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Bitwings Comes As Coins Virtual Money that Secure Consumer Electronics for The Blockchain Era

Bitwings Comes As Coins Virtual Money that Secure Consumer Electronics for The Blockchain Era

WINGS MOBILE is a software developer and mobile network operator. Since 2017, the company also engaged as a manufacturer of electronic. Exceptional business management can connect the needs of every electronic user by making three-way business a daily basis. The products released also have high innovation to provide world-class technology solutions.

The company offers services to major telecommunications operators such as Jazztel (Orange), Belgacom, Ono (currently Vodafone), and Tata. The organization decides to create a distribution system to the retail market and distribute its services and products directly to customers. This poses a significant challenge to lesser-known brands, in markets traditionally played by distributors who are more likely to be the best-selling brands.

Wings Mobile uses a business model that is based on rapid development and accuracy of execution. These two things serve as the fundamental pillars of the Wings Mobile business model. The innovations from technology continue to develop continuously. The acceleration of technology development is also more intense when compared to other economic sectors. One month in the technology sector is equivalent to one year in the industrial area. The Mobile Wings development team fully understands this philosophy and participates to innovate in the technology field.

 

Some Software and Technology Developed

Wings have two services launched for the community, namely Wings Mobile and Wings Energy. Wings Mobile is a highly competitive virtual cellular network operator in calling services both national and international calls by avoiding additional roaming fees in sixty countries. This service is a leading service for Wings customers. Then the Energy retail service provider was created to provide natural gas and electricity supply services to individuals and companies.

Then the distribution system developed is social market wings and wings store. Some of the products that have been designed and available in the market are Wingsphones and Wings book. Also, Wings develops software and technology, including:

  • Wings Secure All are secure calls that are protected by three types of security.There are ICE technology for P2P utilities, Transport Layer Security (TLS) for Internet communication, and ZRTP (Zimmermann Real-time Transport Protocol) for exchange protected by encryption keys.
  • Wings Suite, is an application designed for PC and cellular users simultaneously, or for finding cellular battery power when low. This allows users to transfer all WINGS PHONE functions and GSM calls from all cellular operators on the WINGS BOOK (laptop).
  • Wings Guardian is an application in the form of a security system that clearly verifies whether an app is installed or a Trojan uses a camera or microphone without the user’s knowledge.
  • Wings Defender is the software to ensure high performance and safe use. This application comes with a full and powerful Antivirus integration such as Wings Defender is something that cannot ignore. By continually being updated with all types of Trojans, viruses, malware, this optimizes security and gives users full protection, as well as optimizing CPU, RAM, and battery.
  • Wings Voip Call offers all Wings Phone or Wings Book owner the possibility of using exclusive VoIP services. The user will decide to make a call through the VoIP or GSM network. The Wings Backoffice is the heart of WINGS Mobile, which enables the management of commercial and distribution systems. The software manages delivery, billing, calculation and commission settlement, logistics, warehouse, payment methods, and e-commerce.
  • Wings Play Store is software to offer anonymous application stores.In the regular Play Store, users must register with their Google tracks all activities and email. Wings Play is entirely anonymous, and does not require registration by email and guarantees complete privacy.
  • Wings Dialer is the world’s first hybrid dialer, which integrates GSM technology with native VOIP technology. This dual system allows integration of all particular WINGS cellular functions on one dialer (keyboard). That include secure calls, free-roaming, second numbers, national and international calls with VoIP transportation, open calls, etc.
  • Another exclusive service available on smartphones is Wings Second Number that allows users to choose the new telephone numbers they need, which can be used to make and receive calls with the second number as caller identification.
  • Wings World Roaming is the system in the world that turns incoming GSM calls into VoIP calls, absolutely free, in a global area where there is an Internet connection. This technology works independently of the operator used by the user. Users can choose from 60 countries worldwide.

✨ Team Bitwings acknowledges and prioritizes the need for privacy in smartphones, communication and data transfer. No…

Posted by Bitwings on Monday, 15 April 2019

WINGS MOBILE is always very sensitive to differences and socioeconomic differences between countries. The manufacture of consumer electronic products (smartphones, PCs, etc.) is very much carried out by certain economic countries in Southeast Asia, and especially by “large factories of China.” The latter has triggered several conflicts, such as those arising from the imposition of high tariffs, which in turn have an impact on import prices in many countries, especially in developing countries. The logic of national market defense is trying to rebalance the trade balance, import and export relations of developing countries artificially.

