Quantor and Perm Winter School

Last month Quantor visited Perm Winter School as a place of forward-looking and talented students. This time the conference was about digital financial markets, financial technologies and risk management. Many world class experts had participated in this event with topics ranging from scaling of blockhain to future of cryptocurrency. Quantor’s co-founder, Vlad Buchnev, had the opportunity to present the topic of “Integration of Algorithmic Trading with Blockchain in Decentralized Economy” to the forum. We were excited at the fact that so many students were interested in applying latest technologies for trading and investing on digital financial markets. There is no doubt that young and smart people are the next generation and driving force in developing digital crypto world. This fact reinforced our belief that the concept to focus on intellectual sources of users from our community is the one and only way to successfully build Quantor ecosystem. Furthermore, many strategic connections were made- a number of Russian universities and King’s College London had expressed their interest in building Quantor’s community in order to develop quantitative trading strategies with their students. We believe more universities will be willing to join Quantor’s ecosystem and we think it is essential to involve university students in our community for building new generation of independent algorithmic traders. Quantor is a marketplace of investment algorithms and educational solutions for cryptocurrency and traditional financial markets. Quantor ecosystem implements an accelerator for algorithmic traders supporting them in developing investment algorithms for a decentralized economy. The mission of the company is to provide sustainable performance of trading algorithms by creating a reliable system of trust among the ecosystem participants, including developers of trading algorithms, experts, mentors, and investors. The maximum number of Quant (QNT) tokens to be issued is limited. On the Pre-sale, incentive measures and discounts from the base price of the token will be provided for the participants. All information is available on the project website: https://tokens.quantor.co/ 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.

Shares in Square Inc. Receive Boost From Old Crypto News

Shares in Square Inc. are rising once again. This time, however, there seems to be little news from the company themselves to justify such investor exuberance. The only “recent” development comes from a little known cryptocurrency website who reported earlier today that the global payments processing company were planning to integrate Bitcoin functionality. Deja Vu..? Those who stay up-to-date with news surrounding cryptocurrency will probably instantly recognise the claims by Cryptonia as old news. We at NewsBTC have reported on Square’s plans to include cryptocurrency options in their application several times since last November. Whilst additional positive news did come from the company late last month, it hardly explains today’s surge in the price of their shares. The most recent Square development that could account for a move in the price of their stock was their CEO expressing further plans for cryptocurrency inclusion in the future. Finance Magnates report that the company were toying with the idea of rolling out consumer-to-merchant payments via Bitcoin in the near future. Jack Dorsey said on February 28, 2018 to analysts: “Bitcoin, for us, is not stopping at buying and selling… We do believe that this is a transformational technology for our industry and we want to learn as quickly as possible.” Such a desire to be positioned at the forefront of a potential financial revolution would likely excite investors and would thus explain a move in the price of the stock last week. However, it hardly explains the 8.7% rise reported by Bloomberg earlier today – the price reached an all-time high of $50 in New York. This made it the number two ranked performer on the Russell 1,000 Financial Services Index for the day. Curiously, the price was relatively unaffected by the late February announcement by Dorsey but rose sharply this morning between the opening of trading and around 11am. This coincides with the publication of the Cryptona article and little else of note. Whilst it is impossible to say what exactly caused today’s increase in price for Square, it would come as little surprise to learn that the move was caused by several month old news doing the rounds online once again. The cryptocurrency space reacts to the slightest news and there is certainly a sense of mania surrounding the markets. A look at the fortunes of the likes of Long Blockchain (formerly Long Island Ice Tea) and Kodak following their own attempts to redirect themselves towards the exciting new industry highlight the lack of investor rationality surrounding the space. The former surged from $2.44 to $6.91 following their own re-brand last December. Meanwhile, when the camera manufacturer Kodak claimed to be focusing more on blockchain, their own shares rose from $3.10 to $10.70 in early January. Evidently, investors are hungry for a piece of anything that involves either of the two trending “B” words. The post Shares in Square Inc. Receive Boost From Old Crypto News appeared first on NewsBTC.

