Bitcoin (the first cryptocurrency) is a digital currency with a set of peer-to-peer protocols that allow the creation, storage and transmission of monetary value online. The Bitcoin network and transactions are secured on the chain of blocks called Blockchain which ensure that every transaction is validated and distributed to all nodes (the computers) connected on the network. This makes the Blockchain immutable because it requires producing more than 51% of all the computing power of all the nodes to be able to manipulate or tamper with it. This is known to be impossible because Bitcoin is owned by a vast number of people all over the world who are not limited or subjected to any form of scrutiny prior to joining the network and public owners are allowed to stay anonymous.
This technical idea of Bitcoin which was made possible through the Blockchain is seen to have a broad range of use cases and possess a revolutionary power. Also the broad nature of Blockchain has made it possible for it to be integrated into projects and companies of several industries to serve different purposes. For this reason the crypto-sphere keeps expanding with a huge influx of alternate cryptocurrencies known as Altcoins. But the question that is asked for every new crypto ‘what can make it prevail among so many competitors in the same spectrum?’ With regard to this question, the subsequent paragraphs of this article will discuss and analyze the prospects of ZEEPIN.
INTRODUCTION TO ZEEPIN AND THE ZEEPIN CHAIN
#ZEEPIN is simply defined as the distributed creative new economy integrated on the Zeepin chain. Zeepin Chain is the transformative public Blockchain based ecosystem of diverse innovation, transaction and investment capacities developed for the global cultural, entertainment and creative industry. Zeepin is geared to empowering creators and innovators to develop their talents and skills, position them congruously to be the sole owners of their work and acquire the actual and potential benefits of their products and services. Zeepin is set for everyone including individual, small scale, cultural as well as industrial creators.
Zeepin chain is set to launch its own mainnet on August 31, 2018. Launching of a mainnet is an important phase of every project or company in the crypto sphere as it marks the transformation of the project into the crypto mainstream. As part of the launch the originally NEP5 token known as the ZPT will be swabbed to a ZPT Coin integrated on the Zeepin Chain. ZPT is available for purchase on Kucoin, LBank, Gate.io and HitBTC exchanges.
WHY BLOCKCHAIN
Zeepin have created DApps which serves to ensure the full realization of its core protocol to the creators or entertainer within its ecosystem. Zeepin will initially focus on validating and protecting these ideas with copyright registration (ZeeRights), asset insurance (ZeeSure), and copyright verification (ZeeProof).
In a scenario determining how Zeepin chain will be of use to a 23 year old Buddy (pseudonym) as a cultural fashion designer.
-In the first place Buddy can assess the Zeepin digital platform. Zeepin will serve Buddy by providing a copyright validation and authentication of Buddy fashion products with the use of the distributed ID identification. Buddy’s products can then be recognized as digital assets and copyright certified.
-With the help of the blockchain, there will be distribution and storage of all forms of data and transactions information of Buddy’s assets to all the nodes of the Zeepin Chain.
-With the Zeepin Coin and smart contract, Buddy can receive rewards and payments for services provided to consumers.
-Zeepin will exhibit Buddy’s assets and talents globally on its platform. This places Buddy in a better position to create and expand his market globally with minimal efforts, cost and manpower as well as acquiring global recognition through crowdsourcing.
-Zeepin chain also transpire cross-border investments and financing for investors and creators respectively.
-Interestingly, Zeepin also enables the formation of a team of creators; such that Buddy can connect with other creators to form and work on several projects. With such situations the smart contract will ensure that the team members are according to the role played.
ZEEPIN SPECAILIZED DATA STORAGE – THE GALACLOUD
It has been said that the world is moving into the era of data revolution. It has been projected that this era will encompass the rise of the ‘data economy’. Also the digital revolution and the internet have placed much relevance on data and its security. This means that data protection is of much significance now more than ever. Therefore it has become very necessary to protect your personal data from breach, loss, theft and fraud.
The aforementioned features of Blockchain revealed its high security. On this account, Zeepin is set to use its Blockchain to solve the problem with the release of the GalaCloud. The GalaCloud will also support the huge data demand of the Zeepin ecosystem. GalaCloud is decentralized data storage cloud which allows the upload of data or files. The stored data is encrypted, split into multiple shards and distributed on an autonomous network of nodes of the Zeepin Chain. Zeepin allows users all over the world to rent out their hard disk and a single hard disk represent a node on the network. Zeepin has designed its own distributed data storage miner known as the GalaBox.
The integration of GalaCloud to the Zeepin network presents an interesting investments opportunity to earn GALA Tokens at convenience. Such that users who host a node in the the GalaCloud are compensated with GALA from payments by clients who store data. However, buying a storage space on the GalaCloud is relatively cheaper than traditional or centralized cloud storages. One other interesting fact about GalaCloud is that it was created by BrandSky, a brilliant team from the Zeepin community.
GALABOX SPECIAL GIVEAWAYS
Zeepin is giving away 10.000 GALABoxes during the month of August, 2018 to commemorate the launch of the Zeepin Mainnet. This is a wonderful opportunity to obtain a free GalaBox by meeting a simple requirement which involves locking up ZPT for the next 18 months. Below are the schedules for the distribution of the GalaBox together with the requirement to qualify for the giveaways:
- Phase 1: Aug 8th — 9thth. Price: 4999 ZPTs locked in storage for 18 months - finished
- Phase 2: Aug 16th — 20th. Price: 5250 ZPTs locked in storage for 18 months.
- Phase 3: Aug 21st-25th Price: 5500 ZPTs locked in storage for 18 months.
This is a great opportunity to join the investors’ crew as well as users in need of storage spaces to acquire a GalaBox. Visit our Website at GalaCloud.io to register for a free GalaBox.
CRYPTOGALAXY
As part of the exciting experiences with DApps provided to the Zeepin community, CryptoGalaxy is a gaming DApp with an exciting experiences and investment opportunity running on Zeepin. It is the first ever virtual universe that is empowered by Blockchain. Players’ area allowed owning and/or playing on countless of planets. Users can own a planet they discovered by paying ZPT to the Galaxy address. After this a planet will be created for you with your name of choice and you will be the host of the planet. Hosting a planet attracts rewards of ZPT from planet energy. The same way one can own a galaxy. One thing to note planets and galaxy owned can later be traded on the Galaxy store and one can acquire an increase in value. Zeepin seeks to add more features to CryptoGalaxy at subsequent stages of its development.
CryptoGalaxy can be downloaded here.
STAY CONNECTED WITH ZEEPIN BY FOLLOWING THE LINKS LISTED BELOW:
GalaCloud: https://galacloud.io
Zeepin: https://www.zeepin.io
CryptoGalaxy tutorial: https://medium.com/@zeepin/cryptogalaxy-tutorial-guide-for-beginners-a84f72283b3
Telegram: https://t.me/zeepin
Twitter: https://twitter.com/ZeepinChain
Disclaimer: Part of the article group.