All about Lightning Network ⚡
What is lightning network?
The Lightning Network extends Bitcoin's blockchain by adding an extra layer that allows people to create payment channels between any two parties on that layer. Because these channels are set up between two persons, transactions will be practically instantaneous, and fees will be incredibly low.
Not only does the Lightning Network make Bitcoin payments faster and cheaper, but it also opens up an universe of microtransaction possibilities that aren't conceivable in the existing financial system.
How it works?
The Lightning Network is made up of channels that enable the near-instantaneous transactions between system participants. Lightning is based on the premise that not every transaction needs to be recorded on the blockchain. Instead, only the channel creation and exit transactions are recorded on chain; all other transactions are recorded in the Lightning Network.
For example, if two users desire to send money to each other on a regular basis, they can create a channel by adding funds to a multi-signature (multisig) wallet. They can then use these funds to carry out an endless number of transactions. Off-chain transactions are transactions that are recorded using a sort of digital ledger that is safeguarded by a time clock.
This is how the Lightning Network could one day provide a solution to the never-ending debate over buying a cup of coffee with Bitcoins. It appears that doing so through the Lightning channel network might just work, as it will be a near-instance purchase with no costs.
Cross-chain atomic swaps, which are token transfers between various blockchains, are another exciting element of the Lightning Network that is currently being tested.
**Privacy**
Lightning transactions are not recorded on the blockchain and are transferred through **onion routing by default**, allowing users to transact bitcoin in a more private manner than conventional Bitcoin transactions.
Who developed it?
**Joseph Poon and Thaddeus Dryja** first described Lightning Network in a white paper in 2015, the current version of the ***white paper*** can be viewed **here**. http://lightning.network/lightning-network-paper.pdf
**Blockstream, Lightning Labs, and ACINQ,** with assistance from other members of the Bitcoin community, are now responsible for the majority of the work on the Lightning Network's development.
**Now lets talk about it’s Pros & Cons**
Pros
***Smaller payments - as little as 0.00000001 BTC, or one Satoshi – can be made using lighting.***
**Transaction Speed** You won't have to wait for many confirmations for each transaction once the network is operational. No matter how busy the network gets, the transactions will be almost instantaneous. If this occurs, the bitcoin industry will make significant progress toward competing with existing payment systems such as Visa, MasterCard, and PayPal.
**Transaction fee** You will only have to pay the tiniest fees because the transactions will take place within the Lightning Network channels rather than on the blockchain. One of the key benefits of the Lightning Network is that it allows Bitcoin to be used as a method of payment at shops, cafes etc.
**Anonymity and security**. The vast majority of cryptocurrencies do not offer complete anonymity. From one wallet to the next, the transitions can still be traced. However, because most Lightning Network transactions take place outside of the main blockchain, any micropayments made via Lightning channels will be nearly impossible to track.
Cons
***Transactions can only be completed when all parties involved are online.***
**Not fully functional**. Perhaps the biggest disadvantage of the Lightning Network right now is that it isn't completely operating yet, so it's impossible to say how good it really is. Furthermore, the concept seems excellent on paper, but it's impossible to know whether it'll look as good in reality.
**Bitcoin transaction fees are charged when a channel is opened and closed**. Users interested in joining the Lightning Network should look for opportunistic times when Bitcoin transaction fees are low (e.g. on weekends).
**The channel's complexity**. The Lightning Network is envisioned as a system of channels that, if built, should theoretically enable for smooth transactions to take place. However, there is no way of knowing what will happen if the payment must travel a circuitous route. Fees will undoubtedly build up if your transaction must pass through dozens of intermediary channels.
**Resources:**
What Is Lightning Network And How It Works (cointelegraph.com) https://cointelegraph.com/lightning-network-101/what-is-lightning-network-and-how-it-works
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Why I believe the crypto bull market isn't over yet!
I've seen a lot of posts recently about whether we have entered a bear market or not, so I wanted to share with you why I'm convinced at least for now that we are still in a bull market and this is just a corrective phase before at least another push to a new ATH. I'll break down my argument into 2 parts, macroeconomic landscape (wider economic landscape) and onchain data (data specific to bitcoin/crypto).
Macro indicators
Macro risk appetite affects crypto. **In a risk off environment all players tend to seek refuge in cash or liquidity**. In a risk on environment players perceive an infusion of fresh liquidity in the markets and as result resort to speculation to make sure they capture as much as possible of this new liquidity entering markets.
An analogy I like in this sense is that of an oasis in the middle of the desert. In every oasis there is a water pool and life flourishes around it. You can imagine how important this pool is, without its life in the desert would be impossible. Financial markets are organized in a similar fashion when it comes to liquidity. **No matter how much an economy grows, liquidity will always be limited and it's something all players keep an eye on, just like the inhabitants of an oasis**. Let's say now there is a huge block of buildings in the oasis inhabited by wealthy individuals who also happen to be the only ones to have an internet connection or access to geothermic data on the predicted inflows of water. So, what happens when this group of people learns that inflows of water are about to stop for whatever reason? Automatically they will start pulling more water from the main pool than they actually need (without having access to the information the rich people have), as they prepare for a dry season. The others around them will start noticing this, maybe they will notice the water pumps, and as result of this slowly everyone will start pulling more water from the pool than they actually need until dry season eventually comes. When it comes to liquidity in markets, something similar happens at the end of a bull cycle. **The biggest players such as pension funds or huge hedge funds that have access to very good information, are the first ones to start pulling liquidity out of circulation.** Once big players start pulling money out, considering the amount of assets they sell (the equivalent of water pumps in the desert, are assets being dumped at markets), they initiate a rush to liquidity that slowly propagates to the rest of the economy. Important here that most other players do not have access to any of the information of these big funds, however they react just like people in the desert react when they see a big block of flats is suddenly pulling water out to build up water reserves.
So, what indicators can we look at to determine whether big players anticipate tightening market conditions or not? US treasuries and corporate bonds are the gold standard in this sense. So, when we want to see whether anything is changing in the attitude of whales (not crypto whales, real market whales) we go looking for the yields of US treasuries. **In fact, when whales foresee a liquidity crunch, they expect much higher returns on their capital, therefore the interest rate of treasuries goes up.** When whales foresee that there will be plenty of liquidity in the markets then dynamics change, there is competition over who lends the money at the lowest interest rates and therefore treasuries go down.
**If we look at 10YUS treasuries, after spiking to 1.7% in May, yields have kept going down and are currently at a 2-month low of 1.46%. Therefore, treasuries suggest the markets are risk on (which is good for crypto).**
The next thing I look at are low risk corporate bonds, similar to treasuries where people lend money to the US Government, with low risk Corporate bonds people lend money to big, blue chip corporations that have a solid track record and are perceived as being in low risk of default. For them we can check the above price chart, as we can **see prices of low risk corporate bond ETFs have been moving in a rising channel since March 2021**. Beware that here we are checking the price chart, which moves in the opposite direction of the interest rate of the underlying bonds. Here too we have a confirmation that markets are still in risk on mode, meaning there is no shortage of liquidity.
**The third indicator is the price of high-risk corporate bonds**, these are inversely proportional with the interest rates at which the market is willing to lend money to corporates that are perceived as being at high risk of default. In other words, this is a direct measure of the risk appetite of smart market or legacy market whales. By looking at the above chart here too we see that prices are in strong uptrend, meaning that markets are lending money to these high risk borrower at increasingly lower rates. This is our third indicator that confirms how smart money, which isn't influenced by short term news cycles and media narratives, is risk on.
To conclude, in this first part of the analysis, we can see how in our desert nobody is pulling water out of the desert pool, **therefore the wider market gradient favors a bullish crypto market as there is no liquidity shortage.** Now let's look at crypto indicators.
Crypto indicators
For this I rely main on Glassnode onchain data analysis. The most interesting chart in this sense is the following, that shows how the amount of coins bought at the beginning of this bull cycle is still maturing. In other words, this shows how holders did sell something at the peak area, but they have kept most of their assets with unflinching conviction regardless of volatility. This implies that these investors do not consider the current cycle closed, and therefore are waiting for even higher highs to sell.
The second indicator has a somewhat mixed meaning. In fact, if look at long term holders, we see that they are accumulating again. This is bearish short term, because when long term holder accumulate, they create downward pressure on price since they patiently wait for retail or short term holder to sell at market. However, something else is going on in the hidden OTC markets, where big amounts of coins are traded, because miners probably affected by the recent clampdown in mining in China, are fueling distribution. We're therefore in a distribution phase in the OTC markets. Below is a glassnode chart illustrating this. This distribution however does not affect market prices because it is hidden, being OTC.
**Finally, the recent China ban of bitcoin mining has brought the hashrate to the level of June-September 2020.** Negative hashrate momentum means less coins mined and also less selling pressure. While the effects of this are limited in the short term, it is likely that if this trend continues the amount of minted coins may reach an all time low which may then trigger the next cycle to the upside. Again, here the timing seems to be around fall 2021.
