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Dragonchain Great Reddit Scaling Bake-Off Public Proposal

Dragonchain Great Reddit Scaling Bake-Off Public Proposal

Dragonchain Public Proposal TL;DR:

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

Hello Reddit and Ethereum community!

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

Executive summary

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

Response and PoC

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

Live Demo

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

Source Code

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

Scaling

How it works & scales

Architectural Scaling

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

Economic Scaling

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

Scaled Deployment

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

Flexibility in Scaling

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

Cost

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

Getting Started

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

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

API Documentation

APIs (on chain & off)

SDK Source

Nobody’s Perfect

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

Costs and resources

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

Requirements

Scaling

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

Decentralization

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

Usability Scaling solutions should have a simple end user experience.

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

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

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

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

Bonus Points

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

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

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

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

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

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

Bonus

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

TIME

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

Dragon Den

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

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

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

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

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

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

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

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

Other Considerations

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

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

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

Conclusion

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

Disney Releases Blockchain Platform as Open Source

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

Open Source

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

Dragonchain Foundation

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

BitMax Announces the Launch of Its Distinctive Derivative Trading

BitMax.io (BTMX.com), an industry-leading digital asset trading platform, has announced the introduction of derivatives trading as part of its continuous strategic product expansion. Complementing its current spot and margin trading products, derivative trading has been officially launched on March 23rd, 9:30 a.m. EDT with a Bitcoin-based Perpetual Contract before extending to other assets and product offerings.
As a new industry entrant to the derivative market, BitMax.io seeks to differentiate its offering with an innovative approach to system architecture design that focuses on more efficient, resilient, and secure trading of leveraged contracts. Some of the platform’s highlights are summarized as below:
  1. Cross-Asset Collateral: Users can post USDT, PAX, USDC, BTC, and ETH as margin to increase buying or selling power for potentially higher returns; thus, allowing for greater funding flexibility and diversification.
  2. Distinctive Liquidation Engine: The platform employs a unique smart order router mechanism designed to reduce distressed account positions with minimal market impact before transferring risk to opt-in institutions via a “Backstop Liquidity Provider” program (“BLP Program”).
  3. Composite Price: BitMax.io calculates users’ trading profit and loss (PnL) positions, and collateral value using an “index” computed by taking an average price derived from relevant order books on Binance, Huobi, OKEx, Poloneix, and BitMax.io. The index pricing methodology is intended to mitigate unnecessary market volatility due to pricing disruptions on any single trading venue.
  4. Deep Liquidity, Tight Spreads: BitMax.io strives to engage a diverse range of trading counterparties on a unified order book shared between multiple trading platforms, therefore aggregating global liquidity to promote trading efficiency. Other futures trading platforms and dealers can onboard with the central matching engine to provide optimal trading conditions for their respective users.
Throughout much of 2019, BitMax.io has emerged as an industry front-runner for spot and margin trading by delivering innovative products and exemplifying a client-centric approach. The platform’s foray into the derivatives marketplace is a testament to the BitMax.io team’s relentless drive to build a holistic suite of trading products leveraging their deep-rooted expertise in traditional finance.
“An agile go-to-market strategy and robust system architecture are probably the two most important considerations the BitMax.io team has had when building our derivatives platform,” states Shane Molidor, BitMax.io’s Head of Business Development.
submitted by o2ziga to BitMax [link] [comments]

Decred Journal – August 2018

Note: you can read this on GitHub (link), Medium (link) or old Reddit (link) to see all the links.

Development

dcrd: Version 1.3.0 RC1 (Release Candidate 1) is out! The main features of this release are significant performance improvements, including some that benefit SPV clients. Full release notes and downloads are on GitHub.
The default minimum transaction fee rate was reduced from 0.001 to 0.0001 DCkB. Do not try to send such small fee transactions just yet, until the majority of the network upgrades.
Release process was changed to use release branches and bump version on the master branch at the beginning of a release cycle. Discussed in this chat.
The codebase is ready for the new Go 1.11 version. Migration to vgo module system is complete and the 1.4.0 release will be built using modules. The list of versioned modules and a hierarchy diagram are available here.
The testnet was reset and bumped to version 3.
Comments are welcome for the proposal to implement smart fee estimation, which is important for Lightning Network.
@matheusd recorded a code review video for new Decred developers that explains how tickets are selected for voting.
dcrwallet: Version 1.3.0 RC1 features new SPV sync mode, new ticket buyer, new APIs for Decrediton and a host of bug fixes. On the dev side, dcrwallet also migrated to the new module system.
Decrediton: Version 1.3.0 RC1 adds the new SPV sync mode that syncs roughly 5x faster. The feature is off by default while it receives more testing from experienced users. Other notable changes include a design polish and experimental Politeia integration.
Politeia: Proposal editing is being developed and has a short demo. This will allow proposal owners to edit their proposal in response to community feedback before voting begins. The challenges associated with this feature relate to updating censorship tokens and maintaining a clear history of which version comments were made on. @fernandoabolafio produced this architecture diagram which may be of interest to developers.
@degeri joined to perform security testing of Politeia and found several issues.
dcrdata: mainnet explorer upgraded to v2.1 with several new features. For users: credit/debit tx filter on address page, showing miner fees on coinbase transaction page, estimate yearly ticket rewards on main page, cool new hamburger menu and keyboard navigation. For developers: new chain parameters page, experimental Insight API support, endpoints for coin supply and block rewards, testnet3 support. Lots of minor API changes and frontend tweaks, many bug fixes and robustness improvements.
The upcoming v3.0 entered beta and is deployed on beta.dcrdata.org. Check out the new charts page. Feedback and bug reports are appreciated. Finally, the development version v3.1.0-pre is on alpha.dcrdata.org.
Android: updated to be compatible with the latest SPV code and is syncing, several performance issues are worked on. Details were posted in chat. Alpha testing has started, to participate please join #dev and ask for the APK.
iOS: backend is mostly complete, as well as the front end. Support for devices with smaller screens was improved. What works now: creating and recovering wallets, listing of transactions, receiving DCR, displaying and scanning QR codes, browsing account information, SPV connection to peers, downloading headers. Some bugs need fixing before making testable builds.
Ticket splitting: v0.6.0 beta released with improved fee calculation and multiple bug fixes.
docs: introduced new Governance section that grouped some old articles as well as the new Politeia page.
@Richard-Red created a concept repository sandbox with policy documents, to illustrate the kind of policies that could be approved and amended by Politeia proposals.
decred.org: 8 contributors added and 4 removed, including 2 advisors (discussion here).
decredmarketcap.com is a brand new website that shows the most accurate DCR market data. Clean design, mobile friendly, no javascript required.
Dev activity stats for August: 239 active PRs, 219 commits, 25k added and 11k deleted lines spread across 8 repositories. Contributions came from 2-10 developers per repository. (chart)

Network

Hashrate: went from 54 to 76 PH/s, the low was 50 and the new all-time high is 100 PH/s. BeePool share rose to ~50% while F2Pool shrank to 30%, followed by coinmine.pl at 5% and Luxor at 3%.
Staking: 30-day average ticket price is 95.6 DCR (+3.0) as of Sep 3. During the month, ticket price fluctuated between a low of 92.2 and high of 100.5 DCR. Locked DCR represented between 3.8 and 3.9 million or 46.3-46.9% of the supply.
Nodes: there are 217 public listening and 281 normal nodes per dcred.eu. Version distribution: 2% at v1.4.0(pre) (dev builds), 5% on v1.3.0 (RC1), 62% on v1.2.0 (-5%), 22% on v1.1.2 (-2%), 6% on v1.1.0 (-1%). Almost 69% of nodes are v.1.2.0 and higher and support client filters. Data snapshot of Aug 31.

