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The official bitcoin mining forum / subreddit / chat room / place to be!
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NiceHash - buy & sell hashing power

NiceHash offers you to buy or sell hashing power directly, no contracts, no limitations, pay-as-you-go if you're a buyer and be-paid-as-you-go if you're a seller. Why bother renting rigs, when you can rent hashing power? NiceHash brings more to renters and rig owners. Visit https://www.nicehash.com today! Simply create order and you are already mining your favorite coin or point your rig to our stratum server and you are already earning bitcoins.
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/r/LiteCoinDark

Litecoindark specs... Algorithm: Scrypt Halving: 12813 blocks Initial coins per block: 3200 coins Target spacing: 1 minute Target timespan: 5 hours Coinbase maturity: 5 blocks Max Coins: 82.003.200
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Bitcoin mentioned around Reddit: 24 GPU - GTX 1070 rig - Questions regarding Linux and best mining pool /r/gpumining

Bitcoin mentioned around Reddit: 24 GPU - GTX 1070 rig - Questions regarding Linux and best mining pool /gpumining submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Technical: Taproot: Why Activate?

This is a follow-up on https://old.reddit.com/Bitcoin/comments/hqzp14/technical_the_path_to_taproot_activation/
Taproot! Everybody wants it!! But... you might ask yourself: sure, everybody else wants it, but why would I, sovereign Bitcoin HODLer, want it? Surely I can be better than everybody else because I swapped XXX fiat for Bitcoin unlike all those nocoiners?
And it is important for you to know the reasons why you, o sovereign Bitcoiner, would want Taproot activated. After all, your nodes (or the nodes your wallets use, which if you are SPV, you hopefully can pester to your wallet vendoimplementor about) need to be upgraded in order for Taproot activation to actually succeed instead of becoming a hot sticky mess.
First, let's consider some principles of Bitcoin.
I'm sure most of us here would agree that the above are very important principles of Bitcoin and that these are principles we would not be willing to remove. If anything, we would want those principles strengthened (especially the last one, financial privacy, which current Bitcoin is only sporadically strong with: you can get privacy, it just requires effort to do so).
So, how does Taproot affect those principles?

Taproot and Your /Coins

Most HODLers probably HODL their coins in singlesig addresses. Sadly, switching to Taproot would do very little for you (it gives a mild discount at spend time, at the cost of a mild increase in fee at receive time (paid by whoever sends to you, so if it's a self-send from a P2PKH or bech32 address, you pay for this); mostly a wash).
(technical details: a Taproot output is 1 version byte + 32 byte public key, while a P2WPKH (bech32 singlesig) output is 1 version byte + 20 byte public key hash, so the Taproot output spends 12 bytes more; spending from a P2WPKH requires revealing a 32-byte public key later, which is not needed with Taproot, and Taproot signatures are about 9 bytes smaller than P2WPKH signatures, but the 32 bytes plus 9 bytes is divided by 4 because of the witness discount, so it saves about 11 bytes; mostly a wash, it increases blockweight by about 1 virtual byte, 4 weight for each Taproot-output-input, compared to P2WPKH-output-input).
However, as your HODLings grow in value, you might start wondering if multisignature k-of-n setups might be better for the security of your savings. And it is in multisignature that Taproot starts to give benefits!
Taproot switches to using Schnorr signing scheme. Schnorr makes key aggregation -- constructing a single public key from multiple public keys -- almost as trivial as adding numbers together. "Almost" because it involves some fairly advanced math instead of simple boring number adding, but hey when was the last time you added up your grocery list prices by hand huh?
With current P2SH and P2WSH multisignature schemes, if you have a 2-of-3 setup, then to spend, you need to provide two different signatures from two different public keys. With Taproot, you can create, using special moon math, a single public key that represents your 2-of-3 setup. Then you just put two of your devices together, have them communicate to each other (this can be done airgapped, in theory, by sending QR codes: the software to do this is not even being built yet, but that's because Taproot hasn't activated yet!), and they will make a single signature to authorize any spend from your 2-of-3 address. That's 73 witness bytes -- 18.25 virtual bytes -- of signatures you save!
And if you decide that your current setup with 1-of-1 P2PKH / P2WPKH addresses is just fine as-is: well, that's the whole point of a softfork: backwards-compatibility; you can receive from Taproot users just fine, and once your wallet is updated for Taproot-sending support, you can send to Taproot users just fine as well!
(P2WPKH and P2WSH -- SegWit v0 -- addresses start with bc1q; Taproot -- SegWit v1 --- addresses start with bc1p, in case you wanted to know the difference; in bech32 q is 0, p is 1)
Now how about HODLers who keep all, or some, of their coins on custodial services? Well, any custodial service worth its salt would be doing at least 2-of-3, or probably something even bigger, like 11-of-15. So your custodial service, if it switched to using Taproot internally, could save a lot more (imagine an 11-of-15 getting reduced from 11 signatures to just 1!), which --- we can only hope! --- should translate to lower fees and better customer service from your custodial service!
So I think we can say, very accurately, that the Bitcoin principle --- that YOU are in control of your money --- can only be helped by Taproot (if you are doing multisignature), and, because P2PKH and P2WPKH remain validly-usable addresses in a Taproot future, will not be harmed by Taproot. Its benefit to this principle might be small (it mostly only benefits multisignature users) but since it has no drawbacks with this (i.e. singlesig users can continue to use P2WPKH and P2PKH still) this is still a nice, tidy win!
(even singlesig users get a minor benefit, in that multisig users will now reduce their blockchain space footprint, so that fees can be kept low for everybody; so for example even if you have your single set of private keys engraved on titanium plates sealed in an airtight box stored in a safe buried in a desert protected by angry nomads riding giant sandworms because you're the frickin' Kwisatz Haderach, you still gain some benefit from Taproot)
And here's the important part: if P2PKH/P2WPKH is working perfectly fine with you and you decide to never use Taproot yourself, Taproot will not affect you detrimentally. First do no harm!

Taproot and Your Contracts

No one is an island, no one lives alone. Give and you shall receive. You know: by trading with other people, you can gain expertise in some obscure little necessity of the world (and greatly increase your productivity in that little field), and then trade the products of your expertise for necessities other people have created, all of you thereby gaining gains from trade.
So, contracts, which are basically enforceable agreements that facilitate trading with people who you do not personally know and therefore might not trust.
Let's start with a simple example. You want to buy some gewgaws from somebody. But you don't know them personally. The seller wants the money, you want their gewgaws, but because of the lack of trust (you don't know them!! what if they're scammers??) neither of you can benefit from gains from trade.
However, suppose both of you know of some entity that both of you trust. That entity can act as a trusted escrow. The entity provides you security: this enables the trade, allowing both of you to get gains from trade.
In Bitcoin-land, this can be implemented as a 2-of-3 multisignature. The three signatories in the multisgnature would be you, the gewgaw seller, and the escrow. You put the payment for the gewgaws into this 2-of-3 multisignature address.
Now, suppose it turns out neither of you are scammers (whaaaat!). You receive the gewgaws just fine and you're willing to pay up for them. Then you and the gewgaw seller just sign a transaction --- you and the gewgaw seller are 2, sufficient to trigger the 2-of-3 --- that spends from the 2-of-3 address to a singlesig the gewgaw seller wants (or whatever address the gewgaw seller wants).
But suppose some problem arises. The seller gave you gawgews instead of gewgaws. Or you decided to keep the gewgaws but not sign the transaction to release the funds to the seller. In either case, the escrow is notified, and if it can sign with you to refund the funds back to you (if the seller was a scammer) or it can sign with the seller to forward the funds to the seller (if you were a scammer).
Taproot helps with this: like mentioned above, it allows multisignature setups to produce only one signature, reducing blockchain space usage, and thus making contracts --- which require multiple people, by definition, you don't make contracts with yourself --- is made cheaper (which we hope enables more of these setups to happen for more gains from trade for everyone, also, moon and lambos).
(technology-wise, it's easier to make an n-of-n than a k-of-n, making a k-of-n would require a complex setup involving a long ritual with many communication rounds between the n participants, but an n-of-n can be done trivially with some moon math. You can, however, make what is effectively a 2-of-3 by using a three-branch SCRIPT: either 2-of-2 of you and seller, OR 2-of-2 of you and escrow, OR 2-of-2 of escrow and seller. Fortunately, Taproot adds a facility to embed a SCRIPT inside a public key, so you can have a 2-of-2 Taprooted address (between you and seller) with a SCRIPT branch that can instead be spent with 2-of-2 (you + escrow) OR 2-of-2 (seller + escrow), which implements the three-branched SCRIPT above. If neither of you are scammers (hopefully the common case) then you both sign using your keys and never have to contact the escrow, since you are just using the escrow public key without coordinating with them (because n-of-n is trivial but k-of-n requires setup with communication rounds), so in the "best case" where both of you are honest traders, you also get a privacy boost, in that the escrow never learns you have been trading on gewgaws, I mean ewww, gawgews are much better than gewgaws and therefore I now judge you for being a gewgaw enthusiast, you filthy gewgawer).

Taproot and Your Contracts, Part 2: Cryptographic Boogaloo

Now suppose you want to buy some data instead of things. For example, maybe you have some closed-source software in trial mode installed, and want to pay the developer for the full version. You want to pay for an activation code.
This can be done, today, by using an HTLC. The developer tells you the hash of the activation code. You pay to an HTLC, paying out to the developer if it reveals the preimage (the activation code), or refunding the money back to you after a pre-agreed timeout. If the developer claims the funds, it has to reveal the preimage, which is the activation code, and you can now activate your software. If the developer does not claim the funds by the timeout, you get refunded.
And you can do that, with HTLCs, today.
Of course, HTLCs do have problems:
Fortunately, with Schnorr (which is enabled by Taproot), we can now use the Scriptless Script constuction by Andrew Poelstra. This Scriptless Script allows a new construction, the PTLC or Pointlocked Timelocked Contract. Instead of hashes and preimages, just replace "hash" with "point" and "preimage" with "scalar".
Or as you might know them: "point" is really "public key" and "scalar" is really a "private key". What a PTLC does is that, given a particular public key, the pointlocked branch can be spent only if the spender reveals the private key of the given public key to you.
Another nice thing with PTLCs is that they are deniable. What appears onchain is just a single 2-of-2 signature between you and the developemanufacturer. It's like a magic trick. This signature has no special watermarks, it's a perfectly normal signature (the pledge). However, from this signature, plus some datta given to you by the developemanufacturer (known as the adaptor signature) you can derive the private key of a particular public key you both agree on (the turn). Anyone scraping the blockchain will just see signatures that look just like every other signature, and as long as nobody manages to hack you and get a copy of the adaptor signature or the private key, they cannot get the private key behind the public key (point) that the pointlocked branch needs (the prestige).
(Just to be clear, the public key you are getting the private key from, is distinct from the public key that the developemanufacturer will use for its funds. The activation key is different from the developer's onchain Bitcoin key, and it is the activation key whose private key you will be learning, not the developer's/manufacturer's onchain Bitcoin key).
So:
Taproot lets PTLCs exist onchain because they enable Schnorr, which is a requirement of PTLCs / Scriptless Script.
(technology-wise, take note that Scriptless Script works only for the "pointlocked" branch of the contract; you need normal Script, or a pre-signed nLockTimed transaction, for the "timelocked" branch. Since Taproot can embed a script, you can have the Taproot pubkey be a 2-of-2 to implement the Scriptless Script "pointlocked" branch, then have a hidden script that lets you recover the funds with an OP_CHECKLOCKTIMEVERIFY after the timeout if the seller does not claim the funds.)

Quantum Quibbles!

Now if you were really paying attention, you might have noticed this parenthetical:
(technical details: a Taproot output is 1 version byte + 32 byte public key, while a P2WPKH (bech32 singlesig) output is 1 version byte + 20 byte public key hash...)
So wait, Taproot uses raw 32-byte public keys, and not public key hashes? Isn't that more quantum-vulnerable??
Well, in theory yes. In practice, they probably are not.
It's not that hashes can be broken by quantum computes --- they're still not. Instead, you have to look at how you spend from a P2WPKH/P2PKH pay-to-public-key-hash.
When you spend from a P2PKH / P2WPKH, you have to reveal the public key. Then Bitcoin hashes it and checks if this matches with the public-key-hash, and only then actually validates the signature for that public key.
So an unconfirmed transaction, floating in the mempools of nodes globally, will show, in plain sight for everyone to see, your public key.
(public keys should be public, that's why they're called public keys, LOL)
And if quantum computers are fast enough to be of concern, then they are probably fast enough that, in the several minutes to several hours from broadcast to confirmation, they have already cracked the public key that is openly broadcast with your transaction. The owner of the quantum computer can now replace your unconfirmed transaction with one that pays the funds to itself. Even if you did not opt-in RBF, miners are still incentivized to support RBF on RBF-disabled transactions.
So the extra hash is not as significant a protection against quantum computers as you might think. Instead, the extra hash-and-compare needed is just extra validation effort.
Further, if you have ever, in the past, spent from the address, then there exists already a transaction indelibly stored on the blockchain, openly displaying the public key from which quantum computers can derive the private key. So those are still vulnerable to quantum computers.
For the most part, the cryptographers behind Taproot (and Bitcoin Core) are of the opinion that quantum computers capable of cracking Bitcoin pubkeys are unlikely to appear within a decade or two.
So:
For now, the homomorphic and linear properties of elliptic curve cryptography provide a lot of benefits --- particularly the linearity property is what enables Scriptless Script and simple multisignature (i.e. multisignatures that are just 1 signature onchain). So it might be a good idea to take advantage of them now while we are still fairly safe against quantum computers. It seems likely that quantum-safe signature schemes are nonlinear (thus losing these advantages).

