Day: June 2, 2018

A new ground-breaking, decentralized system for healthcare data sharing has been introduced to the market by Grapevine World. This original concept promises a borderless ecosystem for the seamless, standardized exchange of healthcare data and improving the overall health care sector across the globe and its ICO begins on the 20th of June.

Grapevine addresses a major problem in the healthcare industry and that is lack of data interoperability. This problem forms one of the biggest barriers to change in healthcare, which is understandably one of the most important industries for every individual and it is currently estimated at $77 billion with the potential to increase to $153 billion by 2023.

What is interoperability and what’s the big deal?

Interoperability refers to the ability of different parts of one system or different systems to communicate with each other and share medical history data. From hospitals to local doctors and specialized medical care units, all systems will be able to communicate with each other seamlessly upon the patients’ approval to share their personal medical history.

Grapevine will give patients control of their privacy and medical data preventing mistakes in diagnosis and prescriptions. Essentially saving more than 400,000 lives each year. It will also allow institutions to share information through a decentralized environment and help improve research, medical knowledge and the healthcare industry all together.

More than just an idea

Among many blockchain projects, Grapevine World stands out with a product that will essentially change how the healthcare industry works and improve lives across the globe. In addition, the project itself is more than just an idea, it is based on existing and proven methods, most notably the Healthcare Enterprise (IHE) methodology, which is an existing set of standards that have been used for years in federal level projects worldwide.

The IHE methodology will be used to ensure interoperability. Based on its standards a common language can be established through different parts of a system or through different systems all together. This way weather the patient is at the hospital, the local doctor or even abroad he/ she will be able to share an accurate medical history.

So what fuels the Grapevine system?

All data exchange will happen through the use of Grapevine crypto token which acts both as a mechanism and incentive. When patients share their data, they are rewarded with Grapevine tokens. Institutions looking to source date will also pay for that data with the Grapevine token. This way the system will be fueled with the currency.

Recommended by EU and approved by Austrian Financial Market Authority

The Grapevine healthcare technology is already recommended by the EU & approved by the Austrian Financial Market Authority which puts the Grapevine world ahead of blockchain projects and tokenized exchanges for products or services.

The ICO will begin on the 20th of June 2018, and the whitelist will open on the 4th of June, 2018. Patients, medical institutions and investors can begin getting their own tokens to ensure their place in the future of the healthcare sector.

To read more or join the ICO visit https://www.grapevineworldtoken.io

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

The pioneering Ubex project and the Singularity project have signed a memorandum of understanding that foresees utilizing Singularity’s platform and infrastructure to construct and host Ubex AI services created using the platform.

The Ubex project intends to cooperate with Singularity in hosting, developing, training and enhancing the Ubex advertising platform’s AI construct, which plays a key role in shaping the dynamics of interaction between advertisers and publishers registered on the platform. Singularity’s advanced technologies, platform and vast expertise will be of immense value when shaping and perfecting the Ubex AI.

SingularityNET is a full-stack AI solution powered by a decentralized protocol. The project has assembled the leading minds in machine learning and blockchain to democratize access to AI technology. SingularityNET was born from a collective will to distribute the power of AI. Sophia, the world’s most expressive robot, is one of the project’s first use cases.

Today, Sophia uses multiple AI modules to see, hear, and respond empathetically. Many of her underlying AI modules will be available open-source on SingularityNET. Sophia is Hanson Robotics’ latest and most advanced robot to date and a cultural icon. She has become a media darling, appearing on major media outlets around the world, igniting the interest of people regardless of age, gender, and culture, even gracing the cover of one of the top fashion magazines. Her press coverage has a potential reach of over ten billion readers in 2017 Sophia is a highly sought-after speaker in business and showed her prowess and great potential across many industries. She has met face-to-face with key decision makers in banking, insurance, auto manufacturing, property development, media, and entertainment.

Ubex is delighted and proud to have reached a productive and mutual agreement with the Singularity project. The Ubex team is confident that such cooperation will be of immense use in increasing the value of the Ubex platform for all stakeholders.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

CONDA, the Austrian crowdfinancing platform, has started a cooperation with DASH (digital cash). During its ICO, CONDA will accept DASH for purchasing CRWD Token. DASH was introduced in 2014 and is an inflation-proof, non-governmental currency.

