Zář 05

Snip platform looks to rewrite how the public receives their news

· September 5, 2017 · 12:19 pm

A solution to many of the worldwide concerns about the media comes to market in Snip, a decentralized news feed platform that is completely censorship resist and permissionless.


Problems with current media outlets

For decades, you could probably count on one hand the number of media sources where you get your news from. The biggest corporations in the space had complete control of the content that is in newspapers, TV, radio. But with the rise of the internet, this strangle hold has been loosened. The media is still very controlled and centralized, cracks are beginning to show in the system. For the first time, we are seeing how the media is influencing their content to be aligned with their own agenda. Accusations of fake news are flying around like bullets, with everything from most major sources need to be taken with a level of skepticism.

The team behind Snip are looking to offer the world a better alternative. Snip offers a decentralized new network that can solve many of the current systems problems. The concept behind the platform is that users will be generating short news submissions, or snips, that can be read by anyone else on the platform. Snips can be in a host of forms, such as audio or video clips or even traditional text based posts. This makes the idea incredible censorship resistant, an important talking point in today’s media.

How the platform works

Many applications are hitting the market today that can scan most news outlets for relevant articles. Users can input their interests to receive more personally tailored content. The platform has own custom build algorithm that can filter content to each user’s interests except now the sources it can pull from are endless as anyone can submit their work.

Snip has already partnered with advertisement network AdEx to provided relevant and effective advertising for snips. It gives a fantastic source of revenue for content creators that currently struggle with monetizing their work. In a world of plagiarism that can be done with a simply copy and paste, getting paid for their original work incentivizes writers to want to work on the platform. The whole system works with its own native cryptocurrency known as SnipCoins. They are used to transact value throughout the platform from users, creators, and advertisers.

A total of three billion SnipCoins will be released through its upcoming ICO, the planned start date being towards the end of September. The ICO is valued at $8 million. Post ICO plans for the project is to release a closed, invite only alpha to let people test out critical features such as commenting, voting, custom news feed capabilities, and protections against spam.

Are you using to use this platform upon release? How do you think it will challenge traditional news sources? Let us know in the comments 


Images courtesy of  Appdisqus, Snip

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Zář 02

REVAIN and Internet of things: how soon?

· September 2, 2017 · 5:00 am

According to Cisco, about 50 billion devices are due to come online by 2020. With the Internet of Things getting closer the world will never be the same again. The underlying concept for IoT is basically connecting any device to the Internet and/or to each other — everything from cellphones, coffee makers, washing machines, headphones, lamps, wearable devices to almost anything you can think of.

[Disclaimer: This is a sponsored article]

And it’s been going on for quite a while already with companies like Google producing all sorts of smart household devices and smart self-driven cars. Many of the larger corporations have also expressed strong interest in Internet of Things technology. For example, Bosch’s most recent annual report set out a vision to be “one of the world’s leading IoT companies” by focusing on sensor technology, software and services, while Cisco, known for making networking equipment, has a clear interest in being at the forefront of machine-to-machine interactions.

The potential value of IoT cannot be overestimated. What if your office equipment knew when it was running low on supplies and automatically re-ordered more? What if your car knew where the nearest car shop was and drove itself there to get fixed? What if your fridge knew when it was running out of food and automatically purchased food at the closest grocery store? Or imagine a vending machine that can not only monitor and report its own stock, but can also arrange for the delivery of new items automatically based on the purchase history of its customers or their online reviews.

But the Internet of Things would never be even real if not powered by the latest blockchain developments — it is blockchain that enables smart contracts providing for M2M interactions. IBM IoT latest blockchain development enables devices to participate in transactions to communicate to blockchain-based ledgers. For instance, as an IoT-connected package moves along multiple distribution points, the package location and temperature information could be updated on a blockchain.

But as IoT opens the door to huge opportunities, it does also to many challenges — security being the biggest. With billions of devices connected together how can we be sure that their information stays secure? Blockchain technology has the potential to solve this in the same way it works for cryptocurrency: making sure that data is legitimate and the data processing is well-defined. Therefore, blockchain technology is the missing link to maintain privacy and address reliability concerns of the Internet-of-Things.

