Srp 21

Dash Sponsors Arizona State University’s New Blockchain Research Lab

· August 21, 2017 · 5:00 am

Cryptocurrency Dash have this week announced that they are to fund a Blockchain Research Lab in partnership with the Ira A. Fulton College of Engineering at Arizona State University.


More Blockchain Research?

If it seems like every other week there is a news story about yet another tin-pot government, trying to work out how blockchain technologies can benefit them, then take heart. Dash are spending their cash on bringing some high-end research back into the educational sphere.

The new lab will look at the possibilities that blockchain and cryptocurrency can provide for the everyman. Whilst giving students hands on experience with blockchain, it will focus on how blockchain and cryptocurrencies can be improved. A number of topics have been outlined for initial research.

Such as?

One subject which is particularly pertinent at the moment following the recent Bitcoin hard fork is scalability, and the lab will be considering the viability of various long-term solutions for blockchain scaling.

dash

The facility will also research methods to lessen the environmental impact of mining. This could include identifying or minimizing the level of hash rate required to ensure the security of the network.

Another topic to be investigated is the best way to avoid cryptocurrency mining becoming more centralized. After all, if we are pushing for decentralization then this is surely one of the key aspects we are trying to avoid.

So where did Dash get this cash?

The Dash network has a rather unique model whereby block rewards are divided between a number of beneficiaries. 45% go to miners, 45% to so-called master nodes, and 10% go towards a network development budget.

Obviously Dash will be using the output of the research lab to improve their own network, and who can blame them. The results will also be available for any other cryptocurrency to incorporate as they see fit.

Dash fund a bug bounty program through the same network development scheme. They certainly seem to be one of the more proactive players in the field of self-improvement.

Looks like even more cash coming their way

The DASH price surged to a record high following the announcement, meaning more budget for future network development.

One hopes that combined with their ASU collaboration, this can only lead to a better future network.

Will this new initiative help grow the Dash network? Let us know below! 


Images courtesy of Shutterstock 

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Srp 14

Tezos to Open $50 Million Venture Fund After Raising $232 Million

· August 14, 2017 · 4:00 pm

Tezos, the startup whose recent ICO raised $109 million in less than 15 hours and a total $232 million in just three days, has announced its plan to open a $50 million venture fund.


The $232 Million ICO

Tezos - The $232 Million ICO

With the recent hype surrounding ICOs, more and more startups are trying to raise money through token sales. This July, the U.S.-based startup launched its initial coin offering and was able to raise $232 million, which at this time is the second largest amount any ICO has raised, coming in just behind the Filecoin ICO, which managed to raise the record breaking $250 million.

The blockchain startup is offering what they describe as a “self-amending cryptographic ledger”, a decentralized platform for smart-contract verification and validation, which is primarily focused on banks, financial institutions, and corporations. Not content to rest on their recent laurels, Tezos have been focusing on the development of their own VC fund, which they announced in their August update.

The VC Fund

Tezos ICO

Usually, when start-ups raise huge amounts of funding, they primarily invest it in growth, research and development, or marketing initiatives. Tezos decided to take a slightly different approach for their funding distribution. According to an article by Crowdfund Insider, Tezos’ new $50 million VC fund will mainly focus on investing in startups and companies that use the Tezos platform. The remaining funds are being slowly diversified and invested in more traditional investment vehicles like stocks, bonds, and precious metals.

The idea of the venture capital fund is to drive more third-party development for the Tezos blockchain, and thus help grow the Tezos platform. The fund will also invest in projects that they feel will help promote general blockchain development. It is also worth noting that due to the blockchain split on August 1, in addition to the bitcoins that were raised through the ICO, the startup has also received the equivalent amount of BCH which they are planning to invest into various assets.

In their August update, the Tezos team had the following to say about their new venture capital fund:

We are extremely pleased to announce a commitment of $50 million in venture capital funding to companies looking to build on the Tezos platform. This capital will be partially deployed through venture capital partners to be announced, as well as through a direct venture arm. The innovation and growth of the ecosystem is the top priority of the Tezos Foundation.

Currently, the team is actively coding on the long-awaited platform that will power a new kind of smart contracts.