CartelCoin – Make Way for the Future of Supply Chain Management

The CartelCoin project envisions a world where manufacturers can know their customer and deliver to them directly. As they’ve stated, “Our objective is not to optimize the supply chain but to remove it.” This is a world that leverages the blockchain to enable group-buying power so everyone, from individuals to small businesses, can purchase regular and premium goods without bias, unnecessary delays and excess costs. By utilizing existing smart contracts, it aims to accomplish this initiative on a trustless chain, without a mediator connecting the two parties. It might not sound as flashy as some cryptocurrency projects, but this simple concept is set to have a remarkable global impact. The current supply chain dates back as far as the 19th Century and is completely outmoded irrespective of small improvements. CartelCoin has identified the weakest points of this model and proposes simple yet effective ways to disrupt it and unleash the future of the supply chain. A Simple yet Foolproof Project CartelCoin operates on the simplest premise, connecting businesses and consumers to the manufacturers directly, eliminating the need for third-party intermediaries. It is a straightforward concept that addresses a real market need, offering a foolproof yet amazingly simple solution. The project makes use of smart contracts and the transparent and immutable public ledger features of the blockchain to address the major loopholes in today’s supply chain model. In doing so, it offers a practical application that presents numerous benefits for everyone involved. To highlight its unique capabilities, they are creating an e-commerce platform that will enable the direct sales of goods from manufacturers to individual consumers. The forthcoming business-to-business platform holds much promise as well for suppliers and particularly, smaller outfits. Given that many small businesses must wait for months to place orders sizable enough to gain scale pricing, bulk buying will be considerably more attainable. The platform will operate on a global sphere, making it easy to satisfy manufacturers’ demands using group purchases. There are numerous cryptocurrency projects aimed at optimizing the current supply chain model due to its glaring shortfalls. What makes CartelCoin outstanding is that instead of attempting to optimize a broken system, it does away with it altogether. To date, the internet has only provided part of the solution, accelerating and streamlining the purchase process. But being centralized, it still carries major flaws of the old system and requires a disruption. This is where CartelCoin comes in with a multi-layered approach that offers the ideal platform, technology and payment system to completely revolutionize the supply chain. A Realistic Vision CartelCoin has a vision of providing a seamless e-commerce experience that will streamline the distribution of commercial goods and reduce wastage of natural and other resources. This is a realistic and attainable vision considering that the breakdown in the traditional retail model stems from factors that can be controlled. Wholesalers and manufacturers at the moment have to rely on middlemen in order to reach their consumers and make a profit from their business. The only way for them to run a viable business is by selling in bulk but to date it has not been possible to do this directly to the consumer. Retailers wield more than their fair share of power as they control prices and also compromise the consumer choice. Manufacturers have to play by their rules to fit in the retail supply chain or face denial of entry into the market. They spend almost 20% of any product’s value on marketing to woo retailers so as to get a piece of the pie. The CartelCoin model seeks to address this challenge by consolidating global orders for goods from individual customers that justify selling at wholesale prices. This approach will cut down their marketing and logistics expenses and assure them of unfettered access to their target consumers. The immutability of the blockchain makes it the perfect technology to support the vision as it is a self-operating, trustless model. Its decentralized structure minimizes transaction costs and uses smart contracts to guarantee fulfillment of obligations. This system offers a natural solution to the issues faced by the current e-commerce framework. Additionally, the existing financial system that supports internet commerce is in dire straits. This is evident from the endless fiascos between consumers and digital payment service providers. Simple processes like transaction reversals or cancellations are outrageously complex for no good reason. The CartelCoin model proposes the use of smart contracts to remedy this situation. When consumers make payments for goods, these are held in escrow until the manufacturer completes their end of the deal. Only then will funds be released. This transaction is feeless for consumers and the nature of the contract guarantees a simple return of funds in case transaction conditions are not met. MVP within 3-6 Months Unlike many blockchain proposals that sound great on paper but take a lifetime to execute, the CartelCoin model is already set to walk the talk. The platform is already under development and the project should have a minimum viable product (MVP) within 3-6 months from now. In order to achieve this, the developers are already ahead of schedule on the development of a user interface for the platform. At the moment, it is undergoing rigorous testing and is holding up impressively. A Vibrant Sales Team to Actuate the Vision The viability of any business proposal revolves around gaining traction with the target audience. Cartel aims to have a global community of users, both buyers and sellers encouraged to maintain a presence and open communication. The team behind this project is aware of the need for due diligence so as to make the proposal a reality. To this end, they are already recruiting sales teams ready to pitch the concept to the relevant parties and ensure that it gains rapid widespread adoption. An Honest Hard Cap CartelCoin plans to generate and issue a total of 100 million CartelCoin(CC) tokens, releasing the total supply into the market right at the onset. According to the team, this is meant to shield the token against value distortion and dilution that usually arises when coins are released gradually into the market. The 7.9 million hard cap for the ICO is an honest choice based on actual requirements to get the project off the ground. The platform will carry out an ICO in order to collect contributions for the 100 million CRTL coins and cap, compared to most, is notably low. The proceeds from this contribution will go towards developing and maintaining the innovative blockchain protocol, its deployment on the network and commercialization through marketing campaigns. New Updates CartelCoin already has an impressive website but the developer team is releasing a new and improved version for the ICO. The team is also updating the project’s whitepaper and executive summary. The new versions are more comprehensive than their predecessors with greater visual representation tools to offer higher appeal and help users understand the concepts with greater ease. The updated documents also incorporate more detailed roadmaps and clearly define the tokenization model. Keep an eye out for reviews on the project’s ICO as YouTube influencers are working on them and will be submitting their footage soon. This and the other above mentioned updates should be complete and ready for consumption by March 1, 2018. At the moment, the CartelCoin Telegram page is already live. You can hang out there, meet some of the team members behind the project and even ask burning questions. The whole team will be introduced to the public soon as the project works towards launching its full ICO marketing campaign. The first round already seems promising as it appears to have achieved “low cap gem” status in some popular groups. Embrace the Future with CartelCoin The current supply chain model has notable flaws and inefficiencies that negatively impact key players who should instead benefit from it. The CartelCoin project will revolutionize this system by improving the value delivery given to both consumers and manufacturers. It will also cut down costs, reduce the environmental toll and create a more efficient system of operation. 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.

