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      "author": "criptoblog",
      "body": "Halo haloooo!\n\nWelcome to Dispatch #2; in the [first article of this series](https://steemit.com/blockchain/@criptoblog/dispatch-1-a-deeply-undervalued-coin-wetrust-usdtrst) I talked about one of my favourite currencies: **WeTrust ($TRST).**\n\nThis second article will be devolved to another of my favourite picks: **Raiden Network ($RDN)**. A relatively unmarketed project with massive potential in the blockchain ecosystem.\nI will clarify the *scope and the objectives* of the project, as well as laying out the *features, limitations and use cases*.\n\n![Raiden 1.jpeg](https://steemitimages.com/DQmYyhe64Qs8znL8RhMAGBujuE35PagBUDK4Hr6CavfsU4m/Raiden%201.jpeg)\n\n\n**WHAT IS RDN? WHAT’S THE USE CASE?**\n\nWe all know that blockchains are **great and amazing**. But they are still **limited**. *Scalability is one of the biggest problems for the actual architecture of blockchains*. With the increased usage, transfer have become more and more expensive and slow. As of now, the Ethereum network is only able to process around *15 transactions per second*, a pale number, *compared to the over 40,000 that* **VISA** *processes*. Finding a solution to the current scalability problem is among the key challenges to facilitate widespread adoption of blockchains and make them fungible. But don’t worry, **Raiden is here to help you**. \n\nThe Raiden Network is a (work-in-progress) *scaling solution that will enable instant, low fee and scalable payments*, complementary – but not restricted – to the Ethereum blockchain. It is basically the Ethereum version of the [Lighting Network for Bitcoin](https://lightning.network/), a payment network build on top of Ethereum blockchain. It allows trustless, **off-chain** transactions. \n\n**OFF-CHAIN? WHAT?**\n\nYes, you read it right. *Off-chain*.\nThis means that transactions happen in *channels*. **Only settlements are broadcasted on the blockchain, and not each individual transactions**.\nThe easiest example is to imagine yourself going to a bar and order something to drink:\n\n You do not pay immediately after the first drink, because you know that you’re probably going to drink more *(you alcoholic!)*. Therefore, *the balances are only settled (and broadcasted to the blockchain) when you ask for the final bill and pay!*\n\nThis frees users from having to broadcast every single transaction and also diminished the burden and weight of transactions for the blockchain itself.\n\n**KEY FEATURES OF THE NETWORK:**\n\n-\t**Scalability:** tt scales up with number of participants, the more people join, the more efficient it becomes. Channels can connect to other channels and so on, creating a network.\n\n-\t**Speed:** transfers are confirmed within a fraction of a second, thus solving the latency problem of the Ethereum network.\n\n-\t**Privacy:** right now, all of the transactions happening on the blockchain are communicated to every node of the network. Everyone knows what everyone does. While this being an advantage in terms of accountability and transparency, it is also a limit for many businesses. In fact, some of them cannot conduct business on a blockchain because it goes against the privacy regulations. Not all information can be shared publicly. \nInstead, on the Raiden Network single transfers don’t show up in the global shared ledger: only settlements are visible.\n\n-\t**Interoperable:** operates with every ERC20 token.\n-\t**Low Fees:** lower fees than blockchain.\n-\t**Micro-payments:** the low transactions allow tiny values to be transferred.\n\n\n**LIMITATIONS**\n\nThe Raiden Network is *not suitable to large transfers*, due to the extra **cost of opening and managing channels**. In fact, **RDN** need to be locked up, in order to open a payment channel.\n\n**WHY IS IT SO?**\nSimilar to how the [*POS – Casper protocol* works in Ethereum](https://blockgeeks.com/guides/ethereum-casper/), the locked token act as an *insurance agains anyone trying to cheat the network*. If someone wants to attack or disturb the network, the cost of doing so would surely override their benefits or gains. Furthermore, users have the chance of *gaining interests* on the tokens locked up, in the forms of fees for the node being used by the other participants.\n\n\n**WHAT ARE THE USE CASES?**\n\nBy having much lower fees than normal blockchains, the **Raiden Network** allows *new types of business* that were simply impossible to be conducted on the blockchain, due to high fees and unrealistic timeframes. The main use cases for the Raiden network are those where *repeated payments are made on a frequent basis*. The natural use cases are **retail payments**, **peer-to-peer cash transfers**, **micropayments** and **payments for premium content**. Another important use case is that of the *Internet of Things or pay-as-you-go items*. \n\nThe Raiden project has been under development since 2015, thus having more than two years of advantage on similar projects. The project is open for innovation and contribution by third party developers is not only allowed but also encouraged. It really has a massive first-to-market advantage. Also, there is no need to develop similar projects, as developers can simply contribute and improve the Raiden Network. Scaling up Ethereum and implementing the vary *Casper, Zsnarks, POS etc.* will be a very long process, taking years. Raiden represent an immediately solution that can improve the network. The better Ethereum works the better it is for Raiden. \n\nOther scaling solutions proposed for the Ethereum network are:\n\nhttps://steemitimages.com/DQmRbnDVfYNEkDBKWsi3EhaAin2xCfuodm1GEwaQZX9cFhn/Scaling%20Solution.png\n \n\n**THE RDN TOKEN**\n \n![Screen Shot 2017-12-05 at 13.52.43.png](https://steemitimages.com/DQmUjpvGxRZToWogHfLhZvqoaMMsBsvnBpQMZcMJTqbZDdR/Screen%20Shot%202017-12-05%20at%2013.52.43.png)\n\nThe choice of doing an ICO and having a specific token was heavily criticized by users. However, as *Vitalik Buterin* has pointed out..