Čvc 31

BitcoinCash (BCC) Hardfork: What it Means and How to Secure Your Assets

· July 31, 2017 · 4:00 pm

The Fork Awakens… BitcoinCash is expected to fork off from the main chain on Tuesday taking roughly 30% of the hashpower with it. Antpool, the largest bitcoin mining pool, is expected to mine the alternate chain.

BitcoinCash Hard Fork

August 1st has been a long-awaited day for months on the calendars of Bitcoin enthusiasts worldwide. But with the UASF being deemed a success by many people in the community, a new event is worrying some and it just so happens to be on the same day. BitcoinCash or BCC (some are proposing the ticker abbreviation of BCH as BCC is already taken) is a planned fork of the Bitcoin ledger by means of a User Activated Hard Fork, or UAHF.

Mining company Bitmain has stated their intentions to fork and create this separate blockchain with different consensus rules, most notably an immediate blocksize increase to 8MB. It also includes wipeout and replay protection, something the developers added to allow both blockchains to coexist peacefully and without loss of user funds.

How to Secure Your Assets?

As with all cryptocurrency hard forks, users that own Bitcoin on the legacy chain and control their private keys will automatically own coins on the new BCC chain. No further action needed. However, your claim to these new coins could be threatened if you use a third-party wallet provider such as Coinbase or blockchain.com.

Not controlling the private keys of your Bitcoins means you don’t control the private keys of your BitcoinCash either. Some examples of wallets that allow you to control the keys are Electrum, Jaxx, or Mycelium. The fork is scheduled to occur on Tuesday, August 1, 2017, at 12:20:00 pm (UTC time), so make sure to move your coins as soon as possible.

Exchanges That Support BitcoinCash (BCC)

Numerous exchanges have come out stating how they plan to deal with the upcoming hard fork. According to the BitcoinCash website, the following exchanges have announced that they will support, or at least allow users to access, BitcoinCash

Wallets That Support BitcoinCash (BCC)

Along with the exchanges, many reputable wallet providers, such as Ledger and Trezor, have released statements saying they will have their wallets support BCC. A more comprehensive list can be found below.

Full Nodes

Other Wallets

One thing to note is that ElectronCash is NOT made by the Electrum developers, which was cleared up in a statement made by them here.

ViaBTC currently has a futures market for BitcoinCash, and it currently sits at around $311.59, or about 12% of Bitcoin’s current market price. Only time will tell if this coin will gain traction, or be crushed by the thousands of people ready to dump the moment the fork occurs.

What do you think of the looming fork? Will BCC be blown out of the water by the massive offload of coins? Will you be transacting with BCC? Or do you think this is going to be one of hundreds of altcoins? Let us know in the comments below!

Images courtesy of Bitcoincash.org, Coinmarketcap.com

Show comments

Čvc 30

Mass Exodus from Coinbase Spawns 12 Hour Bitcoin Withdrawal Delays

· July 30, 2017 · 2:45 pm

Coinbase users are moving their funds to wallets and exchanges where they will be credited for Bitcoin Cash (BCC ) tokens, causing delays in Bitcoin withdrawals from the exchange.

Coinbase, the world’s largest (and often highest-rated) Bitcoin exchange, has made it clear that they will not honor the new Bitcoin Cash (BCC) token created by the Bitcoin blockchain split set to occur on August 1. Coinbase’s policy is to only support one version of a digital currency, as stated in a July 27 blog post:

Our policy is to support only one version of a digital currency. In order to determine which fork to support we look at factors such as size of the network, market value and customer demand. We make this decision carefully because safely supporting a new digital currency requires significant work for many teams.

Many other exchanges and wallets, however, are supporting the new blockchain and its token. Users with BTC funds in exchanges like Kraken, Bitfinex, and ViaBTC will be credited with an equal amount of BCC when the UAHF activates on August 1 at 12:20 PM UTC.

Bitcoin Exchanges supporting BCC

The Great Bitcoin Exodus

The result has been somewhat predictable: Users looking to scoop up “free BCC tokens” are now leaving Coinbase en masse and Bitcoin’s service has become degraded as a result. Coinbase’s status page now indicates that outgoing BTC transactions may be delayed by up to 12+ hours as they process their backlog.

