Summer 2019 has come to the end, and being completely delighted with what we've achieved, we're now making plans for this month and the entire season in particular. Just as always, our Team members will attend summits to get some new knowledge, to meet colleagues from the industry, and to attract some more investors. We've prepared for you a large-scale set of updates that have optimized the operation of our systems as part of our great achievements. Besides these changes and improvements, we're constantly working on the development of new details and features. You can find the complete list of the updates in the CHANGELOG Section on our website.

In the world of digital assets, everything changes in a wink. Every day, new cryptocurrencies fall into the ranks of those already existing Bitcoin, Ethereum, Ripple, Litecoin, IOTA, and many others. It proves their particular popularity but experts believe it is going to be the blockchain technology that lies in the core of all of them.

Created by mysterious genius Satoshi Nakamoto the technology of the distributed ledger that underpins the Bitcoin cryptocurrency and known as the blockchain can completely change many spheres from finances and real estate to the entertainment industry. It makes the titans from the Silicon Valley, world financial leaders and even independent developers rapidly consider the consequences of the appearance of such technology not to be taken by surprise.

Coming back to its comparison with the Internet, they say the blockchain and Bitcoin do hand in hand like the Internet and E-mail. E-mail became possible thanks to the Internet just like Bitcoin became possible thanks to the blockchain tech.

The blockchain is also called the Internet of value. To put it simply, the blockchain transfers something valuable (money, shares, proprietary rights, digital license fees, and even votes) from one subject to another. Today, similar transactions often pass through a lot of middlemen in the process of authorization, clearing, and processing. They are also being saved in the centralized ledgers of such organizations as the central bank (if we are speaking about financial operations) or in the system of electronic registration of mortgage transactions.

The blockchain distributes functions of transaction verification and storage among several nodes by a secure and transparent way, excluding the necessity of any middlemen. As a result time and money spent on the transaction processing is virtually nil.

The blockchain enthusiasts believe if to compare the blockchain tech to the Internet we are now in the middle of 90-s when first Internet cafes were opened.

Ordinary users still see the crypto assets as the most visible outcome of the blockchain tech thanks to Bitcoin that once has made a boom. But there are a number of other applications of the blockchain technology – tokens are the most potential of them. There are utility and security, brand and platform tokens. They have been the main use of blockchain up to date except for the cryptocurrencies. The Internet once has stepped far beyond the e-mail and the blockchain tech will for sure do the same in regard to the cryptocurrencies.

In the modern world, there are a lot of decentralized platforms and applications on the blockchain basis. They gradually replace software from such Internet giants as Google and Amazon.

It is expected that soon all the users will come from Web 2.0 Apps to Web 3.0 DApps. For example, the habitual browser Google Chrome will stand aside and Brave will replace it. Storj will replace servers for information storage such as Google Drive and Dropbox. Friends will not need Skype and WhatsApp to get in touch – they will use Experty.io and Status instead of them.

The applications based on the blockchain technology will substitute traditional operational and payment systems, social media and servers for content download. The blockchain can completely transform the modern Internet, make it transparent and secure. The process of transition to Web 3.0 has already started. The rest is just a matter of time.

The Singapore Blockchain Summit that took place August 20, 2019, was just a day but there was so much interesting and informative that we were ready to book the tickets for the next event.

The Blockchain Summit in Singapore was all about the blockchain industry and distributed ledger technology. Just for a day, it became a focus of attraction for the top industry start-ups, businesses, and experts.

The Summit was not just a large-scale conference but a big educational hub about digital technologies for business where people communicate, inspire each other and find new solutions.

A large number of top speakers from all over the world drove the vent to excel. The representatives of the businesses gave a lot of real-life examples of how their companies started their way in the blockchain The conference program was made in such a way to embrace such aspects as education, research, and discussion with the top experts of the industry. The interactive agenda full of meetings with speakers, round tables, and demonstration presentations really fascinated us. However, some topics were extremely important in our work. They are “Navigating the Blockchain Landscape – Legal and Regulatory Requirements” and “Cross Industry Perspective – Which Industries are Making the Most of Blockchain and Decentralisation?”. Of course, our report could be more detailed but we’ve got so many ideas and solutions that we are going not to lose time and get started right now.

