Ethereum

Binance Announces Decentralized Exchange, Bounty On Hacker

Submitted by Seth Goldfarb on Wed, 03/14/2018 - 17:15
03/14/2018
Binance Announces Decentralized Exchange, Bounty On Hacker

Binance, one of the world’s largest digital asset exchanges by trading volume, will be launching a decentralized exchange called Binance Chain. In their announcement, the company expressed their belief that the future will have a place for both centralized and decentralized exchanges and their intention to improve the trading experience for users of decentralized exchanged. Binance Coin (BNB), the native token on the Binance platform offering discounted trading fees, will be transferred to its own blockchain and incorporated for use on Binance Chain in addition to Binance.

The exchange also announced a bounty of $250,000 for information leading to the lawful arrest of the individual or individuals responsible for the hack that disrupted trading on March 7th. A phishing scheme allowed the hackers to collect login information from unsuspecting victims who saw their accounts drained to purchase VIA/BTC while other accounts created by the attackers sold pre-purchased VIA/BTC at the top of the market. Binance’s risk management system caught the irregular trades and temporarily closed withdrawals on the platform. Engineers then successfully managed to reverse the illicit trades, returning funds to users while keeping the funds pre-purchased by the hackers.

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What is Nexus (NXS)? | Beginner’s Guide

Submitted by Seth Goldfarb on Fri, 03/02/2018 - 10:45
03/02/2018
What is Nexus (NXS)? | Beginner’s Guide

This article was originally published on CoinCentral

What is Nexus?

Nexus is a peer-to-peer network that improves on the speed, scalability, security, and accessibility of current blockchain protocols. The project mainly accomplishes this through the use of a quantum-resistant 3D blockchain in combination with communication satellites in space. With this, Nexus founder Colin Cantrell is aiming to “decentralize the decentralization”, by taking it out of reach of any government control or mining pool monopolies.

Hold on to your hats, folks. This is one of the more ambitious projects out there, so let’s get right into it.

In this Nexus guide, we’re going to go over:

Three Dimensional Chain (3DC)

Nexus uses, not one, not two, but three consensus mechanisms to form a three-dimensional blockchain. The team argues that having three different mechanisms in place reduces miner centralization and enables more efficient on-chain scaling.

Prime Channel

The Prime Channel is a Proof-of-Work channel. In this channel, miners search for 308-digit dense prime clusters through trial-and-error. Dense prime cluster mining is more ASIC-resistant than traditional hash mining. Therefore, even if you have just a CPU, you can mine on this channel.

Outside of cryptocurrency, the mining on the Prime Channel produces data that can be further used in prime number research for quantum physics.

Hashing Channel

The Hashing Channel is also Proof-of-Work but uses Hashcash instead of dense prime clusters. This is similar to Bitcoin’s mining algorithm except that miners search for SHA-3 (with Skein) hashes while Bitcoin miners find SHA-256 ones. The Nexus block hashes are 4x the size of Bitcoin block hashes.

You should use a GPU when mining on this channel.

Proof-of-Holdings

The third and final channel uses Proof-of-Holdings to secure the network. This is essentially the same as the Proof-of-Stake consensus method used by coins like NEO. You earn newly minted Nexus coins (NXS) just by holding the ones you already have.

Four attributes determine what your return will be when you stake your coins:

  • Interest Rate – An annual percentage of your balance, this is the rate at which you receive new coins. This starts at 0.5% annually and increases to a 3.0% annual maximum after 12 months.
  • Trust Weight – This is an indicator of your node’s trust. It starts at 5% but quickly reaches its 100% maximum after just one month.
  • Block Weight – This attribute resets to 0% each time you receive a staking transaction. It then slowly climbs to 100% over 24-hours. If your block weight ever reaches 100%, your Trust Key expires and all your attributes reset. The reset trigger ensures that you’re continually working to maintain the network.
  • Stake Weight – The value of this is roughly determined by the average of your trust weight and block weight. The higher this is, the more likely you are to receive a transaction.

Nexus Hardware

Nexus has a three-pronged distributed telecommunications system to further decentralize the network.

Mesh Networks

Because the network provides three distinct mining opportunities, almost anyone around the world can run a node and participate in network security. All nodes in a mesh network work together to solve a block rather than compete against each other. This serves to distribute network data more so than other systems.

To take things further, Nexus may produce specialized antennas for you to purchase to operate locally based networks as well.

Cube Satellites

Nexus has partnered with Vector Space Systems (Vector) to create a Low Earth Orbit (LEO) Satellite Network of nodes. The satellites, in combination with the ground mesh network, will host the Nexus network as well as any decentralized apps (dapps) built on top of it. Even more outstanding, the satellite network will provide a worldwide decentralized Internet giving service to those previously unable to access their own.

