Pay Attention to These 7 Bitcoin Scams - TheStreet
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XTRABYTES™
XTRABYTES™ goes beyond being a currency. It's a next-gen blockchain platform that allows DApps to be programmed in any language, utilizing a new and ecological consensus algorithm. Standard blockchain environments contain many centralization vulnerabilities, such as self-contained development, consensus methods, and coin monopolization. The XTRABYTES™ platform seeks to rectify these limitations by creating a truly decentralized crypto currency and applications platform.
Community Coin is a Proof-of-Stake cybercoin that was distributed free to ~500 people and immediately ground into top gear! Unlike a Proof-of-Work cyber, Community Coin can't be mined. It depends on the community to keep their wallets open to secure the network, and the Proof-of-Stake rewards compensate them for it. The links below will give the specs. Welcome to the Community!
Malware has long been the hallmark of many online scams. But with cryptocurrency, it poses an increased threat given the nature of the currency in and of itself. Recently, a tech support site called Bleeping Computer issued a warning about cryptocurrency-targeting malware in hopes of saving customers from sending cryptocoins via transactions, reported Yahoo Finance. "This type of malware, called CryptoCurrency Clipboard Hijackers, works by monitoring the Windows clipboard for cryptocurrency addresses, and if one is detected, will swap it out with an address that they control," wrote Lawrence Abrahams, computer forensics and creator of Bleeping Computer. The malware, CryptoCurrency Clipboard Hijackers (which reportedly manages 2.3 million bitcoin addresses) switches addresses used to transfer cryptocoin with ones the malware controls - thus transferring the coins to the scammers instead. And, according to Asia Times, even MacOS malware has been connected to malware scams involving cryptocurrency investors using trusted sites like Slack and Discord chats - coined "OSX.Dummy."
2. Fake Bitcoin Exchanges - BitKRX
Surely one of the easiest ways to scam investors is to pose as an affiliate branch of a respectable and legitimate organization. Well, that's exactly what scammers in the bitcoin field are doing. South Korean scam BitKRX presented itself as a place to exchange and trade bitcoin, but was ultimately fraudulent. The fake exchange took on part of the name of the real Korean Exchange (KRX), and scammed people out of their money by posing as a respectable and legitimate cryptocurrency exchange. BitKRX claimed to be a branch of the KRX, a creation of KOSDAQ, South Korean Futures Exchange, and South Korean Stock Exchange, according to Coin Telegraph. BitKRX used this faux-affiliation to ensnare people to use their system. The scam was exposed in 2017.
3. Ponzi Scheme - MiningMax
"Ponzi bitcoin scam" has got to be the worst combination of words imaginable for financial gurus. And, the reality is just as bad. Several organizations have scammed people out of millions with Ponzi schemes using bitcoins, including South Korean website MiningMax. The site, which was not registered with the U.S. Securities and Exchange Commission, promised to provide investors with daily ROI's in exchange for an original investment and commission from getting others to invest (basically, a Ponzi scheme). Apparently, the site was asking people to invest $3,200 for daily ROI's over two years, and a $200 referral commission for every personally recruited investor, reports claim. MiningMax's domain was privately registered in mid-2016, and had a binary compensation structure. The fraudulent crypto-currency scam was reported by affiliates, resulting in 14 arrests in Korea in December of 2017. Korea has long been a leader in technological developments - bitcoin is no exception. However, after recent controversy, it seems as though this is changing. "But a lot of governments are looking at this very carefully," Yoo Byung-joon, business administration professor at Seoul National University and co-author of the 2015 research paper "Is Bitcoin a Viable E-Business?: Empirical Analysis of the Digital Currency's Speculative Nature," told South China Morning Post in January. "Some are even considering putting their currencies on the blockchain system. The biggest challenge facing bitcoin now is the potential for misuse, but that's true of any new technology."
4. Fake Bitcoin Scam - My Big Coin
A classic (but no less dubious) scam involving bitcoin and cryptocurrency is simply, well, fake currency. One such arbiter of this faux bitcoin was My Big Coin. Essentially, the site sold fake bitcoin. Plain and simple. In early 2018, My Big Coin, a cryptocurrency scam that lured investors into sinking an alleged $6 million, was sued by the U.S. Commodity Futures Trading Commission, according to a CFTC case filed in late January. The CFTC case further details that the suit was due to "commodity fraud and misappropriation related to the ongoing solicitation of customers for a virtual currency known as My Big Coin (MBC)," further charging the scam with "misappropriating over $6 million from customers by, among other things, transferring customer funds into personal bank accounts, and using those funds for personal expenses and the purchase of luxury goods." Among other things, the site fraudulently claimed that the coin was being actively traded on several platforms, and even mislead investors by claiming it was also partnered with MasterCard, according to the CFTC case. Those sued included Randall Carter, Mark Gillespie and the My Big Coin Pay, Inc.
5. ICO Scam - Bitcoin Savings and Trust and Centra Tech
Still other scammers have used ICO's - initial coin offerings - to dupe users out of their money. Along with the rise in blockchain-backed companies, fake ICOs became popular as a way to back these new companies. However, given the unregulated nature of bitcoin itself, the door has been wide open for fraud. Most ICO frauds have taken place through getting investors to invest in or through fake ICO websites using faulty wallets, or by posing as real cryptocurrency-based companies. Notably, $32 million Centra Tech garnered celebrity support (most famously from DJ Khaled), but was exposed for ICO fraud back in April of 2018, according to Fortune. The company was sued for misleading investors and lying about products, among other fraudulent activities. The famous DJ wrote his support in a caption on Instagram back in 2017. "I just received my titanium centra debit card. The Centra Card & Centra Wallet app is the ultimate winner in Cryptocurrency debit cards powered by CTR tokens!" Khaled wrote. The U.S. Securities and Exchange Commission even issued a warning in 2017 about ICO scams and faux investment opportunities, brought on by a slew of celebrities who promoted certain ICOs (like Paris Hilton and Floyd Mayweather Jr. to name a few). "Any celebrity or other individual who promotes a virtual token or coin that is a security must disclose the nature, scope, and amount of compensation received in exchange for the promotion," the SEC wrote in an Investor Alert in 2017. "A failure to disclose this information is a violation of the anti-touting provisions of the federal securities laws." Another example is Bitcoin Savings and Trust, which was fined $40.7 million in 2014 by the SEC for creating fake investments and using a Ponzi scheme to scam investors. According to Coin Telegraph, Trenton Shavers, the organization's leader, allegedly scammed investors into giving him 720,000 bitcoins promising a 7% weekly interest on investments - which he then used to pay back old investors and even fill his personal bank accounts.
6. Bitcoin Gold Scam - mybtgwallet.com
Nothing catches the eye of the naïve quite like the promise of gold - bitcoin gold, of course. That is exactly what mybtgwallet.com did to unsuspecting bitcoin investors. According to CNN, the bitcoin gold (BTG) wallet duped investors out of $3.2 million in 2017 by promising to allow them to claim their bitcoin gold. The website allegedly used links on a legitimate website (Bitcoin Gold) to get investors to share their private keys or seeds with the scam, as this old screenshot from the website shows. Before the scam was done, the website managers (slash scammers) was able to get their hands on $107,000 worth of bitcoin gold, $72,000 of litecoin, $30,000 of ethereum, and $3 million of bitcoin, according to CNN. Bitcoin Gold, the site's wallet used in the scam, began investigating shortly after, but the site remains controversial. Still, firm released a warning to bitcoin investors. "It's worth reminding everyone that it will never be truly safe to enter your private key or mnemonic phrase for a pre-existing wallet into any online website," Bitcoin Gold wrote. "When you want to sweep new coins from a pre-fork wallet address, best practice is the same as after other forks: Send your old coins to a new wallet first, before you expose the private keys of the original wallet. Following this basic rule of private key management greatly reduces your risk of theft."
7. Pump and Dump Scam
While this type of scam is certainly not relegated to just bitcoin (thank you for the education, "The Wolf of Wall Street"), a pump-and-dump scam is especially dangerous in the internet space. The basic idea is that investors hype up (or "pump up") a certain bitcoin - that is usually an alternative coin that is very cheap but high risk - via investor's websites, blogs, or even Reddit, according to The Daily Dot. Once the scammers pump up a certain bitcoin enough, skyrocketing its value, they cash out and "dump" their bitcoin onto the naïve investors who bought into the bitcoin thinking it was the next big thing. Bittrex, a popular bitcoin exchange site, released a set of guidelines to avoid bitcoin pump-and-dump scams. While "stackin' penny stocks" may sound like an appealing way to earn an extra buck (thanks to its glamorization by Jordan Belfort), messing in bitcoin scams is nothing to smirk at.
How to Avoid Bitcoin Scams
With the inevitable rise of bitcoin in current and coming years, it is becoming increasingly important to understand and be on the lookout for bitcoin scams that could cost you thousands. As more people become interested in Bitcoin, more people are also likely to try and pull off a scam. There is no one formula to avoiding being scammed, but reading up on the latest bitcoin red flags, keeping information private, and double checking sources before investing in anything are good standard procedures that may help save you from being duped. Cryptocurrency can be a confusing topic even for the experienced Bitcoin enthusiast, so the more you read up on the world of Bitcoin, the more prepared you can be. After all, knowledge is power.
Is Bisq legitimate and safe to use? My anti-virus says it's a no-go...
