The evolution of the blockchain and crypto technologies has changed the natural order of financial transactions and apply them in different industries where nobody had ever thought of using such technologies before.
Cryptocurrencies have been once doubted and questioned, but now has become a genuine interest and being utilized to different business type globally, especially eCommerce, online betting and casino, banking sectors, and other markets.
With the emergence of cryptocurrencies, it started a logical requirement for a processing tool that can make the transactions fast and reliable. People these days know of fiat payment services and used them in everyday life. But, how can users accept and transfer crypto payments?
What is a Crypto Payment Gateway?
Crypto Payment Gateways will allow individuals and businesses to accept cryptocurrency. The processing system for cryptocurrency payments is a universal software solution which is built for secure and fast transactions, deposits and withdrawals of funds and for processing any settlements in cryptocurrencies online.
Factors to consider when choosing the right crypto payment processor:
- Study available solutions on the market and create a list of companies-providers.
- Check the functionality of each Crypto Processor, specifically the performance, security, availability, list of supported coins.
- Verify through the case studies of the companies that already use Crypto Payment Gateway and for how long.
- Review clients’ feedback.
- Collect full information about commercial terms and conditions and create a comparison of competitive providers.
Top 3 Crypto Processing Companies Today
CoinsPaid products are Cryptocurrency Processing and Personal Wallet with a built-in exchange. They have an instant transaction conﬁrmation for popular currencies with a coverage of more than 50 cryptocurrencies and has a transparent pricing and operations system. They also feature an instant exchange to ﬁat that allows CoinsPaid users to exchange the cryptocurrency paid by the customer to the ﬁat currency chosen by the seller immediately.
The company also has a 24/7 security team actively monitoring clients for any assistance. They also have an eﬀective loyalty program and proven reliability since 2014 as a part of Merkeleon solution.
BitPay is a leading Bitcoin payment processor since the early days of Bitcoin in 2011. It is considered the most common method for merchants to accept bitcoin (BTC), bitcoin cash (BCH) and other cryptocurrencies. Its system is fast, simple, and acquires a little risk of volatility for merchants as Bitpay will manage settlement and automatically convert the crypto into fiat.
With the BitPay app, users can receive Bitcoin as payment for more than 40 integrations on popular e-commerce platforms and point-of-sale systems and can convert it into eight fiat currencies for bank deposits in 38 different countries.
Coinbase is considered as one of the world’s biggest Bitcoin exchanges. Aside from trading Bitcoin on Coinbase, users can also accept Bitcoin payments for business. It has a merchant app for businesses to begin accepting Bitcoin where users can accept payments in Bitcoin and instantly change it into fiat to avoid price volatility.
There is a variation of options for both offline and online businesses to start accepting Bitcoin via Coinbase merchant solutions.
Alterdice announces its first Initial Exchange Offering (IEO) with XR Web, a decentralized Protocol for XR (Extended Reality) apps built for the Internet of the 3D Physical World. The IEO is held on Alterdice.com IEO launchpad.
IEO is a way to crowdfund and launch a cryptocurrency that enables exchange users to purchase project tokens at a special price directly on the platform and then trade project tokens on the same platform when the project is listed. And now Alterdice community members can participate in exclusive IEO campaigns and support amazing blockchain projects like today, the XR Web.
XR WEB project token (ticker XR) can be used to:
1) Access XR dapps
2) Stake on XR Web by geo-locations
When users stake on XR Web, XR holders earn Daily Rewards in XR token share from activities on the XR Web
XR Web is building the central infrastructure and SDK upon which different dapps can be developed that includes XR Gaming, Social Media, Real estate, Advertising, Ridesharing, Home-sharing, Retail insurance, etc.
1. IEO price for Round 1: USD 0.075 (Original ICO token price USD 0.15) Alterdice users get 50% discount
2. Hard cap for round 1: 1,500,000 XR tokens (USD 112,500)
3. Start Date/Time 09.07.2019 12.00PM GMT
4. End Date/Time 12.07.2019 12.00AM GMT
5. Min contribution per person 1500 XR tokens
Alterdice is known as a digital trading platform that supports buying and selling of cryptocurrencies. The platform functions like any other cryptocurrency exchange platform in terms of exchange transactions.
