Background
In the last decade, many coins have been
issued to follow Bitcoin's success using technology that is said to be the
fourth industrial revolution after weaving machines, conveyors and the
internet. The form of this fourth industrial revolution is widely called the
science and technology leaders that is blockchain.
A Roberts loom in a weaving shed in
1835, on that time textiles were the leading industry of the Industrial
Revolution and mechanized factories, powered by a central water wheel or steam
engine, were the new workplace.
The Industrial Revolution was the
transition to new manufacturing processes in the period from about 1760 to
sometime between 1820 and 1840. This transition included going from hand
production methods to machines, new chemical manufacturing and iron production
processes, the increasing use of steam power, the development of machine tools
and the rise of the factory system.
Textiles were the dominant industry of
the Industrial Revolution in terms of employment, value of output and capital
invested. The textile industry was also the first to use modern production
methods.
The Industrial Revolution began in Great
Britain, and many of the technological innovations were British. By the mid-18th
century Britain controlled a global trading empire with colonies in North
America and Africa, and with some political influence on the Indian
subcontinent, through the activities of the East India Company. The development
of trade and the rise of business were major causes of the Industrial
Revolution.
The Industrial Revolution marks a major
turning point in history; almost every aspect of daily life was influenced in
some way. In particular, average income and population began to exhibit
unprecedented sustained growth. Some economists say that the major impact of
the Industrial Revolution was that the standard of living for the general
population began to increase consistently for the first time in history,
although others have said that it did not begin to meaningfully improve until
the late 19th and 20th centuries.
An economic recession occurred from the
late 1830s to the early 1840s when the adoption of the original innovations of
the Industrial Revolution, such as mechanized spinning and weaving, slowed and
their markets matured. Innovations developed late in the period, such as the
increasing adoption of locomotives, steamboats and steamships, hot blast iron
smelting and new technologies, such as the electrical telegraph, widely
introduced in the 1840s and 1850s, were not powerful enough to drive high rates
of growth. Rapid economic growth began to occur after 1870, springing from a
new group of innovations in what has been called the Second Industrial
Revolution. These new innovations included new steel making processes, the
large-scale manufacture of machine tools and the use of increasingly advanced
machinery in steam-powered factories.
Continued by conveyor and internet
specifically in the end of 2000, now the world are welcoming new form of
industrial technology called blockchain. A blockchain, originally consist of 2
(two) words : “block” and “chain”, is a continuously growing list of records,
called blocks, which are linked and secured using cryptography. Each block
typically contains a cryptographic hash of the previous block, a timestamp and
transaction data. By design, a blockchain is inherently resistant to
modification of the data. It is "an open, distributed ledger that can
record transactions between two parties efficiently and in a verifiable and
permanent way". For use as a distributed ledger, a blockchain is typically
managed by a peer-to-peer network collectively adhering to a protocol for
validating new blocks. Once recorded, the data in any given block cannot be
altered retroactively without the alteration of all subsequent blocks, which
requires collusion of the network majority.
Blockchains are secure by design and are
an example of a distributed computing system with high Byzantine fault
tolerance. Decentralized consensus has therefore been achieved with a
blockchain. This makes blockchains potentially suitable for the recording of events,
medical records, and other records management activities, such as identity
management, transaction processing, documenting provenance, food traceability
or voting.
Blockchain was invented by Satoshi
Nakamoto in 2008 for use in the cryptocurrency bitcoin, as its public
transaction ledger.
Quoted from : https://www.linkedin.com/pulse/whats-next-generation-internet-surprise-its-all-don-tapscott
by Don & Alex Tapscott, authors Blockchain
Revolution (2016) , “The blockchain is an incorruptible digital ledger of
economic transactions that can be programmed to record not just financial
transactions but virtually everything of value.” To easier understand
blockchain, it can be imagined the network designed to regularly update
spreadsheet. Picture a spreadsheet that is duplicated thousands of times across
a network of computers.
Information held on a blockchain exists
as a shared — and continually reconciled — database. This is a way of using the
network that has obvious benefits. The blockchain database isn’t stored in any
single location, meaning the records it keeps are truly public and easily
verifiable. No centralized version of this information exists for a hacker to
corrupt. Hosted by millions of computers simultaneously, its data is accessible
to anyone on the internet.
