Bitcoin is Antifragile - Unchained Capital

World Crypto Network - BITCOIN BULLISH? More Investors Are Holding Bitcoin Ahead of the Halving, Data Suggests - CoinDesk

World Crypto Network - BITCOIN BULLISH? More Investors Are Holding Bitcoin Ahead of the Halving, Data Suggests - CoinDesk submitted by Yanlii to cryptovideos [link] [comments]

World Crypto Network - BITCOIN HEADLINES: More Investors Are Holding Bitcoin Ahead of the Halving, Data Suggests

World Crypto Network - BITCOIN HEADLINES: More Investors Are Holding Bitcoin Ahead of the Halving, Data Suggests submitted by Yanlii to cryptovideos [link] [comments]

BITCOIN HOLDING $10,000 Or Crashing Down?! | Lightning Network | World Debt Vs. BTC

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BITCOIN HOLDING $10,000 Or Crashing Down?! | Lightning Network | World Debt Vs. BTC

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Technical: The Path to Taproot Activation

Taproot! Everybody wants to have it, somebody wants to make it, nobody knows how to get it!
(If you are asking why everybody wants it, see: Technical: Taproot: Why Activate?)
(Pedants: I mostly elide over lockin times)
Briefly, Taproot is that neat new thing that gets us:
So yes, let's activate taproot!

The SegWit Wars

The biggest problem with activating Taproot is PTSD from the previous softfork, SegWit. Pieter Wuille, one of the authors of the current Taproot proposal, has consistently held the position that he will not discuss activation, and will accept whatever activation process is imposed on Taproot. Other developers have expressed similar opinions.
So what happened with SegWit activation that was so traumatic? SegWit used the BIP9 activation method. Let's dive into BIP9!

BIP9 Miner-Activated Soft Fork

Basically, BIP9 has a bunch of parameters:
Now there are other parameters (name, starttime) but they are not anywhere near as important as the above two.
A number that is not a parameter, is 95%. Basically, activation of a BIP9 softfork is considered as actually succeeding if at least 95% of blocks in the last 2 weeks had the specified bit in the nVersion set. If less than 95% had this bit set before the timeout, then the upgrade fails and never goes into the network. This is not a parameter: it is a constant defined by BIP9, and developers using BIP9 activation cannot change this.
So, first some simple questions and their answers:

The Great Battles of the SegWit Wars

SegWit not only fixed transaction malleability, it also created a practical softforkable blocksize increase that also rebalanced weights so that the cost of spending a UTXO is about the same as the cost of creating UTXOs (and spending UTXOs is "better" since it limits the size of the UTXO set that every fullnode has to maintain).
So SegWit was written, the activation was decided to be BIP9, and then.... miner signalling stalled at below 75%.
Thus were the Great SegWit Wars started.

BIP9 Feature Hostage

If you are a miner with at least 5% global hashpower, you can hold a BIP9-activated softfork hostage.
You might even secretly want the softfork to actually push through. But you might want to extract concession from the users and the developers. Like removing the halvening. Or raising or even removing the block size caps (which helps larger miners more than smaller miners, making it easier to become a bigger fish that eats all the smaller fishes). Or whatever.
With BIP9, you can hold the softfork hostage. You just hold out and refuse to signal. You tell everyone you will signal, if and only if certain concessions are given to you.
This ability by miners to hold a feature hostage was enabled because of the miner-exit allowed by the timeout on BIP9. Prior to that, miners were considered little more than expendable security guards, paid for the risk they take to secure the network, but not special in the grand scheme of Bitcoin.

Covert ASICBoost

ASICBoost was a novel way of optimizing SHA256 mining, by taking advantage of the structure of the 80-byte header that is hashed in order to perform proof-of-work. The details of ASICBoost are out-of-scope here but you can read about it elsewhere
Here is a short summary of the two types of ASICBoost, relevant to the activation discussion.
Now, "overt" means "obvious", while "covert" means hidden. Overt ASICBoost is obvious because nVersion bits that are not currently in use for BIP9 activations are usually 0 by default, so setting those bits to 1 makes it obvious that you are doing something weird (namely, Overt ASICBoost). Covert ASICBoost is non-obvious because the order of transactions in a block are up to the miner anyway, so the miner rearranging the transactions in order to get lower power consumption is not going to be detected.
Unfortunately, while Overt ASICBoost was compatible with SegWit, Covert ASICBoost was not. This is because, pre-SegWit, only the block header Merkle tree committed to the transaction ordering. However, with SegWit, another Merkle tree exists, which commits to transaction ordering as well. Covert ASICBoost would require more computation to manipulate two Merkle trees, obviating the power benefits of Covert ASICBoost anyway.
Now, miners want to use ASICBoost (indeed, about 60->70% of current miners probably use the Overt ASICBoost nowadays; if you have a Bitcoin fullnode running you will see the logs with lots of "60 of last 100 blocks had unexpected versions" which is exactly what you would see with the nVersion manipulation that Overt ASICBoost does). But remember: ASICBoost was, at around the time, a novel improvement. Not all miners had ASICBoost hardware. Those who did, did not want it known that they had ASICBoost hardware, and wanted to do Covert ASICBoost!
But Covert ASICBoost is incompatible with SegWit, because SegWit actually has two Merkle trees of transaction data, and Covert ASICBoost works by fudging around with transaction ordering in a block, and recomputing two Merkle Trees is more expensive than recomputing just one (and loses the ASICBoost advantage).
Of course, those miners that wanted Covert ASICBoost did not want to openly admit that they had ASICBoost hardware, they wanted to keep their advantage secret because miners are strongly competitive in a very tight market. And doing ASICBoost Covertly was just the ticket, but they could not work post-SegWit.
Fortunately, due to the BIP9 activation process, they could hold SegWit hostage while covertly taking advantage of Covert ASICBoost!

UASF: BIP148 and BIP8

When the incompatibility between Covert ASICBoost and SegWit was realized, still, activation of SegWit stalled, and miners were still not openly claiming that ASICBoost was related to non-activation of SegWit.
Eventually, a new proposal was created: BIP148. With this rule, 3 months before the end of the SegWit timeout, nodes would reject blocks that did not signal SegWit. Thus, 3 months before SegWit timeout, BIP148 would force activation of SegWit.
This proposal was not accepted by Bitcoin Core, due to the shortening of the timeout (it effectively times out 3 months before the initial SegWit timeout). Instead, a fork of Bitcoin Core was created which added the patch to comply with BIP148. This was claimed as a User Activated Soft Fork, UASF, since users could freely download the alternate fork rather than sticking with the developers of Bitcoin Core.
Now, BIP148 effectively is just a BIP9 activation, except at its (earlier) timeout, the new rules would be activated anyway (instead of the BIP9-mandated behavior that the upgrade is cancelled at the end of the timeout).
BIP148 was actually inspired by the BIP8 proposal (the link here is a historical version; BIP8 has been updated recently, precisely in preparation for Taproot activation). BIP8 is basically BIP9, but at the end of timeout, the softfork is activated anyway rather than cancelled.
This removed the ability of miners to hold the softfork hostage. At best, they can delay the activation, but not stop it entirely by holding out as in BIP9.
Of course, this implies risk that not all miners have upgraded before activation, leading to possible losses for SPV users, as well as again re-pressuring miners to signal activation, possibly without the miners actually upgrading their software to properly impose the new softfork rules.