Conclusion
I believe that after almost a year of up only what we are going through now is a healthy market correction. Considering the wider market context, the pieces are in place for this crypto bullish cycle to resume/continue later this year once the stars re-align. ***These include accumulation by whales (which is already at Jan 2021 levels), as well as other catalysts such as decreasing hashrate due to the China ban.***
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Bull Market Analysis https://www.publish0x.com/cryptonian1/why-do-i-think-the-crypto-bull-market-isnt-over-yet-xmmdrwj
NANO - The Future of Crypto!
The basics of Nano
Nano is a digital payment protocol designed to be accessible and lightweight, with a focus on removing inefficiencies present in other cryptocurrencies. With ultrafast transactions and zero fees on a secure, green and decentralized network, this makes Nano ideal for everyday transactions.
To begin, all you have to do is try Nano for yourself in just 2 minutes to discover why it is so popular.
**Here what you have to do:**
Install Natrium. https://natrium.io/
Visit a Nano Faucet. https://freenanofaucet.com/
Fill in your **Nano_ address** and hit send.
It's recommended that you get a second wallet on the side, such as www.nault.cc on your browser or Nalli as a second app on your phone, to fully appreciate Nano's quickness and ease of usage. Nano has a tendency to transfer information faster than you can change screens. See for yourself by sending some from one wallet to the other. Sending to yourself like this doesn’t seem impressive, but the transfer you just did is possible from and to anyone, anywhere, anytime, with no one able to stop your transfer and not a cent paid in fees. It’s secure, borderless and uncensorable money, open to anyone. https://nalli.app/
An overview of cryptocurrency's history
Bitcoin was the first cryptocurrency. Bitcoin, invented by **Satoshi Nakamoto**, solved the problem of having digital money that could not be copied. It provided a kind of money that no single party could print or prevent transfers of. As a result, it provided a mechanism for anyone with an internet connection to transact worldwide without relying on (central) banks.
Following 2008, this was an appealing proposition. Many banks were being bailed out at the time, and central banks were printing a lot of extra money to support these bailouts. Since then, money production has continued, leading many individuals to believe that as more dollars and euros are issued, the dollars and euros they own are becoming increasingly worthless.
However, Bitcoin comes with its own share of issues. **Transfers take, on average, over 2 hours, while being incredibly expensive, and Bitcoin uses more energy** than some countries. It doesn’t scale, with capacity maxing out at roughly 7 transactions per second, and due to the fees and waiting times is practically unusable as currency. While a beautiful idea, as a means of payment it has failed.
Enter Nano
Nano’s primary developer, **Colin** **LeMahieu**, was enthusiastic about the possibilities that a self-sovereign form of money like Bitcoin offered. However, he was frustrated with the inefficiencies in (then) current cryptocurrencies. In 2014, he began development on a new cryptocurrency. The goal was to create a cryptocurrency that could be used for daily payments by everyone, without the carbon footprint that comes with Bitcoin.
To accomplish this, Colin came up with a new architecture for Nano. Rather than having one big blockchain, where everyone competes for space in the next “block” to be mined, Nano utilizes something called the **Block Lattice**. Instead of competing for space, users add blocks to their own chain and broadcast this addition to the network.
Block Lattice image from **Hackernoon**
The block lattice design is combined with **Open Representative Voting in Nano** (ORV). Using their Nano balance, each Nano holder votes for a Representative. A Representative can be anyone, and they can alter their vote at any time. These Representatives confirm transactions (requiring 67 percent consensus) as soon as they see one, implying that Nano's pace is mostly limited by the internet connection latency (practically the speed of light). This is what allows the Nano network to confirm transactions within a second.
It takes a lot of energy to be the first to mine a block in mining. There is no such thing as a competition in Nano. The network is cooperative because there are no mining rewards or fees. Hardware resources are used in mining chains to compete. Every available resource is employed in Nano to ensure that transactions are confirmed as safely and quickly as feasible. If Representatives upgrade their hardware, the throughput of the Nano network increases. This focus on pure efficiency and lack of waste makes Nano a green option that uses very little energy.
To summarize, Nano employs a block lattice in which each individual has their own chain rather than a single large chain. Anyone, at any time, can add blocks to their own chain, and Representatives (validators) validate transactions as soon as they see them. ****Nano is able to be instant, feeless, scalable, and extremely energy efficient as a result of this.****
Spam in Nano
Many people believe Nano is vulnerable to spam because it is free. This is partially correct. **Nano was recently spammed**, causing the network's speed to suffer. However, there are a few reasons to believe that Nano can (still) be readily spammed: https://medium.com/nanocurrency/recent-dos-nano-network-attack-and-v21-3-fixes-97b9b7297f9
While Nano is feeless, it is not free to transact. For every transaction, a small PoW has to be performed by your wallet. When you are a regular user, the wallet does this for you, and you don't notice it. When you try to do millions of transactions, this becomes more expensive.
Transactions in Nano used to be prioritized by PoW performed. If a spammer was spamming the network at PoW difficulty 1 (comparable to a fee paid of $0.0001), you could do PoW difficulty 2 (comparable to a fee paid of $0.0002) and get priority over the spammer. Following the spam attack, Nano is implementing even stronger spam resistance. Simply put, your priority is your balance. For a spammer using small amounts to spam constantly, both balance and time since last use will be low, therefore the priority of the transaction is low. To have an impact while spamming the network, you therefore need to hold large amounts of Nano. This is expensive, as you need to first buy this Nano. It also means that if you spam the network to degrade performance, any price decrease will hurt you.
In theory, this overcomes transaction flooding threats by making congestion of the network prohibitively expensive (i.e. you would need 50 percent of the supply to consume 50 percent of the throughput). Although *the framework for operationalizing this was built in v22,* the actual implementation is expected in the **upcoming edition (v23)**.
Nano's mission
Nano is designed to be a modern-day digital currency. It was handed away for free to anyone who was ready to solve captchas. As a result, Nano was provided widely and fairly, mostly to individuals in developing nations. It is highly suited for lower-income countries due of its feeless nature. It functions as a means of exchange and money because it is instant. Because there are no fees and there is no inflation, no money is lost when either storing value in Nano, or when using Nano.
**The vision of Nano is broad**. It allows for cheap remittances. Foreign workers pay an average of 6.8% in fees to transfer money home. Nano can do this far more efficiently, both at lower cost and faster. It allows merchants to start accepting payments anywhere in the world, instantly, without fees. **It enables streamers to receive feeless tips, enables anyone creating art or self-publishing to instantly take small (or large) payments for their works.** It enables anyone suffering from hyperinflation to securely store their money in a currency whose supply can’t be increased. It allows charities to take donations from all over the world. This means less money going to middlemen, and more money arriving directly where it’s needed. Nano makes money efficient, frictionless, secure and borderless.
That’s all! To really try it out I’d recommend getting a second wallet such as Nault (web-based) or Nalli, **then sending some Nano from your first wallet to the second.** https://nalli.app/
**NANO have recently done a giveaway as** ‘**Nano has reached big milestone of 100 000 reddit members.**’
*I hope that this post answered some of your basic Nano questions.*
If my article is helpful to you or you are interested, please send me a "**LIKE**👍"!
**Thank you.**
For Resource visit this link:
NANO Resources https://www.publish0x.com/cryptonian1/nano-the-future-of-crypto-xwwnwvq
Top Cryptocurrencies other than Bitcoin! Bitcoin Cash (BCH)?
***Bitcoin has not only set the trend for cryptocurrencies, but it has also become the de facto standard, sparking a legion of followers and spinoffs.***
Let's take a step back and define concepts like cryptocurrency and altcoin before diving deeper into some of these Bitcoin alternatives. A cryptocurrency, broadly defined, is virtual or digital money that takes the form of tokens.
Cryptocurrencies are almost usually meant to be free of government manipulation and control, yet this fundamental component of the business has come under question as it has risen in popularity. Altcoins, and in some cases shitcoins, are currencies styled after Bitcoin that have frequently attempted to promote themselves as improved or modified versions of Bitcoin. While some of these currencies may have some impressive features that Bitcoin does not, matching the level of security that Bitcoin’s networks achieve largely has yet to be seen by an altcoin.
***There are more than 4,000 cryptocurrencies in existence as of January 2021. While many of these cryptos have little to no following or trading volume, some enjoy immense popularity among dedicated communities of backers and investors.***
Beyond that, the field of cryptocurrencies is always expanding, and the next great digital token may be released tomorrow. While Bitcoin is widely seen as a pioneer in the world of cryptocurrencies, analysts adopt many approaches for evaluating tokens other than BTC. It’s common, for instance, for analysts to attribute a great deal of importance to ranking coins relative to one another in terms of market capitalization. https://freebitco.in/?r=16581176
1. Bitcoin Cash (BCH)
Bitcoin Cash is a Bitcoin spinoff currency that uses the blockchain network to offer lower transaction fees than Bitcoin. It is placed first on our list of 10 best cryptocurrencies other than Bitcoin. Compared to the parent coin, it also has increased scalability options. Since Bitcoin Cash was introduced, many other coins in the market have emerged that use the same technology to market the same kind of product. Hundreds of retailers around the world accept payments in Bitcoin Cash. **The currency can handle more transactions per minute than Bitcoin.**
BCH began its life in August 2017 as a result of one of these splits. The debate that led to the creation of BCH had to do with the issue of scalability; the Bitcoin network has a limit on the size of blocks: one megabyte (MB). BCH increases the block size from one MB to eight MBs, with the idea being that larger blocks can hold more transactions within them, and the transaction speed would therefore be increased. It also makes other changes, including the removal of the Segregated Witness protocol that impacts block space. ***As of January 2021, BCH has a market capitalization of $8.9 billion and a value per token of $513.45.***
2. Ethereum (ETH)
Ethereum is a decentralized software platform that enables smart contracts and decentralized applications (dapps) to be built and run without any downtime, fraud, control, or interference from a third party. The goal behind Ethereum is to create a decentralized suite of financial products that anyone in the world can freely access, regardless of nationality, ethnicity, or faith. This aspect makes the implications for those in some countries more compelling, as those without state infrastructure and state identifications can get access to bank accounts, loans, insurance, or a variety of other financial products.
