#internetofvalues

[softwaredynamism]

Unleashing the potential of idle infrastructure

The rapid advancements in blockchain technology have ushered in a new era of decentralized networks, with Decentralized Physical Infrastructure Networks (DePINs) standing at the forefront of this transformation. DePINs represent a groundbreaking approach to managing and utilizing physical infrastructure by leveraging the power of decentralized networks and tokenization. 

The challenge: unlocking the value of idle infrastructure

In traditional infrastructure models, vast amounts of physical assets—such as storage units, computing resources, and communication networks—often remain underutilized. This idle infrastructure represents a significant opportunity cost, as it could be leveraged to generate revenue, reduce costs, and enhance overall efficiency. However, centralized control, lack of transparency, and limited incentive structures have historically hindered the effective utilization of these resources. While rapid network expansion can be appealing, it is essential to align infrastructure growth with actual user demand. 

Tokenization: The key to decentralized utilization

Tokenization is the process of representing physical assets as digital tokens on a blockchain. It offers a revolutionary solution to the problem of idle infrastructure. By tokenizing infrastructure assets, these resources can be fractionalized, traded, and monetized on decentralized platforms, improving resource allocation and creating new streams of revenue. 

For example, a data center with excess storage capacity can tokenize this idle space, allowing users to purchase or lease storage directly through a decentralized marketplace. This not only optimizes the use of existing infrastructure but also democratizes access to it, enabling a broader range of participants to engage in the market.

Decentralization is at the heart of DePINs, but it can be undermined if control becomes too concentrated. Reliance on large mining pools, which centralize power in a few regions, underscores the need for DePINs to promote broad participation and prevent centralization to maintain the integrity of the network.

Koii Ocean: A new paradigm in funding DePINs

Koii has introduced the Koii Ocean platform, a groundbreaking approach to crowdfunding for projects. With 90,000 nodes in its ecosystem, it addresses a critical issue in the DePIN space: overreliance on venture capital funding, which often creates misalignment between project goals and community interests. Koii empowers builders through the principles of #crowdSource, #crowdBuild, and #crowdFund.

Key features of Koii Ocean:

Direct community investment: Koii node operators can invest directly in new projects. This ensures better alignment with long-term project goals (#crowdSource).

Comprehensive support: Koii Ocean handles all aspects of the fundraising process, including KYC and compliance. This makes it easier and more efficient for projects to launch and scale (#crowdBuild).

Democratized funding: The platform opens up investment opportunities to a broader community, moving away from the traditional VC-dominated model (#crowdFund).

The economic flywheel and innovation incentives

The success of DePINs, including those launched through Koii Ocean, is closely tied to the economic flywheel effect. Initial token incentives drive participation, which in turn increases the network’s value and attractiveness. This creates a feedback loop that further incentivizes participation and network growth.

Koii’s approach aligns individual incentives with collective outcomes, creating a self-organizing ecosystem where participants are rewarded for contributing to the network. This decentralized model not only enhances the efficiency of resource utilization but also encourages the broader adoption of DePINs by lowering barriers to entry and increasing access to infrastructure assets.

Challenges and considerations

While DePINs and platforms like Koii Ocean offer immense potential, several challenges must be addressed:

Aligning growth with demand: DePINs must develop strategies to better forecast and match infrastructure expansion with actual user demand to avoid unsustainable growth.

Preventing centralization: true decentralization is crucial, and platforms like Koii Ocean help by broadening the investor base beyond traditional VCs.

Transparency and participant-friendly models: clear communication about KYC and participation costs helps keep everyone informed, preventing any misunderstandings and ensuring the network stays stable.

Balancing speculation and utility: DePIN projects must focus on building tangible utility to prevent volatility and ensure sustainable growth.

Conclusion

The intersection of tokenization, Crypto DePIN projects with innovative platforms like Koii Ocean represents a significant shift in how we can manage and utilize infrastructure. By unlocking the value of idle resources, enabling decentralized management, and providing new funding models, these technologies are paving the way for a new era of decentralized infrastructure.

