About Cilvin
Thank you for the professional and prompt response. I went to look for answers to my questions and quickly realized that the info I was requesting was very easy to find. As were the instructions. In fact everything has been perfect so far. This is by far the most well supported hosting I have ever had the pleasure to work with. Lots of wonderful Tools. I wished I had found you before I spent money on a competitors. After a poor experience with some web hosting providers over the past 4 years drove to find a real hosting provider company. Cilvin provide with your hosting solution that is fast, flexible and reliable for your business.
I couldn’t recommend their support and great services enough. There exists a vast array of assets in the world which people freely choose as a store-of-value, a transnational medium, or an investment. Cilvin believe the XDC blockchain is a better technology for transacting, storing, and accounting for these assets. Most estimates measure global wealth around 250 trillion dollars with much of that being held by banks or similar financial institutions. The migration of these assets onto the XinFin Network (XDC) blockchain represents a proportionally large opportunity.
Some Quick Facts Cilvin Web Hosting
| Cilvin | Basic Details |
|---|---|
| Hosting Name | Cilvin |
| Price | € 49.33 |
| Support | 24/7 |
| English | English |
| Email Support | support@cilvin.com |
| Call Support | +1 646 755 9895 |
| Official Website | Click Here To Visit |
Price
Electronic payment system
Cryptocurrencies were created as “an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party”. Cilvin Common explanations for the current limited mainstream use of cryptocurrencies include volatile price swings, inadequate mass-market understanding of the technology, and insufficient ease of use for non-technical users.
They created a new class of digital currency, a decentralized digital currency or cryptocurrency. Some of the primary advantages of cryptocurrencies are low transaction costs, international border less transfer ability and convertibility, trust less ownership, and exchange, pseudo-anonymity, real-time transparency, and immunity from legacy banking system problems.
Technology Stack and Process
Each Cilvin issued into circulation will be backed in a one-to-one ratio with the equivalent amount of corresponding fiat currency held in reserves by NOTA. As the custodian of the backing asset, they are acting as a trusted third party responsible for that asset. This risk is mitigated by a simple implementation that collectively reduces the complexity of conducting both fiat and crypto audits while increasing the security, provability, and transparency of these audits.
Proof of Reserves Process
Proof of Solvency, Proof of Reserves, real-time Transparency, and other similar phrases have been growing and resonating across the cryptocurrency industry. Exchange and wallets audits, in their current form, are very unreliable. Cilvin Insolvency has occurred numerous times in the XDC ecosystem, either via hacks, mismanagement, or outright fraud. Users must be diligent with their exchange selection and vigilant in their use of exchanges. Even then, a savvy user will not be able to fully eliminate the risks.
Further, there are exchange users like traders and businesses who must always keep non-trivial fiat balances in exchanges. In financial language, storing value with a third party is known as the “counterparty risk”. Cilvin Proof of Reserves configuration is novel because it simplifies the process of proving that the total number of NOTA in circulation (liabilities) are always fully backed by an equal amount of fiat currency held in reserve (assets).
Implementation Weaknesses
Cilvin understand that your implementation doesn’t immediately create a fully trust less cryptocurrency system. Mainly because users must trust and your corresponding legacy banking institution to be the custodian of the reserve assets. However, almost all exchanges and wallets (assuming they hold US$ or fiats) are subject to the same weaknesses. Users of these services are already subject to these risks. Therefore, users of these services are already subject to these risks. Below they describe how each of these concerns are being addressed.
