api - How to build a bitcoin trading bot - Bitcoin Stack

I am building a Bitcoin trading bot with the GDAX API

For the last several weeks, I have been working on a bitcoin trading bot using the GDAX API. We have 10 people using the bot currently(Mostly My Family and Friends) and I am looking for some people out in the bitcoin community to start as seeder accounts that would like to try my bot. When I launch, in a week or two; we will be charging $99/Month. I am willing to offer lifetime free subscriptions to one or two people who are interested in this. Shoot me an email. I will provide more details of how the bot works.
Thank you,

submitted by ratural_health to Bitcoin [link] [comments]

I am building a Bitcoin trading bot with the GDAX API /r/Bitcoin

I am building a Bitcoin trading bot with the GDAX API /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

First time playing with deep-q learning decided to try and make a BTC trading bot and failed of course. Looking for opinions and pointers to improve on

Hey guys!
So, I was interested in reinforcement learning for quite some time now and just wanted to try it out. As a result, ended up trying to build a Bitcoin trading bot. I know, I should have selected something more understandable for myself for starters, but it is what it is.
Not an expert on reinforcement learning or even deep learning. Just someone who's trying to learn through practice and courses on parallel.
Just wanted to get some opinions on the work done. Perhaps you could give me some pointers or if you see any major mistakes that I should avoid or some other approaches that I could have taken and provide them as comment that would be great.
Here's the link to my last video: Last episode of my 3 part series
Hope you all are having a good day!
submitted by AdamusEdenus to learnmachinelearning [link] [comments]

Bitcoin Programming Class That Pays

CodeCloud.me, the online education and crowdsourcing platform, has a new program within their website that allows users to get paid to learn how to code. It’s called the “Bitcoin Trader”. Coders from around the world are signing up to learn how to do high frequency trading in the multi-billion dollar Bitcoin market. The platform accepts students at no cost and pairs them into team based on their capabilities. You can be an absolute newbie at programming to get started!
Once you’re logged in, you join a “Bitcoin Trader” fleet, where you are matched with a mentor and 6 to 10 other users. You then follow interactive video tutorials and work with your team members through CodeCloud.me to build your Bitcoin trading bot.
The program does not guarantee that students will earn revenue from their Bitcoin trading activities; however, they stress that students who are highly active and contribute meaningful work will be invited to join profitable teams if unsatisfied with their groups’ results on the platform. Before users trade their own money, CodeCloud.me allows users to trade using the website's own capital if users can exhibit profitable results in simulations.
This program began running approximately one month ago and already has over one hundred users currently developing Bitcoin trading bots.
Anyone can join online; however, physical classes for the Bitcoin trading program is held in-person at the Bitcoin Center in the Itaewon Neighborhood of Seoul.
submitted by itsdeshazer to Bitcoin [link] [comments]

After a heap of testing we have finally launched the Vaultoro API, anyone can now build apps like wallets, charting software, trading bots and price widgets on top of the Vaultoro bitcoin gold trading platform. This API is another step towards a true fiat exit by pricing BTC in Gold and not fiat.

After a heap of testing we have finally launched the Vaultoro API, anyone can now build apps like wallets, charting software, trading bots and price widgets on top of the Vaultoro bitcoin gold trading platform. This API is another step towards a true fiat exit by pricing BTC in Gold and not fiat. submitted by Vaultoro to Bitcoin [link] [comments]

How to Build a Simple Bitcoin Trading Bot, Part 1

How to Build a Simple Bitcoin Trading Bot, Part 1 submitted by vtos to u/vtos [link] [comments]

Building a simple strategy for a Gekko trading bot /r/Bitcoin

Building a simple strategy for a Gekko trading bot /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Dragonchain Great Reddit Scaling Bake-Off Public Proposal

Dragonchain Great Reddit Scaling Bake-Off Public Proposal

Dragonchain Public Proposal TL;DR:

Dragonchain has demonstrated twice Reddit’s entire total daily volume (votes, comments, and posts per Reddit 2019 Year in Review) in a 24-hour demo on an operational network. Every single transaction on Dragonchain is decentralized immediately through 5 levels of Dragon Net, and then secured with combined proof on Bitcoin, Ethereum, Ethereum Classic, and Binance Chain, via Interchain. At the time, in January 2020, the entire cost of the demo was approximately $25K on a single system (transaction fees locked at $0.0001/txn). With current fees (lowest fee $0.0000025/txn), this would cost as little as $625.
Watch Joe walk through the entire proposal and answer questions on YouTube.
This proposal is also available on the Dragonchain blog.

Hello Reddit and Ethereum community!

I’m Joe Roets, Founder & CEO of Dragonchain. When the team and I first heard about The Great Reddit Scaling Bake-Off we were intrigued. We believe we have the solutions Reddit seeks for its community points system and we have them at scale.
For your consideration, we have submitted our proposal below. The team at Dragonchain and I welcome and look forward to your technical questions, philosophical feedback, and fair criticism, to build a scaling solution for Reddit that will empower its users. Because our architecture is unlike other blockchain platforms out there today, we expect to receive many questions while people try to grasp our project. I will answer all questions here in this thread on Reddit, and I've answered some questions in the stream on YouTube.
We have seen good discussions so far in the competition. We hope that Reddit’s scaling solution will emerge from The Great Reddit Scaling Bake-Off and that Reddit will have great success with the implementation.

Executive summary

Dragonchain is a robust open source hybrid blockchain platform that has proven to withstand the passing of time since our inception in 2014. We have continued to evolve to harness the scalability of private nodes, yet take full advantage of the security of public decentralized networks, like Ethereum. We have a live, operational, and fully functional Interchain network integrating Bitcoin, Ethereum, Ethereum Classic, and ~700 independent Dragonchain nodes. Every transaction is secured to Ethereum, Bitcoin, and Ethereum Classic. Transactions are immediately usable on chain, and the first decentralization is seen within 20 seconds on Dragon Net. Security increases further to public networks ETH, BTC, and ETC within 10 minutes to 2 hours. Smart contracts can be written in any executable language, offering full freedom to existing developers. We invite any developer to watch the demo, play with our SDK’s, review open source code, and to help us move forward. Dragonchain specializes in scalable loyalty & rewards solutions and has built a decentralized social network on chain, with very affordable transaction costs. This experience can be combined with the insights Reddit and the Ethereum community have gained in the past couple of months to roll out the solution at a rapid pace.

Response and PoC

In The Great Reddit Scaling Bake-Off post, Reddit has asked for a series of demonstrations, requirements, and other considerations. In this section, we will attempt to answer all of these requests.

Live Demo

A live proof of concept showing hundreds of thousands of transactions
On Jan 7, 2020, Dragonchain hosted a 24-hour live demonstration during which a quarter of a billion (250 million+) transactions executed fully on an operational network. Every single transaction on Dragonchain is decentralized immediately through 5 levels of Dragon Net, and then secured with combined proof on Bitcoin, Ethereum, Ethereum Classic, and Binance Chain, via Interchain. This means that every single transaction is secured by, and traceable to these networks. An attack on this system would require a simultaneous attack on all of the Interchained networks.
24 hours in 4 minutes (YouTube):
24 hours in 4 minutes
The demonstration was of a single business system, and any user is able to scale this further, by running multiple systems simultaneously. Our goals for the event were to demonstrate a consistent capacity greater than that of Visa over an extended time period.
Tooling to reproduce our demo is available here:
https://github.com/dragonchain/spirit-bomb

Source Code

Source code (for on & off-chain components as well tooling used for the PoC). The source code does not have to be shared publicly, but if Reddit decides to use a particular solution it will need to be shared with Reddit at some point.

Scaling

How it works & scales

Architectural Scaling

Dragonchain’s architecture attacks the scalability issue from multiple angles. Dragonchain is a hybrid blockchain platform, wherein every transaction is protected on a business node to the requirements of that business or purpose. A business node may be held completely private or may be exposed or replicated to any level of exposure desired.
Every node has its own blockchain and is independently scalable. Dragonchain established Context Based Verification as its consensus model. Every transaction is immediately usable on a trust basis, and in time is provable to an increasing level of decentralized consensus. A transaction will have a level of decentralization to independently owned and deployed Dragonchain nodes (~700 nodes) within seconds, and full decentralization to BTC and ETH within minutes or hours. Level 5 nodes (Interchain nodes) function to secure all transactions to public or otherwise external chains such as Bitcoin and Ethereum. These nodes scale the system by aggregating multiple blocks into a single Interchain transaction on a cadence. This timing is configurable based upon average fees for each respective chain. For detailed information about Dragonchain’s architecture, and Context Based Verification, please refer to the Dragonchain Architecture Document.

