Satoshi Nakamoto Binance Academy - Bitcoin Exchange

@binance: 🎂 Happy Birthday to the legend that is Satoshi Nakamoto! #Bitcoin https://t.co/1BQj5mBcVg

@binance: 🎂 Happy Birthday to the legend that is Satoshi Nakamoto! #Bitcoin https://t.co/1BQj5mBcVg submitted by rulesforrebels to BinanceTrading [link] [comments]

@binance: What Is #Bitcoin? Bitcoin’s creator used the pseudonym Satoshi Nakamoto, but we don’t know anything about their identity. Satoshi could be one person or a group of developers anywhere in the world. https://t.co/pscwyaTrzT

@binance: What Is #Bitcoin? Bitcoin’s creator used the pseudonym Satoshi Nakamoto, but we don’t know anything about their identity. Satoshi could be one person or a group of developers anywhere in the world. https://t.co/pscwyaTrzT submitted by rulesforrebels to BinanceTrading [link] [comments]

@cz_binance: RT @binance: On 31 October 2008, Satoshi Nakamoto published the #Bitcoin Whitepaper. Happy Anniversary $BTC! Test your Bitcoin knowledge 📑https://t.co/JECDzwxCnI Discover the history behind #Blockchain 🔗https://t.co/EhvS2nH6BR https://t.co/YUlpKiZFPg

submitted by rulesforrebels to BinanceTrading [link] [comments]

@binance: On 31 October 2008, Satoshi Nakamoto published the #Bitcoin Whitepaper. Happy Anniversary $BTC! Test your Bitcoin knowledge 📑https://t.co/JECDzwxCnI Discover the history behind #Blockchain 🔗https://t.co/EhvS2nH6BR https://t.co/YUlpKiZFPg

@binance: On 31 October 2008, Satoshi Nakamoto published the #Bitcoin Whitepaper. Happy Anniversary $BTC! Test your Bitcoin knowledge 📑https://t.co/JECDzwxCnI Discover the history behind #Blockchain 🔗https://t.co/EhvS2nH6BR https://t.co/YUlpKiZFPg submitted by rulesforrebels to BinanceTrading [link] [comments]

Bitcoin review: Satoshi Nakamoto’s book, Binance suspends trading

Bitcoin review: Satoshi Nakamoto’s book, Binance suspends trading submitted by leftok to atbitcoin [link] [comments]

Ultimate glossary of crypto currency terms, acronyms and abbreviations

I thought it would be really cool to have an ultimate guide for those new to crypto currencies and the terms used. I made this mostly for beginner’s and veterans alike. I’m not sure how much use you will get out of this. Stuff gets lost on Reddit quite easily so I hope this finds its way to you. Included in this list, I have included most of the terms used in crypto-communities. I have compiled this list from a multitude of sources. The list is in alphabetical order and may include some words/terms not exclusive to the crypto world but may be helpful regardless.
2FA
Two factor authentication. I highly advise that you use it.
51% Attack:
A situation where a single malicious individual or group gains control of more than half of a cryptocurrency network’s computing power. Theoretically, it could allow perpetrators to manipulate the system and spend the same coin multiple times, stop other users from completing blocks and make conflicting transactions to a chain that could harm the network.
Address (or Addy):
A unique string of numbers and letters (both upper and lower case) used to send, receive or store cryptocurrency on the network. It is also the public key in a pair of keys needed to sign a digital transaction. Addresses can be shared publicly as a text or in the form of a scannable QR code. They differ between cryptocurrencies. You can’t send Bitcoin to an Ethereum address, for example.
Altcoin (alternative coin): Any digital currency other than Bitcoin. These other currencies are alternatives to Bitcoin regarding features and functionalities (e.g. faster confirmation time, lower price, improved mining algorithm, higher total coin supply). There are hundreds of altcoins, including Ether, Ripple, Litecoin and many many others.
AIRDROP:
An event where the investors/participants are able to receive free tokens or coins into their digital wallet.
AML: Defines Anti-Money Laundering laws**.**
ARBITRAGE:
Getting risk-free profits by trading (simultaneous buying and selling of the cryptocurrency) on two different exchanges which have different prices for the same asset.
Ashdraked:
Being Ashdraked is essentially a more detailed version of being Zhoutonged. It is when you lose all of your invested capital, but you do so specifically by shorting Bitcoin. The expression “Ashdraked” comes from a story of a Romanian cryptocurrency investor who insisted upon shorting BTC, as he had done so successfully in the past. When the price of BTC rose from USD 300 to USD 500, the Romanian investor lost all of his money.
ATH (All Time High):
The highest price ever achieved by a cryptocurrency in its entire history. Alternatively, ATL is all time low
Bearish:
A tendency of prices to fall; a pessimistic expectation that the value of a coin is going to drop.
Bear trap:
A manipulation of a stock or commodity by investors.
Bitcoin:
The very first, and the highest ever valued, mass-market open source and decentralized cryptocurrency and digital payment system that runs on a worldwide peer to peer network. It operates independently of any centralized authorities
Bitconnect:
One of the biggest scams in the crypto world. it was made popular in the meme world by screaming idiot Carlos Matos, who infamously proclaimed," hey hey heeeey” and “what's a what's a what's up wasssssssssuuuuuuuuuuuuup, BitConneeeeeeeeeeeeeeeeeeeeeeeect!”. He is now in the mentally ill meme hall of fame.
Block:
A package of permanently recorded data about transactions occurring every time period (typically about 10 minutes) on the blockchain network. Once a record has been completed and verified, it goes into a blockchain and gives way to the next block. Each block also contains a complex mathematical puzzle with a unique answer, without which new blocks can’t be added to the chain.
Blockchain:
An unchangeable digital record of all transactions ever made in a particular cryptocurrency and shared across thousands of computers worldwide. It has no central authority governing it. Records, or blocks, are chained to each other using a cryptographic signature. They are stored publicly and chronologically, from the genesis block to the latest block, hence the term blockchain. Anyone can have access to the database and yet it remains incredibly difficult to hack.
Bullish:
A tendency of prices to rise; an optimistic expectation that a specific cryptocurrency will do well and its value is going to increase.
BTFD:
Buy the fucking dip. This advise was bestowed upon us by the gods themselves. It is the iron code to crypto enthusiasts.
Bull market:
A market that Cryptos are going up.
Consensus:
An agreement among blockchain participants on the validity of data. Consensus is reached when the majority of nodes on the network verify that the transaction is 100% valid.
Crypto bubble:
The instability of cryptocurrencies in terms of price value
Cryptocurrency:
A type of digital currency, secured by strong computer code (cryptography), that operates independently of any middlemen or central authoritie
Cryptography:
The art of converting sensitive data into a format unreadable for unauthorized users, which when decoded would result in a meaningful statement.
Cryptojacking:
The use of someone else’s device and profiting from its computational power to mine cryptocurrency without their knowledge and consent.
Crypto-Valhalla:
When HODLers(holders) eventually cash out they go to a place called crypto-Valhalla. The strong will be separated from the weak and the strong will then be given lambos.
DAO:
Decentralized Autonomous Organizations. It defines A blockchain technology inspired organization or corporation that exists and operates without human intervention.
Dapp (decentralized application):
An open-source application that runs and stores its data on a blockchain network (instead of a central server) to prevent a single failure point. This software is not controlled by the single body – information comes from people providing other people with data or computing power.
Decentralized:
A system with no fundamental control authority that governs the network. Instead, it is jointly managed by all users to the system.
Desktop wallet:
A wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins.
DILDO:
Long red or green candles. This is a crypto signal that tells you that it is not favorable to trade at the moment. Found on candlestick charts.
Digital Signature:
An encrypted digital code attached to an electronic document to prove that the sender is who they say they are and confirm that a transaction is valid and should be accepted by the network.
Double Spending:
An attack on the blockchain where a malicious user manipulates the network by sending digital money to two different recipients at exactly the same time.
DYOR:
Means do your own research.
Encryption:
Converting data into code to protect it from unauthorized access, so that only the intended recipient(s) can decode it.
Eskrow:
the practice of having a third party act as an intermediary in a transaction. This third party holds the funds on and sends them off when the transaction is completed.
Ethereum:
Ethereum is an open source, public, blockchain-based platform that runs smart contracts and allows you to build dapps on it. Ethereum is fueled by the cryptocurrency Ether.
Exchange:
A platform (centralized or decentralized) for exchanging (trading) different forms of cryptocurrencies. These exchanges allow you to exchange cryptos for local currency. Some popular exchanges are Coinbase, Bittrex, Kraken and more.
Faucet:
A website which gives away free cryptocurrencies.
Fiat money:
Fiat currency is legal tender whose value is backed by the government that issued it, such as the US dollar or UK pound.
Fork:
A split in the blockchain, resulting in two separate branches, an original and a new alternate version of the cryptocurrency. As a single blockchain forks into two, they will both run simultaneously on different parts of the network. For example, Bitcoin Cash is a Bitcoin fork.
FOMO:
Fear of missing out.
Frictionless:
A system is frictionless when there are zero transaction costs or trading retraints.
FUD:
Fear, Uncertainty and Doubt regarding the crypto market.
Gas:
A fee paid to run transactions, dapps and smart contracts on Ethereum.
Halving:
A 50% decrease in block reward after the mining of a pre-specified number of blocks. Every 4 years, the “reward” for successfully mining a block of bitcoin is reduced by half. This is referred to as “Halving”.
Hardware wallet:
Physical wallet devices that can securely store cryptocurrency maximally. Some examples are Ledger Nano S**,** Digital Bitbox and more**.**
Hash:
The process that takes input data of varying sizes, performs an operation on it and converts it into a fixed size output. It cannot be reversed.
Hashing:
The process by which you mine bitcoin or similar cryptocurrency, by trying to solve the mathematical problem within it, using cryptographic hash functions.
HODL:
A Bitcoin enthusiast once accidentally misspelled the word HOLD and it is now part of the bitcoin legend. It can also mean hold on for dear life.
ICO (Initial Coin Offering):
A blockchain-based fundraising mechanism, or a public crowd sale of a new digital coin, used to raise capital from supporters for an early stage crypto venture. Beware of these as there have been quite a few scams in the past.
John mcAfee:
A man who will one day eat his balls on live television for falsely predicting bitcoin going to 100k. He has also become a small meme within the crypto community for his outlandish claims.
JOMO:
Joy of missing out. For those who are so depressed about missing out their sadness becomes joy.
KYC:
Know your customer(alternatively consumer).
Lambo:
This stands for Lamborghini. A small meme within the investing community where the moment someone gets rich they spend their earnings on a lambo. One day we will all have lambos in crypto-valhalla.
Ledger:
Away from Blockchain, it is a book of financial transactions and balances. In the world of crypto, the blockchain functions as a ledger. A digital currency’s ledger records all transactions which took place on a certain block chain network.
Leverage:
Trading with borrowed capital (margin) in order to increase the potential return of an investment.
Liquidity:
The availability of an asset to be bought and sold easily, without affecting its market price.
of the coins.
Margin trading:
The trading of assets or securities bought with borrowed money.
Market cap/MCAP:
A short-term for Market Capitalization. Market Capitalization refers to the market value of a particular cryptocurrency. It is computed by multiplying the Price of an individual unit of coins by the total circulating supply.
Miner:
A computer participating in any cryptocurrency network performing proof of work. This is usually done to receive block rewards.
Mining:
The act of solving a complex math equation to validate a blockchain transaction using computer processing power and specialized hardware.
Mining contract:
A method of investing in bitcoin mining hardware, allowing anyone to rent out a pre-specified amount of hashing power, for an agreed amount of time. The mining service takes care of hardware maintenance, hosting and electricity costs, making it simpler for investors.
Mining rig:
A computer specially designed for mining cryptocurrencies.
Mooning:
A situation the price of a coin rapidly increases in value. Can also be used as: “I hope bitcoin goes to the moon”
Node:
Any computing device that connects to the blockchain network.
Open source:
The practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone.
OTC:
Over the counter. Trading is done directly between parties.
P2P (Peer to Peer):
A type of network connection where participants interact directly with each other rather than through a centralized third party. The system allows the exchange of resources from A to B, without having to go through a separate server.
Paper wallet:
A form of “cold storage” where the private keys are printed onto a piece of paper and stored offline. Considered as one of the safest crypto wallets, the truth is that it majors in sweeping coins from your wallets.
Pre mining:
The mining of a cryptocurrency by its developers before it is released to the public.
Proof of stake (POS):
A consensus distribution algorithm which essentially rewards you based upon the amount of the coin that you own. In other words, more investment in the coin will leads to more gain when you mine with this protocol In Proof of Stake, the resource held by the “miner” is their stake in the currency.
PROOF OF WORK (POW) :
The competition of computers competing to solve a tough crypto math problem. The first computer that does this is allowed to create new blocks and record information.” The miner is then usually rewarded via transaction fees.
Protocol:
A standardized set of rules for formatting and processing data.
Public key / private key:
A cryptographic code that allows a user to receive cryptocurrencies into an account. The public key is made available to everyone via a publicly accessible directory, and the private key remains confidential to its respective owner. Because the key pair is mathematically related, whatever is encrypted with a public key may only be decrypted by its corresponding private key.
Pump and dump:
Massive buying and selling activity of cryptocurrencies (sometimes organized and to one’s benefit) which essentially result in a phenomenon where the significant surge in the value of coin followed by a huge crash take place in a short time frame.
Recovery phrase:
A set of phrases you are given whereby you can regain or access your wallet should you lose the private key to your wallets — paper, mobile, desktop, and hardware wallet. These phrases are some random 12–24 words. A recovery Phrase can also be called as Recovery seed, Seed Key, Recovery Key, or Seed Phrase.
REKT:
Referring to the word “wrecked”. It defines a situation whereby an investor or trader who has been ruined utterly following the massive losses suffered in crypto industry.
Ripple:
An alternative payment network to Bitcoin based on similar cryptography. The ripple network uses XRP as currency and is capable of sending any asset type.
ROI:
Return on investment.
Safu:
A crypto term for safe popularized by the Bizonnaci YouTube channel after the CEO of Binance tweeted
“Funds are safe."
“the exchage I use got hacked!”“Oh no, are your funds safu?”
“My coins better be safu!”


