create account

Bitquence in a Nutshell - Writeup by boxmining

View this thread on: hive.blogpeakd.comecency.com
· @boxmining ·
$8.28
Bitquence in a Nutshell - Writeup
Bitquence is a company that aims to *create a people-powered new economy services company that makes the cryptocurrency market accessible and trustworthy to the average user, accelerating adoption of blockchain technology and democratizing ownership of cryptocurrencies*. In short, it wants to spread the use of cryptocurrencies to the masses.

## How will Bitquence do this?
Bitquence hopes to achieve this by solving these problems currently plaguing the cryptocurrency ecosystem:

- Being able to easily transfer value across digital assets
- A safe and secure wallet that handles multiple keys
- one-click diversification into multiple crypto assets
- Understanding risk and quality across multiple coins and assets
- Choosing between an ever-growing array of crypto currencies
- providing all the above on an easy-to-use, mobile friendly platform

https://www.youtube.com/watch?v=j9MZ-U9WoE8

## Next-Generation Digital Wallet

With so many different wallets needed for the different cryptocurrencies out there, Bitquence wants to create a single point of interaction with the new economy. The Bitquence Universal Wallet will allow them to bulk transactions together in order to increase liquidity and keep costs down for their consumers.

**Wallet & Liquidity Layer:** The wallet will link to a Bitquence Liquidity Network, based off the Bitquence token. This links programmatically via API into major cryptocurrency exchanges and the Liquidity Network will be decentralized.

**Bitquence Platform Layer:** ​This includes a Community Consensus component for rating individual tokens and cryptocurrencies on technical merit and quality. Ratings will be assigned on the basis of ownership of those currencies within the Bitquence platform.

**Cold Storage:** ​The system will randomly synchronize with cold storage, which will be in a secure location that is not physically attached to the internet.

## Bitquence Token (BQX)

As Bitquence is based off of ERC20, gas is required for it to function.

In short BQX Tokens will :

- Be the payment mechanism for using the Bitquence platform
- Pay for Bitquence cold storage services
- Enable liquidity to help with changes in user asset allocations

Another feature of the token is that users can stake them onto risk profiles. Based on the accuracy of their vote, users may even be rewarded with BQX from the stake pool. This means that experienced users will be rewarded for their knowledge and earn BQX payouts just for using the platform and staking tokens. This also helps newer users gain familiarity to the risks and qualities of different coins, helping drive trust and adoption in the market.


#### Resources:

Bitquence website https://www.bitquence.com/

Bitquence Whitepaper https://www.bitquence.com/wp-content/uploads/2017/05/BitquenceWhitePaper.pdf