U.S. Marshals to Hold Online Auction for 2,170 Bitcoin Seized by the Agency

The U.S. Marshals have put forth plans to auction off 2,170 Bitcoin it and other U.S. law enforcement agencies have confiscated in criminal cases. As of today, February 5th, the Bitcoins have a value of over $25 million. According to the Marshals Service, the online sale is set to take place on March 19th. The auction will consist of 14 separate blocks: two blocks of 500 BTC, 11 blocks of 100 BTC, and one block for 70 BTC. To participate, would-be bidders are required to submit a $200,000 deposit by March 14th, as well as fill out documents including a bidder registration form. The documents require the bidders to disclose a lot of personal information about themselves, their business, and their bank accounts. Where Did the Bitcoin Come From? The Bitcoin was confiscated in “connection with various federal criminal, civil and administrative cases.” The majority of the seizures were executed by the U.S. Drug Enforcement Agency, but other U.S. law enforcement agencies were involved too. A few of these cases, in particular, are of note: The Bureau of Alcohol, Tobacco, Firearms and Explosives are holders of some of the Bitcoin at auction. The agency acquired them from a man called Jason Moreira, who engaged with a federal undercover agent in a series of online purchases on the dark web where he eventually acquired weapons and a silencer. Moreira had instructed the agent to ship the package to a post office box in Hyannis, Massachusetts. Federal agents monitoring the post office box immediately arrested Moreira after he retrieved the package, subsequently seizing his Bitcoin (which he used to make the purchase). Another is related to the United States v. Shaun Bridges. Bridges, is an ex-Secret Service agent who was sentenced to 71 months prison after being accused of stealing funds during the agency’s investigation into the Silk Road, an online marketplace that operated on the dark web and used cryptocurrencies in attempts to skirt law enforcement. Past Government Auctions This upcoming auction is to be the third time the U.S. government has off-loaded Bitcoin it acquired through criminal asset seizures. On January 22nd, the U.S. Marshals auctioned off more than 3,600 Bitcoin to five winning bidders, an amount worth more than $30 million at the time. Also, in mid-2016, the agency sold 2,700 BTC. Worth noting here is that the coins on the docket that year were worth just $1.6 million at the time — today the coins would be worth a substantially larger $30 million. The post U.S. Marshals to Hold Online Auction for 2,170 Bitcoin Seized by the Agency appeared first on NewsBTC.

