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        <title><![CDATA[Stories by Fiye Bankole on Medium]]></title>
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            <title>Stories by Fiye Bankole on Medium</title>
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            <title><![CDATA[WHY I LOVE CRYPTOCURVE]]></title>
            <link>https://medium.com/@fybankole72/why-i-love-cryptocurve-c5e53c25eb52?source=rss-5463f7031032------2</link>
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            <category><![CDATA[bitcoin]]></category>
            <dc:creator><![CDATA[Fiye Bankole]]></dc:creator>
            <pubDate>Tue, 06 Nov 2018 23:02:09 GMT</pubDate>
            <atom:updated>2018-11-06T23:02:09.247Z</atom:updated>
            <content:encoded><![CDATA[<p>WHY I LOVE CRYPTOCURVE</p><p>CryptoCurve accelerates the positive global impact of blockchain technology through an ecosystem of user-experience-driven products and programs that help individual investors, software developers, and corporate entrepreneurs achieve their goals with blockchain technology. CryptoCurve will be the world’s blockchain front-end solutions leader and a preeminent global thought leader in the blockchain industry.<br>STAKING<br>staking” refers to mechanisms that reward users for holding a large amount of a token or coin (“having a stake” in it). Staking has been employed in several ways by blockchain technologies, most notably as the key component of proof-of-stake consensus mechanisms<br>In the Curve Wallet staking serves as the basis for an incentive system that provides several unique benefits for users of the CryptoCurve ecosystem.<br>Staking rewards will be tier-based: top 20% of CURV holders will receive 40% of total airdrops; mid 40% of CURV holders will receive 40% of total airdrops; bottom 40% of CURV holders will receive 20% of total airdrops.<br>TOKEN UTILITY<br>Utility of the CURV token is centered around transactions on the Curve Wallet (e.g., use CURV token for discounted exchange fees). One of the longer-term challenges for holders of transaction-based utility tokens is that, while adoption of a token’s application may increase use and trade volume, increasing trade volume does not necessarily lead to an increase the token price, even with a fixed supply of token.</p><p>CryptoCurve | Security Features</p><p>Security is essential to the success of a cryptocurrency wallet, so it has been a primary focus of the Curve Wallet from the beginning. We discuss a lot of detailed aspects of wallet security in the whitepaper, but want to use this post to highlight five of the most critical security features of the Curve Wallet.</p><p>Option 1: You’re in Charge!</p><p>If you want to be solely responsible for managing your wallet keys, you can store your keystore files on your own device (this is the same functionality available to users on the MyCryptoCurve Wallet). This will provide some users with peace of mind that they are solely responsible for the keys, but it means that CryptoCurve will not be able to help you if you lose access to your private key.</p><p>Option 2: Use our secure keystore vault<br>If you opt to manage access to your account through the application, our keystore vault encrypts, shards, and replicates keys across multiple distributed keystore instances. Using this storage option provides restoration options if users misplace their private keys and lose access to their account.</p><p>Multi-Sig Capability</p><p>Standard wallets require only a single user to confirm a transaction before it is sent to the blockchain. This works fine if you are the only person managing the funds, but in the context of joint management of funds (in a business or household) it can be beneficial to require multiple parties to sign off on a transaction.</p><p>MULTIFACTOR FACTOR AUTHENTICATION<br>Multi-factor authentication is rapidly becoming the norm when it comes to securing accounts that contain sensitive data, such as payment information. Logging into these accounts often requires authenticating the log-in with a 3rd party authentication app, an email confirmation, or a text message.</p><p>MFA will allow for additional layers of security for log in and also for actions with the wallet. With the release of our mobile app, we will require one time password (OTP) and in-app validation of transfers: OTP will push an authorization request to the user. If the user approves, the transfer will go through.</p><p>With the potentials,rewards and security features,it is the best out of all currency.</p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=c5e53c25eb52" width="1" height="1" alt="">]]></content:encoded>
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            <title><![CDATA[CRYPTO CURVE]]></title>
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            <category><![CDATA[bitcoin]]></category>
            <category><![CDATA[bankole-fiye]]></category>
            <dc:creator><![CDATA[Fiye Bankole]]></dc:creator>
            <pubDate>Sat, 03 Nov 2018 17:49:47 GMT</pubDate>
            <atom:updated>2018-11-03T17:49:47.467Z</atom:updated>
            <content:encoded><![CDATA[<p>CRYPTO CURVE</p><p>CryptoCurve accelerates the positive global impact of blockchain technology through an ecosystem of user-experience-driven products and programs that help individual investors, software developers, and corporate entrepreneurs achieve their goals with blockchain technology. CryptoCurve will be the world’s blockchain front-end solutions leader and a preeminent global thought leader in the blockchain industry.<br>STAKING<br>staking” refers to mechanisms that reward users for holding a large amount of a token or coin (“having a stake” in it). Staking has been employed in several ways by blockchain technologies, most notably as the key component of proof-of-stake consensus mechanisms<br>In the Curve Wallet staking serves as the basis for an incentive system that provides several unique benefits for users of the CryptoCurve ecosystem.<br>Staking rewards will be tier-based: top 20% of CURV holders will receive 40% of total airdrops; mid 40% of CURV holders will receive 40% of total airdrops; bottom 40% of CURV holders will receive 20% of total airdrops.<br>TOKEN UTILITY<br>Utility of the CURV token is centered around transactions on the Curve Wallet (e.g., use CURV token for discounted exchange fees). One of the longer-term challenges for holders of transaction-based utility tokens is that, while adoption of a token’s application may increase use and trade volume, increasing trade volume does not necessarily lead to an increase the token price, even with a fixed supply of token.</p><p>CryptoCurve | Security Features</p><p>Security is essential to the success of a cryptocurrency wallet, so it has been a primary focus of the Curve Wallet from the beginning. We discuss a lot of detailed aspects of wallet security in the whitepaper, but want to use this post to highlight five of the most critical security features of the Curve Wallet.</p><p>Option 1: You’re in Charge!</p><p>If you want to be solely responsible for managing your wallet keys, you can store your keystore files on your own device (this is the same functionality available to users on the MyCryptoCurve Wallet). This will provide some users with peace of mind that they are solely responsible for the keys, but it means that CryptoCurve will not be able to help you if you lose access to your private key.</p><p>Option 2: Use our secure keystore vault<br>If you opt to manage access to your account through the application, our keystore vault encrypts, shards, and replicates keys across multiple distributed keystore instances. Using this storage option provides restoration options if users misplace their private keys and lose access to their account.</p><p>Multi-Sig Capability</p><p>Standard wallets require only a single user to confirm a transaction before it is sent to the blockchain. This works fine if you are the only person managing the funds, but in the context of joint management of funds (in a business or household) it can be beneficial to require multiple parties to sign off on a transaction.<br>MULTIFACTOR FACTOR AUTHENTICATION<br>Multi-factor authentication is rapidly becoming the norm when it comes to securing accounts that contain sensitive data, such as payment information. Logging into these accounts often requires authenticating the log-in with a 3rd party authentication app, an email confirmation, or a text message.</p><p>MFA will allow for additional layers of security for log in and also for actions with the wallet. With the release of our mobile app, we will require one time password (OTP) and in-app validation of transfers: OTP will push an authorization request to the user. If the user approves, the transfer will go through.</p><img src="https://medium.com/_/stat?event=post.clientViewed&referrerSource=full_rss&postId=90c4ccf9d1f2" width="1" height="1" alt="">]]></content:encoded>
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