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AMA Recap of CEO and Co-founder of Chromia, Henrik Hjelte in the @binancenigeria Telegram group on 03/05/2020.

Moh (Binance Angel)🇳🇬,
Please join me to welcome, “CHROMIA CEO & Co-founder, Henrik Hjelte” and “ CMO, Serge lubkin”
Oh, before we proceed, kindly introduce yourselves and tell us a bit about your roles at Chromia u/sergelubkin & u/henrik_hjelte.
Henrik Hjelte,
Ok, I’m Henrik, I’m CEO of ChromaWay that crated the Chromia project. My background is a bit mixed: developer for 30+ years (since 80: s), but I studied other things at university (economics, politics, social sciences philosophy). Life is more than computer you know… I worked with FInance/IT then started a web startup and got to know Alex Mizrahi who worked as a developer….
Web startup didn’t fly, but Alex showed me bitcoin. When I finally read the whitepaper I was blown away, and joined Alex colored-coins project, the first open source protocol to issue tokens. in 2013.
So, we started with open-source tokens (that kickstarted the blockchain industry. Then started company together 2014.
That is a long intro, I’ll shut up now… Thanks….
Serge,
I’m Serge, I’m assisting Henrik today and I work with Chromia marketing team as well as on some business development projects
Moh (Binance Angel)🇳🇬, , Question No 1 :
Kindly describe the CHROMIA project and what it aims to achieve?
Henrik Hjelte,
Chromia is a new public blockchain based on the idea of integrating traditional databases, Relational databases with blockchain security. Chromia is a general purpose blockchain with full smart contract capabilities, just that it is a lot easier to code, even complex applications. You code with an easy to learn new programming language that combines the power of SQL and normal languages but makes it secure in a blockchain context. Up to 1/10 the code-lines vs other blockchains. There is a blog post about it, I’ll share later. On lines of code.
The aim of Chromia is to combine relational databases, which exist in every kind of organization, together using blockchains. We want to provide a platform for our users to develop totally decentralized apps securely. Our goal is for Chromia to be seen as the number one infrastructure for decentralized applications.
https://blog.chromia.com/reasons-for-rell-compactness/
Moh (Binance Angel)🇳🇬,Question No 2:
What inspired the CHROMIA Core team to pick interest in CHROMIA project? what breakthrough have you achieved so far? what are the present challenges you’re facing and how are you planning to overcome them?
Henrik Hjelte,
We started with public blockchains, tokens in 2012, the world’s first stable coin with a bank 2015 (LHV). When coding that solution, peer to peer payments of Euro-tokens, we discovered we need performance reasons to store all data in a database. We needed to quickly know the “balance” of a user, and can’t loop through a blockchain. And slowly the idea grew that we can make the database INTO a blockchain, integrate completely with the transaction mechanism of a database. So, we did it as a private blockchain first (Postchain), used it for some projects, then came up with the idea to make a Public Blockchain based on it.
The motivation is that we felt we needed a better programming model for blockchains. Our CTO Alex has always been thinking of optimal solutions for blockchain technology and has lots of experiences thinking about it. Also: make real-world useful things. For example, we support free-to-play models since users do not need to own “our” token to USE apps, the application itself (often the developer) pays for hosting. And of course, great performance. Also: more knowledge of who runs nodes and risk level. So, it is more suitable for enterprises.
In Chromia the application (at the start the developer) decides Who should be allowed to run its own blockchain (every dapp has its own blockchain). You can also say on a higher level that we want to provide technology to create “Public applications”, a tool
that enables us to create a fairer world.
https://blog.chromia.com/towards-publicly-hosted-applications/
Moh (Binance Angel)🇳🇬, Question No 3 :
Why did you create your own blockchain instead of leveraging on existing and proven base layer protocol?
Henrik Hjelte,
None of the existing protocols are suitable to support large-scale, mainstream applications. We designed Chromia to give our users exactly what they want; fast support, useful features, with an affordable service cost. Other platforms do not have the ability to host data applications in a decentralized and secure way, as Chromia can. Chromia also has its own bespoke programming language that sets it apart from SQL-based platforms. It’s so easy to use, even non-developers can understand it!
The other big difference with Chromia concerns payments. Chromia gives its users freedom from having to pay for each transaction. With Chromia, you have the flexibility to decide how to set fees for your dapp
And when it comes to “proven base layer protocols”: they are just a few years at max. Chromia is built on top of Postgresql, that has been used in enterprises for decades, a really proven technology. And the Java virtual machine on top of that. This is proven tech, at core.
Moh (Binance Angel)🇳🇬, Question No 4 :
What is Postchain?
Henrik Hjelte,
Postchain is an open-source product of ChromaWay for enterprise clients and it’s the core technology on which Chromia is built.
Postchain is a replicated blockchain and database that offers highly resilient distributed database management with distributed control.
Postchain is the only product on the market that combines the immutable consensus of a blockchain and the properties of a real database management system (You know, the tech that built SAP, Facebook, Banks…) …
Postchain allows you to share information between companies and/or individuals in a secure and transparent way.
That is the low-level base of Chromia you can say
Moh (Binance Angel)🇳🇬,
Can you please name some of your clients that are using this service already?
Serge,
You mean products built on Postchain? Also, Stockholm Green Digital Finance, Green Assets Wallet that’s now functioning on Chromia Bootstrap Mainnet.
Big financial institutions
It’s only a beginning of course, but very promising one. https://greenassetswallet.org/news/2019/12/12/launch-of-the-green-assets-wallet
Henrik Hjelte,
We got a lot of attention with the Swedish Land registry; we did a joint project between them and banks and a telco etc on postchain as base.
Then, right now we do a large project with the Inter-American Development bank also about land-registration (processes) in South America.
