Your Dog Ate Your Private Key, Now What?

Your Dog Ate Your Private Key, Now What?

We have heard it time and time again, keep your assets on your private wallets and protect your private keys! I’m looking at you Quadriga and Cryptopia victims (slowly raises hand in embarrassment as I too made this mistake). So finally, you learn your lesson and do this. You take a deep breath of relief, and you are finally invincible, right? Unfortunately, not. Even after doing that, things aren’t completely safe and secure. In fact, what happens if you lose your private key? I mean come on, I have problems finding my house keys on a weekly basis. Or what about if you tragically get hit by lightening or have a heart attack as you see your portfolio go from “When Lambo?” to “When $10 Craigslist bike?” within a matter of seconds? So what do you do in the case of short-term memory loss or morbid happenings? Tattoo your private key onto your arm? Tell your closest contact, who just so happens to forget everything? Hopefully not, as these are horrible options and my attempt at trying to be a bit witty. So let’s look at the realistic solution, which is that of a Will or Lost Key Smart Contract. Now for full out techies this may seem like a simple task, but for the average person, they are likely lacking the needed skills. This is where the MyWish services come into play.

The MyWish Will Smart Contract has been around for quite some time, but the Lost Key Smart Contract is fresh off the presses, protecting users in case of death or loss of private keys. The smart contracts are designed in user-friendly templates, which can be set up within a short period of time. To see the benefits of these contracts in an easily digestible manner, take a look at the following:

Will Smart Contract

  • Protects funds in case of death
  • Easy to set-up with little to no technical knowledge required
  • Allows for funds to be managed as if they were in a regular wallet
  • Parameters can be set to meet your desires
  • Transaction only takes place if conditions are met

Lost Key Smart Contract

  • Protects funds in case of loss of private key
  • Once again, it is extremely user-friendly
  • Conditions, such as time, can be implemented according to your wishes
  • Tokens are not required to be stored directly on the contract
  • Multiple backup wallets can be included in case of inactivity throughout several of them

Not just Ethereum Anymore

While these details in themselves are quite impressive, it is important to point out one other key facts. First off, in the past, users were only capable of doing this on the Ethereum Blockchain. MyWish has taken this a step further though, and now both of these smart contracts will be available for both the Ethereum and TRON Blockchains. Ultimately, this allows for individuals to have even more freedom when it comes to the safety and protection of their architecture. Luckily, you don’t have to wait to create these smart contracts on the Tron Blockchain as it just released today! The planned release date for these on the Ethereum Blockchain is the 10th of March (at the latest).

As you can see, the creation and implementation of both of these contracts can lift the weight off your shoulders and dissolve high amounts of worry through a quick and easy process. No more fear of forgetting your private key, dying suddenly due to the market dumping, or your dog eating your private key. With the MyWish Will Smart Contract and newly created Lost Key Smart Contract, you can rest well (Ethereum and TRON fans alike).

Useful Links and Information

20% Discount Code: RWPBM20

Lost Key Smart Contract (Main Net): https://tron.mywish.io/create/tronLostKey?network=14

Lost Key Smart Contract (Test Net):

https://tron.mywish.io/create/tronLostKey?network=15

MyWish: https://contracts.mywish.io

CMC: https://coinmarketcap.com/currencies/mywish/

Fetch.ai most anticipated ICO of 2019 ?

Fetch.ai most anticipated ICO of 2019 ?

Recently Fetch.AI, the decentralised infrastructure for deploying digital representatives ‘Autonomous Economic Agents’ has completed a successful token sale via Binance Launchpad.

 

69,179,855 FET tokens were sold in just 22 seconds with orders pledged by nearly 20,000 people. Of those orders 2,758 separate contributors successfully bought FET tokens with orders processed by Binance in roughly 10 minutes. The sale raised $6 million for the Fetch.AI

At 14:00 UTC on Monday 25 February 2019 Binance Launchpad opened its doors to FET contributors for a single session where contributors could exchange Binance’s native token, BNB, for FET. Each FET token was priced at 0.0867 USD with a maximum allocation of $3,000 per contributor during the sale.

