Transactions Per Second (TPS): Cryptocurrency And

DigiByte: More Secure, Faster & Forward Thinking

DigiByte is more than a faster digital currency. It is an innovative blockchain that can be used for digital assets, smart contracts, decentralized applications and secure authentication.
[link]

GRS: next generation’s crypto. Next to Groestlcoin, Bitcoin looks like something from prehistory: 70 transactions per second, eco-friendly mining, unbeatable customer feedback..see roadmap and next week’s X-mas package. - you ll fancy the name once you experience GRS: fast, safe and user-friendly.

GRS: next generation’s crypto. Next to Groestlcoin, Bitcoin looks like something from prehistory: 70 transactions per second, eco-friendly mining, unbeatable customer feedback..see roadmap and next week’s X-mas package. - you ll fancy the name once you experience GRS: fast, safe and user-friendly. submitted by geertsnoeijer to groestlcoin [link] [comments]

Help with buy limits Least expensive way to push the use of Bitcoin considering Coinjoin and Merge Avoidance Will bitcoin no longer be mined in the bitcoin network only process 3-7 transactions per second calculated?

Is he, and his team, credible ? What are your best practices and maybe you can give me some guidance. I am struggling to do a hard reset on my phone so I can understand what I'm doing. I'm working on the topic of . . . Also, my research essay has to have Segwit and must be open source.
submitted by This_Blackberry to ProjectOblio [link] [comments]

Since they're calling for r/btc to be banned...

Maybe it's time to discuss bitcoin's history again. Credit to u/singularity87 for the original post over 3 years ago.

People should get the full story of bitcoin because it is probably one of the strangest of all reddit subs.
bitcoin, the main sub for the bitcoin community is held and run by a person who goes by the pseudonym u/theymos. Theymos not only controls bitcoin, but also bitcoin.org and bitcointalk.com. These are top three communication channels for the bitcoin community, all controlled by just one person.
For most of bitcoin's history this did not create a problem (at least not an obvious one anyway) until around mid 2015. This happened to be around the time a new player appeared on the scene, a for-profit company called Blockstream. Blockstream was made up of/hired many (but not all) of the main bitcoin developers. (To be clear, Blockstream was founded before mid 2015 but did not become publicly active until then). A lot of people, including myself, tried to point out there we're some very serious potential conflicts of interest that could arise when one single company controls most of the main developers for the biggest decentralised and distributed cryptocurrency. There were a lot of unknowns but people seemed to give them the benefit of the doubt because they were apparently about to release some new software called "sidechains" that could offer some benefits to the network.
Not long after Blockstream came on the scene the issue of bitcoin's scalability once again came to forefront of the community. This issue came within the community a number of times since bitcoins inception. Bitcoin, as dictated in the code, cannot handle any more than around 3 transactions per second at the moment. To put that in perspective Paypal handles around 15 transactions per second on average and VISA handles something like 2000 transactions per second. The discussion in the community has been around how best to allow bitcoin to scale to allow a higher number of transactions in a given amount of time. I suggest that if anyone is interested in learning more about this problem from a technical angle, they go to btc and do a search. It's a complex issue but for many who have followed bitcoin for many years, the possible solutions seem relatively obvious. Essentially, currently the limit is put in place in just a few lines of code. This was not originally present when bitcoin was first released. It was in fact put in place afterwards as a measure to stop a bloating attack on the network. Because all bitcoin transactions have to be stored forever on the bitcoin network, someone could theoretically simply transmit a large number of transactions which would have to be stored by the entire network forever. When bitcoin was released, transactions were actually for free as the only people running the network were enthusiasts. In fact a single bitcoin did not even have any specific value so it would be impossible set a fee value. This meant that a malicious person could make the size of the bitcoin ledger grow very rapidly without much/any cost which would stop people from wanting to join the network due to the resource requirements needed to store it, which at the time would have been for very little gain.
Towards the end of the summer last year, this bitcoin scaling debate surfaced again as it was becoming clear that the transaction limit for bitcoin was semi regularly being reached and that it would not be long until it would be regularly hit and the network would become congested. This was a very serious issue for a currency. Bitcoin had made progress over the years to the point of retailers starting to offer it as a payment option. Bitcoin companies like, Microsoft, Paypal, Steam and many more had began to adopt it. If the transaction limit would be constantly maxed out, the network would become unreliable and slow for users. Users and businesses would not be able to make a reliable estimate when their transaction would be confirmed by the network.
Users, developers and businesses (which at the time was pretty much the only real bitcoin subreddit) started to discuss how we should solve the problem bitcoin. There was significant support from the users and businesses behind a simple solution put forward by the developer Gavin Andreesen. Gavin was the lead developer after Satoshi Nakamoto left bitcoin and he left it in his hands. Gavin initially proposed a very simple solution of increasing the limit which was to change the few lines of code to increase the maximum number of transactions that are allowed. For most of bitcoin's history the transaction limit had been set far far higher than the number of transactions that could potentially happen on the network. The concept of increasing the limit one time was based on the fact that history had proven that no issue had been cause by this in the past.
A certain group of bitcoin developers decided that increasing the limit by this amount was too much and that it was dangerous. They said that the increased use of resources that the network would use would create centralisation pressures which could destroy the network. The theory was that a miner of the network with more resources could publish many more transactions than a competing small miner could handle and therefore the network would tend towards few large miners rather than many small miners. The group of developers who supported this theory were all developers who worked for the company Blockstream. The argument from people in support of increasing the transaction capacity by this amount was that there are always inherent centralisation pressure with bitcoin mining. For example miners who can access the cheapest electricity will tend to succeed and that bigger miners will be able to find this cheaper electricity easier. Miners who have access to the most efficient computer chips will tend to succeed and that larger miners are more likely to be able to afford the development of them. The argument from Gavin and other who supported increasing the transaction capacity by this method are essentially there are economies of scale in mining and that these economies have far bigger centralisation pressures than increased resource cost for a larger number of transactions (up to the new limit proposed). For example, at the time the total size of the blockchain was around 50GB. Even for the cost of a 500GB SSD is only $150 and would last a number of years. This is in-comparison to the $100,000's in revenue per day a miner would be making.
Various developers put forth various other proposals, including Gavin Andresen who put forth a more conservative increase that would then continue to increase over time inline with technological improvements. Some of the employees of blockstream also put forth some proposals, but all were so conservative, it would take bitcoin many decades before it could reach a scale of VISA. Even though there was significant support from the community behind Gavin's simple proposal of increasing the limit it was becoming clear certain members of the bitcoin community who were part of Blockstream were starting to become increasingly vitriolic and divisive. Gavin then teamed up with one of the other main bitcoin developers Mike Hearn and released a coded (i.e. working) version of the bitcoin software that would only activate if it was supported by a significant majority of the network. What happened next was where things really started to get weird.
After this free and open source software was released, Theymos, the person who controls all the main communication channels for the bitcoin community implemented a new moderation policy that disallowed any discussion of this new software. Specifically, if people were to discuss this software, their comments would be deleted and ultimately they would be banned temporarily or permanently. This caused chaos within the community as there was very clear support for this software at the time and it seemed our best hope for finally solving the problem and moving on. Instead a censorship campaign was started. At first it 'all' they were doing was banning and removing discussions but after a while it turned into actively manipulating the discussion. For example, if a thread was created where there was positive sentiment for increasing the transaction capacity or being negative about the moderation policies or negative about the actions of certain bitcoin developers, the mods of bitcoin would selectively change the sorting order of threads to 'controversial' so that the most support opinions would be sorted to the bottom of the thread and the most vitriolic would be sorted to the top of the thread. This was initially very transparent as it was possible to see that the most downvoted comments were at the top and some of the most upvoted were at the bottom. So they then implemented hiding the voting scores next to the users name. This made impossible to work out the sentiment of the community and when combined with selectively setting the sorting order to controversial it was possible control what information users were seeing. Also, due to the very very large number of removed comments and users it was becoming obvious the scale of censorship going on. To hide this they implemented code in their CSS for the sub that completely hid comments that they had removed so that the censorship itself was hidden. Anyone in support of scaling bitcoin were removed from the main communication channels. Theymos even proudly announced that he didn't care if he had to remove 90% of the users. He also later acknowledged that he knew he had the ability to block support of this software using the control he had over the communication channels.
While this was all going on, Blockstream and it's employees started lobbying the community by paying for conferences about scaling bitcoin, but with the very very strange rule that no decisions could be made and no complete solutions could be proposed. These conferences were likely strategically (and successfully) created to stunt support for the scaling software Gavin and Mike had released by forcing the community to take a "lets wait and see what comes from the conferences" kind of approach. Since no final solutions were allowed at these conferences, they only served to hinder and splinter the communities efforts to find a solution. As the software Gavin and Mike released called BitcoinXT gained support it started to be attacked. Users of the software were attack by DDOS. Employees of Blockstream were recommending attacks against the software, such as faking support for it, to only then drop support at the last moment to put the network in disarray. Blockstream employees were also publicly talking about suing Gavin and Mike from various different angles simply for releasing this open source software that no one was forced to run. In the end Mike Hearn decided to leave due to the way many members of the bitcoin community had treated him. This was due to the massive disinformation campaign against him on bitcoin. One of the many tactics that are used against anyone who does not support Blockstream and the bitcoin developers who work for them is that you will be targeted in a smear campaign. This has happened to a number of individuals and companies who showed support for scaling bitcoin. Theymos has threatened companies that he will ban any discussion of them on the communication channels he controls (i.e. all the main ones) for simply running software that he disagrees with (i.e. any software that scales bitcoin).
As time passed, more and more proposals were offered, all against the backdrop of ever increasing censorship in the main bitcoin communication channels. It finally come down the smallest and most conservative solution. This solution was much smaller than even the employees of Blockstream had proposed months earlier. As usual there was enormous attacks from all sides and the most vocal opponents were the employees of Blockstream. These attacks still are ongoing today. As this software started to gain support, Blockstream organised more meetings, especially with the biggest bitcoin miners and made a pact with them. They promised that they would release code that would offer an on-chain scaling solution hardfork within about 4 months, but if the miners wanted this they would have to commit to running their software and only their software. The miners agreed and the ended up not running the most conservative proposal possible. This was in February last year. There is no hardfork proposal in sight from the people who agreed to this pact and bitcoin is still stuck with the exact same transaction limit it has had since the limit was put in place about 6 years ago. Gavin has also been publicly smeared by the developers at Blockstream and a plot was made against him to have him removed from the development team. Gavin has now been, for all intents an purposes, expelled from bitcoin development. This has meant that all control of bitcoin development is in the hands of the developers working at Blockstream.
There is a new proposal that offers a market based approach to scaling bitcoin. This essentially lets the market decide. Of course, as usual there has been attacks against it, and verbal attacks from the employees of Blockstream. This has the biggest chance of gaining wide support and solving the problem for good.
To give you an idea of Blockstream; It has hired most of the main and active bitcoin developers and is now synonymous with the "Core" bitcoin development team. They AFAIK no products at all. They have received around $75m in funding. Every single thing they do is supported by theymos. They have started implementing an entirely new economic system for bitcoin against the will of it's users and have blocked any and all attempts to scaling the network in line with the original vision.
Although this comment is ridiculously long, it really only covers the tip of the iceberg. You could write a book on the last two years of bitcoin. The things that have been going on have been mind blowing. One last thing that I think is worth talking about is the u/bashco's claim of vote manipulation.
The users that the video talks about have very very large numbers of downvotes mostly due to them having a very very high chance of being astroturfers. Around about the same time last year when Blockstream came active on the scene every single bitcoin troll disappeared, and I mean literally every single one. In the years before that there were a large number of active anti-bitcoin trolls. They even have an active sub buttcoin. Up until last year you could go down to the bottom of pretty much any thread in bitcoin and see many of the usual trolls who were heavily downvoted for saying something along the lines of "bitcoin is shit", "You guys and your tulips" etc. But suddenly last year they all disappeared. Instead a new type of bitcoin user appeared. Someone who said they were fully in support of bitcoin but they just so happened to support every single thing Blockstream and its employees said and did. They had the exact same tone as the trolls who had disappeared. Their way to talking to people was aggressive, they'd call people names, they had a relatively poor understanding of how bitcoin fundamentally worked. They were extremely argumentative. These users are the majority of the list of that video. When the 10's of thousands of users were censored and expelled from bitcoin they ended up congregating in btc. The strange thing was that the users listed in that video also moved over to btc and spend all day everyday posting troll-like comments and misinformation. Naturally they get heavily downvoted by the real users in btc. They spend their time constantly causing as much drama as possible. At every opportunity they scream about "censorship" in btc while they are happy about the censorship in bitcoin. These people are astroturfers. What someone somewhere worked out, is that all you have to do to take down a community is say that you are on their side. It is an astoundingly effective form of psychological attack.
submitted by CuriousTitmouse to btc [link] [comments]

The next XVG? Microcap 100x potential actually supported by fundamentals!

