A NEW REASON TO INVEST IN EUROPE
Investors eyeing Europe for opportunities as it continues to recover from the Covid-19 pandemic have another reason to pump money in the region.
European Union leaders have agreed on a blockbuster stimulus deal following almost five days of fractious discussions in Brussels, described as some of the most divisive in years. The €750 billion ($858 billion) recovery plan includes €390 billion ($446 billion) in grants to struggling countries in the bloc, with the rest of the money made available as loans.
That’s lower than the €500 billion ($573 billion) in grants initially proposed by the European Commission. The headline figure was reduced to appease a group of fiscally conservative northern European nations — Austria, the Netherlands, Sweden and Denmark — known as the “Frugal Four.”
But the agreement is still a huge show of unity and a big step toward the kind of strong fiscal coordination investors have long clamored for.
PANDEMIC’S GREAT RESET
Making energy firms invest more in renewables
Reeling from the onset of the pandemic, global oil consumption shrank by more than 20% in the second quarter and prices hit their lowest in decades, making companies rethink how fast they should make the transition away from reliance on oil and gas.
Besides expanding into solar and wind for power generation, more energy companies are researching blue hydrogen produced from natural gas and using carbon capture and storage (CCS) to reduce emissions in the process. The hydrogen could be used in power plants and fuel cell vehicles.
THREE AREAS OF CRYPTO DEVELOPMENT
There are three areas of crypto development that have the potential to grow.
- Decentralized Finance
DeFi, using cryptocurrency, hopes to decentralize money flows, making a truly global monetary system uninfluenced by any one government entity. Runaway inflation in poor third world countries would no more with DeFi. Essentially, it’s meant to replace much of the traditional banking infrastructure, and to say that it’s booming would be an understatement.
- Transaction Privacy Platforms
From the beginning, experts across industries have suggested that the blockchain may lead to a huge wave of innovation given its potential for both transparency and privacy. So far, though, there has been no breakout use of blockchain technology. That means though you can pick up on the failed lessons of others.
- Alternative Investment Systems
As you might know, the most widely known applications of cryptocurrencies are as investment vehicles. Cryptocurrencies are an asset class, and depending on your investment philosophy and risk appetite, it can be a way to diversify your portfolio or improve your returns.
EUROPE AND ITS ATTITUDE TO CRYPTOCURRENCY
Europe is located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere, comprising part of the largest of the world’s continent Eurasia, together with Asia. Overall, Europe has 65 countries within its territory. Most of the countries are members of the European Union, which has the world’s second largest economy by GDP and purchasing power parity.
In terms of digital assets, Europe is just now preparing to officially accept it. In a nutshell, cryptocurrency is not considered forbidden, though authorities of the European Union have agreed to limit the turnover of digital currencies. They prohibited anonymous transactions on online trading platforms so that cryptocurrency exchanges in Europe must identify all users and, if it’s needed, provide information about them. Within the Union, however, countries have differing attitudes toward cryptocurrency.
ESTONIA - THE CRYPTOCURRENCY CAPITAL OF EUROPE
Estonia has gone from being one of the most impoverished countries in the Eurozone to one of the fastest-growing, in large part due to technology-fuelled growth that has centered largely on e-business and digital finance.
The saturation of tech talent, combined with open-minded governance, helped to pave the way for Estonia to become one of the cryptocurrency capitals of Europe, with a huge number of wallet providers, exchanges, and blockchain startups launching there in recent years. For many, Estonia and, in particular, the financial capital of Tallinn, became synonymous with the global drive towards blockchain-enabled finance. The country is committed to becoming a high-tech financial hub, and there is a wealth of talent and infrastructure that was built upon the rise of cryptocurrency and blockchain.
BRIDGING THE GAP WITH THE RVCHAIN
We at Ritva set out to mitigate the current state of affair by developing a performative general-purpose blockchain platform that supports confidential transactions, called RVChain. Abstractly, The RVChain takes advantage of the recent development in computer hardware, in particular CPUs that are capable of provisioning Trusted Execution Environment (TEE). Another technical feature that enables the RVChain to operate at scale is its capability to support parallel shadow chains whose trans-actions can be totally ordered.
By incorporating TEE, RVChain effectively simplifies the threat model it has to deal with to crash fault tolerance, to which a number of performative consensus protocols have been studied. The preliminary design of the RVChain currently supports approximately 2500 transactions per second for the network consisting of 100 participants. Its theoretical foundation allows the transaction to be processed at the network speed.
The other advantage of the TEE is its isolated execution. More specifically, the TEE provisions a protected address space. Code and data running and being processed in this protected address space are inaccessible to any unauthorised processes, even the privileged ones such as the Operating System or Hypervisor. RVChain makes use of this isolated execution feature offered by the TEE to provide stronger privacy and confidentiality protections for the sensitive transactions.
Oh this is good. During the pandemic startups are hard to open though
NATIVE TOKEN OF RVCHAIN
Every blockchain needs a native token. For the sake of exposition, let us call native token of RVChain by EURT.
The EURT tokens shall be subject to the hard cap of 100 millions. A portion of the token supply is pre-minted for the development of the RVChain. These tokens are inhabiting the Ethereum blockchain and conforming to the ERC-20 standard. The distribution of these pre-minted tokens are depicted in the following figure. In particular, 10% of these tokens are dedicated for Ritva’s activities. Another 10% are reserved for the founding members. Nonetheless, this reserve is locked and subject to a vesting period of 24 month. The rest of the preminted tokens are used for the research and development, predeployment of the RVChain, as well as funds for other activities necessary for the wide adoption of the RVChain.
