing at a compound annual growth rate of 17.9% from 2015 to 2022. Meanwhile, Renub Research states that the global Virtual Reality market will be worth $55B 2024 and expected to grow with a staggering compound annual growth rate of 44.05% into the future. Due to growing interest in video streaming and game streaming content the market will likely continue to expand. Creating a platform capable of serving both of these markets simultaneously Theta has a huge market potential with plenty of room for sustained growth. Blockchain competition in the streaming content arena The integration of blockchain technology and online video services is a logical combination to many, not least so that crypto tokens can be used to reward frequent users, content creators and provide on chain voting to users. So then, we might expect that there are many projects attempting to capture a share of the market. The only projects that show significant signs of future growth potential and serious competition to Theta are Lino Network and Livepeer. Lino Network - the Lino Network is a blockchain platform designed to optimise live video streaming for dApps who choose to build on it. It’s dApp, DLive.tv, offers a blockchain-based streaming service that is a direct competitor to Twitch, and it is doing well in terms of brand recognition and user adoption. This brand recognition has largely been driven by PewDiePie the most subscribed to Youtuber, who has agreed to regularly do exclusive live streams on DLive.tv. The Lino Network is therefore a serious competitor to The Theta Network as its brand recognition and influencer marketing may divert investors, partners and users from Theta towards itself. This hinders adoption and renders Theta irrelevant. Livepeer - Technically speaking Livepeer is a dApp built on top of Ethereum and is not its own protocol. As stated in the Whitepaper, Livepeer is designed to allow any node to send a live video into the network and have it accessed by users all across the world. Livepeer is a serious competitor to Theta for a few reasons. Firstly, it is built on top of Ethereum which has one of the largest and most committed communities in the entire blockchain space. This generally means that the Ethereum community will be favorable to Livepeer as it works to drive adoption and utility of the underlying platform. Additionally, many of the Ethereum community members will have ERC-20 compatible wallets and so when Livepeer eventually launch their own token it will be easily stored, transferred and spent among Ethereum community members. This network effect combined with the security of Ethereum make it a long term threat. In the short term, however, Ethereum’s scalability issues should massively hinder Livepeer’s usability and rate of adoption. Traditional Competitors Twitch, Facebook Watch and YouTube primarily make their revenues via video streaming and related services, therefore the market caps of each company are derived from these revenues. Consequently, YouTube, Twitch and Facebook’s combined market caps ($722 Billion) can be used to indicate what the blockchain video streaming market may be worth at some point in the future. Additionally, the fact that Steve Chen, Co-Founder of Youtube and Justin Kan, Co-founder of Twitch are official advisors to Theta indicates that Theta has been recognized for its merits and future potential. Otherwise the project would be ignored along with the rest of the blockchain video streaming ventures. The market opportunity for blockchain video streaming is at present quite small, there are a few startups attempting to build MVPs and user adoption but nothing significant yet. However, as traditional video streaming infrastructure is put under more strain due to demand for 4K, 8K and VR streaming, the blockchain video streaming market will become a viable (as explained later in the report) alternative for users to migrate to. In turn, this will lead to exponential growth in the value of the blockchain video streaming market and incumbent projects. At this time, Theta is in the strongest position to capture that growing market, drive adoption and strengthen the value of the underlying assets. SIMETRI Analysts Theta Underlying Technology Theta aims to

a year ago

What's new? SDK 2.3.0 is out, BFT Consensus is in developmen...

What's new? SDK 2.3.0 is out, BFT Consensus is in development & Hub 1.20.0 contains #Ledger Nano X support.… https://t.co/xohxjhYFVD

a year ago

Credits: The New Blockchain Platform for Miners

On August 27, Credits Blockchain Platform announced the start date for the partial swap. A partial swap involves the migration of tokens from the Ethereum protocol to the Credits protocol, which will allow the company’s token holders to launch the Credits platform software and become full-scale participants of the network. The swap is scheduled for September 5th. The swap will be carried out from a minimum of 50,000 tokens which is the required number of coins to join the network consensus and to take advantage of the opportunity of receiving rewards for transaction processing. By September 2, 2019, Credits has already received over 200 applications, which suggests that over 200 nodes will be joining the network in the near future. Credits Consensus Algorithm Node operation is the basis for the majority of blockchains working on consensus algorithms with full decentralization. By delegating the transaction validation process to node operators and establishing clear rules of commission charges, node-based Credits blockchain allow their network operators to earn passive income without sacrificing high energy costs associated with coin mining. The Credits Consensus Algorithm is Proof-of-Agreement (PoA). It incorporates features that are characteristic of DPoS (Delegated Proof-of-Stake) and BFT (Byzantine Fault Tolerance) and has 3 stages: Selection of nodes for decision-making. A necessary amount of nodes — a minimum of 4 nodes and a maximum of 201 nodes with currently valid states selected for consensus via the algorithm of a random selection of nodes from the received hashes of all network nodes at current states after the elimination of nodes with insufficient staking amounts. Voting on the current pool of transactions and making a decision about transactions to be added in the block for subsequent addition to the storage. Adding the block to the storage of trusted nodes and its subsequent distribution throughout the network. Within a network, every node has the same chance to become a validator and to get rewards for processed operations. Staking on Credits Platform Staking, in terms of Credits protocol, requires storing 50,000 Credits Coins on the user’s wallet. This is the required number of coins for a node to participate in a consensus mechanism and get rewards. The amount of stake doesn’t affect the frequency of node participation in the consensus protocol. Rewards are formed on the basis of fees collected as a result of the following operations: Transfer of Credits coins between the platform participants; Deployment and execution of a smart contract; Transfer of Credits blockchain-based tokens; Purchase of information from third-party sources for services within the system. To date, the daily number of transactions on the platform has exceeded the 100,000 mark and is continuing to grow due to the increasing number of dApps based on Credits protocol. Today, there are more than 20 dApps that generate transactions within the network daily. The average reward for each node operating participant of the network varies from 500 to 5000 Credits (CS) coins per month. Prospects The launch of the partial swap is a clear indication that the full public swap of the company tokens is drawing near. The open public swap will lead to further expansion of the company’s infrastructure by attracting partners seeking to take advantage of the company’s product offering. The increasing adoption and application of Credits software solutions in real business models is certain to increase the number of network transactions. The rise in Credits’ network activity will undoubtedly have a direct impact on the commissions being charged per transaction on the Credits blockchain, thus giving node operators the opportunity to increase their earnings. The post Credits: The New Blockchain Platform for Miners appeared first on NewsBTC.

a year ago

Top 5 Smart Contract Platforms To Watch in 2020

The number of blockchain-based smart contract development platforms available to crypto developers is now greater than ever. Over the last 18 months, a Cambrian explosion in smart contract platforms has resulted in an embarrassment of riches and a plethora of options. No longer are crypto projects forced to choose between network effects (Ethereum) and scalability (EOS). Thanks to an array of first and second layer solutions, there’s a multitude of ways to build and deploy dApps, exchanges, lending protocols and other crypto products that harness the power of smart contracts to automate processes and create uncensorable applications. If you’re seeking a smart contracting platform on which to build, here are five of the best. RSK RSK is a second layer solution that was created to develop and run smart contracts using the Bitcoin blockchain. These contracts are coded and digitally recorded on-chain in a trustless, autonomous and entirely self-sufficient manner. As well as adding value and functionality by introducing smart contracts to the Bitcoin ecosystem, RSK scales to up to 100 transactions per second, which is more than enough for most applications. It also reduces storage and bandwidth using probabilistic verification and fraud detection techniques. Founded in 2016, RSK was acquired last year by RIF Labs and there have been many positive developments since, including enhancements to storage and security assured by July’s Wasabi update. The native RBTC token, known as Smart Bitcoin, represents BTC on the RSK network, which includes the RSK Infrastructure Framework Open Standard (RIF OS). RIFOS goes beyond smart contracts and encompasses payment channels, storage and communication features. Think of RSK as an Ethereum-esque platform, which benefits greatly from being pegged to the world’s first and most secure blockchain. It combines the best of both worlds, Bitcoin and Ethereum, packaging them into a smart contract platform that’s suited to the needs of consumers and enterprises alike. LiquidApps Launched in early 2019, LiquidApps promises to help you build better, whether your domain is crypto tools, utilities, dApps, products, services - or pretty much anything else. The smart contract experts behind LiquidApps specialize in engineering technical solutions that make developing on-chain faster, easier and more affordable. The platform has an incredibly strong team behind it - CEO and co-founder Beni Hakak has a proven track record, having been Director of Operations at Bancor and also a strategic consultant manager at Ernst & Young. With the DAPP Network native token, LiquidApps helps dApp developers externalize the CPU and RAM from the EOS blockchain while enjoying superior functionality - all without breaking the bank. The company’s latest product, LiquidLink, bridges the EOS and Ethereum blockchains, creating a framework for dApps to be launched on both chains simultaneously. Building bridges between siloed chains is one of LiquidApps’ primary drivers, which it sees as instrumental in driving the next wave of dApp adoption, and onboarding masses to the benefits of Web3 without the trade-offs this has hitherto entailed. Other working products from the rising smart contract specialists include oracles, for querying off-chain data, and Zeus, an SDK for dApp developers that simplifies the creation and deployment process. Matic Matic is yet another smart contract development solution with a lot of buzz about it, starting the moment it blossomed from a Binance Launchpad IEO earlier this year. The involvement of Coinbase Ventures, who invested early, bodes well for the prospects of Matic Network and gives an indication of where its token may end up trading. The layer two scaling solution, which utilizes sidechains bolstered by the security of the Plasma framework, seeks to address common scalability and usability issues, without compromising on decentralization. High throughput of up to 10,000 TPS is coupled with superior UX and a suite of tools for developers. Given the array of smart contracting platforms now on the market, developers are finding themselves being courted by a string of well-funded and well-funded suitors. In the case of Matic Network, those overtures include a full SDK with WalletConnect support, and tools to abstract away much of the complexity, enabling devs to focus on coding killer dApps without the need to worry too much about what’s going on under the hood. Ethereum is its current platform of choice, with Matic already having a working implementation for the platform on Kovan Testnet. However, the team’s ultimate goal is to provide solutions for blockchains across the board. Matic endeavors to supply payment APIs and SDKs, products and identity solutions that will enable developers to design, implement and migrate dApps built on base protocols. Echo Echo is another Bitcoin-based smart contracting solution. Like RSK, it seeks to capitalize on the security and network effects

a year ago

A Comparative View: Which Major Anonymous Cryptocurrency Is the World’s Tech-champion?

