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      "body": "<h2>1. Background Information</h2>\n\nWebsite: https://www.ultrain.io/\n\nTelegram: https://t.me/ultrainchain\n\nTwitter: https://twitter.com/UltrainB\n\nFacebook: https://www.facebook.com/Ultraincommunity/\n\nMedium: https://medium.com/@ultrainchain\n\nLinkedIn: https://www.linkedin.com/company/ultrain/\n\n<h2>2. Ultrain Vision </h2>\n\nIn this society, the commercial logic of trillions of business transactions that take place daily will migrate from traditional to smart business contracts, which are automatically executed and realized by through the control and delegation of resources in the Internet of Things (IoT) by blockchain. Decision-making during the automatic execution process will increasingly be driven by decentralized artificial intelligence (AI) that operates on the blockchain. This will take over most of the computational and decision-making tasks, enabling highly efficient and reliable automated processing. \n\n\nThis business ecosystem comprises several business elements. Overall, it consists of three parts:\n* The technology layer, consisting of integrated infrastructure services based on public\nblockchain, AI, and IoT\n* The horizontal services layer, aggregating organizations which provide various\ndecentralized business services, including banks, insurance, loans, etc.\n* The vertical application layer, containing numerous decentralized application services\nthat serve many users and can be implemented in multiple industries, including\nscientific research and development, manufacturing (such as machinery and textile),\nlogistics, retail, finance, culture and entertainment (education, literature, intellectual\nproperty and gaming), pharmaceutical biochemistry, food, real estate, agriculture,\nanimal husbandry, fishing, services (catering and travel), etc. \n\n![utral1.png](https://cdn.steemitimages.com/DQmRELTqMFU9bCYUSUAEUn5iogDe63BzkqhWjHwnGAhtA6g/utral1.png)\n\n<h2>3. Token Metrics </h2>\n\nTicker: UGAS\n\nHardcap: 20M\n\nTotal supply: 1 billion tokens\n\nPrivate sale: 10% of 1 billion\n\nPrivate exchange price 1 UGAS = $ 0.2 USD \n\nLock up : 1.5 year for all private.\n\nCrowdsale : Only 6M2 UGAS will sell through Bgogo ( Cirl very small ).\n\nMining: 50%\n\nConsultant & community building: 10%\n\nFoundation/ Ecology: 15%\n\nCore team: 15% \n\nUltrain has already raised $20 million during their seed round, from which 10% of token supply was sold.\n\nUGAS is used to purchase necessary computing power for running smart contracts on Ultrain. All smart contracts deployed on the mainchain and side chains of UGAS can run only with UGAS.\n\n<h2>4.  What is Ultrain?</h2>\n\n![0_MA5gUU1-0q-JaFD2.jpg](https://cdn.steemitimages.com/DQmZu7Xu6ct4f59p2jpUj62fEiMwt8wQKcFvry25SyKH2LU/0_MA5gUU1-0q-JaFD2.jpg)\n\nUltrain Technology Limited is the next generation public-blockchain technology venture that focuses on building a high performance decentralized blockchain platform through its programmable tech-infrastructure. Ultrain is committed to construct a responsible and sustainable commercial ecosystem that enables all industrial applications. With its groundbreaking innovations in cryptography and based upon a complete decentralized public network, Ultrain is able to provide multi-folds more advanced technical performance to fundamentally solve the performance and scalability issues comparing to other traditional public blockchain platforms.\n\n<h2>5. Core Functions of Ultrain</h2>\n\n![0_1tYnEae_b_kamMim.jpg](https://cdn.steemitimages.com/DQmcTJwQAtwKEuj2EsnxykQfxZMBavpiDwvJFFbghAucYGd/0_1tYnEae_b_kamMim.jpg)\n\nWith Ultrain as the foundation, we are committed to providing a computing service called trusted computing. Compared to traditional cloud computing, this is a brand-new computing service model based on a blockchain architecture. Components such as CPU computing, GPU computing GPU is optimized for taking huge batches and performing the same operation over and over quickly, while CPU is idea for to handle few software threads at a time, memory computing, hard disk resources, bandwidth resources and others, can all be included in the scope and framework of this model. All these will take on the characteristics of blockchain computing i.e. difficult to tamper with, cannot be destroyed, and are transparent and traceable to all.\n\n<h5>5.1 High-Performance Computing</h5>\n\nUltrain has created a new consensus mechanism, which is considered to be random trusted consensus framework. This new one can under the same level of security performance as the PoW, achieve 1000-times increase in performance in a fully decentralized network, with only 1% of the computing power requirements of the traditional PoW network.\n\nThe following features of this consensus can be named:\n\nFeature 1: completely decentralized architecture\n\nFeature 2: ultra-large-scale network cluster\n\nFeature 3: Multi-terminal support\n\nFeature 4: High-performance computing\n\nFeature 5: Decentralization design\n\n<h5>5.2 Trusted Computing creates value</h5>\n\nWith the aims to free up more computing power while ensuring the blockchain security and utilize the freed computing power for computation with actual social benefit to further create for the real economy. With those destination of innovations, only 1% of the computing power of the entire network required to implement mintage when the consensus is reached each around, and remaining 99% of the computing power can be provided as trusted computing.