Category: Kyiv

Minexcoin Announces MinexBank iOS App Launch

Bitcoin Press Release: Since the adding to the App Store, MinexBank confirms its cross-platform status and covers major types of mobile users.

March 6, 2018, Kyiv, Ukraine – MinexSystems, a development company of Minexcoin and MinexBank products, has announced the beginning of work with iOS platform. After a long and arduous verification process, the MinexBank app finally has hit the Apple App Store. The app can be downloaded for main types of Apple devices, including iPhones and iPads. It’s available for free at the official Apple App Store.

Appearing in the App Store is a landmark event for every blockchain company. The thing is, majority fintech startups face systematic and thorough inspections by App Store staff. These checks are focusing more on the legal status of the projects and less on their technical side. This translates to the fact that verification of the app shows confidence in the project from such mighty player like Apple company.

MinexSystems CEO Boris Shulyaev had these comments to share about the mission to get on the app store, stating:

“It took about two months for adding MinexBank to the App Store. After lengthy negotiations, provided evidence, legal review, etc. we have proved that MinexBank transparent and clean on the law. What’s more, we have proved our cross-platform status and once again have shown the team works hard and solves even time-consuming issues”.

MinexBank iOS app and its Android version allow all of the functionality of MinexSystem’s product whenever and wherever by almost anyone with a mobile device. In a nutshell, the app provides all MinexBank functions and fully synchronized with a desktop version. Similar to the Android version, MinexBank for iOS includes a wide range of features, such as:

  • Park MNX with one touch.
  • View parked coins and parking rates
  • Re-park coins on different durations.
  • Monitor all transactions of the bank in real time operation
  • Be the first to know about changing interests
  • etc.

Every user with a personal MinexBank account can just download the app and sign in with the wallet address and password.

For more Information, visit the Minexcoin website at – https://minexcoin.com
Follow Minexcoin on Twitter – https://twitter.com/minexcoin
Connect on Telegram – https://t.me/minexcoin
Minexcoin on Medium – https://medium.com/minecoin-blog
Thread on BitcoinTalk – https://bitcointalk.org/index.php?topic=1847292.0
Check out Minexcoin on Github – https://github.com/minexcoin/minexcoin
Find Minexcoin on Facebook – https://www.facebook.com/minexcoin

Media Contact
Contact Name: Alexey Marinich
Email: amarinich@minexsystems.com
Location: Kyiv, Ukraine

YouTube: https://www.youtube.com/channel/UC0W1HCOVEOyCse6yQbRDfxg

MinexCoin is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz

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The post Minexcoin Announces MinexBank iOS App Launch appeared first on Bitcoin PR Buzz.

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Payment Systems Minexcoin Announces Future in Atomic Swaps

Bitcoin Press Release: Payment systems platform Minexcoin offers a retrospective on Atomic Swaps and the future of decentralized exchanges by Minexcoin team.

March 1, 2018, Kyiv, Ukraine – Minexcoin, a payment system based on low-volatility cryptocurrency, has announced successful Atomic Swap tests between MNX and BTC blockchains. This news suggests a potential future launch of a decentralized, fee-free exchanger which could become a base for development on a trustless exchange. Before that can become a reality the MNX team will have to continue their hard work to overcome some of the areas of difficulty.

Atomic Swaps is one of the hottest and most current areas of interest in the blockchain world right now.

There have already been successful recorded transactions between cryptocurrencies like Bitcoin, Litecoin, Zcash, Decred, and many others. Despite these advancements, the majority of the atomic swap protocols so far have been done on ‘Test-nets’, through difficult, time-consuming methods

Minexcoin Lead Blockchain-Developer Roman Hulenko explains the potential of Atomic Swaps technology, stating;

“So far, all teams that have tested Atomic Swap based transactions had conducted them in the incubator ideal conditions and hadn’t gone beyond the test-nets. Thus, one of the major problems with cross-chain technology implementation remains a lack of full security guarantees. Every blockchain that could support Atomic Swaps, more or less, but is at risk. I think today’s main global developer’s goal is to minimize dangers rather than simply launch cross-chain trading in the blockchain. I can tell that we’ve already created a solution that would significantly narrow the risk window. It will be implemented in exchanger and will allow creating a fixed safe zone for users.”

