Bitcoin by Numbers: 21 Statistics That Reveal Growing

Bitcoin - Estimated transaction volume - on the rise

Bitcoin - Estimated transaction volume - on the rise submitted by is4k to Bitcoin [link] [comments]

Lowering Year-End Bitcoin Price Estimate To $12,500 Due To Weaker Transaction Volume Outlook

submitted by Imared to TheColorIsRed [link] [comments]

Lowering Year-End Bitcoin Price Estimate To $12,500 Due To Weaker Transaction Volume Outlook

Lowering Year-End Bitcoin Price Estimate To $12,500 Due To Weaker Transaction Volume Outlook submitted by BTCNews to BTCNews [link] [comments]

Lowering Year-End Bitcoin Price Estimate To $12500 Due To Weaker Transaction Volume Outlook

submitted by leftok to atbitcoin [link] [comments]

Bitcoin Estimated Weekly Transaction Volume at a ~4 year high (practically ATH)

Bitcoin Estimated Weekly Transaction Volume at a ~4 year high (practically ATH) submitted by kerzane to Bitcoin [link] [comments]

Bitcoin Estimated Weekly Transaction Volume at a ~4 year high (practically ATH)

Bitcoin Estimated Weekly Transaction Volume at a ~4 year high (practically ATH) submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Estimated USD Transaction Volume - is this spike from the Ponzi

Bitcoin Estimated USD Transaction Volume - is this spike from the Ponzi submitted by BitcoinAllBot to BitcoinAll [link] [comments]

This is bitcoin fascinating, Estimated Transaction Volume

This is bitcoin fascinating, Estimated Transaction Volume submitted by bitcex to Bitcoin [link] [comments]

ColossusXT Q2 2020 AMA Ends!

Thank you for being a part of the ColossusXT Q2 2020 AMA! Below we will summarize the questions and answers. The team responded to 46 questions! If your question was not included, it may have been answered in a previous question or AMA. The ColossusXT team will do a Reddit AMA at the end of every quarter.
The winner of the AMA contest is: ookhimself
Congratulations. I will send you a DM on Reddit.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Why does your blockchain exist and what makes it unique?
A: ColossusXT exists to provide an energy-efficient method of supercomputing. ColossusXT is unique in many ways. Some coins have 1 layer of privacy. ColossusXT and the Colossus Grid will utilize 2 layers of privacy through Obfuscation Zerocoin Protocol, and I2P and these will protect users of the Colossus Grid as they utilize the grid resources. There are also Masternodes and Proof of Stake which both can contribute to reducing 51% attacks, along with instant transactions and zero-fee transactions. This protection is paramount as ColossusXT evolves into the Colossus Grid. Grid Computing will have a pivotal role throughout the world, and what this means is that users will begin to experience the Internet as a seamless computational universe. Software applications, databases, sensors, video, and audio streams-all will be reborn as services that live in cyberspace, assembling, and reassembling themselves on the fly to meet the tasks at hand. Once plugged into the grid, a desktop machine will draw computational horsepower from all the other computers on the grid.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: What is the Colossus Grid?
A: ColossusXT is an anonymous blockchain through obfuscation, along with utilization of I2P (Armis). These features will protect end-user privacy as ColossusXT evolves into the Colossus Grid. The Colossus Grid will connect devices in a peer-to-peer network enabling users and applications to rent the cycles and storage of other users’ machines. This marketplace of computing power and storage will exclusively run on COLX currency. These resources will be used to complete tasks requiring any amount of computation time and capacity, or allow end-users to store data anonymously across the COLX decentralized network. Today, such resources are supplied by entities such as centralized cloud providers which are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Any user ranging from a single PC owner to a large data center can share resources through Colossus Grid and get paid in COLX for their contributions. Renters of computing power or storage space, on the other hand, may do so at low prices compared to the usual market prices because they are only using resources that already exist.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Is there any estimated date for the grid? What will set you apart from the opposition?
A: We are hoping to have something released for the community in Q4 this year. The difference between other competitors is that ColossusXT is putting consumer privacy first and we’re actively in the process of working with federal and state agencies in the United States.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How do you plan to get people to implement the technology? At your current rate of development, when do you foresee a minimum viable product being available?
A: We have been strategically networking with businesses, and we are currently undergoing the verification process in the United States to make bids on federal and state projects. We are working on an MVP and our goal is to have at least a portion of the Colossus Grid ready by Q4 2020.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: When we can expect any use-case for COLX? A company or service that uses COLX for its activities/tasks.
A: We’re aiming for Q4 of this year to have an MVP, throughout 2021 we will be strategically making bids on federal and state contracts in the United States with a goal to expand operations exponentially.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Are there any plans to be listed on the more prominent exchanges e.g binance, kraken?
A: Yes, we have applied to some of these exchanges that are considered Tier 1 or Tier 2 exchanges. Many of them upfront will tell you there are no fees associated with the listing, that is not entirely true most of the time. Regardless, have applied and are awaiting more responses as we move forward. Listing on these exchanges often requires that we cannot announce this information until ColossusXT is live on its platform.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Partnerships are the norm these days in crypto world. Which partnership would you consider feasible, if any, in order to grow the Colossus Grid project?
A: The Colossus Grid is a huge undertaking both in development and business partnerships. We are moving in both these directions strategically. One of the most important partnerships is not really a partnership but approval to bid on state and federal contracts. Working with the governments around the world will be a big part of the Colossus Grid use-case.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: If the ability to annonymise coins is turned off, can CLX still be marketed as a privacy coin? Do we have a date we can start using this feature again?
A: Yes and No. It’s frustrating right now having a lack of privacy for consumers as we don’t see privacy as a feature but a right. EVERY platform online should have some levels of privacy for their consumers, especially as technology continues to evolve and bad actors continue to use your personal information for their own nefarious purposes. Obfuscation will be implemented in the coming weeks, and Armis will follow suit shortly thereafter.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: When can we expect the grid to come out?
A: We are looking at releasing an MVP towards the end of the year. Stay tuned during Q3 and Q4 as we ramp on technical and business developments.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Can you tell the current budget for development work?
A: Much of the development work budget comes from Core team member's disposable income, we also use the self-funding treasury that Masternode owners vote on each month.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Will cold staking be implemented somedays? I like the model of Cardano. Hope you will implement kind of Cardano staking in our wallet. I would love the easiness.
A: ColossusXT staking has been enabled since 2017. We have calculators on the website that will estimate your average staking returns and you can join numerous pools to increase your staking power within the pools. Cold staking is on our radar and will make it into the roadmap when our budget allows us.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Which part of grid technology are you planning first to go live? Storage/RAM/CPU/GPU/all at once? Separately?
A: We will be rolling the Colossus Grid out in two phases. The first phase will be storage, and then we will roll out computing power (RAM/CPU/GPU).
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Is Armis I2P technology in development testphase I mean, I have read something like that… If Armis goes live, will there be some kind of option in deskopt wallet to transfer anonymous or will every transaction be fully anonymous like e.g. monero?
A: We recently had a testing phase with the community earlier this year, there will be another test phase with community participants who sign up. If you’re interested in this stay tuned on our socials and apply when the next testing phase happens All transactions will be fully anonymous behind Armis.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: What programming languate is being used for developing COLX? How well this programming language do you think is more suitable for developing crypto, in comparison with other programing languages?
A: C++ is what we’re using at ColossusXT. Each crypto project is different but with what we're developing at ColossusXT. We are best suited to utilize C++.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: What is the second biggest milestone other than launching the grid network for the team. What do you think of your competition like Golem network?
A: Armis will be a big milestone, and I don’t think we go back to our Polis partnership which allows users in Europe and Mexico (they do plan to expand to the US and other countries) the ability to spend their ColossusXT (COLX) wherever Mastercard is accepted. I don’t think the Golem network is taking consumer privacy far enough, in the blockchain industry I also see a lack of drive to push adoption within the United States. This is likely due to unclear regulations right now. ColossusXT is at the forefront of these issues and we intend to lead blockchain through these somewhat murky waters.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: I don’t have a lot of knowledge about crypto-technology… but are there any risks of sensitive data-hijacks through Colx infrastructure? Will the Colx-grid be available for individuals or only larger corporations, and how would one get access to the computing power?
A: There are always risks with technology. We are doing extensive testing and more testing prior to releasing anything. Consumer privacy is apart of the foundation of what we’re building at ColossusXT and we want to ensure any and all of your personal information is secure and private. As technology evolves, we will be right here evolving with it to ensure that consumer privacy protections are always in place.
The Colossus Grid will be available to anyone with a computer. You will access it through the desktop wallet.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Do you have any new exchange listings planned in the near future?
A: Yes, but unfortunately with these things, every day it’s not something we can often say before the exchange makes their own announcements. If you have certain exchanges that you prefer, do not be shy and tag us on Twitter letting us and the exchange know. You can also reach us everyday at all hours of the day and night on Discord and Telegram.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Given that Colx had no ICO, are we able to ramp development efforts in case we have potential partnership deal on the table?
A: It really depends. We strategically spend every dime we spend on development. We do not like even a single penny to be waisted, so we don’t move as fast as the projects that raised millions of dollars, but we continue moving none the less. Ramping up our development is something we are working on by securing additional funding and we’re currently working on securing funding. 😊
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How is the project development advancing? What are your plans for the next 5 years and what more can we expect from ColossusXT?
A: Our development is continuing on at a steady pace, we’re looking to ramp this up over the next year as the Colossus Grid will take much of our time but we’re excited. Over the next 5 years, you can expect the Colossus Grid to be live in all forms (storage and computing power), Armis will be released and we will share many technical details on how this consumer privacy protection rivals some of the other privacy protections in the blockchain industry. We expect to be verified and approved to work with the agencies in the United States long before then as well and will be aggressively pursuing federal contracts to utilize the computing power of the Colossus Grid. In 5 years, we plan to be a key player not just in the blockchain industry, but throughout the world. If you do not know ColossusXT now, expect to in 5 years or less.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Users often care less about technology, but rather the value of the token. How do you manage to strike a balance between developing the technology and also improving the value of COLX? There are so many privacy coins now, all of them claiming to have better features that ColossusXT. Moving forward, what do the next 10 years look like for ColossusXT in navigating the wave of privacy projects coming. How can ColossusXT continue to shine in the midst of seemingly legit projects that have come to challenge ColossusXT like mimblewimble projects and Monero, Zcoin, ect.?

A: The Colossus Grid and Masternodes will have a strong relationship with each other. When the Colossus Grid goes live we expect the masternode demand to continue to rise. Masternodes are a great incentive mechanism to increase network strength and will play an important role within the Colossus Grid. The more masternodes online, the less available coins in the circulating supply; which we expect will eventually reflect ColossusXT (COLX) coin value.
Over the next 10 years, ColossusXT (COLX) will solidify itself as a key player in the blockchain industry, and outside the blockchain industry. Following our strategic business plans, we intend to be one of the first, if not the first to truly bring government and other businesses into the blockchain industry through the Colossus Grid. Armis will be our defining privacy feature, which we expect in time will begin to be adopted by other projects. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: How have the number of Masternodes (MNs) increased/decreased over time/in the past few years? What proportion (%) of MNs actively take part in Governance? How do you see the number of MNs increasing/decreasing in the next couple of years? Is there a trend upwards or downwards?
Is there a specific number (or range) of MNs the team would like to attain ideally? Is it better to have as many MNs as possible or is there a point at which too many MNs start to have an adverse effect on the performance of the blockchain?
Hope this wasn’t too many questions in one :), Ahmed

A: The number of masternodes in the active network is more or less the same, fluctuating around 200-220. About 40% - 50% of masternodes participate actively in governance (see https://governance.colossusxt.io). We expect a number of masternodes to grow as they will have additional benefits with Colossus Grid (see business plan: http://bit.ly/COLXBPLive).
As the team had no premines, only the dev fund can be used for masternodes which is hard to maintain due to actual budget flow. It’s better to have as many masternodes as possible for the network, there is no adverse effect.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Of all the milestones that $COLX has achieved since your humble beginnings, which do you consider to be the best of it all? What achievements do you feel proud most?
A: It’s often not mentioned but I’m very proud of our partnership with PolisPay, which allows ColossusXT community members to purchase Amazon, Spotify, and other gift cards with ColossusXT (COLX) through the Polis platform. You are also able to spend your COLX anywhere Mastercard is accepted, the card is available only for EU citizens right now and the Polis team hopes to bring in other countries in the future.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: There are problems that can slow down the course of a project such as the emergence of globalization, given the tighter budget, shorter implementation time requirements. My question is, How does $COLX resolve the issue?

