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      "body": "Hello **Cryptoworld**,\n\nThis is **Satish** from **India**.\n\nToday I would like to write a deep review on **Seele (Blockchain 4.0)**.\n\n![Screenshot_2018-06-21-17-40-53-026_com.android.chrome.png](https://cdn.steemitimages.com/DQmQ37CeW5SyD4AUTGHnMuiLED5m74xvM6EXRZA83FrjZzc/Screenshot_2018-06-21-17-40-53-026_com.android.chrome.png)\n\n\nIn the recent days, we are hearing a word **Blockchain** and **Bitcoin** from so many people and from all over the world. Everyone wants to know why it is getting a lot of importance and what it makes a lot of buzz on the internet? \n\nThe Blockchain technology is a revolutionary emerging tech which comes into existence through **Satoshi Nakamoto** by introducing **Bitcoin (Blockchain 1.0)**. Bitcoin is getting popular and more valuable because of its underlying blockchain technology which can make transactions on peer to peer basis without any intermediaries like Banks and Financial Institutions in a secured way with POW consensus algorithm. later in 2015, A smart mind named **Vitalik Buterin** introduced *Smart contracts* with a combination of *Blockchain technology* as **Ethereum Platform (Blockchain 2.0)** as a Super global computer where the developers can build Dapps on top of the platform like how we have apps from Google play store and IOS store. In the initial days of Ethereum, there are only a few Dapps created on top of this platform and everything went smoothly. Later when Ethereum getting popular through ICOs for fundraising their startups and Dapps like Cryptokitties game is getting a lot of traffic due to its popularity, at that time Ethereum is fully clogged with a number of transactions pending to confirm in the blockchain because of Ethereum can process only 10 to 15 tx/second. That reveals the need for high Tx/second within the blockchain ecosystem. From thereafter lot of projects like **EOS, Zilliqa, Dfinity (Blockchain 3.0)** are started working to solve the Tx/second with *sharding and sidechains, DAG technology* and with different consensus algorithms like *PoS, pBFT, DPoS*,  but all of these are having deficiency in security, decentralisation, power consumption, fault tolerance and many more. \n\nApart from these to make Blockchain technology into real mainstream adoption and to make it useful for large enterprise applications, it needs to solve a lot of challenges like *privacy, security, integration with traditional systems and different blockchains and easy tools for developers to build Dapps on platform*.\n\n\n![39178539354_27ab6f9b89_h.jpg](https://cdn.steemitimages.com/DQmcPwV5JtxUHcU7SmwkBoeDDXHfS3aiQduS8Q84n3mNMK1/39178539354_27ab6f9b89_h.jpg)\n\n\nTo allow large enterprises to meet blockchain technology seamlessly and to make Blockchain technology into mainstream adoption **Seele (Blockchain 4.0)** comes with innovative features like *Neural consensus algorithm, Heterogenous forest network*, and introducing various protocols at basic level from scratch like *VTP*(Value transport protocol), *QVIC*(Quick value internet connection), *VHTTPS* (Value hypertext transfer protocol), 'Storage and Computing sharing'. Through these features eliminating weakness in the blockchain structure to make it strong and more widespread adoption all over the world and ultimately transforming the communication-based internet into Value internet.\n\nSeele is aiming to disruptive and trying to reach the peak value of internet through its various innovations in Blockchain technology. I will explain the innovations made by Seele in depth below\n\n\n1 **Neural Consensus Algorithm**\n\nThis Neural consensus Algorithm is proposed with the inspiration of \"human brain\". We all know that how the human brain is effective and efficient in terms of taking actions and reacting to the actions immediately with the complex network of huge neurons. Our brain works based on three principles. \n\n![IMG_20180621_173145.jpg](https://cdn.steemitimages.com/DQmR4wGWWVFUbsRGpgTpRjnpd9xConJtnwLoyvpM3bmr3WD/IMG_20180621_173145.jpg)\n\n\n i) *Feedback Excitation* - our neurons try to improve their performance from the feedback of previous actions.\n\n ii) *Neural tree* - Neurons speak to other neurons which are around that neurons and then the neurons which had information will pass to the other near neurons. With this, the information passes to entire neurons in a blink of second and forming tree like a structure.\n\n iii) *Probabilistic consistency* - when neurons are working together in a collaborative manner we get a stable observation and statistically the result will be consistently same when they repeatedly have the same process. \n\nWith the above principles, Seele team developed **E - differential agreements (EDA)** as consensus algorithm for the Seele Blockchain.\n\n\n![IMG_20180621_173024.jpg](https://cdn.steemitimages.com/DQma8kcTyM5i6vL5wH8sR7TQAxNfD2HZQt7QuUpPT2s7p1E/IMG_20180621_173024.jpg)\n\n\ni) *Active Optimisation* - In EDA there are several rounds and in the current round EDA will consider the previous round as input to improve the performance. This is works like a Feedback Excitation.\n\nii) *Multi layer sampling* - A node speaks to few nodes and then few nodes speakes to other nodes and then it will reach to all nodes.\n\niii) *Probabilistic Consistency* - When we use EDA consistently then the results from observations will be statistically stable.\n\nUsing EDA the nodes are able to asynchronously process and sorts in a large scale decentralized environment and decides the transaction order perfectly. The order of transactions in Block 1 is placed in order before Block 2 happens. EDA will scale linearly based on the size of the network (no of nodes). EDA supports high concurrency through the continuous voting system instead of discrete voting and ensures high fault tolerance rate. E - differential agreements are customizable according to various business needs. I.e., For some businesses they need high Tx/second having a low value of every transaction where fault tolerance can be ignored and some businesses need high value transactions to need to go through without any errors where fault tolerance need to be minimised at maximum. \n\n2 **Heterogeneous Forest Network**\n\nWe all seeing single blockchain and multiple blockchain architectures to meet the business needs. But Single blockchain structure is already failed to prove when a busy business like Cryptokitties needs high Tx/second. And in case of multiple blockchain architectures, we are seeing multiple sidechains/parallel chains to increase tx/second drastically but these chains are not able to meet the rapidly changing and diversified needs of business. With the inspiration from DNS (Domain Name System), Seele proposed to frame Heterogeneous Forest network to bridge the real world and digital world. \n\n\n![28108463909_584e657f6a_h.jpg](https://cdn.steemitimages.com/DQmaiLL2J9FZr1FnQw9c28h9oP5UhTEW5UzqZXqRHem6dQp/28108463909_584e657f6a_h.jpg)\n\n\nHeterogeneous forest network consists of different subnets optimized for different use cases. each subnet can be seen as a hierarchical partition tree, the top of the tree chain is a global service chain, called \"Meta chain\", which provides global configuration and scheduling service. From top to bottom, it is a chain of various business forms. It is divided according to business scenarios, isolation mechanisms, and performance costs. Subnets can handle different scenarios independently and also can interact with each other with Cross chain agreements and protocols. Through this businesses can work seamlessly between different blockchains according to their requirements in the real world.