Users earn profits by purchasing cheaper and selling more expensive, comparable to investing in fiat currency. Primarily, Alterdice uses the same principle of establishing trading targets as used in the forex or securities market.
Alterdice platform understands that cryptocurrency trading will develop the effectiveness of economic transactions throughout the global economy. The project concentrates on refining and enhancing its customer service.
The platform encompasses the following elements that direct participants in crypto trading.
– Orders for sale and purchase
– History of transactions
– Trading volume held on the exchange
About XR Web:
XR Web, previously known as GofindXR, is a decentralized extended reality (XR) platform and the virtual world above the real world powered by the Ethereum blockchain and InterPlanetary File System (IPFS). In comparison to other digital worlds based on virtual reality (VR), digital content is placed on top of the real environment in AR, utilizing a smartphone or smart glasses.
This project has its economy and virtual currency called the XR Token. It is used to register land and secure transactions on the XR Web. Several applications that include social media, games, and shopping can be produced on this new XR Land as it the new 3D Internet. Utilizing the XR tokens, investors and users can stake them to specific geographical locations and get a revenue share from ads or transactions in the applications from transaction prices and applications.
The cryptocurrency market continues to advance actively. In the past few years, a large number of platforms for trading digital assets have emerged on the market more over 200. Because of this, it is challenging for novice traders to determine the right exchange. Choosing the right exchange is a very hard decision, mainly because over the past year, more than $1 billion was stolen from cryptocurrency exchanges. Consequently, in order to safe assets, it is imperative to be careful when choosing a trading platform. P2PB2B cryptocurrency exchange will prove its difference in terms of reliability and security.
What is P2PB2B?
P2PB2B is an Estonian cryptocurrency exchange established in 2014 and has quickly become popular around the world. The platform is known for integrating state-of-the-art features and tools that make trading more accessible, secure, and profitable. It holds most of the digital currencies and fiat currencies in the market today, such as Bitcoin, Ethereum, and USD.
What causes this platform more appealing is the absence of trading charges and the fact that it has got a free listing of any business application’s API. Apart from being an exchange platform, P2PB2B is also famous as a platform where the Initial Exchange Offering (IEO) of multiple ICO projects are listed. Users can easily apply to register their projects by filling the application form on their official website.
How P2pb2b work?
Users to begin trading are needed to register an account by providing their email address and password. After completion of the filing process, users can start trading by renewing their account utilizing Bitcoin, Ethereum, US Dollar, Binance CoinBitcoin Cash, Dogecoin, and other applicable currencies.
The deposit fee relies on the currency used for trading. Furthermore, the trading pair that is chosen by the user also defines the maximum and minimum trading limit. Orders can be performed on the P2PB2B website where they can pick the cryptocurrency in the “Market” tab of the requisite coin. It redirects the account owner to a page where they can see how to sell and purchase the cryptocurrency.
The platform also has a referral program that users can utilize to earn extra income. Once users invite new account registrant on the platform, they will get commission depending on the cryptocurrency their referral applies to trade on the platform. The commission is given to the user once every month.
P2PB2B Main Highlights
Every single second in the cryptocurrency market is critical and any obstructions or lags can result in traders causing substantial losses. But, the P2PB2B crypto exchange platform is created in such a system that it can manage up to 10,000 trades each second and of 1,000,000 TCP connections.
Exceptional And Intuitive Interface
To guarantee that all can trade on the platform despite their technical knowledge in the crypto market, P2PB2B applies the Single Page Application, where only the important the components of the website are presented. Additional contents can be loaded when needed.
P2PB2B funds are mostly stored in offline cold wallets that are shielded from online hacks or malicious intrusions that might end in users missing their funds or data to third parties. Also, P2PB2B uses the WAF (Web Application Firewall) that serves as an extra layer of security that recognizes malicious attacks and blocks them before they occur.
Excellent Customer Support
Several users recommend the platform because of its responsive and accommodating customer support. It is accessible on a 24/7 basis without holidays and breaks. The platform’s customers can reach the assistants via email and get the answer to their queries in a few minutes. P2PB2B team does its best to assist customers in resolving their problems and retains enhancing the service.
At the time, P2PB2B customer support is offering services in seven languages: English, Chinese (Mandarin), Japanese, Russian, Indonesian, Spanish, and German.
