Is Bitcoin Truly Decentralized? Yes – and Here Is Why It’s ...

Bitcoin & Cryptocurrency Ponzi Schemes

Discussion of ponzi schemes that operate using cryptocurrency.
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Radical Decentralization - The Nature of the Future

Subverting traditional hierarchical systems in favor of a more resilient, innovative, networked, transparent and sustainable world.
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Germany's most popular crime series "Tatort" featured Bitcoin (and the Darknet); "Bitcoin is a decentralized payment system and a virtual currency which is used worldwide."

Germany's most popular crime series submitted by CapableOfLearning to Bitcoin [link] [comments]

Bitcoin: How An Unregulated, Decentralized Virtual Currency Just Became A Billion Dollar Market

Bitcoin: How An Unregulated, Decentralized Virtual Currency Just Became A Billion Dollar Market submitted by KanemotoYokose to technology [link] [comments]

Germany's most popular crime series "Tatort" featured Bitcoin (and the Darknet); "Bitcoin is a decentralized payment system and a virtual currency which is used worldwide."

Germany's most popular crime series submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Ethereum - a decentralized platform inspired by Bitcoin which can be used to create a virtual states with laws, contracts, currencies and more.

submitted by seaowl to cypherpunks [link] [comments]

Decentralized Applications - The Future of Bitcoin and Virtual Currencies?

Decentralized Applications - The Future of Bitcoin and Virtual Currencies? submitted by ThatchNailer to Rad_Decentralization [link] [comments]

Bitcoin: How An Unregulated, Decentralized Virtual Currency Just Became A Billion Dollar Market

Bitcoin: How An Unregulated, Decentralized Virtual Currency Just Became A Billion Dollar Market submitted by xsited1 to Bitcoin [link] [comments]

Introducing Decentralized Bitcoin and Virtual Currency Trading by Mastercoin Wallets

Introducing Decentralized Bitcoin and Virtual Currency Trading by Mastercoin Wallets submitted by dentonbros to Bitcoin [link] [comments]

Bitcoin miners and miners of other decentralized virtual currencies who mine to eventually spend are NOT regulated by the US govt according to their own release by FenCEN (apparently - not a lawyer but it seems clear)

GOOD NEWS ! Bitcoin miners and miners of other decentralized virtual currencies who mine to eventually spend are NOT regulated by the US govt according to their own release by FenCEN (apparently - not a lawyer but it seems clear)
(BTW this release by the feds clearly delineates bitcoin and virtual currencies as LEGAL and REGULATABLE which is a GOOD THING because it means BIG BOYS like HUGE FUNDS can buy them with CALM and the market will eventually stabalize in a reliable and safe fashion for the public. Of course this will take place at a price per Bitcoin probably SUBSTANTIALLY HIGHER than now since it means HUNDREDS OF MILLIONS OF DOLLARS will eventually flow into the bitcoin sphere driving the price much higher than now
Here's the relevant text from the release - link to full release below.:
" c. De-Centralized Virtual Currencies
A final type of convertible virtual currency activity involves a de-centralized convertible virtual currency (1) that has no central repository and no single administrator, and (2) that persons may obtain by their own computing or manufacturing effort.
A person that creates units of this convertible virtual currency and uses it to purchase real or virtual goods and services is a user of the convertible virtual currency and not subject to regulation as a money transmitter. By contrast, a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter. In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency. "
http://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html
Like my posts? http://www.reddit.com/usegeoredd/submitted/ Tips appreciated. I post. You profit! I need more bitcoin!
submitted by georedd to Bitcoin [link] [comments]

Bitcoin: How An Unregulated, Decentralized Virtual Currency Just Became A Billion Dollar Market

Bitcoin: How An Unregulated, Decentralized Virtual Currency Just Became A Billion Dollar Market submitted by MScDre to londonreal [link] [comments]

Proposal: The Sia Foundation

Vision Statement

A common sentiment is brewing online; a shared desire for the internet that might have been. After decades of corporate encroachment, you don't need to be a power user to realize that something has gone very wrong.
In the early days of the internet, the future was bright. In that future, when you sent an instant message, it traveled directly to the recipient. When you needed to pay a friend, you announced a transfer of value to their public key. When an app was missing a feature you wanted, you opened up the source code and implemented it. When you took a picture on your phone, it was immediately encrypted and backed up to storage that you controlled. In that future, people would laugh at the idea of having to authenticate themselves to some corporation before doing these things.
What did we get instead? Rather than a network of human-sized communities, we have a handful of enormous commons, each controlled by a faceless corporate entity. Hey user, want to send a message? You can, but we'll store a copy of it indefinitely, unencrypted, for our preference-learning algorithms to pore over; how else could we slap targeted ads on every piece of content you see? Want to pay a friend? You can—in our Monopoly money. Want a new feature? Submit a request to our Support Center and we'll totally maybe think about it. Want to backup a photo? You can—inside our walled garden, which only we (and the NSA, of course) can access. Just be careful what you share, because merely locking you out of your account and deleting all your data is far from the worst thing we could do.
You rationalize this: "MEGACORP would never do such a thing; it would be bad for business." But we all know, at some level, that this state of affairs, this inversion of power, is not merely "unfortunate" or "suboptimal" – No. It is degrading. Even if MEGACORP were purely benevolent, it is degrading that we must ask its permission to talk to our friends; that we must rely on it to safeguard our treasured memories; that our digital lives are completely beholden to those who seek only to extract value from us.
At the root of this issue is the centralization of data. MEGACORP can surveil you—because your emails and video chats flow through their servers. And MEGACORP can control you—because they hold your data hostage. But centralization is a solution to a technical problem: How can we make the user's data accessible from anywhere in the world, on any device? For a long time, no alternative solution to this problem was forthcoming.
Today, thanks to a confluence of established techniques and recent innovations, we have solved the accessibility problem without resorting to centralization. Hashing, encryption, and erasure encoding got us most of the way, but one barrier remained: incentives. How do you incentivize an anonymous stranger to store your data? Earlier protocols like BitTorrent worked around this limitation by relying on altruism, tit-for-tat requirements, or "points" – in other words, nothing you could pay your electric bill with. Finally, in 2009, a solution appeared: Bitcoin. Not long after, Sia was born.
Cryptography has unleashed the latent power of the internet by enabling interactions between mutually-distrustful parties. Sia harnesses this power to turn the cloud storage market into a proper marketplace, where buyers and sellers can transact directly, with no intermediaries, anywhere in the world. No more silos or walled gardens: your data is encrypted, so it can't be spied on, and it's stored on many servers, so no single entity can hold it hostage. Thanks to projects like Sia, the internet is being re-decentralized.
Sia began its life as a startup, which means it has always been subjected to two competing forces: the ideals of its founders, and the profit motive inherent to all businesses. Its founders have taken great pains to never compromise on the former, but this often threatened the company's financial viability. With the establishment of the Sia Foundation, this tension is resolved. The Foundation, freed of the obligation to generate profit, is a pure embodiment of the ideals from which Sia originally sprung.
The goals and responsibilities of the Foundation are numerous: to maintain core Sia protocols and consensus code; to support developers building on top of Sia and its protocols; to promote Sia and facilitate partnerships in other spheres and communities; to ensure that users can easily acquire and safely store siacoins; to develop network scalability solutions; to implement hardforks and lead the community through them; and much more. In a broader sense, its mission is to commoditize data storage, making it cheap, ubiquitous, and accessible to all, without compromising privacy or performance.
Sia is a perfect example of how we can achieve better living through cryptography. We now begin a new chapter in Sia's history. May our stewardship lead it into a bright future.
 