Following the attack on the decentralized autonomous organization (DAO) in 2016, Ethereum was split into Ethereum (ETH) and Ethereum Classic (ETC). ***As of January 2021, Ethereum (ETH) has a market capitalization of $138.3 billion and a per-token value of $1,218.59.***
In 2021, Ethereum plans to change its consensus algorithm from proof-of-work to proof-of-stake. This move will allow Ethereum’s network to run itself with far less energy and improved transaction speed. Proof-of-stake allows network participants to “stake” their ether to the network. This process helps to secure the network and process the transactions that occur. Those who do this are rewarded ether, similar to an interest account. This is an alternative to Bitcoin’s proof-of-work mechanism, where miners are rewarded more Bitcoin for processing transactions.
3. Cardano (ADA)
Cardano is a blockchain-based cryptocurrency that was initially released in 2015. A stable release of the currency came earlier this month. It is placed third on our list of 10 best cryptocurrencies. Cardano uses an open source and decentralized platform with consensus achieved using proof of stake. It is a spinoff of Ethereum, the second most popular crypto coin in the world that has outperformed peers in the market in recent weeks. Canadian mining firm iMining recently announced that it would be launching Cardano, which has switched to a new ERC20 converter.
The team behind Cardano created its blockchain through extensive experimentation and peer-reviewed research. The researchers behind the project have written over 90 papers on blockchain technology across a range of topics. This research is the backbone of Cardano.
The mainstreaming of crypto coins like Cardano is partly due to the hype generated around crypto by big companies like Tesla.
Cardano aims to be the world’s financial operating system by establishing decentralized financial products similar to Ethereum as well as providing solutions for chain interoperability, voter fraud, and legal contract tracing, among other things. **As of January 2021, Cardano has a market capitalization of $9.8 billion and one ADA trades for $0.31.**
4. Litecoin (LTC)
Litecoin is a peer-to-peer cryptocurrency that was launched as a Bitcoin spinoff back in 2011. It is placed fourth on our list of 10 best cryptocurrencies. It uses an open source network and differs from Bitcoin as it has a decreased block generation time, increased maximum number of coins, and a different hashing algorithm that uses scrypt instead of SHA-256. Litecoin also has a slightly modified graphical user interface compared to Bitcoin. Litecoin has lower transaction fees and the network it uses can process payments faster than the one used by Bitcoin.
**Litecoin was released by Charlie Lee, an MIT graduate and former Google engineer.**
Although Litecoin is like Bitcoin in many ways, it has a faster block generation rate and hence offers a faster transaction confirmation time. Other than developers, there are a growing number of merchants that accept Litecoin. **As of January 2021, Litecoin has a market capitalization of $10.1 billion and a per-token value of $153.88, making it the sixth-largest cryptocurrency in the world.**
5. Polkadot (DOT)
Polkadot is a payments mechanism that uses heterogeneous multi-chain interchange and translation architecture to connect with public blockchains. It is placed second on our list of 10 best cryptocurrencies Redditors are buying. The cryptocurrency was founded by Gavin Wood, a co-founder of Ethereum. The developers on the project included Parity Technologies, Chainsafe Systems, and Soramitsu. Polkadot was one of the most successful digital currencies of 2020 as it used the DeFi system which lets users with staking to gain instant liquidity through a tradable synthetic token.
Polkadot’s core component is its relay chain that allows the interoperability of varying networks. It also allows for “parachains,” or parallel blockchains with their own native tokens for specific-use cases.
Polkadot was created by Gavin Wood, another member of the core founders of the Ethereum project who had differing opinions on the project’s future. **As of January 2021, Polkadot has a market capitalization of $11.2 billion and one DOT trades for $12.54.**
6.Binance Coin (BNB)
Binance Coin is a cryptocurrency that is used by the Binance cryptocurrency exchange platform. It is placed sixth on our list of 10 best cryptocurrencies. The coin used the Ethereum network when it was launched but has since shifted to a private network used by the exchange. The coin has a maximum limit of 200 million tokens. The coin is mostly used to pay fees on the Binance platform, with the company offering users incentives like rebates and up to five years of membership for dealing in the coin.
The Binance exchange was **founded by Changpeng Zhao** and is one of the most widely used exchanges in the world based on trading volumes.
Binance Coin was initially an ERC-20 token. It eventually had its own mainnet launch. The network uses a proof-of-stake consensus model. ***As of January 2021, Binance has a $6.8 billion market capitalization with one BNB having a value of $44.26.***
**7. Chainlink (LINK)**
Chainlink is a cryptocurrency that runs on the Oracle network. It is ranked seventh on our list of 10 best cryptocurrencies. The network also provides real world data to blockchain-based networks. In 2020, Chainlink was among the top five digital currencies in the world in terms of market capitalization. In an initial coin offering in 2017, the currency raised more than $32 million. The Chainlink network has been used by many famous firms, including news company Associated Press, which used the Chainlink functionalities to provide media houses with the results of the 2020 US presidential election.
One of the many use cases of Chainlink would be to monitor water supplies for pollution or illegal syphoning going on in certain cities. Sensors could be set up to monitor corporate consumption, water tables, and the levels of local bodies of water. A Chainlink oracle could track this data and feed it directly into a smart contract. The smart contract could be set up to execute fines, release flood warnings to cities, or invoice companies using too much of a city’s water with the incoming data from the oracle.
**Chainlink was developed by Sergey Nazarov along with Steve Ellis.**
*As of January 2021, Chainlink’s market capitalization is $8.6 billion and one LINK is valued at $21.53.*
8. Stellar (XLM)
Stellar is one of the top 10 cryptocurrencies by market capitalization. It is placed eighth on our list of 10 best cryptocurrencies. It is based on an open source, decentralized protocol that converts digital currencies to fiat at very low-cost transfers. This has made Stellar one of the premium choices for cross-border transactions. Stellar was launched in 2014 and has since partnered with companies in many countries across the world, like a mobile payments startup in the Philippines, the ICICI Bank in India, African mobile payments company Flutterwave, as well as French firm Tempo Money Transfer.
Cryptocurrencies like Stellar are also being used by American technology firm DocuSign, Inc. (NASDAQ: DOCU) since 2015.
**Stellar’s native currency is Lumens (XLM)**. The network requires users to hold Lumens to be able to transact on the network.
**Stellar was founded by Jed McCaleb**, a founding **member of Ripple Labs and developer of the Ripple protocol**. He eventually left his role with Ripple and went on to cofound the Stellar Development Foundation. *Stellar Lumens have a market capitalization of $6.1 billion and are valued at $0.27 as of January 2021.*
9. Ripple (XRP)
Ripple is an open source payments solution developed by Ripple Labs. The solution includes the Ripple cryptocurrency, exchange platform, and remittance network. It is ranked ninth on our list of 10 best cryptocurrencies. Ripple was first released in 2012, but the first stable release came as recently as 2018. It is one of the most popular cryptocurrencies on the market. Amid the present controversy surrounding coin mining, it is prudent to mention that a study by Stanford University in 2017 had found that running a server on the Ripple network was like running an email server.
American payments company Square, Inc. (NYSE: SQ) has helped bring cryptocurrencies like Ripple to the mainstream.
**Ripple's CEO is Rob Garlinghouse.**
10. Tether (USDT)
Tether was one of the first and most popular of a group of so-called **stablecoins**, cryptocurrencies that aim to peg their market value to a currency or other external reference point to reduce volatility. Because most digital currencies, even major ones like Bitcoin, have experienced frequent periods of dramatic volatility, Tether and other stablecoins attempt to smooth out price fluctuations to attract users who may otherwise be cautious. Tether’s price is tied directly to the price of the U.S. dollar. The system allows users to more easily make transfers from other cryptocurrencies back to U.S. dollars in a timelier manner than actually converting to normal currency.
Launched in 2014, Tether describes itself as “a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.” Effectively, this cryptocurrency allows individuals to utilize a blockchain network and related technologies to transact in traditional currencies while minimizing the volatility and complexity often associated with digital currencies. ***As of January 2021, Tether is the third-largest cryptocurrency by market capitalization, with a total market cap of $24.4 billion and a per-token value of $1.***
So, this is it, these are my Top 10 cryptocurrencies other than Bitcoin. As always, **DYOR(Do Your Own Research)** before investing.
