This article is the perfect guide to help you create one if you are looking to build a Bitcoin wallet application. Technology has been revolutionising the digital currency sector by introducing currencies independent of the market’s physical status and with a completely decentralised system.

With Bitcoin, there is a possibility to have real-life virtual money, and it can be redeemed to be exchanged for products. When talking about currency with no physical existence, there has to be a way to keep them for better allocation.

Thus, the need for wallets, with a Bitcoin wallet app, you can have instant access to send and receive bitcoins with being private and anonymous at the same time.

Initially, this might seem a bit hard to get a hold of things, to understand how this works.

To make it an easy process, let us break it down into steps

Basics of bitcoin and its significance

What is bitcoin Wallet ?

Building an app from scratch 

How a bitcoin wallet app functions ?

Technology stack required

The primary term blockchain means a collaboration of informative digital datasets connected with the help of chains cryptographically. The best part about the blockchain mechanism is that it can be unchanged.

There is complete transparency. There is no intervention from intermediaries like the government and the banks eliminating additional costs. 

The data is accessible through any device but is unbreakable due to its encryption.

Bitcoin is a result of an idea that Satoshi Nakatomi had in 2009, who coined the term digital currency. This led to the inventions of much more coins in the same stream.

There are more than 5000 cryptocurrencies in the global market, and the numbers are still growing.

A bitcoin wallet is a safe and secure place to store, buy, and sell bitcoins or any other cryptocurrencies. 

Three Ways To Access The Wallet With The Help Of The Following

This can be electronic safe deposits or wallets that can be accessed with desktops and mobile devices.

The data regarding the account and coin details are stored on a hardware device for better accessibility at all times.

 Paper format print-outs are visual proof of existence for bitcoins, making it a liability as it always poses a threat of getting misplaced and destroyed.

It is always recommended to use pre-existing methods for the blockchain wallet development process in the initial stages. There are quite a few tools and methods that are adopted by many developers, as they are easily compatible with the wallet app and also process each transaction made through the blockchain network. 

To build an app requires coding with significant programming skills. Here is a list of things that a programmer needs to address to avoid failures during the first time.

For Better Ease Of Flow, It Is In The Approach Towards Each Of These Steps.

A Bitcoin wallet transaction is made based on an asymmetric key with cryptography for better security. This can be accessed with the help of a public key and private key.

When a transaction is made from one account to another through a wallet, there is an exchange of coins from the owner to the seller.

These transactions are recorded and analysed with the help of respective Bitcoin wallets. Learn More Difference Between Ethereum and Bitcoin

There is an abundance of public libraries that can be used for blockchain app development  in the online space. One can use these libraries to implement the standard functionalities.

 If looking to build a web application, Angular JS 4.0 must build the front end and HTML5 and CSS3, whereas for the backend Node JS is used.

The Android app will require the code input from Java to build an extensive frontend, and as for the API services, Python should be implemented for the backend.

In the case of the IOS app, the swift method can be implemented, which is similar to the Android version using Node JS or Python.

The bitcoin wallet app can be provided better security with additional features such as 2-step authorisation. This will raise any irregular activity related to the account.

This is due to the rise in popularity of bitcoins and the wallets to store them. It’s essential to be secured and have configured the features right to rest depending on the wallet’s usability.

Bitcoin has proven to be a big game-changing player in the market; it’s essential to stay updated with the newest developments in the crypto world. Simultaneously, there are continuous efforts to build a bitcoin wallet, as the demand for them has skyrocketed.

Though it is challenging to build a wallet, with high rewarding compensation for such solutions, there would be a great position to hold in the lucrative market.

 It is a great time to start Blockchain app development. The rise in popularity of bitcoin apps has increased the demand for bitcoin wallet apps, where the only expectations from an online wallet is to be safe and secure.

It is certain that in the coming years other currencies would also require crypto wallets and the demand for them would be consistent.

Blockchain is an emerging technology and will find its applications in almost all industries in the future. If you understand the blockchain basics and wish to become a blockchain developer or want to learn more about blockchain to make a career in this field, upGrad, in association with IIITB and IMT, provides several courses on Blockchain for working professionals to learn and upgrade their career. If you are interested in blockchain, you can visit these courses:

With Web 3.0 and blockchain becoming more mainstream every day, do you know what blockchain is? Do you know its technical advantages and use-cases?

The goal of this tutorial is to introduce blockchain technology from a technical perspective by building one from scratch.

Forget everything you've heard about blockchain from social media. Now, you will build a blockchain system from ground zero to really understand the ins and outs of this peer-to-peer, distributed technology.

Afterwards, make your own mind up about its future and advantages. Spoiler alert: you will fall in love with programming blockchain software.

You will follow the story of a software developer who is looking to revolutionize his local bar by implementing blockchain technology for its payment system.

Although blockchain has several undeniable use-cases, at the moment, the number one application is payments. This is because banks are still running on an inefficient, 40 year old infrastructure powered by CSV files and FTP.

The story comes with a lot of fun and intriguing facts about the overall blockchain ecosystem and different protocols such as Bitcoin, Ethereum and XRP.

So let's get started and jump into our story.

Andrej is a bar owner by night and a software developer by day in a small Slovakian town called Bardejov.

Andrej is tired of:

Andrej would love to:

His goal is to write a simple program and keep all the balances of his clients in virtual form.

Andrej shares his thoughts here:

"Every new customer will give me cash, and I will credit them an equivalent amount of my digital tokens (coins/cryptocurrency). The tokens will represent a monetary unit within and outside the bar.

The users will use the tokens for all bar functionalities from paying for drinks, borrowing and lending them to their friends, and playing table tennis, poker and kicker.

Having a bar powered by blockchain tokens will generate tons of value for my customers. Contrary to my competition and other bars on this street, where the customers only spend money and get a hangover in exchange, my bar customers holding bar's tokens will have shareholders rights.

Similar to owning a large portion of stocks in a company like Apple or Microsoft, the customers holding these bar tokens will be able to decide how the bar will operate by voting and deciding on:

Oh, this will be a programming dream!

I will call the tokens: The Blockchain Bar tokens, TBB!"

Now that Andrej has shared his dream, we'll get started.

Let's dive into our tutorial. I recommend 2+ years of programming experience in Java/PHP/Javascript, or another language similar to Go.

If you want to get a good quick intro to go, here's a free course that'll get you started.

You can also complete the official 17 lectures of A Tour Of Go to get familiar with the language syntax and basic concepts (~20 mins).

Because like blockchain, it's a fantastic technology for your overall programming career. Go is a trendy language and Go devs are better paid than the average Java/PHP/Javascript positions.

Go is optimized for multi-core CPU architecture. You can spawn thousands of light-weight threads (Go-routines) without problems. It's extremely practical for highly parallel and concurrent software such as blockchain networks.

By writing your software in Go, you achieve nearly C++ level of performance out of the box without killing yourself for that one time you forgot to free up memory.

Go also compiles to binary which makes it very portable.

This article has a dedicated open-sourced Github repository with full source code so you can compile the code and run the program on your own local machine.

If you get stuck at any chapter or a particular line of code, create a Github Issue in this repository describing your problem and I will help you out ASAP!

↓ Visit the Github repository and follow the installation instructions ↓

✍ git checkout c1_genesis_json

Andrej mastered relational SQL databases in the 90s. He knows how to make advanced data models and how to optimize the SQL queries.

It's time for Andrej to catch up with innovation and start building Web 3.0 software.

Luckily, after reading "The Lean Startup" book last week, Andrej feels like he shouldn't over-engineer the solution just yet. Hence, he chooses a simple but effective JSON file for the bar's MVP database.

In the beginning, there was a primitive centralized database.

Blockchain is a database.

Monday, March 18.

Andrej generates 1M utility tokens.

In the blockchain world, tokens are units inside the blockchain database. Their real value in dollars or euro fluctuates based on their demand and popularity.

Every blockchain has a "Genesis" file. The Genesis file is used to distribute the first tokens to early blockchain participants.

It all starts with a simple, dummy genesis.json.

Andrej creates the file ./database/genesis.json where he defines that The Blockchain Bar's database will have 1M tokens and all of them will belong to Andrej:

The tokens need to have a real "utility", that is a use case. Users should be able to pay with them from day 1!

Andrej must comply with law regulators (the SEC). It is illegal to issue unregistered security. On the other hand, utility tokens are fine, so right away he prints and sticks a new pricing white p̶a̶p̶e̶r̶ poster on the bar's door.

Andrej assigns a starting monetary value to his tokens so he can exchange them for euro, dollars, or other fiat currency.

Andrej also decides he should be getting 100 tokens per day for maintaining the database and having such a brilliant disruptive idea.

Blockchain is a database.

The token supply, initial user balances, and global blockchain settings you define in a Genesis file.

✍ git checkout c2_db_changes_txt

Monday, March 25.

After a week of work, the bar facilities are ready to accept tokens. Unfortunately, no one shows up, so Andrej orders three shots of vodka for himself and writes the database changes on a piece of paper:

To avoid recalculating the latest state of each customer's balance, Andrej creates a ./database/state.json file storing the balances in an aggregated format.

Tuesday, March 26.

To bring traffic to his bar, Andrej announces an exclusive 100% bonus for everyone who purchases the TBB tokens in the next 24 hours.

Bing! He gets his first customer called BabaYaga. BabaYaga pre-purchases 1000€ worth of tokens, and to celebrate, she immediately spends 1 TBB for a vodka shot. She has a drinking problem.

DB transactions written on a piece of paper:

Blockchain is a database.

