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BCH Devs Publish Bi-Directional Payment Concept Based on IPFS

December 17, 2018 |

BCH Devs Publish Bi-Directional Payment Concept Based on IPFS

On Friday, Openbazaar and Bchd developer, Chris Pacia, revealed a new Bchd project feature currently in the making that would allow for Bitcoin Cash-based bi-directional payment channels. Moreover, in contrast to the Lightning Network, the Bchd developers explained that the team has created an overlay network based on the Inter-Planetary File System (IPFS).

Also Read: A Look at Some of 2018’s Most Popular Cryptocurrency Traders

A Generic Overlay Network Based on IPFS Built for Bitcoin Cash  

BCH Devs Publish Bi-Directional Payment Concept Based on IPFSThe Bchd developer Chris Pacia has published a Medium post explaining a new bi-directional payment channel protocol for the Bitcoin Cash (BCH) network which they hope will be complete by early next year.

Pacia and fellow contributors at the Bchd project just recently published the client’s library and wallet. The following day, the programmers released the Neutrino wallet which can enhance BCH privacy. Bi-directional payment channels are used in unison with the Bitcoin Core (BTC) network which allows the Lightning Network (LN) participants to exchange micropayments. However, some people consider LN not very user-friendly and others have criticized its security due to routing complications. Instead, the programmers built a generic overlay network based on IPFS’s libp2p. IPFS is a network that enables a more decentralized peer-to-peer method of allocating hypermedia in a distributed fashion.

The open source Gcash overlay implementation, which is based on the modular network stack Libp2p, can be found on Github. According to Pacia, it offers features like extensible peer identities, encrypted and authenticated connections, protocol multiplexing, stream multiplexing, and distributed hashtable technology (DHT) techniques. The Gcash overlay section of the repository states that “using the overlay network in your app is dirt simple.” Further, the applications that could benefit from this type of overlay connection would be peer-to-peer gambling apps, atomic swap protocols, coin mixers, wallet-to-wallet communication, and basic payment channel protocols. There will also be Tor integration and at the moment Bchd developers need to connect Tor as an optional transport.

BCH Devs Publish Bi-Directional Payment Concept Based on IPFS

‘Nothing Stopping All Bitcoin Cash Apps From Being Interconnected’

The idea was well received by Bitcoin Cash proponents on r/btc, with many from the community offering Pacia feedback in regard to the protocol’s functionality. One commenter said that “Bchd is really making a run for best BCH implementation.” In the Bchd Medium post it links to some examples on how to “register a custom protocol, store and retrieve data from the DHT, and publish data over pubsub.”

The blog post continues:

There is also a compatible javascript version of libp2p that can run entirely in the browser. Making a javascript version of the overlay network should be really easy as the entirety of the library is only 614 lines of code.

The Bchd developers wholeheartedly believe there is nothing that can deter BCH applications from communication and interconnectivity. The programmers hope other developers are interested in pursuing this path and conclude that if people have any feedback to contribute or questions to feel free to reach out.

What do you think about the idea of an overlay network for the Bitcoin Cash blockchain that allows for bi-directional payment channels and DHT technology? Let us know what you think about this subject in the comments section below.


Images via Shutterstock, IPFS logo, Pixabay, and Bitcoin.com.


Want to create your own secure cold storage paper wallet? Check our tools section.

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Massive real estate scam based in Irvine bilked people out of $100 million, FTC alleges

November 8, 2018 |

The Federal Trade Commission announced Thursday that it’s looking to shut down the “largest overseas real estate investment scam” it has ever encountered: an unfinished luxury development in Belize whose owners, the agency said, bilked people out of more than $ 100 million.

The scheme’s perpetrators…


L.A. Times – Business

PR: CrowdForce Launches ICO For Blockchain Based Agency Banking & Data Collection Platform

September 28, 2018 |

CrowdForce Launches ICO For Blockchain Based Agency Banking & Data Collection Platform

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

94% of Transactions are done offline and 3 billion people are underbanked and unbanked in Emerging Markets

“CrowdForce” Announces Launching of ICO For Their Blockchain Based Agency Banking & Data Collection Platform

Mahe – In 2016 Alphabet’s CEO, Eric Schmidt predicted that “the next $ 100 billion company will be driven by crowd-based solutions.” CrowdForce is leveraging blockchain, mobile technology and a crowdsourced agent network to bring the next billion consumers to the digital economy.