What’s up team? I have a hot one for you. XVG returned 12 million percent in 2017 and this one reminds me a lot of it. Here’s why:
Mimblewimble is like Blu-Ray compared to CD-ROM in terms of its ability to compress data on a blockchain. The current BTC chain is 277gb and its capacity is limited because every time you spend a coin, each node needs to validate its history back to when it was mined (this is how double spending is prevented). Mimblewimble is different - all transactions in a block are aggregated and netted out in one giant CoinJoin, and only the current spending needs to be verified. This means that dramatically more transactions can fit into a smaller space, increasing throughput and lowering fees while still retaining the full proof of work game theory of Bitcoin. These blockchains are small enough to run a full node on a cheap smartphone, which enhances the decentralization and censorship resistance of the network.
The biggest benefit, though, is that all transactions are private - the blockchain doesn’t reveal amounts or addresses except to the actual wallet owner. Unlike earlier decoy-based approaches that bloat the chain and can still be data mined (XMR), Mimblewimble leaves no trace in the blockchain, instead storing only the present state of coin ownership.
The first two Mimblewimble coins, Grin and Beam, launched to great fanfare in 2019, quickly reaching over $100m in market cap (since settled down to $22m and $26m respectively). They are good projects but grin has infinite supply and huge never-decreasing emission, and Beam is a corporate moneygrab whose founding investors are counting on you buying for their ROI.
ZEC is valued at $568m today, despite the facts that only 1% of transactions are actually shielded, it has a trusted setup, and generating a confidential transaction takes ~60 seconds on a powerful PC. XMR is a great project but it’s valued at $1.2b (so no 100x) and it uses CryptoNote, which is 2014 tech that relies on a decoy-based approach that could be vulnerable to more powerful computers in the future. Mimblewimble is just a better way to approach privacy because there is simply no data recorded in the blockchain for companies to surveil.
Privacy is not just for darknet markets, porn, money launderers and terrorists. In many countries it’s dangerous to be wealthy, and there are all kinds of problems with having your spending data be out there publicly and permanently for all to see. Namely, companies like Amazon are patenting approaches to identify people with their crypto addresses, “for law enforcement” but also so that, just like credit cards, your spending data can be used to target ads. (A) Coinbase is selling user data to the DEA, IRS, FBI, Secret Service, and who knows who else? (B) What about insurance companies raising your premiums or canceling your policy because they see you buying (legal) cannabis? If your business operates using transparent cryptocurrency, competitors can data mine your customer and supply chain data, and employees can see how much everyone else gets paid. I could go on, but the idea of “I have nothing to hide, so what do I care about privacy?” will increasingly ring hollow as people realize that this money printing will have to be paid by massive tax increases AND that those taxes will be directly debited from their “Central Bank Digital Currency” wallets.
100% privacy for all transactions also eliminates one HUGE problem that people aren’t aware of yet, but they will be: fungibility. Fungibility means that each coin is indistinguishable from any other, just like paper cash. Why is this important? Because of the ever-expanding reach of AML/KYC/KYT (Anti-Money Laundering / Know Your Customer / Know Your Transaction) as regulators cramp down on crypto and banks take over, increasingly coins become “tainted” in various ways. For example, if you withdraw coins to a mixing service like Wasabi or Samourai, you may find your account blocked. (C) The next obvious step is that if you receive coins that these chainalysis services don’t like for whatever reason, you will be completely innocent yet forced to prove that you didn’t know that the coins you bought were up to no good in a past life. 3 days ago, $100k of USDC was frozen. (D) Even smaller coins like LTC now have this problem, because “Chinese Drug Kingpins” used them. (E) I believe that censorable money that can be blocked/frozen isn’t really “your money”.
Epic Cash is a 100% volunteer community project (like XVG and XMR) that had a fair launch in September last year with no ICO and no premine. There are very few projects like this, and it’s a key ingredient in Verge’s success (still at $110m market cap today despite being down 97% since the bubble peak) and why it’s still around. It has a small but super passionate community of “Freemen” who are united by a belief in the sound money economics of Bitcoin Standard emission (21m supply limit and ever-decreasing inflation) and the importance of privacy.
I am super bullish on this coin for the following reasons:
Because it doesn’t have a huge marketing budget in a sea of VC-funded shitcoins, it is as-yet undiscovered, which is why it’s so cheap. There are only 4 Mimblewimble-based currencies on the market: MWC at $162m, BEAM at $26m, GRIN at $22m, and EPIC at $0.4m. This is not financial advice and as always, do your own research, but I’ve been buying this gem for months and will continue to.
This one ticks all the boxes for me, the only real problem is that it’s hard to buy much without causing a huge green candle. Alt season is coming, and coins like this are how your neighbor Chad got his Lambo back in 2017. For 2021, McLaren is a better choice and be sure to pay cash so that it doesn’t get repossessed like Chad!
  1. A https://www.vice.com/en_us/article/d35eax/amazon-bitcoin-patent-data-stream-identify-cryptocurrency-for-law-enforcement-government
  2. B https://decrypt.co/31461/coinbase-wants-to-identify-bitcoin-users-for-dea-irs
  3. C https://www.coindesk.com/binance-blockade-of-wasabi-wallet-could-point-to-a-crypto-crack-up
  4. D https://cointelegraph.com/news/centre-freezes-ethereum-address-holding-100k-usdc
  5. E https://www.coindesk.com/us-treasury-blacklists-bitcoin-litecoin-addresses-of-chinese-drug-kingpins
  6. F https://www.youtube.com/channel/UCWkTxl5Z6DNN0ASMRxSKV5g
  7. G http://epic.tech/whitepaper
  8. H https://medium.com/epic-cash/epic-cash-on-uniswap-22447904d375
  9. I https://epic.tech/wp-content/uploads/2019/09/figure-3.1.jpg
Links:
submitted by pinchegringo to CryptoMoonShots [link] [comments]

2 questions about BCH block time, why the block time fluctuates so much, and what about blocks with 1 transaction, 0 input, 1 output?

When I use a BCH block explorer, I don't understand what I see.
I need some help to guide me on what I believe to see.
I think I see a pattern.
The patterns start with very short block times. There are +10, sometimes 20, blocks per Hr. (for example 642211 - 642220)
The next step will be 3, maybe 4 blocks per Hr.
And the last step will be, you have 1 to 2 block per Hr. Sometimes it can take more than 1 Hr for the next block.
After some time, the circle will start again with a massive number of blocks per Hr.
My first question is, is this pattern correct, and why does this happen?
I aspected a more regular number of distributed blocks per Hr.
My second question is about a block with 1 transaction. (For example block 642226.)
https://explorer.bitcoin.com/bch/block/000000000000000001c7da8497b4b1ff006963fab27044735b59cf01ab26edf1
This block has 0 inputs and 1 output.
Do I understand correctly that this block gives the block reward of 6.25 BCH to the miner, and don't validate transactions? That the miner "mines" an empty block?
If yes, why the miner can have a block reward for an empty block? Is this abusing the system?
submitted by Akahura to btc [link] [comments]

Polkadot Launch AMA Recap

Polkadot Launch AMA Recap

The Polkadot Telegram AMA below took place on June 10, 2020

https://preview.redd.it/4ti681okap951.png?width=4920&format=png&auto=webp&s=e21f6a9a276d35bb9cdec59f46744f23c37966ef
AMA featured:
Dieter Fishbein, Ecosystem Development Lead, Web3 Foundation
Logan Saether, Technical Education, Web3 Foundation
Will Pankiewicz, Master of Validators, Parity Technologies
Moderated by Dan Reecer, Community and Growth, Polkadot & Kusama at Web3 Foundation

Transcription compiled by Theresa Boettger, Polkadot Ambassador:

Dieter Fishbein, Ecosystem Development Lead, Web3 Foundation

Dan: Hey everyone, thanks for joining us for the Polkadot Launch AMA. We have Dieter Fishbein (Head of Ecosystem Development, our business development team), Logan Saether (Technical Education), and Will Pankiewicz (Master of Validators) joining us today.
We had some great questions submitted in advance, and we’ll start by answering those and learning a bit about each of our guests. After we go through the pre-submitted questions, then we’ll open up the chat to live Q&A and the hosts will answer as many questions as they can.
We’ll start off with Dieter and ask him a set of some business-related questions.

Dieter could you introduce yourself, your background, and your role within the Polkadot ecosystem?

Dieter: I got my start in the space as a cryptography researcher at the University of Waterloo. This is where I first learned about Bitcoin and started following the space. I spent the next four years or so on the investment team for a large asset manager where I primarily focused on emerging markets. In 2017 I decided to take the plunge and join the space full-time. I worked at a small blockchain-focused VC fund and then joined the Polkadot team just over a year ago. My role at Polkadot is mainly focused on ensuring there is a vibrant community of projects building on our technology.

Q: Adoption of Polkadot of the important factors that all projects need to focus on to become more attractive to the industry. So, what is Polkadot's plan to gain more Adoption? [sic]

A (Dieter): Polkadot is fundamentally a developer-focused product so much of our adoption strategy is focused around making Polkadot an attractive product for developers. This has many elements. Right now the path for most developers to build on Polkadot is by creating a blockchain using the Substrate framework which they will later connect to Polkadot when parachains are enabled. This means that much of our adoption strategy comes down to making Substrate an attractive tool and framework. However, it’s not just enough to make building on Substrate attractive, we must also provide an incentive to these developers to actually connect their Substrate-based chain to Polkadot. Part of this incentive is the security that the Polkadot relay chain provides but another key incentive is becoming interoperable with a rich ecosystem of other projects that connect to Polkadot. This means that a key part of our adoption strategy is outreach focused. We go out there and try to convince the best projects in the space that building on our technology will provide them with significant value-add. This is not a purely technical argument. We provide significant support to projects building in our ecosystem through grants, technical support, incubatoaccelerator programs and other structured support programs such as the Substrate Builders Program (https://www.substrate.io/builders-program). I do think we really stand out in the significant, continued support that we provide to builders in our ecosystem. You can also take a look at the over 100 Grants that we’ve given from the Web3 Foundation: https://medium.com/web3foundation/web3-foundation-grants-program-reaches-100-projects-milestone-8fd2a775fd6b

Q: On moving forward through your roadmap, what are your most important next priorities? Does the Polkadot team have enough fundamentals (Funds, Community, etc.) to achieve those milestones?

A (Dieter): I would say the top priority by far is to ensure a smooth roll-out of key Polkadot features such as parachains, XCMP and other key parts of the protocol. Our recent Proof of Authority network launch was only just the beginning, it’s crucial that we carefully and successfully deploy features that allow builders to build meaningful technology. Second to that, we want to promote adoption by making more teams aware of Polkadot and how they can leverage it to build their product. Part of this comes down to the outreach that I discussed before but a major part of it is much more community-driven and many members of the team focus on this.
We are also blessed to have an awesome community to make this process easier 🙂

Q: Where can a list of Polkadot's application-specific chains can be found?

A (Dieter): The best list right now is http://www.polkaproject.com/. This is a community-led effort and the team behind it has done a terrific job. We’re also working on providing our own resource for this and we’ll share that with the community when it’s ready.

Q: Could you explain the differences and similarities between Kusama and Polkadot?

A (Dieter): Kusama is fundamentally a less robust, faster-moving version of Polkadot with less economic backing by validators. It is less robust since we will be deploying new technology to Kusama before Polkadot so it may break more frequently. It has less economic backing than Polkadot, so a network takeover is easier on Kusama than on Polkadot, lending itself more to use cases without the need for bank-like security.
In exchange for lower security and robustness, we expect the cost of a parachain lease to be lower on Kusama than Polkadot. Polkadot will always be 100% focused on security and robustness and I expect that applications that deal with high-value transactions such as those in the DeFi space will always want a Polkadot deployment, I think there will be a market for applications that are willing to trade cheap, high throughput for lower security and robustness such as those in the gaming, content distribution or social networking sectors. Check out - https://polkadot.network/kusama-polkadot-comparing-the-cousins/ for more detailed info!

Q: and for what reasons would a developer choose one over the other?

A (Dieter): Firstly, I see some earlier stage teams who are still iterating on their technology choosing to deploy to Kusama exclusively because of its lower-stakes, faster moving environment where it will be easier for them to iterate on their technology and build their user base. These will likely encompass the above sectors I identified earlier. To these teams, Polkadot becomes an eventual upgrade path for them if, and when, they are able to perfect their product, build a larger community of users and start to need the increased stability and security that Polkadot will provide.
Secondly, I suspect many teams who have their main deployment on Polkadot will also have an additional deployment on Kusama to allow them to test new features, either their tech or changes to the network, before these are deployed to Polkadot mainnet.

Logan Saether, Technical Education, Web3 Foundation

Q: Sweet, let's move over to Logan. Logan - could you introduce yourself, your background, and your role within the Polkadot ecosystem?

A (Logan): My initial involvement in the industry was as a smart contract engineer. During this time I worked on a few projects, including a reboot of the Ethereum Alarm Clock project originally by Piper Merriam. However, I had some frustrations at the time with the limitations of the EVM environment and began to look at other tools which could help me build the projects that I envisioned. This led to me looking at Substrate and completing a bounty for Web3 Foundation, after which I applied and joined the Technical Education team. My responsibilities at the Technical Education team include maintaining the Polkadot Wiki as a source of truth on the Polkadot ecosystem, creating example applications, writing technical documentation, giving talks and workshops, as well as helping initiatives such as the Thousand Validator Programme.

Q: The first technical question submitted for you was: "When will an official Polkadot mobile wallet appear?"