The token supply, initial user balances, and global blockchain settings you define in a Genesis file.

The Genesis balances indicate what was the original blockchain state and are never updated afterwards.

The database state changes are called Transactions (TX).

✍ git checkout c3_state_blockchain_component

Developers used to event-sourcing architecture must have immediately recognized the familiar principles behind transactions. They are correct.

Blockchain transactions represent a series of events, and the database is a final aggregated, calculated state after replaying all the transactions in a specific sequence.

Tuesday evening, March 26.

It's a relaxing Tuesday evening for Andrej. Celebrating his first client, he decides to play some Starcraft and clean up his local development machine by removing some old pictures.

Unfortunately, he prematurely pressed enter when typing a removal command path in terminal sudo rm -rf /. Oops.

All his files, including the bar's genesis.json and state.json are gone.

Andrej, being a senior developer, repeatedly shouted some f* words very loudly for a few seconds, but he didn't panic!

While he didn't have a backup, he had something better — a piece of paper with all the database transactions. The only thing he needs to do is replay all the transactions one by one, and his database state will get recovered.

Impressed by the advantages of event-based architecture, he decides to extend his MVP database solution. Every bar's activity, such as individual drink purchases, MUST be recorded inside the blockchain database.

Each customer will be represented in DB using an Account Struct:

Each Transaction (TX - a database change) will have the following four attributes: from, to, value and data.

The data attribute with one possible value (reward) captures Andrej's bonus for inventing the blockchain and increases the initial TBB tokens total supply artificially (inflation).

The Genesis DB will remain a JSON file:

All the transactions, previously written on a piece of paper, will be stored in a local text-file database called tx.db, serialized in JSON format and separated by line-break character:

The most crucial database component encapsulating all the business logic will be State:

The State struct will know about all user balances and who transferred TBB tokens to whom, and how many were transferred.

It's constructed by reading the initial user balances from genesis.json file:

Afterwards, the genesis State balances are updated by sequentially replaying all the database events from tx.db:

The State component is responsible for:

Adding new transactions to Mempool:

Persisting the transactions to disk:

Changing, Validating the state:

Andrej wants to have a convenient way to add new transactions to his DB and list the latest balances of his customers. Because Go programs compile to binary, he builds a CLI for his program.

The easiest way to develop CLI based programs in Go is by using the third party github.com/spf13/cobra library.

Andrej initializes Go's built-in dependency manager for his project, called go modules:

✍ cd ogramming-newsletter-edition

✍ go mod init wsletter-edition

The Go modules command will automatically fetch any library you reference within your Go files.

Andrej creates a new directory called: cmd with a subdirectory tbb:

✍mkdir -p ./cmd/tbb

Inside he creates a main.go file, serving as the program's CLI entry point:

The Go programs are compiled using the install cmd: ✍ go install ./cmd/tbb/...

Go will detect missing libraries and automatically fetch them before compiling the program. Depending on your $GOPATH the resulting program will be saved in the $GOPATH/bin folder.

✍echo $GOPATH

✍which tbb

You can run tbb from your terminal now, but it will not do anything because the Run function inside the main.go file is empty.

The first thing Andrej needs is versioning support for his tbb CLI program.

Next to the main.go file, he creates a version.go command:

Compiles and runs it: ✍ go install ./cmd/tbb/... ✍ tbb version

Version: 0.1.0-beta TX Add && Balances List

Identically to the version.go file, he creates a balances.go file:

The balances command will be responsible for loading the latest DB State and printing it to the standard output:

Andrej verifies if the cmd works as expected. It should print the exact balances defined in the Genesis file because the tx.db file is still empty.

✍ go install ./cmd/tbb/...

✍ tbb balances list

Works well! Now he only needs a cmd for recording the bar's activity.

Andrej creates ./cmd/tbb/tx.go cmd:

The tbb tx add cmd uses State.Add(tx) function for persisting the bar's events into the file system:

The tbb tx add cmd has 3 mandatory flags: --from, --to and --value.

The CLI is done!

Andrej migrates all transactions from paper to his new DB:

✍ tbb tx add --from=andrej --to=andrej --value=3

✍tbb tx add --from=andrej --to=andrej --value=700

✍tbb tx add --from=babayaga --to=andrej --value=2000

✍tbb tx add --from=andrej --to=andrej --value=100 --data=reward

✍tbb tx add --from=babayaga --to=andrej --value=1

Read all TXs from disk and calculate the latest state:

Bar data successfully restored! Phew, what a night!

The good thing about the Cobra lib for CLI programming is the additional features it comes with. For example, you can now run: tbb help cmd and it will print out all TBB registered sub-commands with instructions on how to use them.

The token supply, initial user balances, and global blockchain settings are defined in a Genesis file.

The Genesis balances indicate what the original blockchain state was and are never updated afterwards.

The database state changes are called Transactions (TX).

Transactions are old fashion Events representing actions within the system.

Commit: 5d4b0b

Let's talk about greed.

✍ git checkout c4_caesar_transfer

Wednesday, March 27.

BabaYaga invested a bit too much. She forgot her flat rent payment was around the corner, and she doesn't have the money. BabaYaga calls her flat owner, Caesar.

BabaYaga: Hey Caesar, I am sorry, but I don't have the cash to pay you the rent this month…

Caesar: Why not?

BabaYaga: The Blockchain Bar ICO offered a massive bonus, and I purchased 2000€ worth of tokens for just 1000€. It was a great deal!

Caesar: What the heck are you talking about? What is an ICO? What on earth are tokens? Can you pay me in some other way?

BabaYaga: Oh, not again. I can give you 1000 TBB tokens worth 1000€, and you can use them in the bar to pay for your drinks! Let me call the bar owner, Andrej, and make the transfer!

Caesar: All right... I will take it.

Andrej performs the transfer, but decides to charge an extra 50 TBB tokens for his troubles. He doesn't want to, BUT the bar shareholders who invested in him a few years ago are forcing him to generate profit as soon as possible.

BabaYaga won't notice this relatively small fee most likely anyway, Andrej tells himself. In the end, only he has the DB access.

// Rent payment

✍tbb tx add --from=babayaga --to=caesar --value=1000

// hidden fee charge

✍ tbb tx add --from=babayaga --to=andrej --value=50

// new reward for another day of maintaining the DB

✍ tbb tx add --from=andrej --to=andrej --value=100 --data=reward

Commit: 00d6ed

✍ git checkout c5_broken_trust

Thursday, March 28.

BabaYaga enters the bar for her birthday.

BabaYaga: Hey, Andrej! Today is my birthday! Get me your most expensive bottle!

Andrej: Happy birthday! Here you go: Crystal Head Vodka. But you need to purchase one additional TBB token. The bottle costs 950 tokens, and your balance is 949.

BabaYaga: What?! My balance is supposed to be 999 TBB!

Andrej: The funds transfer to Caesar you requested last week cost you 50 tokens.

BabaYaga: This is unacceptable! I would never agree to such a high fee. You can't do this, Andrej. I trusted your system, but you are as unreliable as every other business owner. Things must change!

Andrej: All right, look. You are my most loyal customer, and I didn't want to charge you, but my shareholders forced me.

Let me re-program my system and make it completely transparent and decentralized. After all, if everyone were able to interact with the bar without going through me, it would significantly improve the bar's efficiency and balance the level of trust!

BabaYaga: Well, it certainly sounds good, but is this even possible?

Andrej: Yes, I think so. With a bit of hashing, linked lists, immutable data structure, distributed replication, and asymmetric cryptography!

BabaYaga: I have no idea what you have just said but go and do your geeky thing, Andrej!

Closed software with centralized access to private data allows for just a handful of people to have a lot of power. Users don’t have a choice, and shareholders are in business to make money.

Blockchain developers aim to develop protocols where applications' entrepreneurs and users synergize in a transparent, auditable relationship. Specifications of the blockchain system should be well-defined from the beginning and only change if its users support it.

Blockchain is a database. The token supply, initial user balances, and global blockchain settings are defined in a Genesis file. The Genesis balances indicate what was the original blockchain state and are never updated afterwards.

The database state changes are called Transactions (TX). Transactions are old fashion Events representing actions within the system.

Commit: 642045

✍ git checkout c6_immutable_hash

The technical difficulty starts with this section! The concepts will only get more challenging but at the same time, very exciting. Buckle up :)

Friday, March 29.

If Andrej wants to figure out how to program an immutable DB, he has to realize why other database systems are mutable by design.

He decides to analyze an all-mighty MySQL DB Table:

In MySQL DB, anyone with access and a good enough reason can perform a table update such as:

Updating values across different rows is possible because the table rows are independent, mutable, and the latest state is not apparent.

What’s the latest DB change? Last column changed? Last row inserted? If so, how can Andrej know what row was deleted recently? If the rows and table state were tightly coupled, dependent, a.k.a, updating row 1 would generate a completely new, different table, Andrej would achieve his immutability.

Hashing is process of taking a string input of arbitrary length and producing a hash string of fixed length. Any change in input, will result in a new, different hash.

Try it: https://play.golang.org/p/FTPUa7IhOCE

Andrej also requires some level of security for his database, so he decides for a Cryptographic Hash Function with the following properties:

Saturday Evening, March 30.

Andrej modifies the Persist() function to return a new content hash, Snapshot, every time a new transaction is persisted.

The Snapshot is produced by this new sha256 secure hashing function:

The doSnapshot() is called by the modified Persist() function. When a new transaction is written into the tx.db file, the Persist() hashes the entire file content and returns its 32 bytes "fingerprint" hash.

