Oct 1, 2018
BRAVO is a technology company that created an innovative hybrid blockchain protocol (BHBP) by "mashing-up" several protocols that interoperate seamlessly to provide advanced features and multiple functionalities for a generation that demand simplicity and deserves control and privacy. BRAVO democratizes blockchain protocols by seamless UX and applicability to multiple industries.
BRAVO set out to revolutionize the tipping and privacy payment industry in 2014 with a seamless mobile payment application and a privacy algorithm protocol that followed strict regulatory compliance. The idea was how to pay two strangers without sharing their personal information while following regulatory compliance.
BRAVO’s minimum viable product (MVP) was built and launched at TechCrunch Disrupt San Francisco in 2015 where it won the Audience Choice Award. In 2017, BRAVO beta version was featured on ABC's SharkTank landing a deal with Mark Cuban & Lori Greiner.
Since then, BRAVO has become a movement and continues to gain significant traction with a community of tens-of-thousands of artists, musicians and many other active users in the US test market.
With a strong and validated use case, a established marketplace, and a successful proof of concept, BRAVO began building an innovative hybrid blockchain platform to fulfill the need of the users and community with a combinations of protocols on a single platform that supports on-demand public and private payments with its own token, BVO. We called the protocol hybrid blockchain protocol as it consists on a FBA + PoS “mash-up” that interoperate seamlessly and synergistically in the backend with a simple front end on-demand user experience under full control by the end user. This technology is patent pending but BRAVO foundation will 100% make it public for the community to use. We only wanted to protect the idea from institutional forces that might prevent the ecosystem from future technologies and innovation.
BRAVO is unique in the industry as a blend of technology, user experience, privacy, compliance and an already established business. In fact, BRAVO is one of very few ICOs in the world that actually has a solution developed and proven traction with a fiat version available since 2015 in the U.S. market (Interestingly, less than 9% of the ICO's come from established businesses and almost half do not have a product developed before their ICO campaign began).
BRAVO's goal is to make cryptocurrency payments as simple as a swipe on your phone. BRAVO pay is our first dApp, an application that validated the market, the need for simplicity and protocol concept. However, recognizing the industry need for simplicity, BRAVO’s blockchain is agnostic to industries and will be able to support any transaction of value the beyond payments; our community can decide!
In Q2-2019, BRAVO will release a cryptocurrency version with its own Token to allow for instant and secure payments worldwide. The developer’s API will be release at a later date (visit our timeline for details).
BRAVO (and BVO token) is a technology “movement” with a combination of a succesful payment App (BRAVO pay) in beta market and a new propiretary hybrid blockchain to support payments and other industrues that is ready for large-scale adoption as a cryptocurrency platform with a real use-case that truly serves the mass market.
BRAVO’s key features:
BRAVO is focused on building a better payment system with simple user centric experience for mobile applications and a robust blockchain back end protocol. To fulfill a community need, we are working on a new protocol with several functionalities applicable to payments and other industries.
BRAVO's innovative hybrid blockchain technology consists of a hybrid "mash up" of a public and private blockchain, all decentralized and immutable. The BRAVO blockchain integrates two different protocols together allowing them to interoperate seamlessly, and synergistically giving the end-users control over transaction speed, privacy and cost. The public blockchain is based on Federated Byzantine Agreement (FBA) consensus algorithm while BRAVO's private blockchain is based on an anonymizing Proof-of-Stake algorithm. Both protocols require low computational power.
We believe on user privacy and that users only want to share a payment, not their information. This is seamlessly executed with our technology with regulatory compliance.
BRAVO Blockchain supports two different ways of transferring funds: public transfers and private incognito transfers. Public transfers are coin transactions that are logged and viewable on the blockchain. Like Bitcoin and Ethereum, it is possible to trace funds going from one wallet to another. For transactions that do not need anonymity, public transfers using the BRAVO blockchain provide a fast, low-cost method of sending payments or recording other transactions (titles, legal documents, etc).
However, in line with privacy regulations akin GDPR regulations, BRAVO understands that people value their privacy and wish to send funds anonymously when needed. In fact, 70% or more of users only which to share a payment, not their private information. To support this, BRAVO Blockchain offers anonymous transfers of BVO Coin on-demand through what is known as "Incognito Transfers". This is achieved with auto-conversion into BRAVO Private Coin (BVO-P) on the backend through an algorithm that utilizes anonymizing technology. While accomplishing this, BRAVO also follows strict regulatory compliance that gives the end user safety and comfort.