P2PB2B Official Social Media Pages
Metronome is a blockchain based platform that intends to become the very first platform that allows anyone to transfer cryptocurrency across different blockchains. By making this happen, Metronome aims to overcome price volatility on the cryptocurrency market. It will also stop the isolation of different blockchains. Metronome also aims to increase transaction speed in a much affordable manner. They are building their strategy basing on self-governance, reliability and portability.
Unfortunately the project’s whitepaper does not contain enough technical details about how the project will be implemented, and looks more like a list of new features than a roadmap. They are not really building a blockchain, but planning to launch on Ethereum, Ethereum Classic, Rootstock, and Qtum. A Metronome token called MTN is Ethereum compliant.
How Does Metronome Work?
Metronome is being developed with three main goals in mind. They are self governance, reliability and portability.
Surprisingly, the MTN tokens will be under the management of a community comprised of users from all around the world. The community which manages MTN tokens will be managed by autonomous smart contracts. This helps in the total elimination of intermediataries. There will be no middlemen either within the system or in the MTN marketplace. Metronome is promising a revolutionizing concept called; “zero founder control after initial launch and public access.”
The main aim over which Metronome was built was, to provide rapid market price discovery so that market predictability and the MTN token supply over time will be of top priority and paramount importance. The issuance of MTN tokens is immutable, similar to other crypto currencies. However, there is no fixed total supply of MTN tokens. New tokens are minted daily at a fixed, known rate. This aims to provide stable, predictable mining ad infinitum.
Metronome is cross block chain compatible. This feat was made possible with the use of a proof of exit receipt. With the help of metronome, users leave one block chain, and then enter another. The end result is that users will be able to choose the block chain that is tailored for their specific needs for governance or security. Or, they can even upgrade the MTN contract if necessary.
One of the unique things about Metronome is that the development team hasn’t released a whitepaper: they’ve released an “owner’s manual.” Since users are in full control of the currency after launch, they can read the owner’s manual to understand the value of the token.
Other key feature of Metronome is that they have ensured payment settling from fifteen seconds to thirty seconds and also mass payment support. Mass payment support allowing multiple payments to be sent in one batch), and subscriptions (allowing for recurring payments between users.
The MTN token will first be issued on the Ethereum network. So initially, Metronome will only be compatible across one blockchain. In the future, however, Metronome will support Ethereum Classic, Rootstock on Bitcoin, and Qtum. The initial token supply is set at ten million MTN tokens, with eighty percent distributed via reverse auction. Unlike other tokens, the supply is not fixed or limited.
The initial price is set at 2 ETH, and the price will decrease very slowly for a week. Then new tokens will be issued indefinitely on a daily basis at a rate of around two thousand eight hundred and eighty MTN. This way of distribution has already been criticized by some users for possible token inflation.
The mass pay feature and subscriptions will also be used. A descending price auctions, or Dutch auctions, see the price of a token drop over time. The price begins at a high initial price, then that price drops over time.The tokens are ERC20 and ERC223-compliant tokens. One hundred percent of proceeds from the initial auction will go to the MTN smart contract.
Metronome has Jeff Garzik as its co founder. He is also the Chief Executive officer at Metronome as well as the Chief Designer at metronome. He is also the co-founder of Bloq, a blockchain firm that develops software and previously worked with BitPay. Matthew Roszak is the Chairman and also one of the Co Founder of Metronome. Roszak is the co-founder of Bloq as well and a big name in the blockchain industry.Peter Vessenes is the Chief Cryptographer of the metronome.
The success of the Metronome investor depends heavily on the price at which the fund is collected. This ICO is being pumped by the usual suspects on you tube and blogs, which will probably make the tokens sell out fast and at an expensive price. Metronome has some of these ingredients but not all of them, time will if this project will be a success. But there is cutthroat competition in this field. But with the team, the investors and the advisers that Metronome has, it is a force to be reckoned with and has a really bright future. Anyone interested in investing should make a profound asn deep research before investing.
Earth has been very generous to us. However, people have ruined half of the globe’s green resources. This is not sustainable. The world is our responsibility; it should not be passed to next generation and hange should start on our self.