A: Given the current situations around the world the Colossus Grid has more value than it ever has, and that value will continue to grow once we have released the Colossus Grid for consumers to share and utilize resources. You can already see from the [email protected] initiative that people are eager to share their computing resources to help researchers simulate different COVID19 simulations. We’ve always worked on a very small budget at ColossusXT starting with 0$ in funding and no pre-mine or ICO/IEO. This project was built for the community by the community, and as of lately we’ve actually been ramping up our business strategies and developments. Since we have all already worked remotely before the COVID19 pandemic, it interestingly allowed us more time to focus and achieve these goals as our day jobs allowed us to spend more time on ColossusXT.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How will you fight with regulators who are trying to stop privacy coins?

A: We have an amazing legal team at ColossusXT, and they are on top of any new law or regulation that comes out. We’re not afraid of regulators and our legal team makes sure that everything we do for ColossusXT is law-abiding. It's time the world stops looking at privacy as a feature and as a right, especially when you read about different applications and platforms using your personal DATA for their benefit. ColossusXT will continue to push this, and we're prepared to lobby this to lawmakers. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: What type of utilities can $COLX give to users over its competitors like GOLM (computation) or STORJ (Data)?

A: The Colossus Grid has some major differences between Golem and Storj. One we’re a privacy-focused project. If you take a look at many of these applications and platforms today, in some way or another you’re giving up personal information, and/or geographic information. ColossusXT is focused on protecting consumer information, we do not look at privacy as a feature, we see privacy as a right, especially in the tech world today.
The second part of this question is that we’re currently in the verification process of registering with the United States federal and state governments so that we can legally bid on federal and state projects and work with different agencies. This will ensure that as the community members are sharing their idle resources, large corporations and businesses are using it. I’m not aware of the mentioned projects being registered in the United States or taking steps to work with the United States government.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How will computing power and storage sharing look like, for an average user (marketplace, program download)? What are you currently working on, when can we expect MVP? TY
A: The marketplace and Colossus Grid will be inside the ColossusXT desktop wallet that you currently have now. The UI/UX will change some to allow the additional settings and tabs that will become available and we’re preparing an MVP right now and we hope to share those details with you over the next few months, ask us again in the Q3 AMA if you haven’t seen anything yet :)
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: What would you say is the $COLX killer feature that sets it apart from the rest of the competition.
A: We believe that Armis is our killer feature. We recently had a beta this year with the community and will be moving forward later this year with Armis. ColossusXT consumers will have their geographic location and IP fully hidden behind the Armis layer for further security and anonymity for the transactions which will also take place in the Colossus Grid resource marketplace in the future.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: I have been a silent follower of $COLX and I must say that I'm truly impressed with how the team has been diligently working on the project. It'd be nice to have the community be part of something like a bounty or a social awareness contest. As this will not only attract more users to the platform but would also strengthen the bond within the community. When can we possibly expect a community project of this level? #spreadthegrid
A: We currently have a Gleam competition ongoing for social awareness, and we just hired a community manager to spread more community awareness and will be rolling on competitions more regularly. Every quarter we have an AMA on Reddit for the community to ask questions, or just gripe at us, and one person each quarter is awarded 100,000 COLX for participating in the AMA. As we deliver our targets and grow, we will shift more funds from development funds to marketing funds to raise further awareness.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: "Our main competitor is crypto adoption. We are all here to make it happen together.", this is quoted from a founder of a known crypto wallet. Do you see competition as something that strengthens the project as a whole or as a possible distraction due to pressure to be at the top of the crypto ecosystem?

A: This is a two scenario situation. Competition is good for ColossusXT, and we look at our main competitor in blockchain as Golem (GNT), having said that though too much competition or sometimes maximalist behavior isn’t good for crypto, many of these projects should be coming together to lobby lawmakers for laws and regulations that are good for the blockchain industry, as this is still an emerging market and the laws and regulations aren’t exactly in place at this time.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: "For people to believe in crypto, they need to understand the tangible benefits it offers to our society.", a remark made by a crypto project in the past. What exactly would be $COLX real life global benefits? And how do you plan on achieving this?
A: ColossusXT vision will be achievable when the Colossus Grid is released. We are currently in the process of registering with state and federal agencies in the United States, once we are registered to work with these agencies we will pursue contracts with the government, cybersecurity firms and colleges all around the United States, and the world to utilize the resources on the Colossus Grid. We’ve already started building business relationships for this very purpose.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: According to you how much time will it take for $COLX to get into mainstream adoption and execute all the plans set for this project?
A: It’s almost impossible to set a timeline on when the world/people will begin to adopt ColossusXT (COLX) and the Colossus Grid. We don’t believe that adoption for ColossusXT will happen before the Colossus Grid is live, and if I gave you an exact timeline for when or how long it will take you for the Colossus Grid to be adopted I would be lying to you, but we are already forming business relationships and making strategic moves to be able to bid, and work with state and federal agencies in the United States.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Does Tokens.net plan any kind of staking ($COLX or other coins)?
A: We will reach out to the tokens.net team and see if they have any plans to allow staking.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How will you try to boost adoption of #COLX, how do you think you will motivate programmers to join opensource project?
A: The Colossus Grid will be available for anyone to use, or share their idle resources for other consumers to use. We will be focusing on providing these resources to state and federal governments, cybersecurity firms, and researchers all across the world. Certainly, we expect some community members to use these resources to mine different PoW cryptocurrencies, but the team at ColossusXT will be focused on bringing in large colleges and universities as well as big cybersecurity businesses that may need supercomputing power at 1/10th of the current prices. Our programmers are our only paid team members, and we pay them at a competitive rate. We’re looking to bring in some more programmers later this year.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Do you have any special development funds for programmers?
A: Sometimes we pay our programmers out of our own pocket, sometimes we pay them in ColossusXT. It really depends on what kind of agreements have been made. We have been aggressively pursuing different funding opportunities throughout 2020 so that we can expand our development team and in the future, we may have incentives to drive programmers into joining our team. Right now we just stick to a competitive pay scale within the industry.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Why Android Wallet Revision hasn't been done? Any problems?
A: The Android wallet revision took some time to be approved in the Google Playstore, but it has been released and live since June 15, 2020.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Whats the second biggest milestone other than the grid network for COLX team?
A: Armis is likely to be considered our second biggest milestone this year, although as I mentioned above this can easily be overshadowed by our Polis partnership which allows you to spend ColossusXT (COLX) anywhere Mastercard is accepted. Although the epay debit card ownership is currently restricted to certain countries (EU zone only), these restrictions will lift in time.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How is COLX team going to contribute to crypto adoption, other than building a robust network?
A: We’re already in the process of verification to work with state and federal agencies. Adoption for blockchain projects isn’t going to move fast. I read a report just a few days ago about how scammers in the crypto industry stole over 2 million dollars worth of crypto just from the “Elon Musk” impersonations on Twitter.
We will continue to build our network, and seek out state and federal agencies as well as private cybersecurity firms that can utilize the Colossus Grid, we’re not just focused on making noise on social media, we intend to make noise throughout the entire world.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Are their industry partners to COLX that are awaiting your network to go live?
A: Yes, although I hesitate to go into too much detail here. We are talking with business leaders.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: The ongoing crisis affected the market badly, making many projects far from their targets. What is $COLX strategy in order to survive and pass through this crisis?
A: I agree it affected the market badly, especially the projects that raised hundreds of millions of dollars in crypto and held it through the entire market correction. ColossusXT strategy is different from those affected, we’ve always had a smaller budget than these large projects. We spend the money we have available very wisely, and we’re not in a hurry to grab something that sounds good without doing our due diligence. We make our moves very strategically.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: I gotta ask, what made $COLX decide to get listed on Tokens.net? What beneficial advantage does $COLX get in doing so? How about Tokens.net?
A: Tokens.Net is one of the best exchanges ColossusXT is listed at the moment in comparison to others in terms of volume.
  1. Tokens.net is one of the most secure and transparent exchanges out there, registered in the UK.
  2. The team behind the exchange has deep roots in the crypto/blockchain space, it was co-founded by Damian Merlak, a crypto-pioneer and co-founder of Bitstamp.
  3. Tokens.net provides free auto-trading tool / Market Making Bot. Their Dynamic Trading Rights concept adds transparency to trading volumes.
  4. They allow the community voting option of only truly decentralized projects after a thorough screening.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Hey everyone! What is the main purpose of the coin $COLX, does it have its own chain or is it some sort of an ERC-20 token? Thank you for the answers.
A: ColossusXT has never been an ERC-20 coin. We have been operating on our own mainnet since 2017. The purpose of ColossusXT (COLX) is to be the native currency of the Colossus Grid. This will allow users to share their idle resources on their computers, and consumers will rent/buy those resources to complete whatever they intend to use them for, from processing large DATA to running scientific simulations, to even mining PoW cryptocurrencies.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: When we can expect any usecase for COLX? A company or service that uses colx for its activities / tasks.
A: There are currently use cases now if your location allows you to utilize the Polis Pay app, or if you have a Polis Pay card you can buy things with ColossusXT (COLX). I myself have tested the card buying gas at a gas station. These are not ColossusXT’s primary focus though and much of our use case will not start until the Colossus Grid is live.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: What pairs will colx have to trade with on tokens.net // Will you connect #COLX with USDT EURS or BTC?
A: ColossusXT will be initially paired with Bitcoin (BTC). If the community would like different pairs, they can certainly request them and we will reach out to tokens.net and work to facilitate requests.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Will you try to convince users to trade on tokens.net if so how will you do it?
A: There is currently a gleam competition for users to sign up and trade on tokens.net. We “shill” tokens.net accordingly through social media to the ColossusXT community, but can’t really convince anyone to use a certain exchange, although we will try to push as many members to tokens.net as we can. We have many masternode holders who reside in the United States and they are not yet allowed to trade on tokens.net.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How will you try to create liquidity for your pairs?
A: We would like to increase the adoption rate with real-world partnerships such as our partnership with PolisPay for the use of gift/debit cards. As the liquidity is linked with the use cases, supply/demand mechanics, we are also preparing to provide additional use cases of COLX for the crypto world in an innovative & pioneering way; for the time being, we can hint this as a side business till we deliver fully operational Colossus Grid.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: How big is a development team of #COLX?
A: The ColossusXT team is probably bigger than some people realize, partly because many of the team members are very private. We have 9 core members, 2 in-house developers, 3 Colossus Grid architects, and 2 Colossus Grid developers.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Do you have some security guys in the team?
A: Yes, although I’m hesitant to share too many personal details about team members. We have core team members who have been working in different fields of IT security for several years.
--------------------------------------------------------------------------------------------------------------------------------------------------
Q: Since #COLX is planning on having some sort of a marketplace where you can take advantage of computing resources and the blockchain as well, are there any plans on introducing smart contracts? Will it help the grid? Is there a place for it?
A: This has been mentioned a few times in the past so it’s something on our radar, it’s currently not in the development timeline as the Colossus Grid is a massive amount of work. There may be a place for it as the blockchain industry evolves, and I can certainly see some cases where a smart contract can add some value to the Colossus Grid.
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Important Information:
Website
Whitepaper
Roadmap
Business Plan
Wiki
Governance
Partners
GitHub
What is ColossusXT? (YouTube)
---------------------------------------------------------------------------------
Follow ColossusXT on:
Twitter
Facebook
Telegram
Discord
Forums
---------------------------------------------------------------------------------
AMA History:
2018 Q1 2018 Q2 2018 Q3 2018 Q4
2019 Q1 2019 Q2 2019 Q3 2019 Q4
2020 Q1
submitted by PioyPioyPioy to ColossuscoinX [link] [comments]

Hourly News Update

🤖 Mean Polarity = 0.18 | Mean Subjectivity = 0.21
SPX 3252.0| NASDAQ 10853.25| DOW 26742.0| OIL 44.05
submitted by TradeFlags to tradeflags [link] [comments]

𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008* 𝖂𝕰 𝖆𝖘𝖘𝖎𝖘𝖙 𝖞𝖔𝖚 24 𝕳𝖔𝖚𝖗𝖘.

𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*
𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*
𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*
𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*
𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*
𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*
𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*
𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*
𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*
Coinbase gives the USD Wallet and moreover Hosted Cryptocurren
cy Wallet Service to no
CRYPTO Wallet - safely shop, convey and furthermore get Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Ether Classic (ETC), Litecoin (LTC), ERC20 and XRP tokens, and furthermore ERC721 collectibles. You stay in charge of your keys, spared exclusively on your unit utilizing Secure Element know-how. We never have consent to get to the assets of yours.
𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*
• Web three DAPP Browser - Access Web three Decentralized Applications (DApps) driven by Ethereum reasonable agreements. Find and access renowned DApps.
• CRYPTO PAYMENTS - Send cryptographic money installments to anyone, anyplace inside the world.
• BACKUP Private Keys to THE CLOUD - Backup your Wallet 's keys to Google Drive to assist you with avoiding losing your assets on the off chance that you drop the gadget of yours or even lose your recuperating expression.
𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*

Different features include:
• Generate an imaginative Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC) just as XRP funds in secs • Connect your Coinbase.com financial balance and furthermore rapidly move crypto to the individual guardianship
𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*
• See the current cost of advantages in the wallet of yours inside your local money
• Automatically incorporate well known ERC20 tokens and furthermore ERC721 collectibles in your wallet • Browse Web three DApps like decentralized trades, person to person communication, collectibles and games, commercial centers, employments, crowdfunding, and different things.
detriment. This implies we are going to store your computerized cash and USD at zero expense to you. "Computerized cash" connotes some cryptographic cash right now maintained by Coinbase. We don't charge for moving computerized cash from one Coinbase wallet to one more.
𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*
Coinbase realizes and moreover pays mastermind trade costs, like digger's costs, for trades on computerized cash frameworks, i.e., moves of cryptographic cash on the Coinbase stage. For such a trades, Coinbase will charge you a cost subject to our estimation of the system trade costs that we predict spending for each purchase. In unequivocal conditions, the charge that Coinbase pays may differentiate from that estimation. All costs we charge you'll be revealed at the hour of your trade.
𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*
Advanced cash Transactions General Alongside getting or sending computerized money through Coinbase, buyers can
𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*
(1) Buy or even development one advanced cash (a cryptographic cash buy or even computerized money bargain).
(2) Turn one kind of advanced cash into another sort of cryptographic cash (a computerized cash change). Ensuing to checking inside to Coinbase.com, pick the blue Trade catch to see the feature screen.
Exactly when you demand a computerized cash trade, Coinbase will attempt to pack that demand through one or maybe certainly more demands on Coinbase's trading wedge, Coinbase Pro. Coinbase sets up the exchange number for advanced cash trades (customer exchange cost) by including an edge, or potentially spread (the spread), with the business community exchange rates on Coinbase (Pro exchange charge).
𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*
Coinbase may in like manner charge an alternate charge (in add on the range), possibly a level cost, or maybe a piece on the trade (the Coinbase Fee), as more discussed underneath inside the walkway entitled Buy/Sell Transactions.
𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*
Coinbase Fees could change reliant on the zone of yours, various conditions, and portion technique. Sometimes, we may charge an extra cost on moves forward and backward from your's money related parity. We'll generally advise you regarding all Coinbase (disdain the edge) and other help costs which impact each trade soon before you con? Rm each arrangement shouldn't something be said about the receipt we issue to empower you to legitimately after each purchase has handled.
𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*
Coinbase spares the perfect to decay a trade if Coinbase can't pack a relating purchase on Coinbase Pro as there have a lot of changes in the market cost of an advanced money. An endeavor outperforms the most raised solicitation estimations on Coinbase Pro, or maybe a solicitation timing out in light of moderate server response time.
The Pro exchange charge likely won't be available in astonishing conditions on account of power outages or even standard help. To effortlessly you with constant providers at such time, we may get promote esteeming data from dangerous? Recorded cash switches. Exchange costs refered to in these conditions are needy upon a refered to spread outperforming fifty basic core interests.
𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*
How Coinbase base become notable To keep up the crypto excitement, Coinbase needs to help genuine employments of crypto assets - and not just theory.
Coinbase is seen as the most standard client going up against crypto-asset exchange inside the United States. Working after 2011, customers are allowed by the association to purchase, advance, and store crypto assets, as ethereum and bitcoin.
𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*
The association likely has noteworthy detectable quality with customers in an area that was once only the district of crypto-asset devotees. In mid-December, the business' flexible application goes to the best area on Apple's App Store.
Coinbase's customers regularly can be sorted as one of 2 social affairs: (one) theorists and (two) every single one of those executing with crypto-assets. For theorists, Coinbase inclinations moving money to its "cool amassing" vaults, that it ensures against Coinbase hacking. These vaults are isolated from on the web, and they offer extended security. For every single one of those executing (or trading on various exchanges), customers are allowed by Coinbase to introduce money from Coinbase on different various wallets.
𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*
Coinbase has taken off in affirmation and traded itself into the on-ramp for standard crypto theorists by placing itself in a protected harbor among crypto-asset switches. The association has never been hacked, not typical for a huge amount of its opponents. Coinbase has furthermore twistedly looked for after consistence with existing laws and law execution, putting it on the right piece of the law - another immense favored situation in a segment that residual parts inside wild enthusiasm of regulatory assistance.
Taking everything into account, while Coinbase is notable because of its crypto assets exchange, its more noteworthy goals than helping individuals purchase and sell crypto. The association's communicated target echoes crypto assets fans' central vision: to convey a recently out of the crate new, "open budgetary structure."
For the second being, notwithstanding the way that, Coinbase looks a phenomenal course of action like a standard fiscal organizations player. Coinbase can acquire money by charging costs considering its exchange and agent. Likewise, it supervisors customer money, for instance, a record, and picks what crypto assets for list, for instance, the NYSE or NASDAQ.
Coinbase, as needs be, winds up caught in universes: it is apparently the most especially financed blockchain association inside the United States, anyway it is a united association, not a decentralized record. The affiliation once promoted crypto assets since the "destiny of money" in any case positions itself as an approach to "buy and advance modernized cash." In habits that are many, Coinbase is the united on-ramp to some decentralized organic framework.
𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*
Coinbase has redesignd its illuminating notwithstanding customer experience to exploit this model, using its essential page right presently consoling supporters of "procurement and advance modernized money," correctly where it as of late welcomed endorsers of "the probable destiny of money." Thiswill make a great deal of feeling as a business: Coinbase makes salary on every single exchange (taking into account volume). It is thusly helped to help ordinary trading and theory decision.
Advantages of Coinbase
Coinbase is the means by which the world used crypto. In 2012, Coinbase had the underlying thought that anyone - anyplace - ought to positively safely and effectively get to Bitcoin. We notice digital currency as the likely eventual fate of money and an impetus for building an open budgetary technique around the planet.
These days, more than thirty-5,000,000 people in more than Coinbase are trusted by 100 nations to purchase, store, sell, use, and get digital money.
Coinbase's interface that is straightforward intends to make it basic for first-time clients to buy bitcoins. The most utilized installment techniques for Coinbase customers are purchasing having a Visa or perhaps a charge card and utilizing a bank move.
Coinbase Wallet joins different amazing abilities:
• Secure USER CONTROLLED
• Backup and recapture wallet utilizing standard 12 words BIP39 recuperating phrases (perfect with Cipher) and MetaMask
• Sign messages cryptographically along with your basic individual Coinbase is by all accounts focusing on novice bitcoin fans/casual brokers who like effortlessness. Moreover, they organize US shoppers and USD exchanging. Simultaneously, they're endeavoring to create past the "Purchase Bitcoin and have a charge card" specialty area of Circle.
Coinbase gives off an impression of being sensibly secure (no indications of disappearing with purchaser cash ala Mt. Gox). There have been various issues of records being shut and installments deferred/dropped, so be careful they consider a forceful, hands-on present towards each stage use, which might be associated with potentially sketchy action.
They appear to get particular treatment originating from US specialists and no doubt like to keep it as such by means of surpassing Policing clients and KYC prerequisites themselves.
𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*
Coinbase gives the USD Wallet and moreover Hosted Cryptocurrency Wallet Service to no detriment. This implies we are going to store your computerized money and USD at zero expense to you. "Computerized cash" means some cryptographic cash right now maintained by Coinbase. We don't charge for moving advanced c
coinbase support number.
coinbase technical support number.
coinbase toll free number.
coinbase helpline number.
coinbase customer care number.
𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 🅃🄾🄻🄻 🄵🅁🄴🄴 𝕹𝖚𝖒𝖇𝖊𝖗 +1**833**905**2008\*
submitted by SnooPets2527 to u/SnooPets2527 [link] [comments]

Ethereum 2.0: Why, How And Then?

Ethereum 2.0: Why, How And Then?
Why update Ethereum? One problem of the Ethereum network that the update should solve is scalability. At the moment, its blockchain can perform to 15 transactions per second, which is over two times more than that of bitcoin. However, this speed is still not enough for a large number of users. For example, the Visa payment system can perform up to 24 thousand transactions per second.
Adding an Optimistic Rollup technology will help to solve the scalability problem. According to Vitalik Buterin, the creator of Ethereum, its implementation will occur after the network’s update and will increase its throughput to 1000 transactions per second.
by StealthEX
Another solution to this problem is a change in the algorithm. Currently, Ethereum runs on the same protocol as Bitcoin, Proof-of-Work, confirmation of transactions in the cryptocurrency network occurs using the computing power of processors.
Using the Proof-of-Work algorithm limits the growth of the Ethereum network bandwidth. To withstand a large load, more miners are needed, but the growth of their number slows down since it becomes more difficult to mine cryptocurrency and, consequently, less profitable.
This is the reason the Ethereum development team is planning to switch to the Proof-of-Stake algorithm. Unlike the PoW, it does not require the use of computing power to confirm blocks. Instead of miners, transactions will be confirmed by validators. To become a validator, the user should have 32 ETH and install a special client. From a technical point of view, this is easier than buying mining devices and maintaining their functionality, as well as looking for access to cheap electricity. Thus, the system will no longer need expensive hardware.
The main solution to the scalability problem will be to implement sharding. Current Ethereum network is a unified database. After the update, the blockchain will be divided into autonomous, interacting blocks — shards, each of which will process particular transactions and smart contracts, which, however, will be recognized by the entire Ethereum blockchain. Nodes that form the shard process information separately, this allows maintaining the principle of decentralization. This is important since the risk of centralization is another big problem of the old algorithm.
Since the complexity of mining has increased over time, and now this process requires having expensive equipment and access to cheap electricity, small participants can not afford to stay in the game. In such conditions, big pools of miners that can provide higher productivity have a decisive advantage. For example, in April, more than 50% of the computing power of the Ethereum network was provided by only two mining pools. This creates a significant risk of centralization and “51% attacks”.
Validators will confirm transactions and get rewards in the form of passive income. According to the project’s roadmap, this amount will vary from 1.81% to 18.1%. The profitability of the stacking will depend on the number of validators. The more of them, the smaller the amount they get. However, there will be some costs. In the same Ethereum 2.0 roadmap, developers mentioned that the cost of validating transactions, based on rough calculations, will be about $180 per year. One of the developers of the project, Justin Drake, predicts that on average the validator will receive an income of 5% per year.