\n\n<h5>5.3 User Friendly Smart Contract</h5>\n\n![0_dK9o7z_i9k9Bey6E.jpg](https://cdn.steemitimages.com/DQmfFYUaAsMkYpr25eemSYWjjYEqQumcvpbnwUAN9su9eKx/0_dK9o7z_i9k9Bey6E.jpg)\n\nIn terms of Programming language and SDK, Ultrain supports several popular high-level programming languages for developing smart contract: C/ C++. TypeScript/ JavaScript and GoLang. Based on what they wrote on their yellow paper, the high-level programming languages have more flexibility, more matured language syntax, lower learning cost and easier to write secure and audit-friendly smart contracts. Furthermore, those languages also have better support for modern programming design pattern which increase developer’s productivity.\n\nBased on the differenced in the monetary system, each dApps can choose different consensus mechanisms, including PoW, PoS, DPoS, POA, and RPOS, or even their own consensus mechanism. Ultrain’s design is based on the Javascript language. It significantly improves the user-friendliness of smart contracts and simplifies the developer adoption process.\n\n<h5>5.4 Comparision to others</h5>\n\nThis table shows the aim and ambition of Ultrain, compared to others. Ultrain’s Virtual Machine of Smart Contract (Matrix) is compatible with JavaScript environment, support event-driven assignment and improves smart contract efficiency.\n\n![0_uSzeFv580wb2P6yu.jpg](https://cdn.steemitimages.com/DQmdgWXFZGTaKheM7nQ2XpH1kbqUtqEp3Z7KhCfHUwPU1N1/0_uSzeFv580wb2P6yu.jpg)\n\n\n<h2>6. Team</h2>\n\nUltrain’s founding team members originally came from Alibaba, Ant Financial, 360 Security that has global vision with well rounded diverse experiences in technology strategy, ecosystem, business and community development.\n\n* Ray Guo- Co-founder and CEO of Ultrain- he is ex-Alibaba Director of data security, previously 10 years at IBM, with deep insights about information bottlenecks for corporates.\n\n* William Li- Co-founder & CTO, with over 11 years in R&D and management experience with HPC, OS core components. He is the former main architect for Aliyun\n\n* Shen Yufeng- Chief Architect, 5+ years Google Waterlookey OS Architect as well as the killer team member.\n\n* Wang Husen- Chief Cryptologist, former the one and only crypto scientist at Alipay Blockchain team.\n\n* Emma Liao- Co-founder and CSO of Ultrain, she has operation experience from being the co-founder her own.\n\nBeside the co-founder team, there are 9 people from the core technical team, the strategy and community team, who have experience regarding blockchain and operation. However, their detail information like LinkedIn and Github for the verification.\n\n<h2>7. Partners</h2>\n\n![pn1.png](https://cdn.steemitimages.com/DQmaaMgiQgzP5XrAGoSUNpDb1BmL5ntqike6iYqNhkb6PNQ/pn1.png)\n![pn2.png](https://cdn.steemitimages.com/DQmUcMonCoQFfmjNWU1BQQwiSRGWua2MeRQZn1ynVyxqfJu/pn2.png)\n![pn3.png](https://cdn.steemitimages.com/DQmQf66iGXUvWLLwBkrcQKWFxbUN3dNK6kSskxYXFjPysgu/pn3.png)\n![pn5.png](https://cdn.steemitimages.com/DQmaBYTrhotx9bihQwQLoT7sB931TXsGjL8kbxCZC9bNhrp/pn5.png)\n\nThe list of partners of Ultrain at this time is 40+, impressive number. The idea of how those partners help with the project’s progress is recommended. With this list of Partners, itis likely that Ultrain is having good and stable back running the project.\n\n<h2>8. Roadmap</h2>\n\n![roadmap.png](https://cdn.steemitimages.com/DQmQ2Z2FtDeXqeansnGznxKSSVtYhgosKHds75c6YhQtiF5/roadmap.png)\n\nThe roadmap shows pretty in detail, this doesn’t show the beginning of the project, however. The testnet of Ultrain is expected to released by June, 2018, 2 months ago.\n\n<h2>9. Conclusion and predict</h2>\n\nUltrain expects to be applied for technical consensus, business consensus, learning training and operation platform, and network governance based on democratic voting, which is quite wide-range. The idea of Ultrain is not new to be honest, but the overall idea in whitepaper looks promising. However, it’s on paper only. Admin has confirmed that the testnet is ready, and will be released on October, it might be better to not joining at this time and wait for the update.\n\nMy rate : \n\nHype : HIGHT\nRisk : Low\nROI : HIGHT\nTERM:MEDIUM",
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      "body": "1: Summary\n\nProject name: Ankr\n\nToken symbol: ANK\n\nWebsite: https://www.ankr.network/\n\nWhite paper: TBA\n\nHard cap: $15.95 million\n\nConversion rate: TBA\n\nMaximum market cap at ICO on a fully diluted basis: TBA \n\nBonus structure: 20% discount during presale\n\nPrivate sale / white list: TBA\n\nERC20 token: Yes\n\nCountries excluded: Residents of U.S / Canada / China / South Korean /Barbados & other FATF countries like Ethiopia, Iraq, Serbia, Syria, Trinidad and Tobago, Tunisia, Vanuatu, Yemen, Iran, North Korea are not able to participate\n\nTimeline:  Crowdsale is scheduled to start on August\n\nToken distribution date: TBA\n\n2: What does the company/project do?\n\nAnkr strives to build a resource efficient blockchain framework that truly enables Distributed Cloud Computing (DCC) and provides user-friendly infrastucture for business applications.\nThere are indeed existing cloud solutions, but Ankr is the first one to leverage both blockchain and trusted hardware.\n\nBelow are the main features of Ankr:\n\na. Proof of Useful Work (PoUW) Consensus Protocol \n\nThe Proof of Useful Work (PoUW) consensus enables a self-sustainable blockchain framework. Instead of wasting electricity and computing power on hashes like Bitcoin does, PoUW uses these resources towards useful work tasks provided by enterprises and consumers.\n\nThe protocol runs on SGX-enabled CPUs with remote attestation to ensure security and confidentiality.\nThe novel PoUW approach unlocks the massive potential of idle computing power around the world by providing enough incentives: in this scheme, every computation contributor gets compensated, and some will get the extra reward for generating the blocks.