Introduction to SunContract
It is created to disrupt energy sectors with innovative business ideal, powered by the technology of this groundbreaking blockchain. With this mechanism, middlemen are of no use. This will serve as a reliable infrastructure. Every transaction here is a peer to peer reviewable. It can straightly connect the consumer and the energy producing company in to a pool of electricity using smart contract as basis. It is the newest, thrilling and better method to a P2P trading of electricity. SunContract is a platform supporting the community of a self-sufficient energy. With the creation of peer to peer and renewable energy ecosystem, this platform aims on contributing to a larger independence in terms of energy.
It is a platform for energy trade that utilizes blockchain in creating new disruptive model to trade electricity. It is a project that can connect 3 areas with massive potentials. These three fields are the people, the electricity and the blockchain. The quality of man’s lives depends on the progress and growth of each particular area. They all play a big role in the world. If they will join altogether, they can produce a disruptive and new approach of trading energy. Surely, they can change the world into an improved and happier place of man’s living.
To support full sustainability, it is a must for everyone to support the SunContract as well. The platform connects the people producing the energy and the people consuming it with a common welfare. Both parties aim of saving money and resources. Their common goal is to make a smarter and cleaner tomorrow.
Electricity belongs to the list of keystones for the new society to work properly. Finance, household, communication, hospitals, road infrastructure, and most industry today depend greatly on the power of electricity. The current market for renewable energy is rising swiftly because of the increasing demands for energy. Another reason why market increases fast is that, people are now more aware on the possible effect of climate change. This subsequently unlocks new yet remarkable opportunities. According to the research study of Bloomberg New Energy Finance, in year 2040, more than half of the overall energy sector investment will prefer renewable. On that time, the entire worldwide investment will become $11.4 trillion. The $7.8 trillion from it will be for renewable energy while the $3.2 trillion will be for fossil fuel energies. It indicates a substantial upsurge of investment on the sector of renewable energy, particularly on solar and wind power energy. Both are amounting to more than sixty five percent of the overall renewable investment. The present status of energy in the market faces some difficulties in power station on centralized and conventional form. Here, they usually demand for high costs in transmitting energy across long distance.
The current model and infrastructure for electricity model will find a hard time coping with the growing demand for energy. Statistically, electricity demand is said to double (more than double actually) on year 2050. The planet needs to change now its existing model, from centralize energy production to a decentralize one. For years now, there have been some exerted efforts to achieve the sustainable and renewable energy system.
The SunContract Tokens – SNC
Those who participated on SunContract token sale can get the project’s very own SNC tokens. Ethereum was the only digital currency that they accepted during the sale. Therefore, they fixed the SNC price for the accumulated Ether. The distribution of the SNC was based on the ratio of ten thousand SNC in every one ETH. It means, the token that a participant may get will depend on the timing.
The Bounty Scheme
The token shares a bounty participant can get will be based on what they contributed. Bigger rewards are expected to participants with bigger efforts. The more they promote SunContract, the more rewards they will receive.
SunContract distributes the bounty for participant who uses any of these methods. They can participate on the signature campaign at Bitcointalk.org. Participants may follow and promote the Twitter account of SunContract. Moreover, bounty is given to those individual who publish and post blogs about this project. Also, you can get rewards through topic translating.
The Early Bird Bonus
To recognize those early SunContract participants, rewards are set to them. The earlier they participate, the bigger their bonus will be. They provided a schedule for token issuance. On the pre-sale, 1 ETH is for 11,600 SNC. On the first week, 11,500 SNC is for 1 Ethereum and 11,000 SNC for the second week. On the week three, SNC will be 10,500 and SNC will be 10,000 for the week four. The amount of 1 SNC was determined according to the fund amount raised during the token sale. Just right after the token sale, SNC is available on market exchanges. Here, the SNC price will be based on market status.
The SunContract issues several SNC covering all gathered Ethereum on token sale. The capitalization is set to hundred thousand Ethereum. The amount of SNC represents the basis for additional coin issuance for referral, bounty and team member. The 20% from the total SNC counts are allotted to all advisor, developer, bounty and sale execution expenses. The remaining major part (80%) is exclusively for token sale participants. SunContract offers an increase to the token amounts by means of the Referral and Bounty strategies. When distribution of tokens is completed, SunContract will not create new more SNC tokens.
