WhileDAI is a stablecointhat tracks the value of the USD, Maker has a variablevalue. It was created to supportDAI in a number of ways.
First the MKRtoken enables governance of the wholesystem, giving its holders voting rights on proposals.
Second, while CDPs are expected to remainover collateralize, ifmistakes or unforeseen events occur that cause a CDPto fail, new MKR tokens will be created covering thelosses so that holders of DAI canhave confidence in the value of theirtoken.
Smart contracts are poised torevolutionize manyindustries by replacing the need for both traditional legalagreements and centrally automated digitalagreements.
But smart contractscan't access real world data such asdata feeds, APIs or bankingsystems due to blockchain's consensus technologies.
The way this problem istraditionally solved is through the use of blockchainmiddleware called an oracle.
Oracle's are defined as an agent that finds andverifies real world data andsubmits this information to a blockchain to be used insmart contracts.
But existingOracles are centralizedservices. Any smart contract using such a servicehas a single point offailure, making it no more secure than a traditionalcentrally run digital agreement.
Manycentralized oracles rely on [inaudible]or manual human input,slowing down the process and bringing in biglevels of trust.
Chainlink is a secure, cutting edge oracle middlewarenetwork that is fully decentralizedby being based on blockchain technology.
It allows smart contracts to accesskey offchain resources like datafeeds, APIs, traditional bank accountpayments, e-signatures, market data, weatherdata, sports scores, commodities trading, healthclaim data and anything else you canconceive of by chainlinkingmultiple data inputs to help eliminate any one point offailure.
The Chainlinknetwork provides reliable tamper proof inputs andoutputs for smart contracts on any blockchain.
By providing smartcontracts secure access to key data resources, Chainlinkallows other parties and actors to mimicreal world agreements that require externalproof of performance and various paymentmethods.
Really without Chainlink,smart contract platforms can't expand toofar beyond tokenization and theoccasional enclosed game.
Chainlink is thefirst technology that will be able to connect enterpriseblockchains, real world data and legacybankingsolving the oracle problem.
It can all be assimple or as complex as thesmart contract creator wishes.
Chainlink can help somany industries. For examplesecurities needing market data. Or insurancecompanies and supply chain companies that both needevidence of events and timestamps.
Remember high value contractsin the finance world would require a decentralizedoracle as it puts all the risk on the oraclerather than the smart contract creator.
The smart contractcreator doesn't risk losing money. The nodeoperators do.
These high valuecontracts don't like single points offailure.
Decentralization will give them confidence andefficiency.
The Chainlinkecosystem works on collateraland compensation using the LINKtoken.
This token doesn't represent equity in or anyownership of the company. Itrepresents a certain amount of usage of the Chainlinknetwork.
Node operators deliver thedata, APIproviders supply the data and smart contractowners need the data.
Soactors run a Chainlink node to stakeLINK as node operators. Two, smartcontract creators compensate nodeoperators in LINK.Three, API providers are compensated bynode operators based on the custom agreement and filters.
But if the API ispublic, no compensation here will beneeded.
30% of the LINKtoken supply has been held back to fund futher upgrades anddevelopment. 35% of the LINK token supplywill be going to node operators to helpkickstart the ecosystem.
Inthe future, if smart contracts usingChainlink take over just a few percent of the derivativesmarket or the API market, this cryptoasset will be a massive disruptor.
Chainlink has many outstanding partnerships andhas worked closely with SWIFTin development who have access to banking APIsand provide a messaging standard for more than 11,000 banksworldwide.
Zeplin OS is anoperating system for smartcontract applications.
Factom is a system for securing millions of[inaudible] records usingblockchain.
Accord and OpenLaware related to legal agreements with smartlegal contracts. And each themselves have big partnerships.
Chainlink is a professionalproject without the usual crypto hype andnoise. And there is a hive of activity on theirGithub.
It is rumored that mainnet iscoming soon and in the current testnetmany Chainlinks are live connecting with flight statusinformation, package deliverydata from Fedex, UPS, DHL.And market data from different crypto priceoracles.
The CEO has been doing moretalks recently too. And their communication has been slowlyramping up.
Chainlink is one of thevery few crypto assets that can really helprevolutionize and streamline so manyindustries.