\n\n\n\n\n3 **Value Transport Protocol**\n\nIn the traditional internet devices and software are able to share resources and interact with internet once they are having a proper IP address. But in current blockchain ecosystem, every blockchain is having their own set of codes, links, strings and this makes incompatible to communicate between blockchains. It is crucial that in the ecosystem of having different assets in the blockchain, it needs to design a protocol which defines asset. In order to overcome these difficulties Seele proposes the Value Transport Protocol (VTP) based on the heterogeneous forest network architecture. This protocol covers the uniform identification of the assets on the chain and the routing strategy for asset discovery. Through VTP, Seele defines Uniform Asset Identifier (UAI) in a hierarchical basis to identify assets exact location. And not only that Seele also develops Value HTTP like traditional HTTP to exchange values between chains and offchains and onchains for Value internet. Users outside the chain can interact with data inside the chain with HTTP protocol.\n\n4 **Quick value internet connection**\n\n\n![39178539754_e67b974a53_h.jpg](https://cdn.steemitimages.com/DQmZ3popZvqkd2hkvpNEhyf76RmCthTDjZUq4wjGbabH8my/39178539754_e67b974a53_h.jpg)\n\nThe present existing blockchains are using traditional protocols TCP/UDP but which are not much compatible for transport and application layers in Blockchain. With the existing TCP/UDP latency can affect heavily the performance of consensus algorithms and synchronisation of blocks between nodes. With this in mind, Seele developed QVIC that has low latency and a high tolerance for packet losses. It ensures the efficiency and fastness from UDP and provides integrity of TCP data transmission. QVIC excels especially during the transmission of packets of a specific block size (1M, 2M).\n\nSeele is developing complete contract development tool - Seele Editor for developers. Because to make the blockchain more popular and get a better development.\n\nSeele introduced its own token called **Seele**. It can be used mainly for two purposes.\n\ni) Reward to the participant nodes in the network with tokens.\n\nii) To charge a transaction fee for transactions in the network.\n\nTotal supply of tokens:**1 billion Seele**.\n\n\n## The Team\n\nThe team is the main criteria to decide whether the whitepaper can be converted into the product in timely by reaching different milestones. Seele has a great team who can accomplish the the goals.\n\n\n![IMG_20180621_172405.jpg](https://cdn.steemitimages.com/DQmSzAArDZj85S3941TaiAVuX2Qre5vut5ZJLzUh8YZME9N/IMG_20180621_172405.jpg)\n\n\n**Dr Maolin Zheng — CEO**\nDr Zheng’s main expertise lies in Math Modeling and Algorithms. Even though he doesn’t have blockchain experience, his extensive experience in Algorithms and math modelling make him a great leader of the Seele project. Seele’s ambitious aim to tackle complex problems require experience, talent and leadership. Judging by his resume, Dr Zheng ticks all boxes.\n\n**Dr Wei Bi**\nDr Bi completes the competences a strong blockchain project needs. He brings extensive Blockchain experience, even having 8 blockchain related patents pending. On his own. Next to his blockchain experience, his work is published in multiple high profile media and he has experience in leading roles.\n\n**Dr Nick Smith — COO**\nDr Smith has an extensive background in research. Dr Smith sounds like a good addition to the team, although a central role as COO is fairly new to him. This makes Dr Smith a valuable force.\n\n![IMG_20180621_172651.jpg](https://cdn.steemitimages.com/DQmT36CUwxGwCupnv4WQKiV9WNKVp8f145DFfr2ZctDbLB4/IMG_20180621_172651.jpg)\n\n![IMG_20180621_173104.jpg](https://cdn.steemitimages.com/DQmZU43WJc58WXFebYJPd6tc6GXjaTHFcaprdLSgZHyGrBy/IMG_20180621_173104.jpg)\n\n![IMG_20180621_172515.jpg](https://cdn.steemitimages.com/DQmcvqa1ZwPJQwrdXAqrZMYNfTZBf8fSeVzgExjgmuYhYRY/IMG_20180621_172515.jpg)\n\n\nTo know more about Seele download whitepaper from *https://seele.pro/#/index*\n\nTo join in Seele community visit *https://t.me/seeletech*\n\nBitcointalk Profile link : *https://bitcointalk.org/index.php?action=profile;u=978916*\n\nBitcointalk Profile name:**Satish147**",
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      "body": "Hello **Everyone**,\n\nThis is **Satish** from **India**.\n\nToday I would like to make a review on **Quarkchain Blockchain - High throughput blockchain**\n![Screenshot_2018-05-14-22-03-14-638_com.google.android.apps.docs.png](https://steemitimages.com/DQmX2AzFyFRNG8End5ETD2Lh6ste679RpZWw7jEjHYBsGBc/Screenshot_2018-05-14-22-03-14-638_com.google.android.apps.docs.png)\n\n\nEveryday we are seeing how *Blockchain technology* is exploring in every industry from Financial to supply chain management and many other industries. But to meet the demands of industry expectations, blockchain technology is still yet to solve so many technology breakthroughs to become mainstream adoption. At first blockchain concept come into existence through *Bitcoin* in *2008*. And thereafter with the introduction of *Smart contracts* the blockchain technology is getting more attraction from various industries like gaming,supply chain management, prediction market and many more. This technology is evolving through world best intelligent minds like *Vitalik Buterin*, and the industry experts and veterans to remove centralization almost in every industry where the medium people like Governments and centralised authorities are grabbing the benefit which need to reach the consumers or customers. With the recent rapid demand in tx/s in the Ethereum blockchain due to huge no of Dapps developed on top of the blockchain but whereas Ethereum virtual machine is able to process only 10-20 transactions per second. And some of the new blockchain projects trying to solve the problem of scalability through various options but those projects are failing in respect of other core features of blockchain technology like security and decentralisation to enhance the scalability. The main objective of Satoshi Nakamoto is to remove centralization by doing peer to peer transactions in a trustless environment. This objective can be acheived only with decentralision. For Example *EOS* is solving scalability solution by compromising decentralisation with having only 21 super nodes to confirm every transaction in that blockchain. \n\n![IMG_20180514_215852.jpg](https://steemitimages.com/DQmSAm6MeNYLEnGfsUa5doqAuhwTAoiM5hXu3cFgUxM6LjF/IMG_20180514_215852.jpg)\n\n\nBlockchain technology already comes with enough security by updating ledger with every node after every block completion. If an attacker wants to change any transaction in the block then he need to change the ledger of every node in the network. This is impossible for any attacker to perform it. Every blockchain is operating with specific consensus (POW or POS or POA). In case of single blockchain systems like Bitcoin and Ethereum when the network grows bigger, then weak miners are encouraged to join mining pools to receive the block reward in time. Which may increases chance for double spending attack. This process ultimately going towards centralisation. Which is very bad for the Economy or Community. These type of problems can be solved only when there is a ground breaking idea or innovation emerges.\n\nRecently I got to know about **Quarkchain Network** - High throughput blockchain. This project is trying to solve several problems in Decentralised ledger technologies by introducing several new innovative features like  *Reshardable two layered blockchain, Guaranteed security by market driven collaborative mining, Anti centralized horizontal scalability* and many more.