Cocos-BCX, Loom Network and Tron trifecta aiming to change the crypto space for the better

The blockchain technology and cryptocurrency space has always been regarded as revolutionary. Due to the numerous benefits it offers, even top industry players are now looking into its use-cases. One of the key sectors blockchain has proved itself to be beneficial is the gaming sector.
In fact, the gaming sector is speculated to be blockchain’s “killer app,” the catalyst for its mass adoption. Presently, the notable players in the space are TRON, Loom Network, and Cocos-BCX. Recently, United Labs of Blockchain Technology based in China did an analysis of the three leading projects in the space.
Loom Network
It is the second layer scaling solution for Ethereum [ETH], the second largest cryptocurrency in the space and the leading smart contract platform. This scaling solution enables DApps with large transaction volumes to scale to millions of users. More so, Loom achieves this without causing major congestion on the Ethereum blockchain.
The primary product of the Loom network is SDK. It enables developers to build blockchains without the need of understanding its mechanisms. The key feature of Loom SDK is the generation of DApp chain, a Layer 2 blockchain that uses Ethereum blockchain as its base layer. It is an application-specific chain that functions parallel to the Ethereum’s main chain. Here, the rule can be customized based on the use-case of the application, whereas the security is entrusted to the mainchain’s consensus algorithm.
Loom Network currently has three sidechains namely,

PlasmaChain
GameChain
SocialChain

PlasmaChain is a revamp of ZombieChain and is considered to be the most important chain among the three. The chain was rebranded as it was going to be the center-point for token transactions that are linked to Ethereum via Plasma Cash. In simple terms, PlasmaChain is a built-in decentralized exchange that acts as a bridge to Ethereum mainchain and other sidechains, thereby enabling faster and cheaper transactions.
Plasma Cash, on the other hand, is the scaling solution proposed by Vitalik Buterin, the creator of Ethereum, and Joseph Poon, the co-creator of Lightning Network. The solution is basically adding a layer of smart contract that interacts with the main chain. This is done in order to decrease the transaction fees associated with smart contract and developer applications.
Features of PlasmaChain

In order to support ETH, ETC20 and ERC71 token transactions, Plasma Chain is linked to the mainnet
Has it own built-in decentralized exchange
Allows payments of fees in Ethereum and Loom token
Will enable BTC payments in the future
Will link Plasma Cash to Layer 3 chains, with PlasmaChain as the main chain

Plasma Chain architecture | Source: Loom Network
Much to users’ delight, Loom network and Cocos-SDK have partnered up with each other in order to integrate Cocos-SDK in Loom DApp development environment. This basically means that the Loom network would be releasing a developer application chain support for the gaming platform.
TRON
Tron is one of the most popular cryptocurrencies in the space, currently the eighth-largest cryptocurrency by market cap. Tron is also one of the largest blockchain-based operating systems around the world, aiming to surpass Ethereum in the next few months. Unlike Ethereum’s Proof-of-Work [PoW] consensus mechanism, Tron chose Delegated Proof-of-Stake [DPoS] consensus mechanism, which supports smart contracts.
The platform strives towards building a “free, global digital content entertainment system with distributed storage technology and allows easy and cost-effective sharing of digital content”. The key features of Tron are high-throughput, high-reliability, and high-scalability, all of which focus on supporting developer applications.
More so, Tron fundamentally has three main layers:

Application Layer
Core Layer
Storage Layer

These layers are further divided into different levels based on their features. Storage Layer comprises of block storage and state storage, Core Layer comprises of Tron Virtual Machine [TVM] and TVM compatibility with Ethereum Virtual Machine [EVM], and Application Layer comprises of DApps and wallets.
Additionally, Tron protocol is well-known because of Protobuf, a protocol that is used to generate code, and which supports multi-language extension. The languages supported on Tron include JAVA, Scala, C++, Python and Go. This enables clients to develop applications in an easier way by unifying the API definitions. It also paves the path for optimized transfer of data.
According to the report, Tron will be collaborating with Cocos-BCX in order to enable cross platform digital asset circulation. The collaboration will ensure the integration of fungible token standard of Tron and CoCos-BCX.
Cocos-BCX
Cocos-BCX is one of the most popular end to end solutions for decentralized game development. The core features of the platform are the game engine, development environment, and its own blockchain. Cocos-BCX, similar to Tron, makes use of Delegated Proof-of-Stake [DPoS] consensus mechanism, thereby ensuring high-throughput, speedy confirmation, community incentive and low resource consumption.
The platform aims to build a “complete run-time environment with multi-game system compatibility,” thereby creating a convenient and perfect ecosystem environment for the development of games on the blockchain. More so, Cocos-BCX also aspires to “bring users new game experience and unprecedented game forms”, wherein users will have complete control over game assets and environment, thereby ensuring fairness and transparency.
Cocos-BCX architecture is divided into four layers,

