Bře 13

Justin Sun Planning $20M Cash Airdrop and Tesla Giveaway

TRON founder Justin Sun announced that he is planning to do a $20 million free cash airdrop, in addition to a giveaway of one Tesla vehicle, to a random winner. 

$20M Cash Airdrop from Justin Sun

Justin Sun, the founder of TRON (TRX) — the world’s 10th largest cryptocurrency by means of market capitalization — has announced his plans to do a $20 million free cash airdrop.

Prior to the airdrop, however, Sun is also going to give away one Tesla vehicle to a randomly picked winner.

“To celebrate BTT & USDT-TRON success, I am planning a $20m free cash airdrop. Good news – it’s coming, bad news – I may decide to give away more! First, I will randomly pick 1 winner for a Tesla up until 3/27! To apply, follow me and RT this tweet! Simple!”

Apparently, the first phase of the Tesla giveaway will end on March 27 and those who want to participate have to follow Sun on Twitter and retweet his post. So far, it has been retweeted over 29,000 times.

As for the second part of the initiative, which includes the $20m cash airdrop, there’s no additional information shared.

The entire stunt celebrates the success of BitTorrent Token (BTT) and the recent partnership between Tether (USDT) and TRON (TRX). As Bitcoinist reported, Tether is set to be introduced on TRON’s blockchain.

tron trx price

$20M — Why Not?

While $20 million might sound like a lot of money for a giveaway, Justin Sun’s recent moves have brought in a lot more.

BitTorrent had its initial coin offering (ICO) in January through Binance Launchpad. It ended in less than 15 minutes, selling $7.2 million in BTT tokens at $0.00012 a pop. At the time of this writing, BTT trades at $0.00075 — a six-fold increase on any investments made in the digital token during the time of its sale.

It’s also worth noting that, according to the token allocation plan of BitTorrent, 20 percent of the total supply is held by the TRON Foundation, 19.9 percent by the BitTorrent Ecosystem, and 19 percent by the “team.” The total supply of BTT is 990,000,000,000. In other words, approximately 594,000,000,000 tokens are held by entities owned by Justin Sun. At current prices, that’s roughly around $445,500,000.

What do you think of Justin Sun’s $20M cash airdrop and Tesla giveaway? Don’t hesitate to let us know in the comments below! 

Images courtesy of Shutterstock, Twitter.

Kvě 10

OpenBazaar’s ‘Ambitious Destination’

Source: bitcoin


The OpenBazaar team has released its roadmap to the public via a Medium blog post and a picture of the company Trello board. The decentralized marketplace had “received a better than expected response,” and has gained visitors from all across the globe. With this, the company thought it would let the community know the upcoming development plans for the future.

Also read: BitcoinAverage: Craig Wright Can’t Keep Bitcoin Down For Long

“Today we’re releasing our high-level roadmap for OpenBazaar, — Our mission is to make trade free for everyone, everywhere. Our vision is for OpenBazaar to become Commerce 2.0: a permissionless and censorship-resistant protocol for global trade using Bitcoin.”

OpenBazaar’s 1-2 Year Roadmap

The developers of OpenBazaar say the roadmap goals are an “ambitious destination” that will likely take 1-2 years. The team tells the community the project is fully open source and users are invited to join the Slack group to help contribute. Additionally, they write the roadmap is called “high level” and some expansions include “important platforms such as mobile.” The outline detailed in the OpenBazaar blog says there constant ongoing commitments of which some are short term, medium, and long-term goals.  

Some of the long-term achievements the team wants to tackle are improving the moderation system, reputation enhancement, listing flexibility, discovery search, and more privacy. The OpenBazaar developers intend to enable Tor and other privacy-centric features after additional development is added. OpenBazaar states, “Going forward, we will be upgrading the network backend to IPFS, which is discussed in greater detail below. This upgrade will be a significant step forward to eventually integrating Tor.” Short term deployments for the decentralized marketplace include:

  • Email notifications
  • Webhooks
  • Backups
  • Order management
  • Inventory management
  • Order process UI
  • Sales control center improvements
  • Advanced digital goods
  • Blockchain ID on-boarding

Some medium-term goals include “big ticket” items such as an Interplanetary File System (IPFS). The protocol is a hypermedia for building distributed file systems, and would be an extension to the OpenBazaar network architecture. This feature would act like BitTorrent says OpenBazaar and the developers say, “when you visit another user’s store, your node will download and begin seeding that store data to other users.” The new framework will benefit users a great deal with enhanced censorship resistance, persistent content, multi-transport, local connections, and improved DHT implementation.

Additionally, OpenBazaar developers want to add advanced messaging that are encrypted and sent in real-time. The team also wants to add a full featured Bitcoin wallet integrated into the platform. OpenBazaar says the goal is to help new Bitcoin users manage the cryptocurrency on the site. The decentralized marketplace blog states:

“OpenBazaar uses a basic BIP32 wallet to manage multisignature escrow transactions in a user-friendly way. Ultimately, we want to include a full featured wallet in the application. The goal here is to make it easier for users to manage their Bitcoin (especially those that are new to Bitcoin) and incur fewer bitcoin transaction fees when transferring funds out of the app.”

Lastly OpenBazaar says it will be fully compatible with off chain proposals such as the Lightning Network and Segregated Witness. The team also details it will be working on a mobile app noting that, “mobile is eating eCommerce like software is eating the world.” They plan to launch a client-only mobile application and hope that it “empowers users” to manage their node.