ASICs

Obelisk posted 3 email updates in August. DCR1 units are reportedly shipping with 1 TH/s hashrate and will be upgraded with firmware to 1.5 TH/s. Batch 1 customers will receive compensation for missed shipment dates, but only after Batch 5 ships. Batch 2-5 customers will be receiving the updated slim design.
Innosilicon announced the new D9+ DecredMaster: 2.8 TH/s at 1,230 W priced $1,499. Specified shipping date was Aug 10-15.
FFMiner DS19 claims 3.1 TH/s for Blake256R14 at 680 W and simultaneously 1.55 TH/s for Blake2B at 410 W, the price is $1,299. Shipping Aug 20-25.
Another newly noticed miner offer is this unit that does 46 TH/s at 2,150 W at the price of $4,720. It is shipping Nov 2018 and the stats look very close to Pangolin Whatsminer DCR (which has now a page on asicminervalue).

Integrations

www.d1pool.com joined the list of stakepools for a total of 16.
Australian CoinTree added DCR trading. The platform supports fiat, there are some limitations during the upgrade to a new system but also no fees in the "Early access mode". On a related note, CoinTree is working on a feature to pay household bills with cryptocurrencies it supports.
Three new OTC desks were added to exchanges page at decred.org.
Two mobile wallets integrated Decred:
Reminder: do your best to understand the security and privacy model before using any wallet software. Points to consider: who controls the seed, does the wallet talk to the nodes directly or via middlemen, is it open source or not?

Adoption

Merchants:

Marketing

Targeted advertising report for August was posted by @timhebel. Facebook appeal is pending, some Google and Twitter campaigns were paused and some updated. Read more here.
Contribution to the @decredproject Twitter account has evolved over the past few months. A #twitter_ops channel is being used on Matrix to collaboratively draft and execute project account tweets (including retweets). Anyone with an interest in contributing to the Twitter account can ask for an invitation to the channel and can start contributing content and ideas there for evaluation by the Twitter group. As a result, no minority or unilateral veto over tweets is possible. (from GitHub)

Events

Attended:
For those willing to help with the events:
BAB: Hey all, we are gearing up for conference season. I have a list of places we hope to attend but need to know who besides @joshuam and @Haon are willing to do public speaking, willing to work booths, or help out at them? You will need to be well versed on not just what is Decred, but the history of Decred etc... DM me if you are interested. (#event_planning)
The Decred project is looking for ambassadors. If you are looking for a fun cryptocurrency to get involved in send me a DM or come talk to me on Decred slack. (@marco_peereboom, longer version here)

Media

Decred Assembly episode 21 is available. @jy-p and lead dcrwallet developer @jrick discussed SPV from Satoshi's whitepaper, how it can be improved upon and what's coming in Decred.
Decred Assembly episodes 1-21 are available in audio only format here.
New instructional articles on stakey.club: Decrediton setup, Deleting the wallet, Installing Go, Installing dcrd, dcrd as a Linux service. Available in both English and Portuguese.
Decred scored #32 in the August issue of Chinese CCID ratings. The evaluation model was explained in this interview.
Satis Group rated Decred highly in their cryptoasset valuation research report (PDF). This was featured by several large media outlets, but some did not link to or omitted Decred entirely, citing low market cap.
Featured articles:
Articles:
Videos:

Community Discussions

Community stats:
Comm systems news:
After another debate about chat systems more people began testing and using Matrix, leading to some gardening on that platform:
Highlights:
Reddit: substantive discussion about Decred cons; ecosystem fund; a thread about voter engagement, Politeia UX and trolling; idea of a social media system for Decred by @michae2xl; how profitable is the Obelisk DCR1.
Chats: cross-chain trading via LN; plans for contractor management system, lower-level decision making and contractor privacy vs transparency for stakeholders; measuring dev activity; what if the network stalls, multiple implementations of Decred for more resilience, long term vision behind those extensive tests and accurate comments in the codebase; ideas for process for policy documents, hosting them in Pi and approving with ticket voting; about SPV wallet disk size, how compact filters work; odds of a wallet fetching a wrong block in SPV; new module system in Go; security of allowing Android app backups; why PoW algo change proposal must be specified in great detail; thoughts about NIPoPoWs and SPV; prerequisites for shipping SPV by default (continued); Decred vs Dash treasury and marketing expenses, spending other people's money; why Decred should not invade a country, DAO and nation states, entangling with nation state is poor resource allocation; how winning tickets are determined and attack vectors; Politeia proposal moderation, contractor clearance, the scale of proposals and decision delegation, initial Politeia vote to approve Politeia itself; chat systems, Matrix/Slack/Discord/RocketChat/Keybase (continued); overview of Korean exchanges; no breaking changes in vgo; why project fund burn rate must keep low; asymptotic behavior of Decred and other ccs, tail emission; count of full nodes and incentives to run them; Politeia proposal translations and multilingual environment.
An unusual event was the chat about double negatives and other oddities in languages in #trading.

Markets

DCR started the month at USD 56 / BTC 0.0073 and had a two week decline. On Aug 14 the whole market took a huge drop and briefly went below USD 200 billion. Bitcoin went below USD 6,000 and top 100 cryptos lost 5-30%. The lowest point coincided with Bitcoin dominance peak at 54.5%. On that day Decred dived -17% and reached the bottom of USD 32 / BTC 0.00537. Since then it went sideways in the USD 35-45 / BTC 0.0054-0.0064 range. Around Aug 24, Huobi showed DCR trading volume above USD 5M and this coincided with a minor recovery.
@ImacallyouJawdy posted some creative analysis based on ticket data.

Relevant External

StopAndDecrypt published an extensive article "ASIC Resistance is Nothing but a Blockchain Buzzword" that is much in line with Decred's stance on ASICs.
The ongoing debates about the possible Sia fork yet again demonstrate the importance of a robust dispute resolution mechanism. Also, we are lucky to have the treasury.
Mark B Lundeberg, who found a vulnerability in atomicswap earlier, published a concept of more private peer-to-peer atomic swaps. (missed in July issue)
Medium took a cautious stance on cryptocurrencies and triggered at least one project to migrate to Ghost (that same project previously migrated away from Slack).
Regulation: Vietnam bans mining equipment imports, China halts crypto events and tightens control of crypto chat groups.
Reddit was hacked by intercepting 2FA codes sent via SMS. The announcement explains the impact. Yet another data breach suggests to think twice before sharing any data with any company and shift to more secure authentication systems.
Intel and x86 dumpsterfire keeps burning brighter. Seek more secure hardware and operating systems for your coins.
Finally, unrelated to Decred but good for a laugh: yetanotherico.com.

About This Issue

This is the 5th issue of Decred Journal. It is mirrored on GitHub, Medium and Reddit. Past issues are available here.
Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research.
Feedback is appreciated: please comment on Reddit, GitHub or #writers_room on Matrix or Slack.
Contributions are welcome too. Some areas are collecting content, pre-release review or translations to other languages. Check out @Richard-Red's guide how to contribute to Decred using GitHub without writing code.
Credits (Slack names, alphabetical order): bee, Haon, jazzah, Richard-Red and thedecreddigest.
submitted by jet_user to decred [link] [comments]

Can ParamountDax Challenge Binance, Poloniex, and Bitfinex?