Application Layer
Runtime Layer
Contract Layer
Blockchain infrastructure Layer

Cocos-BCX architecture | Source: Cocos-BCX
The platform’s Contract VM is noted for using Lua 5.3-based language as it is compatible with most of the library functions and standard Lua syntax. Moreover, the platform will soon provide support for JavaScript as it is the most preferred language by Web game developers.
The key-features of Cocos-BCX are,

Multi-device adaptability and Inter-operable interface
Inter-blockchain exchange converts fungible and non-fungible tokens which have different data structure and standards
Improved DPoS consensus mechanism
Enables execution of smart contracts across blocks
Improved data transmission and high-performance VM solution

The most popular products and protocols of Cocos-BCX are,

Cocos, based on GrapheneTM framework – Max theoretical throughput: 100,000 TPS; tested: 3500 TPS with 3 seconds block intervals
In order to support multiple blockchain systems, Cocos-BCX has its operating system and integrated development environment
It also has distinct protocols for exchange, customization, and universal asset creation

Comparison between Loom Network, Tron, and Cocos-BCX:

System
Feature
Loom Network
Tron
Cocos-BCX

System Layer

Consensus Mechanism

High-throughput support
Each DApp has its own sidechain system, wherein the throughput can be adjusted in accordance to node configuration
Enabled with its DPoS mechanism and lower block generation period
Improved DPoS mechanism and lower block generation period ensure high throughput performance, thereby shortening the redundant computing process in the transaction

High-response support
Latency of transaction response <1s
Latency of transaction response <3s
General transaction response latency <1s. Special latency of transaction <50ms

Business Logic

Randomness support
External source randomness input & Double-blind randomness input
External source randomness input & Double-blind randomness input
External source randomness input, Double-blind randomness input and Internal source randomness input

Transaction atomic merges
Implement atomic operations with combined transactions defined by contract
Implement atomic operations with combined transactions defined by contract
Implement atomic operations with combined transactions defined by contract; combined OPs into one transaction in the form of OP group

Digital Assets

Homogenous Assets

Homogenous Assets Support
Under ERC20
Under TRC10 and ERC20
Under Graphene framework standard

Smart [pegging] Digital Assets Support
Unsupported
Unsupported
Supported

Non-Homogenous Assets

Circulation
On-chain business use; Circulation with Ethereum system
On-chain business use
On-chain business use; On-chain cross-business use without interfering mutual business data; Circulation with Ethereum and EOS networks; Circulation with networks such as TRON, ONT, NEO, etc.

Standard
ERC721x non- homogenous assets standard
Ethereum alike non- homogeneous assets standards
BCX-NHAS-1808 Standard; NVAS-1809 Non- Homogenous Assets Standard

Complex business model support
Unsupported
Unsupported
Support models such as collateralization, lease, pawn etc.

Despite all these features, the report states that there are problems that are inevitable in terms of transaction-level cross-chain docking in blockchain system. Since the security of blockchain is highly dependent on a series of authorization design and complex signature technology, there will be problems with verification, identification, and authorization during the interaction between the main chain and the sidechain.
The report reads, “The interoperability and security become two contradictory issues for the two chain systems. To maintain the existing security mechanism of the blockchain system, it will require various verification modes such as multi-signature, and proposals/voting etc., which will significantly lower the performance [1~3 min/transaction].”
Nonetheless, the three projects are working towards providing the best and the safest platform for developers. In the current scenario, Cocos-BCX seems to be leading the way as it not only provides improved features but is also playing a major role in the adoption of cryptocurrency and the blockchain space.
The platform has formed strategic partnerships with other leading projects in the cryptocurrency space, such as Binance, Nebulas, Loom, Slow mist, HelloEOS, OK Blockchain Capital, and NGC. This indicates that the horizon regarding the cryptocurrency sphere could be on the bright side of development.
The post Cocos-BCX, Loom Network and Tron trifecta aiming to change the crypto space for the better appeared first on AMBCrypto.
Source: AMB Crypto