I just downloaded the desktop app after hearing great things about this platform, and Webroot immediately flagged the installation as a W32.Trojan.Gen, which may just be a false positive but I can't stress enough how much I don't like seeing that. The file was downloaded directly from their official website and I verified the PGP signature before installation, so I'm not sure how I want to proceed. Their github page mentions that there are some known issues with anti-virus software with version 1.1.5 (current version is 1.1.7), and then goes on to state: " If you use Crypto currencies on your Windows system be aware that Windows is much more vulnerable to malware than Linux or OSX. Consider to use a dedicated non-Windows system when dealing with cryptocurrencies." That's a hell of a thing to say to someone who's a Windows user, and while I'm well aware of the concern over fake wallets that contain malware or otherwise modified code and thus the need to verify PGP signatures of the installation files before sending any money to them, is there much concern beyond that? Is Windows truly not safe for crypto trading? I'm not a total noob when it comes to computers but I'm not exactly Mr. Robot either, and I really don't want to have to learn Linux and run it on a virtual machine to be able to do this...
The LPC Management Team is dedicated to driving positive change and offering safer, faster and inexpensive financial products and services to people worldwide. We carefully monitor the industry and comply with all regulations, thus fulfilling our commitment to shareholders for transparency, compliance and business excellence. In line with our vision to create a mass market for LPC, we aim to ensure global usage for the coin. LPC is the best cryptocurrency for merchants - easy to use and with a blockchain running every minute! Specs Profit diagram https://preview.redd.it/e4su1xpjqk811.jpg?width=970&format=pjpg&auto=webp&s=495e4f53317fa4d790ec7e6120f3436856b45516
There is a huge surge in devices attached to the internet, known as the Internet of Things, and it is estimated that over 80 Billion devices will be connected to the internet by 2025, from industrial machines to devices in our home. The constant hacking and cyber attacks have increased not only the demand but the necessity of secure solutions. Our privacy and digital footprint are at risk. [b]Some examples where encryption plays a role: [b]Secure messaging - To make messages truly secure we need a process whereby a cryptography can be applied to encrypt transaction. [b]Secure calling - Secure calling is a process whereby the caller and the recipient of the call are identified and linked via a blockchain enabled cryptocurrency transfer, again creating public and private encryption keys making the call truly private. [b]Secure media storage - To safely and securely store media a process is required where 1.) Access to the media is encrypted via public and private keys of the person wanting to store the media. 2.) The media itself needs to be encrypted with a set of encryption keys and 3.) Media storage costs need to be paid via cryptocurrency [b]Secure browsing - To browse the internet securely we need to create a process of verification whereby nodes on the blockchain can verify websites as “safe”. Furthermore, the entire process needs to be encrypted as well. [b]Verification - This is one of the most important uses of a blockchain, we can verify websites as in the example above but also various other things such as identity, title and ownership, date stamps and source of products as with the verification of the source of agricultural or other products. These are just a few examples. All of this data needs to be encrypted as well. [b]“Smart home” security - Wi-Fi is often used for remote monitoring and control. Home devices, when remotely monitored and controlled via the Internet, are an important constituent of the Internet of Things - all needing encryption, otherwise, hackers paradise. [b]EOT in the future - The examples we mentioned above are only “scratching the surface” of where these technologies are applicable and who knows what will be invented in future. Google, Apple and Uber are all testing cars that drive themselves. A major issue with this technology is again the security aspect and the need to protect against hacking and who want’s to get into a spaceship to Mars that might be hacked or hijacked by ransomware? So the future for the [b]“Encryption of Things” – EOT, looks very interesting indeed and the role of crypto currencies in this will be major. Read the full white paper here - http://eottoken.com/index.php/whitepape The first device using EOT Coin is the BitVault®[/b] - the World's first crypto communicator and blockchain phone. The BitVault is a revolutionary new product that is built around security and privacy enabled through Blockchain technology. Biometric Security enabled through fingerprint and iris scan. Iris patterns are unique to you and are virtually impossible to replicate. This means that iris authentication is one of the safest ways to keep your BitVault locked and the contents private. Proven Biometric technology brings a whole new level of security to your crypto currency and blockchain transactions. Creating Military grade security for your device through third party independent Multilayer security. September 2017 – Swiss Bank in Your Pocket integrates EOT Wallet(Achived) October 2017 – BitVault®, the world’s first blockchain phone launches in London with integration of EOT for secure calling, secure messaging and secure browsing (First batch shipped) November 2017 – BitVault® Global App Store launches for developers to develop their own applications (Achived) November 2017 – Website EOT Payment Gateway for WordPress and WooCommerce (ACHIVED) December 2017 – Cryptodoc stores all your documents securely and encrypted on your PC December 2017 – Password Wallet stores all your passwords for applications and websites encrypted on your PC January 2018 – Smart Router for secure, encrypted internet which is direct, safe and easy January 2018 – EOT Camera, an Encryption of Things connected camera February 2018 – EOT Development Kit for hardware devices EOT payment gateway live on swissbankinyourpocket.com, Now you can buy SBIYP and BitVault using EOT coins More on the BitVault here:- https://swissbankinyourpocket.com/bitvault/]https://swissbankinyourpocket.com/bitvault/https://swissbankinyourpocket.com/bitvault-apps/]https://swissbankinyourpocket.com/bitvault-apps/https://bitcointalk.org/index.php?topic=2152534.0]https://bitcointalk.org/index.php?topic=2152534.0 JOIN US ON REDDIT : http://www.reddit.com/EncryptionOfThings]www.reddit.com/EncryptionOfThings JOIN US ON SLACK : [url=https://join.slack.com/t/eot-coin/shared_invite/enQtMjc3NzkxNzY5NzQ0LTFjMWI5NTJjOGEzYjU5ZDk0ZjRjZWE3MzBkNmI0MmQ2NTUzMTBkOGQ1YmEyNTllMmNiYzA3MGZjOGVmY2IyZGU The EOT Token is trading on the Waves Platform, TOKENS are 1:1 image of EOT coins, EOT coins can be converted to tokens and vice versa using gateway service in SBIYP hardware wallet. if you do not have that hardware wallet, you can contact members on slack who have purchased SBIYP to do that swap for you. TOKEN DETAILS Name : EOT Token (Verified) Identifier : GdnNbe6E3txF63gv3rxhpfxytTJtG7ZYyHAvWWrrEbK5 Total supply : 100,000,000 EOT token (EOT) markets added on the Tidex Exchange https://tidex.com/exchange/eot/btchttps://tidex.com/exchange/eot/waves EOT Coin details (currently minable) https://github.com/EmbeddedDownloads/EOTCoin windows wallet[/b] https://github.com/EmbeddedDownloads/EOTCoin/releases/download/v1.0.0.1/EOTCoin-win.exe windows Desktop wallet[/b] https://github.com/EmbeddedDownloads/EOT-Coin-Windows-Desktop-Wallet/releases/download/1.0/EOTCoinDesktopWallet1-0.zip MAC Wallet [/b] https://github.com/EmbeddedDownloads/EOTCoin/releases/download/v1.0.0.1/EOTCOIN-Qt-OSX-v1001.dmg WEB wallet [/b] http://eot.digital (Closing, please withdraw your coins) ANDROID wallet [/b] https://github.com/EmbeddedDownloads/EOTAndroidWallet/releases Block Explorer [/b] http://www.eot.digital:3622/ Block Explorer 2 [/b] http://www.eotcoin.info (created by [b]@Luanptit[/b]) [Block reward [/b] 100 Coins, [b] ALGORITHM [/b] SCRYPT, [b] BLOCK TIME [/b] 90 seconds MINING POOLS Official mining pool [/b] http://www.eot.digital:3001/ Getting Started [/b] minerd -a scrypt -o stratum+tcp://www.eot.digital:3256 -u WalletAddressWhereYouWantYourMiningCoins -p 1 unofficial Mining pools http://www.altminer.net http://antminepool.com http://coinminers.net/ http://www.vivocryptopool.com [red]Currently EOT is traded on WAVES DEX, Crypto-Bridge DEX and TIDEX. Big exchanges will be available soon, exchanges are in comkmunication. Opportunities are available with EOT - from Development, Mining, Trading as well as other business opportunities built around the EOT currency and the "Encryption of Things" [size=34px]Bitvault on Yahoo Finance https://finance.yahoo.com/news/bitvault-worlds-first-blockchain-phone-201600279.html [/size] [center][img width=770]https://i.imgur.com/UMIlRoC.png[/img][/center] [center][size=30px]Press release 4th October 2017 [/size] [size=30px]yahoo Finance https://finance.yahoo.com/news/bitvault-announces-london-launch-161000826.html?soc_src=community&soc_trk=tw [img]https://i.imgur.com/mBDZnN7.png[/img] Some Helpful Information [quote author=Story777 link=topic=2091616.msg21890405#msg21890405 date=1505551168] You have been keeping a great secret. I've been doing a bit of research with the technology behind this coin. It looks like ALOT of research has gone into this tech, since about 2004 and shortly after a patent for this P2P system was quickly issued. Bitvault (https://swissbankinyourpocket.com/product/bitvault/) who are using the worlds first blockchain phone as a secure communication device and ultimately taking [font=Verdana][b]encryption[/b][/font] to the Internet Of Things (IoT) keeping our personal and business data secure. All this is done using [b]EOT coin [/b](Encryption of Things). In todays world insecure devices are rampant. Here are a couple of links about the CIA being able to use insecure devices to 'cause accidents' http://www.sandiegouniontribune.com/news/cyber-life/sd-me-wikileaks-cia-20170307-story.html and https://www.washingtonpost.com/news/innovations/wp/2017/03/08/what-we-know-about-car-hacking-the-cia-and-those-wikileaks-claims/ It's scary to think a legal entity could posses such power over life. Just the mere fact alone the governing authority can request phone records (e.g. txt msgs, voice msgs or eavesdropping) proves most if not all telecommunication companies do not encrypt, otherwise whats the point on requesting the information!? (legal or not). Commercially sensitive information needs to be protected and most importantly in my opinion our [font=Verdana][b]rights[/b][/font] and the privacy of all citizens of the human race need to be