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Cryptocurrency Business Name Generator
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If you can't find your specific industry, pick the closest one. Enter any keywords that may be related to your idea or business. Choose from our suggested list, or enter your own keywords separate with commas. Learn More How It works Play video. Our favorite business name ideas generated by our community Use these expert-curated brand name suggestions to inspire brilliance or find the perfect brand name and purchase it instantly. Learn How Squadhelp Works. We believe that all brands deserve to have a great brand name The perfect name is within reach. Bitcoin Company Consider using a catchy name that customers love.
Crypto Trading Company Pick a name that builds trust in the minds of your customers. Crypto Exchange Platform Create a name that invites customers to do business with your company. Crypto Investment Company Find a great name that'll make your business shine in its industry. The key point to understand is that a currency, or token system, fundamentally is a database with one operation: subtract X units from A and give X units to B, with the provision that 1 A had at least X units before the transaction and 2 the transaction is approved by A. All that it takes to implement a token system is to implement this logic into a contract.
The basic code for implementing a token system in Serpent looks as follows:. This is essentially a literal implementation of the "banking system" state transition function described further above in this document. A few extra lines of code need to be added to provide for the initial step of distributing the currency units in the first place and a few other edge cases, and ideally a function would be added to let other contracts query for the balance of an address.
But that's all there is to it. Theoretically, Ethereum-based token systems acting as sub-currencies can potentially include another important feature that on-chain Bitcoin-based meta-currencies lack: the ability to pay transaction fees directly in that currency. The way this would be implemented is that the contract would maintain an ether balance with which it would refund ether used to pay fees to the sender, and it would refill this balance by collecting the internal currency units that it takes in fees and reselling them in a constant running auction.
Users would thus need to "activate" their accounts with ether, but once the ether is there it would be reusable because the contract would refund it each time. Financial derivatives are the most common application of a "smart contract", and one of the simplest to implement in code. The simplest way to do this is through a "data feed" contract maintained by a specific party eg.
NASDAQ designed so that that party has the ability to update the contract as needed, and providing an interface that allows other contracts to send a message to that contract and get back a response that provides the price. Given that critical ingredient, the hedging contract would look as follows:.
Such a contract would have significant potential in crypto-commerce.
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Up until now, the most commonly proposed solution has been issuer-backed assets; the idea is that an issuer creates a sub-currency in which they have the right to issue and revoke units, and provide one unit of the currency to anyone who provides them offline with one unit of a specified underlying asset eg. The issuer then promises to provide one unit of the underlying asset to anyone who sends back one unit of the crypto-asset.
This mechanism allows any non-cryptographic asset to be "uplifted" into a cryptographic asset, provided that the issuer can be trusted. In practice, however, issuers are not always trustworthy, and in some cases the banking infrastructure is too weak, or too hostile, for such services to exist.
Financial derivatives provide an alternative. Here, instead of a single issuer providing the funds to back up an asset, a decentralized market of speculators, betting that the price of a cryptographic reference asset eg. ETH will go up, plays that role. Unlike issuers, speculators have no option to default on their side of the bargain because the hedging contract holds their funds in escrow.
Note that this approach is not fully decentralized, because a trusted source is still needed to provide the price ticker, although arguably even still this is a massive improvement in terms of reducing infrastructure requirements unlike being an issuer, issuing a price feed requires no licenses and can likely be categorized as free speech and reducing the potential for fraud. The earliest alternative cryptocurrency of all, Namecoin , attempted to use a Bitcoin-like blockchain to provide a name registration system, where users can register their names in a public database alongside other data.
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The major cited use case is for a DNS system, mapping domain names like "bitcoin. Other use cases include email authentication and potentially more advanced reputation systems. Here is the basic contract to provide a Namecoin-like name registration system on Ethereum:. The contract is very simple; all it is a database inside the Ethereum network that can be added to, but not modified or removed from. Anyone can register a name with some value, and that registration then sticks forever. A more sophisticated name registration contract will also have a "function clause" allowing other contracts to query it, as well as a mechanism for the "owner" ie.
One can even add reputation and web-of-trust functionality on top. Over the past few years, there have emerged a number of popular online file storage startups, the most prominent being Dropbox, seeking to allow users to upload a backup of their hard drive and have the service store the backup and allow the user to access it in exchange for a monthly fee. However, at this point the file storage market is at times relatively inefficient; a cursory look at various existing solutions shows that, particularly at the "uncanny valley" GB level at which neither free quotas nor enterprise-level discounts kick in, monthly prices for mainstream file storage costs are such that you are paying for more than the cost of the entire hard drive in a single month.
Ethereum contracts can allow for the development of a decentralized file storage ecosystem, where individual users can earn small quantities of money by renting out their own hard drives and unused space can be used to further drive down the costs of file storage. The key underpinning piece of such a device would be what we have termed the "decentralized Dropbox contract".
This contract works as follows.
First, one splits the desired data up into blocks, encrypting each block for privacy, and builds a Merkle tree out of it. One then makes a contract with the rule that, every N blocks, the contract would pick a random index in the Merkle tree using the previous block hash, accessible from contract code, as a source of randomness , and give X ether to the first entity to supply a transaction with a simplified payment verification-like proof of ownership of the block at that particular index in the tree.
When a user wants to re-download their file, they can use a micropayment channel protocol eg. An important feature of the protocol is that, although it may seem like one is trusting many random nodes not to decide to forget the file, one can reduce that risk down to near-zero by splitting the file into many pieces via secret sharing, and watching the contracts to see each piece is still in some node's possession.
If a contract is still paying out money, that provides a cryptographic proof that someone out there is still storing the file. The members would collectively decide on how the organization should allocate its funds. Methods for allocating a DAO's funds could range from bounties, salaries to even more exotic mechanisms such as an internal currency to reward work.
This essentially replicates the legal trappings of a traditional company or nonprofit but using only cryptographic blockchain technology for enforcement. The requirement that one person can only have one membership would then need to be enforced collectively by the group. A general outline for how to code a DAO is as follows.