Day: June 3, 2018

China Central Television aired an hour-long program on Sunday aimed to educate the public about the concept, potential and risks of blockchain.

Slovenia’s largest shopping destination is implementing strategies to become a “genuine Bitcoin City.” Coincidentally named BTC City already, the complex stretches 475,000 square meters and is filled with 500 retail stores. It was recently visited by the country’s prime minister who got acquainted with its bitcoin strategy. During his visit, the state secretary bought him a cup of coffee using cryptocurrency.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Prime Minister Visits BTC City

The Prime Minister of Slovenia, Miro Cerar, recently visited BTC City, a sprawling, 475,000 meter-squared commercial business and shopping complex in the capital city of Ljubljana.

Fintech startup Eligma has created a point-of-sale system which is being used in a number of retailers in BTC City, in an effort to convert it into a “Bitcoin City.” Describing the commercial complex as “a business and shopping ecosystem based on the latest technological solutions including blockchain, AI, and cryptocurrencies,” Eligma elaborated:

The purpose of his visit was to open the Beyond 4.0 international conference, dedicated to digital society and blockchain, as well as to get acquainted with BTC City’s strategy to become Bitcoin City.

During the morning meeting, Cerar received “a cup of ‘crypto coffee’ bought for him by Slovenian State Secretary Tadej Slapnik through the Elipay cryptocurrency transaction system,” the startup described.

The first successful use of the Elipay wallet at the city was to pay, using bitcoin, at the complex’s waterpark in April. Eligma added that the app would also be able to use bitcoin cash and Elipay’s own loyalty rewards token in the near future.

BTC City to Become a ‘Genuine Bitcoin City’

Founded in 1954 as a warehouse and logistics enterprise, BTC company added many warehouses in the northeast of Ljubljana over time. In 1990, the complex was repurposed as a commercial shopping area and adopted the name BTC City. Ever since it has added large commercial ventures including a hotel, a sports complex, a casino, a multiplex cinema, a water park, and the tallest building in Slovenia, the crystal palace office park. With over 500 retail shops, BTC City’s website describes itself as “famous for being the largest and most popular European business, shopping, recreational/leisure and cultural center” in the country.

With the latest initiative is to convert BTC City into “a genuine Bitcoin City,” the company claims that the new entity is:

The first of its kind in the world to provide its visitors, consumers and business partners with an ecosystem that will develop and integrate advanced technologies based on state-of-the-art approaches (blockchain, AI, VR [Virtual reality], AR [Augmented reality], ML [Machine Learning] and the world of cryptocurrencies).

BTC company believes that “Bitcoin City will create an open society which will enable users to pursue their missions as well as develop their business environments in line with their wishes, needs, and operating policies.”

According to the plan posted on BTC City’s website, Eligma’s Elipay is already installed in a number of stores within the city such as Atlantis water park, Al Capone, Babadu, Bijoux modni dodatki, Big Bang, istyle, Vodno mesto San Martino, Sneakers, Minicity, and Kibuba. There are also some one-way cryptocurrency ATMs on the premises, as well as a Blockchain Think Tank and the “biggest crypto mining rig in Slovenia.”

BTC company emphasized:

The development of BTC City into a Bitcoin City is an important step towards the realisation of BTC’s openness-oriented strategy, providing its customers and business partners with freedom and choice regarding their purchases with new forms of payment.

What do you think of BTC City turning into a Bitcoin City? Let us know in the comments section below.

Images courtesy of Shutterstock, Total Slovenia News, Wikipedia, Eligma, and BTC company.

Need to calculate your bitcoin holdings? Check our tools section.

The post BTC City – Slovenia’s Largest Shopping Center to Become a ‘Genuine Bitcoin City’ appeared first on Bitcoin News.

EOS is launching its own native blockchain after a year-long initial coin offering (ICO) which raised USD 4 billion, the largest ICO in history. Up until now, EOS has been a simple ERC-20 token that uses the Ethereum blockchain and had no accompanying technology that made it special.

