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Ripple Interledger powered Coil could benefit as EU parliament passes the content creators-friendly bill

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Content creators these days find it difficult to get a fair ownership or enforcing rights to their work online. However, in view of this, yesterday, Article 13 and 11 was approved by the EU Parliament concerning contents online that say:

A summary of the EU Legislation explains that the internet has become the main marketplace for distribution and access to copyright-protected content. Unlike traditional business models, however, people who produce and publish contents and own the rights to intellectual property have a hard time enforcing their rights to the work online. Lawmakers argue that this “could put at risk the development of European creativity and production of creativity and production of creative contents,” which is why stronger laws protecting creators are needed.”

Most content related websites on the net these days are less informative and lack business plans. Most of them are based on Ads or click baits due to the normal phenomenon that views are more important than the quality of the content. So this makes the actual quality of the contents unappreciated, thus, supporting views, the more.

However, this normal notion is detrimental to quality and creativity, and an administrator of XRP the Real Zerpbox, Mr. H, Tweeted that,

as creativity to more views (fake news/clickbait) is more rewarding than the actual creative content. Put a picture of a hot in a short skirt on the embed of your YouTube video about milking cows and get x100 views. These videos are not even watched, may be scanned through, ‘where is that girl then and why is she in the preview picture’ but the actual content is ignored – yet rewarding because the preview attracted views.”

Meet Coil – The Technical Startup Company

A technical startup company known as Coil has decided to reward the number of seconds the content is actually watched through Interledger.

Coil is a startup company based in San Francisco and powered by the Ripple network. The company aims to create a benefiting plan by paying websites that make use of Web Monetization. It is important to know that Web Monetization is the latest way websites can get paid by using Interledger.

Subsequently, in an interactive workshop, Coil took out time to explain how Web Monetization can be used by websites to get paid automatically when their sites are visited, instead of using ads and click baits or paywalls.

Mr. H also made this known on his Twitter page,

Coil can reward the number of seconds, the content is actually watched. Read an interesting story you like-actively tip or ‘reward’ the content creator, now 10,000 actual views can be more rewarding than 1,000,000 ‘clicksbait.’ Clicks – business models will adapt to this and the quality of the internet can be restored. Less fake news & clickbait… The European Parliament wants by article 13&11 is actually similar to the solution that Coil provides. Enable another business revenue model to reward the content creators, reduce the amount of fake news and clickbait”

The Role of Ripple

Coil’s initiative is great and beneficial and there is no better way to do this other than using crypto rewards. However, Ripple is likely to be one of the standards for Coil’s new business model for content creators.

Coil has decided to use Interleger Protocol (ILP). In a recent statement, Coil’s team stated,

which means that you’re not tied to any currency, token, or single company. We’re going to start off with background on Interledger and Web Monetization before diving into how to use it yourself. The project aims to address slow block finality, high transaction fees and unsophisticated payment channel constructions that exist within blockchain payment solutions today. The team is building a decentralized payment network leveraging Interledger for clearance and is actively working on an Ethereum plugin for the protocol.”

If this gets actualized, people can also get rewarded through XRP. This news has come as a big surprise to all Ripple enthusiasts and they hope it may have a good effect on the price of XRP.

Check out the new Global Coin Report YouTube channel as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pixabay.com

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VOLUM (VLM) Announces Commencement of Token Generation Event

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ESTONIA, May 4, 2019 – VOLUM (the “Company”), a multi-dimensional blockchain technology holding company, is thrilled to announce the commencement of the Volum (VLM) Token Generation Event (“TGE”) beginning on Saturday, May 4. The VLM utility token is the native cryptocurrency powering the VOLUM supply chain and logistics management platform.

Driven by algorithmically intelligent software tailored to logistics and supply chain management, along with Internet-of-Things (“IoT”) integrated functionality, and a backbone of hybrid public and consortium blockchain architecture, the platform is organized around the Volum (VLM) token. The VOLUM TGE will be managed by deploying ERC20 tokens on Ethereum Mainnet to maximize future access to cryptocurrency exchanges.

The VOLUM platform operates as a comprehensive control center for supply chain and logistics management operations. Companies who use this platform will be able to carry out a wide range of blockchain transactions including: Payments, Rewards, Purchase Orders, Legal Contracts, Regulatory Compliance, Taxation, Shipment Management, Letters of Origin, Customs Documents, Inputs/Outputs and Inventory Ordering, Delivery/Parcel Tracking, IoT Monitoring and Reporting, Big Data Analytics, and Inputs and End-Product Tracking/Traceability.

“The total addressable market for a blockchain-based supply chain solution is nearly $54 trillion globally, with the majority of the world’s workers playing some part of this equation” noted Arnaldo A. Detrés, CEO of Bengala Technologies, LLC, the principle blockchain developer working to build the VOLUM platform. “However, blockchain solutions have been unable to…

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How to Secure Yourself in Relation to Bitcoin: Top VPN Services

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Nowadays, more frequently people opt to use cryptocurrency such as Bitcoin while dealing with financial transactions for its convenience, so its increasing prevalence isn’t round-of-the-mill phenomenon but still, its users need to create fully protected cooltechzone to secure their data.

Recently, a great abundance of VPNs have started to accept it as a way of payment and it definitely makes sense: one buys VPN to retain anonymity on the Web, so why not to use the privacy-focused payment method? Paying for a VPN service with Bitcoins or any other cryptocurrency secures personal data from curious eyes leaving no traces.

What is a VPN?

Virtual Private Network (VPN) is generally presented by the group of linked to each other computers via the Internet. VPN boosts protection and provides a high level of anonymity to all types of Internet connections.

Security

While the connection to the ordinary Wi-Fi networks, a user usually gets access to the Internet directly, thus he becomes vulnerable to the hackers and the malware attempting to steal his personal data. On the other hand, applying VPN one transmits and gets data in encrypted form which makes it protected.

Anonymity

Generally, isn’t hard to trace an Ip-address of any user and to identify his location with sufficient accuracy. With the help of VPN, the attacker will only get the address of the removed computer. Undoubtedly, the safeguard…

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Is it legal to gamble in Bitcoin casino?

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Bitcoin entered the world in 2009 and immediately begun a revolution on the cryptocurrency market. Presently, there are more than 700 different digital currencies, but Bitcoin still remains the most used one. However, despite the large business activity around Bitcoin, there is still no international legal law to regulate it.

Key facts on Legality in Bitcoin casinos

Laws and obligations concerning online gambling legislation vary from country to country. There are many jurisdictions that can issue gambling licenses to online casinos. But, these licenses are issued only after the online casino business meets the requirements of the chosen jurisdiction.

The necessity of Gambling License for Bitcoin casinos

In order to make it clean and clear, a reliable online casino will obtain an online gambling license. Among other things, it allows running a legal activity and assures the casino operator’s trustworthy behavior, fair gaming policy and transparency in business operations and gaming software offered to customers. A representative of this kind of casino, such as FortuneJack for example, will have good reviews and reputation, and stable business that is constantly growing and expanding throughout the years. You can also feel the stability by checking the website, and important details such as casino withdrawal time and the number of games offered for playing, as you can examine on Fortunejack.

There is a difference between Bitcoin and Bitcoin gambling legality. There are countries…

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