The journey to “CrowdForce” began three years ago when we at MobileForms identified two of the major problems facing Emerging markets was the inability to gather reliable and verifiable data (micro tasks) and a means of delivering financial and digital services to remote communities (microservices).

Developed countries across the world have agencies and large infrastructures which gather and verify data, and these took years as well as billions of dollars to establish. Emerging markets do not have the luxury of years and billions of dollars required to catch up with the infrastructures that have been put in place in developed countries. The “CrowdForce” Team realised that what they need are tiny collections of humans and devices spread out across the countries building trust and working together in a collaborative manner to bring everyone to the digital economy.

This realization birthed the movement that is “CrowdForce”. The “CrowdForce” platform uses mobile technology and the largest agent network to help businesses, banks, Digital wallets and exchange companies scale to the next billion underserved population in emerging market.

The “CrowdForce” project provides a viable solution for market research, economic development, financial inclusion and blockchain penetration in Emerging markets by using online and offline mobile technology and a network of merchants and agents that are properly empowered and incentivized to render micro tasks and services in their area.

The “CrowdForce” field agent network works with the “CrowdForce” platform which allows businesses, banks, digital wallets, crypto exchanges and developers to set up micro tasks and services. These will instantly be made available to all agents on the network via the application on the merchants’ phones or POS systems.

The “CrowdForce” Pre-sale begins on September 15, 2018, while the Tokensale commences on November 12, 2018 and will run for 4 weeks. The goal is to secure funding to finalize the development of the “CrowdForce” platform, as well as drive adoption of the platform across all Emerging markets.

For complete information, please visit: https://token.crowdforce.io/

Press Contact Email Address
press@crowdforce.io

Supporting Link
https://token.crowdforce.io/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Facebook document dump reveals it shared data with 52 companies, some based in China

July 2, 2018 |

Facebook has revealed that it shared user information with 52 companies that manufacture hardware and software, including some based in China.
FOX News

PR: Essentia.one Earmarks $11m to Foster Development of Projects Based on Its Protocol

June 20, 2018 |

Essentia.one Earmarks $  11m to Foster Development of Projects Based on Its Protocol

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

The decentralized interoperability protocol Essentia is set to launch a fund valued at over $ 11 million to expand their ecosystem and incentivize projects to be built on top of the platform.

The fund will drive development of a thriving program to accelerate real world adoption of blockchain technology, based around Essentia’s enterprise-oriented solutions, while forging close ties with the community, without whom we could not have reached this stage. Over the last few months, we’ve been privileged to meet many of you at conferences and blockchain events around the world, and have relished the sense of camaraderie and the enthusiasm you’ve shown for the decentralized systems we’re building. Your interest is clearly visible in the dAppstore as well, where you keep voting for the best applications to be integrated to the framework. We’ve also been grateful of your support in participating in the Essentia pre-sale and forthcoming public sale, which commences on June 25. In the meanwhile check out 10 reasons why Essentia is worth the wait!

Upon completion of our public sale, the hard work doesn’t stop. In fact, that’s when we kick things up a notch with the launch of the Essentia $ 11M fund. In the coming weeks and months you’re going to see a range of new initiatives introduced including:

EssCons: A series of Essentia conventions for developers, businesses, community members and anyone interested in engaging with the Essentia ecosystem. These events will be held regularly throughout the year, starting in Kiev on July 25th.

ESS Local Meetups: A more informal series of events will take place in major cities throughout the world including Kiev, Amsterdam, London, Seoul, Hong Kong/Shenzhen, Tokyo and Berlin. These will provide a chance to exchange ideas and interact with other Essentia supporters in a relaxed setting.