Sats/Satoshi:
The smallest fraction of a bitcoin is called a “satoshi” or “sat”. It represents one hundred-millionth of a bitcoin and is named after Satoshi Nakamoto.
Satoshi Nakamoto:
This was the pseudonym for the mysterious creator of Bitcoin.
Scalability:
The ability of a cryptocurrency to contain the massive use of its Blockchain.
Sharding:
A scaling solution for the Blockchain. It is generally a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds.
Shitcoin:
Coin with little potential or future prospects.
Shill:
Spreading buzz by heavily promoting a particular coin in the community to create awareness.
Short position:
Selling of a specific cryptocurrency with an expectation that it will drop in value.
Silk road:
The online marketplace where drugs and other illicit items were traded for Bitcoin. This marketplace is using accessed through “TOR”, and VPNs. In October 2013, a Silk Road was shut down in by the FBI.
Smart Contract:
Certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights.
Software Wallet:
A crypto wallet that exists purely as software files on a computer. Usually, software wallets can be generated for free from a variety of sources.
Solidity:
A contract-oriented coding language for implementing smart contracts on Ethereum. Its syntax is similar to that of JavaScript.
Stable coin:
A cryptocoin with an extremely low volatility that can be used to trade against the overall market.
Staking:
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
Surge:
When a crypto currency appreciates or goes up in price.
Tank:
The opposite of mooning. When a coin tanks it can also be described as crashing.
Tendies
For traders , the chief prize is “tendies” (chicken tenders, the treat an overgrown man-child receives for being a “Good Boy”) .
Token:
A unit of value that represents a digital asset built on a blockchain system. A token is usually considered as a “coin” of a cryptocurrency, but it really has a wider functionality.
TOR: “The Onion Router” is a free web browser designed to protect users’ anonymity and resist censorship. Tor is usually used surfing the web anonymously and access sites on the “Darkweb”.
Transaction fee:
An amount of money users are charged from their transaction when sending cryptocurrencies.
Volatility:
A measure of fluctuations in the price of a financial instrument over time. High volatility in bitcoin is seen as risky since its shifting value discourages people from spending or accepting it.
Wallet:
A file that stores all your private keys and communicates with the blockchain to perform transactions. It allows you to send and receive bitcoins securely as well as view your balance and transaction history.
Whale:
An investor that holds a tremendous amount of cryptocurrency. Their extraordinary large holdings allow them to control prices and manipulate the market.
Whitepaper:

A comprehensive report or guide made to understand an issue or help decision making. It is also seen as a technical write up that most cryptocurrencies provide to take a deep look into the structure and plan of the cryptocurrency/Blockchain project. Satoshi Nakamoto was the first to release a whitepaper on Bitcoin, titled “Bitcoin: A Peer-to-Peer Electronic Cash System” in late 2008.
And with that I finally complete my odyssey. I sincerely hope that this helped you and if you are new, I welcome you to crypto. If you read all of that I hope it increased, you in knowledge.
my final definition:
Crypto-Family:
A collection of all the HODLers and crypto fanatics. A place where all people alike unite over a love for crypto.
We are all in this together as we pioneer the new world that is crypto currency. I wish you a great day and Happy HODLing.
-u/flacciduck
feel free to comment words or terms that you feel should be included or about any errors I made.
Edit1:some fixes were made and added words.
submitted by flacciduck to CryptoCurrency [link] [comments]

What is the best cryptocurrency to invest in right now?

What is the best cryptocurrency to invest in right now?

Traders worry every day about which cryptocurrency to invest in. The crypto market, however, is still difficult to predict. There is no simple answer as to which coins will win the race in 2020.
The guarantee: Bitcoin
Bitcoin will always be a good investment. Satoshi Nakamoto’s invention continues to lead in terms of market capitalization and trade volume. Almost every crypto exchange can trade Bitcoin and it is the cryptocurrency that is used the most.
If you can or just want to invest in a single cryptocurrency, Bitcoin is always a good choice. The first true peer-to-peer currency is still the number 1 cryptocurrencies. So far, there is no indication that Bitcoin will be thrown from the throne in the foreseeable future.
The next Bitcoin Halving will also take place in 2020. This means that fewer coins are distributed during mining. The available amount grows more slowly, so that every single coin becomes more valuable as soon as the demand increases. Many investors expect price increases after halving.
It is not guaranteed that Bitcoin will experience the biggest growth in 2020. But it’s the most stable cryptocurrency to invest so far.
Advantages:
– Strongest market dominance, largest trading volume
– The most widely used cryptocurrency worldwide
– Secure facility
Bitcoin alternatives
Bitcoin clones could also be a safe investment: cryptocurrencies such as Bitcoin Cash (BCH), Bitcoin Gold (BTG), Litecoin (LTC) or Bitcoin SV (BSV). These cryptocurrencies are mostly faster and more technically advanced than Bitcoin, but will not be able to break its market dominance in the foreseeable future.
They have the same purpose: digital means of payment for the Internet. Your prices often move parallel to the Bitcoin price, but can also rise or fall with a time delay. Some of them have the potential to grow faster than their template, but it is not guaranteed.
– Good alternative to diversification
– Potential for big price gains
Binance Coin (BNB)
The Binance Coin (BNB) is the cryptocurrency of the largest exchange in the world: Binance. The Exchange has expanded considerably in recent years and plans to continue doing so in 2020. An investment in the Binance Coin is equivalent to an investment in the Exchange.
The Binance Coin can be used to trade on the cryptocurrency exchange. If you buy cryptocurrencies with her, you get discounts on your purchases. Binance coins therefore have a benefit for every trader. Binance will soon start a decentralized exchange called Binance DEX, on which in turn the in-house cryptocurrency can be used as a means of payment.
That makes the Binance Coin extremely liquid. Shortly after the start of the cryptocurrency, it was able to get a permanent place in the top 10 largest cryptocurrencies on CoinMarketCap. In 2019, the BNB price tripled.
– Extremely liquid cryptocurrency
– Currency on the largest exchange: Binance
– Could already gain good prices
Tron (TRX)
Tron is a blockchain platform from Justin Sun, an important figure in the crypto scene. An independent ecosystem for the entertainment industry is to be created on the platform. Every user should be able to upload their own videos, pictures, music, texts etc. without being dependent on companies like YouTube.
Basically, it’s a smart contract platform, similar to Ethereum (which is also a good investment). Users can upload data, make it available to other users and write their own smart contracts.
Tron now attracts a large number of investors. There is a lot of potential in the project. In 2017, Tron’s price rose from EUR 0.0018 to EUR 0.045. In 2018 and 2019, the cryptocurrency gained more and more ground in the crypto world and is now among the top 15 in terms of market capitalization.
submitted by ermailo to investing [link] [comments]

Các đồng tiền ảo phổ biến trên thế giới ngoài Bitcoin

Các đồng tiền ảo phổ biến trên thế giới ngoài Bitcoin
Bitcoin không chỉ tạo ra xu hướng, mở ra một làn sóng mà nó còn trở thành tiêu chuẩn thực tế cho tiền ảo, truyền cảm hứng cho sự ra đời và phát triển của các đồng tiền ảo khác trên thế giới. Bài viết hôm nay chúng ta sẽ tìm hiểu về các đồng tiền ảo phổ biến trên thế giới ngoài đồng Bitcoin (BTC).
https://preview.redd.it/lofnmy1tkjx51.png?width=800&format=png&auto=webp&s=ad4cd7a7c65266e7a40da18c34c1921db07ea1c0
Tiền ảo là gì?
Trước khi chúng ta xem xét kỹ hơn một số lựa chọn thay thế cho Bitcoin, hãy tìm hiểu ngắn gọn ý nghĩa của các thuật ngữ như tiền ảo và Altcoin. Tiền ảo có dạng mã hóa hoặc “coin”. Trong khi một số loại tiền ảo đã xâm nhập vào thế giới vật chất ví dụ như tiền trên thẻ tín dụng hoặc các dự án khác thì phần lớn những đồng tiền ảo còn lại như Bitcoin vẫn hoàn toàn vô hình. Tiền ảo đề cập đến các mã rất phức tạp cho phép tạo và xử lý các loại tiền này và các giao dịch của chúng trên các hệ thống phi tập trung.
Tiền ảo hầu như luôn được thiết kế để không bị chính phủ thao túng và không chịu sự quản lý của bất kỳ ngân hàng, chính sách tiền và tài khóa nào. Các loại tiền tệ được mô phỏng theo Bitcoin được gọi chung là Altcoin và thường cố gắng để thể hiện mình là phiên bản sửa đổi hoặc cải tiến của Bitcoin. Mặc dù một số loại tiền này dễ khai thác hơn Bitcoin, nhưng vẫn có những đánh đổi, rủi ro lớn hơn do mức độ thanh khoản, chấp nhận và duy trì giá trị thấp hơn. Để tìm hiểu sâu hơn về tiền ảo là gì thì bạn đọc có thể nhấp vào đây.
https://preview.redd.it/y3u6nx4vkjx51.png?width=800&format=png&auto=webp&s=ee93c9ec59830f3ede37352afd972b9c198ec561
Các đồng tiền ảo trên thế giới ngoài Bitcoin

Các đồng tiền ảo phổ biến trên thế giới

Dưới đây, chúng tôi sẽ thông tin về các đồng tiền ảo quan trọng, phổ biến trên thế giới ngoài Bitcoin. Tuy nhiên, đầu tiên cần lưu ý là không thể có một danh sách toàn diện về tất cả các đồng tiền ảo ngoài Bitcoin được liệt kê dưới đây. Một lý do đơn giản giải thích cho điều này là vì thực tế có hơn 7.000 đồng tiền điện tử đang tồn tại tính đến tháng 11 năm 2020 và nhiều trong số những đó được cộng đồng những người đầu tư ưa chuộng.

Ethereum (ETH) – một trong các đồng tiền ảo theo sau Bitcoin thành công nhất

Giải pháp thay thế Bitcoin đầu tiên trong danh sách là Ethereum – một nền tảng phần mềm phi tập trung cho phép lưu trữ các hợp đồng thông minh và ứng dụng phi tập trung được xây dựng và chạy mà không có bất kỳ thời gian chết, gian lận, kiểm soát hoặc can thiệp nào từ bên thứ ba. Các ứng dụng trên Ethereum được chạy trên mã hóa dành riêng cho nền tảng của nó là Ether.
Ether giống như một phương tiện di chuyển trên nền tảng Ethereum và được hầu hết các nhà nghiên cứu tìm kiếm để phát triển và chạy các ứng dụng bên trong Ethereum, hoặc bây giờ là bởi các nhà đầu tư đang tìm cách mua các loại tiền kỹ thuật số khác bằng cách sử dụng Ether. Ether, ra mắt vào năm 2015, hiện là đồng tiền kỹ thuật số lớn thứ hai theo vốn hóa thị trường sau Bitcoin, mặc dù nó đứng sau tiền điện tử thống trị với một tỷ suất lợi nhuận đáng kể. Kể từ tháng 1 năm 2020, vốn hóa thị trường của Ether chỉ bằng 1/10 so với Bitcoin.
Trong năm 2014, Ethereum đã tung ra một đợt bán trước cho Ether và nhận được phản hồi tích cực; điều này đã giúp mở ra kỷ nguyên phát hành đồng tiền ban đầu (ICO). Theo Ethereum, nó có thể được sử dụng để “mã hóa, phân quyền, bảo mật và giao dịch bất cứ thứ gì.” Sau cuộc tấn công vào DAO vào năm 2016, Ethereum được chia thành Ethereum (ETH) và Ethereum Classic (ETC). Tính đến ngày 2 tháng 11 năm 2020, Ethereum (ETH) có vốn hóa thị trường là $45,442 tỷ đô la và giá trị mỗi đồng được thông báo là $401.25 đô la.

Ripple (XRP)

Ripple là một mạng lưới thanh toán toàn cầu theo thời gian thực cung cấp các khoản thanh toán quốc tế tức thì và chi phí thấp. Trình làng vào năm 2012, Ripple cho phép các ngân hàng giải quyết các khoản thanh toán xuyên biên giới trong thời gian thực với ưu điểm là sự minh bạch từ đầu đến cuối và chi phí thấp hơn. Sự đồng thuận của Ripple (phương pháp cấu thành) độc đáo ở chỗ nó không không yêu cầu khai thác.
Thật vậy, tất cả các mã thông báo XRP của Ripple đã được khai thác trước khi ra mắt, có nghĩa là không có sự tạo ra của XRP theo thời gian, chỉ có việc giới thiệu và loại bỏ XRP khỏi nguồn cung thị trường theo hướng dẫn của mạng. Bằng cách này, Ripple tạo ra sự khác biệt so với Bitcoin và nhiều loại Altcoin khác. Vì cấu trúc của Ripple không yêu cầu khai thác, nó làm giảm việc sử dụng sức mạnh tính toán và giảm thiểu độ trễ mạng.
Cho đến nay, Ripple đã rất thành công với mô hình kinh doanh này. Nó vẫn là một trong những loại tiền kỹ thuật số hấp dẫn nhất trong số các tổ chức tài chính truyền thống đang tìm cách đổi mới thanh toán xuyên biên giới. Hiện nó cũng là tiền điện tử lớn thứ ba trên thế giới xét theo vốn hóa thị trường tổng thể. Tính đến ngày 2 tháng 11 năm 2020, Ripple có vốn hóa thị trường là $11,001 tỷ đô la và giá trị mỗi đồng được thông báo là $0.24 đô la.

Litecoin (LTC) – Top 10 các đồng tiền ảo có vốn hóa thị trường cao nhất


https://preview.redd.it/ylksxspwkjx51.png?width=800&format=png&auto=webp&s=36ec5d3394c752ce55b821b864e042d973825d0c
Đồng tiền ảo Litcoin (LTC)
Litecoin được ra mắt vào năm 2011, là một trong những đồng tiền điện tử đầu tiên đi theo chân của Bitcoin và thường được gọi ví von là “silver to bitcoin’s gold”. Nó được tạo ra bởi một cựu kỹ sử của Google, Charlie Lee, một sinh viên tốt nghiệp MIT. Litecoin hoạt động dựa trên mạng thanh toán toàn cầu có mã nguồn mở mà không bị kiểm soát bởi bất kỳ cơ quan trung ương nào và sử dụng thuật toán”scrypt” làm bằng chứng công việc, có thể được giải mã với sự trợ giúp của CPU cung cấp cho người tiêu dùng.
Mặc dù Litecoin có nhiều mặt giống Bitcoin nhưng nó có tốc độ tạo khối nhanh hơn vì vậy cung cấp thời gian xác nhận giao dịch cũng nhanh hơn. Ngoài các nhà phát triển, ngày càng có nhiều người bán chấp nhận Litecoin. Đến ngày 2 tháng 11 năm 2020, vốn hóa thị trường của Litecoin là $3,694 tỷ đô la và giá trị mỗi đồng thông báo là $56.16 đô la, khiến nó trở thành đồng tiền ảo lớn thứ sáu trên thế giới.