PANTHEON X steps into the cryptofund ecosystem by building a platform best suitable for new and experienced investors

Satoshi Nakamoto is well-known in the blockchain and cryptocurrency space for creating the largest digital currency in the market at present, Bitcoin [BTC]. The inception of the coin led to the creation of several others alongside the creation of a decentralized ecosystem. The entire ecosystem now strives to take the power back from governments and financial institutions and return it to ordinary people.
Notably, the cryptocurrency is not the only greatest invention of Satoshi Nakamoto. The creator is well-known across the globe, especially the Fintech industry for developing the blockchain. The primary use-case of the technology was to serve as a public ledger for the currency’s transactions.
However, the vast use-cases of the technology were soon recognized by several people from various industries, with key factors such as transparency and security grasping everyone’s attention. The blockchain is currently hailed as a disruptive technology and is considered a revolution in the system of records. In the present scenario, the use case of blockchain technology is being tested in several industries including supply chain management, healthcare, and travel and tourism.
Once such industry that the technology has a massive impact on is the financial industry. Here, blockchain paves a path for increased transparency, faster payments, eliminates intermediaries – thereby by enabling peer-to-peer transactions and reducing counter-party risks.
PANTHEON X has stepped into the space with an aim to bring about all the best advantages to cryptocurrency investors and traders. The firms aim to build a blockchain-based open financial business platform, with a reliable network that allows everybody in the ecosystem to engage in a safe and transparent trade. PANTHEON X intends to build an ecosystem that defines decentralization at its best, wherein people will self-govern the entire system by transforming it into an efficient one.
In general, PANTHEON X is composed of three stages:

Cryptofund Marketplace
Knowledge Network
3rd party services/ PANTHEON Intelligence

This is essentially the front office service that raises existing cryptocurrency financial funds or new cryptocurrency financial funds. This window is managed by certified crypto-managers specializing in the cryptocurrency market. These managers operate and sell their crypto financial products, which is, later on, bought by investors. For an individual to become a crypto-manager, one will have to pass the minimum requirements laid down by the platform.
Much to the users’ delight, Cryptofund Marketplace has a very simple set-up, which can be very well understood even by a new investor in the cryptocurrency space. Crypto-managers, at first, are required to register on the platform. This will be followed by the managers setting up their wallet and launching cryptofund products that they consider is best suitable for the investors depending on market conditions.
The product will then be promoted by the crypto-manager, along with a marketer. And, at the same time, the product will be analyzed by a cryptocurrency analyst.
The analyst’s review on the fund is passed onto the investors through the firms’ Knowledge network.With the help of the intelligence function, managers can effectively manage their customers’ funds. With this set-up, managers will be able to focus on providing the cryptofunds that are demanded by the investors. For this, managers will receive rewards and management fees in cryptocurrency, when a certain amount of profit is earned.
Knowledge Network
This network is the knowledge centre that creates, distributes and consumes content pertaining to crypto-financial investment. This network also has all the data collected by crypto-analysts that details the various funds available on the platform and otherwise. The main agenda of this network is to create an active ecosystem, within which users promote trust by detecting system errors, verifying information and providing suggestions that would contribute to the platform’s improvement.
This network plays a vital role in creating content that focuses on cryptofunds, advertising and promoting these products. It also encourages healthy communication among the participants by providing all the necessary instruments.
In addition, this network also functions on a reward system. Here, the rewards are based on Appendix – The Reward System on the Knowledge Network. Users are rewarded in accordance with their contribution and reliability on the network. This is based on their participation, which is determined through the users’ social media activity and their projects.
PANTHEON Intelligence:
This is the work that is managed by the middle office and the back office of the ecosystem. Here, the middle office is responsible for the market risks, credit risks, and most importantly, supervising the front office. On the contrary, the back office engages in operations such as confirming and processing a transaction and also settling payments.
Additionally, with all the data accumulated on the cryptofunds on the platform and with the internal infrastructure, the firm will later expand these services by collaborating with a 3rd party.
The platform will also have an authentication process, which will ensure that only the participants contributing to the healthy development of the platform can make transactions. PANTHEON X ensures effective asset management by providing infrastructure such as consignment and escrow.
Most importantly, the platform employs an Artificial Intelligence Engine, which provides automated services that are determined on the data collected on Cryptofund Marketplace, Knowledge Networks, and PANTHEON Intelligence. But, the key role of the AI engine is to detect fraud, enable automated compliance, maintain the reputation of the marketplace, and act as an evaluator of the platform on a constant basis.
The platform also provides support to the users’ activities that take place in the ecosystem. This is achieved by collecting users’ information, analyzing their activity on the platform, and studying their financial records. All the information is encrypted and stored in the platform’s Inter Planetary File System [IPFS].
Token Economy
Along with its mind-boggling concept, PANTHEON X has decided to adopt the double token economy. The platform will have a utility token, XPN token and a token for internal operations, XPW [Xpower]. The utility token will be used to participate in the cryptofund marketplace and the other tokens will be used to reward users on the knowledge platform. This token can immediately be swapped for XPN tokens on the platform.
Revenue Distribution
Unlike most of the projects in the space, PANTHEON X aims to give a part of its revenue back to its community for contributing to its development. The team has decided to allocate 40% of its revenue for all the XPW token holders, a reward for staking and actively taking part in the knowledge network. More so, once the revenue is distributed, the users get to chose the token they want to collect their reward. The rest of the token is divided into 40% and 20%, wherein 40% will be considered as the profits earned by PANTHEON X after the expenses are deduced from this and the rest is going to be reserved for unexpected costs.

