Day: March 15, 2018

The new governor of Taiwan’s central bank has said speculation has taken over from cryptocurrencies’ original role as a payments tool.

Meet Dean Karakitsos– Digital Visionary, Futurist and Advisor to ZeroEdge Bet

ZeroEdge is right at the cutting edge of many new web-based technologies including cryptocurrency, Blockchain technology, digital marketing strategies, smart contracts and more. In order to stay on the sharp edge, ZeroEdge relies on the extraordinary input of several top advisors, all dynamic personalities as well as movers and shakers within their own specific spheres.

Dean Karakitsos is the perfect example of the type of advisor that we mean. Dean has over two decades of experience in designing and launching innovative and industry-changing products. He is also the founder and the driving force behind Bloqchain Science, one of the leading authorities on Blockchain technology. We are proud to be associated with this visionary innovator, whose main passion lies in disruptive technology development as well as dynamic business management.

With Dean on board as one of our top advisors, we feel fully confident that our industry-breaking vision will not only be realized very shortly but is guaranteed to change the online gambling industry forever.

ZeroEdge.Bet – Revolutionary online gambling platform with 0% house edge games

ZeroEdge is a unique concept set to revolutionize the way you gamble online. Currently, all online casino games come with a house edge, i.e. the advantage that the casino has over you, which varies between 1% to 10% or more, depending on the game. ZeroEdge’s solution – offer games with 0% house edge and give players a completely fair chance of winning. In other words, playing at ZeroEdge.Bet is literally free, you don’t have to pay anything to the casino like it’s with traditional online casino sites.

The most amazing part is that Zerocoin value increases as more people join the world first 0% edge gambling platform. It is all achieved by creating a closed-loop economy in which high demand for 0% games drives Zerocoin’s value up. This model is also known as Metcalfe’s law which was originally invented in 1993 and can be seen in the actual Bitcoin’s price growth. ZeroEdge offers a unique gambling model which potentially could revolutionize the $70 Billion gambling industry. Players won’t be losing money but instead earning from the increasing Zerocoin value.

We have made a survey & asked hundreds of people about their gambling preferences &experiencies.  The main finding was that 99 % of them stated that they would choose 0% house edge games to play if such games were available. High demand for the world’s first 0% house edge games will increase the Zerocoin value exponentially. An important task for us will be to educate the players and raise their attention to this beneficial concept.

Zerocoins (ZERO) will be available to investors during an upcoming ICO. Visit https://tokensale.zeroedge.bet to find out more.

The post Dean Karakitsos, Founder of Bloqchain Science Joins Zerocoin — Cryptocurrency for Gambling appeared first on NewsBTC.

So, Germans are in business now. As was predicted in 2001. #FOLLOW-UP

Markets dropped prematurely in response to news of Google’s June crypto ad ban, while major US gov’t crypto hearing showed positive steps towards developing non-intrusive crypto regulations. #NEWS

Robotina, an innovation and control technology company, established since 1990, with a working product “HEMS” (Home Energy Management System), is well-recognized for its utilization of modern technologies to change the way we interact with technology. Robotina already enjoys long-term partnerships with a number of industry giants including Panasonic and Hitachi and has more than 1 million connected points to its IoT platform. Robotina has recently announced its blockchain -based platform, for which the pre-ICO started on February 21, 2018. The platform through its crowdsale campaign is looking at raising USD28.5 million in an effort to expand the utilization of the platform and bring sustainable solutions for increasing electrical energy prices, electrical consumption and electrical grid stability.

The Background

With global energy consumption rates growing at an exponential rate and a range of renewable energy sources playing their role, energy management is the challenge to systematize. There is a need for changing the way we interact with power grids and the way providers interact with the consumers. The key issue is to reduce the gap between energy providers and consumers effectively, by creating a collaborative effort for streamlined and efficient energy delivery and consumption.

How Robotina Addresses This Challenge?

Having years of experience in this sector, Robotina has been addressing the problem with tested solutions, latest technology and a unique three-pronged approach to make an immense effect in this field.

