Bitcoin, Central Bank Digital Currencies, and the Future ...

Market Weekly Report - Week of 20/04/2020

Market Weekly Report - Week of 20/04/2020
P95G Market Weekly Report

BTC/USD hourly chart
The Bitcoin price continued to go sideway during most of the week, as volatility has decreased. The price dropped to $6,500 at one point, and was able to recover and reached $7,200 toward the end of the week. It will retest the $7,400 resistance level again soon, with the current support at $7,000.
The BTC price at $7,400 is a key level. If the price breaks above $7,400, it will likely reach $7,650 and test $8,000. However, if the price retraced without breaking through $7,400, it could fall below $7,000 and start a new downward trend.
Reviews of the week:
According to CoinMetrics, USDC’s market capitalization, which equals the amount in circulation since it trades at par for dollars, has jumped 65 percent, from $444 million on March 1 to $734 million at press time. Jeremy Allaire, the Circle CEO and co-founder, explains that as the global coronavirus crisis is accelerating mainstream adoption of blockchain technology, the startup’s new business model has received an unexpected boost, and this time much of the demand is for payments in normal business transactions, not just to move money quickly between cryptocurrency exchanges. As a stablecoin, USDC is designed to hold its value against the dollar, and backed by real-world dollars held in a bank, for which it can be redeemed on demand. Referring to the stablecoin Circle issues in partnership with Coinbase, he said the past several weeks’ explosive interest and growth in USDC have been witnessed: “there is clearly very significant global demand for digital dollars and the use of digital dollars as a new payment medium.”
DCEP (Digital Currency Electronic Payment, DC/EP), which is the name of China’s official central bank digital currency (CBDC), has surfaced with its first mobile wallets being tested at Agricultural Bank of China (ABC). DCEP is reported already in the advanced testing phase in four Tier 1 and Tier 2 cities: Shenzhen, Xiong’an, Chengdu and Suzhou and it is positioning as replacement of M0 and using a two-tier operation delivery system. It shows that it will have the possibility to send and receive offline payments and it is not using a typical blockchain but more of a distributed ledger technology (DLT) style protocol. China is making giant strides in advancing with blockchain technology since China’s president Xi Jinping announced blockchain as one of the country’s technological priorities and advocated to “seize the opportunity” last year.
Disclaimer: The above market commentary is based on technical analysis using historical pricing data, and is for reference only. It does not serve as investment or trading advice.
About Coinviva:
Coinviva aims to create the best crypto financial services ecosystem for both institutional and individual investors. We provide reliable fiat funding options, excellent trading liquidity, bank security level custody and one-stop high liquidity provision on-site & off-site. Our founding management team all come from top tiered investment banking (e.g. JP Morgan, Morgan Stanley, Bank of America Merrill Lynch), with fully comprehensive financial institution operation experience.
Homepage: https://coinviva.com/
Telegram: https://t.me/coinviva

submitted by Coinviva to u/Coinviva [link] [comments]

Welcome to the Official Energi Cryptocurrency Reddit!

Welcome to the Official Energi Cryptocurrency Reddit!

https://preview.redd.it/wgriag3ha9w21.png?width=200&format=png&auto=webp&s=a81a3e58f1413ee833fe2ecac63b3347afd52413

Hello and welcome to the Official Energi Cryptocurrency Reddit!

Below you will find a Table of Contents that will go over what Energi is and the fundamentals of the cryptocurrency.

Table of Contents

  1. What is Energi?
  2. What are the Fundamentals of Energi?
    1. Scalability
    2. Funding
    3. Governance
    4. Inflation
    5. Distribution
    6. Decentralization
    7. Long Term Vision
  3. Coin Specs
  4. How to Get Started
    1. Official Energi Website
    2. Energi Earndrop Campaign
    3. Social Media
    4. Exchanges
    5. Energi Block Explorers
    6. Wallet Downloads
    7. Proof-of-Stake Setup Guides
    8. Masternode Setup Guide
  5. FAQ

1. What is Energi

Energi is a self-funding (non-ICO and No Premine) cryptocurrency that has a purpose to become the world’s leading cryptocurrency with the unification of Smart Contracts, Governance & Self-funding Treasury to ensure longevity and enable rapid growth.
Energi provides a small allocation to Proof-of-Stake (PoS) rewards and takes a bulk of the coin issuance and give it to its treasury and active masternodes. Energi also allocates 10% on-going reward to the leadership of the Energi Backbone, which is significantly less compared to today’s ICOs’ rewarding their founders between 20–50% of the tokens distributed. Another trait that sets Energi apart from ICOs is they give an on-going 10% allocation through each block reward, rather than rewarding the founders up-front.

2. What are the Fundamentals of Energi?

  • Scalability
One minute block times and a 2 megabyte block size limit provide Energi with a vast transaction capacity for regular on-chain transactions. This allows for plenty of space on the blockchain for extremely fast transactions with very low fees.
Energi features a powerful on-chain scaling solution with a system of incentivized full nodes called Energi Masternodes. A masternode is a full node backed by 10,000 NRG collateral that provides level 2 scalability to the Energi Cryptocurrency. The Instant Send feature allows for instant transactions, even in times of network congestion. Transactions can be made securely and instantly ahead of the blockchain, as they are approved by a quorum of masternodes. Instant Send payments enjoy the same immutable transaction history as regular transactions, as they are later resolved on-chain as the network is able to.
40% of the inflation of Energi is allocated to masternodes, providing an extremely strong incentive to grow the number of full nodes and scalability of the network.
  • Funding
A key feature of Energi is its powerful treasury system. Energi makes up to 40% of the inflation available to the treasury, to be utilized in a manner that provides maximum benefit.
Treasury allocation is decentralized, allowing for submitted proposals from anyone, to be voted on by masternodes and paid out from the inflation.
Energi has a 14 day treasury cycle, allowing quick payments for proposal authors and contributors, as well as strategic responsiveness to effective proposals. Energi is guided by the principle that every dollar spent from its funding model, should yield more than dollar of value in return. Thanks to a 14 day treasury cycle, the Energi team is able to measure results and respond quickly to changes in strategy.
  • Governance
The Energi Treasury is a decentralized governance model designed with Masternodes as caretakers and stakeholders in Energi, with voting rights on how to best utilize treasury funding.
This governance model reduces risk in the form of allowing participation from everyone who holds 10,000 NRG. In this way, the Energi community can work together on how to best build the strategic direction of Energi.
  • Inflation
Energi Cryptocurrency has a simple rate of inflation at 1 million coins per month with no maximum cap. This ensures consistency in funding allocation, masternode rewards, and PoS rewards, making the economics of the cryptocurrency more understandable for everyone who chooses to participate in Energi.
No coin supply limit ensures that Energi is prepared for the long term, avoiding “bubble” economics caused by dramatic early inflation that in most coins only serves to benefit founders ahead of increased adoption.
  • Distribution
Energi conducted a fair launch on April 14, 2018 with NO ICO and NO PREMINE. Prior to launch, the Energi team gave a specific time and date for the launch of its main net, which its vibrant community eagerly awaited, so that mining could begin fairly, again avoiding centralization among the coin founders (It's important to note that Energi has transitioned to Proof-of-Work consensus to a Proof-of-Stake consensus).
Energi masternode payments were designed to begin at block 216000, which occurred on September 18, 2018, almost 160 days after launch. This ensured time to list Energi on exchanges, and to grow the community, encouraging fair and equitable distribution before the extremely powerful masternode rewards began. It is all too common for masternode coins to feature a premine, which has the effect of centralizing distribution among the founders and early adopters.
Energi has an ongoing Earndrop; a distribution of 4 million coins to users who contribute with social media activities about Energi, such as tweets, follows, and subscriptions on all major social media platforms. So far nearly 1 million coins have been distributed, helping to grow an enthusiastic community and serve to bring coins to the market in a way that is inspired by generosity.
  • Decentralization
Delayed masternode payments have allowed the market time to react to the future of Energi, helping to ensure a decentralized community of masternode holders.
Decentralized governance with masternodes help to ensure everyone is able to participate in Energi and help guide the project to achieve the best results.
  • Long Term Vision
All of the above features seamlessly work together in concert, to ensure that Energi is prepared for the long term. Rather than try to closely find a niche in the market, Energi is prepared to adapt and overcome all challenges for many years to come. Energi’s use case is that of a traditional cryptocurrency, such as Bitcoin. However, Energi’s strategy is to excel by avoiding the pitfalls of previous projects, while further utilizing and improving upon the most powerful ideas in the cryptocurrency space.

