link2793 link2794 link2795 link2796 link2797 link2798 link2799 link2800 link2801 link2802 link2803 link2804 link2805 link2806 link2807 link2808 link2809 link2810 link2811 link2812 link2813 link2814 link2815 link2816 link2817 link2818 link2819 link2820 link2821 link2822 link2823 link2824 link2825 link2826 link2827 link2828 link2829 link2830 link2831 link2832 link2833 link2834 link2835 link2836 link2837 link2838 link2839 link2840 link2841 link2842 link2843 link2844 link2845 link2846 link2847 link2848 link2849 link2850 link2851 link2852 link2853 link2854 link2855 link2856 link2857 link2858 link2859 link2860 link2861 link2862 link2863 link2864 link2865 link2866 link2867 link2868 link2869 link2870 link2871 link2872 link2873 link2874 link2875 link2876 link2877 link2878 link2879 link2880 link2881 link2882 link2883 link2884 link2885 link2886 link2887 link2888 link2889 link2890 link2891 link2892 link2893 link2894 link2895 link2896 link2897 link2898 link2899 link2900 link2901 link2902 link2903 link2904 link2905 link2906 link2907 link2908 link2909 link2910 link2911 link2912 link2913 link2914 link2915 link2916 link2917 link2918 link2919 link2920 link2921 link2922 link2923 link2924 link2925 link2926 link2927 link2928 link2929 link2930 link2931 link2932 link2933 link2934 link2935 link2936 link2937 link2938 link2939

COSS.IO — Introducing Simplicity to Cryptocurrencies

COSS.IO: Introducing Simplicity to Cryptocurrencies

 

Simplicity to CryptoCurrencies

A crypto-one-stop-solution platform, COSS for short, is officially deployed in beta today. The platform merges the most popular cryptocurrency services, e.g. a wallet service, an exchange, a merchants’ platform, into a shared virtual space, in which cryptocurrency customers and merchants can meet and interact. Developed by an international team headquartered in Singapore under C.O.S.S. PTE LTD license, the COSS platform was first introduced as a final examination project that the CEO of the company, Rune Evensen presented to the committee of the MIT Fintech course in 2016. That was the first draft of a gigantic project that would hardly see the light of day, if it hadn’t received the support of the participants and the experts of the course.

A very thorough plan for COSS was designed shortly after the course finished, with the project kickoff scheduled for December 2016 followed by the testing phase in the beginning of the year 2017. Since then, layer by layer, the platform came to live. The developers’ team nicknamed COSS the “living” project, as it has no end-destination point and can last forever like the internet itself, with more and more startups being added with the time.

In February 2017 the white paper was published on coss.io homepage outlining the technical specifics of the platform. Having learned from the mistakes of the cryptocurrency pioneers such as bitcoin, the developers of COSS focused on the security of the platform and implemented the platform on top of the Ethereum blockchain. The main idea behind COSS is the creation of a single user-friendly ecosystem suitable for mass adoption and non-technical users, which would combine crypto and fiat currency services, available for customers with a single registered account all in one place.

"Redefining simplicity has been on our mind since day one, and we truly believe that COSS can make it a lot simpler for any average Joe out there to enter the world of cryptocurrencies and blockchain-related products and services,". Upon its soft launch in beta, the COSS platform has an exchange with payment gateway/POS system running. In the nearest future, the following features will be setup: a crowdfunding tool, an ICO platform, 3rd party provider plugins, market cap and coin overviews, a blockchain forum, a remittance and a payment gateway.

The native currency of the COSS platform VEROS, is implemented as an Ethereum smart contract, which governs the validation, the distribution, the value and the ownership of the tokens. Apart from VEROS, the platform will support the most widely-used cryptocurrencies that customers will be able to convert to fiat via the COSS exchange service. A lot more features will be added to the platform during the next phase of development. "I would like to personally thank all the involved parties that have contributed endless hours to this project. Although we are just getting started, it is a huge MILESTONE for us to finally go live,"

About

COSS stands for Crypto-One-Stop-Solution and represents a platform which encompasses all features of a digital economic system based on cryptocurrency. The COSS system consists of website payments, seller tools, a marketplace, financial module, e-wallets, coin facilities and a mobile platform. The platform unifies the most popular crypto and fiat currency services, e.g. exchanges, payrolls, wallets, acquisitions, and transactions. VEROS is a secure and transparent cryptocurrency, launched in October 2016, and implemented on the Ethereum blockchain as a smart contract. VEROS is designed specifically for massive adoption and everyday use.

Chuck Reynolds
Contributor

Alan Zibluk Markethive Founding Member