\n\nQuarkchain's main goal is to solve the **scalability** problem without compromising on security and decentralisation.\n\n### Quarkchains  Network designe is based on following principles\n\n1. Enabling seamless cross shard transactions for User quality of Experience\n\n2. Simple account management for clients\n\n3. Open standard to support various Dapps\n\n4. Incentive driven eco system.\n\nEvery blockchain contains two core functional features like ledger (current state, perform transaction and record results) and confirmation (confirm the result of transaction and mines the block to reach the desired difficulty - POW). Quarkchain blockchain contains two layers. Where 1st layer consists of **elastic sharding layer**, which contains sub set of shards (minor blockchains) to process multiple transactions  independently by each shard. And the 2nd layer consists of **Rootchain**, which confirms all the block heads of each shard blockchain.\n\n![IMG_20180514_220224.jpg](https://steemitimages.com/DQmTHwL91KqCD2G4868XaGzyJXpgStecY89Mzr2vTQHZNht/IMG_20180514_220224.jpg)\n\n![IMG_20180514_220456.jpg](https://steemitimages.com/DQmdXw6oR8bQG25hqP8SErn1Btoyhk1kgC2VVm8tXwn55We/IMG_20180514_220456.jpg)\n\nRootchain will have more than *50%* hashpower of the entire network to prevent double spending attack from malacious actors or nodes. If malacious attackers wants to attack the network then he needs *atleast 51%* of Rootchains hashpower (i.e., *25% of total hashpower*)\n\n**Anti Centralised Horizontal scalability Expansion**\n\nIn traditional blockchains every node verifies all blocks and rejects any block that is invalid. In case of Quarkchain network the node which confirms all minor blocks and root chain blocks called Super full node. In Quarkchain network every node cannot perform as Super full node due to high requirements in storage, memory, processor. To solve this problem Quarkchain encourages to form a cluster of honest nodes and work as a super node, which can confirm all blocks untill cluster nodes covers root chains and minor blockchains.\n\n![Screenshot_2018-05-14-22-05-36-411_com.google.android.apps.docs.png](https://steemitimages.com/DQmPhUp1A6bEpwqTGUAgZAoC8yhmBKSGJsHzNwScKDupUup/Screenshot_2018-05-14-22-05-36-411_com.google.android.apps.docs.png)\n\n\n**Cross shard and Cross Chain transactions**\n\nThe transactions between shards can be done in minutes and it can be intiated by any users from any end at any time. The throughput of cross shard transactions linearly based on number of shards.\n\n![IMG_20180514_220117.jpg](https://steemitimages.com/DQmNrpUvrs6cJWz4Sdx248nCQRvWH7WYuHhw4xkYXgCa9Se/IMG_20180514_220117.jpg)\n\nThe transactions between blockchains can be done by including another blockchain as a shard and can make transaction like cross shard transaction to complete Cross chain transactions seamlessly.\n\n\n**Smart wallet**\n\nThis is very good feature which I liked very much to benefit alot to users without confusing them about shards and blockchains. Because in this wallet an address will be created and treated as primary address and almost every transaction will happen automatically through this address and if the transaction needs to contact other shard chain then automatically the transaction will be redirected from primary address to secondary address (remaining addresses) until completion of transaction. After completion of transaction if any amount reamins in secondary addresses, then automatically balances will be moved to primary address.\n\n\n**QKC token**\n\nQuarkchain introducing QKC token for internal functional of the network and to be used as medium of unit between network participants. And not only that to perform any transaction in the network like making transaction with smart contract by contacting to contact address, for this a transaction fee will be charged in QKC like Ethereum charged in EVM as Gas fee.\n\nMain advantage for Quarkchain Network is, it will support Dapps on Ethereum blockchain seamlessly without any interruptions.\n\nAnd Quarkchain team is trying to provide SDK support to build Dapps on mobile platforms instead of web based Dapps. Since mobile usage is increasing rapidly and reached almost 68% of total internet usage is being done by the mobile phones in 2018. \n\n\n### Team and Advisors.\n\nMainly the team is the important to materialise the idea or concept on the whitepaper. Team already had extensive experience in scalability solutions in  centralised industries for more than decade. This helps them to inject the well solved practices to the new blockchain technology.\n\n![IMG_20180514_220041.jpg](https://steemitimages.com/DQmPvsoyyyv8XbPad58QJGGPineM76v3wuAFy7um9JdTLug/IMG_20180514_220041.jpg)\n\n![IMG_20180514_220000.jpg](https://steemitimages.com/DQmPqVET5VEyo8HnLYrovy8DaB2T68ksc5rVuxftTAFWwy5/IMG_20180514_220000.jpg)\n\n![IMG_20180514_215925.jpg](https://steemitimages.com/DQmQ8UpzafwgZwK44ZaMCLEou43DSKEWx5VbH6pwDSfUKus/IMG_20180514_215925.jpg)\n\nTo know more about Quarkchain visit *https://quarkchain.io*\n\nTo participate in discussion visit *https://t.me/quarkchainio*",
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      "body": "<center>![post.JPG](http://res.cloudinary.com/duvrfxmpc/image/upload/v1507109534/1-Year_wj6rbu.jpg)<h1>Congratulation</h1><b>Today 1 year ago you joined SteemIt\r\n Thank you, for making SteemIt great and Steem on for more years to come!</b>\r\n (You are being celebrated  [here](/steemit/@anniversary/20180427t020020082z-celebration-post))<br/></center>",
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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://hackernoon.com/talking-about-security-of-communication-and-privacy-is-never-enough-especially-when-political-c0486fdda57",
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      "body": "Hello **Everyone**,\n\nThis is **Satish** from **India**.\n\nToday I would like to make an article on **Mainframe - Web3 communication layer**.\n\n![IMG_20180415_231332.jpg](https://steemitimages.com/DQmUgCAkgVrP6xS12T8UjyvRTi77ZQJD7CEfR53RF8A7Ayu/IMG_20180415_231332.jpg)\n\n\nWe all know that in the mid of 90s the breakthrough technology internet came into existence. It has changed everyone's everyday lifestyle and the way of communication with speed and efficiency without any barriers. In the recent days, the internet is getting become basic right to access by everyone even to the poor. We are in the era of we can live without water but where we can't live without internet.\n\n![images (7).jpeg](https://steemitimages.com/DQmbW6TrnL7Y899g45JtAy2sCTGY6jBJZ81z3pLJ8pH5D57/images%20(7).jpeg)\n\nAs of now most of the communication is happening through the internet. But at the same time, we need to understand why the data is needed to be protected with the high level of security. Nowadays we are seeing data breaches most often due to centralisation. Talking about the security of communication and privacy is never enough.