According to our sources, FET is going to be listed in almost all popular exchanges, and as said by the Fetch.ai team that announcement regarding exchanges will be made in due time.

March is going to be a FET month for sure, currently FET is being traded at almost 4.5 times the ICO price. But it maybe break some old records seeing the hype and further listing of various Top-10 exchanges.

Crypto exchange Sonata.ai is getting ready to hit the road

Crypto exchange Sonata.ai is getting ready to hit the road

Crypto exchange Sonata.ai is getting ready to hit the road

Sonata.ai, is the next-gen cryptocurrency exchange in the making, they are completing their plans for an extensive road show. The planned road show will be in Europe and Asia and it will start in the second half of January 2019, it will be covering multiple crypto and fintech oriented events like Crypto Investor Show in Manchester or Chain Plus+ in Seoul. The team at Sonata.ai is also currently scheduling private meetings with investors. The main topic of the presentation will be the security token offering of SONT token.

 

Follow Sonata.ai on Media, to see the road show plan, first-hand: medium.com/@sonata_exchange

ICOs are still with us

As the regulations gradually will clarify the potential legal issues of the new decentralised economy, we are witnessing new opportunities in the crypto world. We can see a growing interest of what were previously hesitant users. Others, who have feared the grey zone are now at least considering the option to jump on-board. Many have predicted an end for ICOs already during 2017. But by the end of 2018 the industry is smarter, more proficient and ICOs are still here. The year 2019 is looking to be very optimistic as many capable projects are rearing to go.

Although ICOs were (until quite recently) fully in the hands of utility tokens, the year 2019 seems that it will belong to security token offerings. The excessive abundance of utility tokens represents an idea contradictory to what we see in the real world. Most people want to use cryptocurrency as ordinary money, without the need to exchange between hundreds of coins. They want to take advantage of the security and versatility which crypto can provide.

Security tokens lead the way

Another type of token offered by initial coin offerings are security tokens. STOs (security token offerings) can be embraced by investors who understand that not every monetary interaction should have its proprietary token. There is just no natural demand for “sexcoin”, “potcoin” or “breadcoin”. These coins are used just for mere speculations, although they are promoted as a digital counterpart to money.

Security tokens are closer to stock. The stock market is real, it is an important part of the global economy and has existed in some form since almost the 15th century. An easy way to recognise a security token from any other type (e.g. utility or equity token) is to take the Howey test. The security tokens can establish an investment contract with contributors, who on the other side can anticipate future benefits in the form of dividends. Dividends can be represented as a revenue share or as a price appreciation.

Minefield worth venturing to

These days, it is challenging to navigate the legal minefield of security tokens. Even acquiring a proper licence to be able to sell security tokens on crypto exchange takes a long time in months. The prices for legal services and licences are tremendous. Although countries like Malta, Gibraltar and Switzerland are building legislative frameworks for new companies to operate, there is still a long way from achieving a smooth boarding process.

We got the cold shoulder in Czech Republic. There is no official procedure or licence that would allow us to offer our tokens there. Our lawyers suggested to try it out in other crypto-friendly countries and that seems to be a valid way to do it. Now it’s just a matter of time.”, says the main investor and CEO of Sonata.ai, Eduard Sedlmajer. The company is pushing forward to acquire all necessary legalities to provide trading of STOs on its platform.

Sonata.ai to take advantage of STO

Sonata.ai is a crypto exchange created in co-operation with brokers and Forex analytics. The platform is built on a security-first approach and offers advanced AI features to improve overall user-experience. Sonata.ai’s own security token SONT will reward it’s owners with 80% from all collected fees. These rewards will be sent to registered supporters once they pass the KYC procedure.

In addition, Sonata.ai is currently working on its way to become full STO trading framework – an exchange market for security tokens. This, in combination with the aforementioned revenue model, makes it a perfect example of an STO with great prospects for the future.

