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5 Minutes to Know about Blockcloud

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5 Minutes to Know about Blockcloud
Source: Pixabay

1st April, OKEx officially announced Blockcloud will be the very first project launch on their new platform-OKJumpstar and OKB will be the only acceptable token for payment. OK Jumpstar is a platform powered by OKEX-top 3 crypto exchanges in China, which is to help quality blockchain projects go public and get listed in a liquid and worldwide market, and at the same time, help fuel the growth of the blockchain market and ecosystem healthily.

Blockcloud has become one of the most popular Internet projects in the Asia and Russia recently. More and more people are struggling to understand the white paper of Blockcloud. We will briefly introduce what Blockcloud is and how the Future Internet will change our lives in this article.

TCP/IP is a familiar word to us. TCP-the transmission control protocol, IP-the network interconnection protocol, the emergence of TCP/IP acts as a bridge, makes different computer networks interconnected, constitutes the basis of the current Internet. The TCP/IP is a prerequisite and the number one contributor to the great prosperity of Internet technology.

However, TCP/IP was born in the 1960s and 1970s to support inter-military calls. It also uses the past IP-based communication method to connect devices, data, and services with a centralized server. It increases the control cost of the network and reduces the efficiency of the network.

It is not suitable for the dynamic Internet scenario, and it is hard to support the accessing of tens of billions or even billions of devices in the future.

Blockcloud, in essence, is an extension of the existing Internet and is the underlying technology of the Internet that can upgrade and transform the current Internet.

It combines the advantages of blockchain and next-generation Internet technology to build an underlying network protocol in the form of “building blocks”, providing continuous connectivity support for dynamic networks, and supporting upper-layer applications more securely and efficiently.

If the existing TCP/IP opens the valve for information flow, the new generation of TCP/IP will bring a beautiful new world of the Internet of Everything!

Now that there are so many underlying public chains, what is the competitive edge ofBlockcloud?

Blockcloud is at the bottom. At the bottom of the Internet, Blockcloud upgrades and improves existing network protocols to build a new generation of TCP/IP that significantly enhances the dynamic, credible, motivating, secure, fair and scalable nature of the network.

It is just like making the roads wider, better and stronger so that the car on the top can run faster, more stable and safer.

To be specific, Blockcloud can be applied to the existing applications, and also better support the blockchain public chains. If we regard IoT, blockchain and other traditional internet applications like cars, public chain projects as engines, tokens as fuel oil, then Blockcloud is the road. Only with the road, can cars drive more safely and freely, and can inform and resources exchange.

Source: Block72

How does Blockcloud achieve this?

Firstly, Blockcloud introduces the Service-Centric Networking [SCN]. Through the Service Access Layer [SAL], the control plane and the service plane are separated. Without the complicated specific IP address, the upper layer application can directly connect to the service via the service name, and the service provider can seamlessly change the address, migrate the service, by which, the network mobility and scalability are greatly improved.

Secondly, solving the problem of insufficient trust and incentives in SCN networks by blockchain technology. Design a proof of service [PoS] mechanism to reliably verify services; Design the distributed peer-to-peer network Coral to save the service information; We devise a truthful continuous double auction [TCDA] mechanism to fairly distribute services. Design BLOC to provide incentives to trade miners and service miners.

Source: Block72

Thirdly, CoDAG [Compacted Directed Acyclic Graph] structure effectively records the transactions. Hybrid consensus protocol combines the advantage of both permission and permissionless protocol and tries to achieve the best of both worlds.

All of the above mentioned are realized in a loosely coupled and hierarchical structure. Which means each layer can evolve independently as if it has a life and empowers the whole system with great applicability and evolvability.

Source: Block72

Core team members come from top universities and enterprises worldwide, such as Princeton University, UC Berkeley, Tsinghua University, University of Tokyo, Peking University.

Over 50% of the core team members hold a Ph.D. with over 80 publications on top conferences and journals and over 30 related patents.

Blockcloudhas the advisory board of world top scientists, including the Nobel Prize winner Oliver Hart as the economic advisor, and the former Obama White House economist Hoan Soo Lee as the chief economist.

The technical advisory board includes 18 top scholars besides Fred Baker, one of the Internet pioneers of the world, 2 IEEE Fellows and 5 National Distinguished Scientists, 4 members of Blockchain Special Committee of China Computer Federation and 15 professors.

