Category Archives: Bancor News
January 31, 2018 – Bancor, the blockchain protocol for automatically liquid Smart Tokens that completed a record breaking Token Generation Event last June, is currently holding a “HACKME Bounty Challenge” as one in a series of final security audits in preparation for the upcoming launch of its cryptocurrency wallet.
The Bancor Wallet will allow on-chain conversations between tokens in the Bancor Network directly from your personal wallet using any device anywhere at anytime. In order to make sure that its product is up to the highest standards, Bancor is offering a reward to any website or software developer who can successfully hack into the system or catch any overlooked bugs.
Users have two Hacking options:
- Hack the “HACK ME” community on our demo environment by creating new tokens, deleting existing ones or transfer HACKME tokens to his own account.
- Gain access to the Keystore file (the wallet recovery file) of the HACK ME Community Admin on the demo environment.
If anyone manages to fulfill both options, they will win a grand prize of BNT and ETH worth thousands of dollars.
Bancor has already launched a live product, which allows anyone to buy, sell and convert tokens in the Bancor Network directly from the web, at prices automatically calculated by the open-source Bancor Protocol formula. The team is now announcing a handful of significant new features, helping both end-users to adopt the product more widely, and continuously announced new partners to streamline integration of their tokens into the network.
On June 12, 2017 the Bancor Network Token (BNT) launched through one of the largest crowdsale campaigns in the blockchain industry, with over $153 million contributed from 10,885 participants in less than three hours.
Bancor partners with SIRIN LABS to accelerate blockchain adoption through first holistic mobile experience on FINNEY phones
January 9, 2017 – Bancor, the standard for Smart Tokens which are autonomously convertible, is partnering with SIRIN LABS, the creator of the world’s most secure blockchain smartphone, in order to bring the first complete blockchain mobile experience to the market. The Bancor Network conversion widget will come preinstalled on FINNEY devices, allowing any integrated token to be easily convertible for any other token in the network, including ETH, BNT and Sirin’s own SRN, which will also be a Bancor-compliant Smart Token equipped with $1 million in liquidity. This integration will allow users to seamlessly convert between relevant tokens to achieve maximum ease and functionality from their FINNEY blockchain smartphones.
Following the success of Bancor’s BNT token sale, which raised more than $150 million USD in three hours in June, Bancor has deployed its decentralized liquidity network with over 50 tokens announcing planned integrations and over a dozen already active, including WAX, STORM, and others. The Bancor Network Web App and conversion widget will allow FINNEY device owners to easily convert tokens at mathematically calculated rates directly from their Web3 wallets, without needing to match buyers and sellers of the various tokens in exchanges, as is today’s cumbersome standard. The FINNEY family of devices offers a truly decentralized blockchain experience, and the SRN token powering it will now be easily convertible to and from other popular tokens for maximum user utility.
SIRIN LABS offers the only smartphone in the world that is equipped with a cold storage crypto wallet and is fully secure and safe enough to hold cryptographic coins. FINNEY devices will form an independent blockchain network based on a scalable, lightweight distributed ledger powered by IOTA’s Tangle technology. It will be free of centralized backbones or mining centers and capable of providing fast, fee-less, and secure transactions.
”We share the vision of seeing these important blockchain technologies reaching the long tail of users,” said Guy Benartzi, Co-Founder of Bancor. “Allowing users to easily convert between the tokens of their choice, at low cost, transparent and predictable rates, with no middlemen, is one of the great promises of blockchain. Doing all this from a secure smartphone designed from the ground up for blockchain is the next great frontier for adoption.”
“Our goal is to standardize blockchain technology while maintaining a simple and friendly user experience,” said Moshe Hogeg, Founder and Co-CEO of SIRIN LABS. “Blockchain trade and cross-platform experience is anything but seamless these days. Together with Bancor, and our strategic partners, we are developing a secure open source OS — Sirin OS — to connect between, and allow, token transitions to be completely seamless and feeless to the user, which will speed the mass adoption of the technology.”
Bancor Protocol is a standard for the creation of Smart Tokens™, cryptocurrencies with built-in convertibility directly through their smart contracts. Bancor utilizes an innovative token “Connector” method to network tokens to each other, enabling formulaic price calculation and continuous liquidity for all compliant tokens, without needing to match two parties in an exchange. Smart Tokens interconnect to form token liquidity networks, allowing user-generated cryptocurrencies to thrive. For more information, visit the website and read the Bancor Protocol white paper.
About SIRIN LABS
SIRIN LABS, the developer of SOLARIN, an ultra-secure mobile phone – is currently developing FINNEY™, the first open source blockchain smartphone and all-in-one PC. Backed by significant investment from some of the most respected players at the forefront of new technologies, the company vision is to bridge the gap between the mass market and the blockchain economy by creating a simple to use, feeless, ultra secure standard that will solve the current blockchain pains of security and poor user experience. Learn more at: sirinlabs.com
BREAKING: Major Exploit Drains ETH Wallets / ENS on Bitfinex / Bancor Reserves Emptied
Bancor is proud to announce the addition of Brock Pierce, long-time blockchain industry entrepreneur, investor and thought-leader, to the Bancor protocol advisory board. Pierce joins a long list of respected advisers who are renowned experts in their fields, including Tim Draper of Draper Associates, monetary architect Bernard Lietaer, and open source governance visionary John Clippinger, among others.
Read more at the source: The Bancor Protocol