Tether (USDT)

Tether là một trong những đồng tiền đầu tiên và phổ biến nhất của một nhóm được gọi là Stablecoin, tiền điện tử nhằm cố định giá trị thị trường của chúng với một loại tiền tệ hoặc điểm tham chiếu bên ngoài khác để giảm sự biến động. Bởi vì hầu hết các loại tiền kỹ thuật số ngay cả những loại tiền lớn như Bitcoin, đã trải qua những giai đoạn biến động mạnh thường xuyên. Tether và các loại tiền ổn định khác cố gắng làm dịu biến động giá để thu hút những người dùng có thể thận trọng.
Tether được ra mắt vào năm 2014 tự mô tả mình là “một nền tảng hỗ trợ blockchain được thiết kế để tạo điều kiện thuận lợi cho việc sử dụng các loại tiền tệ định danh theo cách thức kỹ thuật số để giảm thiểu sự biến động và phức tạp thường liên quan đến tiền tệ kỹ thuật số. Vào ngày 2 tháng 11 năm 2020, Tether là tiền điện tử lớn thứ ba theo vốn hóa thị trường, với tổng vốn hóa thị trường là $16,680 tỷ đô la và giá trị mỗi đồng là $1,00 đô la.

Bitcoin Cash (BCH) – đứng thứ 5 về vốn hóa thị trường trong các đồng tiền ảo

Bitcoin Cash (BCH) giữ một vị trí quan trọng trong lịch sử của Altcoin vì nó là một trong những đồng có hard fork sớm nhất và thành công nhất từ Bitcoin gốc. Trong thế giới tiền ảo, fork diễn ra là kết quả của các cuộc tranh luận giữa các nhà phát triển và thợ đào coin. Do tính chất phi tập trung của tiền tệ kỹ thuật số, các thay đổi bán buôn đối với mã cơ bản của mã thông báo hoặc đồng xu trong tầm tay phải được thực hiện do sự đồng thuận chung. Quá trình này có cơ chế thay đổi tùy theo loại tiền điện tử cụ thể.
Khi các phe phái khác nhau không thể đi đến thỏa thuận, đôi khi tiền kỹ thuật số bị chia tách, với bản gốc vẫn đúng với mã gốc của nó và bản sao khác bắt đầu hoạt động như một phiên bản mới của đồng tiền trước đó, hoàn chỉnh với các thay đổi đối với mã của nó. BCH bắt đầu hoạt động vào tháng 8 năm 2017 do một trong những đợt chia tách này. Cuộc tranh luận đã dẫn đến việc tạo ra BCH có liên quan đến vấn đề khả năng mở rộng đó là mạng Bitcoin có giới hạn nghiêm ngặt về kích thước khối một megabyte (MB). BCH tăng kích thước khối từ một MB lên 8MB, với ý tưởng là các khối lớn hơn sẽ cho phép thời gian giao dịch nhanh hơn. Nó cũng thực hiện các thay đổi khác, bao gồm việc loại bỏ giao thức Segregated Witness ảnh hưởng đến không gian khối. Kể từ ngày 2 tháng 11 năm 2020, BCH có vốn hóa thị trường là $4,983 tỷ đô la và giá trị mỗi đồng là $268.51 đô la.

Monero (XMR)

Monero là một loại tiền tệ an toàn, riêng tư và không thể bị theo dõi. Đồng tiền ảo mã nguồn mở này đã được ra mắt vào tháng 4 năm 2014 và nhanh chóng thu hút sự quan tâm đông đảo của cộng đồng những người đam mê đồng tiền mã hóa. Sự phát triển của loại tiền điện tử này hoàn toàn dựa trên sự đóng góp và hướng tới cộng đồng. Monero đã được ra mắt với trọng tâm mạnh mẽ là phân cấp và khả năng mở rộng, đồng thời nó cho phép hoàn toàn quyền riêng tư bằng cách sử dụng một kỹ thuật đặc biệt gọi là “ring signatures”.
Với kỹ thuật này, sẽ có một nhóm các chữ ký mật mã bao gồm ít nhất một người tham gia thực sự và tất cả chúng đều có vẻ hợp lệ vì chữ ký thực không thể bị cô lập. Với cơ chế bảo mật đặc biệt như vậy, Monero đã phát triển một thứ có tiếng tăm không kém, nó có liên quan đến các hoạt động tội phạm trên khắp thế giới. Tuy nhiên, cho dù nó được sử dụng cho mục đích tốt hay xấu, không thể phủ nhận rằng Monero đã giới thiệu những tiến bộ công nghệ quan trọng cho tiền điện tử. Tính đến ngày 2 tháng 11 năm 2020 Monero có vốn hóa thị trường là $2,246 tỷ đô la và giá trị mỗi mã thông báo là $126.57 đô la.

EOS (EOS)


https://preview.redd.it/o9tk8qmxkjx51.png?width=800&format=png&auto=webp&s=7940879734a4eeedb7b6aa7813d9a0d66be1e00f
Đồng tiền ảo EOS
Ngoài Libra, một trong những đồng tiền kỹ thuật số mới nhất lọt vào danh sách này là EOS. Được công bố vào tháng 6 năm 2018, EOS được tạo ra bởi Dan Larimer – nhà tiên phong tiền điện tử. Trước khi làm việc cho EOS, Larimer đã là nhà sáng lập sàn tiền ảo Bitshares cũng như nền tảng truyền thông xã hội dựa trên blockchain Steemit. Giống như lịch sử của các loại tiền điện tử khác trong danh sách này, EOS được thiết kế sau Ethereum, vì vậy nó cung cấp một nền tảng mà các nhà phát triển có thể xây dựng các ứng dụng phi tập trung. Tuy nhiên, EOS có nhiều điều đáng chú ý vì nhiều lý do.
Đầu tiên, đợt chào bán đồng tiền ban đầu của nó là một trong những đợt phát hành lâu nhất và có lợi nhuận cao nhất trong lịch sử, thu về mức kỷ lục 4 tỷ đô la Mỹ trong quỹ nhà đầu tư thông qua các nỗ lực tìm nguồn cung ứng cộng đồng kéo dài một năm. EOS cung cấp một cơ chế bằng chứng cổ phần được ủy quyền mà nó hy vọng có thể cung cấp khả năng mở rộng vượt xa các đối thủ cạnh tranh.
EOS bao gồm EOS.IO, tương tự như hệ điều hành của máy tính và hoạt động như mạng blockchain cho tiền kỹ thuật số, cũng như tiền EOS. EOS cũng mang tính cách mạng vì không có cơ chế khai thác để sản xuất đồng tiền. Thay vào đó, các nhà sản xuất khối tạo ra các khối và được thưởng bằng mã thông báo EOS dựa trên tỷ lệ sản xuất của họ. EOS bao gồm một hệ thống các quy tắc phức tạp để điều chỉnh quá trình này. Với ý tưởng sẽ dân chủ và phi tập trung hơn so với các loại tiền điện tử khác trên thế giới. Kể từ ngày 2 tháng 11 năm 2020, EOS có vốn hóa thị trường là $2,361 tỷ đô la và giá trị mỗi mã thông báo là $2.52 đô la.

Bitcoin SV (BSV)

Bitcoin SV (BSV), với “SV” trong trường hợp này là viết tắt của “Satoshi Vision”, là một hard fork của Bitcoin Cash. Theo nghĩa này, BSV là một nhánh rẽ của mạng Bitcoin ban đầu. Việc nâng cấp mạng theo kế hoạch cho tháng 11 năm 2018 đã dẫn đến một cuộc tranh luận kéo dài giữa các phe phái khai thác và phát triển trong cộng đồng BCH, dẫn đến hard fork và sự ra đời của BSV. Các nhà phát triển Bitcoin SV đề nghị rằng tiền điện tử này nên khôi phục giao thức ban đầu của nhà phát triển Bitcoin- Satoshi Nakamoto và đồng thời cho phép các phát triển mới để tăng tính ổn định, cho phép khả năng mở rộng. Các nhà phát triển Bitcoin SV cũng ưu tiên bảo mật và thời gian xử lý giao dịch nhanh chóng. 2 tháng 11 năm 2020, BSV có vốn hóa thị trường là $3,074 tỷ đô la và giá trị mỗi mã thông báo là $165.64 đô la.

Binance Coin (BNB)

Binance Coin (BNB) là đồng tiền ảo chính thức của nền tảng trao đổi tiền điện tử Binance. Thành lập vào năm 2017, Binance đã nhanh chóng vươn lên trở thành sàn giao dịch lớn nhất trên toàn cầu về khối lượng giao dịch tổng thể. Bên cạnh đó Binance Coin cho phép người dùng Binance giao dịch hàng chục loại tiền điện tử khác nhau một cách hiệu quả trên nền tảng Binance. Ngoài ra, BNB được sử dụng để hỗ trợ phí giao dịch trên sàn giao dịch và cũng có thể được sử dụng để thanh toán cho một số hàng hóa và dịch vụ, bao gồm phí đi lại và các dịch vụ khác. Kể từ ngày 2 tháng 11 năm 2020, BNB có vốn hóa thị trường là $4,145 tỷ đô la và giá trị mỗi mã thông báo là $28.71 đô la.

Lời kết

Những thông tin về các đồng tiền ảo phổ biến trên thế giới ngoài Bitcoin trên đây sẽ giúp người đọc có thêm được kiến thức về các Altcoin. Với kiến thức này bạn đọc sẽ có động lực để tìm hiểu về nghiên cứu sâu hơn về một đồng tiền ảo mà cảm thấy phù hợp và hứng thú với bản thân. Tìm hiểu thêm các thông tin mới nhất và chất lượng nhất về thị trường tiền ảo nhé.Xem thêm: Đầu tư tiền ảo là gì? Các bước đầu tư tiền ảo cho người mới
submitted by san_giao_dich_tienao to u/san_giao_dich_tienao [link] [comments]

Rebasing, new money, old money, the stable value, and value fluctuations.

Hello all.
I have seen several people comparing ampleforth to bitconnect, so here is the simplified formula: (Oracle Price – Target Price) / 10 supply change every 24 hours.
Now so long as the price fluctuations are under this amount, we never run the risk of dropping into negative territory. Now, look at the chart. What are our fluctuations?
The biggest fluctuation was the 13 july 2020, from 3.46 to 1.86. Now, is this due only to the rebase? No. If you look up on the days before that, we had a massive run up. This looks like a normal market pattern cycle that got burst.
But did hodlers lose? No. The marketcap just keeps going up. So, what could cause the price to dip below $1? Well, if we reached $1, and the marketcap stagnated, then a whale *COULD* crash the market. However, there are several things to consider here. First, when we reach a stagnated market value, ampleforth will have taken a strong competitive edge against tether and usdc. That means its volume will be absolutely massive. Second, it requires more money to crash an asset than it requires to jack an asset's prices up.
Psychology lesson. Most people are bad traders because they treat risk and reward differently. They hold losing positions hoping the losing position will come back, and they hesitate to take winning positions if there is a chance of loss.
This risk adverse mentality has an application here. Also, the lower number of say .90 is a numerically lower number than say 1.15.
And trading lesson... the spot price of an asset is determined by active traders. Not by actual hodlers. Traders are necessarily reactionary. We cannot see the future. And when the price fluctuates, non market participants tend to become active market participants. This is why small price moves can spark feagreed runs.
At ampleforth's target price of $1, it is going to be difficult for any one trader to crash the market, and we will NOT see price drops to .5 as a normal occurrence. If we do, there is an arbitrage that traders like me WILL do if it happens. Basically since we know that below $1 the rebase is a negative event, we will do the opposite of current actions with trading. The current trading strategy that eliminates risk while at the same time maximizes returns is to jump in with tether 5 minutes before rebase, and jump out and crash the market with the new 10% supply. Under $1, the strategy would be to buy and jump in. Right before rebase, traders sell, and then buy back in after rebase.
People who are saying ampleforth is a bad investment are probably wrong. There are reasons it won't crash sub $1 when it has lots of users, and there are ways the market can remedy the situation.
Now.. the ampleforth rich list IS disturbing. Just like satoshi nakamoto holding 10% of bitcoin is disturbing. However, they are a respectable crypto company, and they have plans for at least coinbase and binance, and I do not see them flash dumping on the market. That isn't to say they might sell. I am saying that if they do sell, they will do it in a nice respectful manner that does not crash the market, and doesn't cause lots of slippage for them.
submitted by Ghostcarapace3 to AmpleforthCrypto [link] [comments]

Voici LA chronique à découvrir, intitulée: La guerre contre Bitcoin. Idéal pour comprendre certains tenants et aboutissants