Privacy Protocol: BRAVO blockchain will anonymize transactions on the BVO-P PoS blockchain by utilizing the zerocoin protocol. The zerocoin protocol basically pools all BVO-P into predetermined denominations and sends sets of these denominations when a transfer is initiated. For an analogy, let's use water as a currency. Water is heavy, hard to transport and takes up space so instead of storing and transporting water on your own, you exchange your water for water tokens which have different tokens that represent cups, pints, quarts and gallons. You give 10.5 gallons of water to the water exchanger; the exchanger pours the water in a large pool and gives you newly minted tokens (2 gallon tokens and 2 quart tokens). If you want to send 2 gallons of water to a friend, you give the exchanger 2-gallon tokens and the address of the friend. The exchanger then delivers 2 gallons of water to your friend from the common pool.
Federated Byzantine Agreement: Understanding the Federated Byzantine Agreement (FBA) consensus algorithm requires understanding its predecessor, the traditional Byzantine agreement. The Byzantine agreement ensures consensus even if you have some misbehaving members in your network. This has two advantages. First, consensus can be fast and efficient. Second, trust is entirely decoupled from resource ownership. This means that a small vendor has as much power as a wealthy, large organization which helps keep them both honest. On the downside, all parties must agree on the exact list of participants. Generally, membership in Byzantine agreement systems is set by a central authority or closed negotiation.
In practice, traditional non-federated Byzantine agreements require every node to be involved with every transaction to reach quorum. This is akin to letting every city mayor in the state know you're about to plant a tree in your yard and getting most of them to agree to it. This is unnecessary and a waste of everyone’s time and resources. In BRAVO's FBA system, each node can decide whom to trust and be part of their decision-making group, which we are referring to as a quorum slice. Following the earlier example, you only have to let your neighbors know (your quorum slice) that you want to plant a tree in your yard and get them to agree to it. Furthermore, the system-wide agreement is reached when overlapping quorum slices communicate the transactions. To continue with the tree-planting example, after you and your neighbors agree to plant the tree in your yard, you bring it up to your local city council, who in turn legitimizes the action for the rest of the city.
Interaction and Conversion: BVO-P integrates into the BRAVO mobile app and supports an Incognito mode for payments and transfers while still maintaining the intuitive, easy-to-use interface of a public transaction. When a user wishes to send payment anonymously, BRAVO's incognito transfers work by performing the following steps automatically:
Incognito transfers require more computation resources and have higher transaction fees. Since incognito transfers are performed on-demand, users have the choice of instantly switching between the fast, low-cost public transfers and the anonymous incognito transfers.
Our payment App:
BRAVO pay, BRAVO’s payment application, validates the need for our technology and offers a simple payment tool (currently on FIAT beta in US) with inter-App cryptocurrency payments between users with our token without need for external exchanges, biometric log in, no need for long keys to pay or get paid with our cryptocurrency and social login recovery.
BRAVO community and ecosystem: Collectively, users who materially participate in the operations of the BRAVO Blockchain will be known as the BRAVO Blockchain Consortium (BBC). Members of the Consortium are select community members and small or large merchants who provide computing resources through existing or new computing infrastructure to keep the BRAVO Blockchain running. Our consortium is constituted by our hybrid FBA and PoS protocol supporters. Each member of the Consortium is, in essence, a partner of BRAVO with a vested interest in keeping the network from being compromised while benefiting by taking a portion of the transaction fees for services rendered.
Nov 2013-Oct 2014: R&D
Nov-2014: BRAVO MVP
Sept-2015: TechCrunch DISRUPT
Sept-2016: FIAT alpha
Sept-2017: BLOCKCHAIN R&D
Nov-2017: ABC’s SHARK TANK DEAL
Jan-July 2018: VNEXT DEV
Aug-2018: BVO TOKEN
Oct-2018: BVO ICO
Nov-2018: BVO ICO
Dec-2018: BVO CRYPTO
Q1 2019: EXCHANGE LISTINGS
Q2-2019: BVO WALLET
Q1-2020: BVO CONSORTIUM
Q2-2020: API FOR DEVS
$7 462 645
BRAVO PAY is a decentralized project that uses the power of blockchain to ensure simplicity, privacy and anonymity in payments with seamless user experience.
The platform through the use of hybrid blockchain technology ensures that the users are able to send and receive anonymous payments. I would invest in this project.
Good team and strong value proposition. This product is worth supporting for the angle on mass adoption. Big market and space, with an equally big product vision.
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