Vienna, June 03 2018 | Now undergoing the whitelisting phase of its ICO, CONDA is pleased to announce its cooperation with DASH. Whitelisting is the process by which one obtains permission to take part in the ICO; getting whitelisted now (before the actual crowd-sale begins) will reduce the waiting time that might arise during the crowd-sale in June. Everyone who gets whitelisted before June 4thcan immediately invest when the crowd-sale officially starts. CRWD Token can be purchased in ETH, Euro and now DASH. DASH is one of the world’s top cryptocurrencies. By accepting DASH, CONDA is targeting a strong community of ICO and crypto enthusiasts, and both entities will benefit from cross-linking their communities. “DASH is the only cryptocurrency that matches the technical requirements of digital cash. That fits our aim to connect the old and new financial economy,” says Paul Pöltner, Co-founder and Managing Partner of CONDA. Thus, an ongoing cooperation between CONDA and DASH is planned.

DASH: blockchain-based digital cash

DASH is a cryptocurrency developed in 2014 by Evan Duffield to introduce an inflation-proof, secure, non-governmental currency that is suitable for normal purchases. In contrast to other cryptocurrencies, DASH has a clear organizational structure regarding allocation of responsibilities, budget and hierarchy and maintains a decentralized network structure, making ita DAO (Decentralized Autonomous Organization). DASH, like CRWD Token, is based on blockchain technology and benefits from that technology’s decentralization, security and transparency. By maintaining a distinct organizational structure, DASH differs from other cryptocurrencies and is totally independent from external investors.

CRWD Network as new era of crowdfinancing

CONDA’s CRWD Network is the blockchain-based heart of its new platform. The decentralized network protocol solves the problems found in security tokens. While other ICOs are solely aimed at self-financing, CONDA is revolutionizing crowdfinancing: investors and companies benefit from the tokenized equity offerings, the benefits of the blockchain and the peace of mind that comes with investing in a legally-compliant framework.

DASH in CRWD Network

Thanks to this newest cooperation, DASH holders can purchase CRWD Token by utilizing the digital currency they already have without having to touch other capital.

“We are happy to cooperate with DASH, as we totally trust in this well-established, global cryptocurrency,” says Paul Pöltner. “Cooperating with CONDA is the next step for DASH to achieve our goals of broad usage and approval. By working with CONDA, we have a professional platform provider as a partner whose high standards of transparency and safety are matching with ours,” claims Jan Heinrich Meyer, Founder and CEO of the DASH Embassy in Germany, Austria and Switzerland.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

June 02, 2018 — The CRYSTALS project has collected US$ 1 million in less than 24 hours since the beginning of the presale.

CRYSTALS is in a class by itself ecosystem to solve and smooth over actual problems in the modeling industry. The team of professionals, despite the cryptoworld realities, decided to put things into perspective, not going for a sky-high financial goal. But still, they were surprised. The first goal was reached in a few hours after the presale started – US$ 1 million!

“We are very pleased with the fact that we have come across like-minded people among the crypto enthusiasts. Not only the CRYSTALS team but also our community, saw the potential of the project’s concept and approach. It’s a great success and a sign that we have chosen the right path. Once again, we want to express our deepest gratitude to our contributors. We are confident that further development awaits us, as we are making every effort to do this,” – commented Nikita Yakubovskyi, CRYSTALS CEO.

Nowadays, a tremendous number of ICO projects are fraudulent. Founders collect money from credulous investors then suddenly disappear without a trace. CRYSTALS, on the other hand, chose tactics of absolute transparency and openness. Having its strong community, CRYSTALS regularly attend various conferences around the world and actively participate in diverse social networks. CRYSTALS are real people with real product.

CRYSTALS is setting its sight for much bigger goals. They recently added the addition of Nikolas Verano, the photographer of Pavel Durov and official photographer of the Playboy Russia magazine. Nikolas has access to top modeling agencies worldwide representing international top models and celebrities. Many of them are his devoted friends and influential clients. His connection to the CRYSTALS platform will definitely promote and popularize it among the target audience: both models and customers. The CRYSTALS platform can be useful for beginners, as well as veterans of the fashion industry since it provides unique and robust marketing and service distribution tools.

Stay tuned and follow CRYSTALS social media platforms: Telegram, Facebook, Twitter.

Don’t hesitate to take part. Presale is ongoing!

