Blockchain Technology

Harmony: a Breakthrough platform for a better future

Harmony: a Breakthrough platform for a better future

The emergence of bitcoin in 2008 has brought various changes in the world of blockchain technology. After the rise of bitcoin, the concept of blockchain has spread across the globe. With the popularity of bitcoin from year to year, automatically many people also find out the idea of blockchain, which is the supporter of the cryptocurrency.

To be reminded, bitcoin appeared in 2009 where there was someone named Satoshi Nakamoto, and many people claimed he was the one who discovered the digital currency. Bitcoin is the first digital money that is implemented, and then, the other cryptocurrency appears.

The bitcoin blockchain is created as a peer-to-peer payment system that makes it easy for users to make transactions because the system is decentralized. In other words, when someone makes a purchase or payment using bitcoin, there is no intermediary to complete the transfer of value. Unlike current transactions, there are conventional banks that are intermediaries between senders and recipients who make operations run longer than using bitcoin.

It should be noted that cryptocurrency is one of the blockchain representations whose presence and the impact can be enjoyed directly by the wider community. It is not without reason why many people invest their money on cryptocurrency because the blockchain system offers advantages that are not found in other systems.

The advantage offered by the blockchain system is a distributed storage system. Blockchain can be said to have no loopholes for failure because data storage is scattered in devices whose networks are spread. Besides, the data storage network can replicate and store copies of the database so that security is also very tightly maintained. Unlike storage systems found in conventional banks whose data is stored only in one center, which is very vulnerable to attack so that when the order is hacked, the data will be more easily spread.

Another advantage is the cost savings when using the system. In transactions or payments made via the blockchain, there are no third parties involved in the transaction. Conversely, every transaction that is carried out only involves related parties. It is because every person or user has access to the same single data permission. Of course, this saves costs for almost all businesses because they don’t need to recruit intermediaries.

Blockchain is a system that has a lot of potential going forward so that it can still be explored to be better. One of them is when, in 2014, Vitalik Buterin developed a new blockchain infrastructure called Ethereum. Ethereum is almost similar to the blockchain that relies on peer to peer networks intending to make Ethereum a smart contracts platform.

Website: https://harmony.one/

White Paper: https://harmony.one/whitepaper.pdf

Scalability as the problem

 

When ethereum was developed, it was found that no solution could solve the problem of the previous infrastructure. The problem in question is about scalability, where ethereum fails to support high-throughput applications such as decentralized exchanges.

With the obstacles that occur, improvements are, of course, continuously carried out to get a system that can improve the precise application. Many blockchain projects have sprung up offering solutions that are claimed to enhance the quality of operation such as replacing Proof-of-Stake (PoS) consensus Proof-of-Work (PoW) and several other projects that unfortunately cause significant performance. In fact, among the plans, the security and decentralization aspects were ignored.

Until the first public blockchain appeared and claimed to be able to overcome the problem of scalability by using sharding. The blockchain is called Zilliqa. But Zilliqa stumbled by two issues that made him fail to offer a solution. The first is that Zilliqa does not share storage on blockchain or sharding data. The second is that Zilliqa relies on Proof-of-Work, which can cause him to be sensitive to single-shard takeover attacks.

With all the projects that have been tried and the claims of each party that carried out the plan that they have found a perfect solution to the problem of scalability, in fact, nothing has been said to be successful or even close to solving the problem.

Website: https://harmony.one/

White Paper: https://harmony.one/whitepaper.pdf

Blog: https://harmony.one/blog/blog.html

Harmony is the answer.

Scalability is certainly still a problem even when the blockchain was first created. Many parties are curious to provide solutions to the issues that can be said to be one point of the blockchain weakness. But it seems that the presence of this one blockchain answers anxiety about scalability. It claims to be the next generation blockchain based on sharding that has been tested to be safe, energy efficient and is undoubtedly fully scalable. The generation of this blockchain is named Harmony. Let’s find out more about Harmony.

Harmony comes as a response to the problems of the previous blockchain infrastructure. Harmony comes by combining the results of the best research that has been done before, and the system practices that are adjusted optimally. The notion of Harmony one itself is an open consensus platform which will be expected to become a driver of a decentralized economy in the future. Unlike the previous blockchain platform, Harmony offers a platform with low-latency, high throughput, and low cost.

As the name implies, which is Harmony, this platform is undoubtedly expected to be a platform that unites all needs and becomes a harmonizer for many people’s lives. This platform can be a consideration for people because Harmony does not only offer a blockchain whose scalability problems are solved but also becomes an infrastructure that can later be a place to build various types of applications that require high throughput and decentralization. Applications that can be made on Harmony one are games, decentralized applications, to the AI data market. All of that can be realized thanks to the presence of Harmony.

