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[For Hire] Marketing and SEO

My name is Zack Frederick and I started doing marketing several years ago as i began my first yoga ‘e-business', realising very quickly that the difference between me and the next John Doe wasn’t the product but the presentation. So I set about, by trial and error, learning how I could sell more Yoga mats than John Doe. It wasn’t long before I realised I was very good at the marketing aspect, and I didn’t really like things like warehousing and distribution.
Today I’m most interested in building reports, designing paid campaigns and helping with Instagram.
I’ve compiled a few free tips for general marketing and SEO.

Brand awareness

First off. Influencers will not magically make your website successful. You have to be your own influencer. Over my tenor, I have spent thousands on social media analysis, rebranding and learning tricks like sticking state names across American products or even changing the colour of my website depending on the demographics of my audience. Spoilers, guys love red. Here’s an example data set. https://imgur.com/gallery/7OHIx
Last year, I ran a campaign for one of my shoe clients, and we used the pride of state consumers to grow his shoe business. I researched the best colours to use for different states and gave him a list, we put the state names across his shoes and marketed directly to them through instagram. It wasn’t long before his conversion metrics were soaring.
Here's an example report from one of my clients - https://prnt.sc/iisqv8

Value

I have worked with a lot of musicians, a big part of them started with low view, audio-only videos. I learnt quickly that for them to achieve success they had to provide value, so i told them to create videos. They did and then ta-da, they had 4500 views when they only had 200 view music videos before. For the next step, I even got them contacts with massive digital celebrities. My proudest connection having been ‘Ninja’ during the height of his fortnite campaign, I organised the marketing behind several viral Fortnite music parodies with now millions of views.

Trend riding

Make use of trends in your business. If something is so mainstream and big, why ignore it? In the past I have made use of the political trends in the American election with trump AND hillary brands on some of my clients products, with the pro trump and pro hillary supporters wanting to sport their political beliefs no matter the cost.
I see a lot of website based businesses underuse social media with broad attempts at Facebook ads and Instagram ads, ill go to digital marketing agencies and see they either have no social following or a huge botted one. It's a terrible idea to buy followers, if you want to cut corners then you should look at buying a smaller business with a bigger social following.
Here’s the impressions from a tweet I made on the first day of creating a company a twitter platform and using trend riding and collaboration to grow it https://prnt.sc/huziu6 4K Impressions on one tweet in 15 minutes - we hit 80k impressions in the first day. I did this from simply mimiking the formula for success from a similiar company account, i don't want to try change the magic formula for success.

Direction

Adapt

You really do have to stay in touch with your business to know what's working and what isn't, companies like Toys R Us refused to do that and stuck with huge stockpiles of star wars toys and then they collapsed. Blockbusters where ahead of the curve for digital movies and then they refused to change, Netflix changed and Netflix won. Amazon learnt to use online selling and left companies like Tescos with financial crisis.
The big boom in marketing that I’ve seen is social media marketing, marketers can create huge social following for companies and use that platform to sell content for extremely low costs in comparison to the tens of thousands it costs to use other platforms such as radio. Social media marketing has become somewhat controversial, but it is important to always stay open minded.

Collaboration** & Viral content

I can not stress the importance of working with other people. Every billionaire i know of has had a mentor, every big company success story had business partners. I've had far more success in clients who have listened to me and done collaborative work with digital celebs, with a dog product business making thousands of sales when they worked with vlogger Zoella and gave her free products.
Viral content is very important because every Youtuber with over 1 million subscribers has started off big and managed to keep it big, nobody grinded and slowly rose up at an equal exponent. Hard work is fine but being consistent and mixing it up, copying the viral content of others is an easy way of bringing in secondary viewership and traffic. Pewdiepie, the biggest youtuber on the planet, started with viral horror content. Ninja, the biggest streamer, grinded for 7 years but only truly struck gold with the virality of Fortnite. So it makes sense to repeat their methods.

Key words

It is an obvious thing to say but it's neglected, key words are very important. I had a crypto business come to me and ask why their site wasnt doing very well, and i looked through it and saw they never mentioned anything beyond bitcoin. Bitcoin is a very expensive key word to market, with costs of the raw word being as high as 38$ per click. I had to bring them down to earth with harsh truths, i rewrote their entire site using SEM tools in mind - with key words and phrases like "Altcoin exchange" and using the names of the top 100 altcoins across the site.

SEO

Search Engine Optimisation is the name given to increasing the value and raw volume of your organic traffic. A successful website always wants as many of the most likely consumer base to encounter their product because that’s the hardest point of digital business. Your websites SEO is determined by crawlers which regularly check up on your website and update their index which is later used by an algorithm to order results when someone ‘googles’ something.
Today I’m going to be talking you through some key points about SEO that I personally audit for businesses.

Domains

Https://Www.Example.Com is an example of something we call a ‘root domain’ which is made up of protocol (https://) subdomain (www.) domain name (example) and top-level domain (.com). These are the basic parts. It’s important that the protocol is the best and safest it can be or else google will punish you. It’s also important your domain name and top-level domain are appropriate and readable. The words used in your subdomain can also affect how customers interpret your website, websites can be named after their market base for easy marketing. In addition, the age and previous registrations of your domain matter. It’s important these factors are appropriately considered in your website. Be minimal with subdomains.

Targeting

Google knows where it’s users are and what they’re using from their browser data, IPs and MACs and then matches them with websites in their areas or appropriate to searches. Ever since the infamous 2016 update ‘Possum’ it is not something you can ignore. Even jobs based websites had to use the meta data ‘Jobs Schema’ (from 2017 onwards) to tell google where your website was focused. Location specific landing pages matter. You have to pay credence to DNS (domain name server) and Glue to keep TTL (time to load) and mobile in mind, especially with more mobile users than ever. CMS (customs) is also part of this discussion: themes and plugins are a factor in Google’s ranking. One way to improve TTL is through CDN’s and we have to consider how we approach them to rank better. Sometimes, you might face penalties and there are ways to know; that’s a little too hard to explain here but PM me for more.

Content

Nobody loves a book more than google. Robots will read all your website, even the stuff humans don’t bother with. Things like duplication will annoy Google who doesn’t like reading things twice. CTA’s (buttons basically) have to go somewhere nice and if they don’t work properly google will punish you. Human biases are important too. The user experience will effect their retention and Google will clock that. There’s also lots of minor things that can stack up: Filenames (help you rank on Images) Thin content (Google sees it as lazy) phrase diversity (spamming key words is noticed) and URL structures too! Make sure your in and outbound links are healthy as well as having keyword mapping where you assign the correct words to the right pages. Make sure your anchor texts (viewable when linking) are descriptive yet succinct. And finally: link velocity, a healthy eco system of link building is important to longevity and renewed SEO.

Technical Stuff.

Consistent anchor elements are important to prevent 404s. Don’t use abbreviations with naming files and folders. Limit use of dates for file folder names. Your site architecture has to be simple and close to the root domain so the click depth isn’t too great! Links to and from your site can’t be dead ends, and use breadcrumbs! Be wary of canonical issues from similar content across multiple URLs. Treat Cookies and Session IDs properly, privacy laws are ever changed and mismatching them can be dangerous. There’s lots more to go into like header status codes, site maps, GSC Crawl Errors but Reddit has a text limit so I’ve deleted some of my post.

PM me if interested in my services or with questions.

submitted by Draemeth to forhire [link] [comments]

[For Hire] Marketing and SEO

My name is Zack Frederick and I started doing marketing several years ago as i began my first yoga ‘e-business', realising very quickly that the difference between me and the next John Doe wasn’t the product but the presentation. So I set about, by trial and error, learning how I could sell more Yoga mats than John Doe. It wasn’t long before I realised I was very good at the marketing aspect, and I didn’t really like things like warehousing and distribution.
I’ve compiled a few free tips for general marketing and SEO.

Brand awareness

First off. Influencers will not magically make your website successful. You have to be your own influencer. Over my tenor, I have spent thousands on social media analysis, rebranding and learning tricks like sticking state names across American products or even changing the colour of my website depending on the demographics of my audience. Spoilers, guys love red. Here’s an example data set. https://imgur.com/gallery/7OHIx
Last year, I ran a campaign for one of my shoe clients, and we used the pride of state consumers to grow his shoe business. I researched the best colours to use for different states and gave him a list, we put the state names across his shoes and marketed directly to them through instagram. It wasn’t long before his conversion metrics were soaring.
Here's an example report from one of my clients - https://prnt.sc/iisqv8

Value

I have worked with a lot of musicians, a big part of them started with low view, audio-only videos. I learnt quickly that for them to achieve success they had to provide value, so i told them to create videos. They did and then ta-da, they had 4500 views when they only had 200 view music videos before. For the next step, I even got them contacts with massive digital celebrities. My proudest connection having been ‘Ninja’ during the height of his fortnite campaign, I organised the marketing behind several viral Fortnite music parodies with now millions of views.

Trend riding

Make use of trends in your business. If something is so mainstream and big, why ignore it? In the past I have made use of the political trends in the American election with trump AND hillary brands on some of my clients products, with the pro trump and pro hillary supporters wanting to sport their political beliefs no matter the cost.
I see a lot of website based businesses underuse social media with broad attempts at Facebook ads and Instagram ads, ill go to digital marketing agencies and see they either have no social following or a huge botted one. It's a terrible idea to buy followers, if you want to cut corners then you should look at buying a smaller business with a bigger social following.
Here’s the impressions from a tweet I made on the first day of creating a company a twitter platform and using trend riding and collaboration to grow it https://prnt.sc/huziu6 4K Impressions on one tweet in 15 minutes - we hit 80k impressions in the first day. I did this from simply mimiking the formula for success from a similiar company account, i don't want to try change the magic formula for success.

Direction

Adapt

You really do have to stay in touch with your business to know what's working and what isn't, companies like Toys R Us refused to do that and stuck with huge stockpiles of star wars toys and then they collapsed. Blockbusters where ahead of the curve for digital movies and then they refused to change, Netflix changed and Netflix won. Amazon learnt to use online selling and left companies like Tescos with financial crisis.
The big boom in marketing that I’ve seen is social media marketing, marketers can create huge social following for companies and use that platform to sell content for extremely low costs in comparison to the tens of thousands it costs to use other platforms such as radio. Social media marketing has become somewhat controversial, but it is important to always stay open minded.

Collaboration** & Viral content

I can not stress the importance of working with other people. Every billionaire i know of has had a mentor, every big company success story had business partners. I've had far more success in clients who have listened to me and done collaborative work with digital celebs, with a dog product business making thousands of sales when they worked with vlogger Zoella and gave her free products.
Viral content is very important because every Youtuber with over 1 million subscribers has started off big and managed to keep it big, nobody grinded and slowly rose up at an equal exponent. Hard work is fine but being consistent and mixing it up, copying the viral content of others is an easy way of bringing in secondary viewership and traffic. Pewdiepie, the biggest youtuber on the planet, started with viral horror content. Ninja, the biggest streamer, grinded for 7 years but only truly struck gold with the virality of Fortnite. So it makes sense to repeat their methods.

Key words

It is an obvious thing to say but it's neglected, key words are very important. I had a crypto business come to me and ask why their site wasnt doing very well, and i looked through it and saw they never mentioned anything beyond bitcoin. Bitcoin is a very expensive key word to market, with costs of the raw word being as high as 38$ per click. I had to bring them down to earth with harsh truths, i rewrote their entire site using SEM tools in mind - with key words and phrases like "Altcoin exchange" and using the names of the top 100 altcoins across the site.

SEO

Search Engine Optimisation is the name given to increasing the value and raw volume of your organic traffic. A successful website always wants as many of the most likely consumer base to encounter their product because that’s the hardest point of digital business. Your websites SEO is determined by crawlers which regularly check up on your website and update their index which is later used by an algorithm to order results when someone ‘googles’ something.
Today I’m going to be talking you through some key points about SEO that I personally audit for businesses.

Domains

Https://Www.Example.Com is an example of something we call a ‘root domain’ which is made up of protocol (https://) subdomain (www.) domain name (example) and top-level domain (.com). These are the basic parts. It’s important that the protocol is the best and safest it can be or else google will punish you. It’s also important your domain name and top-level domain are appropriate and readable. The words used in your subdomain can also affect how customers interpret your website, websites can be named after their market base for easy marketing. In addition, the age and previous registrations of your domain matter. It’s important these factors are appropriately considered in your website. Be minimal with subdomains.

Targeting

Google knows where it’s users are and what they’re using from their browser data, IPs and MACs and then matches them with websites in their areas or appropriate to searches. Ever since the infamous 2016 update ‘Possum’ it is not something you can ignore. Even jobs based websites had to use the meta data ‘Jobs Schema’ (from 2017 onwards) to tell google where your website was focused. Location specific landing pages matter. You have to pay credence to DNS (domain name server) and Glue to keep TTL (time to load) and mobile in mind, especially with more mobile users than ever. CMS (customs) is also part of this discussion: themes and plugins are a factor in Google’s ranking. One way to improve TTL is through CDN’s and we have to consider how we approach them to rank better. Sometimes, you might face penalties and there are ways to know; that’s a little too hard to explain here but PM me for more.

Content

Nobody loves a book more than google. Robots will read all your website, even the stuff humans don’t bother with. Things like duplication will annoy Google who doesn’t like reading things twice. CTA’s (buttons basically) have to go somewhere nice and if they don’t work properly google will punish you. Human biases are important too. The user experience will effect their retention and Google will clock that. There’s also lots of minor things that can stack up: Filenames (help you rank on Images) Thin content (Google sees it as lazy) phrase diversity (spamming key words is noticed) and URL structures too! Make sure your in and outbound links are healthy as well as having keyword mapping where you assign the correct words to the right pages. Make sure your anchor texts (viewable when linking) are descriptive yet succinct. And finally: link velocity, a healthy eco system of link building is important to longevity and renewed SEO.