Ground Stations

The Nexus ground stations connect the mesh networks on the ground to the satellite network in space. They run the uplink/downlink operations including address endpoint route defining and ground-based caching. They also run their own instance of Daemon, the software component of the Nexus system.

Nexus Coin (NXS)

The Nexus coin (NXS) is the currency of the network. There’s no cap on the amount of NXS that will be minted. Instead, the coin has a 10-year distribution period in which 78 million NXS will be distributed until September 23rd, 2024. After this time, the supply will inflate each year by a maximum of 3% through the holding channel and 1% through the prime and hashing channels.

Nodes create blocks, on average, every 50 seconds, and an NXS transaction requires 6 confirmations. Currently, most transactions cost 0.01 NXS. However, once the 3DC is built and 10-year distribution is complete, transaction fees will disappear. Instead, the system will absorb the fees through inflation.

Nexus didn’t hold an ICO. Instead, the project has a Developer Fund that takes a small commission from mining rewards. This commission starts at 1.5% and increases to 2.5% over 10 years. Additionally, 20% of the block rewards are slotted for marketing as well as the production and launch of the Nexus satellite network.

Nexus Team & Progress

Colin Cantrell, also known as Videlicet, is the founder and lead developer of Nexus. He first named the project Coinshield (CSD) when starting in September 2014. The original code only contained the prime channel; the team added the hash channel in October 2014. In April 2015, the team rebranded to Nexus, and they added Proof-of-Holdings in July 2015.

Besides partnering with Vector on the satellite network, Nexus has also joined forces with SingularityNET to provide their 3DC architecture to the project’s decentralized AI network.

Moving forward, Nexus is releasing major updates following their TAO (Tritium, Amine, Obsidian) roadmap strategy. The releases include the 3DC, mobile wallets, quantum resistance, and the satellite network, among many other things.

Nexus is one the most ambitious, if not the most ambitious, projects in the cryptocurrency space. First and foremost, the project is attempting to dethrone Bitcoin as the top peer-to-peer currency. With the decentralized internet produced from its space mesh network of satellites, Nexus is also competing with Substratum.

Trading

Like most of the crypto market, Nexus was relatively quiet until 2017. During that year, the price rose from $0.026 (~0.000027 BTC) to $3.34 (~0.00087 BTC) by September. Shortly after, the price fell back down to about $1 before skyrocketing up to an all-time high of $13.33 (~0.0008 BTC) in January 2018.

This significant rise in price can most likely be attributed to the Vector partnership announcement in combination with the success of the entire market at that time. Since then, the price has drastically fallen, sitting at $1.75 (~0.00018 BTC) at the time of this writing. News of the SingularityNET partnership seems to have had no effect on the price.

The team hasn’t published a roadmap with exact dates, so it’s hard to make any price predictions for the immediate future. As with most cryptocurrency projects, though, important development releases should have a positive impact on the price. With the scope of this project, you should probably consider it a long-term hold.

Where to Buy NXS

You can purchase NXS on either Bittrex or Upbit with BTC. If you don’t currently own any BTC, check out our guide on how to buy some.

As mentioned early, you can also earn NXS through mining. Check out the Nexus mining page to download the miner that fits best with your strategy. As a reminder, you should mine with the Prime Channel if you’re using a normal CPU, and you should check out the Hashing Channel if you plan to use a dedicated mining rig like an ASIC.

Once you hold at least 1,000 NXS, you can stake to earn additional coins.   

Where to Store NXS

Nexus has an official wallet for Windows, Mac, and Linux desktops. Although you can keep your NXS on an exchange it’s highly recommended that you move them to a wallet. You’re only able to stake your coins if they’re in a Nexus wallet.

Conclusion

Nexus is building a new type of blockchain with three separate mechanisms for securing the network. On top of that, the team is sending node satellites into space to create a decentralized Internet and network outside the control of any one entity. The overall mission is to create an improved Bitcoin with faster transactions, lower fees, and less miner centralization.

Nexus is one of the few projects truly addressing quantum resistance and other potential future issues. If these problems become as large as the team believes they will, and they can accomplish their lofty mission, Nexus may just be one of the few projects still in action 20 years down the road.

Additional Nexus Resources

Twitter

Slack

Telegram

Reddit

Discord

Github

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The Race to be the Best Decentralized Storage Solution

Submitted by Seth Goldfarb on Wed, 02/21/2018 - 16:32
02/21/2018
The Race to be the Best Decentralized Storage Solution

This article was originally published at CoinCentral.com

Blockchain technology is all about decentralization. First it was financial systems and payments. Next came decentralized apps and programs that could run on the blockchain. Now, another frontier is opening with the decentralization of file storage. The decentralized storage space has rapidly become a crowded race, with StorjSia, Filecoin, and MaidSAFE all competing for market share.

