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      "permlink": "ruffchain-internet-of-things-2-0-part-6",
      "title": "RuffChain – Internet of Things 2.0 Part 6",
      "body": "![-FQqZfp9_400x400.jpg](https://cdn.steemitimages.com/DQmPRoFm9Q8oNL76aP6vJjxrLS7DbL9Cra4gPiAFmCRrSov/-FQqZfp9_400x400.jpg)\n**by Future Blockchain**\n\n***Part 6: Introducing the Ruff team***\n\nIn Part 5 of the series, we learned more about the RUFF token, how it works and what is the current status of the native Ruffchain currency. \n\nNow let’s take a look at the team!\n\nOne of the most important things when starting a new project is to get the right people on board People with a strong background, experience and knowledge who are willing to work hard enough to bring ideas to life. The second most important thing is to have a strong leader. I think Ruff has both.\n\nRuff Chain’s office is located in the Shanghai Zhangjiang Hi-tech Park in China and it is where products and ideas are born.\nSome of the teams, like the technical department staff for example, start the day with a stand-up meeting where everyone stands in a circle and discusses what they worked on yesterday, what their plan is for today, and how the tasks will be assigned. \n\n![ruff team.jpeg](https://cdn.steemitimages.com/DQmT7RWvArGAVyKcQCA3SVymCMvw1x6LseiN6DKHXqoBTRD/ruff%20team.jpeg)\n\n•\t**Development team**\n\nIn the RuffChain development team, there are team members experienced in Solidity and JavaScript, C++ and embedded languages with some of them coming from IT giants such as Intel and Cisco. There are also full-stack engineers, which makes the development team diverse and cross-functional.\n\n•\t**Product Business Department**\n\nThis team’s focus is on combining traditional IoT business scenarios with blockchain technology. They perform business analysis and modeling in the blockchain field as traditional customers begin connecting to this new technology. Some of the customers are preparing to put data on the blockchain, so members of the Product Business Department need to upgrade the original IoT layer architecture to utilize blockchain and provide customers with solutions based on the Ruff public chain\n\n•\t**Core team**\n\nRoy Li – founder\n\n![roy li.png](https://cdn.steemitimages.com/DQmdbzCXHq45C5T5VUphj9mrFrQyWYf3p6GAcK59dLrXVCM/roy%20li.png)\n\nFounder of the project is Roy Li - a well-known expert in network security and the Internet of Things. He is also a senior instructor at Fudan University. As former technical director for Nokia (North America) he was responsible for OVI development and Symbian operating system research and development. He has offered security consulting services for security companies such as Symantec and VeriSign. He has also advised TNB, RealChain, and AIDOC.\nRoy’s primary objective is to bring the development of Ruff’s public blockchains to the masses and captivate traditional customers in the IoT field. By doing so, he looks to unlock new business value and asset securitization models.\n\n\nJin Tianwei – Ruff CMO\n\n![jin.png](https://cdn.steemitimages.com/DQmNcQUSeTpQyweCTwHpaLfgVnmyqiBWq2Ybp4saYyDta8v/jin.png)\n\nJin has ranked consecutively in both the 2017 and 2018 “Forbes 30 Under 30 China” lists. He is in charge of both domestic and overseas operations as well as the promotion of projects including brand establishment, maintenance, and community building.\n\nZhou Yan - Ruff COO\n\n\n![zhou.png](https://cdn.steemitimages.com/DQmW5vfBSYNP21Dm9XCkmvgkk1FeQHkVBGT8AzuRRsS5vYs/zhou.png)\n\nZhou Yan focuses on blockchain business planning and the creation of technical scenarios for the IoT and Blockchain business sectors. He helps plan and evaluate the technical blockchain upgrades for traditional IoT customers.\n\nYang Jie - Ruff Technical Director\n\n![yang.png](https://cdn.steemitimages.com/DQmWTg9J8qfbGrTAPYNAZgkLpq8ZRjtoBxNm5PczRDqF86D/yang.png)\n\nYan is in charge of the application scenario development of Ruff Chain’s public chains including online testing, stress testing, and TPS performance testing using IoT data to ensure the stable operation of public chains in real business situations.\n\nMou Weiyang - Ruff Software Engineer\n\n![mou.png](https://cdn.steemitimages.com/DQmTjDA1bXob6QjBEqJ6LNPCBUxqkP4ySrXmtestnr4aRDw/mou.png)\n\nMou Weiyang helps lead the research and development (R&D) for a series of software platforms such as Ruff/Ruff Lite OS, Ruff SDK, and Ruff Gateway. \n\nIn addition, there is a detailed list of advisor and investors working with RuffChain that you can find in the project whitepaper. If you want to learn more about the core team background and experience – check the official company blog. All social media links are available below.\nNext time we will review the project roadmap, Ruff public chain open-source plan, major partnerships and collaborations and the current state of the project.\n\n**Social media**\n\nTwitter: https://twitter.com/Ruff_Chain\nFacebook: https://www.facebook.com/RuffChainProject/\nEnglish Telegram: https://t.me/ruffchain\nOfficial Blog: https://ruffchain.com/blog/\n\n**Future Blockchain**\n\nMedium: https://medium.com/@futurebchain\nTwitter: https://twitter.com/FutureBchain\nTelegram: t.me/Future_blockchain\nFacebook: https://www.facebook.com/cryptofuturenews/\nSteemit: https://steemit.com/@tst643",
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      "body": "![-FQqZfp9_400x400.jpg](https://cdn.steemitimages.com/DQmPRoFm9Q8oNL76aP6vJjxrLS7DbL9Cra4gPiAFmCRrSov/-FQqZfp9_400x400.jpg)\n\n***by Future Blockchain***\n\n**Part 5: The RUFF token**\n\nLast time we checked the RuffChain smart contract and how it is supposed to improve real-life industries like finance, supply chain, property management and many more by offering blockchain-controlled IoT ecosystem. \n\nWe already know that all these smart contracts on RuffChain will be settled using the company’s very own token – RUFF. The currency will be the benchmark for incentives, spending, and trading within the Ruff public chain ecosystem. \n\nAdditionally, the vision of the Ruff team is for the platform to become fully open-source, and efficient, so different actors can obtain their desired resources through a marketplace where the provision of resources is rewarded in tokens which can, in turn, be used to obtain resources, forming an autonomous economic entity.\n\nAccording to the official whitepaper, \"one or several types of tokens are generated as a standard of settlement” within the Ruffchain ecosystem, which suggests we might see something similar to the NEO/GAS pair in the near future. \n\n![rufftoken.PNG](https://cdn.steemitimages.com/DQmVHyVrYKQmZQAFLZCcQmyTPY2Xjck5e7agEQuEdndUjGC/rufftoken.PNG)\n\nBlockchain participants will accumulate (buy or receive through staking) tokens and use them for standard operations like device initialization or data transactions through the control nodes. Operators, end users and all kind of providers can initiate Call transaction contract to a contact address with a specific requirement and use it for multiple commands or activities. \n\nProviders who participate in verification, accounting, and other activities within the IoT ecosystem will also use the RUFF tokens, and consumers will also deploy contracts and consume resources using RUFF tokens. Use of equipment rights and data generating transactions will also be settled using tokens.\n\nSome of the commands include device initialization, device binding, control command verification, Logging command history onto the master chain. Once the control node receives the command it verifies if the requestor has enough tokens and proceeds further with the activity, sending the command to the relevant node (IoT device).\n\n**Tokenomics**\n\nRUFF is an ERC20 token, it has a suggested total supply of 2,000,000,000 RUFF with 930,800,000 RUFF already in circulation. ICO sale ended on 20th of January 2018 with a great success and the coin was already listed on multiple exchanges.\n\nThe graph below represents the token allocation with approximately 30% being kept by the team and developers for business development, marketing, and strategic reserves, 35% distributed during ICO and 35% remaining for the ecosystem to operate with.\n\n![total supply.PNG](https://cdn.steemitimages.com/DQme8tjHwJqnpYkiJ5oMLEBK4E3DPG1oD67ZFHeiyxGrZKw/total%20supply.PNG)\n\nRuff is currently available for trading on 13 exchanges including Huobi.pro, OTCBTC, gate.io, Coinegg, DigFinex, FEX, 7EBIT, YEX, SABTC, A.mom, CEX, FCoin, and Bi.top - the world’s first fully-ecological digital trading platform. According to the data provided by Coinmarketcap it has a total market capitalization of about $18,985,993 USD making it #210 on the global chart.\n\nIn part 6 I will get to know the team behind the project and will review the roadmap and the Ruff public chain open-source plan.\n\n**Social media**\n\nTwitter: https://twitter.com/Ruff_Chain\nFacebook: https://www.facebook.com/RuffChainProject/\nEnglish Telegram: https://t.me/ruffchain\nOfficial Blog: https://ruffchain.com/blog/\n\n**Future Blockchain**\n\n\nMedium: https://medium.com/@futurebchain\nTwitter: https://twitter.com/FutureBchain\nTelegram: t.me/Future_blockchain\nFacebook: https://www.facebook.com/cryptofuturenews/\nSteemit: https://steemit.com/@tst643",
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      "title": "RuffChain – Internet of Things 2.0 Part 4",
      "body": "![-FQqZfp9_400x400.jpg](https://cdn.steemitimages.com/DQmPRoFm9Q8oNL76aP6vJjxrLS7DbL9Cra4gPiAFmCRrSov/-FQqZfp9_400x400.jpg)\n\n***by Future Blockchain***\n\n**Part 4: Smart Contract of Things and applications**\n\nIn Part 3 of the series I explained what the RuffChain control and Lightning chain differential mechanisms are. We also reviewed the different types of nodes on the blockchain.\n\nThe most important thing when talking about a blockchain startup is how the team plans to materialize their ideas and bring them to the level of a real-life use. With Ruff it is all about successfully blending IoT and Blockchain into a working product.\n\nRuffchain smart contract implementation in the real world is enabled through two processes, running in parallel:\n\n1.\tThe interaction between the decentralized apps (dApps) and the IoT devices via the Ruff OS.\n\n2.\tThe communication between the dApss and the Ruff blockchain\n\nThis will allow the access to smart devices and their functionalities to be fully configured on the Ruffchain. Entrepreneurs or companies can benefit from Ruff and monitor, develop and modify their production systems, manufacturing and power equipment, for instance.\n\nAll the smart contract transactions on the blockchain will be settled using the Ruff token. The currency will be the benchmark for incentives, spending, and trading within the Ruff public chain ecosystem. We will take a more detailed look at the Ruff token next week.\n\n![ruff4.jpeg](https://cdn.steemitimages.com/DQmQC8xVYwCjZiNkg9E9doxU3D4ZU9SRCYtLvz2sz9LHYmK/ruff4.jpeg)\n\n**Application scenarios**\n\nAccording to Ruff whitepaper, common dAps scenarios could be financial leasing, asset securitization, asset pledging, supply chain finance, property registration, and real estate transactions, and so on:\n\n•\t**Property right transfer and rental** - The control node will facilitate the exchange of rights to use an IoT device through a smart contract. The user, who owns or rents the device will request control rights and will pay for tokens in exchange. \n•\t**Open data transactions** – Will allow users, developers, devices and all blockchain participants to exchange data and achieve traceability, quality tracking, capacity forecasting, and distribution functions.\n•\t**Asset management and securitization** – Entrepreneurs, companies, and enterprises can use the Ruffchain to manage their assets - production machines, power generators, manufacturing devices, retail equipment and so on and the generated revenue can be securitized into circulation. Leasing companies and investment funds can achieve asset securitization by transferring real-life assets to the virtual blockchain world. Insurance companies can set up the issuance of financial leasing trust plan and transfer many other processes to the blockchain. Leasing companies can setup their own business working on the Ruffchain where trust and security are guaranteed by the distributed ledger technology.\n\nData management and consistency is one of the best use cases for blockchain technology in general. Transparency and consistency can be achieved through the distributed ledger, so small and medium-sized enterprises (SMEs) can build credit mechanisms using the Ruff blockchain. Currently, the smaller entities are struggling to gain access to credit and support from financial suppliers mainly because it is difficult to quantify and centrally verify their credit data.\n\nThe Ruffchain can change that by offering real-time operation monitoring for enterprises, which can guarantee a report on production status and efficiency. Ruff collects the information from physical devices using an intelligent gateway before it is added to the blockchain, then verifies for any inconsistencies between device protocols, using the Ruff OS. Upstream and downstream contracts can be verified as the intermediate layer is no longer obscured or delayed by contract verification. Additionally, the multi-party reconciliation is more efficient and convenient using a consistent ledger.\n\nNext time we will check the RUFF token, its attributes, supply, price and more.\n\n***Social media***\n\nTwitter: https://twitter.com/Ruff_Chain\nFacebook: https://www.facebook.com/RuffChainProject/\nEnglish Telegram: https://t.me/ruffchain\nOfficial Blog: https://ruffchain.com/blog/\n\n***Future Blockchain***\n\n\nMedium: https://medium.com/@futurebchain\nTwitter: https://twitter.com/FutureBchain\nTelegram: t.me/Future_blockchain\nFacebook: https://www.facebook.com/cryptofuturenews/\nSteemit: https://steemit.com/@tst643",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://medium.com/@futurebchain/ruffchain-internet-of-things-2-0-part-3-a3c5c4db3f7b",
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      "permlink": "ruffchain-internet-of-things-2-0-part-3",
      "title": "RuffChain – Internet of Things 2.0 Part 3",
