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[OWL WATCH] Waiting for "IOTA TIME" 20; Hans's re-defined directions for DLT

Disclaimer: This is my editing, so there could be some misunderstandings...
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wellwho오늘 오후 4:50
u/Ben Royce****how far is society2 from having something clickable powered by IOTA?
Ben Royce오늘 오후 4:51
demo of basic tech late sep/ early oct. MVP early 2021
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HusQy
Colored coins are the most misunderstood upcoming feature of the IOTA protocol. A lot of people see them just as a competitor to ERC-20 tokens on ETH and therefore a way of tokenizing things on IOTA, but they are much more important because they enable "consensus on data".
Bob
All this stuff already works on neblio but decentralized and scaling to 3500 tps
HusQy
Neblio has 8 mb blocks with 30 seconds blocktime. This is a throughput of 8 mb / 30 seconds = 267 kb per second. Transactions are 401+ bytes which means that throughput is 267 kb / 401 bytes = 665 TPS. IOTA is faster, feeless and will get even faster with the next update ...
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HusQy
Which DLT would be more secure? One that is collaboratively validated by the economic actors of the world (coporations, companies, foundations, states, people) or one that is validated by an anonymous group of wealthy crypto holders?
HusQy
The problem with current DLTs is that we use protection mechanisms like Proof of Work and Proof of Stake that are inherently hard to shard. The more shards you have, the more you have to distribute your hashing power and your stake and the less secure the system becomes.
HusQy
Real world identities (i.e. all the big economic actors) however could shard into as many shards as necessary without making the system less secure. Todays DLTs waste trust in the same way as PoW wastes energy.
HusQy
Is a secure money worth anything if you can't trust the economic actors that you would buy stuff from? If you buy a car from Volkswagen and they just beat you up and throw you out of the shop after you payed then a secure money won't be useful either :P
HusQy
**I believe that if you want to make DLT work and be successful then we need to ultimately incorporate things like trust in entities into the technology.**Examples likes wirecard show that trusting a single company is problematic but trusting the economy as a whole should be at ...
**... least as secure as todays DLTs.**And as soon as you add sharding it will be orders of magnitude more secure. DLT has failed to deliver because people have tried to build a system in vacuum that completely ignores things that already exist and that you can leverage on.
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HusQy
Blockchain is a bit like people sitting in a room, trying to communicate through BINGO sheets. While they talk, they write down some of the things that have been said and as soon as one screams BINGO! he hands around his sheet to inform everybody about what has been said.
HusQy
If you think that this is the most efficient form of communication for people sitting in the same room and the answer to scalability is to make bigger BINGO sheets or to allow people to solve the puzzle faster then you will most probably never understand what IOTA is working on.
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HusQy
**Blockchain does not work with too many equally weighted validators.****If 400 validators produce a validating statement (block) at the same time then only one can survive as part of a longest chain.**IOTA is all about collaborative validation.
**Another problem of blockchain is that every transaction gets sent twice through the network. Once from the nodes to the miners and a 2nd time from the miners as part of a block.**Blockchain will therefore always only be able to use 50% of the network throughput.
And****the last problem is that you can not arbitrarily decrease the time between blocks as it breaks down if the time between blocks gets smaller than the average network delay. The idle time between blocks is precious time that could be used for processing transactions.
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HusQy
I am not talking about a system with a fixed number of validators but one that is completely open and permissionless where any new company can just spin up a node and take part in the network.
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HusQy
Proof of Work and Proof of Stake are both centralizing sybil-protection mechanism. I don't think that Satoshi wanted 14 mining pools to run the network.
And "economic clustering" was always the "end game" of IOTA.
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HusQy
**Using Proof of Stake is not trustless. Proof of Stake means you trust the richest people and hope that they approve your transactions. The rich are getting richer (through your fees) and you are getting more and more dependant on them.**Is that your vision of the future?
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HusQy
Please read again exactly what I wrote. I have not spoken of introducing governance by large companies, nor have I said that IOTA should be permissioned. We aim for a network with millions or even billions of nodes.

HusQy
That can't work at all with a permissioned ledger - who should then drop off all these devices or authorize them to participate in the network? My key message was the following: Proof of Work and Proof of Stake will always be if you split them up via sharding ...

HusQy
... less secure because you simply need fewer coins or less hash power to have the majority of the votes in a shard. This is not the case with trust in society and the economy. When all companies in the world jointly secure a DLT ...

HusQy
... then these companies could install any number of servers in any number of shards without compromising security, because "trust" does not become less just because they operate several servers. First of all, that is a fact and nothing else.

HusQy
Proof of Work and Proof of Stake are contrary to the assumption of many not "trustless" but follow the maxim: "In the greed of miners we trust!" The basic assumption that the miners do not destroy the system that generates income for them is fundamental here for the ...

HusQy
... security of every DLT. I think a similar assumption would still be correct for the economy as a whole: The companies of the world (and not just the big ones) would not destroy the system with which their customers pay them. In this respect, a system would be ...

HusQy
... which is validated by society and the economy as a whole probably just as "safely" as a system which is validated by a few anonymous miners. Why a small elite of miners should be better validators than any human and ...

HusQy
... To be honest, companies in this world do not open up to me. As already written in my other thread, safe money does not bring you anything if you have to assume that Volkswagen will beat you up and throw you out of the store after you ...

HusQy
... paid for a car. The thoughts I discussed say nothing about the immediate future of IOTA (we use for Coordicide mana) but rather speak of a world where DLT has already become an integral part of our lives and we ...

HusQy
... a corresponding number of companies, non-profit organizations and people have used DLT and where such a system could be implemented. The point here is not to create a governance solution that in any way influences the development of technology ...

HusQy
... or have to give nodes their OK first, but about developing a system that enables people to freely choose the validators they trust. For example, you can also declare your grandma to be a validator when you install your node or your ...

HusQy
... local supermarket. Economic relationships in the real world usually form a close-knit network and it doesn't really matter who you follow as long as the majority is honest. I also don't understand your criticism of censorship, because something like that in IOTA ...

HusQy
... is almost impossible. Each transaction confirms two other transactions which is growing exponentially. If someone wanted to ignore a transaction, he would have to ignore an exponential number of other transactions after a very short time. In contrast to blockchain ...

HusQy
... validators in IOTA do not decide what is included in the ledger, but only decide which of several double spends should be confirmed. Honest transactions are confirmed simply by having other transactions reference them ...

HusQy
... and the "validators" are not even asked. As for the "dust problem", this is indeed something that is a bigger problem for IOTA than for other DLTs because we have no fees, but it is also not an unsolvable problem. Bitcoin initially has a ...

HusQy
Solved similar problem by declaring outputs with a minimum amount of 5430 satoshis as invalid ( github.com/Bitcoin/Bitcoi…). A similar solution where an address must contain a minimum amount is also conceivable for IOTA and we are discussing ...

HusQy
... several possibilities (including compressing dust using cryptographic methods). Contrary to your assumption, checking such a minimum amount is not slow but just as fast as checking a normal transaction. And mine ...

HusQy
... In my opinion this is no problem at all for IOTA's use case. The important thing is that you can send small amounts, but after IOTA is feeless it is also okay to expect the recipients to regularly send their payments on a ...

HusQy
... merge address. The wallets already do this automatically (sweeping) and for machines it is no problem to automate this process. So far this was not a problem because the TPS were limited but with the increased TPS throughput of ...

HusQy
... Chrysalis it becomes relevant and appropriate solutions are discussed and then implemented accordingly. I think that was the most important thing first and if you have further questions just write :)

HusQy
And to be very clear! I really appreciate you and your questions and don't see this as an attack at all! People who see such questions as inappropriate criticism should really ask whether they are still objective. I have little time at the moment because ...

HusQy
... my girlfriend is on tour and has to take care of our daughter, but as soon as she is back we can discuss these things in a video. I think that the concept of including the "real world" in the concepts of DLT is really exciting and ...

HusQy
... that would certainly be exciting to discuss in a joint video. But again, that's more of a vision than a specific plan for the immediate future. This would not work with blockchain anyway but IOTA would be compatible so why not think about such things.
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HusQy
All good my big one :P But actually not that much has changed. There has always been the concept of "economic clustering" which is basically based on similar ideas. We are just now able to implement things like this for the first time.
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HusQy
Exactly. It would mean that addresses "cost" something but I would rather pay a few cents than fees for each transaction. And you can "take" this minimum amount with you every time you change to a new address.

HusQy
All good my big one :P But actually not that much has changed. There has always been the concept of "economic clustering" which is basically based on similar ideas. We are just now able to implement things like this for the first time.
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Relax오늘 오전 1:17
Btw. Hans (sorry for interrupting this convo) but what make people say that IOTA is going the permissioned way because of your latest tweets? I don't get why some people are now forecasting that... Is it because of missing specs or do they just don't get the whole idea?

Hans Moog [IF]오늘 오전 1:20
its bullshit u/Relaxan identity based system would still be open and permissionless where everybody can choose the actors that they deem trustworthy themselves but thats anyway just sth that would be applicable with more adoption
[오전 1:20]
for now we use mana as a predecessor to an actual reputation system

Sissors오늘 오전 1:31
If everybody has to choose actors they deem trustworthy, is it still permissionless? Probably will become a bit a semantic discussion, but still

Hans Moog [IF]오늘 오전 1:34
Of course its permissionless you can follow your grandma if you want to :p

Sissors오늘 오전 1:36
Well sure you can, but you will need to follow something which has a majority of the voting power in the network. Nice that you follow your grandma, but if others dont, her opinion (or well her nodes opinion) is completely irrelevant

Hans Moog [IF]오늘 오전 1:37
You would ideally follow the people that are trustworthy rather than your local drug dealers yeah

Sissors오늘 오전 1:38
And tbh, sure if you do it like that is easy. If you just make the users responsible for only connection to trustworthy nodes

Hans Moog [IF]오늘 오전 1:38
And if your grandma follows her supermarket and some other people she deems trustworthy then thats fine as well
[오전 1:38]
+ you dont have just 1 actor that you follow

Sissors오늘 오전 1:38
No, you got a large list, since yo uwant to follow those which actually matter. So you jsut download a standard list from the internet

Hans Moog [IF]오늘 오전 1:39
You can do that
[오전 1:39]
Is bitcoin permissionless? Should we both try to become miners?
[오전 1:41]
I mean miners that actually matter and not find a block every 10 trillion years 📷
[오전 1:42]
If you would want to become a validator then you would need to build up trust among other people - but anybody can still run a node and issue transactions unlike in hashgraph where you are not able to run your own nodes(수정됨)
[오전 1:48]
Proof of Stake is also not trustless - it just has a builtin mechanism that downloads the trusted people from the blockchain itself (the richest dudes)

Sissors오늘 오전 1:52
I think most agree it would be perfect if every person had one vote. Which is pr oblematic to implement of course. But I really wonder if the solution is to just let users decide who to trust. At the very least I expect a quite centralized network

Hans Moog [IF]오늘 오전 1:53
of course even a trust based system would to a certain degree be centralized as not every person is equally trustworthy as for example a big cooperation
[오전 1:53]
but I think its gonna be less centralized than PoS or PoW
[오전 1:53]
but anyway its sth for "after coordicide"
[오전 1:54]
there are not enough trusted entities that are using DLT, yet to make such a system work reasonably well
[오전 1:54]
I think the reason why blockchain has not really started to look into these kind of concepts is because blockchain doesnt work with too many equally weighted validators
[오전 1:56]
I believe that DLT is only going to take over the world if it is actually "better" than existing systems and with better I mean cheaper, more secure and faster and PoS and PoW will have a very hard time to deliver that
[오전 1:56]
especially if you consider that its not only going to settle value transfers

Relax오늘 오전 1:57
I like this clear statements, it makes it really clear that DLT is still in its infancy

Hans Moog [IF]오늘 오전 1:57
currently bank transfers are order of magnitude cheaper than BTC or ETH transactions

Hans Moog [IF]오늘 오전 1:57
and we you think that people will adopt it just because its crypto then I think we are mistaken
[오전 1:57]
The tech needs to actually solve a problem
[오전 1:57]
and tbh. currently people use PayPal and other companies to settle their payments
[오전 1:58]
having a group of the top 500 companies run such a service together is already much better(수정됨)
[오전 1:58]
especially if its fast and feeless
[오전 2:02]
and the more people use it, the more decentralized it actually becomes
[오전 2:02]
because you have more trustworthy entities to choose of

Evaldas [IF]오늘 오전 2:08
"in the greed of miners we trust"


submitted by btlkhs to Iota [link] [comments]

Interview With Eddie Jiang: How CoinEx Is Adapting To The Exchange Space And Growing