About CRYSTALS

CRYSTALS is a complete platform with a full-service cycle for customers, models, and modeling agencies. The platform offers unique software for the modeling industry with integrated blockchain and sharing economy principles. CRYSTALS’ goal is to be a trusted  intermediary between service providers and their clients. CRYSTALS does not provide any modeling services but offers and supports a secure blockchain-based platform for convenient transactions in fashion industry.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

There are many different opinions on whether or not Bitcoin and other cryptocurrencies have a bright future ahead. The International Monetary Fund seems confident there is no need to regulate this industry at this stage, even though other officials see things differently. Dong He of the IMF is convinced that cryptocurrencies may replace central bank money in the future, but now is not the time.

Dong He on Bitcoin and Cryptocurrency

It is always interesting to note how different financial experts perceive the future of cryptocurrency. Considering that this new form of money is still incredibly volatile, it is evident that there is a lot of work to be done moving forward. The IMF’s Dong He, for one, wrote that the cryptocurrency industry is far too volatile to pose any threat to the fiat currencies which people use today.

That doesn’t mean this situation will not change in the future. The way things stand right now, there is a growing interest in Bitcoin and other cryptocurrencies which may disrupt the financial sector sooner rather than later. At this stage, however, the main focus should be on stabilizing the Bitcoin price, but that will be difficult to achieve.

One thing holding global cryptocurrency adoption back is its technical deficiencies. While Bitcoin has a high value as of right now, it is rather evident that scaling solutions need to be implemented sooner rather than later. The Lightning Network may change a lot of things, although it remains to be seen how powerful this technology will really be when everything is said and done.

Central banks suffer from deficiencies as well, though. Competitive pressure brought to the table by crypto assets means central banks will need to step up their game. Conducting effective monetary policy, for example, will remain one of their top priorities. Additionally, it seems a lot of banks are preparing to offer exposure to various cryptocurrencies moving forward. In some cases, it is better to embrace competition than oppose inevitable change.

In Dong He’s words:

There are both challenges and opportunities for central banks in the digital age. Central banks must maintain the public’s trust in fiat currencies and stay in the game in a digital, sharing, and decentralized service economy. They can remain relevant by providing more stable units of account than crypto assets and by making central bank money attractive as a medium of exchange in the digital economy.

Depending on how things evolve, cryptocurrencies could fulfill “more of the functions of money in some regions”, according to Dong He. That is a rather interesting comment, although it doesn’t mean there will be any major shifts in this regard. For central banks, it is of the utmost importance to keep tabs on any developments in these innovative industries, and perhaps jump on the bandwagon when the time arises.

CCN

Cryptocurrency Market Gains $10 Billion; EOS Surges 16%, Bitcoin Price at $7650 CCN The cryptocurrency market has increased by around $10 billion over the past 24 hours, as major cryptocurrencies including Bitcoin, Ripple, EOS, Stellar, and Tron surged in the range of 2 to 16 percent. EOS was the strongest performer today, recording a ... and more »

The Merkle

Bitcoin Tumbler BestMixer.io Steps Forward with Game-Changing Anonymization Service The Merkle Startups such as Chainalysis use various forms of blockchain forensics to peel apart the data found in crypto transactions and determine the origins of the cryptocurrencies involved. Bitcoin mixer BestMixer.io has devised a series of reserves ... and more »

In light of bitcoin forensics startups partnering with the IRS, the time for true cryptocurrency anonymization is now

In what can only be described as a major leap forward in the battle for user privacy, BestMixer.io has introduced a bitcoin tumbler that guarantees the total anonymity of digital currencies. Not content with simply offering the minimum, BestMixer.io has revolutionized the bitcoin mixer industry with the introduction of the Alpha, Beta, and Gamma pools which resist even the most advanced blockchain forensics tools.

Most users assume that because there is no name attached to their cryptocurrency wallet that their currencies, transactions, and wallets remain perfectly anonymous. This couldn’t be further from the truth as all digital currencies retain traces from every transaction they’ve been a part of, including wallet addresses and in some cases much more. Just take a look at their short video on youtube about it: 

“Everyone who has ever participated in a transaction with you has an opportunity to find out the addresses of your wallets, their balances, and can determine the origin of your coins and the destination address,” team members from BestMixer.io said in a prepared statement. “Apart from disclosing the details of your private life it also makes you an easy target for cybercriminals.”

