• NOW

News

  • NOW

Internet of Coins Launches Hybrid Asset on Multiple Blockchains

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

The Internet of Coins developers are launching the construction of an inter-systemic and cross-blockchain token called a ‘hybrid asset’. This token allows for the transfer of value between ledger systems without the need to update or adapt existing cryptocurrency source code. The not-for-profit organization has announced a crowd-funding to start on the 21 st of March 2017.

In their presentation on Bitcoin Wednesday at A-Lab in Amsterdam, the team showed a live demonstration of the transactional operating system and its graphical user interface which powers this novel blockchain technology.

The team has been developing the code for the project since their whitepaper release in 2014. Recently they announced their launch campaign under the name Coinstorm, looking to ignite a revolutionary collaboration among cryptocurrency enthusiasts to further decentralize the alternative economy scene.

Joachim de Koning: “Our goal is to create a coherent whole out of the decentralized economy initiatives we see today. There are more than a few decentralized exchange initiatives out there that we are bonding together to form a decentralized financial web.”

Robert de Groot: “With this system we aim to make everyone an exchange, to take away the risks of trusting a centralized third party and to connect alternative economies across geographical borders. Exchanging value should become as easy as swapping files; we aim for Internet of Coins to become the Bittorrent of cryptocurrencies and asset systems.”

Hybrid assets function as a dynamic portfolio, spreading the risk from holding value on a single blockchain to storing it on multiple chains. Technical an economic risks are diversified over the value systems that these assets run on. The design has a strong meta-level approach, and offers those who seek safety from volatility and blockchain failures a new vehicle to store their value.

The founders expect that the distribution of hybrid assets will ultimately lead to an increase of liquidity on the decentralized exchanges, and more interconnectivity of the different cryptocurrency systems that are all implementing their own take on what decentralized value is and how it should work.

Contact: info@internetofcoins.org

Twitter: @internetofcoins

Campaign site: https://coinstorm.net

Developer blog: https://internetofcoins.org

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Tags in this story
A-Lab, hybrid asset, Internet of Coins
Related
PR: BitCash Offers Fiat Banking Tools and Stability

BitCash – a new cryptocurrency ecosystem developed by blockchain engineer and serial entrepreneur Christian Kassler – launched on 28 August… read more.

PR: Bitcoin Depot Adds 30 Bitcoin ATMs in Chicago With Zero Fees

As cryptocurrencies continue to influence the financial service industry and provide users with endless possibilities, bitcoin ATMs have proven to… read more.

Bitcoin.com

Bitcoin.com is your premier source for everything Bitcoin-related. We can help you buy bitcoins and choose a bitcoin wallet. You can also read the latest news, or engage with the community on our Bitcoin Forum. Please keep in mind that this is a commercial website that lists wallets, exchanges and other Bitcoin-related companies.