The funds collected on the coin sale will be used on designated areas of allocation. Half of the funds is used to develop the company. The 25% will be for sales or marketing and 15% will be for SunContract operations. The remaining part will be for legal purposes. Funds could be very useful in the future.
The evolution of money has become a certainty, and it is only a matter of days when a decentralized universal world currency will eventually become a possibility. This realization happens because of the increasing interest and popularization of cryptocurrency that started with Bitcoin in 2009. But yet, it is too soon to accept the full adoption of cryptocurrency as an alternative to fiat due to some significant flaws such as high volatility, the absence of a regulatory framework for financial reporting, and the complexity of integration for business.
That is why, CoinsPaid aims to solve the issues and create a perfect crypto payment processor for business and a convenient cryptocurrency wallet for users. They intend to link cryptocurrency and fiat markets, emphasizing security, reliability, and speed of processes.
What is CoinsPaid?
CoinsPaid is recognized as an internal processing tool of Merkeleon that has been offering cryptocurrency payment services for businesses since 2014 and entered the market as a separate brand in 2018. Its ecosystem has been developed by Merkeleon that is one of the leaders in the development of turnkey solution for cryptocurrency exchanges, where CoinsPaid Processing is one of the key elements.
CoinsPaid crypto payment gateway enables companies to conduct their business internationally, reduce costs, and access new industries. The CoinsPaid team is also preparing to launch its Cryptocurrency Wallet, which has the potential to attract over 3 million users from merchant partners customers of payment companies, afﬁliates, and software providers in the iGaming industry.
CoinsPaid solution now supports more than 50 cryptocurrencies, and this list is continually growing, which allows users to choose crypto assets, diversify their portfolio, and handle risks.
Main Highlights of CoinsPaid
• Coverage of more than 50 cryptocurrencies, including the popular stablecoins.
• Competitive pricing.
• An annual security audit by an independent company.
• 24/7 support.
• Instant transaction confirmation for popular currencies.
• An effective loyalty program.
• Blockchain-based risk assessment.
• Proven reliability since 2014 as a part of Merkeleon solution.
Advantages of Wallet and Processing
CoinsPaid Wallet with built-in exchange feature allows users to buy/sell/get/send cryptocurrency. Its functionality is easy to work and has a 0% transaction fee within the ecosystem.
The processing, on the other hand, is made easy and has quick API integration. It has a well-proven business solution with extended financial reporting and diversified access level for clients, built-in instant exchange, automatic Payouts. Soon more functions will be available: invoicing system, recurring payments, and custodian services.
Features of CoinsPaid Products
CoinsPaid provides its customers with the chance to buy and sell cryptocurrency. With the aid of their built-in integration with leading liquidity providers, their service can offer the most favorable exchange rate for a considerable number of cryptocurrencies. At the same time, CoinsPaid is not a marketplace where users can exchange with each other but is counterparty and guarantor of each trade transaction.
Crypto wallets management
The service utilizes a separate storage system designed according to high safety standards. CoinsPaid issues cryptocurrency assets among three types of wallets:
• CoinsPaid hot wallet;
• External wallets of users;
• CoinsPaid cold storage.
CoinsPaid functionality enables users to verify transactions in the major cryptocurrencies like BTC, BCH, and ETH before they are held in the blockchain. This option allows for instant funds transfer, which eliminates high expectations in mempool and is hugely valued by both the business and their customers.
CoinsPaid permits any client to deposit or withdraw funds in ﬁat to their own wallets. The team aims to optimize the ﬁnancial foundation, which will allow users to link the cryptocurrency and ﬁat world. Their introductory agreements with several leading suppliers of ﬁat liquidity, banking, and payment services, their goal is to acquire the necessary licenses and create a ﬁnancial infrastructure without additional links in the chain of operations. It will develop the competitive advantages of the service, trust between parties, and the speed of transactions.
Coin compliance highlights an audit of transactions in the blockchain to conﬁrm the purity of the fund’s origin. As AML is becoming stringent day after day, this functionality is in demand both for business and average users. It allows the company to ensure the service and its users from prosecution by regulators in concerns of money laundering and fraud.
