Hi Guys! It's your favorite crypto blogger with another round of juicy crypto gossip!
A hallmark of a successful cryptocurrency is the strength of its blockchain usecase. These days investors are getting smarter and are making intensive and thorough research before investing in any crypto platform. DYOR has never been more important in this day and age. In the process of research, I came across a blockchain platform that has an amazing usecase that I just had to talk about! The name of the platform is Impleum!
Impleum
Impleum is a powerful blockchain with immense scalable potential for developing DAPPS. Impleum has PoS and profitable masternodes. A large growing community (more 12,000 participants) and real projects launched on Impleum Blockchain distinguishes the Impleum blockchain from others.
What Are DAPPS?
A lot of us have been hearing about DAPPS, especially if you've been in the cryptosphere for a while; you would have come across one or two instances in which DAPPS have been mentioned. DAPPS is the short form for decentralized applications, and basically it refers to digital applications or programs that exist and run on a blockchain or P2P network of computers instead of a single computer, and are outside the purview and control of a single authority. It is essential that note and remember that what sets a regular application from a DAPP is the decentralized nature of the DAPP.
On the Impleum blockchain, DApps use the decentralised capabilities of blockchain technology and a layer of powerful service nodes to route information. The DAPP will be integrated on the blockchain through the deployment of the network node and setting up its connection with the DApp through a documented API.
The Impleum Blockchain
The Impleum Blockchain implements a Proofof Work and Proof of stake system for earning rewards. To fully understand how it works on Impleum, we have to understand what Proof of work, Proof of Stake and Masternode means:
POW - PROOF OF WORK
In a decentralised network such as those based on a blockchain, the difficulty is to find an agreement among members in the order of transactions which must be added. It is the whole question of the consensus of the network. Proof of work is one of the mechanisms that allows to reach this agreement while still securing the network. To achieve this, one must solve complex mathematical equations which requires a substantial amount of computing power, which in turn requires significant use of electricity.
As a reward for their services, Impleum miners can collect transaction fees for the transactions they confirm, along with newly created IMPL. PoW block reward linearly reduces the reward of PoW block from 48 IMP to 0.48 IMP. Currently, Impleum is running a strictly proof of work and masternode system as the mining part of the blockchain has run its course, endingvay 100k blocks.
POS - PROOF OF STAKE
Proof of stake is the consensus algorithm used by cryptocurrencies to validate blocks. The main advantages of proof of stake are energy efficiency and security. In a proof of stake system, the creator of the next block is determined by a randomized system that is, in part, dictated by how much of that cryptocurrency a user is holding or, in some cases, how long they have been holding that particular currency. Instead of computational power as is the case in proof of work, the probability of creating a block and receiving the associated rewards is proportional to a user’s holding of the underlining token or cryptocurrency on the network.
The main advantage of proof of stake, over a system such as proof of work, is that it uses considerably less energy and as a result is more cost effective. It is well documented that each Bitcoin transaction, which uses a proof of work system, can require as much electricity. This is both ineffective and unsustainable. To stake on Impleum, the only reqirement is to have some IMPL coins in your ballance and keep your IMPL Wallet connected to the network. Periodically, your balance will be increasing as new coins are awarded to you for your support of the IMPL Network
MASTERNODES
Masternode is simply a cryptocurrency full node or computer wallet that keeps the full copy of the blockchain in real-time, just like your have Bitcoin full nodes and is always up & running.
But masternodes are considerably different in their functionality than normal nodes.
They are different because they perform several other functions apart from just keeping the full blockchain and relaying blocks/transactions as a full node does.
Some of the special functions that these nodes perform are:
Increasing privacy of transactions
Doing instant transactions
Enable budgeting and treasury system in cryptos
These masternodes are not standalone but they are always communicating with other such nodes to make a decentralized network and are often referred in short form as MN. To run the Impleum Masternode one is required to have a certain amount of IMPL in their balance, as collateral, and fulfil other requirements imposed by the protocol.