A (Logan): There is already an “official” wallet from Parity Technologies called the Parity Signer. Parity Signer allows you to keep your private keys on an air-gapped mobile device and to interactively sign messages using web interfaces such as Polkadot JS Apps. If you’re looking for something that is more of an interface to the blockchain as well as a wallet, you might be interested in PolkaWallet which is a community team that is building a full mobile interface for Polkadot.
For more information on Parity Signer check out the website: https://www.parity.io/signe

Q: Great thanks...our next question is: If someone already developed an application to run on Ethereum, but wants the interoperability that Polkadot will offer, are there any advantages to rebuilding with Substrate to run as a parachain on the Polkadot network instead of just keeping it on Ethereum and using the Ethereum bridge for use with Polkadot?

A (Logan): Yes, the advantage you would get from building on Substrate is more control over how your application will interact with the greater Polkadot ecosystem, as well as a larger design canvas for future iterations of your application.
Using an Ethereum bridge will probably have more cross chain latency than using a Polkadot parachain directly. The reason for this is due to the nature of Ethereum’s separate consensus protocol from Polkadot. For parachains, messages can be sent to be included in the next block with guarantees that they will be delivered. On bridged chains, your application will need to go through more routes in order to execute on the desired destination. It must first route from your application on Ethereum to the Ethereum bridge parachain, and afterward dispatch the XCMP message from the Polkadot side of the parachain. In other words, an application on Ethereum would first need to cross the bridge then send a message, while an application as a parachain would only need to send the message without needing to route across an external bridge.

Q: DOT transfers won't go live until Web3 removes the Sudo module and token holders approve the proposal to unlock them. But when will staking rewards start to be distributed? Will it have to after token transfers unlock? Or will accounts be able to accumulate rewards (still locked) once the network transitions to NPoS?

A (Logan): Staking rewards will be distributed starting with the transition to NPoS. Transfers will still be locked during the beginning of this phase, but reward payments are technically different from the normal transfer mechanism. You can read more about the launch process and steps at http://polkadot.network/launch-roadmap

Q: Next question is: I'm interested in how Cumulus/parachain development is going. ETA for when we will see the first parachain registered working on Kusama or some other public testnet like Westend maybe?

A (Logan): Parachains and Cumulus is a current high priority development objective of the Parity team. There have already been PoC parachains running with Cumulus on local testnets for months. The current work now is making the availability and validity subprotocols production ready in the Polkadot client. The best way to stay up to date would be to follow the project boards on GitHub that have delineated all of the tasks that should be done. Ideally, we can start seeing parachains on Westend soon with the first real parachains being deployed on Kusama thereafter.
The projects board can be viewed here: https://github.com/paritytech/polkadot/projects
Dan: Also...check out Basti's tweet from yesterday on the Cumulus topic: https://twitter.com/bkchstatus/1270479898696695808?s=20

Q: In what ways does Polkadot support smart contracts?

A (Logan): The philosophy behind the Polkadot Relay Chain is to be as minimal as possible, but allow arbitrary logic at the edges in the parachains. For this reason, Polkadot does not support smart contracts natively on the Relay Chain. However, it will support smart contracts on parachains. There are already a couple major initiatives out there. One initiative is to allow EVM contracts to be deployed on parachains, this includes the Substrate EVM module, Parity’s Frontier, and projects such as Moonbeam. Another initiative is to create a completely new smart contract stack that is native to Substrate. This includes the Substrate Contracts pallet, and the ink! DSL for writing smart contracts.
Learn more about Substrate's compatibility layer with Ethereum smart contracts here: https://github.com/paritytech/frontier

Will Pankiewicz, Master of Validators, Parity Technologies


Q: (Dan) Thanks for all the answers. Now we’ll start going through some staking questions with Will related to validating and nominating on Polkadot. Will - could you introduce yourself, your background, and your role within the Polkadot ecosystem?

A (Will): Sure thing. Like many others, Bitcoin drew me in back in 2013, but it wasn't until Ethereum came that I took the deep dive into working in the space full time. It was the financial infrastructure aspects of cryptocurrencies I was initially interested in, and first worked on dexes, algorithmic trading, and crypto funds. I really liked the idea of "Generalized Mining" that CoinFund came up with, and started to explore the whacky ways the crypto funds and others can both support ecosystems and be self-sustaining at the same time. This drew me to a lot of interesting experiments in what later became DeFi, as well as running validators on Proof of Stake networks. My role in the Polkadot ecosystem as “Master of Validators” is ensuring the needs of our validator community get met.

Q: Cool thanks. Our first community question was "Is it still more profitable to nominate the validators with lesser stake?"

A (Will): It depends on their commission, but generally yes it is more profitable to nominate validators with lesser stake. When validators have lesser stake, when you nominate them this makes your nomination stake a higher percentage of total stake. This means when rewards get distributed, it will be split more favorably toward you, as rewards are split by total stake percentage. Our entire rewards scheme is that every era (6 hours in Kusama, 24 hours in Polkadot), a certain amount of rewards get distributed, where that amount of rewards is dependent on the total amount of tokens staked for the entire network (50% of all tokens staked is currently optimal). These rewards from the end of an era get distributed roughly equally to all validators active in the validator set. The reward given to each validator is then split between the validators and all their nominators, determined by the total stake that each entity contributes. So if you contribute to a higher percentage of the total stake, you will earn more rewards.

Q: What does priority ranking under nominator addresses mean? For example, what does it mean that nominator A has priority 1 and nominator B has priority 6?

A (Will): Priority ranking is just the index of the nomination that gets stored on chain. It has no effect on how stake gets distributed in Phragmen or how rewards get calculated. This is only the order that the nominator chose their validators. The way that stake from a nominator gets distributed from a nominator to validators is via Phragmen, which is an algorithm that will optimally put stake behind validators so that distribution is roughly equal to those that will get in the validator set. It will try to maximize the total amount at stake in the network and maximize the stake behind minimally staked validators.

Q: On Polkadot.js, what does it mean when there are nodes waiting on Polkadot?

**A (Will):**In Polkadot there is a fixed validator set size that is determined by governance. The way validators get in the active set is by having the highest amount of total stake relative to other validators. So if the validator set size is 100, the top 100 validators by total stake will be in the validator set. Those not active in the validator set will be considered “waiting”.

Q: Another question...Is it necessary to become a waiting validator node right now?

A (Will): It's not necessary, but highly encouraged if you actively want to validate on Polkadot. The longer you are in the waiting tab, the longer you get exposure to nominators that may nominate you.

Q: Will current validators for Kusama also validate for Polkadot? How strongly should I consider their history (with Kusama) when looking to nominate a good validator for DOTs?

A (Will): A lot of Kusama validators will also be validators for Polkadot, as KSM was initially distributed to DOT holders. The early Kusama Validators will also likely be the first Polkadot validators. Being a Kusama validator should be a strong indicator for who to nominate on Polkadot, as the chaos that has ensued with Kusama has allowed validators to battle test their infrastructure. Kusama validators by now are very familiar with tooling, block explorers, terminology, common errors, log formats, upgrades, backups, and other aspects of node operation. This gives them an edge against Polkadot validators that may be new to the ecosystem. You should strongly consider well known Kusama validators when making your choices as a nominator on Polkadot.

Q: Can you go into more details about the process for becoming a DOT validator? Is it similar as the KSM 1000 validators program?

A (Will): The Process for becoming a DOT validators is first to have DOTs. You cannot be a validator without DOTs, as DOTs are used to pay transaction fees, and the minimum amount of DOTs you need is enough to create a validate transaction. After obtaining enough DOTs, you will need to set up your validator infrastructure. Ideally you should have a validator node with specs that match what we call standard hardware, as well as one or more sentry nodes to help isolate the validator node from attacks. After the infrastructure is up and running, you should have your Polkadot accounts set up right with a stash bonded to a controller account, and then submit a validate transaction, which will tell the network your nodes are ready to be a part of the network. You should then try and build a community around your validator to let others know you are trustworthy so that they will nominate you. The 1000 validators programme for Kusama is a programme that gives a certain amount of nominations from the Web3 Foundation and Parity to help bootstrap a community and reputation for validators. There may eventually be a similar type of programme for Polkadot as well.
Dan: Thanks a lot for all the answers, Will. That’s the end of the pre-submitted questions and now we’ll open the chat up to live Q&A, and our three team members will get through as many of your questions as possible.
We will take questions related to business development, technology, validating, and staking. For those wondering about DOT:
DOT tokens do not exist yet. Allocations of Polkadot's native DOT token are technically and legally non-transferable. Hence any publicized sale of DOTs is unsanctioned by Web3 Foundation and possibly fraudulent. Any official public sale of DOTs will be announced on the Web3 Foundation website. Polkadot’s launch process started in May and full network decentralization later this year, holders of DOT allocations will determine issuance and transferability. For those who participated in previous DOT sales, you can learn how to claim your DOTs here (https://wiki.polkadot.network/docs/en/claims).


Telegram Community Follow-up Questions Addressed Below


Q: Polkadot looks good but it confuses me that there are so many other Blockchain projects. What should I pay attention in Polkadot to give it the importance it deserves? What are your planning to achieve with your project?

A (Will): Personally, what I think differentiates it is the governance process. Coordinating forkless upgrades and social coordination helps stand it apart.
A (Dieter): The wiki is awesome - https://wiki.polkadot.network/

Q: Over 10,000 ETH paid as a transaction fee , what if this happens on Polkadot? Is it possible we can go through governance to return it to the owner?

A: Anything is possible with governance including transaction reversals, if a network quorum is reached on a topic.
A (Logan): Polkadot transaction fees work differently than the fees on Ethereum so it's a bit more difficult to shoot yourself in the foot as the whale who sent this unfortunate transaction. See here for details on fees: https://w3f-research.readthedocs.io/en/latest/polkadot/Token%20Economics.html?highlight=transaction%20fees#relay-chain-transaction-fees-and-per-block-transaction-limits
However, there is a tip that the user can input themselves which they could accidentally set to a large amount. In this cases, yes, they could proposition governance to reduce the amount that was paid in the tip.

Q: What is the minimum ideal amount of DOT and KSM to have if you want to become a validator and how much technical knowledge do you need aside from following the docs?

A (Will): It depends on what the other validators in the ecosystem are staking as well as the validator set size. You just need to be in the top staking amount of the validator set size. So if its 100 validators, you need to be in the top 100 validators by stake.

Q: Will Web3 nominate validators? If yes, which criteria to be elected?

A (Will): Web 3 Foundation is running programs like the 1000 validators programme for Kusama. There's a possibility this will continue on for Polkadot as well after transfers are enabled. https://thousand-validators.kusama.network/#/
You will need to be an active validator to earn rewards. Only those active in the validator set earn rewards. I would recommend checking out parts of the wiki: https://wiki.polkadot.network/docs/en/maintain-guides-validator-payout

Q: Is it possible to implement hastables or dag with substrate?

A (Logan): Yes.

Q: Polkadot project looks very futuristic! But, could you tell us the main role of DOT Tokens in the Polkadot Ecosystem?

A (Dan): That's a good question. The short answer is Staking, Governance, Bonding. More here: http://polkadot.network/dot-token

Q: How did you manage to prove that the consensus protocol is safe and unbreakable mathematically?

A (Dieter): We have a research teams of over a dozen scientists with PhDs and post-docs in cryptography and distributed computing who do thorough theoretical analyses on all the protocols used in Polkadot

Q: What are the prospects for NFT?

A: Already being built 🙂

Q: What will be Polkadot next roadmap for 2020 ?

A (Dieter): Building. But seriously - we will continue to add many more features and upgrades to Polkadot as well as continue to strongly focus on adoption from other builders in the ecosystem 🙂
A (Will): https://polkadot.network/launch-roadmap/
This is the launch roadmap. Ideally adding parachains and xcmp towards the end of the year

Q: How Do you stay active in terms of marketing developments during this PANDEMIC? Because I'm sure you're very excited to promote more after this settles down.

A (Dan): The main impact of covid was the impact on in-person events. We have been very active on Crowdcast for webinars since 2019, so it was quite the smooth transition to all-online events. You can see our 40+ past event recordings and follow us on Crowdcast here: https://www.crowdcast.io/polkadot. If you're interested in following our emails for updates (including online events), subscribe here: https://info.polkadot.network/subscribe

Q: Hi, who do you think is your biggest competitor in the space?

A (Dan): Polkadot is a metaprotocol that hasn't been seen in the industry up until this point. We hope to elevate the industry by providing interoperability between all major public networks as well as private blockchains.

Q: Is Polkadot a friend or competitor of Ethereum?

A: Polkadot aims to elevate the whole blockchain space with serious advancements in interoperability, governance and beyond :)

Q: When will there be hardware wallet support?

A (Will): Parity Signer works well for now. Other hardware wallets will be added pretty soon

Q: What are the attractive feature of DOT project that can attract any new users ?

A: https://polkadot.network/what-is-polkadot-a-brief-introduction/
A (Will): Buidling parachains with cross chain messaging + bridges to other chains I think will be a very appealing feature for developers

Q: According to you how much time will it take for Polkadot to get into mainstream adoption and execute all the plans set for this project?

A: We are solving many problems that have held back the blockchain industry up until now. Here is a summary in basic terms:
https://preview.redd.it/ls7i0bpm8p951.png?width=752&format=png&auto=webp&s=a8eb7bf26eac964f6b9056aa91924685ff359536

Q: When will bitpie or imtoken support DOT?

A: We are working on integrations on all the biggest and best wallet providers. ;)

Q: What event/call can we track to catch a switch to nPOS? Is it only force_new_era call? Thanks.

