It's laying the protocol, the foundation for the transportationindustry.
It's a combination of the technologiesI care deeply about.
Drones are oneelement. Blockchain is anotherelement. And distributed and trustedecosystem in a trustless environment.
DAV is an open transportation protocol. It enables us for the firsttime to create an open source peer topeer global transportation network.
This networkincludes anything and anyone involved inmoving people and objects from place to place.
Everyone on the DAV Network can discover services within thenetwork. For example riders can discoverdrivers and drivers can discovercharging stations. And developers can use the openprotocol to introduce their unique value to thenetwork in the form of routeplanning, machine learning, datasharing.
The opportunities this network can create areendless.
Looking a bit further down the road, the Dav Networkis an ideal entry point for thevehicles of the next decade which are autonomousvehicles on the ground, in the air and on the water.
The future is definitely autonomous.
If you had to summarize the future of transportation inone word, it's going to be autonomous.
Being able to do trueautonomous operations is what's becomingthe big push these days.
I canpredict that the autonomous world willexpand.
Once autonomousvehicles enter the market, you are no longerhiring the driver inside the car. You are hiring thecar. And this brings up a lot of interesting challenges.
For example, how do you get a quote and agree on atransaction with a car or with a drone?
How the vehicles compete for your business?
This is a completely newmarket and this is where theDAV protocol comes in.
It connects vehicles and users andservices, creating one big network so that wecan each have an entire network ofon demand vehicles at our disposal.
It alsoenables anyone to purchase equipment that is compatible with theprotocol and make it available on thenetwork in return for tokens.
For anyone that joins thenetwork, whether they are taxi companies,delivery companies or simply someone whoowns a drone, having a unified openprotocol means they don't need to be a multinational corporation to have utility.
The DAVprotocol connects them to a global network ofriders and drivers and vehicles anddevelopers and chargers.
The number of usefulcombinations within the network is exponential.
Theadvantages of a decentralized network like that isthat it allows true marketcompetition and doesn'tleave all the benefit and all the upside to one centralentity.
I firmly believe not a single entityhas all the elements to win. Nobody caneat alone. You have to share the pie.
Companies now have a choice. Instead of creating anentire network, an entire ecosystemfrom scratch, they can focus on theircore product and use the DAV protocol to become a part of anexisting network using completelyopen standards and without paying any fees.
The whole idea of theinternet was to break the middleman.And DAV is to the future oftransportation of what TCPIP was to theinternet.
The most exciting thing that Isee is the ability for DAV to be the key enablerof internet transport.
The DAV network isexpanding as more and more companies join. The DAVplatform is already being integrated into some of theirvehicles.
I believe no single technology is going tosucceed on its own. It's always going to be some mix oftechnologies.
Got to have a way [inaudible]transportation systems whatever they may be. So it's a combination ofgetting the players who do the best join in each of thosepieces to come in and work together.
I invite everyone to join ourgrowing community and take partin the futureoftransportation.
Are you ready for the future of playing forthings?
DigiByte is a new form of currency,similar to dollars, euros, yen or evenbitcoin. But on the very cutting edgeof digital technology. And with no centralauthority.
DigiByte is open source, free to use andanyone can get involved.
Want a safer way topay for stuff? DigiByte's state of theart security makes it 5x more secure than otherdigital currencies.
It incorporates the sametechnology that's used to secure nuclear launchcodes. So it's safe.
Want to get paidfaster? DigiBytescan be sent and received anywhere in the world with an internet connection in a matter ofseconds.
Wish you could have your computer make money foryou? Well a dollar might be sent from oneperson's bank to credit card processor to another person'sbank, DigiBytes are sent directly from person to person.
But in order to verify that eachtransaction is legit, it takes computingpower.
You can exchange the computing power you have fornewly made DigiBytes as you help processtransactions.
Want a super easy way to use yourmoney?
DigiByte is helping to speedup and link merchants and consumers across the globe in acutting edge manner.
DigiBytes can even be sentover social media helping to connect legacybusiness models with up and coming youngconsumers like gamers.
Want to get startedtoday? Get your own DigiByte walletfor free atDigiByte.co
What is NEO? In this video Iwill be going over the basics of this cryptocurrency.
NEO was developed by a blockchainR&D company called onchain. Launchedin 2014 as Antshares, it was rebrandedas NEO in 2017.
