|submitted by KarlVonBahnhof to AltcoinTrader [link] [comments]|
submitted by BryanM_Crypto to Crypto_com [link] [comments]
We are excited to announce that the Crypto.com Exchange will exit public beta on 8 September 2020. Crypto.com Exchange was launched last November in private beta and opened to the public a month after. Users are able to trade digital assets on one of the most liquid and secure platforms in the market through its web interface, trading API, and Crypto.com App with low fees for both individual and corporate customers. The Exchange will progressively launch in all markets where Crypto.com App is available.
To celebrate this milestone, Crypto.com is pleased to present another Bitcoin Syndicate Special, featuring BTC at 50% off with USD$2M allocation. This event will commence on Tuesday, 8 September 2020, 6AM UTC on the Crypto.com Exchange, so don’t miss out - sign up now if you haven’t registered for the Exchange! Stake a minimum of 5,000 CRO on the Exchange and trade at least $5,000 USD worth of volume in the past 30 days on the Exchange to subscribe.
We are also giving away $50,000 on Twitter - like, follow us and retweet! Rules of the giveaway here.
Read the full blog for full details: https://blog.crypto.com/crypto-com-exchange-to-exit-public-beta-btc-syndicate-special/
submitted by BryanM_Crypto to Crypto_com [link] [comments]
Get up to $2,000 in CRO and 50% of their trading fees for every friend you refer
We are excited to announce the launch of the Crypto.com Exchange Referral Program today, 20 August 2020, where both referrers and their friends will receive CRO rewards with each successful sign-up and stake.
Check out the details of our referral program here: https://blog.crypto.com/introducing-the-crypto-com-exchange-referral-program/
submitted by BryanM_Crypto to Crypto_com [link] [comments]
Starting 26 August 2020, Crypto.com App users can automate their Crypto.com Coin (CRO) purchases on a weekly, bi-weekly and monthly basis for as low as $50 USD. CRO joins Bitcoin and Ethereum on our Recurring Buy feature. The Crypto.com Coin (CRO) token is the native token of the Crypto.com Chain - our next-generation public blockchain solution. CRO also powers the overall Crypto.com ecosystem, with utility across payment, trading and financial services use cases.
Supported cryptocurrency: BTC,CRO & ETHOptions: Weekly, bi-weekly, or monthlyPayment methods: Credit CardMinimum amount: $50 USDMaximum no. of recurring buys per month: 5Credit purchase monthly limit ($USD):
Build your stack, turn your dollars into crypto over time. Set up recurring buys now!
More coins will be added into this feature in the coming weeks. Stay tuned.
Please refer to our Help Centre for more details.
*Requires App version 3.65 for both iOS and Android.
UPDATE (6/1): You may notice some changes in the feature with the new iOS app release. We're working closely with Apple and will share updates as available.submitted by jarins to CryptoCurrency [link] [comments]
TL;DR: Moons are a new way for people to be rewarded for their contributions to CryptoCurrency. Claim your Moons in the new Vault section of the Reddit iOS or Android app! They represent ownership in the subreddit, they are tokens on the Ethereum blockchain controlled entirely by you, and they can be freely transferred, tipped, and spent in CryptoCurrency.
Today we’re launching a new feature in limited communities called Community Points. Community Points are a way for users to be rewarded for their contributions with a unit of ownership in their subreddit. Community Points can be earned, tipped, won, collected, and spent on unique items within a community. Each subreddit has its own stylization of Community Points, and the ones in CryptoCurrency are called Moons.
How do you get Moons?Moons are distributed monthly based on individual contributions (comments, posts, etc.) that people make in CryptoCurrency. Reddit karma provides a basis for measuring people’s contribution, but the final decision is up to the community.
Initially, 50 million Moons will be distributed based on karma earned in the subreddit to date. The amount distributed each following month will start at 5 million and decrease by 2.5% every cycle, so that the total number of Moons distributed over time will approach a maximum cap of 250 million.
What can you do with Moons?Moons can be traded freely and used for any number of purposes within the community. At this time, they can be used to display reputation within the subreddit, unlock exclusive features like badges and GIFs in comments with a Special Membership, and add weight to votes in polls.
New Special Membership
On the BlockchainMoons exist as ERC-20 tokens on the Ethereum blockchain, where they are managed by a suite of smart contracts that handle balances, transfers, distribution/claiming, and purchasing Special Memberships. The smart contracts and mobile apps have been reviewed and audited by Trail of Bits, an independent security firm with blockchain expertise.
As blockchain tokens, Moons are independent of Reddit. Once you’ve earned them, neither Reddit nor moderators can take your Moons away or decide what you do with them. They’re all yours.
Community Points are currently on the Rinkeby testnet (through summer 2020). We plan to migrate Community Points to the Ethereum mainnet, and Points balances will be carried over.
Note: If you send Moons to outside non-Reddit wallets or contracts, you are sending them to testnet addresses. These tokens will not show up in outside software (e.g. wallet apps, Etherscan) unless you switch to Rinkeby and use the testnet Moons contract address (0xDF82c9014F127243CE1305DFE54151647d74B27A).
How to get started with your Reddit VaultThe first Moons will soon be distributed to every active contributor in the subreddit with at least 100 karma. You can get started by claiming your Moons in the new Vault section of the Reddit mobile app, which includes more details on the start-up process and how Moons work.
Please note that you will need to set up your Vault the first time you access it, and you will need to be on the latest version of the Reddit app (2020.17.0 or later). We will be rolling the Vault out over the course of the day, so if you don’t see it now, please check back later.
See the inspiration for Community Points and get started
Thank you CryptoCurrencyWe are launching Community Points today in a couple of subreddits that have opted into this experiment and with whom we will be working closely. We are very excited to have you join us in this new beginning and we’re looking forward to seeing what ideas you have for Community Points. We’ll be sticking around to answer any questions you have, so please ask away in the comments below. Thank you!
submitted by BryanM_Crypto to Crypto_com [link] [comments]
Attention DeFi holders & farmers - Crypto.com is launching an exclusive campaign for you to get prizes for trading DeFi tokens on the Crypto.com App. The total prize pool for the campaign is $20,000 in CRO Tokens.
Check out our blog for details: https://blog.crypto.com/defi-cro-trading-competition/
submitted by no89key to ethereum [link] [comments]
Celer is a layer-2 scaling platform pioneering the technology of state channel network and hybrid roll-up. Ethereum is our home and we have a proven track record to contribute to its scalability. We propose Celer’s State Channel solution as a great fit for Reddit’s Community Points because:
The code used in the benchmark is here https://github.com/celer-network/goCeler-oss and benchmark video can be accessed here https://www.youtube.com/watch?v=IpFNQ3HpZKg
For questions and discussions, we have set up a dedicated email address to receive questions related to the challenge: [[email protected]](mailto:[email protected])
We also invite the community to ask questions in the following channels to get the fastest technical responses:
You can also read the full post in the blog format. [edited for correct link]
Use Cases WalkthroughIn this section, we walk through four use cases specified in the challenge: mint & distribute Community Points (CP), CP transfer, auto subscription and CP burn. For each, we discuss the user flow of how apps are doing it today and underlying technical solutions when using state channels. For more general explanations of how state channels work, check out generalized state channel walkthrough article, and more technically, the specification, detailed walkthrough and our Devcon V talk .
💰Mint and Distribute Community PointsCeler supports this exact use case in CelerX gaming platform today. CelerX is a moible eSport platform where users can pay ETH or supported ERC-20s to enter skill-based real money game tournaments and win prizes.
The onboarding process and token claim process are recorded in real-time
When a user onboards a game, he will be automatically created an Ethereum wallet. At the same time, 100 Game Token (ERC-20 used for free practice tournaments) will be minted and distributed to this user through Celer’s State Channel Network. When users use up all Game Tokens, new Game Tokens can be redeemed. Different game developers can use CelerX SDK to have different GT in their ecosystems.
How much is it actually used today in production? Our active users perform about 30K Game Token mint&distribute per day and we are comfortably handling 150K such operations in the 5 day period mentioned by Reddit team. However, this is far from the actual limit of the software. Performance benchmarks are in the next section.
It is straightforward to swap the “Game Token” to “Community Point” and different “game developers” to “subreddits” in the above description. It’s frictionless for users and indeed, 90% of our users do not even realize that they are using blockchain and only think we use an interesting way to back up their accounts (use iCloud or write down 12 words somewhere).
