Bitcoin Trader Review 2020: Is it really a scam or legit ...

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.
[link]

Your Pre Market Brief for 08/27/2020

Your Pre Market Brief for Thursday August 27th 2020

You can subscribe to the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily 4:00 AM Pre Market Brief in this sub.
Morning Research and Trading Prep Tool Kit
The Ultimate Quick Resource For the Amateur Trader.
Published 3:00 AM EST / Updated as of 3:30 AM EST
-----------------------------------------------
Stock Futures:
Wednesday 08/25/2020 News and Markets Recap:
Thursday August 27th 2020 Economic Calendar (All times are Eastern)

TODAY: GDP AND UNEMPLOYMENT!!!!

ALSO PENDING HOME SALES
Overnight News Heading into Thursday August 27th 2020
(News Yet to be Traded 8:00 PM - 4:00 AM EST)
End of Day and After Hours News Heading into Thursday August 27th 2020
(News Traded 4:00 PM - 8:00 PM EST)
Offering News
Note: Seeking A url's and Reddit do not get along.
Upcoming Earnings:
-----------------------------------------------
Morning Research and Trading Prep Tool Kit
Other Useful Resources:
The Ultimate Quick Resource For the Amateur Trader.
Subscribe to This Brief and the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily brief in this sub
It is up to you to judge the accuracy and veracity of the above before trading. I take no responsibility for the accuracy of the information in this thread.
submitted by Cicero1982 to pennystocks [link] [comments]

Switzerland is good for business development as it is located in the center of Europe

Switzerland is good for business development as it is located in the center of Europe
Switzerland is good for business development as it is located in the center of Europe. It is convenient to get there for meetings with European partners. A prestigious jurisdiction is especially important for crypto companies that work with customers' money.
Today we will talk about Crypto Valley. What is it and why will Simba be based there?
We have already spoken about the fact that in 2016 the authorities of the city of Zug launched an experiment: they offered residents the option to pay for utilities and government services with bitcoins. Then, Swiss Railways allowed passengers to exchange cash for cryptocurrency in ticket machines. Local officials are satisfied with the pilot project and continue to introduce blockchain into the daily life of residents. There are over a hundred fintech startups operating in Zug now. According to PwC, every 11th fintech startup on the planet opens in Zug.
Due to the cluster of decentralized startups, the canton has been nicknamed Crypto Valley (http://gdi.ch/media/cryptovalleymap_impuls_v2.pdf). The following are located there: the headquarters of the Ethereum blockchain platform; the Monetas cryptocurrency payment system; Bancor, the platform for creating new cryptocurrencies; Bitcoin Suisse AG, the Bitcoin ATM network operator; the Xapo bitcoin wallet provider; the ShapeShift cryptocurrency exchange; and the Lisk blockchain platform, which is competing with Ethereum.
The Crypto Valley Association has (https://cryptovalley.swiss/) recently been established in Crypto Valley. It is engaged in the development of an ecosystem for decentralized technologies, prepares proposals for regulators, launches research projects and organizes events. The association brings together large companies (Luxoft, UBS, PwC, ConsenSys, Monetas and Thomson Reuters), investors, the Zug government, the University of Lucerne, and blockchain startups.
On the map below, you can see where the Swiss company Simba will be registered: 130 meters from #Ethereum #Foundation near #Tezos #Foundation and #Bitcoin #Suisse
Lion Simba chooses only the best locations for itself!
https://preview.redd.it/3tbej7h25ch51.jpg?width=1264&format=pjpg&auto=webp&s=5eb540310fffbdd0b7d7f89eacb23a071d9a2026
submitted by simba_official to simba_official [link] [comments]

Can I justify this purchase? (Car ~50k)

This is probably a frivolous post, my apologies in advance if you don't wanna hear it, but I thought I would get a reality check from some strangers if possible.
I'm early 30s. Married, no kids (maybe never).
I make 140 base, and about 500k USD in stock grants coming over the next couple of years (will be taxed as income) . Wife makes 115.
We bought a house in the city at the end of last year, 300k down and ~850k left in mortgage. Though we have a tentative plan to take what profit we can at the end of the first term and move to a more affordable market.
We have ~160k CAD invested in registered accounts, ~100k USD in a brokerage account, and ~50k CAD and ~32K USD cash on hand (liquidated some stuff for this potential purchase and some potential smallish renovations). I have like 30k CAD in bitcoin I bought forever ago (< 200 a coin) too, but don't really count it.
I currently drive my first car, purchased in 2011 for 14k. It is a 2 door stick shift which the wife can't drive, and the dog can't fit in the back. I'm also quite tall and am ready to not have to climb in an out of it anymore (it's quite low to the ground). It still drives quite well though.
The car is a new Volvo XC40, the base trim but with some packages. We've identified it as a bit of a 'stretch goal', and realize that there is a luxury/splurge element to this. We have the assets to buy it cash, but if we can get a reasonable enough rate (sub 3%), we figure it would make sense to finance a portion of it ( < 40% of total value) and invest the money.
It would be much more prudent to get a Mazda CX-5 with the current 0% financing deal. Or a used car, but we have some picky feature requirements.. mostly centred around car play, cameras etc.
Am I silly to think that we can splurge on this? Please, roast me.
submitted by amitoosmartforavolvo to PersonalFinanceCanada [link] [comments]

A Complete Guide to Cryptocurrency Airdrops

The first guide to cryptocurrency airdrops in Italian with all the information on the vast world of airdrops and bounties.
Before going into this guide to cryptocurrency airdrops, we must make a small premise: the token is the representative unit of measurement of a project (dApps) relating to an ICO / IEO that relies on an already existing blockchain. Ethereum in our case. The coin is instead the unit of measurement of the blockchain itself (Ether in the case of Ethereum). Both fall within the generically defined field of cryptocurrencies (or cryptocurrencies). IEOs differ from ICOs in that they rely on an exchange for the marketing and dissemination phase.

Cryptocurrency AirDrops are in effect a marketing tool used to spread and make known the project of an ICO / IEO through the distribution of a certain number of tokens free of charge. It is possible to get free tokens after purchasing a certain amount of them in the pre-Ico phase, but we will focus only on the free Airdrops which provide practically no cash outlay.

With AirDrop, the operations to be performed are notoriously reduced to a minimum: subscribe to a Telegram channel, register with a valid email address on a main site or download an app from the Android or Apple stores. At your discretion, you can try to spread the most profitable ICOs as much as possible to obtain bonuses from the referral program.


Viral distributive marketing.
On balance, the dissemination of tokens aims to make the project reach the maximum possible virality. If this fails, you will obviously not receive anything. Or in any case the value of the tokens will be close to zero. So it's not worth going crazy to sign up for all the Airdrops and follow their progress week after week, but a selection of the best must be made.

If, on the other hand, the popularity of the ICO / IEO increases, the value of the token will also rise accordingly. The tokens you will get through the Airdrop will not be immediately exchangeable on exchanges, unlike those purchased in the pre-ICO / IEO phase, but you will have to wait for the ICO / IEO to finish. Sometimes it is worth keeping a portion of the tokens linked to the most important projects because their price could rise exponentially, even after a long time.

The most widespread standard for the creation of tokens is the ERC-20 on the Ethereum blockchain. You will therefore need to have a wallet that is compatible with this format. At the end of our complete guide to cryptocurrency airdrops we will list some of them describing their use.

Other types of Token, much less commonly, are based on the Waves, Tron or Stellar blockchain.
To convert the Tokens into Ethereum you will have to move them to an exchange that exchanges the related crypto or have a wallet that has an internal exchange. We will list the most popular ones in both the Desktop and Mobile versions at the bottom of the guide. You will be able to follow the trend of the tokens both on the exchange or on the classic coinmarketcap.com.

Guide to cryptocurrency airdrops: bounties.
The Bounty, unlike the Airdrop, always allows you to receive free tokens but only as a result of an action that must be performed, such as retweeting, following a specific page on Facebook and in general advertising on social media or forums, writing on the blog, make a video, etc ...

For convenience, we will use the term AirDrop in both cases.


What you need to be able to join the airdrops:

1 - An Erc-20 compatible Ethereum wallet. We use Exodus for the desktop and Eidoo for the mobile. The advantage that the Eidoo wallet offers is that you will always see which tokens have arrived there. For other wallets, we recommend following the next steps.

2 - Know how Etherscan.io, MyEtherwallet.com or the Metamask extension for the browser works.

The first site allows you to periodically check if the tokens have been credited to you quickly directly from the browser. It will be enough to enter the address of your Ethereum wallet in the search box at the top right and on the next page select Token Transfer to check which and how many tokens you have won.
Etherwallet and Exodus.
In this guide, the cryptocurrency airdrops also want to prepare the user for the use of the sites or applications necessary to adhere without difficulty to the distribution of tokens.

The Etherwallet site allows you to transfer tokens from one Ethereum address to another, whether it's an exchange or your wallet. In order to access the wallet in which the tokens have been credited, you must select "Send ether and token" in the top menu and on the following page choose which method to access the wallet: mnemonic phrase (12-word passphrase), Keystore if you have decided to open a wallet directly on the site (in this case you will need the password you entered at registration), the private key of the wallet.

In order to download the Exodus private key, press CTRL + SHIFT + D to open the hidden menu. From here select Exodus-> Developer-> Assets-> Ethereum-> Export Private Keys to download the private key with which to access your wallet from the MyEtherwallet.com website. To download the Eidoo private key, follow the procedure described at the following link: https://helpdesk.eidoo.io/hc/it/articles/360018609212-Come-recupero-la-chiave-privata-del-mio-wallet-Ethereum -


Once the wallet has been accessed, it will be sufficient to enter the address of the destination wallet, the amount of tokens to be transferred and the type. Recall that to generate the transaction it is necessary to "gas" (in practice a small amount of Ether that must always be present in the wallet) which goes to reward the miners who certify all operations with their work.

At the bottom right you will see your token list. If, on the other hand, the possibility that a token visible on Etherscan is not present in the list should occur, you must proceed as follows: click on Add another token, enter the address of the contract, the token symbol and the decimals and the game is done. You can see these data by returning to Etherscan.io: click on the name of your token on the right and on the next page the exact name of the token will be shown (which you will already know by now), the ERC-20 contract and the decimals.

Metamask.
With Metamask, the operation is almost identical. Once logged in with your Ethereum wallet, click on the menu on the left, select add token at the bottom and then choose Custom Token. Then enter the token data as described for MyEtherwallet.

3 - A valid email address. Do not use or create addresses that you will no longer access because you will probably be contacted in the future for any checks.

4 - A Telegram account for any registrations and to follow some Airdrop channels. We warn you: it is a real chaos for those who don't chew on the cryptocurrency sector, coins, tokens and much more.

5 - A Twitter account to follow and retweet in case you are asked.


The tokens will become visible at the end of the Airdrop and will actually become yours at the end of the ICO, the date on which they can finally be exchanged. But, as already mentioned, you could decide and keep all or part of them.

The sites or Telegram channels in which the Airdrops are listed are literally endless and often there is the risk of choosing one that pays little dictated by the haste to try the news.

An AirDrop to be safe must be based on a real project described in detail on a dedicated site, have Twitter or Telegram accounts, be followed on various specialized forums, etc ... Stay away from infamous AirDrop that promise you seas and mountains or ask you personal data by email. Never provide your wallet's private key.

