After walking through Blockchain 1.0 and going through Blockchain 2.0, why are blockchain practitioners still having a bad life?
As digital currencies gain recognition from more and more people, trading digital currencies is becoming more common. As we all know, although BTC and ETH have been heated up, the processing speed has become slower as the number of Bitcoin and Ethereum transactions has soared. In addition, the transaction costs will increase accordingly, which makes it difficult for Bitcoin and Ethereum to enter practical applications. The defects of mainstream digital currencies such as Bitcoin and Ethereum are becoming more and more prominent.
Transaction fees become an increasingly serious problem
Before 2017, Bitcoin’s transaction fees were very low and almost negligible. Proponents of the digital currency often emphasize that this is one of its main selling points. Today, in order to ensure a fast completion of the transaction, the transaction fee can usually exceed $200 at peak times. In this regard, it is clear that there are problems in some places. Although another digital currency, ETH, is better handled on the issue of transaction fees, their fees are also increasing as bitcoin transaction fees increase, but at a slower rate.
Transaction confirmation time is too long
According to today’s standards, Bitcoin blocks run too long and often take ten minutes to complete. Newer blockchains and other digital currencies either have shorter runtimes or use completely different systems, such as relying on a master node or an extensibility solution.
The Litecoin took only 2.5 minutes to deploy, a revolutionary initiative at the time. Although its speed is still fast enough today, it is still not up to the point. Digital currency wants to continue to develop and needs to solve the problem of trading time.
Due to the fierce competition in the network charging structure of Bitcoin and the relatively long delay time, over 100,000 unconfirmed transactions in the past few days have caused frequent network congestion, sometimes as many as 250,000.
Scalability is a serious problem
Scalability refers to the ability of the blockchain to handle more and more transactions and transactions. In response to questions about scalability, Ethereum co-founder Vitalik Buterin has his own plan. Specifically, he refers to a process called sharding, and he believes that this will be the ultimate solution to the problem at least for Ethereum.
In terms of bitcoin, a second-tier solution such as Lightning Network has been proposed but not yet deployed. Even the largest smart contract platform ETH dozens of transactions per second, still can not resist FCoin’s trading volume surge problem. In summary, these problems do cause people to stay away from Bitcoin and Ethereum.
Despite the fact that both the BTA and the blockchain are expensive, the project prospects are very good, but the problems still remain untouched. The public chain does not solve the performance problem, and everything is in vain.
How does the blockchain project really achieve its landing?
However, due to the so much funding and such strong interest in these platforms, solutions will eventually emerge. Competition is also very important. It is an excellent driver of innovation. Multi-currency systems will thrive as many people support technology’s more advanced, emerging and exciting blockchain. Walk through the blockchain 1.0 project represented by BTC. After the blockchain 2.0 project represented by ETH, you will find that, in the end, how many of them actually landed with blockchain technology?
Not a single one!
Today, the Blockchain 3.0 project represented by CSE has finally entered our field of vision.
CSE is the digital currency that runs on the new platform – the third platform. Through the new platform, CSE solves many of the problems entangled in the first and second platforms.
CSE is not only the third platform, but it can also create unlimited analog digital currencies to realize the dream life of blockchain applications, close to zero charge and light transaction speed.
Based on Supernode Cloud technology, Quantum Chip technology and multi-layer security methods enable the Blockchain process to quickly reach 1-3 seconds. CSE’s ultra-fast and ultra-efficient positioning for Blockchain 3.0 directly into e-commerce and extends to all other industries such as retail, banking, commerce, logistics, education, healthcare…
And through the CSE ecosystem, entrepreneurs can create their own tokens, which undoubtedly has the advantage of blockchain 3.0.
