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September 29th, 2015 
Awake Goy Chris Odom
Topics:
Open-Transactions
, StashCrypto
Hour 2
2015-09-29 Hour 2 Chris Odom from Ernest Hancock on Vimeo.
Chris Odom
Founder of Open-Transactions based company Stash, Inc
Webpage: http://www.stashcrypto.com
Chris is the creator of the Open-Transactions project and the co-founder of Monetas. Chris has spoken at conferences all over the world, and has been featured in Forbes, The Wall Street Journal, and Euromoney.
Chris was recently added to the registry of transcendent financial cryptographers.
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Open-Transactions (OT) (Named Stash, Inc)
Our core platform is built on Open-Transactions, a financial-crypto toolkit with unique capabilities.
We’re making trust obsolete.
Cryptocurrencies have appeared but are still plagued by hacks, scams, and thefts; Mt.Gox being the most prominently cited.
Every financial or Bitcoin-related business shares the same problem: They have to hold their users’ money.
Our technology eliminates the storage—and therefore theft—of user funds.
It effectively eliminates counterfeiting and fraud.
In the new normal, anything less will be unacceptable.
The ultimate transaction platform
Our software is built on the Open-Transactions financial cryptography platform (white paper), an extremely fast and low cost off-blockchain system based on signed receipts. When combined with Bitcoin, OT solves hard problems in cryptofinance. Receipts in OT cannot be forged, and a user’s balance cannot be changed without his signature. OT is also able to prove all balances, as well as which instruments are still valid, without storing any history except for the last signed receipt.
Open-Transactions is also very complementary to Bitcoin, and includes a variety of financial instruments including escrow, scripted smart contracts, recurring, and bid/ask exchange.
The world’s most powerful financial network
For settlement and clearing, we’ve leveraged the power of the Bitcoin blockchain, the world’s most secure settlement and clearing network. Available all over the globe, the blockchain is publicly-auditable, allows for proof of solvency, and operates autonomously.
We’ve also integrated colored coins, so you can issue your own unit types directly onto the blockchain, where they will circulate at no operational cost to you.
Bitcoins and Colored Coins can also be transacted off-blockchain using our platform.
Theft-proof storage of funds
Users can store their funds securely in our innovative and unique multisig voting pools, enabling users to perform fast, low cost, off-blockchain transactions, without having to trust anyone to hold the money!
Even if the node disappears entirely, the funds are still recoverable from the pool. Multisig pools approach the highest security theoretically possible on the server side.
With theft-proof funds and fraud-proof receipts, our platform is the only acceptable solution for the secure issuance, storage, and transacting of digital assets.
Source Article from https://www.freedomsphoenix.com/Media/183972-2015-09-29-09-29-15-j-neil-schulman-keith-cyrnek-chris-odom.htm?EdNo=001&From=RSS
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