Coinbase is also recommending that users who wish to withdrawal Bitcoins before the hard fork do so before 10 AM on July 31:

If you wish to withdraw bitcoin (BTC) before the hard fork, we recommend you initiate your withdrawal by 10am PT on Monday July 31st due to potential network congestion.

There’s No Such Thing as a Free Lunch

Given the stance many have taken that the BCC coin split will essentially be “free money” for Bitcoin holders, it seems almost common sense to leave Coinbase in anticipation of the hard fork. However, many have warned that there is no such thing as free money – any profits scraped from BCC will have to come from somewhere, in this case from the BTC price itself.

Speculation is also rampant over what will happen to the price of each currency. BTC supporters predict BCC recipients will quickly dump the new coin to buy more BTC, wiping out the new coin and driving the price of BTC back up as buyers scramble to acquire “free” Bitcoins.

Others remain cautious of any price movements, especially in the immediate aftermath of the fork. Kraken has already warned users in a July 27 notice that “margin traders should be very cautious across the fork” and to “plan for the possibility of extreme volatility”:

Margin traders are advised to be very cautious across the fork, by either reducing their position sizes or closing out entirely before the fork. In addition to the special provisions described above, margin traders should plan for the possibility of extreme volatility and unfavorable forced liquidations surrounding the fork.

Do you support the new BCC token? Do you think BTC holders will reap profit from the chain split, or will the volatility only drive down prices?

Images courtesy of BitcoinCash, Coinbase, Flickr

Show comments

Čvc 29

Blockchain Solar Energy Trading Platform SunContract Raises over 8200 ETH in Ongoing ICO

· July 29, 2017 · 12:15 pm

Unique Solar energy trading platform, SunContract has declared a total of over 8220 ETH (about $1.63 million) raised from its ongoing ICO, with still less than a week remaining. SunContract is a renewable energy marketplace developed by power specialists and IT professionals. The platform balances its service to incorporate market demands and blockchain technologies within the energy distribution industry.

[Note: This is a press release.]

Solar energy trading platform

The SunContract Energy Pool is a P2P marketplace that facilitates the exchange of clean energy directly between customers without the involvement of intermediaries, through an automatic digital bidding process made possible through Ethereum smart contracts.

The meteoric rise in the cost of traditional energy is exacerbated largely by sizable investments in infrastructure and costs relating to transmission, taxes, and losses through inefficient work practices. This trend and a growing availability of renewables have resulted in an increased development of the clean energy sector, which has led to a significant increase in the production efficiency.

Also, there is often considerable excess energy, produced from non-conventional power generation units, which is controlled by small and large private individuals or companies.

SunContract aims to reappropriate this excess energy by enabling the producers to sell it through the company’s open P2P market to all different types of consumers, without an intermediary or a trusted third party.

The use of blockchain technology in energy market not only helps automate most of the processes but also acts as an energy fraud and theft prevention mechanism. The transparency, immutability, and security of the Ethereum blockchain makes it easier to track energy distribution and usage, as well as prevent meter tampering, power theft, and other fraudulent activities.

SunContract focuses on the efficient use of clean energy, in a bid to reduce the company’s carbon footprint as much as possible. The company manages this by guaranteeing that all excess clean energy is stored correctly and eventually utilized properly. The company’s project started in 2016 but had already planned out its entire roadmap, explained in the whitepaper.

SunContract ICO

SunContract’s ICO has been successful so far and will continue for few more days. Investors can participate in the initiative by purchasing SNC tokens with Ethereum on the company’s ICO page. SunContract’s native SNC tokens act as the main unit of exchange on the platform.

Investors will receive 10,000 SNC tokens per every ETH, and with the recent increase in energy-backed tokens, the value of SNC is likely to rise when it hits the markets. The SunContract ICO has already surpassed the first milestone of 5000 ETH and now looks to hit 10,000 ETH. Interested individuals can participate in the ICO via the website.