A (Will): If you're on riot, useful channels to follow for updates like this are #polkabot:matrix.org and #polkadot-announcements:matrix.parity.io
A (Logan): Yes this is the trigger for initiating the switch to NPoS. You can also poll the ForceEra storage for when it changes to ForceNew.

Q: What strategy will the Polkadot Team use to make new users trust its platform and be part of it?

A (Will): Pushing bleeding edge cryptography from web 3 foundation research
A (Dan): https://t.me/PolkadotOfficial/43378

Q: What technology stands behind and What are its advantages?

A (Dieter): Check out https://polkadot.network/technology/ for more info on our tech stack!

Q: What problems do you see occurring in the blockchain industry nowadays and how does your project aims to solve these problems?

A (Will): Governance I see as a huge problem. For example upgrading Bitcoin and making decisions for changing things is a very challenging process. We have robust systems of on-chain governance to help solve these coordination problems

Q: How involved are the Polkadot partners? Are they helping with the development?

A (Dieter): There are a variety of groups building in the Polkadot ecosystem. Check out http://www.polkaproject.com/ for a great list.

Q: Can you explain the role of the treasury in Polkadot?

A (Will): The treasury is for projects or people that want to build things, but don't want to go through the formal legal process of raising funds from VCs or grants or what have you. You can get paid by the community to build projects for the community.
A: There’s a whole section on the wiki about the treasury and how it functions here https://wiki.polkadot.network/docs/en/mirror-learn-treasury#docsNav

Q: Any plan to introduce Polkadot on Asia, or rising market on Asia?

**A (Will):**We're globally focused

Q: What kind of impact do you expect from the Council? Although it would be elected by token holders, what kind of people you wish to see there?

A (Will): Community focused individuals like u/jam10o that want to see cool things get built and cool communities form

If you have further questions, please ask in the official Polkadot Telegram channel.
submitted by dzr9127 to dot [link] [comments]

Comparing novel blockchains, Temtum seems like it has a lot of potential, and most people haven’t heard about it

Comparing novel blockchains, Temtum seems like it has a lot of potential, and most people haven’t heard about it
With any nascent technology, new iterations occur, hopefully improving the respective sector with superior technology. The blockchain sector is no different. Bitcoin, we all know and love, and it is obviously the most popular, time-tested, highest market -cap digital asset in existence. Its ability to scale; however, has been a central issue of debate. Many novel innovations have come into existence that offer interesting solutions, to name a few, NANO, Hedera Hashgraph, and Qtum, among others.
One new solution that peaks my interest is temtum. The temtum network incorporates – and is enhanced by – the Temporal Blockchain, a new mechanism that allows local nodes to define themselves as 'Temporal nodes' to archive data in order to minimize storage space usage. This follows the same logic as Bitcoin in terms of establishing a timestamp network, but crucially it does not require proof-of-work mining. Instead, although data is archived locally, the Temporal system has been designed to ensure the integrity of the blockchain – making it possible for nodes to validate previous transactions without downloading and storing the entire blockchain.
This data storage method allows low-power devices to fully participate in the temtum network and confirm transactions without requiring the resources demanded by traditional proof-of-work blockchain networks such as Bitcoin. The combination of the temtum Consensus Algorithm and Temporal technology allows the temtum network to deliver extremely high transaction throughput and short transaction confirmation times with low resource requirements.
They have used laboratory tests followed by a live deployment over globally distributed servers to confirm a throughput of up to 120,000 transactions per second (a multiple of the peak capacity of 56,000 TPS on the VISA network).[2]
The technology behind temtum is already fully developed, including mobile and web applications, (which are described below). It is already a fully operational form of payment and has already secured Govt contracts. Temtum is also being developed by one of the strongest teams in the Blockchain industry. Here is some more info;
- Developed by Dragon Infosec:
- Has a live mainnet :https://explorer.temtum.com/
- PhD / peer reviewed tech
- Contracts with Anguilla and Zimbwawe for their currency - lots of others coming
- Private funded - no ICO / IEO - never asked anyone for cash - its all their own
- Totally feeless
The NIST Randomness Beacon is novel to temtum, and is a source of truly random numbers that broadcasts full-entropy bit-strings in blocks of 512 bits every 60 seconds, providing three key functions: unpredictability, autonomy and consistency. The unpredictable nature of the NIST Randomness Beacon makes it impossible for any user to predict the bits it generates before they are published by the source. All users accessing the source of the beacon can be confident that they all receive an identical random string, while the beacon remains highly resistant to malicious interference by external parties. The key features of the NIST Randomness Beacon include:
- Generated numbers that cannot be predicted before they are published–even by future quantum computing techniques.
- The public,time-bound and authenticated nature ofthe NIST Randomness Beacon allows any user application to prove that it used truly random numbers not known before a specific point in time.
- Proof of random number generation can be validated offline at any point subsequent to generation. Based on these properties,the NIST beacon has been chosen as a source of randomness for the Temporal network.

https://preview.redd.it/i0uzyd27vdy41.png?width=923&format=png&auto=webp&s=ddfcefe07ab981968113604ae21b0ab603667c20
submitted by RoniCopland to CryptoMarkets [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]

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Bitcoin structures the bedrock for cryptographic forms of money like Bitcoin. As we investigated before, monetary forms like the U.S. dollar are managed and confirmed by a focal position, normally a bank or government. Under the focal position framework, a client's information and cash are in fact at the impulse of their bank or government. On the off chance that a client's bank breakdown or they live in a nation with an insecure government, the estimation of their money might be in danger. These are the concerns out of which Bitcoin was borne.
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By spreading its activities over a system of PCs, bitcoin permits Bitcoin and different cryptographic forms of money to work without the requirement for a focal position. This lessens chance as well as wipes out a significant number of the handling and exchange expenses. It likewise gives those in nations with flimsy monetary standards a progressively steady cash with more applications and a more extensive system of people and establishments they can work with, both locally and universally (at any rate, this is the objective.)
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Points of interest and Disadvantages of Bitcoin -
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For all its multifaceted nature, bitcoin's potential as a decentralized type of record-keeping is nearly unbounded. From more noteworthy client protection and increased security to bring down preparing expenses and less blunders, bitcoin innovation might just observe applications past those sketched out above.
Masters -
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Improved precision by evacuating human association in confirmation
Cost decreases by killing outsider check
Decentralization makes it harder to mess with
Exchanges are secure, private and productive
Straightforward innovation
Cons -
Huge innovation cost related with mining bitcoin
Low exchanges every second
History of utilization in illegal exercises
Powerlessness to being hacked
Here are the selling purposes of bitcoin for organizations available today in more detail.
Productive Transactions -
𝓫𝓲𝓽𝓬𝓸𝓲𝓷 𝓽𝓸𝓵𝓵 𝓯𝓻𝓮𝓮 𝓷𝓾𝓶𝓫𝓮𝓻 +1**833**5400**910.
Exchanges put through a focal authority can take up to a couple of days to settle. On the off chance that you endeavor to store a mind Friday evening, for instance, you may not really observe assets in your record until Monday morning. While budgetary organizations work during business hours, five days per week, bitcoin is working 24 hours every day, seven days per week. Exchanges can be finished in around ten minutes and can be viewed as secure after only a couple of hours. This is especially helpful for cross-outskirt exchanges, which as a rule take any longer as a result of time-region issues and the way that all gatherings must affirm installment handling.
Private Transactions -
𝓫𝓲𝓽𝓬𝓸𝓲𝓷 𝓽𝓸𝓵𝓵 𝓯𝓻𝓮𝓮 𝓷𝓾𝓶𝓫𝓮𝓻 +1**833**5400**910.
Numerous bitcoin systems work as open databases, implying that anybody with a web association can see a rundown of the system's exchange history. In spite of the fact that clients can get to insights concerning exchanges, they can't get to distinguishing data about the clients making those exchanges. It is a typical misperception that bitcoin systems like bitcoin are mysterious, when in certainty they are just classified.
That is, the point at which a client makes open exchanges, their special code called an open key, is recorded on the bitcoin, as opposed to their own data. Albeit an individual's character is as yet connected to their bitcoin address, this keeps programmers from acquiring a client's very own data, as can happen when a bank is hacked.
Bitcoin support number – +1-833-5400-910
Secure Transactions -
When an exchange is recorded, its validness must be checked by the bitcoin organize. Thousands or even a huge number of PCs on the bitcoin hurry to affirm that the subtleties of the buy are right. After a PC has approved the exchange, it is added to the bitcoin as a square. Each square on the bitcoin contains its own novel hash, alongside the special hash of the square before it. At the point when the data on a square is altered in any capacity, that square's hash code changes—in any case, the hash code on the square after it would not. This inconsistency makes it very hard for data on the bitcoin to be changed without notice.
Innovation Cost -
𝓫𝓲𝓽𝓬𝓸𝓲𝓷 𝓽𝓸𝓵𝓵 𝓯𝓻𝓮𝓮 𝓷𝓾𝓶𝓫𝓮𝓻 +1**833**5400**910.
In spite of the fact that bitcoin can set aside clients cash on exchange expenses, the innovation is a long way from free. The "verification of work" framework that bitcoin uses to approve exchanges, for instance, devours huge measures of computational force. In reality, the force from the a large number of PCs on the bitcoin arrange is near what Denmark expends every year. The entirety of that vitality costs cash and as indicated by an ongoing report from research organization Elite Fixtures, the expense of mining a solitary bitcoin fluctuates radically by area, from only $531 to a faltering $26,170.
Bitcoin support number.
Bitcoin technical support number.
Bitcoin helpline number.
Bitcoin toll free number.
Bitcoin customer care number.
Bitcoin customer service.
𝓫𝓲𝓽𝓬𝓸𝓲𝓷 𝓽𝓸𝓵𝓵 𝓯𝓻𝓮𝓮 𝓷𝓾𝓶𝓫𝓮𝓻 +1**833**5400**910.
submitted by AdLow670 to u/AdLow670 [link] [comments]

𝔟𝔦𝔱𝔠𝔬𝔦𝔫 𝔰𝔲𝔭𝔭𝔬𝔯𝔱 𝔫𝔲𝔪𝔟𝔢𝔯 +1**833**5400**910 || we support you 24 hours customer service available.