Zeroedge To Offer 0% Commissionon E-Sports betting

Online sports betting has been growing in popularity over the past few years and is now the leading form of online gambling in the world. An interesting niche within the world of online sports betting has also been growing and, while not yet quite as popular, is set to explode in 2018! Betting on E-Sports at Crypto Casinos If you are looking to get in on some hot ESports betting action at one of the emerging or established online crypto casinos you may find the pickings slim to say the least. This is because no crypto-based online casinos currently offer any sort of E-Sports betting, with one exception. Zeroedge online casino, a cryptocurrency-based online casino with its own unique cryptocurrency (ZeroCoin) is offering exclusive E-Sports betting opportunities, which no other crypto casino is able to do as yet. Even better, Zeroedge is offering an unheard of and unprecedented 0% commission for all their games! So, What Exactly is Zeroedge? Essentially, Zeroedge is the world’s first online casino that offers two unique advantages to the general online gambling public. Firstly, Zeroedgeruns exclusively on cryptocurrency (like Bitcoin for example) although, in this case, that cryptocurrency is Zeroedge Casinos own unique cryptocurrency called ZeroCoin. The second advantage, and by far the most significant, is the fact that Zeroedge, much like its name suggests, will be offering a true 0% house edge to its players. This essentially means that, unlike conventional online casinos, where they can enjoy a house edge (advantage the house has over the player) of as much as 10% in certain casino games, and 1% or higher in others. The old saying that the house always wins really does apply to conventional online casinos, as they have stacked the odds in their favour, meaning that you will never ever really win your games (not for long anyway). Since Zeroedge does not make any profit from the losses incurred by players, but rather through the increased value of ZeroCoin which is the main economy driver on the Zero Edge Casino’s network. How does Zero Edge revolutionary model work? ZeroEdge.bet offers 0% edge Casino games. World first 0% edge games attract demand for Zerocoin, because of this, its value rises. Players can play 0% games while Zerocoin price rises. Simply put, the ultimate solution to the problem is creating a platform where playing games is “free”. Players are not required to pay any fixed amount of money to be able to play at the casino. This can only be achieved by creating a closed loop economy with its own token where players purchase the token with fiat or crypto. Since the supply of ZERO is limited, its value is directly proportional to demand. Blockchain & Smart contract technology allow to create a fully transparent and truly fair gambling environment where players have more opportunities to participate, can completely trust the platform, and have a real chance of winning while at the same time being a part of a bigger community which fosters social inclusion and mutual values. Pre-ICO is Live with 79% discount & low hard cap – 1500 eth! Zero Edge is introducing its own unique cryptocurrency known as Zerocoin, the only way that gamblers will be able to participate in true 0% house edge online casino games through the Zero Edge online casino network. The value of Zerocoin is set to rise rapidly, as more and more people flock to Zero Edge to enjoy true 0% house edge games. This is also the perfect opportunity to learn about the pre-ICO or Initial Coin Offering which is set to start on the 28th of February 2018, closing out on the 15th of March 2018. During the Zerocoin pre-ICO, Zero Edge are presenting a no soft cap,while the hard cap is initially set at 1500 ETH. https://tokensale.zeroedge.bet The post Zeroedge To Offer 0% Commissionon E-Sports betting appeared first on Bitcoin Network, News, Charts, Guides & Analysis.

What is Asch Platform?