Economic Scaling

An interesting feature of Dragonchain’s network consensus is its economics and scarcity model. Since Dragon Net nodes (L2-L4) are independent staking nodes, deployment to cloud platforms would allow any of these nodes to scale to take on a large percentage of the verification work. This is great for scalability, but not good for the economy, because there is no scarcity, and pricing would develop a downward spiral and result in fewer verification nodes. For this reason, Dragonchain uses TIME as scarcity.
TIME is calculated as the number of Dragons held, multiplied by the number of days held. TIME influences the user’s access to features within the Dragonchain ecosystem. It takes into account both the Dragon balance and length of time each Dragon is held. TIME is staked by users against every verification node and dictates how much of the transaction fees are awarded to each participating node for every block.
TIME also dictates the transaction fee itself for the business node. TIME is staked against a business node to set a deterministic transaction fee level (see transaction fee table below in Cost section). This is very interesting in a discussion about scaling because it guarantees independence for business implementation. No matter how much traffic appears on the entire network, a business is guaranteed to not see an increased transaction fee rate.

Scaled Deployment

Dragonchain uses Docker and Kubernetes to allow the use of best practices traditional system scaling. Dragonchain offers managed nodes with an easy to use web based console interface. The user may also deploy a Dragonchain node within their own datacenter or favorite cloud platform. Users have deployed Dragonchain nodes on-prem on Amazon AWS, Google Cloud, MS Azure, and other hosting platforms around the world. Any executable code, anything you can write, can be written into a smart contract. This flexibility is what allows us to say that developers with no blockchain experience can use any code language to access the benefits of blockchain. Customers have used NodeJS, Python, Java, and even BASH shell script to write smart contracts on Dragonchain.
With Docker containers, we achieve better separation of concerns, faster deployment, higher reliability, and lower response times.
We chose Kubernetes for its self-healing features, ability to run multiple services on one server, and its large and thriving development community. It is resilient, scalable, and automated. OpenFaaS allows us to package smart contracts as Docker images for easy deployment.
Contract deployment time is now bounded only by the size of the Docker image being deployed but remains fast even for reasonably large images. We also take advantage of Docker’s flexibility and its ability to support any language that can run on x86 architecture. Any image, public or private, can be run as a smart contract using Dragonchain.

Flexibility in Scaling

Dragonchain’s architecture considers interoperability and integration as key features. From inception, we had a goal to increase adoption via integration with real business use cases and traditional systems.
We envision the ability for Reddit, in the future, to be able to integrate alternate content storage platforms or other financial services along with the token.
  • LBRY - To allow users to deploy content natively to LBRY
  • MakerDAO to allow users to lend small amounts backed by their Reddit community points.
  • STORJ/SIA to allow decentralized on chain storage of portions of content. These integrations or any other are relatively easy to integrate on Dragonchain with an Interchain implementation.

Cost

Cost estimates (on-chain and off-chain) For the purpose of this proposal, we assume that all transactions are on chain (posts, replies, and votes).
On the Dragonchain network, transaction costs are deterministic/predictable. By staking TIME on the business node (as described above) Reddit can reduce transaction costs to as low as $0.0000025 per transaction.
Dragonchain Fees Table

Getting Started

How to run it
Building on Dragonchain is simple and requires no blockchain experience. Spin up a business node (L1) in our managed environment (AWS), run it in your own cloud environment, or on-prem in your own datacenter. Clear documentation will walk you through the steps of spinning up your first Dragonchain Level 1 Business node.
Getting started is easy...
  1. Download Dragonchain’s dctl
  2. Input three commands into a terminal
  3. Build an image
  4. Run it
More information can be found in our Get started documents.

Architecture
Dragonchain is an open source hybrid platform. Through Dragon Net, each chain combines the power of a public blockchain (like Ethereum) with the privacy of a private blockchain.
Dragonchain organizes its network into five separate levels. A Level 1, or business node, is a totally private blockchain only accessible through the use of public/private keypairs. All business logic, including smart contracts, can be executed on this node directly and added to the chain.
After creating a block, the Level 1 business node broadcasts a version stripped of sensitive private data to Dragon Net. Three Level 2 Validating nodes validate the transaction based on guidelines determined from the business. A Level 3 Diversity node checks that the level 2 nodes are from a diverse array of locations. A Level 4 Notary node, hosted by a KYC partner, then signs the validation record received from the Level 3 node. The transaction hash is ledgered to the Level 5 public chain to take advantage of the hash power of massive public networks.
Dragon Net can be thought of as a “blockchain of blockchains”, where every level is a complete private blockchain. Because an L1 can send to multiple nodes on a single level, proof of existence is distributed among many places in the network. Eventually, proof of existence reaches level 5 and is published on a public network.

API Documentation

APIs (on chain & off)

SDK Source

Nobody’s Perfect

Known issues or tradeoffs
  • Dragonchain is open source and even though the platform is easy enough for developers to code in any language they are comfortable with, we do not have so large a developer community as Ethereum. We would like to see the Ethereum developer community (and any other communities) become familiar with our SDK’s, our solutions, and our platform, to unlock the full potential of our Ethereum Interchain. Long ago we decided to prioritize both Bitcoin and Ethereum Interchains. We envision an ecosystem that encompasses different projects to give developers the ability to take full advantage of all the opportunities blockchain offers to create decentralized solutions not only for Reddit but for all of our current platforms and systems. We believe that together we will take the adoption of blockchain further. We currently have additional Interchain with Ethereum Classic. We look forward to Interchain with other blockchains in the future. We invite all blockchains projects who believe in decentralization and security to Interchain with Dragonchain.
  • While we only have 700 nodes compared to 8,000 Ethereum and 10,000 Bitcoin nodes. We harness those 18,000 nodes to scale to extremely high levels of security. See Dragonchain metrics.
  • Some may consider the centralization of Dragonchain’s business nodes as an issue at first glance, however, the model is by design to protect business data. We do not consider this a drawback as these nodes can make any, none, or all data public. Depending upon the implementation, every subreddit could have control of its own business node, for potential business and enterprise offerings, bringing new alternative revenue streams to Reddit.

Costs and resources

Summary of cost & resource information for both on-chain & off-chain components used in the PoC, as well as cost & resource estimates for further scaling. If your PoC is not on mainnet, make note of any mainnet caveats (such as congestion issues).
Every transaction on the PoC system had a transaction fee of $0.0001 (one-hundredth of a cent USD). At 256MM transactions, the demo cost $25,600. With current operational fees, the same demonstration would cost $640 USD.
For the demonstration, to achieve throughput to mimic a worldwide payments network, we modeled several clients in AWS and 4-5 business nodes to handle the traffic. The business nodes were tuned to handle higher throughput by adjusting memory and machine footprint on AWS. This flexibility is valuable to implementing a system such as envisioned by Reddit. Given that Reddit’s daily traffic (posts, replies, and votes) is less than half that of our demo, we would expect that the entire Reddit system could be handled on 2-5 business nodes using right-sized containers on AWS or similar environments.
Verification was accomplished on the operational Dragon Net network with over 700 independently owned verification nodes running around the world at no cost to the business other than paid transaction fees.

Requirements

Scaling

This PoC should scale to the numbers below with minimal costs (both on & off-chain). There should also be a clear path to supporting hundreds of millions of users.
Over a 5 day period, your scaling PoC should be able to handle:
*100,000 point claims (minting & distributing points) *25,000 subscriptions *75,000 one-off points burning *100,000 transfers
During Dragonchain’s 24 hour demo, the above required numbers were reached within the first few minutes.
Reddit’s total activity is 9000% more than Ethereum’s total transaction level. Even if you do not include votes, it is still 700% more than Ethereum’s current volume. Dragonchain has demonstrated that it can handle 250 million transactions a day, and it’s architecture allows for multiple systems to work at that level simultaneously. In our PoC, we demonstrate double the full capacity of Reddit, and every transaction was proven all the way to Bitcoin and Ethereum.
Reddit Scaling on Ethereum

Decentralization

Solutions should not depend on any single third-party provider. We prefer solutions that do not depend on specific entities such as Reddit or another provider, and solutions with no single point of control or failure in off-chain components but recognize there are numerous trade-offs to consider
Dragonchain’s architecture calls for a hybrid approach. Private business nodes hold the sensitive data while the validation and verification of transactions for the business are decentralized within seconds and secured to public blockchains within 10 minutes to 2 hours. Nodes could potentially be controlled by owners of individual subreddits for more organic decentralization.
  • Billing is currently centralized - there is a path to federation and decentralization of a scaled billing solution.
  • Operational multi-cloud
  • Operational on-premises capabilities
  • Operational deployment to any datacenter
  • Over 700 independent Community Verification Nodes with proof of ownership
  • Operational Interchain (Interoperable to Bitcoin, Ethereum, and Ethereum Classic, open to more)

Usability Scaling solutions should have a simple end user experience.

