Hash Code Programmers | Blockchain Development Company
Hash Code Programmers Pvt Ltd (HCPPL) is a Blockchain Development Company in India, focusing on distributed ledger technology and smart contracts. Having head offices in the Zurich & India, HCPPL has an expert team of in-house blockchain developers has been building solutions for two years.
BlockCAT (Blockchain Complex Automated Transactions) allows anyone to create, deploy and manage smart contracts with a few clicks. The smart contracts deployment takes place on the ethereum blockchain. There is no programming needed to do this. BlockCAT realized that special software could be placed on Blockchains to be executed by a network of computers. This software is called a smart contract. Smart contracts will be the key to the realization of a world where computer related tasks can be done autonomously without the fear of external tampering.
Consumers can organize smart contracts, or even craft their own using the unique software.
Programmers are costly. BlockCAT made affordable smart contracts that can be accessed by those who need them.
The smart contracts are meticulously tested and examined by security experts to ensure they are safe to use and there is no risk when using them.
Mission Statement of BlockCAT:
“Our mission is to help everyone benefit from the security and convenience of smart contracts on the Ethereum network and beyond, unlocking the door to intelligent and automated commerce at scales never before possible.”
Our team was drawn together by the disruptive power of smart contracts when made accessible. We see a future where anyone can use smart contracts, regardless of technical prowess. Thanks to their commitment to simple design and the world’s growing need for intuitive solutions, BlockCAT is poised to usher in the explosive growth phase of smart contracts.
BlockCAT’s media advisor, Ben Stevens, said this of the possibilities that smart contracts have:
“BlockCAT makes smart contracts accessible to everyday users: a local club holding deposits for equipment, co-workers raise funds for charity, small business owners taking monthly payments from customers, huge companies managing their supply chain, communities holding transparent and verifiable voting. In the future, our visual smart contracts can even be combined and chained together, building out entire business models – the possibilities are truly endless. If the smart contract you need doesn’t exist, you’ll have the tools to create it.”
BlockCAT has the following core objectives:
Build and remain as the de facto platform for creating and deploying smart contracts in an accessible fashion by delivering a device-agnostic web portal and a broad set of configurable templates for rapidly constructing, deploying, and optionally extracting data.
Make smart contracts quicker to use, more efficient, easier to understand, and less Costly than current agreements, contracts, and multi-step payment solutions.
Provide smart contracts that are reliable and inexpensive enough that even the most
Technically acclimated smart contract developers will gain value from using our prebuilt or customized contracts, at a fraction of the time and cost of manual deployment.
Implement the tooling necessary to create smart contracts that have minimal risk of Failure.
Provide integration with a variety of other valuable services such as prediction markets, payment interfaces, and digital asset/currency exchanges.
Provide a marketplace for curating and selling smart contracts created by the worldwide blockchain community.
BlockCAT smart contracts are meant to be used for the following applications.
It is meant to ensure that people can safely purchase things online. Smart contracts will ensure that both buyers and sellers uphold their agreement so they can receive the goods and funds.
Currently, platforms like Kickstarter and IndieGoGo are popular for providing funds for entrepreneurs. However, there is no system in place to ensure that the project creators are accountable. Using BlockCAT, the entrepreneurs will be accountable for the funds they use. The increase in accountability of the project creators will make investors more confident in investingin projects since they will be sure to get returns.
Traditional polling systems face many threats since they operate off a centralized system. Using smart contracts as polls will make the process more transparent as the system will be operated autonomously, and there will be little risk of the results being manipulated. Anyone can also audit the results independently eliminating the need to manually program each poll.
An online auction is an area vulnerable to attack especially since it carries valuable information. Smart contracts will ensure that the entire process is monitored and both parties uphold their end of the bargain before the contract is executed. The auction will be done in a transparent way that is fair to everyone.
There are millions of ways which smart contracts can be effectively used. However, all of these variants can be categorized six ways:
An unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, but usually for Bitcoin.
Also called an Initial Public Coin Offering (IPCO).
BREAKING DOWN ‘Initial Coin Offering (ICO)’
When a cryptocurrency startup firm wants to raise money through an Initial Coin Offering (ICO), it usually creates a plan on a whitepaper which states what the project is about, what need(s) the project will fulfill upon completion, how much money is needed to undertake the venture, how much of the virtual tokens the pioneers of the project will keep for themselves, what type of money is accepted, and how long the ICO campaign will run for. During the ICO campaign, enthusiasts and supporters of the firm’s initiative buy some of the distributed cryptocoins with fiat or virtual currency. These coins are referred to as tokens and are similar to shares of a company sold to investors in an Initial Public Offering (IPO) transaction. If the money raised does not meet the minimum funds required by the firm, the money is returned to the backers and the ICO is deemed to be unsuccessful. If the funds requirements are met within the specified timeframe, the money raised is used to either initiate the new scheme or to complete it.
Early investors in the operation are usually motivated to buy the cryptocoins in the hope that the plan becomes successful after it launches which could translate to a higher cryptocoin value than what they purchased it for before the project was initiated. An example of a successful ICO project that was profitable to early investors is the smart contracts platform called Ethereum which has Ethers as its coin tokens. In 2014, the Ethereum project was announced and its ICO raised $18 million in Bitcoins or $0.40 per Ether. The project went live in 2015 and in 2016 had an ether value that went up as high as $14 with a market capitalization of over $1 billion.
ICOs are similar to IPOs and crowdfunding. Like IPOs, a stake of the startup or company is sold to raise money for the entity’s operations during an ICO operation. However, while IPOs deal with investors, ICOs deal with supporters that are keen to invest in a new project much like a crowdfunding event. But ICOs differ from crowdfunding in that the backers of the former are motivated by a prospective return in their investments, while the funds raised in the latter campaign are basically donations. For these reasons, ICOs are referred to as crowdsales.
