A Blockchain Platform Stox Raises 30 Mln USD In The ICO

The worldwide online financial group, invest.com is here with its new blockchain venture called Stox. Even before the launch, the latter has created quite a buzz across the global market. Stox is a blockchain based decentralized Prediction Market just like Augur and Gnosis which allows its users to make predictions of the future events and trade on the probable outcome. The predictions can be on sports matches, election results, celebrity marriages and even the weather reports.

In an ICO (Initial Coin Offerings) that began on August 2, Stox has already raised more than $30 million. Within 24 hours, the company raised this whopping sum of money by collecting roughly 134,000 ETH as revealed by Etherscan. The ICO is still running and will go on untill it reaches its 148,000 ETH cap. Seeing the current demographics, it’s turning out to be the most successful ICO in the blockchain history. The Stox platform will be the third major decentralized prediction market and just like Augur and Gnosis, it is built on top of the Ethereum blockchain.

You may also like The Cryptocurrency Market Cap Inching Close To 100 Billion USD.
 

The Initial Coin Offerings (ICO)

The ICO is turning out to be the most sought after method for raising money through token sales. It’s a great way to kickstart a business by raising funds especially for a blockchain or cryptocurrency venture.

The Initial Coin Offering is an unregulated way of raising funds by gaining public interest and allowing them to purchase crypto tokens in exchange of fiat currency. Post the completion of the projects, the investors get returns on their investment in form of the newly generated coins. Each of these coins will have a certain value in the market which very much depends on many factors like the potential market trends and popularity of the Cryptocurrency at any given time.

 

The Concept of Stox

Stox is a spin-off of the online trading group invest.com which targets mainstream audiences, allowing them to trade on the outcome of the forthcoming events. Three types of people will be there in the Stox ecosystem. Providers, Operators and the Users. Providers are basically the service providers who will be responsible for the system upgrades and creating new DAPPs. Operators are the ones who will be creating and managing all sorts of events where the users can take part and place bids. The users can make predictions about the future events and those who predict right will be rewarded in ‘STX’ tokens. As a matter of fact, STX is the fuel that will power the Stox ecosystem. It will be used for all the financial transactions in the Stox network when it goes mainstream.

Read More at - http://www.oodlestechnologies.com/blogs/A-Blockchain-Platform-Stox-Raises-30-Mln-USD-In-The-ICO

Blockchain Development Service Providers

Blockchain Applications Development > Blockchain Applications

Blockchain is the underlying technology behind Bitcoin which powers the entire cryptocurrency landscape. It is a marvelous example of cryptography that offers a high-level security and privacy to the user data. Blockchain is in fact a digital ledger that stores information in a series of blocks that are cryptographically linked together by blockchain. It creates an immutable and tamper-proof record of the stored data that can’t be deleted or modified at any time. In case of Bitcoin and other Cryptocurrencies, Blockchain is used to store transactional data and facilitates online transactions.

 

Blockchain also provides a high level of transparency to the user data as the ledger is shared among all the nodes in the network. In blockchain, you can actually see all the transactions made by different users. At the same time, it also provides some level of anonymity as the original identity of the user is not unveiled. Instead, what you see is a hexadecimal code which is actually the public key of the cryptocurrency user who makes a transaction.

Why Choose Oodles Technologies?

We, at Oodles Technologies are pioneers in building high-octane blockchain based applications for our clients. We have a proficient team of Blockchain Application Developers with an vast experience in building high-quality decentralized apps (DAPPs). We have an extensive portfolio of clients from all over the world and strive to deliver top-tier Blockchain Development services at the most competent price. Apart from that, we also have our expertise in Cryptocurrency Development, Asset Management, Bitcoin Wallet Development and Smart Contract Development.

Read More at -

http://www.oodlestechnologies.com/blockchain-development-service-providers

Blockchain Development Services

Oodles Technologies’ proven capabilities to successfully implement systems that use cryptographic proof of work systems has been helping organizations worldwide, to simplify ‘transactions’ and cost based processes. We are a team of multi-disciplined domain experts who strongly believe in delivering a positive and holistic customer experience throughout the product development lifecycle. Blockchain Development Services are yet another niche of services hosted by us.

Why Oodles

Oodles Technologies has been a key player in the global application infrastructure market to develop custom-designed, standards-based software tools as per the project requirements. Our extensive lists of services include but are not limited to:

• SaaS Applications
• Online Video Content
• Mobile Applications
• Big Data & NoSQL
• Blockchain Application Development

From technologies to solutions, let’s see how you can benefit from Oodles’ Blockchain development services:

• Create most dynamic and decentralized cryptographic Blockchain apps that could be used to digitally sign sensitive information.
• Develop smart contracts and escrow services, tokenization and authentication.
• Experience guaranteed secured networks without a single point of failure.
• Enabler for most secure communications and content distribution for authentication processes, especially for financial transactions.
• Experience seamless implementation of Blockchain technology added as another layer to your products and services to enhance functionality and security while saving resources and developer man-hours.

Read more at - http://www.oodlestechnologies.com/blockchain-applications-development

Install Bitcoind on ubuntu and connect P2P with Production and testnet

The Bitcoind package is available in the universal repostories, you can add bitcoin PPA and then install bitcoind . This will give a stable version to you .

Dependencies

To get add-apt-repository, which we will use later to add the bitcoin PPA:

sudo add-apt-repository ppa:bitcoin/bitcoin

sudo apt-get update

sudo apt-get install bitcoind

Configuration

Before starting bitcointd you'll want to create a directory and the bitcoin.conf configuration file:

cd ~/
mkdir .bitcoin
cd .bitcoin
vim bitcoin.conf

In bitcoin.conf these content are important :

server=1
testnet=1
rpcuser=UNIQUE_RPC_USERNAME
rpcpassword=UNIQUE_RPC_PASSWORD

If you wish to use this installation on the regular bitcoin network, remove testnet=1

For more of bitcoind commands and bitcoin.conf file ref:-

https://en.bitcoin.it/wiki/Running_Bitcoin

Now start Your Bitcoind with this Command:-

Access bitcoin -     cd .bitcoin/

Start command -  bitcoind -daemon  

Hope this will help you.

For more info you can visit here: http://www.oodlestechnologies.com/blogs

The Cryptocurrency Market Cap Inching Close To 100 Billion USD

The emergence of Cryptocurrencies has taken the whole world by storm. This has led to a new financial revolution and paved new ways for making cashless transactions without any central system governing the flow of capital.

More Info at: http://www.oodlestechnologies.com/blogs/The-Cryptocurrency-Market-Cap-Inching-Close-To-100-Billion-USD