Harmony has stated that its platform not only resolves scalability issues but also the number of nodes participating in the network of decentralized nodes. Some of you might be curious about how Harmony handles the issue of scalability and what approach the platform does so that the problem can be resolved. So the answer is Harmony using a sharding-based consensus protocol that is adopted, which scales according to the number of nodes that are increasing in the network. That makes Harmony different from other blockchains. Harmony cares about the number of nodes participating in a decentralized blockchain network.

When talking about the technology used by Harmony, another reason why Harmony is the answer to people’s anxiety about the issue of scalability in the blockchain infrastructure is that Harmony believes that maximum optimization is needed that crosses several layers to complete scalability. That is why Harmony takes an approach by applying innovation in networks, systems, and consensus algorithms that are done ten times than what is usually done.

Harmony chooses sharding and pipelining designs because they can effectively handle connection latency and allow throughput to scale to the size of the harmony network. To get a broader range of devices participating in a more decentralized system, they also widened mission lean kernels explicitly made to run their protocols. The way it works is by increasing CPU performance and security.

With the explanation is given about Harmony starting from the issue of scalability to the technology developed and run by them, it seems very appropriate to choose Harmony as a blockchain platform that can support a decentralized economy. It is seen that Harmony is not only a project created only to solve the issue of scalability but also bring the blockchain to a more advanced era.

The breakthrough offered by Harmony

 

As a platform created to become the next generation of blockchain, Harmony certainly offers breakthroughs in several aspects that are expected to be maximized well to achieve a radically good economy. The following is a breakthrough made in several aspects:

a. Fully Scalable

Harmony’s first breakthrough is on the element of scalability. As we have already known, the issue that is being sought out is the scalability. What makes Harmony is a fully scalable blockchain is the fact that it shards the blockchain states, unlike the previous blockchain which claimed can handle the scalability issue.

b. Secure Sharding

The second breakthrough is safe sharding. One way to solve the issue of scalability is by sharding. Sharding is creating many groups of validators and making them conduct transactions simultaneously. It certainly requires a secure system to process transactions simultaneously, and Harmony has proven that the process of sharding in their platforms is safe due to distributed randomness generation or DRG processes. The function of this DRG is to make the sharding process unpredictable, unbiased, valid, and last but not least scalable.

c. Efficient and Fast Consensus

The third breakthrough that Harmony made is a practical and fast consensus. Harmony Consensus is dynamic because it uses Proof-Of-Stake or PoS, which provides the advantage of saving energy. Whereas the other blockchain uses PoW, which requires them to choose a validator.

d. Adaptive Threshold PoS

The next breakthrough is an adaptive threshold PoS. In this aspect, so that a node can join the network, a bet threshold is adjusted based on the total bet volume. This method is done so that the malicious stalker cannot concentrate on one shard.

e. Scalable Networking Infrastructure

The next breakthrough is scalable networking infrastructure. In this aspect, Harmony uses an Adaptive Information Spreading Algorithm whose function is to spread blocks quickly in fractions or across networks. As for achieving an algorithmic scale cross-shear transaction with a specific amount, Harmony uses the adopted Kamdelia route.

f. Consistent Cross-Shard Transaction

The last aspect of making a breakthrough is regular Cross-shard transaction. In this aspect, the factor that influences the consistency of cross-shard operation is the atomic locking mechanism used by Harmony.

Those are some of the breakthroughs made by Harmony in several aspects of the blockchain. The innovations presented by Harmony are undoubtedly able to provide applications that were previously not feasible on the blockchain to be something that can support a newly emerging decentralized economy. Increasing the trust of billions of people is one reason why Harmony made innovative breakthroughs.

Website: https://harmony.one/

White Paper: https://harmony.one/whitepaper.pdf

Blog: https://harmony.one/blog/blog.html

 

Sharding and Consensus

Consensus protocols are a vital element of each blockchain because it plays a role in determining how safe and fast blockchain validators one is to be able to reach consensus on the next block. The commonly known consensus protocol is Proof-of-Work, which is used for cryptographic solutions. Whereas the other consensus protocol, Proof-of-Stake, was used by Harmony as the basis for the selection of the Harmony consensus Validator.

 

A little explanation about sharding, scalability is an issue of concern in the world of blockchain technology. Every new project that will be launched tries to solve the problem by claiming to have found the answer. But, when Zilliqa, which is the first sharding-based public blockchain, appeared and claimed to have found a solution, the solution offered was not proven to solve the issue of scalability. It should be noted that the issue of scalability is not only a concern for those who work in the blockchain industry but also those in the academic world. This issue has attracted a lot of attention since 2017.

 

Describing sharding as a solution to scalability problems, before claiming to have found a solution, Harmony has tried various approaches to assign nodes to fractions which of course have been proposed first. Portions referred to are random-based sharding, location-based sharding, and centrally controlled sharding. After going through the process of this approach, it was found that randomness-based sharding was the safest and most recognized solution.