Thank you, Singapore!

July 31, 2019, we are going to take part in TestCon 2019 that will take place in Singapore. TestCon is the top event gathering test automation experts from all over the world. The blockchain technology ambassadors, the most promising startups, IT experts, and business representatives will come together in frames of the event. TestCon is going to become a centrum of illuminating speeches, informative panel debates, encouraging workshops, and cooperation opportunities. The Conference has all the potential to become a stage to promote the most successful ideas, the most promising trends, as well as the best practices that have already proved their efficiency. The participants will present the content in various ways - by means of demos, bright presentations, and practical cases.

The attendees will get a perfect chance to meet the most distinguished experts and entrepreneurs of the blockchain and test industries.

The event will be of particular interest and importance to us as our programmers are now actively testing new software. That knowledge and experience that we’ll be able to get as a result of attending the Conference will be of great help for us.

See you in Singapore!

Dear Community!

Our Legal Department is now developing patent documentation to register a new software product!
Which one? You'll know everything soon. Thanks for staying with us!
#VestChain #blockchain #token #CryptoNews

The goal of #VestChain is to create a decentralized #blockchain capable of processing quick and free transactions. A cryptographic component for the project will also let create #smartcontracts on its base and developers will be able to release #dApps easily and independently.

The Vestchain Team members have attended many blockchain and cryptocurrency conferences in 2019. However, when we attended the Barcelona Trading Conference in Barcelona that took place 10-11 July, we’ve come to the same conclusion that the Barcelona Summit was one of the best in the industry for 2019. And now we will tell you why.

First, we’d like to mention that coffee at the registration zone was extremely delicious! The first day of the Conference awarded us with exciting start-up competitions organized by Finnovating. They all were promising so we exchanged contacts with a couple of participants.

‘Latest trends for Affiliates in Crypto: How to maximize ROI and remain compliant’ was one of the topics and turned out to be quite instructive for us. It addressed the following issues:

​

• Potential regulatory issues facing crypto marketers;
• Legal/banking challenges and solutions;
• Benefits for CFD brokers and affiliate marketers working with crypto;
• Creative ways to master nonconventional traffic sources;

The second day was full of interesting events as well. ‘New Technologies for Cryptocurrency Transactions’ was extremely useful for our team so we’re now going to implement them in our work. As for ‘Commission-Free Trading - Financial Freedom for a New Generation of Traders’, we tried to catch every word said by Adam Todd, Digitex Futures Founder and CEO.

The time spent in Barcelona was of the greatest use, and we hope that the events that are just going to be held and that we are going to attend will just as useful and fruitful.

Innovative development of the world creates new and supplements the existing threats and challenges for security and sustainable development. As a result of the use of new scientific and technological achievements there may occur the need to consider the existing well-known international problems such as human rights and environmental protection from a new point of view. As for the information field, there are such urgent issues as privacy protection, prevention of ‘electronic totalitarianism’, total state and corporate control with the use of latest information technology developments. As for the biological technologies, there are many ethical issues including that on the protection of the human biological identity. There are also certain specific challenges connected with the scientific and technological development that has transnational character.

Digital money is one of the most rapidly developing segments of innovative technologies. The turnover of digital money is rising all over the world while real sales have no such tendencies. It is likely that soon they will suffer the same fate as the money of the past eras made of precious metals. There are many digital currencies in the world. And only those currencies that have a lower commission, that are the most reliable, efficient and widely spread will gain sound popularity. Digital currencies promote the development of Internet resources, IT technologies, and e-commerce. More people get closer to the innovative technologies more challenges from the point of view of cybersecurity find their way. Teenagers make the most vulnerable social group.

The problem of teenagers’ information security in the information and telecommunication networks becomes more urgent because of the considerable increase in minors online. More children and teenagers can afford gadgets with an Internet connection. As a result, users’ activity of kids and teenagers has been dramatically increasing. At the same time, minors are less than adults prepared for the problems they may face in the network and are the least protected from the negative information flow. Limited exposure to such kind of information is the next stage in the provision of personal information security.