NEOfocuses on innovating in the areas of digital assettransfer, smart contracts and digital identity verification.
The NEOplatform consists of two currencies, NEO andGAS both of which are capped at100 million units.
NEO is the pre minedcurrency which represents a share of the network. It cannot bedivided below one coin like most othercurrencies.
GAS is the fuel that drivessmart contracts on the NEO network. Deploying and running smartcontracts consumes gas proportionalto the computing power used.
New GAS is generatedwith each block. The amount generated isreduced by one token every 2 million blocks. Oncethe 100 million cap is reached, no new GASwill be created.
Unlike NEO,GAS may be sub divided into much smaller units.
Collected GAS is distributed to holders of NEOcoin based on their share of the network on a fixedschedule.
GAS for transaction fees aredistributed to bookkeepers also known asconsensus nodes in exchange for validating transactions on thenetwork.
Every NEO coinholder has a vote. Coin holderselect consensus nodes who validate transactions,create blocks and make decisions for the blockchainsuch as creating transaction fees.
Ifa consensus node is not acting in the interest of the network,coin holders can vote out that node.
Much likeethereum, NEO supports smart contracts. Smart contractsallow code to run on the network which imposeslogic and rules on the transferof funds.
Simple examples ofsmart contracts include locking funds untila package is delivered. Or releasing cryptocurrencyroyalties to a content owner each timea digital item is consumed.
One of thedifferences between NEO and ethereum is ethereum applications arecoded in a proprietary languagecalled Solidity whereas NEO applications support commonlyused langues such as java, C#and VB.Net.
Notable items in theNEO pipeline are NEO X which will allowtransactions across blockchains. NeoFSwhich will allow for decentralized storage offiles and NeoQ which will allow for a quantum resistantcryptographic methods within the NEOsystem.
Thank you for joining me today. If youenjoyed this video, please like andsubscribe.
Mobile apps are eating the world.By 2020 the number of smart phoneusers is expected to double. Gross revenueearned by the mobile app market is estimatedto reach $100 billion by the sameyear.
Yet the apps economy still presents three main challenges.
First advertising isinefficient. There are several intermediariesbetween the developer and the user, reducing transparencyand the potential return for developers.
Secondly,in app purchases are still not accessible tomany users and payment intermediaries increase overallcosts.
Lastly app approval is nottransparent. It's still difficult to confirmthe identity of developers and there is no universalapproach used by app stores.
Whatif there was a solution that could tackle these challenges byreinventing the apps economy?
[inaudible] hasbeen working on this for the past fiveyears. And today with smart contracts, we are going tounlock all of those valuesin app distribution and app monetizationfor the developers.
Thissolution is AppCoins, an open and distributedprotocol for app stores. Using blockchaintechnology and smart contracts, it's the new universallanguage of the app economy based on theethereum network.
How? Let's imagine that itall starts with an app developer investing incost per install advertising. With the AppCoinsmodel, advertising intermediaries are no longerpresent. The only margins [inaudible] are for the app storeand for the manufacturer.
If the user installs theapp, he or she will earn AppCoins that can be spenton in app purchases.
Furthermore with the App Coinprotocol, the reputation of the app developerscomes from their transactional historyacross stores.
All information is stored onthe blockchain, making app approval automated across appstores.
When it comes to in app purchases,AppCoins spent by users will also generate biggermargins for the developer since payment intermediariesare not present anymore.
In addition, users with nopayment methods can now receive AppCoins from otherusers and purchase in app items for the firsttime.
Disruption happens when we apply a new technologyto an old problem. The new technology here is theblockchain. The old [inaudible] financialtransactions inside the app store.
It's a problem thataffects billions of uses. And sometimes they don't even realizeand that's the challenge forAppCoins.
Overall there is an open, circular and sharedprotocol that creates a trusted environment for all parties.
For developers, a transparent and efficient way tomonetize their apps and build a reputation across appstores.
For users, a trusted environmentwith new purchasing possibilities and incentives to discoverapps.
For app stores, an app economywith a new universal language that ensurestrust without intermediaries.
Blockchain andcryptocurrencies bring our platform to the nextlevel. We always had this vision of a truly open and decentralizedplatform for apps distribution.And of course these technologies enable it.