      "body": "![-FQqZfp9_400x400.jpg](https://cdn.steemitimages.com/DQmPRoFm9Q8oNL76aP6vJjxrLS7DbL9Cra4gPiAFmCRrSov/-FQqZfp9_400x400.jpg)\n\n***by Future Blockchain***\n\n**Part 3: Chain control. Lightning chain differential mechanism. Nodes**\n\nIn Part 2 of the series, I performed a quick review of the main features of the Ruff blockchain. Let’s now look at the Chain Control mechanism and the blockchain node types.\n\n**Chain Control**\n\nThe chain control is the way the devices or light nodes interact between themselves and the command center (control node) on the blockchain. Light nodes and the control node are on the same intranet. Once an Internet of Things device binds to the control node on the master chain, it can be controlled directly by it using specific commands sent directly to the blockchain.\n\nThe structure of the IoT networks requires it to be composed of multiple nodes mainly due to the fact nodes are often very small computing units with power consumption requirements and therefore low computing power and memory. This hardly makes a successful consensus processes execution, so in Ruff, applications will manage the local network in a centralized or decentralized way and go through the application interface to interact on the blockchain.\n\nThere are few types of nodes on the RuffChain:\n\n•\t**Light nodes (Executors)** – Simple IoT device on the network, which after correct authentication on the control node can be operated by the user via smart contracts for activities such as the release of property access rights.\n\n•\t**Full nodes (Recorders)** – As the name suggests, full nodes record all information on the blockchain, participate in event registration or modify broadcasts and vote for other nodes. Devices with high performance will act have a greater role as nodes on the network, becoming representative nodes.\n\n•\t**Representative nodes (Arbiters)** – Are responsible for enforcing the rules on the blockchain and packaging blocks. These special rights come from the fact they were elected with most votes from every group of 105 nodes on the network. The representative node can also obtain revenue from mining by distributing blocks.\n\n•\t**Control nodes (SPV wallet)** – They save all data on the blockchain and use it for transaction and contract verification. They also execute P2P commands to the other devices on the network.  Control nodes don’t need to be online 24 hours per day and can run via smartphone app or through devices with relatively low storage. \n\n![chain2.PNG](https://cdn.steemitimages.com/DQmQryuhx8CipykUo1htNuYjuRUUVzL6jmuBZ1GhEUR1QFZ/chain2.PNG)\n\nThe control node uses TX commands like CreateContract to operate other devices on the network. Common contract contents include: “If you give me certain tokens, I’ll allow you to use the following command on condition that”. The successful creation of the contract will return to save the contract block height and transaction hash (together referred to as the Contract Address).\n\nUsers can also initiate Call transaction contract to a contact address with a specific requirement and use it for multiple commands or activities. The control node validates if user has enough tokens for each operation and executes it, receiving the required amount.\n\nIn case a device is not performing normally or not executing any of the commands as it should be, the user can submit a Review transaction to the master chain, and the negative report will take effect. If a contract gathers numerous such reports, the control app will interactively prompt the user that the contract has many negative reviews.\n\nDifferent command signatures are used to execute chain-based control:\n\n\t**Device initialization** –Device-specific public-private key pair used to unlock it.\n\n\t**Device binding** - The control node initiates a binding command, which contains the public key of the control node and its signature.\n\n\t**Control command verification** – Specific command sent to the light node with command node signature.\n\n\t**Logging command history onto the master chain** - The control node can log all control commands that have been issued\n\nNext time I will review the Smart Contract of Things and applications of the RuffChain.\n\n**Social media**\n\nTwitter: https://twitter.com/Ruff_Chain\nFacebook: https://www.facebook.com/RuffChainProject/\nEnglish Telegram: https://t.me/ruffchain\nOfficial Blog: https://ruffchain.com/blog/\n\n**Future Blockchain**\n\n\nMedium: https://medium.com/@futurebchain\nTwitter: https://twitter.com/FutureBchain\nTelegram: t.me/Future_blockchain\nFacebook: https://www.facebook.com/cryptofuturenews/\nSteemit: https://steemit.com/@tst643",
      "json_metadata": "{\"tags\":[\"iot\",\"ruffchain\",\"blockchain\",\"ico\",\"project\"],\"image\":[\"https://cdn.steemitimages.com/DQmPRoFm9Q8oNL76aP6vJjxrLS7DbL9Cra4gPiAFmCRrSov/-FQqZfp9_400x400.jpg\",\"https://cdn.steemitimages.com/DQmQryuhx8CipykUo1htNuYjuRUUVzL6jmuBZ1GhEUR1QFZ/chain2.PNG\"],\"links\":[\"https://twitter.com/Ruff_Chain\",\"https://www.facebook.com/RuffChainProject/\",\"https://t.me/ruffchain\",\"https://ruffchain.com/blog/\",\"https://medium.com/@futurebchain\",\"https://twitter.com/FutureBchain\",\"https://www.facebook.com/cryptofuturenews/\",\"https://steemit.com/@tst643\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "parent_permlink": "internetofthings",
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      "permlink": "ruffchain-internet-of-things-2-0-part-2",
      "title": "RuffChain – Internet of Things 2.0 Part 2",
      "body": "![-FQqZfp9_400x400.jpg](https://cdn.steemitimages.com/DQmPRoFm9Q8oNL76aP6vJjxrLS7DbL9Cra4gPiAFmCRrSov/-FQqZfp9_400x400.jpg)\n\n**by Future Blockchain**\n\n*Part 2: Main features of Ruffchain. Consensus mechanism*\n\nIn my previous article I went through the current obstacles to develop an interconnected and trusted Internet of Things ecosystem.  \nTrusted interoperability between the different IoT equipment and devices is the main problem Ruff is trying to solve by combining its current IoT operating system with blockchain technology.  The below features will make it easier for vendors to operate in an open ecosystem on Ruff.\n\n**Device control**\n\nEvery “smart” device, built to be part of an IoT network, has its unique address, so when it is sold, the merchant can enter a specific code (private address) into the hardware package and inform the Control Center about it. The later then sends the device a bind command using this private address, which allows user to gain complete control of the device and its features giving the same rights to the Control Center. The center can then delete old hardware private key and save its own address. The main goal is to have a centralized and secured operations control over the IoT devices in the network.\n\nThere are three types of control suggested:\n\n•\tPeer-to-peer control – Direct control executed by the control center. It operates the device by sending TX text commands with its own signature to the device.\n•\tChain-state based control – When no peer-to-peer connection can be established, the device can be “forced” to synch its status or control commands directly with the chain. The control center sends a specific command over the chain - a \"state change\" TX or \"control command\" TX. This can also be executed through a trusted light node (such as a bridge device).\n•\tAutomated control – Configure the use of a custom control logic through the Ruff console app built with traditional development language. This will also help reduce operational costs and risk of device failures.\n\n![1_o-0jHDJIcq9ejP5wcU8Byw.jpeg](https://cdn.steemitimages.com/DQmVdm2waYEU4ZWgCSNLN8q9oNsLeE8wKh9yth6PUcjvf71/1_o-0jHDJIcq9ejP5wcU8Byw.jpeg)\n\n**Time sequence data**\n\nOne of the main problems in isolated centralized networks is with data consistency in circulation processes, device lifecycle and overall availability. Ruff's edge computing node will apply timestamp data and will synchronize it as the core data value. Timestamps will be synchronized across IoT blockchain network, devices and nodes.\n\n**Consensus Mechanism**\n\nLike all blockchains, Ruff also has a consensus mechanism. The chose to use DpoS or Delegated proof of stake, where token holders in the entire network can select block producers through the voting system. Once selected, anyone can participate in block production. The DpoS uses real-time voting combined with a social system of reputation to achieve consensus. Their system produces a block every 9 seconds and at any given moment, only one producer is authorized to produce a block.\n\n**Security**\n\nThe Ruffchain guarantees security and privacy thanks to blockchain encryption technology and decentralization. It is well defended against replay attacks (thanks to the use of time-stamp-based one-time tokens) and errors on the network. Once a fault is detected in main application node it will switch task to another node to guarantee the consistency of local application network. Additionally, the Ruff OS symmetric keys are not transferred directly on the network.\n\nIn Part 3 of the series, I will review the Ruffchain lightning chain differential mechanism, chain control and chain node types.\n\n**Social media**\n\nTwitter: https://twitter.com/Ruff_Chain\nFacebook: https://www.facebook.com/RuffChainProject/\nEnglish Telegram: https://t.me/ruffchain\nOfficial Blog: https://ruffchain.com/blog/\n\n**Future Blockchain**\n\n\nMedium: https://medium.com/@futurebchain\nTwitter: https://twitter.com/FutureBchain\nTelegram: t.me/Future_blockchain\nFacebook: https://www.facebook.com/cryptofuturenews/\nSteemit: https://steemit.com/@tst643",
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      "title": "RuffChain – Internet of Things 2.0 Part 1",
      "body": "![-FQqZfp9_400x400.jpg](https://cdn.steemitimages.com/DQmPRoFm9Q8oNL76aP6vJjxrLS7DbL9Cra4gPiAFmCRrSov/-FQqZfp9_400x400.jpg)\n\n***by Future Blockchain***\n\n**Part 1: Introduction to Ruff and RuffChain**\n\n\nThe Internet of things (IoT) technology allowed different objects in our lives to become digitally interconnected and communicate with each other. Homes, cars, TVs, even toasters, air-conditioners and coffee machines suddenly started working in synch and it looked like the future was finally here.\nFew years after IoT became mainstream, however, there are still a lot of problems to be addressed and that proved to be a major barrier for further development. Some of them include:\n\n-\tFragmentation –  IoT products and groups of products are still fragmented, working in closed isolated networks. We have different software and applications for the many IoT connected things which heavily impacts the networkability.  \n-\tStandardization – There are variety of standards and IoT protocols for products on all layers. \n-\tSecurity of large-scale IoT application –IoT devices are being exploited by hackers who infiltrate their network thanks to the low security levels, multiple weak access points and a large chain of products, devices, platforms, vendors, third party resources companies etc.\n-\tTrusted interoperability between IoT systems\n-\tEase of use and flexibility –Unifying standards in the application layer is required as current IoT systems are difficult to develop and maintain.\n\nRuff is a company working to improve the current IoT technology by making it easier to access and use by both developers and end customers. \n\nFew years ago, they created the Ruff OS for IoT applications, enabling the same application code to be operated on different boards without the need for cross compiling or board programming. This unified operating system, which was built to replace the original embedded operating systems, managed to resolve the problem of fragmentation and standardization in IoT and was moving to close the gap between software and hardware. \nAs part of the Ruff OS, the company provided a package of solutions for the IoT industry - SDK software tools development kit, software package sharing, and IoT development suite and created the Ruff Plant Insight, an IoT application for the industrial sector. \n\nAiming to perfect the symbiosis between hardware and software, Ruff also released a hardware product - the Intelligent Gateway to the IoT, with the three key advantages of compatibility (plug and play), scalability (software defines hardware) and maintainability (OOTB). The client could now complete the configuration of a device in only three easy steps. \n\n![IoT.PNG](https://cdn.steemitimages.com/DQmWGiAqrHVTjezPiHEERVZFUAGA7k7ENV7sCaichbQ41zr/IoT.PNG)\n\nThe company took all necessary steps to become a leader in IoT development and management, so the next logical step was embracing blockchain technology to bring the project to the next level and face security and trusted interoperability issues. In other words –open the closed IoT systems and make them communicate.\nThe decentralized and distributed characteristics of Blockchain combined with the advantages of Ruff IoT OS resulted in the creation of RuffChain. \n\nRuffChain contains a distributed operating system and an open main chain, connecting peer to peer network and consensus mechanism from the virtual world to reality. The combination of edge computing and blockchain enhances usability to meet the Internet of Things demand for real-time flexibility and make growth possible.\nNext week I will perform an in-depth analysis of the main features of the RuffChain platform to see how exactly they plan to use the blockchain to solve trusted interoperability and security issues in IoT.\n\n**Social media**\n\nTwitter: https://twitter.com/Ruff_Chain\nFacebook: https://www.facebook.com/RuffChainProject/\nEnglish Telegram: https://t.me/ruffchain\nOfficial Blog: https://ruffchain.com/blog/\n\n**Future Blockchain**\n\n\nMedium: https://medium.com/@futurebchain\nTwitter: https://twitter.com/FutureBchain\nTelegram: t.me/Future_blockchain\nFacebook: https://www.facebook.com/cryptofuturenews/\nSteemit: https://steemit.com/@tst643",
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      "title": "RuffChain – Internet of Things 2.0 Part 1",
      "body": "![-FQqZfp9_400x400.jpg](https://cdn.steemitimages.com/DQmPRoFm9Q8oNL76aP6vJjxrLS7DbL9Cra4gPiAFmCRrSov/-FQqZfp9_400x400.jpg)\n\n***by Future Blockchain***\n\n**Part 1: Introduction to Ruff and RuffChain**\n\n\nThe Internet of things (IoT) technology allowed different objects in our lives to become digitally interconnected and communicate with each other. Homes, cars, TVs, even toasters, air-conditioners and coffee machines suddenly started working in synch and it looked like the future was finally here.\nFew years after IoT became mainstream, however, there are still a lot of problems to be addressed and that proved to be a major barrier for further development. Some of them include:\n\n-\tFragmentation –  IoT products and groups of products are still fragmented, working in closed isolated networks. We have different software and applications for the many IoT connected things which heavily impacts the networkability.  \n-\tStandardization – There are variety of standards and IoT protocols for products on all layers. \n-\tSecurity of large-scale IoT application –IoT devices are being exploited by hackers who infiltrate their network thanks to the low security levels, multiple weak access points and a large chain of products, devices, platforms, vendors, third party resources companies etc.\n-\tTrusted interoperability between IoT systems\n-\tEase of use and flexibility –Unifying standards in the application layer is required as current IoT systems are difficult to develop and maintain.\n\nRuff is a company working to improve the current IoT technology by making it easier to access and use by both developers and end customers. \n\nFew years ago, they created the Ruff OS for IoT applications, enabling the same application code to be operated on different boards without the need for cross compiling or board programming. This unified operating system, which was built to replace the original embedded operating systems, managed to resolve the problem of fragmentation and standardization in IoT and was moving to close the gap between software and hardware. \nAs part of the Ruff OS, the company provided a package of solutions for the IoT industry - SDK software tools development kit, software package sharing, and IoT development suite and created the Ruff Plant Insight, an IoT application for the industrial sector. \n\nAiming to perfect the symbiosis between hardware and software, Ruff also released a hardware product - the Intelligent Gateway to the IoT, with the three key advantages of compatibility (plug and play), scalability (software defines hardware) and maintainability (OOTB). The client could now complete the configuration of a device in only three easy steps. \n\n![IoT.PNG](https://cdn.steemitimages.com/DQmWGiAqrHVTjezPiHEERVZFUAGA7k7ENV7sCaichbQ41zr/IoT.PNG)\n\nThe company took all necessary steps to become a leader in IoT development and management, so the next logical step was embracing blockchain technology to bring the project to the next level and face security and trusted interoperability issues. In other words –open the closed IoT systems and make them communicate.\nThe decentralized and distributed characteristics of Blockchain combined with the advantages of Ruff IoT OS resulted in the creation of RuffChain. \n\nRuffChain contains a distributed operating system and an open main chain, connecting peer to peer network and consensus mechanism from the virtual world to reality. The combination of edge computing and blockchain enhances usability to meet the Internet of Things demand for real-time flexibility and make growth possible.\nNext week I will perform an in-depth analysis of the main features of the RuffChain platform to see how exactly they plan to use the blockchain to solve trusted interoperability and security issues in IoT.\n\n**Social media**\n\nTwitter: https://twitter.com/Ruff_Chain\nFacebook: https://www.facebook.com/RuffChainProject/\nEnglish Telegram: https://t.me/ruffchain\nOfficial Blog: https://ruffchain.com/blog/\n\n**Future Blockchain**\n\n\nMedium: https://medium.com/@futurebchain\nTwitter: https://twitter.com/FutureBchain\nTelegram: t.me/Future_blockchain\nFacebook: https://www.facebook.com/cryptofuturenews/\nSteemit: https://steemit.com/@tst643",