ICO Competitions: The Essentia framework will also serve as a launchpad for ICOs. To spearhead this initiative, we’ll be launching a number of ICO competitions in a bid to uncover the best tokenized projects, with our first event taking place in Amsterdam in August.

ESS Hackathons: We can’t wait to discover some of the applications for Essentia’s open source protocol that developers dream up. To nurture dApps and other integrations built on the Essentia protocol, we’ll be hosting our first hackathon in August, and inviting teams to participate.

ESS Incubator: The projects that demonstrate the most potential and real world application will be supported through mentoring and grants provided by the ESS Incubator. We’ll take these teams under our wing and help them to create dApps built on top of our protocol and then deeply integrate these into the Essentia framework.

We’ve already announced details of some of the projects we’re supporting, including ORCA, whose app is being integrated into our protocol. Aside from this and our partnerships with MTK and Finland, we have a number of other major partnerships that we’ll be releasing details of soon. With the aid of the ESS Incubator, expect to see future integrations of DEXes, blockchain enterprise solutions, GDPR compliancy provisions, logistics management platforms and much more.

The Essentia Ecosystem and Community Program will be driven by the same principles that define blockchain technology: visibility, transparency, and accountability. We promise to communicate regularly as we embark on the next phase of our journey, and to solicit the advice and ideas of our developer community, whose input will be critical in helping us realize our goal of connecting the decentralized web and making it accessible to all.

At Essentia, we’re not interested in merely paying lip service to the concept of community: engaging with and growing our global network of supporters and developers is of paramount importance to us. We have every intention of maintaining the momentum we’ve acquired in the run-up to our crowdsale, as we move into the next phase of Essentia’s evolution, with our sights firmly set on establishing a thriving ecosystem built upon distributed, decentralized technologies.

To be a part of their growing community join their Telegram channel.

Contact Email Address
matteo@essentia.one
Supporting Link
www.essentia.one

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Essentia.one Earmarks $ 11m to Foster Development of Projects Based on Its Protocol appeared first on Bitcoin News.

Bitcoin News

PR: Bcshop.io Launches Ethereum Based E-Commerce and Payments Platform

June 4, 2018 |

Bcshop.io Launches Ethereum Based E-Commerce and Payments Platform

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

In rapidly developing blockchain industry the lack of useful dApps is a vivid stopping factor for cryptocurrency mass adoption. There are little to no ways to use BTC, ETH or other crypto except for investments or speculations. Targeting exactly this problem, BCShop.io releases the platform where Ethereum ecosystem is provided with real utility value. Being available in test network for months, the product is finally launched in main network at https://bcshop.io/.

The platform opens up great possibilities for cryptocurrency users to buy and sell goods and services with amazing benefits Ethereum blockchain provides. Focusing on digital products at the start, BCShop.io will be expanding to all areas of e-commerce and payments with cryptocurrency tech and regulation evolution.

Available without any software installation and registration, the platform utilizes user’s Ethereum wallet address as one’s unique identifier allowing to access all functions via one of the most popular methods: Trezor, Ledger, Metamask, Keystore and private keys are supported. With pleasurable user experience in mind, BCShop.io aims to become one stop solution for new age of blockchain powered e-commerce and payments.

“We are not cloning Amazon or E-Bay adding native cryptocurrency support. We are reinventing e-commerce and payments enhancing it with amazing opportunities blockchain technology has to offer. Today BCShop.io platform already supports automated business logic and incredibly low fees, smart escrow and unforgeable reputation system, decentralized exchange integration and flexible payment and pricing options. There are even more features to be implemented after initial launch.” States BCShop.io CEO and Founder Vladlen Manshin.

Made available thanks to successful token sale, the platform utilizes its native BCS token at full capacity by providing exclusive utility benefits to token holders. Functions implemented right from the start include 50% fee discount for merchants, cash back reward program for buyers as well as alternative to ETH payment option. Token purchase can be made right at the BCShop.io website due to seamless decentralized exchange integration.

