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Protocol Labs and ConsenSys Labs launch Filecoin accelerator program

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Today ConsenSys Labs announced that applications are open for the Filecoin Launchpad Accelerator, powered by Tachyon. This cohort will be focused on startups building more open, interoperable, and programmable tools, infrastructure, and applications for the distributed web through IPFS and Filecoin.

Throughout Fall 2020, between 15 and 20 teams will be provided twelve weeks of funding, mentorship, benefits, and programming around business and blockchain-specific issues, culminating in a Demo Day and post-program fundraising support.

Teams leverage access to the ConsenSys and Protocol Labs networks and expertise, ranging from entrepreneurs and legal advisors to pathbreaking technical researchers. Each team will receive $80,000 USD in funding. Teams can apply here, and applications close on August 21st.

ConsenSys Labs’ Tachyon accelerator will be unique this year in that it will be co-supported by Protocol Labs. Launched in 2014, Protocol Labs is an open-source research, development, and deployment laboratory whose projects include InterPlanetary File System (IPFS), Filecoin, libp2p, and many more.

At its simplest, IPFS’ goal is a fully distributed web, where applications don’t live in centralized servers, but operate over a network made up of users’ computers. IPFS aims to create a resilient, upgradable, open network to foster a more sustainable and accessible web infrastructure for all of humanity. Instead of trying to find content by who is hosting it, users search for the content itself. This means both faster and cheaper retrieval of data, no more reliance on centralized servers, and even an ability to access the web while offline.

The economic incentive layer for IPFS is a network token called Filecoin (FIL), which rewards miners to compete to properly store encrypted data on the Filecoin network. Since its crowdsale in 2017, Protocol Labs has been hard at work maturing the protocol and building toward its upcoming launch.

Filecoin’s testnet already contains 25 PiB of storage, thousands of data storage providers, dozens of applications building on the protocol, and over 1,350 open source software contributors. Filecoin’s incentivized testnet officially launches the week of August 3rd, 2020, with the Filecoin public mainnet expected to launch in Q3 2020.

All applicant teams building within the Protocol Labs stack, or even Ethereum projects considering integrating elements of the Protocol Labs stack, will be considered. These could include:

  • Infrastructure: Core infrastructure and developer tools to support encryption, file management/retrieval and basic onboarding onto the Filecoin and IPFSnetworks.

  • Middleware: Platforms that shape the integration and usage of Filecoin and IPFS into other applications, such as plug-and-play dApp or DeFi toolkits, and data & analytics insights into IPFS’ ongoing activity.

  • Applications: Tools that utilize Filecoin or IPFS as part of their core tech stack to develop end-user applications, such as file-sharing, DeFi, archival tools, video, audio, large data storage, and networking.

This partnership between ConsenSys Labs and Protocol Labs builds upon years of collaboration and synergy between the Ethereum and IPFS ecosystems. The teams share many common goals for the decentralized protocol ecosystem and the distributed Web: to construct more secure and resilient global digital networks, return data control to users, and build a more open, sustainable, and accessible Web. The launch of Filecoin will accelerate collaboration and offer new opportunities for shared use cases, and help serve as a launchpad for more convergence between decentralized protocols and networks.

Source: https://www.cryptoninjas.net/2020/07/30/protocol-labs-and-consensys-labs-launch-filecoin-accelerator-program/

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Self-Sovereign Decentralized Digital Identity

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Time & Date: Wednesday, Nov 4th, 2020
8:30 AM Eastern Standard Time

Speakers: Marco Aniballi (BlockBlox)
Luke Stokes (FIO, EosDAC)
Alex Puig (Caelum Labs)
Gordon Einstein (CryptoLaw Partners)
Sander de Bruijn (Crypto Entrepreneur)

Zoom Info: https://zoom.us/j/89200977541

 

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Kucoin and Revain Announce Partnership

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Before deciding to buy or apply for any service, consumers are primarily interested in doing their homework via the ability review via 3rd Party Objectivity based on what other people are thinking.

This is especially true for the blockchain universe. The success of Bitсoin and Ethereum has given rise to thousands of young projects that are as complex as they are innovative.

In order not to get lost in multiple offers of wallets, exchanges, and cryptocurrencies, Internet users are starting to look for reviews to guide their decision-making process.

The revain.org project began to use blockchain to keep all reviews unchanged. This gives trust to the community and allows users to learn with the ability to interact with both projects that interest them and the communities they represent.

Trust can play an extremely important role for serious companies. The KuCoin and Revain projects have started cooperation for the common benefit of both communities. The Revain Widget implemented on the main page of one of the leading exchanges allows visitors to read and write reviews directly on the platform.