\n\n![Screen Shot 2017-12-05 at 13.30.01.png](https://steemitimages.com/DQmXvQYWxcVXfneeFhwTa1qBpT5DskwTXUzqtZRfXDPb5Ey/Screen%20Shot%202017-12-05%20at%2013.30.01.png)\n \nIn the long term, the choice of having a token ensure them *stable and guaranteed funding to pay for developments* without relying on third parties. Furthermore, the RDN token has an instrumental use on the platform. \nIn fact, tokens will be used to pay and receive fees that will allow the network to function. Not everyone will run a full node and users that do so have to have certain types of incentives. \n**The total supply or RDN tokens is a fixed quantity of 100m**.\n\n**CONCLUSION:**\n\nThe Raiden Network is really *one of the few projects out there that really has a huge adoption potential*. Once operational, it could easily manage **billion of dollars worth of daily transactions**. This token has a really *strong use case *so I personally advice you to research it and if you’re looking for long-term gains, make sure to get some.\n\n**May the blockchain be with you!**",
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      "title": "Dispatch #2: the Raiden Network, a Scalability Solution for the Ethereum Network"
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      "author": "criptoblog",
      "body": "Halo haloooo!\n\nWelcome to Dispatch #2; in the [first article of this series](https://steemit.com/blockchain/@criptoblog/dispatch-1-a-deeply-undervalued-coin-wetrust-usdtrst) I talked about one of my favourite currencies: **WeTrust ($TRST).**\n\nThis second article will be devolved to another of my favourite picks: **Raiden Network ($RDN)**. A relatively unmarketed project with massive potential in the blockchain ecosystem.\nI will clarify the *scope and the objectives* of the project, as well as laying out the *features, limitations and use cases*.\n\n![Raiden 1.jpeg](https://steemitimages.com/DQmYyhe64Qs8znL8RhMAGBujuE35PagBUDK4Hr6CavfsU4m/Raiden%201.jpeg)\n\n\n**WHAT IS RDN? WHAT’S THE USE CASE?**\n\nWe all know that blockchains are **great and amazing**. But they are still **limited**. *Scalability is one of the biggest problems for the actual architecture of blockchains*. With the increased usage, transfer have become more and more expensive and slow. As of now, the Ethereum network is only able to process around *15 transactions per second*, a pale number, *compared to the over 40,000 that* **VISA** *processes*. Finding a solution to the current scalability problem is among the key challenges to facilitate widespread adoption of blockchains and make them fungible. But don’t worry, **Raiden is here to help you**. \n\nThe Raiden Network is a (work-in-progress) *scaling solution that will enable instant, low fee and scalable payments*, complementary – but not restricted – to the Ethereum blockchain. It is basically the Ethereum version of the [Lighting Network for Bitcoin](https://lightning.network/), a payment network build on top of Ethereum blockchain. It allows trustless, **off-chain** transactions. \n\n**OFF-CHAIN? WHAT?**\n\nYes, you read it right. *Off-chain*.\nThis means that transactions happen in *channels*. **Only settlements are broadcasted on the blockchain, and not each individual transactions**.\nThe easiest example is to imagine yourself going to a bar and order something to drink:\n\n You do not pay immediately after the first drink, because you know that you’re probably going to drink more *(you alcoholic!)*. Therefore, *the balances are only settled (and broadcasted to the blockchain) when you ask for the final bill and pay!*\n\nThis frees users from having to broadcast every single transaction and also diminished the burden and weight of transactions for the blockchain itself.\n\n**KEY FEATURES OF THE NETWORK:**\n\n-\t**Scalability:** tt scales up with number of participants, the more people join, the more efficient it becomes. Channels can connect to other channels and so on, creating a network.\n\n-\t**Speed:** transfers are confirmed within a fraction of a second, thus solving the latency problem of the Ethereum network.\n\n-\t**Privacy:** right now, all of the transactions happening on the blockchain are communicated to every node of the network. Everyone knows what everyone does. While this being an advantage in terms of accountability and transparency, it is also a limit for many businesses. In fact, some of them cannot conduct business on a blockchain because it goes against the privacy regulations. Not all information can be shared publicly. \nInstead, on the Raiden Network single transfers don’t show up in the global shared ledger: only settlements are visible.\n\n-\t**Interoperable:** operates with every ERC20 token.\n-\t**Low Fees:** lower fees than blockchain.\n-\t**Micro-payments:** the low transactions allow tiny values to be transferred.\n\n\n**LIMITATIONS**\n\nThe Raiden Network is *not suitable to large transfers*, due to the extra **cost of opening and managing channels**. In fact, **RDN** need to be locked up, in order to open a payment channel.\n\n**WHY IS IT SO?**\nSimilar to how the [*POS – Casper protocol* works in Ethereum](https://blockgeeks.com/guides/ethereum-casper/), the locked token act as an *insurance agains anyone trying to cheat the network*. If someone wants to attack or disturb the network, the cost of doing so would surely override their benefits or gains. Furthermore, users have the chance of *gaining interests* on the tokens locked up, in the forms of fees for the node being used by the other participants.\n\n\n**WHAT ARE THE USE CASES?**\n\nBy having much lower fees than normal blockchains, the **Raiden Network** allows *new types of business* that were simply impossible to be conducted on the blockchain, due to high fees and unrealistic timeframes. The main use cases for the Raiden network are those where *repeated payments are made on a frequent basis*. The natural use cases are **retail payments**, **peer-to-peer cash transfers**, **micropayments** and **payments for premium content**. Another important use case is that of the *Internet of Things or pay-as-you-go items*. \n\nThe Raiden project has been under development since 2015, thus having more than two years of advantage on similar projects. The project is open for innovation and contribution by third party developers is not only allowed but also encouraged. It really has a massive first-to-market advantage. Also, there is no need to develop similar projects, as developers can simply contribute and improve the Raiden Network. Scaling up Ethereum and implementing the vary *Casper, Zsnarks, POS etc.