Official website address: https://www.csetoken.io/
CSE launches online OEX exchange
Online time: 11:00, December 19, 2018, Singapore time
Recharge time: 11:00, December 19, 2018, Singapore time
Trading Hours: 11:00, December 19, 2018, Singapore time
Online area: BTC trading area
User Benefits: Participate in 20CSE+20OEX! (limited number, first come first served)
Activity time: December 19, 2018 , 11:00 – December 26 way of participation:
1. Have an OEX.com account
2, pay attention to OEX official Twitter: @oexcom&CSEtoken
3. Follow the official Facebook: @oexcom&csetoken30
4. Join the official Telegram: @oexofficial&cseofficial
5. Event Platform: Twitter
[Save this poster and post tweets (not forwarded)]
6, get 100 forwarding +100 likes
7, forward friends also need to pay attention to our Twitter
8. Private Message We have your tweet linked to the group manager of Telegram (@frankfoo)
Terms and conditions apply:
1. The username that appears on our Twitter, Facebook, Telegram will be the winner;
2. Users need to complete real-name authentication and bind to Google at OEX.com;
3. Awards will be processed and distributed within 14 working days after the event ends.
OEX (www.oex.com), as one of the world’s high-quality digital asset trading platforms, has been famous since its inception, with the principle of “no fraud, no evil, and deep service to users”. Known for its “high experience, high security, low threshold, low commission” and other advantages, the user base covers more than 50 countries and regions around the world. Since June 2018, its new sub-brand innovation station (www.oexvip.com) has been launched, positioning itself as an innovative board business trading platform for ecological innovation and in-depth service. The project side has self-service coins and truly realizes the “zero” currency fee. Providing opportunities for professional investors to present more innovative digital assets, and also providing a platform for the development of initial digital assets and blockchain teams, it is widely favored by innovative project parties and users. At present, the global station and innovation station have been double-site (accessible), both old and new, sharing the potential of OEX brand development.
On 7/12/2018 at the International Conference Center in Hanoi, the signing ceremony was held: LNG0168 – LabGenomics. The event aims to announce the official role of LNG0168 in developing the market for LabGenomics worldwide and selecting Thailand and Vietnam as the starting point.
Attending the event included LNG Representative 0168 – LabGenomics; Representative of LabGenomics; Representatives from Thailand. Kampon and CSE SG – Application Developer Platform for Information Technology.
LabGenomics is Korea’s leading biotechnology company in the field of molecular diagnostics.
In the past few years, genetic engineering in particular and biotechnology in general have been widely applied in the field of health care, beginning to flourish. In the flow of industry 4.0, LabGenomics Biotech is one of the leading brands for next-generation Personal Genome Services, Genetic Screening Services for Genetic Diseases: Screening cancer; Screening for congenital genetic disorders in children; Prenatal screening; Infectious Diseases; Genetic screening for bodybuilding and diet. Managing personal health, effective for women. PCR kits for many different molecular diagnostics are one of the discoveries of LabGenomics.
This technology can detect pathogenic mutations that contribute to early screening for timely preventive measures. Obviously, the cost of using these technologies is much lower than the cost of treating the disease. This is also the reason that the use of biotechnology for early screening, to detect the modal mutation that is used in most developments.
The Kampon will be the partner in charge of bringing LabGenomics Biotech into the Thai market.
The 21st century is the time when biotechnology and information technology are widely used in the health sector. The perfect combination between biology – information – medicine always brings positive solutions, effective.
Currently Dr. Kampon Thailand has been present in 42 countries around the world. Taking 25% of the market share of the country will help. Kampon easily convinces and put LNG0168 – LabGenomics into the Thai market.
Meanwhile, Mr Leo Lu – CSE SG’s Application Development Partner, said that CSE SG will provide technology solutions for the health sector in general and for the LabGenomics project. in particular. The main technology solutions of CSE SG include the management, logistic, billing, security and transparency of medical records archives through Smartcontract 2.0 technology, AI and Dispersion and BigData CSE has developed successfully.
Huge Misconception That Blockchain is cryptocurency
HUGE MISCONCEPTION THAT BLOCKCHAIN IS CRYPTOCURRENCY
Blockchain is not a master key nor a magic wand. Amazingly, many people have isunderstood that Bitcoin is Blockchain.
The power of Blockchain technology is deeply set in the financial fields, and it has threatened the power base of financial institutions. Notwithstanding that, the recent devaluation of BTC and ETH has also illuminated the challenges in applying Blockchain beyond the financial fields.