protected. From my understanding BitVault is a platform for reference data. This would be data that is stored for compliance reasons such as e-mails, invoicing systems and check imaging (e.g. high quality imaging for x-rays, MRI scans etc) and a prototype was developed in 2004. This would means massive amount of data storage is required with fail-safe systems so a authorised user could access this information very very quickly. Three goals were needed to be achieved: Low cost, high reliability/availability and simplicity. This is the birth of Bitvault via EOT. Bitvault ultimately stores immutable objects with each new version being updated and identified with a 160-bit key. System stability is very important and must be immune to failure sequences. Parallel repair via indexing is one of the many strengths Bitvault has been able to demonstrate. BitVault is a back-end system that uses [u][b]Applications[/b][/u] to catalog object ID's. Using a catalog utility and indexing within an application prevented scalability bottlenecking under heavy loads. Fast forward 3 years to 2007 a very important decision was to [u][b]decentralise[/b][/u] BitVaults system. This in my opinion is one of the fundamental principles of cryptocurrency - [u][b]No one entity or person has any control of the data stored and only the authorised user can access this info[/b][/u]. Ultimate Security and thus personal safety (see above articles CIA hacks). BitVault using applications have been able to use provable communication and data storage with ease of retrieval with vital security measures. BitVault is not alone in researching solutions for security for the IoT, such as Venti and the like are making progress, however, BitVault is 'head and shoulders' above the few competitors and are already offering practical working solutions on the market with huge scalability that is cost effective. Well Done BitVault, well done EOT your secret is out and let the world embrace. author=Story777 link=topic=2091616.msg21462424#msg21462424 date=1504428317] I have had a response in Slack and it has satisfied my questions. Thank-you. For everyone information here it is: The currency was created with 200 Million EOT total supply on 7 July 2017 [ we showed it to the community a London Fintech week with the demonstration of the BitVault - fintechweek.com ] 100 Million was pre-mined and another 100 Million are currently being mined, 1 block every 90 seconds @ 100 coins per block. So the pre-mined coins were listed on waves as a token so that it can create a market for the coins while we are working to get listed on other exchanges. The 100 Million coins listed were distributed in several ways. Firstly, this was not an ICO because our business is already funded via private capital. We wanted to get the currency distributed a widely as possible. So most of the initial coins were given away to a number of interested parties. We distributed this to our whole development team, business partners, employees as well as to the waves and other communities. So we did not sell all these coins for the current price, most of it was given away for free to people that have an interest in our products and business. The price now is formed by whoever owns these coins. The tokens on the exchange is really a representation of the currency and as such has value because it can be interchanged, just like Bitcoin and Ethereum are on the waves exchange. This whole process is explained on page 4 of the waves whitepaper, I think they call it an asset-to-asset exchange which makes it possible to list any asset that exist on waves. Unfortunately waves only has gateways currently for Bitcoin, Ethereum, Waves, Euro and USD, so we have to develop our own gateway, which will be available on Nov 1. So to clarify 100,000,000 tokens costing $190M were not sold. It is a combination of airdrops, private sales and sales on the exchange. Some EOT coins are needed because: "A lot of EOT will be distributed through our devices. For example our encrypted routers are pre-loaded with EOT, so we need that stock and it will be distributed that way". And with the response to tokens on the Waves Exchange "This is how Bitcoin works on waves: - They created 21 Million BTC Tokens.. When you deposit Bitcoin into waves account, you receive an equal amount of tokens which you can either trade or even sent via the waves blockchain to another user.. Once you withdraw your tokens are exchanged for BTC and you receive it back into your BTC wallet.. Exactly the same for USD or EUR - You don't send Euro's to another client on waves if you transfer - you send a token that represents EUR -- This works exactly the w0083". These are the answers I was looking for and make a lot of sense now. This is indeed an exciting project. :) It's time to trade.... Now I have one question left.... Is there anyone using NiceHash to mine this coin?? I keep being disconnected because of the difficulty being too low. Can any one help? [quote author=Shews link=topic=2091616.msg22876983#msg22876983 date=1507755312] EOT (coin) is now tradable on the CryptoBridge Decentralised Exchange, you can sign up below. Please note this is for the EOT COIN ONLY, do not send tokens to this dex. This is a secure means to trade with the backend being on a blockchain. It is still in beta stage but has been working flawlessly so far. If you'd like more info I will post their website link is below. https://wallet.crypto-bridge.org/?r=388691 You can sign up with a local wallet mode, meaning you are the only one with access to your keys, this is most secure. There is also the option to sign up with and account if you require access to you funds on the go. More info: https://crypto-bridge.org/
NASGO has built up the least difficult solution for organizations to make a port into the blockchain stage . With the NASGO Wallet which is simple and smooth to use. NASGO gives every one of the devices that a client needs to propel your business without perspiring his ledger. NASGO has made it feasible for clients to quickly dispatch their application and database. NASGO has given the arrangement of the system encryption, sidechain, and numerous APIs that engineers can proficiently and advantageously tap assets from. With the NASGO decentralized systems, boundless undertakings are made practical so as to effectively assume responsibility for worldwide internet business with trusted blockchain innovation. NASGO's vision is to upgrade progressive blockchain adjustment by giving little and medium-sized networks and organizations that are completely decentralized biological systems where engineers and non-specialized people can deal with their very own decentralized budgetary environments as sidechains. The mission of NASGO is to change the system of NASGO into a solid environment that empowers the advancement of DApps, cryptographic resources, and exceptional, simple and safe sidechains. Nasgo Blockchain Network For Crypto Payments Features
Dapps Store
The Dapps store by NASGO will provide small and medium enterprises with unmatched access to a huge database of customers in a decentralized way. The NASGO Dapps are applications that are based on the blockchain platform. The Dapps work on their custom sidechain, which makes it easy for developers to make decentralized applications that utilize NSG as an internal currency or token. Each Dapp has a unique private sidechain of its own that operates in synchronization with the NASGO current block height and block time.
Custom Assets
NASGO can provide a client that is simple to use. This enables you to issue a blockchain asset without necessarily having to write a code. As a user on the NASGO platform, you can trade these assets with the NASGO tokens, which are able to move from the sidechain in a decentralized manner. It is also possible to trade them with other currencies in a centralized exchange.
Pegged Side Chain
The NASGO system can provide a development tool where the developers can create a basic sidechain system easily. The developers also can fully customize their side chain systems, which include their consensus algorithms, account architecture, and trading mode. Nasgo Benefits
Easy To Use
The NASGO system provides a great user experience, which comes due to the one-click client and in-built Dapp store. There are also various clients for the many platforms available including Linux, windows, IOS Android and Mac OSX. It’s a collaboration between Chinese and Americans. NASGO is also a Chinese and American collaboration that have come together to develop a system that is decentralized and that which the government is not able to control.
No Code When Creating Dapps
When creating Dapps, you will not be required to have any programming knowledge since you will not be required to write even a single line of code.
Payment Gateways
With NASGO, you can be able to create payment gateways that are applicable in any part of the world.
Ability To Sell Or Rent Dapps
If you are the one who has created a Dapp and another NASGO user develops an interest in the Dapp, then you can rent or sell it to get NASGO tokens. A key element of the NASGO application stage is a consistent UI that enables you to convey and oversee dispersed applications in a single spot. NASGO gives another condition and private venture to make a DApp dependent on its square chain (side chain). DApp Store NASGO will furnish SMEs with unparalleled access to a huge number of clients. Project Name: NASGO Description: Blockchain Assets & DApp Platform Stage : MainNet Launched Standalone Client: Yes Open Source : Yes Initial Supply: 101,000,000 NSG Symbol : NSG Consensus Algorithm: DPOS , PBFT Algorithm: SHA256, ED25519 Block Time: 10 Sec Block Size: 10 MB For more details please visit: https://nasgo.com/ Whitepaper : https://nasgo.com/whitepapeNasgo_ Bounty0x Username: hashin
Tokenization For Entrepreneurs: NASGO Wants To Be The Godaddy Of Blockchain
What Is Nasgo?
The NASGO is a platform has decentralized networks that make it ideal for opening up several opportunities to conduct e-commerce with the global technology blockchain. It is immune to a single point of failure. The platform connects publishers and developers to a community of global client, whose source of joy comes from solutions that are simple and easy to use. NASGO provides the important foundation to sidechain with many types of APIs, which include database writing, encryption, and network communications. The sidechain can supply more nodes to make the whole NASGO system stronger. The developers can use the already nodes as long as the owners of the nodes give them permission to use the nodes The NSG, which is the main currency of the NASGO mainchain, is transferable to the sidechain. The development of Bitcoin made it possible to use a decentralized system of currency. After many years of developing, it became clear that the blockchain technology could be used in all fields.
