The Reddit Bake-Off, Reddit-wide tokenization, and where NANO fits in the future of digital exchange.
I first learned about Bitcoin from a person I met at an interview in late 2017. My primary interest was Bitcoin, but at the time I saw how much profit early Ethereum adopters yielded and I envied them for finding such a successful project in its early stages. My first investment in cryptocurrency was Litecoin. I was attracted to the fact that, although it was essentially the same as Bitcoin, it was faster and slightly less expensive. I dove in and I got rekt. As time went on I began to do research on different coins. I found Binance and started exploring alts. I'd look at the Binance chart, pick a coin, Google it, read their whitepaper (since I didn't understand the code, eventually I just judged a whitepaper by its aesthetic), and ultimately I would end up on their subreddit. That's how I found CryptoCurrency. At some point in my journey, a new wave of confidence entered the market. People started talking in the Daily about a new coin that appeared on some weird exchange whose named I had never heard. They said it was instant and free and that it was the absolute epitome of what Bitcoin was meant to be. Countless users suggested this coin would absorb the entire market cap of Bitcoin. Its name was strange, RaiBlocks (XRB). I had bought in around $20 at the time the price went from $0-38 in a couple of weeks. Everyone was enthusiastic about the bull run, but it was the technology and its potential for worldwide application that people were excited about most. Welp, some bad press and a couple of years later and we are now in the depths of obscurity and any mention of NANO in the Daily on CryptoCurrency, the same sub that birthed its popularity in the first place, is chastised. I sadly watched as NANO lost its clout and with it its price. Eventually, BrainBlocks died, which was my favorite project of all, and I exited completely. I even removed NANO from my watchlists because I knew if I saw it I would buy back in. NANO fell off my radar entirely for about 4 months while I dove head first into DeFi. However, last night I saw the charts looking favorable for a breakout, so I re-entered. Then today as Bitcoin pumped and every other alt dumped, NANO miraculously jumped. I figured the trading bots still oddly tie NANO to Bitcoin and after seeing NANO as the only successful coin in a sea of red, I came back. I also thought maybe the developers knew something we didn't, and the price was increasing before something big was about to happen, but that's just wishful thinking. Right now, the most exciting corner of the cryptocurrency space is far and away the fact that Reddit is now heavily involved in the future of cryptocurrency integration:
As an experiment, Reddit has begun given tokens to posters/commenters at two subreddits for upvoted content: Moons and Bricks at CryptoCurrency and FortNiteBR, respectively.
A user was even able to bridge Moons and Bricks to equivalent tokens on the xDai Network (xMOON and xBRICK), and are literally tradable. For example, I earned 425 moons last month and I bridged them to xMOON and traded them for ETH on Honeyswap. I earned ERC-20 tokens from Reddit, bridged them to another network, and sold them. This, ladies and gentlemen, is not only the beginning of the tokenization of Reddit. This is going to be the beginning of tokenization of everything. NANO is faster and feeless. An infinite number of blockchains can be created on the block lattice. A community member even generated a Moons to NANO converter, right? My question is: Is it possible for NANO to bridge ERC-20 and ERC-677 tokens from the Ethereum network to NANO sidechain equivalents. Fore example, NANOETH, NANOLINK, etc.? Why can't NANO participate in the Bake-Off and develop a protocol that bridges NANO and other tokens via sidechains? Is it possible to create a token for every single subreddit and have them run simultaneosly the NANO network? Why isn't NANO in the discussion for this and why haven't we entered the Bake-Off? Is this not the best use case for NANO and the best place to implement the protocol? To be quite honest, I am back because I think NANO will succeed in some way and I imagine the developers have a plan for marketing with the next hype wave in cryptocurrency. However, if that is not the case, then this project is missing a serious opportunity to become a part of perhaps the single most important incoming disruptor in the cryptocurrency space and economics, err, soon-to-be tokenomics of our society. People once thought this coin would absorb the entire market cap of Bitcoin, but it's been 3 years and other projects have gained traction and now the spotlight is on Ethereum. Yes, there will never be another coin as fast or as free as NANO, but there needs to actually be use for it for it to become valuable and have a place in the future. Thanks for reading! tl;dr - Reddit is tokenizing all subreddits and is actively hosting a competition in order to try to find the solution to Ethereum scaling, called the Bake-Off. I want to know if it is possible for NANO to participate in the Reddit Bake-Off and use its protocol to tokenize Reddit.
Ultimate glossary of crypto currency terms, acronyms and abbreviations
Decentr ($DEC) - foundational cross-chain and cross-platform DeFi protocol
Decentr is a protocol designed to make blockchain/DLT mainstream by allowing DeFi applications built on various blockchains to “talk to each other”. Decentr is a 100% secure and decentralised Web 3.0 protocol where users can apply PDV (personal data value) to increase APR on $DEC that users loan out as part of of our DeFi dLoan features, as well as it being applied at PoS when paying for stuff online. Decentr is also building a BAT competitor browser and Chrome/Firefox extension that acts as a gateway to 100% decentralised Web 3.0
Allows DeFi Dapps to access all Decentr’s dFintech features, including dLoan, dPay. Key innovation is that the protocols is based on a user’s ability to leverage the value of their data as exchangeable “currency”.
Decentr is building foundational chain-agnostic protocols that will support “true” 100% DeFi Dapps, a 100% secure and decentralised, user-centric alt economy. DeFi dApps inter-connected by Decentr can talk to each other and share PDV (personal data value) of their users. PDV is best described as a personalized “exchange rate” (in a sense social reputation where more effort leads to more rewards and NOT more capital to more rewards. ) between currencies that users apply at point-of-sale to make the cost of goods and services cheaper online. PDV is applied to the APR users earn on $DEC (native token) that they hold that they loan out as part of the investing pool. PDV will also allow uncollateralized loans on their dLoan platform, and also on platforms like Aave and Compound.
Decentr will implement ZKsync to get super cheap and super fast transactions across the ETH network. It is also working with HoloChain and Tomochain to allow connect their DeFi ecosystem to the Ethereum DeFi ecosystem. Decentr has DEEP TIES and a PARTNERSHIP with Holochain: https://medium.com/@DecentrNet/decentr-holochain-ama-29d662caed03
Decentr is also building a browser and Chrome/Firefox extension - a gateway that “transitions” Web 2.0 into a 100% decentralised Web 3.0 via their suite of decentralised dFintech and dCommunications features. The browser adds a 100% decentralised “user layer” to current blockchain protocols so that applications built on blockchain can actually “talk to each other”. The browser uses encryption all the time and the power of blockchain to keep private keys safe. Browser will offer a more robust and innovative type of blockchain storage and caching that is much faster than VPN or TOR. It will allow surfing .onion addresses as well as the regular ones. >>BAT browser 400m marketcap, DEC marketcap 4m<<
Decentr is researching a hardware application, powered by Decentr software, that would greatly enhance current IoT networks. It’s called a “Smart Chip Node” (SCN) and will adhere to 4G LTE standards (with in-built 5G capability), which means connectivity between devices will match or exceed current speed and connectivity, dramatically improving stability and coverage of standalone devices, such as a laptop or tablet, as well as IoT devices, such as home routers and modems.
Decentr uses Coinbase API to optimise integrated implementation of the user layer and Blockchain as a Service (BaaS) to allow users to leverage cloud-based solutions to build, host and use their own blockchain apps. Tierion’s technological infrastructure, the Chainpoint Proof protocol, will come into play whenever a user adds something in Tierion’s data store. Hyperledger Fabric and R3 Corda private blockchains are used as an immutable transaction database for data transfers, including the following tech: R3 Corda, Hyperledger Fabric, Ansible, Bitbucket Pipelines, AWS, Node.JS, GoLang, Kotlin and CouchDB.
Implements a system of layered security protocols based on a radically-new software architecture that combines Elliptic Curve Cryptography (ECC)4 and Sobol sequencing with a n-dimensional chain as part of AI-enhanced, platform-wide community consensus mechanism — a mechanism that assigns mutually agreed value to data and user security protocol upgrades (further encouraging enhanced data integrity) by deploying a Delegated Proof of Stake (DPoS) protocol.
Bank of England has reached out to Decenr to discuss the potential of a UK CBDC upon hearing about the potential of their tech. Decentr is consistent with their own R&D into a "dGBP" and they requested a top-level document for review >> Decentr created this proposal: https://decentr.net/files/Decentr_Consultancy_Doc_UK_CBDC.pdf
A fee is charged for every transaction using dPay whereby an exchange takes place between money (fiat and digital) and data, and vice versa, either as part of DeFi features or via a dApp built on Decentr. They are launching pilot programmes in the following industries:
Banking/PSP Industry: On Product launch, due to Decentr’s powerful PSP connections (including the worlds #2 PSP by volume), a medium-scale pilot program will be launched, which will seed the network with 150,000 PSP customers in primarily the Spanish/LAC markets, generating revenue from day one.
“Bricks and Mortar” Supermarket/Grocery Industry: Decentr aims to ensure the long-term competitiveness of “bricks and mortar” supermarkets against online-only grocery retailers, such as Amazon, by a) building secure tech that allows supermarkets to digitise every aspect of their supply chains and operational functions, while b) allowing supermarkets to leverage this incredibly valuable data as a liquid asset class. Expected revenue by Year 5: $114Mn per year.
Online Advertising Industry: Decentr’s 100% decentralised platform credits users secure data with payable value, in the form of PDV, for engaging with ads. The Brave browser was launched in 2012 and in 8 years has reached over 12 million monthly active users, accented by as many as 4.3 million daily active users.
TOKEN $DEC AND SALE
Decentr recently complete their token sale on a purchase portal powered by Dolomite where they raised $974,000 in 10 minutes for a total sale hardcap of 1.25M. The $DEC token is actively trading on multiple exchanges including Uniswap and IDEX. Listed for free on IDEX, Hotbit, Hoo, Coinw, Tidex, BKex. Listed on CoinGecko and Coinmarketcap. Listed on Delta and Blockfolio apps. ➡️ Circulating supply: 61m $DEC. ➡️ Release schedule and token distribution LINK -> NO RELEASE UNTIL 2021.