Summary

I Wanna Be The Taprooter!

So, do you want to help activate Taproot? Here's what you, mister sovereign Bitcoin HODLer, can do!

But I Hate Taproot!!

That's fine!

Discussions About Taproot Activation

submitted by almkglor to Bitcoin [link] [comments]

small passive income while browsing the web

Introduction
If you were on the internet in the late 1990s, you might remember companies like "AllAdvantage" that promised to pay you to browse the web. You could install a program that tracked your browsing and showed you targeted ads at the top of the screen, then "AllAdvantage" would give you a cut of the ad revenue you generated.
These schemes largely disappeared after the dot-com crash. But Brendan Eich, the creator of the JavaScript programming language and cofounder and former CTO of Mozilla, thinks his company Brave Software has found a way to revive that old idea.
What is it?
Brave makes a browser based on Google Chrome that blocks tracking scripts and other technologies that spy on your online activity. As a result, it also blocks many web ads; if you visit any website using the Brave browser, you won’t see any ads. But Brave will give users the option to see ads that Eich says will respect your privacy. The ads will appear as desktop notifications, he says, not as replacements for the ads the Brave browser blocks. So you still won’t see ads on any website, but you might see them on the right lower corner of your screen. If you choose to see these ads, you’ll get 70 percent of the revenue they generate.
Eich hopes Brave can solve two of the web's most vexing problems the privacy and revenue problem by turning the traditional digital advertising model on its head. Today, ad networks pay sites for ad space and web browsers like Brave and Chrome deliver content from those publishers to users. Brave is trying to put the browser in the center of the advertising experience. Instead of paying publishers directly, ad networks would pay Brave, which will pass part of the money to users and keep a cut for itself.
By handling advertising in the browser on your device, Brave says it will be able to target ads without sending your data to the cloud, and protect your privacy. When you interact with an ad on Brave, the browser sends notice to the company's servers, but doesn't include any identifying information. Eich sees four sets of winners: browser makers get paid; users get paid, and get more privacy; advertisers can target pitches without running afoul of European privacy regulations; and publishers can survive in a world where many users are installing ad blockers.
Publishers and ad networks might bristle at the idea of putting browser makers in the middle of their business. But in recent years browsers have taken a more active role in shaping the web, instead of merely displaying a website’s content. Chrome now blocks ads on a small number of sites with particularly egregious advertising practices, while browsers like Firefox and Safari have added privacy protections. Meanwhile, browser plugins are giving users more control over their experience. There are Chrome extensions, for example, that let you change Facebook's color scheme, or change the way images are displayed on Pinterest. And of course there are extensions that block all ads.
Trying to win advertisers and publishers to a new model isn't Brave's only challenge. It also needs users. Eich says Brave has 15 million users and is growing.
Brave will give users a 70 percent cut of its advertising revenue, which Eich estimates could work out to about $10 a month. Brave will pay users with its own bitcoin-style "cryptocurrency” called Basic Attention Tokens or BAT, which has traded for as little as 24 cents over the past 12 months, according to CoinMarketCap. You can exchange the BAT you have received for viewing ads into USD, EUR, GBP, CHF and many more currencies.
The company offers a service through the cryptocurrency exchange Uphold to allow users to change, sell and buy BAT or donate it to publishers, and for publishers to exchange the BAT they receive for dollars. Advertisers like HomeDepot or recent campaigns included brands such as Verizon, Newegg, Chipotle, and PayPal/Honey, in addition to earlier campaigns by Amazon, Harry’s Razors, Intel, CBS, KIND snacks, Logitech, Lenovo, Grubhub, Belkin, Quickbooks, Evernote and some of cryptocurrency related companies, will be able to buy ads either with BAT or with traditional currencies.
Eich says Brave opted to create its own tokens using the Ethereum cryptocurrency platform in part to avoid regulatory requirements, such as verifying users' identifies, that partners like Uphold are better equipped to handle.
Estimated revenue? (depending on the country you live in the revenue can be higher or lower)
I made around 3oo$ so far this year using 3 devices, just for viewing some ads.
5 months so far july is not included if you calculate it down for 1 device, 100$/5months = 20$ a month just for viewing ads, you would need to buy risky stocks worth of 2000$ to get the same amount per month.
can only recommend everyone to try it, not every country has the same number of advertisers so you probably get the most out of it when you live in the USA.
If you are interested here is a quick guide how to set it up to get the max amount out of Brave:
Quickstartguide:
1 Download brave here
2 Activate the reward system (gif link below)Gif link
3 go into the settings an deactivate auto contribution and activate 5 ads per hour (image link below)image link
4 Create an Account on Uphold and connect it with your BraveBrowser.
Now you are good to go and can make some money on something you do anyway.
I hope this helps some folks in the community to make some extra bucks.
edit1:you can find more infos and support here:brave_browser & BATProject or www.brave.com
edit2:the earnings are depenging on the number of devices you are using and were you are living. Best paying countries: United States (69) United Kingdom (39) Canada (36) Australia (35) New Zealand (26) Germany (21) Ireland (21) France (18)( the number next to the country are the companies that are running ads on brave for this particular country, the more companies the more revenue )
you can find a full list with all countries and campaigns here: https://brave.com/transparency/
edit3:You don't need to browse to a certain website to receive ads, just browse as you are used to, play browser games, watch videos on youtube or do whatever you want.Sometimes Ads appear on the startpage looks like that https://i.imgur.com/5tohhRc.jpg and after some time on the right lower corner a clickable pop-up appears looks like that->https://i.imgur.com/CTGdVsu.png
edit4:If you want to import your bookmarks and settings from your old browser:on the right top corner of the browser is a button ->https://i.imgur.com/oi8EAri.jpg click it > than on settings > and than you got the option to import bookmarks and settings from your old browser.
If you want to sync brave between devices and for backups:type brave://flags/ into the adressbar and than brave sync into the search bar and acticate itif its enabled it should look like this https://imgur.com/a/tCMDgDjthan just click on sync ->https://i.imgur.com/oi8EAri.jpg
here is a guide ->https://support.brave.com/hc/en-us/articles/360021218111-How-do-I-set-up-Sync
edit5: Don't keep your BAT from free token grants to long in your browser, always send your bat to an external wallet or exchange like uphold, only tokens from free token grants have an expire date if they dont get used they go back to the bat pool. you can find more infos about this here -> https://support.brave.com/hc/en-us/articles/360018305731-Why-does-my-BAT-have-an-expiration-date-
submitted by OnlyReveal6 to beermoneyglobal [link] [comments]

[ Bitcoin ] Technical: Taproot: Why Activate?

Topic originally posted in Bitcoin by almkglor [link]
This is a follow-up on https://old.reddit.com/Bitcoin/comments/hqzp14/technical_the_path_to_taproot_activation/
Taproot! Everybody wants it!! But... you might ask yourself: sure, everybody else wants it, but why would I, sovereign Bitcoin HODLer, want it? Surely I can be better than everybody else because I swapped XXX fiat for Bitcoin unlike all those nocoiners?
And it is important for you to know the reasons why you, o sovereign Bitcoiner, would want Taproot activated. After all, your nodes (or the nodes your wallets use, which if you are SPV, you hopefully can pester to your wallet vendoimplementor about) need to be upgraded in order for Taproot activation to actually succeed instead of becoming a hot sticky mess.
First, let's consider some principles of Bitcoin.
I'm sure most of us here would agree that the above are very important principles of Bitcoin and that these are principles we would not be willing to remove. If anything, we would want those principles strengthened (especially the last one, financial privacy, which current Bitcoin is only sporadically strong with: you can get privacy, it just requires effort to do so).
So, how does Taproot affect those principles?

Taproot and Your /Coins

Most HODLers probably HODL their coins in singlesig addresses. Sadly, switching to Taproot would do very little for you (it gives a mild discount at spend time, at the cost of a mild increase in fee at receive time (paid by whoever sends to you, so if it's a self-send from a P2PKH or bech32 address, you pay for this); mostly a wash).
(technical details: a Taproot output is 1 version byte + 32 byte public key, while a P2WPKH (bech32 singlesig) output is 1 version byte + 20 byte public key hash, so the Taproot output spends 12 bytes more; spending from a P2WPKH requires revealing a 32-byte public key later, which is not needed with Taproot, and Taproot signatures are about 9 bytes smaller than P2WPKH signatures, but the 32 bytes plus 9 bytes is divided by 4 because of the witness discount, so it saves about 11 bytes; mostly a wash, it increases blockweight by about 1 virtual byte, 4 weight for each Taproot-output-input, compared to P2WPKH-output-input).
However, as your HODLings grow in value, you might start wondering if multisignature k-of-n setups might be better for the security of your savings. And it is in multisignature that Taproot starts to give benefits!
Taproot switches to using Schnorr signing scheme. Schnorr makes key aggregation -- constructing a single public key from multiple public keys -- almost as trivial as adding numbers together. "Almost" because it involves some fairly advanced math instead of simple boring number adding, but hey when was the last time you added up your grocery list prices by hand huh?
With current P2SH and P2WSH multisignature schemes, if you have a 2-of-3 setup, then to spend, you need to provide two different signatures from two different public keys. With Taproot, you can create, using special moon math, a single public key that represents your 2-of-3 setup. Then you just put two of your devices together, have them communicate to each other (this can be done airgapped, in theory, by sending QR codes: the software to do this is not even being built yet, but that's because Taproot hasn't activated yet!), and they will make a single signature to authorize any spend from your 2-of-3 address. That's 73 witness bytes -- 18.25 virtual bytes -- of signatures you save!
And if you decide that your current setup with 1-of-1 P2PKH / P2WPKH addresses is just fine as-is: well, that's the whole point of a softfork: backwards-compatibility; you can receive from Taproot users just fine, and once your wallet is updated for Taproot-sending support, you can send to Taproot users just fine as well!
(P2WPKH and P2WSH -- SegWit v0 -- addresses start with bc1q; Taproot -- SegWit v1 --- addresses start with bc1p, in case you wanted to know the difference; in bech32 q is 0, p is 1)
Now how about HODLers who keep all, or some, of their coins on custodial services? Well, any custodial service worth its salt would be doing at least 2-of-3, or probably something even bigger, like 11-of-15. So your custodial service, if it switched to using Taproot internally, could save a lot more (imagine an 11-of-15 getting reduced from 11 signatures to just 1!), which --- we can only hope! --- should translate to lower fees and better customer service from your custodial service!
So I think we can say, very accurately, that the Bitcoin principle --- that YOU are in control of your money --- can only be helped by Taproot (if you are doing multisignature), and, because P2PKH and P2WPKH remain validly-usable addresses in a Taproot future, will not be harmed by Taproot. Its benefit to this principle might be small (it mostly only benefits multisignature users) but since it has no drawbacks with this (i.e. singlesig users can continue to use P2WPKH and P2PKH still) this is still a nice, tidy win!
(even singlesig users get a minor benefit, in that multisig users will now reduce their blockchain space footprint, so that fees can be kept low for everybody; so for example even if you have your single set of private keys engraved on titanium plates sealed in an airtight box stored in a safe buried in a desert protected by angry nomads riding giant sandworms because you're the frickin' Kwisatz Haderach, you still gain some benefit from Taproot)
And here's the important part: if P2PKH/P2WPKH is working perfectly fine with you and you decide to never use Taproot yourself, Taproot will not affect you detrimentally. First do no harm!