* will be a very long process, taking years. Raiden represent an immediately solution that can improve the network. The better Ethereum works the better it is for Raiden. \n\nOther scaling solutions proposed for the Ethereum network are:\n\nhttps://steemitimages.com/DQmRbnDVfYNEkDBKWsi3EhaAin2xCfuodm1GEwaQZX9cFhn/Scaling%20Solution.png\n \n\n**THE RDN TOKEN**\n \n![Screen Shot 2017-12-05 at 13.52.43.png](https://steemitimages.com/DQmUjpvGxRZToWogHfLhZvqoaMMsBsvnBpQMZcMJTqbZDdR/Screen%20Shot%202017-12-05%20at%2013.52.43.png)\n\nThe choice of doing an ICO and having a specific token was heavily criticized by users. However, as *Vitalik Buterin* has pointed out..\n\n![Screen Shot 2017-12-05 at 13.30.01.png](https://steemitimages.com/DQmXvQYWxcVXfneeFhwTa1qBpT5DskwTXUzqtZRfXDPb5Ey/Screen%20Shot%202017-12-05%20at%2013.30.01.png)\n \nIn the long term, the choice of having a token ensure them *stable and guaranteed funding to pay for developments* without relying on third parties. Furthermore, the RDN token has an instrumental use on the platform. \nIn fact, tokens will be used to pay and receive fees that will allow the network to function. Not everyone will run a full node and users that do so have to have certain types of incentives. \n**The total supply or RDN tokens is a fixed quantity of 100m**.\n\n**CONCLUSION:**\n\nThe Raiden Network is really *one of the few projects out there that really has a huge adoption potential*. Once operational, it could easily manage **billion of dollars worth of daily transactions**. This token has a really *strong use case *so I personally advice you to research it and if you’re looking for long-term gains, make sure to get some.\n\n**May the blockchain be with you!**",
      "json_metadata": "{\"tags\":[\"blockchain\",\"cryptocurrency\",\"ethereum\",\"bitcoin\",\"raiden\"],\"image\":[\"https://steemitimages.com/DQmYyhe64Qs8znL8RhMAGBujuE35PagBUDK4Hr6CavfsU4m/Raiden%201.jpeg\",\"https://steemitimages.com/DQmRbnDVfYNEkDBKWsi3EhaAin2xCfuodm1GEwaQZX9cFhn/Scaling%20Solution.png\",\"https://steemitimages.com/DQmUjpvGxRZToWogHfLhZvqoaMMsBsvnBpQMZcMJTqbZDdR/Screen%20Shot%202017-12-05%20at%2013.52.43.png\",\"https://steemitimages.com/DQmXvQYWxcVXfneeFhwTa1qBpT5DskwTXUzqtZRfXDPb5Ey/Screen%20Shot%202017-12-05%20at%2013.30.01.png\"],\"links\":[\"https://steemit.com/blockchain/@criptoblog/dispatch-1-a-deeply-undervalued-coin-wetrust-usdtrst\",\"https://lightning.network/\",\"https://blockgeeks.com/guides/ethereum-casper/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
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      "title": "Dispatch #2: Raiden Network, a Scalability Solution for the Ethereum Network"
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      "author": "criptoblog",
      "body": "Halo haloooo!\n\nWelcome to Dispatch #2; in the [first article of this series](https://steemit.com/blockchain/@criptoblog/dispatch-1-a-deeply-undervalued-coin-wetrust-usdtrst) I talked about one of my favourite currencies: **WeTrust ($TRST).**\n\nThis second article will be devolved to another of my favourite picks: **Raiden Network ($RDN)**. A relatively unmarketed project with massive potential in the blockchain ecosystem.\nI will clarify the *scope and the objectives* of the project, as well as laying out the *features, limitations and use cases*.\n\n![Raiden 1.jpeg](https://steemitimages.com/DQmYyhe64Qs8znL8RhMAGBujuE35PagBUDK4Hr6CavfsU4m/Raiden%201.jpeg)\n\n\n**WHAT IS RDN? WHAT’S THE USE CASE?**\n\nWe all know that blockchains are **great and amazing**. But they are still **limited**. *Scalability is one of the biggest problems for the actual architecture of blockchains*. With the increased usage, transfer have become more and more expensive and slow. As of now, the Ethereum network is only able to process around *15 transactions per second*, a pale number, *compared to the over 40,000 that* **VISA** *processes*. Finding a solution to the current scalability problem is among the key challenges to facilitate widespread adoption of blockchains and make them fungible. But don’t worry, **Raiden is here to help you**. \n\nThe Raiden Network is a (work-in-progress) *scaling solution that will enable instant, low fee and scalable payments*, complementary – but not restricted – to the Ethereum blockchain. It is basically the Ethereum version of the [Lighting Network for Bitcoin](https://lightning.network/), a payment network build on top of Ethereum blockchain. It allows trustless, **off-chain** transactions. \n\n**OFF-CHAIN? WHAT?**\n\nYes, you read it right. *Off-chain*.\nThis means that transactions happen in *channels*. **Only settlements are broadcasted on the blockchain, and not each individual transactions**.\nThe easiest example is to imagine yourself going to a bar and order something to drink:\n\n You do not pay immediately after the first drink, because you know that you’re probably going to drink more *(you alcoholic!)*. Therefore, *the balances are only settled (and broadcasted to the blockchain) when you ask for the final bill and pay!*\n\nThis frees users from having to broadcast every single transaction and also diminished the burden and weight of transactions for the blockchain itself.\n\n**KEY FEATURES OF THE NETWORK:**\n\n-\t**Scalability:** tt scales up with number of participants, the more people join, the more efficient it becomes. Channels can connect to other channels and so on, creating a network.\n\n-\t**Speed:** transfers are confirmed within a fraction of a second, thus solving the latency problem of the Ethereum network.\n\n-\t**Privacy:** right now, all of the transactions happening on the blockchain are communicated to every node of the network. Everyone knows what everyone does. While this being an advantage in terms of accountability and transparency, it is also a limit for many businesses. In fact, some of them cannot conduct business on a blockchain because it goes against the privacy regulations. Not all information can be shared publicly. \nInstead, on the Raiden Network single transfers don’t show up in the global shared ledger: only settlements are visible.