A tradeable unit of value that is both internal and external to the Decentr platform.A unit of conversion between fiat entering and exiting the Decentr ecosystem.A way to capture the value of user data and combines the activity of every participant of the platform performing payment (dPay), or lending and borrowing (dLend), i.e a way to peg PDV to tangible/actionable value.Method of payment in the Decentr ecosystem.A method to internally underwrite the “Deconomy.
DeFi is Cooling down, BW.io will launch hottest NFT Zone!
With the left foot stepping on the right foot, the left hand plucking hair, while claiming “to the moon”, DeFi is cooling down? “The first cup of milk tea in autumn” is for DeFi fans. Once a token was launched, the price plummeted. The financial events of the previous period gave people false hope that there would be another wave of bull market. On the contrary, joy becomes sorrow. Many people ask, is there still going to be bull market? But the token circle is never silent, because the market capital flow is too much! With the DeFi heat dissipation, NFT quietly becomes the next hottest topic. In my opinion, DeFi is not the only area that can generate huge returns, and NFT is likely to be the next big event in the blockchain world. What is NFT? The full name of NFT is non fungible token, which is usually translated into non-homogenous token. It first appeared in 2017 and is mainly used in games, artworks, domain names, collectibles and other fields. Let’s take a more popular example. Have you ever been caught playing video games and beaten by your parents when you were a child? Are you skillful and powerful in the games and get cool equipment? Have you ever seen collections in art galleries and museums, which amazed you but daunted you with their prices? Let me tell you, these are not problems now. Thanks to the blockchain, you can do whatever you want in the NFT world. When you look at the skyrocketing prize money of S10 champion, and you can only squander money in games under the coercion of Tencent, you can’t help but sigh at the desolation of life. Meanwhile, your girlfriend is scolding you for playing games and losing your ambition. And the advent of the NFT era, you will be reborn! Friend, are you tired of the endless payment after the first charge of 6 yuan? Friend, are you a king in the game, but a loser in your life? Friend, are you afraid to see your admirer in the game because you have no money in real life? Don’t worry, don’t hesitate, NFT era is coming, with lowest price, and just logging in BW.io (coin net) NFT zone can change your destiny. From now on, you can stand on the frontier of the era. You can make a lot of money and be incredibly rich. You can live for another 500 years and will still be elegant, handsome and rich! https://preview.redd.it/ikzr84ibrft51.jpg?width=830&format=pjpg&auto=webp&s=c33143346208bee2ec4624dbf6c6a00cfe6a4798 NFT is It is a kind of token which uses ERC-721 and ERC-1155 standards. Its biggest feature is that it has unique scarcity and can not be separated. At present, the existing landing scenes include artworks, collectibles, game props, bills and vouchers. What is a NFT? First of all, we need to understand homogeneous token, which means the same kind of token that can be exchanged with each other. For example, I have $100 BWB, which can be exchanged with $100 BWB in your hand. In essence, the token value of both parties is the same, and there is no difference. The only thing that changes is the transaction records on the chain. NFT refers to the unique and irreplaceable digital assets, that is, each NFT is unique and provides different uses and values. Further explanation, NFT can be a pair of silk stockings, a SSR card of Yinyangshi game, and a peripheral garage kit that others don’t care about, but you love very much. Some old players in the circle must have heard of the encrypted cat on ETH, which is the earliest NFT token. In a word, NFT can represent any asset, especially the extremely scarce one. In terms of “gold in chaotic times, antiques in prosperous times”, many people consider bitcoin as digital gold, and NFT can be understood as digital antique (digital collection). https://preview.redd.it/pjo810afrft51.jpg?width=786&format=pjpg&auto=webp&s=bad381457ae7bd83d4c2d94a4cb5550414f90dc7 After two years of development, NFT token and various ecological applications based on NFT token have gradually begun to mature. With the crazy rise of MEME, many people have doubts, will NFT be the next opportunity after the fever of DeFi? Generally speaking, NFT infrastructure is still under construction, and there is no complete functional protocol stack and application platform. The speculative demand is also lack of value target, and the current user group and demand are still too small. However, if you want to make a fortune in the token circle, you have to go ahead. When everyone sniffs a chance of gaining ten times or even a hundred times’ profit, there will be little chance. BW.io (coin net) now brings you a chance to get rich first. You can see that the NFT zone has been launched on the homepage of its official website. You can also participate in the activities and have the opportunity to split up 10000 USDT！ https://preview.redd.it/u92qhafts6u51.png?width=1190&format=png&auto=webp&s=889fcf85973bc1502d7c133171f3d20639baad26 What is the future of NFT? Is it possible to unleash the energy of DeFi in this summer? There is no need to over-interpret this issue. What you and I can and should do is to pay attention to BW’s NFT zone as soon as possible. Every new token may be a good opportunity to make money. Looking forward to the future, in addition to games, artworks, land, tickets and artworks, I expect that there will be more and more different NFT categories, and there will be a significant increase in market activities. A year later, we’ll look back and see what dramatic changes have taken place in the NFT ecosystem.Telegram: t.me/BW_support Twitter: https://twitter.com/BWWord Reddit: https://www.reddit.com/usebwexchange Mailbox: [[email protected]](mailto:[email protected]) Official website: www.bw.com | www.bw.io Download BW APP: https://www.bw.io/appDownload BW, Bit World, Better World
Update and Few Thoughts, a (Well-Typed) transcript: Liza&Charles the marketeers, Voltaire kick-off, PrisM and Ebb-and-Flow to fuck ETH2.0 Gasper, the (back)log of a man and a falcon, lots of companies, September Goguen time, Basho, 2021 Titans, Basho, Hydra and much more thoughts and prayers
Hi everybody this is Charles Hoskinson broadcasting live from warm sunny Colorado. I'm trying a new streaming service and it allows me to annotate a few things and simulcast to both periscope and youtube. Let's see how this works. I also get to put a little caption. I think for the future, I'm just for a while going to put: "I will never give away ada". So, when people repost my videos for giveaway scams they at least have that. First off, a thank you, a community member named Daryl had decided to carve a log and give his artistic impression of my twitter profile picture of me and the falcon so that always means a lot when I get these gifts from fans and also I just wanted to, on the back of the Catalyst presentation, express my profound gratitude and excitement to the community. You know it's really really cool to see how much progress has been made in such a short period of time. It was only yesterday when we were saying "when Shelley"? Now Shelley's out and it's evolving rapidly. Voltaire is now starting to evolve rapidly and we're real close to Goguen. At the end of this month we'll be able to talk around some of the realities of Goguen and some of the ideas we have and give some dates for certain things and give you a sense of where that project is at. The good news is that we have gained an enormous amount of progress and knowledge about what we need to do and how to get that done and basically people are just executing and it's a much smaller task than getting us to Shelley. With Byron to Shelley we literally had to build a completely new cryptocurrency from the ground up. We had to have new ledger rules, new update system, we had to invent a way of transitioning from one system to another system and there's hundreds of other little innovations along the way: new network stack and so forth. Byron cosmetically looks like Shelley but under the hood it's completely different and the Shelley design was built with a lot of the things that we needed for Goguen in mind. For example, we built Shelley with the idea of extended UTXO and we built Shelley understanding what the realities were for the smart contract model and that's one of the advantages you get when you do this type of bespoke engineering. There's two consequences to that, one, the integration is significantly easier, and two, the integration is significantly faster. We won't look at that same complexity there. The product update at the end of the month... We'll really start discussing around some of these things as well as talk about partners and talk about how the development ecosystem is going to evolve. There are a lot of threads throughout all three organizations that are happening simultaneously. Emurgo, they're really thinking deeply about DeFi and they've invited us to collaborate with them on things like stablecoins for example but we're also looking at oracles (oracle pools), DEX and these other things and because there are already people in market who have made mistakes, learned lessons, it gives us the benefit of hindsight. It means we can be much faster to market and we can build much more competitive things in market and the Cardano community gets first access to these next generation DeFi applications without a lot of the problems of the prior generations and that's super beneficial to us. You know, the other side of it, is that Voltaire is going to have a systemic influence not just on community funding but also the overall evolution and direction of the platform. The longer it exists the more pervasive it will become. Probably first applied towards the Cardano foundation roadmap but later on it will definitely have a lot of influence and say over every element aspect of the system including the launch dApps and these other things. Basically, long term, the types of problems that Cardano solves so that's incredibly appealing to me and very exciting to me because it's like I have this giant community brain with the best and brightest of all of you working with us to get us where we need to go. You know, another thing that was super encouraging, it's a small thing, but it shows us that we're definitely in the right direction was that we recently got a demo from Pramod (Viswanath) and his team out of university of Illinois on a protocol they create called PrisM which is a super fast proof-of-work protocol and they wrote this beautiful paper and they wrote code along with it that showed that PrisM is a ten thousand times faster than Nakamoto consensus. If you take the bitcoin proof-of-work protocol, you strip it out, you put PrisM in, you can run the entire bitcoin system 10000 times faster. They have these beautiful benchmarks to show that. Even in bad network conditions. (I'm) promoting this team, they're, they're real researchers, and they're real engineers, they use a lot of cool HPC concepts like springboarding and other things like that to accommodate that. Then I asked him in the presentation, I said well, how much faster if you replay the Ethereum chain? He says, well, that it takes a big performance hit, could be only maybe a hundred times because that model is not as easy to optimize and shard with standard computer science concepts. In fact in some cases there are limitations there that really can't be overcome. It turns out that we're more on that UTXO side than we are on the account side. As a coincidence or intent of the design of extended UTXO we're gonna have a lot easier time getting much higher performance where and when it's necessary. I also approved this week a scaling up of the Basho project. In particular, to build a hydra prototype team. The science has gotten to a point where we can make a really competitive push in that particular direction. What does that mean? It means that in just a few short months we can de-risk technological approaches that long-term will give us a lot of fruit where and when the community decides that they need infrastructure like hydra. Now, here's the beautiful thing about hydra. If you watch my whiteboard back in September of 2017 when Cardano first hit market with Byron I talked about this concept of looking at scalability with a very simple test which is as you get more people in the system it stays at the same performance or it gets faster. We all experience systems that do this, for example, bittorrent, more people downloading something you tend to be able to get it faster and we all experience the converse which is, the system gets slower when you get more people. What does this mean? It means that hydra is an actual approach towards true scalability in the system and it's a lot easier to do than sharding even though we have a beautiful approach to get the sharding on the ledger side if we truly desire to go down that