To determine sharding tasks on each node, a mutually agreed random number is needed, and the number must have several properties. Among these are random numbers. Which means that no random number can predict before it is produced. Other features are unbiasable, which means that there should be no bias by any participant when the process generates a random number running. The third property is valid. The meaning can be verified is the observer can verify the validity of the random number generated. Last but not least, the previous property is scalable. Randomness generation algorithms must scale a large number of participants.

Website: https://harmony.one/

White Paper: https://harmony.one/whitepaper.pdf

Social Media:

Blockchain Helping Rento as Sharing Economy Platform

Blockchain Helping Rento as Sharing Economy Platform

Nowadays technology is growing rapidly from year to year. Almost in every aspect of life, there are technologies that can help human life. One of the goals of technology is to make it easy for humans to do their jobs. Every day, more and more creativity arises that gives new innovations in existing technologies.

The development of technology today is inseparable from the demands of living. Humans are required to carry out various kinds of activities by not using too much time, space and money. This is what makes humans turn to use modern tools. However, it still requires humans to operate it.

Smartphone is one of the technology that is very close to humans and help in everyday life. Nowadays smartphone has a very important role in human life. Although its function as a communication tool, smartphone also simplify the business and work affairs of its users. As the name implies, you can do business with only one finger. Things like making a letter, sending an email and even transferring money, all can be done on one cellphone. You don’t have to bother opening a laptop to send an email or going to a bank to send money because it has been helped by the presence of a smartphone.

One of the technologies that have created and brought major changes is blockchain technology. Blockchain was introduced in 2009 which also coincided with the introduction of bitcoin by Satoshi Nakamoto. The blockchain is a decentralized system where each transaction does not require an intermediary. To be simpler, at this time every time you make a transaction, you need a bank as an intermediary in sending or receiving money. Meanwhile for the blockchain, there is no intermediary on the transactions made so that it speeds up the process and can be accessed by anyone because the blockchain does not belong to a company or individual. Everyone can access if there is an internet.

The blockchain technology is actually created because of a centralized software work system. When it is compared to centralized systems, the blockchain has many advantages. The strength of the blockchain is that it faces strong attacks and hacked servers. The transaction activity will not stop because there is another server handling the transaction unlike the centralized system that will be cut off once the system is being hacked.

These advantages make blockchain technology adopted by several digital platforms. There is a statement that if the global sharing economy of the industry is combined with blockchain technology, it will change the state of the human economy. One of the example is Rento. Rento is a global sharing economy application that offers loans for underutilized products or assets. The Blockchain offers transparency that can be accessed by anyone and that also applies to Rento in running its platform.

Ann Thread: https://bitcointalk.org/index.php?topic=5076209.0

Website: https://rento-app.io/

White paper: https://rento-app.io/assets/whitepaper.pdf

Blockchain changes the global sharing of the industrial economy

 

Using blockchain technology is the right choice for Rento because the blockchain has the advantages of transparency, smart contracts, and irreversible records. This certainly provides an opportunity for Rento to be able to change the industry of sharing economy to become more advanced and trusted. If you are curious about what can be done by blockchain technology to change the industry of sharing economy, here are the list:

  1. Blockchain introduces transparency

One of the advantages of the blockchain is the transparency that occurs in every transaction. You can see and access information and transactions that occur. Data that is accessed and available is not possible to be manipulated because every changes in the data must be in accordance with the actual transaction. That is what will be applied to the Rento platform.

The sharing economy can run well if you get trust not only from the borrower but also from the product or asset lender. The blockchain technology will provide all relevant information about the assets or products to be lent. The information can also be accessed by each party easily just by connecting to the internet. With the transparency of the sharing economy, it can also minimize interactions between potential borrowers and lenders to maintain transparency in the ecosystem.

  1. Low transaction costs

If you make a transaction through a bank, there is an additional fee if you transfer to different bank. Usually each bank has its own set of costs for each transaction. Likewise, if you do an overseas transaction, you will be charged a huge fee which will automatically be deducted from your balance. This is because banks also consider the conversion costs of foreign exchange, transfer fees, and the cost of sending money.

On the blockchain, the transaction fees charged are far lower than centralized systems like bank. You do not need to pay more when doing every transaction on the blockchain even the cost is cheaper than through the traditional bank. Besides being cheap, the transaction process is only a fraction of a second. Unlike traditional bank transactions that take a long time to be processed. The ease, speed, and transparency of this transaction can occur also because of the digital cash.

  1. Fraud is less likely to happen

A transparent blockchain system makes all people who access can see all the relevant informations. So the possibility of crime and fraud is getting lower. The openness of the blockchain structure also complicates the movement of fraudsters to commit crimes. In addition, with the validation methodology, it will ensure the authenticity of each feedback provided. Therefore, there is little possibility of fraud on a transparent blockchain structure and every information is validated.