\n\n-\t**Interoperable:** operates with every ERC20 token.\n-\t**Low Fees:** lower fees than blockchain.\n-\t**Micro-payments:** the low transactions allow tiny values to be transferred.\n\n\n**LIMITATIONS**\n\nThe Raiden Network is *not suitable to large transfers*, due to the extra **cost of opening and managing channels**. In fact, **RDN** need to be locked up, in order to open a payment channel.\n\n**WHY IS IT SO?**\nSimilar to how the [*POS – Casper protocol* works in Ethereum](https://blockgeeks.com/guides/ethereum-casper/), the locked token act as an *insurance agains anyone trying to cheat the network*. If someone wants to attack or disturb the network, the cost of doing so would surely override their benefits or gains. Furthermore, users have the chance of *gaining interests* on the tokens locked up, in the forms of fees for the node being used by the other participants.\n\n\n**WHAT ARE THE USE CASES?**\n\nBy having much lower fees than normal blockchains, the **Raiden Network** allows *new types of business* that were simply impossible to be conducted on the blockchain, due to high fees and unrealistic timeframes. The main use cases for the Raiden network are those where *repeated payments are made on a frequent basis*. The natural use cases are **retail payments**, **peer-to-peer cash transfers**, **micropayments** and **payments for premium content**. Another important use case is that of the *Internet of Things or pay-as-you-go items*. \n\nThe Raiden project has been under development since 2015, thus having more than two years of advantage on similar projects. The project is open for innovation and contribution by third party developers is not only allowed but also encouraged. It really has a massive first-to-market advantage. Also, there is no need to develop similar projects, as developers can simply contribute and improve the Raiden Network. Scaling up Ethereum and implementing the vary *Casper, Zsnarks, POS etc.* will be a very long process, taking years. Raiden represent an immediately solution that can improve the network. The better Ethereum works the better it is for Raiden. \n\nOther scaling solutions proposed for the Ethereum network are:\n\nhttps://steemitimages.com/DQmRbnDVfYNEkDBKWsi3EhaAin2xCfuodm1GEwaQZX9cFhn/Scaling%20Solution.png\n \n\n**THE RDN TOKEN**\n \n![Screen Shot 2017-12-05 at 13.52.43.png](https://steemitimages.com/DQmUjpvGxRZToWogHfLhZvqoaMMsBsvnBpQMZcMJTqbZDdR/Screen%20Shot%202017-12-05%20at%2013.52.43.png)\n\nThe choice of doing an ICO and having a specific token was heavily criticized by users. However, as *Vitalik Buterin* has pointed out..\n\n![Screen Shot 2017-12-05 at 13.30.01.png](https://steemitimages.com/DQmXvQYWxcVXfneeFhwTa1qBpT5DskwTXUzqtZRfXDPb5Ey/Screen%20Shot%202017-12-05%20at%2013.30.01.png)\n \nIn the long term, the choice of having a token ensure them *stable and guaranteed funding to pay for developments* without relying on third parties. Furthermore, the RDN token has an instrumental use on the platform. \nIn fact, tokens will be used to pay and receive fees that will allow the network to function. Not everyone will run a full node and users that do so have to have certain types of incentives. \n**The total supply or RDN tokens is a fixed quantity of 100m**.\n\n**CONCLUSION:**\n\nThe Raiden Network is really *one of the few projects out there that really has a huge adoption potential*. Once operational, it could easily manage **billion of dollars worth of daily transactions**. This token has a really *strong use case *so I personally advice you to research it and if you’re looking for long-term gains, make sure to get some.\n\n**May the blockchain be with you!**",
      "json_metadata": "{\"tags\":[\"blockchain\",\"cryptocurrency\",\"ethereum\",\"bitcoin\",\"raiden\"],\"image\":[\"https://steemitimages.com/DQmYyhe64Qs8znL8RhMAGBujuE35PagBUDK4Hr6CavfsU4m/Raiden%201.jpeg\",\"https://steemitimages.com/DQmRbnDVfYNEkDBKWsi3EhaAin2xCfuodm1GEwaQZX9cFhn/Scaling%20Solution.png\",\"https://steemitimages.com/DQmUjpvGxRZToWogHfLhZvqoaMMsBsvnBpQMZcMJTqbZDdR/Screen%20Shot%202017-12-05%20at%2013.52.43.png\",\"https://steemitimages.com/DQmXvQYWxcVXfneeFhwTa1qBpT5DskwTXUzqtZRfXDPb5Ey/Screen%20Shot%202017-12-05%20at%2013.30.01.png\"],\"links\":[\"https://steemit.com/blockchain/@criptoblog/dispatch-1-a-deeply-undervalued-coin-wetrust-usdtrst\",\"https://lightning.network/\",\"https://blockgeeks.com/guides/ethereum-casper/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}",
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      "title": "Dispatch #1: A deeply undervalued coin, WeTrust ($TRST)"
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      "body": "Halo Halo!\n\nWelcome to the **Dispatch #1**, in this series I will discuss of so-call alt-coins which I believe have notable potential and should not be overlooked. \n\nMany crypto-investors often snob alt-coins, doubting them as **\"shitty coins\"** because *Bitcoin* is the best and bla bla bla.. However, as I have already pointed out in my <a href=\"https://steemit.com/blockchain/@criptoblog/why-bitcoin-is-not-the-best-blockchain\" target=”_blank”>previous article</a>, whilst I believe in *Bitcoin* as the future gold, I do not believe the BTC blockchain is the best one to develop our future blockchain-based society (yes, we'll probably run most of our stuff on blockchain one day- IMHO).\n\nAs a result, whilst most of the <a href=\"https://coinmarketcap.com\" target=”_blank”>1370 cryptocurrencies available</a>  are - indeed - bollocks or redundant, some of them might be widely adopted, as they solve real life problems. This is why I believe that referring to them as alt-coins is fundamentally wrong! There is, in fact, the need to differentiate within them between the ones that are worth investing and considering and the ones that are not. Among the formers, today I'll discuss about <a href=\"https://www.wetrust.io/\" target=\"_blank\">WeTrust</a>.