Blockchain.io: A gateway to the Internet of value

in blockchain •  10 months ago 

Currently all are talking about one way or another about Bitcoin and Blockchain technology. From economists to rulers, it is likely that in the near future human beings will depend on them to store and exchange value between peers. With the emergence of hundreds of applications and star-ups every day, this cryptographic revolution is for our generation what the Internet represented for the early 2000s: a great promise of transforming our lives, beyond all we can imagine at that moment.

This nascent industry based on cryptography has revived thinking about the growth of the digital economy and has generated a wave of enthusiastic reactions. On the other hand, the still relatively small number of players facilitates the choice of investors among the various technical characteristics present in the cryptographic exchange market. Should we favor a high level of security through the use of a centralized exchange platform, or would it be better to rely on a third party for the sake of high liquidity and a considerable reduction in terms?

To understand the very reason for Bitcoin's success, one must remember the impact of this decentralized system. Peer-to-peer technology is based entirely on the Internet, eliminating the need for an intermediary; but due to the high transaction volumes and shorter processing times offered by centralized platforms, decentralized scenarios have been excluded despite their higher level of security. That is why cryptocurrencies operators should not have to choose between liquidity, low latency and security.

And blockchain.io appears in the game: a new generation of cryptocurrency trading platforms, which combines the advantages of centralized and decentralized platforms, for an unprecedented trading experience.

Centralized but also decentralized

Blockchain.io has the challenge of providing a centralized trading platform, which in turn offers what is called a "decentralized compensation" option. This feature allows users to benefit from a high-performance centralized order book without having to relinquish control over their crypto-active. As a result, users will be protected against the risks and will be guaranteed that their money will remain under their control thanks to the atomic cross-chain exchange technology.

Its platform is designed specifically for investors. The MVP (minimum viable product) is already online and the interface will be fully operational shortly after the ICO ends. Users can begin to exchange the desired tokens at a commission rate of 0.1% for buyers and sellers and at a much lower rate for BCIO token holders.

Best of all, Blockchain.io will also provide consulting services to ICOs, accompanying new end-to-end projects to ensure success. In addition, the tokens referenced will be selected after a thorough review, which will offer a wide range of solid projects to investors.

Another interesting point is that the coins are only listed in the Blockchain.io after having gone through a rigorous verification process to determine its sustainability, with a team of experts conducting a thorough review of the protocol to help ensure that they are technically correct.

Security at all levels

One of the biggest challenges that most cryptocurrency holders face today is the handling of private keys. Private keys are bits of data that give users the ownership of their currencies and allow them to make payments in cryptocurrencies. If you lose your private keys, or if someone steals them, you will effectively lose ownership of your coins without any recourse.

Many cryptocurrency exchanges store private keys in your name. This certainly facilitates the experience by alleviating the burden of handling private keys yourself. It also allows those exchanges to provide instant payments.

But exchanges are often pirated, and when they do, security measures can give hackers easy access to their clients' private keys.

Blockchain.io has put security first by storing 98 percent of its reserves in "cold storage." Cold stores improve the security of digital currencies by dividing keys into multiple locations. They also require several signatures to release the funds. This means that even if hackers enter the exchange servers, they will have difficulty recovering their private keys. Other exchanges also offer cold storage, but it is not the default option.

Blockchain.io will also keep exhaustive accounting records that will be regularly audited, giving peace of mind to customers, making great efforts to comply with the regulations in their jurisdiction, along with international laws. In the long term, this is expected to help avoid scenarios in which client assets are seized or frozen by government officials.

A reliable exchange house

The exchange house will offer "reliable infrastructure" that will be subject to minimum downtime for database migration, server maintenance or application updates, and says that your system offers resilience in high volume periods, as well as during attacks of denial of service (DDoS).

Users who wish to invest in altcoins should generally juggle several exchanges, which can be a frustrating and expensive experience, especially for beginners and non-technical users. Blockchain.io will treat this problem with a "protocol stack", which is a support for the interactions between the different cryptocurrency landscape technologies.

For example, with your Blockchain.io wallet, you can trade between different cryptocurrencies and altcoins, as well as with second layer protocols such as Bitcoin Lightning Network and Ethereum Raiden, without the need to have a deep knowledge of the underlying technologies. .

This is a significant point, because it provides liquidity to the cryptocurrency markets. Many crypto-tokens issued by companies can have value. But if you cannot exchange them for other currencies, the only option to use their value would be to collect them and convert them to fiat. This in turn will result in the devaluation of those currencies.

With an easy exchange of encryption to encryption, Blockchain.io aims to create an "Internet of value", in which you can pay for goods and services with several cryptocurrencies, without interacting with the fiat world. This will help to preserve the value of digital currencies and help to move them from the stores of value to the real currencies.

Last, but not least, the ICO Blockchain.io is also registered with the SEC for qualified US investors and has been submitted to the French Financial Markets Authority (AMF). This with the aim of offering legal, marketing and financial experience to assist in the planning and execution of campaigns; after the evaluation of the company's team, those projects will be voted on and approved by the exchange community.

Blockchain.io aims to become Europe's most trusted cryptographic asset market, where cryptographic currencies and tokens would be exchanged securely between individuals and institutions.

The public sale of Blockchain.io began on September 27, 2018. The Blockchain.io platform will be ready for investors as soon as the sale of tokens ends in November.

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This is my entry for the @crypto.hype writing contest

Sources consulted

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