Category: Recently Added Whitepapers

Introduction & Features:

There are many ways to consider a new Ethereum-based protocol: the value it creates for a user, the value it creates for a developer, and the value it creates for the community. At Blockmason, we are dedicated not only to building useful, functional applications and protocols that solve real-world problems, but also to developing platforms that inspire adoption of the Ethereum network and expand global access to cryptocurrency.

That is why we are so excited to announce the development of our newest product: The Credit Protocol (CP).

Until now, it was only possible to move money on the blockchain in the form of cash. Bitcoin democratized the transfer and storage of money, and Ethereum democratized the creation and storage of monetary contracts. With the Credit Protocol, Blockmason has taken the next logical step in the decentralized economy: democratizing the creation of credit. Debt and credit are already extremely powerful financial tools, and now they will be strengthened by the security and flexibility of the blockchain. In fact, because an individual need not own ether in order to draw debt in ether, it is entirely possible to imagine a future in which debts and credits recorded on the Credit Protocol could exceed the total market capitalization of all cryptocurrencies combined, dramatically increasing the scale of the digital economy.

It is entirely possible to imagine a future in which debts and credits recorded on the Credit Protocol could exceed the total market capitalization of all cryptocurrencies combined, dramatically increasing

the scale of the digital economy.

However, there is no better proof of a team’s vision and execution than its product. At Blockmason, we have never set much store by empty promises or flashy Whitepapers.

“Great engineering is the art of intelligent compromise” – Dan Watts

The release of Bitcoin and the blockchain technology that powers it has ushered in an exciting new era for digital currencies and distributed computing, seemingly bringing into existence what many had thought impossible; a trustless decentralised currency. However like many great inventions in the past, this progress was achieved not by breaking any rules of nature or limitations that people imagined stood in the way, but rather by taking a long hard look at the requirements and then coming up with a clever new compromise.

Most inventions of any significance contain many compromises and Bitcoin is no exception, as with most groundbreaking new systems, it would be naive and unrealistic to expect that the first iteration would get everything 100% right. It stands to reason that there is room for improvement.

It has been over 8 years since Bitcoin burst onto the scene and numerous competitors have since come and gone, some of them bringing some minor im- provements to the table, but overall very little meaningful progress has been achieved in core areas. It is my belief that a sober and proper reflection on the current shortcomings, as well as real solutions to some of them are necessary, or this promising new technology may easily falter while still in its infancy. This article attempts to pinpoint what I believe are the shortfalls and compromises of current blockchain technology, and analyse them in search of ways to improve the system, with the goal of implementing these improvements in our virtual currency Gulden.

Keywords: Blockchain, Gulden, Bitcoin, Distributed consensus, Hashcash, Proof of Stake, Proof of Work, PoW2

Abstract

In 2007, “The Rock Insurance Co.” is born as a Virtual Insurance Company in Second Life, the first one of its kind. Since then, our website evolved a lot, while remaining under the same management team. In 2010, it changed its name to “The Rock Trading”, with a division dedicated to manage funds and an exchange to trade currencies and stocks. In June 2011, after a few months of testing and building, the first Bitcoin was traded on The Rock Trading, making it one of the oldest exchanges still alive! As the website continued to grow, it started to add new currencies (such as Litecoin, Namecoin and others) and in May 2013 it became a Ripple gateway, and an official XRP reseller.

July 2013 marks another important change for The Rock Trading: it became a certified Limited Liability Company, registered in Malta and founded by Andrea Medri (CFO) and Davide Barbieri (CTO), two entrepreneurs well known in the Italian Bitcoin community. The development of the exchange never stopped, and we signed some important partnerships in order to improve the features offered to our clients. Jumio (Safe Harbor Act certification available here) handles the steps needed to complete the verification of the customers in the fastest and safest way possible. We gained another big achievement when we established an agreement with one of the safest Bitcoin wallets in the industry, GreenAddress: our exchange uses only multisig addresses and it allows zero-confirmation Bitcoin deposits, making it even faster to transfer the funds from your wallet to The Rock Trading.

During the first quarter 2018 we moved our operations from Malta to Italy (VAT IT10120840961) looking forward to pursue new exciting goals.

April 2018 TRT is fully operative in Italy.

Rock Website
Rock Whitepaper

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