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Blockchain Guides

What Is Aphelion Cryptocurrency?

In recent years, distributed ledgers, blockchain technology, and smart contracts have disrupted a multitude of industries. According to many experts, these technologies have the potential to foster the creation of new tools that will allow crypto solutions to find mainstream acceptance.

Aphelion is an all-new blockchain service that aims to resolve many of the issues that are commonly faced by today’s most popular crypto exchanges and trading platforms. Aphelion makes use of distributed ledger technology (DLT) and employs an open source, peer-to-peer (P2P), decentralized asset distribution application protocol that has been built entirely on the NEO blockchain.

Additionally, Aphelion makes use of a tokenized transaction framework called DEAL, or Distributed Exchange Asset Ledger. All DEAL transactions are facilitated via smart contracts which are devised by users and are independent of crypto exchanges or trading platforms.

The native Aphelion token serves as a Liquidity Verification Device (LVD) that helps power transactions directly between users in a completely instant, secure, and free manner.

One can view Aphelion contracts as codes that run on the global Aphelion decentralized peer-to-peer protocol.

Here’s an overview of the system:

  • Aphelion is an independent blockchain platform that operates autonomously and cannot be controlled by a single operator or entity.
  • The native Aphelion (APH) cryptographic token is stored within a public decentralized blockchain.
  • It allows for direct peer-to-peer trading without the need for intermediary third-party organizations or central authority figure.
  • Aphelion facilitates universal cross-border cryptocurrency trading.
  • The platform allows users to grow their on-chain and cross-chain portfolios using a unique smart contract framework.

Key Features

For starters, Aphelion is a P2P trading platform (DEX) that has been built entirely on the NEO blockchain. It provides its users with a wallet-based peer-to-peer trading experience that is streamlined and connects customers with crypto traders all across the globe.

Key offerings of the platform

Some of the primary advantages of NEO over other popular blockchains such as Bitcoin and Ethereum include:

  • Functional Efficiency: owing to the fact that NEO employs a dBFT (Delegated Byzantine Fault Tolerance) based model, it is able to ensure the settlement of all individual transactions within its network in a highly efficient manner.
  • Security: NEO deploys specially-devised smart contracts that have the capacity to integrate digital user identities, thereby allowing for real world applications for Aphelion.
  • Compatibility: the NEO blockchain is usable with a wide array of programming languages including C#, .Net, Java, Python, and Go.
  • Scalability: another highly underrated aspect of NEO is that it can support and facilitate up to 10,000 transactions per second.

Visual representation of the Aphelion ecosystem

Also worth mentioning is the fact that Aphelion allows users to trade cryptocurrencies within a totally decentralized and trustless environment. The platform eliminates third-party interference and provides users with benefits such as:

  • Little to no network fees or charges
  • Zero problems related to transaction delays
  • Minimal frozen assets, locked trades, and hijacked tokens

All Aphelion-initiated trades are executed directly on-chain or cross-chain between users in accordance with the terms and conditions that were consented to. Also, APH tokens that are expended during individual P2P trades are automatically redistributed to all APH token holders.

Lastly, Aphelion does not function as a hosted exchange, and as a result, the company never holds onto a user’s tokens or crypto assets. The platform is completely open source-based and utilizes a decentralized framework.


How it Works

Native APH tokens serve as the platform’s escrow device, storing the smart contract required to facilitate P2P trading between customers. For each transaction, a small amount of APH is required to compensate for network fuel expenditure. Additionally, Aphelion’s tokenized smart contracts can store order books in an immutable fashion and complete all internal trades in a fair and efficient manner.

Overview of how the Aphelion ecosystem works

Lastly, NEO supports the faster development and deployment of smart contracts because it is able to assist developers in the construction of DApps using programming languages that are already familiar to them.


About the team

Chris Mitchell is a primary consultant for this project. According to his LinkedIn profile, Chris has extensive experience in blockchain development and is has been a part of other high-profile ventures such as:

  • RMS (Principal Software Engineer)
  • Binify Inc (CTO/Co-Founder)
  • SchoolRunner (Application Engineer)

Jeff Solinsky is the primary development engineer for Aphelion. He too has been in the crypto sector for over five years and previously designed and implemented “reliable high performance low memory footprint algorithms, device drivers, and networked applications”.

Lastly, Adi Ben-Ari is another key team member. According to his online bio, Adi is the founder and CEO of Applied Blockchain, a team of blockchain smart contract application experts and developers based at Level39 in Canary Wharf, London.

Token Details

Introduced into the market just over ten days back, the APH token has remained fairly stable in price since its inception.

APH token lifetime performance data (courtesy of CoinMarketCap)

After trading at $0.267 on May 1, the currency hit its market high just five days later when the price of a single token scaled to an impressive $0.77. However, its value has since stabilized, and it’s now priced at $0.324 as of May 12.