SPECIAL PLAN FOR APPRECIATING EURT IN VALUE
As you may have known, EURT is a native token of RVChain. Therefore, once the RVChain goes live, all preminted ERC-20 EURT tokens shall be migrated to the RVChain. That is, all EURT tokens on the Ethereum blockchain will be destroyed, and replaced by a newly minted counterpart on the RVChain.
The rest of the token supply is subject to mining. In another word, it is dedicated for rewarding network participants (or verifiers) who contribute their resources to verify the transactions on the RVChain. It is worth mentioning that all transactions incurred on the RVChain network shall be subject to transaction fee to be collected in EURT. A portion of the transaction fee is given to the network participants, while the other is burnt off. This token burn inevitably leads to the depreciation of token supply over time, which translates into an appreciation of the token price against fiat.
ESTONIA CENTRAL BANK TO CONDUCT DIGITAL CURRENCY RESEARCH
The Estonian central bank, Eesti Pank, announced the launch of a research program to study how to build a digital currency infrastructure.
According to a statement, Eesti Pank partnered with technology companies SW7 Group and Guardtime for the research project. It aims to see if a keyless signature infrastructure (KSI) blockchain solution can run its virtual currency program. Estonia already uses KSI blockchain technology for its e-government services. The bank’s project will also look into new payment solutions “that can be made possible by using electronic IDs and other Estonian e-government solutions.”
The project, however, will not specify which technologies should be used.
The project will consist of several phases and will last about two years. The first phase will study how to build a scalable, practical, and secure platform that meets the requirements of digital funds. At the same time, the platform also needs to tick the boxes of speed, security, privacy, and resilience.
Source: cointelegraph
BLOCKCHAIN FOR ASSET MANAGEMENT: IMPROVED SECURITY
Blockchain can be considered as the next trend in asset management. The question that remains is what advantages can blockchain bring to the industry?
Improved Security
One of the best advantages of blockchain is that it improves data security. By offering an immutable record of all transactions it disrupts the conventional security methodologies. Every block is encrypted before linking it to the others. This minimizes the impact of a data breach by distributing the records across multiple nodes.
Moreover, combined with traditional disaster recovery solutions, blockchain can effectively prevent data loss. An attacker would have to change all data blocks at the same time, which is very difficult to do.
ESTONIA - EUROPE’S STARTUP NATION
The country’s startup success started in 2003 with Skype, which was built and developed in Estonia. The success of Skype had an enormous impact on the local startup ecosystem as it represented the first time that a truly global multinational startup was being created and nurtured from this relatively small country. Fast forward 17 years and Estonia is now one of the world’s top startup nations.
On the fintech front, Estonia was also known for being home to the fintech unicorn Transferwise who is currently valued at $ 5 billion.
Among the key figures illustrating Estonia’s thriving startup ecosystem, which currently counts about 1019 ventures, is startup funding. The revenue of Estonian startups totaled 196.5 million euros in Q1 2020, growing by 66% year-on-year. Another key indicator is startup employment, which has also been on the rise, demonstrating Estonia’s insatiable demand for tech workers.
RITVA - ABOUT US
Ritva is a financial organisation of Crystal Technologies corporation, which is established in Tallinn capital, Estonia, EU.
Not only having an experienced professional team, Ritva has also been associating with many experts in such fields Forex, trading, etc. With the recent release of RVchain technology platform - the unique technology Ritva has many ambitions to create a financial empire in European area in particular and all over the globe in general. Operating as an investment bridge, Ritva plays an essential role in linking investors worldwide with a professional investing environment and experiences the latest breakthrough in the technology field.
WONDERFUL EXPERIENCE WITH RITVA
With a top notch technology platform, transparent investment policies and precise and clear roadmap, Ritva brings investors wonderful experiences with stable profits. In addition, any participants investing in Ritva are able to take the opportunity to own EUR and EURT. EUR is a stablecoin maintaining a stable market price and not being controlled/ dominated by the volatility of the market, hence, this is also a stable liquidity.
Furthermore, EURT has been recently released on exchange, and EURT surged at 3.5 dollars just a few hours after being released. This means there will be a boom and bust of EURT price in the near future. Ritva has been building cryptocurrency coins and ecosystems so as to meet a variety of payment services demand for investors.
RV-CHAIN ROADMAP
The distributed ledger technology has been widely hailed as the breakthrough technology. It has realised a significant number of application scenarios, and improved workflow of many domains. Nonetheless, there remain a few major concerns in adopting and deploying the distributed ledger technology at scale, in particular the throughput scalability and confidentiality protection for transactions.
In our research called RV-Chain, we take advantage of a trusted execution environment to offer confidentiality protection for transactions, and scale the throughput of the network in proportion with the number of network participants by supporting parallel shadow chains. To bring the RV-Chain to fruition, a strategic plan of development has been unveiled and divided into 5 different eras, namely ALUS - Foundation, KAAL - Scalability, SALADUS - Confidentiality, REKENDUS - Mass Adoption and ELAGU - Sustainability. Each era concentrates on a set of functionalities that will be delivered across multiple code releases. Although the phases of RV-Chain will be implemented consecutively, the work for each phase happens simultaneously, with research, prototyping and development proceeding all at once across different stages.
The work of each phase is clustered and introduced on its own page, demonstrating years in the making. An overview of the objectives of the phase will be presented. Furthermore, you will able to find descriptions of the critical functional factors and links to associated academic research, status updates, and even real-time code commits on our website at https://ritva.com/
In an attempt to make learning more inspiring and exciting European edutech has come up with its startup.