Remember the example of a vending machine and a fridge? Machines might be smart, but for now they still need some human help when making a purchasing decision. Where would you turn to if you’re having difficulties when making a choice?

Probably Yelp or Google reviews, but unfortunately these platforms are not able to deal with robotic requests. Moreover, it’s a proven fact that 60% of all the reviews are fake either ordered or generated by millions of bots. The Internet of Things threw down a new challenge and REVAIN accepted it bringing in a new generation review platform. Reviews on REVAIN are based on human opinions and available for robot requests, which means that the machine sends the question and gets the answer as if it was a human request. So a vending machine will be able to go online, scroll down the reviews on chocolate bars and choose the one with the highest review rating. Plus REVAIN reviews can’t be faked or altered. This is truly revolutionary for the future machine communications and as we see technology is booming so the application of these developments is universal. REVAIN crowdsale started 3 days ago and already accumulated 1020BTC proving that the platform with this kind of functional features has been awaited and receiving huge support from the community. The sale will last till September 6. If you wish to support the development of the platform, feel free to join here: https://crowdsale.revain.org/

Well, it looks like the future is now. We might not be able to evaluate the whole impact the blockchain is going to make on human — to — machine and machine — to — machine interactions now, but the amplitude is super intriguing.

REVAIN crowdsale is scheduled to last till September 6, 2017.

Press and Media Inquiries:

contact@revain.org

Related links:

WHITEPAPER: https://crowdsale.revain.org/

https://www.facebook.com/Revain-Reinventing- Reviews-on- Blockchain-657353151128295/?ref=br_rs

Twitter: @revain_org

Telegram: https://t.me/revain.org

Medium: https://medium.com/revain

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Srp 28

This Major Gold Investor is Entering the Bitcoin Market

· August 28, 2017 · 1:00 pm

One of the biggest asset managers in the United States and major investor in the gold market, VanEck, is now entering the Bitcoin.


From Gold To Bitcoin

VanEck is one of the biggest investment and asset management firms in the United States. The investment giant is currently managing an estimated amount of $38 billion in assets. The firm which was founded in 1955, has offices in the United States, Germany, and Australia, which in recent years has focused on precious metals like gold, silver, and platinum.

The company is currently offering more than 50 different exchange-traded funds(ETF) for pension funds, banks, and endowments. Currently, VanEck’s main investment tool is gold but now it appears that it’s going to “dive” into the Bitcoin market.

The market capitalization of Gold is about $7 Trillion, compared to the market cap of Bitcoin which is a little over $71 billion, Bitcoin appears relatively small. But VanEck believes that there still a lot of potential in the Bitcoin market.

In a recent article,  Morgan Stanley believes that Bitcoin might still be too immature to serve as an inflation hedge and that gold is a better investment. In the article Morgan Stanley analyst, Tom Price, stated following about bitcoin:

Some claim that the protocol limiting bitcoin’s supply growth rate, underpins its value,

he also added:

But if Bitcoin is successful long term, we should continue to see competitor cryptocurrencies and market strategies emerge to exploit the new economic rent — a Bearish risk for Bitcoin’s price.

The VanEck Bitcoin ETF

According to reports on August 11, the famous investment firm filed with the U.S. Securities and Exchange Commission(SEC) for an official VanEck Vectors Bitcoin Strategy ETF. The idea behind this special fund would be that it would invest into Bitcoin futures contracts and be available for trading on Nasdaq.

This is a huge deal since this would allow stock traders to invest into the success of bitcoin without actually buying any bitcoins. VanEck’s decision to create a bitcoin ETF might not come as surprising as most people might think. Bitcoin greatly outperformed gold, since January Bitcoin has risen 310% and gold has only grown 11% in the same timeframe.

The History and Future Of Bitcoin ETFs

Bitcoin ETFs aren’t a new invention. Back in May, the famous Winklevoss Bitcoin ETF was officially rejected by the SEC because of regulatory issues. A very recent analysis by Bloomberg has concluded that Bitcoin ETFs may soon become a reality.

What are your thoughts on VanEck’s Bitcoin ETF? Do you think that it will make Bitcoin mainstream for stock traders? Let us know in the comments below!