Next, we dig deeper into some specific aspects of the solution in an FAQ style.
Isn’t the case that a user has to have on-chain ETH to open a channel for Community Points? Not really. Celer’s state channel network has a built-in functionality called promised channel open. This gives the possibility to have a mutually signed commitment between Off-chain Service Providers and users (Reddit or subreddit owners) to act as a promise to mint and distribute a certain amount of tokens to a user’s channel on layer-1. Therefore, it acts as a token mint in layer-2.
Does this mean that users have to store additional states or may lose their Community Points? Luckily no. Users and service providers (e.g. Reddit or subreddit owners) can store their states in State Guardian Network (SGN) by paying a fee. State Guardian Network is a decentralized watchtower solution that solves many of the state availability issues in traditional simple payment networks such as Lightning and Raiden.
If a user is offline, will his CPs be exposed to attacks? Nope again. This is what SGN is built for so that even when the user is offline, a decentralized SGN looks out for the user’s state. Other layer-2 solutions like Plasma or Rollups also have to have similar “watchtower” to monitor layer-2 state commits and transactions on users’ behalf and the involved cost in the worst-case malicious scenario is very similar.
In the state channel networks, users need to connect to some channel nodes in the network. So who acts as a user’s counterparty node? This will be the subreddit owner or Reddit itself in the beginning. This offers great horizontal scalability: each subreddit can host a cluster of state channel nodes in an independently scalable fashion with strong user proximity and connect to other subreddits in the channel network if common community points can be used cross certain subreddits.
💸Community Points TransferGame Token transfer experience
P2P token transfer is really the bread and butter of the state channel network. To show a use case that is in production: when two users in CelerX platform enter a 1v1 match between each other, what happens underlying is that they send a layer-2 boolean conditional payment to each other conditionally depending on the result of the game. This condition will resolve to true or false and the corresponding layer-2 payment will be established or canceled automatically off-chain after the result of the game is determined off-chain. The conditional payment is a particularly powerful construct of generalized state channel network and we will discuss more in the subscription use case. Simple CP transfer completes across the network with 1.5 Round Trip Time (RTT) end-to-end network latency in the order of milliseconds.
Envisioned State Channel Network for Reddit Community Points
Does the recipient need to be online to receive the payment? Not necessary. Celer’s state channel network has the unique capability to set Delegated Recipients to receive payment when a user is offline. The delegated recipients, in this case, can trivially be the subreddit hosts or Reddit itself in the very beginning. It is also important to note that Delegated Recipients can only sign state proof on users’ behalf and cannot actually withdraw the fund from the channel on-chain. In addition, to ensure that there is no possibility to have any state availability attack, the sender’s protocol ensures that the delegate put these mutually signed states to SGN so that when a user comes back online, he can retrieve the most recent state.
How much is it used today in production? We are processing about 80K game payments in Game Token per day. Same as before, this is far from the system limit. Benchmarks will be discussed later.
🔥Community Points BurnRecording of Loyalty Point burn in CelerX platform
Community Points Burn is also a use case that we already implemented in production. In games built using Celer, there is a concept of Loyalty Point (ERC-20, like Game Token). Users receive Loyalty Points by competing in tournaments. Users can also use loyalty points to redeem items of real value (like Celer T-shirt). This redeeming process is precisely the token burn use case required by Reddit.
This is implemented by simply sending the token back to the layer-2 minter. In our case, it is sent back to the game developers’ Celer nodes and in the case of Reddit, it will be sent back to the subreddit owners’ nodes.
But wait, how is the token burnt if it is sent back to the minter on layer-2? In other words, would it be possible for a minter to just withdraw these tokens on-chain and send it to whoever he likes? Rest Assured. For the case of minted Community Points, the minter can act as counterparty to send out and relay points transfers, however, he is just a delegate recipient (see above discussion) of a token minting pool address. The best he can try on-chain is to withdraw the token back to the pool but cannot actually get a hold of token on-chain.
📅 Subscription Auto PaymentThis is not yet live in production, but we actually have a feature coming up that uses the exact same usage pattern. To implement this use case, we use a powerful primitive of generalized state channel called Conditional Payment. To explain what a conditional payment is, let’s look at an example. When Alice sends a conditional payment with X CP to a subreddit CP minter the X CP won’t be immediately burnt but is in a “committed” state with a conditional dependency that will be resolved later. The condition can be literally anything that you can verify and get result on-chain, for example, subscription states of this subreddit and the timestamp. The final amount that Alice burnt can fall in the range between 0 to X and is determined by evaluating the outcome of the conditional dependency using any arbitrary function. In this very concrete use case, Alice can send a relatively large amount of CP as conditional payment and the resolution of the conditional payment will automatically update as the time passes by. Note that this process does not need to have any other layer-1 or layer-2 interaction so that is purely automatic.
Sending a payment that conditionally depends on the outcome of an on-chain verifiable state (off-chain or on-chain) is equivalent to sending funds to a smart contract application in layer-1 and this is one of the key differences between Celer generalized state channel solution and other simple payment channel network solutions.
Why State Channel Network Provides the Right Tradeoffs for Reddit’s Use Cases?With so many different great layer-2 solutions, identifying a fitting solution is about identifying the right tradeoff for the specific use cases. Celer as a platform contains different techniques like State Channel Network and Hybrid Rollup to cover the entire layer-2 tradeoff space. We previously discussed different solutions’ tradeoffs. After applying these general principles to this specific case, we choose to not go to the Celer rollup solution and believe that Celer’s State Channel offer is the best fit.
Reddit’s use cases primarily concern token movement-related operations with certain flexibility requirements and it seems from the current requirements, things like “Defi + complicated yield mining based on Community Token” are not in the scope yet. Even when more complex use cases do come into the picture, it is still helpful to have a highly performant, low-cost, and flexible enough token operation core.
In this section, we take a first-principle approach to analyze the asymptotic fundamentals instead of fixated on a galaxy of possible system-level optimizations. We believe State Channel Network offers the following fundamental advantages comparing to other layer-2 scaling techniques for Reddit’s specific use cases.
⚡️Web 2.0-like interactiveness via 100X lower latencyGeneralized Conditional Payment protocol sequence with 2RTT latency
Real-time and interactive UX is not optional in today’s consumer application world. Today’s Internet applications optimize latency to the level of milliseconds with well-studied results such as every additional 100ms latency on page load can drop Amazon sales by 1%.
When Community Token is widely used, we would imagine it is on a lot of users’ critical interaction paths. However, layer-2 techniques such as Plasma, zk Rollup, and Optimistic Rollup (collectively commit chains), though good for throughput (high TPS), fail when tested against this latency requirement. Let’s have a break down for commit chains’ thick latency profile:
State Channel Network, however, offers two orders of magnitudes lower latency and gives users smoothest experience. The underlying reason for that is the so-called “instant finality”. When a user sends out a transaction in State Channel Network, all latency involved is a 1.5–3 Round Trip Time (worst-case in hundreds of milliseconds) to the counterparty to receive the mutually signed and updated state proof. Once this proof is obtained, this transaction is “final” as in there is no possibility to revert or reorg this transaction. We want to highlight that this is not a system engineering difference, but an asymptotic advantage for State Channel solutions.
💪Simple horizontal throughput scalability with maximal decentralizationHorizontal scaling by simply adding more subreddit nodes
In terms of throughput requirements, Celer’s State Channel also offers fundamental advantages. The key difference here is that State Channel Network offers a simple scale-out solution for the Reddit Community Point use cases. To add more subreddits supporting community tokens and therefore more users, it is as simple as spinning-up new Celer State Channel nodes. Each node will serve users in the “proximity” and cross different subreddits if tokens can be shared, they can be connected simply via some “backbone” links as a single and interoperable network. This offers close to linear scaling-out capacity as the number of users grows. There will be no layer-2 or layer-1 congestion.
On the contrary, all layer-2 commit chain approaches (e.g. Plasma, zk Rollup, and Optimistic Rollup) rely on a logical singleton to order transaction, compute state transition and finally batch succinct transaction summaries (proof or state root+calldata) to the layer-1 blockchain. This means that as more and more users onboard the logical singleton, there will be even congestion on layer-2 let alone the inherent congestion on layer-1. To alleviate such congestion, a simple approach is to split one commit chain into multiple commit chains in the fashion similar to layer-1 sharding. However, cross-chain communication will then pose a significant challenge with much more complicated interaction beyond the acceptable requirement of the use case.
