What is Blockchain technology? (part 1) – The Enterprise Architect – Medium
A lot has been written in the press recently about technology. Technology companies, financial institutions and even entrepreneurs are starting to consider the use cases and potential impact of technology. Despite this press coverage and pontification, fundamentally, it seems to me, there is a seriously lack in understanding of what technology is. The motivation behind this series of blog posts is to simplify and demystify technology.
Block chain technology, in my opinion, has three main elements:
1. Transactions
This can be anything that needs to be recorded. Simple example of a transaction is money being transferred from one bank account to another.
2. Decentralised Ledger
This is just a fancy name for a distributed database. “Oh right?” I hear you exclaim followed by “What’s a distributed database?”. You have a database. Lot’s of other people have the same copy of this database. That is a distributed database. By it being distributed it’s decentralised i.e. there isn’t just one central copy of the database. All transactions are recorded in this distributed database known as the Decentralised Ledger.
3. Mining
There needs to be a magical process to add new transactions to all copies of the Distributed Ledger (distributed database). This magical process needs to be able to a) update all copies of the database, b) ensure previous transaction cannot be edited, updated or tampered with. This magical process is known as .
But why is it called a ? What is the point of all this? Where is it useful? What are the advantages? All good questions friends. Stay tuned for part 2.
The Month in Crypto — February 19 – The Month in Crypto – Medium JP Morgan release a cryptocurrency, two bitcoin ETFs under review, Google adds blockchain search tools. The News J.P. Morgan created their own cryptocurrency […]
Investors have been anxiously awaiting the time when those huge brokerage commissions would be no more. Thanks to trade.io that time has come and early investors in this blockbuster ICO will see unheard of profits that they can actually keep without paying out that bulky commission to their “Advisor”.
[Note: This is a press release.]
Zug, Switzerland – On the heels of an announcement of Trade.io’s upcoming ICO, can now confirm that two early adopters of this new financial trading platform will, in fact, use this trading exchange on the first day of operations. In an unusual twist, this development of early adopters will prove to be extremely profitable for early investors of this highly anticipated Initial Coin Offering.
Trade.io has already sent ripples through not only the Financial Sector but also the world of ICO investing as this ICO stands out among the rest. Most Pre-ICO’s although may have great potential, many will ultimately fail due to either a lack of interest or a lack of users. It is important to understand that Trade.io has successfully secured two regulated brokerage firms that will use the platform for trading immediately upon release, which will allow for an immediate expansion of the platform and distribution.
During a recent press event, Jim Preissler, the CEO of Trade.io was quoted as saying, “We’re fortunate to have two regulated brokers, FX Primus Europe (CY) Ltd. (FXPRIMUS) & Primus Capital Markets UK Ltd. (PCM), as early adopters of our platform. In FXPRIMUS we have an EU regulated company with hundreds of thousands of clients which could potentially utilize trade.io’s technology, and in PCM, we have an FCA regulated company with a sterling reputation and world-class regulatory oversight.” Preissler continued, “I feel we’re in a unique position in that we have not yet launched, but are attracting interest to be first in line.”
In addition, also has commitments from private companies who wish to list on its exchange. To this, Mr. Preissler noted:
As part of our investment banking offering, we provide a service where we assist start-up and existing companies in raising capital and eventually listing on our exchange. It’s a unique turnkey type setup, where we handle all the ‘legwork’ at a fraction of the cost and effort of a traditional IPO, so the client can focus on running its business.
Preissler continued:
An interesting company of note who approached us about listing on our exchange was THB Holdings. They are launching an innovative Super Sports Race Franchise called The Human Baton, and have aligned themselves with partners who have worked alongside such superstars as Justin Timberlake and Beyoncé.
As with any Initial Stock Offering, the key is to get in early before the stock hits the exchange. The same concept applies to ICO’s (Initial Coin Offerings). Trade.io is selling 275 million TradeTokens (TIO) via an ICO, with the Pre-ICO starting November 7, 2017. The chance to get in early at a discounted price will end November 22, 2017, when this highly anticipated ICO is set to launch.
To learn more about how to invest in this opportunity or to visit their official website, visit or review their Whitepaper directly at .
bitcoin On-Chain Daily Transactions Spike to 15-Month High The 15-month long bear market isn’t affecting bitcoin adoption and usage, new data shows, as on-chain transactions have hit their highest since early January 2018. bitcoin Usage […]