BIP91, SegWit2X, and The Aftermath

BIP148 inspired countermeasures, possibly from the Covert ASiCBoost miners, possibly from concerned users who wanted to offer concessions to miners. To this day, the common name for BIP148 - UASF - remains an emotionally-charged rallying cry for parts of the Bitcoin community.
One of these was SegWit2X. This was brokered in a deal between some Bitcoin personalities at a conference in New York, and thus part of the so-called "New York Agreement" or NYA, another emotionally-charged acronym.
The text of the NYA was basically:
  1. Set up a new activation threshold at 80% signalled at bit 4 (vs bit 1 for SegWit).
    • When this 80% signalling was reached, miners would require that bit 1 for SegWit be signalled to achive the 95% activation needed for SegWit.
  2. If the bit 4 signalling reached 80%, increase the block weight limit from the SegWit 4000000 to the SegWit2X 8000000, 6 months after bit 1 activation.
The first item above was coded in BIP91.
Unfortunately, if you read the BIP91, independently of NYA, you might come to the conclusion that BIP91 was only about lowering the threshold to 80%. In particular, BIP91 never mentions anything about the second point above, it never mentions that bit 4 80% threshold would also signal for a later hardfork increase in weight limit.
Because of this, even though there are claims that NYA (SegWit2X) reached 80% dominance, a close reading of BIP91 shows that the 80% dominance was only for SegWit activation, without necessarily a later 2x capacity hardfork (SegWit2X).
This ambiguity of bit 4 (NYA says it includes a 2x capacity hardfork, BIP91 says it does not) has continued to be a thorn in blocksize debates later. Economically speaking, Bitcoin futures between SegWit and SegWit2X showed strong economic dominance in favor of SegWit (SegWit2X futures were traded at a fraction in value of SegWit futures: I personally made a tidy but small amount of money betting against SegWit2X in the futures market), so suggesting that NYA achieved 80% dominance even in mining is laughable, but the NYA text that ties bit 4 to SegWit2X still exists.
Historically, BIP91 triggered which caused SegWit to activate before the BIP148 shorter timeout. BIP148 proponents continue to hold this day that it was the BIP148 shorter timeout and no-compromises-activate-on-August-1 that made miners flock to BIP91 as a face-saving tactic that actually removed the second clause of NYA. NYA supporters keep pointing to the bit 4 text in the NYA and the historical activation of BIP91 as a failed promise by Bitcoin developers.

Taproot Activation Proposals

There are two primary proposals I can see for Taproot activation:
  1. BIP8.
  2. Modern Softfork Activation.
We have discussed BIP8: roughly, it has bit and timeout, if 95% of miners signal bit it activates, at the end of timeout it activates. (EDIT: BIP8 has had recent updates: at the end of timeout it can now activate or fail. For the most part, in the below text "BIP8", means BIP8-and-activate-at-timeout, and "BIP9" means BIP8-and-fail-at-timeout)
So let's take a look at Modern Softfork Activation!

Modern Softfork Activation

This is a more complex activation method, composed of BIP9 and BIP8 as supcomponents.
  1. First have a 12-month BIP9 (fail at timeout).
  2. If the above fails to activate, have a 6-month discussion period during which users and developers and miners discuss whether to continue to step 3.
  3. Have a 24-month BIP8 (activate at timeout).
The total above is 42 months, if you are counting: 3.5 years worst-case activation.
The logic here is that if there are no problems, BIP9 will work just fine anyway. And if there are problems, the 6-month period should weed it out. Finally, miners cannot hold the feature hostage since the 24-month BIP8 period will exist anyway.

PSA: Being Resilient to Upgrades

Software is very birttle.
Anyone who has been using software for a long time has experienced something like this:
  1. You hear a new version of your favorite software has a nice new feature.
  2. Excited, you install the new version.
  3. You find that the new version has subtle incompatibilities with your current workflow.
  4. You are sad and downgrade to the older version.
  5. You find out that the new version has changed your files in incompatible ways that the old version cannot work with anymore.
  6. You tearfully reinstall the newer version and figure out how to get your lost productivity now that you have to adapt to a new workflow
If you are a technically-competent user, you might codify your workflow into a bunch of programs. And then you upgrade one of the external pieces of software you are using, and find that it has a subtle incompatibility with your current workflow which is based on a bunch of simple programs you wrote yourself. And if those simple programs are used as the basis of some important production system, you hve just screwed up because you upgraded software on an important production system.
And well, one of the issues with new softfork activation is that if not enough people (users and miners) upgrade to the newest Bitcoin software, the security of the new softfork rules are at risk.
Upgrading software of any kind is always a risk, and the more software you build on top of the software-being-upgraded, the greater you risk your tower of software collapsing while you change its foundations.
So if you have some complex Bitcoin-manipulating system with Bitcoin somewhere at the foundations, consider running two Bitcoin nodes:
  1. One is a "stable-version" Bitcoin node. Once it has synced, set it up to connect=x.x.x.x to the second node below (so that your ISP bandwidth is only spent on the second node). Use this node to run all your software: it's a stable version that you don't change for long periods of time. Enable txiindex, disable pruning, whatever your software needs.
  2. The other is an "always-up-to-date" Bitcoin Node. Keep its stoarge down with pruning (initially sync it off the "stable-version" node). You can't use blocksonly if your "stable-version" node needs to send transactions, but otherwise this "always-up-to-date" Bitcoin node can be kept as a low-resource node, so you can run both nodes in the same machine.
When a new Bitcoin version comes up, you just upgrade the "always-up-to-date" Bitcoin node. This protects you if a future softfork activates, you will only receive valid Bitcoin blocks and transactions. Since this node has nothing running on top of it, it is just a special peer of the "stable-version" node, any software incompatibilities with your system software do not exist.
Your "stable-version" Bitcoin node remains the same version until you are ready to actually upgrade this node and are prepared to rewrite most of the software you have running on top of it due to version compatibility problems.
When upgrading the "always-up-to-date", you can bring it down safely and then start it later. Your "stable-version" wil keep running, disconnected from the network, but otherwise still available for whatever queries. You do need some system to stop the "always-up-to-date" node if for any reason the "stable-version" goes down (otherwisee if the "always-up-to-date" advances its pruning window past what your "stable-version" has, the "stable-version" cannot sync afterwards), but if you are technically competent enough that you need to do this, you are technically competent enough to write such a trivial monitor program (EDIT: gmax notes you can adjust the pruning window by RPC commands to help with this as well).
This recommendation is from gmaxwell on IRC, by the way.
submitted by almkglor to Bitcoin [link] [comments]

I built a decentralized legal-binding smart contract system. I need peer reviewers and whitepaper proof readers. Help greatly appreciated!

I posted this on /cryptotechnology . It attracted quite a bit of upvotes but not many potential contributors. Someone mentioned I should try this sub. I read the rules and it seems to fit within them. Hope this kind of post is alright here...
EDIT: My mother language is french (I'm from Montreal/Canada). Please excuse any blatant grammatical errors.
TLDR: I built a decentralized legal-binding smart contract system. I need peer reviewers and whitepaper proof readers. If you're interested, send me an email to discuss: [email protected] . Thanks in advance!
Hi guys,
For the last few years, I've been working on a decentralized legal-binding contract system. Basically, I created a PoW blockchain software that can receive a hash as an address, and another hash as a bucket, in each transaction.
The address hash is used to tell a specific entity (application/contract/company/person, etc) that uses the blockchain that this transaction might be addressed to them. The bucket hash simply tells the nodes which hashtree of files they need to download in order to execute that contract.
The buckets are shared within the network of nodes. Someone could, for example, write a contract with a series of nodes in order to host their data for them. Buckets can hold any kind of data, and can be of any size... including encrypted data.
The blockchain's blocks are chained together using a mining system similar to bitcoin (hashcash algorithm). Each block contains transactions. The requested difficulty increases when the amount of transactions in a block increases, linearly. Then, when a block is mined properly, another smaller mining effort is requested to link the block to the network's head block.
To replace a block, you need to create another block with more transactions than the amount that were transacted in and after the mined block.
I expect current payment processors to begin accepting transactions and mine them for their customers and make money with fees, in parallel. Using such a mechanism, miners will need to have a lot of bandwidth available in order to keep downloading the blocks of other miners, just like the current payment processors.
The contracts is code written in our custom programming language. Their code is pushed using a transaction, and hosted in buckets. Like you can see, the contract's data are off-chain, only its bucket hash is on-chain. The contract can be used to listen to events that occurs on the blockchain, in any buckets hosted by nodes or on any website that can be crawled and parsed in the contract.
There is also an identity system and a vouching system...which enable the creation of soft-money (promise of future payment in hard money (our cryptocurrency) if a series of events arrive).
The contracts can also be compiled to a legal-binding framework and be potentially be used in court. The contracts currently compile to english and french only.
I also built a browser that contains a 3D viewport, using OpenGL. The browser contains a domain name system (DNS) in form of contracts. Anyone can buy a new domain by creating a transaction with a bucket that contains code to reserve a specific name. When a user request a domain name, it discovers the bucket that is attached to the domain, download that bucket and executes its scripts... which renders in the 3D viewport.
When people interact with an application, the application can create contracts on behalf of the user and send them to the blockchain via a transaction. This enables normal users (non-developers) to interact with others using legal contracts, by using a GUI software.
The hard money (cryptocurrency) is all pre-mined and will be sold to entities (people/company) that want to use the network. The hard money can be re-sold using the contract proposition system, for payment in cash or a bank transfer. The fiat funds will go to my company in order to create services that use this specific network of contracts. The goal is to use the funds to make the network grow and increase its demand in hard money. For now, we plan to create:
A logistic and transportation company
A delivery company
A company that buy and sell real estate options
A company that manage real estate
A software development company
A world-wide fiat money transfer company
A payment processor company
We chose these niche because our team has a lot of experience in these areas: we currently run companies in these fields. These niche also generate a lot of revenue and expenses, making the value of exchanges high. We expect this to drive volume in contracts, soft-money and hard-money exchanges.
We also plan to use the funds to create a venture capital fund that invests in startups that wants to create contracts on our network to execute a specific service in a specific niche.
I'm about to release the software open source very soon and begin executing our commercial activities on the network. Before launching, I'd like to open a discussion with the community regarding the details of how this software works and how it is explained in the whitepaper.
If you'd like to read the whitepaper and open a discussion with me regarding how things work, please send me an email at [email protected] .
If you have any comment, please comment below and Ill try to answer every question. Please note that before peer-reviewing the software and the whitepaper, I'd like to keep the specific details of the software private, but can discuss the general details. A release date will be given once my work has been peer reviewed.
Thanks all in advance!
P.S: This project is not a competition to bitcoin. My goal with this project is to enable companies to write contracts together, easily follow events that are executed in their contracts, understand what to expect from their partnership and what they need to give in order to receive their share of deals... and sell their contracts that they no longer need to other community members.
Bitcoin already has a network of people that uses it. It has its own value. In fact, I plan to create contracts on our network to exchange value from our network for bitcoin and vice-versa. Same for any commodity and currency that currently exits in this world.
submitted by steve-rodrigue to compsci [link] [comments]

