The advent of internet has enabled various technologies and innovation to thrive rapidly and successfully. But even as the internet is the backbone of internet of things (IoT) so also is blockchain the backbone of internet of values (IoV).
Internet of Values is simply the exchange of things that are of value to us like assets, stocks, securities, ideas etc. The need for Blockchain in making these transfers lies in the fact that it's easily validated, permanent and instantly from one person to another without an intermediary.
Hence, cryptocurrencies Exchange is a great enabler of internet of values. It's role and importance can not be over emphas
But presently, government agencies and individuals are sitting cross-legged in ardent scrutiny, monitoring the process and activities of the crypto-community.
Problems of the cryptocurrencies Exchange market and management.
Crypto exchange platform have been thriving well, though there has been some incidence of hacks which resulted to loss 120,000 bitcoins in August 2016.
This has instill fear in the minds of non-crypto investors likewise sorrow in the heart of those affected.
Infact platforms normally shutdown because of recurrent and incessant security over-ride.
However the anonymosity of cryptocurrency transactions are believed to be the backbone menu for fraudulent and criminal activities. This is because there's no base point nor third parties involved. It's fulfilled by the execution of smart contracts on the exchange blockchain.
This has made government to to enact AML and KYC to help checkmate illegal money acquisition and laundering but some exchanges refused to fully implement it due to one excuse or another and it resulted to the seizure and frozing of the user's assets and account
Thus, "some management of cryptocurrencies exchanges are usually faced with serious outages during periods of high volatility". This can be understood as there are millions and volumes of transactions being executed within a few seconds at a time. But these exchange platforms always fail to upgrade their system nor reconcile their records afterwards and this has often result to huge losses for traders and investors.
In terms of support and transparency, some exchange markets are not fair enough to their customers as they offer them off-exchange transactions where the trading price is not in line with the current market price. This encourages some traders to cheat and live off other traders earnings/money. In such cases, the exchange management is often reluctant to reply to customers inquiries talk more of providing a steady and adequate customer service. This is to say that some crypto exchange platforms operate with out licence and their customers/users may be in the dark invariably experiencing huge risk and uncertainty as to the authenticity of the platform and the safety of their assets.
Other platforms attach high commission and percentage charges in the transactions.
Most exchanges do not support interoperability (cross-chain) of funds/transactions (e.g from bitcoin blockchain to Etherum and vise versa) thereby making it stressful for customers to convert or liquidate their assets.
Now, the success of bitcoin and ethereum has been graced with the influx of other tokens and altcoins. There has been thousands of ICOs listing on exchanges and generating a lot of money through their ICO. But some months down the line, it became clear that some investors are at loss as the tokens became of little worth (shit coins) and will never go to the moon as promised/expected.
This is a major problem in the cryptos-sphere. As this keeps tarnishing the image of cryptocurrencies and hampering it's growth and full adoption.
There is however a dire need to evaluate and encourage the potential having projects before and during their ICOs to ensure that only the best is listed/supported. Since most ICOs' contribution are made with cryptocurrencies, it is not easy for majority of people to participate because exchange transaction and liquidity are not too friendly at such situation.
Introducing Blockchain.io
Blockchain.io is an exchange platform that combines the features of centralised and decentralised procedures in providing cryptocurrency trading, ICO campaigns/listing and liquidity services.
Backed by BCIO token, and supported by Venture Capital Funding Blockchain.io is an European Exchange platform that is fully compliant to the law (approved by UD Security and Exchange Commission: SEC)
It was founded by Pierre Noizat, the CEO of Paymuim, one of the first bitcoin exchanges worldwide that have more than 170,000 accounts with eight years of profitable existence.
Paymuim trades BTC/EUR pairs and has been hack-free since 2013. Blockchain.io is in partnership with Paymuim and it's users will be the first registered incentivized members. This is to say that in collaboration, Blockchain.io will enable decentralised crypto trading and transactions while Paymuim will settle fiat transactions.
This will be locked in a smart contracts that ensures fair exchange.
Blockchain.io have a veteran team and advisors who are financial experts and engineers. They have utilize the recent dynamic cryptographic protocols to overcome the the problems of interoperability, privacy, Scalability, trading latency and high percentage charges attached to transactions and intermediaries.
Unique and excellent features of Blockchain.io
Blockchain.io uses cryptographic protocols which helps to code or encrypt data from a sender, but readily decrypts at the receivers reach making it impossible for a third party to interfere with.
The cryptographic protocols used are Atomic Swaps (AS), Hashed Timelock Contract (HTLC), Lightening Network (LN), Payment channels, Tumblebit, RSK sidechains, Elixir programming language, FIX, Web/mobile & desktop.
All these ensures a smarter, faster and better trading/transaction experience because Blockchain.io aims at providing a safe, reliable and transparent trading and exchange platform where one can easily trade, convert or liquidate your currencies.
Another awesome features is that Blockchain.io seeks to scrutinise, select, assist and list only legitimate and viable projects/tokens who passed it's set criteria. This will help solve the issue of investors indecision as to what project is worth their investment.
Blockchain.io considers the votes of its community members in its decision and implementation processes.
It will only list coins that are of proof and value.
The unique cryptographic protocols and smart contracts of Blockchain.io will aggregate other engineers industries and DApp builders to sign up nodes.
Blockchain.io Network
Use Case
Sixty five years old Dr. Ken is processing his retirement papers and intends trading cryptocurrency having heard so much about it. He loves the idea as it will help him work from home. But there's a problem. How will he go about it since its not a bank stuff? Where and whom shall he meet?
If he should seek the help of Chris his son, the money will be embezzled.
Four days later, he read in the papers about the first ever Exchange platform that exchanges/trades fiat & crypto while meeting government regulations.
He also read that they will be listing ICOs. That means he can easily grow and diversify his portfolio with the right altcoins and become an ambassador of high quality projects.
Blockchain.io seems to have all the answers to his non-crypto adoption has been posing. ie, from easy entry to sustainable transaction activities to investment and liquidity all in an accessible, secured and scalable manner just with his personal computer.
*What a wonderful gateway to the internet of value!*
Ambitions
Blockchain.io intends to be the best in ICO planning/execution, volume transaction, security and accountability by year 2020.
Is fully ready to comply with upcoming crypto-trading regulations.
Including an enhanced trading platform like P2P lending and margin trading.
Partners
Blockchain.io is in partnership with these reputable enterprises
Newfund, Kima ventures, Avolta partners, Dentsu consulting, Cohen & Gresser and Paymuim.
For more information please visit
https://blockchain.io/
https://blockchain.io/wp-content/uploads/2018/05/BCIO_Manifesto.pdf
https://blockchain.io/wp-content/uploads/2018/05/BCIO_Pitchdeck.pdf
second picture from
https://wp.caribbeannewsnow.com/2018/03/08/the-rise-of-cryptocurrency-in-the-caribbean//
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