Voici LA chronique à découvrir, intitulée: La guerre contre Bitcoin. Idéal pour comprendre certains tenants et aboutissants… Bonne découverte!
La guerre contre Bitcoin
Bitcoin est peut-être le meilleur outil de liberté économique de cette génération, et peut-être depuis plusieurs générations. Malheureusement, Bitcoin a été furieusement étouffé par une guerre civile brutale depuis environ cinq ans maintenant; menée par des ingénieurs sociaux professionnels de certaines des entreprises les plus puissantes des médias sociaux. Leur talent dans l'art et la science de la manipulation a permis aux "Bitcoiners" de se battre largement entre eux plutôt que de chercher à créer des modèles commerciaux innovants basés sur les données qui pourraient révolutionner l'économie mondiale via Bitcoin.
À la suite de la guerre civile de Bitcoin, trois versions concurrentes de Bitcoin ont vu le jour (BTC, BCH et BitcoinSV ), mais il en est de même pour environ 3000 autres projets et jetons de « crypto-monnaie » se faisant passer pour des entreprises légitimes, souvent jusqu'à un "exit scam" presque garanti, le fait de disparaitre du jour au lendemain avec tout l'argent des utilisateurs. Le principal bienfaiteur de la guerre civile Bitcoin a été Ethereum: une cryptomonnaie qui fonctionne comme une machine à états mondiale et permet un déploiement facile de tokens et de contrats intelligents. Mais le protocole Ethereum ne peut pas évoluer, et parmi les milliers de projets lancés, seule une poignée pourrait même être présentés comme pouvant devenir des entreprises légitimes. La plupart des autres sont des stratagèmes de Ponzi ou des émissions d'actions illégales enrichissant les développeurs et escroquant les investisseurs amateurs.
C'est dans ce contexte que les défenseurs de BTC et de BCH, les porte-parole d'Ethereum et les altcoiners (nom donné pour englober toutes les autres cryptomonnaies) de tous bords s'alignent pour attaquer sans cesse le protocole Bitcoin préservé uniquement par le réseau BSV. Une industrie composée presque entièrement de criminels, de fraudes et d'arnaqueurs s'est unie contre BSV citant - et c'est là l'ironie! - une prétendue fraude et arnaque présumée qui serait l'existence même de BSV.
Nous devons nous demander pourquoi ?
Quel est le différenciateur clé de BSV?
Pourquoi tous les arnaqueurs se sont-ils unis contre lui?
Je suis fermement convaincu que pour la plupart, la motivation est la peur de la capacité de BSV à absorber l'économie mondiale et tous les autres projets «crypto» qui vont avec. Pour les autres, ou ceux qui ne comprennent pas le pouvoir du Bitcoin, ils sont entraînés dans une guerre civile et culturelle qui les dépasse. Il est essentiel de comprendre les pouvoirs en jeu et leurs implications pour Bitcoin et l'économie mondiale.
Une histoire brève de Bitcoin
Bitcoin a été lancé avec un "livre blanc" sur la liste de diffusion de cryptographie en 2008. Le pseudonyme « Satoshi Nakamoto » a déclaré une solution au problème de la double dépense. Or il s'agit là du problème de tous les systèmes de paiement électronique précédents, et c'était le seul facteur limitant l'adoption d'une monnaie digitale fonctionnelle. Mais qu'est-ce que le problème de la double dépense ? Pour faire simple, il était impossible de prouver exactement qui possédait quelles unités d'argent sur des registres distribués, de sorte que les utilisateurs ne pouvaient pas avoir confiance dans le système, et ces projets mourraient assez vite. Bitcoin a résolu ce problème avec un concept appelé la « preuve de travail ». Il pose la question: qui a utilisé le plus de puissance de calcul pour résoudre des énigmes arbitraires ? ceci afin de rendre compte de l'état du registre d'une manière qui coûte de l'argent, de sorte qu'il y ait une incitation économique à tenir un compte honnête des avoirs de chacun des participants. Ce processus est souvent appelé « exploitation minière » car les nœuds honnêtes qui maintiennent l'état du registre sont récompensés pour leur travail avec des nouveaux Bitcoins toutes les dix minutes - un peu à la même manière d'un mineur d'or qui est récompensé par de l'or en échange de son travail.
Étant donné que Bitcoin n'avait aucune valeur lors de son lancement, il était extrêmement facile à miner et également gratuit d'envoyer des tonnes de transactions. En théorie, il s'agissait d'un vecteur d'attaque par déni de service (DoS). Une attaque DoS ou DDoS se produit lorsque les nœuds d'un réseau sont inondés de plus de données qu'ils ne peuvent en gérer et qu'ils se mettent donc à planter. Sur le jeune réseau Bitcoin, un crash comme celui-ci aurait été considéré comme un échec du réseau. Pour empêcher cela, un plafond de 1 Mo de données par chaque dix minutes de transactions a été codé en dur dans le logiciel - semant la première graine de la guerre civile Bitcoin. De 2009 à 2017, cette limite de 1 Mo sur le total des transactions était l'aspect technique le plus controversé du bitcoin et le déclencheur de la plus grande guerre civile virtuelle de l'univers de la cryptomonnaie.
Pourquoi est-ce aussi important?
Une seule transaction basique Bitcoin est relativement petite du point de vue des données, donc 1 Mo toutes les dix minutes donne environ trois à sept transactions par seconde avant que le réseau ne devienne trop encombré. Satoshi Nakamoto le créateur, a plaidé pour un nombre de transactions du niveau de Visa et bien plus, ainsi que son successeur direct en tant que développeur principal du projet, Gavin Andresen. Certains des premiers Bitcoiners influents comme Mike Hearn et Jeff Garzik ont ​​également plaidé pour plus de données par bloc pour permettre à Bitcoin de se développer et de rester le meilleur système de paiement électronique. Ils étaient pour des «gros blocs» contrairement au camp des «petits blocs» qui préconisaient une permanence de la limitation de 1 Mo des blocs.
Le camp des "petits blocs" estiment que Bitcoin n'est pas un réseau de paiement, mais plutôt qu'il s'apparente davantage à une banque décentralisée conçue pour stocker des Bitcoins qui ne bougent jamais: une sorte de coffre-fort d'or numérique. Ils voulaient que la limite de taille des blocs de 1 Mo reste permanente sous les auspices de chaque personne exécutant un «nœud complet» sans avoir à payer trop d'espace sur le disque dur. Cela signifierait qu'en période de congestion, les frais de transaction deviendraient absurdement élevés, mais cela n'aurait pas d'importance car le bitcoin ne devrait pas être utilisé pour des envois sauf en grosses quantités de toute façon, selon eux. En décembre 2017 les frais de BTC ont ainsi atteint les $50 par transaction. L'autre problème est que s'il est bon marché de rejoindre la gouvernance de Bitcoin, alors le réseau est facile à attaquer par Sybil, et je dirais que BTC est régi par des sybilles à ce jour.
Le camp des "gros-blocs" estime que tout le monde sur terre devrait être en mesure d'échanger et de faire ses affaires sur Bitcoin pour des frais infimes, de l'ordre d'un centième ou millième de centime par transaction, afin d'apporter à la population mondiale la liberté monétaire, y compris aux pays les plus pauvres qui sont gardés en dehors du système actuel car considérés comme pas assez profitables pour des entreprises comme Visa.
Les "petits-blocs" pensent que tout le monde devrait être en mesure de gérer soi-même le registre mondial chez soi, mais que seules certaines personnes très riches devraient pouvoir effectuer des transactions, ce qui est le cas quand les frais sont à $50 par transaction comme en 2017.
Après des années de querelles, en 2017, Bitcoin s'est scindé en deux chaînes distinctes, et en 2018, il s'est à nouveau divisé.
Alors quelle est la différence entre ces trois versions ?
BTC est actuellement la version qui a le prix le plus élevé, avec la plus petite taille de bloc et la plus grande puissance de calcul. On peut dire que BTC à gagné la guerre médiatique. Malheureusement, il est régi par des développeurs et des sybilles qui contrôlent le consensus grâce à une utilisation intelligente de logiciels malveillants appelés «soft-fork» qui leur permet de saper les règles du Bitcoin. Ils utilisent ce pouvoir pour changer les règles des transactions en mentant aux nœuds et en leur disant de les valider quand même. Toute la culture BTC consiste à acheter du BTC afin de le conserver jusqu'à un moment dans le futur où il serait revendu à un prix exorbitant. Le but est de spéculer au maximum. Les paiements avec BTC, particulièrement les petits paiements, ou les transactions de toute nature non-monétaires, sont méprisés.
BCH est un réseau basé sur Bitcoin qui pense que les blocs devraient être à peine légèrement plus grands, mais ils ont également des développeurs en charge des règles, tout comme BTC, et ils pensent que Bitcoin devrait être utilisé uniquement pour le commerce de détail, mais rien de plus. Le réseau change de règles tous les six mois. Les transactions non commerciales sont en général méprisées. Un nouveau scindement de BCH est prévu pour novembre 2020 suite à des conflits internes et l'incapacité à avoir un système de gouvernance dans un projet où les règles changent en permanence.
BSV est la version restaurée du protocole Bitcoin original avec tous les paramètres ouverts afin que les nœuds honnêtes puissent s'engager dans un consensus conformément au livre blanc de Bitcoin - par la preuve de travail ! Le protocole est gravé dans la pierre afin que les développeurs de logiciels ne puissent pas bricoler les règles. Cela permet aux entreprises de planifier des décennies d'utilisation du réseau et d'investir en toute confiance. Il s'agit d'apporter une réelle innovation technologique au monde plutôt que de spéculer. En tant que seul réseau bitcoin totalement sans besoin d'autorisation, le commerce de toute nature est encouragé sur BSV. Tout, allant des réseaux sociaux aux expériences de science des données météorologiques ou aux tests de disponibilité du réseau, est encouragé. Paiements de détail, tokenisation, ou tout autre type de contrat intelligent est simple à déployer sans limitations. Bitcoin SV n'a aucune limite dans son protocole sauf l'esprit humain, l'innovation et l'esprit d'entreprise. Il vise également une adoption mondiale notamment par les pays pauvres afin d'apporter la liberté monétaire et l'inclusion à l'économie mondiale de ceux que les grandes entreprises actuelles comme Visa dédaignent comme pas assez profitables pour leur accorder leur services.
Et c'est la racine de la haine envers BSV.
Les "petits-blocs" ont investi toute leur réputation et leurs moyens de subsistance sur la notion que le bitcoin est incapable de s'adapter. Pendant des années, des experts présumés ont convaincu de nombreuses personnes que les limites de taille de bloc de 2 Mo, 8 Mo ou 22 Mo casseraient littéralement Bitcoin. Ils ont furieusement mis en jeux leur réputation sur ces fausses notions. Et ensuite, BSV a eu de nombreux blocs de plus de 100 Mo. En fait, il y en a même eu quelques-uns de plus de 300 Mo! prouvant que les petits-blocs se trompaient depuis le début sur les limites du réseau. Mais cette prise de conscience est une menace pour l'hégémonie de l'histoire médiatique qui a été crée sur Bitcoin. Depuis 2015, lorsque le Dr Craig Wright est apparu sur les lieux pour expliquer que le bitcoin avait en réalité ZERO limitations, il a créé un tollé massif parmi l'intelligentsia des petits-blocs. Les leaders d'opinion de l'époque étaient payés pour prendre la parole lors de conférences où ils expliquaient à tort que Bitcoin n'était rien d'autre qu'une réserve de valeur rare sans autre utilité, et surtout pas à usage des plus pauvres. Le Dr Wright parlait de l'échelle illimitée du réseau, de son exhaustivité de Turing, de l'objectif d'inclure enfin les plus pauvres dans l'économie mondiale, et d'autres notions inconcevables (à l'époque) sur Bitcoin. Sa passion et ses connaissances se sont heurtées à des calomnies et des railleries. Ils se sont concentrés sur l'attaque de son personnage au lieu de discuter de Bitcoin!
C'est devenu l'une des principales méthodes d'attaque des petits-blocs. Lorsque de gros-blocs parlent des capacités de Bitcoin, ils sont ridiculisés en tant qu'escrocs et le sujet est toujours dirigé très loin de la discussion technique, car les petits-blocs savent bien qu'ils sortiraient perdants. Ils fouillent les dossiers personnels et cherchent des moyens de faire taire les gens du camp des grands-blocs de Bitcoin par des attaques personnelles - de la même manière que les guerriers de la justice sociale s'engagent dans la culture d'annulation contre leurs ennemis politiques.
Qui est le Dr Craig Wright et que fait-il?
Craig Wright est le scientifique en chef d'une société de recherche sur Bitcoin au Royaume-Uni appelée nChain : une société de 150 à 200 informaticiens. Craig dirige l'équipe qui étudie les possibilités de Bitcoin et de ses applications dans le monde. Il est l'un des experts en criminalité numérique les plus reconnus au monde avec les certifications SANS et GIAC ainsi que les titres GSE CISSP, CISA, CISM, CCE, GCFA, GLEG, GREM et GSPA. En outre, il est un polymathe multidisciplinaire de troisième cycle: un doctorat en informatique, économie et théologie et titulaire d'une maîtrise en statistique et en droit commercial international.
En 2015, il a également été exposé par une publication conjointe de WIRED et Gizmodo en tant que Satoshi Nakamoto, le créateur de Bitcoin. Quelques jours après cette révélation, les gens qui le soutenaient ont vu leurs clés d'accès au code de Bitcoin révoquées, et de nombreux autres ont été instantanément bannis. Craig a été mis sous enquête par le bureau des impôts australien pour ce qu'il considérait être une erreur de comptabilisation probable de ses bitcoins. Les retombées ont été agressives et rapides, avec une gigantesque armée de petits-blocs, organisée sur Reddit et d'autres forums, et nouvellement financés par l'argent de la startup pro petits-blocs appelée «Blockstream». Leur message était clair: Bitcoin doit garder de petits blocs. Le Bitcoin ne peut pas évoluer et doit rester réservé aux riches, et toute personne proche de Craig Wright sera harcelée pour se conformer à une armée de comptes Twitter anonymes et sans visage.
Voici un schéma qui retrace les financements de Blockstream et révèle comment le groupe Bilderberg, la banque centrale américaine (FED) et Mastercard on pris le contrôle du réseau BTC via Blockstream afin de le soumettre à leur propre profit: https://imgur.com/eFApDVE
Au cours des années suivantes, Ira Kleiman, frère du défunt Dave Kleiman, a poursuivi Craig Wright en justice pour sa part du prétendu «Partenariat Satoshi Nakamoto», affirmant que son frère Dave était plus impliqué qu'il ne l'était réellement, et l'affaire est en cours actuellement, jusqu'à courant 2021. Ira Kleiman pense que Craig est Satoshi et il a investi une fortune incalculable dans cette attaque et a obtenu l'argent d'investisseurs extérieurs pour poursuivre sa poursuite. Il est clair que les bailleurs de fonds d'Ira pensent que Craig est également Satoshi.
Les critiques qualifient souvent la révélation publique et le procès public de Wright de ternir énormément sa réputation, mais il convient de noter que les deux sont arrivés à Wright malgré sa volonté et qu'il ne souhaitait clairement pas être pris dans l'une ou l'autre situation.
Au lieu de cela, Craig est un défenseur passionné de la vision d'un Bitcoin avec de gros blocs, appelant à la professionnalisation, à la légalisation et à l'utilisation mondiale de Bitcoin pour une utilisation à tous les niveaux du commerce. La réponse à la passion de Craig et à ses affirmations a été d'attaquer sa réputation et d'endosser Internet avec le surnom de «Faketoshi». Lorsque de simples brimades ont échoué contre le Dr Wright, des attaques ont été intensifiées pour remettre en question ses divers diplômes, des pétitions aux universités pour enquêter sur lui pour plagiat dans divers travaux, y compris des thèses de doctorat, etc. Wright a même revendiqué des menaces contre la vie des membres de sa famille et il y a plus qu'une preuve que, selon Ian Grigg, une des légendes de la cryptographie: «des gens sont morts pour Bitcoin, croyez moi, des gens sont morts».
Les attaques en cours
Cela ne peut être assez souligné: la communauté des petits-blocs est construite autour de tactiques d'ingénierie sociale professionnelles. Gregory Maxwell, co-fondateur de la société Blockstream, a été formé à la pratique de l'ingénierie sociale et l'a utilisé de manière si subversive comme un outil de propagande pendant son mandat en tant que modérateur rémunéré de Wikipedia, qu'il a finalement été démis de ses fonctions avec les journaux d'administration citant une litanie d'infractions, notamment:
«Gmaxwell s'est engagé dans la création de faux comptes en masse…» - Alhutch 00:05, 23 janvier 2006 (UTC)
«Menaces, insultes grossières, usurpations d'identité d'un administrateur», -Husnock 03:18, 25 janvier 2006 (UTC)
«Son comportement est scandaleux. Franchement, il est hors de contrôle à ce stade. Son comportement d'intimidation doit cesser.» - FearÉIREANN 19:36, 22 janvier 2006 (UTC)
«Sa liste de contributions est hors de propos. C'est du vandalisme. C'est un comportement auquel je m'attendrais d'un éditeur en furie, et franchement, c'est ce qu'est Gmaxwell.» - Splashtalk 20h00, 22 janvier 2006 (UTC)
«Prétend être un administrateur, menaçant de bloquer les personnes qui ne sont pas d'accord avec lui, fait régulièrement des attaques personnelles» - SlimVirgin (talk) 12h22, 22 janvier 2006 (UTC)
Il passe beaucoup de temps sur Reddit et d'autres forums à semer la peur sur les dangers des gros blocs, et il a été surpris en train de faire semblant d'être plusieurs comptes à la fois en train d'avoir de très longues discussions techniques sur Reddit destinées à submerger les nouveaux arrivants avec ce qui ressemble à un débat intellectuel contre une version de Bitcoin libéré de ses limites.
Qui d'autre est attaqué?
L'autre cible commune de la machine de guerre médiatique anti-BSV est Calvin Ayre: un milliardaire à la tête de l'empire du groupe Ayre. Calvin est un entrepreneur canadien et antiguais qui a lancé un incubateur Internet à Vancouver au tout début du boom Internet. Fils d'un éleveur, Ayre est surtout connu en dehors de l'économie Bitcoin pour la création et la professionnalisation de l'industrie du jeu sur Internet. Plus particulièrement, sous la marque Bodog, Ayre a aidé à moderniser les lois financières américaines obsolètes en poussant les limites dans les marchés gris qui existent où les dollars américains sont utilisés à travers les frontières pour s'engager dans un commerce juridiquement compliqué comme le jeu d'argent. Son travail dans ce domaine lui a valu une petite fortune et un passage sur la liste des «plus recherchés» du gouvernement des USA pour blanchiment d'argent. C'est un point sur lequel les petits-blocs aiment se concentrer, mais ils le sortent complètement de son contexte. Calvin a finalement plaidé coupable à une accusation mais a été le fer de lance de la modernisation des lois américaines qui existent aujourd'hui sur les marchés. Il est respecté pour son travail dans l'industrie du jeu, des médias et de la philanthropie. Calvin est le bienvenu aux États-Unis malgré la critique souvent citée selon laquelle il serait une sorte de hors-la-loi.
Calvin Ayre
Dans l'économie Bitcoin, Ayre est une figure de proue dans la gestion de nœuds Bitcoin honnêtes depuis plusieurs années sous les marques CoinGeek et TAAL, et il est un investisseur dans nChain ainsi que plusieurs startups de l'espace BSV. Bien qu'il soit probablement le plus gros investisseur à ce jour, il n'est pas le monopole que les petits-blocs laisseraient croire. Il est important de comprendre que des segments entiers de l'écosystème BSV existent complètement en dehors de son influence.
Twetch, par exemple, est une entreprise indépendante appartenant à l'écosystème BSV, célèbre pour ses attaques contre les médias sociaux centralisés qui abusent de la censure. Ils sont même connus pour se moquer des entreprises qui acceptent l'argent d'Ayre, en plaisantant que Calvin possède tout sauf Twetch. Bien sûr, ce n'est pas vrai. Un autre excellent exemple est l'investisseur / entrepreneur indépendant Jack Liu : ancien dirigeant de Circle et OKEX. Liu possède la marque de hackathons CambrianSV ainsi que des propriétés précieuses dans l'espace BSV telles que RelayX, Streamanity, Output Capital, FloatSV et Dimely.
Les autres acteurs clés sont MatterPool Mining et leur écosystème Mattercloud: une joint-venture entre des acteurs indépendants de l'écosystème BSV, avec des connexions directes aux protocoles BoostPOW et 21e8 et des relations avec des développeurs BSV indépendants.
Bien sûr, il existe également des marques précieuses financées par Ayre. Il s'agit notamment de la propriété partielle via l'investissement dans HandCash, Centi, TonicPow et Planaria Corp de Unwriter.
Une autre mesure importante à prendre en compte est la distribution de la puissance de hachage (autre nom pour la puissance de calcul du résau). Alors qu'au tout début de BSV, les entreprises appartenant à Ayre représentaient une quantité importante de hachage sur bitcoin, afin d'assurer sa survie, BSV est aujourd'hui en grande partie exploité par des mineurs concurrents de Ayre tels que Binance, F2Pool, OKEX et ViaBTC - dont aucun n'est «ami» de BSV ou d'Ayre, mais beaucoup se déclarent les ennemis. Ces mineurs soulignent bien la nature ouverte et sans permission de BSV qui permet à quiconque de participer, notamment à ses ennemis!
Ayre est un acteur important, mais en aucun cas un contrôleur de la direction de la blockchain ou des entreprises indépendantes dans l'économie BSV.
Mais pourquoi Craig poursuit-il des gens en justice ?
Tout d'abord, et c'est crucial, le procès le plus important de Craig est l'affaire Kleiman. Les autres cas existent uniquement à cause de la diffamation publique du Dr Wright. Le hashtag #CraigWrightIsAFraud circule largement, poussé en grande partie par un mélange de personnages anonymes sur Twitter. Plus particulièrement Magnus Granath AKA «Hodlonaut» a été averti qu'une accusation publique de fraude courait à son encontre. La carrière du Dr Wright est en informatique et en criminalistique numérique, donc le déclarer publiquement une fraude sans preuve cause un préjudice financier au Dr Wright dans son domaine d'expertise commerciale. Puisque «Hodlnaut» a refusé de cesser, on lui a envoyer une requête pour être vu au tribunal afin de pouvoir apporter les preuves de ses accusations. Cela a causé le célèbre podcasteur de petits-blocs Peter McCormack à mendier d'être poursuivi aussi - en augmentant la rhétorique diffamatoire contre le Dr Wright. À la demande de McCormack, il a lui aussi été attaqué en justice pour être vu au tribunal. Le Dr Wright à depuis abandonné tous ses procès pour diffamation à l'exception de celui contre McCormack qu'il souhaite continuer pour faire exemple.
Cela a aussi engendré la campagne #DelistBSV menée en grande partie par «CZ», le PDG charismatique de Binance-Exchange. Divers autres échanges comme Shapeshift et Kraken ont publié des sondages twitter demandant s'ils devaient emboîter le pas, et des petits-blocs bien organisés ont voté en masse pour retirer BSV de leurs échanges - citant la toxicité du Dr Wright pour avoir intenté des poursuites en diffamation contre Hodlonaut et McCormack. Finalement, BSV a été retiré de Binance, ShapeShift et Kraken. Il a également été noté publiquement par Coinbase et Gemini qu'ils ne soutiendraient pas cette version de bitcoin à la suite de ce drame public. Il faut noter qu'après 2 ans, Binance a retourné sa veste et est aujourd'hui devenu un des principaux mineurs de BSV.
Au fur et à mesure que les choses progressaient, le fondateur de bitcoin .com, Roger Ver, a également réalisé une vidéo publique déclarant Wright comme arnaqueur. C'était après avoir travaillé sournoisement avec les développeurs Bitcoin ABC pour coder des points de contrôle dans le logiciel ABC de Bitcoin Cash, divisant de manière permanente le réseau Bitcoin pour la deuxième et dernière fois - un acte auquel le Dr Wright s'était opposé et pour lequel Roger est également poursuivi par d'autres parties privées en Floride. Roger Ver a été averti que s'il continuait, des poursuites juridiques similaires se présenteraient à sa porte pour avoir diffamé le Dr Wright, mais il à décidé de poursuivre les accusations publiques jusqu'à ce qu'il soit également entendu devant le tribunal pour fournir une preuve de la fraude de Wright, sous peine de sanctions pour diffamation publique. Aucune preuve n'a jamais été fournit, mais le Dr Wright a depuis abandonné ses poursuites contre Roger Ver pour se concentrer sur son procès avec Kleiman et celui avec McCormack ainsi que son travail sur Bitcoin.
Et maintenant que se passe-t-il ?
Nous avons établi l'histoire du Bitcoin, de sa guerre civile, des attaques publiques contre Wright, Ayre et BSV. Au moment d'écrire ces lignes, nous pouvons revenir sur les attaques contre Thomas Lee, Tim Draper et Jimmy Wales pour avoir eu une proximité avec BSV. Malgré la pression sociale, le rapport technique Fundstrat de Lee a rendu un examen élogieux du protocole fixe et de l'évolutivité infinie de BSV. Lee et son équipe étaient heureux de prendre la parole lors des événements précédents de CoinGeek, même après le tollé public.
Pour la conférence CoinGeek 2020 à New York, McCormack, Hodlonaut, « Arthur Van Pelt » et d'autres acteurs tels que le Dan Held de Kraken et une cacophonie de trolls anonymes sur Twitter ont mis à profit leur expérience de la culture d'annulation à la bolchevique pour faire pression sur l'orateur Gary Vaynerchuk ainsi que d'autres orateurs prévus pour cette conférence, afin de les forcer à annuler leur participation. Cette attaque sociale contre BSV, Dr. Wright, Ayre et les autres entreprises qui utilisent le réseau BSV pourrait être un gigantesque cas de fraude à la consommation. Ils trompent activement les gens en leur faisant croire que le protocole fixe et l'évolutivité infinie de Bitcoin BSV sont en quelque sorte dangereux, alors qu'en fait, le protocole et le réseau sont imperméables à toutes les attaques, à l'exception de leur ingénierie sociale.
Bitcoin SV s'est développé professionnellement avec un portefeuille de brevets de protection de niveau mondial. Il est utilisé par des entreprises indépendantes afin d'apporter des innovations technologiques et possède un groupe décentralisé de nœuds honnêtes qui se font concurrence. Le réseau est fixe, sécurisé et en croissance grâce aux investissements de petites entreprises et de gestionnaires de capitaux. Les transactions sont instantanées avec des frais de 0.0002€ par transaction en moyenne, explosant tous les records de compétitivité de l'écosystème et permettant aux plus pauvres de la planète d'enfin accéder à l'économie digitale mondiale. Les mensonges sont basés sur une campagne massive de dénigrement perpétrée par les communautés d'autres cryptomonnaies qui craignent l'adoption mondiale de BSV comme outil de commerce et ce que cela signifiera pour eux. L'histoire ne sera pas gentille avec ces manipulateurs et leurs réseaux qui sont financés par les fraudes probables des échanges de crypto-monnaies off-shore, le (très probablement) frauduleux Tether Stablecoin, et l'économie des arnaques de "pump-and-dump" qui sous-tend 95% du volume de négociation de l'ensemble de l'économie cryptomonnaie actuelle.
C'est une guerre civile. Il y aura toujours des victimes, mais alors que BTC et BCH se concentrent sur les ragots et les affaires illicites, BSV veut que le monde entier soit plus libre, plus souverain et plus capable de coopérer sur le registre mondial de la vérité afin que les entrepreneurs du monde puissent s'engager à créer des entreprises ou de simples nano-services sont rendus possibles uniquement par Bitcoin. Bitcoin est un test d'intelligence. Au fil du temps, les personnes intelligentes pourront voir à travers le brouillard de distorsion de la réalité créé pour confondre les innocents et reconnaître cela pour ce que c'est, une attaque coordonnée pour tenter de supprimer une technologie qui à un potentiel unique dans l'histoire, et qui les rendrait obsolètes.