By aligning individual incentives with collective outcomes, these new models offer powerful mechanisms for driving the growth and sustainability of decentralized networks, contributing to a more equitable and efficient global infrastructure landscape.

Join the koii node task

[frecx]

What Is Hyperledger? Hyperledger is an open-source collaborative effort to improve blockchain. It offers an enterprise-grade framework. The tools will help to strengthen blockchain implementation across multiple sectors, including manufacturing, supply chains, finance, etc. www.freqchain.io

[cryptonairesquad]

If you have ever had to wire money through a bank, you know that it can be VERY expensive and VERY slow! This is one of the many problems that can be solved with cryptocurrency. Specifically, XRP. The digital currency, XRP, acts as a bridge currency to other currencies. It does not discriminate between any fiat or cryptocurrency, which makes it easy for any currency to be exchanged for another. XRP settles in Seconds, traditional methods take days! And with XRP your cost is less than a penny, REGARDLESS of how much you send! Traditional methods charge a percentage of the transaction. So you can LITERALLY transfer $50Million on the XRP Ledger and pay less than one shinny penny! By now you should see why ANYONE who has a need to move money would want to consider using the XRP Ledger! #CryptonaireSquad #xrp #xrpl #xrparmy #davidschwartz #internetofvalue

[aldragon]

Ripple for Good dona $ 105 millones a Charity para Educación

Ripple for Good dona $ 105 millones a Charity para Educación

Ripple anunció su nuevo programa de impacto social, Ripple for Good, que busca apoyar la educación y la inclusión financiera. El programa de impacto social de Ripple está orientado a apoyar las organizaciones e iniciativas impulsadas por la misión.

los #InternetofValue no se trata de interrupciones, se trata de la finalización, lo que hace que la globalización sea mejor para todos. Ripple…

[jacobhinkley]

Ripple adds another partner to its bucket; offers same-day transfers out of Brazil

In a recent Twitter post, Ripple Labs announced their partnership with BeeTech, a Brazilian financial service. The company is born out of ideas that connect financial technology and innovation to transparency. The announcement read:

“We’re thrilled to partner with BeeTech. Ripple supports them with payments infrastructure that enables them to rollout new products, offering same-day transfers out of Brazil.”

BeeTech’s primary objective is to simplify and automate processes to provide a secure, personified and unique experience to its customers. Moreover, through its products, the company wants to offer its customers financial solutions to all processes involved in overseas transactions. The partnership gave a window of opportunity to eliminate the friction of cross-border payments between Brazil and Latin America.

The SVP of Customer Success at Ripple, Marcus Treacher, said after the announcement:

“BeeTech is a great partner & Ripple customer. Privileged to be working with them & building the #InternetofValue“

A Twitter handle by name xrpbrazil tweeted:

“BeeTech is huge. First platform totally online for cross-border payments in Brazil!!”

Recently Ripple has been seeing rapid expansion. Many companies have been flocking in, to partner with Ripple. Another recent partnership came to light featuring Ripple and TransferGo. This announcement, made on 5th September, allows cross-border payments between India and Europe with the help of Ripple’s payment system.

  In one of its tweet, Platio an all in one smart banking platform headquartered in London stated that they have a vendor agreement with Ripple. The company further revealed that it will be integrating with Ripple’s xVia feature to transmit payments.

Sri Lanka’s notable commercial bank, Cargills Bank Limited, also recently partnered with Ripple Labs Inc.  The partnership enabled cross-border inward remittances to Sri Lanka using RippleNet. The COO of Cargills Bank, Rohan Muttiah, said:

“We use technology to make Banking and payments simple, convenient, and accessible. Joining RippleNet allows Remittance Agents and Banks to leapfrog sources of friction and complexity in Inward Remittances while offering beneficiaries’ unparalleled access to their funds through Cargills Food City supermarkets.