way. There's beautiful ideas that we are definitely in deep discussions about. That's a very complex thing. There was recently a paper ("Ebb-and-Flow Protocols: A Resolution of the Availability-Finality Dilemma") out of Stanford that showed that the Gasper protocol as proposed for ETH2.0 does have some security concerns and it's going to be the burden on the shoulders of the Ethereum 2.0 developers and Vitalik to address those concerns from those Stanford professors. Whenever you have these very complex protocols they have so many different ways they can break and things can go wrong so it's much more appealing when you don't have to embrace complexity to achieve the same. The elegance of hydra is that stake pool operators are very natural parties to put hydra channels on and every time we add one we get much more performance out of that and the system as it gets more valuable. The k factor increases which means you get more stake pull operators, which means you get more hydra channels, so with growth we get appreciation, with appreciation we get more decentralization, with more decentralization we get more performance. In essence, this spiritually speaking, is really what we meant when we said scalability. That the system will always grow to meet its particular needs and we have a very elegant way of moving in that direction that doesn't require us to embrace very sophisticated techniques. It's not to say that these techniques don't have a place and purpose but it says that the urgency of implementing these is gone and we then have the luxury to pick the best science when it's ready instead of rushing it to market to resolve a crisis of high fees. We'll never have that crisis so there's a beauty to Cardano that is missing, I in my view, from many cryptocurrencies and blockchains in the marketplace and we're now seeing that beauty shine through. Not only through our community who are so passionate and amazing but in the science and the engineering itself and how easy it is for us to navigate the concepts. How easy it is for us to add more things, to take some things away, to clean some things up here and there and our ability to move through. I never imagined when in 2015 I signed up to go in on this crazy ride and try to build a world financial operating system we would have made as much progress as we made today. We've written more than 75 research papers as an organization many of which are directly applicable to Cardano. We've got great partners who work with Nasa and Boeing and Pfizer, massive companies, that have 10 years of history and millions of users to come in and help us grow better. We've worked with incredible organizations, major universities like university of Wyoming, university of Edinburgh, Tokyo, tech professors all across the world. We've worked with incredible engineering firms like VacuumLabs and AtixLabs and Twig and Well-Typed, runtime verification, QuviQ and dozens of others along the years and despite the fact that at times there's been delays and friction throughout this entire journey we've mostly been aligned and we keep learning and growing. It gives me so much hope that our best days are ahead of us and an almost fanatical belief that success is inevitable in a certain respect. You see because we always find a way to be here tomorrow and we always find a way to make tomorrow a better day than today and as long as that's the trend you're monotonically increasing towards a better tomorrow, you're always going to have that outcome, you're always going to be in a position where Cardano shines bright. Towards the end of the month we'll have a lot more to say about the development side and that'll be a beginning just like Voltaire is the beginning and then suddenly you now notice the beautiful parallelism of the roadmap. Shelley continues to evolve, partial delegation is coming, in fact, I signed the contract with vacuumlabs to bring that to Ledger (and Trezor). The Daedalus team is hard at work to make that feature apparent for everyone as is the Yoroi team. You see that, with now Voltaire, and soon was Goguen, and these are not endpoints, rather they're just beginnings and they're never over. We can always make staking better, more diverse, more merit-based and entertain different control models, have better delegation mechanics, have better user experience. The same for smart contracts, that's an endless river and along the way what we've discovered is it's easy for us to work with great minds and great people. For example with testing of smart contracts I would love to diversify that conversation above and beyond what we can come up with and bring in some firms who have done this for a long time to basically take that part with us shoulder to shoulder and build beautiful frameworks to assist us. For example, runtime verification is doing this with, the EVM with a beautiful project called Firefly to replace Truffle. I believe that we can achieve similar ends with Plutus smart contracts. When you ask yourself what makes a system competitive in the cryptocurrency space? In my view there are four dimensions and you have to have a good story for all four of those dimensions. You need security and correctness. A lot of people don't prioritize that but when they get that wrong it hurts retail people, it hurts everyday people, billions of dollars have been lost due to the incompetence and ineptitude of junior developers making very bad mistakes and oftentimes those developers faced no consequences. The people who lost money were innocent people who believed in cryptocurrencies and wanted to be part of the movement but didn't protect themselves adequately. That's a really sad thing and it's unethical to continue pushing a model that that is the standard or the likely outcome rather than a rare edge case. You have to as a platform, a third generation platformn invest heavily in giving the developers proper tools to ensure security and correctness. We've seen a whole industry there's been great innovations out of Quantstamp and ConsenSys and dozens of other firms in the space including runtime verification who have really made major leaps in the last few years of trying to improve that story. What's unique to Cardano is that we based our foundations on languages that were designed right the first time and there's over 35 years of history for the approach that we're following in the Haskell side that allows us to build high assurance systems and our developers in the ecosystem to build high assurance systems. We didn't reinvent the wheel, we found the best wheel and we're giving it to you. I think we're going to be dominant in that respect as we enter 2021. Second, you look at things like ease of maintenance, ease of deployment, the life cycle of the software upgrades to the software and as we've demonstrated with things like the hard fork combinator and the fact that Voltaire is not just a governance layer for ada and Cardano but will eventually be reusable for any dApp deployed on our system. You have very natural tooling that's going to allow people to upgrade their smart contracts, their dApps and enable governance for their users at an incredibly low cost and not have to reinvent the governance wheel each and every application. This is another unique property to our system and it can be reused for the dApps that you deploy on your system as I've mentioned before. Performance is a significant concern and this was often corrupted by marketers especially ICO marketers who really wanted to differentiate (and) say: "our protocol tested on a single server in someone's basement is 500000 transactions per second" and somehow that translates to real life performance and that's antithetical to anyone who's ever to study distributed systems and understands the reality of these systems and where they go and what they do and in terms of performance. I think we have the most logical approach. You know, we have 10 years of history with bitcoin, it's a massive system, we've learned a huge amount and there's a lot of papers written about, a lot of practical projects and bitcoin is about to step into the world of smart contracts. We congratulate them on getting Schnorr sigs in and the success of Taproot. That means entering 2021, 2022, we are going to start seeing legitimate dApps DeFi projects, real applications, instead of choosing Ethereum or Algorand, EOS, Cardano, choosing bitcoin and they're adding a lot to that conversation. I think that ultimately that model has a lot of promise which is why we built a better one. There are still significant limitations with what bitcoin can accomplish from settlement time to the verbosity of contracts that can be written. The extended UTXO model was designed to be the fastest accounting and most charitable accounting model ever, on and off chain, and hydra was designed to allow you to flex between those two systems seamlessly. When you look at the foundations of where we're at and how we can extend this from domain specific languages, for domain experts, such as Marlowe to financial experts, and the DSLs that will come later, for others, like lawyers and supply chain experts in medical databases and so forth and how easy it is to write and deploy these. Plutus being beautiful glue code for both on and off chain communications. I think we have an incredibly competitive offering for performance and when hydra comes, simply put, there'll be no one faster. If we need to shard, we're going to do that and definitely better than anybody else because we know where our security model sits and there won't be surprise Stanford papers to blindside us that require immediate addressing. In terms of operating costs, this is the last component, in my view, and that's basically how much does it cost you the developer to run your application? There are really two dimensions, one is predictability and the other is amount. It's not just good enough to say: it's a penny per transaction today. You need to know that after you spend millions of dollars and months or years of effort building something and deploying something that you're not going to wake up tomorrow and now it's five dollars to do what used to cost a penny. You need that cost to be as low as possible and as predictable as possible and again the way that we architectured our system and as we turn things on towards the end of this year and as we enter into the next year we believe we have a great approach to achieve low operating cost. One person asks why Cardano? Well because we have great security and correctness in the development experience and tools with 35 years of legacy that were built right the first time and don't put the burdens of mistakes on your customers. They ask why Cardano and we say: well the chain itself is going to give you great solutions with identity value transformation and governance itself and as a consequence when you talk about upgrading your applications having a relationship with your customers of your applications and you talk about the ease of maintenance of those applications. There's going to be a good story there and we have beautiful frameworks like Voltaire that allow that story to evolve and we keep adding partners and who have decades of experience to get us along. We won't stop until it's much better. They asked why Cardano? We said because at the moment we're 10 times faster today than Ethereum today and that's all we really need for this year and next year to be honest and in the future we can be as fast as we need to be because we're truly scalable. As the system gets more decentralized the system improves performance and where and when we need to shard we can do that. We'll have the luxury of time to do it right, the Cardano way, and when people ask why Cardano? Because the reality is, it's very cheap to do things on our platform and the way we're building things. That's going to continue being the case and we have the governance mechanisms to allow the community to readjust fees and parameters so that it can continue being affordable for users. Everything in the system will eventually be customizable and parameterizable: from block size, to transaction fees and the community will be in a good position to dynamically allocate these things where and when needed so that we can enjoy as an ecosystem predictability in our cost. In the coming weeks and months, especially in my company, we're going to invest a lot of time and effort into comparison marketing and product marketing. When I see people say, oh well, you've launched proof of stake, a lot of other people have done. I don't think those people fully appreciate the magnitude of what we actually accomplished as an ecosystem and the quality of the protocols that are in distribution. That's not their fault, it's our fault, because we didn't take the time in simplistic terms, not scientific papers and deep code and formal specifications, but rather everyday language, to really show why we're different. I admit that that's a product failing and that needs to be corrected so we hired a great marketing director, named Liza (Horowitz?) and she is going to work full time with me and others in the ecosystem, a great team of people, every single day to get out there and explain what we have done is