it's one good idea to develope the bitcoin community.
www.coincola.com can help more people to know bitcoin, have bitcoin, and use bitcoin.
Topic: Coincola agents registration: you are Bitcoin first impetus (Read 2520 times)
cool, a multisig marketplace.
CoinCola.com Multisig White Paper
https://pbs.twimg.com/media/Bv9ENmmCEAEUd_M.jpg:large
Script language of Bitcoin is not complete, but it still provides convenience for application development. Bitcoin has powerful vitality that it can developed by itself. Multisig is based on the p2sh（pay to script hash） protocol which supported by Bitcoin. P2sh protocol introduces M of N （M≤N）judgment system of Bitcoin proprietary rights. That is, multisig site is created by several public keys, and transfer of Bitcoin is made by private keys. By utilizing this technology, we can solve many problems creatively. Next we will introduce how is multisig used in CoinCola.com (www.CoinCola.com) — the cryptocurrency trade e-commerce platform.
Two kinds of traditional cryptocurrency trade process:
1.Buyers transfer Bitcoin to sellers’ Bitcoin address directly. If there is a dispute between sellers and buyers, their credit is the only thing to be counted. (You can certainly choose to believe celebrities’ credit. It depends on you. Or you can choose face-to-face transactions, and then wait for confirmation for 6 times)
2.Based on centralized hosted services, you can transfer Bitcoin to centralized hosted account. In this case, hosted service providers have Bitcoin proprietary rights in essence. In other ways, platform’s private keys can control your Bitcoin. If There is an emergency such as moral hazard or hacer break-in, security of transaction wouldn’t be ensured. (This is the reason why need to worry about account security.. Your Bitcoin is controlled by other parties. Deposit is just a kind of restriction of ethics.)
CoinCola.com uses multisig to change the approaches to cryptocurrency trade
In cryptocurrency trade process with multisig of CoinCola.com. Buyers, sellers and platform each have a private key and their corresponding public keys. Based on a 2-of-3 multisig escrow, CoinCola.com is a safer and easier to use e-commerce platform that can safeguard customers’ property. It is important to note that both buyers’ and seller’s private keys is encrypted by users’ own password in browsers. It means CoinCola.com can never get users’ own private keys. CoinCola.com will create a multisig payment site according to buyers or sellers in transaction and platform’s public key. ( The site is possessed by three parties)
Describe the process of operation by CoinCola.com according to the process of refund
https://pbs.twimg.com/media/Bv9EvXpCAAAAUAl.jpg:large
1. Process of normal refund
When buyer applies for refund and enter the address of refund, the codes run in browser will sign the transaction which refund from the trade multisig site to refund site by buyer’s private key. Seller confirms refund and then the codes run in browser will sign the transaction by seller’s private key. In this case 2 of 3 parties sign the transaction, and then this transaction will broadcast to Bitcoin network. Buyer will get his refund.
2. Process of disputable refund
When buyer applies for refund but seller doesn’t agree, CoinCola.com will arbitrate the transaction based on information provided by both sides, such as express postal information. If CoinCola.com arbitrates in the refund, CoinCola.com and buyer will sign the transaction. In this case, 2 of 3 parties sign the transaction, and then this transaction will broadcast to Bitcoin network. Buyer will get his refund. (Maybe someone worries about CoinCola.com collaborating with buyers to conduct fraud. Yes, it is reasonable. But CoinCola.com doesn’t have to collaborate with someone to deceive just for such benefits. Technology solves 95% of problems, and the other is 5% of problem. CoinCola.com is already perfect)
Transaction in CoinCola.com：
1. Secure: Bitcoin in transaction is safe by multisig. CoinCola.com can’t Approprite customer transaction settlement funds and each Bitcoin is under the public supervision by both sellers and buyers.
2. Customer guaranteed: After normal Bitcoin trade, sellers can touch the money immediately and buyers are weak groups. In CoinCola.com, only after conformation by buyers can sellers get Bitcoins in trade. In this case, CoinCola.com protects the lawful rights and interests of consumers effectively.
3. Usability: Customers don’t have to know about complexity of multisig by technology packaging. The usage experience of CoinCola.com is similar to Taobao’s and EBay’s.
https://pbs.twimg.com/media/Bv9ENmmCEAEUd_M.jpg:large
Script language of Bitcoin is not complete, but it still provides convenience for application development. Bitcoin has powerful vitality that it can developed by itself. Multisig is based on the p2sh（pay to script hash） protocol which supported by Bitcoin. P2sh protocol introduces M of N （M≤N）judgment system of Bitcoin proprietary rights. That is, multisig site is created by several public keys, and transfer of Bitcoin is made by private keys. By utilizing this technology, we can solve many problems creatively. Next we will introduce how is multisig used in CoinCola.com (www.CoinCola.com) — the cryptocurrency trade e-commerce platform.
Two kinds of traditional cryptocurrency trade process:
1.Buyers transfer Bitcoin to sellers’ Bitcoin address directly. If there is a dispute between sellers and buyers, their credit is the only thing to be counted. (You can certainly choose to believe celebrities’ credit. It depends on you. Or you can choose face-to-face transactions, and then wait for confirmation for 6 times)
2.Based on centralized hosted services, you can transfer Bitcoin to centralized hosted account. In this case, hosted service providers have Bitcoin proprietary rights in essence. In other ways, platform’s private keys can control your Bitcoin. If There is an emergency such as moral hazard or hacer break-in, security of transaction wouldn’t be ensured. (This is the reason why need to worry about account security.. Your Bitcoin is controlled by other parties. Deposit is just a kind of restriction of ethics.)
CoinCola.com uses multisig to change the approaches to cryptocurrency trade
In cryptocurrency trade process with multisig of CoinCola.com. Buyers, sellers and platform each have a private key and their corresponding public keys. Based on a 2-of-3 multisig escrow, CoinCola.com is a safer and easier to use e-commerce platform that can safeguard customers’ property. It is important to note that both buyers’ and seller’s private keys is encrypted by users’ own password in browsers. It means CoinCola.com can never get users’ own private keys. CoinCola.com will create a multisig payment site according to buyers or sellers in transaction and platform’s public key. ( The site is possessed by three parties)
Describe the process of operation by CoinCola.com according to the process of refund
https://pbs.twimg.com/media/Bv9EvXpCAAAAUAl.jpg:large
1. Process of normal refund
When buyer applies for refund and enter the address of refund, the codes run in browser will sign the transaction which refund from the trade multisig site to refund site by buyer’s private key. Seller confirms refund and then the codes run in browser will sign the transaction by seller’s private key. In this case 2 of 3 parties sign the transaction, and then this transaction will broadcast to Bitcoin network. Buyer will get his refund.
2. Process of disputable refund
When buyer applies for refund but seller doesn’t agree, CoinCola.com will arbitrate the transaction based on information provided by both sides, such as express postal information. If CoinCola.com arbitrates in the refund, CoinCola.com and buyer will sign the transaction. In this case, 2 of 3 parties sign the transaction, and then this transaction will broadcast to Bitcoin network. Buyer will get his refund. (Maybe someone worries about CoinCola.com collaborating with buyers to conduct fraud. Yes, it is reasonable. But CoinCola.com doesn’t have to collaborate with someone to deceive just for such benefits. Technology solves 95% of problems, and the other is 5% of problem. CoinCola.com is already perfect)
Transaction in CoinCola.com：
1. Secure: Bitcoin in transaction is safe by multisig. CoinCola.com can’t Approprite customer transaction settlement funds and each Bitcoin is under the public supervision by both sellers and buyers.
2. Customer guaranteed: After normal Bitcoin trade, sellers can touch the money immediately and buyers are weak groups. In CoinCola.com, only after conformation by buyers can sellers get Bitcoins in trade. In this case, CoinCola.com protects the lawful rights and interests of consumers effectively.
3. Usability: Customers don’t have to know about complexity of multisig by technology packaging. The usage experience of CoinCola.com is similar to Taobao’s and EBay’s.
Coincola agents: You are our shareholders
Encryption currency payment is born to be international. WE NEED YOUR PARTICIPATION.
https://pbs.twimg.com/media/BwA8RCVCcAARgLQ.jpg:large
Join us to start searching this brand new area together, if you believe in Bitcoin.
Join us to change the world way to make payments, if you are interested in the 1% shares of coincola.
Bitcoin world needs Coincola.
Coincola has the confidence to be the best!
Encryption currency revelotion wants to move forward, not only need technology, but also need markets. If no body use Bitcoin to make trade, it is just a technology but not a real currency.
What Coincola want to change is: Make bitcoin be a hard currency, convince more bussinisses to be Bitcoin supporter and let each user gain secure more profits in the bitcoin purchase.