3. Coin Specs

Ticker: NRG
Block time: 1 minute.
Hashing Algorithm: Dagger-Hashimoto (similar to Ethereum).
Masternode requirements: 10,000 Energi.
Treasury cycle: Every 14 days.
Approximately 1 million Energi will be released per month. The allocations can be observed easily as “10/10/40/40.”
10% will go to the Energi Backbone.
10% to the PoS participants
40% to Masternodes.
40% to the Treasury.
Thus, for every block, allocations are: 2.28 Energi to the Backbone, 2.28 Energi to the PoS participants, 9.14 Energi to the Treasury, and 9.14 Energi to Masternodes.
Since Treasury allocations are paid in two-week cycles, they are made in lump sums of approximately 184,000 Energi every 14 days.
In order to allow for widespread distribution of Energi before Masternode payments begin, Masternode rewards will be delayed until day 150, this is to allow the airdrop campaign to be completed and ensure a large amount of Energi is spread out through the community. Until this point, Masternode rewards will be re-directed to the Treasury. Thus for the first 5 months, the Treasury will have approximately 368,000 Energi every two weeks (about 800k Energi per month). The airdrop campaign is designed to release ~4 million Energi to the community.

4. How to Get Started

  • Energi Official Website
https://www.energi.world/

  • Energi Earndrop Campaign
Energi chose not to premine and not to do an ICO. Instead, we will conduct multiple rounds of Earndrops to disperse rewards for people who engage with our community. In order for us to process your Earndrop info for you in a fast and efficient manner, we ask that you upload quality information. This includes clear non-mirrored pictures, readable text in images, and non-offensive usernames. Failure to upload quality information may lead to you not receiving any Earndrop rewards.
https://earndrop.energi.world/homepage

  • Social Media
Twitter: https://twitter.com/Energicrypto
Discord: https://discordapp.com/invite/sCtgNC3
Telegram: https://t.me/energicrypto
Reddit: https://www.reddit.com/energicryptocurrency/
Facebook: https://www.facebook.com/Energi-Cryptocurrency-195355164580336/
Medium: https://medium.com/energi
Steemit: https://steemit.com/@energi

  • Exchanges
KuCoin: https://www.kucoin.com/trade/NRG-BTC
KuCoin: https://www.kucoin.com/trade/NRG-ETH
CoinAll: https://www.coinall.com/spot/full#product=nrg_usdt
DigiFinex: https://www.digifinex.com/trade/BTC/NRG
Bitladon: https://www.bitladon.com/energi
BitBNs: https://bitbns.com/trade/#/nrg
Beaxy: https://www.beaxy.com/trading-paiNRG-BTC
Mercatox: https://mercatox.com/exchange/NRG/BTC
Mercatox: https://mercatox.com/exchange/NRG/BTC
Citex: https://trade.citex.co.ktrade/NRG_BTC
Citex: https://trade.citex.co.ktrade/NRG_USDT

  • Energi Block Explorers
https://explore.energi.network/
https://explorer2.energi.network/#/

  • Wallet Downloads
https://www.energi.world/downloads

  • Proof-of-Stake Setup Guides
Local Staking: https://www.energi.world/staking/
Staking on VPS: https://www.energi.world/staking-on-vps/

  • Masternode Setup Guide
https://www.energi.world/masternode-setup/

5. FAQ

https://www.energi.world/faq/
submitted by energi-rici to energicryptocurrency [link] [comments]

Navigating the Fundamental Analysis in Crypto (part 1)

Hi BitcoinMarkets , I am the owner of taughtu and we post trading and business articles every week teaching people something new.

Since the market has been heating up lately, I wanted to share an article we recently did on fundamental analysis in crypto that I think you will enjoy! Definitely a must read before alt season.

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One of the most overlooked skills in cryptocurrency, Fundamental Analysis, is the minimum one requires to preserve their capital in a highly volatile market like crypto.
But what exactly is it?

Introduction to Fundamental Analysis

If you are good at SWOT analysis, or at least know what it is, then you are already on the right track.

Traditional analyses do not work in crypto, in that a single day can wipe off billions of dollars from a project’s valuation or ‘pump’ its value by 2-10x in a day during an ‘altseason’ (yes, we will see one again).

Generally speaking, one has to modify the traditional SWOT analysis and calibrate it to suit one’s own style. Moreover, the ‘standard framework’ is not suitable for crypto assets. How exactly, would obviously depend on what you are looking for in a project. More on that later.

How will you get better at it? The more you analyze projects and try to find their shortcomings, the better you will become, and during this process, develop your own ‘style’. The rationale to look for shortcomings in a project is due to the fact that no project will highlight their weaknesses (and what is funny is, many projects know their weaknesses but do not care).

Hence, starting to look into a project with a negative bias is always beneficial.

There are three pillars to fundamental analysis in my opinion:
  1. The project itself
  2. The ‘blockchain level’ competition
  3. The real world industry/application domain the project is targeting

1 - The Project

It is crucial to know first, what exactly is the project trying to achieve.

Many projects’ homepage doesn’t even say that. Knowing what the project aims to do would help you figure out whether the project is really required, or, can it really survive and become a full fledged currency/company.

Then comes the investigation about the team, its composition, experience, vision etc. Has the team ‘doxxed’ itself, if not, do they have a solid reason for that? Are the team’s linkedin, githubs available for review?

A team which is open about their experience gets plus points from me. But it is always a double edged sword, in that some projects which are at nascent stage, and no information about the team might go on to give the most returns due to undervaluation resulting from the uncertainty about the team.

E.g. – Luxcore project went parabolic due to this factor, as people were betting heavily on ‘what if factor’ about the team.

Interestingly, my favorite cryptocurrency project has an anon team still, even though I have a decent investment in them.
My reasoning is that I am willing to take that risk, and having seen their work, I am confident that the devs know their game, and team disclosure in future will only help the project’s credibility, not the other way around.

To conclude the first point, I will come to the main question –

Is this project really required?

We have so many privacy clones, PoS projects, ‘DAPPs’ projects (biggest meme of them all), ‘fast transaction’ based crypto currency and so on. The top 200 is overcrowded, and full of similar ideas, and I believe 80% of them will eventually die.

The goal is to find the ones with a high chance of survival. So the idea has to impress me, generally in the first 2-4 minutes.

Personally, if it is not unique enough, or ambitious enough, my excitement and attention starts to dwindle. And all this is before I even open the white paper. The amount of time and deep dive I do into the white paper depends on the above process.

Whitepapers, in general, are intended to describe the project to a layman. What I have observed is, most people tend to skip any mention of technology/algo/implementation, thinking ‘I do not have a technical background’, and this is where some get it wrong.

Spend some time to investigate those terms/ideas (Google is always your friend, IF we do not get into the data stealing aspect).

By this time, one would be in a position to ascertain what exactly the project aspires to do, and the real world problem they are trying to solve.

Essentially, a project has to solve a real world problem, or a problem with the blockchain technology itself, or improvise upon an existing idea by a big margin.

2 - The Competition

This is the most important factor after the initial ‘vetting’ of the project.

A good team will always know their competition, and focus on doing things better than them, and innovate further. If this is not true for a project, then the ONLY thing going for the project would be the difference in the respective valuations.

For e.g. ,why do we need a new privacy coin, when we have projects like Monero and Zecash, which have progressed quite a bit technologically, have a big community backing them, and of course significant cash stockpile.

To build up on this example, most privacy clones will die, leaving the space for the innovators to capture. There are various factors which have to be considered when we compare a big cap incumbent and a low cap challenger (to be discussed in subsequent articles).

Personally, I am always inclined to bet on low/micro cap projects aiming to take on the more established ones, and envision to take the innovation to next level.

To elaborate, consider an example – If project A is at $500 million+ (IN A BEAR MARKET), and a microcap, lets call it project B, have technology parity, or slightly better technology(project B), then I see no reason for it to not grow to compete with A.

This is exactly where the most gains are made.

But there is a risk associated with this approach – what if there is a mega ‘FUD’ hitting the project, or team gets entangled in financial issues, or maybe goes under 51% attack etc.? Some examples being $CAL, $XHV etc.

If a microcap’s reputation takes a beating, it takes them significantly more time to regain credibility than their big cap competition (more on all these points in the next article).

To wrap up this section, success of a project also highly depends on the competition, market dynamics, and the community backing it.

3 - The Real World

Now even though fully decentralized organizations are at least 7-10 years away, for me, a project has to solve a real world problem, or a problem with the blockchain technology itself.

For e.g. the logistics industry, where incorporating blockchain technology can help improve efficiencies.