Companies that have already achieved success should understand that the review widget increases a conversion rate and provides additional traffic.

And there are other pluses as well

For example, why would you buy products on a mystery shopping service if you can simply read a ready-made review on the Revain website?

And it will be fair, fast and, most importantly, it’s free.

It’s not a surprise when blockchain technologies are used in the crypto community. But the Revain Project doesn’t intend to stop there and has serious plans to expand the topic on which the writers will write reviews.

It’s important for people that the review includes pros and cons.

This could stem from concerns about fake reviews, and an underlying assumption that balanced reviews feel more authentic than reviews that are overly or exclusively positive.

Consumers want retailers to have better technology, offer more services, and establish better personal connections. Consumers think about what good shopping experience looks like in the first place. Therefore, when people read or write a review, they pay attention not only to the facts but also to the feelings that appeared after the purchase from the company to which the review was then written.

When there are feelings, it is important to preserve a zone of trust and comfort

The usual advertising channels carry information about the product and the brand. But they do not contain the emotions of other buyers. The buyer chooses where he will share his buying experience.

And it is especially important that the credibility of the review that is written on the seller’s website does not reach heaven. It is very important to have an independent platform, the need for which has been ripening for a long time in the Internet community.

Therefore, reviews are written on the Revainplatform. You can display these reviews on your website using a simple widget. Thus, customers will see the independence of the review and at the same time, they can read it without leaving your site.

Of course, there were sites for reviews, they exist now and will continue to appear. But a project like Revain meets the expectations of ordinary people and businesses as much as possible. After all, reviews cannot be deleted or falsified because of blockchain. The hash of each review is kept for centuries.

Because of this, some reviews may seem funny as their authors decided to add some new facts or correct mistakes later. I recommend visiting and reading such reviews. A very interesting experience.

 

Source: Rinat Arslanov has been the Co-Founder and CEO of Revain since its inception. He describes his passion for Revain as a life project for him. He is currently doing his Ph.D. at Plekhanov Russian University of Economics and is expected to complete his doctorate in 2022.

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Record Number of Dark Markets Online as Demand for Illicit Goods and Services Continues to Grow

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The criminal environment of darknet markets is extremely turbulent. Numerous darknet markets are launched every year and just as many are constantly exiting, being seized, or otherwise going defunct. Despite this barrage, CipherTrace has noted more dark markets online than ever before.

CipherTrace researchers are currently monitoring over 35 active darknet markets. The newest darknet markets – both launched around early September – are Invictus Market and Lime Market. Lime Market, thought to be run by the former admins of DarkBay, appears to be a very small market and is not expected to become a very notable enterprise. Invictus Market, on the other hand, is run by the admins of the well-known Imperiya darknet service—an enterprise that creates and maintains darknet vendor shops for a modest fee. As the admins of Invictus already have a good reputation among the darknet community, it stood to see quick growth. However, while Invictus was able to gain close to 10,000 customer accounts in its first month, by the end of its second month of operation (October 20), Invictus’ customer base had barely surpassed 10,000 accounts, indicating its exponential growth appears to have slowed drastically.

Source: CipherTrace Cryptocurrency Intelligence

Three Tumultuous Exit Scams

Empire Market was one of the largest, longest running and most successful darknet markets. Launched in February of 2018, Empire rose to become the largest darknet market in the Western world during its time. However, by late August 2020 the dark market pivoted and exit scammed—a scheme where a dark market or fraudulent exchange ceases operation and steals all the funds in escrow and account wallets. An exiting market will either abruptly shut down or remain online with escrow payouts and withdrawals disabled, but deposits still enabled, allowing the scammers to net more funds until users catch on.

Following Empire’s exit, its vendors and customers had to move to a new market, leading to a large influx of new users on all other open darknet markets.

On September 10—less than three weeks after Empire’s exit—Icarus Market also went offline. The site never came back up, taking all their vendors’ and customers’ funds with them . Icarus had been pushing high effort updates soon before the exit, leading CipherTrace analysts to believe that the exit likely wasn’t planned. Rather, it’s probable that the large influx of new users from Empire and their deposits made Icarus ripe for a profitable exit. As a result, the admins may have taken advantage of the opportunity and exited sooner than they had originally planned.

Sometime around October 12, DeepSea market also abruptly went offline. After just a few days with no word from market admins, users and one DeepSea forum moderator concluded that the market had exit scammed. As of the writing of this report, it has been one week since the market went offline. It is possible—but unlikely—that the market will return. It could have been seized instead of exit scammed, but law enforcement has yet to announce the seizure. If the market doesn’t return and law enforcement don’t announce a seizure, it can be concluded that DeapSea has exit scammed.