Updated list of Global Beermoney opportunities (+180!) - June 2020

Updated list of Global Beermoney opportunities (+180!) - June 2020

Introduction

The current, and now previous, Beermoney Global list started nearly 5 years ago. It’s been updated and has grown over all that time, but it also became a hassle to keep current. It was time to build a new list from scratch based on my experience in the Beermoney world over all these years and all the contributions all of you have been making in this sub.
The lists consist of opportunities that are available in at least one country that is not the US. This means there are sites which only work in Canada or the UK. There’s sites which are open to the whole world, but this does not mean everyone can really earn something on it. It’s all still very demographic and therefore location dependent. This list should give you a starting point to try out and find what works for you. I’m not using everything myself as I prefer to focus on a few, so not all are tested by me. They are found in this sub, other subreddits and other resources where people claim to have success.
I’ve chosen the format of a simple table with the bare minimum of information to keep things clean. It includes a link, how you earn, personal payment proof if available and sign-up bonus codes if applicable. Some of these bonuses are also one-time use codes specifically made for this sub! For the ones I don’t have payment proof (yet) feel free to provide some as a comment or via modmail so others know it’s legit. I am working on detailed instructions for each method that I personally use which will include things like cashout minimum, cashout options, tips & tricks,... For now I’ve split things up based on the type of earning like passive or mobile. Because of this there’s sometimes an overlap as some are both passive and on mobile or both earning crypto and a GPT (Get Paid To) website.
The lists are obviously not complete so I invite you to keep posting new ones in the sub, as a comment to this post, or in modmail. Especially if you have sites or apps which work for one single specific country I can start building a list, just like I did for The Netherlands and Belgium. If you recognize things which are in fact scams or not worth it let me know as well.

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The Netherlands specific
For The Netherlands there are a few very good options next to a bunch of ‘spaarprogramma’s. There ‘spaarprogramma’s are all the same where you receive and click a bunch of e-mails, advertisements, banners,... I advise you to create a separate e-mail address or use a good filter in your inbox as you will be spammed to death. I believe they can be a nice piece of beermoney but they take quite the effort.
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submitted by Proim to beermoneyglobal [link] [comments]

Decentr ($DEC) - foundational cross-chain and cross-platform DeFi protocol

  1. SUMMARY
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”.
  1. KEY CONCEPTS

  1. REVENUE MODEL
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:
  1. 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.
  2. “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.
  3. 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.
  4. 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.
➡️Contract Address - 0x30f271C9E86D2B7d00a6376Cd96A1cFBD5F0b9b3
➡️Decimals - 18, Ticker - DEC
➡️Uniswap link: https://uniswap.info/pai0x3AEEE5bA053eF8406420DbC5801fC95eC57b0E0A
⭐️ HOW TO BUY VIDEO: https://www.youtube.com/watch?v=iloAiv2oCRc&feature=youtu.be
$DEC Token utility:
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.
  1. NOTABLE SUPPORTERS
Simon Dedic - chief of Blockfyre: https://twitter.com/scoinaldo/status/1283787644221218817?s=20https://twitter.com/scoinaldo/status/1283719917657894912?s=21
Spectre Group Pick : https://twitter.com/SPECTREGRP/status/1284761576873041920https://twitter.com/llluckyl/status/1283765481716015111?s=21
Patrons of the Moon/Lil Uzi: https://t.me/patronsofthemoon/6764
CryptoGems: https://twitter.com/cryptogems_com/status/1283719318379925506?s=09t
tehMoonwalker pick who is a TOP 5 influencer per Binance:https://twitter.com/tehMoonwalkestatus/1284123961996050432?s=20https://twitter.com/binance/status/1279049822113198080
Holochain was one of their earliest supporters and they share a deep connection (recently an AMA was conducted in their TG group): https://medium.com/@DecentrNet/decentr-holochain-ama-29d662caed03
  1. UPCOMING NEWS
--------------------------------------------
  1. RESOURCES:
Website: https://decentr.net
Telegram: https://t.me/DecentrNet
Medium: https://medium.com/@DecentrNet
Twitter: https://twitter.com/DecentrNet
Whitepaper: https://decentr.net/files/Decentr_Whitepaper_V1.4.pdf
Technical Whitepaper: https://decentr.net/files/Decentr_Technical_Whitepaper_Data_As_Economic_Currency.pdf
Recent Articles:
⚡️- https://medium.com/@DecentrNet/decentr-token-sale-metrics-and-distribution-483bb3c58d05
⚡️- https://medium.com/@DecentrNet/how-decentrs-defi-dloan-function-benefits-dec-holders-97ff64a0c105
⚡️- https://medium.com/@DecentrNet/3-vertical-revenue-streams-decentr-is-targeting-4fa1f3dd62de
⚡️- https://medium.com/@DecentrNet/brave-browser-the-good-the-bad-and-the-fundamentally-misguided-8a8593b0ff5b
⚡️- https://medium.com/@DecentrNet/how-decentrs-dfintech-replaces-swift-sct-inst-clearing-house-and-other-payment-solutions-78acacbb4c3f
Chad Gang STRONG Community: https://t.me/decentrtrading
Community News Channel: https://t.me/chadnews
Recent Uniswap trades: https://t.me/dectrades
Wallet holder tracker: https://t.me/DEC_WALLETS_COUNT
submitted by ldd999 to CryptoMoonShots [link] [comments]

The Unofficial Cardano FAQ - V3

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

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

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

PAMP Network(PAMP). BUY. HOLD. CLAIM REWARDS. PAMP is designed to punish sellers and reward buyers and sellers based on their staking/reward Mechanism. This will truly go Parabolic...!!!