However, it is more restrictive and impoverishing to end consumers, who are forced to pay the same product even 100% more than consumers of a country that produces that product. One way to overcome this problem might be to reduce tariffs. Ideally one must stimulate national production to go to the basic of the problem. This will not only eliminate tariff conflicts, but will boost the domestic economy by creating workplaces, valuable infrastructure, and employment.

WINGS MOBILE is a company that takes focused on security technology. Therefore, in a world that is oriented and evolved towards new technology, even in commercial use, it cannot be indifferent to security issues in the cryptocurrency world. In this case, the idea of building a right WINSGMOBILE ecosystem, based on the creation of a cryptocurrency, BITWINGS comes alive. And activate, with that combination, a robust program of technological evolution and global expansion.

 

Bitwings & Blockchain Ecosystem

One of the strong points of differential of BITWINGS (BWN) is to base its value on the same basis as conventional currency (FIAT). Wings Ecosystem is a business space that makes WINGS MOBILE as a supplier of services and related goods. That comes to secure cellular communication, controlling the manufacturing process and innovative quality of the latest generation of technological devices and client chains. And affiliations, which connected to the ecosystem not only as users but as real business drivers who participate in the business.

The BitWings Ecosystem creates based on a growing and large geographical area. BitWings Ecosystem also based on rigorous analysis of the demand as a basis for the business model and its feasibility. The first stages have already been improving initial expectations with a very dynamic growth plan. This evolution creates a large market space on an international scale. You can take advantage of the ecosystem, it will be necessary to master reliable, but disruptive technologies that cover all phases of business. That activity may including finance, develop alternative distribution formulas, and create new payment instruments using blockchain technology that is universal and secure.

Now you can find great products for the future with blockchain technology.You may visit the website to know more about these products. Now, the world is in your grasp. Only with one click, you can do anything just with future Smartphone.

 
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Several Things Why You Should Use BIZpaye

Several Things Why You Should Use BIZpaye

BIZpaye is a unique trading platform which has a different system with a convenient way of trading. It’s been the first platform in modern trade history. The main goals of BIZpaye marketplace are to give you a flexible and convenient way to do a transaction. Not only for a big firm, but a BIZpaye system also helps the small and medium enterprises to liquidize the idle and generate more revenue.

Trade barter provider like BIZpaye, which will explain more detail next, is organizational commerce which provides a bookkeeping system for its clients and members. They do a transaction using an internal currency called trade dollars or trade credits. This is will be our point why you should use BIZpaye.

Barter systems today has been an effective way of saving your cash, increasing sales, moving inventory and maximizing your idle capacity. BIZpaye can be the best solution for your company to starting to go internationally without spending much money.

To be the members of BIZpaye, you have to join by initially completing some registration form. Once you done, you are officially the group member of BIZpaye. You can directly sell your goods or services or get it from other members. Every single transaction you do will give the benefit. You get the point in your personal account wallet and can be exchanged into rewards whenever. The information token crypto stored on your wallet is a public information, so all of memners can has the same ability to determine the transaction level.

Transaction System

Currently, the BIZpaye token currency as the part of BIZpaye international group companies has operated in 12 countries around the world using a franchise strategy. To be able to do this such kind of transactions, the members’ company using a credit token as their encrypted wallet.

The participants can exchange or do a barter transaction, which is a direct exchange of both goods or services for other goods or services as well without any medium such as money. All of the participants also can buy their token credits to other members as the main currency to exchange goods or services. That’s why this system also is known as a ‘trade’ or ‘barter’ industry.

 By using the     BIZpaye credit as the currency, BIZpaye’s participant could enjoy an efficient way to increase sales, cost saving and improving other financial performance. Before continuing our discussion bellow, there are two important terms you should know about BIZpaye credit:

  1. Utility token, is an application coins or users token. They have an access to enabling them to explore the provided goods or services by seller members.
  2. While Security token is kind of digital assets that gained its value from the external assets and available for traded.

Market overview

BIZpayeis a retail marketplace which has its unique name which generally known as “CRYPTO” which initiate that this is the instant name to recognize the coin as the main tool to doing a barter, trade, exchange goods and services, and other financial transaction.