During the recent Singapore Fintech Festival which was held from 12th-16th November 2018, experts from Switzerland, USA and Singapore shared their views on Blockchain. Mr Adrian Burgi, an Attorney from Switzerland and Specialist in the Banking Industry in Switzerland; Mr Leo Lu, SRI Board Advisory Member in R&D and Business Development Advisor of CSE USA; and Mr Chen Guo-ping, CTO of CSE Singapore, had an in-depth discussion about various solutions to bring Blockchain into everyday life during the event.
Has Smart Contract 2.0 disrupted the market?
The CSE Smart Contract 2.0 is a powerful tool built on the Blockchain 3.0 platform. It was developed by CSE, a technology startup based in Singapore. The key objective of CSE is to apply Blockchain technology into daily life and across various industries in a user-friendly interface.
Smart Contract 2.0 invites experts all over the world to contribute their expertise through the Platform. It is not a major problem even if you are not a technology specialist because CSE has created thousands of templates. This has empowered people from all walks of life, including: housewives, secondary school students, or even a technology moron to create their own smart contracts.
Eliminating the middleman:
The Smart Contract 2.0 system has benefitted from the decentralized feature of Blockchain. Users can easily develop a suite of applications across various industries, without the need to spend 5 years learning about Blockchain, and peer-to-peer networks can self execute the contract, where contractual incentives or penalties can be enforced without third-party involvement. In short, Smart Contract 2.0 is as good as your reliable legal advisor who works tirelessly 24 hours everyday.
Not all contracts are 100% applicable. The Smart Contract 2.0 solutions adds the extra dimension of flexibility, allowing partial performance of a contract and receiving of the corresponding payment, where the unperformed portion will be automatically refunded.
Blockchain ensures transparency while Smart Contract allows for intelligent execution, which CSE has integrated into a virtual machine. Aside from finance, users may also instruct this virtual machine to “substitute” people in areas such as: cultivation of crops, logistics handling, timeline management, chain of custody, intelligent data management, or smart city management, etc.
This is open source platform so users may integrate their solutions in two ways, by API or by embedding codes into any applications such as Web, App, software, as well as hardware, especially the IoT equipment, NFC, etc.
How long to create a Smart Contract in 2.0 platform?
If you create the smart contract using a template, it will require only 3 minutes and over 4 steps. And if you create a unique smart contract, then it may require between 4 to 12 hours.
Stay tuned. In the next article we will share more details on smart contract applications for various industries.
SINGAPORE, Oct. 28, 2018 The revolution of blockchain technology has surpassed expectations. The features of Blockchain technology such as: decentralization, data fragmentation, uniqueness, quantitative restrictions, decentralization, anonymity, and smart contract empower Bitcoin and Ethereum to completely eliminate indirect as well as bulky office systems!
Following the success of Blockchain 1.0 (BTC) and Blockchain 2.0 (ETH), CSE SG PTE LTD_Blockchain company from Singapore has launched the revolutionary Blockchain Platform 3.0 (CSE30) and Smart contract 2.0, after more than four years of research and development.
What is the difference between CSE and BTC, ETH?
Blockchain 1.0 under Bitcoin and Blockchain 2.0 Ethereum have inherent weaknesses that limit their ability for effective scaling up due to factors such as: slow processing speed, energy costs, high transaction fees, ect. The revolution Blockchain 3.0 (CSE) overcome the weakness of prior Blockchain technologies and delivered the following advantage:
1 – Super speed
Completed a CSE transaction in under 06 seconds, compared about 10 minutes for BTC and 7 minutes for ETH.
2 – Low fee
Internal transactions fee for CSE is currently $0.001, while BTC fee is 0.00004674 BTC~$0.3, ETH fee is 0.000483 ETH~ $0.10 ( these fees were taken with present prices- these fees will increase when BTC and ETH price up).
3 – Off chain
Electronic transaction is currently dependent on the availability of internet. CSE has launched a technology that allows Off chain, encrypted transactions without internet environment at speeds up to 0.003s (3 million seconds). The limiting point of this technology is its limited number and the receiver is not anonymous to prevent fraud.
