Monday, July 10, 2017

BitJob's Students Marketplace

 



Bitjob is a new decentralized peer 2 peer (P2P) cryptocurrency platform to help student earn and gain skills and experience while still in school. Powered by Ethereum, the platform allows the students to receive payment from their short-term employers and at the same time gives them an opportunity to develop their work profile based on their ability and skills. The platform eliminates the need for server administrator and have powerful transparency features that allows strong identity, voting, verification, authentication and reputation.


Bitjob Features and Benefits

1. It is a hybrid of two architectural models
- Bitjob uses both centralized client-server model being used by popular online applications hence it can be integrated to different online payment platforms and the decentralized client-server model that uses blockchains to enhance security. This makes it a safe and an ideal platform for average internet users and usable on mobile devices. Bitjob gives the student an opportunity to receive payment through traditional payment methods and cryptocurrency.

2. User friendly and security
- The student will download the Bitjob app and will be required to confirm critical details and provide a valid student registration number. The application will generate a distinctive deposit address to which funds from Bitjob token will be transferred. The student can be hired directly or bid for jobs on the platform. The platform manages the bidding and the payment process.

3. Reputation and Quality
- Bitjob users will be allowed to rate each other and the reputation appended to the user account. This will enable employers hire service providers based on their performance on previous Bitjob projects. The reputation also will determine the remuneration for service provide. The higher the rating the better the pay.

4. Resume Building
- Experience gained and reputation built on the platform will be recorded on a Dynamic Portfolio Resume which will be attached to the associated domain name for use by future employers.

5. Dispute management
- The platform holds a sufficient employer's money is held in escrow for guaranteed payment for the service provider unless there are other issues raised by the employer. In case of other issue, the platform will provide the best resolution methods.

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Rivetz Technology Overview Review

 




A new breed of companies coming, companies who are new and on cryptocurrency focused. They are nowadays busy with with inquiries, preparations, and confirmations on their userers wellbeing. Once we impart and talk about safety we recommend an device's trustworthiness however the cryptographic cash degree is hard. Whilst a ton of phases are ready to make sure the monetary specialist and imaginable shoppers of the safety of their phases, the reassurance of the contraptions is left to the owner of economic paperwork. That's the position the Rivetz App will be available in. Rivetz degree on building an app is there and they can be trusted to build an safe app from a cybersecurity point of view.



How does it work in practice?

The degree influences usage of a three to step system with a view to make sure that secured virtual cash operations The very important degree is the enrollment of a reference prosperity. In this degree, the degree interface put in on one's telephone speaks with greater than a few problems to make a choice the value-based prosperity works each and every all over the device and on the supporting doorways. This data is spared to provide lengthy haul reference problems if there will have to be an prevalence of a topic.

The second degree is going to the client deciding on a bearer. The bearer is then doled out a selected alternate ID went with by the use of a relentless prosperity examine hash. The virtual safety controller all over the degree recovers the mutual hash for the bearer and contrasts it and the continuing prosperity examine hash. In the event that they are compatible then the advance is authorized to continue to the accompanying degree with a log being made to be sent to global verification and identification techniques. Should the consumer want to scrutinize the situation of an alternate degree 3 is began. The logs from global authentication and identification techniques are recovered the usage of a Transaction ID that was made when the alternate was carried out.

What's unique with Rivetz?

1. The degree belongings holders ensure to creative creations with suppliers of , device, and pieces and administrations pointed towards reinforcing cybersecurity.
2. It takes the problem of shoppers privacy a step higher 3. A number of validation systems that could be pointed towards boosting safety with out hindering on skill on alternate features.

ICO

With the concept featuers of the ICO slated for the 25th July 2017 being inadequate, we can expect a large amount of number one focuses to be out thru at that time. It assists in keeping on being watched irrespective of whether or not the industrial middle can typify this additional virtual safety perspective to crypto foreign exchange. One thing is self-evident, at the off likelihood that it's a great deal grasped or not, cybersecurity will stay a key matter each and every time the problem of cryptographic cash is raised.


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Orocrypt - Gold-backed tokens

 



Orocrypt is a famous Company with a high technology that deals with precious stones. The company was started by a team made up of highly experienced bankers. The bankers have a history of working with famous financial institutions. The company's assets are directly linked to the Cryptocurrencies. The company is devoted to enhancing its operation in the field of precious metals. In connection to this, the company has great plans to lay out mega projects in the near future.Major projects that the company is looking forward to.