The post Ripple adds another partner to its bucket; offers same-day transfers out of Brazil appeared first on AMBCrypto.

Ripple adds another partner to its bucket; offers same-day transfers out of Brazil published first on https://medium.com/@smartoptions

[joshuajacksonlyblog]

Ripple Has the Attention of the IMF: Ripple (XRP) Price-Technical Analysis (May 21)

In the last week, the depreciation was slow now that Ripple sellers are finding resistance at 60 cents. Despite this, sellers did confirm the 3-bar reversal pattern clear after week ending May 6 close. Today, it’s just a matter of waiting and if there are favorable news that would buoy prices then the better. In any case, our reasonable buy triggers are set at 75 cents while sells can find theirs at 60 cents.

From the News

Implementation of blockchain technology towards solution of every day’s problem will for sure help accelerate adoption of DApps that make use of them. Take Ripple for example. At its core it uses blockchain ad they avail four products for their clientele. One of them is xRapid, a cross border payment or money transfer facilitator that strives to make the market more efficient.

Through a demonstration at the Consensus 2018, David Schwartz said that companies and or start ups that implements xRapid are guaranteed to save up-to 70 percent of costs. During their demonstration, xRapid, which uses RippleNet, could move funds from the US to Mexico in two minutes complete with the transaction receipts and registries at the blockchain.

Standing room only at @JoelKatz's live demo of 1st #xRapid payment! #Consensus2018 pic.twitter.com/n9Ezd6WKu6

— Ripple (@Ripple) May 14, 2018

Since everything is done in a transparent manner, there is no need of fear because of the end to end tracking of transactions that cushions everything against potential fraud.  Besides there is no obligation for users to make use of XRP tokens so they need not to worry about the up and downs of XRP market pricing.

While at it, Ripple announced Xpring, a smart initiative by Ripple, for funding companies, entrepreneurs and start ups who use Ripple products. Through an official announcement in their company’s website, Ripple said they are ready to incubate, fund, offer grants or even invest in start-ups that leverage on their technologies.

Excited to announce Xpring, a new initiative that supports businesses growing on the XRP Ledger, and initial investments in @SB_Projects, @blockchaincap, @Coil_ and @omni. Together, we will grow the #InternetofValue! https://t.co/Vx7cBrnz3D

— Ripple (@Ripple) May 14, 2018

In my view, this is a bold move and they actually see the benefit of starting earlier and building up the whole Ripple ecosystem. Driving this program would be Ethan Bear who is also the senior vice president of Ripple and Xpring. Before this, Ethan was the Director at Facebook Developer Network.

Price Analysis: Ripple (XRP)

Weekly Chart

Ripple (XRP) Weekly Chart by Trading View

We can decide to look Ripple from a bullish perspective or a bearish point of view. Yes, we cannot argue that prices have been trickling down in the past few days completing an ideal break below consolidation in a three bar bear reversal pattern. In fact before last week we had a bearish engulfing pattern bringing forth an Evening Star formation. What we wanted was a confirmation and lower lows towards our ideal 45 cents which is also the main support line in our analysis.

Now note that by week ending April 22 we had a bullish candlestick but the fact that prices are finding it hard to convincingly close below it means recent lower lows were actually long coverings. In our case, we shall turn on the bearish torch-I’m bearish already-and recommend shifting trailing stops to 70 cents if there is close below 60 cents today. If not and Ripple end up bullish, exiting those short positions is prudent.

Daily Chart

Ripple (XRP) Daily Chart by Trading View

In the daily chart, odds are buyers are in charge. It isn’t really hard to see why. Our previous support line at 60 cents like a spring board for buyers following that double bottom formed between May 12 and 18. In case we are wrong, that support line at 60 cents will be our bear trigger line especially if bears push prices lower as they sync with the overall bear trend.

On the flip side, I will recommend buys if and only if today end up as a bull candlestick confirming higher highs we have been seeing in the previous days. My ideal bull trigger line is at 75 cents or around May 14 highs.