AMBCrypto reached out to PANTHEON X to clarify doubts about the project
What drove you to create PANTHEON X?
Finance is one of the most important and sophisticated industries and can utilize the technical advantages of blockchain technology including the prevention of forgery of transaction history, automation of related procedures and P2P payment. Also, the issuance of security tokens that use securities like stocks and bonds but also actual assets like real estate and precious metals as their underlying assets, is significantly increasing. Therefore, the need for crypto finance that uses cryptocurrencies as an underlying asset is on the rise.
Unlike the existing financial system, the crypto financial service has a self-regulating system and bare minimum guidelines. It not only enhances the transparency of transactions through a distributed ledger system but also lowers the transaction costs by minimizing the role of centralized financial intermediaries. Moreover, it can reduce the processing time through automated systems like Smart Contract. The crypto financial service also has a high-security level because it is impossible to counterfeit and forge information on the blockchain.
Why is PANTHEON IPFS required? Isn’t collecting and storing information of users activity on the platform and breaching privacy to a certain extent?
PANTHEON Intelligence is not to record all user activities but to detect abnormal behavior of fund managers. We store the data but sort out the ones that may be the basis for investors to make an investment decision and only expose those data. We do not disclose data that may infringe the privacy of other individuals to other users. Furthermore, the collected data will be used as resource data for internal AI engine only and does not breach by public disclosure.
Will PANTHEON X seek data collected from other platforms apart from its own AI engine to ensure the well-being of its users?
We will use the information gathered from PANTHEON X and will use the resources of the partnerships to the extent that personal information is not infringed.
Why did PANTHEON X choose a dual token economy?
We chose a dual token system because each token serves different purposes.
XPN is listed token on exchanges. XPN is used when fund managers build crypto funds, pay a performance fee when XPW holders exchanging to XPN to cash out when users purchase contents from Knowledge Network.
XPW is a non-listed token and used within PANTHEON X platform only. It can be a compensation or purchase method on Knowledge Network for ads, content creation, sharing, and reporting, etc.
What is the key milestone PANTHEON X is planning to achieve this year?
The main sale is expected to be on March-April, Cryptofund marketplace MVP this mid-Feb – March, PANTHEON Protocol test-net Q2, main-net Q3, and Cryptofund Marketplace official launching Q3.
The post PANTHEON X steps into the cryptofund ecosystem by building a platform best suitable for new and experienced investors appeared first on AMBCrypto.
Source: AMB Crypto