Taproot and Your Contracts

No one is an island, no one lives alone. Give and you shall receive. You know: by trading with other people, you can gain expertise in some obscure little necessity of the world (and greatly increase your productivity in that little field), and then trade the products of your expertise for necessities other people have created, all of you thereby gaining gains from trade.
So, contracts, which are basically enforceable agreements that facilitate trading with people who you do not personally know and therefore might not trust.
Let's start with a simple example. You want to buy some gewgaws from somebody. But you don't know them personally. The seller wants the money, you want their gewgaws, but because of the lack of trust (you don't know them!! what if they're scammers??) neither of you can benefit from gains from trade.
However, suppose both of you know of some entity that both of you trust. That entity can act as a trusted escrow. The entity provides you security: this enables the trade, allowing both of you to get gains from trade.
In Bitcoin-land, this can be implemented as a 2-of-3 multisignature. The three signatories in the multisgnature would be you, the gewgaw seller, and the escrow. You put the payment for the gewgaws into this 2-of-3 multisignature address.
Now, suppose it turns out neither of you are scammers (whaaaat!). You receive the gewgaws just fine and you're willing to pay up for them. Then you and the gewgaw seller just sign a transaction --- you and the gewgaw seller are 2, sufficient to trigger the 2-of-3 --- that spends from the 2-of-3 address to a singlesig the gewgaw seller wants (or whatever address the gewgaw seller wants).
But suppose some problem arises. The seller gave you gawgews instead of gewgaws. Or you decided to keep the gewgaws but not sign the transaction to release the funds to the seller. In either case, the escrow is notified, and if it can sign with you to refund the funds back to you (if the seller was a scammer) or it can sign with the seller to forward the funds to the seller (if you were a scammer).
Taproot helps with this: like mentioned above, it allows multisignature setups to produce only one signature, reducing blockchain space usage, and thus making contracts --- which require multiple people, by definition, you don't make contracts with yourself --- is made cheaper (which we hope enables more of these setups to happen for more gains from trade for everyone, also, moon and lambos).
(technology-wise, it's easier to make an n-of-n than a k-of-n, making a k-of-n would require a complex setup involving a long ritual with many communication rounds between the n participants, but an n-of-n can be done trivially with some moon math. You can, however, make what is effectively a 2-of-3 by using a three-branch SCRIPT: either 2-of-2 of you and seller, OR 2-of-2 of you and escrow, OR 2-of-2 of escrow and seller. Fortunately, Taproot adds a facility to embed a SCRIPT inside a public key, so you can have a 2-of-2 Taprooted address (between you and seller) with a SCRIPT branch that can instead be spent with 2-of-2 (you + escrow) OR 2-of-2 (seller + escrow), which implements the three-branched SCRIPT above. If neither of you are scammers (hopefully the common case) then you both sign using your keys and never have to contact the escrow, since you are just using the escrow public key without coordinating with them (because n-of-n is trivial but k-of-n requires setup with communication rounds), so in the "best case" where both of you are honest traders, you also get a privacy boost, in that the escrow never learns you have been trading on gewgaws, I mean ewww, gawgews are much better than gewgaws and therefore I now judge you for being a gewgaw enthusiast, you filthy gewgawer).

Taproot and Your Contracts, Part 2: Cryptographic Boogaloo

Now suppose you want to buy some data instead of things. For example, maybe you have some closed-source software in trial mode installed, and want to pay the developer for the full version. You want to pay for an activation code.
This can be done, today, by using an HTLC. The developer tells you the hash of the activation code. You pay to an HTLC, paying out to the developer if it reveals the preimage (the activation code), or refunding the money back to you after a pre-agreed timeout. If the developer claims the funds, it has to reveal the preimage, which is the activation code, and you can now activate your software. If the developer does not claim the funds by the timeout, you get refunded.
And you can do that, with HTLCs, today.
Of course, HTLCs do have problems:
Fortunately, with Schnorr (which is enabled by Taproot), we can now use the Scriptless Script constuction by Andrew Poelstra. This Scriptless Script allows a new construction, the PTLC or Pointlocked Timelocked Contract. Instead of hashes and preimages, just replace "hash" with "point" and "preimage" with "scalar".
Or as you might know them: "point" is really "public key" and "scalar" is really a "private key". What a PTLC does is that, given a particular public key, the pointlocked branch can be spent only if the spender reveals the private key of the given private key to you.
Another nice thing with PTLCs is that they are deniable. What appears onchain is just a single 2-of-2 signature between you and the developemanufacturer. It's like a magic trick. This signature has no special watermarks, it's a perfectly normal signature (the pledge). However, from this signature, plus some datta given to you by the developemanufacturer (known as the adaptor signature) you can derive the private key of a particular public key you both agree on (the turn). Anyone scraping the blockchain will just see signatures that look just like every other signature, and as long as nobody manages to hack you and get a copy of the adaptor signature or the private key, they cannot get the private key behind the public key (point) that the pointlocked branch needs (the prestige).
(Just to be clear, the public key you are getting the private key from, is distinct from the public key that the developemanufacturer will use for its funds. The activation key is different from the developer's onchain Bitcoin key, and it is the activation key whose private key you will be learning, not the developer's/manufacturer's onchain Bitcoin key).
So:
Taproot lets PTLCs exist onchain because they enable Schnorr, which is a requirement of PTLCs / Scriptless Script.
(technology-wise, take note that Scriptless Script works only for the "pointlocked" branch of the contract; you need normal Script, or a pre-signed nLockTimed transaction, for the "timelocked" branch. Since Taproot can embed a script, you can have the Taproot pubkey be a 2-of-2 to implement the Scriptless Script "pointlocked" branch, then have a hidden script that lets you recover the funds with an OP_CHECKLOCKTIMEVERIFY after the timeout if the seller does not claim the funds.)

Quantum Quibbles!

Now if you were really paying attention, you might have noticed this parenthetical:
(technical details: a Taproot output is 1 version byte + 32 byte public key, while a P2WPKH (bech32 singlesig) output is 1 version byte + 20 byte public key hash...)
So wait, Taproot uses raw 32-byte public keys, and not public key hashes? Isn't that more quantum-vulnerable??
Well, in theory yes. In practice, they probably are not.
It's not that hashes can be broken by quantum computes --- they're still not. Instead, you have to look at how you spend from a P2WPKH/P2PKH pay-to-public-key-hash.
When you spend from a P2PKH / P2WPKH, you have to reveal the public key. Then Bitcoin hashes it and checks if this matches with the public-key-hash, and only then actually validates the signature for that public key.
So an unconfirmed transaction, floating in the mempools of nodes globally, will show, in plain sight for everyone to see, your public key.
(public keys should be public, that's why they're called public keys, LOL)
And if quantum computers are fast enough to be of concern, then they are probably fast enough that, in the several minutes to several hours from broadcast to confirmation, they have already cracked the public key that is openly broadcast with your transaction. The owner of the quantum computer can now replace your unconfirmed transaction with one that pays the funds to itself. Even if you did not opt-in RBF, miners are still incentivized to support RBF on RBF-disabled transactions.
So the extra hash is not as significant a protection against quantum computers as you might think. Instead, the extra hash-and-compare needed is just extra validation effort.
Further, if you have ever, in the past, spent from the address, then there exists already a transaction indelibly stored on the blockchain, openly displaying the public key from which quantum computers can derive the private key. So those are still vulnerable to quantum computers.
For the most part, the cryptographers behind Taproot (and Bitcoin Core) are of the opinion that quantum computers capable of cracking Bitcoin pubkeys are unlikely to appear within a decade or two.
So:
For now, the homomorphic and linear properties of elliptic curve cryptography provide a lot of benefits --- particularly the linearity property is what enables Scriptless Script and simple multisignature (i.e. multisignatures that are just 1 signature onchain). So it might be a good idea to take advantage of them now while we are still fairly safe against quantum computers. It seems likely that quantum-safe signature schemes are nonlinear (thus losing these advantages).

Summary

I Wanna Be The Taprooter!

So, do you want to help activate Taproot? Here's what you, mister sovereign Bitcoin HODLer, can do!

But I Hate Taproot!!

That's fine!

Discussions About Taproot Activation

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The Unofficial Cardano FAQ - V3