*Article posted at http://boxmining.com/bitquence-in-a-nutshell/*
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 42 others
properties (23)
authorboxmining
permlinkbitquence-in-a-nutshell-writeup
categorybitcoin
json_metadata{"tags":["bitcoin","ethereum","bitquence","cryptocurrency","video"],"image":["https://img.youtube.com/vi/j9MZ-U9WoE8/0.jpg"],"links":["https://www.youtube.com/watch?v=j9MZ-U9WoE8","https://www.bitquence.com/","https://www.bitquence.com/wp-content/uploads/2017/05/BitquenceWhitePaper.pdf","http://boxmining.com/bitquence-in-a-nutshell/"],"app":"steemit/0.1","format":"markdown"}
created2017-10-10 07:40:00
last_update2017-10-10 07:40:00
depth0
children17
last_payout2017-10-17 07:40:00
cashout_time1969-12-31 23:59:59
total_payout_value7.081 HBD
curator_payout_value1.199 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length2,882
author_reputation209,363,818,900,816
root_title"Bitquence in a Nutshell - Writeup"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id17,271,834
net_rshares3,341,556,776,110
author_curate_reward""
vote details (106)
@adamantine ·
$0.05
So it's you that was responsible for the rally today!
👍  
properties (23)
authoradamantine
permlinkre-boxmining-bitquence-in-a-nutshell-writeup-20171010t191453928z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-10-10 19:14:51
last_update2017-10-10 19:14:51
depth1
children0
last_payout2017-10-17 19:14:51
cashout_time1969-12-31 23:59:59
total_payout_value0.036 HBD
curator_payout_value0.011 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length53
author_reputation1,319,934,275,951
root_title"Bitquence in a Nutshell - Writeup"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id17,326,254
net_rshares20,089,668,522
author_curate_reward""
vote details (1)
@artakan ·
$0.18
Truly well said! I personally look forward to the future!
👍  
properties (23)
authorartakan
permlink20171010t074024610z
categorybitcoin
json_metadata{"tags":["test"],"app":"steemjs/examples"}
created2017-10-10 07:40:24
last_update2017-10-10 07:40:24
depth1
children0
last_payout2017-10-17 07:40:24
cashout_time1969-12-31 23:59:59
total_payout_value0.180 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length57
author_reputation2,351,335,125,519
root_title"Bitquence in a Nutshell - Writeup"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id17,271,866
net_rshares72,872,574,747
author_curate_reward""
vote details (1)
@balkrishna ·
In my opinion this is a long term passive income opportunity that will be a great income for 2018 and beyond.This can be very lucrative too and can earn you thousands of dollars per month if done correctly. This gives you direct control over your money and trades, no broker is necessary here and NO SELLING, NO RECRUITING AND NO DAILY TASKS NEDD https://ec40a397.usi-tech.info/
The main reason that it made me interested is because I wanted a piece of the Bitcoin action, but I had no idea about good ways to get involved
Please Remember, there always a risk with any investment so be careful and only invest what you can afford to lose. Good luck to everyone! Due your research and your own due diligence before investing anywhere
properties (22)
authorbalkrishna
permlinkre-boxmining-bitquence-in-a-nutshell-writeup-20171010t074431376z
categorybitcoin
json_metadata{"tags":["bitcoin"],"links":["https://ec40a397.usi-tech.info/"],"app":"steemit/0.1"}
created2017-10-10 07:44:27
last_update2017-10-10 07:44:27
depth1
children0
last_payout2017-10-17 07:44:27
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length732
author_reputation-464,476,183,299
root_title"Bitquence in a Nutshell - Writeup"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id17,272,129
net_rshares0
@beterhans ·
Didn't see much difference against jaxx wallet. and jaxx wallet allow you to export private keys.
👍  
properties (23)
authorbeterhans
permlinkre-boxmining-bitquence-in-a-nutshell-writeup-20171010t090245178z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-10-10 09:02:45
last_update2017-10-10 09:02:45
depth1
children0
last_payout2017-10-17 09:02:45
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length97
author_reputation1,227,279,752
root_title"Bitquence in a Nutshell - Writeup"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id17,277,268
net_rshares1,160,631,811
author_curate_reward""
vote details (1)
@blade325 ·
Very interesting idea ill be keeping an eye on this.
properties (22)
authorblade325
permlinkre-boxmining-bitquence-in-a-nutshell-writeup-20171010t151852549z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-10-10 15:18:57
last_update2017-10-10 15:18:57
depth1
children0
last_payout2017-10-17 15:18:57
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length52
author_reputation-5,248,941,516
root_title"Bitquence in a Nutshell - Writeup"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id17,307,417
net_rshares0
@coinlend ·
$0.64
test title
Hi boxmining,
Thanks for the great content
👍  
properties (23)
authorcoinlend
permlinkbitquence-in-a-nutshell-writeup
categorybitcoin
json_metadata""
created2017-10-10 08:05:54
last_update2017-10-10 08:05:54
depth1
children0
last_payout2017-10-17 08:05:54
cashout_time1969-12-31 23:59:59
total_payout_value0.636 HBD
curator_payout_value0.003 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length42
author_reputation2,263,283,097,869
root_title"Bitquence in a Nutshell - Writeup"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id17,273,647
net_rshares258,617,223,549
author_curate_reward""
vote details (1)
@dranren ·
Goodmorning @boxmining , very informative .Yes We should look forward for the future
properties (22)
authordranren
permlinkre-boxmining-bitquence-in-a-nutshell-writeup-20171010t232613614z
categorybitcoin
json_metadata{"tags":["bitcoin"],"users":["boxmining"],"app":"steemit/0.1"}
created2017-10-10 23:26:15
last_update2017-10-10 23:26:15
depth1
children0
last_payout2017-10-17 23:26:15
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length84
author_reputation1,321,309,379,562
root_title"Bitquence in a Nutshell - Writeup"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id17,342,328
net_rshares0
@ilyastarar ·
This one is a coin to watch for a while now. Its ICO price was $0.04 or similar and I saw it rising above $1.25 multiple times. The market has been steady since then and it is around $0.50 at the moment. 