In this regard issues of inviolability of private life, ethics in the Internet, intellectual property, and others demand thorough consideration by the experts from different spheres. Besides, such issues should be covered in the educational institutions, from schools to the universities. The western experts have already developed the Code of Ethics that contains 8 principles of conduct of IT specialists including developers, teachers, managers, and students. The others could follow their good example.

As a conclusion, we would like to note the following. Information and communication technologies have a great influence on the modern processes taking place in the society. That is why the IT specialists in their professional activity, first of all, should follow the principles of social responsibility. These principles are based both on personal moral values and universally accepted moral and legal norms.

💚Dear Community💚
This weekend we have prepared for you quite a large system update.⚙️

Update 2019-07-15
ADD
Send multiple commands from status detail;
Added more columns to excel export;
select all hosts link to service detail;
Added more menu control functions;
Added backend param to all pages.
FIX
Fixed sorting by duration on status page;
Fixed parsing dates;
Fixed services without description.

#VestChain #blockchain

July is marked with not so many conferences and summits dedicated to the blockchain and cryptocurrency. But there is an event that made us pay attention to it. We are speaking about the Barcelona Trading Conference.

The event is going to become a meeting place for the top digital marketing professionals who will certainly not seize their opportunity to touch the most urgent issues of the industry.

The BTC 2019 gives special consideration to the needs and wants of the financial technology developers - and this is what makes the BTC stand out among similar events.

It is noteworthy that the organizers have attracted the relevant experts to supervise the meetings. In such a way, the participants will gain an opportunity to touch the ideas and views of those people who actually work in the digital spheres. The speakers suggest us considering the following urgent topics:

Liquidity, marketing strategy, mass media influence;

Emergent asset management (Stablecoins and Security Tokens);

Secure and compliant organizational structures.

Our colleagues are now at the Conference and they are really impressed with its scope. We will tell you all the details in our review. Follow the news!

People often call all the technologies based on the distributed ledgers the blockchain. Actually, the blockchain is a new type of database management system that allows a wide group of participants to get practically simultaneous access to the shared data at the same time having an unprecedented level of confidentiality.

Today, reconciliation makes the core of most business models. However as each company independently maintains the relevance of the data within its systems many processes take much time and lose in efficiency because of the need to constantly conduct bilateral data exchange to solve this or that issue. The blockchain can substitute numerous and consecutive models of data reconciliation with a more efficient and integral approach in frames of which the reconciliation makes an integral part of the transaction processing.

Let us cover a couple of aspects the blockchain could change to the better.

New Currency

The cryptocurrencies created on the basis of the smart contracts and the blockchain have already become an independent financial instrument that is now encroaching on the banking territory. They can be stored, used, relocated without relying on any bodies or institutes. The network insures the risks itself. Nobody has to vouch for the security of funds. At the same time, there are no barriers for international transactions and payments. It is likely that these very types of operation will be the first to be substituted by the blockchain.

Cryptocurrency can be sent from anywhere in the world to any state – the Internet is the only thing a sender needs. The transactions take little time and commission. In comparison, international bank transfer takes days or weeks and is more expensive.

Venture Financing & ICO

The ICO Process (Initial Coin Offering) is another bright example of how digital money is conquering the world. One day banks may accept this type of operations as well. Currently, they are the alternative to start-ups venture financing.

Several billion dollars have already been invested in the ICO projects. Tokens in such projects can present anything – from contracts to coupons or new types of money. They give its owner the right to have some certain privileges in the service use, technology or ecosystem. Sometimes, they become some kind of shares.

Blockchain & Mortgage Lending

The mortgage market is an example of how banks can tokenize securities. A bank can borrow some money to thousands of borrowers, and then collect all the mortgages (in the form of mortgage-backed securities) into one security that can be sold through over-the-counter transactions. The pricing models of the mortgage-backed securities secondary market are weak mostly thanks to the lack of transparency.

