BitBoost (BBT) ICO

updated 18 September 2017

A fully decentralized marketplace for e-commerce, built on the Ethereum blockchain, with low fees and fully privacy for users.

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Status: ended
Public sale: 10 Oct`17-04 Nov`17
Cap: 21 400 000 USD
Goal: 21 400 000 USD
Find out more

BitBoost and The Block

BitBoost has developed a MVP, The Block, a fully decentralised e-commerce marketplace, designed for privacy and low fees. It takes the form of a standalone app based on Ethereum’s smart contracts and uses the ETH currency for all payments except merchant listings. As a global application with minimal technical requirements for users, this is free trade at its most free. BitBoost’s aim is to facilitate truly free trade on a global scale. Building on the work of almost three years, The Block is their solution: a totally peer-to-peer e-commerce experience, without unnecessary costs, geographical limitations or arbitrary restrictions. As a downloadable app that connects to the Ethereum blockchain, The Block relies on no centralised website or other service by design (the developers’ Ethereum node can be used for convenience, but is not necessary). This entirely decentralised approach means that there is no controlling party limiting trade, restricting payments or collecting users data.

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I’ve been trying to figure out how to explain Blockchain, Cryptocurrency, and ICOs in a short elevator pitch.  Got a great suggestion from “Blockchain Business Consultants” (www.bchainconsult.com) I’m sharing here.  If you like it, please feel free to use it.  If you have suggestions to make this better (but not longer), please let me know.

How to Explain Blockchain, Cryptocurrency, and ICOs in one short paragraph Elevator Pitch

A blockchain is a secure distributed ledger or database where past “blocks” of entries are “locked in” so securely that you cannot alter them.  It is not run by a company or any trusted party—but a computer network.  A network of computers reach a consensus on the current block of transactions and once a majority agree, the new block of transactions is locked onto the blockchain database.  It’s a virtually unhackable, highly secure distributed ledger that can replace intermediaries like banks, or any company and authority now relied on as “trusted party” or controller of an information system.  With “Smart contracts” in the blockchain system, executed by the computer network when agreed upon conditions are met, you can conduct transactions without lawyers and middlemen.  Blockchain is used for virtually unhackable digital currency to pay for online transactions (cryptocurrency—like Bitcoin, Ether, others) and for a new means of raising funds:  an “Initial Coin Offering” where you produce a “token” you can trade on a blockchain that, combined with Smart Contracts, provides rights to buyers to use services or buy products.