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WHO ARE WE?

We are a team of block chain enthusiasts who believe that the crypto currencies represent our future. These technologies can significantly simplify and make cheaper any process where the people are involved. This is a new round of human’s development, and this means that it’s time for breakthrough technologies, and we are part of this movement. 

Our team is composed of professionals who for many years are in the block chain industry. We are constantly in the trend of world news. We monitor all news, in which there is at least one mention of the prefix “crypto”. This means that we confidently can say which altcoins have potential and can fly up and which cannot. At this is not only our work, this is our passion, our life. The full commitment to our business allows us to be in touch with all the latest news of crypto-industry.

Blockchain?

Blockchain is a notion that became popular due to the crypto-market boost. It is tied to innovative data-processing techniques that ensure the integrity, transparency and security.

The blockchain technology became widely used in different spheres. Its most well-known use is in the cryptocurrencies (for instance, bitcoin and Ethereum).

Blockchain is a powerful tool that can change a great deal of spheres. It ensures the security, transparency and decentralisation, and this makes blockchain attractive for developers and users.

How does blockchain work?

Blockchain allows each network member to get access to the distributed database. Besides this, blockchain keeps not the data as such but the records of events (transactions), in their chronological order. The authenticity of all new records is checked: the majority of network members must confirm such records, so that they may be entered into the blockchain.

Blockchain types

Blockchain may operate both within a public (open) network, which may be accessed by any user, and also within a private (closed) network, for instance, within a corporate network, if confidential data are used there. Private blockchain versions may specify different levels of access for users and different complexity of data encryption. The most well-known example of public blockchain are bitcoins and other cryptocurrencies. Corporations use blockchains both in the financial sphere and in other sectors.

About crypto currencies

Bitcoins

Bitcoin, or bitcoin is a peer-to-peer payment system that uses the unit of the same name to record transactions. Cryptographic methods are used to ensure the functioning and protection of the system.

Bitcoins can be used to exchange for goods or services with sellers, who agree to accept them. Exchange for regular currencies occurs through the online digital currency exchange service, other payment systems, exchange offices or directly between interested parties.

One of the main features of the system is complete decentralization: there is no central administrator or any analogue of it. The mandatory and sufficient element of this payment system is the basic client program.

Litecoins

Litecoin is a peer-to-peer online currency that includes almost zero cost payments to anywhere in the world. Litecoin is an open source code, a global payment network, which is completely decentralized and is not under control of any central authorities. Mathematics protects the network and empowers people to manage their own finances. Litecoin has faster transaction confirmation times and a higher storage efficiency than the leading math-based currency. With strong industry support, trade circulation and liquidity, Litecoin is a proven means of commerce in addition to Bitcoin.

Ethereum

Ethereum (Ethereum, eng. Ether [ˈiːθə] - “ether”) is a platform intended for creating decentralized online services based on blockchain (decentralized applications) that work with smart-contracts. It is implemented as a single decentralized virtual machine. It was proposed by the founder of Bitcoin Magazine Vitalik Buterin at the end of 2013, and the network was launched on July 30, 2015.

Ethereum technology allows registering any transactions with any assets on the basis of a distributed base of blockchain type contracts, without resorting to traditional legal procedures. This feature is competitive with the existing transaction registration system. According to The Economist magazine, smart contract technology marks a new era in the financial technology.

Ripple

Ripple is a cryptocurrency platform for payment systems, focused on operations with currency exchange without chargebacks. It was developed by Ripple. Its peculiar feature is the consensus register (ledger). The system was launched in 2012. The protocol supports “tokens”, which represent fiduciary money, cryptocurrency, exchange goods or other objects, such as frequent flyer miles or minutes of mobile communication. At its core, Ripple is based on an open, shared database, and uses an approval process, which allows exchanging in a distributed process. The internal cryptocurrency of the Ripple network is called XRP.

In November-December 2017, Ripple announced that American Express and Santander intend to use the Ripple protocol for payments between the United States and Britain.

In September 2018, the Ripple team announced the integration of RippleNet technology into the National Commercial Bank[en], which is located in Saudi Arabia and is one of the largest banks in the Middle East.