POE coin is a cryptocurrency that launched in January 2018. It is the first blockchain-based digital media network designed to track ownership and attribution of creative works.
Po.et is a cryptocurrency that uses the Proof of Existence concept to create a token that can be used for file storage and transfer.
Roy Levin’s work 15th of October, 2018
Have you heard of the POE Coin before?
No? Then you’ve missed out on a genuine crypto treasure.
POE is one of the few cryptocurrencies that is really doing something useful. Rather than merely minting money on the Blockchain, it is using it to address a real issue: piracy.
Yahoo and Vimeo, for example, have backed the initiative because of its unusual concept. Follow us as we look at why you should consider investing in the po.et currency as well.
What the POE Coin aspires to be
It is all too simple to plagiarize material. With a touch and a click, that fantastic blog article is suddenly yours. Isn’t it simple?
But only for a short time.
The POE coin aims to establish a digital licensing system that is both secure and efficient. Time-stamped information would be preserved for perpetuity by using the Blockchain’s immutable nature. Validating claims of authorship would be a breeze, and plagiarism would be a thing of the past.
Furthermore, a blockchain-based licensing system would be much quicker and more efficient than the present copyrighting system, making it simpler for writers and publishers to register their works and thereby increasing acceptance.
Yes, it would work with any kind of material, not only text. So there will be no more stealing memes.
Content discovery has become much easier thanks to the internet. You just enter your desires into the search box, and the jinn will search the internet for you. It worked perfectly.
Until it didn’t one day.
Too many individuals began to make the internet their home and began bringing their belongings with them. The whole area was soon filled with garbage, with the odd valuable item peeping through. Now we spend our days scouring the internet’s abyss, trying to find anything valuable.
Entire ecosystems have sprung up around the discovery and dissemination of this material, supporting Google and Facebook’s multibillion-dollar businesses. Even their experienced content analyzers, who are tasked with sorting through the avalanche of data, can’t get it right.
This is when the POE Coin enters the picture.
The POE Crypto will serve as the foundation for user-created markets that allow users to share and curate content for their following. Furthermore, greater user involvement would raise the value of these “tokens,” thereby indicating the content’s quality.
This one follows on from the previous two: if material cannot be readily stolen and found on the blockchain, monetizing it becomes a simple task.
By staking some tokens, creators will be able to build their own markets as well as participate in existing ones. If the material is popular, it generates income for the creator, who receives micropayments for each access request.
Above all, this would allow content producers to say goodbye to obnoxious ads and securely share their work.
On a blockchain, unlike social media, you can’t conceal anything. Every activity performed on the network leaves an indecipherable record that can be seen by anybody. As a consequence, malicious entities on the chain would be simple to detect, effectively controlling the network in the absence of centralized gatekeepers.
For ordinary users, this reputation will be beneficial, since it will gain them the community’s confidence.
How far has po.et progressed toward its objectives?
The po.et team has split their roadmap into eras. Each period represents a significant stage in the project’s development.
The project is now in the ‘Gutenberg Era.’ The Po.et network is now being scaled up by moving from the testnet to the Bitcoin Mainnet.
POE Coin will provide claim batching and an automated process in phase one, enabling production-level scalability to be implemented without being constrained by the underlying Blockchain. Following that, a thorough internal security assessment and protocol upgrades will be performed to guarantee the claims mechanism’s dependability.
The actual migration to the Mainnet, on the other hand, will be the focus of Phase II.
The transition will most likely be painless due to the broad range of tools that have already been created (Publisher/Poet, Frost API, etc.). Tools for transferring material from the testnet to the Mainnet will be provided over time, enabling content to be secured on the world’s most secure decentralized ledger.
The Age of Rosetta
Prior to the Gutenberg Era, the project’s main emphasis was on actually delivering a rudimentary version of its services. As a result, the Po.et network’s foundations were established during the Rosetta Era.
On the Ethereum Blockchain, the POE testnet was first created. This helped pave the way for the POE token sale, which raised over $10 million in cryptocurrency. The testnet also enabled the POE team to experiment with their protocol, enlisting alpha partners to better understand their customers’ requirements.
As a consequence, POE launched the Frost API, as well as a WordPress plugin that allows bloggers to date their articles.