From this moment, everyone can 100% confidently and securely refer to any particular database state (set of data) with a specific snapshot hash.

1/4 Run the tbb balances list cmd and check the balances are matching.

2/4 Remove the last 2 rows from ./database/tx.db and check the balances again.

3/4 Reward Andrej for the last 2 days (from 28th to 30th of March):

Reward Transaction 1:

Reward Transaction 2:

4/4 Run the tbb balances list cmd and ensure the balances and the snapshot hash is the same as at the beginning.

Done!

Because the cryptographic hash function sha256 produces the same output (given the same inputs (current tx.db and 2x tbb tx add)), if you follow the exact steps on your own computer, you will generate the exact same database state and hashes!

Closed software with centralized access to private data puts only a few people to the position of power. Users don’t have a choice, and shareholders are in business to make money.

Blockchain developers aim to develop protocols where applications' entrepreneurs and users synergize in a transparent, auditable relation. Specifications of the blockchain system should be well defined from the beginning and only change if its users support it.

Blockchain is an immutable database. The token supply, initial user balances, and global blockchain settings you define in a Genesis file. The Genesis balances indicate what was the original blockchain state and are never updated afterwards.

The database content is hashed by a secure cryptographic hash function. The blockchain participants use the resulted hash to reference a specific database state.

Commit: b99e51

You finished the first few chapters! Congratulations!

█▒▒▒▒▒▒▒▒▒ 10%

But this was just a quick warm-up. Blockchain is a very challenging and extensive technology, and you would need an entire book explaining how to build the full system and all of its components from scratch - so I wrote one.

You can continue reading in the next free chapter in my newsletter version of "The Blockchain Way of Programming" eBook.

07 | The Blockchain Programming Model

Learning: You redesign and refactor your MVP database into a blockchain architecture.

Thanks for reading!

Start WritingReadTechAIAutomationBusinessDataData ScienceDeep ingMeaning of LifeRoboticsSelf-Driving CarsStartupsVenture CapitalVirtual llersMVPNodeJSOpen BitcoinBitcoin CashBitcoin SpotlightBlockchainCoilCryptocurrencyCardanoDAppsDoes It Work?DWebEOSEthereumFinanceLibraMind BlownRippleSpaceTetherTwitterTop Stories0Write0Listen0LearnWeb DevelopmentAngular 🔗Complete Javascript Course 2020 🔗Cyber Security🔗Design PatternsFeynman TechniqueIn 30 DaysIn 6 MonthsLearning to CodeLearning to LearnLearning via GamesWeb Developer Bootcamp 🔗Web Developer Zero to Mastery🔗Data ScienceWhat is it?Best 50 Sites to Learn itData EngineeringData Science Course 2020 🔗Deep Learning A-Z 🔗Deep Learning vs. Machine LearningLoveML EssentialsPG Program in Artificial Intelligence and Machine Learning 🔗Optimize Your CVPython for Machine Learning 🔗Statistics for Data Science and Business Analysis🔗Zero to H...LanguagesBlockchainC C# C++GoHTML & CSS🔗Javascript🔗Java 🔗PHPPython 🔗MongoDB 🔗Ruby on RailsSQL 🔗In Partnership With UdemyAdvertisePostCorporate Blog PostsTech News ReleasePlace an AdTargeted Niche MarketingSitewide TakeoverAboutAboutA Recent StoryCEOCOOCPOEquity CrowdfundingIn Six Words or LessLinkedInOn the GramOur PodcastTech GIFsWriteAdd Coil Meta TagBetter HeadlinesCreate Your Own Call To ActionHelp SectionGet PublishedSubmit a Story ChecklistTroubleshooting Account CreationWriting GuideWrite NowNoonies 2020Back to the InternetDecentralizationFAQFuture HeroesInterviewsPodcastSoftwareStoriesTechnologyVideo2019 Inaugerial WinnersTech CompaniesTech Company News racleTeslaTencentTwitterUberSee All 913 Tech CompaniesExperts 📞0

Start WritingReadTechAIAutomationBusinessDataData ScienceDeep ingMeaning of LifeRoboticsSelf-Driving CarsStartupsVenture CapitalVirtual llersMVPNodeJSOpen BitcoinBitcoin CashBitcoin SpotlightBlockchainCoilCryptocurrencyCardanoDAppsDoes It Work?DWebEOSEthereumFinanceLibraMind BlownRippleSpaceTetherTwitterTop Stories0Write0Listen0LearnWeb DevelopmentAngular 🔗Complete Javascript Course 2020 🔗Cyber Security🔗Design PatternsFeynman TechniqueIn 30 DaysIn 6 MonthsLearning to CodeLearning to LearnLearning via GamesWeb Developer Bootcamp 🔗Web Developer Zero to Mastery🔗Data ScienceWhat is it?Best 50 Sites to Learn itData EngineeringData Science Course 2020 🔗Deep Learning A-Z 🔗Deep Learning vs. Machine LearningLoveML EssentialsPG Program in Artificial Intelligence and Machine Learning 🔗Optimize Your CVPython for Machine Learning 🔗Statistics for Data Science and Business Analysis🔗Zero to H...LanguagesBlockchainC C# C++GoHTML & CSS🔗Javascript🔗Java 🔗PHPPython 🔗MongoDB 🔗Ruby on RailsSQL 🔗In Partnership With UdemyAdvertisePostCorporate Blog PostsTech News ReleasePlace an AdTargeted Niche MarketingSitewide TakeoverAboutAboutA Recent StoryCEOCOOCPOEquity CrowdfundingIn Six Words or LessLinkedInOn the GramOur PodcastTech GIFsWriteAdd Coil Meta TagBetter HeadlinesCreate Your Own Call To ActionHelp SectionGet PublishedSubmit a Story ChecklistTroubleshooting Account CreationWriting GuideWrite NowNoonies 2020Back to the InternetDecentralizationFAQFuture HeroesInterviewsPodcastSoftwareStoriesTechnologyVideo2019 Inaugerial WinnersTech CompaniesTech Company News racleTeslaTencentTwitterUberSee All 913 Tech CompaniesExperts 📞0