Overview

Today, we are proposing the creation of the Sia Foundation: a new non-profit entity that builds and supports distributed cloud storage infrastructure, with a specific focus on the Sia storage platform. What follows is an informal overview of the Sia Foundation, covering two major topics: how the Foundation will be funded, and what its funds will be used for.

Organizational Structure

The Sia Foundation will be structured as a non-profit entity incorporated in the United States, likely a 501(c)(3) organization or similar. The actions of the Foundation will be constrained by its charter, which formalizes the specific obligations and overall mission outlined in this document. The charter will be updated on an annual basis to reflect the current goals of the Sia community.
The organization will be operated by a board of directors, initially comprising Luke Champine as President and Eddie Wang as Chairman. Luke Champine will be leaving his position at Nebulous to work at the Foundation full-time, and will seek to divest his shares of Nebulous stock along with other potential conflicts of interest. Neither Luke nor Eddie personally own any siafunds or significant quantities of siacoin.

Funding

The primary source of funding for the Foundation will come from a new block subsidy. Following a hardfork, 30 KS per block will be allocated to the "Foundation Fund," continuing in perpetuity. The existing 30 KS per block miner reward is not affected. Additionally, one year's worth of block subsidies (approximately 1.57 GS) will be allocated to the Fund immediately upon activation of the hardfork.
As detailed below, the Foundation will provably burn any coins that it cannot meaningfully spend. As such, the 30 KS subsidy should be viewed as a maximum. This allows the Foundation to grow alongside Sia without requiring additional hardforks.
The Foundation will not be funded to any degree by the possession or sale of siafunds. Siafunds were originally introduced as a means of incentivizing growth, and we still believe in their effectiveness: a siafund holder wants to increase the amount of storage on Sia as much as possible. While the Foundation obviously wants Sia to succeed, its driving force should be its charter. Deriving significant revenue from siafunds would jeopardize the Foundation's impartiality and focus. Ultimately, we want the Foundation to act in the best interests of Sia, not in growing its own budget.

Responsibilities

The Foundation inherits a great number of responsibilities from Nebulous. Each quarter, the Foundation will publish the progress it has made over the past quarter, and list the responsibilities it intends to prioritize over the coming quarter. This will be accompanied by a financial report, detailing each area of expenditure over the past quarter, and forecasting expenditures for the coming quarter. Below, we summarize some of the myriad responsibilities towards which the Foundation is expected to allocate its resources.

Maintain and enhance core Sia software

Arguably, this is the most important responsibility of the Foundation. At the heart of Sia is its consensus algorithm: regardless of other differences, all Sia software must agree upon the content and rules of the blockchain. It is therefore crucial that the algorithm be stewarded by an entity that is accountable to the community, transparent in its decision-making, and has no profit motive or other conflicts of interest.
Accordingly, Sia’s consensus functionality will no longer be directly maintained by Nebulous. Instead, the Foundation will release and maintain an implementation of a "minimal Sia full node," comprising the Sia consensus algorithm and P2P networking code. The source code will be available in a public repository, and signed binaries will be published for each release.
Other parties may use this code to provide alternative full node software. For example, Nebulous may extend the minimal full node with wallet, renter, and host functionality. The source code of any such implementation may be submitted to the Foundation for review. If the code passes review, the Foundation will provide "endorsement signatures" for the commit hash used and for binaries compiled internally by the Foundation. Specifically, these signatures assert that the Foundation believes the software contains no consensus-breaking changes or other modifications to imported Foundation code. Endorsement signatures and Foundation-compiled binaries may be displayed and distributed by the receiving party, along with an appropriate disclaimer.
A minimal full node is not terribly useful on its own; the wallet, renter, host, and other extensions are what make Sia a proper developer platform. Currently, the only implementations of these extensions are maintained by Nebulous. The Foundation will contract Nebulous to ensure that these extensions continue to receive updates and enhancements. Later on, the Foundation intends to develop its own implementations of these extensions and others. As with the minimal node software, these extensions will be open source and available in public repositories for use by any Sia node software.
With the consensus code now managed by the Foundation, the task of implementing and orchestrating hardforks becomes its responsibility as well. When the Foundation determines that a hardfork is necessary (whether through internal discussion or via community petition), a formal proposal will be drafted and submitted for public review, during which arguments for and against the proposal may be submitted to a public repository. During this time, the hardfork code will be implemented, either by Foundation employees or by external contributors working closely with the Foundation. Once the implementation is finished, final arguments will be heard. The Foundation board will then vote whether to accept or reject the proposal, and announce their decision along with appropriate justification. Assuming the proposal was accepted, the Foundation will announce the block height at which the hardfork will activate, and will subsequently release source code and signed binaries that incorporate the hardfork code.
Regardless of the Foundation's decision, it is the community that ultimately determines whether a fork is accepted or rejected – nothing can change that. Foundation node software will never automatically update, so all forks must be explicitly adopted by users. Furthermore, the Foundation will provide replay and wipeout protection for its hard forks, protecting other chains from unintended or malicious reorgs. Similarly, the Foundation will ensure that any file contracts formed prior to a fork activation will continue to be honored on both chains until they expire.
Finally, the Foundation also intends to pursue scalability solutions for the Sia blockchain. In particular, work has already begun on an implementation of Utreexo, which will greatly reduce the space requirements of fully-validating nodes (allowing a full node to be run on a smartphone) while increasing throughput and decreasing initial sync time. A hardfork implementing Utreexo will be submitted to the community as per the process detailed above.
As this is the most important responsibility of the Foundation, it will receive a significant portion of the Foundation’s budget, primarily in the form of developer salaries and contracting agreements.

Support community services

We intend to allocate 25% of the Foundation Fund towards the community. This allocation will be held and disbursed in the form of siacoins, and will pay for grants, bounties, hackathons, and other community-driven endeavours.
Any community-run service, such as a Skynet portal, explorer or web wallet, may apply to have its costs covered by the Foundation. Upon approval, the Foundation will reimburse expenses incurred by the service, subject to the exact terms agreed to. The intent of these grants is not to provide a source of income, but rather to make such services "break even" for their operators, so that members of the community can enrich the Sia ecosystem without worrying about the impact on their own finances.

Ensure easy acquisition and storage of siacoins

Most users will acquire their siacoins via an exchange. The Foundation will provide support to Sia-compatible exchanges, and pursue relevant integrations at its discretion, such as Coinbase's new Rosetta standard. The Foundation may also release DEX software that enables trading cryptocurrencies without the need for a third party. (The Foundation itself will never operate as a money transmitter.)
Increasingly, users are storing their cryptocurrency on hardware wallets. The Foundation will maintain the existing Ledger Nano S integration, and pursue further integrations at its discretion.
Of course, all hardware wallets must be paired with software running on a computer or smartphone, so the Foundation will also develop and/or maintain client-side wallet software, including both full-node wallets and "lite" wallets. Community-operated wallet services, i.e. web wallets, may be funded via grants.
Like core software maintenance, this responsibility will be funded in the form of developer salaries and contracting agreements.