(if you would like to add information or see mistakes, just comment below and I will credit you)
What is Cardano? Cardano is an open source and permissionless "Third Generation" blockchain project being developed by IOHK. Development and research started in 2015, with the 1.0 mainnet launching in 2017. Cardano blockchain is currently being developed into two layers. The first one is the ledger of account values, and the second one is the reason why values are transferred from one account to the other.
  1. Cardano Settlement Layer (CSL) - The CSL acts as the ledger of account or balance ledger. This is an idea created as an improvement of bitcoin blockchain. It uses a proof-of-stake consensus algorithm known as Ouroboros to generate new blocks and confirm transactions.
  2. Cardano Computation Layer (CCL) - The CCL contains the data how values are transferred. Since the computation layer is not connected to balance ledger, users of the CCL can create customized rules (smart contracts) when evaluating transactions. (https://support.bitkub.com/hc/en-us/articles/360006678892-What-are-the-two-layers-of-Cardano-)
IOHK has the contract with an undisclosed party to develop the project until the end of 2020, at which point the community may elect another development team - on the assumption that the voting infrastructure has been completed. However CEO Charles Hoskinson has stated that they will develop the project until it is completed, and they are simply financed until the end of 2020.
Cardano was the first project built on a peer-reviewed scientific development method, resulting in dozens of research papers produced by IOHK. Among these papers is Ouroboros Genesis, proving that a Proof of Stake protocol can be just as secure as Proof of Work - which was originally developed for Bitcoin, and refined for Ethereum. This PoS protocol considerably lowers the resources cost to maintain network while still maintaining security and network speed.
Cardano as a financial infrastructure is not yet completed, With significant development to be rolled out.
What were the other two generations of blockchain? Gen 1 was Bitcoin. It exists by itself and talks to nobody but Bitcoin. It is capable of peer to peer transactions without a third party in such a way that you cannot cheat the system. This was a major step forward for the E-cash concept that people have been working on for the 20 years prior.
Gen 2 was Ethereum and other smart-contract platforms that allow other coins and platforms to be built on top of their infrastructure. These coins can interact with others on the platform, but cannot interact with other platforms. Meaning it is still not truly interoperable. Most Gen 2 blockchains are also using Proof of Work likes Bitcoin, which effects scaling. Also missing is a built-in method to pay for upgrades and voting mechanics for decision making.
Gen 3 blockchains are a complete package designed to replace the current financial infrastructure of the world. Cardano is using Proof of Stake to ensure security and decentralisation(Shelley). Scaling through parallel computation (Hydra in Basho), Sidechains to allow the platform to interact with other platforms (Basho), and also include mechanisms for voting for project funding, changes to the protocol and improvement proposals (Voltaire). Finally smart contracts platform for new and established projects that are developer friendly (Goguen).
Who is the team behind Cardano? There are three organisations that are contributing to the development of Cardano. The first is the Cardano Foundation, an objective, non-profit organisation based in Switzerland. Its core responsibilities are to nurture, grow and educate Cardano users and commercial communities, to engage with authorities on regulatory and commercial matters and to act as a blockchain and cryptocurrency standards body. The second entity is IOHK, a leading cryptocurrency research and development company, which holds the contract to develop the platform until 2020. The final business partner is Emurgo, which invests in start-ups and assists commercial ventures to build on the Cardano blockchain.
www.Cardano.org www.emurgo.io https://cardanofoundation.org/en/
What is the difference between Proof of Work and Proof of stake? Both these protocols are known as “consensus protocols” that confirm whether a transaction is valid or invalid without a middleman like Visa or your bank. Every node (active and updated copy of the blockchain) can agree that the transaction did take place legitimately. If more than half validators agree, then the ledger is updated and the transaction is now secured. Proof-of-Work (PoW) happens when a miner is elected to solve an exceptionally difficult math problem and gets credit for adding a verified block to the blockchain. Finding a solution is an arduous guessing game that takes a considerable amount of computing power to compete for the correct answer. It is like “pick a number between 1 and one trillion” and when you get it right, you get $30,000 in Bitcoin, so the more computers you have working on it, the faster you can solve it. Also the more people who are trying to solve the same block, the harder the algorithm, so it may become 1 in 20 trillion. The downside is the massive amounts of power required to run the computers that run the network, and the slow pace that blocks are solved. To “Hack” a PoW system, you need 51% of the computing power, which would allow you to deny transactions, or spend the same coin twice. At the moment there are 8 main mining operations for bitcoin, and 4 of them make up more that 51% of the mining power.
PoS instead selects a coin at random that already exists, and the person who owns that coin is elected to put the work in to validate the block. This means there is no contest and no guessing game. Some computer power is required, but only a fraction of a PoW system. The complex nature of selecting a coin that exists on the correct and longest chain and is owned by someone who can complete the block, AND in such a way that it is secure AND that computer currently running AND that person also having an incentive to complete the work, has made the development of PoS very slow. However only a few years ago it wasn’t even possible. In this method, the more of the coin (ADA) you stake, the more likely you are to be selected to close a block. Cardano also allows you to delegate your stake to someone else to validate the block so they do the work, and you share in the reward for doing so.
To “hack” a PoS blockchain you need to own 51% of the tokens, which is significantly harder than owning 51% of the computing power.
What is ADA and how is it different to Cardano? Cardano is the name of the network infrastructure, and can be thought of like a rail network. ADA is the native token that has been developed alongside Cardano to facilitate the network operation. This helps confusion and maintains distinction, compared to Ethereum being the native token of Ethereum. Similar to bitcoin or any other token, ADA can be sent peer to peer as payment, but is also the reward for running the network, and what is taken as transaction fees.
In this metaphor “Cardano” is the train tracks, that everything runs on. A stake pool would be the locomotive, facilitating transactions on the network while ADA is the coal that powers the locomotive. The train carriages are Decentralised applications (Dapps) that are also running on cardano tracks, but are not actively powering the network.
What is staking Cardano is a Proof of Stake protocol, and uses already existing coins like a marker to ensure security. The protocol chooses a coin at random and the owner of that coin is elected to validate a block of transactions. Staking is the process of adding your ADA coins to a Pool that has the resources to run the network. If the pool you have chosen to "delegate" your stake to is chosen to close/validate a block, then you get a portion of the rewards. The ADA never leaves your wallet, and you can "undelegate" whenever you like. this increases stability of the network and also gives an incentive to pool operators to invest the time and hardware required to run a pool.
What is a stake-pool and how does it work? Cardano.org FAQ on the issue goes into much more detail
A stake pool is where the computing power of the network takes place. During ITN there was 1200 registered stake pools while 300 were creating blocks. You can manage your own stake-pool or delegate your ADA to an already registered pool. Rewards are determined by the protocol, however the pool may elect to charge fee Percentages, or flat rate fee to upkeep their pool.
Can I Stake my ADA right now? The staking testnet has closed, If you participated in the Incentivised Test Net and earned rewards, instructions to check the balance are here.
However if you have just purchased some or it was held on an exchange, then you will need to wait until the Shelley mainnet launch happening at the end of July 2020.
Where do I stake my ADA? Daedalus Flight wallet, and Yoroi Wallet (as a chrome extension) are the current best options. Adalite and several other third-party wallets also exist. Coinbase will also allow staking as a custodial service, and many exchanges may offer “staking as a service” so you can leave your coins on the exchange and still earn rewards if you enjoy trading. I do not recommend leaving coins on an exchange unless you are actively trading.
What are the staking rewards now and what can I expect on a return in the future? The Incentivised Test Net (ITN) Delivered 10%-15%pa returns on average. The future of staking will most likely be lower, but will depend on the amount of ADA staked across the network and the amount of network traffic.
Check https://staking.cardano.org/en/calculato for a clearer picture.
what is a Pledge? To stop one person operating many pools, the rewards that a pool earns will vary depending on the amount of personal ADA they “pledge” to open the pool. This means that 50 pools with a 1,00ADA pledge each will be overall less profitable than 1-2 pool with the max ADA pledge (unknown but likely around 300k). Even if the 50 pools have the same over stake delegated by other users and have a better chance of being selected to close a block, the 50 pools may receive lower rewards.. (at least that is the theory)
Who is IOHK? IOHK is a for-profit software engineering company founded by CEO Charles Hoskinson and Jeremy Wood in 2015 that has taken a scientific approach to the development of blockchain. IOHK started with “first principles” and looked at questions like “what is a blockchain” and “what should a blockchain be able to do” rather than accepting the established paradigm of Bitcoin and Ethereum. IOHK was originally Input Output Hong Kong, but is now Input Output Global and is based in Wyoming USA employing over 230 staff. IOHK has established research labs in several universities in order to complete the Cardano project, and is also developing Ethereum Classic, Atala, Mantis and possibly other Blockchain related programs and infrastructure.
Who is Charles? Charles Hoskinson is an early adopter of cryptocurrencies, American entrepreneur and cryptocurrency specialist. Charles Co-founded Ethereum with Vitalik Buterin and 5-8 others, However he only worked on that project for approximately six-months. Charles is now the CEO of IOHK and the director of The Bitcoin Education Project.
Why isn’t ADA on coinbase? Cardano and coinbase have recently connected in a big way. With IOHK turning over all their ADA to the custodial services of Coinbase. This means that Cardano and Coinbase have been working together for some time and there is a strong partnership forming. Staking and cold storage will be available and trading on Coinbase will most likely become available after the release of Shelley (although no official word yet)
Why Doesn’t Cardano have a Wikipedia Page? Wikipedia has strict guidelines on what can be turned into an article. As there has been no coverage of Cardano from mainstream media or “noteworthy” sources, there is no article yet. Wikipedia will also not accept sources from IOHK as they are not considered “reliable” and must come from a third party. This will most likely change soon.
Cardano does have a dedicated community driven wiki
https://cardanowiki.info/wiki/Home
What is Atala and why do I care?*
Atala is a suite of services being developed on top of the cardano blockchain by IOHK that focusses on credential certification, for things like education, work history and degrees (Atala Prism). Product counterfeiting protection through registering products on a blockchain and create taper-proof provenance. This does not only apply to Gucci handbags, but also medication, art, and anything that can be counterfeited (Atala Scan). As well as supply chain tracking to see issues and inefficiencies with greater transparency(Atala Trace).
Im new, how much is a good investment?
Cardano is still a speculative market and although there is amazing potential here, it is still only potential. When investing in any High risk market like Crypto, only every invest what you are willing to lose. Cardano may be testing the 10c barrier now. But in March it dumped to 1.7c. And if you suddenly need your money back during the dump then you are out of luck. Do your research before you FOMO in. Start with a small amount and send it between wallets and exchanges to understand how the system works. Store your private keys offline (or online cloud service but encrypted) with a method that is unlikely to be damaged AND have multiple copies. So in the case of a house fire or a blow to the head, or the cloud service being shutdown/destroyed, you do not lose your money.
Timelines
https://roadmap.cardano.org/en/
Shelley Decentralisation rollout and news
Goguen smart contract rollout
Voltaire Voting mechanics – no official roll out timeline (though promised for 2020)
Basho scaling and sidechains – no official roll out time line (most likely 2021)
submitted by YourBestMateRobbo to cardano [link] [comments]

I have been watching you for a while, you know. Wasn't sure whether to invest, but now I know that I must? (FUSION. Could have also prevented the Statera balancer hack?)

So this project caught my (and probably many other people's) attention at least once last year. Especially after the foundation had some of its funds stolen which saw the token's price tank massively. I kind of forgot about it until seeing it being veeeery low-key mentioned on TG again recently and it appears to have 5xed over the last few months, essentially returning back to its old price level, while still being relatively low cap. Also sitting nicely next to LTO (another actually professional, albeit slow-burning, project) on https://coinstats.network/, rising rapidly throughout the ranks over the last weeks. (The top three performers at the time of this post are VeChain, LTO, and FSN, as you can see at the right top.)
 
 
Anyway... I did some digging, and frankly, I feel like simply quoting Dejun Qian (leader of Fusion and also founder of BitSE, which later enabled the rise of VeChain), because he does an overall decent enough job at explaining the general gist behind Fusion -- a blockchain designed in particular with decentralized finance (DEFI) in mind:
 
 
Whereas...
 
 
...most of which (Time-Lock, DCRM and Quantum Swap) are patented. Although it should also be mentioned how the Telegram frequently questions the ability to enforce these patents. And depending on your personal outlook in regards to patents in the cryptospace, you could generally consider this a big negative point. Or, if you only care about money, a very positive one. With the latter likely aligning more with this sub's interests.
 
Anyway... Time-locking simply refers to you locking in any type of asset (real or digital) and then being able to lend it for some set amount of time (time-slice) without giving up ownership. This could have been useful in preventing, for example, the Statera Balancer hack, since you merely give up access to your asset for a certain amount of time while still retaining ownership yourself. E.g. you could have granted the Balancer 3 months of access to your assets. Whereas, had your assets been stolen by a bad actor within this time-frame as it happend in the Statera/Balancer case, you would still have received all of your assets back after these 3 months passed. No assets would have been lost on your end. So this mechanism, patented by Fusion, adds additional security. (Their Ticketed Proof of Stake (TPoS) mechanism works the same way -- You never risk actually losing your tokens forever. https://www.youtube.com/watch?v=FX57OwpNNMA )(Also: You are also free to correct me in case this doesn't actually work with Balancer's mechanics.)
 
In general, the borrowing of the (front end; now to some point in the future) time-slice finds application in finance what bonds, futures, options, etc is concerned, again making fusion a great choice for DEFI. To again cite Qian:
 
 
(If you're into this stuff, it's easy to just search for words such as "factoring" or "bank draft" or "clearing house" in the official Telegram channel https://t.me/FUSIONFoundation . Also in relationship to upcoming and borrowed FSN tokens, which can be combined to form whole FSN tokens.)
 
Another more concrete use-case would be, for example, the granting of access to a house's or car's digital lock without giving up direct ownership of these assets for a certain amount of time, after which said access will be returned to its owner. Additionally, it's also possible to resell parts of this access in case you no longer have any use for it. (E.g. if you license a software for 6 months, but suddenly decide to no longer have any use for it after a mere 2 months, you can resell the remaining 4 months that are left.)
 
 
Also worthy of mention might be some of the bigger Fusion-related DEFI (hype!) projects being built on the Fusion blockchain:
 
  • WeDefi, which aims to be, or allows for users to act as, a kind of decentralized bank; stream-lining lending/borrowing and other kinds of DEFI; will come as APP to the IOS and Play-Store for the Smartphone soon.
  • SMPCwallet. Will include DCRM dapps such as a multichain DEX, a multicustodial wallet, etc (fixing problems related to key exposure mentioned by Vitalik in an AMA linked later in this post)
  • Anyswap, a cross-chain/interoperability version of Uniswap. Qian suggests that it could in the future also serve a function similar to Compound, letting you pick up a collateral in exchange for the provision of liquidity. (Built on SMPCwallet AFAIK; a recent post shilling it here -> https://old.reddit.com/CryptoMoonShots/comments/hprd2p/anyswap_a_completely_decentralized_swap_exchange/)
  • An auto-loan platform by AXP
  • Realio and YAD Capital issuing digitized assets to be tokenized on the FSN blockchain. Meaning securities, etc. Currently they're trying to raise a $5mm tokenized fund. (Also worth mentioning here is that SolidX, who have experience and SEC connections working on a Bitcoin ETF, are part of Fusion's DCRM Alliance)
  • And more. https://www.fusion.org/partnerships hovering over the links gives some input. xDLT is built on fusion, for instance, offering an interoperable form of etherscan. (To my understanding...)
 
Then here's a great AMA you should read: https://fsnfeed.com/2020/05/23/on-23st-of-may-2020-dj-qian-ceo-of-fusion-foundation-had-a-live-ama-session-with-kevin-of-ama-series-stayhome/
 
And if you want to try out Fusion, you can sign up at WeDefi and play around with borrowed tokens and even earn full tokens by doing so. Take note, however, that only full tokens may be staked, should you plan to do so. ( https://www.wedefi.com/faq )
 
 
As for the FSN token value, it would appreciate simply by virtue of gas fees, staking, DCRM which can be licensed in exchange for 800k FSN, potential applications of time-locking relative to assets and the Fusion token (looking at safebet, for instance), etc... as Fusion is adopted. The staking ROI is currently at 23%. (I can't really make a prediction about the token's value development here, since the entire system and the potential applications really exceed my knowledge. And, being crypto, odds are that putting a price on it might be impossible for just about anyone.)
 
The best way of storing FSN is whallet, which can be used in conjunction with your Ledger's Ethereum app. (MyFusionWallet was experiencing synchronization problems the other day, but seems to be working perfectly fine again as of the time of this post.)
 
 
A relatively big negative point frequently mentioned by the community is the lack of marketing and the team losing its first-mover advantage, which is a concern the Fusion team has recently tried to address. As REN, for instance, which allows for but a portion of Fusion's use case such as an allegedly inferior version of DCRM and dark pools/clearing houses (and according to the Fusion community of course worse), has recently gone on a small bullrun of its own. Much to the chagrin of disillusioned Fusion bagholders. And I've personally also seen TrustSwap make an appearance, which appears to aim for the creation of a crosschain version of UniSwap much akin to AnySwap. (I'm not 100% sure about this, however.)
 
If you have any personal opinions, you are free to share them. Maybe you consider it obsolete in the future, especially if we do end up in a "one chain takes all" scenario? Alternatively you could be holding the belief that it can moon simply due to the #defi hype? Perhaps there's not enough marketing on the team's part? Or is FSN really under the radar, being ignored (and thus massively undervalued) for the time being only because the features offered by FSN are not yet fully appreciated in the still fledgling DEFI space, with ETH simply not being suitable for DEFI, and FSN suddenly making an appearance in the top 35 without anyone having noticed? Etc? Any disgruntled bagholders here who want to vent or add something I forgot? Now's your chance.
 
 
P.S.: All this is probably also a relatively superficial explaination that doesn't capture the project's value in a way people like Qian could explain it, especially what the use of time-slices (both front and back, and their combination), the long-term renting and valuation of front-slices, and the number of financial applications, is concerned... but I hope it serves as a good general overview, also what references to other DEFI projects is concerned. And it has taken off a bit recently, like many projects in this mini-bull run. So some people may no longer consider it low cap. But I'm still gonna post it so it doesn't go to waste. Lol. At the very least it might serve as general overview. That and the sub rules state "cryptos out of the top 100.")
 