The blockchain network lives in a state
of consensus, one that automatically checks in with itself every ten
minutes. A kind of self-auditing
ecosystem of a digital value, the network reconciles every transaction that
happens in ten-minute intervals. Each group of these transactions is referred
to as a “block”. Two important properties result from this:
Transparency data is embedded within the
network as a whole, by definition it is public.
It cannot be corrupted altering any unit
of information on the blockchain would mean using a huge amount of computing
power to override the entire network.
Anything that happens on it is a
function of the network as a whole. Some important implications stem from this.
By creating a new way to verify transactions aspects of traditional commerce
could become unnecessary. Stock market trades become almost simultaneous on the
blockchain, for instance — or it could make types of record keeping, like a
land registry, fully public. And decentralization is already a reality.
A global network of computers uses
blockchain technology to jointly manage the database that records Bitcoin
transactions. That is, Bitcoin is managed by its network, and not any one
central authority. Decentralization means the network operates on a
user-to-user (or peer-to-peer) basis. The forms of mass collaboration this
makes possible are just beginning to be investigated.
The blockchain potentially cuts out the
middleman for these types of transactions.
Personal computing became accessible to the general public with the
invention of the Graphical User Interface (GUI), which took the form of a
“desktop”. Similarly, the most common GUI devised for the blockchain are the
so-called “wallet” applications, which people use to buy things with Bitcoin,
and store it along with other cryptocurrencies.
By storing data across its network, the
blockchain eliminates the risks that come with data being held centrally.
Its network lacks centralized points of
vulnerability that computer hackers can exploit. Today’s internet has security
problems that are familiar to everyone. We all rely on the “username/password”
system to protect our identity and assets online. Blockchain security methods
use encryption technology.
The basis for this are the so-called
public and private “keys”. A “public key” (a long, randomly-generated string of
numbers) is a users’ address on the blockchain. Bitcoins sent across the
network gets recorded as belonging to that address. The “private key” is like a
password that gives its owner access to their Bitcoin or other digital assets.
Store your data on the blockchain and it is incorruptible. This is true,
although protecting your digital assets will also require safeguarding of your
private key by printing it out, creating what’s referred to as a paper wallet.
The blockchain gives internet users the
ability to create value and authenticates digital information. Result of new business applications as follow :
1.
Smart
contracts
2.
The
sharing economy
3.
Crowdfunding
4.
Governance
5.
Supply
chain auditing
6.
File
storage
7.
Prediction
markets
8.
Protection
of intellectual property
9.
Internet
of Things
10. Neighbourhood Microgrids
11. Identity management
12. Anti Money Laundering (AML) and
Know Your Customer (KYC)
13. Data management
14. Land title registration
15. Stock trading
As can be seen above, blockchain
technology is able to touch wide range of human life. There is the value of
blockchain technology, which is possible to make the creation of
crypto-exchanges and assets.
Many reason to develop crypto currency,
among them are data that can be obtained from Google report. Since the
beginning of 2017, it can be seen that the number of :
a.
search
requests for crypto currency among users has increased by more than 250%.
b.
requests
for types of crypto-currencies has increased by 560% since the beginning of year
2018.
c.
Also
can be found total number of requests for mining in the reporting period increased
by 560%.
Problem
arisen from cryptocurrency development
Due to high interest on many people
around the world to utilize this blockchain technology, there is a huge project
scattered around the crypto currency space. There are some new tokens can
succeed from its issued but not the least of which are fail with various
reasons. There are a good project concepted but due to lack of advertising then
this project is not successful. There are some project also with concepted
inappropriately but it can succeed during the ICO but unable to carry out continuously.
These phenomenon surely will caused to lose for many parties involved such as
investor, developer and other users.
Above problems are faced by many
involved parties, not only individual to be faced even also large companies faced
with false and inefficient projects in crypto-currency space. As natural characteristic
to be independent means it is not regulated by anybody including government of
certain country, then it is purely depend on the market and public. So the
problems arisen aforesaid should be minimized accordingly used by same method
which is not contrary with blockchain characteristic.
From this point of view, Revizor is rising
into crypto currency space to minimize those problems with some advantages that
will not be found on any other type of coin even now only revizor is the only
coin which capable of handling the above problem.
Who,
What Is Revizor Coin and How to Overcome the Problems?