Des exemples d'applications Bitcoin que vous pouvez utiliser dès aujourd'hui ?
Les applications qui sont construites sur Bitcoin et interagissent entre elles par ce biais créent ce qu'on appelle le "Metanet". Si vous vous sentez prêt à faire le premier pas dans le futur vous êtes libres de tester les applications les plus populaires du Metanet sur https://metastore.app/apps?sort=money
Le site le plus populaire du Metanet à ce jour est Twetch, une version de twitter incensurable sur la blockchain que vous trouverez ici : bit.ly/twetchapp

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sources: inspiré de https://coingeek.com/the-war-on-bitcoin/
image : https://imgur.com/1Yb0Yle
Voici un schéma qui retrace les financements de Blockstream et révèle comment le groupe Bilderberg, la banque centrale américaine (FED) et Mastercard on pris le contrôle du réseau BTC afin de le soumettre à leur propre profit: https://imgur.com/eFApDVE
submitted by zhell_ to BitcoinSVFrance [link] [comments]

BSV

BSV
https://preview.redd.it/urpoegyjy2p51.png?width=1153&format=png&auto=webp&s=fa9af77daf73293714d33e7266aedda0a109e2b2
Bitcoin SV (Satoshi Vision). Un fork de un fork del Bitcoin Core (BTC) a partir de las discrepancias en escalabilidad y tamaño de bloque.
Veamos qué dice Coinpaprika:
Bitcoin SV – is a new coin splitted of Bitcoin Cash blockchain on 15 November 2018. Four fundamental pillars form the basis of Bitcoin SV’s roadmap to create the one blockchain for the world: stability, scalability, security, and safe instant transactions (a.k.a 0-confirmation). The Bitcoin SV project was created at the request of and sponsored by Antiguan-based CoinGeek Mining, with development work initiated by nChain. The project is also owned by the Antiguan-based bComm Association on behalf of the global BCH (SV) community, and the Bitcoin SV code is made available under the open source MIT license.
Qué tiene de bueno BSV? Estabilidad, escalabilidad, seguridad y transacciones seguras e instantáneas. Yo no tengo queja con ninguna de ellas. Las transferencias son muy rápidas (segundos) y con una fee razonable. Incluso asumidas en muchos casos por el proveedor.
La escalabilidad (banca) y el tamaño de bloque (multimedia) serán fundamentales a futuro.
“The existing Visa credit card network processes about 15 million internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling.” – Satoshi Nakamoto (April 2009)
The BSV network will ‘upgrade’ to Quasar and increase the block size from 128 MB to 2 GB on July 24, 2019.
https://preview.redd.it/w6voga5ly2p51.jpg?width=2256&format=pjpg&auto=webp&s=c08304e64764e01515c379b8d9bcac35f3c7c3f4
BTC podrá seguir añadiendo capas paralelas, parches y demás que ya contempla BSV de base. No sé si es una solución que pueda alargarse en el tiempo, por lo que no parece que compitan en la misma liga. Queda por ver si complementarias o excluyentes …