What is the estimated Ethereum 2.0 release date?

The launch of Ethereum 2.0 will take place gradually, in six stages, the “zero” of which is expected this summer. However, it is worth noting that due to finding vulnerabilities, the dates have already been shifted several times–initially, the transition to the new version was planned in 2019.
One of the developers of the project, Afri Schoedon, said that the launch could be postponed to 2021. According to him, under favourable circumstances, the main network can be presented in November of this year, but there are certain difficulties in this.
Schoedon explained that before launching ETH 2.0, all of its clients must be brought to the same specifications. After that, the developer’s team needs to open a unified deposit contract so that users can transfer their assets from the old chain to the new one. Between these stages, developers also need additional time, so they could test all aspects of the new system.
As it usually happens, there’s going to be two parallel blockchains as a result of the hard fork. The first one, ETH1, will continue to work using an old protocol, while the update will be implemented on ETH2. Users will be able to transfer their coins from the old blockchain to the new one, but not vice versa. The appearance of sharding will allow developers to move to phase 1.5 — during this phase, ETH1 will merge with ETH2, becoming one of the 64 “shards” of the updated blockchain. In the second phase, smart contracts become available on ETH2, which can be considered the full start of its economic activity.

And what are expectations?

Updating the Ethereum network will increase its technical capabilities, namely, it will speed up and reduce the cost of transactions, as well as make the blockchain less vulnerable for centralization process.
Currently, the absolute majority of decentralized finance projects are developed using the Ethereum platform. The Ethereum 2.0 release will probably attract even more partners who will use the blockchain for their projects.
Ryan Watkins, Messari Analysis company’s researcher, highly values the importance of updating.
“ETH 2.0 is a much stronger catalyst than the Bitcoin halving simply because it’s an uncertain and fundamental change.” — Ryan Watkins wrote on his Twitter account
And the part about uncertainty is hard to disagree with. Of course, there are some concerns about the bright Ethereum future. The coming hard fork carries with it potential negative consequences. For example, after switching to the PoS algorithm, the US Securities and Exchange Commission (SEC) may well admit Ethereum as a security, which will lead to legal complications similar to those faced by Pavel Durov when trying to launch his TON blockchain platform.
For now, ETH is the most popular coin for mining at home, and most of these miners will probably just leave the network.
There is also a risk that the price of Ethereum may fall. To receive passive income for storing ETH, the user will not only need to have 32 coins but also block them through a special transaction. They will not be able to withdraw these blocked funds immediately. As stated in the project roadmap, the cryptocurrency withdrawal process will take at least 18 hours. This could take even more time if many users request the return of tokens at the same time. Thus, if ETH falls in price, it will be impossible to sell it immediately, and there is a risk of losing some capital and all the income received from stacking.
Nevertheless, investors are mostly optimistic — the volume of Ethereum options on the Deribit exchange has grown to a historical high, which indicates confidence in the future of Ethereum project. The ETH price is also growing, having overcome the consequences of the March collapse of cryptocurrencies.
Most experts agree that Ethereum price will grow after the update. On the one hand, the altcoin will become more expensive, as it will become a more attractive investment. On the other hand, the offer will decrease, as users will start transferring coins from the first version of the network to the second, to block them for passive income.
If you want to participate in the future fate of the ETH project, you can buy Ethereum using our service. We provide fast, anonymous and limitless swaps between over 250 cryptocurrencies. Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example BTC to ETH.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [[email protected]](mailto:[email protected]).
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/06/30/ethereum-2-0-why-how-and-then/.
submitted by Stealthex_io to StealthEX [link] [comments]

Ethereum 2.0: Why, How And Then?

Ethereum 2.0: Why, How And Then?
Why update Ethereum? One problem of the Ethereum network that the update should solve is scalability. At the moment, its blockchain can perform to 15 transactions per second, which is over two times more than that of bitcoin. However, this speed is still not enough for a large number of users. For example, the Visa payment system can perform up to 24 thousand transactions per second.
Adding an Optimistic Rollup technology will help to solve the scalability problem. According to Vitalik Buterin, the creator of Ethereum, its implementation will occur after the network’s update and will increase its throughput to 1000 transactions per second.
by StealthEX
Another solution to this problem is a change in the algorithm. Currently, Ethereum runs on the same protocol as Bitcoin, Proof-of-Work, confirmation of transactions in the cryptocurrency network occurs using the computing power of processors.
Using the Proof-of-Work algorithm limits the growth of the Ethereum network bandwidth. To withstand a large load, more miners are needed, but the growth of their number slows down since it becomes more difficult to mine cryptocurrency and, consequently, less profitable.
This is the reason the Ethereum development team is planning to switch to the Proof-of-Stake algorithm. Unlike the PoW, it does not require the use of computing power to confirm blocks. Instead of miners, transactions will be confirmed by validators. To become a validator, the user should have 32 ETH and install a special client. From a technical point of view, this is easier than buying mining devices and maintaining their functionality, as well as looking for access to cheap electricity. Thus, the system will no longer need expensive hardware.
The main solution to the scalability problem will be to implement sharding. Current Ethereum network is a unified database. After the update, the blockchain will be divided into autonomous, interacting blocks — shards, each of which will process particular transactions and smart contracts, which, however, will be recognized by the entire Ethereum blockchain. Nodes that form the shard process information separately, this allows maintaining the principle of decentralization. This is important since the risk of centralization is another big problem of the old algorithm.
Since the complexity of mining has increased over time, and now this process requires having expensive equipment and access to cheap electricity, small participants can not afford to stay in the game. In such conditions, big pools of miners that can provide higher productivity have a decisive advantage. For example, in April, more than 50% of the computing power of the Ethereum network was provided by only two mining pools. This creates a significant risk of centralization and “51% attacks”.
Validators will confirm transactions and get rewards in the form of passive income. According to the project’s roadmap, this amount will vary from 1.81% to 18.1%. The profitability of the stacking will depend on the number of validators. The more of them, the smaller the amount they get. However, there will be some costs. In the same Ethereum 2.0 roadmap, developers mentioned that the cost of validating transactions, based on rough calculations, will be about $180 per year. One of the developers of the project, Justin Drake, predicts that on average the validator will receive an income of 5% per year.

What is the estimated Ethereum 2.0 release date?

The launch of Ethereum 2.0 will take place gradually, in six stages, the “zero” of which is expected this summer. However, it is worth noting that due to finding vulnerabilities, the dates have already been shifted several times–initially, the transition to the new version was planned in 2019.
One of the developers of the project, Afri Schoedon, said that the launch could be postponed to 2021. According to him, under favourable circumstances, the main network can be presented in November of this year, but there are certain difficulties in this.
Schoedon explained that before launching ETH 2.0, all of its clients must be brought to the same specifications. After that, the developer’s team needs to open a unified deposit contract so that users can transfer their assets from the old chain to the new one. Between these stages, developers also need additional time, so they could test all aspects of the new system.
As it usually happens, there’s going to be two parallel blockchains as a result of the hard fork. The first one, ETH1, will continue to work using an old protocol, while the update will be implemented on ETH2. Users will be able to transfer their coins from the old blockchain to the new one, but not vice versa. The appearance of sharding will allow developers to move to phase 1.5 — during this phase, ETH1 will merge with ETH2, becoming one of the 64 “shards” of the updated blockchain. In the second phase, smart contracts become available on ETH2, which can be considered the full start of its economic activity.

And what are expectations?

Updating the Ethereum network will increase its technical capabilities, namely, it will speed up and reduce the cost of transactions, as well as make the blockchain less vulnerable for centralization process.
Currently, the absolute majority of decentralized finance projects are developed using the Ethereum platform. The Ethereum 2.0 release will probably attract even more partners who will use the blockchain for their projects.
Ryan Watkins, Messari Analysis company’s researcher, highly values the importance of updating.
“ETH 2.0 is a much stronger catalyst than the Bitcoin halving simply because it’s an uncertain and fundamental change.” — Ryan Watkins wrote on his Twitter account
And the part about uncertainty is hard to disagree with. Of course, there are some concerns about the bright Ethereum future. The coming hard fork carries with it potential negative consequences. For example, after switching to the PoS algorithm, the US Securities and Exchange Commission (SEC) may well admit Ethereum as a security, which will lead to legal complications similar to those faced by Pavel Durov when trying to launch his TON blockchain platform.
For now, ETH is the most popular coin for mining at home, and most of these miners will probably just leave the network.
There is also a risk that the price of Ethereum may fall. To receive passive income for storing ETH, the user will not only need to have 32 coins but also block them through a special transaction. They will not be able to withdraw these blocked funds immediately. As stated in the project roadmap, the cryptocurrency withdrawal process will take at least 18 hours. This could take even more time if many users request the return of tokens at the same time. Thus, if ETH falls in price, it will be impossible to sell it immediately, and there is a risk of losing some capital and all the income received from stacking.
Nevertheless, investors are mostly optimistic — the volume of Ethereum options on the Deribit exchange has grown to a historical high, which indicates confidence in the future of Ethereum project. The ETH price is also growing, having overcome the consequences of the March collapse of cryptocurrencies.
Most experts agree that Ethereum price will grow after the update. On the one hand, the altcoin will become more expensive, as it will become a more attractive investment. On the other hand, the offer will decrease, as users will start transferring coins from the first version of the network to the second, to block them for passive income.
If you want to participate in the future fate of the ETH project, you can buy Ethereum using our service. We provide fast, anonymous and limitless swaps between over 250 cryptocurrencies. Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example BTC to ETH.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
Follow us on Medium, Twitter and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [[email protected]](mailto:[email protected]).
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/06/30/ethereum-2-0-why-how-and-then/.
submitted by Stealthex_io to conspiracy [link] [comments]

Cryptocurrency Investments Part I. Masternodes and ICO, IEO, STO.