Images are courtesy of Pexels, Pixabay, Unsplash,

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Úno 26

Bitcoin Demand Rises as U.S. Corporations are Stocking Up

· February 26, 2017 · 9:00 am

Bitcoin has attracted a great deal of interest over the last couple of years, and mainstream investing has skyrocketed with the ever-growing Bitcoin price. Now, a new market sector is starting to emerge as American corporations are stocking up on digital currency to combat cybercrime.


Corporations Fuel Bitcoin Demand as Ransomware Spreads

Hackers with an eye towards gaining valuable Bitcoins are hitting corporations more and more with dreaded ransomware, and this problem seems to be getting worse and worse. How to handle this growing epidemic is also a matter of some controversy. It seems to put companies in a no win situation.

“The official FBI policy is that you shouldn’t pay the ransom,” said Leo Taddeo, chief security officer for Crypt-zone to Newsfactor. Taddeo ran the cyber division of the FBI’s New York City office.

It’s an option to pay the ransom to get back up and running. Sometimes it’s the only option. But it has downsides. Paying ransom just invites the next attack.

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A vicious cycle has begun. The more companies pay out in Bitcoin, the more attacks become likely. The more valuable Bitcoins become, the more attacks become likely. Those who do not pay the ransomware demands may lose the trust of their customers or their valuable business data altogether. From the criminal’s side of it, they can rationalize their dastardly deeds by blaming the victims for not expecting this outcome from now on.

“They’ll actually explore your system to see how much money they can squeeze from you,” said Andrei Barysevich, director of advanced collection at Recorded Future. “They actually think they are on the moral high ground. They think the companies should have paid more for security.”

Ransomware Attacks Hit $1 Billion

A corporate cyber-hitman can demand up to $75000 USD in Bitcoin, or about 65 BTC. Individuals can get hit as well, but they can only be taken for a few hundred dollars. Recorded Future, a Somerville, Mass., threat intelligence firm, says ransom payments skyrocketed 4,000 percent last year, reaching $1 billion. Another firm, Kaspersky Lab, estimates that a new business is attacked with ransomware every 40 seconds, becoming a true epidemic.

Bitcoinist_Kaspersky Labs CryptXXX Bitcoin Ransomware

Another problem is just because you have paid a cyber-criminal does not mean they will kindly do as they said and provide you decryption keys to restore your files. Criminals aren’t the most ethical people in the world, so you may have to pay a couple of times. Authorities say backing up all your computer files on a regular basis may be the best way to protect yourself.

This may save file information, but may not restore computer systems that are needed to continue running the business on a daily basis. It depends upon the attack if you will need to pay up or not. About 25% of companies never get restoration after an attack.

Have you been the victim of a ransomware attack? What’s the best way to prevent such an attack besides backing up your files? Share below!


Image provided by Business Insider, Shutterstock

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Úno 15

Make Ethereum Great Again: How ETH Could Go Mainstream in 2017

· February 15, 2017 · 9:00 am

In July of 2015, the world was introduced to Ethereum, and the altcoin market hasn’t been the same since. So what’s has the world’s second most popular cryptocurrency been up to lately? 


Ethereum’s Quick Rise to Fame

There was a time, let’s call that time, “2015,” when the Bitcoin ecosystem wondered aloud “When is there going to be an altcoin worth a damn?” Funny that we asked that because, in July of 2013, and officially launched in July of 2015, the world was introduced to Ethereum by wunderkind Vitalik Buterin, and the altcoin market has never been the same since. Time for an Ethereum progress report.

3

In Ethereum’s brief history, ever since its initial, successful and innovative crowd-funding campaign, Ethereum has been a hotbed of activity, never short on drama. Its Ether (ETH) digital currency, partially thanks to the broader acceptance of Bitcoin’s digital currency, reached $1 USD in value far faster than Bitcoin ever did, reaching the milestone in about six months (Bitcoin took the better part of three years.)

DAO But Not Out

By the start of the summer, last year, Ethereum had easily passed $1 billion in market capitalization and its currency was valued at around $20 USD, at its peak. Last summer, things were going so well for young Ethereum, the brain trust launched their most ambitious project to date, the ill-fated DAO (Decentralized Autonomous Organization).

