The much anticipated prestigious blockchain event, Blockchain Saturday is set to return in Lagos, Nigeria. We are proud to announce that the 6th edition of The Blockchain Saturday event is here. After weeks of planning and execution, most of our plans have come to fruition, most of which centres around the venue, speakers and of course sponsors.
The theme for the event is “The Future of Money” and it is safe to say that despite the progress Bitcoin and Cryptocurrencies have made over the years in going mainstream, there are still millions who doubt blockchain and cryptocurrency, and there are a whole lot more who are oblivious to this space entirely. So, the conversation about the history of money is super important, as it tells the story of where money is heading.
About Blockchain Saturday
Blockchain Saturday is a periodic meet-up where renowned experts, industry leaders and practitioners, as well as enthusiasts, within the blockchain and cryptocurrency ecosystem come together to synergize, share ideas, and network. This gathering is to facilitate the cross-pollination of ideas to drive towards a more sustainable blockchain ecosystem in Africa. At Blockchain Saturday, it is our belief that the idea of the next disruptive project similar to Bitcoin, can be conceived at this meetup, and for that reason, every idea is worth considering as we work together towards the nurturing and development of projects that will later become products that will solve real-world problems.
We all can create an enabling environment that is geared towards learning, and against the imposition of ideas on participants.
So, What is the Future of Money?
Bitcoin has left a remarkable dent in the future of money, and at Blockchain Saturday, we are always exploring ways to better leverage the disruptive power that blockchain and cryptocurrency offers. And we are excited that the speakers’ line-up to make presentations at the event will be speaking in line with this theme, with their respective projects in mind. They will be sharing their unique crypto journey, and how far they’ve all come, and the plans for the future.
The speakers we will be having the privilege of listening to are:
MEET THE SPEAKERS
Founder, CEO CryptoHub
You can’t mention the top personalities in the cryptocurrency and blockchain space in Nigeria without mentioning Chris Ani. The Founder and CEO of CryptoHub is a well-respected figure in the space, CryptoHub, which is one of the many arms of Digital Abundance is a platform focused on Bitcoin, blockchain and cryptocurrency trading education.
It’s a place where highly skilled tutors train newbies on important areas of the crypto world. It is hard to ignore the strides Mr Chris and his team have made in the space since their emergence, in enlightening interested people about cryptos.
The serial entrepreneur and author of Crypto 101, will be speaking on the title of his book “Crypto 101” which is focused on the newbies that have limited knowledge of cryptocurrency.
Co-Founder, CTO, Finmex.io
The need for technical people in the blockchain space can never be overemphasised, as they are the builders of any sustainable system. Mr Enitan is a seasoned developer, who also serves as the CTO on the Agricultural project – Agricblock, a project that aims to create a successful marriage between Agriculture and Blockchain technology, hence opening up a new market to an endless flow of possibilities.
Finmex.io, which is a peer to peer digital assets trading exchange that aims to provide cutting edge solutions to the challenges exchanges currently face. Enitan is the Co-Founder and CTO of this promising project, and he will be discussing the role crypto exchanges will play in the “The Future of Money”
EOS Nation Ambassador
Toju Kaka is the Africa Community Manager for BOS and an EOS Nation Ambassador working to facilitate the adoption of EOS in Nigeria. His newest venture EmpowermeEOS is a social enterprise that is helping marginalized young people earn EOS based tokens.
Prior to his engagement with BOS and EOS, Toju Kaka got his fame in the Nigeria blockchain space via Steemit (a blogging platform built on the Steem blockchain). Where he was one of the reputable Steemians in the country.
During the forthcoming BCS event, Toju Kaka will be speaking to the role the projects he represents (EOS/BOS) are going to play in the next monetary revolution.
Behavioural Psychologist & Writer, Steemit/Whaleshares
Everybody loves Mo, as she is popularly called across the Maschains (Steemit, Whaleshares and Trybe). A behavioural psychologist by training and a writer, Mo is actively engaged in the Mas-chains where she actively participates several communities and gets rewarded for her efforts.
She earns from creating content and blogging on platforms like Steemit, Whaleshares and a few others.
She will provide tips on how to earn cryptocurrencies by content creation on the blockchain, and she also will share some insights on how community activities can become a rewarding endeavour.
Founder/CEO, Bitfxt Technologies
Franklin Peters is the Executive Director Peters Blockchain Consults, Co-founder Billionairescode business club and the Founder/C.E.O Bitfxt. He is a Visionary leader and a business mentor and coach. He has a vast knowledge of Blockchain and cryptocurrency, financial intelligence and asset management.
He will be speaking about “Blockchain, the New Economic Goldmine” his discuss will be an offshoot from his project “Bitfxt” which is truly leveraging blockchain technology in solving our everyday transactional needs.