And keep following us so you don't miss any more driving updates!
If you liked this article and would like to contribute with a donation:
Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7 Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf
By: cryptoall.it Telegram Channel: t.me/giulo75 Netbox Browser: https://netbox.global/PZn5A
submitted by Giulo75 to u/Giulo75 [link] [comments]

Binance Support Number (+𝟏) 445*𝟗𝟎0*1𝟒𝟐𝟓 ♚ USA Help Phone

These days, the overall economy is just moving towards an all out cutting edge eco-system and subsequently everything starting from money move to theory are going paperless. Also, the cryptographic cash is the latest similarly as the most capable development to the field of electronic portion. The cryptographic cash is basically an exchange medium like the standard money related structures like USD, yet it is essentially planned for exchanging progressed information. Besides, here are a segment of the reasons why computerized Binance Support has gotten so celebrated in the continuous past. Asset moves: The budgetary specialists every now and again portray computerized cash as the technique that on a particular level can be used to actualize and execute two-party contracts on the things like land and vehicles. In addition, the advanced cash condition is similarly used to encourage some master Binance Support methods. Binance Supports: In the normal techniques for proficient connections, legitimate representatives, experts, and mediators can incorporate some unprecedented cost and enough unpredictability to even the immediate Binance Support. Moreover, there are operational expense, commissions, regulatory work and some other unprecedented conditions that may apply too. Of course, the cryptographic cash Binance Supports are adjusted issues that essentially happen on some common structure of frameworks organization. This thing achieves better clearness in setting up audit trails, more important obligation and less confusion over creation portions. Binance Support charges: Transaction costs normally trim down the advantages of an individual, fundamentally if the individual performs stores of cash related Binance Supports every month. Nonetheless, as the data excavators do figuring that generally makes different sorts of cryptographic types of cash get the compensation from the framework being referred to and hence here the Binance Support costs never apply. Nevertheless, one may need to pay a particular proportion of outside costs for associating with the organizations of any untouchable organization organizations to keep up the computerized Binance Support wallet. More mystery methodology for Binance Support: Under the credit/cash structures, the all out Binance Support history can transform into a reference report for the credit association or bank included, come what may while making Binance Support. At the most clear level, this may recall a check for the record acclimates to guarantee the openness of good resources. Regardless, by virtue of cryptographic cash, every Binance Support made between two social events is considered as a stand-out exchange where the terms can be agreed and organized. Additionally, here the information exchange is performed on a "push" premise where one can definitely send what he/she seizes the opportunity to send to the recipient. This thing thoroughly guarantees the security of the money related history similarly as the threat of character or record theft. Less complex trading system all around: Although advanced monetary forms are commonly seen as the real tenders on the open levels, these are not dependent upon the advance costs, exchange rates, Binance Support charges or whatever different costs that are constrained by a particular country. Likewise, by using the appropriated procedure for the blockchain advancement, Binance Supports, and cross-periphery Binance Supports can be performed without any snares. More conspicuous induction to the credits: The Internet and the serious data move are the media that ease advanced cash exchanges. Thusly, these organizations are open to people with data on the cryptographic cash masterminds, a helpful data affiliation and snappy action to the relevant passages and locales. The advanced Binance Support organic framework is prepared for making Binance Support taking care of and asset move open to all the wiling people after the fundamental establishment is accessible set up. Strong security: After favoring the computerized Binance Support move, this can't be exchanged like the "charge-back" Binance Supports of different Visa associations. This can be a help against the deception that necessities to choose explicit understandings among vendors and buyers about limits of the appearance technique or a blunder in the Binance Support. Adaptability: There are around 1200 sorts of altcoins or cryptographic types of cash present in the current world. A bit of these are a bit of transient, anyway an adequate degree is used for express cases, which depict the versatility of this marvel. Blockchains, sidechains, mining - wordings in the incognito universe of cryptographic cash continue aggregating by minutes. Notwithstanding the way that it sounds ludicrous to introduce new fiscal terms in a successfully astounding universe of store, advanced types of cash offer a really vital response for most likely the best burden in the current Binance Support market - security of Binance Support in an automated world. Advanced cash is a describing and irksome improvement in the snappy moving universe of parity tech, a proper response to the necessity for a protected vehicle of exchange the hours of virtual Binance Support. In when game plans are simply digits and numbers, cryptographic cash proposes to do unequivocally that! In the most basic kind of the term, advanced cash is a proof-of-thought for elective virtual money that ensures ensured about, obscure Binance Supports through shared online work sorting out. The misnomer is considerably more a property rather than veritable money. Rather than standard money, cryptographic cash models work without a central influence, as a decentralized progressed instrument. In a scattered advanced Binance Support instrument, the money is given, directed and grasped by the total system peer compose - the tireless activity of which is known as mining on a buddy's machine. Successful diggers get coins too in vitality about their time and resources utilized. At the point when used, the Binance Support information is conveyed to a blockchain in the framework under an open key, shielding each coin from being spent twice from a comparable customer. The blockchain can be thought of as the agent's register. Coins are ensured about behind a mystery word made sure about cutting edge wallet addressing the customer. Effortlessly of coins in the serious money world is pre-picked, freed from control, by any individual, affiliations, government components and cash related foundations. The cryptographic cash structure is known for its speed, as Binance Support practices over the modernized wallets can rise resources immediately, diverged from the customary budgetary system. It is moreover by and large irreversible by arrangement, further strengthening the chance of mystery and shedding any further chances of following the money back to its special owner. Tragically, the eminent features - speed, security, and anonymity - have moreover made crypto-coins the strategy for Binance Support for different unlawful Binance Supports. Much equivalent to the Binance Support market in actuality, money rates shift in the serious coin condition. Inferable from the restricted proportion of coins, as enthusiasm for money grows, coins swell in regard. Bitcoin is the greatest and best advanced cash as of recently, with a market head of $15.3 Billion, getting 37.6% of the market and at present assessed at $8,997.31. Bitcoin hit the currency market in December, 2017 by being Binance Supportd at $19,783.21 per coin, before standing up to the startling make a plunge 2018. The fall is generally a result of rising of alternative electronic coins, for instance, Ethereum, NPCcoin, Ripple, EOS, Litecoin and MintChip. On account of hard-coded limits on their deftly, computerized types of cash are considered to keep comparative principles of money related issues as gold - cost is constrained by the confined effortlessly and the progressions of premium. With the steady instabilities in the exchange rates, their reasonability regardless of everything isn't yet clear. Consequently, the enthusiasm for virtual financial structures is more speculation right now than a standard Binance Support market. In the wake of present day change, this electronic money is a key bit of imaginative aggravation. From the reason for a nice onlooker, this climb may look empowering, subverting and perplexing simultaneously. While some monetary expert remain far fetched, others believe it to be a lightning change of financial industry. Moderately, the serious coins will oust for the most part quarter of open financial principles in the made countries by 2030. This has recently made another favorable position class near to the customary overall economy and another game plan of theory vehicle will start from cryptofinance in the next years. Starting late, Bitcoin may have ventured out to offer spotlight to various cryptographic types of cash. Nevertheless, this doesn't signal any crash of the cryptographic cash itself. While some cash related advisors highlight over governments' activity in separating the secret world to coordinate the central organization part, others request continuing with the current free-stream. The more standard cryptographic types of cash are, the more examination and rule they attract - an ordinary problem that bewilders the serious note and deteriorates the basic objective of its world. Regardless, the nonattendance of go-betweens and oversight is making it incredibly engaging the examiners and making each day business change https://www.fundamentally.com . To be sure, even the International Monetary Fund (IMF) fears that cryptographic types of cash will remove public banks and overall banking soon. After 2030, common business will be controlled by crypto nimbly chain.
submitted by johnathanmar12 to u/johnathanmar12 [link] [comments]

RESEARCH REPORT ABOUT KYBER NETWORK

RESEARCH REPORT ABOUT KYBER NETWORK
Author: Gamals Ahmed, CoinEx Business Ambassador

https://preview.redd.it/9k31yy1bdcg51.jpg?width=936&format=pjpg&auto=webp&s=99bcb7c3f50b272b7d97247b369848b5d8cc6053

ABSTRACT

In this research report, we present a study on Kyber Network. Kyber Network is a decentralized, on-chain liquidity protocol designed to make trading tokens simple, efficient, robust and secure.
Kyber design allows any party to contribute to an aggregated pool of liquidity within each blockchain while providing a single endpoint for takers to execute trades using the best rates available. We envision a connected liquidity network that facilitates seamless, decentralized cross-chain token swaps across Kyber based networks on different chains.
Kyber is a fully on-chain liquidity protocol that enables decentralized exchange of cryptocurrencies in any application. Liquidity providers (Reserves) are integrated into one single endpoint for takers and users. When a user requests a trade, the protocol will scan the entire network to find the reserve with the best price and take liquidity from that particular reserve.

1.INTRODUCTION

DeFi applications all need access to good liquidity sources, which is a critical component to provide good services. Currently, decentralized liquidity is comprised of various sources including DEXes (Uniswap, OasisDEX, Bancor), decentralized funds and other financial apps. The more scattered the sources, the harder it becomes for anyone to either find the best rate for their trade or to even find enough liquidity for their need.
Kyber is a blockchain-based liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application.
The protocol allows for a wide range of implementation possibilities for liquidity providers, allowing a wide range of entities to contribute liquidity, including end users, decentralized exchanges and other decentralized protocols. On the taker side, end users, cryptocurrency wallets, and smart contracts are able to perform instant and trustless token trades at the best rates available amongst the sources.
The Kyber Network is project based on the Ethereum protocol that seeks to completely decentralize the exchange of crypto currencies and make exchange trustless by keeping everything on the blockchain.
Through the Kyber Network, users should be able to instantly convert or exchange any crypto currency.

1.1 OVERVIEW ABOUT KYBER NETWORK PROTOCOL

The Kyber Network is a decentralized way to exchange ETH and different ERC20 tokens instantly — no waiting and no registration needed.
Using this protocol, developers can build innovative payment flows and applications, including instant token swap services, ERC20 payments, and financial DApps — helping to build a world where any token is usable anywhere.
Kyber’s fully on-chain design allows for full transparency and verifiability in the matching engine, as well as seamless composability with DApps, not all of which are possible with off-chain or hybrid approaches. The integration of a large variety of liquidity providers also makes Kyber uniquely capable of supporting sophisticated schemes and catering to the needs of DeFi DApps and financial institutions. Hence, many developers leverage Kyber’s liquidity pool to build innovative financial applications, and not surprisingly, Kyber is the most used DeFi protocol in the world.
The Kyber Network is quite an established project that is trying to change the way we think of decentralised crypto currency exchange.
The Kyber Network has seen very rapid development. After being announced in May 2017 the testnet for the Kyber Network went live in August 2017. An ICO followed in September 2017, with the company raising 200,000 ETH valued at $60 million in just one day.
The live main net was released in February 2018 to whitelisted participants, and on March 19, 2018, the Kyber Network opened the main net as a public beta. Since then the network has seen increasing growth, with network volumes growing more than 500% in the first half of 2019.
Although there was a modest decrease in August 2019 that can be attributed to the price of ETH dropping by 50%, impacting the overall total volumes being traded and processed globally.
They are developing a decentralised exchange protocol that will allow developers to build payment flows and financial apps. This is indeed quite a competitive market as a number of other such protocols have been launched.
In Brief - Kyber Network is a tool that allows anyone to swap tokens instantly without having to use exchanges. - It allows vendors to accept different types of cryptocurrency while still being paid in their preferred crypto of choice. - It’s built primarily for Ethereum, but any smart-contract based blockchain can incorporate it.
At its core, Kyber is a decentralized way to exchange ETH and different ERC20 tokens instantly–no waiting and no registration needed. To do this Kyber uses a diverse set of liquidity pools, or pools of different crypto assets called “reserves” that any project can tap into or integrate with.
A typical use case would be if a vendor allowed customers to pay in whatever currency they wish, but receive the payment in their preferred token. Another example would be for Dapp users. At present, if you are not a token holder of a certain Dapp you can’t use it. With Kyber, you could use your existing tokens, instantly swap them for the Dapp specific token and away you go.
All this swapping happens directly on the Ethereum blockchain, meaning every transaction is completely transparent.

