1 Temmuz 2017 Cumartesi

ICOs and current state of Blockchain startups

ICOs are being launched one after another and there are no shortage of teams with big dreams who just want to be funded directly by those who are willing to take high risks now and share the glory in due time.

Betting, e-sports and fintech are some of the popular categories of startups currently in ICO phase. End goal of these blockchain based platforms vary between “creating a regulated bank for the digital age” (polybius) to creating a virtual gaming world where players and developers are in constant interaction. A closer look to some of these projects are in order and as always it's a good idea to keep a healthy dose of skepticism nearby.

Crypviser is the latest in a slew of ICO offerings at the moment. It dubs itself as a new blockchain based communication platform that is secure for both personal and business use.

Main premise of Crypviser is based on two pillars:
1- Automated end to end encryption.
2- A new way to implement distributed identity verification on a blockchain.

Value in Crypviser is held on CVCoin which is a unique crypto-token designed for this network. The main purpose of CVCoin is covering charges of blockchain transactions for authentication purposes, to authorize and identify the users’ public encryption keys, to ensure the security of the network.

Using this highly secure and publicly verifiable network the team at Crypviser offers a suite of communication capabilities, namely secure instant messaging (chats), audio and video calls, photo/video and file sharing, group calls, voice conferencing. It's not hard to imagine building any type of data exchange application on this blockchain.

It seems more and more teams are porting existing centralized software suites to blockchain powered applications. And it's not hard to understand, not only ICOs save the companies months of tough negotiations with investors, they also get to skip financial due diligence, strict code reviews, regulatory compliance issues.

Of course on the other side of the medallion, distributed applications come with an enormous incentive for community involvement. Best example for this is PrimalBase ICO. When asked on Facebook why they are building a blockchain based shared workspace company, PrimalBase mentions the power of community as one of the main reasons they are going this route.

Going back to Crypviser, the team says at the end, they will be able to offer are a wide range of encrypted products for business to consumer and business to business markets, which up until now were only available to the biggest corporations, financial institutes, governments and agencies alike.

Blockchain authentication sounds like a simple case of PKI but the team claims to implement a patent-pending algorithm of true encryption key authentication, based on blockchain technology and thus protect against identity theft and MITM attacks.

Crypviser is hoping to offer enterprise grade security and messaging capabilities with lower cost, completely distributed yet dependable.

When distributed applications talk about storage, one does not doubt the resiliency of the underlying system but availability is another question mark altogether. For instance, the claim that an independent encrypted local storage on the user’s device will provide secure storage brings up more questions. We know that that specially device dependant security paradigms require a robust design and to properly keep all kinds of sensitive data safe and protect them from data loss will not be an easy task to accomplish.

Integrated crypto wallet in the Crypviser app, allows to safely keep, manage and transfer amounts through the CVPay system. CVPay is a secure, anonymous and fast money transfer system. The technology also claims to prevent any kind of manipulation, interceptions and man in the middle attacks on all network levels.

To an observant reader this will remind how fickle and weak World Wide Web was in the beginning and how it's very much full of potential security holes now. In spite of the enormous value it added to life on Earth, there is still long ways to go. Most of these companies are finding better ways to do things we already do online. A few of these are imagining things as they have never been imagined before. It's up to the markets and million little uncontrollable things to decide which ones swim, which ones drown.

A quick look at the ICO schedule for example at www.coinschedule.com shows 21 ongoing ICOs with several more scheduled to start very soon. For lack of a better term the “gold rush” to cryptocurrencies and token based governance models continue. In this brave new world, knowledge reigns supreme. Information is everywhere and there's very little distinction between what's real versus what's not, what's tangible versus what's vaporware and what creates value versus what rides hype waves. Still one can't help but wonder what possibilities lay ahead because let's face it, for better or for worse, people will keep doing what they do.

BTC: 1AuFMn8n84f1k3C6DTpxkYf1EUAa3AAA7b
ETH: 0x45e4a518101f0c65a8427b2569aff69b8c6bd08e

19 Haziran 2017 Pazartesi

Gimi - Pocket money App Review

Economics 101 for kids

Gimi is a mobile app that teaches your kids the principals of personal economics.

It’s tough to come across a refreshing idea in the saturated world of mobile apps. While there are educational content out there, apps that add real value to the users are a rare bunch. 

Get it on Google Play
From a child’s perspective Gimi gamifies the dynamics of economics by allowing kids to track their personal finances. They can complete chores to save up enough to buy that brand new “cool thing” they want so much. However, from the parent’s perspective it’s a school to teach kids the harsh life in the real world.

Gimi does a wonderful job creating a modern and fresh experience for the users. The app is to the point and feels fluid walking you through adding your kids, setting up their weekly or monthly allowances. It recommends average values and incentives for your kids’ specific age. You can easily add recurring or countdown chores. 

Kids install the app and connect to the parent’s account with a simple step. They will get immediate notifications for chores. To claim credit parents can even require a picture or video proof! Gimi is full of these well-thought gems to put you and your kids in charge of family money. 

During daily usage Gimi proves to be very simple to use and that’s not a coincidence because Gimi is designed by a group of kids that are 6-17 years old. While there are other options like Bankaroo, made by the 11 year old Danielle, and RoosterMoney, neither of these apps get you the smooth signup flow you get with Gimi. Gimi also provides well designed cues and visual incentives you won't find on similar apps.

Plus, who doesn't like to accomplish a goal like this?

After regularly using the app, I'm inclined to believe tiny efforts like these have the potential to contribute to children later in life. It's much better for them to make a small mistake and waste money on candy now. Sure, they will suffer a tummy ache due to excessive sugar ingestion. But next time they face a choice like whether to purchase luxury items they don't need, they will have the experience on their side to decide. The lessons learned will be much more valuable to your children's life than the savings in their piggy bank account.

To wrap up if you are interested in teaching your kids about financial responsibility, Gimi is the app you should download and start using today. 
Kids who understand concepts like value, money, input/output, balance and most importantly saving up will know better in this brave new world of targeted marketing, conversion optimized shopping carts and cryptocurrencies. There’s never an early time to teach kids about the tangibility of value because in a few months' time everyone will be iMessaging each other real money.

Get it on Google Play