Nasgo Blockchain Network For Crypto Payments Features
Dapps Store
The Dapps store by NASGO will provide small and medium enterprises with unmatched access to a huge database of customers in a decentralized way. The NASGO Dapps are applications that are based on the blockchain platform. The Dapps work on their custom sidechain, which makes it easy for developers to make decentralized applications that utilize NSG as an internal currency or token. Each Dapp has a unique private sidechain of its own that operates in synchronization with the NASGO current block height and block time.
Custom Assets
NASGO can provide a client that is simple to use. This enables you to issue a blockchain asset without necessarily having to write a code. As a user on the NASGO platform, you can trade these assets with the NASGO tokens, which are able to move from the sidechain in a decentralized manner. It is also possible to trade them with other currencies in a centralized exchange.
Pegged Side Chain
The NASGO system can provide a development tool where the developers can create a basic sidechain system easily. The developers also can fully customize their side chain systems, which include their consensus algorithms, account architecture, and trading mode.
Nasgo Benefits
Easy To Use
The NASGO system provides a great user experience, which comes due to the one-click client and in-built Dapp store. There are also various clients for the many platforms available including Linux, windows, IOS Android and Mac OSX. It’s a collaboration between Chinese and Americans NASGO is also a Chinese and American collaboration that have come together to develop a system that is decentralized and that which the government is not able to control.
No Code When Creating Dapps
When creating Dapps, you will not be required to have any programming knowledge since you will not be required to write even a single line of code.
Payment Gateways
With NASGO, you can be able to create payment gateways that are applicable in any part of the world.
Ability To Sell Or Rent Dapps
If you are the one who has created a Dapp and another NASGO user develops an interest in the Dapp, then you can rent or sell it to get NASGO tokens. As always we recommend you do your homework before investing in any company. Due to some reviews we've seen we advise extreme caution. Bounty0x ID: chemist32
I've compiled all the questions and answers from today's AMA. Every Monday the Quant team meets live with the 6000+ community in the QNT Telegram Group to conduct a weekly AMA (Ask Me Anything) session. Here’s the summary. Q: Was there any reason why the team chose to create a ‘decentralized Amazon’ to show off the progress with connectors? It caused big interest. Thanks. A: You know, I only expected a "hello world" MApp from the team to show cross-chain interoperability. They blew me away and created a truely decentralised Amazon that operates across 3 blockchains. Very proud! Q: Does qnt offer any additional security against ddos viruses, mallware or any other cybehacking threats? A: Yes, this is built in, coming from our Cybersecurity background. We're creating new Security infastructure in the space of Identity, Firewall, DPI and IPS that sits on top of Overledger, giving additional security controls to use blockchains which doesn't exist today. Q: What exactly is the patent about and what does this imply (if granted) for other blockchain interoperability projects like aion, wan and icx? A: The Patent was filed on 1st December as an EU Patent. It covers how we're doing ordering and filtering to protect the inner core of Overledger. It should be granted around the end of 2019. It just means other projects can not use our method and approach to have interoperabilty. Q: Question from my side, Recently this twitter account released a press release of a partner ship with Quant Network. Could you elaborate on that ? https://twitter.com/AtlanticPowerX/status/1049179316754366464 A: We're building a new upstream Power Exchange. Allowing for closed P2P Power networks (like powerledger) to cross-exchange on a new Power Exchange with all the other P2P Power networks. Q: Does the team have an update on the Zapier integration concept? Might we see Overledger working with 1000s of Apps one day via Zapier? A: This is exciting for us. We're integrating Overledger with Zapier. This will allow us to bridge the thousands of internet applications to blockchain, through Overledger. Huge potential! -Followup Q: Wow this is Massive! So Enterprises will be able to connect the data from their Apps (Excel, CRMs, ERPs)into Overledger - as well as cross connect blockchains? Correct? A: Yes exactly. It's a leap into our 3rd phase of our strategy to connect the internet to blockchain. We cando this today rather than waiting 2-3 years! Every single Internet application can integrate withblockchain through Overledger. Quite groundbreaking Q: Have you looked at connecting machine learning + AI blockchain consensus' like neurochain for increased diversity of overledger A: Yes we're big fans of AI and have mentioned quite a few projects. We're in the final stages of announcing a partnership or JV with AI Nexus to create decentralised intelligence. Q: Your post regarding the decentralized “Amazon” where you show a pic of XRP, ETH and BTC payments is pretty awesome, although why couldn’t you show the community some better proof like at least a video and even better - some proof on the blockchains? A: We will be sharing some live demos over the next few weeks and a more detailed one during our Nov 20 Quant X event for developers. As Gilbert, mentioned, the MApp that the team shared blew us away and we wanted to share it real time. We will also be sharing demos for devs/chief architects etc on the Quant Dev Portal. Q: Latoken listing was a mistake, there is zero activity on it. Would you consider this a fail? A: Then you can use IDEX? Don't know what everyone wants, we've just started to list on exchanges, another 2-3 in the works. If you're not happy, sorry. We're not going to do everything for everyone. We have a set focus and vision to achieve. Q: How many devs are currently working on the project and are you planning on expanding your team?I have seen only 5 people contributing on the Github and not sure if they have some real previous blockchain experience (I’m not exactly a programmer myself so perhaps I missed something) A: We have done profiles of our team and their experiene with DLT on Medium as well as on our website - all quite experieced as you can see from their outputs. Rui and Alex's profile on Medium to be posted over the next two weeks. -Followup Q: I know, but perhaps the team needs to be a little bigger, not sure if 5 devs are enough for this. Butafterall, maybe it is if the companies will use the SDK themselves A: Thanks for the suggestion, but we're a good size and have the right capable and experienced team.Adding another 20 people to the team now isn't going to achieve anything. Q: Where is the software hosted? i.e. my desktop computer's OS is on its hard drive, so where is the Overledger? Is it cloud-based like AWS/Azure, and if so who hosts the servers and where? A: Good questions. It comes down to the developers. You can create MApps as a Webapp or Cloud, on an OS (Win/OSX/Linux) or Mobile (iOS/Android). Q: Besides GoVerify Mapp, are there any other Mapps being developed by Quant that are interesting for financial institutions? A: Yes, we have a few. A Cross-Trade Finance MApp to allow multiple supply chains using different systems and blockchains to talk to each other. Also are creating a cross-blockchain AML Compliance tool for Regulators and Financial Institutions. One thing to note here on this one - we are also building our MApps to utilize the QNT token. That is the beauty of having multi-purpose utility token versus a security token because you can add mutliple functions. We will reveal more over the coming months as we finalize the tech (somethings are senstive or competitive intelligence that we can't share) but this is something worth noting now because it doesn't begin and end with just the fee structures for Overledger. Q: Whats the next connector after quorum? Was the quorum one mentioned before, any reason for that connector? A: We want to work on the technology that our clients use the most. Q: Does quant have control over APIs or can developers design their own because platform risk might be a concern. A: Yes of course we control the APIs. We call them BPI (Blockchain Programming Interface). Q: Token function - So assuming that the token is somewhat like a license for using the service, how much tokens would a company need in order to make for instance 1000 transactions from XRP to ETH per day? Would they need just 1 token or would it be scaled according to the usage somehow? A: That's what we're working out currently, now that the SDK is out. We have team of internal and external technical, lawyers and economists on this. It's a new model that really hasn't been done before. What we know is that we will have a flexible pricing approach for MApps for developers to set the price/usage regarding tokens and volume. Q: any idea when the US Bank/financial institution will be announced in october? A: still in the works, we'll announce when we can. Q: what do you hope to achieve from the QauntX event on Nov 20th? 2. Also, will you be capturing all the juicy content (photos, video, audio) for posting/sharing? Great opportunity for videos and images for marketing etc. A: Absolutely will have it all captured on video as well as plenty of photos. The event is targeted predominantly to devs/architects and CIOs and to so we can provide live demos of the technology and show what is possible/answer questions. We also expect to use this as an opportunity to invite some of our clients so they can betterunderstand the tech and what is possible. Q: In layman's terms where does QNT sit in the technology stack It's not it's own chain so how does it interact with chains , it's an operating system but where does it operate?" - Is there a quick way to help tech newbies understand how Overledger operates? A: Think of it as running distributed across Cloud providers and then blockchains to provide the API gateways to blockchains. Q: Is there a plan to actually market quant in the future as a license to take advantage of an ecosystem during the campaign A: We're working on our marketing approach which is more directed to Enterprises. We're covering all the channels to use the best possible segment and reach. Here's some of areas we're looking into. From the release of the SDK, we've ramped this up and you'll be seeing a lot more on Quant, especially if you work in corporates:Targeting BlogsPublicityUnconventional PRSearch Engine Marketing (SEM)Social and Display AdsOffline AdsSearch Engine Optimization (SEO)Content MarketingEmail MarketingViral MarketingEngineering as MarketingBusiness Development (BD)SalesAffiliate ProgramsExisting PlatformsTrade ShowsOffline EventsSpeaking EngagementsCommunity