Images courtesy of SunContract

Show comments

Čvc 28

HODLing Bitcoin? Got an Email Address? Here are 3 More Ways to Get Free Money

· July 28, 2017 · 4:45 pm

A few days ago, we showed you how to grab some extra cryptocurrencies for free by simply holding Bitcoin. Today, we’re going to show you that you can do so not only by holding Bitcoin but also by simply having an email address.

Previously, we explained how you could claim free lumens from Stellar and bytes from Byteball. Those are just two methods of getting free money. This time, we’re bringing you three ways!

Free Money? Tell me more!

Free ICO Tokens Just for Signing Up

Currently, two upcoming Initial Coin Offerings are distributing free tokens to users that sign up for their platform. Although this is usually a practice used by pyramid schemes or multi-level marketing schemes, in this case, there doesn’t seem to be any danger involved at all.

Digital Currency Exchange

WCX is a platform with an upcoming ICO and it brands itself as being a “Global Low-Cost Digital Currency Exchange” that aims to “offer a pro experience and 10x lower fees”. WCX is an interesting concept – users will be rewarded with 50 WCX tokens – roughly $5 USD – when they sign up. Although this platform doesn’t have a whitepaper yet, the most interesting part about the project is that they plan to distribute part of their fee profits as dividends to WCX token holders, so why not hodl on and see what happens?

Coin Starter logo

Coinstarter is a platform which aims to be the Kickstarter for ICOs and crowdfunding campaigns related to cryptocurrency. Ironically, they haven’t even launched – they’re planning their ICO soon. They will reward you with 50 Coinstarter Tokens (technically equivalent to 0.0625 BTC, or $168!) if you simply sign up for the platform. There is no need to invest any BTC or ETH to receive this bonus – it is virtually risk-free.

Altcoins That Give You Coins if You Hold Bitcoin

How to Get Your Free CLAMS

CLAM is an altcoin created back on May 12th, 2014. If you held any BTC/LTC/DOGE at that time, you’re in luck! CLAM had a unique distribution method: All BTC, LTC and DOGE addresses that held coins back on that date are entitled to 4.60545574 CLAM – which is equivalent to about 0.0065 BTC, or around 17 USD. The CLAM project explains their reasoning behind this as being:

Giveaways are notoriously susceptible to cheating and bias those who happen to hear of them. We DON’T like tit-for-tat arrangements.

Many intelligent people are aware that Bitcoin’s most valuable asset is the blockchain itself. The blockchain represents the combined efforts, commitment, and participation of the entire community. It is the revolution that sets cryptocurrency apart from other value systems. It is trust-less and wonderful. We DO like the trust-less blockchain.

So! We took the BTC, LTC, and DOGE blockchains, found every address with a balance above dust, and sent each and every one of them a little over 4.6 CLAMS. It isn’t perfect, but it includes everyone.

Despite this, please note that this method of claiming ‘free money’ does involve risk – even though their wallet is open source and their code has been deemed to be safe, you have to expose your private key, so it would be advisable to move your coins elsewhere before claiming the CLAMs.

All you have to do is download their wallet from here, and import your BTC/LTC/DOGE wallet.dat or private key.

Download the CLAM Wallet

That’s all there is to it to obtain your free money! If you received more than 4.6 CLAM, don’t be too surprised; remember that every address that held coins on the date above will receive this reward. This means that if you were using many addresses at the same time, you would probably receive a lot of CLAMs!

What do you think about these new methods of getting free money? Are you going to try them, or are you skeptical? Let us know your thoughts below!

Images courtesy of WCX, CoinStarter, the CLAM Project, iStockPhoto

Show comments

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

Show comments

Čvc 26

Russian National Arrested in Greece with Ties to Money Laundering, BTC-e, Mt. Gox Theft

· July 26, 2017 · 4:30 pm

Alexander Vinnik, 38, has been arrested in Greece on a U.S. warrant. While he is suspected of running one of the largest online money laundering operations, additional reports are emerging naming him as the mastermind behind the Mt. Gox heist that sent Bitcoin spiraling out of control in 2013.

