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 20

Microsoft Launches Advanced Enterprise Blockchain Service

· August 20, 2017 · 1:00 pm

Microsoft has announced the launch of Coco – a first-of-its-kind ultra fast and secure blockchain service for companies that can process over 1,600 transactions per second.


Microsoft’s New Blockchain Service

Recently, Washington-based tech giant Microsoft announced a new blockchain framework designed for enterprise systems. The new framework, called Coco, will utilize Microsoft’s technology to offer an advanced, fast and reliable blockchain system. The main advantages of the Coco framework are its ability to process over 1,600 transactions per second, something which neither the Bitcoin nor Ethereum blockchain can support at the moment.

The Coco framework will also use a unique technology called trusted execution environment (TEE). The trusted execution environment will be able to host the blockchain code in a secure box which will use Intel’s Software Guard Extensions or Windows’ Virtual Secure Mode in order to validate the environment. Coco framework will also be integrated into Microsoft’s Azure cloud storage service.

Coco Framework Generates Major Interest

Coco Framework Generates Major Interest

Even though Coco hasn’t been released yet, many enterprise corporations have already expressed their desire to use the blockchain service for their systems. Most prominent users of the Coco framework include Intel, R3 and JPMorgan Chase.

Rick Echevarria, the vice president of Software, Services Group and General Manager, Platforms Security Division at Intel expressed following about the new CoCo framework:

We are thrilled to work with Microsoft to bring blockchain to the enterprise. Our mutual customers are excited by the potential of blockchain. Intel is committed to accelerating the value of blockchains powered by Azure on Intel hardware, by improving the scalability, privacy, and security of the solutions based on our technologies.

In an article by TechSource, the CTO of Microsoft’s Azure platform, Mark Russinovich, expressed his following thoughts about CoCo:

Through an innovative combination of advanced algorithms and trusted execution environments, like Intel’s Software Guard Extensions or Windows Virtual Secure Mode, we believe this takes the next step toward making blockchain ready for business.

The most interesting aspect of Microsoft’s new blockchain service is the rising interest by a huge amount corporation for blockchain technology. In its current state, the Bitcoin and Ethereum blockchains are unable to support such large-scale amount transactions for big companies like JPMorgan or Intel. But with the new Coco framework, corporations will be able to use blockchain technology without having to sacrifice speed or the security of their systems.

What do you think about Microsofts new Coco framework? Do you think that more tech giants will use it for their internal systems? Let us know in the comments below!


Image courtesy of Pixabay, Microsoft

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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 10

Blockchain Ad Platform AdEx to Partner with Video Entertainment Platform Stremio

· August 10, 2017 · 1:00 pm

Blockchain-powered ad exchange AdEx will partner with video entertainment platform Stremio to deploy its solutions in the platform’s application.


AdEx to Team Up with Stremio

AdEx is an ad exchange that offers blockchain solutions for the entire online advertising industry. It seeks to entitle end users to decide which ads to see by specifying their preferences and to ensure transparency and fairness for advertisers and publishers.

Stremio, on the other hand, is a semi-open source video entertainment platform launched in 2015. It is designed to host and deliver any kind of video content within the same application. Stremio app has been downloaded by 4 million people so far.

Just like other video platforms, Stremio monetizes through third-party ads. However, most advertisement placement solutions entail non-transparency and complexities related to bidding and publishing and are widely criticized within expert communities.

AdEx diagram

About the AdEx Advertising Platform

AdEx offers a blockchainized solution that ensures automatic payouts for ads to publishers, and guarantees transparency to advertisers. The work on AdEx’s solution is still underway, but the parties have agreed to deploy it when the AdEx team completes the development.

According to AdEx CMO Vanina Ivanova:

The AdEx and Stremio teams will be working closely together on the integration of our solution in their platform once the exchange becomes fully operational. We are looking forward to implementing AdEx in a real-world environment as it will demonstrate the full range of new capabilities and advantages that the blockchain technology can offer to the online advertisement industry.

Trial by Fire

Once deployed, AdEx can work with any platform. This might prove to be the ultimate real-world test since the Stremio app already has millions of users worldwide. Due to Stremio’s huge audience base and variety of content, the platform is of interest to advertisers from multiple industries.