What are your thoughts on the new $50 million venture capital fund from Tezos? Do you think that it will help promote their platform? Let us know in the comments below!


Images courtesy of Pexels, TezosFoundation

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Srp 11

Interview with DMarket: The First Cross-Game Marketplace for In-Game Items

· August 11, 2017 · 4:15 pm

Bitcoinist spoke with Volodymyr Panchenko, Founder and CEO of DMarket, a first-of-its-kind marketplace that allows gamers to buy, sell, or trade in-game items from any game on any gaming platform.


Bitcoinist: What is DMarket?

VP: DMarket is the first cross-game marketplace that allows gamers from all over the world to trade or exchange in-game goods originating from any gaming platform. In fact, DMarket will allow more than two billion gamers to buy and sell their items. Existing games and platforms are currently covering only 6% of gamers worldwide. We will give this opportunity to everybody.

DMarket in-game asset marketplace

Bitcoinist: What is the difference between you and Steam, for example? Are there any other competitive advantages that your platform has comparing to the other existing ones?

VP: As I just mentioned, our platform will satisfy the “trade needs” of all gamers, as opposed to the other platforms that currently cover 130M (6%) video game players. I am not saying we are better and they are worse. Ours is just a different approach. We use blockchain technology that makes this set-up possible.

Let me explain: technology actually lies at the core of the problem. To make trading possible on a large scale we need to synchronize hundreds of thousands of databases. We are using a decentralized database on blockchain to address this. All operations are fast, secure and synchronized in real time. The important part is that a sale or exchange of any virtual item from any game or platform can happen in one click. This turns each and every virtual item into a real commodity for billions of gamers worldwide.

Bitcoinist: How does DMarket work with game developers?

VP: Using our API, any game developer can easily connect its game to DMarket. These days we are talking to Unreal, Unity and CryEngine developers to feature DMarket libraries on their engines. This will simplify and improve game developers access to our platform.

Bitcoinist: Are there any benefits for game publishers?

VP: Both mobile and PC game publishers will benefit from working with us. We can help them drive their direct revenues. DMarket gets a commission from every deal and the major part of it goes to the rights holder. There’s also what we call “shared marketing”. By promoting our platform, we promote all the video games available there. As a result, the game publisher doesn’t need to invest as much into marketing. Marketing budgets can be reduced!

The third benefit is the increased lifetime value. By giving gamers worldwide the opportunity to make money by trading, exchanging and “hunting down” rare in-game items, we are prolonging the lifetime of the games. Based on our experience in game trading, out of 10 thousand games that we trade every day, 80% are more than 2 years old. Our platform increases the life cycle of the games.

How DMarket works

Bitcoinist: You’ve just mentioned about your experience in game trading. Could you please tell us more about your expertise?

VP: Being the founder of Suntechsoft company, I can say that I’m quite an expert when it comes to game trading. Suntechsoft is the number one private merchant of digital games in the world. In the past 5 years, we sold over 15 million games via eBay, G2A, and Kinguin. I am also the founder of skins.cash, the 2nd biggest virtual items marketplace (12M items sold in the past year alone). With total annual revenues of $50M. So yes, I’ve got expertise in virtual items and games trading.

Bitcoinist: What about the rest of the DMarket top management team?

VP: We have a core team of 3. We all come from different work backgrounds. Co-founder of DMarket Alexander “ZeroGravity” Kokhanovskyy has 17 years of experience in eSports. He is the founder of Na`Vi (Natus Vincere), one of the most popular and successful eSports teams in the world. In 2016 he became a shareholder of ESforce Holdings, the 3rd biggest eSports entity funded by USM Group (Mail.ru, VK .com, Megafon) which raised over $100M of investments in the latest round.

There’s also Andriy Khavryuchenko, the senior developer of DASH cryptocurrency (world top 7, market cap $1.4B). He has 4 years of experience in crypto development and 26 years of experience in software development.

DMarket to Monetize Game Items with the Power of Blockchain

Bitcoinist: Since you have experience in trading and cryptocurrency development, are you planning token emission?