4 – Smart Contract 2.0
Ethereum invented Smartcontract 1.0 and has leveraged its strength in dealing with various types of financial contracts.
CSE Smart Contract 2.0 has a more intelligent feature with multi-contractual conditions and multi-industry applications.
There is great potential for the new platform CSE30 as it only takes 15-30 minutes to create your own smart contract on the CSE30 platform, which is directly connected to the CSE30 through the API. You can create your crypto, access source, blockchain library, blockchain authentication for education, blockchain authentication for real estate, etc.
Investors in technology field are paying special attention to this new platform, and further information will be announced soon in the future.
Boy Jose Adolfo Quisocala Condori is probably the youngest banker to open banking world in the age of 7.
According to news site Briefly , while many other kids dreamed of becoming rich and successful when they grow up, Jose decided to embark “do something big” without waiting for years.
Jose Adolfo Quisocala Condori – The Jolly Roger – Briefly screenshots
Jose has more than 2,000 clients and offers various financial services at his bank in Arequipa, Peru’s second most populous city (according to official statistics until 2016).
Six years ago, Jose blew up the idea of setting up a savings bank for children. The “old age” boy noticed that many of his friends used to buy candy and toys and did not know how to save things.
Understanding the importance of saving action as well as access to a financial system to solve the problems encountered in adult life, the boy Jose decided children can not “stand out.”
Not only thinking about how children can save money, Jose also thinks about how his peers can make money. The answer is recycling.
However, this idea was quickly swallowed by Jose’s teachers as a child could not handle such a large project.
Jose does not hesitate to continue to cook his ideas. In 2012, he founded the Bartselana Student Bank in his hometown of Arequipa.
The idea for this financial institution is quite simple. Children can become customers by transferring at least 5 kg of recyclable waste (paper or plastic) and sending at least 1 kg of recycled waste per month to maintain membership. Then, these “baby” customers will set a savings target and can only withdraw money from the account when achieving their goals.
Jose has established relationships with local recycling companies so that his clients receive a preferential price per kilogram of recycled waste. The proceeds will be deposited directly into the accounts of the young clients and they will also be the sole beneficiaries.
The owner also revealed that his success today is the application of Blockchain 3.0 platform built on CSE30 into the banking system.
Bartselana Student Bank has collected tons of recycled materials and helped more than 1,000 children with their own savings. This financial institution is still growing, and Jose’s “banker” has been honored with many honorary awards and is the lead character in many documentaries on foreign children entrepreneurs. .
Blockchain – one of the factors that make bitcoin successful is becoming the most popular platform technology lately. It is expected that the blockchain will go beyond financial boundaries and apply to many areas of life. The most notable is the blockchain application to agriculture.
The Blockchain 3.0 CSE platform is being talked about recently, with its super-fast, super-fast transactional technology platform that addresses the limitations of Blockchain 1.0 & 2.0 Technology, the addition of new technologies. very good. So what does this platform have to do with the positive impact on agriculture?
First of all, blockchain 3.0 solves the problem of validating information. Specifically, the blockchain 3.0 system records all transactions that take place and everyone present on the system is seen and has the right to verify the accuracy of that transaction. This solves a very important issue in the purchase of agricultural products in particular and consumer goods in general – that is the trust in product quality. With blockchain 3.0 CSE technology, this problem is resolved thoroughly. Information of the product sold is always saved in the most detailed process that allows customers to know from the source, to the carrier, the supplier …
Besides, the information on blockchain 3.0 is designed to be almost unchangeable and needs to be validated by all nodes (users) in the system so the credibility of the information is recorded almost is absolute. This not only stimulates the agricultural production of quality standards, but also helps consumers to use to stimulate sales.
The use of blockchain 3.0 CSE as a financial instrument in agriculture offers tremendous benefits. The blockchain 3.0 platform allows for automated operations, which minimizes costs from manual operations that are no longer needed. In addition, the blockchain platform 3.0 and above supports the “Smart Contract 2.0” feature – smart contracts can be used in many cases, reducing errors during the process. Eliminating intermediaries, the agriculture sector will generally save a lot of money for expansion.
