Historical Data

ColossusXT Q2 2020 AMA Ends!

Thank you for being a part of the ColossusXT Q2 2020 AMA! Below we will summarize the questions and answers. The team responded to 46 questions! If your question was not included, it may have been answered in a previous question or AMA. The ColossusXT team will do a Reddit AMA at the end of every quarter.
The winner of the AMA contest is: ookhimself
Congratulations. I will send you a DM on Reddit.
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Q: Why does your blockchain exist and what makes it unique?
A: ColossusXT exists to provide an energy-efficient method of supercomputing. ColossusXT is unique in many ways. Some coins have 1 layer of privacy. ColossusXT and the Colossus Grid will utilize 2 layers of privacy through Obfuscation Zerocoin Protocol, and I2P and these will protect users of the Colossus Grid as they utilize the grid resources. There are also Masternodes and Proof of Stake which both can contribute to reducing 51% attacks, along with instant transactions and zero-fee transactions. This protection is paramount as ColossusXT evolves into the Colossus Grid. Grid Computing will have a pivotal role throughout the world, and what this means is that users will begin to experience the Internet as a seamless computational universe. Software applications, databases, sensors, video, and audio streams-all will be reborn as services that live in cyberspace, assembling, and reassembling themselves on the fly to meet the tasks at hand. Once plugged into the grid, a desktop machine will draw computational horsepower from all the other computers on the grid.
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Q: What is the Colossus Grid?
A: ColossusXT is an anonymous blockchain through obfuscation, along with utilization of I2P (Armis). These features will protect end-user privacy as ColossusXT evolves into the Colossus Grid. The Colossus Grid will connect devices in a peer-to-peer network enabling users and applications to rent the cycles and storage of other users’ machines. This marketplace of computing power and storage will exclusively run on COLX currency. These resources will be used to complete tasks requiring any amount of computation time and capacity, or allow end-users to store data anonymously across the COLX decentralized network. Today, such resources are supplied by entities such as centralized cloud providers which are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Any user ranging from a single PC owner to a large data center can share resources through Colossus Grid and get paid in COLX for their contributions. Renters of computing power or storage space, on the other hand, may do so at low prices compared to the usual market prices because they are only using resources that already exist.
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Q: Is there any estimated date for the grid? What will set you apart from the opposition?
A: We are hoping to have something released for the community in Q4 this year. The difference between other competitors is that ColossusXT is putting consumer privacy first and we’re actively in the process of working with federal and state agencies in the United States.
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Q: How do you plan to get people to implement the technology? At your current rate of development, when do you foresee a minimum viable product being available?
A: We have been strategically networking with businesses, and we are currently undergoing the verification process in the United States to make bids on federal and state projects. We are working on an MVP and our goal is to have at least a portion of the Colossus Grid ready by Q4 2020.
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Q: When we can expect any use-case for COLX? A company or service that uses COLX for its activities/tasks.
A: We’re aiming for Q4 of this year to have an MVP, throughout 2021 we will be strategically making bids on federal and state contracts in the United States with a goal to expand operations exponentially.
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Q: Are there any plans to be listed on the more prominent exchanges e.g binance, kraken?
A: Yes, we have applied to some of these exchanges that are considered Tier 1 or Tier 2 exchanges. Many of them upfront will tell you there are no fees associated with the listing, that is not entirely true most of the time. Regardless, have applied and are awaiting more responses as we move forward. Listing on these exchanges often requires that we cannot announce this information until ColossusXT is live on its platform.
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Q: Partnerships are the norm these days in crypto world. Which partnership would you consider feasible, if any, in order to grow the Colossus Grid project?
A: The Colossus Grid is a huge undertaking both in development and business partnerships. We are moving in both these directions strategically. One of the most important partnerships is not really a partnership but approval to bid on state and federal contracts. Working with the governments around the world will be a big part of the Colossus Grid use-case.
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Q: If the ability to annonymise coins is turned off, can CLX still be marketed as a privacy coin? Do we have a date we can start using this feature again?
A: Yes and No. It’s frustrating right now having a lack of privacy for consumers as we don’t see privacy as a feature but a right. EVERY platform online should have some levels of privacy for their consumers, especially as technology continues to evolve and bad actors continue to use your personal information for their own nefarious purposes. Obfuscation will be implemented in the coming weeks, and Armis will follow suit shortly thereafter.
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Q: When can we expect the grid to come out?
A: We are looking at releasing an MVP towards the end of the year. Stay tuned during Q3 and Q4 as we ramp on technical and business developments.
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Q: Can you tell the current budget for development work?
A: Much of the development work budget comes from Core team member's disposable income, we also use the self-funding treasury that Masternode owners vote on each month.
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Q: Will cold staking be implemented somedays? I like the model of Cardano. Hope you will implement kind of Cardano staking in our wallet. I would love the easiness.
A: ColossusXT staking has been enabled since 2017. We have calculators on the website that will estimate your average staking returns and you can join numerous pools to increase your staking power within the pools. Cold staking is on our radar and will make it into the roadmap when our budget allows us.
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Q: Which part of grid technology are you planning first to go live? Storage/RAM/CPU/GPU/all at once? Separately?
A: We will be rolling the Colossus Grid out in two phases. The first phase will be storage, and then we will roll out computing power (RAM/CPU/GPU).
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Q: Is Armis I2P technology in development testphase I mean, I have read something like that… If Armis goes live, will there be some kind of option in deskopt wallet to transfer anonymous or will every transaction be fully anonymous like e.g. monero?
A: We recently had a testing phase with the community earlier this year, there will be another test phase with community participants who sign up. If you’re interested in this stay tuned on our socials and apply when the next testing phase happens All transactions will be fully anonymous behind Armis.
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Q: What programming languate is being used for developing COLX? How well this programming language do you think is more suitable for developing crypto, in comparison with other programing languages?
A: C++ is what we’re using at ColossusXT. Each crypto project is different but with what we're developing at ColossusXT. We are best suited to utilize C++.
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Q: What is the second biggest milestone other than launching the grid network for the team. What do you think of your competition like Golem network?
A: Armis will be a big milestone, and I don’t think we go back to our Polis partnership which allows users in Europe and Mexico (they do plan to expand to the US and other countries) the ability to spend their ColossusXT (COLX) wherever Mastercard is accepted. I don’t think the Golem network is taking consumer privacy far enough, in the blockchain industry I also see a lack of drive to push adoption within the United States. This is likely due to unclear regulations right now. ColossusXT is at the forefront of these issues and we intend to lead blockchain through these somewhat murky waters.
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Q: I don’t have a lot of knowledge about crypto-technology… but are there any risks of sensitive data-hijacks through Colx infrastructure? Will the Colx-grid be available for individuals or only larger corporations, and how would one get access to the computing power?
A: There are always risks with technology. We are doing extensive testing and more testing prior to releasing anything. Consumer privacy is apart of the foundation of what we’re building at ColossusXT and we want to ensure any and all of your personal information is secure and private. As technology evolves, we will be right here evolving with it to ensure that consumer privacy protections are always in place.
The Colossus Grid will be available to anyone with a computer. You will access it through the desktop wallet.
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Q: Do you have any new exchange listings planned in the near future?
A: Yes, but unfortunately with these things, every day it’s not something we can often say before the exchange makes their own announcements. If you have certain exchanges that you prefer, do not be shy and tag us on Twitter letting us and the exchange know. You can also reach us everyday at all hours of the day and night on Discord and Telegram.
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Q: Given that Colx had no ICO, are we able to ramp development efforts in case we have potential partnership deal on the table?
A: It really depends. We strategically spend every dime we spend on development. We do not like even a single penny to be waisted, so we don’t move as fast as the projects that raised millions of dollars, but we continue moving none the less. Ramping up our development is something we are working on by securing additional funding and we’re currently working on securing funding. 😊
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Q: How is the project development advancing? What are your plans for the next 5 years and what more can we expect from ColossusXT?
A: Our development is continuing on at a steady pace, we’re looking to ramp this up over the next year as the Colossus Grid will take much of our time but we’re excited. Over the next 5 years, you can expect the Colossus Grid to be live in all forms (storage and computing power), Armis will be released and we will share many technical details on how this consumer privacy protection rivals some of the other privacy protections in the blockchain industry. We expect to be verified and approved to work with the agencies in the United States long before then as well and will be aggressively pursuing federal contracts to utilize the computing power of the Colossus Grid. In 5 years, we plan to be a key player not just in the blockchain industry, but throughout the world. If you do not know ColossusXT now, expect to in 5 years or less.
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Q: Users often care less about technology, but rather the value of the token. How do you manage to strike a balance between developing the technology and also improving the value of COLX? There are so many privacy coins now, all of them claiming to have better features that ColossusXT. Moving forward, what do the next 10 years look like for ColossusXT in navigating the wave of privacy projects coming. How can ColossusXT continue to shine in the midst of seemingly legit projects that have come to challenge ColossusXT like mimblewimble projects and Monero, Zcoin, ect.?

A: The Colossus Grid and Masternodes will have a strong relationship with each other. When the Colossus Grid goes live we expect the masternode demand to continue to rise. Masternodes are a great incentive mechanism to increase network strength and will play an important role within the Colossus Grid. The more masternodes online, the less available coins in the circulating supply; which we expect will eventually reflect ColossusXT (COLX) coin value.
Over the next 10 years, ColossusXT (COLX) will solidify itself as a key player in the blockchain industry, and outside the blockchain industry. Following our strategic business plans, we intend to be one of the first, if not the first to truly bring government and other businesses into the blockchain industry through the Colossus Grid. Armis will be our defining privacy feature, which we expect in time will begin to be adopted by other projects. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: How have the number of Masternodes (MNs) increased/decreased over time/in the past few years? What proportion (%) of MNs actively take part in Governance? How do you see the number of MNs increasing/decreasing in the next couple of years? Is there a trend upwards or downwards?
Is there a specific number (or range) of MNs the team would like to attain ideally? Is it better to have as many MNs as possible or is there a point at which too many MNs start to have an adverse effect on the performance of the blockchain?
Hope this wasn’t too many questions in one :), Ahmed

A: The number of masternodes in the active network is more or less the same, fluctuating around 200-220. About 40% - 50% of masternodes participate actively in governance (see https://governance.colossusxt.io). We expect a number of masternodes to grow as they will have additional benefits with Colossus Grid (see business plan: http://bit.ly/COLXBPLive).
As the team had no premines, only the dev fund can be used for masternodes which is hard to maintain due to actual budget flow. It’s better to have as many masternodes as possible for the network, there is no adverse effect.
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Q: Of all the milestones that $COLX has achieved since your humble beginnings, which do you consider to be the best of it all? What achievements do you feel proud most?
A: It’s often not mentioned but I’m very proud of our partnership with PolisPay, which allows ColossusXT community members to purchase Amazon, Spotify, and other gift cards with ColossusXT (COLX) through the Polis platform. You are also able to spend your COLX anywhere Mastercard is accepted, the card is available only for EU citizens right now and the Polis team hopes to bring in other countries in the future.
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Q: There are problems that can slow down the course of a project such as the emergence of globalization, given the tighter budget, shorter implementation time requirements. My question is, How does $COLX resolve the issue?