• Digitization of the precious metal market. Although this seems like a risky move, the Company is devoted to advancing the gold market due to the technological demand. The major challenge with this prospective project is that there are worries if the governments will regulate the digitized asset in legal matters. Even though this is the case, the project is expected to yield an unmatched profit.

• The introduction of share tokens (OROC). Orocrypt Company has major plans to issue tokens in the near future. The tokens are expected to represent the ownership of around 30 grams of LBMA. This project is expected to roll out towards the end of the year 2017. The project is dubbed ORO.G. To enhance the project further, the company plans to register the tokens on the Etherium blocklain. As a result to this, it will be possible for the shareholders to store their shares in Etherium wallets. The company will lay out measures that will make it possible for the shareholders to trade their shares. This means that it will be possible to transfer the shares on an open market platform. If all goes as planned, the shareholders will have an advantage in that they will be able to convert their shares into physical gold through a redemption platform. The shareholders will have unmatched advantages having in mind that they can withdraw their shares in an event where the company may become bankrupt.

• Duration and regulation of Share Token sale. On a move to regulate the number and duration of the sales, the company will make sure that the minimum number of share tokens sold does not go below 133,500. The company will also make sure that the token sales do not go above 500,000 within a month. If the token sales happen to go below the threshold, then the assets will go back to the respective investors. Information about registration. With all the benefits expected to come with the upcoming ICO, the company plans to control operations. This means that an investor will only qualify to buy share tokens if he or she is registered. The registration details will include; Names, physical address, email address as well as telephone.

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Wednesday, July 5, 2017

What is Onplace?

 


The internet's development has mainly facilitated the growth of a technological infrastructure whose interactions provide the essential service. Numerous opportunities have erupted from this critical development and are continually evolving. In business, real-time information is now available making decision making a simple feat. Global interconnectivity now promotes international trading and e-commerce ventures that are changing the way we do business. These developments continually dictate the need for an international currency whose purchasing power is uncompromisable. The Bitcoin (BTC) is the world recognized forerunner of global currency.

A key feature that attracts attention to this cryptocurrency is the anonymity with which it is used The currency is not governed by any authority which implies that it is not taxed. Generation of new coins is an automated process which offers an artificial scarcity by producing fewer coins with every production. Full production shall stop after reaching a maximum of 21 million coins in circulation.

BTC Trading with Onplace

The BTC value has continually increased as the business world recognizes the importance of using its market for trade and value accumulation. Venturing into forex trading requires expertise in techniques and approaches to make the best decisions with your investments. Onplace offers up to date information about BTC trading points to help you in deciding on buying-selling options to implement. On June last year, Bitcoin dominated with an 81% market share, which has later depreciated to 41% by June this year The drop does not imply a loss in value, rather BTC has increased in value since last June. However, the cryptocurrency has promoted a new market of digital currencies and competitors are developing fast. For instance, Ethereum, Dash, Ripple, and Lite coin have quickly gained ground in the market.



Current Performance of BTC in the Market

The purpose of the BTC is to conduct Peer-to-Peer transactions which are efficient and more reliable than other payment systems. However, the value of these precious coins has shot up over the years, currently trading at over $2500/coin. Such remarkable performances have shifted the world's view on the BTC. Now, it is a plausible store of value. European. Asian and American traders have made significant investments in this market. Getting started with BTC trading is simple enough with the right information. Onplace ensures that you are a step ahead with technical information available to you every step of the way. Technical cryptocurrency information includes selling points and timeframe data BTC/USD projects high pivot points between 2607.9 and 2607.6 for the classic, Woodie's, Camarilla, Fibonacci and Demark's. These averages are significant in BTC trading as the cryptocurrency does not rely on timeframe factors to adjust in the market.

BTC trading is growing into a market worth billions of dollar without the prospect of deflating. Key traits of the BTC such as decentralization, Peer-to-Peer capabilities, and artificial scarcity make this the most traded currency in the digital market. Factors like inflation, high forex trading or regulations are not relevant and do cannot hamper your investment plans. With Onplace, you can be the trading in this cryptocurrency with lucrative prospects by the moment.