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      "body": "@@ -3772,16 +3772,211 @@\n n IoT.%0A%0A\n+**Social media**%0A%0ATwitter: https://twitter.com/Ruff_Chain%0AFacebook: https://www.facebook.com/RuffChainProject/%0AEnglish Telegram: https://t.me/ruffchain%0AOfficial Blog: https://ruffchain.com/blog/%0A\n %0A**Futur\n",
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      "permlink": "ruffchain-internet-of-things-2-0",
      "title": "RuffChain – Internet of Things 2.0",
      "body": "![-FQqZfp9_400x400.jpg](https://cdn.steemitimages.com/DQmPRoFm9Q8oNL76aP6vJjxrLS7DbL9Cra4gPiAFmCRrSov/-FQqZfp9_400x400.jpg)\n\n***by Future Blockchain***\n\n**Part 1: Introduction to Ruff and RuffChain**\n\n\nThe Internet of things (IoT) technology allowed different objects in our lives to become digitally interconnected and communicate with each other. Homes, cars, TVs, even toasters, air-conditioners and coffee machines suddenly started working in synch and it looked like the future was finally here.\nFew years after IoT became mainstream, however, there are still a lot of problems to be addressed and that proved to be a major barrier for further development. Some of them include:\n\n-\tFragmentation –  IoT products and groups of products are still fragmented, working in closed isolated networks. We have different software and applications for the many IoT connected things which heavily impacts the networkability.  \n-\tStandardization – There are variety of standards and IoT protocols for products on all layers. \n-\tSecurity of large-scale IoT application –IoT devices are being exploited by hackers who infiltrate their network thanks to the low security levels, multiple weak access points and a large chain of products, devices, platforms, vendors, third party resources companies etc.\n-\tTrusted interoperability between IoT systems\n-\tEase of use and flexibility –Unifying standards in the application layer is required as current IoT systems are difficult to develop and maintain.\n\nRuff is a company working to improve the current IoT technology by making it easier to access and use by both developers and end customers. \n\nFew years ago, they created the Ruff OS for IoT applications, enabling the same application code to be operated on different boards without the need for cross compiling or board programming. This unified operating system, which was built to replace the original embedded operating systems, managed to resolve the problem of fragmentation and standardization in IoT and was moving to close the gap between software and hardware. \nAs part of the Ruff OS, the company provided a package of solutions for the IoT industry - SDK software tools development kit, software package sharing, and IoT development suite and created the Ruff Plant Insight, an IoT application for the industrial sector. \n\nAiming to perfect the symbiosis between hardware and software, Ruff also released a hardware product - the Intelligent Gateway to the IoT, with the three key advantages of compatibility (plug and play), scalability (software defines hardware) and maintainability (OOTB). The client could now complete the configuration of a device in only three easy steps. \n\n![IoT.PNG](https://cdn.steemitimages.com/DQmWGiAqrHVTjezPiHEERVZFUAGA7k7ENV7sCaichbQ41zr/IoT.PNG)\n\nThe company took all necessary steps to become a leader in IoT development and management, so the next logical step was embracing blockchain technology to bring the project to the next level and face security and trusted interoperability issues. In other words –open the closed IoT systems and make them communicate.\nThe decentralized and distributed characteristics of Blockchain combined with the advantages of Ruff IoT OS resulted in the creation of RuffChain. \n\nRuffChain contains a distributed operating system and an open main chain, connecting peer to peer network and consensus mechanism from the virtual world to reality. The combination of edge computing and blockchain enhances usability to meet the Internet of Things demand for real-time flexibility and make growth possible.\nNext week I will perform an in-depth analysis of the main features of the RuffChain platform to see how exactly they plan to use the blockchain to solve trusted interoperability and security issues in IoT.\n\n\n**Future Blockchain**\n\n\nMedium: https://medium.com/@futurebchain\nTwitter: https://twitter.com/FutureBchain\nTelegram: t.me/Future_blockchain\nFacebook: https://www.facebook.com/cryptofuturenews/\nSteemit: https://steemit.com/@tst643",
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      "permlink": "crypto-market-highlights-and-btc-eth-xrp-september-12",
      "title": "Crypto market highlights and BTC, ETH, XRP September 12",
      "body": "For recent updates you can follow me on Twitter - @FutureBchain \n\n**BTC/USD**\n\nThe new week started with the same old fights and the US Securities and Exchange Commission continuing its battle against crypto-trading funds that lack enough transparency. The SEC announced it will temporarily prohibit trading for US investors in the Bitcoin Tracker One and Ether Tracker One (listed on the NASDAQ/OMX exchange in Stockholm), a financial instrument known as Exchange Traded Notes, which is very similar to ETFs (Exchange traded funds). The regulator pointed the “lack of current, consistent and accurate information concerning Bitcoin Tracker One and Ether Tracker One” as the main reason.\nOne day later a federal judge has ruled that U.S. securities laws may cover an initial coin offering, handing the government a legal victory over an ICO. According to him the government can proceed with a case alleging that an initial coin offering is a security for purposes of federal criminal law.\nWe also saw some good news though. \nFirst it was the European Commission Vice-President Valdis Dombrovskis who said at an informal meeting of the (Ecofin) that after additional review of the crypto-assets, EU's finance ministers think \"crypto-assets are here to stay” and “despite the recent turbulence, this market continues to grow.\" He also noted that ICOs could emerge as a viable form of alternative financing, but there are still risks for investment protection due to lack of transparency and risks of money laundering, potential fraud or hacking”. The other challenge is the crypto assets categorization and classification. Dombrovskis added that the commission is working with European Supervisory Authorities on a regulatory mapping of crypto assets to answer above questions. \nThe US banking giant Citigroup is reportedly preparing to launch \"Digital Asset Receipt\" (DAR) for investing in cryptocurrencies. The bank will use this synthetic financial instrument to enable trading by proxy without direct ownership of the underlying coins, which will be held by a custodian instead.\nBTC price, however, remained totally unaffected and it was trading mostly in the $64000-$6200 range on Monday, September 10th with trading volume also staying relatively flat at $4.8 billion. Cryptocurrency market is still in the process of bottoming, so the series of good news had little to no effect maybe just ensuring BTC temporarily hits the breaks.\n\nOn Tuesday, September 11th, bulls and bears could not push the price in either direction and once again we saw Bitcoin trading in the lower end of the mid-6000-dollar price level.\nTwo new stablecoins launched this week with Gemini exchange (owned by the Winklevoss twins) announcing the \"Gemini Dollar\" (GUSD), a dollar-backed stablecoin, and Blockchain Trust company Paxos issuing the U.S.-dollar backed Paxos Standard. Both coins are built on the Ethereum blockchain and are regulated (and approved) by the New York State Department of Financial Services.\nMarketwatch reported on Wednesday, September 12, that Bitcoin futures contracts have been seeing their trading volumes drop. On Monday, September 11, they hit a month low with only 1,965 contracts on the Chicago Mercantile Exchange (CME). Trading volume is down nearly 29% from Friday, September 7, and down about 72.2% from one month ago.\nAt the same time the total crypto marketcap continues to drop and now stands at $187 billion. The drop amounts to a total of $643 billion that has vanished from the market since its all-time high near $829.96 billion.\nThe biggest cryptocurrency now stands at $6278, almost flat since yesterday with 24h trading volume of 4.85b versus 4.81 same time yesterday.\nPrice targets remain the same – escape from the 6200-6600 corridor then $6800 and $7k. Downwards we see 6k as a major support and 5800 as the next possible level to hold.\n\n![btc12sept.PNG](https://cdn.steemitimages.com/DQmTSPEMHcaNdm3L92NcZYvcVuvQYjp5rSbJJNgaXNC2Sfd/btc12sept.PNG)\n\n**ETH/USD**\n\nThe most popular altcoin continues to add to its losses without any light in sight. ETH/USD lost $30 of its value since Monday and now sits at $171, down 6.6% for the day and 40% for the last 7 days.\nThe widely recognized economist Nouriel Roubini stated that the decline in the value of Ethereum was expected due to its lack of active decentralized applications (dApps). According to him it’s no wonder ETH is crashing and 75% of Ethereum-built “DApps are crypto-kitties, scammy Ponzi pyramid schemes & Casino games. The other 25% are DEX that no one uses as 99% of transactions are on centralized exchanges. & 99% of crypto-currencies have already lost 99% of their value.”\nAs I mentioned in my last report Break and hold below $190-$195 would mean we're looking at $140-$150 short-term. On the upside traders will need to hold $200 then push above September 2017 low of $220 (possible even $217).\n\n![eth12.PNG](https://cdn.steemitimages.com/DQmPiVBykdmN72ugSEbbXei9np5mafQYimnibwPycQ36GyK/eth12.PNG)\n\n**XRP/USD**\n\nThe ripple token was down 7.3$ on Monday when it also breached the $0.27 support. It lost another 2% of its value on Tuesday, but then compensated for the loses on Wednesday and now sits at $0.263, 1.8% up for the day, with 24h trading volume of 314 mill up from 298\nXRP/USD will most probably go back above $0.27 as I don’t see it will easily break that support. Next level, however, will be the $0.21-$0.20 support. Upwards it is the $0.30 level.\n\n![xrp12.PNG](https://cdn.steemitimages.com/DQmV9ysjJmdgPFxm3yLTetrz8y9qpoLoeuLgeV16eQcQAiH/xrp12.PNG)\n\nFuture Blockchain\n\n\nMedium: https://medium.com/@futurebchain\nTwitter: https://twitter.com/FutureBchain\nTelegram: t.me/Future_blockchain\nFacebook: https://www.facebook.com/cryptofuturenews/\nSteemit: https://steemit.com/@tst643",
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      "body": " @tst643, I gave you a vote!<br>If you follow me, I will also follow you in return!<br>Enjoy some !popcorn courtesy of @nextgencrypto!",
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      "permlink": "bizshake-the-p2p-sharing-ecosystem-part-2",
      "title": "BizShake – The P2P Sharing Ecosystem Part 2",
      "body": "![bizshake.png](https://cdn.steemitimages.com/DQmQiTuTX4TBt17G2opc4aHiALNfv3u6RHDTEXr4eUPFTz1/bizshake.png)\n\n***by Future Blockchain***\n\nBizShake is a Sharing Economy 2.0 ecosystem that will allow P2P transactions without intermediary costs for trust provision, based on the Blockchain technology, greatly reducing transaction fees for users. \nIn the first part of the article I reviewed some of the main features of the Bizshake ecosystem - the SmartRent and SmartPawn applications as well as the SmartCertify and SmartIdentify systems. \n\n**•\tSmartDispute**\nSmartDispute is another core application. This system will help resolve any major dispute cases between the parties during a transaction.\n\nThe system will work on three stages:\n-\tUsers will be allowed to resolve the dispute between themselves with the affected user requesting compensation from the other. The penalty can have a fixed value or be chosen by the user depending on the situation and is to be accepted or counteroffered by the other person.\n-\t If there is no agreement after 2 rounds of negotiations, the requestor can escalate the dispute case and engage the Panel of Arbiters – a group of 5 users at the highest credibility level randomly chosen by Smart Contract.\n-\tThe Arbiters will vote and emit a verdict (penalty as a percentage of the amount claimed by the user who escalated the dispute). The compensation, as decided the by the Arbiters, will be transferred from the deposit locked in the lessee’s wallet to the lessor and unlock the remaining deposit.\nAfter the round of judging each Arbiter will review and score the vote of the other Arbiters using a score system from 0 to 5. An Arbiter with a reputation of less than 3.5 points after 3 arbitrations will no longer be qualified to be in the arbitration.\n\n**Application Programming Interface (API)**\n\nOne of the coolest things in the BizShake project is their planned Application Programming Interface (API) that will allow developers to access the BizShake blockchain smart contracts and build their own applications, using the exact same infrastructure like the core BizShake applications like SmartRent or SmartPawn. This will help entrepreneurs and blockchain engineers create their own P2P sharing services depending on their business needs and requirements.\nBizShake will strongly encourage developers from all over the world to implement new applications based on the business logic for vertical market or specific asset class in order to further enhance the adoption of the BizShake business model.\n\n**Fees and Comissions**\n\nThe Bizshake ecosystem will charge a 5% fee of each transaction value on the blockchain – 5% rental fee on SmartRent or 5% pawn interest on SmartPawn. The Panel of Arbiters in SmartDispute will charge 2% fee from the amount claimed by the user who escalated the dispute and the Certifier Users in SmartCertify will earn a commission for every certification from the asset owner.\n\n**Tokenomics**\n\nThe token used on the BizShake blockchain will be the BZS with a total supply of 200 000 000. 50% of the tokens will be distributed during sale and the other 50% as show below. \n\n![bizshake tokens.PNG](https://cdn.steemitimages.com/DQmdyVdjjvsP2KF4Z2hakh9tdJNEG2QHmGX8MDSJhW8bsex/bizshake%20tokens.PNG)\n\nFunds will be allocated in Product Development (50%), Marketing (25%), Business development (15%), Legal (5%) and Other (5%).\nBZS token holders will be able to vote for all strategic business decisions in the so-called Token Holders Steering Committee (as part of the BizShake Governance model) and elect one member of the Board of Directors members.\nAdditionally, the token holders will be entitled to receive 30% of the dividends distributed by BizShake Inc.\n\n**Team**\n![bizshake team.PNG](https://cdn.steemitimages.com/DQmWNQAm3xj8MSRnimKrPYooxJskDGKupnwHaN7tFGob2ce/bizshake%20team.PNG)\n\nThe BizShake core team consists of group of Computer Science and Engineering specialists, Digital Marketing and Design gurus, cloud solution architecture and enterprise architecture graduates and even one IT researcher at CERN (yes, CERN, the guys with the Large Hadron Collider). Project advisors are mainly serial blockchain entrepreneurs from across the globe and corporate law specialists.\n\n**Conclusion**\n\nThe Alpha version of the BizShake platform is ready and available on the official webpage here: https://alpha.bizshake.io/. There are already few products listed for rent there, so I can say we have a working product. It is just a matter of time before the final version is completed and all above-mentioned applications come in play.\nI really like the P2P platforms and the overall idea of the sharing economy, so they can only benefit from the blockchain technology. The distributed ledger will assist in building trust and remove high intermediary fees, whilst providing decentralization and security. I think the BizShake platform can gain huge success in developed western countries were overconsumption is already a problem and people are shifting from buying and owning to renting and sharing.\n\n***Social Media:***\n\nWebpage: https://bizshake.io/\nTelegram: https://t.me/bizshake\nTwitter: @BizShake_ico\n\nDisclaimer: Part of the article group.\n\nFuture Blockchain\n\nFor recent updates you can follow me on Twitter - @FutureBchain or check my other my social media contact details\nMedium: https://medium.com/@futurebchain\nTwitter: https://twitter.com/FutureBchain\nTelegram: t.me/Future_blockchain\nFacebook: https://www.facebook.com/cryptofuturenews/\nSteemit: https://steemit.com/@tst643",
