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EOS Nigeria is Now a Block Producer on the EOS Blockchain

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Barely a month after the launch of the EOS mainnet, Nigeria has become a block producer on the EOS blockchain. Since the launch of the v1.0 mainnet, developers can now actively build blockchain-based DAPPs on the platform. However Nigeria is not to be left out as the country has become a block producer after Kenya. The EOSNG project is a aimed at educating not just EOS enthusiasts but all Nigerians about the potentials of the of the EOS blockchain as well as create as creating a community where talents such as Decentralisation experts, Developers, community builders and other EOS-related talents can be sourced. On the 19th of june, 2018 by 12:16 am, EOSNG became a block producer on EOS network under the Account name eosnigeriago.

EOSNG held her first meetup in the country sometime in April and now the community is now a block producer. The community will ensure governance through a structured consensus among community members.

EOS.io is maintained by a Delegated Proof of Stake (DPoS) system. The blockchain was created by Dan Larimer the creator of Steemit and Bitshares. The DPoS system EOS operates seeks to answer some shortcomings of both the Proof of Stake consensus and Proof of Work  mechanisms. The DPoS system EOS operates allows users to vote for block producers – who are rewarded tokens for validating transactions and maintaining the blockchain. The block producers are not standalone are they are constantly evaluated by the community and will be ‘fired’ if they fail to validate transactions and create blocks.

 

 

 

What do you think about EOSNG? Share your opinion with us in the comment section below.
Image credit: pixabay,

 

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

 

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Governments In Africa Will Welcome Blockchain Technology – Lucky Uwakwe

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Lucky Uwakwe - African Government will welcome blockchain technology
Lucky Uwakwe shares his views on African governments and Blockchain adoption with Cryptotvplus.

It is no news that a lot of enthusiasts in the blockchain space only show commitment to the projects they handle or the ones which give them maximum returns. It is not everyday you get to meet an enthusiast in the space who is quite passionate about getting the government on board this moving train.

Interestingly, in a recent article published by CryptoTVPlus, some African governments are already piqued by blockchain.

However, Lucky Uwakwe is positive that all African governments will finally come to terms with the versatility of the blockchain in the nearest future.

Here is an overview of the conversation we had with Lucky Uwakwe:

In your own words, what would you say blockchain is?

Blockchain is a persistent record of ownership transfer, that is publicly available for examination by all aspects of people. It is permission less to use and no trust is required toward any third party when using it. It is immutable.

In a few words tell us about your journey into the fast emerging Technology. When, how and through what means did you hear about Blockchain and Cryptocurrency? 

I learnt about bitcoin and blockchain from research in the CYPHERPUNK community,  during an online research in 2008, but I never fully grasp the importance until about 2010/2011 with bitcoin and the Mt gox exchange (magic the gathering of exchange)  after that I use to read Vitalik Buterin(ethereum founder)  Articles on bitcoin blockchain back then, when he was a writer on bitcoin

In what areas of blockchain are you most passionate?   

Education and Consulting with Service of smooth user friendly digital exchange.

What is your product all about? What challenges or problems have you identified? How will your innovation use the blockchain to solve these problems? 

CURRENTLY as I speak, we see that some countries in the world especially in Africa buy digital asset at a premium, and pay higher fee which is higher than some region. Another problem Fiat based crypto exchange is different and crypto- crypto exchange is also different.

We have built a solution to cover all that, making it easier for people to trade and convert over 200 crypto to crypto , or crypto to fiat,  all in one place. also transfer in the exchange is free, from OTC fiat section  to the crypto exchange of our exchange, we even do free deposit fee, and our withdrawal fee is lesser than what is currently available in many exchange in the world.

We have exactly combine liquidity of Huobi which is one of the top three crypto to crypto exchange in the world, but we have added easy fiat for African and have open African customers to the rest of the world. With our partnership with Huobi cloud, security is paramount. we are called SaBi, we provide users across the globe to either use our Crypto to crypto or fiat to crypto,  we have open a continent to the rest of the world, so customers in other continents can trade with other continents including Africa. All in one place.

What milestones do you hope to accomplish in the coming years in the Blockchain Industry?

To see that government Across Africa welcome blockchain technology and digital currency, and to ensure we have a strong community of women and house wives who are professional traders on SaBi making a living to support there family and the continent at large. So that they can become independent.

Our goal is to see that we return 30-60% profit made from SaBi exchange back to our active users and the community to support poor African community, lacking basics facilities like Schools,clean water, hospital and food. This we will do through SaBi exchange with our partnership from Huobi cloud

How is your Project contributing to creating blockchain awareness and in turn Mass Adoption?

My company has been at the fore front of positive awareness with the government and community across Africa and beyond, a simple google search of my name Lucky Uwakwe  will show quite a lot,  but as a company we continue to create a cooperate awareness with institution making our authority responsible for enacting laws that will shape the future of Blockchain in our continent.

Tell us about your project team? How did you come about the team? How do you  inspire them to give their best? 

I actually don’t inspire my team, my team inspire me. They are the best brain out there, why tell the best what to do? Rather they inspire me and we work towards a common goal. Currently my team have been one of the best to work with in one project,  my project team members are from or based in China, Canada, Singerpore, Japan , Nigeria and Taiwan.

Most of them have over 3-10years+ background in Tech, Finance and Wall Street and Blockchain space. My Nigerian based team all have experience in the Blockchain space,  I am a certified cryptocurrency specialist (C.C.S) and still current  MSc in Digital currency and Blockchain Technology at the University of Nicosia Cyprus.

