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MOBU STO – A Security Token Issuance Platform With a Twist

If you have been in the cryptocurrency space for the past year I’m sure you have heard of ICOs. These are investment vehicles utilizing crypto that pulled in hundreds of millions of dollars worth of funding for various projects. The biggest problem with ICOs was the unregulated nature of the offerings which subsequently resulted in many scams and failures. As a result, a new trend is emerging called STOs or Security Token Offerings. Just like with ICOs, STOs allow interested investors to contribute to a project. However, the biggest difference is that STOs are highly regulated and the platforms that issue those securities must adhere to rigorous rules set in place. Furthermore, not everyone can participate in an STO, usually the person must be an accredited investor and also must pass KYC verification prior to contributing funds. As with ICOs there are various issuance platforms for STOs, some of the more notable ones include Polymath, TokenIQ, Securitize, Swarm and much more. This is where MOBU comes in. MOBU is a security token issuance platform that will allow companies looking to run an STO to be able to execute it up to regulatory standards. The best thing about MOBU is that they plug into the already successful ERC20 token standard. According to their whitepaper: “The MOBU abstract smart contract will contain the code that is required by the STOs to conform to the MOBU ERC20 platform and the MOB20 standard protocol to adapt to the ideas and requirements of MOBU.” The twist when it comes to MOBU is that the security token issuance platform is running an STO of their own – STOception! By contributing to their STO, one is essentially betting on the platform’s success. When investing in the STO, one will get MOBU tokens in return. According to the whitepaper, the token’s revenue will come from various fees the platform will charge for listing STOs and transactions on the platform. Furthermore, there are already five confirmed issuers that have signed up on MOBU. One does have to be an accredited investor in order to participate and one also has to pass KYC verification as with most other STOs. The minimum investment requirement is 1 ETH which is quite low compared to some other STOs. The STO started on February 1st, 2019 and will commence until April 30th 2019. Originally Appeared on STOCryptoList The post MOBU STO – A Security Token Issuance Platform With a Twist appeared first on NullTX.

From TRX to BTT: Justin Sun outsmarted crypto world again – ICO giving birth to another ICO

The TRON Foundation acquired BitTorrent for $140 million last year. They raised $7.2 million in the BTT ICO and their price rose 900% in a matter of days. Last week, the Initial Coin Offering for the new BitTorrent token (BTT) took place, an event that raised about $7.2 million in just 14 minutes by selling a total of 59,800 billions of tokens. Because of the impressive figures, many consider the acquisition of BitTorrent to have been the Tron Foundation’s smartest business. Social media users have suggested that both the acquisition of BitTorrent and the launch of a cryptocurrency for the platform has been a win-win business for the Tron Foundation, as the firm not only acquired a successful company, but has also multiplied its profits with a token that continues to gain value as days go by. BitTorrent is one of the most popular download and file transfer platforms on the Internet, operating since 2000 on the Web as a peer-to-peer (P2P) system. After nearly two decades of work and a total of 100 million users who collaborate by sharing files with each other, like a swarm, BitTorrent was acquired by the Tron Foundation last June 2018 for 140 million dollars. The Tron Foundation is led by Justin Sun, CEO of the Tron cryptocurrency project, which conducted one of the most successful ICOs of 2017. The purchase of BitTorrent generated many controversies within and outside the cryptocurrency community. This is due to the fact that the Tron initiative was strongly criticized from its financing event and later development of the network, highlighting a possible plagiarism in its White Paper. Beyond the polemics, Tron has managed to position itself in the cryptocurrency market, surpassing Ethereum in terms of user and transaction volume in its decentralized applications (dApps). Also, the purchase of a company as successful as BitTorrent further raised the profile of the project by deciding to create a token to introduce incentives to the network. A token such as the BTT had already been taken into account by BitTorrent engineers prior to the sale of the company, as an incentive system could lead to faster file processing on the platform. Simon Morris, a former BitTorrent executive specializing in blockchain, said the company had already thought about adopting or developing a blockchain that could process thousands of transactions per second, a task that Justin Sun assures the Tron network will do. The BTT Initial Coin Offer was announced on January 4 by Binance, an exchange platform that launched a platform to carry out ICO´s and would launch the new BitTorrent token. The critics were not long in coming. Personalities from the cryptocurrency world – among them the co-founder of Lightnint Labs, Elizabeth Stark – considered that Tron, an initiative that had been created as an ICO, was planning to enrich itself by launching a second Initial Currency Offer for BitTorrent, labeling the entire activity as “the ICO of the ICO”. Binance’s support in launching the new token quelled the controversy. Speculation around the commercial possibilities of BTT generated a favorable market sentiment for the Initial Coin Offering. By the end of January, when the token was sold, BTT was sold out in a record time of just 14 minutes, an event that recalled the ICO fever in 2017. In less than half an hour, the BitTorrent token raised $7.8 million in net earnings with tokens from TRON and Binance Coin. The value of BTT has skyrocketed 870% since its launch and today its price is 0.000967 US cents, after it had its first drop of 14% between 5 and 6 February. It is worth noting that this token is not yet useful, as it has not yet been integrated as an incentive system in BitTorrent. In this sense, it could be said that it has been overvalued, since it can only be used in the future to pay for faster downloads in BitTorrent. Given that these figures are favorable for the Tron Foundation, social media users point out that this has been a very well played marketing effort. The Tron Foundation now not only has profits from its own token (“TRON”), but also receives profits from BitTorrent, the BTT ICO and the BTT prices, since the company owns 40% of these tokens, according to ICODrops. The post From TRX to BTT: Justin Sun outsmarted crypto world again – ICO giving birth to another ICO appeared first on DecentralPost.

