Cryptocurrency Exchange Nebula to Launch in February, With Unique Reputation System

Source : Cryptocurrency Exchange Nebula to Launch in February, With Unique Reputation System Nebula, a cryptocurrency exchange which aims to provide support for cryptocurrencies that struggle to find affordable listing, will launch by the end of February with a unique reputation system. On major cryptocurrency exchanges like Binance and Bitfinex, it is difficult to find cryptocurrencies with small market valuations and shallow order books, because large cryptocurrencies tend to list cryptocurrencies with the potential to attract high profile buyers and large-scale traders. As such, cryptocurrency traders rely on exchanges like Huobi and OKEx for small market cap coins. According to the Nebula development team, the exchange was built specifically to support orphaned projects that could not find affordable listing. It will be able to support cryptocurrencies and blockchain projects left out by major cryptocurrency trading platforms. Some exchanges impose a listing fee in the range of $50,000 to over $500,000, which is realistically not possible for small cryptocurrencies and blockchain projects to afford. With a 0.1 percent fee and small taker fees with lower listing fees, Nebula is eyeing to take over the niche market of orphaned projects and small cryptocurrencies, which most exchanges have overlooked in the past two years. Uniquely, Nebula also allows users and traders to rate projects with a reputation system, similar to how products are rated on e-commerce platforms like Amazon. Scams, worthless investments, pump & dumps, and projects with no substance, clear vision, and strong developers will receive poor ratings, giving newcomers and casual traders a more efficient method of segregating projects. Projects with high ratings will be rewarded by being advertised on the front page of the exchange, giving more exposure to traders and investors on the trading platform. A large interactive nebula cloud with 20 distinct stars will have the logos of the top 20 volume cryptocurrencies. The majority of investors and traders in the global cryptocurrency market has criticized many exchanges, even large-scale trading platforms, for failing to transparently disclose the structure of their companies and legal registrations. Nebula Exchange, a fully Know Your Customer (KYC) compliant exchange with margin trading, is registered in Singapore with a company called ChainTrade, which already have a commercial businesses of its own that enables the trading of commodities on the blockchain such as food and raw materials. In light of recent security breaches and hacking attacks, such as the theft of over $530 million worth of NEM from Japanese trading platform Coincheck caused by the usage of hot wallets, Nebula implemented a robust multi-signature system to protect user funds and operate a cold storage wallet to store the funds of traders safely, offline. The team, led by CEO Vincent Jacques and CMO Nathan Collins, have significant trader and entrepreneur experience, and are confident that it can address the concerns, requirements, and demands from the cryptocurrency community. The post Cryptocurrency Exchange Nebula to Launch in February, With Unique Reputation System appeared first on NewsBTC.

BLZ token lists on Cryptocurrency Exchanges

Source : BLZ token lists on Cryptocurrency Exchanges Blockchain-based database provider Bluzelle, has announced that its cryptographic token BLZ has been listed by the Huobi.pro crypto exchange. The new listing follows the addition of BLZ to the Binance cryptocurrency exchange earlier this month. Bluzelle provides a decentralized, on-demand, scalable data storage and management service for decentralized applications that some have called the ‘Oracle for dApps’. The team is comprised of media and technology professionals who have worked with global companies, including Google, IBM, HSBC, Disney, Microsoft and others. Bluzelle’s engineering team is experienced in Machine Learning, AI, Cognitive Science, Blockchain, Fintech and Cybersecurity. Pavel Bains, Bluzelle CEO, said: “We’re excited about listing BLZ on Huobi.pro. This will help provide greater liquidity and efficiency for participants in the Bluzelle ecosystem, enabling them to easily trade BLZ to power their use of the platform.” The company closed its three-day Initial Coin Offering in January with $19.5 million in funding from the sale of 165 million tokens. Listing the BLZ token on Huobi.pro provides effective access to BLZ tokens for those who missed out on the ICO. Bluzelle’s decentralized Database-as-a-Service will offer app developers, SME developers and enterprises benefits compared to centralized cloud solutions: removing points of failure, increasing the efficiency of scaling, providing improved privacy and immutability of data and enhancing overall performance. Huobi.pro is a global crypto exchange serving millions of global traders in more than 130 countries, with service centres in Beijing, Chengdu, Hong Kong, Seoul, Shenzhen, Singapore and Tokyo. It features an advanced distributed system architecture built to protect against DDoS and other potential threats.

