Bitcoin Tops $11.1K; Ether Retailers Like $400 Selections ...

Happy Cakeday, r/NucleusVision! Today you're 3

Let's look back at some memorable moments and interesting insights from last year.
Your top 10 posts:
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Decentr ($DEC) - foundational cross-chain and cross-platform DeFi protocol

  1. SUMMARY
Decentr is a protocol designed to make blockchain/DLT mainstream by allowing DeFi applications built on various blockchains to “talk to each other”. Decentr is a 100% secure and decentralised Web 3.0 protocol where users can apply PDV (personal data value) to increase APR on $DEC that users loan out as part of of our DeFi dLoan features, as well as it being applied at PoS when paying for stuff online. Decentr is also building a BAT competitor browser and Chrome/Firefox extension that acts as a gateway to 100% decentralised Web 3.0
Allows DeFi Dapps to access all Decentr’s dFintech features, including dLoan, dPay. Key innovation is that the protocols is based on a user’s ability to leverage the value of their data as exchangeable “currency”.
  1. KEY CONCEPTS

  1. REVENUE MODEL
A fee is charged for every transaction using dPay whereby an exchange takes place between money (fiat and digital) and data, and vice versa, either as part of DeFi features or via a dApp built on Decentr. They are launching pilot programmes in the following industries:
  1. Banking/PSP Industry: On Product launch, due to Decentr’s powerful PSP connections (including the worlds #2 PSP by volume), a medium-scale pilot program will be launched, which will seed the network with 150,000 PSP customers in primarily the Spanish/LAC markets, generating revenue from day one.
  2. “Bricks and Mortar” Supermarket/Grocery Industry: Decentr aims to ensure the long-term competitiveness of “bricks and mortar” supermarkets against online-only grocery retailers, such as Amazon, by a) building secure tech that allows supermarkets to digitise every aspect of their supply chains and operational functions, while b) allowing supermarkets to leverage this incredibly valuable data as a liquid asset class. Expected revenue by Year 5: $114Mn per year.
  3. Online Advertising Industry: Decentr’s 100% decentralised platform credits users secure data with payable value, in the form of PDV, for engaging with ads. The Brave browser was launched in 2012 and in 8 years has reached over 12 million monthly active users, accented by as many as 4.3 million daily active users.
  4. TOKEN $DEC AND SALE
Decentr recently complete their token sale on a purchase portal powered by Dolomite where they raised $974,000 in 10 minutes for a total sale hardcap of 1.25M. The $DEC token is actively trading on multiple exchanges including Uniswap and IDEX. Listed for free on IDEX, Hotbit, Hoo, Coinw, Tidex, BKex. Listed on CoinGecko and Coinmarketcap. Listed on Delta and Blockfolio apps.
➡️ Circulating supply: 61m $DEC.
➡️ Release schedule and token distribution LINK -> NO RELEASE UNTIL 2021.
➡️Contract Address - 0x30f271C9E86D2B7d00a6376Cd96A1cFBD5F0b9b3
➡️Decimals - 18, Ticker - DEC
➡️Uniswap link: https://uniswap.info/pai0x3AEEE5bA053eF8406420DbC5801fC95eC57b0E0A
⭐️ HOW TO BUY VIDEO: https://www.youtube.com/watch?v=iloAiv2oCRc&feature=youtu.be
$DEC Token utility:
A tradeable unit of value that is both internal and external to the Decentr platform.A unit of conversion between fiat entering and exiting the Decentr ecosystem.A way to capture the value of user data and combines the activity of every participant of the platform performing payment (dPay), or lending and borrowing (dLend), i.e a way to peg PDV to tangible/actionable value.Method of payment in the Decentr ecosystem.A method to internally underwrite the “Deconomy.
  1. NOTABLE SUPPORTERS
Simon Dedic - chief of Blockfyre: https://twitter.com/scoinaldo/status/1283787644221218817?s=20https://twitter.com/scoinaldo/status/1283719917657894912?s=21
Spectre Group Pick : https://twitter.com/SPECTREGRP/status/1284761576873041920https://twitter.com/llluckyl/status/1283765481716015111?s=21
Patrons of the Moon/Lil Uzi: https://t.me/patronsofthemoon/6764
CryptoGems: https://twitter.com/cryptogems_com/status/1283719318379925506?s=09t
tehMoonwalker pick who is a TOP 5 influencer per Binance:https://twitter.com/tehMoonwalkestatus/1284123961996050432?s=20https://twitter.com/binance/status/1279049822113198080
Holochain was one of their earliest supporters and they share a deep connection (recently an AMA was conducted in their TG group): https://medium.com/@DecentrNet/decentr-holochain-ama-29d662caed03
  1. UPCOMING NEWS
--------------------------------------------
  1. RESOURCES:
Website: https://decentr.net
Telegram: https://t.me/DecentrNet
Medium: https://medium.com/@DecentrNet
Twitter: https://twitter.com/DecentrNet
Whitepaper: https://decentr.net/files/Decentr_Whitepaper_V1.4.pdf
Technical Whitepaper: https://decentr.net/files/Decentr_Technical_Whitepaper_Data_As_Economic_Currency.pdf
Recent Articles:
⚡️- https://medium.com/@DecentrNet/decentr-token-sale-metrics-and-distribution-483bb3c58d05
⚡️- https://medium.com/@DecentrNet/how-decentrs-defi-dloan-function-benefits-dec-holders-97ff64a0c105
⚡️- https://medium.com/@DecentrNet/3-vertical-revenue-streams-decentr-is-targeting-4fa1f3dd62de
⚡️- https://medium.com/@DecentrNet/brave-browser-the-good-the-bad-and-the-fundamentally-misguided-8a8593b0ff5b
⚡️- https://medium.com/@DecentrNet/how-decentrs-dfintech-replaces-swift-sct-inst-clearing-house-and-other-payment-solutions-78acacbb4c3f
Chad Gang STRONG Community: https://t.me/decentrtrading
Community News Channel: https://t.me/chadnews
Recent Uniswap trades: https://t.me/dectrades
Wallet holder tracker: https://t.me/DEC_WALLETS_COUNT
submitted by ldd999 to CryptoMoonShots [link] [comments]

Venezuela update. 446 BTC were traded using LocalBitcoin last week, buying BTC with Bs. and selling BTC for Bs. (Bolivares, Venezuelan "official" currency). These 446 BTC were 1,482,000,00,000 Bs. (Bolivares, ATH). One BTC is around 3,650,000,000 Bs. Monthly minimum wage is around 2.5 USD

Just updating this week number, looks like this month we will be slightly under 2000 BTC. I post this so people know what is going on here with crypto.
The is a retail store where you can purchase anything using cryptos, it is called Traki
https://finance.yahoo.com/news/venezuela-largest-retail-chain-1-213556131.html
UsefulTulips gives a monthly amount but in USD, around 5 USD millions weekly.
This is only measured using LocalBitcoin, there are other exchanges like AIRTM, Uphold, Binance and so on, but no open data as far as I know. Most of the Localbitcoin trades are in Bolivares (BTC to BS and BS to BTC).
Here are more stats https://www.usefultulips.org/combined_VES_Page.html
I recommend reading this website, it is one of the best english websites for Venezuela news (they sometimes touch the crypto and economic situation).
https://www.caracaschronicles.com/
The average income of the Venezuela is 0.72 USD daily (2020 numbers).
https://www.caracaschronicles.com/2020/07/08/yes-venezuela-is-now-the-poorest-country-in-the-americas/
Any question let me know, AMA. But check my links and sources first.
Sources:
https://orinocotribune.com/comprehensive-minimum-wage-increase-by-78-in-venezuela/
https://www.npr.org/sections/goatsandsoda/2019/09/06/757822363/a-doctor-or-nurse-might-earn-6-a-month-in-venezuela-if-theyre-lucky
https://coin.dance/volume/localbitcoins/VES/BTC
LBTC listings https://localbitcoins.com/buy-bitcoins-online/ves/
submitted by WorkingLime to Bitcoin [link] [comments]

HOW INDIVIDUALS INVEST IN BITCOIN

HOW INDIVIDUALS INVEST IN BITCOIN

Why Individuals Face Investment Risks When Investing in the Bitcoin Market


https://preview.redd.it/f49awic2dep51.jpg?width=1920&format=pjpg&auto=webp&s=cb17705025670123fdd792d219a14e1b39d827a9
There are several options available to individual investors who are seeking exposure to Bitcoin. Individuals usually buy Bitcoin with a credit or debit card, using online fiat to crypto services and cryptocurrency exchanges such as Coinbase and Binance. Based on our observations, individuals invest in Bitcoin mostly because of speculative expectations and cannot always properly manage the inherent investment risk.
Retail investors who are seeking to buy Bitcoin face challenges such as undeveloped crypto market infrastructure and complexity of the blockchain technology. They typically are not able to define a proper investment strategy and the optimal portfolio allocation to the new asset class. Therefore, they need professional assistance in making informed investment decisions.

Financial Professionals in the Bitcoin Market


https://preview.redd.it/kuyi5iz4dep51.jpg?width=810&format=pjpg&auto=webp&s=c9318ee07ac07e9cec7d78f72f49c207c3ac2d21
Financial advisors are still hesitant to enter the crypto market because of the lack of clear regulations and reliable valuation models. In addition, financial advisors still do not have sufficient knowledge of the crypto market infrastructure and basic blockchain expertise to explain their clients how digital assets such as Bitcoin work and the pros and cons of purchasing them.
Ironically, current securities laws and SEC regulations do not allow individuals to invest in Bitcoin through professional investment managers such as crypto hedge funds. This happens because only “accredited investors” are allowed to invest in private investment funds and they have to meet relatively high minimum networth or income requirements. For example, individual investors need to have net worth of at least $1,000,000 and permanent income at least $200,000 or $300,000 combined income if married, to qualify as “accredited investors”.
You can learn more about Bitcoin investment products and strategies here.
Legal Disclosure: The information contained in this article is the property of Digital Finance LLC and cannot be republished without our prior permission.
Digital Finance is a Washington, DC, financial company that specializes exclusively in the Bitcoin market. We provide easy and compliant exposure to digital assets and help our customers from all over the world to instantly buy Bitcoin and earn up to 6% annually on their Bitcoin holdings.
submitted by MaximNurov to u/MaximNurov [link] [comments]

Crypto Weekly News — September, 11

What important crypto events happened last week?
Cryptocurrencies
VeChain: New Consensus Algorithm Offers Strong Performance And Security
The VeChainThor blockchain will receive a new consensus algorithm called SURFACE or Proof of Authority 2.0 (PoA 2.0). The double consensus model gives users the ability to choose different levels of security for their transactions.
Chainlink Surges 25% Higher As Altcoin Market Recovers
Some altcoins have suffered in the past few days, dropping significantly from their recent highs. During this time, LINK underwent a strong leap that lifted the cryptocurrency by 25%. Analysts are divided on what comes next with Chainlink.
Monero Is Traceable Using New CipherTrace Tool
Analyst firm CipherTrace has unveiled a first-of-its-kind tool for tracking transaction flows in Monero (XMR) at the request of the US Department of Homeland Security. The new tool will allow tracking of stolen coins and those used for illegal transactions.
Updates
MetaMask Has Launched Its Ethereum Wallet For iOS And Android
Starting September 4, Android and iOS users are required to download a full mobile version with the ability to interact with dApps. To synchronize history and import existing wallets, the user just needs to scan the QR code.
Crypto Exchange Bitstamp Exploring 25 New Tokens For Listing
The list, published on September 3, includes Augur (REP), Maker (MKR), Polkadot (DOT), Chainlink (LINK), Tezos (XTZ), Cardano (ADA), Kyber Network (KNC) and others. Bitstamp is known for its extremely conservative approach to the listing of new coins. The marketplace currently supports only seven crypto assets.
OKEx Officially Ranked The World’s Largest Crypto Derivatives Exchange
CoinDesk Research analyzed and evaluated data from CoinGecko, according to which the value of outstanding contracts on OKEx at the end of last month was $1.6 billion, making it the largest crypto derivatives exchange in the world.
Binance Launches DeFi-Styled Automated Market Maker Pool
Binance Liquid Swap is based on a variety of liquidity pools, allowing crypto assets to be swapped using the Automatic Market Maker (AMM) pricing algorithm instead of the order book. This guarantees price stability and lower transaction fees. The new trading feature allows users to pool tokens for instant liquidity and earnings.
Law, Cybercrimes, Mass Adoption
Mastercard Releases Platform Enabling Central Banks To Test Digital Currencies
The project is a controlled environment in which banks can simulate the issuance of national digital currencies. The result will be an assessment of their compatibility with the existing payment ecosystem and the practicality of using CBDC.
Eterbase: A New Attack On A Crypto Exchange
On September 8, unknown persons hacked Eterbase cryptocurrency exchange located in Slovakia. The site announced the loss of user funds in Bitcoin, Ethereum, Tron, XRP, Tezos, and Algorand totaling over $5.3 million. Representatives of Eterbase said that they contacted all centralized exchanges to which the stolen funds were sent.
US Crypto Adoption Rate Lags Behind Russia and China
Recent data showed an astonishing first place for Ukraine in the 2020 Global Adoption Index, followed by Russia and Venezuela. The index considers the total cost of online transactions, the cost of online retail transfers, and the number of cryptocurrency deposits online. The index also takes into account the volume of transactions made on P2P cryptocurrency exchanges.
Just Eat In France Accepts Bitcoin, Bitcoin Cash And Ethereum
The integration of cryptocurrencies into more than 15,000 restaurants in France was carried out through the Bitpay payment service. This initiative can promote the use of cryptocurrencies among the general public in a more democratic manner. Bitcoin conversion will be carried out in accordance with Bitpay's own quotes.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to u/CoinjoyAssistant [link] [comments]

Crypto Weekly News — September, 11

What important crypto events happened last week?