Coinspeaker A Comparative View: Which Major Anonymous Cryptocurrency Is the World’s Tech-champion?As their applications approach real-business scenarios, blockchains have to support these scenarios by providing privacy protection, anonymity and developer friendliness. In view of this criterion, LinkChain, a public blockchain from China, technologically outperforms all other digital currencies in the world.A Privacy Protection System Supports Fully Anonymous TransactionsAnonymous transactions have been always overlooked in conventional digital currencies. Although classical currencies such as Bitcoin and Ethereum maintain a certain privacy, all information about their transaction flow is transparent. If the identity of a single address involved in any transaction is revealed, the amount and flow direction of all transactions might be tracked and verified. Unfortunately, it is easy to figure out who owns an address in the actual transaction environment. Although transaction addresses do not correspond to user identities, there are always other data that may disclose the owner of an address. For example, if it is ascertained that someone sold 100 Bitcoins on a certain day, it will be a piece of cake to find his/her Bitcoin wallet address by searching transactions of such a Bitcoin amount in the period in question. Following that, all other people who have dealt with the address can be tracked.Protecting the privacy of transactions is foremost in any real-business scenarios because it is necessary for personal security and free market competition. As a result, no digital currency is acceptable to these scenarios unless it enables anonymous transactions. This is indeed one of major factors that keep Bitcoin out of real business and contributed to its crash in 2018.LinkChain, in its latest open-source release, maintains strict anonymity in transactions. Using Ring Signature, Ring CT and Bulletproof technology, it safeguards the privacy of senders, recipients, and amount of transactions, and ensures these and other transaction data to be unrelated, untraceable, and thereby highly confidential. Specifically, Ring Signature protects the privacy of transaction parties by allowing a validator to check the authenticity of signatures without identifying which of a group of ring-signature members performed the transaction. In addition, Zero-knowledge Proof hides the amount of every transaction from the public view. The outside can see no more than the validation result, let alone the value of the amount itself. To meet the vast application scenarios of transparent transactions, LinkChain’s privacy feature is optional; that is, users may choose whether or not to activate the feature when they initiate transactions.Unrivalled Technological AdvantagesAlthough there have been some anonymous blockchains available on the market, their technologies are inferior to that of LinkChain, as indicated by the detailed comparison below.Key TechnologiesLinkChainDashZcashMoneroGrinAnonymous sendersRingSignatureCoinJoinZKPRing SignatureMinbleWimbleAnonymous recipientsRing CTN/AZKPRingCTN/AConcealed amount of transferBulletproofDenominationZKPBulletproofPerdesenCommitmentTrusted initializationNot requiredNot requiredRequiredNot requiredNot requiredTPS10005072050Time of transaction confirmation3 seconds> 1 hour> 1 hour> 1 hour> 10 minutesTransaction modelUTXO+AccountUTXOUTXOUTXOUTXOSupport for smart contractsEVM+WASMNot supportedNot supportedNot supportedNot supportedConsensus mechanismEBFTPoW-X11PoW -EquihashPoW -CryptonightV7PoW -CuckooCycleComparison of Technical Performances of Today’s Major Anonymous CryptocurrenciesAccording to the Table, LinkChain and Monero both protect privacy of senders, recipients, and amount of transactions using Ring Signature, Ring CT and Bulletproof technology respectively.Unlike Zcash that uses zk-SNARK (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) for privacy protection, LinkChain eliminates trusted initialization and, thereby, toxic waste.Dash secures the privacy of senders using Coin Join but does nothing to that of recipients. Although it mixes coins for different transactions of the same denomination to conceal the amount of transfer, the privacy so obtained is inferior to that of the other digital currencies.Based on the MimbleWimble protocol, Grin keeps senders anonymous using a similar technology to Dash’s Coin Join, and, like Dash, lacks the anonymity protection for recipients. However, it is more private than Dash thanks to the Perdesen Commitment used to protect transferred amount, but is still less private than LinkChain, Zcash, or Monero.The comparison indicates that LinkChain performs much better than all other currencies. It needs no more than 3 seconds to confirm any transaction, by contrast to one hour or more taken by any other anonymous currencies for a single transaction. Moreover, it offers sky-high throughput of transactions. A single LinkChain can run with more than

a year ago

Bitmex Ventures and Fenbushi Capital lead funding round in Edge crypto wallet

Bitmex Ventures and Fenbushi Capital lead funding round in Edge crypto wallet 🟀 CryptoNinjas Edge, a cryptocurrency wallet application ecosystem, has launched a new funding round on investment platform BnkToTheFuture, it is being led by Bitmex Ventures and Fenbushi Capital. Non-US investors from all over the world can also join the round through with a minimum of USD $1,000. BnkToTheFuture is a fundraising platform used by many notable companies Bitmex Ventures and Fenbushi Capital lead funding round in Edge crypto wallet 🟀 CryptoNinjas

a year ago

🔴 BnkToTheFuture (BF) Live Ep.25 with @SimonDixonTwitt (CEO ...

🔴 BnkToTheFuture (BF) Live Ep.25 with @SimonDixonTwitt (CEO of @BankToTheFuture) and @paullinator (CEO of… https://t.co/TdQmgRQkEv

a year ago

BnkToTheFuture (BF) Live Ep.25 with @SimonDixonTwitt (CEO of...

BnkToTheFuture (BF) Live Ep.25 with @SimonDixonTwitt (CEO of @BankToTheFuture) and @paullinator (CEO of @EdgeWallet… https://t.co/l0UMJft1N7

a year ago

Could Facebook Libra Become the Largest DApps Network to Date?

The official announcement and details around Project Libra were provided to the world on June 18, 2019. Firstly, Libra was introduced: a new global reserve-backed cryptocurrency built on top of the new Libra Blockchain, with everything governed by a not-for-profit consortium dubbed the Libra Association. It was clear that each of these products and technologies will play an integral role in the project’s overall mission of creating a simple global currency and financial infrastructure that empowers billions of people. Additionally, Facebook also announced the creation of Calibra, which is developing the initial business of Libra and its own product outside of the Libra ecosystem (i.e., an eponymous digital wallet app). One way to answer the question is to look at how Facebook built Libra and how similar it is to that of the main and more prevalent Decentralized Applications (DApps) framework as it was originally presented in 2014 by David Johnston and a group of foundational experts — way before any public knowledge of Facebook’s cryptocurrency plans. When the entire Libra ecosystem is broken down, could Libra be the largest DApps network to date? If it checks all the required criteria laid out in the 2014 DApps white paper mentioned previously, and if the roughly 2.4 billion active users throughout Facebook’s platforms is considered, it may just be. Today, the main question on everybody’s mind is whether Facebook is a villain and, through the announcement, is trying to enhance its current hold on customer data, or if Facebook is genuine and is trying to make a contribution as a global citizen to a problem bigger than Facebook itself. After all, even the world’s largest companies like FedEx suggest that one company cannot control this entire DApps or blockchain movement, and that only “co-opetition” (i.e., cooperation and competition) and co-creation and regulations will help crack the problem. The most famous model of co-opetition is, of course, the open-source movement that was fully supported by IBM, one of the top-10 companies in the world in the 90s. IBM was later joined by the likes of Google, Facebook and Twitter to provide the mere foundation of what is today Software as a Service (SaaS) and cloud computing. So, one early community fully supported by the most prominent companies can go a long way without being preempted by the biggest companies. To the contrary, one of the biggest losers of this new technology was indeed IBM, which failed, for many reasons, to jump on the public cloud computing bandwagon by staying focused on hosted private clouds — even when public clouds showed far stronger growth. As the market evolves, IBM’s position may improve, but there is no doubt that, at this point, IBM didn’t benefit as fully as others of a movement that the company helped create and foster. Compared to open source, DApps are very young — probably as young as open source was in 1995, when IBM got involved. It is also struggling with many issues, with the main ones being adoption and the need of endorsement from major brands. So, is Facebook the IBM of DApps and the main contributor to something bigger than itself? Libra as a decentralized application When we begin to breakdown the Libra ecosystem and apply its structure against the 2014 white paper on DApps, how does it match up? According to the general theory, for any application to be considered a DApp, it must meet four areas of qualifying criteria. ?Criteria #1 — “The application must be completely open-source, it must operate autonomously, and with no entity controlling the majority of its tokens. The application may adapt its protocol in response to proposed improvements and market feedback but all changes must be decided by consensus of its users.” Libra is an open-source project Over the past year, engineers from Facebook’s Calibra team have designed a blockchain from the ground up to meet the needs of the Libra ecosystem. Facebook has consciously open-sourced a prototype of Libra Core early so that the community can influence its direction. Facebook has irrevocably contributed its rights and code to the association under the terms of the Apache License and Apache Contributor License Agreement — just as any other contributor to Libra Core should. As it states, the application must be completely open-source. However, Libra is an undertaking from many different directions — unlike anything we’ve seen since the early days of the internet. Facebook understands this and has noted that it will continue to take a fundamental leadership role on the project’s development through launch and then transfer over everything accordingly, becoming open source for the community after that. To ensure the first condition was achieved, Facebook did launch an open-source prototype version of Libra, called Libra Core — of which the testnet is now live — thus allowing the developer community to get an early preview of the soon-to-launch protocol, beginning enga

