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Bitcoin Vault: Future of Transparency

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While decentralized finance is an optimal replacement over the traditional financial system, it is still rigged with several loopholes. Being a digital ecosystem, hackers have found a way to exploit the weaknesses of some platforms and cause irreversible damage. 

According to a report by CipherTrace’s Spring 2020 Cryptocurrency Crime and Anti-Money Laundering Report, crypto hacks, thefts and frauds accounted for a total of $1.36 Billion in the first five months of 2020 alone. One of the reasons for this high number is that a user cannot cancel the transaction on a blockchain. 

However, Bitcoin Vault has figured out a way to give users the ability to cancel their transactions using its 3-key security solution. Users can now reverse certain types of transactions within 24 hours on the blockchain, potentially reducing fraud and theft cases significantly. 

Bitcoin Vault aims to address certain issues faced by the crypto world, such as:

  • Unauthorized access to private wallets by getting access to the user’s private keys.
  • Human error while making crypto transactions such as choosing the wrong receiver’s address or entering the wrong amount. 
  • Errors, bugs, and other issues can cause the payment to get stuck or redirect.

How does Bitcoin Vault aim to solve these problems?

Bitcoin Vault addresses these problems and creates a more secure and rewarding ecosystem where users get more freedom and control over their assets. For that purpose, Bitcoin Vault developed an ecosystem with different tools that can aid in securing the crypto ecosystem. All of the tools are powered by the 3-key security solution. 

3-Key Security Solution

In the 3-Key Security Solution, Bitcoin Vault helps users generate three Elliptic Curve Digital Signature Algorithm (ECDSA) keys. One of these keys is stored in the app automatically, while the other two need to be managed by the user. Using these keys, users can cancel their transaction and reverse it into the original or a new wallet. 

  • The standard Transaction Key is the one generated automatically and stored within the wallet. It is used to recover the wallet in case of any issue and to initiate transactions. 
  • The Cancel Transaction Key is used to cancel initiated transactions within 24 hours after 144 blocks are generated.
  • The Fast Transaction Key is the third key that enables secure and fast transactions. 

Bitcoin Vault Ecosystem

Bitcoin Vault Ecosystem consists of three apps designed in-house to store and manage BTCV. Together they offer a unique and secure solution for all decentralized storing and managing services.

  • Gold Wallet

The Gold Wallet is a mobile app where users can store, receive and send BTCV. Using the Gold Wallet, users can create three types of wallets and perform different transactions, including Secure Fast, Secure, and Secure Cancel Transaction. The wallet is also used as an authenticator for two-factor authentication for the Electrum Vault desktop app. 

The three types of Gold Wallets are Standard, 2-Key Vault, 3-Key Vault. 

  • Key Generator

Key Generator helps in creating individual public and private keys which are required to access the wallets and make transactions. This is done locally and does not store the keys on a cloud to ensure maximum security. 

  • Electrum Vault 

Electrum Vault is a desktop app based on an open-source Electrum Wallet. It works similarly to the Gold Wallet and can be used to store, receive and send BTCV along with all the transactions. 

The three types of Electrum Vault Wallets are Standard, 2-Key Vault, and 3-Key Vault. 

All the wallets in the ecosystem, whether on the Gold Wallet or the Electrum Vault, integrated the USP of the Bitcoin Vault of reversible transactions. These wallets offer standard transactions, 2-Key Vault Transactions (Secure and Cancel), and 3-Key Vault Transactions (Secure, Cancel and Secure Fast). 

Bitcoin Vault is the first platform to offer cancel transactions, making the crypto universe a more secure financial ecosystem. It will help reverse incorrect transactions and will minimize thefts and accidental expenditure. 

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Art Haus Leans on NFTs to Work With Artists, Collectors and Curators

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Art Haus, an NFT-based project for artistic works, has introduced an Artists in Residence section to its platform. Each resident artist becomes a keyholder who can unlock curatorship. They receive commissions on major sales by artists they curate, about half of the 15% fee charged by Art Haus.

Art Haus’ developers created the platform to assist artists, collectors, and curators in manoeuvring the NFT market. This distinct NFT platform integrates a selection of curation mechanics and subscription levels. It aims to offer the marketplace a host of genuine and unique collections. Unlike the competition, Art Haus is offering an artist residency program.

Artist Residency

Among the crucial parts of Art Haus’s strategy is the exclusive artist residency. Artist in residence programs exist to welcome artists and curators to stay within the premises of an institution.