What do you give a middle-aged pop star who seemingly has everything? If you are the government of Senegal, you give him permission to build his own city. You also give him the go-ahead to power the economy of that city entirely with cryptocurrency. Sound far-fetched? It's not. Akon (Aliaune Damala Bouga Time Puru Nacka Lu Lu Lu Badara Akon Thiam), the 46-year-old Senegalese American singer and producer has been working on plans to build Akon City for several years. He just received government clearance to begin working on the project utilizing some 2,000 acres of land just outside of Dakar. Once Akon City is ready to begin receiving visitors, it will be marketed as a sustainable ecotourism destination.Powering Akon City's economy will be Akon's very own cryptocurrency, known as Akoin. Cointelegraph reports that Akoin will be "at the center of transactional life" and likely the only currency tourists will be able to spend inside the city. However, that remains to be seen. Indeed, a lot of what Akon promises with his new city remains to be seen.Crypto's sustainability problem Sustainability and environmental friendliness are the name of the game in Akon City. The singer and his partners absolutely want the city to be a model of sustainability throughout Africa. As such, the city will focus on sustainability in everything from renewable energy to transportation. And yet, there seems to be a slight problem: cryptocurrency has a sustainability problem.If you know anything about Bitcoin, you know that mining it requires tremendous energy resources. According to the Bitcoin Energy Consumption Index, Bitcoin miners consume more than 51 TWh of electricity every year. Electric consumption is expected to jump above 73 TWh annually in the very near future.If those numbers do not mean much to you, try this one: the amount of power consumed while processing just a single Bitcoin transaction is enough to power 22 American homes for a single day. Now do you understand the scale we are talking about here?All of the cryptocurrency mining going on in the world right now consumes a ton of electricity. Producing that electricity consumes natural resources like oil and gas. It also produces CO2 when those fossil fuels are burned. This does not work well when your goal is to be as environmentally friendly and sustainable as possible.Akon City is destined to become Africa's first certified Leadership in Energy and Environmental Design (LEED) city. Still, no one is quite sure how Akoin will power the city's economy without hampering efforts to be eco-friendly and sustainable.The carbon credit solution There is no way to get around the excessive power needs that come with cryptocurrency mining. The nature of blockchain simply demands too much raw computing power. Having said that, environmental activists have proposed a way of making cryptocurrencies more sustainable. They propose offsetting crypto's energy consumption with carbon credits.A carbon credit is essentially a permit allowing a business to produce so much carbon dioxide. The credits are purchased from issuing agencies who then ostensibly turn around and use the money to offset carbon emissions by planting trees, investing in renewable energy, etc. Carbon credits and offsets are not mandatory anywhere in the world yet, but that might change in the future.Imagine Akon City buying a massive amount of carbon credits in order to have permission to run the city on Akoin. They could use some of the money raised by those credits to fund their own renewable energy solutions. Though it would be circular investing, it would allow the city to say that its cryptocurrency is more sustainable than, say, Bitcoin.The city could also sell any excess credits it did not need, increasing revenue that could be put into infrastructure and services. All the while, Akoin would be the currency that makes the city run. Tourists planning a visit would purchase Akoin on a cryptocurrency exchange, spend whatever they want in the city, then convert whatever remains back to fiat or another crypto.The question is whether or not carbon credits would be enough to offset all of the unsustainable activities going on in Akon City. It is a legitimate question that will have no answer until the city is up and running. But knowing what we know about the laws of physics, chemistry and human behavior, there is reason to believe that Akon City will not be as sustainable and eco-friendly as its planners hope.Daily life with Akoin For the remainder of this post, we will set aside Akon City's environmental and sustainable goals and concentrate only on daily life with Akoin. This is an important exercise inasmuch as the world is inevitably heading in the direction of totally eliminating all cash. At some point, we will all be conducting our daily business exclusively with digital currencies.You may be of the opinion that the future belongs to private cryptocurrencies like Bitcoin. On the other hand, you might be sold on the idea of central bank distributed currencies replacing what we now know as fiat. What the digital currencies of the future look like is less important than the fact that we will all be using them sooner or later. There is fast coming a day when cash is extinct.If Akon City has enough infrastructure and buildings in place to start welcoming tourists five years from now, they could very well be the first legally recognized municipality with an economy that runs entirely on cryptocurrency. Let us imagine what that might be like.A wallet on your phone The first thing you need if you intend to transact business with cryptocurrency is a wallet. No, not a leather wallet embossed with your initials. You need a digital wallet capable of holding your digital coins. Those of us who possess Bitcoin even now do so with digital wallets. Some Bitcoin holders use online wallets while others keep their wallets on their computers or mobile devices.In Akon City, wallets will be utilized on cell phones. There doesn't seem to be any way around it. A digital wallet will have to be mobile to enable you to pay for things at various merchants around town. You cannot very well carry your laptop computer everywhere you go, so that leaves your phone.It is theoretically possible that city planners could come up with a purpose-built hardware device similar to a USB flash drive but doing so seems completely unnecessary when smartphones will do the job adequately enough. Thus, it is highly likely that the phone will become the payment vehicle of necessity in Akon City.Pay by swiping Imagine you are lucky enough to be hired as an Akon City employee. You get paid in Akoin every two weeks. When it's time to buy something at a local store, making payment is as simple as swiping your phone. You are not fumbling around trying to retrieve a plastic card or count coins at the cash register.Truth be told, you might not even have to swipe your phone to pay. You might just have to hold your phone close to a payment terminal so that the two can communicate with one another. The terminal would initiate a transaction requesting your phone push coin from your wallet to the merchant's. The entire thing takes less than a second.You may decide to help a family member who is facing tough financial times. Rather than handing that family member cash or writing a check, you pull out your phone and transfer some Akoin to his wallet. He immediately has access to the money. He doesn't have to go to the bank or run down to his local MoneyGram outlet.No more chargebacks Akoin payments will also be quite different from the merchant's perspective. For example, merchants will no longer be subject to chargebacks and the expense that comes with them. Why? Because chargebacks are impossible with immutable cryptocurrencies. Immutability is one of the hallmarks of cryptocurrency security.The principle of immutability dictates that transactions, once verified and added to the blockchain, cannot be modified or deleted. A verified transaction becomes a permanent transaction that will forever remain in the record. That means there can be no chargebacks even if customers are unhappy and are demanding a refund.Needless to say that eliminating chargebacks is a huge benefit to merchants. Under our current financial system, merchants are always at a disadvantage when embroiled in disputes with customers. Their disadvantage is the result of credit card companies and payment processors taking the customer's side regardless of who is right or wrong. Customers get their money back and merchants get the privilege of paying a fee for the chargeback.Eliminating chargebacks levels the playing field for merchants. Because they do not have credit card companies and payment processors standing over their shoulders and forcing them to offer a refund, merchants are free to work with each unhappy customer on an individual basis. This allows them to find creative ways to solve problems without suffering economic loss.Completion of Akon City is expected to take between 50 and 100 years. Akon himself is unlikely to live long enough to see it finished. Once fully operational, the city should be a shining example of what future cities will look like. At the heart of it all will be an economy powered by cryptocurrency. That is pretty amazing.Byline: This article was published by Henry. About: I'm a bitcoin advocate and admin of Coinbet.com. Next article: What is the difference between stablecoins and CBDCs?Why real-world utility is the Holy Grail of cryptocurrency27/01/2020Cryptocurrency enthusiasts talk frequently of real-world utility. They... What if cash were new and cryptocurrency old?26/01/2020Cryptocurrency takes a lot of heat from people who don't like it. But ... Create a crypto, build a city from scratch25/01/2020Imagine a futuristic city built around the principles of sustainabilit... What is the difference between stablecoins and CBDCs?21/01/2020As cryptocurrency has evolved, we have witnessed the emergence of stab... Could Bitcoin prove a wartime safe haven?19/01/2020It wasn't long ago that the crypto community was discussing Bitcoin as... Akoin Akoin

Albert Isola, Gibraltar’s Minister for Financial Services and Gaming, spends a lot of time thinking about blockchain. That’s because over the past few years, Gibraltar has been trying to become something of a hotspot for crypto commerce in Europe; Isola’s charge is to oversee regulation without stifling growth.

Officially, Gibraltar is an overseas territory of the United Kingdom, much like Turks and Caicos or Bermuda. But Gibraltar is unique among these British territories in that it’s in continental Europe, at the southernmost tip of the Iberian Peninsula. It has its own currency—the Gibraltar pound—which is exchangeable with the British pound, but technically distinct. And its government, though very much partnered with the UK’s, is its own entity.

In an interview on the Decrypt Daily podcast yesterday, Isola offered a glimpse into more of his thinking on blockchain and elaborated on some of his plans to turn Gibraltar into a haven for blockchain users. 

“There is a whole string of different reasons as to why we would want to engage with digital currencies,” said Isola. “It's not so much a burning need to have an alternative currency, but more wanting to encourage innovation, fully understanding that innovation can only happen if it comes within some form of regulatory framework.”

Isola explained that the Gibraltarian government is setting up blockchain education plans to spread the gospel. “We have set up courses, hand in hand with private sector firms,” he said, “to leverage their expertise at our teaching establishments, like our university, in furthering education and knowledge and research in the blockchain space.”

Isola also spoke about some of the unique challenges Gibraltar faces as a British territory. He explained that the government’s small size gives it a unique opportunity. “All small territories like ours have to be agile,” he said. “And the agility is what gives us the ability to provide niche markets, and be good at them better than some of the larger jurisdictions.”

Agility, in this context, means taking advantage of Gibraltar’s size and encouraging companies to come in and start working with crypto. Isola said the government has already shepherded 15 companies into the blockchain space in the territory, and that 10 more are currently applying to operate from Gibraltar. This doesn’t feel like a big deal, until you consider that there are only 34,000 people living in Gibraltar.

Asked about Bitcoin’s recent surge and what it might mean for the future of crypto adoption, Isola was optimistic: “I believe that there will be greater and greater adoption...as it becomes more and more regulated, and international standards are applied to its usage in the future.”

