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Qchain’s Forward Advancement Amid the Changing World of ICOs

November 7, 2017 BTC STUDIOS 0

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Alongside Bitcoin’s meteoric rise in global interest and price has
been a frenzy of activity around
initial coin offerings (ICO).

According to the online coin offering tracker Coinschedule, in 2017
alone there have been nearly 250 ICOs collectively raising over $3 billion.
This heightened interest combined with the potential for lucrative returns has
prompted fears in some investment circles that we are facing a bubble. Indeed,
the bubble seems to have already popped to some extent, with far fewer ICOs
hitting their target raises than they were a few months ago.

Today’s ICOs are being initiated by funding-hungry startups, often
with a blind eye toward any sort of regulatory due diligence. As a result, this
wild and reckless approach has raised the eyebrows of the U.S. Securities and
Exchange Commission (SEC) among other regulatory bodies worldwide. The SEC, in
fact, has opened a new cyber unit for cryptocurrency violations to address the
proliferation of these campaigns.

What’s problematic here is the lack of compliance guidance with
respect to ICOs relative to crowdfunding regulations or federal securities law.
This prevailing environment has ignited calls for stricter oversights
addressing scams and “pump and dump” schemes that are now infiltrating this

Startups have an enormous amounts of wiggle room when forming an
ICO token. Unfortunately, many of these campaigns are launched with little more
than a hastily constructed website and white paper with the company’s core
product rarely battle-tested by real users. This heightens the notion that reaching
cash rich startup status does not ensure product success.

Once acquired by investors, ICO tokens can then be exchanged in a
secondary market for liquid value. In the meantime, shareholders (mostly
founding members and lead developers) often lay claim to 10 or 20 percent of
the initial tokens tied to a vesting schedule. It’s the outside token investors
that are often at risk as they, at times, find themselves subjected to “pump
and dump” and other nefarious schemes, harming the overall integrity of the
crypto landscape.

Navigating the Ever-Evolving ICO Landscape

Wally Xie, CEO of Qchain, an emerging digital marketing, advertising and
analytics platform seeking to leverage the strengths of both NEM and Ethereum
blockchain protocol, said that that while know-your-customer (KYC) compliance
really hurt his company’s recent ICO, he felt that it was a necessary sacrifice
to make in terms of long-term legitimacy and the safe development of Qchain in
the U.S.


“We are finding that we
perhaps made the wrong move by targeting the cryptocurrency community at large,
rather than negotiating with ‘whales’ from the outset,” Xie said. “We’ve also faced
lots of legal challenges, such as having to do stringent KYC to comply with U.S.
regulations, since lots of money laundering is also happening in the space.”


Xie noted that similar
issues involving integrity and credibility are plaguing the industry his
company is taking aim at, namely, native advertising. He said that as that
industry’s expansion leads to improved
conversion rates compared to traditional web display ads, that has come at the
cost of trust found in traditional media outlets. This erosion of trust, he added,
has helped drive a flood of people toward “fake news” websites that
make their money in confirmation biases.


Xie is
worried that a similar scenario may be emerging in the high stakes game of ICO


“The ICO space is definitely changing as it is becoming more of a
pay-to-play environment,” Xie said. “Successful ICOs now typically already
receive massive pre-ICO investment from folks like Draper, so the feasibility
of an ICO for all parties involved has definitely changed. In some ways, it’s
become a less democratic process. ICOs are becoming less accessible and
stratification is starting to happen in a manner similar to what occurs in any
maturing space.”


Jordan Valentine, an expert
specializing in emerging technologies at Spitzberg Partners — a boutique corporate advisory and investment firm
headquartered in New York — believes that
we are fast approaching the
end of the frontier days in the ICO space, if we haven’t gotten there already.
He noted that in 2017, we had seen four nine-digit coin offerings and billions
raised through ICOs. That, he said, is simply too much money changing hands for
regulators to allow this bubble to grow unfettered.


“Going forward, government
agencies will certainly look to be more present in the crypto world as they
develop an institutional understanding of the issues at hand,” Valentine said. “My
personal hope is for a regulatory framework that reins in some of the more
reckless activity in crypto without unduly burdening legitimate innovation.”