Can ParamountDax Challenge Binance, Poloniex, and Bitfinex?

https://preview.redd.it/cmgzvivop8y31.png?width=540&format=png&auto=webp&s=efae868fb8d23b08d126359e06ee28be02350325
Dear Community,
ParamountDax’s dream of becoming a cryptocurrency giant seems to become more achievable day by day, however, cryptocurrencies have noticeable challenges both at the technical and the social level, so let’s dive in.
The majority of well-known large exchanges have encountered unforeseen problems, for example, Binance, Bittrex, Poloniex.
ParamountDax is a promising platform for cryptocurrency exchange, which took into account all the flaws of its competitors and created a unique and comfortable platform for its users.
A few important steps before joining an exchange:
Reputation — reputation is always the major point, which defines the brand in general.
Security — is the second and very important way to identify the right platform, as it’s important to know your money is safe.
Fees — some bitcoin exchanges are taking a fee on every transaction like withdrawal, deposit, or trading, some of them are not. Choose the platform according to the kind of trader you are.
Payment Methods — every platform has different methods, make your own analysis and find out what fits you more.
Verification Requirements and Geographical Restrictions — are also important. Pay attention to this part before completing the registration.
Support — The best services offer 24/7 support.

BINANCE

About: Binance is a China-based cryptocurrency exchange that gives users access to a robust set of trading tools, charts, and security features. Following a successful initial coin offering (ICO), Binance began live trading in July 2017. By offering both Basic and Advanced exchange interfaces, Binance makes it easy for beginners to use.
Claims that: Low fees on transactions and withdrawals, Capable of processing 1.4 million transactions per second. Binance has a Basic and Advanced exchange view. Security: 2-FA and Google Authenticator to verify withdrawals. However, only Chinese phone numbers are supported for SMS 2-FA.
View MVP: f the few crypto exchanges licensed before its launch date, ParamountDax serves the real needs of the crypto community. In this respect, we created a highly proficient, stable and secure centralized hub for crypto assets. ParamountDax is a Fully — Developed from the scratch, ready-to-use product implemented as a modern-age crypto trading exchange. ParamountDax gives users access to a robust set of trading tools, Trading from the charts, Advanced Market Detector, Daily profit up to 46%, Unique Trading Interface, The simplicity and depth chart are certain to satisfy the needs of any trader at any experience level and security features.
About: As one of the few crypto exchanges licensed before its launch date, ParamountDax serves the real needs of the crypto community. In this respect, we created a highly proficient, stable and secure centralized hub for crypto assets. ParamountDax is a Fully — Developed from the scratch, ready-to-use product implemented as a modern-age crypto trading exchange. ParamountDax gives users access to a robust set of trading tools, Trading from the charts, Advanced Market Detector, Daily profit up to 46%, Unique Trading Interface,The simplicity and depth chart are certain to satisfy the needs of any trader at any experience level and security features.
Claims that: all features are on a single page without having to scroll down to the access order book, trade history, depth chart or other important information. Increase TPS from 100.000 to 1 million transactions per second, Low fees. Multi-language capabilities (it is does not matter what nationality a consumer is).
Security: Risk-Free, Unique security measurements for all users including insurances against hack and employee mistakes, cold wallet storage
POLONIEX
About: Poloniex launched in 2014 and is based out of Wilmington, Delaware, in the United States. Poloniex is a widely used exchange based in the US. It is the largest cryptocurrency exchange in terms of volume. Users can trade almost every crypto coin. It also presents unrestricted access to previous charts of cryptocurrencies.
Claims that: there are many features that experienced traders will appreciate. You can find a range of efficient data-analysis tools, along with very detailed charts that let you make educated decisions regarding trades. The high-volume nature of Poloniex also appeals to traders, particularly the ability to do lending and margin trading.
Security: Poloniex takes care of security in multiple ways. To keep hackers out, it stores the majority of customers’ deposits in air-gapped cold storage offline.

BITFINEX

About: since 2014, Bitfinex has emerged as one of the world’s leading bitcoin exchanges. Based in Hong Kong, the company first entered the market in 2012 and has enjoyed steady expansion ever since. In addition to bitcoin, it provides access to the world’s leading altcoins as well as full-spec wallet services.
Claims that: in addition to being widely recognized as the world’s largest bitcoin exchange, Bitfinex offers a customizable interface that allows you to personalize your workstation. The platform is fully equipped with margin trading and ten different order types that give you the opportunity to trade the market without limitation.
Security: because Bitfinex gets a lot of its liquidity from Tether, many people are concerned that the exchange might not be as financially secure as it claims to be. But it was not any precedents yet.
In Conclusion, ParamountDax offers new tools that satisfy the needs of any trader, which will set its standards for ideal trading. ParamountDax clients are able to count on the answer at their requests 24 hours 7 days a week. Other exchanges could keep silence a few months and the user will stay without helpful information.
The aim of the ParamountDax team is to meet worldwide demand.
Good luck! And see you soon!
Website : https://paramountdax.io/
View MVP : https://staging.paramountdax.com
And here’s how to get involved with the ParamountDax community:
Telegram : https://t.me/joinchat/LNehJxUX9sVoZabNrnaEZA
Twitter : https://twitter.com/ParamountDax
Facebook : https://www.facebook.com/Paramountdax-2024636494500768
Bitcointalk: https://bitcointalk.org/index.php?topic=5137789.0
Reddit: https://www.reddit.com/ParamountDax/
submitted by ParamountDax to ParamountDax [link] [comments]

Can ParamountDax Challenge Binance, Poloniex, and Bitfinex?

Can ParamountDax Challenge Binance, Poloniex, and Bitfinex?

https://preview.redd.it/2t4iq3nap8y31.png?width=540&format=png&auto=webp&s=db672be26a68254ca134670981873fe66c29d36c
Dear Community,
ParamountDax’s dream of becoming a cryptocurrency giant seems to become more achievable day by day, however, cryptocurrencies have noticeable challenges both at the technical and the social level, so let’s dive in.
The majority of well-known large exchanges have encountered unforeseen problems, for example, Binance, Bittrex, Poloniex.
ParamountDax is a promising platform for cryptocurrency exchange, which took into account all the flaws of its competitors and created a unique and comfortable platform for its users.
A few important steps before joining an exchange:
Reputation — reputation is always the major point, which defines the brand in general.
Security — is the second and very important way to identify the right platform, as it’s important to know your money is safe.
Fees — some bitcoin exchanges are taking a fee on every transaction like withdrawal, deposit, or trading, some of them are not. Choose the platform according to the kind of trader you are.
Payment Methods — every platform has different methods, make your own analysis and find out what fits you more.
Verification Requirements and Geographical Restrictions — are also important. Pay attention to this part before completing the registration.
Support — The best services offer 24/7 support.

BINANCE

About: Binance is a China-based cryptocurrency exchange that gives users access to a robust set of trading tools, charts, and security features. Following a successful initial coin offering (ICO), Binance began live trading in July 2017. By offering both Basic and Advanced exchange interfaces, Binance makes it easy for beginners to use.
Claims that: Low fees on transactions and withdrawals, Capable of processing 1.4 million transactions per second. Binance has a Basic and Advanced exchange view. Security: 2-FA and Google Authenticator to verify withdrawals. However, only Chinese phone numbers are supported for SMS 2-FA.
PARAMOUNTDAX
About: As one of the few crypto exchanges licensed before its launch date, ParamountDax serves the real needs of the crypto community. In this respect, we created a highly proficient, stable and secure centralized hub for crypto assets. ParamountDax is a Fully — Developed from the scratch, ready-to-use product implemented as a modern-age crypto trading exchange. ParamountDax gives users access to a robust set of trading tools, Trading from the charts, Advanced Market Detector, Daily profit up to 46%, Unique Trading Interface,The simplicity and depth chart are certain to satisfy the needs of any trader at any experience level and security features.
Claims that: all features are on a single page without having to scroll down to the access order book, trade history, depth chart or other important information. Increase TPS from 100.000 to 1 million transactions per second, Low fees. Multi-language capabilities (it is does not matter what nationality a consumer is).
Security: Risk-Free, Unique security measurements for all users including insurances against hack and employee mistakes, cold wallet storage
POLONIEX
About: Poloniex launched in 2014 and is based out of Wilmington, Delaware, in the United States. Poloniex is a widely used exchange based in the US. It is the largest cryptocurrency exchange in terms of volume. Users can trade almost every crypto coin. It also presents unrestricted access to previous charts of cryptocurrencies.
Claims that: there are many features that experienced traders will appreciate. You can find a range of efficient data-analysis tools, along with very detailed charts that let you make educated decisions regarding trades. The high-volume nature of Poloniex also appeals to traders, particularly the ability to do lending and margin trading.
Security: Poloniex takes care of security in multiple ways. To keep hackers out, it stores the majority of customers’ deposits in air-gapped cold storage offline.