Also disclaimer: I am holding a decently sized bag myself. (And I really hoped it wouldn't cross 70 cent so "soon," all things considered...)
submitted by sotaponi to CryptoMoonShots [link] [comments]

The future of dApp development. The end of blockchain tribalism

The future of dApp development. The end of blockchain tribalism
If you are a dApp developer this is a must read!
As all the blockchains have their advantages and disadvantages there is no blockchain which will rule them all. Each blockchain will get congested as soon there are too much “mass adoption” dApps on it, which actually getting used. One blockchain is more decentralized, another more performant.
The solution are decentralized services which are validated and 100% ONchain. A platform layer where dApps can choose what they need, without important trade-offs for their applications. And everybody who want to offer a service, can offer them as a Service Provider. The DAPP services are the new (Amazon) Web Services but decentralized, affordable and for blockchains. Today the DAPP Network counts already 35 DSP’s (DAPP Service Providers) offering 120 services (packages) and counting…
The internet of Blockchains - enabled by the universal middleware of the DAPP Network
The DAPP Network is the first solution which offers this kind of decentralized services. And with the Chintai.io DAPP Resource Exchange where developers can rent DAPP tokens for an affordable price for 30 days, they can pay monthly with a ‘pay-as-you-go” model for their resources and scale their dApps step by step. And it doesn’t make a difference if it’s a new developed dApp or if somebody want to use services for an already existing dApp. If the dApp already exists on a specific blockchain, it can stay on that blockchain and nonetheless use services or scale without tradeoffs. No need any more to change to another blockchain thanks to LiquidLink.
What do you think will happen to the crypto space when companies and big enterprises start to realize that they are independent of any specific blockchain and that they can scale/tokenize their dApps 100% ONchain to an affordable price to mass adoption without any tradeoffs?
Get/Buy DAPP tokens on Bancor.network or Newdex.io before big exchanges start to list DAPP. Today DAPP is worth 0.015$ per token. The concept is in my opinion a breakthrough! Just think about Chainlink is today around 5$ per token. And Chainlink is offering only one service (oracles) which DAPPNetwork offers.
With Zeus SDK LiquidApps.io offers an open source plug and play development platform/middleware. Github: https://github.com/liquidapps-io

Showcase LiquidOracles, LiquidAccounts, LiquidScheduler, or vRAM in your dApps and you could win a grant of up to 300,000 DAPP tokens! https://medium.com/the-liquidapps-blog/announcing-the-dapp-network-grants-program-7b104e1ce1d6
Use LiquidLink, along with the rest of the DAPP Network’s multi-chain service suite, to participate in the Great Reddit Scaling Bake-Off and you could win up to 1,000,000 DAPP tokens! https://app.voice.com/post/@zack/the-dapp-networks-reddit-scaling-bounty-1594068605-1 Team DAPP Solutions is actively engaged in the Great Reddit Scaling Bakeoff, if you have an interest in joining this initiative, reach out to http://dappsolutions.app to collaborate
If you have questions get in contact with LiquidApps team! They and Beni Hakak personally will support and help you that your dApp will stay affordable for you and have the best chance to get successful!


Working services today, offered by multiple DSP’s to choose from, 100% all ONchain, are:
LiquidLink: LiquidLink allows you to connect your dApp to assets, actions, and applications on any blockchain you want (Bitcoin, Ethereum, EOSIO chains like EOS, WAX, Worbli, Ultra, Telos, BOS, …). Working and integrated product today
LiquidX: LiquidX enables dApps to run on the blockchain of their choice and still enjoy all of the benefits of using DAPP Network services Working and integrated product today
More chains (Neo, Tron, Hyperledger, Hedera, Tezos, Cosmos, Cardano, Polkadot, Solana, ...) can/could be added as soon a dApp want to connect to them
Proofen link to Ethereum and EOSIO chains. Already integrated in CoVax and Project Phoenix.
LiquidChains: Blockchain as a Service with unprecedented customizability. Your Chain, Your Choice! LiquidChains are fast, easy, fully customizable blockchains for your project, running on the popular proof of work or proof of stake consensus mechanisms. Each LiquidChain comes out of the box with the full suite of DAPP Network services ready for use. Working and integrated product today
https://preview.redd.it/bmw3ior4y7951.png?width=649&format=png&auto=webp&s=6fee388254119a0d62b0bfd870b107b8c40c6bde
Sharding: With LiquidChains developers can now spin up feature-rich, custom shards in minutes and seamlessly connect it to a public network (if they want to.) If you’re an Ethereum developer that needs to scale right now, get in touch with the LiquidApps team about harnessing LiquidChains to create a custom shard for your dApp! Working product today
Liquid vCPU: Boundless Computational Power. With vCPU, your application can offload intense computing work to the distributed DAPP Network. Working product today
https://preview.redd.it/4e7cbwy6y7951.png?width=645&format=png&auto=webp&s=cf56a072dc8555840db7046675657a2876db6cdd
LiquidOracles: Choose from different DSP’s low latency oracle services. LiquidOracles stands out by keeping SLAs and data verification on chain, protecting you from the risks of malicious or accidental failure. Protect your data streams from being modified by malicious parties. Decentralized and trustless, without needing a separate blockchain. LiquidOracles are a more generalized and flexible solution than other oracle solutions like Chainlink. They also do not have any limitations with gas fees or block times. For example, EOS Options (on Kylin) is currently calling multiple price feeds every 15 seconds using LiquidOracles and have also tweeted recently about their plans to update their oracle feeds every 1 second. Things like that just aren’t possible on Ethereum at this time. Working and already integrated product today in eosoptions.com, Equilibrium EOSDT stablecoin and Project Phoenix
DSP's (DAPP Service Providers) could integrate Chainlink as part of their data feeds, and Chainlink could utilize the DAPP Network to gain some additional advantages. Link and DAPP are better together
LiquidScheduler: Set timed events. Free up resources when users become inactive. Schedule regular checks of data sources. Take advantage of options to make your application more resistant to unreliable providers and infrastructure failures. It’s a Cron-Like Task Scheduler Example: regularly update from oracle feed (Example all 15 seconds) Working and already integrated product today in eosoptions.com, Equilibrium EOSDT stablecoin and Project Phoenix
LiquidBrinX: Frictionless Cross-Chain Data Transfer. Now anyone can deploy a cross-blockchain token bridge to allow for asset transfers in between chains! LiquidBrinX blends together vRAM, LiquidOracles and LiquidScheduler to yield a smooth and secure interoperability solution for dApps. Proofen and working product today
LiquidAccounts: LiquidAccounts allows dApps to provide users with free accounts, created easily, by inputting simple, familiar details such as only a username and password. Eliminate onboarding difficulties with a solution that remains secure and trustless, all while being able to easily transition accounts to mainnet accounts when requested. Working and already integrated product today in dappacount.com and Project Phoenix
LiquidStorage: IPFS decentralized storage. Decentralized Storage for Files, Websites, and More. Proofen and working product today. Already integrated with Equilibrium EOSDT stablecoin and Project Phoenix
Liquid vRam: Alternative & Compatible Memory Solution. vRAM is an alternative memory solution for developers building blockchain dApps that is RAM-compatible, decentralized, and enables storing & retrieving of potentially unlimited amounts of data affordably and efficiently Working and already integrated product today with Moonlighting (700’000 users), Equilibrium EOSDT stablecoin and Project Phoenix
LiquidArchive: History API Provisioning Proofen and working product today
LiquidCrypto: LiquidCrypto service offer a whole suite of cryptographic algorithms from ECC, RSA signatures & encryptions to ZK-Snarks, Blind signatures Proofen and working product today. Already integrated in Project Phoenix
LiquidHarmony: Web/IBC/vCP/SQL Services Proofen and working product today
Liquid KMS: Key Management Service Proofen and working product today
LiquidSQL: decentralized databases. Proofen and working product today
LiquidBilling: Transaction signing service Proofen and working product today
LiquidDNS: DAPP Service Provider hosted DNS Service Proofen and working product today
LiquidLens: Read function service Proofen and working product today
LiquidRandomness: Easy, Secure Random Number Generation. Blockchains, by nature, exclude the possibility of easily obtaining truly random numbers for use in applications. As a result, numerous dApps have been gamed. Easily implement randomness without resorting to vulnerable, complex, or expensive methods Proofen and working product today
https://preview.redd.it/wvh77p7ry7951.png?width=650&format=png&auto=webp&s=6c9c5bfdbb1216e7c4585d870b9663fa60aa9858
LiquidEscrow: Today’s most successful centralized applications are popular because they are simple, trustworthy, and predictable. What if we could leverage Discord, the world’s largest internet gaming community, to bring millions of gamers a brand new experience on a platform that they already know and love? Team Onessus have harnessed the power of the DAPP network to offer these gamers something amazing: A Global Economic Esports Community, utilizing a new DAPP Network Service, which we call LiquidEscrow. Proofen and working product today
Project Phoenix (a Patreon-like dApp) is a showcase for mostly all the DAPP services and how you can use them. The code will soon be opensource on github. https://www.youtube.com/watch?v=y-VYlv73mqI

https://preview.redd.it/mpgnuppty7951.png?width=653&format=png&auto=webp&s=0e8c7de3d047a3e85b69545169a875146bcae609
#DAPPNetwork can be fast like EOSIO, it can be with sharding like Cosmos, it can be decentralized like Ethereum, it can be with IBC like BOS, it can be true multi-chain like polkadot, it can be encrypted like privacy coins (Soon maybe as well with Monero tech if PEOS project succeed and if DSP offer this services), it can be stored ONchain like Filecoin, it can use oracles like chainlink (but with low latency) – It offers TODAY what 7 blockchains or more combined would offer!


And now tell me again, whats your excuse that you are not using DAPPNetwork’s service’s and/or developing with Zeus SDK from LiquidApps.io?


Showcase LiquidOracles, LiquidAccounts, LiquidScheduler, or vRAM in your dApps and you could win a grant of up to 300,000 DAPP tokens! https://medium.com/the-liquidapps-blog/announcing-the-dapp-network-grants-program-7b104e1ce1d6
Use LiquidLink, along with the rest of the DAPP Network’s multi-chain service suite, to participate in the Great Reddit Scaling Bake-Off and you could win up to 1,000,000 DAPP tokens! https://app.voice.com/post/@zack/the-dapp-networks-reddit-scaling-bounty-1594068605-1


Become a DSP: https://liquidapps.io/becoming-a-DSP
More information about all the services: https://liquidapps.io/news
DAPP talk videos with the liquidapps team: https://liquidapps.io/videos
Articles on medium: https://medium.com/the-liquidapps-blog
LiquidApps documentation: https://docs.liquidapps.io/en/v2.0/
SDK Zeus: https://liquidapps.io/zeus
Webinars & Walkthroughs: https://liquidapps.io/walkthroughs
Zeus documentation: https://docs.liquidapps.io/en/stable/developers/zeus-getting-started.html
Telegram Developers DAPPNetwork: https://t.me/dappnetworkdevs

DAPP Solutions offer DAPP Academy and help amazing projects get to market. Freemium Resource Model: https://dappsolutions.app/
Blockstart provide training, mentorship and connect blockchain enthusiasts to the tools and funding opportunities to make their ideas come true: https://blockstart.one/

LiquidApps invites bounty hunters, EOSIO and blockchain experts and hackers to search the DAPP Network’s codebase for vulnerabilities, flaws, and imperfections for a chance to earn a portion of up to 10,000,000 DAPP tokens available for this bounty (up to 1% of the total token supply)


Projegts using DAPPNetwork today:
DAPP Solutions are scaling Reddit with DAPPNetwork scaling services and LiquidLink
dappaccount.com uses liquidaccounts
The first custom integration from DAPPAccount is with Orcanic Community Market, who are using it to create blockchain accounts for every user on the platform to tokenize their membership and rewards program.
Moonlighting (700'000 users) uses vRAM and reduce onboarding costs from $2000 to $10 a day!
CoVax uses LiquidChains and LiquidLink/LiquidX
eosoptions.com uses LiquidOracles and LiquidScheduler which updates on average every 15 seconds!
Phoenix uses mostly all LiquidServices
Equilibrium EOSDT stablecoin integrated liquidOracles, liquidScheduler, liquidStorage and liquidvRam
Maybe upcoming projects (rumors, interviews, tweets, hackathon's, maybe's) using/integrating DAPPNetwork are:
Blockstart and DAPP Solutions partnered to solve real world business problems and bring blockchain to the masses with digital Signatures Blokument using DAPPAccount
deWeb.io plans to integrate vRam and LiquidAccounts to scale, maybe using LiquidX and LiquidLink to connect to other chains and maybe using LiquidOracles and LiquidStorage for many potential deWeb online services, built by 3rd party developers or in-house (Telegram)
Bancor maybe integrates liquidOracles once they create a new pool on EOS they said on Telegram
Team Aikon is hard at work utilizing LiquidAccounts to make seamless sign-in a reality
Onessus plans to integrate LiquidChains and LiquidRandomness (Telegram) in HodlGod (Battle royale title, just like Fortnite - today running on WAX blockchain)
Hackathon project The Global Economic ESports Community & LiquidEscrow invented LiquidEscrow service
Hackathon project EOS Resource Lending on Centralized Exchange (CEX) using liquidAccounts, liquidOracles and liquidvRam
Hackathon project Liquid Galaxy Massive Multiplayer Online Role-Playing Game using liquidOracles, liquidScheduler, liquidvCPU, liquidLink
Hackathon project Rekt.Land blockchain-based board game using liquidAccounts, liquidStorage and liquidLink
Everipedia‘s maybe integrates liquidOracles for its IQ digital asset
Effect.ai project maybe become a service provider or could use DAPPAccounts in future
Vigor Project maybe integrates liquidOracles
And for sure there are many projects and ideas on development with LiquidApps team, Dapp Solutions team, Blockstarts team and others we don't know anything about yet...