a year ago

Crypto Giants Raise Nearly $800 Million Using BnkToTheFuture Platform

Coinspeaker Crypto Giants Raise Nearly $800 Million Using BnkToTheFuture PlatformWhile many of us might believe that the regulatory inaction is causing crypto companies to go into hiatus, it’s not entirely true! Crypto companies including some giant names like Kraken, Coinbase, and Ripple have leveraged the not-so-famous platform called “BnkToTheFuture” to raise millions of dollars from the investors while effectively managing to stay away from the ambit of the regulators.As per the report from Decrypt, 90 companies from the crypto space managed to raise nearly $800 million using this platform. The BnkToTheFuture platform mentions Richard Branson as its early investors. Moreover, the platform also claims of giving some extra-ordinary dividends to the investors.The platform provides complete details of which company raised how much. But before we get into it, let’s look into its modus operandi.How ‘BnkToTheFuture’ Platform OperatesThe BnkToTheFuture platform is registered in the Cayman Islands and basically serves as a broker between the investor and the company raising funds. However, the investor doesn’t directly buy into the company. The platform has employed some complex, specialized and narrowly focused funding vehicles called SVPs (Special Purpose Vehicles).The SPVs then sell the equity shares on behalf of the company they represent. Thus, the Bnk handles the complete fundraising itself while allowing investors to buy shares in the SPVs. Note that the SPVs are also off-shore registered entities in the Cayman Islands.This provides the companies an absolute shield from the regulatory constraints faced in different jurisdictions. By outsourcing the fundraising to such an offshore platform, the companies widen their score to raise funds from global investors. Besides, it also facilitates fundraising in different currencies.The only caveat is that the investors investing in the SPVs should still comply with the investment laws of their countries. Thus, US investors buying shares need to be accredited.BnkToTheFuture CEO Simon Dixon says that his company acts a typical broker in the entire process. The Bnk takes five percent of the funds “raised to the issuing company” as well as five percent of the investors’ dividends and exit proceeds. So far, both the investors and the companies seem to be satisfied with the Bnk’s working. Sergej Kotliar, a spokesman at Bitrefill, said:“We have many thousands of customers and superfans all over the world that appreciate what we do. BTTF lets them invest in the round while removing the administrative burden that many small checks would have caused otherwise.”But not all stories are success stories! Based on the earlier success stories, an unnamed source at the company expected a massive influx of investors but couldn’t raise anything. He added: “whatever challenges we had fundraising were not limited to BnkToTheFuture. Fundraising was never easy.”Companies Raising Funds On the BTTF PlatformCryptocurrency exchange Coinbase raised $550,000 from 56 participating investorsCrypto payments giant Circle raised $903,000 from 57 investorsBlockchain startup Ripple, known for its instant cross-border payments raised $1.1 million from 46 investorsWirex, the Europe-based Bitcoin credit card company raised $162,000 from 88 investorsBitRefill, the crypto gift card company, raised a whopping $2 million from nearly 134 investorsAbra, the crypto investment platform, raised a massive $11.9 million from 140 investorsThere are several other companies like BitPay, Bitfinex and ShapeShift has also raised funds from this platform.Crypto Giants Raise Nearly $800 Million Using BnkToTheFuture Platform

a year ago

E-Government In Vietnam: Issues And Approaches To Implementation Through The Use of Blockchain Technologies

Inception Any government, no matter how coherent and effective in the eyes of the people that had elected it or the elected is still subject to flaws, corruption, inefficiency and time lags. Technologies have largely streamlined government processes, such as elections, document workflows, and others, but the key concepts of effectiveness and efficiency still rest on the link binding the technology with the population - the human factor. It is the human factor that runs governments, and humans are prone to a myriad of faults ranging from banal errors in calculations and document workflows to corruption and even spite in performing their duties. To counter the human factor and take advantage of management systems, the concept of the E-government was proposed in the early 2000s. So the E-government concept is not that new, as it involves the use of various technologies, such as communications devices, computers, and the Internet to ensure the effective and efficient provision of public services to the citizens of a country. The keywords here are “effective” and “efficient”. Effective simply means the application of measures necessary for achieving a certain goal, no matter the costs. In stark contrast, efficiency means the application of measures for achieving a goal with minimum waste of resources. The E-government concept is the golden mean in achieving a balance between effectiveness and efficiency. When taken in the context of an entire country, efficiency means saving finances and ensuring convenience in the provision of services to citizens. Effectiveness means making sure that the services are rendered with due quality and with minimal error. This is where the appearance of blockchain technologies is set to play a key role in the future of E-governments as a whole. Advances In The Achievement of E-Government Implementation The countries of the world were quick in realizing the advantages of applying E-government approaches in the provision of public services. Every continent already has some measure of E-government applied. The countries of Southeast Asia and the Arab Gulf are the leaders in using technologies for providing their citizens with convenience in paying utility bills, ensuring transparency and efficiency with fiscal services, and workflows for various licenses, permits, and other documentation. One of the countries leading the charge in applying E-government approaches is the Socialist Republic of Vietnam. The Deputy Minister of Information and Communications Nguyen Minh Hong recently announced that the Vietnamese Government is aiming to enact Resolution No. 17/NQ-CP on the Digital Government Development Plan for 2018-2020 up to 2025. The ambitious goal will be supervised by the National Board of E-Government Review with Prime Minister Nguyen Xuan Phuc at the helm. The main aim of the Resolution is to improve Vietnam’s E-government standing on the United Nations assessment list from level 10 to level 15 by 2020. If successfully enacted, by 2025, this will propel Vietnam to the top of the ASEAN countries list in E-government implementation. The integration of multiple ministries into the E-government system will ensure lower error rates and improve interoperation between authorities, thus speeding up document workflow processes and bolstering GDP growth. Still, the poorly developed legal frameworks and regulations that manage the interaction among various authorities and ministries are a significant challenge that the implementation of E-government is called upon to overcome. In essence, given its strategic location, immense economical potential and the challenges present in the country, Vietnam is the ideal location for implementing an E-government. The Role of Technologies In Shaping Vietnam’s E-Government Technologies are the key link in securing the implementation of the E-government concept in any country seeking to automate administrative processes. The use of advanced technologies, namely blockchain and other similar solution, in creating a unified data sharing system for all government databases will lay the foundation for ensuring successful implementation of the Resolution starting in 2019. Given the situation with technology literacy in the 95 million citizen country, the Resolution aims to integrate up to 20% of all residents and businesses in the E-government system. ICT (Information Communication Technologies) are at the forefront of the strive to achieving E-government. The extensive use of databases and high-speed internet connection is a must, but the creation of the supporting infrastructure will ensure effective operation of the entire system. The specifics of Vietnam’s geographic location make the use of internet cables problematic in many regions, in addition to the lack of a sufficient number of highly qualified personnel for maintaining the system operational. The introduction of advanced education programs is one of the first steps that the Government of Vietnam is ta

a year ago

BnkToTheFuture Token (BFT) Price Update $BFT @BF_Token @Bank...

BnkToTheFuture Token (BFT) Price Update $BFT @BF_Token @BankToTheFuture #BFT #BFToken #CryptoUpdate… https://t.co/9bcyFoolCK