\n\n![unnamed_1523814189501.jpg](https://steemitimages.com/DQmSGURZVpzSyumMM19opNQNMmyc4XMTuq4BjZg7CPLJwe1/unnamed_1523814189501.jpg)\n\n\n\nAs a matter of fact, people are cultivating very bad habits in the way they communicate. Many people are putting their digital life in the hands of those who manage social networks claiming they are facilitating the way to communicate. Some others are placing their emails in the hands of those who say they are not evil. Other people are surfing and searching the Internet with the tools provided by those who say they do care of their data and open the doors to security agencies upon request, or, worse keep their doors open to intruders and criminals. As a consequence of this superficial behaviour with respect to communication, governments and corporations have secured a position that is extremely uncomfortable and very very dangerous for all of us. \n\n![images (4).jpeg](https://steemitimages.com/DQmRAQj8HSwnadkpthgHsUfFhcd1HGL5gVjGT4NZhnXEcDS/images%20(4).jpeg)\n\nThe scenario of sharing a document with a co-worker or a friend on Google Drive, together with some emails, without any doubt, extremely rich of traces in the hands of well just one provider. As a matter of fact, that same provider can and will build a complete profile of their users, of what they write about, how connected they are to other peers and much more. If this were not enough, then we should be considering the fact that this behaviour will be reiterated massively over a billion other users. Every day. Forever.\none of the small and large companies that do not pay much attention to how their data and communications flow before reaching their destination. This information is usually stored for years and can be easily accessed any time by their own providers. Very few people and organizations can claim to have some kind of control over their communications. Even those few cases where encryption is used are not always safe. Due to leakage of confidential information, the Organisations are losing trillions of dollars. \n\n\nEncryption is performed by keys that should stay secret and that are used to lock and unlock plain text or bits in general. If these secret keys are not in the user’s possession, the whole encryption mechanism does not make sense at all.\n\nGoogle Drive and Gmail, just to name a few services that many heavily use do not provide these secret keys to their users. This simply means they can read all users’ documents and emails, any time they want or they are asked to. Reading content is essential for companies like Google, and Facebook, in order to personalize search and advertisement for their users, which is also the main reason why all these services are free of charge.\n\n![images (5).jpeg](https://steemitimages.com/DQmNQuTwjLQbVFkfDcYDgcnEXc4yeTzsh2tdPsJb4k7MCwf/images%20(5).jpeg)\n\nThese companies have amazing data warehouses that are well protected against hackers” many are saying. That’s not true. That, however, still gives them the ability to access information, or, as happened in the past, to give access to governments whenever they make or impose a request. Moreover, nobody can guarantee that those emails and documents will stay in the same security conditions for the entire lifetime.\n\nWithout getting to the details of the mathematics behind encryption, as mentioned before encryption is performed via keys. Whenever corporations claim they are protecting users’ data with encryption they are not telling the whole story. It is time to stop this and use powerful technologies that are affordable to many.\n\n\nNow we can feel happy because we are getting complete freedom of communication with real ownership on our data with **Mainframe**.\n\n**Mainframe** enables decentralised peer to peer communication by using latest protocols like *Dark routing* and *virtual transport layers* and provides the high level of security to the Individual and Organisations.\n\nAs of now when one person communicates to another person then we can easily trace the information of sender and receiver of data based on IP address or if anybody uses proxy then they can be identified through ISP. This is happening only because of lack of proper security protocol layers on the internet. To avoid this type of situations **Mainframe** incorporating security protocols like *virtual transport layer without geo-tracking*.\n\n![IMG_20180415_231535.jpg](https://steemitimages.com/DQmRsBG9zTEaRcUva38Ys39h2wLTUv3KSA79MWQdc5sGFMT/IMG_20180415_231535.jpg)\n\n**Mainframe** also developing Software development Kits **(SDKs)** to integrate seamlessly with different popular languages, devices, and operating systems. And also it provides smart contracts and Oracles for token exchange and ease of interoperability with different blockchains like Ethereum, NEO, Tezos, EOS.\n\n\n\nEntire **Mainframe** Ecosystem operates with nodes or peers who provide various services like *data services, file storage, packet holding, packet routing, Blockchain transactions*. Nodes are incentivised for providing these services with Mainframe token called **MFT**. **MFT** token also can be used as the medium of exchange for marketplace on the Mainframe.\n\n![IMG_20180415_231609.jpg](https://steemitimages.com/DQmR3e1eVCqUjuAcLFHsx66rtwsVT5m3yX82gXy3DzddnDZ/IMG_20180415_231609.jpg)\n\n\nTo make the data untraceable from who to whom it is communicating, Mainframe provides **Dark Routing** mode. Where packets are routed to each node whose address matches the partially disclosed destination address, moving efficiently towards this subset of nodes, but after that they are distributed to all matching nodes, making it intractable for any network observer to infer the intended recipient within that zone.\n\n![IMG_20180415_231459.jpg](https://steemitimages.com/DQmarsw2NwN2WbM6D2jfRopqNSUFhMh7HTaBxVsvS1LdvKX/IMG_20180415_231459.jpg)\n\nThe mainframe is trying to develop an Ecosystem or network which is **Unhosted** and fully Decentralised by continuously developing various service layers which will reduce the reliance on specific nodes as much as possible.\n\n![IMG_20180415_231429.jpg](https://steemitimages.com/DQmYjKtLwXoVQMPM1w7sibPiyzDD3kifWFLRB3cbA2i48ua/IMG_20180415_231429.jpg)\n\nMainframe consists of amazing team with 12 employees. \n\n![IMG_20180415_234013.jpg](https://steemitimages.com/DQmNNhgkFPa6U6MSsxyTbtwarab3Ki2z964vp7uro9z64uq/IMG_20180415_234013.jpg)\n\nWebsite: *https://mainframe.com*\n\nWhitepaper: *https://mainframe.docsend.com/view/j39qpui*\n\nTelegram: *https://t.me/MainframeCommunity*",
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      "body": "Hello **Everyone**,\n\n\nThis is **Satish** from **India**\n\nToday I would like to make review on **Sentinel chain** - Rebuilding the financial inclusion.\n\n![images (2).jpeg](https://steemitimages.com/DQmcVB4m85xz43CZVJomby7g6y1uLSHNX94cAtwt6Xw1bzw/images%20(2).jpeg)\n\nIn today's world around more than **2 billion** people who are in the rural areas are unable to access the global financial opportunities. The most people in the rural areas are only dependent on farming. Almost all farmers face difficulties getting bank loans as they struggle to put a security up for loans. In farming, the people who depend on agriculture must have real estate as a collateral for the loan. Banks offer loans equal to 70 percent of the real estate value and for only six months.But due to an uncertainty of outcome after crop period the farmers are mostly shifting from agriculture to livestock farming. The livestock farming exceeds the crop-based farming. And people who intend to do livestock farming are needs capital for their needs, But without mortgages, they can’t access bank loans. \n\n\nConsequently, they often take out ‘black credit’ loans on the black market. These loans usually have high-interest rates and push farmers into deeper debt. Many can only afford to pay the monthly interest. Local residents usually borrowed money for health care, buying fertiliser or building houses with double-digit interest rates.