What is Triggers?
Triggers (TRIG) is a decentralized and open source cryptocurrency created by Blocksafe Foundation with the target of revolutionize the defense technologies ecosystem through the use of technology. The goal of the foundation is to look for effective ways of reducing gun-related crime in an anonymous way.
The Foundation and its Token were created by Kevin Barnes, a US Army veteran with many years of experience as a System Coder. The Triggers token and its platform sought to provide a reliable system for innovators in the security ecosystem to seek safety solutions.
The project was first announced in July 2016 when the company held its initial coin offering (ICO) on Bittrex crypto exchange. Here is a closer check of Triggers price performance in the market after the ICO.
- The Triggers (TRIG) performance in the market
When the Triggers (TRIG) entered the market in October 2016, the value was $0.02 before dipping slightly to $0.01 in the next month of November. However, the value started rising slightly by growing to $0.14 by June 2017 and breaking the $1 mark to hit $1.33 by mid-September.
After dropping marginally to $0.55 in early November, the value resumed the bullish trend and rose steadily to hit $8.85 on 4th January 2018. This was the highest mark in the Triggers (TRIG) history. But the show did not last at the top for long.
The price shot down reaching a low of $1.62 in the subsequent month of February. The bearish trend continued in the subsequent months to reach a low of $0.1 in August 2018. Though the value has been on a downward trend in 2018, the community holds the view that it will ultimately grow as more people appreciate the extra need for gun safety.
What is the problem that Triggers solves?
While other niches such as sending value or social media are easy to use without worrying of serious liabilities, things are different when it comes to safety especially the use of guns. For example, the much that can happen in a financial system is losing one’s investment. However, life might be at risk when it comes to guns. Here is a closer look at the risk and other problems that Triggers (TRIG) comes to address:
- Lack of a reliable centralized system for smart gun technology innovators
If you follow many smart gun technology developers, they steer away from centralized servers because of the huge liabilities that come with using guns. For example, they avoid deploying their technologies using centralized servers because in the event of mistakes, the liability would be held responsible.
Most of the smart gun tech companies opt for short wireless protocols such as Bluetooth that are less effective and fragmented. This is why a trustworthy solution in is needed in the niche. Triggers (TRIG) came to fill this gap through decentralized operations.
- Limited uptake of blockchain outside the financial niche
When the term blockchain is mentioned, what comes into the mind of most people is the financial sector. From Bitcoin to Ripple, all the coins are largely targeted at the financial sector. But this limited targeting has made some sectors to be left out. One of these sectors is the smart gun technology innovation and development. This is the void that Triggers (TRIG) comes to address.
- Centralized payment systems in the market today
Though cryptocurrencies have been in the market for some time, it is interesting to note that their adoption still remains very low. Do not be cheated by the fast-growing number of cryptocurrencies in the market. It is true that they represent a growing appreciation, but the fast release into the market does not correlate to the number of those using the token.
When new tokes are released, those who rush to buy are the wealthy in society. They buy the tokens when the value is low and sell when it grows several months down the line. To appreciate this, simply take a walk downtown. Only a few stores if any accept digital coins.
Even if you go online, only a limited number allows traders to pay with digital coins. Indeed, the traders have a preference for highly rated digital tokens especially the top ones such as Bitcoin and Ethereum. Triggers (TRIG) comes to help change the trend.
How does Triggers solve the problem?
Addressing the issues reported of the smart gun technology niche required a lot of creativity. Here, the Triggers (TRIG) creators had to look for a technology that was highly reliable without taking liabilities. Here are some of the methods used to address the issues:
- A decentralized method of locking gun identity to the owner
When you have a gun, the fear of getting into the hands of the wrong people such as kids or thieves never fades away. To prevent this, Triggers works with tech promoters who install embedded technology on your gun so that it does not fire unless the owner has it.
If an unauthorized person tries to fire from the gun, the owner is notified. This makes it easy to track the gun, prevent crime, and recover it promptly. Note that this is done in a decentralized way so that the technology developers do not take responsibility when users fail to follow instructions or apply them incorrectly.
- The Triggers (TRIG) platform supports decentralized apps development
In addition to supporting the easy identification of the guns for the owner, the Blocksafe Foundation provides a platform for related safety apps development. This means that more applications can be deployed and gun users have the option of selecting the most effective.
Because the data is stored in the blockchain, it implies that the tools will be able to work with different types of guns ranging from locks to magazines among other hardware. Note that to access and use the applications, you will need to have the Triggers coin.
