Blockchain.io project is your gateway to the Internet of Value
As a cryptocurrency exchange, Blockchain.io will play a major role in the Internet of Value’s ecosystem. It will be the marketplace where cryptocurrencies will be traded against each other, a gateway to and a bridge across the multiple value networks powered by different blockchains/cryptocurrencies such as Bitcoin (BTC) and Ether (ETH).
Blockchain.io will combine the efficiency of a low-latency full-featured centralized exchange with decentralized “trustless” cross-chain settlement. The project leverages the latest developments in cross-chain atomic swaps, cryptographic protocols, and payment networks such as Lightning and Raiden. These developments will overcome the scalability issues of decentralized blockchains, allow transactions across heterogenous blockchains, increase the speed and lower the cost of these transactions, making them ready for mass adoption.
Blockchain.io is driven by the highly experienced team of cryptocurrency experts who, seven years ago, founded Paymium, a fiat/bitcoin exchange catering to the underserved Euro market. Blockchain.io shares Paymium’s highest security, reliability, and accountability standards. It strives to overcome the shortcomings of rival crypto exchanges that have repeatedly caused severe losses for issuers and token holders. To achieve this, the team relies on its advanced knowledge of cryptographic technology, its operational in-depth understanding of the crypto world, and a strong company culture committed to security and compliance.
Blockchain.io aims to be the cryptocurrency exchange of trust for individual and institutional traders and investors. It aims to combine a state-of-the-art low-latency cryptocurrency exchange with advanced decentralized settlement using the latest “trustless” cross-chain trading protocols to settle trades without the need for a trusted third-party or counterparty.
Blockchain.io aims to overcome the current shortcomings of the crypto exchange market by applying the highest standards in security, reliability, compliance, and accountability.
To achieve this, the team will rely on its advanced knowledge of cryptographic technology, its operational in-depth understanding of the crypto world, its strict discipline in software development, and its longstanding commitment to compliance and accountability.
The founders of Blockchain.io are a seasoned team with in-depth knowledge of cryptocurrency protocols. They pioneered cryptocurrencies in Europe in 2009. They subsequently created Paymium in 2011, making it the first European Bitcoin exchange. Paymium claims the highest standards in security, reliability and accountability, which will also be the hallmark of Blockchain.io.
Paymium has been operating hack-free since 2013. A company culture of commitment to security and technological competence are the underlying basis for this excellence.
In terms of compliance and accountability, Paymium is, to the best of our knowledge, the only crypto exchange whose financial accounts are fully audited by an external auditor with a European title equivalent to an American CPA. The platform applies on a voluntary basis, and complies with, European Banking requirements for anti-money laundering (AML) and know-your-customer (KYC) procedures.
Paymium and Blockchain.io offerings are a perfect pair and the logical next step to meet the rising expectations of the crypto world as it evolves into the Internet of Value.
The European cryptocurrency market is still up for grabs and Blockchain.io is determined to lead it. Blockchain.io will naturally address the untapped opportunity of the currently underserved European market.
European governments have adopted Fintech friendly policies. They regard blockchain developments as an extremely valuable tool to revamp financial services. Institutional and individual investors show a growing appetite for Bitcoin, Ether, and European ICOs. Most European regulators are open, with a wait-and-see attitude.
In Blockchain.io’s vision, these factors bring extremely compelling evidence of the strong growth potential of the European market.
Blockchain.io will be dedicated to exchanging cryptocurrencies against each other, a complementary offering to the founders’ fiat exchange, Paymium.
The Blockchain.io platform will combine the new-generation technology of a centralized custodial exchange with decentralized “trustless” cross-chain “fair exchange” settlement.
The centralized cryptocurrency exchange will be a low-latency, full-featured exchange with custody services, centralized order booking, and efficient order matching. As Blockchain.io grows, it will add more functionalities such as margin trading, proprietary lending, and peer-to-peer lending.
The decentralized cross-chain settlement will be based on cross-chain atomic swaps, i.e. cryptographic protocols that allow users to settle transactions across heterogeneous blockchain networks without ‘trusted’ third-party and without counterparty risk. This will represent a big departure from traditional markets and a major step toward the Internet of Value.
Blockchain.io will jumpstart liquidity in three specific ways:
ICO services offering to assist issuers with their ICO campaigns and ICO listings,
Listing of other tokens (Non-ICO),
Market making using Blockchain.io inventory,
Custody and brokerage services for institutional clients,
Incentive program for Paymium users to ensure the smooth and seamless transition of the community to the new services. The 170,000 accounts of Paymium will become the first community to access Blockchain.io services and the Internet of Value.
The Blockchain.io team will be the engaged drivers of the development of the advanced cryptocurrency protocols that will enable Blockchain.io’s decentralized settlement.
Blockchain.io leverages research and development by the most prominent software developers who are entering the cryptocurrency ecosystem in droves. Among them, the teams at Lightning Networks, Tumblebit, and Rootstock are constantly improving on-chain and off-chain cryptographic protocols to enable atomic swaps through hashed timelock contracts (HTLC), payment channels, and sidechains.
These technologies enable seamless trading across heterogeneous blockchains fueled by cryptocurrencies of different nature such as POW, POS, DAG, and others, such as POB. They also provide solutions to the scalability issues of Bitcoin-based blockchain and massively lower the cost of transactions.
The Blockchain.io and Paymium teams believe in a regulated future for cryptocurrencies 2.0.
While a few governments such as the PRC’s have temporarily banned cryptocurrency exchanges, most national regulators, such as the SEC in the US and the AMF in France are seeking to define a regulatory framework for cryptocurrencies and ICOs. Gibraltar issued its own token. Japan licensed currency exchanges, while considering, like Estonia, issuing State-sponsored tokens for specific uses.
Blockchain.io strongly believes that cryptocurrencies will be regulated, in various forms, extent, and degrees, depending on the country or region. Our philosophy for Blockchain. io is to anticipate regulatory requirements and become the first exchange to be fully compliant as soon as relevant regulations are being issued.
Blockchain.io considers this as an essential feature for the successful course of business. The team has engaged in regulatory watch and conducts frequent discussions with various State authorities to educate them in cryptocurrency issues and to ensure that the key values of the crypto community are understood and respected.
Compliance and security are closely intertwined, as are the legal and technology standards they imply. Mastering both will unleash the potential of the cryptocurrency ecosystem and trigger mass adoption among institutional and individual investors.