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Bitcoin Press Release: Dvision Network have announced its integration with blockchain oracle solution Chainlink, bringing accurate NFT item costing and secure, provably-fair rewards to its VR Ecosystem.

January 7th 2021, Seoul, Korea – South Korean-based VR Content Ecosystem Dvision Network has announced an integration of its technology with market-leading blockchain oracle solution Chainlink. Chainlink’s Decentralized Price Feeds, will enable Dvision Network users to accurately estimate the cost of NFT item creation in its VR marketplace. Additionally, Chainlink’s Verifiable Random Function (VRF) will enable the secure, provably-fair random generation and distribution of on-chain rewards to its users.

What is Dvision Network?

Dvision Network is a pioneering new VR metaverse on the blockchain, which aspires to set the new standard of what is possible for the VR user experience. By utilizing the exponential potential of Blockchain and VR technologies, Dvision network will create an unprecedented and inclusive virtual ecosystem for businesses, designers, and regular users.

The South-Korean powerhouse aims to establish an efficient VR ecosystem with a new concept, addressing the arising issues in the VR industry. Dvision offers high-quality pieces of content in the VR-City, and a customization of the virtual space in the VR-Space and essentially expands the VR ecosystem via its VR-Market, introducing its unprecedented NFT ecosystem.

Blockchain Oracles And Smart Contracts: A Perfect Match?

Blockchain oracles are devices or programs that enable (on-chain) smart contacts to interact with off-chain data and systems outside their native blockchain. This relationship allows the smart contracts to execute on-chain functions based on real-world data and events such as web APIs, IoT networks, and blockchain data-centric networks.

This new ability to use external data in smart contract applications has been a massive breakthrough, greatly expanding the amount of use cases possible on blockchains. The only caveat with this optimal relationship is that the oracle is responsible for executing the smart contract and must have a level of security and reliability equal to the underlying blockchain.

Chainlink Decentralized Oracle

Chainlinks decentralized blockchain oracle uses a unique flexible framework preventing any one point of failure whilst allowing users to receive data from external sources. The initial intergration with Division Network will leverage Chainlinks hugely successful decentralized price feeds as the primary oracle solution in the NFT marketplace.

Chainlink Price Feeds will be used to calculate the exact gas fees incurred when creating NFTs, ensuring users have access to accurate, up-to-date data on the true costs of using the network. Chainlinks Price Feeds were selected exclusively for their best-in-class features, including:

High-Quality Data: Price data is sourced from premium off-chain data aggregators, leading to a volume-adjusted market-wide price aggregated from hundreds of exchanges as opposed to any one exchange.
Decentralized: Price Feeds are decentralized at both the data source and oracle level, providing highly available and manipulation resistant oracle services.
Secure Nodes: All oracle nodes are run by known and experienced blockchain DevOps, bringing users reliable services to users.

Dvision Networks Provably Fair Random Gaming Rewards

Dvision Network will integrate Chainlink VRF to power the distribution of chance-based rewards to users who accomplish certain tasks. Chainlink VRF is an on-chain random number generation (RNG) solution that the oracle nodes, external entities, or even Dvision developers can tamper with.

This shift represents a huge advancement in the space, enabling a provably fair and on-chain verifiable source of secure randomness that any user can independently audit. in-game items or NFT attributes can now be proven as both randomly determined and distributed, ensuring each user has a fair chance of receiving rewards.

Dvision Network CEO Jung Hyun Eom stated:

“By using Chainlink to access reliable price feeds and determine the distribution of random NFT rewards, Dvision users have assurances that the digital goods created by their gameplay will be based on provably fair systems, as well as be exchangeable on the open market for fair-market values and governed by economic models that are permanent and stable,”

Dvision and Chainlink: A decentralized Vision

The core values supporting the Chainlink blockchain oracle perfectly align with the vision of Dvision Network, which aims to build a truly decentralized blockchain platform. Dvisions new integration with Chainlinks Verifiable Random Function and Decentralized Price Feeds are a game-changer for the VR industry, with a new found level of trust and security for not only the ecosystem, but the entire VR industry.

To Learn more visit Dvision Network – https://dvision.network/

Join the community on Telegram [EN] – https://t.me/dvisionnetworkglobal

Join the community on Kakao [KOR] – https://open.kakao.com/o/gBOQAQlc

Read about Dvision Network on Medium – https://medium.com/dvisionnetwork

Find on Facebook – https://www.facebook.com/Dvision-Network-119255129870212

Media Contact Details

Contact Name: Boburjon Muydinov

Contact Email: [email protected]

Dvision Network is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

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14th December 2020, Turkey – dCloud storage platform SINOVATE and veteran crypto marketing agency Bitcoin PR Buzz announce a key partnership to highlight the increasing need for a more viable long-term dCloud data solution, and reinforce the importance of industry partnerships for the adoption of dCloud worldwide.

What is SINOVATE?