Another example is migration of traditional technology infrastructure of existing big companies to a decentralized one.

These are mere examples. My point is, projects targeting such domains and aiming to solve real world problems, are the most probable to get adopted the fastest (adoption is not merely building more wallets, or having crypto stored in phones. That’s just the financial domain, albeit the most resilient one. More on it in the next article).

To add to the point, the lesser the competition to such projects, higher the chances of success.

Another approach is looking into the projects aiming to improve blockchain technology, for e.g. say the projects improving and/or enhancing Ethereum ecosystem, or bring innovation in the blockchain space, for e.g. STO focussed projects.

Discussing further about the real world opportunities/domains where blockchain projects can contribute and add value(numerous) is out of scope of this introductory article.

Conclusion

To sum up, the above 3 steps to fundamental analysis can greatly help one to analyze the inherent value a project offers.

However, these cover just a basic review of the project. There are more detailed aspects which are crucial to take a measure of a given project, viz. token economics, team finances, community, code review/audit, regulations, whether the token is actually required, what to do if you are from a non-technical background etc.

These topics will be covered in subsequent articles in this series.

Always DYOR!

Hope these ideas help at least some of you.

Written by @le_lannister
taughtu.com
submitted by brad044 to BitcoinMarkets [link] [comments]

Chromapolis FUD: Stop the nonsense. (RE: The Ian Balina Scandal)

Chromapolis FUD: Stop the nonsense. (RE: The Ian Balina Scandal)
This piece was originally posted here by an anonymous writer, but I thought that it hadn't received enough views to truly defend the team. I'm sure many of you saw the Ian Balina ICO pool scandal here, but I thought it unfairly dragged down Chromaway's name with it.
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There has been massive amounts of FUD going around the ICO community–some accusations are well-founded, and I understand the confusion and anger. I’m not here to defend the actions of the team, and I’m not here to say that they have reacted in the best way possible. Nor am I here to defend the actions of Ian Balina. I am, however, here to defend the characters of the ChromaWay team and the accomplishments and contributions they have made to the blockchain industry.
First of all, Alex Mizrahi has contributed more to the development of this fascinating industry than 99.99% of ICO participants. The ChromaWay team, led by Alex, were the first to create a protocol capable of issuing tokens, called “colored coins” at the time (circa 2011~2012). The concept was so new at the time that he even had to quote Meni Rosenfield on what “colored coins” were:

By the original design bitcoins are fungible, acting as a neutral medium of exchange. However, by carefully tracking the origin of a given bitcoin, it is possible to “color” a set of coins to distinguish it from the rest. These coins can then have special properties supported by either an issuing agent or a Schelling point, and have value independent of the face value of the underlying bitcoins. Such colored bitcoins can be used for alternative currencies, commodity certificates, smart property, and other financial instruments such as stocks and bonds.

His role in the propagation of the idea of what we now call “tokens” played a huge role in expanding the blockchain industry into what it is today. In fact, when Vitalik introduced the concept of Ethereum to the world onstage at Bitcoin Miami 2014, he praised colored coins and its potential to radically change the scope of blockchain applications.

Above: Slide from Vitalik’s presentation in BTC Miami 2014 on the applications of blockchain and distributed consensus, following Satoshi’s creation of digital currency and blockchain in 2009. Vitalik described colored coins by saying, “the idea behind [colored coins] is okay, you have a blockchain and you have a currency on it, but what if you could put other currencies on the blockchain as well.”

Above: Jimmy Song, one of ChromaWay’s early hires, explains Colored Coins and ChromaWallet back in 2014 in Zug, Switzerland.
We’ve come a long way from the small grassroots and enthusiast developer communities in 2011, to now multimillion dollar companies appearing out of thin air during 2017-18. If the ChromaWay team were only in it for the money, wouldn’t they have thrown together a whitepaper and raised $30 million when ICOs were all the rage last year? No, they waited for a breakthrough in lowering the barrier of entry for developers that want to create dapps: Postchain.
The implications of their breakthrough in Postchain is huge. The internet as we know it today, “internet 2.0” was created on the backbones of relational databases and improved protocols. Postchain, very simply put, allows relational blockchains. This means that any developer, blockchain experienced or not, will be able to create dapps using SQL queries that they are already familiar with. If more people cared about the core technology and its potential to truly make dapps mainstream and less about getting “hyped up” coins at a higher price, these recent waves of FUD would not have been given much attention--what Ian decides to do with his allocation is his decision. Again, I am not defending his actions nor the team’s response to the FUD. Quite frankly, the Chromaway team has never had to deal with situations like these, and I’m sure stress played a huge part.
So what else has the team been doing since 2011? Short answer: a lot of research, ideas, and development, that we take for granted today.
What were you doing to help this revolution? They may have made mistakes--after all it is their first ICO. But it’s not fair to attack their character based on miscommunications and mistakes, that ultimately have no long-term effects on the project.
If you have a problem with the way they have communicated with the community and investors that is completely reasonable. But do not start acting out character assassinations on people that have been building infrastructure in the space for years simply because you are unhappy with their inexperience in PR relations and communications. Come at them with your concerns not your vitriol. Creating anonymous posts where all you do is bash on them without providing constructive criticism will only create more problems.
To add onto this, this article has been making the rounds and makes a lot of assumptions and straight out unfounded accusations. To be more specific near the end they call out an influencer known as “TheGobOne” as having been fined $400,000 by the SEC because of pooling. First of all TheGobOne is a Canadian citizen and is not governed by the SEC. And by his own word has not been in contact or been contacted by them in regards to pooling funds. To create entirely false talking points to support your narrative is as disingenuous as possible. Why the author felt the need to spread lies to try and support his point shows a clear alterior motive in trying to character assassinate influencers and team members associated with the project, rather than coming at them with purely fact based concerns.

Above: TheGobOne refuting claims he was fined by the SEC in his Discord Announcements channel earlier today.
Everyone in the blockchain space has been a bit on edge lately because of the serious market downturn. If you’re an investor you’ve been feeling the heat of the giant -70%+ losses on altcoins. Feeling frustrated at that is completely natural but in the end we have to make sure we don’t explode at projects and people that have little to do with our own down investments. There are teams and projects that are simply trying to build something they believe the space needs. Let’s try to make the crypto community stronger and come together to help these developers make the best projects they can. Without bombarding them with negativity for every mistake they make on the way there.
Ending on a lighter note, you can see Alex’s true character in a funnily relevant thread from 2012 titled “fuck this shit, I want my own blockchain!” where he says:
I understand that many community members won't like some of these features, but the goal here is to try new things, not to get some people rich. If you don't like it, then forget about it. If nobody likes it, I have other things to do.
submitted by cryptohan to CryptoCurrency [link] [comments]

How do I mine Dogecoin?

How do I mine Dogecoin?
Let’s take a lucky guess that you’re here today because you’ve heard a lot about cryptocurrencies and you want to get involved, right? If you’re a community person, Dogecoin mining might be the perfect start for you!
Bitcoin was the first in 2009, and now there are hundreds of cryptocurrencies. These new coins (that operate on their own native blockchain) are called altcoins or alternative coins. One popular altcoin is Dogecoin. It can be bought, sold and traded, just like Bitcoin. It can also be mined!
So, what is Dogecoin mining?
You’ll know what hardware and what software you need to get started. You’ll also know whether or not Dogecoin mining is for you!
So, where would you like to start? The beginning? Great choice. Let’s have a quick look at how Dogecoin got started.
A (Very) Short History of Dogecoin
In 2013, an Australian named Jackson Palmer and an American named Billy Markus became friends. They became friends because they both liked cryptocurrencies. However, they also thought the whole thing was getting too serious so they decided to create their own.
Palmer and Markus wanted their coin to be more fun and more friendly than other crypto coins. They wanted people who wouldn’t normally care about crypto to get involved.
They decided to use a popular meme as their mascot — a Shiba Inu dog.