Valentine believes that
this reaction is already in motion in the U.S. In July 2017, the SEC clarified
its stance on ICOs, warning that coin offerings would be subject to U.S.
securities laws. This means that coin offerings will be judged by the Howey
Test — a legal precedent for determining whether a financial instrument is an
investment contract. For U.S. investors, this distinction connotes strict
income or net worth requirements, restricting the pool in the U.S.


“Digital coins can be used
to confer a wide range of rights in addition to value, so their application
under securities law isn’t exactly straightforward,” said Valentine. “Interest
in coin offerings will likely be tempered a bit in the short term, as would-be
investors wait for further regulatory clarity and watch as the first penalties
are doled out. However, the allure of finding a big win will be enough to keep
this fundraising mechanism relevant, barring a serious clampdown from


When asked about the prevailing
trend toward launching an ICO campaign without a demonstrated product or
service, Valentine is skeptical.


 “An ICO backed only
by a white paper and a webpage is, in the best case, an incredibly questionable
gamble; in the worst cases, these raises are outright predatory, with the
organizers bailing as soon as possible,” he said. “Even in the case of a ‘good’
white paper ICO, buyers are taking on huge risk, as they generally do not
acquire any right to information or managerial discretion.”


But Valentine offers this


“While most coin offerings
are very much a long shot bet to the buyer, they’re not all scams. There are a
number of potentially paradigm-changing ideas supported by a token that merit
the attention of the savvy and adventurous.”  

In response to sceptics, Xie said that Qchain made sure to have a fully-tested,
ready-to-employ platform in advance of launching its ICO campaign to avoid
giving the crypto industry a bad name.


In terms of our product, we didn’t want to espouse a ‘break first/fix
later’ ethos that has come to dominate Silicon Valley, made infamous by such
companies as Uber and Zenefits,” he said. “Funding is critical, but the quality
of what we are delivering will always come first.” 

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Confideal’s Crusade to Harness the Power of Smart Contracts

November 2, 2017 BTC STUDIOS 0

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In his book “Down The Rabbit Hole: Discover The Power of Blockchain,” author Tim Lea
highlights the evolution of smart contracts and their use ensuing from the

“The term smart contract was first coined by a
computer scientist Nick Szabo,” Lea writes. “In his 1996 article in the
Extrophy, he broadly described a smart contract as the
ability to bring refined legal practices of contract law to the e-commerce
protocols between strangers and the internet.”

In their most basic form, smart contracts are
self-executing contracts that function within mutually agreed upon terms
between two or more parties. These agreements, which are written into lines of
computer code, exist as part of a
distributed, decentralized blockchain network facilitating the
automatic execution of contractual terms with no further involvement from any
of the parties involved, including external third-party intermediaries.

This disruptive approach runs counter to the prevailing tradition of
drafting and enforcing deals through involvement with external players like
banks, lawyers and escrows. This practice is both time consuming and costly,
especially in cases involving overseas deals. While smart contract
technology helps to overcome these and other administrative and legal
roadblocks, a complex set of programming skills are required to draft
blockchain-based digital contracts.

Enter Confideal

One company that’s making major inroads in this new
age of smart contracts is
Confideal, a platform for
managing and enforcing smart contracts. Based in Ireland, a hub for crypto
adoption in Europe, Confideal is forging a path toward the removal of barriers
to digital transactions throughout the world. The company champions
transparency, opening up essential business tools to those without legal or
coding skills.

Confideal is a service designed for a wide audience
from individuals to business owners, and available for everyone,”
said Petr Belousov, Confideal’s founder and

“Our ultimate goal is mass adoption of blockchain among real sector businesses worldwide.”

Because Confideal’s data is encrypted and
protected by the Ethereum blockchain, the immutability of the agreement terms
is assured. In addition, Confideal offers the following value propositions:

An internal arbitration module with top-rated arbiters
and unbiased ratings. Arbiters selected to resolve a dispute on the Confideal
platform are either a qualified third-party legal firm or a professional.

A smart contract management option that provides
full control over transactions (e. g. close deals, end them, set up fines and
down payments).

Cryptocurrencies are utilized to eliminate all
payment barriers. No need for intermediaries which results in lower costs.