In addition to the basic security systems, CoinsPaid also implements the following criteria:
• Hashing, Google 2FA, SMS veriﬁcation;
• “Roles” with varying levels of access;
• Measures for restricting cross-site request forgery;
• Measures to stop SQL implementation;
• SSL certiﬁcate and integration with Cloudﬂare;
• Smart system of fraud protection;
• Enhanced security against DDoS attacks;
• Multi-level veriﬁcation system;
• Protection against double-spending;
- Audit logs displaying any user activity.
The popularity of cryptocurrency nowadays will surely dominate the economy in the near future. Because of this, users need to have a reliable payment processing platform that will assist them in making a transaction at a faster pace with an assurance of secure processing. CoinsPaid innovations ultimately highlight these requirements.
Their state-of-the-art platform and advance features will make crypto payment processes easy and convenient for users. The company has proven and tested services with its years of existence in finance processing.
One of the biggest problems that the healthcare industry experiences today is interoperability. The unique features of the blockchain have made the healthcare industry a principal point for distributed ledger innovation, but not all of these platforms are mainly focused on making it simpler for patients to obtain more control over their medical data.
A new blockchain based platform is striving to build a global healthcare platform that converged on decreasing clinical and IT systems and administrative charges. Solve.Care gives solutions to consumers, clients, and the healthcare community as a whole.
What is Solve.Care?
Solve.Care is known as a decentralized and distributed platform for the management of healthcare and benefits programs. This protocol is based on entity pair relationships connected to a smart contract on the Blockchain. All related events are documented and coordinated and then transferred to the right party, accurately when required.
The key components of the platform merge to render a highly innovative approach to governing care and benefits by having all parties in sync, without the necessity for a centralized record keeper.
How does it work?
Many healthcare apps in development are executed utilizing the blockchain technology but Solve.Care leads in the market with its unique program to a blockchain healthcare platform.
They are giving a single-purpose app for users to download, and it provides a comprehensive administrative platform which offers healthcare providers a unique chance to create their own ‘Care Administration Networks.’ It also enables providers to connect and synchronize their participants, execute instant payments inside the network, and give information directly to reduce fraud.
Solve.Care platform design is intended to protect the security and privacy of users and patients information, while also developing access and accountability.
Also, Healthcare stakeholders can use the Care.Wallet app and Care.Cards.
Care.Marketplace is the project’s app store for healthcare. They could show up ‘intelligently’ based on what they know about a user’s healthcare. Card application developers or owners will be capable of generating revenues from published cards, whether from a charge for one-time downloads or from periodic subscription fees. All fees will be resolved in SOLVE tokens.
The team is very eager about the possibilities for Care.Marketplace and believe it could become the ‘go-to’ place for intelligent, consistent and interactive healthcare management.
It’s an automatic interface that places users in charge of all interactions, directly, quickly and at the touch of a button. Care.Wallets facilitate peer-to-peer transactions.
The Token Economy
There are two tokens in the application on the Solve.Care platform, each having different functionalities:
It is the intelligent healthcare stable payment currency distributed by payers such as insurance businesses. The financial reserves of the issuer support it, can be designated in any currency, has no fixed supply and is not publicly exchanged.
SOLVE is the native utility token needed to participate in and transact on the platform. SOLVE is an ERC20 token on the Ethereum Network. Token supply is fixed and the price variable, as defined by market supply and demand.
The Team Behind Solve.Care
Solve.care team is composed of more than 60 dedicated experts, covering all perspectives of technology advancement, business development, marketing, compliance and (lean) Administration. They are expanding rapidly and are actively recruiting new talented individuals, to help guarantee that they can satisfy the incredible demand they see for their solutions:
Pradeep Goel (Chief Executive Officer)
Pradeep has extensive expertise in health and human services, finance and technology. He has been in the CEO, COO, CIO and CTO roles at several innovative technology firms, for more than 25 years.
Vadym Vorobiov (Chief Technology Officer)
Vadym’s main focus has been to present products and solutions which bring value to clients and individuals. Vadym gave more than a decade in the Health and Human Services sector structure and deploying enterprise systems for government and commercial organizations.
Solve.Care’s programs for accessing the markets of China, Hong Kong, Singapore, and South Korea is a part of the plan that comprises bringing care coordination and disease management solutions to consumers and business clients in Asia, supplemented with important opportunities for enhancing healthcare results for patients.