The Three-Technology Blend

Robotina’s unique system blends the best elements of three technologies including Internet of Things (IoT), Artificial Intelligence (AI) and blockchain technology for modernizing not only energy consumption processes but also letting consumers decrease their costs while increasing safety.

How Does it work?

Robotina has its own in-house R&D Team. It is an EU company with over 50 experts focused on innovation in automation and control technology.

The first step in the process at consumer level involves Robotina’s proprietary energy based IoT device. After receiving Robotina’s unique Energy Management System (EMS) device, consumers can start reducing their consumption by monitoring and optimizing their entire usage cycles. The EMS device collects data that is then used to benefit the user by optimizing consumption patterns through their unique AI implementations. Additionally, users earn the platform’s native token through group energy purchases and data sales, which they can then use for additional services provided by Robotina.

Robotina’s business model includes the entire vertical, from energy suppliers to grid operators. GOFLEX community and NEDO Slovenia are comprehensive showcases of this scope of cooperation.

Devid Palcic, the CEO of Robotina says:

“After implementing 1000+ successful projects in Germany, Austria, Slovenia, Switzerland, South Africa and elsewhere, it was time to upgrade our game and give our clients a better, even safer decentralized solution. This development is completely in line with our vision to become the leading provider of smart connected solutions, components and platforms which will contribute to a new model of connected society. We are looking forward to bringing the measurable benefits our ICO investors will be seeing”

About Robotina Tokens (ROX)

The Robotina Tokens (ROX) fuel the platform and run all the utility offered by the ecosystem. Token holders can verify their status on the platform, take part in group energy buying, get discounts on services provided, and use the Robotina App Store.

The 70% of all Robotina Tokens are being offered in the crowdsale, ensuring democratic distribution of tokens and growing number of participants.

How Robotina Competes in the Market?

Robotina’s key competitors are Power Ledger and WePower, operating in the blockchain-based energy space. What differentiates Robotina from its competitors is its utilization of a broad range of technologies and current practices that can potentially make it the topmost player.

Unlike blockchain-based solutions offered by Power Ledger and WePower, Robotina raises the mark by using both AI services and IoT devices to optimize energy consumption levels and check performance. It has a patented technology, a working product and an already-established business record. Besides software development and financing, Robotina specializes in automation that aims to ease the process for the consumers.

Though WePower, Power Ledger and Robotina are all operating in similar marketplace, Robotina enjoys an edge due to offering both software and hardware services, energy crowdfunding, community-based data exchange and fault detection.

About the ICO

Robotina Pre-sale ICO is going-on, offering Robotina Tokens (ROX) with 10% bonus. The average ROX price will be set at $0.05. Presale hard cap is $15.5 M. Though Robotina platform enables payment with several other other tokens, coins or fiat currencies, but only ROX transactions are eligible for special discounts.

To know more about the platform and participate in its on-going pre-sale ICO, please visit https://www.robotinaico.com/

The post Robotina- A Blockchain-based Revolution to Modernize Energy Management appeared first on NewsBTC.

As is always the case when the cryptocurrency markets are bleeding value, some coins are affected worse than others. In this particular cycle, we see the Stellar price decline by as much as 13.6% over the past 24 hours. Not a positive trend by any means, and it seems a reversal is not on the horizon either.

Stellar Price Onslaught is Very Real

No one will deny these past few weeks have not been all that fun for cryptocurrency enthusiasts. With so many markets suffering from a decline in value, things are not looking all that great. Especially the past 24 hours have resulted in very big declines in virtually all markets, with the Stellar price embodying this bearish pressure exactly. More specifically, the Stellar price has lost 13.6% in value over the past 24 hours alone.

While that in itself is not uncommon in the world of cryptocurrency and digital assets, it further confirms we will not see any major positive momentum in the near future either.  This recent Stellar price dip comes on the heels of previous declines which sent the value from $0.83 all the way down to $0.4 in the early months of 2018. With the bearish pressure only intensifying as more time progresses, we may very well see further Stellar price declines in the near future.