\n\n<center> https://www.coinstaker.com/wp-content/uploads/2017/04/WETRUST.png![](https://steemitimages.com/DQmSPcNVdWfhJEMXD8Z7wkhw6axHbAJDLzReZy2YmBc7CAy/image.png) </center>\n\n\n\n**WeTrust** is a blockchain project with a threefold mission:\n\n*1- Improve financial inclusion on a global scale*\n\n*2- Provide decentralized financial services*\n\n*3- Create transparency that fosters trust*\n\n\nWhilst technology has contributed to revolutionary changes, many people around the world remain *unbanked*, without the possibility to access to credit, vital to improve their current situation. **WeTrust** aims to solve this problem by providing *decentralized and inclusive financial services* **(without the need for third parties)** by leveraging already existing **social capital** and **personal trust networks**. \n\nThe banking and insurance sectors have abused of their monopolistic dominance of the market for too long. They enjoy fat margins and offer undifferentiated products. Furthermore, many people are cut off the financial market because they do not have a good credit history, perpetuating a *vicious cycle of poverty and difficult access to credit*. This is because they do not only provide services and products, but they're the **third party** that make such relationships possible!\n\nWhat *WeTrust* proposes is a system that leverages on the *untapped personal reputation and social ties* possessed by all of us. Their vision is to amplify their strengths in a context that reduces their weaknesses, mainly the **possibility of fraud**, the **scalabity issue** and the **lack of innovation**. \nThis video provides a good overview of their mission.\n\nhttps://www.youtube.com/watch?v=tXqy2-2l8Xg\n\n\n**OK, VERY NICE. BUT HOW ARE THEY GOING TO DO SO?**\n\nThe first product that will be implemented is the so-called **ROSCA** which stands for *Rotating Savings and Credit Associations*. Currently, this system are used by more than 1b people. It is a platform where *trusted associates help one another and where the community can keep the interests generated*. Groups agree on contribution amounts / periods and rules. Following such system it is possible to achieve a **Pareto optimal outcome**, where everybody benefits and nobody is worse off. \n\n**ROSCA** systems leverage community power to provide access to credit and fair rates and to allow small and medium enterprises to get funding that they would otherwise not be able to get. In addition, such systems also also empower females and minorities, giving them financial freedom and the possibility to become financially independent. \n\nhttps://www.youtube.com/watch?v=x9XTFvLCn4U\n\n**THE ROADMAP**\n\n\nI've been participating in their Slack channel for a while now and the groups is really serious. Rarely have I seen such a good and constructive community. The reason why you probably haven't heard of this coin is because the team does not wish to hype it before having a functioning program, which I find really respectful in a space where **it usually happens the opposite....**\n\nThey're getting close to release their **BETA**. On the *30th of November* they'll release a beta for whitelisted users and on *mid-december* they'll release a beta available for the public.\n\nTheir final project is to build a system that works with people being unaware of using cryptos. They'll eventually be able to create *credit scores based on user history and on the quality of user's behaviour on the platform.*\n\nhttps://www.youtube.com/watch?v=viUFZTV2ZzE\n\n**THE TEAM**\n\nThis is a five star team, figuring *ex-Googlers and McKinsey consultants* with lots of expertise in both the blockchain and the insurance sector.\nI'll leave the link here, you can check the team for yourself: https://www.wetrust.io/#team\n\nFurthermore, among their advisors figures **Vitalik Buterin**, the founder of Ethereum and one of the most appreciated personalities in the crypto space. \n\n**THE COIN**\n\nThere are *92 million TRST coins*.  As of today, the price per coin is of **0.39  USD and the Market Capitalization is 36million**. I believe that for the magnitude of the project the coin is extremely undervalued. You can take a look at this data <a href= \"https://coinmarketcap.com/currencies/trust/\" target=”_blank”>here</a>. \n\nI believe in the project and I did not invest in this coin to speculate on short term gains. I believe the long term potential is huge and I'm more than glad to be able to support this project.\nIf you wish to invest please do your own research and do not take my word as it is. \n\nIn the next *Dispatch*, I'll actually focus more on **trading** by providing you with the Top 5 of my favourite alt coins at the moment! Follow my blog to be updated  and feel free to comment with feedbacks or advices for the next articles.\n**Do you like the concept of WeTrust? Will you support their project?**\n\nThanks again for taking the time to read and...\n\n**May the blockchain be with you!**",
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      "body": "Halo Halo!\n\nWelcome to the **Dispatch #1**, in this series I will discuss of so-call alt-coins which I believe have notable potential and should not be overlooked. \n\nMany crypto-investors often snob alt-coins, doubting them as **\"shitty coins\"** because *Bitcoin* is the best and bla bla bla.. However, as I have already pointed out in my <a href=\"https://steemit.com/blockchain/@criptoblog/why-bitcoin-is-not-the-best-blockchain\" target=”_blank”>previous article</a>, whilst I believe in *Bitcoin* as the future gold, I do not believe the BTC blockchain is the best one to develop our future blockchain-based society (yes, we'll probably run most of our stuff on blockchain one day- IMHO).\n\nAs a result, whilst most of the <a href=\"https://coinmarketcap.com\" target=”_blank”>1370 cryptocurrencies available</a>  are - indeed - bollocks or redundant, some of them might be widely adopted, as they solve real life problems. This is why I believe that referring to them as alt-coins is fundamentally wrong! There is, in fact, the need to differentiate within them between the ones that are worth investing and considering and the ones that are not. Among the formers, today I'll discuss about <a href=\"https://www.wetrust.io/\" target=\"_blank\">WeTrust</a>.