The post Ripple Has the Attention of the IMF: Ripple (XRP) Price-Technical Analysis (May 21) appeared first on NewsBTC.

from Cryptocracken Tumblr https://ift.tt/2wTeXh0 via IFTTT

[michaelbennettcrypto]

Ripple Has the Attention of the IMF: Ripple (XRP) Price-Technical Analysis (May 21)

In the last week, the depreciation was slow now that Ripple sellers are finding resistance at 60 cents. Despite this, sellers did confirm the 3-bar reversal pattern clear after week ending May 6 close. Today, it’s just a matter of waiting and if there are favorable news that would buoy prices then the better. In any case, our reasonable buy triggers are set at 75 cents while sells can find theirs at 60 cents.

From the News

Implementation of blockchain technology towards solution of every day’s problem will for sure help accelerate adoption of DApps that make use of them. Take Ripple for example. At its core it uses blockchain ad they avail four products for their clientele. One of them is xRapid, a cross border payment or money transfer facilitator that strives to make the market more efficient.

Through a demonstration at the Consensus 2018, David Schwartz said that companies and or start ups that implements xRapid are guaranteed to save up-to 70 percent of costs. During their demonstration, xRapid, which uses RippleNet, could move funds from the US to Mexico in two minutes complete with the transaction receipts and registries at the blockchain.

Standing room only at @JoelKatz's live demo of 1st #xRapid payment! #Consensus2018 pic.twitter.com/n9Ezd6WKu6

— Ripple (@Ripple) May 14, 2018

Since everything is done in a transparent manner, there is no need of fear because of the end to end tracking of transactions that cushions everything against potential fraud.  Besides there is no obligation for users to make use of XRP tokens so they need not to worry about the up and downs of XRP market pricing.

While at it, Ripple announced Xpring, a smart initiative by Ripple, for funding companies, entrepreneurs and start ups who use Ripple products. Through an official announcement in their company’s website, Ripple said they are ready to incubate, fund, offer grants or even invest in start-ups that leverage on their technologies.

Excited to announce Xpring, a new initiative that supports businesses growing on the XRP Ledger, and initial investments in @SB_Projects, @blockchaincap, @Coil_ and @omni. Together, we will grow the #InternetofValue! https://t.co/Vx7cBrnz3D

— Ripple (@Ripple) May 14, 2018

In my view, this is a bold move and they actually see the benefit of starting earlier and building up the whole Ripple ecosystem. Driving this program would be Ethan Bear who is also the senior vice president of Ripple and Xpring. Before this, Ethan was the Director at Facebook Developer Network.

Price Analysis: Ripple (XRP)

Weekly Chart

Ripple (XRP) Weekly Chart by Trading View

We can decide to look Ripple from a bullish perspective or a bearish point of view. Yes, we cannot argue that prices have been trickling down in the past few days completing an ideal break below consolidation in a three bar bear reversal pattern. In fact before last week we had a bearish engulfing pattern bringing forth an Evening Star formation. What we wanted was a confirmation and lower lows towards our ideal 45 cents which is also the main support line in our analysis.

Now note that by week ending April 22 we had a bullish candlestick but the fact that prices are finding it hard to convincingly close below it means recent lower lows were actually long coverings. In our case, we shall turn on the bearish torch-I’m bearish already-and recommend shifting trailing stops to 70 cents if there is close below 60 cents today. If not and Ripple end up bullish, exiting those short positions is prudent.

Daily Chart

Ripple (XRP) Daily Chart by Trading View

In the daily chart, odds are buyers are in charge. It isn’t really hard to see why. Our previous support line at 60 cents like a spring board for buyers following that double bottom formed between May 12 and 18. In case we are wrong, that support line at 60 cents will be our bear trigger line especially if bears push prices lower as they sync with the overall bear trend.