This promises to be an insightful discussion as Bitfxt are doing some exciting things in the financial space with their coin, and some innovative ways as to how it can be utilized.
Jamaa Lead Ambassador
Also known as the “The Blockchain Pastor” Steven Moses is the founder of Blockchain Chapel which has a strong presence across the mas-chains (Steemit, Whaleshares, Weku Easysocial). Being a strong personality on these platforms, Blockchain Chapel rewards posts that are centred around Christianity, love and peaceful and harmonious living.
He recently became Jamaa (a new content rewarding platform) Lead Ambassador for the Nigerian communities. And he will be Introducing Jamaa to the participants of the event.
Lead, Dash Nigeria
Nathaniel Luz is the Lead for Business Development, Dash – Nigeria. He is a Chief Player in the Blockchain space in Nigeria. He serves on the advisory boards of many remarkable Fintech startups and long-established firms in Africa. As a Pan-African, he has been rebuilding Africa since yesterday which establishes his life’s mission and vision statements. He has published several international journals, and articles ranging from topics like Blockchain and Future Technology, African politics, Free Market and Limited Government on leading web platforms.
Agbona is a tech entrepreneur who is passionate about technology and how it was designed to improve efficiency in our everyday life. He ventured into the world of cryptocurrency via the Steemit and Mas-chains portal, and he currently serves as Beam (a privacy-based coin) ambassador to Lagos Nigeria.
Ever since he ventured into the blockchain and cryptocurrency space, he has actively advocated for Africans to participate in this decentralized world. As it’s his belief that Africa’s problem can be solved with the decentralized power blockchain. Finance, elections, agriculture, governance, if these systems and the others are decentralized, it will immensely solve the majority of Africa’s problem.
It is based on this premise he created Blockchain Saturday, which is meant to a grass root outreach to informing people who know little about the crypto space about the potentials of a decentralized platform. By creating an enabling environment where both newbies, crypto seasoned experts, enthusiasts can come together to interact, network, share ideas. Who knows, the next Satoshi Nakamoto might just get inspired to create something revolutionary.
Why Should I Attend
Awesome learning, networking opportunities with leaders of the blockchain and cryptocurrency community in Lagos Nigeria
Free copies of Crypto101 book by Chris Ani
Free branded shirts
Free EOS and BOS account creation
Free Dash, Beam, Karma tokens, whaletokens and many others
Refreshment and dope professionally took pictures
Time: 11:00 am
Date: 22nd June 2019
Strictly by Registration
EOS Versus TRON, The Dapp War Continues
The world of Decentralised applications (DApps) began with Ethereum. However, it has grown to include more blockchains Networks utilizing smart contracts to build DApps on the blockchain. With over 1,800 listed DApps according to Dappradar.com TRON network and EOS seems to be on a warpath for dominance.
Before we crown the King of DApps, it is important to note that a DApp must have an open source code available to all. A DApp must also be decentralized, incentivized and have an algorithm that generates token or an inbuilt consensus mechanism.
While the battle of supremacy on DApps revolves around TRON and EOS, it is important to note that these blockchains are not so different from each other. Both Tron and EOS started on the Ethereum blockchain as ERC-20 tokens. However after creating their own Mainnet they moved all of their tokens to their own blockchain network.
It is also important to note that both TRON and EOS are built on the delegate Proof of stake mechanism (DPos). The DPos is a mechanism where the selection of block producers will be done by voting. EOS has 21 block producers of which 20 will be selected by top 20 received votes and 1 will be randomly chosen. On the other hand, TRON has a total of 27 block producers (super representatives) who have to go through voting systems. It is impressive that both blockchains allow its token holders to Vote for their Block producers or Super representatives.
TRON Foundation was created in September 2017 by its CEO Justin Sun and it’s mainnet was launched in June 2018. TRON based network claims to have the capacity of clearing 2000 Transaction per second. However, the TRON network block explorer TronScan reveals that it is currently close to 750 TPS.
On the other hand, EOS is own by Block.One, an open source software publisher. Its white paper was published in 2017 and the open source software was launched on June 1, 2018 by Dan Larimer, who is also the founder and creator of Bitshares and Steem. While EOS has been called the Ethereum Killer, however, it currently processes around 4000 Transactions per second.
According to TPS, EOS is winning the race. Also, in Q2, 2019, EOS has almost 62% DApps active in Q2. Although AnChain, blockchain intelligence firm claims that in Q1, 75% of the traffic from the top 10 gambling dApps on EOS were driven by bad bots. That means about $6 million worth of transaction volume was carried out by bots. TRON’s DApps, on the other hand, had 82% active uses in Q2, 338 out of 412 of all TRON’s DApps were active in Q2.