Cryptocurrencies

VeChain: New Consensus Algorithm Offers Strong Performance And Security
The VeChainThor blockchain will receive a new consensus algorithm called SURFACE or Proof of Authority 2.0 (PoA 2.0). The double consensus model gives users the ability to choose different levels of security for their transactions.
Chainlink Surges 25% Higher As Altcoin Market Recovers
Some altcoins have suffered in the past few days, dropping significantly from their recent highs. During this time, LINK underwent a strong leap that lifted the cryptocurrency by 25%. Analysts are divided on what comes next with Chainlink.
Monero Is Traceable Using New CipherTrace Tool
Analyst firm CipherTrace has unveiled a first-of-its-kind tool for tracking transaction flows in Monero (XMR) at the request of the US Department of Homeland Security. The new tool will allow tracking of stolen coins and those used for illegal transactions.

Updates

MetaMask Has Launched Its Ethereum Wallet For iOS And Android
Starting September 4, Android and iOS users are required to download a full mobile version with the ability to interact with dApps. To synchronize history and import existing wallets, the user just needs to scan the QR code.
Crypto Exchange Bitstamp Exploring 25 New Tokens For Listing
The list, published on September 3, includes Augur (REP), Maker (MKR), Polkadot (DOT), Chainlink (LINK), Tezos (XTZ), Cardano (ADA), Kyber Network (KNC) and others. Bitstamp is known for its extremely conservative approach to the listing of new coins. The marketplace currently supports only seven crypto assets.
OKEx Officially Ranked The World’s Largest Crypto Derivatives Exchange
CoinDesk Research analyzed and evaluated data from CoinGecko, according to which the value of outstanding contracts on OKEx at the end of last month was $1.6 billion, making it the largest crypto derivatives exchange in the world.
Binance Launches DeFi-Styled Automated Market Maker Pool
Binance Liquid Swap is based on a variety of liquidity pools, allowing crypto assets to be swapped using the Automatic Market Maker (AMM) pricing algorithm instead of the order book. This guarantees price stability and lower transaction fees. The new trading feature allows users to pool tokens for instant liquidity and earnings.

Law, Cybercrimes, Mass Adoption

Mastercard Releases Platform Enabling Central Banks To Test Digital Currencies
The project is a controlled environment in which banks can simulate the issuance of national digital currencies. The result will be an assessment of their compatibility with the existing payment ecosystem and the practicality of using CBDC.
Eterbase: A New Attack On A Crypto Exchange
On September 8, unknown persons hacked Eterbase cryptocurrency exchange located in Slovakia. The site announced the loss of user funds in Bitcoin, Ethereum, Tron, XRP, Tezos, and Algorand totaling over $5.3 million. Representatives of Eterbase said that they contacted all centralized exchanges to which the stolen funds were sent.
US Crypto Adoption Rate Lags Behind Russia and China
Recent data showed an astonishing first place for Ukraine in the 2020 Global Adoption Index, followed by Russia and Venezuela. The index considers the total cost of online transactions, the cost of online retail transfers, and the number of cryptocurrency deposits online. The index also takes into account the volume of transactions made on P2P cryptocurrency exchanges.
Just Eat In France Accepts Bitcoin, Bitcoin Cash And Ethereum
The integration of cryptocurrencies into more than 15,000 restaurants in France was carried out through the Bitpay payment service. This initiative can promote the use of cryptocurrencies among the general public in a more democratic manner. Bitcoin conversion will be carried out in accordance with Bitpay's own quotes.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to u/CoinjoyAssistant [link] [comments]

Crypto Weekly News — September, 11

What important crypto events happened last week?

Cryptocurrencies

VeChain: New Consensus Algorithm Offers Strong Performance And Security
The VeChainThor blockchain will receive a new consensus algorithm called SURFACE or Proof of Authority 2.0 (PoA 2.0). The double consensus model gives users the ability to choose different levels of security for their transactions.
Chainlink Surges 25% Higher As Altcoin Market Recovers
Some altcoins have suffered in the past few days, dropping significantly from their recent highs. During this time, LINK underwent a strong leap that lifted the cryptocurrency by 25%. Analysts are divided on what comes next with Chainlink.
Monero Is Traceable Using New CipherTrace Tool
Analyst firm CipherTrace has unveiled a first-of-its-kind tool for tracking transaction flows in Monero (XMR) at the request of the US Department of Homeland Security. The new tool will allow tracking of stolen coins and those used for illegal transactions.

Updates

MetaMask Has Launched Its Ethereum Wallet For iOS And Android
Starting September 4, Android and iOS users are required to download a full mobile version with the ability to interact with dApps. To synchronize history and import existing wallets, the user just needs to scan the QR code.
Crypto Exchange Bitstamp Exploring 25 New Tokens For Listing
The list, published on September 3, includes Augur (REP), Maker (MKR), Polkadot (DOT), Chainlink (LINK), Tezos (XTZ), Cardano (ADA), Kyber Network (KNC) and others. Bitstamp is known for its extremely conservative approach to the listing of new coins. The marketplace currently supports only seven crypto assets.
OKEx Officially Ranked The World’s Largest Crypto Derivatives Exchange
CoinDesk Research analyzed and evaluated data from CoinGecko, according to which the value of outstanding contracts on OKEx at the end of last month was $1.6 billion, making it the largest crypto derivatives exchange in the world.
Binance Launches DeFi-Styled Automated Market Maker Pool
Binance Liquid Swap is based on a variety of liquidity pools, allowing crypto assets to be swapped using the Automatic Market Maker (AMM) pricing algorithm instead of the order book. This guarantees price stability and lower transaction fees. The new trading feature allows users to pool tokens for instant liquidity and earnings.

Law, Cybercrimes, Mass Adoption

Mastercard Releases Platform Enabling Central Banks To Test Digital Currencies
The project is a controlled environment in which banks can simulate the issuance of national digital currencies. The result will be an assessment of their compatibility with the existing payment ecosystem and the practicality of using CBDC.
Eterbase: A New Attack On A Crypto Exchange
On September 8, unknown persons hacked Eterbase cryptocurrency exchange located in Slovakia. The site announced the loss of user funds in Bitcoin, Ethereum, Tron, XRP, Tezos, and Algorand totaling over $5.3 million. Representatives of Eterbase said that they contacted all centralized exchanges to which the stolen funds were sent.
US Crypto Adoption Rate Lags Behind Russia and China
Recent data showed an astonishing first place for Ukraine in the 2020 Global Adoption Index, followed by Russia and Venezuela. The index considers the total cost of online transactions, the cost of online retail transfers, and the number of cryptocurrency deposits online. The index also takes into account the volume of transactions made on P2P cryptocurrency exchanges.
Just Eat In France Accepts Bitcoin, Bitcoin Cash And Ethereum
The integration of cryptocurrencies into more than 15,000 restaurants in France was carried out through the Bitpay payment service. This initiative can promote the use of cryptocurrencies among the general public in a more democratic manner. Bitcoin conversion will be carried out in accordance with Bitpay's own quotes.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to btc [link] [comments]

List of bitcoin person-to-person (P2P) bitcoin exchanges (e.g., Bisq, HodlHodl, LocalCoinSwap, etc.)

Following is a list of P2P exchanges for trading Bitcoin. Common payment methods include bank transfer, cash deposited in the seller's bank account, in-person cash (face-to-face) trades as well as payment networks such as Zelle, Alipay, even Cash App and PayPal, for example.
Any that I am missing?
Altcoin-only P2P Trading exchanges
AggregatoSearch and Helper Sites
Note: If you use one of the above P2P OTC trade "matchmaking" services, please trade with caution and do your own due diligence.
This list does not include exchanges not in English (e.g., 58Coin), deserted or defunct marketplaces (e.g., Cancoin, and Rahakott), not-yet launched (e.g., OTCBoss), ones that operate only through dark markets, or online-only DEX/decentralized exchanges (another list of DEXes).
Also, there are a number of variants that I didn't list:
Otherwise, there are a number of other exchanges — with varying attributes. We recommended trying to stick with No-KYC exchanges, including most of the ones listed on:
Additions, corrections, and other feedback welcome and can be submitted as an issue or pull request on GitHub, or via e-mail.
[Note: There is also a corresponding post on Medium with this information as well.]
submitted by cointastical to Bitcoin [link] [comments]

Cryptomarketing in 2020: successful application of strategies from MLM and the beauty industry

Cryptomarketing in 2020: successful application of strategies from MLM and the beauty industry

Cryptomarketing in 2020: successful application of strategies from MLM and the beauty industry
Over the past decade, the crypto-industry has proven to be a unique industry with a specific audience, which requires a no less specific approach. In this regard, in 2020, the advertising activity of crypto companies is significantly different from that to which banks and various financial companies resort. Industry leaders prefer not to rely on traditional online advertising on Facebook, Instagram and YouTube. They follow a different path: they work with bloggers (opinion leaders and influencers), rely on MLM marketing referral programs and actively organize various contests and sweepstakes with generous prize pools. The CoinDesk portal claims that crypto marketing this year is strikingly reminiscent of marketing in the beauty industry, and here it is no less effective.

General concept

Michelle Fan, a blogger with a million YouTube subscribers, is using the same techniques to spread skin care life hacks and the idea of financial freedom through bitcoins. Moreover, she assures that the leaders of the crypto industry, like her, use marketing schemes from the beauty industry, even if they themselves do not know about it.
Both areas prefer to use the DTC (Direct to Customer) business scheme, independently creating and then promoting and selling goods / services, working as closely as possible with the community. Sales are built through aggregated retail platforms like Amazon, Etsy and Shopify, or even through accounts in popular social networks.
Industry leaders in developing countries often resort to the latter option, where large sites like Amazon simply don’t work or aren’t popular. For example, Michelle Haber, a bitcoin maximalist from Libya, made it clear in CoinDesk’s comment that social networks and chats are today the most effective way to distribute goods / services in crypto topics. He said that local traders in order to “educate” the audience help buy hardware wallets, selling them through groups on social networks. Buying yourself Trezor or Ledger in another way is often simply impossible.

Work with opinion leaders

Michelle Fan is not the only person from the crypto-community who notices the similarities with the beauty industry. So, Maria Paula Fernandez, who actively uses the services of the DeFi sector and is seriously interested in the topic of skin care, gave the CoinDesk portal a similar comment.
She notes that in both cases, society has become accustomed to relying on the opinion of society itself, rather than trusting the views of the world’s leading media. Therefore, in both sectors, the so-called influencers are very popular — opinion leaders and bloggers who disseminate information among their audience on YouTube, Instagram, TikTok and other social networks, receiving a reward for this.
Crypto-companies very often, like firms from the beauty industry, provide their products to opinion leaders for review and further “instruction” of their subscribers. Maria Paula Fernandez does not see anything shameful in this. Observing the experience of bloggers, subscribers begin to acquire a kind of crypto-education and disseminate the information through the word of mouth. Thus, the crypto-community grows.
The most successful bloggers over time can count on sponsorship from one or another crypto company.
For example, the podcaster Marty Bent, whose show is now funded by Unchained Capital and Square, the developer of Cash App, witnessed this scenario. The latter, by the way, in addition to Bent sponsor also podcast Joe Rogan and rapper Lil B.
Many other large companies, including the Kraken exchange, have resorted to this strategy. They are just as interested in sponsoring reputable content creators who promote products among loyal subscribers. The U.S. exchange sponsors the Reckless VR crypto start-up, founded by Udi Wertheimer for crypto-conferences in virtual reality, and the famous podcast Peter McCormack, who launched his own media brand Defiance last year. Having started his career as a hobby, McCormack turned it into a business of his life, thanks to which he earned about $1 million for 2019.
With all this, working with bloggers is a great opportunity to enter foreign markets. This is understood at Crypto.com, where they use opinion leaders to attract the Russian-speaking and Turkish-speaking community. Does this approach give a result? Judge for yourself: over the past six months, the number of startup users has doubled and currently stands at more than 2 million people.