Accredited-Investor Checks Get Easier as Glyph and 3 Crypto Firms, Polymath, Swarm and Dealbox, Partner

Glyph, a decentralized identity start-up, has made the decision to join forces in a partnership with three digital securities companies, in a bid to create more convenient and easy approaches to ID verification. The three companies involved are Polymath, Swarm and Dealbox. According to Glyph’s founder, James Greaves, the partnership seeks to make accredited-investor checks as easy as ordering a book on Amazon. Greaves said: “Our technology handles any identity use case but we are very focused on accredited investors,” The founder also revealed that Glyph intends to add six more companies to its current partnership arrangement. About Identity Today, the identity space is becoming increasingly crowded with many companies slowly joining in. Some companies including Civic, Soyrin and uPort have begun to let users explore new ways to control how much of their information is publicly shared online. Richard Chen, an investor with 1confirmation, has said that “Identity is one of the most important missing pieces of Web 3 infrastructure.” However, unlike most other companies, Greaves says that Glyph intends to start somewhere without biting more than they can chew. “Let’s just start with accredited-investor checks…most identity companies try to come in and own the whole piece,” Greaves said. Other Details Currently, there are about 10 million households in the U.S. that comfortably fit the set criteria set for becoming an accredited investor. The partnership, for Polymath, generally means that Glyph is now one of two platforms for verifying accredited investors. These investors are basically people who have a considerably high net worth. Graeme Moore of Polymath says that “When you have to get your accreditation status checked every 90 days that can be a real pain. Glyph does a better job than most solutions we’ve seen in terms of allowing investors to control their own identity.” Graeme basically believes that the incorporation of third-party services will generally make the platform very easy and less stressful to use and interact with. The platform is used for creation of tokens that work with today’s current securities laws.
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Tron and Binance Coin Make Big Gains Ahead of the BitTorrent Token Sale