With the groundbreaking advancements of blockchain
Confideal is on a
steady path to bridge the gap between the smaller circle of computer
programmers and coders who understand the inner workings of the technology and
the larger population of average, everyday users. With efforts to move smart
contracts toward mainstream adoption, efficient models of user interface become
vital. With Confideal’s efforts as a visual smart contract builder, it’s clear
that momentum in this space is heading in the right direction. Of course,
Confideal is not only about the builder itself. The three main features of
Confideal are: smart contracts, built-in arbitration, and CDL tokens. There are
tons of projects out there that offer only one feature and often they don’t
even have a ready to use product. Confideal, on the other hand, does have a
product and the project created a complete ecosystem that comes together into a
harmonious product. The built-in
arbitration module is used in case of a dispute and basically it means that a
third party arbitrator will help you resolve or mediate the dispute.

Confideal’s initial coin offering (ICO) will commence on November 2,
2017, under the token name “Confideal” or “CDL.” The total supply of CDL tokens
will be 100,000,000 with a price breakdown of 1,000 CDL to 1 ETH. The total
supply will never increase and no additional tokens will ever be released.

CDL tokens are the internal, native currency for the Confideal
platform. For all transactions made in CDL, 1 percent of the contract fee is
exempted. Moreover, token users can participate in voting for arbiters.

Of the total ICO supply, 74 percent of the tokens will be sold via the
ICO. The remainder will be distributed as follows: 6 percent were sold during
the pre-ICO; 10 percent have been set aside for the team behind the platform; 4
percent for promotional activities; 4 percent for advisors; and 2 percent for a
bounty campaign.

“Following our ICO, we have a detailed roadmap
planned for developing the product,”
Belousov said. “It includes the launch
of the arbitration module, API and widget, implementation of multiple smart
contract templates for various purposes, multi-language support, integration
with other technologies and blockchains. It is with this that we are excited
about the future of smart contracts.” 

You can reach out for more on Confideal through Telegram.

Note: Trading and investing in digital assets is speculative. Based on the shifting business and regulatory environment of such a new industry, this content should not be considered investment or legal advice.

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Robomed Network Unleashes Linkages Between Healthcare Patients and Providers

October 31, 2017 BTC STUDIOS 0

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The global healthcare
market is vast and complex, with equity funding to digital health companies
having reached $5.8 billion so far this year. Within this space, myriad models
of healthcare delivery are being employed as breakthrough technologies are


A concept that’s gaining
increased attention is the “patient-oriented medical network.” In this model, patients can manage and control their healthcare data
through a mobile electronic medical record (EMR) — information they’re able to
grant their doctors access to when requested.   


This mode of value-based
physician-to-patient engagement is designed to impact care quality, cost and
patient access across an entire healthcare continuum. One company that’s making
a mark in this area is an innovative global digital platform known as Robomed


is introducing a solution that allows the medical industry to replace the old,
prevailing ways of managing healthcare processes with new ones designed to
boost efficiency, effectiveness and transparency. This is achieved through the
elimination of non-value-added processes and clinical errors.

Network is comprised of 23 clinics across the world. Through the use of this
ecosystem, patients around the globe have access to bureaucracy-free,
affordable and quality medical care targeted to their specific needs.

What drives all of this is
a medical network managed by a blockchain token, designed to provide the most
effective medical care. Robomed serves as the linkage point between health
service providers and patients, all tied to a smart contract built on top of
the Ethereum platform.

blockchain is designed to constantly expand available capacity for
record-keeping, transactions tracking and accumulation of a diverse database of
medical knowledge and clinical pathways applied to treating a numerous range of
medical cases,” said Robomed Network co-founder Philipp Mironovich. “We believe
that the scope of medical services rendered to patients is bound to grow with
the processes for obtaining these services streamlined.”

As a part of the Robomed
Network, participating in-network clinics utilize what is known as “Robomed
EНR,” a process-automation system geared for medical centers, which includes
unified medical data storage and health management tools. Its primary purpose
is to integrate all participating clinics into a single information space,
allowing various service providers to quickly interact without bureaucratic,
financial or legal barriers.


bridge between the patients seeking quality medical care and access to it is a
smart contact. This interactive digital mechanism allows patients to obtain
access to a chain of healthcare providers committed to delivering the best
medical care consistent with the digital clinical guidelines registered in
Robomed Network.

clinical guidelines are adopted via a constantly updated, competitive and
transparent voting process involving the medical and patient community. The
goal here is to utilize a diverse set of healthcare treatments and high
standards to fulfill patients’ expectations.