\n\nIn the future, this mining scheme can promote Universal Basic Income (UBI).\n\n![1.png](https://cdn.steemitimages.com/DQmQw7qsMCtpcJaMTHqWswVFTYZsAedmf1yGEBdysLkqJP1/1.png)\n\nb. Distributed Cloud Computing (DCC) Platform\n\nDCC platform allows transacting for computing power between users in a peer-to-peer fashion. \n\nWith the PoUW consensus mechanism, miners will use their idle computing resources to secure the network while performing useful computation, for example, machine learning, artificial intelligence, and so on.\n\nThe miners create the supply for the DCC platform. Individuals/companies that need extra computing resources would form the demand side of the DCC. DCC lowers the barrier of entry to cloud computing comparing to the existing cloud computing services.\n\nc: Oracle Service\n\n![2.png](https://cdn.steemitimages.com/DQmcveufR2EoYcB3ya6nx9EJwrp8KeGG7RiUu9tiYE72YU2/2.png)\n\nAnkr introduces an authenticated data feed system using trusted hardware. The system is comprised of 3 components – smart contact, enclave, and the relay.\n\nd: Multi-Chain Structure \n\n![1.png](https://cdn.steemitimages.com/DQmS7zHtwKskYm9QcunRjcekrDztdh11JvQPRz2xqZoFbHv/1.png)\n\nAnkr aims to scale the blockchain by implementing Plasma and sharding. The network consists of a tree structure of blockchains where various application chains (Child Chains) are connected to a single root chain (Main Chain). \n\nThe Main Chain is used for child chain indexing, useful work mining and smart contract executions. Each child chain is tailored to the needs of a specific application. For example, real estate transactions are of high value but low volume, whereas e-commerce transactions are the other way around.\n\n3: Roadmap\nThe project was incepted in Q4 2017 with a research study conducted by the team on the feasibility of their works. The team provided a simple development roadmap on their website and here are some major developments in the near future:\n\n   Jun 2018  : Release white paper\n   Jul 2018    : Prototype Release\n\n4: Team\n\nAnkr Network is based in California, USA and currently has a team of at least 12 people. The biographies of the key team members are summarized below:\n\nHere are some of the notable team members.\n\nChandler Song (Co-Founder & CEO) — Overall, Chandler has 2 years of experience in software engineering. He has short term stints with CitySpade, Amazon and SAP.\n\nStanley Wu (Co-Founder & CTO) — Formerly a tech lead in Amazon, Stanley has over 10 years of experience in large scale cloud services. He holds a MS in Electrical and Computer engineering from Rochester University.\n\nRyan Fang (Co-Founder & COO) — Graduated recently with B.S. Business and had numerous internship experience with top tier banks that includes Credit Suisse, State Street and Morgan Stanley.\n\nSong Liu (Chief Security Engineer) — Song Liu had over 7 years of experience and was formerly with Gigamon, Palo Alto Networks, General Electric (GE) and Electronic Arts. He holds a MS in computer Science from Boston University.\n\nYan Ji (Scientist) — Currently a PhD student at Cornell University with a focus on applied cryptography.\n\nQuanlai Li (Blockchain Engineer) — A computer science serial entrepreneur with over 3 years of experience. Formerly worked at Uber, Club Factory and Insigma and is a committee member of a symposium of Application of Blockchain. He holds a Master of Engineering in computer science from UC Berkeley.\n\nAkash Khosla (Blockchain Engineer) — Akash is a third year Electrical Engineering and Computer Science student at UC Berkeley. He has short stint work experience at SAP and Earn.com and is a co-founder @ Blockchain at Berkeley. He also teaches a blockchain course at UC Berkeley.\n\nThe project has 3 advisors – Ramsey Hanna at Reed Smith, Jiangang Zhang, Founder of PDX, and Christel Quek, Founder of BOLT.\n\nInvestors of the project include JLab, NEO Global Capital, DHVC, OK Blockchain Capital, LinkVC, GBIC, BlockVC, and Kosmos.\n\nResearch partners include Blockchain at Berkeley, Dorahacks, and CPC.\n\n5: Strengths\n\nThe project is very ambitious that is trying to tackle multiple big problems facing blockchain including consensus protocol (PoUW), trusted hardware, data feed (Oracle), distributed computing, and sidechain structure. If successful, the \nupside can be substantial.\n\nUtilizing verifiable computing technology as PoUW reward workers based on functional work done rather than the first worker who solves it in PoW. Hence, hardworking workers will be highly incentivised to use their blockchain.\n\nA strong panel of strategic investors, which had a track record of making successful past investments.\n\nLow hardcap of $16m, which is attractive for similar projects in this space.\n\n\n6: Weaknesses\n\nCurrently, the project is a whitepaper proof of concept with no mentions on the timeframe for launching their MVP\n\nThe team is relatively young with a couple still pursuing their degrees\n\nPoUW consensus algorithm is a relatively new concept with many unknowns and has little commits in GitHub. However, some codes are not public and will be released on a later date\n\nUse of trusted hardware has received many skepticisms in the past, as critic sites potential backdoor opportunities to those content.\n\n7: Conclusion\n\nThe project has a high market awareness with a low hard cap (for a blockchain project). Most of the hard cap is contributed by funds and no syndicates are allowed. I believe there should be plenty of unmet demand following trading of the tokens.",