As at press time, EOS is the top blockchain network with 2,231,299Op activity while TRON is coming 5th with 842,442Op. However, TRON DApp TronBet is taking the lead on DappRadar with more than 3000 users and $6.1 million in its 24hour volume. EOS DApp, Dice, comes after TronBet more than 97,000 users and a 24hour volume of $266,000.
Although there have been whispers on the state of DApps and their relevance, but it is important to note that DApps are pulling their weight in the blockchain sphere. While it will be difficult to name who is King of DApps, there are other Blockchain networks building DApps that are worth keeping an eye on such as Steem, IOST, and TomoChain.
Is 2019 the Year of IEOs?
Fundraising is an important aspect in businesses and the cryptosphere has seen its fair share. In 2017, the crypto space was abuzz with the fundraising model of Initial coin offerings (ICOs). By 2018, the thrill had died down and it would seem that Initial Exchange Offerings (1EO) are taking over with over 100 IEOs launched.
Similarities Between ICO and IEO
While the ICO and IEO are similar fundraising model there are still different in terms of functionality. The two fundraising models are both tokenized forms of crowdfunding. This means that offer tokens, in exchange for investors funds. These tokens offered to investors have some utility value that the company aims to provide a service for on their road map.
However, the difference between ICOs and Initial Exchange Offerings is hinged on the fact that in an IEO, the token offering is facilitated by a cryptocurrency exchange on its platform and the exchange will eventually lists it. On the other hand, in an ICO, the company will have to fend for creating everything to sustain its token. Also, Initial Exchange Offering offer investors a unique advantage, unlike the ICO model where a lot of ICO projects did not make it to an exchange, leaving investors with no place to trade the worthless tokens they are stuck with.
The era of ICOs which spanned late-2017 to mid-2018 experienced rapid growth and success. A major factor responsible for the success of the ICO model was the easy access to global investors it offered crypto startups unlike traditional venture funding. One of the factors that lead to the slowth death of ICOs were the alarming number of scam project raising funds and duping investors. In 2017 alone, 80% of the ICOs conducted were scam projects.
Where are We with IEOs?
However, 2019 has seen a remarkable spurt in the growth of Initial Exchange Offerings. In May 2019 alone, more than $1 billion has been raised by IEO projects. Since the inception of Initial Exchange Offerings, the total global funds raised is over $1.6 billion dollars and remarkably, $1.4 billion of these funds were raised in 2019.
Binance was the first exchange to kick start the age of IEOs. The Binance Launchpad raised $7.4 million while hosting a public sale of BitTorrent tokens. It is amazing to know that Asian Exchanges have dominated the space with European exchanges coming behind. Asides Binance, other major trading platforms on the Exchange offering bandwagon include, Huobi, OKEx, Bittrex, Bitmax, Coineal, KuCoin, Exmarkets, etc.
However, Binance has managed to stay on top of the game with over 400% ROI just in May. It’s most recent Exchange Offering, Elrond (ERD) held earlier this month was selling dis more than 46 times the initial price within an hour of trading on Binance.
On the other hand, may seem that the initial hype behind this fundraising model is beginning to dwindle with investors getting worried about the utility of the token. According to ICO bench, there are over 40 IEOs conducting their fundraising. While this doesn’t mean that Initial Exchange Offerings are coming to an end, it means that more utility is demanded.
As it is, Exchange offerings as a fundraising model still need to gain solid footing for itself just as ICOs did, however, they are a viable option for fundraising and project launch. It can be safe to say that 2019 is not the age of Initial Exchange Offerings, but the start of the age.
Can Blockchain Make A Change In Developing Countries Land Registry?
Blockchain is a technology that took the world by storm and has disruptive potential. Just like the internet, blockchain was welcomed with skepticism. Blockchain has been around since 1991, and cryptocurrencies like Bitcoin since 2009 but the world is only now starting to take a firmer hold.
It is projected that by the year 2021, the blockchain market will be valued at $2.3 billion. Most governments will adopt the technology for use in various tasks such as taxes, voting, health care, and land administration.
Developing countries have a hard time keeping accurate records in their land registries. Most countries have poor ledgers, which are prone to tampering, loss, and damage. These land governance issues are a source of land disputes owing to unclear land tenures and ownership.
These disputes mean the land is unproductive owing to the wrangles, sometimes dragging on for years. These inconsistencies in registry accuracy and land tenure lead to land grabbing from unscrupulous individuals.
Developing countries’ leaders should strive to catch up with countries that are already far ahead as far as the blockchain technology is concerned. Taiwan’s congressman Jason Hsu is one man who is determined to make sure all legal barriers concerning the technology are removed. He intends to ensure that the citizens are aware of what technology can do for them and better their lives. Hsu in an interview stated that blockchain technology can do very well in developing countries such as Zimbabwe and Venezuela.
