Day: May 21, 2018

From May 29 to June 29, the Playkey decentralized gaming platform plans to buy back PKT on the HitBTC exchange. Although the buyback price will be determined by the exchange rate, it shouldn’t exceed $1.24 per PKT. During the buyback, there will be a daily budget limit of $66,000 and a $20,000 purchase limit for a single seller.

“We do that in accordance with our roadmap to keep the PKT price under the review and to increase the quality of the PKT holders giving the chance to former bounty participants to sell PKT. What’s more important, the buyback will help us to accumulate PKTs on the Playkey Foundation site i.e. get ready to the next important step in the Playkey development. In June, 2018, Playkey expects to begin accepting PKT as payment for subscriptions on Playkey.net’s operational gaming platform, which is still centralized” – says Egor Gurjev, Playkey CEO.  The company regards, buying back tokens will provide stability during the launch of the PKT payment option. Playkey intends to use the repurchased amount of tokens to eliminate the threat of an artificial token deficit in the public sale.

Playkey.io is the concept of the blockchain-features decentralized ecosystem for gaming services that are based on Playkey, a prominent cloud gaming provider that gives a reasonably-priced opportunity for players to play top-rated games anytime and anywhere, using an obsolete laptop or MAC device connected to the Internet, without having to purchase a high-end PC or console. Today the Playkey centralized cloud gaming platform is available for Russia, CIS, Germany, and the UK.

The core participants in the new Playkey Ecosystem are gamers and miners (cloud gaming hardware providers). The Playkey idea is to create an ecosystem for cloud gaming based on P2P and blockchain technologies featuring dozens of independent owners of powerful computers worldwide  (miners) united within a community, and acting as a cloud gaming service provider. So here miners get an efficient option to utilize their computational capacities that is more efficient, more stable, and less risky than ordinary cryptocurrency mining. And gamers will be able to choose the best and the closest server for playing with minimum latency and lags. Playkey is aiming to build a large, private and professional community of miners, and become the largest cloud gaming platform.

PKT – Playkey Token – is the cryptocurrency to be used within the Playkey decentralized cloud gaming ecosystem for miners and computer gamers.

To find out more or to check the whitepaper, please, visit playkey.io site.

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At the beginning of 2018, I wrote an article outlining a New Year’s resolution that I thought could help boost cryptocurrency adoption and awareness in 2018, as long as enough people were doing it. Last week was the eighteenth installment of my challenge. This week coincided with Consensus in New York City; let’s get into it.

TRY TO SPEAK TO AS MANY PEOPLE ABOUT CRYPTOCURRENCY AS YOU POSSIBLY CAN

This past week I was at Consensus 2018 in NYC. The energy I saw there was great, and there were over 8,000 people in attendance – so many, in fact, that it was really annoying to wait in line for my badge at registration the day before the conference even began. The conversations were lively and numerous. Many people were looking to explore new projects or tell me about their own. I was surprised by just how many non-crypto people were also at this event. I found this to be encouraging for the future of the industry. Consensus made one thing very clear: even if the tourists start going home (and I feel many have after Bitcoin’s all-time high this past winter), blockchain technology is here to stay.

I also had the great fortune to see a friend of mine perform with his band this past weekend. While my friend is pretty sold on blockchain and cryptocurrency, his brother (who works for a financial institution) remains fairly skeptical of it. In particular, he wondered why a bank would not just create a private blockchain and cut out public chains altogether. I explained why game theory is really what drives a strong, decentralized ledger – you need to incentivize individuals to run nodes, mine, validate transactions, and so forth. I would never run a Big-American-Bank-Blockchain node unless I were compensated for the computational effort that went into securing the chain. We did both agree that 1) greater regulation is needed, and 2) it’s coming. By the end of the night, we both had a better perspective on the topic.

LEARN SOMETHING NEW ABOUT CRYPTO

There were innumerable opportunities to learn at Consensus, and one in particular really stood out. A project called Decenturion is actually trying to become a blockchain state. They were accepting ‘applications’ for citizenship (though I can’t imagine they actually denied anyone) and were issuing what looked to be pretty legitimate passports to their new citizens with all the bells and whistles of a regular passport – minus the recognized statehood, for which someone told me they were petitioning the UN.