It is also worth noting the Stellar price is going down because of losses in the XLM/BTC department. With the XLM/BC ratio decreasing by another 6.21% over the past 24 hours, it has become rather evident the struggling Bitcoin price will continue to drag all altcoins with it for quite some time to come. There is no indication altcoins will decouple themselves from Bitcoin in this regard, but only time will tell what the future will hold.

With Stellar still generating a trading volume of $64.811m, the demand for XLM is not there as of right now. All cryptocurrency markets have seen a decline in trading volume over the past few weeks, and it seems this trend will only get worse as more time progresses. We are used to Stellar generating over $200m worth of trading volume on a regular basis, but right now, reaching $100m will be quite a challenge, for obvious reasons.

The way things look right now, Binance is the leading cryptocurrency exchange when it comes to XLM volume. They are well ahead of Upbit and Bittrex. Poloniex and Upbit’s second pair are all in the top five as well. There’s only one fiat currency pair in the entire top five for XLM, which further confirms there is very little money flowing into Stellar as of right now. Not a positive sign, but we will have to wait and see how all of this plays out.

For the time being, the Stellar price seems poised to go down even further over the next few hours. More specifically, it is evident the bearish pressure on all cryptocurrency markets will not slow down anytime soon. Although some markets are trying to fight this negative trend, no currency has been able to make any meaningful impact as of right now. It is evident the Stellar price faces a big uphill battle in this regard, but the cryptocurrency world often works out in a funny way.

Bitcoin looks set to revisit November lows after dropping below $8,000, but a minor corrective rally looks to be in the offing beforehand.

Welcome to the BitcoinNews Introduction Series for the Bitcoin beginner!

You’re probably here because you’re curious about Bitcoin. Is it a new kind of money? Is it digital gold? Is it the future PayPal? The beauty about Bitcoin is it can be all of these things and more. Bitcoin may have been designed by some of the brightest minds in computer security and finance, but once you get past the technicality of using it, you’ll see that Bitcoin was made for everyone and every possible financial use.

The aim of the our Introduction Series is to explain how Bitcoin works, how to get some, how to use it, how to protect yourself against scams – with explanations that are as simple and non-technical as possible.

At the same time, you should know that Bitcoin is very addictive – as you learn more about, you’ll want to understand more, you’ll want to learn how to use it better, and hopefully, benefit from the wave of change that is currently sweeping through the world of finance thanks to Bitcoin and its innovative technology.

Bitcoin in a few words

The very first phrase that introduced the world to Bitcoin was this: “A peer-to-peer digital currency”. This was the title of an obscure 9-page white paper that emerged in an even more obscure mailing list.

Its creator(s), who went by the pseudonym Satoshi Nakamoto, had come up with a brilliant idea that would allow people to send money to each other over the Internet, without ever having to trust another person to help get their money sent, hence, peer-to-peer (P2P).

Why is this important? Because, traditionally, when we send money to other people, we always have to rely on someone else or something else. Every time we pay or send money, we’re actually sending our funds to a third party or intermediary, who then ensures our money reaches the receiver.

When we send a bank transfer, we trust the bank to credit the recipient’s account. When we shop with a credit card, we trust the credit company to settle our payments to the merchant. When we pay with Paypal, we trust Paypal will credit the merchants with our payment.

But for the first time, Bitcoin proposed that you could send money to anyone in the world, directly. And, thanks to its technology of sophisticated cryptography Bitcoin proposed a system where information and data is coded in a form that can only be decoded and understood by the people you allow (hence, the reference to Bitcoin as a cryptocurrency). This way, your funds would be protected and secured, accessible only by you and the people you allowed. Never again would you have to trust a bank to store your money since only you were in complete control.

So there we have it. At its very core, Bitcoin is a cryptocurrency that allows trustless and secure P2P payments. Bitcoin can also refer to the technology that runs it or the network that secures it.