On the flip side, I will recommend buys if and only if today end up as a bull candlestick confirming higher highs we have been seeing in the previous days. My ideal bull trigger line is at 75 cents or around May 14 highs.

The post Ripple Has the Attention of the IMF: Ripple (XRP) Price-Technical Analysis (May 21) appeared first on NewsBTC.

from Cryptocracken WP https://ift.tt/2wTeXh0 via IFTTT

[brettzjacksonblog]

Ripple Has the Attention of the IMF: Ripple (XRP) Price-Technical Analysis (May 21)

In the last week, the depreciation was slow now that Ripple sellers are finding resistance at 60 cents. Despite this, sellers did confirm the 3-bar reversal pattern clear after week ending May 6 close. Today, it’s just a matter of waiting and if there are favorable news that would buoy prices then the better. In any case, our reasonable buy triggers are set at 75 cents while sells can find theirs at 60 cents.

From the News

Implementation of blockchain technology towards solution of every day’s problem will for sure help accelerate adoption of DApps that make use of them. Take Ripple for example. At its core it uses blockchain ad they avail four products for their clientele. One of them is xRapid, a cross border payment or money transfer facilitator that strives to make the market more efficient.

Through a demonstration at the Consensus 2018, David Schwartz said that companies and or start ups that implements xRapid are guaranteed to save up-to 70 percent of costs. During their demonstration, xRapid, which uses RippleNet, could move funds from the US to Mexico in two minutes complete with the transaction receipts and registries at the blockchain.

Standing room only at @JoelKatz's live demo of 1st #xRapid payment! #Consensus2018 pic.twitter.com/n9Ezd6WKu6

— Ripple (@Ripple) May 14, 2018

Since everything is done in a transparent manner, there is no need of fear because of the end to end tracking of transactions that cushions everything against potential fraud.  Besides there is no obligation for users to make use of XRP tokens so they need not to worry about the up and downs of XRP market pricing.

While at it, Ripple announced Xpring, a smart initiative by Ripple, for funding companies, entrepreneurs and start ups who use Ripple products. Through an official announcement in their company’s website, Ripple said they are ready to incubate, fund, offer grants or even invest in start-ups that leverage on their technologies.

Excited to announce Xpring, a new initiative that supports businesses growing on the XRP Ledger, and initial investments in @SB_Projects, @blockchaincap, @Coil_ and @omni. Together, we will grow the #InternetofValue! https://t.co/Vx7cBrnz3D

— Ripple (@Ripple) May 14, 2018

In my view, this is a bold move and they actually see the benefit of starting earlier and building up the whole Ripple ecosystem. Driving this program would be Ethan Bear who is also the senior vice president of Ripple and Xpring. Before this, Ethan was the Director at Facebook Developer Network.

Price Analysis: Ripple (XRP)

Weekly Chart

Ripple (XRP) Weekly Chart by Trading View

We can decide to look Ripple from a bullish perspective or a bearish point of view. Yes, we cannot argue that prices have been trickling down in the past few days completing an ideal break below consolidation in a three bar bear reversal pattern. In fact before last week we had a bearish engulfing pattern bringing forth an Evening Star formation. What we wanted was a confirmation and lower lows towards our ideal 45 cents which is also the main support line in our analysis.

Now note that by week ending April 22 we had a bullish candlestick but the fact that prices are finding it hard to convincingly close below it means recent lower lows were actually long coverings. In our case, we shall turn on the bearish torch-I’m bearish already-and recommend shifting trailing stops to 70 cents if there is close below 60 cents today. If not and Ripple end up bullish, exiting those short positions is prudent.

Daily Chart

Ripple (XRP) Daily Chart by Trading View

In the daily chart, odds are buyers are in charge. It isn’t really hard to see why. Our previous support line at 60 cents like a spring board for buyers following that double bottom formed between May 12 and 18. In case we are wrong, that support line at 60 cents will be our bear trigger line especially if bears push prices lower as they sync with the overall bear trend.