      "json_metadata": "{\"tags\":[\"ico\",\"bizshake\",\"p2p\",\"sharing\",\"economy\"],\"users\":[\"bizshake\",\"futurebchain\"],\"image\":[\"https://cdn.steemitimages.com/DQmQiTuTX4TBt17G2opc4aHiALNfv3u6RHDTEXr4eUPFTz1/bizshake.png\",\"https://cdn.steemitimages.com/DQmdyVdjjvsP2KF4Z2hakh9tdJNEG2QHmGX8MDSJhW8bsex/bizshake%20tokens.PNG\",\"https://cdn.steemitimages.com/DQmWNQAm3xj8MSRnimKrPYooxJskDGKupnwHaN7tFGob2ce/bizshake%20team.PNG\"],\"links\":[\"https://alpha.bizshake.io/\",\"https://bizshake.io/\",\"https://t.me/bizshake\",\"https://medium.com/@futurebchain\",\"https://twitter.com/FutureBchain\",\"https://www.facebook.com/cryptofuturenews/\",\"https://steemit.com/@tst643\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "permlink": "crypto-market-highlights-and-btc-eth-september-6th",
      "title": "Crypto market highlights and BTC, ETH – September 6th",
      "body": "***by Future Blockchain***\n\n\n**BTC/USD**\n\nBitcoin was up 8% last week, with a significantly increased trading volume of $7,2b. The most popular cryptocurrency was also stable on Monday, starting the day at the $7,200 range. \nLast week chart allowed BTC to demonstrate a possibility of a break out in the short-term if $7400/$7500 level is successfully crossed and defended. Naturally, if Bitcoin was to initiate a major movement on the upside, tokens would also follow, raising the overall market cap. Price, however, was relatively flat on Monday, still trading above $7200.\nIt is worth noting that the 24h trading volume dropped from 7.6b on Sunday evening to 4.3b on Monday afternoon. BTC/USD went as high as $7330 and as low as $7185 during that period. \nBTC consolidated the gains on Tuesday, almost touching $7400 with 24h trading volume of about 5b, up from 4.3b registered the previous day.\nThe German market organizer Deutsche Bourse reported it was preparing to set up a dedicated blockchain and crypto-assets unit. The German exchange established a 24-person team led by Jens Hachmeister to co-ordinate its blockchain-based activities across the group, adding:\n\"From Deutsche Börse’s point of view, the DLT/blockchain technology is a key opportunity for the creation of new market structures, adding new products onto our present structures and enhancing our existing offerings,\"\nAnother event, however, miraculously coincided with the BTC bull run and impacted the price of BTC.\n$100 million dollars’ worth of Bitcoins (at least 15,593 BTC or about 14% of the whale’s fortune) were moved into the market on Tuesday through three exchanges; BitMEX, Binance and Bitfinex. The funds probably belong to Dread Pirate Roberts (DPR), the account of the Silk Road’s admin, a Mt Gox user, or a Silk Road vendor. The funds were transferred to the exchanges throughout 10 days, with 11,100 BTC going to Bitfinex and 4,400 to Binance \n\nBitcoin initiated a correction on Wednesday, dropping from $7385 to $6871 between 11:40 CET and 13:00 CET before rebounding to 7k at 14 CET.  The biggest cryptocurrency is on its way down since that point in time erasing approximately $1000 from its value (14%). \nMany factors could be contributing to the sudden cataclysm. \nSome suggest its Goldman Sachs moving their plan for a crypto trading desk lower down on the priority list. The Wall Street banking giant will be focusing on other digital-coin services, such as a custody product.\nOther say it was Erik Voorhees, the chief executive officer of cryptocurrency exchange ShapeShift AG (one of the best known platforms offering peer-to-peer trading,) who pulled the trigger in a blog post stating that the platform is launching a membership program, which \"requires basic personal information to be collected.\" and will \"become mandatory soon.\"\nThis is important news as Erik Voorhees and ShapeShift were advocating decentralization and anonymity for a long time, now they are stepping on the backpedal.\nBTC now sits at $6400, down almost 13% for the last 24 hours, but still 1% up for the 14-day period.\nWe are now back to the same old mid-6000s price range corridor. Naturally, next target will be to escape from here, break $6600 and the resistance at $6800, before attempting another attack on 7k.  It will be interesting to see if $6800 could still be turned into a support or we have the shorts there already. Down, we are looking to 6k as major, major support line.\n![btc06.PNG](https://cdn.steemitimages.com/DQmd9huFTH5oza9pGgTUh8wve2JquchPQXNQiRoPXLoR9kB/btc06.PNG)\n\n**ETH/USD**\n\nEthereum was trading in the $296 - $286 range at the start of the week with volumes dropping from 2.8b to 2b the day before. The trading volume bounced back to 2.8b on Tuesday, but price was lacking overall direction, obviously waiting for BTC to make a move to follow. \nUnfortunately, this is what we saw on Wednesday morning when ETH/USD entered yet another correction. And this time it dropped like a rock, smashing through the $280 support. The so called “dangerous zone” between $270-$250 was also broken, although it showed some resistance in its mid-section. \nThe most popular altcoin currently stands at $226 (or 20% down for the last 24h), way below the $250 September 2017 low. It landed straight to zone 210-220$. Alt season without ETH is not possible as it is the best indicator for alt season and rest of the top 10 will only follow. Expecting a small bounce to around $240-50 before continuing downwards.\n![eth06.PNG](https://cdn.steemitimages.com/DQmcF1dZnhrWaxgy4F1Tz9DGZ77Z5L35t8mMrP3CJYZg4Dj/eth06.PNG)\n\n**XRP/USD**\n\nThe Ripple company currency moved between $0.345 and $0.3347 on Monday with 24h volume dropping from $310 mill to $240 mill. There was no visible price change on Tuesday, very similar to Ethereum, but trading volume doubled to $520 mill vs $260 the day before.\nLike most of the top 100 currencies, XRP also experienced heavy losses on Wednesday and early Thursday. Price dropped from $0.3319 to $0.279 and now sits at $0.283, 17% down on weekly basis. Targets remain the same – $0.27 support in case of further correction and $0.30, followed by $0.34 upwards.\n![xrp06.PNG](https://cdn.steemitimages.com/DQmc61kH2o6dz44JXbYHRrAs59c4yJ2htn2umcYwE6dqyDo/xrp06.PNG)\n\nFuture Blockchain\n\n\nMedium: https://medium.com/@futurebchain\nTwitter: https://twitter.com/FutureBchain\nTelegram: t.me/Future_blockchain\nFacebook: https://www.facebook.com/cryptofuturenews/\nSteemit: https://steemit.com/@tst643",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"btc\",\"eth\",\"ethereum\",\"crypto\"],\"image\":[\"https://cdn.steemitimages.com/DQmd9huFTH5oza9pGgTUh8wve2JquchPQXNQiRoPXLoR9kB/btc06.PNG\",\"https://cdn.steemitimages.com/DQmcF1dZnhrWaxgy4F1Tz9DGZ77Z5L35t8mMrP3CJYZg4Dj/eth06.PNG\",\"https://cdn.steemitimages.com/DQmc61kH2o6dz44JXbYHRrAs59c4yJ2htn2umcYwE6dqyDo/xrp06.PNG\"],\"links\":[\"https://medium.com/@futurebchain\",\"https://twitter.com/FutureBchain\",\"https://www.facebook.com/cryptofuturenews/\",\"https://steemit.com/@tst643\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "permlink": "bizshake-the-p2p-sharing-ecosystem-part-1",
      "title": "BizShake – The P2P Sharing Ecosystem Part 1",
      "body": "![bizshake.png](https://cdn.steemitimages.com/DQmQiTuTX4TBt17G2opc4aHiALNfv3u6RHDTEXr4eUPFTz1/bizshake.png)\n\n***by Future Blockchain***\n\n**Overview**\n\nIn a world where people slowly begin to alienate themselves from each other, trust and transparency are of greatest importance. Most of the people tend to avoid doing business with strangers unless there are guarantees for product quality and authenticity or confirmed user identity. This is one of the main obstacles for the sharing platforms to take over the world and replace traditional economies. Even though they “stole” a large portion of the market share, they are still lagging.\n\nBlockchain is the revolutionary technology that holds the key to success, thanks to its distributed ledger and security. Finally, it will be possible to cut intermediaries out of the system and reduce transaction and payment fees while bringing trust and transparency.\nBizShake is the company aiming to embrace this opportunity and build trustworthy P2P Sharing ecosystem for renting and pawning on the blockchain. \nThe company will develop an ecosystem based on the “Cooperative Consumption” - instead of buying and owning goods and assets, consumers will be sharing access to certain resources and paying to temporary use them.\nKey features\n\nI will split my article in two, so I can make a full, more detailed review of the project and cover all key features.\nThe P2P sharing platforms solved many problems traditional economies couldn’t, but are still unable to bring transparent, trustworthy and most importantly cheaper solution. New-generation startups like Airbnb successfully provided users with direct market access, but at their core they are still centralized platforms that need to validate and process each and every deal while charging high fees from both tenants and landlords.\n\n![bizshake.featurespng.PNG](https://cdn.steemitimages.com/DQmYQYtcXB8q1EzFATZ75KekWYA1CiTZFETT7VG5SHMk5Mh/bizshake.featurespng.PNG)\n\nBizShake team is building Sharing Economy 2.0 ecosystem that will allow P2P transactions without intermediary costs for trust provision, based on the Blockchain technology, greatly reducing transaction fees for users. \nThe platform will be using the NEO blockchain due to its multiple advantages over the other blockchains available today – high transaction speed, security, quantum-proof and environment-friendly algorithm and digital identity implementation features.\n\n![advantages.PNG](https://cdn.steemitimages.com/DQmUyMXUy9u9gpKJVvdUDVqaooqu9QGDfvt4uByzK7TwNCC/advantages.PNG)\n\nBizshake is utilizing the NEO blockchain to improve renting and pawning industries through their two main business models – SmartRent and SmartPawn.\n\n•\t**SmartRent**\n\nAs the name suggests, SmartRent will allow users to lease assets to other users for a specific period of time. The lessor will add the asset to the blockchain and put a price for the service. The lessee, on the other hand, will review the offer and reserve the asset by making initial deposit and then strike a deal through a smart contract.\nFor certified asset through SmartCertify, the lessor can also decide whether he/she wants to add an insurance to the asset, which covers the amount exceeding the deposit up to the certified object value.\nThe SmartRent model will benefit lessor by giving him the chance to profit from an asset that would otherwise sit dormant and also the lessee by providing him with access to an asset without the need of buying it.\n\n![smartrent.PNG](https://cdn.steemitimages.com/DQmW2qxfizixQyGaSwwxBwKoA843avniWaMvd15XcSbeLm5/smartrent.PNG)\n\n•\t**SmartPawn**\n\nThe SmartPawn model will give users (pawners) the opportunity to obtain a short-term loan, backed by an asset, from another user (lender).\nThe pawner will list an asset on the blockchain (again with full description and parameters inluding geographic region, preferred interested rate and period) and ask for a loan. If a lender is interested in the offer, they once again create a smart contract.\nThe pawner will monetize from an asset without selling it and the lender will enjoy the benefit from having access to an asset without actually paying its full price.\n\n![smartpawn.PNG](https://cdn.steemitimages.com/DQmdqooMQa23kYdTEgGWHfmYDpbQQCv472WGBGHFm5r62Hy/smartpawn.PNG)\n\n•\t**SmartCertify**\n\nAnother application – an asset verification and certification system called SmartCerify will guarantee product’s authenticity, condition and value on the blockchain.\nThe system will work with third-party professionals from different fields and industries – the so called Certified users. They will be responsible for reviewing asset certification requests from the BizShake platform users and approve or reject adding specific product to the blockchain. If the asset authenticity is confirmed, the Certified user will issue an NFT (Non-Fungible Token) that will uniquely identify the asset owner, its origin and characteristics. \nTracking mechanisms such as NFC or RFID will be applied to the product to guarantee it is returned to its owner once the renting/pawning contact expires.\n\n•\t**SmartIdentify**\n\nUser experience, trust and security will also be improved by implementing the SmartIdentify system. \n\nThis user profiling AI system will gather and store user information from multiple sources - data providers, including third-party companies partnering with BizShake. \nThe main goal is to ensure user profiles and ratings are accurate and based on verified data, confirmed by different parties. This will help reduce fraud and prevent counterfeiting. \nThe blockchain users will all have their own credit score on the system, so a user with high score can have a discount rate when renting an asset and pay lower rental fee, or will pay lower interest rate when pawning an asset since lenders opt to release the loan to credible users.\n\n**Conclusion**\n\nAs mentioned earlier this is the first installment of a two-part review for the BizShake project, so next time I will go through the SmartDispute system and the BizShake API. I will also check the team and token specifics.\n\n***Social Media:***\nWebpage: https://bizshake.io/\nTelegram: https://t.me/bizshake\nTwitter: @BizShake_ico\n\nDisclaimer: Part of the article group.\n\nFuture Blockchain\n\nFor recent updates you can follow me on Twitter - @FutureBchain or check my other my social media contact details\nMedium: https://medium.com/@futurebchain\nTwitter: https://twitter.com/FutureBchain\nTelegram: t.me/Future_blockchain\nFacebook: https://www.facebook.com/cryptofuturenews/\nSteemit: https://steemit.com/@tst643\nYou can also follow me on http://blockdelta.io where I’m a regular blogger.",
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      "permlink": "re-tst643-crypto-market-highlights-and-btc-eth-september-2nd-20180902t181246362z",
      "title": "",
      "body": "**Coins mentioned in post:**\n\nCoin | | Price (USD) | 📉 24h | 📈 7d\n- | - | - | - | -\n**BTC** | Bitcoin | 7280.369$ | _1.27%_ | _8.45%_\n**ETH** | Ethereum | 295.303$ | _-0.68%_ | _7.28%_\n**LTC** | Litecoin | 65.286$ | _-1.13%_ | _14.08%_\n**XRP** | XRP | 0.343$ | _-1.81%_ | _5.83%_",
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      "parent_permlink": "btc",
      "author": "tst643",
      "permlink": "crypto-market-highlights-and-btc-eth-september-2nd",
      "title": "Crypto market highlights and BTC, ETH - September 2nd",