The post What is Bitcoin appeared first on BitcoinNews.com.

You might have read that Bitcoin was the creation of libertarians, the playground of hackers and anonymous people over the Internet. The short answer is: yes.

As mentioned above, the Bitcoin white paper (a document describing the technical aspects of the technology) surfaced in a mailing list. That list was subscribed to by so-called cypherpunks, a fancy name for activists who advocated cryptography and privacy technologies in a bid for social and political change.

This happened in 2008, a time when the world was still reeling from the aftermath of the most recent global financial crisis. Occupy Wall Street had happened. Huge financial scandals had been exposed. Greece was free falling into bankruptcy. National debt was spiraling.

People all over the world had lost jobs, homes, life savings. And they blamed the big bankers, Wall Street, the governments; institutions that they had trusted their hard-earned money to, people they loaned money to and people who had misused their trust.

In many ways, Bitcoin was a representation of that frustration with the global banking and financial structure. If we couldn’t trust the banks, if we didn’t want to pay high fees and unfair commissions to middlemen, if we didn’t want to risk our life’s work suddenly disappearing overnight, then we had to take charge of our own money.

The libertarian desire of freeing one’s self from the yoke of the state was obvious with Bitcoin. Thanks to its underlying blockchain technology, the early founding concepts that linked Bitcoin to libertarian ideals were possible:

• a decentralized system (no more intermediaries or authorities governing or managing it)
• that was distributed in nature (people voluntarily helped run the network)
• transparent (everyone could see what was going on); and
• immutable (you couldn’t tamper or modify information stored on the network).

The post The Libertarian Roots of Bitcoin (and cryptocurrency) appeared first on BitcoinNews.com.

Bitcoin Press Release: Global Blockchain is a vertically integrated holding company for blockchain and crypto assets. The company is managed by a team of industry pioneers, who have been in the blockchain ecosystem for over a decade and are  early adopters of all significant cryptocurrencies.

March 15, 2018. Vancouver, Canada:  Global Blockchain is a unique platform and business model that provides investors access to a vast array of holdings within the emerging blockchain ecosystem.

Global Blockchain’s ethos is to streamline the process that interested participants need to undergo to gain exposure to the cryptocurrency space with intending to becoming the backbone originator and manager of top-tier blockchain technology and virtual currencies.

The Global Blockchain team will carefully choose and incubate up to 12 tokens per year, after long and arduous research the team at Global Blockchain will be providing critical early funding and retain a major equity stake in the tokens of their choosing.

In-House Incubator

Global Blockchain will give the fourth dimension to its investors, using its in-house innovation incubator, this will provide the maximum amount of resources and the potential to unlock many new Blockchain technologies, propelling their growth. These resources include initial capital, technical development personnel, and legal support. Once the MVP has been created, it can be brought forward to market using a token generation event.

Global Blockchain is offering much more than an opportunity to invest. The company is offering the chance to capitalize on the growth and future of blockchain technology, between holdings in existing technologies, and holding in the tech that does not yet exist.

Global Blockchain is geared to maximize possibility, in a sector where a new potential is being discovered on a regular basis.

The Acquisition of Coinsteam Mining Corp

On March 1st, 2018 Global Blockchain announced that it had closed the acquisition of Coinstream Mining Corp. This facility totals an incredible 50 MW of capacity, with 35 MW of capacity available immediately. BLOC’s subsidiary, Global Blockchain Technologies Corp, will supply cryptocurrency mining units by a 70/30 split in favor of BLOC.

The company has issued 32.5 million shares to the Vendors of Coinstream to satisfy the terms of Agreement. No finder’s fees have been paid on this transaction.

The Coinstream acquisition aligns with their goal of having a diverse basket of blockchain companies/investments assets for the investors in their fund pool.

The Global Blockchain Team

The Global Blockchain team is comprised of industry set heavyweights, including founders and early adoptees of blockchain projects. As the team has a wide array of insights and experience going as far back as the beginning of blockchain, they can look at projects with an extensive library of knowledge, enabling them to vet prospective holdings for business sense and technical viability.