Building Q: Not really a question, but it'd be cool if you discuss the possibility of joining SAP partner edge, so many applications that quant can provide to those members. Ofc it's already cool that you're already in talks with a US bank A: Thank you for the suggest. We can integrate easily to SAP or other ERP systems. We'll start looking in to it Q: Can you also consider a “Connect IT with Quant” icon - bit like “Intel Inside”. This signifies that the app, MApp or blockchain can be connected via Quant (Overledger) etc. the icon can also be a link to the official integration page - hosted on your site - indicating it’s an official product/partner. The “IT” part is a play on words that IT folks will get. A: Thank you Robin, like it! We've been playing around "Powered by Overledger" something like the "Intel Inside" tag line. Will come out with something catchy and effective Q: Can overledger implement/integrate a privacy layer using something like TEE/MPC to protect sensitive/confidential data? A: We already have that with TrustTag. It allows you to set privacy fields to tokenise data you don't want others to see Q: A community member posted an article with a strong interopability focus: https://www.coindesk.com/ethereum-enterprise-alliance-hyperledger-blockchain-consortiums-join-forces/ Perhaps you guys could take a look and use it as an oppurtunity to gain some traction/awareness? A: Thanks Luke. We've already connected Hyperledger and Ethereum to Overledger. We know the EEA/IBM teams and can discuss in more detail. Q: will the team be releasing a ‘blockchain’ that can be used as a ‘test’ and/or ‘starter’ blockchain for Enterprises. Obviously it can be connected to others via Overledger later - but I see two Enterprise use cases: 1. Test bed easily scratched and reset; 2. Simple ledger for immutable storage - especially when Zapier allows Excel data to flow. A: That's exactly the use case the new blockchain will solve. An appropriate enterprise-geared blockchain that provides better distributed storage for large amounts of data. It's a gap in the market the current generation of blockchains are solving or are not fit for purpose. One problem we have is we can't agree what to name it. Love to hear some suggestions Q: Did you speak to any interested enterprises during the london fraud conference about GoVerify? A: Yes, quite a few including Government. Following up with them this week. Q: Is Dr John Lambert still an advisor for Quant Health? I noticed he recently moved to DXC and was wondering if this impacts his advisory role? A: Yes he's still an advisor. We're looking to work closer with DXC on a couple of engagements in the UK and in Australia. Q: Have you considered doing interviews with youtube crypto influencers/shillers. (paraphrased) A: from my perspective we like to speak with credible influencers in the crypto space who don't operate under a 'cash for comments' fee structure which is why we are big fans of Brad. Some of the practices in the crypto space are not 'necessary evils' but highly unethical. Even the ones who claim 'never accept money for interviews' operate under undisclosed 'advisory' roles where they ask for extortianate rates in tokens. Also, over the last 10months Gilbert and Quant have been featured in New York Times, New Scientist Magazine, Politico, USNews, and even had an op ed published on Fox (which wasn't our target but it has massive reach so it doesn't hurt) plus behind the scenes he has done an amazing job of doing 1:1 briefings with the most senior staff members from Washington Post, CNN, msnbc, bloomberg and even did an interview for Al Gore's Climate Change Newsletter etc. i don't know if you all appreciate, how significant this is because most established companies take years to set up relationships and get in front of these types of reporters and they all know Gilbert now and if they want to write articles blockchain and need quotes and backgrounder info exactly they come to us. Thanks for reading!
As per usual the 3 months has been all hand-on-deck, helping to bring further adoption utilities to Groestlcoin. The markets have been red but as always that doesn't stop the show from going on with regards to the development since the last release update on 24th September. Here's a recap of what has happened so far:
Recap:
Groestlcoin was added to Changelly. One of the leading Crypto-to-Crypto exchanges that offer some of the best rates on the market – You can also buy with a debit/credit card too and you can buy/sell Groestlcoin directly from your Coinomi wallet, from the website https://groestlcoin.org#exchanges, and you can enable Changelly swaps on your GRSPay stores!
Groestlcoin was added to the JAXX Liberty wallet! One of the leading multi-crypto wallets in the stores. Safely store your GRS on Android, iOS, Mac OS X, Windows, Linux or Google Chrome. With Jaxx Liberty you are always in control of your private keys, and you can use your wallet on multiple devices. Note: This directly replaces the deprecated JS Wallet which was of a similar (but older) codebase.
Groestlcoin was integrated into AtomicPay – A decentralised cryptocurrency payment processor that eliminates the involvement of a third-party gateway, allowing merchants to accept payments directly from their customers, with over 2500 merchants already signed up, a public release is set for Mid-January 2019.
Huobi officially opened trading for Groestlcoin to Korean customers! And in addition, a giveaway of up to 10,000 GRS was held!
Unocoin ATMs started supporting Groestlcoin at their ATMs, granting the Indian community the ability to withdraw (For INR) and deposit Groestlcoin into their UnoDax account. Groestlcoin $GRS is available on #Unodax exchange with the following pairs: $INR, $TUSD, $BTC.
Groestlcoin was listed on SWFT BLOCKCHAIN, giving you more opportunities to swap your other altcoins with Groestlcoin or vice versa, quickly and securely.
Groestlcoin was added to One Page Exchange! Where you can buy and sell Groestlcoin quickly and easily without any form of registration!
CryptoWolf started accepting VISA, Mastercard and Maesto to buy cryptocurrencies from the CryptoWolf exchange in EUR or USD! Providing a new FIAT gateway to buy Groestlcoin.
Groestlcoin has been added to CoinZark (Formally VertPig) for fast and efficient Crypto-to-Crypto swaps at very competitive rates using exchange aggregates.
Groestlcoin was added to PungoWallet! Pungo wallet is built to showcase the features that anyone can achieve with blockchain technology. They have built a set of modular solutions that allow any company to build a blockchain layer to interact with traditional software.
Groestlcoin was added to StealthEX, offering anonymous cryptocurrency swaps with tens of other coins without disclosing any personal information. Just choose the pairs, enter your address, send your coins and receive your funds!
Groestlcoin joined InvestFeed, granting a company listing and blue verified badge.
Groestlcoin was officially added to Blockfolio Signals – For those of you that use Blockfolio, you can keep updated with all the latest news straight from the app, via the Signals icon.
Groestlcoin has been added to DeltaDirect – Those using Delta can now stay up-to-date with the latest Groestlcoin news, straight from your Delta portfolio tracker app.
Groestlcoin has been added to CoinGecko Beam – Where you can easily follow us and receive updates without searching through social media.
Groestlcoin is now live on BitUniverse Link! All of the latest Groestlcoin updates and news will be directly available on BItUniverse.
Groestlcoin was added to NovaExchange! Launched in 2016 and operating from Sweden, users can trade over 300 different digital assets.
It come to light that the new Baikal BK-G28 supported the Groestl algorithm, after great lengths of discussion, the core development team decided to not fork away from these ASICs for the near future. If you missed it, a full statement on the subject can be found here: https://medium.com/@groestlcoin/groestlcoin-asic-statement-953f47baee98
What’s New Today?
Groestlcoin on Trezor Model T
As of the latest version of the Trezor Model T firmware, Groestlcoin is now officially supported! The Trezor Model T is the next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence. The Trezor Model T now supports over 500 cryptocurrencies.
Blockbook MainNet & TestNet Block Explorer
Blockbook is an open-source Groestlcoin blockchain explorer with complete REST and websocket APIs that can be used for writing web wallets and other apps that need more advanced blockchain queries than provided by groestlcoind RPC. Blockbook REST API provides you with a convenient, powerful and simple way to read data from the groestlcoin network and with it, build your own services.
Features:
Support to broadcast transactions online. Broadcast a raw transaction in hex format over the Groestlcoin network.
Supports every web browser
API – Complete REST and Websocket API for querying blocks, transactions and addresses; and receiving live updates
Light – Thin data model using groestlcoind RPC interface to validate blockchain information. Fast groestlcoind blockchain synchronisation (~1hrs for the entire mainnet), using RocksDB for data storage and optionally raw groestlcoind data files processing.
Exhaustive – Reports on double spend attempts, outpoint confirmations, outputs spend status reports. Input and Output hyperlinks in transactions. Extended view in transactions to show advanced details.
Open Source, written in the Go programming language.
Groestlcoin has been added to the Edge wallet for Android and iOS. Edge wallet is secure, private and intuitive. By including support for ShapeShift, Simplex and Changelly, Edge allows you to seamlessly shift between digital currencies, anywhere with an internet connection.
Features:
Multi-Asset Support. Supporting Bitcoin, Ethereum, Groestlcoin and many others, you can safely hold your coins.
Exchange Support – Supporting Shapeshift, Simplex and Changelly enables the user to seamlessly shift between digital currencies as if you were storing your funds on an exchange.
In-app buying and selling, exchange your FIAT for cryptocurrency directly within the app.
Encrypted with a username and password. Seamless login into multiple devices.
Easy, secure access with PIN or fingerprint. Additionally, supporting 2FA authentication.
Client-side encryption – All of your data is encrypted on your device before any of your information touches the Edge servers. Being free from server-side hacks and malware means that your assets are as secure as they can be.
We are excited to announce that Groestlcoin has been added to CoinID! With integrated cold and hot wallet support, and a host of other unique wallet features, CoinID can easily become your go-to wallet for storing Groestlcoin. More details can be found here: https://coinid.org/s/groestlcoin-wallet-overview.pdf
Features
Integrated Cold wallet. Store your funds offline and sleep tight at night. All you need is a separate Android or iOS device.