We had a client, Stockholm Green Digital Finance, that did a system for green bonds (tracking environmental impact. Yes, as Sege says, it was later moved to Chromia…
Which is cool. Also, another external development company did that phase of the project, proving that other can build on our tech,4irelabs from Ukraine is their name. Some companies using the GAW: Blackrock. SEB Bank etc…
Also, we have done more projects, in Australia, asia etc. Oh Daimler too (the Mercedes company) …
Moh (Binance Angel)🇳🇬,
Lots of enterprise clients you’ve got. No wonder I do see the meme “CHR=ETH KILLER”
Serge,
It’s a meme from our supporters. But we believe we can coexist:)
For some niche things eth is good :)
So, no killing :D
Henrik Hjelte,
We want to work with partners too for this, we can’t do all projects ourselves. Also, for Chromia projects, ChromaWay company can help do support maintenance etc. So, it is not competing, it adds value to the ecosystem.
Yeah ETH is good too, for some applications. We are friends with them from colored-coin times.
And colored-coins inspired ETH, and ETH inspires us.
Moh (Binance Angel)🇳🇬, Question No 5 :
Lastly, CHROMIA is already doing very well in terms of business. You just got listed on BINANCE JEX, you are on-boarding new clients and dishing out new features. But what’s next? Is there anything to be excited about?
Henrik Hjelte,
Plans for 2020 are to both release a series of dapps to showcase how fantastic Chromia is, as well as continue to develop the platform. And when it is secure and good enough, we will release the mainnet.
Dapps are now being made by us as well as others. We do a decentralized social network framework called Chromunity, now released to TestNet. It is really cool, users can vote over moderators, and in the future users might even govern the complete application, how it can be updated. This is a great showcase for Chromia and why we use the slogan Power to the Public.
https://testnet.chromunity.com/
Games coming are:
Mines of Dalarnia (by Workinman Interactive). An action game in a mine with blockchain rental of plots and stuff. Already on TestNet and you can take a peek on it at https://www.minesofdalarnia.com
more coming…
Krystopia 2, novas journey. A puzzle game done by Antler Interactive. Could only find trailer though: https://www.youtube.com/watch?v=-G95-Dw3kI4
However, we have even larger ambitions with blockchain gaming…
We are doing A secret demo-project that we do together with Antler to showcase the technical potential of Chromia platform.
Another exciting relase is an indie game Chain of Alliance, done by two external developers. It is a strategy game with full-logic on blockchain. Public release on TestNet on May 22!
More coming in 2020: Other dapps from other companies, one in impact-tech.
That is a serious app, Chromia also works outside gaming and social media for enterprises and startups
And I hope some of you will do something, we want to support dapps on the platform so reach out to us…
Moh (Binance Angel)🇳🇬,
When can we be expecting the mainnet? Any approximate time? I’m sure the community will really excited to have that info
Serge,
It’s now in Bootstap phase, so it’s technically already functioning. MVP will be very soon
Stay tuned;)
Twitter questions Vs answers
Ellkayy,
What’s the unique thing in Chromia that no other blockchain has, that makes you the better option?
Henrik Hjelte,
Unique: Chromia is the only blockchain that also has a real, proper database built-in. And blockchain is about managing data in a shared context. How to best managed data was solved in computer science already. So far, it is the relational algebra model that is used in 100% of all enterprises, and has an 85% market share. Chromia is the only blockchain that use that model and that power.
Ellkayy,
Why Chromia use RELL and not SQL or JavaScript? Can developers with other language knowledge use Chromia?
Serge,
Rell is the only language on the blockchain side. You can combine with anything on client-side, although now client only exists for JS/TS, C# and Java/Kotlin. Rell is a language for relational blockchain programming. It combines the following features:
1 Relational data modeling and queries similar to SQL. People familiar with SQL should feel at home once they learn the new syntax.
2 Normal programming constructs: variables, loops, functions, collections, etc.
3 Constructs which specifically target application backends and, in particular, blockchain-style programming including request routing, authorization, etc.
Rell aims to make programming as convenient and simple as possible. It minimizes boilerplate and repetition. At the same time, as a static type system it can detect and prevent many kinds of defects prior to run-time.
Roshan DV,
I have been monitoring your project for a while but some concerns about it: Your project will build your own core network, so you have more visibility than Ethereum and NEO. These are projects that were born before and which also have a very large community. And what can assure you that your project will guarantee the functionalities that you have defined?
Henrik Hjelte,
What came first? I want to remind that Vitalik was in the colored-coins project, led by our CTO and we had blockchain in production before ETH and NEO etc existed. We are the old dogs…
Large community: We are part of the same community. When developers are fustrated and want to try new tech, they go to us from other blockchains.
Also, we have a large potential: SQL (close to Rell and our tech) is the world top 3 language. Bigger than Java. Bigger than PHP. Only beaten bny HTML and javascript. Soliditiy is not on top 20 list. THere are millions of developers that know SQL. That is potential for community… (source is Stackoverflow annual programming survey).
Paul (Via Manage),
What are the utilities of Chromia and what purpose does the Chromia coin serve?
Serge,
Chromia meta-token called Chroma (CHR). It is used in Chromia to compensate block-producing nodes by fees. In Chromia, fees are paid by dapps, which can in their turn collect fees from users. Chromia provides mechanisms which balance the interests of developers and users. Dapp tokens can be automatically backed with Chroma, providing liquidity and value which is independent of investment into the dapp. Dapp investors can be compensated in Chroma through a profit-sharing contract. For developers, Chromia offers the opportunity to derive income from dapps. This incentivises the creation and maintenance of high quality dapps because better dapps generate more income and create more demand for tokens owned by the developer. The Chromia model is designed to support sustainable circular economies and foster a mutually beneficial relationship between developers, users, and investors.