Cryptocurrency Investments Part I. Masternodes and ICO, IEO, STO.
Cryptocurrency Investments

https://preview.redd.it/93gz1j4tt2551.jpg?width=2048&format=pjpg&auto=webp&s=30a4a18bad8032d77989d315138ee8943886c614
1. Masternodes In fact, the term hides servers with a certain number of blocked coins. They are constantly online and sign blocks. The reward is rewarded in the coins of the network. Creating a masternode is an expensive process that is not accessible to every investor. Everyone who wants to set up a masternode must go through a kind of financial selection - to buy a large number of cryptocurrencies. The amount determined by the rules of the network is frozen on the wallet of the owner of the masternode. It is worth noting that the freezing of a significant amount of funds in little-known cryptocurrencies can cause serious losses, primarily due to the volatility of the cryptocurrency market, and secondly, low liquidity when selling, that is, it can be traded on an exchange with a trading volume of $ 10 (at an acceptable price to you price). Analyze information on bitcointalk and other cryptocurrency forums in order to know how the project is developing. Or you will be engaged not in investments, but in the game of roulette. Since the rate of most cryptocurrencies can change by hundreds of percent during the year, it is almost impossible to calculate the future yield of the masternode in dollars. Investors can only focus on the current profit paid to the owners of the main nodes in various cryptocurrencies.
Regardless of the selected cryptocurrency, setting up a masternode is reduced to sequentially performing 3 steps:
Configuring software for the masternode to work on a remote server.
Buying a sufficient amount of cryptocurrency and sending it to your own wallet tied to a masternode.
Start masternode.
Reliable requirements are placed on the reliability of masternodes: The server must be available 24/7, only insignificant periods of disconnection from the network are allowed (several hours a year). A node needs a dedicated IP address to operate. The speed of the Internet connection should be constant, without significant drawdowns. Ensuring the fulfillment of these conditions in your home or apartment is quite difficult. The user will need to connect a dedicated IP, constantly keep ready a backup communication channel and provide uninterrupted power to the computer in case of a power outage. In practice, it is much simpler and cheaper to rent a virtual server (VPS) or use the services of specialized hosting services that offer their help in setting up a masternode. The unpredictability of the cryptocurrency rate is the main danger in creating a masternode. A prolonged market downturn can significantly increase the payback period. The popularity of the currency also affects the profitability of the masternode: the more transactions go through the blockchain, the higher the reward for the owner of the node.
When choosing a masternode, you should pay attention to the following parameters:
1. How long a project is on the market - the more the better. Coins that were created less than a year ago should be treated with caution, however, they just provide the opportunity to receive super-profits. 2. Capitalization - the higher the better. 3. ROI - return on investment. This term defines the return on investment for a certain period of time. It is better to calculate it yourself, since monitoring services try to impress investors and calculate it for short periods of time, including one day, which does not make sense at all. 4. The dynamics of changes in the price of coins. The yield of a masternode may have little or no effect on the outcome of an investment if the price of a coin changes regularly and exhibits an unclear long-term trend. Be sure to analyze the behavior of the value of the coin over the past few months. It is desirable that it be stable and change in accordance with the behavior of Bitcoin. In addition, the changes should be smooth. 5. Developers Examine the team representatives and their past achievements. It is desirable that the developers already had some kind of worthwhile product. At a minimum, they should not be implicated in all kinds of scam schemes - this will partially exclude the possibility of manipulating coin prices or the banal disappearance of the project.
https://masternodes.pro/statistics
https://masternodes.online/
MNO is a masternode coin monitoring and stats service. MNO does not research or recommend any coin. Do your own research and invest at your own risk. ROI changes often and is not the most important factor. Please consider Dev Team - Community - PURPOSE/Platform - Liquidity - Wallet when making masternode purchases.
Masternodes.online uses the CoinGecko API and selected verified exchanges for ALL price, volume and marketcap numbers for validation. The only exceptions are ICOs and newly listed coins that have not yet been listed on CoinGecko or on verified exchanges.
2. ICO, IEO, STO ICO, Initial coin offering - a form of attracting investments in the form of selling to investors a fixed number of new units of cryptocurrencies. The primary exchange offer, IEO is a variant of ICOs managed directly by cryptocurrency exchanges. In the ICO, investors buy tokens in order to benefit from an increase in the value of the asset, or to access the platform services. In STO, investors invest their money in order to receive dividends, an influx of finance or a voting right that is directly tied to a security. Choosing a project for investment: Field of activity Project white paper Presentation Project roadmap Social Networks (audience size, project activity) Team (Developer Profiles) Advisers Estimates of ICO project trackers Difference from competitors Institutional Investors Token Economics (total issue, distribution) Soft Cap and HC Smart contract Github Discounts on pre-sale There are also platforms that are engaged in collective investment in ICOs, therefore you can invest a smaller amount.
Also track projects through ICO trackers:
https://topicolist.com/
https://icobench.com/
https://icotop.io/
https://icoholder.com/
https://brothersrating.com/
https://www.coinmarketplus.com/
https://foundico.com/
https://icobliss.com/
https://www.trackico.io/
https://icobuffer.com/explore
https://icomarks.com/
https://findico.io/
https://ico-analytics.global/
https://www.listico.io/
In my opinion, it is also very important to keep track of which cryptocurrencies large investment funds are investing in, if you have detailed analytics, which coins most venture capitalists have invested and who are currently trading below the ICO price, write in the comments.
submitted by dimaver19 to u/dimaver19 [link] [comments]

Satoshi Nakaboto: ‘Traders accuse Coinbase of pulling the plug when Bitcoin makes sharp moves’

Bitcoin price

We closed the day, June 03 2020, at a price of $9,656. That’s a minor 1.28 percent increase in 24 hours, or $122. It was the highest closing price in one day.
We’re still 51 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $177,619,631,126. It now commands 66 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $25,007,459,262 was the lowest in one hundred and twenty-eight days, 8 percent above last year’s average, and 66 percent below last year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 456 tons of gold.

Bitcoin transactions

A total of 312,373 transactions were conducted yesterday, which is 2 percent below last year’s average and 30 percent below last year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $1.31. That’s $2.59 below last year’s high of $3.91.

Bitcoin distribution by address

As of now, there are 13,485 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.
Furthermore, the top 10 Bitcoin addresses house 5.2 percent of the total supply, the top 100 14.7 percent, and the top 1000 35.1 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $178 billion, Toyota has a market capitalization most similar to that of Bitcoin at the moment.

Bitcoin’s path towards $1 million

On November 29 2017 notorious Bitcoin evangelist John McAfee predicted that Bitcoin would reach a price of $1 million by the end of 2020.
He even promised to eat his own dick if it doesn’t. Unfortunately for him it’s 97.3 percent behind being on track. Bitcoin‘s price should have been $360,963 by now, according to dickline.info.

Bitcoin energy consumption

Bitcoin used an estimated 159 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 58 terawatt hour. That’s the equivalent of Bangladesh’s energy consumption or 5.4 million US households. Bitcoin’s energy consumption now represents 0.26% of the whole world’s electricity use.

Bitcoin on Twitter

Yesterday 32,772 fresh tweets about Bitcoin were sent out into the world. That’s 69.0 percent above last year’s average. The maximum amount of tweets per day last year about Bitcoin was 82,838.

Most popular posts about Bitcoin

This was one of yesterday’s most engaged tweets about Bitcoin:
https://twitter.com/Cointelegraph/status/1268146044883202049
submitted by PresentType to bitcoininfosdmixerss [link] [comments]

LOEx Market Research Report on May 29: In the wedge trend, 10500 points on the upper edge of the triangle become the key point

LOEx Market Research Report on May 29: In the wedge trend, 10500 points on the upper edge of the triangle become the key point
[Today's Hot Tips]
1. [Tokenview: The hashrate of the entire Bitcoin network returns to more than 100 EH / s]
Tokenview block browser data shows that the transaction volume on the Bitcoin chain in the past 24 hours was 895,900 BTC, a decrease of 23.3% from the previous month, and the number of transactions on the chain was 303,100, an increase of 3.33% from the previous month. The real-time hashrate of the entire network is about 100.76 EH / s, and the median transfer fee is about $ 1.482.
2. [interesting data of the coin world: the number of transactions on the BTC chain decreased by 48.41% compared with yesterday]
As of May 28, the number of active BTC addresses was 475,800, a decrease of 41.71% from yesterday; the number of transactions on the chain was 151,000, a decrease of 48.41% from yesterday; there were 543 large transfers with more than 100 BTC chains, a decrease of 0.73% compared with yesterday. The number of active ETH addresses was 301,200, a 33.39% decrease from yesterday. The Institute of Coin World believes that there is a positive correlation between the active transaction status on the chain and the currency price.
3. [The Shelley upgrade of Cardano will take place from the end of June to the beginning of July]
Cardano founder Charles Hoskinson announced that Cardano's Shelley upgrade will be launched between June 30 and July 7.
[Today's market analysis]
Bitcoin (BTC)BTC continued to narrowly adjust around 9450 USDT in the early hours of this morning, and began to rise at 6 o'clock. It returned to above 9600 USDT in a short time and rose to 9622.7 USDT. At present, BTC is generally adjusted within a narrow range around 9600 USDT. The mainstream currencies followed the consolidation, and various currencies saw a rapid rise in the morning after the sideways adjustment. BTC is currently reported at 9532 USDT at the LOEx Global, with a 0.26% increase in 24h.
https://preview.redd.it/690x2sdp6n151.png?width=554&format=png&auto=webp&s=d9e299e5c1af65b90e441b2db2245e30a0903955
At present, we are still in the descending triangle channel, but coincidentally, if our pie can break through the key high point of 10500 in the near future, it will also break out of the descending triangle pattern at the same time. At that time we can be very sure that we are already in the big third wave! If it ’s fast, we can know the answer in June. If it can’t break through again, it is estimated that we can be lucky enough to pick up a $ 7,000 pie, but our currency friends will have to stay for a few more months because It may be able to rush again in October!
If the pie finally breaks the limit of the triangle trend, we confirm that our position is indeed the third wave, then it will do an intermediate shock at 11,000, and then choose to attack. That means that the pie will soon break through the $ 20,000 mark and usher in the big bull market that everyone knows. But if we sum up experience from historical data, we cannot be too happy. Because we may have to face at least two major monthly callbacks, the callback amplitude will not be lower than 30%.
That is to say, when the pie rushed to the first wave of $ 14000, it may also fall back to $ 8500.
Operation suggestions:
Support level: the first support level is 9500 points, the second support level is 9200 integers;
Resistance level: the first resistance level is 9700 points, the second resistance level is 9800 points.
LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Singapore Monetary Authority (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 1 million community members in 24 hours.
submitted by LOEXCHANGE to u/LOEXCHANGE [link] [comments]

The basics of crypto-trading: indicators, charts and trend lines

The basics of crypto-trading: indicators, charts and trend lines

The basics of crypto-trading: indicators, charts and trend lines
Halving on the Bitcoin network has become one of the key events in the cryptocurrency market, which has fueled the interest not only of long-standing players, but also has caused the release of new ones. This is evidenced by recent data on the growing demand for crypto assets on top cryptocurrency exchanges such as Bithumb Global. For those who are just getting acquainted with the crypto-market and want to try their hand at trading a new class of assets, we will tell you what tools crypto-exchanges offer and how to use them in crypto-trading.
To start trading cryptocurrencies, you must first select:
• Crypto-wallet — there are several types of crypto-wallets: hot, cold, desktop, mobile and paper. All of them provide different levels of security and convenience. At the same time, the best option for storing cryptocurrencies is the use of two different wallets — hot and cold. So do most large companies working with digital assets.
• Crypto-exchange is a trading platform that will allow you to exchange, buy and sell cryptocurrencies. Such platforms can be centralized (CEX), decentralized (DEX) or hybrid, combining the qualities of CEX and DEX.
• A crypto-portfolio is a collection of crypto-assets collected for profit. It is best to form it in three stages: part of the currency for long-term storage (from 1 year and longer), another part — a medium-term deposit (up to six months) and a deposit for trading for several days or a week. When starting crypto trading, it is advisable to diversify your investment in a deposit for trading, paying attention not only to the potential of a particular coin, but also to the ways of earning that the cryptocurrency market offers. Experts advise at the initial stages to choose assets from the top 10 rating by capitalization.