novel, unique, competitive and special to our industry. Everything from Ouroboros and contrast to major other protocols from the EOSes and Algorands and the Tezos of the world. Why we're different, trade-offs we chose over them, to our network stack, to the extended UTXO model, to Plutus, to Marlowe and we're going to keep hammering away at that until we get it right and everybody acknowledges and sees what has been accomplished. I've spent five years of my life, good years of my life, and missed a lot to get this project where it needs to go. All of our employees have invested huge sums of their personal lives, their time, their brand, their careers, in trying to make this the really most magical and special cryptocurrency and blockchain infrastructure around. No one ever signed up in this company or the other companies working on Cardano to work on a mediocre protocol. That's just another blockchain, they signed up to change the world, they signed up to build a system that legitimately can look at you in the face and say: one day we have the potential to have a billion users! That's what they signed up for and they showed up to play. They built technology that evolves in that direction with some certainty and great foundations and we have an obligation to market in a way that can show the world why, succinctly, with clarity. Understandably, this has been a failing in the past but you know what? You can always be better tomorrow that monotonically increasing make it better and that's what we're going to do. We recognized it and we're going to invest in it and with Voltaire if we can't do it. You the community can do it and we'll work with you. If you can do a better job and the funding will be there to get that done. In addition to this, we think about 2021 and we ask where does the future take us? I've thought a lot about this you know I've thought a lot about how do we get the next five years as we close out 2020 and here's the reality: we're not going to leave as a company until we have smart contracts and multi-asset and Voltaire has evolved to a point where the community can comfortably make decisions about the future of the protocol and that the staking experience has solidified and it's stable. I don't care if this costs me millions or tens of millions of dollars out of my own pocket to make happen. I'm going to do that because that's my commitment to you, the community and every product update will keep pushing our way there. We'll continue to get more transparent, we'll continue to get more aggressive and hire more and parallelize more. Aware when we can, to deliver that experience so that Cardano gets where it needs to go. Then when we ask about where do we go next? The reality is that the science as an industry, the engineering as an industry has given a menu of incredibly unique attractive and sexy things that we can pursue. What we're going to do is work with the community and the very same tools that are turning on today, the Voltaire tools, the cardano.ideascale.com tools and we're going to propose a consortium and we're going to bring the best and brightest together and give a vision of where we can take the system in another five years. With the benefit of hindsight, massively improved processes, better estimation capabilities and the fact that we're not starting with two people at IOG. We're starting with 250 people and the best scientific division in our industry and the legacy of almost, nearly by the end of this year, 100 scientific papers. That's us, you know what, there's dozens of companies throughout the history who have worked on Cardano. It's about time to scale them up too and get client diversity. So come next year when the protocol has evolved to the point where it's ready for it, we'll have that conversation with you the community and that's going to be a beautiful conversation. At the conclusion of it, there's going to be certainty of how we're going to evolve over the next five years to get ourselves beyond the cryptocurrency space. I'm very tired of these conversations we have about: are you going to go to (coindesk's) consensus or not? Or who's going to be the big winner? What about Libra or what about this particular regulation and this crypto unicorn and this thing? You know I've been in the space a long time and I've noticed that people keep saying the same things year after year in the same venues. Yes, the crowd sizes get larger and the amount of value at risk gets larger but I haven't seen a lot of progress in the places where I feel it is absolutely necessary for this technology to be permanent in the developing world. We need to see economic identity. People often ask what is the mission for Cardano? For us IOG, you look at economic identity and you take a look at a roadmap. For it, you scale up and down, and each and every step along the way, from open data, to self-sovereign identity, to financial inclusion. You can keep going down: to decentralized lending, decentralized insurance, decentralized banking. Each and every step along the way to economic identity. When you admit a blockchain tells you that, there's a collection of applications and infrastructure that you need to build. My life's work is to get to a point where we have the technology to do that. The infrastructure to do that, with principles, and so we'll keep evolving Cardano and we'll keep evolving the space as a whole and the science as a whole until I can wake up and say: each box and that road to economic identity, for all people not just one group, we have a solution for that. I'm going to put those applications on Cardano and success for me is not about us being king of the crypto hill and having a higher market cap than bitcoin or being entrepreneur of the year coindesk's most influential person. It's meaningless noise, success for me is reflecting back at the things that we have accomplished together and recognizing that millions if not billions now live in a system where they all matter, they all have a voice, they all have an equal footing. The Jeff Bezos of the world have the very same experience as the person born in Rwanda and we're not done until that's the case. It's a long road, it's a hard road, but you know what? We're making progress, we have great people in Africa, we have great people in eastern Europe, we have great people in southeast Asia and great partners all along the way. Great people, Latin America, great people in south America, great people here in the United States. When we talk about economic identity there are millions, if not tens of millions of Americans who don't have it. Same for Canadians, hundreds of thousands, who don't have it. Developed western cultures, it's the greatest blind spot of policy and as we enter into a depression as a result of coronavirus, add millions if not tens of millions more onto that list. Generations are being disenfranchised by this legacy system and we as an ecosystem, we as an entire community are offering a different way forward. Not hyper centralizationn not social credit but a way forward where you own your own money, your own identity, your own data. You're not a victim of surveillance capitalism, you're not a victim of civil asset forfeiture. When you say the wrong things, you get shut out of society. Each and every human being matters and I'm optimistic to believe that when you remind people that they matter they're gonna rise to the occasion. That is the point of my company. In the things that we do each and every day, that's our mission to give the platforms to the world so that those who don't have economic identity can get it and they can keep it and no one can take it from them and they can enjoy an ever increasing growth of standard of living wealth and prosperity. However you want to measure that this is my goal post, I couldn't care less about the cryptocurrency space. It was a great place to start but the space needs to be reminded why it exists. Bitcoin was given a mandate on the back of the 2008 financial crisis to do something different. It was not given a mandate to go be a new settlement layer for central banks or a new way for the old guard to make more money and banks get bigger and for those who are in control to preserve their power. The whole point of doing something so crazy as to buy a coin that doesn't even exist in real life, that's just a bunch of numbers in the cloud, the whole point of that was so that we as a society could do something different than the way that we'd been doing things before. So, each and every member of the cryptocurrency space needs to remind everyone else from time to time why we're here and where did we come from and where are we going to go. The beauty of Cardano is we have already achieved for the most part a decentralized brain and that momentum is pushing harder than ever. More and more scientists are waking up, more and more institutions are waking up, getting us there. The code we have, the right approach and I think we have a great competitive offering for 2021 as we go and battle the titans and that's going to be a lot of fun but we know who we are and where we're going and we're in the right places. It's so incredibly encouraging to see the stake pool operators not just be from California or Texas or New York or Canada. To see a lot of stake pool operators from the place that need the most, help everybody does matter and it means a lot to me for the people who are there but it means a lot to everybody to say that we have created an equal platform. It makes the participation of all of us so much more meaningful. We're not just talking to each other, we're talking to the world and by working together on this platform we're lifting the world up and giving people hope. That's the point, there's a lot more to do, we didn't get everything done. You never do you aspire, you work hard, you set a moon, shot and sometimes you can just get to orbit with the first go but you know what? When you build the next rocket you can go to Mars. Thank you all for being with me, thank you all for being part of this. Today was a damn good day with the announcement of Voltaire. Go to cardano.ideascale.com. You can participate in that, so end of September is going to be a good day too. There's a lot of good days to come, in between a lot of hard days, doing tasks sometimes entirely forgettable but always necessary to keep the revolution going and the movement going. I cannot wait for 2021, our best days are ahead of us, because of you. You all take care now . Source: https://www.youtube.com/watch?v=BFa9zL_Dl_w Other things mentioned: https://cardano.ideascale.com/ https://www.atixlabs.com/blockchain https://www.well-typed.com/ https://www.vacuumlabs.com/ https://medium.com/interdax/what-is-taproot-and-how-will-it-benefit-bitcoin-5c8944eed8da https://medium.com/interdax/how-will-schnorr-signatures-benefit-bitcoin-b4482cf85d40 https://quantstamp.com/ https://bloxian.com/bloxian-platforms/ (TWIG) https://runtimeverification.com/firefly/ https://www.trufflesuite.com/ https://experts.illinois.edu/en/publications/prism-deconstructing-the-blockchain-to-approach-physical-limits (PrisM and not our Prism https://atalaprism.io/) Ebb-and-Flow Protocols: A Resolution of the Availability-Finality Dilemma (aka Gasper and ETH2.0 fucker) https://arxiv.org/abs/2009.04987 http://www.quviq.com/products/ https://en.wikipedia.org/wiki/Schnorr_signature
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I have been watching you for a while, you know. Wasn't sure whether to invest, but now I know that I must? (FUSION. Could have also prevented the Statera balancer hack?)
So this project caught my (and probably many other people's) attention at least once last year. Especially after the foundation had some of its funds stolen which saw the token's price tank massively. I kind of forgot about it until seeing it being veeeery low-key mentioned on TG again recently and it appears to have 5xed over the last few months, essentially returning back to its old price level, while still being relatively low cap. Also sitting nicely next to LTO (another actually professional, albeit slow-burning, project) on https://coinstats.network/, rising rapidly throughout the ranks over the last weeks. (The top three performers at the time of this post are VeChain, LTO, and FSN, as you can see at the right top.)
Anyway... I did some digging, and frankly, I feel like simply quoting Dejun Qian (leader of Fusion and also founder of BitSE, which later enabled the rise of VeChain), because he does an overall decent enough job at explaining the general gist behind Fusion -- a blockchain designed in particular with decentralized finance (DEFI) in mind:
"Fusion is targeting to be the infrastructure of digital finance. Only interoperability is not enough. TL+DCRM+QS solves finance problem entirely: exchange (QS) value across different systems (DCRM) and different time (TL). Our overall goal is to abstract away the complexity of defi or even being involved in defi, and offer just the benefits."
DCRM refers to their Decentralized Control Rights Management layer, which has been developed together with 4 world-leading cryptographers; allowing for decentralized custody of assets in finance (= e.g. a decentralized (custodian) bank?)
