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Dogecoin

The most amazing place on reddit! A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. The new innovative crypto-currency.
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🏆 💥The Tokenized Bitcoin ( imBTC ) Airdrop 🎁 0.01 imBTC ($97) 👨‍👨‍👦 0.001 imBTC ($9.6) per Referral 💠 Exchange on Tokenlon 🔸 Get 7 ref 🗣 Your referral link is: https://t.me/imBTCAirdropBot?start=r0137437878 submitted by kuryliuk10 to u/kuryliuk10 [link] [comments]

Bitcoin Newcomers FAQ - Please read!

Welcome to the /Bitcoin Sticky FAQ

You've probably been hearing a lot about Bitcoin recently and are wondering what's the big deal? Most of your questions should be answered by the resources below but if you have additional questions feel free to ask them in the comments.
It all started with the release of the release of Satoshi Nakamoto's whitepaper however that will probably go over the head of most readers so we recommend the following videos for a good starting point for understanding how bitcoin works and a little about its long term potential:
Some other great resources include Lopp.net, the Princeton crypto series and James D'Angelo's Bitcoin 101 Blackboard series.
Some excellent writing on Bitcoin's value proposition and future can be found at the Satoshi Nakamoto Institute.
Some Bitcoin statistics can be found here and here. Developer resources can be found here. Peer-reviewed research papers can be found here.
Potential upcoming protocol improvements and scaling resources here and here.
The number of times Bitcoin was declared dead by the media can be found here (LOL!)

Key properties of Bitcoin

Where can I buy bitcoins?

Bitcoin.org and BuyBitcoinWorldwide.com are helpful sites for beginners. You can buy or sell any amount of bitcoin (even just a few dollars worth) and there are several easy methods to purchase bitcoin with cash, credit card or bank transfer. Some of the more popular resources are below, also check out the bitcoinity exchange resources for a larger list of options for purchases.
Here is a listing of local ATMs. If you would like your paycheck automatically converted to bitcoin use Bitwage.
Note: Bitcoins are valued at whatever market price people are willing to pay for them in balancing act of supply vs demand. Unlike traditional markets, bitcoin markets operate 24 hours per day, 365 days per year. Preev is a useful site that that shows how much various denominations of bitcoin are worth in different currencies. Alternatively you can just Google "1 bitcoin in (your local currency)".

Securing your bitcoins

With bitcoin you can "Be your own bank" and personally secure your bitcoins OR you can use third party companies aka "Bitcoin banks" which will hold the bitcoins for you.
Note: For increased security, use Two Factor Authentication (2FA) everywhere it is offered, including email!
2FA requires a second confirmation code to access your account making it much harder for thieves to gain access. Google Authenticator and Authy are the two most popular 2FA services, download links are below. Make sure you create backups of your 2FA codes.
Google Auth Authy OTP Auth
Android Android N/A
iOS iOS iOS

Watch out for scams

As mentioned above, Bitcoin is decentralized, which by definition means there is no official website or Twitter handle or spokesperson or CEO. However, all money attracts thieves. This combination unfortunately results in scammers running official sounding names or pretending to be an authority on YouTube or social media. Many scammers throughout the years have claimed to be the inventor of Bitcoin. Websites like bitcoin(dot)com and the btc subreddit are active scams. Almost all altcoins (shitcoins) are marketed heavily with big promises but are really just designed to separate you from your bitcoin. So be careful: any resource, including all linked in this document, may in the future turn evil. Don't trust, verify. Also as they say in our community "Not your keys, not your coins".

Where can I spend bitcoins?

Check out spendabit or bitcoin directory for millions of merchant options. Also you can spend bitcoin anywhere visa is accepted with bitcoin debit cards such as the CashApp card. Some other useful site are listed below.
Store Product
Gyft Gift cards for hundreds of retailers including Amazon, Target, Walmart, Starbucks, Whole Foods, CVS, Lowes, Home Depot, iTunes, Best Buy, Sears, Kohls, eBay, GameStop, etc.
Spendabit, Overstock and The Bitcoin Directory Retail shopping with millions of results
ShakePay Generate one time use Visa cards in seconds
NewEgg and Dell For all your electronics needs
Bitwa.la, Coinbills, Piixpay, Bitbill.eu, Bylls, Coins.ph, Bitrefill, LivingRoomofSatoshi, Coinsfer, and more Bill payment
Menufy, Takeaway and Thuisbezorgd NL Takeout delivered to your door
Expedia, Cheapair, Destinia, Abitsky, SkyTours, the Travel category on Gyft and 9flats For when you need to get away
Cryptostorm, Mullvad, and PIA VPN services
Namecheap, Porkbun Domain name registration
Stampnik Discounted USPS Priority, Express, First-Class mail postage
Coinmap and AirBitz are helpful to find local businesses accepting bitcoins. A good resource for UK residents is at wheretospendbitcoins.co.uk.
There are also lots of charities which accept bitcoin donations.