MNX recorded its own successful Atomic tests last month and the team has now moved on to its mission of  presenting the first ever cross-chain exchange between MNX and BTC to the community. When achieved, the protocol will be published on the MNX GitHub for the community to see.

Roman has stated that the company will introduce the fully working protocol soon, giving the cryptocurrency community the chance to test Atomic Swaps with their own assets.

The first pair will be MNX and BTC, with other pairings with Litecoin and Zcash planned to be just around the corner. Minexcoin Atomic Swaps offer a self GUI, that will make the process far easier to the current, and more complex console solutions used for Atomic Swaps programming.

This system will hugely benefit all the users who are less familiar with programing in general. Such benefits include:

  • Two users agree to exchange some coins.
  • Each of them opens our GUI and fill several cells – the user’s address, the number of coins to send and the number of coins to receive.
  • When all cells filled, the user pushes “start” button, and MNX protocol makes all the rest.
  • If for some reason, there was no exchange, coins will be returned to users.

Non-Decentralised future

Initially the MNX Atomic Swaps will be a free exchange service, while the team analyze the industry demand, user cases behavior, and need for modification.The MNX team is committed to developing a fully decentralized exchange, but there are also some future challenges.

The existing protocol that enables Atomic Swaps, allows to facilitate exchange processes and removes the fees for exchange. The main two issues that the new system faces in regards to a full blown decentralized exchange are Atomic Protocol and Atomic-Hype.

The trading exchange algorithms will require a more advanced Atomic Protocol, the development of which will be secured after the implementation and finalization of the light-exchanger.

The second hurdle is Atomic-Hype. In pursuit of Instant, success some companies are guilty of a definition switching. What is commonly termed a “decentralized exchange” due to Atomic Swaps is, in fact, a “centralized trustless solution”, free of third parties.

This is precisely the kind of product MNX are developing at this time. While the team strive for full decentralization they realize that that is still some time away, and so they have invited he crypto-community to test the First Trustless Exchange as soon as possible.

The cryptocurrency community is still in its infancy and as a result there are many huge steps, changes and shifts yet to come. Right now a solution to many of the significant challenges related to cross-chain transactions, and the MNX team stand at the forefront of this mission.

So what are Atomic Swaps?

Atomic Swaps, or atomic cross-chain trading, is the exchange of one cryptocurrency to another without the need to trust a third-party. In simple terms, this technology enables to connect different blockchains and completely modifies the way in which users transact with each other. For example, if anyone owns 0.5 BTC and wants to buy 250 MNX, with Atomic Swap technology they don’t have to go on the exchange and trade their assets. Instead, the holder has just to find the other person with Minexcoin and change their holdings without commissions, withdrawals, and other restrictions.

For more Information, visit the Minexcoin website at – https://minexcoin.com
Follow Minexcoin on Twitter – https://twitter.com/minexcoin
Connect on Telegram – https://t.me/minexcoin
Minexcoin on Medium – https://medium.com/minecoin-blog
Thread on BitcoinTalk – https://bitcointalk.org/index.php?topic=1847292.0
Check out Minexcoin on Github – https://github.com/minexcoin/minexcoin
Find Minexcoin on Facebook – https://www.facebook.com/minexcoin

Media Contact

Contact Name: Alexey Marinich
Email: amarinich@minexsystems.com
Location: Kyiv, Ukraine

YouTube: https://www.youtube.com/channel/UC0W1HCOVEOyCse6yQbRDfxg

Hada MinexCoin is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

About Bitcoin PR Buzz

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and blockchain tech start-ups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR Buzz.

The post Payment Systems Minexcoin Announces Future in Atomic Swaps appeared first on Bitcoin PR Buzz.

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Upgraded Minexcoin Roadmap: Debit Cards, Atomic Swaps, Green Algo and other 2018 goals

Bitcoin Press Release: MinexSystems has proudly updated its 2018 roadmap. The blockchain solutions company has numerous offerings listed for this year, including debit cards, Atromic Swaps, Green Algo and many more.

16 February 2018, Kyiv, Ukraine – On February 05 2018, MinexSystems, a blockchain solutions company for such products like Minexcoin and MinexBank, officially released their updated 2018 roadmap. While both traditional and crypto-markets are having not the most comfortable times, it seems that Minexcoin team has developed a firm plan how to pass through them benefiting crypto-community. The roadmap extends until the fourth quarter of 2018, designated to enlarge a holistic ecosystem for MNX.