Technical Stuff.

Consistent anchor elements are important to prevent 404s. Don’t use abbreviations with naming files and folders. Limit use of dates for file folder names. Your site architecture has to be simple and close to the root domain so the click depth isn’t too great! Links to and from your site can’t be dead ends, and use breadcrumbs! Be wary of canonical issues from similar content across multiple URLs. Treat Cookies and Session IDs properly, privacy laws are ever changed and mismatching them can be dangerous. There’s lots more to go into like header status codes, site maps, GSC Crawl Errors but Reddit has a text limit so I’ve deleted some of my post.

PM me if interested in my services or with questions.

submitted by Draemeth to forhire [link] [comments]

[For Hire] Marketing and SEO

My name is Zack Frederick and I started doing marketing several years ago as i began my first yoga ‘e-business', realising very quickly that the difference between me and the next John Doe wasn’t the product but the presentation. So I set about, by trial and error, learning how I could sell more Yoga mats than John Doe. It wasn’t long before I realised I was very good at the marketing aspect, and I didn’t really like things like warehousing and distribution.
Today I’m most interested in building reports, designing paid campaigns and helping with Instagram.
I’ve compiled a few free tips for general marketing and SEO.

Brand awareness

First off. Influencers will not magically make your website successful. You have to be your own influencer. Over my tenor, I have spent thousands on social media analysis, rebranding and learning tricks like sticking state names across American products or even changing the colour of my website depending on the demographics of my audience. Spoilers, guys love red. Here’s an example data set. https://imgur.com/gallery/7OHIx
Last year, I ran a campaign for one of my shoe clients, and we used the pride of state consumers to grow his shoe business. I researched the best colours to use for different states and gave him a list, we put the state names across his shoes and marketed directly to them through instagram. It wasn’t long before his conversion metrics were soaring.
Here's an example report from one of my clients - https://prnt.sc/iisqv8

Value

I have worked with a lot of musicians, a big part of them started with low view, audio-only videos. I learnt quickly that for them to achieve success they had to provide value, so i told them to create videos. They did and then ta-da, they had 4500 views when they only had 200 view music videos before. For the next step, I even got them contacts with massive digital celebrities. My proudest connection having been ‘Ninja’ during the height of his fortnite campaign, I organised the marketing behind several viral Fortnite music parodies with now millions of views.

Trend riding

Make use of trends in your business. If something is so mainstream and big, why ignore it? In the past I have made use of the political trends in the American election with trump AND hillary brands on some of my clients products, with the pro trump and pro hillary supporters wanting to sport their political beliefs no matter the cost.
I see a lot of website based businesses underuse social media with broad attempts at Facebook ads and Instagram ads, ill go to digital marketing agencies and see they either have no social following or a huge botted one. It's a terrible idea to buy followers, if you want to cut corners then you should look at buying a smaller business with a bigger social following.
Here’s the impressions from a tweet I made on the first day of creating a company a twitter platform and using trend riding and collaboration to grow it https://prnt.sc/huziu6 4K Impressions on one tweet in 15 minutes - we hit 80k impressions in the first day. I did this from simply mimiking the formula for success from a similiar company account, i don't want to try change the magic formula for success.

Direction

Adapt

You really do have to stay in touch with your business to know what's working and what isn't, companies like Toys R Us refused to do that and stuck with huge stockpiles of star wars toys and then they collapsed. Blockbusters where ahead of the curve for digital movies and then they refused to change, Netflix changed and Netflix won. Amazon learnt to use online selling and left companies like Tescos with financial crisis.
The big boom in marketing that I’ve seen is social media marketing, marketers can create huge social following for companies and use that platform to sell content for extremely low costs in comparison to the tens of thousands it costs to use other platforms such as radio. Social media marketing has become somewhat controversial, but it is important to always stay open minded.

Collaboration** & Viral content

I can not stress the importance of working with other people. Every billionaire i know of has had a mentor, every big company success story had business partners. I've had far more success in clients who have listened to me and done collaborative work with digital celebs, with a dog product business making thousands of sales when they worked with vlogger Zoella and gave her free products.
Viral content is very important because every Youtuber with over 1 million subscribers has started off big and managed to keep it big, nobody grinded and slowly rose up at an equal exponent. Hard work is fine but being consistent and mixing it up, copying the viral content of others is an easy way of bringing in secondary viewership and traffic. Pewdiepie, the biggest youtuber on the planet, started with viral horror content. Ninja, the biggest streamer, grinded for 7 years but only truly struck gold with the virality of Fortnite. So it makes sense to repeat their methods.

Key words

It is an obvious thing to say but it's neglected, key words are very important. I had a crypto business come to me and ask why their site wasnt doing very well, and i looked through it and saw they never mentioned anything beyond bitcoin. Bitcoin is a very expensive key word to market, with costs of the raw word being as high as 38$ per click. I had to bring them down to earth with harsh truths, i rewrote their entire site using SEM tools in mind - with key words and phrases like "Altcoin exchange" and using the names of the top 100 altcoins across the site.

SEO

Search Engine Optimisation is the name given to increasing the value and raw volume of your organic traffic. A successful website always wants as many of the most likely consumer base to encounter their product because that’s the hardest point of digital business. Your websites SEO is determined by crawlers which regularly check up on your website and update their index which is later used by an algorithm to order results when someone ‘googles’ something.
Today I’m going to be talking you through some key points about SEO that I personally audit for businesses.

Domains

Https://Www.Example.Com is an example of something we call a ‘root domain’ which is made up of protocol (https://) subdomain (www.) domain name (example) and top-level domain (.com). These are the basic parts. It’s important that the protocol is the best and safest it can be or else google will punish you. It’s also important your domain name and top-level domain are appropriate and readable. The words used in your subdomain can also affect how customers interpret your website, websites can be named after their market base for easy marketing. In addition, the age and previous registrations of your domain matter. It’s important these factors are appropriately considered in your website. Be minimal with subdomains.

Targeting

Google knows where it’s users are and what they’re using from their browser data, IPs and MACs and then matches them with websites in their areas or appropriate to searches. Ever since the infamous 2016 update ‘Possum’ it is not something you can ignore. Even jobs based websites had to use the meta data ‘Jobs Schema’ (from 2017 onwards) to tell google where your website was focused. Location specific landing pages matter. You have to pay credence to DNS (domain name server) and Glue to keep TTL (time to load) and mobile in mind, especially with more mobile users than ever. CMS (customs) is also part of this discussion: themes and plugins are a factor in Google’s ranking. One way to improve TTL is through CDN’s and we have to consider how we approach them to rank better. Sometimes, you might face penalties and there are ways to know; that’s a little too hard to explain here but PM me for more.

Content

Nobody loves a book more than google. Robots will read all your website, even the stuff humans don’t bother with. Things like duplication will annoy Google who doesn’t like reading things twice. CTA’s (buttons basically) have to go somewhere nice and if they don’t work properly google will punish you. Human biases are important too. The user experience will effect their retention and Google will clock that. There’s also lots of minor things that can stack up: Filenames (help you rank on Images) Thin content (Google sees it as lazy) phrase diversity (spamming key words is noticed) and URL structures too! Make sure your in and outbound links are healthy as well as having keyword mapping where you assign the correct words to the right pages. Make sure your anchor texts (viewable when linking) are descriptive yet succinct. And finally: link velocity, a healthy eco system of link building is important to longevity and renewed SEO.

Technical Stuff.

Consistent anchor elements are important to prevent 404s. Don’t use abbreviations with naming files and folders. Limit use of dates for file folder names. Your site architecture has to be simple and close to the root domain so the click depth isn’t too great! Links to and from your site can’t be dead ends, and use breadcrumbs! Be wary of canonical issues from similar content across multiple URLs. Treat Cookies and Session IDs properly, privacy laws are ever changed and mismatching them can be dangerous. There’s lots more to go into like header status codes, site maps, GSC Crawl Errors but Reddit has a text limit so I’ve deleted some of my post.

PM me if interested in my services or with questions.

submitted by Draemeth to forhire [link] [comments]

Hoo Launches BCH & BSV Halving Campaign

Hoo Launches BCH & BSV Halving Campaign
Dear Hoo users,
For BCH and BSV are halving their block rewards this month. Hoo decided to launch campaigns related to the halving. Those who trade BCH and BSV on Hoo will have a chance to share the Halving Gift Packs.
Time: on Apr. 9, 2020- Apr. 13, 2020
Cryptocurrency: BTC, BCH, BSV
Campaign 1: Halving Mining Rewards, Double Trading Bonus
Users who make BTC, BCH and BSV daily transactions during the event are qualified to get the reward. Users whose net buy volume (in USDT) ranked top 3 will get a BCH / BSV Gift Pack!

https://preview.redd.it/uf5xlhq9frr41.png?width=674&format=png&auto=webp&s=a36dededf22872b75f56314fe5fb226f5997fd61
Campaign 2: Bitcoin Family Financing Session, Active Users Enjoy Interest+ Coupon
Hoo’s BVS/BCH/BTC halving earnings are higher than the other exchanges. In addition, Hoo will pick up 20 active trading users daily in Hoo community and send free Hoo coin + interest coupon. Come and enjoy higher profits!

https://preview.redd.it/kbl9r4bdfrr41.png?width=678&format=png&auto=webp&s=5311943f590ed80b073fbe6cf2c8943ae9dc2e0f
https://preview.redd.it/ws7xr4bdfrr41.png?width=667&format=png&auto=webp&s=fa9b2b37e550939ad2544203755889c8205a0d9a
Rules:
  1. Event interval: 00:00:00:00–24:00:00:00(UTC + 8). We will calculate the total net buy value of the three coins in USDT. Top 3 traders will get the Gift Pack;
  2. The second and third prizes of Net Purchase Trading Bonus campaign depend on the price of BCH / BSV on the same day. If the price of BCH is higher than BSV, BCH will be awarded to the second prize and BSV was awarded to the third prize. Vice versa;
  3. Net buying formula: Net Purchase = Buying Volume - Selling Volume ;
  4. Hoo will announce the winners of the daily net purchase ranking and the awards will be distributed within 3 working days;
  5. Hoo interest+ coupon will be disturbed via lucky draw, and launched by hoo community admin(telegram group). Winners will be announced at 13:00(UTC+8) everyday, and the coupon can be directly used to buy any of our financing product during the campaign;
  6. The activity of the final interpretation of the right to the Hoo platform all.

Hoo Team
April 8, 2020
submitted by Hooexchange to u/Hooexchange [link] [comments]

BitMax.io & Lambda Joint AMA

BitMax.io & Lambda Joint AMA
George Cao :Let’s welcome lambda team . Xiaoyang and Lucy
Lambda: Hello friends from BitMax ~~ I am Lucy Wang, Co-founder and CMO of Lambda. I am very happy to e-meet with you here and thx for George's invitation. I on behalf of Lambda wish all of you a merry Christmas and prosperous new year in 2019
George Cao: Great. I am a bit surprised to see a big volume day yesterday Christmas. Seems our users didn’t take a break even on holidays :)
Lambda: I'd like to take this opportunity to introduce myself first, I have over 14 years of progressive career development with global leading enterprise software / service organizations as well as VC-backed start-up ventures, including HP, Oracle, and SAP. Before Lambda I was CMO/GM at two enterprise SaaS start ups in China backed by top VCs.
And my partner Mr. He Xiaoyang, who is the founder of Lambda, he is a well-known expert in infrastructure and open source software in China. Prior to Lambda, he was the co-founder of OneAPM, a fast-growing infrastructure software focusing on ITOM (IT operation management) in China. OneAPM is known as the “New Relic or AppDynamics of China” and the company has received strong VC backing from Matrix Partners, Chengwei Capital, and Qiming Venture. Prior to his entrepreneur experiences, Mr. HE worked at BEA as a R&D software engineer. In addition, Mr. HE is also a blogger with strong following in China and some of his articles have been published by major media such as Forbes China, 36Kr, Sina, etc.
Lambda idea was born at the end of year 2017 and the product development started from the beginning of 2018. Now let me talk about Lambda idea and what we do
Lambda, is the leading decentralized infrastructure project providing secure, reliable, and infinitely scalable decentralized storage network that enables data storage, data integrity check, security verification, and marketplace for storage-related services on the Lambda Chain Consensus Network.
In recent years, there have been frequent data leakage problems in major Internet platforms at home and abroad, and even business giants such as Facebook and Marriott have not been spared. Returning the value of data to data owners is an inevitable trend in line with human pursuit of freedom. The block-chain technology with P2P features provides an opportunity for this, and this area will be highly valued by the industry in the next few years. Lambda is the only provider of block-chain storage infrastructure projects in China. It is sometimes referred as “File-coin of China”or “File-coin 2.0”.our vision is to return the value of data to the data owner, with this vision in mind, our mission is to promote the decentralization of the Internet, with the goal of creating a storage infrastructure for the next generation of block-chain.
After the Lambda project launch in early 2018, it has received strong support by well-known strategic and financial investors including Bitmain, Viking Capital, FBG Capital, Bluehills, Zhen Fund, FunCity Capital, Ceyuan Digital Fund, BlockVC, INBlockChain, DATA Foundation, Bitcoin World, Reflextion Capital, etc. To date, Lambda has received investment funding in excess of $10M.

