Tag: spyware

DAppstore Creator Decenternet’s Spyce Token to be Listed on BW Exchange November 22nd

Decenternet, the creator of the dAppstore, has announced the launch of its token called “Spyce.” Spyce is scheduled for listing on the BW exchange beginning November 22nd, 2019.

Here we’ll give you a quick overview of Decenternet, the dAppstore, the Osiris browser, and the Spyce token. Spyce is likely to be an excellent crypto investment, as it amounts to placing a call option on the coming decentralized internet.

Decenternet – Web 3.0

The goal of Decenternet is to create a decentralized internet.

To this end, several working products are already in place, including a new web browser designed for the new internet, a decentralized application store, and a wallet with an accompanying token. All three have been integrated into a single platform.

Osiris Browser

A decentralized internet needs a browser unlike any other.

The Web 3.0 Osiris browser is the first-ever net-neutral browser that allows users to participate in the decentralized internet and all it has to offer. Osiris protects your private data, blocks ads, prevents censorship and works at least three times faster than the average browser.

Future upgrades to the Osiris browser include things like borderless payments, paying users through the open-source Liberty Ads Network, VPN-like features without the VPN, and more.

Photo by Glenn Carstens-Peters on Unsplash

Perhaps the most magnificent accomplishment of the Osiris browser is its integration with a marketplace for decentralized applications (dApps), also known as the dAppstore.

DAppstore

One of the primary problems keeping crypto from achieving mainstream adoption is usability. Most interfaces for interacting with cryptocurrency and related technologies are not user-friendly for the average person.

Most people don’t know how to cope with a browser extension like MetaMask or an address that looks like this:

3PCZDDNyAAd7tMQf8JeGZXbb2pD57kUzbf

For decentralized applications, the dAppstore solves this problem. Rather than configuring and engaging some strange and unfamiliar program, users can engage the dAppstore directly from within the Osiris browser. There’s no need to deal with multiple plug-ins or wallets – everything can be taken care of from within the browser. All users need to do is first sign up for the dAppstore and create a web-based wallet.

Decenternet believes this will be a major catalyst for helping dApps go mainstream. Of course, accompanying this adoption will be the Spyce token and the Spyce wallet.

Spyce Wallet

The Spyce wallet is the wallet that users need to participate in the dAppstore.

The Spyce wallet is also integrated into the Osiris browser. The wallet is web-based and will be linked to popular tokens like EOS, ERC, TRON and more.

Photo by Eftakher Alam on Unsplash

DApp games like Crypto Kitties, Bit Empire, Crypto Space Commander, Zombie Battle Ground and more have already garnered huge interest and seen large amounts of cryptocurrency change hands. This is only the beginning.

DApp’s can be used to create all kinds of new and revolutionary platforms. Just a few include things like decentralized exchanges, prediction markets, and decentralized art marketplace that put artists in charge of selling their work and make forgeries impossible.

The dAppstore will generate demand for Spyce

All things considered, Spyce has a bright future. The age of decentralization is upon us and it requires a new conceptualization of the internet itself – in a word, Decenternet.

Photo by Umberto on Unsplash

The decentralized internet will spawn its own economy, a freer and more equitable one for all. Central to the economics of this non-centralized world wide web will be the Spyce token, which users will need to use to participate.

There are billions of internet users, and most of them won’t object to a faster and freer experience that lets them use decentralized applications with ease. This might even bring new users online who never would have been able to participate before. The demand for Spyce will be strong as a result.

Starting November 22nd, Spyce will be available for trading on the BW exchange.

Don’t miss the opportunity to be an early adopter of the decentralized web!

*Legal Disclaimer*: I am not a financial advisor and this article shall not be taken as financial advice. I do not have all relevant background details or facts relating to your specific financial situation, thus I am not in a position to give you financial advice. All investments involve risk of loss of capital. The content of this article is for informational purposes only and does not constitute a recommendation to buy, sell, or trade any token, coin, currency, security, or other financial assets. I do not hold any investments in Spyce or Decenternet. 

Images via Shutterstock

President Donald Trump Approves Oracle Deal, Ban Averted for TikTok but not WeChat

President Donald Trump approved the TikTok deal that Oracle and Chinese parent company ByteDance have been working on all week, steering the video-sharing platform clear from its scheduled app store ban set for September 20. 