Network issues its own tokens to drive the smart contract engagement between
healthcare providers and patients. This elevates service value by granting
token owners full accomplishment of clinical guidelines for cases.

engage with the Robomed Network via Robomed Mobile or Robomed Web. The
proprietary smart contract technology provides a unique opportunity to create a
single system of coordinates with clinical outcomes as a reference point.

the possibilities and examples of using the Ethereum blockchain platform, the
Robomed Network team is excited about this decentralized, cross-border
ecosystem of healthcare providers they’ve created, based on an open smart
contract and cryptocurrency.

history goes a couple of years back, to when co-founders Mironovich and Ivan
Devyatkov decided to combine their expertise from the IT and healthcare
sectors. Mironovich had been involved in the startup of several hospitals, and
Devyatkov was involved in scaling up the second-biggest healthcare laboratory
player in Russia. This is how the basic version of Robomed EHR emerged.

mission is to provide equal healthcare to the world,” said Mironovich. “This
means that Robomed aims toward constantly improving the effectiveness and
efficiency of healthcare services across its global platform.”

Note: Trading and investing in digital assets is speculative. Based on the shifting business and regulatory environment of such a new industry, this content should not be considered investment or legal advice.

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Trustlessness in Action: Particl’s Model

October 25, 2017 BTC STUDIOS 0

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“Trustlessness” is a term often
quoted as a feature of blockchain technology but what does that mean and is absolute
zero trust a myth or really true? Praised as one of the characteristics that
make the blockchain so revolutionary, a trustless system is one where two peers
can enter a virtual hand shake agreement, i.e.  smart contract, without relying on a
trusted third party to facilitate.


Blockchains are good at being
permissionless and having decentralized tasks that are recorded on an auditable
ledger, yet not all blockchains are completely trustless, and achieving full
trustlessness is challenging if not impossible.
an open-source project like Bitcoin that is constantly being reviewed can have
trust issues, not from the code but by the developers and reviewers of the
code. So trustlessness is more of a term describing an ideal state on the
blockchain where code is law with the caveat that humans write code and to err
is human.


Before looking at how a fully
trustless blockchain can be implemented by privacy advocates like Particl — an open-source project that is building
a decentralized ecommerce application on the blockchain — let’s look at the
obstacles standing in the way.


I Trust
You, Until I Don’t


We’re conditioned to think of
trust as a good thing. Traditionally, positive human relationships have
required a level of trust.
From an economic perspective, however, trust has significant


The greatest drawback is that trust
can be broken. When you engage in a transaction with someone you believe to be
trustworthy, but then they fail to deliver the promised goods or services, you
addition, trust is not efficient. It has to be cultivated and you have to
invest time in evaluating how much another party can be trusted before you
engage in a trade.


Blockchain technology can be
leveraged to overcome the risks and inefficiencies that are associated with
the right approach, it’s possible to make reliable transactions on the
blockchain without knowing or trusting the person or group you are dealing with.
That is because the blockchain can be used to enforce good behavior.


In Particl’s case, by creating
a simple smart contract, you can ensure that if one party in a transaction
fails to uphold their end of a deal, the blockchain can automatically cancel
the transaction or punish the misbehaving party in another way. In effect, this
feature makes it impossible for a malicious user to profit by taking advantage
of the trust that another user places in them without inflicting harm on
themselves as well.


Trustless Challenge


If you buy or sell something
using Bitcoin, you don’t automatically gain protection against being cheated: default
Bitcoin transactions are non-reversible. The ability of the blockchain to
enable transactions that are both trustless and reliable is difficult because
it needs to be done without the intervention of a third party. In conventional
trading contexts, transactions are typically policed by a central authority that
evaluates claims about broken trust and responds accordingly. For example, if a
seller cheats you on eBay, you can complain to eBay and request a refund. These
authorities also charge fees or percentages of sales revenue whether they are
used or not.