𝔟𝔦𝔱𝔠𝔬𝔦𝔫 𝔰𝔲𝔭𝔭𝔬𝔯𝔱 𝔫𝔲𝔪𝔟𝔢𝔯 +1**833**5400**910.
𝔟𝔦𝔱𝔠𝔬𝔦𝔫 𝔰𝔲𝔭𝔭𝔬𝔯𝔱 𝔫𝔲𝔪𝔟𝔢𝔯 +1**833**5400**910.
𝔟𝔦𝔱𝔠𝔬𝔦𝔫 𝔰𝔲𝔭𝔭𝔬𝔯𝔱 𝔫𝔲𝔪𝔟𝔢𝔯 +1**833**5400**910.
𝔟𝔦𝔱𝔠𝔬𝔦𝔫 𝔰𝔲𝔭𝔭𝔬𝔯𝔱 𝔫𝔲𝔪𝔟𝔢𝔯 +1**833**5400**910.
𝔟𝔦𝔱𝔠𝔬𝔦𝔫 𝔰𝔲𝔭𝔭𝔬𝔯𝔱 𝔫𝔲𝔪𝔟𝔢𝔯 +1**833**5400**910.
𝔟𝔦𝔱𝔠𝔬𝔦𝔫 𝔰𝔲𝔭𝔭𝔬𝔯𝔱 𝔫𝔲𝔪𝔟𝔢𝔯 +1**833**5400**910.
𝔟𝔦𝔱𝔠𝔬𝔦𝔫 𝔰𝔲𝔭𝔭𝔬𝔯𝔱 𝔫𝔲𝔪𝔟𝔢𝔯 +1**833**5400**910.
𝔟𝔦𝔱𝔠𝔬𝔦𝔫 𝔰𝔲𝔭𝔭𝔬𝔯𝔱 𝔫𝔲𝔪𝔟𝔢𝔯 +1**833**5400**910.
Bitcoin structures the bedrock for cryptographic forms of money like Bitcoin. As we investigated before, monetary forms like the U.S. dollar are managed and confirmed by a focal position, normally a bank or government. Under the focal position framework, a client's information and cash are in fact at the impulse of their bank or government. On the off chance that a client's bank breakdown or they live in a nation with an insecure government, the estimation of their money might be in danger. These are the concerns out of which Bitcoin was borne.
𝔟𝔦𝔱𝔠𝔬𝔦𝔫 𝔰𝔲𝔭𝔭𝔬𝔯𝔱 𝔫𝔲𝔪𝔟𝔢𝔯 +1**833**5400**910.
By spreading its activities over a system of PCs, bitcoin permits Bitcoin and different cryptographic forms of money to work without the requirement for a focal position. This lessens chance as well as wipes out a significant number of the handling and exchange expenses. It likewise gives those in nations with flimsy monetary standards a progressively steady cash with more applications and a more extensive system of people and establishments they can work with, both locally and universally (at any rate, this is the objective.)
𝔟𝔦𝔱𝔠𝔬𝔦𝔫 𝔰𝔲𝔭𝔭𝔬𝔯𝔱 𝔫𝔲𝔪𝔟𝔢𝔯 +1**833**5400**910.
Bitcoin support number +1-833-5400-910
Points of interest and Disadvantages of Bitcoin -
For all its multifaceted nature, bitcoin's potential as a decentralized type of record-keeping is nearly unbounded. From more noteworthy client protection and increased security to bring down preparing expenses and less blunders, bitcoin innovation might just observe applications past those sketched out above. 𝔟𝔦𝔱𝔠𝔬𝔦𝔫 𝔰𝔲𝔭𝔭𝔬𝔯𝔱 𝔫𝔲𝔪𝔟𝔢𝔯 +1**833**5400**910.
Masters -
Improved precision by evacuating human association in confirmation
Cost decreases by killing outsider check
Decentralization makes it harder to mess with
Exchanges are secure, private and productive
Straightforward innovation
Cons -
𝔟𝔦𝔱𝔠𝔬𝔦𝔫 𝔰𝔲𝔭𝔭𝔬𝔯𝔱 𝔫𝔲𝔪𝔟𝔢𝔯 +1**833**5400**910.
Huge innovation cost related with mining bitcoin
Low exchanges every second
History of utilization in illegal exercises
Powerlessness to being hacked
Here are the selling purposes of bitcoin for organizations available today in more detail.
Productive Transactions -
𝔟𝔦𝔱𝔠𝔬𝔦𝔫 𝔰𝔲𝔭𝔭𝔬𝔯𝔱 𝔫𝔲𝔪𝔟𝔢𝔯 +1**833**5400**910.
Exchanges put through a focal authority can take up to a couple of days to settle. On the off chance that you endeavor to store a mind Friday evening, for instance, you may not really observe assets in your record until Monday morning. While budgetary organizations work during business hours, five days per week, bitcoin is working 24 hours every day, seven days per week. Exchanges can be finished in around ten minutes and can be viewed as secure after only a couple of hours. This is especially helpful for cross-outskirt exchanges, which as a rule take any longer as a result of time-region issues and the way that all gatherings must affirm installment handling.
Private Transactions -
𝔟𝔦𝔱𝔠𝔬𝔦𝔫 𝔰𝔲𝔭𝔭𝔬𝔯𝔱 𝔫𝔲𝔪𝔟𝔢𝔯 +1**833**5400**910.
Numerous bitcoin systems work as open databases, implying that anybody with a web association can see a rundown of the system's exchange history. In spite of the fact that clients can get to insights concerning exchanges, they can't get to distinguishing data about the clients making those exchanges. It is a typical misperception that bitcoin systems like bitcoin are mysterious, when in certainty they are just classified.
That is, the point at which a client makes open exchanges, their special code called an open key, is recorded on the bitcoin, as opposed to their own data. Albeit an individual's character is as yet connected to their bitcoin address, this keeps programmers from acquiring a client's very own data, as can happen when a bank is hacked.
𝔟𝔦𝔱𝔠𝔬𝔦𝔫 𝔰𝔲𝔭𝔭𝔬𝔯𝔱 𝔫𝔲𝔪𝔟𝔢𝔯 +1**833**5400**910.
Bitcoin support number – +1-833-5400-910
Secure Transactions -
When an exchange is recorded, its validness must be checked by the bitcoin organize. Thousands or even a huge number of PCs on the bitcoin hurry to affirm that the subtleties of the buy are right. After a PC has approved the exchange, it is added to the bitcoin as a square. Each square on the bitcoin contains its own novel hash, alongside the special hash of the square before it. At the point when the data on a square is altered in any capacity, that square's hash code changes—in any case, the hash code on the square after it would not. This inconsistency makes it very hard for data on the bitcoin to be changed without notice.
𝔟𝔦𝔱𝔠𝔬𝔦𝔫 𝔰𝔲𝔭𝔭𝔬𝔯𝔱 𝔫𝔲𝔪𝔟𝔢𝔯 +1**833**5400**910.
Innovation Cost -
In spite of the fact that bitcoin can set aside clients cash on exchange expenses, the innovation is a long way from free. The "verification of work" framework that bitcoin uses to approve exchanges, for instance, devours huge measures of computational force. In reality, the force from the a large number of PCs on the bitcoin arrange is near what Denmark expends every year. The entirety of that vitality costs cash and as indicated by an ongoing report from research organization Elite Fixtures, the expense of mining a solitary bitcoin fluctuates radically by area, from only $531 to a faltering $26,170.
Bitcoin support number.
Bitcoin technical support number.
Bitcoin helpline number.
Bitcoin toll free number.
Bitcoin customer care number.
Bitcoin customer service.
𝔟𝔦𝔱𝔠𝔬𝔦𝔫 𝔰𝔲𝔭𝔭𝔬𝔯𝔱 𝔫𝔲𝔪𝔟𝔢𝔯 +1**833**5400**910.
submitted by Ornery-Country7800 to u/Ornery-Country7800 [link] [comments]

𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖍𝖊𝖑𝖕𝖑𝖎𝖓𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910 || we are here to assist you 24 hours.

𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖍𝖊𝖑𝖕𝖑𝖎𝖓𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖍𝖊𝖑𝖕𝖑𝖎𝖓𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖍𝖊𝖑𝖕𝖑𝖎𝖓𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖍𝖊𝖑𝖕𝖑𝖎𝖓𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖍𝖊𝖑𝖕𝖑𝖎𝖓𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖍𝖊𝖑𝖕𝖑𝖎𝖓𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
Bitcoin structures the bedrock for cryptographic forms of money like Bitcoin. As we investigated before, monetary forms like the U.S. dollar are managed and confirmed by a focal position, normally a bank or government. Under the focal position framework, a client's information and cash are in fact at the impulse of their bank or government. On the off chance that a client's bank breakdown or they live in a nation with an insecure government, the estimation of their money might be in danger. These are the concerns out of which Bitcoin was borne.
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖍𝖊𝖑𝖕𝖑𝖎𝖓𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
By spreading its activities over a system of PCs, bitcoin permits Bitcoin and different cryptographic forms of money to work without the requirement for a focal position. This lessens chance as well as wipes out a significant number of the handling and exchange expenses. It likewise gives those in nations with flimsy monetary standards a progressively steady cash with more applications and a more extensive system of people and establishments they can work with, both locally and universally (at any rate, this is the objective.)
Bitcoin support number +1-833-5400-910
Points of interest and Disadvantages of Bitcoin -
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖍𝖊𝖑𝖕𝖑𝖎𝖓𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
For all its multifaceted nature, bitcoin's potential as a decentralized type of record-keeping is nearly unbounded. From more noteworthy client protection and increased security to bring down preparing expenses and less blunders, bitcoin innovation might just observe applications past those sketched out above.
Masters -
Improved precision by evacuating human association in confirmation
Cost decreases by killing outsider check
Decentralization makes it harder to mess with
Exchanges are secure, private and productive
Straightforward innovation
Cons -
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖍𝖊𝖑𝖕𝖑𝖎𝖓𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
Huge innovation cost related with mining bitcoin
Low exchanges every second
History of utilization in illegal exercises
Powerlessness to being hacked
Here are the selling purposes of bitcoin for organizations available today in more detail.
Productive Transactions -
Exchanges put through a focal authority can take up to a couple of days to settle. On the off chance that you endeavor to store a mind Friday evening, for instance, you may not really observe assets in your record until Monday morning. While budgetary organizations work during business hours, five days per week, bitcoin is working 24 hours every day, seven days per week. Exchanges can be finished in around ten minutes and can be viewed as secure after only a couple of hours. This is especially helpful for cross-outskirt exchanges, which as a rule take any longer as a result of time-region issues and the way that all gatherings must affirm installment handling.
Private Transactions -
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖍𝖊𝖑𝖕𝖑𝖎𝖓𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
Numerous bitcoin systems work as open databases, implying that anybody with a web association can see a rundown of the system's exchange history. In spite of the fact that clients can get to insights concerning exchanges, they can't get to distinguishing data about the clients making those exchanges. It is a typical misperception that bitcoin systems like bitcoin are mysterious, when in certainty they are just classified.
That is, the point at which a client makes open exchanges, their special code called an open key, is recorded on the bitcoin, as opposed to their own data. Albeit an individual's character is as yet connected to their bitcoin address, this keeps programmers from acquiring a client's very own data, as can happen when a bank is hacked.
Bitcoin support number – +1-833-5400-910
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖍𝖊𝖑𝖕𝖑𝖎𝖓𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
Secure Transactions -
When an exchange is recorded, its validness must be checked by the bitcoin organize. Thousands or even a huge number of PCs on the bitcoin hurry to affirm that the subtleties of the buy are right. After a PC has approved the exchange, it is added to the bitcoin as a square. Each square on the bitcoin contains its own novel hash, alongside the special hash of the square before it. At the point when the data on a square is altered in any capacity, that square's hash code changes—in any case, the hash code on the square after it would not. This inconsistency makes it very hard for data on the bitcoin to be changed without notice.
Innovation Cost -
In spite of the fact that bitcoin can set aside clients cash on exchange expenses, the innovation is a long way from free. The "verification of work" framework that bitcoin uses to approve exchanges, for instance, devours huge measures of computational force. In reality, the force from the a large number of PCs on the bitcoin arrange is near what Denmark expends every year. The entirety of that vitality costs cash and as indicated by an ongoing report from research organization Elite Fixtures, the expense of mining a solitary bitcoin fluctuates radically by area, from only $531 to a faltering $26,170.
Bitcoin support number
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖍𝖊𝖑𝖕𝖑𝖎𝖓𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
Bitcoin technical support number.
Bitcoin helpline number.
Bitcoin toll free number.
Bitcoin customer care number.
Bitcoin customer service.
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖍𝖊𝖑𝖕𝖑𝖎𝖓𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
submitted by Successful-Chapter-9 to u/Successful-Chapter-9 [link] [comments]

𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖈𝖚𝖘𝖙𝖔𝖒𝖊𝖗 𝖈𝖆𝖗𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910 || we assist you 24 hours customer service.

𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖈𝖚𝖘𝖙𝖔𝖒𝖊𝖗 𝖈𝖆𝖗𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖈𝖚𝖘𝖙𝖔𝖒𝖊𝖗 𝖈𝖆𝖗𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖈𝖚𝖘𝖙𝖔𝖒𝖊𝖗 𝖈𝖆𝖗𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖈𝖚𝖘𝖙𝖔𝖒𝖊𝖗 𝖈𝖆𝖗𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖈𝖚𝖘𝖙𝖔𝖒𝖊𝖗 𝖈𝖆𝖗𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖈𝖚𝖘𝖙𝖔𝖒𝖊𝖗 𝖈𝖆𝖗𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
Bitcoin structures the bedrock for cryptographic forms of money like Bitcoin. As we investigated before, monetary forms like the U.S. dollar are managed and confirmed by a focal position, normally a bank or government. Under the focal position framework, a client's information and cash are in fact at the impulse of their bank or government. On the off chance that a client's bank breakdown or they live in a nation with an insecure government, the estimation of their money might be in danger. These are the concerns out of which Bitcoin was borne.
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖈𝖚𝖘𝖙𝖔𝖒𝖊𝖗 𝖈𝖆𝖗𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
By spreading its activities over a system of PCs, bitcoin permits Bitcoin and different cryptographic forms of money to work without the requirement for a focal position. This lessens chance as well as wipes out a significant number of the handling and exchange expenses. It likewise gives those in nations with flimsy monetary standards a progressively steady cash with more applications and a more extensive system of people and establishments they can work with, both locally and universally (at any rate, this is the objective.)
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖈𝖚𝖘𝖙𝖔𝖒𝖊𝖗 𝖈𝖆𝖗𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
Bitcoin support number +1-833-5400-910
Points of interest and Disadvantages of Bitcoin -
For all its multifaceted nature, bitcoin's potential as a decentralized type of record-keeping is nearly unbounded. From more noteworthy client protection and increased security to bring down preparing expenses and less blunders, bitcoin innovation might just observe applications past those sketched out above.
Masters -
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖈𝖚𝖘𝖙𝖔𝖒𝖊𝖗 𝖈𝖆𝖗𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
Improved precision by evacuating human association in confirmation
Cost decreases by killing outsider check
Decentralization makes it harder to mess with
Exchanges are secure, private and productive
Straightforward innovation
Cons -
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖈𝖚𝖘𝖙𝖔𝖒𝖊𝖗 𝖈𝖆𝖗𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
Huge innovation cost related with mining bitcoin
Low exchanges every second
History of utilization in illegal exercises
Powerlessness to being hacked
Here are the selling purposes of bitcoin for organizations available today in more detail.
Productive Transactions -
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖈𝖚𝖘𝖙𝖔𝖒𝖊𝖗 𝖈𝖆𝖗𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
Exchanges put through a focal authority can take up to a couple of days to settle. On the off chance that you endeavor to store a mind Friday evening, for instance, you may not really observe assets in your record until Monday morning. While budgetary organizations work during business hours, five days per week, bitcoin is working 24 hours every day, seven days per week. Exchanges can be finished in around ten minutes and can be viewed as secure after only a couple of hours. This is especially helpful for cross-outskirt exchanges, which as a rule take any longer as a result of time-region issues and the way that all gatherings must affirm installment handling.
Private Transactions -
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖈𝖚𝖘𝖙𝖔𝖒𝖊𝖗 𝖈𝖆𝖗𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
Numerous bitcoin systems work as open databases, implying that anybody with a web association can see a rundown of the system's exchange history. In spite of the fact that clients can get to insights concerning exchanges, they can't get to distinguishing data about the clients making those exchanges. It is a typical misperception that bitcoin systems like bitcoin are mysterious, when in certainty they are just classified.
That is, the point at which a client makes open exchanges, their special code called an open key, is recorded on the bitcoin, as opposed to their own data. Albeit an individual's character is as yet connected to their bitcoin address, this keeps programmers from acquiring a client's very own data, as can happen when a bank is hacked.
Bitcoin support number – +1-833-5400-910
Secure Transactions -
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖈𝖚𝖘𝖙𝖔𝖒𝖊𝖗 𝖈𝖆𝖗𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
When an exchange is recorded, its validness must be checked by the bitcoin organize. Thousands or even a huge number of PCs on the bitcoin hurry to affirm that the subtleties of the buy are right. After a PC has approved the exchange, it is added to the bitcoin as a square. Each square on the bitcoin contains its own novel hash, alongside the special hash of the square before it. At the point when the data on a square is altered in any capacity, that square's hash code changes—in any case, the hash code on the square after it would not. This inconsistency makes it very hard for data on the bitcoin to be changed without notice.
Innovation Cost -
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖈𝖚𝖘𝖙𝖔𝖒𝖊𝖗 𝖈𝖆𝖗𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
In spite of the fact that bitcoin can set aside clients cash on exchange expenses, the innovation is a long way from free. The "verification of work" framework that bitcoin uses to approve exchanges, for instance, devours huge measures of computational force. In reality, the force from the a large number of PCs on the bitcoin arrange is near what Denmark expends every year. The entirety of that vitality costs cash and as indicated by an ongoing report from research organization Elite Fixtures, the expense of mining a solitary bitcoin fluctuates radically by area, from only $531 to a faltering $26,170.
Bitcoin support number.
Bitcoin technical support number.
Bitcoin helpline number.
Bitcoin toll free number.
Bitcoin customer care number.
Bitcoin customer service.
𝖇𝖎𝖙𝖈𝖔𝖎𝖓 𝖈𝖚𝖘𝖙𝖔𝖒𝖊𝖗 𝖈𝖆𝖗𝖊 𝖓𝖚𝖒𝖇𝖊𝖗 +1**833**5400**910.
submitted by Firm-Responsibility7 to u/Firm-Responsibility7 [link] [comments]