Interview With Eddie Jiang: How CoinEx Is Adapting To The Exchange Space And Growing
Written by chaintalk.tv
https://preview.redd.it/v238540taz751.jpg?width=1280&format=pjpg&auto=webp&s=2a852e171a74e49da802d7c12fadba452cf4cf43
We recently had the opportunity to interview the VP of ViaBTC Group, Eddie Jiang. ViaBTC Group owns popular crypto exchange CoinEx and ViaBTC Pool. In this interview Eddie discusses being the first exchange to use BCH as the base currency, ViaBTC Pool and integrating with CoinEx, new features and ambassador program, and competing with other exchanges like Binance and Huobi. Please enjoy the interview below.
How come you decided to open up CoinEx to other cryptos other than just BCH?
Eddie Jiang: CoinEx is the world’s first exchange to implement Bitcoin Cash as a base currency. At that time, it was evident that there was a demand for BCH trading markets, and we are the first to explore this opportunity. It also shows our determination to support the BCH’s development.
As CoinEx is developing, our goal becomes bigger and we are aiming at the global market. We need to constantly improve our product diversification to meet the different needs of more users, so we open up to other cryptos. In the past six months, we have listed more than 50 new tokens. Up to now, we have listed 129 cryptos and 313 markets. Besides, in addition to spot trading, CoinEx also supports perpetual contract and other derivatives trading.
How does CoinEx integrate with the ViaBTC Pool?
Eddie Jiang: ViaBTC Group announced a strategic upgrade, which included a new organizational structure, product innovations and service improvements, on 30 May.
As part of the change, the Group has established three dedicated business units (BU): the financial services BU, consisting of ViaBTC mining pool and CoinEx exchange; the infrastructure services BU, including ViaWallet and Blockchain Explorer; and the ecological development BU, focusing on the research and development of public chain technology and the construction of the ecology.
After halving, the combination of mining and finance will become closer and closer. Investing in mining machines is like buying a Bitcoin option. Miners need more flexible financial products to maintain and increase the value of assets, or hedging services. Based on this judgment, the operations of ViaBTC mining pool and CoinEx exchange will be integrated in the future to realize the financial empowerment of the mining pool to meet the diverse financial needs of miners.
Features of this integrated product upgrade can be summarized as: “ The mining pool is the wallet, and the wallet is the transaction.” ViaBTC is the world first mining pool that has a wallet embedded in the mining pool account. Users do not need to transfer the mined coins, and can realize the function of coin exchange within the wallet. For example, they can directly convert the mined coins into USDT to pay electricity bill. What’s more, users can store, deposit and withdraw their revenue, and transfer assets to CoinEx at any time without charge, as well as complete other operations on the exchange, such as purchasing wealth management products for asset preservation and appreciation. In addition, we also provide hedging services. All of the above functions can be completed in one stop in the mining pool, without the need to transfer assets between different platforms.
The exchange empowers the mining pool, and the mining pool will further bring more traffic and resources to the exchange. The two complement each other and development coordinately.
CoinEx has recently added many new features. Can you talk about what new updates were made to the platform and why you made them?
Eddie Jiang: We have always attached great importance to the development of overseas markets since our establishment, and one of our major goals this year is to cover at least 10 different languages speaking markets.
To realize this and to meet the needs of more users worldwide, CoinEx has been continuously optimizing and upgrading its operating strategies, products and services. Our product diversifications are constantly improving. As I said before, we have launched leverage trading, perpetual contract trading, and wealth management products in addition to just spot trading. However, we don’t ignore the importance of spot trading. More mainstream, popular, and high-quality tokens have been listed, and up to now, there are 129 tokens and 313 trading pairs on CoinEx.
During the epidemic, we have never slowed down our development. Lacking of the OTC service has always been a shortage for CoinEx. In March, we partner with Simplex to integrate the first fiat onramp to our platform. People now can buy crypto with their credit cards, which lowers the threshold for more people to enter the crypto world. Moreover, we announced global strategic partnership with Matrixport to provide people with large amount of fiat to crypto needs the OTC service. These newly launched services also help to attract more users.
At the same time, CoinEx has been launched in Arabic, Italian, English, Japanese, Russian, Korean and other 16 languages. Earlier we also carried out product upgrades, making the UI and function sections clearer.
In terms of operations, we launched an upgraded CoinEx Ambassador program in March. To best utilize each ambassador’s personal strengths, there are four categories of CoinEx Ambassador with different responsibilities, namely Referral Ambassador, Marketing Ambassador, Operation Ambassador, and Business Ambassador, which will expand our brand’s exposure and help CoinEx grow into a more international exchange platform.
From March until now CoinEx has seen a 100% increase in user registrations. Why is that and are you able to see where they are coming from?
Eddie Jiang: Because of the efforts mentioned above, in 2020, we’ve seen an exponential increase in activity in just the past few months alone. In this year alone, CoinEx’s daily registered users increased by 100%. These new users mainly come from markets such as the Middle East, Asia Pacific, and more.
Interestingly, we saw an uptick in traffic from the Middle East in March. User growth in Southeast Asia also picked up significantly, newly registered users increased by 133.6% in April.
With Binance, BitMex, Huobi, Bybit, and Deribit, controlling most of the crypto futures and options markets, where do you see CoinEx fitting in? How do you plan to capture market share from these large exchanges?
Eddie Jiang: We won’t compete with others. We focus on ourselves to improve products and our goal is to be better than yesterday.
Our pace is solid and steady, instead of focusing on temporary heat and flow. We have always attached great importance of spot trading, and we are committed to be responsible for users’ investment. We have set up CoinEx Institution, which is dedicated on project research. A listing committee consist of core team members review and vote on projects recommended by the CoinEx Institution. In this way, fraud projects are avoided as much as possible.
Besides, we will focus on niche areas with great potential. For example, Southeast Asia and the Middle East. CoinEx can serve users in those countries well by providing a platform with rich cryptos to trade, and will pay more efforts on refined operations in different countries.
Moreover, CoinEx has a very complete ecosystem. Financial services, infrastructure, and ecological development, the three business units complement each other. The infrastructure BU is our cornerstone and is positioned as a defensive product; the financial service BU is a cash cow and is positioned as an aggressive product; the ecological development BU focuses on the public chain ecology and is the future infrastructure.
What is the geographical breakdown of the CoinEx userbase?
Eddie Jiang: The current proportion of CoinEx’s overseas users has reached 80% of the total registered users, and mainly in Australia, Southeast Asia, North America, Middle East and South Korea.
Do you have plans to focus on any certain jurisdictions? How will you do that?
Eddie Jiang: When we evaluate regions, two things matter: policy and potential.
Whether an exchange’s business expansion in a region is smooth or not largely depends on the region’s policies. If the region is not very friendly towards cryptocurrency or has repeated attitudes, there will be more difficulties and the cost will be much higher.
For a region’s development potential, we need to think about the demand and market development status. South Korea, Southeast Asia, the Middle East and other regions are all areas with good potential for cryptocurrency development. Compared with Europe and America, policy risks in these countries are lower, and the supervision mechanism is relatively complete. The public has a high degree of awareness of cryptocurrencies. Besides, some regions or countries have inflation problems due to political and economic reasons.
CoinEx will continue to focus on the Middle East and South Asia, which are relatively niche. India has just lifted ban on cryptocurrency trading this year, and there are many cryptocurrency investors in Indian. CoinEx can serve them well by providing a platform with rich cryptos to trade. More people in the Middle East are interested cryptos, especially in countries that are subject to economic sanctions or high inflation. For those people, cryptocurrencies are one of the best choices for asset preservation.
Since the CoinEx Ambassador program launched in March, it has been almost three months. We are conducting the second round of ambassador recruitment. This time, we will use the power of ambassadors to expand our recruitment coverage and strive to attract more crypto enthusiasts from all over the world to grow together with CoinEx. Moreover, we will launch the National Expansion plan and leverage on the CoinEx and ViaBTC mining pool resources, to further explore the Russian market. At the market level, we will make more PR efforts in local markets, and start refined operations.
What is CoinEx Chain and CoinEx DEX?
Eddie Jiang: CoinEx Chain is a public chain built on the Tendermint consensus protocol and the Cosmos SDK. It consists of three dedicated public chains parallel to each other. Among these three chains, CoinEx DEX meets the most basic needs of DeFi for token issuance, transfer, and transactions. The Smart Chain is designed to meet the needs of complex financial scenarios and delivers programmable cash. The Privacy Chain facilitates privacy and security.
On November 11, 2019, we took the lead in launching the Mainnet of CoinEx DEX. CoinEx DEX is the world’s first public chain dedicated to decentralized transactions. Users can easily manage their digital assets on it.
CoinEx DEX can fully satisfy the following conditions: users have private keys at their own disposal; transfers and transactions are all completed on-chain, which is 200% transparent and checkable; the issuance, transfer, and transaction of tokens do not require review or permission; the community governance and operation is decentralized, similar to EOS, and validators are introduced to the community ecosystem construction and governance. There are currently 41 validators.
It also has extreme performance. TPS reaches as high as 10,000 and transactions are confirmed within seconds. The transaction fee, 0.0001 US dollars for each transaction, is negligible.
Third, it’s simple and easy to use. The new operation interface design helps beginners get started quickly; with the one-click token issuing module, users only need to fill in a few items to issue tokens; the built-in automated market-making module guarantees liquidity.
How will CoinEx DEX improve the decentralized exchange space that has been unable to gain much adoption?
Eddie Jiang: There are many challenges and difficulties facing centralized exchanges. The first difficulty is security. Security is a huge concern for CEXs. Over the last 10 years, hackers have stolen more than $1.5 billion from centralized exchanges. In fact, research groups estimate that hackers stole somewhere between $950 Million and $1 Billion from centralized exchanges in 2018 alone. There were also incidents of coin thefts in other exchanges in 2019. Many exchanges, such as Mt. Gox, Youbit, were forced to file for bankruptcy and shut down as a result of hacks.
The second is high management costs. Centralized exchanges need to list a large number of cryptocurrencies and each of them have different trading pairs. That entails huge efforts in development and maintenance and, thus, high management costs.
The last is global policies. Cryptocurrency is faced with different regulatory policies in different countries. Every time a centralized exchange enters a country, it needs to adapt itself to local regulatory policies for compliance. This is a holdback for the exchange’s rapid market expansion globally. Such adaptation will also bring a huge learning cost for the exchange team.
Obviously, these problems can be well solved by DEX. CoinEx DEX is a true DEX with full open source and full community governance, as well as without depending on official nodes, websites, wallets, etc. On DEX, users are able to in charge of their own private keys and assets all by themselves. Their assets are more safe and secure. Transfers and transactions are all completed on-chain, which is 200% transparent and checkable; and the issuance, transfer, and transaction of tokens do not require review or permission. What’s more, CoinEx DEX provides a great and convenient user experience.
How will CoinEx Chain and DEX help the crypto industry as a whole?
Eddie Jiang: The public chain is the cornerstone of the blockchain industry. CoinEx Chain has the parallelism of multiple dedicated public chains, each of which performs its own functions, by cross-chaining for both high performance and flexibility.
CoinEx Chain is committed to building the next generation of blockchain financial infrastructure. It is a more complete ecosystem built around the DEX public chain. The DEX public chain is a dedicated public chain developed specifically for token issuance and trading and the biggest improvement on trading speed, so it only supports the necessary functions, not smart contracts.
But smart contracts are the foundation for building more complex financial applications. Outside the DEX public chain, CoinEx Chain also includes a Smart Chain that supports smart contracts.
Moreover, as privacy issues on the current blockchain have been criticized, it is one of the core tasks of CoinEx Chain to safeguard users’ privacy. Similar to the Smart Chain, the Privacy Chain specifically supports transaction privacy protection. With cross-chain circulation, it can improve the privacy characteristic of the entire CoinEx Chain ecosystem.
Nowadays, 1.7 million people in the world have no bank accounts; however, among them, two thirds are smartphone users with huge demands for financial services. The public chain will empower DeFi applications’ development and popularization, not only help more companies to seize the huge market opportunity, but also to bring lasting transformations and improvements in people’s lives.
With so many crypto exchanges, what is the future outlook of CoinEx when it comes to the crypto exchange space?
Eddie Jiang: It has been nearly 3 years since CoinEx has been launched, but it’s quite young for an entrepreneurial team. We have seen too many projects’ failures due to governance issues. CoinEx has a very elite team with high technical and management capabilities. In terms of business, CoinEx has gradually developed with diversified business and a complete ecosystem. It’s clear that the market will still grow very fast in the future, and the market size is still very large. We will continue to improve our products, put more efforts in marketing and operations, as well as look for more high-quality projects, to increase the number of users and transactions on the platform. Lay a solid foundation, and I’m sure the time will come for us to shine.
What updates is the CoinEx team most excited for?
Eddie Jiang: We are very excited about the National Expansion Plan which will be launched later this year. It is an important part in CoinEx’s globalization strategy. We will actively explore some new markets while consolidate the original ones. CoinEx will set aside 10 million US dollars to set up a “Pioneer Fund” to support this plan. This fund will be used to support local cryptocurrency projects and promote the development of the local cryptocurrency communities through investment or cooperation. Our goal this year is to invest in projects and communities that are conducive to expanding the CoinEx ecosystem in countries with high development potential.
Original article
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Where can I post this to get the discussion about it that I’m aiming for? I’ve already been permanently banned from threads and this is only my 5th post ever. I just want thoughtful discussion on important topics.