Nikola Hristov, Head of Adtech at Stremio, stated:

We believe that incorporating such a reliable solution for ad serving in our platform would dramatically enhance our operations and bring the technologies of monetizing to a whole new level. Partnership with AdEx could be a first step in creating the online advertisement industry of tomorrow.

The AdEx team has expressed its confidence that their solution can be smoothly integrated with Stremio, empowering advertisers to reach a multi-million person audience immediately upon integration.

[Disclaimer: This is a sponsored article.]

Can AdEx build a better online advertising model? How will it benefit both advertisers and viewers? Let us know what you think in the comments below.


Images courtesy of AdEx, AdobeStock

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Srp 07

CashCow ICO Looks To Boost Indonesian Cattle Farmers’ Profits

· August 7, 2017 · 4:00 pm

Hong Kong based Bitcoin Entrepreneur James Bang announces CashCow ICO designed to increase Indonesian cattle farmers’ profits from the sale of their cows from 20% to 33%.


The South China Morning Post reported on Bitcoin entrepreneur and investor James Bangs’ desire to revolutionize the cattle financing model, specifically in Indonesia where the large population of farmers is unable to buy their cattle assets outright.

 Family Vacation To Indonesian Family Led To CashCow Idea

Family Vacation To Indonesian Family Led To CashCow Idea

James Bang first thought of the CashCow ICO during a trip to Indonesia with his family, where he observed that his Father-in-law had sold two cows for HK$27,300 (approximately $3489.82 US Dollars) to pay for the renovation of his kitchen.

Bang noted:

For another family, their motorcycle was old and they needed to upgrade. So they sold two or three cows to be able to afford a major purchase.

Cattle are then easily accounted for by representing them with tokens on a fully documented blockchain ledger, in this case, the Ethereum blockchain. However, most poorer Indonesian farmers do not directly own the full worth of their cows, which are financed for purchase by third party financiers. The farmers are liable for costs such as feed and veterinarian bills while the financier often takes the largest share of a cow’s final sale price, whether this be to another owner or directly to beef production facilities.

Airbnb for Cows

Airbnb for Cows

Discussing the impetus behind CashCow, Bang explained:

I was really inspired by Airbnb… I figured how can we apply this to the agricultural industry … There had to be a way these farmers could maximize their extra farm space.

While the South China Morning Post does not elaborate on this point, it is possible that farmers will be able to leverage their extra farming space by possibly accommodating investor cows. Bang hopes to raise US$15 million through the offering set for launch in October 2017, which will be used to fund the purchase of calves.

Higher Returns for Cattle Farmers

Bang said his goal is to give farmers higher returns when they sell their cattle, which he sets at 33 per cent, given the cost cutting afforded by the lack of third party accounting this is a reasonable increase in income for farmers currently only getting 20% of the cows’ final sale value.

Finally, Bang will also give investors 33 per cent from every cattle sale, with his start-up reinvesting the remaining third to purchase further cattle and build larger cow sheds.

Will this ICO be something you are interested in and is this the kind of ICO that you think Blockchain technology is ideal for? Let us know in the comments below.


Images courtesy of Pixabay, Pexels

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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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Srp 04

Bank of America Files Three New Blockchain Patents

· August 4, 2017 · 5:45 pm

Bank of America has filed three new blockchain-related patents geared towards data authentication and identity verification. The new patents are the latest in a growing number of blockchain patents filed by the financial services giant.


Creating Innovation With Blockchain

Creating Innovation With Blockchain

Financial services company Bank of America has submitted three new blockchain patents that focus primarily on authenticating information as well as those who handle it.

According to the official website of the United States Patent and Trademark Office (USTPO), one of the patents focuses on the conversion of non-secure “instruments” through a validation process into “transaction confirmation outputs”.  The document explains:

The blockchain recordation component receives a plurality of transaction records for each of a plurality of transactions (…), and when the transaction amount is available, it cryptographically records the transaction in a blockchain comprising a plurality of hashes of transaction records

Essentially the patent would allow Bank of America to authenticate user and transaction information through a blockchain system.