CoinSpeaker Tron and Binance Coin Make Big Gains Ahead of the BitTorrent Token Sale This launch follows the platform’s announcement earlier this month about its launch of new blockchain projects. As they said from the company, as a part of their continued support for transformative crypto and blockchain projects worldwide, Binance Launchpad will be helping BitTorrent to launch BTT, not only by providing a launch platform but also by offering a full advisory service. Binance Research, the institutional-grade research division of Binance for blockchain projects, has now a new research report on BTT. Many internet users today are familiar with the BitTorrent peer-to-peer protocol invented by Bram Cohen that powers the torrent clients used around the world. The addition of the BTT token extends the familiar protocol to create a token-based economy for networking, bandwidth, and storage resources on the existing Bittorrent network, thus providing a way for network participants to capture the value of sharing bandwidth and storage. Users of torrent clients are familiar with challenges such as slow downloads and files that become unavailable over time. By creating incentives for users to share, the token will enable faster download speeds and better swarm longevity for the entire network. The token sale for BTT is being conducted in advance of BitTorrent’s plan to launch BitTorrent Speed, a new solution that connects and rewards users with BTT for sharing files in a peer-to-peer network, this summer. TRON-Based Tokens Making the Top 10 Crypto Tron, a decentralized app platform looking to rival Ethereum, has leaped higher over the last 24 hours, adding more than 10% and making the top 10 cryptocurrency worth more than $2 billion in total for the first time since August. According to @CoinMarketCap, #TRON ranked 7th, the price of #TRX is $0.02990, market value reached $1.993B which exceeded that of #LTC and #XLM. Go #TRON. $TRX pic.twitter.com/V6gloK32bS — Justin Sun (@justinsuntron) January 27, 2019 The Tron price has now passed both Litecoin and Stellar after a strong few months to take the seventh spot in the rankings of world’s biggest cryptocurrencies by market capitalization, according to CoinMarketCap, which tracks most major digital tokens. The sale will begin at 3 pm (UTC) and will take place in two sessions where investors can invest with either TRX or BNB. The two sessions will occur in this format: TRX Session – 35,640,000,000 BTT (60% of the public sale) BNB Session – 23,760,000,000 BTT (40% of the public sale) As Justin Sun indicates in the tweet below, the BitTorrent Token (BTT) goes on sale on January 28th on Binance Launchpad: BitTorrent $BTT will be exclusively available on #BinanceLaunchpad on Jan. 28th, 2019 at 7 AM PST! 👉 $TRX session https://t.co/3c1SSfFuDv 👉 $BNB session https://t.co/rrp2F3kbCC pic.twitter.com/lJ7t0I58xa — Justin Sun (@justinsuntron) January 17, 2019 In both cases, there is a limit of $20,000 that any single investor can make with either token. The minimum amount, however, is 100,000 BTT and a single BTT token is worth about $0.000177. While the sale is supposed to last till February 3rd, it could be terminated early if the hard cap is reached before then. Once tokens are paid for, they will be distributed within 15 days and there will be an additional BTT token airdrop on February 11, 2019. Here is what the TRON developers’ documentation has to say about the two types of token that operate on the TRON platform: “TRC-10 is a technical token standard supported by TRON blockchain natively, without the TRON Virtual Machine (TVM). TRC-20 is a technical standard used for smart contracts on the TRON blockchain for implementing tokens with the TRON Virtual Machine (TVM). It is fully compatible to ERC-20.” What is a BitTorrent Protocol? BitTorrent is “a communication protocol for peer-to-peer file sharing (P2P) which is used to distribute data and electronic files over the Internet.” Sending or receiving files is done via a BitTorrent client, i.e. a program that implements this protocol, that is running on an internet-connected computer. Designed in 2001 by American computer programmer Bram Cohen, the BitTorrent protocol can be used to reduce the server and network impact of distributing large files. Rather than downloading a file from a single source server, the BitTorrent protocol allows users to join a ‘swarm’ of hosts to upload to/download from each other simultaneously. Using the BitTorrent protocol, several basic computers, such as home computers, can replace large servers while efficiently distributing files to many recipients. Tron and Binance Coin Make Big Gains Ahead of the BitTorrent Token Sale

‘XRP Army’ Accused of Harrassment After Intense Debate Over the Token’s Market Cap