Save yourself some time and don’t read this. You’ll never get it, unless you do. In which case I hope you enjoy and think about what I’ve said. You may not agree with it all but you can’t deny it all either. The problem is that I’m right. So am I saying I think the vast majority of the world is wrong and I am right? Yes. It’s not easy to be right when most everyone else is wrong. You’re constantly misunderstood or dismissed. No I haven’t lost it. I’m totally sane. Maybe the most sane I’ve ever been. That probably sounds crazy and maybe it is but if this is crazy I don’t ever want to be sane again.
It’s all of it. It’s not just black or white it’s gray. It’s a mix of the major competing ideas and a cherry picking of the best of those ideas. It’s the new ideas that keep up with our time. There-in lies the solution to our problems. Compromise and use the best parts of the major competing ideas not just one or the other. Think about healthcare. We need both a public and private option. We can’t have just one. We need both. A public option for the poor or disenfranchised and a private option for the wealthy and those who can afford to get private insurance. Wet markets and factory farming will be the death of us if we don’t outlaw that shit worldwide as soon as possible. Yes this means less meat in our diets. Look at the data. This is actually good for us. Take climate change. We can’t just stop using fossil fuels tomorrow. We need to phase them out while figuring out how much we can burn without negatively effecting our environment and then allowing the poorest countries to continue using fossil fuels in the interim while they grow their economies to prearranged milestones where they must phase in renewables. Take capitalism. Our society’s trade platform. It must be a mix of capitalism with restraints and restrictions strategically implemented to thwart the worst parts of greed, corruption and pollution. Along with a public option for healthcare and education. It’s socialism and capitalism meshed together. Republican or Democrat? We need a third option. The ruling party. The party that uses the best parts of both ideas and dumps the junk bunk bullshit that drags us down. The tie breaking vote cast in favor of either side, whenever it is they happen to have the better idea. This ruling class is called the Digerati. Not my term. They need to be the deciding voice of reason because they see the world for what it is. They are already silently leading the world. They are the Facebooks the Googles the Microsofts the Ubers the Teslas. I could go on. The Expedias the Amazons, you get the point. They have seen that digital technology trumps old analog technology in almost every industry. They have come in and dominated the old with the new. Taking voting for instance. We need to offer all viable options to increase voter turnout and opportunity. That means in-person, mail-in, Internet, and smartphone via blockchain. Putin will rule us all if we don’t band together against him. Hopefully I’m wrong there and his overreach will be the death of him, but that’s for time to tell. It’s not just religion or atheism and nothing in between. It’s spirituality. No not the traditional Christian soul “spirit” bullshit. Nothing supernatural in the standard sense. It’s the interconnectedness of everything down to a basic atomic level that binds all things. The problem also lies in our broken criminal justice system and the for-profit prisons that lobby to keep it that way. It’s the NRA and the gun lobby stopping us from having common sense gun law and closing the purchase and tracking loopholes. It’s the corrupt gang of thugs called the police who kill innocent people on the regular with seemingly no ramifications. It’s the irrational and crooked stock market putting this false face on the economy but we don’t have any other simple numbers to base the complexity of the economy on so we deal with it. We let these Wall Street crooks live in their ivory towers laughing at us. Selling us bits of 1’s and 0’s in the cloud somewhere that we never actually own. If we did they’d give us all our proportion of the profits equivalent to the shares we own. It happens but rarely. It’s just as bullshit as the concept of paper money backed by the Fed and nothing else. Even gold, what’s that worth anyway? Seems to me something is only worth its weight in what it can do or provide. Gold has its uses and therefore has value but it’s still an inflated illusion. Not that bitcoin isn’t based on a similar illusion but it’s far superior to paper money. More important than just bitcoin is the blockchain technology itself. This is going to change the way we do everything. All the big companies and leaders already know what’s coming. It’s going to change banking, voting, critical infrastructure security, contract law, stock trading, real estate, healthcare, supply chain management, music and entertainment property rights and IP etc etc etc. I could list 40-50 major industries that will be impacted in a huge way by blockchain. All technology is growing faster and faster. Exponentially so. So fast we can’t comprehend it. The growth of AI and the invention of bitcoin are changing the world so fast you can’t even see it. My point is it’s all going to change very fast. This country is not long for this world if we don’t make some massive changes, and I mean quickly. No more assholes like Trump ever can be elected to such high offices. Never let the stupid overtake the enlightened again because of technicalities. All these crooked politicians need to go to jail. For life. To set the example for all time. This bullshit will not be tolerated. The Constitution has failed us. Just look at the dysfunction in the Congress and Senate and now the White House. We’ve had some clowns in office before but nothing this extreme. China is going to overtake the USA in digital and cryptocurrency as they are embracing the technology far more. Bitcoin is coming for your wallets so you better get onboard or get left behind. New digital millionaires and billionaires are being minted daily. The world is becoming increasingly more dangerous every day. The poor and the left-out are growing in numbers and it’s only going to get worse. Those who can see, I mean truly SEE what’s going on, will rule the world. Those who don’t see it will be pushed further and further down out of the middle class and into poverty. This is going to create great disparities of wealth beyond anything the world has seen in quite some time. Think India’s caste system on steroids. So what can we do? We can embrace the future. We get as much bitcoin as we can get our hands on as soon as possible before only the elite have access to one whole bitcoin. Don’t pick up the scraps. Make your own way now. Don’t let the asshats rule the world. The Trumps the Putins the Bolsonaros and the Boris Johnsons of the world can’t be left in power. They are destroying everything we know and love. There are major political changes happening right now that will negatively impact all of our lives. They are the fault of McConnell, Trump, all the judges he’s appointed, and the entire Republican establishment. The Democrats are only marginally better. We need to throw out our failed institutions and start over with lessons learned. We need to actually make a real separation of Church and State. No more muddy water. No more bullshit child rape organizations like the Catholic Church allowed to claim tax free status and then take PPP Loans from our tax dollars. If they are a business that can receive PPP then they can be taxed like one. And why isn’t the Pope in jail. If I was the lead architect for covering up thousands of child rapes you can bet your ass there would be an international warrant for my arrest but instead he’s treated like a top celebrity and revered by some as next to “God”. There is a better way. Now is the time to move forward with plans to right the ship. Arguably there has never been a better more apropos time than now. This pandemic has pushed our country to the brink of failure. We also probably need to think about a backup plan. A plan to create a new country with those who understand what’s really happening. I’m not sure what exactly that looks like. Maybe we secede California or Texas from the union. Maybe we let Bezos buy an African country and pay all of its citizens handsomely to leave. Then from there we start a new world order. Yes, I said new world order. The term we’ve all been taught to fear our whole lives. What does the status quo have to be so scared of that it’s brainwashed us all to be scared at the mention of a new world order. That idea is obviously huge and has its own complications. I’m not talking about microchipping everyone either. I’m talking about real freedom. We’ve given up our liberty in pursuit of safety. We given up honest governance in place of partisan wins. I don’t pretend to know the ultimate answer to all things. Just the formula. There are multiple possibilities. I don’t think there is only one way to skin this cat. We can get to the same outcome via many routes as long as the mission is clear. Do what makes the most logical sense and will actually work verses what is politically expedient. Be the solution.
submitted by imenotu8 to deepdiscussions [link] [comments]

Where can I post this to get exposure and feedback? I’ve been banned from big threads already and this is my 4th post on Reddit ever. I just want to start the discussion.

Save yourself some time and don’t read this. You’ll never get it, unless you do. In which case I hope you enjoy and think about what I’ve said. You may not agree with it all but you can’t deny it all either. The problem is that I’m right. So am I saying I think the vast majority of the world is wrong and I am right? Yes. It’s not easy to be right when most everyone else is wrong. You’re constantly misunderstood or dismissed. No I haven’t lost it. I’m totally sane. Maybe the most sane I’ve ever been. That probably sounds crazy and maybe it is but if this is crazy I don’t ever want to be sane again.
It’s all of it. It’s not just black or white it’s gray. It’s a mix of the major competing ideas and a cherry picking of the best of those ideas. It’s the new ideas that keep up with our time. There-in lies the solution to our problems. Compromise and use the best parts of the major competing ideas not just one or the other. Think about healthcare. We need both a public and private option. We can’t have just one. We need both. A public option for the poor or disenfranchised and a private option for the wealthy and those who can afford to get private insurance. Wet markets and factory farming will be the death of us if we don’t outlaw that shit worldwide as soon as possible. Yes this means less meat in our diets. Look at the data. This is actually good for us. Take climate change. We can’t just stop using fossil fuels tomorrow. We need to phase them out while figuring out how much we can burn without negatively effecting our environment and then allowing the poorest countries to continue using fossil fuels in the interim while they grow their economies to prearranged milestones where they must phase in renewables. Take capitalism. Our society’s trade platform. It must be a mix of capitalism with restraints and restrictions strategically implemented to thwart the worst parts of greed, corruption and pollution. Along with a public option for healthcare and education. It’s socialism and capitalism meshed together. Republican or Democrat? We need a third option. The ruling party. The party that uses the best parts of both ideas and dumps the junk bunk bullshit that drags us down. The tie breaking vote cast in favor of either side, whenever it is they happen to have the better idea. This ruling class is called the Digerati. Not my term. They need to be the deciding voice of reason because they see the world for what it is. They are already silently leading the world. They are the Facebooks the Googles the Microsofts the Ubers the Teslas. I could go on. The Expedias the Amazons, you get the point. They have seen that digital technology trumps old analog technology in almost every industry. They have come in and dominated the old with the new. Taking voting for instance. We need to offer all viable options to increase voter turnout and opportunity. That means in-person, mail-in, Internet, and smartphone via blockchain. Putin will rule us all if we don’t band together against him. Hopefully I’m wrong there and his overreach will be the death of him, but that’s for time to tell. It’s not just religion or atheism and nothing in between. It’s spirituality. No not the traditional Christian soul “spirit” bullshit. Nothing supernatural in the standard sense. It’s the interconnectedness of everything down to a basic atomic level that binds all things. The problem also lies in our broken criminal justice system and the for-profit prisons that lobby to keep it that way. It’s the NRA and the gun lobby stopping us from having common sense gun law and closing the purchase and tracking loopholes. It’s the corrupt gang of thugs called the police who kill innocent people on the regular with seemingly no ramifications. It’s the irrational and crooked stock market putting this false face on the economy but we don’t have any other simple numbers to base the complexity of the economy on so we deal with it. We let these Wall Street crooks live in their ivory towers laughing at us. Selling us bits of 1’s and 0’s in the cloud somewhere that we never actually own. If we did they’d give us all our proportion of the profits equivalent to the shares we own. It happens but rarely. It’s just as bullshit as the concept of paper money backed by the Fed and nothing else. Even gold, what’s that worth anyway? Seems to me something is only worth its weight in what it can do or provide. Gold has its uses and therefore has value but it’s still an inflated illusion. Not that bitcoin isn’t based on a similar illusion but it’s far superior to paper money. More important than just bitcoin is the blockchain technology itself. This is going to change the way we do everything. All the big companies and leaders already know what’s coming. It’s going to change banking, voting, critical infrastructure security, contract law, stock trading, real estate, healthcare, supply chain management, music and entertainment property rights and IP etc etc etc. I could list 40-50 major industries that will be impacted in a huge way by blockchain. All technology is growing faster and faster. Exponentially so. So fast we can’t comprehend it. The growth of AI and the invention of bitcoin are changing the world so fast you can’t even see it. My point is it’s all going to change very fast. This country is not long for this world if we don’t make some massive changes, and I mean quickly. No more assholes like Trump ever can be elected to such high offices. Never let the stupid overtake the enlightened again because of technicalities. All these crooked politicians need to go to jail. For life. To set the example for all time. This bullshit will not be tolerated. The Constitution has failed us. Just look at the dysfunction in the Congress and Senate and now the White House. We’ve had some clowns in office before but nothing this extreme. China is going to overtake the USA in digital and cryptocurrency as they are embracing the technology far more. Bitcoin is coming for your wallets so you better get onboard or get left behind. New digital millionaires and billionaires are being minted daily. The world is becoming increasingly more dangerous every day. The poor and the left-out are growing in numbers and it’s only going to get worse. Those who can see, I mean truly SEE what’s going on, will rule the world. Those who don’t see it will be pushed further and further down out of the middle class and into poverty. This is going to create great disparities of wealth beyond anything the world has seen in quite some time. Think India’s caste system on steroids. So what can we do? We can embrace the future. We get as much bitcoin as we can get our hands on as soon as possible before only the elite have access to one whole bitcoin. Don’t pick up the scraps. Make your own way now. Don’t let the asshats rule the world. The Trumps the Putins the Bolsonaros and the Boris Johnsons of the world can’t be left in power. They are destroying everything we know and love. There are major political changes happening right now that will negatively impact all of our lives. They are the fault of McConnell, Trump, all the judges he’s appointed, and the entire Republican establishment. The Democrats are only marginally better. We need to throw out our failed institutions and start over with lessons learned. We need to actually make a real separation of Church and State. No more muddy water. No more bullshit child rape organizations like the Catholic Church allowed to claim tax free status and then take PPP Loans from our tax dollars. If they are a business that can receive PPP then they can be taxed like one. And why isn’t the Pope in jail. If I was the lead architect for covering up thousands of child rapes you can bet your ass there would be an international warrant for my arrest but instead he’s treated like a top celebrity and revered by some as next to “God”. There is a better way. Now is the time to move forward with plans to right the ship. Arguably there has never been a better more apropos time than now. This pandemic has pushed our country to the brink of failure. We also probably need to think about a backup plan. A plan to create a new country with those who understand what’s really happening. I’m not sure what exactly that looks like. Maybe we secede California or Texas from the union. Maybe we let Bezos buy an African country and pay all of its citizens handsomely to leave. Then from there we start a new world order. Yes, I said new world order. The term we’ve all been taught to fear our whole lives. What does the status quo have to be so scared of that it’s brainwashed us all to be scared at the mention of a new world order. That idea is obviously huge and has its own complications. I’m not talking about microchipping everyone either. I’m talking about real freedom. We’ve given up our liberty in pursuit of safety. We given up honest governance in place of partisan wins. I don’t pretend to know the ultimate answer to all things. Just the formula. There are multiple possibilities. I don’t think there is only one way to skin this cat. We can get to the same outcome via many routes as long as the mission is clear. Do what makes the most logical sense and will actually work verses what is politically expedient. Be the solution.
submitted by imenotu8 to DeepConversation [link] [comments]