On the flip side, I will recommend buys if and only if today end up as a bull candlestick confirming higher highs we have been seeing in the previous days. My ideal bull trigger line is at 75 cents or around May 14 highs.

The post Ripple Has the Attention of the IMF: Ripple (XRP) Price-Technical Analysis (May 21) appeared first on NewsBTC.

from CryptoCracken SMFeed https://ift.tt/2wTeXh0 via IFTTT

[blockchainville]

“The #InternetofValue is not just about lowering cost and the time it takes for cross-border payments. It is about creating new business use cases and new opportunities all over the world”. -@emy_wng at #BridgeSF @artisturba @kucoinexchange @binanceexchange @officialtipbot . . #Ripple #blockchain #bitcoin #kucoin #BNB #Exchanges #trade #forex #freebies #token #litecoin #ethereum #bittrex #poloniex #US #America #crypto #cryptocurrency #twitter #instagram #Facebook #google #Microsoft

[virtualcurrencyspace]

Ripple: Aiming for the $155 Trillion“Internet of Value”

Any time you are building a business and you see a transformative opportunity, you get excited about all the adjacent opportunities, but you have to think of insertion points. But you can't boil the ocean or spread your peanut butter too thin. Today, the world sends $155 trillion across borders. If we solve this payment opportunity, we enable this Internet of Value and should have lots of other opportunities beyond that.

When Amazon started, it just focused on books. They chose a vertical, got really good at it, and expanded to other verticals. We see lots of other compelling verticals to go after in the blockchain space.

Bank liquidity is measured in the trillions of dollars. And using a digital asset to change the nature of how banks can reduce their costs and needs for liquidity is transformational in a multi-trillion dollar way. Our focus in this part of bank payments is like Amazon's initial focus on books. At some point, as we gain momentum, we will lean into other vertical markets. We think the XRP ledger is so much more performant in throughput, speed of transactions, and cost per transaction. https://www.cnbc.com/2017/09/11/ripple-ceo-brad-garlinghouse-on-bitcoin-and-xrp.html

[lochinvarlass]

Follow on Twitter https://twitter.com/LochinvarLass LochinvarLass

[xrpvibe]

The revolution of #blockchain is not going to happen outside of the financial sy...

The revolution of #blockchain is not going to happen outside of the financial sy…

[ad_1]

The revolution of #blockchain is not going to happen outside of the financial system, it will happen from within. Our work with central banks like @SAMA_GOV is another step toward building the #InternetofValue. Glad to have them on board! https://t.co/zBo3QMyAE2 [ad_2] Source by Brad Garlinghouse

[surveycircle]

Participants needed for online survey! Topic: "Investigation into Blockchain and Internet of Value" https://t.co/ArJEAUJXfh via @SurveyCircle#internet #blockchain #ConsumerResearch #feedback #InternetOfValue @UNSW #survey #surveycircle pic.twitter.com/7vWaRoT5Mq

— Daily Research @SurveyCircle (@daily_research) February 11, 2020

[jacobhinkley]

Ripple’s Swell Conference: All you need to know

Ripple recently began their marketing campaign for their conference later this year. The Swell conference, hosted by the company itself, boasts a star-studded lineup of speakers announced. This includes the 42nd President of The United States Bill Clinton as the keynote speaker, and Gene Sperling, the National Economic Advisor under Presidents Clinton and Obama.

The conference is being touted as a place where “the world’s leaders in policy, payments, and technology connect”. It is slated to take place on 1st and 2nd October later this year in San Francisco. These two days seem to be event-packed, as the agenda states that they will have more than 10 speeches over the two days, as long as customer interaction sessions interspersed through the schedule.

It is kicked off by a discussion with the former President, who was chosen as keynote speaker for helping facilitate the growth and adoption of the Internet using his powers as a President. Ripple also stated that he helped to bridge this “digital divide”, and brought new technologies to the underserved markets worldwide.

