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Red Belly Blockchain Token

Token Economy Issue #4 Token Economy

Token Economy Issue #4 Token Economy

Keeping track of new developments in the distributed ledger technology space Vitalik has been on on Reddit this past week. First by going on the BTC community and expressing frustration about all the bad-mouthing of ETH, with this comment on a thread about Greg Maxwell saying ETH value is $0. And then saying what are in his opinion Ethereums biggest problems . If you are working on solving #7, I would love to chat The difference in culture and community between the Bitcoin and Ethereum communities is fascinating to watch. The types of people that are attracted to both, their reasons, the reaction to having a central leading figure; these are all things that influence the development of projects and where people and developers will gravitate towards. Scams are running rampant on both Slack communities and ICOs. One of the biggest growing pains of the crypto space is certainly professional scammers. We had those in the early internet days, and we have them now in the early crypto days. There are 2 main scam techniques at the moment you should pay attention to: This is the method used to scam people who want to participate in an ICO by creating a similar website / twitter account / slack community / whatever, and tricking people into contributing ETH/BTC into other accounts than the official one. Always triple check when participating in an ICO that you are on the official site and are sending to the official smart contract (etherscan has started verifying contracts and you usually can see it there). Scammers here use profiles and bots on Slack communities to link to phishing sites that resemble MyEtherWallet. These scams are working and theres plenty of comments from people who lost funds. BE CAREFUL. Ive asked on Twitter whats the easies way to be safe on MEW, and heres Continue reading >>

Setcoin (set) - Ico Rating And Details | Icobench

Setcoin (set) - Ico Rating And Details | Icobench

Share this ICO with friends and colleagues Inserviss Platform is a global service marketplace that connects service providers (barbers, nail and hair care specialists, massage specialists, dentists, doctors, nurses, lawyers, private tutors, teachers, personal trainers, etc) and customers online.Inserviss allows service providers to create profiles, publish their services, list their offers and prices, setup their working time for scheduling, manage orders by CRM, track their revenue, carry out promotions and loyalty campaigns, and get feedback from customers.For customers, it enables to find services near their location, research service providers profiles, book a job order or service, book their preferred, and make payments through the online platform.All payments between Service Providers and Customers are going to be made with the Setcoin cryptocurrency. Setcoin is a verified cryptocurrency powered by blockchain technology issued by Inserviss for payments between Service Providers and Customers listed in the platform. Continue reading >>

440,000 Transactions Per Second With Red Belly Blockchain

440,000 Transactions Per Second With Red Belly Blockchain

440,000 Transactions per Second With Red Belly Blockchain The University of Sydney has recently announced that it has developed a new Blockchain-based system that can perform more than 440,000 transactions per second. Researchers from the School of Information Technologies at the University of Sydney, who developed the new Blockchain, named this system after one of Australia's most deadly snakes Red Belly Blockchain, and claim that it has a game-changing potential for the financial transfers industry. Read the full article: Very high TX/seconds can be achieved easily but it introduces problems such as rapid blockchain bloat (the size of the blockchain grows rapidly to gigabytes or even terrabytes of data) or too short block times that can cause forks or very high block sizes which require tons of bandwidth excluding regular users to be full nodes. Even if each transaction would only be 100 bytes each (Bitcoin has about ~3 times bigger transaction sizes on average), each block would use ~42 MB of disk space. That's 42 MB per second. Even one hundredth of that would require a continous bandwidth of 429 KB/s. And it likely wouldn't be perfectly continuous at all so you would need massive speed spikes not to lag behind the network. And that amount of transaction surely requires a lot of CPU power to actually process. Known about this before it hit the mainstream news, was waiting for it to show up here. I was quite excited until I read "consortium of nodes"...then I put the paper down. Consortiums, Validators, Masternodes....meh....all the same trick. Reducing the decentralization and attack resistance to increase scalability. It's also targeted more towards private networks rather than public, so no good for us here. 400k TPS however is quite impressive even for such a sy Continue reading >>