This venture brought in so many investors, but failed so miserably in its execution and security that the altcoin hard-forked, broke into two parts, seemingly permanently, and has gone through more forks to cope with the aftermath. The greater Bitcoin community had left young Ethereum for dead.

Ethereum Classic

So the second half of 2016 was a substantial slice of humble pie for young Ethereum, as its value dropped to a still impressive $7.99 by year’s end. Even after being literally broken into two (Ethereum Classic still exists, trading for about $1.25, according to Coinmarketcap,) that is over 700% in appreciation in its first full year, far exceeding the 126.2% return Bitcoin brought back during the same period.

The Next Big Move?

They also had one hold card that had yet to be played in Q1 2017. Microsoft had helped Ethereum get noticed by the mainstream, back in December of 2015, through the integration with their Azure platform for blockchain technology, which was based primarily on Ethereum’s version of blockchain technology.

Many see this as a keystone to Ethereum having such a meteoric rise in early 2016. It looks like Microsoft is ready to make deja vu all over again in the weeks to come.

Bloomberg reports that Microsoft and Ethereum have another agreement, and a major announcement of a new platform application that will again feature Ethereum’s version of blockchain technology is forthcoming. Microsoft, powerful tech companies, and major banking interests are forming what is being called the Enterprise Ethereum Alliance, and this could be a true moonshot for Ethereum’s mainstream adoption and market value.

Bitcoinist_Microsoft Logo

The details and sources are hush-hush, which indicates how big this could be, and is expected to be announced before the end of the month. It’s “smart contract” foundation in creating faster, more secure transactions than is currently used is seen as the main impetus for its ability to create a mainstream corporate alliance.

Apparently, some people know what’s about to happen, as Ethereum values have soared over 60% just since the first of the year, as ETH has gone from under $8 to approaching $13, as of this writing. Something tells me that’s just the beginning of an even greater winning streak for Ethereum.

I’m Not a Financial Advisor, But…..

I did stay at a Holiday Inn Express last night! Therefore, maybe throwing some BTC in on ETH in the short term should be looked into? Sometime around……hmmm…..I don’t know……right now?

chart-6

Kudos to all who developed Ethereum and stayed the course. In what is turning out to be an epic comeback story, those who kept the faith late last year in Ethereum seem poised to be handsomely rewarded with their ROI on shares of the world’s greatest altcoin, Etheruem. The altcoin ante has just been upped.

Gonna be difficult to beat a mainstream business and technological alliance with Microsoft as its bedrock, don’t you think?

Will Ethereum make a comeback this year? Share your predictions below! 


Images courtesy of Shutterstock, Miscrosoft, Coinmarketcap, Ethereum.or, Fortune

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Led 05

A New Bitcoin Bull-Run is Here, Google Trends Show

· January 5, 2017 · 5:00 am

As Bitcoin nears parity with gold, Google trends indicators are showing that this may only be the start of another major run-up in value on the way to higher highs.


Bitcoin Uptick in Global Trends

Bitcoin performed amazingly well throughout 2016, increasing over 120% in value, reaching its all-time high market cap, breaking the $,1000 mark on the first day of 2017.

Although the $1000 surge was expected by many, the continuous rise of Bitcoin continues to amaze the public at large. Driven by political and economic factors throughout the world, global interest in Bitcoin is once again surging in Google search trends:

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China is a well-known driving force in the Bitcoin price, a super-power in both mining and trading of the cryptocurrency. Although interest in Bitcoin was high at the time of the first $1,000 surge in 2013, the Chinese population is becoming more interested in Bitcoin.

Bitcoin’s popularity in China is strongly connected to the devaluation of the Chinese Yuan and the tightening of capital flight restrictions. In fact, both the price of Bitcoin and the devaluation of the CNY seem to be correlated, as noted by J. Scigala of Vaultoro:

As a larger portion of China’s enormous population enters the cryptocurrency scene, Bitcoin may continue to increase in value exponentially.

Regional Interest

While the price phenomenon is largely driven by China, searches for “Bitcoin” are soaring particularly in countries where it is most needed.

It is also becoming increasingly popular especially in Africa. For example, Nigeria and Ghana topped the list of countries most interested in Bitcoin, according to Google Trends. In both countries, the national fiat currency suffers from high inflation rates.