The $700 billion dollar “Death of Cryptocurrency” is just the beginning

It is important to talk about where we are right now.
You can probably feel it yourself, the depression stage of the cycle categorised by fear, doubt, the reluctance to invest capital and general panic.
Do you know how far Amazon stock dropped in the tech bubble from January 2000 - September 2001 [20 months later]?
It dropped 95% – sound familiar?
During this time nobody wanted to touch it, the market could only think of negative reasons why the price would go down forever. Investors were pessimistic, and nobody had the courage to act.
Some companies died, forever, but what came next was the re-birth of something 100x bigger. It went from a tech bubble to the tech revolution. And you wouldn’t be here if, at some stage, you didn’t believe in the blockchain revolution. Now, we don’t know which companies will be the next blockchain Amazons, but we are looking for them every day. And we will find them.
While we move through this stage of the cycle, capital will be tight, and we need to be even more prudent with our investments. Keeping portions in cash, taking profits earlier than usual or making long term investments that you intend to hold for long periods of time.
You can get my complete trading strategy in the FREE Boss Cryptocurrency trading and investing course.
Price cycles around a trend. This is something we all know.
When using trends as forecasts for the future price of an asset you are simply extrapolating the past into the future and there is no guarantee that the previous trend will repeat exactly, but it may rhyme.
I believe they offer a good amount of insight into the flow of price, yet would not trust it, for example, to predict the exact dollar value of Bitcoin in 2021.
The below is a simple breakdown of the past trends as they were before the bulls took over and blew the price to crazy highs.
This phenomenon is in no way just related to cryptocurrency trading and investing. It happens in every market. Why? Because humans are involved in every market.

Firstly
You can see the % retrace marked in blue. And you can see the horizontal green box, which was the depression stage at the end of the 2015 bear market, duplicated to today’s market.
Secondly
You can see the two red trend lines. The highest of the two was the 2012-2013 bullish accumulation period before the major breakout at the start of 2013 and the second is the bullish accumulation period from the end of 2015 to the start of 2017 before the major breakout.
As you can see, the second accumulation trend was at a slower incline than the first, and I believe that was caused by a much larger collection of money in the pool.
From this data, I would make the assumption that the next bullish accumulation trend, after the depression period, will also be slower than the 2015–2017 trend. If there is a similar boom, the peak of that boom might reach near the bottom of the previous trend as we saw in December 2017.
Thirdly
You can see similarities in volume. I wanted to talk about this because the volume charts look similar across most exchanges that were trading Bitcoin during the last bear market. The amount of volume in both the bull market and bear markets of 2017 and 2018 was lower than the volume of the 2014–2015 markets.
However, the shape is the same:

A build-up of Euphoria
Mass Panic
Uncertainty
More Panic
Unknown in 2019, and in 2015 we saw more uncertainty, or as I am referring to it: Depression.

Conclusion
There is no way that we can know for certain what is to come, and it is unlikely to repeat exactly however this picture does show us a clear picture on the past market performance in all times, across all emotions. It is a complete picture.
The depression cycle is always [not just in cryptocurrency] the most important time to be vigilant for new investments. While a lot of old projects will succeed, a lot that came through in the ICO boom are dying, new ones will be there to take their place.
You need to know what ones, and why.
Safe trading,
Boss Cole  - Boss Crypto Trading Academy
The post The $700 billion dollar “Death of Cryptocurrency” is just the beginning appeared first on AMBCrypto.
Source: AMB Crypto

Mobile Payments Is A Big Market – And It’s About To Get Much Bigger

CoinSpeaker

Mobile Payments Is A Big Market – And It’s About To Get Much Bigger

In recent years, mobile payment has become a key method of online shopping and other forms of eCommerce. With more members of Generation Z, who grew up in a world where smartphones were not an innovation, but a reality, this segment of the financial space is expected to grow tremendously in coming years.

Mobile Payments Is A Big Market – And It’s About To Get Much Bigger

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Source: CoinSpeaker

Big Banks, Big Opportunity? Earnings Season Kicks Off

CoinSpeaker

Big Banks, Big Opportunity? Earnings Season Kicks Off

Each quarter, publicly listed companies share their earnings reports with their investors and the general public. These reports provide insights into each company’s performance and more often than not, impact their stock prices. Over the next six weeks, companies will be sharing their reports for the fourth quarter of 2018 (Q4), with major banks kicking off the earnings season.

Big Banks, Big Opportunity? Earnings Season Kicks Off

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Source: CoinSpeaker

The Trading Secret of kela-leo: Profit is Important, Lower Risk is More Important!