A: Given the current situations around the world the Colossus Grid has more value than it ever has, and that value will continue to grow once we have released the Colossus Grid for consumers to share and utilize resources. You can already see from the [email protected] initiative that people are eager to share their computing resources to help researchers simulate different COVID19 simulations. We’ve always worked on a very small budget at ColossusXT starting with 0$ in funding and no pre-mine or ICO/IEO. This project was built for the community by the community, and as of lately we’ve actually been ramping up our business strategies and developments. Since we have all already worked remotely before the COVID19 pandemic, it interestingly allowed us more time to focus and achieve these goals as our day jobs allowed us to spend more time on ColossusXT.
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Q: How will you fight with regulators who are trying to stop privacy coins?

A: We have an amazing legal team at ColossusXT, and they are on top of any new law or regulation that comes out. We’re not afraid of regulators and our legal team makes sure that everything we do for ColossusXT is law-abiding. It's time the world stops looking at privacy as a feature and as a right, especially when you read about different applications and platforms using your personal DATA for their benefit. ColossusXT will continue to push this, and we're prepared to lobby this to lawmakers. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: What type of utilities can $COLX give to users over its competitors like GOLM (computation) or STORJ (Data)?

A: The Colossus Grid has some major differences between Golem and Storj. One we’re a privacy-focused project. If you take a look at many of these applications and platforms today, in some way or another you’re giving up personal information, and/or geographic information. ColossusXT is focused on protecting consumer information, we do not look at privacy as a feature, we see privacy as a right, especially in the tech world today.
The second part of this question is that we’re currently in the verification process of registering with the United States federal and state governments so that we can legally bid on federal and state projects and work with different agencies. This will ensure that as the community members are sharing their idle resources, large corporations and businesses are using it. I’m not aware of the mentioned projects being registered in the United States or taking steps to work with the United States government.
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Q: How will computing power and storage sharing look like, for an average user (marketplace, program download)? What are you currently working on, when can we expect MVP? TY
A: The marketplace and Colossus Grid will be inside the ColossusXT desktop wallet that you currently have now. The UI/UX will change some to allow the additional settings and tabs that will become available and we’re preparing an MVP right now and we hope to share those details with you over the next few months, ask us again in the Q3 AMA if you haven’t seen anything yet :)
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Q: What would you say is the $COLX killer feature that sets it apart from the rest of the competition.
A: We believe that Armis is our killer feature. We recently had a beta this year with the community and will be moving forward later this year with Armis. ColossusXT consumers will have their geographic location and IP fully hidden behind the Armis layer for further security and anonymity for the transactions which will also take place in the Colossus Grid resource marketplace in the future.
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Q: I have been a silent follower of $COLX and I must say that I'm truly impressed with how the team has been diligently working on the project. It'd be nice to have the community be part of something like a bounty or a social awareness contest. As this will not only attract more users to the platform but would also strengthen the bond within the community. When can we possibly expect a community project of this level? #spreadthegrid
A: We currently have a Gleam competition ongoing for social awareness, and we just hired a community manager to spread more community awareness and will be rolling on competitions more regularly. Every quarter we have an AMA on Reddit for the community to ask questions, or just gripe at us, and one person each quarter is awarded 100,000 COLX for participating in the AMA. As we deliver our targets and grow, we will shift more funds from development funds to marketing funds to raise further awareness.
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Q: "Our main competitor is crypto adoption. We are all here to make it happen together.", this is quoted from a founder of a known crypto wallet. Do you see competition as something that strengthens the project as a whole or as a possible distraction due to pressure to be at the top of the crypto ecosystem?

A: This is a two scenario situation. Competition is good for ColossusXT, and we look at our main competitor in blockchain as Golem (GNT), having said that though too much competition or sometimes maximalist behavior isn’t good for crypto, many of these projects should be coming together to lobby lawmakers for laws and regulations that are good for the blockchain industry, as this is still an emerging market and the laws and regulations aren’t exactly in place at this time.
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Q: "For people to believe in crypto, they need to understand the tangible benefits it offers to our society.", a remark made by a crypto project in the past. What exactly would be $COLX real life global benefits? And how do you plan on achieving this?
A: ColossusXT vision will be achievable when the Colossus Grid is released. We are currently in the process of registering with state and federal agencies in the United States, once we are registered to work with these agencies we will pursue contracts with the government, cybersecurity firms and colleges all around the United States, and the world to utilize the resources on the Colossus Grid. We’ve already started building business relationships for this very purpose.
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Q: According to you how much time will it take for $COLX to get into mainstream adoption and execute all the plans set for this project?
A: It’s almost impossible to set a timeline on when the world/people will begin to adopt ColossusXT (COLX) and the Colossus Grid. We don’t believe that adoption for ColossusXT will happen before the Colossus Grid is live, and if I gave you an exact timeline for when or how long it will take you for the Colossus Grid to be adopted I would be lying to you, but we are already forming business relationships and making strategic moves to be able to bid, and work with state and federal agencies in the United States.
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Q: Does Tokens.net plan any kind of staking ($COLX or other coins)?
A: We will reach out to the tokens.net team and see if they have any plans to allow staking.
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Q: How will you try to boost adoption of #COLX, how do you think you will motivate programmers to join opensource project?
A: The Colossus Grid will be available for anyone to use, or share their idle resources for other consumers to use. We will be focusing on providing these resources to state and federal governments, cybersecurity firms, and researchers all across the world. Certainly, we expect some community members to use these resources to mine different PoW cryptocurrencies, but the team at ColossusXT will be focused on bringing in large colleges and universities as well as big cybersecurity businesses that may need supercomputing power at 1/10th of the current prices. Our programmers are our only paid team members, and we pay them at a competitive rate. We’re looking to bring in some more programmers later this year.
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Q: Do you have any special development funds for programmers?
A: Sometimes we pay our programmers out of our own pocket, sometimes we pay them in ColossusXT. It really depends on what kind of agreements have been made. We have been aggressively pursuing different funding opportunities throughout 2020 so that we can expand our development team and in the future, we may have incentives to drive programmers into joining our team. Right now we just stick to a competitive pay scale within the industry.
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Q: Why Android Wallet Revision hasn't been done? Any problems?
A: The Android wallet revision took some time to be approved in the Google Playstore, but it has been released and live since June 15, 2020.
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Q: Whats the second biggest milestone other than the grid network for COLX team?
A: Armis is likely to be considered our second biggest milestone this year, although as I mentioned above this can easily be overshadowed by our Polis partnership which allows you to spend ColossusXT (COLX) anywhere Mastercard is accepted. Although the epay debit card ownership is currently restricted to certain countries (EU zone only), these restrictions will lift in time.
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Q: How is COLX team going to contribute to crypto adoption, other than building a robust network?
A: We’re already in the process of verification to work with state and federal agencies. Adoption for blockchain projects isn’t going to move fast. I read a report just a few days ago about how scammers in the crypto industry stole over 2 million dollars worth of crypto just from the “Elon Musk” impersonations on Twitter.
We will continue to build our network, and seek out state and federal agencies as well as private cybersecurity firms that can utilize the Colossus Grid, we’re not just focused on making noise on social media, we intend to make noise throughout the entire world.
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Q: Are their industry partners to COLX that are awaiting your network to go live?
A: Yes, although I hesitate to go into too much detail here. We are talking with business leaders.
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Q: The ongoing crisis affected the market badly, making many projects far from their targets. What is $COLX strategy in order to survive and pass through this crisis?
A: I agree it affected the market badly, especially the projects that raised hundreds of millions of dollars in crypto and held it through the entire market correction. ColossusXT strategy is different from those affected, we’ve always had a smaller budget than these large projects. We spend the money we have available very wisely, and we’re not in a hurry to grab something that sounds good without doing our due diligence. We make our moves very strategically.
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Q: I gotta ask, what made $COLX decide to get listed on Tokens.net? What beneficial advantage does $COLX get in doing so? How about Tokens.net?
A: Tokens.Net is one of the best exchanges ColossusXT is listed at the moment in comparison to others in terms of volume.
  1. Tokens.net is one of the most secure and transparent exchanges out there, registered in the UK.
  2. The team behind the exchange has deep roots in the crypto/blockchain space, it was co-founded by Damian Merlak, a crypto-pioneer and co-founder of Bitstamp.
  3. Tokens.net provides free auto-trading tool / Market Making Bot. Their Dynamic Trading Rights concept adds transparency to trading volumes.
  4. They allow the community voting option of only truly decentralized projects after a thorough screening.
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Q: Hey everyone! What is the main purpose of the coin $COLX, does it have its own chain or is it some sort of an ERC-20 token? Thank you for the answers.
A: ColossusXT has never been an ERC-20 coin. We have been operating on our own mainnet since 2017. The purpose of ColossusXT (COLX) is to be the native currency of the Colossus Grid. This will allow users to share their idle resources on their computers, and consumers will rent/buy those resources to complete whatever they intend to use them for, from processing large DATA to running scientific simulations, to even mining PoW cryptocurrencies.
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Q: When we can expect any usecase for COLX? A company or service that uses colx for its activities / tasks.
A: There are currently use cases now if your location allows you to utilize the Polis Pay app, or if you have a Polis Pay card you can buy things with ColossusXT (COLX). I myself have tested the card buying gas at a gas station. These are not ColossusXT’s primary focus though and much of our use case will not start until the Colossus Grid is live.
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Q: What pairs will colx have to trade with on tokens.net // Will you connect #COLX with USDT EURS or BTC?
A: ColossusXT will be initially paired with Bitcoin (BTC). If the community would like different pairs, they can certainly request them and we will reach out to tokens.net and work to facilitate requests.
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Q: Will you try to convince users to trade on tokens.net if so how will you do it?
A: There is currently a gleam competition for users to sign up and trade on tokens.net. We “shill” tokens.net accordingly through social media to the ColossusXT community, but can’t really convince anyone to use a certain exchange, although we will try to push as many members to tokens.net as we can. We have many masternode holders who reside in the United States and they are not yet allowed to trade on tokens.net.
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Q: How will you try to create liquidity for your pairs?
A: We would like to increase the adoption rate with real-world partnerships such as our partnership with PolisPay for the use of gift/debit cards. As the liquidity is linked with the use cases, supply/demand mechanics, we are also preparing to provide additional use cases of COLX for the crypto world in an innovative & pioneering way; for the time being, we can hint this as a side business till we deliver fully operational Colossus Grid.
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Q: How big is a development team of #COLX?
A: The ColossusXT team is probably bigger than some people realize, partly because many of the team members are very private. We have 9 core members, 2 in-house developers, 3 Colossus Grid architects, and 2 Colossus Grid developers.
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Q: Do you have some security guys in the team?
A: Yes, although I’m hesitant to share too many personal details about team members. We have core team members who have been working in different fields of IT security for several years.
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Q: Since #COLX is planning on having some sort of a marketplace where you can take advantage of computing resources and the blockchain as well, are there any plans on introducing smart contracts? Will it help the grid? Is there a place for it?
A: This has been mentioned a few times in the past so it’s something on our radar, it’s currently not in the development timeline as the Colossus Grid is a massive amount of work. There may be a place for it as the blockchain industry evolves, and I can certainly see some cases where a smart contract can add some value to the Colossus Grid.
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Important Information:
Website
Whitepaper
Roadmap
Business Plan
Wiki
Governance
Partners
GitHub
What is ColossusXT? (YouTube)
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Follow ColossusXT on:
Twitter
Facebook
Telegram
Discord
Forums
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AMA History:
2018 Q1 2018 Q2 2018 Q3 2018 Q4
2019 Q1 2019 Q2 2019 Q3 2019 Q4
2020 Q1
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Tark - the outstanding representative of the decentralized cryptographic asset payment system