Red Belly Blockchain Scales 660,000 Transactions/sec

Red Belly Blockchain Scales 660,000 Transactions/sec

Red Belly Blockchain Scales 660,000 Transactions/Sec Home / Blockchain /Red Belly Blockchain Scales 660,000 Transactions/Sec University of Sydneys Red Belly Blockchain Scales 660,000 Transactions/Sec; 11.5x of Visa, 94,000x of Bitcoin New trials in the University of Sydneys Red Belly Blockchain have discovered that it may process financial transactions 50 times quicker than initially thought, which makes it faster than Visa for global payments. Back in July, it was initially reported that researchers in the college had developed a new version of blockchain that may procedure 440,000 trades per second on 100 machines. This is in comparison to Visas system, which may process 56,000 trades per second. Bitcoin is limited to about seven per minute whereas the ethereum blockchain can process 20. These latest results in the university reveal that the techs performance improves because it climbs up, based on a statement in the university. Dr. Vincent Gramoli, who heads the Concurrent Systems Research Group creating the blockchain, stated: Our latest tests showed the Red Belly Blockchain can process more than 660,000 transactions per second on 300 machines in a single data centre. This is a notable improvement from our tests earlier in the year, which showed our blockchain achieved a performance of more than 440,000 transactions per second on 100 machines. The evaluation results were obtained from 14 distinct areas which range from Australia, Brazil, Canada, Germany, India, Japan, Singapore, South Korea, the U.K., along with the U.S. Ten machines participate in the testing of every region. Dr. Gramoli added that he does not know of another blockchain that may attain the very same results. Our results confirmed that our blockchain achieves better performance than existing techno Continue reading >>

Red Belly Process Transactions With Superb Speed | Ft Reporter

Red Belly Process Transactions With Superb Speed | Ft Reporter

Russia-based AFI Will Implement the Blockchain Fifty times faster than expected is the processing speed of financial transactions after the recent trials from University of Sydneys Red Belly Blockchain. The blockchain project makes it much quicker than the usual Visa payments used prior to the new system which is reported to process 440,000 transactions per second unit time with 100 machines according to researchers at the university back sometime in July. The new model as compared to the common Visa which processed only 56,000 transactions a second. Red Belly is obviously much faster, leaving the bitcoin at fourth place with the ability to process only 7 per second and ethereum blockchain that processes 20 per second. Latest results show the technologys performance tends to improve as time passes as Dr. Vincent Gramoli, head of the Concurrent System Research Group stated that their Red belly Blockchain is able to process 660,000 transactions per 300 machines within a second. This clearly shows the marked improvement from 440,000 per second earlier. The test results were collected from various locations that stretched across Australia to Canada leading all the way up to Japan, Brazil, Germany, India Korea and Singapore including UK and USA. In the testing run experiment total of ten machines were submitted in each area for proficient results. Dr. Gramoli further revealed that he does not know of any other blockchain that has been able to achieve the same results. He insists that the machines can even individually process more transactions and at a faster rate even if they are continents apart which make them much better than the ones used by the Visa Company. The problem of double spending is the main that one on digital currencies that can be prevented using the Red B Continue reading >>

Setcoin Ico Is Still On: The Cryptocurrency For Service Providers.

Setcoin Ico Is Still On: The Cryptocurrency For Service Providers.

Setcoin ICO is still on: The Cryptocurrency for Service Providers. The Setcoin Inserviss platform is a mobile and global service marketplace that bridges the gap between customers online and service providers like lawyers, nurses, doctors, teachers, and so on. This platform is creating a medium where service providers can join, create profiles, advertise their service offers, perform promotions and campaigns, create a schedule for working, track their earnings, manage their orders, and get reviewed by customers. On the hand, the platform allows customers discover services that are nearby, carry out a research on the service providers, schedule a service, and make payments after they have been satisfied with the services rendered. All these and more are done on the platform using an in-app utility token known as Setcoin. Being a blockchain-based platform, the Inserviss Platform uses an ERC-20 token known as Setcoin. With Setcoin, service providers and customers can make payments and other transactions on the platform. The Setcoin Blockchain utilizes the Red Belly Blockchain Consensus (RBBC) to make it 94,000 times faster than Bitcoin, and 11.5 times faster than visa. With the RBBC, the blockchain is able to process over 660,000 transactions in a second in comparison to Visas network that processes a maximum of 56,000 transactions in a second, and the Bitcoin network that can only process about 7 transactions in a second. Currently, the Setcoin network accepts payments in the form of cryptocurrencies like Bitcoin, Ethereum, and fiat currencies such as US Dollars and Euros. The sale period of the Setcoin is divided into two phases; the first phase being the pre-sale period where a total of 50 million Setcoins was supplied, while the second phase is the main sale which sta Continue reading >>

