Tierion

Overview of Tierion

Tierion recently raised $25 million USD in an Initial Coin Offering (ICO) for
their Tierion Network, advertised as a “universal platform for data
verification”; a less bombastic description could be to say that the Tierion
Network supports a timestamping service, Chainpoint.

Tierion also undertakes to provide compensation to current holders of TNT who purchased in the token sale or in the secondary market, or who received TNT as a reward from Tierion, and to those who purchased TNT in the token offering and later sold at a loss.

Tierion has agreed to return funds to harmed investors, pay a $250,000 penalty, and disable trading in its ‘tokens’ … Tierion raised approximately $25 million through the sale of ‘Tierion Network Tokens’ (TNT) in July of 2017.

Tierion works by creating a proof that links data to a transaction on a blockchain through a process called “anchoring.” Anyone with this proof can verify the data’s integrity and timestamp without relying on a trusted authority.

Tierion claims to use the NIST Randomness Beacon, an
experimental service from the National Institute of Standards and Technology
that periodically creates unpredictable time, nonce tuples, signed by NIST, on
a regular basis.

Tierion Chief Executive Wayne Vaughan explained that not all companies want to take advantage of the security a blockchain platform can provide, but they don’t have the resources to build their own blockchain.

Tierion tackles this issue using a technology known as Chainpoint, which enables people to prove when information was produced, and if any modifications were made to it after its creation.

Tierion is profiled as a blockchain "Solution Provider" in OWI's latest whitepaper, entitled "Blockhain and Identity in 2018: A Year of Promise and Pilots."

Tierion was the first company to make it possible to anchor data to the blockchain in a scalable fashion, which should lead to applications across a wide variety of industries.

Tierion has joined the League of Entropy , along with other industry leaders which include Cloudflare and Protocol Labs , to run drand , a distributed randomness beacon.

Blockchain

Our blockchain and identity podcast series continues this week, as Tierion founder and CEO Wayne Vaughn speaks with OWI Senior Analyst Simeon Beal about how Tierion uses blockchain to enhance existing applications, instead of forcing companies to build software on a radically new platform.

Network

Companies and individuals can use Tierion to add blockchain timestamp proofs to data and digital documents.It can also be used to prove the accuracy and existence of accounting records.It can be used with IoT devices to guarantee the timestamp and integrity of collected data.On its website, Tierion outlines multiple other use cases for the network and “proof engine.” Businesses can use it to create an audit trail that shows an immutable history of their processes.Tierion can be used to create credentials that are verifiable by the blockchain, something useful for educational institutions, awards, and more.Tierion even has potential applications with regulatory compliance since it allows you to prove to regulators that documents and data have not been altered.

Support

And just like how many investors own both Lowe’s and Home Depot, I think the space is big enough to support both Factom and Tierion.

How Does Tierion Function?

To work, Tierion creates a proof that connects data with a transaction on a blockchain via what it calls anchoring.Thanks to this proof, anyone can verify the timestamp and integrity of the data without any need for an additional trusted authority, like a notary.Tierion provides the ability to anchor into both the Ethereum and Bitcoin blockchains.

What Are Some Applications of Tierion?

Well before the company’s token sale in summer 2017, Tierion had achieved a great deal.The company launched in June 2015, and by the time of the token sale, it already had a collaborative relationship with Microsoft for data integrity and attestations.Tierion has worked with Philips in IoT data provenance, Blockcerts in credentials that can be verified by the blockchain, and Verifai for machine learning auditability.

What hashing algorithm does Tierion use?

Tierion is a coin that uses the ETH Token algorithm.

#3 – How to buy and store Tierion?

Tierion uses its token TNT as a means of settlement between two or more parties on the network.It is also used as an incentive to encourage the participants to operate the network.Node operators, for instance, are compensated through TNT tokens for their work.

How did the settlement turn out for you?

My claim has been processed and I'll receive $ 0,072 per token.

What Is Proof?

Proof is the part of Tierion that businesses can use, letting them prove the timestamp and integrity of their data without needing a notary or other trusted third party.The proofs are verifiable in an independent manner forever, meaning companies do not have to waste resources on a middleman.Proof relies on the Chainpoint Network, which allows it to function on the global scale, offering millions of proofs daily.It is also quite simple to use, allowing businesses to get started within clicks.It will launch soon, and you can sign up to be notified when it does.

What is the value of Tierion?

One Tierion (TNT) is currently worth $0.14 on major cryptocurrency exchanges.You can also exchange one Tierion for 0.00000249 bitcoin(s) on major exchanges.The value (or market capitalization) of all available Tierion in U.S.dollars is $60.76 million.

How do I verify the existence in the Blockchain?

I guess you may be thinking, but what are these merkle root, transaction id, and proof values that Tierion is returning? How can all this act as a proof of existence?.

Steel Manning: What if the UUID was just a handle?

While I could stop here, let’s instead steel man
the Tierion design: What if Tierion fixed their protocol by making the
hash_id be only a handle for retrieving a timestamp? After all, Tierion
does claim that one of the functions of the hash_id is as a handle for
retrieving a future proof; let’s improve the protocol by making it the only
function.

What Is Chainpoint?

Chainpoint is the aspect of Tierion for developers.The team markets it as the open standard when it comes to linking data with the blockchain to make a timestamp proof.It is also the fastest and largest network that lets you anchor data to the blockchain.It can be used for many of the above applications and includes developer tools, such as the Chainpoint Node API, Chainpoint Client Library, and Chainpoint CLI, plus the ability to run a Chainpoint Node.Chainpoint is also the very first service found on the Tierion Network and the technological foundation for other Tierion services.

What is Tierion?

Complete verification of data and documents is indeed quite a challenging affair.While there are standard procedures for doing this, these are sometimes dated and have not kept up with the pace at which technology moves.Tierion is trying to make use of immutable blockchain technology to verify this data.

How do I buy Tierion?

It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Tierion.

What is Tierion?

Tierion brings advantages of blockchain technology into the field of data transparency.When medical records, online purchases, and supply chains are written within the blockchain, it’s much easier to verify them and check their provenance.

What is the Reddit page for Tierion?

The official Reddit community (subreddit) for Tierion is r/tierion.

What coins are similar to Tierion?

The following coins use Tierion’s ETH Token algorithm and proof-type: Chainlink, THETA, Binance USD, DREP, DREP [old], PancakeSwap, Aave, FTX Token, Maker, Huobi Token, Crypto.com Coin, Dai, Polygon, Chiliz and Holo.

What is Tierion?

Use the blockchain as a global platform to verify any data, file, or business process.Developer tools & API to anchor data in the blockchain.

How to integrate Tierion Hash API?

I want to integrate Tierion Hash API with PHP, but I’m beginner and I don’t kwon how to start…

What is Tierion?

Tierion is a platform for data verification.Tierion works by creating a proof that links data to a transaction on a blockchain.This is called anchoring.Anyone with this proof can verify the data’s integrity and timestamp without relying on a trusted authority.

Where can I get Tierion wallet?

Tierion produces its own wallet software that is available for download on its website, which allows you to store Tierion on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What’s It Worth?

In the last crypto bull market, the whole market traded together.In other words, the bull market took all projects — good or bad — higher.

Work at Tierion?

Help your users to connect Tierion to the other apps they use every day.

History of Tierion