Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.
For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
Moving to the topic... There are many problems behind the miraculous development of the digital currency market, such as the falsification of transaction data, security vulnerabilities, the high price of stock quotes, covert operations and low efficiency, which not only cause losses to investors, but also hamper the healthy development of the digital currency market.
For all explained above, the project I am going to present you is HiBTC (HIBT) (http://www.hibtc.com/), a new blockchain-based exchange platform created to discard the tradition exchange mode and build a new type of digital asset exchange that is safe, convenient, transparent and orderly.
The main idea is that when a user makes any transaction on the platform, in addition to obtaining the target assets, he can also obtain HIBT generated by mining, basic dividends and/or dividend bonuses. All data on mining and dividends will be made public in real time and are really transparent and accessible.
The principal objective of HiBTC is to discard the tradition exchange mode and build a new type of digital asset exchange that is safe, convenient, transparent and orderly.
Image Feature Description Security Safety is our highest priority. HiBTC collaborates
with high security companies, using multi-layer firewalls,
multi-signature and hot money bag isolation programs
to maximize the security of users' assets.
Efficiency uses the memory coupling algorithm, handles 2 million
transactions per second;
The value-level API interface is compatible with professional
commercial instructions such as high frequency,
GTT, GTC, FOK, ICO, which provides extensive
technical support to professional investors.
Trading mining In the framework of the "transaction + token holding" model,
50% of HIBT (HiBTC token) is rewarded to users through
mining with transaction processing fees. Holders of
HIBT also enjoy the distribution of income and the
right to participate jointly in business matters.
Income and shared rights Distribute the platform's income regularly to all HIBT
currency holders. Without the establishment of a board
of directors or a shareholders meeting, the right to
make decisions on important issues, income rights, management
rights, etc., will be returned in full to the holders of HIBT.
Currency list mode 1 + 1 Platform selection channel + HIBT holders
recommend the currency issuance channel: A user group
that has 5% or more of the HIBT circulation can
independently recommend a digital currency to log
in to HiBTC.
Transparency and order Disclose all data related to the interests of the user,
including the transaction data of the platform, income data,
mining data, voting data, etc., and be searchable,
traceable and verifiable.
- HiBTC will provide a secure, efficient and convenient digital asset trading platform.
- Each participant can effectively achieve the investment objectives without worrying about the protection of personal privacy or the security of digital assets, regardless of the size of the transaction.
- The professional finance unit will provide investors with a wide range of risk hedging instruments and investment objective options.
- HiBTC is committed to creating a completely transparent, fair and shared investment environment. HiBTC Token (Hibt) is the only token issued by the HiBTC platform, not only as a digital asset, but also representing all the rights and interests of the HiBTC platform.
- HiBTC will regularly assign the platform's income to all HIBT holders.
- Users can voluntarily join the program with part or all of the HIBT that they own, which will enjoy different proportions of dividend bonus in addition to the basic dividends.
The project gives the opportunity to earn HiBTC tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Page. Here (https://bitcointalk.org/index.php?topic=5016151.0) you can access the link in order to see what are the conditions to become an early HIBTcontributor and start acquiring tokens.
For more information about the project, you can visit and read their WhitePaper available here(https://www.hibtc.com/om/about/en-us/whitepaper.pdf). You can also stay tuned in their official Twitter account (https://twitter.com/HiBTC_Exchange) or in their Facebook Fan Page here (https://www.facebook.com/profile.php?id=100027855751559) or received all news following their Telegram Channel (https://t.me/www_HiBTC_com1). I hope you liked the post and soon I'll send you new ones.
Token Description HiBTC Token (HIBT) is the token issued by HiBTC.
The entire HIBT base issued equals the total ownership
of the HiBTC trading platform that adopts an innovative
"trading as mining" model. The total number of HIBTs
issued has been set at 10 billion and will never increase.
Date Event July 14 HiBTC exchange open for registration August 18 Launch of HiBTC Exchange 1.0 September 18 Functions of smart contract listing recommendation and voting made available November 18 Launch of mobile app December 18 Launch of financial derivatives
Email: [email protected]
Telegram username: @clauminghttps://bitcointalk.org/index.php?action=profile;u=1870482
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71