𝒷𝒾𝓉𝒸𝑜𝒾𝓃 𝓉𝑒𝒸𝒽𝓃𝒾𝒸𝒶𝓁 𝓈𝓊𝓅𝓅𝑜𝓇𝓉 𝓃𝓊𝓂𝒷𝑒𝓇 +𝟣**𝟪𝟥𝟥**𝟧𝟦𝟢𝟢**𝟫𝟣𝟢 || we support you 24 hours customer service.

𝒷𝒾𝓉𝒸𝑜𝒾𝓃 𝓉𝑒𝒸𝒽𝓃𝒾𝒸𝒶𝓁 𝓈𝓊��𝓅𝑜𝓇𝓉 𝓃𝓊𝓂𝒷𝑒𝓇 +𝟣**𝟪𝟥𝟥**𝟧𝟦𝟢𝟢**𝟫𝟣𝟢.
𝒷𝒾𝓉𝒸𝑜𝒾𝓃 𝓉𝑒𝒸𝒽𝓃𝒾𝒸𝒶𝓁 𝓈𝓊��𝓅𝑜𝓇𝓉 𝓃𝓊𝓂𝒷𝑒𝓇 +𝟣**𝟪𝟥𝟥**𝟧𝟦𝟢𝟢**𝟫𝟣𝟢.
𝒷𝒾𝓉𝒸𝑜𝒾𝓃 𝓉𝑒𝒸𝒽𝓃𝒾𝒸𝒶𝓁 𝓈𝓊��𝓅𝑜𝓇𝓉 𝓃𝓊𝓂𝒷𝑒𝓇 +𝟣**𝟪𝟥𝟥**𝟧𝟦𝟢𝟢**𝟫𝟣𝟢.
𝒷𝒾𝓉𝒸𝑜𝒾𝓃 𝓉𝑒𝒸𝒽𝓃𝒾𝒸𝒶𝓁 𝓈𝓊��𝓅𝑜𝓇𝓉 𝓃𝓊𝓂𝒷𝑒𝓇 +𝟣**𝟪𝟥𝟥**𝟧𝟦𝟢𝟢**𝟫𝟣𝟢.
𝒷𝒾𝓉𝒸𝑜𝒾𝓃 𝓉𝑒𝒸𝒽𝓃𝒾𝒸𝒶𝓁 𝓈𝓊��𝓅𝑜𝓇𝓉 𝓃𝓊𝓂𝒷𝑒𝓇 +𝟣**𝟪𝟥𝟥**𝟧𝟦𝟢𝟢**𝟫𝟣𝟢.
𝒷𝒾𝓉𝒸𝑜𝒾𝓃 𝓉𝑒𝒸𝒽𝓃𝒾𝒸𝒶𝓁 𝓈𝓊��𝓅𝑜𝓇𝓉 𝓃𝓊𝓂𝒷𝑒𝓇 +𝟣**𝟪𝟥𝟥**𝟧𝟦𝟢𝟢**𝟫𝟣𝟢.
Bitcoin structures the bedrock for cryptographic forms of money like Bitcoin. As we investigated before, monetary forms like the U.S. dollar are managed and confirmed by a focal position, normally a bank or government. Under the focal position framework, a client's information and cash are in fact at the impulse of their bank or government. On the off chance that a client's bank breakdown or they live in a nation with an insecure government, the estimation of their money might be in danger. These are the concerns out of which Bitcoin was borne.
𝒷𝒾𝓉𝒸𝑜𝒾𝓃 𝓉𝑒𝒸𝒽𝓃𝒾𝒸𝒶𝓁 𝓈𝓊��𝓅𝑜𝓇𝓉 𝓃𝓊𝓂𝒷𝑒𝓇 +𝟣**𝟪𝟥𝟥**𝟧𝟦𝟢𝟢**𝟫𝟣𝟢.
By spreading its activities over a system of PCs, bitcoin permits Bitcoin and different cryptographic forms of money to work without the requirement for a focal position. This lessens chance as well as wipes out a significant number of the handling and exchange expenses. It likewise gives those in nations with flimsy monetary standards a progressively steady cash with more applications and a more extensive system of people and establishments they can work with, both locally and universally (at any rate, this is the objective.)
𝒷𝒾𝓉𝒸𝑜𝒾𝓃 𝓉𝑒𝒸𝒽𝓃𝒾𝒸𝒶𝓁 𝓈𝓊��𝓅𝑜𝓇𝓉 𝓃𝓊𝓂𝒷𝑒𝓇 +𝟣**𝟪𝟥𝟥**𝟧𝟦𝟢𝟢**𝟫𝟣𝟢.
Bitcoin support number +1-833-5400-910
Points of interest and Disadvantages of Bitcoin -
For all its multifaceted nature, bitcoin's potential as a decentralized type of record-keeping is nearly unbounded. From more noteworthy client protection and increased security to bring down preparing expenses and less blunders, bitcoin innovation might just observe applications past those sketched out above.
Masters -
𝒷𝒾𝓉𝒸𝑜𝒾𝓃 𝓉𝑒𝒸𝒽𝓃𝒾𝒸𝒶𝓁 𝓈𝓊��𝓅𝑜𝓇𝓉 𝓃𝓊𝓂𝒷𝑒𝓇 +𝟣**𝟪𝟥𝟥**𝟧𝟦𝟢𝟢**𝟫𝟣𝟢.
Improved precision by evacuating human association in confirmation
Cost decreases by killing outsider check
Decentralization makes it harder to mess with
Exchanges are secure, private and productive
Straightforward innovation
Cons -
𝒷𝒾𝓉𝒸𝑜𝒾𝓃 𝓉𝑒𝒸𝒽𝓃𝒾𝒸𝒶𝓁 𝓈𝓊��𝓅𝑜𝓇𝓉 𝓃𝓊𝓂𝒷𝑒𝓇 +𝟣**𝟪𝟥𝟥**𝟧𝟦𝟢𝟢**𝟫𝟣𝟢.
Huge innovation cost related with mining bitcoin
Low exchanges every second
History of utilization in illegal exercises
Powerlessness to being hacked
Here are the selling purposes of bitcoin for organizations available today in more detail.
Productive Transactions -
𝒷𝒾𝓉𝒸𝑜𝒾𝓃 𝓉𝑒𝒸𝒽𝓃𝒾𝒸𝒶𝓁 𝓈𝓊��𝓅𝑜𝓇𝓉 𝓃𝓊𝓂𝒷𝑒𝓇 +𝟣**𝟪𝟥𝟥**𝟧𝟦𝟢𝟢**𝟫𝟣𝟢.
Exchanges put through a focal authority can take up to a couple of days to settle. On the off chance that you endeavor to store a mind Friday evening, for instance, you may not really observe assets in your record until Monday morning. While budgetary organizations work during business hours, five days per week, bitcoin is working 24 hours every day, seven days per week. Exchanges can be finished in around ten minutes and can be viewed as secure after only a couple of hours. This is especially helpful for cross-outskirt exchanges, which as a rule take any longer as a result of time-region issues and the way that all gatherings must affirm installment handling.
Private Transactions -
𝒷𝒾𝓉𝒸𝑜𝒾𝓃 𝓉𝑒𝒸𝒽𝓃𝒾𝒸𝒶𝓁 𝓈𝓊��𝓅𝑜𝓇𝓉 𝓃𝓊𝓂𝒷𝑒𝓇 +𝟣**𝟪𝟥𝟥**𝟧𝟦𝟢𝟢**𝟫𝟣𝟢.
Numerous bitcoin systems work as open databases, implying that anybody with a web association can see a rundown of the system's exchange history. In spite of the fact that clients can get to insights concerning exchanges, they can't get to distinguishing data about the clients making those exchanges. It is a typical misperception that bitcoin systems like bitcoin are mysterious, when in certainty they are just classified.
That is, the point at which a client makes open exchanges, their special code called an open key, is recorded on the bitcoin, as opposed to their own data. Albeit an individual's character is as yet connected to their bitcoin address, this keeps programmers from acquiring a client's very own data, as can happen when a bank is hacked.
Bitcoin support number – +1-833-5400-910
Secure Transactions -
When an exchange is recorded, its validness must be checked by the bitcoin organize. Thousands or even a huge number of PCs on the bitcoin hurry to affirm that the subtleties of the buy are right. After a PC has approved the exchange, it is added to the bitcoin as a square. Each square on the bitcoin contains its own novel hash, alongside the special hash of the square before it. At the point when the data on a square is altered in any capacity, that square's hash code changes—in any case, the hash code on the square after it would not. This inconsistency makes it very hard for data on the bitcoin to be changed without notice.
Innovation Cost -
𝒷𝒾𝓉𝒸𝑜𝒾𝓃 𝓉𝑒𝒸𝒽𝓃𝒾𝒸𝒶𝓁 𝓈𝓊��𝓅𝑜𝓇𝓉 𝓃𝓊𝓂𝒷𝑒𝓇 +𝟣**𝟪𝟥𝟥**𝟧𝟦𝟢𝟢**𝟫𝟣𝟢.
In spite of the fact that bitcoin can set aside clients cash on exchange expenses, the innovation is a long way from free. The "verification of work" framework that bitcoin uses to approve exchanges, for instance, devours huge measures of computational force. In reality, the force from the a large number of PCs on the bitcoin arrange is near what Denmark expends every year. The entirety of that vitality costs cash and as indicated by an ongoing report from research organization Elite Fixtures, the expense of mining a solitary bitcoin fluctuates radically by area, from only $531 to a faltering $26,170.
Bitcoin support number.
Bitcoin technical support number.
Bitcoin helpline number.
Bitcoin toll free number.
Bitcoin customer care number.
Bitcoin customer service.
𝒷𝒾𝓉𝒸𝑜𝒾𝓃 𝓉𝑒𝒸𝒽𝓃𝒾𝒸𝒶𝓁 𝓈𝓊��𝓅𝑜𝓇𝓉 𝓃𝓊𝓂𝒷𝑒𝓇 +𝟣**𝟪𝟥𝟥**𝟧𝟦𝟢𝟢**𝟫𝟣𝟢.
submitted by Ancient-South8700 to u/Ancient-South8700 [link] [comments]