The idea behind decentralized storage is allowing ordinary people to rent an unused portion of their hard drive space in a peer-to-peer network. The different platforms we’ll discuss in this article accomplish this task in slightly different ways. No matter the approach, however, data is a booming industry, and the future looks promising for any project that can perfect decentralized file storage.

Basics of Decentralized Storage

Decentralized storage works by sharing a file across a peer-to-peer network.

First, the uploader encrypts the file, and that person retains the key to unlock the encryption. Then the file gets broken into many smaller pieces. Each of these small encrypted pieces gets duplicated to ensure redundancy. Finally, the file shards get sent to various individual computers on the peer-to-peer network.

Those individuals hosting the files only have a small shard of the file’s contents, and it’s encrypted. This means hosts can’t gain information from the file. It also means that launching an attack against a hosting node would be pointless.

To recall a file, the original uploader uses a private key along with a blockchain-hosted hash table to locate all the shards of the original file and ask the network to reconstruct the file. Once the nodes send back the various shards, the file gets rebuilt. Then the uploader uses the original encryption key to unencrypt the file for use.

Demand for Storage

The cloud storage market is enormous. However, major players like Amazon and Google currently dominate the space.

Market research groups estimate the cloud storage market could grow to $74.94 billion by 2021 and $92.49 billion by 2022. If decentralized storage can capture even a small percentage of that market, it’s poised to be a large industry.

That’s why the race to be the top decentralized storage solution is so competitive.

Storj

Storj is, by far, the market leader for decentralized storage. It is also one of the oldest projects in the space. To date, Storj boasts a community of 20,000 users (uploaders) and 19,000 farmers (storage providers).

The project’s code is open source, so anyone could implement an instance of Storj. That said, Storj Labs, the private company behind Storj, has already built an impressive network. Users pay for access to that network.

The Storj architecture follows the standard model of sharding, encryption, and swarming described above to split and re-compile files.

User Experience

Storj’s big differentiator (aside from being the dominant force in the market) is user experience. Storj makes it easy and intuitive to sign up, host your files, or operate a node. It’s intended for mass market adoption, and the design clearly works.

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The payment model is also pay-as-you-go for uploaders, and they can pay in USD. This facilitates onboarding and makes the transaction easy to understand.

However, control over the user experience comes at a cost of some centralization. Storj Labs controls access to its network. The network is more decentralized and secure than centralized alternatives, though. Storj also can’t see any of your files. However, you do have to trust the Storj portal to use the network.

STORJ Token & Future Plans

Storj doesn’t support mining. Instead, its farmers undergo file audits. If the farmer can prove their computer is online and holds a copy of the given file, then they’ll receive a payout. These audits ensure that the files actually exist on the network. They’re also how farmers get rewarded.

Payouts come in the form of STORJ tokens. STORJ is an ERC-20 token. In fact, the entire Storj ecosystem is a dApp on the Ethereum blockchain. Storj does not have its own blockchain.

In the near future, Storj plans to focus on solutions for scalability. They also hope to address file sharing, so users can share/revoke access to files in real time.

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Storj has multiple partnerships in place to test and grow its reach. Notably, they recently partnered with FileZilla, a major FTP provider. In the last six months of 2017, the amount of data stored on Storj grew by 50% each month. Storj currently hosts over 30 petabytes of data on the network.

Sia

Sia is Storj’s biggest competitor with a viable product released to production. It works in a similar way to Storj. Specifically, Sia splits files into thirty segments, with enough redundancy that they could successfully rebuild the file with only ten of the thirty segments. The protocol also encrypts files in a similar way to Storj.

In contrast to Storj, Sia has its own blockchain. This proprietary blockchain supports smart contracts that Sia uses to manage and send files. Once sent, Sia also implements similar storage proofs to audit its nodes’ file maintenance.

Siacoin (SC)

Sia doesn’t support fiat payments like Storj. Instead, uploaders and nodes pay and get paid in Siacoin. Sia also needs miners to support its blockchain, and those miners are rewarded in Siacoin as well. There are multiple mining pools for Siacoin, the first and largest of which is SiaMining.

Growth & Future

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Over the course of 2017, Sia grew from 75 hosts and 500 TB of storage up to 1,000 hosts and 3.3 PB of available storage. That’s a rapid growth rate. However, it’s still small in comparison to Storj’s 20,000 hosts. Storj also has over 3.5 PB in use – more than Sia’s entire network size.

Filecoin

Filecoin is an interesting contender in this race because it hasn’t launched yet. Still, many anticipate it will be a major player in the space from day one.

This is partly due to the team behind the launch. Filecoin is a project from Protocol Labs. They’ve successfully deployed other network-based storage and computing projects, most notably IPFS. Filecoin also has massive backing. On the one hand, Silicon Valley venture capital is behind the project, including Andreessen Horowitz and Kamal Ravikant. On the other hand, Filecoin launched one of the most successful ICOs ever, raising $205 million in its token sale.