https://preview.redd.it/rymnyyz1iil31.png?width=303&format=png&auto=webp&s=f138e3fe56eef9c6b0e7f49b84fefc41fb83e5aa
Dogecoin was launched on December 6th, 2013. Since then it has become popular because it’s playful and good-natured. Just like its mascot!
Dogecoin has become well-known for its use in charitable acts and online tipping. In 2014, $50,000 worth of Dogecoin was donated to the Jamaican Bobsled Team so they could go to the Olympics. Dogecoin has also been used to build wells in Kenya. Isn’t that awesome!
Users of social platforms – like Reddit – can use Dogecoin to tip or reward each other for posting good content.
Dogecoin has the 27th largest market cap of any cryptocurrency.
Note: A market cap (or market capitalization) is the total value of all coins on the market.
So, Dogecoin is a popular altcoin, known for being fun, friendly and kind. It’s a coin with a dog on it! You love it already, don’t you?
Next, I want to talk about how mining works…
What is Mining?
To understand mining, you first need to understand how cryptocurrencies work. Cryptocurrencies are peer-to-peer digital currencies. This means that they allow money to be transferred from one person to another without using a bank.
Every cryptocurrency transaction is recorded on a huge digital database called a blockchain. The database is stored across thousands of computers called nodes. Nodes put together groups of new transactions and add them to the blockchain. These groups are called blocks.
Each block of transactions has to be checked by all the nodes on the network before being added to the blockchain. If nodes didn’t check transactions, people could pretend that they have more money than they really do (I know I would!).
Confirming transactions (mining) requires a lot of computer power and electricity so it’s quite expensive.
Blockchains don’t have paid employees like banks, so they offer a reward to users who confirm transactions. The reward for confirming new transactions is new cryptocurrency. The process of being rewarded with new currency for confirming transactions is what we call “mining”!

https://preview.redd.it/rcut2jx3iil31.png?width=598&format=png&auto=webp&s=8d78d41c764f4fe4e6386da4f40a66556a873b87
It is called mining because it’s a bit like digging for gold or diamonds. Instead of digging with a shovel for gold, you’re digging with your computer for crypto coins!
Each cryptocurrency has its own blockchain. Different ways of mining new currency are used by different coins where different rewards are offered.
So, how do you mine Dogecoin? What’s special about Dogecoin mining? Let’s see…
What is Dogecoin Mining?
Dogecoin mining is the process of being rewarded with new Dogecoin for checking transactions on the Dogecoin blockchain. Simple, right? Well no, it’s not quite that simple, nothing ever is!
Mining Dogecoin is like a lottery. To play the lottery you have to do some work. Well, actually your computer (or node) has to do some work! This work involves the confirming and checking of transactions which I talked about in the last section.
Lots of computers work on the same block of transactions at the same time but the only one can win the reward of new coins. The one that earns the new coins is the node that adds the new block of transactions to the old block of transactions. This is completed using complex mathematical equations.
The node that solves the mathematical problem first wins! It can then attach the newly confirmed block of transactions to the rest of the blockchain.
Most cryptocurrency mining happens this way. However, Dogecoin mining differs from other coins in several important areas. These areas are;
  • Algorithm: Each cryptocurrency has a set of rules for mining new currency. These rules are called a mining or hashing algorithm.
  • Block Time: This is the average length of time it takes for a new block of transactions to be checked and added to the blockchain.
  • Difficulty: This is a number that represents how hard it is to mine each new block of currency. You can use the difficulty number to work out how likely you are to win the mining lottery. Mining difficulty can go up or down depending on how many miners there are. The difficulty is also adjusted by the coin’s protocol to make sure that the block time stays the same.
  • Reward: This is the amount of new currency that is awarded to the miner of each new block.
Now, let’s compare how DogeCoin mining works compared to Litecoin and Bitcoin…
Mining Comparison
Bitcoin uses SHA-256 to guide the mining of new currency and the other two use Scrypt. This is an important difference because Scrypt mining needs a lot less power and is a lot quicker than SHA-256. This makes mining easier for miners with less powerful computers. Fans of Litecoin and Dogecoin think that they are fairer than Bitcoin because more people can mine them.
Note: In 2014, Litecoin and Dogecoin merged mining. This means they made it possible to mine both coins in the same process. Dogecoin mining is now linked with Litecoin mining. It’s like two different football teams playing home games in the same stadium!
Mining Dogecoin is a lot faster than mining Litecoin or Bitcoin. The block reward is much higher too!
Don’t get too excited though (sorry!). Dogecoin is still worth a lot less than Bitcoin and Litecoin. A reward of ten thousand Dogecoin is worth less than thirty US Dollars. A reward of 12.5 Bitcoin is currently worth 86,391.63 US Dollars!
However, it’s not as bad as it sounds. Dogecoin mining difficulty is more than one million times less than Bitcoin mining difficulty. This means you are much more likely to win the block reward when you mine Dogecoin.
Now I’ve told you about what Dogecoin mining is and how it works, would you like to give it a try?
Let’s see what you need to do to become a Dogecoin miner…
How to Mine Dogecoin
There are two ways to mine Dogecoin, solo (by yourself) or in a Dogecoin mining pool.
Note: A Dogecoin pool is a group of users who share their computing power to increase the odds of winning the race to confirm transactions. When one of the nodes in a pool confirms a transaction, it divides the reward between the users of the pool equally.
Dogecoin Mining: Solo vs Pool
When you mine as a part of a Dogecoin pool, you have to pay fees. Also, when the pool mines a block you will only receive a small portion of the total reward. However, pools mine blocks much more often than solo miners. So, your chance of earning a reward (even though it is shared) is increased. This can provide you with a steady new supply of Dogecoin.
If you choose to mine solo then you risk waiting a long time to confirm a transaction because there is a lot of competition. It could be weeks or even months before you mine your first block! However, when you do win, the whole reward will be yours. You won’t have to share it or pay any fees.
As a beginner, I would recommend joining a Dogecoin pool. This way you won’t have to wait as long to mine your first block of new currency. You’ll also feel like you’re part of the community and that’s what Dogecoin is all about!
What You Need To Start Mining Dogecoin
Before you start Dogecoin mining, you’ll need a few basics. They are;
  • A PC with either Windows, OS X or Linux operating system.
  • An internet connection
  • A Shiba Inu puppy (just kidding!)
You’ll also need somewhere to keep the Dogecoin you mine. Go to Dogecoin’s homepage and download a wallet.
Note: A wallet is like an email account. It has a public address for sending/receiving Dogecoin and a private key to access them. Your private keys are like your email’s password. Private keys are very important and need to be kept completely secure.
There are two different types; a light wallet and a full wallet. To mine Dogecoin, you’ll need the full wallet. It’s called Dogecoin Core.
Now that you’ve got a wallet, you need some software and hardware.
Dogecoin Mining Hardware
You can mine Dogecoin with;
  • Your PC’s CPU: The CPU in your PC is probably powerful enough to mine Dogecoin. However, it is not recommended. Mining can cause less powerful computers to overheat which causes damage.
  • A GPU: GPUs (or graphics cards) are used to improve computer graphics but they can also be used to mine Dogecoin. There are plenty of GPUs to choose from but here are a few to get you started;SAPPHIRE Pulse Radeon RX 580 ($426.98)Nvidia GeForce GTX ($579.99)ASUS RX Vega 64 ($944.90)
  • A Scrypt ASIC Miner: This is a piece of hardware designed to do one job only. Scrypt ASIC miners are programmed to mine scrypt based currencies like Litecoin and Dogecoin. ASIC miners are very powerful. They are also very expensive, very loud and can get very hot! Here’s a few for you to check out;Innosilicon A2 Terminator ($760)Bitmain Antminer L3 ($1,649)BW L21 Scrypt Miner ($7,700)
Dogecoin Mining Software
Whether you’re mining with an ASIC, a GPU or a CPU, you’ll need some software to go with it. You should try to use the software that works best with the hardware you’re using. Here’s a short list of the best free software for each choice of mining hardware;
  • CPU: If you just want to give mining a quick try, using your computer’s CPU will work fine. The only software I would recommend for mining using a CPU only is CPU miner which you can download for free here.
  • GPU: If you mine with a GPU there are more software options. Here are a few to check out;CudaMiner– Works best with Nvidia products.CGminer– Works with most GPU hardware.EasyMiner– User-friendly, so it’s good for beginners.
  • Scrypt ASIC miner:MultiMiner– Great for mining scrypt based currencies like Litecoin and Dogecoin. It can also be used to mine SHA-256 currencies like Bitcoin.CGminer and EasyMiner can also be used with ASIC miners.
Recommendations
You’re a beginner, so keep it simple! When you first start mining Dogecoin I would recommend using a GPU like the Radeon RX 580 with EasyMiner software. Then I would recommend joining a Dogecoin mining pool. The best pools to join are multi-currency pools like Multipool or AikaPool.
If you want to mine Dogecoin but don’t want to invest in all the tech, there is one other option…
Dogecoin Cloud Mining
Cloud mining is mining without mining! Put simply, you rent computer power from a huge data center for a monthly or yearly fee. The Dogecoin is mined at the center and then your share is sent to you.
All you need to cloud mine Dogecoin is a Dogecoin wallet. Then choose a cloud mining pool to join. Eobot, Nice Hash and Genesis Mining all offer Scrypt-based cloud mining for a monthly fee.
There are pros and cons to Dogecoin cloud mining;
The Pros
  • It’s cheaper than setting up your own mining operation. There’s also no hot, noisy hardware lying around the house!
  • As a beginner, there isn’t a lot of technical stuff to think about.
  • You get a steady supply of new currency every month.
The Cons
  • Cloud mining pools don’t share much information about themselves and how they work. It can be hard to work out if a cloud mining contract is a good value for money.
  • You are only renting computer power. If the price of Dogecoin goes down, you will still have to pay the same amount for something that is worthless.
  • Dogecoin pools have fixed contracts. The world of crypto can change very quickly. You could be stuck with an unprofitable contract for two years!
  • It’s no fun letting someone else do the mining for you!
Now you know about all the different ways to mine Dogecoin we can ask the big question, can you make tons of money mining Dogecoin?
So, Is Dogecoin Mining Profitable?
The short answer is, not really. Dogecoin mining is not going to make you a crypto billionaire overnight. One Dogecoin is worth 0.002777 US Dollars. If you choose to mine Dogecoin solo, it will be difficult to make a profit. You will probably spend more money on electricity and hardware than you will make from Dogecoin mining. Even if you choose a Dogecoin pool or a cloud pool your profits will be small.
However, if you think I am telling you to not mine Dogecoin, then you’re WRONG! Of course, I think you should mine Dogecoin!
But why? Seriously…
Well, you should mine Dogecoin because it’s fun and you want to be a part of the Dogecoin family. Cryptocurrency is going to change the world and you want to be part of that change, right? Mining Dogecoin is a great way to get involved.
Dogecoin is the coin that puts a smile on people’s faces. By mining Dogecoin you’ll be supporting all the good work its community does. You’ll learn about mining from the friendliest gang in crypto. And who knows? In a few years, the Dogecoin you mine now could be worth thousands or even millions! In 2010, Bitcoin was worthless. Think about that!
Only you can choose whether to mine Dogecoin or not. You now know everything you need to know to make your choice. The future is here. So, what are you going to do?
submitted by alifkhalil469 to BtcNewz [link] [comments]