Idemudia Isaac,
Thank you very much u/henrik_hjelte u/sergelubkin
You stated your plans for 2020 is to release series of dApps. What kind of large scale, mainstream decentralized application and $Chromia products do you think is suitable for the Nigerian environment?
Henrik Hjelte,
Actually, this is why we want to work with partners. We cannot know everything, For African market we have seen of course payments/remittances (but it has fallen out of trend). We would love to do real-estate /land-registration but we understand we need a strong local partner (more than a single person, a real company or organization driving).
●CC● | Elrond 🇵🇭,
What plans do you have to building a vibrant global community around Rell? And how would you go about encouraging/incentivising such ‘Rellists’ around the world to build dApps on Chromia? u/henrik_hjelte u/sergelubkin
Henrik Hjelte,
For developers (I am one too, or used to be) you normally need to prove a few things:
\ That the tech is productive (can I do apps faster?)*
\ That it is better (less bugs, more maintainable?)*
Then the community will come. We see that all the time. Look at web development. React.js came, and developers flooded to it. Not because of marketing on Superbowl, but because it was BETTER. Fewer bugs and easier to do complex webapps.
So, at core: people will come when we showcase the productivity gains, and that is what we need to focus on.
●CC● | Elrond 🇵🇭,
Why do you choose to build Chromia token on ERC20 instead of other blockchain such as BEP2, TRC20…or your own chain while ERC20 platform is very slow and have a case of fee? u/henrik_hjelte u/sergelubkin
Serge,
So far Ethereum has the best infrastructure, it’s the oldest and most reliable network for tokens. It also became the industry standard which exchanges utilize. We will transfer 80% of all erc20 tokens to our Chromia blockchain when it’s ready for that.
Koh,
In your whitepaper it says in the upcoming version of ChromiaWallet that it will be able to function as a Dapp browser for public use. Q) Will it be similar to the Dapp browser on Trust Wallet?
Serge,
It’s live already try it http://vault-testnet.chromia.com/
It’s the wallet and a dapp browser
CHROMIA is SOLID,
Your metamorphosis is a laudable one,surviving different FUD, how have you been able to survive this longest bear market and continue building and developing cos many projects have died out in this time period!
Henrik Hjelte,
You need to know we started a company before ETH existed. There was 0 money in blockchain when we started. I did it becuase it was fun, exciting tech and MAYBE someone would be interested in the thing we made “Tokens”…
We were never in the crazy bull-market, manly observed the crazies from the side. We fundraised for CHR in a dip (they called it bear market). ChromaWay the company also make money from enterprises.
Алекс,
What is SSO?
What makes it important for chromias ecosystem?
Why should we users be attracted to it?’
Serge,
Chromia SSO is perhaps the most important UX improvement that Chromia offers the decentralized world. It revolutionizes the way users interact with dapps. Any dapp requires users to sign transactions, that means they need a private key. Control of the private key is control of any and all dapps or assets associated with it. This means that private keys have an especially stringent set of security requirements in a blockchain context — they control real value, and there is no recourse if they are compromised or lost. https://blog.chromia.com/chromia-sso-the-whys-and-the-whats/
Olufemi Joel,
How do you see the Chromia project developing in 3 to 5 years, both on the commercial level and on the evolution of the company? What are the plans for expansion in different regions? Are you going to outsource the team/skills or keep it centralized and set up offices?
Henrik Hjelte,
I take part of the question. On outsource: we were a distributed team from day one, with co-founders from 3 countries (still living there). We are distributed now, Ukraine, Sweden, Vietnam, Croatia, China are “hubs” then we have individuals too. No big plan, just where we found great developers…
Park Lee, u/henrik_hjelte
You claim CHOROMIA have fast support, useful features with an affordable service cost. That fast and the fees are cheap but can you guarantee stability?
What’s the Algorithms which are used by CHROMIA for that fast? And Can you explain it?
Serge,
We use PBFT protocol with some features of DPOS, this plus sidechains parallelism offers almost unlimited speed and scalability. We also use the feature called anchoring to secure all transactions in batches on Bitcoin blockchain.
Mario Boy,
What are you guys trying to achieve as an end goal? The next Ethereum? Or the next enterprise version of Ethereum? Or something different?
Henrik Hjelte,
The end goal… good question. When we started in 2014 there were no other blockchain companies, so we wanted to do the best blockchain technology in order to enable a decentralized world with more fair applications. And that is what we still do. Technology/software that can enable people to make a fairer world
Erven James Sato,
“STAKING” is one of the STRATEGIES to ATTRACT USERS and ACHIEVE MASS ADOPTION
Does your GREAT PROJECT have plan about Staking?
Serge,
Yes, we announced our staking plans couple of months ago https://blog.chromia.com/on-providers-and-stakes/
We are working with our current partners to make it accessible for general public.
Chizoba,
I often see Chromia and ChromaWay being used interchangeably, what is the relationship between the two?
Henrik Hjelte,
ChromaWay the company started Chromia from code done as postchain. This is normal in open-source development, a company that leads development. But Chromia will be a decentalized network, so ChromaWay will not make direct money out of it more than if we have a role as a Provider (and get payed for hosting). ChromaWay can indirectly make money from optional support and maintenance etc. Also, this, perfectly normal in open-source world.
And it also benefits Chromia that there is a market for support.
A market open for competition.
No special treatment for “ChromaWay”
Enajite,
How to start coding on Chromia?
Henrik Hjelte,
Go to https://rell.chromia.com and follow the tutorial. Enjoy the free time you get compared to other blockchain languages…
●CC● | Elrond 🇵🇭,
Chromia process 500 TPS, these is slow compare to other Blockchains, where we can see now 60K TPS if more capacity require, how can that be? u/henrik_hjelte u/sergelubkin
Serge,
Yes, if you need faster speed you can use parallelism by having multiple blockchains for your dapp. Also, by optimization and better architecture sky is the limit.