https://preview.redd.it/ynaos7rps2721.png?width=1267&format=png&auto=webp&s=77360b7cdf06c288e8c25675f94f5fb9d3d02137
n all the existing decentralized storage projects that are aiming to give a solution to this problem worldwide, Lambda is the first ever to announce its LPDP ( Lambda Provable Data Possession )
George Cao: I see we share several investors in common, So 2019 q1-q2 will be a big milestone for lambda
Lambda: Provable Data Possession (PDP) and Proofs of Retrievability (POR) are critical to efficient decentralized data storage and its implementation, which is the essential difference between centralized network projects and real decentralized storage. Prior to Inter-planetary
File System (IPFS), Lambda launched its minimum viable product (MVP) of core functions in the third quarter of 2018, and has been continuously upgrading and optimizing this in block-chains in a multi-role environment.
File-coin is our main competitor, here is a chart shows the progress comparison FYI

https://preview.redd.it/ewmyh9tqs2721.png?width=1267&format=png&auto=webp&s=cddc52a6d613196f6c0cbf870da42a5b82a8aaa6
For those who have interest to know more about Lambda's technical innovations, they can be find in our keep updating FAQ document posted on Medium, and I copied her FYI
1.Innovatively designed the Validator role which provides verification service for storage proof and the Validator replaces storage miner as the full-time storage proof result verifier, this greatly improves the performance of the storage and retrieval system.
2.In response to the limitations of the PDP algorithm, Lambda innovatively created a consensus network on the block-chain and used the validators role to replace the "TPA" in the PDP algorithm.
3.Innovatively modified the PDP algorithm from synchronous to asynchronous communication, which greatly reduces the communication traffic for Challenge in the system. Use of chain data as a random seed for storage miners to issue Challenge themselves addresses the randomness of TPA challenges.
4.Innovatively upgraded the PDP algorithm from periodic verification to a verification set generated by the miners to submit the verification result at one time, and fully realize the Proof-Of-Space-Time verification.
on top of all the technical, Lambda creates a consensus network where data can be stored, storage space can be rented on the basis of a marketplace built on block-chain.
In the Marketplace, the transaction process is: storage miners pledge hard disk sectors to the consensus network, and place orders and sell their own storage space in the Marketplace; storage users initiate purchase requests, complete the matching of storage requests through the Marketplace, and store data in the space of the storage miners.
Different from other block-chain applications, Lambda is a storage mining project, we have miners mine on Lambda network. Earn LAMB tokens by contributing on the network, and users who have data storing requirements pay Lamb tokens to purchase services accordingly.
The price of Lamb token not only rely on the exchanges but also supported by our miners who are doing works on the network.
There are four roles in the Lambda mining network: storage miners (providers of storage space), verification miners (ensuring the integrity and security of data and packaging transactions), retrieval miners (providing download bandwidth), and users (storage buyers). 1024 verification miners promoted from storage miners constitute the Lambda-chain consensus network. So you will see three types of miners serve our users from all over the world.
The key milestones we are looking at is the launch of test-net, where miners can start mining and earn testing Lamb tokens, the date will be around end of Jan. 2019 and main network will go live in Q2, 2019, most likely in Apr.
Regarding our partnership, In the academic field, we have established a strategic partnership with Beijing Institute of Technology (BIT), which is well known in China for its engineering and computer science research programs, to conduct research into centralized storage.
In the commercial field, Lambda has established a strategic collaboration with IOST, a well-known public blockchain project, and Perlin, a super computing platform, and started to conduct pilot projects for decentralized application (DAPP) companies such as DATA and BCV. Lambda also has close ties to many leading Internet data centers (IDCs) in China. They join the Lambda network as miners and take advantage of their surplus server capacity to engage in the Lambda network ecology.
Q: Will the rest of the code be open sourced? If so when ?
Lambda: we have released the codes of core function module, the test net codes will be released gradually in Jan. pls stay tuned with our official github
Q: What can Lamb tokens be used for?
Lambda: Lambs are tokens in the Lambda ecosystem, which are mainly used in the following scenarios:
A. Users of services in the Lambda ecosystem have to pay with Lambda tokens.
B. Providers of storage services in the system have to pledge a certain number of tokens.
C. Verification nodes in the system have to pledge a certain number of tokens.
D. Verification nodes can obtain a certain number of tokens as accounting rewards.
E. Storage nodes get a certain number of tokens based on their storage capacity and their service level agreements (SLAs).
F. Other roles in the Lambda ecosystem can also obtain a certain number of tokens based on their contributions.
Q: What more incentives does miner gets to mine or rent storage on Lambda?
Lambda: every miner stars from storage miner on Lambda network, they get paid by providing storage space, when their business getting bigger, system will select the top 1024 storage miners and promote them to validator, who will get block generation rewards from system.
Q: how are the 1024 miners selected? Doesn't this become more centralised?
Lambda: we did a survey to the Chinese miners, they mainly fall into two groups, either are waiting FileCoin to go live with purchased mining machine idle at home or they are doing hard drive or graphic cards mining, which has a high requirement to the hardware standard. To mine on Lambda, you need a mining machine ( computer ) that has big storage space ( because the bigger the higher probability you'll be promoted to be a validator ) and the connection to the internet
Q: How much is initial supply?
Lambda: Lambda did two rounds of fund raising, private investors have a lock up terms of 2+4+4 meaning the first 20% of tokens will only be released 2 months listing on exchange. so on the day one listing till 2 months there will be only around 0.5% initial circulation, and after 2 months, 5% in total. in addition to that, as we are recruiting miners to join our network, actually ppl have been in a situation where they can't wait to mine on our testnet. with the mining mechanism we have, miners need to buy Lamb token to get their mining work started, because a certain amount of pledge need to be made
Q: What partnership will lambda and bitmax have in the future?
Lambda: We value the way BitMax doing things and care about projects, we feel like we found the right exchange to be listed, in particular an initial listing. we will work with BitMax and do some joint campaigns to boost the community
George: We have great chemistry with lambda team.
Q: And are you still primary list in there, I heard the list was delay? Is it related to Huobi?
Lambda: you are right, it is related to Huobi, but one thing you can be assured of is that our initial listing on BitMax wont change, but most likely a joint listing with Huobi.
Q: what about the time of primary list?
Lambda: we will primarily list very soon, we are targeting end of this week, now we are in the middle of some technical integration with Huobi
George: We can assure everyone that our team will do our best to protect our investors and serve our listing projects. The promise does not change whether or not if we co-list with huobi.
Q: We get reward to mine ? Any incentive? For testnet
Lambda: Yes, you have two ways obtain Lamb tokens, buy from exchange and earn more from mining, but firstly you have to buy Lamb on BitMax haha. Are you asking the reward from testnet by mining on it? yes, you will get test Lamb token, and they can be redeemed to Lamb token with a ratio that will be specified shortly. on Lambda official website www.lambda.im, we have whitepaper, besides that we also have economic whitepaper to explain how the lambda economic system runs, on Dec. 28 we will launch our yellow paper where we will demonstrate the detailed technical realization and all the parameter setting for mining on Lambda
Q: What are the implications if a miners rig goes offline or they decide to stop?
Lambda: If miners rig goes off, they will not get the reward from the corresponding generated block, if they do cheating there will be punishment from the system, and if they decide to quit, the pledge will be returned
Q: Lambda planning to have own FS?
Lambda: Yes, FS and consensus network is separate. validators and marketplace are on the consensus network, while Files are in the File System.
Q: Is Lambda GDPR friendly?
Lambda: yes, we are
Q: Hi can u explain what’s the requirements of decentralized data . Do You think big companies will like to use lambda services .... or it’s for medium level enterprises as big companies will go for their in house system with their reliable nodes ...
Lambda: this is a good question, from I seeing it, ppl call out the protection of privacy, it is a trend and it takes steps. Lambda has two big groups of prospects users, one is DAPPs, another is the general industries such as big data, AI, IoT, Games, Financial, etc, as long as they need massive data storage demand, Lambda has the opportunity, data storage is expensive, especially when we are talking about big data, a lot of companies will value the cost in this area very much. currently we have lighthouse customer like DATA, BCV, VVshare, in the very near future, a game that is developed by Lambda team will also go live on Lambda network. from the BD perspective, Lambda will create a satellite network ( you can take it as channel network ) to bring us customers, we have a few reaching out to us already
Q: Why suddenly launched on Huobi
George Cao: I believe lambda team has its own consideration. Projects esp in bear market are facing pressures from different parties. Investors users exchanges. Not everything is under projects control. What we can do as an exchange is to stand by our partners and fully support them down the road
Lambda: thx for the answer
Q: I think you have made a great choice working with bitmax. Bitmax have really helped push new
coins and their site in general with good PR, marketing and reward/airdrop promotions
Lambda: strongly agree with you
Q: GDPR has taken over the EU and the UK so that is very important
Lambda: you are right, so we see to be GDPR friendly, which is one of our differentiator from FileCoin
Q: Being GDPR friendly , European market is a go for lambda
Lambda: I have this plan to develop European market by having a Raspberry program, it is still in planning.
George Cao: Let’s take a last question and move to lambda community:) And as usual we will pick 3 best questions. We will send out 1000 800 and 500 btmx. @lambda do you want to pick 3 questions ?
Q: Recent partnerships are interesting , can you tell us about coming q1 2019 both in terms of technical and marketing developments ?
Lambda: from Marketing side, we are focusing on Chinese miners community and potential European market ( like I said still in construction ) Korean market is another, and US market to go along our compliance path, Lambda has been strictly abide by the regulations. from technical side, the most important task we are targeting is the main network launch as planned
George Cao: Thanks everyone for your time. It’s a great ama as usual. We do have the best community. We will pick 3 winners and we will announce here after we finish ama in lambda community
Lambda: thank you all for your time to participate the AMA, I had a great time with you, see you friends and have a nice day.
George Cao: Hello everyone, Merry Christmas:)
Lambda: Hello Lambdos. Today we have George, the founder of BitMax to join us for the AMA. Let's give him a warm welcome to do a introduction of BitMax
George Cao: I am George Cao, founder of bitmax. I am happy to take the opportunity to talk to everyone here. Thanks to the lambda team. Let me start with a brief introduction about us.
Bitmax.io (btmx.io) is an exchange founded by a group of Wall Street veterans. Unlike most projects, we are kinda of old :) core team are in their 30ish - 50ish. The 10 founding member have combined of 150 years of Wall st experience. I have 10+ yrs of high frequency trading experience therefore I know the trading system well. That’s why our match engine can handle 400k tps per second vs huobi 1000 tps. We want to build an exchange that is transparent, robust, and efficient. While our system is the best in class, we offer the lowest trading fees. We believe the current high commission will not sustain and we will see consolidating of the exchanges with better depth and liquidity and lower commission. We are happy to partner with lambda, one of the best projects in 2018. We are committed to serve the project and the community. Alright, I am ready to take questions. Anything you can ask, as tough as you want :)
Q: Haha nice platform.
George Cao: Thanks. We are young as a platform but we are working to deliver the best
Q: I see reverse mining is new , I used many other mining exchange but all have normal mining . How does reverse mining works?
George Cao: Reverse mining is an innovative approach that helps the exchange and the project in several ways. 1) the concept of reverse mining is by providing liquidity to the exchange, you get a rebate and deduct out tokens from your account of the same valued. You can think of a otc sell our. 2) the benefit is it removes lots of sell pressure from the secondary market. And provides a strong support for the token price. 3) it introduces lots of liquidity to the exchange and benefits all traders
Q: The BTMX used in reverse mining are locked forever?
George Cao: Yes so the total number of tokens are always reducing your
Q: I've really been enjoying using the bitmax exchange so far especially with the low fees and data usage rewards. Does the exchange plan to bring in a shorting function in the near future?
George Cao: Yes we will have margin and futures trading
Q: It was supposed to December right ?
George Cao: We postponed our margin to Jan. The reason is we want to be more careful on protecting margin call protections.
Q: Margin trading and futures is important for BTMX price to drive up
George Cao: Totally agree
Q: Does BitMax have any activities on New Year's Day?
George: We do have multiple promotional events. Including but not limited to airdrops. Please visit our website and stay tuned
Q: I saw the whitepaper of bitmax, can you talk more about your dividends the formula is really hard for me ?
George Cao: Sure 80% of our commission goes to our fee pool. 1/180 of the total pool will be distributed daily. As long as you are a token holder, the current rate we pay is over 100% annually
Q: Oh I see, so the dividends will be smooth, great idea.
George Cao: Yes unlike other mining exchanges have huge volatility on div we smooth our curve
Q: I've also heard there is a mobile app in the works, is this likely to be released in the near future?
George Cao: Almost done. Beta version is in testing
Q: What about the north American, will it be available in the future?
George Cao: We more cleared our legal path for fiat trading in us. Q1 2019 we will launch in the us
Q: Great news I think this will bring a big volume.
George Cao: Yes agree. Our team is excited as well
Q: With promotional Airdrops that require a certain amount of the BTMX token to be held such as The lamb one that has taken place on the exchange this week. Are tokens that are locked for data usage or in cards taken into account when balance screenshots are taken?
George Cao: Yes we will take that into account
Q: When will be the private sale tokens be released ?
George Cao: As soon as we mined 90m we will start to release
Q: So let me get this right .. you give us FREE BTC and ltc and even Lambda EVERYDAY if we hold BTMX and agree to share our data
George Cao: Free usdt btc eth
Q: Wow. In a bear market, Free btc is the best thing ever
George Cao: We share revenue with our users, 90% is usdt. Not sure if you like it:)
Q: also consider adding coins like ADA and few from top 30. People need more coins
George Cao: We are adding stellar and zcash soon
Q: I heard they are insured Unless we give password to someone hehe
George Cao: Yes we are using custodian service
Q: George are our funds SAFU with you? Exchange insurance? I would say it is With the industry giants backing this exchange
George Cao: Sequoia matrix bitmain fbg dhvc are our equity investors
Q: What’s to stop People dumping BTMX token after free btc Or stop capital investor dumping on retailer
George Cao: They get it every day. Why would they dump? All equity investors can not sell on secondary market. They can only to reverse mining
Q: Will margin allow reverse mining instead of normal mining?
George Cao: Not initially
Q: People do irrational things when btc moves Or whales dumping, I heard there was a lock up token or something. To stop this
George Cao: We required lock our tokens to get rewards. You can request to unlock at anytime but it takes 24 hours to process
Q: Binance is developing DEX any plans for BitMax ?
George Cao: Not anytime soon we have a looong to do:)
Q: It's good you have dex in mind , with improved scalability in future maybe bitmax can build good dex
George Cao: Agree
Q: Retail investors are important , George knows it haha
George Cao: We care most of retails
Q: It would help if they also burned or locked tokens up
George Cao: Yes we permanently locked
Q: Seems you have everything thought of.. but how about moving to Malta?
George Cao: We priority US. Once us is clear pretty much everywhere is clear
Q: Doesn’t any exchange cover US right now?
George Cao: Coinbase but they have 0 international coverage and 0 client service
Q: What sort of systems are in place for abnormal/suspicious activity on the exchange?
George Cao: We prohibit self trading. For unusual trading behavior we ban the account and as for explain in the first violation. For continued violations we permanently ban the account
Q: can we get a glimpse of mobile application ?
George Cao: There is a beta version you can use but we are keep improving
Q: What are the precautions taken to prevent wash trading ?
George Cao: We have pre trade and post trade checksums. E.g we don’t just scan one account. We check or related account
Q: Will market orders and stop-loss orders be available in the future?
George Cao: Yes we are working on it
Q: what do you think of lambda project and community
George Cao: Lambda is definitely one of the best projects this year. We have been working with lambda for months and have lots of respect ion for the team. Community is also great very well organized. I didn’t talk much but I joined lambda tele group for a while. Great interaction
Q: So the trading starts at 8 pm ETC?
George Cao: It’s postponed. Please stay tuned for announcements
Lambda: We will make announcement giving out time and new date.
Q: when please? It's also more professional to be able to give dates and respect them
Lambda Cao: we are working hard and aiming the date of Dec. 29, pls stay tuned, thank you
George: Unfortunately bitmax and lambda don’t have 100% control of the date and time. Huobi is holding the ball
Lambda: The listing dates have been postponed and we don't want to give out a random date. I request you to have patience and wait for official announcement
Lambda: we will try everything to protect retails interest
Q: Can’t let houbi just arrive late to the party?
Lambda: in the long run we may need Huobi to help us better protect us all
George Cao: We trust lambda team can make the best decision for all investors
Q: Have you been busy with listing recently? Anything else?
George Cao: We have been working 24 hours a day including Chris eve :) Listing and app and margin and lots of new improvements
Q: Why would we need huobi with bitmax on our side.
George Cao: Trust me we are as upset. However as an exchange our mission is to serve projects and investors. Please join us in fully supporting any decision lambda team made. We have 100% confidence in lambda
Q: Are you familiar with the REKTbot and SYSTEM OVERLOAD problems at bitmex
George Cao: Yes but still bitmex is the best place to trade future compare with okex
Q: Slap that Hayes fool when bitmax start margin and futures..
George Cao: Haha i don’t want to declare war with them. Let’s be a bit patient :)
Q: Could bitmax handle That volume and not system overload
George Cao: We are 100% confident
George Cao: Alright i have to run for another meeting. It’s been a great ama. Thanks everyone. For any trading related questions please contact our client support. We promise to get in touch in 5 mins 7/24. Thank you all!
Lambda: thank you for participation, have a nice day!
submitted by BitMax_Support to BitMax [link] [comments]