  1. Risk protection facilities with smart contracts

The smart contract exists with the aim of creating a binding agreement or agreement consisting of several parties. The smart contract was first conceived by a cryptographer named Nick Szabo. If you usually store the information in the form of documents, then in the blockchain smart contract takes the form of a code. Contracts that occur later are of a permanent nature that cannot be changed again.

Smart contracts are actually made to overcome trust problems that usually arise if people make a transaction or borrow goods or products. With the existence of a smart contract, payments and transactions will be guaranteed and deposits will also be saved when the goods are being lent. It certainly provides protection against financial risks that may occur when goods are lent. The smart contract also offers efficient risk priority mechanisms.

Rento was created to provide convenience and speed in borrowing goods. But besides that, Rento also wants to grow the sharing of the economic ecosystem more broadly than the existing industry. Like hotels and transportation that have already run the industry. Therefore, Rento wants to cover other fields that have potential in this sharing economy industry. One of them is daily products or services. The platform is created to facilitate all lending and borrowing activities using blockchain technology. The technology also will ensure international transactions run safely and smart contracts that facilitate goods collateral.

Ann Thread: https://bitcointalk.org/index.php?topic=5076209.0

Website: https://rento-app.io/

White paper: https://rento-app.io/assets/whitepaper.pdf

The Key Components of Rento Ecosystems

 

As previously explained, Rento wants to expand its ecosystem to exceed the existing industry. To be able to run it all, of course, it requires the consistency and development of the main components of Rento so that the desired ideals are achieved. Therefore there are three key components of the Rento ecosystem. The three are:

  1. Rento Application

The application is one of the key of Rento Ecosystem. The aims of Rento is to share the industrial economy in a larger scope. So it will not only focus on transportation, real estate, and hospitality industries but also other industry which also is useful for people. Such as daily use items, office rooms, meeting rooms, equipment tools, hardware devices, construction tools, cameras, and other items, goods, or service that will likely be useful and needed. There are features available on the platform in order to make the rentals getting easier. Those are the feature for the users or the borrower:

a) The listing page

Listing page is one of the important feature available in the platform. In this section, there is a list of all the available products and services ready for being rented by the borrower. It also supports many classifications such as searching filter and geo-filters that will help you in searching relevant items needed.

b) Search Engine

This feature will help the customers to search what the product or service that they need. In addition, It also has the filter and sorting capabilities to make the customer easier searching product.

c) The Renting calendar

The calendar feature in the Rento application is used to see whether the product and service they need is available or not. Every product and service its availability can be seen in this feature. In addition, later Rento will launch its new feature called “Book-in-advanced” once the platform is launched. Users can also approach a product based on their listed opening.

d) Feedback

Rento provides feedback features where borrowers can give their ratings and feedback after renting the product or service that they need based on the experience that they get while using it. In this case, blockchain technology is very helpful in preventing and minimizing the feedback manipulative provided on the platform.

After knowing the feature of the users, there are also features available for the listing owner. The feature available helps the listing owner to monitor its active product or service which is being rent. Therefore, it is different from the users. These are the features for listing owners:

a) Active Listing

This feature will help the listing owner or the lenders to find its active listings in one location. The listing owners can also see the renting schedule for its product or services on the active listing page.

b) Listing and Advertising package details

For listing owners, they can access the details package on the dashboard. In addition, Rento will provide points to service providers or businesses if they have finished registering. Later, Rento will also introduce ad positions and premium listings after 2020.

c) Customer Insight

Customer insight feature is available for listing owners so they understand how the customers behaviour. In addition, this feature can also provide rental preferences and some parameters so that the business can develop better.

  1. Rento Blockchain

The advantages of blockchain technology seem to be suitable for the application of the global sharing economy. Rento is one of those who has used the technology on its platform. Rento creates an ownership blockchain that has different features for sharing the global economy. In addition, Rento made the chain specifically for the global sharing economy. Making sure that it is the best database needed for Rento ecosystem.

a) Custom Smart Contract Facility

At present, Rento requires a special smart contract that has the flexibility to be able to expand the functionality to face challenges in the future. It is because on the blockchain platform there are currently no special smart contracts that Rento needs.

b) Handle dispute resolution

When disputes between borrowers and lenders occur, Rento must have full control of the blockchain system. So it needs its own blockchain so that problems can be resolved in accordance with local regulations. This cannot happen if Rento uses a blockchain from a third party.

  1. Store Model Store

As the name implies, Rento Model Store is a rental shop that will provide various rental products such as household appliances, lawn tractors, and scooters. All rental transactions remain through the Rento platform. The presence of Rento Model Store can also strengthen credibility and promote the vision of sharing economy directly. Another advantage gained from using this service is that feedback will be immediately heard by Rento from the customer after they use the product or asset they rent.

