Bitcoin Express: Know How Does Bitcoin Work and How to Use It like Money (KnowIt Express)

Ara Blocks

Ara Blocks is founded on the principle that today’s current content landscape is centralized and poorly managed by large corporations that don’t have the best interests of artists, creators, and consumers in mind. Ara claims its mission is to provide creators, businesses, and consumers with an alternative option through its technology and tools, and empower users to own their content and data.

Ara will also enable any device around the globe to become part of a global supercomputer, database, and delivery network through the Ara network. Users will be able to monetize their devices by allowing this supercomputer to utilize their unused processing, storage, and bandwidth capacities.

“Artists and creators are struggling to get paid for their work. Their livelihood and voice can be compromised at the whim of the platforms they publish on,” says Tony Mugavero, CEO of Littlstar and Co-Creator of Ara. “Right now, the audience is a draw, but third-party platforms have all the control. Ara puts control back into the hands of creators and their fans, enabling a more direct connection, and better way for fans to reward their favorite artists.”

Ara Blocks
 

Ara appears to be a hybrid of a decentralized global supercomputer solution, a decentralized content delivery network, and a content publishing and sharing platform all in one.

“Leveraging blockchain, distributed ledger technology, and cryptocurrency allows for an entirely new participatory system to exist,” continues Mugavero. “This system removes the need for ‘trusted’ third parties to track and maintain access and ownership, which have proven time and again to betray our trust. Today, our lives are so digital dependent that every industry in the world can leverage this technology in some way.”

Ara Blocks LLC is a subsidiary of Littlstar, a NYC-based company founded in 2014 that creates distribution solutions for media creators and consumers. According to Crunchbase,  Littlstar has raised $10.5M from an entertainment and media star-studded group of investors that includes Sony, A&E Networks, WWE, Warner Music Group, and The Tornante Group.

You can find more information on Ara on their site.


This article by Alex Moskov was previously published on Coincentral.com

About the Author:

Alex Moskov is the Editor-in-Chief of CoinCentral. Alex also advises blockchain startups, enterprise organizations, and ICOs on content strategy, marketing, and business development. He also regrets not buying more Bitcoin back in 2012, just like you.

The XYO Network, short for XY Oracle Network, is offering a people-powered location network built on the blockchain. In a nutshell, the XYO Network is a trustless cryptographic location network that enables layered location verification across many devices and protocols. The network utilizes a cryptocurrency called XYO to function.

XYO taps into the Ethereum blockchain to allow users to “call out” for specific queries that revolve around location requests.

 

The XYO Network is a project launched by a company called XY, which has been around since 2012 building location technology solutions for autonomous drones, self-driving vehicles, smart cities, and space exploration. The first product XY launched is XY Findables, a network of over 1 million people connected by Bluetooth and GPS devices. These devices are essentially little fobs that can be attached to frequently misplaced items such as keys, backpacks, dog collars, etc.

How Does XYO Network Work?

The XYO Network contains four primary pillars: Sentinels (The Data Gatherers), Bridges (The Data Relayers), Archivists (The Data Storers), and Diviners (The Answer Aggregators).

  1. Sentinels gather location information through radios, sensors, and other methods. These act as the location witness.
  2. Bridges take data from Sentinels and relay it over to Archivists. These act as location data transcribers.
  3. Archivists store the information for Diviners to analyze it.
  4. Diviners serve as oracles and analyze all the location heuristics to provide answers to queries and assign accuracy scores. Diviners then relay these answers back into a smart contract.

The XYO Network debuts an original Proof of Origin consensus algorithm combined with Transient Key Chaining to ensure that ledgers flowing into the network are valid while making it impossible to falsify the chain of origin for the data. The XYO Network stores the information on a public blockchain called the XYOMainChain.

Who Would Use the XYO Network?

Beyond the technical guts of the XYO Network lays a multitude of use cases that span several industries.

An example noted in the whitepaper is for eCommerce merchants who use XYO to offer a premium “payment upon delivery” service to its customers. The merchant would write a smart contract (on Ethereum’s platform), XYO would track the location of the package every step of the way until fulfillment, and only once it has arrived does the vendor gets paid.