Qué tiene de malo BSV? Es otro proyecto más? Si bien los números y la visión es ganadora, no siempre lo mejor es lo más extendido ni lo más adoptado. Lo peor que tiene BSV … es que no es BTC. Ni BCH. Hay multitud de haters atacando el proyecto y a su promotor principal Craig Wright. Autoproclamado como Satoshi Nakamoto, el promotor está envuelto en líos judiciales en el caso Kleiman (su socio fallecido) en el que los herederos de éste reclaman una fortuna (estimada en 1,1 millones de BTC) de cuando trabajaban conjuntamente. Más info:
https://es.cointelegraph.com/news/craig-wright-must-prove-access-to-11m-btc-fortune-by-april-17 
Noticias como ésa, unida a los haters de profesión (que lógicamente defienden “lo suyo”), ha convertido a BSV en una moneda controvertida que no deja indiferente a nadie. Para ver un ejemplo claro, Binance lo delistó arrastrado por la numerosa comunidad que atacaba a Craig Wright. Sin embargo, las pools de esa misma Binance están minando BSV mayoritariamente porque es una moneda rentable.
BSV no parece una moneda especulativa, ni intradía. Sigue las variaciones del mercado, con subidas y bajadas locas (como todas), pero apunta más a un largo plazo. Cinco, diez años.
Más info: https://bitcoinsv.com/
submitted by bbvedf to u/bbvedf [link] [comments]

Bitcoin Obituaries Lists Another Crypto Eulogy, 2020 BTC Deaths in the Single Digits

The infamous “Bitcoin Obituaries” has seen another addition to the long list of deaths since bitcoin’s oldest death on December 15, 2010. According to the list of articles with 382 deaths to-date, bitcoin was declared dead again on September 4, 2020.
Ever since Satoshi Nakamoto released the decentralized network, a number of people have doubted bitcoin and over the years some individuals have deemed the project “dead.”
Famous people, journalists, economists, luminaries, and many more have written long-winded essays on why the cryptocurrency is sure to fail. The website 99 Bitcoins maintains a list of “Bitcoin Obituaries” collected over the years and so far there’s been 382 deaths in total.
This past weekend the crypto economy slid in value considerably, as a number of digital currencies lost between 15-35% during the last seven days. Out of the top ten coins in terms of market capitalization, binance coin (BNB) staved off the market rout by only losing 12% and bitcoin (BTC) lost a touch over 16%.
The rest of the top ten crypto assets lost a much larger percentage, as coins like ETH and DOT lost close to 30%. Despite this, another bitcoin obituary was listed on September 4, when BTC dropped to $10,500 per coin.
The death stems from the web portal Newsbtc and it was written by Uri Shalev who titled the article: “Bitcoin is Worthless in Long-term.” Shalev says that even Warren Buffet won’t go near the crypto asset and BTC must be a bubble.
“In contrast, bitcoin or other digital currencies are very likely worthless in the long term, and those are the kind of assets that investing legend Warren Buffet won’t touch,” Shalev writes. “It’s these latter kinds of assets that have a greater chance to be in bubble territory because they don’t generate cash flow to support their valuations.”
submitted by Eugenebtc to Bitcoin [link] [comments]

What is MCashchain? - Introduce about Mcashchain

What is MCashchain?

Mcashchain’s vision is to gather information and store all of them in a decentralized ledger, so as to change payment processes and financial procedures towards being cheaper, more convenient and more room for automation.
Mcashchain focuses on security, lightning-speed, efficient and of highest as well as latest technology transactions; so as to create an all-in-one platform within Midas Protocol ecosystem and global finance.

Platform structure

Throughout 11 years of development, Blockchain has evolved and been upgraded step by step, generation by generation.
Blockchain 1.0: Allows storing, exchanging properties safely and securely. Bitcoin is the pioneer.
Blockchain 2.0: The term “smart contract” was coined. ETH is the pioneer.
Blockchain 3.0: Using the strengths of the previous 2 generations, aiming to employ one specific purpose in digital products, the familiar term “Dapp” was coined.
Mcash Chain: Owns all of the strong points that were developed in each generation, optimizes the algorithms and adds the technologies to guarantee a definite ability of applying to reality; especially with blockchain’s most powerful application: DeFi.
McashChain successfully employed Mainnet, launched Mcashchain even before its introduction to the community and possessed its own coin - MCASH. Obviously, Mcashchain removed the “exists only on paper” part found in most ICO in the market.

Information:

Block closing time: 3s
Can process upto 100.000 tx

Technologies:

dApps
Smart Contract
Anonymous-on-Demand
Smart staking
Others:
POS - DAV Consensus Mechanism.
Comparing MCASH
Exchange fees close to 0.
Smart-fee technology results in cheaper transactions, yet improvised to prevent spam transactions that are dangerous to Blockchain.
Smart staking
Proof-of-Stake (PoH) Consensus Mechanism ranks the chains based on “the amount of MCASH held” and “the number of transactions processed”. Consequently, staking profits (coin digging) are attractive and fair for the stakeholders. Stakeholders - those who possess a large number of coins and Dapps developers are the 2 groups that have brought MCASH success.
Anonymous coin exchange technology - Zero M
Zero M technology allows users to anonymously exchange coins, without showing the detailed amount and information of the senders and the receivers. Yet, that does not mean Mcashchain is an anonymous blockchain, as Zero M technology allows users to switch between anonymous and normal modes whenever they want.
Smartcontract
Smart Contract technology has become a vital function in automating transactions in currently popular Blockchains such as ETH, EOS, TRON, Stellar,…
MCASH of course is no exception, Mcashchain Smart Contract brings safe, automated and optimized exchange options.
The ability to create Token
Token economy is the factor that makes ETH successful, with over 98% crypto available in the market using Dapps - decentralized applicationsứng. Mcashchain Smart Contract allows to create tokens and rewards mechanisms, in cases the token chains have several transactions.
Mcashbank – Ecosystem and DEFI
Blockchain has developed from Satoshi Nakamoto’s vision to a secured properties storing and exchanging platform not under any control. It has also entered a new phase and become the platforms that are very useful in various financial fields worldwide. Hence, the needs to create an ecosystem of applications revolving one blockchain are heightened, so as to prove the feasibility of that blockchain.
Decentralized exchange platform
All currently powerful and popular blockchain platforms possess their own DEX, such as Etherdelta and IDEX of ETH, Binance DEX, Switcheo of NEO, - just amongst others. Decentralized platforms could prove the ability of blockchain. Mcashchain also develops its own platform Unidex, as a platform supports exchanging digital properties easily.

MCASH DEFI PLATFORM

Mcashchain’s vision is to develop decentralised finance products in the future. The solution is a Mcash blockchain platform and a set of tools to build DeFi products right on Mcashchain. A complete DeFi ecosystem: Lending, saving, payment applications, automated accounting system, etc.
submitted by MedicalAlbatross to u/MedicalAlbatross [link] [comments]

08-17 08:25 - 'Is Bitcoin a virtual currency?' (self.Bitcoin) by /u/Beneficial-Guitar-77 removed from /r/Bitcoin within 6-16min

'''
I believe that you are relatively familiar with the currency, so today I will give you a chat, bitcoin is not a virtual currency?
First of all, know about it. Bitcoin is a kind of digital currency in the form of P2P, which was first proposed by Satoshi Nakamoto.
Point-to-point transmission means a decentralized payment system.
, unlike most of the currency, the currency monetary authorities don't depend on the specific issue, it is according to the specific algorithm, through a lot of calculation, the currency economic use of the P2P network composed of many nodes in a distributed database to identify and record all transactions, and the use of cryptography security currency to ensure that each link of the design.
The second is how to buy and invest bitcoin safely.
In fact, there are a lot of cheaters, there are also a lot of pits, so still need to see other people's posts, more accumulation of experience, to participate in the discussion.
You will make fewer mistakes, because the previous generation did not make fewer mistakes.
IXX Exchange is a reliable APP that is the world's first digital asset trading community. It supports Bitcoin, Cardano, OMG, Bitcoin Cash, Ethereum, Binance Coin and hundreds of other cryptocurrencies to meet the needs of all users.
Advantages are probably rapid purchase, contract trading, safe clearing, trading efficiency, first-class service;
More practical and comfortable.
Safe buy is more important, also have a lot of forum can have relevant content, hope to be able to give everybody reference.
Because of the innovation and scarcity of Bitcoin, many people are willing to invest a lot of money to dig mines or buy bitcoin directly.
'''
Is Bitcoin a virtual currency?
Go1dfish undelete link
unreddit undelete link
Author: Beneficial-Guitar-77
submitted by removalbot to removalbot [link] [comments]

The attempted come back of CoinEx, China's forked-Bitcoin exchange

The attempted come back of CoinEx, China's forked-Bitcoin exchange
Written by Shuyao Kong
Published by decrypt.co
An interview with Haipo Yang, a crypto OG who’s trying to reposition his Bitcoin Cash-based CoinEx exchange. And more, in this week’s da bing.
https://preview.redd.it/h5f3i3lldv051.jpg?width=3200&format=pjpg&auto=webp&s=09b8696303ae5c6170753cc438929ebe520d4605
Haipo Yang, founder of ViaBTC, one of the largest mining pools in the world, and CoinEx, a crypto exchange known for its focus on Bitcoin Cash-based trading, is a well-known but relatively quiet character in China’s crypto circle. Typically, Yang doesn’t talk that much about his journey launching the mining pool, nor about CoinEx, which launched in December 2017.
And he almost never speaks about his fervent support for BCH, a hard fork of Bitcoin, and his now even more enthusiastic belief in BSV.
Yet that’s changing of late. Yang has been more active in recent months, participating in interviews about CoinEx and tweeting more frequently on Weibo, China’s Twitter. He’s been making controversial statements predicting the death of BTC, while supporting BCH and BSV on social media.
Recently, Yang told me that as a developer rather than a business person, he’s never been comfortable speaking in public. However he’s making an effort now to help publicize his renovation of CoinEx. So, for this week’s da bing, I decided to chat with him and get a peek into the mind of a veteran crypto entrepreneur who’s trying to make a personal, as well as a platform, comeback.

CoinEx’s golden opportunity

The first hard fork of Bitcoin occurred in August, 2017 and created a new cryptocurrency called Bitcoin Cash. The fork was prompted by partisans, including Yang, who wanted bigger block sizes on the blockchain — the basic idea was that bigger blocks would enable more transactions per second and make Bitcoin Cash something people would actually use to buy things, rather than Bitcoin’s more commonly perceived use as a store of value.
Yang added a tremendous amount of value to the mining scene in China. As a technical founder with has years of experience in big tech firms such as Tencent, Yang is proud of his #buidl skills. He developed most of the code in the early days of VicBTC, which became one of the biggest mining pools to this day.
Not satisfied with owning just a mining pool,Yang conceived of CoinEx, which was born in December of that year, specifically to carry on the mission of the newly forked Bitcoin Cash blockchain. As he got swept up in Bitcoin Cash enthusiasm, he even said that “BCH is bitcoin.”
CoinEx’s strategy was BCH-focused from day one; BCH was its base currency, meaning you could use it to buy and sell other currencies, such as Ethereum and Litecoin.
Interestingly, Jihan Wu, the co-founder of Bitcoin Exchange — himself a famous BCH supporter — was a big investor in the exchange. That made me wonder why he, Yang, and many other OG crypto miners, were so passionate about BCH. Was it just about bigger block sizes?
“Bigger block size means more users and use cases,” Yang explained. The move to bigger block sizes was attractive to miners because they would facilitate more transactions. Miners make money on transaction fees, as well as mining blocks. Likewise, the network would arguably be more useful to people, who were looking for digital cash for every day use.
That especially resonated with many early hardcore Bitcoiners. Said Yang: “We really believe that Bitcoin should be a P2P cash vehicle rather than a store of value.”
This view probably sounds outdated to people who believe that Bitcoin’s value as cash is long gone, with solutions such as Lightning Network fulfilling that role. Instead, the new narrative for Bitcoin resides in its value, rather than utility. Yet Yang believed that the forked network would create far more opportunity
“We could invite influential companies to establish nodes and contribute to the network. This cannot be done with the original Bitcoin architecture,” he said.

CoinEx pivots

But from its inception, CoinEx struggled with adoption and was dwarfed by the bigger exchanges. Part of that had to do with the fact that BCH and “Bitcoin Satoshi’s Vision,” another Bitcoin hard fork, were both controversial. Critics pointed out that these networks are centralized in a few big mining pools, and 51% attacks are not out of the question.
So over time, though Yang’s exchange still maintains strong support for BCH and BSV, it began to add support for all the major currencies.
Finally, in January of this year, it announced a major upgrade, of… well, just about everything. It started to offer futures trading, leveraged trading, options trading, and over 100 token projects available to traders. It even rolled out its own blockchain, “CoinEx Chain” to support a new DEX, “CoinEx DEX.”
https://preview.redd.it/3okoy5mudv051.png?width=1432&format=png&auto=webp&s=7099249da4a95db873d268f2dfc95d8db93a368e
The seemingly sudden publicity of CoinEx should not come as a surprise, then. As BCH/BSV was being marginalized, Yang shifted his focus. He’s now trying to ride the wave of building a bigger, more dynamic exchange.
“Crypto exchanges are where value is discovered,” Yang told me.

CoinEx: TNG

Building an exchange isn’t done overnight, nor is re-building one. CoinEx is still competing with the giants such as Binance.
However Yang thinks his exchange will thrive by zigging when his competitors zag. As usual, CoinEx is taking a slightly different route, he told me.
Like what? “We will be listing 小币种,” he said, using the expression for “small token projects.” I cannot help but wonder if these “small token projects” are simply shitcoins, the trading of which is certainly not new.
Indeed, Yang said that he’s banking on the success of his new, public blockchain. “We are building a CoinEx Chain, a layer one protocol for DEX alone. Using our public blockchain, anyone can issue any token, at any time,” he said. He described the blockchain as “a real decentralized, token-issuance and transaction platform.”
This is the core of Yang’s plan and vision. He believes that centralized exchanges will be a bottleneck for crypto adoption because it contradicts crypto’s nature as a completely free and open infrastructure. Essentially anyone should be able to launch a token and trade it with anyone. Only by building DEXes can we achieve full decentralization, he says.