Referral Bonuses and MLM Marketing

The development of products within the community often turns into MLM marketing strategies, which require the presence of referral bonuses and bonuses “in depth” — favorite schemes of cosmetic brands. They use a multi-level reward system for attracting partners, where you can usually get a bonus not only for personally invited, but also for “friends of friends and their friends”. Thus, opinion leaders who distribute crypto products often receive a portion of the funds that people invited by them will pay for the product / service.
The relevance and effectiveness of the trend is confirmed by the fact that these methods are not shy to use not only crypto start-ups, but also top cryptocurrency companies, widely known throughout the industry. A prime example is SatoshiLabs, a company that manufactures and distributes Trezor wallets. The head of communications, Iva Fizerova, confirmed that she is actively resorting to “affiliate marketing” with bloggers as an alternative to paying them for direct advertising.
No less vivid examples are the largest crypto exchanges Binance and Gemini, which managed to succeed not without the help of referral systems copied from the multi-level marketing campaigns Avon and Mary Kay, which they have been using for decades.
Instagram blogger Chjango Unchained has been earning good bonuses for several months running after posting a referral link to Gemini on her profile. When her subscribers register on the exchange and buy cryptocurrencies worth more than $100, she receives $10 in BTC. According to her, she is doing a good deed. The blogger wants people who are interested in her opinion on digital money to start their crypto path on Gemini, and not, for example, on Coinbase, because the latter charges “crazy commissions”.
Referral system bonuses are a typical phenomenon for many crypto companies, and successful bloggers are happy to use this. A prime example is Michael Gu, known by the pseudonym Boxmining. It has been distributing information about digital money since 2012, having gathered an audience of more than 200,000 subscribers on YouTube and more than 3,500 participants in Telegram chat during this time.
Despite the fact that the manufacturer of hardware wallets Ledger does not sponsor its activities, it places referral links in the video descriptions and collects voluntary donations from subscribers. As you might guess, he feels rather well. At the same time, he emphasized that user activity during the coronavirus pandemic is only growing, especially after YouTube began to put sticks in the wheels of the creators of crypto-content.

Gifts, contests and sweepstakes

Making a small gift is a great way to introduce an audience to a new product. In the cryptocurrency market, this has long been relevant.
Coin creators eagerly carry out airdrops and bounty campaigns, allowing the crypto community to test the new coin. A similar approach is popular in the beauty industry. Samplers of perfumes and branded magazines with smells have led many girls to buy full-fledged versions of the fragrance.
In addition to the cryptocurrency developers themselves, a similar approach is also used by cryptocompanies of a different direction, which cannot conduct airdrops due to their technical features (for example, this is true for manufacturers of hardware wallets). Therefore, they organize more classic contests and sweepstakes. For example, they play a wallet for reposting on social networks or videos published on YouTube.
It is noteworthy that cryptobrands in this area are even more active than cosmetics manufacturers. They work not only with trusted bloggers with many subscribers, but also help to become less “untwisted” users. Therefore, they periodically assist them in organizing draws in order to attract subscribers who could potentially become new customers.
Iva Fizerova from SatoshiLabs confirmed that Trezor manufacturers periodically help users attract new followers through the distribution of gifts. Moreover, this approach brings excellent results. By working with the community this way, they have managed to sell hundreds of thousands of wallets. But most importantly, a reputation of the brand has formed around the product, warmly received by the audience. And this effect is so strong that the company simply does not see the point in spending money on traditional expensive advertising.
Most importantly, despite all the problems of 2020, including the coronavirus pandemic, which seriously hit the global economy and, accordingly, people’s wallets, demand for products did not fall. This approach remains effective, while the percentage of successful conversions in traditional advertising has probably decreased. Fizerova noted that over the past three months they have recorded a steady increase in demand for goods. Moreover, they even had to solve delivery problems, if only the buyers got the desired devices in a timely manner.
A similar approach and results are observed with other manufacturers of hardware wallets. Thus, Rodolfo Novak, co-founder of Coinkite, confirmed the growth in demand for products, despite the pandemic. Working with the community is their main marketing strategy, because it really gives results. Over the past three years, they donated about 50 wallets to YouTube reviewers. Novak is proud that their “users help other users.” According to him, this approach allows you to sell products at a lower price, since the cost of goods does not include high costs for familiar marketing campaigns.

Are marketing strategies effective? More than

The cryptocurrency market relies on marketing strategies that have established themselves in the beauty industry, which in the new field are no less effective. Maximum performance is achieved with a killer combination of all three of the above methods. It’s about when the founders of cryptocompanies themselves become opinion leaders. Just look at Changpen Zhao, the head of Binance, or Justin Sun, the project manager of TRON. Both entrepreneurs are bloggers with a huge army of subscribers and are personally engaged in the promotion of their brands, regularly rewarding their audience with pleasant gifts.
It’s easy to guess why industry leaders rely mainly on this type of marketing. Advertising products in the traditional way is expensive, especially for startups, behind which there are still no attractive products with a good reputation. But more importantly, crypto products are quite complex in themselves, so they often need detailed explanations, which are difficult to implement in the framework of traditional advertising. Agree that selling a bottle of Fanta with a new taste is much easier than a hardware cryptocurrency wallet, especially since most people don’t understand what it is.
On top of that, regular advertising is complicated by the fact that media giants regularly block crypto content.
In such a situation, marketing borrowed from the beauty industry seems to be the most acceptable and most effective option. By focusing their marketing budgets on opinion leaders and working with the community, cryptocompanies achieve the desired result, even taking into account the coronavirus pandemic. The crypto community is getting bigger and stronger every day. But the best part is that this growth cannot be stopped.
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Staking in Ethereum 2.0: when will it appear and how much can you earn on it?

Staking in Ethereum 2.0: when will it appear and how much can you earn on it?

Staking in Ethereum 2.0: when will it appear and how much can you earn on it?

Why coin staking will be added in Ethereum 2.0

A brief educational program for those who do not follow the update of the project of Vitalik Buterin. Ethereum has long been in need of updating, and the main problem of the network is scalability: the blockchain is overloaded, transactions are slowing down, and the cost of “gas” (transaction fees) is growing. If you do not update the consensus algorithm, then the network will someday cease to be operational. To avoid this, developers have been working for several years on moving the network from the PoW algorithm to state 2.0, running on PoS. This should make the network more scalable, faster and cheaper. In December last year, the first upgrade phase, Istanbul, was implemented in the network, and in April of this year, the Topaz test network with the possibility of staking was launched - the first users already earned 1%. In the PoS algorithm that Ethereum switches to, there is no mining, and validation occurs due to the delegation of user network coins to the masternodes. For the duration of the delegation, these coins are frozen, and for providing their funds for block validation, users receive a portion of the reward. This is staking - such a crypto-analogue of a bank deposit. There are several types of staking: with income from dividends or masternodes, but not the device’s power, as in PoW algorithms, but the number of miner coins is important in all of them. The more coins, the higher the income. For crypto investors, staking is an opportunity to receive passive income from blocked coins. It is assumed that the launch of staking:
  • Will make ETH mining more affordable, but less resource intensive;
  • Will make the network more secure and secure - attacks will become too expensive;
  • Will create an entirely new sector of steak infrastructure around the platform;
  • Provides increased scalability, which will create the opportunity for wider implementation of DeFi protocols;
  • And, most importantly, it will show that Ethereum is a developing project.

The first payments to stakeholders will be one to two years after the launch of the update

The minimum validator steak will be 32 ETN (≈$6092 for today). This is the minimum number of coins that an ETH holder must freeze in order to qualify for payments. Another prerequisite is not to disconnect your wallet from the network. If the user disconnects and goes into automatic mode, he loses his daily income. If at some point the steak drops below 16 ETH, the user will be deprived of the right to be a validator. The Ethereum network has to go through many more important stages before coin holders can make money on its storage. Collin Myers, the leader of the product strategy at the startup of the Ethereum developer ConsenSys, said that the genesis block of the new network will not be mined until the total amount of frozen funds reaches 524,000 ETN ($99.76 million at the time of publication). So many coins should be kept by 16,375 validators with a minimum deposit of 32 ETN. Until this moment, none of them will receive a percentage profit. Myers noted that this event is not tied to a clear time and depends on the activity of the community. All validators will have to freeze a rather significant amount for an indefinite period in the new network without confidence in the growth of the coin rate. It’s hard to say how many people there are. The developers believe that it will take 12−18 or even 24 months. According to the latest ConsenSys Codefi report, more than 65% of the 300 ETH owners surveyed plan to use the staking opportunity. This sample, of course, is not representative, but it can be assumed that most major coin holders will still be willing to take a chance.

How much can you earn on Ethereum staking

Developers have been arguing for a long time about what profitability should be among the validators of the Ethereum 2.0 network. The economic model of the network maintains an inflation rate below 1% and dynamically adjusts the reward scale for validators. The difficulty is not to overpay, but not to pay too little. Profitability will be variable, as it depends on the number and size of steaks, as well as other parameters. The fewer frozen coins and validators, the higher the yield, and vice versa. This is an easy way to motivate users to freeze ETN. According to the October calculations of Collin Myers, after the launch of Ethereum 2.0, validators will be able to receive from 4.6% to 10.3% per annum as a reward for their steak. At the summit, he clarified that the first time after the launch of the Genesis block, it can even reach 20.3%. But as the number of steaks grows, profitability will decline. So, with five million steaks, it drops to about 6.6%. The above numbers are not net returns. They do not include equipment and electricity costs. According to Myers, after the Genesis block, the costs of maintaining the validator node will be about 4.75% of the remuneration. They will continue to increase as the number of blocked coins increases, and with a five millionth steak, they will grow to about 14.7%. Myers emphasized that profitability will be higher for those who will work on their own equipment, rather than relying on cloud services. The latter, according to his calculations, at current prices can bring a loss of up to minus 15% per year. This, he believes, promotes true decentralization. At the end of April, Vitalik Buterin said that validators will be able to earn 5% per annum with a minimum stake of 32 ETH - 1.6 ETH per year, or $ 304 at the time of publication. However, given the cost of freezing funds, the real return will be at 0.8%.

How to calculate profitability from ETN staking

The easiest way to calculate the estimated return for Ethereum staking is to use a special calculator. For example, from the online services EthereumPrice or Stakingrewards. The service takes into account the latest indicators of network profitability, as well as additional characteristics: the time of operation of a node in the network, the price of a coin, the share of blocked ETNs and so on. Depending on these values, the profit of the validator can vary greatly. For example, you block 32 ETNs at today's coin price - $190, 1% of the coins are blocked, and the node works 99% of the time. According to the EthereumPrice calculator, in this case your yield will be 14.25% per annum, or 4.56 ETH.
Validator earnings from the example above for 10 years according to EthereumPrice.
If to change the data, you have the same steak, but the proportion of blocked coins is 10%. Now your annual yield is only 4.51%, or 1.44 ETH.
Validator earnings from the second example over 10 years according to EthereumPrice.
It is important that this is profitability excluding expenses. Real returns will be significantly lower and in the second case may be negative. In addition, you must consider the fluctuation of the course. Even with a yield of 14% per annum in ETN, dollar-denominated returns may be negative in a bear market.

When will the transition to Ethereum 2.0 start

Ben Edgington from Teku, the operator of Ethereum 2.0, at the last summit said that the transition to PoS could be launched in July this year. These deadlines, if there are no new delays, were also mentioned by experts of the BitMEX crypto exchange in their recent report on the transition of the Ethereum ecosystem to stage 2.0. However, on May 12, Vitalik Buterin denied the possibility of launching Ethereum 2.0 in July. The network is not yet ready and is unlikely to be launched before the end of the year. July 30 marks the 5th anniversary of the launch of Ethereum. Unfortunately, it seems that it will not be possible to start the update for the anniversary again. Full deployment of updates will consist of several stages. Phase 0. Beacon chain. The "zero" phase, which can be launched in July this year. In fact, it will only be a network test and PoS testing without economic activity, but it will use new ETN coins and the possibility of staking will appear. The "zero" phase will test the first layer of Ethereum 2.0 architecture - Lighthouse. This is the Ethereum 2.0 client in Rust, developed back in 2018. Phase 1. Sharding - rejection of full nodes in favor of load balancing between all network nodes (shards). This should increase network bandwidth and solve the scalability problem. This is the first full phase of Ethereum 2.0. It will initially be deployed with 64 shards. It is because of sharding that the transition of a network to a new state is so complicated - existing smart contracts cannot be transferred to a new network. Therefore, at first, perhaps several years, both networks will exist simultaneously. Phase 2. State execution. In this phase, various applications will work, and it will be possible to conclude smart contracts. This is a full-fledged working Ethereum 2.0 network. After the second phase, two networks will work in parallel - Ethereum and Ethereum 2.0. Coin holders will be able to transfer ETN from the first to the second without the ability to transfer them back. To stimulate network support, coin emissions in both networks will increase until they merge. Read more about the phases of transition to state 2.0 in the aforementioned BitMEX report.