The second patent utilizes a distributed ledger system that monitors and verifies user identities on a network. In the patent documents, it is described as following:

[the system] integrates stored information, real time information and real-time information/data/image(s) from an object/array of objects (Internet of Things (IoT))

The last patent is centered around a system that monitors changes in user history at a specific timeline and creates a “map” of the user and his history. The patents suggest that Bank of America is going to heavily invest in Bitcoin and blockchain technology.

Bank Of America and Blockchain Technology

Bank Of America and Blockchain Technology

This isn’t the first time that the famous finance corporation has shown its intention to innovate with blockchain technology. According to an article by CNBC on January 28, 2016, Bank of America decided to get ahead in the innovation ‘game’ and filed 15 different blockchain-related patents.

It is worth noting that the majority of these innovative patents are focused on user and transaction verification through blockchain technology, which could greatly reduce transactions costs and drastically cut transaction times for customers.

Catherine Bessant, the chief operations and technology officer at Bank of America, explained the company’s interest in blockchain technology:

Blockchain’s very intriguing and for us it’s a balance between not wanting to be Neanderthal but not wanting to put something out in a commercial application where the commercial application is still very unclear as a technologist, the technology is fascinating. […] And we have tried to stay on the forefront, I think we have somewhere around 15 patents, most people would be surprised at Bank of America with patents in the blockchain or cryptocurrency space. (It’s) very important in the intellectual property world to reserve our spot even before we know what the commercial application might be.

Through its rapid movements, Bank Of America is clearly trying to win the innovation race with the help of blockchain technology. We are looking forward to seeing how other financial institutions will respond to this.

What are your thoughts on these patents? Do you think that Bank of America will be able to win the innovation race? Let us know in the comments below!


Images courtesy of Pexels, Reuters/Shannon Stapleton, iStockPhoto

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Srp 02

Russian Economic Minister Cautions Against Bitcoin ‘Pyramid Scheme’ As Russian Banks Adopt Blockchain Technology

· August 2, 2017 · 5:30 pm

Russian Economic Development minister, Maxim Oreshkin brands Bitcoin “a pyramid scheme” as the country’s largest banks including Sberbank PJSC and VTB Group look to a modified Ethereum blockchain to provide safer and faster payments.


What appears to be mixed messages coming out of Russia, where both a Bitcoin pyramid scheme warning and a veritable big bank endorsement of Ethereum based blockchain technology have been issued in the same week, proves indicative of the approach taken by governments around the world. Governments not wanting to stifle their countries’ role in what essentially amounts to be a technological revolution are taking a cautious and tentative approach to cryptocurrency in general.

In an interview with Russia’s Rossiya 24, Russian Economic Development Minister Maxim Oreshkin said (translated):

So far the markets of cryptocurrencies resemble a financial pyramid, and it is necessary to treat the value of this asset very carefully.

Technology Benefits

Bitcoin and blockchain technology benefits

Bitcoin as a pyramid scheme investment is a warning issued by governments and investors around the world, carefully considering a balance between promoting the benefits of blockchain technology and protecting inexperienced investors from it. Governments are keen to emphasize that cryptocurrencies such as Bitcoin are not a currency, which does avoid issues of regulation, with the President of the Russian Federation Vladimir Putin having previously announced;

Our attitude to this today is very cautious because almost nothing is regulated in this area today.

Benefits of Blockchain Technology For Banks

Benefits of blockchain technology for banks

Pyramid scheme investment warnings do not necessarily contradict news of active investment in blockchain-based technologies. Russia’s big banks have formed a consortium, similar to that of other banks outside of Russia, including Sberbank PJSC and VTB Group to provide safer and faster methods of payment. The consortium

The consortium is focusing on a modified version of the Ethereum blockchain, utilizing its ability to provide smart contracts. For instance, a blockchain method could cut costs by as much as 80% in the highly notarized financial sector, cutting out intermediaries in key areas such as mortgage certificates. Intermediaries such as notary bodies also increase security risks and data exposure in areas such as data storage and document transference.

Russian banks are keen to remain apace with technological advancement in the blockchain arena, seeking the cost saving, efficient and secure form of banking. Another factor to consider is the current state of banking in Russia. According to Vyacheslav Putilovsky, an analyst at the Moscow-based rating company Expert RA:

Russia’s not a very developed banking market. The top banks here are betting that they can catch up and maybe even overtake their western competitors in their adaptation of this type of technology.