Merchant Resources

There are several benefits to accepting bitcoin as a payment option if you are a merchant;
If you are interested in accepting bitcoin as a payment method, there are several options available;

Can I mine bitcoin?

Mining bitcoins can be a fun learning experience, but be aware that you will most likely operate at a loss. Newcomers are often advised to stay away from mining unless they are only interested in it as a hobby similar to folding at home. If you want to learn more about mining you can read more here. Still have mining questions? The crew at /BitcoinMining would be happy to help you out.
If you want to contribute to the bitcoin network by hosting the blockchain and propagating transactions you can run a full node using this setup guide. If you would prefer to keep it simple there are several good options. You can view the global node distribution here.

Earning bitcoins

Just like any other form of money, you can also earn bitcoins by being paid to do a job.
Site Description
WorkingForBitcoins, Bitwage, Cryptogrind, Coinality, Bitgigs, /Jobs4Bitcoins, BitforTip, Rein Project Freelancing
Lolli Earn bitcoin when you shop online!
OpenBazaar, Purse.io, Bitify, /Bitmarket, 21 Market Marketplaces
/GirlsGoneBitcoin NSFW Adult services
A-ads, Coinzilla.io Advertising
You can also earn bitcoins by participating as a market maker on JoinMarket by allowing users to perform CoinJoin transactions with your bitcoins for a small fee (requires you to already have some bitcoins.

Bitcoin-Related Projects

The following is a short list of ongoing projects that might be worth taking a look at if you are interested in current development in the bitcoin space.
Project Description
Lightning Network Second layer scaling
Blockstream, Rootstock and Drivechain Sidechains
Hivemind and Augur Prediction markets
Tierion and Factom Records & Titles on the blockchain
BitMarkets, DropZone, Beaver and Open Bazaar Decentralized markets
JoinMarket and Wasabi Wallet CoinJoin implementation
Coinffeine and Bisq Decentralized bitcoin exchanges
Keybase Identity & Reputation management
Abra Global P2P money transmitter network
Bitcore Open source Bitcoin javascript library

Bitcoin Units

One Bitcoin is quite large (hundreds of £/$/€) so people often deal in smaller units. The most common subunits are listed below:
Unit Symbol Value Info
bitcoin BTC 1 bitcoin one bitcoin is equal to 100 million satoshis
millibitcoin mBTC 1,000 per bitcoin used as default unit in recent Electrum wallet releases
bit bit 1,000,000 per bitcoin colloquial "slang" term for microbitcoin (μBTC)
satoshi sat 100,000,000 per bitcoin smallest unit in bitcoin, named after the inventor
For example, assuming an arbitrary exchange rate of $10000 for one Bitcoin, a $10 meal would equal:
For more information check out the Bitcoin units wiki.
Still have questions? Feel free to ask in the comments below or stick around for our weekly Mentor Monday thread. If you decide to post a question in /Bitcoin, please use the search bar to see if it has been answered before, and remember to follow the community rules outlined on the sidebar to receive a better response. The mods are busy helping manage our community so please do not message them unless you notice problems with the functionality of the subreddit.
Note: This is a community created FAQ. If you notice anything missing from the FAQ or that requires clarification you can edit it here and it will be included in the next revision pending approval.
Welcome to the Bitcoin community and the new decentralized economy!
submitted by BitcoinFan7 to Bitcoin [link] [comments]

Taproot, CoinJoins, and Cross-Input Signature Aggregation

It is a very common misconception that the upcoming Taproot upgrade helps CoinJoin.
TLDR: The upcoming Taproot upgrade does not help equal-valued CoinJoin at all, though it potentially increases the privacy of other protocols, such as the Lightning Network, and escrow contract schemes.
If you want to learn more, read on!