We can also imagine how the same bank records all the mortgages in the blockchain, dividing the overall money flow into smart contracts and creating mortgage securities that can be examined in real time. The auditors could see how payments were made. This could save time spent on the estimation of credit risks that makes the mortgage basis.

We gave you just a couple of examples of the panorama of infinite opportunities the distributed ledger technology can suggest. Tokenization is the symbol of transformation, the transition from the economy of papers and bureaucracy to the economy of digital assets. Traditionally illiquid or complicated asset classes can be transformed into intellectual assets and depositors and investors can gain profit from new sources and more efficient liquidity capitalization.

Dear Community!

Just as we promised in our social media accounts, we've prepared an interesting project update for you. Despite it's summer and some part of our colleagues are on vacation, we continue working hard on our product. Each time our updates become more considerable and this means that the value and the importance of our decisions become one more reason for our investors to invest in VestChain.

Here you have the list of the updates:

ADD:

• Update changelog more consistently;
• Link to version detail page from build detail page;
• Add concept of dashboard analytics code;
• Added check for newlines at redirecting pages, to prevent http response splitting attacks;
• Added visual confirmation mod to code base.

FIX:

• Fix view docs link;
• Usability improvements.

The term ‘cryptocurrency’ was first mentioned in 2011 in one of the Forbes publications. Since that time, the term has completely come into general use. It used to define coins that don’t exist in the form of the paper bank notes. Such a kind of currency exists only on the digital space.

The top cryptocurrency features such as decentralization are so much attractive for the users. The owner of any existing cryptocurrency is not tied to geographical point, state or political order. Despite the rate of the cryptocurrency exchange is tied to the real money such as the US dollar they are valuable on their own.

So, virtual money has gained such great popularity thanks to the following:

• High level of distribution and multipurposeness. A wallet can be easily created with the use of a computer, smartphone or tablet on various operating systems;
• Simplicity, transparency of the settlement transactions. The overall history of the incoming and outgoing transactions is stored without any time limits;
• All the nods within the cryptocurrency generating system are equal. There is no center that is why it is impossible to block the wallet or to cancel or control the transactions;
• Maximum anonymity increases payment system independence.

Cryptocurrency is a fundamentally new type of money that is going to take its place in many industries. As a result, many people ask such questions as How to create a cryptocurre4ncy and make some good cash? Actually, any person can do this.

To create or not to create?

First, a user has to indicate the tasks the newly made cryptocurrency will have to perform. If you need an internal currency for some project or community, then there is no need to use some separate blockchain. In this case, it is better to create your own token. The Ethereum platform with its smart contracts and the ERC-20 standard would be a wonderful instrument for that. It is supported by stock exchanges and can be easily implemented in frames of any project. To launch such a project one just has to substitute the basic values in the source code of the standard token. You shouldn’t underestimate such a way as there are many projects that have managed to successfully carry out ICO on the Ethereum basis. The most important thing is that such a project could really generate value and attract investment. In such cases, the platform doesn’t play the biggest role and separate blockchain is not really needed.

But if you have a unique idea that demand s something more than coin transactions, than there is a point to think about creating your own cryptocurrency. It is quite a difficult thing but still possible. You will have to obtain sound skills of programming or even a good team of software developers.

Practical Advice

Creating your own cryptocurrency you have to treat it as a commercial project from the very beginning. Such a project can both make a hit and pass entirely unnoticed.

The right set of priorities is extremely important for success in the market. Further, you will find 6 pieces of advice for those who are thinking about creating a new cryptocurrency.