Smart Contract 2.0 also avoids risks and ensures farmers’ rights. Trading is easy between producers, distributors and sellers. Full or partial contract payments can be made immediately through the confirmation and execution guarantee of the blockchain 3.0 CSE system. This would also allow farmers to be paid in full without breach of contract or coercion by the business.
Increase the export value of agricultural products.
The fact that the import and export is quite complicated due to many procedures with many intermediate stages. Payments often use common foreign currencies such as the US dollar leading to the possibility of many uncertainties. As a result, transaction costs in import and export now amount to 15% to 20%. This results in both importers and exporters having to rebalance prices in other stages such as production and processing.
The application of blockchain 3.0 as well as Smart Contract 2.0 in particular opens a new future for the import and export of agricultural products. With features that allow the creation of trust in transactions between strangers, Blockchain 3.0 eliminates the need for intermediaries, complex procedures that take time, effort and money. All transactions can be done quickly and easily with high accuracy. The blockchain 3.0 system ensures almost complete payment is made without breach of contract.
The future of blockchain 3.0 in Agriculture
Investments in blockchain are growing, new applications are also being developed rapidly. Blockchain 3.0 CSE can greatly improve efficiency, eliminating many steps in the communication process. Therefore, orders are made more quickly and accurately. Such an application is currently being used to remove layers in the agricultural value chain, enhance the visibility of the demand for farm products and allow for faster filling of vacancies. That increases sales for both retailers and farmers.
The CSE30 is a blockchain 3.0 platform that has been upgraded from Blockchain 1.0 & 2.0 and adds some new platforms to overcome the barriers of the old platform.
The CSE30 is a comprehensive combination of the two largest technology platforms, Blockchain (Data Chain) and Cloud Computing (Cloud Computing).
Streamlining and hyper-threading technology makes the system super-fast (0.03 s / transaction), super-low transaction fee (1/1000 or NO)
Smart Contract 2.0 gives the CSE30 the ability to remove intermediaries and decentralization, which will require a new approach to legalize, navigate, and resolve complex issues. Smart Contract 2.0 will have ” clever”. With Smart Contract 2.0, you can automate and execute contracts with more detailed terms without human intervention.
Some other notable technologies:
DISTINCTIVE POINT CSE AND ETH
Currently Ethereum’s speed is 15 transactions per second , when there are many transactions that need to be processed at one time, leading to long transaction queues. Ethereum’s queue up to over 100,000 transactions , see the chart below:
Right now you can go to Etherscan to check that the average queue of ETH is over 30,000 transactions . Ethereum is currently hoping to tackle the queue with Lightning network technology and Sharding.
CSE30 still inherits Lightning Network technology for Offchain. But from the lessons of Bitcoin and Ethereum, the CSE30 has Hyperthreading (Hyperthreading) technology that speeds up the processing of transactions, speeding up Ethereum’s transaction speed. This technology handles customer-facing transactions at the airport, if the number of people waiting at each door exceeds 100, the system will automatically open more doors to ensure the number of waiting at each door does not exceed. 100. So CSE30 always ensure the processing of super-fast transactions
In addition, the CSE30 has a Quantum Supernode processor-related technology in each transaction, and Masternode is a professional support service similar to the aviation support service.
With the CSE30 Blockchain technology, Ethereum or any coin currently borrowed from the CSE30 platform to trade will enjoy a super-fast CSE30 trading speed of 0.03 seconds per transaction. But the transaction fee is the same.
Currently, Ethereum’s transactions are subject to a very high fee. ETH Gas Station warns that users must pay a minimum of $ 3.20 for a transaction without knowing the trading volume, or to wait 30 minutes for that transaction to be accepted in the Block.
Through ETH’s transaction fee histogram, the Ethereum users had to pay about 5,862 ETH , or $ 2.7 million, to trade.
With the CSE30 technology platform, which allows you to trade at super premiums, with a fee of 1/1000 or almost zero, the transaction will save you a tremendous amount of money. What ETH is really puzzling about, also because of the cost issues that the Blockchain 1.0 and 2.0 platforms have not yet been able to address in the real world.