Over the last few months, there’s been a lot of discussion about the company Ripple Labs and the digital token XRP. A recently published report on the market valuation of XRP, authored by the cryptocurrency data startup Messari, has caused quite a stir among the community. After Messari’s founder Ryan Selkis shared an article concerning the XRP study, he claims someone called his phone and harassed him. Also read: Fork Debate Drops to New Low, Outspoken Developer Lopp’s Home Surrounded by Police High up Ripple Community Members and Executives Asked to Denounce Harassment If you’ve been involved in the cryptocurrency scene on social media or forums, you probably noticed the intense debate between XRP proponents and other digital currency communities. There have been many fierce arguments in regard to Ripple Labs and XRP’s relationship, the billions of tokens held in escrow, and whether or not the network even deserves to be called a “blockchain.” Moreover, XRP has done well, as far as fiat value is concerned and has garnered a lot of attention and supporters over the last two years. More recently, however, there have been talks about a group of proponents the community has dubbed the “XRP army” and if someone makes a negative statement about the token, then a swarm of supporters will rebuke the statement and say very negative things about the individual. On Jan. 24, Messari founder Ryan Selkis shared the story about how the cryptocurrency data startup had contested XRP’s market capitalization and he received a lot of backlash on social media. Many XRP supporters called Messari’s study “FUD” and a Ripple spokesperson said the report had “several inaccurate assumptions.” Selkis says his team sent the entire report to well known Ripple community members and executives in advance and also highlighted things they needed clarity on. Ripple chief executive Brad Garlinghouse also dismissed Messari’s study and asked: “When will media coverage of this industry mature?” However, soon after that, things went from a simple discussion to alleged harassment. According to Selkis, someone called him after the Messari study was published and intimidated him. “Someone just called me from a Nashville number and recited my wife’s birthday to me — Then hung up — [Brad Garlinghouse] these are the type of animals you and your fucking company enable,” explained Selkis on Twitter. After Selkis made the statement, a person responded by saying: “FYI Ryan bro, you took the first shots.” Selkis continued by saying he will be getting the FBI involved if there are a total of three harassment calls. Messari’s founder stated: I want Ripple, [Brad Garlinghouse, Monica Long, Cory Johnson, Joel Katz, and Warren Anderson] to denounce any XRP community threats against my family. I’m going to the FBI and local police after three calls — Ensuring our family doesn’t get swatted. Community Members Discuss Past Memories of Crypto-Harassment and Threats The harassment has brought back memories of other cryptocurrency industry members and developers who have also been harassed in the past. The well known bitcoin developer Jeff Garzik had a similar experience when he was the lead maintainer of the Segwit2x project. “This is what happened to me and my family during Segwit2x brouhaha and local police and the FBI were called then, too — There are some sick parts of this community,” Garzik explained on Twitter in response to the statements Selkis made. In response to Garzik’s tweet, Bitcoin developer Jameson Lopp asked him: “On a scale of 0 to 10 how helpful did you find law enforcement to be?” Lopp was also harassed last year allegedly because of the Segwit2x scaling debate as well. In fact, the developer was “swatted,” an act when someone calls the local swat police to barge down on someone’s home when they haven’t committed a crime. During the early morning hours, Durham, North Carolina police were dispatched to Lopp’s home as they were told there was a hostage situation. So far there’s been a lot of community response on forums and social media in regard to Selkis telling Ripple executives and developers they should denounce this behavior. What do you think about the so-called “XRP army” on forums and social media? What do you think about the experience Selkis has had with Ripple’s most faithful proponents? Let us know what you think about this subject in the comments section below. Image credits: Shutterstock, and Twitter. At news.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published. The post ‘XRP Army’ Accused of Harrassment After Intense Debate Over the Token’s Market Cap appeared first on Bitcoin News.
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Swarm and Security Token Network Partner To Deliver Commoditized STOs and Drive Transparency

Swarm and STN today announced a partnership to deliver STOs on the Swarm platform. In addition the two companies will collaborate to drive forward security token industry standards and transparency. The article Swarm and Security Token Network Partner To Deliver Commoditized STOs and Drive Transparency was first published on Security Token Network.
Security Token Network

Swarm Offers Free Issuance of Security Tokens

Non-profit blockchain project Swarm, which provides an open infrastructure for digital securities, has launched a no-fee issuance of security tokens. “In the year since Swarm launched, we have seen overwhelming global demand from projects seeking to issue digital securities. We’ve also seen significant barriers in the cost and complexity of compliant issuance solutions. To meet that demand […] The post Swarm Offers Free Issuance of Security Tokens appeared first on Blockchain News.
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Swarm to create Security Tokens for FREE

