themis decentralised blockchain payment
Cryptocurrency

Themis – Decentralized Digital Currency Escrow – The $GET Airdrop is here

The $GET Airdrop is here

Themis Network is offering an airdrop to select EARN.com users. Each user can earn 125 GET tokens (equivalent to $10), The tokens will be airdropped after the token sale, on May 5th.

Blockchain-based digital currencies are of radical importance in today’s trading activities. As a result, a number of digital currency exchanges were founded and their usage is exploding. At the same time with the rise of a tokenized economy, more and more countries such as Japan, Germany, and Australia, are accepting cryptocurrency payments. There is huge potential that the market will continue to expand globally and accept the commercialization of
digital currency.

Currently, most digital currency exchanges and peer-to-peer transaction providers focus on ensuring the security of transactions but pay little attention to fairness. For example, HTLC (Hashed Time-lock Contract), a widely-used atomic exchange technology, is vulnerable to denial of service (DoS) attacks. Attackers may launch DoS attacks in the period of time-lock to make the counterparty unable to obtain a refund in a specific time.

Meanwhile, during the process of trading between the digital currency and goods, buyers prefer paying to the seller after the goods are received, whereas the seller has an opposite preference in mind. This situation means the transaction and delivery are unable to take place at the same precise time, it can be difficult to achieve atomic exchange with the guaranteed fairness. A common solution is resorting to a trusted third-party to achieve fairness,
however, this solution is not entirely satisfactory due to previous failures. There have been several Bitcoin exchanges and online markets (such as Mt.Gox, Coincheck) attacked by hackers. For decades, fair exchange protocols have been extensively studied.

However, the recent emergence of blockchain takes fair exchange protocols to a renaissance.

We developed Themis 1 , a fair exchange system for digital currencies. Based on blockchain technology, Themis provides a decentralized digital currency escrow service to provide fair exchange services among digital currencies, digital assets, and physical goods. Themis leverages a novel group escrow protocol, along with threshold encryption, anonymous reputation mechanisms, non-interactive zero-knowledge proof, high performance digital signature algorithms, in order to provide atomic exchange with guaranteed fairness. Also, Themis is able to mitigate DoS attacks, and provide privacy for all peers.

About Themis

Themis provides a decentralized digital currency escrow service to provide fair exchange services involving digital currencies, digital assets, and physical goods. Themis leverages a novel group escrow protocol, along with threshold encryption, anonymous reputation mechanisms, and high performance digital signature algorithms, which allow atomic exchanges with guaranteed fairness.

The Themis leadership team is led by Hongwei Meng (PhD computer science, Peking University) and Ennan Zhai (Yale University Associate Professor, PhD in distributed systems). Investors include Shen Bo, founding partner of Fenbushi Capital and Genesis, as well as Consensus Capital, Happy East Capital, and Fengshui Capital.

 

Get your FREE $GET Tokens

 

Learn more about Themis here:

Website

Whitepaper

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