Bitcoin - Open source P2P money

Where Nerd Culture and Politics Meet

Welcome Nerds. From comic books, and movies, to gamers and roleplayers of all kinds, we discuss liberty and society through the story within nerd-dom. This stems from our podcast, Laissez Squares, which can be found here: URL: LaissezSquares.com RSS Feed: http://feeds.feedburner.com/laissezsquarespod Twitter: @LaissezSquares Facebook: https://www.facebook.com/pages/Laissez-Squares/
[link]

Litecoin news and discussion

This subreddit exists to openly discuss [Litecoin](https://litecoin.org). Read the [comparison](http://litecoin.info/Comparison_between_Litecoin_and_Bitcoin) between Litecoin and Bitcoin.
[link]

Radical Decentralization - The Nature of the Future

Subverting traditional hierarchical systems in favor of a more resilient, innovative, networked, transparent and sustainable world.
[link]

Bitcoin P2P Virtual Currency

Bitcoin P2P Virtual Currency submitted by mislavg to our [link] [comments]

Analysis of Bitcoin Pooled Mining Reward Systems

arXiv:1112.4980
Date: 2011-12-21
Author(s): Meni Rosenfeld

Link to Paper


Abstract
In this paper we describe the various scoring systems used to calculate rewards of participants in Bitcoin pooled mining, explain the problems each were designed to solve and analyze their respective advantages and disadvantages.

Bibliography
[1] c00w. bithopper: Python pool hopper proxy. http://bitcointalk.org/?topic=26866.
[2] forrestv. p2pool. https://bitcointalk.org/?topic=18313.0.
[3] Satoshi Nakamoto. Bitcoin p2p virtual currency. http://www.bitcoin.org/.
[4] Raulo. Optimal pool abuse strategy, 2011. http://bitcoin.atspace.com/poolcheating.pdf.
[5] slush. Bitcoin pooled mining. http://mining.bitcoin.cz/.
submitted by dj-gutz to myrXiv [link] [comments]

Predicting Block Halving Party Times

arXiv:1708.05185
Date: 2017-08-17
Author(s): Meni Rosenfeld

Link to Paper


Abstract
Bitcoin is the world's first decentralized digital currency. The rate at which bitcoins enter circulation is cut in half every 4 years, approximately. These events are considered landmarks in Bitcoin's history, and as such are widely celebrated. However, this requires placing confidence intervals on the precise timing of the halving well in advance, and the particular mechanism by which the halving time is determined makes this challenging. In this paper, we intend to help party planners by describing the problem, and highlighting several techniques to estimate the mean and variance of the halving.

References
[1] http://bitcoinclock.com/.
[2] www.thehalvening.com/.
[3] http://www.bitcoinblockhalf.com/.
[4] https://bitcoin.org/en/developer-guide.
[5] Satoshi Nakamoto. Bitcoin p2p virtual currency. http://www.bitcoin.org/.
[6] Meni Rosenfeld. Block [halving] party promo - israel 2016. https://youtu.be/IEcd Ecntro/.
[7] Meni Rosenfeld. Analysis of bitcoin pooled mining reward systems. CoRR, abs/1112.4980, 2011.
[8] Meni Rosenfeld. Analysis of hashrate-based double spending. CoRR, abs/1402.2009, 2014.
submitted by dj-gutz to myrXiv [link] [comments]

Requesting Community Help - Making a BTC Explainer video and a Logo

Hello all, i am the creator of bitcoinduliban.org and I would like to request your help if possible.
As most of you know Lebanon is going through a really rough time with its currency losing already 80% of its purchasing power, and it's only getting worse with food/meds and fuel shortages in many areas.
I strongly believe in Bitcoin, as many of us do here, however in Lebanon people lack Bitcoin awareness and are generally afraid of "virtual currency". I am taking on the challenge of educating and helping people to onboard the right way, educate them on how to be safe and avoid all that shitcoin hypes.

But I need your help, I did my best in creating a logo but really my skills are crap and my web skills aren't better either too but i guess that is okay for now. Bitcoin Du Liban is a pun intended at our central bank that is called Banque Du Liban ( https://www.bdl.gov.lb/ ) so my current logo is derived from that, however i would love to have a bitcoin logo with a lebanese accent just for our project so it can be used as branding tool, banners etc.
Bitcoin needs marketing in Lebanon, I would like to create an educational animated video that explains the benefits of Bitcoin for lebanese people , a use case . Currently we are under capital controls, and any USD sent to lebanon using Western Union or Moneygram is automatically converted to local currency at fixed rate instead of true market rate, and using a Bank transfer takes many days in addition that its very difficult to reach banks to withdraw USD and even if you manage to get to the bank you can only withdraw it partially. I would like to create a video explaining how all this can be avoided with simple p2p transaction.

thank you all in advance.
submitted by marceldy to Bitcoin [link] [comments]

Cryptocurrency Terms You Need to Know Part 1

Cryptocurrency Terms You Need to Know Part 1

https://preview.redd.it/lr264c0hms351.jpg?width=1280&format=pjpg&auto=webp&s=2ea1af59c0bcc97965300211a6c1979668fab302
On our previous blog posts, we’ve talked and introduced Bitcoin, wallets, blockchains, financial technology, and the like to our readers. For sure, some are confused as they just encountered these words for the first time. In this article, we’ve jotted down the common words or phrases that the readers will frequently encounter upon entering the world of cryptocurrency.
Airdrop — an event or process where a project distributes a cryptocurrency to different wallet addresses for free
Altcoin — or alternative coin. Any type of cryptocurrency other than Bitcoin. These coins run its own blockchain network and operate separately and differently from Bitcoin.
Bitcoin — the first successful type of cryptocurrency launched
Blockchain — a digital public ledger that allows users to securely store and send information and currency. Read our article about Blockchain here: https://sw.pe/blogblockchain
Circulating Supply — number of cryptocurrencies that are available and circulating in the market
Cryptocurrency — a virtual or digital currency (example Bitcoin, Litecoin, Swipe Token)
Cryptography — is a mathematical practice of encoding and decoding data or codes
Decentralization — a system or process powered by a group of people or team and not by any central power or authority
Delisting — a process where either a cryptocurrency requests to remove its assets on an exchange or the removal of the crypto by the exchange authority
Double-spending — a type of deceit where an amount of money is spent more than once.
Exchange — a place (website or app) where people can buy and sell cryptocurrencies (examples are Bithumb, Bilaxy, and Bittrex)
Fiat — is a currency issued by the country’s central bank (local currency)
Halving — an event where the usual block reward is reduced by half. Read our article about Bitcoin Halving here: https://medium.com/swipe/what-you-need-to-know-about-bitcoin-halving-58c39db2a487
Initial Coin Offering (ICO) — a method where a new type of cryptocurrency is being offered to the public to invest in for the first time
Know Your Customer — or KYC is a procedure in the financial industry where companies ask for identification details to verify the identity of the customers
Listing — a process where an exchange adds a new cryptocurrency on their system
Mining — a process of validating the information and create a new block in the blockchain.
Node — a computer that participates in building and maintaining the blockchain network.
Peer-to-Peer Network — or P2P a process where two or more computers are connected to share information or data directly
Private Key — a series of random words or mnemonic phrase that serves as the password to access your cryptocurrencies
Public Keys — an alphanumeric code which can be shared publicly to send cryptocurrency transactions
Roadmap — shows the short-term and long-term business goals of a certain company
Satoshi Nakamoto — an unidentified person or group who founded and created Bitcoin
Staking — the act of holding cryptocurrency in a wallet for a period of time to receive a reward
Token — a type of cryptocurrency that does not have its own blockchain.
Wallets — a device, application, or website where people can manage their cryptocurrency assets. Read our article about wallets here: https://sw.pe/blogcryptowallet
Whitepaper — a document that explains the detailed plan and strategy of a certain project. It is created to generate interest and educate people about the concept that the person (or company) is trying to introduce
These are the terminologies that will surely be helpful when familiarizing yourselves in cryptocurrencies. In the second part of this blog, we will be sharing with you more complex words that you will encounter once you fully entered the industry.
---
This blog article is also posted at: https://sw.pe/blogcryptoterms1
submitted by SwipeWallet to Swipe_io [link] [comments]

Digital Gold Token; A stable coin that helps you save for the dry season

Digital Gold Token; A stable coin that helps you save for the dry season
In 2019 Bitcoin continues to grow. This has led to many early adopters of innovation. The starting of the cryptocurrency finance enterprise may be tough to characterize over the years. A few human beings don't forget bitcoin to be worldwide cash, but others see it as a store of wealth like gold. I believe that digital cash revolutionized each project organizations and the finances tool.
Therefore these superior resources can connect to actual sources like "Gold" and rather than replacing them. In different words, many ahead and reverse desk and agent jobs can be bought in lieu of Gold held in digital wallets.

https://preview.redd.it/nek3u41ufr351.jpg?width=275&format=pjpg&auto=webp&s=6f0a8592aa5abef5689354697b151b292f25a34c
Gold has been used to keep the rich solid via financial instances. Many cryptocurrency watchers be given that cryptocurrencies will in truth update gold as a store of treasured cost that is vital in the international financial stage.
Updated block chain can record random exchanges, song products and minimize looting, making it appear appropriate for a warehouse commercial enterprise. Innovation isn't always restrained to a fixed of clues, it's miles full of an encrypted and everlasting database and may be made to be had to all contributors.
Cryptocurrency speculators lose loads of wealth in weeks after becoming a chaebol within the medium term and just want to discover the fact. While this could take a look at power, it shows the very suspicious nature of digital cash, specifically cash for products and joint ventures.

https://preview.redd.it/ukv5yw3vfr351.jpg?width=900&format=pjpg&auto=webp&s=4b9cb5b1c1bed06d64a5c39cf1962323d467d383
INTRODUCTION OF GOLD STABLECOIN.
GOLD Stablecoins are a complicated asset of some other era deliberately entrusted or dependent on real gold deposited in a blanketed save. Stablecoin Gold is primarily based at the Ethereum Block Chain `` ERC 2.0 ''.
Many strong currencies are traded at a 1: 1 ratio with sure denomination standards inclusive of US greenbacks or Euros, however Gold Stable coins are fixed as Gold assets.
Gold Stable coin is a automated cryptocurrency subsidized by way of actual gold, bought on every occasion the token is issued and enlisted in a danger-free safe in Singapore.

IMPORTANCE OF STABLECOIN.
The an increasing number of appealing stable coin is largely more fixed than the conventional shape of cryptocurrency. This is based totally on evidence that nice is tied to other sources (like US greenbacks or gold).
Therefore, stable coins appreciate the many advantages of getting no passwords (easy, comfy, secure, no unique measurement related to most cryptocurrencies).
Stable coins are a easy, balanced, flexible and at ease exchange approach for using digital shape planning methods.
As a simplified, balanced, flexible and comfortable method of alternate. All matters taken into consideration, maximum companies, evidently, are not interested by accepting a coins like bitcoin that might be valuable the following day.

https://preview.redd.it/zulkpp1yfr351.jpg?width=300&format=pjpg&auto=webp&s=d6dd04d60816d8c98cb6cc6e998a8a0c34ab0039

THE STABLECOIN GOLD FOUNDATION.
Stable coins represent all factors of real interest in the money-associated administrative surroundings.
By empowering a secure and strong decentralized framework, the whole lot from cross-lending to monetary preparations may be moneymaking. For instance, with decentralized lending, stable coins can assist make sure a strong domain for P2P exchanges that occur with out the desire of the use of an unstable virtual foreign money like Bitcoin to achieve this.
Broadly, this can exchange the programs which might be related to applications on the cryptocurrency area, speculators and blockchain-based totally agencies.
They can provide cryptocurrency holders with, for example, hiding locations within the occasion of a market crash, as they could convert their belongings from mainly unpredictable kinds of virtual cash into stable coins. .
Gold-backed Stable coin holders essentially preserve an unmistakable useful resource of proper price - some thing that most cryptocurrencies do not have. These wars can also even be admitted in an incentive after a time frame, which offers an expanded impetus for individuals to preserve and use those currencies.
On the account of pledged stable coins, anyone in the world can positioned assets into precious metals like gold, or maybe land in Switzerland. These styles of benefits are frequently saved for prosperity, however stable coins open up new comprehensible results of task projects for ordinary human beings around them.

https://preview.redd.it/czxhxe30gr351.jpg?width=311&format=pjpg&auto=webp&s=d609552c3ba9e84adbaab1a0479c41d020eea038
The basics of losing tokens in evaluation to the one of a kind types of cryptocurrencies, reduce the ability of economic professionals to surrender possibilities for monetary buyers. You can change this token for Gold. After that, speculators have to not lose all cash because of marketplace events.
To get further information, news updates and developments regarding new listing on exchange or perhaps increased total supply in tokens and vault, use the links below:
Official Website: https://gold.Storage/ White paper: https://gold.Storage/wp.Pdf Telegram: https://t.Me/digitalgoldcoin Twitter: https://twitter.Com/gold_erc20

Author: cytpoway121 https://bitcointalk.org/index.php?action=profile;u=2202709
submitted by cytpoway to ICOAnalysis [link] [comments]

Aurei VS Bitcoin

Aurei VS Bitcoin

Aurei VS Bitcoin
Bitcoin has been in the news a lot lately, and in its wake other crypto-currencies, sometimes called Altcoins like Aurei. The multiplicity of these virtual currencies can be confusing, especially when you don’t look closely at the differences between them. The Bitcoin created in 2009 demonstrated the power of the blockchain system to manage a complex system of secure transactions. The Aurei (ARE), created in 2019, built on the success of the Ethereum blockchain, and harnesses its power to perform financial transactions. The main differences between Bitcoin and Aurei are detailed here.
Cryptocurrencies have been building a reputation since the first Bitcoin exchanges in 2009. In fact, it was this crypto-currency that started the blockchain revolution. A decentralized system of financial transactions, based on a network of individuals who undermine, i.e. solve complex mathematical operations to make the system work, in exchange for Bitcoins.

Bitcoin historically precedes Aurei

The advantage of the blockchain system is that it replaces all the intermediaries generally needed to establish confidence in transactions. Certain information, such as the amounts that move from one portfolio address to another, is public, which makes it easy to check whether a transaction has been carried out. The blockchain manages a finite number of Bitcoins, introducing a notion of scarcity. Thus, in addition to being a means of payment, Bitcoin is also an investment.
It is now attracting some institutional investors who wish to create products on the classical markets based on the Bitcoin price. Moreover, Bitcoin is open source, which means that anyone can see its code, and propose improvements. But also use it to create other crypto-currencies. It is because the source code of Bitcoin, or rather of the blockchain technology is open source that other crypto-currencies have been quickly created in its wake. Aurei is a good example of this since its creation in 2019. Aurei (ARE) has some originalities compared to Bitcoin.

Aurei even rarer than Bitcoin

Eventually there will be a finite number of Bitcoins — about 21 million. These are created progressively by the miners in exchange for making their computing capacity available to the network. This is rather a good thing for storing value — although it also doesn’t guarantee that it will remain high: the value of the price will always be a matter of supply and demand, i.e. enough people must be willing to buy the Bitcoins at a certain price for the crypto-money to have a certain value.
For Aurei, Initially, Only 50 000 tokens will be issued on the Ethereum Blockchain and kept in reserve by Aurei Association. These tokens will be gradually and slowly offered for sale on exchanges.
However, we hard-coded, inside the smart contract, an original and innovative mechanism to economically incentivize developers if and only if the token’s value appreciates significantly, in line with the investors interests.
Every time the price of AUREI token (ARE) on exchanges reach a new level, 500 new tokens are minted and distributed equally among the addresses of the developers. A level is defined as a certain price to reach in order to trigger the next minting process. The minting process related to a level can only be triggered once and only once.
The price of AUREI token (ARE) used to unlock a new level is determined using a price index which is an average price obtained by aggregating the prices of AREs quoted on different exchanges. This price index is fed to the smart contract using an oracle.
It is important to note that the number of levels is non-finite. This design choice was made on purpose to ensure that the developers are continuously economically incentivized over the long term.