The decentralized marketplace has a lot of work to accomplish and many community members are supporting its future stake in the new economy. The company got a lot of honourable mentions at the recent CoinDesk Consensus 2016 event and completing a roadmap like this one will bring the team quite a few more.

What do you think about OpenBazaar’s roadmap? Let us know in the comments below.   

Images via OpenBazaar Websites, and its associated blog


The post OpenBazaar’s ‘Ambitious Destination’ appeared first on Bitcoinist.net.

OpenBazaar’s ‘Ambitious Destination’

Dub 01

An In Depth Interview With the Developer of ZeroNet

Source: bitcoin


ZeroNet the decentralized Internet-like network that uses Bitcoin and BitTorrent technology is a new platform launched in January of 2015. The application is based in Budapest, Hungary and acts as a web host for a network of peer-to-peer pages. Users worldwide can use the open source ZeroNet protocol and begin surfing distributed websites.

Also Read: Synthetic Cannabis Proliferates On The Dark Web

“ZeroNet’s goal is to create a more decentralized and people-powered Internet with open, free, uncensored websites and communication that is easily accessible for everyone.”Tamas Kocsis, ZeroNet

The platform is not anonymous by default but can be tethered to Tor and used in a private manner. Creator Tamas Kocsis believes the application brings better decentralization to the Internet and has built a system where web pages cannot be censored or shut down. This would be incredibly useful as governments have become more tyrannical and some already ban certain pages.

Lead Developer and founder of Zeronet Tamas chatted with us here at the Bitcoinist and gave us an in-depth look into how this project started and his introduction to coding and Bitcoin. Tamas believes the Internet has some centralized issues that can be addressed with technology like Zeronet.

ZeroNet: ‘If You Build It, They Will Come’

Bitcoinist: How did you get involved with computers and coding?

Tamas Kocsis (TK): I was in love with the Internet since the dial-up era. I found some programming tutorials in a newspaper around 1999, started experimenting with it, then I was building websites.

Bitcoinist: When did you first learn about Bitcoin?

TK: Back in 2013 I brought someone 1 BTC as a wedding present, then started browsing forums and read more articles about it. I really liked the idea and wanted to contribute somehow to the community and to the decentralization idea, so I came up with ZeroNet.

“ZeroNet uses the same cryptography as Bitcoin, in result every site address is also a Bitcoin address and the users are also identified by the same way, so you can send bitcoin directly to them.”

Bitcoinist: Can you tell our readers what Zeronet is and what it aims to accomplish?

TK: ZeroNet allows you to create websites without any server, that is only modifiable by you. It has no hosting costs; the sites are served by the visitors, if you visit a site it’s also become available from you. It reduces Internet centralization, surveillance and gives more power to the people.

Bitcoinist: How does the protocol use Bitcoin and Bittorrent technology?

TK: ZeroNet uses the same cryptography as Bitcoin. As a result, every site address is also a Bitcoin address and its users are also identified by the same way, so you can send bitcoin directly to them. It uses the BitTorrent network to find other peers for the sites. The file transfer protocol is different from it because BitTorrent does not allow dynamic, real-time updated sites which is a key feature of ZeroNet.

Bitcoinist: Is there anything wrong with the way the Internet is run today?

TK: I think the Internet is getting more and more centralized, which is dangerous in many ways. For example, it’s easier to attack, censor, mass monitor and have a negative effect on creativity and wealth distribution. If big companies and governments know everything about us, then they can easily control us and influence our decisions.

Bitcoinist: Zeronet is immune from certain DDOS attacks, and takedowns is this correct?

TK: It’s uncensorable because it’s impossible to modify the site without the site’s private key and it’s also resilient of DDOS attacks, because if you want to make a site inaccessible, you have to take down every peer who is serving it which can be 1000s of computers.

Bitcoinist: Do you feel Zeronet gives a free and uncensored approach to the web?

TK: One of the main goals of ZeroNet is to bring the more decentralized web idea to less tech-oriented people by the ease of use, without a need of any configuration.  I think if we want to convince users to use our platform we have to offer similar user experience and speed as they have already used to while using computer/smartphone on daily basis.

It reduces Internet centralization, surveillance and gives more power to the people. If you build it, they will come.”

Tamas Kocsis, ZeroNet

Bitcoinist: How many users are using the platform currently?

TK: It’s hard to measure because every site is an independent network, but I think there is around 1000 users on the network.  It’s still a very new platform (launched in January 2015), but people started building new applications and I also planning to create new features and sites. I think the user number only depends on content, so believe in “if you build it, they will come.”

Bitcoinist: In the future do you think the internet may reach total decentralization or will there be a balance of both?

TK: I don’t think ZeroNet as a replacement of current Internet (I also think Bitcoin will never replace all fiat money), it has lots of limitations, but it could be better solution for many kinds of sites. Just like, when birds appeared on earth they do not replace insects, but become a new kind of life-form.

Bitcoinist: What is the overall goal for Zeronet?

TK: ZeroNet’s goal is to create a more decentralized and people-powered Internet with open, free, uncensored websites and communication that is easily accessible for everyone.

Thanks for speaking with us Tamas and we look forward to watching this project develop.

What do you think about ZeroNet? Let us know in the comments below!

Images courtesy of ZeroNet


The post An In Depth Interview With the Developer of ZeroNet appeared first on Bitcoinist.net.

An In Depth Interview With the Developer of ZeroNet