The Ptolemaic Period was a time when Egypt was ruled by the Ptolemies
This is the starting point for everything.
People have long recognized the potential for Blockchain to be utilized for purposes other than money. Proof-of-Existence, or POE, was the initial step in this approach.
Users may establish a tamper-proof record of their intellectual property by hashing documents into the Bitcoin Blockchain. The concept was developed throughout time, resulting to the formation of the po.et foundation.
The POE technical team went to work after obtaining seed financing, releasing the alpha version of Poet Publisher.
Who is the project’s backer?
The po.et team has partnered with several industry giants to bring the idea to reality. Here are a few examples:
- Mike Fermano, Vice Media
- David Bailey and Tyler Evans of BTC Inc.
- Richard Titus, Samsung, Razorfish, and BBS
- Greg Clayman (Viacom, Fox, Vimeo)
- Anthony Di lorio, Ethereum, JAXX
- Bo Shen is the capital of Fenbushi.
- Steven Dakh, Ethereum, Smartwallet
- Jeremy Gardner, Augur, Blockchain Ed.
- James Heckman, Maven, Yahoo, and MySpace
- Jeff Garzik, BLOQ
- Tokenly, Let’s Talk Bitcoin: Adam Levine
- Matthew Roszak, BLOQ, Tally Capital
- Ad Ledger: Konstantin Richter, Blockdaemon
- Adam Helfgott, Madhive
- Esteban Ordano, Proof of Existence, Streamium, Dentraland
- David Lee’s Block Assets
- Simon Dixon’s BNK In The Future
- James Gong (Chain B)
What is Po.et and how does it work?
The Frost client and API are at the heart of the Po.et currency ecosystem. Frost serves as a link between web technologies and the POE network, enabling developers to quickly connect their products with the POE cryptocurrency.
As you can see, interacting with the blockchain directly is very challenging. As a result, blockchain-based goods are seldom utilized by the general public.
Po.et attempts to address this issue by offering a set of APIs that make calling the Blockchain easier. Frost allows the blockchain to be used like the Internet by encapsulating complicated functionalities in an easy-to-understand syntax.
The company behind the POE currency has developed a mobile app to make it more simpler for developers and publishers to register their content on the Po.et network. The Poet Publisher, which was created in cooperation with the community, allows anybody to utilize the Frost API to register creative works on the Blockchain.
What is the purpose of the POE Coin?
So, what function does the POE Coin play in this network? Allow me to explain.
Po.et is mainly a service for content certification. But it isn’t the only goal it has in mind.
The POE cryptocurrency aspires to be a full-featured content production, discovery, and monetization platform — a decentralized content marketplace, if you will.
However, this has its own set of issues. How do you guarantee content quality and relevancy in the absence of centralized “gatekeepers”? How do you keep plagiarized material out of your system? Most crucially, how can you indicate content’s inherent worth, separating the excellent from the poor without hiring a watchdog?
By making use of the POE token.
The fundamental concept is that the POE coin will serve as a quality money in a decentralized, economically controlled marketplace.
Marketplaces are just a collection of Po.et assets that have been carefully selected. Anyone will be able to establish their own rules and criteria for creating a marketplace.
This is when things start to get interesting.
Because each marketplace is a smart contract, it is also a token based on the POE cryptocurrency. The more its worth rises, the more popular it becomes, providing a financial incentive for curating useful material.
Furthermore, submissions to any market will involve the locking in of a specific amount of POE tokens, which will be seized if the marketplace’s rules are not followed. Spam submissions would be weeded out as a consequence, and marketplace voters would be rewarded for their curation.
Development Labs for Po.et
Unless a large number of people utilize a technical product, it is worthless. This is particularly true in the case of POE. Po.et has to build a critical mass of content producers on its network in order to become important.
As a result, the POE team has begun work on the Po.et development labs.
The Po.et Development Labs is a project aimed at increasing the adoption of the POE cryptocurrency by assisting and actively interacting with companies and platforms that want to use the Po.et network. While the project is still in its early stages, anticipate the POE team to take on additional tasks after the Mainnet switch is complete.
It would be difficult to include all of the individuals behind the POE currency in one article since there are 16 team members and over 51,000 community participants. As a result, we would restrict our investigation to the senior leadership.