Aurei vs Bitcoin: two different goals that make both crypto-currencies very interesting to invest in

In the end, the biggest difference between Bitcoin and Aurei is their origin: Bitcoin led the way, creating a new unit of value based on the innovative blockchain system.
Aurei is a state-of-the-art crypto-currency using the Ethereum blockchain that companies and individuals can use as real management and transaction tools. The interest for these firms is the possibility to create business applications that are both extremely complex and fully automated and at the same time interoperable with other projects thanks to the ERC-20 standard developed by ETH and used by Aurei (ARE).
Tomorrow, we could use Aurei to use connected objects, in food distribution, energy distribution or in the insurance sector.
And this is precisely what makes it a value of choice for investment: Aurei already does everything Bitcoin does, but has the efficiency, low transaction costs and low environmental footprint. As well as the ability to create intelligent contracts based on the Ethereum blockchain
While Bitcoin has been exploding in value for some time, Aurei represents a more stable alternative, with promising performance.
And you, have you invested in Bitcoin and/or Aurei?

Where can I find Aurei ?

Aurei live on Liquid
You can find Aurei on Liquid.com, the world’s most comprehensive and secure trading platform
You can also trade Aurei on P2pB2b

Smart Contract

The code of the smart contract is publicly available at this address:
https://etherscan.io/address/0x92afBa413BF9E5DA3919A522E371884bEAC76309

White Paper

Please click on the following link to download our white paper:
Aurei — White Paper.pdf

Join the Aurei Community

Twitter : @ AureiCommunity
Instagram : @ aureicrypto
Telegram : https://t.me/aureicommunity

Learn more about Aurei

www.aurei-crypto.io
https://medium.com/@aureicom/what-is-aurei-ad9b334764f1
https://medium.com/@aureicom/a-new-era-of-minting-process-by-aurei-90097abafce5
https://medium.com/@aureicom/aurei-a-revolution-in-the-crypto-world-45238d0b5cb1
https://medium.com/@aureicom/aureis-association-dafaa90dff2a
https://medium.com/@aureicom/aureis-vision-52803ebaecc1
https://medium.com/@aureicom/the-aureis-oracle-one-more-proof-of-trust-fd891acbd516
https://medium.com/@aureicom/design-of-a-new-economic-incentive-by-aurei-854de5a520ca
submitted by AureiCom to u/AureiCom [link] [comments]

Relictum Pro transaction speed superiority

Relictum Pro transaction speed superiority
Bitcoin has many problems, but in this post we will focus on the main thing: transactions with this digital currency are carried out incredibly long.
One of the main problems of modern blockchains is large block size. It is 8000 times bigger than our block size (1,024,000 bytes = 1Mb against 120 bytes). It is not advisable to accommodate all transactions that cannot be placed in a single block in a single block. This leads to a decrease in the speed of data processing, a decrease in the speed of data transfer, as well as a decrease in the speed of searching for the necessary information.
The more network congestion, the longer transactions take. And in itself this problem will not be solved. When a new transaction is launched in the Bitcoin blockchain, information about it is visible immediately, but the actual currency transfer may take several minutes or even hours. This expectation is inconvenient to neither buyers nor sellers.
Bitcoin is extremely inefficient in matters of network scaling. Transactions in it as the number of users grows, they become more and more slow and expensive
Relictum Pro speed of transaction
The existing network organization of modern blockchains is peer-to-peer (P2P) network. Relictum blockchain platform uses a unique protocol based on the TCP/IP protocol, in which a virtual communication channel with each node is formed over the Internet. The advantages of this network are its reliable stability and isolation from the general segment of the Internet. In this virtual channel, only Relictum Pro information is transmitted, which increases the data transfer speed several times.
Principle of operation: One node connects to several and in parts downloads data from other nodes. Thus, the download speed was close to the maximum value of the network card and the speed of a provider.
As a transport, we use a new type of network based on the fourth-level data network of the OSI model. _HyperNet is a virtual channel switching network.
The network provides a constant stable connection between all nodes for a small limited period of time (from 0.5 to 10 s), depending on the network load. With a small network load, this gap can be up to 10 s, while with a loaded network it decreases to less than 0.5 s.
https://preview.redd.it/8fipmyorn2t41.png?width=1200&format=png&auto=webp&s=3926213c06d9440af5f2b4db690fbfff0932554d
submitted by RelictumPro_official to relictumpro [link] [comments]

This Is What The Next Generation Internet Should Look Like

This Is What The Next Generation Internet Should Look Like

https://preview.redd.it/vmlqzhaijhz41.jpg?width=3000&format=pjpg&auto=webp&s=fddbbddb1b4cbabfedca4bdb330177f4ea01418c
Before this thing called the Web was born, there was an era when the Internet was invented in the 1970s, at the peak of the Cold War between the United States and the Soviet Union. The United States had a central computer controlling its nuclear weapons. A single attack may paralyze the computer system, making it impossible for them to fight back. Therefore, the US government has established a decentralized system that allows many computers to be distributed throughout the country. If an attack occurs, the defense system will continue to operate to ensure that the two countries can destroy each other. For the Internet, this history is dark, but this is also the origin of decentralized thinking. Then, in 1990, Tim Berners-Lee created the Web. The Web is one of the earliest applications on the Internet. It enables people to obtain information more efficiently. However, it is a relatively specialized tool, mainly used by researchers and students. But then it soon changed. With the popularization of software tools, the Web has gradually entered the eyes of ordinary people.

Web Prototype
Browsers like Microsoft Internet Explorer brought the web to the public's perspective five years later. Everyone can start surfing the Internet. Although the web design was very bad at that time, the connection method was dial-up Internet access. It took a long time to download a photo, not to mention downloading a video. This is what the web prototype looks like
The beginning of the Web is decentralized to some extent, it is driven by the most common computers. There is a photo of Tim‘s computer with a sticker that says Do Not Shut Down, because this computer provides the Internet with power.
The beginning of the Web was open source, which means anyone can freely build on this basis, which enables the establishment and development of enterprises like Google and Amazon.
The web is initially read-only, people just read data from the network, and do not perform input operations on the network.

Classical Internet
All this changed around 2005. Youtube, Facebook, Twitter, and other new websites brought the current Web world, also known as the classical Internet.
This is the first time anyone can publish content online without the need to understand any computer technology that is too professional. Facebook, YouTube and Twitter are all ways for people to create their own web, which directly determines the result of today's large-scale popularization of the web.
Since then, people have begun to see problems with these new websites. Although they make our online life more convenient, they slowly build walled gardens on the open web. We started to deviate from the Web of most early vision. At the same time, computers that used to power the web have gradually evolved into centralized data centers that provide computing power on these platforms. Later, the development of smartphones has accelerated this phenomenon. We access the web through various portable devices to obtain and transmit a large amount of information. Unfortunately, quoting Tony Aube's previous evaluation of today's network, today's Web has collapsed. Now it is like a giant baby. It is already aging before it has experienced sufficient growth. Over the past decade, Internet-based services have tended to be centralized. As the network matures, we gradually tend to rely on a few companies. Google provides the fastest and most convenient search service, gaining 74% control of search traffic. Facebook built the largest social network and gained control of the online identity of 2.2 billion people. Although most people feel that they are enjoying various free Internet services, in fact, free things are often the most expensive. All these services are based on the possession and utilization of the most precious resources of the Internet, and that is data.
As early as when the network was first launched, it had no native way to deliver value. People are very cautious about using bank cards online. The best way to make money online is to provide free services and make money through advertising. In such a way that let individual users have been using the free service, and later to make more accurate advertising push, advertising services company gave birth to birth, they open the default web advertising business, while at the same time there are a variety of ad blocker After being born, advertising service providers will also use freely collected user information and network behavior information to conduct user analysis and push advertisements through improved inducement operations. Sometimes he does not hesitate to use false news and other means. The network environment has gradually become dirty, and the cost of obtaining effective information has been gradually increased by advertising.
The problem of advertising is only one of the manifestations of data occupation and utilization by centralized organizations. Many more serious problems are gradually revealed and gradually paid attention to, including user data loss, personal data leakage, user behavior data is monitored, and data over-censorship Problems, etc. Every day, every day is not performed in every corner of the world. The entire network world urgently needs a re-upgrade to solve the increasingly serious problem of centralized data.
Next Generation Internet (NGI)
The classical Internet was gradually formed after people discovered changes in the Web, as the ideas of the classical Internet spread, inevitable problems have arisen, what will Web3.0 look like. At that time, people had a lot of conjectures. People guessed that Web3.0 would be an artificial intelligence web or a virtual reality web. Although we think these are exciting technologies, we don't think they will redefine the web.
Last year, there was a large conference called NGI Summit. In the conference, just like the discussion of Web 2.0, the clear information obtained through the discussion of a large number of engineers and researchers is: NGI is to return to the decentralized network
In fact, with the emergence of these problems in today's Internet world, a series of seemingly unrelated technologies are also developing on the edge of the technology industry, such as cryptocurrency, blockchain, and distributed storage. NGI is more like a synonym for a better vision of the Internet in the future.
NGI is different from the previous generation of internet transformation. The core of NGI is not speeding, performance, or convenience. The actual on many NGI applications compared with today's applications, but also very slow, not convenient.
NGI is about ownership and control. It matters who controls the technology and our daily applications, and who owns the data and files generated on the network. It is breaking the momentum that has shaped the network for nearly a decade: the balance between convenience and ownership. We are used to this motivation and take everything for granted: using the network means being monitored, and using the social network means that we give personal data to the platform. How could there be other ways? But NGI refused to accept that it believed that people could benefit from the Internet, but there was no need to hand over data control to a few companies. The power is not above the iron law of the universe, it's just a product of the circumstances of technology, we are in the process to make a choice. NGI is a movement, which aims to build a different technology to make better choices. NGI is not trying to replace the network but to change the underlying architecture while keeping things we like—reform, not revolution. NGI is a set of technologies aimed at reconstructing Internet control rights. These include financial projects (crypto currencies), basic communication technologies (end-to-end encrypted information transfer), mass consumer scenarios (open social networks, p2p markets), and key Internet data file infrastructure (decentralized DNS and distributed storage). NGI should include any technology that is conducive to changing Internet centralization and allowing users to gain control of digital life. Currently, there are many solutions for decentralized computing power, but decentralized storage capacity is still not strong and perfect. Because only if it implements the calculation decentralized and storage decentralized, to truly achieve NGI vision of truly decentralized applications and services, and for user data to truly returned to the user by the user's control.
What should decentralized applications and services look like
In the NGI network, we should be able to create products and services that are not controlled by any company, but these products and services can still reach the level of centralized companies. Just like Bitcoin, these products are decentralized, although the degree of decentralization necessary for any product and the benefits it may bring will be very different.
For example, what might a decentralized video sharing platform look like, it would be similar to YouTube that allows users to share video content, comments, thumbs up, and so on. The platform encourages users to contribute through the built-in incentive mechanism. Users can not only “like” the video, but they can also make a small payment or charge a certain fee for the content creator through the copyright distribution control of the network protocol, without having to consider twists way to perform fan monetization. Even if it only costs a few cents for each like, it is still better than traditional centralized video platforms, because, on these platforms, the creator ’s revenue per million views is only a few thousand dollars, On the decentralized platform, there is no middleman's fee, users can directly use peer-to-peer transactions.
The core rules governing decentralized services are defined by open-source agreements. Users use the client of their choice to interact with the protocol. In other words, there will be various apps, but all are connected to the same video network. These clients can provide different functions, but all comply with the same sharing protocol, similar to email clients using the same initial standards. Developers do not need to apply for a license from any centralized organization. They can build their products without worrying about API access being blocked on a certain day. Because no company can turn it off. These are all benefits that a decentralized network has not yet fully recognized. Of course, the products and services created by centralized companies will still be used, but it will only prompt these companies to reduce the control of data and gradually return control to users. Early Internet companies promise " do not BE Evil" For Web3.0 who will have to ensure that the " CAN ' t BE Evil ".
What does it mean for users to control data?
Today, most user data are controlled by a centralized company, whether it is identity data, stored file data, or user behavior data.
In NGI, users will have maximum control over their data. First of all, users can completely use their own identities, rather than the identities provided by third parties, which limits the opportunities for various centralized providers to obtain user identity data. For example, one day you are not satisfied with the service of a chat app and want to switch to other social platforms, then all these data should be able to be taken directly by the user and migrated. You don't even need any help from any intermediate agency. Secondly, based on the construction of a decentralized storage network protocol, when you use social media, video media, rental housing, car rental, and other services, there will be no centralized data storage center to deposit your data and sell it. The reason why these companies collect user data is that these data have great value. In the NGI network, users will get the value of these data. If users want to sell their data, they will directly receive revenue instead of centralized companies. As people try to reform the ownership mechanism of data assets, the production and cooperation relations of the entire network will change substantially.
Currently, even with the existence of IPFS, a distributed storage protocol that has been developed for several years, the problem of decentralization of data has not been solved, and real commercial purposes cannot be achieved. Most Dapps are currently only decentralized services. So, when distributed storage can run on a large scale and stable, it may be when NGI can enter the public eye. It is also positive that DSP Lab (Distributed Storage Protocol Lab ) reasons for coming, it is the next generation of internet-based facilities will be file-based data encryption, distribution, storage, sharing some of the columns of the new generation of Internet paradigm to support from NGI Required distributed storage protocol.
Although NGI still has a lot of uncertainties, it also faces many problems that need to be solved. But NGI is still the most anticipated future. Blockchain technology is not an end in itself. They only have value if they solve the problem. NGI allows us to face and solve this problem again: The Internet has become too centralized, and it needs to be open.
NGI will not stop developing because of a certain technology development bottleneck or technical bottleneck. We can use the knowledge system used in the past years to continue to build these better and newer system versions.
NGI is not nothingness, nor utopia, nor can it escape from reality. The current internet also has various human problems. Politics, rights, and control have not disappeared due to the invention of the Internet. What can be determined in NGI is that it contains a design that restricts rights and controls. We have a second chance to build the Internet, but we may not have a third time, so let us take advantage of it and look forward to its arrival.

Find us:
Facebook: https://www.facebook.com/DSP-Labs-110430797334480
Twitter: https://twitter.com/DSP\_Labs
Telegram: t.me/DSP_Official
Wechat: DSPLabs

https://preview.redd.it/kbd1u851lhz41.jpg?width=180&format=pjpg&auto=webp&s=4f55c298868baee393384bc0c303862c4f539a7a
submitted by DSP-Lab to u/DSP-Lab [link] [comments]

Numbers on the screen or how digital payment systems make the market fair?

Numbers on the screen or how digital payment systems make the market fair?

https://preview.redd.it/6m1gp2mvotx41.png?width=1160&format=png&auto=webp&s=a83f0346d8008c17968d6a240cfba8fe3fe4e2aa
Continuing the trend of practicality characteristic of the XXI century, paper money is gradually disappearing from our lives, giving way to more practical digital storage. However, the digitized banking that we now use every day is still far from perfect. For starters, it is completely controlled by third parties. No one owns the numbers they see on the screen — control is entirely owned by third parties, such as banks.
Banks create money out of thin air, and credit is a prime example of this. Money is no longer printed when someone takes out an overdraft or mortgage-it is simply created out of nothing. Moreover, these banks charge disproportionately high fees for the services they provide, and these services are outdated and impractical today.
For example, it is impractical to pay a Commission to spend your money abroad, as it is impractical to wait a few days to verify the transfer of a small amount from You to your relative. All this makes no sense in the interconnected and instantaneous world in which We live today.
Thus, the monetary system has ceased to be practical, it is replaced by a higher form of value storage. In this particular case, it is replaced by a faster and safer system that eliminates expensive operations and gives control to the person.
https://i.redd.it/quc2bgmxotx41.gif
Money that you have in your Bank account can be considered a virtual currency since it does not have a physical form and exists only in the Bank book. If they lose the book, your money will simply disappear. These are just numbers that you see on the screen. The numbers are stored on the hard drives of Bank servers.

https://i.redd.it/4nvhydtzotx41.gif
Do you open a regular app and think you have money? They are just bytes of the computer system. Today’s global payment infrastructure moves money from one payment system to another through a series of internal Deposit transfers between financial institutions. Since these transfers occur in different systems with a low level of coordination, the calculation of funds is slow, often 3–5 days, capturing liquidity.

How do payments work?