Delphino.eth ⟠,
Can we consider Chromia an hybrid? For its mixing of Blockchain and a Database?
Henrik Hjelte,
Yes and no. I want to stress that Chromia is a FULL blockchain. It is not only “inspired”. It is a blockchain AND a database.
I tend to think about Hybrid more in the usecases that you might have as a customer. For example, a bank might want to have some data/transactions private (as a private blockchain) and have another half of the application with public data (on Chromia). So that is a hybrid solution, and Chromia ROCKS in that segment since it is the only blockchain that is complete relational database (what the normal world uses anyway for 85% of all applications)
Example area: “open banking”
Steve bush,
How will Chromia I have any empower Investors, Companies, Developers, Platform Users to
deliver impactful solutions and bring value to people all over the world?
Henrik Hjelte,
In order to make blockchain go big, we need to have users. Users need to be able to use apps with ease. Chromia have features like single-sign on (ease of use), but importantly do not require owning tokens to USE apps.
Also, it needs to be easy to make applications. For example, if you are a student in US and came up with an idea, you want to make an application for your school. Let’s call it “thefacebook”. You code something in PHP and MySQL. DID YOU SEE THAT. SQL. SQL.SQL. It is the same tech that Chromia has but no one else in the blockchain business. SQL rules the world if you look outside the crypto bubble. Google the Oracle head-office… 100% of all enterprises use it… Because it is easy and powerful.
And we even improve on SQL with Rell….
So, compare that with a hacky virtual machine that have a few years…. 😊
August,
“Mines of Dalarnia” is a game that has caught my attention a lot, due to its simplicity and quality. But in the time that I have used it I have not been able to differentiate between the Chromia blockchain of this game and that of the competition? What other games do you have next to develop? I would like to give ideas in those games like a Gamers!
Henrik Hjelte,
We thought about in corona time sports club might want to engage more with their fans digitally. And of course, E-Sports is getting a real momentum as the young generation grows up. Now a bit sad that all games are centralized. My daughter will be sad when (at some day?) they will close down roblox… it happens to all centralized apps eventually… that is what we fix. Power to the Public to control apps and their future. I’ll repost again Alex post. Sorry I like it a lot… https://blog.chromia.com/towards-publicly-hosted-applications/
Bisolar,
Good day Chromia team from a Chromia fan
Can you tell us Chromia’s geographical focus at the moment and the proces it follows for it BUSINESS DEVELOPMENT?
What factors do you consider before identifying NEW MARKETS to enter?
Serge,
Chromia will initially focus on community building in China, Korea, US and Europe. The focus of community growth will gradually expand to other markets as the project gains popularity.
Current community growth strategies of Chromia include:
Chromia blockchain incubator creation to welcome more projects to the Chromia blockchain
Host blockchain gaming conferences, workshops, and meetups to engage with potential users.
Provide online and face-to-face tutorials to engage with dapps developers.
Attract blockchain developers through direct and indirect approach via specialized platforms and communities.
Develop our relations with existing and previous corporate clients, and their partnership networks to participate in their blockchain ventures
Launch Node program to encourage system providers to run nodes on the Chromia blockchain.
Staking program for Chroma (CHR) tokens
Active community engagement via social channels.
Future community growth strategies of Chromia after Mainnet launch include:
Partner with more gaming studios, startups and enterprises
Build local communities with Ambassador Programs.
Partner with external incubator and accelerators to provide blockchain expertise and introduce projects to Chromia ecosystem
Continue organizing hackathons around the world to attract more developers.
Emmanuel,
I want to know the current structure of your roadmap? What is the future roadmap of CHROMIA? Is there any key milestone coming???
Henrik Hjelte,
It is easy to do a roadmap; anyone can make a pape plan. But I think they are used in the wrong way. Software is hard, blockchain is even harder because it NEEDS TO BE SECURE. No MVP releases. We cannot even have roadmap deadlines and skimp on quality. Where we are now though is: Rell language finished so much that developers can write apps and see its magic. We have external devs doing dapps. We have the first phase of mainnet. We have a series of releases coming up. We will release mainnet when it is secure enough, and gradual roll out. I think quite soon, development is going great at the moment, a bit quicker than we though.
Ellkayy,
Why doesn’t Chromia transactions use gas? How do you power transactions then?
Serge,
Main feature of gas in Ethereum is to pay for transactions for miners get rewards. In our scenario Providers get rewards from dapp owners. So dapp owner pays for storing their dapp. It’s like Amazon Web Service model. Then dapp owner can monetize it in its own way.
Ellkayy,
Many developers don’t know RELL, just Solidity and SQL. Is this a barrier or threat to Chromia? Why RELL is better?
Henrik Hjelte,
Very few developers know Solidity. Do a search on github. I referred previously to stackoverflow programming language survey results. https://insights.stackoverflow.com/survey/2019#technology
If you know SQL, you learn Rell in a day.
SQL is the top 3 language here. I’d say there are millions that can easily jump to Rell.
Soldity or other blockchains, not on top 20 list even.
Rell is a hipper, nicer version of SQL that is also a “normal” programming language.
Developers like to learn new things, new languages. Otherwise we would be stuck with PHP, the DOMINANT language. Well, is it still? Seems javascript and react.js and node etc is taking over…
Moh (Binance Angel)🇳🇬,
This brings us to the end of the AMA. It’s been a pleasure being with all of you, THANK YOU. Special shout out to u/sergelubkin and u/henrik_hjelte for honouring us with their presence today❤️
Kindly follow CHROMIA on twitter and join the conversation with their community on Telegram
Twitter: https://twitter.com/Chromia
Telegram: https://t.me/hellochromia
Official Chromia Nigeria Community Channel 🇳🇬 : https://t.me/ChromiaNigeria
Website: www.chromia.com
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What's Happening At Dash? | Continually Updated News & Announcements Thread

