Blockchain

TRON’s First Oracle System is Launching Its TRC20 Token BRG – IEO on Sept 15th

Bridge Oracle’s BW IEO launches in five days on September 15th, which introduces the TRON network’s first Oracle System as the solution to mainstream adoption via blockchain smart contracts. 10th September 2020, Kuala Lumpur, Malaysia – Very shortly, Bridge.Oracle will become the TRON protocol’s very first Oracle system, which will move the industry closer still

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Published

6 months ago

September 10, 2020

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Bridge Oracle’s BW IEO launches in five days on September 15th, which introduces the TRON network’s first Oracle System as the solution to mainstream adoption via blockchain smart contracts.

10th September 2020, Kuala Lumpur, Malaysia – Very shortly, Bridge.Oracle will become the TRON protocol’s very first Oracle system, which will move the industry closer still to the industry’s final goal of decentralizing the Web.

Solving the Authentic Data Problem

In the early years following Bitcoin’s rise as a cryptographically secure and decentralized form of money, developers and economists turned their attention to the programmability aspect of digital currency.

The idea of using ‘smart contracts’ to do this, most notably by Ethereum, sought to use code to regulate the social interactions that individuals and organizations — employer and employee, and issuer and receiver, for example — conducted among themselves in the same decentralized manner that blockchain ideals promoted. Trust shifted from people, authorities and organizations, to code, with participants coordinating among themselves.

However, if information sent to smart contracts must be provided by the network itself, the challenge is to apply this to real world scenarios. This is because the information governing smart contracts are controlled by entities who conduct this flow of information from real-world sources to the smart contracts. These are traditionally singular or centralized authorities, whose data can still be easily tampered with. The solution? Oracles that can reconcile this data source with the decentralized and trustless proposition of a smart contract platform like TRON.

Bridge Oracle’s Role in A Shift to Decentralization

For Bridge Oracle, smart contract networks need to be fed objective and accurate data, serving up opportunities for enterprises and even governments to offer Oracle verification services and hyper secure and decentralized oracle networks to regulate information.

The end result? Trustless smart contracts that establish, govern and execute agreements based on “perfect” data conditions.

Ready for the Real World

Bridge’s Oracle is built for the real world. It is the first ever dedicated public oracle technology on TRON network which is developed to provide the ability of accessing external data for ordinary users’ smart contracts.

There are many real-world demands that are ready to use these smart contract solutions but are not, simply because there is no Oracle solution. Smart contracts would be able to replace, among many other examples:

1) Payment upon service delivery. For example, if paying a promoter to show content to a fixed number of viewers, the contract can determine accurate data that proves the content has received the required number of legitimate views, then pay out the agreed sum to the promoter. This solves disputes in where marketers have to trust that service buyers will pay out, and service buyers have to trust marketers to deliver legitimate views.

2) Insurance claims. Using oracles to access IoT data feeds, for example, from a fire tracking system in a building, accurate data on fire and damage can be injected into a smart contract to precisely calculate and pay out compensation to the policy holder.

3) Shipping and tracking. In the age of online shopping, consumer use of shipping and tracking services has become increasingly demanding. Traditional services suffer from shortcoming such as delayed data, wrong data and missed payments. A smart contract that is fed Oracle-verified data can accurately keep track of delivery, releasing payments to merchants and deliverers.

The Bridge IEO: Backed by Industry Proponents

Bridge Oracle is led by CEO Hakan Estavi, an early investor in blockchain technology. Its key development team includes Keyvan Abedi, a pioneer of DAO, dApp, smart contract and Solidity.

It has already received the backing of institutional investors, and has successfully fundraised through a fully-subscribed private sale. It has attracted the interests of key blockchain advocates in the space, with the likes of Bitcoin.com CEO Mate Tokay, Media heavyweight Sydney Ifergan, TRON stalwart and beta tester extraordinaire Mike McCarthy backing the company as Advisors. This gives the project the very best technical guidance in terms of smart contract feasibility and blockchain advocacy.

To ensure wider access to the masses, Bridge Oracle has decided to open a limited IEO for the Bridge token (BRG) on September 15th, 2020 on the BW.com platform, with confirmed listings on BW.com, Digifinex and Justswap. Additionally, BRG is listed on Klever, TronWallet, and TronLink wallets.

Save the date, 15th September, to take part in the Bridge Oracle IEO and claim your share of the future of smart contracting in the real world.

Learn more about Bridge Oracle advanced DeFi protocol: https://bridge.link/

Read the technical whitepaper at: https://bridge.link/Bridge_White_Paper.pdf

Join the official Bridge Oracle Telegram channel: https://t.me/bridge_oracle

Follow on Twitter – https://twitter.com/bridge_oracle

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Source: https://btcmanager.com/trons-first-oracle-system-is-launching-its-trc20-token-brg-ieo-on-sept-15th/

Blockchain

Bitcoin price is going to ‘infinity’ — Kraken CEO

Published

3 hours ago

March 4, 2021

Republished by Plato

Bitcoin (BTC) will be worth “infinity” and humanity will soon give up pricing it in U.S. dollars, says the CEO of cryptocurrency exchange Kraken.

Speaking to Bloomberg on March 4, Jesse Powell was characteristically bullish on Bitcoin as BTC/USD broke above $50,000.

Powell: $1 million Bitcoin in ten years “reasonable”

“Of course, you know, we can only speculate, but when we measure it in terms of dollars, you have to think it’s going to infinity,” he told Bloomberg TV about future price trajectory.

“This national currency’s only fifty years old, it’s already showing extreme signs of weakness, and pretty soon I think people are going to start measuring the price of things in Bitcoin.”

Powell was commenting as the USD weakened alongside a macro market sell-off on Wednesday, an event which had next to no impact on Bitcoin. At the same time, the U.S. national debt quietly passed $28 trillion for the first time in history.