BLZ token lists on Cryptocurrency Exchanges

Source : BLZ token lists on Cryptocurrency Exchanges Blockchain-based database provider Bluzelle, has announced that its cryptographic token BLZ has been listed by the Huobi.pro crypto exchange. The new listing follows the addition of BLZ to the Binance cryptocurrency exchange earlier this month. Bluzelle provides a decentralized, on-demand, scalable data storage and management service for decentralized applications that some have called the ‘Oracle for dApps’. The team is comprised of media and technology professionals who have worked with global companies, including Google, IBM, HSBC, Disney, Microsoft and others. Bluzelle’s engineering team is experienced in Machine Learning, AI, Cognitive Science, Blockchain, Fintech and Cybersecurity. Pavel Bains, Bluzelle CEO, said: “We’re excited about listing BLZ on Huobi.pro. This will help provide greater liquidity and efficiency for participants in the Bluzelle ecosystem, enabling them to easily trade BLZ to power their use of the platform.” The company closed its three-day Initial Coin Offering in January with $19.5 million in funding from the sale of 165 million tokens. Listing the BLZ token on Huobi.pro provides effective access to BLZ tokens for those who missed out on the ICO. Bluzelle’s decentralized Database-as-a-Service will offer app developers, SME developers and enterprises benefits compared to centralized cloud solutions: removing points of failure, increasing the efficiency of scaling, providing improved privacy and immutability of data and enhancing overall performance. Huobi.pro is a global crypto exchange serving millions of global traders in more than 130 countries, with service centres in Beijing, Chengdu, Hong Kong, Seoul, Shenzhen, Singapore and Tokyo. It features an advanced distributed system architecture built to protect against DDoS and other potential threats.

20+ South Korean Cryptocurrency Exchanges Voluntarily Undergo Evaluations

Source : 20+ South Korean Cryptocurrency Exchanges Voluntarily Undergo Evaluations Regulation Over twenty cryptocurrency exchanges in South Korea have agreed to undergo evaluations, including the country’s top four exchanges: Upbit, Bithumb, Coinone, and Korbit. This is part of their self-regulatory efforts, in conjunction with the Korean Blockchain Association.Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten21 Exchanges Participating So FarThe Korean Blockchain Association, an industry group formally launched in January with 66 members, is primarily focused on self-regulation. The association, “composed of 33 virtual currency exchanges, said 21 of its members, including major players Upbit, Bithumb, Korbit, and Coinone, will undergo evaluations,” Yonhap reported on Wednesday.According to local media, crypto exchanges that have confirmed their participation in self-evaluation include Glosfer, Nexcoin, Zeniex, Kairex, Kcx Exchange, Komid, Coinway, Coinzest, Plutus DS, Dexko, Gopax, Okcoin Korea, and Huobi Korea.The main purpose of the evaluations is to determine if members have complied with a set of self-regulatory measures that the group has set.An official of the association was quoted by Asia Economy saying, “I respect member companies’ willingness to create a secure cryptocurrency market…We will make efforts to ensure strict and fair self-regulatory review.” Kim Hwa-joon, vice chairman of the association, was quoted by Zdnet detailing:It will include capital standards, security standards, principles on listing procedures, disclosure of information, etc, and I expect investors to believe that they [exchanges] are more stable if they have passed the examination.According to data collected by the Korean government, sales by local cryptocurrency exchange operators soared approximately 88-fold in 2017 compared to the previous year.Self-Regulatory Efforts ChallengedThe association first announced self-regulation in December when the government introduced a set of cryptocurrency measures to curb speculation in the crypto market. It “also established a set of specific ethical codes for the virtual currency bourses, including strict rules on insider trading and market manipulation,” Yonhap noted.However, recently small and medium-sized exchanges have been voicing concerns regarding the effectiveness of joining the association and declaring self-regulation. They were led to believe that, by joining the association, they would be able to obtain virtual accounts from banks after the government-mandated real-name system went into effect.However, following the implementation of the real-name system, banks are reluctant to issue virtual accounts to small and medium-sized exchanges, choosing only to provide services to the country’s top four exchanges.Earlier this week, twelve crypto exchanges including Gopax, Coinnest, and Coinpia, sent a joint statement to the association, requesting a meeting to discuss the issue of virtual account issuance.Kim acknowledged the problem and was quoted by Fntimes saying:Disputes may arise in operating the organization..We are trying to solve this problem.The association has also discussed the problem with Choi Heung-sik, the director of the country’s Financial Supervisory Service (FSS). He promised to encourage banks to work with more crypto exchanges, citing that there are three banks that have set up the real-name system but are not using it to issue virtual accounts for crypto exchanges.What do you think of South Korean crypto exchanges voluntarily undergoing evaluations? Let us know in the …