ICOs haveraised more than $4 Billion worth of early stagecapital, massively disrupting traditionalfinance. But while token fundraising is a boomingtrend, the global securities market has yet to participate.
Stocks, bonds,venture capital, private equity and virtuallyevery category of traditional finance function better on the blockchain.
Equity, LP shares and share unitswill become programmable tokens that are moreaccessible, liquid and secure than traditional forms ofasset ownership.
But no platform existstoday that bridges the cap between financial securitiesand the blockchain.
Today business lookingto join the crypto-revolution by launching their owntoken have nowhere to go.
Polymath envisions afuture where tokenholders replace shareholdersin the global economy and every business in theworld has immediate access to trillions of dollars ofcrypto-capital.
Powered by its nativetoken Poly, Polymath is ushering in a newera of security token offerings or STOs.
STOs will soon dominate ICOsas financial products of all sorts upgrade to tokens.
To facilitate thismega trend, Polymath is building the world'sfirst decentralized protocol that empowers corporationsto launch their own security token by simplifyingthe technical and legal challenges of a compliant tokenlaunch.
With KYC aware token technology,Polymath ensure only authorizedinvestors can participate in thenetwork.
By powering the next generation of regulatorytokens, Polymath aims to be the catalyst to launchthe multi trillion dollar security token revolution.
Bob is adesigner. Today he's building a website forAlice. When it's done he sendsAlice the invoice but there is just oneproblem. Alice isn't happy. It's not howshe wanted the site to look and now Alice won't pay which makesBob unhappy. So now everyone is unhappy.
It didn't have to be this way. If Bob and Alice hadjust used Kleros this could all have been settled.Kleros is a blockchain dispute resolution layerthat provides fast, secure and affordable arbitrationfor virtually everything.
At the start of theproject Alice's funds are locked into a smartcontract. If Alice is happy with the job, Bob receives payment.If there is a dispute, Klerosuses crowdsourced jurors to consider the evidence and settle thedispute.
Jurors analyze the evidence andconsider both sides of the story. On this occasion they sidewith Alice and vote her to be thewinner. Their decision is automatically enforced and thearbitration fees are collected. All performed on theblockchain.
Freelancing, crowdfunding,curated lists, gaming, e-commerce,insurance, oracles, escrow, the possibilities areendless.
Life isn't always fair butKleros is.
Kleros thedispute resolution layer for virtuallyeverything.
Open protocol for digital advertising
Online advertisements areessential to providing a freeinternet. Unfortunately the user is often bombarded by ads,leading many to use ad blockers.
This is detrimental to the internet. But what if therewas a way you could clean up digital advertisingwhile making the internet a better place?
With adChain, you can. The adChainregistry is the first token curated registry poweredby the blockchain to provide a list of the bestad supported sites.
Websitesuse ad token to apply to theregistry. If a member thinks the website isbad, they can sue their ad token to challenge the application.The ad token community then votes tosupport or oppose.
If the majoritysupports the application, the website getsadmitted. And the challenger forfeits theirad token which is paid out to voters on the winningside.
In the end the community creates alist of the best ad supported websites and members canearn ad token in the process.
Welcome to the world ofcrypto where the global friction free power ofblockchain has given software projects the ability to fund their developmentby selling tokens.
This year alone token saleshave raised over $1B USDand this number is growing rapidly. But how do youbuy and collect and trade tokens?
Welcome to Airswap, the simplest way to trade.
Built on the Ethereum blockchain and with the Swap protocol,Airswap gives you privacy, security andchoice on a global peer to peer tradingnetwork with no intermediaries and no trading fees.
Airswapmakes it easy to both buy and sell tokens.You can browse tokens and connect directly with others totrade. When ready to trade, Airswap gives you pricesuggestions that you can use during negotiation.
Once the price isagreed, your trade is settled on the Ethereumblockchain quickly, securely and privately.
Airswapgives you the power to trade on a global, decentralizedtrading platform.
So what can be built onAirswap?
Developers can develop their own storefront,selling tokens to buyers from around the world. Run their ownauctions, picking the best price out of a number ofbidders. And create marketplaces, allowing groups of people totrade peer to peer.
Airswap is a global token tradingecosystem, decentralized, borderless andfriction-free.