      "body": "***by Future Blockchain***\n\nFor recent updates you can follow me on Twitter - @FutureBchain or check my Blockdelta profile for my social media contact details\n\n**BTC/USD**\n\nBitcoin closed the day with a red candle on Wednesday, just above the 7k mark. The biggest cryptocurrency could not recover and dropped to $6800 during the intraday trading session on Thursday before going back up to the 7k zone. \nThe news that Yahoo Finance will be integrating support for trading Bitcoin (BTC), Litecoin (LTC), and Ether (ETH) on their iOS platform did not trigger the desired short-term bull run possibly due to the fact the current Yahoo platform is far from being among the most popular trading tools. Additionally, there were rumors (unconfirmed) mid-week that NASDAQ is still looking to list several coins in 2019 depending on how they will be classified from a regulatory standpoint.\nThe BTC trading volume remained below 4b during weekdays which compared to previous runs towards 9k and higher, where we had volume of 5b and above, can be considered weak.\nWe did not see any rapid price changes on Friday when most of the cryptocurrencies were consolidating their higher lows. BTC traders started exiting their positions around 7k and by doing this confirmed this very strong mid-term selling area. The RSI indicator on 4H charts recovered immensely following the latest upside correction, inside a buying sentiment area.\nOn Saturday BTC/USD pair registered its biggest one-day jump since Monday and closed the day with a solid gain of $200, at $7200, suggesting mid-term target is the psychosocial level of 8k.\nFundstrat’s Tom Lee predicted that stability is required in a major trend reversal and if Bitcoin can continue to sustain stability in the weeks to come, a major mid-term rally is possible by the end of 2018.\nBTC/USD currently sits at $7267, 8% up for the week, with a significantly increased trading volume of $7,2b as per Goingecko.\n\nThe pair remained in the mid-$6,000 (6200 -6500 to be more specific) corridor long enough and stay above 7k and 7100/200 will require higher volume and trading activity to trigger mid-term recovery.\nExpected support around $6800 region although a drop to $6600 region is possible. I think, however, that we escaped that zone and we won’t see any dramatic corrections. Bulls need to turn 7k into a support line to accumulate enough power for an attack of $7300-400. If the $7,100 price holds for one or two weeks, the bulls will return and $10,000 is a likely possibility for EOY. \n![btc02.PNG](https://cdn.steemitimages.com/DQmWUskHYF9TBdD1mYq548DNJvFKEJetZyo5cTp6YG4h1ZH/btc02.PNG)\n\n**ETH/USD**\n\nEthereum almost touched the magical $300 mark on Wednesday before dropping back to $283 on Thursday. The most popular altcoin lacked the trading volume increase to fuel short-term recovery and wend down even more on Friday, almost reaching the support at $270 and the dangerous zone between $270-$250.\nBusiness insider report on Friday that CBOE Global Markets, the owner of the Chicago Board Options Exchange (CBOE) and one of the world's largest exchange holding companies, is looking to launch futures for Ethereum by the end of 2018 (ETH). The futures and options exchange is waiting on the Commodities Futures Trading Commission (CFTC) to give the project the go-ahead before its official launch. The market reacted immediately and ETH/USD pair jumped $21 on Saturday, breaching the $300 resistance line and closing the day at $296.\nOr maybe the price is a direct result of the news that Ethereum developers agreed to delay difficulty bomb and reduce block reward by 33%? Ethereum developers, agreed to implement the EIP-1234 — an updated version of Ethereum’s improvement upgrade designed to, among other things, reduce the amount of new ether produced to 2 ETH per block w from the current 3 ETH per block and include the code for such a change into Ethereum’s next hard fork, Constantinople.\nThe good news here, however, are not the technical aspects themselves, but the fact Ethereum developer community is united and still very, very active.\nETH currently stands at $294, up with 7% for the week and with a 24-hour trading volume of $2,5b. After a volatile week, the top altcoin came close to reclaiming the $300 price point — soaring to an intraday high of around $299.52, before dipping slightly\n\n![eth02.PNG](https://cdn.steemitimages.com/DQmYGebdJfhkCg11KaLgKxqNqQLMHBW2jxQyLXEXjnwfAvS/eth02.PNG)\n\nEthereum will most probably once again break the $300 price level, but future move upwards depends very much on how BTC behaves and what trading volume we see on ETH come Monday morning. Targets remain the same: 300, 318, 360 up and 270/250 down.\n\n**XRP/USD**\n\nXRP went down from 0.347 to 0.333 on Thursday and was trading relatively flat on Friday, closing he workweek at 0.335.\nOn Friday, the Morgan Creek Capital Management of North Carolina, a privately-owned investment management company announced it has launched a cryptocurrency investment fund (only available to accredited investors with minimum investment for $50,000) without including the world’s fourth-most valuable cryptocurrency, XRP. Reason being a large proportion of this currency is held by the Ripple management team, so it is not as decentralized as the other currencies are.\nXRP/USD followed the rest of the altcoin and BTC on Saturday and registered significant gains. The Ripple currency broke the 0.34000-0.34270 resistance and closed at 0.347.\nThe pair currently sits on 0.34200, up with 4.7% for the week. Next target is closing above 0.35. Down I still see support at 0.31 and of course 0.27\nFuture Blockchain\n\n\nMedium: https://medium.com/@futurebchain\nTwitter: https://twitter.com/FutureBchain\nTelegram: t.me/Future_blockchain\nFacebook: https://www.facebook.com/cryptofuturenews/\nSteemit: https://steemit.com/@tst643\nYou can also follow me on http://blockdelta.io where I’m a regular blogger.",
      "json_metadata": "{\"tags\":[\"btc\",\"bitcoin\",\"crypto\",\"cryptocurrencies\",\"alts\"],\"users\":[\"futurebchain\"],\"image\":[\"https://cdn.steemitimages.com/DQmWUskHYF9TBdD1mYq548DNJvFKEJetZyo5cTp6YG4h1ZH/btc02.PNG\",\"https://cdn.steemitimages.com/DQmYGebdJfhkCg11KaLgKxqNqQLMHBW2jxQyLXEXjnwfAvS/eth02.PNG\"],\"links\":[\"https://medium.com/@futurebchain\",\"https://twitter.com/FutureBchain\",\"https://www.facebook.com/cryptofuturenews/\",\"https://steemit.com/@tst643\",\"http://blockdelta.io\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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{
  "trx_id": "63e7be0db49cab3b0a3d0d79daeba86b50e2172f",
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      "parent_author": "",
      "parent_permlink": "ico",
      "author": "tst643",
      "permlink": "bithemoth-all-encompassing-crypto-exchange-platform",
      "title": "Bithemoth - all-encompassing crypto exchange platform",
      "body": "![bithemoth-logo.jpg](https://cdn.steemitimages.com/DQmZd8qFcdvfvfjYK3Tf4cVbaEfF8Tr1kDxBZbghsSe3okR/bithemoth-logo.jpg)\n\n*by Future Blockchain*\n\n\n**Overview**\n\nBlockchain took over the world by storm and became the cornerstone of modern innovation. This new technology opened a whole new universe for us to explore and use to our benefit. Cryptocurrencies were the first significant application of blockchain and their development resulted in a multi-billion industry. The newly born crypto exchanges became home to experienced traders, investors and crypto enthusiast, all wanting to play a role in this new revolution. \nThe current platforms, however, are far from perfect and suffer from multiple problems including difficulties in sign up and deposit, poor user interface, platform speed and support services and most importantly security and law regulations.\nThere is a simple and conventionally adoptive system seeking to solve all these issues.\nBithemoth is a new generation trading and investing platform that combines traditional finance with digital asset economy. This blockchain-based solution will improve on the existing FinTech space by offering both experienced investors and crypto industry beginners a user-friendly, fast and fully licensed platform.\n\n\n**Main Features**\n\nThe Bithemoth team will build a completely decentralized exchange mechanism - a trading platform (browser and mobile-based) that will allow users to perform direct payments in cryptocurrency and fiat instantly. Other key features include:\n\n![bithemoth2.PNG](https://cdn.steemitimages.com/DQmfRhyPzfFmU3fh2yucip4zRsyUvaQh85yG1Sjg3KmtSxK/bithemoth2.PNG)\n\n•\tPortfolio Management - portfolio management tools needed by users to appropriately evaluate their holdings and investments.\n- Quick view - Portfolio Distribution tool will provide users with a quick means of evaluating their current holdings.\n- In-House Portfolio Manager - will provide an overview of one’s investments and their performance based in real-time\n- Special Trading Features like specialized smart buy/sell orders and other unique trading features\n•\tEase of entry into the crypto-currency market - easy payment options where users can buy cryptocurrency using fiat-based currency.\n•\tCrypto on-the-go - user-friendly interface that would support full functionality of the exchange on a wide range of devices and platforms. The team is also developing a mobile app for both Android and iOS devices.\n•\tDedicated Crypto-Marketplace - crypto-marketplace where vendors can trade products directly for cryptocurrency through a seamless and secure means on the exchange.\n•\tEnhanced Security\n- Development of specialized hardware wallets that will offer larger memory capacities and specialized security features that are not available in the current market\n•\tDedicated call center and support systems - proper support infrastructure to help users work through any issues or technical difficulties. \n•\tCryptocurrency that is easy to use\n-\tBithemoth card to allow users to directly spend their crypto – very similar to the debit cards in the real world.\n-\tDevelopment of brick and mortar locations – physical locations that will speed up mainstream adoption and allow users to conduct their trading and utilize the platform.\n•\tUser Interface - user-friendly platform interface.\n\nOne of the main problems when it comes to crypto exchanges is how they tackle security issues and prevent potential breaches. \nBithemoth will enforce secure two factor authentication protection with FIDO U2F support for client certificates. They will also utilize active storage and cold storage for client funds instead of software multi-set wallets (temporary receive wallets will be used for deposits before funds are moved to cold storage location) to guarantee data inviolability.\nThe decentralized exchange platform will be able to mitigate DDoS attacks of all forms and sizes using the CloudFlare’s advanced DDoS protection.\n\n**ICO Incubator**\n\nOne of the key components of the Bithemoth ecosystem is the ICO projects incubator. The main idea is to give blockchain start-ups a stable platform to fund, launch and eventually grow their business on. This will help new projects find necessary support and visibility during the early stages of their life. On the other hand, exchange users will benefit from early access to newly issued tokens and the potential investment opportunity. Token sale proposals will be reviewed by a team of senior engineers at Bithemoth and if approved – granted with an access to Bithemoth's complete ICO incubator system and a dedicated support team. The ICO incubator will support smart contracts on the NEO, NEM and Ethereum blockchains.\n\n**Tokenomics**\n\nThe Bithemoth Coin (BHM) is an ERC-20 token with max supply of 200 million. Users can pay all types of fees on the platform, including exchange fees, withdrawal fees and listing fees, using BHMs.\nAll executed orders on platform will be charged with a commission beginning with a maximum of 0.10%. Users with more than 100 BHMs in their exchange wallets will benefit from free trades for a limited period time. After this period expires, holders of BHM can use it to pay for trading fees at a discount of 50%. \n15 000 000 tokens will be distributed during Pre-sale rounds and 90 000 000 during the ICO with the rest allocated as shown here:\n\n![bithemoth sale.PNG](https://cdn.steemitimages.com/DQmQisqVdZX6dT5dyUZBShUFB2oQE1h7QsSULJcxqNUgrJT/bithemoth%20sale.PNG)\n\n**Conclusion**\n\nThe Bithemoth project is aiming to solve many of the problems crypto exchanges currently have by improving accessibility, usability and security for both experienced investors and beginners and by building an all-encompassing platform of new generation. The ICO Incubator initiative is a fresh idea that will benefit both blockchain start-ups and platform users and has the potential to establish Bithemoth as the market leader in terms of innovation and development.  \n\n***Social media:***\n\nWebsite: https://bithemoth.com/\nTwitter: https://twitter.com/bithemoth \nTelegram: https://t.me/bithemoth\n\n**Disclaimer: Part of the article group**\n\n***Future Blockchain***\n\nFor recent updates you can follow me on Twitter - @FutureBchain or check my other my social media contact details\n\nMedium: https://medium.com/@futurebchain\nTwitter: https://twitter.com/FutureBchain\nTelegram: t.me/Future_blockchain\nFacebook: https://www.facebook.com/cryptofuturenews/\nSteemit: https://steemit.com/@tst643\nYou can also follow me on http://blockdelta.io where I’m a regular blogger.",
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{
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      "parent_permlink": "bitcoin",
      "author": "tst643",
      "permlink": "crypto-market-highlights-and-btc-eth-price-analysis-august-29th",
      "title": "Crypto market highlights and BTC, ETH price analysis – August 29th",
      "body": "**By Future Blockchain**\n\n***BTC/USD***\n\nBitcoin closed the previous week at $6778, successfully making its escape from the almighty $6200-6600 corridor. The bulls finally made a breakthrough and continued their run on Monday touching $6900 and suggesting an attack of the psychological level of $7000.\nEven the bad news coming from China could not stop bulls from defending their newly conquered territory. Baidu, China’s leading search engine joined Alibaba and Tencent, distancing itself from cryptocurrencies amid China’s crackdown. Baidu moved to censor crypto discussions on its online forums.\nThe gains were extended on Tuesday when the BTC/USD pair reached $7100 for the first time since the beginning of the month.\nSurpassing the key resistance at 7k was crucial for the short-term recovery of Bitcoin and on August 28, the volume of BTC surpassed $4.5 billion and the volume of the crypto market recovered to $12 billion.\nOn Tuesday it was also reported that Atlas, a popular Brazilian cryptocurrency investment platform, has been hacked. Although the company claims users’ funds are safe, the personal information of over 264,000 of its customers has been leaked. This, however, did not affect price of BTC and it closed its second green day, this time above 7k.\n![btc29.png](https://cdn.steemitimages.com/DQmR3MLvHJyfe2VgNYYXgKCv5KScUM7e8tyraWtTDCCx8J3/btc29.png)\n\nToday morning both the RSI and the Stochastic indicator have entered their respective overbought areas, which could mean a potential bearish correction (possibly to $6877 or the interim support at $6632). Bounce back from that level (if the drop actually occurs) would mean another run above 7k, towards the $7100-$7200 tough resistance\nNext mid-term target will be the resistance line at $7300-$7400 range.\nAt the time of writing BTC sits at $6992 with 24-hour trading volume of $5,9b. The biggest cryptocurrency is up 8.3% since last Wednesday and 12% for last two weeks.\nThe good thing is volume continues to increase with the recovery in the volume most probably fueled by optimistic developments in Japan and South Korea, as UPbit and Bithumb, South Korea’s two largest cryptocurrency exchanges, have resumed normal operations after being involved in a few scandals.\nWhat we need currently is a third consecutive green candle and successful break (and defend) of the 7100/7200 resistance line. This will open the door for an attack of the mid 7000s and 8k.\n\n***ETH/USD***\n\nETH started the week out of the danger zone ($250-$270) and closed the day above its short-term resistance line of $280.\nThe biggest altcoin extended its gains on Tuesday almost touching the psychological level of $300 without breaking it tough. ETH is looking to take advantage of the BTC bull run and make an escape after a week range bound between $270-280.\n\n![eth29.PNG](https://cdn.steemitimages.com/DQmXXvGfeU1zsAgog4sZgGWrYqiKSYp4pbJyroFGy6fvPXT/eth29.PNG)\n\nAn even tougher resistance is waiting at $318 and this one was holding well 10 days ago when it was last tested.\nA break below $270 would mean entering the danger zone in another attempt for bears to break the September 2017 low of $250. \nEthereum now sits at $288 at the time of writing with 24-hour trading volume of $2.5b up with 2.6% since last Wednesday.\nPrice activity and low volume (also confirmed by the RSI indicator on the graph) for ETH may possibly be explained by a combination of a strong dollar and a high rate of inflation used to incentivize miner activity: annual ETH inflation currently sits at 7.2%, about two times that of Bitcoin, and provides miners with large amounts of ETH that are then market sold to cover cost.\nEthereum is the hosting blockchain for a lot of new projects and ICOs and most of them fund themselves through selling their own tokens to the public for ETH. Once the massacre started, they just dropped the bags fearing of further price decrease which of course pushed the ETH/USD price even lower.\n\nFor recent updates you can follow me on Twitter - @FutureBchain\nFuture Blockchain\nMedium: https://medium.com/@futurebchain\nTwitter: https://twitter.com/FutureBchain\nTelegram: t.me/Future_blockchain\nFacebook: https://www.facebook.com/cryptofuturenews/\nSteemit: https://steemit.com/@tst643",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"btc\",\"eth\",\"ethereum\",\"market\"],\"users\":[\"futurebchain\"],\"image\":[\"https://cdn.steemitimages.com/DQmR3MLvHJyfe2VgNYYXgKCv5KScUM7e8tyraWtTDCCx8J3/btc29.png\",\"https://cdn.steemitimages.com/DQmXXvGfeU1zsAgog4sZgGWrYqiKSYp4pbJyroFGy6fvPXT/eth29.PNG\"],\"links\":[\"https://medium.com/@futurebchain\",\"https://twitter.com/FutureBchain\",\"https://www.facebook.com/cryptofuturenews/\",\"https://steemit.com/@tst643\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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{