Terminology

Order — a trader’s request for a cryptocurrency transaction. Orders are divided into market orders — for purchase (Buy) or sale (Sell), and pending — requests for a transaction at a non-market price, waiting for it to be at the right level. Pending orders include:
⁃ Limit — for sale / purchase at a price higher / lower than the current market price
⁃ Stop loss — orders to limit the loss
⁃ Take Profit — Take Profit Order
Market maker and market taker are market participants who create and accept orders. The market maker creates a new transaction request, increases the turnover of the exchange and raises the liquidity of the crypto asset, while the receiving market taker takes the asset out of circulation, lowering its liquidity. In this connection, different commissions are introduced on some crypto exchanges for makers and takers.
Exchange Cup or Order Book — a table with limit orders, which displays the closest sellers and buyers, where sellers’ orders are marked in red, and buyers are marked in green. The columns of the table show the number of cryptocurrencies and the price at which they intend to sell or buy. At the junction of these tables, a spread is formed — the difference in the price of supply and demand. The lower the spread, the more liquid the cryptocurrency. The analysis of the stock market is a leading indicator of the state of the market, since it allows you to predict changes before they happen.
Long and short positions (Long and Short) — the usual “mode” of trading. In the case of a long position, we buy cheaper and sell more. It is believed that the growth of assets in the market is a long process, therefore, work in this direction is also called long. The second option means a short position, that is, a game for a fall. The market believes that the decline in the value of assets occurs quickly, that is, in a short time. Therefore, this position is called “short.”
Exchange chart — shows the change in the price of cryptocurrency over time and is the most important tool for technical analysis. Charts display price changes with a line, bar and candlestick.
Bulls and bears — in the market so-called buyers and sellers. There is an analogy with the nature of animals: buyers always push the price up, creating a demand for something, and it turns out that the price seems to be pushed by horns. In this connection, bulls are optimists, they believe that the prices of the shares they bought will rise, and someday they will sell the asset more expensive than they bought. The bulls in the market are overwhelming (by approximate estimates, up to 80%), long investments are kept on them, and the bull trend means stable growth of stocks and general welfare. Bears, in turn, are sellers who have learned to capitalize on a falling market: they usually try to sell cryptocurrencies faster, often lowering the price of an asset. Concluding a contract for the sale, they fix its value, and then wait until the goods fall in price, close the deal and put the proceeds in their pocket. Bears are interested in a constant reduction in prices and achieve their goal, provoking an increase in supply: open short positions and sell until the price drops to the desired level.
Technical analysis is a set of tools for market forecasting of prices based on the movement of value in the past. In technical analysis, the same tools can be used for different markets and trading pairs with a slight adjustment of indicators. Also, technical tools are equally successfully used on any timeframes — from a minute to a year.
Fundamental analysis — this type of analysis is based on the consideration of financial and production market indicators that may affect the price of a traded instrument. The mood of market players, current and growing trends, indicators of production activity — all this information can give an extensive idea of the potential of the investment object in question. The main disadvantage of the fundamental analysis is that the information provided by him is insufficient to predict the movement of prices in some local areas. It is possible to determine a potentially good company that has excellent financial performance and has real prospects, but it will be impossible to determine the moment of entering a short-term profitable trade with a good indicator of risk to profit ratio.
Pattern — behavioral model / trading setup / market pattern. Patterns are one of the most common methods for analyzing price movements. Each pattern is always based on a certain idea, the simplest and most understandable. There are a lot of trading models, but all of them are derived from the classical model of breakdown or rebound from certain significant price levels.

Basic cryptocurrency trading tools at Bithumb Global

Using the example of a centralized cryptocurrency exchange Bithumb Global, we will analyze the main elements that cryptotraders will encounter in the initial stages of trading. When choosing a cryptocurrency exchange, first of all, you need to pay attention to the presence of:
⁃ Convenient ways to deposit and withdraw funds
⁃ Fiat currency support
⁃ High number of trading pairs
⁃ Information on the current state of cryptocurrency rates
⁃ Cryptocurrency Rate Charts
⁃ Technical indicators
⁃ Different levels of user verification
⁃ Built-in cryptocurrency wallet
⁃ 24/7 tech support
On the Bithumb Global main page, a selection of top trading pairs is offered, where cryptocurrency tickers are listed, their price, exchange rate for the last day, daily trading volume and the asset quotes movement chart.

Top trading pairs at Bithumb Global. Source.
If you select a pair from this list, then Bithumb Global will automatically transfer the user to the Base Version of Spot Trading. Spot trading — the terms of the transaction with cryptocurrency, in which payment is made to both parties immediately.
Here the user can get acquainted with the latest price of an asset, the volume of transactions with it, data on transactions and the minimum and maximum prices for the last day.

Basic Version of Spot Trading on Bithumb Global. Source.
You can select another trading pair in the top menu by hovering over the corresponding button, but the easiest way is to find the desired pair through the search. At the same time, the Professional Version of Spot Trading opens up a wider set of tools for the user, which will be discussed later.

Trading Tools Professional Version Bithumb Global

On the Professional Version, users can use price charts in the form of Candles, which look like a series of vertical lines and display price changes, where the upper point shows the maximum that the price has reached and the lower one — the minimum. If the closing price is lower than the opening, then the candle will be painted red or black, and if higher, then green or white. Knowing the direction of the price movement (body color of the candle), we can say exactly where the closing and opening prices are.

Price chart in the form of Candles at Bithumb Global. Source.
Also in this version of Spot Trading, a price chart is available to users in the form of a Glass, where sellers ‘bids are marked in red and buyers’ bids are marked in green. The analysis of the stock market is a leading indicator of the state of the market, since it allows you to predict changes before they happen. If, for example, a large congestion of sales requests at the upper price limit can be noted, then as soon as the market reaches this limit, a recession will provoke, triggered by a large number of sales.

Price chart in the form of a Glass on Bithumb Global. Source.
Price charts also have different timeframes — from 1 minute to 1 week, which allows you to conduct a more in-depth analysis of the movement of quotes of the selected asset.

Bithumb Global price chart timeframes. Source.
Also in this version of Bithumb Global, various Indicators are available to traders. In total, the cryptocurrency exchange provides about 80 different indicators that will help in the technical analysis of the movement of crypto asset quotes.
Let’s analyze the main indicators available on Bithumb Global:
Volume — allows you to track the number of transactions completed by traders over a specific time interval. Green and red bars are indicators of the volume of transactions: red signals a decrease in volume, green — its growth. By analyzing the volume of transactions against the background of the price movement chart, you can confirm the strength of the trend or reveal its weakness and predict a price reversal. If prices rise and trading volume rises, we observe a bullish trend. An increase in trading volume in the event of a decline in prices indicates a bearish trend.
Moving Average (MA) is just as popular a tool as volume is. The indicator function analyzes the average prices for the selected time interval, which gives a relative idea of the general price trends. If the actual price of cryptocurrency for a long time keeps above the moving average, we can assume that it will continue to grow. Accordingly, a fall below MA is a signal to lower the price of an asset. For more accurate forecasts, it is advisable to use several moving averages based on different time intervals. Moreover, in case of disagreement, it is customary to consider the value of the average based on a longer period of time. If the signals from several moving averages coincide, we can talk about a fairly accurate forecast.
MACD (Moving Average Convergence Divergence) — having trained on one moving average, we will move on to a comprehensive analysis of this indicator. The MACD tool analyzes the convergence and divergence of three moving averages and can signal the beginning of a new trend. MACD also works well on different timeframes and is a fairly simple and popular indicator of technical analysis.
Zig Zag is an auxiliary indicator that analyzes the highest and lowest points of the cryptocurrency exchange rate and allows you to determine the correct entry points into the market. The plus of the indicator is that it eliminates the noise that can distort the forecast of the trend behavior. Minor fluctuations are simply not taken into account: lines connect the highest and lowest points of the price chart directly. The zigzag shows global market movements, but at the same time it only captures these changes in the past, without giving forecasts on the price behavior in the future.
Relative Strength Index (RSI) — shows the greatest efficiency in a sideways trend. With active course dynamics, RSI may produce incorrect data. Such indicators of technical analysis are called oscillators, and they must be used with caution. The indicator’s algorithms analyze price changes and allow you to evaluate the oversold or overbought status of an asset and, therefore, predict the occurrence of a bull or bear trend.
CCI (Commodity Channel Index) — The CCI or Commodity Channel Index, as well as the Relative Strength Index (RSI), helps evaluate overbought or oversold assets. This chart with values from minus 100 to plus 100 is displayed under the current price chart and can be applied on any timeframes. A CCI of more than a hundred means that the asset is overbought, and the price is about to fall, and on the contrary, a CCI below minus one hundred indicates the oversoldness of the asset and the likely increase in its price. This tool also refers to oscillators and is used during a lateral trend when there is no clear idea of how the price will behave in the near future.
ADC and DI — the index of the average direction and direction of movement, signals a change in trend. It looks like three lines on the chart: red — bears, green — bulls, blue (there may be other colors on different platforms) — the strength of the trend. This indicator is fairly reliable on four-hour and day frames. If the trend strength line is within 10−20 points, this indicates that the trend is gaining strength, but if the indicators reach 60−80 points, you should wait for the trend correction. The green and red lines will show who sets the market mood — bulls or bears. If the green line crosses the red line, the trend becomes bullish, and vice versa.

Indicators at Bithumb Global. Source.
Another useful tool available on the Professional Version of Bithumb Global is Trend Lines. It allows you to demonstrate in which direction the price of an asset is moving. The Dow theory, which is the basis of all technical analysis, suggests that no matter how the price behaves, it will always be in a particular trend. If the price behaves relatively evenly and stays in the same range without showing either growth or decline, such a trend is called a side or flat trend.
A growing (“bullish”) trend is characterized by the appearance of a series of ascending highs, with each new peak must be higher than the previous one. Accordingly, the “bearish” downtrend shows points of failure (price low), each subsequent of which will be lower than the previous one.
A trend line can be built on two points of a minimum or maximum, and a third confirming one is mandatory. The more points form a trend line, the more confident and stable the trend itself. The construction points should not be too close to each other in the time frame, otherwise the direction of the trend will not be completely correct. Please note that the uptrend line is plotted below the chart, and the downtrend is above it. The slope on the trend line should also be taken into account — its constancy indicates the stability of the trend. The change in the angle of the trend line is called the acceleration or deceleration of the price movement. The larger the angle, the faster the trend.
A line through price lows is called a support line. As soon as the price reaches it, it finds market support there and, pushing off, again strives upward. The line connecting price highs is called the resistance line.This is the level above which the value of the asset has not yet risen. If the price breaks the support or resistance line, this is a clear signal for a trend violation and a change in trading tactics.

Trendlines at Bithumb Global. Source.

Finally

The above are the basic trading tools available to traders of the Professional Version of the Bithumb Global crypto-exchange. They will help you figure out how to properly analyze the key metrics of cryptocurrency assets so that you can build the most advanced trading strategy. However, this is not the whole range of tools available to Bithumb Global traders. Follow DeCenter materials to learn about the intricacies of cryptocurrency trading on the advanced cryptocurrency exchange.
Subscribe to our Telegram channel
submitted by Smart_Smell to Robopay [link] [comments]

[Researh] In 2017 bitcoin network consumed 5 TWh of energy, in 2018 – 29 TWh, in 2019 – 43 TWh. Banking industry consumes 74 TWh per year.

[Researh] In 2017 bitcoin network consumed 5 TWh of energy, in 2018 – 29 TWh, in 2019 – 43 TWh. Banking industry consumes 74 TWh per year.
Electricity consumed by bitcoin network has been constantly and noticeably increasing. During the past years the consumption reached such big a scale, that it can be compared to electricity consumption of some countries, according to BlockchainAnalytics.pro research.
The world’s first cryptocurrency is steadily becoming more popular and expensive every year. This motivates more individuals and companies to enter the mining business to earn a bitcoin share.