a year ago

Kakao Makes Big Claims, Says its Klaytn Blockchain is 15x Faster than Ethereum

Coinspeaker Kakao Makes Big Claims, Says its Klaytn Blockchain is 15x Faster than EthereumSouth Korea’s popular messaging platform Kakao has made some big claims. As reported by the Korean Herald, Kakao says that its Klaytn blockchain is 15 times faster than Ethereum.At a conference in Seoul on Tuesday, July 9, Kakao’s blockchain subsidiary GroundX made this announcement. GroundX stated that the Klaytn network can mine a block in just one second while Ethereum takes 15 seconds.Thus, it notes that Klaytn has a 15x higher processing throughput than Ethereum. As the Ethereum network processes 20 transactions every second, the Klaytn network processes 300 transactions in the same time. Ground X CEO Han Jae-sun said:“I believe it would be the initial version of a mobile [blockchain] service. With the reduced response time, many projects that we believed unfathomable could eventually come true.”Sacrificing Decentralized ComponentsAlthough Kakao makes these big claims, one must note that there’s a major difference in the modus operandi of Klaytn and Ethereum. Klaytn is a permissioned blockchain network while on the other hand, Ethereum is a completely permissionless platform.Thus, the higher throughput and reduction in transaction times comes at the sacrifice of decentralized components in the Klaytn blockchain. Kakao announced the mainnet launch of Klaytn last month on June 27. The Klaytn network aims to facilitate the mass adoption of blockchain services.In its official whitepaper, Kakao notes that it has adopted a hybrid approach in designing the Klaytn blockchain. The platform merged the concept of ranger nodes (RNs) and consensus nodes (CNs) to attain both the features of transparency and scalability.The general public can participate in the Klaytn network as the ranges nodes (RNs) which work for double checking the blocks propagated by CNs. The consensus nodes (CNs) are basically the invited partners on the network. The CNs together form a private blockchain to confirm and batch transactions processed through a Byzantine fault-tolerant (BFT) consensus algorithm.Klaytn has secured over 51 service partners with a combined user-base of over 700 million users. Tech giants like LG are the members of the governing council of the Klaytn blockchain.A number of blockchain projects are being already developed on the Klaytn blockchain and are scheduled to be released ahead this month in July. These projects span across a wide range of applications like social community programs, AR-tech content development, digital data authentication, insurance, and much more.Ethereum - Top Network for DApp DevelopmentOver the last few years, several Ethereum competitors have arrived in the market for the development of smart contracts and decentralized applications (DApps). However, Ethereum still continues to be the top choice for DApp developers. According to the report by Dapp.com, Ethereum continues to be the most preferred platform for DApp development. in Q2 2019. The reseach report states:“484 new dapps were added to the market this quarter, and Ethereum is still the first choice for developers, followed by TRON and EOS. Newly launched blockchains like TomoChain and IOST are quickly expanding, but the first tier blockchains have already gone way ahead”.Kakao Makes Big Claims, Says its Klaytn Blockchain is 15x Faster than Ethereum

a year ago

. @SimonDixonTwitt Joined us on #BFLive 🎥 to discuss the #BF...

. @SimonDixonTwitt Joined us on #BFLive 🎥 to discuss the #BFT (BnkToTheFuture Token) @bf_token Roadmap, latest upda… https://t.co/BpSSc4a0E6

a year ago

Binance Labs Startup “Harmony” Launched Mainnet DAY ONE Ahead of Scheduled Time

Coinspeaker Binance Labs Startup “Harmony” Launched Mainnet DAY ONE Ahead of Scheduled TimeToday, Harmony Protocol, announced an early launch of the Mainnet “DAY ONE” ahead of the scheduled launch date. On June 28, Harmony’s TestNet phase ended, and DAY ONE went live on June 28 at 08:00 PST.Harmony aims to make the existing blockchain faster by implementing deep sharding with innovations on both protocol and networking layers of blockchain by introducing:Highly scalable FBFT (Fast Byzantine Fault Tolerant) consensus using BLS (Boneh-Lynn-Shacham) multi-signatures.Secure distributed randomness generation protocol using VDF (Verifiable Delay Function).Sharding with adaptive Proof-of-Stake for strong network security.Kademlia routing and erasure encoding for optimal network performance.How “DAY ONE” Mainnet Differs from other ProtocolsEarlier Harmony’s team has argued that Libra BFT is basically Harmony’s FBFT consensus!The main difference is that LBFT rotate leader every block, while FBFT rotates less frequently and supports leader-change protocol in case of malicious leaders.Harmony to be among the 7 most decentralized network from the DAY ONE of Harmony’s Mainnet Release.Harmony starting with a network of 600 nodes, 150 nodes in each of the 4 shards. 150 nodes, i.e. 25% of our nodes are external, making Harmony one of the top 7 most decentralized networks in the world right below household names such as Bitcoin, Ethereum, Monero and Ripple.An ambitious roadmap towards solving the hardest challenge in blockchain infrastructure - scaling linearly.Bitcoin, Ethereum and the majority of current protocols do not scale linearly-more nodes slow down these networks. With Harmony, as more nodes join, the protocol enables to process more transactions. It’s a significant milestone for a blockchain network based on pBFT consensus mechanism.In the beginning, Harmony’s blockchain will have 4 shards and a total of 600 nodes on the network (each shard with 150 nodes). Approximately 25% of the nodes will be external validators (Harmony Foundational Nodes) earning full block rewards of 0.1 $ONE per block per node.The remaining nodes will be run by Harmony to ensure substantial monitoring and stability for the network at this early stage.Key Innovations of Harmony’s DAY ONEHarmony aims with Mainnet “Day ONE” to achieve a long-running and stable network that avoids hard forks and stalls. Among the core features of Harmony’s Proof of Stake infrastructure are the following:Fast-BFT consensus: Harmony’s Fast-BFT combines industry best-practice and cutting edge research to deliver a scalable and secure consensus algorithm. What’s new is that Harmony uses BLS multi-signatures to accelerate PBFT’s consensus process making it an order of magnitude more scalable.View-Change protocol: Guards the protocol against malicious leaders. In a blockchain network, nodes can be corrupted or become unresponsive overtime, therefore we need to guard against a misbehaving or adversarial leader. Harmony is the first blockchain with a functional PBFT view change.State synchronization: Instead of downloading the whole blockchain history (it takes days to fully synchronize the Ethereum blockchain history) to validate the current state, In Harmony, the new node downloads historical block headers and validates the headers by checking their signatures making the current state orders of magnitude smaller than the whole blockchain history.This version of Mainnet will evolve in two phases which are scheduled to be launched by Q3 2019 AND Q4 accordingly.The V1 version of Harmony’s Mainnet is expected to be ready for launch by Q3 2019 with native Harmony tokens and several other features including:Kademlia routing.Rateless erasure code.Fast state sync.Decentralization is critical to the security and resilience of any blockchain network. Therefore by the launch of mainnet v1 Harmony plans to expand the current validator node ecosystem from 600 to 1600 nodes by making participation public and permissionless.Additionally, by Q3 2019, Harmony smart contracts will be ‘EVM’ compatible. This will enable existing EVM compatible decentralized application to move on to Harmony blockchain and benefit from highly scalable, secure and cost-efficient network.The V2 version of Harmony’s Mainnet - scheduled for Q4 2019 will support WASM. Developers selecting Harmony for building dApps can write smart contracts in the programming language of choice or the one they already know, making the process fast, safe and significantly lowers barriers to adoption.Additionally, Harmony dApps can utilize zero-knowledge proof in their applications. This will allow adding privacy feature in places where user’s information, identify or data needs to be protected like dApps creating a marketplace where users can store and monetize their data or for data captured from internet-of-things to be kept private.About Harmony ProtocolBuilt by a team featuring engineers and leaders from Google, Apple,

a year ago

We went #LIVE with @SimonDixonTwitt to discuss the #BFT (Bnk...

We went #LIVE with @SimonDixonTwitt to discuss the #BFT (BnkToTheFuture Token) @bf_token roadmap, answer #live ques… https://t.co/AmWdgtAptJ

a year ago

We are going #LIVE tomorrow at 2pm UTC with Simon Dixon to t...

We are going #LIVE tomorrow at 2pm UTC with Simon Dixon to talk and learn more about #BFT (BnkToTheFuture Token) &… https://t.co/5Kf8csVESI

a year ago

We are going #LIVE tomorrow at 2pm UTC with @SimonDixonTwitt...

We are going #LIVE tomorrow at 2pm UTC with @SimonDixonTwitt to talk and learn more about #BFT (BnkToTheFuture Toke… https://t.co/uYZEFnsteE

a year ago

Want to learn more about #BFT (BnkToTheFuture Token)? We'll...

Want to learn more about #BFT (BnkToTheFuture Token)? We'll be #LIVE on #BFLive this Thursday 2pm UTC with Simon D… https://t.co/UHZucspXxP

a year ago

Kraken Raises Over $13 Million In Its Latest Fundraising Round

San Francisco-based cryptocurrency exchange Kraken has raised over $13 million in financing on online investment platform BnkToTheFuture. Kraken has raised $13.5 million from 2264 investors, surpassing its initial target of $10.2 million purportedly due to popular demand. The fundraising campaign of Kraken — which has over four million clients in nearly 200 countries — is the most successful funding round by individual contributors on BnkToTheFuture. As previously reported, Kraken raised over $6 million in the first day of the campaign from almost 300 investors. On BnkToTheFuture, Kraken describes itself as the only regulated spot and futures cryptocurrency exchange with over $85 billion in trading volume in 2018 alone, making its compound annual growth rate of 387%. In recent months, Kraken has made some developments in security and international expansion. In late March, the exchange announced that two-factor authentication (2FA) is now mandatory for the exchange’s users. The measure is part of a broader set of changes included in its security features roadmap that spans “into 2020 and beyond,” but which is currently unavailable to the public . Kraken acquired United Kingdom futures provider Crypto Facilities earlier this year in a move which produced significantly heightened interest in its products. Crypto Facilities, which began operating in 2015, is fully regulated by the U.K.’s Financial Conduct Authority, giving Kraken a major foothold in the European market. Kraken is currently the 33rd-largest crypto exchange in terms of adjusted trading volume, according to CoinMarketCap. The exchange’s daily trading volume is around $326.3 million, with 74 crypto markets on offer.

