The Go Eco Group (LIBE) Forms Subsidiary BitWhisper, LLC for Blockchain Technology
January 24 2018 - 9:45AM
InvestorsHub NewsWire
Chester, NY -- January 24,
2018 -- InvestorsHub NewsWire -- The Go Eco Group Inc.
(OTC
PINK: LIBE) is pleased to announce that it has formed
BitWhisper, LLC, a wholly-owned subsidiary of The Go Eco Group,
Inc. dedicated to further developing and monetizing its proprietary
blockchain technology.
BitWhisper LLC is a
technology company based in the United States. Their primary focus
will be to allow for the transfer of video, pictures, or files on
the strongest encryption method possible.
"We believe that blockchain
technology has the potential to disrupt the current file storage
market. Our implementation of this technology could change the very
way that file storage is done” stated BitWhisper Chief Technical
Officer Daniel Jaros. "BitWhisper looks forward to be thee pioneer
in exploring the applications of blockchain-based technologies in
the file storage space.”
Data Parity
Tracking
Distributed ledger technology allows us to constantly track the
location of a user’s stored data as well as a running total of the
number of times that file has been copied for redundancy sake. This
allows for BitWhisper to ensure that our end users are fully
benefiting from our distributed storage solution without worry that
a specific node has disappeared.
As the blockchain works as an un-corruptible ledger, it also allows
for BitWhisper to ensure that files uploaded by the end user aren't
being bundled with malware by the miners. When a file is uploaded
via the BitWhisper client, the client compresses the selected file
with 2048-bit encryption, after the compression process completes
the total size of the object as well as the upload data is added to
the ledger. When the end user requests to download a copy of the
data, the block will challenge all available miners to ensure that
the file retrieved is the same file uploaded. Due to the nature of
the ledger, the block will check that the requested file matches
the file to the letter, including the total file size, creation
time, and other identifying factors.
Smart Data Redundancy
Use of the blockchain allows
for the development of smart data redundancy protocols that
automatically execute when certain parameters are met. For example,
the block can automatically detect when a miner has removed a
user’s stored data from its storage array and upon confirmation
that data was removed and reopen that job for new miners to bid on.
This kind of contract allows us to ensure that the users data is
always being backed up the specified number of times.
The smart contract has the potential to add substantial efficiency
and next level data parity to our p2p storage solution by ensuring
that customer data is always being properly stored for later
retrieval.
Should a user decide to pull their miner from the node, the smart
contract would ensure that that user's place is filled by a new
miner.
Supplementary Mining
As BitWhisper utilizes the
HDD and internet bandwidth of a mining rig as opposed to the CPU or
GPU, Whisper Coin miners can supplement their current coin earnings
without negatively impacting the performance of their miners.
Because of this low hardware overheard we expect a large number of
mining farms to begin farming Whisper Coin once our ICO goes live.
We believe that supplementary mining will become a critical
component when designing future mining farms as the difficulty of
mining certain cryptocurrencies continues to increase.
“We realize there’s a lot of recent blockchain technologies out
there, along with cryptocurrencies, “stated Brian Conway, CEO of
LIBE “We’d like to insure our investors that we have had third
party verification of our technology. We will continue to add
additional verifications as we introduce it to larger companies in
the upcoming weeks. With this new tech in our stable of products, I
believe we can soon address our remaining debt and grow outward and
upward.”
About The Go Eco Group
Inc.
The Go Eco Group Inc. is a
diversified energy services holding company delivering conventional
as well as non-conventional energy solutions throughout North
America. For its customers, Liberated is an energy products and
services company reducing the everyday cost of energy to its
clients. For its shareholders, Liberated operates and acquires a
diverse array of energy products and service companies with proven
revenues and operations. Its mission is to be the best small cap
energy services company of its kind in North America.
Safe Harbor for Forward-Looking
Statements: This press release may contain
forward-looking information. There are many factors that could
cause the Company's expectations and beliefs about its operations,
its services and service offerings, its results to fail to
materialize. All forward-looking statements in this press release
are based on information available to us as of the date hereof, and
we assume no obligation to update these forward-looking
statements.
Contact:
Brian Conway
CEO
The Go Eco Group
Phone: (845) 610-3817
http://theguardlite.com
www.quinsalesandmarketing.com