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May 27, 2018 . 4 min read

Storecoin Begins Testing on BlockFin’s ‘Feed & Follow’ Design

Highlights

  • BlockFin Consensus Engine consists of a two-tier peer-to-peer network
  • Only nodes with proof of stake and KYC/AML verification are recognized by the network
  • Validators participate in the transaction and block validation process and Messagenodes provide storage and bandwidth services.
  • Nodes use the familiar “follow” model to get the information they need during the transaction and block validation process
  • The design can be compared with the function of a social media network

Two-tier BlockFin network

KYC/AML checks are required for securities law compliance. This will be a Reg D and Reg S global offering.

DISCLAIMER

Nothing herein is intended to be an offer to sell or solicitation of offer to buy, Storecoin tokens or rights to receive Storecoin tokens in the future. In the event that Storecoin conducts an offering of Storecoin tokens (or rights to receive Storecoin tokens in the future), Storecoin will do so in compliance with all applicable laws which may include the Securities Act of 1933 and the rules and regulations promulgated thereunder, as well as applicable state and foreign law. Any offering for sale to US Persons in a regulated transaction will be pursuant to a registration statement qualified by the Securities and Exchange Commission, or an applicable exemption from the registration requirements.