Blockchain
G999: GSB Gold Standard Banking introduces revolutionary block chain ecosystem
The world of financial currencies is likely to take a big step forward, and the Principality of Monaco seemed the perfect place to test innovations at the moment.
With this in mind, GSB Gold Standard Banking Corporation AG (GSB), a leading German software, IT and blockchain group, has chosen the Monte Carlo Conference Centre in Monaco to launch an unprecedented technology that will make transactions of crypto currencies much easier and above all much faster.
During a glamorous opening ceremony, in the presence of a large crowd of international press and news agencies, Josip Heit, Chairman of the Board of Directors of GSB and his team of international software and hardware developers presented a unique electronic money system in the iconic golden hall of art (Salle des Arts) “G999″, Card device and app in one, inspired by the deflationary token economic model, which allows fast payments, micro-fees and a variety of other options, including a communication network that guarantees customers absolute privacy, which will be impossible to decipher with today’s technology. Enjoy the great future of the digital age,” announced GSB’s CEO, introducing Alexandru Cocindau, Chief Technical Officer (CTO, Technical Director) of the GSB Group, who chairs the internal Group Development Group.
G999 is based on the idea that block chain technology must ensure compliance with environmental regulations, in particular the promotion of energy saving. At the same time, it meets the current need to manage personal data in a completely secure and risk-free space, away from the mainstream web network through a decentralised data centre.
G999 enables tokens (Tokens are basic building blocks for operations with cryptographic values: Only those who have a valid token are allowed to execute a transaction on the associated block chain) to store, trade and use tokens almost simultaneously in a wide ecosystem without being dependent on intermediaries such as banks or payment processors. In addition, for the first time it offers wallet communication, a spam hacker-free e-mail service and a voice & chat system that is fully integrated into the platform. The way this system works is likely to make it impossible for decades to eavesdrop on or intercept, among other communication channels, making this system more than just system relevant.
Our block chain ecosystem is open-source and based on computer technology, which allows anyone to develop their new or established business according to a proof of stack model (Proof of Stake is a process by which a block chain network reaches a consensus on which participant may generate the next block),” emphasised the CEO of the GSB Group of companies based in the Port of Hamburg.
A targeted academy has also been created to regularly support each user in all steps with texts and technical videos in order to facilitate the use of this new tool in a simple and secure way. “We truly believe that only a well-informed community is able to benefit from the entire ecosystem”, Alexandru Cocindau underlined. Thus, G999 has a multitasking character and allows information tokens and additional spy-proof services without the risk of external manipulation.
“Blockchain is not just a bit coin, it is something great that can be used for different purposes in almost all industries”, emphasised Josip Heit during the international press conference. “In my opinion, it is one of the best technical creations of modern times,” he added. “As far as the cost of the Blockchain platform is concerned, it is dynamically calculated according to the amount of information you send through the platform; our goal is to make this technology fully accessible to everyone worldwide,” emphasised CTO Cocindau.
G999 will indeed interact continuously with users and inform them of the actual balance according to its use in transparency. “To prevent spamming, we have introduced a charging system that makes every malicious message so expensive that it hinders its distribution,” added Cocindau.
Questions during the press conference, such as Do you see the current economic crisis due to the pandemic as an opportunity or as an obstacle to the promotion of G999, answered Josip Heit, CEO of the Group, which has partners in 120 countries around the world, by saying: “I don’t want financial advice, but I trust in digitisation and any existing infrastructure that comes with it. In this respect, there are many improvements that we can make to speed up the processes in the global economy and make them more user-friendly”.
For those who want to know what G999 means, the “G” is derived from the initial ‘gold’, as GSB Gold Standard Banking Corporation AG is based on the gold market with the aim of transporting this precious metal around the world in a way that is easier for traders and users. During the two years of development, a completely new communication system was designed, focusing on security and efficiency, G999 is the result – like 999 percent pure gold.
The youngest member of the group, GSB Gold Standard Bank Limited, with an A-Bank licence, banking licence number: B2020020, IBC Register: HY0050034, Mohéli, (in banking terms, a banking licence is the official licence to operate a credit institution), will be responsible from 15th October 2020 for the consulting, support and listing of the various exchange platforms, including the all-round theme of G999 block chain, staking and telecommunications. GSB Gold Standard Bank Limited concentrates within the group of companies on operating independently of the fiat currencies (fiat currencies are object (Euro, Dollar, Yen, Ruble, British Pound, Swiss Franc and all others, without any intrinsic value, which serve as medium of exchange, the opposite of fiat money is commodity money, such as gold), here responsible for the block chain exchange platforms. It should be mentioned that G999 will be available on the open market from 15 October 2020.
In summary, G999 opens the door to a perhaps not so distant future, in which there will no longer be any circulating currencies as we know them today, and which will be replaced by a global virtual currency system.