VP:  The only technology allowing Dmarket to run is decentralized blockchain. Since we can not put a hundred dollar bill into the smart contract, we definitely need to have tokens. Dmarket tokens will be the only native currency of the platform for all trades, exchanges, and fees.

DMarket launches the first round of token sales on August 17, 2017. The second round will follow in November 2017. Tokens will be available to trade within 30 days on major cryptocurrency exchange.

Bitcoinist: What are the minimum and maximum amounts of money you plan to collect during ICO?

VP: The minimum amount we aim for is 5 million DMarket tokens with 1 ETH being equal to 1,000 DMarket tokens. The maximum amount is 50 million tokens.

Bitcoinist: What are the reasons to buy DMarket tokens? How can you guarantee the value of your currency?

VP: Every purchase, sale, exchange or any other transaction on our platform will require the use of DMarket tokens. No further emissions are planned beyond the first two trading rounds. The amount of trading and exchanging transactions on the platform will naturally grow fast over time and so will grow the need for the tokens. That is the best guarantee of DMarket tokens value.

Bitcoinist: What makes you think that the amount of purchase, sale, exchange and other transaction on your platform will go up?

VP: They will go up as the industry as a whole grows. We are witnessing a rapid growth of the gaming industry. It’s estimated that 2.2 billion gamers will generate $108 billion of revenue this year. This is a 6.8% growth on 2016. In addition, according to forecasts, the combined revenues of the AR and VR market will reach $122 billion by 2021.

Are you a gamer? How will DMarket’s cross-game marketplace change how in-game assets are bought and sold? Let us know in the comments below.


Images courtesy of DMarket, Wikimedia Commons

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Srp 06

Po.et Partners With Blink To Automate Licensing Digital Content To Major Media Companies

· August 6, 2017 · 6:15 pm

The prominent blockchain-based digital asset management startup Po.et has announced its partnership with the global content studio Blink.


Proof of Existence 2.0

Po.et is a very young blockchain startup that aims solve multiple problems in the digital content industry. The Singapore and Los Angels-based project utilizes blockchain technology in order to create a platform that makes publishing, licensing and distribution of digital assets easier.

The Po.et platform would essentially use blockchain technology and smart contracts to eliminate the middle man and thus, allow content creators to directly sell their digital assets to publishers, without having to pay enormous transactions fees. It’s worth to note that Po.et’s platform includes a digital media licensing market, which would allow publishers to directly select digital assets that fit their territory.

Currently, the Po.et project is planning to host its initial coin offering with the help of Moscow-based startup, Zerion. Interested contributors can invest into the token sale with an invite code that can be obtained through the official po.et website.

Partnership with Blink

Po.et partners with Blink

In an official press release, Po.et announced that the international content studio Blink has partnered with the young startup to efficiently track licenses with the help of blockchain technology.  According to the press release, Blink’s customers include prominent corporations like Google, Airbnb, ESPN, and more. In the article, the CEO of Blink, Matthew Craig, stated following about the partnership:

The unwieldy process of managing licenses and copyright terms for the large volume of content produced by Blink is simply a fool’s errand – our clients want a better solution that creates transparency and accountability at every stage of licensing and our artists deserve it. This partnership is a critical step forward for licensing and will allow Blink to continue servicing the insatiable market for original content at scale,

Konstantin Richter, responsible for the Business Development of Po.et also added:

This partnership allows us at Po.et to envision a complete marketplace where freelancers can get hired, protect their work and get rewarded for it in a proactive manner. The Blink participation will help us to ensure we develop the right blockchain utilities to serve their needs,

With the use of blockchain technology and smart contracts, Po.et will be offering an extremely useful tool that will save publishers and content creators from a lot of “headaches”.

What are your thoughts on the Po.et and Blink partnership? Do you think that Po.et will become a successful platform? Let us know in the comments below!


Image courtesy of Po.et, Pexels, Shutterstock

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Čvc 27

True Flip and DAO.Casino Enter Strategic Partnership to Improve User Experience; ICO Nearing Completion

· July 27, 2017 · 5:30 pm

Provably fair blockchain lottery True Flip has announced a strategic partnership with DAO.Casino, the gambling blockchain protocol which allows for the creation of custom-made decentralized online casinos funded and run by the community. Both projects are currently in ICO stage.