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      "body": "1: General Information\n\nTicker: BLOC\n\nWebsite: http://www.block-cloud.io\n\nTelegram: https://t.me/BlockcloudTeam\n\nWhitepaper: https://www.block-cloud.io/\n\nTwitter: https://twitter.com/BlockcloudTeam\n\nHardcap: 15 million USD (12 million USD for private sale)\n\nPrivate sale: 12 million USD (~1,500,000,000 BLOC= 15% total tokens)\n\nLockup Time: 20% (released before listing), 10% per month after 2 months,\n\nOther sale: 5% (of total tokens)\n\nToken Price: 0.008 USD\n\nWhitelist : TBA\n\n2: Token Distribution\n\nPrivate Sale:                                    15%\n\nOther Sale:                                      5%\n\nEarly Contributor Incentive:      10%\n\nFoundation:                                    30%\n\nTeam:                                               10%\n\nMining Rewards:                           30%\n\nAccording to the Blockcloud platform, it will release its mining rewards at a rate of 5% per year, for up to 6 years.\n\nThe token will be useful in the incentivization aspect of the network, it will help to bring in service providers (who will be rewarded for their contributions to the network), the BLOC token will be instrumental in rewards to contributors and miners and verifiers alike.\n\n3: Ideas\nThe Internet of Things is an industry that matters. According to the whitepaper offered by the Blockcloud team, there will be an estimated 20 Billion devices by the year 2022, the Internet of Things will become an important part of the key aspect of accessibility. As more technologies come about (smart healthcare, augmented reality, autonomous vehicles and, others) the world becomes an increasingly device oriented place.\n\nBlockcloud is a new approach that combines the advantages of SCN and blockchain to empower IoT. In Blockcloud, SCN forms the underlying physical network that provides connectivity, mobility and scalability. The blockchain logically operates on top of SCN to provide decentralized trust, security, fairness and economic incentive.\n\n4: Here are some of Blockcloud’s outstanding features:\n\nConsensus mechanism: Proof of service. Each service provider who enters the network must prove that they actually provide the services and they are effective as promised. This consensus is for evaluating the total contributing resources of participants in the network, which are storage, computation, relay and bandwidth. To provide the service correctly, 3 parties are involved which are subscriber- needs and subscribes a service, Provider- provides a service, and Verifier- verifies the service.\n\nCoDAG (Compacted Directed Acyclic Graph) for fast recording of IoT transactions. As to solve problems of the existing blockchain protocols, Blockcloud provides a totally new framework, besides miners and devices, there will be an additional role which is gateway- a device with enough resources to run the protocol- like a cellphone or a smart car… In this new ledger structure, transactions are enveloped in blocks- a gossip-like structure, fits well in asynchronous operations.\n\nTCDA (Truthful Continuous Double Auction): it is used for fair pricing and matching of services. It will act as a smart contract which defends against price cheating, guarantees fairness and minimizes trading maintenance cost.\n\n5: Architecture\n\n![1.jpg](https://cdn.steemitimages.com/DQmSK5s5et9d8bEx8HgEzEZY9VWieybxHduqY1W9R88g4AS/1.jpg)\n\nTransactionchain Layer: Lowest tier. This chain (CoDAG) stores the transactions of the network as a global ledger, and to fulfill all the characteristics of IoT, this layer must be elastic, efficient, secure, scalable and cost-effective, guaranteeing the fast confirmation time and liveness property.\n\nServicechain Layer: This layer is above the Transactionchain Layer, fo defining new operations and rules for accepting or rejecting Blockcloud operations. Service chain can be used to build a variety of state machines, currently a global service management system and a service matching and pricing system.\n\nRouting Layer: Blockcloud uses service files for storing routing information, which are similar to DNS zone files in their format.\n\nService Layer: this layer serves the actual services for the network. Applications can use names to directly express their intent to publish or access specific services.\n\nSCN (Service-centric Networking) is a future internet technology that provides a service-aware network stack, where applications communicate directly on service names instead of addresses. It helps enhance the mobility, scalability, and connectivity.\n\n6: Team Members\n\n![2.jpg](https://cdn.steemitimages.com/DQmbFWJZg6dwXv4AzvNhVjmkf8L9tL6b1MV6EmPd3T1SSbg/2.jpg)\n\nThe team behind Blockcloud is largely comprised of academics from Tsinghua University, Shenzhen University, and the Hong Kong Polytechnic University.\n\nZhongxing Ming (CEO)- has worked as a CTO of Oudman, the company behind Blockcloud ICO. He also is the visiting Scholar to Priceton University, Ph.D at Tsinghua University. He is a member of BLockchain Special Committee of China Computer Federation. He has more than 13 publications published on Top Conferences and Journals.\n\nShu Yang (Chairman/SCN Lab Principle): CEO of Oudman. He is the visiting scholar at Case Western Reserve University, Ph.D from Tsinghua and studied his postdoctoral degree at Hong Kong Polytechnic University.\n\nDai Pan (Co-founder/COO): He holds his Maser at Peking University, an Urban Intelligence Expert of Shenzhen, China. He has co-founded a Startup with 6.5 million dollars raised.\n\nFred Baker (Advisor): He is an Internet pioneer and former IETF chair from 1996 to 2001. He co-chaired the IPv6 Operations Working Group in the IETF (until 2013). We co-authored and edited more than 50 Internet standards such as Open Shortest Path First, Routing Information Protocol (RIPv2) and so on.