The Religious nature of Bitcoin, and forked Bitcoin

It’s his belief that Bitcoin should adhere to Satoshi’s original vision that led Yang to send yet another controversial tweet last week, which I will translate: “The early days of Bitcoin expansion are similar to religion. The religious fervor brings prosperity to the industry.”
By extension, Yang believes that the next generation of Bitcoin should provoke a similar “religious” fervor. That’s why he has slowly become more of a BSV advocate than a fan of Bitcoin Cash. Yang believes that “BSV has more religious connotations, despite its negative image.” (As most crypto people know, the controversial Craig Wright, who claims to be Satoshi Nakamoto, led the hard fork which created BSV. Consequently it is often met with skepticism and derision.)
“The early days of Bitcoin expansion are similar to religion,” said Yang. “The religious fervor brings prosperity to the industry.”
Crypto is famous for its tribalism. Many people choose one camp over another not for practical reasons but because of simple faith. Talking to Yang and reading his tweet brings a historic texture to the Bitcoin narrative. But crypto cannot survive on religion alone. One has to build. Hash might have been worshipped in the old days but now the crypto religion is all about the size of the congregation.
Original article
Click here to register on CoinEx!
submitted by CoinExcom to btc [link] [comments]

Round up of Cryptocurrency News #3 Week 20/07 - 26/07

Pssst! Hey you. Scroll down for commentary!
Important/Notable/Highlights:
Special Mentions:
You haven't had enough news? Here is some more:
Speculation:
You made it! :)
First up, SORRY! This has been a late post, I have my reasons don't question them (if you must know I'll be posting in the discord - one time only haha). Secondly, I am sure you can agree with me when I say "Wow!" What an incredible week it has been. Last week I thought it was going to take a couple more weeks for more moving price action when it had only taken a few days which has seen Bitcoin reach and pass the $10,000 region. We have also seen the total Market cap for cryptocurrencies increase from about 280B to over 300B (308B at time of writing) within just a few days. A huge injection of liquidity, about 40B, into the market and just to name a few of the best rises in the top 20 (on Coinmarketcap.com), the price of ETH BTC ADA have given good performances/positive responses (With this I will start adding screenshots at the end of each week for timestamp purposes).
This may be a combination from Binance, Mastercard, Paypal, Grayscale investments, VISA AND the DEFI sector. Let me explain... Last week we read about Binance integrating with the company Swipe (SXP) to issue there own debit card expanding the use and reach of cryptocurrency to 31 countries within Europe. Binance's Q2 scheduled token burn of $60.5 Million, this figure correlates with its exchange, margin and futures trading platforms where approximately 20% of profits get burned to increase the price of BNB token (careful as the price has been steady after the burn).
This week we find out Mastercard's expansion into the Cryptosphere as they expand and integrate with the Wirex team to issue a Mastercard-backed Bitcoin debit card, thus further extending the reach of cryptocurrency availability internationally.
"The cryptocurrency market continues to mature and Mastercard is driving it forward, creating safe and secure experiences for consumers and businesses in today’s digital economy " "...Our work with Wirex and the wider crypto ecosystem is accelerating innovation and empowering consumers with more choice in the way they pay"
Mastercard is also reaching out to other emerging cryptocurrency firms to apply to become principal members [Partners] with Mastercard as they have relaxed their digital assets program and look to expand into the Digital Assets and Blockchain environment.
Paypals expression of interest in cryptocurrency facilitiation may bear fruits as it is said Paypal has partnered up with stablecoin operator Paxos (who is already in partnership with Revolut in the US) to facilitate trading through a cryptocurrency brokerage which will enable other firms to integrate cryptocurrency trading functionalities with them. In my opinion this looks much more promising than the Libra association they pulled out from last October as regulations.
Grayscale Investments clears regulatory hurdle as they have been given the green light for its Bitcoin Cash Trust (BCHG) and Litecoin Trust (LTCN) to be quoted in over-the-counter (OTC) markets by US Financial Industry Regulatory Authority (FINRA).
“The Trusts are open-ended trusts sponsored by Grayscale and are intended to enable exposure to the price movement of the Trusts’ underlying assets through a traditional investment vehicle, avoiding the challenges of buying, storing, and safekeeping digital Bitcoin Cash or Litecoin directly.”
More green lights for Cryptocurrency in the US as regulators allow banks to provide cryptocurrency custody services (which may go further than just custody services). A little bit strange as it seems unnecessary and undermines one of the key factors and uses of cryptocurrency which is to be in complete control of your own finances... On another outlook this may be bullish as it allows US banks to provide banking services directly to lawful cryptocurrency businesses and show support for Bitcoin.
Visa shows support stating they have a roadmap for their further expansion into the Crypto sphere. Already working with Crypto platform Coinbase and Fold they have stated they recognise the role of digital assets in the future of money. To be frank, it appears to be focused on stable coins, cost effectiveness and transaction speeds. However they are expanding their support for crypto assets.
AND MOST IMPORTANTLY, DeFI! Our very own growing section in crypto. Just like the 2017 ICO boom we are seeing exorbitant growth and FOMO into the Decentralised Finance sector (WBTC, Stablecoins, Yield farming, DEXs etc). The amount of active addresses on Ethereum has doubled but with the FOMO on their network have sky rocketed their fees! Large use-cases of stable coins such as USDT ($6B in circulation using ERC-20 standard), DAI, TUSD, and PAX. $114M Wrapped Bitcoin (WBTC) on their network acts as a fluid side chain for Bitcoin and DEX trade volume has touched $1.6B this month. With all this action happening on Ethereum I saw the 24HR volume surpass BTC briefly on Worldcoinindex.com
In other news, Bitcoin has been set as a new precedent in a US federal court in a case against Larry Dean Harmon, the operator of an underground trading platform Helix. Bitcoin has now legally been ruled as a form of money.
“After examination of the relevant statutes, case law, and other sources, the Court concludes that bitcoin is money under the MTA and that Helix, as described in the indictment, was an `unlicensed money transmitting business´ under applicable federal law.”
Quick news in China/Asia as floods threaten miners and the most dominant ASIC Bitcoin mining rig manufacturer Bitmain loses 10,000 Antminers worth millions alledgedly goes missing or "illegally transfered" with ongoing leadership dispute between cofounders.
Last but not least, Cardano (ADA) upgrade Shelley is ready to launch! Hardfork is initiated as final countdown clock is switched on. At time of writing the point of no return has been reached, stress tests done and confirmation Hardfork is coming 29/07 The Shelley Mainnet upgrade is a step toward fast, capable and decentralised crypto that can serve billions of people. With the Shelley Mainnet is ADA staking rewards and pools! Here is a chance for us Gravychainers to set up a small pool of our own. Small percentage of profits going into the development of the community, and you keep the rest!
If you read all of my ramblings thanks heaps! I appreciate it! I have added an extra piece of reading called speculation. Most you can speculate on by just reading the headline some others have more depth to them.
Another post next week for a weekly round up! Where do you think the market is going? What is in your portfolio? Let us know in the Gravychain Discord Channel
See you soon!
🍕 Bring some virtual pizza to share 🍕
Come have a chat, stimulate a discussion, ask a question or share some knowledge. We are all friendly crypto enthusiasts up for a chat, supportive and want to help each other with knowledge and investments!
Big thanks to our Telegram and My Crypto HQ for the constant news updates!
P.S.
Dr Seuss collectables on the blockchain HECK YEAH! and Bitcoin enters NASCAR, remember when Doge did this? it was like when Doge was trending on TikTok.
... Oh yeah did I also mention Steve Wozniak is suing Youtube, Google over rampant Bitcoin scams. Wait, what? Sydney based law firm JPB Liberty is suing Google, Facebook and Twitter for up to $300B. Just another day in the Cryptosphere.
submitted by IOTAbesomewhere to Gravychain [link] [comments]

Top 25 Questions and answer About Cryptocurrency

Top 25 Questions and answer About Cryptocurrency
https://preview.redd.it/dju4oz1g16c51.jpg?width=2400&format=pjpg&auto=webp&s=fe57edcd81ffa31bff95fe3026055020f7720dce
Cryptocurrencies have now become a buzz word. Despite the resilience that it faced initially, cryptocurrencies have come a long way. There are a total of around 5000 cryptocurrencies circulating in the market. If you plan to make a career in this domain, you need to run through the following questions.
1. What is a cryptocurrency?
Cryptocurrency is a digital currency that is transacted on a distributed ledger platform or decentralized platform or Blockchain. Any third party does not govern it, and the transaction takes place between peer-to-peer.
2. When was the first Cryptocurrency introduced?
The first Cryptocurrency or Bitcoin was introduced in the year 2009.
3. Who created Cryptocurrency?
Satoshi Nakamoto gave the first Cryptocurrency. The white paper for the same was given in 2008 and a computer program in 2009.
4. What are the top three cryptocurrencies?
The following are the three cryptocurrencies:
• Bitcoin (BTC) $128bn.
• Ethereum (ETH) $19.4bn.
• XRP (XRP) $8.22bn.
5. Where can you store Cryptocurrency?
Cryptocurrencies are stored in a digital wallet, and this is accessible via public and private keys. A public key is the address of your wallet, and the private key is the one that helps you in executing the transaction.
6. Which is the safest wallet for Cryptocurrency?
The most secured wallet for Cryptocurrency is a hardware wallet. It is not connected to the internet, and thus it is free from a hacking attack. It is also known as a cold wallet.
7. From where I can purchase cryptocurrencies?
The easiest way to buy Cryptocurrency is via crypto exchange. You can several crypto exchanges like Coinbase, Bitbuy, CHANGENow, Kraken etc.
8. What are the ten popular crypto exchanges?
The following are the best ten popular crypto exchange:
  1. Coinbase
  2. Binance
  3. FTX
  4. Cex.io
  5. Local Bitcoins
  6. Bitfinex
  7. LocalBitcoins
  8. Bittrex
  9. Coinmama
  10. Kraken
9. What are the key features of Blockchain?
We all know that Bitcoin or any other cryptocurrency runs on the Blockchain platform, which gives it some additional features like decentralization, transparency, faster speed, immutability and anonymity.
10. What is AltCoin?
It means Alternative Coin. All the cryptocurrencies other than Bitcoin are alternative coins. Similar to Bitcoin, AltCoins are not regulated by any bank. The market governs them.
11. Are cryptocurrency sites regulated?
Most cryptocurrency websites are not regulated.
12. How are Cryptocurrency and Blockchain related?
Blockchain platform aids cryptocurrency transactions, which makes use of authentication and encryption techniques. Cryptography enables technology for Cryptocurrency, thus ensuring secure transactions.
13. What is a nonce?
The mining process works on the pattern of validating transactions by solving a mathematical puzzle called proof-of-work. The latter determine a number or nonce along with a cryptographic hash algorithm to produce a hash value lower than a predefined target. The nonce is a random value used to vary the value of hash so that the final hash value meets the hash conditions.
14. How is Cryptocurrency different from other forms of payment?
Cryptocurrency runs on Blockchain technology, which gives it an advantage of immutability, cryptography, and decentralization. All the payments are recorded on the DLT, which is accessible from any part of the world. Moreover, it keeps the identity of the user anonymous.
15. Which is the best Cryptocurrency?
Several cryptocurrencies have surged into the market, and you can choose any of these. The best way to choose the right cryptocurrencies is to look at its market value and assess its performance. Some of the prominent choices are Bitcoin, Ethereum, Litecoin, XRP etc.
16. What is the worst thing that can happen while using Cryptocurrency?
One of the worst things could be you losing your private keys. These are the passwords that secure your wallet, and once they are lost, you cannot recover them.
17. What is the private key and public key?
Keys secure your cryptocurrency wallet; these are public key and private key. The public key is known to all, like your bank account number, on the hand, the private key is the password which protects your wallet and is only known to you.
18. How much should one invest in Cryptocurrency?
Well, investing in Cryptocurrency is a matter of choice. You can study how the market is performing, and based on the best performing cryptocurrency, you can choose to invest. If you are new to this, then it’s advisable that you must start small.
19. From where can one buy Bitcoin using Fiat currency?
Two of the popular choices that you have are Coinbase and Binance, where you can purchase Cryptocurrency using fiat currency.
20. Are the coins safe on exchanges?
All the exchanges have a high level of security. Besides, these are regularly updated to meet the security requirements, but it’s not advisable to leave your coins on them since they are prone to attack. Instead, you can choose a hard wallet to store your cryptocurrencies, which are considered the safest.
21. What determines the price of cryptocurrencies?
The price of cryptocurrencies is determined by the demand and supply in the market. Besides, how the market is performing also determines the price of cryptocurrencies.
22. What are some of the prominent cryptocurrencies terminologies?
There are jargons which are continuously used by people using cryptocurrencies are:
DYOR: Do Your Own Research
Dapps: Decentralized Applications
Spike: Shapr increase in the price of the Cryptocurrency
Pump: Manipulated increase in the price of a cryptocurrency
Dump: Shapr decline in the price of Cryptocurrency
23. How can I check the value of cryptocurrencies?
Various platforms will give you an update on the price of cryptocurrencies. You can keep a tab on them and check the pricing of cryptocurrencies.
24. What are the advantages of using digital currencies?
There are various advantages like you are saved from double-spending, the transactions are aster and secure. Moreover, digital currencies now have global acceptance.
25. What is the difference between cryptocurrencies and fiat currencies?
Cryptocurrencies are digital currencies which run on the Blockchain platform and are not governed by any government agencies, while the fiat currencies are the ones which are governed by authorities and government.
Conclusion- This was all the FAQs pertaining to cryptocurrency, for more such information keep coming back to Blockchain Council.
submitted by Blockchain_org to BlockchainStartups [link] [comments]

Spreading Crypto: In Search of the Killer Application

Spreading Crypto: In Search of the Killer Application
This is the second post of our Spreading Crypto series where we take a deep dive into what it’ll take to help this technology reach broader adoption.
Mick exploring the state of apps in crypto
Our previous post explored the history of protocols and how they only become widely adopted when a compelling application makes them more accessible and easier to use.
Crypto will be no different. Blockchain technology today is mostly all low-level protocols. As with the numerous protocols that came before, these new, decentralized protocols need killer applications.
So, how’s that going? Where is crypto’s killer application? What’s the state of application development within our industry? Today we’ll try to answer those questions. We’ll also take a close look at decentralized applications — as that’s where a lot of the developer energy and focus currently is. Let’s dive in.

