THE BITCOINS WIZ: February 2018

The digital currency exchange Bitstamp has chosen Onfido’s identity verification engine to onboard new customers. Onfido provides a full-stack identity verification platform, which will assist Bitstamp in processing its large amount of new customer signup requests.

In December, due to the massive surge in demand for cryptocurrencies, many exchanges were forced to close their doors to new customers. This is reflective of a larger issue within the crypto ecosystem, that of scalability. The existing infrastructure did not have the capacity to handle all of the new traffic, which resulted in many would-be customers being unable to open trading accounts on various platforms, and caused long delays in transaction speed on the Bitcoin and Ethereum networks.

According to a recent press release, Bitstamp has been receiving more than 100,000 new account requests daily since December. At the moment, Bitstamp is the EU’s largest exchange by volume, and has over three million customers. To their credit, Bitstamp never shut down new customer registrations, even though trading volume on the change increased by over 1,000 percent in 2017. In addition, Bitstamp has responded to the surge in demand for new accounts by quadrupling its staff size.

Nejc Kodrič, the CEO of Bitstamp, explained in a press release,

“Onfido’s powerful machine-learning technology has allowed us to automate our new customer identity verification process, and still maintain our high standards when it comes to KYC [Know Your Customer]. We’re already seeing positive results when it comes to speeding up our verification process.”

As demand for cryptocurrencies has increased, so have the calls for regulations. The United States and Japan have both stipulated that digital currency exchanges must comply with Anti-Money Laundering (AML) laws by implementing Know Your Customer (KYC) protocols. In addition, the United Kingdom and South Korea are working on putting laws in place to regulate Initial Coin Offerings (ICOs).

All of this is good news for KYC platform providers, such as Onfido. Husayn Kassai, the CEO of Onfido, explained

“We are quickly becoming the go-to provider for KYC in this space, and are helping make it more secure. We now work with 15 cryptocurrency companies, allowing them to scale customer onboarding smoothly, and be more vigilant as the digital currency industry faces more scrutiny and regulation.”

While some privacy enthusiasts are not happy about the increase in government scrutiny of cryptocurrencies, the increased attention from regulatory bodies and the demands for KYC protocol implementation on exchanges are clear indicators that digital currencies are gaining legitimacy in the public eye. This perception of legitimacy is crucial in the endeavor to bring cryptocurrencies and mainstream finance together. Ultimately, bringing KYC to crypto will help dispel the erroneous notion that virtual currencies only hold appeal for criminals, and will instill confidence in investors who had previously been wary of getting into the digital currency economy.

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You only have 10 hours remaining before the initial coin offering will draw to a close.

We are overwhelmed with the demand that we have received and can now announce that 20,000+ participants worldwide have already joined the ICO. We are ecstatic to know that so many of you believe in our team and vision. This is just the beginning of how we will revolutionize Blockchain forever, together!

Several weeks ago we made a huge announcement about how LydianCoin is building the “Whisper Network Protocol” which will position us as the strongest contender amongst all recent ICO’s. Unlike most ICOs that operate as pump and dump schemes, lack a product, a strong team, or have a track record of building viable businesses, LydianCoin has already created over $1 billion in shareholder value, has an influential group of advisors and team members, is heavily invested for the long term and is building disruptive technologies that will reshape the face of digital advertising and DLTs.

After the ICO, Lydian will continue to Build, Deliver and Execute allowing it to dominate the market for the years to come.
If you haven’t already joined our ICO, please do so within the next 10 hours. We aim to take to lead by example!

Why LydianCoin?

LydianCoin (LDN) is a utility-token that permits the purchasing of digital marketing services for blockchain brands requiring crypto-audience targeting using artificial intelligence.

Last week Facebook announced that it has banned all advertising for binary options, cryptocurrencies, and initial coin offerings (ICOs). A Canadian regulator has called on Google to do the same. If Facebook and Google won’t allow blockchain brands to advertise, where will this money go?
The Company is also building its own blockless DLT (distributed ledger technology), called The Whisper Network with two decentralized applications, MonaChain and MonaBrowse. MonaChain will combat ad fraud, while MonaBrowse will prevent the growth of 700 million devices that use adblockers.
The Whisper Network will become the fastest blockless Distributed Ledger Technology (DLT) and offer an innovative solution to help solve the scalability problems well known to current blockchain ecosystem.
A combination of artificial intelligence along with a blockless Direct Acyclic Graph (DAG) will revolutionize DLT in the years to come as more people move towards cryptocurrencies and other groundbreaking and pioneering DLT-related technologies.
More specifically, The Whisper Network will utilize this original DAG technology to provide an advanced platform to help clients target their digital advertisements for a wide variety of businesses and industries. While most distributed ledger technologies are solely devoted to a specific vertical, this network aims to attract a wide variety of different market sectors and will eventually allow third parties to create their own decentralized applications.
The Two DApps, MonaChain and MonaBrowse, will combat what is costing the digital advertising industry over $60 billion a year in losses. Just solving these two issues by using a scalable DLT technology could help propel a $230 billion industry forward.
For the technically savvy, the Direct Acyclic Graph (DAG) technology links recently completed transactions in order to verify new and incoming transactions. This essentially removes the dependence on the mining community, thus permitting smoother and quicker transaction times. In the spirit of true democracy, each participating device participates similarly in the verification of different transactions, which thus substantially lowers transaction payments and allowing even the smallest of payments to be efficiently accomplished. And, we have over 500 businesses already signed on for our waiting list!

While the DAG technology is just beginning, LydianCoin and The Whisper Network are continually expanding their roadmap to fast-track the development of the quickest and one of the truly functional acyclic DLTs in the world, enabling the real-use case for DApps.

The current ICO for LydianCoin is exceeding all expectations making this the largest ICO token sale in the category of blockchain marketing. In the past few weeks, the Company has attracted name-brand accredited investors and advisors to its board. There is still time to participate and join in with the over 20,000 participants and over 100,000 users that have registered in the system since the beginning of the token sale.

The LydianCoin ICO will be ending in approximately 24 hours on February 14, 2018. The publicized crowd sale price is $0.50 with a minimum purchase of $35 dollars.

However, last-minute participants in this ICO can participate in an exclusive offer if purchasing with Bitcoin or Ethereum. Participants depositing 1 BTC or 10 ETH will get a 50% discount (be sure to use the promo code WNP50 at checkout). You can also benefit from an additional 25% discount for every new deposit (promo code WNP25 at checkout).

To participate in this game-changing ICO that has the opportunity to revolutionize the way distributed ledger technology and blockchain works, follow a simple four-step purchase Process:

Log in to your account at https://tokensale.lydian.io/
Go to Step 1 and select the number of Lydian tokens that you wish to purchase.
Follow through to Step 2 where you can deposit your funds using BTC, BCH, ETH, LTC, DASH, DOGE, ETC, LSK, NEO, QTUM, USDT, WAVES, XEM, XMR, ZEC, XRP, PIVX, SBD, STEEM, XVG, BCN or USD Wire. Please note that deposit of funds is not a purchase of Lydian tokens.
Complete your purchase in Step 3 where you can select the number of Lydian tokens that you want to purchase with the deposited funds. Use a promo code if you have one now. Click ‘Buy Now’.

Join us and help reshape the blockchain evolution.

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