Month: October 2018

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RevolutionVR

What is RevolutionVR?

RevolutionVR is an open-source platform created to bring virtual reality gaming to players all over the globe without requiring them to buy high-end computers or devices.

The founders and the platform development team believe that everybody, no matter the location or the computing devices should be able to enjoy the world of virtual reality.

The platform is built on the Litecoin core to guarantee users of completely decentralized operations for extra security and efficiency.

The project was initially known as Voxelus Studios and only rebranded to RevolutionVR in 2018. The tokens name also changed from VOX to RVR.

  • The founders and their mission

The platform was created by three computing experts who wanted to disrupt the gaming industry by using the blockchain niche to take VR games to everybody.  The founders included Martin Repetto, Michael Terpin, and Halsey also wanted to create a token that could facilitate faster transaction without compromising the users’ security.

  • The RevolutionVR Token and performance in the market

When the founding team created the RevolutionVR platform in 2015, they also released the native tokens (RVR) that are used to power the blockchain platform. The platform has a total of 210 million pre-mined tokens. This is ten times the number of tokens in the Bitcoin network.  When users send value or run other transactions, a fee of 0.1RVR is fee is charged.

The price of RVR started at $0.6 when the token hit the market in early April 2016. However, it took a steady decline reaching $0.01, about 5500% decline, by November the same year. The price remained approximately $0.01 up to May 2016 when it gained marginally to reach $0.07. Again, it stalled around $0.07 until the end of November 2017 when it grew sharply to reach $0.69 by the close of the year. This was the highest point in its history before a sharp and steady decline in the subsequent month of January 2018. Then, it continued on a downward trend to reach a low of $0.03 by the close of the third quarter of 2018.

Though the price was on a negative trend beginning from early 2018, the community appeared committed to it believing that things would change. This argument is largely derived from the fast-growing demand for Virtual Reality games in the society.

What is the problem that RevolutionVR Solves?

When the RevolutionVR founders decided to take a new look at the gaming industry, the focus was to bring a complete revolution. They wanted to make a difference in the gaming industry by addressing the bottlenecks that prevented the blockchain technology from fast adoption in the community. Here are some of the issues they wanted to solve.

  • The requirement for complex computing devices for virtual reality games.

Most of the games in the market today require people to have high-end computers or phones to play. Now, Virtual Reality requires even more advanced devices. For example, playing Pokemon Go on the phone will require you to have Android 4.0 and above and a resolution of more than 720×1280. Besides, it is not available for Intel CPUs. Now, RevolutionVR is targeting to bring change to these requirements so that any person can enjoy virtual reality experience.

  • Limited adoption of the blockchain niche in the community.

Though the blockchain networks have been increasing at a steady rate since the launch of Bitcoin in 2009 by Satoshi Nakamoto, the uptake by the community has been relatively slow. Many people have indicated that the process of converting tokens to and from fiat is complex. Others indicate that most tokens do not relate to their daily lives. Now, RevolutionVR is targeting to address the problem by reaching both the gaming and financial niches.

  • The high cost of sending value across the globe.

Sending value from one part of the globe to another through the blockchain niche has become very expensive. The banks charge a high fee because they are designed and run as profit based organizations. The lengthy procedures for confirming transactions can at times make sending value to take days. This is very inconveniencing. RevolutionVR seeks to address this problem by operating based on the blockchain technology.

  • The problem of insecurity when operating in the blockchain niche.

For many people coming to the blockchain, the fear of losing the tokens always looms. For example, Bitcoin Gold network was hacked a few days after launch. Other crypto related entities that have been hacked recently include Coincheck exchange and Trezor wallet. RevolutionVR targets to create a completely secure platform for all.

How does RevolutionVR Solve the problem?

To address the outlined issues, RevolutionVR combines the unique power of virtual reality and cryptocurrency to help power the international gaming ecosystem. Here are some of the methods used by RevolutionVR to address the issues.

  • Voxelus

Voxelus is a platform that permits any person across the globe to create, share, and play the virtual reality games. The platform aims at simplifying the process of generating reality games without going through the complex coding process. This implies that even those who only have an idea of the virtual reality games of interest can now make them a reality.

  • Xtraction Royale

This is one of the new Battle Royale virtual reality experience created by RevolutionVR using Unreal Engine 4. The experience is designed to put the users in other positions to fight others in the island. The platform rewards users with one of the currencies that can be converted to RVR.

  • RevolutionVR graphics servers

The RevolutionVR platform addresses the gameplay inefficiencies through its cloud gaming infrastructure. The target of the system is to enable virtual reality rendering handling in the cloud as opposed to the user’s device. The RevolutionVR servers use cloud connected to powerful computers to render virtual reality games. Using the cloud implies that virtual reality experience can be taken to a wider audience in the globe.

By adopting cloud streaming infrastructure, players using the headsets and other devices will be able to enjoy the virtual reality games cheaply. The devices will also be more portable and powerful compared to the home-PC tethered solutions.

What makes RevolutionVR better than it’s competitors?

The large number of cryptocurrencies in the market has opened room for stiff competition. By mid-2018, there were more than 1600 cryptocurrencies that targeted different areas of the community. To win a bigger market share, a cryptocurrency platform has to win their affection. Here are some of the things that make RevolutionVR better than competitors.

  • The RevolutionVR allows users to make virtual reality games accessible and affordable. This implies that more people can now access and play the games even away from their home PCs. The model allows users to enjoy new gaming options even outdoors.
  • The platform has been simplified so that people with interest in virtual reality games can also make games and sell them. This implies that even users with limited knowledge of virtual reality coding can create new games and optimize the returns from the platform. The revolutionVR platform provides users with a number of free assets that are easy to use to create new games.
  • The RevolutionVR is lead by a highly aggressive team with a lot of experience in the virtual reality niche. Their commitment to extending and growing the virtual reality niche using the blockchain technology is expected to grow the niche and deliver high ROI.
  • The virtual reality gaming sector is less explored compared to the finance niche. This implies that RevolutionVR is expected to enjoy less competition, a bigger market share, and better performance in the markets. Investors in the native tokens can, therefore, expect to see an upward shift in the coin’s price as well as the overall market capitalization.
  • The cost of using the RevolutionVR is relatively low compared to using the standard institutions. If you want to send funds using the platform, the transactions are done on a peer2peer basis. By basing the platform on the Litecoin blockchain, it makes it possible to bypass the profit-seeking organizations. The little fee charged on the network goes directly to the miners who confirm the transactions on the platform.

How can RevolutionVR be categorized?

RevolutionVR is a next-generation virtual reality platform that will help to redefine the gaming niche.

The platform is helping to extend the blockchain technology by making it possible for people in the gaming industry to enjoy the best games without having to buy high tech devices.

However, it is the platform’s ability to help people create virtual reality games easily that has made the platform irresistible.

What’s RevolutionVR’s vision on Security?

The RevolutionVR’s vision on security is to provide the world with a secure and reliable platform for developing, accessing, and enjoying the world of virtual reality everywhere they go.

The development team’s focus on security is targeted at keeping user’s information, their tokens, and the network free from attacks.  Here are the main methods used by RevolutionVR for optimal security.

  • The network is based on the Litecoin blockchain. Using the blockchain technology implies that RevolutionVR takes advantage of the advanced security features used at Litecoin. As a fork of Bitcoin, Litecoin is immutable and almost impossible to hack.
  • Highly aggressive development and security team. The development team, led by the founders, progressively reviews the platform to ensure that vulnerabilities are identified early and fixed before hackers can take advantage of them.
  • Advanced encryption. The RevolutionVR tokens and user accounts are encrypted so that third parties do not easily gain access. Whether it is your gaming account or the funds stored in the RevolutionVR, no third party can easily access or know your details because they are fully encrypted.

Examples of RevolutionVR’s use cases/ applications.

