Friday, May 5, 2017

What is Blockpool?

 


Blockpool is a Business to Business (B2B) Blockchain service provider. Blockpool delivers a diverse range of solutions to clients using Blockpool ranging from blue chips corporate through boutiques. They thought of a solution that will be the first to realize a mainstream market adoption. Blockpool provides a globally scaled business plan that can streamline business processes, provide efficient and secure transfers and transactions, reduce overheads, Blockpool has been designed to provide efficient deployment of systems to achieve "SMART DATA".

The BPL controlled Blockchain is fundamental to all its aspects of the Blockpool business. Projects, Smart Contacts and other bespoke assets are created from this master Blockchain. They offer 25 Million coins in their initial offering through their Token Exchange Campaign and have a pretty good agreement with the participants.

Benefits of participating in the BPL Token Exchange Campaign:

BPL is a real world business token that controls projects across numerous verticals and applications. The Market Forces determines the value but with their existing agreements and with their experienced team, they anticipate strong open market demand. 2.5% of the company's net profits/earnings is to be distributed to all the members through token Exchange revenue share (converted to BPL) and distributed to wallets once per year after the official accounts have been submitted and approved.

Technical Views on the crypto currency and Blockchain

The transactions of Bitcoin are done by electronic signatures and all the transactions are publicly visible. The Timestamp servers keep the transactions secured, that is, ensure that nobody double spends their Bitcoin.

Proof of Work - To implement a distributed timestamp server on peer to peer basis, it uses a proof of work system which also solves the problem of determining representation in in majority decision making. Proof of work is essentially one CPU one vote.

Payment verification - The payment verification process is pretty simple, which makes Bitcoin a trustable way of doing transaction, although it is based on a non-trust idea. A user does not have to run a long test in order to verify the payment. He is only required to store a copy replica of the chain's block header. He can't directly check the transaction but he can see if some network node accepts it or not It will surely do if the claim is honest. The payment is secure till there exists no fake nodes. But it becomes more vulnerable if some attackers get into the network and over powers it. As network nodes self-verify themselves, the process can easily be used by an attacker to fool the payees by generating a fake verification of the nodes.

This is prevented by the algorithm in which the nodes inform the owners if it detects any invalid block. It then prompts the owner to again download the core or original or whole node and clarify about the unusual happenings. It is a system of transaction where transactions can be done electrically without relying on anybody or without any third party or without trust. This direct transfer from one party to another also saves a lot of time.

The Team



Learn more:

Announcement
ICO Website
Whitepaper

CryptoBjorn
https://bitcointalk.org/index.php?action=profile;u=542698

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