Soups Ranjan, director of data science and risk at Coinbase, has left the cryptocurrency exchange after three and a half years.Ranjan announced his departure Thursday in a tweet and a lengthy blog post, in which he wrote:“Last week marked the end of my tour of duties at Coinbase where I built many systems and teams from ground up (data, risk, tools, identity). It was an exhilarating three and half years and Coinbase is quite a rocket-ship that I am immensely grateful to have had a front row seat on.”He added that at Coinbase, he started to enjoy “building things from scratch” and suggested that readers “stay tuned” to his next move.Ranjan is on the board of directors of RiskSalon, a monthly roundtable on risk management based in San Francisco Bay Area, which he co-founded with Nate Kugland, data science manager at Airbnb. It’s unclear if he has made any decision about his next career move.It’s also unclear whether Coinbase has filled his position, or intends to. Neither Ranjan nor Coinbase responded to request for comments at press time.Reacting to Ranjan’s announcement, Linda Xie, a former Coinbase manager and the co-founder and managing director of Scalar Capital, tweeted: “End of an era! It was such a pleasure getting to work closely together over the years.”According to Ranjan’s own account, at Coinbase he supervised the risk team,  building security features for users’ accounts, tools “to streamline workflows for legal, compliance, accounting teams” and managing identity verification and know-your-customer (KYC) integration. He also led the data science team working to automate Coinbase’s processes for identity and anti-fraud checks.In his farewell post, Ranjan noted that in the beginning, Coinbase had had “a pretty hard payment fraud problem due to the instant and irreversible nature of cryptocurrencies,” so he and his team developed a system of users’ risk scores and machine-learning-based mechanisms detecting if a customer “is using a stolen payment instrument to purchase cryptocurrencies.”Another accomplishment he listed was the introduction of step-up authentication at Coinbase, when users need to produce additional proof they are who they say they are to sign in when there is a risk of account takeover.He also recalled problems Coinbase ran into during bitcoin’s unprecedented rally in December 2017:“During the crypto bull run of 2017, we had huge backlogs in Identity document verification. We had to turn away several customers. We quickly overhauled our verification infrastructure and went from a fully manual process to one where an automated system does a first pass at annotating and validating IDs followed by a fallback to the manual process.”Ranjan thanked his supervisors and colleagues and Coinbase, noting that it became a kind of “crypto university,” whose alumni gain enough knowledge to start something new and share their expertise with the community.For more updates on who’s going where in the world of blockchains and cryptocurrency, follow @CoinDeskMovers on Twitter and join the CoinDesk Movers and Shakers LinkedIn group.The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Electis is organising an electoral project in cooperation with a network of universities and the financial support of the. For this, Electis is developing a blockchain-based e-voting solution, which is open-source and will be implemented on the. The scientific director of the project is Myrto Arapinis, reader in computer security at the School of Informatics at the University of Edinburgh (UoE). Myrto’s research is focusing on formal verification of cryptographic protocols, with a particular interest for privacy and electronic voting. She developed the E-cclesia protocol, which is being used in the project. In this Interview, Electis is picking her brain about the protocol and her take on decentralised voting. Ivaylo Genev completed his integrated BA with honours and Masters with honours degrees at the University of Edinburgh with Myrto Arapinis as his supervisor. Ivaylo is the lead developer of the e-voting solution of the Cross-University Vote Project, and we are asking him about his work on the topic of e-voting and the challenges that he is facing implementing Myrto’s protocol on the Tezos blockchain. This is an open-sourced project, you can join on , or get ELECTIS: Myrto, how long have you been researching on the topic of e-voting? MYRTO: I think I first started looking at the electronic voting problem in 2010 or 2011. I was particularly interested in applying formal methods and developing tools for the analysis of electronic voting protocols. We were looking in particular at simplifying the verification problem of e-voting schemes through reduction results. More recently, I have been investigating the self-tallying paradigm, in light of the recent developments in distributed systems that we have been witnessing with the development of Blockchain technologies. And in collaboration with Nikolaos Lamprou, Thomas Zacharias, and Lenka Marekova from UoE we developed E-cclesia, a self-tallying voting scheme inspired by tools and techniques deployed for preserving privacy in Blockchain systems. ELECTIS: Has your interest always been decentralized voting? MYRTO: Decentralised voting became of interest to me only more recently. I came into the voting problem, looking at the literature, and most of the solutions were either centralised or trust was being distributed among a small set of authorities. E-cclesia takes a step further towards decentralisation by investigating the self-tallying paradigm. It is the development of Blockchain technologies for decentralised banking that rekindled the idea of decentralised voting. And at the same time Blockchain governance calls for decentralised voting. ELECTIS: What is particularly interesting about e-voting, and what are the problems that blockchain can solve? MYRTO: In our E-cclesia scheme the Blockchain provides a solution for maintaining the bulletin board in a decentralised manner. This is an essential component of a verifiable electronic voting solution. This is the first and most obvious problem that Blockchains can solve in the context of electronic voting. Also, in the sort of technical solution that we are proposing, Blockchains can help with ensuring fairness. That is guaranteeing that intermediate results are not being leaked while the casting phase is still open. We are not there yet, as we do not have efficient constructions, but they seem to provide good building blocks for what we call “time lock encryption” schemes and computational global clocks. This is another issue where I see Blockchain helping — but we are still at the very beginning of these investigations. Furthermore, the Blockchain developments that we are seeing are a source of inspiration and provide solutions to problems that we also encounter in voting. I see that the Tezos community is coming up with a lot of ideas here. They come up with solutions that can also help with voting, for instance, such as the. ELECTIS: You are saying that E-cclesia is based on the ideas of Zerocoin, what exactly do you mean by that? MYRTO: Zerocoin is a blockchain that provides privacy. And the way it provides privacy is by exploiting some particular cryptographic primitives, like dynamic accumulators and signatures of knowledge, and it allows for decoupling the identity of the owner of a coin from the coin itself. So you can prove that you own a coin without leaking who you are. This is very similar to the privacy problem in voting where you want to be able to prove that you are eligible without leaking how you voted. This is where E-cclesia borrows ideas from and meets ZeroCoin. On the other hand again, they don’t have the problems that we face and that has to do with fairness. We use different tools there. But in the anonymity part, we employ the same cryptographic tools as ZeroCoin. ELECTIS: The first step in the voting process is the identification of voters by an election authority. Why does this have to be offline? MYRTO: To be more precise, it is the provision of the eligibility list that takes place offline, everything else happens online. This might be necessary for elections where it is the identity of a user that determines if they are eligible. We have not looked at this aspect yet. Once eligible voters have been enrolled, credentials can be generated by the voters without the need of any trusted party. And these credentials can be used for multiple elections. If another solution becomes available for the population of the eligibility list, we will be able to plug it into E-cclesia. Note that there are solutions out there for decentralising the registration, and that might be particularly well suited for certain types of elections. Think for instance at Blockchain systems where eligibility is determined by the stake of someone in the system rather than his identity. Still, for us, it was not the focus, so we decided to handle this phase offline for now. ELECTIS: Now that you developed E-cclesia — are you still going to develop it further? MYRTO: There is plenty to do. First of all, you asked about the registration and setup authority — we will be looking into it next. As I said, this is still handled in a centralised way, and we will be looking at solutions for decentralising this phase of the scheme too. Turning then to efficiency and scalability, there will be plenty of aspects of the scheme that will need further development and work. And then of course usability needs to be taken into consideration if the scheme is to be used by real people (she says with a smile). For now, we have not touched upon the usability problem at all. Also, on the theoretical side, there is a lot to be done to understand how far one can go with verifiable self-tallying schemes. For instance, E-cclesia does not provide the strongest privacy guarantees one might want for certain elections, such as coercion resistance; that is resistance against vote selling. There are ideas in the literature on how to provide higher levels of privacy but most of them are either not efficient, and cannot be used in large scale elections, or assume the existence of trusted third parties in many steps. A lot more work needs to be done to see if such solutions can be adapted to our setting, or if different techniques are even possible for addressing these issues. More generally, understanding the tradeoff between decentralisation and privacy is important for the future developments of the scheme. This will also dictate in which contexts and for what type of elections E-cclesia can be useful for. ELECTIS: Ivaylo, why did you decide to work on the topic of e-voting during your studies? IVAYLO: It was quite a stroke of luck. Myrto Arapinis was my lecturer, and in the third year of my studies, I had to choose an honours project. Since I liked Myrto’s lecturing style and I was quite interested in security — the theory of security and its implementation — so I applied to all of Myrto’s projects. E-voting and Blockchains sounded very interesting and at the time bitcoin was like (making an upwards gesture). I thought “why not? Let’s learn about blockchains! It might be relevant in the future.” ELECTIS: Do you still think it’s relevant? IVAYLO: To me, the technology is not coupled to the financial sector. Blockchain, at its core, tries to solve the consensus problem, which means getting a whole bunch of machines — with some per cent that might be malicious — to agree on a single value. So, this applies to many scenarios. Transactional history is just one — and to me, it might not even be the most interesting one. But it’s undoubtedly the most profitable. ELECTIS: So you have been involved in the E-cclesia project for a while now… Yes, ever since the start of its implementation. In fact, it was my bachelor’s and master’s honours project. ELECTIS: While working on E-cclesia during your time at university, you have been working with Ethereum. What other blockchains have you been working with and did you have any experience with Tezos before the Cross-University Vote Project? IVAYLO: Before this project, I had zero experience with Tezos. I had only worked with Ethereum, and I had read a couple of papers on some other blockchains that popped up over time. Since Ethereum seemed to be always a couple of steps in front of everybody — in that time I couldn’t go with any of the other choices. The technology just wasn’t there at the time. ELECTIS: What differences have you noticed while now working on Tezos, and what do you think about Tezos in general? IVAYLO: Firstly, from an engineering standpoint, I like the way Tezos developers have gone with their choice of implementational language. I love functional languages. By using that, they are also able to implement frameworks for formal verification, using them you can mathematically prove facts about your smart contract, which is not something that you get for almost any software that you write. What normally engineers will do, they would write some tests, but the passing of the test doesn’t mean that the programme is perfect, it means that under the conditions of the test the programme behaves as expected. I also like the fact that you can use other languages. You can use more mainstream languages to compile down to the domain-specific language on Tezos () — so you don’t need to be an expert on the specifics to that language to start actually writing, which I think is great. And even if you don’t know anything about Michelson, you can still gain the benefit of the formal verification methods that I mentioned. From a theoretical standpoint, one of the main benefits is being able to deal with problems on the chain without having to fork it. In this case, on Tezos, you wouldn’t have to fork it. Here you can have the community vote on the changes to be made. If that vulnerability would have happened on Tezos, instead of the community saying “screw this chain let’s make our own network” they could have said, “let’s instantiate a vote on patching this vulnerability and return all the funds from the account back to the DAO account”. And provided the community agrees, the incident would be resolved without the need to fork. This better retains the network effect of Tezos when decisions have to be made and implemented. ELECTIS: What are the challenges now to put the protocol E-cclesia on Tezos? IVAYLO: I am having mainly the same problems as I had with my implementation on Ethereum — Even less and I will say something about that in a bit. Those problems have to do with getting the implementation of the underlying crypto primitives to work, so I would have to do that no matter what blockchain I am putting it on. This is the hardest and most uncertain bit of the project. It is independent of the blockchain technology used. One thing that is going faster on Tezos is the actual implementation of smart contracts because I don’t have to relearn another language from scratch as I had to do before. I can use one that I already know, like Ocaml or Python to compile it down to Michelson as I specified earlier. So, in terms of getting from zero to something, it’s easier. Written by