💵 Lower transaction costState Channel also offers fundamentally lower transaction cost comparing to other layer-2 scaling solutions.
First, on the storage side, the amount of storage required in State Channel system is linear to the number of users in the system and has nothing to do with the number of transactions or interactions. In addition, there is no layer-1 storage required during the transaction process (send CP and burn CP). This is because state channel nodes and SGN only need to store the latest state for each node instead of the full transaction history. On the contrary, the commit-chain approaches require storage capacity to scale up with the number of transactions. What’s worse, even when transactions are happening purely in layer-2, layer-1 storage resources are also consumed to store the validity proof or state root.
Second, on the compute side, state channel requires less compute resources for off-chain transactions due to the fact that no state update needs to be computed or checked by a duplicated set of parties or waiting for any blocks. State updates are only computed and agreed upon between counterparties.
📝Flexible conditional payment primitiveState Channel like any other layer-2 technique, does not cover the full spectrum of tradeoff plane. The biggest tradeoff is that it is trading off performance and cost with the supported application patterns. If it is a use case such as minting and transferring NFT tokens (e.g. CryptoKitty)where the involved users concurrently interacting in a session is arbitrary and changing at any given time with arbitrarily unique assets, State Channel is not the best solution.
However, we do believe with Reddit’s specific use cases concentrating on token management and transfer, State Channel Network is a great fit with enough flexibility to go beyond just simple token transfers. Celer’s generalized state channel differs from simple payment channel networks (such as Raiden and Lightning) in the sense that it supports conditional payment to implement much more flexible functionalities and logics such as auto subscription with an underlying generalized payment network.
Performance BenchmarksCeler Network’s node software is highly optimized and production-grade: it requires less than 10MB minimal memory and can support 1,000 clients on one t2.micro instance with 1CPU, 1G memory**.** The node software is also hyper scalable with support of multi-node clustering via solutions like k8s and parallel database backend via solutions like Cockroach DB.
All of the use cases mentioned in Reddit Bakeoff essentially can reduce to token transfer operations. So we focus our test on this specific benchmark. As we discussed previously Celer’s state channel can scale horizontally, we use a single-node setup with a single database backend instance for the ease of reproducing the benchmarking results through our end-to-end test.
The video of the benchmark demo can be found here.
As shown in the performance benchmark demo, with this setup, Celer Node can achieve 4177 transactions per second and an average transaction latency of 9ms with a peak memory usage of less than 200MB. We want to note that our node software has the capability to extend a single node to a decentralized cluster of nodes plus a parallel database access backend. Celer Node software can achieve more than 30,000 transactions per second with 11ms latency per transaction on a single logical node built by a 9-server cluster.
In terms of transaction cost, the only protocol cost is on storing user’s state to State Guardian Network. Each user’s state proof is around 200Bytes no matter how many transactions a user sends as the state constantly gets updated to the newest state instead of appending new states. Therefore, it is just a subscription model for a storage slot on the State Guardian Network. The pricing of state storage is dynamic and as of the initial launch of the SGN, the cost for processing the entire batch of challenge transactions and storing states during these time would be around $1.9.
Notes on the “Layer-2 LEGO”Layer-2 tradeoffs
Layer-2 is a complex space but it is also a composable one. We believe the best solution is not to choose any single layer-2 scaling technique but compose multiple techniques together as a wholistic solution. Analyzing the Reddit team’s requirements, we believe a combination of solutions working together might offer the best tradeoff for all current and future envisioned use cases. We provide an interesting thought experiment on how to compose different techniques together.
State Channel has the capability to not only run on layer-1 blockchains but also run on layer-2 commit chains like optimistic rollups. Therefore, we can imagine a system where the entire “on-chain” operations (e.g. exit of state channel and actual instantiation of channels) are all based on layer-2 smart contracts on optimistic rollup chains. This gives the flexibility to build very complex use cases like Community Token liquidity pool on rollups. At the same time, when it comes to real-time interaction, token distribution and token transfer, state channel network operating on top of a layer-2 rollup chain will take the load and give end-users the smoothest user experience possible.
We believe this should be an exciting future for Layer-2 scaling on Ethereum.
submitted by BryanM_Crypto to Crypto_com [link] [comments]
New Matching Engine, OMS & REST/Websocket APIs, 10x performance.
New infrastructure, new promos:
🔥 0% trading fee for 1st 90 days for new users 🔥 50% trading fee reduction for existing users
Sign up to the Crypto.com Exchange now!
Read the blog for more details: https://blog.crypto.com/crypto-com-completes-key-exchange-infrastructure-upgrades/
First 1,000 eligible API traders to receive $1,000 eachsubmitted by BryanM_Crypto to Crypto_com [link] [comments]
Following the successful launch of the Crypto.com Exchange REST API and WebSocket API Version 2 (V2), we are inviting all retail API traders to join the Crypto.com Exchange and get a chance to win up to $11,000 USD worth of CRO.
Campaign Rewards: Total prize pool of US$1,145,000 will be distributed as follows:
submitted by Eva_Canares to FTMO_Forex_Trading [link] [comments]
Statistical Edge TradingHave you ever traded with statistical edge? Our Allen trade talks about backing up the trading network and leveraging it from excellent newspapering. This is a stage that is undermined by many traders but fairly, it can be a crucial factor in boosting your trust and believing in your system. For those interested in this sort of research, you can check out the FTMO Statistical Application.
Trading with a Statistical edge
Although many traders back-test and record their trades to verify the trading system 's feasibility, monitoring and using the data to maximize both your stop loss and profit goal is a tremendous advantage. Two of the most critical pieces of data that I record when reporting trades is the drawdown and the benefit potential.
The drawdown, to be sure, is how far a trade goes against my place before it goes in my favour.
Whereas the benefit potential is the maximum distance from my entry which the trade moves in my favor. It isn't important and it's uncommon, in general, that I actually exit the trade. Yet definitely coming out at or as close as can be.
Firstly, I record my trades in two ways, using screenshots of the charts themselves where I annotate my entry, date, type of trade and all other relevant details related to my methodology, such as strength and weakness analysis , multiple time frame analysis and correlation. I also note on the map the drawdown and benefit potential of the trade.
Then I go through my Excel spreadsheet with main details. See "excel" below.
Excel spreadsheet with main details.
This includes the date, day, session, pair, time, route, entry price, closing price, type of setup, type of entry, type of exit, drawdown, potential for benefit and outcome. I then let excel do all the heavy lifting for myself as I can sort my trades numerous ways, by day, by session, by pair, by route, by type of set-up etc.
But where the really cool stuff is under the "Mind-blowing stats" tab where I have some of the above filterable statistics that will help me to optimize both my stop loss and my benefit goal.
Here is a summary of the specification.
When you use a risk percentage account to calculate your position size (as you should), so the lower the pause, the larger a position size you will trade in. The stop must, therefore, have a high likelihood of remaining. The vast majority of trading books, guides, videos, etc., advise that after a recent high / low swing, the stop will be many pips.
But my trade documents helped me to come up with a statistical advantage for my stoppage placement.
As can be seen in the "Drawdown" tag, Trading my Type 1 BO (breakout out) on GBPAUD, 79.55 percent of the time my drawdown was less than 25 pips, although it was just 81.82 percent at 30 pips and 84.09 percent at 35 pips.
Statistical Edge Trading
So when using a larger pause, an extra loss or 2, the advantage of having a greater size of the place and thereby netting more money makes the extra loss(s) inconsequential.
Furthermore, the income goal can also be optimized.
Looking at the "Profit Potential" connection and remaining on GBPAUD again for my Type 1 BO trades, we can easily see that almost 80 percent of the time, those trades get between 20 and 30 pips.
Statistical Edge Trading (b)
It is a perfect place to take off 1/2 of the spot and push the stop to flat. So we can let the rest of the half run to about 50 pips where 59.09 percent of the trades touch.
Obviously market conditions aren't always the same, so if you can recognise when they are, i.e. linked moves or strengthening or weakening other classes (commodity pairs or safe haven pairs), then you can make educated decisions about how far a trade will go.