As main network has been launched, heavily focused on development BCShop.io company is now looking for strategic partnerships to further promote cryptocurrency mass adoption. Strategic cooperation regarding enabling cross chain payments for goods and services, on-chain and off-chain private data management, alternative blockchains supports, stable coins support and global promotion to target audience is of very high priority. Business propositions are highly welcomed at bcshop@bcshop.io.

Supporting Link
https://bcshop.io/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Ultra-low-cost Spirit Airlines to offer Wi-Fi for a fee that will rise or drop based on the route

May 12, 2018 |

Ultra-low-cost carrier Spirit Airlines announced plans to offer onboard wireless internet on all of its planes by next summer — a first for the carrier known for its low fares and fees for its a la carte services.

Spirit may also be launching a first among U.S. airlines by planning to charge a…


L.A. Times – Business

PR: Essentia to Become First Blockchain Based Solution from Finnish Government Through Collaboration with MTK

April 22, 2018 |

Essentia to Become First Blockchain Based Solution from Finnish Government Through Collaboration with MTK

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

It hasn’t been long since we offered the Dutch government a blockchain based solution for the border control issue, as we believe that introducing real world use cases is the way towards mainstream adoption of blockchain technology.

In March 2018, Essentia attended four meetings with representatives of the Finnish MTK organization, discussing possible ways of utilizing the Essentia framework.

As a result, after a month of brainstorming and discussions, it was agreed that Essentia would become the first blockchain startup to help the Finnish organization in its key objective of reducing the unemployment rate.

The Central Union of Agricultural Producers and Forest Owners (MTK) has announced its readiness to become Finland’s first organization to launch a blockchain based e-government solution.

“In blockchain, we see a number of features which could lend themselves well to the needs of entrepreneurs and citizens in the countryside as well as in the cities,” — MTK’s director of business development Marko Mäki-Hakola.

Combining with the ToitaSuomesta.fi employment service developed by CoReorient Oy, Essentia will be used by employment offices, employers and suchlike as a platform for managed employment in the local community.

There are many ways in which Essentia could be useful for MTK. Let us go through all of them.

First of all, any worker can save certificates of their performed jobs to the Essentia platform and allow their future employers and employment office to view these. This way we can ensure easier and safer cooperation. The employer can view and also add a job certificate(s) even if they are not a user of the ToitaSuomesta work mediation service. This option grants security and is actually a real time-saver both for employers and employees. Last but not least, employment offices can view the progress of the employee across all work mediation services and confirm that he/she fulfills benefits criteria.

From now on it won’t be necessary to share an individual’s entire job records between services and there will also be no need for a new database at the employment office.

MTK, whose members hail from various regional and local organizations, believe that this is only the start of real life testing for MTK’s main interest lies in other areas. One of them is managing and sharing machine-generated data from tractors, dairy, and other equipment. They are also tracking production chains, for example, forest side products from the owner to the refinery, or end-user land registries that will no longer need field sizes regularly updated; the future possibilities for blockchain technology are endless.

The Essentia framework provides the much-needed security in accessing sensitive data, as well as granting full control of the user’s private information and their digital identity in general.

We look forward to working together with the Finnish organization and moving a step closer to the idea we believe in. This is not the end, though, as we will continue searching for the best ways to utilize blockchain technology and Essentia in particular in various spheres of our day-to-day life.

Stay tuned for more information concerning the pilot implementation!

To be a part of their growing community join their Telegram channel https://t.me/essentia_one/.

Contact Email Address
matteo@essentia.one
Supporting Link
www.essentia.one

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Essentia to Become First Blockchain Based Solution from Finnish Government Through Collaboration with MTK appeared first on Bitcoin News.

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PR: AI – Based Bibox Digital Asset Exchange Platform Hits 50,000 Active Users per Day in Five Months

April 19, 2018 |

AI - Based Bibox Digital Asset Exchange Platform Hits 50,000 Active Users per Day

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Tallinn, Estonia, April 19, 2018 – Having attracted half a million traders in just five months with an average of 50,000 active users per day, AI-based digital asset exchange platform Bibox today announced average per day trades of US$ 100 million.