Chainalysis is a New-York based startup which aims to connect the dots between cryptocurrency wallets and the identities of their owners. They have partnered with government tax agencies such as the IRS of the United States and others. Startups such as Chainalysis use various forms of blockchain forensics to peel apart the data found in crypto transactions and determine the origins of the cryptocurrencies involved. Bitcoin mixer BestMixer.io has devised a series of reserves culminating in the Gamma pool to resist pressure of services like Chainalysis and preserve the digital privacy rights of cryptocurrency users.

“For *Gamma Pool*, we form our private reserves and attract investors’ coins. Reserves of this advanced pool are not related in any way to coins of *Alpha Pool*. This pool will be of interest to customers who would like both to break the connection between their old and new addresses and to be sure of getting coins from a reliable source,” said the BestMixer.io team in a recent Bitcointalk.org thread.

The pools work by mixing a user’s deposited coins into either the Alpha, Beta, or Gamma pool depending on the user’s selection. Coins in the Alpha and Beta pools are mixed while the Gamma pool contains its own reserve of reliable, verified, private coins that are unmixed with the other reserves. Deposits made to any of the pools result in clean bitcoin that is untraceable. To provide more convenience to BestMixer users there is a TOR-version of their website: http://bestmixer7o57mba.onion/en

BestMixer.io is not just for bitcoin as it also functions as an ethereum mixer and handles litecoin and bitcoin cash just as easily. Few mixers can boast of handling such a wide variety of cryptocurrencies, and none can compete when comparing commission fees which start at the low of .5% for the Alpha pool and decrease to .25% when using the service’s cumulative code.

—

Clearnet: https://bestmixer.io/

TOR: http://bestmixer7o57mba.onion/

Youtube: https://www.youtube.com/watch?v=ZHYDTKpTkCs

Bitcointalk thread: https://bitcointalk.org/index.php?topic=3140140.0

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

The Satoshi Revolution: A Revolution of Rising Expectations
Section 3: Decentralization
Chapter 8, Part 4
Crypto and the Impossibility of Knowledge in Planning

Bitcoin…is better understood using the conceptual lens of the Catallaxy: participants in Bitcoin spontaneously form a decentralized monetary and financial ecosystem, collectively choosing Bitcoin as a medium of exchange and store of value. Bitcoin is…an irrefutable demonstration of spontaneous order in action.

—Francis Pouliot

Cryptocurrency is a perfect example of catallaxy and of a remedy for its polar opposite: central planning. The opposites are at war, of course.

The concept of “catallaxy” is similar to that of “spontaneous order,” but the latter concept can be broadly applied to most areas of life. Catallaxy applies specifically to how economic order emerges in a system through the uncoordinated and diverse actions of individuals who pursue their own self-interests. The social theorist Friedrich Hayek defined it as “the order brought about by the mutual adjustment of many individual economies in a market”.

The obscure term captures a dynamic that is essential to the creation of civilization: cooperation. If human beings are to rise above the level of Robinson Crusoe or savagery, then they must interact to mutual advantage. Historically, the “cooperation” is usually orchestrated by a central authority-a government, a tribal leader, a religion-that negates the voice of the individual. One reason people agree to be silenced is because they worship the authority, which makes them willingly or unthinkingly sabotage their individualism.

And yet, human beings are conflicted. Most hope to be the type of person who would stand between a lynch mob and the black man it is hunting. There is a yearning to be heroic and unique, even if it is expressed by standing in a crowd in which everyone yells, “I am unique!” This is not always hypocrisy. It is often a conflicted but honest response to two antagonistic urges: worship of authority; and, the need to feel real as an individual.

Recent centuries have given us a new paradigm of how cooperation creates civilization-a paradigm other than control from on high. Civilization rises from the grassroots. It arises through the uncoordinated and voluntary association of individuals and groups. It comes from catallaxy, which is sometimes called “catallactics.” The concept was a long-sought-after intellectual breakthrough that allowed free-market advocates to explain the evolution of society without a central authority.

