Why Do Cryptocurrencies Need Blockchain?

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Even with the crypto revolution gaining more and more momentum by the day, there still seems to be a tangible knowledge gap within this sphere. For example, many people are still not clear as to what the blockchain and crypto assets really are.

Life was quite simple when Bitcoin stood as the lone blockchain, because it allowed the words cryptocurrency and blockchain to be used interchangeably. However, with the maturing of the crypto ecosystem, a large number of blockchains have flourished and become entities unto themselves.

A lot of confusion has ensued, since the term blockchain is now also used within contexts pertaining to P2P delivery systems and decentralized registries, and as a result of this, the word has found use within a host of crypto avenues.

The Blockchain In depth

The blockchain can be visualized as a decentralized system that consists of an array of participants who are motivated to perform actions within the parent ecosystem depending upon the incentives that are provided to them.

When we look at the functional capacity of the blockchain, we can clearly see that this technology is slightly hampered by issues related to the Byzantine Fault Tolerance conundrum.

Byzantine Fault Tolerance (BFT) is a term that describes the capacity of a digital system to resist faults that are incurred when an electronic component failure is observed during the transfer of data.

Since blockchains are decentralized ledgers, they are not controlled by any singular authority or power figure. Thus, there is a chance that third-party miscreants could cause faults within the system as there is real value to be found in these ledgers. Additionally, when BFT is missing, there is a chance of false transactions circulating within the ecosystem, thereby reducing the reliability of the blockchain.

Overview of the BFT model (courtesy of Thomas Marckx)

However, with the advent of Bitcoin, this problem has been severely curtailed. This has occurred primarily due to a protocol called the Proof-of-Work (PoW). It was designed by Satoshi Nakamoto to serve as a probabilistic solution to the Byzantine issue. In fact, there is an e-mail from Satoshi himself in which he discusses this problem in quite a lot of detail.

Why does Bitcoin get so much attention?

Apart from being the first cryptocurrency to enter the digital asset market, Bitcoin also sets the benchmark when it comes to providing users with a host of functional features. To back up a bit, this currency was created by a person (or persons) who goes by the pseudonym Satoshi Nakamoto.

Satoshi first proposed the idea of Bitcoin all the way back in 2008, envisioning this currency to serve as an electronic payment service based entirely on mathematical proofs. The end goal was to create an asset exchange route that was not dependent on centralized institutions such as banks, but which would still be verifiable and secure.

To start off, we can see that Bitcoin is able to largely eliminate problems related to double-spending thanks to the fact that its base layer transactions are immutable and cannot be reversed once they have been executed on the blockchain.

Similarly, it makes use of “confirmation protocols” which require all of the involved parties to validate a transaction, thereby restricting double spending frauds.

Final thoughts

With the blockchain revolution now in full swing, it is quite important to educate potential investors and enthusiasts about the crypto domain as a whole. This will not only help remove common doubts pertaining to this field but will also allow users to make smarter investment choices in the future.

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Bill Gates States Cryptocurrency “Has Caused Deaths in a Fairly Direct Way”

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On Tuesday, Microsoft co-founder and avid philanthropist Bill Gates participated in an Ask-Me-Anything (AMA) session on Reddit, where users of the site present questions on any topic for the billionaire to answer. Among questions of coding semantics and peanut butter sandwiches, one Redditor asked for Gates’ opinion on cryptocurrency.

Redditor /u/Askur1337 asked Gates for his take on cryptocurrencies, to which Gates provided several sentences explaining why he has adopted an unsupportive approach to the recent craze. While many may assume that the technology magnate recognizes the massive potential of cryptocurrency, Gates takes a much more pragmatic view on the emerging tech. 

Gates suggests that the primary use of cryptocurrency is anonymity, which hinders the government’s ability to monitor and prevent malicious activities, such as drug trafficking and terrorism. Gates goes on to state that cryptocurrencies have been responsible for a number of drug related deaths. “Right now crypto currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way.”