Free TokenizationLaunching digital securities just became a little easier for interested companies. In a just released statement, Swarm, has announced they now offer ‘no-fee issuance of digital securities’.This no means that not only can investors take part in security token offerings with no fees, but no asset owners can join them in the savings.Speaking on the decision to provide free tokenization was Swarm CEO, Philipp Pieper. He stated the following,“In the year since Swarm launched, we have seen overwhelming global demand from projects seeking to issue digital securities. We’ve also seen significant barriers in the cost and complexity of compliant issuance solutions. To meet that demand and scale the adoption of digital securities, we have designed a way to not only make tokenization free, but to reward token issuers in the process,”Intimidation FactorSwarm has made it a goal of theirs to lower the barriers of entry into the market. Until recently, the idea of tokenization, and issuance of digital securities, was an intimidating thought.  For instance, here are a couple other articles in which we discuss developments by Swarm.Swarm gains support for FIAT through Mercury FXThe Growing World of Security Token Protocols : SRC20The aforementioned press release marks yet another way in which Swarm has made the process easier for those interested.Singing Their Praise‘TheArtToken’ is one of the most successful STOs to be hosted on the Swarm platform. This fund, which provides investors with fractionalized ownership of post-war and contemporary art, recently raised great than $16 million. Services rendered by Swarm, facilitated the entire process.Levent Süer, representing ‘TheArtToken’, commented on the alliance. He stated, “Swarm has always been on the leading edge of tokenization. Their platform made it easy for us to issue TheArtToken to the specifications of our legal counsel, and their model enabled us to focus our budgets on legal, marketing, and other crucial costs. Their stake-to-issue model not only gives us skin in the game, but the extra incentive of staking rewards means that in addition to paying no fees, we now earn SWM each month,” said Levent Süer of Fine Art Digital / XBlocks.For more information on ‘TheArtToken’, check out our recent article detailing their goals.TheArtToken : Preserving Wealth on the Blokchain – With ArtBTC MiamiSwarm CEO, Philipp Pieper, will make an appearance as a guest speakers at the ‘North American Bitcoin Conference’ in Miami.  This event provides a perfect stage to convey what it is Swarm does, and how they are advancing the digital securities sector.SwarmSwarm is based out of Palo Alto, California. The company was launched in January of 2018, and represents a decentralized capital market place. For example, they offer a range of services which facilitate the tokenization, sale, and issuance of company assets.Swarm was named after the idea that through their services, asset creators would gain access to ‘swarms’ of investors.The post Swarm to create Security Tokens for FREE appeared first on Securities.io.

Swarm announces free tokenization of assets. Introduces staking model that rewards token issuers.

MIAMI, FL [NORTH AMERICAN BITCOIN CONFERENCE] , Jan. 17, 2019 (GLOBE NEWSWIRE) -- (via Blockchain Wire)  Swarm (www.swarm.fund), a non-profit providing open infrastructure for digital securities, announced today the launch of no-fee issuance of digital securities, also known as security tokens. "In the year since Swarm launched, we have seen overwhelming global demand from projects seeking to issue digital securities. We've also seen significant barriers in the cost and complexity of compliant issuance solutions. To meet that demand and scale the adoption of digital securities, we have designed a way to not only make tokenization free, but to reward token issuers in the process," said Philipp Pieper, CEO and Co-Founder of Swarm. Free tokenization and issuer staking join Market Access Protocol (MAP) and the recently introduced fiat investor gateway as the ...Full story available on Benzinga.com