How the upgrade to Ethereum 2.0 will affect the staking market and coin price

The transition of the second largest coin to PoS will dramatically increase the stake in the market. The deposit in 32 ETH is too large for most users. Therefore, we should expect an increase in offers for staking from the exchanges. So, the launch of such a service in November was announced by the largest Swiss crypto exchange Bitcoin Suisse. She will not have a minimum deposit, and the commission will be 15%. According to October estimates by Binance Research analysts, the transition of Ethereum to stage 2.0 can double the price of a coin and the stake of staking in the market, and it will also make ETH the most popular currency on the PoS algorithm. Adam Cochran, partner at MetaCartel Ventures DAO and developer of DuckDuckGo, argued in his blog that Ethereum's transition to state 2.0 would be the “biggest event” of the cryptocurrency market. He believes that a 3–5% return will attract the capital of large investors, and fear of lost profit (FOMO) among retail investors will push them to actively buy coins. The planned coin burning mechanism for each transaction will reduce the potential oversupply. However, BitMEX experts in the report mentioned above believe that updating the network will not be as important an event as it seems to many, and will not have a significant impact on the coin rate and the staking market. Initially, this will be more likely to test the PoS system, rather than a full-fledged network. There will be no economic activity and smart contracts, and interest for a steak will not be paid immediately. Therefore, most of the economic activity will continue to be concluded in the original Ethereum network, which will work in parallel with the new one. Analysts of the exchange emphasized that due to the addition of staking, the first time (short, in their opinion) a large number of ETNs will be blocked on the network. Most likely, this will limit the supply of coins and lead to higher prices. However, this can also release some of the ETNs blocked in smart contracts, and then the price will not rise. Moreover, the authors of the document are not sure that the demand for coins will be long-term and stable. For this to happen, PoS and sharding must prove that they work stably and provide the benefits for which the update was started. But, if this happens, the network is waiting for a wave of coins from the developers of smart contracts and DeFi protocols. In any case, quick changes should not be expected. A full transition to Ethereum 2.0 will take years and won’t be smooth - network failures are inevitable. We also believe that we should not rely on Ethereum staking as another panacea for all the problems of the coin and the market. Most likely, the transition of the network to PoS will not have a significant impact on the staking market, but may positively affect the price of the coin. However, relying on the ETN rally in anticipation of this is too optimistic.
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Weekly Wrap 14/02

Market News
Bitcoin attempted to break the $10,500 resistance level this week before witnessing a quick $300 reversion. Short-term performance, however, remains strong with ~5% weekly appreciation. Bitcoin is currently ranging and appears to have found a support level. Over the following week, we will be watching the $10,500 level once again to see if the market leader can continue its run, or if we will see it break down to below $10,000 and reach lower support levels. On a longer term view, the chart still looks bullish.
Ethereum had an excellent week as the price rose consistently and with good volume. It is currently ranging in the $260 vicinity. Indicators still look very bullish and it should continue its upward trend as long as there are no dramatic fundamental changes. Other top altcoins such as Tezoz, Binance Coin, Ripple, Litecoin and Stellar have also had an incredible week, but Monero, Neo and Ethereum stole the show with over 15% increases during the past week.
Industry News
Other News
submitted by Camaa to cryptotwenty [link] [comments]

Weekly Wrap 14/02

Market News
Bitcoin attempted to break the $10,500 resistance level this week before witnessing a quick $300 reversion. Short-term performance, however, remains strong with ~5% weekly appreciation. Bitcoin is currently ranging and appears to have found a support level. Over the following week, we will be watching the $10,500 level once again to see if the market leader can continue its run, or if we will see it break down to below $10,000 and reach lower support levels. On a longer term view, the chart still looks bullish.
Ethereum had an excellent week as the price rose consistently and with good volume. It is currently ranging in the $260 vicinity. Indicators still look very bullish and it should continue its upward trend as long as there are no dramatic fundamental changes. Other top altcoins such as Tezoz, Binance Coin, Ripple, Litecoin and Stellar have also had an incredible week, but Monero, Neo and Ethereum stole the show with over 15% increases during the past week.
Industry News
Other News
submitted by Camaa to InvictusCapital [link] [comments]

A General Overview of Crypto.com

A General Overview of Crypto.com

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Monaco purchased Crypto.com in 2018 and carried out a successful rebrand and continued to thrive with the release of a new and exciting product. Crypto.com offers a seamless mobile wallet app and its prepaid MCO visa prepaid card is used by people to buy, sell, trade, and spend cryptocurrencies such as Bitcoin and Ethereum, and fiat currencies like dollars, euros and yen.

Crypto.com MCO Platform

Crypto.com is building its services on the MCO platform. It seeks to solve the problem of accessibility and usability faced by the wider blockchain community. They do this with their standout product: the MCO Visa Card. This card fulfills the plan of Crypto.com to link a Visa card with cryptocurrency accounts, enabling users to make daily purchases with cryptocurrency at points where Visa is accepted.
Crypto.com not only offers the Visa card, they also have on offer the MCO wallet app and the MCO token. The most recent addition is Crypto Invest, which allows for easy crypto investments. Other products such as Crypto Credit gives users an MCO token- based credit line to hold as collateral and MCO private offers unique products and services for high net-worth individuals.

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The MCO Visa Card

Crypto.com offers a portfolio of MCO Visa Cards ranging from Obsidian Black which requires a 50,000 MCO stake, to the Midnight Blue which does not have any staking requirement. Users can seamlessly spend cryptocurrency at over 40 million retailers accepting Visa globally by using their MCO Visa card and using their MCO wallet to settle the card balance.
Crypto.com started to ship its MCO Visa Card in Singapore in October 2018. In November 2018, they subsequently announced their partnership with the Metropolitan Commercial Bank to roll out the MCO Visa Card program in the United States.
The list of benefits for card holders is just as good as with some other Visa rewards cards. Users can enjoy using a Visa card without spending any annual fees, get free shipping, and receive up to 2% cashback on purchases. Select cards get unlimited access to airport lounges.
In addition, users can make expenditures overseas and receive interbank exchange rates. With their Platinum Reward Program, users can get up to $10,000 sign-on bonuses!

MCO Wallet App

Crypto.com released its mobile wallet app on August 31, 2017 to a positive reception. By combining the Crypto.com Wallet with the Card app, users can purchase Bitcoin, Ethereum, Litecoin, Ether, Binance Coin, Ripple, MCO tokens and USDM to hold as investments or to use as forms of payment.

MCO Crypto Invest

Crypto.com launched Crypto Invest, a new service for eligible customers in October 2018. This is a cryptocurrency portfolio and trading tool that makes investing and trading in cryptocurrencies simpler. Users can create their own customized portfolios and trade automatically based on market signals.
Crypto Invest is different from other products in being not only a basket of cryptocurrencies but a set of trading strategies that perform in any market. It is great for those who have just started building their crypto investment portfolio, since users can get started with as little as $20.

MCO Credit Services

Another feature that will be released in the future is MCO Credit Services. This is a revolutionary product that allow you to get the credit you need by staking MCO tokens. A stake of MCO tokens worth $10,000 can get you a credit line of $6,000.
Unlike with traditional credit cards, there are no statements and zero minimum payments. Credit advances can be paid off as you like. If you are not able to do this or don’t wish to, your debt will be paid off with your MCO tokens.
MCO Token
The ERC20 MCO is the utility token that powers the Crypto.com ecosystem . It was issued in an ICO crowd-sale that was held in June 2017. 26 million USD was raised by the first issue of the MCO tokens.
MCO is an ERC-20 token, which means it can be stored in any ERC20-compatible wallet. However, balance requirements to qualify for an MCO Visa card is based on how much is stored in the official Crypto.com mobile wallet.
In order to earn rewards on purchases, stake and pay for referrals, MCO is used in the ecosystem. MCO follows the rest of the market and peaked back in August 2017. Since that time, they have followed the rest of the market as 2018 entered bear territory.
MCO is accepted in a number of popular cryptocurrency exchanges which include Binance, Bit-Z, Bittrex, Cashierest, Bithumb, OKEx, Upbit, ABBC, and Huobi. Daily, an average 10 million USD worth of MCO tokens is traded with trading pairs including BTC, ETH, and USDT.

https://preview.redd.it/a4kzgc9ipwp31.png?width=1530&format=png&auto=webp&s=c433042f132dc822b40ba671f9e148c65d66397b

Crypto.com Chain

Crypto.com announced the launch of the Crypto.com Chain. This is a high performing native blockchain solution that allows merchants and users to complete transactions in crypto. The Crypto.com chain has its own token which is CRO. The Crypto.com chain supports the Crypto.com pay solution, which is a decentralized cryptocurrency payment solution that is built on blockchain.
Crypto.com announced in December 2018, that it has signed a Memorandum of Understanding (MOU) with Ledger, a crypto security and infrastructure solutions provider to become the first merchant to use Crypto.com Pay on their online store.
Crypto.com also announced it signed a Memorandum of Understanding (MOU) in January 2019 with a sneaker e-marketplace called YSNEAKERS to implement Crypto.com Pay.

Conclusion

The rebrand of Crypto.com to Monaco has been more than just a name change. Although it's ERC-20 token still bears a reference to its predecessor and is duly named MCO, the company has sustained efforts at delivering MCO Visa Cards to different types of cardholders. They have followed this up with the introduction of initiatives such as the Crypto Invest product.
Their wallet is multi-functional and supports buying, selling and trading of fiat and virtual currencies. They plan on issuing prepaid debit cards linked to wallet balances which can be converted to currency inside the wallet before spending at a merchant. The wallet and the card app can be used on both Android and iOS devices and users can monitor crypto markets, engage in crypto coin trading and exchange fiat currencies at low fees.
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How To Gain From Bitcoin Investment

How To Gain From Bitcoin Investment
For some, individuals, purchasing a lot of Bitcoin isn't a monetarily feasible speculation procedure. In any case, fortunately there are currently more options than any other time in recent memory that make it simple for individuals to acquire bitcoin.

What's more, in all honesty, at times, you need to do nothing to begin winning.

How about we investigate what every one of your alternatives are, from tolerating bitcoin from your manager to keeping it in an enthusiasm procuring crypto account. Contingent upon your short, medium, and long haul objectives, every alternative has various advantages for your favored strategy for procuring Bitcoin.

  1. Gain Bitcoin with a Crypto Interest Account

Similarly that individuals used to (and, let's face it, despite everything do) store their cash in financial balances and get enthusiasm on their stores, crypto premium records are another and energizing model for the blockchain business. This model is frequently done to in various manners, including enthusiasm gaining accounts. A few people additionally allude to this just as loaning out your Bitcoin. At last, the outcome is the equivalent — by moving your Bitcoin or different cryptographic forms of money to the budgetary specialist organization, you will win enthusiasm on your Bitcoin after some time.

How do crypto intrigue accounts work?

Various organizations presently offer the capacity to acquire enthusiasm on your crypto possessions. The fundamental structure is that you send your crypto to your wallet specialist co-op's site and after some time you will gain intrigue. This gives another approach to crypto HODLers to store and win on their crypto-resource possessions.

As of late the loan costs offered by banks have brought down, making the profits not exactly perfect. People have been compelled to discover other lucrative arrangements. Until this point, there have been practically no alternatives for crypto holders.

Crypto holders are presently going to the option money related specialist organizations for these administrations. Customers can gain up to 6% yearly enthusiasm on their Bitcoin and Ether. The premium customers gain likewise mixes, boosting their yearly returns.

For instance, with accumulated dividends, clients' viable yearly enthusiasm following a year at 6% would be 6.2%, including much progressively long haul development openings.

Pursue the most elevated enthusiasm acquiring for bitcoin available.

  1. Get Cash-Back in Bitcoin When You Shop Online

Ebates, a well known Google Chrome Extension, offers clients money back for their buys from a large number of sites. They work with practically all major online retailers, including everything from Best Buy, to Groupon, to Nike. When you introduce the augmentation and make a record, Ebates will tell you if there are limits accessible while you peruse a retailer's site. In a single tick you can initiate the limits. Toward the finish of each quarter, you get a check from Ebates with your money back parity. It's that basic.

In crypto, an organization called Lolli is offering comparative administrations. Make buys on sites like Sephora, Macys, or CVS and get money back in Bitcoin. Each store has an alternate impetus sum. Some idea as much as 9% money back. Others will offer a set measure of BTC. This is a simple method to win free Bitcoin while making your ordinary buys.

  1. Procure Bitcoin With Affiliate Marketing

Partner showcasing is a well known approach to gain cash for bloggers, news locales, internet based life influencers, and consistently individuals. Organizations give one of a kind URLs or Promo Codes for associate advertisers to convey to their crowds. On the off chance that somebody who taps on that connection makes a buy on your subsidiary connection, you will get a prize.

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What amount would i be able to gain from offshoot rewards?

Each organization structures their associate program in an unexpected way. For a great deal of online business brands, you will procure a level of the complete request measure of the client you alluded to them. For different organizations, you may get a set expense for each individual who pursues an assistance utilizing your promotion code.

For instance, Coinbase will pay you $10 for each client who joins and stores in any event $100. Another mainstream trade, Binance, presents to 40% of the exchange expenses of your referrals. For individuals with large crowds, that can signify a great many dollars for each month.

