An Inside Look at Kim Dotcom’s Upcoming Bitcache and K.im Platform

An Inside Look at Kim Dotcom's Bitcache and K.im Platform

Last week news.Bitcoin.com reported on Kim Dotcom’s teaser video of the highly anticipated Bitcache application. We got early access to the K.im platform this week and decided to test the Bitcache demo – a new application that lets content creators earn bitcoin through microtransactions.

Also read: Bitcoin Is Becoming a Popular Investment for Middle-Class Americans

Testing Bitcache and the Demo Version of K.im

Kim Dotcom has been teasing his fans and bitcoiners about his new Bitcache application for quite some time, while also fighting an extradition to the U.S. Bitcache works with the K.im platform and allows anyone to upload documents, code, videos, and music files so they can get paid in bitcoin for their work. Users just upload their content to a broad range of storage services and social platforms, and they get an embedding code for their websites, and the content can also be shared on Facebook, Twitter, via email, and Google. When the file is uploaded to a distribution site payment is required to download the content, and the creator gets paid in bitcoin.

We got early access invite to test K.im, as the application is currently in demo form. After getting a special link to the website, I was greeted by a page that lets you create a Bitcache wallet. Bitcache provides you with a private key, wallet ID, and a password and this is where bitcoin is sent when users download content. After I created my wallet, I decided to upload my “How to Solve the Rubik’s 3X3” document using the K.im platform.

An Inside Look at Kim Dotcom's Bitcache and K.im Platform
Step 1: Set your content’s price.

While my Rubik’s 3X3 document was uploading, I selected a price to charge people who could later download my instruction manual. I set the price at five cents, and the value was converted into bits, and my upload was then complete. Next, I was directed to a page where users can customize how customers will see how their video, file, or document will look. You can add a title, introduction, description, cover image, and choose the content’s category.

An Inside Look at Kim Dotcom's Bitcache and K.im Platform
Step 2: Customize content page.

Following the customization page, the platform directs you to the Bitcache wallet section where you tether your wallet to the content. I entered my wallet ID and password that was given to me at sign up. After the wallet is tied to the content, you go to a distribution page that has a massive list of cloud storage services, P2P torrent mirrors, and other social media services. Storage sites include Dropbox, Google Drive, Mega, Nitroflare, Wikileaks, Reddit, Usenet, Demonoid, and many more are available. Further, users can upload their content to ‘swarm sites’ such as Storj, Sia, Filecoin, and IPFS. You can also upload the content to multiple distribution sites at once.

An Inside Look at Kim Dotcom's Bitcache and K.im Platform
Step 3: Connect your Bitcache wallet.

After my Rubik’s 3X3 document was uploaded to K.im’s back end, I chose to upload it to every single cloud storage service listed. When all the uploads finished, I was shown a preview of the content and users can now download my Rubik’s solve instructions for five cents worth of bitcoin. K.im provides you with a link to embed a widget on your website, and you can also share the link to social media and directly through emails or message apps.

An Inside Look at Kim Dotcom's Bitcache and K.im Platform
Step 4: Choose a distribution site.

Five Simple Steps and Users Can Distribute Content All Across the Web and Be Paid in Bitcoin

I was pretty impressed with the K.im platform’s user interface and the simple-to-use Bitcache wallet. Everything is pretty easy if you are used to platforms like Imgur or other content sharing websites.

An Inside Look at Kim Dotcom's Bitcache and K.im Platform
Step 5: Wait until all uploads finish, and the process is complete. You can now copy and paste an embed code or share the link across the web.

Additionally, the wide range of distribution sites to upload content to adds more flare to the application as there’s a lot to choose from. All the platform needs to do is catch on with the masses, and it could be an attractive vehicle for people to get paid with bitcoin microtransactions for content. With Kim Dotcom being a well-known figure in the online sharing industry he might just be able to pull it off.

What do you think about the K.im platform and Bitcache? Let us know in the comments below.


Images via Shutterstock, K.im, and Bitcoin.com.


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PR: Five Advantages of Universa Blockchain over Bitcoin and Ethereum

Five Advantages of Universa Blockchain over Bitcoin and Ethereum

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Five Advantages of Universa Blockchain over Bitcoin and Ethereum

Universa, a blockchain cryptoprotocol of the new generation, which is much faster and cheaper compared to Ethereum and Bitcoin, launched its pre-ICO on August, 28, 2017.