Decentralized File Storage: Five Projects To Replace The Cloud

Data generation is on overdrive, and consumer requirements are far outpacing the capacity of individual hard drives. Current estimates suggest that 2.5 quintillion bytes of data created every day, flooding out of numerous connected devices.  Most cloud storage solutions rely on systems like Dropbox, Microsoft OneDrive, Google Drive, and Apple iCloud Drive.  These platforms are highly centralized, with single points of failure that are highly susceptible to breaches. Thus, they undermine privacy, keep the prices of data storage high, and are prone to errors resulting in costly Internet outages down the line for users. Decentralized storage is now gaining traction as a secure solution.   Starting with Interplanetary File Storage, several crypto projects are seeking new ways to secure user data. These are the main players in decentralized file storage: InterPlanetary File System The IPFS Protocol is a P2P (peer-to-peer) distribution protocol that attempts to “connect all computing devices with the same system of files,” just like the documents in your hard drive. Although similar to the Web, IPFS is more similar to a BitTorrent swarm, which exchanges objects with a GitHub repository. Unlike the web, data on IPFS has no single point of failure, and nodes don’t need to trust one another. IPFS in itself is becoming a primary subsystem of the internet,  which could complement or even replace HTTP.  The system combines ideas from previous P2P systems such as BitTorrent, Git, self-certified filesystems (SFS), and distributed hash tables into a single cohesive ecosystem, that distributes large data while allowing for writing and deploying applications. Since the data is content-addressed, nodes don’t need to trust each other. Instead, they connect, transfer, and store objects (i.e. files and data structures) in local storage. Here’s what happens when you add a file to the IPFS Protocol: Each data file is given a cryptographic hash, which functions as a unique fingerprint. IPFS removes duplications across the network and tracks the version history of each file. Each network node only stores what it is interested in, while indexing the information to help determine who is storing what. Anytime someone wants to look up a certain file, they ask the network to find nodes storing content associated with the file’s hash.  However, IPFS is not free of limitations, and the lack of concrete incentives cause a barrier for long-term file storage. Several projects are seeking to overcome these problems by allowing users to pay for storage with cryptocurrency. Storj  Storj is the market leader of decentralized storage with a community of about 20,000 users and 19,000 storage providers. The project is currently in public alpha, and costs $0.015 per gigabyte of storage per month, according to the website.  In the Storj protocol,  nodes are selected to host data based on ping time, throughput, and other criteria. Users will not have to choose a specific timeframe to store their files, as the data will remain there indefinitely until it is removed. The protocol utilizes sharding, encryption, and swarming models to split and recompile files. Currently, Storj is “payment agnostic” but uses the ERC-20 token STORJ to compensate storage providers. In the future, the platform says it will offer payments through other cryptocurrencies, fiat currencies, credit,  or “even physical transfer of live goats.” SiaCoin When it comes to having a viable product, Sia is one of Storj’s top competitors. As of the time of writing, it costs $0.28 to store a terabyte of data for a month, with small fees for uploading and downloading data, as well as contract formation.  Sia maintains storage through smart contracts. Each file is split into thirty encrypted segments, but can be rebuilt using only ten of these segments. Records in the Sia network are encrypted, in the same manner as those on Storj. Each host then promises to store data for a specific length of time, which can be cryptographically verified without exposing the data. The host is then compensated for every proof they submit, and penalized for missing proofs. Sia has its own blockchain, which supports the smart contracts that are used to send and manage files, as well as making storage proofs to be publicly available and verifiable. Therefore, it needs miners to support its blockchain and rewards them in SiaCoin. FileCoin FileCoin is a project from Protocol Labs, the same company that has successfully deployed IPFS. It’s widely known for launching one of the most successful ICOs, which raised over $200 million in token sales. It also has backing from players such as Kamal Ravikant and Andreessen Horowitz. With Filecoin, users are able to program how long they’d like to offer or provide services. The FileCoin data service does not rely on a single coordinator, but rather a client, storage miner, and retrieval miner.  Clients pay to store and retrieve data, storage miners earn tokens by offering storage, and retrieval miners earn tokens by delivering the data. The mining power, or the amount of data stored per miner, is proportional to the amount of active storage. This is expected to incentivize “miners to amass as much storage as they can, and rent it out to clients.” The decentralized storage provider states its cloud storage network provides security as stored content is encrypted end-to-end, and storage providers do not have access to encryption keys. FileCoin is expected to launch in the middle of this year. Swarm Swarm is a decentralized P2P storage and sharing service that stores all of its data in nodes, and operates as a native base layer of the Ethereum Web3 stack. The protocol seeks to cache “Ethereum’s public record, in particular to store and distribute dApp code and data as well as blockchain data.” In order to attack the Swarm network, one would need access to all the nodes at the same time – which would require hundreds of supercomputers. Swarm operates with an upload and disappear model, which allows users to upload content, which can then view it offline via synchronization. Synchronization is a procedure that allows nodes to continuously pass data and information between one another. The protocol is still in its Proof of Concept stage and currently operates on the Ethereum TestNet. A future in distributed storage networks? Decentralized solutions may soon make an impact on the future of storage systems. Although these systems require several improvements before they can become stable, statistics reveal a growing global demand. Additionally, they are incredibly low-cost, transparent, and more secure than present systems. However, decentralized cloud storage will not happen overnight, and many roadblocks can be expected before mass adoption.   The author is invested in Ethereum, which is mentioned in this article.   Join the conversation on Telegram and Twitter! The post Decentralized File Storage: Five Projects To Replace The Cloud appeared first on Crypto Briefing.