StellarPay Bank - Smart Algorithms

StellarPay Bank - Smart Algorithms

https://preview.redd.it/pcja6fnf23i21.jpg?width=1313&format=pjpg&auto=webp&s=d6a5a14bffecd13905fc6c44fe2996d9be4fb7fc

XLB tackles the issue of high volatility by automatically regulating demand and supply at exchanges. To do that, it uses certain algorithms that encourage coin holders to buy, sell or keep their assets depending on the balance of supply and demand at the given time. Those algorithms resemble activity of central banks that maintain the cost of their national currency, so they are collectively known as StellarPay Bank.
For the functioning of an algorithm of modifying interest rates on “parking” operations, in real-time the following steps are to be completed:
  1. To determine an average weighted cross-rate of XLB/$ to a basket of 10 currencies,which are in the top as for the capitalization level, in real-time.
  2. To correlate an average weighted cross-rate of XLB to the capitalization level and a share in total capitalization of each of 10 specified currencies.
The formula for determining an average weighted cross-rate of XLB to the basket of currencies is as follows:

https://preview.redd.it/5vm0bxtl13i21.png?width=423&format=png&auto=webp&s=33d1c0db8852796325e4db2ea221751db9868cc4
Where y is an average weighted cross-rate of XLB/$.
A simplified version of the formula is as follows:

https://preview.redd.it/e794c6sn13i21.png?width=513&format=png&auto=webp&s=d23cec3584d3c8c247e313def7857369ebcef8fe
M is a current exchange rate of XLM / XLB
C1, C2 … C10 are current exchange rates of the top 10 cryptocurrencies to BTC.
X1, X2… X10 are current exchange rates of the top 10 cryptocurrencies to USD
Q1, Q2... Q10 is a current market capitalization of each of the top 10 cryptocurrencies in USD
Q is a total market capitalization of the top 10 cryptocurrencies in USD
In such a way we get unbiased cross-rate of XLB to USD. The change of this rate is influenced not only by the price of Bitcoin, but also by prices of all other highly liquid cryptocurrencies.
In addition, in real time an average weighted rate of XLB is correlated to the change of capitalization of each currency separately, and the total capitalization of these cryptocurrencies.
In the first six months, after the calculation we give the interest parkings rates . After the first phase is over,the rates may change both upward and downward, depending on the demand and supply of XLB on the market.

Total XLB for StellarPay Bank Reserve : 30M XLB
The Future of StellarPay
StellarPayBank's monetary policy serves the main purpose of making XLB a global reserve cryptocurrency. In order to attain it, XLB will have to meet the following principles:
- Simplicity and high speed of transactions
- Exchange rate stability and predictability against U.S. Dollar
- Market cap of $1 billion
StellarPayBank will consistently administer the policy of increasing XLB price against USD on the basis of the growth rate of 150% annually. When 30 million XLB (Total XLB for StellarPay Bank Reserve) is distributed, its price will reach $10, and market cap $1 billion .
This market cap will allow for using XLB as a global payment unit as the volume of available dollars will have comprised 1 to 2 trillion at the time in question

XLB Bank Program Parking Calculator
This form allows you to calculate the precise income that will be received after the expiration of the chosen parking period.
Download here : https://stellarpay.org/Documentation/XLBParkingCalculator.xlsx

Important Notice : We never ask you for your Private Key ( Secret Key)! Never send your Private Key (Secret Key) to via any chat, direct message or via personal email. No community manager will ever ask you to do that.
Telegram Chanel : https://t.me/stellarpayorg
Telegram Group : https://t.me/XLBgroup
Twitter : https://twitter.com/StellarpayOrg
Facebook : https://www.facebook.com/StellarPay.org
Reddit : https://www.reddit.com/usestellarpayorg
Github : https://github.com/stellarpay-org
Website : https://stellarpay.org
Email : [[email protected]](mailto:[email protected])
submitted by stellarpayorg to u/stellarpayorg [link] [comments]

Fantom Improvement Proposal 1 : Proof of Stake

Fantom Improvement Proposal 1 : Proof of Stake
Medium Article: https://medium.com/fantomfoundation/fantom-improvement-proposal-1-proof-of-stake-fip-1-17bbbe225e70

EIP-1 Proof of Stake: https://github.com/Fantom-foundation/FIPs/blob/masteFIPS/fip-1.md
Introduction
Fantom is a new distributed ledger that is a secure, fast, decentralised, and permissionless network, allowing anyone to transact or build applications on top of it.
In order to secure the network, Fantom has chosen to employ a “Proof of Stake” token model, borrowing from some of the best ideas out there in the team’s opinion.
There will be two types of nodes on the network: validator and listening nodes.
Validator nodes actively participate in the consensus of the network to validate transactions. A supermajority (⅔) of the total validating power of the network is needed to confirm a transaction to finality. These nodes will require a minimum stake.
Listening nodes connect to other nodes in the network and synchronize the entire ledger. They can submit transactions to the network independent of other nodes. However, they do not participate in consensus, and no staking is required.
The total validating power of the network is the total number of votes an event block can receive in the network, of which a minimum ⅔ is required to achieve finality. Note that an event block that contains no transactions can still be validated by the network, and a block reward will be earned, but no transactions fees.

Deliverable

The deliverable of Fantom’s Proof of Stake model is to:
  • Encourage stakeholders to participate in network validation via attractive and sustainable rewards for staking
  • Achieve predictable transaction and storage costs
  • Create a positive feedback loop to encourage the growth in the network. As demand for the network grows, returns for validators should also grow, which in turn should increase the demand for FTM.

Key Features for Network Users

Users on the network will be able to use their tokens in two ways:
  1. Transaction-based staking: Any participant of the network, including a wallet user, can stake a percentage of tokens to gain a percentage of guaranteed transaction volume on the network
  2. Paying for transactions: Like Ethereum or Bitcoin, users will be able to pay per transaction to be confirmed by the network

Transaction-based Staking

Owning a percentage of staked FTM tokens will guarantee a percentage of nominal network processing capacity at all times. Given a user’s FTM holding, there will be a guaranteed amount of gas a user can spend per block. This is also known as “transaction-based staking”.
It is extremely unlikely that all FTM holders will constantly use all of their allotted capacity. In addition, actual network capacity is likely to exceed nominal capacity. It is therefore likely that significant free capacity will be available in most blocks. That free capacity will be available to users in proportion to their staked weight. This will allow users who do not own many tokens, but are active in the system, to have preferred access to processing capacity.
FTM has a maximum supply of 3.175 billion tokens, of which more than 30% are available for block rewards on mainnet launch. The foundation has been actively purchasing FTM on the market over time in order to increase our block rewards, essentially removing it from total circulating supply.

Predictable transaction and storage costs

Transaction costs will be expressed in terms of an internal accounting system called Fantom Gas (“FTG”).
FTG will operate in a similar manner to gas on the Ethereum network at a virtual machine level. There will be a cost associated with each op code executed by the register-based virtual machine (costs will be specified in future technical documents. For now Fantom will follow the Ethereum Virtual Machine (EVM) gas costs as specified in “Appendix G. Fee Schedule” of the Ethereum “Yellow Paper” as Fantom is currently using Golang and Rust Implementations of the EVM). The relationship between FTM and FTG is similar to the relationship between Wei and Gas in Ethereum:
FTM = FTG_price\FTG*

Where:
FTM: Fantom Token
FTG: Fantom Gas
FTG_price: The price of FTG in terms of FTM. This will be discussed below.

Fantom aims to achieve predictable transaction and storage costs to give users certainly over the cost of running services on the network. With networks such as Ethereum, the cost per transaction in terms of Wei can vary greatly according to the gas price.
As such, Fantom proposes the creation of a Special Purpose Vehicle (“SPV”) with a built-in exchange for FTG in the network. Users will be able to buy FTG to pay for computation in advance.
FTG represents a fixed amount of processing capacity.
FTG can be bought only with FTM, via an internal exchange.
There will be an internal price “oracle” for the FTG/FTM exchange rate. FTM holders will vote on the exchange rate.
A reserve pool (SPV) will be built (holding x amount of FTM) so that there will be liquidity for the exchange.
The reserve pool will also serve to guarantee a minimum block fee during periods when transactions do not cover validator costs (more details to be added).
Any user can buy FTG using FTM using the prevailing exchange rate. From the user’s perspective: FTM debit, FTG credit. The opposite will be true for the SPV.
Users can also convert FTG back to FTM via the exchange, subject to a 10% fee. From the user’s perspective: FTM credit, FTG debit. The opposite will be true for the SPV.
FTG hoarding will be discouraged in a natural way: as FTG roughly follows some cloud computing/storage index, its value will slowly decline versus fiat over time, given the historical decline in both computing and storage costs. This will be a natural disincentive to hoarding.

How are fees paid?

If a user holds FTG, this will be used for tx fees. User: FTG debit. SPV: FTG credit, FTM debit. Validators: FTM credit.
If a user does not have FTG, FTM will be used directly at prevailing rate. User: FTM debit. SPV: FTM credit. Validators: FTM credit.
However, there are several open issues to confirm. The fee split between the SPV and validators is crucial. Part of the SPV income will be a share of transaction fees, as well as on the spread of users selling back FTG to FTM. However, the SPV will need to guarantee minimum validator income. An additional risk is the price volatility in the FTM/FTG price. Consider the following scenario:
Assume 1 FTM = 3 FTG.
A user buys 30 FTG for 10 FTM.
FTM crashes in terms of FTG, and now 1 FTM = 1 FTG.
The user sells 30 FTG back to the exchange for 27 FTM (30 less 10%)
Result: a net gain of 17 FTM for the user, a net loss of 17 FTM for the SPV
To remove this risk, we set a rule that a user can never make a profit from converting back FTG to FTM. This will be discussed in further detail.
The SPV could accumulate FTM over time. Users of the network can participate in on-chain governance (We will discuss this in more detail in future posts), as to what the FTM will be used for. For example, users may vote to burn FTM, or choose to distribute it to validators as additional staking rewards. We believe that this should drive demand for FTM, as validating becomes more attractive.

Organic growth of network capacity according to demand

Fantom predicts that network capacity will grow in line with transaction volume. As a result, the same percentage of FTM tokens held should, over time, give access to a larger processing capacity.