  "trx_id": "d72a6120355da7595b814621e3a0d53094d41b60",
  "block": 25238322,
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  "timestamp": "2018-08-20T16:53:18",
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    {
      "parent_author": "",
      "parent_permlink": "bitcoin",
      "author": "tst643",
      "permlink": "crypto-market-highlights-and-btc-eth-price-analysis-20-08",
      "title": "Crypto market highlights and BTC, ETH price analysis 20/08",
      "body": "by Future Blockchain\n\n**BTC/USD**\n\nBTC successfully crossed the $6500 resistance line on Friday and hold it for the weekend. On Monday however the price returned back to the same old $6300-$6500 corridor. It looks like bulls are not ready yet to cross the major overhead resistance that came to be $6.5k and will consolidate their strength in the above mentioned price range before attempting another attack.\nCurrent price of Bitcoin / Dollar pair is 6440 (as of 18:00 CET) with a 24h trading volume of about $5,516b as per Coingecko.\nThe biggest cryptocurrency is up 2% for the last 7 days and now has a market cap of almost $111b, which represents a market dominance of 52.2%. \nIn a scenario where $6500 is successfully crossed and defended, next stop will be $7200. If bears succeed in pushing price down once again, we can see another drop below 6k major support line and a possible drop pass last Tuesday’s low of $5853 (biggest drop since June when we saw the 2018 low of $5740).\n\n![btcusd.PNG](https://cdn.steemitimages.com/DQmUHh5zaLepT1aERGJddC5MN9YsvZc2wjLnDR9f32tPfGA/btcusd.PNG)\n\n**ETH/USD**\n\nETH price now sits at $286, almost 10% down for the week.\nEthereum reached its lowest point in 2018 last week, almost breaching the $250 mark for the first time since September, 2017, stopping at $251.\nFor now, the biggest altcoin successfully defends the November low of $280 and bears could not push it below that level for 4 consecutive days.\n\n![ethusd.PNG](https://cdn.steemitimages.com/DQmNRKjoNWHt7vRm7ZqQBFTZKKrUa2SaTeu2XHZiJEaPcQA/ethusd.PNG)\n\nIf BTC, as the market leader, can hold its ground and initiate a short-term run upwards, then I think we can expect an ETH movement above $300 and $360. Ethereum is the hosting blockchain for a lot of new projects and ICOs and the majority of them fund themselves through selling their own tokens to the public for ETH. Once the massacre started, they just dropped the bags fearing of further price decrease which of course pushed the ETH/USD price even lower.\n\n***NEWS***\n\n•\tVenezuela brings the crypto revolution to reality\n\nThe government has devalued the Bolivar in an effort to stop the country’s economy from total collapse, and pegged it to their own oil-backed Petro cryptocurrency.\nAccording to Business Insider UK and reported by https://www.financemagnates.com \n\n>“the sovereign bolivar will move in line with changes to the petro, which itself is linked to movements in oil prices.” \n\nCurrently 1 Petro coin = $60 or about 3,600 sovereign bolivars.\n\nMore here: https://www.financemagnates.com/cryptocurrency/news/venezuela-devalues-bolivar-by-95-pegs-it-to-petro-cryptocurrency/?tg=1534761231\nHere: https://www.independent.co.uk/news/world/americas/venezuela-hyperinflation-economy-nicolas-maduro-sovereign-bolivar-money-socialism-a8499241.html\nAnd here: https://www.independent.co.uk/news/venezuela-bolivar-cryptocurrency-economy-crisis-collapse-petro-bitcoin-a8499266.html\n\n•\tBitmain IPO still unclear\n\nSoftBank, the Japanese conglomerate, which is the biggest shareholder in Uber, officially denied it will be supporting the mining hardware company’s IPO.\n\nCointelegraph reports that\n\n>“Neither the SoftBank Group Corp. nor the SoftBank Vision Fund were in any way involved in the deal.”\n\nThe future listing on the Honk Kong exchange is still in doubt as many fear Bitmain is actually hiding real Q2 financial results and has registered enormous losses during that period due to dropping crypto prices.\n\nSource: https://cointelegraph.com/news/japan-finance-giant-sbi-makes-new-investment-in-lastroots-crypto-exchange-will-aid-license-acquisition\n\n•\tMongolia – the next blockchain leader ?\n\nOfficials of the Mongolian government visited Bithumb’s headquarters on August 16 to learn more about the benefits of the blockchain technology and its potential implementation in solar energy businesses in Mongolia.\n\n>“What they have focused on is the possibility of virtual currency remittance and payment functions and blockchain technology. Mongolia is seeking to utilize blockchains and virtual currency to activate new energy projects such as solar power generation at the government level.”\n\nSource: https://news.bitcoin.com/korea-mongolian-government-bithumb-btm-hardware-wallet/\n\n•\tBinance expands to Liechtenstein \n\nCrypto exchange leader Binance and LCX, successfully launched a fiat-to-crypto exchange in Liechtenstein last week. The exchange will initially support Swiss Francs (CHF) and Euros (EUR) trade against major cryptocurrencies, with more crosses set to be added in the future following regulatory approval.\nMore here: https://www.financemagnates.com/cryptocurrency/exchange/binance-lcx-launches-fiat-to-crypto-exchange-in-liechtenstein/?tg=1534675800\n\nFuture Blockchain\nMedium: https://medium.com/@futurebchain\nTwitter: https://twitter.com/FutureBchain\nTelegram: t.me/Future_blockchain\nFacebook: https://www.facebook.com/cryptofuturenews/\nSteemit: https://steemit.com/@tst643\nYou can also follow me on http://blockdelta.io where I’m a regular blogger.",
      "json_metadata": "{\"tags\":[\"bitcoin\",\"btc\",\"eth\",\"ethereum\",\"market\"],\"image\":[\"https://cdn.steemitimages.com/DQmUHh5zaLepT1aERGJddC5MN9YsvZc2wjLnDR9f32tPfGA/btcusd.PNG\",\"https://cdn.steemitimages.com/DQmNRKjoNWHt7vRm7ZqQBFTZKKrUa2SaTeu2XHZiJEaPcQA/ethusd.PNG\"],\"links\":[\"https://www.financemagnates.com\",\"https://www.financemagnates.com/cryptocurrency/news/venezuela-devalues-bolivar-by-95-pegs-it-to-petro-cryptocurrency/?tg=1534761231\",\"https://www.independent.co.uk/news/world/americas/venezuela-hyperinflation-economy-nicolas-maduro-sovereign-bolivar-money-socialism-a8499241.html\",\"https://www.independent.co.uk/news/venezuela-bolivar-cryptocurrency-economy-crisis-collapse-petro-bitcoin-a8499266.html\",\"https://cointelegraph.com/news/japan-finance-giant-sbi-makes-new-investment-in-lastroots-crypto-exchange-will-aid-license-acquisition\",\"https://news.bitcoin.com/korea-mongolian-government-bithumb-btm-hardware-wallet/\",\"https://www.financemagnates.com/cryptocurrency/exchange/binance-lcx-launches-fiat-to-crypto-exchange-in-liechtenstein/?tg=1534675800\",\"https://medium.com/@futurebchain\",\"https://twitter.com/FutureBchain\",\"https://www.facebook.com/cryptofuturenews/\",\"https://steemit.com/@tst643\",\"http://blockdelta.io\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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    {
      "parent_author": "",
      "parent_permlink": "wono",
      "author": "tst643",
      "permlink": "wono-p2p-platform-for-rentals-and-freelancin-227c3b2c76c19",
      "title": "WONO — P2P platform for rentals and freelancin",
      "body": "![image](https://img.esteem.ws/wgt2aoyjp4.jpg)\nby Future Blockchain\n\n**Overview**\n\nThe sharing economy is becoming a bigger and bigger challenge for the established market leaders in traditional industries like accomodation, transportation and hiring services thanks to its lower prices, flexibility and advanced and easy to use mobile platforms. According to the latest reports, in the coming years startup companies like Airbnb and Uber will continue to „steal” users and market share from its competitors. \n Today the blockchain technology will let us step into the next stage and fill the gaps seen in some of the most popular sharing platforms: high commissions, taxation of vendors, non-transparency of ratings and reviews, currency exchange loss and risk of fraud and deal cancellation and monopoly.\n\nLet me introduce Wono — new generation of P2P blockchain marketplace for hiring, renting and exchanging assets and services. The team behind the project is building scalable ecosystem — a bridge between real and virtual worlds that will allow users to interact without the need of a middleman. Wono is a decentralized and transparent platform based on collective decision-making by members of the community and mutual trust between them.\n\n ![image](https://img.esteem.ws/ty1hoyd5s4.jpg)\n\n**Key features**\n\nWono is offering a multi-market blockhain platform that will facilitate asset and service exchange in the following categories:\n\n· Space sharing: Combination of P2P rentals and the home-swapping concept\n\n· Transportation sharing: Turo/Getaround model where a person can hire or rent out a vehicle for any desired duration\n\n· Miscellaneous assets sharing: Hire and rent out any assets in possession (e.g., gym memberships, gadgets, instruments)\n\n· Services sharing: Combination of Freelancer/Upwork model for remote jobs and TaskRabbit for micro jobs.\n\nUnlike other sharing platforms where commissions and fees often vary and lack transparency, in Wono we have a single commission of between 1% to 5% for a single deal depending on deal type and user rating.\n\n**The WONO environment**\n\nThe three main pillars of the WONO environment are:\n\n- The WONO protocol: decentralized apps implementing the WONO business model\n\nHere we have platform users, which can execute the following roles:\n\n ![image](https://img.esteem.ws/q815543289.jpg)\n\nCustomer and vendor are well known roles in the sharing economies.\n\nThe Guarantor, as the name suggests, provides guarantee for a deal by staking his or her own tokens only and ensures that the affected party will get a compensation in the case of Arbitrage. He does not insure the asset but rather the risk of a deal cancellation. The risks of damage to assets, deal parties or third parties and their property is handled by insurance companies. The blockchain ledger, however, will allow WONO to transfer asset and client data to the corporate CRM of an insurance partner and assist with the insurance process. Insurance price for WONO users will be approximately 20–25% lower than the average.\n\nWhen a deal is canceled by one of the two parties an arbitrage process is initiated. In case of an Arbitrage, the Arbitrator is to determine which party should be fined and which one gets a compensation at the expense of the deal’s guarantee deposits.\n\nThe user, however, cannot be Arbitrator of his own deals.\n\n\nPart of the WONO Protocol are also the Proof of identity ad Reputation entities which are of great importance for the ecosystem and reduce the risk of fraud, criminal activity and unethical practices.\n\nWe have of course different types of assets and a system of asset ratings calculated as an average value of seven scales from 0 to 100. Ratings influences the size of the Deal Commission.\n\nOnce an asset is determined and both parties agree on the terms, a deal can be made. There are few types of deals on the platform:\n\nDirect deal — the Customer has enough tokens to rent an Asset from an Owner or order a service from a Vendor.\n\nTrusted deal — In short, the platform pays the tokens lacking for a Deal, using its own funds in case certain conditions are met and user has a previous deal (not yet closed) where she/he acts as a vendor. Something like borrowing your own money from the platform prior to close an old deal and receive the payment for it.\n\nBack-to-Back deal where users exchange their assets.\n\nChain of deals — sequence of multiple deals\n\n- WONO API: accelerator of the WONO Protocol\n\nThe API is a form of caching service that speeds up reading and working with the Protocol.\n\n- WONO CLIENT: official client Web application used to work with the WONO API and WONO Protocol.\n\n**Tokenomics**\n\nThe Wono token will be used for all internal payments and transactions on the platform and also for crowd insurance and crowd arbitrage.\n Maximal token supply is 79,166,667 with basic token price of $0.5 and $20 000 000 hardcap.\n\n60% (47,500,000) of the tokens will be distributed during pre-sale (two rounds in July) and ICO (3 rounds in August) and 20% will remain with the team. The rest of the WONOs will be used for bounty (3%), advisors (5%) and reserve fund (12%) which will be used as an instrument of the postponed project funding.\n\nOn August 11th Wono started another round of pre-sale with 30% bonus. The token pre-sale will last until 2nd of September. To participate, users can also chat with official Telegram bot t.me/wono_bot. Once $3 million are collected, the bonus will be cut to 25% and at $7 million pre-sale will be closed.\n\nDetailed project implementation cost calculations and different financial scenarios based on the ICO are available in the whitepaper. I won’t go into details here, but the owners plan to use between 40% and 55% of the funds for product development depending on the sale results.\n\n**Roadmap**\n\n ![image](https://img.esteem.ws/sqrulqha1e.jpg)\n\nLong-term roadmap is available on the website. It shows clearly the main direction Wono team will be taking for the next 2 years. In the short-term, they will be focusing on the services release for the market and user migration from test to ETH network.\n\n**Team**\n\nWono project is run by group of Russian entrepreneurs and tech gurus with experience in startup business development and blockchain engineering. International advisors are responsible for promoting the project in the different regions.\n CEO is Alexander Esaulov. He founded, managed and successfully sold few fitness and martial arts related startups before coming up with the idea for a new sharing platform.\n\n**Summary**\n\nThe WONO project is using all advantages of the blockchain technology to infiltrate an already disrupted market. If it can fix all the current problems of the sharing economy platforms as suggested, then it will surely attract most of the user and steal a market share. I like the “one-marketplace-for-sharing-everything” idea and I’m sure people will prefer to use a single service provider instead of maintain multiple accounts with companies that are less secure.\n\n**Social media accounts**\n\nTwitter: https://twitter.com/wonoworld\nTelegram: https://t.me/wonoworld\nWebsite: https://wono.io/\n\n**Disclaimer: Part of the Article group**\n\nFuture Blockchain\nhttps://medium.com/@futurebchain\nTwitter: https://twitter.com/FutureBchain\nTelegram: t.me/Future_blockchain\nFacebook: https://www.facebook.com/cryptofuturenews/\nSteemit: https://steemit.com/@tst643\nYou can also follow me on http://blockdelta.io",
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      "parent_permlink": "wono",
      "author": "tst643",