Platform that delivers

Sonata.ai is being co-created together with active traders. The focus point of the designers is to create a straight-forward interface with a minimalist concept combined with a functional approach. The exchange also offers margin trading for its users, a feature much anticipated by token holders. Margin trading is a way to multiply a traders’ profit in the case that a trading operation is successful. The team of Sonata.ai is perfecting an AI-based system, that will automatically pair lenders and borrowers and close the trade before the lender gets himself to the red numbers

Main features of Sonata.ai:

  • Unprecedented security on cold storage.
  • Built to perform at every level.
  • Margin trading protected against a negative trade.
  • Social network elements, including chat rooms.
  • AI-based price prediction.
  • AI-based trading assistant.
  • Bot-friendly API.
  • Simple and transparent listing of coins and tokens.

The finished exchange promises to be a seamless trading experience with long-term profit for both brokers and holders. The platform will be officially launched in first half of 2019. For more information about Sonata.ai please check out and peruse our webpage www.sonata.ai.

For media inquiries, please contact Radim Bastan at radim@sonata.ai. If you would like to meet with a representative of Sonata.ai during the January tour, please send an email to Tomas Prochazka at tomas@sonata.ai.

Ethereum’s Network Upgrade via Hardfork : Constantinople !

Ethereum’s Network Upgrade via Hardfork : Constantinople !

Ethereum’s open-source development team announced a Hardfork at Block 7,080,000 ;which might be around 16th January, 2019,which was earlier to be scheduled in October,2018.

Key takeaways of the Hardfork in laymans terms :-

  1. It’s a network upgrade, no new coins to be generated.
  2. Reducing mining rewards from 3 ETH to 2 ETH.
  3. Reducing ETH’s inflation
  4. For Scaling  network.

Its expected that this Hardfork is going to improve the Ethereum’s Network exponentially.

FOR updates check out twitter handle of the Constantinople lead team https://twitter.com/5chdn/status/1079095325325955073

 

YouTube’s Blockchain Rivalry is here !!

YouTube’s Blockchain Rivalry is here !!

Rival of Youtube !! Yes you heard it right; a South Korean Crypto Company named SUCON came up with  SU-WORLD; a online media contents streaming platform.
SUCON literally means ‘ SUPER CONNECTION ‘ and ready to be  the intermediate fulfilling the objectives of SUCON.

SU-WORLD  definitely compensates the content creators with SU-COIN , but interestingly viewers will be paid for watching and commenting ; which would make the platform more engaging and all rewards would be based on SU-COIN and the market it attracts. As the advertisers can select their form and design to get their target audience and furthermore help themselves for legitimate marketing.
For Miners there is a innovative method ‘ Storage Renting System ‘ which would compensate miners for storing the various media contents.
These days major advertising-driven platform like Facebook and Google  are phasing out ads for cryptocurrencies, shielding themselves from potential legal liability, if the ads are scams or the digital coins are eventually regulated as securities. Video creators with an interest in cryptocurrency say that’s also a factor driving them away from the big names.Platforms like SUCON are decentralized ,keep more power—and potentially, privacy—in the hands of creators and users. 

◆ Just the creation of SU-WORLD by SUCON  solved following problems :-
1. SECURITY
–  No chance of hacking with the help of DLT.
2. Eliminating need of Big Data Center
– With ‘ Storage Renting ‘ for miners.
3. Copyrights protection
– All Transactions on Ledger.
4. No Brokers
– Decentralized and P2P interaction.
5. Commission Free Platform
– Creators/Viewers well compensated .
6. Ultra High-Speed
– Thanks to the DLT of transactions.

Creators can expect to retain significant control with blockchain sites because there are few barriers if they decide to leave, Like email, it’s relatively easy to switch to a similar site if one doesn’t likes. And because of the decentralized nature of SUCON, tech-savvy users can find ways to post controversial material, even if he tries to block or ban it. With blockchain, people will finally have the chance to be rewarded for their time, attention, and data. No longer will their valuable data be controlled by a few giant companies.

Check more at www.sucon.io

Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!