Nowadays, more than 45.000 companies in the United States using BIZpaye crypto to doing a barter credit among partners. The un-joined company might be invited to using what is termed “being in credit” and it is possible to the partner company to doing a cash transaction and saving their money 50-70 percent per transaction.

BIZpaye also provides networking event such as Business Seminar, Top Trade events and many mores that generally aimed to help the company partners to promote their business to increase the profitability, improving the company images and profile among merchants members.

BIZpaye also provides networking event such as Business Seminar, Top Trade events and many mores that generally aimed to help the company partners to promote their business to increase the profitability, improving the company images and profile among members.

Actually, the base principal trading of BIZpaye credit is just the same with a conventional bank account. When bank account acquires you to pay the interest and has time to repay, the BIZpaye allows you to free from overdraft and paying the interest.

Why You Should Use Bizpaye?

After knowing some base definition about BIZpaye credit, now, we will give you information about the advantages of using BIZpaye. Here is some benefit when you are decided to using a cryptocurrency for your business transaction:

  1. Flexibility

As we know that BIZpaye credit using barter token and cryptocurrency as its main tool for doing transactions. This system allows the partners to expand their financial activities to cross the border without transaction limit and has no deadline.

BIZpaye also provides a free online business promotion to all of its members. Not only for a big company, a small and medium-sized enterprise also has the same opportunity to get the facility. Compared with n convenient ecommerce that requires the members to pay some advertisement fees, this system helps you to saving much money as your advertisement cost.

  1. Reducing Your Cash Expense

What is across in your mind for the first time when hearing about money exchange? It must be kind of wasting your currency to get a little bit dollar right? BIZpaye credit provides a fair exchange system using cryptocurrency, so it allows all the currency in the world to converted into a credit token. BIZpaye helps you to reduce your cash expense so you can increase your business cash flow.

BIZpaye also provides a free online business promotion to all of its members. Not only for a big company, a small and medium-sized enterprise also has the same opportunity to get the facility. Compared with n convenient e-commerce that requires the members to pay some advertisement fees, this system helps you to saving much money as your advertisement cost.

  1. Increasing Profit

As we explained earlier in the top, BIZpayeroutinely doing a networking event to socialize your business among partners around the world. This opportunity will help you to attract a new business colleague and attract a new customer. You can build a new contract to repeating their transaction which can be locally or internationally. You can get this benefit in every single transaction you do. Instead of requiring you to pay the interest, BIZpaye will promote your business freely and deliver a new customer to do a transaction with you.

This is can be a solution to improving your business performance by increasing sales and gain a higher profit. Besides that, you can save you many dollars by using cryptocurrency for doing transaction among partners especially international colleagues.

BIZpaye credit also can be applied for Business to Business (B2B) marketplace, Business to Consumer, even Business to the government marketplace. So.This systems widely reach every single marketplace.

  1. No Universal Currency

Since we know that BIZpaye using the cryptocurrency which means that it can be used in every single country, this will make a transaction among country can be easily compared and can be dominated in the same unit. By using a swap crypto systems, international trade can be as simple as domestic trade. This also affected in tourism system. For you who want to go abroad, you don’t need to worry about your currency. You can just easily use your trade credit without changing your currency to dollars or your destination country.

By a single currency as well, all of goods or services can have a minimum charged price. This is means that the benefit of being no universal currency is to improve cost efficiency, higher price transparency, and etc.

  1. Price Transparency

As we know that Bank is the most responsible financial institution to control all of the money flow. This is not without reason. The first objective is to monitor how much is money outstanding in a country. So, the government could avoid inflation and all of problems from over outstanding money.But nowadays, since the internet is a crucial part of all aspect like politics, social, culture, and economics, transparency can be easily achieved and accessed by all parties and stakeholders.

BIZpaye provides this kind of facility. By using cryptocurrency, seller and buyer can directly know who is managing their money. Blockchain technology, the provider system used by BIZpaye can be a solution to a single transaction by decentralizing ledger. So, both parties can see who is actually happening with their financial condition and who is controlling their fund. At the same time, they also can enjoy transparency when doing a peer-to-peer transaction, especially among country which typically needs much cost.

This condition helps stakeholders to improve their trust among partners and can affect to continuing the contract. Such condition has an impact on the business profit which typically increases as long as client trust is increased.