\n\nNow to solve the problems of unbanked people for accessing loans Sentinel chain comes into place. The Sentinel Chain is the world’s first global B2B marketplace platform for financial inclusion services accepting the use of livestock as collateral. The ultimate objective of the Sentinel Chain is to unlock the economic potential of the unbanked by bringing together an international community of financial providers looking to participate in facilitating financial inclusion in an open, secure and transparent marketplace. \n\nSentinel chain ecosystem consists of 5 components\n\n1. Live identification Tag\n2. Crosspay Mobile Application\n3. Crosspay Blockchain\n4. Sentinel chain\n5. Sentinel chain Token.\n\n\nThe Sentinel Chain is a consortium blockchain that operates within decentralized governance and is connected to multiple CrossPay Blockchains. Sentinel Chain and the CrossPay Blockchains creates a hub-and-spoke ecosystem specifically designed to provide a low-cost cross-border financial infrastructure. Such an infrastructure will provide liquidity to the local unbanked population via an international network of financial providers. \n\n![IMG_20180224_232852.jpg](https://steemitimages.com/DQmZQ5haWXbfVJGRbjLhEmdKfsdnKiuoBThz5uNwh4WJytR/IMG_20180224_232852.jpg)\n\n\nSentinel chain introduces it's own utility ERC 20 token on Ethereum blockchain that allows global financial service providers and cryptocurrency holders to participate in the Sentinel Chain marketplace. Activity on the Sentinel Chain will be performed solely using the Sentinel Token. \n\n\nApart from SENC token there will LCT (Local community tokens) in every Cross pay blockchain to facilitate the local payments on Cross pay blockchain. The value of LCT pegged to the country's native currency.\n\n### Sentinel chain Token has the following features\n\n1. Facilitating livestock insurance\n2. Loans using livestock as collateral\n3. Collateral by the third party local financial providers\n4. Facilitating third-party crowdfunding projects\n5. Facilitating community projects\n6. E - payments.\n\n![IMG_20180224_232743.jpg](https://steemitimages.com/DQmXRoSbpKqvbML9M7nirfiH7WqdJW72xXpCcs2H8swNAUw/IMG_20180224_232743.jpg)\n\nInfoCorp has entered a strategic partnership with Vechain and Maybank to extend the value of Sentinel Chain.\n\n![IMG_20180224_232822.jpg](https://steemitimages.com/DQmZo97EN3pwGRk1ipKwjL8imsAz8yxpDCAeBgaGGauHqNq/IMG_20180224_232822.jpg)\n\nThe team having more than 20 years of expertise in financial and Blockchain technology.\n\n\n![download_1519495033897.png](https://steemitimages.com/DQmX4UkABVXHVT1cGFQRkBrvh1Ym7uyWA5z6E2MZESNQAPj/download_1519495033897.png)\n\n![download (2)_1519495034005.png](https://steemitimages.com/DQmcwPEKE2CrPCCXxaob9W5C1LWTqasmsCXccqtQXMvayex/download%20(2)_1519495034005.png)\n\n![download (1)_1519495033934.png](https://steemitimages.com/DQmQyqv3zdvD6fffs7D1EpZy3EZkA4K4pKYzGjYSXTYW7YS/download%20(1)_1519495033934.png)\n\n![download (4)_1519495034078.png](https://steemitimages.com/DQmVbdk1ch7c6NifbyuQ6avFv17D7BpnbikJMPdDpEotTuN/download%20(4)_1519495034078.png)\n\n![download (3)_1519495034034.png](https://steemitimages.com/DQmQaogvNMx5jeEVJQWnhB3MBgusU1SrCHZdQLDb8kaNSoK/download%20(3)_1519495034034.png)\n\n![download (5)_1519495034110.png](https://steemitimages.com/DQmXHTrqkGT3wRDW3M4nDD52fHLi2RnRW7xgwQDjnNR4pYY/download%20(5)_1519495034110.png)\n\n![download (6)_1519495034143.png](https://steemitimages.com/DQmWTgRVsJ8oNCMXM6WPujawypER59CgGFixaEbjKBwhtfK/download%20(6)_1519495034143.png)\n\n\nTo know more about Sentinel chain visit\n\nBitcointalk Profile link : *https://bitcointalk.org/index.php?action=profile;u=978916*\n\nBitcointalk Profile name : **Satish147**",
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      "title": "TE Food - Food Traceability for livestock and Freshfood",
      "body": "Hello **Everyone**,\n\nThis is **Satish** from **India**.\n\nToday I would like to make a review on **TE Food** - Food traceability for livestock and fresh food.\n\n![images.png](https://steemitimages.com/DQmcmqUhMXipQKB1J6MBHXqhy6FVBM2EmT8ksW19nDQMx6R/images.png)\n\nRight now blockchain technology is emerging in every industry from finance, supply chain management, Decentralised exchanges, medical and in many more areas. The new emerging technologies like **AI** and **DLT** are shaping every industry to make more transparent and corruption-free the entire ecosystem. Till now observing or knowing the quality of every single process from farming to selling food products through retailers to consumers is very difficult for every contributor (logistics, supply chain management, Farmer, wholesaler) and consumer of the product. And we all know that in the present situation every food item is coming with a mix of a lot of dangerous chemicals and other pesticides. \n\nRight now it is very difficult to get hygienic food for the people. Rather than the food producers and wholesalers and third-party traceable services are trying to modify the real information which is like if they mix any chemicals or antibiotics but they will say they are making food from the farming without any chemicals or antibiotics by changing the real history of the way farming. This will lead to people to buy the product without actually knowing about the real food quality of the product. Due to this, the people are facing with a lot of new deceases and approximately **700 million** people are affecting with deceases and dying **4,00,000** people in every year.\n\nSo to meet the needs of people and to increase the quality of living, **TE Food** comes with a solution for food traceability with the help of Blockchain technology from farming to selling through retailer.\n\n\n![IMG_20180222_004942.jpg](https://steemitimages.com/DQmbttCEqMBPvagnj1R1dyDS42EqFKJ8GgSg48V8tujcNAp/IMG_20180222_004942.jpg)\n\n\n **TE Food** is a livestock and fresh food traceability solution. Currently, TE Food tracing only pigs, chicken and eggs and in near future they are looking to expand traceability and identification features to cattle, fish, meat with AI-based face recognition technology.\n\n![IMG_20180222_004858.jpg](https://steemitimages.com/DQmSLeTfCLzPKpFykdDJBpeNMY1yqRz3uvbNHxKqL8KsiXK/IMG_20180222_004858.jpg)\n\n\n\n So from now onwards altering the actual production process like feeding, slaughtering and inventory timing are not possible. And not only that unlike other startups who are coming up with ICOs without having any real working product or business in the real world. But Te food is already established its presence in Vietnam since 2015.\n\nTE Food uses various advanced technologies like Face recognition and identification tags for identification purpose and to follow the whole process of the supply chain. TE Food also introduces various new features like Food Safety alerts (If the transport of fresh food takes more than expected then alerts will be given at receiving a point), Reputation system, Supporting conscious customer behaviour. \n\n\nTE Food launched its mobile-based application for B2B and B2C marketplaces. In the B2B mobile app, there will be different tools and modules to transact, analyze and for identification, Authorisation purpose.\n\n\n In B2C mobile app, the consumer will be able to know the product history from its origin by scanning QR code printed on the product.\n\n\n**TE Food** introduces its own utility token **TEFOOD** for transaction fee and for value exchange between parties. The valuable data from one supply chain management can be exchanged with other parties for TEFood tokens. To reward conscious consumers who try to know the food history with TE Food mobile app.