It’s an interesting idea, and it challenges our ingrained notions of what and where a state can be, but I do doubt that the UN will recognize it.

BE GENEROUS – GIVE AND USE YOUR COINS

This week, I sent some Dogecoin as a tip to a friend for having done an absolutely awesome Photoshop job under strained conditions. I was impressed by her speed and ability to add someone else into a photo and make the edit barely noticeable. Who doesn’t deserve some Doge for that?!

Do you often attend industry conferences? How do you feel about them? Think that Decenturion will take off, or that blockchain states are a possibility? Tweet at us or comment below!

China-based Canaan Creative, one of the largest bitcoin mining hardware makers, has filed for an IPO in Hong Kong.

Bitcoin Press Release: Blockchain video sharing platform Viuly  participated in the Block O2O, and Fintech O2O conferences, the most promising gathering of blockchain experts, in Hong Kong on May 8, 2018.

17th May, 2018, Estonia: Viuly, as a decentralized platform for video content, connects creators with viewers, directly. This allows creators to earn with viewership and users to earn from watching videos and ads. The platform recently headed to Hong Kong, to participate in Block O2O, a summit that saw people from all over the world coming together to discuss about the current state and future of blockchain.

Block & Fintech O2O and Viuly

Block O2O and Fintech O2O where blockchain conferences hosted for entrepreneurs, engineers, financers, economists and regulators who discussed the present and the future of blockchain technology. The summit will be attended by more than a hundred investors, 100 speakers and 1800 delegates from 30 different countries.

The summit was held in PMQ, in the heart of the fashion and entertainment district of Soho, Hong Kong. The colonial Married Police Quarters has been redesigned as a state of the art conference centre. The summit was held for two days on 8th and 9th of May.

The team attended several closed investors meetups, these were organised for the team to pitch the Viuly project to potential partners and investors.

Igor Glavatskiy, Zahid Ali and Andrei Druta presented the project on stage, and outlined what was achieved by VIULY for last four months and what their roadmap holds in store for the future on the closed meetup after the event.

The team appreciate everyone who took part in making the memorable event happen.

OKEx Meeting

The Viuly team visited the OKEx headquarters in Hong Kong, where the team met with professionals from OKEx crypto-exchange. The Viuly team were really glad to meet the highly skilled and energised team.

As a participant, Viuly will showcase its video sharing platform to other participants, meet up with other blockchain platform teams and enthusiasts and generally discuss about how the technology is reshaping the world.

Videos On Blockchain: Viuly

Viuly uses blockchain technology to drive its video sharing platform. Through it, Viuly achieves a faster smarter and an efficient way of not only sharing videos, but allowing monetization of the content.

With blockchain, Viuly eliminates the need of an intermediary service provider. This means there are no commissions or heavy fee involved when content creators want to charge for their videos and channels. More money for creators also translate into more contents

For viewers, this means that there is more content to watch. Donations sent by viewers to their favorite creators is also free of any cuts. Viewers are also awarded for watching videos.

The third major effect is that without any middleman, advertisers can run their ads more cheaply. Revenue generated from ads on the platform is distributed to content creators and users.

By using smart contracts, all monetization of services is done automatically through the native VIU token. The Viuly team airdropped 20 VIU tokens per 1 ETH in each ethereum address used. The airdrop campaign lasted 5 days. Viuly has recently released its alpha version of its platform and already has more than one million users with over 76,000 channels running on the decentralized platform.

Learn more about Viuly’s Platform– https://Viuly.io/
Follow Viuly on Twitter – https://twitter.com/ViulyOfficial
Follow Viuly on Facebook – https://www.facebook.com/viuly/
Learn more about Viuly on Medium – https://medium.com/@Viuly

VIULY participants in HK trip:
Igor Glavatskiy – https://www.linkedin.com/in/igorglavatskiy/
Zahid Ali – https://www.linkedin.com/in/zahid-ali-9b899a40
Andrei Druta – https://www.linkedin.com/in/andrei-druta-8195067a

Media Contact
Contact Name: Ruslan Popa
Contact Email: [email protected]
Location: Estonia

Viuly 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. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose.