Blockcloudestablished close partnerships with top global groups such as Tencent, Huawei, Alibaba, and listed companies. Blockcloud has cooperated with IETF, the most authoritative technology standardization organization on the global Internet, and CERNET which is the world’s largest education network and IPv6 network.

Till2018July, Blockcloud received a total investment of 14 million USD of 100+ investment institutions from 28 countries/regions worldwide, including Genesis Capital,Frees Fund, Icodrops, Signum, OK Blockchain Capital, GBIC, BlueRun Ventures, Linear Venture, Fang Fond, etc.

Source: Block72

Dr. Ming, CEO of Blockcloud, said,

“As a long-term practitioner engaged in the research and development of Internet underlying technology, Blockcloud hopes to introduce the concept and technical advantages of blockchain innovation into traditional network technology, upgrade and improve the Internet, and provide people with better network infrastructure and online experience for their production and life.”

For more information about Blockcloud:

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Press Release

Worldwide IEO leader ProBit Exchange raises $678,000 in BolttCoin IEO

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Worldwide IEO leader ProBit Exchange raises $678,000 in BolttCoin IEO
Source: Probit 3

On June 26, ProBit Exchange sold out all 800,000 BOLTT during Round 3 of  Boltt Coin IEO to wrap up a perfect 3 for 3 with three consecutive IEO sellouts. The stellar results helped the health gamification blockchain project raise a stunning $678,000 as they continue to ramp up their social-health objectives centering around an incentive-based app that rewards users for undertaking physical challenges.

Amidst considerable hype by local and global investors, Round 1 completed almost instantaneously within just a second. A few hours later, Round 2 was launched and met with even greater demand as investors quickly claimed the increased allocation of 500,000 BOLTT in a matter of two seconds.

Within the span of just 3 seconds, ProBit Exchange managed to successfully raise $278,000 for Boltt Coin. The project had already generated major interest through significant partnerships with Kakao subsidiary Klaytn which has announced its upcoming mainnet release along with BCryptos, a Japanese blockchain investment firms backed by a top local VC.

The momentum carried over to the launch of Round 3, which went live June 26, resulting in a quick sellout of all 800,000 tokens and raising yet another eyebrow-raising $400,000 to wrap up a rare sold-out IEO trifecta.

The incredible achievement marks yet another standout IEO campaign throughout their 70+ total IEO rounds conducted so far. ProBit Exchange previously sold out 3 consecutive rounds for Spin Protocol back in March, raising over $500,000 behind the furious pace set from the getgo with $130,000 raised in round 1 in less than 3 minutes.

Ronald Chan, Director of Partnership for Probit Exchange shared that the ability for Probit Exchange to bring in foreign teams to Korea to raise hundreds of thousands is attributed to the track record of IEO on Probit as well as the extensive marketing that Probit Exchange does for IEO projects.

LINIX, Steemhunt, and CLINK are among other projects who saw their IEO campaigns quickly sell out to maximize their initial investments and secure considerable funding for further development.

A steady and increasing stream of projects continues to flock over to acquire the highly sought out IEO expertise of one of the top IEO platforms in the world, a significant achievement for the young exchange who has already rivaled the industry giants in just 7 months of operation.

About ProBit Exchange

ProBit Exchange has completed almost 60 rounds of IEO and has amassed a solidified reputation over a short 6-month span since the startup’s launch. They have conducted multiple rounds of sell-out IEOs and raised millions in the process while refraining from any form of wash volumes or misleading figures. Please visit the IEO page to view the simple, efficient user interface.

ProBit Exchange has also introduced new features such as an ongoing trade mining and stake mining beta service, PROB staking for users to earn discounted trading fees, a referral program that provides 10-20% in further transactions fee savings, as well as a newly released app available on Google Play.

ProBit Global

ProBit Korea

IEO at ProBit Exchange

Many projects place their trust in ProBit Exchange’s IEO platform as we are a one-stop exchange for:

1) Fund-raising – Stellar fundraising track record including over $500,000 raised over three rounds for Spin Protocol, $53,000 in 6 seconds for LINIX, and $60,000 in 11 seconds for Steemhunt.

2) Listing – Instant liquidity against fiat and crypto pairings. Korean Won and USDT. Mild MM included

3) Marketing – Comprehensive services including marketers, marketing agencies, social media marketers and news agency on retainer. View a sample marketing campaign that we conduct for IEO.

Interested projects should fill up this form to start the due diligence process.

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