a year ago

A technical perspective on Facebook’s LibraBFT Consensus algorithm

Rag Bhagavatha and Chris McCoy are the co-creators of Storecoin Libra Blockchain overview Facebook yesterday unveiled its new low-volatility cryptocurrency Libra, powered by a smart contract platform that’s designed to be “secure, scalable, and reliable”. Libra Blockchain uses a robust and efficient state machine replication system called LibraBFT [1], which is the focus of this technical analysis. We discuss its properties and compare it to other Byzantine Fault Tolerant (BFT) consensus protocols with similar properties. Classical and Nakamoto consensus Consensus is a process used to achieve agreement on a single data value among distributed processes or systems. The processes participating in the consensus may or may not trust each other and yet, they will be able to arrive at an agreement on a single data value. There are two classes of consensus algorithms. Nakamoto style algorithms — This class of consensus algorithms, popularized by Bitcoin, elect a leader randomly via a cryptographic puzzle and the leader proposes a block of transactions along with a proof-of-work (PoW) to all the other processes in the network. The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it. If the majority is controlled by honest processes, the honest chain will grow the fastest and outpace any competing chains. Classical consensus algorithms — In this class of algorithms, the participating processes reach consensus using multiple rounds of message exchanges carrying votes and safety-proofs. A majority of processes must agree on the votes and safety-proofs in order to achieve consensus. Classical consensus algorithms satisfy the following general properties. Validity — If a correct process p broadcasts a message m, then p eventually delivers m. Agreement — If a message m is delivered by some correct process, then m is eventually delivered by every correct process. Integrity — No correct process delivers the same message more than once; moreover, if a correct process delivers a message m and the sender p of m is correct, then m was previously broadcast by p. Total order — For messages m1 and m2, suppose p and q are two correct processes that deliver m1 and m2. Then p delivers m1 before m2 if and only if q delivers m1 before m2. Crash and Byzantine Failures When a network of disparate processes participate in a consensus process, failures occur. For example, processes may crash, experience power and network failures, or simply be unable to make progress because they are stuck in a certain state. These are generally classified as crash failures. On the other hand, some processes may intentionally act maliciously to steer the consensus to their benefit. Such failures are called Byzantine failures. Consensus algorithms that tolerate Byzantine failures are called Byzantine Fault Tolerant (BFT) algorithms. BFT consensus algorithms are also capable of handling crash failures automatically. Permissioned and Permissionless Networks The network of processes participating in the consensus process can be configured in permissioned or permissionless setups. Permissioned network — In a permissioned network, the identity and the count of processes in the network are known to all processes. Thus, a process can trust the messages originating from another process in the same network. While processes may leave and join the network at will, their identities must be known apriori to all the processes in the network. Permissionless network — In a permissionless network, neither the process identities nor their counts are known to other processes. So, when a new process joins the network it must provide some form of proof-of-work to prove its membership to other processes. Libra Blockchain will be configured as a permissioned network at launch with a known set of processes called Validators. This means, all Validators in the Libra network know each other’s identities. LibraBFT, HotStuff, pBFT, and Tendermint LibraBFT belongs to the class of classical BFT consensus algorithms. It is based on another consensus algorithm called HotStuff [2], which in turn borrows some of its consensus logic from yet another classical BFT algorithm called Practical Byzantine Fault Tolerance, pBFT [3]. Practical Byzantine Fault Tolerance pBFT uses a system model, which assumes an asynchronous distributed system where processes are connected by a network. The network may fail to deliver messages, delay them, duplicate them, or deliver them out of order. If N is the total number of processes in the network and f is the number of faulty (including Byzantine) processes, then pBFT requires: N ≥ 3f + 1 processes to provide tolerance against Byzantine failures. pBFT consensus algorithm makes progress in multiple rounds, where each round accomplishes agreement on some stage in the consensus process. Fig. 1 illustrates pBFT consensus rounds, which proceed as follows. Fig. 1 — pBFT consensus rounds A client

a year ago

Facebook has Launched a White Paper Today for It’s Planned Cryptocurrency - Libra

Coinspeaker Facebook has Launched a White Paper Today for It’s Planned Cryptocurrency - Libra11 Things You Need to KnowLibra’s mission is to enable a simple global currency and financial infrastructure the empowers billions of people.Libra is a stablecoin which will launch in H1 2020. This will be fully backed by a reserve of real assets (a basket of bank deposits and short-term government securities). The balance of the basket can be changed if needed to offset major price fluctuations.Facebook won’t control Libra. They get one vote like other founding members of the independent Libra Association headquartered in Switzerland. This provides a level of decentralization and they hope to have 100 well geographically distributed and diverse members by launch. Other founding members include MasterCard, Visa, PayPal and Uber as well as not-for-profits such as Women’s World Banking and academic institutions. They have all invested $10million each.It is built on the Libra blockchain which is open-source and any developer can build smart contracts using the Move code language. Move was created to prevent assets from being cloned, to facilitate exchange into fiat and to make it easier to write blockchain code that follows an author’s intention without introducing unintended bugs. The prototype of the blockchain - the testnet - launched today so it’s in beta mode until the launch in H1 2020.The Libra blockchain is managed by nodes, which are servers that help operate the blockchain. Each founding member operates a validator node. The blockchain follows a Byzantine Fault Tolerance (BFT) consensus approach which means that only two thirds of the nodes need to come to consensus that the transaction is legitimate and for it to be executed and written in the blockchain. Transactions incur a tiny cost to pay for ‘gas’ that covers the cost of transferring funds - similar to Ethereum.Currently, the Libra blockchain is ‘permissioned’ i.e. only entities that fulfil certain requirements can participate in the group that governs the blockchain. The goal is to move to a permission-less system in 5 years based on proof-of-stake. This will protect against attacks by distributing control, facilitating competition and lowering the barrier to entry. The aim is for 20% of votes in the Libra Association to come from node operators based on how much Libra they hold rather than being founding members.Facebook has launched a new subsidiary called Calibra. It’s first product will be a digital wallet so people can save, send and spend Libra. The wallet will be available in Messenger, WhatsApp and as a standalone app. It is expected to launch in 2020.Facebook has said that they will ensure that Calibra protects users’ privacy by never mingling Libra payments with Facebook data so it cannot be used for ad targeting etc.The Libra Association will encourage the listing of Libra on multiple regulated electronic exchanges around the world.The Libra Association will also work to sign up businesses to accept Libra for payment and will work on programmes to encourage more developers and merchants to work with them. It plans to use incentives - probably Libra coins - to pay node operators when they sign up people to use Libra. Companies earning these incentives can either keep them or pass them onto their users in the form of free Libra coins or discounts.You will spend and own Libra through Libra wallets such as Facebook’s own Calibra wallet, but also we expect others to build compatible wallets including Association members like PayPal or Spotify. Their goal is to make sending or paying money as easy as sending a Facebook message.eToro’s View​This is a seismic moment for global finance.It is the first time that we have seen a tech giant and one of the FAANGS make a significant move into finance using crypto by launching a decentralized, blockchain, which will be available to billions of people.We are pleased to see that it is open source and decentralized.We look forward to listing Libra on eToroX, our crypto exchange, and eToro.com our trading and investment platform with over 11 million registered users across 140 countries.We believe that this is just the beginning. We expect other tech giants to follow suit helping to realize the potential for blockchain to disrupt traditional financial services.eToro will continue to play a key role in this revolution as we work to open up money to everyone around the world.With over 2.5 billion people unbanked in the world, and the majority of the global population using less liquid or inefficient local currencies, there is a great technological opportunity to connect billions of people to one economy through a currency powered by technology.With 2 billion users, Facebook has the potential to create one of the largest financial platforms in the world.Crypto adoption is about more than money. It’s about global and local politics and the separation of state and money. It can be a powerful tool - hopefully for go

a year ago

Enjoyed reading @BlockTribune's commentary about us in "Bloc...

Enjoyed reading @BlockTribune's commentary about us in "Blockchain Platform BnkToTheFuture Acquires… https://t.co/wmi2Vrq0mw

a year ago

Breaking: Facebook’s Libra Whitepaper Reveals Mission Behind Launching Libra Coin