The Rento Model Store service also opens up the possibility of becoming a franchise brand where if there are people who are interested in operating the Rento Model Store under the Rento franchise, they must achieve a number of conditions in accordance with the franchise agreement.

Ann Thread: https://bitcointalk.org/index.php?topic=5076209.0

Website: https://rento-app.io/

White paper: https://rento-app.io/assets/whitepaper.pdf

Social Media:
 

 

Posted by: kurniawan05

https://bitcointalk.org/index.php?action=profile;u=1187741

Get Closer with The uPlexa Platform for Improved Payment System

Get Closer with The uPlexa Platform for Improved Payment System

During this global era, many kinds of human activities are supported by sophisticated technologies. As we can see, the improvement of technology brings so many benefits to humans. They are not only about effectiveness but also about profits. When we talk about business, advantages are the main things achieved by people. Within this competitive era, many kinds of business stand out with their characteristics.

Talking about technology and business, uPlexa is one of the best business platforms that you can depend on since it deals with e-commerce. By having uPlexa application in your smartphone, you can have a great device to pay all of your payments easily and quickly. Moreover, it also gives you many other benefits that you can’t miss.

So, how does this application works? What kind of benefits achieved by using this application? Why should people join right now? Perhaps, there might be many more questions coming out about this bitcoin application. If you want to find out more about them, you may take a look at the brief explanation below about uPlexa e-commerce.

Essential Things You Should Know About uPlexa

To introduce you about the important things of this bitcoin-based e-commerce, you need to read the whole explanation below. Check it out!

  1. uPlexa is an e-commerce application that is based on two things, which are IoT and anonymity. IoT itself stands for Internet of Things which refer to devices that generally cannot be connected to the internet, but now can easily be controlled using your smartphone or any other devices connected to the internet. As a simple example, your bedroom lamp that is usually switched using the switcher on the wall, now can be controlled only through your smartphone and then it becomes one of the IoT devices.
  2. As a result, there are still many more examples of IoT. Specifically, the tools that are supported by IoT in the uPlexa platform include television, cars even kitchen appliances like oven, refrigerator, rangers, coffee makers, etc.
  3. Next, the second main thing operated in the uPlexa platform is the anonymity. It means this application is designed to guarantee your privacy and security towards other users. In other words, your privacy will be kept safe while you can use it to run your business effectively.
  4. Besides, anonymity is not only about privacy but also can guarantee you from being hacked or blackmailed by certain parties who can disturb your business flow. Moreover, anonymity system also prevents you from any disadvantages like bothering virus data that may affect your network system.
  5. The great team in uPlexa also sets this platform well so that it can operate in a vast network but with low fees. Apparently, it can be achieved by using a network model named Near-Zero Congestion Model. Since it covers the mass devices adoption, so the company believes that the reinforcement will be significant enough to support the devices.
  6. By saying agree to join this e-commerce business, uPlexa will provide individual profits for the users through the amount of bitcoin that can be easily accessed through the official website or the downloaded application in your smartphone.

Based on the collected data, there are around 9 billion devices connected as IoT which in the next two years or 2020 will be predicted to be about more than 20 billion devices. Therefore, the more the devices connected, the more profits can also be produced.

Those are several important explanations about this e-commerce platform that you need to know. If you are willing to see a lot more, let’s continue reading to the next great things written below!

 

What Kinds of Advantages Can You Get By Using uPlexa?

The previous paragraph introduces you about the uPlexa platform that covers its main system in operating the e-commerce and IoT business. Based on the explanation provided above, you may wonder what kinds of advantages that you will get if you decide to join? Then, take a look at the brief description of benefits you can get below!

  1. The main focus of uPlexa is to mine the IoT devices payment through the p2p payment among the users. Nowadays, as the development of IoT is getting broader, the mining will also possibly be able to reach profitable results. Additionally, uPlexa can be one of the central currency applications or devices to access the profitable IoT devices mining.
  2. The use of anonymity profile for each user in having e-commerce payment will be able to access through all of the uPlexa platforms. When most similar system offers no anonymity or the only little one, uPlexa comes with quite different things that hopefully can perform better results than others.
  3. By trusting your devices payment within uPlexa, no more worries in managing the payment system of your smartphones, internet, telecom, and any other connected IoT devices. Moreover, not only used for monthly payment, but also any services or credits for certain products are also available in e-commerce uPlexa.
  4. Within great teams and ideas, uPlexa can provide fast and competent performance where the Near-Zero Congestion Model of Lightweight blockchain will be available for many kinds of users ranging from the webmasters, corporations, app developers and even individual users.
  5. Another advantage that should be recognized is the transaction security. To provide great satisfaction for all of the users, uPlexa platform builds teams that can create such codes in kinds of cryptography to ensure its safety in each transaction paid through uPlexa platforms.

A lot more advantages can be achieved once you decide to join this uPlexa platform. For the brief explanation about its operations, you can go to the following paragraphs below.