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Sunday, July 2, 2017

Pillar: The Wallet for the 21st century

 



The Pillar Project is a fresh take on the digital wallet phenomenon that has been popularized due to blockchain. The upcoming wallet encourages atomic ownership - the storage of keys on a user's device rather than in third-party databases. This effectively solves the issue of cyber security - users no longer carry the risk of being compromised while under the guard of third parties. However, the wallet idea is not new Pillar Project is unique because it seeks to incorporate more into a wallet than cryptocurrency keys - rather, it is hub for everyday life.

Basic extensions are the more familiar aspects of Pillar: automated smart contract search, shopping integration, fiat exchanges (collaboration with banks), and identity services. These programs will require cooperation with software companies, crypto currency exchanges, and banks. This in itself will be difficult; the new project will have to prove its worth, on uncertain grounds, to survive. Pillar could crash and burn before it even begins to operate, if it is rejected by other parties. Still, early success will lead to everyday integration, including employment, apartment leases, medical data, etc. Anything has the potential to be on Pillar, which makes the project exciting. When comparing this project to other project one must agree that the founders of the Pillar project really try to make something new. Gaining traction and thus adoption means having a user friendly wallet is key, a lot of projects forget that innovation is important, but adoption is key. And here we finally have something that has it's focus on the right aspects. Now we just have to see if the team behind the Pillar project is able to execute this properly.

An issue still exists with keeping track of the one private key - it will have to be kept safe. If compromised, users could lose their entire digital lives. However, atomic ownership means that security is in the hands of the wallet owner, not a dubious third party. One can take as many precautions as desired. Pillar Project mentions hardware solutions for safety in its whitepaper, but it has yet to address the issue definitively. Another accolade for the Pillar system is the usage of a single, universal coin: the Pillar token. Some additions of data to the Pillar wallet would cost tokens.

However, most usage would not incur fees. Exchange fees, for example, would merely detract from crypto currency balances. Of course, the issue persists that services must accept the usage of Pillar tokens before users can benefit, another collaboration barrier. The project can only extend as far as companies will participate. Despite the challenges, Pillar's end result is hopeful. For everything to be in one place, not held apart by endless accounts, is liberating. Ease of access would no longer be an issue. The future appears streamlined, not just within crypto currencies. Pillar Project has great potential to be more than a wallet - a personal data locker. But this goal may only be reached through collaboration, something hard to get by in an era of distrust. The ultimate fate of Pillar Project is yet to be seen - its ICO is yet to come.

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The Bitquence Project

 




Days of the old going to the bank and inserting your visa or debit card to take out money has nearly ended as a new age of "Paypal meets Nasdaq" technology has emerged called bitcoin. You can even store your funds in something called "Cold Fusion" which is like a bank away from a bank but disconnected from the Internet entirely much like a visa gift card with cash on it but safer.



Bitquence as it is called scientifically has also unveiled a road map stating that in June 2017 as of this month there will be a token sale. Asset allocation happens in September 2017 that is used to distribute purchased bitcoin to the respective users. Digital Liquidity is the next phase which is transferring a currency or many currencies into bitcoin at a specified exchange rate and to be exchanged in reverse as well.

Once the company has unrolled these steps they plan to go with universal mobile payments in Jun 2018 followed by Global services in Jan 2019. In terms of where bitcoin actually stands, it makes up 98 billion of the market for global financial funds and according to a few other numbers on a stat chart from bitcointalk.org coins and bank notes come in at 5 trillion, gold at 7.8 trillion, liquid money at 26.8 trillion and lastly stocks at 70 trillion.



All of the above numbers are estimates though and to date. All money is to be clocked in at 80.9 trillion estimated as well The last point which may prove useful to bitcoin enthusiasts is how their "hyper smart wallet" is built on 4 key technology components some of this is review from an earlier statement above but they are as follows: Dynamic Asset Allocation, Consensus Risk Management, Digital Liquidity Network (ex. converting into standard currencies or standard currencies into bitcoin.) and finally cold storage. What this basically says is these are all of the features that your bitcoin smart wallet would be capable of doing. Just like a smart phone or TV has functions unique to them so does this. Think of it in the same way.