Here are some websites from where you can earn some free Cryptocoins. According to the above mentioned Cryptocurrencies:
Ehtereum (ETH) most oldest site https://free-ethereum.io/?referer=34050
Cardano (ADA) https://freecardano.com/?ref=358672
LItecoin (LTC) also a very old website and still paying. https://free-litecoin.com/login?referer=111593
Binance coin (BNB) https://freebinancecoin.com/?ref=191961
Chainlink (LINK) https://freechainlink.io/?ref=88913
Ripple (XRP) https://coinfaucet.io/?ref=832994
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Feel free to leave your comments!
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Resource:
Popular https://www.publish0x.com/cryptonian1/the-most-popular-cryptocurrencies-other-than-bitcoin-xgldylo
All you need to know about Plastic Finance
StartUp
Former bankers, ex-capital market players, a plastic recycle entrepreneur, and prominent **programmers** from **Bandung**, **Medan**, and **Surabaya**, **Indonesia**, have been working together to develop DeFi (decentralized Finance) based apps which provide plastic grinds exchanger, plastic loans & saving bank, and plastic recycle based stable coins indexes.
Plastic is currently used as the primary or wrapping material for the majority of products in this market. Plastic is a low-cost, long-lasting, and energy-efficient material. Plastic, on the other hand, has a negative influence if utilized in the long run; if it is used indefinitely, it will become a social problem with a negative environmental impact. Therefore, the government and community groups are moved to be able to recycle or reduce the use of plastic, so that the negative impact of using plastic can be reduced.
Everybody knows that such effort to clean plastic waste in the second most plastic polluted nation (Indonesia), using digital mobile apps have been started from the last 4 years. To name a few, there are at least 2 other startups doing this, “but, the others are focusing more to household waste, and we focus more to plastic waste collector’s well-being. We aim to elevate the welfare of waste collector by giving them access to credit through cryptocurrency DeFi, the environment impact is the byproduct result of the whole process.” says **Mr. Agung Dumadio, the COO of Plastic Finance.**
What is Plastic Finance?
Plastic Finance is a financial platform that focuses on plastic recycling by promoting a circular economy to improve the recycling system. Plastic Finance will pay more attention to the productivity of waste pickers because as is well known, waste pickers are one of the important players in plastic recycling. Waste pickers will go around to various places to pick up trash and sort it in landfills, and then it will be sent to a plastic waste treatment plant. By increasing the productivity of the waste pickers, we can improve the recycling system and increase the status of the waste pickers, because as is well known, the status of waste pickers in the eyes of people is quite low, and by increasing their social status, we can improve their lifestyle.
Plastic Finance is also concerned about the community's involvement in the recycling scheme. Enable all participants to be able to benefit and contribute to plastic recycling. Plastic Finance can thus motivate everyone to participate in plastic recycling.
Plastic Finance’s Slogan: *“Recycle, Re-use, Prosper”*
What are the features of Plastic Finance?
Plastic Finance aims to become a platform that will improve the recycling system with a circular economy. By utilizing cryptocurrency and DeFi, Plastic Finance can increase the productivity of the community, especially the waste pickers who have an important role in plastic recycling. Plastic Finance is not trying to disrupt the market with the various features and solutions it offers, but Plastic Finance is trying to add value by enabling everyone to participate in plastic recycling and benefit from it.
The following are the features of Plastic Finance:
**Decentralized Finance:** Plastic Finance allows consumers to take advantage and participate in the different DeFi options available.
**Using IoT and Blockchain:** Plastic Finance uses blockchain and IoT technology to make the recycling industry more efficient and transparent.
**Sustainability of the Platform:** Plastic Finance allows investors to participate by purchasing native Plastic Finance tokens, ensuring the platform's long-term sustainability.
**Profit-Sharing Mechanism:** Plastic Finance allows token holders to earn profit just by holding tokens.
**Tree Planting:** Plastic Finance supports a token planting program in areas to increase oxygen and reduce carbon dioxide.
What is PLAS Token?
PLAS (Plastic Finance Token) is a token that will serve as a utility token. **PLAS is based on the Binance Chain BEP-20 with a total supply of 23,900,000 PLAS tokens.** Users can use PLAS tokens for various purposes such as accessing various features on the platform, payments, etc. PLAS tokens can be purchased via a private sale program.
Plastic Finance has recently done an airdrop program for PLAS tokens, which ended on 20th May 2021.
Conclusion
Plastic Finance is a financial platform that focuses on plastic waste recycling systems. Plastic Finance adopts a circular economy system and increases the productivity of waste pickers and communities who are members of the recycling network. So that by empowering all participants, Plastic Finance can improve the recycling system to be more modern, innovative, and profitable for all parties, thus we can encourage more people to participate in plastic recycling.
Social Media Profiles:
Here is the LinkedIn profile of EKA SUWANDANA the **CEO of Plastic Finance.** https://www.linkedin.com/in/eka-suwandana-578705a1?miniProfileUrn=urn%3Ali%3Afs_miniProfile%3AACoAABWjyOwBgYZDpva2_zyEI37g1Zr-aNwpBZU&lipi=urn%3Ali%3Apage%3Ad_flagship3_search_srp_people%3BXpOO2Kw4RdKl%2FF9K2b1Dwg%3D%3D
**Official** Twitter https://twitter.com/plastic_finance
**Official** LinkedIn https://www.linkedin.com/company/plastic-finance/
**Official** Telegram https://t.me/plasticfinance
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Is it possible for someone to guess your Bitcoin Cash private key?
Every crypto wallet has a private key. Most of us are told, rightfully, to guard this private key with our lives, because anyone who gets access to it will be able to take your hard-earned cash away.
This is how private keys look like for Bitcoin/BitcoinCash wallets:
KzvYyd4vZ94NyRdgAHFmgtVEFaGi7drgu94DjhCYEf51UqReb1Dp L5HRstY66Urp2VfwvqqASVwHQNJRUJuHg5p6BB46JxJfwccZ5cZV L4Wn4W1hDzzV6a1D9HYnwSBf1m1vzHMWJ6Y8gHT4igDnkwU2GcWK
All three of those wallet addresses are 52 characters each encompassing both the English alphabet and digits 0 to 9. Bitcoin (and all other cryptos) rely on the fact that each private key is completely new, never seen before and never to be seen again by anyone else. Bitcoin doesn’t check for collisions when you generate a new wallet address. But this raises the question, with the ever-increasing number of users that are adopting crypto and the fact that one person can have many wallets. **What are the chances that your private key could either be guessed or collide with a newly generated wallet with the same address?**
***Well,***
**“There are more Bitcoin addresses than atoms in the universe.”**
There are an estimate 10⁸² atoms in the observable universe. That includes all galaxies and blackholes in a 46.5 billion light year radius. Even though it sounds plausible that there are more Bitcoin addresses than atoms in the universe, after all 2¹⁶⁰ sounds larger than 10⁸², the statement is in fact very wrong. It just illustrates how bad the human brain is at imagining vast numbers.
There are ~ 6.8 *10³³ less Bitcoin addresses than atoms in the universe. But again, it is difficult to imagine how much less. Written in full, it might become a bit clearer: 6,842,277,657,836,020,854,119,773,355,907,794. But let’s face it, big numbers are hard to imagine.
To avoid being deceived when comparing large numbers it helps to express them on the same base: 2¹⁶⁰ =10^(log2)*160 ~10⁴⁸. Comparing the amount of Bitcoin addresses to the size of the universe does not really help to appreciate how large a number 2¹⁶⁰ really is.
In fact, as crypto adoption grows and potentially replaces fiat currency entirely, there will be a number of people who'd definitely think about the prospect of becoming a digital treasure hunter. Just trying address after address until they got to an account with potentially thousands of Bitcoin/ETH/etc. or maybe more!!!
What if these people were to create a database of all the possible Bitcoin/Bitcoin Cash addresses and then just start to pull out money from all of them one by one? To explain why this wouldn't be possible, all of the world's computers combined today would provide about 2.3 zettabytes of storage according to some estimates. 1 yottabyte = 1000 zettabytes. To store all Bitcoin/Bitcoin cash addresses you would require 5 yottabytes2 storage space. There isn't enough coal and gas on Earth to make the electricity that would store this database.
How safe is your bitcoin/bitcoin cash address?
The risk of someone finding the private key of a wallet which contains any Bitcoin will depend mainly on two things: how many wallets with bitcoin exist and how many wallets can be generated in a reasonable time.
In February 2020 there were a reported 615,463,205 Bitcoin addresses with a non-zero balance. Since there will only be a total of 21 million Bitcoins each consisting of 10⁸ satoshis, the absolute maximum of addresses that can contain any Bitcoin at the same time is 2.1*10¹⁵. This is about 29 million times more than addresses currently in use.
For the sake of argument let’s assume this worst-case scenario. The highest possible amount of Bitcoin addresses that can each contain 1 satoshi is 2.1*10¹⁵. This is 4392 times less than the amount of sand on earth.
**It would take 4882 billion billion billion years for a 10% chance to find 1 specific key.**
Now, lets see,
Brute-Forcing a Bitcoin/BitcoinCash Private Key: How Hard Is It?
