Doesn’t seem to matter how good the triangles look, Bitcoin and cryptocurrency as a whole is just not budging. Although weekends are historically not the best performing days for a cryptocurrency. Seems to be some money to made trading this volatility though, so some people out there are loving this I can assure you.
And others are definitely going to be the guy at the bottom: https://www.reddit.com/r/Bitcoin/comments/8pzvz3/common_practice/ Because that just makes sense.
If you’re questioning the efficacy of Bitcoin as a tool to change the world just on it’s rather slow price activity of late, this quote which is sourced below puts it right into perspective.
Fiat is an unlimited supply in a limited space, bitcoin is a limited supply in an unlimited space. It’s just adoption that one lacks and the other does not.
https://twitter.com/realludvigart/status/1005703016249372678?s=21
- realludvigart
https://twitter.com/go_eos/status/1005265375007686656
- go_eos
VeChain
VeChainThor Public Testnet is now available.
https://twitter.com/vechainofficial/status/1005049295660199938
- vechainofficial
So not a lot of news to cover today, so I thought now would be a good time to talk about another under the radar cryptocurrency review, and a new hardware wallet which I think is awesome, called CoolWallet S, and I’ll explain why I bought one and will likely replace it as my hardware wallet of choice. When it arrives I may also make a setup video for it too, although if you’re used to hardware wallets, you’ll know what you’re doing.
Introduction 1
Problem 1
Solution 1
Why Blockchain 2
Team 2
Development 3
Roadmap 3
Partners 3
Market 4
Conclusion 5
Introduction
Proxeus provides a framework of easy-to-use tools for anyone to create blockchain applications in just a few hours.
Problem
With the added value of blockchain, companies are being pressured to digitize their processes.
But only companies with enough funds can afford to invest in blockchain as it requires experts and a lot of time to develop from scratch.
Yet, as the past as shown, companies will have to embrace blockchain as with computers in the 70s, internet in the 90s, cloud in the 2000s and mobile devices in the 2010s.
Solution
Proxeus solution to the blockchain is what WordPress was for building a website.
Proxeus provides a platform with all the back-end infrastructure to allow businesses to focus on the front-end creation of dApps that can be tailored to their needs and compatible with their current systems, in a simpler, affordable and quicker way.
Thus Proxeus enables any company to digitize and run their legal, financing, sales, production, HR or payment processes in the blockchain.
Companies traditional methods can then be phased out with minimal disruption.
Why Blockchain
Proxeus combines three layers on top of a blockchain: Proxeus Core, Modules and DApps.
Proxeus Core will have a suite of modules that can be combined to create document-based blockchain apps (DApps), covering a wide range of use cases and business models (certification, tokenizations, reports, smart contracts, voting).
These DApps can then be used by anyone through a webclient or a mobile application.
Proxeus Core will be able to connect to other Hyperledger-based blockchains than Ethereum through a smart contract abstraction layer.
The Proxeus Token (XES) is a general-purpose cryptocurrency that will have multiple utilities in the Proxeus economic model:
● XES will be required to operate many of the modules and applications in the Proxeus ecosystem;
● XES will need to be used in many forms in a digital document lifecycle, from generation to distribution, storage usage and smart contracts integration.
Team
The team seems to have solid background and expertise with offices already in Switzerland, Liechtenstein, Portugal and Singapore.
They are looking to expand further their team members and advisors.
Recently hired two advisors - the CEO of Centrality and the former CEO of the SIX Swiss Exchange.
Development
Roadmap
The Proxeus project started in 2015 and it has been in continuous development and testing with a series of industry leaders.
Early this year, Proxeus won a Swiss Fintech Awards 2018, after had worked with companies like IBM and Swisscom to reduce a 6 weeks process to only 48 hours when it comes to register Swiss companies, establishing a world record time.
In another recent use case, Proxeus created in just 4 days a dApp for the Swiss CIF University to certificate a course on the blockchain.
Until early July 2018, Proxeus will be working on phases 2 and 3 of their close beta.
Anyone that wishes to test Proxeus can already register for the open beta launch scheduled for Q3-4 2018.