TL refers to Time-Locks; that is the time value extraction out of any type of asset by locking and borrowing their use; with Fusion in general allowing for the exchange of time value across different chains
Interoperability generally refers to the solving of the data silo problem (separated blockchains), with silos generally referring to isolated sets of data (e.g. different doctor offices each being a silo that cannot interact) and more... (Their biggest competitor today seems to be Wanchain, which, for example, doesn't allow truly decentralized private key generation the way Fusion's DCRM does. Amongst other things. I'm not 100% sure of both projects' pros and cons, however.)
...most of which (Time-Lock, DCRM and Quantum Swap) are patented. Although it should also be mentioned how the Telegram frequently questions the ability to enforce these patents. And depending on your personal outlook in regards to patents in the cryptospace, you could generally consider this a big negative point. Or, if you only care about money, a very positive one. With the latter likely aligning more with this sub's interests.
Anyway... Time-locking simply refers to you locking in any type of asset (real or digital) and then being able to lend it for some set amount of time (time-slice) without giving up ownership. This could have been useful in preventing, for example, the Statera Balancer hack, since you merely give up access to your asset for a certain amount of time while still retaining ownership yourself. E.g. you could have granted the Balancer 3 months of access to your assets. Whereas, had your assets been stolen by a bad actor within this time-frame as it happend in the Statera/Balancer case, you would still have received all of your assets back after these 3 months passed. No assets would have been lost on your end. So this mechanism, patented by Fusion, adds additional security. (Their Ticketed Proof of Stake (TPoS) mechanism works the same way -- You never risk actually losing your tokens forever. https://www.youtube.com/watch?v=FX57OwpNNMA )(Also: You are also free to correct me in case this doesn't actually work with Balancer's mechanics.)
In general, the borrowing of the (front end; now to some point in the future) time-slice finds application in finance what bonds, futures, options, etc is concerned, again making fusion a great choice for DEFI. To again cite Qian:
"In today’s financial markets, institutions build financial instruments to extract time value from assets to meet market needs, such as bond, bank acceptance, futures, factorings… However, it is extremely expensive and inefficient. It takes days or even weeks to issue those financial instruments. Fusion innovated a way to extract time value from assets instantly, efficiently, costless in a fundamental and standard way. Anyone could build financial instruments by your own on fusion based on your assets. We call it “Time Lock” or “Time Slice”".
(If you're into this stuff, it's easy to just search for words such as "factoring" or "bank draft" or "clearing house" in the official Telegram channel https://t.me/FUSIONFoundation . Also in relationship to upcoming and borrowed FSN tokens, which can be combined to form whole FSN tokens.)
Another more concrete use-case would be, for example, the granting of access to a house's or car's digital lock without giving up direct ownership of these assets for a certain amount of time, after which said access will be returned to its owner. Additionally, it's also possible to resell parts of this access in case you no longer have any use for it. (E.g. if you license a software for 6 months, but suddenly decide to no longer have any use for it after a mere 2 months, you can resell the remaining 4 months that are left.)
Also worthy of mention might be some of the bigger Fusion-related DEFI (hype!) projects being built on the Fusion blockchain:
WeDefi, which aims to be, or allows for users to act as, a kind of decentralized bank; stream-lining lending/borrowing and other kinds of DEFI; will come as APP to the IOS and Play-Store for the Smartphone soon.
SMPCwallet. Will include DCRM dapps such as a multichain DEX, a multicustodial wallet, etc (fixing problems related to key exposure mentioned by Vitalik in an AMA linked later in this post)
Realio and YAD Capital issuing digitized assets to be tokenized on the FSN blockchain. Meaning securities, etc. Currently they're trying to raise a $5mm tokenized fund. (Also worth mentioning here is that SolidX, who have experience and SEC connections working on a Bitcoin ETF, are part of Fusion's DCRM Alliance)
And more. https://www.fusion.org/partnerships hovering over the links gives some input. xDLT is built on fusion, for instance, offering an interoperable form of etherscan. (To my understanding...)
And if you want to try out Fusion, you can sign up at WeDefi and play around with borrowed tokens and even earn full tokens by doing so. Take note, however, that only full tokens may be staked, should you plan to do so. ( https://www.wedefi.com/faq )
As for the FSN token value, it would appreciate simply by virtue of gas fees, staking, DCRM which can be licensed in exchange for 800k FSN, potential applications of time-locking relative to assets and the Fusion token (looking at safebet, for instance), etc... as Fusion is adopted. The staking ROI is currently at 23%. (I can't really make a prediction about the token's value development here, since the entire system and the potential applications really exceed my knowledge. And, being crypto, odds are that putting a price on it might be impossible for just about anyone.)
The best way of storing FSN is whallet, which can be used in conjunction with your Ledger's Ethereum app. (MyFusionWallet was experiencing synchronization problems the other day, but seems to be working perfectly fine again as of the time of this post.)
A relatively big negative point frequently mentioned by the community is the lack of marketing and the team losing its first-mover advantage, which is a concern the Fusion team has recently tried to address. As REN, for instance, which allows for but a portion of Fusion's use case such as an allegedly inferior version of DCRM and dark pools/clearing houses (and according to the Fusion community of course worse), has recently gone on a small bullrun of its own. Much to the chagrin of disillusioned Fusion bagholders. And I've personally also seen TrustSwap make an appearance, which appears to aim for the creation of a crosschain version of UniSwap much akin to AnySwap. (I'm not 100% sure about this, however.)
If you have any personal opinions, you are free to share them. Maybe you consider it obsolete in the future, especially if we do end up in a "one chain takes all" scenario? Alternatively you could be holding the belief that it can moon simply due to the #defi hype? Perhaps there's not enough marketing on the team's part? Or is FSN really under the radar, being ignored (and thus massively undervalued) for the time being only because the features offered by FSN are not yet fully appreciated in the still fledgling DEFI space, with ETH simply not being suitable for DEFI, and FSN suddenly making an appearance in the top 35 without anyone having noticed? Etc? Any disgruntled bagholders here who want to vent or add something I forgot? Now's your chance.
P.S.: All this is probably also a relatively superficial explaination that doesn't capture the project's value in a way people like Qian could explain it, especially what the use of time-slices (both front and back, and their combination), the long-term renting and valuation of front-slices, and the number of financial applications, is concerned... but I hope it serves as a good general overview, also what references to other DEFI projects is concerned. And it has taken off a bit recently, like many projects in this mini-bull run. So some people may no longer consider it low cap. But I'm still gonna post it so it doesn't go to waste. Lol. At the very least it might serve as general overview. That and the sub rules state "cryptos out of the top 100.")
Also disclaimer: I am holding a decently sized bag myself. (And I really hoped it wouldn't cross 70 cent so "soon," all things considered...)
An In-Depth Guide to: How do I Fix my Ledger Nano’s Stuck Ethereum Transaction?!?!?! (It’s Been Stuck for Weeks and NOTHING Traditional has Worked!!!!) As Well as: How Do I Choose My Nonce??? I’ve Tried MetaMask, MEW/MyEtherWallet, and Others, but Nothing is Working Correctly!!! I’m Dying by Stress!
So, if you were like me 1-2 months ago, you’ve probably already gone through 2,or 3, ...or 40 articles and guides that probably say something like: “YeP, eVeRy EtHeReUm UsEr WiLl EvEnTuAlLy HaVe ThE LoW-gAs ExPeRiEnCe, YoU’rE nOt AlOnE! DoN’t FrEaK OuT tHoUgH; ThErE iS a WaY tO fIx It!” Chances are, every time you read another useless article, you want to kill the nearest inanimate object, even though it was never alive in the first place. Nonetheless, you’re gonna kill it as much as it can be killed, holding nothing back; or, you’re just plotting to and slowly getting closer to executing the plan (and the object) every time you are insulted once again. However, if you have the ability to download software (MyCryptoWallet) on a PC, it should be safe to relax now. I think you’ve finally found some good news, because I am 99.99...% sure this will work for the issue that so many people are having at this time, around the end of the month of May, year 2020. More and more people are likely to be having this issue soon, since Ethereum's gas prices have been insanely high lately as well as having 300% price changes in a matter of minutes; Etherscan’s Gas tracker is nearly uselessly-inaccurate at this time. I've heard that there's a congestion attack; that was said a week ago, and it appears to be ongoing... (I can't think of any other suspect besides Justin Sun to blame it on... it must be incredibly expensive to overload the blockchain for this long... I may be wrong though...)
Let’s begin For myself, I was trying to send an ERC20 token when this dreadful issue attacked. Specifically, the token was either BSOV or GRT; I sent them 1 after the other and the first succeeded, and the second one took over a week. (They’re both great tokens in my opinion and deserve much more attention than they’ve been getting. BSOV is nearing its 1 year anniversary as I write this, and GRT is still in its 90 day community-development progress test, so of course I'm gonna take this opportunity to "shill" them; they are great tokens with great communities). I was able to finally fix it, after a week of mental agony (also the txn finally processed 1-2 hours before I found the solution, robbing me of the gratitude of fixing it myself... (╯‵□′)╯︵┻━┻ ...but now I guess I can hopefully save some of you the headaches that I endured... ) I’m providing the ability to do the same, in a step by step guide. Why did I go through all of this trouble? I'd fault the fact that I have ADHD and autism, which in my case can multiply each other’s intensity and cause me to “hyper-focus” on things, much much more than most with the same qualities, intentionally or not. Adderall is supposed to give me a bit of control over it, but except for in a very-generalized way, it’s still 90% up to chance and my default-capabilities to allow me control over my attention with self-willpower. But also Karma and Moons pls... ʘ‿ʘ
In MyCrypto, (I'm using the Windows 10 app, version 1.7.10) you will open to a screen that says "How would you like to access your wallet?". Choose Ledger, of course. (Unless your here for some non-ledger issue? Idk why you would be but ok.)
On the next screen (having your nano already plugged in, unlocked, and opened into the Ethereum app) click "Connect to Ledger Wallet"
A screen overlay should appear, titled: "Select an Address". Here is where it may get confusing for some users. Refer to "AAA" below to know how to find your account. (Geez, sorry lol that was a huge amount of info for a reddit reply; I might've over-elaborated a little bit too much. but hey it's valuable information nonetheless!)