Tron [TRX]’s Justin Sun: BitTorrent token [BTT] is just the first step

Justin Sun, the CEO and Founder of Tron Foundation spoke about the utility of the BitTorrent token [BTT], during the recent livestream on the official Youtube channel. The CEO also spoke about the projects that claim to provide the same solutions as Tron and the difference between the projects. The CEO stated that introducing the reward mechanism in the BitTorrent protocol is the very first utility of the BTT token. He went on to say that the Foundation is considering to expand decentralized storage bandwidth and embed the decentralized application into BitTorrent network for the future. He said: “So this is just the first step. I think in the future BTT will definitely have like a more user case and become even I think the one of the largest decentralized user case in the world.” This was followed by Justin Knoll, the Project Lead of Project Atlas stating that at present the white paper focuses on accelerating BitTorrent downloads. He stated: “so if someone has a torrent and you want to get pieces of it you can get it more quickly with the token but that’s bandwidth right. That’s bandwidth for BitTorrent uploads, you could imagine something where instead is storage where if you want to store something persistently you can ask people in a swarm to store pieces and exchange for incentives” Knoll went on to say that BitTorrent is that “vehicle” to release it initially to a giant audience, which is summed up to be around 100 million active users on a monthly bases. Furthermore, Sun spoke about other projects claiming to provide the same solution, stating that the user base of most of these projects is way less compared to Tron’s, adding that the Tron telegram group has more active users. The Founder went on to say that this time there is a massive difference between Tron and other projects, mainly because of the BitTorrent protocol as it has “hundred million” users every month. He said: “So, this is a real huge user case and I think the the network effects also play in this industry for sure right. BitTorrent and Ethereum they achieve like a huge success and it’s because everybody in the world used the blockchain to transfer the protocol, to transfer the tokens stuff like that.” He stated that this is the same with BitTorrent as well, adding that they will have a higher chance to succeed when the decentralized applications are introduced to the industry. The post Tron [TRX]’s Justin Sun: BitTorrent token [BTT] is just the first step appeared first on AMBCrypto.
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XRP, BAT and Dash are The Favorite Cryptos Among Uphold Users

A recent report published by Uphold revealed that the most popular tokens among its users are XRP, BAT, and DASH. The investment in these cryptocurrencies has increased considerably during the period from January 2018 to January 2019. According to information from AMB Crypto, Uphold reported that despite the sharp drop in the prices of cryptocurrencies, its user base reached record stats: Not only did they increase their userbase to more than 1 million registered users, but the number of funded wallets and transactions also grew by more than 2X compared to last year. The Uphold team revealed that altcoins played a special role in the growth of its platform. Dash had the highest increase, followed by Basic Attention Token and Ethereum. However other tokens such as BTC, LTC, and BTG also reported significant growth despite the negative performance of the markets: Holdings of all currencies increased materially over the period, but DASH and BAT were the 2018 standouts (up 281% and 183% respectively). Uphold also saw good growth in holdings of ETH (up 70%), BTG (up 54%), BTC (up 41%) and LTC (up 24%) Uphold Explains The Reasons Behind The Popularity of Every Token According to the firm’s analysis. The growth rate of BTC, LTC, and ETH was lower than last year. Apparently, the public lost interest in these cryptocurrencies to focus on other more attractive alts such as XRP, which grew from 0 to 39% from March 2018 to January 2019. Uphold Interface The growing interest in XRP is consistent with the intense media presence that Ripple has had in the community over the past few months. The launch of xRapid and the numerous partnerships with essential players in the world of finance increased the trading of this cryptocurrency which eventually reached number 2 in the global market cap. Something similar happened with Basic Attention Token. The cryptocurrency is strongly pushed by Brave browser. The popularity of the browser and the positive rating of several specialized sites, as well as the launch of BAT trading in Coinbase Pro, were critical for the token to become one of the favorites among Uphold users. Uphold finally attributed DASH’s growth to a successful campaign in which they made their philosophy have an important influence on the community. “DASH represents itself as digital money which can be used to make instant, private payments online or in-store using its secure, open-source platform hosted by thousands of users around the world.” The post XRP, BAT and Dash are The Favorite Cryptos Among Uphold Users appeared first on Ethereum World News.
Ethereum World News

New Shapeshift Crypto Exchange Rebrand Plans Announced by CEO Erik Voorhees at ETHDenver