The Man Behind the BTC-e Exchange

For almost seven years, BTC-e has operated as one of the oldest digital currency exchanges in the world. During that entire time, the people behind the company have been completely anonymous.

Until today.

The alleged mastermind behind a multi-billion dollar money laundering scheme and, according to sources close to the exchange, a key person behind BTC-e has been unmasked as Alexander Vinnik, a Russian national who was arrested today in Greece. Vinnik is wanted in the United States on suspicion of money laundering at least $4 billion USD through bitcoin transactions.

Vinnik is currently being held in custody by Greek authorities pending a U.S. extradition request.

Greek police have stated:

An internationally sought ‘mastermind’ of a crime organization has been arrested. Since 2011 the 38-year-old has been running a criminal organization which administers one of the most important websites of electronic crime in the world.

With Vinnik’s extradition, the U.S. investigation will go into full swing. This is the latest in a series of U.S. efforts to curb cybercrime worldwide. Last week, a multi-national coordinated raid involving the U.S. and several other countries resulted in the takedown of the Darknet site known as Alphabay.

BTC-e have long been known for their lax regulations user identity verification and their uncooperative nature when it comes to anti-money laundering organizations. Perhaps coincidentally, the exchange has conspicuously been offline since last Thursday, with the website currently citing “unscheduled maintenance” as the cause of the interruption of service.

A feed of tweets from the BTC-e is on the site as well to keep users informed.

Ties to the Mt. Gox Bitcoin Hack

Vinnik was also found to be in control of a sizable number of Bitcoins that could possibly be traced back to the hack of the Mt. Gox exchange back in 2013. A group of security experts known as WizSec published a blog post earlier today detailing how the hack took place. The group maintains that Vinnik has been their prime suspect in their years-long investigation into the Bitcoin theft and that the same conclusions about his involvement were made independently by other teams working to uncover what really happened.

WizSec explains:

In September 2011, the MtGox hot wallet private keys were stolen, in a case of a simple copied wallet.dat file. This gave the hacker access to a sizable number of bitcoins immediately, but also were able to spend the incoming trickle of bitcoins deposited to any of the addresses contained. […] By mid-2013 when the funds spendable from the compromised keys had slowed to a near halt, the thief had taken out about 630,000 BTC from MtGox.

Mt. Gox Where is Our Money

Not only can the Mt. Gox coins be traced to Vinnik, but other less known heists can be traced to him as well.

According to WizSec:

Coins stolen from Bitcoinica, Bitfloor and several other thefts from back in 2011 and 2012 were all laundered through the same wallets.

Vinnik has denied all accusations against him in a Greek court of law. More information on this story will surely be released in the coming days, so make sure to stay tuned.

Do you think that Vinnik will be extradited to the States? Or will other countries try and lay their claim to prosecute? Let us know in the comments below, and make sure to check back at Bitcoinist.com for more information on this story as it unfolds.

Images courtesy of Japan Times, Reuters/Alexandros Avramidis, Shutterstock

Show comments

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

Show comments

Čvc 24

Bitcoin.com Partners with North America’s Largest Mining Farm, Adds World Class Cloud Mining to Offerings

· July 24, 2017 · 11:30 am

Bitcoin.com’s mining services continue to grow exponentially as pool.bitcoin.com commands roughly 3 percent of the Bitcoin network’s global mining power. In addition to the company’s mining capabilities, Bitcoin.com is partnered with the largest U.S.-based data center allowing the company to leverage cloud mining services like no other business in the industry.  

[Note: This is a press release.]

Bitcoin mining is a very competitive industry as miners worldwide are verifying transactions while securing the network for economic incentives. Bitcoin.com takes mining seriously with its world-class mining pool as well as offering the best cloud mining contracts in the industry. In the last quarter alone Bitcoin.com in partnership with a large confidential North America-based data center has purchased over US$15M worth of Bitcoin mining equipment and have sold more than $8M in cloud mining contracts.