In his masterpiece Human Action, Ludwig von Mises attributed the concept’s origin to the 19^th century economist and academic Richard Whately who wrote, “A[dam] Smith, indeed, has designated his work a treatise on the Wealth of Nations; but this supplies a name only for the subject-matter, not for the science itself. The name I should have preferred as the most descriptive, and on the whole least objectionable, is that of catallactics, or the ‘Science of Exchanges’.” Whately sought what Mises called praxeology-the science of human action-but he focused on economics.

Digital currencies are the most fascinating example of economic spontaneous order that has occurred in decades. It may not seem to be grassroots economics because it is so technologically sophisticated, but it is as grassroots as it gets. As a practical matter, however, free-market crypto stumbles over an obstacle. Users still buy into the trickle-down version of organization, and they tend to surrender their independence to centralized exchanges that function as central banks. Like banks, the exchanges maintain control of deposits, which is de facto ownership, and they report all transactions to the government. People are free to choose for themselves, of course, but central powers inevitably violate the principle of free choice by banning anything that competes with them for power or money.

Thus, the ideological struggle within crypto is between centralization and decentralization. Governments need the first to control the economy; individuals need the second to achieve financial independence. There can be no compromise between the two because they are antithetical. But, as a matter of brute reality, both operate side by side within most societies because they each satisfy a competing urge within many human beings: a desire for authority, and a desire to be free. Authorities benefit tremendously, of course, and their motives are clear. But they could not prevail if a sufficient percentage of the population did not agree enough to go along.

Both government and the free market provide conflicting models for social order and civilization.

No one championed the free-market dynamic more vigorously than Hayek. He  argued persistently against what he called “constructive rationalism”-the belief that social order should be constructed by a central authority. He argued that it should not be but also that it could not be constructed. All that could emerge was government-imposed order, which was the opposite of social order. Hayek’s definition from The Constitution of Liberty: “Order with reference to society thus means essentially that individual action is guided by successful forethought, that people not only make effective use of their knowledge but can also foresee with a high degree of confidence what collaboration they can expect from others.”

Hayek’s arguments differ from the usual crypto critique of trusted third parties because he does not dwell on the corruption of the system. He focuses on its disutility. Satoshi Nakamoto’s White Paper also touches on the practical flaws of the central banking system, but Hayek differs from Satoshi as well. Satoshi offers precise critiques of real practices; Hayek offers fundamental critiques of the inherent inability of the system to provide what it claims. Another way to state this: conceivably, the faults addressed by Satoshi could be corrected because they are practices. The faults attacked by Hayek are insurmountable because they form the ideological foundation of central planning. 

Centralization Versus Decentralization

He knew first-hand the consequences of central planning, which he called rational constructivism. Hayek had witnessed the devastation of classical liberalism by two world wars, but especially by World War I, which broke the mold of the free market. Wartime governments clamped centralized control over the private sector to ensure the flow of armaments and other “necessary” goods. Governments inflated their monies to pay for massive military build-ups. And war strangled the flow of free trade that classical liberals considered to be a prerequisite to peace, prosperity, and freedom. In short, Hayek had watched as 20^th century statism replaced 19^th century classical liberalism. Central planning was the mechanism through which freedom had been destroyed.

In response, Hayek developed a sophisticated system of social theory to explain how the institutions of society naturally evolved from the bottom up, which meant they could evolve once more. He maintained that the natural institutions of society were the collective and unintended results of human action. Even complex social phenomena-such as religion, language, or money-were the unintended consequences of individual interactions. For example, no central authority decided to invent human speech, let alone to design a language as specific as English. Acting solely to achieve their own ends, individuals began making sounds to facilitate getting what they wanted from others, whether the goal was economic or more personal. Speech resulted from human action but not from human design, and it naturally evolved into language. The evolution may not have proceeded with scientific efficiency, but it was efficient enough to speed along the development of civilization. The efficiency of government programs suffer by comparison, to say the least.

Yet constructivists claimed that an unplanned society is chaos. With sufficient knowledge and a scientific approach, a perfectly efficient society could be engineered. No surpluses, no scarcities, no waste. Stock markets would not crash, and currencies would not fluctuate. Society could be designed so that its members walked in unison toward the same desirable social goals, just as they marched toward victory in war.

