#StellarClouds

[thirdeyeala]

𝚆𝚊𝚗𝚍𝚎𝚛𝚒𝚗𝚐 𝚝𝚑𝚛𝚘𝚞𝚐𝚑 𝚝𝚑𝚎 𝚌𝚘𝚜𝚖𝚒𝚌 𝚌𝚕𝚘𝚞𝚍𝚜 𝚘𝚏 𝚝𝚑𝚎 𝚞𝚗𝚒𝚟𝚎𝚛𝚜𝚎. 🌌✨

[noteverystarisasun]

Any group names?

Group Names? Unserious Group Names that's for sure i have too big of a brain for this high key /hj

[These will get more unhinged as they go on they just come to my brain]

Right lets start off Strong with Duos and Ships StellarClouds - AW + London ShiftingStars - AW + Rose PowderKeg - AW + Khalen ThunderClouds - London + Khalen ScatteredClouds - London + Rose PointBlank - Khalen + Rose

ParanoidWaters - Mullins + Willow ShiningRiver - Dawn + Willow PluckedStrings - Mullins + Kido Stream of Strings - Willow + Kido BlurryVision - Mullins + Dawn

RibbonDance - Kido x Dawn ShadowedStars - AW x Macaque

Trios The Three Muskequeers - AW + London + Rose Conflict Of Interest - Willow + Kido + Dawn The Idiot Club - London + AW + Khalen Failed Google Assistants - London + Rose + Khalen

Groups The Illegal Unregistered Beetles - AW + London + Khalen + Rose Trip Down Memory Lane - Mullins + Willow + Kido + Dawn

AU Groups FallenStars GuidingLights - Jin + AW SparkingFlames - AW + Red Son BlazingPhoenix - Lord Crim + Jin FireTornado - Lord Crim + Red Son

Sky Trio - AW + Yeva + Jin

Jin Belongs to @littlethingsrae ! Yeva belongs to @chuitu ! Lord Crimson belongs to @riptide-pools

[legit-scam-review]

Chinese Blockchain-Related Company Xunlei Reports $45.3 Million Q3 Revenue

Chinese desktop software and blockchain-related company Xunlei has published its Q3 report Wednesday, Nov. 14. According to the report, the firm’s revenue increased in 2018 after the introduction of blockchain services.

The report notes that the company’s Q3 revenue reached $45.3 million, representing an increase of 1.1% year-over-year. The firm attributed $19.8 million of that revenue to its cloud and Internet value-added services sectors, which is an increase of 8.3 percent over the same period last year.

Lei Chen, CEO of Xunlei group, stated that blockchain remains one of the key investment areas for the company, noting:

“We believe that blockchain is a technology that can change our lives, and we will strive to make it available in different areas in a simpler and more cost-effective way.”

The company specifically mentioned its blockchain platform ThunderСhain, which has been launched this year, and lists recent blockchain-related partnerships, including a deal with the largest media group in China, People’s Daily, which is also the official newspaper of the Communist Party of China.

Xunlei, known for its P2P software and BitTorrent client and especially popular in China, re-oriented towards blockchain technology development in October 2017.

Back then, following a sustained downturn over two years, the company announced its first blockchain-driven initiative: the Link Token, which could be used to pay for some of Xunlei’s services. Shortly after, Xunlei became the best performing stock on Nasdaq, seeing up to 75 percent increase in shares, according to Bloomberg.

Later, in November, Xunlei came under scrutiny from China’s financial regulator following a state ban on Initial Coin Offerings (ICO). Consequently, its shares fell 40 percent. Despite the loss, Xunlei launched two new blockchain products in the spring, StellarCloud and ThunderChain Open Platform. Several months after the launch, the company’s CEO Lei Chen claimed that in Q2 Xunlei saw a $65.8 million in revenue, meaning a growth of over 70 percent on a year-over-year basis.

As Cointelegraph previously reported, in 2018 Xunlei also partnered with People’s Daily to construct a laboratory for “technology innovation” at the People Capital’s Blockchain Research Institute. Moreover, the two will develop a blockchain-driven platform to organize competitions, seminars, workshops, and promote and identify startups in the blockchain industry.

Several crypto-related companies have recently published their Q3 2018 reports: Japanese IT giant GMO Internet revealed a “historical performance” of its crypto-related sector, and Canadian Bitcoin (BTC) mining company Hut 8 declared a record revenue of $13.5 million, an increase by 126 percent compared to the previous quarter’s revenue of $5.9 million.

Moreover, Q3 2018 marks biggest quarter yet for Bitcoin revenue of Square — a U.S. financial services company that introduced Bitcoin support in its Square Cash payment app earlier this year.