What is PAMP Network?
PAMP is the worlds first price- reactive cryptocurrency on Ethereum, designed to encourage buyers and reward holders while penalizing sellers.
When the token price appreciates, token holders receive staking rewards based on several factors including the percentage price increase, how long they have been holding for and how many tokens they hold. Rewards are distributed on a daily basis!
If the token price does not appreciate, no rewards are minted. Sellers who move their tokens around have their stakes reset, negating any bonus rewards they may receive when the token appreciates in value.
In addition, PAMP is deflationary, meaning that all token transfers have between 1-3% of the transfer burned.
Holders are strongly incentivized to buy tokens and HODL for as long as possible, and are penalized for not doing so.
Additionally, being semi-deflationary, the Pamp Network embodies a similar value structure to Bitcoin and Ethereum 2.0 – the system has incentive structures built in that promote holding the token, thereby acting as a proper hedge against inflationary fiat currency.
Website:
https://pamp.network
Token Utility:
It's a price-reactive token, so token holders receive rewards when the price increases. When the price decreases, no tokens are rewarded. When you sell on Uniswap or transfer you pay an 8% fee that is burned (no fee on buys). We also have a liquidity staking program like AMPL where you receive PAMP tokens for staking Uniswap liquidity.
Uniswap Address To Buy:
https://uniswap.exchange/swap/0xf0fac7104aac544e4a7ce1a55adf2b5a25c65bd1
Uniswap Info Page:
https://uniswap.info/pai0x1c608235e6a946403f2a048a38550befe41e1b85
Token Economics:
Current Price: $.21
Circulating Supply: 1.5 million
Total Supply: 3 million
Marketcap: $315,000
Upcomming NEWS soon..!!
  1. New Staking Dashboard
  2. New Website
  3. Chainlink Oracle Integration next month 🚀
  4. Mobile/Staking Wallet in next 2 weeks
  5. New exchange listing in next couple of days/week...!!🚀
Website:
https://pamp.network
Coingecko:
https://www.coingecko.com/en/coins/pamp-network
Telegram:
https://t.me/pampnetwork
Twitter:
https://twitter.com/PampNetwork?s=21
Team: 5+ and growing
FYI: 50% of All Dev Tokens are locked for 2 years. Other 50% is for liquidity. Shows true commitement.
Liquidity Staking Program Link:
https://medium.com/@pampnetwork/liquidity-staking-program-and-second-otc-sale-live-796644bb0734
Regular Price- Reactive Staking:
https://medium.com/@pampnetwork/updates-staking-rewards-live-otc-liquidity-drive-996f09a14703
Buy and Hold PAMP Tokens
Purchase PAMP tokens on any exchange, such as Uniswap or IDEX*, and send them to your Metamask wallet.
Claim Your Stakes Every Day
When the latest prices have been updated, visit our website (https://pamp.network) and claim your staking rewards. Internally, this calls the smart contract function that determines how much you are owed based on the price change and other factors such as how long you have been holding for.
Grow Your Portfolio Infinitely
As long as you HODL and claim your stakes every positive day, the price will inevitably appreciate and so will your portfolio! It’s as simple as that. HODLers are incentivized to keep HODLing, and sellers pay high fees and lose future staking rewards when they don’t HODL.
submitted by Jsacjsh2000 to CryptoMoonShots [link] [comments]

I built a decentralized legal-binding smart contract system. I need peer reviewers and whitepaper proof readers. Help greatly appreciated!

I originally posted this on /cryptocurrency. I just thought you guys might be able to help as well so I posted it as well. I didn't link to the original post because the bot here keeps deleting my post, even if I use the np link. Hope that's ok...
EDIT: My mother language is french (I'm from Montreal/Canada). Please excuse any blatant grammatical errors.
TLDR: I built a decentralized legal-binding smart contract system. I need peer reviewers and whitepaper proof readers. If you're interested, send me an email to discuss: [[email protected]](mailto:[email protected]) . Thanks in advance!
Hi guys,
For the last few years, I've been working on a decentralized legal-binding contract system. Basically, I created a PoW blockchain software that can receive a hash as an address, and another hash as a bucket, in each transaction.
The address hash is used to tell a specific entity (application/contract/company/person, etc) that uses the blockchain that this transaction might be addressed to them. The bucket hash simply tells the nodes which hashtree of files they need to download in order to execute that contract.
The buckets are shared within the network of nodes. Someone could, for example, write a contract with a series of nodes in order to host their data for them. Buckets can hold any kind of data, and can be of any size... including encrypted data.
The blockchain's blocks are chained together using a mining system similar to bitcoin (hashcash algorithm). Each block contains transactions. The requested difficulty increases when the amount of transactions in a block increases, linearly. Then, when a block is mined properly, another smaller mining effort is requested to link the block to the network's head block.
To replace a block, you need to create another block with more transactions than the amount that were transacted in and after the mined block.
I expect current payment processors to begin accepting transactions and mine them for their customers and make money with fees, in parallel. Using such a mechanism, miners will need to have a lot of bandwidth available in order to keep downloading the blocks of other miners, just like the current payment processors.
The contracts is code written in our custom programming language. Their code is pushed using a transaction, and hosted in buckets. Like you can see, the contract's data are off-chain, only its bucket hash is on-chain. The contract can be used to listen to events that occurs on the blockchain, in any buckets hosted by nodes or on any website that can be crawled and parsed in the contract.
There is also an identity system and a vouching system...which enable the creation of soft-money (promise of future payment in hard money (our cryptocurrency) if a series of events arrive).
The contracts can also be compiled to a legal-binding framework and be potentially be used in court. The contracts currently compile to english and french only.
I also built a browser that contains a 3D viewport, using OpenGL. The browser contains a domain name system (DNS) in form of contracts. Anyone can buy a new domain by creating a transaction with a bucket that contains code to reserve a specific name. When a user request a domain name, it discovers the bucket that is attached to the domain, download that bucket and executes its scripts... which renders in the 3D viewport.
When people interact with an application, the application can create contracts on behalf of the user and send them to the blockchain via a transaction. This enables normal users (non-developers) to interact with others using legal contracts, by using a GUI software.
The hard money (cryptocurrency) is all pre-mined and will be sold to entities (people/company) that want to use the network. The hard money can be re-sold using the contract proposition system, for payment in cash or a bank transfer. The fiat funds will go to my company in order to create services that use this specific network of contracts. The goal is to use the funds to make the network grow and increase its demand in hard money. For now, we plan to create:
  1. A logistic and transportation company
  2. A delivery company
  3. A company that buy and sell real estate options
  4. A company that manage real estate
  5. A software development company
  6. A world-wide fiat money transfer company
  7. A payment processor company
We chose these niche because our team has a lot of experience in these areas: we currently run companies in these fields. These niche also generate a lot of revenue and expenses, making the value of exchanges high. We expect this to drive volume in contracts, soft-money and hard-money.
We also plan to use the funds to create a venture capital fund that invests in startups that wants to create contracts on our network to execute a specific service in a specific niche.
I'm about to release the software open source very soon and begin executing our commercial activities on the network. Before launching, I'd like to open a discussion with the community regarding the details of how this software works and how it is explained in the whitepaper.
If you'd like to read the whitepaper and open a discussion with me regarding how things work, please send me an email at [[email protected]](mailto:[email protected]) .
If you have any comment, please comment below and Ill try to answer every question. Please note that before peer-reviewing the software and the whitepaper, I'd like to keep the specific details of the software private, but can discuss the general details. A release date will be given once my work has been peer reviewed.
Thanks all in advance!
P.S: This project is not a competition to bitcoin. My goal with this project is to enable companies to write contracts together, easily follow events that are executed in their contracts, understand what to expect from their partnership and what they need to give in order to receive their share of deals... and sell their contracts that they no longer need to other community members.
Bitcoin already has a network of people that uses it. It has its own value. In fact, I plan to create contracts on our network to exchange value from our network for bitcoin and vice-versa. Same for any commodity and currency that currently exits in this world.
submitted by steve-rodrigue to CryptoTechnology [link] [comments]

PSA: How to use crypto to sell/buy PMs on r/PMsForSale

TL;DR 1: this is not an investment recommendation. This is not an endorsement of any crypto coin, token, or service. This post (which is a bit longish) describes how to use crypto as another payment mechanism. It would just add another tool to your PM trading toolbox.
TL;DR 2: This is not an exhaustive review – it’s a simplified how-to. Calling me out on certain minute aspects is useless. However, if I made a mistake, or omitted something important PLEAESE correct me.
TL;DR 3: I’ll describe everything in chapters, so as you go down, if you feel this is irrelevant to you, you can stop without spending too much time reading it all.

