Blocksafe, the company behind the Token Triggers Coin, presents the first block chain solution for Smartgun security.
By using the consensus of blockchain technology, Blocksafe provides crypto implemented security for the connected Smartgun technology.
Blocksafe commits itself to offer the solution in firearm security.
Accordingly, Blocksafe represents the final argument in offering an all-inclusive solution to firearm security problems.
Triggers Coin – The Company
The Blocksafe consortium consists of a team of dedicated innovators committed to the Blocksafe infrastructure.
The consortium aims to create a well-connected community of smart gun tech individuals who encourage each other to innovate in tandem.
Blocksafe provides for an ecosystem in which innovators build on each other’s achievements to promote exponential innovation growth.
Blockchains use consensus algorithms to establish objective insights from a pool of subjective data in the blockchain.
Blocksafe uses more than three consensus mechanisms to support the decentralized apps that leverage the integrated innovations of Blockchain.
The main incentive for Blocksafe is the possibility for innovators to outsource their safety concerns.
Instead of having to design and implement securely distributed communication media for each Smartgun innovation, users instead list their innovations on block safes to ensure the project’s security needs.
In order to achieve exponentially growing and mutually beneficial innovations, modularization plays a key role for Blocksafe.
As such, innovations that are integrated into Blocksafe with their existence are supported in a modular network.
Finally, the participation in the work required to carry out the block safe consensus will be rewarded proportionally with tokens.
As a whole, Blocksafe offers many applications that enable the development of improved firearm solutions.
These solutions focus on the secure distribution and storage of data that would otherwise be too risky to communicate via insecure channels.
Triggers Coin – The Cryptocurrency
The trigger coin serves as currency within the trigger system. A total of 100 million triggers tokens are in circulation.
Of these, 10 million coins are earmarked for development, 10 million for marketing and 10 million for the founders.
Currently 27894407.4897 Trigger Coins are still locked. A further 40 million coins are stored as ERC20 tokens, which can be exchanged for ERC223 tokens at a later date.
Check out our guide on the next big cryptocurrency.
Blocksafe’s consensus engine makes the network independent in the sense that the devices and decentralized applications (dApps) have already built in their own wallets and integrated consensus engines.
The tokens are issued as rewards for reviewing consensus requests. Discussions about mining pools and nodes are still ongoing.
The trigger tokens are based on counterparty technology.
To save the triggers, the user simply opens a counterparty wallet. Most wallets charge transaction fees with BTC.
Even when using counterparties, the triggers run effectively on the Bitcoin Blockchain, the most stable blockchain to date. It is often referred to as “THE Blockchain” because of its sheer size and dominance on the crypto market.
Trigger Coins can be traded against BTC on Bittrex. com.
The Trigger Coin pushes the Blocksafe-Smartgun-Tech network economy forward.
The triggers manage every event that takes place between intelligent devices participating in the Blocksafe network.
Blocksafe’s decentralized security ledger can be more than the backbone of the firearm industry.
Some industries that have agreed to interact with Blocksafe include, for example the logistics of firearms, the production of firearms, the sale of firearms and the industry for end customers.
You can’t buy it directly for fiat on any exchange. You can choose the where to buy bitcoins for your region and buy BTC there, then trade it for TRIG on exchanges. Read here how you can quickly convert other coins to bitcoin and the other way around.
Our recommendation is always check if Coinbase is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. Coinbase is not a scam and is secure place to buy BTC.
If Coinbase doesn’t support your country, use Cex.io – read about Cex.io here – it is another safe place to buy bitcoins. Coinmama is also legit exchange for buying Bitcoins – click here to visit Coinmama.
If your country is not available on Coinbase – check for exchanges that are good Coinbase alternatives (such as Cexio and Indacoin – see here Indacoin review) and buy BTC on one of those exchanges. You can always exchange your coins on Changelly (see if Changelly is safe and legit), instantly and directly to BTC.
Best and safest option to store your coins is to download an official coin wallet and store it on a hardware wallet – our recommendation is just go and buy Ledger Nano S, it is the safest option.You can read our article on how to use Ledger Nano S wallet and what cryptocurrencies it supports or check out other best hardware crypto wallets here. You can also create a paper wallet – learn here more about cryptocurrency wallets.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com