Plus…20+ South Korean Cryptocurrency Exchanges Voluntarily
Undergo Evaluations

20+ South Korean Cryptocurrency Exchanges Voluntarily Undergo Evaluations

Source : 20+ South Korean Cryptocurrency Exchanges Voluntarily Undergo Evaluations Over twenty cryptocurrency exchanges in South Korea have agreed to undergo evaluations, including the country’s top four exchanges: Upbit, Bithumb, Coinone, and Korbit. This is part of their self-regulatory efforts, in conjunction with the Korean Blockchain Association. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten 21 Exchanges Participating So Far The Korean Blockchain Association, an industry group formally launched in January with 66 members, is primarily focused on self-regulation. The association, “composed of 33 virtual currency exchanges, said 21 of its members, including major players Upbit, Bithumb, Korbit, and Coinone, will undergo evaluations,” Yonhap reported on Wednesday. According to local media, crypto exchanges that have confirmed their participation in self-evaluation include Glosfer, Nexcoin, Zeniex, Kairex, Kcx Exchange, Komid, Coinway, Coinzest, Plutus DS, Dexko, Gopax, Okcoin Korea, and Huobi Korea. The main purpose of the evaluations is to determine if members have complied with a set of self-regulatory measures that the group has set. An official of the association was quoted by Asia Economy saying, “I respect member companies’ willingness to create a secure cryptocurrency market…We will make efforts to ensure strict and fair self-regulatory review.” Kim Hwa-joon, vice chairman of the association, was quoted by Zdnet detailing: It will include capital standards, security standards, principles on listing procedures, disclosure of information, etc, and I expect investors to believe that they [exchanges] are more stable if they have passed the examination. According to data collected by the Korean government, sales by local cryptocurrency exchange operators soared approximately 88-fold in 2017 compared to the previous year. Self-Regulatory Efforts Challenged The association first announced self-regulation in December when the government introduced a set of cryptocurrency measures to curb speculation in the crypto market. It “also established a set of specific ethical codes for the virtual currency bourses, including strict rules on insider trading and market manipulation,” Yonhap noted. However, recently small and medium-sized exchanges have been voicing concerns regarding the effectiveness of joining the association and declaring self-regulation. They were led to believe that, by joining the association, they would be able to obtain virtual accounts from banks after the government-mandated real-name system went into effect. However, following the implementation of the real-name system, banks are reluctant to issue virtual accounts to small and medium-sized exchanges, choosing only to provide services to the country’s top four exchanges. Earlier this week, twelve crypto exchanges including Gopax, Coinnest, and Coinpia, sent a joint statement to the association, requesting a meeting to discuss the issue of virtual account issuance. Kim acknowledged the problem and was quoted by Fntimes saying: Disputes may arise in operating the organization..We are trying to solve this problem. The association has also discussed the problem with Choi Heung-sik, the director of the country’s Financial Supervisory Service (FSS). He promised to encourage banks to work with more crypto exchanges, citing that there are three banks that have set up the real-name system but are not using it to issue virtual accounts for crypto exchanges. What …