1.1.1 WHY BUILD THE KYBER NETWORK?

While crypto currencies were built to be decentralized, many of the exchanges for trading crypto currencies have become centralized affairs. This has led to security vulnerabilities, with many exchanges becoming the victims of hacking and theft.
It has also led to increased fees and costs, and the centralized exchanges often come with slow transfer times as well. In some cases, wallets have been locked and users are unable to withdraw their coins.
Decentralized exchanges have popped up recently to address the flaws in the centralized exchanges, but they have their own flaws, most notably a lack of liquidity, and often times high costs to modify trades in their on-chain order books.

Some of the Integrations with Kyber Protocol
The Kyber Network was formed to provide users with a decentralized exchange that keeps everything right on the blockchain, and uses a reserve system rather than an order book to provide high liquidity at all times. This will allow for the exchange and transfer of any cryptocurrency, even cross exchanges, and costs will be kept at a minimum as well.
The Kyber Network has three guiding design philosophies since the start:
  1. To be most useful the network needs to be platform-agnostic, which allows any protocol or application the ability to take advantage of the liquidity provided by the Kyber Network without any impact on innovation.
  2. The network was designed to make real-world commerce and decentralized financial products not only possible but also feasible. It does this by allowing for instant token exchange across a wide range of tokens, and without any settlement risk.
  3. The Kyber Network was created with ease of integration as a priority, which is why everything runs fully on-chain and fully transparent. Kyber is not only developer-friendly, but is also compatible with a wide variety of systems.

1.1.2 WHO INVENTED KYBER?

Kyber’s founders are Loi Luu, Victor Tran, Yaron Velner — CEO, CTO, and advisor to the Kyber Network.

1.1.3 WHAT DISTINGUISHES KYBER?

Kyber’s mission has always been to integrate with other protocols so they’ve focused on being developer-friendly by providing architecture to allow anyone to incorporate the technology onto any smart-contract powered blockchain. As a result, a variety of different dapps, vendors, and wallets use Kyber’s infrastructure including Set Protocol, bZx, InstaDApp, and Coinbase wallet.
Besides, dapps, vendors, and wallets, Kyber also integrates with other exchanges such as Uniswap — sharing liquidity pools between the two protocols.
A typical use case would be if a vendor allowed customers to pay in whatever currency they wish, but receive the payment in their preferred token. Another example would be for Dapp users. At present, if you are not a token holder of a certain Dapp you can’t use it. With Kyber, you could use your existing tokens, instantly swap them for the Dapp specific token and away you go.
Limit orders on Kyber allow users to set a specific price in which they would like to exchange a token instead of accepting whatever price currently exists at the time of trading. However, unlike with other exchanges, users never lose custody of their crypto assets during limit orders on Kyber.
The Kyber protocol works by using pools of crypto funds called “reserves”, which currently support over 70 different ERC20 tokens. Reserves are essentially smart contracts with a pool of funds. Different parties with different prices and levels of funding control all reserves. Instead of using order books to match buyers and sellers to return the best price, the Kyber protocol looks at all the reserves and returns the best price among the different reserves. Reserves make money on the “spread” or differences between the buying and selling prices. The Kyber wants any token holder to easily convert one token to another with a minimum of fuss.

1.2 KYBER PROTOCOL

The protocol smart contracts offer a single interface for the best available token exchange rates to be taken from an aggregated liquidity pool across diverse sources. ● Aggregated liquidity pool. The protocol aggregates various liquidity sources into one liquidity pool, making it easy for takers to find the best rates offered with one function call. ● Diverse sources of liquidity. The protocol allows different types of liquidity sources to be plugged into. Liquidity providers may employ different strategies and different implementations to contribute liquidity to the protocol. ● Permissionless. The protocol is designed to be permissionless where any developer can set up various types of reserves, and any end user can contribute liquidity. Implementations need to take into consideration various security vectors, such as reserve spamming, but can be mitigated through a staking mechanism. We can expect implementations to be permissioned initially until the maintainers are confident about these considerations.
The core feature that the Kyber protocol facilitates is the token swap between taker and liquidity sources. The protocol aims to provide the following properties for token trades: ● Instant Settlement. Takers do not have to wait for their orders to be fulfilled, since trade matching and settlement occurs in a single blockchain transaction. This enables trades to be part of a series of actions happening in a single smart contract function. ● Atomicity. When takers make a trade request, their trade either gets fully executed, or is reverted. This “all or nothing” aspect means that takers are not exposed to the risk of partial trade execution. ● Public rate verification. Anyone can verify the rates that are being offered by reserves and have their trades instantly settled just by querying from the smart contracts. ● Ease of integration. Trustless and atomic token trades can be directly and easily integrated into other smart contracts, thereby enabling multiple trades to be performed in a smart contract function.
How each actor works is specified in Section Network Actors. 1. Takers refer to anyone who can directly call the smart contract functions to trade tokens, such as end-users, DApps, and wallets. 2. Reserves refer to anyone who wishes to provide liquidity. They have to implement the smart contract functions defined in the reserve interface in order to be registered and have their token pairs listed. 3. Registered reserves refer to those that will be cycled through for matching taker requests. 4. Maintainers refer to anyone who has permission to access the functions for the adding/removing of reserves and token pairs, such as a DAO or the team behind the protocol implementation. 5. In all, they comprise of the network, which refers to all the actors involved in any given implementation of the protocol.
The protocol implementation needs to have the following: 1. Functions for takers to check rates and execute the trades 2. Functions for the maintainers to registeremove reserves and token pairs 3. Reserve interface that defines the functions reserves needs to implement
https://preview.redd.it/d2tcxc7wdcg51.png?width=700&format=png&auto=webp&s=b2afde388a77054e6731772b9115ee53f09b6a4a

1.3 KYBER CORE SMART CONTRACTS

Kyber Core smart contracts is an implementation of the protocol that has major protocol functions to allow actors to join and interact with the network. For example, the Kyber Core smart contracts provide functions for the listing and delisting of reserves and trading pairs by having clear interfaces for the reserves to comply to be able to register to the network and adding support for new trading pairs. In addition, the Kyber Core smart contracts also provide a function for takers to query the best rate among all the registered reserves, and perform the trades with the corresponding rate and reserve. A trading pair consists of a quote token and any other token that the reserve wishes to support. The quote token is the token that is either traded from or to for all trades. For example, the Ethereum implementation of the Kyber protocol uses Ether as the quote token.
In order to search for the best rate, all reserves supporting the requested token pair will be iterated through. Hence, the Kyber Core smart contracts need to have this search algorithm implemented.
The key functions implemented in the Kyber Core Smart Contracts are listed in Figure 2 below. We will visit and explain the implementation details and security considerations of each function in the Specification Section.

1.4 HOW KYBER’S ON-CHAIN PROTOCOL WORKS?

Kyber is the liquidity infrastructure for decentralized finance. Kyber aggregates liquidity from diverse sources into a pool, which provides the best rates for takers such as DApps, Wallets, DEXs, and End users.

1.4.1 PROVIDING LIQUIDITY AS A RESERVE

Anyone can operate a Kyber Reserve to market make for profit and make their tokens available for DApps in the ecosystem. Through an open reserve architecture, individuals, token teams and professional market makers can contribute token assets to Kyber’s liquidity pool and earn from the spread in every trade. These tokens become available at the best rates across DApps that tap into the network, making them instantly more liquid and useful.
MAIN RESERVE TYPES Kyber currently has over 45 reserves in its network providing liquidity. There are 3 main types of reserves that allow different liquidity contribution options to suit the unique needs of different providers. 1. Automated Price Reserves (APR) — Allows token teams and users with large token holdings to have an automated yet customized pricing system with low maintenance costs. Synthetix and Melon are examples of teams that run APRs. 2. Fed Price Reserves (FPR) — Operated by professional market makers that require custom and advanced pricing strategies tailored to their specific needs. Kyber alongside reserves such as OneBit, runs FPRs. 3. Bridge Reserves (BR) — These are specialized reserves meant to bring liquidity from other on-chain liquidity providers like Uniswap, Oasis, DutchX, and Bancor into the network.

1.5 KYBER NETWORK ROLES

There Kyber Network functions through coordination between several different roles and functions as explained below: - Users — This entity uses the Kyber Network to send and receive tokens. A user can be an individual, a merchant, and even a smart contract account. - Reserve Entities — This role is used to add liquidity to the platform through the dynamic reserve pool. Some reserve entities are internal to the Kyber Network, but others may be registered third parties. Reserve entities may be public if the public contributes to the reserves they hold, otherwise they are considered private. By allowing third parties as reserve entities the network adds diversity, which prevents monopolization and keeps exchange rates competitive. Allowing third party reserve entities also allows for the listing of less popular coins with lower volumes. - Reserve Contributors — Where reserve entities are classified as public, the reserve contributor is the entity providing reserve funds. Their incentive for doing so is a profit share from the reserve. - The Reserve Manager — Maintains the reserve, calculates exchange rates and enters them into the network. The reserve manager profits from exchange spreads set by them on their reserves. They can also benefit from increasing volume by accessing the entire Kyber Network. - The Kyber Network Operator — Currently the Kyber Network team is filling the role of the network operator, which has a function to adds/remove Reserve Entities as well as controlling the listing of tokens. Eventually, this role will revert to a proper decentralized governance.

1.6 BASIC TOKEN TRADE

A basic token trade is one that has the quote token as either the source or destination token of the trade request. The execution flow of a basic token trade is depicted in the diagram below, where a taker would like to exchange BAT tokens for ETH as an example. The trade happens in a single blockchain transaction. 1. Taker sends 1 ETH to the protocol contract, and would like to receive BAT in return. 2. Protocol contract queries the first reserve for its ETH to BAT exchange rate. 3. Reserve 1 offers an exchange rate of 1 ETH for 800 BAT. 4. Protocol contract queries the second reserve for its ETH to BAT exchange rate. 5. Reserve 2 offers an exchange rate of 1 ETH for 820 BAT. 6. This process goes on for the other reserves. After the iteration, reserve 2 is discovered to have offered the best ETH to BAT exchange rate. 7. Protocol contract sends 1 ETH to reserve 2. 8. The reserve sends 820 BAT to the taker.

