Your Daily Crypto News on Steemit October 18, 2017

• Deactivated Accounts: What's wrong with Bittrex?
• Bomb Safe Bitcoin Bunker: This is how Millionaires protect their Crypto Currencies!
• Azure Government Secret: US Government protects sensitive Data with Blockchain Technology!
• Zero-Knowledge-Proof: JPMorgan is planning a Decentralized Test System!
• Blockchain in Construction Industry: BitRent opens up new Horizons for Investors!
• BITCOIN COURSE CHALLENGE Week 2!

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The crypto exchange Bittrex has now expressed itself to the accusations that customer accounts were shut down.

In the social media, some users have been tormented by the fact that they no longer get their accounts with Bittrex. I also received inquiries from friends who have described this problem to me. However, Bittrex did not have a statement on the allegations until a few hours ago.

Now the crypto exchange market has finally spoken out on its homepage, in order to clarify the situation or to calm the customers. So it is said:

Even if only a few accounts were or are still affected by the blocking measures, the question arises as to why Bittrex has not contacted them or published a public statement, in good time. After all, it is not at all surprising that panic among the users is the result of such measures.

Such incidents seriously damage the image of the crypto exchange. Quite a few days will certainly think about a move to another stock exchange, such as Poloniex. This demonstrates the importance of good customer support for the business model. This is an aspect that certain companies in the blockchain sector should certainly consider.

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The Wall Street Journal calls it the "Fort Knox for Bitcoin": In a bomb-proof bunker in Switzerland is probably the most impressive offline wallet for crypto currencies.

What a bunker in Switzerland has to do with Bitcoin

On October 15, 2017, the value of a Bitcoin was more than USD 5826. Already last year, the digital currency experienced an increase in value of more than 700 percent. It is clear that the desire is aroused and investors are looking for a secure accommodation for their digital wealth. Wences Casares, who founded Argentina's first Internet service provider in the 1990s and is now on Paypal's board, has already recognized this in 2014. At that time he founded the Bitcoin wallet Xapo together with Federico Murrone.

Xapo uses the Deltalis underground data center. (Graphic: Deltalis)

The company, based in Hong Kong, mainly offers a service that is different from other providers: Xapo allows the creation of an offline wallets in a bunker in Switzerland. The bunker was built by the Swiss army in 1947 and served as a secret headquarters during the Cold War. But that is long past and so the underground construction in the Swiss canton of Uri today the supposedly safe data center of the world. The company Deltalis proudly points out on the company website that its facility is one of the few which is even secured against electromagnetic impulses.

Together with other companies that have selected the bunker as a safe storage location for their data, Xapo also uses the impressive construction to give customers of the service a bit more security. The online publication Quartz has now looked at the bunker from inside and recorded their impressions in a 360-degree video.

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Interest in blockchain is growing everywhere; now highly sensitive data of the US government will be protected by the project Azure Government Secret.

At yesterday's Microsoft Government Cloud Forum 2017 in Washington D.C. the technology giant has announced the launch of the Azure Government Secret project. This is a service designed to provide government agencies with better access to cloud computing.

This opens Microsoft's Blockchain offer. The service will allow existing government cloud customers access to the Microsoft Azure "Blockchain-as-a-Service" market place.

The service was launched in 2015 for private companies for test purposes. Even at that time responded to an increased interest of companies in the blockchain technology. Now, the offer from Microsoft Azure will offer additional offers from partner providers such as Chain, ConsenSys and Emercoin in sandbox environments.

While users of Microsoft Cloud have been able to easily use these tools in the private sector, the strict security precautions of the US government have so far failed their use. Due to the rapid spread of blockchain technology and its non-obvious advantages, the US government has now decided to use the technology.

In the meantime 6 of the Microsoft data centers were isolated and the "level 5" authorization stage of the Ministry of Defense was provisionally allowed. In addition, certificates have been issued, including the Federal Risk and Authorization Management Program and the Defense Information Systems Agency, both of which are security programs of the US government.

By Azure Government Secret one expects, among other things, better-developed possibilities to deal with sensitive data, especially to evaluate and process them further.

The advantages of the blockchain technology are to help the authorities better deal with data. The property of blockchain, among other things as good as tamper-proof, offers a lighter authentication and authentication of the data. In this way, the US government joins the series of institutions that discover the benefits of blockchain technology.