Another Redditor, /u/dikkepiemel, reminded Gates that the US Dollar is also used to purchase illegal drugs. Gates responded that USD is different, as physical transactions remove a level of anonymity from the transactions. Things such as “kidnapping payments” are more difficult when they require a real world exchange, according to Gates.

Gates also commented on the recent proliferation of Initial Coin Offerings (ICOs). He sees these new investments as “super risky for those who go long”. It’s evident that Gates has a complete lack of faith in the futures of these new cryptocurrencies.

This negative perception comes as a surprise to veteran cryptocurrency enthusiasts, who likely remember positive remarks made by former richest man in the world several years ago. In a 2014 Bloomberg interview, Gates considered Bitcoin to be “better than currency”, citing values such as speed, cost, and virtuality of the first cryptocurrency.

In 2015, his optimism showed again, when speaking on cryptocurrencies in a Blackchannel interview. He reiterated his earlier sentiments on Bitcoin, but also hinted at the need for other cryptocurrencies to aid the growth of the Bitcoin movement. “We need things to draw on the revolution of Bitcoin,” said Gates.

Given his recent change of heart, it’s very likely that the hype and manipulation associated with the massive growth of cryptocurrency within the past year has made Gates wary of the value of blockchain technology. Either way, similar views have been shared for years by other powerful individuals. It is unlikely that such comments will have a lasting effect on the future of Bitcoin and cryptocurrencies as a whole.

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What Is the MoonLite Project?

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TheMerkle MoonLite Project

Cryptocurrency mining has always been an interesting endeavor, despite its expensive requirements. It seems the MoonLite Project aims to bring more positive attention to this industry. Whether or not they will be successful remains to be seen, as organizing an ICO for such a venture is a bit questionable.

The MoonLite Project in a Nutshell

On paper, the MoonLite Project is certainly intriguing. The team is focusing on bringing more mining support to various cryptocurrencies. More specifically, the group wants to set up mining data centers for Bitcoin, Dash, Litecoin, and Ethereum. All of these currencies can benefit from more mining support to further strengthen their individual networks.

What makes this particular cryptocurrency mining venture even more interesting is that it aims to achieve all of this with 100% sustainable green energy. To be fair, we have seen other mining ventures focus on renewable energy as well. The place to be for such efforts is Iceland, and this project is also targeting that part of Europe right now.

It seems the MoonLite Project will use energy generated through hydro, geothermal and wind sources. All of these types of renewable energy can be found in Iceland, although it remains to be seen how new players will fare in these markets. After all, cryptocurrency mining is very electricity-intensive. By focusing on a handful of currencies, those electricity requirements will only rise to astronomical levels. Without a reliable provider for such energy sources, this project may face a fair few challenges along the way.

There is a good reason why Iceland is so appealing to mining operators, though. With its green energy, the average cost per kWh is a lot lower compared to other countries around the world. Additionally, Iceland’s cold climate will help keep servers cool at all times, removing the need for energy-hungry air conditioning systems. Iceland is quickly becoming the go-to location for any serious cryptocurrency mining company, although there is only so much of a market to be shared.

Even though one can only commend the MoonLite Project for focusing on alternative cryptocurrencies, the company does not yet have the funds to build up their infrastructure. Accordingly, they will organize an ICO to collect money, which is always a bit worrisome for investors. It will take $12 million to be raised before construction of the data centers can even begin, and the team hopes to raise a total of $80 million when everything is said and done. That doesn’t make this project less legitimate necessarily, but it is something to take into account.

For the time being, we will have to wait and see how things play out for the MoonLite Project. Assuming their intentions are genuine, this particular mining operation is something worth keeping an eye on. Do keep in mind the construction of such mining operations will not happen overnight and requires substantial planning. Construction of the data center is expected to commence in early April, and it should be operational in August of this year.