Another option is BlockFi's associate program, which offers 10% of premium earned by referrals to the BlockFi Interest Account and $50 or 10 premise focuses on the credit sum (whichever is more prominent) of a financed advance. Get familiar with how to turn into an offshoot.
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Algorand Ecosystem AMA with Bitpie Wallet

Algorand Ecosystem AMA with Bitpie Wallet

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Daniel
here it is AMA time! Introducing u/Chao Wang — COO Bitpie Wallet and u/Kong our ambassador from China! AMA Duration: 35 minutes Rounds: Team Round (first 20 min) and Community Round (last 15 min)
Chao Wang
Thx Daniel About myself, I heard bitcoin in 2013, started buying and a little bit mining by end of that year. And of course, I lose a lot of money during the market collapse in 2014–15, just like a lot of friends just suffered in the past weeks. Luckily, as a hodler, I didn’t sell any coin during bear market and most of those coins are still in my wallet until today. In 2017 I joined Bitpie. Prior to that, I have been in the traditional IT industry for more than a decade. During my 15-years career, I have worked for organizations including online service company, big data company and IT services company. Responsible for IT system, product R&D, business management and has been stationed in the United States to manage a series of project cooperate with IT giants such as Microsoft and Cisco. My last role before joining Bitpie was the general manager of a business division at one of largest IT service companies in China, managing the solution business related to new technologies such as cloud computing and AI, also got some chance to work with partner for business-oriented blockchain PoC projects. It is a tough time for everyone, it is my great honor to have the opportunity to meet and learn from you guys at this special moment.
Kong
Hi, all. I am Kong from Bitpie Wallet. Also ambassador of Algorand Beijing. I have been working for Bitpie since 2018 and now mainly in charge of marketing job. Tonight, Mr Wang chao will bring us his presentation and I will help answer questions if needed. Long for Bitpie and Algorand
Daniel
Thanks a lot for sharing your introduction u/Chao Wang u/Kong! Seems you have been in the industry since a long while! Glad to have your experience and support for Algorand! Really appreciate Bitpie as a global partner of Algorand and you have also supported ASA these days. Could you tell us more about Bitpie Wallet and what do you think about the cooperation with Algorand?
Chao Wang
Bitpie is an industry-leading non-custody wallet with very high market penetration in Asia area. We have been focused on the blockchain wallet for more than six years. As a professional wallet service provider, we have 3 wallet products. Bitpie Wallet — a multi-chain wallet with DeFi and DApp portal along with a lot of other crypto-based scenarios. Bither Wallet, a bitcoin.org recommended open-sourced bitcoin wallet. BitHD — an open-sourced multichain Hardware cold Wallet. Among 3 products, Bitpie is the most famous one. Our products helped millions of global users manage dozens of billions of US Dollars’ worth of cryptocurrencies in the past 6 years with 0 security accident. We are also very proud of being a contributor to the early blockchain community for we introduced a variety of novel technologies in the field of cryptology and security. The cooperation between Algorand and Bitpie began in 2018 when we met Professor Micali and Steven for the first time in Beijing. The conversation was very pleasant and soon determined willingness of both parties to cooperate. In 2019, with the launch of the Algorand mainnet, we have 360-degree cooperation with Algorand in technology, network, marketing and ecosystem support. With the launch of Algorand 2.0 and ASA assets, great innovations are emerging on Algorand blockchain. We are very happy to participate in this process and look forward to more cooperation in the future.
Daniel
Thank you for the detailed introduction about Bitpie and your cooperation with Algorand! Do you have large market share for BTC, USDT or any other currencies in Asia?
Chao Wang
Yes, we are the most popular BTC wallet in Asia, and for stable currencies, we are probably the wallet with №1 volume in the world 🙂 I would like to say more about USDT.
Daniel
Sure please go ahead!
Chao Wang
We all know Stable coin is extremely important for a public chain ecology. As a wallet operator, our experience in this area is direct, and we have observed a lot in the past when the stable currency market and the underlying public chain were constantly changing. Before the launch of Algorand USDT, we had several conversations with foundation and shared our understanding of this market. Each public chain has unique development route, and this route also determine the market development route of stable currency on that Chain. The application-oriented blockchain is still in a very early stage, now it is difficult to determine which direction is better and more likely to succeed. But no matter which route you take, one thing is for sure, which is to increase the usability as much as possible and help users reduce the barrier. This is the main reason why erc20 USDT can take most of the market share from omni USDT. Market promotion is also very important. If Algorand has some related plans in the future, Bitpie as the direct entry point to reach users, is very willing to provide help as much as we can.
Daniel
Glad to see our goals align Chao 🙂 We wish to have Algorand- USDT as major value capture on Algo public chain! Really excited to explore more use-cases and co-marketing opportunities with you. While on the subject, I noticed you have DeFi and Dapp portal. As a leading wallet provider, what do you think is the future of wallets ? Is it DeFi, something else?
Chao Wang
Yes, DeFi and DApp are extremely important for wallet. But that not all we are aiming for. In the past, wallet is viewed as a tool that managed private keys to send and receive assets. With the emergence of various scenarios in the blockchain world, the functions integrated on the blockchain wallet today have far exceeded asset sending and receiving. Almost all major wallets on the market have integrated different forms of coin trade. Staking, voting, Borrowing & Lending functions have also been integrated into wallet. More wallets have even begun to support Dapp and DeFi based on different blockchain networks, thereby introducing more open scenarios. But we see that the users of the wallet are all users who already have crypto assets and already has some understanding of the blockchain. However, the proportion of such users in the entire society is very small, and currently there are few wallets or applications that can develop people who do not know the blockchain through their own scenarios. I think that will change in the future. There will be a variety of innovations constantly emerging, and some of them, although possibly a small part, will draw quite a lot of people from the general community to blockchain world. They are not typical crypto asset holders, and they do not understand what a blockchain is or what an oval algorithm is. In fact, they don’t need to understand. Both public chains and wallets will evolve, allowing ordinary users to enjoy the innovation brought to them by the blockchain without perception. At that time, the wallet, as a carrier of rights and on-chain identities, will be closely related to people’s daily lives. And the form of the wallet will be very different from now. For the simplest example, suppose a billion people have entered the world of blockchain. Can you imagine all one billion people are writing down mnemonic words like current wallet users? That’s not possible.
Daniel
You make quite a few interesting points Chao. Mnemonic words is an interesting one as well! Since we are running low on time, my last question would be on Algorand itself. What are your thoughts about Algorand? 🙂
Chao Wang
I have worked in the IT service industry for many years. The clients I have dealt with involve various industries, finance, manufacturing, retail, transportation, government. My major business focus was to provide them with the underlying business support systems. This gives me some understanding of the fundamental supporting of commercial facilities. In these mature business ecosystems, there is a complete and meticulous industry chain collaboration. Some are responsible for basic technical/science innovations, and some are responsible for the implementation of the underlying platform based on these innovations. Some people use their technical capabilities to design solutions suitable for the industry, and some people apply these solutions to help them expand their business. In the end, no matter how many layers are passed, it is the consumers who pay for all of this. Of course, consumers also enjoy the convenience brought by technological development and industrial chain collaboration. Blockchain system will also play the role to support business. However, blockchain technology and ecology are still very early, such industrial collaboration cannot yet be formed. Some public chains have focused on faster and more direct 2C scenarios. This is understandable, but in my opinion, industrial collaboration will eventually come, and at that time, tens of millions of people will enjoy the beauty that blockchain technology brings to everyone. Compared with other public chains, Algorand’s path is very solid, and it is constantly laying the foundation, not only the technical foundation, but also the basis of industrial chain collaboration. This process may not be that fast, but I think it is all necessary.
Daniel
Appreciate you sharing your thoughts Chao! We are really committed towards industrial collaboration. You summed it all up really well! I will be compiling a full blog-post and publishing it for those who couldn’t join the AMA u/here Community Round can start now! You can ask any questions that you have! This one would run for the next 15 minutes.
Chao Wang
Thanks Daniel!
Benjamin Lim
Really appreciate the time you guys are taking to have this AMA For Bitpie, which countries are most popular for using your wallet service? By the looks of it asia, but curious on where the majority of users are from? 😄
Chao Wang
As a team from China, users from China take the largest part. But our penetration in Southeast Asian countries is also very high. Some of our users are in China, our team are based on Hong Kong. We welcome and embrace regulation relate to wallet service. This is a must done thing before blockchain permeate everyone’s life.
Nate Hamilton
Will you be offering any kind of staking on the POS networks you support?
Chao Wang
Yes, we are providing Staking services for blockchains such as Cosmos and EOS .
Benjamin Lim
I suppose there’s interest in increasing the number of tokens that can be staked on your platform yep?
Chao Wang
Yes, everyone want to manage their asset in one wallet rather than install wallet for each blockchain network.
Benjamin Lim
You’re right .. Binance is quite fierce in adopting new staking servicestoo it must be a challenge to gain market share
Steviekusu
does the wallet support other cryptocurrencies/erc20 tokens?
Chao Wang
Yes, we support 30+ blockchain network including BTC/ETH/Algorand. All ERC20 Tokens is supported.
submitted by bitpie-wallet to u/bitpie-wallet [link] [comments]

𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 𝕾𝖚𝖕𝖕𝖔𝖗𝖙 𝕹𝖚𝖒𝖇𝖊𝖗 +1-855-937-4225

𝕮𝖔𝖎𝖓𝖇𝖆𝖘𝖊 𝕾𝖚𝖕𝖕𝖔𝖗𝖙 𝕹𝖚𝖒𝖇𝖊𝖗 +1-855-937-4225

Unlike private cryptocurrency wallets that gives you total freedom to use your bitcoins or ether as you see fit, Coinbase has placed some
limitations with regards to spending and receiving digital currencies. Under Section 6.4 of the user agreement, for example,
Coinbase reserves the right to monitor your account and keep track of where you send and receive cryptocurrency to make sure you're not using it for purposes that fall under what's prohibited.
"Prohibited Use and Prohibited Business," which can be found under Appendix 1 of the user agreement, covers a wide array of activities and businesses,
such as online abuse, gambling, high-risk businesses, illicit drugs, pornography, and pyramid schemes, to name a few. Violating this can result in the sudden suspension or termination of your Coinbase account

.
While these prohibitions seem reasonable on the surface, It's still worrisome as it technically prohibits us from using our bitcoins on businesses Coinbase deems high risk.
This is a slippery slope in and of itself since cryptocurrency exchanges can very well fall under this umbrella. So if you transfer bitcoins to an
exchange site like Binance to purchase other less popular cryptocurrencies like monero, Coinbase can potentially suspend or terminate your account without notice and freeze any in-app assets you may have in the process.
First, the “trading pair” (or, “currency pair”) is the product being traded.
In the above screenshot the product is ETH, and the “quote currency” is USDThis means that traders are buying and selling the cryptoasset ethereum, priced in dollars
.The order book shows all the bids and asks at a given time. A “bid” is the price at which a buyer will buy, and an “ask” is the price at which a seller will sell.
The order book also shows the aggregate amount of asks and bids (supply and demand) at a given price, called the “market size.”
The “depth chart” is another way to visualize the order book, showing cumulative bid and ask orders over a range of prices. Coupled with volume — or,
the total amount traded over a given time period — the depth chart provides a good way to measure “liquidity.” Liquidity describes how easy it is to turn an asset into cash.
For instance, if ethereum suddenly saw a massive sell-off, there might not be enough buyers, or enough “liquidity,” for sellers to sell to.
Lastly, the “mid-market price” is the price between the best “ask” price and the best “bid” price. It can also be defined as the average of the current bid and ask prices.
Coinbase operates both an order book exchange, called the Global Digital Asset Exchange (GDAX), and a brokerage, called Coinbase.
More advanced traders (including small institutional players, like cryptoasset hedge funds and family offices) buy and sell cryptoassets on
GDAX and determine the mid-market price. Coinbase (the brokerage) then allows retail investors to buy and sell cryptoassets at these mid-market prices, and charges a fee on top.
In practice, retail investors can buy and sell directly from
Coinbase’s brokerage, like they might buy a stock from Scottrade or Charles Schwab. Coinbase’s brokerage

range from roughly 1.5% to 4.0% depending on the user’s payment method; due to increased risk, credit cards come with higher fees than bank transfers. Traders on GDAX pay significantly lower fees.
Of note, Coinbase’s brokerage buys cryptoassets from GDAX, instead of from an outside exchange. This gives the company a secure in-house
source of liquidity. Given how often exchanges are hacked or otherwise
compromised, this is quite important; Coinbase’s brokerage doesn’t have to rely on anyone else for liquidity.
There are a lot of exchanges on the market that aren’t as trustworthy as they claim to be, which is one of the reasons I am writing this Coinbase review — to show you how legitimate Coinbase is, among other things.
So, is Coinbase legit? Well, the truth is, Coinbase is probably as legit as it gets.
Just to operate in 30 states of the U.S. alone, it has over 40 different licenses. This ensures their practices are legal and that they handle your money with integrity.
If you’re reading this Coinbase review, the first thing you need to know is whether or not you can use this exchange in your region.
Coinbase can be used in many countries to do transactions like sending, receiving or storing funds. However, Coinbase’s buy and sell features are only
available in 32 developed countries around the world.
So, be sure to check whether you can use Coinbase from your country
before you attempt to sign up.
submitted by dsf34578 to u/dsf34578 [link] [comments]

The History, The Current State And The Future Of NavCoin

The History, The Current State And The Future Of NavCoin

This is it. If you're interested to see what NAV is all about, this is the ultimate guide for you. You will learn about the history of NavCoin and how it evolved. You will learn about the current state and features of NavCoin and you will learn about the exciting new features that are planned and coming up in the (near) future.
So buckle up, this is going to be a long ride!

Table Of Content


Introduction - What is NavCoin?


The History

Introduction
The following chapter will summarize and break down the history of NavCoin in a few sentences. NAV started a long time ago, went through rebrandings and changes of the core team before it became what it is today.

SummerCoin
NavCoin was initially first introduced under the name SummerCoin on April 23 in 2014. SummerCoin was a fork of the Bitcoin blockchain. It used to have a PoW/PoS hybrid algorithm with a block time of 45 seconds.

SummerCoinV2 /NavajoCoin
Soon after the initial launch of SummerCoin, the original developer left and SoopY (soopy452000 on bitcointalk) took over as the main developer and rebranded the project to SummerCoinV2 respectively NavajoCoin and introduced new features.
The name NavajoCoin was chosen in honor of the Navajo Code Talker. The unbreakable Navajo code was used to encrypt highly classified military information and commands and decrypt the same in WW II.
SoopY introduced a technology which allowed sending transactions anonymously and private. This technology was called "Navajo Anonymous Technology". SoopY also released a new wallet and set the Proof of Stake rewards at 10% for the first year, 5% for the second year and 2% for every year after.