Platform Architecture

Filecoin’s white paper describes a dual approach to platform architecture that uses two types of network nodes.

The first are the storage nodes, like those in Sia and Storj. However, Filecoin seems to be angling toward larger players with large amounts of dedicated storage to contribute.

The second type of nodes are retrieval nodes. These nodes are ideally physically located in a central point surrounded by many storage nodes. They also need high-bandwidth, low latency internet access to retrieve and relay file shards as efficiently as possible.

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When operating a node, Filecoin works on a model of proof of continuous replication of the file shards entrusted to you. Creating redundancy earns Filecoin tokens. Filecoin is also ahead of the game on infrastructure. Since it comes from the same company that developed IPFS, Filecoin already has a built-in protocol for redundancy and erasure coding.

Marketplace

Another differentiation is that Filecoin offers a marketplace for data storage. Whereas Storj and Sia have established pricing models, Filecoin encourages asks and bids on a data storage exchange. Hosts can state at what price they’re willing to offer storage and uploaders can choose whether to accept that price.

Future

There’s a lot of hype around Filecoin, but the reality is they haven’t yet launched. It still remains to be seen whether the hype is warranted.

MaidSafe

MaidSafe is a smaller competitor in the field, so far. They’re also not strictly a file storage solution. They also have ambitions to get into the realm of decentralized computing. These broad ambitions make them an interesting project that could have enormous potential if they succeed. However, the drawback is grand visions mean less focus in the near term on establishing and differentiating a viable solution to a single problem.

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Their architecture is all about providing computing resources, not just storage. If your computer has a lot of processing power, for instance, you could rent that out on MaidSafe. Bandwidth or consistent, reliable connectivity are also valuable computing resources that you can trade on MaidSafe.

MaidSafe will also make it possible to use the network anonymously. This gives added privacy to your file storage when combined with end-to-end encryption and sharded storage.

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The project is still in the alpha stage of development. It doesn’t have all its features yet. However, they are making progress on development, entering Alpha 2 in the last few months.

Conclusion

The future of decentralized storage is exciting. It has the potential to be faster, cheaper, and more secure storage for broad adoption. While competition is fierce in this space, it will ultimately be good for the resulting technology. All of these teams are working hard to improve and differentiate their solutions. If speed, price, and scalability improve, you could see these companies going toe-to-toe with Amazon and Google in the not so distant future.

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MiraLab: Making Cryptocurrency Easier

Submitted by Seth Goldfarb on Sun, 02/18/2018 - 11:12
02/18/2018
MiraLab: Making Cryptocurrency Easier

Introduction
    Miralab wants to make using cryptocurrency easier with a product called the MiraBox, an encrypted container for storing tokens or files that allows users to buy and transfer digital assets with the ease of downloading files. The company offers three types of MiraBoxes: single-currency NominalBoxes, multi-currency MultiBoxes, and SmartBoxes integrated with smart contracts to allow users to set conditions for opening or extracting the box’s contents. The MIRA token will enable users to pay commission fees for Multibox or Smartbox purchases and reward developers, arbitrators, and node operators.

Team
    Team members include CEO Dmitriy Baday, CFO Nikita Novozhilov, CMO Vitaliy Manshin, Business Developer Nadia Shcherba, COO Andrey Skriptsov, and Art Director Misha No. The technical team is led by CTO Ernest Shekolian, Chief dApp Engineer Eugene Babichenko and System/dApp Architect Taras Emelyanenko. Eugene Radchenko and Alexander Ivanov are advisers to the project.

MIRA Token
The MiraLab ICO officially begins on April 1, 2018 but tokens have been available for pre-order since February 1 at a 30% discount with a minimum contribution of 1 ETH or the equivalent. A total of 30,770,000 MIRA tokens will be issued with 24,000,000 released in the token sale aimed at raising $20,000,000. Purchases may be made in BTC, ETH, LTC, or DASH and KYC will not be required. 78% of tokens will go to investors with 15% reserved for the team and advisers, 6% going to a reserve funds, and 1% held for bounties. The company has committed to burning up to 45% of the tokens received as revenue to support the value of the token and reserve funds of both tokens and dollars will be maintained to combat volatility.

Conclusion
The MiraLab Wallet and platform launch is scheduled for October. It sounds like MiraBoxes will provide users with a form of digital cash - easier to spend than having to enter the amount of currency you wish to transfer for each transaction - but having to spend MIRA tokens to obtain the cash seems like a high price to pay for a minimal improvement in terms of convenience. The team will need some high-profile partnerships to support the integration of such a system. To learn more about MiraLab or the MiraLab ICO, please visit their website at https://miralab.io/.