In recent years, with the rise of the blockchain industry, the development of payment systems has been driven, but as the most critical infrastructure of cryptographic asset payment systems, security has never been fundamentally solved.
On May 8, 2019, the official announcement of Binance said that on September 7, 2019, 17:15:24 (UTC) "large-scale security vulnerabilities" were discovered in the system. The hacker used a composite technology to exploit the vulnerability to steal 7,000 bitcoins from the Binance payment system at block height 575012. This theft incident has deepened the trust crisis in the entire blockchain industry.
What kind of payment system is really safe?
Cryptographic asset payment systems are essentially tools for storing private keys. The security of private keys is critical. To maximize security, Tark's technical team builds Tark payment systems based on Blockchain 4.0 technology. Unlike the past blockchains 1.0, 2.0, and 3.0, Tark payment system has made a qualitative leap in terms of security performance, transaction speed, consensus extreme, cross-chain transmission, and ecological applications. The private key of the Tark payment system is owned by the user. The assets are stored in the blockchain,is isolatedly stored locally, the private information will never touch the network, and the payment system private key is kept by the user. The assets are completely in their hands. Don't worry about the centralized attack by hackers, or worry about the inside job of the payment system service provider.
Two super features of Tark payment system
  1. Security: Tark payment system is the world's first dual-form cold payment system security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’ token asset and escorts the user's token assets!
2, Anonymity: In the general centralized trading system, the center of trust provides privacy protection. All user information and transaction information are stored in the central database, and ordinary people cannot easily obtain the customer's information. Only the trust center holds the information of everyone. Based on blockchain 4.0 technology, Tark's payment system is a truly decentralized product whose nature determines that no one can easily access the user's information.
Six advantages of Tark payment system:
  1. Multi-currency: Manage all high-quality currencies in the world, support all ERC20-TOKEN, cross-chain support BTC, LTC, ETH, EOS, ETC, XEM, BTG, IPC, GOD, BCH, DASH, DOGE, QTUM, ERC20, all types of tokens that are circulating worldwide, such as BCD, SBTC, BCX, XRP, FTCT, KMCC, and CVT.
2, Second speed: Tark is based on blockchain 4.0 atomic cross-exchange technology and cross-chain lightning trading, the atomic exchange is carried out on the lightning channel, and the infinite high-speed transaction between any block chains is realized to realize the nearly infinite transaction speed.
3, Multi-account system: Blockchain 4.0 technology gives users the right to truly master their digital assets and personal data, with the help of cryptographic public and private key payment system accounts, to become the user's unique digital identity. Tark payment system creates multiple accounts with one identity, eliminating the need for multiple tools to manage multiple private keys for users, and one identity can manage different passport assets.
4, Offline signature: avoid private key networking, reduce the risk of theft. Each transaction involves the issue of signature confirmation. The Tark payment system user holds the private key, and the transaction is not connected to the private key. The transaction is more secure.
5, Multiple verifications: fingerprint, face recognition and other verification methods.
  1. Open third-party ecosystem: Support third-party applications, such as games, videos, mall shopping, live broadcasts, etc.
Tark payment system is a typical application example of blockchain 4.0 technology, and is also an outstanding representative of decentralized cryptographic asset payment system. In the future, we hope that Tark can help more cryptographic asset enthusiasts, businesses and enterprises solve their security crisis and make billions of people around the world really feel the convenience of the Tark payment system.
Download link of Tark payment system: http://www.tarkwallet.com/download/down.html
submitted by gswt to u/gswt [link] [comments]

TomoChain - Binance AMA Recap - In case you missed it!

TomoChain - Binance AMA Recap - In case you missed it!
TomoChain’s AMA with Binance was recently held on Oct. 19th, 2019 with CEO Long Vuong sharing all the latest updates about TomoChain’s products and potential future projects.

https://preview.redd.it/yz3h0tqgc2u31.jpg?width=1600&format=pjpg&auto=webp&s=1a888e829057030e17ea4cb67828afb2455c6811
*** Below is a brief recap of what happened during the AMA ***
Segment 1: Richie from Binance asked Long Vuong 5 questions.
Richie: Among different blockchains and cryptocurrency projects, what are some key features that set TomoChain aside? What does TomoChain have that other projects don’t?
Long: Some key features which set TomooChain aside include:
  • PoSV consensus: TomoChain uses an innovative consensus method called POSv (Proof of Stake Voting) which gives an incentive to all TomoChain token-holders to play an active part in staking across a network of 150 high-quality masternodes, and to monitor their performance and governance actively. Our staking-governance Dapp, TomoMaster, is recognized as one of the leading staking platforms in the industry. With our PoSV consensus protocol, TomoChain provides:
/ At least 2k TPS while still enhancing security through Double Validation.
/ 2-second block-time and transaction confirmed within almost 4-second.
/ Significantly improvement of user experiences and adoption of blockchain.
  • Double Validation and Randomization: Strengthens Tomochain’s security, reduces fork and nothing-at-stake attacks, and makes TomoChain unique among other Proof-of-Stake-based blockchains.
  • EVM compatible: Every Ethereum smart contract can be effectively run with almost instant transaction confirmation. Porting time:
/ From Ethereum to TomoChain.
/ 2From Tron to TomoChain: 8h.
  • Rich set of our own products: that enable a variety of platforms for end-users to interact seamlessly with blockchain technology, including TomoWallet, TomoMaster, TomoScan, TomoZ, TomoX.
/ TomoZ — Zero Friction Protocol — the first on-chain protocol that offers the ability for any user to pay transaction fees with the same token the user is holding.
/ TomoX — a secure and efficient relayer-masternode decentralized cryptocurrency exchange protocol that empowers a diverse system of relayers, MM providers, and independent projects to work together.
  • Privacy: Lastly, token privacy on TomoChain will be forth-coming in 2020, and the details for implementation will be revealed in due course.
Richie: Since mainnet’s launch 10 months ago, what are some key achievements for TomoChain? And does TomoChain has any plans to keep up with this productivity in the future?
Long: Since our mainnet launch, TomoChain has continuously built our ecosystem strong and stable, resulting in:
  • Being a stable chain running that can handle 2000 tx/s.
  • 50% TOMO staked in the smart-contract for the masternode governance system.
  • 16 active dapps build on top of TomoChain and almost 6000 monthly active users, with a variety of new games and dapps being created.
  • TomoZ’s mainnet launch, a protocol that allows users to pay transaction fees with their own native token without having to hold TOMO, as well as to help users create their own token in 2 minutes. After the launch, a number of token with TRC21 standards has been made through TomoIssuer.
Richie: Which area does TomoChain focus on at the moment? (DeFi, Dapps,..) and which products/projects are you developing to support it?
Long: TomoChain aims to build a safe and credible DeFi system that everyone can benefit from globally, with our recent launch of TomoZ — fees by any token protocol, our decentralized exchange protocol TomoX coming in a couple of weeks, and many more projects in plan for the future.
TomoChain opens up a wide playground for developers to creatively build their own dapps and games. We have an enthusiastic high-tech team that can support you with problems you may have while creating your product. TomoChain’s most recent Dappathon Competition just ended, with 9 final contestants who’ve brought a whole new gaming experience for our community. Thus, many new games are coming up on our platform, encouraging even more developers and game lovers to join. So keep an eye out to try out some of our new games!
Richie: TomoChain has launched TomoZ’s mainnet in August. Can you elaborate on the product and comment on the amount of interest with individuals/businesses you’re seeing in this product?
Long: TomoZ — Zero Friction Protocol — provides inroads to mainstream users who find crypto to be unnecessarily complex. It is the first on-chain protocol that offers the ability for any user to pay transaction fees with the same token that the user is holding.
TomoZ removes the friction of having to hold native blockchain coins/tokens to send to other wallets or to interact with dapps. Users/customers of all businesses using our solution will have a smooth experience without even knowing that they are using the blockchain and cryptocurrency technology.
Tokens issued with the TomoZ protocol follow a new standard called TRC-21 (TRC is the abbreviation of TomoChain Request for Comments). Everyone can create a TRC-21 token on TomoChain in a few clicks using TomoIssuer — a user-friendly token issuance dashboard. No need to spend thousands of USD hiring blockchain developers.
For DeFi apps, TomoZ can be tailored for issuing stablecoins. Digital wallets and payment systems can be set up via TomoZ protocol very fast and cost-effectively.
Richie: The testnet of your flagship product — TomoX — the DEX protocol is to be rolled out soon. What sets TomoX apart from other DEX protocols?
Long: TomoX Testnet is to be launched in a couple of weeks. TomoX Protocol is our relayer-masternode decentralized cryptocurrency exchange protocol. Compared to the current state of the art DEX architecture, TomoX Protocol has quite a lot of advantages, which have been described in detail in our paper (http://bit.ly/33EgSl7), the most notable are as follows:
  1. Performance: TomoX Protocol is integrated into the core TomoChain blockchain consensus layer, which can potentially handle many thousands of transactions per second. Furthermore, with the Relayer-Masternode architecture, the heavy computational load of the matching engine in masternodes can be substantially moved to Relayers’ local matching engine. Performance of the TomoX Protocol can therefore potentially be an improvement when compared to most of the existing DEXs.
  2. Liquidity: This is a chicken and egg problem. Traders do not join most of the existing DEXs because there are not enough orders on these DEXs to match. With the Relayer-Masternode architecture, each relayer can focus on understanding their relevant markets and trading pairs — thus the potential for better and targeted marketing strategies to attract more traders to participate in the ecosystem.
  3. Full decentralization: Most of the existing DEXs are semi-decentralized. TomoX Protocol, on the other hand, is fully decentralized because the order book database, matching engine and trade execution mechanism is decentralized to all masternodes. This decentralization power in TomoX can significantly reduce front-running risks that currently appear in some centralized exchanges or semi-decentralized exchanges.
  4. Security: Centralized exchanges can have significant security issues as they centrally manage a large of amount of assets, and traders on centralized exchanges do not have control of their private keys. TomoX and non-custodial exchanges solve this problem because the users have complete control of their assets. In practice, some DEXs require traders to deposit their assets, while TomoX does not impose this requirement, and is completely non-custodial regarding user assets.
  5. Cost: TomoChain provides near-zero transaction fees, which significantly reduces trading fees compared to most existing DEXs.
SEGMENT 2 — Long asks questions to the chat. Each question is linked with a google form, which will be accepting answers in 3 minutes.
Q1: When was TomoChain listed on Binance?
August 24th, 2019.
Q2: Which TOMO trading pairs are available on Binance.com?
TOMO/BNB, TOMO/BTC, TOMO/USDT and TOMO/USDC.
Q3: What is the name of TomoChain’s consensus?
PoSV — Proof of Stake Voting.
Q4: Name TomoChain’s most recent product and its mainnet launching date?
TomoZ — August 20th, 2019.
Q5: The testnet of which TomoChain’s product will soon be launched?
TomoX.
SEGMENT 3 — Chat asked Long questions. 3 Rounds of questions opened up, and Long chose 5 questions from each round the answer. Below are some of the highlighted questions Long gave answers to:
Q1: Vietnam has very few successful projects, what is the problem? Does TomoChain have any plans to support other projects in Vietnam and contribute to building a stronger Vietnamese community?
Long: I consider TOMO and TomoChain being in a very good term right now, given that we have a strong and decentralized community of Masternodes and stakers securing the chain 24/24 every single day. Furthermore, good things take time to happen, even Bitcoin took a few years to create strong values. Comparatively, TomoChain would need more time to develop and mature, expanding our reputation and values to the world.
Q2: If Ethereum figures out their scaling issues, then projects like Tomo will not be able to compete. How will you respond to it?
Long: That’s no issue actually. There are other dimensions to compare that TomoChain still proves to have advantage on, such as blocktime. TomoChain has a 2 second blocktime while Ethereum’s is about 15s, which makes TomoChain more suitable for gaming and other activities that need fast interaction. Also, target audience and the community usage of the network can be very different too.
Q3: Among some technology key points such as: Sidechain, Privacy, Shardchain, how far are Tomochain going in each aspects at the moment? What are your main focus in terms of technology at the moment?
Long: Side-chain technology is doable (can be designed and built) but we focus on the mainchain at the moment. Sharding has some serious drawbacks as inter shard communication can break smart-contract composability and this is a very serious issue. The next major research area we are working on is privacy.
Q4: TomoChain has so many outstanding features in the form of TOMO WALLET, TOMO MASTER, TOMO SCAN, etc. to name a few. But, do you have real users and partners that use your services and what marketing strategies do you have to draw new users as without marketing no matter how good the product is nobody cares?
AIS-X generated its AIS token with the TRC21 standard on TomoChain. Can you elaborate more on this and its purpose?
Is the number 150 high-quality masternodes fixed or dynamic?
Long: We do have a variety of real users using our products on a daily basis. For example: TomoWallet has around 1000 daily active users, which mean around 1000 people open the app and do something every single day. The number has actually been quite stable for the last few months. Moreover, I feel that the crypto space is still very small, so TomoChain and other crypto and blockchain projects are trying our best to push the number of users. Of course the more the merrier. So my invitation to all of you to download the app and spend sometimes with TomoChain community :)
Q5: Ethereum developers seem to be loyal (or stubborn if you prefer) to Ethereum and might wait for Ethereum to scale because I haven’t seen any major ETH dapp switching to Tomochain (or other blockchain project), so how will Tomochain persuade/attract blockchain developers (solidity developers specifically) to build on Tomochain or migrate their dapps from Eth to Tomo? Assuming that the need for higher TPS in the dapps will trigger this onboarding of developers might not work necessarily and is too passive of a strategy IMO. For example, Thundercore protocol is also EVM compatible & faster (1200 TPS) than Ethereum but solidity developers are not building there either. So what’s Tomochain/Tomoteam strategy in this regard?
Long: I don’t believe in bribing or buying developers (from Ethereum or elsewhere) to build on TomoChain. It is not the way to build an authentic community. We want to build a community with real interests and determination to help grow TomoChain ecosystem. Thus, till now, we fortunately have been working with some awesome teams such as TomoSwap, PigFarm etc. Our goal is to continue to build reliable products, and increase users experience when it comes to blockchain in general, and join TomoChain specifically.
submitted by alexngn201 to Tomochain [link] [comments]