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eBay Seller Scams Customers by Emptying Purchased Paper Wallets

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TheMerkle eBay paper wallet scam

Paper wallets have always been considered to be a great solution for offline cryptocurrency storage. They are convenient and can be prepared in a few minutes. For some reason, people are still actively selling – and buying – pre-generated paper wallets on platforms such as eBay. It is evident this is a disaster waiting to happen.

Never Buy a Pre-Generated Paper Wallet

In theory, there is nothing wrong with letting someone else create a paper wallet on one’s behalf. It is a pretty transparent process, yet it also involves a lot of risks. Given how the wallet’s private and public keys are clearly visible during this process, nothing prevents the person generating this wallet from storing a copy of this information. At some point, users of these pre-generated wallets may find their balances missing as a result.

When looking at the eBay platform, it seems there are still plenty of people selling paper wallets. While this is extremely convenient, it also shows there are a lot of risks out there. Even though some sellers, such as the one mentioned in this BitcoinTalk thread, may appear legitimate, it is usually a matter of time until they run off with people’s money. The cryptocurrency world has its fair share of scammers and thieves. Trust should never be given freely, as it needs to be earned.

As one would expect, the paper wallets purchased from this eBay seller were cleaned out not that long ago. It is possible some of his customers had their details compromised, but the most plausible explanation is that this eBay seller scammed buyers himself. It seems that close to 8 BTC has been stolen from various wallets already, although this number will probably go up in the future. Considering that this seller also offers paper wallets for other cryptocurrencies, it is possible the total losses are a lot higher overall.

Even though the people who purchased these paper wallets are also partially to blame, this type of action should not go unpunished. Whether or not the buyers will ever be able to file any charges against the seller remains to be seen. It is unlikely eBay will be of great help to them, as the company hasn’t been too keen on anything related to cryptocurrencies. It will be quite interesting to see how this story plays out, assuming enough victims come forward to file an official complaint.

If there is one thing to take away from all this, it is that people should never trust a paper wallet generated by someone else. Even if they receive one free of charge, it should never be used to store a large amount of funds by any means. There are many different ways to generate a paper wallet in a secure fashion without relying on any third parties. Doing so in an offline manner is always the best course of action.

Unfortunately, with the influx of novice cryptocurrency users, illicit schemes like this one will continue to thrive. As long as people do not conduct their own research before buying Bitcoin or altcoins, they will flock to convenient solutions first and foremost. Buying a paper wallet from someone else seems to be the preferred approach in this regard. Scams like these will not disappear anytime soon; that much is rather evident.

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Viewly Provides Details on its Upcoming Platform Extension

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First-of-its kind extension will allow people to tip YouTube creators and recommend them into Viewly.

Disclosure: This is a Sponsored Article

Viewly, a decentralized video platform that utilizes the blockchain, is providing new details on its upcoming Viewly demo and extension.

Viewly disrupts the traditional ad-based model that exists for social video viewing. Its decentralized platform takes control away from third-parties like YouTube and Vimeo and puts it in the hands of creators.

The platform utilizes a peer-to-peer network and smart contracts on the blockchain, so creators can utilize fan patronage, micro-payments, sponsorships, memberships, premium content and more to monetize their content.

Viewly raised nearly $8 million in the private pre-sale portion of its ICO, and is now holding its public token sale.

In the coming weeks Viewly will release a demo version of the platform, which will include a world-first in user/network-based token allocation. The demo will include an extension that has a tool allowing YouTube users to “tip” and recommend creators to Viewly. The extension will be fully functional at the end of the ICO. Creators will be able to reach out to their fan base and encourage them to vote them into Viewly faster. Creators will be able to use the VIEW tokens to immediately monetize their content. Viewly will have a queue and will also be carefully selecting the first batch of creators. If the extension is used prior to the end of the token sale, the tokens used will be the “pre-VIEW” tokens (pictures) which will then be converted into VIEW tokens afterwards.