\n\nHoan Soo Lee (Advisor): He is the Economist of Council of Economic Adviser (CEA) during the 1st term of Obama government, the partner of CMB International. He is also the cofounder and COO of Give2gether in Boston, Massachusetts, US.\n\n7: Strong points\n\nBlockcloud is one of the most recent solutions that claim to resolve the scalability issues and other issues that are suppressing the substantial growth of the IoT sector, if they can pull it off they will be able to unlock a lot of value.\n\nThey will be able to utilize their relationships and credibility in both academia and business fields to bring on board clientele who can serve as providers and consumers in their network.\n\nThe hardcap is attractive comparing with the existing ICO projects (~15 million USD).\n\n8: Weak points\n\nBlockcloud has its own emerging competitors in IoT field.\n\nThe project has a whitepaper but it seems that we don’t have great details on their roadmap, in addition to this, it seems that we will only see progress in regard to their minimum viable product in the in middle of next year. Many investors may not have the patience to wait that long to see if the team show proof of product.\n\n9: Conclusion\n\n From what is seen of the team’s work through the proposed solutions, it seems that Blockcloud has the potential to revolutionize the IoT industry and progress further.\n\nThe team seems to have looked every angle and considered the many possibilities in this sector and have addressed to them the best of their ability.\n\nBased on its solid idea, experienced team and community’s interest, Blockcloud will be a promising project in the third quarter of 2018.",
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      "body": "1: General Information\n\nTicker: BLOC\n\nWebsite: http://www.block-cloud.io\n\nTelegram: https://t.me/BlockcloudTeam\n\nWhitepaper: https://www.block-cloud.io/\n\nTwitter: https://twitter.com/BlockcloudTeam\n\nHardcap: 15 million USD (12 million USD for private sale)\n\nPrivate sale: 12 million USD (~1,500,000,000 BLOC= 15% total tokens)\n\nLockup Time: 20% (released before listing), 10% per month after 2 months,\n\nOther sale: 5% (of total tokens)\n\nToken Price: 0.008 USD\n\nWhitelist : TBA\n\n2: Token Distribution\n\nPrivate Sale:                                    15%\n\nOther Sale:                                      5%\n\nEarly Contributor Incentive:      10%\n\nFoundation:                                    30%\n\nTeam:                                               10%\n\nMining Rewards:                           30%\n\nAccording to the Blockcloud platform, it will release its mining rewards at a rate of 5% per year, for up to 6 years.\n\nThe token will be useful in the incentivization aspect of the network, it will help to bring in service providers (who will be rewarded for their contributions to the network), the BLOC token will be instrumental in rewards to contributors and miners and verifiers alike.\n\n3: Ideas\nThe Internet of Things is an industry that matters. According to the whitepaper offered by the Blockcloud team, there will be an estimated 20 Billion devices by the year 2022, the Internet of Things will become an important part of the key aspect of accessibility. As more technologies come about (smart healthcare, augmented reality, autonomous vehicles and, others) the world becomes an increasingly device oriented place.\n\nBlockcloud is a new approach that combines the advantages of SCN and blockchain to empower IoT. In Blockcloud, SCN forms the underlying physical network that provides connectivity, mobility and scalability. The blockchain logically operates on top of SCN to provide decentralized trust, security, fairness and economic incentive.\n\n4: Here are some of Blockcloud’s outstanding features:\n\nConsensus mechanism: Proof of service. Each service provider who enters the network must prove that they actually provide the services and they are effective as promised. This consensus is for evaluating the total contributing resources of participants in the network, which are storage, computation, relay and bandwidth. To provide the service correctly, 3 parties are involved which are subscriber- needs and subscribes a service, Provider- provides a service, and Verifier- verifies the service.\n\nCoDAG (Compacted Directed Acyclic Graph) for fast recording of IoT transactions. As to solve problems of the existing blockchain protocols, Blockcloud provides a totally new framework, besides miners and devices, there will be an additional role which is gateway- a device with enough resources to run the protocol- like a cellphone or a smart car… In this new ledger structure, transactions are enveloped in blocks- a gossip-like structure, fits well in asynchronous operations.\n\nTCDA (Truthful Continuous Double Auction): it is used for fair pricing and matching of services. It will act as a smart contract which defends against price cheating, guarantees fairness and minimizes trading maintenance cost.\n\n5: Architecture\n\n![1.jpg](https://cdn.steemitimages.com/DQmSK5s5et9d8bEx8HgEzEZY9VWieybxHduqY1W9R88g4AS/1.jpg)\n\nTransactionchain Layer: Lowest tier. This chain (CoDAG) stores the transactions of the network as a global ledger, and to fulfill all the characteristics of IoT, this layer must be elastic, efficient, secure, scalable and cost-effective, guaranteeing the fast confirmation time and liveness property.\n\nServicechain Layer: This layer is above the Transactionchain Layer, fo defining new operations and rules for accepting or rejecting Blockcloud operations. Service chain can be used to build a variety of state machines, currently a global service management system and a service matching and pricing system.