Full overview of Eth 2.0 & 1.x roadmaps from Messari

Full section on Messari's Ethereum trends for 2020 here

ETH 2.0 Research/Governance/Roadmap at a glance

If history is any guide, we’re not going to see ETH 2.0 until 2022 at the earliest, even if the earliest phases of “Serenity” begin getting pushed in mid-2020. ETH 2.0’s rollout breaks down into seven (7!!!) phases and brings with it the promise of staking, sharding, a new virtual machine, and more dancing badgers.
(One of our analysts, Wilson Withiam, put together an excellent overview of both the ETH 2.0 and ETH 1.x roadmaps for this report. They are critical to track and understand at a high-level given how much Ethereum’s performance will affect other competitive projects and most of the DeFi and Web 3 infrastructure. So these next two sections are longer and more technical.)
Here’s what you need to know about the current game plan for crypto’s largest platform.
Phase 0 marks the launch of the “beacon chain”, which will serve as the backbone for a new blockchain. The beacon chain will manage network validators (large early stakers like ConsenSys) and ultimately assign validators to individual shards (slicing the new blockchain into smaller chunks is a key, difficult, controversial scaling decision that’s been made). The new chain will support Ethereum’s new proof-of-stake consensus mechanism, and offer inflation rewards with new ETH2 for those that pony up and lock 32 ETH1 tokens into an irreversible contract. That one way bridge into the new system is also contentious, but it means ETH1 supply will start getting “effectively burned” once token holder begin claiming beacon chain validator slots. Initial reports claimed Jan. 3 as a realistic launch date (lol). It will be amazing to see this launched by end of June.
Phase 1 will introduce 64 individual shard chains (reduced from 1,024!!!) to the network, with the option to increase the total down the road as the design gets tested. The Ethereum elite see sharding as the “key to future scalability” as shards can parallelize transaction processing, something that could improve network performance and reduce individual validator’s costs (good for decentralization). It comes with big risk: this is still theoretical. No network the size of Ethereum has successfully sharded its blockchain. In Phase 1, shard chains will only contain simple data sets (no smart contracts or transaction executions) to test the system’s structure. As with Phase 0, the beacon chain will continue to run in parallel with ETH 1.x throughout the phase. Don’t expect Phase 1 anytime before 2021.
Phase 2 marks the full launch of the ETH2 chain, allowing for on-chain contract execution and introducing the new eWASM virtual machine (dubbed EVM 2.0). At this point, existing dApps can start migrating their contracts from ETH 1.x to a specific shard (one shard per contract) in the new network. Storage rent, charging contract owners for storing data on the network (more on this below), is in the cards as well, which would require mass contract rewrites. Even though Phase 2 intends to replace the original Ethereum blockchain entirely, ETH 1.x may still live on as a shard within ETH2. (How confused are you by now? See why bitcoin will still dominate the macro narrative for a while?) A late 2021 release for Phase 2 is optimistic. Before the end of 2022 would be a win.
The final four phases are less defined, and without an attached timeline:
Phase 3 implements state-minimized clients (because stateless clients are just too much). Phase 4 allows for cross-shard transactions. Phase 5 improves network security and the availability of data proofs. Phase 6 introduces meta-shards, as in “shards within shards within shards,” for near-infinite scaling. If you’re scratching your head and are sadistic enough to read more, the Sharding Wiki page does note, “this may be difficult.”
Scaling and compilation efficiencies aside, the most notable change in Ethereum’s metamorphosis is the transition from proof-of-work to proof-of-stake. PoW is the more battle tested security model for blockchain networks, while PoS may prove to be more efficient but with new and less obvious attack vectors. For the more technical, we recommend reading Bison Trails’ Viktor Bunin on the subject of PoS security threats.
Past research has also shown PoS requires an extra layer of “trust” vs. PoW, to help nodes sync to the network. Most models share specific characteristics to address this trust issue, such as allowing for a dynamic set of validators (rotate your security), promoting token holder participation in consensus, and assessing steep penalties (slashing) for any network participant that violates the protocol guidelines. ETH 2.0 will function similarly, but may be able to learn from other PoS networks (and their R&D) as well as those come live and see real world issues. As Vitalik points out, recent research in PoS resulted in “great theoretical progress,” But...
Listen, we're talking about practice. Not a game. Not a game. Not a game. We're talking about practice. Not a game….Practice? We're talking about practice, man? We're talking about practice. We're talking about practice. We ain't talking about the game. We're talking about practice, man.
Vitalik was eight when this happened, so the clip might help and prove metaphoric.

2 ETH 1.x Research/Governance/Roadmap at a glance.

Ok, one more. Bear with us. Let’s reiterate, ETH 2.0 is a brand new blockchain. It’s going to be a chaotic and high-risk transition. In the meantime, the existing network needs to run existing applications (particularly financial settlements for DeFi transactions). More critical upgrades are needed in the current system.
To that end, ETH 1.x devs have three goals to boost performance and reduce blockchain bloat: (1) introduce client optimizations that increase transaction capacity; (2) cap disk space requirements and prune old, memory-sucking data (so running a node is less expensive and more decentralized); and (3) upgrade the EVM to eWASM, a newer open standard for code compilers that simplifies debugging, and is also used by all the newer smart contract platforms. ETH 1.x developers have decided to split the major tasks amongst four working groups:

Core developers intend to introduce most of these implementations through a series of hard forks, the latest of which activated just over a week ago (Istanbul, Dec. 7). However, Istanbul’s second phase, tentatively scheduled for Q2 next year, has Ethereans at each other’s throats. The controversy boils down to the fork’s inclusion of ProgPoW, an ASIC-resistant hashing algorithm designed to replace Ethereum’s current algo. ProgPoW aims to even the playing field for GPU miners and ward off the entrance of potential ASIC competitors. The miners like that. But many miners and investors see ProgPoW as a threat to their investments. For miners, the change would shift the power dynamic away from mining farms and render expensive, specialized mining hardware useless. Ethereum (and ERC-20) investors intent on securing their assets might balk because ASIC miners typically prop up hash rates (overall chain security) and their costs “naturally create a price-floor for ASK prices of miners’ sell-orders.”
This saga is far from over. The infighting will likely continue leading up to ProgPoW’s activation date mid-next year, and presents the strongest potential for a network split since “The DAO” fork that spawned Ethereum Classic. The looming transition to ETH 2.0 (and proof-of-stake) will likely deter investor pushback, because it’s a short-term battle in a war the miners are ultimately going to lose, anyway.
Unless the roadmap changes back to supporting a hybrid PoW/PoS system, of course, but... Oh my god, I’m just kidding. This section is mercifully over.
submitted by CryptigoVespucci to ethereum [link] [comments]

On ARPA’s 2nd Anniversary — A Letter from CEO

On ARPA’s 2nd Anniversary — A Letter from CEO

https://preview.redd.it/qg09bb6wony41.png?width=1400&format=png&auto=webp&s=bb461620b46a5233fbc5fdf67fa3d05806acb2e4
Dear friends and partners,
Time flies, and ARPA is turning two years old this week. It is a good time to sum up and look ahead.
First of all, I would like to thank you on behalf of the whole team for your continuing company and support. You are the reason that ARPA is always maturing and improving.
https://youtu.be/y7Xgd76xurw
I often joked that ARPA is a two-year-old baby in a three-year-old industry. Looking back on the history of the Internet and mobile Internet, blockchain practitioners are trailblazers in this long journey. Over the past two years, the ARPA team has thrived in both the blockchain industry and privacy-preserving computation. We’ve been through the crypto winter of 2018 and have witnessed the infancy phase of the blockchain and crypto industry.
At the crossroads of history, what choices should we make, and which direction will these choices lead? Please allow me to lead you through the past and the future of ARPA.
First, ARPA is becoming more adaptive than ever. The crypto industry has a typical dumbbell-shaped structure. It attracts the most talented developers in the world, and at the same time attracts individuals that of speculative nature. If we take Ethereum as an example, it has a large and loose group of developers. It is a global-scale social experiment to stimulate innovation with a ‘bazaar’ development model. We are a proud ecosystem buidler on Ethereum from the very beginning.
On the one hand, the world of blockchain and crypto is the continuation of the free software movement, cryptopunk culture, and is the ultimate demonstration of large-scale open-source collaboration. On the other hand, the speculative nature of cryptocurrencies has attracted a large number of new users who have little idea of how the technology works in detail, leading to chaos in the industry. Even regulators and traditional enterprises become cautious when talking about cryptocurrency.
With the research on digital currencies deepens in various countries, China is on the edge of launching DC/EP, Facebook has proposed and is implementing Libra, the entire crypto industry is entering the fast track, and mass adoption is right around the corner. The flexibility to change in the industry and the ability to make long-term beneficial choices are the prerequisites for ARPA surviving the many cycles ahead.
Second, the blockchain and privacy-preserving computation industries are on a steady rise. From the users’ perspective, Chinese DC/EP and Facebook’s Libra will bring digital currency to millions of households, and cryptocurrencies such as Bitcoin will also gain more users. The relationship between Bitcoin and sovereign digital currency is like Zion and Matrix in the Matrix. Sovereign digital currency is like the cornerstone, while cryptocurrencies such as Bitcoin are niche products. It is foreseeable that with the de-globalization, cryptocurrency will expand to many more areas for new applications.
From an engineering perspective, the crypto ecosystem is continuously improving. Better development tools and easier-to-use components allow developers to implement lego-style infrastructures. Although the security of interoperability needs to be improved urgently, the infrastructure and applications themselves are spiraling upwards.There’s no doubt that when we look back in five years, the current hurdles like security, interoperability, and privacy will be no more.
Privacy-preserving computation is developing rapidly, and the new protocol in academia has increased computation efficiency to meet commercial needs. Various countries are gradually implementing regulations, and some large companies are also exploring and formulating industry standards with ARPA. Blockchain and the privacy-preserving computation industry’s rapid progress gives ARPA a strong foundation to develop.

https://preview.redd.it/hxc1k9h6pny41.png?width=1400&format=png&auto=webp&s=b3ae5dfd6cac27771e1250d2a3ee725c2929de5c
In 2020, the primary goal of a large number of companies is to survive. Cycle management is, in my opinion, the secret of success in any business. The financial cycle, the singularity of privacy-preserving computation technology and the regulatory change in the data industry are the three cycles of the industry where ARPA is in.
ARPA is powered by an agile and elite team. We are highly selective when it comes to recruitment and partnerships. Over the past two years, ARPA participated in the formulation of privacy-preserving computation industry standards, assisted the authoritative institutions such as the China Academy of Information and Communication Technology(CAICT) and IEEE in promoting the development of the privacy-preserving computation, and participated in the authoring of the first book on privacy-computation in China. It allows ARPA to maintain thought leadership and leading standards in the emerging industry of privacy-preserving computation.
Looking ahead to the coming year, the ARPA team will continue to thrive in the privacy-preserving computation industry, expand partnerships in the financial and marketing sectors, and continue to launch products such as blacklist sharing and joint risk control.
We will continue exploring crypto-native use cases, such as open finance and DeFi products, decentralized cross-chain asset custody. For example, ARPA’s threshold signature technology that’s based on MPC can enable distributed key management (DKMS), realize decentralized cryptocurrency custody, and better protect user assets. Threshold signature applications include enterprise-level wallets, and cross-chain assets in the DeFi field, and cross BTC on the Ethereum chain to participate in DeFi.
Two years have passed and ARPA is turning a toddler from an infant. I firmly believe that ARPA will be active on the world blockchain stage for a long time with the resilience, execution, and long-term insight of our team. We are here to stay!
ARPA Co-Founder & CEO
Felix Xu

About ARPA

ARPA is a blockchain-based solution for privacy-preserving computation, enabled by Multi-Party Computation (“MPC”). Founded in April 2018, the goal of ARPA is to separate data utility from ownership, and enable data renting. ARPA’s MPC protocol creates ways for multiple entities to collaboratively analyze data and extract data synergies, while keeping each party’s data input private and secure. ARPA allows secret sharing of private data, and the correctness of computation is verifiable using information-theoretic Message Authentication Code (MAC).
Developers can build privacy-preserving dApps on blockchains compatible with ARPA. Some immediate use cases include: credit anti-fraud, secure data wallet, precision marketing, joint AI model training, key management systems, etc. For example, banks using the ARPA network can share their credit blacklist with each other for risk management purposes without exposing their customer data or privacy.
Team members have worked at leading institutions such as Google, Amazon, Huawei, Fosun, Tsinghua University, Fidelity Investments. ARPA is currently assisting the China Academy of Information and Communications Technology in setting the national standard for secure multi-party computation. ARPA is a corporate member of MPC Alliance and IEEE and is in partnership with fortune 500 companies to implement proof-of-concepts and MPC products. In 2019, ARPA was named as the Top 10 most innovative blockchain companies in China by China Enterprise News and China Software Industry Association.
For more information about ARPA, or to join our team, please contact us at [email protected].
Learn about ARPA’s recent official news:
Telegram (English): https://t.me/arpa_community
Telegram (Việt Nam): https://t.me/ARPAVietnam
Telegram (Russian): https://t.me/arpa_community_ru
Telegram (Indonesian): https://t.me/Arpa_Indonesia
Telegram (Thai): https://t.me/Arpa_Thai
Telegram (Philippines):https://t.me/ARPA_Philippines
Telegram (Turkish): https://t.me/Arpa_Turkey
Korean Chats: https://open.kakao.com/o/giExbhmb (Kakao) & https://t.me/arpakoreanofficial (Telegram, new)
Medium: https://medium.com/@arpa
Twitter: u/arpaofficial
Reddit: https://www.reddit.com/arpachain/
Facebook: https://www.facebook.com/ARPA-317434982266680/54
submitted by arpaofficial to u/arpaofficial [link] [comments]

Olive Branch Listing Invitation from BitOffer, A Cryptocurrency Derivatives Platform

Olive Branch Listing Invitation from BitOffer, A Cryptocurrency Derivatives Platform

https://preview.redd.it/l11lwjuz5tj41.png?width=400&format=png&auto=webp&s=8c9890e69cdb1a9ab618c90f6afae4cc630f8ac2
BitOffer, one of the most professional cryptocurrency derivatives exchanges, bases its headquarters in Singapore and sets up operation branches in HongKong and other places in order to push the process of indigenized operation. As an international financial service provider with the concept of “Endowing users with the ability to trade a variety of digital asset on a secure, efficient platform”, BitOffer is committed to build a world-class cryptocurrency trading platform with high-quality products and services that is able to offer millions of blockchain enthusiasts security, efficient and diversified cryptocurrency derivatives.
With the team consists of elites come from Goldman Sachs, Facebook, Google, Tencent, UBS, AIA, etc., BitOffer specializes in R&D and operation.
To facilitate the development of global blockchain digital assets, BitOffer sincerely recruits superior projects. In addition, BitOffer will provide a public, fair and transparent operation so that the investors can own the capability of trading in a benign environment. In the future, BitOffer will also build a business connection with renowned institutions to provide comprehensive digital asset investments and services.