Hayek bluntly stated that the knowledge constructivists sought is unattainable. It is not possible to plan the dynamics of tomorrow based on yesterday; predictions may be possible but knowledge is not. It is impossible because people and circumstances are erratic. Even a small thing, like the price of bread yesterday, does not give knowledge of the price tomorrow or what a person will be willing to pay. The price of bread might skyrocket due to a shortage, or the person might value the loaf differently. Using yesterday to engineer tomorrow goes against a fundamental tenet of human action: the principle of inevitable change. Human beings are fundamentally different from the physical objects examined by the hard sciences. A scientist can learn everything he needs to know about the behavior of an object, and the information might not change over time. But human beings act on psychological factors and motivations that are hidden, often from themselves. Society does not consist of objects that can be neatly categorized and made to obey the laws of science. Society consists of unpredictable individuals who react to changing circumstances.

In Human Action, Mises commented, “Human action originates change. As far as there is human action there is no stability, but ceaseless alteration…The prices of the market are historical facts expressive of a state of affairs that prevailed at a definite instant of the irreversible historical process….In the imaginary-and, of course, unrealizable-state of rigidity and stability there are no changes to be measured. In the actual world of permanent change there are no fixed points…”

Conclusion

Throughout the work of Hayek and Mises, two closely related concepts emerge again and again: methodological individualism, and spontaneous order. The two concepts are an essential part of the ideological backbone that forms the structure of cryptocurrency. They also explain why the explosion of freedom brought by crypto was so unexpected. It sprang from individuals and from freedom of action.

Cryptocurrency resembles the lone-gunman theory. History stumbles along a fairly steady, though not necessarily salutary path. Then a lone gunman jumps out of nowhere and shoots Archduke Franz Ferdinand of Austria, or some other prominent figure. In the case of Franz, the assassination sparked WWI. History changed forever.

The centralized financial world was stumbling along a path until crypto jumped out of the bushes and assassinated the banking system. Economic history changed forever, and it cannot be undone. But, to understand the power and potential of crypto, a clear sense of spontaneous order is necessary. The free-market model of freedom and the institutions it requires depend upon it.

[To be continued next week.]

Reprints of this article should credit bitcoin.com and include a link back to the original links to all previous chapters

Wendy McElroy has agreed to ”live-publish” her new book The Satoshi Revolution exclusively with Bitcoin.com. Every Saturday you’ll find another installment in a series of posts planned to conclude after about 18 months. Altogether they’ll make up her new book ”The Satoshi Revolution”. Read it here first.

 

The post Wendy McElroy: Crypto and the Impossibility of Knowledge in Planning appeared first on Bitcoin News.

Bitcoin Press Release: Skywire is a blockchain-based service that believes in making the internet as transparent and easily accessible as possible. By restructuring how the world wide web connects people, it is going to revolutionize the global connectivity of people.

25 May, 2018 – Today, anyone who has a bit of knowledge of the internet has heard of TCP/IP(Transmission Control Protocol and Internet Protocol), which is the method of handling data packets on the internet. TCP is a speed-handling system by which data packet loss is controlled and IP is a routing handling system for data transmission. These two protocols are now more than 40 years old and in dire need of an overhaul.

The Power Of Skywire Mesh Networking

Skywire is a blockchain-based internet service that removes the aging centralized protocols used for today’s internet. This mesh network consists of thousands of nodes that connect to each other directly for forwarding and routing of internet traffic. This creates a spider web-like network or mesh that is more stable, secure and faster than the current world wide web. The Skywire mesh network functions very differently from the traditional TCP/IP system, creating a decentralized and better-distributed network.

Skywire deploys an updated protocol suitable for its network, called Multi-Protocol Label Switching. With MPLS, routes are predetermined and allow for scalability and high performance of data transfer across any medium. MPLS also enables powerful privacy functionality as each node on the network can only see the previous node and the next jump for the data packet. This is far more secure and private compared to IPV4 and IPV6 protocols, where anyone can view the origin and the destination of the data being sent.

Skywire Is Cheap Too

The Skywire network creates a new internet for the new world utilizing the latest generation of blockchain technology. An internet built by the people and for the people away from the centralized stronghold that legacy ISPs have on the world’s internet services. Currently, most people are forced to choose from only one or a limited number of internet service providers within their geographical area. This allows for exploitation when the ISPs can charge whatever they want and average users have no choice. Until now.