NavCoin
On August 12, 2014, Craig (current lead core developer, pakage on bitcointalk) started to get involved with NAV by helping to set up a website [10].
It was officially announced that Craig joined the core team as a "Wallet & Web Developer" on November 06, 2014.
The last tokenswap and restart of the blockchain of NAV happened on May 12, 2016.
Soon later, SoopY stopped showing up and Craig stepped into the role of the lead core developer. Since then, Craig has assembled a strong team with which he built NavCoin into what it is today.
Currently, Craig and the NavCoin Core team is located in New Zealand and they are actively developing many ground-braking features which differentiate NAV from other cryptocurrencies. You will read more about that later in this article.

The Current State

Introduction
The year 2018 has been a thriving year for the NavCoin ecosystem. Despite the USD price of NAV not reflecting it, in 2018 the core team has developed a whole bunch of new features. Also the core content creators published the first official guidelines that function as an orientation guide for community content creators. This chapter will give you an overview of the current team, the features, the prior mentioned guidelines and the community of NavCoin.

Core Team [1]
Last year, the core team has grown alot. It contains of developers, content creators and interns. The core team are employees of Encrypt S, the New Zealand's leading blockchain R&D lab. Encrypt S is developing blockchain solutions since 2014 and values building open-source software highly.

Craig MacGregor - Chief Executive Officer
Craig is the CEO of Encrypt S and the founder of NavCoin. He is one of the world's most experienced blockchain developers. Craig founded NavCoin in 2014 and is developing software for it since then. He has assembled a strong team of like-minded people. Craig also speaks at seminars and conferenced. Some of the companies and conferences he did blockchain education sessions at are Oracle, Xero, Air New Zealand, Blok Tex and trademe. Together with the team, he is also doing a education series on YouTube where he explains upcoming features in-depth for the community.

Alex Vazquez - Chief Technical Officer
Alex is the CTO of Encrypt S and the most active contributor to the NavCoin core Github. He has incredible knowledge of blockchains and proposes and implements solutions for challenges and features. He supports community developers frequently and answers any questions of the community thoroughly. Like Craig, Alex is developing software for the NavCoin ecosystem for a very long time. Alex speaks at universities at times and educates students about the blockchain technology.

Paul Sanderson - Lead Software Engineer
Paul is the Lead Software Engineer at Encrypt S. He has a flair for technology. His technical and management skills are perfectly suited for consultancy and investment advising. He also frequently contributes to the NavCoin core source code.

Rowan Savage - Senior Software Engineer
Rowan is a full stack software engineer with more than a decade experience in developing complex front-end web applications. He joined Encrypt S in February 2018 and has since been involved in the Valence Plattform, the Kauri Wallet and NavCoin Core. You will read more about these feature/projects later.

Carter Xiao - Lead UX/UI Designer
Carter specializes in user-centric design and is also very talented with 3D animation, motion graphics and programming. One of NavCoins core principle is "Simplifying Crypto" and UX/UI is a very important part of that.

Matt Paul - Software Engineer
Like Rowan, Matt is a full stack Software Engineer. He joined the core team in Mai 2017 and has since worked on NavPay, NavPi, the Kauri Wallet and NavCoin Core. Kieren Hyland - Chief Strategy Officer Kieren is one of the employees that are working for Encrypt S for a very long time. He is the CSO and is a digital strategist and growth hacker with a passion for new technology and has a lot of experience in online marketing. Laura Harris - Creative Director Laura has a combination of commercial and creative flair. She manages the social media accounts for NavCoin and ensures, that NavCoins' message is always powerful, relevant and distinctive. John Darby - Content Creator John is an internationally awarded Technology and Financial sector marketing communications specialist. He is one of the Core Content Creators for NavCoin.

Features of NavCoin [2]
The following features are currently available and have been developed in the last months and years. It is sorted from newest to oldest.

Static Block Reward
The soft-fork for the enabling of static block rewards have been accepted and became active recently at 5th January 2019. This means, that the block reward was changed from a percentage based reward to a static reward. This will incentivize the stakers to have their node online 24/7 which increased the security of the network. It also aligns NavCoin with the PoSv3 specification. With this implementation, the yearly inflation will be 3.6% currently and will exponentionally decrease because of the static value of the rewards. Every staked block will now give the staker 2 NAV. Depending on how many people are staking, the yearly percentage varies. With the network weight currently being around 20'000'000 NAV, stakers earn around 10% rewards from staking 24/7.

Cold staking
To provide extra security to participants in the staking process in the NavCoin network, the core team decided to implement cold staking. This allows to store NAV offline and still be able to sign staking inputs. Looking forward, a possible integration into the Ledger Nano S would mean, that one can stake NAV securely from a offline hardware wallet. How cool is that?

OpenAlias
One of the core principle of NAV is to simplify cryptocurrencies. Many non-technical people are deterred from the long, cryptic addresses used in wallets. When sending funds, you have to make sure that every single letter and digit is correct which is nerve-wracking for the average person. NavCoin has implemented OpenAlias, which allows to transform the wallet address into a email-like form. Everyone can register a name like "[[email protected]](mailto:[email protected])". Funds can then be sent to this name, which makes sending crypto much easier and less error-prone.

Community Fund
This is the one big feature I was most excited about. NavCoin core has implemented the first fully decentralized community fund. Acceptance of proposals and release of funds is all approved by the decentralized network. No central authority has access to the fund. The community fund enables everyone to propose their ideas to the NavCoin community and to get paid to implement these ideas. Everyone can propose whatever they like (of course there is a higher rate of success if the proposal contributes to the NavCoin ecosystem ;-)). In fact, this article was sponsored by the NAV-Community by voting "yes" for my proposal. The fund works like this:
For a fee of 50 NAV, everyone can create and present his idea/proposal to the entire NavCoin network. The fee is here to help prevent spam attacks. Proposals can literally be anything - be it development, marketing or anything else you can some up with.
After creating the proposal, everyone contributing to the NavCoin network can then decide if they like the proposal of not. They vote with "Yes" or "No" for the acceptance of the proposal. Voting happens via staking. Every transaction that gets validated by you gives you one vote. This means that the more NAV you are staking, the higher your voting weight is.
The proposal stays in the state "Pending" until it is accepted or rejected. To be accepted, a proposal has to have a participation of at least 50% of all staked blocks and at least 75% of these votes have to be "Yes"-votes. Like-wise to be rejected a proposal need 50% participation of the network and 75% of these votes have to be "No"-votes. Additionally, if a proposal didn't pass after 6 voting cycles (about 6 weeks) it is also rejected.
After a proposal has been accepted, the creator of the proposal can start his work. When the work is finished, or at in the proposal defined checkpoints, the proposal creator can create a payment request for the full or part of the requested funds.
The NavCoin network can then again decide, if the work is what the creator promised to do and vote for the funds or reject the payment request because it was not what he promised. This mechanism ensures, that the funds are only release if the creator of the proposal did what he promised. The NavCoin network decides everything, there is no central authority which makes the community fund 100% decentralized.
The community fund is quite new but there have already been some proposals that were accepted like paying for the development & hosting of NAV block explorer, the creation and distribution of NAV car stickers to the community for free (or paid by the community fund), the funding of interns for NavCoin Core, translation of the website into other languages and YouTube videos. What ideas could you come up with? By the way: this article was also sponsored by the community fund :-)

Proof of Stake
Like said before, NavCoin uses the Proof of Stake algorithm to create and validate blocks. Participants of the NavCoin network can earn rewards by putting their coins to stake and thus validating blocks and securing the network. The reward used to be 4% fixed but recently changed with the implementation of PoSv3. Currently, rewards for stakers that are staking 24/7 is about 10% but it is dependent on how many people are staking. If more nodes come online, this reward will go down. If 90% of all NAVs would be at stake, stakers would still earn 4%.

Tutorials And Guidelines [3]
The NavCoin Core team pushes the community to contribute to the NavCoin ecosystem constantly. They emphasize that NavCoin is an open source project and everyone can contribute. The team tries to make it as easy as possible for the average person to contribute and thus created different tutorials and guidelines.

Tutorials To Contribute To The Website
The whole website is open source. Everyone can contribute to the website. The team created different guides for people to follow [4].

The NavCoin Developer Manifesto
The content creator core team has build a developer manifesto. It defines the values that should be uphold like for example that they will always operate in the best interest of the network. If defines the principles, purposes, scope of involvement and operational requirements [5].

The NavCoin Content Creation Manifesto
Similar to the developer manifesto, there is also a content creation manifesto. Again it defines the principles for creating content, the purpose, the scope of involvement and the operational requirements [6].

NavCoin Brand Guidelines
In addition to the content creation manifesto, there is also a brand guideline booklet. This should help content creators to create images, videos, articles etc. in the same style as the core team. It defines the NAV brand. The brand guidelines contain definitions, the language to use (words to use, words not to use), the tone of voice, what the community aspires to be and what we discourage to be. It also contains the logo pack which can be used in graphics etc. It describes correct logo spacing, logo placement, the colors of NAV and different web assets. It gives tips about gradients and overlays, the typefaces (with a font pack) and many more. Check it out yourself [7].

NavCoin Educational Series
The core team has decided to actively involve the community in the creation of new features. For this reason and to allow users to ask questions, they created the NavCoin Educational Series. The core team schedules an online live meetup which can be joined by everyone. On YouTube they do live-streams and explain upcoming features. Examples of these series are explanations for cold staking, static rewards (PoSv3) and the community fund. The community can ask questions live and the core team will answer them immediately.

Community
During the last year there have been an influx of software developers from the community starting to create features for NAV.

navexplorer.com
An examples is navexplorer.com which is programmed by community developer prodpeak and is a block explorer for NavCoin. Additionally, it functions as a interface to see what is going on in the community fund. It shows pending proposals and payment requests.

NEXT Wallet
The NEXT Wallet is an alternative wallet for NAV and other cryptocurrencies. It has a beautiful user interface and is additionally the easiest interface to interact with the community fund (create proposals, create payment requests and vote for proposals and payment requests). It is programmed by community developer sakdeniz who put hundreds of hours into it during last year.

There were also some marketing activities starting to emerge with the release of the community fund. Some of these were for example free stickers for everyone in the NAV community to stick to their car / shop / window etc. or YouTube videos of CryptoCandor and Cryptomoonie that explained the details of NAV. I am sure, that with the 500'000 NAV available in the community fund per year there will be an influx of gread ideas - development as well as marketing activities - that will be funded.

The Future

Introduction
These features are planned for the future. Many of the following features are part of the 2019 roadmap. Some will not be described in great detail because not much is known about them yet. I've still listed them as they are part of what is yet to come.

Features
Rimu - Improved Privacy Solution
NavCoin used to be a optional privacy coin. That means, that you could choose to send a transaction in private. NavCoin was criticized for the way it handles private payments because it relied on a few servers which didn't make it that decentralized. The technology was called "NavTech" and was a secondary blockchain that obscured the transaction and the amount that was sent. NavCoin Core is currently developing a new improved privacy solution that will make the private payment system completely trustless and districuted and runs at a protocol level. Alex of the NavCoin Core team has published a paper that describes this new privacy solution. It's called Zero Confidential Transactions and can be found here: https://www.researchgate.net/publication/330366788_ZeroCT_Improving_Zerocoin_with_Confidential_Transactions_and_more. What I want to highlight is the collaboration between Alex as the proposer of the solution and the Veil team, a Bitcoin Core developer and Moneros main cryptographer as reviewers. When the best work together, it will be interesting to see what the outcome is!

Valence Plattform [8]
Valence is an applied Blockchain platform that can help businesses realise the tangible benefits of blockchain. You can think of Valence as a platform with which you can build Anonymous Distributed Applications (aDapps) with. But Valence is a different kind of platform that enables developers to create new types of blockchain applications. The problem with current (turing complete) dApp platforms are their complexity and rigid nature. Security holes in smart contracts and scaling issues happen frequently [9].
Valence provides transitional pathways that let businesses migrate only part of their activities to the blockchain without having to restructure their entire business model [9].
Valence will provide a spectrum of blockchain application solutions which sit along the decentralized spectrum, offering businesses simple ways to dip their toes into the blockchain at minimal risk or complexity [9].
Thanks to the proof of stake nature of the Valence blockchain, more of a node's resources can be used for processing and routing application data which makes the platform faster and scalable.
Valence aims to make building blockchain applications as accessible to the general public as WordPress or Squarespace has made building websites.
The developers NavCoin and Valence aim to make Valence extremely easy to work with:
A Valence application could be an open source mobile or web application that submits unencrypted or encrypted data directly to the blockchain. The only configuration necessary for the app developer would be setting up the data structure. Once they've done that they can start writing to the blockchain immediately.
The Valence blockchain interface is language agnostic, meaning developers are free to build applications in whichever language they're familiar with, which greatly reduces the barrier to entry.
As the platform progresses, Valence will introduce more and more smart contract templates in collaboration with the development community. These will be like plugins that users can simply select and configure for their application, without having to reinvent the wheel and risk contract errors or spend countless hours of research to program them.

NavShopper
The following information is taken from the latest weekly news: NavShopper is a new project which will allow people to spend NavCoin on a growing list of retailers and service providers. NavShopper sits between traditional retailers accepting fiat and NavCoin users and purchases products on behalf of the user by managing the crypt-fiat conversion, payment and shipping. This project will unlock many more ways for people to spend NAV on existing websites/marketplaces without requiring each site to individually accept cryptocurrencies. Some of the prototypes we are working on include crediting your Uber account, buying products on Amazon and donating to charities.