SOLVE token is accessible on KuCoin and Bittrex digital token trading platform. The token’s popularity has increased because of Solve.Care’s prior achievements in the US healthcare market. The company has delivered the Care.Wallet for Physician application with the set Provider Rewards Program for one of the biggest accountable care organizations in the US, Arizona Care Network. The value-based payments inside the Network of 5,500 providers are proceeding with the healthcare digital currency Care.Coin, consequently causing the currency “the first digital asset to ever be used inside the industry like never before.
What is Monacoin?
Monacoin is known as a virtual currency designed for peer-to-peer digital transactions. Named by its creators as “the first Japanese cryptocurrency,” the coin has become moderately of Japan’s public option to Bitcoin or Litecoin.
Similar to its predecessors, the coin was designed purely to serve as P2P electronic cash, a decentralized digital currency aimed at Japanese citizens. Some key exceptions set it apart from the coins that came before it, and this guide is committed to representing out these differences.
This project commenced in December of 2013, Monacoin was formally born on January 1st, 2014 with no premine. A Bitcoin Talk Forum on the same date describes the coin’s launch and its specifications.
A soft fork was administered at block 937440 to implement Segwit; a move secured to keep it in line with Bitcoin, Litecoin, Vertcoin, and other payment-focused cryptocurrencies. Also, the Monacoin team has reportedly executed the Lightning Network for their coin.
Decentralization: Proof-of-Work algorithm permits all users mine the MONA coin. It restricts the centralization of large miners and diminishes price volatility. ASIC resistance issues coin fairly & do not let users mine coins based on higher processing power.
Secure: All MonaCoin users can perform secure transactions as the Scrypt algorithm can be utilized even on a personal machine with a graphics processing unit.
Faster: The MonaCoin has a block time of just 1.5 minutes as contrasted to 10 minutes in Bitcoin. The currency can be transferred almost immediately because of Lightning Network implemented and values far less.
How is MonaCoin distinctive from other cryptocurrencies?
MonaCoin has many standout features causing it unique from most other cryptocurrencies. Its miners are granted 25 MONA coins when they build a block utilizing the network’s PoW algorithm. The implementation of Lightning Network grows the number of transactions per second for transactions on MonaCoin blockchain & cross-blockchain. SegWit helps even the most complex transactions and provides MonaCoin the best characteristics of the two leading cryptocurrencies viz – Bitcoin, and Ethereum. Compared to the most cryptocurrencies, MONA is more like a system of payment than a source of speculation. It is simple to use online and has a much lower handling charge as compared to other means of payment.
The pseudonymous Mr. Wantanabe originally established Monacoin, no doubt in tribute to Bitcoin’s Satoshi Nakamoto. Aside from this pen name, the rest of the coin’s team is anonymous.
Also, the project has no clear roadmap on its site or anywhere else online. The team does appear to stay on top of updates and upgrades, but, as the Segwit and Lyra2REv2 updates and Lightning Network implementation recommend. Anyone can keep track of Monacoin’s progress on its official Github.
Buying And Storing Monacoin
Anyone who wants to buy Monacoin should refer to the most popular venue, which is a Japanese exchange. Both Bitbank and Zaif exchanges, for instance, enable investors to trade MONA for Japanese Yen or BTC, and these exchanges account for almost 70% of the coin’s whole trading volume. As an optionLivecoin, Upbit, and Bittrex all have BTC/MONA trading pairs as well.
Monacoin’s website posts all available wallets for the currency. In extension to core wallets for Windows, Mac, and Linux, it also has its private Electrum Wallet and a Coinomi wallet for Android.
Monacoin primarily purposes as a digital currency. It has similarities with Bitcoin and Litecoin, but it distinguishes itself enough from either of these to the feature that Vertcoin is a more suitable comparison.
This project is functionally Japan’s cryptocurrency and the first of its kind in Japan. It has become trendy in its country of origin. So popular that it was highlighted on the Tokyo TV Network, WBS, and a man bought a plot of property in Monacoin back in 2014. Based on the internet grapevine, various retailers and restaurants take Monacoin in Japan, but because we don’t live there, they can’t verify or deny this.
Monacoin is an entertaining feline counterpart to Dogecoin.