\n\nRouting Layer: Blockcloud uses service files for storing routing information, which are similar to DNS zone files in their format.\n\nService Layer: this layer serves the actual services for the network. Applications can use names to directly express their intent to publish or access specific services.\n\nSCN (Service-centric Networking) is a future internet technology that provides a service-aware network stack, where applications communicate directly on service names instead of addresses. It helps enhance the mobility, scalability, and connectivity.\n\n6: Team Members\n\n![2.jpg](https://cdn.steemitimages.com/DQmbFWJZg6dwXv4AzvNhVjmkf8L9tL6b1MV6EmPd3T1SSbg/2.jpg)\n\nThe team behind Blockcloud is largely comprised of academics from Tsinghua University, Shenzhen University, and the Hong Kong Polytechnic University.\n\nZhongxing Ming (CEO)- has worked as a CTO of Oudman, the company behind Blockcloud ICO. He also is the visiting Scholar to Priceton University, Ph.D at Tsinghua University. He is a member of BLockchain Special Committee of China Computer Federation. He has more than 13 publications published on Top Conferences and Journals.\n\nShu Yang (Chairman/SCN Lab Principle): CEO of Oudman. He is the visiting scholar at Case Western Reserve University, Ph.D from Tsinghua and studied his postdoctoral degree at Hong Kong Polytechnic University.\n\nDai Pan (Co-founder/COO): He holds his Maser at Peking University, an Urban Intelligence Expert of Shenzhen, China. He has co-founded a Startup with 6.5 million dollars raised.\n\nFred Baker (Advisor): He is an Internet pioneer and former IETF chair from 1996 to 2001. He co-chaired the IPv6 Operations Working Group in the IETF (until 2013). We co-authored and edited more than 50 Internet standards such as Open Shortest Path First, Routing Information Protocol (RIPv2) and so on.\n\nHoan Soo Lee (Advisor): He is the Economist of Council of Economic Adviser (CEA) during the 1st term of Obama government, the partner of CMB International. He is also the cofounder and COO of Give2gether in Boston, Massachusetts, US.\n\n7: Strong points\n\nBlockcloud is one of the most recent solutions that claim to resolve the scalability issues and other issues that are suppressing the substantial growth of the IoT sector, if they can pull it off they will be able to unlock a lot of value.\n\nThey will be able to utilize their relationships and credibility in both academia and business fields to bring on board clientele who can serve as providers and consumers in their network.\n\nThe hardcap is attractive comparing with the existing ICO projects (~15 million USD).\n\n8: Weak points\n\nBlockcloud has its own emerging competitors in IoT field.\n\nThe project has a whitepaper but it seems that we don’t have great details on their roadmap, in addition to this, it seems that we will only see progress in regard to their minimum viable product in the in middle of next year. Many investors may not have the patience to wait that long to see if the team show proof of product.\n\n9: Conclusion\n\n From what is seen of the team’s work through the proposed solutions, it seems that Blockcloud has the potential to revolutionize the IoT industry and progress further.\n\nThe team seems to have looked every angle and considered the many possibilities in this sector and have addressed to them the best of their ability.\n\nBased on its solid idea, experienced team and community’s interest, Blockcloud will be a promising project in the third quarter of 2018.",
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      "body": "You're good when explain what's the difference between Bgogo’s mining system and other platform’s .",
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      "body": "Summary\n\nProject name: Bgogo\nToken symbol: BGG\nWebsite: https://bgogo.com\nTelegram : https://t.me/Bgogo \nTwitter : https://twitter.com/BgogoExchange\nWhite paper: https://bgogo.com/assets/white-paper/BGG-Token-Whitepaper-v1.7.1EN.pdf\nHard cap: 6,700,000 \nTotal Tokens: 10,000,000,000\nConversion rate: 1 BGG = 0.0067 USD (0.00001500 ETH)\nBonus structure: Users can trade on the Bgogo platform and receive a 105% trading fee rebate in the form of BGG tokens.\nPrivate sale / white list: https://bgogo.com/announcement?link=mining\nCountries excluded: None\n\nToken Distribution Breakdown:\n50% (5 billion) will be mineable by users through trading\n20% (2 billion) will be reserved for ecosystem developments and Bgogo\ndaily operations\n20% (2 billion) will be reserved for the team\n10% (1 billion) will be allocated among the first generation of supernodes\nand strategic investors.\n\nToken Sale : 10% of the total supply (1 billion BGG tokens) will be sold for 15,000 ETH to the founding generation of supernodes as well as strategic partners during the private sale. The private sale price is 1 BGG = 0.000015 ETH. Each supernode is granted an allocation of 500 ETH, totalling 10,500 ETH for all 21 supernodes. The rest 4,500 ETH is raised from strategic investors as well as ecosystem partners.\n\n-------------------------------\nProject Overview\n\n1:  What is BGG ?\n\nThe exchange of the community, by the community, for the community. Bgogo is the first digital asset exchange with supernode listing authority, designed to list the most high quality and promising digital assets.\n\nMining through Trading : Mineable BGG tokens (50% of total supply) will be reserved to users in the form of trading fee rebates, commonly known as mining through trading. A number of BGG tokens equivalent to 105% of the trading fee will be returned to user in only 30 minutes after the trade. Bgogo reserves the right to make adjustments to the rebate rate as we grow, but we promise to maintain a minimum rebate of 100%. The price of BGG will be determined by the market price at the time when a trade is finalized. \n\nBGG Token Buyback : Every 24 hours, Bgogo will use 100% of the trading commision accumulated to repurchase BGG. The buyback tokens will be sent to a burn address\nmade public.