Tark - the outstanding representative of the decentralized cryptographic asset payment system


In recent years, with the rise of the blockchain industry, the development of payment systems has been driven, but as the most critical infrastructure of cryptographic asset payment systems, security has never been fundamentally solved.
On May 8, 2019, the official announcement of Binance said that on September 7, 2019, 17:15:24 (UTC) "large-scale security vulnerabilities" were discovered in the system. The hacker used a composite technology to exploit the vulnerability to steal 7,000 bitcoins from the Binance payment system at block height 575012. This theft incident has deepened the trust crisis in the entire blockchain industry.
What kind of payment system is really safe?
Cryptographic asset payment systems are essentially tools for storing private keys. The security of private keys is critical. To maximize security, Tark's technical team builds Tark payment systems based on Blockchain 4.0 technology. Unlike the past blockchains 1.0, 2.0, and 3.0, Tark payment system has made a qualitative leap in terms of security performance, transaction speed, consensus extreme, cross-chain transmission, and ecological applications. The private key of the Tark payment system is owned by the user. The assets are stored in the blockchain,is isolatedly stored locally, the private information will never touch the network, and the payment system private key is kept by the user. The assets are completely in their hands. Don't worry about the centralized attack by hackers, or worry about the inside job of the payment system service provider.
Two super features of Tark payment system
  1. Security: Tark payment system is the world's first dual-form cold payment system security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’ token asset and escorts the user's token assets!
2, Anonymity: In the general centralized trading system, the center of trust provides privacy protection. All user information and transaction information are stored in the central database, and ordinary people cannot easily obtain the customer's information. Only the trust center holds the information of everyone. Based on blockchain 4.0 technology, Tark's payment system is a truly decentralized product whose nature determines that no one can easily access the user's information.
Six advantages of Tark payment system:
  1. Multi-currency: Manage all high-quality currencies in the world, support all ERC20-TOKEN, cross-chain support BTC, LTC, ETH, EOS, ETC, XEM, BTG, IPC, GOD, BCH, DASH, DOGE, QTUM, ERC20, all types of tokens that are circulating worldwide, such as BCD, SBTC, BCX, XRP, FTCT, KMCC, and CVT.
2, Second speed: Tark is based on blockchain 4.0 atomic cross-exchange technology and cross-chain lightning trading, the atomic exchange is carried out on the lightning channel, and the infinite high-speed transaction between any block chains is realized to realize the nearly infinite transaction speed.
3, Multi-account system: Blockchain 4.0 technology gives users the right to truly master their digital assets and personal data, with the help of cryptographic public and private key payment system accounts, to become the user's unique digital identity. Tark payment system creates multiple accounts with one identity, eliminating the need for multiple tools to manage multiple private keys for users, and one identity can manage different passport assets.
4, Offline signature: avoid private key networking, reduce the risk of theft. Each transaction involves the issue of signature confirmation. The Tark payment system user holds the private key, and the transaction is not connected to the private key. The transaction is more secure.
5, Multiple verifications: fingerprint, face recognition and other verification methods.
  1. Open third-party ecosystem: Support third-party applications, such as games, videos, mall shopping, live broadcasts, etc.
Tark payment system is a typical application example of blockchain 4.0 technology, and is also an outstanding representative of decentralized cryptographic asset payment system. In the future, we hope that Tark can help more cryptographic asset enthusiasts, businesses and enterprises solve their security crisis and make billions of people around the world really feel the convenience of the Tark payment system.
Download link of Tark payment system: http://www.tarkwallet.com/download/down.html
submitted by gswt to u/gswt [link] [comments]

Decred Journal — June 2018

Note: You can read this on GitHub, Medium or old Reddit to see the 207 links.

Development

The biggest announcement of the month was the new kind of decentralized exchange proposed by @jy-p of Company 0. The Community Discussions section considers the stakeholders' response.
dcrd: Peer management and connectivity improvements. Some work for improved sighash algo. A new optimization that gives 3-4x faster serving of headers, which is great for SPV. This was another step towards multipeer parallel downloads – check this issue for a clear overview of progress and planned work for next months (and some engineering delight). As usual, codebase cleanup, improvements to error handling, test infrastructure and test coverage.
Decrediton: work towards watching only wallets, lots of bugfixes and visual design improvements. Preliminary work to integrate SPV has begun.
Politeia is live on testnet! Useful links: announcement, introduction, command line voting example, example proposal with some votes, mini-guide how to compose a proposal.
Trezor: Decred appeared in the firmware update and on Trezor website, currently for testnet only. Next steps are mainnet support and integration in wallets. For the progress of Decrediton support you can track this meta issue.
dcrdata: Continued work on Insight API support, see this meta issue for progress overview. It is important for integrations due to its popularity. Ongoing work to add charts. A big database change to improve sorting on the Address page was merged and bumped version to 3.0. Work to visualize agenda voting continues.
Ticket splitting: 11-way ticket split from last month has voted (transaction).
Ethereum support in atomicswap is progressing and welcomes more eyeballs.
decred.org: revamped Press page with dozens of added articles, and a shiny new Roadmap page.
decredinfo.com: a new Decred dashboard by lte13. Reddit announcement here.
Dev activity stats for June: 245 active PRs, 184 master commits, 25,973 added and 13,575 deleted lines spread across 8 repositories. Contributions came from 2 to 10 developers per repository. (chart)

Network

Hashrate: growth continues, the month started at 15 and ended at 44 PH/s with some wild 30% swings on the way. The peak was 53.9 PH/s.
F2Pool was the leader varying between 36% and 59% hashrate, followed by coinmine.pl holding between 18% and 29%. In response to concerns about its hashrate share, F2Pool made a statement that they will consider measures like rising the fees to prevent growing to 51%.
Staking: 30-day average ticket price is 94.7 DCR (+3.4). The price was steadily rising from 90.7 to 95.8 peaking at 98.1. Locked DCR grew from 3.68 to 3.81 million DCR, the highest value was 3.83 million corresponding to 47.87% of supply (+0.7% from previous peak).
Nodes: there are 240 public listening and 115 normal nodes per dcred.eu. Version distribution: 57% on v1.2.0 (+12%), 25% on v1.1.2 (-13%), 14% on v1.1.0 (-1%). Note: the reported count of non-listening nodes has dropped significantly due to data reset at decred.eu. It will take some time before the crawler collects more data. On top of that, there is no way to exactly count non-listening nodes. To illustrate, an alternative data source, charts.dcr.farm showed 690 reachable nodes on Jul 1.
Extraordinary event: 247361 and 247362 were two nearly full blocks. Normally blocks are 10-20 KiB, but these blocks were 374 KiB (max is 384 KiB).

ASICs

Update from Obelisk: shipping is expected in first half of July and there is non-zero chance to meet hashrate target.
Another Chinese ASIC spotted on the web: Flying Fish D18 with 340 GH/s at 180 W costing 2,200 CNY (~340 USD). (asicok.comtranslated, also on asicminervalue)
dcrASIC team posted a farewell letter. Despite having an awesome 16 nm chip design, they decided to stop the project citing the saturated mining ecosystem and low profitability for their potential customers.