We are nowvery excited that [inaudible] is going to use decentralizedtechnology and using the blockchainto really bring crypto technology to the huge userbaseof 200 million users.
Ardor is a multi blockchain platform with a uniquearchitecture that separates the network processing andsecurity chain known as the Ardor parent chainfrom the transactional chains.
These transactional chains known aschild chains have their own native coin for alltransactions and thus don't require their users to haveparent chain coins.
Being built on NXTtechnology, each child chain is pre fitted with thefeatures found on the NXT blockchain such as the ability toissue assets, trade them on an assetexchange, run public or privatepolls, set conditional transactions, setup multisigsecurity or send encrypted messages.
Among manyothers, through a simple user interface as well as through a powerfulAPI, howeverall transactions are still processed and secured by the parentchain. This is facilitated by the help of the bundlingsystem where accounts can be set to collecttransaction fees and child chain coins.
While payingthe transaction fees to the parent chain in its own coin.
Since child chain transactions are processed by the parentchain, it's possible for the different chains to interact with eachother such as sending and receiving coins or assets from different childchains.
This allows for a great deal of interoperabiiltyamong the different child chains,opening up even more potential use cases.
This unique architecturealso enables Ardor to addressthe scalability issues found on every blockchain, known as the blockchainbloat problem.
This refers to the growing blockchainsize as it gets used thus making it more resource intensiveto run a full node to support the blockchain network aswell as to join it.
Jelurida, the development team behind Ardor addresses this problem by implementingfull node pruning where transactionaldata on child chains is regularly removed from thefull nodes on the Ardor parent chain after a snapshot is taken of its most recent state.
Thus reducing the blockchain size withoutaffecting the balances and on-going transactions on eachchain. And the security of the wholeplatform.
However, full nodes can opt in to become archivalnodes for specific child chains andstore the historical data of thesechains.
With all these benefits and features, as well as new ones continually being developedby Jelurida, Ardor aims to beone of the top choices for companies and organizations toaddress their blockchain needs.
Dash - Dash is Digital Cash You Can Spend Anywhere
In this video we'll be goingover the basic features of Dash.
Dash was originally launched asXCOIN in January of 2014, rebrandedas DarkCoin so after. And then in March2015, given its current name of Dash in reference to the wordDigital Cash.
Dash is a cryptocurrencyplatform focused on innovating in theareas of privacy, transaction speedand decentralized governance.
Participantsin the Dash ecosystem includewallet holders who can send and receive cryptocurrencyusing their private and public keys. Miners whocreate blocks and validate transactions through a proof of workalgorithm. And masternodes which are unique toDash and provide an additional layer of functionality that we will look atnext.
Masternodes are participants whoput up a minimum of 1000 Dash coinsas collateral in order to provide additional functionality andgovernance to the network in exchangefor a percentage of block rewards.
Masternodes facilitateprivate send, instant send and alsodetermine how funds in the treasury arespent.
Block rewards are split as follows. 45%goes to the miners, 45% goes to the masternodesand the remaining 10% goes to the treasury.
The treasury funds can be used to fundprojects which further the Dash platform. These are voted on by theMasternodes.
PrivateSend is anoptional service offered by masternodes for a smallfee. It mixes a senders' transaction with identicalinputs for multiple users into a singletransaction with several outputs.
This makes directly tracinga transaction nearly impossible.
Transaction amountssent must be multiples of pre-determined amounts to allow forefficient mixing.
Instant sendis another optional service offered by masternodesfor a small fee. This allows for near instant transactionsby locking transaction inputs while they await beingrecorded on the blockchain. Blocking the inputs preventsdouble spending of transactions.
EOS is aiming to become a decentralized operatingsystem that can support industrial scale decentralized applications.
That sounds pretty amazing knowing what weknow about the scalability of public blockchains.
EOS claims that they'll have theability to conduct millions of transactions persecond all without transaction fees.
So how could they possibly offerthis?
They claim to have solved the biggest problem in theblockchain space,scalability.
In comparison to traditional payment channels,Visa handles 1667 transactions per second while bitcoinmanages about 7 transactions per second.
The reason for this isthat public blockchains like bitcoin currently requiretotal consensus across nodes. EOS's solution to thisis called delegated proof of stake or dPOS.
Tounderstand the following, you should probably have a good grasp on regular proof ofstake.