After escaping the "AAA" section, you'll have accessed your account with MyCrypto. Awesome! To find your ERC20 tokens, (slight evil-laughter is heard from an unidentifiable origin somewhere in the back of your mind) go to "AAB".
(You may have decided to find the token(s) on your own, rather than daring to submit to my help again; if so, you may pity those who chose the other path... ~~(￣▽￣)~~) Now, once you've added your token, you should revert your attention to the account's transfer fill-out form!
I'll combine the steps you probably understood on your own, already. Put in the address that your stuck transaction is still trying to send currency to. If an ERC20 token is involved, use the drop-down menu to change "ETH" to the token in trouble. Input your amount into the box labeled... wait for it... "Amount". Click on "+Advanced".
Refer to Etherscan.com for the data you will need. Find the page for your "transaction(txn) hash/address" from the transaction history on the wallet/Ethereum-manager you used to send from. If that is unavailable, put your public address that your txn was sent from into the search tool and go to its info page; you should be able to find the pending txn there. Look to open the "more details" option to find the transaction's "Nonce" number.
Put the nonce in the "Nonce" box on MyCrypto; you will contest the pending txn with a new txn that offers larger gas fees, by using the same nonce. If (but most likely "When") the new transaction is processed first, for being more miner-beneficial, the nonce will then be completed, and the old transaction will be dropped because it requests an invalid, now-outdated nonce. Your account will soon be usable!
Go to the Gas Tracker, and it may or may not provide an informative reading. Choose whatever amount you think is best, but choose wisely; if you're too stingy it may get stuck again, and you'd need to pay another txn's gas to attempt another txn-fix.
At the time I write this, I'd recommend 50-100 gwei; to repeat myself, gas requirements are insane right now. To be safe, make the gas limit a little higher than MCW's automatic calculation, you may need to undo the check-mark for "Automatically Calculate Gas Limit".
Press "Send Transaction"!!!
You will need to validate the action through your nano. It will have you validate three different things if you are moving an ERC20 Token. It's a good idea to verify accuracy, as always.
Well, I hope this worked for you! If not, you can let me know in a reply and I'll try to figure it out with you. I like making these in-depth educational posts, so if you appreciate it please let me know; I'll probably make more posts like this in the future! ( Surely this is at least far better than Ledger's "Support" article where they basically just tell you "Yeah, we haven't bothered to make a way to manually select nonces. I guess we might try to make that available for Bitcoin accounts at some point in the future; who knows? lol"... that's not infuriating at all, right?)
AAA: Before I tell you how to find your address, I will first make it clear, within the italicized text, exactly which address you are looking for, if you are not already sure: You may also skip the text written in italics if your issue does not include an ERC20 token, if you wish. Ledger Live can confuse some users with its interface. On LL, to manage an ERC20 token, you first must go to your Ethereum account and add the token. When you then click on the added token under "Tokens" below the graph chart for your account's ETH amount over time, the screen will then open a new screen, that looks just the same, except focused on the specific ERC20 token. To confuse users further, there is then an option to "Star account", which then add the ETH icon with the ERC20 token's first letter or symbol overlapping, onto the easy access sidebar, as if it was another account of similar independency to the ETH account it was added to. This improperly displays the two "accounts" relation to each other. Your ERC20 holdings (at least for any and all ERC20 that I know of) are "held" in the exact-same address as the Ethereum address it was added to, which also "holds" any Ether you've added to it. You send both Ether (ETH) and any ERC20 Tokens to and from only Ethereum addresses of equivalent capabilities, in both qualities and quantities. In all basic terms and uses, they are the same. So, to know what the problematic account's address is, find the address of the Ethereum account it was added to in Ledger Live. Now, to find your address on MyCrypto, the most reliable way to find it, that I am aware of, is this: Open Ledger Live. Go to the screen of your Ethereum address (again, this is the one that you added your ERC20 token, if applicable. If you're not dealing with an ERC20 token, you may ignore everything I've put in Italics). Click on "Edit account"; this is the icon next to the star that may look like a hex-wrench tool. On the new screen-overlay, you will see "> ADVANCED LOGS". Click on the ">" and it will point down while revealing a drop-down with some data that you may or may not recognize/understand. Likely to be found indented and in the middle-ish area, you will see this line, or something hopefully similar: "freshAddressPath": "44'/60'/X'/0/0", The "X" will probably be the only thing that changes, and the actual data will have a number in its place; it will not be a letter. Let's now put that line to use in MyCrypto: Take the 44'/60'/X'/0/0 , and make sure you DO NOT copy the quotation marks, or that comma at the end either. You can do this before or after copying and/or pasting, but drop the second "/0" at the end; it was not necessary in my case, I expect that you won't need it either, and will probably just make MyCrypto see it as an invalid input. Okay, now go back to the "Select an Address" screen-overlay in MyCrypto. Next to "Addresses", click on the box on the right, and you should be shown a list of options to select from in a drop-down menu. Scroll all the way down, and you should find the "Custom" option at the very bottom. Select it. A new box will appear; probably directly to the right of the now-shortened box that now displays the "Custom" option that you just selected. This box will offer an interface for typed input. ...yep... once again, believe it or not, you should click it. Type " m/ ", no spaces before or after. Type in or paste the data we retrieved from ledger live. The box should now hold this: m/44'/60'/X'/0 Again, X should be a number. In fact, that number is probably equal to the number of Ethereum (not including any ERC20 wannabe) accounts that you've made on Ledger Live before making the one we're working on right now! (1st Eth. Acc. would have: X = 0, 2nd: X = 1, 3rd: X = 2, ...) Make sure you've included every apostrophe ( ' ), and solidus ( / ); there is NO APOSTROPHE for the "m" at the start and the "/0" at the end! If you press the enter key or click on the check-mark to the right of where you typed, the appropriate addresses will be generated, and the address you created through Ledger Live should be the first one on the list! Select your address and press "Unlock", and you are now accessing your account through the MyCrypto app's interface!
AAB: In order to access your ERC20 token, you will need to add them first. You may have to scroll down, but on the right-side of your unlocked account screen, you'll see a box with "Token Balances" as its header. Click "Scan for tokens". This may take a short bit of time, and when it's done it may or may not display your ERC20 token. If it worked, you can head on back to the main part. If you got the result I did, it won't display your token, or, if our result was exactly the same, it won't display any at all. However, you should now have the "Add Custom Token" option available, so see where that takes you. You should discover four boxes, specified in order (Address/ Decimals / Token_Symbol / Balance). You may only need to fill in the "Address" box, but if you need to fill others, you'll find those with the token's address; here's 2 ways to find it, if you don't already know. Method I: Since you've probably already been managing your token with Ledger Live, you can go to the LL screen of your "account" for that token; Right next to the account's icon, and directly above the name, you'll see: Contract: 0x??????...???????? Yes, go on; click it. You'll find the token's page on Etherscan; this was just a shortcut to the same place that both of the two previously referenced methods lead to. Skip to method... III? Method II: Go toEtherscan.com, or a similar Ethereum-blockchain-monitoring website, if you have a different preference. Search for the name of your token, and you should be able to see it as a search result. Activate your search manually of by selecting search option. Continue on with Method III. Method III (I&II; what makes you think there was a third method? I said 2!): At this point, you should find the "contract address" somewhere on the screen. This is the identity of the creature that breathes life into the token, allowing it to exist within the world of Ethereum. Steal it, and tell MyCrypto that you've left some of "your" tokens in the address of your ledger's Ethereum account. MyCrypto will trust and believe you without any concern or doubt, just by putting "your" contract address in the box for "Address"; it's almost too easy! Well whaddya know, this one isn't actually too long! Don't tell anyone who may have taken a little longer whilst finding out how to do it themselves, though. There's value in trying to do something on your own, at least at first, so I'll let them think they made the right choice (¬‿¬). But take this star for humbling yourself enough to seek further help when you need it, since that is a very important life skill as well! (o゜▽゜)o☆ Now, back to the useful stuff at the top...
EDIT: A comment below made me realize that this info should be added too. Here is my reply to the comment saying I could just use MetaMask. I said in the title that this guide is for questions where MEW and MetaMask aren’t working, but I guess it’s easy to miss. I used my u/caddark account to respond: (Using this account because u/caddarkcrypto doesn’t meet the karma/age standards to comment; the post had to be manually approved.) I guess I didn’t make it entirely clear; sorry: The target audience for this guide is anyone with a stuck Ethereum transaction that was initiated through Ledger Live AND are experiencing the same difficulties I had encountered while trying to fix this issue for myself. This wasn’t any regular stuck Ethereum transaction. Apparently before, there was an issue that made a Ledger Nano nearly impossible to connect to MetaMask (which is also Brave Browser’s integrated “crypto wallet” for the desktop version) and/or MEW (also perhaps any other browser wallets made for chrome and/or brave) that I heard was supposed to be fixed in a recent update. It might’ve been mostly patched, idk, but during my experience, (in which I was using the latest version of Ledger Live that is available right now,) that issue still remained. The really weird part was that it successfully connected to the browser wallets again after I fixed the stuck transaction. At first I thought that somehow the txn was what was bugging the connection. However, later, during no txn issues, I was again unable to connect. Seeing the same connection error again later, I opened up the MCW app I downloaded the day before, and was going to just use that. While in the process of operating MCW, I suddenly had another idea to try for the browser wallet so I went back to that just to quickly test it. The browser wallet worked perfectly... I don’t know how, but I think that somehow, something in MCW’s software, makes the browser wallets work. They don’t work for me without having MCW opened in the background first. EDIT 2: Markdown decided to stop working after I did the first edit... I might fix it tomorrow... how did that happen though??? What did I do? EDIT 3: nvm, I'm just fixing it now; I won't get much sleep tonight I guess.
