Join Our Mailing List
Sunday December 03, 2023
Bitcoin (BTC) $39,401.56   Ethereum (ETH) $2,157.55
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Vendor Technology

New 50/50 fundraising app from eXeBlock set for Q2 launch

Published by CryptoNinjas.net
04/24/2018
New 50/50 fundraising app from eXeBlock set for Q2 launch

eXeBlock, a designer of custom, state-of-the-art blockchain based software applications today announced it will deliver its new decentralized application (DApp) capable of scaling to tens of thousands of transactions per second (TPS), providing a powerful new tool to the fundraising sector. eXeBlock will earn revenues on a per-transaction fee basis.

Following a successful trial, 5050Labs is set for a Q2 launch, the product will be used to place the popular 50/50 fundraising concept onto a platform that runs on a public blockchain. It will enable eligible non-profit organizations to execute global fundraising campaigns in a provably fair, transparent and auditable manner.

A desktop version of the DApp will go live on the Peerplays blockchain in May 2018 with support for other platforms to follow. A mobile version is scheduled for release before the end of Q2.

This will be followed by eXeBlock’s Freedom Ledger, set to launch and integrate with 5050Labs by Q3 2018, which allows users to automatically convert debit and credit card payments to cryptocurrencies including Bitcoin.

Ian Klassen, President, and CEO of eXeBlock Technology Corporation commented:

“5050Labs is an innovative product that has the capability to scale internationally and will empower non-profits to fundraise in ways never before possible. We also expect the technology eXeBlock has developed to have compelling use cases across several sectors, and we are exploring these possibilities.”

DApps combine back-end code run on a blockchain with a front-end graphical user interface (GUI). Unlike traditional mobile applications, DApps have no central operator collecting users’ data and no central server that can be targeted by hackers. These features make DApps appealing for both users and service providers at a time when the public is increasingly concerned about online privacy issues.

eXeBlock’s DApps will be further differentiated from other blockchain competitors by their scalability, allowing tens of thousands of TPS, compared to 5 – 15 TPS commonly seen on the Bitcoin and Ethereum blockchains.

The back-end code for 5050Labs was first released on TestNet in January 2018 with the intent of receiving user feedback from the developer community. The product represents over 6,600 hours of research and development time to date.

The proprietary technology developed by eXeBlock for 5050Labs can also be modified to support other e-gaming applications. Until now, a lack of scalability has prevented the adoption of blockchain technology in the e-gaming and lottery markets. eXeBlock is open to working with public lottery operators and private developers in the future.

20
SHARES
SubscribeE-MailXFacebookWhatsappTelegramRedditLinkedin

Related News

eXeBlock names new President and Chief Executive Officer

06/25/2018
eXeBlock names new President and Chief Executive Officer

eXeBlock, a designer of custom, state-of-the-art blockchain-based software applications announced today that the Board of Directors has appointed Mr. Jamie Davison as the new President and Chief Executive Officer of the company, effective immediately....

Read more

eXeBlock to begin development of bitcoin payment sidechain

05/01/2018
eXeBlock to begin development of bitcoin payment sidechain

eXeBlock, today has announced the development of a blockchain sidechain that will allow all bitcoin owners direct access to the company’s decentralized applications (DApps) and DApps being developed by third-party developers. eXeBlock has invested...

Read more

Blockchain company eXeBlock led by PeerPlays founder acquired with plans to go public

08/21/2017

It was announced today that 1040433 B.C. Ltd. entered into a Letter of Intent (LOI) dated on August 16, 2017, relating to the acquisition of private Canadian corporation eXeBlock Technology Inc. The acquisition will...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Yubo Ruan: Revolutionizing Web3 With A Web3 Super App

Yubo Ruan: Revolutionizing Web3 With A Web3 Super App

11/28/2023
Top 5 Sauciest Non-Fiction Books on Crypto & Blockchain

Top 5 Sauciest Non-Fiction Books on Crypto & Blockchain

11/29/2023
4 Things We’ve Learned About Owning Bitcoin in 2023

4 Things We’ve Learned About Owning Bitcoin in 2023

11/13/2023
Global Brain invests in Omise, creator of crypto ecosystem OmiseGO

Global Brain invests in Omise, creator of crypto ecosystem OmiseGO

10/22/2018
Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

Cryptocurrency Payments for Insurance: Are Insurance Companies Really Embracing Bitcoin and Altcoins?

11/20/2023
4 Things We’ve Learned About Owning Bitcoin in 2023

4 Things We’ve Learned About Owning Bitcoin in 2023

11/13/2023
Fuse Network welcomes Liquify as new blockchain infrastructure partner

Fuse Network welcomes Liquify as new blockchain infrastructure partner

10/02/2023
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy