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19. November 2018 admin

How do you plan to establish decentralization?

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The Helix Network introduces so-called “Validator Nodes”, whose primary task is to link milestones to the tangle and to arrange the respective “cutset”, i.e. an interval from milestone to milestone+1, linearly. Milestones are transactions that carry a special digital signature and are ultimately responsible for confirming transactions. Using the “Schnorr Digital Signing Algorithm”, the validators would collectively sign the milestone to be set so that each network member can prove the authenticity or origin of the milestone.

What is your incentive for cryptosoft network participants?

The validators execute a modified “practical Byzantine Fault Tolerance Algorithm” (pBFT) to agree on milestone and order. The probability of being selected as “Primary” or “Leader” is proportional to the respective “reputation” of the cryptosoft validator. Scalable Bias Resistant Distributed Randomness” is used to select the primary. The network is completely permissionless, so joining the group of validators does not require any approval – it is only the reputation that decides whether the validator exists or does not exist. The reputation value of the validator is derived from the entire Proof of Work assigned to it by Fullnodes or Lightnodes. In the Helix network, each participant inevitably chooses a specific validator, to which he commits himself with the respective transaction. Incidentally, this fundamental concept is what makes the smooth integration of Smart Contracts and Proof of Useful Work possible in the first place.

In addition to altruistic incentives such as very low energy consumption, there is also an economic interest. Validators will be able to manage so-called “fabrics”. Fabrics are a combination of compute nodes assigned to a specific task, such as protein folding. A client can send its data set for processing to a “fabric primary” (e.g. validator), which in turn forwards it to the fabric intended for the task. The reward is distributed fairly between all compute nodes within the fabric, while the fabric primary receives a commission. In this respect, a validator has a strong incentive to improve its reputation.

What are the crypto trader you are targeting?

Helix and some crypto trader partners are currently working on a number of use cases, which will serve as timely proofs of concept on TestNet. More details about the scam will be announced by onlinebetrug in due course.

Our main focus at the moment is on “Beams”, a bio-marketplace that enables the secure transmission of sensitive bio-data and thus sets a milestone in personalized healthcare. It will also enable the streaming or subscription of a stream of biologically valuable data against compensation. It should be noted that the integrity of the data must be quantified in order to create an attractive offer for research and industry.

Our second use case, which we can already mention here, is “Decentralized Cloud Computing as a Service”, which focuses on the fabrics mentioned above. As already mentioned, these fabrics represent a combination of compute nodes that perform resource-intensive computing tasks in return for compensation. In this way “meaningless” proof of work is eliminated and at the same time an attractive reward system for our network participants is created. Our Decentralized Computing combined with Storage and Databases as a Service forms a Decentralized Cloud (DPaaS).

16. November 2018 admin

Thanks to Bitcoin revolution: Refugees can pay by iris scan

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In cooperation with the World Food Programme (WFP), the United Nations Unit for Gender Equality and Women’s Empowerment (UN Women) wants to use blockchain technology to help Syrian refugee women in crisis situations.

Since 2012, UN Women has been supporting women in refugee camps with the largest cash-for-work programme aimed at women. As the name suggests, women have received cash for their work to date. However, external financial service providers such as banks were also involved in this process. Now the World Food Programme (WFP) wants to support UN Women in helping the refugees in the refugee camps Za’atari and Azraq in Jordan with state-of-the-art technology. In the future, they will have direct access to their funds and be able to store their accounts securely in a blockchain network.

Money from the Bitcoin revolution

With the help of the Bitcoin revolution, UN Women and WFP want to offer female refugees the opportunity to withdraw money in supermarkets commissioned by the WFP or to pay for their purchases directly. The WFP has already successfully implemented a similar Bitcoin revolution project. “Building Blocks” provides 106,000 Syrian refugees in Jordan with cash transfers via a blockchain-based system.

Phumzile Mlambo-Ngcuka, UN Women Executive Director, explained the motivation behind the Blockchain project in a press release of 18 September:

“We know that women in crisis and displacement situations tend to have less digital literacy than men, and they lack access to the technology and connectivity that are so important in today’s world. UN Women is partnering with WFP to change this by using innovative technologies to drive change for women in the most difficult situations and accelerate progress towards the economic empowerment of women on a large scale”.

David Beasley, Executive Director of WFP, is also pleased with the collaboration:

“At WFP, we will explore all ways to provide the most efficient and effective means to those who need it. Our work with UN Women to help female Syrian refugees is another sign of this innovative spirit. In this case, we use technology to further influence the lives of those we serve.”

Money by Bitcoin loophole

The money earned is fixed on the Bitcoin loophole and can only be managed by the person who earned it. To ensure this, the WFP has developed a system that many only know from films: the iris scan. So the eye is scanned and only when it matches the data on the Bitcoin loophole it is possible to withdraw the money or to spend it directly in the supermarkets of the WFP. This method guarantees extraordinary security. While one can lose one’s private key, one’s own eye usually remains in place.

This method was first used by the WFP in February 2016. In cooperation with the United Nations High Commissioner for Refugees (UNHCR), it was able to help 76,000 Syrian refugees in the Jordanian refugee camp Zaatari to buy food from camp supermarkets without cash, vouchers or e-cards. The iris scan alone was necessary to check the account balance at the responsible bank. The transaction was finally processed via the payment service provider Middle East Payment Services. With UN Women’s new project – typically Blockchain – the middlemen bank and payment service provider have been eliminated.