CryptoURANUS Economics: 08/20/18

CryptoCurrencies


Monday, August 20, 2018

Tron-Coin: Defined in CryptoCurrency


Tron-Coin [Tronix-TRX]:











About Tron-Coin [Tronix-TRX]:

Tron is a blockchain-based protocol for a free content entertainment system, allowing each user to freely publish, store and own data.

Tronix-Tron-TRX does this in the decentralized autonomous form, decides the distribution, subscription and push of contents and enables content creators by releasing, circulating and dealing with digital assets, thus forming a decentralized content entertainment ecosystem.

Tronix ix an ERC20 token based on the Ethereum blockchain, acting as the basic unit of account on the platform. 

Introduction:

Tron(TRX) another raising name in blockchain industry, was created by Justin Sun.

Like other crypto projects it is also a decentralized platform which provides the foundation for entertainment ecosystem.

It allows direct access to customers and eliminates any third party in-between content creators and distribution networks.

TRON is about to cover $1 trillion entertainment industry over the globe. It has a large number of employees in Beijing office.

The idea behind this ecosystem is to eliminate the need of big companies and give more rights to people on their content while selling and purchasing.

Influencers:

Jack M: Founder of Alibaba Group has recently stepped in TRON. Alibaba executives have joined TRON development team, so we can say that project is in brilliant hands.
Wei Dai: He is the founder of Ofo. A china’s biggest shared bicycles provider who has invested about 3 billion dollars in TRON.
Feng Li: One of the key early investor who is also connected to Ripple and Coinbase.
Chaoyong Wang: He is Founder of ChinaEquity Group, with market value 2 Billion USD.
Linke Yang: Founder of BTC China, which was at one point “the world’s second-largest bitcoin exchange”.
Shuoji Zhou: Founder of FBG Capital.
Hitters Zhou: Founder of Nebulas.io and ico365.

Technology:

TRON has consensus engine which is core module of the platform.
Consensus engine gets connect to the application by ABCI to form a fault-tolerant state machine. 

All this can be implemented by any programming language. Its software hagiarchy includes Wallet module, blockchain module, and smart contracts.

Advantages:

  • A list of successful investors.
    Users have central ownership of their data.
  • Free public service where content owners have rights than other companies.
  • A big boost in the entertainment industry by a non-profit platform.

Disadvantages:

  • No proven success history yet.
  • Rumors of scam and false statements.
  • Relatively highest number of coins in supply. 
 

Quantum-[QTUM]: Defined in CryptoCurrency


Quantum-[QTUM]: Defined


















About:



Qtum is a decentralized blockchain platform with dApp and turing-coplete smart contract functionalities while still mantaining a an Unspent Transaction Output (UTXO) transaction model.

Qtum employs a Proof of Stake consensus mechanism. QTUM is the underlying value token in the Qtum blockchain.

Introduction:

Qtum (quantum) is a mix of Ethereum and Bitcoin. It uses the most significant smart contracts of Ethereum and Bitcoin’s blockchain to complete its platform.

Qtum used proof of stake 3.0 consensus protocol for verification.

The main idea behind this project was to make smart contract much easier and secure for use with the tag of interoperability with other well-established cryptocurrencies.

Influencers:

Patrick Dai – Founder https://twitter.com/patrickxdai
Jordan Earls – Core Developer https://twitter.com/earlzdotnet
Jeffrey Wernick - Advisor https://qtum.org/en/team

Technology:

  • Qtum, Quantum, Ethereum Virtual Machine & Bitcoin UTXO verification
  • Quantum [Qtum], is a mix of two stable names Ethereum and Bitcoin.
  • Qtum uses the version of Ethereum’s Virtual Machine that makes smart contracts but uses its own custom language for smart contract creation for transactions.
  • Whereas those smart contracts run on the UTXO verification model.

Advantages:

  • Best features of two best coin (mix of Ethereum & Bitcoin).
  • The latest consensus protocol Proof of Stake 3.0.
  • Completability with separate transaction signature.
  • Unspent Transaction outputs (UTXO) model; proven to be best blockchain model.

Disadvantages:

  • There are no minimum staking numbers defined.
  • Doubted history of Co-Founder Patrick Dai who was accused of defrauding.
  • BTC UTXO limitation can create challenges which are avoided by Ethereum. 


ZCash-coin: Defined in CryptoCurrency


ZCash-coin [ZEC]:










Introduction:

ZCash is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem.


It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible.


ZCash uses zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, reciever, ammount) is encrypted, without the possibility of double-spending.

 

The only information that is revealed regarding transactions is the time in which they take place. 



How Zcash creators works:

Zcash encrypts the contents of shielded transactions. 

Since the payment information is encrypted, the protocol uses a novel cryptographic method to verify their validity.

Zcash uses a zero-knowledge proof construction called a zk-SNARK.  

This zk-SNARK was developed by the zcash team of experienced cryptographers based on recent breakthroughs in cryptography. 

These constructions allow the network to maintain a secure ledger of balances without disclosing the parties or amounts involved. 

Instead of publicly demonstrating spend-authority and transaction values, the transaction metadata is encrypted and zk-SNARKs are used to prove that nobody is cheating or stealing. 

Zcash also enables users to send public payments which work similarly to Bitcoin. 

With the support for both shielded and transparent addresses, users can choose to send Zcash privately or publicly. 

Zcash payments sent from a shielded address to a transparent address reveal the received balance, while payments from a transparent address to a shielded address protect the receiving value. 

To learn more about Zcash's zero-knowledge proving scheme for private payments, visit the developers and creators of ZCash here:  zk-SNARKs page



Ontology-Coin: Defined in CryptoCurrency



Ontology (ONT):









Introduction:

What is Ontology Network is a public infrastructure chain project and distributed trust collaboration platform. 

 

The blockchain/distributed ledger network combines distributed identity verification, data exchange, data collaboration, procedure protocols, communities, attestation, smart contract system support, and various industry-specific modules. 

 

Previously an NEO-based token, the ONT has now launched his mainnet. It will serve as the utility token within the platform. 



What is Ontology (ONT):

Ontology is a new high-performance public blockchain project & a distributed trust collaboration platform.

 

Ontology provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems.

 

Ontology blockchain framework supports public blockchain systems and is able to customize different public blockchains for different applications. 

 

Ontology supports collaboration amongst chain networks with its various protocol groups.

 

Ontology will constantly provide common modules on the underlying infrastructure for different kinds of distributed scenarios, such as those for the distributed digital identity framework, distributed data exchange protocol, and so on. 

 

Based on specific scenario requirements, Ontology will continue to develop new common modules.


Important: Ontology [ONT]:

There will be no presale/public sale of ONT. Those who registered to our newsletter will receive 1,000 ONT for free (details and date of which will later be confirmed). Please read this article before asking any related questions.


Ontology Network (Blockchain Service):

Ontology Network is a blockchain/distributed ledger network which combines distributed identity verification, data exchange, data collaboration, procedure protocols, communities, attestation, and various industry-specific modules.


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