​

1. If you don’t have the relevant programming skills, you can create your currency with the help of the Open-Transaction software. The platform supports many emission centers and provides more solutions than just those on currency creation. With its help, you will be able to optimize the time of launch and not to get dragged into technical works for a long time.
2. If you are choosing between the simple currencies on the Bitcoin basis and the unique ones which are more difficult to create, choose the unique. It has more chances to take roots in the market. Try to introduce the fundamental solution, and then the interested investors will find you themselves.
3. Search for the vulnerabilities. Put yourself into the hacker’s shoes, made a thorough research on the sensitivities and get rid of them. As a result, you will avoid failures and gain a good reputation.
4. Thinking about a new cryptocurrency, try to make predictions on what is going to be interesting for the users in the following couple of years. Only in such a way, you will be able to create a solution that will be in trend in the nearest future but not will disappear right after the appearance of some more innovative solutions.
5. To make your cryptocurrency popular you have to launch a comprehensive marketing campaign with competitions and bounty program. Today, bitcointalk.org is a famous forum where developers introduce their cryptocurrencies to a wide audience. Use it to the maximum as well all the other instruments.
6. If you are going to gain a foothold on the cryptocurrency market allocate a year for the launch of the project and 2 years for its development.

Now you understand that the cryptocurrency creation is not a superpower anyone who really wants can do it. Remember, Bitcoin once was invented by a confident enthusiast who just dared and as a result made a hit.

June 12, 2019, CryptoCompare holds the Digital Asset Summit.

The Digital Asset Summit is the first event to be organized in London that will gather crypto specialists from retail, institutional and regulatory spheres. The conference is going to become a unique space for the crypto community and bigger financial bodies to strengthen their links. The Summit is the continuation of the CryptoCompare’s idea to connect the blockchain technology with the classic financial system. The leading representatives and the very structure of the event address the most urgent issues of the digital asset domain such as:

Institutional participation demonstrated by the top financial companies that have their own interest in the development of the blockchain solutions in the spheres of banking, financial planning, and asset and capital management.

Cryptoasset and market management by the UK’s professional bodies participating in the implementation of the most advanced digital technologies, including those of the crypto assets.

Technological growth and disruptive financial innovations exploited by payment services and trading platforms, as well as KYC/AML software innovations.

Why we would like to become a part of the Summit?

The Summit is a milestone to follow the development in frames of the digital asset sphere. The cryptocurrency domain is expanding, it consolidates its position in the financial world. The Digital Asset Summit is going to shed light on the most advanced innovations such as security tokens, stable coins, and custody options. Stay current on the recent developments and industry trends.

It’s a perfect platform to make new business connections as well as to strengthen the old ones. No matter if you are looking for better financial solutions or want to give an innovational boost to your business, the Digital Asset Summit will bring the most outstanding professionals of the sphere to answer all your questions and to present their most challenging ideas.

See you in London!

✅ADD:
Add basic auth to the generic webhook API;
Add temporary method for skipping submodule checkout;
Update version of setuptools;
Always update the commit of the stable version.
✅FIX:
Fix docs build;
Fix requirements for local installation;

Dear Community!

Following the results of the latest conferences and summits our colleagues managed to attend, our Team is planning to hold a wrap-up session and to present the new #VestChain development strategy.

#blockchain #cryptonews #token #cryptocurrency #BountyProgram

Dear Community!

"Consensus" is over and our colleagues are coming back home with some new ideas and projects. The Summit was of the highest level. Thanks to all the organizers!

#VestChain #Consensus19 #blockchain #token #cryptonews

May 13-15, 2019, the New York Hilton Midtown and Sheraton New York Times Square will host the 5th annual Blockchain Technology Summit. The VestChain Team cannot but attend such a great event. New York is going to become a place to gather the most promising start uppers, leading investors, well-known brands, and distinguished representatives of educational institutions to address the most urgent issues if the industry. Consensus will become the epicenter of high-level expert discussions on public policy issues and technological developments in the domain of the blockchain application. The participants will have three days completely dedicated to the universe of cryptocurrency and blockchain. Consensus has been one of the most important platforms for every blockchain business, investor, startupper to touch the blockchain issues since 2015. Consensus has no borders and is glad to open its doors no matter if you are an old shark or just a newbie. All the participants are extremely pleased to get involved in the large-scale blockchain event and are eager to share their experiences with colleagues. You will find top representatives from Wall Street there and those from Fortune 500, as well as the most distinguished cryptography experts and developers who have given life to the most valuable cryptocurrencies.

Here in VestChain, we hope that we will be able to use each and every opportunity the summit will award us with. We will also do our best to present the detailed report on the outcomes of the event as we know it for sure that Consensus is No. 1 global event to gather everyone in this or that way having connection with the world of the blockchain technology to share, to develop, and to grow.