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Soups Ranjan, director of data science and risk at Coinbase, has left the cryptocurrency exchange after three and a half years.Ranjan announced his departure Thursday in a tweet and a lengthy blog post, in which he wrote:“Last week marked the end of my tour of duties at Coinbase where I built many systems and teams from ground up (data, risk, tools, identity). It was an exhilarating three and half years and Coinbase is quite a rocket-ship that I am immensely grateful to have had a front row seat on”He added that at Coinbase, he started to enjoy “building things from scratch” and suggested that readers “stay tuned” to his next move.Ranjan is on the board of directors of RiskSalon, a monthly roundtable on risk management based in San Francisco Bay Area, which he co-founded with Nate Kugland, data science manager at Airbnb. It’s unclear if he has made any decision about his next career move.It’s also unclear whether Coinbase has filled his position, or intends to. Neither Ranjan nor Coinbase responded to request for comments at press time.Reacting to Ranjan’s announcement, Linda Xie, a former Coinbase manager and the co-founder and managing director of Scalar Capital, tweeted: “End of an era! It was such a pleasure getting to work closely together over the years.”According to Ranjan’s own account, at Coinbase he supervised the risk team,  building security features for users’ accounts, tools “to streamline workflows for legal, compliance, accounting teams” and managing identity verification and know-your-customer (KYC) integration. He also led the data science team working to automate Coinbase’s processes for identity and anti-fraud checks.In his farewell post, Ranjan noted that in the beginning, Coinbase had had “a pretty hard payment fraud problem due to the instant and irreversible nature of cryptocurrencies,” so he and his team developed a system of users’ risk scores and machine-learning-based mechanisms detecting if a customer “is using a stolen payment instrument to purchase cryptocurrencies.”Another accomplishment he listed was the introduction of step-up authentication at Coinbase, when users need to produce additional proof they are who they say they are to sign in when there is a risk of account takeover.He also recalled problems Coinbase ran into during bitcoin’s unprecedented rally in December 2017:“During the crypto bull run of 2017, we had huge backlogs in Identity document verification. We had to turn away several customers. We quickly overhauled our verification infrastructure and went from a fully manual process to one where an automated system does a first pass at annotating and validating IDs followed by a fallback to the manual process.”Ranjan thanked his supervisors and colleagues and Coinbase, noting that it became a kind of “crypto university,” whose alumni gain enough knowledge to start something new and share their expertise with the community.For more updates on who’s going where in the world of blockchains and cryptocurrency, follow @CoinDeskMovers on Twitter and join the CoinDesk Movers and Shakers LinkedIn group.

Explore our in-depth product development tutorials and new technology announcements created by our software development experts The global music industry is huge. In the USA alone, live music industry revenue is expected to grow from US $ 9.28 billion in 2015 to US $ 11.99 billion in 2021, as this Statista report states.That’s certainly a healthy growth rate, by any industry standard. On the basis of these figures, one may wonder whether the industry needs any fresh technology infusion at all. After all, we don’t “fix what ain’t broke”, do we? However, these figures don’t represent the whole picture.The global music industry needs increased democratization so that up and coming artists can take more control over their careers. They industry could also boost the amount of artists by allowing more equitable distribution of revenue. The current business/technology landscape within the music industry doesn’t allow for this to happen.Blockchain technology can help to play a part in significantly transforming the music industry. This technology will help the industry to be more responsive to fast changing business environments. Ironically, the biggest threat to the industry in recent times has come from the peer to peer torrent file share system that has a lot in common with blockchain.The industry has learned a hard lesson that in order to survive, it must be ready to adapt quickly.In this article, I will explain how to build a blockchain for the music industry. I will begin by explaining why blockchain is so important and what its potential uses are.The problems in the music industryLet’s talk opportunities now!Can the music industry transform itself using the blockchain technology?Existing music blockchain platformsFeatures desired in a blockchain platform for the music industryHow to build a blockchain platform for the music industryThere are times when a healthy growth rate can mask underlying structural problems within an industry. This is true for the music industry.Here is one example: The top 1% of artists earn 77% of the total income generated by music artists. This means that an artist outside this top bracket won’t earn anything in the way of a significant income. In fact, with a few exceptions, most of the top 1% of artists get only a minuscule amount of the revenue as the record labels keep most of it!Most top artists earn around 18% of the total revenue generated by their music. The remainder only earn a maximum of 6%, something that seems grossly unfair! Read more about this and other statistics in “10 jaw-dropping music industry stats“.When you review the numbers of most of the global music industries, these figures aren’t any better. The entire industry managed to gross $43 billion in 2017, representing a healthy growth rate over previous years. However, artists only earned a meager 12% of that revenue! Even worse, artists often don’t know how their royalty payments are calculated since this industry isn’t transparent.The simple fact is that the industry has too many middlemen – record labels, radio companies, and streaming services gobble up a significant part of the total revenue.Artists that sell only 1 album per year make up 15% of all the artists who work in the industry. A staggering 82% of artists are not even signed up with any record labels, moreover, 33% of artists don’t sell any albums at all!Read “The music industry is booming, but artists are losing big with just 12% of the revenue, report claims” for more detailed statistics. It’s clear that the industry is ripe for change. It needs to increase the pool of talent and start giving them fairer pay.A defining characteristic of the free-market economy is that opportunities can be found in problems! So how does this apply to the music industry?The present system requires artists to depend on middlemen like record labels, radio companies, and streaming services. Their success depends on how these middlemen market the artists’ work.But what if artists could directly interact with listeners? The result would be that consumers would now get direct access to a new crop of talent and allow artists to discover whole new markets!Direct interaction between artists and consumers would also eliminate middlemen from the revenue stream. This would improve the income of the artists, and reduce the cost for listeners to access music. A technology that puts a premium on transparency while also facilitating the ability of artists to have more control over the money they make would revolutionize the industry. Read more about this in “Blockchain could help musicians make money again“.Blockchain technology is now firmly out of the shadows thanks to the cryptocurrency boom of Bitcoin, Ethereum, and the 1,000+ other digital currencies. More and more industries, governments, and non-governmental organizations are exploring how to use blockchain solutions to enhance efficiency as well as increasing transparency.Blockchain solutions work on a decentralized network with no one central server. This ensures every participant has equal authority on the network. Furthermore, hackers can’t alter data records by taking over the central server.Modern cryptography protects the data, for e.g., digital signatures are protected by modern data encryption techniques. This means that hackers cant even gain access to data either.Hackers find it practically impossible to tamper the blockchain network because of the consensus algorithm. For e.g., the ‘Proof of Work’ (POW) consensus algorithm would require a hacker to possess enormous computing power to overpower the decentralized network, something which, without a yet invented quantum computer, isn’t possible. Read “Proof of Work vs Proof of Stake comparison” to learn more.Decentralization eliminates the need for middlemen, therefore, a blockchain music distribution platform would be able to connect artists directly with listeners. Since modern cryptography and consensus algorithms protect data, this assures that even the most basic blockchain solution will be protected against fraud.Blockchain networks like Ethereum have introduced smart contracts, i.e., autonomous, tamper-proof solutions (once written to the network) that transfer assets automatically upon fulfillment of a set of predetermined conditions. This would allow for the automation of payments for artists and other processes. Read more about these possibilities in “What could blockchain do for music?“.It’s time we review a few platforms that use blockchain in the music industry. This will provide those of you who are considering building a music industry blockchain solution with useful ideas.Z-POP DREAM is an up and coming blockchain platform for musicians. This platform focuses on the popular Korean genre K-POP. Big names such as PSY and Girls’ Generation have already made this genre very popular all over the world. Z-POP DREAM uses its’ ZPOP crypto token.The platform intends to create new K-POP stars by bringing artists together on one platform and leveraging the voting power of fans. Star creation, online monetization, online merchandise, online content distribution, managing tickets for concerts, etc. are key features with this platform.VOISE is another blockchain platform for the music industry. It is built on the Ethereum blockchain network. Artists can monetize their work on this P2P network, including setting their own prices. They can provide free samples of their tracks and seek feedback from music enthusiasts.Artists can upload their content meaning that users on the P2P network can view/listen to the music. The platform enables artists to receive nearly all the revenue that they generate, using the VOISE crypto token.Choon is a blockchain-powered music platform that’s currently in its beta stage. It’s a music streaming service that is combined with a digital payments ecosystem. Artists can earn NOTES crypto tokens for their work. They can upload their work to the Choon network, which allows them to access the platform’s listeners.When you create a blockchain for the music industry, you need to offer the following key features in the app:Read “Blockchain music platforms: a new paradigm” for more details on the desired features.I will outline the Ethereum ‘Distributed App’ (DApp) approach to developing a blockchain platform for the music industry. A DApp is like a web app, except that it runs on a decentralized blockchain network. While the front-end of the app can be coded in any popular language, the backend must incorporate smart contracts. This requires a special skill set.A DApp should also be open-source and store data in a decentralized blockchain that adheres to the required cryptographic standards. DApps must use a crypto token, however, no one entity should control the majority of tokens. All enhancements to a DApp must be based on the consensus of the user community.Read more about DApps in “What Are Dapps? The New Decentralized Future“.The development approach consists of the following steps:Firstly, you need to build a team consisting of business analysts, UX/UI designers, web developers, Ethereum blockchain developers, and testers. You also need a PM with knowledge of project management best practices. Our guide “Project management: 10 best practices” can help if you have no background in this.While UX/UI designers, web developers, and testers are reletively ease to find, blockchain developers are skill is a niche skill set. Finding quality blockchain developers can be tough. Allow yourself plenty of time to do this. Also, you might find yourself even needing to train them on specific elements of blockchain development yourself. Smart contracts in particularity are very challenging.Start with the Ethereum development tutorial. This fun, interactive DApp development training called “CryptoZombies” by the Loom Network.Ethereum DApps will require smart contracts. Smart contracts on the Ethereum network are coded in the Ethereum proprietary language, Solidity. Your team needs this skill set. This Blockgeeks Solidity course is useful if you are looking for a place to start.Business requirements analysis, UI design, and front-end development will be the same as when developing any other web app. Assuming you have the experience to develop these, I will now describe how you can set up the Ethereum development environment and connect your app to the Ethereum blockchain.To implement your DApp on the Ethereum blockchain and run it, you need Ethers (ETH). For this, you need an Ethereum account and a wallet address. There are two types of Ethereum accounts, i.e., ‘Externally Owned Accounts’ (EOAs) and ‘Contract Accounts’. You need an EOA.You can easily do this using the ‘eth-lightwallet’. It’s an easy-to-use wallet. It requires you to create your private and public keys. Secure your private key. Check the eth-lightwallet documentation for instructions. You will need to buy Ether to deploy your smart contracts as the Ethereum network requires gas payments (processing charges) to be paid in Ethereum.This project requires you to install a few important tools, as follows:“testrpc” is an easy-to-use Ethereum blockchain client, with a ‘Command Line Interface’ (CLI). Install, set a block-mining interval, and take the other configuration actions, by following their GitHub instructions.You will use “web3.js” to communicate with the Ethereum blockchain. Install it and configure the ‘aconfig.js’ file. They offer web APIs, configure these too, for ease-of-use. Check out their installation and configuration instructions here.This is a well-known tool for testing and deploying Ethereum smart contracts. The tool has different folders for your different projects, furthermore, it makes testing and deployment easy. Find their installation and configuration instructions here.After installing these tools, open “testrpc”, and update your “config.js” file with your eth-lightwallet private and public key. This guide “Getting started as an Ethereum web developer” has the necessary instructions.You need a crypto token for the artists and consumers to transact. A crypto token is also a mandatory requirement of a DApp. Read “How to issue your own token on Ethereum in less than 20 minutes” to find how you can create an ERC 20 token.You will want to be on the right side of the regulations when you market your project. In the US, the ‘Securities and Exchange Commission’ (SEC) requires that blockchain start-ups selling tokens as investment instruments register them as securities. Please consult our guide “Utility tokens vs. security tokens comparison guide“. Keep in mind that other countries may have their own regulations.You now need to code smart contracts for your blockchain music platform. Smart contracts are open-source pieces of code with “If-Then-Else” statements. They execute automatically based on triggers, and can be programmed to transfer crypto assets based on fulfillment of predetermined conditions.Smart contracts are stored in the blockchain database, therefore, one added, they can’t be tampered with. Their execution results are also stored on the blockchain. Their execution is irreversible. Read more about smart contracts in “What is a smart contract?“.To get ideas from other music platforms, you can review their smart contracts, as follows:You can’t modify smart contracts after you deploy them, moreover, you can’t override their execution results. This makes it very important to test them thoroughly. You can test them in the Ropsten testnet, i.e., test network, using MetaMask and Remix ‘Integrated Development Environment’ (IDE).You now need to use the Ether you have purchased to pay for the ‘gas price’ for deploying your smart contracts. To deploy your smart contracts onto the Ethereum mainnet, i.e., the main network, you need to use testrpc, web3.js, and Truffle. Read “How to deploy smart contract on Ethereum” to know how you can test and deploy your smart contract.You will need your DApp to scale as you transaction volume increases. While it’s known that public blockchain networks like Ethereum have scalability issues, a few remedies are available. One such remedy is to use side chains for DApps.Loom Network offers ‘Software Development Kits’ (SDKs) to build DApps on ‘DAppChains’, i.e., side chains for individual DApps. Read more about scaling your DApp in “How to scale an Ethereum DApp“.In conclusion, while it is not as straightforward as building a web or app solution, you can build a blockchain music platform to help transform the industry.It’s a complex development project that you will need to manage from end to end unless you outsource the project. If you do feel that it is too complicated for your existing team, and that y therefore need to engage a development partner, consult our guide “How to find the best software development company?” for due diligence.Get our Agile Tools And Recommendations to help you boost your team’s performanceTell us about your challenge & get a free strategy session - Project Specification Template - Agile Process Instructions - Tools for Successful Product Development - How to Communicate with Developers to Maximize Results