Although there are successful ICO transactions on record and ICOs are poised to be disruptive innovative tools in the digital era, investors are cautioned to be wary as some ICO or crowdsale campaigns are actually fraudulent. Because these fund-raising operatives are not regulated by financial authorities such as the Securities Exchange Commission (SEC), funds that are lost due to fraudulent initiatives may never be recovered.
• Bitwalking is a digital currency introduced by project founders, Franky Imbesi and Nissan Bahar.
• A free mobile application is used to count and convert a user’s steps into Bitwalking dollars.
• Each Bitwalking dollar (BW$) is earned by walking approximately 10,000 steps, or 5 miles (8 km). While each BW$ will be equivalent to $1 in the Bitwalking online store, the real-world conversation rate of each BW$ is not known.
• The app is available on Android devices and in a limited number of countries including the UK, Japan, Malawi, and Kenya. The amount of Bitwalking dollars a user can claim per day was capped at 3BW$ at launch.
In developed nations the average person would earn around 15 BW$ a month, but it is hoped that in poorer countries where people have to walk further for work, school, or simply to collect water, the Bitwalking scheme could help transform lives.
How does Bitwalking mining work?
The Bitwalking mobile app sends the steps information to the Bitwalking network and will show the generated W$ only once the server has validated them. The steps validation process can take from a few seconds to several minutes. Once a step is verified it is assigned a W$ worth according to the current system wide step value. This sum is deposited to the user’s account.
Steps information is verified through a series of algorithms designed to maintain the consistency of the Bitwalking ecosystem. These algorithms range from basic step verification, through currency stability limitations, to advanced fraud prevention techniques.
Tezos is the first and only blockchain implementation operating with decentralized governance started by Arthur Breitman and Kathleen Breitman. The Breitmans also founded Dynamic Ledger Solutions (DLS), a company primarily focused on developing the Tezos technology and owns the Tezos intellectual property. The currency is being launched in an initial coin offering on July 1, 2017.
• Tezos is also known as the self-amending ledger.
• Tezos is a distributed consensus platform with meta-consensus capability. Tezos not only comes to consensus about state, like BTC or ETH. It also comes to consensus about how the protocol and the nodes should adapt and upgrade.
• Tezos has been in active development since summer 2014. Tezos is currently testing and bug fixes to move out of its prototype phase.
Features of TEZOS:
• Its blockchain technology has unique features which the Tezos team claim allows for the establishing of a “digital commonwealth” in which stakeholders themselves decide democratically the direction of the network’s rules and governance.
• Formal Verification: Tezos facilitates formal verification, a technique which mathematically proves the correctness of the code governing transactions and boosts the security of the most sensitive or financially weighted smart contracts.
• Collectively, the Tezos network maintains the decentralized aspect of blockchains while introducing a mechanism to enable collective decision making.7
• Tezos governance decisions are made in the blockchain rather than outside of it and are automatically deployed to the network once consensus is reached. This means that those who hold Tezos tokens have power rather than centralized core developers and miners. Developers are awarded tokens if their proposals are approved within the blockchain’s parameters. Tezos tokens not only power smart contracts in the network, but also allow votes on protocol amendments.
aeternity is a new type of Open-source, public, Blockchain-based distributed computing platform that innovates and expands upon existing platforms such as Bitcoin, Ethereum.
Real-world data can interface with smart contracts through decentralized oracles. (An Oracle is a mechanism that tells the Blockchain facts about the real-world we live in e.g. the weather today, the closing price of Apple shares on a particular date, any sports event outcome or even humans life events (Death, birth, …). æternity’s oracle system uses the same consensus mechanism as the æternity Blockchain itself which means that it does not require a separate consensus layer on top of the æternity main-net).
It provides a decentralized virtual machine which can execute scripts using an international network of public nodes all connected to the Blockchain and through state channels.
æternity also provides a value token called “æternity token”, which can be transferred between participants and is used to compensate participant nodes for computations performed. “æternity token”, are used to pay for space and computation time on the Virtual-Machine and prevents spam on the network while allocating resources (Storage & Computation time) proportionally to the incentive offered by the request.
Aeternity’s main mission right now is to become better Ethereum with faster smart contracts.
æternity’s Blockchain architecture with a Hybrid Proof-of-Work (POW) & Proof of Stake (POW) consensus mechanism. is primarily built for privacy and scalability. The Blockchain here only intervenes if the verification in the channels fails, or there is a dispute, acting like a crypto-court.
in order to become scalable, Aeternity will store a lot of data off-chain, in state channels.
Aeternity wants to solve the problems of scalability, decentralized providers of real world data, oracles, governance, and scripting safety.
It is like lightning network in Bitcoin or Raiden network in Ethereum. Also, they will use Chalang as the language of smart contracts.
Aeternity will use hybrid version of POS and POW. POW will be based on the Tromp’s Cuckoo Cycle, which is a form of ASIC mining, it will be more efficient than current Bitcoin mining in terms of electricity consumed. POW will be responsible for block order and issuance of new Aeons.
Aeternity will also be mined, so there is going to be inflation. The % is still not settled. Inflation leads to the erosion of value.
Crowdsale: Aeternity has already had ICO in April on Ethereum, but at the end, those Aeons on Ethereum, as I understand, will be converted later into Aeons on Aeternity blockchain.
ICO, which happened in April, was phase one. It collected 121 thousand ethers, which is a lot now in USD terms. Project will distribute 82% to investors, and the ICO will end when it will reach 21 million francs. Founders will get 17% of tokens. Allocation of funds will be disclosed later but the founders want to concentrate on hiring a lot of new blockchain developers .