Category Archives: Internet

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Decentralized Internet Platform Arbolet Announces English Localization

arbolet

The internet has developed to be one of the most dependable digital tools in the world and has everyone connected by some piece of technology. Many activities take place on the internet making the world shrinking into a global village – becoming smaller and defying all cross-country boundaries.

As powerful as the internet is or can be, allowing only a few individuals to define or control the internet, goes against the very nature of the internet – decentralization. Despite the connected nature of the internet, personal boundaries and privacy issues are still very much a problem today.

Czech Republic-based internet platform Arbolet proposes an alternative ‘internet’ – an ecosystem free from censorships and placing privacy at the core of its operation. All the stuff that could be done on the regular internet such as shopping, streaming of digital contents, making money, social media and digital asset investments are inclusive with the advantage of true freedom from censorship and restrictions.

The Platform

The platform comes off as a complete internet tool that is crypto-friendly. It has its own bitcoin wallet facility that allows users to make as much as 21% interest per annum with the option of stabling the asset to fiat currency to avoid the harsh effects of price volatility of the cryptocurrency market.

The efforts of the banks are directed towards independence from the traditional banking institution by enabling their users to earn more when in control of their own funds in the form of cryptocurrency.

Arbolet’s earnings mainly come from investing bitcoin funds into exciting projects. Arbolet has different components that make up the platform: the wallet, personal payment gateway for online shopping, an information center where cryptocurrency news are offered, Bitcoin mixer, games, and quizzes.

Platform Features

  • Easy to use: the platform has a set of instructions to guide new members on how to use the platform.
  • Accessibility: the platform is designed to meet all types of user needs; it has been optimized for those with visual difficulties in order to maximize user experience.
  • Reward: Activity: This is the fuel for the platform and the more users engage with the projects within the platform the more earnings they receive.
  • Asset Security: Arbolet is designed with the ability to transact cryptocurrency among users with utmost security and privacy. The project developers have taken into consideration the need for top-notch security to outdo the current traditional banking systems. Arbolet founders are of the opinion that someday cryptocurrency on the internet will be the sole currency and it is preparing itself for that future, enabling users to transact with cryptocurrencies through its gateway.
  • Peer-to-Peer Multimedia Platform: As part of the objectives of Arbolet, they built an ecosystem that will promote mutual objectives and multimedia project creation and execution. It’s a well-incentivized community that works toward building a holistic internet ecosystem. The system functions on the basis of a decentralized P2P node network.
  • Content Distribution Network: the community build up multimedia contents by contributing and they get paid to do so. The platform in turns offers a variety of multimedia contents from around the world with secure download links to each content. As an added advantage of the platform, the founders developed an algorithm that creates a domain marketplace for cryptocurrency projects.

Strength Through Experience

Arbolet has been operational for the past three years and has registered more than 25,000 users mostly from the Czech Republic. It has now announced the English localization of its platform to expand its service reach to a global audience.

The financial scope of the project is one of the core objective of the platform, to enlighten people about cryptocurrency and educate them on investments with digital assets like Bitcoin and how to buy Bitcoin using fiat currencies. This way, they are making a path for crypto adoption through enlightenment.

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Internet Comes to Cuba, Will Cubans Comes to Crypto?

Internet Comes to Cuba, Will Cubans Comes to Crypto?

Thursday, 6 December 2018, marks a milestone in the history of Cuba; for the first time, residents will have access to the internet on their mobile phones, potentially to cryptocurrencies also.

With relevant news still breaking, there are no clear answers yet which cryptocurrency exchanges will be accessible in the region, although presumably there will be no firewall restrictions.

Estimates have nearly half of the country’s 11.2 million residents owning mobile phones, although the number that can afford internet access is considerably lower. The state-run telecoms monopoly ETECSA announced two internet packages. The cheapest is a 600 MB, 30-day deal for CUP 7 (Cuban peso worth about USD 0.26), compared to the average state wage which stands at USD 30 per month.

Still, this is an enormous potential for growth of the cryptocurrency industry to enter a new country if citizens are inclined to invest, which may well be the case considering the Communist-led Cuban state is thought to restrict autonomy for people’s economic lives.