Users shouldn't have to maintain any extra state/proofs, regularly monitor activity, keep track of extra keys, or sign anything other than their normal transactions
Dragonchain and its customers have demonstrated extraordinary usability as a feature in many applications, where users do not need to know that the system is backed by a live blockchain. Lyceum is one of these examples, where the progress of academy courses is being tracked, and successful completion of courses is rewarded with certificates on chain. Our @Save_The_Tweet bot is popular on Twitter. When used with one of the following hashtags - #please, #blockchain, #ThankYou, or #eternalize the tweet is saved through Eternal to multiple blockchains. A proof report is available for future reference. Other examples in use are DEN, our decentralized social media platform, and our console, where users can track their node rewards, view their TIME, and operate a business node.
Examples:

Transactions complete in a reasonable amount of time (seconds or minutes, not hours or days)
All transactions are immediately usable on chain by the system. A transaction begins the path to decentralization at the conclusion of a 5-second block when it gets distributed across 5 separate community run nodes. Full decentralization occurs within 10 minutes to 2 hours depending on which interchain (Bitcoin, Ethereum, or Ethereum Classic) the transaction hits first. Within approximately 2 hours, the combined hash power of all interchained blockchains secures the transaction.

Free to use for end users (no gas fees, or fixed/minimal fees that Reddit can pay on their behalf)
With transaction pricing as low as $0.0000025 per transaction, it may be considered reasonable for Reddit to cover transaction fees for users.
All of Reddit's Transactions on Blockchain (month)
Community points can be earned by users and distributed directly to their Reddit account in batch (as per Reddit minting plan), and allow users to withdraw rewards to their Ethereum wallet whenever they wish. Withdrawal fees can be paid by either user or Reddit. This model has been operating inside the Dragonchain system since 2018, and many security and financial compliance features can be optionally added. We feel that this capability greatly enhances user experience because it is seamless to a regular user without cryptocurrency experience, yet flexible to a tech savvy user. With regard to currency or token transactions, these would occur on the Reddit network, verified to BTC and ETH. These transactions would incur the $0.0000025 transaction fee. To estimate this fee we use the monthly active Reddit users statista with a 60% adoption rate and an estimated 10 transactions per month average resulting in an approximate $720 cost across the system. Reddit could feasibly incur all associated internal network charges (mining/minting, transfer, burn) as these are very low and controllable fees.
Reddit Internal Token Transaction Fees

Reddit Ethereum Token Transaction Fees
When we consider further the Ethereum fees that might be incurred, we have a few choices for a solution.
  1. Offload all Ethereum transaction fees (user withdrawals) to interested users as they wish to withdraw tokens for external use or sale.
  2. Cover Ethereum transaction fees by aggregating them on a timed schedule. Users would request withdrawal (from Reddit or individual subreddits), and they would be transacted on the Ethereum network every hour (or some other schedule).
  3. In a combination of the above, customers could cover aggregated fees.
  4. Integrate with alternate Ethereum roll up solutions or other proposals to aggregate minting and distribution transactions onto Ethereum.

Bonus Points

Users should be able to view their balances & transactions via a blockchain explorer-style interface
From interfaces for users who have no knowledge of blockchain technology to users who are well versed in blockchain terms such as those present in a typical block explorer, a system powered by Dragonchain has flexibility on how to provide balances and transaction data to users. Transactions can be made viewable in an Eternal Proof Report, which displays raw data along with TIME staking information and traceability all the way to Bitcoin, Ethereum, and every other Interchained network. The report shows fields such as transaction ID, timestamp, block ID, multiple verifications, and Interchain proof. See example here.
Node payouts within the Dragonchain console are listed in chronological order and can be further seen in either Dragons or USD. See example here.
In our social media platform, Dragon Den, users can see, in real-time, their NRG and MTR balances. See example here.
A new influencer app powered by Dragonchain, Raiinmaker, breaks down data into a user friendly interface that shows coin portfolio, redeemed rewards, and social scores per campaign. See example here.

Exiting is fast & simple
Withdrawing funds on Dragonchain’s console requires three clicks, however, withdrawal scenarios with more enhanced security features per Reddit’s discretion are obtainable.

Interoperability Compatibility with third party apps (wallets/contracts/etc) is necessary.
Proven interoperability at scale that surpasses the required specifications. Our entire platform consists of interoperable blockchains connected to each other and traditional systems. APIs are well documented. Third party permissions are possible with a simple smart contract without the end user being aware. No need to learn any specialized proprietary language. Any code base (not subsets) is usable within a Docker container. Interoperable with any blockchain or traditional APIs. We’ve witnessed relatively complex systems built by engineers with no blockchain or cryptocurrency experience. We’ve also demonstrated the creation of smart contracts within minutes built with BASH shell and Node.js. Please see our source code and API documentation.

Scaling solutions should be extensible and allow third parties to build on top of it Open source and extensible
APIs should be well documented and stable

Documentation should be clear and complete
For full documentation, explore our docs, SDK’s, Github repo’s, architecture documents, original Disney documentation, and other links or resources provided in this proposal.

Third-party permissionless integrations should be possible & straightforward Smart contracts are Docker based, can be written in any language, use full language (not subsets), and can therefore be integrated with any system including traditional system APIs. Simple is better. Learning an uncommon or proprietary language should not be necessary.
Advanced knowledge of mathematics, cryptography, or L2 scaling should not be required. Compatibility with common utilities & toolchains is expected.
Dragonchain business nodes and smart contracts leverage Docker to allow the use of literally any language or executable code. No proprietary language is necessary. We’ve witnessed relatively complex systems built by engineers with no blockchain or cryptocurrency experience. We’ve also demonstrated the creation of smart contracts within minutes built with BASH shell and Node.js.

Bonus

Bonus Points: Show us how it works. Do you have an idea for a cool new use case for Community Points? Build it!

TIME

Community points could be awarded to Reddit users based upon TIME too, whereas the longer someone is part of a subreddit, the more community points someone naturally gained, even if not actively commenting or sharing new posts. A daily login could be required for these community points to be credited. This grants awards to readers too and incentivizes readers to create an account on Reddit if they browse the website often. This concept could also be leveraged to provide some level of reputation based upon duration and consistency of contribution to a community subreddit.

Dragon Den

Dragonchain has already built a social media platform that harnesses community involvement. Dragon Den is a decentralized community built on the Dragonchain blockchain platform. Dragon Den is Dragonchain’s answer to fake news, trolling, and censorship. It incentivizes the creation and evaluation of quality content within communities. It could be described as being a shareholder of a subreddit or Reddit in its entirety. The more your subreddit is thriving, the more rewarding it will be. Den is currently in a public beta and in active development, though the real token economy is not live yet. There are different tokens for various purposes. Two tokens are Lair Ownership Rights (LOR) and Lair Ownership Tokens (LOT). LOT is a non-fungible token for ownership of a specific Lair. LOT will only be created and converted from LOR.
Energy (NRG) and Matter (MTR) work jointly. Your MTR determines how much NRG you receive in a 24-hour period. Providing quality content, or evaluating content will earn MTR.

Security. Users have full ownership & control of their points.
All community points awarded based upon any type of activity or gift, are secured and provable to all Interchain networks (currently BTC, ETH, ETC). Users are free to spend and withdraw their points as they please, depending on the features Reddit wants to bring into production.

Balances and transactions cannot be forged, manipulated, or blocked by Reddit or anyone else
Users can withdraw their balance to their ERC20 wallet, directly through Reddit. Reddit can cover the fees on their behalf, or the user covers this with a portion of their balance.

Users should own their points and be able to get on-chain ERC20 tokens without permission from anyone else
Through our console users can withdraw their ERC20 rewards. This can be achieved on Reddit too. Here is a walkthrough of our console, though this does not show the quick withdrawal functionality, a user can withdraw at any time. https://www.youtube.com/watch?v=aNlTMxnfVHw

Points should be recoverable to on-chain ERC20 tokens even if all third-parties involved go offline
If necessary, signed transactions from the Reddit system (e.g. Reddit + Subreddit) can be sent to the Ethereum smart contract for minting.

