Nvelop is a financial group focused on developing the future of the financial ecosystem by leveraging the efficiencies of Blockchain technology. Partnering with industry leaders in blockchain, Nvelop Holding partners with R3VLab to launch the first Security Token Platform based on Proof of Capacity and FPGA technology. This initiative is the first of its kind in the Middle East, bringing the United Arab Emirates to the world stage in line with the future blockchain initiative of Sheikh Mohamed Bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE, and ruler of Dubai.
Earlier this year Nvelop Holding and Bithumb, the leading South Korean cryptocurrency exchange announced their plans to launch the 1st fully regulated cryptocurrency exchange in Abu Dhabi Global Market, with goals of become the largest crypto-exchange in the Middle East.
With the exchange platform Nvelop Holding plans to bring deep liquidity but also cutting edge technology to the United Arab Emirates and greater GCC. Nvelop plans to list POC coins such as BXTB, BURST on the exchange platform, to allow access to the technology with greater accessibility.
What is POC and what are the benefits?
Proof-of-Capacity makes no compromise:
It is inherently secure
• Proof of Capacity uses only a small part of the physical hardware; the hard drive, making it easier to secure than the entire computer system as used by Proof of Work and Proof of Stake.
• Infinitely greener than Proof of Work. Each transaction on the BTC network consumes around 1000 KWh. A transaction on the Burst network consumes no more than 0.0024KWh. A factor of 400,000
• HDD’s are relatively inexpensive, while anything with flash memory or some hard disk space, even a handphone, can be used for PoC mining.
• Currently PoC is able to process around 80 TpS, increasing in accordance with the increase of the network. Truly decentralized.
The year of 2020 will be the showcase for United Arab Emirates with Expo2020, where the world will come together to the city of the future. Nvelop Holding is positioned to invest resources to showcase its partners in the emerging asset class of cryptocurrency and blockchain technology with R3VLab.