      "permlink": "wono-p2p-platform-for-rentals-and-freelancin-227c3b2c76c19",
      "title": "WONO — P2P platform for rentals and freelancin",
      "body": "![image](https://img.esteem.ws/wgt2aoyjp4.jpg)\nby Future Blockchain\n\n**Overview**\n\nThe sharing economy is becoming a bigger and bigger challenge for the established market leaders in traditional industries like accomodation, transportation and hiring services thanks to its lower prices, flexibility and advanced and easy to use mobile platforms. According to the latest reports, in the coming years startup companies like Airbnb and Uber will continue to „steal” users and market share from its competitors. \n Today the blockchain technology will let us step into the next stage and fill the gaps seen in some of the most popular sharing platforms: high commissions, taxation of vendors, non-transparency of ratings and reviews, currency exchange loss and risk of fraud and deal cancellation and monopoly.\n\nLet me introduce Wono — new generation of P2P blockchain marketplace for hiring, renting and exchanging assets and services. The team behind the project is building scalable ecosystem — a bridge between real and virtual worlds that will allow users to interact without the need of a middleman. Wono is a decentralized and transparent platform based on collective decision-making by members of the community and mutual trust between them.\n\n ![image](https://img.esteem.ws/ty1hoyd5s4.jpg)\n\n**Key features**\n\nWono is offering a multi-market blockhain platform that will facilitate asset and service exchange in the following categories:\n\n· Space sharing: Combination of P2P rentals and the home-swapping concept\n\n· Transportation sharing: Turo/Getaround model where a person can hire or rent out a vehicle for any desired duration\n\n· Miscellaneous assets sharing: Hire and rent out any assets in possession (e.g., gym memberships, gadgets, instruments)\n\n· Services sharing: Combination of Freelancer/Upwork model for remote jobs and TaskRabbit for micro jobs.\n\nUnlike other sharing platforms where commissions and fees often vary and lack transparency, in Wono we have a single commission of between 1% to 5% for a single deal depending on deal type and user rating.\n\n**The WONO environment**\n\nThe three main pillars of the WONO environment are:\n\n- The WONO protocol: decentralized apps implementing the WONO business model\n\nHere we have platform users, which can execute the following roles:\n\n ![image](https://img.esteem.ws/q815543289.jpg)\n\nCustomer and vendor are well known roles in the sharing economies.\n\nThe Guarantor, as the name suggests, provides guarantee for a deal by staking his or her own tokens only and ensures that the affected party will get a compensation in the case of Arbitrage. He does not insure the asset but rather the risk of a deal cancellation. The risks of damage to assets, deal parties or third parties and their property is handled by insurance companies. The blockchain ledger, however, will allow WONO to transfer asset and client data to the corporate CRM of an insurance partner and assist with the insurance process. Insurance price for WONO users will be approximately 20–25% lower than the average.\n\nWhen a deal is canceled by one of the two parties an arbitrage process is initiated. In case of an Arbitrage, the Arbitrator is to determine which party should be fined and which one gets a compensation at the expense of the deal’s guarantee deposits.\n\nThe user, however, cannot be Arbitrator of his own deals.\n\n\nPart of the WONO Protocol are also the Proof of identity ad Reputation entities which are of great importance for the ecosystem and reduce the risk of fraud, criminal activity and unethical practices.\n\nWe have of course different types of assets and a system of asset ratings calculated as an average value of seven scales from 0 to 100. Ratings influences the size of the Deal Commission.\n\nOnce an asset is determined and both parties agree on the terms, a deal can be made. There are few types of deals on the platform:\n\nDirect deal — the Customer has enough tokens to rent an Asset from an Owner or order a service from a Vendor.\n\nTrusted deal — In short, the platform pays the tokens lacking for a Deal, using its own funds in case certain conditions are met and user has a previous deal (not yet closed) where she/he acts as a vendor. Something like borrowing your own money from the platform prior to close an old deal and receive the payment for it.\n\nBack-to-Back deal where users exchange their assets.\n\nChain of deals — sequence of multiple deals\n\n- WONO API: accelerator of the WONO Protocol\n\nThe API is a form of caching service that speeds up reading and working with the Protocol.\n\n- WONO CLIENT: official client Web application used to work with the WONO API and WONO Protocol.\n\n**Tokenomics**\n\nThe Wono token will be used for all internal payments and transactions on the platform and also for crowd insurance and crowd arbitrage.\n Maximal token supply is 79,166,667 with basic token price of $0.5 and $20 000 000 hardcap.\n\n60% (47,500,000) of the tokens will be distributed during pre-sale (two rounds in July) and ICO (3 rounds in August) and 20% will remain with the team. The rest of the WONOs will be used for bounty (3%), advisors (5%) and reserve fund (12%) which will be used as an instrument of the postponed project funding.\n\nOn August 11th Wono started another round of pre-sale with 30% bonus. The token pre-sale will last until 2nd of September. To participate, users can also chat with official Telegram bot t.me/wono_bot. Once $3 million are collected, the bonus will be cut to 25% and at $7 million pre-sale will be closed.\n\nDetailed project implementation cost calculations and different financial scenarios based on the ICO are available in the whitepaper. I won’t go into details here, but the owners plan to use between 40% and 55% of the funds for product development depending on the sale results.\n\n**Roadmap**\n\n ![image](https://img.esteem.ws/sqrulqha1e.jpg)\n\nLong-term roadmap is available on the website. It shows clearly the main direction Wono team will be taking for the next 2 years. In the short-term, they will be focusing on the services release for the market and user migration from test to ETH network.\n\n**Team**\n\nWono project is run by group of Russian entrepreneurs and tech gurus with experience in startup business development and blockchain engineering. International advisors are responsible for promoting the project in the different regions.\n CEO is Alexander Esaulov. He founded, managed and successfully sold few fitness and martial arts related startups before coming up with the idea for a new sharing platform.\n\n**Summary**\n\nThe WONO project is using all advantages of the blockchain technology to infiltrate an already disrupted market. If it can fix all the current problems of the sharing economy platforms as suggested, then it will surely attract most of the user and steal a market share. I like the “one-marketplace-for-sharing-everything” idea and I’m sure people will prefer to use a single service provider instead of maintain multiple accounts with companies that are less secure.\n\n**Social media accounts**\n\nTwitter: https://twitter.com/wonoworld\nTelegram: https://t.me/wonoworld\nWebsite: https://wono.io/\n\n**Disclaimer: Part of the Article group**\n\nFuture Blockchain\nhttps://medium.com/@futurebchain\nTwitter: https://twitter.com/FutureBchain\nTelegram: t.me/Future_blockchain\nFacebook: https://www.facebook.com/cryptofuturenews/\nSteemit: https://steemit.com/@tst643\nYou can also follow me on http://blockdelta.io",
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      "permlink": "zeepin-project-review",
      "title": "Zeepin project review",
      "body": "![Zeepin_Logo_SP.png](https://cdn.steemitimages.com/DQmWXcv9x1roqvqjQJbAam1skxzhogLLsJoq6Eupd6qQ6Dg/Zeepin_Logo_SP.png)\n\nBy Future Blockchain\n\n**Overview**\n\nBlockchain technology revolutionized multiple industries thanks to its decentralized ledger and cryptographic security features. Creative industries and intellectual property protection are some of the areas which can benefit the most since the idea is the most valuable asset of an artist and the generation and exploitation of knowledge and information is the cornerstone of their work.\nZeepin is a public blockchain project for creative industries and entertainment assets. The main goal is to boost productivity, protect assets and help development of the products while giving artists the opportunity to work in a borderless, transparent and efficient ecosystem.\nZeepin chain is powered by the Galaxy Proof of Stake consensus - low-cost, DDOS resilient and high-involvement mechanism with ZPT tokens used for the industrial circulative payments, such as copyright purchase, insurance purchase and crowdfunding. ZPT has a circulating supply of 1 billion units, 50% of which have been distributed to the community via crowdfunding. There is also a second token – Gala, acting as the functional application coin used for transactions, contract deployment and execution. It is used on the entertainment applications and distributed storage processes. Gala has a total supply of 100 billion tokens with 2 billion of them already distributed to ZPT holders.\nYou can compare ZPT and Gala to NEO and GAS.\nGALA can be earned by playing the CrypoGalaxy game, or by hosting storage node on the GalaCloud.\n\nThe company allows users to manage transactions and store assets and value via their own ZeeWallet, which can also interact with the rest of the dApps in the ecosystem.\nSome of the already built dApps on Zeepin include:\n•\tZeeRights - digital IP protection and transaction\n•\tZeeCrew - form decentralized and autonomous project teams.\n•\tZeeCreate - decentralized design interconnection platform\n•\tZeeFund – crowdfunding platform\n•\tZeeSure– intellectual property assets Insurance \n•\tZeeTalent - low-cost talent recruitment service\n•\tZeeProof – proof of copyright service\nZeepin Chain’s mainnet will be available from August 31, 2018.\n\n**The GalaCloud**\n\nOne of the most successful applications of the Zeepin chain is the GalaCloud – decentralized storage network (DESnet) which offers end users distributed storage space and service. Main components of the platform are the GalaBox and GalaHub nodes. Consumers pay in Gala tokens for storage space use and the earnings are distributed to each single node as a reward for staking.\n\n![galacloud.PNG](https://cdn.steemitimages.com/DQmTJUCxnxXaRPY1xNz3W28MFi2PKKbgCRKtF9aDdiodkyF/galacloud.PNG)\n\n\tThe GalaHub – main nodes on the GalaCloud providing distributed storage services. 20% of total revenue from storage services will be distributed to GalaHub Nodes on a weekly basis.\nZeepin started GalaHub Selection process that will run from August 8 to August 25 and will require applicants to lock 400,000 ZPTs for 18 months in order to be selected as a node-manager. \n\tThe GalaBox - data node that obtains Gala rewards distributed through smart contracts by contributing hard disk space to store encrypted file strips-file shards.  They get 70% of total revenue on weekly basis.\nThe remaining 10% of the revenue are for the GalaCloud Foundation.\n\nGalaBox G1 is the mining machine for distributed encryption storage. Basically, an encrypted storage device that once acquired can join the GalaBox nodes and benefit from storage sharing services (mining through the use of a hard disk) and earn Gala. The Zeepin Foundation are distributing GalaBox units since the 8th of August through crowdfunding and they plan to issue up to 60,000 G1s in the first year. Users need to do lock-up certain amount of ZPT for 18 months to claim GalaBox G1.\n\nCrowdfunding phases:\n\n-\tEarly Bird Phase: (August 8th 14:00 UTC – August 9th 14:00 UTC): Lock-up 4999 ZPT for 18 months to receive 1 GalaBox – only available for 24 hours!\n-\tThe First Phase: (August 12th 14:00 UTC – August 15th 14:00 UTC): Lock-up 5250 ZPT for 18 months to receive 1 GalaBox.\n-\tThe Second Phase: (August 16th 14:00 UTC – August 20th 14:00 UTC): Lock-up 5500 ZPT for 18 months to receive 1 GalaBox.\n-\tThe Third Phase: (August 21st 14:00 UTC – August 25th 14:00 UTC): Lock-up 5750 ZPT for 18 months to receive 1 GalaBox.\n\n![galabox.png](https://cdn.steemitimages.com/DQmTBxea4bvRjvkQMfbyzr7szNTikYakGe4pXgY3WHwq5fs/galabox.png)\n\nYou can learn more about the crowdfunding process and progress here: https://galacloud.io/#/index/galaBox\nThis is actually a very good way to profit and earn some tokens by sharing storage space and/or maintaining the network.\n\n**CryptoGalaxy**\n\nCryptogalaxy is an entertainment platform built on the Zeepin blockchain. It is a virtual universe composed of multiple planets with different attributes and advantages. This encryption planet game will allow users to interact, trade and explore planets (even mine minerals on the planet using GalaBot) exchanging Gala tokens. \n\nFrom August 10th  to December 31st  , Zeepin will be giving away 150,000 GALA daily to users holding ZPT in the CryptoGalaxy wallet.\n![cryptogalaxy.PNG](https://cdn.steemitimages.com/DQmUoubtYcGDBQg422NU4j17FPHvXN6akXPAYTDNv6mxUbU/cryptogalaxy.PNG)\n\nYou can download the game and also find more about the project and the development here: https://cryptogalaxy.one/#/\n\n**Conclusion**\n\nA very, very interesting project with some amazing ideas. Originality flows from these guys and there are also few interesting ways to profit from the Zeeping ecosystem. Zeepin is a long term oriented project with own public chain that will be used for projects in creative industry and in blockchain gaming industry. Zeepin offers a variety of ways to lock-up (stake) ZPTs in order to get passive income rewards (GalaCloud, CryptoGalaxy).\n\nGalaCloud: https://galacloud.io\nZeepin: https://www.zeepin.io\nCryptoGalaxy tutorial: https://medium.com/@zeepin/cryptogalaxy-tutorial-guide-for-beginners-a84f72283b3\nTelegram: https://t.me/zeepin\nTwitter: https://twitter.com/ZeepinChain\nWhere to buy ZPT? (Kucoin, Lbank, gate.io, HitBTC)\n\nDisclaimer: Part of the Article Group.\nFuture Blockchain\nhttps://medium.com/@futurebchain\nTwitter: https://twitter.com/FutureBchain\nTelegram: t.me/Future_blockchain\nFacebook: https://www.facebook.com/cryptofuturenews/\nSteemit: https://steemit.com/@tst643\nYou can also follow me on http://blockdelta.io",
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      "body": "@@ -3193,9 +3193,10 @@\n g di\n-%C6%88\n+ff\n eren\n@@ -6013,16 +6013,17 @@\n  6 depar\n+t\n ments.%0A!\n",
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      "title": "InterValue – World's first practical blockchain 4.0 project",