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Diversified Services to Projects

BitOffer is advanced in technical security and operating system due to its leading talent of R&D. With the trading system adopts the top-level institution level of structuring which integrates developed matching algorithm, the rapid processing speed guarantees the efficiency when investors are trading on BitOffer.
To secure the asset of investors, BitOffer not only requires KYC authentication but also uses multiple wallets separated into Cold Wallet and Hot Wallet. BitOffer is also developing its financial chain to provide projects customized financial programs with advanced smart contract.
Soon, BitOffer will also support the services of cross-chain trading and on-chain liquidation to share the worldwide liquidity. The powerful risk-control system and the multilingual services enable BitOffer to protect the investors’ security and clear dyslexia for investors all over the world.

Multifarious Financial Services Licences

BitOffer has been authorized the type 1 licence by Hong Kong SFC which allows BitOffer to provide securities services. Now BitOffer is also applying for the type 7 licence that can enable BitOffer to offer automatic trading services.
Besides, BitOffer also has been licensed as an STO exchange that is approved to offer regulated services of applying, issuing tokens, tokens custody and bringing liquidity. With the services above, BitOffer will be able to provide the support of wallet, or issuing tokens on BitOffer financial chain of which smart contract can schedule a periodically burn, tokens management. In this case, it can guarantee the projects to be operated by the project in a regulated way.

One-stop Financial Services

Since BitOffer started its business, it has provided several innovative financial products and features as follows:
  1. Bitcoin Options: The first intraday Bitcoin Options in the Cryptocurrency industry which requires 0 margins, 0 fees and non-exercise.
  2. ETF: The most innovative cryptocurrency ETF so far of which ROI is 300% to 1500%.
  3. Spot trading: Charging the lowest fee, 0.05%.
  4. In the near future, BitOffer will also launch the most innovative perpetual swap, and other trading products and services.
BitOffer, a professional team with strong capital, and the most creative operation pattern and products, provides investors with one-stop financial services that always put user experience and platform value at the first stage.

Real-time Global Media Promotion

BitOffer and hundreds of worldwide blockchain media have announced a strategic cooperation. Moreover, with the cooperation with numerous renowned KOLs on Twitter, Facebook, YouTube, etc. countless globally social network promotions are also available at the same time.

Missions of BitOffer

BitOffer devotes itself to build the most professional financial derivatives trading platform for worldwide investors based on the development of STO. Technically, we solve the pain points of the digital asset in order to build a transparent and efficient blockchain ecosystem. In addition, for the purpose of providing a fair and transparent trading environment with high liquidity, BitOffer builds an on-chain custody system based on the smart contract by connecting the worldwide liquidity and setting up a completed on-chain liquidation mechanism so that investors can participate in trading and custody on their wallet. BitOffer will always take “Endowing users with the ability to trade a variety of digital assets on a secure, efficient platform” as the concept.
BitOffer now sincerely offers an olive branch to high-quality projects.
For projects who are willing to know more about us and list on BitOffer.com, you can find us on:

Telegram: https://t.me/bitofferen

Facebook: https://www.facebook.com/BitOfferEN

Twitter: https://twitter.com/BitOfferEN

submitted by Bitoffer_Official to BitOffer_Official [link] [comments]

BTC, a response to the Cartel and the necessity of DeFi

Finding my legs in the Crypto sphere has been a wild ride to say the least. Watching BTC in particular drive up to its ATH was incredibly exciting for an anarcho-capitalist like me. I am not "allowed" to judge people as to why they are interested or invested in crypto, it is also an exercise in futility because in my opinion anybody invested/interested in BTC/Crypto are my allies. Allies in a fight against the central banks of the world - and the cartel.
Call me paranoid, but I have seen what the central banks are capable of. For me it began in 2008 or so when I saw the govt. and politics doing things that were against my interests. Upon investigation I learned what the FED was and seemingly what their agenda was. A really great animated short presents their 100+ years of existence and history before the FED was created, which can allow the observeinvestoenlightened a more macro perspective into why I think BTC and Cryptocurrencies were created. The video can be found here.
Two dimensionally we can see that the banking cartel are clearly not created for our best interest. I assert the banking cartel were created to control the money supply thereby limiting "peasant's" access to real assets in this world - controlling our lives, treating us like cattle. What crop are they harvesting? Our life force, our souls, our ability to create wealth. Do not sell humans short for an instant. We are capable of incredible feats, however, leashed like a broken horse we are now tools for the masters to reap financial benefits of our work/labointelligence/beauty/etc. The banking system, the diamond cartel in Africa, the enforcement through the military industrial complex are all a part of The Cartel.
The Cartel is extremely developed and they have another language for how they speak about world events. What we hear in this world is not the world as they know it. In the words of George Carlin:
It's a big club, and you ain't in it.
You will never be in it, and you better be damn sure they will kill people to ensure that they keep the club open. That is what the military industrial complex does for the cartel. Try to think of the cartel as a hydra. One head tends to political enforcement and squelches dissent (look at what is happening in Hong Kong), another head tends to financial enforcement not allowing the people to build wealth (see the FED). The more wealth people have- the more power people have, and the less they do; and they can't have that. The more power we as a population have, the less the enforcers have, and a next logical step forward would be prosecution of these corrupted heads of enforcement.
Now, after listening to market sentiment lately I hear a lot of people stressed about the recent dip in price. I think psychologically we are meant to feel this way by design. There is a great article that goes a little more in depth about crypto market manipulation and the CME, however, the main takeaway I found was this quote:
As price keeps dropping people start despising the asset. See what happened to Gold and Silver since 2011. The more it dropped the more people hated it. Many Gold bugs sold precious metals at the bottom and switched over to Bitcoin and Crypto (when it was at the top.) This exactly what “they” want the retail investor to do as “they” collect more of it at the lower prices.
Psychologically speaking, the financial industry as it is designed circa 1913-2008 has been a slow and steady blood letting of the population. They may stick only one needle and tube into your body but over a lifetime they will harvest an incredible amount of "energy" (money, resources, life-force) from just one individual .. also include trans-generational population control.
This is why bitcoin was created.
It was to free the people from this highly tuned machine that is consuming the souls of everybody you know. The sheer amount of on-chain data available and still being realized about the crypto markets (as now studied by Willy Woo and others) is likely tantamount to the data credit card companies are privy to. The cartel has generations of data with which to study and strategize their next enforcement campaign. We in the still very immature age of DeFi are only JUST discovering what we don't know.
We barely know: what we don't know..
This is why people are afraid of BTC/Crypto right now. This is why trolls and enemies and the unenlightened try to psychologically kill BTC/Crypto in the mind - it is a literal programming. It is a big machine and you and I are a cog, they are the driver. The beauty is, we have an instrument to finally break out of this prison of the soul. There will only ever be 21 million BTC, and after that value appreciates via the stock-to-flow ratio, that value will expand and follow paths of least resistance likely into a full fledged developed DeFi infrastructure - as the plan is laid out now. How and when we get there depends on many factors, but the most important concept for the people right now are faith, reassurance, and hard work.
Faith behind the idea of Crypto, reassurance that BTC/Crypto is not dead, and hard work behind the technology that will enforce a free world of tomorrow decoupled from the cartel and their toxic system that sucks the soul out of people.
I am excited about Pax Gold and even the possibility of staking the coin on a wallet earning compound interest. We are nearing a new age of banking/finance where the micro percents skimmed off the top are yours to keep. Every time I think of a social security number I think of a bar-code and ledger accounting for all the wealth the elites have harvested from a single person. I would assert people in 2019 create virtually $1,000,000 or more of value through out their lifetime (adjusted for inflation of course, trollol) that is recycled into the system via the matrix of financial control and enforcement.
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Unrelated: This video gives a great update on where I think we are from a macro psychological perspective and gives good general insight on global adoption.
https://youtu.be/Hx-V4DQhXeA
Countries like Venezuela, Brazil, also Africa are seeking the solution of Blockchain and BTC and Crypto, Brazil is considering adding BTC and ETH as a form of reserve currency. Stay frosty and HODL on .. were in for a wild ride.
submitted by MattMan970 to Bitcoin [link] [comments]

Lisk Highlights, April 29th 2019: Lisk meetup at the EliteCenter Tokyo; Secure crypto wallets, DPOS+PBFT, and Airdrops.

Hello there. Here is my selection for today's highlights and interesting items within the Lisk ecosystem and beyond.....

Lisk meetup at the EliteCenter Tokyo; Secure crypto wallets, DPOS+PBFT, and Airdrops.

Last Friday saw EliteCenter Tokyo host a Lisk meetup for a congregation of what could be described as "junior Liskers"; basically folk just learning about the Lisk eco-system and making their first use of the Lisk hub, wallets etc. It was anticipated that 25 such Liskers were to attend, however it ended up being 30 that arrived, as some brought friends along. With Lisk delegate bigfisher present the presentation began and so the audience were lead through a comprehensive overview of how the Lisk project operates in regards to voting, dividends etc.
Following that the first guest speaker of the night from outside the Elite group was Mr Tianyu Zheng, COO of ChainBow.io. ChainBow is a multi- currency crypto wallet that also provide smart contract enhancement on BlockChain. It allows users to fully control the mnemonic and private key of the APP wallet and boasts multi-level security protection.
The second speaker was Mr. Brady Luo, everiToken Founder & CEO, who gave a detailed presentation of what everiToken is doing at present, and its future plan in Japan. EveriToken describes itself as the world’s first token-customized public chain for the token economy, and aims to provide the global infrastructure for the token economy. Of interest to liskers is that the everiToken public chain adopts the “DPOS+PBFT” consensus algorithm. That is Delegated Proof of Stake + Practical Byzantine Fault Tolerance. Essentially, all of the nodes in the pBFT model are ordered in a sequence with one node being the primary node (leader) and the others referred to as the backup nodes. All of the nodes within the system communicate with each other and the goal is for all of the honest nodes to come to an agreement of the state of the system through a majority. Nodes communicate with each other heavily, and not only have to prove that messages came from a specific peer node, but also need to verify that the message was not modified during transmission. It is claimed that one of the primary advantages of the pBFT model is its ability to provide transaction finality without the need for confirmations like in Proof-of-Work models such as the one Bitcoin employs. If a proposed block is agreed upon by the nodes in a pBFT system, then that block is final. This is enabled by the fact that all honest nodes are agreeing on the state of the system at that specific time as a result of their communication with each other.
The final speaker of the night was not physically in attendance at the venue, however he had prepared a quirky computer-animated video message that was played to all at the meetup. This was Richard Jarritt, Co-Founder and Chief R&D Officer of GNY.io, the project bringing Machine Learning to Lisk in the form of the LML sidechain (Lisk Machine Learning). After his hellos to the Japanese Liskers, Richard spoke about the team's recently released world’s first demo of the truly decentralized machine learning platform within a blockchain. He said he believes it is going to be a bright 2019 for all involved with Lisk. He also said the GNY team are looking forward to listing both LML and GNY tokens on the newly launched EliteX Exchange, and to celebrate this upcoming occasion that he was airdropping LML and GNY tokens to everybody in the venue that night. A nice touch, and I am sure one much appreciated. Hedy from EliteX Exchange was instrumental in this and brought GNY on-board. Well done, Hedy.
Currently there are four companies working on projects in the EliteCenter Tokyo. As a Lisk incubator they also hope to attract many more projects or developers. With the release of Lisk SDK they aim to foster much more activity within the Lisk ecosystem. Seeing as how Japan is one of the pioneer countries in the blockchain and digital currency area, and how the government there also strongly supports the blockchain, Lisk has great potential to florish and grow in Japan.
A special word of thanks goes out to Zhou Zhichao, the main organiser of the EliteCenter, Tokyo, meetup, who helped me compile this piece. Zhou had this finally to say regarding EliteCenter, "In the future, we are planning to hold Lisk events every month, with the aim of attracting more Japanese Liskers and making EliteCenter a Lisker community hub in Japan."
 