CEO Jarrod Dicker
Jarrod Dicker is a well-known media figure. He was vice president of innovation and commercial strategy at The Washington Post before joining Po.et. He established RED, the company’s research and development division, when he was there.
He previously worked at RebelMouse, Time Inc., and The Huffington Post, where he managed product and technical teams. He’s also a consultant for MOGUL Inc, a worldwide women’s content sharing platform.
Eric Elliott, Vice President of Engineering
Not only that, but he’s also collaborated with Adobe Systems, The Wall Street Journal, and the BBC, to name a few.
Eric has grown software applications to tens of millions of users throughout his illustrious career. He has played an important role in a number of fast-growth startups and Fortune 500 businesses as a result of his mentoring skills and high technical standards.
Above importantly, his expertise with open protocol design and remote teams qualifies him to lead the POE crypto project’s decentralized architecture.
Head of Product, David Turner
For the last eight years, David Turner has been a pioneer in social publishing and technology. He is well recognized for creating user-friendly business software.
He was formerly the CTO of Guff Media and the Vice President of Technology at Unified, the social advertising platform used by Spotify, AT&T, and iHeartMedia.
David is particularly fond of startups that prioritize people above money, such as the Y Combinator-backed PageLever S11, which was purchased by Unified Social. He continues to assist a number of potential early-stage companies.
As a consequence, he has firsthand experience with the challenges of content credit, discovery, and distribution, leading him to join the po.et coin.
Should you invest in the POE cryptocurrency?
We generally avoid endorsing the positions of any specific crypto project for a good reason: cryptocurrencies are notoriously volatile. Your hard-earned money may be lost if the initiative you’re supporting now fails tomorrow. Always remember to do your own research before to embarking on any endeavor.
The POE crypto, on the other hand, is a very solid bet. Unlike other cryptocurrencies, its objectives are very important. Even more significantly, its goals are attainable and practical.
POE has guaranteed that it maintains a disruptive monopoly over its sector by establishing a niche for itself. No other crypto project comes close to achieving what Po.et is attempting, which speaks much about the uniqueness of its concept.
Above all, the project is supported by a strong staff with extensive expertise, and it is making significant progress every day. It will only be a matter of time until the full range of functionality is accessible, at which point the price of the POE token is certain to skyrocket.
Should you put your money into the POE cryptocurrency?
That is up to you, but hopefully this article has given you the information you need to make an informed choice.
How can I get my hands on a POE Coin?
The POE coin is currently just another Ethereum token. If you’ve traded Ether-based tokens before, you should have no trouble getting your hands on some POE Coins. For the rest of you, we’ll be releasing a comprehensive purchasing guide very soon, so stay tuned!
In today’s environment, most cryptocurrencies are venturing into well-traveled territory. Such cryptos diminish their chances of ever finding success by jostling in an already crowded field.
In comparison, the POE crypto takes its own course. Rather than forcing the Blockchain into financial applications, it is used in a manner that it naturally suits. It also combines this fundamental concept with a lofty but attainable goal: to alter the way we discover and consume information.
As a result, the POE Coin is one of the most mature and well-thought-out crypto projects available, unmatched by any of its competitors. Even if the cryptocurrency market as a whole collapses, the Po.et coin may be able to endure and even flourish.
Visit TotalCrypto.io for more information.
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We’ve put together a list of some of the most important sites related to the Po.et currency.
Wallets for Po.et Coin Cryptocurrency that are the safest
A hardware wallet is the safest method to keep your money. Trezor and Ledger are the two major brands, and we highly suggest both. If you’re having trouble deciding between the two, check out our Trezor vs Ledger comparison.
What Are the Best Free Wallets?
Because POE currency is an ERC-20 token, it may be stored in any Ethereum wallet. Here are our top two picks:
? Po.et’s Best Crypto Tracking App
DISCLAIMER: The activity of the cryptoassets discussed in this paper is uncontrolled. This post is not intended to provide financial advice. Always do independent research.
Review of the po.et coin
A comprehensive overview and analysis of the Po.et coin.
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The po et crypto news is a cryptocurrency that has been on the market for a while. It was created in 2017 and it’s goal is to create an open, decentralized ecosystem for digital creative assets.
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