When you make a money transfer, for example, from your Bank card to the Bank card of a friend or acquaintance, you see an instant transfer, so to speak, moving numbers from you to the Recipient. For the user, the transfer is carried out instantly, and the exchange of obligations between the participants of the process takes place within 3–7 days, the User does not know about it and hardly ever thinks about it.

https://preview.redd.it/rl4aai81ptx41.png?width=1400&format=png&auto=webp&s=cdfa10f0d68442aac84c14e3bae5a52e92651878
When you make a payment at a supermarket or any other point of sale, at the time of payment, information from the POS-terminal is sent to the acquiring Bank — then the acquiring Bank sends a request that passes through the payment system (Visa or MasterCard) and then transmitted to Your Bank, which confirms the operation. At this point, there is no write-off of funds. The funds are temporarily held, and the actual withdrawal will take place within a few days, the maximum processing time is up to 30 days.
https://i.redd.it/8njxgxq2ptx41.gif

Currency transactions and payments abroad

You may have noticed that after making a transaction in a different currency, such as yen or dirhams, or any other currency that differs from the currency of your account or buying an item abroad, the amount charged may differ from the amount that was reflected immediately after payment.

Why is this happening?

As soon As you have made a transaction with Your Bank card — the local Bank transfers the information to the payment system: Visa or MasterCard — the payment system converts the currency used into the billing currency.
Billing currency — the currency that will be used for payment with the payment system by your Bank that issued the card. For the US, the billing currency is the dollar, in Europe — the Euro.
The billing currency may also differ depending on the issuing Bank — the Bank that issued your debit card. For example, some banks use the billing currency — Euro when making payments with MasterCard cards in the United States, which will lead to additional costs when converting euros into dollars.
If the payment is in other currencies, the payment scheme will become more complicated and, accordingly, its cost will be more expensive. The transfer rate from one settlement currency to another is set by the payment system: Visa and MasterCard.
If the currency of your Bankcard is the same as the currency of the payment system, the payment will take place without additional operations. For example, You have a dollar card, you make a payment in dollars in the United States, and if you make a payment with a dollar card in Europe, your Bank will convert the amount at its exchange rate, which will lead to additional costs. There are exceptions, some European banks can use dollars for settlements, but this is more an exception than a rule.
Also, if, for example, you pay for purchases in China using a Bank card in euros, then double conversion is inevitable.
Thus, payment in dollars is universal all over the world, except for the European Union countries. The dollar is a global currency and is therefore often used for binding in international settlements.
Now we understand that due to differences in the account currency and the differences in the VISA or MasterCard payment system, additional conversions may occur, which will lead to additional bank fees. as a result, the actual payment amount will differ from the amount debited from your card.
In addition to paying for conversion in the payment system and paying for currency conversion in your Bank, some banks charge an additional fee for conducting a cross-border transaction.

Where do we lose money when making debit card payments?


https://i.redd.it/tykhrd56ptx41.gif
  1. Currency conversion by the payment system;
  2. Euro-Dollar, or in the case of processing payment via MasterCard in Turkey, Turkish lira-Euro and additional conversion on the side of the issuing Bank (your Bank) Euro — Dollar.
  3. Currency conversion by an acquiring bank;
  4. The difference between the exchange rate on the purchase date and the write-off date. We purchased at a rate of 0.91 euros per dollar, and the write-off occurred at a rate of 0.94 euros per dollar.
  5. A large number of currency conversions.
  6. The greater the number of them, the more we will lose when buying. For example, when paying in the UAE or China, buying a product for the local currency, we understand that the number of conversions increases several times.
If we touch on the topic of international translations, we will encounter additional nuances:
  • This is the payment processing time. International payments can be processed within 3–5 days, as mentioned above, which in our dynamic time — it interferes with the comfortable use of the system.
  • Restrictions on the amounts;
  • Possible requirements for certain documentation for payment confirmation;
  • Additional fees and commissions, sometimes hidden fees.
It is not always possible to make a transfer quickly and when necessary due to these restrictions. All this confirms the complexity of the operations and additional commissions that the user pays.

Сryptocurrency exchanges

And now back to the numbers on the screen, this topic affects not only banks but also centralized cryptocurrency exchanges:
  • You top up your Deposit on the exchange in cryptocurrency-then you use numbers inside the exchange, and real funds are most often stored on “cold storage” for which administrators or other responsible persons are responsible.
  • Only when you make a withdrawal from the exchange to your wallet-you are sent real funds (tokens or cryptocurrency).
The same applies to centralized applications and online services that deal with cryptocurrencies:
There are many services, both online and apps, that are centralized, regardless of what they will be called: Bitcoin wallet or bitcoin exchange. This means that when you add funds to an account in such a wallet, the funds are stored on the developecompany’s side. In simple words, all your funds are stored in the wallets of the system’s creators.
If you use a centralized app, you have a risk of losing funds. Although the application is called cryptocurrency, it does not affect its main principles — it is decentralization.
In other words, using systems where there is a Central authority, especially in the cryptocurrency market — the risk increases, so we recommend using decentralized systems for storing currency to reduce risks to a minimum.
Decentralization is the process of redistributing, dispersing functions, forces, power, people, or things from a Central location or governing body. Centralization is a condition in which the right to make the most important decisions remains with the highest levels of management.

Peer-to-peer payment systems

The opposite and standard of security and independence are peer-to-peer payment systems. Using the application-level network Protocol, clients running on multiple computers connect to form a peer-to-peer network.

https://preview.redd.it/ojcg4fz7ptx41.png?width=601&format=png&auto=webp&s=6cc81d1617b0cb64a3f5c7cc6d06a78354386f8c
There are no dedicated servers in such a network, and each node is both a client and performs server functions. In contrast to the client-server architecture, this organization allows you to maintain the network operability with any number and any combination of available nodes. All nodes are members of the network.

https://preview.redd.it/npttc3a9ptx41.png?width=1000&format=png&auto=webp&s=0f2dee1e5b19436a847dca96e2b3b7f22b801b57
Tkeycoin is a decentralized peer-to-peer payment system based on p2p principles and the concept of electronic cash. P2P technology is a fairer means of mutual settlements between users and companies around the world. Modern payment systems are imperfect and may depend on the will of high-ranking officials.
The main goal of Tkeycoin is to create universal products that will make financial transactions more accessible, profitable and secure.

https://i.redd.it/gk6j0m9bptx41.gif

What do decentralized systems protect against?

Using decentralized tools, for example, a local Tkeycoin wallet or a Multi-currency blockchain tkeyspace wallet — Your funds belong only to You and only You can use them, which eliminates the risks of third-party bankruptcy, and such a decentralized architecture can also protect against natural disasters. Given that there is no central server that can be damaged in a natural disaster, the system can work even if there are 2 nodes.

https://i.redd.it/sb6i2ladptx41.gif
In addition to force majeure situations, you protect your funds from theft and any sanctions from third parties-in our time, this is very important. The owner of Tkeycoin does not need Bank branches, does not need additional verifications, and does not need permission to use, transfer, or even transport Tkeycoin. You can easily carry $1 million worth of Tkeycoin in your pocket and even in theory not know any troubles.

https://preview.redd.it/uvw9vfyeptx41.png?width=1400&format=png&auto=webp&s=14b89acca3568fdc5eb82d986aaa2710219ced91
Besides, it is extremely convenient and safe to store even multibillion-dollar capital in Tkeycoin. Imagine that you have a lot, a lot of money, and you need a safe place to store it. Where do you apply? Of course, the Swiss Bank, Yes, but it can easily freeze your accounts and you can easily lose your savings. In recent years, many banks are actively fighting against gray non-cash funds (including offshore ones), and every month more and more legal proceedings are organized on this basis.

https://preview.redd.it/vodiuq5gptx41.png?width=1400&format=png&auto=webp&s=31ab44da4431b0159ef1213db7e37c6fd92d5b0a
The fact is that serious money, for the most part, has a gray tinge, and only a tiny fraction of billions and millions are clean for the law. That is why their owners are often called to court, subjected to pressure, forced to leave the country, and so on. If your money is stored in Tkeycoin, you will not be subjected to such pressure and will avoid the lion’s share of troubles that usually accompany accounts with many zeros.
Using peer-to-peer systems — you will not be called by a Bank Manager and require documents or a fraudster who asks for Your card number and SMS for confirmation. This is simply not the case, wallets are encrypted, and using different addresses guarantees privacy.
As for fees for transfers, there are no Visa or Mastercard payment systems, as well as additional fees that we discussed above.

How are payments made in the Tkeycoin peer-to-peer payment system?


https://i.redd.it/9ftct10iptx41.gif
As soon as you sign a transaction, it is sent to the blockchain and the miners are engaged in its confirmation, for which they take a symbolic Commission. Let’s look at an example, the key rate is $1, the transfer fee will be 0.00001970 TKEY or 0.00000174 TKEY.
0.00001970 TKEY=$0.00001970 0.00000174 TKEY=$0.00000174
Accordingly, commissions are almost zero. In Europe, on average, you will pay $15–20 for a small Bank transfer.
For example, now sending 1 million dollars to BTC, You will pay a Commission in the area of ≈3–8 dollars. Just think, 1 million dollars, without restrictions, risks, and sanctions, and most importantly, the transaction will be the available day today, and you paid an average of ≈5 dollars for the transfer.

Transactions in the Tkeycoin blockchain

Now let’s touch on the topic of how a transaction in the blockchain goes. Once you have sent a transaction, it will be available to the Recipient. The transaction takes place instantly and the User sees not” numbers on the screen”, but real funds-cryptocurrency. This is very convenient when you make any transactions and the Recipient needs to make sure that the payment came.
In the full node-there is a choice of confirmation blocks — this is the amount after which you can use the received cryptocurrency. When sending, you can select the number of confirmations:
• 2 blocks≈10 minutes • 4 block≈40 minutes • 6 blocks≈60 minutes • 12 blocks≈120 minutes • 24 blocks≈4 hours • 48 blocks≈8 hours • 144 blocks≈24 hours • 504 blocks≈3 days • 1008 blocks≈7 days
As we can see, you can also set a weekly confirmation if necessary. The minimum recommended number is 3 blocks. by default, the full node (local wallet) has 6 blocks installed. The presence of this number of confirmations ensures that Your block will not be forged and will be accepted by the network.
Each new transaction that receives network approval is sent to mempool, where it waits for miners to confirm it. When a miner takes a transaction to include it in the next block, it automatically receives the first confirmation.

Generating blocks in the TKEY network

A block in the TKEY network is generated within 6–10 minutes. the network automatically corrects the complexity and time of block formation. Thousands of transactions or a single transaction can be placed in a block.

https://i.redd.it/f9d17k8uptx41.gif
Transactions work faster in the TKEYSPACE app because we have already enabled new algorithms and this is now the fastest and most convenient way to exchange various digital currencies.

https://preview.redd.it/nnz5krdvptx41.png?width=1400&format=png&auto=webp&s=fee452ae6389c8f46d97357777193ed2b10bc4bc
Anyway, using the full node is also one of the safest ways to store and send Tkeycoin cryptocurrency, and most importantly, the full node stores a full copy of the entire blockchain, which benefits the network and provides protection from information forgery.
The more popular the project becomes, the more load is placed on the network itself. For example, 10,000 transactions passed in one block that was processed quickly, while the other 10–20 transactions in another block hung for a longer time, so temporary “pits” may appear. To deal with them, we are working on implementing additional chains-separate chains that are created for cross-transactions, which ensures fast payments under heavy load.
For the global system — we get a shipment around the world in 6–10 minutes, in cross-chains in 10 seconds. In comparison with the global payment system, which processes cross — border payments within 3–5 days, this is a huge advantage. If we add liquidity to this, we will get a perfect payment system.
https://preview.redd.it/2d0uu4gxptx41.png?width=1200&format=png&auto=webp&s=ae5f2f0bc8b7c7dedd1814eb32e97092a6330c3a
Also, you should not forget that if you did not sync with the network and sent a transaction, the transaction may hang in its memory pool and you will have to perform several actions to solve this situation. Here we must understand that syncing with the network is an important point because if you have a connection failure in the Internet Bank, the payment will also not be processed. After all, it will not be sent to a specialist for confirmation.
If you are currently experiencing any delays with transactions, this is due to the transition of CPU mining to GPU, as soon as miners switch to new mining methods, the confirmation of blocks will be consistently fast.
In conclusion: blockchain is a new technology and many terms, concepts and how it all works are still difficult for many to understand and this is normal from innovation.
In many countries, the word cryptocurrency and blockchain are synonymous and no one wants to understand the reality, most people believe that if the blockchain, it means it is related to trading on the cryptocurrency exchange. No one thinks about the real usefulness of certain solutions that will become commonplace for Us in the future.
For example, the Internet banking system dates back to the ’80s of the last century, when the Home Banking system was created in the United States. This system allowed depositors to check their accounts by connecting to the Bank’s computer via their phone. In the future, as the Internet and Internet technologies develop, banks are beginning to introduce systems that allow depositors to get information about their accounts via the Internet. For the first time, the service of transferring funds from accounts was introduced in 1994 in the United States by the Stanford Federal Credit Union, and in 1995 the first virtual Bank was created — Security First Network Bank. But, to the disappointment of the founders of the project, it failed because of strong distrust from potential customers, who, at that time, did not trust such an innovation.
Only in 2001, Bank of America became the first among all banks that provide e-banking services, the whole user base for this service exceeded 2 million customers. At that time, this figure was about 20 % of all Bank customers. And in October of the same year, 2001, and the same Bank of America took the bar in 3 million money transfers made using online banking services for a total amount of more than 1 billion US dollars. Currently, in Western Europe and America, more than 50% of the entire adult population uses e-banking services, and this figure reaches 90% among adult Internet users.
Life changes, and in the bustle of everyday work — we do not even notice how quickly all processes change.
We are experiencing a technological revolution that is inevitable.

https://i.redd.it/afcfj3rzptx41.gif
submitted by tkeycoin to Tkeycoin_Official [link] [comments]

Combination of finance and blockchain

In recent years, "blockchain finance" has gradually become increasingly popular. Fundamentally, blockchain finance refers to the application of blockchain technology in the financial field, which is also the first application scenario of blockchain. So, how does the blockchain integrate with finance, how to promote and what kind of landing application scenarios can it achieve? Let us talk about the mystery of "blockchain finance".
As we all know, blockchain is a low-level technology based on Bitcoin, which is essentially a decentralized trust mechanism, and collectively maintains a sustainable database by sharing at distributed nodes to achieve information security and accuracy. Finance is an economic activity that uses the currency itself as the operating target and aims to increase the value of the currency through currency accommodation. One of its essence is credit transactions. Credit is the foundation of finance, and finance best reflects the principles and characteristics of credit. In a developed commodity economy, credit has been integrated with currency circulation. We can clearly see the repeated appearance of "credit and trust", which is the basis of the overlap between blockchain and finance, and is also the starting point of the combination.
The first product of the integration of blockchain and finance is Bitcoin. The concept of Bitcoin was originally proposed by Satoshi Nakamoto on November 1, 2008, and was officially born on January 3, 2009. According to Satoshi Nakamoto's idea, Bitcoin is a virtual encrypted digital currency in the form of P2P. Point-to-point transmission means a decentralized payment system. Through the characteristics of anonymity, irreversible and traceable, we can see the fundamental role of trust and credit mechanisms in blockchain technology and financial concepts. It is only based on trust that Bitcoin can be circulated freely among different people and different countries. Trust has laid the foundation for the value of Bitcoin and also provided a good start for the development of digital currency and blockchain finance.
submitted by Eunice_Ou to u/Eunice_Ou [link] [comments]

JIL TOKENS - A complete overview of the company

JIL TOKENS - A complete overview of the company

https://preview.redd.it/fi88pvlx1lq41.png?width=476&format=png&auto=webp&s=2eee77990a93987ec37fa513a0b2779a09b4ece4
The J1 is a cryptocurrency that can act as fiat currency, replace costly credit card fees as well as eliminate the need for gift cards. With these enticing features, the J1 will attract mainstream adoption as a competitive payment solution. A key factor of any cryptocurrency is its utility. If you cannot use it for something, such as investments or payments, then it will have no perceived value. In the case of the J1, it is useful as a payment solution thus its utility is high.
In addition to the obvious utility of the J1, it adds the highly sought after liquidity to the world of cryptocurrency. According to Investopedia, “liquidity describes the degree to which an asset or security can be quickly bought or sold in the market without affecting the price of the asset.” Following that definition, most people would conclude there are no liquid cryptocurrencies in the market. Until now! That’s the very definition of the J1! Therefore, our token is an important game changer for users, merchants, and for the cryptocurrency ecosystem as a whole. We are the cryptocurrency of the future!
Prior to appreciating the full benefits the J1 can bring, understanding the advantages of cryptocurrency is paramount. These advantages consist of low transaction costs, international boundless portability, convertibility, trust-free ownership, exchange, pseudo-anonymity, real-time transparency and almost complete immunity against problems with the banking system. Despite these advantages, there remain barriers preventing the mainstream adoption and daily use of cryptocurrency. These include volatile price fluctuations, inadequate mass market insight of the technology, inaccessibility, scalability issues, and the lack of user-friendliness for non-technical users.
Recognizing these issues, the J1, sets out to rectify them. These tokens are to be utilized in the same manner as traditional paper or fiat money. They are tied directly to the United States Dollar (USD). Simply stated, the J1 is the tokenization of USD on the blockchain. In turn, the value of the J1 serves to solve many of the liquidity issues suffered by other tokens. Additionally, these tokens maintain the lowest fees for any user as well as making it an optimal currency for merchants. These are just a few features that truly set the J1 apart not only from traditional fiat currency, but other cryptocurrencies as well.