CoinSpeaker

The Trading Secret of kela-leo: Profit is Important, Lower Risk is More Important!

kela-leo is a Chinese Popular Investor who was featured on ‘Editor’s Choice’. Here is an interview we held with him.

The Trading Secret of kela-leo: Profit is Important, Lower Risk is More Important!

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Source: CoinSpeaker

Meet Some Popular Investors who Finished in Profit for the 3rd Year in a Row

CoinSpeaker

Meet Some Popular Investors who Finished in Profit for the 3rd Year in a Row

2018 will be remembered as one of the most volatile years in market history. While stock markets started the year with incredible surges, with several indices and stocks climbing to all-time highs, Wall Street ended 2018 at a loss, erasing all gains seen earlier in the year.

Meet Some Popular Investors who Finished in Profit for the 3rd Year in a Row

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Source: CoinSpeaker

Widening Global Wealth Inequality Gap Can Be Narrowed By Universal Basic Income

CoinSpeaker

Widening Global Wealth Inequality Gap Can Be Narrowed By Universal Basic Income

According to Oxfam, the global wealth inequality gap is widening. To coincide with the start of the World Economic Forum 2019 in the Swiss ski resort of Davos on January 21, the development charity published its annual report on the state of the world’s economy.

Widening Global Wealth Inequality Gap Can Be Narrowed By Universal Basic Income

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Source: CoinSpeaker

From Successful Entrepreneur to Successful CopyPortfolio Investor: Meet Chris Hyland

CoinSpeaker

From Successful Entrepreneur to Successful CopyPortfolio Investor: Meet Chris Hyland

Chris from the UK is a successful entrepreneur who founded one marketing agency that went global and is now the head of another company he founded, The Happiness Index. He is an active investor on eToro and a fan of the platform’s CopyPortfolio investment strategies. We asked him to answer a few questions about himself and his trading habits.

From Successful Entrepreneur to Successful CopyPortfolio Investor: Meet Chris Hyland

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Source: CoinSpeaker

5 Copy Trends: The Cringe, The Funny and The Awesome

CoinSpeaker

5 Copy Trends: The Cringe, The Funny and The Awesome

Copying is such a huge part of today’s society that we had to draw a list of the top 5 hottest copy trends that shaped 2018 and we expect to see in 2019.

5 Copy Trends: The Cringe, The Funny and The Awesome

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Source: CoinSpeaker

Meet Belgian Popular Investor Catalina Norena Who Knows How To Take Advantage Of Market Volatility

CoinSpeaker

Meet Belgian Popular Investor Catalina Norena Who Knows How To Take Advantage Of Market Volatility

Catalina Norena from Belgium is an eToro Popular Investor who likes to take advantage of extremely volatile markets by investing in ETF’s that are likely to show a profit when markets are down. Therefore, as her username suggests, she invests in ETF’s that track the VIX index or gold prices. She took the time to answer a few questions so that the eToro community can get to know her better.

Meet Belgian Popular Investor Catalina Norena Who Knows How To Take Advantage Of Market Volatility

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Source: CoinSpeaker

New Financial Projects Gain Momentum in Period of Political Uncertainty

CoinSpeaker

New Financial Projects Gain Momentum in Period of Political Uncertainty

Less than a week after a new financial blueprint for Europe was proposed, by a 50-strong group led by Thomas Piketty, another pioneering economic system that aims to reduce inequality has been gaining momentum in London.

New Financial Projects Gain Momentum in Period of Political Uncertainty

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Source: CoinSpeaker

GoodDollar-Supported OpenUBI Ecosystem Launched in Berlin

CoinSpeaker

GoodDollar-Supported OpenUBI Ecosystem Launched in Berlin

At Web Summit​2018, in early November, Yoni Assia, Chief Executive of eToro, announced the launch of GoodDollar: an ecosystem-led project that explores how cryptocurrency and blockchain technology may reduce inequality through models based on universal basic income (UBI).