Cloud mining is a unique service that allows anyone to earn bitcoins through the mining process without having to purchase specialized hardware or use complicated software. In essence, users purchase the mining power from a data center enabling them to obtain bitcoins. Bitcoin.com started its cloud mining operations back in May and has seen record sellouts ever since.

“Our hashrate demand seems to be growing in lockstep with Bitcoin price, and it doesn’t show signs of slowing,” explains Bitcoin.com developer Shaun Chong after the first wave of cloud mining contract sales were sold.

Bitcoin.com’s CEO Roger Ver is thrilled to see pool.bitcoin.com and the firm’s cloud mining services gain so much interest.

This clearly shows that Bitcoin.com is one of the most profitable companies in the entire ecosystem today. With our continued efforts we will pave the way for the future mass adoption of Bitcoin via on chain scaling as originally outlined by Satoshi Nakamoto.

We can see the significant interest for bitcoin mining as specialized hardware and chips are getting harder to obtain because global manufacturers can’t keep up with the demand.

Our partnership with one of the largest data centers in North America has enabled us to purchase millions of dollars worth of mining equipment. This allows Bitcoin.com the ability to offer the best cloud mining services in the industry.

As one of the main security components for bitcoin, the most trusted and tested blockchain worldwide, mining will continue to be a profitable industry. Bitcoin.com’s pool aims to sustain its leadership by offering the very best mining structure to its clients with 110 percent block reward and 0 percent fees. Further, our cloud mining offering includes three contract durations for maximum flexibility: three months, six months, and lifetime (while profitable) plans. Bitcoin.com sells cloud mining to continue growing its hashrate that supports on-chain scaling and utilizes sales revenue to purchase more mining hardware.

Bitcoin.com is a leader in the digital currency and blockchain industry by leveraging multiple facets of this emerging and innovative technology. The company’s mining pool and cloud services are growing in unison with Bitcoin’s natural development as the future of money.

For more information please visit www.bitcoin.com

Media contact: Mate Tokay

Media contact e-mail: mate@bitcoin.com

Images courtesy of Bitcoin.com

Show comments

Čvc 23

Virtual Reality Business Networking on The Blockchain

· July 23, 2017 · 11:30 am

Shares Per Hour, better known as SPH, takes business networking to the next level using the innovation of virtual reality (VR) and blockchain technologies.

[Note: This is a press release.]

You’re probably familiar with LinkedIn, if not, it’s a site where professionals can connect & network with each other through a website and mobile app. These current web and mobile app based services are fast becoming hard to use and outdated. SPH brings new life and excitement to the world of “Business Networking”, incorporating distributed technology that brings people closer together than ever before.

The improvements come from utilizing the three leading technologies in computer science: VR; Blockchain and Artificial Intelligence. Let’s take a more in depth look at how these breakthrough technologies aid in improving coordination, leading to increased productivity and time savings for businesses and everyday life.

Virtual Reality (VR) Virtual Reality Becomes the New User Experience (UX)

Shares Per Hour demonstrates the power of a deeply immersive work space. No longer are you limited to the size of a computer screen or mobile phone. Now your entire field of vision is accessible and functional. Don’t worry about access to your legacy desktops and cell phones, you still have them right there in the virtual office space of your choice.

There’s no need to pull your cell phone out of your pocket, instead, you can instantly see your phone’s screen and resize it however you like in futuristic holographic representations right in virtual reality. The same goes with your desktop screen and even your team members computer screens. Instantly teleport over to your co-worker’s office to collaborate, even at the virtual beach.

SPH expands much further into the VR immersive user experience but we will first explain the foundation that Virtual Reality will sit on, distributed ledger blockchain technology.

Blockchain Allows SPH to Progress Past a Simple Business Networking Project

The blockchain enables smart contracts to be created between parties. After negotiating a deal in the virtual world, users can close the deal with a “virtual hand shake” backed up by a smart contract running on the blockchain. Secure “per hour” payment plans can be set up in place between users.

User studies have shown “per hour” deals are the quickest to close and begin, Workers actually receive payment every hour, in real time, which aids in the workers’ confidence. Employers are protected through the collaborative UX and the reputation system. We will talk more about this in the artificial intelligence section.