A public, third-party review attesting to the soundness of the design should be available
To our knowledge, at least two large corporations, including a top 3 accounting firm, have conducted positive reviews. These reviews have never been made public, as Dragonchain did not pay or contract for these studies to be released.

Bonus points
Public, third-party implementation review available or in progress
See above

Compatibility with HSMs & hardware wallets
For the purpose of this proposal, all tokenization would be on the Ethereum network using standard token contracts and as such, would be able to leverage all hardware wallet and Ethereum ecosystem services.

Other Considerations

Minting/distributing tokens is not performed by Reddit directly
This operation can be automated by smart contract on Ethereum. Subreddits can if desired have a role to play.

One off point burning, as well as recurring, non-interactive point burning (for subreddit memberships) should be possible and scalable
This is possible and scalable with interaction between Dragonchain Reddit system and Ethereum token contract(s).

Fully open-source solutions are strongly preferred
Dragonchain is fully open source (see section on Disney release after conclusion).

Conclusion

Whether it is today, or in the future, we would like to work together to bring secure flexibility to the highest standards. It is our hope to be considered by Ethereum, Reddit, and other integrative solutions so we may further discuss the possibilities of implementation. In our public demonstration, 256 million transactions were handled in our operational network on chain in 24 hours, for the low cost of $25K, which if run today would cost $625. Dragonchain’s interoperable foundation provides the atmosphere necessary to implement a frictionless community points system. Thank you for your consideration of our proposal. We look forward to working with the community to make something great!

Disney Releases Blockchain Platform as Open Source

The team at Disney created the Disney Private Blockchain Platform. The system was a hybrid interoperable blockchain platform for ledgering and smart contract development geared toward solving problems with blockchain adoption and usability. All objective evaluation would consider the team’s output a success. We released a list of use cases that we explored in some capacity at Disney, and our input on blockchain standardization as part of our participation in the W3C Blockchain Community Group.
https://lists.w3.org/Archives/Public/public-blockchain/2016May/0052.html

Open Source

In 2016, Roets proposed to release the platform as open source to spread the technology outside of Disney, as others within the W3C group were interested in the solutions that had been created inside of Disney.
Following a long process, step by step, the team met requirements for release. Among the requirements, the team had to:
  • Obtain VP support and approval for the release
  • Verify ownership of the software to be released
  • Verify that no proprietary content would be released
  • Convince the organization that there was a value to the open source community
  • Convince the organization that there was a value to Disney
  • Offer the plan for ongoing maintenance of the project outside of Disney
  • Itemize competing projects
  • Verify no conflict of interest
  • Preferred license
  • Change the project name to not use the name Disney, any Disney character, or any other associated IP - proposed Dragonchain - approved
  • Obtain legal approval
  • Approval from corporate, parks, and other business units
  • Approval from multiple Disney patent groups Copyright holder defined by Disney (Disney Connected and Advanced Technologies)
  • Trademark searches conducted for the selected name Dragonchain
  • Obtain IT security approval
  • Manual review of OSS components conducted
  • OWASP Dependency and Vulnerability Check Conducted
  • Obtain technical (software) approval
  • Offer management, process, and financial plans for the maintenance of the project.
  • Meet list of items to be addressed before release
  • Remove all Disney project references and scripts
  • Create a public distribution list for email communications
  • Remove Roets’ direct and internal contact information
  • Create public Slack channel and move from Disney slack channels
  • Create proper labels for issue tracking
  • Rename internal private Github repository
  • Add informative description to Github page
  • Expand README.md with more specific information
  • Add information beyond current “Blockchains are Magic”
  • Add getting started sections and info on cloning/forking the project
  • Add installation details
  • Add uninstall process
  • Add unit, functional, and integration test information
  • Detail how to contribute and get involved
  • Describe the git workflow that the project will use
  • Move to public, non-Disney git repository (Github or Bitbucket)
  • Obtain Disney Open Source Committee approval for release
On top of meeting the above criteria, as part of the process, the maintainer of the project had to receive the codebase on their own personal email and create accounts for maintenance (e.g. Github) with non-Disney accounts. Given the fact that the project spanned multiple business units, Roets was individually responsible for its ongoing maintenance. Because of this, he proposed in the open source application to create a non-profit organization to hold the IP and maintain the project. This was approved by Disney.
The Disney Open Source Committee approved the application known as OSSRELEASE-10, and the code was released on October 2, 2016. Disney decided to not issue a press release.
Original OSSRELASE-10 document

Dragonchain Foundation

The Dragonchain Foundation was created on January 17, 2017. https://den.social/l/Dragonchain/24130078352e485d96d2125082151cf0/dragonchain-and-disney/
submitted by j0j0r0 to ethereum [link] [comments]

Bitcoin is gold.

I'm sure many ppl are aware of the story around the price and value and usage of gold as currency along the ages.
Once upon a time people had stuff and they wanted to trade it for other stuff, because variety is nice in life and it allows you to produce the things you need in life that you are good at producing while gaining the advantage of sharing that thing with others and recieving their products and services in return.
The problem occurs when your trading partner has no use for your products/services, so a 3 person trade is required. If Joel wants a goat and Sarai wants grains, then a third party who both has a goat or trades in grain, is required. So Joel and Sarai spend the next few months seeking this magical being who may not exist to complete their transaction. Meanwhile the seasons are changing, so their needs are changing as well, which means more incomplete/untimely transactions.
Some people eventually began trading in Gold mined from the rivers and mountainsides. Also some people from the desert seemed to have a lot of it too. (slavery)
And it captivated people and they used it to build massive cities and stuff.
Cities then coveted the material and converted it into coinage for the upperclass and to make things "fair" they would issue silver coins to the peons. So the lowly folk could go about their business while the bourgeoisie of their time, began to get stronger.
The same thing is happening in Bitcoin. Expect massive volatilities in the market. The bots are making the water real choppy, and avoid people persuading you to part with your BTC, unless your trading partner is willing to price goods and services in Bitcoin. Consider this. If you sell a product for 4x more than it costs you to make, and you recieve bitcoin for that good or service, you gain a buyin price 3 times lower than its current price and year over year that income will rise in value. With Bitcoin, Joel can buy his goat and Sarai can buy her grains, even from the comfort of their own home. Which also can be purchased with bitcoin.
People have been doing this as early as bitcoin has existed. The famous example, some guy wanted some pizza, he paid someone online using bitcoin to send them to his house.
If you really believe in bitcoin, ask to be paid in bitcoin, and use bitcoin for normal daily transactions. The person who recieves it can sell or hold or do one of the million other things you might do with Bitcoin.
One of the best experiences you can share with others is to send them some sats. Everything digital before bitcoin is able to be copied, and freely sent. Bitcoin is the first digital financial object that is globally and freely transactable. You cant lose it in the couch but you can lose the private keys.
submitted by entpia to Bitcoin [link] [comments]

Why i’m bullish on Zilliqa (long read)

Edit: TL;DR added in the comments
 
Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analyzed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk-reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralized and scalable in my opinion.
 
Below I post my analysis of why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise, just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction
 
The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since the end of January 2019 with daily transaction rates growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralized and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. The maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realized early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralized, secure, and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in the amount of nodes. More nodes = higher transaction throughput and increased decentralization. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue dissecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour, no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts, etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as: “A peer-to-peer, append-only datastore that uses consensus to synchronize cryptographically-secure data”.
 
Next, he states that: "blockchains are fundamentally systems for managing valid state transitions”. For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber, and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa, this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network, etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever-changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralized and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimization on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and the University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (66%) double-spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT, etc. Another thing we haven’t looked at yet is the amount of decentralization.
 