Welcome to dashpay!
If you are new to Dash, we encourage you to check out our wiki, where the Dash project is explained from the ground up with many links to valuable information resources. Also check out the menu bar on top and the sidebar to the right. We have very active Discord and Telegram channels where the community is happy to answer any and all newcomer questions.

Purpose of this post

This post is directed towards community members who wish to rapidly access information on current developments surrounding the Dash cryptocurrency.
Lately we've noticed how the pace of events picked up significantly within the Dash project due to many years of hard work coming together and pieces falling into place ("Evolution" is finally here. It's called Dash Platform). For the purpose of keeping these many pieces of information together, however, singular Reddit submissions are insufficient. Thus we decided to maintain a pinned thread collecting blog posts, interviews, articles, podcasts, videos & announcements. Check back regularly, as this thread will always feature the latest news around Dash, while also serving as a mid-term archive for important announcements and developments.
Journalists looking for news and contact opportunities wrt Dash, please bookmark:

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Dash Platform Video Series (formerly known as "Evolution") with Amanda B. Johnson

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CryptoGems x Digitalbits 17th of April AMA. $XDB

Interviewer: Moose Team Member: Michael Luckhoo Telegram channel AMA: https://t.me/CryptoGEMS_official Digitalbits Telegram: https://t.me/digitalbits Token ticker: XDB
AMA:
Interviewer: Q1 Looks like Libra is moving forward. Is this bullish or bearish for you?
Michael Luckhoo: Definitely bullish. Firstly, this is further validation that brands like the Libra members including Facebook are embracing cryptocurrencies. That being said, not all enterprises have the internal technical capability like Facebook/Libra to build their own cryptocurrency internally. This is a massive market opportunity and the DigitalBits blockchain along with certain ecosystem participants are well positioned to support various brands with creating their own form of branded cryptocurrency on the DigitalBits blockchain.
Interviewer: glad to hear that , Libra would probably become the biggest branded coin out there
Michael Luckhoo: yes, but we can also help other brands to deploy their own and connect with others, such as Libra.
Interviewer: most brand dont have the capability like libra to build their own Stablecoin , that lead us to the next question from a community member.
Interviewer: Q2: I'm a business owner, I want a loyalty program. Why would $XDB be a solution for me ?
Michael Luckhoo: Businesses imploring the use of a blockchain based loyalty systems can provide a number of benefits: deeper marketing intelligence into the consumer buying behaviour, greater connectivity to other brands on the network and access to other value-adds on the network for both program operators (brands) and their consumers. For branded cryptocurrencies that are also listed on secondary-markets / exchanges, there is also the potential for enhanced liquidity for that branded cryptocurrency when compared to the legacy form of that asset, and in turn increasing the potential for such a brand's reward to appear more desirable to certain consumers given the enhancement to utility.
Interviewer: would it be easy for a client to reach you and setup the loyalty program? like a key in hand solution for new client ?
Michael Luckhoo: Ultimately DigitalBits serves as the network layer to support this industry, therefore we are agnostic to which parties build on the network. As a result we are forming strong partnerships to become the application layer to support the on-boarding of such clients that wish to have a one-stop setup. These ecosystem partners are an integral part to develop a key-in-hand solution as you suggest. Stay tuned for some updates on this :wink:
Interviewer: lovely ! your talking about forming partnership to become a easy step solution for new client ... with established partnerships with Pundi X, Kucoin - is Asia your primary market? Or you're going to develop other markets (Europe, North America, South America, Africa) at the same time?
Michael Luckhoo: Asia is obviously a massive market, however, it is not the only market wherein enterprises are embracing the DigitalBits blockchain. North America and Europe are home to other companies already collaborating with the DigitalBits blockchain.
Interviewer: i see you said companies with a (s) :grin:
Michael Luckhoo: :wink: next question..
Interviewer: lets go to the 4th question then eheh Q4: Is there truth in Bittrex maybe adding XDB to their trading pairs?
Michael Luckhoo: We cannot comment at this time specific to any future exchanges. However, we are routlinely contacted by exchanges….
Interviewer: gotcha , anyway i think Kucoin is a solid add to XDB and again congratz on this listing
Michael Luckhoo: I think so too, thank you.
Interviewer: The XDB roadmap is still not fully filled Q5:What are the time scales for the partnership announcements?
Michael Luckhoo: As we have just commenced Q2, we have commenced partnership announcements with critical players that will support the industry of branded cryptocurrencies. Considering the news of the ECD service with KuCoin, each of these parties play a specific role in supporting DigitalBits, from procurement and liquidity (ECD), to custody solutions, business registries and payment operators. This ecosystem is able to provide brands with a wide range of support to launch their own branded currency. We are also actively supporting new ecosystem additions that will each play a role in expanding use of the DigitalBits blockchain, some of which will be announced shortly.
Interviewer: Regarding the new partnership with Kucoin , what does it mean for XDB in term of volume / exposure / utility ? How can it affect the demande of the XDB token?
Michael Luckhoo : We are obviously excited to see KuCoin launch their Enterprise Currency Desk (ECD) service and XDB to be one of the first to support this. The ECD may provide a host of benefits to the businesses in a more frictionless way, some of the benefits include: Ease of transaction for token procurement, Guidance on requirements for specific functions depending on the blockchain application, automated business function, similar to a subscription plan for the blockchain - businesses not only need the access to tokens for certain functions, they need a "refuel system" to guide them for the next batch and so forth in a cost-effective and seamless way. We cannot comment on expected volume that Kucoin's ECD will drive for XDB. That being said, any demand Kucoin creates in marketing its ECD service to enterprises is obviously positive exposure for DigitalBits and the XDB token.
Interviewer: ease of transaction for token procurement .. it mean kucoin will buy the token for the client?
Michael Luckhoo: yes, they can enact this type of service on the clients’ behalf.
Interviewer: nice ! perfect so next question Q7 : Is Julie the CMO of walmart still working with you actively?
Michael Luckhoo: yes, Julie continues to be a very active advisory board member. She is also engaged, through her role with another organization, in other aspects of the DigitalBits ecosystem that we cannot comment on at this time..
Interviewer: glad to hear she is still there actively , its a big name to have onboard ! Soo during your last AMA your team was talking about a client with 10 000 000user ... where will companies get the amount they need to create their loyalty program knowing it need 10xdb per wallet? Lets say the current one have 10m user , it need 100m XDB to make their program , where will they get that amount? Will it have any effect on the trading token?
Michael Luckhoo: DigitalBits doesn’t have the obligation to supply consumer wallets with XDB tokens. Therefore, companies and their respective applications that are used by consumers will have the responsibility to ensure that their wallets have a sufficient amount of XDB tokens. With that being said, the company may source these tokens from the open-market and utilize services such as Kucoin's ECD to purchase XDB tokens.
Interviewer: ah that make sense. hence why this partnership is so important ! So any new client could refer to kucoin EDC and get their amount for their user
Michael Luckhoo: yes, they can. We hope to see other major exchanges explore concepts such as this as well in the future to induce a more business-centric approach to engaging with blockchain.
Interviewer: I'll be more than happy to see Binance going this way... knowing CZ is constantly talking about Stablecoin its looking good ! Q9: What is the number 1 feature of XDB that will drive adoption? When is the peak of adoption as a guesstimate?
Michael Luckhoo: Beyond technology features, the key to adoption is Execution. At the end of the day, its nice to have a product and/or a service that is viable, but ultimaltely the team and experience of a strong go-to-market strategy is what brings adoption. To date, many crypto projects have been lacking in this department. It’s hard to state when the peak of adoption will occur, but we are in the growth-stage of this industry as it would seem.
The early adopter and the early majority being able to connect in this stage is what is key to bring adoption and signifies this stage as well, we refer to it as crossing the chasm.
Interviewer: Its true , and most project depend on the crypto success ... however loyalty program are already a thing that hasn’t change a lot during past year
Does the situation with the Covid19 affect the work of the XDB team ?
Michael Luckhoo: Not at all, we are working very well remotely and still advocating the benefits of blockchain technology to support the consumer industry even more so now as consumers are even in heightened alert of how they spend, save and earn with the brand!
Interviewer:
Nice , as long as all of you guys stay safe so you keep these update coming in !!
lest go to the next and sadly final question for this Ama ! à
Q10: Bringing the masses to crypto instead of crypto to the masses"" Will we see this kickstart in 2020 or rather mid-longterm?"
Michael Luckhoo: This is a pivotal year in crypto as we continue to see companies expand their interest in the space (Facebooks' Libra coin, to Bakkt's acquistion of Bridge2, Walmart patents surrounding Stablecoin). Blockchain cotninues to gain greater validation regardless of market conditions. We continue to be a voice advocating this along with major players in bringing the masses to crypto by using pathways already familiar to the average user via seamless integrations. The average new person in this case may first own a branded cryptocurrency as their first crypto vs it first being Bitcoin, which is a big leap forward. As mentioned, as we enter into an economic downturn, consumers will be on heightened alert to want to save and earn more rewards from brands. Therefore, we expect no slow down in the use cases for branded cryprocurrencies, including branded stablecoins. Please check out this interesting read: Bailouts, CBDCs and Branded Currencies Tangible Solutions Amidst Global Crisis:
https://techbullion.com/bailouts-cbdcs-and-branded-currencies-tangible-solutions-amidst-global-crisis/
Interviewer: i will sure read this just after , its exciting to see these massive player getting into stablecoin in 2020
I know you guys dont have much time and again thank you for this AMA , i was wondering if you can drop us something for new potential investor , we are many here invested in XDB but some people here dont even know what it is ! Im just trying to flex more info here before it end 🙃
Michael Luckhoo: Thank you for all of your support Moose and I realize the tremendous support from your community. What I can say is that we have some major news coming in light within the upcoming months, this is not something that is recent, but rather what we have been working on for the past few years. As this seems to be the year that businesses are entering the space, it would not be unreasonable to hear a few big name companies of which will be announced this year.. I can’t say much more due to confidentiality agreements, but I can say that big-hitters are coming to crypto-town.
Talk to you all soon 🙂
submitted by TheEyeofXDB to DigitalBitsBlockchain [link] [comments]