With tens of thousands of nodes around the globe in the Skywire mesh network, users will have the choice to connect to any of their preferred nodes, paying only for the bandwidth they use, and being paid for the bandwidth they provide. This will drive down internet costs and put control back into the hands of the user. Users will become their own internet service providers, receiving payment for the services they provide, and paying only for the services they wish to use. Skywire is creating an internet that is significantly less expensive than anything being offered by traditional services.

Skywire Testnet Release

Skywire released its testnet services on 22nd May, 2018. This initial software will allow users to test the capabilities of a decentralized internet, giving a peek into what the Skywire ecosystem will be going forward.

During the testnet phase, Skyminers (the hardware telecom backbone of the Skywire mesh internet) with stable nodes and an uptime of at least 75% per month will be directly rewarded with Skycoins as a way of saying thank you for their participation from the Skywire team in this initial essential phase of building the new internet.

Self-built DIY miners from the community are also eligible to participate, subject to confirmation of application and will be approved on a first come, first served basis.

To learn more visit the Website: https://www.skycoin.net/
Read the White Paper – https://www.skycoin.net/whitepapers/
Chat with us on Telegram: https://t.me/Skycoin
Connect on Twitter – https://twitter.com/skycoinproject

Media Contact
Contact Name: Danish Chaudhry
Contact Email: [email protected]

Skycoin 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.

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CoinDesk gives our best guess of how the distributed launch of the much-anticipated EOS software can be expected to unfold.

“It’s about being demand driven instead of supply driven.”

The world’s third largest crypto exchange Huobi has partnered on a $93 mln China-South Korea investment fund for blockchain companies

Blockchain-based cryptocurrency ecosystem Beldex has announced a new platform to offer a dynamic range of services centered around its privacy coin. Beginning with a transport service, Beldex hopes to offer something unique to stand out from the crowd, with later aims to expand into other industries.

A cross functional platform outside the box

The team behind Beldex seeks to transform the current ecosystem of cryptocurrency by applying practical uses to it, chiefly through the desire for users to maintain privacy of data while conducting transactions. As such, Beldex Coin’s privacy and untraceability features are suited for multiple use on the Beldex platform, for transactions that are both traceable and untraceable.

The Malaysian startup’s first service is a taxi booking service called Bel Trips, that allows for automatic price rate setting at various times and locations. Thanks to decentralization and blockchain, prices can be more efficient by aggregating offers made by users and accepted by drivers.

It is yet another demonstration of how blockchain and big data can mould the future of modern living, with use cases for cryptocurrency seeing wide ranges internationally.

This, along with a delivery service called Bel Needs, for delivery of items to remote local places, will represent the emerging Beldex Ecosystem. To augment these will be a Debit Card that lets users send and spend their funds even with merchants outside its network.

Utility and privacy on demand

Using a technology called Hexagonal Ring Xtensive Transactional Signatures, users have the option for sender privacy, whereby sender public keys that form the ring are mixed, obfuscating the original sender and utilizing Ed25519 curve’s Schnorr algorithm. Via the Pedersen commitment, transaction totals are also protected by ring confidential transactions, multiplying actual figures with random numbers.

The Beldex Ecosystem

The ecosystem in its current shape consists of:

1. Bel Trips, which leverages the $44 billion global cab industry with a CAGR of 8.47%. Decentralization is expected to double that value in the next five to eight years.
2. Bel Needs, which allows for efficient deliveries to a widespread, hyper local consumer base. An untapped market as of yet, the potential for profitability via decentralization looks to meet the barter-style demands of Beldex Coin holders.
3. Beldex Debit Card, which holds true value within the ecosystem and has the potential to make funds even more useful than local fiat, allowing users and service providers to store, save and spend Beldex Coins securely.

With a priority on liquidity, coin holders can expect to benefit from rewards en route to Beldex Coin becoming the most sought after Blockchain Fuel for businesses and services.

The Beldex private token sale is ongoing for the entire month of May 2018, allowing anyone in the world to own their share of the Beldex ecosystem for a discounted price of $0.13 per Beldex Coin, after which prices will rise incrementally until a base rate of $0.25 per coin during the public token sale in August.

To learn more about the company, visit the website and read the whitepaper. To follow developments, join up on Twitter, Facebook and Telegram.

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For many new entrants to the crypto sector, industry jargon can present a daunting barrier to entry. This is particularly true for those hoping to trade crypto assets for profit. This article defines many of the most commonly used terms in crypto trading today