Read some more interesting articles
- Who will achieve DeFi’s Holy Grail with Real-Time Gross Settlement, High Throughput and Long-Term Storage On The DAPP Network
- How could the DAPP Network evolve the Multi-Billion Cloud Computing Industry
- How DAPPNetwork will create distributed hubs of functionality, liquidity, and data across multiple decentralized networks - DAPP Network Is the perfect glue between chains
submitted by CryptoDae to CryptoCurrencies [link] [comments]

The future of dApp development. The end of blockchain tribalism

The future of dApp development. The end of blockchain tribalism
If you are a dApp developer this is a must read!
As all the blockchains have their advantages and disadvantages there is no blockchain which will rule them all. Each blockchain will get congested as soon there are too much “mass adoption” dApps on it, which actually getting used. One blockchain is more decentralized, another more performant.
The solution are decentralized services which are validated and 100% ONchain. A platform layer where dApps can choose what they need, without important trade-offs for their applications. And everybody who want to offer a service, can offer them as a Service Provider. The DAPP services are the new (Amazon) Web Services but decentralized, affordable and for blockchains. Today the DAPP Network counts already 35 DSP’s (DAPP Service Providers) offering 120 services (packages) and counting…
The Internet of Blockchains - Enabled by the Universal Middleware of the DAPP Network
The DAPP Network is the first solution which offers this kind of decentralized services. And with the Chintai.io DAPP Resource Exchange where developers can rent DAPP tokens for an affordable price for 30 days, they can pay monthly with a ‘pay-as-you-go” model for their resources and scale their dApps step by step. And it doesn’t make a difference if it’s a new developed dApp or if somebody want to use services for an already existing dApp. If the dApp already exists on a specific blockchain, it can stay on that blockchain and nonetheless use services or scale without tradeoffs. No need any more to change to another blockchain thanks to LiquidLink.
What do you think will happen to the crypto space when companies and big enterprises start to realize that they are independent of any specific blockchain and that they can scale/tokenize their dApps 100% ONchain to an affordable price to mass adoption without any tradeoffs?
Get/Buy DAPP tokens on Bancor.network or Newdex.io before big exchanges start to list DAPP. Today DAPP is worth 0.015$ per token. The concept is in my opinion a breakthrough! Just think about Chainlink is today around 5$ per token. And Chainlink is offering only one service (oracles) which DAPPNetwork offers.
With Zeus SDK LiquidApps.io offers an open source plug and play development platform/middleware. Github: https://github.com/liquidapps-io

Showcase LiquidOracles, LiquidAccounts, LiquidScheduler, or vRAM in your dApps and you could win a grant of up to 300,000 DAPP tokens! https://medium.com/the-liquidapps-blog/announcing-the-dapp-network-grants-program-7b104e1ce1d6
Use LiquidLink, along with the rest of the DAPP Network’s multi-chain service suite, to participate in the Great Reddit Scaling Bake-Off and you could win up to 1,000,000 DAPP tokens! https://app.voice.com/post/@zack/the-dapp-networks-reddit-scaling-bounty-1594068605-1 Team DAPP Solutions is actively engaged in the Great Reddit Scaling Bakeoff, if you have an interest in joining this initiative, reach out to http://dappsolutions.app to collaborate
If you have questions get in contact with LiquidApps team! They and Beni Hakak personally will support and help you that your dApp will stay affordable for you and have the best chance to get successful!


Working services today, offered by multiple DSP’s to choose from, 100% all ONchain, are:
LiquidLink: LiquidLink allows you to connect your dApp to assets, actions, and applications on any blockchain you want (Bitcoin, Ethereum, EOSIO chains like EOS, WAX, Worbli, Ultra, Telos, BOS, …). Working and integrated product today
LiquidX: LiquidX enables dApps to run on the blockchain of their choice and still enjoy all of the benefits of using DAPP Network services Working and integrated product today
More chains (Neo, Tron, Hyperledger, Hedera, Tezos, Cosmos, Cardano, Polkadot, Solana) can/could be added in the future.
Proofen link to Ethereum and EOSIO chains. Already integrated in CoVax and Project Phoenix.
LiquidChains: Blockchain as a Service with unprecedented customizability. Your Chain, Your Choice! LiquidChains are fast, easy, fully customizable blockchains for your project, running on the popular proof of work or proof of stake consensus mechanisms. Each LiquidChain comes out of the box with the full suite of DAPP Network services ready for use. Working and integrated product today
https://preview.redd.it/z5vsvlzah0951.png?width=1676&format=png&auto=webp&s=90a2b57c8e2d327366d5aca138b495033812a298
Sharding: With LiquidChains developers can now spin up feature-rich, custom shards in minutes and seamlessly connect it to a public network (if they want to.) If you’re an Ethereum developer that needs to scale right now, get in touch with the LiquidApps team about harnessing LiquidChains to create a custom shard for your dApp! Working product today
Liquid vCPU: Boundless Computational Power. With vCPU, your application can offload intense computing work to the distributed DAPP Network. Working product today
https://preview.redd.it/oamcqz1pcy851.png?width=1291&format=png&auto=webp&s=90742ce7bc7922dbc3619291052d1c2d25cb4d9d
LiquidOracles: Choose from different DSP’s low latency oracle services. LiquidOracles stands out by keeping SLAs and data verification on chain, protecting you from the risks of malicious or accidental failure. Protect your data streams from being modified by malicious parties. Decentralized and trustless, without needing a separate blockchain. LiquidOracles are a more generalized and flexible solution than other oracle solutions like Chainlink. They also do not have any limitations with gas fees or block times. For example, EOS Options (on Kylin) is currently calling multiple price feeds every 15 seconds using LiquidOracles and have also tweeted recently about their plans to update their oracle feeds every 1 second. Things like that just aren’t possible on Ethereum at this time. Working and already integrated product today in eosoptions.com, Equilibrium EOSDT stablecoin and Project Phoenix
DSPs (dApp Service Providers) could integrate Chainlinks as part of their data feeds, and Chainlink could utilize the DAPP Network to gain some additional advantages. Chainlink and DAPPNetwork are better together
LiquidScheduler: Set timed events. Free up resources when users become inactive. Schedule regular checks of data sources. Take advantage of options to make your application more resistant to unreliable providers and infrastructure failures. It’s a Cron-Like Task Scheduler Example: regularly update from oracle feed (Example all 15 seconds) Working and already integrated product today in eosoptions.com, Equilibrium EOSDT stablecoin and Project Phoenix
LiquidBrinX: Frictionless Cross-Chain Data Transfer. Now anyone can deploy a cross-blockchain token bridge to allow for asset transfers in between chains! LiquidBrinX blends together vRAM, LiquidOracles and LiquidScheduler to yield a smooth and secure interoperability solution for dApps. Proofen and working product today
LiquidAccounts: LiquidAccounts allows dApps to provide users with free accounts, created easily, by inputting simple, familiar details such as only a username and password. Eliminate onboarding difficulties with a solution that remains secure and trustless, all while being able to easily transition accounts to mainnet accounts when requested. Working and already integrated product today in dappacount.com and Project Phoenix
LiquidStorage: IPFS decentralized storage. Decentralized Storage for Files, Websites, and More. Proofen and working product today. Already integrated with Equilibrium EOSDT stablecoin and Project Phoenix
Liquid vRam: Alternative & Compatible Memory Solution. vRAM is an alternative memory solution for developers building blockchain dApps that is RAM-compatible, decentralized, and enables storing & retrieving of potentially unlimited amounts of data affordably and efficiently Working and already integrated product today with Moonlighting (700’000 users), Equilibrium EOSDT stablecoin and Project Phoenix
LiquidArchive: History API Provisioning Proofen and working product today
LiquidCrypto: LiquidCrypto service offer a whole suite of cryptographic algorithms from ECC, RSA signatures & encryptions to ZK-Snarks, Blind signatures Proofen and working product today. Already integrated in Project Phoenix
LiquidHarmony: Web/IBC/vCP/SQL Services Proofen and working product today
Liquid KMS: Key Management Service Proofen and working product today
LiquidSQL: decentralized databases. Proofen and working product today
LiquidBilling: Transaction signing service Proofen and working product today
LiquidDNS: DAPP Service Provider hosted DNS Service Proofen and working product today
LiquidLens: Read function service Proofen and working product today
LiquidRandomness: Easy, Secure Random Number Generation. Blockchains, by nature, exclude the possibility of easily obtaining truly random numbers for use in applications. As a result, numerous dApps have been gamed. Easily implement randomness without resorting to vulnerable, complex, or expensive methods Proofen and working product today
https://preview.redd.it/6j0qdtovcy851.png?width=1416&format=png&auto=webp&s=ba1b715a6c4787b4976257d41157455f7fae56d4
LiquidEscrow: Today’s most successful centralized applications are popular because they are simple, trustworthy, and predictable. What if we could leverage Discord, the world’s largest internet gaming community, to bring millions of gamers a brand new experience on a platform that they already know and love? Team Onessus have harnessed the power of the DAPP network to offer these gamers something amazing: A Global Economic Esports Community, utilizing a new DAPP Network Service, which we call LiquidEscrow. Proofen and working product today
Project Phoenix (a Patreon-like dApp) is a showcase for mostly all the DAPP services and how you can use them. The code will soon be opensource on github. https://www.youtube.com/watch?v=y-VYlv73mqI

https://preview.redd.it/pwt8zo01t0951.png?width=1267&format=png&auto=webp&s=94758021afded24859e3ff0310bd078a9e63f02b
#DAPPNetwork can be fast like EOSIO, it can be with sharding like Cosmos, it can be decentralized like Ethereum, it can be with IBC like BOS, it can be true multi-chain like polkadot, it can be encrypted like privacy coins (Soon maybe as well with Monero tech if PEOS project succeed and if DSP offer this services), it can be stored ONchain like Filecoin, it can use oracles like chainlink (but with low latency) – It offers TODAY what 7 blockchains or more combined would offer!


And now tell me again, whats your excuse that you are not using DAPPNetwork’s service’s and/or developing with Zeus SDK from LiquidApps.io?