Weekly Update: Parena trifecta, Cryzen shareable backtests, Crypto biggies for aXpire, HYDRO taking giant strides... - 29 Mar - 4 Apr'19

Weekly Update: Parena trifecta, Cryzen shareable backtests, Crypto biggies for aXpire, HYDRO taking giant strides... - 29 Mar - 4 Apr'19
Hiya folks! Starting today and over the next 10-12 days, I'll attempt to catch up on all the pending weekly updates. Seeing how much goes on in Parachute + partnerverse in a week, this is going to be a humongous challenge. Let's see how it goes. Wish me luck! Our good friends at Uptrennd, did a shoutout to a previous weekly update. You guys rock! And this is why making these updates is so worthwhile. This week's post is easily going to be the biggest one yet. Here's your week at Parachute (29 March to 4 April):

Parenas were aplenty this week. Starting with the weekly Parena which Alexis won to take home a lion’s share from the 200k PAR pot. Alexis also picked the Metallica theme Parena spoils by beating Kamo in a quick finale battle and claimed his rightful share from the 100k PAR pool. And finally, we had a WED Parena after a long time. Chris sponsored 1M WED for the Parena pot, and almost won the winner’s share if not for Clinton whose Zebra beat Chris’ Mink to claim top spot. Damn! That’s a ton of PAR and WED given away in a single week in Parenas. Jason hosted the first ever Parachute-based trivia instead of the normal Gamee games for the week. It’s been a fun ride with even Cap and Ice getting stumped by one of the questions.

3-2-1, Kamo goes down! Alexis is victorious!