When new blockchain niches are created, the target is to win the largest possible market share. In the case of RevolutionVR, the focus is to promote the adoption of the virtual reality games by more people. However, it also targets to facilitate application in the following areas.

  • Direct trading in the markets. Like other cryptocurrencies, RVR can be traded in the markets such as Bittrex. Trading in the exchanges means opening a trading account, depositing your RevolutionVR tokens and pairing them with the tokens of choice.
  • A platform for saving funds without worrying of third-party seizures. For people looking to save funds with a difference, RevolutionVR tokens provide a reliable alternative to banks. Because the tokens are completely encrypted, users can save their funds without worrying of third-party seizures.
  • Use the RevolutionVR tokens to pay for transaction fee in the markets. If you opt to trade RVR in the markets, the transaction fee can be paid using RVR. Other costs that you can pay using RVR include deposit and withdrawal charges depending on the selected exchange.
  • Create and sell virtual reality games on the RevolutionVR platform. The RevolutionVR platform is unique because it allows users to create new games and sell them on the platform. Therefore, you do not have to only turn to the platform to play the games. If you are interested in creating new games, the platform makes the whole process easy and fun.
  • Access and buy virtual reality games on the RevolutionVR. For the people who love virtual reality gaming, RevolutionVR is the new platform to sample the latest games. Once the preferred game is selected, the payment is effected using RVR.

NOTE: While the design and Revolution platform has been impressive, it important to note some crucial negative indicators to help you make the right investment decision. Concerns have been raised about the description of the RevolutionVR operations. Their whitepaper is scanty, and the shift from Voxelus Studios to RevolutionVR remains unclear.

Because the platform is relatively new, having rebranded in 2018, experts are calling for caution when targeting to invest there. Instead, they recommend spreading of risk between several platforms until the stability of key features, reliability, and profitability of RevolutionVR can be ascertained.

http://revolutionvr.live/rvr/

https://www.voxelus.com/

 

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Unity Ingot

What is Unity Ingot?

As more cryptocurrencies emerge in the market, it is interesting to note the large number claiming to be the “next Bitcoin.” Can they match Bitcoin? Unity Ingot is a decentralized cryptocurrency and an open source platform claiming to be the first asset-backed by crypto mining. The cryptocurrency is designed to help create a store of wealth for users.

When a person invests in Unity Ingot, the value can be redeemed or passed to the future generation of friends or family members. The token differs from others because the proceeds are used to purchase gold bullions and Bitcoins as a store of value.

Since its launch in May 2017, the Unity Ingot’s native token (UNY) has stagnated with little growth. When the platform was launched in May 2017, the value of UNY was $0.01. By the close of the month, the value had grown significantly to reach $0.1 and remained within the range of $0.09 to $0.05 until August 2017. From September 2018 to February 2018, the value took a steady decline culminating to $0.002.

By mid-February 2018, the value shot up to $0.11 before dropping to $0.01 early in March 2018. By the close of the third quarter of 2018, the value of the coin was still $0.02. Many investors are waiting to see the direction that the value of the token takes in the coming months to determine whether to invest in it or not.

What is the problem that Unity Ingot Solves?

Since 2009 when Satoshi Nakamoto launched Bitcoin, over 2000 new cryptocurrencies have hit the market. However, it is ironical that a lot of people still do not understand what the digital tokens are or how they work. Unity Ingot was designed to help address most of the issues that are preventing people from joining the blockchain niche.

  • Increasing the adoption of cryptocurrency in different niches

A closer look at most cryptocurrencies out there reveals that they are directed at helping people send funds on a peer2peer basis. However, few of them are designed to assist them to make a long-term investment. Whether you want to invest in the Ethereum or Ripple system, the main goal of these systems is helping users with short to medium goals. Now, Unity Ingot wants to help users to make long-term investments.