Despite the lack of underlying unique technology, speculation has caused EOS to become the 4th most valuable cryptocurrency behind Bitcoin, Ethereum, Ripple, and Bitcoin Cash with a market cap of USD 13 billion and daily trading volume in excess of USD 1 billion.

Finally, block.one, the company that started EOS, has released EOSIO, an open-source software that claims to contain all the blockchain technology promised during the EOS ICO. Due to the risk of multiple EOS blockchains launched simultaneously, the EOS Authority is tracking the launch of the main blockchain and will give official word when the actual EOS network is operating, slated to occur around 5 June 2018.

Exchanges have frozen EOS deposits and withdrawals until the new blockchain is up and running, while users are advised to stop transacting EOS for the time being. Right now, EOS is migrating from the Ethereum blockchain to its own blockchain, the essential equivalent to a hard fork, with users potentially losing funds if not migrating properly.

EOS promises to be a platform for the commercial development of blockchain applications. EOS aims to be an entire operating system allowing for easy development and maintenance of blockchain applications, which has the potential to increase blockchain technology adoption and use if it lives up to its promises.

EOS will have the fastest transaction confirmation time out of any major cryptocurrency, at a mere 0.5 seconds between blocks. Also, there won’t be transaction fees for users depending on how much EOS they stake; in return for staking EOS and maintaining and securing the network, they get free transactions.

Theoretically, EOS could reach millions of transactions per second with no transaction fees, solving the cryptocurrency scalability problem. This is a long-term issue that Bitcoin has been dealing with, it currently can only handle up to 10 transactions per second, with transaction fees going as high as USD 50 in the past at peak demand.

Voting will be integrated into the EOS protocol, allowing for changes to be made to consensus mechanisms without a hard fork. This solves another deficiency of traditional blockchains, whereby changes of protocol can only be done via controversial hard forks.

The EOSIO software could be technology that will advance the world of blockchain applications. Only time will tell though, first its blockchain has to launch and function correctly.

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Deep into that darkness peering, long I stood there wondering, fearing,
Doubting, dreaming dreams no mortal ever dared to dream before.

Lifestyles of the Poor & Famous

On January 29, 1845, Edgar Allan Poe became an overnight sensation with the New York Evening Mirror’s publication of a poem that still thrills and haunts readers, listeners, and viewers to this day.

Despite the overwhelming popularity of The Raven, it netted Poe a total of $24; over half of that amount was a charity that he received for what may have been a draft. Adjusted for inflation, his literary masterpiece netted him a total of $754.91 in 2018.

To put this in a contemporary context, think about an international chart-topping single, say Taylor Swift’s Shake it Off. It’s hard to imagine Ms. Swift selling that track, rights and all, to a record label for a little over $750.

The Raven went viral, first in the US, then in Europe. It has become so deeply ingrained in the contemporary culture that we’re still reciting, remixing, and reimagining it in various media to this day.

Poe’s exquisitely crafted poem may have won him recognition, but his writing failed to earn him superstar riches. Poe’s lifetime earnings for 20 years’ worth of poetry, prose, and non-fiction amounted to $6,200, or $195,018 adjusted for inflation.

That’s about $9,750 per year – probably the sum that Taylor Swift makes as she sings Shake it Off at one of her shows. That may be stretching the truth, but not by much.

Unjust rewards – Nevermore!

The writer’s financial distress had a profound effect on Austrian producer and composer David Brandstaetter. “Poe’s work, especially The Raven and Annabel Lee, has always inspired me,” says David, “He not only wrote some of the most famous poems of all time, he also established the foundations of the detective story and science fiction!”

David was shocked when he first learned about the pittance the writer received for The Raven. It got him thinking about the hurdles that many of today’s creatives must overcome in order to earn a living, such as copyright infringement and fair payment.

Experience as a sound designer at Rockstar Games Vienna and as a producer at Sony DADC gave David a deep understanding of the wants and needs not only of content creators, but also of creative teams, project managers, and consumers. It became clear to him that the digital content industry needed a platform that facilitated the production and distribution processes.