The parallels between what Clinton did and what Ripple aims to currently do are very clear, with the creation of new environments coming into play. As Ripple states, these learnings are “perhaps more relevant now than ever before”, going on to say:

“Like the Internet boom of the 90’s, we are at an impasse: digital assets and blockchain technology offer a way for value to be exchanged as quickly as information – creating more financial inclusion and economic opportunity. However, with this new technology comes the potential for concern, requiring thoughtful policy to protect consumers from risk without hampering innovation.”

Clinton’s opinions will be presented in a question and answers session which will be moderated by the aforementioned Gene Sperling, who notably served as the National Economic Council Director and Advisor under the terms of both Clinton and Obama.

Other significant events include a speech by Brad Garlinghouse, the CEO of Ripple Labs, a talk named “How To Launch a Payments App for Millions”, presumably about Ripple’s partnership with Santander UK to launch OnePay FX, and “How We Improved Retail Remittances”, which describes settlement in Japan and Thailand, which closely resembles the partnership that Ripple had with Mitsubishi UFJ Financial Group last December.

More events include a talk with BeeTech and InstaReM, recent members of RippleNet, a session about the adoption of digital assets in Financial Services, a speech by American Express on Ripple’s involvement in their Small and Medium Enterprise payments solution.

Most interestingly, there is an event known as “Meet the Movers and Shakers: Lightning Round”. The description mentions:

“What RippleNet members are available to connect? This session highlights live corridors and facilitate a way to meet the regional leads who are live and ready to process payments.”

This would imply that there is a demo of Ripple’s technology at the conference. However, time will tell as to the actual contents of the conference. In the meanwhile, the XRP community on Twitter is excited, with crypto-influence Dr. T stating:

“#SwellByRipple is going to be bigger and better than I ever imagined! This will create ripples for #InternetofValue!!”

User MorgFreeman was skeptical, however, stating:

“I am sure bill Clinton has a lot of valuable insight to cryptocurrency. I am sure he has hundreds of github commits. I am sure ripple is not a shitcoin scam”

The post Ripple’s Swell Conference: All you need to know appeared first on AMBCrypto.

Ripple’s Swell Conference: All you need to know published first on https://medium.com/@smartoptions

[cryptswahili]

Cinnamon Spices Up Video Streaming With Ripple Tech

Ripple is already synonymous with blockchain-fueled cross-border payments, and now it’s about to disrupt content creation. Cinnamon, a new content platform built on Coil, is thanking Ripple for the upcoming launch of a video streaming service.

That could be a big win for XRP’s utility, as the leading cryptocurrency for payments on Coil.

Cinnamon spices things up over YouTube by giving content viewers the chance to reward creators, through online micropayments. While details are sparse, Ripple tweeted about the development, saying that the new video streaming service reflects a growing and expanding XRP ecosystem.

With JPMorgan entering the crypto fray, it might not be a bad idea for Ripple to broaden its horizons.

  The #XRP ecosystem continues to grow and expand! Built on the @Coil platform, @CinnamonVideo is the first video streaming platform where content creators are paid directly by their viewers. #Xpring #InternetofValue #blockchain https://t.co/vRdQH79xJb

— Ripple (@Ripple) February 21, 2019

  In their announcement, the Cinnamon team also gave a nod to web monetization startup Coil, and Interledger, a protocol for payments across blockchains.

Interledger was created by Stefan Thomas, a former Ripple CTO who is currently at the helm of Coil, and Evan Schwartz, a software engineer at Ripple who is also the co-inventor of the Interledger Protocol, according to his LinkedIn profile.

Cinnamon plans to deliver exclusive content to Coil members in exchange for a fixed subscription fee, according to Coil’s website.

Coil’s model differs from YouTube in that content creators are motivated by subscription revenue, not advertisers. So where on YouTube content creators are incentivized with ads, with Coil they can monetize their content in real time with crypto-micropayments.

Cinnamon appears to harness both the web-monetization feature from Coil and cross-border nature of the XRP cryptocurrency.