Despite a rejection of $50,000 support, Bitcoin bulls thus remained more than optimistic.

“The people that are believers in Bitcoin see… it’s going to replace all of the world’s currency, so that basically means whatever the market cap of the dollar is, the euro — all of that combined is what Bitcoin could be worth,” Powell continued.

“I think in the near term, people see it surpassing gold as a store of value, so I think $1 million as a price target within the next ten years is pretty reasonable.”

As Cointelegraph noted, Bitcoin closed February 26% above its target dictated by the stock-to-flow-based price models, with creator PlanB still confident that $100,000 will hit at some time this year.

*Bitcoin stock-to-flow chart as of Mar. 3, 2021. Source: Digitalik*

No time for gold

Meanwhile, the gold ecplise argument has been steadily gaining support on social media in particular, often at the expense of gold bugs, who are left with increasingly little ammunition to defend their anti-Bitcoin stance.

As Cointelegraph reported, it was billionaire and former Bitcoin skeptic Mark Cuban who this week took SchiffGold.com CEO Peter Schiff to task over his love of the precious metal. Gold, he told Schiff, “is dead.”

“Bitcoin has been crushing gold since inception,” Kraken growth lead Dan Held added in response to claims by Schiff that a bet against gold was a losing one.

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Source: https://cointelegraph.com/news/bitcoin-price-is-going-to-infinity-kraken-ceo

Blockchain

Giottus technologies offers access to Bitfinex liquidity

Published

3 hours ago

March 4, 2021

Republished by Plato

Giottus Technologies (Giottus), a cryptocurrency exchange, today announced that it will provide access to liquidity on Bitfinex, providing its customers with some of the deepest crypto-to-crypto liquidity in the industry.

Giottus is also introducing the most competitive fee structure in India for its customers.

“Giottus customers can now enjoy high liquidity across BTC/USDT, ETH/USDT, XRP/USDT, TRX/USDT, ETH/BTC, and many more. Through the strategic agreement with Bitfinex, we have further strengthened our compliance policies and procedures, both on and off-chain,” said Vikram Subburaj, Co-Founder & CEO at Giottus.

“The commitment to our customers comes first, which is why we have introduced the most competitive fees in India, 0% Maker & 0.075% Taker. Traditionally, the largest global exchanges charge these low fees only to customers trading USD 3Bn+ monthly. Giottus customers can enjoy these fee levels irrespective of their monthly trade volumes,” added Arjun Vijay, Co-Founder & COO at Giottus.

Benefits of this new strategic agreement include,

Some of the deepest crypto to crypto liquidity in the industry
The most competitive fees in India – 0% (Maker) & 0.075% (Taker)
Enhanced on & off-chain compliance and controls

About Giottus

Giottus is changing the way Indian users trade their digital assets by building a platform that is customer-centric along with top-tier customer support on par with the world’s best international exchanges. Preferred by beginners and veterans alike, Giottus offers products and solutions that cater to users of all segments.

Key product features include,

Trading in 100+ crypto pairs
One-Click INR Deposit and Buy
24×7 Banking Support
Multilingual Customer Support (English, Hindi, Tamil & Telugu)
Superfast KYC processing

In the past month, Giottus has launched the trade of 30+ new INR-crypto pairs along with an improved compliance mechanism and upgraded tech-stack to support its growing Indian consumer base.

Giottus is highly rated and loved in India with a greater than 4.8 on 5 average ratings among reviews on Google, Facebook, and Trustscore.

Contact

Srivathsan A R, Chief Marketing Officer, Giottus @ [email protected]

For more details, visit their website or contact them on Telegram

Disclaimer: This is a paid post and should not be taken as news/advice

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Source: https://ambcrypto.com/giottus-technologies-offers-access-to-bitfinex-liquidity

Blockchain

Coinbase CEO tops China’s Hurun list of blockchain billionaires

Published

4 hours ago

March 4, 2021

Republished by Plato

The CEO of the United States’ largest cryptocurrency exchange, Coinbase, has topped the list of global industry billionaires by China’s Hurun Research Institute.

Issued on March 2, the latest Hurun report provides a brief overview of the world’s richest, stating that the number of global billionaires has surged nearly 50% to hit over 3,000 people over the past five years. The report includes 17 “blockchain billionaires,” or industry entrepreneurs who made their fortune “mainly from cryptocurrency” as of January 2021.

According to the report, Coinbase CEO Brian Armstrong is the world’s biggest crypto billionaire, with his net worth surging ten-fold from $1 billion last year.

According to Hurun’s data, Armstrong now has an estimated wealth of $11.5 billion ahead of Coinbase’s imminent initial public offering. The company officially announced its IPO plans in December 2020 in a draft filing with the United States Securities and Exchange Commission.

Sam Bankman-Fried, founder and CEO of Alameda Research and FTX exchange, is ranked the second-richest blockchain billionaire, with a net worth evaluated at $10 billion. The executive is a new entrant in the Hurun list, following the massive growth of FTX in 2020.

Changpeng Zhao, CEO of the world’s largest crypto exchange Binance, is ranked the third, with total wealth estimated at $8 billion, up more than 200% from last year. In 2020, Zhao was featured as the richest crypto billionaire in the Hurun list, overtaking Bitmain’s co-founder Micree Zhan Ketuan.

The Hurun’s new blockchain billionaires list includes a number of major industry players like Ripple co-founders Chris Larsen, Stellar co-founder Jed McCaleb, Digital Currency Group CEO Barry Silbert, the Winklevoss brothers, MicroStrategy CEO Michael Saylor, and others. The list features a total of 11 new entrants in the list including major industry investor Tim Draper and Galaxy Digital founder and CEO Michael Novogratz.