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Simple Guide To Exchanging Digital Currency With GDAX

Submitted by Seth Goldfarb on Sat, 02/17/2018 - 13:41
02/17/2018
Simple Guide To Exchanging Digital Currency With GDAX

Introduction

To learn more about digital exchanges, please check out The Ultimate Guide To Digital Exchanges. The GDAX exchange can be found at https://www.gdax.com/. GDAX offers trading pairs in US Dollars, Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.

Getting Started

Click the “Create Account” button in the top right corner of the screen. After entering in your information, click the “Create an Account” button. You’ll then be prompted to enter more information, to verify your identity.

GDAX Signup

Once your identity is verified, you can now fund your account. Click on the “Deposit” button on the “Order Form menu” at the left side of the screen. You can deposit funds from a Coinbase Account, BTC Address, connected Bank Account, or through a Bank Wire. 

GDAX Deposit

After you have deposited funds GDAX will wait for the transaction to be confirmed. Confirmation takes longer for some digital assets than others but once your funds are received you can use them for trading. 

Checking Your Balance
Click on the “Accounts” tab, on the top right pop-out menu, to view your account balances and other account information.

GDAX Balance

Making An Exchange
Click the “Select Product” tab on the top left side of the screen and choose your desired trading pair. You can place an order using the “Order Form” menu, on the left side of the screen. 

GDAX Exchange

For this example we have the USD/BCH trading pair displayed. To make a purchase of BCH using USD at the current market price leave “MARKET” and “BUY” selected and enter the amount of USD you wish to spend to see the amount of BCH you will receive. If you’re satisfied with the exchange rate then click “Place Buy Order” to execute the trade. GDAX also allows more advanced users to place limit and stop orders, which you can learn more about here.

GDAX Order Form

Advanced Features and Security Considerations
Some exchanges offer margin trading, futures, and other features designed to enhance the trading experience for more advanced users. It is recommended that users develop a solid understanding of trading and investment before purchasing digital assets or making use of advanced trading features. Be aware of the tax implications incurred by trading in your jurisdiction and the inherent risks of investing in general. Using an exchange can be intimidating for new users so practice making trades with small amounts of currency until you are comfortable using the platform of your choice. Most importantly, have fun!

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The Ultimate Guide to Digital Exchanges

Submitted by Seth Goldfarb on Fri, 02/16/2018 - 11:18
02/16/2018
The Ultimate Guide to Digital Exchanges

Introduction
A digital exchange allows users to purchase and exchange digital currencies. Some exchanges allow users buy and sell cryptocurrency to each other, some allow users to buy and sell tokens and fiat currencies from the exchange itself, and some strictly deal with digital currency exchange, often with advanced trading features like margin and futures. 

Types of exchanges

  • Peer-to-Peer: A platform allowing users to exchange digital currencies with other users. The exchange itself does not hold onto any currency but facilitates trades between users, ex. www.localbitcoins.com
  • Fiat-to-Digital: A platform allowing users to buy and sell digital currencies for fiat currency or other digital currencies, ex. www.coinbase.com
  • Digital: A platform allowing users to exclusively exchange cryptocurrencies, ex. www.bittrex.com

Security features to consider
The first rule when dealing with digital currencies is that you are solely responsible for the security of any money you store online. Always store your password in a safe location and make sure to use a strong password containing letters, numbers, and symbols. Many exchange, online wallets, and cryptocurrency users have suffered from security breaches resulting in the loss of significant assets so skepticism toward exchanges and wallet providers is highly recommended.

In addition to a secure password, two-factor authentication using an application like the Google Authenticator App rather than receiving a code via SMS is recommended. Exchanges are intended for use as an exchange and for daily trading so use your own digital wallets for long-term storage.

Questions to ask when choosing an exchange
Do users purchase digital assets directly from the platform, exchange IOU’s using a market-clearing mechanism that allows withdrawals, or from other users via the platform? Is this a reputable exchange? Does the exchange provide my desired functions? Am I legally allowed to exchange digital currencies based on the laws where I live?

Trading on an exchange
As an example we will use the platform provided by Bittrex at www.bittrex.com. Once you have created an account, hopefully set up two-factor authentication, and funded your account you can navigate between bitcoin and USDtether trading pairs at the top of the screen. The following example displays charts and information for the BTC-BCC trading pair trading Bitcoin and Bitcoin Cash, including the current BCC price in bitcoin and USD, the 24-hour volume, current bid, ask, and 24-hour high and low spot prices.

Bittrex

If we scroll down from there we find the actual exchange functions for buying Bitcoin Cash on the left and selling it on the right and below that the order book containing the most current bids to buy BCC and the asks for those wanting to sell you BCC. 