Statistical Edge Trading (meme)
I hope this information 's helpful to you.
Eva " Forex " Canares .
Cheers and Profitable Trading to All.
About FTMO -
They fund forex traders. Just Pass their risk management rules and begin trading for their company. They'll provide you capital up to $300k USD for trading the financial markets. 70% of profits you keep and losses are covered by them. How does it work?
How to Become a Funded Forex ,Stocks or CryptoCurrency Trader?
submitted by PrimeBitExchange to u/PrimeBitExchange [link] [comments]
PrimeBit is growing like crazy. Everybody hopped on the crypto contracts bandwagon, and we offer:
Additionally, you earn a 5% commission from the affiliate income of the people you brought in. This is a market-leading multilevel structure that fuels our development.
Ok, new crypto traders keep on registering, but we want to grow even faster. That’s why we launch a promo for new affiliates.
It’s enough you bring in at least one new trader, who makes any deposit. The prize pool is $250 and we will pick 10 winners.
That’s it. We give you an opportunity to build your own affiliate network and earn snowballing affiliate revenue. Do it now, and you’ll get $25 extra!
The promo starts on July 29. We will announce the winners on September 1.
How to start? You don’t have to invest anything. Just sign up for a free PrimeBit account, copy your referral link, and share it with everyone.
Here’s how to find it on the desktop version of PrimeBit WebTrader App:
And on mobile devices:
Copy, share, build a snowballing passive income, and grab $25 extra!
Click here to sign up or to login to your PrimeBit account
TLDR: Used to create strategies on TradingView and manual trade, most bots were overly complex or too basic. decided to create our own.submitted by CryptoFinn to BinanceExchange [link] [comments]
I've used TradingView for awhile now, creating my own or modifying community submitted strategies and setting price alerts, going onto the exchange to manually trade. I've also tried a few crypto trading bot apps but found it either overly complicated, taking way too long to set up or bots that did not have a strategy for buying in or exiting positions, almost like just a market buy and TP order on the exchange itself.
We decided to create a bot that is easy to use and gives them access to trading strategies and backtesting tools. Each CryptoHero bot can be set up in just under a minute. The bots will use pre-set popular technical indicators, currently we support a few basic technical indicators: EMA, RSI, Stoch RSI and Bollinger Bands. We also hope to add more automation with machine learning to optimize the strategies.
Currently it's only on iOS, the bot connects to your Binance account through API so your coins are still on Binance, CryptoHero only has the permission to trade your coins.
It's a freemium app, we are looking to give away 3 month of premium early access codes for early users that can give us feedback. We'll drop the codes on this space and across our other touchpoints, you may request one directly too from the Telegram group :)
Product Hunt: https://www.producthunt.com/posts/cryptohero
submitted by tkeycoin to Tkeycoin_Official [link] [comments]
During the development of the project, we published 3 documents about the technology that we are developing and preparing for the market. Some decisions were changed, but the main idea and goal remained the same — effective financial management.
Since the ICO boom, several years have passed, blockchain and cryptocurrencies have become synonymous and are perceived only as a means of earning money and the obvious advantages of using the technology itself in combination with others are of little interest to anyone. A user, business representatives, or some government officials associate the word “blockchain” directly with cryptocurrency or Bitcoin, without thinking about using systems built on a distributed registry in the current reality.
As we mentioned above, during the development of the project, several documents were published in which we announced our technology and clearly said that we are mixing modern concepts and approaching the market from an economic and scientific point of view, borrowing the best from Bitcoin, Ethereum, DASH, and other alternative currencies.
It is important to note that the concept of Bitcoin or Monero will be different from the concept of TkeyNet. These are other areas and practical application that some market participants may perceive as similar, but this is far from the case.
“When you innovate, you must be prepared for a prolonged lack of understanding of your actions on the part of your environment. You can do something you believe in, but for a long time, people who only wish you well may criticize your endeavors. When faced with such criticism, ask yourself — Are they right? And if you answer this question positively, accept the criticism and adjust your work accordingly. If the answer is negative, if you are firmly convinced of your rightness, you should prepare for a long defense, defending your positions. This approach is a key component of innovation.” ©The idea of Bitcoin is beautiful, even if it has not yet been accepted by society as planned, but at least the idea of using Bitcoin as a means of accumulating value and storing savings has a place to be. Bitcoin actively strives for a high price mark and dominates the market by more than 50%, and this is a great result. Bitcoin set the necessary vector for many developers around the world, people were able to review the systems used and make their own decisions based on the Bitcoin core, for example, DASH or Ethereum, and users, in turn, learned about such a phenomenon as cryptocurrency.
In General, what was this introduction for? That TKEY should be considered as a universal asset, without defining it as a cryptocurrency. The question may immediately arise, why is this so? It doesn’t have explicit currency properties? Bitcoin also does not have the properties of cash but is called a cryptocurrency, and the types of applications of the peer-to-peer payment system Bitcoin and TkeyNet can differ significantly from each other.
The purpose of this publication is to tell you about the new features of TkeyNet, when the official transition to the new Protocol will take place, and why TKEY is a universal asset that simply needs liquidity? In General, we will talk about the clear advantages of switching to new technologies that we have been striving for so long and about your benefits of using them accordingly.
What is TkeyNet, and what are its advantages?TkeyNet is an infrastructure that combines various solutions for users, businesses, and the public sector. Secure corporate networks, payment processors, liquidity, cross-border payments, trading tools, information security, instant exchanges, investment tools. One platform — millions of opportunities.
When creating TkeyNet, we immediately turned to e-cash protocols, concepts of electronic currencies, considered the movements of Bank international transfers, and also drew attention to the obvious complexity of these systems. Therefore, to build a high-quality architecture of TkeyNet, the team took as a basis — blockchain technology, cryptography, payment and banking system, electronic cash protocols, exchanges, stock markets, DHT, and other p2p networks.
Now more than ever, businesses, users, and most financial market participants need reliable and modern systems that will meet the needs of the market.
For example, a user wants to quickly send funds to another user, and they do not want to think about how the blockchain works and who the “miners” are and what they do for the network. Any of us want to open the app and click a few buttons on the screen to pay for a particular service or send money to relatives abroad and the most importantly, know that the funds will reach you quickly and with a minimum Commission. Or let’s say you came to India, you have some funds in Bitcoin, but you would like to pay for your purchases in the local currency — the Indian rupee without extra conversions.
You are the owner of a payment system or Bank, and you want to receive % for conversion transactions, or banks want to create their consortium for cross-border payments. Either you are an entrepreneur and plan to open an exchange or trading platform for trading various assets, not necessarily digital, but, for example, gold and diamonds, or you are a young and purposeful startup team and want to quickly launch your Digital Bank, or you do not want to do business, and you have several million euros or dollars, you want to get % of their use.
TkeyNet makes these features available to all participants.
As we can see with you, there are quite a lot of use cases, and it may seem that TKEY is again torn into 100500 different directions, but this is far from the case. Here, a specific and clear direction is Finance and its movement.
How TkeyNet worksRemember, we said that — “to develop the platform on a global level, it is necessary to reach a consensus between government regulation, business, and society. We understand that it is impossible to achieve 100% of this, but it is possible to create favorable conditions favorable to all parties.”
How will the system work? All participants are connected to the system using TkeyNet technology that allows the financial gateway to control their transactions with increased speed, transparency, and efficiency. Independent verification servers constantly compare their transaction records. To hack the system, you will need to get access to all the devices that are logged in.
TkeyNet solutions offer a cryptographically secure, end-to-end payment flow with the immutability of transactions and redundancy of information contained in them. It is developed to meet each financial gateway’s risk, privacy, and compliance requirements. Since the software is developed to be easily integrated into the existing financial infrastructure, it minimizes any integration costs and failures, and also meets international standards (ISO, etc.).
TkeyNet can be a neutral utility for financial institutions and systemsA gateway is an organization that allows users to invest money and take money out of a pool of liquidity. The gateway accepts currency deposits from users and issues balances to the TkeyNet blockchain.
TkeyNet Protocol provides a single source of truth for counterparties while maintaining the confidentiality of payment data of Bank clients.
TKEY is a universal bill (digital obligation) in the distributed registry TkeyNet.
Gateways install specialized software for interacting with the distributed registry and other system participants. Users, brokers, and other participants interact with the system via mobile or web interfaces. Gateways act as a link between the distributed registry, brokers, users, and other services that allow you to make quick transactions.