Integrations

bepool.org is a new mining pool spotted on dcred.eu.
Exchange integrations:
Two OTC trading desks are now shown on decred.org exchanges page.
BitPro payment gateway added Decred and posted on Reddit. Notably, it is fully functional without javascript or cookies and does not ask for name or email, among other features.
Guarda Wallet integrated Decred. Currently only in their web wallet, but more may come in future. Notable feature is "DCR purchase with a bank card". See more details in their post or ask their representative on Reddit. Important: do your best to understand the security model before using any wallet software.

Adoption

Merchants:
BlueYard Capital announced investment in Decred and the intent to be long term supporters and to actively participate in the network's governance. In an overview post they stressed core values of the project:
There are a few other remarkable characteristics that are a testament to the DNA of the team behind Decred: there was no sale of DCR to investors, no venture funding, and no payment to exchanges to be listed – underscoring that the Decred team and contributors are all about doing the right thing for long term (as manifested in their constitution for the project).
The most encouraging thing we can see is both the quality and quantity of high calibre developers flocking to the project, in addition to a vibrant community attaching their identity to the project.
The company will be hosting an event in Berlin, see Events below.
Arbitrade is now mining Decred.

Events

Attended:
Upcoming:

Media

stakey.club: a new website by @mm:
Hey guys! I'd like to share with you my latest adventure: Stakey Club, hosted at stakey.club, is a website dedicated to Decred. I posted a few articles in Brazilian Portuguese and in English. I also translated to Portuguese some posts from the Decred Blog. I hope you like it! (slack)
@morphymore translated Placeholder's Decred Investment Thesis and Richard Red's write-up on Politeia to Chinese, while @DZ translated Decred Roadmap 2018 to Italian and Russian, and A New Kind of DEX to Italian and Russian.
Second iteration of Chinese ratings released. Compared to the first issue, Decred dropped from 26 to 29 while Bitcoin fell from 13 to 17. We (the authors) restrain ourselves commenting on this one.
Videos:
Audio:
Featured articles:
Articles:

Community Discussions

Community stats: Twitter followers 40,209 (+1,091), Reddit subscribers 8,410 (+243), Slack users 5,830 (+172), GitHub 392 stars and 918 forks of dcrd repository.
An update on our communication systems:
Jake Yocom-Piatt did an AMA on CryptoTechnology, a forum for serious crypto tech discussion. Some topics covered were Decred attack cost and resistance, voting policies, smart contracts, SPV security, DAO and DPoS.
A new kind of DEX was the subject of an extensive discussion in #general, #random, #trading channels as well as Reddit. New channel #thedex was created and attracted more than 100 people.
A frequent and fair question is how the DEX would benefit Decred. @lukebp has put it well:
Projects like these help Decred attract talent. Typically, the people that are the best at what they do aren’t driven solely by money. They want to work on interesting projects that they believe in with other talented individuals. Launching a DEX that has no trading fees, no requirement to buy a 3rd party token (including Decred), and that cuts out all middlemen is a clear demonstration of the ethos that Decred was founded on. It helps us get our name out there and attract the type of people that believe in the same mission that we do. (slack)
Another concern that it will slow down other projects was addressed by @davecgh:
The intent is for an external team to take up the mantle and build it, so it won't have any bearing on the current c0 roadmap. The important thing to keep in mind is that the goal of Decred is to have a bunch of independent teams on working on different things. (slack)
A chat about Decred fork resistance started on Twitter and continued in #trading. Community members continue to discuss the finer points of Decred's hybrid system, bringing new users up to speed and answering their questions. The key takeaway from this chat is that the Decred chain is impossible to advance without votes, and to get around that the forker needs to change the protocol in a way that would make it clearly not Decred.
"Against community governance" article was discussed on Reddit and #governance.
"The Downside of Democracy (and What it Means for Blockchain Governance)" was another article arguing against on-chain governance, discussed here.
Reddit recap: mining rig shops discussion; how centralized is Politeia; controversial debate on photos of models that yielded useful discussion on our marketing approach; analysis of a drop in number of transactions; concerns regarding project bus factor, removing central authorities, advertising and full node count – received detailed responses; an argument by insette for maximizing aggregate tx fees; coordinating network upgrades; a new "Why Decred?" thread; a question about quantum resistance with a detailed answer and a recap of current status of quantum resistant algorithms.
Chats recap: Programmatic Proof-of-Work (ProgPoW) discussion; possible hashrate of Blake-256 miners is at least ~30% higher than SHA-256d; how Decred is not vulnerable to SPV leaf/node attack.

Markets

DCR opened the month at ~$93, reached monthly high of $110, gradually dropped to the low of $58 and closed at $67. In BTC terms it was 0.0125 -> 0.0150 -> 0.0098 -> 0.0105. The downturn coincided with a global decline across the whole crypto market.
In the middle of the month Decred was noticed to be #1 in onchainfx "% down from ATH" chart and on this chart by @CoinzTrader. Towards the end of the month it dropped to #3.

Relevant External

Obelisk announced Launchpad service. The idea is to work with coin developers to design a custom, ASIC-friendly PoW algorithm together with a first batch of ASICs and distribute them among the community.
Equihash-based ZenCash was hit by a double spend attack that led to a loss of $450,000 by the exchange which was targeted.
Almost one year after collecting funds, Tezos announced a surprise identification procedure to claim tokens (non-javascript version).
A hacker broke into Syscoin's GitHub account and implanted malware stealing passwords and private keys into Windows binaries. This is a painful reminder for everybody to verify binaries after download.
Circle announced new asset listing framework for Poloniex. Relevant to recent discussions of exchange listing bribery:
Please note: we will not accept any kind of payment to list an asset.
Bithumb got hacked with a $30 m loss.
Zcash organized Zcon0, an event in Canada that focused on privacy tech and governance. An interesting insight from Keynote Panel on governance: "There is no such thing as on-chain governance".
Microsoft acquired GitHub. There was some debate about whether it is a reason to look into alternative solutions like GitLab right now. It is always a good idea to have a local copy of Decred source code, just in case.
Status update from @sumiflow on correcting DCR supply on various sites:
To begin with, none of the below sites were showing the correct supply or market cap for Decred but we've made some progress. coingecko.com, coinlib.io, cryptocompare.com, livecoinwatch.com, worldcoinindex.com - corrected! cryptoindex.co, onchainfx.com - awaiting fix coinmarketcap.com - refused to fix because devs have coins too? (slack)

About This Issue

This is the third issue of Decred Journal after April and May.
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.
The new public Matrix logs look promising and we hope to transition from Slack links to Matrix links. In the meantime, the way to read Slack links is explained in the previous issue.
As usual, any feedback is appreciated: please comment on Reddit, GitHub or #writers_room. Contributions are welcome too, anything from initial collection to final review to translations.
Credits (Slack names, alphabetical order): bee and Richard-Red. Special thanks to @Haon for bringing May 2018 issue to medium.
submitted by jet_user to decred [link] [comments]

Tark - the outstanding representative of the decentralized cryptographic asset payment system


In recent years, with the rise of the blockchain industry, the development of payment systems has been driven, but as the most critical infrastructure of cryptographic asset payment systems, security has never been fundamentally solved.
On May 8, 2019, the official announcement of Binance said that on September 7, 2019, 17:15:24 (UTC) "large-scale security vulnerabilities" were discovered in the system. The hacker used a composite technology to exploit the vulnerability to steal 7,000 bitcoins from the Binance payment system at block height 575012. This theft incident has deepened the trust crisis in the entire blockchain industry.
What kind of payment system is really safe?
Cryptographic asset payment systems are essentially tools for storing private keys. The security of private keys is critical. To maximize security, Tark's technical team builds Tark payment systems based on Blockchain 4.0 technology. Unlike the past blockchains 1.0, 2.0, and 3.0, Tark payment system has made a qualitative leap in terms of security performance, transaction speed, consensus extreme, cross-chain transmission, and ecological applications. The private key of the Tark payment system is owned by the user. The assets are stored in the blockchain,is isolatedly stored locally, the private information will never touch the network, and the payment system private key is kept by the user. The assets are completely in their hands. Don't worry about the centralized attack by hackers, or worry about the inside job of the payment system service provider.
Two super features of Tark payment system
  1. Security: Tark payment system is the world's first dual-form cold payment system security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’ token asset and escorts the user's token assets!
2, Anonymity: In the general centralized trading system, the center of trust provides privacy protection. All user information and transaction information are stored in the central database, and ordinary people cannot easily obtain the customer's information. Only the trust center holds the information of everyone. Based on blockchain 4.0 technology, Tark's payment system is a truly decentralized product whose nature determines that no one can easily access the user's information.
Six advantages of Tark payment system:
  1. Multi-currency: Manage all high-quality currencies in the world, support all ERC20-TOKEN, cross-chain support BTC, LTC, ETH, EOS, ETC, XEM, BTG, IPC, GOD, BCH, DASH, DOGE, QTUM, ERC20, all types of tokens that are circulating worldwide, such as BCD, SBTC, BCX, XRP, FTCT, KMCC, and CVT.
2, Second speed: Tark is based on blockchain 4.0 atomic cross-exchange technology and cross-chain lightning trading, the atomic exchange is carried out on the lightning channel, and the infinite high-speed transaction between any block chains is realized to realize the nearly infinite transaction speed.
3, Multi-account system: Blockchain 4.0 technology gives users the right to truly master their digital assets and personal data, with the help of cryptographic public and private key payment system accounts, to become the user's unique digital identity. Tark payment system creates multiple accounts with one identity, eliminating the need for multiple tools to manage multiple private keys for users, and one identity can manage different passport assets.
4, Offline signature: avoid private key networking, reduce the risk of theft. Each transaction involves the issue of signature confirmation. The Tark payment system user holds the private key, and the transaction is not connected to the private key. The transaction is more secure.
5, Multiple verifications: fingerprint, face recognition and other verification methods.
  1. Open third-party ecosystem: Support third-party applications, such as games, videos, mall shopping, live broadcasts, etc.
Tark payment system is a typical application example of blockchain 4.0 technology, and is also an outstanding representative of decentralized cryptographic asset payment system. In the future, we hope that Tark can help more cryptographic asset enthusiasts, businesses and enterprises solve their security crisis and make billions of people around the world really feel the convenience of the Tark payment system.
Download link of Tark payment system: http://www.tarkwallet.com/download/down.html
submitted by gswt to u/gswt [link] [comments]

Tark - the outstanding representative of the decentralized cryptographic asset wallet