Protect the ecosystem

When it comes to cryptocurrency security, patching software vulnerabilities is table stakes; there are significant legal and social threats that we must be mindful of as well. As such, the Foundation will earmark a portion of its fund to defend the community from legal action. The Foundation will also safeguard the network from 51% attacks and other threats to network security by implementing softforks and/or hardforks where necessary.
The Foundation also intends to assist in the development of a new FOSS software license, and to solicit legal memos on various Sia-related matters, such as hosting in the United States and the EU.
In a broader sense, the establishment of the Foundation makes the ecosystem more robust by transferring core development to a more neutral entity. Thanks to its funding structure, the Foundation will be immune to various forms of pressure that for-profit companies are susceptible to.

Drive adoption of Sia

Although the overriding goal of the Foundation is to make Sia the best platform it can be, all that work will be in vain if no one uses the platform. There are a number of ways the Foundation can promote Sia and get it into the hands of potential users and developers.
In-person conferences are understandably far less popular now, but the Foundation can sponsor and/or participate in virtual conferences. (In-person conferences may be held in the future, permitting circumstances.) Similarly, the Foundation will provide prizes for hackathons, which may be organized by community members, Nebulous, or the Foundation itself. Lastly, partnerships with other companies in the cryptocurrency space—or the cloud storage space—are a great way to increase awareness of Sia. To handle these responsibilities, one of the early priorities of the Foundation will be to hire a marketing director.

Fund Management

The Foundation Fund will be controlled by a multisig address. Each member of the Foundation's board will control one of the signing keys, with the signature threshold to be determined once the final composition of the board is known. (This threshold may also be increased or decreased if the number of board members changes.) Additionally, one timelocked signing key will be controlled by David Vorick. This key will act as a “dead man’s switch,” to be used in the event of an emergency that prevents Foundation board members from reaching the signature threshold. The timelock ensures that this key cannot be used unless the Foundation fails to sign a transaction for several months.
On the 1st of each month, the Foundation will use its keys to transfer all siacoins in the Fund to two new addresses. The first address will be controlled by a high-security hot wallet, and will receive approximately one month's worth of Foundation expenditures. The second address, receiving the remaining siacoins, will be a modified version of the source address: specifically, it will increase the timelock on David Vorick's signing key by one month. Any other changes to the set of signing keys, such as the arrival or departure of board members, will be incorporated into this address as well.
The Foundation Fund is allocated in SC, but many of the Foundation's expenditures must be paid in USD or other fiat currency. Accordingly, the Foundation will convert, at its discretion, a portion of its monthly withdrawals to fiat currency. We expect this conversion to be primarily facilitated by private "OTC" sales to accredited investors. The Foundation currently has no plans to speculate in cryptocurrency or other assets.
Finally, it is important that the Foundation adds value to the Sia platform well in excess of the inflation introduced by the block subsidy. For this reason, the Foundation intends to provably burn, on a quarterly basis, any coins that it cannot allocate towards any justifiable expense. In other words, coins will be burned whenever doing so provides greater value to the platform than any other use. Furthermore, the Foundation will cap its SC treasury at 5% of the total supply, and will cap its USD treasury at 4 years’ worth of predicted expenses.
 
Addendum: Hardfork Timeline
We would like to see this proposal finalized and accepted by the community no later than September 30th. A new version of siad, implementing the hardfork, will be released no later than October 15th. The hardfork will activate at block 293220, which is expected to occur around 12pm EST on January 1st, 2021.
 
Addendum: Inflation specifics
The total supply of siacoins as of January 1st, 2021 will be approximately 45.243 GS. The initial subsidy of 1.57 GS thus increases the supply by 3.47%, and the total annual inflation in 2021 will be at most 10.4% (if zero coins are burned). In 2022, total annual inflation will be at most 6.28%, and will steadily decrease in subsequent years.
 

Conclusion

We see the establishment of the Foundation as an important step in the maturation of the Sia project. It provides the ecosystem with a sustainable source of funding that can be exclusively directed towards achieving Sia's ambitious goals. Compared to other projects with far deeper pockets, Sia has always punched above its weight; once we're on equal footing, there's no telling what we'll be able to achieve.
Nevertheless, we do not propose this change lightly, and have taken pains to ensure that the Foundation will act in accordance with the ideals that this community shares. It will operate transparently, keep inflation to a minimum, and respect the user's fundamental role in decentralized systems. We hope that everyone in the community will consider this proposal carefully, and look forward to a productive discussion.
submitted by lukechampine to siacoin [link] [comments]

Cryptocurrency Act of 2020

Source 1 - https://news.bitcoin.com/cryptocurrency-act-of-2020/
Source 2 - https://www.congress.gov/bill/116th-congress/house-bill/6154/text?q=%7B%22search%22%3A%5B%22crypto-currency+act%22%5D%7D&r=1&s=2
I didn't even know that this existed until recently but upon further research, I did noticed that this topic isn't discussed very often. Within the past few years, governments worldwide have started to get more and more involved in the cryptocurrency community. I know China stated recently that they are going to release a stablecoin soon and then there's the newly released USDC which is actually audited unlike USDT. I know Russia proposed some legislation recently as well.
I admit I'm fairly inexperience with all but I thought the entire point of cryptocurrency was that it was decentralized. Where do you guys think the world headed and how do you think it will affect the cryptocurrency community?
submitted by DungZo to CryptoCurrency [link] [comments]

IamA Founder of HOPR a pioneering data privacy project. My name is Dr. Sebastian Bürgel - AMA

HOPR Team Foreword: Dr. Sebastian Bürgel received his PhD from ETH Zurich, one of the world's top 10 universities for Science and Technology, before becoming an entrepreneur and architect of decentralized blockchain applications. His technical know-how helped shape the Distributed Ledger Technology (DLT) Law of Switzerland. Previously, Dr. Bürgel co-founded Validity Labs, the first Swiss blockchain education and service company, and taught the former Swiss President, Johann Schneider-Ammann, his first blockchain lesson.
Dr. Bürgel also co-founded SONECT, a fintech startup that developed a widely-used virtual ATM network.
In His Own Words: I have dedicated my career to building technical solutions that empower the individual.
I am contributing to a privacy-first web3 with HOPRnet.org, a blockchain-based data privacy project I founded, where we are taking a positive and empowering approach to providing network-level data privacy for all. We are also incentivizing everyone – not just those with technical experience – to relay data (which masks sender and recipient) by running a HOPR node and earning HOPR tokens.
Privacy is a major topic for the web3, powering the next generation of web applications, platforms and services. I am also interested in the future of work towards a post-corporate era. Do humans need companies to create value? Digital organizations such as DAOs (decentralized autonomous organizations) are a major shift away from traditional employment, organizations and the way we work.
Before joining the blockchain and crypto ecosystem, I worked as a postdoctoral fellow and PhD student at ETH Zurich in the domain of microtechnology and microfabrication for biomedical applications such as drug discovery, cancer research and neglected tropical diseases.
I am happy to engage in discussions and support people who #buidl:
You can find out more about me on my Twitter or LinkedIn.
submitted by SebastianCB to HOPR [link] [comments]

Stakenet (XSN) - A DEX with interchain capabilities (BTC-ETH), Huge Potential [Full Writeup]