Our advanced multi signature mechanism, let each transaction become safe enough.
Our advanced concept of electronic commerce, let every business easily open free shops.
Our advanced encryption currency payments, let long-time international remittance become one-minute.
Therefore, if you are a fan of Bitcoin, if you want to participate in international e-commerce, if you want a better future,
Please join us, because Coincola will be a future e-bay.
Enlisting time: 2014-8-31 to 2014-12-31
If you are interested in this projects, please fill in the following information and please reply to this post!
Information need:
name
Nationality
Contact information
experience
Personal resume
your advantages
Notes：You can also send information by personal message or email(our email address: [email protected])
We will selet agents during the certain time and anounce one by one.
what an agent should do :
1 know the meaning of multi-sign and know the significance of multiple signature for encryption currrency.
2 know that Coincola is a technology driven company
3 persuade more people to trust Bitcoin
4 promote coincola encryption monetary e-commerce platform in your country
5 Open up your area and national businesses
6 Give guidance to the bussinesses invited by you
7 Recommend excellent bussinesses to Coincola.
8 Contact and communicate with Coincola platform instantly.
If you succeed to be the first Qualified Coincola agent in your country, we will give free bitcoin ATM to your country.(10 machines in the first phase)
Notes：if your country does not accept Bitcoin ATM now, we can give it to your country at another approriate time.
https://pbs.twimg.com/media/BwA73GECYAA5-ww.jpg:large
Explore more:
About us: http://youtu.be/UyYaTqN2eec
1 what is coincola? http://www.coincola.com/items/53fc4dadcea3522a2a02df9e
2 technology white paper http://www.coincola.com/items/53fc4d21cea3522a2a02df99
3 agents mechanism http://www.coincola.com/items/53fc4f20cea3522a2a02dfa7
4 Option Scheme http://www.coincola.com/items/53fc4dadcea3522a2a02df9e
Encryption currency payment is born to be international. WE NEED YOUR PARTICIPATION.
https://pbs.twimg.com/media/BwA8RCVCcAARgLQ.jpg:large
Join us to start searching this brand new area together, if you believe in Bitcoin.
Join us to change the world way to make payments, if you are interested in the 1% shares of coincola.
Bitcoin world needs Coincola.
Coincola has the confidence to be the best!
Encryption currency revelotion wants to move forward, not only need technology, but also need markets. If no body use Bitcoin to make trade, it is just a technology but not a real currency.
What Coincola want to change is: Make bitcoin be a hard currency, convince more bussinisses to be Bitcoin supporter and let each user gain secure more profits in the bitcoin purchase.
Our advanced multi signature mechanism, let each transaction become safe enough.
Our advanced concept of electronic commerce, let every business easily open free shops.
Our advanced encryption currency payments, let long-time international remittance become one-minute.
Therefore, if you are a fan of Bitcoin, if you want to participate in international e-commerce, if you want a better future,
Please join us, because Coincola will be a future e-bay.
Enlisting time: 2014-8-31 to 2014-12-31
If you are interested in this projects, please fill in the following information and please reply to this post!
Information need:
name
Nationality
Contact information
experience
Personal resume
your advantages
Notes：You can also send information by personal message or email(our email address: [email protected])
We will selet agents during the certain time and anounce one by one.
what an agent should do :
1 know the meaning of multi-sign and know the significance of multiple signature for encryption currrency.
2 know that Coincola is a technology driven company
3 persuade more people to trust Bitcoin
4 promote coincola encryption monetary e-commerce platform in your country
5 Open up your area and national businesses
6 Give guidance to the bussinesses invited by you
7 Recommend excellent bussinesses to Coincola.
8 Contact and communicate with Coincola platform instantly.
If you succeed to be the first Qualified Coincola agent in your country, we will give free bitcoin ATM to your country.(10 machines in the first phase)
Notes：if your country does not accept Bitcoin ATM now, we can give it to your country at another approriate time.
https://pbs.twimg.com/media/BwA73GECYAA5-ww.jpg:large
Explore more:
About us: http://youtu.be/UyYaTqN2eec
1 what is coincola? http://www.coincola.com/items/53fc4dadcea3522a2a02df9e
2 technology white paper http://www.coincola.com/items/53fc4d21cea3522a2a02df99
3 agents mechanism http://www.coincola.com/items/53fc4f20cea3522a2a02dfa7
4 Option Scheme http://www.coincola.com/items/53fc4dadcea3522a2a02df9e
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