Transaction Batching – A feature normally reserved for exchanges, CoinID supports transaction batching, allowing the user to group transactions into one, saving space on the blockchain and lowering your transaction fees considerably as a result.
Complete control – Your private keys never leaves your device. "If you don’t control your private keys, you don’t own your coins".
SegWit support – Support for Segregated Witness, which means smaller transaction sizes, lower fees, and supporting all 3 address types (grs1, 3, F).
Hierarchical Deterministic – Use a single set of keys for multiple coins and addresses. When an address is used, a new one is generated.
Cross-Platform – Built with React Native for rapid development cycles and cross-platform support.
The Groestlcoin BIP39 tool is an open-source web tool for converting BIP39 mnemonic codes to addresses and private keys. This enables the greatest security against third-party wallets potentially disappearing – You’ll still have access to your funds thanks to this tool. What’s New
Added Coinomi, Ledger Client, Groestlcoinomi, Trezor, Safe T, Core, Groestlpay and Samourai to BIP32 Tab
Added BIP49 support
Add BIP38 support
Add CSV tab for derived addresses
BIP84 tab for derivation path
Display version number in top right corner
Groestlcoin ticker is now also displayed
Refactor method to clear old data from the display
BIP44 ‘purpose’ and ‘coin’ fields have been made read only
Tab Order is now alphabetical
Improve showing feedback for pending calculations
Show error when using XPUB with hardened addresses
Rename variables for clarity between BIP49 and P2WPKH Nested in P2SH
QR Codes use correctLevel 3 instead of 2
Update compile script to work across python 2 and 3
Add BIP49 to More Info section
Reword entropy text to indicate using a single source only
Detect and warn when entropy is filtered / discarded
Use new xpub/xprv prefixes for Segwit BIP49
Allow more rows to be generated starting from a custom index
BIP141 tab added for full Segwit compatibility
Show list of word indexes. Checksum shows in entropy details
Populate entropy field with hex value used from PRNG
QR codes with accents now work correctly by replacing jquery.qrcode with kjua
Allow initial number of rows to be set by the user
Raw entropy shows groupings with space every 11 bits for easier usage
Warn that entropy values should exclude checksum
Warn when generating low entropy mnemonics
Warn when overriding weak entropy with a strong mnemonic length
Allow XPUB to be used as root key for Segwit derivations
Add visual privacy safeguard. List alternative tools
Update bootstrap from 3.2.0 to 3.3.7 and jQuery from 2.1.1 to 3.2.1
GroestlcoinJS library upgraded to v3.3.2
General code refactoring, numerous performance improvements and bug fixes
Electrum-GRS is a lightweight "thin client" Groestlcoin wallet Windows, MacOS and Linux based on a client-server protocol. Its main advantages over the original Groestlcoin client include support for multi-signature wallets and not requiring the download of the entire block chain. What’s New
HARDWARE WALLET SUPPORT: Archos Safe-T Mini is now fully supported
Electrum + Android Version 3.2.3:
If a BIP39 seed extension/passphrase contained multiple consecutive whitespaces or leading/trailing whitespaces, then the derived addresses were not following spec. This has been fixed, and anyone affected should move their codes. The wizard will show a warning in this case.
The PRNG used has been changed
Fix Linux distributable, ‘typing’ was not bundled and was required for Python 3.4
Fix spending from Segwit multi-sig wallets involving a Trezor co-signer when using a custom derivation path.
Several other minor bugfixes and usability improvements.
ivendPay and Groestlcoin cryptocurrency have announced the start of integration. IT company ivendPay, the developer of a universal multicurrency payment module for automatic and retail trade, intends to integrate Groestlcoin cryptocurrency — one of the oldest and the most reputable Bitcoin forks into the payment system. Groestlcoin is characterized by instant transactions with almost zero commission and is optimal for mass retail trade where micropayments are mostly used. According to Sergey Danilov, founder and CEO of ivendPay, Groestlcoin will become the 11th cryptocurrency integrated into the payment module. The first working vending machines for the sale of coffee, snacks and souvenirs, equipped with ivendPay modules, served the visitors of the CryptoEvent RIW exhibition at VDNKh in Moscow and accepted Bitcoin, Go Byte, Dash, Bitcoin Cash, Ethereum, Ethereum Classic, Zcash, Bitcoin Gold, Dogecoin and Emercoin. ivendPay terminals are designed and patented to accept payments in electronic money, cryptocurrencies and cash when connecting the corresponding cash terminal. Payment for the purchase takes a few seconds, the choice of the payment currency occurs at the time of placing the order on the screen, the payment is made by QR-code through the cryptocurrency wallet on the smartphone. The interest in equipping vending machines with ivendPay terminals has already been shown by the companies of Malaysia and Israel, where first test networks would be installed. ivendPay compiles a waiting list for vending networks interested in buying terminals and searches for an investor to launch industrial production. According to Sergey Danilov, the universal payment terminal ivendPay for the vending machine will cost about $500. The founder of ivendPay has welcomed the appearance of Groestlcoin among integrated cryptocurrencies, as it is another step towards the realization of the basic idea of digital money - free and cross-border access to goods and services for everybody.
The NASGO is a platform has decentralized networks that make it ideal for opening up several opportunities to conduct e-commerce with the global technology blockchain. It is immune to a single point of failure. The platform connects publishers and developers to a community of global client, whose source of joy comes from solutions that are simple and easy to use. NASGO enables anyone to issue and distribute a tokenized asset. Nasgo and ShareNode have been labeled as MLM cryptocurrency securities fraud according to Behind MLM. Affiliates only need to sign up, invest in SNP and NSG tokens and receive an ROI in Bitcoin (BTC). At the same time, these firms pay pyramid commissions on the recruitment of new affiliates. Nasgo held some events in Vietnam informing that they were partnering with Chinese governments, something that was going to be a game changer for Nasgo and blockchain technology. Apparently, there were also some partnerships with the Cambodian government to be a blockchain source. They have said the same about China since there are many countries lined up to be their blockchain source. However, no government has mentioned anything about these partnerships or agreements with Nasgo or ShareNode. Indeed, no other country has publicly expressed interest in Nasgo’s blockchain platform. NASGO provides the important foundation to sidechain with many types of APIs, which include database writing, encryption, and network communications. The sidechain can supply more nodes to make the whole NASGO system stronger. The developers can use the already nodes as long as the owners of the nodes give them permission to use the nodes The NSG, which is the main currency of the NASGO mainchain, is transferable to the sidechain. The development of Bitcoinmade it possible to use a decentralized system of currency. After many years of developing, it became clear that the blockchain technology could be used in all fields. The main idea with the Nasgo Mainnet is to give the user a control system whereas you use a decentralized cloud server where you can put your website and products or services in front of a world stage. Even in countries where your I.P. is blocked, it can now be viewed. Much like a costly VPN, but now you have it along with other benefits through Nasgo. Plus, you have the ability to build all the decentralized applications right through the system. These are known as Dapps. Nasgo also can let you set up payment gateways that will work anywhere in the world. Plus, if you have developed Dapps and another Nasgo user may be interested in the same or similar Dapp, you can sell or rent for NSG (Nasgo tokens) Nasgo Blockchain Network For Crypto Payments Features
Dapps Store
The Dapps store by NASGO will provide small and medium enterprises with unmatched access to a huge database of customers in a decentralized way. The NASGO Dapps are applications that are based on the blockchain platform. The Dapps work on their custom sidechain, which makes it easy for developers to make decentralized applications that utilize NSG as an internal currency or token. Each Dapp has a unique private sidechain of its own that operates in synchronization with the NASGO current block height and block time.
Custom Assets
NASGO can provide a client that is simple to use. This enables you to issue a blockchain asset without necessarily having to write a code. As a user on the NASGO platform, you can trade these assets with the NASGO tokens, which are able to move from the sidechain in a decentralized manner. It is also possible to trade them with other currencies in a centralized exchange.
Pegged Side Chain
The NASGO system can provide a development tool where the developers can create a basic sidechain system easily. The developers also can fully customize their side chain systems, which include their consensus algorithms, account architecture, and trading mode. Nasgo Benefits
Easy To Use
The NASGO system provides a great user experience, which comes due to the one-click client and in-built Dapp store. There are also various clients for the many platforms available including Linux, windows, IOS Android and Mac OSX. It’s a collaboration between Chinese and Americans. NASGO is also a Chinese and American collaboration that have come together to develop a system that is decentralized and that which the government is not able to control.
No Code When Creating Dapps
When creating Dapps, you will not be required to have any programming knowledge since you will not be required to write even a single line of code.
Payment Gateways
With NASGO, you can be able to create payment gateways that are applicable in any part of the world.