Your key to joining the Airswap ecosystemis the Airswap membership token.
So join us and be a part of the decentralized futureat Airswap.io
Inthe natural world bees are the originalbounty hunters, gathering nectar from far and widefor themselves and their hive to thriveon.
As humans we use bounties every time we complete a task andget something in exchange. A bounty is a reward or a prizegiven for any completed task. So bounties are at the verycore of how the world already works.
Becauseit's built on the Ethereum blockchain, the Bounties Network is changing the waywe collaboratein a world full of incentives. All it takes is acomputerand internet connection to access our buzzing, decentralizedmarketplace of meaningful projects and talent fromaround the world.
With just three easy steps,creating and collaborating on the Bounties Network isso simple you should probably start using it today.
Bounties are issuedfor tasks and projects featuring a clear description, fullsubmission criteria and clear deadline. The reward for each bounty isclearly marked and fully staked inEth, ERC20 or any token on Ethereum right from thestart.
Oncecreated the bounties are open to anyone so they can be fulfilledfrom anywhere in the world.
Remember all you need is yourself,a computer and aninternet connection.
Submissions arereviewed and the best work gets accepted. Thereward is then automatically released so allthat waiting to get paid is no longer a problem.
Dueto their open yet secure format, bounties can be used asthe framework of choice for a wide range ofapplications.
The Bounties Networkis buzzing with possibility. So join our community andstart running your world on bounties.[silence]
The browsers oftoday are broken.They have been overtaken by a barrageof sneaking and annoying ads. Trackers thatfollow your habits and cookies that build profiles and allother sorts of internet clutter that is taking precidenceover the content that you want to see.
In fact theseuseless bytes can take up to a whopping 50%of page load times with a third of it anxiously trying tolearn more about you.
To makematters worse, some ad blockersare even letting ads through when large advertisers pay them.
But do you really want a leaky ad blocker?
It's because of these very reasons that wedeveloped Brave. A new browser that kicks internetcrud to the curb and makes it faster, saferand better to surf the web than your currentbrowser.
With Brave, everything you need is built rightin.
We integrated technology that automatically blockstrackers, annoyingads and shields everything that can cramp your style and disrupt yourprivacy.
With it you can expect increased speeds almost2x faster on laptops and up to 4x faster onmobile. And unlike any other browser, Brave allowsyou to support your favorite publishers with automaticmicro payments.
It's a win win for you and your favoritesites.
To top it all off, Brave is open sourcebecause we truly believe it's our web and we needto fix it together.
Ask yourself thisquestion, do you want a web browser made for the internet of today?
If so, try Brave. It's faster.Safer and ad free.[silence]
Brave software is introducingan innovative solution,blockchain based digital advertising.
Online advertising was once simpler, it consistedof advertisers, publishers and users.
Digital advertising has evolvedinto an opaque and inefficient marketplace.Publishers, advertisers and users are all being conned bythis system. It's hard to believe but we are paying to bebothered by ads, our mobile phone billis going toward all the bandwidth spent on ads andtrackers. Up to $23 a month according to the New York Times.
Popularmedia sites we've seen have as manyas 70 trackers calling out using your battery, slowing down thepage load and increasing data costs.
Users are now trying to protect themselves with ad blockingwhich is on over 600,000,000 phones and desktops and rising.
So werealized something needed to be done. Wethink the solution must involve a decentralizeddigital ad exchange based on theblockchain.
Brave is implementing this in stages. Ourfirst stage is already in the Brave browser whichblocks ads and trackers but also have a ledger systemfor rewarding sites based on user attention.
The second phaseis when we try to move towards adecentralized ad exchange and that must involvea new kind of currency for user attention, and that's theBasic Attention Token.
The token is derivedfrom and therefore denominates user attention. Attentionis really just focused mental engagement on anadvertisement, great content, on whatever the useris looking at.
The browser can anonymouslyand privately monitor your attention as youview pages in tabs and it can do this in a way thatis highly accurate and highly private.
Wethink this is essential to avoiding fraudand malvertising problems on the current ecosystem.
Publishers will receive tokens when are viewed,users also get a share for their attention if they choose to receive ads.From that share they can then donate back to publishersthey wish to support.
We also see publishersbeing paid in tokens able to use those tokens toaward users to promote their content.