The inspiration behind the project is Alexander Borodich, a technology investor, the founder and managing partner of VentureClub, the former head of marketing at Mail.ru group, Russia’s largest IT company. Universa presents a number of overriding advantages over Bitcoin and Ethereum blockchains.

  1. Universa introduces a new generation unique blockchain technology.

Universa was originally being developed not as a cryptocurrency, but as a distributed system for executing smart contracts. Therefore, the Universa platform does not depend on mining, which results both in high speed and transactions low cost, with a distributed consensus model providing the same level of trust as in the existing blockchain protocols. The consensus in Universa is the consent of 91% of the network nodes. Forging becomes practically impossible at this level of consensus.

  1. Universa is 1000 times faster than Bitcoin blockchain.

Universa nodes do not require mining and are responsible for verifying the transactions and smart contracts that customers submit onto the network. Waiving mining opened a way to increase network performance by hundreds of times. The Universa blockchain simple protocol is supplemented by the highly developed declarative and logical language of smart contracts. Such architecture made it possible to reach the speed of 10,000 transactions per second on the network nodes.

  1. Transactions in Universa are 100 times cheaper than in Bitcoin.

Due to Bitcoin’s volatile and speculative nature, microtransactions in the Bitcoin blockchain deem economically meaningless. It is not economically reasonable for a business to pay $3,5 for a few cents worth transaction, processed by the network for about 10 minutes, on top of that. Universa make a favorable difference if compared to Bitcoin and Ethereum, by allowing its users to make hundreds of times more transactions per second, and at a very low price.

  1. In the Universa protocol, smart contracts are smart indeed, which broadens their implementation in real business significantly. Universa smart contracts are more than applicable for programming all kinds of applications, both intracompany ones and those operating in a public blockchain.

For example:

  • Vehicle smart key / CarSharing, attached to the compartment, which creates an owner-vehicle-contract provisions chain. An owner can temporarily associate another key (valet mode, service mode) or hand over all rights to another owner (sale). If GPS system is installed in a car, it is also possible to issue a key that operates within a certain field (valet, service). In such case, a phone or a smart key chain can act as the key;
  • Hotel, shopping mall, gym, SPA. Universa smart contract can create a unified room and locker key; SPA and fitness pass card; purchases from vending machines, accessing parking lots, etc. The key can be a RFC Tag as well as a smartphone, with or without NFC. All resources can be limited in terms of time or available credit;
  • IoT; smart things for home. Smart contract associates the purchased item with the customer. Universa allows smart things to work together and provides a simple mechanism for managing different users’ rights without Internet access. It also provides an easy mechanism for handling rights over one side to the other at selling transactions;
  • Smart home. It allows to associate home with the owners and guests using their ID, to manage roles and rights, and to operate without Internet (provided a special node is installed) after the handover of rights;
  • Gas stations, toll roads, parking lots. A phone with the Internet access can operate as a transponder. A customer receives an inquiry to his or her phone through the Internet, when approaching gates, the phone sends a confirmation request or checks the approximate coordinates, and then authorizes a payment;
  • Warehouses, transportation, cargo delivery. Smart RFID seals, using QR codes contracts.
  1. Universa is real “smart money“.

Business-logic of the bitcoin-blockchain is limited by wallets and their balances. Smart contracts on Ethereum operate with a limited set of metadata. Neither of the two blockhains can cope with simple task of linking a fixed amount of money to a smart contract in the currency required for a specific business at the moment – euro, dollars, or rubles. Universa allows to create and transfer existing currencies as well as the new ones through the contract. Universa provides a gateway for services that automatically accept input electronic documents (electronic money, obligations or agreements, intellectual property, excises, bids on auctions and tenders, id or electronic passports) and creates standard output documents based on the rules and provisions of “smart contracts.” The implementation of Universa makes the transition to electronic commerce very cheap – for example, by using the Universa ready-made communication service, one can buy electronic materials from individuals (for example, photos or articles), trade all sorts of goods, provide loans, exchange or sell securities, and operate with other financial instruments as well. The legal entities receive a convenient tool for working with excises, tenders, auctions, transaction passports, customs declarations. Almost any tasks are conveniently and easily automatized by applications and smart contracts of the new Universa blockchain.

Press Contact Email Address
[email protected]
Supporting Link
https://www.artox-media.ru/


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

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Orderbook Launches Its First Full Scale ICO via Decentralized Token Exchange

Bitcoin Press Release: Decentralized Ethereum token exchange platform, Orderbook debuts Propy Inc. ICO, raises over $12.7 million and counting.