Bitcoin Press Release: Stratis release details of their Blockchain as a Service (BaaS) platform, which will bring blockchain to mainstream companies via Azure Cloud.

7th January 2021, London, United Kingdom – Stratis was created for a simple purpose – to provide enterprises with blockchain as a service (BaaS) solutions, designed to implement complex blockchain architecture within mainstream coding languages, used by everyday companies away from the crypto niche. 

It does this through cloud solutions, support for C# and .NET application building, alongside tool customization via its open source protocol. The result of this? Stratis unlocks the power of blockchain technology for mainstream businesses, and unlocks the mainstream market for the blockchain industry – Two powerful combinations.

Enterprises that find themselves relying on the Stratis tool set will access a less expensive and less complex blockchain building framework. Companies no longer need to purchase and manage their own full nodes, nor do they need to build a blockchain infrastructure from scratch – Something which is niche and represents a huge barrier to entry by setup cost to all but the largest of companies. Moreover, businesses in need of smart contract support will be pleased to find that Stratis supports virtual machines via Microsoft’s Azure cloud platform.

Stratis – Tailored with Perfection

Stratis holds several key values that make it an optimal choice for blockchain operations – decentralization, privacy, scalability, practicality, accessibility, reliability, security, and performance. To better understand this, Stratis blockchains run a number of cloud-based full nodes, so decentralization is assured. Privacy is guaranteed – through cryptographic encryption, all transactions and communications remain private. Stratis is also keen on providing an adaptable degree of scalability, achieved through the means of intuitive sidechain usage. 

Companies looking to leverage the power of smart contracts must know that Stratis is the only platform providing support for C# execution , so developers can efficiently code self-enforcing programs utilising their existing development tools and existing knowledge of a rich and versatile programming language. Stratis is also working on facilitating cross-chain communication between contracts running within Stratis’ ecosystem and those deployed on the Ethereum blockchain, hence increasing their suitability for today’s interconnected world.

STRAX Swap on Binance

In September 2020 , the team introduced STRAX, a more powerful protocol designed to flawlessly integrate within the platform’s existing business model. Previously-minted STRAT tokens have been swapped to STRAX tokens on a 1:1 basis via Binance. Following the shift, Stratis will introduce a series of other advanced features, such as the STRAX SideChain, Stratis InterFlux, SegWit support, cold-staking, the DeFi app library, IoT development tools, and many others. 

Since STRAX is based on the proof-of-stake consensus mechanism, network participants can receive token-based rewards in exchange for staking their STRAX tokens. Stratis is well-aware of the security risks posed by hot wallet storage, so the team has decided to use cold-staking for ideal token security.  

2021 – The Year for Stratis & BaaS 

In Q2 2021, Stratis will launch the Python Development Kit (allowing Python coders to build on Stratis), the IoT Development Kit (meant to introduce Stratis solutions to IoT hardware), a new version of Proof-of-Stake (boasting improved security and additional features), Stratis Oracles (a distributed means of accessing off-chain data), and Dex Mobile Support (allowing mobile trading of SRC20 tokens). 

In Q4 2021, Stratis will launch Ethereum Interoperability (known as InterFlux, this will enable usage of wrapped STRAX tokens on the Ethereum chain), alongside the STO & Digital Asset Platform (providing the tools needed to manage token offerings). 

With so much happening last year ,and so much on the horizon, 2021 looks like a promising year for Stratis. Click here to Find out more about how Stratis is changing the world one blockchain at a time.

Follow Stratis on Twitter – https://twitter.com/stratisplatform

Join the Stratis Developer Academy – https://academy.stratisplatform.com/

Check out Stratis on GitHub – https://github.com/stratisproject

Read the latest Stratis news – https://www.stratisplatform.com/news/

Media Contact Details

Contact Name: Bitcoin PR Buzz Press Team

Contact Email: [email protected]

Stratis Group LTD is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections.

About Bitcoin PR Buzz : Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 8 years. Get your Bitcoin Press Release Distribution today.

PASC Pascalcoin Starting from Scratch with No Account and How to Get an PASA Accountantimetica (41) in cryptocurrency 4 months agoIf you want to mine Pascalcoin there are a few ways to get a free PASA account. Theres no need to pay anyone for an account. Accounts are generated by mining so you can either try the Nanopool method below and mine yourself an account or one of the other methods mentioned here. First thing you need to do Download and install the Pascalcoin official wallet http://www.pascalcoin.org/#wallets Go to Project Private Keys Generate a new Private Key (keep this secret!) Click the key, and then choose Export Public Key Copy the public key to a notepad or keep it accessible. It is ok to show your public key to the public Your public key will look something like 3Gh... at the beginning. Are there other wallets? Yes. I chose this one because I personally like to try the official wallet when I am starting out and this is the one I have knowledge about. Methods to Getting a Free Account Easiest - Telegram (12/2017) The way I obtained my first PASA Pascalcoin account was to join the official PascalCoin Telegram (https://t.me/pascalcoin) and message the bot: /getpasa YOURPUBLICKEY Its a little funny if you use the autocomplete you will see ;) But try again and paste in your public key after the /getpasa. The bot will gift you a free PASA account in this format: 1234567. Your account will begin to show up in your local wallet that you downloaded and installed earlier as 12345-67 and be yellow/orange, then turn lighter green, then full green. You can type in your account number in the Find Account: search box on your wallet to find it and watch the progress. It should be happening fairly quickly within 15 minutes or so. Other Ways There are other free ways to obtain a PASA account: one method is to join the Poloniex exchange, which is a very reputable exchange and currently as of this writing (Dec. 2017) the only one to trade Pascalcoin. Poloniex asks for a lot of personal information to verify an account so you might not be ready to do that and you will need a webcam and identification. But in any case you can create a Pascal account on the exchange and it will issue you an account which you can mine directly to, saving yourself some transferring fees and adding convenience. Another method I have heard about is to just start mining on Nanopool using your Pascalcoin public key in the mining settings in place of the wallet address (be sure to have your email and worker set up properly). After 20 pasc have been mined, Nanopool will issue accounts to you. I have not personally done it this way yet so if you try it out let me know if it works! Keep in mind it might take smaller less-poweful GPUs a little time to mine 20 pasc so the wait might be a while. Can't I Just Buy an Account? Sure you can. On some Discords, Telegrams, forums, and web/host 3rd party wallets people will give accounts for free and some are selling. It is up to you what methods you choose (and to pay) but there is nothing wrong with getting a free account because you will be mining and mining is what keeps the network healthy and operating. You will do your part and pay it forward some day. When I received my account the gifter included a message Good luck in the Payload which is the memo part of the wallet. You will also earn additional accounts that you can give away in the future if you choose because mining generates accounts. Thats one of the neat things I like about Pascalcoin is the built in way the community helps one another by encouraging giving (accounts) and participating by mining. Good luck! cryptocurrency mining pascalcoin pasc altcoin 4 months ago by antimetica (41)$3.11Past Payouts $3.11 - Author $2.36 - Curators $0.7610 votes+ ausbitbank+ thinknzombie+ originalworks+ neurosmos+ jarulnokaf+ antimetica+ auronshaqiri+ lesuelrs+ jwhale+ bengaziReply 2

Bitcoin Press Release: Stratis release details of their Blockchain as a Service (BaaS) platform, which will bring blockchain to mainstream companies via Azure Cloud.