Artificial/Virtual Intelligence (AI/VI)

A great thing about the blockchain is the ability to source it for data, collecting and analyzing this public data for future use. Sourcing data is key to creating a useful AI. A top SPH feature using AI is the VR hiring agent or what some people might call a VR head hunter. This is where users go through a more personal and immersive experience describing themselves and their ambitions to a virtual hiring agent who can aid in determining where they best fit into the digital work force.

The same process happens with employers. In the end, AI/VI algorithms are used to match employees and employers together and schedule interviews. AI is not used to do smart contracts between users. Users interact with each other in the virtual world and come to agreements. AI is used to save time and the human interaction is used to make final confirmations on business networking agreements.

For More Information

If you would like to learn more about SPH, visit the official website: https://SharesPerHour.com.

Read the in depth technical blackpaper or view the friendlier overview and demo videos. The ICO token sale is currently under way. It’s free to join the website. We strongly recommend joining the website since registration for the website will close 72 hours prior to the end of the ICO. Only previously registered members will be allowed to participate in the ICO during the last 72 hours.

Images courtesy of Shares Per Hour

Show comments

Čvc 22

ViaBTC Begins Trading Bitcoin Cash (BCC) for Chinese Yuan (CNY) in Anticipation of UAHF

· July 22, 2017 · 4:00 pm

Mining pool and Bitcoin exchange ViaBTC has begun trading the “Bitcoin Cash” (BCC) token for CNY in anticipation of a Bitcoin ABC hard fork on August 1.

Like a bad divorce, some differences appear to be irreconcilable. Such is the case with the Bitcoin ABC scaling proposal, which may split the Bitcoin blockchain via a user activated hard fork (UAHF) on August 1. The solution was announced by bitcoin company Bitmain as a contingency plan for the user activated soft fork (UASF) that is scheduled for that day.

In anticipation of this split, ViaBTC has begun trading Chinese Yuan for their new Bitcoin Cash (BCC) coin. This token will support the new blockchain should the hard fork occur.

BCC opened for trading on July 22, where it managed to reach a high of 5,999 CNY ($886.64). It has since fallen to around 1,923 CNY ($284.17). Such a price slump could indicate that investors are still skeptical over the new coin and Bitcoin’s potential split.

Bitcoin Cash (BCC) Price Chart

ViaBTC Preparing for UAHF

ViaBTC announced their intention to support the new blockchain on July 17. Their decision was made following inquiries from miners and users looking to support Bitcoin ABC:

As a professional cryptocurrency platform who guarantees superior customer service and maximum protection for customer assets, we decide to make precautions for the upcoming UAHF and provide a new option for users, on the basis of our support of SegWit2x under New York Agreement. We will designate the token “Bitcoin Cash” (BCC) to the possible split coin led by the activation of UAHF…

ViaBTC is allowing its customers to trade their current Bitcoins for 1 BCC and 1 BTC_FROZEN2. The BTC_FROZEN2 tokens cannot be traded before August 1, but will be redeemable for 1 BTC following the chain split.

Bitcoinist_Bitcoin Hard Fork

A Fork in the Road

With ViaBTC now supporting BCC, a Bitcoin split now seems almost certain. It remains to be seen whether other mining pools will support the new blockchain following the fork.

So far, ViaBTC is the only exchange which has announced support for the new token. Coinbase, the world’s largest Bitcoin exchange, has already announced they will not support the new blockchain:

Should the UAHF activate on August 1, Coinbase will not support the new blockchain or its associated coin. Any BTC within customers’ accounts will remain accessible over the main blockchain only, and will not be converted into BTC on the UAHF chain.

In the meantime, the main Bitcoin blockchain will retain its BTC ticker and price. Should the new blockchain gain the majority hashpower in the coming months, however, BCC may overtake BTC as the dominant Bitcoin blockchain.

How do you feel about a Bitcoin split? Which blockchain will you support? Let us know in the comments below.

Images courtesy of ViaBTC, Pexels

Show comments