Bittrex Order

To buy BCC, enter the amount of BTC you would like to spend in the row marked “Total” on the left side. Then use the drop-down menu marked “Price” in the “Bid” row and select the “Ask.” The lowest rate at which you can currently buy BCC will be displayed in the “Bid” row and the amount you can buy will be in the row marked “Units.” As they say, you want to buy low and sell high. 

If you select a “Good Til Cancelled” order and the amount of units you intend to purchase exceeds the amount displayed in the “Size” column under “Asks” in the order book then your order will remain on the order book until a large enough lot of BCC becomes available at or below the requested price. If you select a “Fill or Kill” order the order will not remain on the books if it can’t be immediately fulfilled.

To sell BCC, enter the amount of BTC you would like to spend in the row marked “Units” on the right side. Then use the drop-down menu marked “Price” in the “Ask” row and select the “Bid.” The highest rate at which you can currently sell BCC will be displayed in the “Ask” row and the amount of BTC you can receive will be in the row marked “Units.” Again, if the amount of units you intend to sell exceeds the amount displayed in the “Size” column under “Bids” in the order book then your order will not be immediately filled. 

If you would like to see your order filled then search for a Bid whose size exceeds the amount of BCC you wish to sell; multiple bids can be used to fill an order so if the size of the first few orders exceeds the order you wish to make then as long as you place the order at the lowest bid before any other orders are entered you will have your order filled. 

Advanced features and other considerations
Some exchanges offer margin trading, futures, and other features designed to enhance the trading experience for more advanced users. We recommend developing a solid understanding of trading and investment before making use of these features. Be aware of the tax implications incurred by trading in your jurisdiction and the inherent risks of investing in general. Using an exchange can be intimidating for new users so practice making trades with small amounts of currency until you are comfortable using the platform of your choice.

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DeHedge: Hedging Products for Cryptocurrency Investments

Submitted by Seth Goldfarb on Wed, 02/07/2018 - 04:16
02/07/2018
DeHedge: Hedging Products for Cryptocurrency Investments

As demonstrated by the recent market correction in both cryptocurrency and stock markets, hedging your bets should be considered a critical part in the development of a sturdy portfolio. DeHedge wants to make hedging investments in digital assets easier with a platform offering tools that allow users to hedge against various events ranging from dips in the spot price to hacked or cancelled ICO’s. Investors will be able to purchase hedging coverage using the DeHedge token, which will also be used to raise the funds to serve as collateral for the products offered by DeHedge.

    DeHedge uses their own scoring model incorporating data analytics to determine the amount of tokens required to purchase hedging coverage. The ICO hedging platform has been under development with release planned for March, 2018. Hedging products available to investors will include ICO cancellation, fluctuations in the spot price of tokens, wallet or ICO hacks, and volatility affecting mining and mining farms. Cofounded by CEO Mikhail Chernov, CCO Bogdan Leonov, and COO Dmitry Ansimov, the DeHedge, advisors to the project include wealth fund manager Jack Hunter, Senior Editor of Irish Tech News FinTech Specialist Simon Cocking, and Taras Yakovenko, a Risk and Business Management professional with over fifteen years of experience. 

The DeHedge ICO has been scheduled for March, 2018 but a specific date has not been set. Eighty percent of the tokens will be reserved as collateral for hedging products with fifteen percent going to the team and, two percent each for the bounty program and advisors and one percent for marketing. Of the amount allocated to the hedging reserve, eighty percent will be reinvested in cryptocurrency assets while the remaining twenty percent will be held for unplanned payouts. 
    Reinvesting eighty percent of the assets allocated to the hedging reserve in cryptocurrencies could expose DeHedge to a significant degree of risk but the availability of financial instruments like hedging products also helps decrease the volatility of digital asset markets. A number of projects in the cryptocurrency space aim to offer derivatives or other financial instruments of interest to traders but hedging products represent a relatively unexplored niche. No matter what the markets do for the rest of the year, demand for these products that allow investors to hedge will not be likely to go away. To learn more about DeHedge please visit their website at https://dehedge.com/

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ECOS: A Blockchain Solution for Quality Control in the Food Industry

Submitted by Seth Goldfarb on Sun, 02/04/2018 - 21:48
02/04/2018
ECOS: A Blockchain Solution for Quality Control in the Food Industry

Counterfeit food products cost the industry an estimated $10-$15 billion a year, a prevalent issue in China and one that can cause serious illness to unwitting consumers. ECOS offers a solution with a platform enabling developers to create decentralized software for inspection and quality control in the food industry. The company will launch the ECOS token to give developers an incentive to create useful software and allow users to purchase services on the platform. Consumers will be able to use the software to verify the source and authenticity of food products and access valuable information about them.