Qravity’s Rainbow

In February 2016, David founded Qravity to help bring original content to market. Soon, a working version of the Qravity platform was ready for testing. “In July 2017, we had a unique collaboration and communication tool for creative teams,” says David, “Qravity also tracks tasks in such a way that creative members receive stakes in the content they help make. For example, a person who writes lyrics for a song gets a share, say five percent, of the song’s revenue. Every time someone buys that song, the lyricist gets five percent of that payment.”

Qravity needed a secure and transparent means of keeping this process equitable. There was also the matter of protecting copyright and preventing piracy. “I was speaking with my friend and business partner Sascha Dennstedt [Qravity’s Co-Founder and CFO] about Poe and how, in some ways, little has changed financially for artists,” says David, “He said that we should integrate blockchain into Qravity. Some research convinced me that this made perfect sense.”

Using smart contracts, Qravity provides creatives with immutable and transparent records of their stakes in the projects they help complete. They receive these records in the form of digital tokens called QPT. Based on the amount of QPT they hold, Qravity sends creators a share of revenue earned whenever the content they helped make is purchased. They receive these payments in the form of Qravity’s cryptocurrency, QCO.

So if our lyricist has a five percent stake in the song he penned, a 1 QCO song earns him 0.05 QCO, which he can then trade on crypto exchanges, or spend in the Qravity marketplace.

Decentralization for Fair Payment

“[The Raven] will stick to the memory of everybody who reads it.”

— Nathaniel Parker Willis, Editor, Evening Mirror

The creation of art that transcends cultures and achieves a sort of immortality is one of the greatest achievements to which one can aspire. But such greatness does not pay the bills.

Qravity’s decentralized content production and distribution platform is on the verge of helping creators own and profit from their work. In doing so, it aims to stimulate the continuous creation and consumption of premium digital content – forevermore.

Get QCO during the Qravity token sale.
Presale with 30% bonus: July 2-16, 2018.
Regular token sale: June 17 to September 5, 2018.

To learn more, visit www.qravity.com, read the Qravity white paper, or join the discussion in the Qravity Telegram group.

The post How Edgar Allan Poe Inspired a Composer to Build a Blockchain Platform for Creatives appeared first on NewsBTC.

China-based technology giant Baidu has announced the development of a new technology called Super Chain which it says is an energy-efficient blockchain protocol. In general, Baidu has been embracing and experimenting with blockchain technology. This news may indicate that Baidu is looking to release its own cryptocurrency.

Baidu is essentially the Chinese version of Google, and 76% of Chinese internet searches occur through Baidu’s platform. It has a stock market cap of USD 99 billion and is the first Chinese company to be included on the NASDAQ-100 index. Baidu has net income of CNY 18.3 billion (USD 2.85 billion), a little less than Google’s income of over USD 10 billion USD per year but still significant.

Super Chain is supposed to allow the easy addition and removal of consensus mechanisms from its blockchain. For Bitcoin and Ethereum, it is very difficult to change consensus mechanisms, since that requires a hard fork which can be quite disruptive.

According to Baidu, easy modification of consensus mechanisms can help solve the cryptocurrency mining energy problem. Currently, Bitcoin mining uses 70 TWh annually, 0.3% of all electricity usage in the world, and equivalent to the annual electricity usage of Chile. Bitcoin hash rate and electricity usage are rising exponentially long term, and is seen by some as negative for the environment or electricity prices if this trend is left unchecked.

Baidu says Super Chain will be able to process 100,000 transactions per second, far exceeding the theoretical maximu of 10 transactions per second that Bitcoin can process. The Bitcoin Lightning Network has been developed to possibly handle 100,000 transactions per second or possibly millions and billions, but this has yet to be realized and the technology is experimental at this point.

Although there weren’t many details included in Baidu’s Super Chain announcement, it is a strong indicator that it may be about to release its own cryptocurrency and could herald the beginning of other mega corporations developing their own cryptocurrencies.