The XYO Token Sale

XYO is only available for sale internationally due to a lack of clarity from U.S. regulators.

U.S. investors, however, can invest in XYO as an SEC Reg A+ Equity. This essentially allows U.S. investors to invest in the XY parent company, allowing them to hypothetically benefit on the upside of XY as well as the XYO Network.

Here’s the breakdown for U.S. investors.

  1. XY is a U.S. Delaware C-Corporation regulated by laws and standards overseen by the U.S. Securities & Exchange Commission.
  2. XY has 850,000,000 XYO Tokens (an estimated 3.5% of the token pool). Additionally, XY  operates the XYO Cryptoeconomic Reserve fund, which is allocated on a 1-to-1 basic for every XYO Token sold in the Public Sale
  3. XY has generated roughly $10 million in revenue to date.

Here are the SEC filings and documentation.

The public token sale has a tiered pricing structure that starts off at 1 ETH: 100,000 XYO and maxes out at 1 ETH: 33,333 XYO.

  • Smart contract platform: Ethereum
  • Contract Type: ERC20
  • Token: XYO
  • Token Name: XYO Network Utility Token
  • Total issuance: Finite and capped at the amount reached after the Token Main Sale
  • Projected XYO Token Cap: $48 Million
  • Unsold and Unallocated tokens: Burned after the token sale event

No further XYO tokens will be generated after the Main Sale ends.

XYO Network Chart

XYO currently trades on IDEX, DDEX, Bitmart, and a few smaller exchanges, and currently has a market cap around $12,692,705 USD.

Final Thoughts – “Sorta like GPS, minus the government monopoly”

The XYO Network offering falls in line with one of the most popular narratives of the blockchain and cryptocurrency revolution: the removal and replacement of a third party intermediary with a decentralized and more technologically advanced solution to empower and incentivize the end users. XYO aims to replace GPS as it is with a decentralized blockchain-based system.

For more information, check out the XYO Network whitepaper and XYO Network site.


This article by Alex Moskov was previously published on Coincentral.com

About the Author:

Alex Moskov is the Editor-in-Chief of CoinCentral. Alex also advises blockchain startups, enterprise organizations, and ICOs on content strategy, marketing, and business development. He also regrets not buying more Bitcoin back in 2012, just like you.

Bitcoin mining is a power-intensive process. However, mining gold apparently requires twenty times more energy in comparison. This is according to Long Hash. However, it is the bitcoin mining power consumption that has led environmentalists to spiral into moral panic.

The industry particularly drew significant attention from the masses after the bitcoin price explosion that occurred last year that sent mining hashrates soaring. The crypto mining fever that followed caused an exponential rise in processing-difficulty, subsequently pushing up power consumption and hardware requirements.

To arrive at the figures, Long Hash used two methods to estimate the current power consumption for bitcoin mining. Two approaches were used find an average figure, which was about 4,344 MWh.

Mining GoldAt this rate, bitcoin mining is estimated to cost about $4.3 billion annually. This is while taking into account average mining device efficiencies, with the Antminer S9 as the benchmark and older models being assumed to be working at about 25 percent less the average efficiency.

To come up with gold mining figures, the site looked at records from the Barrick Gold Corporation. It is the biggest gold mining corporation in the world. At an assumed rate of Barrick’s $794 cost/oz, it apparently costs about $70 billion a year to mine gold. There are also additional energy costs attributed to the gold refinery processes and the physical transportation of gold to clearing houses and brokerages.

That said, the cryptocurrency market is currently estimated to have a market capitalization cap of approximately $200 billion, whereas the gold market is valued at about $8 trillion.

Bitcoin Mining Not Likely to Lead to Increased Carbon Emissions

Critics and environmentalists have exclaimed in horror at the bitcoin mining carbon footprint, which paints a worrisome picture. However, according to Dr. Katrina M. Kelly-Pitou PhD, Manager of Strategy and Business Development for the Center for Energy, bitcoin mining consumes a lot of power, but it is not exorbitant.

For example, the banking sector consumes about 100 terawatts of power every year, whereas bitcoin mining uses only about 57.5 terawatts annually. She highlights that the development of more efficient technology and the move towards cheaper, renewable power sources will help suppress carbon emissions in the industry, even with skyrocketing energy requirements.

