About Ethos (ETHOS aka BQX)

Overview

Formerly known as Bitquence, Ethos (ETHOS) is building a hybrid eco-system that unites digital and traditional assets for a complete view of your economic future. Ethos is developing a number of products, such as a SmartWallet, ColdWallet, Watchfolio, and Coins. All of which aim to provide customers with a secure, user-friendly platform to control funds and obtain the necessary information required to make confident decisions regarding future investment. The Ethos SmartWallet is available on iOS and Android and boasts a safe and secure interface with easy navigation while supporting over 100 different cryptocurrencies. The ColdWallet is still under development, however, once released, it will offer additional security for those users wanting to store their coins offline. Watchfolio is a portfolio tracker. It allows users to add coins to their portfolio that may be stored elsewhere so they can easily keep track off their entire portfolio. Further, users can create fantasy portfolios to collect information regarding potential investments. Lastly, Ethos offers its users Coins, which a hub full of powerful cryptocurrency profiles that display raw data, key facts, social intelligence, technical details, market performance and ratings. So what is the Ethos token used for? - Be the payment mechanism for accessing and using services on the Ethos platform - Pay for transaction fees and API calls - Enable liquidity to help with changes in user asset allocations

Technology

Ethos is an ERC20 token built on Ethereums network. Ethereum uses a Proof-of-Work (PoW) consensus algorithm to validate transactions and produce new blocks on the chain, similar to Bitcoin. PoW is the original consensus algorithm and is considered highly secure. However, it is criticised and limited by the processing power required to mine, which has a negative impact on the environment. With PoW, miners race against each other to solve a complex mathematical puzzle, and the first to do so receives a reward. The more computational power a miner has, the more likely they are to solve the puzzle. Once the mathematical puzzle is solved, a new block is formed and added to the blockchain. Transactions placed in this block are considered confirmed.

Future Focus

The Ethos team want to provide a platform for customers to store, track, learn, send and receive cryptocurrency. Moving forward, the team look to release the cold wallet, introduce Ethos verified wallet domains, and continue developing and adding new features to the SmartWallet. For more information regarding Ethos visit the official website.

A wallet is essentially a bank account for your cryptocurrency and the wallet address is like your account number. The sender of the cryptocurrency needs a wallet address so they have somewhere they can send it from their wallet, much like a bank transfer. This wallet is giving you access to the blockchain where you can view your balance, send and receive cryptocurrency.

For information please read our beginners guide to cryptocurrency wallets.

POLI - internet banking

POLI is secure and fast. It links directly to your internet banking – login with your normal details and the rest is easy. No extra fees or surcharges. Watch this short video to see how it works.

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Storing your coins with Wallets

A wallet is essentially a bank account for your cryptocurrency and the wallet address is like your account number. The sender of the cryptocurrency needs a wallet address so they have somewhere they can send it from their wallet, much like a bank transfer. This wallet is giving you access to the blockchain where you can view your balance, send and receive cryptocurrency.

For information please read our beginners guide to cryptocurrency wallets.

Pay with POLI. Its fast!

POLI - internet bankingPOLI is secure and fast. It links directly to your internet banking – login with your normal details and the rest is easy. No extra fees or surcharges. Watch this short video to see how it works.

About Bitcoin

Bitcoin (BTC) is a form of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds. Transactions are stored on a distributed, immutable, online, public ledger known as a blockchain. Bitcoin was the first truly decentralised cryptocurrency which was created by a programmer under the pseudonym Satoshi Nakamoto and was released in 2009. The system is peer-to-peer, verified by network nodes and recorded in a public distributed ledger called the blockchain. Bitcoin can be exchanged for other currencies, products, and services with over 100,000 merchants and vendors accepting bitcoin as payment. Bitcoin can also be held as an investment. There are only a fixed number of Bitcoin will ever be mined (21 million), it’s not controlled by any one government or central bank, and there’s no such thing as quantitative easing or fractional reserve banking. These qualities make Bitcoin excellent as a store of value and a long-term safe-haven asset, similar to gold.

A Bitcoin success story that went viral on social media is Kristoffer Koch from Norway. Koch invested around $27 in Bitcoin in 2009 and then forgot about it for four years. He remembered about his Bitcoin wallet in 2013, which had then grown in value to $886,000.

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Due to the price of sending and sourcing BTC the minimum order is $500.00.

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