This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. The Viuly token sale is closed to US participants and participants of all countries in which ICOs are illegal.

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

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Cryptocurrencies and blockchain, undoubtedly, will disrupt companies and entire industries in the near future. OPEN Platform has been working hard from day one to push this vision forward by creating the tools that allow any developer anywhere to accept cryptocurrencies in a plug-and-play manner. This has the potential to tap into the $400 billion of cryptocurrencies, the vast majority simply sitting in wallets. OPEN completely challenges the status quo by allowing anyone to actually spend their cryptocurrencies on goods and services.

Any developer, with a few simple lines of code, can integrate the OPEN API and implement an on-chain payment system while keeping their codebase off-chain. This allows any payment that is made on-chain to communicate with the application’s backend, which is absolutely critical for applications to function correctly. Current solutions such as Bitpay fail to cater to application developers and do not really provide a developer-focused ecosystem similar to what OPEN is building.

As OPEN built and released the OPEN API for developers to begin using, the team analyzed both the on-chain and off-chain functionalities that were required. OPEN provides a powerful connection between off-chain and on-chain components; however, could OPEN develop a revolutionary on-chain feature?

The OPEN team began looking into developing a new blockchain. A new type of chain that would actually push the blockchain space forward. After an extensive research and development period, OPEN is excited to announce OPEN Chain.

OPEN Chain

OPEN Chain will allow for the improved mainstream adoption of cryptocurrencies through a high throughput blockchain focused on interoperability and scalability. This new type of blockchain with a combination of different components will allow for data transfer between chains at high volumes per second, competing effectively against existing centralized solutions. Components of OPEN include:

OPEN Chain: A high-throughput blockchain built using the OPEN Rapid Consensus mechanism

OPEN Cluster: A collection of interoperable blockchains within our ecosystem

Scaffolds: Interoperable data gateways deployed to blockchains within the OPEN Cluster that translate on-chain data into the OPEN States

OPEN State: Singular source for all on-chain data across every blockchain in the OPEN Cluster and linked to the application’s backend

Blockchain Load Balancing Protocol: Turning a network of interoperable blockchains in the OPEN Cluster and parallelizing data processing between each in order to achieve unmatched levels of throughput

OPEN Distributed Data Network: A distributed storage network that allows off-chain data to be referenced and updated by Scaffolds on any chain

OPEN Chain provides a completely novel way of routing and processing transactions that is extremely robust, yet simple and agile in its deployment.

When a developer deploys application Scaffolds on the OPEN chain, they are automatically deployed across the entire OPEN Cluster of interoperable blockchains. As the applications process transactions, they are processed on OPEN Chain with its ORapid Consensus mechanism. Once transaction volume begins to reach its limit on the chain, OPEN’s Load Balancing Protocol begins routing transactions to other blockchains which have capacity. The Scaffold then translates the data into the OPEN State which carries the data found on various blockchains.

Deploying a Scaffold across OPEN Chain results in a Scaffold deployment across other blockchains as well, leveraging the power of multiple blockchains rather than just one. In the Load Balancing Protocol, nodes are constantly assessing the capacity of each chain, analyzing which chain can support more transactions.

OPEN Chain presents a solution focused on both interoperability and scalability, disrupting both existing blockchains and centralized solutions. The team has a strong background in application development and blockchain technology capable of bringing OPEN Chain to thousands of applications all around the world.

Token Swap

“We can’t wait for people to learn about the upcoming token swap program. It’s going to reward our most loyal supporters in a truly special way,” explained Ken Sangha, CEO of OPEN.

OPEN will be using the funds already raised by their supporters to continue to develop and deploy OPEN Chain, rather than raising additional funds.

This means that once the OPEN Chain is ready to launch its test net, the current OPEN tokens will be exchanged for the new protocol tokens at no additional cost.

