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      "parent_permlink": "ico",
      "author": "cryptozio",
      "permlink": "a-brief-look-at-relictum-pro",
      "title": "A Brief Look at Relictum Pro",
      "body": "<center>![](https://i.imgur.com/BOshSAH.png)</center>\nRelictum is a hyper-modern blockchain that claims to be a 100% percent reliable electronic data circulation environment. The developers tout it as an endless registry that can facilitate over 80% percent of a person’s activities. \n\nAccording to Relictum’s whitepaper, the blockchain platform can be used with a wide variety of clients, from thin all the way up to quantum computers, encompassing all processers and workstations in between. \n\nThe more notable point of Relictum Pro is the mention of dynamic blocks. It is a system of event formalization that uses dynamic blocks, as well as the standard blocks on the chain. This allows for a universe of new possibilities, including bringing four-dimensional event formalization into reality. \n\n<center>![](https://i.imgur.com/DKiFMgK.png)</center>\n\nThese smart contracts are part of an endless registry system that can describe any aspect of a person’s life, from what purchases they make, maintaining copyright, interacting with legal entities, and record-keeping logistics. This includes transactions that are self-executing in various fields. \n\nBlockchains remember everything, which makes Relictum Pro an opportunity for one to get a full portrait of them as a person, including how much money they spend, what they listen to, what shows they watch, etcetera. \n\nAs it stands, modules and smart contracts have, in fact, been developed, and the platform is in the middle of full-scale testing. The testing has managed to reach 100,000 transactions per second, but the predicted network performance is 1,000,000 transactions per second. \n\nRelictum Pro also claims to include inhouse biometric face recognition, which can generate a permanent and unique hash for a person. A person's hash is taken with SecureCall and a password using a DTMF signal during a call.\n\n<center>![](https://i.imgur.com/5jEA8WP.png)</center>\n\nThe Relictum Pro project is unlike anything we have seen in the crypto space currently. It is undoubtedly ambitious if nothing else. It certainly stands to fix some authentic and concerning problems that people have with crypto, but it does seem to come with some of its own. \n\nThe main point of contention that we feel is related to the very technology that Relictum considers its selling point. The whole core premise of crypto is to de-centralize the powers that be. It was this principle that crypto was first created with the aim of taking control from the banks. \n\nThe idea of a blockchain platform like Relictum, therefore, creates an exciting contradiction where you have the centralization and accumulation of areas of a particular person’s life, in an industry very much concerned with the opposite of that. \n\nCombine this face with the implementation of the biometric face recognition, and then you have a case for some severe and genuine conversations to be carried out about the implications of this technology on the privacy of its users. \n\nHaving voiced that concern, the technology at play here is still incredibly impressive if it can be developed and implemented as outlined in the whitepaper. It has reached 13,000 members as of writing, and that number is growing by the thousands each week, so It is undoubtedly a project that is worth keeping an eye on, in any case. \n\nYou can follow the Relictum Pro project on [Medium](https://medium.com/@relictumpro), [Telegram](https://t.me/Relictum_Pro_Official), or on the official Relictum [website](https://relictum.pro/). In addition you can read Relictum’s [whitepaper](https://relictum.pro/cabinet/docs/whitepaper_en.pdf)",
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      "title": "A Brief Introduction to Cowrie Coin",
      "body": "<center>![](https://i.imgur.com/q4D7q3T.png)</center>\nAccording to its whitepapers, Cowrie Coin is a blockchain project being developed around the idea of helping small and medium enterprises adopt blockchain solutions in order to reach a broader customer base. \n\n<b>The Features of Cowrie Coin</b>\n\nThe project consists of two major parts that make up a larger decentralized exchange that the developers are calling CowDEX. There is a crypto transfer solution named ErrandBoy in place for fiat currencies, and an artificial intelligence crypto stability solution for the coin native to the platform, the aforementioned Cowrie Coin. \n\nAll devices taking advantage of the technology are to be directly linked to the Cowrium pay module. This gives users access to the typical features of a financial system, including withdrawals and deposits, the ability to request Cowrium debit or credit cards, and more. There is an aim to have ATMs, POS systems, and card readers distributed worldwide to work within the Cowrium network. This aspect of the technology is to be supported by entities separate from the Cowrium foundation. \n\nIn an effort to bolster the project's ability to maintain self-sufficiency, the team aims to introduce a Governance feature to the network. This feature allows masternode holders to create events, bounties, and more based on the interest of their community. This technology isn't original, as it has been used in the likes of Dash, but it is a nice inclusion.\n\nThere is a loyalty/referral system native to the system that can be taken advantage of by both merchants and consumers. The hope is that this encourages people to share and entice their social circles to the Cowrium network, in exchange for rewards.