**DigiByte giveaway for our Doge friends**

. [ GIVEAWAY NOW CLOSED ] . Become part of the fantastic DigiByte community today and the team at DigiByte Store will reward you with your first 50 DigiBytes for free to start you off. Keep reading to find out how. . About DigiByte . DigiByte is a professional & transparent decentralized cryptocurrency that has been designed to address several of the weaknesses of Bitcoin & Litecoin. It is a secure world-wide decentralized payment network, inspired by Bitcoin but with many enhancements and extra features. You send & receive DigiBytes much like PayPal & Western Union transfer money but with vast improvements, including lightning fast transactions with minimal or no fees. . We are now seeing the death of the common home based Bitcoin miner, and the emergence of large ASIC mining companies. The development team felt this centralization of hash power goes against the main principles upon which Bitcoin was created. Given this reason and others they have decided to use Scrypt with DigiByte and implement the innovative DigiShield which is quickly being adopted by other coins such as Dogecoin to protect against multi-pool attacks. . Why use DigiByte? . 1) Speed: DigiByte is blazing fast! Much faster than Bitcoin & Litecoin, and fast enough to buy coffee from a merchant in just a few seconds with the press of a button on a smart phone! . 2) Transactional Currency: With 21 billion coins, DigiByte will primarily become a worldwide currency traded for goods & services, and not a volatile speculative commodity like Bitcoin. DigiByte has a natural ratio of 1BTC:1000DGB to Bitcoin. This means that if Bitcoin is worth $1,000 DigiByte should be worth $1 -$10; a perfect price for buying goods & services. No one likes to look in their wallet and see that they have 0.001 coins; 1,000 DigiBytes are much more appealing. . 3) Community: DigiByte was planned and designed for over a month before launch. Since then, the community around DigiByte has continued to grow and contribute to its success. . 4) Fair Launch: DigiByte was announced more than 3 days ahead of time. It was delivered at the exact minute advertised with a countdown timer for a fair launch. Over a half million dollars in hardware were thrown at the network in the first few minutes alone. . 5) Transparency: The pre-mine of DigiByte is publicly posted and is used to further the long-term success of DigiByte. . 6) DigiByte Name: You store data in megabytes & gigabytes. Why not store money in DigiBytes? . Pre-Mine Details: . 52.5 million DGB for giveaways over first two months to encourage adoption of DGB. Giveaway address will be publicly posted on website with a public record of all transactions. . 52.5 million DGB for development expenses to further DigiByte and help it become a mainstream currency. Development account address will be publicly posted on website with a public record of all transactions and their purpose. . Our goal is to be transparent and accountable with the 0.5% pre-mine to ensure a bright future for DigiByte. (Pre-mine is now effectively only 0.2%) . Pre-Mine Accounts: . Giveaway Account: Address available on http://www.digibyte.co/pre-mine-accounts Initial Balance: 52,500,000.00 DGB Current Balance: 00.00 DGB . Development Account: Address available on http://www.digibyte.co/pre-mine-accounts Initial Balance: 52,596,000.00 DGB Current Balance: 45,000,000.00 DGB . About the DigiByte Store . The DigiByte Store was set up primarily to make DigiBytes easily accessible to as many people as possible around the world, by allowing people to purchase their desired amount of DigiBytes in their preferred currency, securely by using a PayPal account. The purchased amount of DigiBytes will then be sent to the chosen wallet address supplied. This service makes it easy and safe for anyone that is new to cryptocurrency to get their hands on their first few coins. It also provides a more convenient option to experienced users as they no longer have to deal with the hassle of purchasing through exchanges. . The giveaway! . For you to get your hands on your first 50 DigiBytes free of charge you need to follow the few simple steps below: . 1) Download a wallet to put you DigiBytes in either from www.digibyte.co or www.digibytestore.co. Wallet download links are available on the homepages of both sites. Choose the correct download for the platform you are using e.g. Windows, Mac OSX, Ubuntu, Android (For smartphones and tablets etc.) . 2) Once you have downloaded a wallet you need to open it to let it synchronize with the blockchain. This will happen automatically when you open your wallet and may take a bit of time the first time you open it. . 3) Copy your wallet address from your wallet by clicking on the ‘Receive coins’ button, highlight your wallet address by clicking once on the wallet address below and then click the ‘Copy Address’ button at the bottom of the page. The address will look like a long string of letters and numbers. . 4) Paste your wallet address into an email and send it to [email protected] to get your 50 DigiBytes sent to your wallet. . If you have any problems please contact [email protected] and we will be more than happy to assist you further. . To get your hands on more DigiBytes why not visit the DigiByte Store to top up your wallets. . Why not subscribe to the DigiByte subreddit (http://www.reddit.com/Digibyte) to stay up to date with the exciting new things that are happening. . Thank you for your support Doge friends! . The DigiByte Store Team
submitted by gaza1512 to dogecoin [link] [comments]

Merchants list Vertcoin (updated with new members).

The descriptions are different in length and content dependant on the information your website offers. First purpose is to keep the descriptions short. Many websites delivered an own description which I partly quoted. If there is a need to change please let me know.
You'll find this list of merchants already accepting Vertcoin on Vertcoin homepage. In these shops you can pay with Vertcoin and maby with other cryptocurrencies. If you like to get added let me know and make sure that Vertcoin acceptance is apparent in your shop.

Debit Card

Uquid Prepaid Debit Card "enables businesses to streamline commission, business, incentives, travel payments and control expenditures with enhanced convenience, flexibility, and security."

Fashion

* NEW * NEW * NEW * NEW * NEW * NEW * NEW * NEW * NEW * 
Cyroline is on "the tireless hunt for the special in the fashion world, the perfect fusion of individual styles, quality and sustainability." In physical stores you can pay with Vertcoin in Germany: Lübeck, Berlin, Hamburg, Cologne, Stuttgart.
Zazzle is a "marketplace, you'll find customizable products, art and create-your-own products just waiting for you. We're PhD's, professional artists, manufacturing gurus, patent holders, inventors, musicians, and more. Everything we do is an expression of love." As a nice special Z provides Vertcoin shirts.

Food

PexPeppers is specialized in "finest chili sauces, jellies, salts, seeds & more." Based in Pueblo, Colorado, USA PexPeppers is selling all over the world.

Gambling

Vertcoingames: "Play Roulette, Dice, Blackjack and Video Poker using Vertcoin. Great games with fair, casino level payouts."