Competitive Landscape

Cinnamon could be bad news for YouTube, which has suffered creator defections due to the rise of decentralized platforms. This trend has been fueled in part by issues surrounding privacy and censorship on the centralized platform. And while Cinnamon may be challenging YouTube, they are not the first crypto-fueled platform to do so.

Steemit is a social blogging platform on which content creators are rewarded with Steem tokens. The decentralized app is built on the Steem blockchain, which boasts 45,000 daily active users and 75,000 monthly active users. Steemit generates approximately 50% of the traffic to the Steem blockchain, with the balance stemming from an expanding ecosystem of Steem-based apps.

Dtube is a decentralized video-sharing platform built on the Steem blockchain. They’re an existing alternative to YouTube, but without censorship or advertising. Similar to Cinnamon, content creators are rewarded for popular content with cryptocurrency, only in Steem tokens instead of XRP.

Not to be outdone, Brave Software has just announced that users of its web browser can now tip Twitch streamers. Twitch is an Amazon subsidiary on which users create their own entertainment.

Cinnamon will provide updates on the launch of the video-streaming platform, which will be in beta format, to those who sign up for email alerts on the website.

The author is invested in digital assets, but none mentioned in this article.

  Join the conversation on Telegram and Twitter!

The post Cinnamon Spices Up Video Streaming With Ripple Tech appeared first on Crypto Briefing.

[Telegram Channel | Original Article ]

[bitcoingape]

New Video Streaming Service Plans to Use Coil To Provide Premium Content

New Post has been published on http://bitcoingape.com/new-video-streaming-service-plans-to-use-coil-to-provide-premium-content/

New Video Streaming Service Plans to Use Coil To Provide Premium Content

When Coil was launched by the former Chief Technology Officer at Ripple, Stefan Thomas, he explained that one of the goals of the project was to provide an open marketplace that made it easy for everybody on the web to compensate and support one other. Coil would offer an open protocol that provides an option outside internet ads and common subscription models.

Coil uses the Interledger protocol and cryptocurrencies to support content creators through micropayments thus moving away from the ad-supported internet. The current ad-revenue driven internet slows down our web experience as well as tracking and fingerprinting our online activity majority of the time. In September of last year, Coil tested web monetization by donating XRP to Wikipedia with every user visit. Bloggers and website administrators can also integrate Coil into their websites to get additional revenue in XRP from members of the platform.

Cinnamon Video to Use Coil and Interledger Protocol 

It is with the above brief background that a new service known as Cinnamon Video plans to become a video streaming platform that provides exclusive content to Coil members. The team at Ripple retweeted @CinnamonVideo‘s twitter announcement of their pending launch. The tweet can be found below.

The #XRP ecosystem continues to grow and expand! Built on the @Coil platform, @CinnamonVideo is the first video streaming platform where content creators are paid directly by their viewers. #Xpring #InternetofValue #blockchain https://t.co/vRdQH79xJb

— Ripple (@Ripple) February 21, 2019

How to Become a Coil Member

For you to become a member of Coil, all you have to do is create a user account on the platform’s website. Once logged in, you will enroll in a monthly subscription that ‘rewards’ content creators through micropayments with every visit you make. However, you can only access the subscription service through an invite. You can still validate your account to reserve a spot on the project’s wait list.

Why Coil Is not Exclusive to XRP

Coil uses the Interledger protocol that plans on connecting all blockchains to support interoperability. Interledger was born from a need to create a blockchain-agnostic smart contract platform. This means that we can send payments across different ledgers such as those belonging to Bitcoin, XRP, Litecoin, Ethereum and more. More on this can be found on the project’s website.

What are your thoughts on the video streaming service of Cinnamon using Coil and the Interledger protocol to bring premium content to members? Is this the beginning of a new era in content creation? Please let us know in the comment section below. 

[Feature Image courtesy of Unsplash.com]

Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

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