      "body": "![intervalue-logo.png](https://cdn.steemitimages.com/DQmXfDWEJ1JLci3QZNySF6SKBrrAgyQYSrnhxNNVxjD7kYp/intervalue-logo.png)\nby Future Blockchain\n\n**Overview**\n\nThe birth of the first P2P digital currency Bitcoin marked the beginning of a new era in technology…or at least that was the idea. Blockchain – the revolutionary technology behind the most popular cryptocurrency offered decentralization, transparency and security through its distributed ledger and promised fast adoption and improvements in all aspects of life.\nTen years later blockchain has evolved, but it is still far from being officially recognized as a technological breakthrough mainly due to the lack of effective applications.\nThere are numerous problems to be solved such as low applicability, transaction congestion, high commissions, long confirmation latency, weak resistance to quantum attacks, poor anonymity in communication and transaction, incapability in crossing and merging chains, large space for storage and etc.\nThe project I’m about to review is called InterValue and it aims to optimize the blockchain infrastructure and make it better by bringing it to the next level –Blockchain 4.0. InterValue will also provide a platform for creating various distributed Apps and a solution to construct a global value-internet.\nThe first three blockchain generations gave us the distributed ledger, the smart contracts, dApps and virtual machines and even more efficient and applicable technology.\nThe next step is a blockchain-based industry ecosystem. An infrastructure that will support building industry chains and InterValue have all the tools to achieve that.\n\n\n\n\n**Key features**\n\nInterValue focuses on core technology of Blockchain infrastructure and platform and is currently developing the following features:\n\n•\tUnderlying P2P network - a novel anonymous P2P overlay network, including anonymous access method and encrypted communication protocol.\n•\tData structure – reduced storage space required by nodes thanks to the new data structure HashNet derived from DAG.\n•\tConsensus - high transaction concurrency, fast confirmation and building eco-systems for different application scenarios through the double-layer consensus mechanism of HashNet and BA-VRF consensuses.\n•\tAnti-quantum attack - reduce the threat coming from development of quantum computing by introducing Keccak-512 hash algorithm and integer lattice-based NTRUsign signature algorithm.\n•\tTransaction anonymity - zero-knowledge proof and ring signature are applied to transaction anonymity and privacy protection\n•\tSmart contracts - Moses virtual machine (MVM) that is able to access of-Blockchain data conveniently and securely, and supports issuance of third-party assets, which can be integrated into applications in terms of public, permissioned (private) or consortium (hybrid) Blockchain.\n•\tCrossing and merging chains - chain-relaying technology to solve the problems in crossing chains transaction and transparent operations among multiple chains.\n•\tEcological motivation - token allocation methods to support double-layer mining for incentives.\n•\tIndustrial application - industrial common interfaces in form of JSON-RPC, satisfying diƈerent scenarios such as circulation payment, data transmission, data search and contract invocation.\n\nI won’t go into details here, but I strongly recommend you read the whitepaper. It is extremely detailed and explanatory and will help you understand all the innovations this project offers. \n\n![intervalue2.PNG](https://cdn.steemitimages.com/DQmPyq4MsRDEtm38UVM35BbcJJgN6W6VxotcnsKYpdt5ahX/intervalue2.PNG)\n\n**Application**\nThe InterValue infrastructure offers multiple applications including anonymous communications and sharing resources like storage, bandwidth, power and also reputation. It can also be used as a platform for third-party DApp development.\nUse cases are divided in three main categories:\n\nDigital currency:\n-\tThird party asset issuance\n-\tCrowdfunding\nExtensive financial application \n-\tFinancial services - payments, financial transactions and trading, credits and more\nNon-financial applications\n\n-\tMedical Health - Digital cases, privacy protection and health management\n-\tIP copyright - Patents, copyrights and trademarks, software and asset protection\n-\tEducation - file and education certificates management, student credit\n-\tIoT - Traceability of goods, anti-counterfeiting, network security and reliability\n-\tSharing - Car rental, renting, knowledge and skills\n-\tCommunication - Social and messaging systems\n-\tSocial Administration - Proxy voting, identity authentication, file management\n-\tCharity and Public welfare - Social public welfare\n-\tEntertainment - Video and music copyright, anti-counterfeiting\n\nAdditionally, the team will be working on the cross-chain technology development with the main goal to interconnect the different blockchains and allow them to interact and exchange assets and value.\nAll of these potential applications will be facilitated by the high transaction and confirmation speed in the Hashnet consensus mechanism – more than 100 000 TPS, way more than what Ethereum, IOTA or EOS are offering.\n\n**Tokenomics**\n\nInterValue blockchain has a total supply of 10 billion INVE tokens. 60% of them will be distributed as a mining reward for DAG mining. 9% of the tokens will be sold during private sale with lock-up time of 18 months. 20% of the tokens will be released every quarter.\nThe rest will kept by the foundation (26%) or used for project development, promotion and team building.\n\n![inve distrib.PNG](https://cdn.steemitimages.com/DQmfFgwXbtVVtYzHGkafxMTvZWPKmFDRaL7tTjfRyE5uupy/inve%20distrib.PNG)\n\nIt is expected for the token to be listed on an exchange before August 31, 2018.\nThe transactions for advanced smart contract and smart contract based cross-chain transactions will be paid using atoms– a sub-INVE unit (INVE=10¹⁸Atoms).\n\n**Team**\nThe project is being developed by the InterValue Foundation, described as a non-profit organization with 6 deparments.\n![intervalue foundation.PNG](https://cdn.steemitimages.com/DQmUXPgHzyitMs4xBKux8cWyhm23EDbCq3ptgPsHbe2qFSk/intervalue%20foundation.PNG)\n\nCEO is Barton Chao, expert in P2P, cryptography, network security and blockchain, with some serious background in blockchain research and development across universities in China and experience in applying this technology in actual application scene since 2009.\nAll of the core team members are knowledgeable in blockchain, big data or cloud services, most of them with Ph.D. \nWhat surprises me is the fact that all of the consultants for this project are coming from China – no foreigners or big names recruited to promote InterValue internationally, which is a good sign and means they are not just looking to hype the coin.\n\n**Conclusion**\n\nInterValue foundation will be working to enhance anonymous privacy protection and quantum-attack resistance on their blockchain as per the roadmap.\nThey recently applied for three new blockchain patents and a number of computer software copyrights\n\n\tConsensus mechanism and working methods for an efficient blockchain with two-layer sharding.\n\tCross-chain trading system and methods based on the HashNet consensus mechanism.\n\tMulti-purpose blockchain smart contract system based on Moses virtual machine.\nInterValue already have a big following on all social media platforms. Developers are active on Github and ICO benchmarks are all giving high scores to the project and team. I really like the innovations and the cutting-edge technology they are bringing to the blockchain ecosystem. Blockhain 4.0 is really all about interconnectivity and real-world application and if things go smoothly for InterValue they will be the leaders in this new era.\n\n**Website: http://www.inve.one/index.html**\n\n**Telegram: https://t.me/intervalueofficial**\n\n**Medium: https://medium.com/intervalue**\n\n**Twitter: https://twitter.com/intervaluepro**\n\n**Reddit: https://www.reddit.com/user/intervalue/**\n\n**Disclaimer: Part of the Article group**",
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      "title": "Crypto market highlights and BTC, ETH price update August 8th",
      "body": "by Future Blockchain\n\n\n**BTC/USD**\n\nOnce again the Bitcoin ETF made the news and dragged the market down with it. As it was expected, the SEC announced in an official report on August 7th that it will delay its decision to approve or reject VanEck-SolidX Bitcoin ETF.\n\n![btusd08.PNG](https://cdn.steemitimages.com/DQmV6ADyrFPNEvnr46MFwHZ2jr3fxXBn2z7auGCvMj2m9ig/btusd08.PNG)\n\nBitcoin failed to break above $7100-$7200 level since the beginning of the week and could not reverse the trend.\nBTC /USD it down 10% and now sits at $6400, eyeing the July low of $6150. Trading volume for the past 24 hours is $7.4b, but RSI indicator definitely shows we are already in an oversold territory meaning that at least a short-term reversal of trend is possible.\nPrice will either drop down to $6200 or bulls will try to pull it back above $7k based on the declining volumes and RSI data.\n\n**ETH/USD**\n\nEthereum (ETH) is down 11% (yes – ELEVEN %) for the last 24 hours and is now flirting with the $360 critical support line. The last time we saw the biggest altcoin that low was in April. A drop below this level will be catastrophic and will open the door for a freefall, possibly triggering multiple orders.  Trading volume is slightly increasing since yesterday and is now at $2b.\n\n\n![eth.PNG](https://cdn.steemitimages.com/DQmQqzNaXpEWTc5SkZDL4cNJntsbNyxXkBHZPMatPkYdqoa/eth.PNG)\n\nTop ten currencies are all down double digits with EOS leading the pack of the damned with 20% decline. Even ETC could not keep the momentum and lost 18%. Source: Coingecko.\n\n![top10.PNG](https://cdn.steemitimages.com/DQmUPDQN7bxjojd47gECBpan87wnHN68eLCtv9m3sXEpp6u/top10.PNG)\n\n**News**\n\n•\tThe U.S. Securities and Exchange Commission (SEC) has delayed a decision on a proposed bitcoin ETF\nOnce again the Bitcoin ETF makes the news and dragged the market down. As it was expected, the SEC announced in an official report on August 7th that it will delay its decision to approve or reject VanEck-SolidX Bitcoin ETF.\n\n>Accordingly, the Commission ... designates September 30, 2018, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change.>\n\nFull announcement can be found here: https://www.scribd.com/document/385684095/34-83792\n\n•\tThe Wall street Journal came up with an “eye opening” study this Monday.\n\n>WSJ suggested that coordinated “pump and dump” schemes have seen traders inflate and crash the prices of various cryptocurrencies this year.>\n\nreported Cointelegraph.\n\nAccording to the financial newsletter, the pump and dump groups are usually organized in Telegram and/or promoted on Twitter. Such organized activities generated revenues of $825 million for the first six months of 2018 alone.\nOf course this is not a surprise to all of us who follow the market closely. Problem here is with the fact WSJ is a widely respected journal and such news push back investors even more.\n\nFull story here: https://cointelegraph.com/news/wsj-organized-crypto-trading-groups-manipulated-markets-to-make-825-million-in-2018\n\nWSJ study here: https://www.wsj.com/graphics/cryptocurrency-schemes-generate-big-coin/ \n\n•\tStarbucks denied it will accept BTC or any other digital currency as a payment method. \n\nCompany representative stated that they are working on something like a trading platform for digital currencies exchange, but will not allow spending BTC at Starbucks for the time being.\n\n>It is important to clarify that we are not accepting digital assets at Starbucks. Rather the exchange will convert digital assets like Bitcoin into US dollars, which can be used at Starbucks…At the current time, we are announcing the launch of trading and conversion of Bitcoin. However, we will continue to talk with customers and regulators as the space evolves.>\n\n•\tGoldman Sachs and Barclays Bank Have Secret Crypto Trading Desk Plans\n\nAn interesting article appeared on Finance Magnates webpage. According to sources from Bloomberg and Business Insider, the two investment giants are working on custodial service for cryptocurrency investment funds. This report is in contradiction with the latest statement from Goldman Sachs that digital money will never see such highs ever again and bitcoin is not coming back to its glory days.\n\nhttps://www.financemagnates.com/cryptocurrency/news/goldman-sachs-and-barclays-bank-have-secret-crypto-plans/\n\n•\t“The Amazon” of cryptocurrency mining listed on the London Stock Exchange\n\nThe cryptocurrency mining company Argo Blockchain became the first crypto company to be listed on the London Stock Exchange, raising more than £25 million.\n\n>Argo lets customers mine Ethereum, Ethereum Classic, Bitcoin Gold, and ZCash with its own mining equipment. They pay a monthly fee and get rewards in proportion to the money they put in>\nMore here: https://www.financemagnates.com/cryptocurrency/news/first-cryptocurrency-ipo-on-london-stock-exchange-raises-25-million/\n\n•\tETC is now officially on Coinbase Pro.\n\nSince yesterday, August 7th, Ethereum Classic coin is available for trading on Coinbase Pro platform. According to official sources, it will be added to Coinbase.com when sufficient liquidity is established- probably in the next few weeks.\n\nThe launch will go through four stages – transfer-only, post-only, limit-only and full trading before traders are able to enjoy the full functionalities of the platform.\nETC is now the 8th biggest cryptocurrency with market cap of $1,662b, successfully overtaking Monero and Stellar. Its price reached $19.4 on Tuesday – the highest point since mid-May, before dropping back to $16.1 on Wednesday.\n![etc1.PNG](https://cdn.steemitimages.com/DQmd4bW8Hmcrn3Kwb5t81M13eHm5Si8vAuLMYsKsgiuq1be/etc1.PNG)\nOfficial report here: https://blog.coinbase.com/ethereum-classic-etc-is-now-launching-on-coinbase-pro-2c4fb1519b4d\n\nAdditionally, Coinbase lifted the daily purchase limits to $25,000 for US citizens. The company will also allow instant trading once bank transfers is made instead of keeping its customers waiting for five days for the funds to settle. \n\n\n•\tWhat is a Bitcoin ETF?\n\nCryptocompare published a short overview of what an ETF is in general and what benefits it will bring to us crypto fanatics if approved for bitcoin later this year.\nhttps://www.cryptocompare.com/coins/guides/what-is-a-bitcoin-etf/\n\nFuture Blockchain\nhttps://medium.com/@futurebchain\nTwitter: https://twitter.com/FutureBchain\nTelegram: t.me/Future_blockchain\nFacebook: https://www.facebook.com/cryptofuturenews/\nSteemit: https://steemit.com/@tst643\nYou can also follow me on http://blockdelta.io",
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      "permlink": "do-we-really-think-the-current-valuation-method-is-the-most-appropriate-one-for-crypto",
      "title": "Do we really think the current valuation method is the most appropriate one for crypto ?",
      "body": "Ok, so global #crypto market cap graph looks just like the one for the #NASDAQ #dotcom bubble…but…NASDAQ came back with vengeance after the bubble burst early ‘00s\n\nHere is the Crypto market cap graph for the past 2 years\n![btc bubble.PNG](https://cdn.steemitimages.com/DQmcok8t5qVuKZ9FufDf5xozmyqyy9ey3D2S8gBjzP8hVXj/btc%20bubble.PNG)\n\nHere is the Dot com bubble for the ten year period between 1994-2004\n\n![dotcom bubble.PNG](https://cdn.steemitimages.com/DQmcqgCurC5cwVDmxMNRTUvUcoe43wPSxXEaT47ziLKusNT/dotcom%20bubble.PNG)\nI mean, history didn’t stop when the NASDAQ crashed…and it won’t stop now when BTC is still under heavy fire (60% of its value gone since the ATH).\n\nActually it took approximately 6 years for the tech index to start recovering and it did it even though we were hammered by the global financial crisis...\nIn the 8 year period between 1996-2003 the NASDAQ boomed and crashed\n\n![nasdaq.PNG](https://cdn.steemitimages.com/DQmaswNMBT5K88SHFR1eVAELgT6C1hr7huzv64vSPAGPBXD/nasdaq.PNG)\n#Crypto initiated its march upwards in May 2017. The problem here is we still don’t know where the bottom is…\nLet’s assume we find the bottom in November this year and #BTC hits $2000. Its cycle will still be 5 times faster than the DotCom’s rollercoaster.\n\nDoes it mean crypto will recover 5 times faster and it will take a little more than a year to register new highs?\n\nCrypto is not linked to blockchain the same way Dot com was to the Internet. Blockchain can survive without crypto as it offers much more than decentralized financial system and payments.\n\nWe currently measure crypto by the value of all the cryptocurrencies in circulation, not the blockchain technology adoption.\n\n#NASDAQ value is a the calculated value of its components, but again who could tell back then which companies were really adopting the Internet and which were just riding the wave….\n\nMy idea is, do we really think the current valuation method is the most appropriate one for crypto ?\n\nFuture Blockchain\n\nhttps://medium.com/@futurebchain\n\nTwitter: https://twitter.com/FutureBchain\n\nTelegram: t.me/Future_blockchain\n\nFacebook: https://www.facebook.com/cryptofuturenews/\n\nSteemit: https://steemit.com/@tst643\n\nYou can also follow me on http://blockdelta.io",
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      "body": "**Coins mentioned in post:**\n\nCoin | | Price (USD) | 📈 24h | 📉 7d\n- | - | - | - | -\n**BTC** | Bitcoin | 7043.012$ | _0.33%_ | _-14.08%_\n**ETH** | Ethereum | 407.810$ | _0.37%_ | _-12.39%_",
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