Giftcards

* NEW * NEW * NEW * NEW * NEW * NEW * NEW * NEW * NEW * 
Coincards provides Giftcards and was created in July of 2014.
Crypto De Change provides Gift Cards and Silver Buillons since July 2013.
Giftoff is a "digital gift card retailer with the largest range on offer in Europe. Since 2014 we’ve been enabling digital currency users to shop with major retailers like Amazon.co.uk, Steam and Marks & Spencer. We stock over 70 gift cards and accept over 40 digital currencies as well as UK credit and debit cards."

Goods

* NEW * NEW * NEW * NEW * NEW * NEW * NEW * NEW * NEW * 
  • FastTech, Hong Kong & Guangdong, China
"FastTech is the techno-centric destination for all your geeky needs and more. FastTech is committed to become the most loved and trusted electronics marketplace by offering superior shopping experience, timely shipping, and stellar customer service."
KPV provides Vaporizers, "electronic devices that help you vaporize your material into vapor for cleaner inhalation. People looking to quit smoking cigarettes are the main reason behind vapes."
* NEW * NEW * NEW * NEW * NEW * NEW * NEW * NEW * NEW * 
"We are a tech-driven online retailer located near Salt Lake City in the shadow of the Wasatch Mountains. Since our beginnings in 1999. Overstock has evolved from a fledging startup to a billion-dollar online retailer as a result of a hard-working and creative team."
RB gives "independent artists a meaningful new way to sell their creations. Today, we connect over 400k artists and designers across the planet with millions of passionate fans." RB provides a huge sortiment of designed products like bags, wall art, home decor, apparel, stationary & more.

IT support

GeekBox "offers a wide variety of services including but not limited to basic computer setup, repair, virus removal, server setup, network setup, consulting, purchasing, cloud computing advice, gaming system and electronic repair." As a nice special GeekBox IT provides a Vertcoin T-shirt.

Merchandise

Crypto Affect provides "Clothing for the hodler", crypto related fashion.
* NEW * NEW * NEW * NEW * NEW * NEW * NEW * NEW * NEW * 
C&P provides crypto related fashion and is "shipping worldwide with live rates and tracking."
Crypto Compound provides "crypto-themed items" like fashion, mugs & more.
* NEW * NEW * NEW * NEW * NEW * NEW * NEW * NEW * NEW * 
"Cryptobird is a partnership to start a full crypto based webshop with high quality fashion to contribute to a wider cryptocurrency adoption around the globe."
Cryptoble provides "apparel and more". Here are crypto related shirts & mugs.
Hodler Tees is a cryptocurrency centered t-shirt company based in Frisco Texas! (USA) We sell all things crypto related from hats to t-shirts and even posters!
"At Nakamoto Clothing, we're passionate about designing and curating a selection of apparel to help grow this movement of change. And we're electrified AF!", international shipping.
WikiLeaks is a multi-national media organization and associated library. It was founded by its publisher Julian Assange in 2006. The shop provides shirts, posters and asseccoires.
Spreadshirt provides shirts and more. Based in Greensburg, USA, the owner comes from the Netherlands.
Teepublic provides apparel, home goods, shirts, stickers, mugs & more.
Shillshop provides stickers in outdoor quality and is "based in The Netherlands, all the products we sell are also produced in The Netherlands to make sure you'll receive the highest quality!"
VTCmarket is founded by the Dunn twins Raf & Tom: "We’ve started off with T-shirts and are working on expanding with other products and merchants"

Multimedia services

RDS is Central Virginia’s drone service specialists. From preparation to content delivery, we perform all work to perfection. We can act as both an aerial film consultant or as the remote pilot in charge on your next projects.

Printing, Graphic, Web Design

* NEW * NEW * NEW * NEW * NEW * NEW * NEW * NEW * NEW * 
"Catdi is a commercial printing company with additional specialization in web design. Offering cost-effective commercial printing, direct mail, graphic design and web solutions to small businesses. Proudly Serving Houston and surrounding communities for over 10 years."

Professional Law Services

* NEW * NEW * NEW * NEW * NEW * NEW * NEW * NEW * NEW * 
Bitcoin Tax is "calculating capital gains/losses for any crypto-currency. Do you know the cost-basis of every coin you own? Are you tracking the profits and new basis when you spend or sell? Can you work out the best way to identify your trades to optimize your taxes? Let us do it for you."
Burrell Law "Our New York City-based attorneys provide a broad range of transactional legal services" Every large business was once a small business. We are here to help you find a solution for your legal needs.
The Crypto Lawyers - "we are a team of U.S. qualified lawyers dedicated to helping individuals, businesses, and organizations navigate the legal intricacies of cryptocurrency and blockchain technology. We commit ourselves to strategically and aggressively represent our clients in their transactional and litigation matters."

Video Games

Cavemen Studios is a developer of video games. "Having over a century of combined experience on how video games tick, we've finally decided it's time to start creating our own products."
"Keys4Coins is one of the first pc game stores who only accept cryptocurrency as payment. Our store is simple to use and you can shop anonymously. Only an e-mail is required so you can receive the license."
"Our aim is to provide the fastest, easiest place to buy Xbox Live Gold subscriptions with cryptocurrencies"

Wallet & miscellaneous

Jzzsxm's Online Store provides a 1.5" diameter metal Vertcoin Medallion. Each medallion costs 2 VTC and comes with a metalized label containing a wallet address QR code of your choice affixed to the back.
LaserLightning provides one etched wooden Vertcoin with the Vertcoin logo burned into one side, and your custom QR code on the back. These coins are approx 1.5 inches in diameter.
Designed Vertcoin public and private wallets that can be used as paper wallets or given as gifts.

(NSFW) Adult shop

* NEW * NEW * NEW * NEW * NEW * NEW * NEW * NEW * NEW * 
Toys4Sex is Australia's Online Adult store retailer intended for men and women. Toys4Sex comes with a specially selected range of products that has made its mark within the Australian adult market place.
submitted by Wauri12 to altcoin [link] [comments]