In recent years, with the rise of the blockchain industry, the development of wallets has been driven, but as the most critical infrastructure of cryptographic asset wallets, security has never been fundamentally solved.
On May 8, 2019, the official announcement of Binance said that on September 7, 2019, 17:15:24 (UTC) "large-scale security vulnerabilities" were discovered in the system. The hacker used a composite technology to exploit the vulnerability to steal 7,000 bitcoins from the Binance wallet at block height 575012. This theft incident has deepened the trust crisis in the entire blockchain industry.
What kind of wallet is really safe?
Cryptographic asset wallets are essentially tools for storing private keys. The security of private keys is critical. To maximize security, Tark's technical team builds Tark wallets based on Blockchain 4.0 technology. Unlike the past blockchains 1.0, 2.0, and 3.0, Tark Wallet has made a qualitative leap in terms of security performance, transaction speed, consensus extreme, cross-chain transmission, and ecological applications. The private key of the Tark wallet is owned by the user. The assets are stored in the blockchain,is isolatedly stored locally, the private information will never touch the network, and the wallet private key is kept by the user. The assets are completely in their hands. Don't worry about the centralized attack by hackers, or worry about the inside job of the wallet service provider.
Two super features of Tark wallet
  1. Security: Tark Wallet is the world's first dual-form cold wallet security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’ token asset and escorts the user's token assets!
2, Anonymity: In the general centralized trading system, the center of trust provides privacy protection. All user information and transaction information are stored in the central database, and ordinary people cannot easily obtain the customer's information. Only the trust center holds the information of everyone. Based on blockchain 4.0 technology, Tark's wallet is a truly decentralized product whose nature determines that no one can easily access the user's information.
Six advantages of Tark wallet:
  1. Multi-currency: Manage all high-quality currencies in the world, support all ERC20-TOKEN, cross-chain support BTC, LTC, ETH, EOS, ETC, XEM, BTG, IPC, GOD, BCH, DASH, DOGE, QTUM, ERC20, all types of tokens that are circulating worldwide, such as BCD, SBTC, BCX, XRP, FTCT, KMCC, and CVT.
2, Second speed: Tark is based on blockchain 4.0 atomic cross-exchange technology and cross-chain lightning trading, the atomic exchange is carried out on the lightning channel, and the infinite high-speed transaction between any block chains is realized to realize the nearly infinite transaction speed.
3, Multi-account system: Blockchain 4.0 technology gives users the right to truly master their digital assets and personal data, with the help of cryptographic public and private key wallet accounts, to become the user's unique digital identity. Tark Wallet creates multiple accounts with one identity, eliminating the need for multiple tools to manage multiple private keys for users, and one identity can manage different passport assets.
4, Offline signature: avoid private key networking, reduce the risk of theft. Each transaction involves the issue of signature confirmation. The Tark wallet user holds the private key, and the transaction is not connected to the private key. The transaction is more secure.
5, Multiple verifications: fingerprint, face recognition and other verification methods.
  1. Open third-party ecosystem: Support third-party applications, such as games, videos, mall shopping, live broadcasts, etc.
Tark wallet is a typical application example of blockchain 4.0 technology, and is also an outstanding representative of decentralized cryptographic asset wallet. In the future, we hope that Tark can help more cryptographic asset enthusiasts, businesses and enterprises solve their security crisis and make billions of people around the world really feel the convenience of the Tark wallet.
Quickly download on the official website :http://www.tarkwallet.com/download/down.html
submitted by gswt to u/gswt [link] [comments]

Tark - the outstanding representative of the decentralized cryptographic asset wallet


In recent years, with the rise of the blockchain industry, the development of wallets has been driven, but as the most critical infrastructure of cryptographic asset wallets, security has never been fundamentally solved.
On May 8, 2019, the official announcement of Binance said that on September 7, 2019, 17:15:24 (UTC) "large-scale security vulnerabilities" were discovered in the system. The hacker used a composite technology to exploit the vulnerability to steal 7,000 bitcoins from the Binance wallet at block height 575012. This theft incident has deepened the trust crisis in the entire blockchain industry.
What kind of wallet is really safe?
Cryptographic asset wallets are essentially tools for storing private keys. The security of private keys is critical. To maximize security, Tark's technical team builds Tark wallets based on Blockchain 4.0 technology. Unlike the past blockchains 1.0, 2.0, and 3.0, Tark Wallet has made a qualitative leap in terms of security performance, transaction speed, consensus extreme, cross-chain transmission, and ecological applications. The private key of the Tark wallet is owned by the user. The assets are stored in the blockchain,is isolatedly stored locally, the private information will never touch the network, and the wallet private key is kept by the user. The assets are completely in their hands. Don't worry about the centralized attack by hackers, or worry about the inside job of the wallet service provider.
Two super features of Tark wallet
  1. Security: Tark Wallet is the world's first dual-form cold wallet security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’ token asset and escorts the user's token assets!
2, Anonymity: In the general centralized trading system, the center of trust provides privacy protection. All user information and transaction information are stored in the central database, and ordinary people cannot easily obtain the customer's information. Only the trust center holds the information of everyone. Based on blockchain 4.0 technology, Tark's wallet is a truly decentralized product whose nature determines that no one can easily access the user's information.
Six advantages of Tark wallet:
  1. Multi-currency: Manage all high-quality currencies in the world, support all ERC20-TOKEN, cross-chain support BTC, LTC, ETH, EOS, ETC, XEM, BTG, IPC, GOD, BCH, DASH, DOGE, QTUM, ERC20, all types of tokens that are circulating worldwide, such as BCD, SBTC, BCX, XRP, FTCT, KMCC, and CVT.
2, Second speed: Tark is based on blockchain 4.0 atomic cross-exchange technology and cross-chain lightning trading, the atomic exchange is carried out on the lightning channel, and the infinite high-speed transaction between any block chains is realized to realize the nearly infinite transaction speed.
3, Multi-account system: Blockchain 4.0 technology gives users the right to truly master their digital assets and personal data, with the help of cryptographic public and private key wallet accounts, to become the user's unique digital identity. Tark Wallet creates multiple accounts with one identity, eliminating the need for multiple tools to manage multiple private keys for users, and one identity can manage different passport assets.
4, Offline signature: avoid private key networking, reduce the risk of theft. Each transaction involves the issue of signature confirmation. The Tark wallet user holds the private key, and the transaction is not connected to the private key. The transaction is more secure.
5, Multiple verifications: fingerprint, face recognition and other verification methods.
  1. Open third-party ecosystem: Support third-party applications, such as games, videos, mall shopping, live broadcasts, etc.
Tark wallet is a typical application example of blockchain 4.0 technology, and is also an outstanding representative of decentralized cryptographic asset wallet. In the future, we hope that Tark can help more cryptographic asset enthusiasts, businesses and enterprises solve their security crisis and make billions of people around the world really feel the convenience of the Tark wallet.
Quickly download on the official website :http://www.tarkwallet.com/download/down.html
submitted by tongzhengshijie1 to u/tongzhengshijie1 [link] [comments]

Tark - the outstanding representative of the decentralized cryptographic asset wallet


In recent years, with the rise of the blockchain industry, the development of wallets has been driven, but as the most critical infrastructure of cryptographic asset wallets, security has never been fundamentally solved.
On May 8, 2019, the official announcement of Binance said that on September 7, 2019, 17:15:24 (UTC) "large-scale security vulnerabilities" were discovered in the system. The hacker used a composite technology to exploit the vulnerability to steal 7,000 bitcoins from the Binance wallet at block height 575012. This theft incident has deepened the trust crisis in the entire blockchain industry.
What kind of wallet is really safe?
Cryptographic asset wallets are essentially tools for storing private keys. The security of private keys is critical. To maximize security, Tark's technical team builds Tark wallets based on Blockchain 4.0 technology. Unlike the past blockchains 1.0, 2.0, and 3.0, Tark Wallet has made a qualitative leap in terms of security performance, transaction speed, consensus extreme, cross-chain transmission, and ecological applications. The private key of the Tark wallet is owned by the user. The assets are stored in the blockchain,is isolatedly stored locally, the private information will never touch the network, and the wallet private key is kept by the user. The assets are completely in their hands. Don't worry about the centralized attack by hackers, or worry about the inside job of the wallet service provider.
Two super features of Tark wallet
  1. Security: Tark Wallet is the world's first dual-form cold wallet security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’ token asset and escorts the user's token assets!
2, Anonymity: In the general centralized trading system, the center of trust provides privacy protection. All user information and transaction information are stored in the central database, and ordinary people cannot easily obtain the customer's information. Only the trust center holds the information of everyone. Based on blockchain 4.0 technology, Tark's wallet is a truly decentralized product whose nature determines that no one can easily access the user's information.
Six advantages of Tark wallet:
  1. Multi-currency: Manage all high-quality currencies in the world, support all ERC20-TOKEN, cross-chain support BTC, LTC, ETH, EOS, ETC, XEM, BTG, IPC, GOD, BCH, DASH, DOGE, QTUM, ERC20, all types of tokens that are circulating worldwide, such as BCD, SBTC, BCX, XRP, FTCT, KMCC, and CVT.
2, Second speed: Tark is based on blockchain 4.0 atomic cross-exchange technology and cross-chain lightning trading, the atomic exchange is carried out on the lightning channel, and the infinite high-speed transaction between any block chains is realized to realize the nearly infinite transaction speed.
3, Multi-account system: Blockchain 4.0 technology gives users the right to truly master their digital assets and personal data, with the help of cryptographic public and private key wallet accounts, to become the user's unique digital identity. Tark Wallet creates multiple accounts with one identity, eliminating the need for multiple tools to manage multiple private keys for users, and one identity can manage different passport assets.
4, Offline signature: avoid private key networking, reduce the risk of theft. Each transaction involves the issue of signature confirmation. The Tark wallet user holds the private key, and the transaction is not connected to the private key. The transaction is more secure.
5, Multiple verifications: fingerprint, face recognition and other verification methods.
  1. Open third-party ecosystem: Support third-party applications, such as games, videos, mall shopping, live broadcasts, etc.
Tark wallet is a typical application example of blockchain 4.0 technology, and is also an outstanding representative of decentralized cryptographic asset wallet. In the future, we hope that Tark can help more cryptographic asset enthusiasts, businesses and enterprises solve their security crisis and make billions of people around the world really feel the convenience of the Tark wallet.
Quickly download on the official website :http://www.tarkwallet.com/download/down.html
submitted by tongzhengshijie1 to u/tongzhengshijie1 [link] [comments]

Tark - the outstanding representative of the decentralized cryptographic asset wallet