ECOSYSTEMSCORE

+ONE MISSION
We aim to be an international form of payment which enables users to make purchases and that merchants will recognize and accept. This will allow consumers and merchants to unite online and offline around the world seamlessl
+TRANSPARENCY AND TRUST
Utilizing the Ethereum blockchain as our audit method provides transparency, trust and accountability between buyers, merchants and during p2p transactions.
Another way we establish trust is through our registrations in the U.S. and Nigeria. U.S: JONES Industries LLC RC4026434, JILTOKENS Multiconcept Enterprises BN4440995. Nigeria: JILTOKENS Industries Limited RC1666125, JILTOKENS Multiconcept Enterprises BN3072186.
+BLOCKCHAIN BASED PROFILES
We rely on tokenization which is defined as replacing sensitive data with a set of identification symbols that retain information without compromising security. This allows users to remain virtually anonymous.
+PAYMENT FLEXIBILITY
Users benefit from our J1 token because it can be utilized in any situation that involves compensation due to its extreme adaptability in all transactions. This is due to its understandable monetary value and the absence of volatility. Merchants can benefit by increasing their sale revenue when accepting the J1 for payment due to our low fixed redemption rates

MISSION

“It’s definitely possible for cryptocurrency to be great at payments in the future, but the necessary pieces are not in place.” – Kevin Pan The mission of the J1 is to prove this statement wrong. This will be accomplished by​ ​the expansion of knowledge regarding cryptocurrencies, encouraging everyday use while providing a simplified way to make purchases throughout the world.
Blockchain Technology Our limited edition token, the JILT is an ERC-20 token built on the Ethereum blockchain which employs the smart contract protocol. Ethereum allows developers to program their own smart contracts, or ‘autonomous agents’. The language is ‘Turing-complete’. Turing completeness is a term used to identify a computer or software that is capable of solving any problem that a Turing machine can. In other words, it supports a broader set of computational instructions or code, much broader than Bitcoin. The JILT maintains accountability and transparency by using the Ethereum blockchain as its audit method.
Secure Management
Thanks again to the blockchain and p2p transfers, the J1 is practically safe from fraudulent tactics. By using it, no one can steal your card, pin number, passwords or any other personal information. Moreover, as cryptocurrency becoming stolen or lost is increasing in frequency everyday, the J1 serves as an extra layer of security. It is a smart solution against keeping your hard-earned money away from hackers.

J1 TOKEN

The J1 token will be available for purchase after we raise sufficient awareness and popularity through our free JILT giveaway phases and token sale. Prices for the J1 will be $1 per token. Simply stated, the J1 is the tokenization of USD on the blockchain. The J1 will be implemented on a private blockchain (to be determined at a later date). This will reduce user fees and maintain our goal of simplicity as well as create mass adoption
Allocation of funds: Will be allocated for the continued development: 20% Will be allocated toward marketing and business development:20% Will be allocated into the reserve: 20% Allocated to the JIL TOKENS team and board members: 20% allocated to customer service development: 10% allocated to legal compliance operations: 10%
https://preview.redd.it/9nnuw1114lq41.png?width=510&format=png&auto=webp&s=30104c86d6105f6a432785695c9137a6930e19be

TEAM


https://preview.redd.it/6fmnu0kc4lq41.png?width=711&format=png&auto=webp&s=5d2e85bc24f4fab5fa6800fadc0cd74796a02425
Learn more: Our site: https://www.jiltokens.io (https://www.jiltokens.io/)/
Twitter: https://twitter.com/TokensJil
Facebook: https://m.facebook.com/JIL-Tokens-2055773947853026 (https://m.facebook.com/JIL-Tokens-2055773947853026/)/
Instagram: https://www.instagram.com/jil_tokens (https://www.instagram.com/jil_tokens)
YouTube: https://m.youtube.com/channel/UC6OhZ0NqnLcvzXUm_WkhW3Q (https://m.youtube.com/channel/UC6OhZ0NqnLcvzXUm_WkhW3Q) Whitepaper: https://www.jiltokens.io/general-whitepape Telegram: https://t.me/JILINT
bounty0x USERNAME: bandit
submitted by Bandugan to u/Bandugan [link] [comments]

To everyone proposing aid projects using e-money/bitcoin

Projects concerning e-Money/Bitcoin/Virtual Wallets

This has been popping up a lot lately between reddit and other social media, and there's something people need to be aware about our monetary regulations making this idea illegal or at the very least not legally feasible in Lebanon:
Currently, there is no legal recognition of e-money in Lebanon, and no evidence of e-money issuers operating legally. In 2000, the Banque Du Liban issued Circular 69 which covers all operations and activities conducted through electronic means by both banks and non-banking financial institutions. The circular prohibits the issuance and use of e-money by any party.
There is also Basic Decision 7548, which allows for any financial activity to be performed electronically, but it also places specific restrictions on the use of mobile devices as a transaction/e-money channel. It is specifically stated in Article 3, that banking operations conducted through mobile phones are restricted to operation betweens the bank and it's customers, and again explicitly stating e-Money issuance is strictly forbidden.

I'm not trying to poop on anyone's parade. I just want people to be absolutely aware of how the laws work here in order to work around them, or go down to the streets and call for the circulars to be altered or to call for progressive financial inclusion laws.
The positive side here is that a lot of the non-banking financial sector is highly under-regulated or out-dated, and any innovation that can work around being categorized a virtual/electronic wallet should be able to get away with it scotfree, at least until regulations catch up to it and address it (which is what happened to P2P and crowd-funding).
I think the keyword here is "electronic" - if you can avoid having what you're doing be categorised as electronic/digital currency, you're in the clear. What you do need to figure out is how to get the money into the country through legal means that allow for the money to actually be used - it would seem to be that using a local bank is almost inevitable.
It's awesome people want to help out in anyway they can, and it's much needed help, but we also need to understand how our financial regulatory frameworks function, and what they cover.

I don't think I can answer most questions you might have, I can try, since I did do a fair share of research on the financial system in Lebanon, but I am a designer, and not a finance/economic law specialist.


Sources
Chance, C. 2017 "Fintech in the Middle East An Overview". Pg 12.
Banque Du Liban. 2017. "Payments and Security Settlement Systems in Lebanon". Pg 19.
Banque Du Liban. 2000. "Basic Circular No 69 Addressed to Banks, and also to Financial Institutions and Institutions Engaged in Financial and Banking Operations". Pg 5.
Edit:
I'm saying if whatever form of currency, such as e-Money/Bitcoin, lacks liquidity in the country, then the money can't actually help the people it's trying to help. I'm trying to offer insight, and provided sources talking about the regulatory frameworks in the country that could help whoever is involved in such a project to find ways around this hurdle.

Edit 2:
From Saradar Bank
Capital Markets Authority (CMA) issued Notification No 30 on electronic money risks, prohibiting licensed institutions and the public from issuing electronic money as well as marketing and trading in cryptocurrencies for their accounts or the account of their customers directly or indirectly including those negotiable in the regulated financial markets.
CMA is the same authority that regulates crowd-funding and P2P transactions. I'm unsure what to make of this.
submitted by ArchitectByMistake to lebanon [link] [comments]

Introduction to Cryptocurrency: BTC, the King of All Tokens

Introduction to Cryptocurrency: BTC, the King of All Tokens
Written by the CoinEx Institution, this series of jocular and easy to understand articles will show you everything you need to know about major cryptocurrencies, making you fully prepared before jumping into crypto!
https://preview.redd.it/d6qqcqnqpsn41.png?width=1638&format=png&auto=webp&s=3e1873bd9f22e159fe5675e1e7314a75eaf61ad4
If you are not in the cryptocurrency field, “BTC” may be a stranger to you, but not the Bitcoin. BTC is the abbreviation for Bitcoin. In addition, it has another name: XBT.
Speaking of BTC, we have to mention one name, Satoshi Nakamoto, father of BTC. His story started from 2008 when a financial crisis broke out across the world, which laid a foundation for the birth of BTC.
On November 1 that year, a person claiming to be Satoshi Nakamoto published the BTC White Paper titled “BTC: A Peer-to-Peer Electronic Cash System” on a P2P foundation website, marking the birth of BTC. Two months later, on January 3, 2009, the BTC genesis block was created. BTC got rid of the constraints of third-party institutions by distributed ledgers, which Nakamoto called the “blockchain.” If users are prepared to dedicate their CPU hashrate to run a special software, they can become a “miner”. While mining new BTC, the miners also set up a network to maintain the blockchain together.
At the time, BTC was considered as a virtual commodity, not a currency, by some countries, banks and government agencies. It wasn’t until one day a man bought two pizzas for the 10,000 BTC he had mined that BTC had its value (What a losing business).
After that, there are ups and downs of the BTC market, but the identity of Nakamoto, has always remained a mystery. Some say he’s from the National Security Agency, and some say he’s a financial expert. But still, he is nowhere to find, and nobody knows anything about him.
The wonderful part of BTC lies in the fact that it is something anyone can mine! But if you think you can mine as many BTC as you want, think twice. To avoid inflation, the upper limit for the number of BTC was set at 21 million. Without relying on the central authority, BTC is issued by the blockchain. Assets and transactions are secured by the digital encryption algorithms and the entire network to resist 51% hashrate attacks. Transaction records are collected and maintained by all computers on the network, and the validity of each transaction must be confirmed by blockchain inspection.
People say, having been widely recognized and used, the BTC technology presents all mankind with an era of blockchain. As the king of cryptocurrency, what makes BTC so special?
1. Decentralization
BTC is the first distributed cryptocurrency. The entire network consists of users and there is no central bank. Decentralization guarantees the security and freedom of BTC.
2.Worldwide circulation
BTC can be managed on any computer connected to the Internet. No matter where you are, you can mine, buy, sell or receive it. That is exactly what makes it a magnet for a lot of miners and users.
3. Exclusive ownership
Controlling your BTC requires your private key, which can be isolated and stored on any storage medium, and no one can get it except yourself. That experience makes you feel so special and secured.
4.Low transaction fees and no hidden costs
The BTC network will charge a certain fee for each transaction to ensure faster transaction execution. In addition, as an A-to-B payment method, BTC does not have tedious procedures or limits, and users only need to provide a BTC address to make payment. How convenient!
5. Cross-platform mining
Bitcoin is definitely a passion for geeks! Miners can discover the hashrate of different hardware on many platforms. BTC mining can be both profitable and fun.
Today the circulating market value of BTC has reached 1.32 trillion, and the reward is halved about every 4 years. In May 2020 we will usher in the third halving of Bitcoin, with a block height of 630,000, and the reward will be directly reduced from 12.5 BTC to 6.25 BTC. By 2140, there will be no more new Bitcoin generated in the world, and the number of Bitcoin in circulation will not exceed 21 million.
If you want to enter the cryptocurrency field, you might as well start by buying BTC. It may present a new door to wealth in front of you, and the key to this door lies in CoinEx. Come on, learn more and trade! https://www.coinex.com/
submitted by CoinExcom to Coinex [link] [comments]

My Thoughts On The Future Of Ethereum

As recommended by u/jtnichol, I've decided to make this a stand-alone post.
You may disagree with some of the stuff I say, but I think it could lead to further discussion, and also be aware that this is a work in progress and my thoughts are subject to change as time goes on. Please feel free to comment and provide more insight.
- ETH as money narrative
I think it's too early to call ETH money, I say this because the original narrative of BTC was that it was a p2p electronic cash system [white paper]. Well as we all know, that narrative is no longer the case. BTC has formed a new narrative, one that many people support and it has driven BTC to much further success than the original narrative. BTC is now known as a digital gold, a SoV. It is my opinion, that ETH will also change it's narrative down the road as many other use cases begin to pop up. There is nothing wrong with this, but I believe the majority of the people will not be using ETH as money and ETH will be used primarily by big businesses transacting on the network, and nodes securing the chain. I believe that if ETH cements the narrative of a type of digital oil, that narrative is still okay. ETH will primarily be used as fuel to power the blockchain.
- Stablecoins
I believe stablecoins will become the money used on Ethereum through it's L2 solutions, and I believe majority of the people will use stablecoins to conduct their regular lives on the Ethereum network. I am not sure if DAI will be that stablecoin, but I do believe governments will issue their own stablecoins to be used in their respective countries. The volatility nature of ETH is not something most people feel comfortable conducting business with, or even regular lives. People enjoy the stability of a currency. ETH volatility most likely will slow down, but I believe it can never achieve the stability that stablecoins will provide.
- Use Cases (Example)
DeFi has really picked up steam lately, but this is just an early use case of Ethereum's potential. I don't believe DeFi will be what pushes Ethereum into the mainstream. I am going to get really far fetched here, but I think gaming will play a major role in Ethereum's success. I think it's hard to see it now, but it is my belief that Virtual Reality will be a major success within the 10-20 year time-frame. People will have 2 lives, one in the real world and the other in a virtual world and this virtual world will be built on top of Ethereum through it's L2 solutions. If you've ever read the book [Ready Player One (Book)] or the movie [Ready Player One (Movie)] then you can get a feel for what I am envisioning. The value behind virtual assets on Ethereum is important, as unlike today's games where you can purchase an item on Fortnite , once the game is finished you no longer own that virtual item. This will all change with Ethereum because you will have complete ownership over all your virtual items. This is why I say people will have 2 lives, because in this virtual world those items are "real" and can be bought and sold just like real life, using the money earned in this virtual world to also conduct your lives in the real world.
- ETH 2.0
It is my belief that with the constant delays of ETH 2.0, many speculators have lost confidence in Ethereum for the time being. I stick by my claim that when full Proof of Stake is on the horizon and is proven to be successful, many of these speculators will return. It is also my belief that speculators and developers do value fast transaction times (In terms of smart contract functionality), as seen by EOS market share. The risk associated with the transition towards PoS should be considered when determining why speculators and investors are not flocking to Ethereum at the present. I am certain, many speculators are waiting on the sidelines to see whether or not ETH 2.0 is a success, and this is something no one knows for certain. This is why I believe ETH is seen as "undervalued" by many in this community. With that being said, ETH 2.0 is extremely important for the success of Ethereum moving forward. There are other risk involved with Ethereum at the moment. As mentioned by u/etherbie, There is still a risk that a competitor takes Ethereum's place and becomes the one in which everything mentioned in my post is done by the competing chain. The likelihood of that happening is small, but we cannot disregard this possibility. When we have situations such as the [EIP 2025] popping up, or developers who aren't completely loyal to a single chain, this could all lead to the destruction of Ethereum. So it's important that we factor in these risks and to protect the future of Ethereum.
- Final Thoughts
To re-emphasize, these are purely ideas that I have pondered on for a few weeks now, and are subject to change as others provide further insight. This post was to promote discussion over the potential future of Ethereum.
submitted by Peng_Fei to ethtrader [link] [comments]