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What is OpenANX?

 




With the view of overcoming the numerous challenges being experienced by the CEM, the OpenANX platform has provided its users a means to measure risk. This will be achieved because OpenANX will take the qualities of its predecessor so as to enhance exchange efforts that have been decentralized efforts because it will link the exchange platforms that currently exist.

The OpenANX is a non-profit organization that has a strong passion for creating awareness about the platform. This organization was established by four co-founders. One of the co-founders includes David Tee. The second is Ken Lo. Dave Chapman is the third and the fourth is Hugh Madden. Some of the concerns of the partnership include ANX International, the Enuma technologies and the Crypto derivatives market among others.

OpenANX has several unique features. These include:

There are numerous people and users that have been attracted to the OpenANX platform on a large scale because of the presence of the addressing features that have looked into the inevitability of the cryptocurrency exchanges.

In the event of a dispute, the OpenANX will deliver a resolution to access collateral

OPenANX is enhanced by two forms of cryptocurrency exchanges such as the centralized and decentralized exchanges.

The openANX platform has a liquidity aggregation system. This enables the aggregation of order books that are isolated from all asset gateways. These order books are available to the end user at their convenience.

Due to the numerous shortcomings that have been experienced in the centralized exchanges, there are numerous decentralized exchanges that have emerged. These can be categorized into two; those handling digitized token and those handling flat currencies.

In conclusion, the OpenANX platform gives users the ability to quantify assess risks and have the autonomy of choosing between asset gateways to on/off board flat and still have access to the order books. The OpenANX foundation is highly committed to creating more awareness about the platform.

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Thursday, June 29, 2017

SkinCoin - Universal Cryptocurrency based on Ethereum

 


Crypto-currencies have taken over the market the past few years allowing the development of a less restricted way of exchange for currencies and for some investors as a way to make some cash playing with their fluctuations. And as it was expected for players all around the world, it didn't take much time for crypto-currency entrepreneurs to incur in the online-gaming market. Filling the needs For most investors, this might sound dull, but there is a huge need for globally accepted currency when it comes to online gaming.

Since its beginnings with "World Of Warcraft" and "MU online" in early 2000's there was some sort of black market born from the existence of inner game currency and skin currency and the need of some pro-players to exteriorize their earnings. Players with least time or will to spend playing would pay with real cash in exchange for the impulse, thus creating a limitation on the market to trustable areas, adding the fact that the money spent in one game would most probably die in "that world". The difference Skincoin is not coming out the market as a regular crypto-currency.

It was designed to fill the needs described above. The main goal of Skincoin is to become the universal currency to be used in online gaming sites, allowing a better communication between players, games, and worlds/servers. This way, the currency will simplify the skin/coin trading process, and in consequence, it will: - Ease the conversion of gaming effort into usable real-life cash. - Ease the process of migration from one game/world/server to other. - Ease the entrance of newcomers to the games market (turning playtime into money and the other way around).

For investors

Now, you are not here to talk about games, so let's point out the features of the Skincoin as an investment. - Skincoin is, unlike the others, born with an established Meta market (Online gaming community) and supported by platforms such as steam which alone represents a huge part of the E-Sports market.
- This crypto-currency is working with the Etherium Blockchain platform, which is already on the stock market and keeps a main tendency to the rise.
- The ICO system working as an intermediary will also regulate the inner coin's market, thus solving a server administrative issue "in-game inflation" which will attract many other companies to participate.

The plan

The first offer to buy decentralized SKINCOIN is dated July 2017. This will be used to buy/sell skins, and in-game services. In the same month is programmed for the exchange platforms to start using the currency.

The launch of the main platform for exchanging is programmed for August 2017, allowing the players and users to change their inner currency for Skincoin s and back at any time. Afterward is programmed the launch of an API to receive and convert in-game skins and coins into Skincoin and back, easing the transactions with other websites, related to Counter Strike: GO, Dota 2 and Team Fortress 2. Once the API is available, the plan is to focus on increasing the partner's base, boosting the Skincoin's demand and thus raising its market share.

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Monday, June 26, 2017

Technical Overview InsureX

 


The global economic output of insurance market is 5,7% or about $3,92 trillion. With this huge amount of market share, InsureX provides a safe and transparent platform for insurers, reinsurers, and brokers to do the transaction. This paperless full digital blockchain system that is offered by InsureX creates an efficient, cost-effective, and transparent market place.

