ContractNet – At the Intersection of Blockchain, IOT & Smart Contracts

Bitcoin Press Release:  ContractNet is a new public, permissionless blockchain which its soul purpose has been built for the storage and sharing of IoT data streams. Providing its users with a platform to host their businesses, using blockchain, smart contracts and IoT technology.

February 28th, 2018. Hong Kong: In the current  technical spectrum, certain challenges have arisen such as scalability, speed and latency, coding errors, management, monetization options for all participants and creating the value for the underlying cryptocurrency. At the Consensus 2017 Blockchain conference in New York, a well known car company described a roadmap for developing a Blockchain-based autonomous vehicles.

The company’s spokesperson explained that to perfect this software, a trillion miles worth of data would be required for their machine learning algorithms. At that the car company had accumulated several million miles worth. If it were made possible to access similar data from competitors and to share this data, the target could be reached. This could benefit the industry as a whole.

Blockchain will solve the problems with ownership and integrity of data and credibility of vendors. Smart contracts can set up the conditions for sharing and payment. An internal currency can provide for the monetization of data. IoT devices can provide data streams to be shared. The IEEE (Institute of Electronics and Electrical Engineers) has defined a comprehensive list of standards that encompass the IoT.

The current marketing problem is attracting IoT device owners, developers, miners and adopters to the platform.

The ContractNet Solution

ConnectNet is about to redefine the way we tackle these issues, taking a number of different decentralized technologies, and combine them into a hybrid solution that addresses all the problem areas. Using separate storage from the blockchain.

The first solution is to separate the storage from the blockchain, and implement their own unique virtualchain, as an intermediary between that and the storage layer. The primary use of the ContractNet Blockchain is for transactions, execution of smart contracts and storage of access control data. With Data being structured into streams, individual sensors will provide each stream of data. Each stream will have a clearly identified owner.

ContractNet proposes to optimise IPFS (Interplanetary File System) technology for this storage. The data stream will be encrypted using a key generated from the virtualchain, being stored using the same stream ID committed to the blockchain.

Compared with storing data on the blockchain will work out to be 2,000 – 8,000 times cheaper and could eventually be cheaper than cloud storage. Benefiting the user indefinitely.

The ContractNet VirtualChain.

ContractNet proposes to use a variety of new technologies to address the underlying challenges in blockchain itself, and in smart contracts. The ContractNet blockchain is a fork from Ubiq and Ethereum. In its initial formulation, the ContractNet blockchain targeted a block-time of about 19 seconds. A capacity to process 6,000 transactions per block.

ContractNet using the Flux Difficulty Algorithm to prevent centralized attacks, dynamically adjusting the difficulty when there are rapid changes in the hasrate. At the same time, the flux algorithm also ensures more consistent block times during volatile/variable hash rates.

As smart contracts requires processing and exists over time, it is vulnerable to attacks and confidentiality and integrity issues. Use of the FSolidM technology will to a large extent remove these problems..

In addition to this, the ContractNet platform uses the native token CNET as the medium of exchange on the platform also allows for monetization options for participants. Miners are able to earn CNET in return for their computational power in the Proof-of-Work consensus mechanism underpinning the blockchain. While miners can earn additional CNET for providing storage capacity on their computers. IoT device owners will be able to sell their streams of data to developers or other users.

As Developers are given access to an open source, full optimized platform on which to develop and monetize their own Dapps. These Dapps provide physical input into the Blockchain.

About ContractNet

The ContractNet philosophy and reason for existence is to be the global exchange of IoT data, and the platform for some of the most exciting applications on the decentralized web. Providing a solution to many of the current problems associated with combining blockchain, smart contracts and IoT technologies.

Media Contact:
Name: Ravi
Location: Hong Kong
Email: support@contractnet.com

Visit the Website: https://contractnet.com/
Read the Whitepaper: https://contractnet.com/ContractNet.pdf
LinkedIn: Amie Lin | Darren Wong
Follow on Twitter: https://twitter.com/contractNetlabs
Subscribe on Facebook: https://www.facebook.com/ContractNet
GitHub: https://github.com/ContractNetLabs/go-ContractNet
Chat on Telegram: https://t.me/joinchat/H-NI0ETe2ac73ROtpIQ64Q
Medium: https://medium.com/@contractnetlabs

ContractNet 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 consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest

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CoinMetro Raises $4 Million USD Within 12 Hours of Token Sale Going Live

Bitcoin Press Release: Progressive blockchain startup CoinMetro raises $4 Million USD within the twelve hours of their Token Sale for XCM that began on 21st of February, 2018.

February 27th 2018, Hong Kong, Hong Kong – CoinMetro has managed to achieve what very few have; within twelve hours of the TGE (Token Generation Event) going live, CoinMetro and its vision was welcomed with open arms, raising $4 Million USD.

The CoinMetro Token Sale

Over 100 Million XCM have been sold already in one of the fastest moving TGEs, the Pre-Sale came extremely close to raising $10 Million at the end of their Pre-Sale period. Having reached the 100 Million mark, CoinMetro enters a new round of pricing and bonus offerings as detailed below:

100M XCM Sold – 8% TBPR 1 + lifetime CM discount 2 +0.01 price increase
150M XCM Sold – 11% TBPR 1 + 0.01 price increase
200M XCM Sold – 14% TBPR 1 + lifetime pre-pre-token sale invites +0.01 price increase
250M XCM Sold – 17% TBPR 1 + lifetime FXPIG discount 3 +0.01 price increase
300M XCM Sold – 20% TBPR 1

“TBPR” stands for “Token Buyback Program Reserve” -Further details available in the whitepaper here.