Thus allowing investors to benefit from early investment in projects that are qualified as having a steady projected growth trajectory, without the effort or uncertainty of having to do the arduous task of research themselves.

CEO Rik Willard is a pioneer in branded digital engagement concepts. Rik has worked with DOOH and large-public screen projects, branded content, CMS, mobile and social media. Rik has always utilized his time spent with each client and production. Including MGM Resorts, Calvin Klein Cosmetics, Lucent Technologies, Dictaphone. Rik has also worked alongside the World-Famous Apollo Theater, Couture designers (including Chado Ralph Rucci, Oscar de LaRenta and Kevan Hall), The French Ready-to-Wear Association (Pret-a-Porter).

Global Blockchain is also a comprehensive advisory team, comprised of no other than David Drake, Michael Terpin, Jim Rogers, Gary Rubinoff, Manie Eagar and David Wachsman. Together they boast a more than an impressive arsenal of experience in a wide variety of expertise.

Media Contact
Name: Global Blockchain
Location: Canada
Email: [email protected]

Visit the Website: https://globalblockchain.io/#
Read the Whitepaper:https://d1io3yog0oux5.cloudfront.net/_bd741e42d609ecabafc774079f2f3326/globalblockchain/db/298/2054/pdf/Global_Blockchain.pdf
Join on Facebook: https://www.facebook.com/globalbloc/
Follow on Twitter: https://twitter.com/GlobalBloc
Connect on LinkedIn: https://www.linkedin.com/company/13444885/

Global Blockchain is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest

The post PR: Global Blockchain: A New Wave of Investments in Blockchain Technology appeared first on BitcoinNews.com.

Bitcoin Press Release: Peer2group has partnered with Komodo, who will get 10% of the tokens. These will be held in escrow by a legal entity and distributed before summer 2018 backed by a legal entity.

15 March, 2018. Gibraltar: Peer2.group recently agreed to distribute 10% of its Peer2.fund tokens, which will aim to be released before summer 2018 backed by a legal entity, for an undisclosed amount. Peer2.fund is a cryptocurrency fund supported by a legal entity, which will get income from all Peer2.group business projects. Peer2.fund will have its token released before summer 2018.

This project consists on a wide range of business models that don’t require to handle cash, allowing the group to achieve an accurate digital approach to business while also focusing on filling the gap between fiat and crypto.

The 4 Business Lines Being Actively Developed by the Group are;

Peer.2cash, a fiat gateway for a distributed economy and DApps, which has been working in beta version for last 24 months and it’s now being scaled.

Peer2.cloud, our approach to supporting Komodo Platform as a nextgen technology platform for financial freedom and privacy. The group is engaging in Notary nodes elections at Komodo to become part of Komodo backbone technology.

Peer2.krd, a crypto card program to empower digital independence. The roadmap is gradually coming to life in three phases. First by allowing to send funds to any credit/debit card in the world (which accepts it). 2nd by allowing to buy bitcoin and other cryptocurrencies with credit/debit card. 3rd by issuing a Peer2.krd branded card for our users.

Peer2.market, a competitive white label marketplace for Exchangers and OTC traders, which aims to build a platform that will allow people from around to world to engage in buying and selling cryptocurrencies as a profitable activity.

Regarding its distribution, Peer2.fund tokens will be distributed before summer to collaborators, partners, employees, and investors. Holders will have the ability to exchange at any time the tokens they hold against the corresponding % stake accumulated in the fund after performing a KYC process. Alternatively, holders could also sell the tokens on exchanges where listed, which would include the in-development decentralized exchange by Komodo team (Barterdex).

Media Contact
Name: Ana
Location: Gibraltar
Email: [email protected]

Visit the Website: https://peer2.group
Read on Medium: https://medium.com/@Peer2group
Join on Facebook: https://www.facebook.com/peer2group
Follow on Twitter: https://twitter.com/peer2group

Peer2Group is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest

About Bitcoin PR Buzz -Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR

The post PR: Peer2group Announces Partnership with Komodo appeared first on BitcoinNews.com.