InsureX offers some key features to facilitate your transaction.

List and market insurance product. In this platform, the sellers can choose, whether they want to display their product for public or only for limited selected group. Information of the products include the key characteristic, potential target region, and potential target market. The document sharing function that offers by InsureX ensure the transparency and simplicity of the process. In other words, everyone can see the same transaction details and documents.

Transaction execution.

Participants of the transactions can even see the information in real time. It means, there is no need to use third party.

Portfolio management.

With this feature, you can have an overview of your transactions and a summary view of key metrics. To help you to organize your data, you can build your portfolio hierarchical and nested. You will get also the high-risk data, such as risk, premium, claim, and performance.

Market insight.

To facilitate your transaction, InsureX provides an overview of information from market activity across regions, market sectors, exposures, etc.

InsureX mainly focus on insurance market. This means that the target market of InsureX is reinsurer, insurers, brokers, and general companies.

The system of InsureX is based on reward, in this regard is token. The token will be awarded for the transaction execution reward, reward for providing data, platform access, and API licenses. Besides award, InsureX offers bonus system too.

Merely finance themselves through crowdsale, the funds will mainly distribute for the development and infrastructure of InsureX. Established in 2017, the transaction for crowdsale will be ended on July 31th 2017 at 2 pm UTC.

What unique with this platform is, is their campaign. They use a social media campaign that rewarded common people that promote their business. A main requirement to join their campaign is that a person must have a Bitcointalk username. Besides that, InsureX applies quite strict regulations for people who campaign for them. For translator, you must provide a previous work result. In twitter, the campaigner must have at least 200 followers, whereas in facebook campaigner must have at least 100 friends. InsureX pays them with stakes. It means that the campaigners work double for them. The campaigners make an advertisement for InsureX, and on the other hand the campaigners play some role also in the development of InsureX with their stakes. It is, indeed, a smart strategy and win-win solution for InsureX and the campaigners.

Based on the concept, InsureX can give their participants an ultimate benefit. Their blockchain system allows participants to see the big chuck of data and, therefore, many possibilities to join the market based on their requirements. Though the crowdsale is only conducted in a limited time, once InsureX established, they will develop it for independent risk and valuation services, direct costumer products, and automated brokering services. Combine with one of the biggest market share in global economy output, InsureX system of transparency can, indeed, be one of the promising method in insurance market.

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Dent Will Change The Telecommunications Industry

 


Cellular knowledge permits the switch of knowledge from a mobile gadget to its respective service, permitting for using Web providers with out Wi-Fi or the types. A really handy commodity for telephone holders, particularly those that journey. In fact, cellular knowledge is proscribed due to the ruling firms and the pricing may be strict and unpredictable at finest for a lot of customers. Nonetheless, DENT Wi-fi Restricted has introduced its plans to free the cellular knowledge market from these financial giants. This revolution of the telecommunications trade is deliberate to work through using the model new, world, and tradable cryptocurrency often called the DENT token, which inspires an energetic buying and selling economic system of cellular knowledge. Moreover, this complete effort is being backed by a extremely skilled workforce of cellular specialists and entrepreneurs. On this age of expertise and cellular gadgets, one of the vital valued merchandise is cellular knowledge. The corporate has additionally created its personal white paper for the system, which would be the primary reference in this overview.

Details

DENT For context, a "white paper" is basically a blueprint for marketing or creation efforts. DENT's white paper is spread out across 12 chapters containing 27 pages that list out the entire plan of the token's launch, the functionality of the cryptocurrency, the team behind it, and the efforts to spread it across the economy equally. Chapter 1 is an introductory executive summary to the entirety of DENT, chapter 2 is about the team and their abilities, chapter 3 details the democratic nature of this currency, chapter 4 is the roadmap for DENT's launch and effort, chapter 5 tells the benefits of the blockchain structure and what users can do with DENT tokens, chapter 6 is about how the company will spread DENT to developing countries like those in Africa, chapter 7 is details about the token sale on launch day, chapter 8 talks about how the currency can appreciate and depreciate, chapter 9 is how key players in the telecom industry can be utilized to help DENT, chapter 10 is the architecture of the currency, chapter 11 is about the complexities of transferring and trading data packages among users and carriers, and chapter 12 is a conclusive summary of the paper. As such, this white paper is all one needs in order to understand how this brand new cryptocurrency will work.