Decentralisation
 
Currently, there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so-called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralized nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics, you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching its transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end-users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public. They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public-facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers. The 5% block rewards with an annual yield of 10.03% translate to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non-custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS; shard nodes and seed nodes becoming more decentralized too, Zilliqa qualifies for the label of decentralized in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. The faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time-stamped so you’ll start right away with a platform introduction, roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalized: programming languages can be divided into being ‘object-oriented’ or ‘functional’. Here is an ELI5 given by software development academy: * “all programs have two basic components, data – what the program knows – and behavior – what the program can do with that data. So object-oriented programming states that combining data and related behaviors in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behavior are different things and should be separated to ensure their clarity.” *
 
Scilla is on the functional side and shares similarities with OCaml: OCaml is a general-purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognized by academics and won a so-called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise, it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts, it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa or Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue: In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships
 
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organizations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggests that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already take advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, Airbnb, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are built on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human-readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They don't just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data, it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community-run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non-custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiative (correct me if I’m wrong though). This suggests in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real-time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding of what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures, Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
submitted by haveyouheardaboutit to CryptoCurrency [link] [comments]

[ CryptoCurrency ] Supporting BTC is unethical

Topic originally posted in CryptoCurrency by buddykire [link]
Buttcoin is holding the entire crypto space back, so of course I´m a little salty. It´s literally making the world a worse place, and setting human progess back a few years. Such a shame that most people can´t see the bigger picture. Imagine if all the money, work and marketing spent on buttcoin, was actually spent on a coin with a future instead. Buttcoin is just gonna pump to some number, then dump right back down at some point, like what happened in 2018. Many people have killed themselves at the hands of buttcoin. Average guy gets phucked while the whales manipulate the market and become billionaires.
They talk about buttcoin like it has a bright future and will change the world, but this couldnt be further away from the truth. Yes, it has changed the world and it accomplished a lot as the first crypto. But it´s time to move on. If the human population had been smart enough, lets say some 200 IQ aliens came down to earth. They would shut off bitcoin immediately and build something better from scratch. These big exchages know that butcoin will eventually fail, but they unethically market it because they make a chitload of money on it. Promise unrealistic things to people that don´t know any better. People who have no idea of all the flaws of the system, or even how it works.
Crypto while great under the hood in some cases, is just the latest example of human greed and incompetence. Putting money before progress. Unable to see the bigger picture. What I´m looking for from the cypto community as a whole, is a confession that you are only in it for the money, nothing else. Thats it.
Buttcoin is decentralized money, and I get people want to diversify in uncertain times where fiat currency is on shaky ground, nothing wrong with that. But realize that btc has no long term future and will die, thats a fact. Just saying lol. Bitcoin made the world progress in the beginning, but it cannot carry the torch any further.
Whats gonna happen is bitcoin will pump and dump till it´s dead. A cycle of pump and dumps. Since it actually can never support mass adoption, it will never be more than a speculative asset first, traded on nothing but hope, lies and manipulation. Speaculation will always be the number one usecase, and not just any speculation, but specualtion based on an extremely manipulated market ruled by people who are not good people. Supporting bitcoin is pretty unethical in my book at least. Newbies go in with their life saving and they lose a lot of it because there are so many scams. And bitcoin makes these scams possible in the first place. Bitcoin not being mass adoped leaves room for shady actors to fill a gap of promise of a new mass adoption cryptocurrency. And thus the cicle continues. If another crypto already occupied that gap, and was the number one leader, there would be less scams, and people would be better educated.
I see very few people speaking about this, so I take it upon myself to be a person fighting the good fight in a sea full of bad actors. Bitcoin becoming this grand thing is an illusion and dream selling, nothing more. It is flawed in so any ways, it cannot succeed long term. Maybe even satoshi is a greedy prick since he still havent sold his massive stack. He is clinging onto his invention even tho it stands no chance. Or maybe he´s just not as bright as everyone thinks.
Btc might just fall back down when the stock market collapses again, and when the demand for dollars increases, or not. Who the hell knows. " The only thing I know for sure is that bitcoin will die" - Descartes.


Bottom line: If you support bitcoin you are part of the problem, not the solution. Your actions indireclty contribute to hinder innovation and keep humanity from making faster progress. By supporting bitcoin, you are also indirectly supporting all the scams in crypto that make people lose money. This is just a fact, take a look in the mirror. And atleast admit that you´re only here for the money, and that you dont give a shit about decentralization. Either you support it or you don´t.
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Q and A with Javis Lockhart creator of Tradeium/ Trendbot, a free to use Binance trading bot platform

Q and A with Javis Lockhart creator of Tradeium/ Trendbot, a free to use Binance trading bot platform
*(Featuring Bitcoin Cash as a portfolio trading option)
TLDR : Canadian entrepreneur, Javis Lockhart developed a dual momentum based trading system for cryptocurrency but struggled at times executing trades manually. So he created a Binance trading bot that would do it for him. Then opened Trendbot free to the public in late 2019. Q & A (Products discussed).
https://tradeium.io/referrals/Trendbot86/
Tradeium Q & A with Javis Lockhart:
Why did you develop Tradeium?
Tradeium originally was just Trendbot and was just for personal use. While being talented in statistics, math and developing systems. Discretionary (manual) trading wasn't my strong suit. The main issue with manual trading is its inconvenient and inconsistent. It can be emotionally hard and stressful to stick with it even when you have a great strategy.
So I created a Binance trading bot that would do it for me. After offering my trading systems to friends and family. I opened Trendbot free to the public in late 2019 through Tradeium.io
What does the strategy do?
Trendbot (Free) Aims to outperform the market with lower risk by catching the largest price trends in cryptocurrency. Tradeium allows you to select a custom portfolio of your favorite coins (+BCH), or a pre-selected one. TrendBot then trades between the coins in your portfolio using a dual-momentum trading system every 6 hours.
Marginbot is a trend trading bot offered by Tradeium (Coming soon). It builds upon Trendbot by using the power of margin trading. It utilizes an advanced strategy to apply margin when Trendbot significantly generally outperforms.
HODL (Free) was designed for those who want to passively average the returns of a selection of coins. HODL will rebalance every 6 hours.

Trendbot My Portfolio
https://tradeium.io/referrals/Trendbot86/
What’s the minimum amount I need to have in Binance?
There is currently no minimum balance required to use Trendbot. However $50 is recommended.
How much does it cost?
Tradeium takes advantage of the Binance Broker Program and currently receives 40% of the trading fees our users generate on Binance. Allowing us to provide Trendbot and HODL free to the user!
We are working on a TRM token payment model for Marginbot which is not available to the public at the time of this interview.
How many users are currently using Tradeium?
We have over 90 active users. We also have a growing support and discussion community that can be found on Telegram (at time of post 85 members).
https://tradeium.io/referrals/Trendbot86/
More Info:
https://www.youtube.com/watch?v=bb5VsidqzNI&t=2s Advanced Trend Trading Bot for Binance | Tradeium Overview

Telegram- https://t.me/tradeium_community (85 members at time of post)

Telegram- https://t.me/Bots_vs_BTC (128 members at time of post) (*See BOT TRACKER)

https://cryptocanary.app/review/Tools-Utilities/Tradeium Five star user reviews

https://ca.linkedin.com/in/javis-lockhart-792509134

Javis Lockhart - Founder - https://tradeium.io/referrals/Trendbot86/
submitted by Trendbot86 to Bitcoincash [link] [comments]

GoatFish a bot framework for leveraged crypto trading

So I wanted to get into algo-trading last year, more specifically in crypto, but I didn't want to simply spot buy and sell crypto assets, imo those markets lack liquidity, and liquidity is king
So I decided to build a bot for leveraged trading of Bitcoin. Long story short, I saw a gap in the market: no one had built a bot framework for leveraged trading in crypto.
So thats just what Ive been doing in my free time over the past year, and since it's almost done. I think now is the time for fellow enthusiast to take a look and rip it apart.
A bit of context, on what the tool does and is:
Background GoatFish is meant to be an infrastructure that allows you to dynamically run custom code in a vacuum (a docker container). while taking care of all the other elements of algotrading for you. All the streaming information from the exchange, all the order setting, backtesting, paperTrading.... is carried out an an application layer and the user doesn't have to worry about it.
Exchanges Currently it only supports Bitmex, but it is structured to be able to add any an all exchanges a user may want to add with very little effort(as long as its leveraged trading).
Strategies All you need to deploy a strategy is:
This information will then be used to keep track of all your positions all of your orders and automatically connect the strategy to the chosen exchange, and submit/cancel/ammend orders when necessary.
Additionally the bot functionality allows you to dynamically switch between actions. A bot can just as easily:
  1. livetrade
  2. papertrade
  3. backtest
  4. stop
Analytics The application provides real time analytics and scoring your strategies against each other.
Progress As it stand the application is a series of dockerised endpoints that communicate through kafka. They each all work together and individually to deploy and run strategies. How ever usage at the moment is limited o how knowledgable you are of the endpoints and their use, so I will be starting the development of a CLI with accompanying documentation to make it more accessible.
Im also very much aware the code is not perfect, but it does fairly well, a test strategy has been running a trade/min for the last 22 days with out any downtime. That being said I know it can be very much improved and welcome any and all suggestions.
Oh and ofc it's open sourced! Here you have the link: GoatFish
submitted by Lucasxhy to algotradingcrypto [link] [comments]