We are also starting to see multiple Parachute partners collaborating with each other. Zachary from BOMB joined Jeff from Uptrennd for a live stream chat on what the future holds for the crypto market. In other BOMB news, the BOMB puzzle stayed unsolved. 1000 BOMB tokens were burned as a result. The riddle was about Vitalik Buterin’s death hoax. To prove that he was alive, Vitalik had uploaded a picture of the latest block size. The answer could be reached by hashing together the block reward and parent block and finally adding gas at the end. ETHOS followed up its BOMB listing with a featured article explaining what the project was all about. Folks who haven’t had the chance to read up on BOMB yet, check it out. Did you know that ETHOS has been acknowledging good conversations in their Telegram channel using ParJar for quite some time now? Read here about it and join in! The latest updates to the dev diary and dashboard were made this week. Also, if you aren’t on Uptrennd yet, check out this article on MrBTC to find out what you’re missing out. “Uptrennd currently share around 80% of the websites revenue with their users”. Boom!

PoL – Proof-of-Life

In Cryzen-world, all Free accounts participating in the Battle of the Bots #1 Competition were upgraded to Starter accounts for the month of April. Simulation sharing is now live on the Cryzen Code Studio thanks to Robin. Any backtest can now be shared with the world using a link. Click here to check the test run of Shuvro’s Mean Reversal algorithm. Once there, you will be able to use the Share button and social links on top to share the backtest with friends. Plus, the algo-of-the-week would have to be Shuvro’s Mean Reversal bot live trading ETC on Binance netting an ROI of ~16%. Pretty neat!

This beauty looks like a contender for the Battle of the Bots

Matthew sat down for a tete-a-tete with Ben (Ethfinex) to talk about the aXpire project. While AXPR didn’t make it to Ethfinex in the vote (more on that in the next update), the greatest takeaway was the community and influencer support that came along the way. Roger Ver, J.D. Salbego, That Martini Guy and Crypto Mobster (Ash Davidson) were some of the well known personalities that got behind aXpire. Oh Hey Matty’s review of AXPR also came out this week. And there’s not enough that could be said of the awesomeness of the aXpire community. They came out in numbers to back up the project and vote. In the next update, we will share how the community gave exceptional support during the voting phase. On a lighter note, this was also April Fool’s week. aXpire’s prank turned out to be so believable that some folks got stumped. The team had to change the headline and add an “EDIT” to emphasise that it was a joke. Haha! Remember, aXpire’s visit to SOS Children’s Village in India? Here’s some pictures from the visit. The monthly AXPR burn was also this week. 110k AXPR gone forever. Congratulations to the Telegram contest winners for snagging 100 USD worth of AXPR each! And finally, click here and here for a sneak peek at the MatchBX redesign. Stay tuned for more! Below is a big picture view of how aXpire is building adoptable blockchain infrastructure for all:

The aXpire ecosystem has both enterprise and consumer products

2gether co-founders Ramon and Salva were invited this week by KPMG as part of their KPMGTalks Series. Click here and here for pictures from the event. As chosen by the community through a vote, this video is now the official intro for 2gether. Also check out the presale trailer which features the intro. If you’re participating in the presale, make sure to go through the product roadmap and fund use plan. And if you’re travelling to the FinTech Unconference in Madrid in May, you can catch a moment with Salva who will be speaking there.

Intended Use of Funds from 2gether presale

HYDRO fans, check out the latest community update for a lowdown on all things HYDRO. Some of the highlights from the update are – addition of ParJar (covered in our last update), listing of HYDRO on ETHOS, making it to the final Ethfinex list for community vote (like aXpire). The Hydrogen Molecule security token investment platform is under development. For a demo, you can get in touch with the team. Hydrogen co-founder Mike was in Istanbul this week to speak on “APIs and Cloud” as part of the Istanbul Fintech Week. Click here for pics from the event. Plus, HYDRO is now part of Binance Info’s Transparency Initiative. As a result, the project received the V label (like Fantom did). The V label means that the project team is itself providing relevant information on Binance Info. As part of the Ethfinex voting process, Ben interviewed Mark Anstead, Hydrogen head of BD. Hydro will be BUIDLing a Bitfinex/Ethfinex/NEC centred dApp if they make it to the top 3 in the votes. In more BUIDL news, the upcoming Hydro dAppStore could look like the following:

Hydro dAppStore UI teaser
Blockport fans will know that social trading is a key upcoming feature of the project. In this detailed piece, founder Kai explains the details of this feature and what it holds for the future of Blockport. In Switch news, the first fee airdrop to ESH and SDEX holders was done this week. As part of distribution, 300k ESH and more than 3k USD in ETH was given out. A few more quick updates can be found in this article. Here’s John McAfee speaking on the importance of DEX’es and why SwitchDEX is a promising project. If you haven’t read up on SwitchDEX yet, this article lays bare the details of the Dex and its token (SDEX). Bounty payouts with Bounty chocolate bars was enabled by Bounty0x on 1st April (notice the date :p). Wonder if anybody tried a payout. The BNTY roadmap was updated recently. Check it out here. Plus, if you are participating in any bounty on the platform, the weekly distribution report will be of interest. Opacity enthusiasts, check out the March update from Jason. Some key takeaways from the update would be on the development-front. Opacity is also one of the few projects in the crypto-space that share finance updates. Below is 2019 expense forecasting for Opacity:

Actual expenses for March, forecasts for others

And finally, a quick summary of updates from some of the other partners. District0x is calling on meme lords to be prepared with their dankest memes for the MemeFactory0x launch day. The weekly District update and biweekly Dev update share the latest progress in District Registry and Ethlance among others. Fantomites, check out the monthly recap of the project for March. Another FTM fundamental analysis dropped this week. This time by FundaMint. Check out the analysis report here. Fantom’s CIO Michael Kong sat down for an AMA this week to answer questions from the community. His reverts can be found here. Dutch followers of Fantom, make sure to mark your calendars for an AMA on 25th June. That Martini Guy’s video mentioned in the aXpire update above also covered FTM as one of his picks for Q2 2019. Woot! Horizon State Token (HST) is now available for trading on Easy Crypto for folks in both Australia and New Zealand. The latest version of the Gem app (v0.17.4) with significant performance upgrades is now live on the App Store and PlayStore. The WednesdayClub dApp is now searchable on dappradar and state of the dapps.