The Whitepaper

Stated in chapter 1 of the white paper, the entire DENT token will be formulated as a global exchange of mobile data throughout the Ethereum Blockchain. For context, a blockchain is a highly secured coding structure that keeps track of every transaction in the cryptocurrency market throughout a series of networks. This gives every competitor in the market a candid and unaltered look at the economy. In this universal market of data, users can buy and sell data packages, as well as donate unused data to the market for DENT tokens, this is stated in chapter 4 of the white paper: "Launch the DENT Exchange on Ethereum blockchain for buying, selling, and donating mobile data packages" - DENT Wireless, DENT Whitepaper V2, 2017, PDF, Page 10. This means if you end up with a surplus of spare data on any occasion, you can simply trade it in for free tokens. A prime example purely provided from chapter 4 of the DENT whitepaper states (in a paraphrased light): Mike, a US carrier customer, who has arrived in Australia, can "access the data marketplace through the Wi-Fi and buy whatever data he needs without any SIM card changes or carrier agreements". "The data could have been bought from Jane", an Australian carrier customer, who receives those tokens and "plans to spend them on her next European vacation". This entire system is all international as well, as stated in, again, chapter 4 of the white paper: "For multi-national operator partners, the DENT exchange represents an ideal platform to facilitate international data transfer for their user base." - DENT Wireless, DENT Whitepaper V2, 2017, PDF, Page 10. It is an amazing democratic evolution of the mobile data market as users will no longer have to fear fluctuations of prices in their data bills and can trade said data freely among each other anonymously. In their executive summary in chapter 1, "DENT aims to turn unused $4.8 Billion USD per month into usage" DENT Wireless, DENT Whitepaper V2, 2017, PDF, Page 5. This is all a system to very much trust as well, as stated in sub-chapters 2.1 and 2.2 of the white paper, the team consists of members with 12 - 20 years of Telecoms experience and one of the co-founders, "Mikko Linnamaki", also being the co-founder of "DOVECOT". Using this new system, data users can finally own the data that they've paid for.

Conclusion - DENT

Overall, there are high hopes to be had for this new system. The fact that the mobile data market will be in possession of the users is a revolutionary feature that is sure to excite every one of the said users. With the democratic, simple, and anonymous trading features (chapters 4 and 11), the erasing of high-cost fees from carriers (chapter 1), the division of data to developing countries in need (chapter 6), and a specialized and experienced team of mobile authorities (chapter 2), DENT will surely make 2017 a profound year of the mobile data market. The DENT token sale begins on July 12th of 2017 where the 1 Billion tokens will be distributed.

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Monday, June 19, 2017

SONM - Supercomputer Organized by Network Mining

 


Permanent improvements, development, pushing the limits are significantly important for inherently transcendent human consciousness. IT and exponential growth of world's total computing power are the pinnacle of the human mind evolution. Technology bringing together all the computational resources of humanity, interacting under the management of the artificial intelligence can be our pathway to the next, higher level of comprehensive perception of the world around, we will be able to process mathematical calculations not previous thought possible. Comprehend unseen laws and language of the universe, and open a new wonderful era of the mankind.

Computing power is the fundamental factor of the technological progress nowadays. Internet, scientific calculations, space exploration, artificial intelligence, biomedicine, bioinformatics, nanotechnology are worth the effort and pay off the significant increase of the entire network performance, technological singularity. Today computing cloud concept is way to the new disruptive fog computing technology. The advantage of fog computing means there is no third party controlling of the data. Additionally, SONM is capable of fulfilling the needs of passengers and drivers alike without them having to rely on parties such as Uber or Lyft. A decentralized application using a decentralized network of computing power can achieve the same result, but at a cheaper price and without intermediaries.



Any computing device from Smartphone and tablet to supercomputers clusters can be made a part of distributed worldwide computer managing the internet of everything. The creation of the SONM — the first functional decentralized supercomputing platform for general-purpose path, representing block chain based network or distributed computation and global decentralized computing power market. SONM project is any computing device owner, the opportunity to get passive income providing their computational resources for rent and make the impact on the new technologies development at the same time, on the other hand, the clients needing computing power will be able to significantly reduce their costs and get the most efficiënt solution on the market.

