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proximus Ico Review

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Why proximus is so important Who benefits the most from terrorist chaos? Who else but bureaucracy, bursting with various services and safeguards, depriving civil rights and human dignity. And all this -for the money of these citizens, ripped in broad daylight, in white collars. Probably many of us whose bank account has exceeded a certain amount are suddenly harassed by telephones from various investment funds urging us to invest our funds. Business registers’ mailboxes suddenly fill up with spam and phishing attempts. We got a worse insurance offer because theinsurance company checked in a social network that we lead, for example, a dangerous lifestyle. By paying with a payment card in the store, data about our activity is collected, which is then profiled and goes to companies and corporations. User profilingis a billion dollar business. These data can often be directed against us or used e.g. for our harassment by telemerketers. They also pose a danger to us.

The issue of privacy in digital space is currently a widely discussed topic.Questions asked to technology companies are often met with the loud assurance that all data shared is anonymous and confidential information is immediately removed from the system nothing could be more wrong.In fact, the situation is completely different. that’s why the Proximus  cryptocurrency was created, through to which you can know that you are anonymous

Your payments are not identifiable because the technology uses a ring signature in which we have a group of people each with their own secret and public key. Typical cryptocurrencies do not have this feature, so their payments can be easily traced, did you know that?Much work has been devoted to Bitcoin block chain analysis.Their authors track the flow of money, identify the owners of coins, determine the balance of the wallet and so on. In our case, this is impossible because our code is not explicit.

Essential Information

Ico Time
Token Name proximus
Token Symbol PXS
Whitepaper View Whitepaper
Website Link https://www.proximuspxs.com
Price
1.5 EUR
acceptable
BTC, ETH, USD, EUR
Soft cap 8,000 EUR
Hard cap 20,000 EUR
Whitelist/KYC KYC
Country Marshall Islands
Restricted areas
Iran, North Korea

More About proximus:

Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model. Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes. The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for smal casual transactions, and there is a broader cost in the loss of ability to make non-reversible payments for nonreversible services. With the possibility of reversal, the need for trust spreads. Merchants must be wary of their customers, hassling them for more information than they would otherwise need. A certain percentage of fraud is accepted as unavoidable. These costs and payment uncertainties can be avoided in person by using physical currency, but no mechanism exists to make payments over a communications channel without a trusted party. What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any
two willing parties to transact directly with each other without the need for a trusted third party. Transactions that are computationally impractical to reverse would protect sellers from fraud, and routine escrow mechanisms could easily be implemented to protect buyers. In this paper, we propose a solution to the double-spending problem using a peer-to-peer distributed timestamp server to generate computational proof of the chronological order of transactions. The system is secure as long as honest nodes collectively control more CPU power than any cooperating group of attacker nodes.
“Bitcoin” has been a successful implementation of the concept of p2p electronic cash. Both professionals and the general public have come to appreciate the convenient combination of public transactions and proof-of-work as a trust model. Today, the user base of electronic cash is growing at a steady pace; customers are attracted to low fees and the anonymity provided by electronic cash and merchants value its predicted and decentralized emission. Bitcoin has effectively proved that electronic cash can be as simple as paper money and as convenient as credit cards.

Unfortunately, Bitcoin suffers from several deficiencies. For example, the system’s distributed nature is inflexible, preventing the implementation of new features until almost all of the network users update their
clients. Some critical flaws that cannot be fixed rapidly deter Bitcoin’s widespread propagation. In such
inflexible models, it is more efficient to roll-out a new project rather than perpetually fix the original project. In this paper, we study and propose solutions to the main deficiencies of Bitcoin. We believe that a system
taking into account the solutions we propose will lead to a healthy competition among
different electronic cash systems. We also propose our own electronic cash, “CryptoNote v 2.0”, a name emphasizing the next breakthrough in electronic cash.

Irregular emission
Bitcoin has a predetermined emission rate: each solved block produces a fixed amount of
coins.
Approximately every four years this reward is halved. The original intention was to create a limited smooth emission with exponential decay, but in fact we have a piecewise linear emission function whose breakpoints may cause problems to the Bitcoin infrastructure.
When the breakpoint occurs, miners start to receive only half of the value of their previous reward. The absolute difference between 12.5 and 6.25 BTC (projected for the year 2020) may seem tolerable. However, when examining the 50 to 25 BTC drop that took place on November 28 2012, felt inappropriate for a significant number of members of the mining community. Figure 1 shows a dramatic decrease in the network’s hashrate in the end of November, exactly when the halving took place. This event could have been the perfect moment for the malevolent individual described in the proof-of-work function section to carry-out a double spending attack.

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