BITFINEX

About: since 2014, Bitfinex has emerged as one of the world’s leading bitcoin exchanges. Based in Hong Kong, the company first entered the market in 2012 and has enjoyed steady expansion ever since. In addition to bitcoin, it provides access to the world’s leading altcoins as well as full-spec wallet services.
Claims that: in addition to being widely recognized as the world’s largest bitcoin exchange, Bitfinex offers a customizable interface that allows you to personalize your workstation. The platform is fully equipped with margin trading and ten different order types that give you the opportunity to trade the market without limitation.
Security: because Bitfinex gets a lot of its liquidity from Tether, many people are concerned that the exchange might not be as financially secure as it claims to be. But it was not any precedents yet.
In Conclusion, ParamountDax offers new tools that satisfy the needs of any trader, which will set its standards for ideal trading. ParamountDax clients are able to count on the answer at their requests 24 hours 7 days a week. Other exchanges could keep silence a few months and the user will stay without helpful information.
The aim of the ParamountDax team is to meet worldwide demand.
Good luck! And see you soon!
Website : https://paramountdax.io/
View MVP : https://staging.paramountdax.com
And here’s how to get involved with the ParamountDax community:
Telegram : https://t.me/joinchat/LNehJxUX9sVoZabNrnaEZA
Twitter : https://twitter.com/ParamountDax
Facebook : https://www.facebook.com/Paramountdax-2024636494500768
Bitcointalk: https://bitcointalk.org/index.php?topic=5137789.0
Reddit: https://www.reddit.com/ParamountDax/
submitted by ParamountDax to u/ParamountDax [link] [comments]

Can ParamountDax Challenge Binance, Poloniex, and Bitfinex?

Can ParamountDax Challenge Binance, Poloniex, and Bitfinex?

https://preview.redd.it/emo8c5oje9y31.png?width=540&format=png&auto=webp&s=ed486c8a0aecb1f1c1060b93575b01a20161c819
Dear Community,
ParamountDax’s dream of becoming a cryptocurrency giant seems to become more achievable day by day, however, cryptocurrencies have noticeable challenges both at the technical and the social level, so let’s dive in.
The majority of well-known large exchanges have encountered unforeseen problems, for example, Binance, Bittrex, Poloniex.
ParamountDax is a promising platform for cryptocurrency exchange, which took into account all the flaws of its competitors and created a unique and comfortable platform for its users.
A few important steps before joining an exchange:
Reputation — reputation is always the major point, which defines the brand in general.
Security — is the second and very important way to identify the right platform, as it’s important to know your money is safe.
Fees — some bitcoin exchanges are taking a fee on every transaction like withdrawal, deposit, or trading, some of them are not. Choose the platform according to the kind of trader you are.
Payment Methods — every platform has different methods, make your own analysis and find out what fits you more.
Verification Requirements and Geographical Restrictions — are also important. Pay attention to this part before completing the registration.
Support — The best services offer 24/7 support.

BINANCE

About: Binance is a China-based cryptocurrency exchange that gives users access to a robust set of trading tools, charts, and security features. Following a successful initial coin offering (ICO), Binance began live trading in July 2017. By offering both Basic and Advanced exchange interfaces, Binance makes it easy for beginners to use.
Claims that: Low fees on transactions and withdrawals, Capable of processing 1.4 million transactions per second. Binance has a Basic and Advanced exchange view. Security: 2-FA and Google Authenticator to verify withdrawals. However, only Chinese phone numbers are supported for SMS 2-FA.
ParamountDax
About: As one of the few crypto exchanges licensed before its launch date, ParamountDax serves the real needs of the crypto community. In this respect, we created a highly proficient, stable and secure centralized hub for crypto assets. ParamountDax is a Fully — Developed from the scratch, ready-to-use product implemented as a modern-age crypto trading exchange. ParamountDax gives users access to a robust set of trading tools, Trading from the charts, Advanced Market Detector, Daily profit up to 46%, Unique Trading Interface,The simplicity and depth chart are certain to satisfy the needs of any trader at any experience level and security features.
Claims that: all features are on a single page without having to scroll down to the access order book, trade history, depth chart or other important information. Increase TPS from 100.000 to 1 million transactions per second, Low fees. Multi-language capabilities (it is does not matter what nationality a consumer is).
Security: Risk-Free, Unique security measurements for all users including insurances against hack and employee mistakes, cold wallet storage
POLONIEX
About: Poloniex launched in 2014 and is based out of Wilmington, Delaware, in the United States. Poloniex is a widely used exchange based in the US. It is the largest cryptocurrency exchange in terms of volume. Users can trade almost every crypto coin. It also presents unrestricted access to previous charts of cryptocurrencies.
Claims that: there are many features that experienced traders will appreciate. You can find a range of efficient data-analysis tools, along with very detailed charts that let you make educated decisions regarding trades. The high-volume nature of Poloniex also appeals to traders, particularly the ability to do lending and margin trading.
Security: Poloniex takes care of security in multiple ways. To keep hackers out, it stores the majority of customers’ deposits in air-gapped cold storage offline.

BITFINEX

About: since 2014, Bitfinex has emerged as one of the world’s leading bitcoin exchanges. Based in Hong Kong, the company first entered the market in 2012 and has enjoyed steady expansion ever since. In addition to bitcoin, it provides access to the world’s leading altcoins as well as full-spec wallet services.
Claims that: in addition to being widely recognized as the world’s largest bitcoin exchange, Bitfinex offers a customizable interface that allows you to personalize your workstation. The platform is fully equipped with margin trading and ten different order types that give you the opportunity to trade the market without limitation.
Security: because Bitfinex gets a lot of its liquidity from Tether, many people are concerned that the exchange might not be as financially secure as it claims to be. But it was not any precedents yet.
In Conclusion, ParamountDax offers new tools that satisfy the needs of any trader, which will set its standards for ideal trading. ParamountDax clients are able to count on the answer at their requests 24 hours 7 days a week. Other exchanges could keep silence a few months and the user will stay without helpful information.
The aim of the ParamountDax team is to meet worldwide demand.
Good luck! And see you soon!
Website : https://paramountdax.io/
View MVP : https://staging.paramountdax.com
And here’s how to get involved with the ParamountDax community:
Telegram : https://t.me/joinchat/LNehJxUX9sVoZabNrnaEZA
Twitter : https://twitter.com/ParamountDax
Facebook : https://www.facebook.com/Paramountdax-2024636494500768
Bitcointalk: https://bitcointalk.org/index.php?topic=5137789.0
Reddit: https://www.reddit.com/ParamountDax/

1

submitted by ParamountDax to Crypto_ICO_Investing [link] [comments]

Can ParamountDax Challenge Binance, Poloniex, and Bitfinex?