The Beginning of a Beautiful Partnership

For their first joint project, True Flip will undertake the development of a decentralized lottery game on their platform utilizing DAO.Casino’s gambling protocol. True Flip expects this update to provide additional momentum to platform’s development following the crowdsale.

Nikita Parhomenko, True Flip COO

Nikita Parhomenko, True Flip COO, stated:

As we’re aimed to provide the ultimate user experience for those playing at True Flip, the general idea of extending our product line was stated to be among the first major improvements following the crowdsale. It has become clear that True Flip and the team behind DAO.Casino have a mutual interest, so we move on with our Roadmap goals using this chance to rapidly implement the partner’s excellently crafted solution. Thanks to the success of True Flip’s ongoing crowdsale, now we’re ready to boost the planned improvements process.

The DAO.Casino team, on the other hand, believes that this implementation will be a great illustration of the ways their innovative protocol can benefit all sorts of online gambling services and the entire online gambling community.

DAO.Casino CEO Ilya Tarutov

DAO.Casino CEO Ilya Tarutov weighed in on the partnership as well:

The DAO.Casino’s protocol was created to provide the necessary level of decentralization for the businesses seeking it. True Flip is one good example of the benefits given by such partnerships. As we provide this team with a sustainable back-end solution to maintain one of its gaming options, it’s going to become a good showcase of the opportunities that DAO.Casino provides to its partners and another argument in favor of the bright future ahead of our technology. We look forward to making this partnership a truly win-win for both teams.

Further details of the project have yet to be released, however, additional information will be provided in the coming weeks as the new API integration process has only just begun.

True Flip ICO Status Update

True Flip’s ICO, which ends in a little over a day and a half at the time of this writing, has been – by anybody’s standards – a rousing success. In the first few hours following the ICO’s launch, over 2 million of the available 14.7 million TFL tokens had been sold, raising an impressive 1225 BTC or $3.1 million USD at today’s exchange rates.

Now, with the end of the ICO just around the corner, TrueFlip has announced the desired goal has been attained.

Parhomenko addressed ICO participants stating:

First, I’d like to thank all token holders for their priceless support of this project. I’m sure there are no obstacles now to thwart our way ahead! With good efforts already made, we’re ready to face the tough challenge of gaining the desired market share. True Flip has all the prospects to set the industry standard in provably fair gaming. This target motivates the team on its step-by-step track towards the desired product and business setup. In the nearest weeks, we’ll provide more news on True Flip’s current workflow and further development.

True Flip ICO Status Update

At the completion of the crowdsale, all remaining unsold tokens will be destroyed and funds raised will be allocated as follows:

  • 40% of funds raised during the campaign will form the jackpot
  • 23% will finance further development of the platform and new games
  • 20% will be reserved for marketing
  • 12% for operations
  • 5% for legal purposes

Holders of TFL tokens will be entitled to participate in the decision-making process regarding the project’s future development. In addition, they will be eligible for a share of 10 to 15 percent True Flip’s revenues from all tickets sold every quarter.

There is still time to participate in the ICO and earn 20% bonus TFL tokens. Once the 2000 BTC mark has been reached that bonus will be slashed in half to 10%. To learn more about TrueFlip please visit their official website or click here to learn about the True Flip ICO.

About True Flip

True Flip is the developer of a provably fair blockchain-powered international lottery inspired by classic PowerBall-like lotteries. The platform has proven to be extremely popular, having attracted over 100,000 players worldwide and paying out over 44 BTC since its beta launch in April of this year.

About True Flip

The project’s team summed up just how True Flip differs from traditional lotteries:

The history of lotteries has not known any solution that could guarantee the absence of any meddling. TrueFlip intends to revolutionize lotteries with transparency and fairness brought about by blockchain technology.

For more information: Website  •  ICO  • White Paper  •  Github  •  Steemit

What do you think of the new partnership between True Flip and DAO.Casino? How will it improve the platform’s UX? Let us know in the comments below.


Images courtesy of True Flip, DAO.Casino

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Čvc 02

Block.one Breaks Records, Raises $185 Million in 5 Days

· July 2, 2017 · 11:00 am

Blockchain startup block.one raised a record-breaking $185 million USD through the ICO of its EOS cryptocurrency.