 

How Does Uplexa Maintain The Profits From The Payments Made By Each User?

Combining the system using the connected IoT devices and CryptoNight algorithm, uPlexa is one of the most recommended e-commerce platforms that is based on IoT devices mining to achieve high profits. Here is the brief deciphering you get to know about how this platform works.

  1. Generally, the Near-Zero Congestion Model is one of the basic models used in the uPlexa platform since it costs extremely low and can utilize the off-chain transactions. Additionally, uPlexa is not yet a cryptocurrency platform focusing on minor deals so that it would immediately show disapproval for several cases, like the extremely small microtransactions, appeared in the system.
  2. The additional mining system is the uPlexa NZCM API which is highly recommended for companies projects to decrease fees but still be able to provide credit system to all the individual users included in the company.
  3. uPlexa is also equipped with certain tools and methods that have lower CPU capacity than the other most-used smartphone’s application, like Facebook, Netflix, etc. Thus, it can prevent you from having your smartphone overheating or taking a long time to respond with.
  4. The users of the certain website that has been cooperated with uPlexa can purchase things by just using the credits from their uPlexa mine coins. Moreover, within the coins that they have gathered, they also can get any available discounts for purchasing the items.
  5. As a continuation from the point explained above, the website that provides the platform for the users to do purchasing activity also gets the profit by having mining coins sent directly into the website account based on each transaction completed by each user. As a result, both parties understand the advantages increased to their mining coins.

Those are several essential things you need to know about the uPlexa platform, mainly that is focusing on the connected IoT devices. Apparently, joining uPlexa doesn’t only provide you with mining coins, but also the payment efficiency and accuracy.

Besides, it is also run anonymously which can be much safer and it offers more privacy for you to have payment anywhere, anytime and to any devices you want. Next, in the following explanation, you will find out some crucial things about uPlexa e-commerce.

 

What Are The Important Things You Need to Know About uPlexa E-Commerce?

Selling or purchasing kinds of things via online is becoming one of the most favorite methods when having shopping. Since the internet settings work faster and much accurately, then this method is considered one of the best ones for most people in this global era.

Additionally, based on the statistical data, it shows that there is an estimation that in 2020, the industry accounts will get higher increases like around more than 4 trillion dollars from 2 trillion dollars. Therefore, it is considered a higher demand with a great opportunity for those who are interested in creating a significant change for the company. Here are the essential things about uPlexa e-commerce you should know.

  1. uPlexa e-commerce will be similar like cryptocurrency business where coins are the main focuses in the system. Besides, all of the activities operated within the uPlexa e-commerce will be in guaranteed in an anonymous yet secure ways.
  2. The availability of uPlexa e-commerce ranges from any plugins, designs, developers and even webmasters to promote their online store effectiveness for the customers’satisfaction. In other words, this e-commerce is very applicable to any kinds of industries.
  3. Fortunately, the system will not charge any fees for those who haven’t got to run any profitable in their e-commerce account. After minimum three times of the monthly store fee, the store is no freer which means that you have to start paying for the basic store.
  4. In purpose to achieve the best testimonials and satisfactory from the customers, uPlexa e-commerce will always have improvements regarding the system, rules, and any other related things. Thus, some useful recommendations, inspiring suggestions as well as improving complaints would be beneficial in maintaining the system’s modification in the future.
  5. Additionally, uPlexa e-commerce will include kinds of e-commerce industries such as Shopify, BigCommerce, and WordPress. Also, the users will be able to experience the cryptocurrency systems as it becomes the priority of uPlexa upcoming projects.

Based on the explanation about uPlexa IoT devices as well as the e-commerce that just being written above, the term ‘anonymous’ might seem repeated for several times since it becomes one of the basic things of this platform. If you are still wondering how does it work anonymously? Then, you need to check this one more crucial thing below.

 

Things You Should Understand about The uPlexa Anonymity Service Payment

 

uPlexa believes that having an anonymous payment system for the users will make it one of the best optional payment methods that produce profitable results. Besides, the connection between uPlexa and other service providers that can build multiple partnerships is also needed to make this anonymity happens. Here are several reasons on why it should be anonymous.

  1. It is excellent protection for the users to prevent their personal information from any kinds of spy programs. Besides, these kinds of protection are also helpful from getting your data being sold or marketed to any types of purposes by the unknown parties.
  2. Having uPlexa as your payment method means that you just use a global currency which allows you to not paying any fees required (tourist fees) if you want to pay things while traveling. Compared to other payment methods, this is much more advantaging, isn’t it?
  3. Your payment information will keep secret including your business suppliers. Thus, the users will be able to pass any service bans or even government repression. As a whole, your account can’t be easily hacked for its personal information, like phone number and other personal details. Thus, you can have a safe, comfortable as well as effective payment system by joining with the uPlexa IoT devices mining or the e-commerce one.