At the recently held ETHDenver, ShapeShift CEO Erik Vorhees announced that his company would be undergoing a major rebranding exercise in 2019. The first step in this will take place on Monday, February 17, 2019. During this time, the exchange will begin holding a closed beta programme where selected users will be invited to test out a new and improved version of Shapeshift. The new version, Vorhees says, will focus on improving on the user experience. These improvements will include making the user interface simpler and synchronizing the use of all the exchange’s products including its cryptocurrency pricing tracker CoinCap. This Information was made available by the CMO of ShapeShift Emily Coleman. Besides making this announcement, Vorhees also spoke at a panel focused on leadership “in times of ambiguity.” In this panel, he was joined by founder of cryptocurrency micropayments service Earn.com Lily Liu, CSO of ethereum venture capital studio ConsenSys Sam Cassatt, and co-founder of decentralized application platform Holochain Arthur Brock. Tough Calls As part of the discussion, the panelists were asked what the hardest decision was that they have had to make in the running of the business. “If you’re going to be a company in the crypto industry, you’re attached to the severe market cycles of the industry. That’s full of good and bad,” said Voorhees. Vorhees, on his part, said that the hardest decision he had had to make was the introduction of know-your-customer protocols on the exchange last year. “I felt like I had to do something morally wrong to allow the company to persist…It’s a really awful position to be in,” said Voorhees. According to Vorhees, the decision was a hard one because he was personally against the idea of asking users to give up their personal information. He eventually conceded to the decision as a form of picking and choosing his battles and considering the long-term implications. Despite the tough decision that was made, Vorhees is still confident that, in the future, people will be able to carry out transactions in a completely decentralized manner and without any censorship or interference. “Society is comfortable about this idea that people should be able to talk freely with each other … the fact that money is treated differently is a huge injustice. I hope that crypto breaks that discrepancy,” he said. Despite the CEO’s optimism, the company has faced some challenges in recent times, especially with having to lay off a third of its staff due to the crypto price slump.
Bitcoin Exchange Guide

Federal Judge in Crypto Proceeding Re-examines Blockvest (BLV Token) Case

In November of 2018, a California federal judge refused to approve a preliminary injunction as was requested at the time because there were a few inquiries and it was yet to be determined if, based on the Howey Test, the token in the case was a security. However, the same judge seemed to have re-assessed the situation and has made the decision to grant a motion the SEC’s requested, for Partial Reconsideration. Details of the Case The SEC, at the time, had charged a few offenders on account of transacting business involving sales of securities that were unapproved and not registered. The tokens, called BLV tokens, were defended by their stakeholders with the claim that they had been pre-approved by the CFTC, the National Futures Association and even the SEC. The accused also claimed on their website, that they had received approval from an agency called the “BEC”, although that seemed to have been fabricated. The Re-Assessment Generally, it almost never happens that during a prosecution, a federal judge will have a change of mind. This only happens when a motion for re-examination has been put forward. However, when a case has new evidence or laws have been changed or wrongly applied, a judge could consider a change of mind. The judge has now decided that the information on the accused’s website contained offers for transacting in unapproved tokens and this still holds water whether or not a transaction was completed. The Howey test is a divided into three parts and all three were violated. The accused expressed their opinion that an injunction is too much of a response from the courts especially because some progress had been made regarding admittance of guilt, an addition of a proper counsel to the team and the decision for these people not to do an ICO. However, the court did not agree especially because of the made up agency – BEC – and many other different falsities. The court also considered the possibility that the accused might not discontinue all the wrongdoings. Reactions to the case and the court rulings have been polar with some proclaiming it as appropriate while other have expressed that it might be an overreaction.
Bitcoin Exchange Guide

Top 5 Crypto Performers Overview: Dash, Neo, Binance Coin, EOS, Ethereum

Top 5 Crypto Performers Overview: Dash, Neo, Binance Coin, EOS, Ethereum Argentina has recently settled an export deal with Paraguay in Bitcoin. Although the net value of the deal was only $7,100, it is a welcome step. Gradually, more countries will recognize the advantage of using cryptocurrencies for cross-border deals. Digital asset management fund Grayscale […] Cet article Top 5 Crypto Performers Overview: Dash, Neo, Binance Coin, EOS, Ethereum est apparu en premier sur Bitcoin Central.
Bitcoin Central
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