August 31, 2017, Singapore – ‘Orderbook’, a decentralized Ethereum Token Exchange, made history on August 15th, 2017 by launching its inaugural ICO. Propy Inc, — an innovative real estate technology company. The ICO has already attracted investments worth over $12.7 million with another 22 days to go. The crowdsale has attracted a diverse range of participants with varying interest in Propy’s technology implementation and business model.

Historically, digital currency exchanges have not had the means to conduct ICO’s themselves. Orderbook brings the market to the next level of maturity by introducing an ICO platform that can be used by businesses in every industry, regardless of technical insight. The platform gives users access to the latest blockchain tech, without requiring an understanding of how the technology works under the hood.

Orderbook provides an ICO Widget which allows interested patrons to easily participate in the Propy ICO. The Orderbook Widget is a revolutionary piece of Ethereum-based software which gives ICO participants the ability to seamlessly and easily contribute through its secure, decentralized platform, without ever leaving an ICO’s website. Orderbook widget’s frictionless design allows companies interested in launching their own ICO to instantly transform their landing page into a transaction gateway, saving them from the time consuming and expensive hassle of developing a custom platform from scratch. The Orderbook widget seeks to improve transaction functionality, while making the entire ICO process more secure and streamlined for blockchain companies and their supporters.

Orderbook is unique in that it is a completely decentralized token exchange platform which handles all transactions transparently via the Ethereum Network. The security inherent in Ethereum’s existing infrastructure ensures that transactions are being handled in the safest manner possible.

All critical operations within Orderbook are executed via Ethereum smart contracts, establishing state-of-the-art security for participants. The platform provides full transparency and immutability by recording all transactions on the blockchain. Orderbook is entirely trustless and stores all assets “on-chain”. Exchange operators do not have access to users’ keys, and thus cannot withdraw customer funds directly. The smart contract implementation also contains a unique recovery function which makes it the most secure, innovative Ethereum wallet with a conventional user interface in existence. Orderbook is excited to have created this efficient, transparent, and versatile environment for the blockchain industry.

Learn more about Orderbook at – https://orderbook.io/
Follow Orderbook on Facebook – https://www.facebook.com/orderbookio
Follow Orderbook on Twitter – https://twitter.com/orderbook_io
Join the Telegram channel at – https://t.me/joinchat/AAAAAA2i5AUMn3RpatYG5Q

Media Contact

Contact Name: Andrew Zapotochny
Contact Email: [email protected]
Location: Singapore

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

About Bitcoin PR Buzz:

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR.

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Strict Regulations Drive Shapeshift and Keepkey out of Washington State

Strict Regulations Drive Shapeshift and Keepkey out of Washington State

Digital asset exchange Shapeshift and its recently acquired hardware wallet maker Keepkey have announced that they are exiting the U.S. state of Washington. This is due to the state imposing strict regulatory requirements based on “Senate Bill 5031.”

Also read: Washington Politicians Defend Regulations as Cryptocurrency Exchanges Flee

Shapeshift & Keepkey Flee Washington State

Shapeshift announced this week that it is leaving the State of Washington, due to requirements of the new law known as Senate Bill 5031. The state’s regulators have declared that each blockchain service provider operating in the state needs a license under this law. The exchange described:

Under this interpretation of the law, we would now be required to ask permission from Washington before we buy and sell our own property for our own account. Moreover, we would be required to spend hundreds of thousands of dollars to maintain a license, only to extract our users’ personal information and store that information for hackers to steal.

Strict Regulations Drive Shapeshift and Keepkey out of Washington StateShapeshift asserted the regulators’ position likely “endangers customers, stifles growth, and generates unnecessary frictional costs for young innovators,” citing its similarity to the New York State’s Bitlicense. In addition, the exchange claims that the requirements offer little to no benefit to the state’s residents, given how the exchange is noncustodial – so the risk of loss to customers is minimal.

“We believe the position that Washington’s regulators have taken is unethical, wasteful, and reckless,” the exchange wrote. “We cannot expect the same people, and the same thinking, that designed, built, and promoted the legacy fiat financial system to do what is needed to build a better alternative.”Strict Regulations Drive Shapeshift and Keepkey out of Washington State

Furthermore, Shapeshift has recently acquired leading hardware wallet Keepkey. The Seattle-based company is also leaving the state. Shapeshift added:

Keepkey will now be moving its headquarters away from the State permanently. The jobs it has already created and will continue to create will leave with it as well.