That's it for today's highlights.
These highlight posts also go out daily on the….
LISK Highlights exclusive Telegram group: https://t.me/LiskHighlights
LISK Highlights Twitter : https://twitter.com/HighlightsLisk
They are are also included in my weekly roundup on the LISK Highlights Medium account and the Bitcoin talk forum's LISK thread, so keep an eye out for them on these outlets also.
Keep the faith Liskers! 👍
submitted by John_Muck to Lisk [link] [comments]

Lisk Highlights, April 12th 2019: Lisk to get a Token-driven DEX sidechain.

Hello there. Here is my selection for today's highlights and interesting items within the Lisk ecosystem and beyond.....
 

Lisk to get a Token-driven DEX sidechain.

The EliteX Exchange Beta launched over the last few days, and it has a lot going for it.
1: Incubator and community supported. The Elite delegate sponsored incubator known as Elite Center backed and provided entrepreneurial mentorship and management to EliteX Exchange. Richard from LML, Eugen from MADANA, the guys from Moosty at the Lisk Center Utrecht, and the folks from Blockvibe were selected for special praise as a mark of thanks for the advice and guidance they gave to this fledgling project. Lisk community members helped greatly too by participating in the project's research questionnaire, and by bug hunting during the alpha testnet phase.
2: Future Lisk tokens. EliteX's aim is to be the the primary exchange and marketplace to launch and trade future Lisk tokens. Right now they report they are in the process of accepting and reviewing a number of blockchain projects to list on the exchange. It is not too much of a stretch to say that we might be see LML and MADANA tokens on the exchange in the near future.
3: No transaction fees on the current trade pairs. BTC, ETH, USDT as well as LSK trading pairs are the choices currently available on the beta spot trading platform. Zero transaction fees is a big bonus during the Beta period, so you should take advantage of it while you can.
4: Further trading options on the way. EliteX aim to launch an OTC trading facility in July, followed closely by the launch of a contract trading and leverage platform later in the year, featuring a full suite of trading order types.
5: Big plans The team behind EliteX have a vision, and that is that their exchange will rank in the top 20 exchanges globally by 2021, and by 2023 will be in the top 10. Impressive if they can achieve this aim.
 
Perhaps though one of the biggest points that I feel most folk have not realised is that EliteX are working towards being the first decentralised exchange (DEX) built on the Lisk network. This will be a new token-driven sidechain for Lisk aiming to launch in late 2020. I presume that traders will be able to trade direct from their Lisk wallet; taking advantage of the added security that this provides, while retaining personal control over their private keys. If EliteX reach their aim of being one of the 20 exchanges globally by 2021, and in the top 10 by 2023, then the future looks bright for Lisk holders also.
You can visit the EliteX exchange HERE. Their representatives and community are also available to chat on their telegram HERE
Best of luck, EliteX.
 
That's it for today's highlights.
These highlight posts also go out daily on the….
LISK Highlights exclusive Telegram group: https://t.me/LiskHighlights
LISK Highlights Twitter : https://twitter.com/HighlightsLisk
They are are also included in my weekly roundup on the LISK Highlights Medium account and the Bitcoin talk forum's LISK thread, so keep an eye out for them on these outlets also.
Keep the faith Liskers! 👍
submitted by John_Muck to Lisk [link] [comments]

7 Million Book Quiz Challenge to This Subreddit

I have some interest in Bitcoin and did a quiz yesterday , giving away 7 million satoshis in the Bitcoin subreddit at the occasion of Bitcoin's founder's birthday. It took quite a while for someone to claim those funds (about $350). But the experiment worked. I had fun and learned something about this format.
I may be trying it again here now. This time with a quiz about a certain book I bought and read yesterday. Which book? You know already, if you are reading this. Here is the deal. I give 7 multiple choice questions, some of which are factual questions about the book and some of which will require voicing an opinion. The latter category will have no objective correct answer; the correct answer will just be whatever I personally feel is the best.
To claim the funds, paste together all correct answers (omitting the leading a) b) etc) with exactly one space between characters. Take a SHA 256 hash of that, then feed it as entropy in a brain wallet generating tool. This will show you the address I sent 7 million satoshis to as well as the private key needed to sweep it.
I will not explain more about the format and how to sweep the funds after you found the correct answer beyond what I said above in this original post. Navigating this is part of the challenge.
If someone finds the private key and sweeps the address in less than 60 minutes after I post the questions, we have a winner. Else I take back the funds. Either way I explain what I designated as the correct answers.
I will post the 7 multiple choice questions later in an update to this post. However, if I feel that this subreddit is not interested in the challenge, I may cancel this experiment. Anyone want to try to secure this bag?
Update: Challenge accepted. The transaction to the prize address has now 2 confirmations. Here are the questions:
  1. The author discusses AI without mentioning the singularity. Why?
a) He is unable to predict what happens after the superintelligence explosion.
b) He never heard about the singularity.
c) Robots don't vote, so he doesn't need to care about their point of view.
d) He thinks that AI will never vastly exceed human intelligence.
  1. Humanity first means many things, but the most important aspect is
a) American humans' interests come first, before American robots.
b) American normal humans' interest come first, before American elites.
c) American policy success needs to be measured by humanity factors first, not only GDP.
d) American policy needs to think of all of humanity first, not only American citizens.
  1. The discussion of the Green New Deal in the book concludes that
a) This will be an essential part of creating new jobs.
b) What discussion? The book ignores the Green New Deal.
c) The Green New Deal is a socialist conspiracy to come after our hamburgers.
d) The Green New Deal is way too ambitious. It will never gain bipartisan support.
  1. Universal Basic Income almost became law in 1971. It failed because
a) The Republican leader of the Senate refused to call a vote on the legislation.
b) The Republican minority in the Senate blocked a vote on the legislation with the filibuster power.
c) The Republican president vetoed the legislation.
d) The Democrats in the Senate blocked the legislation.
  1. For people paying income tax, the Universal Basic Income will be a tax cut. This will be financed by
a) Introducing a value added tax, shifting taxation from income to spending.
b) Increasing the federal deficit.
c) Printing more dollars.
d) Taxing robots.
  1. If the winner wants to pass on the funds to help the campaign, he should
a) Donate to the campaign.
b) Burn the funds to the AndrewYangForPresident2o2o Bitcoin burn address.
c) Use the funds for local activism.
d) Buy the book in bulk and distribute to friends, to help with the bestseller ranking and with spreading the message.
  1. A different good title for the book would be
a) We're Fucked.
b) The Coming Collapse.
c) Challenge Fucking Accepted.
d) Normal Strikes Back.
Update 2: For some reason all question numbers are displayed as "1". I won't try to fix that now, since it does not influence claiming the prize.
Update 3: I have claimed the funds back just now. Failed to get a winner this time, sorry. Of course it is still possible that someone sweeped the address at the same time as me and gets confirmed earlier. Will update later on correct answers and what I learned from this second experiment with the format.
submitted by AoiNakamoto to YangForPresidentHQ [link] [comments]

North Korea Wants Its Own National Crypto, CBDC Fever Spreads In Asia

North Korea Wants Its Own National Crypto, CBDC Fever Spreads In Asia
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News by Cointelegraph: Julia Magas
It seems that a movement to create a national cryptocurrency is gaining momentum in Asia. Following China, the North Korean authorities announced their readiness to issue digital money and even indicated the availability of all required resources — both technical and human — to implement this task.
Will the government of the most isolated country in the world go further than its Asian neighbor, or is this just another attempt to scare the United States? Among the reasons for issuing a North Korean digital coin, experts name the circumvention of Western sanctions, money laundering, speculation and even the manufacturing of weapons of mass destruction.

All for cryptocurrencies?

In recent years, North Korea has become very interested in creating its own cryptocurrency and has a sufficient level of competence to move forward with this plan, as Alejandro Cao de Benos, a Special Delegate of the Committee for Cultural Relations with Foreign Countries for the Democratic People’s Republic of Korea, said.
According to Cao de Benos, local experts are now studying various digital assets in order to determine which of them the value of the future cryptocurrency should be tied to. He also said that there were no plans for it to be backed by the North Korean won and that it will be “more like Bitcoin or other cryptocurrencies.”
But that’s not all. On Sept. 10, Cao de Benos tweeted that the North Korean authorities have allowed citizens to own cryptocurrencies, and local developers “are designing crypto wallets and other related apps right now.”
It was also reported that other countries have helped North Korea in the technical implementation of its initiative. In particular, Cao de Benos referred to several foreign companies that have already signed contracts with the DPRK authorities for the development of blockchain systems for education, health care and finance sectors.
Although he didn’t provide any names, the Korea Development Bank (KDB) had pointed to the IT firm Joseon Expo a year earlier. The company allegedly created a platform for the exchange of cryptocurrencies between interested parties on the order of the North Korean authorities.
Despite bold statements by Cao de Benos, at the official level, the DPRK has so far refused to recognize or refute information about the intention of the country’s administration to issue a national cryptocurrency.

Why North Korea may need its own cryptocurrency?

According to Kayla Izenman, a research analyst at the Center for Financial Crime and Security, the country has the necessary experience and resources to launch its own cryptocurrency. As for the reasons behind the initiative, experts tend to mostly come up with negative scenarios — from bypassing the international sanctions and money laundering to speculation and financing the weapons of mass destruction.

Bypassing U.S. sanctions?

According to many media outlets and Cao de Benos himself, Pyongyang needs digital assets to circumvent international sanctions. With its own cryptocurrency, the DPRK may be able to break away from the international financial system dependency. In an interview with Cointelegraph, Cao de Benos noted two other advantages of cryptocurrencies — transaction speed and convenience — as an additional argument in favor of the initiative.
Analysts believe that for Pyongyang, digital money is a new way to circumvent sanctions because they are “harder to trace, can be laundered many times, and are independent of government regulation.” This means that the DPRK may have the opportunity to trade with many countries around the world.
Sean King, vice president of the Park Strategies consultancy in New York, pointed out the “sanctions-proof” nature of cryptocurrencies, while Steven Kim, a researcher at the Jeju Peace Institute in South Korea, said:
“The cryptocurrency is the ideal form of money for North Korea because it can be moved quickly and anonymously across borders and can be used to buy goods and services online or converted to hard currency.”
While evading U.S. sanctions is the key factor behind the North Korea’s crypto initiative, Jason Tucker-Feltham, founder of blockchain security firm London Crypto Services, suggested to Cointelegraph that U.S. sanctions “have led the country to pursue alternative means of value transfer,” but this may not be the only benefit of digital assets noticed by North Korea. He went on:
“Economies and central banks for which no US sanctions are in place (e.g. the IMF) have expressed interest in developing their own crypto-assets, meaning that the benefits in utilising DLT extends far beyond bypassing traditional payment mechanisms.”
Moreover, as many analysts claim, North Korea may be backed by other countries — such as Iran, Russia or Venezuela — which are already exploring national digital assets to bypass the U.S. sanctions.
Cryptocurrencies allow for independence, which makes it almost impossible for the U.S. financial regulators to trace or control such forms of money. It’s therefore possible to transact cryptocurrencies on unregulated cryptocurrency exchanges that don’t force users to pass Anti-Money Laundering (AML) procedures. This makes it easier for hackers to freely and anonymously exchange their digital assets.
Moreover, it’s the U.S. authorities that forced North Korea to use cryptocurrencies, as suggested by Jose Pagliery, a CNN investigative reporter, who said, “The UN and the international community have locked them out of banks so whereas they used to hack into the SWIFT system in banks.”
Some experts claim North Korean hackers need and allegedly already use more transparent cryptocurrencies than Bitcoin (BTC) to bypass the sanctions. Izenman named Monero (XMR) and ZCash (ZEC) in particular:
“Cryptocurrency especially if you’re using such coins as Monero or ZCash that are privacy coins that aren’t as transparent as Bitcoin can be used and traded. And they don’t need to go through the fiat system, they don’t need to touch the dollar, they don’t need to touch a bank.”

Speculation

Being a country with a fairly low GDP ($28 billion compared to South Korea’s $1.54 trillion), North Korea has long been looking for and applying various ways to raise foreign capital. And cryptocurrencies are no exception.
It is being widely reported about how the DPRK uses several methods to obtain digital coins — from mining farms and masternodes to cryptojacking and participation in new, promising projects. Specifically, North Korea began mining Bitcoin in May 2017, which coincided with the rise of Bitcoin. Steven Kim, a researcher at the Jeju Peace Institute in South Korea, said, “If there is a way to exploit cryptocurrencies for financial gain, the DPRK will figure it out and move aggressively to do so”
Many analysts noted cryptocurrency’s liquidity as a decisive factor in Pyongyang’s interest in accumulating and creating digital assets, including CNN’s Richard Quest:
“There’s also reason for them to hack into the mining of Bitcoins and steal those Bitcoins as well because the price has been skyrocketing. […] This is quite liquid. They can cash those Bitcoins out on the market and get dollars.”
Recently, financial crimes and AML experts Lourdes Miranda and Ross Delston released a detailed explanation of how the DPRK can use cryptocurrency for money laundering, which was later removed, however, from the website. In response to the question whether North Korea could create its own blockchain for manipulating crypto transactions domestically, they both answered, yes.

Nuclear weapon financing?