Monacoin Official Pages
Blockchain’s primary role in a decentralized application setting is to manage data securely and consistently. Thus, a blockchain can be interpreted as a database, to be more specific, as a secure decentralized database. Most blockchain platforms nowadays employ key-value data stores like Ethereum and NEO. It enables the use of high-performance data stores such as LevelDB, but this model is very low-level and needs application developers to execute core functionality like serialization and indexing, which is a daunting challenge. That’s why Chromia, formerly known as Chromapolis, aims to solve the shortcomings of existing platforms and created to facilitate a new generation of dapps to scale exceeding what is currently achievable.
What is Chromia?
Chromia is recognized as a new blockchain platform for decentralized applications that offers the same level of transparency, openness, and decentralization as other public blockchains. It is a general-purpose platform which is suitable for nearly all kinds of dapps. It is uniquely well suited to cases requiring high I/O capacity or concerning the management of complex data sets.
Technical Design And Features
Chromia team believes that a blockchain works the role of a shared database within a decentralized application ecosystem: it collects application data and makes certain that data additions, updates, and transformations are authorized and consistent with the application’s rules. For this reason, Chromia is created and optimized to serve the role of a shared database in the best means possible. It is performed using the existing Postchain framework produced by ChromaWay.
Relational model :
Blockchain data and application environment are stored in a relational database. It is considered to be best in class in terms of flexibility, versatility, and consistency.
Relational programming language:
Chromia dapp backends are written in a specialized language which is deeply integrated with the relational model. It progresses programmer productivity and guarantees application consistency.
Dapp has its own blockchain(s), and a subset of nodes operates blockchain, it is possible to increase total throughput by extending the number of nodes.
Rich indexing and querying:
Dapps can promptly retrieve the information they need directly from nodes operating the application.
High I/O throughput:
Data queries and updates are committed to a heavily optimized a relational database, enabling dapps to do a large number of queries and data update processes.
PBFT -style consensus:
Transactions can be validated within seconds.
Dapps do not arise from “smart contracts” in Chromia, but are considered first-class entities. It provides dapp developers with a high degree of flexibility and administration.
Dapp level provisioning:
Allocating resources to dapps rather than contracts provide developers the freedom to build their own fee and resource use systems.
The CHR Token
Chromia’s intrinsic token called CHR is used as the central unit of exchange across the platform, and dApp owners/providers are required to receive compensation by operating nodes offered on its marketplace.
It is also used to power the ecosystem and by dApps to pay hosting charges and to peg dApp tokens. Also, nodes running the Chromia system will be compensated with a share of the dApp hosting fees.
When a user wants to purchase app tokens, an algorithm generates the tokens while also locking up the CHR tokens and adjusting the price and a fee may be implemented during the conversion. It helps to generate token usage as users buy the tokens of new apps and games that become popular.
The Core Team
The team is comprised of seasoned practitioners who have strong academic and professional backgrounds. As an addition to being technically proficient, there are also members with a solid base in marketing and business advancement which gives the team a good balance and strong capacity to influence the world of commercial technology in different ways.
Henrik Hjelte (Co-Founder)– He possesses an MSc Economics from Uppsala University, and serves as the CEO of ChromaWay. He has superior 25 years of experience as a developer and ten years as an entrepreneur. He was also the founder of internet company Stix, and an ex-senior consultant in the Finance and IT fields.
Or Perelman (Co-Founder) – Earned his Law (LLB) degree from College of Netanya and acts as COO at ChromaWay. He was also a co-founder of Safebit, a user-friendly Bitcoin wallet, and holds extensive blockchain marketing experience and contacts.
Alex Mizrahi (Co-Founder) – He completed an MSc in applied mathematics from Donetsk National University and worked as CTO at ChromaWay. Alex developed original colored-coins in partnership with LHV Bank in 2012. It acts as the basis to the Cuber app that enables the sharing of money from different accounts without the necessity to be part of the same entity or bank.
Chromia’s Latest Development
Chromia has conducted its Initial Exchange Offering (IEO) at KuCoin cryptocurrency trading platform last May 28, 2019. The token sales was a success that’s why in celebration to this, they will launch a listing campaign to give away a reward pool of 500,000 CHR to qualified KuCoin users. This campaign will start from 00:00:00 on May 31, 2019, to 23:59:59 on June 07, 2019 (UTC +8).