Using a brute force attack to crack a private key is similar to counting to infinity: the sooner you start, the faster you'll never get there. Using a brute force attack to crack a bitcoin private key remains an attractive idea for many, despite the fact that it is as close to impossible as it gets.
For math geeks, key cracking is a question of statistical probability and for hopeless dreamers, a question of ambition. Long shots capture the imagination of simple mammalian minds, and for those who wish to rage against the odds, the lottery is a game for the faint of heart – the finest display of sheer dumb mathematical bravery is in trying to brute force Bitcoin.
A Coin-1's user initial reaction is a polite attempt to prevent anyone from going any further: “Let's see how long it takes you to crack a single Bitcoin address on your PC. You claimed to be able to process 9 million BTC addresses per second, i.e. approximately 223 BTC-addresses per second. Thus, the brute forcing will take 2160-23 = 2137seconds! I guess it is more than septillion (1024) years!”
On an ordinary computer, attempting to extract funds from a bitcoin/bitcoin cash wallet to which you didn’t have the key would be a fool’s errand.
Conclusion
I just wanted to show everyone how cool the Math behind cryptocurrency is and how while it may seem easy to imagine guessing a private key, it's a gargantuan task that not even the most powerful computers working together in the world today could think of pulling off and how unlikely it is to ever be possible.
The cryptography of Bitcoin is extremely strong. You can rest assured that if your Bitcoins are stored on a secure hardware wallet, the chances that they get stolen through a random guess of your private key is close zero.
**It is practically impossible to guess/crack someone else’s wallet address even for the FBI.**
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Resources:
medium https://medium.com/coinmonks/how-likely-is-it-that-someone-could-guess-your-bitcoin-private-key-6c0edd56fa1f
Bitcoin.com https://news.bitcoin.com/how-hard-is-it-to-brute-force-a-bitcoin-private-key/
I Tried all the Free methods of gaining crypto, and These are the Results
The title says it all. I used and downloaded all the ‘free’ ways to earn crypto I read about on the internet, so that you don’t have to. I tried to use them all for at least a month to see what kinds of earnings there were. They are listed in order according to how much I recommend them, from best to worst.
**DISCLAIMER**: On most of these sites I used fake names and new emails to register. Some of them may be harvesting your data or providing other security concerns. Please do your own research, be safe, and remember that many apps and websites do not have your best interest in mind.
Brave Browser
**What it is:** Brave is a free browser to download and use - essentially an alternative to Chrome or Firefox. And as an actual browser, I must say I’m quite pleased. It’s fast, simple, and comes with built in adblocker and Tor browser. But we aren’t here to talk about free browsers. In addition to blocking ads, Brave (if you allow it to) will send you ads of their own, and give you the revenue in crypto. Every fifteen minutes or so while browsing the net, a little popup text box appears in the bottom right of my screen, advertising a product. I close it out, and a few pennies are added to my account. Brave pays out in the form of BAT tokens. It was easy to setup.
**Results:** I’ve had Brave for more than a year now and in that time have accumulated 58 BAT, currently worth $46. Considering that,
I like this browser more than Chrome
I have now completely forgotten about the ads and click them away unconsciously; I think this is great. It also helps that BAT has risen so significantly in the last year.
**Opinion for Brave:** Excellent. Highly Recommended.
Presearch
**What it is:** It’s a search engine. You can use it instead of google. Just like google, there are ads - sites paying to be listed first - but unlike google, they pay you a portion of the revenue. I set it as the search engine in browser bar, and as someone who googles things regularly, I was quickly gaining coins. As a search engine I would say it is ‘okay’. Though it is designed so you can easily switch to looking at your results in google.
**Results:** You gain .12 tokens per search (up to 30 per day) and can withdraw after gaining 1,000 tokens. Obviously, how much you make will depend on how often you search things. Personally, I set this as my default search engine and forgot all about it. Do your own research, but I see no downsides.
**Opinion for** **Presearch****:** Good. Recommended. You can Sign up on it from here. https://presearch.org/signup?rid=1548465
CryptoTab Browser Pro
**What is it:** CryptoTab is a web browser based on the Google Chrome (Chromium) platform. Basically, it is a fork of Google Chrome. It uses a built-in mining function to mine Bitcoin while you are surfing on the Internet.
Mining Bitcoin using CryptoTab is very different than the conventional mining technique. It uses a unique method of mining BTC, wherein the collective power of all computers connected with the browser is used to mine BTC. On mobile the mining is cloud-based mining means no harm to your hardware or software. But you have to turn it ON after 3 hours of mining period. https://cryptotabbrowser.com/4293143
Below is the list of Pros and Cons that I found out while using the CryptoTab browser. https://cryptotabbrowser.com/4293143
**Pros:**
Better and Efficient than the Chrome Browser.
All Chrome-based plugins can be used.
10 level referral program.
Earn BTC while you browse.
Sync's easy with Google account.
**Cons:**
Overwrites Google Chrome after sync.
It starts itself automatically every time you log onto the system.
If you want to use crypto tab browser pro on mobile than on Play Store you have to pay **$0.99 on Play store** and **$3.99 on App store** "Don't worry its worth paying it" :).
**Here is what i have made in just 1.5 months:**
**Opnion on** **CryptoTab** **browser pro**: Good, Recommended. If you want to give it a try you can download it here. https://cryptotabbrowser.com/4293143
Honeygain
**What it is:** It is an application available for both mobile and desktop computer. All this app does is that it collects your unused internet. In short - you essentially employ your internet connection to make money for you. Once you’ve installed the app, it starts using your internet data. You can sign up later.
Honeygain pays you in hard cash and in Bitcoin, which you can receive in your PayPal or Bitcoin account. The minimum payment amount is 20$.
**Results:** After using this app for 2 months I have reached the half payout threshold. I have recently checked some YouTube videos on its payment proof. So, I think it’s a legit app and will pay. Here are my earning:
**My Opinion on** **Honeygain****:** Good. Recommended. Here is the download link for honeygain app for both PC and Mobile. https://r.honeygain.me/SUBHAA0B
Honey Miner
**What it is:** It’s a crypto miner that assesses your computers capabilities, and runs accordingly. I have a DELL laptop, so certainly no mining rig. No GPUs, really nothing that could help me do actual crypto mining. So, I set up Honeyminer, and it mines in the background.
**Results:** My Laptop got hot fast. I left it overnight a few times, but honestly, I was concerned about the heat. It’s a bad idea to let it run for too long unless you have a third-party cooling unit. This meant that I was left running it for short spurts during the day, which was far less effective. If you have a gaming computer or proper cooling system, this might work well for you.
After a month I stopped using it for fear of damaging my computer. In the month that I did use it (as I said, on and off) I made 1200 Satoshi, currently worth about $0.40. But honestly,
I didn’t run it near as much as I could and
it runs in the background, meaning virtually no time and effort after installation.
If you are able to run this without damaging your hardware, why not? As always, **DYOR (do your own research),** but this seems okay to me.
**Opinion for Honeyminer:** Could be good if you have the right computer.
COIN geominer
**What it is:** A phone app that (claims to) scrape geodata and turn it into reward points that can be redeemed for crypto. As I move, it starts “mining” and turns blue. The more you walk the more you mine, and you can re-mine a square after a few minutes. Just think of it as a far simpler version of Pokémon go. I usually go for a walk each day, so I brought it with me and mined all the trails and parks in the area. I’d boot up the app, stick it in my hoodie pocket (can’t lock the screen) and a half hour walk would drain about half my battery. You can also fill out surveys and watch videos to earn coins, but this sort of defeats the idea of being “free”, since this actually requires time.
**Results:** In 3 months I have made 4,000 in-app coins. 10,000 coins can be redeemed for XYO Erc-20 tokens. 1.8 million coins can be redeemed for 0.025 Bitcoin. The quickest way to gain coins is not to use the geominer at all, but to fill out surveys. Currently I walk with the app, let it drain my battery, check in for bonuses every day and it will take about 9 months to earn some XYO coins which really don’t seem worth it. To earn BTC will require about ten years. I’d say stick with the surveys. The pay isn’t that good.
**Opinion for COIN geomining:** Skip the geomining feature. If you’re willing to write surveys, they will pay you in crypto.
Cointiply
**What it is:** It’s both an app and a website that offers free Bitcoin after every 12 hours. All you have to do is log in and fill out a captcha and you are rewarded. I tried to check back in 12 hours for a month. They also offers PTC ads and survey completion points.
**Results:** After two month I have made 1,483 in-app coins, worth .00000662 BTC, or $0.23 USD. The minimal withdrawal amount is 50,000 coins (30,000 if you withdraw to DOGE). At this rate it will take me 10 months to make a withdrawal. That is it, if this site actually pays out and isn’t a scam. Anyone willing to wait 10-20 months to find out?
**Opnion for Cointiply:** Not Worth it. But still if you want to try it Join it from here. http://cointiply.com/r/mXAy4
Pi Network app
**What it is:** An app where you log in everyday and click a button to ‘mine currency’. You can do this once every 24 hours. Pi claims to be a crypto coin that will be ‘launching soon’. In other words, I’m getting paid in a coin that hasn’t dropped yet.