In recent years, with the rise of the blockchain industry, the development of wallets has been driven, but as the most critical infrastructure of cryptographic asset wallets, security has never been fundamentally solved.
On May 8, 2019, the official announcement of Binance said that on September 7, 2019, 17:15:24 (UTC) "large-scale security vulnerabilities" were discovered in the system. The hacker used a composite technology to exploit the vulnerability to steal 7,000 bitcoins from the Binance wallet at block height 575012. This theft incident has deepened the trust crisis in the entire blockchain industry.
What kind of wallet is really safe?
Cryptographic asset wallets are essentially tools for storing private keys. The security of private keys is critical. To maximize security, Tark's technical team builds Tark wallets based on Blockchain 4.0 technology. Unlike the past blockchains 1.0, 2.0, and 3.0, Tark Wallet has made a qualitative leap in terms of security performance, transaction speed, consensus extreme, cross-chain transmission, and ecological applications. The private key of the Tark wallet is owned by the user. The assets are stored in the blockchain,is isolatedly stored locally, the private information will never touch the network, and the wallet private key is kept by the user. The assets are completely in their hands. Don't worry about the centralized attack by hackers, or worry about the inside job of the wallet service provider.
Two super features of Tark wallet
  1. Security: Tark Wallet is the world's first dual-form cold wallet security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’ token asset and escorts the user's token assets!
2, Anonymity: In the general centralized trading system, the center of trust provides privacy protection. All user information and transaction information are stored in the central database, and ordinary people cannot easily obtain the customer's information. Only the trust center holds the information of everyone. Based on blockchain 4.0 technology, Tark's wallet is a truly decentralized product whose nature determines that no one can easily access the user's information.
Six advantages of Tark wallet:
  1. Multi-currency: Manage all high-quality currencies in the world, support all ERC20-TOKEN, cross-chain support BTC, LTC, ETH, EOS, ETC, XEM, BTG, IPC, GOD, BCH, DASH, DOGE, QTUM, ERC20, all types of tokens that are circulating worldwide, such as BCD, SBTC, BCX, XRP, FTCT, KMCC, and CVT.
2, Second speed: Tark is based on blockchain 4.0 atomic cross-exchange technology and cross-chain lightning trading, the atomic exchange is carried out on the lightning channel, and the infinite high-speed transaction between any block chains is realized to realize the nearly infinite transaction speed.
3, Multi-account system: Blockchain 4.0 technology gives users the right to truly master their digital assets and personal data, with the help of cryptographic public and private key wallet accounts, to become the user's unique digital identity. Tark Wallet creates multiple accounts with one identity, eliminating the need for multiple tools to manage multiple private keys for users, and one identity can manage different passport assets.
4, Offline signature: avoid private key networking, reduce the risk of theft. Each transaction involves the issue of signature confirmation. The Tark wallet user holds the private key, and the transaction is not connected to the private key. The transaction is more secure.
5, Multiple verifications: fingerprint, face recognition and other verification methods.
  1. Open third-party ecosystem: Support third-party applications, such as games, videos, mall shopping, live broadcasts, etc.
Tark wallet is a typical application example of blockchain 4.0 technology, and is also an outstanding representative of decentralized cryptographic asset wallet. In the future, we hope that Tark can help more cryptographic asset enthusiasts, businesses and enterprises solve their security crisis and make billions of people around the world really feel the convenience of the Tark wallet.
Quickly download on the official website :http://www.tarkwallet.com/download/down.html
submitted by tongzhengshijie1 to u/tongzhengshijie1 [link] [comments]

Tark - the outstanding representative of the decentralized cryptographic asset wallet


In recent years, with the rise of the blockchain industry, the development of wallets has been driven, but as the most critical infrastructure of cryptographic asset wallets, security has never been fundamentally solved.
On May 8, 2019, the official announcement of Binance said that on September 7, 2019, 17:15:24 (UTC) "large-scale security vulnerabilities" were discovered in the system. The hacker used a composite technology to exploit the vulnerability to steal 7,000 bitcoins from the Binance wallet at block height 575012. This theft incident has deepened the trust crisis in the entire blockchain industry.
What kind of wallet is really safe?
Cryptographic asset wallets are essentially tools for storing private keys. The security of private keys is critical. To maximize security, Tark's technical team builds Tark wallets based on Blockchain 4.0 technology. Unlike the past blockchains 1.0, 2.0, and 3.0, Tark Wallet has made a qualitative leap in terms of security performance, transaction speed, consensus extreme, cross-chain transmission, and ecological applications. The private key of the Tark wallet is owned by the user. The assets are stored in the blockchain,is isolatedly stored locally, the private information will never touch the network, and the wallet private key is kept by the user. The assets are completely in their hands. Don't worry about the centralized attack by hackers, or worry about the inside job of the wallet service provider.
Two super features of Tark wallet
  1. Security: Tark Wallet is the world's first dual-form cold wallet security protection model. It introduces the top technology innovation and multi-person collaborative management function of Silicon Valley in the United States, which greatly reduces the safety factor of users’ token asset and escorts the user's token assets!
2, Anonymity: In the general centralized trading system, the center of trust provides privacy protection. All user information and transaction information are stored in the central database, and ordinary people cannot easily obtain the customer's information. Only the trust center holds the information of everyone. Based on blockchain 4.0 technology, Tark's wallet is a truly decentralized product whose nature determines that no one can easily access the user's information.
Six advantages of Tark wallet:
  1. Multi-currency: Manage all high-quality currencies in the world, support all ERC20-TOKEN, cross-chain support BTC, LTC, ETH, EOS, ETC, XEM, BTG, IPC, GOD, BCH, DASH, DOGE, QTUM, ERC20, all types of tokens that are circulating worldwide, such as BCD, SBTC, BCX, XRP, FTCT, KMCC, and CVT.
2, Second speed: Tark is based on blockchain 4.0 atomic cross-exchange technology and cross-chain lightning trading, the atomic exchange is carried out on the lightning channel, and the infinite high-speed transaction between any block chains is realized to realize the nearly infinite transaction speed.
3, Multi-account system: Blockchain 4.0 technology gives users the right to truly master their digital assets and personal data, with the help of cryptographic public and private key wallet accounts, to become the user's unique digital identity. Tark Wallet creates multiple accounts with one identity, eliminating the need for multiple tools to manage multiple private keys for users, and one identity can manage different passport assets.
4, Offline signature: avoid private key networking, reduce the risk of theft. Each transaction involves the issue of signature confirmation. The Tark wallet user holds the private key, and the transaction is not connected to the private key. The transaction is more secure.
5, Multiple verifications: fingerprint, face recognition and other verification methods.
  1. Open third-party ecosystem: Support third-party applications, such as games, videos, mall shopping, live broadcasts, etc.
Tark wallet is a typical application example of blockchain 4.0 technology, and is also an outstanding representative of decentralized cryptographic asset wallet. In the future, we hope that Tark can help more cryptographic asset enthusiasts, businesses and enterprises solve their security crisis and make billions of people around the world really feel the convenience of the Tark wallet.
Quickly download on the official website :http://www.tarkwallet.com/download/down.html
submitted by tongzhengshijie1 to u/tongzhengshijie1 [link] [comments]

Cryptocurrencies on pace to close volatile trading week positive following Ethereum Classic addition to Coinbase Index Fund and the launch of the BOLT privacy overlay for Zcash on the lightning network

Developments in Financial Services

Regulatory

General News

Sources:
https://www.ccn.com/asias-largest-stock-exchange-is-honestly-troubled-by-a-cryptocurrency-firm/ https://www.newsbtc.com/2018/08/13/does-50-decline-in-the-turkish-lira-prove-bitcoin-is-better-than-fiat/ https://news.bitcoin.com/crypto-cafe-and-coworking-space-hash-house-established-in-xian-china/ https://bitcoinist.com/cryptocurrency-regulations-india-months/ https://www.coinspeaker.com/2018/08/13/ripples-expansion-plans-overshadowing-its-lawsuit-worries/ https://bitcoinist.com/saudi-arabia-bitcoin-trading-illegal/ https://www.coindesk.com/square-expands-cash-app-bitcoin-purchases-to-all-50-us-states/ https://www.ccn.com/thailand-police-seek-more-arrests-in-24-million-bitcoin-fraud/ https://cointelegraph.com/news/venezuela-to-use-petro-as-unit-of-account-for-salaries-goods-and-services https://www.coindesk.com/bitcoins-taproot-privacy-tech-is-ready-but-one-things-standing-in-the-way/ https://www.newsbtc.com/2018/08/15/coinbase-continues-to-add-50000-users-a-day-during-bear-market/ https://www.coinspeaker.com/2018/08/15/crypto-goes-green-using-renewable-energy-in-cloud-mining https://cointelegraph.com/news/citrix-survey-more-than-half-of-uk-companies-hit-by-cryptojacking-malware-at-some-point https://cointelegraph.com/news/japans-messaging-giant-line-sets-up-10-million-hong-kong-blockchain-venture-fund https://www.coinspeaker.com/2018/08/16/google-blockchain-and-ethereums-future-vitalik-buterin-shares-his-thoughts-at-a-private-event-held-in-san-francisco/ https://blockonomi.com/vitalik-buterin-future-blockchain/ https://www.coindesk.com/pantera-capital-raises-71-million-for-third-crypto-venture-fund/ https://www.newsbtc.com/2018/08/16/ethereum-classic-etc-surges-after-coinbase-consumer-confirms-listing/ https://www.coindesk.com/asx-head-says-new-dlt-system-could-save-billions/ https://cointelegraph.com/news/soft-crypto-etf-alternative-now-geared-towards-us-investors-says-bloomberg https://www.ccn.com/gnosis-creator-ethereum-adoption-is-about-dapp-network-effect-not-users/ https://www.newsbtc.com/2018/08/16/crypto-exchange-huobi-partners-with-five-firms-to-launch-trading-platforms/ https://cointelegraph.com/news/binance-lcx-launches-fiat-to-crypto-exchange-in-liechtenstein https://www.coindesk.com/ripple-endorses-preferred-crypto-exchanges-for-xrp-payments/ https://www.ccn.com/ripple-picks-three-crypto-exchanges-for-international-xrp-payments/ https://cointelegraph.com/news/ripple-partners-with-three-crypto-exchanges-as-part-of-xrapid-solution https://www.newsbtc.com/2018/08/17/xrp-recovers-as-ripple-expands-crypto-exchange-partners/ https://www.ccn.com/genesis-mining-offers-customers-a-discount-to-offset-falling-bitcoin-rewards/ https://cointelegraph.com/news/genesis-mining-compels-certain-customers-to-upgrade-btc-mining-contracts https://www.coindesk.com/jd-com-rolls-out-blockchain-platform-with-its-first-app/
submitted by QuantalyticsResearch to CryptoCurrency [link] [comments]

Substratum leads Round 2 of Monthly Community Voting Round - AMA Transcript Inside!