Preface
Full disclosure here; I am heavily invested in this. I have picked up some real gems from here and was only in the position to buy so much of this because of you guys so I thought it was time to give back. I only invest in Utility Coins. These are coins that actually DO something, and provide new/build upon the crypto infrastructure to work towards the end goal that Bitcoin itself set out to achieve(financial independence from the fiat banking system). This way, I avoid 99% of the scams in crypto that are functionless vapourware, and if you only invest in things that have strong fundamentals in the long term you are much more likely to make money.
Introduction
Stakenet is a Lightning Network-ready open-source platform for decentralized applications with its native cryptocurrency – XSN. It is powered by a Proof of Stake blockchain with trustless cold staking and Masternodes. Its use case is to provide a highly secure cross-chain infrastructure for these decentralized applications, where individuals can easily operate with any blockchain simply by using Stakenet and its native currency XSN.
Ok... but what does it actually do and solve?
The moonshot here is the DEX (Decentralised Exchange) that they are building. This is a lightning-network DEX with interchain capabilities. That means you could trade BTC directly for ETH; securely, instantly, cheaply and privately.
Right now, most crypto is traded to and from Centralised Exchanges like Binance. To buy and sell on these exchanges, you have to send your crypto wallets on that exchange. That means the exchanges have your private keys, and they have control over your funds. When you use a centralised exchange, you are no longer in control of your assets, and depend on the trustworthiness of middlemen. We have in the past of course seen infamous exit scams by centralised exchanges like Mt. Gox.
The alternative? Decentralised Exchanges. DEX's have no central authority and most importantly, your private keys(your crypto) never leavesYOUR possession and are never in anyone else's possession. So you can trade peer-to-peer without any of the drawbacks of Centralised Exchanges.
The problem is that this technology has not been perfected yet, and the DEX's that we have available to us now are not providing cheap, private, quick trading on a decentralised medium because of their technological inadequacies. Take Uniswap for example. This DEX accounts for over 60% of all DEX volume and facilitates trading of ERC-20 tokens, over the Ethereum blockchain. The problem? Because of the huge amount of transaction that are occurring over the Ethereum network, this has lead to congestion(too many transaction for the network to handle at one time) so the fees have increased dramatically. Another big problem? It's only for Ethereum. You cant for example, Buy LINK with BTC. You must use ETH.
The solution? Layer 2 protocols. These are layers built ON TOP of existing blockchains, that are designed to solve the transaction and scaling difficulties that crypto as a whole is facing today(and ultimately stopping mass adoption) The developers at Stakenet have seen the big picture, and have decided to implement the lightning network(a layer 2 protocol) into its DEX from the ground up. This will facilitate the functionalities of a DEX without any of the drawbacks of the CEX's and the DEX's we have today.
Heres someone much more qualified than me, Andreas Antonopoulos, to explain this
https://streamable.com/kzpimj
'Once we have efficient, well designed DEX's on layer 2, there wont even be any DEX's on layer 1'
Progress
The Stakenet team were the first to envision this grand solution and have been working on it since its conception in June 2019. They have been making steady progress ever since and right now, the DEX is in an open beta stage where rigorous testing is constant by themselves and the public. For a project of this scale, stress testing is paramount. If the product were to launch with any bugs/errors that would result in the loss of a users funds, this would obviously be very damaging to Stakenet's reputation. So I believe that the developers conservative approach is wise.
As of now the only pairs tradeable on the DEX are XSN/BTC and LTC/BTC. The DEX has only just launched as a public beta and is not in its full public release stage yet. As development moves forward more lightning network and atomic swap compatible coins will be added to the DEX, and of course, the team are hard at work on Raiden Integration - this will allow ETH and tokens on the Ethereum blockchain to be traded on the DEX between separate blockchains(instantly, cheaply, privately) This is where Stakenet enters top 50 territory on CMC if successful and is the true value here. Raiden Integration is well underway is being tested in a closed public group on Linux.
The full public DEX with Raiden Integration is expected to release by the end of the year. Given the state of development so far and the rate of progress, this seems realistic.
Tokenomics
2.6 Metrics overview (from whitepaper)
XSN is slightly inflationary, much like ETH as this is necessary for the economy to be adopted and work in the long term. There is however a deflationary mechanism in place - all trading fees on the DEX get converted to XSN and 10% of these fees are burned. This puts constant buying pressure on XSN and acts as a deflationary mechanism. XSN has inherent value because it makes up the infrastructure that the DEX will run off and as such Masternode operators and Stakers will see the fee's from the DEX.
Conclusion
We can clearly see that a layer 2 DEX is the future of crypto currency trading. It will facilitate secure, cheap, instant and private trading across all coins with lightning capabilities, thus solving the scaling and transaction issues that are holding back crypto today. I dont need to tell you the implications of this, and what it means for crypto as a whole. If Stakenet can launch a layer 2 DEX with Raiden Integration, It will become the primary DEX in terms of volume.
Stakenet DEX will most likely be the first layer 2 DEX(first mover advantage) and its blockchain is the infrastructure that will host this DEX and subsequently receive it's trading fee's. It is not difficult to envision a time in the next year when Stakenet DEX is functional and hosting hundreds of millions of dollars worth of trading every single day.
At $30 million market cap, I cant see any other potential investment right now with this much potential upside.
This post has merely served as in introduction and a heads up for this project, there is MUCH more to cover like vortex liquidity, masternodes, TOR integration... for now, here is some additional reading. Resources
TLDR; No. Do you want to make money? I'd start with learning how to read.
submitted by hotprocession to CryptoMoonShots [link] [comments]

WE ALL KNOW BITCOIN, BUT ARE THERE ANY OTHER CRYPTOCURRENCIES?

If there’s a word that has disrupted our modern age and integrated fully the virtual part of our advances in technology is Bitcoin. “When we think of Bitcoin, we think about it as an asset to store value or wealth and, since it’s not easily used to pay for product and services, not everybody thinks about it as a currency, specifically a cryptocurrency”, says Mickael Mosse.
In fact, Bitcoin is so unique and trend-setter - although is much more than that -, we wouldn’t think Bitcoin belongs to any category, as it is cryptocurrencies.
Does that mean there are others like Bitcoin? Yes. Mickael Mosse continues: Bitcoin was the first virtual money based on cryptography to allow the creation of a decentralized money system while maintaining the privacy of its users. The technology used to create Bitcoin has been so robust, that it inspired the conception of other digital coins called altcoins, since they are an alternative to Bitcoin.
Although each currency differentiates themselves by the protocols they use to mine new coins or perform other processes intrinsic to a cryptocurrency, there has been a boom in the virtual field and today we have more than 1,600 cryptocurrencies, according to Mosse.
He summarizes some of the main cryptocurrencies, besides Bitcoin: “So let me briefly introduce you to only the five of the most prominent ones besides Bitcoin:
1. Ethereum (ETH). Although our first instinct is to compare it with Bitcoin, Ethereum is completely different. Ethereum was born to take blockchain technology to build decentralized applications. It introduced the concept of smart contracts and it is now the main platform for other cryptocurrencies and tokens. It’s the second most important in terms of market capitalization.
2. Ripple (XRP). Ripple is a blockchain platform for payments. Its main goal when it was created was to reduce the costs associated with transfer of money. It supports common units of value from cryptocurrency to fiat money, commodities, as well as flier miles and mobile minutes. That’s the main reason why it is the third coin in terms of market capitalization.
3. Litecoin (LTC). Litecoin is the closest to either Bitcoin and to online payment systems like PayPal. It differs from PayPal in that the payments are made using litecoins. But it is also different from Bitcoin in the time that blocks are processed and a different form of cryptography, called scrypt. It has also been third in terms of market capitalization and it’s usually in the top five.
4. Zcash (ZEC). This cryptocurrency is based on Bitcoin’s codebase but it’s main goal is to provide enhanced privacy capabilities. Unlike the transparency offered by Bitcoin, Zcash allows user to control what part of their transactions are visible to others. Although not at the top in market capitalization, this cryptocurrency is getting so much track and is traded on 146 exchanges.
5. Tether (USDT). The same way that the other altcoins are unique, Tether differentiation is based on the fact that is backed by an equivalent amount of fiat currencies held in bank accounts. So it is aimed to offer more stability than other digital coins and, although backed by fiat, it is based in blockchain technology. Although it has suffered some setbacks, in 2020 has jumped to the top ranking in market capitalization.”
Whatever cryptocurrency is your preference, there’s a lot more to know about each digital coins. “Most importantly, altcoins are becoming in the new alternative to fiat, and that’s reason enough for you to not get behind by not knowing that there are a lot of options besides Bitcoin”, advices Mickael Mosse.
Mickael Mosse - Blockchain and Cryptocurrency Expert
submitted by Accurate-Gap-8536 to u/Accurate-Gap-8536 [link] [comments]