The Hong Kong-based startup block.one recently announced that they have raised $185 million in 5 days, through the ICO of their cryptocurrency EOS. The record-breaking amount of funds that were raised, were enough to take the record from the Bancor ICO. The Bancor ICO was able to raise $150 million for its ICO.

The Technology

EOS infographic

Block.one’s product is EOS, a new platform that allows developers to create blockchain apps on top of their protocol. The EOS software will introduce a new kind of blockchain architecture that allows vertical and horizontal scaling of decentralized applications.

The startup also claims that the EOS platform can handle hundreds of thousands of user transactions without charging any fees. On the official website of EOS, the team also stated that the software will be released under an open-source license.

EOS Token

EOS graphic

After many previous ICOs like Status and BAT were sold-out lightning-fast, the block.one team decided to use a take a different approach for the EOS token distribution process. The EOS token distribution will take place over 341 days, starting on 6/27/2017 and 1 billion tokens will be issued in total. According to the official EOS page, the distribution will have several different phases.

The first phase of the distributions took place between June 6th, 2017 and July 1, 2017, with a total 200 million tokens be up for sale. The second phase of the EOS token distribution will start on July 1st, 2017 and 700 million EOS token will be distributed. These 700 million tokens will then be split evenly into 350 consecutive 23 hour periods of 2,000,000 EOS tokens each. The final 100 million tokens will be reserved for the block.one team and cannot be traded or transferred.

When asked why they chose to use this particular token distribution method, the block.one team explained:

A lot of token distributions only allow a small amount of people to participate. The EOS Token distribution structure was created to provide a sufficient period of time for people to participate if they so choose, as well as give people the opportunity to see the development of the EOS.IO Software prior to making a decision to purchase EOS Tokens.

What are your thoughts on the EOS ICO? Do you think that the block.one team took the right approach for their token distribution? Let us know in the comments below!


Images courtesy of block.one, unsplash.com

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Čvn 19

Altcoin Exchanges: Pros and Cons of Top Platforms

· June 19, 2017 · 1:00 pm

Altcoins, a collective name for all cryptocurrencies except bitcoin, have become the main point of attraction for cryptotraders around the world. The altcoin market, full of promising new coins, highly reputable old rivals of bitcoin, and downright scam coins, shows an equal potential for making someone a fortune or leaving them penniless.


Altcoin exchanges pop up like mushrooms after a summer rain, a fact that is predominantly attributed to the need of diversifying one’s altcoin investments. After the Mt.Gox fiasco, everyone is understandably very cautious.

The collapse of Cryptsy has made matters even worse. After two years of operation marked with multiple technical failures and unpopular administrative policies, the exchange went down after a $7.5 million-worth hack. The litigation that ensued has revealed that the exchange’s owner was stealing money for himself.

Even under increased caution and scrutiny, there are still many existing altcoin exchanges offer deals that involve downright swindling coins. Because of this, traders who lack a gargantuan appetite for risk-taking stick with the most reliable exchanges. Here are three of the most popular and top performing altcoin exchanges.

Poloniex

Poloniex, aka Polo, is probably the best-known altcoin exchange of them all. It offers a wide variety of cryptocurrency pairs, so a seasoned trader may compose a great portfolio of their choosing in no time.

Poloniex altcoin exchange

Signing up with Poloniex is similar to other websites that don’t offer instant registration via social networks. As with other online trading platforms, a new user has to undergo two levels of verification. Undergoing just the first level limits withdrawals to $2,000 a day. By providing further personal information like ID and home address, a user may extend the withdrawal limit to $25,000. In order to have an opportunity to withdraw more than that, a user would have to contact the exchange’s support team.

Technical support is available via e-mail, tickets or direct chat. The latter is possibly the best way to get a response as fast as possible, however, the moderators do not tend to answer the queries right away, and some users have complained that the responses were not sufficient to answer their questions.

The website offers two-factor identification similar to other online exchanges.

Remarkably, Poloniex does not deal with fiat currencies. The USD exchange rate it presents is actually tied to Tether, an altcoin designed to cost exactly $1. This issue often confuses newbies who try to withdraw fiat from the exchange.

