Bitquence was kind enough to answer some questions for our first ever Whats Fizzing Q&A, we asked Shingo Lavine the founder of Bitquence (Learn More) about their tech, blockchain as a whole, and other insights into the crypto world. The Crypto Fizz team is really excited about what they are developing and the upcoming ICO, we think you will be as well.

 

What is Bitquence?

Bitquence is a people-powered cryptocurrency company making it easy and safe to interact with the new economy. Bitquence features a universal wallet with asset diversification features along with a Proof-of-Stake community consensus mechanism to give valuable insights to newer users. Using the liquidity generated from platform use, Bitquence aims to establish a digital liquidity network allowing value of any form to be quickly and easily transferred anywhere.

 

What inspired you to create this technology?

We believe in the power that cryptocurrencies and blockchain based technologies have to revolutionize computing and want to accelerate the adoption of the technology to improve the economy for everyone.

 

What’s the most important thing your team is working on right now, and how are you making it happen?

The team is working on building the universal mobile wallet and making one-click asset diversification a reality. Additionally, we have the Proof-of-Stake community consensus in the works that will allow users to earn rewards for staking tokens on the platform.

 

What characteristics do you look for when choosing your team?

We looked for talented individuals with skills in a variety of areas.
• Link is a skilled front-end engineer
• Pete is a IT, security and data center specialist
• Dennis is an awesome database engineer
• Maurice is an esteemed academic in distributed computing
• And many more…
Bitquence.com/team

 

What is the biggest mistake most blockchain entrepreneurs make?

Many think that everything needs to be decentralized and everything needs to be put on blockchain when it is simply not the case. Blockchain and decentralization are powerful tools that entrepreneurs now have available, but do not need to be applied to every situation. Ripple was initially a centralized system (and still is to an extent), but they are decentralizing more and more as they grow. This is a better strategy then trying to be entirely decentralized from the start.

 

What excites you the most about the blockchain?

It’s use as a universal ledger of truth. Using merkle trees you can validate massive amounts of data for integrity. Using smart contracts you can create decentralized applications that run independent of developers. I am very excited about what the future of blockchain holds!

 

What is some of the best advice you have received on Investing?

Get in and diversify. Over the long term, if you diversified properly, it doesn’t really matter where you bought in. When Mt. Gox crashed and bitcoin’s price fell from it’s high of over $1000, many thought the people who bought at the top would never get their money back. Now, many years later, if those same people held onto their assets, they would have doubled their money. Sometimes some exposure is better than no exposure.

 

If you were to invest in one cryptocurrency, besides your own, which would it be and why?

Monero. The open source community around it reminds me much of the early community around the Linux project and it has some of the most solid technical fundamentals I have seen out of many of the projects out there. I believe financial privacy will also become a concern for many people in the coming years.

 

What is your favorite Quote?

“The future is already here, it’s just not evenly distributed” – William Gibson, The Economist, 2003

 

Shingo Lavine – Bitquence
Learn more on their Website

Look for more Whats Fizzing Q&A articles in the future.

Jay – Connect with me