Furthermore, shortly after our TGE event, the team will be taking a snapshot of all wallet addresses that have received OPEN tokens. Once the test net is ready to launch, OPEN will analyze those wallet addresses to identify which of the original token holders have maintained their positions.

Individuals who have maintained their positions will receive a significant bonus in the form of new OPEN tokens during the token swap.

Masternodes

OPEN is also excited to announce the creation of a Masternode program. At a high level, Masternodes will be instrumental in implementing the interoperability functions, hosting the Distributed Data Network, and participating in governance. OPEN will be releasing key details about this program soon. Stay tuned!

OPEN is thrilled to be announcing some of its biggest developments and looks forward to growing a transformative ecosystem, supported by one of the best communities in the blockchain space.

Download the OPEN Chain white paper here.

The post OPEN Presents Innovative Protocol Blockchain for Interoperability* appeared first on NewsBTC.

Roger Ver, Bitcoin.com CEO and Mate Tokay, COO, has become advisors to a fintech startup to bring new benefits to the Bitcoin Cash community #SPONSORED

A confluence of technologies is poised to dramatically reshape manufacturing and, in the process, render obsolete the international trade regime.

Cryptocurrency exchange Kraken donated $1 million to Coin Center and pledged they will match donations made up to $1 million. After slamming a fact-finding inquest into crypto-exchanges, this shows their support for research designed to help regulators.

Kraken Backs Blockchain Think Tank

Executive Director of Coin Center, Jerry Brito, made the surprise announcement at the Coin Center Annual Dinner on May 14. He announced the donation and said that Kraken will match any donations made within May up to a tune of $1 million. This shows Kraken wants to create informed regulation of the industry and comes after the SEC said it will target fraudulent ICOs.

Kraken said:

“The great work that Coin Center does is extremely important and referenced by governments around the world. They’ve been ardent defenders of blockchain technology, cryptocurrency and innovation. Their work benefits the community, the industry and people who have yet to hear about Bitcoin. We are very proud to be able to support their continued effort.”

We are very proud to announce our $1m donation to @coincenter, the Night's Watch of crypto. Additionally, we'll be matching 1:1 all other gifts, up to $1m, during May. We hope that you will join us in supporting their amazing and important work.https://t.co/2QGWwhunK3

— Kraken Exchange (@krakenfx) May 15, 2018

Coin Center is a non-profit think tank targeted at public policy for blockchain technology. Their aim is to educate the public and the regulators in order to promote innovation and growth in the industry. They produce and publish research from academics and experts which provide governments with accurate data to base their policy decisions on.

Coin Center said:

“These contributions will go a long way to helping us gear up for the increased attention to cryptocurrencies here in DC. So, if you’ve been thinking about donating to Coin Center, now is the time. Your money will go twice as far.”

Coin Center: Ether is Not a Security

Cryptocurrency investors have been concerned over the threat of regulation in the blockchain industry. SEC chairman Jay Clayton has said that all ICOs are securities but the SEC has not committed itself to imposing this as yet and instead have focused on scams within the space. They created a fake ICO for ‘Howeycoins’ and even wrote a fake whitepaper to educate the public about how they can be scammed for their money if they do not do their research. This was a reference to the infamous ‘Howey Test’ to determine if something is a security or not.

Coin Center’s Director of Research, Peter Van Valkenburgh, said that ether is not a security in a blog post in April and emphasized the difference between an ICO and the token itself. He said: “The value of ether and the functionality of the Ethereum network is not reliant on the Foundation, rather it flows from the efforts of thousands of unaffiliated developers, miners, and users.” He argued that the token cannot be called a security because there is no contract or expectation of future value in general use.

Kraken is currently the #15 cryptocurrency exchange ranked by market cap with a 24-hour volume of $124,048,838. They were the first Bitcoin exchange to have their trading price and volume shown on the Bloomberg Terminal. They have previously predicted a $1 trillion market for cryptocurrencies in 2018. More recently, they condemned the New York Attorney General for leading a fact-finding exhibition into cryptocurrency exchanges.

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