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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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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 Sharder Cryptocurrency?

We live in a world where everything is data-driven. With the continuous development of information technology and smart life, we have witnessed a tremendous explosion in the growth of data use across the planet.

Sharder is an all-new cross-chain distributed storage protocol that introduces the concept of ‘Watcher and Prover’. The protocol’s own SharderUTXO model is compatible with the UTXO model that is currently employed by the Bitcoin blockchain.

From a technological standpoint, the Sharder Chain provides users with a high degree of:

  • Robustness
  • Security
  • Privacy

Also worth mentioning is Sharder’s use of a sharing economy model wherein the cross-chain distributed storage network is able to provide subscribers with an efficient, permanent storage service. Not only that, the protocol also enables subscribers with redundant storage space to share their extra space in exchange for attractive rewards.

Quite similar to the model used by Airbnb, Sharder Protocol’s multi-chain scheme employs a distributed, secure, convenient and permanent sharing network.

Lastly, Sharder deploys micro node miner (Sharder Hub) and storage mining all-in-one (Sharder Box) units that allow data miners to receive rewards by either contributing computing power or providing storage space to the network.

Overview of the platform

  • Sharder Protocol is open-source and free for everyone to use. It can be deployed within any public chain or storage network.
  • Independent users and third-party organizations have the ability to use Sharder and develop their DApps on it.
  • According to the company roadmap, Sharder will release two additional service modules called Sharder Matrix and Sharder Brain in the near future.
  • The network can be used to store a wide array of data including conventional files such as photos and documents as well as niche data such as biological information.
  • The Sharder Foundation is in charge of the Sharder protocol’s R&D.

Key Features

For starters, Sharder makes use of a loose network architecture that allows for single node failure as well as some occasional downtime. However, in such cases, the network remains robust, thus providing users with a high degree of reliability and overall usability.

Overview of the Sharder ecosystem

With the Sharder Protocol, all network data is encrypted and private. Data owners have full ownership of their information, and no third-party personnel lacking relevant authorization can gain access. Similarly, all contributions made within the system are quantified, observable, and based on measuring methods such as PoST (Proof of Storage and Time) and PoR (Proof of Replica).

Visual representation of the Sharder Protocol

Lastly, it is worth mentioning that data objects are allowed to remain in various states of operation at different nodes, but at the same time they possess the ability to converge and create a stable consistency within the network. Said objects are closely monitored and could be spontaneously recovered to some extent.

How it all works

The Sharder Protocol constructs a distributed storage network which provides customers with a cost-effective storage space solution. In addition, the protocol also serves as a reliable data storage medium as well as a transparent on-chain information unit.

A simplified representation of how the system works

All of the storage space, stored data and digital assets contained within this network come together to form a free market which is accessible to everyone. In the same vein, the Sharder Network is accessible not only to conventional storage resources, but also to global public chains such as Qtum and Ethereum; storage networks such as IPFS, Aliyun, and Baidu Cloud; and personal storage resources such as spare disks and cloud disks.

The Sharder protocol adopts a data sharding, multi-replica model wherein the security and availability of data is maximized. It helps connect users to various public chains and networks to form a highly complex ecosystem. Moreover, the protocol automatically initializes authorization of Sharder-PAIR and Sharder-UTXO to meet the requirements of audits and supervision of enterprises or regulators.

About the team

Ben Xiong is the CEO and CTO of this project. He possesses over 15 years of experience in the digital domain and has specialized in areas such as data programming and engineering. Ben holds a B.Eng. degree from Shanghai Jiaotong University. His other work credentials include:

  • Chief structural architect of Seachange
  • Chief Architect of Yiji Pay
  • Co-founder and CTO of Taogushen.com
  • Founder of Conch Chain

Jeffrey Zhu is the COO of this project. According to his professional bio, Jeffrey possesses eight years of experience in niche areas such as programming, finance, business operations and entrepreneurship. He holds a bachelor’s degree in computer science from Peking University and co-founded both Beiming and Chain Renaissance Capital.

Lastly, Rick Wang is the CMO of the company. In addition to holding six years of experience in marketing, channel development, and entrepreneurship, Rick served as the marketing director of Huangcheng Technology Co., Ltd. and as general manager of Zebra Environment Technology Co., Ltd.

Token Performance Details

Introduced into the market earlier this month, Sharder (SS) coins were initially valued at US$0.08 per token.

SS token lifetime performance chart (courtesy of CoinMarketCap)

While the currency has performed well, due to the newness of its associated product, it is still difficult to assess the true potential of this token.

As of May 9, the price of a single SS token stands at $0.099.

Final Thoughts

Sharder Protocol delivers its customers with a cross-chain distributed storage protocol that can potentially be deployed on various public chains, storage networks, personal nodes, etc.

Owing to its multifaceted nature, it would not be surprising to see this service continue to do well this year.

If you are interested in investing in Sharder, SS trading pairs are currently available on DDEX, IDEX, and OTCBTC.

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