MARCO SABA: VI RACCONTO EQUACOIN (video)

Presentazione EquaCoin - 24 ottobre 2017

EquaCoin.com - Innovating Security

PRESS RELEASE: 
EquaCoin.com - Innovating Security



One of the major goals of blockchain since it was originally conceived has always be security.  A lot of attention has been paid to assure both parties that no one can pry into their affairs, but what about access.  Yes, there are two key configurations, and some "secure" websites require a series of id verifications to open an account. These are wonderful, and go a long way to providing security; but really, they are nothing that isn't already a pretty common practice.  Equacoin is ready to make a change.

While Equacoin plans to offer a lot of things that people are growing in use to when exchanging and trading, and they also plan to solve some issues that are beginning to show; Equacoin wants to take security to the next level.  The next big leap is biometrics. 

EquaCoin's idea is to build an innovative monetary instrument; in particular we focus here on the monetary policy of issuance of the currency and the way it is distributed.  Aside from the fact that EquaCoin will be bought and sold in exchange for other currencies and cryptos, the issuance mechanism is governed by a democratic consensus from the people who have downloaded the Equacoin APP.  

This wallet will be available just before November 3, 2017, just in time for the initial crowdsale.  The very first time you download the wallet you will find one EquaCoin inside: it is our welcome gift to all new users to our blockchain platform. 

To activate the wallet you must provide your identification data because the system is not anonymous. Individuals who register with Equacoin are restricted to only one account per person, will comply with KYC/AML regulations, and have multiple tiers of biometric authentication associated with their account.

Cryptocurrencies have long had the problem of the individuals losing access to their private keys and other credentials, or the physical device it was stored on. With EquaCoin, the coins you have from the EquaCoin ecosystem, or any other cryptocurrencies stored on your wallet, can be accessible even with the loss of a device or private key.

No fault or loss: With multiple tiers of verification, biometrics and other features to safeguard your wallet, our guarantee is that if your wallet belongs to you and you are locked out - we can use our secret sharing algorithm that has all your identity framework to verify you and give you access back. 

The broken pieces of this algorithm will be stored across the blockchain and associated with a customer and their credentials using their biometric data such as fingerprint, face recognition and a location log. This will ensure that we are in compliance with the current and future regulations from Finma, SEC and other comptroller bodies.

World premiere in Rome of EquaCoin, the virtual coin presented in defense of democracy

World premiere in Rome of EquaCoin, the virtual coin presented in defense of democracy

   A ten gram silver EquaCoin will be 
   coined for the guests at the party


There will be an official presentation by EquaCoin in Rome, Marco Saba's and Giovanni Ciallella's cryptocurrency, which promises to "change the world a coin at a time". At Palazzo Ferraioli, on October 24, the economist Marco Saba, an expert in banking systems and monetary instruments, will illustrate the fair, transparent and participatory money project that will introduce more democracy in the money market decision-making mechanisms.

Rome, October 16, 2017. The third generation of electronic money, which will enable everyone to participate and choose the initiatives to be funded in a more democratic and transparent market. EquaCoin is the innovative monetary instrument created by Marco Saba and Giovanni Ciallella, which will be officially launched in Rome on October 24th, in the prestigious Palazzo Ferraioli.

A non-centralized and non-anonymous currency, such as that created by current banking systems, will leave a registered cadastral record and will be implemented through a process of direct democratic vote by users, with the "one head, one vote" system. The denomination, derived from "Equality" and "Coin", aims to emphasize the purpose of the new exchange instrument: to allow anyone to have a single coin to vote on a project, to fund and actively participate in the decision-making dynamics of the market.

EquaCoin will also be KYC (know your client) and AML (anti money laundering) compliant, anticipating the requirements that will be put in place by 2018/2019 by various European, American, and Asian governments. A Biometric Recognition System will enable everyone to have greater security for their electronic portfolio and in the event of a loss or theft of their phone, the system will be able to restore the account to a new device exactly as it was in the last position before the event happened.

"EquaCoin's technological management is transparent, economical, open source and easily verifiable by anyone," said Marco Saba in his earlier speech to explain how their virtual currency works. The idea behind EquaCoin is that the nature of the money that a community uses is reflected on the behavior of the society itself and that, if a society is corrupt, it will promote a corrupt monetary system in a reflexive fashion. The crucial issue in these years of financial crises and bank scandals, the need for an "honest" coin that could be traced, accessible to everyone and freely adaptable, has pushed Saba and Ciallella to design their virtual currency.

EquaCoin green marked by Waves Platform

EquaCoin Banner on BeppeGrillo's Blog in Italy:

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