Creators can apply to join as an artist in residence. Each candidate is thoroughly assessed. It is done to guarantee that they’ll discover value in signing up with Art Haus to premiere an exclusive collection.

Artists that get residency can lean on the team to explore NFTs in a supportive environment. For one, the exclusive galleries are only accessible to keyholders. It suggests that the collector has done their part to become a member of this incubator for the digital arts. These collectors typically aren’t your ordinary users. These collectors are major in discovering the following Beeple and getting in on the ground floor of their innovative legacy.

Protection Through Artist Residency 

Knowledgeable artists looking for a residency must take into consideration Art Haus as their residence for numerous reasons. For one, the developers made the whole program to service the requirements of these imaginative minds. For instance, there are a host of thoughtfully incorporated protections for web content creators that make it a smart choice.

The artist residency program ensures creative freedom and sovereignty for artists. It takes place with personalized well-known smart contracts for all Art Haus NFTs. It makes sure that artists add to a genuine body of work that’s genuinely and probably their own. Many existing platforms cut operating expenses by minting artists’ functions to contracts shown with many other artists. Art Haus, on the other hand, is devoted to altering the status quo.

Artists having a home for their work on the blockchain with their branding is essential to the team. Not only for the artist’s benefit, however, to provide collectors with the chance to own something developed totally for the artist. Collectors can feel confident understanding that they own genuine work. Also, they will not see the case of the NFT platform going out of business.

Residuals

Another vital feature that has artists moving to Art Haus is its residual commissions. When you create and offer your art with Art Haus, you can try out the most recent advancements in secondary royalties. Other platforms that recognize them locally. On the other hand, Art Haus is committed to adopting global criteria.

This technique adds excellent value to the residency program. Many NFT artists have a substantial collection of NFTs that regularly change hands between collectors.

Art NFTs and Auctions in Art Haus

The NFT market continues to expand at a remarkable rate. More artists, curators, and collectors are meeting up and trading tokens, principles, and techniques than ever. 

Platforms such as Art Haus offer a host of beneficial protections for both parties. Hence, it makes it the perfect destination for those looking for unique opportunities in the marketplace. Thus, Art Haus offers a vital role in encouraging these content creators and collectors to drive ROIs to new heights. Artists looking to discover more regarding the platform’s residencies can go here.

One of the core elements of Art Haus is its public auctions. NFT auctions give creators and collectors lots of opportunities. For artists, it allows them to get the most from their collections. It also supplies investors with a far better opportunity to snatch up unique pieces for a steal. Notably, the ZORA protocol powers Art Haus auctions.

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BNB Fintech Set for New Beginnings and Launching Payment Solutions

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After a recent presale of BNBCH, the BNB Fintech is announcing new developments. Among the developments include token price increases and listings in top sites. 

BNB fintech is a network introducing crypto-focused payment solutions for the benefit of enthusiasts. At the start of October 2021, the network held its public presale and sold 280k BUSD in merely 7 minutes. 

Later, four top crypto networks Coinmarketcap, Coingecko, Livecoinwatch, and Worldcoinindex, listed the BNB Cash coin. The listing comes when the network is planning to launch services very soon. According to their Twitter page, Worldcoinindex listed BNB Cash as a utility token. 

After the start of the presale and listing on Coingecko, the BNBCH vastly grew in value. For instance, within 24 hours of launch, the BNBCH value increased from 0.016 to 0.089. A few days later, the coin hit $0.174195, an over 1000% increase. The community has been vastly supporting this project recently. 

As mentioned earlier, the BNB fintech prides itself in providing top payment solutions based on crypto. 

BNB Fintech’s Payment Solutions

As a payment gateway or payment solution, this platform introduces multiple tools to achieve its objective. One such tool is the P2P crypto marketplace. In the marketplace, individuals will buy goods and services directly from merchants using cryptos. The primary token used will be BNB cash. But, in the long run, the network will add more tokens as they aim to reach the entire crypto space.

Another tool coming soon is debit card support. Due to the increasing use of Debit cards, it’s generally a good idea for BNB Fintech to provide a similar solution. They plan to work with Simplex to help integrate BNB Cash into popular debit cards like Mastercard and Visa. 

BNB Fintech also introduces a point of sale system. Today merchants may fear accepting crypto because they don’t have a proper tool. Yet, BNB Fintech will launch the POS, which will track crypto transaction flow in real-time. 

