Blockchain
Blockchain.io, Your Gateway To The Internet Of Value
[ANN] Blockchain.io, Your Gateway To The Internet Of Value
February 19, 2018, 01:11:28 AM
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Blockchain.io, Your Gateway To The Internet Of Value
Cryptocurrencies Power the Internet of Value
In Blockchain.io’s vision the Internet of Value is the next level of evolution of the Internet. The internet of value enables users to securely trade assets, rights, goods and services, globally and around the clock, without the involvement of a centralized authority, or traditional financial intermediaries, or so called ‘trusted’ third-parties.
The Internet of value is built on multiple decentralized, automated, transparent, and secure blockchain-based value networks. Different networks operate different versions of the blockchain, which in turn are fueled by different cryptocurrencies such as Bitcoin, Ether, or Litecoin. Each network meets the needs of certain types of transactions, such as high-value payments or title registry, or the needs of specific trading communities, such as a network of autonomous objects or an industry sector.
Blockchain.io as the leading exchange in the Internet of Value will enable users to trade across all these value networks.
Cryptocurrency Exchanges Enable Users to Navigate the Internet of Value
Cryptocurrency exchanges enable users to trade across multiple value networks powered by heterogeneous blockchains.
As the number of cryptocurrencies grows, cryptocurrency exchanges become the marketplaces for listing and trading cryptocurrencies. In the current context, users mainly buy cryptocurrencies as a store of value, in anticipation of a future value increase. As exchanges list multiple cryptocurrencies in one place, supply information about them, enable comparisons, and set bid/ask prices according to demand, they help separate the valuable cryptocurrencies from the useless ones. Investors become increasingly discriminate in their choices of cryptocurrencies as a store of value or as a utility token.
As technological and regulatory barriers to the Internet of value will be lifted, cryptocurrencies and decentralized value networks will gain mainstream acceptance. To trade on these different networks, users will need to buy multiple digital currencies and to exchange them as their needs evolve.
Blockchain.io will list a careful selection of cryptocurrencies: Proof-of-Work (POW) coins such as Bitcoin, Ether or Litecoin, Proof-of-Stake (POS) coins like Qtum or Stratis, Directed Acyclic Graph (DAG) coins, and other cryptographic protocols yet to be designed and minted.
Ultra-Secure & Decentralized
The centralized part of the exchange offers highly secure custody services with cold storage and cryptographic proof of reserve.
Cryptocurrencies are held in cold storage (offline) for at least 98% of reserves.
A cold wallet access requires multiple signatures.
A cold wallet private key is split and held in a number of different vaults in multiple
locations.
Other in-house security processes and technological features.
Internal procedures protect the exchange from social engineering attacks.
Periodic technical audits and timestamped logs allow detection of any tampering
attempts in the accounting database.
Periodic financial audits verify that the inventory of coins (assets side) matches the
records of liabilities with cryptographic proof. If the exchange’s customer balances are checked against a blockchain inventory of coins (utxos in Bitcoin language) every block interval, there is little or no room for a rogue intruder to alter database records with profit.
Decentralized settlement relies on fair-exchange protocols allowing atomic swaps of cryptocurrencies to eliminate the counter-party risk inherent to a custodial exchange.
Fully Compliant & Transparent
Exhaustive accounting records are audited by independent professional auditors to ensure the integrity of the trading platform.
The exchange aims to comply with all current applicable EU regulations, ensuring that assets never get seized or frozen.
Customer balances on the liability side must match exactly the inventory of coins held by the exchange. Blockchain.io aims to perform such balance check and to publish its cryptographic proof at every block interval.
Reliable Infrastructure