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Elsewhere, inflation and demonetization continue to push citizens towards Bitcoin. This can be noted in both trading volumes and Google trends. In Venezuela, Bitcoin searches have also reached all-time figures, a country where inflation is unmatched and demonetization threatens to worsen the situation.

Searches for “Bitcoin” in the country have been ever-increasing as a result:

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But demonetization has perhaps affected India the worst, with the highest denomination notes being removed much quicker than anyone anticipated. Trading volumes reached all-time high figures in November when the demonetization took effect. Searches for “Bitcoin” have also reached an all-time high, as Indian citizens look for ways to escape the effects of the war on cash.

india

Both trading volume and search trends also broke records in Pakistan following the announcement of similar demonetization policies.

As price continues to rise, on more sustainable terms than the first time, and the public begins to notice, these countries may become increasingly interested in Bitcoin. This could mean the start of a new era for Bitcoin, as a five figure Bitcoin becomes more and more realistic.

Mainstream Media Paying Attention

In an interview with CNBC, BTCC CEO Bobby Lee notes the political effects of global demonetization policies. He adds that Bitcoin could be setting up for higher highs saying,

In the past few years what we’ve seen is whenever we’ve hit it all-time high, Bitcoin will actually exceed its last all time high and go up by a factor of three to five x or even more. So if it cross the 1,300 dollar all-time high, it might even go up to several thousand dollars per bitcoin.

Indeed, as Bitcoin has just broken its all-time high and a new bull-run may be upon us with a good chance of higher highs in 2017.

You can check out the full interview below:

Is this only the beginning of a new bitcoin bull-run? Share your thoughts below!


Images courtesy of Shutterstock, googletrends, twitter

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Lis 04

CoinAgenda Announces Startup Competition Winners

Source: bitcoin

coinagenda

This week, CoinAgenda organizers announced the final winners of the startup competition held at the Las Vegas conference on October 25-26.

Also read: Altcoin Report: Zcash ‘Bug’ Diminishes Privacy

CoinAgenda Startup Competition Places Blockchain Business Ideas in Front of Potential Investors

The firms participating in this competition showcased their products and services, all of which utilize blockchain technology to solve existing problems or create new experiences and business opportunities not possible without the blockchain.

Seventeen businesses competed, each giving 20-minute presentations to industry leaders and investors, including the relatively new Intellisys Capital.

Here is a list of the winners in each of the competition’s categories:

Best Pre-Crowdsale Token: GoPayWin (GoCoin)

Best Trading Token: GameCredits

Best Startup: CakeCodes

Best Ramp Up: Airbitz

Rising Star: CakeCodes

Best of Show: Airbitz

These winners will have their presentations shared among members of the BitAngels investment group, giving the startups a chance to secure new funding.

The other finalists received honorary plaques, and had the chance to network with investors attending the conference.

CoinAgenda founder Michael Terpin expressed his satisfaction with CoinAgenda’s turnout and the results from the startup competition.

“Once again, the BitAngels network allowed us to field an extraordinary group of presenters, from Australia to Europe, and our judges were impressed by the quality of not only the winners, but the entire group of presenters,” Terpin told Bitcoinist.

“As CoinAgenda expands globally, we look forward to connecting even more exciting blockchain startups with a growing wave of investors seeking out these opportunities.”

CoinAgenda has scheduled a one-day summit in Las Vegas on January 4, 2017, a day before the opening of the highly-popular CES. As part of the summit, Terpin will speak at the CES Blockchain Breakfast as part of the conference’s Digital Money Forum.

Did you attend CoinAgenda? What did you think? Let us know in the comments below.


Images courtesy of Ryan Strauss.

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Lis 04

Altcoin Report: Zcash ‘Bug’ Diminshes Privacy

Source: bitcoin

Altcoin Report

Zcash encounters technical problems, Mintcoin proves controversial, and BipCoin makes its debut. Want to catch up on your latest altcoin news? Read the stories below.

Also read: Altcoin Report: Ether Outranks Bitcoin as Highest-Performing Cryptocurrency

ZCASH

Zcash, the latest addition to the world of altcoins, has encountered a bug that prevents private transactions.