In typical proof of stake algorithms,a block producer is chosen from a pool of stakers based on variousselection algorithms that typically take into account the amount oftokens staked or the amount of time the tokens have been staked.
In the dPOSsystem, the block producers are chosen instead by a vote. Anyonethat holds EOS tokens can vote on who the block producers should befor each block.
21 blocks are produced in each round of voting.20 are made by the top 20 producers votedfor and the 21st is made by a random selection based on the number ofvotes other producers have received.
So if there are two producersremaining after the top 20 are selected, they each have a chance toproduce the final block based on their final counts.
Thisis a way to ensure that block producers are not always the same few people.
Block producers are incentivized to act honestly because they can bevoted out by the users on any given cycle.
SO instead of competingwith other nodes, they work together to validate transactions asquickly and efficiently as possible.
Block producers are also required tobe active in order to keep the chain moving. Any producer who hasn't produceda block in the last 24 hours is removed from voting consideration.
In this way, instead of reaching consensusacross every node in the network like bitcoin,EOS uses a democratically selected pool of 21 validators to achieve consensus muchfaster.
This does of course come at the cost of some decentralization.To take control of the EOS consensusmechanism, we only need to gain control of 50% of theproducers. In this case that's 11 nodes.
On the bitcoinnetwork you'd need to gain control of millions and millions of dollars worth of miningpower to successfully attack the network.
dPOS is a key part of delivering the revolutionary speed andefficiency that dPOS promises.
By explaining how it works we've alreadycovered a major part of what makes EOS unique andeffective. But there is much more to learn, so let's delve into that now.
EOS has a 5% yearly inflation rate and 1% of that is usedto reward its block producers. A producer's share of that 1%is based on their number of blocks produced as well as thevoting reward.
The other 4% is put into savings for aworker proposal fund that can be used to invest into anyone willingto improve the EOS infrastructure.
The one huge and final difference betweenEOS and other dApp platforms like ethereum is EOSruns on an ownership model similar to an operatingsystem. Ethereum on the other hand can be thought of as renting outcomputation power in exchange for the transaction fees.
What this means is anyone on the network is entitledto an amount of resources proportional to the number of tokens they own.
So theamount of tokens you own is effectively how much of the network you own and canuse.
This in a sense removes transaction feesbecause you can always use the part of the network that you own to process yourtransactions.
It does however mean there is a barrier to entryto use the network effectively.
If you own veryfew coins, you have very little access to the networks' capailities.
It can be tough to use the blockchain as a hobbyist or casual user ifseveral tokens are required to interact with the chain.
If you are someone who ownsa higher number of coins, you can use the network more efficiently. But youalso have a larger amount of money invested.
This means that you aremore exposed to any price swings that affect the token. It also means touse the chain to its full potential, one has to have a higher level ofpurchasing power.
EOS has both interest in technology and astrong team behind them. They have every opportunity to do somethingspecial.
While they mechanisms and philosopiescertainly have potential holes, all blockchains do.
It's great to see drasticallydifferent systems working in the space and we areexcited to see what EOS' uniquevisionbringstothetable.[silence][silence][silence]
One Frictionless Experience To Send Money Globally
Rising into the ranks of the top fivecryptocurrencies within the pasttwo months in terms of market cap.
Ripple has been getting a lot ofattention. Let's take a look at the basics of thisplatform.
The Ripple ecosystemconsists of two main technologies. Thefirst is the Ripple protocol which is an open sourceprotocol for inter institutional transactions.
The second is XRP which is the native currency ofthe Ripple network and can be used as a denominationwhen transactions are initiated on the Ripple network.
The primary participantsin the Ripple ecosystem are gatewayswhich serve as central exchangepoints. Validator nodes who validate transactionsusing a consensus protocol as opposed to miningwhich you may see with other currencies.
Individual wallet ownersas well as market makers who provideliquidity by trading on the Rippleplatform.
The consensus ledger is a perfect recordof all Ripple accounts determined by the servers on thenetwork.
A new ledger is created everyfew seconds. Whenever new transactionsare introduced into the network,servers on the network share information about thesecandidate transactions with each other in order to start the process ofachieving consensus.
This continuesuntil a super majority of peers agree on aset of candidate transactions to be addedto the new ledger.