Partners
Proxeus has already partnered with:
● MOUNT10, a high security data storage facility, to allow Proxeus off-chain encrypted data storage;
● Mercuria Helvetica, a Swiss auto investment specialist, to assist them with certification of authenticity and condition for fine collectible cars.
Several potential future partners have already expressed the need for Proxeus.
Market
Proxeus ran it’s XES token sale around February 2018 where it raised $25 million in two days with zero marketing budget; Investors paid between $0.14 (pre-sale) and $0.19.
XES is a low ranked coin with a current $15 million market cap, being traded at around $0.08 per token.
If it at least reaches its similar competitors, like Ark and Arcblock, then gains between 6 and 16 times are possible.
It’s currently registered in a few minor Exchanges, still leaving any big Exchange to list it, which usually pushes the price up considerably.
Conclusion
Proxeus is working in a platform that will definitely have very high demand with increase adoption of blockchain.
The already award-winning team behind Proxeus, with a product being developed since 2015, has already shown successful use cases and reported increase interest from potential future partners, especially in such a crypto-embracing and financial relevant country as Switzerland.
CoolWallet S
The Ultimate Bitcoin Wallet
Table of Contents
• Credit card-shaped cold storage device: It supports Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash. And other ERC20 tokens (currently EOS only)
• Mobility: world’s first mobile Bitcoin hardware wallet made for iPhone and Android. App available in Appstore and playstore.
• 100% wireless via encrypted bluetooth
• Sleek design, feels like carry the world in you in wallet.
I. General Aspect
• The convenience of carrying with smart display screen alongside with higher security features are the prime promise of this product
• CoolWallet S device comes with single power cord & power dock. It can be Paired with Android 5 or later, or iPhone 5 (iOS 9.1) or later.
• The size of the wallet is almost close to any smart card which also comes with 12 months of warranty.
• The product has an e-paper display with bistable, ultra-low power consumption, good contrast ratio 7:1, wide view angle (almost 180 degrees and readable under sunshine)
II. Security
• The core of CoolWallet S is an ARM-based secure element and operating system is designed with Crypto currencies capability and enhanced security features like CC EAL 5+ certified secure element that is equivalent to FIPS complied security level similar as US military’s requirement
• Keep the currencies safe from hacking is the prime goal of any hardware crypto wallet, CoolWallet S wallet has emphasized this fact by designing the product with two factor authentication using SE (Secure Element: Common Criteria EAL5+ certified) chip to store Crypto currencies private keys
• CoolWallet S uses BIP 44 derivation path which defines a logical hierarchy for deterministic wallets based on an algorithm described in BIP 32. Also, it supports BIP 141(Segwit) alongside with BIP 44 derivate path for Bitcoin
• For the seed generation, it uses BIP 39 Protocol. So, the seed is a numerical number with the option of 12,18 or 24-bit numeric number
• The private key never leaves CoolWallet S in any case. Internet-device has to pair with CoolWallet S and then go through visual one-time password verification to communicate with CoolWallet S, which makes it safe to connect with any device
• It also designed with communication module including BLE (Bluetooth Low Energy 4.0), NFC (Near Field Communication) and an OTP (One Time Password) generator
• In case of lost wallet: No worries. Simply use your seed recovery card to renter your seed when you recover a wallet on the app
III. Durability
• Tamper-proof physical device
• Water proof but do not have CoolWallet S in water for more than 1 hour
• Household magnets are fine around it. However, it is not recommended testing the device with an electromagnet
• The CoolWallet S is bendable up to 15 degrees
• It can withstand cold temperatures as low as -10º and hot temperatures up to 50º C (14º F to 122º F)
Pretty solid stuff! The company claims coolwallet S will last for 2 years minimum!
The price of a single card is Approximately 189USD. And dual pack is cost around 299USD (approximately saving 79USD).
Compared with the existing other crypto cold storage, the price is a bit high. However, the price is speaking for itself by providing the extra security plus handy features like Bluetooth connectivity, dual authentication etc. Lastly, it is easy to carry, easy to use with highly secure hardware wallet.
Recommendation:
It’s a must Buy product. 5/5