Hey guys, If you haven’t noticed on Binance’s monthly community voting round – it has been a tight battle but Substratum has been taking the lead.
I wanted to explain why Substratum has seemingly come out of no-where but has garnered some attention. Substratum is creating a solution to a very big obstacle in the world web. The below has been taken from Justin Tabb aka the Founder of Substratum and summarises what the purpose of the network is.
I hope you guys can support their vision by voting for Substratum (SUB) on the https://www.binance.com/vote.html.
The Substratum Network will bring the decentralized web worldwide without the need of special software for the average internet user. We will be able to serve Substratum Requests directly to the default browser (Safari, Firefox, Chrome, Internet Explorer) without any special software installed on the average consuming users computer.
How Substratum Works
Ease of Use: currently nearly everything that has to do with crypto or the blockchain is very difficult to use and requires technical knowledge. Through our 10+ years of experience working with companies like Apple we understand the importance of a good user experience.
• The average internet user requires NO special software to use the Substratum Network. The default browser will service all requests for average users so they do not need to do ANYTHING different. Users who wish to service requests and receive SUB coins in return will have a point and click user interface that any user can setup. No technical knowledge required. SubstratumPay will be seamlessly integrated and geared towards high conversions of low technical expertise users. • Serving Up of Decentralized Content: Substratum provides a method for serving Decentralized Content (including Web Sites, Data, and Applications) through a Mac, Windows, and Linux application/service that is easy to install and run (requires no technical expertise) and serves up decentralized content using the toolkit that we have developed. This is a point and click process and requires zero technical knowledge. All the user has to do is install the application, click through a few settings and they are up and running and making Substratum Coin. Incentivizing Users to Serve the Content: in order to incentivize users to run the Substratum Network client on their machine we will be providing Substratum Coin to them for doing so. The coin is issued to the serving machine through a micro-transaction from the hosting site to the serving computer. By breaking fees down to a micro-transaction level this will greatly reduce the overall cost to companies and entities that want to host sites and applications on the internet solving yet another problem with the web as it stands today.
Privacy / Security / Encryption: by allowing millions of Substratum Network users to serve content the biggest concern becomes privacy and security. Substratum solves these issues through advanced cryptography algorithms rooted in Artificial Intelligence that ensures all data remains secure. Following the lead of BitCoin this is the strength of cryptocurrency and the crypto movement. Storage and Serving of Content: in order to serve millions of sites, databases, and applications the Substratum Network employs custom developed advanced compression algorithms and machine learning to geolocate the right Substratum Network machine to serve up the content to the appropriate user based on geolocation, this will ensure the fastest load time with the lowest amount of latency and strain on the Substratum Network and both the serving and receiving machine. DNS (Domain Name System): DNS or the Domain Name System is the system that currently tells your browser where to go when you type in a domain name. For instance when you go to Chrome and type in apple.com a DNS lookup is performed to check where to send that request, the DNS system comes back with an IP address and your request is routed there. In the first version of SubstratumDNS will be a complex, AI enabled DNS server that will receive DNS requests along with the geolocation of the requestor and find based off of that information the closest available SubstratumNode that is able to fulfill the request. Development Tools for the Decentralized Web: the Substratum Network will provide an API and SDK for developing tools on the Substratum Platform. This will bring in strong developer support and will accelerate the growth of the decentralized web on the Substratum Network. Net Neutrality: with the Substratum Network ALL web-sites and applications will have EQUAL ability to be broadcast in an equal and fair manner.
International Digital Barriers: currently countries like China have strict regulations on what their 1.379 billion citizens are able to interact with on the internet. Substratum will break down these barriers through a network of decentralized computers running the Substratum Network Software. Where other solutions that are currently used by residents in these countries require special software to be installed, like TOR, Substratum will take a reverse approach and require no special software for the average user.
High Hosting Costs: currently businesses must pay high hosting fees to get their web-sites on the internet. Amazon Web Services launched a 3.5BIL USD per year business by attempting to solve this problem. They allow you to pay for how many minutes you run a web / database server. Substratum completely solves this problem through the power of cryptocurrency by only charging for each request that is processed. You can check out the website here: • Substratum.net o And the whitepaper is available in multiple languages inclusive of Mandarin.
Furthermore, Substratum and the founders are very active in the slack – which they have recently hosted an AMA (ask me anything); I took the liberty of getting this information and if you are interested about the project to read more into it. Obviously they can’t reveal the inner workings of their product due to product sensitivity and being ahead of their competition but they are always up to date with the community through several videos on Youtube (https://www.youtube.com/channel/UCxUJoTH0XLERKl55zGnFI6g) and announcements through their social media. I recommend you follow them.
Q: Any major talks with exchanges yet? A: We just announced that we are launching on our FIRST official exchange of COSS.IO on 9/30 trading against BTC and ETH. More to follow.
Q: Will I be able to run a supernode? A: From the beginning NO. Supernodes will only be for Substratum; however, they will run the SAME software that are used to run a NODE. In time we will develop a requirement list to run a supernode. If you qualify you can then run a SuperNode and receive a premium payout
Q: Is it possible to show a few examples of SUB payouts you get from running a node, and the tell us the ratios that affect the amount/way to calculate it somehow? (SUB owned, for how long you've been running a node etc..) Or is that still in testing? What's the difference in node rewards from someone who has 0 SUB's as opposed to someone who has X amount of SUB's? A: So the calculations for this are in process; however, you can watch our video "How Substrate Per Request Is Calculated" on our YouTube channel for an idea of what variables go into each calculation
Q: How do we prevent DDoS? A: The first step is not talking about how we prevent DDoS or any other hack. We call that security through obscurity. :slightly_smiling_face: Secondly, one of the primary ways to prevent a DDoS attack is decentralization. Well that's perfect. Lastly, there are other techniques, like black-holing and basically shutting a node down. The great news is that we will be decentralized so we are only talking about a node or specific IP Address that will not disrupt the network. :thumbsup:
Q: Say i got a website i want to publish on Substratum, how does this process go? A: Just a shout out if you ask for a lot of detail regarding technology stack and how exactly something will work we are most likely going to give you general answers. This is not to skirt the question. We want to be 10 steps ahead of anyone with nefarious plans before we get launched. You will be seeing more on this very soon. You should be seeing a video drop on this in the next week or two. The goal is to make this easy to use and powerful, plus empower others to use the tools. We're looking at things to different ways one is towards the average user who just want something sitting on their system and doesn't need any more details and the other is a super user who wants a lot of configuration options.
Q: When more people will use Substratum and more will run nodes, the value of SUB will increase. How will it be calculated how much SUB you get as a reward for running a node as value increases? Will it be calculated by Substratum itself or will it be changed manually every so often? A: We will be calculating against the live value of Substratum
Q: Is substratum detectable, for example if it’s used in a country like china and they are caught on these sites that are blocked by government… Can it be detected? A: The goal is to make it constantly moving. We do not want it to be. fast, easy, powerful, anonymous.
Q: Will there be Master Nodes? A: We will have some services that are available that will help provision nodes into the network. We are still story mapping this flow and architecture.
Q: Could we get more information about what you require to do to be a beta tester? A: To be a beta tester you only need to add yourself to the #beta-tester channel here in Slack. You will be notified when we are ready for you to download and install and the process and requirements to continue to run the software
Q: Will you keep us informed on a at least weekly base to tell/ show us the progress made? A: Yes! We will continue to drop at least 2 professionally made update videos each week (with Jason Burns the guy who does them) and we will be doing more and more candid videos
Q: Who is the winner of 10k subs and what idea did he give? And what about 2nd place and 3rd place. A: To be announced shortly. The Substrate is reserved for the payout
Q: Can we mine Sub without the software? A: I will personally be selling pick-axes on my personal website "pixaxesforsale.biz" for a low cost of $19.99
Q: Unless they disclose intelligent life in space, people are still going to be mad at the end of this. A lot more will be happy though A: Haven't found intelligent life in space. Some would question finding it on earth.
Q: From a legal stand point How are we protected if someone is running illegal content on our Node? A: Take a look at our video of "How Substratum Secures Your Site Content". You will never hold the entire piece of data except perhaps in memory if you are the one serving the request so you could never be culpable. Amazon isn't held responsible if I host illegal content now
Q: What about content control? child porno .. and so on ... ? Is there anything to control the content or? A: Excellent question. This was a big concern for us. We do not want Substratum to become the dark web. The goal is to allow the community to self-govern, vote up and down, call out illegal activity. The utilities will allow those with bad intentions to be called out. The more we grow the better we will be about wiping out things like child porn, and just as bad human trafficking.
Q: When will the raised money going to be donated? A: We have already donated $10K out and we have a pending wire for $40K going out Monday. We are working to find the BEST places with the IMMEDIATE needs.
Q: When will the livestream of the burn be? A: Burn #1 will be a livestream of my computer screen later tonight. I will announce on twitter at least an hour ahead of time and we will record it so people can see it later
Q: What will the final circulating supply be after all three token burns? A: We are still getting a FINAL number on this, we are still doing some FINAL Bonus sends but we will have the number VERY VERY soon and we will be posting it. We will be burning 60MIL tokens tonight so that should give you some kind of an idea.
Q: can you stop slack from freezing my firefox? A: Use the downloadable app, or get better internet, or get a new computer. Sounds like a dumpster fire.
Q: Everyone brings up the obvious choice of child porno that needs to be dealt with via content control. What about grayzones such as weed-selling sites? Its illegal in some countries, some not. How will Substratum deal with these grey-zones? A: Give me liberty or give me death.
Q: Could i have an invite to beta test channel on slack? A: Yes, just let a moderator know.
Q: could i get more information on what beta testers are required to do? I will happily be one if it helps the process and I actually manage to do it. A: Join the #beta-testers channel here
Q: when will we see a new homepage? A: This is being worked on now!
Q: is there a minimum amount of SUB needed to run a node? A: NO! 0 Substrate, don't worry, you will have some soon once you turn it on
Q: What about running an "micronode" on any phone (there is a big % using phones all the time), I mean an app installed on phone to run a node and to host only small content like a photos... Did you think about of this? A: https://youtu.be/h6tZ_ZFuFmY
Q: What if my website ethically and morally right and people downvote it out of jealousy will my website be removed if there are more number of downvotes and my content is clean? A: The process is NOT that simple, we will release more details later but this is being taken into consideration. I answered in a bit more detail above as well
Q: Does the Sub team ever sleep ? A: Only when driving
Q: Can I run a node on a VPS? A: I certainly won't be telling people how or where to run the node software. Do the best you can. I actually answered the VPS question above too. We will have a command line version if that is the question. That you can run on something like Ubuntu Server if you want
Q: Can the voting system for all illegal stuff on the internet also be used in a 'bad' way on the regular websites to for example gain commercial/business advantages? A: It should not, no one will have 'master control' All control, so the market decides always.
Q: Who will profit from cryptopay? How will this bring value to SUB tokens? A: Everyone will as we gain dominance. But also, Substratum the company will take a small percentage. This will enable us to continue building awesome apps. CryptoPay will be the cornerstone of many good things to come. Think retail, goods and services.
Q: I work at a games company with 200+ high powered pcs. If I install sub nodes on every single one of them at night, will IT be able to catch and fire me A: See your HR manual, or HR supervisor for those questions.
Q: How do websites and hosters remain protected from hacking, if sites are created with innate vulnerabilities does that expose other sites hosted by the same node? A: This is a great question. Hosting Nodes will have to vet out their security. Again, being decentralized goes a long way in providing security. So does encryption. We will help hosts be the best hosts possible.
Q: Please explain the earning in SUB by running a node? A: So the SUB comes FROM the HOST (who purchases the SUB) to the NODE for the cost of the transaction. https://youtu.be/LWZ1DIGGOoQ
Q: When will the tokens be sent for the 100 Sub giveaway A: Shortly
Q: How will Substratum market themselves towards countries that needs SUB the most but are hard to reach, such as North Korea, Africa, China? A: Think spider web. The more that join, and use, the less it can be controlled.
Q: How long will this bear market last for? A: Let me put the fortune teller hat on. Crypto is a young demographic currently. It will be bear'ish until we make the technology easier and they get older.
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