GoodDollar-Supported OpenUBI Ecosystem Launched in Berlin

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Source: CoinSpeaker

Exosis [EXO] to emerge as a rising star as one-stop solution for the cryptocurrency ecosystem

The cryptocurrency market is being overrun with projects that seem to have no utility. This was seen in great power during the last year, with scam projects reportedly making up to 88% of all Initial Coin Offerings. Even those that are not scams do not offer any real-world utility, instead relying on a token economy for their platform.
However, there is one coin that has established its utility in a way that is ensured for the future. Not just that, it has a robust strategy to hold its value in a dependable and stable fashion and offers investors the opportunity to gain passive income. This is the brand-new, one-stop solution for cryptocurrency enthusiasts known as Exosis.
The ecosystem is made up of 5 platforms on one network, allowing users to access a variety of features in a seamless, easy-to-use and decentralized fashion. Moreover, the platforms native coin, EXO, can be utilized across all of the services.
The parts of the ecosystem include a decentralized exchange platform, a decentralized e-commerce site, an over-the-counter platform for trading, a multiplatform e-wallet and a feature for users to generate passive income known as a virtual masternode.
Setting itself apart from the multiple Ethereum based tokens, the Exosis platform will function on its own Mainnet. The net will be coded in the C++ language and has a block time of 2.5 minutes with 10MB blocks and SegWit-enabled. It also utilizes SHA3 hash ratings, a much more advanced algorithm than SHA256 used by Bitcoin and other PoW blockchains.
Exosis will rely on the Time Travel 10 PoW algorithm for consensus. This algorithm is ASIC resistant, and mineable using both GPU and CPU. Moreover, the mining power for the coin is low, leading to an interesting value proposition for miners.
The architecture of the PoW blockchain will also rely on proof-of-authority to ensure that the master nodes and nodes are secure, and to prevent Sybil and 51 percent attacks on the platform.
To go along with the security offered by the architecture of the blockchain itself, Exosis service holds itself to a high standard of security. It boasts of an A+ level of security, offering users with the transparency to check it themselves on Mozilla observatories such as X-XSS, X-Frame, CSRF, CSP, CORs HPKP, HSTS, and secure cookies. This is to ensure user trust in the platform.
Virtual Masternode:
A masternode is a server on a decentralized network. However, it is distinct from regular nodes as it is required to perform unique functions that are usually not possible with a node. Due to this, a masternode typically requires two things.
By requirement, the node has to be run on a powerful computer that can run a complete node of the blockchain which is synced to all its transactions. Moreover, users are also required to stake a large number of coins. However, this will provide them with an opportunity to gain passive income.
Exosis blockchain utilizes the masternode method to create a strong base to decentralize the network and control the supply and demand. It also requires those who wish to run a masternode to have the full version of the wallet and stake at least 10,000 EXO coins. The node also requires a constant Internet connection and power.
However, Exosis has come up with an opportunity for investors by creating a system known as Virtual Masternodes. This allows users to run the masternodes and gain passive income that users can run without hardware or real-world constraints.
The system will require the users to stake a small number of coins in a certain lockdown period. The charges for the period will be 10%, 7.5%, 5% and 2.5% for 1 month, 3 months, 6 months and 12 months.
This effectively reduces the barrier of entry for those who want to generate passive income from their involvement in the Exosis ecosystem. The site will also have wallet support, and deposit and withdrawal options for multiple cryptocurrencies.
Exchange platform:
The Exosis exchange platform is created by professionals with prior experience in managing exchanges, leading them to an optimal method of operation with no pitfalls. This has led to them creating an anonymous and decentralized exchange, with strictly no involvement from the government.
Staking EXO tokens in the user’s trading balance will reward them with a discounted trading fee, with price cuts of up to 50% on the fees. It will also have a speed of more than 10,000 transactions per second, to ensure maximum speed and easy usability for the end-user.
The platform also utilizes a decentralized chat platform as a part of the exchange. Keeping in mind the true decentralization of the platform, there will be no censorship enforced on the chat. Instead, there is a system in place to ensure the user’s reputation, based on the vote score of the user. This is calculated through a system of upvotes and downvotes which is decided by other members of the community. Posts which are downvoted will be banned automatically.
Keeping in tune with the community involvement of the platform, users will be able to vote for a coin to be listed on the platform. This includes support for the coin across all 5 platforms, offering optimum liquidity and exposure to a wider audience.
Exosis has a stringent check for coins to be listed, including background and compatibility checks. This also applies to their delisting policy, wherein a coin is delisted if it falls below a threshold of liquidity.
The exchange platform also offers a trading API for use by merchants and traders. The API can either be integrated into auto trading bots for optimal profits or used for integration into businesses by merchants on the platform.
Over-the-Counter [OTC]:
Exosis utilizes its smart contract technology to provide OTC services as a part of their utility-laden ecosystem. The transaction in question will occur directly between two individuals, establishing a peer-to-peer connection.
The OTC service will be global as opposed to an exchange fixed in a specific area. Moreover, the service will also provide a localized cryptocurrency to fiat trading platform, offering users with the onramp into the ecosystem.
The service will provide multiple cryptocurrencies and fiat currency trades while providing authenticity, transparency, and security to users.
E-Commerce:
This creates a healthy ecosystem for the EXO coin, as this service utilizes the coin as a medium of exchange. This adds utility to the coin while removing risk from the user’s experience utilizing the inherent security of the blockchain.
The user’s data, personal information, and money will be protected by the blockchain, which secures every transaction on the platform. Moreover, funds will be held in escrow by the platform until the goods are delivered to combat fraud.
For sellers, the service does not charge fees for successive sales, instead imposing only a withdrawal fee. They have the option to hold both fiat currencies and cryptocurrencies on the platform while having the option to withdraw in both fiat and crypto.
Cross-platform e-wallet:
The Exosis ecosystem will feature a cross-platform e-wallet service that will allow users to transfer funds across the various services that the network offers. It will also give users a single balance across the exchange, e-commerce, OTC, and virtual masternode services, providing a level of seamless service and interoperability like never seen before.
It will be secured using high-end cryptographic algorithms, thus ensuring that malicious actors such as hackers and phishers cannot gain access to the ecosystem. There is also a minimum wallet amount of 10 EXO to be staked, so as to avoid spam attacks and sockpuppets.
The wallet will be available on Windows, MacOS, and Web platforms, with the rollout of the Linux version to come in the near future.
EXO split:
The Exosis ecosystem has a cap of 21 million tokens to be mined. Out of these, 2 million coins will be premined in order to raise funds as part of the ICO. 50% of the supply will be reserved for backing up the market, with 30% and 20% used for promotion and development respectively.
The coins generated in the masternode will be put back into the economy to ensure a stable value for the coin. 25% of this will be utilized to generate free coins to prevent the market from dumping.
The Exosis ecosystem is set to become one of the most established and utility-oriented platforms in the cryptocurrency world. The creators of the coin have brought it into the market on the back of years of experience in the cryptocurrency ecosystem. This has resulted in a product with an absolute focus on the end user, along with major importance given to decentralization in the short and long term. Moreover, the ecosystem holds itself to an A+ security standard across the board, a product of countless code audits and tests.
To know more about Exosis, click here.
The post Exosis [EXO] to emerge as a rising star as one-stop solution for the cryptocurrency ecosystem appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC], Ethereum [ETH] and XRP to be used for opening a line of credit through Uphold