My Thoughts On The Future Of Ethereum

As recommended by u/jtnichol, I've decided to make this a stand-alone post.
You may disagree with some of the stuff I say, but I think it could lead to further discussion, and also be aware that this is a work in progress and my thoughts are subject to change as time goes on. Please feel free to comment and provide more insight.
- ETH as money narrative
I think it's too early to call ETH money, I say this because the original narrative of BTC was that it was a p2p electronic cash system [white paper]. Well as we all know, that narrative is no longer the case. BTC has formed a new narrative, one that many people support and it has driven BTC to much further success than the original narrative. BTC is now known as a digital gold, a SoV. It is my opinion, that ETH will also change it's narrative down the road as many other use cases begin to pop up. There is nothing wrong with this, but I believe the majority of the people will not be using ETH as money and ETH will be used primarily by big businesses transacting on the network, and nodes securing the chain. I believe that if ETH cements the narrative of a type of digital oil, that narrative is still okay. ETH will primarily be used as fuel to power the blockchain.
- Stablecoins
I believe stablecoins will become the money used on Ethereum through it's L2 solutions, and I believe majority of the people will use stablecoins to conduct their regular lives on the Ethereum network. I am not sure if DAI will be that stablecoin, but I do believe governments will issue their own stablecoins to be used in their respective countries. The volatility nature of ETH is not something most people feel comfortable conducting business with, or even regular lives. People enjoy the stability of a currency. ETH volatility most likely will slow down, but I believe it can never achieve the stability that stablecoins will provide.
- Use Cases (Example)
DeFi has really picked up steam lately, but this is just an early use case of Ethereum's potential. I don't believe DeFi will be what pushes Ethereum into the mainstream. I am going to get really far fetched here, but I think gaming will play a major role in Ethereum's success. I think it's hard to see it now, but it is my belief that Virtual Reality will be a major success within the 10-20 year time-frame. People will have 2 lives, one in the real world and the other in a virtual world and this virtual world will be built on top of Ethereum through it's L2 solutions. If you've ever read the book [Ready Player One (Book)] or the movie [Ready Player One (Movie)] then you can get a feel for what I am envisioning. The value behind virtual assets on Ethereum is important, as unlike today's games where you can purchase an item on Fortnite , once the game is finished you no longer own that virtual item. This will all change with Ethereum because you will have complete ownership over all your virtual items. This is why I say people will have 2 lives, because in this virtual world those items are "real" and can be bought and sold just like real life, using the money earned in this virtual world to also conduct your lives in the real world.
- ETH 2.0
It is my belief that with the constant delays of ETH 2.0, many speculators have lost confidence in Ethereum for the time being. I stick by my claim that when full Proof of Stake is on the horizon and is proven to be successful, many of these speculators will return. It is also my belief that speculators and developers do value fast transaction times (In terms of smart contract functionality), as seen by EOS market share. The risk associated with the transition towards PoS should be considered when determining why speculators and investors are not flocking to Ethereum at the present. I am certain, many speculators are waiting on the sidelines to see whether or not ETH 2.0 is a success, and this is something no one knows for certain. This is why I believe ETH is seen as "undervalued" by many in this community. With that being said, ETH 2.0 is extremely important for the success of Ethereum moving forward. There are other risk involved with Ethereum at the moment. As mentioned by u/etherbie, There is still a risk that a competitor takes Ethereum's place and becomes the one in which everything mentioned in my post is done by the competing chain. The likelihood of that happening is small, but we cannot disregard this possibility. When we have situations such as the [EIP 2025] popping up, or developers who aren't completely loyal to a single chain, this could all lead to the destruction of Ethereum. So it's important that we factor in these risks and to protect the future of Ethereum.
- Final Thoughts
To re-emphasize, these are purely ideas that I have pondered on for a few weeks now, and are subject to change as others provide further insight. This post was to promote discussion over the potential future of Ethereum.
submitted by Peng_Fei to ethereum [link] [comments]

Li Lihui, Former President of Bank of China: We are in a period of great opportunities for the development of blockchain technology and industrial innovation

Source: https://www.chainnews.com/articles/946394501375.htm
Source of this article: Sina Finance. This content is intended to convey more market information and does not constitute any investment advice.
Sina Finance News On November 29, 2019, the ReFinTech Financial Technology Summit was held at Beijing New World Hotel. Li Lihui, the head of the China Mutual Fund Association's blockchain team and former president of the Bank of China, attended and gave a speech. The topic of the speech was "National Strategy and Fiat Digital Currency."
Li Lihui said that digital currencies will play a central role in the global digital economy competition in the future, and it is necessary to step up research on feasible routes and implementation plans for the issuance of global digital currencies led by China. Digital finance is bound to further strengthen the globalization of finance. In the construction of the global system of digital finance, China should actively participate in and strive for the right to speak. It is necessary to strengthen international regulatory coordination, promote regulatory consensus, and establish a unified international regulatory standard for digital finance.

Blockchain technology architecture
Li Lihui pointed out that blockchain is an integrated innovation of multiple technologies and has the following four characteristics.
Chain block structure based on timestamp, it is difficult to tamper with the on-chain data; Real-time running system based on consensus algorithm, specified data can be shared; Based on self-rules of smart contracts, technical trust can be authenticated; Based on the end-to-end network of the encryption algorithm, the counterparties can choose each other.
According to different technical architectures, blockchain can be divided into 3 types.
The basic characteristics of the public blockchain architecture are: a decentralized distributed ledger that uses open read, write, and transaction permissions; a decentralized digital trust mechanism that uses consensus algorithms and encryption algorithms; and a virtual currency incentive mechanism that demonstrates work contribution and equity. .
The technical drawbacks of the public blockchain architecture are high hardware requirements and low transaction speed. If the public blockchain can break through the technical bottleneck of transaction speed and resource utilization efficiency, and achieve publicly recognized reliability, it may be able to expand the territory in social life and modern commerce.
The characteristic of the private blockchain architecture is that the distributed ledger is centralized, and the read, write, and transaction permissions must be approved by the "central" and subject to the constraints and restrictions of the "central". The digital trust mechanism of the private chain does not emphasize "going intermediary".
Private blockchain has the "centralization" feature of traditional information technology architecture, but uses blockchain technology such as distributed ledger, smart contracts, and encryption algorithms. Blockchain platforms are easy to integrate with existing information technology platforms and can establish bureaus Regional multi-dimensional interaction architecture improves data processing speed and quality.
Alliance blockchain can generally be regarded as a collection of private blockchains. It adopts a distributed, multi-center, intermediary architecture. Its basic characteristics are open-source, multi-center distributed ledger, limited license, limited authorization. Read, write, and transaction permissions, without emphasis on the digital trust mechanism of intermediaries.
Different from the traditional big center data architecture, the "central" status of the alliance chain may not be designated by the administration, but largely depends on the competitive results of technological advancement and service friendliness; "trust" can come from intermediaries and rely on tradition Credit model can also be technical trust without intermediary.
The characteristics of distributed, end-to-end, open source, and multi-center that the blockchain technology theoretically possesses are likely to restructure the technology architecture in a certain range and rebuild the business model in a certain range.
First, the distributed architecture and end-to-end network are helpful for the parallel transmission of information, the realization of information sharing, and the parallel control of control. In the scenario of many counterparties, many transaction links, long management chains, and high degree of discreteness, time-space folding And three-dimensional interactive business architecture to improve cooperation efficiency and operation efficiency.
Second, the chain block data structure, consensus mechanism, time stamp, and key technologies can help prevent tampering of the original data, control the risk of data leakage, and protect privacy and data security.
Third, smart contracts help to achieve differentiation and credibility of transaction rules, automate the execution of business processes, ensure the timeliness of transactions, avoid false transactions and repeated transactions, and reduce moral and operational risks to a certain extent.
In the field of finance, the application of the alliance's blockchain technology is likely to build a distributed ledger system in which large, medium and small financial institutions participate together, forming a technical platform for financial institutions to interconnect and interconnect, and to seamlessly link existing systems with innovative systems and realize financial The direct link between the service system and customers enables information sharing, product sharing, and service sharing to provide more efficient financial services.
The practice of blockchain technology development and application proves that in large-scale commercial applications, the alliance blockchain is most likely to become the mainstream architecture.

Central Bank Legal Digital Currency
Digital currencies with legal status, endorsement of state sovereignty, and subjects with issuance responsibility constitute legal digital currencies, or central bank digital currencies.
Central banks of many countries have long announced the launch of digital currency research and development. But regarding the basic structure of legal digital currency, countries are still demonstrating and have not yet made a choice.
The development of China's fiat digital currency lasted for 5 years, and there have recently been signs of preparation for issuance. According to the information disclosed by central bank officials, China's legal digital currency may be called DC / EP, Digital Currency / Electronic Payment, that is, digital currency and electronic payment.
First, adopt a two-tier operation delivery system to inherit the indirect issuance model. Applying digital technologies such as blockchain, fiat digital currencies can adopt the "central bank-public" direct issue model. In the direct issue model, the central bank can have the absolute power and ability to regulate the money market and can directly absorb public deposits, which will limit the initial credit capacity of commercial banks. If the indirect issuance model of the fiat currency "Central Bank-Commercial Bank-Public" is selected, it will inherit the current money market operation mechanism and monetary policy transmission mechanism.
The benefits of inheriting the current model are savings and robustness. First, it is not necessary to rebuild the financial infrastructure, which is conducive to saving investment; second, it is not necessary to restructure the currency issuance and management structure in addition to the old cloth, which is conducive to managing risks; third, it is not necessary to look forward and backward to connect different characteristics of the currency issuance model, which is conducive to stabilizing the market.
Second, adopt a parallel technical route and adhere to the central bank's central management model. Based on the judgment that "the existing blockchain technology cannot meet the high concurrent demand of the retail market in the super market", fiat digital currencies should remain technologically neutral and do not rely on a single technology. The central bank should adhere to a centralized management model to ensure the reliability of the monetary policy transmission mechanism, the efficiency of currency control, and prevent financial institutions from overspending.
Third, the "account loose coupling" method is adopted to replace the currency M0. Electronic payment tools such as WeChat Pay and Alipay use the "tight coupling of accounts" method. They need to be tied to a bank account and transfer value through the bank account. Under the real-name account management system, the need for anonymous payment cannot be realized. The fiat digital currency may adopt the method of "account loose coupling" plus electronic wallet, to achieve end-to-end value transfer from bank accounts, reduce the dependence of financial intermediaries on transaction links, and achieve controllable anonymous payments within the scope permitted by the central bank.
At present, the design of China's legal digital currency may be limited to replacing M0, that is, cash in circulation, rather than narrow money M1 and broad money M2. This depends on the judgment of the digital trends and potential market demand of China's M0, M1, and M2.
WeChat Pay and Alipay use digital technology to build mobile payment and living service platforms that use trust links as a link, breaking through the traditional payment model, and have achieved 1 billion straight-line links, ranking among the top 2 in global mobile payment platforms. WeChat Pay and Alipay dominated the retail payment market, with cash and ATM transactions significantly reduced, and bank cards became bundled account cards.
The legal digital currency in China's design can theoretically be separated from the network and from banks to perform value transfer. This is different from WeChat Pay and Alipay. But in the end, whether it can replace traditional currency forms, replace emerging electronic payment tools, and become the main currency form and main payment tool will be decided by the market: it is more convenient to use, the circulation cost is lower, and the public is willing to accept it, thereby forming an economic scale with commercial value .

Digital Economy National Strategy
The application of blockchain technology has extended to many fields such as digital finance, the Internet of Things, intelligent manufacturing, supply chain management, and digital asset trading. How to evaluate the current status of blockchain technology and industrial development? My opinion is that the underlying technology of the blockchain is not yet mature, and the technical bottlenecks of large-scale and reliable applications need to be broken. We are in the period of great opportunities for the development of blockchain technology and industrial innovation.
First, blockchain technology is still immature and bottlenecks need to be broken.
In the underlying technology, as a technology integration innovation, the basic components of the blockchain database, P2P peer-to-peer network, and cryptographic algorithms are relatively mature, but they must further meet the new requirements of integrated applications; new mechanisms such as consensus mechanisms and smart contracts Technology needs to be improved. Gartner, a technology consulting company, believes that it will take 5-10 years for blockchain technology to mature.
At present, large-scale applications of blockchain technology have not been implemented in various countries. China's blockchain technology research and development is committed to breaking through the bottleneck of large-scale reliable applications.
The first is private computing technology. Under the blockchain consensus mechanism, how to effectively shield sensitive information, improve signature technology, secure computing technology, encryption technology, trusted execution technology, etc., to ensure data security and digital link reliability.
The second is the authenticity supervision mechanism. How to ensure the authenticity and integrity of the data before the on-chain, when the blockchain technology is used to trace the source of various assets, a closed loop is truly formed to avoid information distortion and prevent speculation.
The third is smart contract technology. How to avoid technical loopholes in smart contracts, and achieve controllable business logic corrections and contract upgrades.
The fourth is key technology. Key security is the cornerstone of blockchain trust. In the unique technical structure of the private key, how to effectively prevent the private key from being stolen or deleted maliciously, and to remedy the loss and theft of the private key.
Fifth, integration of diversified technology platforms. How to optimize the multi-dimensional parallel interaction architecture to achieve efficient links between more participants; how to improve the quality and speed of data processing to achieve ultra-large-scale, high reliability, and high security requirements.
Second, implement the national strategy for the digital economy.
The attitudes and trends of developed countries on digital finance and digital economy deserve our attention.
The United States is concerned about digital financial market norms. The focus of US regulation is to regulate digital financial markets and prevent digital financial instruments from being used in illegal areas. In 2017, the U.S. Securities and Exchange Commission included ICOs under supervision, and the U.S. Commodity Futures Trading Commission approved the Chicago Options Exchange and the Chicago Mercantile Exchange to launch Bitcoin futures trading. In 2018, the United States Securities and Exchange Commission stated that the regulatory strategy for digital currencies is to use case law enforcement rather than a systematic interpretation of securities laws, and to carefully, orderly, and actively clarify regulatory principles and boundaries.
Germany and France are concerned about digital sovereignty. On October 29, 2019, Germany and France announced the "Gaia-X" project involving German and French core companies, which aims to build a secure and reliable data infrastructure for Europe. German Economy Minister Peter. Altmeyer said that this infrastructure will help us regain digital sovereignty and lay the foundation for a digital ecosystem. French Minister of Economy and Finance Bruno. Lemaire said the project will include data storage, data concentration and data sharing. German Chancellor Angela Merkel said that what worries me most is that most of the processing of industrial and consumer data is done by American companies, and a kind of dependency relationship is being formed. Merkel advocates taking a long-term view and digitizing the overall layout from as many European perspectives as possible.
We should implement the national strategy of the digital economy and maintain the security of the digital economy.
The first is to master autonomous and controllable technologies.
On the underlying technologies such as the blockchain consensus mechanism and smart contracts, China currently lacks independent property rights. Most of the application projects in China use the open source blockchain underlying platform for adaptive adjustment and development, and optimize from the number of concurrent users, throughput, response time, availability, security, etc., to meet business needs, to achieve identity authentication, privacy Protection, node management and other functions.
Extensive application of foreign open source programs may lead to technology dependence risks, and must comply with the jurisdiction and legal constraints of the place where the open source platform is registered, potentially hiding geopolitical risks. For example, the terms of use of the open source program GitHub clearly state that the use of GitHub must not violate export control or sanctions laws in the United States or other applicable jurisdictions.
We should vigorously support technological innovation and strive to master digital technology. Clarify digital technology and digital industry policies, grant tax and fee concessions to digital technology R & D enterprises and professionals, encourage digital technology R & D and application, national team plus private team, Chinese plus foreign capital, large, medium, small and micro. In the field, we have independent and controllable intellectual property rights and establish global competitive advantages in key areas of digital economy and digital finance.
The development of next-generation computing architecture should be intensified to ensure the fairness and correctness of mathematical algorithms, the privacy and reliability of data, the security of the entire process and the entire cycle of data, and the speed and efficiency of mathematical algorithms.
The second is to accelerate standardization and institutional innovation.
The International Organization for Standardization ISO has established a blockchain and distributed ledger technical committee to study 11 standards, including terminology, reference architecture, privacy and personal information protection, security risks and vulnerabilities. The International Telecommunication Union (ITU) has established a distributed ledger technology security-related problem group to study 10 standards, including security assurance, security threats, and security framework. The development of IEEE standards for the Institute of Electrical and Electronics Engineers is mainly focused on blockchain in the fields of IoT data management, digital asset management, government department applications, and cryptocurrencies.
China's blockchain financial standardization construction and institutional construction have just begun. We should pay close attention to improving the technical standards, security specifications, and certification review systems for blockchain finance. Clarify the legal definition of assets, clarify the contractual nature and effectiveness of smart contracts, and clarify the responsible subjects and their behavioral and regulatory standards in a distributed architecture.
Based on the healthy development of digital finance, China should speed up the construction of the digital financial system and step up efforts to formulate digital financial systems such as blockchain financial supervision, digital asset market supervision, digital currency supervision, and legal digital currency issuance. Make overall plans and gradually establish a digital trust mechanism.
Digital currency will occupy a core position in the future global digital economic competition. It is necessary to step up research on the feasible path and implementation plan for the issuance of China-led global digital currency. It is necessary to further explore the feasible path of China's legal digital currency, including alternative range selection, controllable anonymous scale, offline operation technology, and so on.
Digital finance is bound to further strengthen the globalization of finance. In the construction of the global system of digital finance, China should actively participate in and strive for the right to speak. It is necessary to strengthen international regulatory coordination, promote regulatory consensus, and establish a unified international regulatory standard for digital finance.
submitted by Yayowam to CryptoCurrency [link] [comments]

Survey: Investors Likely to Flow Back to Gold; China Blockchain Euphoria Fading

Survey: Investors Likely to Flow Back to Gold; China Blockchain Euphoria Fading
According to a recent Twitter survey, Bitcoin investors are likely to turn to gold as the cryptocurrency’s most recent hype fizzles out, leaving losses in its wake. The poll, conducted by Novem Gold, reveals the extent of the disillusionment among BTC enthusiasts as prices remain largely suppressed in H2 2019.
This slump, however, is most alarming because it closely follows the sharp gains the coin had enjoyed after optimistic comments from the Chinese head of state regarding blockchain in October. The speech, widely regarded as a watershed moment for the cryptocurrency, could prove pivotal for Bitcoin and the crypto world. China’s massive population can single-handedly send the coin’s Bull Run back on track.
In his speech, Chinese President Xi Jinping referred to blockchain as “ an important breakthrough.” Before the statement, the prevailing sentiment was that the Chinese government was anti-blockchain. The primary signal came after its September 2017 banning of initial coin offerings (ICOs). The speech was therefore interpreted as a green light indicating that China was willing to embrace cryptocurrency trading in all its aspects, which would push Bitcoin prices once more to the moon.
China, for many years, has been the epicenter of blockchain and cryptocurrency activity. Before a large number of investors in other parts of the world grew accustomed to Bitcoin, China had already established itself as a mining hub. The East Asian nation has significantly contributed in many ways to the rise of the digital currency sector over the years.
As an illustration, as of 2017 the country’s insatiable need for crypto assets was almost 90% of crypto’s total global trading volumes. Shockingly, just a few months into 2018, this demand dipped below the 1% mark. This decline in demand also followed Bitcoin’s most significant price dip, which saw it go from a high of $19,800 to a low of $6,200 each in less than two months.