“We’ve built Viewly as a platform that focuses on talent, not just popularity,” said Stefan Furlan, Director of Viewly. “Our goal is to provide creators an immediate way to build revenue streams, without spending all their time trying to build massive audiences.”

Viewly has already added creators to its ranks, including award-winning film producers and directors, production houses, YouTube personalities, comedians and bands.

As long as creators have a loyal audience – even as small as 300 – they’ll have the opportunity to monetize their content and build their business. They won’t even necessarily need payments from their fans; they could be sponsored to revenue share via another business that pays them in VIEW tokens. Smart contracts can be programmed into the tokens and executed on the blockchain without requiring human staff to conduct transactions.

Viewly’s crowdsale will run until a hard cap of $12 million has been reached, or until March 22.

For more information on Viewly or to download the whitepaper, visit https://view.ly/.

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LitePay Postpones Litecoin Debit Card Plans Due to Issues with Card Issuer

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TheMerkle Litepay Litecoin

Litecoin users were quite excited regarding the imminent launch of LitePay. This new service brings LTC to more consumers and retailers, and the associated payment card would have made it easier to spend cryptocurrencies as well. Unfortunately, this new service has been put on hold indefinitely. A lot of people are disillusioned by this turn of events, which is only to be expected.

LitePay Card Registration process Delayed Indefinitely

Anyone who has been paying close attention to developments in the financial and cryptocurrency sectors is all too aware of ongoing payment card issues. More specifically, no company issuing payment cards has been too kind to Bitcoin and other cryptocurrencies as of late. That in itself is not exactly surprising, as Visa and MasterCard have made it very clear they want no part of this ecosystem.

This only became more apparent when Visa shut down the WaveCrest service provider altogether. This Gibraltar-based company was forced to close all of their Visa-issued cards linked to cryptocurrency. Moreover, Visa also revoked the company’s partner license, mainly because they offered such services to cryptocurrency companies. Ever since that time, the cryptocurrency debit card sector has been under a lot of pressure, with no reliable offerings remaining as of right now.

Big was everyone’s surprise when LitePay announced it would go ahead with its card launch on February 26. It was supposed to be a very joyous occasion for Litecoin users all over the world, but a lot of dreams were crushed that day. In an email sent out to its followers, the company explained that its card registration process had been delayed indefinitely.

According to the company, the reason for this delay is “hostile actions by card issuers”. This is anything but surprising, as more experienced users saw this problem coming from miles away. Without an official partnership with Visa or MasterCard in place right now – nor one through intermediaries – the chances of issuing a cryptocurrency debit card are slim to none. For LitePay, this might mean it will never be able to provide this service, although it is still too early to tell what the future holds.

Considering that the Litecoin price skyrocketed after the initial launch announcement, it will be interesting to see what happens to the price next. With this service not launching as advertised, there are still too few use cases for Litecoin as of right now, and spending this altcoin in a convenient manner will not be easy. For now, the LitePay team is looking for a different provider to help them out in this regard.

It is worth noting merchants can still register for the LitePay services as previously announced. That will hopefully elevate Litecoin to a whole new level, although it remains to be seen how much initial interest there will be for this particular service. Cryptocurrencies are still not the most popular payment option in the world as of right now. Changing the public’s perception in this regard will be pretty much impossible without convenient solutions.

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“Bitcoin Core” Is Another Attempt to Discredit Bitcoin Cash

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TheMerkle Bitcoin Core Bitcoin Cash

The last thing the world needs right now is more cryptocurrencies using the Bitcoin name. Things have gotten a bit out of hand in recent months, yet that doesn’t deter teams from trying to bring more “shitcoins” to the table. Bitcoin Core is a new project not to be confused with Bitcoin or the Bitcoin core developers.

Bitcoin Core is a Self-professed Shitcoin

A lot of people are not too amused by the success of Bitcoin Cash. This particular altcoin has performed a lot better compared to what most Bitcoin fans had expected, yet it shows there is also a fair degree of jealousy in this industry. True Bitcoin supporters will claim Bitcoin Cash is a useless altcoin that serves no real purpose. More level-headed people will acknowledge Bitcoin Cash is a better version of Bitcoin, although its on-chain scaling solution is not necessarily ideal in the long term either.