That’s it for this week! Have a great weekend folks. Don’t forget to listen to this super chill soundtrack recommendation from Cap. Until next time. Ciao.
submitted by abhijoysarkar to ParachuteToken [link] [comments]

Weekly Crypto Recap for the week ending July 27

Developments in Financial Services

Regulatory

General News

submitted by QuantalyticsResearch to CryptoMarkets [link] [comments]

Weekly Crypto News Recap for the Week ending July 27

Developments in Financial Services

Regulatory

General News

submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Bitcoin Stumbles + 2020 Price Predictions, Binance Upgrade, Bitcoin SV Is Fake & Litecoin Adoption The Truth Revealed, Binance Mining Pool, Digitization Benefits & Bitcoin Trade Volume New High HUGE FINANCIAL OPPORTUNITY! BITCOIN ADOPTION BLAST OFF! BANK RUN ALERT! TOP 15 CRYPTO PROJECTS! Ripple XRP: Why Did Binance Acquire CMC & 3 Huge Points Screaming “Mass XRP Adoption” Binance Stable-coin REPLACING $USDT  $1,000 $LTC  Bitcoin Adoption EXPLODES! Bitcoin Q&A: Binance hack, chain roll-back? Blockchain Adoption Skyrockets, Cryptopia's Mess Continues, Binance Enters Europe

Binance users can now buy Bitcoin with practically all of the fiat currencies in existence; Binance, which is one of the leading cryptocurrency exchanges in the world, has partnered with the peer-to-peer crypto exchange Paxful. Via this partnership, Binance users can now use 167 different fiat currencies to buy Bitcoin. Binance CEO Rejects Donations for Hack Loss, Drops Bitcoin Reorg Idea. Following the recent hack and loss of over 7000 Bitcoins ($40 million) to cyber hackers by his exchange platform, Changpeng Zhao CEO of Binance has rejected moves for donations and external support. According to the CEO and known to its large customer base, the globally recognized exchange operates an insurance scheme code ... Binance has been one of the most significant exchanges within the community crypto for its excellent service for the sale and purchase of Bitcoin and Altcoins. The platform is at the service of a long list of countries throughout the world for the operations of experienced traders and beginners and despite having gone through a millionaire hack about a month ago, the exchange remains standing ... Category Archives: Binance Launchpad. Auto Added by WPeMatico. Crypto Exchanges Cast IEO Spell, Global FOMO in Effect . Leave a reply. After months of research and development, global crypto exchanges finally revealed a new magical weapon in their spellbook with the successful casting of the “Initial Exchange Offering” (IEO) spell earlier this year. Mages from the various exchanges and ... Individuals, businesses, developers: learn from our simple Bitcoin guides. How Bitcoin works, what is Bitcoin, what is blockchain, how to buy Bitcoin, what is Bitcoin mining and more. This web public API was created by Binance. The Binance API endpoint is located at wss://stream.binance.com. You can find the Binance portal / hompage here.If you need Binance API support, you can contact support directly at [email protected], or reach out to their Twitter account at @binance_2017.For more information, check out their API Documentation. Bitcoin and Cryptocurrency Technologies by Princeton University. Coursera offers you a big range of cryptocurrency and blockchain courses from universities. One of the best courses in this sphere is Bitcoin and Cryptocurrency Technologies by Princeton University. The 12-weeks course consists of video lectures and some tests. It can help you to understand cryptocurrencies, especially Bitcoin ... Binance.you-name-it is currently a domain with a purpose. There’s Binance.com, as well as Binance Jersey- and soon there will be Binance US. Then there are the Bitcoin exchange’s many projects, including Binance Research and Binance Charity. Binance.charity launched a new effort this week with an initial goal of tackling “period poverty.” Trade over 40 cryptocurrencies and enjoy the lowest trading fees in America. Bitcoin SV (BSV) is a Bitcoin Cash hard fork that was released two years ago and is based on the vision of Satoshi Nakamoto, the founder of cryptocurrency. The abbreviation SV stands for Satoshi Vision. Bitcoin SV has the same operating principle as the original Bitcoin. Blockchain is a registry that includes a sequence of blocks. Each block ...

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Bitcoin Stumbles + 2020 Price Predictions, Binance Upgrade, Bitcoin SV Is Fake & Litecoin Adoption

Bitcoin adoption blast off! Biggest Bank run in decades! Whale Alert 5500 BTC moved to binance! Top 15 Crypto Projects Rankings Start of bitcoin run up or more downside ahead? For Business Inquiri Blockchain adoption (supposedly) skyrockets, cryptopia keeps digging themselves deeper, and Binance moves into Europe with a fiat exchange. Vote for me for "Most Relatable" at the Crypto ... My Second Channel: https://www.youtube.com/channel/UCvXjP6h0_4CSBPVgHqfO-UA ----- Supp... Bitcoin Stumbles + 2020 Price Predictions, Binance Upgrade, Bitcoin SV Is Fake & Litecoin Adoption The Modern Investor. Loading... Unsubscribe from The Modern Investor? Cancel Unsubscribe. Working ... BUY A LEDGER NANO X or S To Keep Your Crypto Safe! http://www.ledgerwallet.com/r/f99b #XRP #Ripple #Crypto SUPPORT Me On PATREON! http://www.patreon.com/work... Use my referral code "cryptofiend" to sign up for Crypto.com and we both get $50! :) Use Code “cryptofiend” Follow me: Twitter: https://twitter.com/RyanR... Binance considered rolling back the Bitcoin chain in order to recover stolen funds. How would that have happened? How likely is it that such a recovery method would be executed in the future?

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