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Bitzon- A Cost-Effective Way to Harness Benefits of the E-commerce Domain


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With technological advancement and faster internet speed, companies from all around the world are increasingly shifting their businesses online. While this transformation is eminent, there are many hindrances like large capital investment, manpower, technical proficiency, etc., that hold back SMEs from entering this revolution. Furthermore, the product line of small-scale businesses often showcase a limited number of products and more than half of their earnings are consumed by sales and overhead costs. Therefore, there is a very limited opportunity for small and medium scale businesses to prosper in the digital market.

A Reliable and Affordable Solution

Bitzon is a decentralized platform built within the blockchain technology that helps buyers and sellers acquire optimum benefits from the e-commerce landscape in a cost-effective and scalable manner. Unlike other platforms, Bitzon offers various other coins, tokens, and credit options to trade in, thereby adding flexibility to transactions on the platform.

Buyers in the platform are presented with a wide range of quality products by different vendors from all across the globe at reasonable prices. Additionally, when customers use Bitzon tokens on the platform while shopping, they receive a discount of 10% on their future lifetime purchases as an incentive. Sellers, on the other hand, get the opportunity to exhibit their products and opt for any listed currency to receive the payment. In return, sellers have to pay a monthly subscription fee to trade on this platform. Moreover, when they make sales via BITZON tokens, they are only charged 50% of the monthly subscription fee, along with the added elimination of their exchange fees.

Safeguarding the Interest of both Buyers and Sellers

By harnessing the benefits of blockchain technology, Bitzon has created a safe and secure environment for both, buyers and sellers. To ensure the safety of the buyer’s money, the network has integrated smart contracts in which the transactional value is blocked by contracts and is only released to the seller once the product is received by the buyer. Additionally, customers can also receive a refund on items within 15 days of purchase.

Sellers, on the other hand, often receive fake reviews for products and brands, which impact their overall market value. In order to tackle this problem and add authenticity to the ecosystem, Bitzon ensures that only buyers who have actually purchased products can post their reviews.

Initial Coin Offering

Bitzon works on Ethereum ERC20 and is compatible with third-party wallet services, exchanges, and listings. Their token sale was launched on September 1st, 2018. 65% of the overall distribution is offered for token sale, 10% is distributed to partners and advisors, 13% is shared amongst the project team, 8% is contributed towards bonus and reserves, and the remaining 3% is added towards bounties.

Bitzon – Rendering Global Advancement

With an aim to create a reliable, flexible, and cost-efficient e-commerce landscape, Bitzon offers an array of prolific features and functionalities to buyers and sellers across the globe. It is a blockchain based network that provides small-scale businesses with an opportunity to enter into the extensive domain of e-commerce and thrive in the global marketplace.

Bitzon Airdrop – Positioning the Platform on a Large Scale

With an objective to promote the Bitzon network on a large scale, the creators have launched the Bitzon Airdrop. This feature offers 30 Million coins to its users who are willing to promote the network on a typeform or social media channels like Facebook, Twitter, Youtube, Instagram, etc. So when users promote the platform on their social media handles, they are rewarded in return for their contributions.

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iCloud Hacker Demanded $175,000 Ransom to be Paid in Bitcoin

A hacker who filmed himself accessing Apple iCloud accounts has appeared in a U.K. court. Kerem Albayrak had demanded around $175,000 in ransom be paid in Bitcoin and Apple iTunes vouchers for the non-disclosure of sensitive user data. Apple Hacker Charged in Connection with Bitcoin Blackmail An IT analyst from north London has been charged with one count of blackmail and two counts of unauthorised acts intending to hinder access to a computer. Albayrak appeared at Westminster Magistrates’ court where he was granted unconditional bail until his case is heard at Southwark Crown Court on November 14. According to a report in the U.K.’s Daily Mail, Albayrak had recorded himself hacking into iCloud accounts and posted the footage on YouTube. He then contacted Apple and demanded $170,000 to be paid in Bitcoin and iTunes vouchers. He warned the global tech giant that he would disclose the personal details taken from the 319 million users’ accounts he had gained access to if they did not meet his demands. During court proceedings today, it was revealed that Albayrak initially requested around $75,000 before upping his demands to double that figure. He finally settled on $174,000 in Bitcoin and around $1,000 worth of iTunes vouchers. The prosecution’s legal representative, Lorna Vincent, stated: “Mr Karem Albayrak is accused of sending emails to Apple making financial demands for downloading database iCloud accounts and factory resetting those iCloud accounts… He entered into the accounts of the alleged victims and posted a video of his hack onto YouTube.” Albayrak is far from the first to make such ransom demands on big companies. His efforts are reminiscent of last year’s WannaCry ransomware attack. Based on the same principle of blackmailing firms with threats of releasing sensitive data, the malware attack infected hundreds of thousands of computers across the globe. The hacker behind it was able to evade authorities for over a year, but was arrested last month. In a number of decidedly more analogue attacks, people replaced data as the cornerstone upon which to leverage Bitcoin blackmails. In July of this year, a businessman from Cape Town was kidnapped and a demand of 50 BTC was made for his safe return. Liyaqat Parker was returned to his family in September. It is unknown if the ransom was met. Likewise, in Ukraine last December, a crypto-analyst from the EXMO exchange platform was also kidnapped. Once again, those responsible demanded Bitcoin for his safe return. In this example, the demands were met and Pavel Lerner was returned just days later. Fortunately, authorities were able to track Albayrak down before any harm could be done with the data he reportedly managed to access. This is hardly surprising, given how amateurish the young hacker went about coordinating his attack. Featured image from Shutterstock. The post iCloud Hacker Demanded $175,000 Ransom to be Paid in Bitcoin appeared first on NewsBTC.

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