The company believes that 2018 will become a year when decentralized payment methods will receive great support among not only crypto-enthusiast but an ordinary people too. In this publication, we take a look at the milestones in the roadmap and how they will help Minexcoin moving forward. A roadmap release starts by mentioning the progress of existing solutions – Minexcoin, Minexbank, and MinexWallet.

The team says that MNX has a lot of developmental pathways. In 2018 developers will focus on several directions at once, which will allow to strengthen, take the niche of the system, and move closer to the top-ranked payment system in the world. As for MinexBank, it is already in the homestretch of autonomous volatility smoothing algorithm final testing. Since the end of last year, the bank’s system was utterly re-architect and qualitatively improved. Now MinexBank waits for some cosmetic and usability improvements. Also by the end of the first quarter, the team is planning to please the community with the iOS version for mobile banking. After the app’s launch, it expected to release a new version of hard-wallet. You’ll find an improved interface, entirely new design, and quality UX in it says in Roadmap

First big releases scheduled in the first quarter will be MNX Atomic Swaps and an alpha version of the decentralized exchange. Minexcoin will become one of the few coins which blockchain enables direct peer-to-peer exchange transaction across separate chains. Right after the presentation of working code team plans to contribute an interest-free exchanger for MNX/BTC and MNX/LTC pairs to the community.

After the final alpha version debugging, a decentralized exchange will be officially released. Thanks to Atomic Swaps, it will provide a high level of security with as low commissions for traders as it possible at the same time.

The second quarter also will begin with two exciting releases. First is the Web&Mobile wallets that allow using MNX without the need to download blockchain, install software, etc. Second is a Debit Cards Launch which will enable to pay in MNX around the world. In short, the system will be able to convert your virtual currency into fiat so that all markets will be open for you. Even those where this kind of payments is not provided.

As soon as MNX received new payment possibilities, there will be released three different products to enhance Minexcoin usability as a payment service. MinexMerchant will allow adding MNX as a payment tool to any business. With  MinexMarket users will be able to sell – virtual or real – goods and services. And MinexPlatform will become an ultimate tool for creating any kinds of digital values. The platform will work in two versions – standard and enterprise-expansion for business. It’ll be a set of blockchain-based solutions combined into one family like any office or design application suites. Without the need to study the code you’ll be able to create decentralized registries, issue your tokens, or create smart contracts for different business needs.

For the fourth quarter company announces the preparing of foundations for developing Green Algo and own Decentralized Computer. Upgraded algorithm for MNX blockchain will make possible to spend mining capacities not only on calculations for the sake of calculations, but to guide it for the benefit of society (for science or health-care needs, for example). The Decentralized Computer will become a virtual Turing environment for performing smart-contracts in the Minexcoin network and will open to the company a whole range of new opportunities for 2019.

CEO and founder of MinexSystems, Boris Shulyaev, had these words to say about the project –

Those who closely follow our project may have noticed that updated roadmap is slightly different from our last year’s plans. Often new ideas appear during work processes of work: we understand that some technologies become outdated, while others, on the contrary, become relevant for MinexSystems development. This roadmap covers precisely that timeline which we can plan. As for 2019 goals, it’s too early to talk about them; however, our team already has some ideas for the next year.”

Along with general insights, updated roadmap makes clear that 2018 will be a revealing year for Minexcoin. Once the products mentioned above are launched in the way they are planned to be it is highly expected that we would see a new Name joining the short-list of the biggest crypto-players. Let’s see how they would handle it.

For more Information, visit the Minexcoin website at – https://minexcoin.com
Connect on Telegram – https://t.me/minexcoin
Minexcoin on Medium – https://medium.com/minecoin-blog
Thread on BitcoinTalk – https://bitcointalk.org/index.php?topic=1847292.0
Check out Minexcoin on Github – https://github.com/minexcoin/minexcoin

Media Contact

Contact Name: Alexey Marinich
Email: amarinich@minexsystems.com
Location: Kyiv, Ukraine

MinexSystems is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest

About Bitcoin PR Buzz

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 5 years. Get your own professional Bitcoin Press Release. Click here for more information about Bitcoin PR

The post Upgraded Minexcoin Roadmap: Debit Cards, Atomic Swaps, Green Algo and other 2018 goals appeared first on Bitcoin PR Buzz.

Source: BPRB Feed