I don't know if it will go lower than this. Probably. The fork thing is causing some serious fall in altcoin prices. But the hype around this coin is great.

I'm not sure if the actual usage of the coin will affect price to which extent. I don't see the use cases justifying a heavy price tag. The platform will be great though.
properties (22)
authorilyastarar
permlinkre-boxmining-bitquence-in-a-nutshell-writeup-20171010t074914578z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-10-10 07:49:18
last_update2017-10-10 07:49:18
depth1
children0
last_payout2017-10-17 07:49:18
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length534
author_reputation22,538,822,918,099
root_title"Bitquence in a Nutshell - Writeup"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id17,272,511
net_rshares0
@jonsimmons ·
Of all these similar ICOs, I wonder who will hit critical mass first, VHS or Betamax? Whoa, here comes Laser Disc (That's a 80's joke for you young Steemers...) The race is on!
properties (22)
authorjonsimmons
permlinkre-boxmining-bitquence-in-a-nutshell-writeup-20171011t123630143z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-10-11 12:36:30
last_update2017-10-11 12:36:30
depth1
children0
last_payout2017-10-18 12:36:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length176
author_reputation10,966,224,239
root_title"Bitquence in a Nutshell - Writeup"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id17,390,685
net_rshares0
@marcusxman ·
Sound like a fund, exchange and credit card all combined together.  Its there currently a working platform because it sounds very complicated!
👍  
properties (23)
authormarcusxman
permlinkre-boxmining-bitquence-in-a-nutshell-writeup-20171010t173611668z
categorybitcoin
json_metadata{"app":"chainbb/0.3","format":"markdown+html","tags":[]}
created2017-10-10 09:36:12
last_update2017-10-10 09:36:12
depth1
children0
last_payout2017-10-17 09:36:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length142
author_reputation1,601,688,281,300
root_title"Bitquence in a Nutshell - Writeup"
beneficiaries
0.
accountchainbb
weight1,500
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id17,279,783
net_rshares6,940,797,745
author_curate_reward""
vote details (1)
@mejustandrew ·
I just like the part with "aims to create a people-powered new economy"
properties (22)
authormejustandrew
permlinkre-boxmining-bitquence-in-a-nutshell-writeup-20171010t075106874z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-10-10 07:51:12
last_update2017-10-10 07:51:12
depth1
children0
last_payout2017-10-17 07:51:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length71
author_reputation6,245,491,946,485
root_title"Bitquence in a Nutshell - Writeup"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id17,272,666
net_rshares0
@mrkstn1 ·
$0.26
Interesting.....this sounds like crypto for dummies....lol that means me.....i am flying blind still so any new ideas that could help me and others like me is worth a view....
👍  , , , , , , , ,
properties (23)
authormrkstn1
permlinkre-boxmining-20171010t383491z
categorybitcoin
json_metadata{"tags":"bitcoin","app":"esteem/1.4.6","format":"markdown+html","community":"esteem"}
created2017-10-10 08:08:03
last_update2017-10-10 08:08:03
depth1
children0
last_payout2017-10-17 08:08:03
cashout_time1969-12-31 23:59:59
total_payout_value0.255 HBD
curator_payout_value0.008 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length175
author_reputation789,824,334,730
root_title"Bitquence in a Nutshell - Writeup"
beneficiaries
0.
accountesteemapp
weight500
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id17,273,791
net_rshares112,206,334,776
author_curate_reward""
