Open and decentralized
Our protocol is engineered in such a way that the service provider cannot access users’ communications. But the service provider can still prevent the user from accessing its data. That is why we offer, for free, the hosting software to anyone that wishes to host account(s) themselves. This software can be used to host the accounts of all users within your organization, to become a service provider and sell hosting services to organizations and individuals, or, to host your personal account. No special internet connection is required, no dedicated IP address and no specific hardware are needed.
On the road to
Less user involvement with blockchain and tokens is of upmost importance for product adoption.
Blackwave users don’t need an Ethereum address, to purchase and hold Ether or have any knowledge whatsoever about the inner workings of the blockchain.
Users simply pay a monthly fee to their host. The host then maintains an Ethereum address, purchases and stores Ethers and use them for their clients when they need it.
The Blackwave Directory
Blackwave uses the Ethereum blockchain as a decentralized directory for users. To be discoverable by peers, users must publish their address on the directory. This is done by their host and includes a fee in ETH that has to be sent to the smart contract.
The address, once registered, is valid for life. However, users, through their hosts, need to pay a fee to the smart contract for their address to remain active. If a user doesn’t pay the fee for some years, the address becomes inactive but remains reserved and can be reactivated at any time simply by compensating the fee on the blockchain.
Address registration and first year fee cost 2.40€. Yearly renewal costs 2.40€.