7th January 2021, London, United Kingdom – Stratis was created for a simple purpose – to provide enterprises with blockchain as a service (BaaS) solutions, designed to implement complex blockchain architecture within mainstream coding languages, used by everyday companies away from the crypto niche. 

It does this through cloud solutions, support for C# and .NET application building, alongside tool customization via its open source protocol. The result of this? Stratis unlocks the power of blockchain technology for mainstream businesses, and unlocks the mainstream market for the blockchain industry – Two powerful combinations.

Enterprises that find themselves relying on the Stratis tool set will access a less expensive and less complex blockchain building framework. Companies no longer need to purchase and manage their own full nodes, nor do they need to build a blockchain infrastructure from scratch – Something which is niche and represents a huge barrier to entry by setup cost to all but the largest of companies. Moreover, businesses in need of smart contract support will be pleased to find that Stratis supports virtual machines via Microsoft’s Azure cloud platform.

Stratis – Tailored with Perfection

Stratis holds several key values that make it an optimal choice for blockchain operations – decentralization, privacy, scalability, practicality, accessibility, reliability, security, and performance. To better understand this, Stratis blockchains run a number of cloud-based full nodes, so decentralization is assured. Privacy is guaranteed – through cryptographic encryption, all transactions and communications remain private. Stratis is also keen on providing an adaptable degree of scalability, achieved through the means of intuitive sidechain usage. 

Companies looking to leverage the power of smart contracts must know that Stratis is the only platform providing support for C# execution , so developers can efficiently code self-enforcing programs utilising their existing development tools and existing knowledge of a rich and versatile programming language. Stratis is also working on facilitating cross-chain communication between contracts running within Stratis’ ecosystem and those deployed on the Ethereum blockchain, hence increasing their suitability for today’s interconnected world.

STRAX Swap on Binance

In September 2020 , the team introduced STRAX, a more powerful protocol designed to flawlessly integrate within the platform’s existing business model. Previously-minted STRAT tokens have been swapped to STRAX tokens on a 1:1 basis via Binance. Following the shift, Stratis will introduce a series of other advanced features, such as the STRAX SideChain, Stratis InterFlux, SegWit support, cold-staking, the DeFi app library, IoT development tools, and many others. 

Since STRAX is based on the proof-of-stake consensus mechanism, network participants can receive token-based rewards in exchange for staking their STRAX tokens. Stratis is well-aware of the security risks posed by hot wallet storage, so the team has decided to use cold-staking for ideal token security.  

2021 – The Year for Stratis & BaaS 

In Q2 2021, Stratis will launch the Python Development Kit (allowing Python coders to build on Stratis), the IoT Development Kit (meant to introduce Stratis solutions to IoT hardware), a new version of Proof-of-Stake (boasting improved security and additional features), Stratis Oracles (a distributed means of accessing off-chain data), and Dex Mobile Support (allowing mobile trading of SRC20 tokens). 

In Q4 2021, Stratis will launch Ethereum Interoperability (known as InterFlux, this will enable usage of wrapped STRAX tokens on the Ethereum chain), alongside the STO & Digital Asset Platform (providing the tools needed to manage token offerings). 

With so much happening last year ,and so much on the horizon, 2021 looks like a promising year for Stratis. Click here to Find out more about how Stratis is changing the world one blockchain at a time.

Follow Stratis on Twitter – https://twitter.com/stratisplatform

Join the Stratis Developer Academy – https://academy.stratisplatform.com/

Check out Stratis on GitHub – https://github.com/stratisproject

Read the latest Stratis news – https://www.stratisplatform.com/news/

Media Contact Details

Contact Name: Bitcoin PR Buzz Press Team

Contact Email: [email protected]

Stratis Group LTD is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections.

About Bitcoin PR Buzz : Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 8 years. Get your Bitcoin Press Release Distribution today.

Looking to advertise? We will gladly help spread the word about your project, company, or service. CryptoMode produces high quality content for cryptocurrency companies. We have provided brand exposure for dozens of companies to date, and you can be one of them. All of our clients appreciate our value/pricing ratio. Contact us if you have any questions: [email protected]

PRESS RELEASE. 7th January 2021, London, United Kingdom – Stratis was created for a simple purpose – to provide enterprises with blockchain as a service (BaaS) solutions, designed to implement complex blockchain architecture within mainstream coding languages, used by everyday companies away from the crypto niche.

It does this through cloud solutions, support for C# and .NET application building, alongside tool customization via its open source protocol. The result of this? Stratis unlocks the power of blockchain technology for mainstream businesses, and unlocks the mainstream market for the blockchain industry – Two powerful combinations.

Enterprises that find themselves relying on the Stratis tool set will access a less expensive and less complex blockchain building framework. Companies no longer need to purchase and manage their own full nodes, nor do they need to build a blockchain infrastructure from scratch – Something which is niche and represents a huge barrier to entry by setup cost to all but the largest of companies. Moreover, businesses in need of smart contract support will be pleased to find that Stratis supports virtual machines via Microsoft’s Azure cloud platform.

Stratis – Tailored with Perfection

Stratis holds several key values that make it an optimal choice for blockchain operations – decentralization, privacy, scalability, practicality, accessibility, reliability, security, and performance. To better understand this, Stratis blockchains run a number of cloud-based full nodes, so decentralization is assured. Privacy is guaranteed – through cryptographic encryption, all transactions and communications remain private. Stratis is also keen on providing an adaptable degree of scalability, achieved through the means of intuitive sidechain usage.

Companies looking to leverage the power of smart contracts must know that Stratis is the only platform providing support for C# execution, so developers can efficiently code self-enforcing programs utilising their existing development tools and existing knowledge of a rich and versatile programming language. Stratis is also working on facilitating cross-chain communication between contracts running within Stratis’ ecosystem and those deployed on the Ethereum blockchain, hence increasing their suitability for today’s interconnected world.

STRAX Swap on Binance

In September 2020, the team introduced STRAX, a more powerful protocol designed to flawlessly integrate within the platform’s existing business model. Previously-minted STRAT tokens have been swapped to STRAX tokens on a 1:1 basis via Binance. Following the shift, Stratis will introduce a series of other advanced features, such as the STRAX SideChain, Stratis InterFlux, SegWit support, cold-staking, the DeFi app library, IoT development tools, and many others.

Since STRAX is based on the proof-of-stake consensus mechanism, network participants can receive token-based rewards in exchange for staking their STRAX tokens. Stratis is well-aware of the security risks posed by hot wallet storage, so the team has decided to use cold-staking for ideal token security.

2021 – The Year for Stratis & BaaS

In Q1 2021, Stratis will launch the Unity Development Kit (allowing the integration of NFTs and decentralized identities within the gaming ecosystem), the DeFi Software Library (a catalogue of C# standardized smart contracts), the Stratis DAO (a means of funding next-gen developments via voting), the Stratis System Contracts (introducing on-chain logic and simplifying user-driven processes), and the mobile wallet featuring token support (supporting tokens issued on the Cirrus Sidechain).

In Q2 2021, Stratis will launch the Python Development Kit (allowing Python coders to build on Stratis), the IoT Development Kit (meant to introduce Stratis solutions to IoT hardware), a new version of Proof-of-Stake (boasting improved security and additional features), Stratis Oracles (a distributed means of accessing off-chain data), and Dex Mobile Support (allowing mobile trading of SRC20 tokens).

In Q4 2020, Stratis launched Ethereum Interoperability (known as InterFlux, which enabled the usage of wrapped STRAX tokens on the Ethereum chain), alongside the STO & Digital Asset Platform (providing the tools needed to manage token offerings).

With so much happening last year ,and so much on the horizon, 2021 looks like a promising year for Stratis. Click here to Find out more about how Stratis is changing the world one blockchain at a time.

Follow Stratis on Twitter – https://twitter.com/stratisplatform

Join the Stratis Developer Academy – https://academy.stratisplatform.com/

Check out Stratis on GitHub – https://github.com/stratisproject

Read the latest Stratis news – https://www.stratisplatform.com/news/

Media Contact Details

Contact Name: Bitcoin PR Buzz Press Team

Contact Email: press@bitcoinprbuzz.com

Stratis Group LTD is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections.

About Bitcoin PR Buzz: Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 8 years. Get your Bitcoin Press Release Distribution today.

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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