The CryptoSoft Review- Is It An Exceptional Crypto Trading Software or a Scam

The CryptoSoft Review- Is It An Exceptional Crypto Trading Software or a Scam
reviewed cryptosoft, it's one amongst the most effective auto trading platforms for cryptocurrency. My team set to review cryptosoft thanks to standard demand. Several folks want to use the auto trading robot to start out creating cash from the cryptocurrency market, but they need to make certain that cryptosoft is legit and will help them become financially free.
https://preview.redd.it/q5g7vhfvnpf51.jpg?width=1280&format=pjpg&auto=webp&s=f7111082d91a599f45e07b7a86532fe0ecc537d8
We have tested the auto trading software and my team is pleased to let our readers apprehend that it had been an amazing expertise. cryptosoft is a flawless, easy to use, and reliable auto trading robot that has been developed everybody who wants to become made by trading cryptocurrency.
The simplest issue about investing in an auto trading robot for cryptocurrency is that you are doing not would like to try and do any work. The sensible trading robots, work with the latest and refined AI-primarily based algorithm to generate a homogenous passive income for investors.
Who wouldn’t like the idea of getting a passive income? The demand for legit auto trading robots is high, but several people do not have the analytics tools that my team and I have at our disposal. This is often why we tend to do these reviews and comprehensively check auto trading cryptocurrency robots to identify those who we can suggest to our audience.
And after our expertise with cryptosoft, we have a tendency to are happy to advocate the auto trading platform to everybody who wants to be financially free and retire before planned.
Conclusion: An outstanding software for beginners and professionals.
cryptosoft is a absolutely developed and practical automated trading platform for cryptocurrency. On the platform, investors have an opportunity to register an account which will be managed for so long as they need to continue trading. cryptosoft uses intelligent software and trading robots that may perform transactions on behalf of the investor.
The trading robots are enhanced with intelligent and sophisticated software that permits the robots to detect the best trading opportunities within the cryptocurrency market within minutes. cryptosoft is obtainable in over a hundred and fifty countries; please view the official website to know if your country is on the list.
Below, we have presented a outline that best describes our experience with cryptosoft;
one). We have run many analytics tests on the auto trading platform, and our results were assessed, we have a tendency to discovered that the success score for cryptosoft is 96percent.
2). The volatile nature of the cryptocurrency market and risks are lowered by this automated system as a result of the trading robots work terribly fast to perform profitable trades.
three). Investors are allowed to make deposits and begin earning, the lowest deposit accepted on the cryptosoft platform is $250, while the best deposit value is $fifteen,000.
four). Please click here to start your expertise with the cryptosoft trading robot
cryptosoft
We have a tendency to found it simple to check the features on the cryptosoft platform as a result of of the high-quality of the location. We think this is often a good issue and merit note because a responsive website will encourage a lot of individuals to sign up and begin making money with the trading robot.
My team has expertise in the area of testing and analysing auto trading robots. But I may not facilitate noticing that anyone could use the easy options and perceive how to urge started while not any help. That is how easy the user interface on the official cryptosoft website is, we tend to were impressed.cryptosoft Scam
Who invented the cryptosoft Auto Trading Platform?
We have a tendency to dug into the complete’s history to understand how cryptosoft was created. We revealed that a team of software engineers and cryptocurrency traders are accountable for the creation and launch of cryptosoft. The founding team continues to be managing the auto trading platform and they are professionals. We have a tendency to interacted with some members of the team and can state here that there are plans to create cryptosoft even more profitable for investors.
How cryptosoft works
We set to check the auto trading system to identify how it works before continuing with the creation of an account. My team discovered that the cryptosoft uses an operational model like alternative outstanding auto trading platforms for cryptocurrency like Bitcoin Rush, and Bitcoin Loophole. You'll scan our reviews for these 2 auto trading software on our website. The system is majorly about shopping for the cryptocurrency at an occasional price and selling when the price rises. It sounds extremely straightforward, but the cryptocurrency market is very vast, and it's not simple to follow all the market trends manually. This is often why we tend to have made the switch to use auto trading robots that can create additional cash from the cryptocurrency market, compared to trading manually. When the trading robot detects a probably profitable transaction, it acts independently to pick out and secure the transaction for the investor whose account and funds are used for trading. The transaction is held until the value of the cryptocurrency that has been bought rises; it can then be sold to create a profit
The developers of cryptosoft have created it straightforward for everybody to speculate and start creating cash with the system. They have set the minimum deposit on cryptosoft at an occasional price that's cheap by many people. We have a tendency to are happy regarding this, with as low as $250, anyone can start leveraging the live trading system to form money from the cryptocurrency market.
We tend to discovered that each one the transactions done on cryptosoft are in real-time. My team was happy regarding this because it gives us additional advantage to closely study the system and confirm how reliable it is. In the subsequent part, we tend to have written about our expertise, starting with the creation of a brand new account, that we have a tendency to needed to test the live trading features on cryptosoft.
How to urge started with cryptosoft
We have a tendency to had already scan about the quick and pleasant expertise alternative users had while gap a replacement cryptosoft account, thus we have a tendency to were ready for it, and they were right, we have a tendency to created and registered a new cryptosoft account in less than five minutes.
The registration method on cryptosoft is thus quick because only some details are requested from the user. We tend to only needed to finish the registration form by providing a user name, email address, and phone variety. Next, we tend to created a password and clicked on the submit button to begin the account verification method. Verification lasted only a couple of minutes, and we have a tendency to were set to use our new cryptosoft account.
We planned to start tiny, that may be a sensible plan for new investors. We tend to deposited $250 into our new cryptosoft account. It absolutely was straightforward, all we tend to had to try to to was select a payment choice, and click on the transfer button.
cryptosoft offers users a likelihood to watch how live trading is completed with the demo feature. It shows the exact method, but there's no risk because real cash is not involved when you utilize the demo feature.

https://preview.redd.it/pebk6sxwnpf51.jpg?width=745&format=pjpg&auto=webp&s=9c6c1de369b3613f554c989a84552cc14d05f00c
We tend to were excited concerning our 1st live trading expertise with cryptosoft. The auto trading system allowed us to line trading limits. This is a stop-loss feature that prevents an investor from losing all their funds within the market trends flip negative. The live trade session started with a click on the button.
We tend to let the robots trade for concerning vi hours; this gave my team enough time to check how it works. We tend to will ensure that the trading robots perform quick transactions, abundant faster than experienced traders can do throughout manual trades. That's how the system secures the best cash creating opportunities for the account owner using the live trading feature.
We had a beautiful time using the live trading feature, our first trading expertise ended with the system creating us richer. Yes, we have a tendency to created a profit without doing any work.
Note: We encourage beginners to use the demo trading feature. It shows how the system works and provides you a chance to review the method of live trading without the employment of real money.
Features of the cryptosoftTrading Platform
The payout system on cryptosoft calculates the users’ earnings and credits their cryptosoft account accurately. We have a tendency to checked to ensure that our funds were paid correctly into our account balance. There were no issues. The high success score on cryptosoft increases the chances of making thus abundant money after every live trading session.
The cryptosoft verification system is quick and efficient. It is a nice feature, the verification system prevents errors whereas making a brand new account, and it stops bots from using cryptosoft to trade coins in the market.
cryptosoft has an spectacular withdrawal method. Whereas many different trading robots require weeks to process withdrawal requests, our deposit was transferred to the checking account we provided within 24-hours. This can be great news for investors who might want fast access to funds when earning with cryptosoft.
The payout system takes a proportion from the profit an investor makes when a live trading session. This is how the house owners of cryptosoft create cash to manage the auto trading system
A section of the official cryptosoft website has been dedicated to that includes testimonials from happy investors who are making a heap of cash from the cryptocurrency market. We felt therefore happy reading this section of the site. It continuously feels smart to know that many people are changing into financially free with the utilization of good technology.
The customer service is offered 24/seven; this is often such a smart plan as a result of there are investors from completely different parts of the globe who may want to contact the client support team from regions with different time zones. We have a tendency to used the customer service feature; the response was fast and terribly helpful.
A new cryptosoft account can be created and verified in minutes. The account creation process on different trading platforms could take up to a week before approval.
It's absolve to open an account, and therefore the system is transparent. Many platforms for trading robots charge for everything from gap accounts to making a deposit.
Everybody will use the auto trading robot; the features are straightforward and user-friendly. The advanced systems on other trading platforms will cause users to make mistakes and lose cash.
The possibilities of earning a profit on all transactions are high as a result of of the efficient and quick trading robots. It's troublesome to establish the potency of the trading robots, that creates risks.
cryptosoft offers its users access to twenty fouseven customer service. The client service is mostly unreliable.inner
  1. Invest your disposable income. It's best to take a position only the money you'll afford to lose. We tend to advise our readers to begin with the minimum deposit, which is $250, and grow their capital over time.
  2. Study how auto trading works. Please use the demo trading feature to urge a higher understanding of how the live trading process works.
  3. Follow cryptocurrency market trends; you'll get crucial info regarding the cryptocurrency market by reading the news and following the market trends online.
four. Save your profit. We continually advise beginners to create the habit of withdrawing their earnings and saving.
five. Use client service. The customer support team is usually prepared to help, please avoid guessing and use the customer support system as typically as necessary.
These are tips from experienced cryptocurrency traders. You can begin your experience with auto trading platforms for cryptocurrency the right approach and begin earning by following the following tip
We have a tendency to encourage you to go to our bitcoin robot page to read concerning the opposite automated cryptocurrency trading platforms we have tested and reviewed.
While reading about cryptosoft on-line, we have a tendency to saw many claims concerning endorsements by celebrities such as Gordon Ramsay, Elon Musk, Peter Jones, and many others. Interestingly, we conjointly found claims that recommended cryptosoft has been analysed and supported by the hosts on well-liked TV shows such as The Shark Tank, The Dragon’s Den and also the Morning Show. We needed to confirm this data as a result of there were no indications of any celebrity endorsements on the official website. And we were right; these claims are all false and should be

