Hey guys today we're going to talk about the difference between coins tokens protocols and blockchains. if you're new to cryptocurrencies these words might confuse you you might not know the difference. Basically that the protocols just use blockchain as the foundation as their as the idea as the blueprint in order to build the protocol that the developers of Etherium they use the blockchain as the idea and then on top of that idea they built the Etherium protocol and then you install this Etherium protocol on many nodes and they start talking with each other that is how it works. Because whenever you download the Etherium client you basically your computer now knows the protocol and it can start talking with other and with other nodes that are running the same software and they know how to talk with each other so this is the protocol and on top of the protocol we have the coin the protocol defines the coin by telling the nodes to pass around this blockchain data structure and each entry in this data structure is basically how much coins each address has and then on top of that we can build smart contracts if the platform allows us to for example Etherium allows us to do it menu allows us to do it and if we build special smart contracts that follow certain rules we have tokens on top of that blockchain.
Safe and Regulated Adoption of Cryptocurrencies
what this it blockchain.io? Leveraging Advanced Cryptographic Protocols, Blockchain.io leverages research and development by the most prominent software developers who are entering the cryptocurrency ecosystem in droves. Among them, the teams at Lightning Networks, Tumblebit, and Rootstock are constantly improving on-chain and off-chain cryptographic protocols to enable atomic swaps through hashed timelock contracts (HTLC), payment channels, and sidechains.
These technologies enable seamless trading across heterogeneous blockchains fueled by cryptocurrencies of different nature such as POW, POS, DAG, and others, such as POB. They also provide solutions to the scalability issues of Bitcoin-based blockchain and massively lower the cost of transactions.
The three pillars of Blockchain.io offering are:
- Cryptocurrency Exchange : With asset custody services, advanced trading features, and proven security procedures to protect customer databases, digital assets inventories, order book, and the order matching engine.
- Decentralized Settlement : Fair-exchange (“trustless”) protocols allowing atomic swaps, i.e. atomic cross-chain trading of cryptocurrencies without the need for a trusted third-party. The decentralized settlement eliminates the counterparty risk.
- Liquidity Services : Blockchain.io will offer listing services for selected tokens, i.e. tokens strictly vetted by technology and business due diligences. The company will also offer ICO services, such as the planning and execution of selected ICO campaigns, and market-making services.
blockchain.io will provide an intuitive trading experience catering to the needs of both individual and institutional traders and investors. Blockchain.io will generate revenues from trading activities, lending, digital currency payments and ICO services. Basically, the time-tested business model of marketplaces and exchanges will be applied to newproducts and unique technology.
Founder & CEO blockchain.io # Pierre Noizat
Pierre is the CEO of Paymium, a company he co-founded in 2011 as one of the first bitcoin exchanges in the world. Pierre started working on cryptography applied to digital television services long before bitcoin appeared. He is a recognized expert in the cryptocurrency industry. He has authored numerous books and articles about Bitcoin and is a much sought-after speaker at major conferences on the subject, such as the Bitcoin Conference, Vivatech, Wired and PayForum. Pierre holds an MSc from Ecole Polytechnique, France’s leading Engineering School, and a MBA Degree from Columbia University in New York.
Blockchain.io is driven by the highly experienced team of cryptocurrency experts who, seven years ago, founded Paymium, a fiat/bitcoin exchange catering to the underserved Euro market. Blockchain.io shares Paymium’s highest security, reliability, and accountability standards. It strives to overcome the shortcomings of rival crypto exchanges that have repeatedly caused severe losses for issuers and token holders. To achieve this, the team relies on its advanced knowledge of cryptographic technology, its operational in-depth understanding of the crypto world, and a strong company culture committed to security and compliance Good experienced, They have been into Blockchain since long and are experts. They are going to provide many of the big services for the ICO and blockchain products like trading, ico from ideation to listing.
Today that's all I want to say you can visit the website blockchain.io
author : visixom