Ethos – Cryptocurrency Review
Ethos aims to create a people-powered cryptocurrency service in order to make the cryptocurrency market more accessible and trustworthy to the average non-technologically savvy individual. Thereby breaking down the traditional barriers to entry and removing obstacles for consumers and businesses.
Presently, each digital cryptocurrency asset comes with its own unique wallet, which can be difficult to manage and keep track of multiple wallets. Ethos is planning to solve this problem by creating a platform which will provide a single point of interaction, and consist of three main components:
Ethos Universal Wallet is a decentralized wallet management system that allows users to quickly and easily interact with cryptocurrencies in order to track and monitor digital assets. This will allows users to view, send and receive balances from various supported cryptocurrencies by integrating them into one platform. Each users wallets are also entirely decentralized which allows consumers to have complete control over their private keys at all times. In addition, all balances are completely user-dependent, there are no locks or limits, and access can’t be granted to funds without direct user authorization.
Fiat and Diversification allows users seamlessly deposit funds into their ethos universal wallet. Then using cone-click diversification users will be able to diversify their funds across either preset or custom baskets. This will provide users with complete control over their assets at all times but also allow users to reduce cost from transaction fees and increase liquidity due to the integration into one platform.
Social and community network provides a platform by which novice users and experts can interact. Thus, ethos reviews will allow users to share analysis, experiences, and answers to questions from other users. By providing quality information, community members will be rewarded with with tokens and reputations points, much like community members are currently being rewarded on steemit. Ethos predictions also rewards community members for future predictions of cryptocurrencies, with rewards and reputation points going to the most accurate predictions.
You can read more about Ethos and its coming developments here at its whitepaper.
More recently, Ethos partnered with BitDegree also known as Bitquence, in order to create an Introduction to crypto and cryptocurrencies course on the BitDegree platform. For those of you who are not familiar with the BitDegree platform, you can read more about it here as @blockchainttmft wrote a great review on it a little while back.
This partnership will provide Ethos with not only another means in which to market to new people but also a way to educate more people about cryptocurrencies who currently are unfamiliar with the space. This will provide a value back to the company which will help it to continue to raise money in order to achieve future developments that are currently listed on the roadmap. For more information on Ethos please visit their website listed here.
Please upvote, resteem and share your thoughts about Ethos by leaving a comment below!
Well said. Ethos seems to be worth looking into. If you don't mind can you check out my concept design on my blog for steemit website? @dang20
Thank you and you got it @dang20 I'll check it out now!
@originalworks
Hey what are your thoughts on Paccoin? Can you do a review on it?
Absolutely, I'll post a review for you about it either later today or tomorrow so keep a look out!
The @OriginalWorks bot has upvoted and checked this post!
Some similarity seems to be present here:
http://www.ethos.io/Ethos_Whitepaper.pdf
It appears the author has cited this source in their work. Great Job!