Equal-valued CoinJoins

Let's start with equal-valued CoinJoins, the type JoinMarket and Wasabi use. What happens is that some number of participants agree on some common value all of them use. With JoinMarket the taker defines this value and pays the makers to agree to it, with Wasabi the server defines a value approximately 0.1 BTC.
Then, each participant provides inputs that they unilaterally control, totaling equal or greater than the common value. Typically since each input is unilaterally controlled, each input just requires a singlesig. Each participant also provides up to two addresses they control: one of these will be paid with the common value, while the other will be used for any extra value in the inputs they provided (i.e. the change output).
The participants then make a single transaction that spends all the provided inputs and pays out to the appropriate outputs. The inputs and outputs are shuffled in some secure manner. Then the unsigned transaction is distributed back to all participants.
Finally, each participant checks that the transaction spends the inputs it provided (and more importantly does not spend any other coins it might own that it did not provide for this CoinJoin!) and that the transaction pays out to the appropriate address(es) it controls. Once they have validated the transaction, they ratify it by signing for each of the inputs it provided.
Once every participant has provided signatures for all inputs it registered, the transaction is now completely signed and the CoinJoin transaction is now validly confirmable.
CoinJoin is a very simple and direct privacy boost, it requires no SCRIPTs, needs only singlesig, etc.

Privacy

Let's say we have two participants who have agreed on a common amount of 0.1 BTC. One provides a 0.105 coin as input, the other provides a 0.114 coin as input. This results in a CoinJoin with a 0.105 coin and a 0.114 coin as input, and outputs with 0.1, 0.005, 0.014, and 0.1 BTC.
Now obviously the 0.005 output came from the 0.105 input, and the 0.014 output came from the 0.114 input.
But the two 0.1 BTC outputs cannot be correlated with either input! There is no correlating information, since either output could have come from either input. That is how common CoinJoin implementations like Wasabi and JoinMarket gain privacy.

Banning CoinJoins

Unfortunately, large-scale CoinJoins like that made by Wasabi and JoinMarket are very obvious.
All you have to do is look for a transactions where, say, more than 3 outputs are the same equal value, and the number of inputs is equal or larger than the number of equal-valued outputs. Thus, it is trivial to identify equal-valued CoinJoins made by Wasabi and JoinMarket. You can even trivially differentiate them: Wasabi equal-valued CoinJoins are going to have a hundred or more inputs, with outputs that are in units of approximately 0.1 BTC, while JoinMarket CoinJoins have equal-valued outputs of less than a dozen (between 4 to 6 usually) and with the common value varying wildly from as low as 0.001 BTC to as high as a dozen BTC or more.
This has led to a number of anti-privacy exchanges to refuse to credit custodially-held accounts if the incoming deposit is within a few hops of an equal-valued CoinJoin, usually citing concerns about regulations. Crucially, the exchange continues to hold private keys for those "banned" deposits, and can still spend them, thus this is effectively a theft. If your exchange does this to you, you should report that exchange as stealing money from its customers. Not your keys not your coins.
Thus, CoinJoins represent a privacy tradeoff:

Taproot

Let's now briefly discuss that nice new shiny thing called Taproot.
Taproot includes two components:
This has some nice properties:

Taproot DOES NOT HELP CoinJoin

So let's review!
CoinJoin:
Taproot:
There is absolutely no overlap. Taproot helps things that CoinJoin does not use. CoinJoin uses things that Taproot does not improve.

B-but They Said!!

A lot of early reporting on Taproot claimed that Taproot benefits CoinJoin.
What they are confusing is that earlier drafts of Taproot included a feature called cross-input signature aggregation.
In current Bitcoin, every input, to be spent, has to be signed individually. With cross-input signature aggregation, all inputs that support this feature are signed with a single signature that covers all those inputs. So for example if you would spend two inputs, current Bitcoin requires a signature for each input, but with cross-input signature aggregation you can sign both of them with a single signature. This works even if the inputs have different public keys: two inputs with cross-input signature aggregation effectively define a 2-of-2 public key, and you can only sign for that input if you know the private keys for both inputs, or if you are cooperatively signing with somebody who knows the private key of the other input.
This helps CoinJoin costs. Since CoinJoins will have lots of inputs (each participant will provide at least one, and probably will provide more, and larger participant sets are better for more privacy in CoinJoin), if all of them enabled cross-input signature aggregation, such large CoinJoins can have only a single signature.
This complicates the signing process for CoinJoins (the signers now have to sign cooperatively) but it can be well worth it for the reduced signature size and onchain cost.
But note that the while cross-input signature aggregation improves the cost of CoinJoins, it does not improve the privacy! Equal-valued CoinJoins are still obvious and still readily bannable by privacy-hating exchanges. It does not improve the privacy of CoinJoin. Instead, see https://old.reddit.com/Bitcoin/comments/gqb3udesign_for_a_coinswap_implementation_fo

Why isn't cross-input signature aggregation in?

