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The “GOOGLE” of the Ethereum Blockchain – Morne Olivier – Medium

The “GOOGLE” of the Ethereum Blockchain – Morne Olivier – Medium

EnjinX when opening

EnjinX | The “GOOGLE” of the Ethereum Blockchain

20/02/2019

You are now finally in charge of your financial transactions! EnjinX “The Ethereum Blockchain Explorer” brings you the Transparency you need to stay up to date with your Blockchain transactions.

In the current Fiat world, we trust our banks to let our payment run smoothly, quickly and securely. I must be honest, I have never liked banks! As an ex-business owner in South Africa, “I have found them to be ridiculously expensive, with very little transparency and seemingly trying to hold on to transaction money for as long as possible to gain maximum interest on rollover funds.”

To get to the point “I think this is all going to change with #Blockchain and #Cryptocurrency.” With products like #EnjinX, you will be able to do just that, have proof of your transactions and be able to see it transparently with your recipients.

In a banking system you aren’t able to track your transaction and if you are transferring money from one Bank to another it can take up to 2 days. If you are doing business with the Cross Border States or Internationally the time frame can get even worse. Where is that money for two days? Think of it like this. I make a transaction to you. The Blockchain transaction makes an ID or Transaction Hash. That ID becomes visible and traceable on the Blockchain and in this Case with EnjinX the #Ethereum Blockchain. The transaction is fast, almost instant and No Bank or third party was involved for a cut in the pie.

With Blockchain Technology you are In Charge! Let’s throw in an Example. I decided to try out a small investment into a new fund the other day, 0xMultiPly.com The fund through #Kyber Network and Kyber Swap offers:

“0xMultiply allows users to trade ETH/ERC20 tokens for 0xMultiply tokens (0xWBTC/0xWETH). Every 0xMultiply holder receives direct earnings in WBTC/WETH every time that anyone else buys the token based on the amounts of tokens held.

This means that as soon as you hold 0xMultiply tokens, you are continuously accumulating “free” WBTC or WETH distributed to you on every transaction based on the amount of 0xMultiply tokens.”

Let’s find my transaction. I copy and paste my Transaction ID into the search enjin of EnjinX.

Copy and Paste Transaction ID

My transaction comes up in a second!

Transaction History

Now I will repeat myself because it is quite a big pill to swallow.

This transaction intern produced an ID on the Ethereum Blockchain. Now we take this ID and place it on the EnjinX Network and there you go, the whole history of the transaction pops up, proof that I paid them and it is set in the Blockchain forever, No paper slip to sign, receipt to keep in a box or phone call to make to the bank to ask how long the transaction will take. Blockchain Proof of Transaction! When transferring funds back to me the Blockchain remembers my Address.

Benefits and Use Cases for EnjinX:

  • No Adds, yes No Adds Ever
  • Fastest transaction search time
  • Supporting bitcoin, Ethereum, Litecoin, and 721 & 1155 collectibles.
  • EnjinX powers your Enjin Wallet

If you don’t know much about the Enjin Wallet read my article here:

Gaming | My Crypto Gateway to the World

I feel this product from Enjin.io was designed to bring transparency amongst its users as it plans to roll out on a huge undertaking in Crypto gaming with the possibility of 100″s of 1000’s of tokens crossing its path, but yet still keep its integrity by providing a gateway of visual proof to its customers.

#Blockchain & #Cryptocurrency | Take Charge Of Your Future #TCOYF by #MorneOlivier for #PassiveCryptoIncome #PCI

Important Links to know about me:

About Morne Olivier

#Disclaimer

#PassiveCryptoIncome

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Published at Wed, 20 Feb 2019 07:10:59 +0000

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Here’s How SonoCoin Is Trying To Use Sound To Transfer Value

Companies are rushing to try and make peer to peer, blockchain based value transfer quicker and simpler right now and this company thinks it’s been able to do just that.


bitcoin just broke through a major resistance level and interest in the space has never been higher. Companies of all shapes and sizes are popping up, looking to take advantage of the rush to develop and establish the blockchain-centric infrastructure that’s going to serve as the foundation for technological advance for many years to come and many of these are conducting ICOs to try and pick up funding. The ICO space, however, and likely as a direct result of the above statement, is pretty crowded right now and a company that wants to stand out and – in turn – to attract investor capital through an initial offering has to serve up something unique. Reports have just hit press that a company called SonoCoin is about to launch its efforts to do just that and, at a glance, the company looks as though it certainly checks the ‘unique offering’ box.

SonoCoin has developed a blockchain based peer-to-peer value transfer system that uses a digitally encrypted audio file as its transfer token. In contrast to bitcoin, which uses a Proof-of-Work (PoW) protocol, SonoCoin uses a Proof-of-Stake (PoS) protocol to verify transactions and, again unlike bitcoin, the exchange token can be sent via any means through which a standard data/audio file can be sent – email, messenger application, etc.

So how does it work?

The company has developed an algorithm that takes a transaction hash, a secret key and the index (which is defined as the number of outputs when the coin was formed) and converts it into a .wav file.

This file can then be sent from one device to another (basically, so long as the devices have a microphone and a speaker that can emit, recognize and interpret sound, which pretty much all mobile devices do right now) and, on receipt, an application (which is already available for some devices) specifically designed to interpret these SonoCoin sound files will record and register the transaction.

And why is this news now?

The company is currently conducting a presale of its tokens and intends to move into the second phase of this presale on December 14, at the end of next week. During phase one and phase two (phase one has been active since this time last week), a total of 30 million coins will be issued. Subsequent to the presale, 40 million coins will be issued as part of the full ICO.

How successful the ICO will be remains to be seen but the assumption is that, post-completion, SonoCoin will look to pick up a listing for its coins on the major exchanges in the space – Bittrex, Poloniex, etc. and it’s at that point that we’ll really get an idea of the market appetite for this sort of alternative-format type value transfer.

Here’s the company’s Whitepaper for anyone looking to get a better idea of how SonoCoin works.

What do you think of this sort of application of blockchain technology? Will the ability to transfer value via sound files aid mainstream adoption of algorithm-based peer-to-peer transactions? Let us know in the comments section below!


Image courtesy of Tess Watson via Flickr

The post Here’s How SonoCoin Is Trying To Use Sound To Transfer Value appeared first on Bitcoinist.com.

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