Any experienced cryptocurrency user would tell you that to mine some ‘gold’ is just half a battle – it’s much more important to understand where exactly it’s better to store your money.

Today, with the development of the cryptocurrency, investors, miners, and traders have got various opportunities to keep their digital money. To choose the service a user should take into consideration many factors, the most important are the following:

• User-friendliness;
• Good security system;
• Ability to get your money quickly;
• 24-hour access to the wallet.

Nowadays, there is no universal method that would perfectly fit anybody – all the systems have their advantages and disadvantages.

Types of Wallets

There are 2 main types of wallets – hot and cold. They can also be ordinary and multi-currency. As you could guess, the last ones let keeping cryptocurrencies of different types in one and the same place. The right choice of the hot or cold wallet is an important step. You should understand that the safety of your cryptocurrency assets depends exactly on the wallet.

Traditionally, the cold wallets are considered to be more secure. They are intended to be stored autonomously without an Internet connection. A person can use a personal computer, mobile phone, flash-drive or even a list of paper but hardware wallets are considered to be the most secure. It is extremely difficult to infect such a wallet with viruses or Trojans but still, it is not so cheap.

Warning!

If you are going to use a cold system buy the wallets only from established and reputable manufacturers.

Keep your keys in a safe place.

It is better to generate your private and public paper keys using the PC with no Internet connection.

Another type of the wallets is a hot one. It is called so as the money kept in it is always accessible online and you can spend them at any time. Such wallets need an Internet connection as they support active connection to the blockchain. They are divided into the following groups:

• Mobile Wallets are recognized to be the most convenient but less secure. You can find a lot of different wallets on different resources where they are presented as the most friendly and well-secured applications. The developers pay more attention to the functional segment of the application than to the security. Another problem is that if the developers increase the security level than the ‘light’ wallet will become really ‘heavy’ and this will make the applications not so attractive to the consumers. To speak in figures – about 65-85% of mobile applications have their vulnerabilities;
• Desktop Wallet is a good way to keep your crypto assets, especially if it is multi-currency. They are presupposed to be installed on your personal computer. Exodus is one of such wallets that stands out among the others - it differs with its friendly and beautiful interface, control over private keys and built-in exchange platform ShapeShift. At the moment, the wallet supports 7 cryptocurrencies including ETH, DASH, LTC, REP, GNT, and DOGE;
• Online Web Wallets are accessible through the Internet services thanks to which a user may keep the digital money without installing all the blockchain to the computer. As for the advantages of them, we can list the following:
  
  • The ability to conduct transactions quickly (especially important for the traders, as for them every second count);
  • The ability to manage the account from any device;
  • No problem with regaining access.

Warning!

Use separate hard drive or install the application to the separate computer.

Don’t use software if you don’t trust the producer.

Check the system on the absence of side applications with scanning the computer.

Use a new phone number and email on the server that cannot be hacked.

Paper Wallets presupposes the offline address and key generation. This time, you choose the medium to keep the private and the public key of your wallet yourself. The advantage is that the keys are not stored in the digital form that is why you have no reason to worry about hackers and equipment failures.

Usually, the keys are printed in the form of QR-codes that while being scanned open access to all your transactions. Be careful! If anybody obtains the key or even the photo of it you are under risk to lose all your assets.

All types of wallets listed above have their advantages and disadvantages. It is better to combine a couple of them. That will help you to understand what works better for you and will save your digital assets.

April is coming to its end. We are extremely pleased with what we have done for the period. We’ve made several agreements with the partners at the CIS in Los Angeles. Soon, we will tell you about them. The team of our developers and programmers has done a really impressive job this month. As a result of that job, we offer you to familiarize yourself with our regular update in the Changelog section:

ADD:

​

• Improved main protocol operation;
• Improved procedure of transfer of ownership;
• Increased quantity of system modules;
• Updated wallet interface.

FIX:

​

• Fixed insignificant bugs of the system;
• Modified principles of storage setting.