Dream coins to #HODL

1)BAT Basic Attention Token (BAT) is a utility token and is utilised by the Brave Browser. The BAT token is used to tip content creators, as well as virtually anyone you find helpful on the Internet. 2) NEM is actually quite different from other cryptocurrencies for two main reasons, which makes it quite attractive to young investors. First, instead of mining, you ‘harvest’; second, ‘proof-of-importance’ is how you determine who will harvest the next block. On top of being a cryptocurrency, NEM is also a platform for building applications. 3) BET(EarnBet)- an online decentralized casino operating on the WAX chain and taking blockchain gaming to a whole new level. The casino offers games like Dice, Hilo, Blackjack, etc. It recently partnered up with ChainLink in utilizing its state of the art price prediction and betting mechanisms . The casino is user owned and 100% of profits are distributed to token holders. The casino recently distributed over $60,000 in dividends ( a month's worth) to token holders in coins such as btc. What makes this project so special is that it has the potential to explode during these unforeseen circumstances as users are generally switching over to online forms of entertainment. 4) Ripple (XRP) is the best coin to HODL in the event of a China and U.S tech war. The goal of the ripple system, according to its website, is to enable people to break free of the “walled gardens” of financial networks – ie, credit cards, banks, PayPal and other institutions that restrict access with fees, charges for currency exchanges and processing delays. 5) Ether is much more technologically advanced than bitcoin and amends the flaws of bitcoin as it allows developers to create their own dapps on the etherum network. Moreover, with the mainnet launching, this coin has been hyped a lot. It is intresting to know that this coin follows the trends of bitcoin but responds to market violaitlity more than bitcoin.
submitted by NotYourUsualPerson3 to SatoshiStreetBets [link] [comments]

What Time Does the NFL Draft Start?

Cryptocurrencies offer a reliable means of exchanging units that are outside the direct control of any national bank. It provides the freedom to conduct business without worrying about different regulations that are fine in a country. Bitcoin has exploded onto the scene in recent years. Many people and many large companies are now jumping on the Bitcoin Cryptocurrency train wanting a piece of the action.

What is a cryptocurrency?

Cryptocurrency is an Internet-based medium of exchange that uses cryptographic functions to conduct financial transactions. Cryptocurrencies take advantage of blockchain technology for decentralization, transparency, and immutability. Cryptocurrency is virtual money that works with a technology called the blockchain. The cryptocurrency, also known as a digital currency, is transferable from one digital wallet to another with an encryption technique that verifies the transfer of funds. A decentralized network of computers used to verify fund transactions (and of course, these are secure transactions).

How vital are cryptocurrencies in the upcoming conflicts?

Cryptocurrencies are essential in the coming conflict between digital currencies because they offer a third option and protect themselves in different situations where state powers may seek to repress their people and match each other. Cryptocurrencies allow people to keep their financial history and express their financial flow in whatever form of privacy they see fit - they are unlikely to offer central bank-based freedom.

Why do people want to use Bitcoin?

The leading cause is that Bitcoin is the answer to these destabilized governments and situations where the money is no longer as valuable as it used to be. The money we have now, the fiat paper money in our wallets has no value, and a year from now, it will be worth even less.
We have even seen large companies showing interest in blockchain technology. A few weeks ago, an inspection was sent to a handful of Amazon customers to see whether or not they would be interested in using a cryptocurrency if Amazon produces one. The results showed that many were very concerned and had hesitations about it. Others like Starbucks hinted at the use of a blockchain mobile application. Walmart has even used a patent on a "smart package" to use blockchain technology to track and authenticate correspondences.
Throughout our lives, we have seen many changes in the way we shop, the way we watch movies, the way we listen to music, read books, buy cars, search for houses, and now spend money and do banking. The cryptocurrency is here and here to stay. If you haven't already, it's time for anyone to thoroughly study cryptocurrencies and learn how to make the most of this trend as it evolves and increases in value.

Advantages of Cryptocurrency

The Crypto research is highly valuable. New cryptocurrencies emerge almost every day, old ones die, early adopters get rich, and investors lose money. Every cryptocurrency comes with a promise, mainly a great story to change the world. Few survive the first few months, and most are pumped and abandoned by speculators and live like zombie coins until the last bagholder loses hope of seeing a return on their investment.
When the first cryptocurrency was introduced, there were several early users of the dark web. As a result, many companies may view platforms like bitcoin as unethical and have reservations about the use of any cryptocurrency.
submitted by No_Wolverine7146 to u/No_Wolverine7146 [link] [comments]

What Time Does the NFL Draft Start?

Cryptocurrencies offer a reliable means of exchanging units that are outside the direct control of any national bank. It provides the freedom to conduct business without worrying about different regulations that are fine in a country. Bitcoin has exploded onto the scene in recent years. Many people and many large companies are now jumping on the Bitcoin Cryptocurrency train wanting a piece of the action.

What is a cryptocurrency?

Cryptocurrency is an Internet-based medium of exchange that uses cryptographic functions to conduct financial transactions. Cryptocurrencies take advantage of blockchain technology for decentralization, transparency, and immutability. Cryptocurrency is virtual money that works with a technology called the blockchain. The cryptocurrency, also known as a digital currency, is transferable from one digital wallet to another with an encryption technique that verifies the transfer of funds. A decentralized network of computers used to verify fund transactions (and of course, these are secure transactions).

How vital are cryptocurrencies in the upcoming conflicts?

Cryptocurrencies are essential in the coming conflict between digital currencies because they offer a third option and protect themselves in different situations where state powers may seek to repress their people and match each other. Cryptocurrencies allow people to keep their financial history and express their financial flow in whatever form of privacy they see fit - they are unlikely to offer central bank-based freedom.

Why do people want to use Bitcoin?