The participants of the system make payments between themselves by using cryptographically signed transactions denominated in digital obligation. This type of transaction uses an internal registry.
In the case of working with Fiat currency and other assets, such as securities and precious metals, the registry records the amounts owed with assets presented as debt obligations. All accounts and transactions are cryptographically secure and verified algorithmically. Payments can only be authorized by the account holder, and all payments are processed automatically, without any third parties or intermediaries. The TkeyNet Protocol checks balances and accounts inside the system for transferring payments and sends payment notifications with minimal delay, which ensures fast calculations in the system.
For more specialized solutions can be created by the Central gateways and the gateways just. A Central gateway is an organization that allows users to invest money and take money out of the liquidity pool. Gateway is an organization that interacts with the Central gateway. Accepts and exchanges digital liabilities for other assets, such as securities.
TkeyNet globally reduces the number of different expenses and automates operational tasks, simplifies and reduces the cost of conducting monetary transactions, and improves traditional financial services.
We understand that it is not easy to tell all the principles of the TkeyNet system in a single publication, especially one that deals with neither one nor two issues. Therefore, you should consider this material as a basis, a base that will help you learn the information that is related to the TkeyNet Protocol most easily after the release of TkeyNet.
Moving a little away from corporate solutions, we suggest you recall some theses from our roadmap, which was published on the official website in the period from September 2018 to November 2019:
“The introduction of the exchanger in web wallets and the app will allow users to send money in one currency, and the recipient will receive it in another currency. For example, a user can buy Tkeycoin for dollars and exchange it for euros or Bitcoin or Ethereum at the current exchange rate.This functionality provides full control of funds through a single trusted and most secure source. Users no longer need to create multiple accounts on third-party resources to make an exchange into a particular currency.With the development of the network, it is possible to implement a multi-exchange that works on the principle of a payment bridge, when the user sends funds to Tkeycoin, and the recipient chooses the receiving currency, let’s say Litecoin, the funds are automatically converted” ©https://preview.redd.it/htf048hmc1b51.png?width=700&format=png&auto=webp&s=9be3fe4895b5bece5c7c0d72548d4724e46556a7
We wrote above that TKEY can in principle be used as a universal asset, acting as a digital obligation or an asset as an exchange. By the way, references to this were also published on the official website — tkeycoin.com. In simple words, using one of our web interfaces, you can access TKEYRUB or TKEYUSD or any other asset, such as TKEYGOLD.
TKEYUSD, TKEYRUB, and TKEYGOLD are symbols and can be called differently in the system, for example, TKUSD or GOLDTKEY, so now they should be considered as an example.
Why is TKEY a universal asset?As before, you can easily and quickly send TKEY to any member of the network and TKEY will have liquidity on the exchange also, TKEY allows you to fast exchange for euros, dollars, or other currencies.
For the interface, the applications will display functions of digital assets 1:1 to a particular currency, for example, TKEY to RUB, TKey to EUR, or TKEY to Dirhams or TKEY to the pound and vice versa, respectively.
Therefore, as we said above, TKEY should not be regarded as a cryptocurrency, it is a universal unit inside the system TkeyNet, which may refer to transaction information as exchanges of obligations between banks and transaction TKEY -> TKEY between users, or to carry information about the exchange on the exchange or the exchange of digital assets or gold variations quite a lot, for most of the functions we describe in the release day TkeyNet.
What are the advantages for companies and developers?First of all, we strive to open the doors for all platform participants. Only through synergy and cooperation can we accelerate the pace of development of the entire system and the introduction of new technologies in the market.
The platform will open doors for developers, who in turn can create technological solutions based on TkeyNet. A working environment will be created, and integration with the TkeyNet platform will be as easy as with the documented SDK or plug-ins. In the course of development, API documentation and ready-made SDKs for developers will be published.
This will make it easy to use and implement TkeyNet technology in various types of applications, for example, you want to create fast exchanges, we provide you with a framework, back-end, and API, and you create a front-end and launch your service, get your Commission, and are an independent project in the market. An important point is that integration into the existing infrastructure takes place while maintaining the decentralization of the TkeyNet system so that all its internal and external operations remain confidential and verified at the same time.
What are the advantages for users?This means getting a universal tool for working with financial markets and easily converting an asset into any other asset: euro, dollars, or gold.
Also, TKEY owners should clearly understand that the more the system develops and there are more participants, namely the corporate segment, projects, and partners, the company will be more stable and thus the project assets will grow stronger.
The popularity of the platform and trust in it directly affects the price of assets, these are the key points of growth signs, the wider and more influential the spread of the company in various areas, the higher its performance in the market.
When will the long-awaited transition to TkeyNet take place?
What changes will be made to the products?As you understand, everything will change, and this is for the better. At a minimum, products will become faster, lighter, safer, and more versatile.
Changes and new releases will be released as soon as they are ready. In TkeySpace, the TKEY libraries will be rewritten under TkeyNet. A web version of the wallet will appear, and eventually, an application with an exchange interface will be released for quick trading and exchange of various assets, not limited to digital ones. The Tkey Messenger will be adapted for TkeyNet and will be released for previously announced platforms: iOS, Android, Linux, macOS, Windows immediately with the ability to translate directly in the messenger. We will tell you about the messenger architecture on the release day.
All changes and releases will be published and announced after the release of TkeyNet.
What is radically new in TkeyNet?There will be funds, the Protocol will become much more universal, as well as the TKEY itself. The Protocol will also exclude the possibility of attacks that could have been in Core 1.0, also, the principles of the platform will change. We will publish all technical specifications on the day of release.
Timeline for switching to TkeyNetThe transition to TkeyNet will not take place until August 2020. We will release news and instructions for switching to TkeyNet, so we recommend that you subscribe to the newsletter immediately: https://tkeycoin.com/en/newslette.
Listing on crypto exchangesThe liquidity of the TKEY asset is urgently needed for the development of the entire TkeyNet system, so the company will provide trading platforms for TKey trading and exchange.
ConclusionThe introduction of technologies using digital currencies will create the fastest transition of users and the corporate market to a new level.
FinTech direction makes it possible to manage finances in the most efficient and secure way, without violating the law. This system simplifies, reduces the cost of conducting monetary transactions, and actually improves traditional financial services.
The solution is interesting to everyone who works with money and is used to getting maximum efficiency from it: business, investors, traders, users of banking solutions, the corporate segment, etc. When using the system, large businesses get solutions for interacting with customers online, without using specialized points.
We, in turn, are open to various offers and cooperation on flexible terms. If you have any suggestions or interesting concepts, please contact us at [[email protected]](mailto:[email protected]).
https://reddit.com/link/hfmvjl/video/bmn5s7eib2751/playersubmitted by mickhagen to genesisblockhq [link] [comments]
This is the fourth post of our Spreading Crypto mini-series, where we look at what it’ll take for this tech to reach broader adoption. We’ve previously discussed protocols and how they become widely adopted, the state of crypto applications today, and the different strategies used to launch a crypto app to the masses.
Today’s post examines how Genesis Block fits into the picture of broader crypto adoption. The power of crypto & blockchain is that anyone can become their own bank. This tech allows us to get rid of banks. Why would we need a new, crypto-powered bank like Genesis Block? Is this a contradictory concept? Today we’ll answer these important questions. Let’s dive in.
Genesis Block: The BankI’ve always disliked the entire banking industry. I never thought their work added much value to the world. I saw bankers — especially the Wall Street types — as greedy, blood-sucking vampires. I pictured them swimming in their piles of riches like Scrooge McDuck. Only caring about themselves. Unafraid to trample on anyone who stood in their way. All for their bottom line and profit.
I never imagined that I’d become a banker. Major plot twist.
So, how did this happen? Well, after many years of working within crypto, I saw this as a clear need and opportunity. The most promising use-cases to emerge within the crypto industry are primarily around financial services — things like lending, borrowing, saving, investing, payments, and insurance (in upcoming posts we’ll diving into Decentralized Finance — DeFi).
These popular crypto use-cases map very closely to the types of services that banks already offer. Consumers know exactly what a bank is and does. By using the “bank” concept, we’re able to leverage centuries of marketing and education that has already been done.
That’s why we’re building a “bank.”