FAIREUM- Platform

FAIREUM- Platform
Project Overview
Cryptocurrency is considered a digital currency that uses coding (cryptography) to come up with cash and to verify transactions. Transactions are added to a public ledger – also called a Transaction Block Chain – and new coins are shaped through a process known as mining.
As of 2018, cryptocurrency has been used as a suburbanised different risk to ancient rescript currencies (which area unit typically backed by some central government) like the U.S. dollar (USD).
The History of Cryptocurrency
The first suburbanised digital cryptocurrency may be copied back to “bit gold” (not to be confused with Bitgold), that was worked on by Nick Szabo between 1998 and 2005 however was never put into operation.
Although bit gold is recognized to be the first precursor to bitcoin, cryptocurrency pioneer David Chaum’s company DigiCash (a company founded in 1989 which attempted to innovate digital currency), Wei Dai’s b-money (a abstract system revealed in 1998 that Satoshi cites it within the Bitcoin white paper), and “e-gold” (a centralized digital currency that started in 1996) area unit all notable early mentions.
With that history noted, trendy digital currency starts in 2008 once Satoshi Nakamoto (an anonymous person and/or group) free their paper particularization what would become Bitcoin.
Bitcoin became the primary suburbanised digital coin once it had been created in 2008. It then went public in 2009.
As of 2018, Bitcoin is that the most typically famous and used cryptocurrency. Meanwhile, different coins as well as Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and more are notable mentions.
Given the recognition of Bitcoin in addition as its history, the term “altcoin” is usually wont to describe different cryptocurrencies to bitcoin (especially coins with tiny market caps).
As of January 2015, there were over 500 different types of cryptocurrencies – or altcoins – for trade in online markets. However, only 10 of them had market capitalizations over $10 million.
As of September 2017, there were over 1,100 cryptocurrencies and the total market capitalization of all cryptocurrencies reached an all-time high surpassing $60 billion! Then, by December 2017, the total market cap reached $600 billion (a multiple of 10 in only two months).
In different words, though the longer term is indeterminate, cryptocurrency appears to be over simply a rage. Today cryptocurrency is shaping up to be a growing market that (despite the pros and cons) is likely here for the long haul.
https://preview.redd.it/znvjpo08vbh21.jpg?width=284&format=pjpg&auto=webp&s=ee6aa338cdc4b78568849efea4731a760f9cec6b
About Faireum
Faireum is an industry-Faireum is a public blockchain that focuses on the problems of the online gambling industry and resolves them with a set of protocols that provide a decentralized, low-cost, transparent and secure gambling experience. To achieve this, Faireum uses its token and game contract to guarantee users a premium betting experience and superb services across lottery, horse-betting, sports-betting, casino games, digital games and countless more.
A smart client also works alongside Faireum’s protocols, called a Faireum node, which helps provide users with a safe, seamless and always-on experience in playing all the games they wish to play. level public blockchain that may revolutionize on-line gambling platforms.
The Industry
In 2017 the overall wagering industry was regarded at $533 billion, with future desires putting that figure at 1 trillion USD always 2021. As the online wagering exhibiting continues experiencing consistent improvement, instigated on by the ascent of new headways and the extended accessibility of the web, Asia has developed itself as the speediest creating iGaming market on earth.
Mission
Faireum has developed a concentrated open blockchain subject to the recommended systems of Bitcoin, Ethereum and Hyperledger. The assertion figuring grasped from the Byzantine adjustment to inside disappointment based appointed affirmation of stake (BFT-DPos) ensures the check of trades on the Faireum Blockchain similarly as its execution.
Features
Structures of Online Gambling
The web has passed on various novel approaches to managing betting structures, changing the gaming business. Straight up 'til the present time, betting remains a champion among the most outstanding and advantageous online associations. As demonstrated by H2 Gambling Capital, overall web gaming wages justified a normal $43 billion of each 2017, making up 10% of all overall gaming livelihoods (detached and online joined).
Crucial Framework
Faireum develops its industry-level open blockchain to give the imaginative reason to its stage. The Faireum blockchain natural network fuses record centers, P2P sorting out, a virtual machine for Smart Contracts and a ton of rules for the token course, which consolidates token reward, portion door, modernized asset exchange, and cross-chain atomic swap.
Security
Concentrated structures can't ensure 100% security nor have a high adjustment to inside disappointment.
High costs
The advantage model of wagering stages makes high prices for wagering chairmen.
Negative social reputation
Players have a strong opinion of powerlessness and vulnerability towards counterparties in live beguilements.
Faireum Blockchain Solutions
https://preview.redd.it/tmqlemykvbh21.jpg?width=295&format=pjpg&auto=webp&s=8a5deacdbbe226763780dbcad901f4ab24c87344
Faireum is a blockchain arrange with an Application Programming Interface (API) that is suitable for pariah business providers to access through the agreement framework and the Faireum Virtual Machine (FVM). The Faireum guideline blockchain uses the Web Assembly (WASM) virtual machine as the default runtime for shrewd contracts and Byzantine Fault Tolerance (BFT) + Delegated Proof-of-stake (DPos) as the understanding framework.
Applications for Business
The Faireum Smart Node (FSN) is a blockchain center point that continues running on the customer's PC or wireless, which can give both wallet handiness as a client and go-between convenience as a server.
Token Information
Total supply: 1,200,000,000 100%
Private: 60,000,000 5%
Pre ICO: 120,000,000 10%
Public ICO: 480,000,000 40%
Reward funding pool: 240,000,000 20%
Marketing/Partnership/Airdrop & Bounty program: 120,000,000 10%
Team/DevelopeAdvisor: 120,000,000 10%
Founders: 60,000,000 5%

RoadMap

https://preview.redd.it/65nfkew1wbh21.jpg?width=278&format=pjpg&auto=webp&s=31b7f3ed57ac6c4233a6e1f1cb6bdb1cfa9ed39b
For more info:
Homepage: https://faireum.io
Whitepaper: https://faireum.io/assets/files/Faireum_whitepaper2.0_En.pdf
Facebook: https://www.facebook.com/faireumofficialpage
Twitter: https://twitter.com/faireumofficial
Telegram: https://t.me/faireumofficial
Medium: https://medium.com/@faireumofficial
Instagram: https://www.instagram.com/faireumofficial/
Reddit: https://www.reddit.com/faireumofficial")

Bountyox username: cryptounique
submitted by 1loveone to u/1loveone [link] [comments]

Dogecoin was mentioned in the second biggest Japanese newspaper, Asahi Shinbun, last Wednesday. Article and translation in this post.

BACKGROUND: Asahi Shinbun is Japan's second biggest newspaper. It published an article about cryptocurrencies and their different varieties last Wednesday (May 28).
The text is fairly positive about digital currencies (different regional editions chose less sensationalist headlines, too) and mentions Dogecoin's bobsled sponsorship and that it has "a Japanese Shiba Inu mascot". It is great to see it mentioned with positive connotations, given the little traction that digital currencies and Dogecoin have seemed to have in Japan. It makes me wish we had a Japanese version of our homepage.
Note that we were mentioned alongside Bitcoin and Litecoin as usual and Peercoin, while it had a higher market cap and got into the "main cryptocurrencies" table, did not make it into the text. Such is the power of our charity and amazing Doge. To the moon.
A picture of the original article is here. A different version (nearly identical text, nicer headings) is here.
A typed version of the article (so you can brush up on your Japanese if you like) is in this comment. Typos are likely, feel free to correct.
The translated article is below.

The virtual currency bubble era

Targeting Bitcoin. Over 200 worldwide.
The virtual currency Bitcoin (see footnote) received a lot of attention when the Tokyo-based virtual currency exchange Mt. Gox in Tokyo went bankrupt in February. One after the other, identical virtual currencies are being born. At more than 200 different types, it is a veritable "virtual currency bubble". One of them is even from Japan.
From Japan’s "2 -chan"
Sunday in mid-April, the communal building in Tokyo's Nihonbashi was crowded with about 50 young people in their teens and twenties. It was a meeting of Monacoin users, a virtual currency created in Japan in January.
"CD15MONA " . All over the room, people were selling cakes and books they brought with them for Monacoin. They used a wallet application on their smartphone or tablet to send and receive their coins. The currency was created on the internet forum “2chan”. The basic mechanism is the same as Bitcoin, and there is no central publishing facility or manager. A 17 year old high school student (third year) came from Fukuoka to participate. ”The users are mostly young people. The feeling that we’re creating something is very fun.” Bitcoin, the most common virtual currency, began to be used online in 2009. As it allows faster and cheaper transfers between individuals without using credit institutions, it spread in the Western world. In Japan, too, you can use it in about 30 stores, such as restaurants and hair dressers. The specialty of Litecoin, which is based on Bitcoin, is that it allows for faster transfers. Its market capitalization of 300 million US dollars is second only to Bitcoin's, but its price is only 1/25 (4%) that of Bitcoin. The virtual currency Dogecoin uses a Shiba Inu as its mascot. According to foreign media, it became popular by sending the Jamaican Bobsled team to February’s Sochi Olympics through Dogecoin donations. According to a website collecting the world’s virtual currencies, over 200 virtual currencies currently exist. Each are traded inside particular groups, but there are also a few whose state of management is uncertain, and care should be taken when using them. Hitoshi Okada, Associate Professor of National Institute of Informatics and an expert on the functioning of virtual currencies, states: “Many will be weeded out by natural selection in the market. The extent to which a coin’s exchange market is developed is key to its survival.”
National regulations are loose
Both Japan and the United States agree that the most representative virtual currency Bitcoin is “not currency”. In the United States, where the monitoring of money laundering is severe, unlicensed funds moved into the country are seized. In May 2013, about 500 Million Yen have been seized by the US government after affiliate companies of the now bankrupt Mt. Gox have sent repeated undeclared transfers. In March 2013 “FinCEN”, the financial crime investigation agency of the US Treasury Department, had released guidelines for the necessary registration of virtual currency exchanges. In Japan, responsible authorities have not even been decided yet. At a conference at the end of April, Minister of Finance Taro Aso said, “(The Agency) has not finalized the formal procedures. There are only talks and meetings.” The government’s position on regulation is that “if there is a need, we will investigate the appropriate response”. As many virtual currencies’ creators and managers are unknown and there is no specific target to regulate, many countries struggle to find a solution. Some say that in order to make the best use of a new technology, regulations should be kept minimal.
(footnote) Virtual currency
“Money” used by specific groups, on the internet or in video games. Based on the structure of Bitcoin, it enables transfers between individuals without using any intermediary financial institutions, and thus allows for faster and cheaper transfers. However, unlike currencies such as the Yen and Dollar, there are no special publishing and managing institutions, and no authority required to back transactions. The price changes constantly due to supply and demand.
submitted by animeturtles to dogecoin [link] [comments]