Kauri Wallet
The Kauri Wallet aims to be an open-source, multi-currency wallet which functions as a foundation for other features.

Kauri Enhanced
Enhancements to the Kauri Wallet will allow multiple accounts, pin numbers, recurring payments and more.

Kauri DAEx
The Kauri DAEx is a Decentralised Atomic Exchange that utilises the features of the Kauri Wallet and enables users to create safe peer to peer atomic exchanges for any currency supported by the Kauri Wallet. NavDelta NavDelta will be a payment gateway that allows users to spend NAV at any business which accepts currencies supported by the Kauri Wallet. NavMorph NavMorph is a fusion of Rimu and Kauri DAEx and will allow to privately send every cryptocurrency supported by the Kauri Wallet.

Outro

If you have made it this far: Congratulations! You have learned about how NAV evolved, what its current state is and what the future will bring. To sum all up: NavCoin has made incredible progress during last year and released many long awaited features despite the bear market. Many more exciting features are yet to come and it's going to be very interesting to see where we will stand on this day next year.

Giveaway

Unfortunately, the giveaway was not possible in the cryptocurrency-subreddit because of their rules, so I'm doing it here :-) As a surprise, in the next 2 hours I am going to send some NAV to everyone who wants to try out the awesome features and NavPay you read about above.
To get your NAVs, all you have to do is the following:
If you liked the experience, I'd be happy to hear back from you :)

References

[1] https://encrypt-s.com/company/
[2] https://navcoin.org/en/roadmap/
[3] https://navhub.org/get-involved/
[4] https://navhub.org/how-to-guide/
[5] https://navhub.org/assets/NavCoinDeveloperManifesto.pdf
[6] https://navhub.org/assets/NavCoinContentManifesto.pdf
[7] https://navhub.org/assets/NavCoinBrandGuidelines.pdf
[8] https://valenceplatform.org/
[9] https://valenceplatform.org/learn/business-on-the-blockchain-made-easy/
[10] https://bitcointalk.org/index.php?topic=679791.msg8320228#msg8320228
submitted by crypto_sIF to NavCoin [link] [comments]

51% attacks are morally justifiable

In this short post I want to set out my case for the moral justifiability of 51% attacks against proof of work cryptocurrencies. In the past, a 51% attack was a theoretical construct that most people didn´t seem to think would be practically achievable or lucrative. This has now changed, as hashpower can be rented on sites like Nicehash and Mining Rig Rentals for a few hours at a time. The attack delivers the attacker two prominent opportunities:
-You can orphan blocks of ¨legitimate¨ miners. This essentially means that whatever work was produced by legitimate miners during your attack became worthless. Mine a secret chain of two hours worth of blocks, release it and you orphaned 2 hours worth of blocks by your competitors. By the time most of the miners have noticed their blocks were orphaned in an attack, their nodes will have been automatically mining on your own chain for a while and it will be too late for them to do anything about it. The amount of money they lost would be equivalent to the amount you had to spend to produce your chain. Because mining is an industry with tight margins, the economic impact on these miners can be very big. The cost may be sufficient in case of a very long attack, to persuade them to quit their endeavor and get a real job.
-The more important opportunity is that you´re able to double spend your coins. This is potentially, incredibly lucrative. How lucrative it is tends to depend primarily on the inflation rate of a cryptocurrency. A low inflation rate means relatively little ¨work¨ is done to maintain the security of the system. A high inflation rate on the other hand, turns the cryptocurrency into a very poor long-term investment. As a consequence, most cryptocurrencies face declining inflation rates, that delay the problem of their ultimately unsustainability into the future. The bank of international settlements explains this issue here.
When it comes to the moral justification of a 51% attack, we first have to ask ourselves why proof of work is morally unjustifiable. There are two main reasons for this:
-Proof of work has an enormous environmental impact, that ensures future generations will have to deal with the dramatic consequences of climate change. There is no proper justification for this environmental impact, as it delivers no clear benefits over existing payment systems other than the ability to carry out morally unjustifiable actions like blackmail.
-Proof of work is fundamentally unsustainable, because of the economic burden it places on participants in cryptocurrency schemes. Cryptocurrencies can´t produce wealth out of thin air. The people who get rich from a cryptocurrency becomes rich, due to the fact that other people step in later. In this sense we´re dealing with a pyramid scheme, but the difference from regular pyramid schemes lies in the fact that huge sums of wealth are not merely redistributed, but destroyed, to sustain the scheme. The cost of the work to sustain the scheme is bigger than you might expect, because the reality is that relatively little money has entered bitcoin. JP Morgan claims that for the crypto assets at large, a fiat amplifier of 117.5 is present, as a purported $2 billion in net inflow pushed Bitcoin’s market capitalization from $15 billion to $250 billion. You have to consider that the Digiconomist estimates that $2.6 billion dollar leaves the Bitcoin scheme on an annual basis, in the form of mining costs to sustain Bitcoin. The vast majority of retail customers who entered this scheme ended up losing money from it. In some cases this lead to suicides.
The fact that proof of work is morally unjustifiable doesn´t directly lead to a moral justification for a 51% attack. After all a sane society would use government intervention to eliminate the decentralized ponzi schemes that are cryptocurrencies. There are a few things that need to be considered however:
-Governments have so far failed in their responsibility to address the cryptocurrency schemes. Instead you tend to see officials insist that proof of work might suck and most cryptocurrency is a scam, but ¨blockchain technology¨ will somehow change the world for the better. Most libertarians who saw these schemes emerge insisted that it´s stupid to participate in them because the government would eventually ban them and round up the people who participated in them. This didn´t happen because of the logistical difficulty of suppressing these schemes (anyone with an internet connection can set one up) as well as the fact that suppressing them would lend credence to the anti-government anarcho-capitalist ideology on which these schemes are based. Goverments might say ¨these schemes facilitate crime, ruin the environment and redistribute wealth from naive individuals to scammers¨, but anarcho-capitalists would insist that governments have grown so tyrannical that they want to ban you from exchanging numbers on computers.
-Because cryptocurrency is fundamentally an online social arrangement, governments have very limited influence over the phenomenon. Binance seeks to become a stateless organization, not subject to the jurisdiction of any particular government. Just as with regular money laundering and tax evasion that hides in small nations that can earn huge sums of money by facilitating these practises, governments are dependent on the actions of individuals to address these practices. Whistleblowers released the panama papers and the tax evasion by German individuals through Swiss bank accounts. Through such individuals, the phenomenon could be properly addressed. In a similar manner, cryptocurrency schemes will need to be addressed through the actions of individuals who recognize the damage these schemes cause to the fabric of society.
-The very nature of a 51% attack means that it primarily punishes those who set up and facilitate the cryptocurrency scheme in the first place. The miners who pollute our environment to satiate their own greed are bankrupted by the fact that their blocks are orphaned. The exchange operators are bankrupted due to double-spend attacks against the scams that they facilitate. When this happens, the cryptocurrency in question should lose value, which then destroys the incentive to devote huge sums of electricity to it.
Finally, there´s the question of whether 51% attacks are viable as a response to cryptocurrency. There´s the obvious problem you run into, that the biggest and oldest scams are the most difficult to shut down. In addition, cryptocurrencies that fell victim to an attack tend to move towards a checkpoint system. However, there are a few things that need to be considered here:
-51% attacks against small cryptocurrencies might not have a huge impact, but their benefit is nonetheless apparent. Most of the new scams don´t require participants to mine, instead the new schemes generally depend on ¨staking¨. If people had not engage in 51% attacks, the environmental impact would have been even bigger now.
-51% attacks against currencies that implement checkpointing are not impossible, if the checkpoints are decentrally produced. What happens in that case is a chain split, as long as the hostile chain is released at the right time. This would mean that different exchanges may get stuck on different forks, which would still allow people to double spend their cryptocurrency.
-There are other attacks that can be used against proof of work cryptocurrencies. The most important one is the block withholding attack. It´s possible for people who dislike a cryptocurrency to join a pool and to start mining. However, whenever the miner finds a valid solution that would produce a block, he fails to share the solution with the pool. This costs money for the pool operator, but it can be lucrative for the actor if he also operates a competing pool himself. In the best case it leads to miners moving to his pool, which then potentially allows him to execute a 51% attack against the cryptocurrency.
-It´s possible to put up a 51% attack bounty, allowing others to do the work for you. This works as following. You make transaction A : 100 bitcoin to exchange X, for a fee of 0.001 BTC. Once this transaction has been included in a block, you immediately broadcast a conflicting transaction with another node: You´ŕe sending those 100 bitcoin to your own wallet, but you´re also including a 50 bitcoin fee for the miners. The miners now have a strong incentive to disregard the valid chain and to start mining a new chain on an older block that can still include your conflicting transaction. Provided that pool operators are rational economic agents, they should grab the opportunity.
-Selfish mining in combination with a Sybil attack allows someone to eclipse the rest of the network, while controlling less than 51% of the hashrate. Your malicious nodes will simply refuse to propagante blocks of your competitors, thereby giving you more time to release your own block. Selfish mining will always be possible with 33% of the hashrate and as far as I can tell there are no pathways known currently to make the scheme impossible for people with 25% of the hashrate. This potentially makes a 51% attacks lucrative without having to carry out double-spend attacks against exchanges. Although double spending is a form of theft, it´s not clear to me whether a selfish mining attack would get you into legal trouble or not.

Conclusion:

The dreaded 51% attack is a morally justifiable and potentially lucrative solution to the Nakamoto scheme.
submitted by milkversussoy to Buttcoin [link] [comments]

The History, The Current State And The Future Of NavCoin

The History, The Current State And The Future Of NavCoin

This is it. If you're interested to see what NAV is all about, this is the ultimate guide for you. You will learn about the history of NavCoin and how it evolved. You will learn about the current state and features of NavCoin and you will learn about the exciting new features that are planned and coming up in the (near) future.
So buckle up, this is going to be a long ride!

Table Of Content


Introduction - What is NavCoin?


The History

Introduction
The following chapter will summarize and break down the history of NavCoin in a few sentences. NAV started a long time ago, went through rebrandings and changes of the core team before it became what it is today.

SummerCoin
NavCoin was initially first introduced under the name SummerCoin on April 23 in 2014. SummerCoin was a fork of the Bitcoin blockchain. It used to have a PoW/PoS hybrid algorithm with a block time of 45 seconds.

SummerCoinV2 /NavajoCoin
Soon after the initial launch of SummerCoin, the original developer left and SoopY (soopy452000 on bitcointalk) took over as the main developer and rebranded the project to SummerCoinV2 respectively NavajoCoin and introduced new features.
The name NavajoCoin was chosen in honor of the Navajo Code Talker. The unbreakable Navajo code was used to encrypt highly classified military information and commands and decrypt the same in WW II.
SoopY introduced a technology which allowed sending transactions anonymously and private. This technology was called "Navajo Anonymous Technology". SoopY also released a new wallet and set the Proof of Stake rewards at 10% for the first year, 5% for the second year and 2% for every year after.

NavCoin
On August 12, 2014, Craig (current lead core developer, pakage on bitcointalk) started to get involved with NAV by helping to set up a website [10].
It was officially announced that Craig joined the core team as a "Wallet & Web Developer" on November 06, 2014.
The last tokenswap and restart of the blockchain of NAV happened on May 12, 2016.
Soon later, SoopY stopped showing up and Craig stepped into the role of the lead core developer. Since then, Craig has assembled a strong team with which he built NavCoin into what it is today.
Currently, Craig and the NavCoin Core team is located in New Zealand and they are actively developing many ground-braking features which differentiate NAV from other cryptocurrencies. You will read more about that later in this article.

The Current State

Introduction
The year 2018 has been a thriving year for the NavCoin ecosystem. Despite the USD price of NAV not reflecting it, in 2018 the core team has developed a whole bunch of new features. Also the core content creators published the first official guidelines that function as an orientation guide for community content creators. This chapter will give you an overview of the current team, the features, the prior mentioned guidelines and the community of NavCoin.

Core Team [1]
Last year, the core team has grown alot. It contains of developers, content creators and interns. The core team are employees of Encrypt S, the New Zealand's leading blockchain R&D lab. Encrypt S is developing blockchain solutions since 2014 and values building open-source software highly.

Craig MacGregor - Chief Executive Officer
Craig is the CEO of Encrypt S and the founder of NavCoin. He is one of the world's most experienced blockchain developers. Craig founded NavCoin in 2014 and is developing software for it since then. He has assembled a strong team of like-minded people. Craig also speaks at seminars and conferenced. Some of the companies and conferences he did blockchain education sessions at are Oracle, Xero, Air New Zealand, Blok Tex and trademe. Together with the team, he is also doing a education series on YouTube where he explains upcoming features in-depth for the community.

Alex Vazquez - Chief Technical Officer
Alex is the CTO of Encrypt S and the most active contributor to the NavCoin core Github. He has incredible knowledge of blockchains and proposes and implements solutions for challenges and features. He supports community developers frequently and answers any questions of the community thoroughly. Like Craig, Alex is developing software for the NavCoin ecosystem for a very long time. Alex speaks at universities at times and educates students about the blockchain technology.