  • Mining complexity

Currently, there are two main ways of getting cryptocurrencies. The first one is buying from the exchanges and storing the tokens in a wallet. The problem with this method is that you will only get the coin you bought. Nothing more! The second method is mining. This is considered more effective because you continue minting more coins and directing them to your wallet. However, even the mining process is still very technical to many poeple. Unity Ingot targets to simplify the mining complexity by handling the technical part so that investors can relax and let the experts work for them.

  • Diversifying users’ target in cryptocurrencies for optimal returns

When people join cryptocurrencies, one of the main strategies used is only to target the seemingly most potential coin. But this method can easily frustrate you if the value of that coin takes a negative trend. The better strategy is targeting several high potential coins to spread the risk and optimize returns. Unity Ingot seeks to help miners target the most potential tokens and generating the highest value for money.

  • Expensive mining equipment

The cost of mining equipment in the market today is very limiting.  For example, many people who want to mine Bitcoin or Bitcoin Cash are forced to drain all their savings or even forego the venture completely. In addition to the high cost of miners, associated power bill is equally high. Unity Ingot targets to make the investment in mining easy and direct.

How does Unity Ingot Solve the problem?

The entire idea of creating Unity Ingot token is helping to enable exponential growth with a simple and reliable method of mining and investing in the long term. Here, are the main strategies used by the platform.

  • Advanced mining systems to mine the most valuable coins

The primary focus of Unity Ingots is investing in the most advanced mining equipment to optimize returns on investment. The systems comprise of advanced mining rigs that can help to mine the most valuable coins in the industry today. Some of the mining rigs run on a custom 8-slot motherboard, CPU AMD, 4GB of RAM DDR3, 64 GB MSATA Hard Drive, and power supply of 1600 watts. Some of the tokens mined using the rigs include Ethereum, Ripple, and Zcash.

  • Using multiple mining algorithms to optimize returns

Because tokens in the market are designed to run on different algorithms, Unity Ingot development team targets different mining algorithms for compatibility. The secret is ensuring that both ASIC supporting and ASIC resistant tokens can be mined to optimize results. Some of the most used to algorithms include Equihash used by coins such as Zcash, Bitcoin Gold, and ZenCash. Other supported mining algorithms include Scrypt, Blake, X11, Ethash, and X1 3.

  • Investing pool mining rewards in gold bullions and Bitcoins

After investing in the right equipment and technology, the rewards from mining are directed to long-term assets. Unity Ingot directs the funds to buy gold bullions and Bitcoins because they are considered stable and long-term investment. The stability of the two assets is expected to support positive value growth of the native tokens.

  • The Ethereum blockchain

To power the Unity Ingot system, the native tokens are based on the Ethereum blockchain. The Ethereum platform helps to add a new layer of security for the UNY tokens. The tokens also make trading in the markets and transfer of value easy.

What makes Unity Ingot better than it’s competitors?

Between 2009 and 2018, about 2000 cryptocurrencies had entered the market. The rising number of cryptocurrencies has opened the gate to severe competition. Here are some of the things that make Unity Ingot better than competitors.

  • The Unity Ingot platform is designed and run by experts in cryptocurrency mining. This implies that whether one has a background in computing or blockchain, the Unity Ingot system will help users to optimize returns.
  • The target of Unity Ingot to invest in stable assets is expected to help the value of the native tokens to grow over time. Though the performance was not impressive between January and the third quarter of 2018, the community is optimistic that the trend will change in the coming years.
  • The native token allows users to send and save funds on a peer2peer basis. Unlike the conventional banks that expose an investor’s information to many people such as cashiers and managers, Unity Ingot is anonymous. Once you have acquired the tokens, they are stored in wallets that are protected using advanced encryption and only the person with the private keys can access them. This implies that you can relax without worrying about third-party seizures.
  • The focus of Unity Ingot is helping people to focus on long-term investment. By directing the rewards from the mining pools to purchasing gold bullions and Bitcoins, investors can expect to get high ROI (return on investment) on their tokens over the long term.

How can Unity Ingot be categorized?