vote details (9)
@nasrud ·
whether Bitquence can we use transactions in the form of rupiah/IDR (indonesian currency)
properties (22)
authornasrud
permlinkre-boxmining-bitquence-in-a-nutshell-writeup-20171010t074748084z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-10-10 07:47:51
last_update2017-10-10 07:47:51
depth1
children0
last_payout2017-10-17 07:47:51
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length89
author_reputation12,576,574,013,771
root_title"Bitquence in a Nutshell - Writeup"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id17,272,381
net_rshares0
@screenname ·
Re: Bitquence in a Nutshell - Writeup
<p>This post has been ranked within the top 50 most undervalued posts in the first half of Oct 10. We estimate that this post is undervalued by $15.88 as compared to a scenario in which every voter had an equal say.</p> 
<p>See the full rankings and details in <a href="https://steemit.com/curation/@screenname/the-daily-tribune-most-undervalued-posts-of-oct-10---part-i">The Daily Tribune: Oct 10 - Part I</a>. You can also read about some of our methodology, data analysis and technical details in <a href="https://steemit.com/curation/@screenname/introducing-the-daily-tribune-most-undervalued-posts-of-nov-04---part-i">our initial post</a>.</p>
<p>If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.</p>
properties (22)
authorscreenname
permlinkre-bitquence-in-a-nutshell-writeup-20171010t134758
categorybitcoin
json_metadata"{"replyto": "@boxmining/bitquence-in-a-nutshell-writeup"}"
created2017-10-10 13:48:00
last_update2017-10-10 13:48:00
depth1
children0
last_payout2017-10-17 13:48:00
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length763
author_reputation46,276,338,038,330
root_title"Bitquence in a Nutshell - Writeup"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id17,299,334
net_rshares0
@stevenshen ·
Well explained. I invested a lot on BQX, believe it will be a great project. By the way, I followed you on Youtube and Twitter. Love your videos.
properties (22)
authorstevenshen
permlinkre-boxmining-bitquence-in-a-nutshell-writeup-20171010t084816586z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-10-10 08:48:18
last_update2017-10-10 08:48:18
depth1
children0
last_payout2017-10-17 08:48:18
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length145
author_reputation0
root_title"Bitquence in a Nutshell - Writeup"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id17,276,301
net_rshares0
@syedabuabdillah ·
I am also thinking about this thanks for sharing
👍  
properties (23)
authorsyedabuabdillah
permlinkre-boxmining-bitquence-in-a-nutshell-writeup-20171010t211248495z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-10-10 21:12:54
last_update2017-10-10 21:12:54
depth1
children0
last_payout2017-10-17 21:12:54
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length48
author_reputation102,026,222,318
root_title"Bitquence in a Nutshell - Writeup"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id17,334,494
net_rshares1,009,703,841
author_curate_reward""
vote details (1)
@wintermute ·
Suppoman's favorite, no? Much potential, but seems to be forgotten for now.
properties (22)
authorwintermute
permlinkre-boxmining-bitquence-in-a-nutshell-writeup-20171010t094919400z
categorybitcoin
json_metadata{"tags":["bitcoin"],"app":"steemit/0.1"}
created2017-10-10 09:49:21
last_update2017-10-10 09:49:21
depth1
children0
last_payout2017-10-17 09:49:21
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length75
author_reputation32,740,872,033
root_title"Bitquence in a Nutshell - Writeup"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id17,280,772
net_rshares0