**Results:** If Pi is a real coin that drops someday and becomes valuable, that’s great, I’ve got lots. But I’m doubtful. The app claims that once the coin drops you won’t be able to mine anymore so now is the time to do so. I’m not convinced Pi will ever materialize.
For now, I’ve mined every day for almost 3 months and have made 136 pi. How much is this worth you ask? Nothing. Nada. I see no harm in this app (do your own research) I just don’t see any benefit.
**Opnion for Pi:** Not worth it.
Free Crypto Apps/Faucets
**What it is:** There’s a bunch of these apps that claim to offer free crypto and to be faucets. I downloaded several and they are all essentially the same. I ended up using one called ‘Free Dogecoin’ for a month to see how it went. Every hour you can log in and spins and it decides if you won free coins or not. I played an average of 5-6 times per day for a month and would say I usually won once per day. You can watch ads to earn additional spins, which, if I’m not mistaken, increased my chances of winning. As far as I can tell, all of these apps (and there are many of them) are essentially the same. It’s a randomized game that may or may not pay out every hour.
**Results:** ‘Free Dogecoin’ pays in dogecoins. After one month I have made 55 Dogecoins. You need 10,000 to withdraw. This means that at current trading value, I make a few cents each month in this app. It will take 6-7 months to make a withdrawal, worth about $1.70. That is it, assuming you actually can withdraw and this isn’t a scam.
**Opnion for Free Crypto Apps:** Not Worth It, totally waste of time.
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What to anticipate in Bluzelle 2.0
Bluzelle started out as a decentralized database, but it has now grown to include a lot more. Bluzelle introduced a unique service in the form of file storage. This functionality is in high demand, especially in the NFT world. It's great that Bluzelle didn't only stay to what it started with, but instead grew and integrated a lot more.
Bluzelle 2.0 combines the functionality of MongoDB, IPFS, Filecoin, and ChainLink into a single package. In 2021, Bluzelle has been able to produce the following, and the year is just halfway over.
Mainnet databases
Cross-chain bridges
Oracles
Finally, there's file storage.
The Bluzelle 2.0 is made up of all of the items listed above. This means that creators will have easy access to everything they require in a single ecosystem. Bluzelle 2.0 allows creators to create unique goods without having to move around. This is beneficial to everyone.
Bluzelle has full EVM support, which means it works with Ethereum, Fantom, Polygon, and Binance Smart Chain. People require simple storage of their data and files, as well as access to real-time data via oracles.
On Bluzelle all ***data retrieval is blazing fast***. This is because all your data and files are available across all nodes and the info gets to you from the fastest one. Bluzelle doubles as a high-speed edge data cache. And also, ***you pay once and get backups across all nodes for the same price***. Simple and straightforward. Bluzelle provides the guarantee your file will always be there for you.
**NFTs will be based in Bluzelle**
Smart contracts can be used to control the ownership and authentication of NFTs. However, the **NFT file is stored on a centralized system such as AWS**. Because of single points of failure in centralized systems, the NFT may be withdrawn or rendered unavailable.
NFT files are stored by Bluzelle on its decentralized storage network, which ensures that they are secure, always available, and cannot be tampered with. Bluzelle's blockchain network ensures that all files are accessible in a decentralized manner. The file is duplicated across all validator’s nodes, ensuring that it cannot be removed. Bluzelle's NFT storage solution addresses the most pressing issue with NFTs.
**Bluzelle 2.0 is a natural place for Defi products to be built.**
The forthcoming upgrades to the network expected over the following months will also be attractive for DeFi developers who require high network transaction throughput, a greater degree of cross-chain communication, oracles for pulling and pushing data, and decentralized data storage.
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Resource:
Cryptoslate
A step by step guide to Mint NFT's
Enjin's JumpNet is Live!!!
So, JumpNet public access went live and you are wondering how to mint NFTs on Jumpnet?
In this article, I am going to explain step by step ***how to mint your own NFT*** (Non-Fungible Token), on the Jumpnet Network.
***Why Jumpnet? Because it has No Gas-Fees, and the process is easy with plenty customization options.***
I am going to use the Enjin platform to mint our own ERC-1155 NFTs, don’t worry, it’s super easy. https://enjin.io/
Enjin is a major player in the NFT field, and JumpNet public access just launched, so you'll only need a little amount of ETH for a one-time transaction and a few ENJ tokens to back your NFTs.
How to Mint NFTs on JumpNet
Let’s get started with the creation of your first NFT
To begin with, you will need:
Enjin Wallet **Mobile Application** installed and setup available on both(Play store and App store) https://enjin.io/software/wallet
ENJ Tokens to back your items, we suggest Kriptomat or Binance.
ETH to cover ENJ->JENJ transaction Fee (one time).
An account on the **Enjin Platform**. If you don't have one create here. https://cloud.enjin.io/login https://cloud.enjin.io/signup
Take note of the following:
If this is your first time installing Enjin Wallet, click "Create" and SAVE your 12 words; if you lose these words, you will lose your wallet forever. Decentralization and being your own bank come at a price.
If you don't have ENJ tokens, you'll have to go through Kriptomat's KYC verification process. From within the Enjin Wallet, you may also use a DEX like Uniswap or 1Inch.
Any number of ENJ tokens will suffice. To avoid having to pay Ethereum fees again if you run out of JENJ, make sure you receive 10-20 or more.
Create The Platform for your Token
We're set to go assuming you've performed the previous procedures and have ENJ loaded in your Enjin Wallet.
Select Create Project from the drop-down menu.
Next, you will have to add the Title of your project, the description, and an image.
After you have finished, click the ‘SAVE CHANGES’ button located in your bottom right corner.
Look in the left sidebar once you've saved your project for a message to link your Enjin Wallet to the Enjin Platform. Click on it and follow the on-screen instructions to complete the process. This is the wallet where you'll get your NFTs and where Enjin will take your ENJ Tokens, so make sure it's full of ENJ.
Now that you have linked your wallet and created the Project. It’s time to mint your first NFT.
**How to Create an NFT Using the Enjin Platform.**
From the left-hand sidebar, select 'Assets' and then 'Create Asset'. A new page will open with all of the information about your NFT.
**After you have filled all the necessary information**
Click the '***CREATE ASSET*** ' Button and go back to your Enjin Wallet Application to approve the transaction.
The next step is to locate your asset on the Enjin Platform and click the "***Mint***" button.
There, type the amount of Tokens you would like to mint as first batch and the Enjin (Ethereum) wallet you want them to be delivered.
*Congratulations, you've just minted your first Jumpnet NFT!*
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P2P Trading! Binance Professionalism ???
A little intro to Binance
**Binance** Is a cryptocurrency wallet. As of April 2021, Binance was the ***largest cryptocurrency exchange in the world*** in terms of trading volume. ***Binance was founded by Changpeng Zhao***. Binance is more than an exchange. It also has an Academy, Broker, Charity and more. https://www.binance.com/en
What is (P2P) Peer-to-peer trading ?
Cryptocurrency trading can be done in a variety of ways. For spot trading, you can go to a centralized or decentralized exchange, or trade directly with other crypto holders and swap your assets from person to person.
***Peer-to-peer (P2P) trading is the term for this scenario***. In the beginning, there were few ways to buy and trade cryptocurrency. This drove users to meet up with others in person or through online communities to trade their digital assets for a variety of other things. Despite the introduction of numerous large cryptocurrency exchanges, some traders continue to use peer-to-peer trading despite the risks involved with this kind of deal. The risk of getting scammed is too high. So, make sure you choose a trustworthy Person.
Binance p2p trading: How to Use It ?
You must **first register** on Binance before you can make your first trade on the Binance P2P trading platform. Complete the Know Your Customer (KYC) process, enable two-factor authentication, and select your preferred payment method. Binance is able to provide a layer of security for all of your P2P trades by validating all P2P traders. https://www.binance.cc/en/register?ref=160317124
When you're ready, go to the top navigation and select "P2P Trading." Choose the cryptocurrency you want to buy from the P2P trading page. Select an ad, then click "Buy" after filtering the price and payment options in the drop-down box.
Confirm the transaction information and complete the transaction. The transaction is complete after the seller releases the bitcoin you purchased, and you can transfer the bitcoin/bitcoin cash to your spot wallet.
**Don't worry if you haven't received your Bitcoin within 15 minutes**; simply click "Appeal" and customer support will assist you in finalizing the transaction.
Why P2P is better than Credit Card Payment?
Imagine ***saving more than 1minute time per transaction*** is a huge help in many mini businesses. Meaning if you have 60 transaction per day you save 1hour not that bad for busy workplace. Its very suitable in busy place like restaurant, grocery store and gas stations. And in P2P your identity is safe and no more hustle to get your card or cash.
Features that make “bitcoincash a global p2p” !!!
Uncensorable
Secure/Reliable
Low cost
Fast
Final Words
***One of the biggest advantages*** of Binance P2P besides the reduction of risks is the total ***absence of fees***. While many P2P trading platforms get a share out of your trades, you don’t have to worry about that when it comes to Binance P2P trading. The P2P trading fees are zero.
If you haven't signed up for **Binance** yet, you can do so using my referral link and the invitation code **160317124** . ***It will save you trading fees every time you trade*** on Binance if you utilize it. When you introduce a friend to cryptocurrencies, keep this possibility in mind because it will save both of you money. https://www.binance.cc/en/register?ref=160317124
Crypto terms you need to know about.