Asch is a decentralized blockchain platform that provides a public chain and an app Software Development Kit. This is the first system designed to give developers the ability to deploy completely independent blockchain applications. Asch’s goal is to solve the problem of blockchain fragmentation. Asch Tokens can be used across different blockchain ecosystems and exchanges. Asch combines DPOS and PBFT. DPOS is a consensus mechanism that is more decentralized and less resources intensive. PBFT solves the security risks of DPOS and effectively reduces the chances of bifurcation and makes the system more secure. Asch uses a side-chain extension mechanism that eliminates the need to carry application code in the transaction. This reduces the transaction data load and making the contract easier to execute. Asch uses a sandbox to run it’s application code. This protects the main chain from being destroyed by other hazards codes. Within the the blockchain ecosystem, Asch is a consensus mechanism. Asch uses DPOS + PBFT to facilitate these processes. When compared to the POW mechanism of bitcoin and Ethereum, one can see energy saving advantages. POW mining wastes a great deal of energy in order to protect the network security. The DPOS trustee mechanism is another advantage that Asch has over other blockchain platforms. Ethereum runs all the applications on one chain. This increase security risks. If there is a link error the result can be damage to the entire system. Asch uses cross-chain slicing technology, greatly reducing the system security risks. Studies show that Asch’s sidechain mechanism is easy to link with other blockchains, such as Bitcoin, Ethereum etc. In fact, Asch can easily implement various functions of ROOTSTOCK and QTUM chain. The team is also preparing for Asch to become a side chain of BTC. At the same time, Asch is actively developing version 2.0 and will implement the following functions in this new version. These include digital assets, authentication, simple contracts, decentralized storage, anonymous functions and master contracts, which can surly surpass other blockchain projects or teams. Please visit the official website http://asch.io/ for more details. 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.

Telegram on Track to Pocket Over $2 Billion From ICO Rounds, Despite SEC Prying...

Despite only running for four months, global messaging giant Telegram’s initial coin offering (ICO) is already on track to bring in one billion dollars — long before the product the company is raising money for is even built. Funding from the initial round of investors has already made the company’s launch the biggest ever. Telegram’s goal is to make it to over $2 billion total, a figure that will dwarf the previously largest launch which was conducted by Tezos and raised $232 million. This move comes as financial authorities around the world have been cracking down on some ICOs, which seemed to rise out of nowhere last year as a novel way for start-ups to raise millions and millions of dollars in short periods of time. Since the start of the year, the U.S. Securities and Exchange Commission (SEC) has been issuing subpoenas, demanding information about coin offerings that may have violated the law — the problem is that how to apply existing laws still remains largely unclear. Despite this, companies like Telegram are still proceeding with their offerings. Telegram’s ICO The company has taken in $850 million over the past two months from some of the biggest venture capital firms in Silicon Valley, and it is now aiming to raise another $850 million over the next few. Further, a third $850 million round is in the works after that, according to the company’s white paper. As per the white paper, Telegram plans to use its newly raised funds to create both a new kind of global computing network and a digital currency, the Telegram Open Network (TON), combining the attributes of existing virtual currencies like Bitcoin and Ethereum. Skepticism Some of Silicon Valley’s biggest venture firms have signed up to invest in the project, including Benchmark, Sequoia, and Kleiner Perkins, according to two people briefed on the private deal who asked to remain anonymous. That said, a lot of the venture capitalists that have invested other ICOs in the crypto-space have so far shied away: companies like Union Square Ventures, Andreessen Horowitz, Greylock, and Polychain Capital (according to the New York Times). Arguably the main reason the ICO is attracting skepticism is that there is not even a prototype for the project — just the white paper, which outlines what Telegram intends the project to look like in the future. The company’s team has promised to release the software late this year or early next year. “I cannot, in 132 pages, gain the slightest intuition as to how to go about proving that the hard problems it needs to solve will be solved,” Charles Noyes, an analyst at Pantera Capital wrote about the Telegram project. On the other hand, supporters of the Telegram ICO and project have said that the company has a team of developers that have already proven themselves by building two incredibly popular tech products, VKontakte and Telegram. Telegram The Telegram app has been popular in countries with authoritarian regimes because it guarantees that all messages are encrypted and protected from government snooping. It’s this pro-privacy stance that has made it popular with many in the cryptosphere. The company plans on using capital from its ICO to build a platform that rivals Ethereum. The Telegram Open Network (TON) is scheduled to be an ecosystem that supports apps, services, and a store — for both physical and digital goods. It aims to become an equivalent to the popular payment systems that other global messaging programs like WeChat have built. The post Telegram on Track to Pocket Over $2 Billion From ICO Rounds, Despite SEC Prying Into the Funding Method appeared first on NewsBTC.