Feature Of Impleum Blockchain
Instant. There is no underestimating the value of instant transactions on a blockchain. This is a major problem that bitcoin currently faces and led to disastrous outcomes late last year during the bitcoin hike. This was caused by numerous transactions being carried out on the bitcoin blockchain all at once which led to a congestion in the blockchain. Impleum has implemented superior blockchain technology that will allow thousands of transactions per second and no instance of congestion on the blockchain. The transaction speed is top notch!
Private: Because of the bitcoin tumbler feature implemented on the Impleum blockchain, transactions are private and completely anonymous. User privacy is guaranteed and assured.
Secure. Transactions are backed up across hundreds of servers so it makes the task of attacking the Impleum network a futile one.
Staking. Forget power-hungry mining rigs – stake and earn interest.
Masternodes. Service nodes that allows Impleum DApps to scale off-chain.
Low fees. Impleum improves your savings with .001 transaction fees. Low transaction fees will allow users to be able to carry out huge transactions on the blockchain with minimal fees
DAPPS
As explained earlier, Impleum is a blockchain that fully supports the hosting of DAPPS on its blockchain platform. Currently, The core of Impleum platform is an object-oriented programming language C#. Luckily, there are some DAPPS in the world to be launched on the Imperium blockchain, some of which are:
Quizi.io – webservice
Quizi is a powerful marketing tool. It is a service of convenient and informative quizzes and polls, the results of which are saved in the blockchain. They stay reliable and unchangeable forever. Discover answers to the most provocative question or pass the test and get reward in cryptocurrency. Settle the old dispute. Express your opinion and share it with your friends.
OldStyleRacing – mobile game
Old Style Racing is a classic time killer for iPhone and iPad. It was designed as a retro cars racing game. The game control is all about double tapping. Showing top results in this game is a tremendous challenge. The gist of the game comes down to maneuvering a car between barriers on the road and collecting coins. Coins can be exchanged for IMPL. First you need to go to the account and withdraw your coins on your Impleum wallet.
EXCHANGES
The Impleum team, in their roadmap, have dedicated the 4th quarter - Q4 - of 2018 to list on several exchanged, the first of which is Cryptobridge. Imperium will start trading on Cryptobridge in less than 24 hours! The exchange link will be updated in this post once Impleum starts trading.
IMPLEUM PROMO!!!
Impleum coins premarket discount 70%
Impleum is giving early birds the opportunity to get Impleum at 70% discount before they list on exchange (in less than 2 days!)
The number of coins available in this promo is limited, a total 100,000 IMPL.
The discount is valid only until the day of coin listing!
You can buy IMPL with discount on the official Impleum partner website CryptoChange or official discord branch #public-sale-bot (https://discord.gg/kbyaghq).
CryptoChange also has a referral program: you can earn 5% from referrals purchasing IMPL coins when you successfully invite a users to register his IMPL wallet and purchase IMPL using your referral link.
How to buy IMPL?
- Buy IMPL on CryptoChange (http://bit.ly/2OXit1R):
- Register the address of your IMPL wallet. The service automatically generates the BTC wallet address for the deposit.
- Send the required amount of BTC into the wallet address. IMPL coins will be sent to a previously registered Impleum wallet address after confirmation of the transaction.
The notice of purchase will come in History module.
- Buy IMPL in on official Discord branch:
- Register the address of your IMPL wallet with command !register < imp wallet address>. Bot automatically generates the BTC wallet address for the deposit.
- Send the required amount of BTC into the wallet address. IMPL coins will be sent to a previously registered Impleum wallet address after confirmation of the transaction.
The notice of purchase will come in direct message from @Imp-public-sale#6083.
You can also check out this interview with the founders of Impleum
Official Links
Official site: https://impleum.com/
Explorer: https://explorer.impleum.com/
Official twitter: https://twitter.com/impleum
Official telegram channel: https://t.me/Impleum
Bitcointalk
https://bitcointalk.org/index.php?topic=3333027.0
Wallets
https://github.com/impleum/ImpleumQt/releases
FullNode