\n\n<center> https://www.coinstaker.com/wp-content/uploads/2017/04/WETRUST.png![](https://steemitimages.com/DQmSPcNVdWfhJEMXD8Z7wkhw6axHbAJDLzReZy2YmBc7CAy/image.png) </center>\n\n\n\n**WeTrust** is a blockchain project with a threefold mission:\n\n*1- Improve financial inclusion on a global scale*\n\n*2- Provide decentralized financial services*\n\n*3- Create transparency that fosters trust*\n\n\nWhilst technology has contributed to revolutionary changes, many people around the world remain *unbanked*, without the possibility to access to credit, vital to improve their current situation. **WeTrust** aims to solve this problem by providing *decentralized and inclusive financial services* **(without the need for third parties)** by leveraging already existing **social capital** and **personal trust networks**. \n\nThe banking and insurance sectors have abused of their monopolistic dominance of the market for too long. They enjoy fat margins and offer undifferentiated products. Furthermore, many people are cut off the financial market because they do not have a good credit history, perpetuating a *vicious cycle of poverty and difficult access to credit*. This is because they do not only provide services and products, but they're the **third party** that make such relationships possible!\n\nWhat *WeTrust* proposes is a system that leverages on the *untapped personal reputation and social ties* possessed by all of us. Their vision is to amplify their strengths in a context that reduces their weaknesses, mainly the **possibility of fraud**, the **scalabity issue** and the **lack of innovation**. \nThis video provides a good overview of their mission.\n\nhttps://www.youtube.com/watch?v=tXqy2-2l8Xg\n\n\n**OK, VERY NICE. BUT HOW ARE THEY GOING TO DO SO?**\n\nThe first product that will be implemented is the so-called **ROSCA** which stands for *Rotating Savings and Credit Associations*. Currently, this system are used by more than 1b people. It is a platform where *trusted associates help one another and where the community can keep the interests generated*. Groups agree on contribution amounts / periods and rules. Following such system it is possible to achieve a **Pareto optimal outcome**, where everybody benefits and nobody is worse off. \n\n**ROSCA** systems leverage community power to provide access to credit and fair rates and to allow small and medium enterprises to get funding that they would otherwise not be able to get. In addition, such systems also also empower females and minorities, giving them financial freedom and the possibility to become financially independent. \n\nhttps://www.youtube.com/watch?v=x9XTFvLCn4U\n\n**THE ROADMAP**\n\n\nI've been participating in their Slack channel for a while now and the groups is really serious. Rarely have I seen such a good and constructive community. The reason why you probably haven't heard of this coin is because the team does not wish to hype it before having a functioning program, which I find really respectful in a space where **it usually happens the opposite....**\n\nThey're getting close to release their **BETA**. On the *30th of November* they'll release a beta for whitelisted users and on *mid-december* they'll release a beta available for the public.\n\nTheir final project is to build a system that works with people being unaware of using cryptos. They'll eventually be able to create *credit scores based on user history and on the quality of user's behaviour on the platform.*\n\nhttps://www.youtube.com/watch?v=viUFZTV2ZzE\n\n**THE TEAM**\n\nThis is a five star team, figuring *ex-Googlers and McKinsey consultants* with lots of expertise in both the blockchain and the insurance sector.\nI'll leave the link here, you can check the team for yourself: https://www.wetrust.io/#team\n\nFurthermore, among their advisors figures **Vitalik Buterin**, the founder of Ethereum and one of the most appreciated personalities in the crypto space. \n\n**THE COIN**\n\nThere are *92 million TRST coins*.  As of today, the price per coin is of **0.39  USD and the Market Capitalization is 36million**. I believe that for the magnitude of the project the coin is extremely undervalued. You can take a look at this data <a href= \"https://coinmarketcap.com/currencies/trust/\" target=”_blank”>here</a>. \n\nI believe in the project and I did not invest in this coin to speculate on short term gains. I believe the long term potential is huge and I'm more than glad to be able to support this project.\nIf you wish to invest please do your own research and do not take my word as it is. \n\nIn the next *Dispatch*, I'll actually focus more on **trading** by providing you with the Top 5 of my favourite alt coins at the moment! Follow my blog to be updated  and feel free to comment with feedbacks or advices for the next articles. **Do you like the concept of WeTrust? Will you support their project?**\n\nThanks again for taking the time to read and...\n\n**May the blockchain be with you!**",
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      "body": "The hype around blockchain is real. \nWhat was initially regarded as another tool for geeks and nerds is slowly asserting its role in the contemporary society. Mainly pushed by the incredible rise of the price of **Bitcoin**, more and more people are trying to get into this gold rush. \nHowever, many are interested in the technology and what it can provide to our *ever-changing society*. Many blockchain-based applications and projects are blossoming, some of them with the potential to disrupt and improve the current way of running our world.