Plus…20+ South Korean Cryptocurrency Exchanges Voluntarily Undergo Evaluations

20+ South Korean Cryptocurrency Exchanges Voluntarily Undergo Evaluations

Source : 20+ South Korean Cryptocurrency Exchanges Voluntarily Undergo Evaluations Over twenty cryptocurrency exchanges in South Korea have agreed to undergo evaluations, including the country’s top four exchanges: Upbit, Bithumb, Coinone, and Korbit. This is part of their self-regulatory efforts, in conjunction with the Korean Blockchain Association. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten 21 Exchanges Participating So Far The Korean Blockchain Association, an industry group formally launched in January with 66 members, is primarily focused on self-regulation. The association, “composed of 33 virtual currency exchanges, said 21 of its members, including major players Upbit, Bithumb, Korbit, and Coinone, will undergo evaluations,” Yonhap reported on Wednesday. According to local media, crypto exchanges that have confirmed their participation in self-evaluation include Glosfer, Nexcoin, Zeniex, Kairex, Kcx Exchange, Komid, Coinway, Coinzest, Plutus DS, Dexko, Gopax, Okcoin Korea, and Huobi Korea. The main purpose of the evaluations is to determine if members have complied with a set of self-regulatory measures that the group has set. An official of the association was quoted by Asia Economy saying, “I respect member companies’ willingness to create a secure cryptocurrency market…We will make efforts to ensure strict and fair self-regulatory review.” Kim Hwa-joon, vice chairman of the association, was quoted by Zdnet detailing: It will include capital standards, security standards, principles on listing procedures, disclosure of information, etc, and I expect investors to believe that they [exchanges] are more stable if they have passed the examination. According to data collected by the Korean government, sales by local cryptocurrency exchange operators soared approximately 88-fold in 2017 compared to the previous year. Self-Regulatory Efforts Challenged The association first announced self-regulation in December when the government introduced a set of cryptocurrency measures to curb speculation in the crypto market. It “also established a set of specific ethical codes for the virtual currency bourses, including strict rules on insider trading and market manipulation,” Yonhap noted. However, recently small and medium-sized exchanges have been voicing concerns regarding the effectiveness of joining the association and declaring self-regulation. They were led to believe that, by joining the association, they would be able to obtain virtual accounts from banks after the government-mandated real-name system went into effect. However, following the implementation of the real-name system, banks are reluctant to issue virtual accounts to small and medium-sized exchanges, choosing only to provide services to the country’s top four exchanges. Earlier this week, twelve crypto exchanges including Gopax, Coinnest, and Coinpia, sent a joint statement to the association, requesting a meeting to discuss the issue of virtual account issuance. Kim acknowledged the problem and was quoted by Fntimes saying: Disputes may arise in operating the organization..We are trying to solve this problem. The association has also discussed the problem with Choi Heung-sik, the director of the country’s Financial Supervisory Service (FSS). He promised to encourage banks to work with more crypto exchanges, citing that there are three banks that have set up the real-name system but are not using it to issue virtual accounts for crypto exchanges. What …

Plus…20+ South Korean Cryptocurrency Exchanges Voluntarily Undergo Evaluations

VeChain Worth Nears $7 By way of Strong Features Over Bitcoin and Ethereum

Source : VeChain Worth Nears By way of Strong Features Over Bitcoin and Ethereum VeChain has confirmed to be one of many extra intriguing blockchain initiatives in existence immediately. As such, the VeChain worth is appreciating as of late, which is fairly fascinating to keep watch over. As of proper now, the VeChain worth is sort of above $7 once more, which appears to point this altcoin is nicely underway to achieve a brand new all-time excessive sooner or later. VeChain Worth Notes Robust Features It’s all the time intriguing to see how nicely some altcoins carry out even when prime currencies should not exhibiting any signal of momentum in any respect. For now, it appears the highest altcoins are caught in sideways momentum as a result of the worth per BTC goes up as we converse. This isn’t fully unusual, although, because the Bitcoin worth going up usually leads to decrease altcoin/BTC ratios, and thus a steady USD worth typically. Within the case of VeChain, nonetheless, issues are actually evolving in an fascinating route as we converse. Extra particularly, the foreign money has seen a pleasant worth appreciation over the previous few hours. Because of a strong 16.13% enhance in USD worth, the VeChain worth is climbing shortly and may be very near surpassing $7 once more. It’s nonetheless far-off from an all-time excessive, however issues should not trying all that dangerous as of proper now both. Additionally it is price noting the VeChain worth isn’t affected by Bitcoin or Ethereum worth adjustments. In reality, the altcoin has gained 10.75% over Bitcoin and 16.17% over Ethereum. Many individuals are disillusioned with the Ethereum worth not transferring up alongside Bitcoin proper now, however that state of affairs will flip round sooner or later, by the look of issues. The VeChain worth isn’t impeded by both foreign money proper now, which is slightly good to see within the altcoin sector. With simply over $188.1m in 24-hour buying and selling quantity, the demand for VEN is actually seen throughout the exchanges. Particularly with most prime 10 altcoins noting volumes that are a good bit decrease, VeChain is at the moment heading in the right direction on this regard. Given the speculative nature of all cryptocurrencies, it stays to be seen how this may have an effect on the VeChain worth in the long run, although. If the quantity retains up, we may even see some fascinating developments sooner or later. Binance remains to be the most important trade relating to VeChain buying and selling quantity. Their lead over Lbank is kind of substantial, and Binance additionally takes the third spot throughout the trade listings as we converse. Their BTC, ETH, and BNB pairs are all within the prime 7, which is fairly spectacular. Huobi’s three buying and selling markets – BTC, USDT, and ETH – rank fourth to sixth with considerably comparable volumes throughout all pairs proper now. For now, it’s troublesome to foretell what is going to occur to the VeChain …