The downside to this approach
is that it compromises privacy. In order to provide this protection against
broken trust, a platform like eBay oversees transactions. It knows what buyers
and sellers are doing.
With a two-person trustless escrow, in contrast, reliable
transactions can be implemented without the oversight of a third party. You
don’t have to lose privacy to gain reliability.


The tricky thing about
achieving true trustlessness on a privacy-focused blockchain is that it doesn’t
happen by default. Although multiple times more efficient than building trust
in public, smart contracts still need to be signed and the exchange of goods or
services still needs to happen. The beauty is that an agreement can be made and
successfully carried out even if one or both parties don’t fully trust each


A Trustless


Particl leverages Bitcoin as
the underlying blockchain protocol, but adds privacy enhancements that make it
possible for users to perform transactions that are trustless, reliable and
private. In an innovative development, PART transactions do not require users
to write smart contracts themselves. Instead, this feature is built into the


Central to Particl’s approach
to trustless transactions is mutually assured destruction (MAD) escrow. MAD
is a special type of smart contract that prevents either party from
profiting in the event that one cheats during a transaction.


In addition, because the smart
contract is enforced automatically via the blockchain, Particl developers play
no role in overseeing transactions. Their platform guarantees privacy while
achieving trustlessness at the same time. Two people from anywhere in the world
can enter into a binding agreement that is only finalized when both agree it is


Blockchain technology’s promise
is that users are no longer bound by the inefficiencies and risks associated
with trust in order to make transactions. Most blockchains, however, do not yet
implement truly trustless transactions. Particl is an exception, as it was developed
with trustlessness at its core from the start. Particl developers aim to “square
the circle” by delivering trustless ecommerce without compromising reliability
or privacy.

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Verady’s Vision for Asset Audits and Verification

October 24, 2017 BTC STUDIOS 0

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The rise
of bitcoin along with other cryptocurrencies represents a watershed moment for
the world of digital innovation.


But the
growth in the market capitalization and complexity of these assets has spawned
the need for an “assurance service” that provides auditing, verification,
monitoring and reporting around them.


Verady, LLC, a company with a stellar track record in delivering these
services to the Bitcoin market for several years, is now extending and launching
a public-facing network platform to fill this growing need across all
blockchain asset classes.


in October 2016 as a startup company based in Atlanta, Georgia, Verady’s
strategic path was paved by way of discussions and research from the blockchain
regulatory software company
and its clients.


was founded in 2013 and successfully serviced the Bitcoin marketplace until the
sale of its processing service to a major client. The founders of Coinpliance
later combined their experience and assets to form Verady.  


two co-founders, Kell Canty and Nathan Eppinger, are both computer science graduates
from Georgia Tech. Their combination of common backgrounds with differing
experience levels and perspectives have led to a unique profile for the


“I’m a technologist by heart and have a computer science degree
from the Georgia Institute of Technology,” said Canty. “I’ve co-founded
multiple fintech startups, including a market-leading real-time credit and risk
assessment company that was acquired into Fair Isaac Corporation.”


Canty initially became aware of Bitcoin through his
interest in payments and computer science in 2012. Later, he became intrigued
by the concept for a Bitcoin regulatory software company. This led to the
founding of Coinpliance in 2013. Later, he and Eppinger reconnected to
establish Verady for the purpose of addressing the world of blockchain asset

As CEO of Verady, Canty leads product direction and business
development efforts, while Eppinger serves as the CTO.


When asked
what emerging trends are currently informing the strategic direction
Verady, Canty indicated the following:


· The amazing rate of growth in terms of both the
value and diversity of blockchain-based cryptocurrencies and tokenized assets


· The lack of tools and services to address
traditional industry standards regarding accounting, auditing and verification
of blockchain assets


· Gaps from a regulatory standpoint, particularly
in the area of taxation


· The “blind spot” that traditional financial
services, particularly credit/loan offerings, have for the value of blockchain
asset balances and cash flow held by individuals and companies


One of
Verady’s core beliefs is that traditional accounting systems, firms and standards
currently lack the functionality regarding new innovations of cryptocurrencies
and other blockchain assets.


