EscrowCoin was created to solve the problems which exist in today’s Escrow services around the globe, as none of them support Escrow for cryptocurrency. The system’s staking feature was designed to help resolve the problem of transaction fees when using EscrowCoin for Escrow. EscrowCoin will support Escrow services for multiple cryptocurrencies, aiming to create a service that is simple and easy for the everyday user and allowing trading on the crypto currency trading platform . Masternodes will play an important role in resolving any conflict which arises in the system in a decentralized and anonymous manner; and get rewarded for the same. A complete Escrow system will be built on Blockchain Technology in the best possible decentralized manner.
POS (Proof of stake) provides protection to the EscrowCoin network from malicious attacks and provides the staking mechanism that generates revenue for EscrowCoin users.
Get paid with 50% of the block rewards to constantly increase the stability and security of the blockchain.
Provides additional privacy to users and enables lightning fast transactions.
|Block Height||Reward Per Block||% MN Reward||% Staking Reward||MN Reward Coins||Staking Reward Coins|
|1- 225||Pow Phase|
|226- 10000||0.5 Coin||80||20||0.4/block||0.1/block|
|10001- 25000||4 Coins||80||20||3.2/block||0.8/block|
|25001 onwards||8 Coins||80||20||6.4/block||1.6/block|
Sberbank CIB, a subsidiary of Russian banking giant Sberbank, claims it has successfully conducted Russia’s first ever blockchain-powered commercial bond transaction, in conjunction with the central National Settlement Depository (NSD).
Sberbank, in a statement, claimed that it has overseen the issue of corporate bonds in MTS, a Russian telecoms company. The bonds have a six-month maturity period, and are said to be worth some USD 12 million.
NSD, which is owned by Moscow Exchange, the largest exchange group in Russia, says the transaction was carried out on its Hyperledger platform.
Igor Bulantsev, Senior Vice President of Sberbank and the head of Sberbank CIB, said, in a statement, “This transaction has not only allowed us to confirm the reliability, efficiency and security of the blockchain platform, but also once again proved the promise of this technology for the development of Russia's digital economy.”
Eddie Astanin, Chairman of the Board of the National Settlement Depository, stated, “This transaction proves that we are capable of providing high-speed, secure and confidential securities transactions. Our ultimate goal is to create a shared digital asset accounting infrastructure.”
Sberbank has been dubbed the “eternal leader of the blockchain conversation” by Russian journalists, and was the first Russian bank to join the international Enterprise Ethereum Alliance, which connects Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts
Cloud computing company Amazon Web Services (AWS), a subsidiary of an online retail giant Amazon, has partnered with a blockchain incubator ConsenSys to create the two firms' business blockchain cloud service, Kaleido.
Announced at the Consensus 2018 conference in New York on Tuesday, Kaleido is aiming to give AWS customers an "easy button" to get into blockchain without a lot of background knowledge. “They can focus on their scenario and they don't have to become PhDs is cryptography, we give them a simple platform to build their company on blockchain,” said Steve Cerveny, one of the founders of Kaleido, CNBC reports.
Matt Yanchyshyn, the global technical lead for AWS' partner program, told CoinDesk, “We have been following Ethereum closely as it's what many of our customers have been exploring, especially for enterprise use cases,” although he stresses that AWS is “protocol-agnostic,” as the company also supports Hyperledger's Sawtooth and R3's Corda platforms.
“Kaleido is the first managed blockchain SaaS (Software as a Service) available on AWS Marketplace and is available in AWS regions across the world,” AWS said in their official statement on their website.
Joseph Lubin, co-founder of Ethereum and founder of ConsenSys, adds in the same statement that, “We believe Kaleido will become a de-facto standard and a global blockchain platform for business, providing an underlying foundation that until today was missing from the enterprise toolkit.”
This is not Amazon’s first venture into blockchain, and neither is it the first for their AWS subsidiary: most recently, AWS unveiled a new service in April for launching out-of-the-box blockchain networks for the Ethereum and Hyperledger Fabric protocols.
Warren Buffett, the legendary stock investor and long-time bitcoin skeptic, reignited the discussion how to best value bitcoin and other cryptoassets.
Many attempts have been made to apply valuation formulas from the world of traditional finance onto cryptoassets, but most of these attempts have failed when it comes to understanding the real value drivers behind this new class of digital assets.
In a recent interview with Yahoo Finance, Buffet argued that bitcoin and other cryptocurrencies could not be considered “investments” since they do not “produce anything.”
According to the Prophet of Omaha, traditional investments like “a farm, apartment house, or an interest in a business” can be expected to deliver a return by itself, which is what makes it an investment per definition.
“Now if you buy something like bitcoin or some cryptocurrency, you don’t really have anything that has produced anything. You’re just hoping the next guy pays more,” Buffet argued.
“You aren’t investing when you do that. You’re speculating. There’s nothing wrong with it. If you wanna gamble somebody else will come along and pay more money tomorrow, that’s one kind of game. That is not investing,” the legendary stock investor continued.
What cryptoassets produce
Not everyone agrees with Buffet’s reasoning on that.
Fred Wilson, a New York-based venture capitalist, takes on Buffet’s claim that cryptoassets don’t “produce anything” by pointing out in a blog post that “cryptoassets produce decentralized infrastructure.”
“Bitcoin has produced a transaction processing infrastructure that looks a lot like Amazon Web Services (something I am sure Buffett would agree is extremely valuable),” Wilson wrote on his popular technology and investing blog AVC.com.
Wilson does agree with Buffet, however, that it is very difficult to determine the intrinsic value of bitcoin. For that, most people in the community today relies on models developed by Chris Burniske, a partner at Placeholder, a New York venture firm that specializes in cryptoassets, and others, laid out in a book Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond.
Determining Bitcoin’s Intrinsic Value
Firstly, Burniske is not alone for arguing that the term “market cap” is misrepresenting when it comes to cryptoassets, and that a more appropriate term to use is “network value,” since cryptoassets are not companies, but instead represent a new asset class.
According to Burniske, the valuation formula we should then use to determine the intrinsic value of cryptoassets is “network value-to-transactions ratio,” or NVT.
To calculate the NVT of a cryptoasset, the network value is divided by the transaction volume of the asset we want to examine.
The reasoning behind this valuation method is that transaction volume is to a cryptoasset what GDP is to a country. In other words, we must look at the underlying activity to understand the intrinsic value of a token. This is where the true value of a cryptoasset comes from, not revenue and profits as the case is for companies.
Burniske shared his approach to crypto valuation during the Business of Blockchain event hosted by MIT Technology Review recently. Although he acknowledges that the science behind determining an intrinsic value of cryptoassets is contentious at best, he argues that the best approach we have at the moment is the NVT.
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