cryptosoft has not been endorsed by any celebrities or TV shows. The false claims are posted online by affiliate marketers who are making an attempt to drive traffic to their sites.
Based on our experience with the cryptosoft auto trading platform, we tend to can ensure that each investor will become terribly rich with cryptosoft. The trading platform is legit and absolutely registered. cryptosoft is offered in over 150 countries, and thus several investors are earning as high as $one,500 every day. We tend to have tested the options of cryptosoft, and it works perfectly. We tend to made a profit during the live trading session and withdrew our earnings while not any problems. cryptosoft is accessible via the browser on a smartphone, laptop, or desktop pc. The positioning is secure and easy to use while not any specialised talent. We tend to advocate cryptosoft to everybody as a result of the auto trading platform has been designed with easy features that folks will use while not any formal traini
Yes, you'll, the trading robots do all the work, and every one you need to try to to is create a deposit. There are investors who build as abundant as $1,five hundred each day. There is therefore abundant money to create from the cryptocurrency market.
How long should I use the pc throughout a trading session?
You might pay 20 minutes or less every day, all you wish to try and do is activate a live trading session and stop the session with a click. You'll be able to stop the session when you are satisfied with the profit earned that day.
The traing robots work with an intelligent system and algorithm that lowers the potential market risks. This can be why traders are now using trading robots rather than manual trading ways.

https://preview.redd.it/ak75za10opf51.png?width=413&format=png&auto=webp&s=92ff97d839daeee576f2922883dbf661d951c381

https://preview.redd.it/0l8fu9bynpf51.jpg?width=1280&format=pjpg&auto=webp&s=44d4f2d62b93bf159fb6cfd1e3a03886a0d29f69
submitted by cryptoerapro to u/cryptoerapro [link] [comments]

GoatFish a bot framework for leveraged trading

So I wanted to get into algo-trading last year, more specifically in crypto, but I didn't want to simply spot buy and sell crypto assets, imo those markets lack liquidity, and liquidity is king
So I decided to build a bot for leveraged trading of Bitcoin. Long story short, I saw a gap in the market: no one had built a bot framework for leveraged trading in crypto.
So thats just what Ive been doing in my free time over the past year, and since it's almost done. I think now is the time for fellow enthusiast to take a look and rip it apart.
A bit of context, on what the tool does and is:
Background GoatFish is meant to be an infrastructure that allows you to dynamically run custom code in a vacuum (a docker container). while taking care of all the other elements of algotrading for you. All the streaming information from the exchange, all the order setting, backtesting, paperTrading.... is carried out an an application layer and the user doesn't have to worry about it.
Exchanges Currently it only supports Bitmex, but it is structured to be able to add any an all exchanges a user may want to add with very little effort(as long as its leveraged trading).
Strategies All you need to deploy a strategy is:
This information will then be used to keep track of all your positions all of your orders and automatically connect the strategy to the chosen exchange, and submit/cancel/ammend orders when necessary.
Additionally the bot functionality allows you to dynamically switch between actions. A bot can just as easily:
  1. livetrade
  2. papertrade
  3. backtest
  4. stop
Analytics The application provides real time analytics and scoring your strategies against each other.
Progress As it stand the application is a series of dockerised endpoints that communicate through kafka. They each all work together and individually to deploy and run strategies. How ever usage at the moment is limited o how knowledgable you are of the endpoints and their use, so I will be starting the development of a CLI with accompanying documentation to make it more accessible.
Im also very much aware the code is not perfect, but it does fairly well, a test strategy has been running a trade/min for the last 22 days with out any downtime. That being said I know it can be very much improved and welcome any and all suggestions.
Oh and ofc it's open sourced! Here you have the link: GoatFish
submitted by Lucasxhy to BitMEX [link] [comments]

Bitcoin Rush Review 2020

Bitcoin Rush Review 2020
If you're a crypto enthusiast or you trade actively within the cryptocurrency market, there are possibilities that you may have heard of Bitcoin Rush. It's a trading bot that claims to take traders’ average daily profit income to $150zero. Let us understand more concerning the bitcoin rush trading robot in this bitcoin rush review, thoroughly.

bitcoin rush review can cover virtually each information a trader needs to grasp before using this trading software, together with client service, deposit & withdrawals, and additional. Let us start!

bitcoin rush Review – Overview of Bitcoin Rush
What is that the Bitcoin Rush?
bitcoin rush is a Bitcoin trading software/trading platform for a trading robot built to bring ease and speed within the trading activities. bitcoin rush claims that an investor can earn an average profit of $150zero/day. If you last the internet and check its official web site, you will realize that the claim isn't an exaggeration. bitcoin rush review by nearly every investigator or analyst says that the claim is legit & the robot works well. However, one ought to not forget the danger involved in trading within the cryptocurrency market. Plus, the quantity of profit would additionally vary as per the experience of an investor.

Investors can build a minimum deposit of 250 (greenbacks) and begin trading (post-registration). It's forever suggested to start with a little quantity and increase the stakes as you get an idea of the market. bitcoin rush states that traders with a minimum deposit of $80zero will earn as high as $five hundred/day. Investors with a larger risk-taking capability and experience can deposit as abundant as $1k and can create $150zero/day. However, start little, for the relief, confidence, expertise the thrill of the sport & lose less. Master the broker you're using like bitcoin rush or any alternative trading robot.

Here is something you must apprehend about Bitcoin Rush:

It is vital to notice that bitcoin rush is a fully automated trading software. It means that anybody, who does not understand concerning trading technically can use it. Prior expertise in Bitcoin trading is not needed. However, trading is completed with a sole objective of earning more; hence, we tend to recommend investors to remain updated with the latest market happenings, analysis, carts, trends, etc. The additional updated you are, the higher trading selections you would take. Automated trading robots or trading software would be of nice facilitate when the market is most uncertain and volatility is high.

bitcoin rush Review – Features of Bitcoin Rush
Open Free Account
How does bitcoin rush Work?
What allows bitcoin rush to work as accurately as possible and assists you in claiming profits is its core style. The app leverages on trading knowledge received from multiple computer algorithms. These algorithms scrutinize Bitcoin markets, analyze every knowledge, combination and categorize the info to require out accurate details of the market trends. Humans are possible to lack in their ability to analyze vast knowledge from multiple markets within a restricted time. All of this is often done by bitcoin rush with lightning speed therefore that traders don't miss out on the opportunities..

bitcoin rush or alternative similar automated trading robots perform two types of research:

  1. Fundamental analysis involves analyzing qualitative knowledge such as news reports.

  1. Technical analysis takes care of quantitative like charts.

bitcoin rush algorithms bear each Bitcoin-connected data on the web and take trading selections accordingly. Call making and therefore the execution is completed by the trading platform itself. All the trader has to try and do is open and shut the trading sessions. Traders have to try and do these activities well.

bitcoin rush Review – How bitcoin rush Works?
Open Free Account
How to register with Bitcoin Rush?
It's straightforward and sleek to register yourself on Bitcoin Rush. The process is quick, secured, and seamless. The investor has got to register him/herself with the name, email address, and contact details. Though the software claims higher profits for investors on a median, it's always higher to start tiny and invest solely that a lot of that you'll be able to afford to lose.

