Rising global exchange continues to decorate their IEO resume
In a short span of time, ProBit Exchange has quickly established itself as a reputable brand for projects in search of an experienced fundraising expert to help transform them into tomorrow’s unicorns. Their IEO success has propelled them towards the upper echelons of renowned IEO platforms and their momentum continues to build with stellar results and a burgeoning track record of over 30 IEO campaigns.
Ronald Chan, Director of Partnership for ProBit, stated:
“Many projects conduct IEO on ProBit due to our stellar track record in fundraising, friendly IEO terms. ProBit prepares an aggressive marketing plan for each IEO to achieve maximum exposure.”
ProBit Exchange is also ramping up efforts to unleash a new trade mining program that will provide transaction fee compensation in the form of PROB tokens. The major upcoming feature will expand upon existing user benefits such as a referral program, airdrops for staking their native token, PROB, as well as a brand new app for added convenience.
Alongside these major developments, IEO investors will be intently perusing ProBit Exchange’s IEO lineup planned for the upcoming days as they continue to introduce innovative, results-driven projects to their extensive user base.
12 – 19 Jun 2019
Karuschain provides extensive traceability throughout the entire precious metal supply chain through privately shared data. The platform will provide end-to-end transparency to ensure ethical, fair practices. Karuschain will also ensure that all parties adhere to compliance laws and efficiently track each step throughout the production process for maximum accountability and visibility.
12 – 18 June 2019
Powered by renowned German engineering, Azultec delivers top caliber rendering hardware that fully incorporates renewable energy for maximum efficiency in an eco-friendly package. Azultec’s flagship model including the award-winning Azultec Cube and their Render Master line of products will accommodate not just personal needs such as crypto mining and GPU requirements, but more large-scale industrial demands as well.
13 Jun – 18 Jun 2019
Through their proprietary TRP token, Turnple Blue provides an innovative solution called TRP Pay, which is a currency solution that is fixed according to a country’s exchange rate for a highly stable and efficient global payment method. TRP pay will provide an easily accessible, scalable entry through QR codes and bar codes for rapid adoption. TRP pay exchange will be rewarded through a multi-level system of tokens as part of a unique level-up feature on the platform.
18 – 28 June 2019
Origin provides a blockchain-backed database powered by proprietary product tracking labels to enable the tracking and access of all information related to luxury brand items and provide transparency into each individual supply chain. The platform provides QR codes that will be used to store digital asset information for quick and efficient visibility backed by user tiers and a mobile app for further verification.
19 June – 3 July 2019
Boltt Coin is the developer of the very first digital health currency along with a health-based gamification platform that aims to provide digital asset incentives for promoting physical activity and wellbeing. By incorporating blockchain technology, Boltt Coin can provide unique features such as a personalized health ID, verified health-oriented goal rewards, as well as encouraging wide-scale participation through community events. Innovative fitness wearables provide accurate and verified tracking of essential health data while a mobile app rewards physical activity through Boltt Coins which can be spent in the platform’s health-centric marketplace.
About ProBit Exchange
ProBit Exchange is a global cryptocurrency exchange. ProBit Exchange boasts order matching the speed of over 1.5 million orders per second, superb security supporting hardware security keys and a customizable user interface.
IEO at ProBit Exchange
ProBit Exchange is able to support an IEO with more than 5 currencies, multiple sales round, different bonus rates, and various lock-up structures. Probit Exchange has completed more than 30 rounds of IEO, raising millions of dollars. Probit Exchange is the one stop shop for crypto startups looking to do fundraising, extensive marketing, and listing.
Balancing Cypherpunk Principles and UX With Multi-Party Computation
One of the fascinating, and frustrating, aspects of the broader cryptocurrency space is the prevalence of trusted third-parties in an ecosystem built on the notion that trusted third parties are security holes. From honeypot exchanges to custodial services with “bank-level encryption,” much of the crypto ecosystem is non-representative of its origins.
Without diving into the adverse outcomes of these third-parties in the ecosystem, of which there are many, one of the underlying frictions of centralized security is the inherent trade-off between security and user experience [UX].
The crypto landscape is esoteric enough as it is, let alone requiring users to manage their own keys and understand concepts like GAS on Ethereum. In fact, new user onboarding was named as the biggest obstacle to dapp development by projects on Ethereum. While there have been strides made in UX among many crypto products, ranging from DeFi tools to wallet interfaces, there is much work to be done.