China is Pro Blockchain

The excitement over the Xi Jinping speech was therefore palpable in October when he said that his country would “seize the opportunity” that blockchain offers in research, standardization, and development. The Chinese President is the first leader of a global economic giant to make such friendly remarks towards a technology that is maligned by some of his peers.
If the government embraces cryptocurrencies, Chinese Bitcoin bulls would return and push prices through the roof. Following the unexpected speech, the price of Bitcoin temporarily surged, adding 40% after rallying to a high of $9,526 on November 4th.
Unfortunately, the rise halted and a consistent correction happened, lowering the value of the token to a $6,524 mark on November 25th, a much lower price than before the Xi effect. Bitcoin has, however, recouped some of its losses over the last few days, but it is still trading at half the price in comparison to June 2019.
The Chinese, in contrast to many other countries, have many advantages when it comes to cryptocurrency awareness. They have, for instance, long been aware of the virtues of speculation into new asset types. They are also more aware of virtual currencies and have, over time, developed cautionary optimism for digital currency regulation.
Tencent QQ’s reward program, for example, paid out in Q coins and had more than 221.4 million active users by 2006. Consequently, some of the earliest BTC adopters were Chinese. Bitcoin’s popularity in China also increased with the East Asian country’s rise to the position of the second most powerful economy on earth.
China’s 12-th strategic economic plan, released in 2011, was one of many development aspects aimed at the reduction of the poverty rampant in the nation’s rural zones. As a result of the economic success of this plan, China’s emerging middle class burst onto the scene, increasing the country’s domestic consumption from a low of 4% in 2000 to a high of 68% in 2012.
The money that was left over after savings were taken care of was channeled into speculative investing. Since this aspect of making money is a big part of the investment culture of the Chinese, the country’s investors took a quick liking to Bitcoin.
The Chinese, however, were not purchasing the digital asset for its privacy attributes but rather for its investment appeal. Unlike many Bitcoin enthusiasts in the West who love the digital currency for its P2P features, the Chinese adopted BT for its Gold 2.0 features. Speculating in gold is an investment activity most Chinese are accustomed to.
This difference is the reason why, when the Silk Road closed down, the Chinese market for crypto was hardly affected. In the West, however, the closure of the online black-market platform adversely affected Bitcoin prices.

BTC was Gold 2.0 to China

The interest in BTC investment in China rose even further with the loosening of the government’s tight grip on financial markets. At the time, Beijing was in the process of developing diverse financial markets for the new elite to invest in, such as derivatives. A strengthening economy with friendly regulations was just what the Bitcoin investment frenzy required.
With the creation of BTC mining hardware in 2013, the participation of the Chinese as miners and investors soared. New 2016 to 2017 crypto regulations, however, brought the Chinese crypto trading market to its knees because they quashed the ability to speculate in Gold 2.0.
Despite the death of crypto speculative trading, the Chinese crypto community is still very vibrant despite the stringent regulations around it. This resilience is especially visible in the area of blockchain application.
Such innovation is what the Xi Jinping government is promising to support, not decentralized cryptocurrencies that make it difficult for governments to control money as they wish. Since the pro-blockchain October speech, there has been a cascade of activity in the Chinese blockchain scene.
The Chinese central bank is, for instance, readying itself to release its Digital Currency Electronic Payment System. The People’s Bank of China intends to replace the use of fiat with the DCEP blockchain-based payments solution. This move would make the country the first major world economy to embrace a native digital currency.
With the launch of the digital payment systems, China would find it much easier to extend the influence of its monetary policy to the rest of the world. While Beijing has no regard for “censorship-resistant” and permission-less digital currencies — as they endanger capital controls — it is building its centralized digital currency to supplant Bitcoin.
This effort is a true testament to Bitcoin’s significance and the Chinese government’s appreciation that the world’s monetary system is dependent on technological advancements. Unlike the West, China has harnessed the power of internet connectivity without losing its control over freedom of expression. The economic giant is now strategizing ways that it can harness the power of blockchain, albeit minus its decentralized aspects.
It could be that the Chinese government’s interest in the blockchain is part of the drive to end the age of the USD. This is an opportunity to move the country past its dependence on US-owned foundational technologies. According to Xi China, through blockchain, will “take the leading position … occupy the commanding heights of innovation, and gain new industrial advantages.”
China, however, is determined to make its cryptocurrency more acceptable to the international and domestic markets than Bitcoin has ever been. The second-largest economy has been amassing massive amounts of gold, which analysts say will back its native digital currency.
A gold-backed digital currency is acceptable in any part of the world and will significantly enhance Beijing’s de-dollarization policy. It is therefore expected that the county will maintain its leading gold mining and buying positions in 2020, which should add more fuel to the ongoing global gold rally.
https://preview.redd.it/nc1l1mlcyq741.png?width=1200&format=png&auto=webp&s=3ea7c308c3e2e226d8eced72adabefba70d49a80
submitted by y0ujin to NovemGold [link] [comments]

List of Today's and Tomorrow's Upcoming Events

I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention houseme in the comments. We will make improvements based on your feedback.
 
https://kryptocal.com | /kryptocal | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal
 

ADD AN EVENT

If you like an event to be added, click Submit Event, and we will do the rest.
 

NEXT DAY UPCOMING EVENTS

 
General
Bonus Payments December 31, 2019
SDK Public v4.0 Release December 31, 2019
SGN And LiBA Mainnet December 31, 2019
BlockStamp DNS December 31, 2019
Mainnet Launch December 31, 2019
TestNet Release December 31, 2019
Final Platform Release December 31, 2019
Virtual Machine December 31, 2019
Mainnet Launch December 31, 2019
WordPress Plugin December 31, 2019
Multi-Chain Paper December 31, 2019
Go-Lachesis Release December 31, 2019
Mainnet Launch December 31, 2019
Mainnet Launch December 31, 2019
Lockup Mechanism December 31, 2019
Token Burn December 31, 2019
KAT Disabling Starts December 31, 2019
Mainnet Launch December 31, 2019
MultiPass Resource Launch December 31, 2019
Mines of Falunia Release December 31, 2019
Full Platform Launch December 31, 2019
Bitcoin(BTC) New Category: Perishables December 31, 2019
NEM(XEM) Catapult Mainnet December 31, 2019
Stellar(XLM) Q4 Protocol Upgrade December 31, 2019
Verge(XVG) Hardfork / Halving December 31, 2019
Stratis(STRAT) Proof-of-Stake Sidechains December 31, 2019
Stratis(STRAT) Stratis Core 2.0 Release December 31, 2019
Stratis(STRAT) Stratis Payment Gateway December 31, 2019
Stratis(STRAT) Java + JavaScript Support December 31, 2019
Ardor(ARDR) Pruning & Snapshots December 31, 2019
Waves(WAVES) IDE & Testing December 31, 2019
Dent(DENT) DENT eSIM (embedded SIM) December 31, 2019
PIVX(PIVX) AbraGlobal International December 31, 2019
Power Ledger(POWR) Fremantle Trial Ends December 31, 2019
Enigma(ENG) Networked Testnet Deployment December 31, 2019
TenX(PAY) TenX Cards EEA Launch December 31, 2019
Vertcoin(VTC) Quarterly Update December 31, 2019
iExec RLC(RLC) IExec V4 - HPC Computing December 31, 2019
WaBi(WABI) Expand to 500 Cities December 31, 2019
WaBi(WABI) Offline Marketing December 31, 2019
WaBi(WABI) Dual Frequency Chip December 31, 2019
WaBi(WABI) Labels w/ Metal Shielding December 31, 2019
WaBi(WABI) Expands to 250 Cities December 31, 2019
WaBi(WABI) Enhanced Marketing December 31, 2019
WaBi(WABI) AI Product Recommendation December 31, 2019
WaBi(WABI) Automatic Labeling December 31, 2019
WaBi(WABI) Payment Integration December 31, 2019
Nuls(NULS) 2.0 Mainnet Launch December 31, 2019
Genesis Vision(GVT) Q4 Token Burn December 31, 2019
Genesis Vision(GVT) Genesis Vision 2.0 December 31, 2019
Aeron(ARN) CBM Discount Card December 31, 2019
Aeron(ARN) Owner & Pilot Module December 31, 2019
Aeron(ARN) Flight Excursions December 31, 2019
VIBE(VIBE) Beta p2p File Sharing December 31, 2019
VIBE(VIBE) VIBEHub VR Headset December 31, 2019
VIBE(VIBE) Update VIBEHub SDK December 31, 2019
LIFE(LIFE) LIFEPaaS® Release December 31, 2019
Stox(STX) Annual Blockstack Summit December 31, 2019
Stox(STX) Smart Contract Language December 31, 2019
Stox(STX) Blockstack Authenticator December 31, 2019
KickCoin(KICK) KICKEX Exchange December 31, 2019
LUXCoin(LUX) LUX Web3 Interface December 31, 2019
LUXCoin(LUX) Address Visualizer December 31, 2019
LUXCoin(LUX) Zero Knowledge Proofs December 31, 2019
Hubii Network(HBT) Nahmii Public Exchange December 31, 2019
Nebulas(NAS) New Mainnet Release December 31, 2019
High Performance Blockchain(HPB) V2.0 Launch December 31, 2019
IOStoken(IOST) Network Optimization December 31, 2019
Theta Token(THETA) Expand Theta Content December 31, 2019
Elastos(ELA) Trinity Browser Release December 31, 2019
WePower(WPR) PPA Portfolio Tools December 31, 2019
DADI(DADI) DADI Queue Network-ready December 31, 2019
Pundi X [NEW](NPXS) Testnet Release December 31, 2019
Wancoin(WAN) PoS Mainnet Release December 31, 2019
Wancoin(WAN) New ERC20 Integrations December 31, 2019
Wancoin(WAN) Wanchain 4.0 Release December 31, 2019
Helbiz(HBZ) Car Sharing Infrastructure December 31, 2019
IoTeX(IOTX) Decentralized Governance December 31, 2019
Phantasma(SOUL) Phantasma Storage December 31, 2019
Phantasma(SOUL) Phantasma Storage December 31, 2019
QuarkChain(QKC) Token Testnet Release December 31, 2019
Bankera(BNK) Investment Solutions December 31, 2019 [Possible Date]
The Abyss(ABYSS) Atomic Heart Beta Release December 31, 2019
GoChain(GO) Payment Solutions December 31, 2019
0chain(ZCN) Decentralized Exchange December 31, 2019
Mainframe(MFT) Voltaire Beta 1 Release December 31, 2019
OneLedger(OLT) Mainnet Release December 31, 2019
Aegeus(AEG) AEG Network Integration December 31, 2019
Mass Vehicle Ledger(MVL) MVL, Participating in R&D December 31, 2019
aXpire(AXPR) MatchBX V1.0 December 31, 2019
YGGDRASH(YEED) Token Swap December 31, 2019
YGGDRASH(YEED) Fiat Currency Chain December 31, 2019
CoinMarketSuite January 1, 2020
ZenCash(ZEN) Faucet Bonus Day January 1, 2020
Rawcoin(XRC) Special Grace Period January 1, 2020
Auxilium(AUX) AUX Interest Distribution January 1, 2020
 
Software/Platforms
New App Funnel December 31, 2019
Hardware Wallets Support December 31, 2019
First dApps December 31, 2019
Stratis(STRAT) Breeze Privacy Protocol December 31, 2019
Stratis(STRAT) Stratis Mobile Wallet December 31, 2019
Ardor(ARDR) Wallet Prototype December 31, 2019
WaBi(WABI) New Consumer Scanning App D
 
There are more events but this message got too long
submitted by cryptocalbot to kryptocal [link] [comments]

Which are your Top 5 favourite coins out of the Top 100? An analysis.