Blockchain technology has the capacity to solve all the land registry problems for developing countries.in several ways:
- Since information is stored via cryptography, it means every item on the blockchain ledger is securely coded with an identifier that is unique and provides tracking capabilities and protection.
- Blockchain technology works on based on a consensus. This means if a fresh record is added to the ledger, it has to have real connections to other network nodes for it to be verified. If it has no connection, it cannot be added.
- Blockchain’s record storage is distributed. Information can be viewed and added to the ledger by authorized persons. They do not have to rely on a centralized command or an intermediary.
How it works
A blockchain can store online all the necessary information that pertains to property sellers and buyers. It can change the land registry by eliminating the manual steps in the land registries. These steps include verification of information from the land register, contracts with real estate agents, property inspections, and so forth.
Everyone is able to see alterations made to the ledger and can access the records any time they wish and in real time. With blockchain, they are assured of the data’s immutability and security.
Digitization is critical because it allows hashing, on which cryptography has its basis. Hashing is the conversion of data into a unique text string. Most developing countries use paper-based methods that are a challenge when it comes to updating the information digitally. Any data is hashable, no matter its size or type, and the hash produced by any data is the same length.
Implementation of blockchain would mean having to deal with issues created by decades-old poor land governance. It would also need a large investment to ensure the management of this technology. It is not impossible to streamline and digitize a land registry.
Many governments in the developing countries struggle with poor land governance issues, including registry digitization. Most are still far off from implementing the blockchain technology on a larger scale. However, the technology has some potential in areas where they have already succeeded in establishing a good record of title deeds.
The emergence of technology such as GPS, satellite imagery, machine learning, and machine imagery are some good examples of possibilities for completion of land record digitalization. These technological advancements might play a big role in the establishment of blockchain land registries in the future.
Blockchain technology can help to streamline the land registries in developing countries. These land registries largely depend on manual updates. These updates are rarely accurate, are prone to tampering, forgery, and loss.
Digitization of the land registry would be a huge leap towards ensuring that the land titles and tenures are registered to the rightful owners. Disputes arising from land ownership matters would be history. Blockchain technology is immutable. When a change is made, it is permanent and cannot be reversed. The evidence is open for scrutiny and this would build trust between the public and the land registry officials.
Do you share similar views with TechWarn.com? If no what is your take on the topic? Drop your opinions in the comment section!
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Blockstack Opens the way for Crypto Startup’s funding via Global Token Sales in a Surprising approval by the SEC
Blockstack Opens the way for Crypto Startup’s funding via Global Token Sales in a Surprising approval by the SEC
In a surprising move which has astonished the crypto, finance and regulatory community, the US based Blockstack which is a decentralized computing network according to its personal description has gotten approval from the Security and Exchange Commission in the United States to carry on a token sale which it is empowered to sell to both accredited and non-accredited investors as well as US and non-US investors.
Hear that sound? that's ten thousand blockchain startups calling up lawyers to ask "what the eff is a Reg A?"
Congrats @blockstack on getting your offering qualified!
— Preston Byrne (@prestonjbyrne) July 10, 2019
This achievement has gathered applauding comments from crypto twitter considering the Commission’s hard-line on the sales of unregistered securities via token sales or ICO. Since the Commission came hard cracking down on illegal and fraudulent token sales, many Startups has been trying play safe while experiencing setbacks as the regulatory climate wasn’t clear for them. The establishment of a functional ETF is still on the commission to fully give a go-ahead to.
Blockstack has in this move paved way for other blockchain and cryptocurrency startups to have a clear direction on how to go about launching sales of government approved tokens to the general public. The Utility Token of the Blockstack project STX will be sold to the investing based on the Regulation A+.
The firm is looking at raising a sum of $28 million via this token sale which anyone who desires to participate will be legally able whether in the United States or elsewhere. A turn around and applause move on the part of the Securities and Exchange Commission on the participation of US citizens on token sales in time past. The sale will commence on the 11th of July, 2019.
The year 2017 saw billions of dollars raised via ICOs from both fraudulent projects to non-fraudulent project. All through the year, as the token sale market was booming, so the price of cryptocurrency was booming with Bitcoin touching $20,000 and Ethereum reaching as high as $1300 at it’s peak. However, with ban sweeping across the world from both government and corporations on cryptocurrency activities, the market took a dive in what has been known the longest bear season ever in cryptocurrency lifetime -the Crypto Winter.
As the market continues to rage on, with IEOs on one side, the Blockstack news is a welcome development for crypto enthusiasts who cannot wait anymore to enjoy the gains of the ICO era.
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