Even though there is plenty of room for both currencies to coexist, some people just like to poke the proverbial sleeping bear. If the so-called Bitcoin Core project is any indication, the spat between Bitcoin and Bitcoin Cash is far from over at this point. In fact, it seems this project is merely designed to make fun of everyone who publicly supports Bitcoin Cash as of right now.

With the Bitcoin Core project’s wallet being called “Core”, things just got even more confusing for novice enthusiasts. That appears to be the main objective of this project, as they want to put more cores in Bitcoin Core than the actual Bitcoin core developers can do. It’s a very childish attitude, but it will certainly strike a chord with a lot of users as well. Making fun of these terms will only lead to more confusion for people who are completely new to Bitcoin, though.

Unlike what people might expect, Bitcoin Core has no intentions of taking itself seriously. Instead, this is yet another campaign to point out flaws associated with Bitcoin Cash. It also appears to be a direct attack on Roger Ver, as he is mentioned on the website quite a few times. There’s also the fact that both Bitcoin Core and Bitcoin Cash are – according to the website – shitcoins. The team also wants Bitcoin Cash to stop “posturing like Bitcoin”.

The political angle associated with this Bitcoin Core “fork” should not be overlooked either. It seems the team is mainly concerned over the alleged censorship taking place on Reddit when it comes to Bitcoin and Bitcoin Cash. Additionally, they seem to take offense to the success of Bitcoin Cash in terms of getting listed on exchanges and having sites drop native Bitcoin support in favor of alternative solutions such as BCH.

It is pretty interesting to keep an eye on projects such as “Bitcoin Core”, though. It is evident some people are desperate to make Bitcoin Cash go away, which only strengthens this altcoin’s position in the market. At the same time, the true Bitcoin core developers are working hard on the Lightning Network to bring Bitcoin’s scaling solution to market as quickly as possible. It will be intriguing to see how things play out as far as these two currencies are concerned.

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What Is Zcoin?

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TheMerkle Zcoin

Even though Bitcoin will remain the world’s leading cryptocurrency for some time to come, there are a lot of competitors to take note of. Zcoin is one of the altcoins bringing more privacy to the cryptocurrency ecosystem as a whole. Its private financial transactions are enabled by the Zerocoin Protocol.

What is ZCoin Exactly?

On the surface, Zcoin attempts to solve Bitcoin’s privacy problem. Even though a lot of people think Bitcoin is anonymous, that is not the case whatsoever. More specifically, there is no anonymity or privacy involved with Bitcoin, but it remains to be seen if Zcoin can do a better job in this regard. At the same time, Zcoin needs to prevent double spending attacks, which is addressed by Bitcoin through its public ledger.

How does ZCoin Work?

There are quite a few aspects of Zcoin worth taking into account. First of all, its implementation of Zerocoin lets anyone turn public coins into private coins. That in itself is pretty interesting, even though doing so does create a mining problem. After all, privacy is not designed to be easy, not even in the world of cryptocurrency.

Another intriguing aspect of Zcoin is that the spending of coins does not require the owner of minted coins to reveal his or her information. This allows for semi-anonymous transactions, even though it is not necessarily a feature most people will be looking for. To most cryptocurrency users, the default process of minting privacy coins will work just fine, although it remains to be seen how the general public responds to this new currency.

Zcoin also boasts some other interesting technologies. With its MTP algorithm, Zcoin has no security centralization problem as Bitcoin does. This is achieved through a process known as Egalitarian Computing, which doesn’t allow any mining entity to gain a competitive advantage. Instead, Zcoin’s protocol establishes the same price/cost for any computation unit across all platforms. There’s also the Znodes infrastructure, which is somewhat similar to masternodes associated with other cryptocurrencies on the market today.