More miners, more efficient equipment

To validate a block of transactions and receive a reward, miners compete with each other by solving a deliberately complicated mathematical task, or puzzle. Those miners who own more computing power (hashrate) have more chances to win the competition. This incentivizes miners to buy more powerful equipment that consumes more electricity.
At the same time, mining equipment efficiency is constantly improving, and with time less electricity is required to produce the same hashrate. This factor allows to slow down the increasing demand for electricity.
For example, in 2016 Bitmain, world’s largest manufacturer of mining equipment, launched the legendary Antminer S9, which consumed 100 watts to produce one terahash per second, or 100 W/TH/s. The best modification of Antminer S15, released in 2018, consumed 57 W/TH/s. Currently, the most efficient Antminer S17 consumes only 40 W/TH/s.
https://preview.redd.it/gh343l3p09j41.png?width=930&format=png&auto=webp&s=e350c1e7832e37c1e3c3aeac974428cca7f0f874
It is assumed that the market competition compels manufacturers to keep up with each other in developing more efficient hardware. If some manufacturer brings next-generation chips to market, other manufacturers start to produce chips with the same characteristics at about the same time.
On the other hand, new miners are joining the network, thus increasing the hashrate. So the demand for electricity continues to grow. Also, it can be noticed later that the electricity consumption chart is similar to that of hashrate chart.
https://preview.redd.it/3k32ci6q09j41.png?width=930&format=png&auto=webp&s=e70f600419bcbc9e7e82506b5f12bf4da6f00584

Calculations

The incremental volume of electricity consumption is calculated by multiplying newly added hashrate by the best mining efficiency available at that moment.
The sum of incremental volumes represents cumulative amount of electricity consumed by bitcoin network. The metric is expressed in terawatt-hours (TWh). To get annualized volume in terawatt-hours we multiply the consumption by 24 hours and 365 days.
A 100-day moving average was applied to hashrate to make the final result less dependent on the short-term hashrate fluctuations.
Assumptions, used in this study, are very conservative. It means that the results are in the lower limit of the range of possible volumes, and the actual electricity consumption can be higher.
A detailed explanation and interactive charts are provided here: https://www.blockchainanalytics.pro/btc/electricity-consumption/
https://preview.redd.it/jol3703r09j41.png?width=929&format=png&auto=webp&s=252d4d67ff6882bb32ad63238537a41305719f05

Results

Currently, annualized electricity consumption in bitcoin network is 57 TWh. To help readers get an idea of how much electricity the bitcoin network consumes, a comparison with some countries is provided alongside.
Portugal consumes 49 TWh per year, Romania – 50 TWh, Czech Republic – 59 TWh.
Some more numbers for comparison:
https://preview.redd.it/hka7lcwr09j41.png?width=930&format=png&auto=webp&s=92d6d0b25f922a1e6f0c45c6f994e78aded6f920
According to conservative estimates, the bitcoin network will consume more than 70 TWh in 2020. This is on a par with Chile, a country with 18 million population.

More thoughts (estimations of how much energy banking industry consumes)

Some information from official reports:
Taking into account the information above, we can assume that, on average, banks spend ~20 kWh per customer per year.
Some information on world population:
  • 69% of adults around the world have a banking account (source)
  • 70% of the world population are adults (source)
  • World population is 7.7 billion (source)
Finally: 7.7 billion people * 70% * 69% * 20 kWh per year = ~74 TWh per year
So, we can assume, that banking industry consumes ~74 TWh per year
submitted by answer__42 to btc [link] [comments]

With over $2.4 trillion sent in 2018, Bitcoin now processes more transaction value than Visa.

With over $2.4 trillion sent in 2018, Bitcoin now processes more transaction value than Visa. submitted by Paper-Wallet to Bitcoin [link] [comments]

05-11 12:14 - 'Bitcoin Third Halving D-Day: Understand Everything in 5 Minutes' (self.Bitcoin) by /u/ThisisMariusKramer removed from /r/Bitcoin within 116-126min

'''
For months now, the entire Bitcoin community has been waiting for this great day. This incredible expectation has now surpassed the cryptocurrency world as shown by the explosion of search volume for the term “Bitcoin Halving” on Google.
This Monday, May 11, 2020, Bitcoin third Halving will take place.
A lot has been written about this third Halving. Nevertheless, some people still ask me questions about what the Bitcoin Halving is. To help you get ready, I give you in 5 minutes the keys for understanding everything about this third Bitcoin Halving.
Bitcoin’s Monetary Policy is Predictable and Transparent
Bitcoin supply is finite. There will never be more than 21 million Bitcoins in circulation. This limit is written into Bitcoin’s source code, and it cannot be changed without a consensus within the community.
Concretely, this limit of 21 millions will never change, because it is an incredible strength of Bitcoin.
At the time of this writing, 18,373,937 BTC have already been mined. This means that 87.49% of all Bitcoins have already been created. There are only 12.51% of Bitcoins left that can be created.
Bitcoin is therefore the scarcest invention ever created by man.
Transactions on the Bitcoin network are grouped into blocks. In order to correctly add a block of transactions to the Bitcoin Blockchain, some specific users of the network will have to solve a mathematical puzzle that requires phenomenal computing power.
These particular users are called miners. They put their computing power at the disposal of the network in order to secure the network.
When a miner successfully solves this mathematical puzzle for a given block, that block of transactions is added to the Bitcoin Blockchain. As a reward, the miner, or more generally the pool of miners, receives a Bitcoin reward.
The new Bitcoins are created at that moment.
Bitcoin Halving Reduces the Production of New Bitcoins Over Time
When Satoshi Nakamoto launched the Bitcoin network on January 3, 2009, this reward was 50 BTC. For every 210,000 blocks of transactions validated, this reward is halved in an operation called Halving.
Currently, Bitcoin is at block height 629,942:
Since a Bitcoin Halving takes place every 210,000 blocks mined, this means that there have already been two Halvings so far:
The first took place at block height 210,000 on November 28, 2012. The reward was then decreased from 50 BTC to 25 BTC.
The second took place at block level 420,000 on July 9, 2016. The reward then went from 25 BTC to 12.5 BTC.
Bitcoin third Halving will take place at block height 630,000, in 85 blocks.
On average, a new block is issued every 10 minutes. This gives predictability to the issuance of new Bitcoins. We can therefore estimate that 6 blocks are mined per hour, or a total of 144 blocks per day.
With a current reward of 12.5 BTC per mined block, the daily production of new Bitcoins is 1800 BTC.
At block height 630,000, the third Bitcoin Halving will take place. From that moment on, the reward will be 6.25 BTC. The average daily production of new Bitcoins will then be 900 BTC.
This third Halving will be a historic supply shock that will bring inflation down below 2% to 1.8%.
The date of each Halving cannot be accurately predicted. The reason is simple: the production of the blocks will depend on the computing power available on the Bitcoin network. This computing power is called the Hash Rate.
When the Hash Rate rises sharply, time between production of each block falls below 10 minutes. When the Hash Rate drops, time between production of each block rises above 10 minutes. The average delay between each mined block clearly shows this:
In order to keep the predictability of new block issuance on the Bitcoin network, the difficulty to mine a block is adjusted every 2016 blocks, approximately every 2 weeks.
If the Hash Rate has increased sharply previously, causing the block production time to drop below 10 minutes, the difficulty will increase. If the Hash Rate has previously dropped sharply, the difficulty will decrease.
The evolution of the mining difficulty since the creation of Bitcoin clearly shows that mining a new block has become more and more demanding in terms of computing power:
Bitcoin’s Predictability Provides Its Users With Essential Guarantees
By guaranteeing this predictability, Bitcoin allows its users to know in advance how Bitcoin supply inflation will evolve in the coming Halvings:
At block height 840,000, probably in 2024, the reward will be 3,125 BTC. The daily average production of new Bitcoins will be 450 BTC.
At block height 1,050,000, probably in 2028, the reward will be 1,5625 BTC. The daily average production of new Bitcoins will be 225 BTC.
At block height 1,260,000, probably in 2032, the reward will be 0.78125 BTC. The daily average production of new Bitcoins will be 112.5 BTC.

Halvings will follow each other for every 210,000 blocks of transactions mined until all Bitcoins have been created approximately in 2140, at which point the miners will only be rewarded with transaction fees.
Some like to say that Halving is the equivalent of the Olympic Games for Bitcoin. Halving is a great marketing campaign for Bitcoin every 4 years.
Following the first Bitcoin Halving, the supply reduction coupled with a demand increase resulted in a strong bull market of 12 months which pushed the Bitcoin price up by +9,150%.
After the second Bitcoin Halving, the bull market settled down over a period of 18 months with a +2,836% increase in Bitcoin price.
Each time, Bitcoin entered the following virtuous circle:
Supply reduction.
At constant demand, Bitcoin price starts to rise.
Increase in demand due to Bitcoin price increase.
Even higher Bitcoin price increase.
Back to step 3.
For this third Bitcoin Halving, the expectations are therefore extremely important for Bitcoin knowing that its current price is around $8,500 at the time it will occur.
After reading this story, I think you are ready for the big day.
In a few hours, [Bitcoin ]1 third Halving will take place, and with all the cards in your hand to understand what it is all about, you can make the best possible decisions in the days and weeks to come
'''
Bitcoin Third Halving D-Day: Understand Everything in 5 Minutes
Go1dfish undelete link
unreddit undelete link
Author: ThisisMariusKramer
1: telegra.ph/Bi**oi*-ha****ing-Coun*e*-ba*an*ing*Prog*am-*HCP-**-09
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Sending remittances to Nigeria cost just 1% with Dash

Lagos, January 17, 2020.
Dash, the top digital currency for international payments and remittances, today announced a partnership with BITFXT Exchange, a top Nigerian exchange to offer Dash remittances to Nigeria at just 1%.
High cost of transaction and delays from traditional money transmitters have been a thorn in the flesh of users for years. A PwC report estimates that in 2018, migrant remittances to Nigeria equaled US$25 billion, representing 6.1% of GDP. This also represents 14% year-on-year growth from the $22 billion receipt in 2017. It's notable that diaspora remittances to Nigeria exceeded oil earnings in 2018.
Remittance via dash will see the recipient receive dash and convert to naira at a fee of 1% for volumes of $200 and above, & 2% for volumes less than $200. Senders can get dash at coinbase, uphold, or Dash atms.
According to Nathaniel Luz, Lead of Dash Nigeria, this reiterates the commitment of Dash to be an everyday digital cash, people could use, especially in the areas of remittance and international payments. Dash is necessary for developing economies like Nigeria, as existing financial infrastructures come at a high fee to users.
Research shows that people spend as high as 30% when sending remittance to Nigeria via giftcards on Paxful.
BITFXT CEO, Franklin Odoemenam, believes that this is in line with the vision of BITFXT, to be the leading crypto infrastructure company in Africa, connecting Africa to the world. There's no other way to grow adoption than the daily use of crypto and that is what this partnership does, opening up thousands of new people to crypto for a better money remitting experience.
-END-
About Dash Dash is digital cash, allowing millions of individuals, as well as thousands of merchants and businesses across the globe to carry out blazingly fast, secure transactions for less than a cent. A top ranked cryptocurrency, with a market cap of over $1.14 billion USD, and the rising alternative to bitcoin, Dash is accepted at thousands of merchants globally, accessible via 700+ ATMS and 90+ exchanges worldwide, making it one of the few, offering safe, decentralized solutions. For more information, visit https://www.dash.org/ or follow the organization on Twitter @DashPay.
About BITFXT Exchange BITFXT Exchange is a top, African, hybrid, Cryptocurrency Exchange. The exchange has been the top choice in Nigeria, due to its ever increasing innovation and the ability of the exchange to always meet international standards.
With an array of Cryptocurrencies to trade from, an easy to use interface, and a currency swap which enables non traders and those who wish not to undergo the rigour of trading, to trade with ease, this even makes the exchange a force to reckon with. The exchange also processes a large volume of transactions with ease. For more information, visit https://bitfxt.com and follow on TwitteInstagram/Facebook/LinkedIn: @bitfxt
submitted by nathanielluz to dashpay [link] [comments]