My Co-founder Mr. Peter Huang is a Chinese with experience Tech and Engineering company, from Beijing China, my Designer Kayode Iyanu owns SirfiTech in Nigeria capital city and the entire team of Huobicloud in Asia are working with us, from Mr. David Chen a Canadian, Mr. Jack Lee in  Shenzhen china , Mrs. Margaret Tang,  all from Huobi cloud, we have a rich diverse team across the world and many more working behind the scene working to see SaBi meet every standard before we Lunch by February 2019.

Mr Lucky Uwakwe is the Co Founder of Cheetah Africa.

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Twitter CEO: Jack Dorsey Joins Bitcoin Lightning Network

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The cryptocurrency and Bitcoin community is filled with excitement as the chief executive officer of Twitter, Jack Dorsey shows his support for the Bitcoin lightning network’s project (LN).

The co-founder of the social media platform has joined a community project illustrating the functionality of Bitcoin’s (BTC) second-layer scaling protocol. Although the trail program started on January 2019, he joined in on 5th of February.

The trail which was created based on the Olympic flame, “Lightning touch”, supports a carefully executed series of transactions on the second layer of Bitcoin scaling protocol. The people that are taking part are to pass on the touch using the #LNtrustchain. It demands a user to receive a transaction and adds a nominal amount of about 10,000 satoshis to it before sending to another trusted person. The torch currently contains around 3 million satoshis (about $98.60).

Jack Dorsey – who is also the CEO and founder of Mobile Payments Company Square, has shown support for bitcoin before and has actually taken into account that Bitcoin has the ability to become the de facto currency of the internet.

In a recent interview with cointelegraph, Dorsey declared his beliefs on bitcoin being the internet’s native currency.

“[Bitcoin] was something that was born on the internet, that was developed on the internet, that was tested on the internet…It is of the internet.”

 

Disclaimer:
The Information provided on the website is designed to provide helpful information regarding cryptocurrency subjects. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regards trading. Always do your own research and due diligence before placing a trade. We are not liable for any outcome based on any content found on the site.

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Major Mining Company BHP, Japanese Shipper NYK Deliver Biofuel Traced via Blockchain

Can this qualify as blockchain adoption at Multinational level?

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Shipping news magazine Dry Bulk on Tuesday, February 5th reports that international metal and oil mining giant BHP has successfully tested blockchain in a conjoint experiment with Japanese shipping company NYK.

BLOC — a developer of blockchain applications for the maritime industry — built the decentralized ecosystem for the trace and Sustainable biofuel company GoodFuels provided its product for the experiment.

For the testing was the GoodFuels biofuel was delivered to the BHP-chartered and NYK-owned bulk carrier Frontier Sky, while carbon dioxide (CO2) savings were verified via a blockchain fuels assurance platform.

As reported by cointelegraph Dry Bulk explained that, the sustainable biofuel used in the experiment serves as an alternative to traditional fossil-based marine gasoil, allowing for the reduction of CO2 greenhouse gas emissions equivalent to over 125,000 miles driven by a car.

According to the magazine, the joint delivery is an important step for BHP and NYK in terms of global decarbonization policy. Blockchain, in its turn, could help the industry to verify supply chains, making sure that only sustainable fuel is used during the shipping process and that the origin, emission reductions and fuel quality metrics are transparent and easy to trace.

it is no news that blockchain has gained a significant level of adoption in the maritime industry, with major ports and shipping companies using the technology to support supply chains and trace shipments.

 

Can this qualify as blockchain adoption at Multinational level? letshave your opinion on this. is blockchain adoption viable in the marine industry?

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Funding Has Arrived For Blockchain Start-Ups In Africa

Does Binance have what it takes to power blockchain Start-ups in Nigeria and is the Nigerian government in support?

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Binance labs, the self-acclaimed strongest network of Builders in blockchain is at it again and this time focuses on the continent with the most need for the blockchain. According to the platform, “Binance Labs is a social impact fund and an initiative to incubate, invest and empower blockchain and cryptocurrecny entrepreneurs, projects and communities”.

Its mission is to realize the full potential of Blockchain technology- and they has already actively involved the Nigeria, most populated nation in Africa.

Great news is that Binance Labs has made open her intention to fund African blockchain start-ups. In a recent post, Binance Labs made available the link to sign up form calling for applications from Blockchain startups in the ecosystem.

According to the Binance Lab Director, Lagos Nigeria, Yele Bademosi,

“Binance Labs is the best place for blockchain to build thier projects and c=achieve product-market fit. With the african blockchain ecosystem still in its nascent stage, this offers tremendous value to African projects as we are able to plug them into the top one percent of mentors, founders, investors and blockchain-focused service providers from the global Binance network”.

Thus it goes to say that at the end of the this incubation period, all projects successfully on-boarded would have access to over $120,000USD as support funds and a network of industry leaders associated with Binance within and outside the continent.

According to Binance labs, Public Blockchains, Decentralized Exchanges (DEX), Wallets & Payment, Stable Digital Currencies, ATS/Security Token Platforms and dApps are the investment focus in view for this 10 week-long Incubator program

For Entreprenuers, the support packages are Funding, Go-to-market strategy, Token Model and Distribution, Technical Review Listing Advice and Talent Recruiting.

 

Get more information from their twitter handle @BinanceLabs

Whats your take on this? do you think it would have a great effect on the adoption in Africa? Does Binance have what it takes to build a Blockchain system the Nigerian government would support?

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