Not only in the Principality of Monaco as an internationally known financial hotspot, the journalists present were certain that G999 will play a primary role in the development of innovative cash solutions in the future. Further information on G999 can be found here: https://G999main.net
GSB Gold Standard Banking Corporation AG, Frau Melanie Berger, Große Bleichen 35, 20354 Hamburg, Telefon: +49 40 300 66 88 – 190, Mail: [email protected]
Web: https://www.gsb.gold/
Source: RealWire
Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
Blockchain
Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak
Johann Polecsak argues that existing blockchains face significant challenges in adopting post-quantum cryptography without causing substantial disruption to users. This assessment highlights the complex and multifaceted nature of transitioning to new cryptographic standards in blockchain networks.
Post-quantum cryptography refers to cryptographic algorithms that are resistant to attacks from quantum computers, which have the potential to break traditional cryptographic schemes. While post-quantum cryptography offers enhanced security, implementing it in existing blockchain networks poses technical, operational, and usability challenges.
Polecsak suggests that transitioning to post-quantum cryptography could require significant changes to blockchain protocols, consensus mechanisms, and user interfaces. These changes may disrupt existing workflows, require modifications to software and hardware infrastructure, and necessitate coordination among network participants.
Furthermore, Polecsak emphasizes the importance of ensuring backward compatibility and interoperability during the transition to post-quantum cryptography. This is crucial to prevent fragmentation of the blockchain ecosystem and maintain continuity for users and applications.
Polecsak’s assessment underscores the complexities and trade-offs involved in adopting post-quantum cryptography in existing blockchain networks. While the transition promises improved security against quantum threats, it requires careful planning, coordination, and investment to minimize disruption and ensure a smooth transition for users and stakeholders. As the field of post-quantum cryptography continues to evolve, blockchain projects will need to carefully evaluate their options and strategies for implementing these new cryptographic standards.
Source: news.bitcoin.com
The post Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak appeared first on HIPTHER Alerts.
Blockchain
Tech Trends Shaping Retail: From AI to Blockchain
Various technology trends are discussed that are shaping the retail industry, from artificial intelligence (AI) to blockchain. These trends are driving significant changes in how retailers operate and engage with customers, offering new opportunities for innovation and growth.
Artificial intelligence (AI) is highlighted as a key technology trend that is revolutionizing various aspects of the retail industry. AI-powered solutions enable retailers to analyze vast amounts of data, personalize customer experiences, optimize supply chain operations, and enhance decision-making processes. From chatbots and virtual assistants to predictive analytics and recommendation engines, AI is enabling retailers to deliver more personalized and efficient services to their customers.
Blockchain technology is another trend shaping the retail industry, offering benefits such as enhanced transparency, security, and traceability in supply chains and transactions. By leveraging blockchain, retailers can improve inventory management, streamline payments, prevent counterfeit products, and enhance trust and accountability throughout the supply chain. Additionally, blockchain enables retailers to create decentralized marketplaces and loyalty programs, providing new opportunities for customer engagement and loyalty.
Other technology trends discussed in the article include augmented reality (AR) and virtual reality (VR), which are transforming the way consumers shop and interact with products online and in-store. By enabling immersive shopping experiences, AR and VR technologies allow retailers to showcase products more effectively, reduce returns, and increase customer engagement and satisfaction.
Technology trends such as AI, blockchain, AR, and VR are reshaping the retail landscape, driving innovation, and enabling retailers to meet the evolving needs and expectations of consumers in an increasingly digital world. As retailers continue to embrace these technologies, they are poised to unlock new opportunities for growth and differentiation in the competitive retail market.
Source: 365retail.co.uk
The post Tech Trends Shaping Retail: From AI to Blockchain appeared first on HIPTHER Alerts.
-
Blockchain Press Releases3 days ago
DeFi Lens builds advanced Generative AI for Technical Analysis
-
Blockchain3 days ago
Venezuela’s Oil Giant Turns to Crypto as US Sanctions Bite Again
-
Blockchain3 days ago
Halving weakness sees $206 million exit crypto funds, Bitcoin miners pivot to AI
-
Blockchain4 days ago
PairedWorld Earns Blockchain Award Nomination, Secures $1.5 Million in Private Token Sales, and Welcomes BlackRock Venture Partner to Advisory Board
-
Blockchain2 days ago
Global Payment Gateway Industry Report 2024: Seamless Integration with In-Game Virtual Currency Systems Enables Payment Gateways to Contribute to the Monetization Strategies of Game Developers
-
Blockchain3 days ago
PairedWorld Earns Nomination for Best Blockchain Project for Social Impact, Secures $1.5 Million in Private Token Sales, and Welcomes Paul Taylor Who Is a Venture Partner at BlackRock to its Advisory Board
-
Blockchain1 day ago
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
-
Blockchain4 days ago
DeFi Technologies to Present at the Blockchain & Digital Asset Virtual Investor Conference April 25th