The Road Ahead for ZCoin

Throughout 2018, we will see many interesting developments for the Zcoin project. A decentralized marketplace will be created, which is always something to look forward to. Node peers will benefit from encrypted communication moving forward as well. Moreover, the team wants to focus on addressing potential future scaling concerns. However, no specific details have been announced for any of these.

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What Is Request Network?

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TheMerkle Request Network

Combining the best of cryptocurrency, blockchain, and commerce has not been done on a large scale so far. Request Network is one of the projects designed to do so, although building a decentralized network for payment requests will not be easy. Now is a good time to see what this project is all about.

The Request Network’s Mission

It is evident there is an interesting opportunity ahead for blockchain companies looking at the e-commerce sector. Request Network is a decentralized network built on top of Ethereum which focuses on letting anyone request payments. There are no third parties involved, the project uses an immutable ledger, and it can support virtually any global currency in the world today. Moreover, the solution is built to be compatible with the Internet of Things, which is something to keep an eye on as well.

How Does it all Work?

There are several use cases for Request Network as of right now. Online payments will work similarly to how people interact with PayPal these days. They are secure, seamless, and cheap. Invoicing works in a similar fashion, as anyone can create and share invoices on the Request Network ledger instantly. There are even ways to deal with more advanced payment conditions, including late fees, taxes, and so forth.

Request Network also positions itself as a unique source of data for accounting and auditing. More specifically, it will enable real-time accounting, which is something a lot of service providers are looking forward to. It will also be possible to switch accounting providers without dealing with data migration, as everything is recorded on an immutable chain.

On the IoT front, things will get quite interesting with Request Network. With advanced payment conditions being a native part of this ecosystem, combined with the availability of data in a decentralized manner, there are a lot of possibilities waiting to be explored. The unprecedented transparency provided by this chain is also worth highlighting, as it is of great value to governments, city halls, and even NGOs. 

The REQ Token Explained

Every blockchain-based project has its own native currency these days, and Request Network is no exception. This ecosystem works very differently from similar products, as users receiving payments will pay network fees, which require the native token. With a rather low supply of tokens to go around right now, it is evident that the demand for this token will push its price up as well. However, there doesn’t appear to be a need to hold REQ in order to use the network features, although that may need to be clarified by the team moving forward.

What Comes Next for Request Network?

For now, the company is focusing on the first iteration of this ecosystem on the main net. There is also a strong focus on new partnerships with firms in the accounting, payment, and auditing industries. External audits of the Request Contracts will occur at some point in 2018 as well. There is still a lot of work to be done until this project can go mainstream, but so far, things look pretty decent.

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Here Are the Top 6 Sex-Themed Cryptocurrencies

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TheMerkle SpankChain Adult Industry

Since the mid-2000’s, the sex industry has turned into one of the most profitable markets in the world. To put things into perspective, the porn industry currently rakes in a staggering US$97 billion annually, which is more money than the MLB, NBA, and NFL combined.

Also, with the advent of the blockchain, the sex industry is now experiencing a makeover with many content creators now favoring a decentralized business model to distribute their videos, films, pictures, etc.

Problems faced by the adult industry

With there being so much free pornography available on the internet today, it is very difficult for many adult content providers to earn money for their creations. In addition, the issue of piracy is heavily prevalent within this domain, as most adult material tends to get duplicated and make the rounds on various websites quite quickly.

Despite the massive surge in popularity that the blockchain has experienced in the past couple of years, there has been relatively low interest in developing crypto technologies that cater specifically to the adult content consumer market.

However, in 2017, there were more than a dozen coin offerings that were aimed directly at this segment. These platforms are designed to promote high-quality content access using cryptocurrencies, thereby eliminating issues of piracy, unfair revenue distribution, duplicated content and so on.

How can blockchain benefit the adult market?