White House Market, due to its good reputation among darknet users, will take some traffic from these exits and has the potential to be the next biggest market. However, White House Market’s high security requirements tends to turn the average dark market user away. It is more likely that DarkMarket will take much of the traffic from the Empire, Icarus, and DeepSea exit scams.

As it stands, DarkMarket and White House Market appear to be the largest darknet markets in the Western world with over 300,000 customer accounts each. White House Market saw a 40% increase in users between August 27 and September 28, following the exit scam of Icarus, and a further 8-10% increase between late September and October 20. The next most notable darknet markets currently active are Versus Market, Monopoly Market, ToRReZ Market, and of course the Russian darknet behemoth—Hydra—which has been active since 2015 and is likely the largest darknet market in the world.

Why So Many Dark Markets Come and Go

Creating a darknet market requires little upfront cost, and the potential rewards can be high—Empire market admins, for example, reportedly profited around $30 million from their exit scam alone, not including the money they made in the two years of their operation. Evolution market exited with $12 million in user bitcoin. This results in numerous darknet markets launching every year. According to CipherTrace research, there has been at least one notable darknet market launched every month on average since early 2019.

However, darknet markets go as quickly as they come. The eventual fate of all darknet markets is to be seized, to be hacked, to exit scam, or to voluntarily shut down. It’s most likely that the majority of darknet markets plan to exit scam from their inception, especially as a plan B if things go sideways.

Operating a darknet market is risky. Market operators have a long list of adversaries. Law enforcement is the most obvious, powerful, and dangerous adversary of a darknet market. If a market runs for long enough, it’s likely to be seized and its operators arrested. Ten years ago, the first dark market, The Farmers Market, appeared on the Tor network; eight years ago its eight founders were arrested, seven pled guilty and the leader was convicted to 10 years in prison for selling narcotics and laundering money. Ross Ulbricht, aka Dread Pirate Roberts, allegedly operated Silk Road—the first large scale dark market with over 100,000 customers. Ulbricht was also charged with a murder for hire plot and was sentenced to a double life sentence plus forty years without the possibility of parole. Ulbricht built this black market bazaar to exploit the dark web and the digital currency Bitcoin to allow users to conduct illegal business beyond the reach of law enforcement. According to the DOJ “Ulbricht’s arrest and conviction – and our seizure of millions of dollars of Silk Road Bitcoins – should send a clear message to anyone else attempting to operate an online criminal enterprise. The supposed anonymity of the dark web is not a protective shield from arrest and prosecution.

Figure 1: Silk Road was a wakeup call to law enforcement globally to the criminal potential of cryptocurrencies. (DOJ Exhibit 113 A, entered into evidence at Ulbricht’s trial)

Darknet markets are also under constant threat of being hacked by adversaries who want to steal funds from a market’s hot wallet, extort the admins, or conduct an attack that might lead to a profit. Furthermore, darknet markets are constantly receiving Denial of Service (DoS) attacks. DoS attacks on a market might be conducted by an individual demanding ransom, by admins of a competing market who want to diminish competition, or even by law enforcement who want to destabilize these criminal enterprises.

Even if a market intends to be around forever and manages to avoid being seized or hacked, there is always the chance of either a slip up in their operational security or an attack that poses too great a threat to the admins that they’re forced to execute their plan B: an exit scam. By conducting an exit scam, the admins of a darknet market are able to solve their problem while making a substantial profit.

The Ease of Creating a Dark Market

The ease of creating a dark market adds to its lucrative appeal, particularly if one intends to exit scam. While the biggest hurdle to operating a dark market was once the issue of gaining the trust of vendors and customers to use your site, the barrage of seizures and exits leaves many bouncing to and from one dark market to the next.

There are many ways criminals can quickly produce dark markets, with the easiest being to simply buy a pre-built marketplace template—all the customer has to do is replace any place-holder text and install the software to their servers. This method was used by the popular dark market “DarkMarket.” The current price for a standard, pre-built marketplace kit that accepts BTC and Monero is only $599 in BTC. Support for additional coins range from $50-$90 per coin. This upfront cost is minuscule when compared to the profits of many of the established exit scams.

The ease of creating your own dark market, coupled with the profitability of exit scamming and constant demand shown by the volume of customer accounts on these marketplaces culminate in a record number of dark markets now online. It is likely that this number will only grow in the future, however, the use of blockchain analytics such as CipherTrace can ensure that the funds originating from any of these dark markets are identified the moment they are moved to fiat off-ramps such as exchanges.

Source: https://ciphertrace.com/record-number-of-dark-markets-online-as-demand-for-illicit-goods-and-services-continues-to-grow/

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