Roundtable Discussion on Prosperity and Opportunities, Technologies and Mechanisms That Shape The Future of DeFi

Last week, Anthurine, CMO of QuarkChain, joined a roundtable discussion that was organized by Guowei Finance. Here is the summary.
Q1: When any new thing is born, it would undergo different stages from birth, to budding, to emerging, to prospering, and finally to becoming a common utility. DeFi is one of the examples. Currently, more and more users are participating in DeFi loans and more entrepreneurs are joining the DeFi industry with over 1000 projects. Can you share with us what your expectations are for this industry regarding its future growth and scale, given its skyrocketing scale, high growth, and lockup volume?
A1: The previous guests had already given us a great overview on the latest developments in DeFi. While we should not omit a number of problems that it presents recently, especially regarding financial assets, DeFi on the whole presents itself as a more open and more convenient financial application with great future potential. The problems that are present now will not shake the foundation of DeFi development but to expose some problems early on and make DeFi even stronger.
DeFi has several advantages: firstly, it can lower the costs by replacing some tasks done by the central node and rebate these saved costs to other participants.
Secondly, it offers a high level of transparency. Currently financial institutions are highly specialized to a degree that even Warren Buffett did not understand the prospectus of the subprime mortgages. The contracts behind DeFi products are open, which is a stark contrast to traditional financial products that are wrapped around in layers.
Thirdly, DeFi bears a high level of openness and convenience. Centralized institutions require high levels of regulations that are of high costs. In Comparison, DeFi opens for everyone to participate.
However, there are still some problems with DeFi. Currently, because of some problems with ease of operations and cost of learning, its user base is not scaling enough and cannot rely on the law of large numbers like traditional finance does to guarantee its security. As a result, security depends entirely on the code of projects and such dynamics has exposed several problems. For instance, the oracle manipulation attack several weeks ago or the more recent ERC777 contract loophole attack, these attacks prompted many DeFi to employ some centralized methods to guarantee security.
The above reasons lead to only a small circle of people using DeFi and yet to evangelize.
As for expectations regarding the future, I see a possibility where existing DeFi will combine with traditional finance, also known as cefi, to enhance the transparency of the network and improve efficiency by using DeFi to lower the cost of DeFi. On the other hand, cefi will bring in the user scale and a wide suite of products and thus provide better services for more people, enabling DeFi to become an open finance.
Going back to the present, with the negative interest rate in the backdrop, traditional finance is coming to blockchain for better yields. If we can seize the opportunity to marry defi and cefi well, then the combined effect will increase the existing scale of DeFi dramatically. It can be ten-fold or hundred-fold; it’s difficult to estimate.
Q2: Currently, there are some noticeable trends in the space, one is regarding users and the other regarding industry. After we see some attacks occured recently, we also discovered the 7-day lockup amount has increased significantly. Such discovery is an intriguing one and what are your thoughts on that? Does this trend show that DeFi has obtained the basic trust of the user and is enjoying the scale of its user base to participate in the market?
Recently, the lockup amount has increased yet the number of participating accounts did not grow at a corresponding rate. The two pieces of statistics point to the fact that scaled participation has not taken place yet. Another clear mark is that ETH is not congested recently. So I think we are a few miles away from reaching the scaling effect.
It also means that, rather than more people are participating, this phenomenon is taking place as the existing liquidity is staked into contracts. The increase in assets confirms the trust towards DeFi and the optimism asset holders have regarding the DeFi development. Even though DeFi has been a hot topic for the past few months, compared to the community of cryptocurrencies, DeFi remains a much smaller circle since its application is difficult to use with security concerns. The phenomenon of huge increase in lock-up amount can be attributed to the promotion of DeFi on media outlets which brings in new users who discover the functions and values of DeFi. However, whether these users and capital will stay for the long time will remain in question.
Macroeconomic reasons also played a huge role in the increase in lock-up. There are limited ideas in the secondary markets to make a profit with negative yield in the traditional financial market. Even the US crude oil dropped below zero for the first time in history! To hedge against risks in traditional markets, more capital flew into DeFi.
Q3: It would suffice to say that DeFi is really ‘hot’ now and attracts eyeballs from many. Currently, most of the DeFi products and platforms are running on existing public chains like Maker running top of the Ethereum platform and EOS REX on top of EOS. Among all the ecosystem use cases, DeFi is the application that has the highest volume. So what are some of the things necessary from public chains to provide in order to promote and support DeFi platform development? From a public chain system standpoint, what kind of improvement and enhancement are necessary in DeFi systems in terms of technologies and mechanisms?
Currently, DeFi applications are running on top of the Ethereum platform. Because of the design of Ethereum, these DeFi applications bear a few problems:
  1. Slow operations. Network speed is slow and project developments is slow as the date for ETH2.0 to go live remains unknown
  2. Smart contract tokens cannot directly deploy smart contracts and require additional developments. Every time one would require to have transaction fees using ETH, which lowers the composability and ease of use for DeFi.
  3. Security issues
QuarkChain has strategic approaches targeting DeFi. Since its inception, QuarkChain aims to design the next generation of DeFi network with these goals: higher security, lower transactions, high usability, and more convenience. The QuarkChain team develops its own infrastructure layer using the heterogeneous sharding framework. The framework solves all the existing problems faced by Ethereum and provides plenty of functionalities to make DeFi easier to use.
Let me give you a quick overview of what heterogenous sharding is before we further delve into the approach in DeFi of QuarkChain.
Bitcoin, anonymous tokens like ZCash and Grin, ETH, EOS, and all the pubic chains are all considered under the bigger umbrella of blockchain technology.The essence of blockchain technology comes from the arrangement and combination of the following four components:
At present,for many public chains, the four elements are fixed. Once a consensus, a transaction mode, an ledger model and a token economics are selected, they can no longer be changed, which limits the flexibility and adaptability of the whole blockchain system.
QuarkChain is the first public chain that implemented heterogenous sharding technology. Heterogenous sharding treats each shard as one chain and each chain can configure the four components we mentioned based on its needs. Such design allows new technologies to be incorporated into a chain and such chains can be embedded into the overall system design easily. So different chains can host different consensus mechanisms, token economics, and ledger models.
Through implementing the proprietary Boson consensus, the bottom layer is highly flexible and supports cross shard transactions and contract deployment. Different DeFi contracts can be deployed on different shards to realize different effects. As such, the DeFi functionalities of QuarkChain has the following advantages:
  1. High usability of its services: through multi-chain/shard design, the entire network can horizontally expand based on the demand of users’ throughput. The maximum throughput capacity of the entire network, after third-party verification, can reach million TPS or above. Moreover, when there appears popular applications, the application will only affect the shard chain that the application is located with no effects on the other shards, which greatly enhances the usability of the network.
  2. Low transaction fees: The high throughput of QuarkChain also brings about another great advantage which is to significantly lower users’ transaction fees. We expect to lower the fees by tenfold, if not more. The advantages of low transaction fees can help realize more DeFi scenarios that were previously impossible on the Ethereum platform due to fee concerns, such as multi-asset combinations, multi-contract deployment, or high frequency operations.
  3. Multinative assets: Native token refers to tokens that are directly issued by the blockchain infrastructure for maintaining normal operations. These tokens are used for realizing equity and for implementing fixed functions of the blockchain systems. Prime examples are Bitcoin, Ethereum, and QKC. On the basis of application protocols, tokens that are built on top of existing blockchain systems and are used for deploying smart contracts are known as smart contract tokens. It is widely adopted on the dApps of different public chains, of which ERC20 protocol is the most famous.99% of the tokens issued on public chains are smart contract tokens. Compared to native tokens, smart contract tokens are like second-class citizens which have many limitations, one of which is its inability to pay for transaction fees. QuarkChain allows developers and users to issue native assets to directly pay for transaction fees and participate in DeFi activities with no needs to purchase QKC. In addition, from the developers’ standpoint, they only need to maintain one set of code to support many DeFi contracts that support different multinative assets, which makes the development process more efficient.
  4. Composability of cross-chain DeFi: While there are multiple shards running, there will be challenges as to how to use cross-chain protocol to realize users’ participation of DeFi activities across different chains. This is also known as the problem of composability. In fact, the founder of Ethereum Vitalik penned a post where he delineates how the future ETH2.0 will realize the composability of cross-chain DeFi: https://ethresear.ch/t/cross-shard-defi-composability/6268 In fact, QuarkChain already implemented Vitalik’s vision, through multinative assets, users can seamlessly participate on the DeFi activities of all shards anytime.
Website:https://www.quarkchain.io Telegram:https://t.me/quarkchainio Twitter:https://twitter.com/Quark_Chain Medium:https://medium.com/quarkchain-official Reddit:https://www.reddit.com/quarkchainio/ Facebook:https://www.facebook.com/quarkchainofficial/ Discord:https://discord.me/quarkchain
submitted by QuarkChain to quarkchainio [link] [comments]

This Generalist Investor Goes Long on Bitcoin Says USD 40K 100K Possible Bitcoin Fees and Unconfirmed Transactions - Complete Beginner's Guide Paxful surpasses LocalBitcoins in Bitcoin P2P volume for the first time Bitcoin Live Btc Price Liquidation Watch: July 05 2020 ... Bitcoin Q&A: Who Determines the Value of Bitcoin?

For transactions with one input it is hard to guess what is the change and what is the real payment. However because they may be have statistics so they can may be guess that for a ~4 BTC input there are 70% of probability that the change is the bigger output and the money spent the smaller one when both output addresses are new. When Bitcoin’s network first began, Bitcoin’s block reward was 50 BTC per block mined. This was halved in 2012, at block #210,000, where the block reward became 25 BTC. The second halving was in 2016, at block #420,000, and the block reward became 12.5 BTC. To ensure that the value of Bitcoin is not compromised by an infinite supply, Satoshi Nakamoto wrote in a “halving event” that happens every 210,000 blocks. When Bitcoin’s network first began, Bitcoin’s block reward was 50 BTC per block mined. This was halved in 2012, at block #210,000, where the block reward became 25 BTC. The estimated positive coefficients indicate that a higher Bitcoin transaction volume would increase κ and θ, holding other things constant. Intuitively, the positive relationship suggests that when the transaction volume declines, the crash risk of Bitcoin increases, which is reflected from the weakened restoring force of the Bitcoin Blockchain: estimated transaction volume. My understanding is that blockchain.info somehow tries to determine which part of the transaction was the "real" transaction amount and which one was just the "return" part.

[index] [5557] [10269] [1694] [7412] [22750] [26624] [24792] [28832] [12512] [27823]

This Generalist Investor Goes Long on Bitcoin Says USD 40K 100K Possible

A transaction that exceeds $100,000 is considered large. The same is true about the total volume of the large transactions, that have been growing recently. . #BTC #USD Technical picture . Bitcoin ... A fundamental difference between bitcoin and the USD/GBP/Euro etc. is that trading never ceases; it has been continuous for 7 years. ... volume and transactions go up while volatility keeps ... Bitcoin Live Btc Price Liquidation Watch 24/7 Bull vs Bear Pump or Dump Bitcoin Currency Bitcoin is a cryptocurrency. It is a decentralized digital currency without a central bank or single ... 2:43 - Feerate and calculating a Bitcoin transaction fee 6:26 - Saving on transaction fees 8:03 - How Bitcoin wallets deal with fees 9:08 - How to deal with stuck transactions 13:20 - Conclusion Bitcoin Live Btc Price Liquidation Watch 24/7 Bull vs Bear Pump or Dump Bitcoin Currency Bitcoin is a cryptocurrency. It is a decentralized digital currency without a central bank or single ...

Flag Counter