Tierion to seek $25m in Ethereum token sale

Blockchain startup Tierion launches ICO with a target of $ 25 million
10 July 2017   1931
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Tierion, a blockchain startup specializing in digital data verification solutions, has announced the creation of Tierion Network Token (TNT), a publicly traded digital asset based on Ethereum blockchain.

Ethereum

Is an open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements 

According to the whitepaper of the project, the Tierion token will be designed to expand and strengthen the network effect that supports the Chainpoint protocol, that enables users to create time-stamped proofs using public blockchains.

Current Tierion vs New Tierion Network Current Tierion vs New Tierion Network

Wayne Vaughan, the founder and CEO of Tierion, believes that the forthcoming sale of tokens will help the startup to bring its product to a new level:

The reality is that startups are all always locked in an arms race for talent and capital, and there's a lot of people who are walking out the door, hanging out a white paper and no product and they're raising $15m to $20m. We're a company that's been around for 18 months and we have enterprise partnerships.
 

Wayne Vaughan
The founder and CEO of Tierion

He is also convinced that creating a distributed blockchain network will help Tierion's data verification services become more reliable and secure as well as it will expand the client base.

As part of the architecture design, Tierion, together with its core partners, will be responsible for running the full stack of services for Chainpoint, maintaining a new blockchain called a "calendar" to be mutually managed as a means of reducing the network's reliance on confirmations on the public ethereum and bitcoin blockchains for data accuracy.

The end users don't have to use the application. People will be able to run a Chainpoint node, and they will be able to offer a copy of all the services you currently get through Chainpoint.
 

Wayne Vaughan
The founder and CEO of Tierion

Under the design, Tierion together with its partners would host its own version of this service stack as a way to verify proofs and build its own applications, while a distributed network of nodes help scale and audit the network.

According to representatives of Tierion, Microsoft will be the first organization to join Chainpoint Core and manage a service cluster.

Most Crypto-Optimists Live in Norway, Bitflyer Study

According to bitFlyer's poll on future of crypto, europeans believes cryptocurrency has future
24 April 2019   103

Most Europeans believe that in ten years digital currencies will continue to be in demand, but they do not have the same confidence about Bitcoin. This is reported by Cryptonews, citing a study of the bitFlyer.

10 thousand people from ten European countries took part in the online survey. Of these, 63% believe in a “bright future” cryptocurrency. However, not all Europeans are confident in the future of Bitcoin - only 55% believe that the first cryptocurrency will exist in ten years.

It is also noteworthy that, despite the fall in prices of most cryptocurrencies that lasted for almost a year, the majority of respondents positively assessed the prospects for the development of the market.

Most of the “crypto-optimists” turned out to live in Norway - 73% of the inhabitants of this Scandinavian country are convinced that a decade later, digital currencies will still be in society. This is followed by Italy (68%), the Netherlands and Poland close the top four (67% each).

The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time
The percentage of consumers who believe cryptocurrencies will still exist in 10 years’ time

But the exact form of cryptocurrency will exist, almost no one knows. Only 8% believe that they will become money, and 7% - a tool for investment or a means of preserving value.

The fact that Bitcoin is not generating as much support as other cryptocurrencies is in part a symptom of the market’s volatility, but is also a direct impact of the constant media attention that is associated to its volatility.
 

Andy Bryant

COO, bitFlyer Europe

He also added that the study demonstrated how much remains to be done to increase public awareness of the benefits and opportunities of cryptocurrencies.