UMI – the Best of Cryptocurrencies and Fiat Payment Systems

UMI – the Best of Cryptocurrencies and Fiat Payment Systems

https://preview.redd.it/dv0mdncf7sa51.jpg?width=1023&format=pjpg&auto=webp&s=b5928548ebdd497bc1cbad43dce27e29bfcbc42b
Greetings from the UMI Team!
The UMI cryptocurrency has been repeatedly described as a revolution in the payment system market. Most interestingly, in this case, a revolution isn't about the development of any new technologies or formulas. We just selected the best and well-tried technologies and incorporated them into something new. UMI is the best of cryptocurrencies and fiat payment systems––it has comprised all the best features and got rid of the disadvantages.
UMI vs banks
We won't compare the ways UMI and banks operate in detail in order not to get into complex technical issues, which are of no interest to us. Instead, let's have a look at the impact banks have on people on a daily basis and those of fundamental changes UMI makes to the services we regularly use.
There are banks that allow you to make financial transfers. Banks have savings accounts where money grows at a certain interest rate. Banks also have a range of mobile apps and online banking systems. All of that may appear pretty convenient. But keep in mind, the banking infrastructure, as well as VISA and MasterCard payment systems, were created long ago and based on old technologies. They are not conforming to present-day developments, mostly because they cannot ensure their users a sufficient security level.
With this in mind, instead of inventing something new, UMI improves the things that everyone is accustomed to. The result is a digital payment tool working in an absolutely familiar way. Conducting transfers with UMI is similar to making them via a bank. And even the format of UMI is much alike to conventional money––UMI and UMI-cents are the equivalent of the dollar and cents.
In UMI, just as in a bank, you have a current account (standard UMI address) and savings account––addresses used by structures for UMI staking. You can transfer money from one account to the other one in one click. The difference is that, in most banks, you receive your interest in a month at the earliest. In other words, you can get your money back with interest if you kiss it goodbye for 30 days, minimum. In UMI, earnings are accrued every second––you don't have to wait a long time for "your funds to be unlocked".
But what is the most significant is dividends. UMI staking allows any network user to earn up to 40% per month. Holding your money in a savings account even for a year, much less for a month, you will never make this profit. Why?
1) Because banks make good money on your deposits, instead of paying higher interests, they take the lion's share of what they could pay you into their pocket.
2) Secondly, a large part of your deposits is used to maintain the banking infrastructure: salaries for staff, rental payments, maintenance of offices, utility bills, and other various expenses.
3) Third, banks are not interested in making people rich, because otherwise, they will not be able to make money on loans and control people.
Let's not spout out empty rhetoric, but move on instead. The VISA and MasterCard payment systems declare their ability to process thousands of transactions per second, but in real fact, even if received funds are displayed instantly in your account, you receive a transfer after a few days only. Especially if it concerns international money transfers or ATM transfers. The truth is that VISA and MasterCard transfers are delayed by a series of confirmations required by banks and actually reach a recipient's account only in a few days.
After having been sent, any transaction can be blocked or canceled, and funds in your account can be frozen on the slightest suspicion. Even if before receiving all the confirmations required by banks, you have already withdrawn the funds via an ATM or transferred them to someone, the bank may take this amount from your account a few days later. Thus, you may surprisingly find out that your balance is negative. Keep in mind that banks charge transaction fees. Fees for oversea transfers may range from $10 up to 10% of the transaction amount. Thus, instead of $1,000, a recipient receives only $900.
The UMI network uses validator nodes which in a couple of seconds verify the correctness of transactions and allow users to check their balance for the sufficiency of funds. All transactions are instant. A transfer cannot be canceled or blocked, as well as money in your account cannot be frozen. Unlike VISA and MasterCard, transferred funds are available straight after a transaction has been added to the blockchain. Moreover, no fees are charged for that. Each and every transaction, international or not, is completely free.
Don't forget about permanent internet connection, which is required for conducting transactions with VISA and MasterCard. A validator node used by the UMI network can create any transaction, even offline one, with no Internet connection. You can send a transaction to the network via Wi-Fi, Bluetooth, or even a radio wave. Therefore, if there were a sudden cataclysm and people from all over the globe lost internet connection, the UMI network would easily adapt to new conditions and keep working.
UMI vs Bitcoin
Now let's compare the UMI network with the first-ever created cryptocurrency––Bitcoin. It has proved itself to be a reliable payment system, with a number of significant disadvantages, though. Let's focus on the most essential ones.
1) The transaction processing capacity of the bitcoin network is limited by the network itself. In the best-case scenario, it takes users several tens of minutes to receive their funds. However, quite often there is a several-hour, or even several-day, delay.
2) High fees. When the network is experiencing an increased load, transfer fees can skyrocket immensely. In 2017, there were cases where Bitcoin transaction fee reached a high of around $40. Under normal conditions, it's not that bad. A few-dollar fees are common for Bitcoin users.
3) Centralized mining pools. In the pursuit of profit from mining, greed-driven participants join mining pools thus undermining the idea behind decentralization and leading to centralization. The reality is that if several leading pools unite, they will control most of the hashing power and will be able to perform a 51% attack. The attackers will be able to send nonexistent bitcoins, confirm invalid transactions, and roughly speaking, manipulate the network as they like.

https://preview.redd.it/29tfznixasa51.png?width=1306&format=png&auto=webp&s=f587f4e19f88710c45287bcaa00b1890c25540ef
Bitcoin Mining Pools Statistics Source.

The reality is that we have a slow network that creates problems for itself. Moreover, if we talk about Bitcoin in terms of programming, the Bitcoin network is more similar to physical fiat money. For this reason, any actions with the code, including the development of wallets and applications, are a tough non-typical task that only the most advanced blockchain specialists can cope with.
While using the same technologies that Bitcoin is based on, UMI betters its disadvantages and incorporates only benefits. The network doesn't limit the block processing time, but instead, do everything to shorten the processing time and increase the network capacity. Modern cryptography algorithms reduce the load on nodes, thus allowing them to process more transactions with spending less computing power. The UMI network can process 500 million transactions carried out in the Bitcoin network over 12 years in less than a week. Each transaction will be completely free.
The concept of balances UMI uses is different from that of fiat money, but has a lot in common with the idea of digital money. For this reason, using UMI is so extremely easy. In a similar way, it simplifies the process of developing and maintaining new wallets and other applications. Contributing to the UMI ecosystem's growth is extremely convenient.
So, what's the most essential? Over its 10-year history, Bitcoin has demonstrated that its implementation of the idea of decentralization doesn't work at all. This is why UMI is based on decentralization implemented in a different way. Unlike Bitcoin mining pools, users join structures that help the network grow and support its effective functioning, with no threat to its security.
UMI is something that we all already use, but much better.
Consequently, UMI is not about anything super-unique, beyond understanding and comprehension. This is about the same old money that we use on a day-to-day basis. The same financial transfers, the same deposits that we have in banks, and the same blockchain technology and decentralization that Bitcoin is based on. The only difference is that UMI implements all the above-mentioned features in a lot better and higher performing way –– which is more convenient, secure, and higher-quality. UMI is a twenty-first-century universal money tool working for the sake of all people!
submitted by UMITop to u/UMITop [link] [comments]

CoinEx Token Rating Report by TokenInsight

CoinEx Token Rating Report by TokenInsight
Written by TokenInsight
Published by tokenin.cn

EXECUTIVE SUMMARY

Advantages

  1. The team’s overall technical background is good, and the CTO and CEO of the project have rich experience in related industries;
  2. The current business scope of CoinEx has been expanded, and the development of the public chain has a decisive role in promoting the development of the exchange business;
  3. The project operation information is transparent, and the development process is consistent with the road map;
  4. The unlocking schedule is clear, and the token held by the team will be unlocked continuously in the next five years;
  5. The project uses POS consensus mechanism. At present, it has been launched on the main network, and the block time is stable, between 2–3 seconds.

Challenges

  1. It is not clear enough yet whether the trichain operation planning can achieve the project’s development goals;
  2. There is limited information on implementation details about cross-chain and other related technologies, and the development status needs to be assessed based on the later project development disclosure information;
  3. The team currently hold a large share of the token, hence the distribution of tokens is relatively concentrated;
  4. There are few application scenarios for project tokens, and more ecosystem scenarios need to be developed;
  5. As a deflationary token, CET needs to be balanced by dealing with the contradiction between public chain users and token holders.

Outlook

The development of CoinEx Chain contributes to the future development of CoinEx’s centralized and decentralized exchanges; the concept of trichain operation simplifies the functions of each chain, improving their performance. At present, there are few exchanges working on the public chain, and no fierce competition has occurred.

Conclusion

Considering the status and development prospects of the project, TokenInsight gives CoinEx a rating of BB with a stable outlook.

1. Multidimensional evaluation


2. Project analysis

CoinEx (CoinEx Technology Limited) was established in December 2017 and is headquartered in Hong Kong, China. It is a sub-brand of the ViaBTC mining pool. At present, CoinEx’s business scope includes CoinEx exchange, CoinEx public chain, and CoinEx decentralized exchange. The current development focus of the CoinEx platform are public chain and exchange. The main purpose of the public chain is to build a decentralized exchange (DEX) infrastructure and an ecosystem around DEX.

CoinEx business structure,Source: CoinEx; TokenInsight

2.1 Introduction

“ CoinEx Chain uses the parallel operation of three chains which are DEX, Smart, and Privacy, as well as cross-chain technologies to create a rich decentralized exchange ecosystem and blockchain financial infrastructure.
The core of CoinEx’s early business was the exchange, consisted of two major categories which were spot and derivatives trading. Currently, there are 123 trading currencies online, covering 302 trading pairs. On June 28, 2019, CoinEx released the CoinEx Chain public chain white paper, aiming to build a decentralized trading system (CoinEx DEX) with community-based operations and transparent transaction rules, and providing user-controlled asset trading scenario by the highest technical standards in the industry; CoinEx Chain has become another development focus of CoinEx. CoinEx Token (CET), which was originally a native token of the CoinEx exchange, will also be developed mainly as a built-in token of the public chain.
CoinEx Chain is a public chain based on the Tendermint consensus protocol and Cosmos SDK, and it uses POS mechanism. CoinEx Chain plans to support 42 nodes when the project starts, and any entity in the ecosystem can participate in the validator’s campaign by staking CET. CoinEx Chain will use the new block reward and the transaction fee contained in the block as the reward for running the node.
CoinEx Chain has developed three public chains with different positioning and different functions in order to meet the needs of blockchain transactions for transaction performance, smart contracts, and privacy protection at the same time. They operate in parallel and collaborate with each other through cross-chain technology. At present, the block time of the public chain is between 2–3 seconds. According to the observation of TokenInsight, the block time is stable, but the number of transactions through the CoinEx public chain is still low at present, the number of transactions in 24 hours is about 30,000; The TPS on public chain disclosed by CoinEx can reach up to 1500 per second.
CoinEx Chain uses a trichain parallel model to build a more vibrant ecosystem around DEX. The three chains are DEX public chain, Smart public chain, and Privacy public chain, respectively responsible for decentralized transactions, smart contracts, and on-chain privacy protection.
CETs that need to participate in complex financial contracts can be transferred to the Smart public chain through the DEX public chain, then moved back to the DEX public chain after that. CET tokens that need to participate in token confusion can also be carried out through the privacy transaction of the Privacy public chain, and can eventually be returned to the DEX public chain. The three public chains are responsible for their respective duties, and they are interconnected through the cross-chain technology through the relay mechanism. In addition to ensuring their respective transaction processing speed and functional attributes, they can also jointly provide richer and safer functions, and synergistically constitute the CoinEx decentralized public chain ecosystem.
In addition, CoinEx Chain also supports any participant to issue new tokens on the chain and create new trading pairs for the issued tokens. CoinEx Chain guarantees the circulation of new tokens by establishing a trading pair between the new token and CET.

2.2 Component architecture

“ Tendermint Core and Cosmos SDK have improved the performance and operation capability of the blockchain. The SDK packaging reduces the consideration of non-related logic, hence reducing the development complexity.
CoinEx Chain is based on Tendermint Core and Cosmos SDK, both of which have brought a big boost to the development of CoinEx public chain performance. Cosmos-SDK will implement the application logic of the blockchain. Together with the Tendermint consensus engine, it implements the three-layer architecture of the CoinEx public chain: the application layer, the consensus layer, and the network layer.
Tendermint
Tendermint is based on the state machine replication technology and is suitable for blockchain ledger storage. It is a list of transactions making consensus with Byzantine fault tolerance, the transactions are executed in the same order, and eventually the same state is obtained. Tendermint can be used to build various distributed applications.
Cosmos SDK
Cosmos-SDK is a blockchain framework that supports the construction of multiple assets with a consensus mechanism of POS (Proof of Stake) or POA (Proof of Authority). The goal of the Cosmos SDK is to allow developers to easily build custom blockchains from 0, while enabling the interaction with other blockchains.
Cosmos-SDK is a blockchain framework that supports the construction of multiple assets with a consensus mechanism of POS (Proof of Stake) or POA (Proof of Authority). The goal of the Cosmos SDK is to allow developers to easily build custom blockchains from 0, while enabling the interaction with other blockchains. The blockchain development framework Cosmos SDK implements general functions such as account management, community governance, and staking in a modular form. Therefore, using the Cosmos SDK to build a public chain can simplify development procedures and facilitate operation. Tendermint is a fixed protocol in a partially synchronized environment, which can achieve throughput within a delay range of the network and each process itself. The CoinEx public chain is developed based on both, improving the performance and operability of the blockchain. The SDK packaging further reduces considerations of non-related logic and reduces the complexity of developers creating. The two components of Tendermint and Cosmos SDK are connected and interacted through the Application Blockchain Interface.
Cosmos SDK and Tendermint interworking structure,Source:CoinEx; TokenInsight

2.3 Project public chain planning

The development plan of the CoinEx public chain is to create a series of public chains with specific application directions, including:
  1. DEX public chain: solve the problems of lack of security and opacity that are widely criticized by centralized exchanges at present; aim to build a transparent, safe, and permission-free financial platform; restore the experience of central exchanges to the greatest extent;
  2. Smart public chain: a public chain that specifically supports smart contracts and provides a platform for building complex financial applications;
  3. Privacy public chain: mainly provides transaction amount, account balance, and information protection and the hiding of both parties to the transaction.
In order to achieve the performance of each specific application public chain, each public chain in the CoinEx public chain focuses on the development of a certain function. For example, in order to improve the transaction processing speed of the DEX public chain, the DEX public chain only supports the necessary functions and does not support smart contracts. To achieve the smart contract function support, cross-chain connection between the DEX public chain and the Smart public chain is required.