\n\n![1.PNG](https://cdn.steemitimages.com/DQmRy6BFheWdswHYbfFmtbhqQA3eRwNHy9sVTtiYwnZ6SRa/1.PNG)\n\n2 : Supernodes\n\nWhat’s a supernode?  \n\nDefinition : \nThere are 21 BGG supernodes. The founding generation of supernodes are selected from leading cryptocurrency institutions across the globe. These entities will participate in the BGG token private sale. Playing a key role in the Bgogo ecosystem, each supernode is granted the \"One Vote, One Listing\" right as well as the benefit of “20% Per-Trade Commission” over lifetime.\n\nTenure : \nThe tenure of each supernode is one quarter, i.e. roughly 90 days. At the end of each quarter, Bgogo supernodes are re-elected based on the top 21 accounts in BGG holding position (see supernode re-election mechanism). Supernodes are required to pass KYC verification and subject to vetting from the team in order to qualify. This is for the purpose of protection against potential violations of laws and regulations. \n\nOne Vote, One Listing :\nEach supernode is entitled to \"One Vote, One Listing\" authority. This privilege gives status holders the right to pick a cryptocurrency to list on the Bgogo trading platform during its tenure. This is under the premise that the cryptocurrency nominated passes legal qualifications and is approved to be listed by the project team. In the event where multiple supernodes are competing to list the same cryptocurrency, Bgogo will respect the project team’s decision of which supernode they choose to nominate them. Thus, a total 21 coins from supernodes should be listed during each quarter.\n\n20% Per-Trade Commission: \nA fixed amount of 20% of the trading commision generated from trading the cryptocurrency a supernode nominates will be paid to the supernode. \n\nRe-Election Mechanism:\nA daily snapshot of all individual accounts on our platform will be taken at 00:00 (UTC+8). This will be utilized as a criteria for supernode re-election. Based on the daily weighted calculation of BGG positions held in each account, we will obtain a ranking of total BGG holdings in one quarter. The top 21 accounts of that ranking who pass KYC verification will be eligible to obtain supernode status in the following quarter. If a prospective supernode is ineligible or declines to undertake the status, the status will be granted to the next BGG holder in-line as determined by the ranking of that quarter. \n\n![2.PNG](https://cdn.steemitimages.com/DQmcT7KZpCj7j6WZumfaEkMaJStLgSVW6ST34RZbEmryEwH/2.PNG)\n\n3: Team member\nBgogo’s team includes professionals with a working background in tech giants like Google, Facebook, Twitter, and IBM. They are a fully secured and hassle-free platform as it is operating under the supervision of ZHANG YIBO who has over 12 years of professional experience in asset management, private equity, listed companies and investment management sectors both in Hong Kong and in Mainland China. Moreover, Bgogo is backed by a blockchain investment giant Pantera Capital as they have officially announced strategic investment in Bgogo. It is just a matter of time when Bgogo takes over the crypto trading industry.\n\n4:  What's the difference between Bgogo’s mining system and other platform’s\nUnlike other trading platforms that hardly reward their traders for anything, Bgogo will reward their traders with three things:\n   a. The first reward that is a complete game changer is the negative fee on every transaction. The traders will get BGG tokens for the equivalent of their transaction fee within 30 minutes.\n   b. The Second Reward is that the BGG Supernodes will be granted Sole Listing Authority (voting rights for new token listing) and Share 20% of the trading fees.\n   c.  Every 24 hours Bgogo will use all of the trading fees accumulated from a trader to repurchase BGG tokens.\n\n5: Conclude\nThe primary unique selling point of Bgogo is that they emphasis over the quality and excellence of the crypto exchange, meaning, their trading platform is not only reliable, but it makes transactions with a speed of light. This is the prominent reason for considering the Bgogo trading platform.\nIn my opinion a very promising project, read the white paper convinced the presence of the specific plan and the presence of a professional team.\n\n-----------------\n542012105",
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      "author": "thanhlv",
      "body": "Summary\n\nProject name: Bgogo\nToken symbol: BGG\nWebsite: https://bgogo.com\nTelegram : https://t.me/Bgogo \nTwitter : https://twitter.com/BgogoExchange\nWhite paper: https://bgogo.com/assets/white-paper/BGG-Token-Whitepaper-v1.7.1EN.pdf\nHard cap: 6,700,000 \nTotal Tokens: 10,000,000,000\nConversion rate: 1 BGG = 0.0067 USD (0.00001500 ETH)\nBonus structure: Users can trade on the Bgogo platform and receive a 105% trading fee rebate in the form of BGG tokens.\nPrivate sale / white list: https://bgogo.com/announcement?link=mining\nCountries excluded: None\n\nToken Distribution Breakdown:\n50% (5 billion) will be mineable by users through trading\n20% (2 billion) will be reserved for ecosystem developments and Bgogo\ndaily operations\n20% (2 billion) will be reserved for the team\n10% (1 billion) will be allocated among the first generation of supernodes\nand strategic investors.