Chapter 1: Why use crypto

  1. You control the entire transaction, end to end. You do not need a third party (Like PayPal or Google) telling you what you’re allowed to sell, and for how much. You do not need to resort to subterfuge (“use Friends & Family, and make sure to leave no notes!”).
  2. Crypto transactions add a level of privacy (depending on how you use them).
  3. Transactions are secure (read more about blockchain technology), and usually only involve you sharing your crypto address with your counterpart.
  4. Transactions are irreversible – good if you’re an established seller who’s afraid of chargebacks by scammers.
  5. Yet transactions can still be proven – they’re out there on the blockchain, available for all to see.
  6. Most of the time, transactions are fast (depending on network traffic and amount of gas paid).

Chapter 2: Types of crypto

I’m not going to go into technicalities, and definitely not recommend anything. Let’s just split the crypto world right now into 2 types of coins: stable, and unstable.
  1. Unstable coins (Bitcoin, Ether, Ripple etc.) can see their fiat value go up or down several times a minute. They’re volatile, and while they can be used to pay, the buyer and seller need to agree on the spot, convert fiat to the coin and start the transaction – at the end of which, the fiat value received may be higher or lower than when the transfer started. Because of that, I’ll avoid discussing them here.
  2. Stable coins usually run on the Ethereum blockchain, and use a technology called “smart contract” to attach their value to fiat. A stable coin like USDC, DAI, USDT etc. will always be worth $1 (give or take 1% at certain times). For all intents and purposes, if I quote you a price of $250 and you send me 250 USDC – we’re done.

Chapter 3: what do I need to have to trade in stable coins?

  1. An address – your crypto address allows you to control crypto on the blockchain. More specifically, it allows you to withdraw funds (since everyone can deposit to your address, whether you want it or not).
  2. A crypto wallet. A wallet is NOT where you hold your coins! Your “money” is on the blockchain, assigned to your address. Your wallet allows you to mange the coins in that address. You can either use one of the free wallets out there, or have one provided to you by an exchange. I recommend MetaMask. It runs as a browser extension (Chrome, Firefox, Brave) or a mobile app. Make sure you do your due diligence before selecting a wallet, so you wont use a scammy app, that will use your pass phrase to clean up your address!
  3. Some Ether (usually 0.05-0.1 ether is enough for several transactions) – every transfer on the blockchain has a fee, representing compensation for the computer work done to transfer funds from address to address. This fee, known as “gas” can go from fractions of a cent to several dollars – depending on the blockchain traffic at the time. You can control the amount of gas, and price of gas for your transactions, but generally speaking: the less you pay, the slower the transfer. Gas is paid in Ether only, so you need some in your wallet (see below on how to get it).
  4. If you want to sell using crypto – you’re done!
  5. If you want to buy using Crypto, you’ll need to convert some fiat to stable coins – see next chapter.

Chapter 4: Quickest way to get stable coins

The easiest way to start (in the US – your miles/kilometres may vary elsewhere) is to open a Coinbase account.
(Disclaimer: you can choose any other exchange. I’m not compensated by Coinbase, I have no stake in Coinbase, I don’t work there, or know anyone who does. There’s a reason I mention them: they make this simple.)
While Coinbase is the fastest and easiest way to go for noobs, there are some caveats:
  1. Coinbase is a registered financial company. They require full KYC (i.e. photo of your driver’s license). Everything you do gets reported to the IRS, authorities, etc. But then, your bank does the same.
  2. Coinbase doesn’t care where the funds come and go – unless law enforcement, IRS, SEC etc tell them to care. If you’re privacy-oriented, an exchange is not for you, go to the next chapter.

Let’s look at the steps of using Coinbase, and how much they’ll cost you:

  1. Open Coinbase account (free)
  2. Go through KYC needed to connect a bank account to your Coinbase account (free)
  3. Transfer fiat to your account (free if bank transfer, otherwise credit/debit card fee applies)
  4. Convert fiat to the stable coin USDC (FREE! Since Coinbase “owns” USDC, they don’t charge anything to convert back and forth between USD and USDC. And it’s always 1-1 conversion.)
  5. Transfer USDC to an external wallet (yours, or a sellers) (FREE! Again, another perk – Coinbase pays your transfer gas fee).
  6. If you’re content with using Coinbase as your wallet, you are done!
a. When you want to buy, you ask the seller for his address, and transfer USDC to him (free).
b. When you want to sell, you give the user your Coinbase USDC address and he sends there (free again).
c. Make sure you send the right address – there are no backsies in crypto!!!

Using your own wallet:

  1. Install MetaMask. Follow instructions to create your address. Make sure you keep the pass phrase safe (NOT ON YOUR COMPUTER).
  2. Go through steps 1-5 to convert some fiat to USDC for free.
  3. Buy some ether – Currently Ether spot is about $230, meaning it’ll cost you about $10-20 to get some Ether + whatever fee Coinbase has on trading.
  4. Send the USDC to your new address.
  5. Send the Ether to your new address.
  6. You are now good to send and receive payments!
  7. When you receive USDC from a buyer, you can either keep them in your wallet for further use, or send to Coinbase, convert to fiat and send to your bank account. Always remember: on Coinbase 1 USDC == $1.

Chapter 5: Doing it on your own – for advanced users only

If you don’t like sharing all your info with Coinbase, you can definitely just install your own wallet (MetaMask is still the best option, IMHO, but there are many more), and fund it personally.
The biggest challenge you’ll face is: how do I convert fiat to crypto? Here are some options:
  1. The easiest: get someone to sell you some. Someone who already went through the whole process, and will agree to give you some crypto. Once you have crypto, you can easily convert it to any other crypto, without using any exchange, using crypto swap apps.
  2. The more expansive: use a service like Changelly (and there are others – again: I have no stake) to “buy” crypto. Take into account that they have fees. There are also services (like LocalBitcoins) that will allow you to buy directly from other people, for lower fees.
  3. You can use a different exchange, perhaps even one in a different country. Take into account that you’ll need to get actual money there, so at one point, someone will know something about you.
As said, once you have ANY crypto in your wallet, it’s easy to convert it to stable coins, Ether, or everything else you need.

Summary

I tried covering the basics of using crypto for payment. I did my best to avoid techy aspects and jargon.
Crypto is here to stay. Next (and current) generations will use it, like we’re using credit cards and PayPal. It will have no “magic” or “hoax” attached to it. It’s not “good” or “bad” – it’s just another way to convey value.
I was taught all this by someone. I’m sharing this with you now, in the hope you’ll share it with other people. That’s how knowledge grows.
If anyone wants any clarification, or expansion on any item, feel free to comment below, or reach out to me.
submitted by Niceguy955 to Silverbugs [link] [comments]

I am the creator of BitcoinDuLiban.org. I am on a mission to educate Lebanese about the importance and usefulness of Bitcoins in their lives. AMA

What is Bitcoin?

Bitcoin (₿) (ticker BTC)is an open source cryptocurrency. It is a decentralized cryptographic currency without a central bank or single administrator in control that can be sent from user to user on the peer-to-peer bitcoin network without the need for 3rd person in between like bank, or payment processor or institution all transaction processing and verification is carried out collectively by the network.
Find out more at http://www.bitcoinduliban.org/

Why Bitcoin is the future?

Bitcoin emerged in 2009 as more economies across the world started losing trust in the current banking model. Institutions that have been around longer than ourselves have changed very little throughout our lifetime. Not only does the lack of trust, and stagnant change of banks allow Bitcoin to thrive, but also the possibility of eliminating inflation. Bitcoin saw the opportunity to take the power out of the institutions and provide a better service, and the people responded. Bitcoin operates universally, meaning for the first time, there is a possibility of a global currency. With truly international currency possibilities for global economic growth, social equality, self-sovereignty is endless.

Why Bitcoin and not others?

It is a very good question, there at the moment of writing over 2000 projects and “coins” that emerged after Bitcoin. Many of them claim to be faster, better and more flexible than Bitcoin however very few have withstood the test of time or delivered their proposed product. The basic fundamentals of Bitcoin’s principle monetary policy are unprecedented, and by now, it is impossible to replicate its level of decentralization or network security, which is powered by a computer network as powerful as almost 12 trillion Intel Core i7 processors. Bitcoin also has the largest social / community strength. I would HIGHLY advise against investing or getting dragged into any project that claims superiority, I have single rule : if it says it's better than Bitcoin then its what we call “scam-coin” you will only get pulled in and lose your bitcoin/usd value causing a lot of pain and sadness . Sit down, read, learn and be patient, you will not miss out on anything over night and if something is rising in price quickly most likely it will crash as fast.