1.7 TOKEN-TO-TOKEN TRADE

A token-to-token trade is one where the quote token is neither the source nor the destination token of the trade request. The exchange flow of a token to token trade is depicted in the diagram below, where a taker would like to exchange BAT tokens for DAI as an example. The trade happens in a single blockchain transaction. 1. Taker sends 50 BAT to the protocol contract, and would like to receive DAI in return. 2. Protocol contract sends 50 BAT to the reserve offering the best BAT to ETH rate. 3. Protocol contract receives 1 ETH in return. 4. Protocol contract sends 1 ETH to the reserve offering the best ETH to DAI rate. 5. Protocol contract receives 30 DAI in return. 6. Protocol contract sends 30 DAI to the user.

2.KYBER NETWORK CRYSTAL (KNC) TOKEN

Kyber Network Crystal (KNC) is an ERC-20 utility token and an integral part of Kyber Network.
KNC is the first deflationary staking token where staking rewards and token burns are generated from actual network usage and growth in DeFi.
The Kyber Network Crystal (KNC) is the backbone of the Kyber Network. It works to connect liquidity providers and those who need liquidity and serves three distinct purposes. The first of these is to collect transaction fees, and a portion of every fee collected is burned, which keeps KNC deflationary. Kyber Network Crystals (KNC), are named after the crystals in Star Wars used to power light sabers.
The KNC also ensures the smooth operation of the reserve system in the Kyber liquidity since entities must use third-party tokens to buy the KNC that pays for their operations in the network.
KNC allows token holders to play a critical role in determining the incentive system, building a wide base of stakeholders, and facilitating economic flow in the network. A small fee is charged each time a token exchange happens on the network, and KNC holders get to vote on this fee model and distribution, as well as other important decisions. Over time, as more trades are executed, additional fees will be generated for staking rewards and reserve rebates, while more KNC will be burned. - Participation rewards — KNC holders can stake KNC in the KyberDAO and vote on key parameters. Voters will earn staking rewards (in ETH) - Burning — Some of the network fees will be burned to reduce KNC supply permanently, providing long-term value accrual from decreasing supply. - Reserve incentives — KNC holders determine the portion of network fees that are used as rebates for selected liquidity providers (reserves) based on their volume performance.

Finally, the KNC token is the connection between the Kyber Network and the exchanges, wallets, and dApps that leverage the liquidity network. This is a virtuous system since entities are rewarded with referral fees for directing more users to the Kyber Network, which helps increase adoption for Kyber and for the entities using the Network.
And of course there will soon be a fourth and fifth uses for the KNC, which will be as a staking token used to generate passive income, as well as a governance token used to vote on key parameters of the network.
The Kyber Network Crystal (KNC) was released in a September 2017 ICO at a price around $1. There were 226,000,000 KNC minted for the ICO, with 61% sold to the public. The remaining 39% are controlled 50/50 by the company and the founders/advisors, with a 1 year lockup period and 2 year vesting period.
Currently, just over 180 million coins are in circulation, and the total supply has been reduced to 210.94 million after the company burned 1 millionth KNC token in May 2019 and then its second millionth KNC token just three months later.
That means that while it took 15 months to burn the first million KNC, it took just 10 weeks to burn the second million KNC. That shows how rapidly adoption has been growing recently for Kyber, with July 2019 USD trading volumes on the Kyber Network nearly reaching $60 million. This volume has continued growing, and on march 13, 2020 the network experienced its highest daily trading activity of $33.7 million in a 24-hour period.
Currently KNC is required by Reserve Managers to operate on the network, which ensures a minimum amount of demand for the token. Combined with future plans for burning coins, price is expected to maintain an upward bias, although it has suffered along with the broader market in 2018 and more recently during the summer of 2019.
It was unfortunate in 2020 that a beginning rally was cut short by the coronavirus pandemic, although the token has stabilized as of April 2020, and there are hopes the rally could resume in the summer of 2020.

2.1 HOW ARE KNC TOKENS PRODUCED?

The native token of Kyber is called Kyber Network Crystals (KNC). All reserves are required to pay fees in KNC for the right to manage reserves. The KNC collected as fees are either burned and taken out of the total supply or awarded to integrated dapps as an incentive to help them grow.

2.2 HOW DO YOU GET HOLD OF KNC TOKENS?

Kyber Swap can be used to buy ETH directly using a credit card, which can then be used to swap for KNC. Besides Kyber itself, exchanges such as Binance, Huobi, and OKex trade KNC.

2.3 WHAT CAN YOU DO WITH KYBER?

The most direct and basic function of Kyber is for instantly swapping tokens without registering an account, which anyone can do using an Etheruem wallet such as MetaMask. Users can also create their own reserves and contribute funds to a reserve, but that process is still fairly technical one–something Kyber is working on making easier for users in the future.

2.4 THE GOAL OF KYBER THE FUTURE

The goal of Kyber in the coming years is to solidify its position as a one-stop solution for powering liquidity and token swapping on Ethereum. Kyber plans on a major protocol upgrade called Katalyst, which will create new incentives and growth opportunities for all stakeholders in their ecosystem, especially KNC holders. The upgrade will mean more use cases for KNC including to use KNC to vote on governance decisions through a decentralized organization (DAO) called the KyberDAO.
With our upcoming Katalyst protocol upgrade and new KNC model, Kyber will provide even more benefits for stakeholders. For instance, reserves will no longer need to hold a KNC balance for fees, removing a major friction point, and there will be rebates for top performing reserves. KNC holders can also stake their KNC to participate in governance and receive rewards.

2.5 BUYING & STORING KNC

Those interested in buying KNC tokens can do so at a number of exchanges. Perhaps your best bet between the complete list is the likes of Coinbase Pro and Binance. The former is based in the USA whereas the latter is an offshore exchange.
The trading volume is well spread out at these exchanges, which means that the liquidity is not concentrated and dependent on any one exchange. You also have decent liquidity on each of the exchange books. For example, the Binance BTC / KNC books are wide and there is decent turnover. This means easier order execution.
KNC is an ERC20 token and can be stored in any wallet with ERC20 support, such as MyEtherWallet or MetaMask. One interesting alternative is the KyberSwap Android mobile app that was released in August 2019.
It allows for instant swapping of tokens and has support for over 70 different altcoins. It also allows users to set price alerts and limit orders and works as a full-featured Ethereum wallet.

2.6 KYBER KATALYST UPGRADE

Kyber has announced their intention to become the de facto liquidity layer for the Decentralized Finance space, aiming to have Kyber as the single on-chain endpoint used by the majority of liquidity providers and dApp developers. In order to achieve this goal the Kyber Network team is looking to create an open ecosystem that garners trust from the decentralized finance space. They believe this is the path that will lead the majority of projects, developers, and users to choose Kyber for liquidity needs. With that in mind they have recently announced the launch of a protocol upgrade to Kyber which is being called Katalyst.
The Katalyst upgrade will create a stronger ecosystem by creating strong alignments towards a common goal, while also strengthening the incentives for stakeholders to participate in the ecosystem.
The primary beneficiaries of the Katalyst upgrade will be the three major Kyber stakeholders: 1. Reserve managers who provide network liquidity; 2. dApps that connect takers to Kyber; 3. KNC holders.
These stakeholders can expect to see benefits as highlighted below: Reserve Managers will see two new benefits to providing liquidity for the network. The first of these benefits will be incentives for providing reserves. Once Katalyst is implemented part of the fees collected will go to the reserve managers as an incentive for providing liquidity.
This mechanism is similar to rebates in traditional finance, and is expected to drive the creation of additional reserves and market making, which in turn will lead to greater liquidity and platform reach.
Katalyst will also do away with the need for reserve managers to maintain a KNC balance for use as network fees. Instead fees will be automatically collected and used as incentives or burned as appropriate. This should remove a great deal of friction for reserves to connect with Kyber without affecting the competitive exchange rates that takers in the system enjoy. dApp Integrators will now be able to set their own spread, which will give them full control over their own business model. This means the current fee sharing program that shares 30% of the 0.25% fee with dApp developers will go away and developers will determine their own spread. It’s believed this will increase dApp development within Kyber as developers will now be in control of fees.
KNC Holders, often thought of as the core of the Kyber Network, will be able to take advantage of a new staking mechanism that will allow them to receive a portion of network fees by staking their KNC and participating in the KyberDAO.

2.7 COMING KYBERDAO

With the implementation of the Katalyst protocol the KNC holders will be put right at the heart of Kyber. Holders of KNC tokens will now have a critical role to play in determining the future economic flow of the network, including its incentive systems.
The primary way this will be achieved is through KyberDAO, a way in which on-chain and off-chain governance will align to streamline cooperation between the Kyber team, KNC holders, and market participants.
The Kyber Network team has identified 3 key areas of consideration for the KyberDAO: 1. Broad representation, transparent governance and network stability 2. Strong incentives for KNC holders to maintain their stake and be highly involved in governance 3. Maximizing participation with a wide range of options for voting delegation
Interaction between KNC Holders & Kyber
This means KNC holders have been empowered to determine the network fee and how to allocate the fees to ensure maximum network growth. KNC holders will now have three fee allocation options to vote on: - Voting Rewards: Immediate value creation. Holders who stake and participate in the KyberDAO get their share of the fees designated for rewards. - Burning: Long term value accrual. The decreasing supply of KNC will improve the token appreciation over time and benefit those who did not participate. - Reserve Incentives:Value creation via network growth. By rewarding Kyber reserve managers based on their performance, it helps to drive greater volume, value, and network fees.

2.8 TRANSPARENCY AND STABILITY

The design of the KyberDAO is meant to allow for the greatest network stability, as well as maximum transparency and the ability to quickly recover in emergency situations. Initally the Kyber team will remain as maintainers of the KyberDAO. The system is being developed to be as verifiable as possible, while still maintaining maximum transparency regarding the role of the maintainer in the DAO.
Part of this transparency means that all data and processes are stored on-chain if feasible. Voting regarding network fees and allocations will be done on-chain and will be immutable. In situations where on-chain storage or execution is not feasible there will be a set of off-chain governance processes developed to ensure all decisions are followed through on.

2.9 KNC STAKING AND DELEGATION

Staking will be a new addition and both staking and voting will be done in fixed periods of times called “epochs”. These epochs will be measured in Ethereum block times, and each KyberDAO epoch will last roughly 2 weeks.
This is a relatively rapid epoch and it is beneficial in that it gives more rapid DAO conclusion and decision-making, while also conferring faster reward distribution. On the downside it means there needs to be a new voting campaign every two weeks, which requires more frequent participation from KNC stakeholders, as well as more work from the Kyber team.
Delegation will be part of the protocol, allowing stakers to delegate their voting rights to third-party pools or other entities. The pools receiving the delegation rights will be free to determine their own fee structure and voting decisions. Because the pools will share in rewards, and because their voting decisions will be clearly visible on-chain, it is expected that they will continue to work to the benefit of the network.