The three reasons explained below are the key points of why this system is focusing on the anonymity payment. Additionally, if you think you need more information about them, you may check out several important links below that will bring you to further an in-depth explanation.

Website           : www.uplexa.com

Twitter            : www.twitter.com/uPlexacoin

Reddit             : www.reddit.com/r/uPlexa/

Discord           : https://discord.gg/a7mAQwJ

Overcome The Logistics Problems With EndChain

Overcome The Logistics Problems With EndChain

The trading transaction via online having the consequences for all parties which involved in there. At least, there are three parties here, the seller/manufacturer/producer, logistics industry and consumer. Each party has the obligation and rights on this case. As we know, online trading allows the buyer and seller not meet in the market as trading as usual. Here, the seller needs the logistics help to send the goods to their consumer — the logistics industry work as the bridge between seller and buyer. The logistics have the responsibility to deliver the packages to the consumer. But, it’s not always run as well as we think, because it’s possible bad something occur while shipping process.

One of the most crucial problems of logistics industry is about transparency. Yes, the transparent transaction is the key for successful trading. The transparency while shipping process is an important part, such as the update information about the packages, include the location and condition itself. The secure and transparent transaction should be built if the logistics industry still wants to stand out in this era. The problems of logistics aren’t only lying on transparency, but also the technic procedure of shipping phase. Almost all logistics industry is doing their tasks with the manual method like using a paper to verify the package, filtering the package one by one, etc. These ways are out of date and consume lots of time.

What’s the solution to these problems? The answer is the logistics must be moving on to the modern ways through technology. In this digital era, the blockchain technology exists as the strongest problem solver for transportation and logistics problems. The blockchain is enabled to controlling and monitoring the transaction. The blockchain technology is coming with the power of revolutionizing for supply chain in modern ways. By implementing the blockchain technology in the logistics company, it can build the consumer and manufacturer trust in the logistics. The impact of blockchain usage can’t be understated anymore; the transportation management is able to hold their existence in the world market with 13% increasing of GDP global. It means the border communication and administration of $1 trillion trades are improved.

Some companies are implementing the blockchain solutions for their logistical problems, but it’s not a complete solution. Besides the blockchain is able to transfer the value and change the physical goods which transferred, but the RFID chips of blockchain are expensive. This fact such bad news for companies, because it means they should be spent more money or budget. It’s not a big matter if the company using EndChain. What’s EndChain? EndChain is one of the companies which develops the blockchain technology and focuses on the logistics chain issues. EndChain has the goals to be the blockchain solution for logistics industry itself and another party that involves in the transaction. EndChain provides new experiences for people with the new concept and system. Are you interesting to know more about EndChain program? Please follow our social media below. You will get the update information about EndChain.

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Knowing The EndChain Design

The EndChain work involves several parties; there are a producer, shipper, seller, and consumer. For the first, EndChain will make the adaptation of the supply chain itself for each party, EndChain will record the goods that entered on the logistics. The record has the function to determine the high-risk goods. The record will give the data about.

  • The information on the product

It is important to know before the shipping process run. The brand, item, and originality of the product must be known. It’s done to avoid the counterfeits goods that will harmful for the consumer.

  • The ownership of the product

It tells us the party that controls the package. The owner of the product should be clear. Because it’s related with the responsibility if something bad happens, such as the delay tracking, stolen, or broken.

  • The quantity and quality of the product

The product that will be sent should be known the quantity and quality. In one day, there are lots of package with different quantity. It’s important to mention the quality and quantity because it’s related to the risk during shipping.

This information will be stored on the QR code and barcode that available on EndChain. These data can’t be expired for a long time. So, it can be checking in real time. The barcode or QR code is provided by EndChain as the new concept for verification process on logistics. The manual checking while verifying the package isn’t recommended and not an effective way. EndChain create the barcode to make the conveniences for the worker. The worker just needs to scan the package for several seconds; the data will automatically be verified. This way will save time and also increasing worker productivity. To using the EndChain, the user have to understand the EndChain design itself.

  1. The registration phase

The participant should register themselves on the EndChain form. Then, the participant will receive the identity that linked with the public key. For your information, the public key will connect the participant with the blockchain based. The participant can see another manufacturer, shipper, and seller. The data will be imported into the blockchain system. The users can interact with another user in one platform.

  1. EndChain security system

EndChain is placing the security system as a priority. The EndChain is work through the permission of blockchain, so the listed users who follow the manufacturing and logistic phase are able to join with the network. The detailed information will be accepted in a blockchain if there’s an authentication. The authentication is a way to protect the goods from counterfeit. The authentication form can be accessed on the cryptographic mechanism.

  1. The linking design

The EndChain doing the job consider by patent-pending barcode and QR code. This code integrates the physical goods with the digital information that entered the blockchain. The users are allowed to upload each item on the chain. The item will automatically have the unique id as identity. This design giving the conveniences for the user because the goods data is store safety.

