CIRCUITS OF VALUE
CIRCUITS OF VALUE
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Type: Cryptocurrencies
Ticker: COVAL
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About

The COVAL Platform is being developed with a primary purpose of moving value such as crypto assets using “off-chain” methods. In other words, native crypto assets and tokens from other public and private blockchains enter the COVAL Sidechain Network where they can be flexibly, affordably and securely transacted using trustless models.

The focus of our technology revolves around the concept of sending "wallets" or "vaults" (containers of tokens and other forms of value) which are represented by Sidechain Assets called Emblems. Emblem Vault is our dedicated product under development.

Dat is a new p2p hypermedia protocol. It provides public-key- & sha256-addressed file archives which can be synced securely and browsed on-demand. Dat supports streaming updates and partial on-demand replication, and has plans for versioned URLs and efficient compaction.

Multichain is a Blockchain platform that COVAL uses for some of our purposeful sidechain ledgers.

We have considered Kadena's technology solutions to be an eventual part of the Coval Platform stack. Our talks with the team began in early 2017 as both of our projects were still very young. As Coval and Emblem advance and we start to focus on Enterprise or enhanced public network deployment strategies (including the need for smart contracts), we will look to Kadena.

The COVAL team is in talks with NuCypher to discover how our projects can collaborate since there are potential benefits and technology model overlap (trustless re-encryption).

Counterparty extends Bitcoin’s functionality by “writing in the margins” of regular Bitcoin transactions, opening the door for innovation and advanced features not possible with ordinary Bitcoin software. The Counterparty protocol is open source and extensively tested. Besides allowing users to create and trade any kind of digital token, Counterparty enables anyone to write specific digital agreements, or programs known as Smart Contracts, and execute them on the Bitcoin blockchain. Smart Contracts are a revolutionary technology which opens the door to endless possibilities. By using the Bitcoin’s decentralized ledger network and Counterparty’s built-in scripting language, real-world scenarios can now be transformed into code and executed automatically with no need for an intermediary.

https://coval.readme.io
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