3. TRADING

After the September 2017 ICO, KNC settled into a trading price that hovered around $1.00 (decreasing in BTC value) until December. The token has followed the trend of most other altcoins — rising in price through December and sharply declining toward the beginning of January 2018.
The KNC price fell throughout all of 2018 with one exception during April. From April 6th to April 28th, the price rose over 200 percent. This run-up coincided with a blog post outlining plans to bring Bitcoin to the Ethereum blockchain. Since then, however, the price has steadily fallen, currently resting on what looks like a $0.15 (~0.000045 BTC) floor.
With the number of partners using the Kyber Network, the price may rise as they begin to fully use the network. The development team has consistently hit the milestones they’ve set out to achieve, so make note of any release announcements on the horizon.

4. COMPETITION

The 0x project is the biggest competitor to Kyber Network. Both teams are attempting to enter the decentralized exchange market. The primary difference between the two is that Kyber performs the entire exchange process on-chain while 0x keeps the order book and matching off-chain.
As a crypto swap exchange, the platform also competes with ShapeShift and Changelly.

5.KYBER MILESTONES

• June 2020: Digifox, an all-in-one finance application by popular crypto trader and Youtuber Nicholas Merten a.k.a DataDash (340K subs), integrated Kyber to enable users to easily swap between cryptocurrencies without having to leave the application. • June 2020: Stake Capital partnered with Kyber to provide convenient KNC staking and delegation services, and also took a KNC position to participate in governance. • June 2020: Outlined the benefits of the Fed Price Reserve (FPR) for professional market makers and advanced developers. • May 2020: Kyber crossed US$1 Billion in total trading volume and 1 Million transactions, performed entirely on-chain on Ethereum. • May 2020: StakeWith.Us partnered Kyber Network as a KyberDAO Pool Master. • May 2020: 2Key, a popular blockchain referral solution using smart links, integrated Kyber’s on-chain liquidity protocol for seamless token swaps • May 2020: Blockchain game League of Kingdoms integrated Kyber to accept Token Payments for Land NFTs. • May 2020: Joined the Zcash Developer Alliance , an invite-only working group to advance Zcash development and interoperability. • May 2020: Joined the Chicago DeFi Alliance to help accelerate on-chain market making for professionals and developers. • March 2020: Set a new record of USD $33.7M in 24H fully on-chain trading volume, and $190M in 30 day on-chain trading volume. • March 2020: Integrated by Rarible, Bullionix, and Unstoppable Domains, with the KyberWidget deployed on IPFS, which allows anyone to swap tokens through Kyber without being blocked. • February 2020: Popular Ethereum blockchain game Axie Infinity integrated Kyber to accept ERC20 payments for NFT game items. • February 2020: Kyber’s protocol was integrated by Gelato Finance, Idle Finance, rTrees, Sablier, and 0x API for their liquidity needs. • January 2020: Kyber Network was found to be the most used protocol in the whole decentralized finance (DeFi) space in 2019, according to a DeFi research report by Binance. • December 2019: Switcheo integrated Kyber’s protocol for enhanced liquidity on their own DEX. • December 2019: DeFi Wallet Eidoo integrated Kyber for seamless in-wallet token swaps. • December 2019: Announced the development of the Katalyst Protocol Upgrade and new KNC token model. • July 2019: Developed the Waterloo Bridge , a Decentralized Practical Cross-chain Bridge between EOS and Ethereum, successfully demonstrating a token swap between Ethereum to EOS. • July 2019: Trust Wallet, the official Binance wallet, integrated Kyber as part of its decentralized token exchange service, allowing even more seamless in-wallet token swaps for thousands of users around the world. • May 2019: HTC, the large consumer electronics company with more than 20 years of innovation, integrated Kyber into its Zion Vault Wallet on EXODUS 1 , the first native web 3.0 blockchain phone, allowing users to easily swap between cryptocurrencies in a decentralized manner without leaving the wallet. • January 2019: Introduced the Automated Price Reserve (APR) , a capital efficient way for token teams and individuals to market make with low slippage. • January 2019: The popular Enjin Wallet, a default blockchain DApp on the Samsung S10 and S20 mobile phones, integrated Kyber to enable in-wallet token swaps. • October 2018: Kyber was a founding member of the WBTC (Wrapped Bitcoin) Initiative and DAO. • October 2018: Developed the KyberWidget for ERC20 token swaps on any website, with CoinGecko being the first major project to use it on their popular site.

Full Article

submitted by CoinEx_Institution to kybernetwork [link] [comments]

How to Cold Store Your Cryptocurrency for Safekeeping

According to CipherTrace (which specializes in litigation tools and services for cryptographic markets), between 2018 and 2019, the amount of theft from cryptographic wallets exceeds $2 billion. Thefts and break-ins are caused by a variety of reasons: simple incompetence in cryptographic storage, as well as by companies that provide storage services. It is not unusual for holders of crypto currency to lose access to their wallets by themselves, one of the last known cases occurred in Ireland: ,57 million dollars couldn’t be confiscated from a detained drug dealer, which were stored in bitcoins. The problem was that the wallets keys were lost.
The most secure way is a cold storage — all account data and private keys are kept offline and all transactions are manual. This storage method is great because it is fully protected from hacking and interception of data, but it is not suitable for those who make daily transfers of cryptocurrency, it is simply inconvenient.
If you compare “cold and hot” wallets, you can give a simple example: A hot wallet can be compared to a wallet that can be lost and stolen. But you can always access your funds. A cold wallet is safe, and access to it is not permanent. You can also take or put money, but it will require a special code.
In this article we will tell you about the most popular types of cold wallets and we will analyze their pros and cons.

Types of cold wallets

All cold wallets have one common thing — the data is stored offline. However, there are several types of cold wallets, which differ in the degree of protection, physical embodiment and cost of the wallet.

Desktop wallet

Desktop wallets are also known for a high level of protection, in addition to the ability to store crypto currency offline. There are so-called “light” wallets weighing less than 1 gb, and “heavy” wallets weighing more than 1 gb. Two of the desktop wallets can be distinguished:

Exodus Wallet

Multicurrency wallet. It was created in 2016 and supports more than 100 crypto currencies, since 2019 has a phone application. The wallet allows you to export private keys that are created locally, and then to upload them back. Private keys can be discounted to removable media and downloaded only when the transaction is completed. If the user decides to leave private keys on the same computer where the wallet is located, keys are securely encrypted. In order to use your wallet ,there is no need to register or to download the entire blockchain — synchronization is taking place online. In addition to wallet services Exodus Wallet provides an integrated crypto-exchange. The installation file weighs 85 mb.

Bitcoin Core

Bitcoin Core is the official Bitcoin wallet. The size of the wallet is 160 gb, but according to the developers of the company, it’s better to give it a separate winchester with the size of 500 gb. From the security viewpoint, it’s suggested to install a security code or a seed phrase, which may consist 8 words. It is also suggested to copy wallet.dat file. — private wallet key, which will allow you to restore access to your funds.

Hardware wallets

Appears like a regular flash drive with an interface (screen, control keys). This wallet can safely store information about the balance and keys, full functionality is available only when connected to a computer, but the latest models have a special button that allows you to confirm the transaction without connecting to a PC. Each time the device offers to generate a new code-password to confirm the transaction, which significantly reduces the probability of hacking. After generating the code, you need to set a mnemonic phrase (seed) — it consists of 12 or 24 words, which are not related to each other in any way. Such type of wallets has a special protection system that allows you to connect even to potentially infected PCs. The wallets themselves won’t be affected by malware.
The obvious cons of hardware wallets are the following:
  1. It is also possible to lose a device that is so small in size.
  2. A physical device can easily fail due to a variety of damages.
  3. It is not recommended to buy such wallets from “hand”, even from friends, as they can be pre-installed with malware.
As you can see, storing crypto currency with a hardware wallets is very safe and secure, however you should take care about the device. Many people who hold a large amount of crypto currency, in order to not to lose a hardware wallet, store it in a safe deposit box, depriving someone of access to it.

Popular Hardware Wallets models

Trezor One

The first hardware wallet produced in 2013 by the Czech company Satoshi Labs. The device has an OLED display with a pin code, public addresses and Seed phrases. Trezor One has won recognition from users due to its multicurrency and affordable price ($65), it is also considered one of the most secure hardware wallets.
Ledger Nano S
The wallet was released in 2016 by the French company Ledger SAS. Distinctive feature from the other wallets, is the Secure Element controller, which meets banking standards and is certified CC EAL 5+. Also, in order to work with each crypto currency you need to install a special application for this currency on the device, it is not quite convenient, however more secure. The average price of the device is $85.
KeepKey
The purse was released in 2015 in the U.S.. Distinctive feature is OLED display — 256 by 64 pixels. Due to this, you can fully see both the address of the wallet, and the seed phrase. Also, the wallet has a built-in exchange service ShapeShift — an opportunity to exchange crypto currency without entering the exchange. The average price of the device is $50.
BitBox01
Ionos Schnelly’s wallet was invented in Switzerland. In size it’s almost the most compact among all representatives of the hardware wallets. A distinctive feature is the availability of a backup — the card can be multiplied and kept in several places, by analogy with the seed-phrase. In November 2020, support for these wallets will be discontinued, but all owners will be given a 30% discount on the new model. The average price of the device is $55.
CoolWalletS
Developed in Taiwan by CoolBitX, which has long been manufacturing components for Visa and MasterCard. As well as Ledger Nano S has a security standard CC EAL 5+. This wallet works only through smartphones, connecting to them through Bluetooch. The average price of the device is $100.

Paper Wallet

In the age of technological process, plain paper has become a rather reliable method for storing cryptocurrency. With the help of special services, such as bitaddress.org, you can generate public and private keys, then writing them down on paper. You can also print keys as a QR code. To accept transactions with such a wallet, you provide the sender with a public key. To access the funds, you need to find any online wallet that supports your crypto currency. Enter your private key into your online wallet, thus integrating your funds into the system. However, you should understand that after this procedure your wallet will become “hot”.
The best of this storage method — paper wallet is free, its safety depends only from you. When storing a paper wallet to protect it from the fire, water and aging. Also, do not tell other people about where your paper wallet is hidden.
The disadvantages of this storage:
  1. If your wallet is lost, it will be impossible to restore it.
  2. Exposed to a physical damage.
  3. After sending the transaction, you will have to create a new cold wallet.

Offline transaction signature

For this storage method, you will need two PCs. The essence is that the secret keys are never in contact with the Internet, but are stored digitally. Offline transaction method is suitable for people who do not make a daily transactions and have an access to two devices. The process is below:
  1. A hot wallet is installed on a PC with the Internet. The transaction is created without entering private keys and authorization.
  2. The file with transaction is copied and transferred to the second PC without Internet, where private keys are stored.
  3. The transaction is signed offline, copied and transferred back to the PC with the Internet.
In fact, you can do it with one PC and a USB drive. The USB drive will store private keys. Also, you can create a transaction without entering private keys and authorization, after disconnecting the Internet, connect the flash drive, sign the transaction, turn on the Internet. In this case, you should take care of the antivirus system.
The disadvantages of this method:
  1. Using two PCs or a USB drive involves a lot of actions, which is time consuming.
  2. You need to back up your keys in case your PC or flash drive fails.