Final Thoughts

With Aphelion providing users with the ability to trade cryptocurrencies in a totally decentralized and trustless environment, it would not be surprising to see this service gain more market traction and thus become more widely adopted in the coming months.

If you would like to start investing in Aphelion, APH trading pairs are currently available on Kucoin and Switcheo Network.

 

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Blockchain Guides

What Is Proxeus Cryptocurrency?

With the advent of blockchain technology, digital startups have started to create a network of value that provides customers with a unique method of transferring ownership and recording the settlement of real-world assets.

Proxeus can be thought of as a new workflow engine and platform that can be used by tech-driven individuals to generate documents which can in turn be used to make new DApps using blockchain technology.

This platform was the winner of the 2018 Swiss FinTech Early Stage Award. When using Proxeus, users will possess the ability to create new digital solutions by putting information into the network and building new workflows without having to spend time learning a brand-new programming language like Python or Rails.

The aim of this service is to help bring traditional companies and blockchain technology together. This is achieved primarily by rebuilding blockchain systems for traditional businesses so that they can be fully integrated into existing enterprises or layers of a program.

Lastly, this platform also serves as a proxy between the traditional business space and the crypto domain. Proxeus gives users of all knowledge levels the ability to create blockchain applications that are affordable and can be used in conjunction with existing enterprise systems.

Overview

  • Proxeus provides customers with a series of building blocks that can help organizations add extra value to their existing services.
  • The system focuses on creating digital documents that can be read by humans (PDF) as well as by machines (JSON).
  • Documents can be verified and notarized within the native blockchain. They can also be stored as encrypted files off-chain.
  • The service is presently compatible with the Ethereum and Hyperledger blockchains.
  • It has a highly simple user interface that can be used by novice as well as experienced blockchain operators.

Key Features

Proxeus’ unique work model combines three layers of services on top of the blockchain. They include:

  • Proxeus Core
  • Native operational modules
  • Third-party DApps

Key offerings of the Proxeus ecosystem

The DApps that can be created on the Proxeus core span a diverse range of use cases and can be implemented within niche areas such as:

  • Document certification and notarization
  • Tokenization
  • Reporting of blockchain events
  • Smart contract generation
  • Development of voting services

All of the aforementioned services can be used by network participants via either a web client or the company’s mobile application.

Visual representation of the core modules employed by Proxeus

For added context, Proxeus works in a way that is quite analogous to Outlook. For example, the platform deploys an SMTP layer on top of a TCP-IP protocol, thereby making interactions easier and more streamlined.

Other important advantages of Proxeus include:

  • The platform allows users to employ workflows, documents and IPs that have been produced by community members.
  • Customers have the option to store documents off-chain with storage providers that make use of the native XES token.
  • All stored documents are automatically notarized on the blockchain.
  • Users can build their own blockchain-based applications without needing to go through countless hours of coding.
  • Organizations using Proxeus don’t have to forgo the use of existing paper-based workflows.

How it works

Proxeus uses a foundational structure that incorporates the Ethereum blockchain. Ethereum currently offers blockchain enthusiasts with one of the most robust frameworks for constructing and developing novel decentralized applications. It also serves as an abstraction layer which is designed to deploy contracts on other blockchains as well — such as Hyperledger.

The structural outline of the ecosystem

The core components of this service are designed to allow for the quick creation of documents. Some of the primary functional modules of Proxeus include:

  • Form and document generator
  • Workflow builder and manager
  • Blockchain registry

Additionally, there are certain value-added services that users can deploy when making use of this platform. Those services relate to:

  • Data importation
  • External storage
  • Monitoring of blockchain events
  • Execution of smart contracts

Lastly, third-party users also have the freedom to build their own applications on this platform. Applications built on Proxeus can be monetized using payments in crypto or fiat currencies — depending on one’s particular needs.

About the team

Antoine Verdon is the co-founder and CEO of this venture. According to his LinkedIn profile, Antoine is also the founder of Sandbox, a global network of young entrepreneurs under 30. Additionally, he has been in the crypto domain for more than five years and was named one of the top 100 Swiss personalities by esteemed publications such as L’Hebdo and Bilan. Antoine holds a law degree from the Universities of Fribourg and St. Gallen.

Patrick Allemann is the CIO of this project. He has extensive knowledge of both data security and cryptography and has previously been associated with a host of ventures related to secure data storage.

Artan Veliju is Proxeus’ Chief Technical Officer. He has been in the blockchain domain for nearly a decade and has worked on technologies related to:

  • Merchant integration
  • Bitcoin ATMs
  • Blockchain-secured storage services
  • Mobile apps for the trading of tokenized assets

Lastly, Philippe Furter is the COO of this project. According to his professional bio, Philippe previously served as the CIO of an international shipping company where he helped digitize their business infrastructure.

Token Performance History

As mentioned earlier, all internal transactions taking place within the Proxeus ecosystem are governed by a native currency called XES.

XES token lifetime performance history (courtesy of CoinMarketCap)

Having been introduced to the market just over a week ago, XES tokens have remained quite stable in their value.

