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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.”

 

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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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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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WIBSON Provides a Truly Transparent and Private Data Market

Would you not rather profit from the use of your data than let it out for free? Wibson has made this Possible!

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Privacy on the blockchain has been one of the major and outstanding features the 21st century innovation presents its users. Projects are consistently being built on the blockchain with privacy in mind and one of such Projects is Wibson.

Wibson is a decentralized data market place built on the blockchain to enable users promptly and without revealing their identity, trade valid Private information for accuracy.

In the economy presently, high monetary value has been placed on data consciously and unconsciously. But sadly, the owners of these data do not get to share in the financial dividends due them if only they were put into consideration. Only companies with the real or valid knowledge of technical protocols available on the internet, cleverly caption and take control of our personal information and even profit from it.

In line with data security, wibson presents the following to data owners;

Decentralization

Individual control and management of personal data is one of the benefits of having wibson built on the blockchain. It is decentralized and conveys full authority to client/ data owners and thus gives data monetization power to the individual. The wibson app boycuts all third party transactions and relates directly between data seller and buyer while in turn doesn’t store any of your personal data on wibson servers or hosts.

Furthermore, individuals data are also not stored the blockchain. With the use of smart contracts, data encryption takes place preventing data access to the stored data during auditing. What is rather made available for auditing is the encrypted hashes of data. Thus the individual is in full control of his data.

Notaries

In the event of disputes or possible breach in contract between the buyers and sellers of data, the Wibson protocol affords the both parties a Notary. This Notary is a verification system for participants information, trustworthiness and data quality and can be and arbitrator should the need arise. Thus, the notary is quite aware of all the ambients of the deal from start to conclusion between the two parties and this will keep everything running smoothly. Lastly the Notary ensures that every member of the transaction stays committed to the deal as agreed.

Automated Payment Processor

The Wibson Protocol provides an irrevocable connection process of payment for and transfer of data where the the blockchain’s smart contract is clearly the executor. Thus first with the Notary installed to checkmate foul play in the area of data authenticity, the automated payment processor takes and effects the transaction without allowing room for a defaulting party. That way trust is built.

Assuming that there is need for halting the transaction possibly due to dispute in information, the Notary can interrupt a payment transaction.

Transparency and Control

There is nothing as interesting as having control over your property and determining the price at which you would be willing to part with such digital property. This is what Wibson brings to the table. So you have a clearly transparent market place where data buyers and sellers alike, conduct a deal based on their disposition – making a choice of what data to release and in relation to the price.

For further research, please refer to the whitepaper for further technical details

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Disclaimer:
The Information provided on the website is designed to provide helpful information regarding blockchain and cryptocurrency. The content is not meant to be used, nor should it be used as a basis, foundational knowledge or prerequisite for decision making regarding investment into cryptocurrency. We are not liable for any outcome based on any content found on the site.

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