BIZpaye Ecosystem

As explained earlier in the top, BIZpaye is a commercial organization which consists of a group of clients and members. Every each of them has a different part to support the sustainability of the company. Just like a convenient market, the member of BIZpaye system interacts each other as the buyer and seller. This unique marketplace can be applied as B2B, B2C, C2C, and C2B.

  • Clients As A Buyer

A buyer member is an institution or individual who wants to get some goods or services from other members within an effective, efficient, trusted ways, and high speed through the available transaction medium.

To be identified as the buyer, members typically doing such activities: Searching good and services provided by other members, ordering goods or services, pay for purchased goods, receiving bonuses such as crypto rewards, and receive the other promotions such as purchase discount,  promotion, and so on.

  • Members As Sellers

Has a contrary defined term with a buyer, members as seller are parties which can be individual or company who provide the goods or services and willing to sell them.

Just the same with the buyer, they also have some specific action to distinguish them from the buyer.

The seller members usually promote their goods or services in the BIZpaye account and publish them, delivering the goods or services when there is order and they have a right to claim revenue after the transaction, giving some promotion to other members as its consumer, and also providing some feedbacks.

  • Payment

In e-commerce payment methods, we usually found some inconvenient in term of lack of trust among sellers and buyers. By using BIZpaye trade and BIZpaye crypto swap platform, both parties can directly control what should they do, and what are their partners do.  Those two BIZpaye platforms can eliminate or at least reducing trustless information and financial activities from both parties.

Even this is more transparent rather than convenient e-commerce, there is a principal manner that should be done by the seller and buyer. Both of them should create a contract to determine the detailed action should be fulfilled by both parties. The buyer can directly determine when their purchased goods or services should be delivered and what kind of payment method is chosen to do. While the seller can determine when the payment is received, what kind of benefit they provide for its consumer.

That’s all some aspect and consideration why you should use BIZpaye. Before you are determined to use this system, please search as much as possible the information about this system. You can read this article as initial actions. Even this is globalization era where the internet holds an important part of our life especially in economics, you have to be well informed before doing anything.

Once you are certain to do, you can maximize your business transaction by expanding your commerce activities borderless among the country. You are possible to gain much profit by reducing your cash expenses and doing an efficient transaction. The Decentralized currency also will give your business impact to reduce the exchange fees either. Besides that, you can use the BIZpaye system for personal purpose. One dollar you spend from your token credit is a real saving dollars in your bank account.

The Colletrix Platform for Solution of Blockchain Platform in Many Purpose

The Colletrix Platform for Solution of Blockchain Platform in Many Purpose

Today’s digital society has begun to switch to digital transactions, one of which is through the blockchain technology platform. Since the beginning of its development, blockchain offers a system that can simplify various aspects, including removing third parties in terms of payments. Adoption of blockchain technology is also ongoing to make the platform useful.

The use of blockchain technology to create new markets is also carried out by the Colletrix platform aimed at all stakeholders. Everyone who joins the ecosystem can enjoy safe and secure transactions through the platform. Besides, the concept established on the blockchain technology platform also has a payment system that involves cryptocurrency so that every transaction made can be completed quickly.

Colletrix’s platform offers the ability of IP owners to obtain lasting monetization from the use of IPs created. Furthermore, Merchandisers will benefit from a design explosion that has a selling brand from the product. Consumers and collectors can also provide support to their favorite characters by doing what they like most like buying and trading collections.

The system running Colletrix platform will start when the owner creates an IP. Then from the IP that was successfully created, it will be typed into NFT. After that, NFT will be linked to merchandise. Then consumers can buy merchandise and NFT redeems. After making a purchase, customers can trade NFT IP owner receives a licensing fee. The last collector will collect different NFT for appreciation.

Ann Thread: https://bitcointalk.org/index.php?topic=5138397.0

Website: https://www.colletrix.com/

White Paper: https://www.colletrix.com/wp/en/ColletrixWhitepaper_20190517.pdf

 Why Colletrix Platform Uses Blockchain Technology?

Daily transactions are now becoming obsolete with the market shifting into the digital era. Every current deal can be done online. Payment must also be able to continue to follow the style of transactions carried out by the user. Therefore the use of third parties as payment bridges is considered to be less productive so that a system improvement is needed to adjust it.