Incentives for active users

The weight given to users in the system will depend on two factors:
  1. Their staked FTM holdings, and
  2. The measure of activity over the past 6 months, with more recent activity weighted more heavily.
Activity is defined based on the amount of gas spent over time in the transactions submitted by the node to the network. There will be a minimum amount gas required to be spent per node in order to receive rewards. This should incentivise nodes to use the network. This is known as Proof of Importance, an idea that has been expressed in other platforms such as NEO.
We will develop a suitable formula which will combine these two factors.

Key Features for Developers

Dapp-based staking

One of the issues with the current Ethereum Proof of Work model is that developers are not incentivised to create and run Dapps on the network. Instead, Ethereum has been used to largely to conduct Initial Coin Offerings to fund projects in competition to the network.
In order to incentivise the growth and development of Dapps on Fantom. We propose a concept called Dapp-based staking. A developer who deploys a Dapp can stake a certain number of FTM to the network, and users will be able to use the application for free according to the rules set by the developer.
This will be feature of smart contracts on the Fantom network, where a developer can pay in FTM into the contract account to allow free use of the app as long as there are FTM left. The contract account has a FTG balance, fees are first taken from this balance, and only secondary taken from the user. This way as long as there are funds remaining the dapp is free. If the owner leaves, users can still fund the contract itself.

Network Validators

Number of validators

In order to ensure a fast network, and also to limit costs, the system will favor the emergence of a reasonable number (50) of high-performance nodes as validators to begin with. The number of validators may grow over time depending on how many users decide to stake (given Fantom will be a permission-less network).
Node performance is defined as:
  1. Processing capacity per second, which can be measured for example by the maximum number of simple transactions per second, and
  2. Networking Throughput
Note: 50 nodes is a starting point so the network can scale safely and properly so users can monitor the network and make sure it is secure as the network grows.

Token staking

In the single-shard model, a validator must stake at least 0.2% of the total FTM supply (6,350,000 FTM) of their own tokens. This number, as well as many other network settings, will be subject to change via on-chain voting. They will also change when Sharding is introduced.

Block Rewards for Validators (Fees)

In return for staking FTM, attesting to correct blocks, signing off on the validity of a block, and proposing blocks, validators will be rewarded in at least two ways:
  • A fixed amount to compensate for the cost of running a node, to ensure that validators do not run nodes at a loss
  • A portion of network transaction fees. This is determined by the total number of transaction fees generated by all transactions in event blocks.
Because transaction prices will essentially be fixed, the key way for validators to increase income is by increasing processing capacity.
Here is a way that would allow users themselves to signal the need for higher transaction capacity. Suppose a user has the choice between staking tokens for transacting and staking tokens for validation (ignoring Dapp-based staking).
When there is plenty of processing capacity, we would expect more of validation staking. But as demand for transactions grow, we could see a shift towards transaction staking. As transaction staking volume exceeds a certain level, this would trigger an increase of the baseline processing limit (equivalent to a block gas limit), which would become effective only when a large majority of nodes prove they have the necessary capacity. The advantage is that this would provide a clear and visible signal to the entire network to increase processing capacity. This might happen even before actual volume increases, as users increase their transaction staking in anticipation of increased future transaction volume (increased buying of FTG could also provide such a signal). Note that this will require a way to occasionally measure validator processing power.

Network Security

Penalties: validators will have a significant amount of FTM token staked, which will be at risk if malicious behaviour is identified. Penalties are necessary in a Proof of Stake system in order to disincentivize bad behaviour and avoid the nothing-at-stake problem, where, absent any penalties, a validator is incentivise to bet on every possible fork of the network, as there is no lost for doing so.
In the Fantom network, we propose three types of penalties:
  • Demurrage Fee: A wallet will need to submit a minimum number of transactions over a given period of time or pay a certain fee. This should encourage network activity. The fee is paid proportionally to validators on the network.
  • Validating rejected event blocks: Nodes will need to stake for each event block they want to earn fees off of. If an event block is not ultimately not confirmed by ⅔ of the total voting power of the network, then the stake is lost, and distributed proportionally to other nodes.
  • Network pruning: Potentially malicious nodes will be quickly eliminated. Slow nodes will be identified and their rating down-voted, making them less likely to be selected for validation.

Future Developments

The team is focused on analyzing key numbers for the concepts listed above, as well as making several improvements.
The numbers the team will be working on include:
  • Formula for calculating staking returns, which is currently a combination of staking amounts and Proof of Importance
  • Percentage of guaranteed transactions in return for a percentage of staked FTM
  • Percentage of guaranteed transactions when staking for a Dapp
  • Block rewards
  • Minimum staking requirements for a validating node
  • Minimum gas / transaction requirements to gain a Proof of Importance Score
  • Quantifying node performance
  • Maximum number of validating nodes before performance degradation occurs
  • Penalties:
    • Demurrage Fee
    • Network Pruning

Other Ideas Fantom is Currently Exploring

In addition to the concepts listed above, Fantom is also exploring the following:
  • Multiple Fantom mainnet chains employing different variations of the “Proof of Stake” model with different parameters, connected through Digital Rights Control Management (DRCM). Given that there is a level of unpredictability in how people will actually behave on the network, users might be able to choose from many chains, and the best will be chosen over time.
  • Transaction mining solutions: Transactions themselves are rewarded. Consequently, nodes are incentivised to a) create transactions and b) validate transactions.
  • Paying for storage: Over time, the network is likely to contain data that becomes unused. For example, Dapps can be abandoned for a variety of reasons. On centralised servers such as AWS, a developer must continue paying for storage costs per byte. However, on networks such as Bitcoin or Ethereum, storage is paid once and stored in perpetuity for free. This leads to the following problems:
    • The network becomes increasingly bloated with unused data.
    • Users have to maintain this unused data to maintain state.
  • We are actively working on incorporating a “rent-based” model into the Fantom network. Further details about this problem can be seen here.
If you have ideas you would like to contribute to the discussion, please contact us at [[email protected]](mailto:[email protected]) or comment on the EIP here: https://github.com/Fantom-foundation/FIPs/blob/masteFIPS/fip-1.md
To find out more about the Fantom project and its technology, visit us here or join us on our social media channels.
Official E-mail Address: [[email protected]](mailto:[email protected])
Official Website: https://www.fantom.foundation
Official Telegram English Chat: https://t.me/fantom_english
Official Telegram Chinese Chat: https://t.me/fantom_chinese
Official Fantom Reddit: https://www.reddit.com/FantomFoundation/
Official Fantom Twitter: https://twitter.com/FantomFDN
Official Github Page: https://github.com/Fantom-foundation
Official Youtube Channel: https://www.youtube.com/c/fantomfoundation
submitted by bmoonn to FantomFoundation [link] [comments]

The Nexus FAQ - part 1

Full formatted version: https://docs.google.com/document/d/16KKjVjQH0ypLe00aoTJ_hZyce7RAtjC5XHom104yn6M/
 

Nexus 101:

  1. What is Nexus?
  2. What benefits does Nexus bring to the blockchain space?
  3. How does Nexus secure the network and reach consensus?
  4. What is quantum resistance and how does Nexus implement this?
  5. What is Nexus’ Unified Time protocol?
  6. Why does Nexus need its own satellite network?
 

The Nexus Currency:

  1. How can I get Nexus?
  2. How much does a transaction cost?
  3. How fast does Nexus transfer?
  4. Did Nexus hold an ICO? How is Nexus funded?
  5. Is there a cap on the number of Nexus in existence?
  6. What is the difference between the Oracle wallet and the LLD wallet?
  7. How do I change from Oracle to the LLD wallet?
  8. How do I install the Nexus Wallet?
 

Types of Mining or Minting:

  1. Can I mine Nexus?
  2. How do I mine Nexus?
  3. How do I stake Nexus?
  4. I am staking with my Nexus balance. What are trust weight, block weight and stake weight?
 

Nexus 101:

1. What is Nexus (NXS)?
Nexus is a digital currency, distributed framework, and peer-to-peer network. Nexus further improves upon the blockchain protocol by focusing on the following core technological principles:
Nexus will combine our in-development quantum-resistant 3D blockchain software with cutting edge communication satellites to deliver a free, distributed, financial and data solution. Through our planned satellite and ground-based mesh networks, Nexus will provide uncensored internet access whilst bringing the benefits of distributed database systems to the world.
For a short video introduction to Nexus Earth, please visit this link
 
2. What benefits does Nexus bring to the blockchain space?
As Nexus has been developed, an incredible amount of time has been put into identifying and solving several key limitations:
Nexus is also developing a framework called the Lower Level Library. This LLL will incorporate the following improvements:
For information about more additions to the Lower Level Library, please visit here
 
3. How does Nexus secure the network and reach consensus?
Nexus is unique amongst blockchain technology in that Nexus uses 3 channels to secure the network against attack. Whereas Bitcoin uses only Proof-of-Work to secure the network, Nexus combines a prime number channel, a hashing channel and a Proof-of-Stake channel. Where Bitcoin has a difficulty adjustment interval measured in weeks, Nexus can respond to increased hashrate in the space of 1 block and each channel scales independently of the other two channels. This stabilizes the block times at ~50 seconds and ensures no single channel can monopolize block production. This means that a 51% attack is much more difficult to launch because an attacker would need to control all 3 channels.
Every 60 minutes, the Nexus protocol automatically creates a checkpoint. This prevents blocks from being created or modified dated prior to this checkpoint, thus protecting the chain from malicious attempts to introduce an alternate blockchain.
 
4. What is quantum resistance and how does Nexus implement it?
To understand what quantum resistance is and why it is important, you need to understand how quantum computing works and why it’s a threat to blockchain technology. Classical computing uses an array of transistors. These transistors form the heart of your computer (the CPU). Each transistor is capable of being either on or off, and these states are used to represent the numerical values 1 and 0.
Binary digits’ (bits) number of states depends on the number of transistors available, according to the formula 2n, where n is the number of transistors. Classical computers can only be in one of these states at any one time, so the speed of your computer is limited to how fast it can change states.
Quantum computers utilize quantum bits, “qubits,” which are represented by the quantum state of electrons or photons. These particles are placed into a state called superposition, which allows the qubit to assume a value of 1 or 0 simultaneously.
Superposition permits a quantum computer to process a higher number of data possibilities than a classical computer. Qubits can also become entangled. Entanglement makes a qubit dependant on the state of another, enabling quantum computing to calculate complex problems, extremely quickly.
One such problem is the Discrete Logarithm Problem which elliptic curve cryptography relies on for security. Quantum computers can use Shor’s algorithm to reverse a key in polynomial time (which is really really really fast). This means that public keys become vulnerable to quantum attack, since quantum computers are capable of being billions of times faster at certain calculations. One way to increase quantum resistance is to require more qubits (and more time) by using larger private keys:
Bitcoin Private Key (256 bit) 5Kb8kLf9zgWQnogidDA76MzPL6TsZZY36hWXMssSzNydYXYB9KF
Nexus Private Key (571 bit) 6Wuiv513R18o5cRpwNSCfT7xs9tniHHN5Lb3AMs58vkVxsQdL4atHTF Vt5TNT9himnCMmnbjbCPxgxhSTDE5iAzCZ3LhJFm7L9rCFroYoqz
Bitcoin addresses are created by hashing the public key, so it is not possible to decrypt the public key from the address; however, once you send funds from that address, the public key is published on the blockchain rendering that address vulnerable to attack. This means that your money has higher chances of being stolen.
Nexus eliminates these vulnerabilities through an innovation called signature chains. Signature chains will enable access to an account using a username, password and PIN. When you create a transaction on the network, you claim ownership of your signature chain by revealing the public key of the NextHash (the hash of your public key) and producing a signature from the one time use private key. Your wallet then creates a new private/public keypair, generates a new NextHash, including the corresponding contract. This contract can be a receive address, a debit, a vote, or any other type of rule that is written in the contract code.
This keeps the public key obscured until the next transaction, and by divorcing the address from the public key, it is unnecessary to change addresses in order to change public keys. Changing your password or PIN code becomes a case of proving ownership of your signature chain and broadcasting a new transaction with a new NextHash for your new password and/or PIN. This provides the ability to login to your account via the signature chain, which becomes your personal chain within the 3D chain, enabling the network to prove and disprove trust, and improving ease of use without sacrificing security.
The next challenge with quantum computers is that Grover’s algorithm reduces the security of one-way hash function by a factor of two. Because of this, Nexus incorporates two new hash functions, Skein and Keccak, which were designed in 2008 as part of a contest to create a new SHA3 standard. Keccak narrowly defeated Skein to win the contest, so to maximize their potential Nexus combines these algorithms. Skein and Keccak utilize permutation to rotate and mix the information in the hash.
To maintain a respective 256/512 bit quantum resistance, Nexus uses up to 1024 bits in its proof-of-work, and 512 bits for transactions.
 
5. What is the Unified Time protocol?
All blockchains use time-stamping mechanisms, so it is important that all nodes operate using the same clock. Bitcoin allows for up to 2 hours’ discrepancy between nodes, which provides a window of opportunity for the blockchain to be manipulated by time-related attack vectors. Nexus eliminates this vulnerability by implementing a time synchronization protocol termed Unified Time. Unified Time also enhances transaction processing and will form an integral part of the 3D chain scaling solution.
The Unified Time protocol facilitates a peer-to-peer timing system that keeps all clocks on the network synchronized to within a second. This is seeded by selected nodes with timestamps derived from the UNIX standard; that is, the number of seconds since January 1st, 1970 00:00 UTC. Every minute, the seed nodes report their current time, and a moving average is used to calculate the base time. Any node which sends back a timestamp outside a given tolerance is rejected.
It is important to note that the Nexus network is fully synchronized even if an individual wallet displays something different from the local time.
 
6. Why does Nexus need its own satellite network?
One of the key limitations of a purely electronic monetary system is that it requires a connection to the rest of the network to verify transactions. Existing network infrastructure only services a fraction of the world’s population.
Nexus, in conjunction with Vector Space Systems, is designing communication satellites, or cubesats, to be launched into Low Earth Orbit in 2019. Primarily, the cubesat mesh network will exist to give Nexus worldwide coverage, but Nexus will also utilize its orbital and ground mesh networks to provide free and uncensored internet access to the world.
 