I am putting together my investment portfolio for 2018 and made a complete summary of the current Top 100. Interestingly, I noticed that all coins can be categorized into 12 markets. Which markets do you think will play the biggest role in the coming year?
Here is a complete overview of all coins in an excel sheet including name, market, TPS, risk profile, time since launch (negative numbers mean that they are launching that many months in the future) and market cap. You can also sort by all of these fields of course. Coins written in bold are the strongest contenders within their market either due to having the best technology or having a small market cap and still excellent technology and potential. https://docs.google.com/spreadsheets/d/1s8PHcNvvjuy848q18py_CGcu8elRGQAUIf86EYh4QZo/edit#gid=0
The 12 markets are
  1. Currency 13 coins
  2. Platform 25 coins
  3. Ecosystem 9 coins
  4. Privacy 10 coins
  5. Currency Exchange Tool 8 coins
  6. Gaming & Gambling 5 coins
  7. Misc 15 coins
  8. Social Network 4 coins
  9. Fee Token 3 coins
  10. Decentralized Data Storage 4 coins
  11. Cloud Computing 3 coins
  12. Stable Coin 2 coins
Before we look at the individual markets, we need to take a look of the overall market and its biggest issue scalability first:
Cryptocurrencies aim to be a decentralized currency that can be used worldwide. Its goal is to replace dollar, Euro, Yen, all FIAT currencies worldwide. The coin that will achieve that will be worth several trillion dollars.
Bitcoin can only process 7 transactions per second (TPS). In order to replace all FIAT, it would need to perform at at least VISA levels, which usually processes around 3,000 TPS, up to 25,000 TPS during peak times and a maximum of 64,000 TPS. That means that this cryptocurrency would need to be able to perform at least several thousand TPS. However, a ground breaking technology should not look at current technology to set a goal for its use, i.e. estimating the number of emails sent in 1990 based on the number of faxes sent wasn’t a good estimate.
For that reason, 10,000 TPS is the absolute baseline for a cryptocurrency that wants to replace FIAT. This brings me to IOTA, which wants to connect all 80 billion IoT devices that are expected to exist by 2025, which constantly communicate with each other, creating 80 billion or more transactions per second. This is the benchmark that cryptocurrencies should be aiming for. Currently, 8 billion devices are connected to the Internet.
With its Lightning network recently launched, Bitcoin is realistically looking at 50,000 possible soon. Other notable cryptocurrencies besides IOTA and Bitcoin are Nano with 7,000 TPS already tested, Dash with several billion TPS possible with Masternodes, Neo, LISK and RHOC with 100,000 TPS by 2020, Ripple with 50,000 TPS, Ethereum with 10,000 with Sharding.
However, it needs to be said that scalability usually goes at the cost of decentralization and security. So, it needs to be seen, which of these technologies can prove itself resilient and performant.
Without further ado, here are the coins of the first market

Market 1 - Currency:

  1. Bitcoin: 1st generation blockchain with currently bad scalability currently, though the implementation of the Lightning Network looks promising and could alleviate most scalability concerns, scalability and high energy use.
  2. Ripple: Centralized currency that might become very successful due to tight involvement with banks and cross-border payments for financial institutions; banks and companies like Western Union and Moneygram (who they are currently working with) as customers customers. However, it seems they are aiming for more decentralization now.https://ripple.com/dev-blog/decentralization-strategy-update/. Has high TPS due to Proof of Correctness algorithm.
  3. Bitcoin Cash: Bitcoin fork with the difference of having an 8 times bigger block size, making it 8 times more scalable than Bitcoin currently. Further block size increases are planned. Only significant difference is bigger block size while big blocks lead to further problems that don't seem to do well beyond a few thousand TPS. Opponents to a block size argue that increasing the block size limit is unimaginative, offers only temporary relief, and damages decentralization by increasing costs of participation. In order to preserve decentralization, system requirements to participate should be kept low. To understand this, consider an extreme example: very big blocks (1GB+) would require data center level resources to validate the blockchain. This would preclude all but the wealthiest individuals from participating.Community seems more open than Bitcoin's though.
  4. Litecoin : Little brother of Bitcoin. Bitcoin fork with different mining algorithm but not much else.Copies everything that Bitcoin does pretty much. Lack of real innovation.
  5. Dash: Dash (Digital Cash) is a fork of Bitcoin and focuses on user ease. It has very fast transactions within seconds, low fees and uses Proof of Service from Masternodes for consensus. They are currently building a system called Evolution which will allow users to send money using usernames and merchants will find it easy to integrate Dash using the API. You could say Dash is trying to be a PayPal of cryptocurrencies. Currently, cryptocurrencies must choose between decentralization, speed, scalability and can pick only 2. With Masternodes, Dash picked speed and scalability at some cost of decentralization, since with Masternodes the voting power is shifted towards Masternodes, which are run by Dash users who own the most Dash.
  6. IOTA: 3rd generation blockchain called Tangle, which has a high scalability, no fees and instant transactions. IOTA aims to be the connective layer between all 80 billion IOT devices that are expected to be connected to the Internet in 2025, possibly creating 80 billion transactions per second or 800 billion TPS, who knows. However, it needs to be seen if the Tangle can keep up with this scalability and iron out its security issues that have not yet been completely resolved.
  7. Nano: 3rd generation blockchain called Block Lattice with high scalability, no fees and instant transactions. Unlike IOTA, Nano only wants to be a payment processor and nothing else, for now at least. With Nano, every user has their own blockchain and has to perform a small amount of computing for each transaction, which makes Nano perform at 300 TPS with no problems and 7,000 TPS have also been tested successfully. Very promising 3rd gen technology and strong focus on only being the fastest currency without trying to be everything.
  8. Decred: As mining operations have grown, Bitcoin’s decision-making process has become more centralized, with the largest mining companies holding large amounts of power over the Bitcoin improvement process. Decred focuses heavily on decentralization with their PoW Pos hybrid governance system to become what Bitcoin was set out to be. They will soon implement the Lightning Network to scale up. While there do not seem to be more differences to Bitcoin besides the novel hybrid consensus algorithm, which Ethereum, Aeternity and Bitcoin Atom are also implementing, the welcoming and positive Decred community and professoinal team add another level of potential to the coin.
  9. Aeternity: We’ve seen recently, that it’s difficult to scale the execution of smart contracts on the blockchain. Crypto Kitties is a great example. Something as simple as creating and trading unique assets on Ethereum bogged the network down when transaction volume soared. Ethereum and Zilliqa address this problem with Sharding. Aeternity focuses on increasing the scalability of smart contracts and dapps by moving smart contracts off-chain. Instead of running on the blockchain, smart contracts on Aeternity run in private state channels between the parties involved in the contracts. State channels are lines of communication between parties in a smart contract. They don’t touch the blockchain unless they need to for adjudication or transfer of value. Because they’re off-chain, state channel contracts can operate much more efficiently. They don’t need to pay the network for every time they compute and can also operate with greater privacy. An important aspect of smart contract and dapp development is access to outside data sources. This could mean checking the weather in London, score of a football game, or price of gold. Oracles provide access to data hosted outside the blockchain. In many blockchain projects, oracles represent a security risk and potential point of failure, since they tend to be singular, centralized data streams. Aeternity proposes decentralizing oracles with their oracle machine. Doing so would make outside data immutable and unchangeable once it reaches Aeternity’s blockchain. Of course, the data source could still be hacked, so Aeternity implements a prediction market where users can bet on the accuracy and honesty of incoming data from various oracles.It also uses prediction markets for various voting and verification purposes within the platform. Aeternity’s network runs on on a hybrid of proof of work and proof of stake. Founded by a long-time crypto-enthusiast and early colleague of Vitalik Buterin, Yanislav Malahov. Promising concept though not product yet
  10. Bitcoin Atom: Atomic Swaps and hybrid consenus. This looks like the only Bitcoin clone that actually is looking to innovate next to Bitcoin Cash.
  11. Dogecoin: Litecoin fork, fantastic community, though lagging behind a bit in technology.
  12. Bitcoin Gold: A bit better security than bitcoin through ASIC resistant algorithm, but that's it. Not that interesting.
  13. Digibyte: Digibyte's PoS blockchain is spread over a 100,000+ servers, phones, computers, and nodes across the globe, aiming for the ultimate level of decentralization. DigiByte rebalances the load between the five mining algorithms by adjusting the difficulty of each so one algorithm doesn’t become dominant. The algorithm's asymmetric difficulty has gained notoriety and been deployed in many other blockchains.DigiByte’s adoption over the past four years has been slow. It’s still a relatively obscure currency compared its competitors. The DigiByte website offers a lot of great marketing copy and buzzwords. However, there’s not much technical information about what they have planned for the future. You could say Digibyte is like Bitcoin, but with shorter blocktimes and a multi-algorithm. However, that's not really a difference big enough to truly set themselves apart from Bitcoin, since these technologies could be implemented by any blockchain without much difficulty. Their decentralization is probably their strongest asset, however, this also change quickly if the currency takes off and big miners decide to go into Digibyte.
  14. Bitcoin Diamond Asic resistant Bitcoin and Copycat

Market 2 - Platform

Most of the cryptos here have smart contracts and allow dapps (Decentralized apps) to be build on their platform and to use their token as an exchange of value between dapp services.
  1. Ethereum: 2nd generation blockchain that allows the use of smart contracts. Bad scalability currently, though this concern could be alleviated by the soon to be implemented Lightning Network aka Plasma and its Sharding concept.
  2. EOS: Promising technology that wants to be able do everything, from smart contracts like Ethereum, scalability similar to Nano with 1000 tx/second + near instant transactions and zero fees, to also wanting to be a platform for dapps. However, EOS doesn't have a product yet and everything is just promises still. Highly overvalued right now. However, there are lots of red flags, have dumped $500 million Ether over the last 2 months and possibly bought back EOS to increase the size of their ICO, which has been going on for over a year and has raised several billion dollars. All in all, their market cap is way too high for that and not even having a product.
  3. Cardano: Similar to Ethereum/EOS, however, only promises made with no delivery yet, highly overrated right now. Interesting concept though. Market cap way too high for not even having a product. Somewhat promising technology.
  4. VeChain: Singapore-based project that’s building a business enterprise platform and inventory tracking system. Examples are verifying genuine luxury goods and food supply chains. Has one of the strongest communities in the crypto world. Most hyped token of all, with merit though.
  5. Neo: Neo is a platform, similar to Eth, but more extensive, allowing dapps and smart contracts, but with a different smart contract gas system, consensus mechanism (PoS vs. dBfT), governance model, fixed vs unfixed supply, expensive contracts vs nearly free contracts, different ideologies for real world adoption. There are currently only 9 nodes, each of which are being run by a company/entity hand selected by the NEO council (most of which are located in china) and are under contract. This means that although the locations of the nodes may differ, ultimately the neo council can bring them down due to their legal contracts. In fact this has been done in the past when the neo council was moving 50 million neo that had been locked up. Also dbft (or neo's implmentation of it) has failed underload causing network outages during major icos. The first step in decentralization is that the NEO Counsel will select trusted nodes (Universities, business partners, etc.) and slowly become less centralized that way. The final step in decentralization will be allowing NEO holders to vote for new nodes, similar to a DPoS system (ARK/EOS/LISK). NEO has a regulation/government friendly ideology. Finally they are trying to work undewith the Chinese government in regards to regulations. If for some reason they wanted it shut down, they could just shut it down.
  6. Stellar: PoS system, similar goals as Ripple, but more of a platform than only a currency. 80% of Stellar are owned by Stellar.org still, making the currency centralized.
  7. Ethereum classic: Original Ethereum that decided not to fork after a hack. The Ethereum that we know is its fork. Uninteresing, because it has a lot of less resources than Ethereum now and a lot less community support.
  8. Ziliqa: Zilliqa is building a new way of sharding. 2400 tpx already tested, 10,000 tps soon possible by being linearly scalable with the number of nodes. That means, the more nodes, the faster the network gets. They are looking at implementing privacy as well.
  9. QTUM: Enables Smart contracts on the Bitcoin blockchain. Useful.
  10. Icon: Korean ethereum. Decentralized application platform that's building communities in partnership with banks, insurance providers, hospitals, and universities. Focused on ID verification and payments. No big differentiators to the other 20 Ethereums, except that is has a product. That is a plus. Maybe cheap alternative to Ethereum.
  11. LISK: Lisk's difference to other BaaS is that side chains are independent to the main chain and have to have their own nodes. Similar to neo whole allows dapps to deploy their blockchain to. However, Lisk is currently somewhat centralized with a small group of members owning more than 50% of the delegated positions. Lisk plans to change the consensus algorithm for that reason in the near future.
  12. Rchain: Similar to Ethereum with smart contract, though much more scalable at an expected 40,000 TPS and possible 100,000 TPS. Not launched yet. No product launched yet, though promising technology. Not overvalued, probably at the right price right now.
  13. ARDR: Similar to Lisk. Ardor is a public blockchain platform that will allow people to utilize the blockchain technology of Nxt through the use of child chains. A child chain, which is a ‘light’ blockchain that can be customized to a certain extent, is designed to allow easy self-deploy for your own blockchain. Nxt claims that users will "not need to worry" about security, as that part is now handled by the main chain (Ardor). This is the chief innovation of Ardor. Ardor was evolved from NXT by the same company. NEM started as a NXT clone.
  14. Ontology: Similar to Neo. Interesting coin
  15. Bytom: Bytom is an interactive protocol of multiple byte assets. Heterogeneous byte-assets (indigenous digital currency, digital assets) that operate in different forms on the Bytom Blockchain and atomic assets (warrants, securities, dividends, bonds, intelligence information, forecasting information and other information that exist in the physical world) can be registered, exchanged, gambled and engaged in other more complicated and contract-based interoperations via Bytom.
  16. Nxt: Similar to Lisk
  17. Stratis: Different to LISK, Stratis will allow businesses and organizations to create their own blockchain according to their own needs, but secured on the parent Stratis chain. Stratis’s simple interface will allow organizations to quickly and easily deploy and/or test blockchain functionality of the Ethereum, BitShares, BitCoin, Lisk and Stratis environements.
  18. Status: Status provides access to all of Ethereum’s decentralized applications (dapps) through an app on your smartphone. It opens the door to mass adoption of Ethereum dapps by targeting the fastest growing computer segment in the world – smartphone users.16. Ark: Fork of Lisk that focuses on a smaller feature set. Ark wallets can only vote for one delegate at a time which forces delegates to compete against each other and makes cartel formations incredibly hard, if not impossible.
  19. Neblio: Similar to Neo, but 30x smaller market cap.
  20. NEM: Is similar to Neo No marketing team, very high market cap for little clarilty what they do.
  21. Bancor: Bancor is a Decentralized Liquidity Network that allows you to hold any Ethereum token and convert it to any other token in the network, with no counter party, at an automatically calculated price, using a simple web wallet.
  22. Dragonchain: The Purpose of DragonChain is to help companies quickly and easily incorporate blockchain into their business applications. Many companies might be interested in making this transition because of the benefits associated with serving clients over a blockchain – increased efficiency and security for transactions, a reduction of costs from eliminating potential fraud and scams, etc.
  23. Skycoin: Transactions with zero fees that take apparently two seconds, unlimited transaction rate, no need for miners and block rewards, low power usage, all of the usual cryptocurrency technical vulnerabilities fixed, a consensus mechanism superior to anything that exists, resistant to all conceivable threats (government censorship, community infighting, cybenucleaconventional warfare, etc). Skycoin has their own consensus algorithm known as Obelisk written and published academically by an early developer of Ethereum. Obelisk is a non-energy intensive consensus algorithm based on a concept called ‘web of trust dynamics’ which is completely different to PoW, PoS, and their derivatives. Skywire, the flagship application of Skycoin, has the ambitious goal of decentralizing the internet at the hardware level and is about to begin the testnet in April. However, this is just one of the many facets of the Skycoin ecosystem. Skywire will not only provide decentralized bandwidth but also storage and computation, completing the holy trinity of commodities essential for the new internet. Skycion a smear campaign launched against it, though they seem legit and reliable. Thus, they are probably undervalued.

Market 3 - Ecosystem

The 3rd market with 11 coins is comprised of ecosystem coins, which aim to strengthen the ease of use within the crypto space through decentralized exchanges, open standards for apps and more
  1. Nebulas: Similar to how Google indexes webpages Nebulas will index blockchain projects, smart contracts & data using the Nebulas rank algorithm that sifts & sorts the data. Developers rewarded NAS to develop & deploy on NAS chain. Nebulas calls this developer incentive protocol – basically rewards are issued based on how often dapp/contract etc. is used, the more the better the rewards and Proof of devotion. Works like DPoS except the best, most economically incentivised developers (Bookkeeppers) get the forging spots. Ensuring brains stay with the project (Cross between PoI & PoS). 2,400 TPS+, DAG used to solve the inter-transaction dependencies in the PEE (Parallel Execution Environment) feature, first crypto Wallet that supports the Lightening Network.
  2. Waves: Decentralized exchange and crowdfunding platform. Let’s companies and projects to issue and manage their own digital coin tokens to raise money.
  3. Salt: Leveraging blockchain assets to secure cash loands. Plans to offer cash loans in traditional currencies, backed by your cryptocurrency assets. Allows lenders worldwide to skip credit checks for easier access to affordable loans.
  4. CHAINLINK: ChainLink is a decentralized oracle service, the first of its kind. Oracles are defined as an ‘agent’ that finds and verifies real-world occurrences and submits this information to a blockchain to be used in smart contracts.With ChainLink, smart contract users can use the network’s oracles to retrieve data from off-chain application program interfaces (APIs), data pools, and other resources and integrate them into the blockchain and smart contracts. Basically, ChainLink takes information that is external to blockchain applications and puts it on-chain. The difference to Aeternity is that Chainlink deploys the smart contracts on the Ethereum blockchain while Aeternity has its own chain.
  5. WTC: Combines blockchain with IoT to create a management system for supply chains Interesting
  6. Ethos unifyies all cryptos. Ethos is building a multi-cryptocurrency phone wallet. The team is also building an investment diversification tool and a social network
  7. Aion: Aion is the token that pays for services on the Aeternity platform.
  8. USDT: is no cryptocurrency really, but a replacement for dollar for trading After months of asking for proof of dollar backing, still no response from Tether.