Can ParamountDax Challenge Binance, Poloniex, and Bitfinex?

https://preview.redd.it/rp85khq9d9y31.png?width=540&format=png&auto=webp&s=53f056a7439a462c872025ede47eaf5ebf87307f
Dear Community,
ParamountDax’s dream of becoming a cryptocurrency giant seems to become more achievable day by day, however, cryptocurrencies have noticeable challenges both at the technical and the social level, so let’s dive in.
The majority of well-known large exchanges have encountered unforeseen problems, for example, Binance, Bittrex, Poloniex.
ParamountDax is a promising platform for cryptocurrency exchange, which took into account all the flaws of its competitors and created a unique and comfortable platform for its users.
A few important steps before joining an exchange:
Reputation — reputation is always the major point, which defines the brand in general.
Security — is the second and very important way to identify the right platform, as it’s important to know your money is safe.
Fees — some bitcoin exchanges are taking a fee on every transaction like withdrawal, deposit, or trading, some of them are not. Choose the platform according to the kind of trader you are.
Payment Methods — every platform has different methods, make your own analysis and find out what fits you more.
Verification Requirements and Geographical Restrictions — are also important. Pay attention to this part before completing the registration.
Support — The best services offer 24/7 support.

BINANCE

About: Binance is a China-based cryptocurrency exchange that gives users access to a robust set of trading tools, charts, and security features. Following a successful initial coin offering (ICO), Binance began live trading in July 2017. By offering both Basic and Advanced exchange interfaces, Binance makes it easy for beginners to use.
Claims that: Low fees on transactions and withdrawals, Capable of processing 1.4 million transactions per second. Binance has a Basic and Advanced exchange view. Security: 2-FA and Google Authenticator to verify withdrawals. However, only Chinese phone numbers are supported for SMS 2-FA.
ParamountDax
About: As one of the few crypto exchanges licensed before its launch date, ParamountDax serves the real needs of the crypto community. In this respect, we created a highly proficient, stable and secure centralized hub for crypto assets. ParamountDax is a Fully — Developed from the scratch, ready-to-use product implemented as a modern-age crypto trading exchange. ParamountDax gives users access to a robust set of trading tools, Trading from the charts, Advanced Market Detector, Daily profit up to 46%, Unique Trading Interface,The simplicity and depth chart are certain to satisfy the needs of any trader at any experience level and security features.
Claims that: all features are on a single page without having to scroll down to the access order book, trade history, depth chart or other important information. Increase TPS from 100.000 to 1 million transactions per second, Low fees. Multi-language capabilities (it is does not matter what nationality a consumer is).
Security: Risk-Free, Unique security measurements for all users including insurances against hack and employee mistakes, cold wallet storage
POLONIEX
About: Poloniex launched in 2014 and is based out of Wilmington, Delaware, in the United States. Poloniex is a widely used exchange based in the US. It is the largest cryptocurrency exchange in terms of volume. Users can trade almost every crypto coin. It also presents unrestricted access to previous charts of cryptocurrencies.
Claims that: there are many features that experienced traders will appreciate. You can find a range of efficient data-analysis tools, along with very detailed charts that let you make educated decisions regarding trades. The high-volume nature of Poloniex also appeals to traders, particularly the ability to do lending and margin trading.
Security: Poloniex takes care of security in multiple ways. To keep hackers out, it stores the majority of customers’ deposits in air-gapped cold storage offline.

BITFINEX

About: since 2014, Bitfinex has emerged as one of the world’s leading bitcoin exchanges. Based in Hong Kong, the company first entered the market in 2012 and has enjoyed steady expansion ever since. In addition to bitcoin, it provides access to the world’s leading altcoins as well as full-spec wallet services.
Claims that: in addition to being widely recognized as the world’s largest bitcoin exchange, Bitfinex offers a customizable interface that allows you to personalize your workstation. The platform is fully equipped with margin trading and ten different order types that give you the opportunity to trade the market without limitation.
Security: because Bitfinex gets a lot of its liquidity from Tether, many people are concerned that the exchange might not be as financially secure as it claims to be. But it was not any precedents yet.
In Conclusion, ParamountDax offers new tools that satisfy the needs of any trader, which will set its standards for ideal trading. ParamountDax clients are able to count on the answer at their requests 24 hours 7 days a week. Other exchanges could keep silence a few months and the user will stay without helpful information.
The aim of the ParamountDax team is to meet worldwide demand.
Good luck! And see you soon!
Website : https://paramountdax.io/
View MVP : https://staging.paramountdax.com
And here’s how to get involved with the ParamountDax community:
Telegram : https://t.me/joinchat/LNehJxUX9sVoZabNrnaEZA
Twitter : https://twitter.com/ParamountDax
Facebook : https://www.facebook.com/Paramountdax-2024636494500768
Bitcointalk: https://bitcointalk.org/index.php?topic=5137789.0
Reddit: https://www.reddit.com/ParamountDax/

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BankDex - The First Exchange to Overcome High Latency in Cryptocurrency Exchanges

BankDex - The First Exchange to Overcome High Latency in Cryptocurrency Exchanges
BankDex is a user-friendly decentralized exchange, which ensures fiat trading with fast withdrawals and near-feeless transactions. Our team aims to involve new users in blockchain community by eliminating barriers relating with the complexity of buying, transferring & cashing out assets. In this article we research crypto exchanges market and our potential share at first, and then show our benefits and solutions and how it works.
DEX market overview
Encrybit team revealed real-time cryptocurrency exchange problems survey insights1. 1108 crypto traders were questioned: “What are the biggest concerns that you see in currently available exchanges!”. The main issues faced are:

https://preview.redd.it/z22h0m5g2lh31.png?width=500&format=png&auto=webp&s=f215be996b422c10f24bf5c273feb3cc19eab3ab
The second question was which exchange do you like, and virtually all respondents referred to centralized exchanges (CEX) here. This survey can be supported by market researches. Trading data from six major centralized exchanges (Binance, Bitfinex, Bithumb HitBTC, Huobi and OKEX) was compared to that from nine leading decentralized exchanges (Bancor Network, BitShares, DDEX, EtherDelta, ForkDelta, IDEX, OpenLedger, StellarTerm, and the Waves Platform). The share of DEX was only 2% of the total trading volume2. The reason is clear: the current generation of DEX has made progress only in security concerns3, while contributing to all other problems and suffering new, like fragmented markets4, no fiat support5, no scaling6, the impossibility of transactions between different blockchains7. Also clear that market is looking forward to flagman product which will eliminate challenges and will enable market growth. Experts highly estimate its potential. Increasing the number of institutional investors8, DEXs should reach up to 4% of total crypto market volume within the next two years. This would mean growth of 5–20x for DEX usage.
A Primer to BankDex
BankDex is a decentralized exchange built in response to the demands of the cryptocurrency users, for a simplified and enhanced trading platform. The platform is built on a robust ecosystem that promotes an enriched user experience, low latency, greater liquidity and security for user transactions.
BankDex employs a loose mesh topology powered by kernel nodes which are responsible for faster transaction persistence and validation. In addition to ensuring faster transactions that can be completed in less than a second, they are also highly resistant to security attacks by being Asynchronous Byzantine Fault Tolerant (aBFT).
The exchange features an impressive collection of crypto — crypto pairing across its network. The array of its supported tokens and cryptocurrencies currently includes BTC, XRP, XLM, ADA, ETH, TRX, EOS, QNT, VIBE, MKR, ZIL and REM, with many more to be added along the timeline.
BankDex allows its users to withdraw funds for free from their wallet. Third party wallet integration is also one of those features to be integrated in the near future. The BankDex transaction management system is both unique and secure, ensuring a flawless trading platform for cryptocurrency users.
Latency and Cryptocurrency Exchanges
Traders handling large quantities of cryptocurrency trade often find themselves in need of an exchange with one particular feature — low latency. In the simplest of terms, latency can be defined as the delay to receive a response after a request is made. As it connects with trading, latency affects the amount of time required for traders to mingle with the market.
Latency, in trading terms, implies to the speed with which a trading platform can react to the present status of the market. Trading platforms integrate programs specially designed to buy and sell assets in less than a second. Low latency means that these platforms are able to react faster to the actions of the market. The rapid nature of today’s market enables traders to make a significant amount of money.
Traders who take part in such kind of trade look for very low latency, somewhere in the range 10 milliseconds to 0.1 milliseconds. This kind of speed limit can be reliably accomplished by machines only. For low latency trades to be worthwhile and lucrative, users require an exchange that can handle such high speeds. The ideal latency will figure around a speed of 0.5ms, but this is quite difficult to accomplish.
Managing Latency in BankDex
BankDex decentralized cryptocurrency exchange addresses the latency issue with the lightning network concept, which ensures faster and safer trade of crypto & fiat currency. It overcomes the scalability issues, inherent to blockchain and enhances the throughput and latencies associated with a transaction.
The trading exchange consists of seven blockchains, which communicate with the core through a set of communication protocols. The communication between the different blockchains is established with the help of an interoperable blockchain router.