\n\nTE Food token works in its ecosystem as mentioned below\n\n![IMG_20180222_005023.jpg](https://steemitimages.com/DQmd8rgFFAufAWgNLUpwD5hE1vxiiqgqSkiwpy3FCNdPLC9/IMG_20180222_005023.jpg)\n\n\nCurrently, TE Food is having a bunch of handful clients. \n\n![IMG_20180222_005104.jpg](https://steemitimages.com/DQmNkCeux4UfQYQAD3YCP9j5Rv8dKziwyGZg36kSBQYJNpr/IMG_20180222_005104.jpg)\n\n\nAs they mentioned in their whitepaper even though TE Food having competitors like **Ambrosus** and **Wabi** but still those projects are in the starting of development. And competitors are only concentrating on B2C based applications whereas TE Food having a presence in B2B and B2C and also it provides analytical tools,  modules, apps to analyze the data by private companies.\n\n\nThe team looking well experienced in marketing and sales management and having a good number of blockchain experts who can assist in the development of TE Food.\n\n![IMG_20180222_005242.jpg](https://steemitimages.com/DQmaoseWLgH1JDoUS7djEGENa13xvhmuo7UmGbaALYrLKpx/IMG_20180222_005242.jpg)\n\n![IMG_20180222_005314.jpg](https://steemitimages.com/DQmerUDdtDSB9h2HtmhaK8VhymFGucpQZz7hN8E2gYPHGXM/IMG_20180222_005314.jpg)\n\n![Screenshot_2018-02-22-00-54-31-520_com.google.android.apps.docs.png](https://steemitimages.com/DQmYxwrgQPbrKyMTGLjDmqm4pc9wXUVKu9JBgY7GmViVd7e/Screenshot_2018-02-22-00-54-31-520_com.google.android.apps.docs.png)\n\n### The Crowdsale details\n\nThe crowd sale will start on Feb 22nd, 2018 and will end on March 22nd, 2018\n\nTotal token supply: **1 billion**\n\nToken rate **1 TEFOOD = 0.05 $**\n\nTokens available for sale: **510 million**\n\nBonus levels are given based on time intervals\n\n1st Week: **15%**\n2nd week: **12%**\n3rd week: **10%**\n4th week: **5%**\n\nPresale already completed with 30% bonus\n\nTo participate in crowdsale visit https://ico.tefoodint.com/\n\nBitcointalk Profile link : *https://bitcointalk.org/index.php?action=profile;u=978916*\n\nBitcointalk Profile name : **Satish147**\n\n\n#ICO #tefood",
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      "title": "Arbidex - Professional crypto trading platform",
      "body": "Hello **Everyone**,\n\nThis is **Satish** from **India**.\n\nToday I would like to make review on **Arbidex** - *A single platform for all trades in all exchanges*\n\n![Screenshot_2018-02-01-22-07-39-788_com.android.chrome.png](https://steemitimages.com/DQmT6vjFubXiTQLsNejRqxxpzRuJVJB5nibFfFUAtzXoRhT/Screenshot_2018-02-01-22-07-39-788_com.android.chrome.png)\n\nWith the rapid development in cryptocurrency market, Every day we are seeing no of new projects coming into **Blockchain industry** by introducing with their own utility coin and this is working well for project owners for fundraising and benefitting to the people who contributed in their ICO as early adopters.\n\nBut we are seeing most of the coins when hit the secondary market (listing on Exchanges) after completion of their sale and most of the coins or currencies facing liquidity problems in the secondary market due to lack of user base. So in these cases, we find mostly arbitrage opportunity in different exchange for the same coin but with the lack of tools in existing cryptocurrency exchanges, traders are not able to gain the profit from the existing opportunities.\n\n And also in the recent past days, we observed mostly every coin is traded at a minimum of **10 %** to **20%** in **south Korea** and **Indian** markets due to huge demand coming from these countries compared to supply. \n\n![IMG_20180201_164836.jpg](https://steemitimages.com/DQmec4xhzfDAeiZTfeMi3esvVK6z3q5bKpTQdniVL5jzC4w/IMG_20180201_164836.jpg)\n\n\nThis demand can be decreased by arbitragers in these markets but not happened till now. So now to fix this and to gain from the spread opportunities in different exchanges **Arbidex** come up with their own arbitrage algorithm software to the market. This will help the professional traders to take advantage over the spread opportunities available for every coin in the different exchanges. To do this  Simply create an account in Arbidex and deposit money into the platform then we can make our trades with automatic arbitrage software. Deploying a search algorithm for the most favourable exchange rates through multiple exchanges, the platform brings about the opportunity to buy cryptocurrency at a lower rate and sell at a higher and also the platform will charge lesser fee compared to regular exchanges. In this case, Arbidex will charge *50%* of profits earned on arbitrage as **\"succession fee\"**.\n\n![IMG_20180201_165039.jpg](https://steemitimages.com/DQmaxLk9BMgcZBUgRCHqfF1pTeuAFHv2cCFXPGndWnSKDbT/IMG_20180201_165039.jpg)\n\n\nAlways investors or traders find cheap prices for some coins in different exchanges but to make purchase at cheap price, we should have funds in every exchange and that is complex process and if we don't have deposits in an exchange where we find the token price is cheaper then we have to make deposit and it will take time to deposit and then we may miss the better price. With *Arbidex* we can buy any token in any exchanges which are linked to *Arbidex* platform at a cheaper price and at lower trade fee without having an account in different exchanges.\n\n\n\n\nMost of the projects are able to raise money through ICOs only by showing shitty whitepapers but only a few are coming up with **MVP** before they asking for funds from the people. This is one of the main advantages I observed from an Arbidex project. **Arbidex** developed **MVP** and they traded with their own funds in MVP and they able to generate profits on an average **1.3%** to **1.4%** daily.\n\n![IMG_20180201_165308.jpg](https://steemitimages.com/DQmZ77buYUP9Y3jRprebJ6iJUtjyTmWZWUvjKMrBWuoXmXU/IMG_20180201_165308.jpg)\n\n**Arbidex** having few competitors in the market but still Arbidex can become popular because one of the competitor **B2BX** is ready to provide this type of services only to corporates and large-scale individuals whereas **Arbidex** allows even for small-scale individuals from the platform.\n\n![IMG_20180201_165140.jpg](https://steemitimages.com/DQmWNHJcmAGoN2TxMvoKpZBdiQooeRQx5NJRkkZ4HM4XErn/IMG_20180201_165140.jpg)\n\n\nNow **Arbidex** introducing their own utility token called **ABX**\n\n### Benefits of holding tokens\n\n1. **ABX** tokens will be used to access the platform by stacking into the platform and based on stacking the level of functionality, advanced tools and high volume of trades will be released to users.\n\n![IMG_20180201_165014.jpg](https://steemitimages.com/DQmfXK13nYbn6Uk5d4yLLukkNdJEFxDsJgmPdHtodHP5Mkd/IMG_20180201_165014.jpg)\n\n2. **ABX** token will be used for paying a trading fee at a discounted rate upto **50%** compare to other payment methods.\n\n3. **ABX** token can be used for voting rights in the case of listing new coins in the platform.\n\n**Arbidex** released their roadmap for the coming months which is as follows\n\n![IMG_20180201_164947.jpg](https://steemitimages.com/DQmap34kWZoEHhhPQ8kRTQSnnUpuS9o7jeGik2fD7irrrLs/IMG_20180201_164947.jpg)\n\n\nThe team also looks very ambitious and trying to add multiple features to the platform by developing algorithm software in every possible manner to benefit the users.\n\n![IMG_20180201_221119.jpg](https://steemitimages.com/DQmWLq6bZ6Ge4Js2t4CyHhFRQP5bMCc9pqbHmvfFMjM8vDC/IMG_20180201_221119.jpg)\n![IMG_20180201_221046.jpg](https://steemitimages.com/DQmepEu3CuaCBscpuVekh5vHrMiewJ45R5QuawBtxv7Qyvu/IMG_20180201_221046.jpg)\n![IMG_20180201_221007.jpg](https://steemitimages.com/DQmSdzBLbaqmGgTYhGDUstRHM3j2CinEWbURkGoARAgJTrS/IMG_20180201_221007.jpg)\n\n\n\n\n\n### The Crowdsale details\n\nThe crowdsale is already started on *January 23rd, 2018* and it will end on *15th FEB, 2018*.\n\nToken price **1 ABX = 1 USD**\n\nHardcap : **16,000,000 USD**\n\nTo contribite in crowdsale visit *https://arbidex.io/login?08de10fb744f475528b2d1c5ed99d1d0592d6dbc73fd1f3538b31ad4ed9ba5eb*\n\nTo know more about project read the whitepaper *https://arbidex.uk.com/assets/wp_en.pdf*\n\nTo discuss with the team join telegram through this link : *https://t.me/joinchat/CzZcC0V06Q2R_67d9ePHyA*\n\nBitcointalk profile link : *https://bitcointalk.org/index.php?action=profile;u=978916*\n\nBitcointalk username: **Satish147**",