One of the reasons the government has restricted access to the internet in the past is its concerns regarding information flows into the country, which it feared could lead to political dissent. This has held the country back significantly in terms of technology. Cuba’s capital city Havana, famous for its vintage American cars, shows just how far this lack of modern resources reaches.

Wi-fi access has slowly been growing across the country in recent years as small modernizations begin to appear, with internet even being offered in a few cybercafes. Mobile phone access gives rise to the opportunity of mobile banking, however, and blockchain-backed wallets.

The quality of the internet service itself and the accessibility of it for the majority of the population is still a big issue, but maybe we will be seeing the first Bitcoin accepted here sign in the city sooner rather than later.

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Chinese Supreme Court Says Blockchain Can Be Legally Binding

China‘s Supreme Court set an international precedent Friday by adjudicating that blockchain evidence can be seen as legally binding in court, effective immediately.

The decision comes with the minor caveat of courts requiring both parties in each case to provide evidence that blockchain technology was legitimately used in the manner they claim.

The ruling puts an end to any uncertainty surrounding the legality of blockchain-backed evidence provided during proceedings. The Chinese Supreme Court cited this as including ”digital signatures, reliable timestamps, and hash value verification or via a digital deposition platform”.

Companies that offer these services may well expect to see a growth in their number of clients given the added value in being legally recognized, particularly in cases where their intellectual or creative property can be protected by a blockchain platform as it is usually the more economical choice.

Setting a national standard

Since the first internet court was established in Hangzhou, China last year to deal specifically with internet-based disputes usually involving digital data, a number of questions regarding how and where blockchain evidence can be used have emerged.

In June this year, a copyright infringement case saw blockchain accepted as evidence in the deposition as legally viable with the judge commenting, ”We can’t exclude it just because it’s a complex technology. Nor can we lower the standard just because it is tamper-proof and traceable.”

In this specific case, the main question was whether the plaintiff’s blockchain-backed evidence could be seen as proving the authenticity of their work, in a similar way to a traditional notarization service. The judgment approved that it could indeed, due to the fact that the Bitcoin and Factom blockchains used in the case first hash all content uploaded, then store this on a distributed network.

 

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Bitcoin Predicted to Dominate Future of Online Marketplaces

Bitcoin is becoming the world’s number one internet currency. This is according to Jack Dorsey, the owner of Square. He says that Bitcoin will emerge with time to become the Internet’s “native currency”, with the increasing popularity of the currency to overrun other internet currencies and become a preferred medium of exchange.

Bitcoin’s predicted future dominance

Jack Dorsey predicted the future dominance of Bitcoin back in March 2018 during an interview with Elizabeth Stark of Lightning Labs, where he expressed belief that when native internet currency emerged, Bitcoin would be at the fore..

Speaking during the Consensus 2018 Conference in New York, he said that the internet deserved a native digital currency that would become the mode of all payments for all transactions running across the web.

The digital marketplace

The concept of digital currency is entrenched in the world of online trade. In many instances, new digital currency such as Bitcoin has been the subject of discussion.

“Similarly, a day never lapses at Square without people discussing the idea of Bitcoin dominating the future of all internet transactions,” added Dorsey. Despite some people being skeptical about the digital currency, the open access policy will inspire its quest for dominance in all internet payments.

Payments solutions boosting the rise of Bitcoin

Additionally, the payment solutions developed for blockchain recognizes the significance of Bitcoin.

“At Square, any payment that comes across our table, the seller should be able to accept it,” remarked Dorsey. Square is in the payment industry and applauds Bitcoin’s role in ensuring swift and safe payments through the internet.

Square has a system that accepts Bitcoin payments. According to Mike Brock, an engineer at Square, the reason why they settled on Bitcoin is because of its simplicity.

Simple payments

Mike and Dorsey were eyeing simple internet payments that would work like any other common dollar payments. With Bitcoin, simple transactions like coffee purchases would not look any different as a transaction, so much so that cashiers might not even notice that the payment was in Bitcoin.

Square will build systems that will accommodate the payments for consumers and merchants. It wants to push for the acceptance and the dominance of Bitcoin payments by developing payment solutions. However, according to Dorsey, the goal for all these payment solutions must remain the same – just like walking into a coffee shop and making payments with Bitcoin.

 

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