https://preview.redd.it/hl2x804p2lh31.png?width=500&format=png&auto=webp&s=1acd6b6db00d287cce3fd537a1593c45e06e73d8
BankDex and the Lightning Network
A lightning network can be described as a protocol layer that enables low-latency, high volume digital micropayments without the help of an intermediary. The fundamental technology of lightning network involves a payment channel, a local two-party consensus.
Both the parties involved in the transaction sends an initial amount of Bitcoin, or any cryptocurrency token into a multisignature transaction. The multisignature transaction involves a local consensus on the existing balance that is allocated between the two parties in the transaction.
Any update regarding the allocation of the existing balance can be only be made with the cooperation of both entities involved in the transaction. This is done with the help of a new transaction that spends the funds allocated for the multisignature transactions allocated to each party.
Website : https://www.bankdex.io/ Twitter : https://twitter.com/bank_dex Facebook : https://www.facebook.com/bankdex.io Telegram : https://t.me/BankdexChatOfficial Whitepaper : https://www.bankdex.io/index.php/white-pape Technical Paper : https://www.bankdex.io/wp-content/uploads/2019/05/Technical-Paper.pdf
Bounty0x username : nefsim

https://preview.redd.it/gbwx5k8a3lh31.png?width=250&format=png&auto=webp&s=5fc0532ff9dfa10013faf2b36a4dcf1fca45b419
submitted by hayrimavi1 to ico [link] [comments]

Welcome to Komodo. A Beginner's Guide.

Overview: the basics of the Komodo ecosystem.
 
1. Privacy: a mighty privacy coin that protects your data and rewards you 5% annually.
 
What is a privacy coin? Privacy coins implement various protocols to create a layer of privacy between blockchain transactions. This can be utilized to prevent blockchain traceability or provide different levels of privacy for data stored on the blockchain.
 
What is Jumblr? A decentralized cryptocurrency shuffler that allows your transactions to become incognito and protects them from being traced through a time or knapsack attack. It adds a privacy layer to your transactions because after your coins are Jumbled, an analysis of the amounts that went in or times that they came out is futile. This function is unique to Komodo and does not require third parties.
 
2. Security: a secure and robust consensus mechanism called delayed Proof of Work (dPoW) that protects your funds and our ecosystem. This unique technology uses a notarization process to create a backup of the entire Komodo blockchain onto the Bitcoin blockchain thereby increasing security and resilience. This happens roughly every ten minutes. The backups are then saved (notarized) onto the Bitcoin blockchain because it has the highest hashrate available. So even if Komodo suffered a devastating attack (which is extremely unlikely), the Komodo blockchain would merely revert to the most recently notarized copy of the chain. If Bitcoin loses superiority in terms of hashrate the dPOW mechanism can be switched to another blockchain on demand. Hence, Komodo is the most flexible platform to build on and one of the most secure.
 
What is hashrate? A proof of work blockchain needs a lot of calculations. Hashrate is the way it is measured. The amount of data hashed in a given time by a machine. It is a unit used to define the amount of calculations made by a machine. When you add all the machines together you have the hashrate for that blockchain (here’s a great chart that illustrates it). It's like a river of transactions and the broader and wider it is, the harder it is to manipulate it.
 
Hashrate historical chart: https://bitinfocharts.com/comparison/hashrate-btc-eth-bch-ltc.html#1y.
 
3. Freedom from middlemen: a decentralized exchange (DEX) called BarterDEX, with a fully working order book, powered by our world-class atomic swap technology. This reduces risk and transaction fees. Komodo’s atomic swaps work between Bitcoin protocol and ERC20 tokens which means we can support over 95% of all the tokens and coins in existence. Our decentralized exchange offers ‘liquidity power-ups’ which mean that you can place more than one buy order with the same funds (i.e. pick your top 5 coins and if any of them drop below 50% of their value you’ll buy it and cancel the other orders at the same time) which means your funds have a greater value! On top of all that, Komodo’s DEX has fast transaction speeds and super low transaction fees (0.15%). You can find live BarterDEX and Komodo Stats here: https://dexstats.info/index.php.
 
What are atomic swaps? Atomic swaps are a method of trading cryptocurrencies peer-to-peer, directly from one blockchain to another, without the need to trust a third-party. Here is a good article to read that will take you about 11 minutes ‘Atomic Swaps & Etomic Swaps, Explained in Plain English’ written by John Westbrook on Medium.
 
Why do YOU want an exchange to be decentralized? A centralized exchange is a third party and requires you to trust them with your funds. If they’re hacked you’re at risk of losing your funds. Centralized exchanges also require you to trade between pillars (i.e. BTC or USDT) which can involve higher transaction fees and a greater number of trades than necessary to swap the token you have for the one you want (i.e. DOGE sell to BTC to buy KMD is two trades when all you really want is DOGE to KMD).
 
4. Independence: decentralized ICO crowdfunding and scalability solutions for blockchain startups.
You can think of a blockchain as a motorway and if you build a project on the same blockchain as other projects you will be impacted by how well the other drives behave, or by the motorway introducing tolls, or you could suffer from congestion (i.e. if you’re familiar with how crypto kitties caused ETH transaction fees to greatly increase and transaction speeds to slow down then you’ll understand multiple projects on one blockchain cause a scalability and independence problem ).
Komodo offers parallel chains which mean a project or decentralized ICO is given its own chain which uses Komodo’s technology. This also solves the scalability issue because using the motorway analogy we can simply open more lanes for a project with a high amount of congestion. This is possible because of the dPOW notarisation. It allows projects to launch completely independent blockchains.
Every independent blockchain created on Komodo Platform is automatically integrated into Komodo’s BarterDEX (DEX) which means they have instant access to liquidity for their token and their community can buy and trade immediately. If you compare this to a centralized exchange where projects are often met with a list of onerous demands and fees to be listed and risk being delisted then you’ll understand how important this is for any project especially smaller teams and decentralized apps (dAPPS).
 
5. Universal Wallet: the Agama Wallet is a universal secure, multi-coin wallet to store funds on and claim the 5% reward for your $KMD tokens. There is also a paper wallet available if you would prefer a cold storage option for those who want to maximize their security.
 

Read the Whitepaper

Join the Community

 

FAQs for BarterDEX

 

FAQs for Wallets

Where to buy $KMD

Mining Komodo

Thank you for reading this far. If you have any suggestions for how we can improve this guide or any questions please leave your commments below.
submitted by benohanlon to komodoplatform [link] [comments]

Atomic Wallet; Let's Get Bitcoin with Our Credit Card!