The leading cause is that Bitcoin is the answer to these destabilized governments and situations where the money is no longer as valuable as it used to be. The money we have now, the fiat paper money in our wallets has no value, and a year from now, it will be worth even less.
We have even seen large companies showing interest in blockchain technology. A few weeks ago, an inspection was sent to a handful of Amazon customers to see whether or not they would be interested in using a cryptocurrency if Amazon produces one. The results showed that many were very concerned and had hesitations about it. Others like Starbucks hinted at the use of a blockchain mobile application. Walmart has even used a patent on a "smart package" to use blockchain technology to track and authenticate correspondences.
Throughout our lives, we have seen many changes in the way we shop, the way we watch movies, the way we listen to music, read books, buy cars, search for houses, and now spend money and do banking. The cryptocurrency is here and here to stay. If you haven't already, it's time for anyone to thoroughly study cryptocurrencies and learn how to make the most of this trend as it evolves and increases in value.

Advantages of Cryptocurrency

The Crypto research is highly valuable. New cryptocurrencies emerge almost every day, old ones die, early adopters get rich, and investors lose money. Every cryptocurrency comes with a promise, mainly a great story to change the world. Few survive the first few months, and most are pumped and abandoned by speculators and live like zombie coins until the last bagholder loses hope of seeing a return on their investment.
When the first cryptocurrency was introduced, there were several early users of the dark web. As a result, many companies may view platforms like bitcoin as unethical and have reservations about the use of any cryptocurrency.
submitted by No_Wolverine7146 to u/No_Wolverine7146 [link] [comments]

Paxful Clone Script

The Paxful Clone Script content outcomes the crypto trade stage that offers its types of assistance through its site and Virtual booth connect which can be utilized by any site proprietor. The virtual connection is a partner program did by Paxful which will permit clients to spread a word about Paxful Clone Script as a byproduct of the 2% income from any sum that is purchased.

The vast majority of the trade stage has geographic limitations or installment issues, while Paxful Clone Script is liberated from both; in this way enabling to bring bitcoins to individuals in an unavoidable way and permitting more decentralized vehicle of trade. Different choices of installment gave by Paxful to its purchasers are not something which is significant in convention trade stages.

Pulsehyip presents to you an instant Paxful Clone Script involving all the current highlights found in Paxful. You can likewise modify your own digital currency trade stage dependent on your business necessities in our Paxful Clone Software.
submitted by 123shelly123verma to u/123shelly123verma [link] [comments]

How does cryptocurrency works?

How does cryptocurrency works?
When we were a much smaller society, people could trade in the community pretty easily, but as the distance in our trade grew, we ended up inventing institutions such as banks, markets, stocks etc. that help us to conduct financial transactions. The currencies we are operating with nowadays are bills or coins, controlled by a centralized authority and tracked by previously mentioned financial institutions. The thing is, having a third party in our money transactions is not always what we wish for. But fortunately, today we have a tool that allows us to make fast and save financial transactions without any middlemen, it has no central authority and it is regulated by math. Sounds cool, right? Cryptocurrency is this tool. It is quite a peculiar system, so let’s take a closer look at it.
by StealthEX

Layers of a crypto-cake

Layer 1: Blockchain

First of all – any cryptocurrency is based on the blockchain. In simple words, blockchain is a kind of a database. It stores information in batches, called blocks that are linked together in a chronological way. As the blockchain is not located in one place but rather on thousands of computers around the globe, the blockchain and the transactions thus are decentralized, they have no head center. The newest blocks of transaction are continuously added on (or changed) to all the previous blocks. That’s how you get a cryptocurrency blockchain.
The technology’s name is a compound of the words “block” and “chain”, as the “blocks” of information are linked together in a “chain”. That’s how crypto security works – the information in the recently created block depends on the previous one. It means that no block can be changed without affecting the others, this system prevents a blockchain from being hacked.
There are 2 kinds of blockchain: private and public. Public, as goes by its name, is publicly available blockchain, whereas private blockchain is permissioned, which only a limited number of people have access to.

Layer 2: Transaction

In fact, everything begins with the intention of someone to complete a transaction. A transaction itself is a file that consists of the sender’s and recipient’s public keys (wallet addresses) and the amount of coins transferred. The sender begins by logging in into his cryptocurrency wallet with the private key – a unique combination of letters and numbers, something you would call a personal password in a bank. Now the transaction is signed and the first step which is called basic public key cryptography is completed.
Then the signed (encrypted) transaction is shared with everyone in the cryptocurrency network, meaning it gets to every other peer. We should mention that the transaction is firstly queued up to be added to the public ledger. Then, when it’s broadcasted to the public ledger, all the computers add a new transaction to a shared list of recent transactions, known as blocks.
Having a ledger forces everyone to “play fair” and reduce the risk of spending extra. The numbers of transactions are publicly available, but the information about senders and receivers is encrypted. Each transaction holds on to a unique set of keys. Whoever owns a set of keys, owns the amount of cryptocurrency associated with those keys (just like whoever owns a bank account owns the money in it). This is how peer-to-peer technology works.

Layer 3: Mining

Now let’s talk about mining. Once confirmed, the transaction is forever captured into the blockchain history**.** The verification of the block is done by Cryptocurrency Miners – they verify and then add blocks to the public ledger. To verify them, miners go down on the road of solving a very difficult math puzzle using powerful software, which is that the computer needs to produce the correct sequence number – “hash” – that is specific to the given block, there is not much chance of finding it. Whoever solves the puzzle first, gets the opportunity to officially add a block of transactions to the ledger and get fresh and new coins as reward. The reward is given in whatever cryptocurrency’s blockchain miners are operating into. For example, BTC originally used to reward miners in 50 BTC, but after the first halving it decreased to 25 BTC, and at present time it is 6.25 BTC. The process of miners competing against each other in order to complete the transactions on the network and get rewarded is known as the Proof-of-Work (PoW) algorithm, which is natural for BTC and many other cryptocurrencies. Also there are another consensus mechanisms: Proof-of-Stake (PoS), Delegated Proof-of-Stake (dPoS), Proof-of-Authority (PoA), Byzantine Fault Tolerance (BFT), Practical Byzantine Fault Tolerance (pBFT), Federated Byzantine Agreement (FBA) and Delegated Byzantine Fault Tolerance (dBFT). Still, all of them are used to facilitate an agreement between network participants.
The way that system works – when many computers try to verify a block – guarantees that no computer is going to monopolize a cryptocurrency market. To ensure the competition stays fair, the puzzle becomes harder as more computers join in. Summing it up, let’s say that mining is responsible for two aspects of the crypto mechanism: producing the proof and allowing more coins to enter circulation.

Types of cryptocurrency

In the virtual currency world there are a bunch of different cryptocurrency types with their own distinctive features.
The first cryptocurrency is, of course, Bitcoin. Bitcoin is the first crypto coin ever created and used. BTC is the most liquid cryptocurrency in the market and has the highest market cap among all the cryptocurrencies.

Altcoins

The term ‘altcoins’ means ‘alternatives’ of Bitcoin. The first altcoin Namecoin was created in 2011 and later on hundreds of them appeared in crypto-world, among them are Ravencoin, Dogecoin, Litecoin, Syscoin etc. Altcoins were initially launched with a purpose to overcome Bitcoin’s weak points and become upgraded substitutes of Bitcoin. Altcoins usually stand an independent blockchain and have their own miners and wallets. Some altcoins actually have boosted features yet none of them gained popularity akin to Bitcoin. More about altcoins in our article.