And if theylike, they can chargefor premium content that is paid in tokens.
BAT shouldbecome a new standard that is used in theentire advertising ecosystem. We believe that thiscombination of blockchain, smart contractbrowser analytics and accountable open sourcecode and auditability is the future of advertisingon the internet.
Moderator: Up nextwe have Igor from POAcan you come over there? Jorge from Aragon.Let's welcome Jorse to the stage.
Jorge: OK. I'm Jorge Izqueierdo and we are building the world's firstdigital [inaudible].
Before we start talking aboutthat, we like to talk about this pyramidthat [inaudible] have been talking about for these.
As all the parts of the technology stack have beencommoditized, we think that there is onlygovernance that is not commoditized. And eventually wethink that crypto networks will make it or breakit, [inaudible]
Bad governance is very, very hard and when governance fails in thereal world, bad stuff happens.
We have this example in my home countryin Spain with the Catalonia thing. We haveexamples here in the US where badgovernance burnt down [inaudible]. Or [inaudible]
But we now have thisamazing tool that allows massive coordination[inaudible] and it also allows a test bedfor testing new governance processse without[inaudible] without people [inaudible].
This is very cool. We are experimenting a lot withthis and we feel like [inaudible]
Now going a bit more technical,we've developed this framework called aragonOS which isthe 3rd iteration which was [inaudible].But now it's a more generic protocol [inaudible]can use if theyneed [inaudible] governance which basically[inaudible] same thing [inaudible] one withoutthe other.
This is also a hackathon for us. We aretesting [inaudible]. So checkout our [inaudible] let us know if somethingis broken or really [inaudible]
Weare also doing a funny airdrop. Weare airdropping [inaudible] doingfun stuff with that during the week[inaudible]
You have all of the informationhere and links. That's all, thank you.
With the sports betting market being sofragmented and the fact that sportsbooks are centralized authorities thatcan take weeks to pay or even take your money entirelyin case of default, it's no wonder why anyone wouldn'tmove to blockchain prediction markets.
But even theystill may take days to confirm the result ofevents.
Onthe other hand, scanning several markets for thebest odds is a time consumingprocess. You could look foradvice but risk being misled lying about theirrecords and employee unethical tactics.
The BlitzPredict aggregatoris constantly scanning themarket. You can be sure to always get the best odds availableon the time of your wager.
With our auditableliquidity reserve, you could be certain that you'll always get paidimmediately at the conclusion of an event.
Weapply techniques from the financial markets, givingusers the opportunity to execute smart contracts whencertain criteria are met such as a positive linemovement.
Last but not least,we reward our communittee'sparticipation. Users can take advantage of our staking options through ourexpert analytics portal, we can encourage andensure collaboration and contributions to theplatform.
Learn more atwww.blitzpredict.io and follow uson our social media channels forupdates.
Aelf is a decentralizedcloud computing network that aims toprovide. Aelf has three defining characteristics.
High functionality, resource segregationand optimized governancestructure.
Currently most blockchain systems view allnodes equally. One node can only run on onesingle server and because ofsuch, a bottleneck effect exists as theperformance of the entire system is dependent on the performanceof a single server.
In Aelf's design, full nodes operate on serverclusters and transactions are executed in parallel.Plus when the system load waslarge, a node can expand horizontallyby adding more servers withease.
Bookkeepers function asdata centers and the multi chain structure functions toallow more server paths where every node is asub cluster.
Because of the multichain structure, Elf simultaneouslyachieves resource segregation. Thismeans that an application's healthy operation cannot beaffected by other applications.
InAelf, the main chain is in charge of unified planning andindexing while the side chains operateindependently without interferencewith each other.
Side chains through verification of themain chain achieve cross chaincommunication thus avoiding large singleapplication data congregating the wholesystem.
Aelf believes that token holdersshould have the power to vote on the developmentdirection of the blockchain.
Torealize this belief, Aelf provides a democraticdelegate voting system for governancestructure.
Aelf is focused on technologicaladvances backed by growing investors andsupporters from all around the world.
CommerciallyAelf is actively cooperating with top companiesfor all different industriesand establishing complete multi industry solutionsaimed to connect the Aelf main chain withuncoupled businesschains.