***I assume that not everyone is an expert in cryptocurrency***. So, from **Level 1 to Level 3**, I produced a list of crypto words and their definitions. Hopefully, this clarifies a few more crypto terms.
LEVEL 1:
**1. FUD:** Fear, Uncertainty and Doubt (So a FUDster is a person who spreads rumor's.)
**2. FOMO**: Fear Of Missing Out
**3. HODL(the most obvious):** Originally hold misspelled, also Hold On For Dear Life
**4. FIAT:** Government issued currency
**5. WHALE:** Someone who owns a lot of Crypto
**6. Brr:** Brr describes the sound that money printer makes when the government prints money.
**7. REKT:** When an investor is blown out of the water by a catastrophic coin crash, the term "rekt" is used.
**8. SLILL:** An individual promoting Alt-Coins for their own benefit.
LEVEL 2:
**1. Node**: A computer that validates transactions.
**2. DeFi:** DeFi stands for Decentralized Finance. It is a grab phrase for financial services based on public blockchains, most famously Ethereum. ***With Defi you can do most of the things that banks support***, but it's faster and doesn't involve any paperwork or a third party.
**3. Cold Wallet:** An offline wallet
**4. Hot wallet:** An online wallet
**5. NFT:** A non-fungible token is a digital asset that can be used to represent anything.
**6. Halving**: The Block reward for miners is cut in half.
LEVEL 3:
**1. Lightning Network:** The lightning network is a bitcoin second layer solution that employs micropayment channels to increase the blockchain's ability to process transactions more quickly. Lightning network transactions are faster, less expensive, and more easily validated than transactions made directly on the bitcoin blockchain (i.e., on-chain).
Only when the blockchain has been updated to reflect the transactions on the public ledger are on-chain transactions considered genuine.
**2. Yield Farming:** Yield farming is a method of allowing bitcoin investors to lock up their assets in exchange for rewards. It's a mechanism that allows you to earn fixed or variable interest by investing cryptocurrency in a DeFi market. It entails using the Ethereum network to lend bitcoin.
Yield farming is usually done on Ethereum with ERC-20 tokens, and the incentives are also ERC-20 tokens. While this may change in the future, the Ethereum ecosystem currently houses practically all yield farming transactions.
**3. ICO**: **ICO stands for Initial Coin Offering**. When a new cryptocurrency or crypto-token is released, its creators offer a limited number of units to investors in exchange for other big crypto coins like Bitcoin or Ethereum. Ripple was the first cryptocurrency to be released through an initial coin offering (ICO).
Ripple Labs began developing the Ripple payment system in early 2013, generating over 100 billion XRP tokens in the process. These were sold in an initial coin offering (ICO) to help fund the development of Ripple's platform.
**4. Genesis block:** A Genesis Block is the moniker given to the first block "ever mined" in a cryptocurrency like Bitcoin. A blockchain is made up of a series of blocks that are used to store information about transactions that take place on the network. Each block has its own unique header, which is recognized by its block header hash.
These blocks are piled one on top of the other, with the Genesis Block serving as the foundation, and they continue to rise in height until the blockchain's conclusion is reached and the sequence is completed. One of the factors that makes a blockchain-based cryptocurrency so secure is the layers and rich history of each sequence.
And Yup! this is the end of Level 3 :)
Can you hold Bitcoin for 3-4 years !
If You Can Hold a 401K Plan for 30-40 Years, You Can Hold Bitcoin for 3-4 Years.
You also only have to purchase into BTC once, as opposed to a 401K, where most people keep reinvesting every pay check, only to forfeit the interest you gained by paying a penalty if you withdraw too soon. Because that's how the game is played. The trick to a 401K is to convince everyone to hold because if everyone sells, everyone else who didn't sell fast enough loses money and the whole thing crashes. That's why they charge penalties.
It's like investing in safemoon and they charge you penalties for selling In order to keep the current value more stable so the entirety of holders don't start panic selling it into oblivion.
Also you can panic sell a 401K too. It happened to many people after the housing market crash of 2008. My mom panic sold her 401k because it went from $50k to $9k. I don't know much about investing then but I will never forget what she said. I was afraid I would lose it all, it kept going down.
What she says sounds much like what people say about Bitcoin.
Nowadays my mom is retired, and sometimes she brings that up...I should've just kept it in...it went back up!
Unfortunately this is how the most powerful people work. They shake out weak hands so they can buy up super low. Otherwise there would be no big guy buying your shit back.
Rich are buying your shit cheap for a reason...not just because they are just speculating.
So yeah, you can get serious FUD with 401K and it's not just coming from my mom. Many honest hard working people don't understand the game whales play...they get shilled into things and are convinced it's safe because their employer offers it. All a 401K is, is investments into stocks and bonds that are stable but not always safe.
So if you can continually dump every paycheck into something that penalizes you for withdrawing early and hold that shit for 30 years , then you can buy Bitcoin once and hold it for 3 years without any penality for withdrawing some too early unless tax on capital gains. But that's normal.
So stick to your original plan, and hold.
**Additional Words:**
Exactly. While the 401k has been harmed by fees switching from the responsibility of the company to the employee, and the complexity that's been needlessly added in, it's still a highly viable investment instrument when people take the responsibility of understanding their 401k.
These investments also place a fiduciary duty on the company to maximize returns. Earning 4-8% annually on average is stable, reliable savings. It may not be enough for retirement, but it's better than most of the non-speculative investment options.
Dear Bitcoin Comedy Poetry:
Dear Bitcoin, I bought some of you but you still ain't mooned
I sold my car, my valuables and the coins from the couch that were at the bottom
I sent two bitcoin To Bill Gates in exchange for 10 but he must not-a got 'em
There probably was a problem on the exchange or somethin'
Sometimes I scribble addresses too sloppy when I jot 'em
But anyways, fuck it, when lambo man? When's your bottom?
My girlfriend's buying too, I'm 'bout to be a financial advisor
If I make my own token, guess what ima call it?
Something with a dog.
I read about the China news too I'm sorry
I had a friend sell his Bitcoin and say he didnt want em
I know you probably hear this every day, but I'm your biggest fan
I just lost all my bitcoin in some scam
I had a drive full of your coins and your wallets ma
So i bought some more with my latest paycheck, that shit was fat
Anyways, I hope you moon soon man, hit some green
Just to stack, truly yours, your biggest fan
Diamond hand
The best way to fight ransomware is to ban cryptocurrency – Lee Reiners
Many financial professionals have continued to discuss the pros and cons of cryptocurrencies in the economy. This time, a well-known financial expert, Lee Reiners, has argued that cryptocurrency should be outlawed.
He claims that the rise of ransomware and the adoption of cryptocurrencies are not related. Cryptocurrency, he claims, is the cause of cybercrime have increased in recent time.
**Reiners is also the executive director of the Global Financial Markets Center at Duke University.** “**The existence of Bitcoin and the others benefits nobody except criminals and speculators**” **he told CNBC.**
He went on to say that the best way to stop these threat actors is to ban bitcoin outright.
Ransom payments to hackers are becoming more common.
**Reiners** was asked what percentage of ransom payments to hackers are made with cryptocurrency. He claims that the number has risen over time. He estimated that the total ransom paid to date could be in the billions of dollars, including both documented and unreported cases.
**Reiners** went on to say that it's past time for law enforcement to investigate the matter because cryptocurrencies don't provide any significant economic benefits. Instead, it has resulted in an increase in criminal activity, with criminals becoming more daring because they can avoid getting detected while receiving money via cryptocurrencies.
Payments made in the form of ransomware should be prohibited.
Reiners also discussed expert recommendations to entirely prohibit corporations from paying ransom as a response to the growing number of threats. He remarked that enacting the legislation is not the issue, but rather getting people to follow it. Because of the nature of crypto payments, it can be impossible to tell who has paid and who hasn't.
He pointed out that even if 10% of corporations continue to pay the ransom, the regulation will be ineffective. It will, he claims, undercut the whole goal and promote more danger actors.
****Reiners**** **came to the conclusion that the ideal answer is to prohibit criminals from using cryptocurrencies to collect their ransom.**
PayPal jumps in for BCH transactions and it's "PayPalCoin"
**BTC, ETH, LTC, and** ****BCH**** **holders will soon be able to send and receive coins via PayPal.**
PayPal, the world's largest payment processor, is set to provide a platform for transferring cryptocurrencies to third-party wallets and from third-party wallets to PayPal.
While speaking at **CoinDesk's 2021 conference**, PayPal's blockchain lead, Jose Fernandez da Ponte, stated that the payment giant is working on a coin withdrawal function.
PayPal does not currently allow customers to transfer cryptocurrency outside of its payment platform. Since **October 2020**, it has been possible to buy Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and **Bitcoin Cash** (BCH).
According to **Jose Fernandez da Ponte**:
“We want to make it as open as possible, and we want to give choice to our consumers, something that will let them pay in any way they want to pay. They want to bring their crypto to us so they can use it in commerce, and we want them to be able to take the crypto they acquired with us and take it to the destination of their choice…”
We agree that having the ability to move those tokens around increases their utility, therefore we're looking on ways to allow consumers to send crypto to and from their PayPal accounts.