The US Department of Commerce had announced that both WeChat and TikTok would be prohibited from operating in the US through an official country-wide app store ban, starting September 20. Though TikTok US operations appear to be saved for now, WeChat’s ban is still in effect and the messaging app is currently unavailable for download in the US.

Donald Trump approves Oracle-TikTok deal

The approval of TikTok by President Trump came at a campaign rally in Fayetteville, North Carolina. The new company that was birthed from the negotiations will be called TikTok Global and will be owned predominantly by American companies. Oracle is to take a 12.5% stake in TikTok Global, while Walmart will potentially own up to 7.5% of company shares.

On top of the fact that four of the five board chairmen will be American, TikTok Global has also agreed to invest $5 billion into creating a new educational fund, an agreement that Trump had said would satisfy his demands that the US government receive a payment from the Oracle-ByteDance deal. As shared by CNBC and Bloomberg, Trump said:

“We’re going to be setting up a very large fund for the education of American youth and that’ll be great. That’s the contribution I’ve been asking for.”

Oracle and Walmart to have stakes in TikTok

According to a source familiar with the talks, ByteDance is looking for a total of $60 billion for the video content app. For the deal to go through, Oracle and Walmart are to pay a combined $12 billion to acquire their shares in TikTok Global. Discussions for the asking price are still being worked out at the time of writing.

Although TikTok’s parent company ByteDance seemed extremely confident that Chinese regulators would pass the proposal and that it will still have the upper hand, with it retaining the majority of the app’s assets and having control over the algorithms, President Trump appeared to think otherwise. He said:

“It will have nothing to do with China, it’ll be totally secure, that’ll be part of the deal. All of the control is Walmart and Oracle, two great American companies.”

Speaking about the deal for TikTok, US Secretary of State Michael Pompeo said that the app’s China-based parent company ByteDance will have “no decision-making authority, no ability to peer into” the US company’s activities, and will just act as a “passive shareholder,” as shared by Bloomberg.

During his rally, President Trump spoke about the deal for Oracle to acquire US operations of TikTok and said: “I approve the deal in concept. If they get it done, that’s great. If they don’t, that’s OK too.” Adding on to the president’s public announcement, TikTok also released an official statement, stipulating Trump’s wishes:

“We are pleased that the proposal by TikTok, Oracle, and Walmart will resolve the security concerns of the US administration and settle questions around TikTok’s future in the US.”

The new company birthed from Oracle and ByteDance’s agreement will host an initial public offering in which future investors would be able to take up as much as a 20% stake in the company. Walmart, Oracle, and TikTok are still currently working on perfecting their partnership agreements.

What is Oracle’s role in TikTok Global?

Oracle’s role in TikTok Global will be to host all US data and to secure the computer systems. The data from TikTok will be run through Oracle’s cloud servers and this will enable security threats to be dealt with systematically, securing American users’ data and preventing foreign governments from spying on TikTok’s US operations. Speaking about the tech giant’s role in the TikTok deal, CEO of Oracle Safra Catz said:

“Oracle will quickly deploy, rapidly scale, and operate TikTok systems in the Oracle Cloud. We are a 100% confident in our ability to deliver a highly secure environment to TikTok and ensure data privacy to TikTok’s American users.”

Trump sees China as a threat to national security

Trump’s seal of approval for the Oracle-TikTok deal comes at a crucial time, with the presidential elections set for November 3 and the current president trailing behind his counter rival Joe Biden in votes. The President of the United States has used his stance regarding China as a winning point for his campaign.

Trump has alleged that China had been illicitly deploying spyware directed at the US, through applications such as Tiktok and WeChat. Over the weekend, the US Commerce of Department had decreed that as of September 20 for WeChat and November 12 for TikTok, the Chinese-based applications will be prohibited on American soil. “Any provision of content delivering network services enabling the functioning of the mobile application in the US is prohibited,” the statement read.

WeChat downloads prohibited starting Sunday

While TikTok’s ban seems to have been temporarily lifted with the Trump administration’s approval, WeChat’s prohibition appears to be ongoing. Accusations directed towards WeChat are similar to that of TikTok. The Chinese-based messaging and multi-purpose platform has been accused of collecting data form users that involve their network activity, location data, browsing history and more.

The US is not the only country that has moved to ban TikTok and WeChat operations. India has already banned both China-based social media applications, referencing that it poses national security concerns.

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