There's some fairly complex technical reasons why cross-input signature aggregation isn't in right now in the current Taproot proposal.
The primary reason was to reduce the technical complexity of Taproot, in the hope that it would be easier to convince users to activate (while support for Taproot is quite high, developers have become wary of being hopeful that new proposals will ever activate, given the previous difficulties with SegWit).
The main technical complexity here is that it interacts with future ways to extend Bitcoin.
The rest of this writeup assumes you already know about how Bitcoin SCRIPT works. If you don't understand how Bitcoin SCRIPT works at the low-level, then the TLDR is that cross-input signature aggregation complicates how to extend Bitcoin in the future, so it was deferred to let the develoeprs think more about it.
(this is how I understand it; perhaps pwuille or ajtowns can give a better summary.)
In detail, Taproot also introduces OP_SUCCESS opcodes. If you know about the OP_NOP opcodes already defined in current Bitcoin, well, OP_SUCCESS is basically "OP_NOP done right".
Now, OP_NOP is a do-nothing operation. It can be replaced in future versions of Bitcoin by having that operation check some condition, and then fail if the condition is not satisfied. For example, both OP_CHECKLOCKTIMEVERIFY and OP_CHECKSEQUENCEVERIFY were previously OP_NOP opcodes. Older nodes will see an OP_CHECKLOCKTIMEVERIFY and think it does nothing, but newer nodes will check if the nLockTime field has a correct specified value, and fail if the condition is not satisfied. Since most of the nodes on the network are using much newer versions of the node software, older nodes are protected from miners who try to misspend any OP_CHECKLOCKTIMEVERIFY/OP_CHECKSEQUENCEVERIFY, and those older nodes will still remain capable of synching with the rest of the network: a dedication to strict backward-compatibility necessary for a consensus system.
Softforks basically mean that a script that passes in the latest version must also be passing in all older versions. A script cannot be passing in newer versions but failing in older versions, because that would kick older nodes off the network (i.e. it would be a hardfork).
But OP_NOP is a very restricted way of adding opcodes. Opcodes that replace OP_NOP can only do one thing: check if some condition is true. They can't push new data on the stack, they can't pop items off the stack. For example, suppose instead of OP_CHECKLOCKTIMEVERIFY, we had added a OP_GETBLOCKHEIGHT opcode. This opcode would push the height of the blockchain on the stack. If this command replaced an older OP_NOP opcode, then a script like OP_GETBLOCKHEIGHT 650000 OP_EQUAL might pass in some future Bitcoin version, but older versions would see OP_NOP 650000 OP_EQUAL, which would fail because OP_EQUAL expects two items on the stack. So older versions will fail a SCRIPT that newer versions will pass, which is a hardfork and thus a backwards incompatibility.
OP_SUCCESS is different. Instead, old nodes, when parsing the SCRIPT, will see OP_SUCCESS, and, without executing the body, will consider the SCRIPT as passing. So, the OP_GETBLOCKHEIGHT 650000 OP_EQUAL example will now work: a future version of Bitcoin might pass it, and existing nodes that don't understand OP_GETBLOCKHEIGHT will se OP_SUCCESS 650000 OP_EQUAL, and will not execute the SCRIPT at all, instead passing it immediately. So a SCRIPT that might pass in newer versions will pass for older versions, which keeps the back-compatibility consensus that a softfork needs.
So how does OP_SUCCESS make things difficult for cross-input signatur aggregation? Well, one of the ways to ask for a signature to be verified is via the opcodes OP_CHECKSIGVERIFY. With cross-input signature aggregation, if a public key indicates it can be used for cross-input signature aggregation, instead of OP_CHECKSIGVERIFY actually requiring the signature on the stack, the stack will contain a dummy 0 value for the signature, and the public key is instead added to a "sum" public key (i.e. an n-of-n that is dynamically extended by one more pubkey for each OP_CHECKSIGVERIFY operation that executes) for the single signature that is verified later by the cross-input signature aggregation validation algorithm00.
The important part here is that the OP_CHECKSIGVERIFY has to execute, in order to add its public key to the set of public keys to be checked in the single signature.
But remember that an OP_SUCCESS prevents execution! As soon as the SCRIPT is parsed, if any opcode is OP_SUCCESS, that is considered as passing, without actually executing the SCRIPT, because the OP_SUCCESS could mean something completely different in newer versions and current versions should assume nothing about what it means. If the SCRIPT contains some OP_CHECKSIGVERIFY command in addition to an OP_SUCCESS, that command is not executed by current versions, and thus they cannot add any public keys given by OP_CHECKSIGVERIFY. Future versions also have to accept that: if they parsed an OP_SUCCESS command that has a new meaning in the future, and then execute an OP_CHECKSIGVERIFY in that SCRIPT, they cannot add the public key into the same "sum" public key that older nodes use, because older nodes cannot see them. This means that you might need more than one signature in the future, in the presence of an opcode that replaces some OP_SUCCESS.
Thus, because of the complexity of making cross-input signature aggregation work compatibly with future extensions to the protocol, cross-input signature aggregation was deferred.
submitted by almkglor to Bitcoin [link] [comments]

