REAL ESTATE NEWS | Blog Video
Last month, the L.A. Loft Blog reported on the initial planning and introduced the development of Entar Coin, which can help real estate. Today, it’s a reality! To celebrate and promote the new digital coin, Loft Blog readers may request 100 free Entar coins for a limited time.
This is hot off the press! Entar, an affiliate of the L.A. Loft Blog, announces the complete launch and successful testing of Entar Coin blockchain cryptocurrency that can help the real estate market. The first Entarcoin mining took place this week. The first transaction completed yesterday, and the first transmitted Entar Coin confirmed today!
As a special reward for the Amazing readers of the L.A. Loft Blog who have helped to make this possible, 1,000 Entar Coins have been mined, reserved and designated a gift from the L.A. Loft Blog to show our appreciation. The free Entar coins come with a free Entar Coin wallet. How much are these strange new digital coins worth, and how much will they be worth in the future? Your guess is as good as ours. But there are some clues. Entar has thousands of involved readers, users and real estate customers every day who will be benefitting from the new technology. And here’s how:
For the technology lovers out there, here are more details about the purpose and basic functions of Entar coin:
Entarcoin White Paper
Entar Coin: A Peer-to-Peer Electronic Cash System
Corey Chambers coin@entar.com www.Entar.com
Abstract. A purely peer-to-peer version of electronic cash allows online payments to be sent directly from one party to another without going through a financial institution. Using digital signatures on a peer-to-peer network, the Entar blockchain network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.
- Introduction
Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes. The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions, and there is a broader cost in the loss of ability to make non-reversible payments for non- reversible services. With the possibility of reversal, the need for trust spreads. Merchants must be wary of their customers, hassling them for more information than they would otherwise need. A certain percentage of fraud is accepted as unavoidable. These costs and payment uncertainties can be avoided in person by using physical currency, but no mechanism exists to make payments over a communications channel without a trusted party. An electronic payment system based on cryptographic proof instead of trust allows any two willing parties to transact directly with each other without the need for a third party. Transactions that are computationally impractical to reverse would protect sellers from fraud, and routine escrow mechanisms could easily be implemented to protect buyers. The Entar solution uses a peer-to-peer distributed timestamp server to generate computational proof of the chronological order of transactions. The system is secure because honest nodes collectively control the majority of CPU power. - Transactions
We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify the signatures to verify the chain of ownership.
3. Timestamp Server
The solution we propose begins with a timestamp server. A timestamp server works by taking a hash of a block of items to be timestamped and widely publishing the hash.
4. Proof-of-Work
To implement a distributed timestamp server on a peer-to-peer basis, we use a proof- of-work system. The proof-of-work involves scanning for a value that when hashed, such as with SHA-256, the hash begins with a number of zero bits. The average work required is exponential in the number of zero bits required and can be verified by executing a single hash.
5. Network
The steps to run the network are as follows:
- 1) New transactions are broadcast to all nodes.
- 2) Each node collects new transactions into a block.
- 3) Each node works on finding a difficult proof-of-work for its block.
- 4) When a node finds a proof-of-work, it broadcasts the block to all nodes.
- 5) Nodes accept the block only if all transactions in it are valid and not already spent.
- 6) Nodes express their acceptance of the block by working on creating the next block in thechain, using the hash of the accepted block as the previous hash.
6. Incentive
By convention, the first transaction in a block is a special transaction that starts a new coin owned by the creator of the block. This adds an incentive for nodes to support the network, and provides a way to initially distribute coins into circulation, since there is no central authority to issue them. The steady addition of a constant of amount of new coins is analogous to gold miners expending resources to add gold to circulation. In our case, it is CPU time and electricity that is expended. The incentive can also be funded with transaction fees. If the output value of a transaction is less than its input value, the difference is a transaction fee that is added to the incentive value of the block containing the transaction. Once a predetermined number of coins have entered circulation, the incentive can transition entirely to transaction fees and be completely inflation free. The incentive also encourages nodes to stay honest.
Unique
Entar Coin uses the familiar SHA-256 cryptographic hash algorithm for the signature digest of its distributed ledger. Compared to bitcoin, Entar Coin provides double the initial mining results to provide a bigger starting incentive for prospective miners. 100 BTC were once worth $0 at launch, yet today are worth more than $900,000.
Unlike any other cryptocurrency, Entar Coin is used for trust and verification systems that increase efficiency and tokenization of real estate, payment processing, trust, verification, control of privacy and transparency, reducing administrative costs, store of value, liquidity, investment, self-executing contracts, loyalty programs, voting systems, fractionalization, proof of ownership records, escrow functions, marketing and analytics.
Did you read all of that? You deserve a reward! Get your free Entar Coins from our faucet for a limited time. The first ten to request get 100 Entar coins each. Fill out the online form:
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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449 We are not associated with the homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.
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