As
aforesaid that Revizor team departs from observe latest technology development
and situation recently which has influenced the cryptocurrencies community. As says
in Revizor white paper, this team see necessity to reform fundamentally of the
crypto-currency market, which will facilitate its transition to a qualitatively
new level.
Currently
the Revizor team sees a need for a market regulation process which should only have
the possibility by filtering it from
false and ineffective projects in its implementation in the crypto-currency space.
Before
continue to further explanation, it is better in the beginning to know who is
the team involved in this futuristic project. Here is the key team of Revizor
coins :
1.
Yuliya Zhurba as CEO, head of
legal sphere, and integration strategy
2.
Nikolai Gonzharuk as chief of
telecommunications
3.
Levgen Nikutin as Chief technology
officer
4.
Oliga Bubyr as executive activity,
accounts department
5.
Nick Burun as promotion in social
media & SEO
6.
Ludmila Kyazeva as graphic designer
of the project
As
aforesaid that Revizor coin high development of crypto currency situation
recently which has influenced the crypto community. As said at Revizor website
: https://revizor-coin.io/, it can be
found description of Revizor as follow :
“Revizor
is an innovative project in the field of regulation of the crypto-currency
market, the main task of which is to create software tools that would filter a
wide range of assets by absorbing unpromising tokens. Advantages of RevizorCoin
is that to date there is no similar project in blockchain. About a thousand
different coins as a result of the introduction of Revizor will be absorbed,
making it possible to blockchain system cleaning. RevizorCoin is the only coin
that does not need mining, as its owners will constantly increase their capital
in a certain arithmetic progression after each absorption of illiquid coins.”
In the whitepaper of Revizor can be found also about additional
description of it as quoted below :
“Revizor
is the first crypto-derivative. The absorbed assets will be considered publicly
on our channel and in social networks.
Among them there are interesting projects, but due to the shortage and
lack of advertising these projects did not gain the declared capitalization and
lost value. After the acquisition of such coins, an auction is held by us for
auctioning the crypto-derivatives of illiquid tokens, which will be of interest
to individual companies for the completion of these projects and their
re-launch in an improved form.”
From
above description it can be known that Revizor description as below :
1.
Revizor is a software tools that
can filter a wide range of assets by absorbing unpromising tokens in form of
illiquid coins
2.
Revizor can clean the Blockchain
system by absorbing unpromising tokens
3.
It is not necessary to mining Revizor
coin
4.
Revizor is a first crypto-derivative
5.
Revizor has ability to return the
illiquid coins to be re-launched in an improved form that can be carried out
with a party who win the auction held by Revizor.
By using the 5th ability of Revizor, it can be seen
that there will be a second chance for a developer to to return their
investments and thereby participate in the RR.
Perhaps a question could be come up how can be the failed coins
to be revived by such incredible Revizor coins? The questions is answered by
the Revizor working. Described in the whitepaper that the principle of Revizor
is the creation of a range of tools that allow filtering exchange flows from
deliberately unrealizable and fraudulent crypto assets. If the assets of crypto
is goods and promising, then it will be passed the filter application then to
be informed to the public. If the owner of developer knew this coin are
displayed, he can participate in an auction to be held by Revizor. If he
obtained again that coins, then Revizor will help to advertise the coins in
wider coverage including use the television to be owned by Revizor for better
advertising as trusted the key of business. This second chance is believed to
be able returning the investment of the developer made and also the coins will
be successful. The fund expensed by developer will be returned and there is
possibility making profit in second chance. So the investors involved will earn
benefit from the token of a project that is good and promising issued especially
when it is implemented.
Revizor underlines the word : project promising specially in the
implementation because there was a project which is good on that time but not
good on implementation. Revizor will filter these kinds of tokens to be not
passed, since such coins can hurt many investors. As quoted from Revizor
whitepaper, there was a cryptocurrency project happened in 2015, it had
attracted 6,019,420 USD just for 24 hours!!! Incredible…. However as of
September 22, 2017, its value is $ 0.002594 with a zero capitalization level.
This speaks first of all about the failure of the project. Revizor observes such
projects very often, this kind of project to be filtered. .
In simpler words, there are 3 (three) principles or Revizor
works as below :
1.
Filtering fraud, unpromising
tokens that will be difficult to be implemented.
2.
Spreading the information of
promising project to the community
3.