Million Dollar Bitcoin Giveaway - Millionco.in

We've recently launched Millionco.in and we're hoping to be able to distribute a Million (USD) worth of Bitcoin to the masses! Think MillionDollarHomepage but with Bitcoin and rather then us keeping it we redistribute it to the people who are clicking on the ads.
Our main goal is to help bring new comers into the ecosystem by giving them a fun and simple way to get Bitcoin.
Are you a WebmasteProject Manager?
8x8 pixel squares can be bought for 0.1 Bitcoin. (This is much less then MDHP was back in 2005) These spots will be getting far greater clicks as there being incentivized.
Are you a Bitcoin enthusiast?
Signup to the site and start clicking, Those clicks will be generating you Bitcoin! Help grow the Bitcoin ecosystem! Get the word out to your friends about how they can get into Bitcoin. It's as easy as adding your Bitcoin address and clicking ads and we'll send your earnings to your wallet.
http://millionco.in
Basics:
Click ads for Bitcoin Payout threshold is $1 USD Clicks vary in price but the emphasis here is on free bitcoin not quitting your dayjob.
submitted by willf_ckforkarma to beermoney [link] [comments]

DigiByte Giveaway! Some great reasons to become part of our fantastic community. Join us today to get your hands on some free DigiBytes

. [ GIVEAWAY NOW CLOSED ] . Become part of the fantastic DigiByte community today and the team at DigiByte Store will reward you with your first 50 DigiBytes for free to start you off (first 200 people). Keep reading to find out how. . About DigiByte . DigiByte is a professional & transparent decentralized cryptocurrency that has been designed to address several of the weaknesses of Bitcoin & Litecoin. It is a secure world-wide decentralized payment network, inspired by Bitcoin but with many enhancements and extra features. You send & receive DigiBytes much like PayPal & Western Union transfer money but with vast improvements, including lightning fast transactions with minimal or no fees. . We are now seeing the death of the common home based Bitcoin miner, and the emergence of large ASIC mining companies. The development team felt this centralization of hash power goes against the main principles upon which Bitcoin was created. Given this reason and others they have decided to use Scrypt with DigiByte and implement the innovative DigiShield which is quickly being adopted by other coins such as Dogecoin to protect against multi-pool attacks. . Why use DigiByte? . 1) Speed: DigiByte is blazing fast! Much faster than Bitcoin & Litecoin, and fast enough to buy coffee from a merchant in just a few seconds with the press of a button on a smart phone! . 2) Transactional Currency: With 21 billion coins, DigiByte will primarily become a worldwide currency traded for goods & services, and not a volatile speculative commodity like Bitcoin. DigiByte has a natural ratio of 1BTC:1000DGB to Bitcoin. This means that if Bitcoin is worth $1,000 DigiByte should be worth $1 -$10; a perfect price for buying goods & services. No one likes to look in their wallet and see that they have 0.001 coins; 1,000 DigiBytes are much more appealing. . 3) Community: DigiByte was planned and designed for over a month before launch. Since then, the community around DigiByte has continued to grow and contribute to its success. . 4) Fair Launch: DigiByte was announced more than 3 days ahead of time. It was delivered at the exact minute advertised with a countdown timer for a fair launch. Over a half million dollars in hardware were thrown at the network in the first few minutes alone. . 5) Transparency: The pre-mine of DigiByte is publicly posted and is used to further the long-term success of DigiByte. . 6) DigiByte Name: You store data in megabytes & gigabytes. Why not store money in DigiBytes? . Pre-Mine Details: . 52.5 million DGB for giveaways over first two months to encourage adoption of DGB. Giveaway address will be publicly posted on website with a public record of all transactions. . 52.5 million DGB for development expenses to further DigiByte and help it become a mainstream currency. Development account address will be publicly posted on website with a public record of all transactions and their purpose. . Our goal is to be transparent and accountable with the 0.5% pre-mine to ensure a bright future for DigiByte. (Pre-mine is now effectively only 0.2%) . Pre-Mine Accounts: . Giveaway Account: DFsSa6kVoCyHK8ryZYDNX2fi5294kSuH2Q Initial Balance: 52,500,000.00 DGB Current Balance: 00.00 DGB . Development Account: DQkqGjRqyfsmzFQ27tPK2PNJe7gPZUVm1U Initial Balance: 52,596,000.00 DGB Current Balance: 45,000,000.00 DGB . About the DigiByte Store . The DigiByte Store was set up primarily to make DigiBytes easily accessible to as many people as possible around the world, by allowing people to purchase their desired amount of DigiBytes in their preferred currency, securely by using a PayPal account. The purchased amount of DigiBytes will then be sent to the chosen wallet address supplied. This service makes it easy and safe for anyone that is new to cryptocurrency to get their hands on their first few coins. It also provides a more convenient option to experienced users as they no longer have to deal with the hassle of purchasing through exchanges. . The giveaway! . For you to get your hands on your first 50 DigiBytes free of charge you need to follow the few simple steps below: . 1) Download a wallet to put you DigiBytes in either from www.digibyte.co or www.digibytestore.co. Wallet download links are available on the homepages of both sites. Choose the correct download for the platform you are using e.g. Windows, Mac OSX, Ubuntu, Android (For smartphones and tablets etc.) . 2) Once you have downloaded a wallet you need to open it to let it synchronize with the blockchain. This will happen automatically when you open your wallet and may take a bit of time the first time you open it. . 3) Copy your wallet address from your wallet by clicking on the ‘Receive coins’ button, highlight your wallet address by clicking once on the wallet address below and then click the ‘Copy Address’ button at the bottom of the page. The address will look something like this: DA58HrYSK3CmvH4AY6MfdKNovGaRmBQl54 . 4) Paste your wallet address into an email and send it to [email protected] to get your 50 DigiBytes sent to your wallet. . If you have any problems please contact [email protected] and we will be more than happy to assist you further. . To get your hands on more DigiBytes why not visit the DigiByte Store to top up your wallets. . Why not subscribe to the DigiByte subreddit (http://www.reddit.com/Digibyte) to stay up to date with the exciting new things that are happening. . Thank you for your support! . The DigiByte Store Team
submitted by gaza1512 to CryptoCurrency [link] [comments]

$10 Million dollar bitcoin? Uh, NO! The Case For $1 Million Dollar BITCOIN (Part 1) Bitcoin At $1 Million By 2020 Is Still Possible And Might ... 10 Million Dollar Bitcoin End Game How to mine $1,000,000 of Bitcoin using just a laptop ...

Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. Newcomers to Bitcoin are often lost when picking a wallet to use. Bitcoin wallets are a very complex topic for new users. There are tons of different kinds of wallets, and all have a different set of security and privacy tradeoffs. Basically, the easiest way to understand it all, is to keep in mind the hodler’s mantra of “not your keys, not your Bitcoin”. We’ll be taking a look at a ... Im Netz tummeln sich allerlei Bitcoin Millionär Erfahrungen. WIr zeigen, was hinter dem Trading Bot steckt und ob der Anbieter seriös ist. Nachdem der Bitcoin Ende 2017 fast die 20.000 US Dollar-Marke knackte, wurden auch all jene aufmerksam, die sich bislang gar nicht für digitale Währungen, dazu gehören etwa der Bitcoin, Ethereum oder auch der Ripple, interessierten. Another hack has hit Bitcoin. Over a million dollars have been stolen from a service that offered a digital wallet service for owners of Bitcoin, according to the owner of the site. The site was... Alternativ können Sie Ihren Account auf Bitcoin.de als Bitcoin Online Wallet nutzen, um Ihre Bitcoins sicher zu verwahren. ... Das IT-Unternehmen MicroStrategy begann im August, für 250 Millionen Dollar Bitcoins zu kaufen, weil es sich nicht länger wohl damit fühlt, Cashreserven in Dollar zu halten. Nun hat das Unternehmen weitere 175 Millionen Dollar in die Kryptowährung investiert. Das ...

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$10 Million dollar bitcoin? Uh, NO!

👕Merch: https://teespring.com/stores/tokenvision Follow me on Twitter/Instagram for Latest: 🐦https://twitter.com/TokenVision99 📸https://www.instagram.com/tok... Million Dollar Bitcoin Value? Roger Ver Weighs In On Why He Thinks It's Possible ... the best website to learn how to get started with Bitcoin, options for setting up a free wallet, the future of ... Hal Finney Predicted $10 Million Per BTC https://coinfomania.com/late-hal-finney-predicted-10-million-per-btc/ One of the last posts made by Hal Finney on bi... Binance - http://bit.ly/2pZgONI Ledger Hardware Wallet https://www.ledgerwallet.com/r/ae80 Twitter - https://twitter.com/cryptotplusd Bitcoin Donations Addre... 20 Million Dollar Bitcoin End Game - Duration: 12:32. Crypto Love 8,163 views. 12:32. Bitcoin At $1 Million By 2020 Is Still Possible And Might Be A Discount Says James Altucher - Duration: 13:56. ...

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