Multi-signature wallet

This method implies the creation of a wallet, which can be only withdrawn on condition that the transaction is verified by a predetermined number of users. The maximum number of users who can hold private keys of the wallet- is 15. It is considered as one of the most reliable ways of storage, in fact private keys are not only stored offline, but also divided between different people. Often the wallet with multisignatures is used by large crypto-companies, whose management believes that individually employees can not spend the budget. Moreover, when creating this wallet, the number of required multisignatures is minimal. For example: if one of the six keys is lost, the remaining ones will be enough for the transaction.
The disadvantages of this storage:
  1. If most of the keys are lost, access to the funds cannot be restored.
  2. You will not be able to make transactions on your own without the participation of other key holders.

Private Key Fragmentation

The private wallet key consists of 64 symbols. The key is divided into several fragments. They don’t represent anything separately, but if you put all the fragments together, you can access the funds. The key fragments are similar to multisignatures, but in this case you don’t need a multisig-wallet, and the whole process can be done manually.
The disadvantages of this method:
  1. If one fragment is lost, access to funds will be lost.
  2. The maximum level of protection can only be reached when key fragments are distributed to different places, for example: bookshelf, safe deposit box, car. If you divide the key fragments and put them in different boxes — the required level of protection will not be achieved.
When writing down key fragments on paper, protect the key from fire, water and aging.

Conclusion

Digital currencies are not physically expressed and exist only in the digital code, so cold wallets that doesn’t have an access to the Internet, protect cryptocurrencies from the most important and common problem — hacker theft. However, holders of cold wallets need to understand that the safety of a private key depends only on them. There are different ways to store private keys outside the network, but each of them makes it difficult for the user to make transactions.
Hardware wallets that have been specifically designed for this purpose are considered to be the best option for storing cryptocurrencies. With their help it is possible both to store funds off the network and to make transactions easily, without risking the safety of a private key. If you use other cold wallets, it is recommended to combine them with hot wallets. Keep the required crypto currency for daily transfers on hot wallets, and keep all other crypto on cold wallets.
Please don’t forget to follow us on Telegram and stay updated!
YOUR CRYPTO BOSS
submitted by yourcryptoboss19 to u/yourcryptoboss19 [link] [comments]

LOEx Market Research Report on August 26: BTC market sentiment is bearish, testing the support point downward

LOEx Market Research Report on August 26: BTC market sentiment is bearish, testing the support point downward
[Today's Hot Tips]
1. [Researcher of Renmin University of China: The issuance of digital currency broadens the range of options for the original monetary policy]
According to People's Daily Online, Fan Zhiyong, a researcher at the National Institute of Development and Strategy, Renmin University of China, published an article demonstrating the importance of digital currency. He believes:
  1. The issuance of digital currency has broadened the range of options for the original monetary policy. If all physical currencies can be converted into digital currencies, this will make it possible for the central bank to break through the lower limit of zero interest rates and reduce nominal interest rates to negative. In addition, digital currency also provides a new quantitative easing tool. The central bank distributes the same amount of digital currency to every citizen in the form of free payment, which can directly bypass the inefficient financial market during the crisis and improve citizens' ability to consume and repay debts, making it easier to achieve the central bank’s monetary policy goal of stabilizing volatility.
  2. The digital currency can make monetary policy more transparent, which can enhance the effectiveness of the monetary transmission mechanism, reduce internal noise, and strengthen the stability of the system. By adopting the central bank's digital currency, the central bank can establish a fixed price level target specified by a specific price index, thereby providing a durable, credible and transparent nominal anchor for the economic system.
  3. The issuance of digital currency can solve the problem of the reduction of physical cash and bring some seigniorage to the central bank.
Fourth, digital currency can increase the stability of the financial system. From a technical point of view, digital currency allows residents, companies and non-bank financial institutions to directly settle with the central bank's digital currency. This can share part of the settlement functions of commercial banks and reduce the concentration of liquidity and credit risk in the payment system.
  1. The digital currency issued by the central bank can provide a truly risk-free alternative to bank deposits. The shift of residents from holding bank deposits to holding digital cash has reduced part of the demand for government guarantees for deposits and weakened a source of moral hazard in the financial system.
2. [Coinbit, South Korea’s third largest exchange, was seized by the police for alleged market manipulation]
According to Seoul Shinmun, Coinbit, South Korea’s third largest exchange, was seized and investigated by the South Korean police, and its chairman and operator were suspected of internal transactions and manipulation of market prices. It is reported that Coinbit ranks behind Bithumb and Upbit and is the third largest exchange in South Korea.
[Today's market analysis]
Bitcoin (BTC)BTC dropped to 11262 USDT in the morning and afternoon, and then rebounded slightly. It is currently oscillating around 11350 USDT. Most mainstream currencies fell. BTC is currently reporting 11352.6 USDT on LOEX Global, a drop of 0.61% in 24h.
Yesterday, BTC failed to initiate an effective rebound on the basis of standing at 11500. After a short rise to around 11650, it started a heavy decline in the market, and a large number of positions were sold for several hours until the early hours of this morning. The trend reached a strong support near 11000 and and gained a short-term stability. From the perspective of wave theory, since the currency price started the downward trend at 12,500, the 1-hour level is now coming out of the third wave of the three downward waves. Since the downward trend has only stabilized for a few hours, it is still unclear whether the third wave has passed. On the other hand, since 11000 is the strongest support since the currency price broke through 10500, it can also be regarded as the last line of defense in the bull market. If the market outlook continues to drop below this point, the probability means that the last wave of the three downward waves has not yet been reached. At the end, there may even be extended waves. On the other hand, if the intraday rebound can stand firm at 11400 or the second test of 11000 gains support again, it will increase the anticipation of bargaining to a certain extent, and a large number of shorts will turn to long. The market outlook says there is a possibility of testing to 12000. Investors need to pay attention to the effectiveness of the 11000 support and the 11400 resistance after the rebound starts. The price on the 26th moved below the three moving averages on the 5th, 10th, and 20th, and the price was relatively empty. If the 10-day moving average crosses the 20-day moving average, it will form a short position, which may trigger a further decline.
Operation suggestions:
Support level: the first support level is 11000 points, the second support level is 10400 integers;
Resistance level: the first resistance level is 11400 points, the second resistance level is 12000 points.
LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Singapore Monetary Authority (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 2 million community members in 24 hours.
https://preview.redd.it/w8emk4q6dbj51.png?width=609&format=png&auto=webp&s=362f16361f8399839e934e7389b0079ababa91dd
submitted by LOEXCHANGE to loex [link] [comments]

TkeyNet: switching to a new Protocol, testing, main theses

TkeyNet: switching to a new Protocol, testing, main theses

https://preview.redd.it/tmi7bp02h2f51.png?width=700&format=png&auto=webp&s=ac7124d584269772286a7bcfd2bb493efcf81ae9
In a series of publications: Coming TkeyNet and listing on exchanges and TkeyNet: release date, a brief analysis of the system, plans-revealed the General characteristics of the new TkeyNet system, which we will all switch to soon.
Given the volume of material, it was possible to miss the main theses or interpret them in their way, while the question ”why now“ was ignored.
Today we will review the main questions and tell you about the testing process of TkeyNet.

Why will the switching to TkeyNet take place this year, and not later, as planned?

Let’s look at the project history. The TKEY concept dates back to October 2017, and it was in the fourth quarter of 2017 that the distributed infrastructure concept was approved. In early 2018, the formation of the TkeyNet architecture began.
To make the whole course of events clear, we highlighted the main points and commented on them:
The projected development period for TkeyNet is 2.5–3 years.
This forecast was made in 2018 when the development of TkeyNet began.

The course of events that was part of our strategy

Core 1.0 launch and exchange
The company planned to launch a Protocol based on Core 1.0 and conduct a subsequent listing of the asset on the exchange in late 2018-in the first half of 2019. Depending on the completion of work on Core 1.0.
Why launch Core 1.0? There is a fixed practice in the market when a project starts on a ready-made blockchain, and then switches to its own, for example, EOS. This project was launched based on the Ethereum blockchain, and later the transition to its Protocol was made.
Our main task was to launch a Protocol with non-standard technical solutions for the market and enter the auction to expand the project audience and obtain liquidity for the asset.
With an increase in the asset price, the company would be able to increase its financial resources and reinvest them in the development of the project. Thus, the launch of a blockchain-based on Core 1.0 fully met these tasks.
In Core 1.0, new transaction models introduced and multi-blockchain support implemented. The first version of the Protocol supported the inclusion of 10 separate chains. The mechanics allowed you to change the number of parallel chains in the blockchain. To increase throughput, the team implemented PostgreSQL support, instead of the typical key-value database that is present in most cryptocurrencies.
Switching to Core 2.0 during trading and then switching to TkeyNet
Next, the plan was to upgrade the network to Core 2.0 and continuously modify it. The modification means the gradual implementation of functionality and standards from TkeyNet so that it is easy to make the transition from Core 2.0 to the new TkeyNet Protocol during trading on the exchange.
https://preview.redd.it/zcf5vnsgg2f51.png?width=1191&format=png&auto=webp&s=d5d5e41551ccc95f8a8a401f8fd2d081f1068939
In 2019, a Core 1.0 — based system launched. The year was simultaneously busy: the first presentation of TkeyNet at APA-2019, presence at IFC-2019, work on draft laws, and at the same time, the year was quite difficult for our company, which affected the timing shifts for products and all project plans in General. The listing did not take place.
Reasons for switching to TkeyNet
There is a silver lining. In the period from April to May, there was positive news from developers: work on TkeyNet will be completed much earlier than planned.
By the end of June, we were preparing to launch a test network based on TkeyNet, to start the final testing of all functions.
On June 22, 2020, the core 1.0 network suspended. For more information, see the link.
Shortly, we will be able to switch to TkeyNet and list the TKEY asset to crypto exchange.
Upon completion of the launch of TkeyNet, the official date of listing of TKEY on the trading platform will publish at the link: tkeycoin.com/start/;

What is TkeyNet?