Plus…VeChain Worth Nears $7 By way of Strong Features Over Bitcoin and Ethereum

What is Raiden Network Token (RDN)? A Complete Beginner’s Guide

Source : What is Raiden Network Token (RDN)? A Complete Beginner’s Guide Table Of Contents The Raiden Network Token is the native currency of the Raiden Network, which operates in a similar fashion to Blockstream’s Lightning Network, while staying true to the open source paradigm followed by its core team. The Raiden Network describes its protocol as a means for “fast, cheap, scalable token transfers for Ethereum,” and the protocol is meant to complement Ethereum such that it can become a global scale payment infrastructure – for everyday purchases by all of us – as well as for the upcoming machine-to-machine economy. This protocol will allow for Ethereum compatible tokens (ERC-20) to be utilized. One of the biggest hurdles in development of blockchain is scalability. Huge fees combined with long confirmation times make the idea of mass adoption of Ethereum (and other blockchains such as Bitcoin) unrealistic at the moment. The Raiden Network may change all of that. It is Ethereum’s off chain layer that will provide instant transactions for a fraction of the price regardless of the number of transactions being processed in the network. About RDN The Raiden Network project is being developed by Germany’s Brainbot Technologies AG, which members of the Enterprise Ethereum Alliance that boasts names like Microsoft, Intel, Cisco and British Petroleum. Brainbot is a software company devoted to blockchain protocol development, and in addition to Raiden, Brainbot is also known for their other projects such as Trustlines and Hydrachain. The current team of Brainbot Technologies consists of 11 people, who are extremely active on Github. Founded in the year 2000 by Heiko Hees, who was deeply involved with Ethereum in its early days when it wasn’t certain if the project could be commercially viable. Hees has been a core developer of Ethereum since March 2014 with a previous experience of founding two companies: PediaPress and Die Firma GmbH. The Raiden Network definitely sounds great on paper. However, the ICO was never supposed to happen and there was never supposed to be a token attached to it. This could be attributed to the difficulty of highlighting a wide variety of projects they are currently undertaking on one page. However, while various sources suggest the project is delayed, there are no updates on the status of the Raiden Network Project on either Twitter or Medium since December 1st, 2017. Key features of Raiden Network Token (RDN) The Raiden Network is essentially Ethereum’s solution to scalability issues that will introduce high-speed asset transfers for the Ethereum network. Raiden is very similar to the Lightning Network, enabling near-instant, low-fee, scalable, and privacy-preserving payments. According to the Raiden Network’s official website, before the wide-scale adoption of blockchain payments occur, this protocol must be able to handle roughly 100,000,000 million transfers per second without running into any problems, which would be quite a significant breakthrough, as such a high number of transactions can become a serious threat to existing financial payment networks, all of which are more expensive to use. At present Ethereum can support only 13 transactions per second,  while Visa processes an average 4,000 transactions per second. This …

