BLOCKCHAIN.IO - WHAT THE DIFFERENE
Cryptocurrencies Power the Internet of Value
In Blockchain.io’s vision the Internet of Value is the next level of evolution of the Internet. The internet of value enables users to securely trade assets, rights, goods and services, globally and around the clock, without the involvement of a centralized authority, or traditional financial intermediaries, or so called ‘trusted’ third-parties.
The Internet of value is built on multiple decentralized, automated, transparent, and secure blockchain-based value networks. Different networks operate different versions of the blockchain, which in turn are fueled different cryptocurrencies such as Bitcoin, Ether, or Litecoin. Each network meets the needs of certain types of transactions, such as high-value payments or title registry, or the needs of specific trading communities, such as a network of autonomous objects or an industry sector.
Blockchain.io as the leading exchange in the Internet of Value will enable users to trade across all these value networks.
Cryptocurrency Exchanges Enable Users to Navigate the Internet of Value
Cryptocurrency exchanges enable users to trade across multiple value networks powered by heterogeneous blockchains.
As the number of cryptocurrencies grows, cryptocurrency exchanges become the marketplaces for listing and trading cryptocurrencies. In the current context, users mainly buy cryptocurrencies as a store of value, in anticipation of a future value increase. As exchanges list multiple cryptocurrencies in one place, supply information about them, enable comparisons, and set bid/ask prices according to demand, they help separate the valuable cryptocurrencies from the useless ones. Investors become increasingly discriminate in their choices of cryptocurrencies as a store of value or as a utility token.
As technological and regulatory barriers to the Internet of value will be lifted, cryptocurrencies and decentralized value networks will gain mainstream acceptance. To trade on these different networks, users will need to buy multiple digital currencies and to exchange them as their needs evolve.
Blockchain.io will list a careful selection of cryptocurrencies: Proof-of-Work (POW) coins such as Bitcoin, Ether or Litecoin, Proof-of-Stake (POS) coins like Qtum or Stratis, Directed Acyclic Graph (DAG) coins, and other cryptographic protocols yet to be designed and minted.
Essential Features
http://tinyimg.io/i/bPKSdNn.pngUltra-Secure & Decentralized
The centralized part of the exchange offers highly secure custody services with cold storage and cryptographic proof of reserve.
Cryptocurrencies are held in cold storage (offline) for at least 98% of reserves.
A cold wallet access requires multiple signatures.
“Bitcoin introduces a platform on which you can run currency as an application on a network without any central points of control. A system completely decentralized like the internet itself. It is not money for the internet but the internet of money.”
Andreas Antonopoulos
In the same way as the Internet redefined global communication, Bitcoin and other cryptocurrencies are now reinventing money and value transactions.
Before Bitcoin, money was defined by State sovereignty over a territory. From now on, any community can mint its own money in form of a cryptocurrency or digital token and start trading without any central supervising authority.
In 2017 alone, Initial Coin Offerings (ICOs) raised around $5 billion. Each project was financed by a community of token holders who became its ambassadors. There are now already tens of millions of token holders.
Bitcoins and digital tokens are like better, smarter cash. They are programmable money. Immediately liquid, indefinitely divisible, and instantly transferable, they can be programmed to meet the needs of particular assets, rights, goods, or services or of specific communities.
In the coming years, we will see a multitude of cryptocurrencies being deployed. New cryptographic developments and payment applications will allow us to transact in all these currencies, with the traditional “fiat” currencies retaining their role as price anchors/index currencies.