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Home CRYPTO World Largest Ico Review Platform

Equibit Group ICO Review : Single-Trust System With a Peer-To-Peer Network

Xpress Network by Xpress Network
June 24, 2019 - Updated on September 6, 2021
in World Largest Ico Review Platform
Reading Time: 5 mins read
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Equibit Group ICO Review : Single-Trust System With a Peer-To-Peer Network
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About Equibit Group

Equibit Group solves a current equity market need by replacing antiquated and expensive single-trust system with a peer-to-peer network. It exponentially increases openness and forces transparency on a system that is growing in popularity among investors and issuing companies. Integrating seamlessly with the original Bitcoin protocol also allows Equibit to more easily gain traction within an already robust community and to take advantage of the growing pool of capital.

Basic Information

Token Name Equibit Group
Token Symbol EQB
Social Media Equibit Group ICO Review : Single-Trust System With a Peer-To-Peer Network Equibit Group ICO Review : Single-Trust System With a Peer-To-Peer Network Equibit Group ICO Review : Single-Trust System With a Peer-To-Peer Network
Platform Own Blockchain
Total raised 570,000 USD
Token for sale =====
Country Canada
Whitepaper Click Here For View Whitepaper
Website Click Here For Visit ICO Homepage

Equity creation

When a network node discovers new equibits the units contain a null issuer information field signifying that the unit is presently in a null state. This null state is the equivalent of a blank stock certificate, which would then be signed and sealed by an offering corporation and delivered to the investor. The Equibit system digitally models these same operations. Often this blank stock in itself has very little value but, as will discuss later, there is a limited amount of these null units in the system.

Segregated witnesses

The Bitcoin protocol has long suffered from an issue known as transaction malleability. The
5 information used to generate the transaction ID can, in certain circumstances, be modified by a network node to generate a different transaction ID without impacting the sender, recipient, or amount transacted. Note that this just changes the hash; the output of the transaction remains the same and the bitcoins will go to their intended recipient. However this does mean that, for instance, it is not safe to accept a chain of transactions.

Features

Cross-blockchain trades

The Atomic Cross-Chain (ACC) trading protocol, as designed by TierNolan, to ensure the
safety of a trade between buyer and seller. In an atomic trade, both parties to an exchange must complete 7 their side of the transaction and any of the parties may back out of the transaction at any time prior to completing the process. ACC requires 4 separate transactions, one on each chain to transfer value, and 2 additional “refund” transactions that are timelocked to the future and are only posted to the blockchain.

Network communications

There are a number of types of communications that have to happen in an equity market. In order to facilitate these a secure, peer-to-peer communications system is needed in order to maintain the decentralized nature of Equibit. Equibit thus contains its own communications system using Secure Sockets Layer (SSL) and Elliptic Curve Cryptography (ECC) digital signatures. These communications all happen off-blockchain and are stored locally on the network nodes involved in the discussion.

Facilitates between sellers and buyer

The Equibit system facilitates the bid/ask process between potential sellers and buyers. These offers are done off-blockchain using the messaging system. The process can be initiated by either the seller (ask) or the buyer (bid) of an equity. The offer terms are packaged and broadcasted to any users of the system. As with other message types within the system, the sender has to complete the required PoW to send the message. Offer messages can be safely ignored, responded to (with counter-offer terms), or can be used.

Earnings distributions

In order to distribute earnings issuers will need to select the date and time of record which the system will use to determine who all the investors are at that given date. An amount of bitcoins will also be specified as the gross amount of the dividend. After confirming the date and amounts the system will allocate the gross dividend across the relative share of authorized equibits held at each address and initiate bitcoin transfers to the payment address specified by each one.

Video

Team

Member
Brent Kievit-Kylar CHIEF SCIENCE OFFICER
Nathan Wosnack BLOCKCHAIN OFFICER
Christian Saucier DEVELOPMENT DIRECTOR

Also Read – Click Here for Read All ICO Review

Quote This article is writing on 24 June 2019 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258

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Article Disclaimer

The Information Presented Here Does Not Constitute Investment Advice Or An Offer To Invest. The Statements, Views, And Opinions Expressed In This Article Are Solely Those Of The Author/company And Do Not Represent Those Of Coinworldstory. We Strongly Advise Our Readers To Do Your Own Research (DYOR) Before Investing In Any Cryptocurrency, Blockchain Project, Or Ico, Particularly Those That Guarantee Profits. Furthermore, Coinworldstory Does Not Guarantee Or Imply That The Cryptocurrencies Or Projects Published Are Legal In Any Specific Reader’s Location. It Is The Reader’s Responsibility To Know The Laws Regarding Cryptocurrencies And Icos In His Or Her Country. Please Respect Your Country Law & Take Advice From Your Advisor .

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