Founded in February, 2017 by CEO Aleksei Zeleznyak, the ECOS team includes Chief Analytics Officer Nataly Zeleznyak and Chief Web Officer Egor Sporykhin with Cryptor, Trent Projekt, Advendor, Grand Holding, Inpointed, and Hansa Law as notable partners. Not much information about team members’ previous experience could be located but Cryptor Trust offers capital to blockchain startups, Avendor offers cost per action (CPA) advertising, Grand Holding is a corporation based in Armenia, and Hansa Law operates out of Lithuania, Latvia, and Estonia. Potential investors should be wary of the general lack of information regarding the team members and companies associated with ECOS.

The ECOS roadmap, on the other hand, appears optimistically conservative, dedicating much of 2018 to technical and market research and development as opposed to rushing out a beta release for the public. The ECOS’ ICO presale begins on February 14, 2018 with the main sale scheduled from May 15 to June 15, 2018. ECOS tokens will cost $0.10 during the presale and sale with bonuses for early purchases and a cap of $77 million. Ten percent of tokens will be available in the presale, fifty percent in the main sale, and the rest will go toward bonuses, a bounty campaign, and early supporters. Please visit http://www.ecos.ee/en/ to learn more about ECOS, participate in their bounty campaign, and register for their upcoming ICO.

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Five Projects For Merchants Excited About Cryptocurrency

Submitted by Seth Goldfarb on Wed, 01/31/2018 - 17:22
01/31/2018
Five Projects For Merchants Excited About Cryptocurrency

Incredible growth in the market for digital assets this past year has more and more retailers wondering how to cash in on the hype. Whether taking payments in digital currencies or promoting sales through tokenized marketplaces, retailers have an increasing variety of blockchain-powered options at their disposal. From loyalty or reward programs and tools discouraging fraud and theft to payment processing services and merchant networking, here are five projects offering unique, effective blockchain solutions for merchants:

  1. Rewards

Rewards aims to bring cryptocurrency to the masses with a tokenized loyalty program allowing users to gain Reward points (RWRD) that can be used to purchase items from their network of marketplaces. Rewards.com boasts over 250,000 users earning commissions and receiving discounts and won the startup competition at the CoinAgenda Global Investors Conference in 2017. The Rewards ICO aims to raise a minimum of $1.5 million to support the launch of The Rewards Global Marketplace in the first quarter of 2018. Cofounded by CEO Todd Rowan and Linda Butcher, the platform will provide users with discounted goods while increasing traffic for affiliated merchants.

https://rewardstoken.io/

  1. CryptoTrust.Network

CryptoTrust Network tackles the fraud and theft that deter many retailers and consumers from using digital currencies by providing security tools for merchants, exchanges, and card-issuers. The suite will include tools for wallet and identity verification, tracking stolen currency, and generating risk ratings for transactions. Cofounded by CEO Jim Dowling and CTO Will Finlayson, the CryptoTrust Network ICO is currently open and running through February 22, 2018. The CTN token will be used to pay for data and services on the platform, fund development of the tools, and reward node operators and data suppliers.

https://cryptotrust.network/

  1. Setcoin

Service Exchange Token (SET) or Setcoin is a digital asset issued by Inserviss for payments on the Inserviss Platform, an online marketplace connecting service providers with customers. The platform allows service providers to list, promote, and manage their services and offers consumers location-based searches, reviews, and payment processing. Cofounded by CEO Igor Perepelychnyy and CCO Elena Perepelychnyy, the Setcoin presale is currently underway on the WAVES decentralized exchange and the ICO begins on February 1, 2018.

http://www.inserviss.com/

  1. Asset Token

Asset Token is developing a digital asset providing credit card rewards that can be transferred between reward programs. The token will be hosted on the Ethereum blockchain and allow users to generate Asset Tokens that can be redeemed through participating rewards point programs using digital wallets with incorporated KYC/AML information. The team includes Digital Asset Manager Todd Nichols, Senior Strategic Analyst Paul J. Gerstenberger, and Technical Advisor Dennis Lyon with LDJ Capital Cofounder and CEO David Drake, Emergent Technology CTO Sally Eaves, and Simon Cocking as advisors to the project.

https://www.assettoken.io/

  1. Glance Pay

Glance Pay offers a mobile payment application allowing consumers to quickly pay for purchases with a mobile device while generating discounts via their loyalty rewards program. The app charges no extra fees and enables users to split, pay, and add tips to bills by scanning the bill and deducting funds from any major credit card. Users have access to digital receipts and new users currently have the opportunity to receive $5 off their first two purchases using the app. Merchants partnered with Glance Pay receive funds from customers directly in their bank account the following business day with transaction fees automatically deducted.

https://glancepay.com/

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Brixby ICO: A Transportation Services Marketplace

Submitted by Seth Goldfarb on Tue, 01/30/2018 - 21:52
01/30/2018
Brixby ICO: A Transportation Services Marketplace