Tokens

Token is a unit of account that is used to represent the digital balance of an asset. Basically tokens represent an asset or utility that usually are made on another blockchain. Tokens are registered in a database based on blockchain technology, and they are accessed through special applications using electronic signature schemes.
Tokens and cryptocurrencies are not the same thing. Let’s explain it more detailed:
• First of all, unlike cryptocurrencies, tokens can be issued and managed both centralized and decentralized.
• The verification of the token transactions can be conducted both centralized and decentralized, when cryptocurrencies’ verification is only decentralized.
• Tokens do not necessarily run their own blockchain, but for cryptocurrencies having their own blockchain is compulsory.
• Tokens’ prices can be affected by a vast range of factors such as demand and supply, tokens’ additional emission, or binding to other assets. On the other hand, the price of cryptocurrencies is completely regulated by the market.
Tokens can be:
• Utility tokens – something that accesses a user to a product or service and support dApps built on the blockchain.
• Governance tokens – fuel for voting systems executed on the blockchain.
• Transactional tokens – serve as a unit of accounts and used for trading.
• Security tokens – represent legal ownership of an asset, can be used in addition to or in place of a password.
Tokens are usually created through smart contracts and are often adapted to an ICO – initial coin offering, which is a means of crowdfunding. It is much easier to create tokens, that is why they make a majority of coins in existence. Altcoin and token blockchains work on the concept of smart contracts or decentralized applications, where the programmable, self-executing code is ruling the transactions within a blockchain. By the way, the vast majority of tokens were distributed on the Ethereum platform.

Forks

Generally a fork occurs when a protocol code, on which the blockchain is operating, is being changed, modified and updated by developers or users. Due to the changes, the blockchain splits into 2 paths: an old way of doing things and a new way. These changes may happen because: a disagreement between users and creators; a major hack, as it was with Ethereum; developers’ decision to fix errors and add new functionality. The blockchain mainly splits into hard forks and soft forks. Shortly speaking, coin hard forks cannot work with older versions while soft forks still can work with older versions.
Hard fork – after a hard fork, a new version is completely separated from the previous one, there’s no connection between them anymore, although the new version keeps the data of all the previous transactions but now on, each version will have its own transaction history. In order to use the new versions, every node has to upgrade their software. A hard fork requires majority support (or consensus) from coin holders with a connection to the coin network. If enough users don’t update then you will be unable to get a clean upgrade which could lead to a break in the blockchain.
Soft fork – a protocol change, but with backward compatibility. The rules of the network have been changed, but nodes running the old software will still be able to validate transactions, but those updated nodes won’t be able to mine new blocks. So to be used and useful, soft forks require the majority of the network’s hash power. Otherwise, they risk becoming set out and anyway ending up as a hard fork.

Stablecoins

As it comes from the name, stablecoins are price-stabilized that are becoming big in the crypto world. Still enjoying most of the “typical-cryptocurrency” benefits, it is standing out as a fixed and stable coin, not volatile at all. Stablecoins’ values are stabilized by pegging them to other assets such as the US Dollar or gold.
Stablecoins include Tether (USDT), Standard (PAX), Gemini Dollar (GUSD) which are backed by the US Dollar and approved by the New York State Department of Financial Services.

Conclusion

Now that we hacked into cryptocurrency, you probably understand that it is much less mysterious than it first seemed. Nowadays, cryptocurrencies are making the revolution of the financial institution. For example, Bitcoin is currently used in 96 countries and growing, with more than 12,000 transactions per hour. More and more investors are involved, banks and governments realize that these cutting edge technologies are prone to draw their control away. Cryptocurrencies are slowly changing the world and you can choose – either stand beside and observe or become part of history in the making.
And remember if you need to exchange your coins StealthEX is here for you. We provide a selection of more than 300 coins and constantly updating the cryptocurrency list so that our customers will find a suitable option. Our service does not require registration and allows you to remain anonymous. Why don’t you check it out? Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example BTC to ETH.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [[email protected]](mailto:[email protected]).
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/09/29/how-does-cryptocurrency-works/
submitted by Stealthex_io to StealthEX [link] [comments]

Best Cryptocurrency Hardware Wallet

It has been going on a time for Cryptocurrencies like bitcoin. If you are not familiar with cryptocurrencies yet; in simple words cryptocurrency is a digital or virtual currency which is secured by means of cryptography. These cryptocurrencies make use of decentralized networks which uses blockchain technology. This blockchain technology helps cryptocurrencies users to do secure payments and store money without use of bank through. To make use of cryptocurrencies more secure hardware wallets are used which stores user's private keys in a secure hardware device. These hardware devices make use of micro controllers which stores private keys in a protected area of micro controller which can not be transferred out of the device in plaintext. If you are finding best cryptocurrency hardware wallet make it sure that it is going to be offered with 6+ EAL certification.
submitted by Perfect-Knowledge220 to u/Perfect-Knowledge220 [link] [comments]

Bitcoin Broker Understand the Benefits of CryptoCurrency Trading

Bitcoin is a cryptocurrency, which can be spent, saved, or invested, and it can be stolen too. Trading with Bitcoins was considered to be risky, but the current trends show that it has become a big hit the binary options sector. This decentralized currency is not regulated by any Government, or by any central authority.
What determines the price of Bitcoins?
Bitcoin's price is determined according to the supply and demand ratio. Price increases when the demand increases, the rates plummet downwards when the demand falls. Bitcoins in circulation are limited, and new ones are created at a very slow rate. Since it does not have enough cash reserve to move the market price, its price can be extremely volatile.
Bitcoin trading is popular because of -
Binary options Bitcoin trading platform
bitcoin binary options are getting familiar with popularity of these Bitcoins, and its constant fluctuating values. Therefore they are using this opportunity to offer traders with the latest volatile crypto-currency as an additional payment method. Bitcoin brokers providing crypto-currency as trading option include -
Bitcoin brokers provide a simple trading online platform. All you have to do is visit their website, enter your details, and create an account. You can start with demo account to understand the market action.
The trading screen is simple.
Is Bitcoin trading secure?
Bitcoin network is possibly the world's vast spread computing project. The most common weakness here is the user errors. Bitcoin wallet files can get lost, stolen, or deleted accidentally just like any other files in the digital form.
However, users can use sound security strategies to protect their cash. Alternatively, you could choose the service providers who offer high-level security, as well as insurance against loss or theft.
We provide latest information on Bitcoin brokers and online trading platforms on our website. Please visit our website to check out the broker reviews in order to make the right choices.
submitted by amirkhoso to u/amirkhoso [link] [comments]