With super low transaction costs, CSE30 will become a platform that can be applied to all areas of life.
Smart Contract 2.0 & Smart Contract 1.0
Smart Contract 2.0
Advantages:Automatic contracts do not require intermediaries, no need to trust third parties and reduce intermediary costs· Tracking transactions easily, can not be tampered with or reversed transactions.
· Not managed by any agency.
· The cost of deployment is huge for infrastructure systems, computers, and good programmers to deploy.
Security Capability: If some sensitive information is disclosed or exploited by hackers, there are likely to be problems.
– Upgrades from Smart Contract and adds new technologies.– Use a new approach to legalize, navigate, and resolve complex issues. Smart Contract 2.0 will have “smart lawyer”– New technology has high security, against the attack of hackers.
– Convenience for all SOHO businesses is still possible, infrastructure costs are minimized.
– Smart Contract 2.0 adds transactional identity, can access the entire transaction data.
– Smart Contract 2.0 with self-learning, predictable all-encompassing features associated with co-meetings.
=> Not just currency, smart contracts will be widely applied in many areas in the future. The future is the era of Smart Contract 2.0
The world is always developing, the new one will be born to replace the old one and do things that have not been done before. Blockchain 3.0 represents CSE30 based on Blockchain 1.0 & 2.0 technology and applies new technology to solve the problem of speed and transaction costs, which has long been BTC and ETH are very headache to find the The solution to overcome but not yet. Smart Contract 2.0 is also an effective solution for Blockchain applications in many areas of life.
The Blockchain platform promises tremendous growth potential in the 4.0-era industry, let’s see what Blockchain 3.0can do.
Source: The business journals
PRESS RELEASE> PR NEWSWIRE
Blockchain has surpassed human expectations. The features of Blockchain technology such as decentralization, data fragmentation, uniqueness, quantitative restrictions, decentralization, anonymity, and smart agreement made Bitcoin and Ethereum completely eliminate indirect as well as bulky office systems!
Following the success of Blockchain 1.0 (BTC) and Blockchain 2.0 (ETH), Singapore-based CSE SG PTE LTD has introduced the Blockchain 3.0 (CSE30) and Smartcontract 2.0 platforms, after more than four years of research and development.
Great potential of the new platform CSE30
It only takes 15-30 minutes to create your own smart agreement on the CSE30 platform, which is directly connected to the CSE30 through the API. You can create electronic money, access source, blockchain library, blockchain authentication for education, blockchain authentication for real estate, etc.
The big investors in technology are also paying special attention to this platform, and the information will be announced in the near future.
Revolutionary Blockchain 3.0 on CSE platform
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SOURCE CSE SG PTE LTD
What is CSE compared to BTC and ETH?
Bitcoin and Ethereum have started to reveal weaknesses in the process of expansion such as slow processing speed, energy costs, high transaction costs, while CSE has been promoting its advantages:
1 – Super speed
Completed a transaction process of CSE under 06 seconds, for BTC about 10 minutes, ETH about 7 minutes.
2 – Low fee
CSE’s fee for current internal transactions is only $ 0.001, while BTC’s fee is $ 0.00004674, or $ 0.3, ETH is $ 0.000483, equivalent to $ 0.1 (these fees are at current prices; will increase if BTC and ETH increase)
3 – Off chain
E-commerce now has to depend entirely on the internet, CSE has launched a technology that is causing the rumors are Off chain, encrypted transactions in the environment without internet at speeds up to 0.003s (3 million seconds). The limiting point of this technology is its limited number and the receiver is not anonymous to prevent fraud.
4 – Smart Contract 2.0
Ethereum invented Smartcontract 1.0 and has leveraged its strength in dealing with various types of financial contracts.
CSE Smart Contract 2.0 has a more intelligent “multi-contract” and multi-industry application.
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Revolutionary Blockchain 3.0 Under CSE Platform
SINGAPORE, Oct. 28, 2018 The revolution of blockchain technology has surpassed expectations. The features of Blockchain technology such as: decentralization, …