In fact, Rocket is several steps ahead of the hit HBO series. Uniquely in the blockchain space, Rocket promises to bring the benefits of a crowd-sale and its underlying blockchain technology to non-technical users, from consumers to small businesses to enterprises—no CS degree from Stanford required. The key to interacting with a blockchain, and thus the cornerstone of Rocket , is giving customers the wherewithal to execute Smart Contracts, using flexible templates designed for a range of use cases.

Via a partnership with CoinPayments, FUEL tokens can also be purchased using any of the 55 cryptocurrencies supported by that popular payment gateway. Etherparty is also developing an Enterprise API, which allows companies to convert existing business contracts into Smart Contracts with just a few clicks.

Blockchains are the perfect fundraising platforms for such businesses because the tokens received by crowd-sale investors have two purposes. Thanks to Rocket, creating Smart Contracts with conditions are simple. For instance, automating the distribution of funds is entirely governed by the rules Rocket lets a user set in the blockchain.

We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research DYOR. All you need for your research in one channel! Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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How EtherParty Works EtherParty works with the Ethereum blockchain , using one on the main network and one for a testnet. The testnet is used to test contracts by other users before they are deployed. There are also a number of load balancing nodes which helps avoid network congestion issues. EtherParty has been creating a library of smart contract templates. This makes it far easier for users to pick a template and create their smart contract.

All processing of the smart contracts and escrow will be done through the Ethereum Virtual Machine. They also state in their whitepaper that they are exploring the possibility of including other blockchains into the Etherparty ecosystem. Creating Smart Contracts Probably the best part of the EtherParty solution is that it will allow people with great ideas but no programming experience to build projects using smart contracts.

FUEL is used for management of the smart contracts, for fees, monitoring performance, managing the smart contract library, and any other costs in the ecosystem. This solution is called Rocket and it allows companies to bypass the time-consuming and expensive ICO process with a pre-built solution. The next development to be released will be called Comet and it is meant to be a platform for releasing securities tokens. In other words it will allow companies to digitize their stocks. Longer-term plans are for a charitable giving platform named Hero and a supply chain management solution called Saturn.

EtherParty Rocket As mentioned, Rocket is a platform that will allow people to launch their own token generation event without the need to hire their own developers. The benefit of this is that it means a project can get off the ground much more quickly and cost effectively. Essentially, Rocket will allow teams to create and execute the smart contracts that are required in order to launch these crowdsales.

They want the platform to be an end-to-end solution for the utility token space. It has also being designed to be user friendly so that non-developers and new users can interact with it and launch the crowdsale. How the Rocket Token Generation platform works Rocket launched in July of and the team has been testing it since then. If you wanted more information about Rocket then you can read more about it in this blog post. While the Rocket platform is interesting, it remains to be seen whether there will be demand to launch ICOs on it in the near term.

There is currently quite a bit of uncertainty in the market regarding the legal standing of ICOs and utility tokens in the eyes of global regulators. EtherParty Security One of the biggest concerns for project teams when outsourcing development is the security of the external code that they will be using. This is particularly relevant given the number of smart contract errors that have lead to substantial losses for projects.

EtherParty addressed these concerns in their whitepaper. For one, they make use of a modular architecture with separated storage contracts. These allow for your deployed contracts to be upgraded while still keeping the data preserved.

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