An Ethereum Token Called Fuck Raised $30,000 In 30 Minutes

An Ethereum Token Called Fuck Raised $30,000 In 30 Minutes

An Ethereum Token Called FUCK Raised $30,000 in 30 Minutes Ethereum, a cryptocurrency like bitcoin and a platform for apps, is in the middle of a full-on gold rush that critics worry is going too far, too fast . The ethereum system allows developers to sell a stake in their apps by issuing tokens to investors in crowdsales known as Initial Coin Offerings, or ICOs. Recently, apps that haven't even released a working product yet have managed to rake in millions of dollars in mere minutes. This has led critics to worry that it's only a matter of time before an ICO-funded app goes belly-up and burns its investors. On Thursday, the most brazen ICO yet launched and raised $30,000 USD in 30 minutes. The product? A token called FUCK. Read More: A Messaging App for Ethereum Just Raised $44 Million With Barely An Alpha Tokens are digital assets built on top of the ethereum blockchain that can be easily created using tools like Token Factory . Tokens do nothing on their own, but by next year FUCK wants users on social media to be tipping each other in FUCK tokens using a bot that the company says it will finish developing this summer (for now, the developers have a flashy website .) The proceeds from the ICO will be used to pay the bot developer, cover "operational costs," and pay fees to list FUCK on exchanges, according to the token's white paper . I emailed the FUCK token team and spoke over the phone with someone calling themselves "shwifteey." They declined to give their real name, saying that the FUCK token team is trying to remain anonymous because "when people search our names I don't want this to be the first thing that comes up." According to shwifteey, the ICO launch comes just a month and a half after they had the idea for FUCK, and the bot developer has been working Continue reading >>

Red Belly Blockchain University Of Sydney Super Fast Dlt Speed?

Red Belly Blockchain University Of Sydney Super Fast Dlt Speed?

Australias University of Sydney has been developing a technology called the Red Belly Blockchain. In test conducted this past month, Red Belly processed financial transactions 50% faster than first anticipated. The blockchain outperformed current leaders including VISA in terms of worldwide payment processing speeds. The trials were conducted on a global basis across multiple continents. The Red Belly Blockchain is being developed by researchers at the University of Sydneys School of Information Technologies. Researchers are organized into a group called the Concurrent Systems Research Group, led by Dr. Vincent Gramoli. Trials have been underway over the past three months, and the technology continues to improve as it scales up: Dr. Gramoli in a statement through the University of Sydney explained: Our latest tests showed the Red Belly Blockchain can process more than 660,000 transactions per second on 300 machines in a single data centre, This is a notable improvement from our tests earlier in the year, which showed our blockchain achieved a performance of more than 440,000 transactions per second on 100 machines. To put that number in perspective, Visas network which isnt based on blockchain technology has a peak capacity of approximately 56,000 transactions per second. Bitcoin is limited to around 7 transactions per second. Testing Took Place Worldwide Using Dozens of Machines The Red Belly Blockchains latest round of testing took place in 14 geographical regions, including Australia, Canada, the United States , UK, Germany, Brazil, Japan, India, South Korea, and Singapore. Testing was performed on 10 machines in each region. The tests were conducted to ensure the Red Belly Blockchain could operate across continents with no decrease in effectiveness: Our results con Continue reading >>

440,000 Transactions Per Second With Red Belly Blockchain

440,000 Transactions Per Second With Red Belly Blockchain

440,000 Transactions per Second With Red Belly Blockchain The University of Sydney has recently announced that it has developed a new Blockchain-based system that can perform more than 440,000 transactions per second. Researchers from the School of Information Technologies at the University of Sydney, who developed the new Blockchain, named this system after one of Australia's most deadly snakes Red Belly Blockchain, and claim that it has a game-changing potential for the financial transfers industry. Moreover, according to them, the Red Belly Blockchain allows for the exchange to occur in a peer-to-peer fashion, as well as in a commercial environment restricted to certain users, which makes it the first blockchain being built to work both in public and private contexts. According to a report , USYD academic Dr. Vincent Gramoli, who heads up the Concurrent Systems Research Group developing the blockchain, commented that in recent testing this blockchain achieved the best performance seen so far with more than 440,000 transactions per second on 100 machines. He said: "In comparison, Visa's network has a peak capacity of around 56,000 transactions per second and the Bitcoin network is limited to around seven transactions per second." "As opposed to consortium blockchains, it can treat hundreds of thousands of transactions per second coming from a potentially unbounded number of clients. It offers a performance that scales horizontally, which ensures the security of transactions." Right now, one of the major weaknesses of the Bitcoin Blockchain is its performance. Transactions in the Bitcoin Blockchain are overheated and perform too slowly. Users often have to pay larger fees to make their Bitcoin transactions on cryptocurrency exchanges faster. The solution offered by th Continue reading >>

University Of Sydneys Red Belly Blockchain Scales 660,000 Transactions/sec; 11.5x Of Visa, 94,000x Of Bitcoin

University Of Sydneys Red Belly Blockchain Scales 660,000 Transactions/sec; 11.5x Of Visa, 94,000x Of Bitcoin