Atomic Wallet; Let's Get Bitcoin with Our Credit Card!
https://preview.redd.it/nck9d9uw0lx21.png?width=640&format=png&auto=webp&s=8894783d1823779bafce7284d16d89190dcd362e
Hello Everyone! I feel so lucky today. I finally discovered a wallet that understands me. And I understand Atomic too.
Atomic wallet; do not look at the words "user-friendly" in quotation marks. I put it in quotes to get your attention. Atomic wallet is a gorgeous wallet design. I want to write this definition for Atomic wallet with both dark and big letters.

User-Friendly.

You may think I'm exaggerating, but those who have met Atomic wallet before are understanding and smiling.
Let me tell you my story from the beginning. When I first met blockchain technology, I was dazzled by what extraordinary technology could do. I was very impressed with revolutionary innovations such as P2P, distributed ledger technology, artificial intelligence algorithms, smart contracts, Internet of Things (IoT) and Big Data. I believe that digital money is our future, like everyone else affected by blockchain technology. I also wanted to buy crypto-money and be a crypto-money investor. Then don't ask — a real disappointment. As a user of crypto living in Turkey, it is almost impossible to buy crypto-money from one of the well-known Turkish sites with your debit card. It was also a nightmare to buy, and trade any digital currency with your traditional lira.
📷
https://preview.redd.it/4kynmkyozkx21.jpg?width=276&format=pjpg&auto=webp&s=44182dbae6c05c81ab86f9ab1b496b7d258be2f0
There were many blockchains such as Bitcoin, Ethereum, EOS, and Stellar. Many projects were launched every day. Almost every project opened its wallet. It was hard to go to the stock markets to trade with these coins and tokens, to make crypto-money that I wanted to save, to keep tens of public and private keys of the wallets. It was supposed to be a computer programmer, not a computer user. This is my complaint about the difficulty of handling and the complexity of the process. Besides, many stock markets don't give you your private key. You deliver all your personal information and the private key of your wallet to the stock exchange authorities. Hacking events or the negligence of the stock market workers can cause you to suffer a lot of damage at a time. Central stock markets are spooky. Finally, the commissions they receive during the transaction will cause you to get 20% more expensive each coin.
I'm sure those of you who haven't studied computer technology like me have understood me. I can write a book enough to tell me what happened to a coin I want to invest in. But it's not what I want to say to you. I want to talk about Atomic wallet, the one I just met today, who saved me from these troubles. Today I want to write a few words for the atomic wallet I encountered while researching to buy bitcoin. I'il tell you about the bitcoin purchase experience I've been through.
📷
https://preview.redd.it/huplw4ru0lx21.png?width=640&format=png&auto=webp&s=11e8888a69effb3295b778bd843d213640e6986a

WHY DID I CHOOSE ATOMIC WALLET?

First of all, it's a non-centralized wallet. It's crucial for security. A stock market supports up to (more than 300) coins. It only opens with the password you know. And private key is yours. Atomic wallet; wallet, stock market, and exchange platform. It has an excellent user-friendly interface (I'll show you the screen outputs at the bottom), not just the desktop, but also the mobile application options if you want to. Before further ado, I'll show you a short video that teaches me how to get Bitcoin. I have done the process efficiently with what is said in the video. Once you watch, You will not make mistakes in the process, and your fear will disappear, I promise.
https://youtu.be/V9Igzp9K37k

Now I'd like to share with you the adventure of getting Bitcoin with Atomic wallet. Should we start by downloading atomic wallet first? You can download your friendly atomic friend to your computer by pressing hereI start by opening my Atomic wallet on the desktop.
📷
https://preview.redd.it/jfhu2pbq0lx21.png?width=640&format=png&auto=webp&s=9d1f7e73547f8ee256d86a7e0db1a8ccb7d2f598
On this page, you can easily open your wallet with your password. With all the ease and helpfulness of Atomic wallet:
📷
https://preview.redd.it/tzhi0svn0lx21.png?width=605&format=png&auto=webp&s=bc1b382cac38e9eb28714a3339803efc11fe1f5c
All you must do here is press the Buy crypto tab from the menu on the left. The following screen will appear to you.
📷
https://preview.redd.it/p1272r4m0lx21.png?width=605&format=png&auto=webp&s=4858c1b8f026bcac77f04c22a5c02dfd0fb5d0d9
If you examine the screen on the left, you write how much USD you want to invest for the bitcoin. I tried to buy a $ 100 bitcoin. On this screen, I want to tell you about the Simplex platform, which you will see in the bottom left. Simplex, a strategic partner of atomic wallet, is an EU licensed card processing company.
📷
https://preview.redd.it/rxw4il7k0lx21.png?width=605&format=png&auto=webp&s=0f7b6a84baa31b9de86195e9edb221e73baa6281
When you want to get bitcoin, you need to introduce yourself to the system and provide your billing information when you are trading for the first time. After submitting your e-mail and phone number to Simplex, you will be presented with the payment screen.
📷
https://preview.redd.it/jgakxysb0lx21.png?width=605&format=png&auto=webp&s=f0342facc7d1d5e931b1746330da405f2236da4b
After this screen, you need to do KYC to protect yourself from illegal activities such as dirty money or terrorist financing. You only do this once, and then the system recognizes you. Do you worry about giving your data and bank card information here? Let me immediately explain that simplex works with an EU license and your personal data are secured.
📷
https://preview.redd.it/r65widve0lx21.png?width=640&format=png&auto=webp&s=556b55b40f14cb47f2da13a72952967e8c49bba4
It's that easy. No money transfer to exchange sites through banks. Don't buy bitcoin with high commissions on the stock market. Then don't move those Bitcoins paying the transfer fee back to their wallet. And with more than 300 coins and tokens, we have it now. The stock market is waiting for us in our digital wallet. The transaction fee is only 2%.

Summarize:

I'm not making investment recommendations for this project. However, I would recommend that you use our atomic friend. Atomic on the Binance DeX stock market. Whether Atomic Wallet's the iOS or Android app for your phone, or the desktop app, you can always experience the atomic wallet. You will understand that you have encountered one of the most robust projects.
Written By: N.ipek Celik
naz14: 0x3b19a4a034fd3687ba803a18f677927893dfeff
1.Note: As soon as you start trading in your wallet, there's an online help box that offers help from the bottom right corner of your screen, which is very comforting.
2.Note: I am adding links to guide you to download the wallet below and purchase the most preferred coins. I wish you all plenty of earnings.

Useful Links:

Atomic Wallet: https://atomicwallet.io
Buy Bitcoin - https://atomicwallet.io/buy-bitcoin
Buy Litecoin - https://atomicwallet.io/buy-litecoin
Buy Ethereum - https://atomicwallet.io/buy-ethereum
Buy Ripple - https://atomicwallet.io/buy-ripple
Buy Bitcoin Cash - https://atomicwallet.io/buy-bitcoin-cash
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ODEM is Expanding its Wallet Selection Day by Day.