\n\nThat's what we've gathered from the whitepaper, but the development does present the features of the project in a handy bulleted list:\n\n•\tMulticurrency platform that allows ICOs to accept payment in any cryptocurrency of their choice. \n\n•\tMulticurrency payment system allowing customers and merchants to make or receive payments via Cowrium software. \n\n•\tA wide range of plug-ins and APIs that can be integrated with e-commerce services.\n\n•\tCustom HTML APIs\n\n•\tMobile POS app that allows merchants to receive cryptocurrency payments on their smartphone. \n\n•\tPresence of a multicoin browser and mobile wallet. \n\n•\tPhysical prepaid debit card.\n\n•\tSmart contact library that ensures maximum security when it comes to transactions. \n\n•\tAtomic swap, a built-in feature that allows the swapping of cryptocurrency without the need for a third party. \n\n•\tAn intelligent pooling system to prevent delays to transactions. \n\n•\tHyperblock technology to provide better performance, and the need for less RAM. \n\n•\tEnterprise private contracts. \n\n•\tSupport for several cryptographic algorithms. \n\n•\tThe ability to schedule and set up recurring payments. \n\n•\tAn instasend payment technology that allows the instant and seamless transfer of funds between parties. \n\n•\tSmart contract interaction between child chains.  \n\n<b>Benefits of the Cowrium System</b>\n\nThe whole focus group of the Cowrium project is SMEs or small-medium enterprises. It targets smaller businesses and aims to provide them with the means of integrating themselves with cryptocurrency technology and taking advantage of the current evolution in the market. It is a noble goal, but whether it is for real remains to be seen. \n\nRegardless, the Cowrium project has been designed to allow customers to easily make cryptocurrency transactions in their day-to-day lives, and for businesses to accept cryptocurrency payments in a coin of their choice. The idea of a crypto-card isn't new, but it has yet to see mainstream attraction. Personally, we think that Revolut is going to be the first one to accomplish that feat.  \n\nThe whitepaper puts heavy emphasis on the loyalty program when talking about the user benefits that it offers. Nearly exclusively, in fact. Instead of hammering home what is ultimately a novelty in the grand scheme of things, there should be a focus on the actual business benefits to small entrepreneurs if they adopt this technology. \n\nThe whole benefits section of the whitepaper raises a red flag. One particular paragraph of it explains the ability for the Cowrium software to handle multiple apps, users, and websites as it being designed robustly. Crypto whitepapers are often abstract in the wording used, but that is a bit too loose. \n\n<b>The Future of the Cowrie Coin Project</b>\n\nThe development team behind the project seem to have precise insight into the history and development of currency throughout history and are aiming to help push the next phase of economic evolution into the present. Their lofty goals and ideals aren't just centered around growth, though, as the team's Cowrium network aims to be an entirely new economic system based on blockchain technology. \n\n<b>What We Think</b>\n\nCryptocurrency and alternative banking solutions are the future. People are less and less happy with the powers given to major mainstream banking giants, and the polarizing success of Revolut with a mainstream audience is testament to that, so attempting to make the technology easy to adapt for small businesses is both a worthy goal and one with genuine application and potential. \n\nThat being said, the scope that is being proposed for a project of this scale is questionable. There is an attempt to almost whip up a bit of an economic revolution, with the mention of Cowrium ATMs and POS systems. In our opinion, this is an unreasonable aim.\n\nRather than focusing so broadly on creating your typical blockchain solution with a bit of personality splashed in there, it would serve the team better to truly home in on that small business aspect of the project. The POS app to receive payments is a great idea, provided it is adapted to work with a large variety of crypto cards out there, and that there is a reason to use it over other card readers on the market. \n\nRegardless of what we think, you should make your mind up for yourself. You can read the whitepaper [here](https://www.cowrium.net/cowrium-whitepaper.pdf), and check out Cowrium's [Facebook](https://www.facebook.com/cowrium/), [Twitter](https://twitter.com/cowrium/), [Medium](https://medium.com/@cowrietoken), and [website](https://www.cowrium.net).",
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      "title": "A Brief Introduction to Cowrie Coin",