Ability To Sell Or Rent Dapps
If you are the one who has created a Dapp and another NASGO user develops an interest in the Dapp, then you can rent or sell it to get NASGO tokens. Learn more about "NASGO" Token, Website : https:// www.nasgo.com/ BNTYOX USER NAME : SUN12
Q: Was there any reason why the team chose to create a ‘decentralized Amazon’ to show off the progress with connectors? It caused big interest. Thanks. A: You know, I only expected a "hello world" MApp from the team to show cross-chain interoperability. They blew me away and created a truely decentralised Amazon that operates across 3 blockchains. Very proud! Q: Does qnt offer any additional security against ddos viruses, mallware or any other cybehacking threats? A: Yes, this is built in, coming from our Cybersecurity background. We're creating new Security infastructure in the space of Identity, Firewall, DPI and IPS that sits on top of Overledger, giving additional security controls to use blockchains which doesn't exist today. Q: What exactly is the patent about and what does this imply (if granted) for other blockchain interoperability projects like aion, wan and icx? A: The Patent was filed on 1st December as an EU Patent. It covers how we're doing ordering and filtering to protect the inner core of Overledger. It should be granted around the end of 2019. It just means other projects can not use our method and approach to have interoperabilty. Q: Question from my side, Recently this twitter account released a press release of a partner ship with Quant Network. Could you elaborate on that ? https://twitter.com/AtlanticPowerX/status/1049179316754366464 A: We're building a new upstream Power Exchange. Allowing for closed P2P Power networks (like powerledger) to cross-exchange on a new Power Exchange with all the other P2P Power networks. Q: Does the team have an update on the Zapier integration concept? Might we see Overledger working with 1000s of Apps one day via Zapier? A: This is exciting for us. We're integrating Overledger with Zapier. This will allow us to bridge the thousands of internet applications to blockchain, through Overledger. Huge potential! -Followup Q: Wow this is Massive! So Enterprises will be able to connect the data from their Apps (Excel, CRMs, ERPs) into Overledger - as well as cross connect blockchains? Correct? A: Yes exactly. It's a leap into our 3rd phase of our strategy to connect the internet to blockchain. We can do this today rather than waiting 2-3 years! Every single Internet application can integrate with blockchain through Overledger. Quite groundbreaking Q: Have you looked at connecting machine learning + AI blockchain consensus' like neurochain for increased diversity of overledger A: Yes we're big fans of AI and have mentioned quite a few projects. We're in the final stages of announcing a partnership or JV with AI Nexus to create decentralised intelligence. Q: Your post regarding the decentralized “Amazon” where you show a pic of XRP, ETH and BTC payments is pretty awesome, although why couldn’t you show the community some better proof like at least a video and even better - some proof on the blockchains? A: We will be sharing some live demos over the next few weeks and a more detailed one during our Nov 20 Quant X event for developers. As Gilbert, mentioned, the MApp that the team shared blew us away and we wanted to share it real time. We will also be sharing demos for devs/chief architects etc on the Quant Dev Portal. Q: Latoken listing was a mistake, there is zero activity on it. Would you consider this a fail? A: Then you can use IDEX? Don't know what everyone wants, we've just started to list on exchanges, another 2-3 in the works. If you're not happy, sorry. We're not going to do everything for everyone. We have a set focus and vision to achieve. Q: How many devs are currently working on the project and are you planning on expanding your team? I have seen only 5 people contributing on the Github and not sure if they have some real previous blockchain experience (I’m not exactly a programmer myself so perhaps I missed something) A: We have done profiles of our team and their experiene with DLT on Medium as well as on our website - all quite experieced as you can see from their outputs. Rui and Alex's profile on Medium to be posted over the next two weeks. -Followup Q: I know, but perhaps the team needs to be a little bigger, not sure if 5 devs are enough for this. But afterall, maybe it is if the companies will use the SDK themselves A: Thanks for the suggestion, but we're a good size and have the right capable and experienced team. Adding another 20 people to the team now isn't going to achieve anything. Q: Where is the software hosted? i.e. my desktop computer's OS is on its hard drive, so where is the Overledger? Is it cloud-based like AWS/Azure, and if so who hosts the servers and where? A: Good questions. It comes down to the developers. You can create MApps as a Webapp or Cloud, on an OS (Win/OSX/Linux) or Mobile (iOS/Android). Q: Besides GoVerify Mapp, are there any other Mapps being developed by Quant that are interesting for financial institutions? A: Yes, we have a few. A Cross-Trade Finance MApp to allow multiple supply chains using different systems and blockchains to talk to each other. Also are creating a cross-blockchain AML Compliance tool for Regulators and Financial Institutions. One thing to note here on this one - we are also building our MApps to utilize the QNT token. That is the beauty of having multi-purpose utility token versus a security token because you can add mutliple functions. We will reveal more over the coming months as we finalize the tech (somethings are senstive or competitive intelligence that we can't share) but this is something worth noting now because it doesn't begin and end with just the fee structures for Overledger. Q: Whats the next connector after quorum? Was the quorum one mentioned before, any reason for that connector? A: We want to work on the technology that our clients use the most. Q: Does quant have control over APIs or can developers design their own because platform risk might be a concern. A: Yes of course we control the APIs. We call them BPI (Blockchain Programming Interface). Q: Token function - So assuming that the token is somewhat like a license for using the service, how much tokens would a company need in order to make for instance 1000 transactions from XRP to ETH per day? Would they need just 1 token or would it be scaled according to the usage somehow? A: That's what we're working out currently, now that the SDK is out. We have team of internal and external technical, lawyers and economists on this. It's a new model that really hasn't been done before. What we know is that we will have a flexible pricing approach for MApps for developers to set the price/usage regarding tokens and volume. Q: any idea when the US Bank/financial institution will be announced in october? A: still in the works, we'll announce when we can. Q: what do you hope to achieve from the QauntX event on Nov 20th? 2. Also, will you be capturing all the juicy content (photos, video, audio) for posting/sharing? Great opportunity for videos and images for marketing etc. A: Absolutely will have it all captured on video as well as plenty of photos. The event is targeted predominantly to devs/architects and CIOs and to so we can provide live demos of the technology and show what is possible/answer questions. We also expect to use this as an opportunity to invite some of our clients so they can betterunderstand the tech and what is possible. Q: In layman's terms where does QNT sit in the technology stack It's not it's own chain so how does it interact with chains , it's an operating system but where does it operate?" - Is there a quick way to help tech newbies understand how Overledger operates? A: Think of it as running distributed across Cloud providers and then blockchains to provide the API gateways to blockchains. Q: Is there a plan to actually market quant in the future as a license to take advantage of an ecosystem during the campaign A: We're working on our marketing approach which is more directed to Enterprises. We're covering all the channels to use the best possible segment and reach. Here's some of areas we're looking into. From the release of the SDK, we've ramped this up and you'll be seeing a lot more on Quant, especially if you work in corporates: Targeting Blogs Publicity Unconventional PR Search Engine Marketing (SEM) Social and Display Ads Offline Ads Search Engine Optimization (SEO) Content Marketing Email Marketing Viral Marketing Engineering as Marketing Business Development (BD) Sales Affiliate Programs Existing Platforms Trade Shows Offline Events Speaking Engagements Community Building Q: Not really a question, but it'd be cool if you discuss the possibility of joining SAP partner edge, so many applications that quant can provide to those members. Ofc it's already cool that you're already in talks with a US bank A: Thank you for the suggest. We can integrate easily to SAP or other ERP systems. We'll start looking in to it Q: Can you also consider a “Connect IT with Quant” icon - bit like “Intel Inside”. This signifies that the app, MApp or blockchain can be connected via Quant (Overledger) etc. the icon can also be a link to the official integration page - hosted on your site - indicating it’s an official product/partner. The “IT” part is a play on words that IT folks will get. A: Thank you Robin, like it! We've been playing around "Powered by Overledger" something like the "Intel Inside" tag line. Will come out with something catchy and effective Q: Can overledger implement/integrate a privacy layer using something like TEE/MPC to protect sensitive/confidential data? A: We already have that with TrustTag. It allows you to set privacy fields to tokenise data you don't want others to see Q: A community member posted an article with a strong interopability focus: https://www.coindesk.com/ethereum-enterprise-alliance-hyperledger-blockchain-consortiums-join-forces/Perhaps you guys could take a look and use it as an oppurtunity to gain some traction/awareness? A: Thanks Luke. We've already connected Hyperledger and Ethereum to Overledger. We know the EEA/IBM teams and can discuss in more detail. Q: will the team be releasing a ‘blockchain’ that can be used as a ‘test’ and/or ‘starter’ blockchain for Enterprises. Obviously it can be connected to others via Overledger later - but I see two Enterprise use cases: 1. Test bed easily scratched and reset; 2. Simple ledger for immutable storage - especially when Zapier allows Excel data to flow. A: That's exactly the use case the new blockchain will solve. An appropriate enterprise-geared blockchain that provides better distributed storage for large amounts of data. It's a gap in the market the current generation of blockchains are solving or are not fit for purpose. One problem we have is we can't agree what to name it. Love to hear some suggestions Q: Did you speak to any interested enterprises during the london fraud conference about GoVerify? A: Yes, quite a few including Government. Following up with them this week. Q: Is Dr John Lambert still an advisor for Quant Health? I noticed he recently moved to DXC and was wondering if this impacts his advisory role? A: Yes he's still an advisor. We're looking to work closer with DXC on a couple of engagements in the UK and in Australia. Q: Have you considered doing interviews with youtube crypto influencers/shillers. (paraphrased) A: from my perspective we like to speak with credible influencers in the crypto space who don't operate under a 'cash for comments' fee structure which is why we are big fans of Brad. Some of the practices in the crypto space are not 'necessary evils' but highly unethical. Even the ones who claim 'never accept money for interviews' operate under undisclosed 'advisory' roles where they ask for extortianate rates in tokens. Also, over the last 10months Gilbert and Quant have been featured in New York Times, New Scientist Magazine, Politico, USNews, and even had an op ed published on Fox (which wasn't our target but it has massive reach so it doesn't hurt) plus behind the scenes he has done an amazing job of doing 1:1 briefings with the most senior staff members from Washington Post, CNN, msnbc, bloomberg and even did an interview for Al Gore's Climate Change Newsletter etc. i don't know if you all appreciate, how significant this is because most established companies take years to set up relationships and get in front of these types of reporters and they all know Gilbert now and if they want to write articles blockchain and need quotes and backgrounder info exactly they come to us.