The daunting task of converging security and UX into a safe and user-friendly experience has received a glimmer of hope in recent months, however, due to a unique subfield of cryptography–secure multi-party computation [sMPC].
A Wave of sMPC Innovation
The core concept of sMPC is to collectively derive a unique computation from a subset of individual fragments like non-trusting computers. Imagine a puzzle with individual entities, each holding a piece, and the final image only materializing after a specific threshold of pieces have been put together.
MPC has been lauded as the next fuel for innovation in onboarding users to crypto by reducing a significant portion of the barrier to entry — mainly key management.
“Ultimately, using sMPC, we can realize the separation in data of the right to use and the right of use, and directly calculate results on multi-source and heterogeneous ciphertext data,” detailed ArpaChain CEO, Felix Xu, in a ChainNode AMA. ArpaChain has emerged as one of the leaders in sMPC globally, and already has a functioning product on its testnet.
Their insights and innovation into sMPC represent a broader initiative to reconcile the issues of security vs. UX.
At a high level, sMPC empowers users to compute something over a large set of data without revealing their individual inputs, furnishing enhanced privacy, and a means to produce a specific outcome. Consequently, sMPC affords advantages over two existing modes of key management: multi-sig and hardware storage.
Hardware wallets and multi-sig are both complicated to use for mainstream users. Hardware storage is offline, and connecting it to online sources breeds security challenges. Conversely, multi-sig works to an extent, but services like Casa are out of the price range of most consumers and also out of their technical peripherals.
Hot wallets [i.e., online wallets] continually demonstrate their proclivity for being hacked, and while they offer the best UX, they are major security vulnerabilities — once again highlighting the quandary of balancing security and UX.
With sMPC, security is bolstered by the fact that no single entity controls the key, and UX is improved because there can even be “keyless” services using sMPC. The perfect crypto wallet does not exist, but sMPC may come to redefine that narrative.
Outside of wallets, the market for sMPC solutions for enterprises is enormous, and an area where ArpaChain is looking to make an impact.
“The ARPA project aims to provide businesses and individuals with private computing power and secure data flow solutions,” says Xu. “The entry point of ARPA is enterprise-level privacy data sharing.”
ArpaChain to The Rescue
Requiring developers to consistently worry about security vulnerabilities takes away from their ability to focus on improving UX and other aspects of blockchain-based applications. Similarly, continually encrypting and decrypting data creates high technical barriers, something which sMPC diminishes.
But some of the real magic also derives from the ability of sMPC to remain secure even in a hostile environment.
“We have implemented an agreement to support the participation of any party, and as long as there is an honest node in it, it can ensure the security of the data. Either of these two points is a breakthrough, and as far as we know, the vast majority of projects can only support the involvement of two parties.”
This is a powerful feature. No longer do parties need to independently hold keys that serve as singular attack vectors. With such security assurances on the back-end, a better UX can be transferred to the front-end — such as “keyless” wallets — which are already happening.
Providing users with an experience that does not require key management is a compelling step forward for the industry. Add in the ability of exchanges and other financial entities to securely, and privately, compute functions over large shared data sets [i.e., blockchains], and sMPC just might live up to its impressive reputation.
“Imagine multi-party joint credit information, data leasing, secure data analysis, and other scenarios in the financial industry such as multi-source data joint risk control in the insurance industry with sMPC. In the future, applications will exist for corporate finance, marketing, medical applications, and even artificial intelligence.”
ArpaChain achieves this dynamic balance using an off-chain, layer two structure — making ARPA compatible with any public blockchain.
“The ARPA secure computing network can be used as a second layer to provide privacy computing capabilities for any public blockchain, enabling developers to build efficient, secure computing networks on ARPA computing networks, while also protecting the data privacy of business applications. Enterprise and personal data can be safely analyzed or utilized on ARPA computing networks without worrying about exposing data to any third party.”
A confluence of security, privacy, and better UX — a compelling proposition.
Overall, sMPC effectively removes the requirement of trusted third parties for security [i.e., custody], the cold/hardware storage solutions preferred by exchanges, and affords a better UX by removing significant points of friction altogether like key management.
What’s the cherry on top? Better privacy.
For enterprises, mainstream users, and the broader trajectory of crypto adoption alike, that’s a potent recipe for success.