2.4 Operation analysis

“ The CoinEx platform publishes monthly ecosystem reports with high transparency; but the monthly reports are limited to contents about transactions and development, and lack progress in ecosystem and community construction, making them relatively simple.
2.4.1 Disclosure of ecosystem information
Operational risks have a direct impact on platform users. Whether platform operations are smooth and whether there is transparency are issues that platform users care about.
The CoinEx platform was established in 2017 and has around 3 years of development. It is also one of the platforms that has been developing for a long time in the exchange industry. It has obtained a digital currency trading license issued by the Estonian Financial Intelligence Unit (FIU), and the platform’s compliance is guaranteed to some degree.
The actual operation of the CoinEx platform will be displayed in the form of ecosystem monthly reports. The monthly report contains various types of content such as online currencies, new activities, plans for the next month, and ecosystem dynamics. It involves multiple business dimensions including the CoinEx exchange, CoinEx Public Chain, and CET token.

https://preview.redd.it/4mt0999ere551.png?width=631&format=png&auto=webp&s=cba27a7c90275f4c033bdd2445a72e6f294265e8
Snippet of a CoinEx ecosystem monthly report,Source: CoinEx; TokenInsight
2.4.2 Roadmap
CoinEx Chain released its development roadmap for the four quarters of 2020 in January 2020. The roadmap shows that CoinEx Chain will undergo major updates on smart contracts and DEX hard fork upgrades. The project roadmap is basically planned on a monthly basis, with a clear plan and a clear direction of development.
CoinEx Public Chain 2020 Development Roadmap,Source: CoinEx; TokenInsight
In addition to the development route planned in the roadmap, CoinEx public chain also discloses its goals for next month in its monthly ecological report. The project’s main net was launched online in November 2019. According to TokenInsight’s review of the development of CoinEx public chain from January to April and the disclosure of the project’s ecosystem monthly report, the project’s plan about development of the smart contract Demo in February failed to be completed as planned; the project completed launching of the new version of the blockchain browser and the Asian Atlantis upgrade; the smart contract virtual machine development was planned to be completed in April, but the progress related to supporting cross-chain agreements was not disclosed yet.
Overall, the project’s development route planning is clear, and the project’s development schedule is consistent with the plan, but there are still some discrepancies. Operation and development information is disclosed every month, and information transparency is high.

3. Industry & Competitors

The earliest origin of the exchange layout in the public chain field began in early 2018 when Binance released an announcement to start the development of the Binance Public Chain officially. In June of the same year, Huobi announced at its brand upgrade conference that it will combine the technical capabilities of the Huobi technical team and the community developers to develop the Huobi public chain called “Huobi Chain”. In December of the same year, OK Group announced the launch of its self-developed public chain OKchain, dedicating to provide underlying technical support and services for startups stationed in B-Labs.
The successful launch of the public chain brings huge strategic significance to the exchange, which can not only improve the performance of the existing business of the exchange but also achieve further expansion of its influence. As one of the most important blockchain infrastructures, the public chain can benefit the exchanges behind it.
As a platform for developing public chain technology exchanges, CoinEx’s main competitors in the field of public chain development include Binance, Huobi, and OKEx. Although they are all exchange platforms for deploying public chains, the above four are different in terms of specific functions, economic models, and critical points of the public chain.

3.1 Development progress comparison

In 2019, Binance became the first exchange to launch a public chain among all digital asset exchanges, and its main product is Binance exchange (DEX). In April 2020, Binance announced the launch of a second smart contract chain, using Ethereum’s virtual machine, so that developers can build decentralized applications without affecting the performance and functionality of their original chain.
OKEx launched OKChain’s testnet in February 2020 and completed open source two months later. OKChain is designed as the basis of large-scale blockchain-driven business applications, with the characteristics of source code decentralization, point-to-point, irreversibility, and efficient autonomy.
Huobi released Huobi Chain for the first time in July 2019, the code is open source, and the testnet was released in February 2020. As a “regulator-friendly financial blockchain”, Huobi Chain focuses on providing compliance services for companies and financial institutions.
The CoinEx public chain officially completed the main online launch in November 2019 and completed the new block browser’s launch in March 2020. On April 3, 2020, CoinEx DEX uploaded the underlying code to Github to achieve open source. The CoinEx public chain is more inclined to build a full DEX ecosystem to achieve a one-stop solution for issuing, listing, storing, and trading. The long-term goal is to create a blockchain financial infrastructure.

3.2 Comparison of economic models

At present, the exchange is more inclined to use its existing platform currency as the native token of the public chain in the construction of public chain ecology. CoinEx’s CET, Binance’s BNB, and Huobi’s HT all fall into this category. OKEx is the only exchange that issues new tokens for its OKChain, which means OKT is the only ‘inflation token’ in the exchange’s public chain, while CET, HT, and BNB are all deflationary.

3.3 Decentralization of public chain

The initial number of CoinEx public chain verification nodes is 42, which is currently the most decentralized among all exchange public chains, and able to take both efficiency and decentralization into account; OKChain also currently has a relatively high degree of decentralization in the exchange public chain (21 verification nodes), its nodes have a high degree of autonomy; by contrast, Binance still firmly controls the operation of nodes and transactions; In terms of encourages cooperation between regulators and the private financial aspects, Huobi provides a lesser degree of decentralization. Huobi Chain uses a variant of the DPoS consensus algorithm to provide functions such as “supervision nodes”, allowing regulators to become validators.
Comparison of some dimensions of CoinEx, Huobi, Binance and OKEx public chain,Source: TokenInsight

4. Token Economy

CoinEx Token (CET) is a native token of the CoinEx ecosystem. It was issued in January 2018. Token holders can enjoy some user value-added services within the ecosystem. Currently, it is mainly used as a native token on the CoinEx Chain. As of 11 am on April 23, 2020, the current circulation of CET tokens in the market is 3,215,354,906.31, with a total of 5,842,177,609.53. CET tokens will not be further issued or inflated. Currently, daily repurchase and quarterly destruction are carried out. The repurchase destruction dynamics can now be tracked real-time on the CET repurchase system on the platform.

4.1 Token Distribution

The CET token used to be based on the ERC-20 token developed by Ethereum. Since the CoinEx Chain mainnet was launched in November 2019, some ERC-20 CET tokens have been mapped to the mainnet CET, and the rest of the CET will be mapped before November 10, 2020. CET holders need to deposit ERC-20 CET to the COinEX exchange, and the exchange will conduct the main network mapping.
At present, CET is mainly circulated in the form of mainnet tokens, and only a small portion of ERC-20 CET has not been mapped. The distribution of token holdings currently circulating on the mainnet can be seen in the figure below. At present, the number of tokens held by the top ten holders accounts for about 60.44% of all mainnet CET tokens.
Distribution of CET token holding addresses,Source: Etherscan; TokenInsight
The following figure shows the initial distribution of tokens after the mainnet mapping preset by CoinEx. From the initial distribution map of CET, it shows that, after mapping, a large portion of CET remains concentrated in the hands of the team (31%), and the actual number of CET circulating in the market only accounts for 49% of the total.
The initial distribution of CET token,Source: CoinEx; TokenInsight
After the main net mapping, the 31% of the total CET (1.8 billion) held by the team will be gradually unlocked in the five years from 2020 to 2024, and 360 million CET will be unlocked each year. By 2024, the CET held by the team will be completely unlocked. From the current CET dynamics, the CET share held by some teams has been used for destruction purposes to achieve the purpose of CET austerity. If the frozen 1.8 billion CET held by the team are used for similar purposes, the development of CET and its platform can benefit from it.
Team’s CET unlocking plan,Source: CoinEx; TokenInsight

4.2 Token economic model

4.2.1 Deflation mechanism
Since the CET token went online in January 2018, CoinEx has increased the circulation of CET through airdrops, transaction fee refunds, operation promotion, and team unlocking. As one of the existing platform coins with long development time, the deflation mechanism of CET token has undergone a series of changes with the development of the industry. In 2018, when the concept of coin-based mining prevailed, CET used transaction mining, stake mining, and pending order mining, which were cancelled in October, December and, April respectively of the following year.
The repurchase and destruction model currently used by CET was updated by CoinEx on April 11, 2020. The original CET quarterly repurchase and destruction policy of the platform will be adjusted to daily repurchase and quarterly destruction. After the implementation of the daily repurchase policy, CoinEx will take out 50% of the daily fee income for CET repurchase in the secondary market and implement quarterly destruction until the total remaining circulation is 3 billion (currently about 5.8 billion).
At the same time that CoinEx updated the repurchase and destruction plan on April 11, the platform also launched a page dedicated to displaying CET repurchase information, so that users can clearly understand the progress of CET repurchase and destruction.
As of April 23, 2020, the platform has destroyed 4,157,822,390.46 CET tokens, accounting for 41.6% of the initial total issuance. At the end of January 2019, it had destroyed 4 billion CETs (single destruction volume peak) at the end of this quarter. The number of CETs to be destroyed is 3,422,983.56.
CET historical destruction data,Source: CoinEx; TokenInsight
4.2.2 Application scenarios
The current usage scenarios of CET are discounted platform transaction fees, VIP services, special activities rights and interests, CoinEx Chain internal circulation fuel, and use of external scenarios.
Deduction and discount of platform transaction fees
CoinEx platform users can use CET to deduct transaction fees when conducting transactions within the platform. At the same time, using CET to pay transaction fees can enjoy the exclusive preferential rates provided by the platform.
CET fee discount amount,Source:CoinEx; TokenInsight
VIP service
Holding a certain number of CETs can make a user become a platform VIP user. Users can also use CET to purchase platform VIPs to obtain corresponding privileges such as discounted rates, accelerated withdrawals, and exclusive customers.
Special activity rights
CET holders can enjoy special rights and interests in platform marketing activities, such as participating in the airdrop of tokens on the platform or accelerating opportunities for high-quality projects.
CoinEx Chain built-in token
CET will serve as a native token of CoinEx Chain, circulate and serve as fuel in CoinEx Chain, and users can also use CET to invest or trade other digital assets. In addition, CET can also serve as transaction fees and function fees (issuing Token, creating new trading pairs, account activation), etc. in the platform, and users can also participate in the campaign of validators by staking CET tokens.
CET is currently used as a circulation token as well for CoinEx DEX to issue tokens, create orders, Bancor, address activation, set address aliases, and other application scenarios.
In general, the types of application scenarios of CET are not plenty enough. In order to better develop the internal ecosystem of the platform, it is necessary to design and develop more CET usage scenarios and incentive mechanisms to increase the retention rate of users while adding new users.
4.2.3 Token incentive
As the native token of the CoinEx public chain, CET will be used as a block incentive to increase community participation after the mainnet of the public chain launched. The 315 million CET held by the foundation in the total CET issuance will be used to incentivize initial verification nodes and Staking participants.
CET annual incentive information,Source:CoinEx; TokenInsight

5. Team & Partners

5.1 Core team members

Among the core team members of CoinEx, the technical members account for a relatively large proportion. The technical team’s overall ability is good and the team members have different technical experience backgrounds including cryptography, underlying protocols, marketing, and operations. The team has rich blockchain industry experience, especially the chief developer, who has about 13 years of development industry experience.

https://preview.redd.it/kd0z9q0ese551.png?width=785&format=png&auto=webp&s=7beff33e522165202f6a0b75dba70f32630d8656
https://preview.redd.it/s2klsatese551.png?width=1024&format=png&auto=webp&s=57f03219007d853d754883e2e07cd5eb2c8ed17d
https://preview.redd.it/kuyspmkfse551.png?width=978&format=png&auto=webp&s=fd9c808107d245047f7c74ef34fcf6a02965152c

5.2 Investment institutions and partners

CoinEx’s investment is led by Bitmain and its main partners include Matrixport, Bitcoin.com, CoinBull, Consensus Lab, BTC.com, BTC.top, Hoo Exchange, Wa Yi, ChainFor.com, etc.
Investment institutions and major partners have rich experience in the industry, which can promote the development of projects to a certain extent. However, the current industry involved by the partners is not wide enough, and it will have a limited role in promoting the future of CoinEx’s enriching business lines and increasing ecosystem functions.
https://preview.redd.it/zjgzvv6ise551.png?width=533&format=png&auto=webp&s=a3f7fe3abb2c2d522e289213ae6fbc4e899825e0

6. Community Analysis

According to TokenInsight’s research of the CoinEx platform community, as of April 23, 2020, its official Twitter has 19,800 followers and 932 tweets; the official Telegram has 45 official groups, 3 in Chinese and English, and the other is Korean, Arabic, Vietnamese, Indian and other small language groups, with a total number of 56088 people; the current number of followers on Facebook accounts is 3,107. The overall community followers still have a lot of room for improvement, and community activeness needs to be improved.
Number of followers on the CoinEx social platform,Source:TokenInsight
At present, the project’s search popularity and official website visits are both top-notch, and monthly visits have slowly returned to their previous visit levels after experiencing a significant decline in December 2019.
CoinEx visit popularity,Source: TokenInsight, Similarweb, Google
At present, the visitors of the CoinEx website are distributed in multiple countries, and there are no visits concentration from a single country or region. Therefore, CoinEx’s comprehensive global influence is widely distributed and has a reasonable degree of internationalization.

CoinEx official website’s top 5 countries by number of visitors,Source: CoinEx, TokenInsight
Original article
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