Popular Crypto Applications

The most popular crypto applications today are exchanges like Coinbase and Binance — each with tens of millions of users. Other popular crypto exchanges include Kraken, Bitstamp, Gemini, and Bitfinex. In recent years, new derivatives platforms have emerged like FTX and Deribit.
The most popular crypto applications today are primarily focused on trading, speculation, and finance. This class of applications dwarfs all other types of applications in terms of users and growth. That’s either a sign of strong product/market fit, or we just haven’t yet discovered other good use-cases. Or a mix of both.
https://preview.redd.it/8rnxghfrdh551.png?width=1600&format=png&auto=webp&s=b3df8c3d87410f6b84432df79528ee4324daf04d
Beyond the fact that the most popular crypto applications are all used for speculation, another common thread is that they are all centralized.
A centralized application means that ultimate power and control rests with a centralized party (the company who built it). For example, if Coinbase or Binance wants to block you from withdrawing your funds for whatever reason (maybe for suspicious activity or fraud), they can do that. They have control of their servers so they have control of your funds.
Most popular applications that we all use daily are centralized (Netflix, Facebook, Youtube, etc). That’s the standard for modern, world-class applications today.

Decentralized Applications

Even though the most popular crypto applications are all centralized, most of the developer energy and focus in our industry is with decentralized applications (dApps) and non-custodial products.
These are products where only the user can touch or move funds. Not even the company or developer who built the application can access or control or stop funds from being moved. Only the user has control.
These applications allow users to truly become their own bank and have absolute control of their money.
They also allow users to perform blockchain transactions and interact directly with decentralized protocols. Some of the most popular non-custodial products include Ledger, MetaMask, and MyCrypto (#ProudInvestor).
While the benefits of this type of application are obvious (user has full control of their funds), it comes with a lot of tradeoffs. We will cover that later in this post.
https://preview.redd.it/rs6tj7vsdh551.png?width=1600&format=png&auto=webp&s=86fe5bca3a9466abab5e78c9873ce3b57609f2d2

Libertarianism + Crypto

If the most popular applications tend to be centralized (inside and out of crypto), why is so much of our community focused on building decentralized applications (dApps)? For the casual observer, that’s a reasonable, valid question.
“Not your keys, not your coins.”
This meme is endlessly repeated among longtime crypto hodlers. If you’re not in complete control of your crypto (i.e. using non-custodial wallets or dApps), then it’s not really your crypto.
Engrained in the early culture of Bitcoin has always been a strong distrust for centralized authority and power — including the too-big-to-fail government-backed financial system. In the midst of the Financial Crisis, Satoshi Nakamoto included this headline in Bitcoin’s genesis block: “Chancellor on brink of second bailout for banks.” There has always been a close connection between libertarianism & cryptocurrency.
So it’s no surprise that much of the crypto developer community is spending their time building applications that are non-custodial or decentralized. It’s part of the DNA, the soul, the essence of our community.
https://preview.redd.it/fy33zhkvdh551.png?width=1600&format=png&auto=webp&s=386c741f13e9119ecfcfffe1c781d09ce58704ed

Personal Experience

When I was at Mainframe, we built Mainframe OS — a platform that developers use to build and launch decentralized applications (dApps). I’m deeply familiar with what’s possible and what’s not in the world of dApps. I have the battle scars and gray hair to prove it. We’ve hosted panels around the various challenges. We’ve even produced videos poking fun at how complicated it is for end-users to interact with.
After having spent three years in the trenches of this non-custodial world, I no longer believe that decentralized applications are capable of bringing crypto to the masses.
While I totally understand and appreciate the ethos of self-sovereignty, independence, and liberty… I think it’s a terrible mistake that as a community we are spending most of our time in this area of application development. Decentralized applications will not take crypto to the masses.
Mainframe OS

Overwhelming Friction

The user friction that comes with decentralized applications is just too overwhelming. Let’s go through a few of the bigger points:
  1. Knowledge & Education: Most non-custodial products do not abstract away any of the blockchain complexity. In fact, they often expose more of it because the most loyal users are crypto nerds. Imagine how a normie n00b feels when she starts seeing words like seed phrases, public & private keys, gas limits, transaction fees, blockchain explorers, hex addresses, and confirmation times. There is a lot for a user to learn and become educated on. That’s friction. The learning curve on this is just too damn high.
  2. User Experience: It is currently impossible to create a smooth and performant user experience in non-custodial wallets or decentralized applications. Any interaction that requires a blockchain transaction will feel sluggish and slow. We built a messaging app on Ethereum and presented it at DevCon3 in Cancun. The technical constraints of blockchain technology were crushing to the user experience. We simply couldn’t create the real-time, modern messaging experience that users have come to expect from similar apps like Slack or WhatsApp. Until blockchains are closer in speed to web servers (which will be difficult given their decentralized nature), dApps will never be able to create the smooth user experience that the masses expect.
  3. Loss of Funds Risk: There is no “Forgot Password” functionality when storing your own crypto in a non-custodial wallet. There is no customer support agent you can ping. There is no company behind it that can make you whole if you make a mistake and lose your money. You are on your own. One wrong move and your money is all gone. If you lose your private key, there is no way to recover your funds. This just isn’t the type of customer support experience people want or are used to.
Onyx Messaging App

What Our Industry Has Wrong

Decentralized applications will always have a place in the market — especially among the most hardcore crypto people and parts of the world where these tools are essential. I’m personally an active user of many non-custodial products. I’m a blockchain early-adopter, I like to hold my own money, and I’m very forgiving of suboptimal UX.
However, I’m not afraid to say the poop stinks. Decentralized applications simply cannot produce the type of product experience that mainstream consumers expect.
If the goal is growth and adoption, as a community I believe we’re barking up the wrong tree. We are trying to make fetch happen. It isn’t gonna happen. Our Netscape Moment is unlikely to arrive as long as we’re focused on decentralized applications.
\"Mean Girls\" movie
There’s a reason why the most popular consumer applications are centralized (Spotify, Amazon, Instagram, etc). There’s a reason why the most popular crypto applications are centralized (Coinbase, Binance, etc).
The frameworks, tooling, infrastructure, and services to support these modern, centralized applications are mature and well-established. It’s easier to build apps that are fast & performant. It’s easier to launch apps that are convenient and on all form-factors (especially mobile). It’s easier to distribute and promote via all the major app store channels (iOS/Android). It’s easier to patch, update, and upgrade. It’s easier to experiment and iterate.
It’s easier to design, build, and launch a world-class application when it is centralized! It is why we’ve chosen this path for Genesis Block.
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Have you already downloaded the app? We're Genesis Block, a new digital bank that's powered by crypto & decentralized protocols. The app is live in the App Store (iOS & Android). Get the link to download at https://genesisblock.com/download
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What Is Proof of Work (PoW)?

What Is Proof of Work (PoW)?
Contents
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Introduction
Proof of Work (commonly abbreviated to PoW) is a mechanism for preventing double-spends. Most major cryptocurrencies use this as their consensus algorithm. That’s just what we call a method for securing the cryptocurrency’s ledger.
Proof of Work was the first consensus algorithm to surface, and, to date, remains the dominant one. It was introduced by Satoshi Nakamoto in the 2008 Bitcoin white paper, but the technology itself was conceived long before then.
Adam Back’s HashCash is an early example of a Proof of Work algorithm in the pre-cryptocurrency days. By requiring senders to perform a small amount of computing before sending an email, receivers could mitigate spam. This computation would cost virtually nothing to a legitimate sender, but quickly add up for someone sending emails en masse.

What is a double-spend?

A double-spend occurs when the same funds are spent more than once. The term is used almost exclusively in the context of digital money — after all, you’d have a hard time spending the same physical cash twice. When you pay for a coffee today, you hand cash over to a cashier who probably locks it in a register. You can’t go to the coffee shop across the road and pay for another coffee with the same bill.
In digital cash schemes, there’s the possibility that you could. You’ve surely duplicated a computer file before — you just copy and paste it. You can email the same file to ten, twenty, fifty people.
Since digital money is just data, you need to prevent people from copying and spending the same units in different places. Otherwise, your currency will collapse in no time.
For a more in-depth look at double-spending, check out Double Spending Explained.

Why is Proof of Work necessary?

If you’ve read our guide to blockchain technology, you’ll know that users broadcast transactions to the network. Those transactions aren’t immediately considered valid, though. That only happens when they get added to the blockchain.
The blockchain is a big database that every user can see, so they can check if funds have been spent before. Picture it like this: you and three friends have a notepad. Anytime one of you wants to make a transfer of whatever units you’re using, you write it down — Alice pays Bob five units, Bob pays Carol two units, etc.
There’s another intricacy here — each time you make a transaction, you refer to the transaction where the funds came from. So, if Bob was paying Carol with two units, the entry would actually look like the following: Bob pays Carol two units from this earlier transaction with Alice.
Now, we have a way to track the units. If Bob tries to make another transaction using the same units he just sent to Carol, everyone will know immediately. The group won’t allow the transaction to be added to the notepad.
Now, this might work well in a small group. Everyone knows each other, so they’ll probably agree on which of the friends should add transactions to the notepad. What if we want a group of 10,000 participants? The notepad idea doesn’t scale well, because nobody wants to trust a stranger to manage it.
This is where Proof of Work comes in. It ensures that users aren’t spending money that they don’t have the right to spend. By using a combination of game theory and cryptography, a PoW algorithm enables anyone to update the blockchain according to the rules of the system.

How does PoW work?

Our notepad above is the blockchain. But we don’t add transactions one by one — instead, we lump them into blocks. We announce the transactions to the network, then users creating a block will include them in a candidate block. The transactions will only be considered valid once their candidate block becomes a confirmed block, meaning that it has been added to the blockchain.
Appending a block isn’t cheap, however. Proof of Work requires that a miner (the user creating the block) uses up some of their own resources for the privilege. That resource is computing power, which is used to hash the block’s data until a solution to a puzzle is found.
Hashing the block’s data means that you pass it through a hashing function to generate a block hash. The block hash works like a “fingerprint” — it’s an identity for your input data and is unique to each block.
It’s virtually impossible to reverse a block hash to get the input data. Knowing an input, however, it’s trivial for you to confirm that the hash is correct. You just have to submit the input through the function and check if the output is the same.
In Proof of Work, you must provide data whose hash matches certain conditions. But you don’t know how to get there. Your only option is to pass your data through a hash function and to check if it matches the conditions. If it doesn’t, you’ll have to change your data slightly to get a different hash. Changing even one character in your data will result in a totally different result, so there’s no way of predicting what an output might be.
As a result, if you want to create a block, you’re playing a guessing game. You typically take information on all of the transactions that you want to add and some other important data, then hash it all together. But since your dataset won’t change, you need to add a piece of information that is variable. Otherwise, you would always get the same hash as output. This variable data is what we call a nonce. It’s a number that you’ll change with every attempt, so you’re getting a different hash every time. And this is what we call mining.
Summing up, mining is the process of gathering blockchain data and hashing it along with a nonce until you find a particular hash. If you find a hash that satisfies the conditions set out by the protocol, you get the right to broadcast the new block to the network. At this point, the other participants of the network update their blockchains to include the new block.
For major cryptocurrencies today, the conditions are incredibly challenging to satisfy. The higher the hash rate on the network, the more difficult it is to find a valid hash. This is done to ensure that blocks aren’t found too quickly.
As you can imagine, trying to guess massive amounts of hashes can be costly on your computer. You’re wasting computational cycles and electricity. But the protocol will reward you with cryptocurrency if you find a valid hash.
Let’s recap what we know so far:
  • It’s expensive for you to mine.
  • You’re rewarded if you produce a valid block.
  • Knowing an input, a user can easily check its hash — non-mining users can verify that a block is valid without expending much computational power.
So far, so good. But what if you try to cheat? What’s to stop you from putting a bunch of fraudulent transactions into the block and producing a valid hash?
That’s where public-key cryptography comes in. We won’t go into depth in this article, but check out What is Public-Key Cryptography? for a comprehensive look at it. In short, we use some neat cryptographic tricks that allow any user to verify whether someone has a right to move the funds they’re attempting to spend.
When you create a transaction, you sign it. Anyone on the network can compare your signature with your public key, and check whether they match. They’ll also check if you can actually spend your funds and that the sum of your inputs is higher than the sum of your outputs (i.e., that you’re not spending more than you have).
Any block that includes an invalid transaction will be automatically rejected by the network. It’s expensive for you to even attempt to cheat. You’ll waste your own resources without any reward.
Therein lies the beauty of Proof of Work: it makes it expensive to cheat, but profitable to act honestly. Any rational miner will be seeking ROI, so they can be expected to behave in a way that guarantees revenue.

Proof of Work vs. Proof of Stake

There are many consensus algorithms, but one of the most highly-anticipated ones is Proof of Stake (PoS). The concept dates back to 2011, and has been implemented in some smaller protocols. But it has yet to see adoption in any of the big blockchains.
In Proof of Stake systems, miners are replaced with validators. There’s no mining involved and no race to guess hashes. Instead, users are randomly selected — if they’re picked, they must propose (or “forge”) a block. If the block is valid, they’ll receive a reward made up of the fees from the block’s transactions.
Not just any user can be selected, though — the protocol chooses them based on a number of factors. To be eligible, participants must lock up a stake, which is a predetermined amount of the blockchain’s native currency. The stake works like bail: just as defendants put up a large sum of money to disincentivize them from skipping trial, validators lock up a stake to disincentivize cheating. If they act dishonestly, their stake (or a portion of it) will be taken.
Proof of Stake does have some benefits over Proof of Work. The most notable one is the smaller carbon footprint — since there’s no need for high-powered mining farms in PoS, the electricity consumed is only a fraction of that consumed in PoW.
That said, it has nowhere near the track record of PoW. Although it could be perceived as wasteful, mining is the only consensus algorithm that’s proven itself at scale. In just over a decade, it has secured trillions of dollars worth of transactions. To say with certainty whether PoS can rival its security, staking needs to be properly tested in the wild.

Closing thoughts

Proof of Work was the original solution to the double-spend problem and has proven to be reliable and secure. Bitcoin proved that we don’t need centralized entities to prevent the same funds from being spent twice. With clever use of cryptography, hash functions, and game theory, participants in a decentralized environment can agree on the state of a financial database.
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