The official website states:

“There is one known bug, which causes private transactions (those in which all of the inputs and outputs are shielded addresses) not to get mined. We’re going to release v1.0.1 shortly to fix it.”

Funds sent to “t” addresses can be processed, while “z” addresses are out of the picture. While “z” addresses are completely anonymous, “t” addresses present a level of transparency, which has angered some users. Zcash’s biggest claim to fame has been that it is a “completely anonymous” currency, and investors are waiting for the big fix to occur sometime soon.

MINTCOIN

Mintcoin is an altcoin that claims to use less power. Offering “lightning-fast” transaction speed, a representative released the following statement:

“Mint’s code base continues to mature and develop as a guide for what works in the consensus-driven POS industry… Mint transactions are processed quickly and painlessly with 30 second block times. Our community and brand are friendly and trusted. Mintcoin is a truly open source, trusted coin for the people, by the people.”

Why then, is the coin stirring controversy? Apparently, Mint’s pre-min of 700 million coins didn’t go exactly as planned. According to representatives, payments and pre-mine address funds were drained earlier than expected, and developers involved in the project have decided not to stick around. The coin promises security, and many are wondering about Mint’s ability to keep up granted there doesn’t seem to be a solid team offering support.

Still, those standing by continue to push forward, saying Mint’s base is regularly growing.

BIPCOIN

A new currency called BipCoin has made its official debut. Using the same technology as Monero, the cryptocurrency has released a new GUI wallet for both Linux and Windows.

What makes the coin unique? The fact that it is inaccessible to government officials. BipCoin can be used by anyone granted they’re not a government or government agent, bringing the notion of independence to a whole new level.

BipCoin developer Michael Dean says that the no-government stance is the currency’s way of giving users an extra layer of privacy:

“Governments worldwide push on people and want to be up in everyone’s butt-crack… Even non-anarchists are saying ENOUGH, and for the first time in history, high-level encryption in EVERYTHING is available to everyone, not just some super-tech smart geeks.”

Know of any altcoins that deserve mentions in our regular reports? Post your comments below.


Zcash image courtesy of Twitter.

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Lis 03

Incent Brings Loyalty to the Blockchain With ‘Open Value’

Source: bitcoin

incent

Incent Loyalty, an Australian-based company, wants to tap into the potential of loyalty rewards points through creating a tradable, “open-value” token called Incent, which customers use to gain and trade loyalty points near-instantly and worldwide. While low-cost blockchain technology helps to solidify storage, Incent Loyalty’s consumer facing applications can be personalized to align with the branding of merchant partners.

Also read: AirBitz and WINGS Partnership Secures Future of DAOs

Incent: Tokenizing Loyalty Rewards

To provide an easier customer experience, loyalty values will additionally still be displayed in terms of that particular region’s local currency. Through a partnership with Australian small and medium sized business group Smea, Incent already has access to over 30,000 merchants and has seen interest growing rapidly. With an ICO for Incent ongoing, the company has a growing resource pool to build upon its vision.

Through connecting blockchain to commerce, Incent will encourage use of cryptocurrency among merchants without succumbing to the difficulties of the at times costly and over-crowded Bitcoin blockchain.

Rob Wilson, CEO and co-founder of BitScan and Incent Loyalty, said that he first had the idea for the solution when he saw a plethora of plastic loyalty cards in a purse. Clearly, there was opportunity to rid of the inefficiencies of traditional loyalty programs and implement blockchain technology to unleash a new form of tradable value.

Incent Loyalty has been doing a vast majority of its business digitally, with users most commonly visiting from USA, UK, and Canada. According to the company, this reach demonstrates the global potential of loyalty programs. With early interest from pharmaceutical organizations, retailers, sports betting, and a growing amount of B2B and B2C opportunities emerging, early merchant interest has been considerable. Goals in the future include growing adoption further in brick and mortar stores.

With an estimated worth of the current US loyalty-rewards industry at $65Bn and with projections out to 2020 see this building to $100Bn, opportunity in the space remains immense.

“Currently, the points or ‘currency’ for these programs (such as air miles or loyalty points) are locked up in individual silos per store or consortia, while overhead costs remain from tracking, producing, and managing the plastic card accounts and internal databases,” Mr. Wilson remarked.