The adoption of blockchain technology for the creation of platforms has often been used to ensure transaction efficiency. How can it work? Blockchain is a technology built to provide solutions from cryptographic technology. The technology is presented at a low cost, a high level of security. Besides, the blockchain also uses a decentralized system so that there is no trust involved.

The Colletrix platform uses blockchain technology with the aim that NFT information and transfer records cannot be changed and are transparent. That will make everyone able to track data and believe that they are not disturbed freely. The use of blockchain technology is also equipped with a good security system so that it can be relied upon to transact in the digital era. The use of blockchain technology on the Colletrix platform is expected to be the best solution to get the best experience in utilizing technology platforms.

Application of the Ethereum Smart Contract in Blockchain technology

The use of blockchain technology indeed allows the use of smart contracts to store important information about digital assets. Blockchain Ethereum can store important information about digital assets. The use of Ethereum also allows automatic execution to be carried out based on conditions if it is coded in the contract.

The use of smart contracts can also limit the number of IP NFTs that can be made as merchandise. The agreement can also ensure the original IP owner to obtain a license fee from each NFT trade. It also distinguishes the Colletrix platform differently from other platforms. IP Owners will benefit from the certainty of licensing for each item made.

The Collectirx Platform Offer Solution for The Best Platform with Blockchain Technology

Website: https://www.colletrix.com/

Ann Thread: https://bitcointalk.org/index.php?topic=5138397.0

Colletrix provides a unique private key concept for every physical purchase carried out in the ecosystem. The unique key is embedded in the near field communication chip (NFC). Private keys give merchant owners the right to redeem and access ERC-721, NFT tokens, through the Colletrix platform.

NFT will be visualized as a unique and new digital asset so that no duplication can be done in any way. Information related to NFT ownership will be automatically uploaded to the blockchain. Uploading automatically makes it easier for the full check process to be found in the Ethereum network. The recording will be carried out with a high level of transparency so that it can increase consumer confidence in utilizing the ecosystem.

After NFT is visualized, a new asset class will be formed and then mapped, which will initially be associated with traditional merchandise. After the product can be redeemed, it will then be traded as a digital asset independently. Collerix describes innovative technology to restore the luxury of traditional goods. NFT will develop its market value as a digital asset.

Spending a limited amount of NFT is often associated with merchandise at the beginning. These items will be very in demand and have high trade value. Jam, innovative technology kicks as exciting products can also kill traditional elements. Therefore, NFT will develop its market as a digital asset in the form of physical products.

What Benefits Do IP Owners Get By Using NFT?

IP owners have the advantage of using NFT in the ecosystem. The use of the NFT will make the owner have the right to decide whether to maintain the NFT owned as an appreciation value or sell it. Sales can be made on the NFT Marketplace intended for other users. IP owners have choices provided by the platform to provide transaction convenience.

NFT purchases can be made using CIPX as a cryptocurrency applied to the ecosystem. The original owner of the IP design will receive payment for the license as a gift from the trade. All subsequent NFTs generated will be part of the trade price agreed upon by the NFT seller and buyer.

Each IP will only have limited NFT supply, NFT market demand for designs or IP hits will increase. This will be an encouragement to users to gather and empower existing NFT. The Colletrix platform will also introduce more future gamification for NFT holders so that it can provide many benefits through trading and token collection.

Going forward, when the secondary market is strongly formed for physical goods, the platform will also be available. The platform will introduce a second business model where it can pair physical watches that are resold to NFT transfers through smart contracts. NFT ownership will then be transferred automatically to the buyer. That will happen when the seller receives payment for physical goods, and the buyer receives merchandise.

What are the IP Owner License Benefits Programs?

The entire sales record and ownership of the NFT will be uploaded to the Etherum network. That is what can help the original IP owner to see the overall sales figures. Each sales record number will be seen in real time. Besides, a transparent system on blockchain Ethereum technology can guarantee the trust of all records so that authenticity can be ascertained without forgery.

When the IP is stored on the NFT, the owner of the original IP will receive the license prize as a royalty fee. That will be used as part of the NFT trading price agreed between the seller and the buyer of the NFT. Revenue from the sale of luxury items designed by IP owners will be given.