With a super-secure trading platform that applies the latest in big data analytics and AI technology to detect trading anomalies that pose risks in real-time, Bibox has seen a user growth rate of more than 300% per month. Bibox provides functions for professional traders that include Planned, Conditional, Iceberg, TWAP, Stop Loss/Gain orders.

Underpinned by blockchain and proprietary algorithms, Bibox’s supports more than 35 tokens and 112 trading pairs, including Bitcoin, Ethereum and Tether, with AI selecting listings for new tokens on Bibox Digital Exchange Platform based on merit. Bibox adopts and end-to-end approach to AI-based security that includes monitoring functions and alerts for suspicious activity.

Given its transparency and security credentials, CEO Jeffrey Lei wants to extend secure trading beyond crypto geeks, and develop a platform that is accessible to everyone, “Eventually users with different risk tolerance capabilities will have different access to trading services and fees according to their identity.”

At present, Bibox can handle more than 10 million users at the same time and 1 million transactions per second.

For more information please visit official website Bibox, subscribe to Bibox official accounts in Twitter; Reddit; and Medium.

Contact Email Address
media_release@bibox365.com
Supporting Link
https://www.bibox.com/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: AI – Based Bibox Digital Asset Exchange Platform Hits 50,000 Active Users per Day in Five Months appeared first on Bitcoin News.

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PR: Dynatiq Announces ICO for Their Blockchain Based Domains & Websites Marketplace

April 8, 2018 |

Dynatiq Announces ICO for Their Blockchain Based Domains & Websites Marketplace

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Dynatiq, a decentralized domain and website marketplace, announces token event starting 25th April 2018. Dynatiq is set to be the backbone of the domain industry.

Dubai, UAE: As of January 1, 2018, a total of global internet users was approximated to be 3,812,564,450 as compared to 3.42 billion that was recorded in 2016. Asia has always been the continent with the highest number of internet users in the world however their recent percentage dropped from 50.1% to 49.7%. Europe has 17.0%. Latin America has 10.4% and Africa has 10%. North American only has 8.2%.

In Asia, China has 738,539,792 users while the United States has 286,942,362 users. Russia has 109,55,842 users while Latin America has 18,526,199 users. Research also shows that North America has the highest penetration rate with a total of 88.1% of its people using the internet. In addition to this, Google now has over 6,586,013,574 searches per day worldwide.

Research also shows that digital marketing will generate 44% or approximately $ 237 billion globally in 2018. Search advertisements are the most popular digital advertisement that is available now as the expenditure of marketers in 2018 reaches 12% with a total of $ 113 billion spent.

In the first quarter of 2017, there were 1.3 million new domain names that were registered which is a 3.7% increase from the previous year. The .net and .com had a total of 143.6 million domain name registration by the end of 2017.

The Dynatiq Advantage

Dynatiq will never store a users data on a centralized marketplace, with an aim to protect data with the transparent and secure technology that is blockchain. Dynatiq technology uses escrow on a blockchain based marketplace. This escrow will provide various advantages to people who transact with it. Regardless if it is a website or domain sale, the use of escrow on the blockchain based marketplace will ensure that all buyers and sellers are equally protected thereby giving them an opportunity to settle their disputes with utmost concern.

Users are familiar with buying things online you must have come across a typical online review. An aggregate star rating for your website or domain marketplace will help the upli!ment of a business. Even though customer reviews range in thoroughness and comprehensibility, they can have an adverse effect on audience attraction

The staking process will enable the general public to acquire tokens, especially during the crowdfunding stage. A certain percentage of the generated funds will be channeled to operations pool in order to provide merchants with the amounts of tokens that will be paid out as rewards to customers. The idea of selling these tokens to merchants will be solely dependent on the situation. Whenever customers make purchases at participating merchants, the tokens will end up in the hands of customers. The customers will make the decisions on whether to trade it or redeem it. The token can be properly used after the successful launching of the platform.

Contact Email Address
info@dynatiq.com
Supporting Link
https://dynatiq.com

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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