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The post Chinese Tech Giant Baidu Develops ‘Super Chain’ appeared first on BitcoinNews.com.

Key Highlights

• ETH price traded further higher and tested the $635 resistance area against the US Dollar.
• There is a key bullish trend line formed with support at $612 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair has formed a double top pattern near the $635 level and it may decline further in the short term.

Ethereum price is trading with a positive bias against the US Dollar and Bitcoin. ETH/USD may correct in the short term after a key rejection from the $635 level.

Ethereum Price Resistance

There was a nice upside move in ETH price from the $580 support zone against the US Dollar. The price moved above the $600 and $610 resistance levels to trade further higher. It even succeeded in surpassing the $630 level. However, sellers appeared around the $635 resistance and the price failed to retain traction. A high was formed near $637 before the price started a downside correction.

It declined below the 23.6% Fib retracement level of the last wave from the $588 low to $637 high. However, there are a few important supports on the downside above the $610 level. There is also a key bullish trend line formed with support at $612 on the hourly chart of ETH/USD. Moreover, the 50% Fib retracement level of the last wave from the $588 low to $637 high is near the $612 level to prevent declines. Therefore, a downside break below $612 and $610 won’t be easy in the near term.

Looking at the chart, it seems like the price was rejected twice near the $635 resistance. Therefore, there are chances of a double top pattern near $635, which could result in further losses below $612. A downside break below $612 may perhaps signal a confirmation towards the next support at $600.

Hourly MACD – The MACD is slowly moving in the bearish zone.

Hourly RSI – The RSI is moving lower towards the 50 level.

Major Support Level – $612

Major Resistance Level – $635

The post Ethereum Price Analysis: ETH/USD Forming Double Top appeared first on NewsBTC.

In the early hours of Sunday morning (UTC time-zone), ZenCash, an upcoming privacy coin, came under a 51% attack.

Another One Bites The Dust

According to the official ZenCash blog, at approximately 2:43 UTC on June 3rd, ZenCash became the target of a 51% attack.

For the uninitiated, a 51% attack is when a malicious person or group takes control of a blockchain through obtaining over 50% of the hashrate, allowing for the hacker(s) to take control of the network.

However, ZenCash’s team was ready for a situation like this to occur.

The team quickly initiated an investigation on the hashrate distribution to confirm that it was, in fact, a 51% attack. While hash rates were being investigated, other members of the ZenCash team simultaneously contacted exchanges to increase confirmation times to help mitigate the risk of a double-spend.

Once the investigation was finished, the ZenCash team still found that there were two double-spent transactions. This meant that the hacker, whoever it was, was permitted to spend their 19,000 ZenCash two times, effectively doubling the worth of their ZenCash.

At current market values, the over 19,600 ZenCash which the hacker double-spent is worth around $558,000, not a figure to laugh at.

ZenCash’s price took a hit in direct correlation with the 51% attack. Just after the hack, ZenCash was from $30 to $28 and still has not fully recovered even though the attack has concluded.

According to the aforementioned blog post, ZenCash ensured that all user funds were safe and encouraged worrisome investors to contact exchanges if deemed necessary.

The blog also mentioned that the team is also working with the exchange affected by the double-spend in an attempt to figure out who the hacker was;

The Zen team will continue monitoring the network and conducting forensic analysis with the affected exchange. All information gathered will be provided to the appropriate authorities.

How Did This Happen?

Due to the increasing number of PoW blockchains, it has become increasingly difficult to secure every single blockchain, as hashing power begins to spread thinly on some algorithms.

Although ZenCash is still a relatively large cryptocurrency compared to some, the hashing power of ZenCash could still be taken over if enough money gets thrown at the problem.

At the time of the hack, the ZenCash blockchain was utilizing over 58 MSols/s. Although this is still a respectable number, it is likely that the hackers rented out a large amount of hash power through a service like NiceHash.

Seeing as the hacker got away with over $550,000 worth of ZenCash as a result, it is fair to assume that the attack cost less than the value of their ZenCash.