Market 4 - Privacy

The 4th market are privacy coins. As you might know, Bitcoin is not anonymous. If the IRS or any other party asks an exchange who is the identity behind a specific Bitcoin address, they know who you are and can track back almost all of the Bitcoin transactions you have ever made and all your account balances. Privacy coins aim to prevent exactly that through address fungability, which changes addresses constantly, IP obfuscation and more. There are 2 types of privacy coins, one with completely privacy and one with optional privacy. Optional Privacy coins like Dash and Nav have the advantage of more user friendliness over completely privacy coins such as Monero and Enigma.
  1. Monero: Currently most popular privacy coin, though with a very high market cap. Since their privacy is all on chain, all prior transactions would be deanonymized if their protocol is ever cracked. This requires a quantum computing attack though. PIVX is better in that regard.
  2. Zcash: A decentralized and open-source cryptocurrency that hide the sender, recipient, and value of transactions. Offers users the option to make transactions public later for auditing. Decent privacy coin, though no default privacy
  3. Verge: Calls itself privacy coin without providing private transactions, multiple problems over the last weeks has a toxic community, and way too much hype for what they have.
  4. Bytecoin: First privacy-focused cryptocurrency with anonymous transactions. Bytecoin’s code was later adapted to create Monero, the more well-known anonymous cryptocurrency. Has several scam accusations, 80% pre-mine, bad devs, bad tech
  5. Bitcoin Private: A merge fork of Bitcoin and Zclassic with Zclassic being a fork of Zcash with the difference of a lack of a founders fee required to mine a valid block. This promotes a fair distribution, preventing centralized coin ownership and control. Bitcoin private offers the optional ability to keep the sender, receiver, and amount private in a given transaction. However, this is already offered by several good privacy coins (Monero, PIVX) and Bitcoin private doesn't offer much more beyond this.
  6. Komodo: The Komodo blockchain platform uses Komodo’s open-source cryptocurrency for doing transparent, anonymous, private, and fungible transactions. They are then made ultra-secure using Bitcoin’s blockchain via a Delayed Proof of Work (dPoW) protocol and decentralized crowdfunding (ICO) platform to remove middlemen from project funding. Offers services for startups to create and manage their own Blockchains.
  7. PIVX: As a fork of Dash, PIVX uses an advanced implementation of the Zerocoin protocol to provide it’s privacy. This is a form of zeroknowledge proofs, which allow users to spend ‘Zerocoins’ that have no link back to them. Unlike Zcash u have denominations in PIVX, so they can’t track users by their payment amount being equal to the amount of ‘minted’ coins, because everyone uses the same denominations. PIVX is also implementing Bulletproofs, just like Monero, and this will take care of arguably the biggest weakness of zeroknowledge protocols: the trusted setup.
  8. Zcoin: PoW cryptocurrency. Private financial transactions, enabled by the Zerocoin Protocol. Zcoin is the first full implementation of the Zerocoin Protocol, which allows users to have complete privacy via Zero-Knowledge cryptographic proofs.
  9. Enigma: Monero is to Bitcoin what enigma is to Ethereum. Enigma is for making the data used in smart contracts private. More of a platform for dapps than a currency like Monero. Very promising.
  10. Navcoin: Like bitcoin but with added privacy and pos and 1,170 tps, but only because of very short 30 second block times. Though, privacy is optional, but aims to be more user friendly than Monero. However, doesn't really decide if it wants to be a privacy coin or not. Same as Zcash.Strong technology, non-shady team.
  11. Tenx: Raised 80 million, offers cryptocurrency-linked credit cards that let you spend virtual money in real life. Developing a series of payment platforms to make spending cryptocurrency easier. However, the question is if full privacy coins will be hindered in growth through government regulations and optional privacy coins will become more successful through ease of use and no regulatory hindrance.

Market 5 - Currency Exchange Tool

Due to the sheer number of different cryptocurrencies, exchanging one currency for the other it still cumbersome. Further, merchants don’t want to deal with overcluttered options of accepting cryptocurrencies. This is where exchange tool like Req come in, which allow easy and simple exchange of currencies.
  1. Cryptonex: Fiat and currency exchange between various blockchain services, similar to REQ.
  2. QASH: Qash is used to fuel its liquid platform which will be an exchange that will distribute their liquidity pool. Its product, the Worldbook is a multi-exchange order book that matches crypto to crypto, and crypto to fiat and the reverse across all currencies. E.g., someone is selling Bitcoin is USD on exchange1 not owned by Quoine and someone is buying Bitcoin in EURO on exchange 2 not owned by Quoine. If the forex conversions and crypto conversions match then the trade will go through and the Worldbook will match it, it'll make the sale and the purchase on either exchange and each user will get what they wanted, which means exchanges with lower liquidity if they join the Worldbook will be able to fill orders and take trade fees they otherwise would miss out on.They turned it on to test it a few months ago for an hour or so and their exchange was the top exchange in the world by 4x volume for the day because all Worldbook trades ran through it. Binance wants BNB to be used on their one exchange. Qash wants their QASH token embedded in all of their partners. More info here https://www.reddit.com/CryptoCurrency/comments/8a8lnwhich_are_your_top_5_favourite_coins_out_of_the/dwyjcbb/?context=3
  3. Kyber: network Exchange between cryptocurrencies, similar to REQ. Features automatic coin conversions for payments. Also offers payment tools for developers and a cryptocurrency wallet.
  4. Achain: Building a boundless blockchain world like Req .
  5. Req: Exchange between cryptocurrencies.
  6. Bitshares: Exchange between cryptocurrencies. Noteworthy are the 1.5 second average block times and throughput potential of 100,000 transactions per second with currently 2,400 TPS having been proven. However, bitshares had several Scam accusations in the past.
  7. Loopring: A protocol that will enable higher liquidity between exchanges and personal wallets.
  8. ZRX: Open standard for dapps. Open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain. In 0x protocol, orders are transported off-chain, massively reducing gas costs and eliminating blockchain bloat. Relayers help broadcast orders and collect a fee each time they facilitate a trade. Anyone can build a relayer.

Market 6 - Gaming

With an industry size of $108B worldwide, Gaming is one of the largest markets in the world. For sure, cryptocurrencies will want to have a share of that pie.
  1. Storm: Mobile game currency on a platform with 9 million players.
  2. Fun: A platform for casino operators to host trustless, provably-fair gambling through the use of smart contracts, as well as creating their own implementation of state channels for scalability.
  3. Electroneum: Mobile game currency They have lots of technical problems, such as several 51% attacks
  4. Wax: Marketplace to trade in-game items

Market 7 - Misc

There are various markets being tapped right now. They are all summed up under misc.
  1. OMG: Omise is designed to enable financial services for people without bank accounts. It works worldwide and with both traditional money and cryptocurrencies.
  2. Power ledger: Australian blockchain-based cryptocurrency and energy trading platform that allows for decentralized selling and buying of renewable energy. Unique market and rather untapped market in the crypto space.
  3. Populous: A platform that connects business owners and invoice buyers without middlemen. Invoice sellers get cash flow to fund their business and invoice buyers earn interest. Similar to OMG, small market.
  4. Monacoin: The first Japanese cryptocurrency. Focused on micro-transactions and based on a popular internet meme of a type-written cat. This makes it similar to Dogecoin. Very niche, tiny market.
  5. Revain: Legitimizing reviews via the blockchain. Interesting concept, though market not as big.
  6. Augur: Platform to forecast and make wagers on the outcome of real-world events (AKA decentralized predictions). Uses predictions for a “wisdom of the crowd” search engine. Not launched yet.
  7. Substratum: Revolutionzing hosting industry via per request billing as a decentralized internet hosting system. Uses a global network of private computers to create the free and open internet of the future. Participants earn cryptocurrency. Interesting concept.
  8. Veritaseum: Is supposed to be a peer to peer gateway, though it looks like very much like a scam.
  9. TRON: Tronix is looking to capitalize on ownership of internet data to content creators. However, they plagiarized their white paper, which is a no go. They apologized, so it needs to be seen how they will conduct themselves in the future. Extremely high market cap for not having a product, nor proof of concept.
  10. Syscoin: A cryptocurrency with a decentralized marketplace that lets people buy and sell products directly without third parties. Trying to remove middlemen like eBay and Amazon.
  11. Hshare: Most likely scam because of no code changes, most likely pump and dump scheme, dead community.
  12. BAT: An Ethereum-based token that can be exchanged between content creators, users, and advertisers. Decentralized ad-network that pays based on engagement and attention.
  13. Dent: Decentralizeed exchange of mobile data, enabling mobile data to be marketed, purchased or distributed, so that users can quickly buy or sell data from any user to another one.
  14. Ncash: End to end encrypted Identification system for retailers to better serve their customers .
  15. Factom Secure record-keeping system that allows companies to store their data directly on the Blockchain. The goal is to make records more transparent and trustworthy .

Market 8 - Social network

Web 2.0 is still going strong and Web 3.0 is not going to ignore it. There are several gaming tokens already out there and a few with decent traction already, such as Steem, which is Reddit with voting through money is a very interesting one.
  1. Mithril: As users create content via social media, they will be rewarded for their contribution, the better the contribution, the more they will earn
  2. Steem: Like Reddit, but voting with money. Already launched product and Alexa rank 1,000 Thumbs up.
  3. Rdd: Reddcoin makes the process of sending and receiving money fun and rewarding for everyone. Reddcoin is dedicated to one thing – tipping on social networks as a way to bring cryptocurrency awareness and experience to the general public.
  4. Kin: Token for the platform Kik. Kik has a massive user base of 400 million people. Replacing paying with FIAT with paying with KIN might get this token to mass adoption very quickly.

Market 9 - Fee token

Popular exchanges realized that they can make a few billion dollars more by launching their own token. Owning these tokens gives you a reduction of trading fees. Very handy and BNB (Binance Coin) has been one of the most resilient tokens, which have withstood most market drops over the last weeks and was among the very few coins that could show growth.
  1. BNB: Fee token for Binance
  2. Gas: Not a Fee token for an exchange, but it is a dividend paid out on Neo and a currency that can be used to purchase services for dapps.
  3. Kucoin: Fee token for Kucoin

Market 10 - Decentralized Data Storage

Currently, data storage happens with large companies or data centers that are prone to failure or losing data. Decentralized data storage makes loss of data almost impossible by distributing your files to numerous clients that hold tiny pieces of your data. Remember Torrents? Torrents use a peer-to-peer network. It is similar to that. Many users maintain copies of the same file, when someone wants a copy of that file, they send a request to the peer-to-peer network., users who have the file, known as seeds, send fragments of the file to the requester., he requester receives many fragments from many different seeds, and the torrent software recompiles these fragments to form the original file.
  1. Gbyte: Byteball data is stored and ordered using directed acyclic graph (DAG) rather than blockchain. This allows all users to secure each other's data by referencing earlier data units created by other users, and also removes scalability limits common for blockchains, such as blocksize issue.
  2. Siacoin: Siacoin is decentralized storage platform. Distributes encrypted files to thousands of private users who get paid for renting out their disk space. Anybody with siacoins can rent storage from hosts on Sia. This is accomplish via "smart" storage contracts stored on the Sia blockchain. The smart contract provides a payment to the host only after the host has kept the file for a given amount of time. If the host loses the file, the host does not get paid.
  3. Maidsafecoin: MaidSafe stands for Massive Array of Internet Disks, Secure Access for Everyone.Instead of working with data centers and servers that are common today and are vulnerable to data theft and monitoring, SAFE’s network uses advanced P2P technology to bring together the spare computing capacity of all SAFE users and create a global network. You can think of SAFE as a crowd-sourced internet. All data and applications reside in this network. It’s an autonomous network that automatically sets prices and distributes data and rents out hard drive disk space with a Blockchain-based storage solutions.When you upload a file to the network, such as a photo, it will be broken into pieces, hashed, and encrypted. The data is then randomly distributed across the network. Redundant copies of the data are created as well so that if someone storing your file turns off their computer, you will still have access to your data. And don’t worry, even with pieces of your data on other people’s computers, they won’t be able to read them. You can earn MadeSafeCoins by participating in storing data pieces from the network on your computer and thus earning a Proof of Resource.
  4. Storj: Storj aims to become a cloud storage platform that can’t be censored or monitored, or have downtime. Your files are encrypted, shredded into little pieces called 'shards', and stored in a decentralized network of computers around the globe. No one but you has a complete copy of your file, not even in an encrypted form.

Market 11 - Cloud computing

Obviously, renting computing power, one of the biggest emerging markets as of recent years, e.g. AWS and Digital Ocean, is also a service, which can be bought and managed via the blockchain.
  1. Golem: Allows easy use of Supercomputer in exchange for tokens. People worldwide can rent out their computers to the network and get paid for that service with Golem tokens.
  2. Elf: Allows easy use of Cloud computing in exchange for tokens.

Market 12 - Stablecoin

Last but not least, there are 2 stablecoins that have established themselves within the market. A stable coin is a coin that wants to be independent of the volatility of the crypto markets. This has worked out pretty well for Maker and DGD, accomplished through a carefully diversified currency fund and backing each token by 1g or real gold respectively. DO NOT CONFUSE DGD AND MAKER with their STABLE COINS DGX and DAI. DGD and MAKER are volatile, because they are the companies of DGX and DAI. DGX and DAI are the stable coins.
  1. DGD: Platform of the Stablecoin DGX. Every DGX coin is backed by 1g of gold and make use proof of asset consensus.
  2. Maker: Platform of the Stablecoin DAI that doesn't vary much in price through widespread and smart diversification of assets.
EDIT: Added a risk factor from 0 to 10. The baseline is 2 for any crypto. Significant scandals, mishaps, shady practices, questionable technology, increase the risk factor. Not having a product yet automatically means a risk factor of 6. Strong adoption and thus strong scrutiny or positive community lower the risk factor.
EDIT2: Added a subjective potential factor from 0 to 10, where its overall potential and a small or big market cap is factored in. Bitcoin with lots of potential only gets a 9, because of its massive market cap, because if Bitcoin goes 10x, smaller coins go 100x, PIVX gets a 10 for being as good as Monero while carrying a 10x smaller market cap, which would make PIVX go 100x if Monero goes 10x.
submitted by galan77 to CryptoCurrency [link] [comments]

Bitcoin & The End of State-Controlled Money: Q&A with Jerry Brito THE 2020 PANDEMIC CHANGES EXPOSED VIRTUAL CURRENCY What is Bitcoin CryptoCurrency, जिसकी मांग कर रहा था ट्विटर अकाउंट हैक करने वाला? Software Freedom Day - YouTube How to Buy Bitcoin - Best & Safest Websites to Buy/Purchase BTC - AngelKings.com

Ripple is known and considered the currency of banks, being completely centralized – moving away from the original idea of the rest of digital currencies.. It is a virtual system of payments in real time, used by financial institutions as a faster and cheaper way than other methods, lowering the internal costs of operations since it allows sending and receiving money or liquidating "Bitcoin is designed by people who believe in a certain type of economy, it is designed to be like gold, privileging hoarding" Michel Bauwens, P2P Foundation. Bitcoin can be described as a deflationary currency, or even a mere (virtual) commodity. Peer to Peer electronic cash system, P2P virtual currency, decentralised digital currency, Bitcoin p2p Crypto-currency. Contact Information -33.868900833333335 151.2070913888889 Places to buy bitcoin in exchange for other currencies. Note: Exchanges provide highly varying degrees of safety, security, privacy, and control over your funds and information. Perform your own due diligence and choose a wallet where you will keep your bitcoin before selecting an exchange. Virtual currency can be used as a representation of value for goods and services, and can be used by an unspecified number of users through the internet. It exists without the presence of a public issuing body such as a central bank, nor any regulators, and can be exchanged for currencies such as Yen, Dollars, Euros, and Renminbi, at

[index] [15910] [16882] [26750] [16778] [10492] [5751] [20929] [14035] [18802] [10663]

Bitcoin & The End of State-Controlled Money: Q&A with Jerry Brito

Some of the best bitcoin, ethereum and virtual currency exchanges include Gemini, Coinbase, Kraken and Poloniex. #Bitcoin, #BTC, #BuyBitcoin, #PurchaseBitcoin, #BuyingandSellingBTC Bitcoin is an online and secure virtual currency. It is already accepted as a payment method by many many online and offline vendors. Check out WeUseCoins. You can get a bitcoin wallet instantly here. A digital or crypto currency is a virtual currency that operates on the Internet. In addition to Bitcoin, many other crypto currencies operate worldwide such as Red Coin, Cisco, SiaCoin, VoiceCoin ... Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency. Although its status as a currency ... Bitcoin is the world's first fully decentralized, peer-to-peer (p2p) virtual currency. It allows users to make anonymous and untraceable cash transactions anywhere in the world without any sort of ...

Flag Counter