\n**Finance** and **economics** are obviously the first applications that come to mind, allowing for the decentralization and the freedom to conduct transactions *without the need for intermediaries*. \nHowever, this is only the tip of the iceberg. \n \n![](https://steemitimages.com/DQmP1oSF2Lod228vQqGWGBhHQ9pYuNLBypjbPPT6cDFFqsc/image.png)\n\nOther applications worth mentioning are:\n**-Healthcare**\n**-Music and Art**\n**-Government and Identity**\n**-Insurance**\n**-Sharing Economy**\n**-Internet of Things**\n**-Loyalty programs**\n\nReally interesting, for sure. I advise you to research the possible ramifications by yourself. \nThe aim of this article, however, is to focus on the *social impact* that such diversified applications can have. I believe that they can fundamentally alter our current way of running our society. Blockchain can be what **Kuhn** (1962) describes as a paradigm shift: *“a fundamental change in the basic concepts and experimental practices of a scientific discipline”*. Of course, as he also argues, this is an intrinsically revolutionary process that requires huge efforts and seldom happens overnight.\n**What will the impact be?**\nLet’s start by laying down some of the principles governing our current world!\n\n**THE CURRENT WAY OF DOING STUFF**\nAllow me to speculate on the current tenants on which our society is based. This article is further from the final truth you’re looking for, but I wish to stress certain points that I believe are important. The arguments made in this article are extreme, I know, and some of them are hard to back at the moment, given the current level of development of blockchain-based solutions.\n \n ![](https://steemitimages.com/DQmWn8LbrpYx7ew4DFAgT3kYVMNk3edmwL2Cjx35N7D7XX1/image.png)\n\nOurs is cruel world, a *pseudo-Darwinian* product where only the fittest survive. Life is hard and the majority of people are squeezed by the relentless pressure of bills and of being able to provide for their family. This has unleashed a race to the top, where financial prosperity seems to be the only solution for our problems. **Individualism** prevails: we don’t have time to get to know each other and to waste precious hours in unproductive activities. Resources are scarce, why should we think about other people’s well-being? We can barely make it ourselves!\n\nThe system as a whole is built to favour so; and really, I don’t blame people for acting like this! It is not their fault, scarcity and economic pressure are undeniably having a huge influence on their behaviour.\nWe really live in a *zero-sum-game world*, a society in which each participant’s gain or loss is balanced by the losses or gains or the utility of other participants. The most beautiful and complicated creation, man, is often reduced as a selfish actor who strives to maximize its utility, regardless of the others. \n\n![](https://steemitimages.com/DQmTS7w4RJA4mYFCooJNdJ466QbTxNqfc8nr9wAoPytyXEx/image.png)\n\n**WHAT CAN BLOCKCHAIN DO?**\n\nWhile I do not believe that blockchain is the *final* solution to all of our problems, for the first time in recent history – after the internet - we are witnessing the development of a tool that could change the *underlying architecture of our society*. The dynamics put in place by this technology could have a much greater impact that to just replace banks or decentralize our economy. Whilst no one knows how or to what extend the development of this technology will affect our society, this article adopts an extreme standpoint: **namely that blockchain technology will lead to a full-blown paradigm shift**. \n\n*It could fundamentally reduce the ever growing individualism experience by western society and move our society towards a more trusting and egalitarian society.* \n\n**How will it do so?** Simply by prizing good behaviour. \nBlockchain enables us to radically expand the range of areas in which we can successfully apply incentives for good behaviour. This subject is called mechanisms design, dedicated to studying how it is possible to design incentives to have actors behave in socially desirable way. <a href=\"https://medium.com/blockchannel/a-crash-course-in-mechanism-design-for-cryptoeconomic-applications-a9f06ab6a976\" target=”_blank”>This</a> articles does a much better job at explaining it, I will only use this concept instrumentally, in order to make my argument. \n\nBy having clear the desirable outcomes we wish to attain, we can work to design incentives that can be instrumental to drive actors to behave towards those outcomes. I know, it sounds abstruse and complicated, but it is not. What I am really talking about is a system that shifts away from the **zero-sum-game and the common win-lose situation**, to a more appropriate **win-win situations**, where actors can cooperate in order to attain common goals and thus benefits. We either win or lose together. \n\n ![](https://steemitimages.com/DQmbu4bBoFWCtbzK3MxbkvJeqwXhomSiKpenmH7FQ1iHqwi/image.png)\n\nBy putting the appropriate incentives in place, we can build a system that rewards good behaviour. We need to evolve into an *anti-Darwinian* society, where people cooperate to attain common goals and where they all manage to benefit. Cryptoeconomic systems are fundamentally new ways to do so, and their potential is massive. \nLet’s not get into the rational/not-rational man discussion, we don’t really care about formalities or scientific debates. What we know for sure is that such systems will be an important step to make people behave in desired way. By doing so, people will be able to catch two birds with one stone: getting rewarded for good behaviour and also contributing to the greater good of our society.\n\n**HARD TO GRASP?**\n\nA practical example can be the actual working of charities: we often have to go through complicated bureaucratic organizations in order to help the less fortunate. Furthermore, we do not know where our money goes and the impact it has. We don’t have a link to those we help and we often think that it is enough to give money away, in order to put our conscience at rest and sleep happily. With blockchain we *would not need such intermediaries anymore;* you could directly help people to have a loan or to build wells and schools. You could have a say in how the money is spent and you could audit that your money is not wasted, while at the same time getting a – fair - return on your loan. Furthermore, you could gain points for being a nice guy and helping other people’s lives.