Poloniex chart

Another notable downside is that the Poloniex offers no mobile apps, though it does provide a mobile browser version instead. There have been reports suggesting that there is an app at Google Play for Android devices, however, the app has no affiliation with the exchange, and therefore considered dangerous.

The exchange’s website is somewhat bulky and has been known to perform slowly compared to other exchanges. There have been reports of users’ browsers freezing up if there are other tabs opened at the same time.

Most notably, despite the service’s overall strong reputation, there have been numerous accusations of minor scams like supervising controllable and prearranged pumps and dumps, as well as meddling with Ethereum Classic supply. Additionally, DDoS attacks occur quite often to Poloniex, and its customers are more likely to receive phishing e-mails.

Takeaway: Overall, Poloniex is a great exchange for those interested in altcoin trading.

LiveCoin

LiveCoin does not focus on any particular part of the world, however, it supports USD, Euro-Russian Ruble withdrawals, so it might have the biggest appeal to those who mostly deal with those fiat currencies. However, altcoins traded at the platform are abundant.

LiveCoin altcoin exchange

The exchange requests that those who use bank transfers for deposits undergo special verification, which should be addressed to the support team. For all other cases, no additional verification is required. The service also offers two-factor verification for log-in and withdrawals common with all trading platforms and additionally may enable text notifications sent directly to the customer’s phone. Unlike Poloniex, LiveCoin does not use any withdrawal limits.

Similar to most other exchanges, LiveCoin offers standard market orders, limit orders, and, on top of that, pending orders, which is not common with its competitors. Pending orders are orders that essentially will activate only once the price of a selected currency reaches the value set forth by a trader. This may actually influence the trading by removing any influence from a particular trader. In fact, as long as nobody sees an order at a specified price, it cannot drive the market anywhere.

LiveCoin Chart

Another notable feature of LiveCoin is that the exchange offers fiat vs altcoin pairs, which most other currencies lack. This effectively removes the need to buy bitcoin for fiat, and then altcoin for bitcoin, thus paying transaction fees twice.

Unlike some other exchanges where users may wait a long time until the support team responds, LiveCoin’s support team is quick to reply and remains strictly professional. Additionally, they maintain a FAQ section at Bitcointalk where everyone may ask their questions.

The user interface is quite convenient and the exchange works great in mobile browsers. Unfortunately, just like Poloniex, it has no apps for either iOS or Android. Another downside of the exchange is that some of the altcoins traded there have poor liquidity.

Takeaway: Both professional and amateur altcoin traders may find LiveCoin to be a great altcoin exchange with many useful and unique features.

Bittrex

Bittrex has been active since 2015 and features thousands of cryptocurrency pairs, two-factor authorization and cold storage of most user assets to protect them against possible system failures.

Bittrex altcoin exchange

The exchange may be one of the safest platforms for online trading as its creators pride themselves on being “security freaks.” Nevertheless, signing up with the exchange may scare anonymity advocates away due to those security reasons, as the new user has to specify their full name, date of birth, country, address, and ID number.

For the same security reasons, one cannot withdraw anything in the 24 hours following the change of password, and without two-factor authorization enabled, the amount of withdrawals will be limited to 1 BTC a day.

Even with all the security in place, there is still room for user complaints. Aside from the absence of an interface in any other language than English, the exchange’s technical support also causes some users to express their discontent. Complaints remain unresolved for a long time, and there are even some accusations of non-transparent policies and withdrawal problems.

Bittrex chart

The exchange acts as a wallet and a trading platform at the same time, which, with all the security rolled out, might be convenient without involving any serious risks.

Bittrex may be the best solution for those who value security above comfort. While verification may take a long while, and the support team seems to be generally sluggish, the security of user accounts is beyond all praise. When the user database was hacked in April 2016, only those accounts that had not enabled two-factor verification were in fact compromised.

Takeaway: While generally being one of the top cryptocurrency exchanges, when it comes to matters beyond security, Bittrex still has something to improve.

What do you think of our Top 3 altcoin exchanges? Do you have a favorite exchange that isn’t listed here? Let us know in the comments below.