Coinbase Hires Silicon Valley Dealmaker as Firm Explores Potential Acquisitions

The post Coinbase Hires Silicon Valley Dealmaker as Firm Explores Potential Acquisitions appeared first on CCN Coinbase has hired a former LinkedIn executive known for her dealmaking prowess as the cryptocurrency exchange and brokerage giant prepares to expand through a potential series of mergers and acquisitions. On Monday, Coinbase announced that it had hired Emilie Choi to serve as the company’s vice president of corporate and business development. Choi will be tasked The post Coinbase Hires Silicon Valley Dealmaker as Firm Explores Potential Acquisitions appeared first on CCN

Dubious ICO Lists Ryan Gosling as Team Member

An ICO for a company called Miroskii has been outed for listing Ryan Gosling as part of their team. The Chinese coin offering gives investors the chance to “join the Crypto Revolution” but there are several red flags over its legitimacy. The chief of these, of course, is their decision to include a stock photo of a Hollywood actor on their website. Miroskii Appears to be the Latest in a Growing List of ICO Scams On the Miroskii website, under the section listing the project’s team members, there is a headshot of Ryan Gosling, the star of The Notebook, Drive, and La La Land. The name accompanying the photo is “Kevin Belanger”. He is listed as an “experienced graphic designer with a clear focus on identities and illustration” for the company. Eagle-eyed Twitter user @CryptoShillNye pointed out the uncanny resemblance of the Miroskii artist and the A-list celebrity: Well, my twitter blew the fuck up today lmfao pic.twitter.com/mIalvZRqKL — Shill Nye The ICO Guy (@CryptoShillNye) March 4, 2018 Miroskii has presented themselves as a crypto coin aimed at revolutionising the financial industry. They claim on their website to have developed “highly secure encrypted decentralized blockchain technology.” Amongst the sea of buzzwords, it is stated that they have united experts from several countries where cryptocurrency is incredibly popular: China, Hongkong, Singapore, and Japan. As mentioned, there are several other causes for concern over the legitimacy of the Miroskii ICO. CNet highlighted that many of the other members of the team appear to be fraudulent too. Perry Henderson, a supposed CEO of various online companies, turns out to be a Texas estate agent, Joel Hermann, the founder of Mysterium Network, is, in reality, a lawyer from New York, and Craig Gulledge is actually Peter Roper a business consultant from the firm The Family Business Man. Further examples of the fake Miroskii team have been provided by Claus Wahlers. Miroskii also claims to have raised over $830,000 from private investors. This is despite them only having a combined total of seven followers on prominent social media platforms such as Facebook, Twitter, and Instagram. Whilst the Miroskii case appears to be the most blatant (and amusing) example of a fraudulent ICO, it highlights just how simple it is to create such a sale and dupe gullible investors into parting with their cash. However, most scam ICOs are much less easy to spot than the Miroskii effort. Such a proliferation of fraudulent companies associated with the revolutionary funding method has led to calls for greater regulation to protect investors in the space. The post Dubious ICO Lists Ryan Gosling as Team Member appeared first on NewsBTC.

What Is LBRY Credits?