One more factor regarding bitcoin rush that investors must recognize is, the trading platform does not serve folks from some countries. So, you need to check if you're allowed to use the platform.
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The account creation process of the bitcoin rush is almost like any different automated trading platform. Aspiring traders have to go to the official site, fill all the desired details like name, email address, and phone variety. The robot will not ask for unwanted, unrelated, extra data. Therefore, you can feel assured there! As most of the scam platforms tend to ask something additional than required. Plus, bitcoin rush is Secured with an SSL certificate, that suggests that your information and cash is safe here.

Once the registration is complete, the investor has to make a minimum deposit to the account. Deposit of 250 (dollars) greenbacks is needed to permit investors to start out trading. bitcoin rush accepts multiple payment ways for receiving deposits like Maestro/Visa/MasterCard, Skrill, Wire/bank Transfer, Bitcoin payment, etc. Once the deposit is made, the software takes some hours to replicate on your dashboard. There aren't any charges for this method. Withdrawals from bitcoin rush are equally seamless, and traders can request them anytime. Again the process can demand at least twenty four hours to get mirrored in your accou



Another unique feature of the robot is Demo trading. Post depositing the initial amount, and before venturing into actual trading activities, investors will try Demo trading. This feature should be leveraged by everybody (beginner or professional) because the demo will inform you concerning the trading and also the platform too. You will perceive how to leverage bitcoin rush to facilitate live trading and make better profits.

Though bitcoin rush is an automatic trading platform, demo trading will provide you a judgment of opening and shutting trading sessions.

Live trading

As it is automated trading software, all traders have to do is open and close the trades, and withdraw the profits when needed. Traders can not need additional than fifteen-twenty minutes to watch daily trade activities and trends (with the help of the bot). It is instructed to open trade at the start of the day and shut it by the top of the day.

Though the method is automated (it can save your efforts and burden), during the time of the volatile market, maintaining a tally of the trend and staying updated can add a heap to your profit.

Plus, if you've got earned a profit, withdraw it as soon as doable. Never ever invest every penny of your profit, have a most of the number in liquid type.

Is bitcoin rush Legit?
Nearly each bitcoin rush review on the internet agrees with the actual fact that bitcoin rush is a legitimate Bitcoin trading platform. Bitcoin Rush, since its introduction to the market in 2013, has been serving traders quite well. The trading platform trusted by investors. Google reviews and bitcoin rush reviews out there on the internet says that the trading software is straightforward to use, operate, and helps in earning profit.

bitcoin rush also claims to work consistently with an accuracy of ninety nine.5percent. Traders state that they can create a profit in virtually each market condition with Bitcoin Rush. However, the share/volume of profit might vary as per the expertise, trade order, and volatility.

As way as the fees and commission are involved, it does not charge for using the software. However, traders could should pay a little proportion as a commission on the profits created.


bitcoin rush platform has return up with a tremendous system in terms of payouts. Customers are charged with a small commission on profits in Bitcoin Rush. If the system does not earn cash, the platform users do not earn. And vis-à-vis. This is often very assuring, credible, and reliable.

The verification system of the bitcoin rush is sturdy and intact. It assures the traders that every one the profiles using the platform are valid and true. This can be important for Bitcoin Rush, too, as it saves the platform from unwanted breach attempts, overall adding to the market name. The verification system of the bitcoin rush is speedier

There are not any hidden charges that traders need to face while trading on Bitcoin Rush. Traders only should pay a minimal commission amount to the platform post every deposit created for trading and profit.


If you check the official bitcoin rush website, you will see some reviews of the important-life bitcoin rush users. These folks have left positive reviews about the trading platform. One of the reviews talks about how bitcoin rush helps the trader to retire early and live all her dreams.

Another review talks regarding how the trading platform helped the trader to earn higher than $120zero daily, and he no more worries about the bank balance.

Overall the picture looks promising from customers’ points of read.

https://preview.redd.it/uab575gl5te51.png?width=382&format=png&auto=webp&s=0d5d65c4acb3a581209cdcc69ddc2557af0f5b13
submitted by cryptoerapro to u/cryptoerapro [link] [comments]

GoatFish a bot framework for leveraged trading

So I wanted to get into algo-trading last year, more specifically in crypto, but I didn't want to simply spot buy and sell crypto assets, imo those markets lack liquidity, and liquidity is king
So I decided to build a bot for leveraged trading of Bitcoin. Long story short, I saw a gap in the market: no one had built a bot framework for leveraged trading in crypto.
So thats just what Ive been doing in my free time over the past year, and since it's almost done. I think now is the time for fellow enthusiast to take a look and rip it apart.
A bit of context, on what the tool does and is:
Background GoatFish is meant to be an infrastructure that allows you to dynamically run custom code in a vacuum (a docker container). while taking care of all the other elements of algotrading for you. All the streaming information from the exchange, all the order setting, backtesting, paperTrading.... is carried out an an application layer and the user doesn't have to worry about it.
Exchanges Currently it only supports Bitmex, but it is structured to be able to add any an all exchanges a user may want to add with very little effort(as long as its leveraged trading).
Strategies All you need to deploy a strategy is:
This information will then be used to keep track of all your positions all of your orders and automatically connect the strategy to the chosen exchange, and submit/cancel/ammend orders when necessary.
Additionally the bot functionality allows you to dynamically switch between actions. A bot can just as easily:
  1. livetrade
  2. papertrade
  3. backtest
  4. stop
Analytics The application provides real time analytics and scoring your strategies against each other.
Progress As it stand the application is a series of dockerised endpoints that communicate through kafka. They each all work together and individually to deploy and run strategies. How ever usage at the moment is limited o how knowledgable you are of the endpoints and their use, so I will be starting the development of a CLI with accompanying documentation to make it more accessible.
Im also very much aware the code is not perfect, but it does fairly well, a test strategy has been running a trade/min for the last 22 days with out any downtime. That being said I know it can be very much improved and welcome any and all suggestions.
Oh and ofc it's open sourced! Here you have the link: GoatFish
submitted by Lucasxhy to Daytrading [link] [comments]

ColossusXT Q2 2020 AMA Ends!

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

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

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

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

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

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

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

Building your own cryptocurrency trading bot using Python ... I Built a Bitcoin Trading Bot Here's how to use it! Best Automated Trading Bots For Crypto Currency (How To ... Tutorial: How to Build a Cyptocurrency Trading Bot For ... Building your own trading bot using MetaTrader 4 and MQL4 ...

With many people trading Bitcoin passively and therefore unable to dedicate large amounts of time to analyze the market, the intention is that Bitcoin bots will allow users to establish more efficient trading without having to keep on top of the market at all times. Types of Trading Bot Strategies GunBot is a well-fit trading terminal and cryptocurrency trading bot for those who want to automate their Bitcoin trading, with lifelong desktop software and license. Smart Trading Tools. Manual Trading Tools. Trading terminal with all major trading features. Supports both spot and margin trading. Automated Trading Tools How to Build a Simple Bitcoin Trading Bot, Part 1. Izak Fritz · June 27, 2018 at 7:00 am UTC · 5 min read. Izak Fritz Software Contractor @ Stably. Share this article Tweet Post Share Post Email. Algorithmic trading is the process of applying the same set of rules to make buy and sell orders in a market – it involves applying the scientific In part one of “How to Build a Simple Bitcoin Trading Bot,” we covered what algorithmic trading is and how to recognize and analyze market inefficiencies. In part two of this series, we will cover the six steps to developing an algorithm. This is a guest post by Izak Fritz, I'd like to experiment with bitcoin technology, crypto currency, and encryption. I thought the best way to accomplish that is building my very own bitcoin trading bot. It seems like a daunting task, but I think I can accomplish this in the following outlined steps: The bot has to be connected to a wallet.

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Building your own cryptocurrency trading bot using Python ...

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