Does bitcoin have an applicable use in daily life or is it only for holding for future gains?

Bitcoin has taken over the cryptocurrency market. It’s the largest and most well-known digital currency today. Many large companies are accepting Bitcoin as a legitimate source of funds, you can use your Bitcoin at but not limited to : KFC, Burger King, Microsoft, AT&T , Expedia, Subway, Twitch, Virgin Galactic and many more just look it up. You can look up merc and services at https://spendabit.co/ So if you are living abroad, you can use your bitcoin just like any other known currency in addition there are Debit cards in collaboration with VISA network offers that are backed by Bitcoin making you able to pay with it anywhere in the world just with a swipe or tap.

As Lebanese in Lebanon, how can I buy or sell bitcoin ?

In Lebanon unfortunately we can not use our banking system to purchase bitcoin, there was a time where rain.bh an UAE based exchange was accepting Lebanese Cards, till it was stopped but give it a try we weren’t able to confirm all cards.
Therefore most common way to buy bitcoin in lebanon is using P2P which is person to person exchange, this can be through an international website such as localbitcoins.com or hodlhodl.com , all you gotta do is find a sell offer initiate transaction with seller , send him his payment using WesterUnion or Moneygram and once the seller receives payment your bitcoins will be released but make sure you use escrow service which ensures safety of your transaction therefore bitcoins you are buying are frozen for the seller and he can not retrieve them unless you fail to pay or run out of time window to pay. Another p2p way is through local bitcoin communities , there are plenty of traders willing to exchange with you however always ask for the reputation of the seller inside a group and never respond to private messages unless it is a confirmed reliable trader just to avoid losing and being scammed. Feel free to find out more about how to buy in Lebanon at http://www.bitcoinduliban.org/

If I have a bank account outside Lebanon, can I use bitcoin to transfer money from Lebanon to my bank account outside?

It is possible to transfer Bitcoin to an international account in the USA or EU for example, you would need to use recognized exchanges such as coinbase.com kraken.com and many others. It would be as simple as sending BTC to your coinbase account, converting to USD and withdrawing it to your account. However you must take few precautions, if you are sending a significant amount of BTC and converting it to USD you will need some kind of proof that these funds are yours otherwise you might get investigated for money laundering. So is it convenient to send ? I do not think so, if you managed to get what we call now in Lebanon “ Fresh USD” it would be much less of a hassle to simply initiate an international transaction.

Why would I want to send Bitcoin to my family or friends in Lebanon ?

This is where I believe BTC can shine for us, you can use exchanges as coinbase,kraken or any prefered place to purchase some bitcoin that can be transferred to your family wallet within minutes. Your family or friends can exchange bitcoin or part that is needed with local traders to LBP at desired exchange rate therefore you are not forced to exchange at rates given by WesterUnion, after which they will be able to do their daily purchases and mitigate inflation rates to some extent. You can send as little as $1 and the transaction costs less than $1 for any amount.

Why is the Bitcoin price so volatile ?

Indeed it can be, sudden swings of 20% both ways are considered normal if you look at daily data, however bitcoin since 2009 had only one trend which is upward, 80% chance is if you bought BTC at any moment in past 2 years is that you are on break even or positive not loss. Feel free to try this exercise by going to https://dcabtc.com/

Should I invest?

NO. Now since we got the short version of this, let me elaborate. By the end of the day it is a new class of an asset, the price is still in the discovery phase and it could cause a lot of pain and sleepless nights if you invest more than you can chew to possibly lose. No one can advice you what to do with your money and how to position them, however i highly encourage to read, educate yourself on money before investing in BTC a good start would be https://bitcoinduliban.org. Please ask more knowledgeable bitcoin users and double check sources , once you feel confident enough that you understand this monetary system you can try dipping your toes with small amounts and build your position from there. Just stay away from quick gains schemes such as “online mining” “cloud mining” and anything that offers 100% returns in a very short time, if it's too good to be true then it's a scam.

Scams, BE AWARE.

Due to our difficult situation we are being targeted by constant advertisement of potential new solutions using “newly developed cryptocurrencies“ , unfortunately such new technology does not exist and they are trying to take advantage of us by promising fake solutions.
Even Bitcoin can not provide you with a solution to your hard worked money being inaccessible in any Lebanese bank.
Here are few typical scam msgs:
submitted by marceldy to lebanon [link] [comments]

EOS is highly undervalued because there was so much FUD

Because so much FUD has been produced in the last year (including by coindesk), the price of EOS has dropped quite a bit against other coins like Ethereum. But the technology, the developers and the community are still growing in secret. The community is just waiting for the big breakthrough to come.
Very good Collection against EOS FUD: eosbasecamp . com
A lot of people are saying the network is congested, but it is working as designed. You can rent EOS on REX very cheap. Much cheaper than ETH gas fees. Or you just use a wallet like anchor from Greymass and you can continue with free transactions (as designed the big players offers free transactions for their users).
BP's were never and are not a chinese cartel. There are a lot of big players competing against each other. The government is improving with token holders and big proxies starting to set criterias for the Block Producers. In fact the block producers developed a Framework for exchanges, so the users can vote if they have their token on a exchange: medium . com/@generEOS/open-source-exchange-voting-portal-ede575090ee3
BlockProducers have a contract to perform. If one miss too much blocks, he can get temporarily removed from 15 out of 21 BP's. BP's and block one working together to improve the IT infrastructure for EOS regularly. Just check the huge improvement in the last 6 month with the EOS benchmark: alohaeos . com/tools/benchmarks#networkId=1&timeframeId=12
Block one is continuously developing EOSIO Software. With EOS 2.0 the network is able to process around 10'000 tx/s (Proved on the testnet). EOS 3.0 is in development.
With eosio.evm (Ethereum virtual machine) there is now a possibility for Ethereum developers to take advantage of the speed from EOS.
BOSIBC just created interblockchain communications between the EOSIO chains. Dan is working on IBC as well with 4 chains (private EOSIO chains interacting with the EOS mainchain).
With Voice coming out this summer, there will come out as well a KYC method/solution with face ID without the need for government documents.
There are several promising products who start the DeFi development on EOS. Interview with Yves La Rose June 2020: esatoshi . club/satoshi-club-x-eos-ama-recap-from-june-8
And with the DAPP Network you can do unlimited scaling with childchains and sharding (Yes this îs already a working product!), develop/connect with any or multiple blockchains, universal account - one user account for all blockchains you want to use, maximal affordable decentralized storage, decentralized and trustless oracle similar to chainlink, but without needing a separate blockchain and with never seen low latency, easily create scheduled tasks and timers, boundless computational power, Easily implement randomness without resorting to vulnerable, complex, or expensive methods… As a developer with DAPP Network you can do whatever you want and whatever you need and connect anything with everything.
There was just so much FUD about EOS and everybody fell for it! I think that whoever started the EOS FUD is just scared like shit, that EOS actually delivers what they promised! Everybody who is a little bit smart understand the potential from EOSIO and DAPP Network. EOS is now there, where Ethereum will be in 5 years.
And no, there are not only Gambling Dapps on EOS:
everypedia . org: everyone’s decentralized encyclopedia
peos . one: private & untraceable transactions on EOS (Monero tech combined with the speed from EOS)
eosdt . com: over-collateralized stable coin (like MAKER)
vigor . ai: world's first multi-collateral insured token protocol available everywhere
chintai . io: issuance and management and secondary trading of tokenized securities
eosoptions . com: low latency on-chain options platform
prediqt.everipedia . org: prediction market protocol and #DeFi platform
acueos . io: decentralized moneymarket protocol for lenders and borrowers
pizza . live: PIZZA-USDE generate USDE stablecoin, decentralized financial ecosystem
liquidapps . io and dappsolutions . app: DAPP Network with LiquidOracles, LiquidChain (childchains and sharding), LiquidX (Connect any blockchain), vRam, vCPU, universalAccounts, LiquidScheduler, LiquidRandomness
newdex . io: the world's leading decentralized exchange
eosfinex . com: A high-performance exchange built on EOSIO
dexeos . io: EOS-based Decentralized Exchange
ive . one: global investment & issuing platform for digital assets
dgoods . org: A digital, distributed, open standard for virtual items on blockchain
sense . chat: Messenger built to communicate, organize, and reward your communities and friends
wordproof . io: wordpress plugin to protect website content
joinseeds . com: ecosystem to empower humanity and heal our planet
emanate . live: instantly rewards artists and music lovers for their creative expression
travala . com/payment/eosio-eos: Book Hotels and Accommodations, Worldwide
marketcap . one: EOS Pricefeeds
gallery . pixeos. art: International Marketplace for Collecting Art
prospectors . io: exciting strategy game on EOS and WAX (IBC connected) gives players endless opportunities to earn crypto
darkcountry . io: NFT Card Game with export functions to all possible blockchains
turncoatgalaxies . com: Turncoat Galaxies Strategy game
blankos . com: Huuuge Mythical NFT Game
voice . com: freedom of Speech. where truth has a voice
effect . ai: earn with the perfect combination of human and machine
Piña: eoslongisland . com/pina : is a restaurant review, rate reward app
Lifebank: youtube . com/watch?v=tgbZWs5vE5s : blood donation app
Fabblink: youtube . com/watch?v=AynFqe7GBAw : enable transparent, secure and reliable distributed automated manufacturing
Qure: devpost . com/software/qure-d3ihje : economic virtual meetup community
Kyros: youtube . com/watch?v=TwVbfJNvvGA : certificates Hub
transledger . io: Move Bitcoin, Litecoin or Bitcoincash to faster networks (EOS)
For sure I forgot some and a lot more will follow for sure...