We have already talked about TkeyNet in the previous article: TkeyNet-release date, a brief analysis of the system, further plans, gave examples of how the use of technology, told what products can be created based on TkeyNet, all this covered in General terms.
https://preview.redd.it/olp8lviig2f51.png?width=7418&format=png&auto=webp&s=9403b97e8bd2080fb8678530dbb418053db317c3
In this publication, we share some theses so that you will gradually develop an objective picture of the new TkeyNet system and its capabilities, which many of you will be able to apply in the future in business or everyday life.
From the very beginning of development, — TkeyNet was intended to improve the existing financial system, not to replace it.
From a technical point of view, the system and its functionality entirely based on blockchain technology. However, this is not a classic variation, as, for example, with bitcoin, but the new implementation of It — more secure, more suitable for global use, more perfect. In simple words, our developers took the best from Bitcoin, Ethereum, Litecoin, and other market leaders, combined their pros, eliminated their cons, and modified existing solutions on the market, resulting in new technology with new features.
For the user, TkeyNet is a fast payment network that allows you to store, use, and move various assets in the payment network, such as currencies, shares, real estate, and precious metals, etc. Businesses will be able to legally conduct international transfers in seconds and significantly save on transactions.
For developers and startups, this means best practices, infrastructure, liquidity, and access to ready-made solutions that can complete in their products.
Among competitors, TkeyNet is much faster than its predecessors, more profitable, and cheaper in terms of transactions.
For businesses and financial institutions, it is an infrastructure that will significantly improve existing financial processes, from payment routing to multi-level exchange and clearing operations.
If we compare the giants of the financial industry-banks, and the new paradigm — distributed payment systems, we will notice a significant difference. The total market capitalization of cryptocurrencies estimated at ≈340 billion US dollars and the capitalization of 10 world banks is 2 trillion dollars. A significant difference, don’t you agree?
http://www.outsourcingportal.eu/en/bitcoin-would-rank-as-8th-largest-bank-globally-with-169-billion-in-market-capitalization
You can’t argue with the numbers, and we must understand that banks remain vital objects of the financial system. Banks help us send funds within the country and abroad, and provide a lot of services, such as loans, deposits, and a lot of other services.
Anyway, using cryptocurrency, users actively exchange it for Fiat currencies to pay for any formed needs. Therefore, TkeyNet will serve as a bridge between fiat and digital currencies, providing its users with best practices and tools through which we will all have access to various digital and cash at any time and anywhere in the world.
The Asian Parliamentary Assembly actively raised the issue of trust and the development of financial products in underdeveloped countries. The problem in such countries is total state control of property registers. Citizens prefer to dispose of their funds in informal settings because they do not consider state systems reliable.
The representatives of the senior management of the TKEY group of companies — Pavel Yakimov (the Director of Information Technologies) and Maxim Yakimov attended these discussions. Both of them recommended several approaches to develop a digital framework that can combat money laundering, and also illustrated open investment platforms, security, and data exchange systems that are based on TKEY distributed solutions. © — businessinsider.com
According to the World Bank alone, about 1.7–1.8 billion people do not have accounts in any financial institution, and about 47% of them located in developing countries. The problem of interaction between a person and a financial institution consists of three main reasons: poverty, trust issues, and geographical difficulties. With systems such as TkeyNet, it is possible to connect people and financial institutions with a single source of trust. With the use of such systems, a person does not need anything other than access to the Internet.
https://www.statista.com/chart/18497/countries-with-the-highest-share-of-adults-without-a-bank-account-in-2017/

The investments that bring us all together

On the other hand, the audience of the TKEY project is quite diverse: our investors represent a variety of professions, a variety of cities, and a variety of age groups. However, one thing, nevertheless, unites us all — this thing is an investment. And therefore, some of the users may not be interested in technical details or the difference between 1.0, 2.0, or TkeyNet. But at least the thesis, the main message, must be understood by absolutely everyone.
The more popular the company’s products are on the market, the stronger it is and the development. Due to the reliability of the company, the prices of its assets grow.
Whether you are interested in technology or not, the company’s development will directly affect the reliability of its assets. Each of us knows that any cooperation, any news is a reason to move on the stock exchange. TkeyNet opens up these opportunities to us, provides several strategically profitable, and importantly — stable partnerships with financial institutions. The number of users in the digital payments segment expected to reach 4,636,34 million by 2024.

https://www.statista.com/outlook/295/100/fintech/worldwide#market-revenue
https://www.statista.com/statistics/647231/worldwide-blockchain-technology-market-size/

Testing the TkeyNet system

From 22 to 24 July, the test network TkeyNet was successfully launched.
Our team is currently actively testing the entire network and conducting a security audit. Developers are testing the network with different scenarios: security, reliability of the full system, as well as individual modules and functions.
Given the different number of similar-looking formulations, but at the same time completely different from each other, some users wondered what is the difference between such concepts: Mainnet, Testnet, and TkeyNet.
Testnet should consider as a demonstration network for testing, testing concepts, new features, experiments, and debugging without the risk of losing any data. Testnet is a polygon for the development team that used to improve the system and introduce new features.
Mainnet (Main Network) this is a complete product, ready to use.
TkeyNet is the name of the infrastructure, the entire system that we are developing, and Testnet and Mainnet are technical concepts within this system.
After testing the system is complete, TkeyNet will launch. We will issue instructions on how to upgrade to the new Protocol and new software, respectively.
Testing takes place without any excesses, and the launch of TkeyNet is just around the corner.
Thank you for being with us! Follow the project news to stay up to date. If you missed the latest news, you read the notification on the site: https://tkeycoin.com/en/news/.
submitted by tkeycoin to Tkeycoin_Official [link] [comments]

The attempted come back of CoinEx, China's forked-Bitcoin exchange

The attempted come back of CoinEx, China's forked-Bitcoin exchange
Written by Shuyao Kong
Published by decrypt.co
An interview with Haipo Yang, a crypto OG who’s trying to reposition his Bitcoin Cash-based CoinEx exchange. And more, in this week’s da bing.
https://preview.redd.it/h5f3i3lldv051.jpg?width=3200&format=pjpg&auto=webp&s=09b8696303ae5c6170753cc438929ebe520d4605
Haipo Yang, founder of ViaBTC, one of the largest mining pools in the world, and CoinEx, a crypto exchange known for its focus on Bitcoin Cash-based trading, is a well-known but relatively quiet character in China’s crypto circle. Typically, Yang doesn’t talk that much about his journey launching the mining pool, nor about CoinEx, which launched in December 2017.
And he almost never speaks about his fervent support for BCH, a hard fork of Bitcoin, and his now even more enthusiastic belief in BSV.
Yet that’s changing of late. Yang has been more active in recent months, participating in interviews about CoinEx and tweeting more frequently on Weibo, China’s Twitter. He’s been making controversial statements predicting the death of BTC, while supporting BCH and BSV on social media.
Recently, Yang told me that as a developer rather than a business person, he’s never been comfortable speaking in public. However he’s making an effort now to help publicize his renovation of CoinEx. So, for this week’s da bing, I decided to chat with him and get a peek into the mind of a veteran crypto entrepreneur who’s trying to make a personal, as well as a platform, comeback.

CoinEx’s golden opportunity

The first hard fork of Bitcoin occurred in August, 2017 and created a new cryptocurrency called Bitcoin Cash. The fork was prompted by partisans, including Yang, who wanted bigger block sizes on the blockchain — the basic idea was that bigger blocks would enable more transactions per second and make Bitcoin Cash something people would actually use to buy things, rather than Bitcoin’s more commonly perceived use as a store of value.
Yang added a tremendous amount of value to the mining scene in China. As a technical founder with has years of experience in big tech firms such as Tencent, Yang is proud of his #buidl skills. He developed most of the code in the early days of VicBTC, which became one of the biggest mining pools to this day.
Not satisfied with owning just a mining pool,Yang conceived of CoinEx, which was born in December of that year, specifically to carry on the mission of the newly forked Bitcoin Cash blockchain. As he got swept up in Bitcoin Cash enthusiasm, he even said that “BCH is bitcoin.”
CoinEx’s strategy was BCH-focused from day one; BCH was its base currency, meaning you could use it to buy and sell other currencies, such as Ethereum and Litecoin.
Interestingly, Jihan Wu, the co-founder of Bitcoin Exchange — himself a famous BCH supporter — was a big investor in the exchange. That made me wonder why he, Yang, and many other OG crypto miners, were so passionate about BCH. Was it just about bigger block sizes?
“Bigger block size means more users and use cases,” Yang explained. The move to bigger block sizes was attractive to miners because they would facilitate more transactions. Miners make money on transaction fees, as well as mining blocks. Likewise, the network would arguably be more useful to people, who were looking for digital cash for every day use.
That especially resonated with many early hardcore Bitcoiners. Said Yang: “We really believe that Bitcoin should be a P2P cash vehicle rather than a store of value.”
This view probably sounds outdated to people who believe that Bitcoin’s value as cash is long gone, with solutions such as Lightning Network fulfilling that role. Instead, the new narrative for Bitcoin resides in its value, rather than utility. Yet Yang believed that the forked network would create far more opportunity
“We could invite influential companies to establish nodes and contribute to the network. This cannot be done with the original Bitcoin architecture,” he said.

CoinEx pivots

But from its inception, CoinEx struggled with adoption and was dwarfed by the bigger exchanges. Part of that had to do with the fact that BCH and “Bitcoin Satoshi’s Vision,” another Bitcoin hard fork, were both controversial. Critics pointed out that these networks are centralized in a few big mining pools, and 51% attacks are not out of the question.
So over time, though Yang’s exchange still maintains strong support for BCH and BSV, it began to add support for all the major currencies.
Finally, in January of this year, it announced a major upgrade, of… well, just about everything. It started to offer futures trading, leveraged trading, options trading, and over 100 token projects available to traders. It even rolled out its own blockchain, “CoinEx Chain” to support a new DEX, “CoinEx DEX.”
https://preview.redd.it/3okoy5mudv051.png?width=1432&format=png&auto=webp&s=7099249da4a95db873d268f2dfc95d8db93a368e
The seemingly sudden publicity of CoinEx should not come as a surprise, then. As BCH/BSV was being marginalized, Yang shifted his focus. He’s now trying to ride the wave of building a bigger, more dynamic exchange.
“Crypto exchanges are where value is discovered,” Yang told me.

CoinEx: TNG

Building an exchange isn’t done overnight, nor is re-building one. CoinEx is still competing with the giants such as Binance.
However Yang thinks his exchange will thrive by zigging when his competitors zag. As usual, CoinEx is taking a slightly different route, he told me.
Like what? “We will be listing 小币种,” he said, using the expression for “small token projects.” I cannot help but wonder if these “small token projects” are simply shitcoins, the trading of which is certainly not new.
Indeed, Yang said that he’s banking on the success of his new, public blockchain. “We are building a CoinEx Chain, a layer one protocol for DEX alone. Using our public blockchain, anyone can issue any token, at any time,” he said. He described the blockchain as “a real decentralized, token-issuance and transaction platform.”
This is the core of Yang’s plan and vision. He believes that centralized exchanges will be a bottleneck for crypto adoption because it contradicts crypto’s nature as a completely free and open infrastructure. Essentially anyone should be able to launch a token and trade it with anyone. Only by building DEXes can we achieve full decentralization, he says.