  1. Faster Payments: when using blockchain platforms, it is much easier to make payments for audio/visual content. Since everything is governed by smart contracts, alt-assets make content distribution highly efficient.
  2. Streamlined Access: crypto technology provides users with a surefire avenue for uninterrupted content access without having to rely on preexisting hosting services.
  3. Safety: as you may know, credit card theft is extremely common when using adult websites. Thus, by implementing blockchain technology within the online adult market, users can be sure that they are paying the correct amount of money at all times. Also, since all contracts are well-defined in advance, no hidden costs are incurred at a later stage.
  4. Better Content Delivery: the online sex market is full of duplicated content which makes it hard to find new material. However, with blockchain technology, it will become harder to steal content from websites since only users who have purchased the required number of tokens are granted access to a particular audio/video file.

The Top 6 Sex-Themed Cryptocurrencies

One of the earliest crypto players to enter the adult industry, PronCoin offers its users a disruptive technology that was developed to regulate the way adult content is distributed online.

The core team behind this project has over two decades’ worth of experience in this industry and has created a system that can potentially restructure the online porn market through the use of digital assets.

Additionally, PronCoin has partnered with some of the biggest names in the porn industry including:

  • AVN – one of the largest adult news magazines in the world today.
  • XBIZ – an American publisher of news and business information for the sex industry.

When interviewed about their partnership with PronCoin, Zoran Rehar, the CEO of AVN, had the following to say:

Right now, big companies are cashing in and taking money from visitors. We believe that decentralizing everything will be even better for the whole adult community because everyone can participate by uploading videos, sharing videos, posting likes, comments and more. PronCoin reward tokens will be distributed to all who will participate in building and expanding our platforms, including porn stars, expos, shows, strip clubs and so many other access points into our database.

 

 

Spankchain is a blockchain-based platform designed to tackle most of the core issues faced by the adult industry today. It utilizes a decentralized foundation to get rid of middlemen, who more often than not end up receiving the lion’s share of the content revenue.

Additionally, this platform utilizes a governance model that redistributes financial earnings equally among all participants — creators, performers, and fans.

 

The PORN X platform is designed to serve as a payment service providing users with a vast array of pornographic resources along with a digitized payment protocol. It is compatible with any paid service that utilizes a decentralized blockchain.

Not only does the platform use a native token to facilitate internal transactions, but it also provides users with a mobile app that facilitates purchases via QR codes. The app is available for both iOS and Android users and can be used with over 15 of the top crypto assets that are in circulation today.

Lastly, to further increase platform usability, PORN X comes with a plug-in module that allows for instant and efficient crypto payments.

 

OKOIN is an adult content platform that combines the world of porn with that of Virtual Reality (VR). Since the service is completely decentralized, it is able to ensure complete privacy for all of its customers.

As we speak, OKOIN already has more than 500 VR videos on offer for its users. However, the one downside is that the content can only be viewed via the company’s AV module which can be restrictive sometimes.

It is also important to mention that OKOIN has a solid customer base of more than 900,000 users.

 

RedBux is a crypto-driven platform that aims to revolutionize the adult entertainment market by amalgamating content from companies like Wicked Pictures and IWantEmpire to provide users with a library of content that is vast and extensive.

In terms of its functionality, this platform is safe, secure and boasts an architectural framework that has more than six thousand different points for payment.

 

Asspace is an adult social network application that allows individuals of a liberal mindset to interact with one another so as to create a wide array of sexual content such as videos and films.

Additionally, this decentralized network is useful for creating as well as viewing adult content. It comes packed with features that have the potential to disrupt traditional sex content channels so that high-quality material is distributed in a more fair and regulated manner.  

Final Thoughts

With blockchain seeping into nearly every area of our daily existence, it will be interesting to see how the blockchain transforms the online sex industry. As of now, there are already many fully-developed platforms that offer quality content to users via crypto payment channels.

However, for this revolution to gather more momentum, established adult content companies need to come together so that there is more uniformity in terms of streamlined AV delivery.

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