The idea for creating an affordable and easy to use peer-to-peer cryptocurrency insurance marketplace, came naturally with the cryptocurrency market growing and diversifying so rapidly during the course of the last year. With over 1,500 altcoins out there and the decreasing dominance of bitcoin, it was only a matter of time before someone created a handy tool for safer trading.

 The world of business is constantly evolving. And if we talk about blockchain, it’s in a state of the eruption with everything happening very fast. Let’s look at the blockchain startup creation stages, taking the case of BITRUST as an example.

Finding a problem in the market

And not just a problem — there has been a real pain in the market. “Before we started BITRUST, there wasn’t one single person on our team — a team of true blockchain enthusiasts — who would not lose money trading cryptocurrencies in the past, one way or another. One day we were all saying how great it would be to have an affordable tool for hedging trading transactions. And that’s how the idea of BITRUST came naturally into being,” says Alex Duhamel, CEO of UK-based BTF Project Limited.

Therefore,

• look closely at the growing markets
• find the one you can become really interested in
• make your research, become a participant
• identify room for improvement, locate those gaps
• assess the size of the market — how much is it worth?
• test your idea with some masterminds in your niche

In the case of BITRUST, everything was ready for it to come about. The accelerated growth of the cryptocurrency market cap, and growing numbers of exchanges and crypto wallets all strongly indicated that the market was booming and new participants were joining every day. At the same time, the very infancy of the cryptocurrency market meant that there was a lot of room for improvement and appearance of the conventional fiat currency trading risk management solutions.  

Solve it better than anyone else

So, a great idea has been identified. The first question is, how to bring it to life? What technology is best? What is the business model going to be? All these topics should be approached with both practicality of implementation and long-term implications of these decisions in mind.

BITRUST utilizes Ethereum smart-contract technology which guarantees the execution of transactions that have been pre-agreed by both parties. Company CEO Alex Duhamel comments on its goals: “Two of the major values we wanted to bring to cryptocurrency investors were transparency and affordability of this hedging tool. We didn’t want to make it a complicated and expensive instrument that was only for professional investors. We wanted a wide pool of investors to benefit. That’s why making it a P2P marketplace was such a natural step.”

The entire transaction within BITRUST requires both parties — the buyer of insurance and the seller of insurance — to lock their funds in either BITRUST tokens (BTF) or a certain set of cryptocurrencies. After the pre-agreed insurance contract date expires, the BITRUST smart contract is executed in a decentralized and automated way — ensuring that the agreed terms are carried out.

This mechanism eliminates the possibility of fraudulent behavior by any of the parties involved; for example, one party not delivering on the promise (the payment) in a situation where their market prognosis did not go in their favor.

 The team makes all the difference

It’s accepted as standard now that there should be a hacker, a hipster and a hustler in each tech-based startup to develop a promising idea into a successful business. At BITRUST — where mature business and entrepreneurial experience meet leading blockchain engineering expertise — things are indeed done from the ground up with particular attention paid to the quality of the user experience.

The business wing of BITRUST — its CEO and heads of business and product development departments — have Master’s degrees from prestigious business schools in the UK and Canada, and have extensive hands-on expertise across multiple industries like banking, HR, finance and audit, and are indeed already accomplished entrepreneurs themselves.

The CTO, Sergey Silin, comes from a FinTech background, and succeeded in attracting a team of talented software developers to launch BITRUST. He introduces the company’s leading engineers:

*Mikhail is an IT Professional with a solid track record within the reinsurance and banking industry. He has a Master’s degree in Computer Science and Engineering from Riga Technical University. Over the last 5 years he has led the development and engineering activities for core business applications of Fortune Global 500 companies. Mikhail is actively engaged in product requirement elicitation, solution design, product development & delivery (applying practices from Agile methodology and Scrum framework) as well as production operations.