Images courtesy of Bittrex, LiveCoin, Poloniex, Shutterstock

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Čvn 09

Crypviser Will Encrypt Messages on the Blockchain for Private Communications

· June 9, 2017 · 3:00 am

Crypviser is building a blockchain-based all-in-one network for secure social and business communications. ICO is currently ongoing.


Improving on Privacy with Blockchain Technology

In today’s Orwellian society, privacy has become a rare and valuable asset that some go to great lengths to protect while others simply throw it away in exchange for convenience. As technology evolves, however, so does access to privacy-oriented tools and their underlying technology.

Blockchain tech has gone a long way in the realm of financial privacy, now Crypviser wants to build upon it and extend its use onto end-to-end message encryption by providing a blockchain-based all-in-one network for secure social and business communications. The project is currently undergoing a crowdfunding campaign that will help fund the development of this network.

A unified and secure instant communication network, Crypviser provides real end-to-end encryption and unique blockchain based authentication, the latter of which allows users to truly identify and confirm each other’s identity through the user of private and public keys.

The end result is a secure and private messenger which will also feature its CVCPay system, allowing users to send funds to each other anonymously.

Crypviser ICO & CVCoin

In order to fund the development and marketing of Crypviser’s network, a crowdfunding campaign is currently taking place. Taking the form of an Initial Coin Offering (ICO), the Crypviser’s funding stage ill last until June 30, 2017, during which time investors can buy the CVCoin, the underlying token in the Crypviser’s platform.

The CVCoin is required in order to interact with the Crypviser platform and to cover its transaction fees. Transactions are required to authorize and identify the users’ access to public encryption keys, ensuring that messages cannot be forged nor can they be decrypted.

So far, the Crypviser ICO has managed to gather over $900,000. These funds will be used to cover mobile, backend, and infrastructure costs as well as licensing fees, legal services, operational costs, and of course, marketing.

The Initial Coin Offering is currently ongoing and will last until the 30th of June. Users can invest in the Crypviser ICO using Bitcoin, Ethereum, and even USD. Most recently, support for the TIME token was also added. 15 million CVCcoins will be distributed, along with special benefits such as free subscriptions, access to special features, free access to the CVPay system, and more. 

Can Blockchain technology help the internet regain its privacy? Can Crypviser become the merged solution we need for financial privacy and message encryption?


Images courtesy of Shutterstock, Crypviser

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Čvn 04

Cryptocurrency-Powered Game Platform ZENIgames Announces Official Launch

· June 4, 2017 · 10:00 am

The new online gaming platform ZENIgames offers gamers a chance to play games and win “Zennies” in the process.


Love online gaming and cryptocurrencies? Then this new gaming platform is just for you. The Bulgarian arcade game website ZENIgames.com has announced its official launch and is powered by “Zennies”, the platform’s own cryptocurrency. ZENIgames offers free-to-play online games and lets players earn Zennies in the process.

ZENIgames joins other companies such as Datcroft Games Ltd. and Ionomy Studios in integrating cryptocurrency into their games. While Bitcoin has already fostered a burgeoning online gambling industry, it has more recently attracted the attention of mobile game companies who wish to use it to further monetize their games.

The ZENIgames Platform

ZENIgames currently offers around 2000 flashed-based games, which work on regular Internet browsers as well as Android and iOS devices. The site offers the usual range of browser-based games, from basic puzzle and platform games to more involved 3D action games.

The games are user-submitted, so their quality tends to vary. Some games, such as Crash Drive 2, are multiplayer-enabled and highly polished. Others, such as Tile War, are clearly meant as amusing time-killers. However, a five-star rating system allows users to push the best games to the top of each game list.

Zenigames Crash Drive 2

Some games track player progress using cookies stored on the user’s machine. The site also includes leaderboards and a site-wide chat system, allowing users to communicate with each other in-game.

Nonetheless, some HTML5-based games will not work on the Chrome browser due to their need for the Unity Web Player plugin. This is not enabled on Chrome by default, as it’s considered a security risk by its developers (amongst its other stability issues). Users will either need to manually enable NPAPI plugins on Chrome, or play using one of the Unity-supported browsers.