For buyers, SONM divides the prospects of security in two parts: consumption and functioning. The first part describes a series of methods applied to ensure honest buyers run their tasks for a given time; while the second part discusses how SONM applies certain tricks to ensure problem-free task execution.

SONM Architecture's

Navigating through the website we found several aspects which makes SONM ambitious, to say the least.


Ethereum smart contracts

A consensus system ensuring transparency and security for the system’s participants


Fog computing

А decentralized and more efficient computing model compared to cloud


Yandex.Cocaine

An open source Platform-as-a-Service (PaaS) technology, and a decentralized computing platform


Docker Container

Аn isolated environment ensuring computing
parallelism and appropriate apps running on any device


BtSync

A peer-to-peer system for fast and safe data transfer



Whisper

A peer-to-peer technology for node communication


Furthermore, SONM is the platform which is able to provide decentralized services in a heterogeneous computing environment, expected to me the cornerstone of the computing and internet future, which will be dramatically boosted by machine learning and general-purposed artificial intelligence. Using the artificial intelligence in SONM project focuses on three main issues: the problem with trust, Traveling Salesman problem and Knapsack problem. While the trust problem in context of trust issues between hubs, is solved by analyzing their rating systems, the Knapsack problem and the Traveling Salesman problem are solved by dividing resources between different projects, and by resource distribution and backs to GRID-network standards.

The SONM can be used for modeling, drugs development, aerodynamic calculations, climate changes prediction, social statistics and aerodynamic calculations. Technologies our functional prototype is successfully processing scientific and grade calculations in drug discovery and home SONM project which uses SONM power to model new biomedical drugs against diseases.

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Wednesday, June 7, 2017

Technical Review FundYourselfNow

 


How the technology has changed. I remember the day and age when our own dollar was on the gold standard. Under the Nixon administration in 1971, the gold standard was replaced by the elimination of having to revaluate and redeem our dollars to an equivalent amount of gold. The only backing we have now is the "full faith and credit of the United States of America". In short, with the advent of the internet and real time trades on the major markets, using the dollar or other such similar currency seems a bit foolish and cumbersome. Hence, bitcoins and using white papers to contract and conduct business, globally. There are several advantages. Firstly, there is no "currency" changing hands, the transaction is happening in cyberspace using bitcoins and via white papers. White papers, in many ways, remind me of governments and large corporations using Baer Bonds and the like for extremely large transactions, typically those by large banks and other corporations.

One of the features of using bitcoins in conjunction with FundYourselfNow

FundYourselfNow Is the lack of regulation because there is no exchange rate to worry about since bitcoins are virtual reality instruments not paper money nor are they actual coinage. Because there is no exchange rate, every transaction is treated at a par value. A one cent bitcoin here in the US is worth the same in the UK. The only problem is that because of the lack of regulation on white paper currency and companies like Fund Yourself , what, if any fail safes are in place to protect the consumer? Another issue of using this relevantly naissant technology is that of cyber terrorism. In this global economy, failing to mention this potential quagmire would be fool hardy and unwise. There are two reasons I mention this Anytime one is on the internet exchanging money, there is the inherent risk for laundering, fraud and theft of not just money, but intellectual property as well. Secondly, because many systems are not as secure as they should be, it entirely possible that our computer systems and other infrastructures could be made even more vulnerable to an attack. Finally, actual terrorists could be receiving the money without one's knowledge. It appears that once the technology has been secured (and Fund Yourself is a step in the right direction) and the bugs and kinks are taken out, using white papers and bitcoin will be as common place as is taking a dollar bill out of one's wallet. In terms of business, I can certainly view the possibilities in both the negative and positive.

In terms of positive attributes, because of the lack of a hard metal or other collateralized type of currency, the relative costs of exchange will be a lot lower than real currency. However, that brings up a real issue of regulation. Who is overseeing these transactions, what is in place to prevent fraud and what of security, integration and the universality of recognizing bitcoin and white papers as legitimate forms of payment? Until, these gray areas have been worked out in this ever increasing global market, there will always be these issues.