With the advent of the internet, various art forms have become infinitely reproducible and shareable. This is in stark contrast to the way in which arts such as music were distributed in decades past. Today, with the blockchain offering customers a decentralized means of sharing content, most creative material is distributed as digital data that is essentially a string of 1s and 0s. LBRY can be thought of as the world’s first digital marketplace that is controlled entirely by its participants rather than some centralized governing body. In addition to being open, non-biased and user-friendly, LBRY is also quite efficient and employs a unique incentive design which makes it highly attractive. Furthermore, this platform creates a bridge between users and digital content like movies, books, games, and music. As a result, LBRY makes content access and delivery highly streamlined and hassle-free. Additionally, it should be noted that LBRY performs all of its internal transactions via a native protocol and not through the use of a proprietary service or network. Users of this platform do not need special access passes or permission cards to make use of the tools being offered. Overview of LBRY Owing to its technological capabilities, this platform decreases the cost of content creation. This service facilitates self-publishing in an efficient manner, thereby allowing artists to harness their full creative potential. Content creators can charge a fee for their digital data, allowing them to earn a steady stream of revenue on the side. All of the digital content published by LBRY is not localized to a specific server or computer. This makes the platform free of issues related to network failure and disruption. No single user or party can unilaterally remove or block content on the LBRY network. Key Features LBRY acts as a well-defined service protocol as well as an external protocol enabler. The native protocol provides the fundamental architecture of this system with its current technological capabilities. Similarly, the service layer which lies beyond the external framework provides users with a platform that helps them to discover and purchase a piece of digital content published by anyone in the world. LBRY’s user interface The primary LBRY application allows users to interface with the network, while the secondary client package helps power the native protocol to streamline content searching, payments, and downloads. In addition, the design of the platform is such that it allows users to passively earn rewards in exchange for contributing bandwidth, disk space, or processing power to the overall network. In addition to all of the aforementioned applications, LBRY can be used beyond the realm of standard computer-based services. This basically means that through the use of devices such as the LBRY television dongle, LBRY radio, and other existing content access mechanisms, this platform can be used across a wide array of digital mediums. How does LBRY work? To start off, we can see that the primary LBRY service module helps users source relevant digital content. Additionally, this platform also allows for the implementation of customized search features, making data acquisition highly streamlined. Not only that, owing to the use of metadata, all content is cataloged and stored in a much more efficient and secure manner. A simplified sample entry of metadata within the LBRY blockchain At this point, it should be mentioned that content discovery on LBRY takes into consideration featured data which is distributed through special channels that enhance overall data flow within the ecosystem. From a distribution standpoint, LBRY uses a P2P model in lieu of a server-client model, which greatly improves financial transparency. In addition, content can come from a wide range of sources and cannot be stifled or controlled by any third-party organization or user. Lastly, it should be noted that all internal transactions are governed by a native currency called LBRY Credits. These tokens are used to maintain balances internally and settle a smaller number of transactions to the core chain. About LBRY This project is the brainchild of Jeremy Kauffman who also serves as the company’s CEO. Jeremy has been involved with blockchain for nearly a decade and has been involved in a wide array of start-up projects that make use of decentralized technologies. According to his LinkedIn profile, he previously founded TopScore, a startup that deals with monetary transactions in the multi-million dollar range on a monthly basis. Alex Grintsvayg is the project’s chief technical officer. He holds multiple degrees in computer science and psychology from Rensselaer Polytechnic Institute and previously worked on SaaS as an infrastructure engineer. Token Performance History Since its launch back in late 2016, LBRY has remained relatively stable in value over the past couple years. LBRY token one-year performance data (courtesy of Coinmarketcap) Upon its launch, the value of a single LBRY token was around US$0.64. The currency hit its market high on the 14th of January, 2018 after rising to an impressive price of US$1.19. However, as of March 5, 2018, LBRY’s price is US$0.48. Final Thoughts With so many developers looking to create decentralized content distribution platforms, LBRY comes with a pre-existing solution that is not only intuitive, but highly accessible to everyone. Owing to its low fees and overall usability, LBRY has the potential to change the way creative content such as music, TV shows, and movies are distributed among network participants in a transparent yet efficient manner. However, like any other investment, users should do a bit of research themselves before they invest big in this currency. If you would like to purchase LBRY tokens, trading pairs are being offered on a host of online exchanges including Bittrex, Poloniex, and Cryptopia.

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NASA finds a more circular Tropical Cyclone Lorna

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