And a long-awaited whitepaper of Facebook’s crypto is out on June 18, 2019, as scheduled. As per the whitepaper released, the cryptocurrency of Facebook will be called as ‘Libra’ and the coin will roll out in the first half of 2020. Facebook Launches Libra Coin Whitepaper According to the whitepaper, Libra coin will be built on Libra Blockchain and will be backed by stable digital currency. The coin will be launched in the first half of 2020. However, in the newsroom page of Facebook, the social giant talks about the plan for 2020 and states about Calibra which is a new subsidiary of Facebook. The statement reads that with Calibra’s financial service, users can participate in Libra network and as such, the very first product that will be launched by Calibra would be a digital wallet for Libra coin. Today we’re sharing plans for Calibra, a newly formed Facebook subsidiary whose goal is to provide financial services that will let people access and participate in the Libra network. The first product Calibra will introduce is a digital wallet for Libra, a new global currency powered by blockchain technology. The wallet will be available in Messenger, WhatsApp and as a standalone app — and we expect to launch in 2020. Mission Behind Libra Coin Coming back to Libra whitepaper, the mission is to ‘enable a simple global currency and financial infrastructure that empowers billions of people’. With that being said, Facebook’s aim is to offer a financial solution to all 1.7 billion adults who are unbanked even if nearly 1 billion people have access to mobile phones and the internet. The intro part of Facebook’s Libra whitepaper discussed Govt’s stance on crypto and explains how few existing projects are bypassing regulations. It says that Facebook believes in collaborations with entities including regulators to succeed in this sector, it reads that; We believe that collaborating and innovating with the financial sector, including regulators and experts across a variety of industries, is the only way to ensure that a sustainable, secure and trusted framework underpins this new system. And this approach can deliver a giant leap forward toward a lower-cost, more accessible, more connected global financial system. Specification of Libra Coin Concerning the stance of Libra as digital currency, the document kept on adding about a reliable digital currency and infrastructure that perhaps the world needs to witness ‘the internet of money’. Securing your financial assets on your mobile device should be simple and intuitive. Moving money around globally should be as easy and cost-effective as — and even more safe and secure than — sending a text message or sharing a photo, no matter where you live, what you do, or how much you earn. Further, the document defined Libra in three different aspects that made it an inclusive financial system and meantime empower billions of people. It is built on a secure, scalable, and reliable blockchain; It is backed by a reserve of assets designed to give it intrinsic value; It is governed by the independent Libra Association tasked with evolving the ecosystem. Libra cryptocurrency doesn’t work on its native blockchain called ‘Libra Blockchain’ which is an open source. On top of all, the blockchain has been built while considering security, scalability, efficiency in storage and throughput, and future adaptability. Why Libra is a Stable Coin? As stated Libra will be backed by a reserve of real assets and according to whitepaper report, it is because - Libra need to be accepted in many places and features easier access everywhere. A basket of bank deposits and short-term government securities will be held in the Libra Reserve for every Libra that is created, building trust in its intrinsic value. The Libra Reserve will be administered with the objective of preserving the value of Libra over time. As stated, the currency is designed to be a stable digital currency and will also be supported by a competitive network of exchanges to buy/sell the Libra coin with their fiat currency - of course, the exchange rate will be the center of attention by exchanges. Libra is designed to be a stable digital cryptocurrency that will be fully backed by a reserve of real assets — the Libra Reserve — and supported by a competitive network of exchanges buying and selling Libra. The Libra Association More on this - it has also created an independent, not-for-profit membership organization called ‘The Libra Association’. The Association is headquartered in Geneva, Switzerland that will undertake the key task for providing a framework for the governance for the network and reserve and also help social impact grant-making in support of financial inclusion. It has also revealed its ‘founding members’ and notably, names of few members are those who were earlier reported as the investor to Libra project. Following are the Founding members of Libra Associations wherein Facebook hopes to have approximately at least 100 m

a year ago

The 10 most important things you need to know about Facebook’s new cryptocurrency, Libra

After months of anticipation, Facebook has just unveiled its cryptocurrency, dubbed Libra. There is a lot of information to unpack, and The Block has distilled the announcement into most important points to save our readers time. 1. “Low-volatility” cryptocurrency Through a separate entity called the Libra Association, Facebook has announced the launch of “low-volatility” cryptocurrency Libra. The cryptocurrency is powered by the Association's native smart contract blockchain platform called Libra Blockchain that’s designed to be “secure, scalable, and reliable.” The Association said it is mainly working on addressing two problems with the cryptocurrency; banking the unbanked and facilitating low-fee money transfers globally. 2. Governed by non-profit Libra's governing body, the Libra Association, is a non-profit based in Geneva, which will eventually have 100 geographically diverse founding members. The current founding members include Uber, PayPal, Visa and Silicon Valley investment powerhouse Andreessen Horowitz (a16z), among others. No member will control more than 1% of the blockchain network, the Association said. 3. Plans to transition to permissionless Libra is starting on a permissioned blockchain, meaning (unlike Bitcoin) only founding members will have access to the network. But, there are plans for Libra to transition into a permissionless network over time, meaning “no single party will be able to unilaterally change the rules of the network.” The Association says that for the Libra Blockchain to operate as a “true public service,” the network eventually has to be permissionless. Note: Libra Blockchain currently uses Byzantine Fault Tolerant (BFT) consensus protocol and is based on VMware's HotStuff framework. 4. Pseudo-anonymous transactions Much like public cryptocurrencies, Libra’s all non-custodial transactions will be pseudo-anonymous. It means that the cryptocurrency’s transaction amount, timestamp, and public blockchain addresses will only be visible to members on the network. The Association added it will not hold personal data on people who use the blockchain. Products such as custodial wallets can complete transactions off-chain and will likely require customers to comply with Know Your Customer (KYC) regulations. 5. Libra’s reserves Reserves, which back Libra, will consist of a collection of “low-volatility” assets like bank deposits and government securities in currencies from stable central banks like USD, GBP, EUR, and JPY. Libra is “not pegged to a single currency and does not have a fixed value in any real-world currency.” 6. Security token offering (STO) Libra will also issue a security token called Libra Investment Token as a way to fund incentive programs and cover operating costs. They will be only available to accredited investors as securities. Holders can earn potential profits from interest on the reserves. 7. Costs to run a node Enterprises who serve as validator nodes have to make an initial minimum investment of $10 million worth of Libra Investment Tokens issued by the Association. It is estimated by the Association that running validator nodes will incur annual costs of approximately $280,000. However, NGOs, Multilateral Organizations, social impact partners (SIPs), and universities do not need to make an investment to join the association, but they do have to support the running of their node. 8. FinCEN registered entity Facebook has created Calibra, a Financial Crimes Enforcement Network (FinCEN)-registered subsidiary to ensure “separation between social and financial data and to build and operate services on its behalf on top of the Libra network.” Calibra registered with FinCEN as a money services business (MSB) in February 2019, gaining permission to operate in all 50 U.S. states as well as 9 commonwealth and territories. Calibra’s MSB registration number is 31000141265767. 9. Regulations Developers building on the Libra Blockchain will have a responsibility to comply with the laws and regulations in the jurisdictions in which they operate. Libra Blockchain itself will not be regulated. 10. Launch in 2020 Libra cryptocurrency and the underlying blockchain network are set to launch next year. The testnet will be released in the coming weeks. The developers will be able to read, build, provide feedback, and take part in a bug bounty program.

a year ago

BnkToTheFuture Acquires Altcoin.io in Order to Launch a Security Token Exchange

According to a recent report, Altcoin.io a decentralised exchange (DEX) and a peer-to-peer trading solution has made it known that its technology has been purchased by global investment firm BnkToTheFuture which will implement it in the creation of a compliant platform for the trade of security tokens but allow investors to retain custody of their The post BnkToTheFuture Acquires Altcoin.io in Order to Launch a Security Token Exchange appeared first on Coindoo.

a year ago

BnkToTheFuture acquires Altcoin.io to launch security token exchange

BnkToTheFuture acquires Altcoin.io to launch security token exchange - CryptoNinjas ​​​​​Altcoin.io, a decentralized exchange (DEX) and peer-to-peer trading solution, announced this past week that global investment firm BnkToTheFuture has acquired its technology to build a compliant platform for trading security tokens while allowing investors to maintain custody of their own funds. “We couldn’t be more excited for BnkToTheFuture to pick up where we’re leaving off given BnkToTheFuture acquires Altcoin.io to launch security token exchange - CryptoNinjas

a year ago

Storecoin’s Third Milestone Token Offering Launching, Ari Paul and BlockTower Capital are Early Backers

This Regulation D and Regulation S securities offering sets out to bring in over 500 new wallets, and up to $4.97 Million of Treasury into the project. Storecoin is a zero-fee payments and p2p cloud computing platform with early backing from Ari Paul of BlockTower, Matt Ocko, AlphaBit Fund, Ari Nazir of Neural Capital, and more — is launching its long-awaited Milestone Token Offering on Thursday, June 20th at 12pm PT. Apply for the sale at: http://sale.storecoin.com. Storecoin forecasts 1-3 additional MTO’s as it continues to execute on its mission before the mainnet launches. Storecoin has taken a strong anti-ICO stance since the inception of the project. Storecoin has committed to growing Treasury on the basis of achieving key project milestones. These global MTOs align Storecoin with transparency and trust for it’s growing community and eager participants. Here’s a link to see key Storecoin milestones achieved since its last MTO in January 2018. About this Milestone Token Offering (MTO) Storecoin will sell up to $4.97 Million in STORE during this Security Token Offering. The global Regulation D and Regulation S offering aims to bring 500 new wallets to the project, with the purchase minimum at $2,500 and a maximum at $1.79 Million. This milestone sale ends once one of the following occurs: the $4.97 Million maximum cap is reached or by August 30, 2019. United States purchasers must qualify as accredited investors. Sales to purchasers who are not U.S. Persons will be made only in accordance with applicable laws. The sale will be offered as a sequence of three phased pricing rounds. Each sale phase will be offered on a first-registered and first-funded basis. Once a phase is fully registered and funded, the next phase will open up and be offered to the next registered buyer. The proceeds from this sale will be used for a number of vital project building activities, including: Releasing the alpha network for BlockFin, our parallel and pipelined consensus engineMultiple security audits for our BlockFin BFT consensus algorithmBegin hosting STORE meet-ups around the worldReleasing our Governance, Economics, and Security Papers for public peer reviewHosting the first-ever Storecoin Conference, a research and governance global gathering Register for the Milestone Token Offering at: http://sale.storecoin.com About Storecoin Storecoin is a zero-fee payments and p2p cloud computing platform. The public blockchain will enable data to be tokenized, open, and globally tradable. Storecoin will transform data into p2p money (into datacoins). Governance will be coordinated by checks and balances, separation of powers, and shared security (decentralized federalism). Storecoin is a verified Messari Registry project: https://messari.io/asset/storecoin To learn more, visit http://storecoin.com. Download a one-pager at http://storecoin.com/summary (PDF). Links E-mail: team@storecoin.com Website: http://storecoin.com Telegram Group: http://t.me/storecoin Twitter: http://twitter.com/storecoin This is a paid-for submitted press release. EWN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. EWN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. The post Storecoin’s Third Milestone Token Offering Launching, Ari Paul and BlockTower Capital are Early Backers appeared first on Ethereum World News.

a year ago

🎉 You can now #Send, #Receive & #Store your BnkToTheFutu...