These types of attacks have become quite common over the past month, with Verge, Bitcoin Gold, and Electroneum also falling suspect to this method of attack. Due to these attacks, many of these coin’s values took a large hit and still have not recovered.

Unless a network is secured by an absurd amount of hashrate like Bitcoin, Ethereum, and ZCash it is difficult for developers to fully secure a blockchain against a 51% attack.

Image from Shutterstock

The post Another Cryptocurrency Experiences 51% Attack, Following Bitcoin Gold and Verge appeared first on NewsBTC.

Key Points

• Bitcoin cash price started a nice upside move and traded above the $1,100 resistance against the US Dollar.
• There is a key ascending channel formed with support at $1,170 on the hourly chart of the BCH/USD pair (data feed from Kraken).
• The pair may correct a few points in the short term before it makes another upside move towards $1,220.

Bitcoin cash price is trading nicely above $1,100 against the US Dollar. BCH/USD remains in an uptrend and it could eye an upside break above $1,200 in the near term.

Bitcoin Cash Price Trend

The past few sessions were pretty bullish as bitcoin cash price started an upside ride from the $1,040 swing low against the US Dollar. The price surged higher and broke many hurdles on the way up, including $1,100. It even managed to clear the $1,180 resistance and spiked above the $1,200 level. A high was formed at $1,209 before the price started a downside correction.

An initial support is around the 23.2% Fib retracement level of the last wave from the $1,075 low to $1,209 high. There is also a key ascending channel formed with support at $1,170 on the hourly chart of the BCH/USD pair. The pair remains in an uptrend as long as the price $1,100 pivot level is intact. Below the channel support, the next support is near the 50% Fib retracement level of the last wave from the $1,075 low to $1,209 high at $1,142. However, any major correction from the current levels is less likely, especially below $1,140.

Looking at the chart, the price is in a nice uptrend above $1,100. On the upside, the price could once again break the $1,200 barrier for more gains towards $1,250.

Looking at the technical indicators:

Hourly MACD – The MACD for BCH/USD is signaling more upsides in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BCH/USD is currently correcting lower towards the 55 level.

Major Support Level – $1,140

Major Resistance Level – $1,200

The post Bitcoin Cash Price Analysis: BCH/USD Zooming Higher appeared first on NewsBTC.

“Convergence” means different things to different people in the blockchain space. But it’s a word that’s cropping up again and again.

FOMO Moments

Current performing altcoins are Bitcoin Cash, XRP, VeChain, and Lisk.

Many expected a reversal this Monday morning following a weekend of positive momentum but that has continued and markets are bullish at the moment. Total capitalization has been pushed back over $350 billion as $20 billion extra entered crypto markets over the weekend. Bitcoin has climbed slightly trading at $7,700 and Ethereum has made good gains of around 4.5% trading at around $620. Most of the altcoins are in the green during Asian trade this morning, but only one in double figures. The one leading the pack at the moment is Bitcoin Cash.

Coinmarketcap is reporting a 10.3% gain for BCH. Currently trading at $1,194 Bitcoin Cash is up from $1,085 this time yesterday. Over the past seven days BCH has made solid gains of 20% – this is impressive when compared to BTC’s gains which have only been 4% for the same period. On the month however Bitcoin Cash has taken a tumble with all other cryptos, falling from $1,475 by 19% to its current price. Against its big brother Bitcoin Cash is up 9% on the day to 15503300 satoshis. On the week however gains have been marginal as the satoshi level was very similar this time last Monday.

Gains have been steady and not pumps, indicating that there has been no single announcement to cause them. However a new version of HandCash, a Bitcoin Cash wallet app designed for ease of use and near field communications, was released over the weekend. The NFC feature allows people in close proximity to transfer funds without using wallet addresses or QR codes. The new update allows users to send and received just by mentioning the recipient’s ‘handle’ further simplifying and speeding up the transfer process. A newly launched application called Keyport has also lifted Bitcoin Cash. The platform utilizes the BCH network’s OP_Codes to allow users to send and accept encrypted messages built on top of the BCH chain and the Toku protocol.