Showcase LiquidOracles, LiquidAccounts, LiquidScheduler, or vRAM in your dApps and you could win a grant of up to 300,000 DAPP tokens! https://medium.com/the-liquidapps-blog/announcing-the-dapp-network-grants-program-7b104e1ce1d6
Use LiquidLink, along with the rest of the DAPP Network’s multi-chain service suite, to participate in the Great Reddit Scaling Bake-Off and you could win up to 1,000,000 DAPP tokens! https://app.voice.com/post/@zack/the-dapp-networks-reddit-scaling-bounty-1594068605-1

Become a DSP: https://liquidapps.io/becoming-a-DSP
More information about all the services: https://liquidapps.io/news
DAPP talk videos with the liquidapps team: https://liquidapps.io/videos
Articles on medium: https://medium.com/the-liquidapps-blog
LiquidApps documentation: https://docs.liquidapps.io/en/v2.0/
SDK Zeus: https://liquidapps.io/zeus
Webinars & Walkthroughs: https://liquidapps.io/walkthroughs
Zeus documentation: https://docs.liquidapps.io/en/stable/developers/zeus-getting-started.html
Telegram Developers DAPPNetwork: https://t.me/dappnetworkdevs

DAPP Solutions offer DAPP Academy and help amazing projects get to market. Freemium Resource Model: https://dappsolutions.app/
Blockstart provide training, mentorship and connect blockchain enthusiasts to the tools and funding opportunities to make their ideas come true: https://blockstart.one/

LiquidApps invites bounty hunters, EOSIO and blockchain experts and hackers to search the DAPP Network’s codebase for vulnerabilities, flaws, and imperfections for a chance to earn a portion of up to 10,000,000 DAPP tokens available for this bounty (up to 1% of the total token supply)


Projegts using DAPPNetwork today:
DAPP Solutions are scaling Reddit with DAPPNetwork scaling services and LiquidLink
dappaccount.com uses liquidaccounts
The first custom integration from DAPPAccount is with Organic Community Market, who are using it to create blockchain accounts for every user on the platform to tokenize their membership and rewards program
Moonlighting (700'000 users) uses vRAM and reduce onboarding costs from $2000 to $10 a day!
CoVax uses LiquidChains and LiquidLink/LiquidX
eosoptions.com uses LiquidOracles and LiquidScheduler which updates on average every 15 seconds!
Phoenix uses mostly all LiquidServices
Equilibrium EOSDT stablecoin integrated liquidOracles, liquidScheduler, liquidStorage and liquidvRam
Maybe upcoming projects (rumors, interviews, tweets, hackathon's, maybe's) using/integrating DAPPNetwork are:
Blockstart and DAPP Solutions partnered to solve real world business problems and bring blockchain to the masses with digital Signatures Blokument using DAPPAccount
deWeb.io plans to integrate vRam and LiquidAccounts to scale, maybe using LiquidX and LiquidLink to connect to other chains and maybe using LiquidOracles and LiquidStorage for many potential deWeb online services, built by 3rd party developers or in-house (Telegram)
Bancor maybe integrates liquidOracles once they create a new pool on EOS they said on Telegram
Team Aikon is hard at work utilizing LiquidAccounts to make seamless sign-in a reality
Onessus plans to integrate LiquidChains and LiquidRandomness (Telegram) in HodlGod (Battle royale title, just like Fortnite - today running on WAX blockchain)
Hackathon project The Global Economic ESports Community & LiquidEscrow invented LiquidEscrow service
Hackathon project EOS Resource Lending on Centralized Exchange (CEX) using liquidAccounts, liquidOracles and liquidvRam
Hackathon project Liquid Galaxy Massive Multiplayer Online Role-Playing Game using liquidOracles, liquidScheduler, liquidvCPU, liquidLink
Hackathon project Rekt.Land blockchain-based board game using liquidAccounts, liquidStorage and liquidLink
Everipedia‘s maybe integrates liquidOracles for its IQ digital asset
Effect.ai project maybe become a service provider or could use DAPPAccounts in future
Vigor Project maybe integrates liquidOracles
And for sure there are many projects and ideas on development with LiquidApps team, Dapp Solutions team, Blockstarts team and others we don't know anything about yet...

Read some more interesting articles
- Who will achieve DeFi’s Holy Grail with Real-Time Gross Settlement, High Throughput and Long-Term Storage On The DAPP Network
- How could the DAPP Network evolve the Multi-Billion Cloud Computing Industry
- How DAPPNetwork will create distributed hubs of functionality, liquidity, and data across multiple decentralized networks - DAPP Network Is the perfect glue between chains
submitted by CryptoDae to eos [link] [comments]

ColossusXT Q2 2020 AMA Ends!

Thank you for being a part of the ColossusXT Q2 2020 AMA! Below we will summarize the questions and answers. The team responded to 46 questions! If your question was not included, it may have been answered in a previous question or AMA. The ColossusXT team will do a Reddit AMA at the end of every quarter.
The winner of the AMA contest is: ookhimself
Congratulations. I will send you a DM on Reddit.
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Q: Why does your blockchain exist and what makes it unique?
A: ColossusXT exists to provide an energy-efficient method of supercomputing. ColossusXT is unique in many ways. Some coins have 1 layer of privacy. ColossusXT and the Colossus Grid will utilize 2 layers of privacy through Obfuscation Zerocoin Protocol, and I2P and these will protect users of the Colossus Grid as they utilize the grid resources. There are also Masternodes and Proof of Stake which both can contribute to reducing 51% attacks, along with instant transactions and zero-fee transactions. This protection is paramount as ColossusXT evolves into the Colossus Grid. Grid Computing will have a pivotal role throughout the world, and what this means is that users will begin to experience the Internet as a seamless computational universe. Software applications, databases, sensors, video, and audio streams-all will be reborn as services that live in cyberspace, assembling, and reassembling themselves on the fly to meet the tasks at hand. Once plugged into the grid, a desktop machine will draw computational horsepower from all the other computers on the grid.
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Q: What is the Colossus Grid?
A: ColossusXT is an anonymous blockchain through obfuscation, along with utilization of I2P (Armis). These features will protect end-user privacy as ColossusXT evolves into the Colossus Grid. The Colossus Grid will connect devices in a peer-to-peer network enabling users and applications to rent the cycles and storage of other users’ machines. This marketplace of computing power and storage will exclusively run on COLX currency. These resources will be used to complete tasks requiring any amount of computation time and capacity, or allow end-users to store data anonymously across the COLX decentralized network. Today, such resources are supplied by entities such as centralized cloud providers which are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Any user ranging from a single PC owner to a large data center can share resources through Colossus Grid and get paid in COLX for their contributions. Renters of computing power or storage space, on the other hand, may do so at low prices compared to the usual market prices because they are only using resources that already exist.
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Q: Is there any estimated date for the grid? What will set you apart from the opposition?
A: We are hoping to have something released for the community in Q4 this year. The difference between other competitors is that ColossusXT is putting consumer privacy first and we’re actively in the process of working with federal and state agencies in the United States.
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Q: How do you plan to get people to implement the technology? At your current rate of development, when do you foresee a minimum viable product being available?
A: We have been strategically networking with businesses, and we are currently undergoing the verification process in the United States to make bids on federal and state projects. We are working on an MVP and our goal is to have at least a portion of the Colossus Grid ready by Q4 2020.
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Q: When we can expect any use-case for COLX? A company or service that uses COLX for its activities/tasks.
A: We’re aiming for Q4 of this year to have an MVP, throughout 2021 we will be strategically making bids on federal and state contracts in the United States with a goal to expand operations exponentially.
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Q: Are there any plans to be listed on the more prominent exchanges e.g binance, kraken?
A: Yes, we have applied to some of these exchanges that are considered Tier 1 or Tier 2 exchanges. Many of them upfront will tell you there are no fees associated with the listing, that is not entirely true most of the time. Regardless, have applied and are awaiting more responses as we move forward. Listing on these exchanges often requires that we cannot announce this information until ColossusXT is live on its platform.
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Q: Partnerships are the norm these days in crypto world. Which partnership would you consider feasible, if any, in order to grow the Colossus Grid project?
A: The Colossus Grid is a huge undertaking both in development and business partnerships. We are moving in both these directions strategically. One of the most important partnerships is not really a partnership but approval to bid on state and federal contracts. Working with the governments around the world will be a big part of the Colossus Grid use-case.
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Q: If the ability to annonymise coins is turned off, can CLX still be marketed as a privacy coin? Do we have a date we can start using this feature again?
A: Yes and No. It’s frustrating right now having a lack of privacy for consumers as we don’t see privacy as a feature but a right. EVERY platform online should have some levels of privacy for their consumers, especially as technology continues to evolve and bad actors continue to use your personal information for their own nefarious purposes. Obfuscation will be implemented in the coming weeks, and Armis will follow suit shortly thereafter.
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Q: When can we expect the grid to come out?
A: We are looking at releasing an MVP towards the end of the year. Stay tuned during Q3 and Q4 as we ramp on technical and business developments.
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Q: Can you tell the current budget for development work?
A: Much of the development work budget comes from Core team member's disposable income, we also use the self-funding treasury that Masternode owners vote on each month.
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Q: Will cold staking be implemented somedays? I like the model of Cardano. Hope you will implement kind of Cardano staking in our wallet. I would love the easiness.
A: ColossusXT staking has been enabled since 2017. We have calculators on the website that will estimate your average staking returns and you can join numerous pools to increase your staking power within the pools. Cold staking is on our radar and will make it into the roadmap when our budget allows us.
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Q: Which part of grid technology are you planning first to go live? Storage/RAM/CPU/GPU/all at once? Separately?
A: We will be rolling the Colossus Grid out in two phases. The first phase will be storage, and then we will roll out computing power (RAM/CPU/GPU).
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Q: Is Armis I2P technology in development testphase I mean, I have read something like that… If Armis goes live, will there be some kind of option in deskopt wallet to transfer anonymous or will every transaction be fully anonymous like e.g. monero?
A: We recently had a testing phase with the community earlier this year, there will be another test phase with community participants who sign up. If you’re interested in this stay tuned on our socials and apply when the next testing phase happens All transactions will be fully anonymous behind Armis.
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Q: What programming languate is being used for developing COLX? How well this programming language do you think is more suitable for developing crypto, in comparison with other programing languages?
A: C++ is what we’re using at ColossusXT. Each crypto project is different but with what we're developing at ColossusXT. We are best suited to utilize C++.
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Q: What is the second biggest milestone other than launching the grid network for the team. What do you think of your competition like Golem network?
A: Armis will be a big milestone, and I don’t think we go back to our Polis partnership which allows users in Europe and Mexico (they do plan to expand to the US and other countries) the ability to spend their ColossusXT (COLX) wherever Mastercard is accepted. I don’t think the Golem network is taking consumer privacy far enough, in the blockchain industry I also see a lack of drive to push adoption within the United States. This is likely due to unclear regulations right now. ColossusXT is at the forefront of these issues and we intend to lead blockchain through these somewhat murky waters.
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Q: I don’t have a lot of knowledge about crypto-technology… but are there any risks of sensitive data-hijacks through Colx infrastructure? Will the Colx-grid be available for individuals or only larger corporations, and how would one get access to the computing power?
A: There are always risks with technology. We are doing extensive testing and more testing prior to releasing anything. Consumer privacy is apart of the foundation of what we’re building at ColossusXT and we want to ensure any and all of your personal information is secure and private. As technology evolves, we will be right here evolving with it to ensure that consumer privacy protections are always in place.
The Colossus Grid will be available to anyone with a computer. You will access it through the desktop wallet.
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Q: Do you have any new exchange listings planned in the near future?
A: Yes, but unfortunately with these things, every day it’s not something we can often say before the exchange makes their own announcements. If you have certain exchanges that you prefer, do not be shy and tag us on Twitter letting us and the exchange know. You can also reach us everyday at all hours of the day and night on Discord and Telegram.
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Q: Given that Colx had no ICO, are we able to ramp development efforts in case we have potential partnership deal on the table?
A: It really depends. We strategically spend every dime we spend on development. We do not like even a single penny to be waisted, so we don’t move as fast as the projects that raised millions of dollars, but we continue moving none the less. Ramping up our development is something we are working on by securing additional funding and we’re currently working on securing funding. 😊
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Q: How is the project development advancing? What are your plans for the next 5 years and what more can we expect from ColossusXT?
A: Our development is continuing on at a steady pace, we’re looking to ramp this up over the next year as the Colossus Grid will take much of our time but we’re excited. Over the next 5 years, you can expect the Colossus Grid to be live in all forms (storage and computing power), Armis will be released and we will share many technical details on how this consumer privacy protection rivals some of the other privacy protections in the blockchain industry. We expect to be verified and approved to work with the agencies in the United States long before then as well and will be aggressively pursuing federal contracts to utilize the computing power of the Colossus Grid. In 5 years, we plan to be a key player not just in the blockchain industry, but throughout the world. If you do not know ColossusXT now, expect to in 5 years or less.
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Q: Users often care less about technology, but rather the value of the token. How do you manage to strike a balance between developing the technology and also improving the value of COLX? There are so many privacy coins now, all of them claiming to have better features that ColossusXT. Moving forward, what do the next 10 years look like for ColossusXT in navigating the wave of privacy projects coming. How can ColossusXT continue to shine in the midst of seemingly legit projects that have come to challenge ColossusXT like mimblewimble projects and Monero, Zcoin, ect.?