🎉 You can now #Send, #Receive & #Store your BnkToTheFuture Tokens (BFT) on the @CoinbaseWallet 📢 Learn more:… https://t.co/5EZUXWNuUq

a year ago

#NEWS: BnkToTheFuture (BF) Wallet App Now Supports Ethereum ...

#NEWS: BnkToTheFuture (BF) Wallet App Now Supports Ethereum Based Tether (USDT) 🎉 Learn more:… https://t.co/gCR746Musi

a year ago

We are excited to share with all our BF Investors that 🎉 Bnk...

We are excited to share with all our BF Investors that 🎉 BnkToTheFuture (BF) Wallet App Now Supports Ethereum Based… https://t.co/31ZuXcwIBA

a year ago

🎉 BnkToTheFuture Token (BFT) Is Now Supported on the @Coinba...

🎉 BnkToTheFuture Token (BFT) Is Now Supported on the @CoinbaseWallet. 📢 Learn more: https://t.co/hJkmCiVDYh… https://t.co/yvwa5Ohxr9

a year ago

Binance’s DEX project, Fantom, migrates to Binance

Binance is the world’s largest cryptocurrency exchange and has consolidated its position after it announced its proprietary idea of “IEOs” [Initial Exchange Offering]. Fantom [FTM] became the first project to get an approval to move from Binance DEX to Binance exchange. Changpeng Zhao, CEO and Co-founder of Binance, tweeted, Congratulations $FTM. The first project to go from @Binance_DEX to @binance. First of many! https://t.co/gs6OZT3zsp — CZ Binance (@cz_binance) June 10, 2019 Fantom was first listed on Binance in May 2019. During the same month, it moved to Binance blockchain from ERC20. The main aim of the project is to build a platform consisting of fast, scalable, and secure DAG-based [Directed Acyclic Graphs] distributed ledger, using BFT principles to achieve consensus and a new verifiable compiler and register-based virtual machine for smart contract execution. It does so by enabling smart contracts in a DAG-based system, using the Lachesis protocol and by using Lamport timestamps to achieve topographical ordering of event blocks. Additionally, the project also aims to develop a new verifiable compiler and register-based virtual machine, which automatically checks for correctness, generates proofs of smart contract behavior, and executes instructions more efficiently than existing models. The project raised a total of ~$39 million in private and public sale of tokens back in June 2018. However, the seed sale was conducted between February and March 2018. The token, at press time, was priced at $0.0289 and was ranked 112th on CoinMarketCap. It had a market cap of $52 million and a 24-hour trading volume of $14.5 million, most of which was contributed to by KuCoin exchange via FTM/BTC and FTM/ETH trading pairs. A Twitter user, @JBTheCryptoKing, commented, “One of my favorite projects from 2017, been in since the ICO. Showing holding after being down in USD and ETH for 1 year pays off handsomely.” Another Twitter user, @Amel_FRJC, commented, “@cz_binance binance dex should utilize fantom tech. cosmos (tendermint) already outdated. BFT consensus by far the best.” The post Binance’s DEX project, Fantom, migrates to Binance appeared first on AMBCrypto.

a year ago

What Is Theta Network? Introduction to THETA and TFUEL Tokens

What Is the Theta Network? Theta Network is a blockchain-based, content-delivery platform that enables high-bandwidth content delivery using decentralized technology. The current testnet supports Samsung VR, Sliver.TV, and MBN, Korea’s largest business news outlet. In fact, the Theta Labs founding team also runs Sliver.TV and hopes to disrupt streaming video. THETA and TFUEL are the proprietary ERC-20 cryptocurrency tokens used by the network. Most blockchain projects focus on data storage, but video streaming platforms like Netflix and Hulu need more than just drive space. Transfer speeds and bandwidth are key for these services, as 140 million people simultaneously accessing thousands of files can burden a server. Video quality of 4K can take up to 48 Mbps, and high-quality VR resolutions of 16K can take up to 768 Mbps. Needless to say, we’re going to need a better internet. Think about February 4, 2018, when Netflix surprised the world by simultaneously announcing - and releasing - Cloverfield Paradox after the Super Bowl. Such a stunt could easily have DDoSed the company’s servers and shut them down if they weren’t prepared. But they were prepared, and Theta/Sliver aren’t trying to compete with either Netflix or the Super Bowl. They’re supporting an industry that’s competing with both - esports. Like Twitch, this Silicon Valley-based team is focused on the 400 million esports viewers who tune in to watch at least one tournament every year. And PricewaterhouseCoopers estimates these crowds will generate $1.58 billion in annual revenues by 2022. Of course, Theta/Sliver is far from the only company focused on esports. Twitch is a leader in the space, boasting between 2.2 and 3.2 million unique monthly visitors. The company was bought by Amazon in August 2014 for $970 million to bolster its streaming services. This got the attention of Google’s YouTube, which has one billion hours of streaming video watched daily and is now focused on esports alongside its YouTube Red original programming. And these are just the legacy companies involved; blockchain- and crypto-based gaming solutions have been popping up at every GDC and E3 since 2017. These guys have a lot of work cut out for them, and this is certainly not a “if you build it, they will come” industry. It’s a two-sided marketplace where they’ll need to draw content creators and consumers (along with advertisers, eleagues, sponsors, developers, and more). They’re not going in empty-handed though - investors include Samsung, Sony, Gumi, Sierra Ventures, and Aelf. And co-founders Mitch Liu and Jieyi Long (along with CPO Ryan Nichols) have over 30 years of combined experience in tech companies like Tencent, Wechat, Tapjoy, and Gameview Studios. To determine if this project has the stats to complete its quest, let’s check out THETA and TFUEL, the dual tokens used by this fledgling blockchain startup. THETA and TFUEL Token Cryptocurrency Summary The Theta Token (THETA) has a total supply of 1,000,000,000 THETA. The peak price so far was $0.291387 on January 26, 2018. A private Theta ICO token sale was held from January 8 through February 8, 2018, raising approximately $20 million worth of ETH in exchange for approximately 300,000,000 THETA. The initial supply is broken down as follows: 30% private ICO investors 22.5% Theta reserve 15% Network seed/strategic partners 7.5% Advisors 25% Miner Reserve The Theta beta was housed on the Ethereum blockchain, at which time THETA was an ERC-20 token. A token swap took place on March 15, 2019 at the launch of the Theta mainnet. The ERC-20 tokens were exchanged for the native THETA token at a 1:1 ratio for anyone storing their tokens in the official Theta Wallet or supporting exchanges. THETA tokens are earned via a Proof-of-Stake (PoS) algorithm. Tokens are staked to become validator nodes and secure the network. Staking THETA also earns TFUEL THETA is accepted on a wide range of cryptocurrency exchanges, including Binance, Huobi Global, BKEX, Bithumb, DigiFinex, and Upbit. Nearly $10 million worth of THETA is traded on a daily basis, with trading pairs including BTC, USDT, and ETH, along with fiat currencies, like KRW. Theta Fuel (TFUEL) works similar to GAS on the NEO blockchain. Relayers earn TFUEL for lending bandwidth to video streams, and THETA hodlers earn it simply for staking. In fact, 5 TFUEL was awarded for every 1 THETA held at mainnet launch on March 15, 2019. Essentially every tokenized transaction within the Theta ecosystem will be paid for using TFUEL. The peak price so far was $0.023564 on May 25, 2019, and the total supply is 5,000,000,000 TFUEL. Over $10 million worth of TFUEL is traded on a daily basis, and trading pairs include BTC, USDT, and KRW. TFUEL is accepted on Binance, Upbit, and Gate.io. Theta Network ChartChart byCryptoCompare baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[ scripts.length - 1 ]; var