ODEM is Expanding its Wallet Selection Day by Day.
ODEM is working hard to expand the number of trusted crypto wallets that can accommodate its Tokens.
ODEM’s more recent wallet providers include:
Trezor - A popular hardware Bitcoin wallet that functions as a USB dongle, Trezor allows users to safely access their cryptocurrency even on insecure computers. It operates on a “Zero Trust” basis using multiple layers of security to minimize any risk of assets being compromised by a third party.
Keepkey - A secure hardware wallet that provides access to the world’s leading cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and many ERC-20 tokens.
Eidoo - A multi-currency wallet that allows easy storage and management of Bitcoin, Ethereum, ERC-20, and ERC-223 tokens with a single backup passphrase.
Archos Wallet - The Archos Safe-T Mini Bitcoin & Cryptocurrency Hardware Wallet is an all-new “offline hardware wallet” designed to help users keep their funds safe from hackers via private keys that are only accessible by the owner.
Infinito Wallet - A universal wallet for cryptocurrency, it can hold a greater variety of coins than perhaps any other multi-currency wallet.
Ledger - The Ledger Hardware wallet provides access to the world’s leading digital currencies, and supports many others.
Ethos - The Ethos Universal Wallet allows ODEM to be stored along with more than 150 of your favorite cryptocurrencies simply and easily.
Trust Wallet - An industry standard, Trust Wallet was recently acquired by exchange operator Binance. Trust Wallet is a mobile wallet app that allows you to send, receive, and store cryptocurrency tokens and collectibles on the Ethereum blockchain.
Enjin - A multi-currency mobile crypto wallet for Apple and Android devices. With a simple user interface and support for more than 700 digital currencies, the wallet is designed to make it easy to manage all your crypto holdings in one place.
imToken - A secure, convenient, and powerful smart Digital Wallet. imToken wallet provides access to the world’s leading digital currencies, and supports many others.
MyEtherWallet - A free Ethereum and ERC-20 wallet client that makes it easier for you to manage, store, receive, and transfer Ether and ERC-20 tokens.
Dropil - Allows a user to easily create, store, or share cold storage crypto wallets. It also allows a user to create and print attractive cold storage wallets for the ultimate in security and shareability for any blockchain assets.
They are continuing to expand their compatibility with the industry’s most robust software and equipment.
#blockchain #technology #education #learning #crypto #wallet
submitted by Tasneemfawzymahmoud to ODEM [link] [comments]

What is Dago Mining?

Green energy for bitcoins, ethereum, and other cryptomonetes mining. Dago Mining has one initial cost and zero cost on consumption. The cost of the energy component gives profitability to mining. We create our own green renewable energy power plant and we will not have any future energy cost increase. There is no cost per Kw schedule, only a small annual maintenance price (0.01 $ per Kw), with a 20-year warranty on plant's components.
About Dago Mining When cryptomining was still in its infancy, it was well distributed among a couple of thousand private miners, governed by transparent rules and not harmful to the world environment because the energy requirements were microscopic. During last years, all this has changed: Dutch bitcoin analyst Alex de Vries, who operates a Bitcoin Energy Consumption Index on the website Digiconomist, has produced estimates of growth of energy consumption and they are alarming. If bitcoin miners are using the most efficient machines possible, the lowest amount of electricity they could possibly be using is 39 terawatt hours, de Vries said in an interview. That's about as much as the entire country of Slovenia. De Vries said less conservative estimates make it entirely possible that bitcoin is using as much energy as Ireland, which consumes about twice as much as Slovenia, or about 1 percent of the U.S. total.
The problem is getting worse, said de Vries, who estimated the annual amount of energy consumed by bitcoin rose by a fifth in the final weeks of 2017. Even worse, the concentration of mining power in the hands of a couple of large corporations is distorting the formerly democratic decision- making process in these networks: changes in protocols and hard forks are in danger of being influenced by the economic interests of a few.
DAGO mining has designed a mining system with three technologies all together: a high efficiency photovoltaic system that uses solar concentration panels, combined with an innovative energy storage system in salt water batteries that will bring the farm to be self-sufficient in terms of energy in 12- 18 months from the start. The progressive construction and assembly of the hardware of mining uses high performance GPU (not only Graphics Cards) and ASIC Chip already on the market. Everything is cooled by “Immersion Cooling” in order to exploit the possibility of overclock without losing stability and durability. Using the dynamics of exponential growth for both, we promote climate preservation and the welfare of our token holders. It is the physical incarnation of the blockchain spirit: a robust and decentralized system that can withstand disruptions in government policies, price structuresand the energy supply.
RECOMMENDED EXCHANGE LIST
Binance
Kucoin
Bit-z
Bibox
Coinegg
Huobi
SECURE WALLETS
Ledgerwallet
Trezor
Ellipal
submitted by icoinformation2021 to DagoMining [link] [comments]

Bitcoin Bot - Cryptocurrency Portfolio & Index - Chapter 3 - Python Binance Crypto Trading Bot Binance Margin Trading Wrecks Bitcoin's Price and Ethereum To Adopt Bitcoin Cash 20% Of All Bitcoin, XRP + EOS Futures, Bitcoin Worldwide, China Coin Index & Binance US New Coins Index Funds And Bitcoin Dumps! Binance FUD, Tokyo Whale, SEC and CFTC Press Releases - Ep159 Binance’s DeFi index crashes 60% as Bitcoin overshadows ... Fidelity + Ethereum, Bitcoin In France, Binance Travel, UAE Coin & Bitcoin Looking Up

The robustness improvement changes I suggested a few months ago will increase the safety mergin significantly. This is about the XRPL's ability to resist halting. The current design trades off robustness for safety, the reverse of what most blockchains do. — David Schwartz (@JoelKatz) March 30, 2020 Bitcoin’s difficulty adjustment is a key aspect of its design, but it is not perfect. The off-by-one bug is a well-known problem, and legitimate criticisms stemming from control theory point out that the impact of the moving target’s impreciseness can have adverse long-term consequences. In the second part of the Binance Blog Trader Series featuring Markos Katsanos, the author proposed a couple of trading systems that can maximize your trades across multiple asset classes.. Read Part 1 of the Binance Blog Trader Series Here.. Key Takeaways - The author analyzed how two trading systems, namely the trend hybrid system and the divergence system, performed against the typical buy ... As Bitcoin as a monetary system matures, its robustness is further proof, and its risk of failure moves further and further away from zero. We believe this will cause investors to start treating bitcoin the asset differently, leading its macroeconomic behavior to follow suit. Alongside bitcoin’s growth in scope and size, its evolution is making it increasingly apparent that it not only has ... Using Bitcoin and Ethereum price data from the Binance exchange, we estimate the following regression equation for the DD estimator for a fixed k (k = 1, 2, or 3): (2) log (σ t) = α + β 1 (P e r i o d [k]) + β 2 (T r e a t m e n t) + β 3 (P e r i o d [k] × T r e a t m e n t) + ϵ, where Period[k] is a time dummy variable that equals 1 for observations obtained in Period k, the time after ... For now, Bitcoin is stable as the US elections unfold, trading at an average price of $ 14,138 (+ 2.21%) according to the price index of Cointelegraph, after briefly backtracking below 14k. Of course, part of the positive performance on the day for Bitcoin goes through the electoral issue in the United States and its feeling about a possible victory in each of the disputed sides. Binance crypto trading platform focuses on security, robustness and execution speed—attracting enthusiasts and professional traders alike. For more information, visit: https://www.binance.com The Fast & Easy Way to Trade Cryptocurrencies On the Go Binance offers a range of crypto altcoin trading pairs to choose from and is continuously working on bringing you more options in accordance with ... Addition of the Binance.US ETH/USD market to the CMBI Ethereum Index; The changes bring the CMBI Bitcoin Index and CMBI Ethereum Index constituent changes in line with one another, both now composed of 7 USD markets from Coinbase, Bitstamp, Kraken, Gemini, Bittrex, itBit and Binance.US. Read our guide to the Best Bitcoin Mining Software. Exchanges for Investing in Bitcoin. Exchanges are the most straightforward and popular method for acquiring Bitcoin. There are well over 100 operational Bitcoin exchanges worldwide, but steering clear of exchanges that are known for wash trading and sticking with major reputable exchanges is the most prudent move. Binance Coin Price; Monero Price; MimbleWimbleCoin Price ; How to; Trade Boasting a community of over eight million people, eToro is one of the leading global trading and investment platform – and it specialises in cryptocurrencies. Although there are more than 1,200 assets to trade on eToro, which was founded in 2007, it is in the crypto space that it is particularly popular. The innovative ...

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Bitcoin Bot - Cryptocurrency Portfolio & Index - Chapter 3 - Python Binance Crypto Trading Bot

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