Revisiting the question: Degrees in Crypto/Blockchain? (Nontechnical/ Economics Side)
I ALREADY know someone will say to "do it yourself", and I get the sentiment, but am primarily getting for employers - not for myself. Personally I want to have a masters as well - as I feel my economics degree is not enough. Basically I want to focus on the nontechnical side of cryptocurrency - so applications of blockchain, Fintech, token economics, economic policy even. (I do want to learn some coding though, so if there's a bootcamp you recommend that takes beginners to know Solidity, C++, etc. PLEASE LMK) I know Bitcoin is inherently a cryptographic application and it's pretty technical so I'll likely have to learn a little bit, but economics is where my interest lies. There's a few degrees out there and I've honestly only taken a look at two:
The reasoning behind the first one is simply the speakers there, namely Andreas. Reasoning behind the second is a bit more deep: - I've been studying Korean for a while now, so I think it's best to play to strengths. - I'm bullish on Korea. I see Korea becoming a hub for crypto - just see what they're doing with Moon's Digital New Deal plans. Again, I know the view on academic degrees in the community is not good but EVENTUALLY there will be a need for academia in Bitcoin - so please look past that stigma if you can Thanks in advance!
Alllo, I know I'm new here when it comes to posting but have been a long time lurker and have owned Sia coin in some form or another since 2017. Sia in my opinion is the coin that is most ready to go in crypto with a genuine use case. Bitcoin is great for anonymous (close enough) transactions, Etherium is a pleasure to use, Chainlink appears to be the defacto standard for acting as a gateway between currencies and out of the storage coins I've always kept an eye on Sia, IPFS and MaidSafeCoin. I am by far an expert on any of this but feel like I could contribute in ways that I think I would like to use Sia for (actually why I bought about a grand worth the other week). I build websites and applications on top of PHP, WordPress and Python mainly and am not an expert programmer but I get projects done. If I were able to easily use Sia as storage for my WordPress sites I would be over the moon but at this stage it looks like IPFS is further along. Thankfully the protocol is quite similar so I should be able to fork, modify and maintain an already existing plugin. I noticed there is a repository for Nextcloud on GitLab (I didn't know that existed until just then actually). This is another plugin, that if done well could have a HUGE impact on getting actual users into Sia. If users are able to easily buy Sia coin (at the moment it is way too hard for the average user, this goes for pretty much any cryptocurrency) and set it up without having to touch code or understand asynchronous cryptography we're on a winner. WordPress and Nextcloud are both sleeping giants when it comes to businesses with less than 100-500 employees and they both come with a huge community backing so development on top of them shouldn't have to suck resources to maintain them as well as the plugins. Are there already any groups that work on stuff like this? I know there is the Discord, which I'll join shortly but please reach out if you agree with my post, would like to add any input or simply feel like roasting me. Cheers EDIT: Just found this post that might be a good starting point for me. https://www.reddit.com/siacoin/comments/gtvzqb/im_in_love_with_the_skynet_project_i_did_a_simple/ EDIT: I'd also like to volunteer my time to anything website or social media related. I noticed it looks like the Facebook page has been abandoned a long time ago.
The office are having their first zoom call during lockdown. Michael has shared the password and details with all of his contacts, causing shenanigans and all sorts of fun. Michael : " Helloooooo......... Is there anybody out there......... Hello, hello, hello....... Echooioooooo..." Pam: " Michael there's a lot of feedback from your end, where are you? My ears are ringing". Phyllis drops off call. Michael: " I'm.... In my kitchen... (sound of toilet flushing in background, piercing feedback sounds) Pam:" Michael... Are you sitting on the toilet? " Michael:" No, that was my sink!... It flushes." (sounds of trousers being pulled up) Phyllis joins the call again, cannot figure out how to switch on sound so nobody can hear her. Kevin: " Hello, is there Anybody THERE!? " Jim:" we can hear you buddy, no need to scream. " Michael:" Oh look, Stanley is in the waiting room. Crewdog819, I like his username, very black!" Crewdog819 joins call. Michael: "Hey Stanley!" Crewdog819: "muffled, repetitive fapping sounds" Angela: " That sounds like the noise Mr sprinkles used to make when he would see the neighbours cat lola." Michael: " Stanley, put your video on so we can see you?" Pam: "Ewwwwwww, Michael kick him off the call, that's not Stanley!" Michael: "What is that? it's like a pink vegetable with goo on it." Dwight: "I can confirm that it is an excitable penis. Do not be alarmed, everybody has seen a penis in this condition." Pam: " I don't want to see an excitable penis!!!!!" Dwight: " Come on Pam, you're an adult female, you've at least seen two male members in a state of arousal!" Angela:" This is revolting, I am leaving. " Angela leaves call. Michael:" Stanley, please stop doing that. We do not wish... To view that. " Dwight: "I can confirm that's not Stanley's, the penis belongs to a Caucasian male, I am taking screenshots to forward on to the police." Jim: " for the police, of course." Dwight: " This zoom has been compromised. On my count of 3, everybody leave the call! 1!" Everybody leaves call bar Dwight and Phyllis. Dwight:" 2, 3, leave now!!!! " Dwight drops off the call. Phyllis gets her sound working Phyllis:" Helloooo? Can anybody hear me?.. " Crewdog189:" muffled fapping noises intensify." Michael talking head. Michael: " So on our first zoom call, a man, impersonating Stanley.... Appeared on screen, furiously masturbating . Or blowing the horn if you will... " snickers. But, that was unexpected for a zoom work call.... nobody expected to see an erect, excited penis on a zoom call, so people are upset. Now, if it had been a beautiful woman doing that... Maybe a famous actress, Jennifer Aniston perhaps, I think we all would have been happier. I know I, would have been happier.....But people are upset, and now people don't want to use zoom, and somebody went crying to corporate, and now nobody will zoom me. In case they see another penis! " Jim talking head Jim:" We were actually using something else before zoom, zoyke, it's called.... Oh you haven't heard of it?? Really?? You haven't heard of zoyke?... I thought everyone knew what Zoyke was.... Well, for the uninitiated, Zoyke is chat hub platform, essentially the exact same as zoom, except you have to link in via the dark Web. I know, like genius, right? So Dwight had us all using this untested, and legally grey knock off of zoom because he wouldn't use zoom, because I convinced him China were using it to spy on us. It was fun, learning how to use the darkweb in order to access a work call.... Until the fbi raided the meeting and logged all our ips, thinking we were selling drugs, or child porn...... " Dwight:" I use Zoyke for all my communication, mail, semaphore, sos, a-mail, ymail, telegraph, fax. Its convenient for selling extra unrooted beets and old soil at a discount price which you just can't get rid of at a farmers market. There are guys on the dark Web that will pay quite a lot of bitcoin for my old soil. China are trying to spy on me, but I am always eighty steps ahead of them. I don't have Facebook, twitter, Instagram, or bebo, I am a social media ghost, take that China!" Cut to scene of Toby and Michael having a zoom call about the incident on zoom earlier that day. Michael:" It was just a penis Toby! It's a sexual thing, which we all know, because we are all adults, I don't understand why you are making such a big deal out of the penis!" Toby: "Michael, this is a serious issue.... I have to file a report with corporate..." Michael: "Oh seriously!? You're such a wet towel Toby. It was a big, oozing penis, nobody died!" Toby: "It's not just the penis Michael... There was Zoyke.... An fbi agent showed up at my house...." Michael: "That's because you are a child molester, Tony, and I reported you! And zoyke was Dwight, I did not sanction that". Toby: faltering tone, " Michael.... I've gotten complaints, I'll have to report this to corporate...and have you considered the fact that this most likely would have had to have been an employee." Michael:" Well, we don't kow that...." Toby:" Michael, did you share the details of the zoom call with anybody outside of the company? " Michael:" Look Toby, it's called zoom bombing, it's a harmless, hilarious prank, which everybody does, kind of like leaving a burning turd on someone's doorstep... Except you're leaving it on their computer, while they are in work, at home. It's a prank, it's fun, but you wouldnt understand, because you were brought into this world to suck fun out of fun things, like a sad clown, vampire." Toby:" Michael, corporate will want to determine if this was an employee. This is a fireable offence. We need to look into this. " Michael:" Well, when people come crying to me saying 'hey Michael, why can't we have fun zoom parties anymore,' I'll say, because Toby had all the fun taken away by corporate, because he's Dracula, and he eats fun for breakfast! " Toby:" Michael, seeing a penis without wanting or expecting to in a work environment is not fun for people... " Michael:" Speak for yourself Toby...... " Baffled silence while Michael seethes and then ends call. Cuts to scene of Michael receiving a zoom invite from Packer. Packer:" What's up nerd!!! " Michael:" whoahhh, hey packman!!!" Packer:" Check this out, Michael, haha! " Michael:" Whoah, heyyyyy, oh my gawd, packer! You... Is that your butt..." Michael laughing hysterically. Packer: " I'm mooning you Scott, bet you like that man ass in your face" Michael:" put that away, packer..... I can't.... Oooohhhh you got me...." Packer: " You've been bombed!!! " Michael: "I can't.... That's genius..." still laughing goofily. Packer: "Hey, did you like my creamy surprise the other day? Boy were those gals upset, thought halpert was gonna pee his panties". Michael: "That was you?...." laughing falters. Packer: "Crewdog189!!!" Michael: "BRILLIANT! Old school Packer!" Packer: "I was a bit drunk that day.... And I was wondering how many people actually saw it...?" Michael: laughing hesitantly... "what?" Packer: "You see, I woke up after and I was still going. How many people saw it exactly?" Michael: bursts out laughing, "everyone!" Prolonged silence. Michael: " Packer?" Packer: "shiiiiitttt!" Packer leaves call. (part 2) Packer talking head Packer: " I haven't done anything like that in a while. There's actually a court order that says I can't have a computer. I'm in recovery, been trying to avoid the whiskey, but lockdowns been tough. I really hope corporate doesn't find out. I don't want them seeing my dick again. " Meredith talking head. Meredith:" Knew it was packer the moment I saw the tip. Mushroom dick. " smirks at camera. Cuts to scene of David Wallace calling Michael. Michael:" Good morning Vietnam!!!!... I mean David wallace". Silence. David wallace: " Its not a good morning Michael. I have a hr report from Toby sitting in front of me about a zoom call you hosted... Wanna tell me a little about that." Michael: "Ah yes, the penis!!!" Awkard silence. Michael : "I have heard tell.... That a male sex organ made a mysterious appearance on our work zoom call." David: "Okay.... And do we know yet which employee it belongs to?" Michael: "I have yet to do any examinations.... But I can safely say it was not Stanley's penis ". David: " Michael, let's not make this hard." Michael: "That's what she said." David: sighs under breath. " Michael, you need to assist Toby with this investigation. Our IT guys will have to check over everybody's hardrives, you will have inform all of your staff of that. And we will now have to comply with a criminal investigation from the federal bureau due to a application called zoyke.... Michael? " Michael:" That was all Dwight, I wanted to use zoom, but then he told me that China are using it to learn English and take over the world economy, and I was afraid, for our privacy." David:" Michael, I want no more nonsense, you hear me? You really need to smarten up, the board of directors are asking me why an fbi team had to come into corporate asking about the dark Web. I really can have no more Michael. Or you're done. " Michael: " I swear, we will be nonsense free from here on out. And penis free." David:" Are you finished? " Michael:" That's what she said. " Silence on other end, faint sounds of David cursing under his breath. Jim talking head. Jim:" So we found out today that packer has been suspended pending an investigation. It seems that he was Crewdog189, and that he was finally caught after bombing a senior management call, and a high school net ball team call. Doesn't surprise me too much.... But then it's hard to be surprised after ending up on an fbi watch list because of Dwight. " Angela talking head. Angela:" I'm glad that they found the owner.... And that they were brought to justice. We don't all need to see pornography everywhere we go. We're not all like Pam and Jim. " Dwight talking head Dwight:" I can confirm that there would have been no penises if we had stuck with zoyke. Admittedly, I accidentally ended up in a chatroom with a nuclear arms dealer the other night while taking a wrong turn on the silicon trail. Wasn't interested in my old soil, but he was intrigued by the beats." Michael talking head: Michael :" In the right circumstances, a man's penis, can be the most beautiful thing a woman will ever see... But sometimes, when in the wrong circumstances.... It is ugly, and disgusting, and looks like a deformed slug.... But it is still anatomy, it is still human. Packer showed us his humanity, and for that, he was burned. When I now see a penis, in that context, I know, that while it may be hilarious, it is not socially acceptable. And for that, I thank Todd Packer. " Cuts to scene of Phyllis receiving details of a zoom invite. Joins-the host is pacman92. Phyllis:" Hello? Can anybody hear me? I can't see or hear anybody. " Muffled fapping noises audible Phyllis:" Hello? Who's there? " Cuts to credits.