Initially sold at a rate of $0.25, the tokens are currently being traded at $0.177.

Final Thoughts

Proxeus delivers its customer base with an easy-to-use product that gives users the power to create blockchain applications that are affordable and compatible with current enterprise systems.

As a result of its unique technological offerings, it would not be surprising to see this service do well this year.

If you would like to invest in Proxeus, XES trading pairs are currently available on Qryptos, IDEX, and Radar Relay.

 

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Blockchain Guides

What Is ThinkCoin Cryptocurrency?

Various blockchain and cryptocurrency companies are looking to revolutionize the way in which people trade. Right now, trades occur through centralized platforms, which bring a lot of risks and problems to the table. TradeConnect is a venture designed to shake things up in the years to come.

The TradeConnect Concept

Competition in the financial industry often leads to innovative solutions. TradeConnect is designed to let traders exchange any financial asset instantly and without intermediaries. It is similar to a decentralized exchange model, although there are some key differences to take note of as well. Combining blockchain tech with financial trading seems like a powerful concept, assuming projects like TradeConnect can deliver.

Under the Hood

While TradeConnect mainly relies on blockchain, it is not the only technology to be utilized. As the project’s web page explains, there will be support for eBits, which is something we’ve been seeing more and more of in the financial sector. Using AI will, according to the team, lead to a higher degree of flexibility and personalized trading.

The removal of intermediaries is not just done for ideological reasons. In a practical trading environment, trades need to be executed immediately without a central point of failure. TradeConnect connects individuals and institutions with one another to create a balanced playing field. How this will play out exactly remains to be seen.

The trading aspect of TradeConnect will mainly rely on contracts. Said contracts will reside on the blockchain powering this ecosystem and can be verified at all times. It is this technology which allows for instant settlement. Although other projects are thinking along the same lines, TradeConnect can prove to be successful in its own way.

The Thinkcoin Token

A project such as TradeConnect seemingly cannot exist without its own native currency. This particular currency is aptly named Thinkcoin and will be sold through an initial coin offering. Users will be able to use ThinkCoin – or TCO for short – as a unit for all trades on the TradeConnect network. This applies to CFDs, Forex, commodities, shares, and so forth.

What’s Next for TradeConnect?

Although TradeConnect has a working MVP in the form of a mobile application for both Android and iOS, there is still much work to be done. The official roadmap does not include much information, other than getting the token listed on various exchanges by next month. Additionally, work on the mobile app, as well as the native technology, will continue behind the scenes.

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Blockchain Guides

What Is CryptoFind?

Getting more people excited about cryptocurrencies remains an ongoing struggle. A lot of everyday consumers do not see any merit in cryptocurrency, mainly because it is still a niche market. Developing applications which show people where they can spend cryptocurrency can certainly produce some interesting changes. CryptoFind is an interesting creation in this regard.

The Purpose of CryptoFind

As the name of this iOS app somewhat suggests, it is all about finding as many locations as possible which accept cryptocurrencies. So far, there is still no complete directory of such locations, even though wallets such as Edge make it a bit easier to spend cryptocurrency at businesses near you. It is somewhat surprising that there aren’t more efforts focusing on this particular aspect of crypto right now.

CryptoFind aims to change all that. The app, developed by GRAFT Payments, is meant to collect as many locations as possible for spending cryptocurrencies. With enough users submitting information, that shouldn’t be difficult. Users can mark places on a map within the app using their device’s GPS and include owner information.

Once the owner confirms that his or her location indeed accepts cryptocurrency payments, they will be listed in the CryptoFind app. Failing to do so will result in being delisted, although it is of the utmost importance for store owners to tap into this growing industry sooner rather than later. After all, there is no point in accepting Bitcoin or altcoins unless people know about it so that they can spend cryptocurrency.

When a listing is confirmed through the CryptoFind app, the user submitting the location will be awarded 100 GFRT tokens. Should the venue decide to accept this relatively unknown token, the person submitting the information will receive 500 GRFT tokens. It is an interesting way of incentivizing people to submit locations where cryptocurrency is already accepted. Additionally, it may lead to more locations eventually accepting Bitcoin and altcoin payments in the future. We all know that more of those locations are direly needed.

For those unfamiliar with the GRFT token, it is currently listed on CoinMarketCap.com as having a value of $0.017. This means that a successful submission will reward users with less than two bucks, but it’s an incentive regardless. More submissions will get users a lot more money, as there are bonuses for reaching a specific amount of submitted locations. Users can only submit a maximum of 100 locations per account, though, which is understandable.

Should any of the added locations stop dealing in crypto, they can be flagged by other CryptoFind users for removal. Moreover, the delisted venues will result in GRFT tokens being debited from the person who submitted the information. This is done to preserve honesty and maintain correct information at all times. Rest assured there will always be people looking to take advantage of such projects, as that is simply how the human mind operates.

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