North Korea began looking for ways to finance military programs back in the 1970s, when the country was on the verge of default. As a result, a new structure was established, aimed at getting foreign currency for the DPRK authorities. According to a report prepared in 2007 for the U.S. Congress, such activities helped North Korea raise $5 billion.
On Aug. 13, the United Nations Security Council released an expanded report, according to which the amount of funds stolen by North Korea reached $2 billion. The authors of the report claimed that the government of Kim Jong Un hacked the accounts of banks and cryptocurrency exchanges in 17 countries in order to finance weapons of mass destruction programs, claims which the North Korean regime strongly denied. At the same time, cyber attacks were reportedly carried out under the leadership of the country’s General Bureau of Intelligence.
The U.S. and South Korea believe that the DPRK’s online army consists of 20 to 30 elite cyber saboteurs specializing in cryptojacking. According to general estimates, the total number of cyber specialists may vary from 1,800 to 6,000 hackers.
The North Korean government itself rejects such allegations. Speaking with Cointelegraph Cao de Benos called such statements “ridiculous”. He added:
“The DPRK is already a nuclear power and we have enough to secure the safety of the country. This is why we are in negotiations with the USA.”
Meanwhile the local media says that the country has nothing to do with attacks on cryptocurrency exchanges and, furthermore, doesn’t support any hackers. In particular, a representative of the DPRK National Coordinating Committee on combating money laundering and financing of terrorism said:
“Such a fabrication by the hostile forces is nothing but a sort of a nasty game aimed at tarnishing the image of our Republic and finding justification for sanctions and pressure campaign against the DPRK.”

Money laundering?

In their report, Miranda and Delston say that they are sure that Pyongyang is developing its own cryptocurrency in order to cash out money:
“DPRK can create their own cryptocurrencies or use established ones like Bitcoin. Having their own cryptocurrency would also facilitate their ability to open online accounts under the guise of a non-adversarial nation using anonymous communication to conceal the user’s locations and usage on the internet.”
The most difficult part in such a process, according to experts, is converting cryptocurrencies into traditional fiat funds anonymously. And North Korea’s own cryptocurrency system would most likely be able to solve this issue, as suggested by Miranda and Delston:
“For example, DPRK could open an online wallet using a Russia-based service, transfer its cryptocurrency into a Bulgaria-based wallet service and then transfer it again into a Greece-based wallet service, all through anonymous communication and using their own blockchain.”
In a conversation with Cointelegraph, Tucker-Feltham explained why North Korea would likely build a private blockchain that wouldn’t be similar to Bitcoin:
“In view of it being a fully public blockchain, the Bitcoin network is poorly suited for facilitating money laundering, as upon identifying the owner of one public key all associated transactions can subsequently be traced. Furthermore, there is a blossoming industry in chain-analytics that looks to track behaviours on public blockchains. Such traits underpinning the Bitcoin blockchain may have factored into the decision to develop an entirely new blockchain; were North Korea to be developing a crypto-asset with the intention of its being untraceable, it stands to reason that their blockchain will not be public.”
When asked by Cointelegraph to comment on this rumor, Cao de Benos said:
“As for money laundry that’s another stupidity. We don’t need to launder anything because the DPRK is the most sanctioned country in the world and we are not able to trade and use the traditional financial system.”

What are they doing at blockchain conferences?

Along with the active exploitation of cryptocurrencies, DPRK authorities are conducting closed blockchain conferences and training courses. Specifically, in 2017, Pyongyang University of Science and Technology held an accelerated cryptocurrency course for elite students, taught by Federico Tenga, an Italian developer. Tenga himself declined to comment on the news about the North Korean cryptocurrency, explaining that he had previously had trouble after communicating with DPRK journalists.
In April of this year, North Korea held the nation’s first international conference on blockchain technology and cryptocurrencies, bringing together foreign experts from around the world. It has been reported that participants paid 3,300 euros for the program, which included a tour to the demilitarized zone dividing North and South Korea. Nevertheless, there are no independent sources that would confirm how successful the conference was — as access was denied to any outside observers.
The organizers themselves said that the first event was so successful that they decided to hold a second one in February 2020. The conference is scheduled to last eight days and surpass the previous event in its scope. Cao de Benos emphasized that the event will see a big number of Korean government officials:
“The conference serves as a meeting opportunity but from there we will develop long lasting collaboration and business with professionals and companies. The participants in the Korean side are all working for the government in different important institutions in finance, logistics, trade, etc.”
Meanwhile, participation is still prohibited for citizens of South Korea, Japan, and Israel, while U.S. residents are allowed to attend the conference. Those wishing to attend will need to send a CV, a passport scan and home address, though it’s not clear where this all should be sent, as there are no official email addresses or websites.
Independent and anonymous analysts in South Korea believe that the main objective of the Pyongyang Blockchain and Cryptocurrency Conference is to show that North Korea will develop and promote cryptocurrencies if the U.S. does not begin to move forward in bilateral negotiations.
Some in the media have said it is very likely that Russian experts will appear at the conference, which will testify to the seriousness of the cryptocurrency activities of the DPRK as a whole.

So, will a crypto be released?

Independent experts argue that Pyongyang has both the necessary resources and the technological experience to successfully develop a state cryptocurrency. Martin D. Weiss, the founder of Weiss Ratings, said in a conversation with Cointelegraph that there is every chance it could happen:
“The question is whether it would be possible for adversarial or rogue nations to use state-backed digital money to help establish an alternate system of international transactions, thereby weakening the West’s ability to use sanctions as leverage against them. The answer is yes, provided they can handle large volumes.”
Weiss also noted that in the future, some countries could unite and create a single payment system based on cryptocurrencies. Meanwhile, representatives of the state-run Korean Development Bank expressed a completely different point of view in their report, referring to the country’s shortage of quality experts, computers and electricity.
Also, according to a senior fund manager at a U.S.-based investment bank in Seoul, the DPRK’s closed internet network may interfere with the implementation of the government’s plan, “Because only limited Web access is available in the North, Pyongyang can’t take advantage of cryptocurrencies in terms of unrestricted and anonymous transactions.”
Whether a national cryptocurrency would help North Koreans get out of its current economic troubles remains under question, considering other countries’ experience in this direction. For instance, attempts by Venezuela to save its economy with the state-owned cryptocurrency Petro haven’t yet yielded any obvious success.
Pyongyang may also have to convince partner countries to use its new cryptocurrency to circumvent Western sanctions. And this is not so easy to do when companies around the world use the U.S. dollar, according to Annie Fixler, a sanctions and illicit finance expert at the Washington, D.C.-based think tank Foundation for Defense of Democracies, who said:
“Washington’s use of sanctions now is reliant on the dollar’s role in the global financial system — U.S. sanctions have significant secondary effects because non-US banks can’t risk losing access to dollar transactions by doing business with sanctioned persons.”
submitted by GTE_IO to u/GTE_IO [link] [comments]

How is a DAE Different from a DEX?

How is a DAE Different from a DEX?
Let’s play a game where I propose a statement and we respond together. Ready? Do you like the idea of keeping all of your money in one place for hackers to steal? No. Is the idea of letting someone else control your cryptocurrency appealing? No. When your crypto exchange goes down due to maintenance or server problems, is that enjoyable? No.
Maybe you can guess where this is going, especially if you agreed with all of the provided answers above. In the modern market, it seems like the main reason centralized exchanges remain so popular is mainly due to one thing: convenience.
With that in mind, if there was a way to make decentralized exchanges better, would you start using them?

What exactly is a DEX?

A DEX, by definition, is a decentralized exchange that matches pairs of users looking to trade and allows them to trade without an intermediary institution taking control of their funds. This type of decentralized exchange is more in line with how cryptocurrencies work, but up until the recent past, they were pretty awkward to use.
There are a few DEXs that dominate the market: Changelly, IDEX, and Shapeshift. All of these DEXs operate using similar concepts. The most important thing is that they all operate in a decentralized, non-custodial fashion and, ideally, they never directly control a user’s funds. The benefits of a DEX are that they offer anonymity, give users control over their funds, are more resistant to hacks, typically have far less downtime (thank you, decentralization!), and they usually aren’t controlled by a small cabal of elites.
Anyway, they fall short when compared with centralized exchanges in terms of user-friendly interfaces, trading tool options, liquidity, latency (no thanks to you, decentralized nodes), and preventing front running.
Between the three aforementioned DEXs, there are some slight differences that set each apart. Changelly, for instance, allows a flat-fee rate on all trades to make it as simple as possible for their users to calculate the cost. Shapeshift, on the other hand, gives its users a few different trade speeds – basic “quick” trades and more targeted “precise” trades to help combat slippage. IDEX may be the most user-friendly of the three since it looks like a traditional exchange, but it operates in a custodial fashion that isn’t ideal. They give users the ability to easily trade ERC20 tokens via peer-to-peer, but they have to deposit coins on the exchange to do so.
As you can see, they all try to copy specific perks to compete with the traditional centralized exchanges when in reality the answer might be a different approach entirely…

Digital asset ecosystem (DAE)

As the market has grown, so has the innovation and creativeness of developers and blockchain-based companies. A DAE is an ecosystem where a DEX can thrive. The DAE brings more functionality to the DEX, since it pairs the decentralized exchange aspect with other desirable programs, dApps, and features.
As with DEXs, there are many different DAEs in the field at the moment. Three major ones that are making a big impact on the scene are Volentix, Vite, and LocalCoin. It shouldn’t be a surprise that they’d all have their own individual perks just as various DEXs do. However, the differences are a bit more pronounced.
Volentix has a large assortment of features for users to use: Verto (multi-currency wallet), Venue (community-building platform), Vespucci (crypto rating agency), VDEX (decentralized exchange), Valoro (news platform), and VTX (digital asset). In the Volentix world, these all come together to give users a broad range of services to manage and interact with their cryptocurrencies. One neat aspect is that Verto can interact with nearly any blockchain, which really opens up VDEX’s functionality for users.
Vite, the simplest of the three, offers users a platform, an exchange, payment abilities, and a wallet (in the event that they don’t have their own). It links all of these features together on a decentralized network, and opts for simplicity and speed over enhanced user features. This tradeoff is risky, but it might be ideal for the users who don’t want all the bells and whistles.
LocalCoin is kind of like the well-known LocalBitcoins, but bigger and more decentralized. They give users a way to interact with a ton of decentralized companies and dApps, and they rely on over-the-counter trading instead of a DEX. LocalCoin, since it is a conglomerate of companies, gives its users access to a bank, a messaging app, a social network, an ICO accelerator, and third-party DEXs – all of which are based on the blockchain.
Out of all these DAEs, Volentix offers the most comprehensive suite of features to help users get the most out of their DEX experience. Changelly might uphold the basic requirements of a DEX but is it enough on its own? Or do we need an infrastructure similar to what Volentix proposes, especially for providing a seamless experience for users new to DEXs?

Getting the full package

DEXs are the future, without a doubt, but will DAEs have a place alongside them? DAEs are, afterall, just a more functional DEX. But whether or not we need the additional features is still up for debate. Looking at Volentix and Changelly gives us an idea of how these two different concepts rank up.
When it comes to decentralization and security, Volentix and Changelly compare pretty evenly – the main difference being that Volentix offers a cross-blockchain wallet that is integrated with their platform that makes it easier than ever to manage ALL your crypto in one place. Ease of use is also fairly even between these two, as they both require a bit of a learning curve for new users. It could be argued that since Changelly is a more simple platform it pulls ahead in ease of use, but once you learn how to use a DEX you could easily transition into a DAE. Unfortunately, we are still in the early stages with DAEs, so even though a lot of what Volentix offers on paper looks great, we have yet to see it in action. Changelly is already up and running, so it is just a matter of encouraging users to shift to a DEX to help their platform grow.
Between the two concepts, DAEs, and DEXs, it really boils down to how much the user wants. Do they want a one-stop-shop where everything they need is integrated into a decentralized ecosystem? If so, then a DAE is definitely going to be more preferable. But first, the users need to make that first step and be willing to transfer from the ever more insecure centralized exchange world to a more decentralized solution.
https://preview.redd.it/8t6zx2wx1ti31.jpg?width=800&format=pjpg&auto=webp&s=b60889dc01ea58a19afd2d160ad22a545043241c
submitted by sikandarA to btc [link] [comments]

A crypto with an actual purpose? Count me in

I first heard of Ripple a few years ago and it immediately stood out from other crypto at the time. Why? Because proselytizers of other cryptos almost universally have a mindset that crypto will completely upend the financial system. This seemed blatantly absurd. Why would the political and financial elite allow their power to be taken from them? It simply cannot and will not happen. It doesnt matter how secure the protocol is, one swipe of the pen from legislators and it's illegal to accept or trade bitcoin. Illegal to trade means it's worthless as a currency, since it's hard to get and even harder to get out. Out of all the cryptos i read about at the time, Ripple seemed the most practical with the most utility.
The other issue with other crypto is their utility is severely lacking. Bitcoins original utility was being used on darknets, but that will soon be a thing of the past, and other more anonymous crypto will bump it out of the top spot in the next 6 months.
What does bitcoin do? No one uses it. It will never be used widely in the capacity is was designed for, because no one is going to spend a coin that might be worth twice as much tomorrow. It actually CAN'T be used widely because of the limitations of its protocol.
I received free ripple at that time, can't remember how much, but lost interest and lost my password/ID. Probably not recoverable, right?
Anyway, now that I hear ripple is poised to actually be used by banks to increase efficiency (and thus profit) I feel it's pretty much a certainty there is value in it. I'm going to buy some.
I live in Canada. Recommended wallets? Recommended exchanges? Recommended security reading? Thanks!
submitted by giannipunawny to Ripple [link] [comments]