value as a public transaction ledger makes it ideal in terms of serving as the
basis for independent verification. Verady, however, asserts that a gap exists
in terms of the blockchain not holding the information in a form that
accountants, auditors and other financial professionals can access, understand or


blockchain asset assurance network, known as “VeraNet,” is poised to address
this. By assuring these assets, the VeraNet will provide the bridge between
blockchain-based crypto-assets and the traditional financial ecosystem. This
bridge is designed to manage the complexities of blockchain technology in order
to deliver concrete, standardized reports and data that is usable by
traditional financial institutions.


long-term vision is that of being the globally recognized leader in the area of
blockchain asset assurance,” said Canty. “Audit, verification and
reporting on these assets can serve to help them be further adopted on a worldwide
basis. Combined with blockchain-based identity, the enablement of credit
underwriting based on cryptocurrencies could greatly aid in financial
inclusion, particularly for many living in underdeveloped countries across the


To learn
more about Verady, visit its
website and follow it on Twitter.


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GoldMint and the Future of the Gold Trade

October 17, 2017 BTC STUDIOS 0

As a
precious metal, gold is often associated with wealth, prestige and power. And
as a commodity it has long been considered a prized asset for scores of
investors throughout the world.

with bitcoin in 2009, cryptocurrencies ha…

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Yes, Bitcoin Can Do Smart Contracts and Particl Demonstrates How

October 13, 2017 BTC STUDIOS 0

Particl Thumb 3

The Bitcoin blockchain is not
known for its ability to enable smart contracts. In fact, most developers
creating smart contracts use a different blockchain, like Ethereum.


But the truth is that the
Bitcoin protocol can be used to create smart contracts., the blockchain eCommerce platform, is doing just
that by using Bitcoin-based smart contracts to manage funds in their trustless
escrow: Mutually Assured Destruction
(MAD) escrow.


For Particl, Bitcoin provides
the ideal mix of smart contract functionality — enough to make smart contracts
easy to implement but without the security and privacy risks of a more
complicated platform like Ethereum.

Smart Contracts Overview

A smart contract is an
agreement that can be enforced through a blockchain. Rather than relying on
trust or a legal framework to ensure that each party that enters into a
contract will adhere to its terms, you can use the blockchain to create a
contract that is automatically enforced, between two people, in a decentralized


Ethereum has become the most
popular blockchain for creating smart contracts. One of the major design goals
of the Ethereum platform was to support smart contracts. From the start, this
set Ethereum apart from Bitcoin, which was created first and foremost as a
digital currency platform.

Smart Contracts on Bitcoin Codebase

As the Bitcoin protocol has
evolved, it has gained support for smart contracts. Smart contract
functionality is not as programmable and extensible on Bitcoin as it is on
Ethereum. However, using features added to Bitcoin through improvement
proposals, certain smart contract functionality can be achieved through Bitcoin


For Particl, the most
important smart contract feature in Bitcoin is the
OP_CHECKLOCKTIMEVERIFY opcode, which was introduced by Peter Todd as Bitcoin
Improvement Proposal (BIP) 65. The opcode makes it possible to write scripts
that prevent funds in a multi-signature wallet from being spent until a certain
signature pattern is implemented or a certain amount of time passes.

Particl, Smart Contracts and MAD Escrow

MAD escrow is a technique
that effectively prevents fraud in a transaction without requiring the
oversight of a third party. In a MAD escrow contract, a buyer and seller both
place funds into escrow. The seller starts by depositing an amount they want
the buyer to match to symbolize a virtual handshake. This could be between 0
and 100 percent of the item’s purchase price. The buyer then deposits an amount
equal to the handshake amount plus the price of the item they are buying. The
escrowed funds are not released to anyone until both parties confirm that the
transaction has been completed satisfactorily. The technique prevents either
party from profiting through cheating in a transaction.


Particl uses the BIP 65
opcode to enable MAD escrow contracts by locking funds in a multi-signature
wallet until all of the parties sign off on the transaction. With this
approach, buyers and sellers on Particl’s ecommerce platform can operate
without worrying about fraud or paying unnecessary fees.


They also don’t have to
sacrifice privacy because no third party is involved in the transaction.
Furthermore, and perhaps most significantly, because there is only basic
scripting involved, security concerns are minimal.