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      "body": "Hello **Everyone**,\n\nThis is **Satish** from **India**\n\nToday I would like to write a small review of **Gems Protocol** - Decentralised Merchantile Turk on Ethereum Platform.\n\n![download (1)_1515416319828.png](https://steemitimages.com/DQmfVdzjYNWTwTgL8yc3GyzGUrwhmj6NNYBX3MceuSwy6WD/download%20(1)_1515416319828.png)\n\n\n2017 is a stunning year for cryptocurrency market, It reaches mainstream news and institutional investors and will continue further exponentially. The developers and well-known people from various industries are looking to explore the opportunities available with decentralization **Blockchain technology** to start new projects with the main view to remove the existing centralization in every industry.\n\n**The Problem in existing Mechanical Turk business**\n\nOut of all with recent penetration on the internet, the use of the internet by no of people increased dramatically. And most of the tasks can be completed with computer faster than manual but At the same time need for human labor arises for completing micro tasks which cannot be performed by the computers like for enriching AI. This is where few large companies are cashing from the sweat of labor. Initially, Amazon started \"Amazon Mechanical Turk\" an online marketplace in 2005 where requesters (who want work to be done) can crowdsource data collection by paying workers to perform micro-tasks online. But for onboarding tasks, the requesters are paying around **$ 3000** and **20%** of any amount paid to workers to the *Amazon Marketplace* and to provide best workers based on rating an additional **5%** will be charged. Furthermore, tasks with 10 or more assignments are charged an additional **20%** and totaling up to **40 - 45%**. Due to centralization, Amazon only getting benefitted mostly from the MTurk business. The requesters are ended up paying huge fees and workers getting paid less for their job per hour. Additionally, manually verifying the accuracy of results from workers is difficult. To ensure quality results, requesters currently rely on redundancy, oftentimes having **5-15** workers perform the same task to form a consensus. This is undoubtedly wasteful. Requesters pay **5-15x** as much per project, and workers lose out on a potential increase in payment. Apart from this most of the labor not able to access the marketplace due to stringent identify verifications and nonavailability of bank accounts.\n\n**Gems Solution**\n\nTo completely remove the ***40-45 %** fees charged by centralized marketplaces like **Amazon**, Crowdfollower, **Gems** introducing Gems Protocol - Decentralised Mechanical Turk built on top of Ethereum blockchain. Through introduction of Gems Protocol, it benefits a lot to requestors and \"miners\"(who want to work for microtasks)and verifiers (who verifies the microtask accuracy)\n\nThe following problems are going address by **Gems Network** :\n\n1.  Removing the middleman taking a large fee\n2. Verifying accuracy of results from crowdsourced tasks\n3. Supplying and building reusable interfaces\n4. Removing the need for existing banking infrastructure\n5. Properly incentivizing and disincentivizing miners and requesters\n\nGems are going to use multiple innovative approaches to provide most possible convenience to Gems Network users. Which are *Gems stacking mechanism, Gems Trust score* and *off chain payment solution, Verifiers*.\n\n*Gems Stacking Mechanism*\n\nIn this mechanism miners, requestors, verifiers are required to deposit a certain amount of tokens in stacking smart contract to reduce the malicious actors within the network by anyone.\n\n*Gems Trust Score*\n\nIn this case, the trust score will be linked to Etherium address. With the improving trust score mechanism, miners can become verifier.\n\n*Verifiers*\n\nVerifiers verify the accuracy of the tasks completed by miners. If verifier identifies any task done by the miner as wrong then miner get one chance to redo it. Even after this process if miner fails to perform the task correctly then the miner will lose the number of tokens is held in stack smart contract.\n\n![IMG_20180108_183054.jpg](https://steemitimages.com/DQmTCVu6RnGsXuQAPvk76NwtWkACQNikK5uFt7o1cN1DA4g/IMG_20180108_183054.jpg)\n\n*Off-chain payment solution*\n\nTo decrease the transaction fee(gas) as every time, Gems partnering with off chain payment solutions which completely eliminates the frequent transactions between users and later it will settle on the blockchain.\n\nIn summary differences between Gems and other existing players\n\n![IMG_20180108_183437.jpg](https://steemitimages.com/DQmR3kfXDa5r7y6A8hqKUSLkkGKhcWx348CavwJmHjDVQ3t/IMG_20180108_183437.jpg)\n\n\n\n**The Team and Advisors**\n\nThe team and advisors are the huge plus point for this project. Team members are from Harvard University and some of the advisors are Co-founder of Twitter and Pantera capital and many others \n\n![download_1515416319735.png](https://steemitimages.com/DQmZynNtd7r71sob6DssDaDTtkrvkfyaNzVM6js6H3sDwTK/download_1515416319735.png)\n\n![IMG_20180108_182947.jpg](https://steemitimages.com/DQmf71qFYKkDJqEc8S19jFnWGyytdUTMRdVyvWQtvPnnyXa/IMG_20180108_182947.jpg)\n\n![IMG_20180108_182917.jpg](https://steemitimages.com/DQmNQx2rXkrv3NTjRZq1BD1u4tpGGD2v68CiqoNWdXSVT79/IMG_20180108_182917.jpg)\nTo know more about project visit **https://gems.org**\n\nTo discuss project visit *https://t.me/gemsorg*\n\n\nThe whitelist is closing on  *Jan 8th, 2018*. So join as fast as you can.\n\nBitcointalk Profile link : *https://bitcointalk.org/index.php?action=profile;u=978916*\n\nBitcointalk Profile name: **Satish147**",
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      "permlink": "3hqkzv-hdac-blockchain-for-iot-ecosystem",
      "title": "Hdac - blockchain for IoT Ecosystem",
      "body": "Hi **Friends**,\n\nThis is **Satish** from **India**.\n\nToday I would like to make a review on **Hdac - Blockchain for IoT payments**.\n\n![download_1511716884825.jpg](https://steemitimages.com/DQmQ6gQ9wy9EVRHpjvzBqdZ7TnA3XNCymkEzc3Qc1GbiXvq/download_1511716884825.jpg)\n\nFew months back we have seen the new innovative and brilliant ideas with blockchain technologies got funded with large amounts through ICO mechanism where people decide to invest after done their duedeligence. But now we are seeing tens of ICOs every day where most of the ICOs are scams and moving away with the people's money and some of the ICOs are getting funded without having any prototype or concept. At the same time we can observe that this ICO mechanism is getting matured when days are progressing and now it is coming under eyes of  institutional investors, Venture capital firms and large established companies like **Naga, Overstock**, and **Hyundai**.\n\nWith the above discussion we can observe that smart minds and money coming into new and unmatured ICO industry.\n\nAfter a long gap I come up with a new and innovative Blockchain startup \"Hdac Technologies\" with the combination of Blockchain, IOT and fintech technologies with the support of giant company Hyundai in the form of **Hyundai Pay** from **Korea**.