Two Israeli Brothers Arrested for Hack of Bitfinex Crypto Exchange

Two Israeli Brothers Arrested for Hack of Bitfinex Crypto Exchange
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Two Israeli brothers have been arrested in connection with the hack of cryptocurrency exchangeBitfinex and other crypto-related phishing attacks, finance news outlet Finance Magnates reportson June 23.
An Israeli police spokesperson reportedly told Finance Magnates that Eli Gigi and his younger brother Assaf Gigi netted tens of millions of dollars. The two are suspected of being responsible for long-term systematic theft of cryptocurrencies by maliciously obtaining access to other users’ accounts.
The two allegedly created credential-stealing clones of major online cryptocurrency exchanges and wallets and sent links to those phishing sites on Telegram groups and other cryptocurrency-related communities. The two are also accused of being responsible for the 2016 Bitfinex hack, which saw multiple accounts being compromised.
As Cointelegraph reported at the beginning of June, the funds stolen in the attack above have been recently moved.
The police noted that the alleged victims were mostly based out of the European Union and the United States, which resulted in the matter being investigated by multiple law enforcement agencies in several countries.
During the raid, the police reportedly found a cryptocurrency wallet containing significantly less funds than the amount that the two are believed to have stolen. Finance Magnates also notes that Eli Gigi is a graduate of an elite technological unit of the Israel Defence Forces that selects youth with outstanding academic capabilities.
As Cointelegraph reported earlier this week, a recent Firefox zero-day security flaw was used in attacks against major crypto exchange and wallet service Coinbase. The flaw was purportedly merged with another zero-day flaw targeting Coinbase employees, meaning that there were two separate attacks.
While Coinbase was affected, the exchange’s security researcher Philip Martin stated that Coinbase was not the only crypto-related company targeted in the campaign and that there was no evidence of the campaign targeting exchange customers.
submitted by Rajladumor1 to omgfin [link] [comments]

1,000,000 Euro/Hour...ORBIS is on Fire!

The much awaited ORBIS STO is here and as expected, we’re on fire! As expected, we’re getting overwhelming reception from crypto enthusiasts and even new comers in the crypto space.
When the team met way back last year, we’ve never imagined that we’ll get to this stage. There were several obstacles along the way. In our minds, we all wanted to be true to the original Bitcoin creator Satoshi’s vision. We’ve seen a lot of other coins in the FinTech category. There are so many crypto projects which aim to change the world of finance. However, we’ve also seen all their shortcomings. Most of these projects fail to bridge the gap between traditional finance and the cryptocurrency market, making it hard for ordinary people to make easy transactions.
It’s so amazing that when we first met, all team member recognized this truth and in no time, we all had the same vision…to change the world of FinTech and to create an ecosystem which will make it a lot easier for people to use cryptocurrency in their everyday lives.
Finally! Our STO is live and now, we’re opening our door to new investors. Here’s your chance to take part in our amazing journey. The ORBIS is no ordinary coin, it is a security coin backed by the Orbis company assets. If you’re concerned about security of investment, ORBIS is the best option. When we release this coin to the market, starting price will be 0.5 euros plus, its value is expected to rise as it was created to withstand market crashes.
When you buy ORBIS token, you will receive it directly in your ORBIS wallet so you don’t need to wait. There’s also no KYC involved as we made sure our coin follows regulations of different territories and jurisdictions.
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submitted by OrbisTransfer to u/OrbisTransfer [link] [comments]

OOOBTC PROJECT OVERVIEW

OOOBTC PROJECT OVERVIEW
https://preview.redd.it/t21ajz7nkr031.png?width=500&format=png&auto=webp&s=a52ee549859ce7dd895aa4cf72efa71604dd9f48
Blockchain technology brought about by Bitcoin makes it possible for individuals and organizations to run a currency known as digital currency as an application on a network in a decentralized manner. This technology gives individuals the opportunity to create their own specialized cryptocurrency for laudable projects and also give other individuals the opportunity to key into such projects by purchasing tokens of projects that interest them.
Individuals can mint cryptos and other individuals can own such cryptos by taking part in crowdsales and ICOS. But all these cryptos are useless without an exchange. An exchange is a platform that functions as a market place where cryptos are listed and cryptos users or holders are given the opportunity to exchange one crypto for another or convert their cryptos to fiat currency. There are many of such exchanges in existence but these exchanges are not devoid of challenges. Some of the challenges faced by some of the popular exchanges in existence are limiting the mass adoption of cryptos by some well established organizations and individuals. Some of such challenges include:
Security challenges Lack of transparency in exchange operations Unauthorized freezing of users’ accounts and loss of funds Centralization Lack of regulation compliance Slow transaction speed and high transaction charges. Etc All these challenges are what OOOBTC has solved.
OOOBTC EXCHANGE PLATFORM
OOOBTC is a Singapore Based cryptocurrency exchange designed to meet you cryptocurrency needs. OOOBTC has is providing fiat and debit card system. This is a feature not provided by most crypto currency exchanges. OOOBTC debit card will enable easy withdrawal amd spending of cryptocurrency assets. This will also enable individuals with little or no cryptocurrency Knowledge to use and spend cryptocurrencies which will without doubt enhance cryptocurrency adoption. OOOBTC has various security measure in place to keep your assets safe. Security is very important part of cryptocurrency exchange. OOOBTC uses various measures like Cloud storage, 2 factors authentication the user side etc. OOOBTC is listed in CoinMarketCap and have a daily volume of over $500m. It is atop 15 cryptocurrency exchange currently.
Join the OOOBTC ecosystem by signing up : https://www.ooobtc.com/obx
OOOBTC is an entryway and trade stage for cryptographic forms of money and Crypto-biological system situated in Singapore. OOOBTC gives expanded framework capacities, for example, spot exchanging, prospects contract exchanging, over-the-counter exchanging, entire system exchanging and decentralized exchanging. Also, it fulfils the requirements of various speculators.
Our exchanging framework has a hearty security instrument and solid basic design, which furnishes financial specialists with reliable exchanging knowledge. Also, the one of a kind web based exchanging model of the ooobtc stage would productively coordinate the market profundity of real trades far and wide while giving much higher liquidity.
Depending all in all system exchanging framework, we trust the ooobtc stage will turn into the biggest liquidity supplier of advanced resources on the planet.
Professionalism - Based on the precise and secure technology, our terminal is prepared to provide reliable and quality services which make sure you are able to trade any of the OOOBTC currency pairs free from all the worries.
We have been taking variously cautious estimates like cold stockpiling framework, 2-factor verification and encryption innovation to encrypt your own record data, which enables you to have guaranteed security of your reserve. security is the most significant part of business practice. This is the reason we incorporate comparative brilliant advancements to furnish our customers with the most elevated certification of security accessible available. As of now, our one of a kind highlights include:
Pool Trading – We are fit for acquiring high exchanging volumes and creating significant benefits in the present financial exchange because of our joining with other corporate money houses and significant exchanging powers.
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Coin Suggestions – New and existing digital currencies can be submitted for thought by our locale clients by means of our site. On the off chance that we see a computerized resource getting a lot of help from its locale, we will do the due tirelessness and settle on a choice to list this advantage.
Shared Purchasing - One of the greatest preferences of our Platform is that they don’t include money related foundation delegates. For shippers, the absence of a “go-between” brings down exchange costs. All exchanges are done shared and recorded through blockchain.
Multilingual Support - OOOBTC bolsters English, Russian, Filipino, Chinese, Japanese and Korean on the majority of our UIs. (The extremely starting discharge will be in English just.) More dialects will be included with time.
OBX TOKEN
OBX is the platform’s utility token, it is an ERC-20 token, which has been listed on exchanges and can be used for a lot of transactions. And can be transferred to different Ethereum wallets. The OBX attracts dividends from the exchange, when held on the exchange for some time.

https://preview.redd.it/d7q4bepokr031.jpg?width=668&format=pjpg&auto=webp&s=bfd8e153d4b0859d394a78a9abb191b7170333bf
CONCLUSIVELY, OOOBTC is proffering solution by creating a revolutionary exchange platform to revolutionize the cryptocurrency exchange market. This exceptional platform is operating the largest volume digital asset exchange in the world, This is absolutely the future, join this revolutionary project today and be glad you took the step in the right direction. Take full advantage of our leading technology quickly and we can build the largest market for digital assets ever.
ROAD MAP
https://preview.redd.it/xstd5hlpkr031.jpg?width=673&format=pjpg&auto=webp&s=1b0e75779f1e07104e299cd1f4ee2dc5542b14de
For more information please visit the links i have provided below;
Website: https://www.ooobtc.com/trading
Whitepaper: https://www.ooobtc.com/assets/whitepapeobx.pdf
Twitter: https://twitter.com/ooobtcExchange
Facebook: https://www.facebook.com/ooobtcExchange
Telegram: https://t.me/ooobtcExchange
BitcoinTalk ANN:https://bitcointalk.org/index.php?topic=4768339
Github https://github.com/ooobtc
Author: BrainerdPaul BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409 ETH Address: 0x1461b1E13ac15B849B8fa54DcFa93B3961992642
submitted by Brainerdpaul to u/Brainerdpaul [link] [comments]

Eat a D, BTC. Conversely, support VRC with me and make gainz like it's BTC in 2010 all over again.

VRC = Vericoin. Vericoin is a Proof of Stake Currency that can be purchased on Bittrex. Vericoin is unlike any other Proof of Stake coin because it pairs its blockchain with a Proof of Work blockchain (Verium Reserve), which allows Vericoin to be more secure than just about any other Proof of Work coin. Oh and it's totally decentralized.

Proof of Stake is the future. With Proof of Stake, you earn coins every single day by simply keeping coins in your wallet and keeping your wallet open on any computer as low powered as a potato. The computing power does not matter for the amount of coins earned per day, but instead the amount of coins in your wallet and the length of time that they have been staking.

The only down side to Proof of Stake is that it isn't as secure as Proof of Work. But you see, Vericoin thought of this. Vericoin has a sister coin called Verium Reserve which is Proof of Work. The two blockchains are interwoven for lack of better terms and thus piggy back off each others strengths. This allows Verium Reserve mining hash power to secure the network for Vericoin making transactions even faster and allowing the network to be as secure as a Proof of Work network.

Why support a coin like BTC where you need a $3,000 miner to secure the network? With a proof of stake coin like Vericoin, the lowest powered PCs can secure the network just as well as a super computer. And Vericoin, despite being completely unique in it's own way and superior in technology to BTC, has a market cap of less than 2 Million... yes, less than 2 Million! This bear market sucks, but if we pool our interest into something unique and better than the status quo, then Vericoin can rise with the cream of the crop in crypto and we can make hella gainz, even in this shitty bear market.

Quit allowing the ugly pig Bitcoin to control everything. Quit allowing the 16 people that bought in 2010 keep telling you that for crypto to succeed, then it has to be Bitcoin - that's bullshit. For crypto to succeed, we need to quit putting lipstick on a pig and support something that was built after Bitcoin and can scale to support the world's needs and also allow anyone to participate in the minting of coins, not just the elite.
submitted by c0ltieb0y to CryptoCurrency [link] [comments]

Which security for your Bitcoin ? Pick the right wallet ... What is Bitcoin and How To Secure Your Bitcoin Wallet Airbitz - Bitcoin Wallet Security, Privacy, & Ease of Use ... Add an Important third dimension of security to your ... How Bitcoin Wallets Work (Public & Private Key Explained ...

A Bitcoin wallet is a main source by which you can interact with cryptocurrency, means without bitcoin wallet you can’t send or receive Bitcoin money. How Bitcoin wallet send and receive Bitcoin? Let me show you, how bitcoin wallet works by simple example, In normal life when we need to identify any entity or person then we need one specific ... Bitcoin is the same strategy on a financial level. By using Bitcoin you’re giving up your private financial information voluntarily. All your bitcoin transactions are on the blockchain's public ledger that can easily be traced. Bitcoin exchanges & wallet services are already under the surveillance of this American intelligence agency. The Financial Products offered by the company include Contracts for Difference (‘CFDs’) and other complex financial products. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. Bitcoin Gold, the site's wallet used in the scam, began investigating shortly after, but the site remains controversial. Still, firm released a warning to bitcoin investors. Bitcoin is based on a protocol known as the blockchain, which allows to create, transfer and verify ultra-secure financial data without interference of third parties. Our mission as an official partner of Bitcoin Foundation is to help you enter and better understand the world of #1 cryptocurrency and avoid any issues you may encounter.

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Which security for your Bitcoin ? Pick the right wallet ...

1:00 Why Are Cryptocurrency Hardware Wallets So Important? 4:41 What Are The Differences Between Cold And Hot Wallets for Bitcoin? 7:22 Is Anything 100% Secure? 10:10 How Does Your Graphene Secure ... Your crypto wallet security depends completely on keeping your private key or seed phrase safe from loss, theft or destruction, and there are quite a few devices to help you do this. However, this ... Bitcoin security? UGH!!! Bitcoin does so many things better than banks (trusts, escrows, programmable money, cheap transfers, instant accounts, etc.), but on... Wallets in cryptocurrency work in a weird way. They also have some weird properties like: they can be created offline and be used directly. Whut? Let's see h... Presentation of the various types of bitcoin wallets and how each one balances security, privacy, and ease of use. Presented by Paul Puey, CEO of Airbitz htt...

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