Particl’s approach to MAD
escrow smart contracts is arguably better than building smart contracts on a
platform like Ethereum. While Ethereum provides more extensible support for
smart contracts, that flexibility comes with a higher risk of security and
privacy threats. The more code that goes into a smart contract, the greater the
risk of introducing a vulnerability that could enable an intrusion.


Ethereum might be a strong
foundation for writing very complex smart contracts, or ones in which security
and privacy are not priorities, but Bitcoin provides a simpler and more
reliable scripting framework for the private escrows that Particl requires.

Contributing to Bitcoin’s Future


Particl’s choice of Bitcoin
as the backbone for its smart contracts is also a reflection of the team’s efforts
to build a completely private platform on top of the Bitcoin codebase, arguably
the most secure, battle tested and contributed to protocol on the market.


There are many dozens of
Bitcoin-based blockchain projects out there, but most are simply building
cryptocurrencies forked from Bitcoin. They’re not taking advantage of Bitcoin’s
potential to create the foundation for a completely decentralized platform that
supports a multitude of DApps and programmable functionality.


In this
sense, Particl is helping to ensure that Bitcoin’s future will evolve more than
just creating another cryptocurrency. Privacy enhancements Particl has already
implemented onto the latest Bitcoin codebase such as Confidential Transactions
and RingCT can just as easily be one day adopted upstream to further harden


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GoldMint’s Bold Quest Into the Future

September 26, 2017 BTC STUDIOS 0

GoldMint Header

GoldMint’s Bold Quest Into the Future

Gold’s long, storied history as a prized precious metal dates back to ancient times. It garnered official status in the 19th century, when a number of European countries adopted the gold standard. Over the centuries, gold has achieved the distinction of being one of the rarest and in-demand assets on earth, leading to its reputation as a prized source and store of value.

Until more recent times, gold was used as money as well as the backing for other currencies. The term “gold standard” refers to a system where the value of a nation’s currency is tied to the quantity of gold it holds in reserve. But this system was abandoned over time, particularly with the U.S. decision to suspend the direct conversion of dollars to gold in 1971.

Due to its intrinsic value, gold remains in demand, and prices tend to stay relatively stable. In fact, historically, whenever there is a stock market crash, gold prices experience an upward climb.

Today, due to concerns about the devaluation of fiat currency, and given gold’s track record as an investment “safe haven,” investors are once again turning to gold. People are reassured by hard assets during times of economic uncertainty, meaning gold can be used not only as a leverage against inflation, but also as a hedge against hard economic times.

Minting a New Normal for Gold

As gold continues to see renewed interest due to its stable global standing, new questions are emerging in terms of how the cryptocurrency market can benefits from gold’s attributes.

Enter GoldMint, a blockchain-based platform which operates a new, gold-backed crypto-asset called “GOLD” — the value of which is based on physical gold. This decentralized platform assists gold owners in trades, loans and investments of gold as a means of realizing profitable returns. GoldMint facilitates this by purchasing, selling and repurchasing GOLD at the current market price for physical gold.

The company behind the innovative platform, which was launched in the beginning of 2017 and is headquartered in Singapore, utilizes exchange-traded funds (ETF) or physical gold (of 999 quality) as its security: GoldMint’s gold reserves equal or exceed its mined amounts of GOLD.

GoldMint co-founder Dmitry Pluschevsky — who, despite being only 36 years old — has been in the IT business for 20 years, and has developed and managed various types of other projects over the years.

“Many people get into difficult situations and getting a small loan is sometimes the only way to survive hard times,” Pluschevsky said of the importance of the platform. “But for various reasons, these people cannot go to the banks because they simply will not get a loan. They then might go to various microfinance agencies or mortgage lending networks, again without any luck. GoldMint gives those who have been cast out by the system the chance to get back on their feet. We believe that the technology that GoldMint is introducing to this market is a revolution, similar to the invention of the phone.”

GoldMint’s initial coin offering (ICO) launched on September 20, 2017. Investors can purchase MNT pre-launch tokens, called MNTP, for $7. As of late last week, the project had already raised $4 million.