a year ago

Cosmos Code Review: Dammit, Time To Build

Let’s start this Cosmos code review with a look at the claims. Well, just this one really, because it’s kind of a biggie. “Cosmos solves today’s hardest blockchain problems.” Scalability — Tendermint BFT fixes this Usability — Cosmos SDK fixes this Interoperability — IBC protocol fixes this Only three items, but a lot to unpack here. Cosmos is a big mixed bag of different things, so sometimes it’s a bit tricky to know what we are talking about. We have the following; Cosmos — The foundation Tendermint — The pBFT consensus engine Cosmos SDK — The software package / collection that allows you to build dapps (but not in the ethereum smart contract sense, rather in the blockchain per dapp sense) IBC — A protocol for communication Amino — A specific protocol for data transference (protobuff essentially — this statement is overly simplified, but it’s not that important right now) Gaia — The first cosmos “hub” that is built with Cosmos SDK that runs on tendermint So anyone can build a dapp (blockchain) by using the Cosmos SDK (Software Development Kit) that runs on Tendermint and by using Cosmos it becomes IBC compliant and thus can be interoperable. So the scalability is addressed via two areas, area 1 Tendermint pBFT and area 2 that each dapp has it’s own consensus system (Tendermint). So if you build a Cosmos dapp you aren’t building it on Gaia, you are building a completely new blockchain, but because it is IBC compliant it can interact with other blockchains built with Cosmos SDK (thus interoperable) Usability, is because of Cosmos SDK, which wraps all the tricky bits, the consensus, the communication, the p2p, all taken care off with the Cosmos SDK. So the mix above covers, scalability, usability, and interoperability. The above has some interesting implications on the token side, since other than Gaia (which is sort of a demo example of Cosmos SDK) there isn’t really anything to do with Atom. You don’t need it to build your own Cosmos blockchain, you don’t need it for IBC or interoperability. You just kind of stake it and that’s it, since Gaia doesn’t support building on top of it. That aside, let’s look at Gaia and drill down from there. Only 20 commits? Normally a big warning sign. Here it’s 100% ok, because this is just the implementation of Cosmos SDK, the real work is in Cosmos SDK and Tendermint. Which we will get into later. Gaia itself is a fairly small, straight forward code base, and that’s really because it’s just the “demo” for Cosmos SDK. Cosmos SDK and Tendermint are the real heavy lifters. But let’s see how it works. Golang project, so we start with /cmd/ gaiacli — command line interface, used for creating accounts, sending transfers, checking balances. This wraps around the RPC / HTTP endpoints, so we will look into it, but first, we want gaiad — daemon, this runs the nodes / software. All the usual include candidates, cobra/viper for command line. Tendermint here is interesting, cosmos-sdk makes sense. Bech32 prefixes for accounts, validators, and consensus nodes. Usual command candidates. Pruning, MinGasPrice, HaltHeight and then we are sort of done. That’s it, this starts our blockchain. So the real work happens in NewGaiaApp, so let’s go hunt it down. Head over to cosmos/giaia/app app.go This gives a good overview of what is required to import from Cosmos SDK, baseapp is the core skeleton, codec handles all inter component communication, auth and bank for basic accounts and transfers. Distribution, mint (block rewards), slashing (bad behavior), staking (dPoS) all included. This is really all you need. Just setup and initialization of the components, this file will mostly have setup boilerplate. This is copy / paste stuff, just need to setup the key value stores, then you need to setup all the keepers (keepers manage all the work — we will get into them later) AddRoute for proposals (http/rpc), allow community to setup and vote on proposals. This is interesting, SetOrderBeginBlockers, we do mint, then distribution, then slashing, versus setOrderEndBlockers we do govern and then staking. So we first generate block minting, then distribute it, and then slash following by delegation rewards (after block). I’ll have to dig deeper to see why it’s this order. Again, mostly boilerplate from Cosmos SDK. And that’s kinda it. Networks is setup scripts. docs is documentation, the rest is test systems. That’s all the “code” you need to run your own Gaia (Atom staking system — which is really all it is). And that’s a really good sign, it shows you how powerful Cosmos SDK and Tendermint are. Now to be fair, if this was another blockchain other than Gaia (which is Cosmos) I would be utterly unimpressed, since they didn’t do anything, but since Gaia is Cosmos is Cosmos SDK is Tendermint we can keep going. Cosmos SDK, the real secret sauce. 5k commits,

a year ago

Stegos Code Review: Privacy Platform For Decentralized Mobile dApps

Stegos is a completely private, confidential, and scalable cryptocurrency that’s friendly to the environment. At this point I’m tempted to say these guys are OG in this space. Feels like I’ve known Joel for years, and definitely one of the most persistent guys I know. Remember that whole gen 1 vs gen 2 vs gen N argument that was big last year? Some chains claiming to be gen 8 or whatever, I think we are finally seeing the gen 2 wave. We are seeing a lot of PoS + BFT + privacy protocols coming out, and more and more of them are reaching maturity. I previously reviewed Harmony, I’m currently looking into Elrond, we have CasperLabs, Near, Aleph and quite a few others coming out, and I would say they all fit this gen 2 narrative. Technologically, this is good to see, it means the tech stack is maturing. I’m not sure if it means anything more than that, but let’s see. So Stegos. Platform for privacy applications. Stegos provides an absolutely private and secure foundation for building decentralized mobile apps. The usual gen 2 101 promises. Absolute privacy, sharding + high tps, low finality (seconds), data pruning, runs on a mobile device, etc etc. “A secure mobile VM for running HTML/CSS/JavaScript apps” is interesting though. High level promises, check, let’s get into the whitepaper detail. Snowball is definitely interesting. Will need to dive into it. But let’s do a quick high level primer on blockchain and determinism. Why do we trust a bitcoin or ethereum balance? Because we can track every transaction from 0 with basic arithmetic. I know an account has a balance of 10, because it received an input of 10 and I can trace that input all the way back to genesis (or a block reward — since only genesis and block rewards can create new outputs). What happens if these unlinkable and private? How do I know that the value I see I can trust? Original privacy was just about not being able to really see where a transaction went, sort of similar to what exchanges do, you have a bunch of inputs, trading happens in the middle so the inputs are completely messed up, and your ouputs could be from anywhere. To give a more concrete example. Let’s say I deposited 1 ETH, traded a bit and made 2 ETH, and now I withdraw 2 ETH. That 2 ETH is no longer connected with the 1 ETH I deposited. This is essentially a privacy transaction (although getting access to the exchange audit log (assuming they keep one) can give me this data). Some clever cryptography (like ring signatures) allow this, some insane cryptography (like bulletproofs) perfect this. So a ring signature can make the input and output hidden. What about value? I want to send you 10, but I don’t want anyone to see I sent you 10. This is where rangeproofs come in, a rangeproof provides a proof that a value is within a range, without exposing the actual value. So the rangeproof would prove that the value is greater than 8 but less than 12 (for example). So now I can mix up the from/to and I can hide the value, but what if I still wanted to avoid the “to” address, I think I first saw this in Wanchain with their OTA transactions. Essentially another hidden address connected to your primary address that you could transfer to. This would add the balance to your primary address, but transfers would show up to your secondary address. This is stealth addresses. So a lot of different techniques to be able to accomplish some pretty cool privacy behavior. So curious to see how Snowball does it. Need more data on their compacting. Looks like they remove spent outputs and only keep the unspent values (sort of like mimblewimble compacting). Good paper by the way, at some points not technical enough for my liking, but very good at explaining the high level concepts. I take that back, reading the addendum provides all the technical details I wanted. Ok, so definitely a mix of everything we have seen so far, Pedersen commits, bulletproofs, address cloaking, encrypted payloads, utxo pruning, PoS, pBFT, value shuffle and mixing. It comes across very elegant though. Quite often I read these papers and it seems like someone just copy pasted different sections from other papers, this one flows very logical with each additional choice being added seemingly thought out and not simply added for the sake of being able to say they have it. Reading the paper actually makes me excited to look at the code. So let’s do just that; Let’s do the basics. 871 commits, 12 branches, 6 releases, 6 contributors. Healthy repo. Good issue and Pull request management. Consistent and good contributions shared across the top 3 contributors. Very nice to see and shows a healthy code base. Rust codebase. Seeing this more and more often, seems the days of golang are shifting. API is a straight forward websocket implementation; No need to go to deep into this, good architectural design. Blockchain looks promising. A chain versioning number, I don’t see that ve

a year ago

Bitcoin Exchange Kraken Raises $6M Equity Funding In 2 Days

US bitcoin and crypto exchange Kraken has raised over $6.5 million in a matter of days as part of a new equity sale, data has revealed. Kraken Fundraiser Hits $6.55M According to a fundraising page on BnkToTheFuture, which Kraken is using to gather the funds, investors have already contributed €5.87 million ($6.55 million) of the total €9.13 million ($10.2 million) target. In doing so, Kraken has thus passed its minimum threshold of €5,552,073 as of May 21. “We are always looking for ways to democratize access to our equity, allowing more of our valued clients to become valued investors,” officials commented on social media. “To that end, we partnered with (BnkToTheFuture) to create an opportunity to invest in Kraken[.]” CEO Jesse Powell, who was responsible for the BnkToTheFuture pitch, described Kraken as one of the top 5 exchange platforms worldwide for “legitimate” volume, with a client base of around 4 million. Its trade volume in 2018 - a bearish year for cryptocurrency overall - totalled $85 billion, while Kraken is “consistently ranked” as the most secure exchange, he added. A Bitcoin Exchange Renaissance The move comes as various major exchanges have begun performing fundraising activities of their own, albeit in varying formats. As Bitcoinist reported, Bitfinex, which lost control of funds worth $850 million last year, since opted to conduct a so-called ‘initial exchange offering’ (‘IEO’), during which it sold its new LEO tokens to private investors. Despite criticism about its operations and an associated legal case, Bitfinex was also easily able to hit its target, hitting $1 billion in investments in a matter of days. Elsewhere, corporate moves are also netting significant capital for the exchange sector. Last month, a Japanese blockchain fund invested $200 million in the operator of South Korean exchange Bithumb. Meanwhile, Bitstamp and fellow South Korean platform Korbit could soon come under the direct ownership of Disney Corp. should a separate equity deal involving a giant $13.2 billion sum go ahead. The enthusiasm is unsurprising amid the turning tide on cryptocurrency markets in 2019. While 2018 even produced losses for some exchanges - such as that operated by Japan’s GMO Internet - record on-chain volume in May provides ample opportunity for industry players to expand their profile. In February, when Bitcoin price 00 still lingered around $3500, statistics nonetheless revealed that the deposits on the five biggest exchanges combined still equalled less than 1 percent of those in JPMorgan Chase. What do you think about Kraken’s equity fundraiser? Let us know in the comments below! Images via Shutterstock, Bitcoinist archives The post Bitcoin Exchange Kraken Raises $6M Equity Funding In 2 Days appeared first on Bitcoinist.com.

a year ago


News courtesy of berminal.com
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