Paul Sanderson - Lead Software Engineer
Paul is the Lead Software Engineer at Encrypt S. He has a flair for technology. His technical and management skills are perfectly suited for consultancy and investment advising. He also frequently contributes to the NavCoin core source code.

Rowan Savage - Senior Software Engineer
Rowan is a full stack software engineer with more than a decade experience in developing complex front-end web applications. He joined Encrypt S in February 2018 and has since been involved in the Valence Plattform, the Kauri Wallet and NavCoin Core. You will read more about these feature/projects later.

Carter Xiao - Lead UX/UI Designer
Carter specializes in user-centric design and is also very talented with 3D animation, motion graphics and programming. One of NavCoins core principle is "Simplifying Crypto" and UX/UI is a very important part of that.

Matt Paul - Software Engineer
Like Rowan, Matt is a full stack Software Engineer. He joined the core team in Mai 2017 and has since worked on NavPay, NavPi, the Kauri Wallet and NavCoin Core. Kieren Hyland - Chief Strategy Officer Kieren is one of the employees that are working for Encrypt S for a very long time. He is the CSO and is a digital strategist and growth hacker with a passion for new technology and has a lot of experience in online marketing. Laura Harris - Creative Director Laura has a combination of commercial and creative flair. She manages the social media accounts for NavCoin and ensures, that NavCoins' message is always powerful, relevant and distinctive. John Darby - Content Creator John is an internationally awarded Technology and Financial sector marketing communications specialist. He is one of the Core Content Creators for NavCoin.

Features of NavCoin [2]
The following features are currently available and have been developed in the last months and years. It is sorted from newest to oldest.

Static Block Reward
The soft-fork for the enabling of static block rewards have been accepted and became active recently at 5th January 2019. This means, that the block reward was changed from a percentage based reward to a static reward. This will incentivize the stakers to have their node online 24/7 which increased the security of the network. It also aligns NavCoin with the PoSv3 specification. With this implementation, the yearly inflation will be 3.6% currently and will exponentionally decrease because of the static value of the rewards. Every staked block will now give the staker 2 NAV. Depending on how many people are staking, the yearly percentage varies. With the network weight currently being around 20'000'000 NAV, stakers earn around 10% rewards from staking 24/7.

Cold staking
To provide extra security to participants in the staking process in the NavCoin network, the core team decided to implement cold staking. This allows to store NAV offline and still be able to sign staking inputs. Looking forward, a possible integration into the Ledger Nano S would mean, that one can stake NAV securely from a offline hardware wallet. How cool is that?

OpenAlias
One of the core principle of NAV is to simplify cryptocurrencies. Many non-technical people are deterred from the long, cryptic addresses used in wallets. When sending funds, you have to make sure that every single letter and digit is correct which is nerve-wracking for the average person. NavCoin has implemented OpenAlias, which allows to transform the wallet address into a email-like form. Everyone can register a name like "[[email protected]](mailto:[email protected])". Funds can then be sent to this name, which makes sending crypto much easier and less error-prone.

Community Fund
This is the one big feature I was most excited about. NavCoin core has implemented the first fully decentralized community fund. Acceptance of proposals and release of funds is all approved by the decentralized network. No central authority has access to the fund. The community fund enables everyone to propose their ideas to the NavCoin community and to get paid to implement these ideas. Everyone can propose whatever they like (of course there is a higher rate of success if the proposal contributes to the NavCoin ecosystem ;-)). In fact, this article was sponsored by the NAV-Community by voting "yes" for my proposal. The fund works like this:
For a fee of 50 NAV, everyone can create and present his idea/proposal to the entire NavCoin network. The fee is here to help prevent spam attacks. Proposals can literally be anything - be it development, marketing or anything else you can some up with.
After creating the proposal, everyone contributing to the NavCoin network can then decide if they like the proposal of not. They vote with "Yes" or "No" for the acceptance of the proposal. Voting happens via staking. Every transaction that gets validated by you gives you one vote. This means that the more NAV you are staking, the higher your voting weight is.
The proposal stays in the state "Pending" until it is accepted or rejected. To be accepted, a proposal has to have a participation of at least 50% of all staked blocks and at least 75% of these votes have to be "Yes"-votes. Like-wise to be rejected a proposal need 50% participation of the network and 75% of these votes have to be "No"-votes. Additionally, if a proposal didn't pass after 6 voting cycles (about 6 weeks) it is also rejected.
After a proposal has been accepted, the creator of the proposal can start his work. When the work is finished, or at in the proposal defined checkpoints, the proposal creator can create a payment request for the full or part of the requested funds.
The NavCoin network can then again decide, if the work is what the creator promised to do and vote for the funds or reject the payment request because it was not what he promised. This mechanism ensures, that the funds are only release if the creator of the proposal did what he promised. The NavCoin network decides everything, there is no central authority which makes the community fund 100% decentralized.
The community fund is quite new but there have already been some proposals that were accepted like paying for the development & hosting of NAV block explorer, the creation and distribution of NAV car stickers to the community for free (or paid by the community fund), the funding of interns for NavCoin Core, translation of the website into other languages and YouTube videos. What ideas could you come up with? By the way: this article was also sponsored by the community fund :-)

Proof of Stake
Like said before, NavCoin uses the Proof of Stake algorithm to create and validate blocks. Participants of the NavCoin network can earn rewards by putting their coins to stake and thus validating blocks and securing the network. The reward used to be 4% fixed but recently changed with the implementation of PoSv3. Currently, rewards for stakers that are staking 24/7 is about 10% but it is dependent on how many people are staking. If more nodes come online, this reward will go down. If 90% of all NAVs would be at stake, stakers would still earn 4%.

Tutorials And Guidelines [3]
The NavCoin Core team pushes the community to contribute to the NavCoin ecosystem constantly. They emphasize that NavCoin is an open source project and everyone can contribute. The team tries to make it as easy as possible for the average person to contribute and thus created different tutorials and guidelines.

Tutorials To Contribute To The Website
The whole website is open source. Everyone can contribute to the website. The team created different guides for people to follow [4].

The NavCoin Developer Manifesto
The content creator core team has build a developer manifesto. It defines the values that should be uphold like for example that they will always operate in the best interest of the network. If defines the principles, purposes, scope of involvement and operational requirements [5].

The NavCoin Content Creation Manifesto
Similar to the developer manifesto, there is also a content creation manifesto. Again it defines the principles for creating content, the purpose, the scope of involvement and the operational requirements [6].

NavCoin Brand Guidelines
In addition to the content creation manifesto, there is also a brand guideline booklet. This should help content creators to create images, videos, articles etc. in the same style as the core team. It defines the NAV brand. The brand guidelines contain definitions, the language to use (words to use, words not to use), the tone of voice, what the community aspires to be and what we discourage to be. It also contains the logo pack which can be used in graphics etc. It describes correct logo spacing, logo placement, the colors of NAV and different web assets. It gives tips about gradients and overlays, the typefaces (with a font pack) and many more. Check it out yourself [7].

NavCoin Educational Series
The core team has decided to actively involve the community in the creation of new features. For this reason and to allow users to ask questions, they created the NavCoin Educational Series. The core team schedules an online live meetup which can be joined by everyone. On YouTube they do live-streams and explain upcoming features. Examples of these series are explanations for cold staking, static rewards (PoSv3) and the community fund. The community can ask questions live and the core team will answer them immediately.

Community
During the last year there have been an influx of software developers from the community starting to create features for NAV.

navexplorer.com
An examples is navexplorer.com which is programmed by community developer prodpeak and is a block explorer for NavCoin. Additionally, it functions as a interface to see what is going on in the community fund. It shows pending proposals and payment requests.

NEXT Wallet
The NEXT Wallet is an alternative wallet for NAV and other cryptocurrencies. It has a beautiful user interface and is additionally the easiest interface to interact with the community fund (create proposals, create payment requests and vote for proposals and payment requests). It is programmed by community developer sakdeniz who put hundreds of hours into it during last year.

There were also some marketing activities starting to emerge with the release of the community fund. Some of these were for example free stickers for everyone in the NAV community to stick to their car / shop / window etc. or YouTube videos of CryptoCandor and Cryptomoonie that explained the details of NAV. I am sure, that with the 500'000 NAV available in the community fund per year there will be an influx of gread ideas - development as well as marketing activities - that will be funded.

The Future

Introduction
These features are planned for the future. Many of the following features are part of the 2019 roadmap. Some will not be described in great detail because not much is known about them yet. I've still listed them as they are part of what is yet to come.

Features
Rimu - Improved Privacy Solution
NavCoin used to be a optional privacy coin. That means, that you could choose to send a transaction in private. NavCoin was criticized for the way it handles private payments because it relied on a few servers which didn't make it that decentralized. The technology was called "NavTech" and was a secondary blockchain that obscured the transaction and the amount that was sent. NavCoin Core is currently developing a new improved privacy solution that will make the private payment system completely trustless and districuted and runs at a protocol level. Alex of the NavCoin Core team has published a paper that describes this new privacy solution. It's called Zero Confidential Transactions and can be found here: https://www.researchgate.net/publication/330366788_ZeroCT_Improving_Zerocoin_with_Confidential_Transactions_and_more. What I want to highlight is the collaboration between Alex as the proposer of the solution and the Veil team, a Bitcoin Core developer and Moneros main cryptographer as reviewers. When the best work together, it will be interesting to see what the outcome is!

Valence Plattform [8]
Valence is an applied Blockchain platform that can help businesses realise the tangible benefits of blockchain. You can think of Valence as a platform with which you can build Anonymous Distributed Applications (aDapps) with. But Valence is a different kind of platform that enables developers to create new types of blockchain applications. The problem with current (turing complete) dApp platforms are their complexity and rigid nature. Security holes in smart contracts and scaling issues happen frequently [9].
Valence provides transitional pathways that let businesses migrate only part of their activities to the blockchain without having to restructure their entire business model [9].
Valence will provide a spectrum of blockchain application solutions which sit along the decentralized spectrum, offering businesses simple ways to dip their toes into the blockchain at minimal risk or complexity [9].
Thanks to the proof of stake nature of the Valence blockchain, more of a node's resources can be used for processing and routing application data which makes the platform faster and scalable.
Valence aims to make building blockchain applications as accessible to the general public as WordPress or Squarespace has made building websites.
The developers NavCoin and Valence aim to make Valence extremely easy to work with:
A Valence application could be an open source mobile or web application that submits unencrypted or encrypted data directly to the blockchain. The only configuration necessary for the app developer would be setting up the data structure. Once they've done that they can start writing to the blockchain immediately.
The Valence blockchain interface is language agnostic, meaning developers are free to build applications in whichever language they're familiar with, which greatly reduces the barrier to entry.
As the platform progresses, Valence will introduce more and more smart contract templates in collaboration with the development community. These will be like plugins that users can simply select and configure for their application, without having to reinvent the wheel and risk contract errors or spend countless hours of research to program them.

NavShopper
The following information is taken from the latest weekly news: NavShopper is a new project which will allow people to spend NavCoin on a growing list of retailers and service providers. NavShopper sits between traditional retailers accepting fiat and NavCoin users and purchases products on behalf of the user by managing the crypt-fiat conversion, payment and shipping. This project will unlock many more ways for people to spend NAV on existing websites/marketplaces without requiring each site to individually accept cryptocurrencies. Some of the prototypes we are working on include crediting your Uber account, buying products on Amazon and donating to charities.

Kauri Wallet
The Kauri Wallet aims to be an open-source, multi-currency wallet which functions as a foundation for other features.

Kauri Enhanced
Enhancements to the Kauri Wallet will allow multiple accounts, pin numbers, recurring payments and more.

Kauri DAEx
The Kauri DAEx is a Decentralised Atomic Exchange that utilises the features of the Kauri Wallet and enables users to create safe peer to peer atomic exchanges for any currency supported by the Kauri Wallet. NavDelta NavDelta will be a payment gateway that allows users to spend NAV at any business which accepts currencies supported by the Kauri Wallet. NavMorph NavMorph is a fusion of Rimu and Kauri DAEx and will allow to privately send every cryptocurrency supported by the Kauri Wallet.

Outro

If you have made it this far: Congratulations! You have learned about how NAV evolved, what its current state is and what the future will bring. To sum all up: NavCoin has made incredible progress during last year and released many long awaited features despite the bear market. Many more exciting features are yet to come and it's going to be very interesting to see where we will stand on this day next year.

Giveaway

Unfortunately, the giveaway was not possible in the cryptocurrency-subreddit because of their rules, so I'm doing it here :-) As a surprise, in the next few hours I am going to send some NAV to everyone who wants to try out the awesome features you have read about above.
To get your NAVs, all you have to do is the following:
If you liked the experience, I'd be happy to hear back from you :)

References

[1] https://encrypt-s.com/company/
[2] https://navcoin.org/en/roadmap/
[3] https://navhub.org/get-involved/
[4] https://navhub.org/how-to-guide/
[5] https://navhub.org/assets/NavCoinDeveloperManifesto.pdf
[6] https://navhub.org/assets/NavCoinContentManifesto.pdf
[7] https://navhub.org/assets/NavCoinBrandGuidelines.pdf
[8] https://valenceplatform.org/
[9] https://valenceplatform.org/learn/business-on-the-blockchain-made-easy/
[10] https://bitcointalk.org/index.php?topic=679791.msg8320228#msg8320228
submitted by crypto_sIF to CryptoCurrency [link] [comments]

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