vc . eos . io: PartneInvestments and Grants Overview from EOS VC and partners Galaxy Digital, EOS Global, SVK Crypto and FinLab
And EOS VC Grants Program continues investing in projects (today 34 companies) who use EOSIO software which will all benefit EOS in some ways: eos . io/news/blockone-announces-eos-vc-grants-recipients
and other investments to grow the EOSIO ecosystem: Gapless receives 5.5 million euros after support from the FinLab EOS VC Fund and Porsche AG, Expects 100,000 Listed Vehicles by EOY: chainbulletin . com/car-app-gapless-holds-successful-funding-round-expects-100000-listed-vehicles-by-eoy/
Major U.S. accounting firm Grant Thornton has announced a new platform for its clients to handle their intercompany transactions using the EOSIO blockchain. By doing this, they capture a small slice of an area worth $40 trillion annually: cointelegraph . com/news/grant-thornton-moves-intercompany-transactions-to-eosio
sparrowexchange . com Singapure based options trading platform. Stefan Schuetze, Managing Director of FinLab EOS VC Fund, said, "We are excited to invest in Sparrow, which is developing the next generation of financial products by leveraging EOSIO for their on-chain settlement layer." prnewswire . co.uk/news-releases/sparrow-raises-usd-3-5-mil-in-series-a-funding-874437988.html
submitted by CryptoDae to eos [link] [comments]

As awareness is increasing for Quant after recent announcements, here is an overview and links to find more info about this fantastic project

As awareness is increasing for Quant after recent announcements, here is an overview and links to find more info about this fantastic project
1/ As awareness is increasing for @quant_network after recent announcements I encourage everyone to see the thread below providing more details around the project. Excellent Team, Tech, Use cases, Tokenomics, Partners has it all.
https://preview.redd.it/usj6bepzvz751.png?width=1345&format=png&auto=webp&s=bf859c622fcf2fdebf9c1be24b369e7a8312119d
2/ Quant’s Overledger Blockchain Operating System not only provides interoperability between all the leading Enterprise and Public Blockchains but also connecting the world’s networks to blockchain with just 3 lines of code.
https://preview.redd.it/1tf32qb1wz751.png?width=1200&format=png&auto=webp&s=f6d7c437d5b764916fab8fdfefe787ad2afce38f
3/ Unlike other solutions, Overledger solves interoperability at scale without the overhead/bottleneck/single point of failure of adding another blockchain in the middle, nor does it impose restrictions / require blockchains to fork their code to connect.
https://medium.com/@CryptoSeq/what-is-a-blockchain-operating-system-and-what-are-the-benefits-c561d8275de6
4/ Overledger is not a blockchain itself, but an OS that runs on top of multiple blockchains, providing a platform to build and use multi chain applications and abstracts all of the complexities involved with integrating with all the different blockchains
https://medium.com/@CryptoSeq/blockchain-operating-system-learning-from-the-past-to-build-a-better-future-92142c823d30
5/ #Interoperability is more than just Blockchain-to-Blockchain. True Interoperability is Any-to-Any.@quant_network are launching a universal connector for Overledger which allows for any API to connect to any Blockchain through Overledger.
https://preview.redd.it/taxpb9p3wz751.png?width=806&format=png&auto=webp&s=8c527753dc62ab00756c8a32fa16134b91df8821
6/ This will mean APIs like IFTTT/ZapiePayment APIs/Banking APIs/IoT APIs etc can now seamlessly interoperate with Blockchains through Overledger. You can integrate pretty much any tech and API into Overledger
https://preview.redd.it/7f35q465wz751.png?width=1199&format=png&auto=webp&s=09dd7480212eb44903a683e81ecb9878ff077fbe
7/ Quant's approach is superior, enabling scalable interoperability, can connect any blockchain / existing network, future proof and without imposing limitations / requiring connected chains to fork their code
See https://twitter.com/CryptoSeq/status/1270237869043572737
and this article https://medium.com/@CryptoSeq/quant-networks-overledger-part-two-the-layers-of-overledger-ea23a7148af1
8/ Every Blockchain has their own advantages and disadvantages. Why compromise on one platform when with Multi-chain Applications (MAPPs) you can combine the best features from multiple? Why have the risk and limitations of Vendor Lock in?
9/ Only Overledger enables Treaty Contracts, where you can deploy, query and execute multi-chain smart contracts. Bridge and extend smart contracts across multiple blockchains.
10/ Overledger Network is due to launch in a few days and is a Network of Networks, which allows enterprise and communities stakeholders to access and participate in a growing hyper-connected decentralised ecosystem
https://preview.redd.it/00z37ih7wz751.png?width=679&format=png&auto=webp&s=b073064f717953e6329a07bc61f3d77dd334f643
11/ Enterprises, banks, central banks, trading venues, etc will be able to host their own secure dedicated gateways, enabling secure connectivity to permissioned networks, permissionless networks, ecosystems, consortia and other distributed technologies.
https://medium.com/@CryptoSeq/the-network-of-networks-scalable-interoperability-to-unleash-the-true-potential-of-blockchain-c54e7d373d2d
12/ Community members will also be able to run an Overledger gateway to further enhance the scalability, decentralisation and optimise network latency, providing enterprises, developers and users choice to use the closest gateway when accessing permissionless blockchains.
13/ The Overledger gateways will create a scalable p2p network that shares the transaction and volume between participants and chooses the closest or largest node to transact with
https://medium.com/@CryptoSeq/how-the-overledger-network-community-treasury-powers-the-network-of-networks-b716b01d8284
14/ Quant will be open sourcing the connectors so that anyone can connect their favourite blockchain to Overledger Network and benefit from increased adoption from the Enterprises, Developers and users of all the existing connected blockchains / networks.
15/ Partners: Quant have partnered with SIA, the leading financial network provider in Europe and both companies are confident that this development will play an integral part in building the financial infrastructure of the future globally
https://www.sia.eu/en/media-events/news-press-releases/quant-network-and-sia-successfully-tested-blockchain-interoperability
16/ SIA provide a private financial network which is the backbone of the European financial market. SIA and SWIFT are the only 2 providers for the Eurosystem Single Market Infrastructure Gateway, granting access to all RTGS, Securities and Instant Payment transactions for Europe.
17/ Overledger is integrated into SIAChain part of that private financial network (SIAnet) that is the backbone of the european financial market, enabling the 580 banks, central banks, trading venues that are building projects on SIAChain to benefit from scalable Interoperability
18/ Some of the largest blockcain projects in the world are being launched on SIAChain, one of those is the Spunta project.
Spunta is a huge project consisting of the entire italian banking system and looks to further expand into europe
https://www.r3.com/videos/italian-banking-association-and-r3/
19/ Another project building on SIAChain is Fideiussioni Digitali, a digital sureties project with the Bank of Italy sia.eu/en/media-event… as well as potential trial platform for digital euro
To read more about the partnership with SIA is a game changer
https://medium.com/@CryptoSeq/quant-network-partner-with-sia-a-game-changer-for-mass-blockchain-adoption-by-financial-9059ab411069
20/ Quant have partnered with Oracle (the 2nd largest Software provider in the world) as a Fintech Partner to deliver financial services infrastructure.
Quant are enabling #interoperability of DLTs to deliver mission-critical business applications and workloads for FS clients.
https://preview.redd.it/o15tnnr9wz751.png?width=1200&format=png&auto=webp&s=8aba1e61de76b39b4f82ce9a3f8a15b456b674f5
https://preview.redd.it/qdnu6piawz751.png?width=1012&format=png&auto=webp&s=b25bee3d43a6d6cc56eab1ad594c656c07658de1
21/ Oracle invited Quant to attend the leading financial event of the year - SWIFT SIBOS where Oracle were co-marketing with Quant to take their solution to their 480,000 clients including meetings with Banks / Central Banks
https://preview.redd.it/oer1rbxbwz751.png?width=770&format=png&auto=webp&s=802d9edfc82fe383aacacd16eabe733a20860703
22/ Another fantastic partnership is with @SimbaChain. It is a smart-contract-as-a-service (SCaaS) platform, enabling users across a variety of skill sets to implement dapps. They are developing on Overledger to allow them to deploy DAPPs across multiple connected blockchains.
23/ SIMBA Chain have recently been awarded a $9.5 million contract with the US Navy, they are also working with the US Air Force. They have a thriving ecosystem with over 2300 Organizations and 1150+ Applications developed.
https://cointelegraph.com/news/us-navy-bets-95m-on-blockchain-to-keep-messaging-secret
24/ Quant are working with clients in the Capital Market space such as AX Trading to bring more digital assets, securities and tokenised assets to their existing 800 institutional traders in an already live and connected FINRA and SEC regulated exchange.
https://medium.com/@CryptoSeq/wall-street-2-0-17252ffd8919
25/ @quant_network's Interchange enables FIAT to be representing on a blockchain enabling Delivery vs Payment across multiple blockchains with cross chain atomic swaps as well as integrating into existing payment rails such as Faster Payments, CHAPS, SEPA, SWIFT, PAY UK
https://preview.redd.it/8w39juydwz751.png?width=1200&format=png&auto=webp&s=0c8cfec6050ff2d6b27922ba640bfbb549fa9db1
https://preview.redd.it/fnxfo0qewz751.png?width=924&format=png&auto=webp&s=a3573556d7081e672bb86e31500f06a75f6ca662
26/ Enormous traditional exchanges like Fidelity, SIX, Nasdaq, Deutsche Borse will soon be entering the space, offering Digital Assets that are traded today on Crypto exchanges as well as tokenising Stocks, bringing in enormous amounts of investment from institutional investors.