Zennies, the Prize Tickets of the Future

The innovation ZENIgames offers is its own cryptocurrency, Zennies, which are currently worth around 0.00000135 Bitcoins (or about $0.0034). Its name is derived from the Japanese word for “coins” or “small change”. According to CryptoCompare, Zennies was launched on March 22, 2017 (likely during the development of the site). Like other cryptocurrencies, Zennies is completely decentralized with its own blockchain and community of developers.

CryptoCompare price index for ZENI

By registering with ZENIgames, users can play games to earn Zexperience points, which can then be converted into Zennies. These can be used on the website as payments for games and other In-App Purchases (IAP). The site also offers tools to help developers integrate Zennies into their own creations.

A Blockchain Gaming Network

Although Zennies can be traded across one or two exchanges, they currently appear to have limited use as payment for game prizes on their own platform. However, ZENIgames is built on the ZENI game distribution system, which allows other arcade sites to fetch ZENIarcade games.

The ZENIverse

Theoretically, this will allow Zennies to be used as a cross-platform payment system on other sites. Should it gain momentum, the ZENI game distribution system may evolve into a networked game system, where Zexperience can be traded to earn prizes across a network of games.

ZENIgames is currently in beta, so expect more developments on the platform to follow in due time.

Is gaming a good application for blockchain? Could Zennies gain momentum as a currency for online games? Let us know in the comments below!


Images courtesy of CryptoCompare, ZENIgames.

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China’s Central Bank Will Soon Regulate ICO’s

· June 2, 2017 · 9:00 am

The People’s Bank of China is turning its attention Initial Coin Offerings (ICO), seeking to regulate the new form of crowdfunding.


China to Regulate ICOs

Although cryptocurrency withdrawals are back on the big three Chinese exchanges, the People’s Bank of China (PBoC) isn’t quite through with the cryptoworld. Now it seems like it’s going after Initial Coin Offerings (ICOs), seeking to regulate the new phenomena in the crowdfunding world.

Chinese publication Weixin reports that Yao Qian, head of Digital Currency Research Institute at PBoC, has stated that the PBoC will soon regulate ICOs.

Initial Coin Offerings or ICOs are a way to fund projects or companies crowdfunding methods. This typically includes selling project tokens for fiat currency, Bitcoin, Ethereum, and other popular cryptocurrencies. These tokens are usually required in order to use the platform or they can also represent equity through a dividend or buy-back program.

Current ICO Landscape

The news comes at a time where ICOs are extremely popular, gathering millions of dollars every week and amassing higher and higher market caps.

Most recently, the Basic Attention Token (BAT) ICO, gathered $30million in a matter of seconds, while the Aragon project gathered $20million in roughly 15 minutes. The MobileGo ICO gathered over $53 million in the course of its month-long ICO.

Poloniex

While most ICOs currently take place through the use of the Ethereum network, other projects are also getting in on the action, as is the case of the Waves Platform, Wings DAO, and Ethereum Classic.

Although some of these crowdfunding campaigns have had exorbitant returns for investors, many members of the community are also raising questions about the validity of some of these projects and if they are really worth tens of millions of dollars before having even built their project/platform or an MVP (minimum viable product).

Regulatory Clarity Could Boost Industry

Although the moratorium on cryptocurrency withdrawals has come to an end, the PBoC has stated that they are not yet done with Bitcoin exchanges.  Now, Bitcoin miners in the country are starting to shut down their operations in fear of future regulatory pressure like the one applied to exchanges.

Some Bitcoin miners in the Szechuan province, a place with cheaper electricity prices due to abundant hydropower resources, have decided to shut down in fear of regulation. One miner told YiCai Global:

The price is so high at the moment. Shutting down costs mine owners hundreds of thousands of yuan every day.

In China, the pressure from the PBoC has resulted in a weakened Bitcoin market, strict KYC policies and may now also affect mining and ICOs as well. However, regulation can also be helpful. In Japan, the new regulatory framework built around cryptocurrencies has allowed their popularity to grow in the country.

Can the new stance on Initial Coin Offerings by the PBoC change the ICO landscape? 


Images courtesy of CryptoCompare, Twitter, Shutterstock

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