Bitcoin Cash is traded on all major exchanges however OKEx is currently at the top of the list for volume. Total trade volume for BCH has increased almost 30% in 24 hours from $700 million to just over $900 million. Its market cap is currently $20.5 billion, $7 billion less than XRP in third spot.

Total crypto market capitalization has climbed for the fifth day in a row indicating a possible return of the bulls. The level currently stands at $352 billion, up 2.6% on the day. It has been a bullish week with total market cap climbing 8% since the same time last Monday. The monthly view is still a downtrend however. Other altcoins enjoying good gains during the morning’s Asian trading session include XRP up 8%, VeChain up 10%, and Lisk up 7%.

More on Bitcoin Cash can be found here: https://www.bitcoincash.org/

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and possible fundamentals.

The post Asian Cryptocurrency Trading Update: Double Figure Gains for Bitcoin Cash appeared first on NewsBTC.

Profit, profit,profit, that is the be all and end all for most organisations in the world today. Making money has become the number 1 focus for most people across the globe. Whether rich or poor, finances are usually one of the key factors that drives decisions in the majority of households.

There is a simple difference between the two sides of society, the haves and the have nots. The “haves” are looking for ways to either secure what they have or to add more to the pile as rapidly as possible. Whilst the “have nots” could be deciding between a new pair of trainers for their kids or buying food for 3 days. As you see on the news day by day, the gap between the two camps is growing day by day.

Social mobility is a phrase which means the opportunity to succeed in life, improve your lot, and climb out of poverty and into comfort. With the advent of the digital age it was claimed that the opportunity to become an entrepreneur, and build your own success, was becoming easier and easier. However, as the internet opens virtual doors the real world closes them. Simply having access to a world of information at your fingertips isn’t enough to guarantee any direct road to riches: especially given that taxes rise, wages shrink and banks have given up on offering any kind of fair rate of interest on people’s meager savings.

The differences between these groups of people, and their ability to make money, are quite huge; Even though they both live in relative comfort in cities and urban areas. Even if the ability to move into the next social sphere is within their reach, yet beyond them at the same time, they at least have easy access to the internet, and digital commerce, and can thus start to aim higher. People in poor rural areas have virtually no chance at all. They are not only limited by the daily grind of survival, but also by a massive lack of infrastructure to support any type of modern/digital life at all.

With all that has gone before there are still major changes that need to be made in this world before a truly level playing field is created. One thing that has seen an almost meteoric rise in popularity this past decade and which also looks to be a major equalizer, in digital terms, is blockchain technology. Blockchain first came to the world’s attention as a means to standardize and legitimize specific information points across various computers in an immutable and incontestable form. Initially created as a form of currency with the name Bitcoin, the technology underlying it has since been adopted into other areas outside of digital money (so called cryptocurrencies – coins) and into areas as diverse as medical records, on-line gambling, parcel tracking and a wide range of other sectors.

The coins can be created in two ways: either as a one off trenche of say 1-500 million/billion or as an initial batch of so many millions with the rest to be  “mined” from the blockchain later on. They are then sold to anyone that has an interest in the project (through an ICO) and at any rate desired ($0.003 to $10+) to reach the financial target to fund the project.

Once coins are created and sold  the money generated goes to the team that are running the project to fund the development of the product. The coins get released on to the open market to be bought and sold in much the same way as stocks and shares. The perceived value of the coins goes up and down based on supply and demand. Which, in turn, is directed by the project founders keeping to their outlined stages of development. As a result of this market movement in value, money has been made by both the coin creators and the subsequent holders and traders.

As I mentioned earlier It isn’t only the people that create the idea and sell the coins to market that are benefitting from this technology but also those that get involved in buying the coins as well. As more and more people recognise the intrinsic value in the Blockchain projects attached to the coins it creates a strong impulse to own the coins. Increasing interest in the coins causes their value to grow as they are bought and sold on decentralized cryptocurrency exchanges. As a means to generate wealth and success: blockchain technology, and the cryptocurrencies attached, is a real game changer for those involved.