Unity Ingot is the first token backed by cryptocurrency mining. The platform has opened a new method of backing tokens that could soon take root because of the many mining pools in the industry today. However, the project is still new, and its features require time to be considered stable and reliable.

What is Unity Ingot’s vision on security?

When a new cryptocurrency project is released, the most important thing is security. Many investors walk away from projects that have weak structures because they are risky ventures. To ensure that the Unity Ingot system is secure and reliable, here are the main strategies used by the founders and the development team.

  • The UNY tokens are based on the Ethereum blockchain. This helps to add another layer of security to keep the users assets free from hackers.
  • The Unity Ingots users’ accounts are encrypted to make it difficult for attackers and third-party entities getting access to personal information.
  • The development team works progressively on identifying vulnerabilities and addressing them promptly to keep attackers away.
  • The platform is decentralized to ensure that there is no single point of error that can result to loss of user assets.

Examples of Unity Ingot’s use cases/ applications

Most cryptocurrencies in the market today were designed with the primary goal of getting the highest market share. Unity Ingot targeted to achieve this by ensuring that people can use the platform and the token in many areas;

  • Use UNY token to trade in the markets.

Unity Ingot tokens are ERC-20 tokens which imply they can be easily traded in the markets. You only need to identify the right exchanges that list Unity Ingots, register for a trading account, and pair it with another preferable coin.

  • Pay for goods and services in the stores that accept Unity Ingot.

The fast-growing list of stores that support blockchain networks has opened new avenues to make direct purchases with tokens such as UNY. You only need to identify a store that accepts your coin to buy preferred services or products. Note that even in the event that only a different coin is supported, it is still possible to use UNY coins by changing to the supported token.

  • Use the tokens to pay for taxes.

For years, many administrations considered cryptocurrencies as direct threats because of encryption, anonymous and decentralized operation. However, some are starting to realize the value of the digital coins and even allowing them for official use. A good example is Singapore. The Singapore administration allows users to make payment using cryptocurrencies by indicating that the primary goal is relaying value. You can also pay taxes in Arizona following the passing of HB 1091 in April.

  • Use UNY to send value across the globe.

Like other cryptocurrencies, you can use UNY to send value on a peer2peer basis. All that is required is for the sender and recipient to be on the same network. Because the platform allows users to bypass profit-seeking organizations such as banks, sending value is fast and cheap.  Within minutes, the recipient will have received the tokens no matter the location on the globe.

  • Unity Ingot token as an investment token.

For people who have been looking forward to investing in cryptocurrencies, the best method to select the right token is looking at the long-term expectation. Because UNY is backed by gold bullions, people expect that their investment will continue growing in the long term. However, it is important to appreciate the assessment for growth is based on speculation. The growth and ROI on investment that you can get from cryptocurrencies are based on many factors such as competition and the looming regulation.

NOTE: Though the design of the Unity Ingot platform and tokens might be desirable; different communities have raised concerns about the possibility of being a scam. One of the main things resulting in the argument is the lack of a clear token release model. Unlike other cryptocurrencies that have a clear model of release such as through mining, Unity Ingot indicates that the tokens are only released when there is demand.

Since its release in May 2017, most exchanges have refused to list the token indicating that it is a risky coin. With most of the exchanges having the robust assessment platforms to tell between a scam and genuine token, a lot of investors have opted to stay away from the token.

The Unity Ingot does not have a comprehensive white paper. Many people feel that a lot of components about the project have been overlooked, and investing there is too risky

With these concerns growing every day, experts are recommending that investors rethink their commitment. It is preferable to compare the investment with other related projects or spread the investment in different projects to lower the risk.

https://stocksgazette.com/2018/02/14/unity-ingot-uny-explained-does-it-have-potential/

https://bitcoinexchangeguide.com/cryptobontix/

https://www.reddit.com/r/CryptoCurrency/comments/6ob0qj/unity_ingot_is_probably_a_scam/

https://isthiscoinascam.com/check/unity-ingot