Testimonials “Not enough trolling” - nanoakron, XMR Contributor “you are so obviously a shill” - ButtBazaar, in comments on the ETH survey “Wow.” - jstolfi, in reply to the ETH survey Survey ID: 00002 Coin: Monero (XMR) Client: jwinterm Executive Summary Monero is a leading privacy-oriented cryptocurrency. It was originally forked from Bytecoin which introduced Cryptonote, and whose launch was so bad they needed another chance to get it wrong. After their launch, they were a proving ground for Bytecoin exploits. Since then, Monero has become the leader in Cryptonote comedy gold, surpassing Bytecoin. Its future promises exciting drug market comedy gold, while the development team is a zoo of likely furries. 6 Top Comedy Gold Veins
Slow development - Likely due to the amount of time spent yiffing, “nice-to-have” extras like a GUI take a while to be released. After more than two years since at least one possible design for multisig in Cryptonote (curiously enough, from a paper co-authored by Gmax), multisig is still not in Monero yet, although still in development.
Launch issues - Launched because of complaints that the Bytecoin launch was unfair (i.e., not announced on Bitcointalk), Monero launched after about a week’s notice without an overabundance of communication from its founder. It released without 32-bit support, without a GUI, and without a mac client which according to BCT trollscritics is functionally equivalent to a premine.
Fenty - Monero is poised to take a commanding lead in the drug markets because of its combination of market share and stronger privacy commitment. Fent is known to be the leader in comedy gold potential for drug markets. Someday, there will be a major incident linked to a fent shipment arranged by a cryptocurrency. If that’s Monero, the fallout could be substantial.
Bleeding Edge: Monero started out as a clonecoin, a relaunch of Bytecoin, the first CryptoNote coin. However, it is in a position which is I think unique, or at least quite rare: despite starting as the clone, it is now leading the original upstream in market cap. Further, as a result CryptoNote / Bytecoin exploits have been demonstrated first on Monero. Monero has also developed its codebase such that it could not directly import upstream easily like most clonecoins could. Like all of the bleeding edge cryptocurrencies, Monero may produce more comedy gold from bugs being exploited on the chain.
51% / miner attack: Monero has had at some points large concentration in mining. As with most if not all cryptocurrencies, this centralization can lead to miners having significant control over a coin. So far, there doesn’t seem to have been any direct impact on Monero from this, and there may not be any effect. But Bitcoin and Ethereum have both had issues relating to functional centralization in mining in one way or another. Monero could as well. If anything does develop here, the popcorn futures could be explosive.
A brief history of comedy gold in Monero
There's an old proverb that says just about whatever you want it to.
- Anonymous (from this page of anonymous quotes) In the beginning there was Bytecoin. Of course, the original bytecoin was actually just a basic BTC clonecoin. And I think there was at least one other Bytecoin not the one we’re talking about here, since deceased as well. And when exactly this Bytecoin started is a matter of no little dispute. But, whenever it was, it was. By the time it was “discovered” and posted on BCT, about 80% of the total supply had been mined. Regardless of what exactly led to this, there were many in the cryptocurrency community on BCT who wanted a relaunch to use the tech without having to buy into the existing distribution. Then came “bitMonero” (first reference BCT ANN). Launched on relatively short notice, with a de-optimized miner inherited from upstream, no mac client, without 32bit support, and without a GUI. The original developer of the bitMonero fork, thankful_for_today (TFT), supported the network through an initial bug inherited from upstream [ 1 ]. TFT disappears from the thread for a while, and some of the community pull together to make a sort of rebranding, changing to “Monero”, making a new ANN (second BCT ANN listed in references) and forming a new team to run the coin. In the meantime, TFT made another Cryptonote based coin, Fantomcoin, but TFT continued to try bitMonero development as well [2], before finally abandoning the attempt again. And then the coin gets pretty boring. There’s a potentially serious issue revealed [3] which was inherited from Cryptonote and potentially even a deliberate backdoor left in, but the fix is in pretty quick and the ecosystem is small enough there’s not really an opportunity to exploit it further. While development is slow, the coin continues to work and move on. The coin gets adopted on one of the darknet markets in 2016, and around the same period it sees a surge in market price. While there is potential for comedy gold fallout from this, there hasn’t been anything obvious so far that I’ve seen. Researcher’s Narrative: After wrapping up the ETH survey, I put up the new $5 survey special sign and settled in with a bottle of cheap vodka to contemplate deep questions like how I got here, where I’m going, and why the ground is swaying like that. By the time I woke up, the bottle was empty, but there was a $5 bill slipped under the door with a note which read “Monero?” After only a few short hours of pondering the note and where the vodka had gone, I knew what I had to do next. A dark night in a world that never sleeps and knows how to keep its secrets...But on the 12th Floor of the Acme Building, one man is still trying to find the answers to life's persistent questions: Guy Noir, drunken sotprivate comedy gold surveyor. Thanks Narrator. Although I can do without the judgemental commentary. At least I struck it out. I’ll strike you out! But this is going even more off-course than usual. I should really make at least a token effort to do my job. So off I go to the furriest corner of cryptocurrency, and I ask the Monerons what they think their greatest weaknesses are. A rather clever move, if I do say so myself, as they’ll either do much of my job for me, or they’ll say they are entirely without fault and thus provide me with more fodder about how unselfaware they are! They rather surprise me by providing solid responses, with only a rather token “we’re flawless!” attitude to be found. This actually makes my job somewhat harder, as now I have to try to figure out whether the seeming lack of major flaws is a result of such a biased “research” method, general laziness, or being co-opted by actually enjoying the community. So I take the only logical route and go on a weeklong acid binge. At the end, I realize I’m an insignificant mote in an uncaring universe where humanity itself is an unnoticed blip. The futility of civilization and life itself is obvious. After some further reflection aided by bottles and pipes, as well as overdue bill notices, I realize that while all of this is true, none of it is relevant, and my foggy mind is further from any useful answers than when I started. Disclosure of biases: I was hired to write this article with $5 in BTC from jwinterm who is a participant in Monero. In the thread where I asked Monerons what their greatest weaknesses are, I learned a bit about their development process and decided I wanted to pitch my services to them. This has unquestionably made me biased. However, I did do my best to try to figure out where the critical flaw was to maximize the comedy gold yield. In coming up short, I’m not sure whether I’ve missed flaws or simply blinded myself to them. I know there are additional paths to find more comedy gold. I should ask the Bytecoin community what they think of Monero. And DASH and etc. to try to find all of its critics. But this piece must stand as simply an initial survey and I must move on to my next step. References
[ ] https://bitcointalk.org/index.php?topic=563821.msg6147116#msg6147116 - states rationale for not using Bytecoin rather than Monero (presented as Bytecoin clonecoin at this point) as being “Also the fact that cryptonote/bytecoin was hidden deep for the last few years and was being mined by a "big" unknown community the fork would give people a fair start on this new technology.”
[ ] https://bitcointalk.org/index.php?topic=563821.msg6273120#msg6273120 - thankful_for_today - “Current status: Everything works fine on Linux. We can launch as soon as Windows and Mac binaries will be ready. In order to make everything as fair as possible I move a launch time +12 hours. See updated original post.”
[ ] https://bitcointalk.org/index.php?topic=563821.msg6286990#msg6286990 - Johnny Mnemonic, “There may be no pre-mine, but not a single step was taken to make this coin any more accessible than BCN. An easy GUI miner is super critical for early adoption, as is a cross-platform wallet that can be used out of the box. So now the only miners are the same few people willing to fuss around in the command line.”
[ ] https://bitcointalk.org/index.php?topic=563821.msg6300505#msg6300505 - “The problem is in block generation code. In one of last updates in Bytecoin there was a bug introduced: it calculates extra-size penalty the wrong way. As a result we see that a mined block isn't accepted by the network. I will consume the big transaction now into correct block. As soon as network accepts this block I will release new mining code to git.”
[ ] https://coinmarketcap.com/currencies/fantomcoin/ - Fantomcoin, merged mining cryptonote coin. Gets mentioned in BCT XMR thread since the cryptonote world is relatively small, with Bytecoin being the other one I know, and the reference implementation which isn’t actually a coin. (Subsequent to writing this learned about other ones, and learned Fantomcoin was created by TFT (original creator of BMR which was rebranded to XMR))
[ ] https://news.ycombinator.com/item?id=7765455 - nullc on zerocash vs bytecoin; “(And come on, I'm not usually one to lean on authority— but you ought to believe /me/ when I say it's not copying Bitcoin and that it's doing something very useful and interesting for cryptographic privacy)”
[ ] https://bitcointalk.org/index.php?topic=583449.14980 bookmark at page 750 in case computer crashes before I’m back from smoke break; actually an interesting page; all about talking about changing the emission rate and what is fundamental and unchangeable and who needs to approve changes. Very core cryptocurrency discussion.
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