As things stand, bitcoin enthusiasts and mining farms are migrating to countries with cheap, renewable energy sources. Mining companies are also acquiring hydroelectric and thermal power stations for their operations to cut down costs. These factors, she argues, will ultimately reduce bitcoin mining’s carbon footprint.


This article was previously published on Coincentral.com

About the Author:

Elizabeth Gail is crypto-enthusiast and a blogger. Her specialties include cryptocurrency news and analysis. When not writing about crypto, she’s out taking part in humanitarian endeavors across the world. You can reach out and engage with her on Twitter and Google Plus.

  • How to start Bitcoin mining for beginners (SUPER EASY) – ULTIMATE GUIDE
  • HOW TO MINE BITCOIN? – Step by Step Tutorial – Bitcoin Mining Explained
  • Noob’s Guide To Bitcoin Mining – Super Easy & Simple
  • Bitcoin Mining Complete Guide & Tutorial (EASIEST METHOD Working 2018)
  • How to Easily Start Bitcoin Mining (For Beginners)
  • Mining 101 – Start Mining TODAY – Step by Step Guide to Mining Cryptocurrency with NiceHash
  • How to Mine Bitcoins Using Your Own Computer
  • How Mine Bitcoin at Home in 5 Steps
  • GPU Mining Rig Assembly Tutorial For Beginners!!! (Mining Made Simple)
  • Bitcoin Mining for Beginners A Step By Step Guide to Bitcoin Mining
«
»
Rating: 
Amazon Price: $6.99 $6.99 (as of October 26, 2018 6:05 am – Details). Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on the Amazon site at the time of purchase will apply to the purchase of this product.

Discover everything you need to know to cash in on the Bitcoin gold rush!

Bitcoin is becoming more and more popular and increasingly valuable – it gained over 1,000% in value last year! Some of the people taking advantage of this Bitcoin “gold rush” are making thousands of dollars in the process! Why can’t YOU be the next Bitcoin success story?

In this Bitcoin step-by-step guide, you’ll learn:

– How to Get Bitcoins

– The Benefits of Bitcoin Mining

– How to Successfully Create a Bitcoin Mining “Rig”

– Pros and Cons of Joining Bitcoin Mining Pools

– The Future of Bitcoin Learn step-by-step how to become successful with Bitcoin with this complete Bitcoin mining guide!

ON 50% OFF SALE FOR A LIMITED TIME! Make an investment in your financial future and grab your copy TODAY!

  • Bitcoin Express Know How Does Bitcoin Work and How to Use It like Money KnowIt Express
  • Bitcoin Express Know How Does Bitcoin Work and How to Use It like Money KnowIt Express
  • Bitcoin Express: Know How Does Bitcoin Work and How to Use It Like Money Free Audiobook
  • Bitcoin Express Node#1
  • Bitcoin Express Review – Good Bitcoin Opportunity or Not?
  • Bitcoin Information – Can I Still Make Money in Bitcoin?
  • Bitcoin Express Review – Is Bitcoin Express Scam Or Legit?
  • Bitcoin 2018 Prediction – How to Get Started in Cryptocurrency
  • Bitcoin Express Chauffeur
  • Bitcoin Predictions – How to Get Started in Cryptocurrency
«
»
Rating: 
Amazon Price: $6.97 $6.97 (as of October 26, 2018 6:05 am – Details). Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on the Amazon site at the time of purchase will apply to the purchase of this product.

Get on the EXPRESS for “Bitcoin” Know How Does Bitcoin Work and How to Use It like Money

You probably have seen it discussed in the news or around the internet. Heck, you may even have heard your techie friend babbling about at one point when you couldn’t care less…until now, with a changed heart and reconsidered mind.

Continue Reading…

Company Info

This website is a project by ZedBee Limited
NZ Companies registration nr. 5397562 (records)

Stephen Collie Enterprises

Menu

Contact

3/12 Cypress Street
Tauranga 3110, New Zealand

info@stephencollie.net

© 2018 Stephen Collie Enterprises