Brixbу iѕ a marketplace that bringѕ together реорlе whо wаnt to rеnt, раrk, аnd charge thеir саrѕ аnd аѕѕеt оwnеrѕ оf any size whо аrе rеаdу tо оffеr thоѕе ѕеrviсеѕ, in оnе еаѕу-tо-uѕе Brixbу app. Brixbу will рrоvidе a dесеntrаliѕеd blockchain-based mаrkеtрlасе, where еасh trаnѕасtiоn iѕ confirmed. Trаnѕроrtаtiоn ѕеrviсеѕ are in high dеmаnd, duе to the growth оf cities аnd inсrеаѕеѕ in рорulаtiоn. It iѕ a USD 74+ BN mаrkеt, which iѕ rеаdу fоr innovation and trаnѕраrеnсу.

Brixbу tеаm is rеаdу to take оn thiѕ сhаllеngе, hаving successfully imрlеmеntеd ѕimilаr ѕеrviсеѕ оn bоth small and mеgа-сitу scales. There аrе twо gоаlѕ for thе сlоѕеd рrе-ICO: find thе соntributоrѕ аnd find thе testers fоr Brixbу pre-alfa арр. The bеѕt раrt оf Brixbу’ѕ mоdulаr ѕtruсturе iѕ that buѕinеѕѕеѕ mау uѕе оnlу thоѕе services thаt are сurrеntlу аррliсаblе for thеir ѕizе аnd processes, thuѕ аllоwing fоr a lеаn IT infrastructure.

Rеgiѕtrаtiоn for thе рrivаtе рrе-ICO has ѕtаrtеd аt www.brixby.io . All intеrеѕtеd раrtiсiраntѕ may rеgiѕtеr on ѕitе. On Dесеmbеr 15, еvеrуоnе rеgiѕtеrеd аnd eligible will be granted an ассеѕѕ to their Brixby account аnd will bе аblе tо mаkе соntributiоnѕ. For аll the еаrlу supporters, thеу оffеr fаntаѕtiс bonuses: uр to 100% bonus dереnding оn the amount оf a contribution. All thе dеtаilѕ will bе shared аftеr the pre-registration.

CHRISTMAS SALE: Also, thеrе wаѕ a ѕресiаl Chriѕtmаѕ ѕаlе, on December 24 аnd 25 and Jаnuаrу 7 аnd 8, tо incorporate bоth Chriѕtiаn calendars. This special рrоmоtiоn wаѕ for Christmas оnlу.

FOR TESTERS: Thе key tо Brixbу’ѕ success iѕ оnе univеrѕаl арр with grеаt user experience, which serves drivеrѕ in all thе соuntriеѕ. To do thаt wе need thе соmmunitу’ѕ hеlр. We are vеrу еxсitеd that we gоt the рrе-аlрhа app rеаdу! Bеfоrе аррrоасhing thе роtеntiаl clients fоr рilоting thе арр in a commercial еnvirоnmеnt аnd аdding mоrе services, ѕuсh аѕ еlесtriс vеhiсlе сhаrging аnd саr ѕhаring, wе wоuld likе tо gеt thе соmmunitу feedback аbоut uѕеr experience of оur core ѕеrviсе – раrking.

You do nоt hаvе to be a рrоfеѕѕiоnаl tеѕtеr with a shiny rеѕumе, аll you need is an Android phone – thе firѕt vеrѕiоn оf thе рrе-аlрhа app iѕ android оnlу. Thе first ѕtер tо bесоmе a tеѕtеr is tо jоin the tеѕtеr соmmunitу оn www.brixby.io wеbѕitе. Aftеr thаt, уоu’ll have tо fill a ѕhоrt ѕurvеу, that will hеlр us undеrѕtаnd your background. Onсе dоnе, you’ll gеt a dirесt link to dоwnlоаd the Brixbу app with tеѕting inѕtruсtiоnѕ. Fоr соmрlеting thiѕ simple tаѕk, thеу are оffеring Brixbу tokens free of сhаrgе:

• 500 Brixby tоkеnѕ еасh, for thе first ten testers, whо complete thеir tаѕk

• 250 Brixby tоkеnѕ еасh, fоr thе nеxt tеn tеѕtеrѕ,

• 150 Brixby tоkеnѕ each, fоr the last tеn testers.

Rеgаrdlеѕѕ оf whеthеr the driving method iѕ autonomous оr whеthеr the саr is роwеrеd bу gasoline, hydrogen, or electricity -раrking and rеfuеling аrе twо оf thе ѕеrviсеѕ Brixby will рrоvidе. Brixby will еnѕurе that the selection of services аnd the customization оf ѕеttingѕ will bе drivеn by market dеmаnd аnd bу thе аdарtiоn оf technology, bе it app, USSD, or еnd-tо-еnd intеgrаtiоn with a ѕеlf-driving vehicle.

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