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The post Chinese Blockchain-Related Company Xunlei Reports $45.3 Million Q3 Revenue appeared first on Review: Legit or Scam?.

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[awesomeblockchain]

SHENZHEN, China, May 17, 2018 (GLOBE NEWSWIRE) -- Xunlei Limited ("Xunlei" or the "Company") (Nasdaq:XNET), a leading cloud-based acceleration technology company in China, today announced that it has launched StellarCloud and ThunderChain Open Platform to build a blockchain ecosystem in a product introduction ceremony held in Beijing on May 16, 2018.

The StellarCloud is a shared cloud computing platform which will expand Xunlei's existing Content Delivery Network (CDN) services to Infrastructure as a Service (IaaS). It also offers edge computing, function computing and shared CDN (SCDN) solutions. The StellarCloud is created to help companies in their transition to cloud, including content delivery, live streaming, data storage and artificial intelligence (AI). During the ceremony, iQIYI (Nasdaq:IQ), an innovative market-leading online entertainment service in China, entered into a strategic cooperation agreement with Xunlei with respect to the StellarCloud.

The ThunderChain is a high-performance blockchain infrastructure that can concurrently process over a million transactions per second (TPS). Now with the ThunderChain Open Platform, third-party developers and companies, especially start-ups, can easily build, migrate and manage decentralized applications (DApps) with low operating costs.

The debut of the StellarCloud and the ThunderChain Open Platform, in addition to Xunlei's blockchain-based personal cloud device OneThing Cloud, will create a Blockchain 3.0 ecosystem participated by millions of users, developers and companies. Within the ecosystem, OneThing Cloud users can voluntarily share their idle computing resources to receive LinkToken as a proof of contribution. LinkToken can be used to exchange for products or services that companies develop with the ThunderChain Open Platform or the StellarCloud. Enterprise users can exchange LinkToken for the idle computing resources contributed by OneThing Cloud users. The closed-loop ecosystem demonstrates two main advantages. First, individual users can be encouraged to share their redundant resources with enterprises with a high level of trust. Second, enterprise users will save their operating costs and create applications and services that cater to the end users' practical needs.

Mr. Lei Chen, Chief Executive Officer of Xunlei, stated, "Incentive and trust are two main issues facing not only shared computing, but also every sharing economy model in today's digital age. The emergence of blockchain technology - featuring immutability, openness and fairness - provides efficient solutions to some of the pressing problems we encounter today. With Xunlei's blockchain infrastructure, strong developer support and a million-user ecosystem, we believe developers and companies can create practical applications and solutions that really benefit end users in the era of Blockchain 3.0."

Xunlei Limited ("Xunlei") is a leading cloud-based acceleration technology company in China. Xunlei operates a powerful internet platform in China based on cloud computing to provide users with quick and easy access to digital media content through its core products and services, Xunlei Accelerator and the cloud acceleration subscription services. Xunlei is increasingly extending into mobile devices in part through potentially pre-installed acceleration products in mobile phones. Benefitting from the large user base accumulated by Xunlei Accelerator, Xunlei has further developed various value-added services to meet a fuller spectrum of its users' digital media content access and consumption needs.

This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as "will," "expects," "believes," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the management's quotations as well as the Company's strategic, operational and acquisition plans, contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. Forward-looking statements involve inherent risks and uncertainties, including but not limited to: the Company's ability to continue to innovate and provide attractive products and services to retain and grow its user base; the Company's ability to keep up with technological developments and users' changing demands in the internet industry; the Company's ability to convert its users into subscribers of its premium services; the Company's ability to deal with existing and potential copyright infringement claims and other related claims; the Company's ability to react to the governmental actions for its scrutiny of internet content in China and the Company's ability to compete effectively. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by the Company is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.

https://ift.tt/2u6qoAo

[dailycryptonews-blog]

Crypto News - Why Xunlei will thrive in Blockchain 3.0

Why Xunlei will thrive in Blockchain 3.0 The Chinese tech giant is transitioning its business, driven by blockchain and cloud computing. The company recently reported revenue of US$78.8 million for its first quarter in 2018, a rise of 117.9 percent on a year-on-year basis, with significant... You May Likes reading: Also Read: Latest Crypto News

Why Xunlei will thrive in Blockchain 3.0

The Chinese tech giant is transitioning its business, driven by blockchain and cloud computing.

The company recently reported revenue of US$78.8 million for its first quarter in 2018, a rise of 117.9 percent on a year-on-year basis, with significant growth coming from its computing cloud business. The cloud business – based on Xunlei’s patented blockchain technology – and other internet value-added services contributed over 60 percent to Xunlei’s total revenue in that time period.