SINOVATE (SIN) is open-source state of the art community-driven digital cryptocurrency, and

decentralized cloud data storage platform. Voted ‘Most Exciting Data Protocol’ at HackerNoon Noonies 2020, SINOVATE has developed its in-house DIN technology with the aid of Incorruptible Data Storage (IDS) to bring the dCloud market a solution like nothing seen before.

IDS is the SINOVATE decentralized private cloud network mechanism for sending, storing, and verifying encrypted data files. IDS uses the ‘MINI SIN’ Infinity Node Layer and blockchain architecture to process and store data.

Realising the need to improve upon existing and inefficient models of masternode storage, SINOVATE have released their fully in-house designed and written masternode structure, DIN. DIN’s code has been designed to work in perfect harmony with IDS, which needs the nodes to store and transfer decentralized data. This means that the node is provably fair with its rewards, removing the potential for chain splits, as on-chain nodes Schnorr MuSig instead of dated BLS signatures.

SINOVATE’s DIN & IDS provide an impregnable foundation for countless other projects to build their solution on, offering superior security to anything seen before. Highly secure decentralized data storage and transfer equates for a massive use-case for any startup requiring fast, secure data storage: That is just about every company in today’s modern world.

SIN coin rewards provide the two-pronged benefit of incentivising users to maintain nodes, stimulate healthy network growth and stability. The Proof of Burn feature mitigates against token dumping and counteracts the inflationary issues seen in similar projects, whilst having no limit to the number of nodes on the network addresses any questions about scalability.

Bitcoin PR Buzz – Industry Recognised

Founded in 2012, Bitcoin PR Buzz is a leading crypto marketing agency and an early pioneer for Bitcoin mass adoption, helping to give a voice to some of the first disruptive projects in the crypto-sphere. The company works with emerging innovative projects, helping them to break-out into the global market by leveraging its strong, long-term partnerships with major blockchain, mainstream, and fintech media providers across the globe.

In September 2020 Bitcoin PR Buzz helped Bridge.Link to sell out its 8 Million USD IEO in 6 hours, and In 2017 Bitcoin PR Buzz helped payment protection provider UTRUST to secure the $21 Million USD Hardcap target for its ICO. Other notable work includes a long-term relationship with blockchain heavyweight ARK, and a partnership spanning over 5 years with online gaming industry leader Coingaming.

SINOVATE for Mass Adoption

Bitcoin PR Buzz has worked with over 850 companies across industries including blockchain, e-commerce, gambling, trading, pharmaceutical/medical, and gaming – but it is in its long-term industry partnerships that it sees the most value for blockchain mass adoption.

The Bitcoin PR Buzz and SINOVATE partnership will create a launchpad to educate the market about the potentially groundbreaking Deterministic Infinity Node (DIN) technology, how it could completely revolutionize the data storage market, and reinforce the the importance of industry partnerships in order to achieve the mass adoption of blockchain technology.

SINOVATE Blockchain Developers

SINOVATE’s rise in the dCloud Industry is largely thanks to its innovative blockchain developers

Xuantan Nguyen (Xtdev) and Giacomo Milligan. (Giaki3003/SINTOSHIS)

Xtdev is a highly experienced Big data and data mining specialist. He is also the innovator of Deterministic Infinity Nodes and one of the lead developers and Master SINOVATORS of SIN.

Giaki3003 is the second lead developer on SINOVATE team and fellow Master SINOVATOR. He is also a highly experienced blockchain core developer, as well as Innovator of the upcoming PoS4 custom proof-of-stake algorithm, and hybrid consensus.

Together they make a uniquely experienced and highly skilled duo and creators of the technical evolution that is SINOVATE.

Looking Ahead for SINOVATE

SINOVATE launched its innovative Deterministic Infinity Nodes (DIN) 1.0 via hard-fork on November 21st 2020, and already has an impressive 1450+ nodes running perfectly, with expectations to increase this to 5,000+ nodes by mid-2021. This next milestone is expected to coincide with the next big hard-fork BETELGEUSE, which will see many of the exciting IDS-based (dCloud, blockchain mail, SIN mobile messenger) solutions with launch in Q2, 2021. DIN’s code is likelyto become the reference point amongst masternode structured coins as the standard.

The first iteration of IDS-based solutions will include the potential functionality of “datastore” for file-saving on the DIN blockchain provided by bFTP protocol, the sending of mails on anonymous way with SIN Mobile messenger, and updates like the fourth generation of Proof-of-Stake (PoS) that will allow to add passive incomes alongside DIN and the HCO program.

For more information about SINOVATE, please visit – https://sinovate.io/

Join the conversation on Discord – https://discordapp.com/invite/CWbnW5y

Official SINOVATE Telegram Channel – https://t.me/SINOVATEChain

Official SINOVATE Medium – https://medium.com/@sinovatechain

Keep up to date on Twitter – https://twitter.com/SinovateChain

Media Contact Details

Contact Name: Alex Thurston

Contact Email: [email protected]

SINOVATE is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

Tag: decentralized

Dvision Network Integrates with Chainlink to Bring Fair Random Rewards Distribution & NFT Costing to Their VR Ecosystem