And so it would seem it is becoming possible, and a little bit easier, to climb the social ladder, through the power of blockchain and cryptocurrency, at least if you live somewhere in an urban environment. But, what if you don’t? What if you are one of the millions of people that are living in relative poverty out in the middle of deepest rural india or China? How difficult is it for those people to make changes to their circumstances and move up their society?

In order for these people to get involved and help build their own future, something major will have to happen. Major things happening to modernise rural areas to allow digitisation and commercialisation usually involve 2 things: massive investment in infrastructure and destruction of farming or untouched countryside and forests etc..

At this point in time, most organisations looking at improving the lot of rural areas would on the one hand calculate the overall cost and on the other potential commercial gains. If there were sufficient gains to be made they would enter a fairly destructive process of laying cables across miles of land or building enormous radio transmitter stations.

When these types of “improvements” take place, it isn’t always with the best result for the indigenous people in mind. Even though they may gain connections to the modern world they usually end up losing farmland or parts of their surrounding countryside are destroyed. Sometimes the construction process can completely destroy local habitats and thoroughly disrupt entire local ecosystems. The local population, although posited as the end beneficiary, aren’t always prominent in the decision making process.

Up till now, nothing short of massively expensive satellite technology could provide communications in the very remotest of regions. Even the most money hungry global corporation lay out the required expense to reach those regions. All this can be very frustrating to see, equality is preached all over by lots of different people. Making a difference in the world is something so many people claim to want to do and yet still, so few really try to make a difference if they can’t make a profit. And so, the end result is the areas that most need communications infrastructure are simply neglected.

There is hope on the horizon though, all is not lost. A company called Invacio do seem to be at least attempting to make things work better for the less fortunate, and the disconnected, of this world. On the surface, they seem to be just the same as most groups getting involved in the blockchain revolution. They are a high tech focused company and they launched their own cryptocurrency, which will act as a means of payment/discount for their services, however, that is where the comparisons end quite abruptly. These guys are not messing around, they have 11 seriously brilliant divisions coming out. They have an already working artificial intelligence system that can be applied into virtually any sector of commerce or industry. They are also combining that same powerful AI with blockchain technology and also highly advanced zero-knowledge protocol communications technology all of this is absolutely brilliant, but not why I think they will improve the lives of people out in the wilderness

No, to see where they will really make a huge difference, you have to go to the very end of their business plan and take a look at a few paragraphs detailing the component parts to something they call Vadgama Blockchain.

Vadgama Blockchain works in the same way as any other blockchain system except it is entirely untraceable and works without direct access to the internet via a military grade secure radio frequency relay system (WeNet). I find it impossible to believe that these guys aren’t making so much more out of the fact they have this one magnificent technology alone… Nowhere else in the world have I seen a system so robust and flexible. It can provide enormously beneficial digital communication systems, in the deepest darkest most mountainous regions in the world. There are no huge infrastructure investments required. It can run off a simple walkie talkie if necessary or over a laser relay system.

Bouncing packets of data from one transmitter to the next until it reaches a connected terminal, there is no terrain that their system can’t circumnavigate.

Really, if you take nothing else from this article, remember the these three things.

Invacio are not messing around.

WeNet will deliver digital communications the world.

Vadgama Blockchain will make cryptocurrency global & borderless.

Invacio is trading on Bancor, Mercatox, and IDEX.

60m Total Supply, 47m Circulating Supply

Invacio’s Solutions :  

Invmail Zero Knowledge Coms solution | Live https://invmail.io

Agnes Predictions | Disabled https://agnes.Invacio.com

Data | Accessible but Disabled https://data.Invacio.com

Network | Live but Invite Only https://www.Invacio.com/login

Tamius | Wallet in Google Store (Phase 1) Apple Store Soon!

Aquila | https://aquila.Invacio.com enquiries to [email protected]

API | Disabled https://api.Invacio.com

CEAM | Coming Soon

Read about our products, solutions and our roll out here

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.