This is calledthe consensus process.
Using thelast validated ledger as a startingpoint, nodes evaluate candidate transactionsfrom trusted peers calledvalidators.
Transactions that fail to be validated can bevalidated in a future round ofconsensus.
Gateways are an important aspectof the Ripple network. They allow you to depositfunds in exchange for Ripple, withdraw funds by redeemingRipple or transfer Ripple to another user.
They function much like banks howeverall transactions on gateways are stored on thisshared Ripple ledger.
A few things to keep in mindregarding Ripple. One of Ripple's main value propositions is to allowfor low cost speedy internationaltransfer of funds between institutions.
Each time Ripple is transferred, a small amount of Ripple isburned. The primary reason for this is todeter an attack on the network from aflood of transactions.
Ripple doesn't usemining and proof of work like other cryptocurrenciessuch as bitcoin. Its validationmechanism is the consensus protocol.
Ripple isalready being used by several banks atfinancial institutions.
I hope youenjoyedthis briefintroduction to Ripple.
GXChain is a fundamental blockchain for the global
Manyof usare bombarded daily by target and precise advertising.Especially regarding our personalinformation, consumption habits, behaviordata etc.
Big Data brings great convenience to ourlife but it also turns us into walkingdata targets devoid ofprivacy.
The leakage ofdata information means that we andour information can be viewed any timefrom anywhere.
Widespread publicconcern at how large corporations collect and use ourdata has led to a raft of data managementsecurity regulation from governments.
Howeverpoor supervision can't prevent the blackmarket.
Internet companies own huge amounts ofdata and their motives can hardly besaid to be altruistic.
Asa result, the burgeoning black market encouragesthe act of data trafficking.
At this criticaljuncture, the GXChain team has bravelytaken up the mantel of public privacy and safetyby developing a fundamental blockchainfor the global data economy calledGXChain designed to build atrusted data internet of valueon the GXChain.
The user gives authorization for the processto begin. And once the data is encrypted anduploaded, the users owntrusted digital identity is generated. Andthe private data key is handed overto the user.
The process is analogous to locking someone'spersonal data in a safe to which only theowner or the data has thesole key that can authorize decryption.
Inaddition, there is no centralized storage ofdata and any request to use the data must be authorized by theuser.
Meanwhile users willbenefit from any value generated by the use of thedata.
GXChainallows users to regain dataownership so that users will no longer become victims of datatrafficking.
GXChain is notfighting this battle alone. It provides acomplete technical solution including amodulized side chain storage service calledBars which solve the problem of limited data storagespace on the main chain.
And avirtual machine for the programmablesmart contract which allows developers todevelop rich blockchain applications, providingmulti dimensional services to globalusers.
GXChain will work with developers tocreate an ecosystem of blockchain applicationsthat respect the privacy and rights ofusers' data.
GXChain will helpusers regain their data ownership andallow them greater control over andbenefits from the growing data revolution in a safe andpractical manner.[silence][silence][silence]
IOST is building an ultra-high TPS blockchain infr
Blockchain technology holds enormouspotential for our future and how we do business,use online services, retain control of ourdata and much more.
To do this we need a high speednetwork that can scale for global adoption. A developer friendly network thatensures usability and security forall.
The current systems are too slow, insecure, hard to buildon and open to manipulation.
That's where IOST comes in.
Our network scales for globaluse while ensuring the usability and securityrequired for mainstream adoption.
Our powerful consensusalgorithm proof of believability,enables next generation transaction speeds while staying secureusing factors including reputation, participation andbehavior.
An innovative Byzantine fault tolerancemechanism, micro state blocks, atomic commit protocol anddynamic sharding all ensure apps are safe guarded,easy to use and lightening fast while reducingsize, cost and hardware requirements.
We are building aself operated trustless and developer friendlyplatform that uses blockchain technology tocut out middlemen and maximize networkvalue for users... From using blockchain services to runningdApps and running a node and validating transactions, ournetwork is easy to use, forever free and open for all.
Weare funded by some of the world's leading venture capital firms and havecreated an ecosystem for developer funding, support andmore.
With over 50 blockchain professionals from companies likeUber and Google and offices in 7 key cities aroundthe world, we have the experience, knowledge andresources to reach out ambitious goals.
This is the network that will bring blockchain fromconcept to reality.