Incent is helping to prove that Blockchain technology indeed does lower costs and put forth a more appealing proposition for both retailers and customers looking to interface with cryptocurrency, for a cause we can all relate to.

The Incent token will have a finite supply. Its value at the point of sale will be determined by the open market. By incorporating such a program, merchants can elect to allow this value to be exchanged and spent outside of their walled garden. Cross-partnerships between merchants will enable for promotions and sales or usage of coupons to occur directly within the application. Moreover, customers will be able to cash out at any store through wireless technology built into their mobile handset.

Built upon the Waves, a robust blockchain platform, Incent will provide a friendly user experience for both merchants and customers while using the distributed network for infrastructural purposes. Incent already had a connection with the Waves team, and trusted Waves’ technology stack to help them realize a sound, background-operating blockchain backend. Waves’ Proof-of-Stake (POS) blockchain enables for increased scalability and speed.

Waves’ gateways in and out of fiat and options to incorporate trading for newly minted ICOs will allow the value of Incent to open up worldwide. As APIs for Incent develop, plugins will help the concept scale even further. By providing statistics and data to merchants, blockchains technology is being utilized in a new way to unleash value while improving a merchant’s brand and customer base.

What are your thoughts on the potential for use of loyalty points on blockchain technology? Share your thoughts in the comments below!


Images courtesy of Incent.

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Lis 03

GameCredits, Datcroft Games to Bring Cryptocurrency to Gaming

Source: bitcoin

GameCredits Gaming

On Thursday morning, Datcroft Games announced a partnership with GameCredits to bring secure and seamless use of in-game cryptocurrency to a vast community of gamers and developers using natively-developed, back-end blockchain technology.

Also Read: AirBitz and WINGS Partnership Secures Future of DAOs

Founded in 2016, GameCredits enables game developers to use the “GAME” token securely for MMORPGs and other games. The first roll-out is within the popular game Fragoria, which already has a user base of 8 million.

Gamers either buy or win GAME and leverage them for in-game purchases, use in other games, immediate cash outs, or as an investment. Developers can also benefit through earning rewards when a popular game is created, or by contributing to the code base, with no cap in rewards potential.

Cryptocurrency Takes to Gaming With GameCredits

Jon Comer, CMO of GameCredits, spoke to his excitement about the partnership:

“GameCredits Inc. is extremely excited to bring in the team from Datcroft. More than just a business partnership, this is a collaboration of development talents that now number close to 100 people working on the our new payment solution. Datcroft’s expertise and reputation in the gaming industry will give us the leverage needed to bring gamecredits to the mass gaming market.”

Through lower overhead costs brought forth through blockchain technology, purchasing items in-game is additionally enabled. Traditionally, GameCredits said, costs were too high to incorporate micropayments or complex in-game purchases into games without crossing problems of centralization and overhead fees.

Similar to a Ethereum gas, GAME tokens can trade directly inside their own wallets for USD, euro and bitcoin, or traded on digital exchanges.

The Value of In-Game Tokens

Loyal users win GAME and spend them across different games while cashing out or sending to exchanges for trade. The stands to offer incentives for developers too, with Datcroft reporting that their developer community now has access to a larger repository of tools to work with, particularly regarding techniques to acquire and trade scarce digital assets.

The cryptocurrency’s integration into popular games reportedly allows users to have larger deposit limits than traditional payment methods could enable. With increased revenue sharing to developers with quicker payouts, GAME makes a case for developers to contribute to the ecosystem, and can be cashed out into whatever currency one desires.

GameCredits’ advertised transparency and advanced fraud protection provides benefits for gamers as well. Sergey Sholom, CEO Datcroft Games Ltd., remarked how GameCredits and cryptocurrency give users of games on Datcroft new possibilities when gaming.

“Gamers will have the ability to make larger deposits and the ability to earn incentive discounts for purchasing in game items with gamecredits,” Sholom said. “Gamers typically have limited deposit options depending on where they live and cryptocurrency is something that is borderless.”

What are your thoughts about the future of cryptocurrency in gaming? Share your thoughts in the comments below!


Images courtesy of Pixabay, GameCredits. 

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GameCredits, Datcroft Games to Bring Cryptocurrency to Gaming

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