Plus…What is Raiden Network Token (RDN)? A Complete Beginner’s Guide

What is Raiden Network Token (RDN)? A Complete Beginner’s Guide

Source : What is Raiden Network Token (RDN)? A Complete Beginner’s Guide Table Of Contents The Raiden Network Token is the native currency of the Raiden Network, which operates in a similar fashion to Blockstream’s Lightning Network, while staying true to the open source paradigm followed by its core team. The Raiden Network describes its protocol as a means for “fast, cheap, scalable token transfers for Ethereum,” and the protocol is meant to complement Ethereum such that it can become a global scale payment infrastructure – for everyday purchases by all of us – as well as for the upcoming machine-to-machine economy. This protocol will allow for Ethereum compatible tokens (ERC-20) to be utilized. One of the biggest hurdles in development of blockchain is scalability. Huge fees combined with long confirmation times make the idea of mass adoption of Ethereum (and other blockchains such as Bitcoin) unrealistic at the moment. The Raiden Network may change all of that. It is Ethereum’s off chain layer that will provide instant transactions for a fraction of the price regardless of the number of transactions being processed in the network. About RDN The Raiden Network project is being developed by Germany’s Brainbot Technologies AG, which members of the Enterprise Ethereum Alliance that boasts names like Microsoft, Intel, Cisco and British Petroleum. Brainbot is a software company devoted to blockchain protocol development, and in addition to Raiden, Brainbot is also known for their other projects such as Trustlines and Hydrachain. The current team of Brainbot Technologies consists of 11 people, who are extremely active on Github. Founded in the year 2000 by Heiko Hees, who was deeply involved with Ethereum in its early days when it wasn’t certain if the project could be commercially viable. Hees has been a core developer of Ethereum since March 2014 with a previous experience of founding two companies: PediaPress and Die Firma GmbH. The Raiden Network definitely sounds great on paper. However, the ICO was never supposed to happen and there was never supposed to be a token attached to it. This could be attributed to the difficulty of highlighting a wide variety of projects they are currently undertaking on one page. However, while various sources suggest the project is delayed, there are no updates on the status of the Raiden Network Project on either Twitter or Medium since December 1st, 2017. Key features of Raiden Network Token (RDN) The Raiden Network is essentially Ethereum’s solution to scalability issues that will introduce high-speed asset transfers for the Ethereum network. Raiden is very similar to the Lightning Network, enabling near-instant, low-fee, scalable, and privacy-preserving payments. According to the Raiden Network’s official website, before the wide-scale adoption of blockchain payments occur, this protocol must be able to handle roughly 100,000,000 million transfers per second without running into any problems, which would be quite a significant breakthrough, as such a high number of transactions can become a serious threat to existing financial payment networks, all of which are more expensive to use. At present Ethereum can support only 13 transactions per second,  while Visa processes an average 4,000 transactions per second. This …

Plus…What is Raiden Network Token (RDN)? A Complete Beginner’s Guide

What Is Decentraland (MANA)? – Complete Beginner’s Guide

Source : What Is Decentraland (MANA)? – Complete Beginner’s Guide Table Of Contents Decentraland offers users a virtual reality platform that you can use to create content and applications, as well as experience and monetize them. Decentraland runs on the Etheruem blockchain and uses it to store crucial information about land ownership and other important content. Decentraland positions itself as the world’s first virtual platform on which the users hold all the power, making it stand out from the crowd. The Decentraland Team Decentraland has a team of 9, many of whom have worked together before creating both Bitcore and Streamium. The project lead is Ari Meilich, a previous co-founder at Benchrise, and market research analyst at CRV. The technical lead is Esteban Ordano, a previous co-founder at Smart Contract Solutions. Decentraland’s Advisory Board includes experts in blockchain, social platforms and P2P networks – ex-CTO of Ning, Diego Doval, Aragon project lead Luis Cuende, CoinFund founder Jake Brukhman, and INBlockchain founder Xiaolai Li. Decentraland has partnerships with other promising projects such as Aragon, district0x and imToken. You Will Find No Limits with Decentraland There are no limits with Decentraland as to what you can build, create and share with the world, except your imagination. Users can buy land using the Etheruem Blockchain and have full ownership rights. From there, you are free to build whatever you want – you can go shopping with your friends, interact with each other, start a business, you can test-driving a car, buy and sell virtual items, visit an underwater resort, run applications on different parcels of land, watch live music, attend a workshop, go to a casino, among other things. All of this will be experienced inside a 360 degree virtual reality world that can immerse users via their web browser or VR headset. Video: [youtube https://www.youtube.com/watch?v=-HmXrOTEmxg?feature=oembed&w=840&h=473] The Features That Set Decentraland Apart from Other VR Platforms Decentraland is not the only company exploring how the blockchain can bring VR to the public in innovative ways, but the biggest difference between Decentraland and existing VR platforms is ownership. Instead of a single corporation, Decentraland is owned by its users and its users have full control of all content of the land that they own and will also get to keep all of their proceeds earned from the value generated by other users. There are no hidden charges, fees, or commissions to be paid to third parties, and this is unlike other systems where the central organization that runs the platform takes a cut. Decentraland prevents any form of centralization from taking over the network, and without a central organization, there is no group to take that portion of your earnings. All of this is possible via Decentraland’s use of the blockchain technology, which ensures that you have an amazing user experience. The Decentraland Roadmap Decentraland began in June 2015 and the experiment was entitled Decentraland’s Stone Age. At this stage, the land the land was modeled in the form of a simple grid and a Bitcoin proof of work (PoW) algorithm was used to allocate land …

Plus…What Is Decentraland (MANA)? – Complete Beginner’s Guide

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