  1. The future orientation

We determine to build the concept using Ethereum network. Ethereum is a stable network and more compatible with blockchain technology. In the future, EndChain seeking to develop the program and innovate the new feature to realize the different, comfortable, and profitable for all people.

  1. The Barcodes system

The current barcodes are provided for all items, but it’s not specific because the items with the same model have the same barcodes. In the future, EndChain will launch specific and integrate barcodes on each item. So, the logistics worker just scan one code and automatically the information will record at the same time. The data will be saved on a legacy system, so it can’t be expired for a long time.

  1. The Software

EndChain still develops the progressive application and software that can be accessed for users. The software is building for a supply chain, and the website also designed for the customer. The improvement of features also should be run together with the improvement of the security system. EndChain will complete this improvement with the locked key to secure the data.

Overall, the design of EndChain program isn’t complete yet. EndChain always commits to innovate the new concept and system to reach the betterment experience for people around the world because the user satisfaction is our priority. For further information about EndChain, you can kindly visit our sites:

Ann Thread: https://bitcointalk.org/index.php?topic=5055264

Website: https://www.endchain.io/

White Paper: http://www.endchain.io/#language

The Token Distribution Sale

The ICO details for EndChain Company is starting from December 2018 until January 2019. The main aims of ICO are to make the EndChain become the largest and majority company which use in all companies to solve their logistics problems. The first token sale has the minimum target, $4 million for threshold and $15 million for a hard cap. The EndChain tokens distribution will be run via ICO. The EndChain tokens are consists of four categories; there are team, leadership, advisors and future development. The leadership and advisors tokens will be given to EndChain employees as an incentive for their dedication to the company. The tokens will be active for one year and locked in a smart contract. Then, the team tokens are created for the member of EndChain itself. The team tokens are consists of two form based on the position and the quality of working. The last one is future development tokens are created for the business interest, and the manufacturer. The percentages of these tokens are 55% for ICO, then 22% for future development tokens, 10% for team tokens, 5% for leadership tokens, 5% for advisors tokens and the last, 3% for bounty and referrals.

The Coin Distribution

The coin that entered by users will be used to improve the EndChain program and complete the features. The transparency of coin distribution is our way to giving the information for users; it’s beneficial to improve our confidence and our service. We are appreciated to all of you who trust us to handle these logistics cases. The coins that submitted on EndChain will be distributed into some interests in order to provide the comfort experience. It can be called the feedback for users. The distribution of EndChain coins are.

  1. For marketing activity

The marketing activities require the material to explain to the consumers how the EndChain work? The EndChain coins will be distributed for this activity. As we know, marketing is one of the company strategies to introduce their products to society. The marketing has the role of informing the manufacturer, logistics industry, etc. That there’s the solution to their problems.

  1. The general and administrative activity

To completing the marketing team, the administrative aspect also should be done well. If the marketing focuses on the spreading the EndChain products, the general and administrative aspect focuses on providing the material and manage the internal office of EndChain itself. This activity also needs the high cost.

  1. For the legal permission

The EndChain Company is also managing the legal permission. The consumer has the rights to receive the legal tokens and coin, so the legacy system should be built and covering all trading aspects. Besides that, the EndChain Company also obliged to comply with the legal rules of the state. Keeping the existence of EndChain is important.

  1. For the compliance and security system

The user data and blockchain information needs the extra security system. The EndChain coins also use to develop the security system. The EndChain seek to create a strong enough security system for the future. The EndChain coins that submitted are utilized for beneficial things and actions, especially for improvement.

The EndChain Roadmap

Since declare on November 2017, the EndChain has been ready with the roadmap and the targets for the next month and year. The roadmap is important to determine the policy direction — roadmap work as a reminder for the next step when the time to plan, to organize, to act, and to evaluate each agenda. You can see the roadmap of EndChain completely in our whitepaper that can access through http://www.endchain.io/#language. Here, the EndChain roadmap generally.

  • On November 2017: the EndChain concept is launched
  • On February 2018: create the whitepaper version 1
  • On June 2018: EndChain manage the legal authentication with lawyers
  • On August 2018: the barcode/ QR code officially launched and work
  • On September 2018: EndChain launched the website www.EndChain.io and released the first final whitepaper
  • On October 2018: set the ICO system with the potential partners
  • On December 2018: prepare first to launch tokens sale
  • On January 2019: the tokens sale is finish

Actually, the development of EndChain concept has been started in March 2017. But, after facing some obstacles, finally, the EndChain teams doing the intense research and get the conclusion that the blockchain technology is able to help the problems of the supply chain. The EndChain always believe that this project is enough strategies to overcome the obstacle which may occur in the future. It’s just about how the EndChain able to hold the existence as the best solution.