University of Sydneys Red Belly Blockchain Scales 660,000 Transactions/Sec; 11.5x of Visa, 94,000x of Bitcoin Join our community of 10 000 traders on Hacked.com for just $39 per month. New trials from the University of Sydneys Red Belly Blockchain have found that it can process financial transactions 50 times faster than originally thought, making it quicker than Visa for worldwide payments. Back in July, it was initially reported that researchers at the university had developed a new model of blockchain that could process 440,000 transactions per second on 100 machines. This is compared to Visas network, which can process 56,000 transactions per second. Bitcoin is limited to around seven per second whereas the ethereum blockchain can process 20. These latest results from the university show that the technologys performance improves as it scales up, according to an announcement from the university. Dr. Vincent Gramoli, who heads the Concurrent Systems Research Group developing the blockchain, said: Our latest tests showed the Red Belly Blockchain can process more than 660,000 transactions per second on 300 machines in a single data centre. This is a notable improvement from our tests earlier in the year, which showed our blockchain achieved a performance of more than 440,000 transactions per second on 100 machines. The test results were taken from 14 different locations ranging from Australia, Brazil, Canada, Germany, India, Japan, Singapore, South Korea, the U.K., and the U.S. Ten machines took part in the testing of each area. Dr. Gramoli added that he doesnt know of any other blockchain that can achieve these same results. Our results confirmed that our blockchain achieves better performance than existing technologies used by financial institutions including Visa ev Continue reading >>

Red Belly Blockchain Can Outdo Visa And Mastercard In Terms Tps

Red Belly Blockchain Can Outdo Visa And Mastercard In Terms Tps

Red Belly Blockchain Can Outdo VISA and MasterCard in Terms TPS Red Belly Blockchain Can Outdo VISA and MasterCard in Terms TPS Bitcoin hasnt been able to make it as a mainstream payment method so far due to slow transaction speeds. The time taken to process transactions on Bitcoin blockchain at the moment takes anywhere between 15 minutes to few hours on a good day. At times when the cryptocurrency network is backlogged, it could take almost a day for transaction confirmation. Researchers at the University of Sydney (USYD) may have come up with a solution that can solve these issues. According to reports, the Red Belly Blockchain, a new distributed ledger technology developed by the USYDs School of Information Technology can drastically speed up cryptocurrency transactions. The new blockchain named after one of Australias most deadly snakes is capable of supporting transaction rates far higher than that of conventional payment processors. The Red Belly Blockchain is capable of handling almost eight times the volume of transactions processed by Visa network. Dr. Vincent Gramoli heads the development of this disruptive blockchain technology as a part of the Concurrent Systems Research Group. Dr. Gramoli was quoted by a publication saying, In recent testing, our blockchain achieved the best performance we have seen so far with more than 440,000 transactions per second on 100 machines. In comparison, Visas network has a peak capacity of around 56,000 transactions per second and the Bitcoin network is limited to around seven transactions per second. The Red Belly Blockchain is expected to solve the scalability and forking issues currently faced by various cryptocurrency platforms. Capable of working in both public and private setups, the breakthrough blockchain technology Continue reading >>

Setcoin Is A Verified Cryptocurrency From Inserviss, Powered By Blockchain

Setcoin Is A Verified Cryptocurrency From Inserviss, Powered By Blockchain

Home / Press Releases / Setcoin is a Verified Cryptocurrency from Inserviss, Powered by Blockchain Setcoin is a Verified Cryptocurrency from Inserviss, Powered by Blockchain 20/01/2018 Press Releases Comments Off on Setcoin is a Verified Cryptocurrency from Inserviss, Powered by Blockchain523 Views Inserviss Platform ( ) is a global service marketplace that connects service providers (barbers, nail and hair care specialists, massage specialists, dentists, doctors, nurses, lawyers, private tutors, teachers, personal trainers, etc) and customers online. Inserviss allows service providers to create profiles, publish their services, list their offers and prices, setup their working time for scheduling, manage orders by CRM, track their revenue, carry out promotions and loyalty campaigns, and get feedback from customers. For customers, it enables to find services near their location, research service providers profiles, book a job order or service, book their preferred, and make payments through the online platform. All payments between Service Providers and Customers are going to be made with the Setcoin cryptocurrency. Setcoin is a verified cryptocurrency powered by blockchain technology issued by Inserviss for payments between Service Providers and Customers listed in the platform. Inserviss is announcing the addition of a new and highly experienced advisor to their team. David Drake, Chairman at LDJ Capital [ ], will provide counsel on critical issues including investor relations and international business development. With an upcoming Setcoin pre-sale ongoing and sale commencing on 1 February 2018, David will provide counsel on critical issues such as partnerships and business development, marketing, and investor relations. Setcoin already has a Global Advisory Board w Continue reading >>