It provides an opportunity for Russia to both reform their banking practices and keep up with the latest technological advancements. Exactly how they can mimic the same security provided by a large, decentralized and financially incentivized blockchain like that of Bitcoin remains to be seen.

Bitcoin’s financial incentive, rewarding miners, is a fundamental component of establishing a decentralized and secure blockchain ledger potentially leaving governments to see cryptocurrency investment as a potential state asset as opposed to empowering a rival to a state regulated currency. With other banks looking to companies like IBM to provide their infrastructure, it seems further cost cuts could be made by embracing what is already readily available and secure by utilizing Bitcoin’s already well establish and secure blockchain.

Do you think Russia’s warning about Bitcoin and its major banks forming a consortium to explore blockchain technology contradict one another? Let us know in the comments below.


Images courtesy of Shutterstock, Pixabay

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Čvc 25

Crypviser’s CVCoin Trades on OpenLedger; Bigger Exchanges Coming

· July 25, 2017 · 1:00 pm

Crypviser has recently finished the token distribution process, allowing the CVCoin token to be traded on the OpenLedger Decentralized Exchange. Plans for centralized exchanges have also been revealed.


Crypviser CVCoin ICO

Crypviser, CVCoin and the ICO

Online privacy is one of the most pressing issues of today’s internet. Although access to privacy-oriented tools continues to improve over time, other applications that do not focus on privacy often present themselves as a more intuitive alternative. Blockchain technology has been on the fringe of financial privacy and now, thanks to the Crypviser project, it may play an important in communications privacy and its mainstream adoption.

Focusing on privacy and end-to-end message encryption, Crypviser is leveraging the advantages provided by the blockchain technology to create an all-in-one network for secure social and business communications. The platform’s native token, CVCoin, will be required in order to interact with the communications platform and for in-chat payments.

CrypViser: Secure Communications

Following a successful Initial Coin Offering (ICO) period, he token distribution process has been completed with campaign participants receiving their CVCoins in the form of a Bitshares-based asset. A previous Facebook post made by the team explains why the BTS blockchain was chosen:

Crypviser chose the Bitshares platform powered by OpenLedger based on its key features, which match Crypvisers technical requirements and ideology. The Bitshares platform is one of the most powerful, secure and scalable blockchain networks available today.

The team has also released some ICO statistics that show just how popular privacy tools can be. The campaign gathered over $3.4 Million in several cryptocurrencies and distributed 5.5 Million CVCoin tokens to roughly 3000 unique investors. Since then, the Crypviser community has grown at an outstanding speed and currently counts with more than 8000 members in various multi-lingual sub communities.

Bitshares & Openledger

Since the Crypviser network will use the Bitshares blockchain, the CVCoin can be freely traded with no counterparty risk on the OpenLedger decentralized exchange. The Facebook post reads:

The Crypviser team believes that the future of exchanges and trade platforms in decentralized blockhchain world belongs the decentralized exchanges.

Although trading hasn’t been officially announced by the Crypviser team, trades are already taking place within the OpenLedger exchange. The team has warned that the prices seen on these “pre-markets” may not reflect the real market price of the CVCoin token, given their low volume and the lack of availability on traditional platforms.

What is next for Crypviser?

What is next for Crypviser?

With the CVCoin token distributed to ICO participants, Crypviser moves on to the next stages of development, including getting the token listed on traditional exchanges. Although the CVCoin is available on the OpenLedger DEX, Crypviser announced a plan which involves starting with the bigger exchanges like Bittrex, Poloniex and Kraken, and moving on to smaller markets like C-CEX and others.

Crypviser will also commence the development of their own wallet which will provide token holders with an intuitive interface for token interaction. Along with the development of a new wallet, they will also launch an official website for the project and the CrypNews media channel, a platform that will feature the latest news in the world of Blockchain Tech & Cryptography.

Further down the line, the team will release an early Alfa version of the Crypvise App for social communication which will be available for to CVCoin ICO early bird participants.

Can Crypviser help shape the future of online privacy? Let us know what you think in the comment section.


Images courtesy of

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