In the next ten years cryptocurrencies will move from being mined by giant server farms to networks achieving consensus via ordinary votes from ordinary users using ordinary devices. The JSEcoin project has created an energy efficient cryptocurrency powered by surplus resources within web browsers and adopted globally by mainstream users. Most major cryptocurrencies rely on miners to carry out cryptography hashing, which is the mathematical process key to securing a blockchain, enabling the secure storage and transfer of data. Generally this process consumes huge amounts of computing power and electricity due to its competitive nature as miners are rewarded for their efforts by receiving cryptocurrency payments.
The electrical resources used for mining are increasing at an uncontrollable and unsustainable rate. The higher Bitcoin’s price climbs, the more incentive there is for industrial mining corporations to open new server farms where their only variable cost is electricity. JSEcoin is different, it is mined using background resources within a web browser tab. The additional power consumption when the device is in use is miniscule. The CPU usage for our hashing algorithm is less resource demanding than the loading of a video advertisement. By using surplus CPU availability within the browser we can efficiently hash data at scale to secure the JSE blockchain. The cryptocurrency market cap has now reached $207 billion USD with 53% invested in Bitcoin and $97 billion invested in upcoming altcoins. The publisher mining platform which was released in August 2017 has given us exposure across 20,000+ websites. We have a huge supply-side live and ready to go when we launch the JSE ad-exchange in 2019.
Blockchain technology will be slowly adopted by traditional businesses over the next decade. Spend on blockchain solutions is expected to reach $11.7 billion by 2022. JSE will ease this transition by providing simple to use enterprise solutions which will enable businesses to reap the benefits of blockchain, cryptography and enterprise grade API services. Website owners have access to the JSE merchant tools which enable websites to sell products, services and subscriptions in exchange for cryptocurrency tokens. We believe the majority of online trade will be conducted with cryptocurrency within the next ten years. This will mean cryptocurrency is used to process $4 trillion in transactions per year in the ecommerce sector alone. This is a huge opportunity for a web focused blockchain platform to gain a market leader in a industry that is set to change the world.
JSE tokens will form the future economy of web based payments, digital advertising and content monetization. Demand on exchanges will be generated by demand from advertisers, enterprise clients and consumers. Advertisers will buy tokens on exchange to fund their advertising campaigns. Enterprise clients will purchase tokens to pay for Enterprise API and subchain solutions on a per query basis. Consumers will purchase or mine JSE to pay for consumer goods, services and subscriptions on the web. Mining distribution will be to the website owners and platform miners. A percentage of who will distribute tokens back to the exchange and a percentage will hold tokens in their wallets creating an imbalance in supply and demand benefiting all stakeholders in the project.
The JSE network provides new ways for website owners to monetize their content as an alternative to displaying ads. This may be preferable for sites where space is at a premium or banner advertising is not appropriate. It could also be used in conjunction with existing traditional advertising methods as an additional revenue stream. Webmasters can earn additional revenue through the affiliate program and integrate cryptocurrency payments and subscriptions on their sites with the merchant tools.
An ad exchange is a marketplace where buyers and sellers trade digital advertising space. In 2018 more than $200 billion USD will be traded via ad exchanges around the world. Many of these exchanges are interlinked and reselling each others inventory. Google is the largest player in the field with a huge network of publisher websites via their Adsense and DoubleClick platforms. There are other blockchain projects also targeting this space but to our knowledge these are mainly reselling inventory and no other project we are aware of has a publisher base as large as JSEcoin which at time of writing stands at 22,000 publisher websites and 15,000,000 impressions per day.
The JSEcoin network can be used to validate hashes on 3rd party sub-chains. Public data will be collected from a standard database or via API calls. Reformatting the data using a subchain node in to a chronologically ordered real time blockchain. Subchain block data will be hashed and the hash stored in the JSEcoin main chain for verification and validation purposes. There are no mining requirements as this is carried out on the JSEcoin network. The JSEcoin project has world class fraud and bot detection software. Ever since launching the platform in August 2017 we have constantly been the target of attempts at referral and publisher fraud. It’s been a steep learning curve along the way but we have always stayed ahead of the problems and in doing so now have a very valuable asset. The merchant tools enable both single payment and subscription payments to be made via the web. This provides website owners with a new way to monetise content and generate revenue streams. Subscription models were important to integrate from the start because SaaS companies, membership sites, private forums all generate steady income using merchant rebilling facilities.
Transparency is paramount to our future success. JSEcoin has never carried out hidden background cryptocurrency mining. It is essential to inform users that the mathematical hashing process is running and the website is monetized via cryptography. For this reason we run an opt-in only mining system. A notification is displayed at the bottom of the web page and a user must give consent before any mining starts. We are working towards an exchange listing in 2018. The ICO will close October 11th and we will apply immediately following the close. The cryptocurrencies that achieve long-term success will be ones focused around the users. Fee free fast transfers - utilizing client side ECDSA signatures, fixed block cycles and a summarized account ledger we have been able to get the transaction block time down to 30 seconds. Consumer Focused - The user interface for the platform and apps are intuitively designed for non-technical users. Publisher-Mining - Website owners can place the JSE code snippet on their site to leverage visitors who opt-in via their websites, providing a new non-intrusive monetization method. Platform-Mining - Registered users can log into their control panel and click the start mining button. Their browser will then be left to mine tokens in the background. A dedicated mining pool means anyone with a web connection can go online and earn their fair share of the digital currency. This pushes the platform past just being for site owners and app developers. Ad Exchange - Over 80% of publisher miners opt-in to display JSE advertising. This will go live with a self-serve demand-side platform in 2019. Already as of August 2018 we estimate to have $1.5m USD / month of traffic on the network
The code snippet that website owners can install is an embedded external javascript file similar to common codes used for website analytics and advertising. Wordpress and Joomla plugins are also available, which makes it really easy to install JSEcoin on a website. The javascript code loads at a set time after the page has finished loading preventing any performance delay and SEO page speed penalties. The public block data is sent to the website visitors browser and will be processed while they are reading the page, the most accurate hashes sent back to the JSE network and used to secure the blockchain.
For the ICO we have integrated an ERC20/223 Ethereum smart contract. This will enable deposits and withdrawals between the JSE platform and the ERC20 token. The benefit of this is it opens up an entire industry of 3rd party applications and developments. You will be able to hold tokens in 3rd party wallets such as MyEtherWallet and Metamask. Exchange integration will be smoother and more efficient as the majority of listings will already be with ERC20 based tokens. ERC20 compatible hardware wallets make offline storage possible. A 3rd party security audit has been carried out on the smart contract. The traction the project has gained so far, before exchange listing and before the token has tradeable value, proves the demand for web based cryptocurrency solutions. Over one hundred thousand users have already registered and set up accounts on the platform. Our code has been set up on more than twenty four thousand websites providing global reach of eleven million impressions per day. The opt-in miner network has now reached forty five million users and is growing fast. The platform has scaled well and there is huge opportunity for further growth.
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For detail projek visit link in Below :
Website : https://jsecoin.com/en/home
Whitepaper : https://jsecoin.com/whitepaper.pdf
Facebook : https://www.facebook.com/officialjsecoin
Twitter : https://twitter.com/jsecoin
Telegram : https://t.me/jsetelegram
My link Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1305012
My ETH Adress : 0xCC028E8465c39c8B5D250431c82239dc7EE48a6d
My Telegram : https://t.me/robiawal
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