Cannot create wallet with Trezor

Hi guys, I am stuck trying to create a wallet for my Trezor with Electrum 4.0.4 on Linux:
I get to the point of entering the password twice and then selecting the path. But after that it just says
'Please wait' and then the window hangs. The only way to do something is either kill the process or send a `SIGINT` signal.
Interestingly after sending a SIGINT the window unfreezes and asks me again for the password (also during the whole freeze the Trezor device writes that I should enter my password). After entering the password again I get an empty error window and on closing it everything closes.
I started electrum with `electrum -v` to get some logs:
$ electrum -v I | logging | Electrum version: 4.0.4 - https://electrum.org - https://github.com/spesmilo/electrum I | logging | Python version: 3.8.6 (default, Sep 30 2020, 04:00:38) [GCC 10.2.0]. On platform: Linux-5.8.14-arch1-1-x86_64-with-glibc2.2.5 I | logging | Logging to file: None I | logging | Log filters: verbosity '*', verbosity_shortcuts '' I/p | plugin.Plugins | registering hardware bitbox02: ('hardware', 'bitbox02', 'BitBox02') I/p | plugin.Plugins | registering hardware coldcard: ('hardware', 'coldcard', 'Coldcard Wallet') I/p | plugin.Plugins | registering hardware digitalbitbox: ('hardware', 'digitalbitbox', 'Digital Bitbox wallet') I/p | plugin.Plugins | registering hardware keepkey: ('hardware', 'keepkey', 'KeepKey wallet') I/p | plugin.Plugins | registering hardware ledger: ('hardware', 'ledger', 'Ledger wallet') I/p | plugin.Plugins | registering hardware safe_t: ('hardware', 'safe_t', 'Safe-T mini wallet') I/p | plugin.Plugins | registering hardware trezor: ('hardware', 'trezor', 'Trezor wallet') I/p | plugin.Plugins | registering wallet type ('2fa', 'trustedcoin') D | util.profiler | Plugins.__init__ 0.0044 I/n | network | blockchains [0] I | exchange_rate.FxThread | using exchange CoinGecko D | util.profiler | Daemon.__init__ 0.0023 I/n | network | starting network I | daemon.Daemon | launching GUI: qt I/n | network | setting proxy None I | daemon.Daemon | starting taskgroup. I/n | network | connecting to electrumx.ftp.sh:50002:s as new interface I/n | network | starting taskgroup. I | gui.qt.history_list | could not import electrum.plot. This feature needs matplotlib to be installed. I | gui.qt.ElectrumGui | Qt GUI starting up... Qt=5.15.1, PyQt=5.15.1 I/i | interface.[localhost:50002] | connection established. version: ['ElectrumPersonalServer 0.2.0', '1.4'] D | util.profiler | ElectrumGui.__init__ 0.1374 I/i | interface.[vmd27610.contaboserver.net:50002] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(gaierror(-2, 'Name or service not known'))) I/n | network | couldn't launch iface vmd27610.contaboserver.net:50002:s -- CancelledError() I/i | interface.[electrumx.ftp.sh:50002] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(gaierror(-2, 'Name or service not known'))) I/n | network | couldn't launch iface electrumx.ftp.sh:50002:s -- CancelledError() I/i | interface.[rbx.curalle.ovh:50002] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(gaierror(-2, 'Name or service not known'))) I/i | interface.[2AZZARITA.hopto.org:50006] | connection established. version: ['ElectrumX 1.15.0', '1.4'] I/n | network | couldn't launch iface rbx.curalle.ovh:50002:s -- CancelledError() I/i | interface.[2AZZARITA.hopto.org:50006] | set blockchain with height 653567 I/i | interface.