The Nexus Currency (NXS):

1. How can I get Nexus?
There are two ways you can obtain Nexus. You can either buy Nexus from an exchange, or you can run a miner and be rewarded for finding a block. If you wish to mine Nexus, please follow our guide found below.
Currently, Nexus is available on the following exchanges:
Nexus is actively reaching out to other exchanges to continue to be listed on cutting edge new financial technologies..
 
2. How much does a transaction cost?
Under Nexus, the fee structure for making a transaction depends on the size of your transaction. A default fee of 0.01 NXS will cover most transactions, and users have the option to pay higher fees to ensure their transactions are processed quickly.
When the 3D chain is complete and the initial 10-year distribution period finishes, Nexus will absorb these fees through inflation, enabling free transactions.
 
3. How fast does Nexus transfer?
Nexus reaches consensus approximately every ~ 50 seconds. This is an average time, and will in some circumstances be faster or slower. NXS currency which you receive is available for use after just 6 confirmations. A confirmation is proof from a node that the transaction has been included in a block. The number of confirmations in this transaction is the number that states how many blocks it has been since the transaction is included. The more confirmations a transaction has, the more secure its placement in the blockchain is.
 
4. Did Nexus hold an ICO? How is Nexus funded?
The Nexus Embassy, a 501(C)(3) not-for-profit corporation, develops and maintains the Nexus blockchain software. When Nexus began under the name Coinshield, the early blocks were mined using the Developer and Exchange (Ambassador) addresses, which provides funding for the Nexus Embassy.
The Developer Fund fuels ongoing development and is sourced by a 1.5% commission per block mined, which will slowly increase to 2.5% after 10 years. This brings all the benefits of development funding without the associated risks.
The Ambassador (renamed from Exchange) keys are funded by a 20% commission per block reward. These keys are mainly used to pay for marketing, and producing and launching the Nexus satellites.
When Nexus introduces developer and ambassador contracts, they will be approved, denied, or removed by six voting groups namely: currency, developer, ambassador, prime, hash, and trust.
Please Note: The Nexus Embassy reserves the sole right to trade, sell and or use these funds as required; however, Nexus will endeavor to minimize the impact that the use of these funds has upon the NXS market value.
 
5. Is there a cap on the number of NXS in existence?
After an initial 10-year distribution period ending on September 23rd, 2024, there will be a total of 78 million NXS. Over this period, the reward gradient for mining Nexus follows a decaying logarithmic curve instead of the reward halving inherent in Bitcoin. This avoids creating a situation where older mining equipment is suddenly unprofitable, encouraging miners to continue upgrading their equipment over time and at the same time reducing major market shocks on block halving events.
When the distribution period ends, the currency supply will inflate annually by a maximum of 3% via staking and by 1% via the prime and hashing channels. This inflation is completely unlike traditional inflation, which degrades the value of existing coins. Instead, the cost of providing security to the blockchain is paid by inflation, eliminating transaction fees.
Colin Cantrell - Nexus Inflation Explained
 
6. What is the difference between the LLD wallet and the Oracle wallet?
Due to the scales of efficiency needed by blockchain, Nexus has developed a custom-built database called the Lower Level Database. Since the development of the LLD wallet 0.2.3.1, which is a precursor to the Tritium updates, you should begin using the LLD wallet to take advantage of the faster load times and improved efficiency.
The Oracle wallet is a legacy wallet which is no longer maintained or updated. It utilized the Berkeley DB, which is not designed to meet the needs of a blockchain. Eventually, users will need to migrate to the LLD wallet. Fortunately, the wallet.dat is interchangeable between wallets, so there is no risk of losing access to your NXS.
 
7. How do I change from Oracle to the LLD wallet?
Step 1 - Backup your wallet.dat file. You can do this from within the Oracle wallet Menu, Backup Wallet.
Step 2 - Uninstall the Oracle wallet. Close the wallet and navigate to the wallet data directory. On Windows, this is the Nexus folder located at %APPDATA%\Nexus. On macOS, this is the Nexus folder located at ~/Library/Application Support/Nexus. Move all of the contents to a temporary folder as a backup.
Step 3 - Copy your backup of wallet.dat into the Nexus folder located as per Step 2.
Step 4 - Install the Nexus LLD wallet. Please follow the steps as outlined in the next section. Once your wallet is fully synced, your new wallet will have access to all your addresses.
 
8. How do I install the Nexus Wallet?
You can install your Nexus wallet by following these steps:
Step 1 - Download your wallet from www.nexusearth.com. Click the Downloads menu at the top and select the appropriate wallet for your operating system.
Step 2 - Unzip the wallet program to a folder. Before running the wallet program, please consider space limitations and load times. On the Windows OS, the wallet saves all data to the %APPDATA%\Nexus folder, including the blockchain, which is currently ~3GB.
On macOS, data is saved to the ~/Library/Application Support/Nexus folder. You can create a symbolic link, which will allow you to install this information in another location.
Using Windows, follow these steps:
On macOS, follow these steps:
Step 3 (optional) - Before running the wallet, we recommend downloading the blockchain database manually. Nexus Earth maintains a copy of the blockchain data which can save hours from the wallet synchronization process. Please go to www.nexusearth.com and click the Downloads menu.
Step 4 (optional) - Extract the database file. This is commonly found in the .zip or .rar format, so you may need a program like 7zip to extract the contents. Please extract it to the relevant directory, as outlined in step 2.
Step 5 - You can now start your wallet. After it loads, it should be able to complete synchronization in a short time. This may still take a couple of hours. Once it has completed synchronizing, a green check mark icon will appear in the lower right corner of the wallet.
Step 6 - Encrypt your wallet. This can be done within the wallet, under the Settings menu. Encrypting your wallet will lock it, requiring a password in order to send transactions.
Step 7 - Backup your wallet.dat file. This can be done from the File menu inside the wallet. This file contains the keys to the addresses in your wallet. You may wish to keep a secure copy of your password somewhere, too, in case you forget it or someone else (your spouse, for example) ever needs it.
You should back up your wallet.dat file again any time you create – or a Genesis transaction creates (see “staking” below) – a new address.
 

Types of Mining or Minting:

1.Can I mine Nexus?
Yes, there are 2 channels that you can use to mine Nexus, and 1 channel of minting:
Prime Mining Channel
This mining channel looks for a special prime cluster of a set length. This type of calculation is resistant to ASIC mining, allowing for greater decentralization. This is most often performed using the CPU.
Hashing Channel
This channel utilizes the more traditional method of hashing. This process adds a random nonce, hashes the data, and compares the resultant hash against a predetermined format set by the difficulty. This is most often performed using a GPU.
Proof of Stake (nPoS)
Staking is a form of mining NXS. With this process, you can receive NXS rewards from the network for continuously operating your node (wallet). It is recommended that you only stake with a minimum balance of 1000 NXS. It’s not impossible to stake with less, but it becomes harder to maintain trust. Losing trust resets the interest rate back to 0.5% per annum.
 
2. How do I mine Nexus?
As outlined above, there are two types of mining and 1 proof of stake. Each type of mining uses a different component of your computer to find blocks, the CPU or the GPU. Nexus supports CPU and GPU mining on Windows only. There are also third-party macOS builds available.
Please follow the instructions below for the relevant type of miner.
 
Prime Mining:
Almost every CPU is capable of mining blocks on this channel. The most effective method of mining is to join a mining pool and receive a share of the rewards based on the contribution you make. To create your own mining facility, you need the CPU mining software, and a NXS address. This address cannot be on an exchange. You create an address when you install your Nexus wallet. You can find the related steps under How Do I Install the Nexus Wallet?
Please download the relevant miner from http://nexusearth.com/mining.html. Please note that there are two different miner builds available: the prime solo miner and the prime pool miner. This guide will walk you through installing the pool miner only.
Step 1 - Extract the archive file to a folder.
Step 2 - Open the miner.conf file. You can use the default host and port, but these may be changed to a pool of your choice. You will need to change the value of nxs_address to the address found in your wallet. Sieve_threads is the number of CPU threads you want to use to find primes. Ptest_threads is the number of CPU threads you want to test the primes found by the sieve. As a general rule, the number of threads used for the sieve should be 75% of the threads used for testing.
It is also recommended to add the following line to the options found in the .conf file:
"experimental" : "true"
This option enables the miner to use an improved sieve algorithm which will enable your miner to find primes at a faster rate.
Step 3 - Run the nexus_cpuminer.exe file. For a description of the information shown in this application, please read this guide.
 
Hashing:
The GPU is a dedicated processing unit housed on-board your graphics card. The GPU is able to perform certain tasks extremely well, unlike your CPU, which is designed for parallel processing. Nexus supports both AMD and Nvidia GPU mining, and works best on the newer models. Officially, Nexus does not support GPU pool mining, but there are 3rd party miners with this capability.
The latest software for the Nvidia miner can be found here. The latest software for the AMD miner can be found here. The AMD miner is a third party miner. Information and advice about using the AMD miner can be found on our Slack channel. This guide will walk you through the Nvidia miner.
Step 1 - Close your wallet. Navigate to %appdata%\Nexus (~/Library/Application Support/Nexus on macOS) and open the nexus.conf file. Depending on your wallet, you may or may not have this file. If not, please create a new txt file and save it as nexus.conf
You will need to add the following lines before restarting your wallet:
Step 2 - Extract the files into a new folder.
Step 3 - Run the nexus.bat file. This will run the miner and deposit any rewards for mining a block into the account on your wallet.
For more information on either Prime Mining or Hashing, please join our Slack and visit the #mining channel. Additional information can be found here.
 
3. How do I stake Nexus?
Once you have your wallet installed, fully synchronized and encrypted, you can begin staking by:
After you begin staking, you will receive a Genesis transaction as your first staking reward. This establishes a Trust key in your wallet and stakes your wallet balance on that key. From that point, you will periodically receive additional Trust transactions as further staking rewards for as long as your Trust key remains active.
IMPORTANT - After you receive a Genesis transaction, backup your wallet.dat file immediately. You can select the Backup Wallet option from the File menu, or manually copy the file directly. If you do not do this, then your Nexus balance will be staked on the Trust key that you do not have backed up, and you risk loss if you were to suffer a hard drive failure or other similar problem. In the future, signature chains will make this precaution unnecessary.
 
4. I am staking with my Nexus balance. What are interest rate, trust weight, block weight, and stake weight?
These items affect the size and frequency of staking rewards after you receive your initial Genesis transaction. When staking is active, the wallet displays a clock icon in the bottom right corner. If you hover your mouse pointer over the icon, a tooltip-style display will open up, showing their current values.
Please remember to backup your wallet.dat file (see question 3 above) after you receive a Genesis transaction.
Interest Rate - The minting rate at which you will receive staking rewards, displayed as an annual percentage of your NXS balance. It starts at 0.5%, increasing to 3% after 12 months. The rate increase is not linear but slows over time. It takes several weeks to reach 1% and around 3 months to reach 2%.
With this rate, you can calculate the average amount of NXS you can expect to receive each day for staking.
Trust Weight - An indication of how much the network trusts your node. It starts at 5% and increases much more quickly than the minting (interest) rate, reaching 100% after one month. Your level of trust increases your stake weight (below), thus increasing your chances of receiving staking transactions. It becomes easier to maintain trust as this value increases.
Block Weight - Upon receipt of a Genesis transaction, this value will begin increasing slowly, reaching 100% after 24 hours. Every time you receive a staking transaction, the block weight resets. If your block weight reaches 100%, then your Trust key expires and everything resets (0.5% interest rate, 5% trust weight, waiting for a new Genesis transaction).
This 24-hour requirement will be replaced by a gradual decay in the Tritium release. As long as you receive a transaction before it decays completely, you will hold onto your key. This change addresses the potential of losing your trust key after months of staking simply because of one unlucky day receiving trust transactions.
Stake Weight - The higher your stake weight, the greater your chance of receiving a transaction. The exact value is a derived by a formula using your trust weight and block weight, which roughly equals the average of the two. Thus, each time you receive a transaction, your stake weight will reset to approximately half of your current level of trust.
submitted by scottsimon36 to nexusearth [link] [comments]

COSS Exchange and COSS Token - A Full Summary

Let me get started by stating I am no way involved with the COSS team. I simply am a COSS holder who wants to share this coin with others. Please note, I am writing this without an opinion and just stating facts (I will include a portion below with my opinions and an explanation of my thought process). Everything I say can be double checked with some DD and if I have time, I will come back and link said facts!
What is COSS?
What does COSS do?
What is the payout formula?
When are payouts?
How do you receive payouts?
What is the total supply?
What is the current marketcap?
Where can I buy COSS?
My opinions:
1) COSS, based on numbers, is simply undervalued. For a token that already has an existing functional product, its marketcap is well below what it should be. Trading volume has also increased significantly in the past few days! Imagine receiving profits from an exchange like Bittrex or Binance I urge you to browse their website and look at everything for yourself to make your own judgement!
2) There is a lot of work to be done on the exchange, but it is just getting started and is still in Beta. Good things take time. I remember when Binance first began and the struggles it went through, and look at it now. I have faith COSS can do that same. Currently, the things I believe that need to be fixed are exchange UI upgrades to make them more appealing to the eye and deposit/withdrawal times.
3) There is a lot of concern about COSS being a scam due to the team's association with VRS. I definitely had to look into this and found that Rune, on of the founders, addressed this concern. For me it was a satifactory explantion stating that VRS was not a scam, but a failed project. Please read bullet 4 to get the link to the full statement and other FAQ's
4) There are tons of FAQ's and known issues that are being asked about COSS. These two links pretty much cover them all at the moment. Each link has some different information, so please read both!
FAQ - 1 https://www.reddit.com/COSS/comments/74pw7h/all_info_to_clear_up_confusion/?st=j8gjl9jz&sh=b777583e
FAQ - 2 https://www.reddit.com/COSS/comments/7471mv/fqa_for_coss/?st=j8gawdbq&sh=d4cf9518
If you would like to register for COSS, please use the link below!
https://sso.coss.io/api/invite/C1IEVF318Q
If you would like to join the Slack, please use the link below!
https://join.slack.com/t/cosstokenswap/shared_invite/enQtMjUxNDc0ODE4NzU5LTNiNmQ1NjYwOTM3N2QyMDg0MGE3ZDkwMjZmOWFiNjdlMzM2YTk1NmY2NGZiZjg3NmQ4ZjE4Y2YwZjJmOGE5NTM
submitted by ychok to CryptoCurrency [link] [comments]