\n\n### Introduction to IOT (Internet of Things) and Blockchain Technology\n\nIn future Internet of Things becomes an integrated part of our everyday life. Using smart watch and collect data from our morning run is what we experience today, but in couple years there will be interconnected every single device like  self driving cars, drones, smart homes and many we use and all machines will communicate to each other. IoT industry is estimated to reach **$ 270 billion** by **2020**.\n\n\nRight now **Blockchain** - *Distributed ledger technology* is the innovative technology in 21st century.Blockchain technology could provide a simple infrastructure for two devices to directly transfer a piece of property such as money or data between one another with a secured and reliable time-stamped contractual handshake. lot of industries are trying to merge this technology to reinvent their business model. Already Blockchain technology is using in *logistics, Fintech*, and many others. Now Blockchain technology is using in another new inventive technology **IoT  (Internet of Things)** to generate synergy effect.\n\n\n### Why Blockchain tech need to be integrated with IoT\n\n To enable message exchanges, IoT devices will leverage smart contracts which then model the agreement between the two parties. This feature enables the autonomous functioning of smart devices without the need for centralised authority. If you then extend this peer-to-peer transaction to human to human or human to objects/platforms, end up with a fully distributed trustworthy digital infrastructure.\nInternet of Things (IoT) holds one of the biggest potential for human life change. It might become the fastest growing market in next couple years but the more important thing is that the development in related areas is interconnecting. \n\n\nSince we imagine such a world with billions of devices, machines and humans that are communicating with each other, we are facing a huge problem with actual infrastructure and hardware/software standards. In other words scaling will cause problems.\n\n In IoT where every device is interconnected and if any single device is got affected by hack or vulnerability in the ecosystem then the entire ecosystem will be at risk. To avoid these situations in IoT environment the blockchain integration is necessary.\n\nBlockchain technology promises to be the missing link enabling peer-to-peer contractual behaviour without any third party to “certify” the IoT transaction. It answers the challenge of scalability, single point of failure, time stamping, record, privacy, trust and reliability in a very consistent way.\n\n### The Key Benefits of using Blockchain and IoT\n\n1. Build trust between parties and devices\n\n2. Reduce risk of collusion and tampering \n\n3. Reduce costs by removing overheads associated with middleman and intermediaries\n\n4. Reduce settlement time from days to near instantaneous.\n\n\nOnce the IoT environment is created then their will be a significant demand arises for making payments,contracts, settlements, loans, investments, taxes and utility bills between the devices should all be seamless and easy transactions. This is where **Hdac platform** plays significant role to process huge no of of transaction with ultra low cost in a highly secured environment by using blockchain technology between IoT devices.\n\n![download_1511529095405.png](https://steemitimages.com/DQmYXCaSJcbUCdydLmMcBFhoETSUZzVY6wFbjeFcJDg5eoP/download_1511529095405.png)\n\n**Hdac blockchain** is a separate entity from Bitcoin and Ethereum which is maintained by Hdac Technologies in cooperation backed by **Hyundai BS & C**. Hdac blockchain wants to create a secured environment with the blockchain technology for payments  between IOT connected devices. \n\n![IMG_20171126_223218.png](https://steemitimages.com/DQmPQKJyNgC9CLvVqr8EVffrGqRn2pFifNN46aUBZf6t1g8/IMG_20171126_223218.png)\n \n**Hdac blockchain** is primarily used to authenticate the device and once the device is identified then to connect devices each other for mutual communication and for machine to machine payments.\n\n![IMG_20171126_223348.png](https://steemitimages.com/DQmVYYtxzjdeQwi9wxgzpyb5uYy1iFkaMn9BNd2tBK6zD7Z/IMG_20171126_223348.png)\n\n**Hdac platform** in its architecture uses combination of private and public blockchain to achieve unattainable transaction speeds which are not possible previously.\n\n In IoT environment the devices are able to communicate each other according to their pre determined conditions, to securely recording operational details and scenario based IoT contracts within a private blockchain but private blockchain usage is possible only when there is a proper integration between public blockchain is available. In this case, Hdac platform will be a public blockchain effectively used with multiple private blockchains. Hdac platform is also using **Quantum random number technology** to completely eliminate the possibility of hacking the wallets from hackers.\n\n![IMG_20171126_223256.png](https://steemitimages.com/DQmTgCgPRYrFqxdfjjKZjtYjeS4i7EDyv51b1H7m3W4WdNL/IMG_20171126_223256.png)\n\nThe integration between public and private blockchains are necessary due to the large no of transactions cannot be handled independently by the public blockchains. As of now the popular public blockchains like Bitcoin and Ethereum are able to handle only 3 to 5 tx per second, which never meets the global IOT ecosystem.\n\n\n\n\n**Hdac platform** introduces it's smart token called **Hdac token** to enable payments between devices and between user - devices in IoT environment. Hdac token can be used with specific purposes by using IoT contract function between devices or between user - devices. *For Example :* Parents transfer the tokens to minor for specific use case where the minor is restricted to use for purchase of alcohol, cigarettes with the tokens transferred when the minor do transaction with vending machine.\n\n### Hdac Token Generation,Mining and Rewards\n\nThe total token amount of the Hdac blockchain is **12 billion DAC**. The first block reward begins with **5,000DAC** before token halving. The block generation cycle is *3 minutes*, and halving is set to reduce the reward by half for every **1,032,000 blocks**. That is, the block reward is reduced by half approximately every 71 months since the Genesis block was created. \n\n\nTo create an Ecosystem for IoT payments the Hdac foundation is partnered with **Doublechain** - *Blockchain core/ Virtual account development*, **Korea digital exchange** - *Digital Asset Exchange* and formed **Digital Transformation community (DTC)**.\n\n\n### Hdac Team and Advisors\n\n![download_1511529095026.jpg](https://steemitimages.com/DQmRgrUrCNuWmL5zehdsx5gRCnQqsB6JDJmYUz4KBLsj3cV/download_1511529095026.jpg)\n\n![download (3)_1511716884711.jpg](https://steemitimages.com/DQmYAp8sL8y2mT4cWGGf1iG5WRpBDiNJEnBW54UukWjVm91/download%20(3)_1511716884711.jpg)\n\n### The Crowdsale details\n\nHdac platform will start its crowdsale from **Nov 27th, 2017** and will end on **22nd December, 2017**.\n\n![download (2).jpg](https://steemitimages.com/DQmS27GR6s4fSgwS3xQke4e7QsxBsCAyrESsM6WFeiV28jv/download%20(2).jpg)\n\nRate **1 BTC = 22000 DAC** (including discount)\n\nThere is only 7% of total tokens offered for public crowdsale which constitutes around 9000 BTC \n\nTo contribute in Crowdsale visit *https://hdac.io*\n\nTo know more about Hdac project download whitepaper from *https://github.com/Hdactech/Hdac/wiki/Hdac-Technical-Whitepaper#executive-summary*\n\nBitcointalk Profile link : *https://bitcointalk.org/index.php?action=profile;u=978916*\n\nBitcointalk Profile name: **Satish147**\n\nBitcoin address : **1CjWHXT6LEgoQ49kZCSKBov4UmoYa8pDXx**",
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