Utoko may help the block chain to enable the real economy

Utoko may help the block chain to enable the real economy
The financial tsunami broke out in 2008, and Satoshi Nakamoto proposed Bitcoin. As the underlying technology of Bitcoin, the blockchain is promoting new developments in human history. The future social connectivity will evolve into value interconnection based on the existing information interconnection. Blockchain is a disruptive technology that changes the world's behavior patterns, allowing people to collaborate better across time and space.
With the development of the blockchain, we found that tokens and token economic rules have promoted the prosperity of Bitcoin and Ethereum. The importance of the token economy is more important than the infrastructure of the blockchain. The speed and scale of value reconstruction and value creation of the Internet eyeball economy, traffic economy, fan economy and so on in the past 20 years have far exceeded the Internet infrastructure. Pass is based on the real economy and serves the real economy.
At present, the popularity of DeFi has nothing to do with the real economy. The current DeFi is a purely encrypted digital pass game, which has nothing to do with the real economy. Everyone is pinning their hopes on the appreciation of digital tokens. Most of its various innovations and gameplays are zero-sum games, lack of external value injection, and long-term sustainable development capabilities are worrying. If DeFi cannot provide financing support for high-quality commercial projects, it can only be the gaming industry in disguised form. Finance must support the real economy!

https://preview.redd.it/ukp4j07iy8p51.jpg?width=600&format=pjpg&auto=webp&s=54d1dd54f6e1317407b01e09ef2be87108f34dde
In response to the above-mentioned problems and areas, we launched the UTOKO project, which aims to build the world's first real economy decentralized financial service platform to help blockchain empower the real economy. This project will build an applicable decentralized financial service platform that integrates decentralized wallets, oracles, lending, trading, insurance, derivatives, etc., for real business entities, and integrates the blockchain economy, DeFi, DAO, etc. The idea of ​​chain technology is integrated into the UTOKO platform. UTOKO will create inclusive finance, allowing global merchants to use the digital financial ecosystem without access, realize the value of blockchain empowering the real economy, and define the future of blockchain.

https://preview.redd.it/5hivsnfky8p51.png?width=1897&format=png&auto=webp&s=39cfbcf2684dbc927c980f035a643027e042977e
In 2017, driven by Ethereum's smart contract technology, the digital asset market entered an overheated state, which made it possible to issue some projects that were difficult to implement, leading to confusion in the market. The hype of virtual currency, the ups and downs, the conduct of ICO, and even a lot of fraud, fraud and other bad phenomena. Blindly speculating and issuing coins is actually hurting the industry to a certain extent. Pure speculation of virtual currency is not conducive to the long-term and healthy development of the industry. Although the "speculation of coins" has heated up the blockchain technology to a certain extent, some use of blockchain ICOs, and even fraud, fraud and other phenomena have brought a lot to the blockchain. The negative impact of this technology, and overdraft the group that really does blockchain technology. In the second half of 2018, Bitcoin and various digital tokens plummeted. The return of Aircoin to zero reflects the lack of actual value and asset support for many blockchain-based commercial applications.
The speculation of coins actually goes against the original intention of the blockchain design. The original technology of the blockchain is Bitcoin. When designing Bitcoin, several issues should be paid attention to: The first Bitcoin cannot be off-chain. It is all produced, distributed, and used on the chain. Compare it with the most important tool used to make currency speculation-the exchange-a trading center for Bitcoin and other virtual currencies. The trading center actually exchanges with the legal currency, and this trading center is a centralized, even a virtual account. This currency is actually off-chain to a certain extent, and it is a centralized, similar to Bitcoin. The core idea of ​​currency decentralization is contradictory.

https://preview.redd.it/nzgx1hmqy8p51.jpg?width=580&format=pjpg&auto=webp&s=c426c6ace29a93a61fac5b175cda164274a6d970
Blockchain technology is the core technology that has the most potential to trigger the fifth wave of disruptive revolution after steam engine, electricity, information and Internet technology. We should truly realize blockchain as a technology of production relations to promote productivity. The core of the blockchain is to reconstruct the entire bottom layer of the Internet, use algorithms and procedures to build trust, allow value to flow freely on the Internet, and redefine each physical industry in the real world. Give full play to the role of blockchain and support the upgrading and transformation of physical enterprises.We should make good use of the "double-edged sword" of blockchain and digital assets, and "take the essence and discard the dross" so that the blockchain can better empower the real economy.

https://preview.redd.it/kg3irqdsy8p51.jpg?width=1000&format=pjpg&auto=webp&s=bdb1bf98a6a9d3932aabbea06a8b1f4f17ea604e
The UTOKO platform will design an applicable token economic system to provide global merchants with a decentralized financial system with good experience and high security, and to create the next-generation Internet digital economy. UTOKO platform will provide a variety of tools to connect traditional finance, build a bridge between decentralized finance and traditional centralized finance, help the development of the real economy, and reduce the cost of traditional financial services. At the same time, the UTOKO platform has a TUKE certificate. TUKE is used to encourage all participants in the ecosystem and the autonomy of the ecosystem. TUKE represents the common interests and wealth of the platform.

https://preview.redd.it/03mmtiqty8p51.jpg?width=640&format=pjpg&auto=webp&s=66559ac034459170cbfbac387176f2ef580f918b
submitted by UTOKO-Community to u/UTOKO-Community [link] [comments]

TOP 5 BITCOIN DECENTRALIZED EXCHANGES (DEX) IN 2020 BITCOIN ATM Launches in EUROPE - Is This the FUTURE for BITCOIN? OSCC13 - Edmund Edgar - Bitcoin on Your Grid Using decentralized virtual currencies in the metaverse Bitcoin Faucet: Extrabtc - 4 satoshis every 0 minutes (Faucetpay) Free BitCoins - Bitcoin Mining HQ - YouTube

Virtual Currency – Unregulated Digital Money Without Legal Tender. In order to explain what virtual currency truly is, we have to go back in time to 2012, during which the term was first created. Bitcoin is by far the most popular and well-known decentralized virtual currency, with a total market value of approximately $3.4 billion as of May 2015. However, there are hundreds of other decentralized virtual currencies—often called “altcoins”—also in circulation. No country has currently backed Bitcoin. Launched in 2009, and founded by Satoshi Nakamoto, Bitcoin is a “decentralized peer-to-peer virtual currency.” Other virtual currencies include Litecoin, Namecoin, Auroracoin, Peercoin, and Dogecoin – about 500 varieties in total – but research here primarily focuses on Bitcoin. When the first Bitcoin and other decentralized virtual currency companies emerged, Perkins Coie was uniquely situated to launch an industry group focused specifically on blockchain technology and digital currency. A decentralized currency was defined by the US Department of Treasury as a "currency (1) that has no central repository and no single administrator, and (2) that persons may obtain by their own computing or manufacturing effort". Ethereum Bitcoin . Bitcoin is the first decentralized digital currency. Trust in the currency is based on the ...

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TOP 5 BITCOIN DECENTRALIZED EXCHANGES (DEX) IN 2020

If you haven't heard of Bitcoin, it's the emerging decentralized, virtual currency gaining popularity lately in light of the FBI shutting down Silk Road, the online marketplace for illegal drugs ... OSCC13 - Edmund Edgar - Bitcoin on Your Grid Using decentralized virtual currencies in the metaverse ... or using them as an across-grid currency to play the role fulfilled by the Linden Dollar in ... Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency. Although its status as a currency ... TOP 5 #BITCOIN DECENTRALIZED EXCHANGES IN 2020 #DEX #CRYPTO. Category Education; Show more Show less. ... WHAT ARE DECENTRALIZED VIRTUAL WORLDS? CRYPTOVOXELS DECENTRALAND & SOMNIUM - Duration: 14:10. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency. Although its status as a currency ...

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