Provide auction for good and
promising projects but it was failed for previous ICO
While the advantages of Revizor as quoted from their website https://revizor-coin.io/#advantages/
:
1.
Exchange of illiquid coins
2.
Bank of data – RevizorCoin
3.
Revizor Coin TV
4.
Auction of blockchain assets
1.
Exchange of illiquid coins
The
principle of Revizor is the creation of a range of tools that allow filtering
exchange flows from deliberately unrealizable and fraudulent crypto assets. The
exchange will be made automatically. For each category of coins will be
established its profitable course for everyone. The degree of liquidity of a
particular assets ultimately determined by the market itself. By exchanging
this project`s coins for RevizorCoin, the owner has a second chance to return
their investments and thereby participate in the RR. Due to the absorption of
other coins, not only the price will grow, but also the amount of RR for their
owners will increase.
2.
Bank of data – RevizorCoin
Analysis of financial flows.
Is an essential advantage of the
Revizor project.
It is an information field in
which will regularly appear information on absorbed tokens .
Their quantitative indicator will
characterize the liquidity of a project, as well as point to the prospects for
its further development.
In addition, the analytical data
bank will contain the following information:
1) the offer to sell the project
or its share;
2) announcements of the start of
sales through the Revizor`s auction of the tokens absorbed by our project, as
well as the products put up for sale by others in the field of blockchain
(ideas, copyrights, already launched sites, crypto currency exchangers and so
on).
3.
Revizor Coin TV
One of the priorities for the
Revizor team is the creation of its own television channel. Revizor Coin TV
will expand the crypto-currency information space on the sphere of television.
The information flow on RevizorCoin TV will be based entirely on clarifying new
technologies for improving the blockchain, conducting new ICOs, creating
opinion polls, etc. The TV will be broadcast around the clock in a wide range
of broadcasting formats. Thus, we will be able to reach the maximum number of
audiences. Also, an online broadcast via the Revizor`s website is being
prepared.
4.
Auction of blockchain assets
It
represents a unique platform for the development of the blockchain community.
Systematically, Revizor will conduct auctions at which the absorbed coins will
be exhibited. In addition, anyone can put up for sale at our auction, their
blockchain product (idea, copyright, site, cryptocurrency exchange, etc.). Regularly
at the auction will be sold products of all kinds of innovative technologies,
interesting developments and ideas. Sale of an absorbed set of tokens, as well
as other lots, exhibited at our auction will begin with a minimum price. This
gives a chance to buy any participant of the auction a large part of the crypto
assets of the absorbed projects, as well as ideas in the field of blockchain
for their further implementation, copyrights to certain developments, already
created sites , cryptocurrency exchangers, and so on. In addition, the makers
of failed projects can also buy coins. Thus, they will prove their honest
intentions and will be able to re-instill confidence in their project. Thus, in
the auction to participate in the quality of both the seller and the buyer will
be able to any: from a simple user to the company.
The general overview of RevizorCoin can be presented with a
graph as below :
Timeline and Roadmap of Revizor Project
To realize the idea of RevizorCoin, team has formulated
the time required and the stages of what should be performed. Revizor team had
studied cryptocurrency technology and blockchain networks to be able for implementation
since January 2017. Revizor team launched a the website on October 2017,
Pre-ICO on January 2018, ICO on March 2018 and to create Revizor Platform on
June 2018.
Specifically started from ICO, the roadmap of revizor can
be seen in below picture :
Fund Management Planning
Revizor team
will manage the plan of this fund management through 2 (two) scheme, the first
is RevizorCoin Distribution thorugh ICO and the second will be reserved for the
exchange.
Total issued
800 million RevizorCoin:
-
30% of coins will be distributed at the ICO stage
conditions for
the exchange of illiquid coins: buying 1 RR on the stock exchange, a purse is
opened with the possibility to exchange illiquid tokens to this purse
-
70% of coins are reserved for the exchange of illiquid crypto assets on
RevizorCoin
this
project is necessary in connection with the daily receipt of these currencies
* The situation described above is hypothetical. The
purpose of the example is to show an eventual scenario.
Further
information can be referred to below link :
Website : https://revizor-coin.io
YouTube : https://www.youtube.com/channel/UCjD7LUQb4R7NU8_V9b3Cf0A
bitcointalk username : hurry_hore
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