I think I have the basic bitcoin slang down but I also want to know what bitcoin has to say about it so help a brother out: -BITCOIN = Bitcoin crypto currency, but can also be used to refer to crypto currency in general -ALTCOIN = Alternative bitcoins. Coins that arent BTC or ETH and usually based on Ethereum -SHITCOIN = Name that people who dislike altcoins use. I've also seen people who hate Bitcoin and crypto currency in general use it to describe ALL cryto currency -FOMO = Fear Of Missing Out which can lead to making bad decisions about buying and selling crypto -HODL = Passionate drunkpost version of "hold" meaning you are not selling or trading your bitcoin -MOON = Where I'm told you want the value price of your bitcoin to go to -BULL = Pushing up. Expecting market to rise -BEAR = Pushing down. Expecting market to fall -WHALE = An account with an unusually large amount on the blockchain that people usually get nervous about -ETHEREUM = The future of the internet 😏 or at least that's what they tell me. Used to fuel dapps -DAPPS = Decentralized APPlications. They usually seem to be a work in progress or half finished -GAS = computational transaction fees -DEX = Decentralized EXchange for buying, cashing out, and trading crypto currency -SIGN = When a blockchain transaction prompts you for authorization
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🌴Offshore Paradise, Monaco, legalizes security tokens The Principality of Monaco, a popular haven for very wealthy people, has begun endorsing fundraising efforts with security tokens, expanding the adoption of Crypto. 📈Messari: BTC will cost $ 50,000 if institutions invest 1% Messari analyst Ryan Watkins estimates that the price of bitcoin (BTC) will exceed $ 50,000 if such institutional investors allocate only 1% of the assets to buy it. 🦹Data from millions of Telegram users flowed into the darknet Telegram's built-in contact import feature was used to steal the personal data of millions of users who are now for sale on the darknet. 🦁MLGC future plans. Our team worked hard to became a one of the best Polish loan provider firm. With our great expansion to blockchain markets we want to exposure our business to international areas, we already have presence on EU and Asian markets and with our application we will increase stats and fly to the moon with MLGC again! #gofurther MLGC.io https://preview.redd.it/7j2xcwzyv8751.jpg?width=1280&format=pjpg&auto=webp&s=b9d1a9a6462d3c23b4a5c7de489871977fb1c5f6
WHAT price can keep increaed in one year, and it' s a safe bet, will not fall to the opening price. Profits will be guranteed.
The liquidity of WGRT is very limited (2) billion issued WGRT, liquidity is less than 10%).
The WaykiChain team is a team focused on blockchain industry and aims to develop infrastructure and landing applications. 4.WaykiChain has established a good consensus in China with its strong marketing capabilities and increasingly solid business fundamentals.
The system will repurchase WGRT from the market, and destroy to balance the CDP system, so in long-term, WGRT is deflation token.
WHAT is the new token in market. WaykiChain team have highly- control on the market value, the price are bound to rise.
WHAT is IEO based project, and it is a non-lose deal. The opening price of WGRT can be increased 4 times.
When ETH is in steep fall, WGRT' s price is very steady.
Altcoin is easy to earning in short period compared with cryptocurrency like Bitcoin. With inI month the total direct profits can be tenfold. 10.WaykiChain is already listed in many global top-tier exchanges like Huobi Global, Bittrex Global, bithumb, Aex, Gate. io etc.
Using DPoS + pBFT consensus mechanism, it can process 3300 transactions per second, which has distinct advantages among mainstream public chains;
In March 12nd, when the Bitcoin and ETH extreme price plunge, compared with MakerDao, WaykiChain is strong enough to hold the huge market fluctuate that with 0 bad debt.
https://preview.redd.it/fn70h29ikz451.jpg?width=1280&format=pjpg&auto=webp&s=eab0e4fb90b292379fc80554e3ecef6b60a3f53e As new users go deeper into the crypto industry, a lot of them will surely encounter a lot of never-heard jargon and phrases that describe that day-to-day crypto processes and transactions. Since we’ve introduced the basic cryptocurrency terminologies on our previous blog post, now the Swipe team lists down the words and phrases that will help readers further along the way to understand the crypto industry. Address — consists of 26 to 35 alphanumeric characters that serve as an account number or ID where people can receive and send digital currencies. There are different addresses per cryptocurrency, your Bitcoin address and Ethereum address are different from one another. Block Reward — is the reward (in a form of crypto) earned by people who maintain the blockchain Bounty — is a reward given to a person in relation to a certain accomplished task or work Custody — the act of holding assets (cryptocurrency) on behalf of a user or client. Check our blog about custodial and non-custodial wallets here:https://sw.pe/blogcustodialnoncustodial Decentralized Application — or DApp is a technology or application controlled by a network of computers rather than of a central authority Decentralized Autonomous Organization — or DAO refers to an organization regulated and controlled by shareholders and not influenced by any central authority Decentralized Finance — or DeFi is a decentralized monetary system or financial applications built on blockchain DYOR — or Do Your Own Research. An important piece of advice given to users before investing in a coin or token ERC-20 — ERC stands for “Ethereum Request for Comments.” ERC-20 is the technical standard used to create a token for all smart contracts on the Ethereum Blockchain. ERC-20 tokens are hosted and created on the Ethereum blockchain FUD — or Fear, Uncertainty, and Doubt. A strategy where information is disseminated within the community to create a feeling of fear, uncertainty, and doubt on a certain project FUDster — a person or group who spreads FUD Fork — is an event wherein a blockchain splits into two separate chains or branches. It can be due to software changes or a result of a change in consensus algorithm Gas — refers to the transaction fees paid to calculate the costs of transactions in the Ethereum blockchain Hash — is an output created using an algorithm needed in the blockchain management Hash ID — is a string of characters given as proof to every verified transaction in the blockchain Hash Rate — refers to the speed at which a computer can calculate hashes HODL — at typo for the word “hold” that eventually evolved to Hold On for Dear Life. This is an act of buying cryptocurrencies without the intention of selling it even if the price fluctuates Moon — an action where the price of a cryptocurrency is experiencing a significant increase in prices Off-chain — a transaction that is not reported in the blockchain that may be recorded later Proof of Work — or PoW. A process of consensus algorithm to avoid the possibility of double-spending Proof of Stake — or PoS. A consensus algorithm wherein the blockchain validators are paid or rewarded base on the amount of cryptocurrency that they stake Satoshi — smallest unit of Bitcoin. One bitcoin is equivalent to 100 million satoshi Sharding — a process of dividing a large number of information into several groups. It breaks up a large number of information into smaller segments to improve the performance and be more manageable Smart Contracts — agreements or contracts that are automatically activated as long as the conditions are met Stablecoin — a type of cryptocurrency designed to maintain its value which is backed up by reserve asset Trustless — is an act of not requiring other parties to trust one another to secure smooth transactions as all authorization doesn’t have a central authority and are all consensus. Volatility — measurement on how the price of an asset can change quickly Volume — the number of assets traded, bought or sold over a period of time Wei — smallest denomination of Ether (ETH) Whale — a person or a group who holds a significant amount of cryptocurrency enough to allow them to impact the market movement Whitelist — a list of allowed participants or crypto addresses that are proven to be trustworthy Now that we already defined the cryptocurrency terms and phrases, it will be easier for new and existing users to understand the topics being discussed within the crypto community. If you need to brush up your knowledge with these terms, don’t forget to visit this page andpart 1 of our glossary of terms. --- This blog is also posted athttps://sw.pe/blogcryptoterms2
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