The Exodus of Exchanges

Strict Regulations Drive Shapeshift and Keepkey out of Washington StatePrior to Shapeshift, a few other companies have also left Washington State. In July, Poloniex exited because of the same reason. “After careful consideration of the Washington State Department of Financial Institutions’ interpretation of its financial services regulations, Poloniex will suspend Washington account creation until further notice,” the exchange announced at the time.

Strict Regulations Drive Shapeshift and Keepkey out of Washington StateIn March, Bitfinex said that it would not obtain a license to do business in the state. Then earlier this month, the exchange announced its departure from the U.S. market altogether because of strict regulations. Bitfinex cited licensing requirements as well as the U.S. Securities and Exchange Commission (SEC) considering Initial Coin Offerings (ICOs) securities subject to its laws.

Strict Regulations Drive Shapeshift and Keepkey out of Washington StateCryptocurrency exchange Kraken also left the state in March this year. The company cited “high cost of continuing to meet the regulatory compliance requirements imposed by the state,” as the reason. In addition, Gildera also ceased its service to Washington State customers in March. The wallet funding service was acquired by Kraken in December 2016.

The first major exchange to leave Washington State was Bitstamp, which left in December 2016 due to regulatory constraints. Meanwhile, Coinbase and Gemini say that they are licensed in Washington State.

What do you think of Shapeshift and Keepkey leaving Washington State? Let us know in the comments section below.


Images courtesy of Shutterstock, Shapeshift, Keepkey, Poloniex, Kraken, Bitfinex


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US Financial Commission to Issue Certification for ICOs

The Financial Commission has established a panel of purported fintech experts to issue certification and assess the merits of prospective initial coin offerings (ICOs). The independant body has been named the ICO Certification Committee, or ICC.

Also Read: Chinese Regulators Consider Crackdown on ICOs

The Financial Commission Has Established an Independent Body Tasked With Certifying Initial Coin Offerings

 The Financial Commission has established a panel of purported fintech experts to issue certification and assess the merits of prospective initial coin offerings

The Financial Commission, an independent body that certifies trading technologies and conducts procedures for external dispute resolution for the forex industry, has established a committee tasked with certifying new ICOs. The ICO Certification Committee will comprise an independent self-regulatory organization backed by the Finance Commission’s Dispute Resolution Committee. The ICC will assess initial coin offering according to a yet to be disclosed set of criteria.

Peter Tatarnikov, chairman and founding member of the ICO Certification Committee, has articulated the circumstances leading up to the establishment of the ICC, in addition to its goals. ”The ICO certification service was a natural addition to our existing technology certification service for Fintech companies. cryptofinancing via ICOs is skyrocketing in popularity yet the process is still ridden with challenges for issuers and investors – so the need to establish best practices for Fintech companies seeking capital raises via cryptofinancing was needed and Financial Commission is pleased to now offer certification to eligible firms seeking to do an ICO.”

The Establishment of the ICO Certification Committee Comes at a Time of Intensifying Scrutiny From Governments

Financial Commission to Issue Certification for ICOs

The ICC is expected to act as an extension of Financial Commission, which comprises an independent dispute resolution and self-regulatory body for the forex industry. It is expected that the ICC will largely operate in the interests of forex brokers, and seek to develop criteria by which to assess the risks associated with facilitating the trade tokens or derivatives associated with initial coin offerings. The Financial Commission’s external dispute resolution services are not registered or regulated within any jurisdiction.

The establishment of the ICO Certification Committee comes at a time of intensifying scrutiny from governments with regards to initial coin offerings. The United States Securities and Exchanges Commission (SEC) recently issued a warning aimed at ICOs that may be conducting the unregistered distribution of securities, with Canadian and Singaporean financial regulators quickly echoing the SEC’s position. It has also been revealed that Chinese regulators have been discussing measures designed to crackdown on the ICO industry, including the consideration of a complete suspension of all initial coin offerings being conducted within China.

Do you think that we are likely to see more self-regulatory bodies pertaining to cryptocurrency and ICOs? Share your thoughts in the comments section below!


Images courtesy of Shutterstock and Financial Commission


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PR: Crypto Analysis Engine Trackr Has Been Accepted on 3 Exchanges and Raises Nearly $200K – ICO Is Currently Live With a Bonus!

Crypto Analysis Engine Trackr has been accepted on 3 exchanges and raises nearly $200K - ICO is currently live with a bonus!

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

LONDON, UNITED KINGDOM — (August 31, 2017) — Trackr, a crypto analysis engine, has been in talks with various exchanges and has confirmed listing on at least 3. This allows users using the Trackr platform to easily purchase and trade the tokens for the platform and utilize its platform trading and subscription models. Trackr will release information on exchanges sooner to the ICO conclusion date.