Stabler coins

One interesting set of ideas in the "stablecoin" area has to do with systems that do not try to perfectly provide price stability, but which do try to at least marginally improve conditions in this regard over the "Bitcoin/ether baseline". Stablecoins targeting perfect dollar parity (or euro parity, CNY parity, SDR parity, or some kind of decentralized CPI parity) have been criticized for (i) relying on a source of outside information on the value of the target in question, and hence either being centralized or being vulnerable to manipulation, (ii) being unable to handle large, sudden and permanent decreases in demand (or generally market shocks), and (iii) being vulnerable to "speculative attacks" where attackers short the currency in very large volumes, eventually breaking the peg and profiting from the massive resulting fall in price and. (i) and (iii) are possibly both quite solvable even in the perfect parity setting, and (ii) can be mitigated with high collateral requirements; however, for those who are uncomfortable with the reliability or the capital lockup costs of such models, and for those who want some profit potential but with a risk profile closer to a large company stock than to a cryptocurrency there is an opportunity for a "coin" that takes a middle path.
Option 1: the PoW-based stabler coin
This is based on the "bounded difficulty estimator" technique from here, and incorporates a concept of one-way monetary policy. One simple set of rules is as follows:
To see why this works, let us work through an example. Suppose that the price and difficulty rise suddenly by a factor of 2, and then by another factor of 2. As a result, issuance should increase by 2x. However, this itself depresses price, so the equilibrium would be for issuance to increase by ~1.41x and price by ~1.41x (where difficulty would still increase 2x). You may worry about a cascade effect where increasing issuance leads to runaway growing inflation, but the fact that price expectations decrease if such a cascade starts occurring effectively prevents it from happening in the first place.
While allowing for both steady growth and technological improvement, this algorithm creates a cap on the upside of a cryptocurrency, preventing its price from going "to the moon" too quickly as if price rises too far then difficulty will rise too, forcing the compensator to kick in. Now, it might seem like this is a strictly undesirable formula to have: it takes away the upside, but if adoption decreases, it does nothing to take away the downside. However, this is not in fact true. The reason is that whereas sudden price rises are due to the expectation of large increases in adoption (it's always expectation, not actual adoption; adoption is predictable in advance far enough that price rises are almost never directly caused by people buying coins for personal use en masse), sudden price drops are quite often due to that expectation being taken away. However, if expectations of greatly increased adoption only increase price moderately, then reduced expectations of adoption should also decrease price only moderately.
The above is a fairly strict approach to price control, taking away ~50% of potential gains (and hence hopefully close to ~50% of potential losses). But there is also a more moderate approach:
This may be appealing to some cryptocurrency enthusiasts because it retains the property that it has a fixed supply cap (as the annual issuance schedule can have a finite sum just like bitcoin, and the second issuance component is effectively capped at ~30 * Y if parameters are set appropriately, as the difference between an appropriate initial difficulty and a "world domination" scenario is likely well under a factor of a billion). It also works well with a Zcash-style "delayed founder premine" scenario as the founders' share can be designed ONLY as a share of the Y component, effectively giving the founders a superlinear interest in the currency succeeding, where if it does not succeed enough to trigger issuance bursts their returns are effectively zero.
Option 2: the Seignorage Shares-based stabler coin
Now, suppose that we are doing proof of stake (or an asset on top of another PoW blockchain) and so we do not have access to mining as either a way of measuring price increases or as a distribution model. Suppose that the problem of measuring price in a decentralized way is solved. We can use Seignorage Shares as a distribution model, but without sticking to any kind of absolute peg. Instead, what we can do is have some number of "coins" up for auction evenly across all price levels (ie. there are 10000 coins to be sold for $1.00 worth of shares per coin, 10000 coins to be sold for $1.01 worth of shares per coin, etc), and have a market where coins can be sold back - if all of the coins from $0 to $1.25 have been sold, then there would be an opportunity to sell back 10000 coins at $1.25, 10000 coins at $1.24, etc. Note that this is essentially a revenue-neutral market maker; we can also charge a spread (say, a 0.5% fee on selling coins back to the system for shares) and thereby make the scheme profitable.
This kind of scheme is harder to financially exploit, as (i) it does not try to maintain an absolute peg, instead maintaining a "pressure" toward price stability that we can expect to take away roughly ~50% of a cryptocurrency's price volatility, (ii) has a compelling mathematical argument for why it would not "break", and (iii) creates a role for speculators who are willing to protect the currency by buying it up on the cheap during an attack and profit from this.
Option 3: the self-rebalancing portfolio coin
This approach is inspired by collateralized debt obligations, and tries to get price stability in a different way. Essentially, we break up a volatile asset with prior price P into pieces A and B, where if the asset has a posterior price P', then we target price(A) = min(P', P / 2) and price(B) = max(0, P' - P / 2). Essentially, A is the "bottom slice" and B is the "top slice". We enforce this using the following scheme:
The last step can be viewed as the protocol automatically making an operation where (i) A and B holders' holdings are settled in terms of the underlying asset (A holders should get x and B holders should get y), (ii) these holdings of the underlying asset are immediately re-split into A and B, and (iii) those who held A automatically sell their B to those who held B at fair market price and vice versa.
Unless the underlying asset drops by more than a factor of 2 during an epoch, this ensures purchasing power stability for A holders; if we want to convert this into a token with price stability (ie. users don't see changes in the quantity of their holdings), we can create a simple DAO that holds A, and whose shares represent a constant share of its (fluctuating) A holdings. Alternatively, we can pretend to do this, instead baking this functionality into the underlying contract by making the convertibility rate be 1 asset = x A + y B where x and y change as needed; this may actually be simplest to implement, because there is no need to loop through balances and increment all of them proportionately when you can instead just separately store the proportionality constant.
If the underlying asset does drop by more than a factor of 2, then A holders do suffer to some extent, but this is ok; the point was never to provide a perfect guarantee, only an approximate one. The scheme can be generalized to an arbitrary number of tranches tranches; eg. one can even do something like a five-tranche scheme with A = 0-33%, B = 33-67%, C = 67-100%, D = 100-200%, E = 200%+.
IMO it would be interesting to implement some of these on top of ethereum (eg. one can easily make the A/B scheme above on top of ether itself), although it's also important to come up with the tooling to make these systems liquid enough for practical usage, including decentralized exchange dapps, market makers, etc; I'd like to be able to purchase some "bottom-tranche ether" and hold it as a stablecoin just as easily as I can move between ether and bitcoin themselves. Coming up with a reasonably trustworthy decentralized oracle is also important; I quite like the recent proposal by Edmund Edgar though we should probably try a few different ones.
submitted by vbuterin to ethereum [link] [comments]

A Super Simple Cryptocurrency Arbitrage Spreadsheet (with ETH examples) for Finding Mismatched Prices

Crazy stat of the day: You can trade cryptocurrencies on over 170+ different exchanges throughout the world.
Compare this to the stock markets in the United States which have a whopping…2. You know them very well by now (NYSE and Nasdaq), but these markets have had decades of consolidation and mergers.
While this is not an apples-to-apples comparison, cryptocurrency exchange consolidation is a natural market force that will happen eventually.
However, we do not know if this will take months, years…or even decades.
The abundance of choices in exchanges presents a multitude of problems, one of which is a large distribution of prices across all platforms.

Many Exchanges Breeds Many Problems

New markets such as cryptocurrencies all experience the following problems:
  1. Transactional inefficiency
  2. Differences in prices
  3. Illiquidity
  4. Changing spreads
These problems exist due to imbalances in supply and demand. If there is a lack of sellers or buyers, the problems mentioned above are enhanced.
Complicating the matter even further, each pricing discovery process is silo’d within each different exchange.
Smart arbitragers recognize this as an opportunity, and they specifically hone in on #2: Differences in prices.
When buyers are able to capitalize on differences in prices between markets, this is known as arbitrage.

The ELI5 Version of Crypto Arbitrage

ELI5 Version of Crypto Arbitrage
You have been following the price of a certain coin (we will just call it “coin” for this example) for a while.
One day while looking at prices, you noticed that on exchange #1 the price of “coin” was trading at $95. Simultaneously at exchange #2, “coin” was trading at $100.
Being that you are a smart cookie, you decided to do the following:
  1. Buy 1 coin @ $95 on exchange #1
  2. Sell 1 coin @ $100 on exchange #2
  3. Profit $5 from the difference in price
The crazy thing is, these market inefficiencies in this super new industry are available every day. Wouldn’t it be nice if we had a tool that could spot these price differences easily?

The Solution

Screenshot of the arbitrage spreadsheet
I created a spreadsheet that aggregates coin prices across multiple exchanges for all of the top cryptocurrencies. The spreadsheet uses the following services:
  1. Spreadstreet Google Sheets Add-in
  2. Cryptonator API
  3. Google Sheets

How to Use the Spreadsheet

Quick gif on how the tool works
First time install
The tool is nice and simple to use. It requires about 2 minutes to setup, then after that you are good to go.
  1. Make of copy of the worksheet: Click here
  2. Install the Spreadstreet Google Sheets Add-in
  3. Follow the instructions and log-in to the add-in
  4. Formulas in the sheet should update
Changing the primary currency
Cell B7 houses the primary currency (aka, the BTC in BTC/USD). Cryptonator has a massive list of currencies, but some of the more popular ones include BTC (Bitcoin), ETH (Ethereum) and LTC (Litecoin).
Changing the secondary currency
Cell C7 houses the secondary currency (aka, the USD in BTC/USD). Once again, Cryptonator has a massive list of secondary currencies, with the most popular being USD (United States Dollar) and EUR (Euro).

How to Read the Graph

The graph will list all the exchanges that Cryptonator currently has trade volume, based on the user’s pairing choice.
Spreadsheet graph
In this example, we are using the Ethereum vs. United States Dollar (ETH/USD) pairing.
Cryptonator currently tracks 10 different exchanges, all of which have their own price and volume statistics for ETH/USD.
Using this graph, a savvy investor (AKA you) could:
  1. Purchase ETH/USD at the Kraken exchange for $463.17
  2. Sell ETH/USD at the Cex.io exchange for $479.99
  3. For a potential profit of $16.82

The Pitfalls of Crypto Arbitrage

Of course you, being a savvy investor, know that nothing in life is this simple. This form of trading comes with it’s own pitfalls, and it would be irresponsible of me not to point them out.

Conclusion

Arbitrage is a classic technique in profiting off of assets, and cryptocurrency is no exception.
The large amount of exchanges present in the market creates unprecedented arbitrage opportunity, as each exchange carries it’s own pricing discovery mechanisms.
Take some time and download the cryptocurrency arbitrage tool I created, and see if you can uncover any inefficiencies currently in the market.
Cheers, and happy hunting
Original article found at: https://medium.com/@spreadstreet/a-super-simple-cryptocurrency-arbitrage-spreadsheet-for-finding-mismatched-prices-a6e8b12dd8b0

Download Now

Click here to download the spreadsheet

Resources

Download the add-in: https://spreadstreet.io/tools/google-sheets-add-in
Help: https://spreadstreet.io/docs
First time install and login: https://www.youtube.com/watch?v=aLjtPR4T2bg
Cryptonator Ticker endpoint help: https://spreadstreet.io/knowledge-base/cryptonator-api-complete-ticker-endpoint/

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7 Smart Ethereum Price Prediction Methods for HODL’ers
submitted by 1kexperimentdotcom to EthAnalysis [link] [comments]

Dogecoin will be more profitable than bitcoin in the long run. Laugh now. Cry later.