- Decentralization of Triggers (TRIG) and data storage
To make the system deliver the results that Blocksafe anticipated, the Foundation opted for a completely decentralized system. This means that data is stored in different nodes in the Triggers blockchain to ensure that there is no single point of failure.
Decentralization also helps to ensure that transactions run on the platform are peer2peer. This implies that the cost of sending value is low and prompt because no centralized profit-seeking organization is involved.
What makes Triggers better than it’s competitors?
When Triggers hit the market in 2016, the crypto field had very many players. Therefore, it had to fight its way to win a significant market share and remain relevant in the industry. Here are some of the things that make Triggers (TRIG) better than competitors.
- Triggers (TRIG) target a niche that has been less explored by the crypto community. This means that it is likely to enjoy near monopoly and grow rapidly as more people join to keep their guns safe.
- The project is led by a tech and highly enthusiastic team. The team comprising of top coders who have worked many years in the military implies that it understands all the ins and outs of the niche. This confidence is giving the community hope that the coin will rise in value and deliver good return on investment.
- The Triggers (TRIG) operates as a completely decentralized system. Instead of relying on a centralized system such as a bank or credit card company, the Triggers blockchain stores data on the nodes spread in the network across the globe. Therefore, there is no risk of losing data and technology can be used in any place across the globe.
- The price of the Triggers coin has been performing well in the market. Though 2018 has seen the value of the coin remain on a bearish trend, it cannot be considered to be simply a Triggers coin thing. Indeed other coins including Bitcoin and XRP have been on a similar negative trend in 2018. Despite this, the value of Triggers (TRIG) by close of October was still higher than the opening value in 2016.
- The platform runs as an open source system that supports developers’ tools. This implies that more developers can join the network and help to grow it by attracting more users and increase the value of the coin.
How can Triggers’ be categorized?
Triggers (TRIG) is a unique crypto that targets to redefine the smart gun technology development niche. The coin and its native platform have managed to extend the technology to a niche that many players have been operating total secrecy for fear of taking liabilities.
The Triggers (TRIG) system has helped the developers operate in a harmonized way to promote innovation without worrying of reprisals. Because of the impressive solutions from the development team, the platform and its native e coin are likely to grow rapidly and compete against the top cryptos in the market.
What is Triggers’ vision on security?
The Triggers’ vision on security is creating a workable framework that allows people to operate securely on the blockchain and with their guns. The vision is extended to the physical use of guns because of the fast-growing concerns for gun crime in the community. Here are some of the methods that the Triggers system employs”
- The Triggers system uses advanced encryption that prevents easy access to personal and transaction details of individuals on the platform.
- The network is run by a tech team that regularly reviews the system to identify and fix gaps.
- The platform operates as a decentralized network to ensure that there is no single point of failure for their information and transaction-related data.
- The network operates as a platform for decentralized platforms that allow more developers to craft better and more secure smart gun tools.
Examples of Triggers use cases/ applications
Though Triggers (TRIG) is targeted at the gun safety technology niche, the development team has indicated that it will try and expand to other areas including those dominated by other coins such as Ethereum. Here are some of the Triggers use cases:
- The Triggers platform and token are mainly targeted at helping users to protect the gun vault. This means that you can use the platform to ensure that the gun is protected from unauthorized use.
- The Triggers blockchain helps to share sensor data using decentralized applications. This technology is applied with the latest artificial intelligence to help with data interpretation and ensuring that guns that fall in the wrong hands are recovered securely.
- The Triggers platform technology is used to set smart locks in guns to ensure that the triggers are only used when justified. This is important in preventing the guns from accidental firing. The locks are also very helpful in linking to health records to gun ownership so that mental adequacy of users of proof beyond reasonable doubt.
- The decentralized technology is helping to prevent users from suffering virus attacks especially ransomware that encrypts files and forces owners to pay for decryption. This is possible because your data is stored in different computers and, therefore, there is no risk of one point of failure.
- The Triggers system has become a reliable method of proving personal precaution when court battles haul into their doorsteps. Using the data stored in the decentralized system, you can easily demonstrate to a court of law about your effort to stay secure.
- Like other coins in the market, Triggers (TRIG) can be traded in the exchanges. This means that you need to identify the exchanges such as Bittrex that list the coin and open a trading account. Then, deposit your funds and create an appropriate trading pair with Triggers (TRIG). Good examples of such pairs include TRIG/XRP and BTC /TRIG.
- Triggers (TRIG) can be used to send value across the globe on a peer2peer basis. Because there are no third party firms such as credit card companies involved in the transaction, the cost is low and transactions are cheaper than using the banks.
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