Since its establishment in 2003, Xunlei has provided more than 400 million Chinese users with P2P data transmission services. Now with its super Blockchain platform ThunderChain that can handle millions of transactions per second, the company is poised for unprecedented growth globally.

On May 16 in Beijing, Xunlei released two new products: an integrated cloud service with the concept of sharing economy StellarCloud and an open blockchain applications platform ThunderChain Open Platform.

From Blockchain 1.0 to 3.0

While its venture into the cloud and blockchain space began almost three years ago, Xunlei has already been accumulating solid experience through its distributed technology for more than 10 years. It has developed a revolutionary open Blockchain platform dubbed “ThunderChain” to take the industry by storm. The company says ThunderChain utilizes a breakthrough in the limitations of Blockchain smart contracts to solve complex problems facing industries like the financial, supply chain, healthcare, and public services.

In reviewing the evolution of the Blockchain technology, many people believe that cryptocurrencies can be categorized as Blockchain 1.0 whereas Ethereum’s adoption of a decentralized platform for a limited set of applications is categorized as Blockchain 2.0.

Today, a majority of blockchain applications are still deployed within an organization or just set up for transactions with limited frequency. Xunlei regards ThunderChain as Blockchain 3.0 since it is created to involve individual users and make a great impact on their daily work and life. Xunlei was, therefore, hoping to establish a high-performance ecosystem. And ThunderChain has been specifically created to focus on applications related to entertainment, copyrights and food safety particularly on issues regarding traceability and transparency.

The Rise of Xunlei in Blockchain Adoption

Blockchain technology should be adopted in real-life scenarios rather than only being studied in laboratories, as the problems encountered during practical use can help improve Blockchain technology and make new breakthroughs. This was what Xunlei CEO Lei Chen told at the Boao Forum for but also what his firm has been doing in China.

Just under a year ago, Xunlei launched a blockchain-based personal cloud computing service OneThing Cloud that helps consumers share their idle computing resources into a massive enterprise cloud computing infrastructure. Over 1.5 million consumers are participating in Xunlei’s cloud computing infrastructure, providing their computing resources for China’s largest video streaming, entertainment and internet companies, such as XiaoMi, iQIYI, PandaTV, and Kuaishou. Through a shared computing model, Xunlei helps these enterprises significantly reduce costs in bandwidth and computing.

In addition, the million-tps ThunderChain can support smart contracts written in the Solidity language, making it compatible with Ethereum and the vast array of existing technologies that use this system.

The Road Ahead

Billions of dollars are being invested in Blockchain today, and some of the smartest people on the planet are engaged in understanding how this technology can reinvent business processes across industries and endeavors. The potential impact of Blockchain is driving businesses to rethink existing business models, re-examine opportunities previously thought nonviable, and explore a new frontier of opportunity that can impact the bottom line and benefit society.

So, what’s the future ahead for Xunlei?

ThunderChain is now open its APIs to third parties, promoting the development of applications that serve for a large user base. Xunlei introduced measures including investment, incubation, and mentorship to help blockchain startups to build their business within its ecosystem participated by over one million active users. These include grants of 300 million LinkToken to ThunderChain developers that they exchange for cloud services or execution gas. According to Xunlei, the 300 million LinkToken was originally planned for the operational purpose, but now the firm would like to give all of them back to lure developers and startups to build their business on ThunderChain. Ultimately, both startups and end users could benefit from the blockchain, taking the technical development to another level.

Xunlei is also pushing its blockchain beyond China. In April, Thai government invited Xunlei to collaborate on several Blockchain initiatives as part of a wider goal of the digital transformation. Thailand intends to leverage its proprietary Blockchain infrastructure on two main digital projects, Digital ID System and Smart City, by leveraging ThunderChain’s high-performance and stable concurrent processing capability to record, analyze and manage billions of data points more efficiently and safely.

For Xunlei, it continues to put innovation and customer value high on the list of strategic priorities, while the financial goal – as stated by management recently – is also to improve the bottom line and deliver on the margins to drive growth. Regardless, the customer is always the king here. With a new blockchain ecosystem, Xunlei should keep focusing on both enterprises and personal customers to achieve a long-term growth in the era of Blockchain 3.0.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

The post Why Xunlei will thrive in Blockchain 3.0 appeared first on Global Coin Report.

  source: https://globalcoinreport.com/xunlei-will-thrive-blockchain-3-0/

Post source: Why Xunlei will thrive in Blockchain 3.0

Source #bitcoin #news #cryptonews #cryptocurrency #dailybitcoinnew #todaynews

[saljenme-blog]

Strange moon tonight for strange days ahead #waninggibbous #fullwolfmoon #halo #january3 #2018 #stellarclouds #coldair #darknight #moonlight (at Shoreline, Washington)