Now, of course by the title of this thread, you would think I was an avid supporter of dogecoin. You would be right. Even though I have a doge bias, if you're still unsure about dogecoins, I think it is worth your time to fancy this. Come, let's delve into the speculate world of speculation where speculators find satisfaction in speculating all day.
Ok, dogecoin daily transaction volume in the past two weeks has equated to over a million GREENBACKS twice. We are talking US dollars here. Those worthless little things that have value because that's what the law says. You gotta lay down the LAW! GREENBACKS! One of them for the loaf of bread. Exclude tax. Suckas!
We might as well even be stating that the daily transaction of dogecoin exceeded 1 million individually packaged loaves*(Shibe edit) of bread. It sounds better anyway.
There is no dogecoin to USD. If you happen to find someone that you trust and do some sort of wire transaction or paypal thing thats great, there are many trustworthy shibes around here. But some of us say we are Shibes and are not Shibes, but rather the Anti-Shibe. You need to be much aware. Very concern. Im a trustworthy Shibe, but I can tell you right now though, I am not coming off my dogecoins for the USD price they are at right now, that would be such not smart.
That million dollars that was traded twice in those 24 hour intervals was done all in btc or ltc, because cryptsy sets the standard right now for daily volume in doge and thats all they deal in. If dogecoin were available in USD, more people would rush to buy dogecoins. As it stands they are still such confuse about getting their hands on even a bitcoin. Now we have to tell them to convert that btc into doge. Its enough to make the masses head explode. They will catch on eventually. It already appears they are. However, USD to doge on exchange sites would dramatically increase the demand for doge which would get him to the moon a lot faster.
Right now doge wants to take off so bad. But, he is still a puppy. Very patience, Shiba Inu. Such reward. So future. Let me explain.
Dogecoins are being mined in crazy numbers right now because that is what the algorithm (correct me if Im wrong) was set to. We have already gotten an entire quarter of coins distributed about the internet right now. You would think this amount of creation would cause an incentive to sell because of the increased supply. You would be right.
However, the demand is so high, even still, despite the fact that there is no exchange site with USD to doge, that doge the miners are selling to create all that sell pressure is not enough to stop its increase. Right now it looks like we are holding very near .0000005 btc/doge
If doge could be traded into USD right now on exchange sites, sell wall would be smashed to pieces. At my university, everyone is talking about dogecoin, but no one knows how to get them. Thats the biggest question I get asked. All these people want to get their hands on doge. This is a lot more than a few million dollars here if you think about all the other major schools all across the country. These are millennials. Millennials are going to be buying into this like crazy because growing up all they experienced was financial ruin all around them which was a direct result of the Federal Reserve Banking system. They do not trust banks, but they do trust math geniuses, apparently (cough, satoshi. cough cough)
Dogecoin is literally blowing up right now and it could be much greater. It will be much greater. Doge so low right now. Such buy. Much reward. When all of the coins are mined and doge can be traded into USD on exchange sites, things will become very interesting. The formula will be set to lift-off on full blasters. Some greedy shibes may lose their shirts because of trying to buy and sell to the moon. But remember Shibes, this is a trip to space. We don't have time to stop and pee. You should have done that on one of the legs of the launch pad. If you try to stop and pee, you will burn yourself on the rocket boosters. WOW
I really dont know where dogecoin will be in a year. I can only speculate that value. Its going to be close to exiting Earth's atmosphere though you can take that to the bank.
Oh, and if you laughed when you read this post because you think doge wont moon, sit and stay, go ahead and cry a little bit now too so you dont have to deal with all the overwhelming amount of feels you are soon to experience.
Such concern. How not such buy? Come wif to moon? None of this is possible by ourselves. This community is so strong and such growth too. WOW almost 30k Shibes in just over a month.
Im going to end on this. You can keep your bitcoin. Ill take my 2.2 million dogecoins over that any day. Edit: The reason I said 2.2 million is because thats what one btc equals right now. Im mining them. I don't have that much. I do have 100k from mining the past week and a half., though :)
submitted by abel1337 to dogecoin [link] [comments]

The intelligent investors guide to cryptocurrency: Part 3a - The value proposition

*Introductions: I'm joskye. A cryptocurrency investor and SDC holder. *
...
Hi again. This is the third part in our ongoing series on how to trade better and determine intelligent investments in cryptocurrency for the future.
In part 3 I will now discuss Cryptocurrency valuations, price metrics and identifying coins of value, worth holding.
...
What makes a coin worth holding: The value proposition
What makes anything worth holding? How much of themselves is a person willing to put into it - that's how much.
Cryptocurrency is largely driven by faith. It is a speculative enterprise i.e. people mostly put money into cryptocurrencies believing they will go up in value in the future; their plan to sell at a higher price when it does.
Currently most cryptocurrencies serve no function than being currencies in themselves. Unfortunately these currencies are largely not recognised by governments, most institutional investors or companies are legitimate stores of value or legitimate currencies of transaction. As such legislation and rules around the world regarding them vary considerably and are often absent.
There are very few cryptocurrencies that have legitimised backing, are insured or supported by enterprises that are insured for their loss and essentially there is little to protect you if you lose money through them.
So why do people bother putting money into cryptocurrencies it in the first place?
If the present and future value of a cryptocurrency is driven purely by speculation then you are essentially gambling by putting your money to buy that coin and joining the pool of other gamblers who are doing so. You are essentially joining a ponzi scheme and waiting game hoping you've gotten in early enough and convinced enough people to buy more of the asset you hold at slightly higher prices until a price is reached that you can cash out at (or until that thing becomes so big that everyone starts using it as their store of value).
This type of dynamic essentially underpins the mentality of most investments and trades i.e. buy low and sell high. I'd like to add buy early for investors since buying during a low in an already established asset may be setting yourself up for being forced to sell at a lower low later (especially if you don't understand the fundamentals of that asset).
If however the present or future value of a cryptocurrency is driven by some service other than speculation which can attract and drive fiat currency into it's ecosystem then it is potentially valuable.
I.e. will people actually use their USD/Yuan/Euro/GBP/Yen/INR etc to actually purchase the coin in question to do something useful with it (other than gamble on it's future price).
There are some cryptocurrencies which satisfy this criteria:
...
Bitcoin
It is not a currency, it is a remittance system and store of value. It has a reputation increasingly to being seen as a digital version of gold.
Bitcoin has the cultural and historical advantage of being the first cryptocurrency. It is also still the largest cryptocurrency by a long way with the largest marketcap i.e. price per bitcoin [$952 as of writing] x the number of bitcoin in circulation [16,074,687] which is $15.3 billion. Compare to it's next biggest competitor Ethereum which has a marketcap of $700 million (i.e. only 4.57% of Bitcoin's).
Bitcoin's value proposition is that it is a store of value. It may not be able to sustain this without significant upgrades to it's underlying software.
...
Monero (XMR)
Bitcoin does not have anonymity inherently built into it's software. Therefore if you buy and sell Bitcoin especially on cryptocurrency exchanges (where user registration is required), it is possible to trace whom Bitcoin is being transferred from and to.
For this reason I see Monero as Bitcoin + anonymity. I.e. it's value proposition is as store of hidden wealth. I also believe it does not have the issues that bitcoin does namely, same level of mainstream recognition, spotlight of regulatory awareness and developers do seem to be more focused on achieving better scalability and transaction times (it already does 10-20 minute verification time vs bitcoins 1 hour) which gives it better potential as a currency presently compared to Bitcoin.
-This sort of market cap dwarfs gold. However this type of up-scaled usability will not occur until the transaction verification times are much faster (nanoseconds) and the protocol is enhanced to cope with much larger transactions volumes and frequency at that speed; We are a long way off that.
I do believe fiat stored in Bitcoin will gradually transfer into Monero boosting it's value. I am not sure Monero though can presently bring fresh fiat currency (USD, Yuan etc) into it's ecosystem beyond outsider speculation in future price.
It is not unique in it's function or potential value proposition. My warning about holding Monerofor the long term is that it has competition for it's function not just from Bitcoin itself but from other anonymous coins such as Zcash, DASH (which provides instantaneous settlement) and SDC. Perhaps more importantly, Ethereum (ETH) is now planning to implement optional anonymity (via zSNARKs) in it's transaction network; if it does when combined with Ethereum's own functionality and well defined development roadmap (that will likely several second verification times in late 2017) would render XMR potentially redundant.
...
Ethereum (ETH)
The value proposition for Ethereum is that it allows for complex, trustless settlement systems to be built on it. This is a huge deal because the scope of applications is wide and although the technology needs to mature (to support greater transaction volume, frequency and more secure functionality) the sheer amount of fiat such a platform could attract through conversion of traditional centralised settlement and contract services to more secure decentralised platforms is very huge.
...
Shadowcash (SDC)
The value proposition is a double escrow, fully anonymous, decentralised privacy platform which incorporates private chat, private marketplace and secure, trustless private settlement system into one platform that is fully integrated into it's own blockchain.
Shadowcash already has multiple features that make it an excellent store of value: Low coin supply, potential for great demand, near instantaneous transaction verification times, ability to earn interest for simply holding it.
Shadowcash is incredibly easy to use and is heavily focused on usability. This is absolutely essential to it's end users: customers who seek convenient easy and speedy secure anonymous transaction. This will be a dream come true for traditional users of darknet markets.
To explain why lets elaborate on traditional darknet markets where in order to transact anonymously you have to:
1. Download the TOR browser. 2. Learn how to use it. 3. Buy XMR or Bitcoin. 4. Learn how to transact with these coins *safely* (yes this is still an issue with XMR in spite of it's built in privacy). 5. Learn how to and where to find reliable secure darknet markets. 6. Create accounts on these markets to access them *and* 7. Have faith that the websites and the highly centralised (and thus much more vulnerable) servers hosting those markets you use will not get shut down, not disappear with your money and not betray your transaction details and potentially identities to the authorities should they be infiltrated by them. 
Whereas with Shadowcash's market place this process will become:
1. Download the Shadowcash Umbra client (https://shadowproject.io/en/gettingstarted) 2. Buy some SDC on an exchange and transfer it to your Umbra client. 3. Browse the Shadowcash marketplace and transact securely, safely and anonymously. 
In summary I think Shadowcash can be a very useful application as a privacy platform for private communications and transactions.
...
ICONOMI (ICN)
Those two points constitute it's value proposition. By nature of the way it works it has an easily identifiable P/E ratio based on the amount used to create the fund ($10.5 million) against the current value of that fund based on it's
...
Summary lessons
The first rule in investing or trading in a given cryptocoin is deciding if it has a value proposition:
1. *Can it draw fiat currency (USD, Euro, Yuan etc) in such a way as to give it a valuation that is fully independent of pure speculation?* 2. *Is it unique?* 3. *Is it rare?* A limited supply with a low or negative inflation rate will lead to increasing price as demand goes up. 4. Are there significant risks associated with the value proposition? 
In the next article I will cover lesson 3b: Price metrics and valuations. It will be much shorter I promise but equally informative and we will cover topics such as price determination, impact of speculation, price manipulation, whales and their impact and the impact of bitcoin on the entire cryptocurrency ecosystem.
Finally just to really hammer it home; why am I posting this on the Shadowcash subreddit?
It is because Shadowcash is the best cryptocurrency investment of 2016 and I believe it will be again by March 2017.
...
References:
1. Crypto-Currency Market Capitalizations, https://coinmarketcap.com/, Last Checked 30/01/2017 2. What is the value of all the Gold in the world? http://onlygold.com/Info/All-The-Gold-In-The-World.asp, Last Checked 30/01/2017. 3. ICONOMI Cryptocurrencies Index (ICNX) 21 December 2016 Rebalancing, https://medium.com/iconominet/iconomi-cryptocurrencies-index-icnx-21-december-2016-rebalancing-transformation-into-iconomi-8e31e48493ab#.sptgljv1c 4. ICNx trend chart, https://medium.com/iconominet/iconomi-cryptocurrencies-index-icnx-30-november-2016-monthly-rebalancing-update-3402866243d9#.kw7g4fqcd, Last updated 30th Nov 2017 5. Shadowcash (SDC) - The billion dollar baby!, https://medium.com/@paradox_/shadowcash-sdc-the-billion-dollar-baby-6b86f0660739#.ypz9yme5a, Last updated 16 August 2016. 
...
Disclaimer: I am not responsible for your financial decisions, nor am I advising you take a particular financial position. Rather I am sharing my experiences and hoping you form your own opinions and insights from them. Full disclosure: I have long positions in Ethereum (ETH), Shadowcash (SDC), ICONOMI (ICN), Augur (REP) and Digix (DGD).
submitted by joskye to Shadowcash [link] [comments]

How to Trade and Calculate OBV (On Balance Volume) ON BALANCE VOLUME INDICATOR HOW TO USE Advanced Volume Analysis Bitcoin Report Volume 50 (Bitcoin Dollar Devaluation) Bitcoin OBV Tutorial - On Balance Volume - Bitcoin Technical Analysis

There, we obtain exchange volumes as a sum of four most important exchanges { Bit nex, Bitstamp, BTC-e and Mt. Gox { which account for more than 90% of all USD exchange transactions on the Bitcoin markets. Even though Mt. Gox is already in insolvency, we include it in the total exchange volume because it used to be the biggest exchange up Figure 8: ten of the highest bitcoin trading volume days expressed in AUD (data via Blockchain, historical FX calculated via Fxtop). Using historical AUD/USD exchange rate data, the above table shows the 10 largest bitcoin trading volume days. As you can see, all of the dates are within a 120-day period of each other. The accumulation distribution formula considers the total money flow volume for certain periods. The calculation is done in three primary steps: Step 1: Calculation of the money flow multiplier (positive multiplier will result in increased accumulation distribution line and a negative multiplier will create a falling line): The hashing power is estimated from the number of blocks being mined in the last 24h and the current block difficulty. More specifically, given the average time T between mined blocks and a difficulty D, the estimated hash rate per second H is given by the formula H = 2 32 D / T FTX is one of the more popular exchanges by volume and users, and a listing on it should, in theory, be a driver for further adoption of the cryptocurrency. FTX adopted a similar approach as other exchanges when it comes to spot trading of AMPL.

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How to Trade and Calculate OBV (On Balance Volume)

95% Winning Forex Trading Formula ... Accumulation Distribution Indicator ... Bitcoin OBV Tutorial - On Balance Volume - Bitcoin Technical Analysis - Duration: 13:59. Coinigy Bitcoin ... Bitcoin Trading (Free Course) ... Volume Accumulation Distribution [ Myth Debunked ... 4:42. 95% Winning Forex Trading Formula - Beat The Market Maker📈 - Duration: 37:53. TRADE ATS ... "First they ignore you, then they ridicule you, then they fight you, then you win." -- Mahatma Gandhi Buy stock in The Bitcoin Channel and promote Bitcoins: ... Today's video covers an advanced volume analysis of market orders. The website can be found here: https://coinalyze.net/futures-data/ Trade on this data here... OBV to identify accumulation or distribution periods 3. How OBV can spot inflection points via divergences ... Bitcoin OBV Tutorial - On Balance Volume - Bitcoin Technical Analysis - Duration: 13 ...

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