Red Belly Blockchain Affiche 440.000 Transactions Par Seconde

Red Belly Blockchain Affiche 440.000 Transactions Par Seconde

Red Belly Blockchain affiche 440.000 transactions par seconde Les chercheurs de l'Universit australienne de Sydney (Australias University of Sydney - USYD) dveloppent actuellement un nouveau modle de blockchain, qui peut, selon leurs paramtres, traiter 440.000 transactions par seconde sur 10 machines. Bronzechain: New hallmark for bronze with blockchain technology unveiled Les participants au projet pensent que le nouveau systme pourrait rvolutionner l'conomie mondiale. La nouvelle technologie blockchain s'appelle le serpent du pays ocanien (Oceanian countrys snake) et est dveloppe par l'cole des technologies de l'information de l'universit. Selon les chercheurs, la nouvelle technologie permettrait une procession presque instantane de transactions de crypto-monnaies en plus d'tre scurises (1). Par rapport au rseau Visa, qui peut traiter environ 56.000 transactions par seconde, les membres du projet " Red Belly Blockchain ; affirment que leur systme a la meilleure performance. En comparaison le rseau bitcoin, qui a galement des limites quant l'offre (21 millions), peut grer sept oprations par seconde. La blockchain Ethereum est limite 20 transactions par seconde. PayPal, le leader dans les paiements par Internet (fiat currency) traite 450 paiements par seconde. Continue reading >>

These Digital Tokens Are Making Bitcoin's Huge Rally Look Tame

These Digital Tokens Are Making Bitcoin's Huge Rally Look Tame

Forget U.S. stocks and emerging-market assets, even ignore bitcoin. Those brave enough to invest in the Wild West of tech are the ones making a killing. While the record-breaking rally in bitcoin has captivated markets, demand for other digital coins is surging as companies raise millions in minutes, or even seconds, from investors wanting in on the next big tech startup. Last week it took 30 seconds for Mozilla co-founder Brendan Eich to issue about $35 million of basic attention token, the unit of exchange in a blockchain-based advertising platform built on top of the companys Brave browser. Digital tokens tied to the blockchain platform issued this year have more than doubled in price on average since trading started, according to data compiled by Bloomberg. Tech startups are increasingly selling coins that can be used on their projects instead of resorting to traditional financing methods such as venture capital. The sector isnt for the fainthearted. The apps and websites behind most of these tokens are still only in development stage. Most are sold for pennies on the dollar and volatility can be extreme. TaaS, a closed-end fund dedicated to blockchain markets, had the coins it sold this year double in price in five weeks, and then fall 35 percent in two days. But if you can stomach the risk, the rewards have been substantial. Coins from the 15 ICOs this year for which data is available have risen by an average of over 100 percent, while shares sold in initial public offerings in the U.S. this year have gained 13 percent on average since they started trading. Theres been overwhelming demand for coins,said Ron Quaranta, chairman of the Wall Street Blockchain Alliance. Sure, a lot of it is based on speculation and traders looking to make a quick gain, but theres also Continue reading >>

Red Belly Blockchain The Fastest Blockchain In The World

Red Belly Blockchain The Fastest Blockchain In The World

A Sydney based team has been working on what appears to be a game changer in the blockchain technology space, especially when it comes to secure transactions for banking and international money transfers. While not currently in an ICO phase, were going to follow this team and their work because it could be ground breaking if it enters the public market space. The latest tests conducted by the team, showed that their Red Belly BlockChain is able to process financial transactions 50% faster than originally envisioned, completely shadowing other blockchain technologies and smashing traditional market leaders such as VISA when transacting money internationally. People familiar with XRP and Ripple will know how exciting this space is, and following successful tests by various international banking interests, it solidifies the notion that blockchain will become the backbone of the future of banking. Dr Vincent Gramoli, leader of the Concurrent Systems Research Group developing the blockchain, has noted that during pre-production runs and trials of their blockchain the speed at which they can conduct transactions increases as they scale. The latest tests showed the Red Belly Blockchain can process more than 660,000 transactions per second on 300 machines in a single data centre, Gramoli says. This is a notable improvement from tests earlier in the year which showed our blockchain achieved a performance of more than 440,000 transactions per second on 100 machines. Red Belly Blockchain differs from other competing technologies as it does not use traditional proof of work mining, nor supports forking from the original block chain for a number of reasons; including dramatically increasing speed, network consistency and overall protection from potential of compromise and corruptio Continue reading >>

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