Token Sale Fund Allocation

After two hundred million XCM are sold during the sale event, all participants are granted lifetime discounts on a vast array of fees pegged to services on CoinMetro and FXPIG’s platforms. CoinMetro strives to make best use of the funds generated by the Pre-Sale and main Token sale events, contributions will be allocated as follows:

  • 40% Platform Development, HR
  • 30% Marketing
  • 20% War chest; possible buyouts, takeovers, acquisitions, etc.
  • 10% Legal, Compliance, Regulatory

This is a tight plan to deliver a strong presence in the crypto markets whilst maintaining a backbone to diversify and expand the CoinMetro brand as time goes on. The total XCM distribution (500 Million) is also a dedication to keeping the ecosystem and value of XCM thriving:

  • 50% through Token Sale
  • 20% Liquidity
  • 10% CoinMetro Team & Shareholders*
  • 7.5% Community Rewards
  • 2.5% Advisor Compensation
  • 10% Public Pre-Sale

Meeting the Demand

CoinMetro is boasting some of the most uniquely accessible and diverse features available on any cryptocurrency platform to date; they are designed solely with the purpose to provide users, traders and investors with traditional financial solutions.

A few brilliant examples of this would be CoinMetros true peer-to-peer crypto exchange through a time-locked smart contract feature called ‘Atomic Swapping’ – removing third party fees from two-party trades. As well as a crypto lending system granting passive income for investors and extremely low fees which stand at 0.10% (0.075% for all contributors due to the included lifetime discounts), with a view to being even lower.

Traditional financial solutions and services are a means to facilitating mass crypto-adoption, wherein traders and investors can use their crypto much like they do with their regular fiat currencies. The problem lies within the many niches and strands of blockchain technologies and their respective cryptocurrencies that cover only a small range of issues or offer very narrow utility. CoinMetro acts as a one-stop solution, to simplify crypto and move the market as well as its technologies onward toward transparency, decentralisation, and mass crypto-adoption.

CoinMetro evidently has captured the imagination of the crypto-world, there is rallying support for a platform of this kind to take the market to a higher place; accessibility, diverse functions and a successful TGE are the hallmarks for a bright Blockchain company’s future. The CoinMetro token sale is currently live and will end March 31st 2018, with 300 Million XCM available for the sale. All unsold tokens will be burnt to preserve the price of XCM, after the token sale. The current ICO price of XCM is $0.15.

Visit the CoinMetro Official Site – https://coinmetro.com/
Check out the Whitepaper – https://coinmetro.com/whitepaper/
Chat on Telegram – https://t.me/CoinMetro
Follow on Twitter – https://twitter.com/CoinMetro
Connect on LinkedIn – https://www.linkedin.com/company/coinmetro/
Like on Facebook – https://www.facebook.com/CoinMetro/
Read the Medium – https://medium.com/@coinmetro
Check out the SubReddit – https://www.reddit.com/r/CoinMetro/

Media Contact
Contact Name: Myles Claffey
Contact Email: Media@coinmetro.com

CoinMetro 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 consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest

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Get Ready to Be Surprised During the Additional Round of e-Chat ICO

Bitcoin Press Release: e-Chat is a promising startup that has already run a number of ICOs and managed to get love and appreciation from millions of user, followers, and investors from all over the world.

9th January 2018, Sheun Wan, Hong Kong – The additional round of ICO starts on January 8 and lasts until February 15, 2018! This is the first ICO run by the e-Chat team that provides the system of flexible discounts throughout the whole presale period.

Depending on the day of the coming ICO, ECHT tokens are sold with different discount, starting from the most favorable deals in the first days and ending up with a bigger price paid for 1 ECHT.

January 8-15, 1 ECHT costs $1.05 (30% discount).
January 16-21, 1 ECHT costs $1.125 (25% discount).
January 22-31, 1 ECHT costs $1.20 (20% discount).
February 1-8, 1 ECHT costs $1.275 (15% discount).
February 8-15, 1 ECHT costs $1.35 (10% discount).

The e-Chat team has prepared a big plan of activities for the coming ICO that will please both the users and the investors. One of the point of the plan is the coming redesign of the app. The e-Chat designers and software engineers worked hard to bring to life the enhanced functionality and intuit interface. To get to know how the e-Chat app will look like, click here.

Users are welcome to download the application on Google Play or App Store.

The e-Chat Team

The advising board of e-Chat startup has also been strengthened. Right now it is made up of 9 professionals who are skilled in various business fields and have extensive experience in nourishing Blockchain startups. Having nine board members among advisors is are not the final number as the e-Chat team keeps receiving new consultants joining the project.

Visit the eChat Website: https://investors.echat.io/
Visit the Investor Area: https://investors.echat.io
Connect on Telegram: https://t.me/ico_eChat
Follow on Twitter: https://twitter.com/e_Chat_ICO

Media Contact

Contact Address: 139 Wing Lok Street,Sheung Wan, Hong Kong
Contact Telephone: +8 (528) 009-06441
Contact eMail: marketing@echat.io

eChat 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 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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