As a final tool, BNB fintech will integrate a wallet option. The primary role of this wallet will be hosting the rest of the network’s services. Although this product is paramount, this will be the last feature to launch. 

Based on Binance Chain

BNB Fintech leverages blockchain technology to provide much-needed services to crypto enthusiasts. They use the Binance smart chain, and as such, the BNB Cash token is a BEP-20 token. But why BSC?

The BSC proves to be the best alternative for the Ethereum chain. Projects are currently switching from Ethereum because of high gases and low speeds. Yet, BSC provides services at more affordable costs and high speed. Hence, users of BNB Fintech will enjoy services at friendly fees and maximum scalability. 

BNB Fintech and Audit Report

As a Defi network, auditing is paramount. Due to the increasing numbers of scams in crypto, it’s often hard for people to trust a new project. That’s where BNB Fintech recently underwent an audit to certify that its contracts are reliable. The audit was conducted by a popular Defi auditor, Solid proof. The network gave BNB the go-ahead to continue with the business since smart contracts are safe. 

Apart from the audit, Solidproof conducted a KYC scan on the BNB Fintech team. A KYC scan aims to ensure that people connected to the project are not fraudulent. KYC scans, therefore, test the money laundering risks associated with the project. But, Solidproof scanned the BNB Fintech team and did not report any issues. 

According to their roadmap, they will be conducting another audit in the first quarter of 2022. Certix, a top blockchain auditor, will conduct the audit. The goal again is to ensure all their services remain reliable and trusted by users. 

To be a member of the BNB Fintech community, please, visit their social pages. 

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Press Release

Arker Announces Launch of a Crypto Rewarding Gaming Option

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Arker network has announced the upcoming launch of a crypto-rewarding game. Currently, Arker has many tools, which help pay the gamers using crypto assets. As the developments continue, Arker will be launching on Android, iPhone and Steam devices.

In Arker, the gamer controls a heroic character tasked to regain control of the Ohm kingdom. The fighters do not fight alone but will join a clan and act as a team. This multiplayer game provides PVE/PVP options. Additionally, it combines skills, equipment, runes, pets, and characters for a better experience. 

While the primary intention is having fun, Arker allows gamers to earn money. It assumes a play-to-earn model where gamers play and gain financial rewards. 

The Dual Token System

Arker adopts a dual token system with both assets helping complete different services. Foremost, the network has the ARKER token with a total supply of 200 million. Arker token’s primary role is governance. Holders will vote for game developments and designs based on the number of tokens held. 

The Second token available in the Arker gaming network is FoA. FoA (Fragments of Arker) helps run in-game activities like rewarding, purchasing skins, and NFTs

One outstanding feature of the FoA is its deflationary nature. The platform will burn 15% of every in-game transaction value. Since the total supply is 540 million, burning tokens ensures the numbers reduce. As the numbers reduce, demand for FoA increases, thus rising values.

Earning Rewards in Arker

As a gaming network, Arker provides different ways to earn rewards through gameplay. One way to earn rewards is fighting other gamers and earning the FoA tokens. 

The network provides daily missions where the gamers will earn the FoA token for free. This daily mission involves the gamer vs the network’s AI. Every online gamer can take part every day by logging into the account and completing missions. 

Additionally, gamers can play a ten-person game (guild war). In this guild wars, the person who gets the highest score gets token rewards. Thus, the guild war option offers more rewards. 

Moreover, the network has the PvE option where users collect items to sell in the marketplace. Among the collectibles are runes, summoning scrolls, skins, and also FoA tokens. Some runes will help improve the characters’ stats. 

Finally, the network will hold special events for participants to gain rewards. There are in-game and off-game events available. The off-game special events include bounty hunts, contests, airdrops, and marketing campaigns. As a network user, you can take part in such events, and earn FoA.

Currently, the battle modes available are PvP and showdown. In PVP, users must buy tickets using FoA and fight other ticket holders. The winner earns gold, experience, and FoA tokens. The loser gains gold and experience. See, it’s a win-win situation for every gamer. 

Another available battle mode is the showdown, where you fight your character’s clone. The idea here is to gain experience. 

Join The Community

Arker aims to reach as many gamers as possible in the blockchain space. Hence, gamers and blockchain enthusiasts can join the social media communities shown below. By joining the pages, you will get updates about the project promptly. 

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