The “bank” itself is not the big idea. The big idea is to leverage decentralized technology to unlock financial opportunities for people all over the world. The big idea is to help people achieve greater economic freedom. The big idea is to build a world-class application that solves people’s problems and meets their needs.
This new, digital bank is just the vehicle, the vessel, the agent. It’s the channel where we hope to deliver this value. It’s the “killer app” that can take crypto to the masses.
Does Crypto Need a Bank?The power of crypto is that anyone can become their own bank. With nothing but a smartphone, you can store your wealth and nobody can take your money. You can send funds to anyone, anywhere in the world and nobody can stop it. It’s a game-changer.
There are circumstances where becoming your own bank can mean the difference between life and death. Imagine a refugee family that wants to safely protect their years of hard work — their life savings — as they travel across borders. Carrying cash could put their safety or money at risk. A few years ago I spent time in Greece at refugee camps — I know first-hand this is a real use-case.
Or imagine a family living under an authoritarian regime — afraid that their corrupt or oppressive government will seize their assets (or devalue their savings via hyperinflation). Citizens in these countries cannot risk putting their money in centralized banks or under their mattresses. They must become their own bank.
These use-cases are inspiring and powerful.
But what about everybody else? What about the billions of people around the world who aren’t living under such difficult circumstances?
Crypto allows us to get rid of banks. Do we really need a crypto-powered bank like Genesis Block?Absolutely, yes.
For most users, having a bank — a secure, trustworthy, compliant, transparent, digital, mobile bank — will make all the difference between crypto adoption and oblivion. For the billions of normies out there, putting money in a bank like Genesis Block will be safer, easier, and financially more rewarding than if they were to become their own bank.
Analogy: Email HostingTo help illustrate my point, let’s do a comparison with Email Hosting. I’m familiar with email because that’s what first got me into decentralized protocols back in 2014.
Because email protocols are open-source, users have the choice of where to host their email. If someone has the expertise, motivation, and time to set up their own email server, they can host their own email. Alternatively, if they value simplicity & convenience more than control, they can set up their email with Google or Microsoft in a matter of minutes (there are many email hosts including ProtonMail if privacy & security are a priority). The email will function properly in any of those options because the protocols are open and interoperable. Users can always migrate their email somewhere else later.
Those who set up their own email server will have absolute control over all the knobs and levers of spam protection, security settings, access control, rate limiting, etc. In a sense, they will have become their own “email bank” — only they have access to their email. They control everything.
However, it’s not realistic to expect the majority of people (the masses) to set up their own email server. Nor is it something that we should promote or encourage.Most have no idea where to even begin. Could they stumble through Youtube tutorials to get through it? Maybe. But why? What would be the point?
There are teams of highly-paid professionals who have been setting up email for decades at Google, Microsoft, and ProtonMail. They have fine-tuned and optimized every aspect of the configuration. They know how to keep it secure. They know how to keep data protected. They know how to guard against spam. They know the best practices because of the years of experience and the millions of email servers that they’ve already set up. And they can get it done in a fraction of the cost and time that it would have taken an average user.
Other than for exceptional circumstances, there is just no reason that the common person should try to host their own email — especially when they can so easily tap into the expertise and experience of email professionals.
Based on available email data, my point has already proven true. Most of the world has opted for a hosted email solution like Google or Microsoft. The masses prefer products that are simple and convenient.
Crypto: DIY Bank vs Hosted BankLike email, crypto is built with open protocols. There is no monopoly on the types of applications that can be built or used because the protocols are open-source. Users have a choice of where they can store their digital money — or where to “bank.” The many wallets, platforms, and applications are all interoperable with each other. Users can easily move their funds from one service to another, just as they can move their email from one host to another.
A user can store their crypto on Coinbase (a centralized exchange) or they can store it themselves and become their own bank (using a non-custodial wallet or dApp which we’ve covered previously). The former option would be similar to hosting your email on Google. The latter option would be like setting up your own email server, hosting it yourself.
It hasn’t made sense for the masses to set up their own email server. And it certainly doesn’t make sense for them to try and set up their own bank.
The billions of normies out there simply don’t need to become their own bank. Nor should we encourage it.What’s the worst that can happen if someone botches the setup job on their own email server? They may lose emails, data, and documents. What’s the worst that can happen if someone botches the setup of their own bank? They could lose their entire life savings.
When it comes to crypto and money, the stakes are so much higher. They’re as high as it gets! The consequences of not doing it correctly can be devastating. If people all over the world are losing their money this would be a major setback on our quest for broader crypto adoption.
The masses should not be trying to set up their own bank. They should store their money with a “hosted” bank —kinda like how most people store their email at Google or Microsoft. Leave it to the experts and professionals. This approach shouldn’t just be a recommendation — it should be the default. It should be what our industry is pushing for, propping up, and promoting.
Experts & ProfessionalsWhen it comes to crypto and money, normies should be leaning heavily on the expertise & experience of real professionals. They should be putting their money in places that have teams of wildly overpaid security engineers whose only job it is to guard, protect, and secure the funds. At Genesis Block, we’re working with best-in-class custody providers like BitGo and Coinbase.
Normies should be putting their money in places where the teams are deeply familiar with the tech, know how to best leverage it, and know how to safely generate value.
Our team at Genesis Block has been in this space for many years. We’ve built protocols. We’ve done a lot of investing, trading, yield farming, liquidity mining, etc. We understand the risks and opportunities of these innovative, decentralized protocols — especially in the world of Decentralized Finance (DeFi).
Normies should be putting their money in places with a proven track record. Companies that have been in the institutional lending & borrowing markets for years. Companies with strong balance sheets and squeaky-clean reputations. At Genesis Block, we’re working with world-class institutional partners like Genesis Capital and Cumberland.
Normies should be putting their money in places that are compliant, regulated, and audited. Users want transparency. They want to know that there are checks & balances — real accountability. At Genesis Block, we’re working with regulators across the globe. We’ve also partnered with Evolve Bank & Trust and Visa — each with strict security, compliance & accountability policies.
ConclusionIf we want this tech to reach broad adoption, we should do everything we can to deliver maximum value to end-users. That value is unlikely to be achieved if we’re pushing the masses to set up their own DIY bank.
Maximum value occurs when normies put their money with experts like Genesis Block — where teams of highly-paid professionals are putting years of experience, knowledge, and best practices to work on behalf of users, every day. Where teams of crypto ninjas are storing, managing, investing, and growing crypto in a way that normies simply cannot. Where economies of scale are available. Where learning, research, experimentation never ends. Where upgrades, bug fixes, improvements never stop.
So does crypto need a bank like Genesis Block? Can it help with growing adoption? Should we be encouraging the masses to use Genesis Block?
If you’ve read this far then I think you already know the answer. Yes, of course.
But will it behave like all the legacy, greed-filled banks of the past that so many of us dislike? Of course not. We’ll get into those differences later.
A new digital bank that’s powered by blockchain technology is the perfect killer application that can take crypto to the masses.
For the billions of normies out there, putting money in a digital bank like Genesis Block will be simpler, more secure, and financially more rewarding than if they were to become their own bank.https://reddit.com/link/hfmvjl/video/g4j8eja6d2751/player
Other Ways to Consume Today's Episode:
Have you already downloaded the app? We're Genesis Block, a new digital bank that's powered by crypto & decentralized protocols. The app is live in the App Store (iOS & Android). Get the link to download at https://genesisblock.com/download
This is the second post of our Spreading Crypto series where we take a deep dive into what it’ll take to help this technology reach broader adoption.submitted by mickhagen to genesisblockhq [link] [comments]
Mick exploring the state of apps in crypto
Our previous post explored the history of protocols and how they only become widely adopted when a compelling application makes them more accessible and easier to use.
Crypto will be no different. Blockchain technology today is mostly all low-level protocols. As with the numerous protocols that came before, these new, decentralized protocols need killer applications.
So, how’s that going? Where is crypto’s killer application? What’s the state of application development within our industry? Today we’ll try to answer those questions. We’ll also take a close look at decentralized applications — as that’s where a lot of the developer energy and focus currently is. Let’s dive in.
Popular Crypto ApplicationsThe most popular crypto applications today are exchanges like Coinbase and Binance — each with tens of millions of users. Other popular crypto exchanges include Kraken, Bitstamp, Gemini, and Bitfinex. In recent years, new derivatives platforms have emerged like FTX and Deribit.