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The Zerocoin Electric Coin Company, in short: Zcash and JPMorgan have announced the integration and the first implication of zero-knowledge proof in Quorum. A decentralized audit system is to be developed, with which transactions can be checked for their legality.

The zero-knowledge proof is about proving the knowledge and existence of secret information between communication partners without actually revealing it. Zooko Wilcox, CEO of Zcash, sees the implication of its technology in Quorum as one of the most significant developments of this time. The implementation of the technology in the blockchain assures discretion on the one hand, while on the other it guarantees a disclosure of possible secrets. Both are fundamentally important components of financial transactions, according to Wilcox.

The implication of the software means, in concrete terms, that an independent verification of transactions is feasible without exposing the user's private data. Thus, it would be possible to decide on the legality of transactions without, for example, disclosing the public key or the transaction sum of the respective transaction.

However, the implication does not include a so-called "god key", which would give an authority the opportunity to make subsequent changes. However, Quorum's Smart Contract Language, Constellation, which governs the contracts in the blockchain, would require one. In order to create a financial product that does not require centralized authority, the author integrates a public key into all relevant regulators, thus guaranteeing the necessary access to ultimately make a proof of verification possible.

If, however, everything goes as announced by JPMorgan and ZCash, the results could create a completely new system of financial products that would function without a central authority. Thus, cost and time-intensive clearing companies could be avoided.

The zero-knowledge-proof will initially appear as open-source software. This allows individuals and companies to test, modify, and expand the system before they are deployed.

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The blockchain platform BitRent announced a revolutionary solution in the area of construction: invest in an early construction phase of commercial and residential real estate and the control of the building process in real time by means of modules and structures. The company is based on the blockchain technology and the Smart Contracting protocol. The mission of BitRent is to make real estate investments around the world simple, transparent and profitable.

Nowadays, leading companies are monitoring construction processes in a manual way, which leads to a slowdown in the process and operating costs. The BitRent platform allows you to solve these problems. For this, a symbiosis of the following technologies is used: open BIM modeling, computer-assisted monitoring in all phases with RFID chips, green standards as well as open participation possibilities in the most promising commercial and residential properties using crypto currency.

Through the use of smart contracts, BitRent makes investing in commercial and private equity investments a clear, transparent and predictable process for ordinary users worldwide.

Blockchain's decentralized system offers companies the opportunity to better control building processes as well as reduce transaction costs for investment in equity investments. BitRent believes that this platform will change the status quo for blockchain technology in real estate investment. All technologies introduced by the company should ultimately change the way in which designs and investments are dealt with.

BitRent creates the world of affordable real estate

The blockchain platform facilitates the monitoring of trade and housing construction. BitRent entitles investors from all over the world to participate in share capital at every stage and allows dividends to be obtained. According to its own data, BitRent sees the following advantages for investors:

• All amounts are invested in real estate with no minimum threshold.
• Construction process can be controlled in online mode.
• Dividends are paid after completion of the installation / commissioning of an installation.
• A project can be monitored until disassembly and complete disposal of the module.
• Data can be obtained through free space or objects of commercial property.

Complete online control over buildings thanks to BIM

BIM (Building Information Modeling) technology is actively used in the construction of new projects. This technology optimizes the design and maintenance processes and allows all participants to monitor a project at any time from freehand sketches of the architect to maintenance work on finished buildings and structures.

BIM collects and processes architectural, technical, technological and economic information on construction. The building itself and all related structures are viewed as an undivided entity. The user receives a 3D model, which can be easily monitored by smartphone. In addition, all 3D model changes are within reach.

Already during the planning phase an investor can see how profitable a building can be in the context of the shared equity concept. It is said that homes with self-generated power supplies, heating and water are considered profitable and promising.

In the coming years, all properties will be adapted to specific climatic conditions. Houses that do not meet the environmental requirements will lose their value. Moreover, there is a risk that such buildings will no longer have any means of communication in the course of natural catastrophes. The BIM technology prevents investors from buying such land.

BitRent issues tokens whose holders are entitled to a stake and the right to ownership published on the platform.

"We want to make the property world better, technologically simpler and more environmentally friendly. This will help to reduce both the consumption of resources and the CO2 emission intensity and thus create favorable conditions for EE (Energy Efficiency), shared equity construction and real estate capitalization through crypto-economy worldwide, "says BitRent. "We are trying to change the real estate market and increase the crypto currency to 10 trillion US dollars."

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