The team have also recently conducted a video interview with popular YouTube cryptocurrency discussion channel iTuber. The full video interview can be viewed at can be viewed here and answers various questions from the community about the project and its future and goes more in-depth about the vision and strategy.

Built on the immutable Ethereum blockchain technology and crypto exchange API’s, the team have developed an analysis engine with an accompanying mobile app that lets users perform automatic analysis of their crypto investments. The user interface is optimized to provide users a snapshot of their profit/loss and identify areas for improving their investment strategies.

A free to use Alpha version can be downloaded on iOS and Android devices through the Play Store or the App Store. The proof of concept version is capable of importing transactions from your wallet and visualizes your profit/loss trajectory, furthermore it can be configured to provide notifications to alert you of market events such as pumps and dumps. The Alpha has been received with success and moving forward the team have devised a 7-phase roadmap plan which will see it implement analysis algorithms such as machine learning and Monte Carlo simulations to predict market prices and other advanced features such as backtesting of investment strategies.

The Trackr token, ‘TKR’, serves a number of purposes, most notably acting as the currency which allows in-service purchases, users can operate in a decentralized environment and make use of Ethereum’s peer-to-peer technology to share investment strategies and portfolio successes with other users for a price they set, charging a nominal fee to use the platform which is transacted on by smart contracts.

Funds raised through Trackr’s crowdsale will be distributed to further development of the Trackr offering which includes infrastructure and legal costs (40%), team expansion (20%), research and design (20%), product development (10%), and advertising/marketing (10%).

For more information on how to contribute to Trackr’s on-going crowdsale, please visit their website.

About Trackr:
Trackr is a cryptocurrency performance analysis platform targeting both casual crypto investors and seasoned traders. The vision behind Trackr is centered around providing a simple and easy to use service that combines advanced mathematical models and algorithms to perform an in-depth analysis of the user’s portfolio and to provide a summary highlighting shortfalls and areas of improvement in one’s investment strategy. Trackr is ideal for beginners, advanced traders, and anyone looking to enter into the crypto world.

Press Contact Email Address
[email protected]
Supporting Link
https://www.trackr.im


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

The post PR: Crypto Analysis Engine Trackr Has Been Accepted on 3 Exchanges and Raises Nearly $200K – ICO Is Currently Live With a Bonus! appeared first on Bitcoin News.

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Anti-Censorship Bot For Detecting Deleted Posts on Reddit Gets Censored

Censorship

A bot called “censorship notifier” was recently released on Reddit. It was built to scan for censored posts, but it has now been censored from discussion threads. A recent r/btc post by the bot creator explained its purpose, but also provided information that users from r/bitcoin wanted it silenced or removed. Apparently, they complained to r/bitcoin mods about the bot in the hopes of squelching it. This caused the bot to get disabled. 

Also read: Bitcoin Is Becoming a Popular Investment for Middle-Class Americans

The bot’s creator post read, “New bot in testing. Notifies people in /r/bitcoin if their comments or posts get silently removed, or greylisted into the moderator-review queue.”

Bot is Meant to Collect Useful Statistics; Opt in Action

The post further mentioned that the goal of the bot is to collect data of censorship for the purpose of having useful statistics about moderation habits. However, almost anything a user posts on the bot will be monitored by moderators. The bot’s creator said they are open to feedback and suggestions. The bot elaborated:

“I am open to feedback and suggestions (though it will take some time to implement things). Be aware that anything you post here will almost certainly be read by the moderators of /r/bitcoin. In the next few weeks the plan is to have the bot automatically collect and periodically publish useful statistics on /r/btc and /r/bitcoin.”

Bot Utilizes Opt-in Mode; User Backlash

As a result of complaints about the bot, the bots basic functionality was disabled. However, the creator of the bot decided to enable it with an opt-in service. Now users can simply private message the bot and type “please message me about removed comments and posts,” and the bot will work. Users can private message “stop” to cease receiving messages.

Overall, the bot has received controversial reception from Reddit users. Some are miffed at the idea that a bot will record what posts get deleted or greylisted. One user was so upset he believed the bot was built to brainwash him. He took a screenshot of the bot and said, “I sent the mods a screenshot of this. You tried to brainwash the wrong guy. Fuck you.”

What do you think about Reddit censorship problems? Will bots help mitigate some of the problem? Let us know your thoughts in the comments below.


Images via Shutterstock


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