Ponte went on to say that the company is used to releasing new products every two months on average. However, PayPal’s blockchain lead made it clear that there is no specific date yet for withdrawal functionality to go live on the platform.
“This is simply too early,” da Ponte said of reports that **the payment giant is on the verge of introducing its own stable coin,** ****PayPalCoin******.**
Future of Cryptocurrency and how much big BCH is ?
How Big is Crypto Really ?
I'd like to present an alternative viewpoint. The total **market capitalization** of cryptocurrencies is **1.8 trillion dollars**. Apple stock alone has a market capitalization of **2.5 trillion dollars**. Consider it. One public corporation is larger than all of the crypto currencies put together. When you consider the whole stock market and banking system, you can see how tiny crypto is right now. We are still in the early stages. It’s less than **1%** of total currency and markets. Overall, there is still a lot of room for improvement. When you consider how the machine and internet exploded, we're still in the early days of crypto currency.
**It's not too late**, so don't give up. Many programs, if not all, are not guaranteed. If you believe in technology, however, now is the time to invest. It's the same way that people say to themselves, "Oh, I should have invested in Apple or Amazon," after the fact.
The Future of Cryptocurrency
Some economic analysts predict a **big change in crypto** is forthcoming as institutional money enters the market.
Furthermore, there is a chance that crypto would be listed on the Nasdaq, which would lend legitimacy to blockchain and its usage as a substitute for traditional currencies. Some believe that all cryptocurrency requires is a validated **exchange traded fund (ETF)**. While an ETF will make it easier for people to invest in Bitcoin, there must also be a market for it in crypto, which might not automatically be generated with a fund.
Limitations that cryptocurrency Presently Face:
Any of the current drawbacks of cryptocurrencies, such as **the fact** **that a computer crash may wipe out one's digital wealth** or that a virtual vault can be ransacked by a hacker, can be overcome in the future via technical advancements. The more common Cryptocurrencies become, the more regulation and government scrutiny they are likely to face, decreasing the fundamental value of the currency.
Despite the fact that the number of merchants accepting cryptocurrencies has gradually increased, they exist in the minority. In order for cryptocurrencies to become more commonly adopted, they must first gain consumer acceptance.
Conclusion
A cryptocurrency that aspires to enter the mainstream financial system will have to meet a variety of requirements. While that probability seems remote, it is undeniable that Bitcoin's success or failure in coping with the difficulties it faces would have a **significant impact** **on the fortunes** of other cryptocurrencies in the **years ahead.**
All you need to know about BCH mining.
How are Bitcoin Cash coins mined?
**Mining is the process of** ****adding new blocks to the Bitcoin Cash network**** and confirming new Bitcoin Cash transactions. **Miners** ****solve complex puzzles**** **with the help of computers and electricity.** They gain the capacity to create new transaction blocks as a result of this. The miner, or mining pool, obtains a block reward in the form of newly-issued bitcoin cash(BCH) if one of their blocks is approved by the network.
**Mining is a very tough industry**. More miners are incentivized to add more hash rate into the ever-increasing miner competition to produce blocks and have them accepted by the Bitcoin Cash network as the **market price of Bitcoin Cash climbs**. By boosting and dispersing the hash rate, more miners make the network more secure. This prevents a single miner from controlling the entire network.
**Bitcoin Cash can be mined by anyone**. Mining necessitates the use of specialised gear known as mining equipment, which can be purchased or rented. To generate blocks and connect to the rest of the Bitcoin Cash network, miners must also run full node software (the majority of miners are currently running BCHN).Mining can be done independently but miners often pool their hash rate together and share proportionally in the earned block rewards.
How Does it Work?
It's all about reaching a Proof-of-Work agreement **(******PoW******)**. The role of **PoW** in the blockchain realm determines the entire mining process. This is a mechanism that assures that the block was sufficiently challenging to resolve in terms of time and cost (**energy and hardware**).
**What is the best way to get around this** ****barrier?**** The mining algorithm produces a variety of random variables and checks if the hash matches the requirements; if not, it repeats the process until it finds a perfect match.
Finally, this is a consensus process in which all users must trust one another in order for the transaction to be approved, as its name (PoW) indicates.
What do you require to begin mining?
**The hardware you're willing to employ is undoubtedly the** ****backbone of a successful mining**** **procedure.** As a result, we'll go over this crucial decision in depth, but you need also consider a few other mining flashes that are hardware-related. When making judgments, you should look for your ideal mining match in order to arrive at a configuration that meets your requirements. Take a look at the following items on my list:
**Mining Hardware** – GPU or CPU
**Mining Software** – for GPU Mining
**Crypto Wallet** – to receive mined Coins
It is **recommended to check the profitability of BCH** everytime you are about to **start mining**. For this you can try an **application called** ****mining calculator****, in which you can check what is the **estimated income you’re about to receive once you start mining.**
Next Level Expose !!!
Up to the next level! **XPOSURE**! The biggest soccer Instagram page is **433! BALR** is a **high-end brand**. **They are a part of it!**
I discovered an **incredible GEM** that is absolutely NEXT level. So, allow me to explain it to you. This project was able to get their hands on the WORLD'S LARGEST Instagram account for soccer. They polled their followers to see how much they **invest in cryptocurrency**, and found that **39%** of them do. They also have a total of 60 million followers across all platforms. Because **SAFEMOON** didn't have this kind of reach, I'm confident this will pass. These persons have the ability to dm **Cristiano Ronaldo**! Many BIG names will get involved!
The reason I'm saying this is because **Ralph de Geus**, who owns **433** and **BALR**, has joined their team. Because this is a marketing effort, there will be a lot of it. I genuinely feel this will moon, and the cap is still very low.
433 is the most popular soccer Instagram account! BALR is a high-end brand.
**4% Xposure Pool**
**3% Liquidity Pool/Burning**
**3% Holders**
Dxsale LP lock till 2100
Available on **Coinmarketcap** (Vamue showing on Coinmarketcap is not right,dont get misslead)
Available on **CoinGecko**
Audit is done by **F.A.R**
Techrate Audit is in progress
A lot of marketing
Xpose Swap
Listed on IndoEX Exchange
Ups and Downs Doesn't harm my BCH's value
Not being guru here but during the April. I sensed it market will rise due to 420 occasion and it did not sure because of 420 just a co incidence may be. I had 112% on my fiat already. I was really happy and looking forward to future but then the dip comes in picture.
Here's reason why it doesn't matter to me:
The whatever currency I am holding is down value but there is no way that I have got to pay any fiat to anybody. I simply loose it and it should not really demoralize me.
Now that Summer is down the corner I completely get it people need fiat to spend and live their lives that makes me happy. And honestly down the line during fall I sense the market will rise again.
When people write don't buy more than you can loose are really the one holding the line. And I am proud of you HOLderS!
Have a wonderful day :)
Finally "BCH" is now added in Pushtx.com
We have added Bitcoin Cash as a payment method for http://Pushtx.com
Said Poolin on their official account on twitter: @officialpoolin https://twitter.com/officialpoolin/status/1368894605387792385
The http://Pushtx.com API supports 0-confirmations #bitcoincash
We also accept all sorts of other payment options, use Pushtx to accelerate your stuck Bitcoin transaction easily.
BCH's realm
****The world created by BCH****
BCH is a fork of BTC, and as such, it's a better version that aims to fill roles that BTC isn't designed to do. Every holder of bch is in for a new world, as they will be able to experience rapid and easy transactions without having to worry about gas fees, as all available funds may be moved and received with the network charge being very minimal, equating to little or nothing to generate.
**More transactions and at a faster pace**
Yes, a large number of transactions can be sent out with BCH, and let me add that it's quick on the receiving end. This is by far a benefit of BCH, as its blockchain is capable of receiving a large number of transactions and sending them out before you realize they're still pending. That's how quick it is.
**With smartBCH, Metamask is being tested.**
This means that users, investors, and the entire community will have a similar interface. This will be especially useful for individuals who are already used to using MetaMask on Ethereum, but this time it will function on Bitcoin Cash.
As a result, users will feel as if they are using something they are already familiar with, except that there will be no exorbitant fees as there were when it ran on eth. It's not that Bitcoin BCH is mimicking other projects; it's that due to censorship and propaganda by Bitcoin Core, people were unable to develop on top of Bitcoin, forcing everything to be rebuilt on top of what is now the actual Bitcoin.
**Bright Future**
Multiple distinct teams of developers are working on software implementations for Bitcoin Cash. They're already working on new features and improvements to make Bitcoin Cash the best money on the planet. Bitcoin Cash's decentralised development also makes it immune to political and social attacks on the protocol's development.
**Final words**
BCH has created a plethora of opportunities, and ideally it will continue to do so in order to service an ever-increasing number of users. Well, I'll say one thing about BCH. Keep your hodl on BCH, as it is still quite active in securing a large rise reward for current purchasers. Furthermore, this is a good moment to buy, to obtain BCH in your wallet, and then sit back and wait for a pump.
**The major items in the BCH Universe are SmartBCH, Metamask, and its bright future.**
@SubhanSJ