Uphold, a cryptocurrency exchange platform, recently announced that they will be launching the world’s first cryptocurrency line-of-credit service. This will allow users to generate yields from digital assets such as Bitcoin [BTC] and Ethereum [ETH].
The platform also clarified that they will be adding more assets, citing XRP in particular. They also announced the upcoming launch of their mobile app while speaking about a giveaway worth $500,000 in UPUSD, a new stablecoin.
They stated:
“We’re soon launching both physical and virtual debit cards, and we’re going to turn this waiting list into a dynamic leaderboard rewarding early referral, community participation and transactional activity!”
The creation of the coin is a part of a collaboration between PricewaterhouseCoopers and Cred platform to audit a dollar pegged stablecoin. This is focused on cryptocurrency loans to be launched in November with interest rates of 2% to 5.5%. New alliance members are reportedly said to join, the most recent of which is Micheal Arrington.
Uphold will allow its users to generate a “substantial yield” or “secure a flexible credit line” against their cryptocurrency holdings. These are called Uphold Earn, with a yield of 2% – 5%, and Uphold Borrow with interest rates starting from 9%.
They can utilize Bitcoin or Ethereum for these purposes, providing a non-term cryptocurrency line of credit. Uphold also mentioned that users who register before the end of this month will get 1% off interest and 1% higher yields on deposits.
The post Bitcoin [BTC], Ethereum [ETH] and XRP to be used for opening a line of credit through Uphold appeared first on AMBCrypto.
Source: AMB Crypto