\n\nToken Sale : 10% of the total supply (1 billion BGG tokens) will be sold for 15,000 ETH to the founding generation of supernodes as well as strategic partners during the private sale. The private sale price is 1 BGG = 0.000015 ETH. Each supernode is granted an allocation of 500 ETH, totalling 10,500 ETH for all 21 supernodes. The rest 4,500 ETH is raised from strategic investors as well as ecosystem partners.\n\n-------------------------------\nProject Overview\n\n1:  What is BGG ?\n\nThe exchange of the community, by the community, for the community. Bgogo is the first digital asset exchange with supernode listing authority, designed to list the most high quality and promising digital assets.\n\nMining through Trading : Mineable BGG tokens (50% of total supply) will be reserved to users in the form of trading fee rebates, commonly known as mining through trading. A number of BGG tokens equivalent to 105% of the trading fee will be returned to user in only 30 minutes after the trade. Bgogo reserves the right to make adjustments to the rebate rate as we grow, but we promise to maintain a minimum rebate of 100%. The price of BGG will be determined by the market price at the time when a trade is finalized. \n\nBGG Token Buyback : Every 24 hours, Bgogo will use 100% of the trading commision accumulated to repurchase BGG. The buyback tokens will be sent to a burn address\nmade public.\n\n![1.PNG](https://cdn.steemitimages.com/DQmRy6BFheWdswHYbfFmtbhqQA3eRwNHy9sVTtiYwnZ6SRa/1.PNG)\n\n2 : Supernodes\n\nWhat’s a supernode?  \n\nDefinition : \nThere are 21 BGG supernodes. The founding generation of supernodes are selected from leading cryptocurrency institutions across the globe. These entities will participate in the BGG token private sale. Playing a key role in the Bgogo ecosystem, each supernode is granted the \"One Vote, One Listing\" right as well as the benefit of “20% Per-Trade Commission” over lifetime.\n\nTenure : \nThe tenure of each supernode is one quarter, i.e. roughly 90 days. At the end of each quarter, Bgogo supernodes are re-elected based on the top 21 accounts in BGG holding position (see supernode re-election mechanism). Supernodes are required to pass KYC verification and subject to vetting from the team in order to qualify. This is for the purpose of protection against potential violations of laws and regulations. \n\nOne Vote, One Listing :\nEach supernode is entitled to \"One Vote, One Listing\" authority. This privilege gives status holders the right to pick a cryptocurrency to list on the Bgogo trading platform during its tenure. This is under the premise that the cryptocurrency nominated passes legal qualifications and is approved to be listed by the project team. In the event where multiple supernodes are competing to list the same cryptocurrency, Bgogo will respect the project team’s decision of which supernode they choose to nominate them. Thus, a total 21 coins from supernodes should be listed during each quarter.\n\n20% Per-Trade Commission: \nA fixed amount of 20% of the trading commision generated from trading the cryptocurrency a supernode nominates will be paid to the supernode. \n\nRe-Election Mechanism:\nA daily snapshot of all individual accounts on our platform will be taken at 00:00 (UTC+8). This will be utilized as a criteria for supernode re-election. Based on the daily weighted calculation of BGG positions held in each account, we will obtain a ranking of total BGG holdings in one quarter. The top 21 accounts of that ranking who pass KYC verification will be eligible to obtain supernode status in the following quarter. If a prospective supernode is ineligible or declines to undertake the status, the status will be granted to the next BGG holder in-line as determined by the ranking of that quarter. \n\n![2.PNG](https://cdn.steemitimages.com/DQmcT7KZpCj7j6WZumfaEkMaJStLgSVW6ST34RZbEmryEwH/2.PNG)\n\n3: Team member\nBgogo’s team includes professionals with a working background in tech giants like Google, Facebook, Twitter, and IBM. They are a fully secured and hassle-free platform as it is operating under the supervision of ZHANG YIBO who has over 12 years of professional experience in asset management, private equity, listed companies and investment management sectors both in Hong Kong and in Mainland China. Moreover, Bgogo is backed by a blockchain investment giant Pantera Capital as they have officially announced strategic investment in Bgogo. It is just a matter of time when Bgogo takes over the crypto trading industry.\n\n4:  What's the difference between Bgogo’s mining system and other platform’s\nUnlike other trading platforms that hardly reward their traders for anything, Bgogo will reward their traders with three things:\n   a. The first reward that is a complete game changer is the negative fee on every transaction. The traders will get BGG tokens for the equivalent of their transaction fee within 30 minutes.\n   b. The Second Reward is that the BGG Supernodes will be granted Sole Listing Authority (voting rights for new token listing) and Share 20% of the trading fees.\n   c.  Every 24 hours Bgogo will use all of the trading fees accumulated from a trader to repurchase BGG tokens.\n\n5: Conclude\nThe primary unique selling point of Bgogo is that they emphasis over the quality and excellence of the crypto exchange, meaning, their trading platform is not only reliable, but it makes transactions with a speed of light. This is the prominent reason for considering the Bgogo trading platform.\nIn my opinion a very promising project, read the white paper convinced the presence of the specific plan and the presence of a professional team.\n\n-----------------\n542012105",
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      "author": "thanhlv",
      "body": "Thanks, Just updated .",
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