The Religious nature of Bitcoin, and forked Bitcoin

It’s his belief that Bitcoin should adhere to Satoshi’s original vision that led Yang to send yet another controversial tweet last week, which I will translate: “The early days of Bitcoin expansion are similar to religion. The religious fervor brings prosperity to the industry.”
By extension, Yang believes that the next generation of Bitcoin should provoke a similar “religious” fervor. That’s why he has slowly become more of a BSV advocate than a fan of Bitcoin Cash. Yang believes that “BSV has more religious connotations, despite its negative image.” (As most crypto people know, the controversial Craig Wright, who claims to be Satoshi Nakamoto, led the hard fork which created BSV. Consequently it is often met with skepticism and derision.)
“The early days of Bitcoin expansion are similar to religion,” said Yang. “The religious fervor brings prosperity to the industry.”
Crypto is famous for its tribalism. Many people choose one camp over another not for practical reasons but because of simple faith. Talking to Yang and reading his tweet brings a historic texture to the Bitcoin narrative. But crypto cannot survive on religion alone. One has to build. Hash might have been worshipped in the old days but now the crypto religion is all about the size of the congregation.
Original article
Click here to register on CoinEx!
submitted by CoinExcom to btc [link] [comments]

Basic advantages you get from Digital Gold Token

Life is difficult when one is out of a activity but it’s worse when one retires with out some thing sizable to reveal for it, work is taxing health-clever and labour-smart and time sensible, so one prepares for vintage age and retirement with diverse plans and procedures, some are trying to find to spend money on treasury bonds, mutual price range, stocks, startups, 401k, actual estate and so forth however best few genuinely get to have profitable investments.
Investing is complex, one is confronted with the demanding situations of data and the option of choosing from a plethora of funding options.

https://preview.redd.it/5nzeo7bw2ng51.jpg?width=225&format=pjpg&auto=webp&s=1ac29a6c033750f5e83c64a26559d5d2c72f7fee
Gold is an asset known to man over hundreds of a while,Gold and copper were the primary metals utilized by human beings starting from 5000 BC, The first registered gold determined inside the u.S.A. Become a nugget weighing 7.8kg located in cabarrus county, North Carolina. When more gold become discovered in little creek meadow in 1803, the primary US gold rush commenced.
The world’s biggest gold reserve is held 5 stories underground inside the vault of the Federal Reserve Bank of New York, it includes 25% of all of the gold reserves within the international (540,000 gold bars), most of them belong to foreign govts.
The first-ever gold vending system become established in Dubai in 2010. Due to its rarity and high price, maximum of the gold ever mined continues to be in circulating gold become extracted inside the last one hundred years. Many humans ask why gold is so highly-priced, the cause is its rarity: extra metallic is produced in a single hour than gold over the course of the complete human history. Many scientists agree with that gold is also found in Mars, Mercury and Venus.

https://preview.redd.it/5oc3swd13ng51.jpg?width=225&format=pjpg&auto=webp&s=e412a2469107996f14bea028fdc8e0c9cf3198fa
Reports say China is growing its gold imports and Mark Mobius,an avid dealer in gold has counseled that people purchase gold, he believes that the rate of gold will keep developing as the amount of paper money in the worldwide financial system will increase.
Do you know that less than 82% of USA citizens personal any piece of gold?
The buying and selling extent of digital gold is over $100 m.
Do you understand you can also invest in gold?

Lets speak approximately the possibilities of making an investment in gold the use of a blockchain platform, how about you are able to have one piece of gold that has a token representation,
Today, we can communicate about the virtual gold token, what it does and the way you could sincerely advantage from it.
Now, if you are following closely,you may find out that the crypto marketplace hit its height in 2017, in 2017 bitcoin become selling for $20,000 and in 2020, it's miles floating around $9,000 and each extreme investor need to be searching at this marketplace, at 2017 the entire market capitalization of crypto currencies was almost $1 Trillion dollars and although it has fallen to round $300 billion bucks in 2020, this enterprise nonetheless holds a number of capacity.

https://preview.redd.it/cd1haqc73ng51.jpg?width=303&format=pjpg&auto=webp&s=5f033787e8d83dcc4165683cdcd3e9d90bfb29db
One should be asking why is there so much investment going into the blockchain space, what's the capacity that this element have, many have dubbed blockchain as net 3.0 or the last technology that will bring in internet 3.0, till date, the investments which have long gone through numerous blockchain startups have been over $25 billion greenbacks with the likes of EOS, Telegram raising billions of greenbacks each.

What are the troubles concerned in investing in cryptocurrencies

  1. Volatility: If you study the altcoin alltime index, you may see the disgusting drop in crypto fee
  2. Storage: Knowing which coins to buy and the way to keep them is a huge hassle in the crypto currency global, crypto jacking and hacking are at the all time high as hackers have infested maximum internet browsers with coin mining scripts and just last year over $1 billion greenbacks well worth of crypto belongings were stolen from numerous exchanges which in turn forced them to shut their doorways.
To shop crypto assets, one is required to securely preserve their passwords and their non-public keys because the lack of them method a loss of get entry to to their holdings.

https://preview.redd.it/oyzpb0dd3ng51.jpg?width=634&format=pjpg&auto=webp&s=4844dabe5df4e8c5c726470a5090c484d8c116fb
Tokenization
The idea is aimed at breaking complete units of stocks,infrastructure and so on into smaller pix,
Take one unit of gold and make a virtual unit of it with the blockchain,that concept surely birthed the Digital gold token mission, The digital gold market:allows facilitate a tremendously smooth, effective and efficient purchase/sale machine, users can sincerely fill out a shape that initiates a smart settlement, which then transfers the newly-minted GOLD tokens.
As for builders,they're additionally stored the hassle of the complexities that include integrating a crypto asset to their platform,the digital gold initiatives help them combine without problems.

https://preview.redd.it/gh76zlto3ng51.jpg?width=299&format=pjpg&auto=webp&s=96198a60fd7a222f4d2e55b7ce76a8dc9160b820

Features of Digital Gold

The virtual gold token boosts some of features that makes it particular and profitable for capacity investors to inspect.

It’s a token this is low price and does no longer have have switch prices when one is shifting it, it gives capacity investors the opportunity to diversify their portfolio even as also retaining their wealth in a safe haven, it additionally gives at ease gold possession as the purchased gold in secured in a safe vault, the digital gold token is pretty liquid, which means there may be a market for you each time you ought to promote or buy the token, since the digital gold token is tied to real gold, the token is as precious as gold itself, in order gold will increase in value so does the token.

Visit the webpages for further information:
Official Website : https://gold.storage/ White paper: https://gold.storage/wp.pdf Telegram: https://t.me/digitalgoldcoin

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

Bitcoin Cash, the peer to peer electronic cash system, is under attack and we need your help.

TLDR: Bitcoin Cash, the peer to peer electronic cash system, shifts the dynamics of power from the elites back to the people. This is a threat to the survivability of the banks and regimes seeking to control the masses through the financial system. And there are many direct and indirect evidence (outlined below) of such bad actors trying to sabotage the peer to peer cash revolution through various means. We need your help to stand up against such saboteurs. Unity is our strength when we have to make a righteous stand against the toxic bullies and shifts the power from the elites back into the people hands. Just by speaking up and spreading awareness on this, and refusing to stay silent about it, you’re making a difference, and for that, I thank you.
This is going to be a very long post, please bear with me. And it’s a very long post precisely because the bad actors had tried so many different things to sabotage the peer to peer cash project throughout the years.
Source (OP Return Reduction): https://www.reddit.com/btc/comments/80ycim/a_few_months_after_the_counterparty_developers/
Source (Bitcoin RBF Vulnerability): https://www.ccn.com/bitcoin-atm-double-spenders-police-need-help-identifying-four-criminals/
The global banking elites control over trillion dollars in assets. They can afford to throw few million dollars each day to protect their massive business empires. If I were them, I would make the same choice. It’s a no brainer. They don’t have to win; each day they sabotage the adoption of peer to peer cash, their trillion dollars empire survive another day while the rest of the population suffers.
There are actually plenty more nasty unethical things BTC bullies had done which is not covered here. Bitcoin Cash is an attempt to rescue what the bad actors had hijacked successfully, mainly the peer to peer cash revolution. And it won't be the last time the bad actors will try to find ways to sabotage this project. And we need your help. Bitcoin Cash does not care if you are black, white, Asian, male, female, American, Iranian, Chinese… We are about bringing economic freedom and financial sovereignty to the world, increasing quality of lives to everyone and putting the power back into the people hands. We are in this together. It can be really uncomfortable being ahead of the crowd in this peer to peer cash revolution, but when you have the truth at your side, all these naysayers screaming “bcash btrash” has little power over us.
Update 1: Fixed an inaccuracy and added few other items which I missed out.
submitted by MobTwo to btc [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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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).
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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++.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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. 😊
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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 :)
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: According to you how much time will it take for $COLX to get into mainstream adoption and execute all the plans set for this project?
A: It’s almost impossible to set a timeline on when the world/people will begin to adopt ColossusXT (COLX) and the Colossus Grid. We don’t believe that adoption for ColossusXT will happen before the Colossus Grid is live, and if I gave you an exact timeline for when or how long it will take you for the Colossus Grid to be adopted I would be lying to you, but we are already forming business relationships and making strategic moves to be able to bid, and work with state and federal agencies in the United States.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Does Tokens.net plan any kind of staking ($COLX or other coins)?
A: We will reach out to the tokens.net team and see if they have any plans to allow staking.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Important Information:
Website
Whitepaper
Roadmap
Business Plan
Wiki
Governance
Partners
GitHub
What is ColossusXT? (YouTube)
---------------------------------------------------------------------------------
Follow ColossusXT on:
Twitter
Facebook
Telegram
Discord
Forums
---------------------------------------------------------------------------------
AMA History:
2018 Q1 2018 Q2 2018 Q3 2018 Q4
2019 Q1 2019 Q2 2019 Q3 2019 Q4
2020 Q1
submitted by PioyPioyPioy to ColossuscoinX [link] [comments]

16 RGB LED's and Shift Registers - YouTube Shift Register Lab 2-1 - YouTube Arduino Project #12  3 Pins, 32 LEDs, 4 Shift Registers ... Siemens Logo soft_ Shift Register - 1 - YouTube Ders 1 Shift Register Çalışma Mantığı - YouTube

Bitcoin is gaining the attention of everyone from everyday people to millionaire business people and celebrities. Even though some celebrities are not openly endorsing cryptocurrencies, we have rounded up a list of famous people who have made statements with regards to bitcoin and cryptocurrencies. 1. “Bitcoin is a techno tour de force ... TPIC6B595 High Power Shift Register. The Pi Hut SKU: ADA457. Price: £ 2 / Stock: Only 2 units left. Quantity: Add to cart Notify me. Share this product. Description. Add a bunch of high-power outputs to a microcontroller system with chainable shift registers. These chips take a serial input (SPI) of 1 byte (8 bits) and then output those digital bits onto 8 pins. You can chain them together so ... Bitcoin's volatile history in pictures Bitcoin is used as a currency for the first time. On 22 May, 2010, the first ever real-world bitcoin transaction took place. Lazlo Hanyecz bought two pizzas ... 1. Go to the Bitcoin ATM Map. Pro Tip. You will need a Bitcoin wallet BEFORE you can buy bitcoins at any ATM. This is because Bitcoin ATMs send the coins directly to your Bitcoin address. You can read through our Bitcoin wallet guide to find a wallet. 2. Search by Location. In the search box in the top left, type in the name of your country or city and click enter. 3. Find an ATM. Once you ... Bitcoin: Big Market Shift Dead Ahead By Juan Villaverde on January 08, 2020 In financial markets, it’s rarely possible to know, in advance, precisely when a major event will impact supply and demand — let alone how or where.

[index] [14551] [38514] [45214] [3961] [7963] [35501] [21917] [43383] [30249] [13637]

16 RGB LED's and Shift Registers - YouTube

best tutorial 2016 use of siemens logo soft shift register function For more PLC Programming video: Like , Share & Subscribe now Hotline: 01680274517, 019165... Bitcoin is heading toward an imminent breakdown. We are going to look at both scenarios and discuss which situation is more likely. We are also going to look at other Bitcoin & Crypto News stories ... Hello, Heathens! Welcome to #HeathenHacks If you're new to the channel, please consider subscribing. *****... Here is a video of my latest build using 16 RGB LED's Common Cathode type along with Current limiting Resistors, and all driven primarily by an Arduino UNO a... More Information: http://www.pyroelectro.com/edu/digital/shift_register/ To join this course, please visit any of the following free open-access education si...

#