A: The Colossus Grid and Masternodes will have a strong relationship with each other. When the Colossus Grid goes live we expect the masternode demand to continue to rise. Masternodes are a great incentive mechanism to increase network strength and will play an important role within the Colossus Grid. The more masternodes online, the less available coins in the circulating supply; which we expect will eventually reflect ColossusXT (COLX) coin value.
Over the next 10 years, ColossusXT (COLX) will solidify itself as a key player in the blockchain industry, and outside the blockchain industry. Following our strategic business plans, we intend to be one of the first, if not the first to truly bring government and other businesses into the blockchain industry through the Colossus Grid. Armis will be our defining privacy feature, which we expect in time will begin to be adopted by other projects. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: How have the number of Masternodes (MNs) increased/decreased over time/in the past few years? What proportion (%) of MNs actively take part in Governance? How do you see the number of MNs increasing/decreasing in the next couple of years? Is there a trend upwards or downwards?
Is there a specific number (or range) of MNs the team would like to attain ideally? Is it better to have as many MNs as possible or is there a point at which too many MNs start to have an adverse effect on the performance of the blockchain?
Hope this wasn’t too many questions in one :), Ahmed

A: The number of masternodes in the active network is more or less the same, fluctuating around 200-220. About 40% - 50% of masternodes participate actively in governance (see https://governance.colossusxt.io). We expect a number of masternodes to grow as they will have additional benefits with Colossus Grid (see business plan: http://bit.ly/COLXBPLive).
As the team had no premines, only the dev fund can be used for masternodes which is hard to maintain due to actual budget flow. It’s better to have as many masternodes as possible for the network, there is no adverse effect.
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Q: Of all the milestones that $COLX has achieved since your humble beginnings, which do you consider to be the best of it all? What achievements do you feel proud most?
A: It’s often not mentioned but I’m very proud of our partnership with PolisPay, which allows ColossusXT community members to purchase Amazon, Spotify, and other gift cards with ColossusXT (COLX) through the Polis platform. You are also able to spend your COLX anywhere Mastercard is accepted, the card is available only for EU citizens right now and the Polis team hopes to bring in other countries in the future.
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Q: There are problems that can slow down the course of a project such as the emergence of globalization, given the tighter budget, shorter implementation time requirements. My question is, How does $COLX resolve the issue?

A: Given the current situations around the world the Colossus Grid has more value than it ever has, and that value will continue to grow once we have released the Colossus Grid for consumers to share and utilize resources. You can already see from the [email protected] initiative that people are eager to share their computing resources to help researchers simulate different COVID19 simulations. We’ve always worked on a very small budget at ColossusXT starting with 0$ in funding and no pre-mine or ICO/IEO. This project was built for the community by the community, and as of lately we’ve actually been ramping up our business strategies and developments. Since we have all already worked remotely before the COVID19 pandemic, it interestingly allowed us more time to focus and achieve these goals as our day jobs allowed us to spend more time on ColossusXT.
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Q: How will you fight with regulators who are trying to stop privacy coins?

A: We have an amazing legal team at ColossusXT, and they are on top of any new law or regulation that comes out. We’re not afraid of regulators and our legal team makes sure that everything we do for ColossusXT is law-abiding. It's time the world stops looking at privacy as a feature and as a right, especially when you read about different applications and platforms using your personal DATA for their benefit. ColossusXT will continue to push this, and we're prepared to lobby this to lawmakers. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: What type of utilities can $COLX give to users over its competitors like GOLM (computation) or STORJ (Data)?

A: The Colossus Grid has some major differences between Golem and Storj. One we’re a privacy-focused project. If you take a look at many of these applications and platforms today, in some way or another you’re giving up personal information, and/or geographic information. ColossusXT is focused on protecting consumer information, we do not look at privacy as a feature, we see privacy as a right, especially in the tech world today.
The second part of this question is that we’re currently in the verification process of registering with the United States federal and state governments so that we can legally bid on federal and state projects and work with different agencies. This will ensure that as the community members are sharing their idle resources, large corporations and businesses are using it. I’m not aware of the mentioned projects being registered in the United States or taking steps to work with the United States government.
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Q: How will computing power and storage sharing look like, for an average user (marketplace, program download)? What are you currently working on, when can we expect MVP? TY
A: The marketplace and Colossus Grid will be inside the ColossusXT desktop wallet that you currently have now. The UI/UX will change some to allow the additional settings and tabs that will become available and we’re preparing an MVP right now and we hope to share those details with you over the next few months, ask us again in the Q3 AMA if you haven’t seen anything yet :)
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Q: What would you say is the $COLX killer feature that sets it apart from the rest of the competition.
A: We believe that Armis is our killer feature. We recently had a beta this year with the community and will be moving forward later this year with Armis. ColossusXT consumers will have their geographic location and IP fully hidden behind the Armis layer for further security and anonymity for the transactions which will also take place in the Colossus Grid resource marketplace in the future.
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Q: I have been a silent follower of $COLX and I must say that I'm truly impressed with how the team has been diligently working on the project. It'd be nice to have the community be part of something like a bounty or a social awareness contest. As this will not only attract more users to the platform but would also strengthen the bond within the community. When can we possibly expect a community project of this level? #spreadthegrid
A: We currently have a Gleam competition ongoing for social awareness, and we just hired a community manager to spread more community awareness and will be rolling on competitions more regularly. Every quarter we have an AMA on Reddit for the community to ask questions, or just gripe at us, and one person each quarter is awarded 100,000 COLX for participating in the AMA. As we deliver our targets and grow, we will shift more funds from development funds to marketing funds to raise further awareness.
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Q: "Our main competitor is crypto adoption. We are all here to make it happen together.", this is quoted from a founder of a known crypto wallet. Do you see competition as something that strengthens the project as a whole or as a possible distraction due to pressure to be at the top of the crypto ecosystem?

A: This is a two scenario situation. Competition is good for ColossusXT, and we look at our main competitor in blockchain as Golem (GNT), having said that though too much competition or sometimes maximalist behavior isn’t good for crypto, many of these projects should be coming together to lobby lawmakers for laws and regulations that are good for the blockchain industry, as this is still an emerging market and the laws and regulations aren’t exactly in place at this time.
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Q: "For people to believe in crypto, they need to understand the tangible benefits it offers to our society.", a remark made by a crypto project in the past. What exactly would be $COLX real life global benefits? And how do you plan on achieving this?
A: ColossusXT vision will be achievable when the Colossus Grid is released. We are currently in the process of registering with state and federal agencies in the United States, once we are registered to work with these agencies we will pursue contracts with the government, cybersecurity firms and colleges all around the United States, and the world to utilize the resources on the Colossus Grid. We’ve already started building business relationships for this very purpose.
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Q: According to you how much time will it take for $COLX to get into mainstream adoption and execute all the plans set for this project?
A: It’s almost impossible to set a timeline on when the world/people will begin to adopt ColossusXT (COLX) and the Colossus Grid. We don’t believe that adoption for ColossusXT will happen before the Colossus Grid is live, and if I gave you an exact timeline for when or how long it will take you for the Colossus Grid to be adopted I would be lying to you, but we are already forming business relationships and making strategic moves to be able to bid, and work with state and federal agencies in the United States.
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Q: Does Tokens.net plan any kind of staking ($COLX or other coins)?
A: We will reach out to the tokens.net team and see if they have any plans to allow staking.
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Q: How will you try to boost adoption of #COLX, how do you think you will motivate programmers to join opensource project?
A: The Colossus Grid will be available for anyone to use, or share their idle resources for other consumers to use. We will be focusing on providing these resources to state and federal governments, cybersecurity firms, and researchers all across the world. Certainly, we expect some community members to use these resources to mine different PoW cryptocurrencies, but the team at ColossusXT will be focused on bringing in large colleges and universities as well as big cybersecurity businesses that may need supercomputing power at 1/10th of the current prices. Our programmers are our only paid team members, and we pay them at a competitive rate. We’re looking to bring in some more programmers later this year.
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Q: Do you have any special development funds for programmers?
A: Sometimes we pay our programmers out of our own pocket, sometimes we pay them in ColossusXT. It really depends on what kind of agreements have been made. We have been aggressively pursuing different funding opportunities throughout 2020 so that we can expand our development team and in the future, we may have incentives to drive programmers into joining our team. Right now we just stick to a competitive pay scale within the industry.
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Q: Why Android Wallet Revision hasn't been done? Any problems?
A: The Android wallet revision took some time to be approved in the Google Playstore, but it has been released and live since June 15, 2020.
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Q: Whats the second biggest milestone other than the grid network for COLX team?
A: Armis is likely to be considered our second biggest milestone this year, although as I mentioned above this can easily be overshadowed by our Polis partnership which allows you to spend ColossusXT (COLX) anywhere Mastercard is accepted. Although the epay debit card ownership is currently restricted to certain countries (EU zone only), these restrictions will lift in time.
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Q: How is COLX team going to contribute to crypto adoption, other than building a robust network?
A: We’re already in the process of verification to work with state and federal agencies. Adoption for blockchain projects isn’t going to move fast. I read a report just a few days ago about how scammers in the crypto industry stole over 2 million dollars worth of crypto just from the “Elon Musk” impersonations on Twitter.
We will continue to build our network, and seek out state and federal agencies as well as private cybersecurity firms that can utilize the Colossus Grid, we’re not just focused on making noise on social media, we intend to make noise throughout the entire world.
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Q: Are their industry partners to COLX that are awaiting your network to go live?
A: Yes, although I hesitate to go into too much detail here. We are talking with business leaders.
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Q: The ongoing crisis affected the market badly, making many projects far from their targets. What is $COLX strategy in order to survive and pass through this crisis?
A: I agree it affected the market badly, especially the projects that raised hundreds of millions of dollars in crypto and held it through the entire market correction. ColossusXT strategy is different from those affected, we’ve always had a smaller budget than these large projects. We spend the money we have available very wisely, and we’re not in a hurry to grab something that sounds good without doing our due diligence. We make our moves very strategically.
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Q: I gotta ask, what made $COLX decide to get listed on Tokens.net? What beneficial advantage does $COLX get in doing so? How about Tokens.net?
A: Tokens.Net is one of the best exchanges ColossusXT is listed at the moment in comparison to others in terms of volume.
  1. Tokens.net is one of the most secure and transparent exchanges out there, registered in the UK.
  2. The team behind the exchange has deep roots in the crypto/blockchain space, it was co-founded by Damian Merlak, a crypto-pioneer and co-founder of Bitstamp.
  3. Tokens.net provides free auto-trading tool / Market Making Bot. Their Dynamic Trading Rights concept adds transparency to trading volumes.
  4. They allow the community voting option of only truly decentralized projects after a thorough screening.
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Q: Hey everyone! What is the main purpose of the coin $COLX, does it have its own chain or is it some sort of an ERC-20 token? Thank you for the answers.
A: ColossusXT has never been an ERC-20 coin. We have been operating on our own mainnet since 2017. The purpose of ColossusXT (COLX) is to be the native currency of the Colossus Grid. This will allow users to share their idle resources on their computers, and consumers will rent/buy those resources to complete whatever they intend to use them for, from processing large DATA to running scientific simulations, to even mining PoW cryptocurrencies.
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Q: When we can expect any usecase for COLX? A company or service that uses colx for its activities / tasks.
A: There are currently use cases now if your location allows you to utilize the Polis Pay app, or if you have a Polis Pay card you can buy things with ColossusXT (COLX). I myself have tested the card buying gas at a gas station. These are not ColossusXT’s primary focus though and much of our use case will not start until the Colossus Grid is live.
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Q: What pairs will colx have to trade with on tokens.net // Will you connect #COLX with USDT EURS or BTC?
A: ColossusXT will be initially paired with Bitcoin (BTC). If the community would like different pairs, they can certainly request them and we will reach out to tokens.net and work to facilitate requests.
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Q: Will you try to convince users to trade on tokens.net if so how will you do it?
A: There is currently a gleam competition for users to sign up and trade on tokens.net. We “shill” tokens.net accordingly through social media to the ColossusXT community, but can’t really convince anyone to use a certain exchange, although we will try to push as many members to tokens.net as we can. We have many masternode holders who reside in the United States and they are not yet allowed to trade on tokens.net.
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Q: How will you try to create liquidity for your pairs?
A: We would like to increase the adoption rate with real-world partnerships such as our partnership with PolisPay for the use of gift/debit cards. As the liquidity is linked with the use cases, supply/demand mechanics, we are also preparing to provide additional use cases of COLX for the crypto world in an innovative & pioneering way; for the time being, we can hint this as a side business till we deliver fully operational Colossus Grid.
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Q: How big is a development team of #COLX?
A: The ColossusXT team is probably bigger than some people realize, partly because many of the team members are very private. We have 9 core members, 2 in-house developers, 3 Colossus Grid architects, and 2 Colossus Grid developers.
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Q: Do you have some security guys in the team?
A: Yes, although I’m hesitant to share too many personal details about team members. We have core team members who have been working in different fields of IT security for several years.
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Q: Since #COLX is planning on having some sort of a marketplace where you can take advantage of computing resources and the blockchain as well, are there any plans on introducing smart contracts? Will it help the grid? Is there a place for it?
A: This has been mentioned a few times in the past so it’s something on our radar, it’s currently not in the development timeline as the Colossus Grid is a massive amount of work. There may be a place for it as the blockchain industry evolves, and I can certainly see some cases where a smart contract can add some value to the Colossus Grid.
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Important Information:
Website
Whitepaper
Roadmap
Business Plan
Wiki
Governance
Partners
GitHub
What is ColossusXT? (YouTube)
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Follow ColossusXT on:
Twitter
Facebook
Telegram
Discord
Forums
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AMA History:
2018 Q1 2018 Q2 2018 Q3 2018 Q4
2019 Q1 2019 Q2 2019 Q3 2019 Q4
2020 Q1
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