https://preview.redd.it/w6scjpnvwz751.png?width=430&format=png&auto=webp&s=fc7051595807a58fbe5505b8ccacc58f135ded61
https://preview.redd.it/p5i5rwdwwz751.png?width=1100&format=png&auto=webp&s=e050c5fc5ac4614313e4fd737c1d2c5bf9dcfc31
27/ Quant were made a guarantor of Pay.uk - the UK’s largest payment network. Through this relationship, Quant will shape the payment ecosystem and help set the strategic direction of the Payments infrastructure and adopting the New Payments Architecture (NPA).
https://preview.redd.it/vqg19hngwz751.png?width=770&format=png&auto=webp&s=85bc997d93e052a8e1d0e574a1509c06cb996237
28/ Quant have also partnered with AUCloud and UKCloud to provide highly secure and interoperable Blockchain-as-a-Service for Australian Government and Defence and the critical national industries and supply chains that serve the nation.
https://www.quant.network/blog/quant-network-and-aucloud-partner-to-provide-worlds-first-blockchain-operating-system-for-government-and-critical-national-industries
29/ And others such Crowdz a leading blockchain-based trade finance company who are partnered with Barclaycard and recently received $5.5 million Series A Investment from Barclays Bank and others
As well as being a member of Hyperledger, MOBI and more
https://medium.com/@CryptoSeq/large-enterprise-adoption-of-blockchain-is-happening-enabled-by-quant-networks-overledger-32321b650115
30/ The Team: Gilbert Verdian the CEO - his CV speaks for itself. Before starting Quant he was the Chief Information Security Officer for Vocalink (Mastercard) and was in charge of security for the entire payments in the UK managing £6 Trillion per year
https://www.gilbertverdian.com/cv/
31/ Martin Hargreaves recently joined as Chief Product Officer. He has 12 years experience at Vocalink and was the Vice President of Product. Vocalink (Mastercard) manage the entire payments system for the UK as well as other payment networks in the US, Singapore
https://preview.redd.it/mfzp5bfiwz751.png?width=1200&format=png&auto=webp&s=d3f7f16e5f2f8ad27907f5b94e5af3aadb548d18
32/ Guy Dietrich the managing director of Rockefeller Capital (who manage assets worth over $30 billion) joined the board of directors and has attended meetings personally with Gilbert such as with the Financial Conduct Authority in the UK
https://preview.redd.it/on3qgijkwz751.png?width=619&format=png&auto=webp&s=d7a2c38edd0efd32487c33b0b552ed54eefd18d8
33/ Gilbert founded ISO TC 307, the globally recognized standard which has 57 countries working towards. This is vitally important for Enterprise / Government adoption and designed from the start to adhere to those rather than have to redesign it later.
https://preview.redd.it/b9ugauimwz751.png?width=1200&format=png&auto=webp&s=6d9c483e3017310814220260711fd737edc55fcb
34/ Not only do they have enormous meaningful partnerships, advanced tech that's solving a problem which is very much needed and an excellent team, they also have the best tokenomics i have seen in a project and is integral to everything.
https://preview.redd.it/udtf3w9owz751.png?width=1345&format=png&auto=webp&s=42cfe696b777591bb034dd71e4bd782284e0bcf1
35/ Hedge against Inflation - has a total supply of just 14.6 million, no inflation, no new tokens minted and no huge % of tokens controlled by the team waiting to be released. Circulating supply is 12 Million which will reduce over time with QNT being locked up for licenses
36/ Whether it's #Bitcoin, Stable Coins, #DeFi, Central Bank Digital Currencies that come out on top or a combination of all, @quant_network is working with them all, connecting , , and working with multiple Central Banks all leading to more demand / usage of
37/ @Overledger has been designed to be future proof by not being a blockchain itself and performing #interoperability at a layer above, learning from what made TCP/IP so dominant after 40+ years. Whether it be Blockchain 1.0, 2.0, 3.0.. it doesnt matter,$QNT can connect them all
38/ Whether it be Permissioned or Permissionless Blockchains, @Overledger can connect them all. Currently $BTC, $ETH, $XRP(L), $EOS, $XLM, $IOTA, $DAG, #Corda, #Hyperledger, #Qurorum. $QNT is one of very few tokens that are needed even in a Permissioned Enterprise environment.
39/ Sustainable Business Model - Earning revenue (on track for $10 million last year), moving into an office twice the size in the UK and currently hiring 6 additional employees and expanding to other parts of the world despite the uncertainty many are facing.
40/ is needed for licenses, consumption fees, gateways (staking for higher throughput), signing of messages on #Overledger, minimum holdings of QNT.will be locked up reducing circulating supply so not just bought then immediately sold and needed by all inc enterprises
41/ Provides what all projects need - true scalable #interoperability not just between blockchains but legacy systems as well. With no added overhead of an additional consensus mechanism, doesn't impose restrictions or require connected chains to fork their code. Anybody can join
https://preview.redd.it/eq11fnjqwz751.png?width=679&format=png&auto=webp&s=3079aafd7c0717c878b10edf5819cee6d428e13e
43/ For Tokenomics see @quant_network's Utility Paper https://bit.ly/2xc25mA and @DavidW___'s article https://medium.com/@davW/a-deeper-look-into-the-quant-network-utility-token-qnt-valuation-dynamics-and-fundamentals-84633ca7cb58
https://twitter.com/CryptoSeq/status/1277555274405068801
https://threadreaderapp.com/thread/1277555274405068801.html
submitted by xSeq22x to QuantNetwork [link] [comments]

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The Single Strategy To Use For How to Buy Bitcoin Legally in the U.S- Investopedia

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