The project will overall enjoy the benefits of the IP owner through the licensed program that is run. The use of NFT will be one of the applications of blockchain technology to facilitate transactions. When NFT becomes more popular and unique, it will become a design attached to the NFT. With its uniqueness, it will increase the likelihood of buyers’ interest to create more value for IP owners.

What is the use of CIPX?

As a platform that adopts blockchain technology, Colletrix uses CIPX tokens as cryptocurrency. CIPX, as a utility token, can be used to purchase merchandise in the NFT trade. CIPX can also be used for other platform payments, including trading fees and license fees that will be given to the original owner. It became one of the facilities of Colletrix that distinguishes it from other platforms.

CIPX can be used for payments for NFT priority purchases. It can be used over time as a form of increasing diversity of NFT models and collectibles. Furthermore, NFT can also be used as an element of pay to play gamification. Colletrix will be a safe and reliable platform for implementing technology using a blockchain basis.

Consumers Can Buy Customized Products

One feature provided by Colletrix is that buyers can buy products that are tailored to their wishes. This feature allows buyers to customize and obtain the desired item with the customized design. It can make you get unique digital tokens with collection values.

You can choose your number and then make customizations. To convince consumers about the authenticity of the product purchased, blockchain technology is used. IP creators can also check the performance of goods in real time with accurate numbers and can be verified against them. With that, the owner can get more income and recognition when products and tokens are traded in the market.

Why Colletrix Platform?

You might need to be convinced to be able to join the leading platform with blockchain technology. Currently, the use of blockchain technology has become a breakthrough in the world of technology. The digital transactions must be developed to supported by a more sophisticated and safe system.

Colletrix develops it all with blockchain technology and applies a high level of security to protect every user. The system applied is also able to provide benefits to IP owners and all parties involved in transactions in the ecosystem. The use of cryptocurrency also makes transactions can be done quickly.

Blockchain technology offers a system with high transparency so that it can provide trust to its users. The use of tokens for payment also helps everyone to transact safely and securely. Every transaction and income can be seen in realtime so that it can increase convenience. You can visit the official website of COlletrix to get the latest information.

How to buy Colletrix?

Colletrix initially offered UNDONE watches to be paired with unique brand designs from partners owned at colletrix.com. That is still the first step to unlock the platform. In the future, Colletrix will introduce additional types of merchandise that can be collected. The variety of other items that can be obtained can vary from the world of sports, entertainment, and partnerships.

All items that can be purchased on the platform can be achieved with more partnerships for IP owners and traders. Merchandise can be purchased using CIPX as a token used in Colletrix. Besides, transactions can also be done with well-known digital currencies such as Bitcoin and Ethereum. Special purchases with CIPX allow buyers to get more discounts compared to other coins.

In addition to the marketplace, Colletrix’s initial plan was to collaborate with UNDONE in creating a market for first-hand merchandise. UNDONE sales will be adjusted to the watch paired with an NFT containing IP. The watch will be sold on the UNDONE and Colletrix sites, also called the Merchandise Marketplace. Customers can purchase merchandise using CIPX. In the future, the business model will continue to be developed for other collections.

Let’s Join Now with Colletrix

You can join by participating in the sales token. It will take place as scheduled. You can get the latest information through the website or interact on social media. You also need to get the latest updates on data to be able to participate on time. Everyone can join in every essential role in the ecosystem. When you want more opportunities, you can become an IP owner and create new merchandise.

The Colletrix token sales have a target of up to the US $ 7,000,000. For private sales rounds, US $ 5,000,000 or CIPX 500,000,000 is available. The IEO round will be available up to US $ 2,000,000 or CIPX 200,000,000. Tokens for sale will range from CIPX 700,000,000. Colletrix will provide 7% for public floats with the individual US $ 5,000 stamp. The oversize adjustment option is in the amount of 12% of the total allotment or CIPX 500,000,000. Private round & IEO vesting period after T + 3 release by 30%, after one-month release 30% and after three-month release by 40%.

Ann Thread: https://bitcointalk.org/index.php?topic=5138397.0

Website: https://www.colletrix.com/

White Paper: https://www.colletrix.com/wp/en/ColletrixWhitepaper_20190517.pdf

Social Media:

https://twitter.com/colletrix

https://www.facebook.com/colletrix.io/

https://t.me/colletrix

Posted by: kurniawan05

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

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

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