Beyond the fact that the most popular crypto applications are all used for speculation, another common thread is that they are all centralized.A centralized application means that ultimate power and control rests with a centralized party (the company who built it). For example, if Coinbase or Binance wants to block you from withdrawing your funds for whatever reason (maybe for suspicious activity or fraud), they can do that. They have control of their servers so they have control of your funds.
Most popular applications that we all use daily are centralized (Netflix, Facebook, Youtube, etc). That’s the standard for modern, world-class applications today.
Decentralized ApplicationsEven though the most popular crypto applications are all centralized, most of the developer energy and focus in our industry is with decentralized applications (dApps) and non-custodial products.
These are products where only the user can touch or move funds. Not even the company or developer who built the application can access or control or stop funds from being moved. Only the user has control.
These applications allow users to truly become their own bank and have absolute control of their money.They also allow users to perform blockchain transactions and interact directly with decentralized protocols. Some of the most popular non-custodial products include Ledger, MetaMask, and MyCrypto (#ProudInvestor).
While the benefits of this type of application are obvious (user has full control of their funds), it comes with a lot of tradeoffs. We will cover that later in this post.
Libertarianism + CryptoIf the most popular applications tend to be centralized (inside and out of crypto), why is so much of our community focused on building decentralized applications (dApps)? For the casual observer, that’s a reasonable, valid question.
“Not your keys, not your coins.”This meme is endlessly repeated among longtime crypto hodlers. If you’re not in complete control of your crypto (i.e. using non-custodial wallets or dApps), then it’s not really your crypto.
Engrained in the early culture of Bitcoin has always been a strong distrust for centralized authority and power — including the too-big-to-fail government-backed financial system. In the midst of the Financial Crisis, Satoshi Nakamoto included this headline in Bitcoin’s genesis block: “Chancellor on brink of second bailout for banks.” There has always been a close connection between libertarianism & cryptocurrency.
So it’s no surprise that much of the crypto developer community is spending their time building applications that are non-custodial or decentralized. It’s part of the DNA, the soul, the essence of our community.
Personal ExperienceWhen I was at Mainframe, we built Mainframe OS — a platform that developers use to build and launch decentralized applications (dApps). I’m deeply familiar with what’s possible and what’s not in the world of dApps. I have the battle scars and gray hair to prove it. We’ve hosted panels around the various challenges. We’ve even produced videos poking fun at how complicated it is for end-users to interact with.
After having spent three years in the trenches of this non-custodial world, I no longer believe that decentralized applications are capable of bringing crypto to the masses.While I totally understand and appreciate the ethos of self-sovereignty, independence, and liberty… I think it’s a terrible mistake that as a community we are spending most of our time in this area of application development. Decentralized applications will not take crypto to the masses.
Overwhelming FrictionThe user friction that comes with decentralized applications is just too overwhelming. Let’s go through a few of the bigger points:
What Our Industry Has WrongDecentralized applications will always have a place in the market — especially among the most hardcore crypto people and parts of the world where these tools are essential. I’m personally an active user of many non-custodial products. I’m a blockchain early-adopter, I like to hold my own money, and I’m very forgiving of suboptimal UX.
However, I’m not afraid to say the poop stinks. Decentralized applications simply cannot produce the type of product experience that mainstream consumers expect.If the goal is growth and adoption, as a community I believe we’re barking up the wrong tree. We are trying to make fetch happen. It isn’t gonna happen. Our Netscape Moment is unlikely to arrive as long as we’re focused on decentralized applications.
\"Mean Girls\" movie
There’s a reason why the most popular consumer applications are centralized (Spotify, Amazon, Instagram, etc). There’s a reason why the most popular crypto applications are centralized (Coinbase, Binance, etc).
The frameworks, tooling, infrastructure, and services to support these modern, centralized applications are mature and well-established. It’s easier to build apps that are fast & performant. It’s easier to launch apps that are convenient and on all form-factors (especially mobile). It’s easier to distribute and promote via all the major app store channels (iOS/Android). It’s easier to patch, update, and upgrade. It’s easier to experiment and iterate.
It’s easier to design, build, and launch a world-class application when it is centralized! It is why we’ve chosen this path for Genesis Block.---
Other Ways to Consume This Content:
Have you already downloaded the app? We're Genesis Block, a new digital bank that's powered by crypto & decentralized protocols. The app is live in the App Store (iOS & Android). Get the link to download at https://genesisblock.com/download
Hi everyone, it’s been a difficult few weeks for everyone around the world with a constant barrage of sobering news – from COVID-19 to super cyclonic storms to George Floyd. I hope this update offers some much needed respite. Here’s your week at Parachute + partners (1 May - 7 May'20):submitted by abhijoysarkar to ParachuteToken [link] [comments]
Congratulations to Foo for winning the inaugural Parachute Crypto League (which started last week). New leagues (including ones with $PAR prizes) were added this week. New Parachute league was added as well. How does it work? Click here to find out. Hope you got a chance to partake in the Tiproom giveaway event. Bose hosted a Football-themed trivia in TTR for some sweet $PAR rewards. Noice! Gamerboy’s random quiz for 1k $PAR per question got everyone scratching their heads. Unique and Victor’s trivias were pretty as well. Charlotte changed up the format of standard tiproom quizzes with a new one this week. Cap shared a sneak peek of what’s to come in the next few weeks. New $PAR use-case as well. Plus, latest digestives coming up. The 2FT ongoing theme continued with "videos featuring bands or artists whose name starts with the letters U, V, W, X or Y" this week. Check out all the cool music that got posted from Sebastian’s playlist. Epic gif Peace Love. Haha! Want to get some $PAR for staying in shape during the lockdown? Don’t forget to check out the TTR Pushups Contest. And if you were a fan of Jason’s Financial Fridays in 2gether, stay tuned for next week since it is coming back to Parachute. ParJar is currently at 32k+ users and 1.4M+ tips. Epic!
Jason shared a sneak peek into his computing setup. Pretty cool!
aXpire COO Matthew Markham wrote about the effect of legal billing software on law practice management. The monthly 200k $AXPR burn can be tracked here. 2gether CEO Ramon Ferraz routinely sends out emailers with project updates to all Founders (registered 2gether members). Click here to check out the latest. The crew also compiled a list of 7 books to read in order to learn about cryptocurrencies. Voyager introduced $XRP (Ripple), $EOS, $XLM (Stellar), $OMG (OmiseGO) and $ZRX (0x) to its Interest Program. Read more about it here. They celebrated it with a massive 5k $XRP giveaway along with an interest boost program. CEO Stephen Ehrlich sat down for an interview on Scott Melker’s (The Wolf of All Streets) podcast this week. Stephen was also interviewed by Jason Hartman (host of Creating Wealth Show). Switch released the first set of a 10 part series blog posts this week chronicling the story of the project starting with the beginning, move from Ethershift to Switch, launch of SwitchDex and the various Switch tokens. More to come next week. Fantom submitted a proposal to the MakerDAO community for adding $FTM as a collateral for $DAI. The latest technical update was published as well. The update covers news such as Fantom’s consensus protocol now being compatible to Application BlockChain Interface (ABCI). ABCI allows blockchain "transactions to be processed in any programming language". Saweet! Read more about ABCI compatibility here. The first Uptrennd Halvening ($1UP gets doubly difficult to earn) is expected to happen around the time of bitcoin halvening. Altcoin Buzz talked about it in their latest video. Huge congratulations on crossing 100k members! Uptrennd also announced a Citizenship program aimed at improving the overall quality of posts and comments by offering more giving power to higher ranked members. Jeff also sat down for interviews with Scott Cunningham for BeInCrypto and with Cash Alternative TV this week.
Amazing achievement, Uptrennd!