\n\nAnother example could regard cars on a highway. If I’m in a hurry and need to speed up, I could pay you tokens to ask if you can move on the other lane, so that I can arrive on time.\nThese are really small examples and they do not allow us to grasp the full extent to which such incentives can be applied.\n\n**CONCLUSION..**\n\nUnfortunately, most of the claims I’m currently making are extreme and they cannot be fully backed, as the technology doesn’t allow so. \nHowever, I am fully confident that the future will look much more different that our current reality.\nSlowly and implicitly blockchain can *revolutionize the way we deal with each other*. It can move us away from our ego and from our indifference towards others. It can lead us to a world where sharing economy is not only a hipster term for *Silicon Valley entrepreneurs*, but rather a way of living. \nWhat’s best? Nobody has nothing to lose in doing so! \nWhat do you think? Do you agree?\n\n\n**DISCLAIMER:** *The implications are much bigger and this article is far from complete. However, I hope to have sparked interesting thoughts in your mind! If you have any other implications that you believe I should add to this article, feel free to comment below! Your opinion is fundamental and even small feedback can really help me out.*\n\n\n**May the blockchain be with you!**",
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      "body": "![Bitcoin_UHD.jpg](https://steemitimages.com/DQmZM5Wdg9NPTStWqx9XDCFwWP6jXe6aYTeaPSM9ootvtRb/Bitcoin_UHD.jpg)\n\nWho hasn't heard of *Bitcoin* during the last month?\nThe first cryptocurrency to become famous and to make soooo many millionaires.\n\nIt slightly reminds me of the **gold-rush** during the 19th century, where everyone was leaving with a pickaxe on their shoulder, looking for a life-changing discover; nowadays, people are throwing cash in this digital currency - most of them, I must say, without understanding its fundamentals -  hoping to become millionaire.\n\nDuring the last month, resulting from the continuous acceptance in the media and two upcoming forks (https://www.coindesk.com/short-guide-bitcoin-forks-explained/), the currency has reached 7300$ from a bit more than 4300$ at the beginning of October. \n\n![Screen Shot 2017-11-03 at 13.59.10.png](https://steemitimages.com/DQmUhyC3Fb3JqzcN4WC3CBWLZQPax2k15QR4jSzWkhhuyPS/Screen%20Shot%202017-11-03%20at%2013.59.10.png)\n\nThe *Bitcoin* community on the Internet is partying and remarking that *\"they've always known\"* and that the *\"limit is the moon\"*. \n\nHowever, I am not sure how **Satoshi Nakamoto** would react on this enthusiasm. \nI'm gonna express an unpopular opinion here, bear with me. \n\nThe main reason why Satoshi created *Bitcoin* was to *\"decentralize trust\"* and allow\n *\"online payments to be sent directly from one party to another without going through a\nfinancial institution\"*.  I am pretty sure he did not just want to create yet another speculation vehicle \n(for those who haven't read his paper: https://bitcoin.org/bitcoin.pdf). \n\nHere are my two cents on what's happening right now: \nI believe that *Bitcoin* is experiencing such growth because of its brand and because it has been the first crypto. \nHowever, while it is undoubtedly a good investment and speculation vehicle, I do not believe that the future of our financial system will be built on top of it, for several reasons.\n\n*1. The system is slow and it is really difficult to improve and to scale - funny enough, due to its consensus mechanism, which is also its main advantage. The frequent occurring forks are exactly the representation of this problem.*\n\n*2. The community is divided and *toxic*. The original cyberpunk community has been infiltrated by wanna-be millionaires and by everyone who saw *Bitcoin* as just the best investment of their lives. Having discussion is increasingly more difficult and what is good for the community is often secondary to individuals' self- interest.*\n\n*3. Bad tech: the POW algorithm in the protocol is simply not efficient enough. While this could have been a solution in 2008, when Satoshi released its paper, it cannot sustain the growth of *Bitcoin*.*\n\nThese are among the main reasons why I believe that, while *Bitcoin* is the best source of saving and will be the **new gold** in the future, it is not the best blockchain and will not really contribute to what Satoshi wanted to achieve. Just like any first entrant in a market, it is not easy to retain market leadership, eventually newcomers will penetrate, with better and faster technology.\n\nHowever, on the positive side, the creation of *Bitcoin* has given rise to the **Blockchain** sector and to many more cryptocurrencies (over 1000 at the moment). While most of them are redundant and useless, some others bring notable improvements and you will - most likely - use them in the future. \n\nExamples of what I believe are improvements of the *Bitcoin* protocol and blockchains that will retain an important spot in the decentralization of our world are: *Ethereum, IOTA, Monero, ZCash.* \nI won't explain their technicalities or the reasons why I believe so, I'll leave the pleasure to you.\n\nThe blockchain era is just starting. We are only at the beginning of a new paradigm. \nAt the moment, everything is about the **hype** of this new technology, because the actual products haven't been released yet. \n\nI imagine a future where there will be hundreds of cryptos, each one fulfilling their specific roles, whilst based on some \"network-type\" blockchains (like Ethereum). \nIn this future, *Bitcoin* will probably be too expensive for any normal human being to own and all of the other cryptos will probably be pegged to it - just like they are to the **US dollar** nowadays.\n\nPlease don't misunderstand this post, I'm not arguing against *Bitcoin*. \nOne way of another, it will succeed. \nI'm just expressing my opinion about its place in the new blockchain world.\n\nFeel free to disagree or agree in the comment section: that's what blockchain is about, contribution and discussion among all of the participants in the network.\n\nMay the blockchain be with you.",
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