      "body": "<center>![](https://i.imgur.com/q4D7q3T.png)</center>\nAccording to its whitepapers, Cowrie Coin is a blockchain project being developed around the idea of helping small and medium enterprises adopt blockchain solutions in order to reach a broader customer base. \n\n<b>The Features of Cowrie Coin</b>\n\nThe project consists of two major parts that make up a larger decentralized exchange that the developers are calling CowDEX. There is a crypto transfer solution named ErrandBoy in place for fiat currencies, and an artificial intelligence crypto stability solution for the coin native to the platform, the aforementioned Cowrie Coin. \n\nAll devices taking advantage of the technology are to be directly linked to the Cowrium pay module. This gives users access to the typical features of a financial system, including withdrawals and deposits, the ability to request Cowrium debit or credit cards, and more. There is an aim to have ATMs, POS systems, and card readers distributed worldwide to work within the Cowrium network. This aspect of the technology is to be supported by entities separate from the Cowrium foundation. \n\nIn an effort to bolster the project's ability to maintain self-sufficiency, the team aims to introduce a Governance feature to the network. This feature allows masternode holders to create events, bounties, and more based on the interest of their community. This technology isn't original, as it has been used in the likes of Dash, but it is a nice inclusion.\n\nThere is a loyalty/referral system native to the system that can be taken advantage of by both merchants and consumers. The hope is that this encourages people to share and entice their social circles to the Cowrium network, in exchange for rewards.\n\nThat's what we've gathered from the whitepaper, but the development does present the features of the project in a handy bulleted list:\n\n•\tMulticurrency platform that allows ICOs to accept payment in any cryptocurrency of their choice. \n\n•\tMulticurrency payment system allowing customers and merchants to make or receive payments via Cowrium software. \n\n•\tA wide range of plug-ins and APIs that can be integrated with e-commerce services.\n\n•\tCustom HTML APIs\n\n•\tMobile POS app that allows merchants to receive cryptocurrency payments on their smartphone. \n\n•\tPresence of a multicoin browser and mobile wallet. \n\n•\tPhysical prepaid debit card.\n\n•\tSmart contact library that ensures maximum security when it comes to transactions. \n\n•\tAtomic swap, a built-in feature that allows the swapping of cryptocurrency without the need for a third party. \n\n•\tAn intelligent pooling system to prevent delays to transactions. \n\n•\tHyperblock technology to provide better performance, and the need for less RAM. \n\n•\tEnterprise private contracts. \n\n•\tSupport for several cryptographic algorithms. \n\n•\tThe ability to schedule and set up recurring payments. \n\n•\tAn instasend payment technology that allows the instant and seamless transfer of funds between parties. \n\n•\tSmart contract interaction between child chains.  \n\n<b>Benefits of the Cowrium System</b>\n\nThe whole focus group of the Cowrium project is SMEs or small-medium enterprises. It targets smaller businesses and aims to provide them with the means of integrating themselves with cryptocurrency technology and taking advantage of the current evolution in the market. It is a noble goal, but whether it is for real remains to be seen. \n\nRegardless, the Cowrium project has been designed to allow customers to easily make cryptocurrency transactions in their day-to-day lives, and for businesses to accept cryptocurrency payments in a coin of their choice. The idea of a crypto-card isn't new, but it has yet to see mainstream attraction. Personally, we think that Revolut is going to be the first one to accomplish that feat.  \n\nThe whitepaper puts heavy emphasis on the loyalty program when talking about the user benefits that it offers. Nearly exclusively, in fact. Instead of hammering home what is ultimately a novelty in the grand scheme of things, there should be a focus on the actual business benefits to small entrepreneurs if they adopt this technology. \n\nThe whole benefits section of the whitepaper raises a red flag. One particular paragraph of it explains the ability for the Cowrium software to handle multiple apps, users, and websites as it being designed robustly. Crypto whitepapers are often abstract in the wording used, but that is a bit too loose. \n\n<b>The Future of the Cowrie Coin Project</b>\n\nThe development team behind the project seem to have precise insight into the history and development of currency throughout history and are aiming to help push the next phase of economic evolution into the present. Their lofty goals and ideals aren't just centered around growth, though, as the team's Cowrium network aims to be an entirely new economic system based on blockchain technology. \n\n<b>What We Think</b>\n\nCryptocurrency and alternative banking solutions are the future. People are less and less happy with the powers given to major mainstream banking giants, and the polarizing success of Revolut with a mainstream audience is testament to that, so attempting to make the technology easy to adapt for small businesses is both a worthy goal and one with genuine application and potential. \n\nThat being said, the scope that is being proposed for a project of this scale is questionable. There is an attempt to almost whip up a bit of an economic revolution, with the mention of Cowrium ATMs and POS systems. In our opinion, this is an unreasonable aim.\n\nRather than focusing so broadly on creating your typical blockchain solution with a bit of personality splashed in there, it would serve the team better to truly home in on that small business aspect of the project. The POS app to receive payments is a great idea, provided it is adapted to work with a large variety of crypto cards out there, and that there is a reason to use it over other card readers on the market. \n\nRegardless of what we think, you should make your mind up for yourself. You can read the whitepaper [here](https://www.cowrium.net/cowrium-whitepaper.pdf), and check out Cowrium's [Facebook](https://www.facebook.com/cowrium/), [Twitter](https://twitter.com/cowrium/), [Medium](https://medium.com/@cowrietoken), and [website](https://www.cowrium.net).",
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