Following the launch of Pangaea Phase 3 last week, Harmony started an incentivised testnet staking program this week for delegators in partnership with Binance. The April #pow thread (i.e. project updates from April) can be found here. It was also summarised into an article. If you missed last week’s AMA, you can catch up from the transcript. Pangaea Phase 3 testing now has 1k+ validators and delegators. Noice! Part 2 from last week’s smart contract webinar was released. Harmony's Edgar Aroutiounian gave a presentation at Ready Layer One's online conference on BLS Aggregate Signatures. The project joined Indian state Telangana’s Blockchain District Accelerator program T-Block Accelerator as an official platform partner. Cointelegraph covered this news as well. The team also shared the latest updates through a community hangout. IntelliShare founder Raymond Xiong will appear for an AMA with CoinKeeper next week. Elections for the 6th Autonomous Committee started this week. GET Protocol shared their thoughts on how to reopen Dutch museums safely. COTI’s April rewards were distributed. Crypto analysis collective Trade Dog’s in-dept project review was released. Congratulations on getting the highest rating. If you have missed the events of April, the latest newsletter’s got your back. DoYourTip announced a partnership with InFocus Games to have their mascot Tipply as a playable character in the Pathfinders game in the form of an ERC1155 asset. The demo is live already. Have fun gaming! A DYT trading league on Crypto Leagues was started as well.
Harmony’s Pangaea P3 testing turned out to be a success with high participation throughout
Read all about Opacity’s April updates here. District0x’s latest weekly update report can be read here. The latest Hydro blogpost cleared some FAQs about prepaid cards. Community requests for the latest Sentivate update was closed this week. The update includes browser upgrade, devMode toggles etc. The code commits can be tracked on GitHub. Check out how stream and play works here. If you are worried about censorship resistance of the Universal Web, have a read of this tweet thread. Plus, a $BTC giveaway contest was launched by the crew as well. Chief Engagement Officer at OST, Simona Pop, spoke at the first ever Ethereal Virtual Summit this week in addition to speaking at Ready Layer One’s community event (as mentioned in the last update). The SelfKey team explored if there was a causal relationship between developer activity and market cap of a project. The data breach compilation article was updated. The crew will be hosting an AMA next week. The progress report for April was published. Now that Constellation’s Hypergraph Mainnet is live, read all about the current status and what next here. The team sat down for an AMA with KuCoin. The community-built balance-checker lets you look at mainnet wallet balances. The Yazom Mobile app got approved by Google Play. You can register for early access on the website. Blockchain Radio was integrated with CyberFM this week. This means all 17 featured shows and 23 radio hosts of Blockchain Radio will now be available on the CyberFM app.
And with that, we close for another week in the Parachuteverse. See you again with another update. Ciao.
submitted by Kawazor to MtPelerin [link] [comments]
We are very happy to introduce today Bridge Wallet, the non-custodial mobile app that we have created to buy, trade and manage both cryptocurrencies and digital securities the easy way.
Try it out and feel free to post any feedback in comment!
Download on: https://www.mtpelerin.com/bridge-wallet
Here's an overview of key features:
submitted by DAOSquare to u/DAOSquare [link] [comments]
本期 DAOSquare 加密情报的内容包括： V 神关于手机挖矿的吐槽；ETH 2 测试网的启动；Ameem 冷冻精子；两位很棒的加密艺术家；几幅还不错的加密艺术品；NFT 市场报告；闲得蛋疼的 Twitter 艺术等...
Let's get some Crypto Stuff！
🦚ETH2 来啦！！！4月18号 (上周六)，Topaz 测试网正式启动，Topaz 测试网基于最终的 eth2 phase 0 规范构建，Topaz 测试网络由 Prysmatic Labs 构建，任何持有 Goerli 测试 ETH 的人均可以进入尝鲜。
想尝尝 POS 的味道吗？🦀
Mining on phones is a fool's game. Goes against everything we know about hardware economies of scale and more likely to trick users with false hope than help them.
\Staking* on phones, OTOH, is IMO quite promising...*
🦚DeFi 的最新思考4月13号(上周一)，Stefan Ionescu 发表了一篇关于 Reflex-Bonds 的文章，介绍这种新的，重新定义了 DeFi中 “稳定性” 含义的资产类别。对此，MolochDAO 的召唤者 Ameen 力挺道：DeFi 应该使用基于 ETH，信任成本最低的稳定币（但不与美元挂钩）用作抵押品。
🦚Rocket LP DAO 推出基于 ENS 的 NFT 贷款服务4月14号 (上周二)，ENS 的首席运营官 Brantly Millegan 收到了一笔 $1000 的贷款 (以wETH计价) 以支付他梦寐以求的 ENS 域名：brantly.eth。Brantly 需要在90天内 (截止2020年7月14日) 全额偿还这笔贷款以及由此产生的5％的利息。
来自 defirate 的报道
来自 decrypt 的报道
I just jizzed in a little cup. Technically they call it “collecting a sample”, but you know the deal. I had some help from a cute assistant, but the rules said no lube and no saliva, so she just gave me a raw handjob. 8th grade style. I didn’t trust her aim though, so I dealt the finishing blow myself. 5 days of nofap had me feeling explosive, and I only had one…shot.
🦠meme：当疫情过去之后上周有一个很有深度的 meme，对此，0xcat.eth 说到：Just a matter of time...
🦠闲的蛋疼 Twitter 艺术创作为了响应抗疫文化符号🌈的号召，Eric Wall 在 Twitter 进行了艺术创作：
Uniswap = 流动性即协议 Laap - liquidity as a protocol
Tornado = 隐私性即协议 Paap - privacy as a protocol
Maker = 稳定性即协议 Saap - stability as a protocol
Compound = 借贷即协议 Laap - lending as a protocol
David Spinks 抛出一个论点：
How do you explain the difference between a virtual event and a webinar?
webinar = company = past
virtual event = community = future
🌈我超喜欢的艺术家 ZennyanZennyan 将像素艺术妖魔化 (我实在想不出其他的形容方式了) 到了一个独有的境界。它的每一幅画都能让我注视很久，然后遐想 (瞎想) 很久，话不多说，关注他，了解他的世界！
🌈加密艺术家 NellyNelly 的个人签名很有意思：
“The rich got fine art. The people got fine cryptoart.”
不要和 Amazon 比 😂，对于目前的加密市场来说，500 家店铺已经值得我们喝几杯了！期待你们的1000家、10000家、100000家......
minibase 是一个铸造及销售 NFT 的综合平台，minibase 不仅帮助艺术家上架并销售艺术品，还可以用于演出/聚会的门票、游戏道具，甚至晚餐券。
#3100号大楼、#3113号大楼等，其中，两座威廉斯堡储蓄银行大厦分别以 0.5 ETH 和 0.67 ETH 的价格成交。
关于 DAOSquare 加密情报DAOSquare 加密情报是由 Typto 策划，DAOSquare 出品的一份专注于加密世界的周报。我们希望将加密世界那些有趣的东西 (而非千遍一律的热点新闻) 呈现给大家。同时，我们也希望帮助更多还未进入甚至还不知道加密世界的人了解这个新兴的，正在成为主流，并且充满机遇的世界。
欢迎加入 DAOSquare 社区，让我们一起提前进入未来！
Bot Tags: gif - Gunbot The Crypto Bot - A automated crypto trading bot This Pin was discovered by Be Unique365. Discover (and save!) your own Pins on Pinterest. forex trading strategies day trading stocks day trading for beginners trading options trading stocks how to buy stocks penny stocks currency trading forex trading extra income ideas making extra money fast money present ideas ways to make money from home make more money how to earn extra money how to make Due to rising interest in the crypto world, verifying your identity has become a common practice on most cryptocurrency trading sites nowadays, in order to prevent activities such as money… Find GIFs with the latest and newest hashtags! Search, discover and share your favorite Forex GIFs. The best GIFs are on GIPHY. Search results for crypto currency GIFs. Create and share your own crypto currency GIFs, with Gfycat
[index]          
deepTradeBot is a SaaS solution that allows to enhance your crypto trading activities and get passive income from smart AI trading. ... (Turn Your Bitmoji Classroom Scene into a GIF!) - Duration ... 📣 Here are just some of the features I like about 1 click crypto trading: High probable trades DAILY! ... (Turn Your Bitmoji Classroom Scene into a GIF!) - Duration: 14:21. Cash Is NOT King! Get Rich Fast with Cash Flowing Assets Epic Real Estate Investing - Duration: 5:36. Epic Real Estate Investing Recommended for you Funny Gifs - Crypto and Bitcoin - 2019 I'm a little under the weather. So, since I can't make a face-to-face video for you all, Check out these funny crypto and bitcoin gifs! Finxflo is a global cryptocurrency brokerage trading platform. We provide the best prices on digital currencies. Traders leverage market depth & liquidity by accessing 25+ exchanges.