* Alexey Vinar graduated from the Novosibirsk State Technical University. He started his career as a digital producer in one of the leading digital agencies in Russia, gaining experience in working with well-known international brands like IKEA, GoPro, the Discovery Channel, Burton and others. In 2017, Alexey joined the BITRUST team as an Ethereum blockchain developer. He focuses on smart-contract development for the BITRUST platform. Alex believes that no development task is impossible and any idea can be realized.

* Oleg Lupikov joined the BITRUST team in 2017 and is the UX/UI designer for the BITRUST platform. Since graduating from Novosibirsk State University of Telecommunications and Information Science he worked in one of the world’s top five digital agencies as a front-end engineer. Oleg also has extensive experience in launching new startups and is a product owner in a number of promising startups. Oleg is very efficient at designing user-friendly interfaces and attractive product landing pages.

To accelerate its development and meet timeline deadlines, BITRUST works in close cooperation with Hook Production Ltd., one of Russia’s leading digital production agencies, based in Novosibirsk. The firm’s clients include well-known brands from the USA and Europe. Their team of talented software engineers is now working to launch the BITRUST platform by January 2019.

Think long-term and create a community around the business

Every startup should strive for community-scale value growth driven by their product over the long term. To finance the development and launch of the BITRUST platform, the company’s founders — firm believers in blockchain technology and its decentralized nature — decided to create a limited-supply sale of BITRUST tokens (BTFs).

“We want to give everyone an opportunity to be part of the BITRUST project and to attract ecosystem members from different parts of the world, from South Korea to Russia, Japan to Brazil, and further,” says Alex Duhamel, the company’s CEO.

The sale will start on 5^th of March 2018 — see more information about the BITRUST ICO structure and the company here.

The post How to Build a Successful Blockchain Startup: The Case for BITRUST appeared first on NewsBTC.

The correlation between blockchain technology and video games is becoming more apparent.  Tron and BitGuild are now bringing in-game item ownership to distributed ledgers. This is a major development for the video gaming industry as a whole.

Revamping In-Game Ownership

Anyone who plays video games will know how “owning” virtual items is a double-edged sword  While it is possible to buy in-game objects with real money, selling them is often considered illegal. As such, the ownership of these items is rather one-sided. A big problem, considering players work hard to get these items and deserve to derive value from them. Right now, there is no convenient solution to achieve that goal.

BitGuild and Tron aim to change all of this in the near future. More specifically, they are working on a worldwide free content entertainment system. By using blockchain technology, they can prove item ownership and provide a new environment for financial transactions related to these digital assets. BitGuild will provide a limited-edition in-game asset set for the Tron community in the near future.

All of these assets can be purchased using Tron’s native TRX token. It is possible these assets will be made available on BitGuild’s virtual item exchange at a later date. Right now, that has not been officially confirmed just yet. The finer details of this plan have yet to be unveiled as we speak.

Will the Video Game Industry Embrace This Idea?

While building new digital assets for the gaming industry works, existing game developers may not look favorably upon this concept. Video gaming has become a multi-billion dollar industry. This includes the in-game items which players spend real-life money on. Recent games such as Star Wars: Battlefront II and Destiny 2 show the concept of loot-boxes is still viable. Despite growing backlash from gamers, this concept will not disappear anytime soon.

Additionally, there are other semi-similar blockchain ventures on the market already. BitGuild and Tron are doing things a bit differently, though. Rather than providing in-game services or currencies, this new platform will tokenize the products being offered. This gives players full control over their assets at all time. In this regard, this new venture is completely different from other blockchain projects in the space.

One thing to take note of is how this new venture seems to focus on new games altogether. There will be no real plan to bring this technology to existing video games as of right now.  Whether or not that will be a good thing, remains to be determined. Building this new “class” of games where everything is tokenized will take a lot of time. At the same time, it’s also an opportunity worth exploring.

The post Tron and BitGuild Aim to Build New Class of Video Game Assets appeared first on NewsBTC.