Note: Trading and investing in digital assets is speculative. Based on the shifting business and regulatory environment of such a new industry, this content should not be considered investment or legal advice.

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GoldMint and the Future of Gold Ownership

September 19, 2017 BTC STUDIOS 0

GoldMint Header

Reflecting gold’s historical repute as a scarce and valued
resource, Bitcoin has become known in many investment circles as “digital
gold.” With its unprecedented rise, Bitcoin’s worth is now estimated to be
about twice that of an ounce of physical gold.

On August 7, 2017, the startup GoldMint was launched with the intent of ushering
in a new digital era of gold as a store of value. This project aims to provide
a unique set of gold ownership solutions for cryptocurrency investors and
enthusiasts worldwide. It is
holding an initial coin offering (ICO) that starts in less than
12 hours. 

The GoldMint
project reaffirms the notion that physical gold is a respected method of
payment and wealth preservation, all tied to its value and scarcity. Gold
ownership, however, requires expensive security, safekeeping and insurance.
GoldMint’s innovative approach seeks to address these inherent issues.

purchases, sells and repurchases their native digital asset called

“GOLD,” which is
100 percent backed by physical gold. It features an Exchange Traded Fund (ETF)
which can be utilized as a payment and investment tool for both companies and
individuals in hedging risk.

Capitalizing off
of the inherent advantages of its physical counterpart,

GOLD tokens offer
a stable, transparent, non-volatile means of buffering one’s crypto portfolio
from wild market swings. Here, GoldMint is committed to ensuring that GOLD
delivers consistent value through paper assets like ETFs and futures as well as
through physical assets. Moreover, GOLD owners will be able to use their tokens
to secure guarantees, loans and escrow services, all at a modest 5 percent
purchase and 3 percent sale fee.

GoldMint will
also deliver a utility token known as “MNT” to facilitate operations, implement
smart contracts and incentivize block creation and transaction confirmation.

During the early
stages of this project, MNT will be sold and distributed on the Ethereum
blockchain. After the MNT distribution has taken place, Goldmint will launch
its own Graphene -based Proof-of-Stake (PoS) blockchain that offers a safer,
more productive and faster experience.

Minting the Blockchain

GoldMint utilizes
a blockchain ledger to execute trades, loans and investments for profit. The
following are what make the GOLD crypto asset unique:

  • 100 percent
    information transparency relative to all GoldMint GOLD. The company discloses
    its gold reserves, fostering the opportunity to buy back GOLD at its current
    trading price.
  • GoldMint utilizes
    the decentralized blockchain for smart contracts and for its crypto assets.
  • ETFs are used for
    liquidity and elasticity facilitating gold trades which are far faster than
    those of physical gold.
  • Secured loans can
    be leveraged with GOLD, like jewelry or coins. GoldMint assists in the storage
    of this collateral through its unique Custody Bot, a blockchain-connected robot
    used for inspection, temporary and long-term storage and the transfer of
    physical gold, jewelry, coins or gold bullion.
  • Members have the
    ability to earn passive income as the market price of GOLD rises.
  • An option which
    allows for the buyback of GOLD for fiat according to the current price of GOLD.
  • A fast and
    efficient user registration and identification system.

To support merchants and developers,
GoldMint is in the process of releasing an application programming interface
(API) for the development of third-party apps and other interfaces. Use of this
API will allow online stores to accept GOLD as a payment method, enable loans
to be secured by banks and provide access to services such as escrow accounts
and financial guarantees.

The Goldmint Team

Goldmint is led by CEO Dmitry
Plutschevsky, who co-founded Lot-Zoloto — a gold trading company based in
Russia with trading transactions totaling $100 million in 2017 — with
former banker Konstantin Romanov. Serg Umansky, head of portfolio management at
Whiteridge Investment Funds, Alex Butmanov, managing partner at DTI and Julian
Zegelman, managing partner at Velton Zegelman, are among the advisors of the

GoldMint founders predict that its unique
value proposition will disrupt the billion-dollar gold market, allowing
GoldMint to establish itself as a market leader in the coming cryptocurrency

To learn more about GoldMint and
participate in its token sale, visit its website,
read the white
and follow the company’s social media channels on Facebook and Twitter.

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