[2AZZARITA.hopto.org:50006] | skipping header 653566 I/n | network | no height for main interface I/n | network | fee_estimates {25: 46526, 10: 48176, 5: 50745, 2: 50750} I/i | interface.[hsmiths4fyqlw5xw.onion:50002] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(gaierror(-2, 'Name or service not known'))) I/n | network | couldn't launch iface hsmiths4fyqlw5xw.onion:50002:s -- CancelledError() I/n | network | switching to 2AZZARITA.hopto.org:50006:s I/i | interface.[electrum3.hodlister.co:50002] | connection established. version: ['ElectrumX 1.10.0', '1.4'] I/n | network | fee_histogram [[99, 100899], [71, 112316], [61, 132563], [59, 156116], [57, 175394], [54, 114050], [51, 219092], [49, 195934], [48, 565137], [47, 781451], [46, 883591], [45, 259824], [44, 450143], [43, 114488], [42, 22100], [41, 49428], [40, 106542], [38, 151315], [33, 547095], [22, 620244], [13, 648588], [9, 822409], [5, 741398], [3, 1799486], [2, 651429]] I/n | network | fee_histogram [[99, 100899], [71, 112316], [61, 132563], [59, 156116], [57, 175394], [54, 114050], [51, 219092], [49, 195934], [48, 565137], [47, 781451], [46, 883591], [45, 259824], [44, 450143], [43, 114488], [42, 22100], [41, 49428], [40, 106542], [38, 151315], [33, 547095], [22, 620244], [13, 648588], [9, 822409], [5, 741398], [3, 1799486], [2, 651429]] I/i | interface.[bitcoin.corgi.party:50002] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(gaierror(-5, 'No address associated with hostname'))) I/n | network | couldn't launch iface bitcoin.corgi.party:50002:s -- CancelledError() I/i | interface.[electrumx-core.1209k.com:50002] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(OSError(101, 'Network is unreachable'))) I/n | network | couldn't launch iface electrumx-core.1209k.com:50002:s -- CancelledError() I/i | interface.[electrum3.hodlister.co:50002] | set blockchain with height 653567 I/i | interface.[electrum3.hodlister.co:50002] | skipping header 653567 I/n | network | fee_estimates {25: 46526, 10: 48176, 5: 50745, 2: 50749} I/i | interface.[hsmiths5mjk6uijs.onion:50002] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(gaierror(-2, 'Name or service not known'))) I/n | network | couldn't launch iface hsmiths5mjk6uijs.onion:50002:s -- CancelledError() I/i | interface.[dxm.no-ip.biz:50002] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(ConnectionRefusedError(111, "Connect call failed ('77.6.34.45', 50002)"))) I/n | network | couldn't launch iface dxm.no-ip.biz:50002:s -- CancelledError() I/i | interface.[electrum2.eff.ro:50002] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(gaierror(-2, 'Name or service not known'))) I/n | network | couldn't launch iface electrum2.eff.ro:50002:s -- CancelledError() I/i | interface.[electrum.hsmiths.com:50002] | disconnecting due to: ConnectError(ConnectionResetError(104, 'Connection reset by peer')) I/n | network | couldn't launch iface electrum.hsmiths.com:50002:s -- CancelledError() I | storage.WalletStorage | wallet path /home/bene/.electrum/wallets/default_wallet I/i | interface.[bitcoin.aranguren.org:50002] | connection established. version: ['ElectrumX 1.15.0', '1.4'] I | storage.WalletStorage | wallet path /home/bene/.electrum/wallets/default_wallet I/i | interface.[bitcoin.aranguren.org:50002] | set blockchain with height 653567 I/i | interface.[bitcoin.aranguren.org:50002] | skipping header 653566 [240/1884] I/n | network | fee_estimates {25: 46526, 10: 48176, 5: 50745, 2: 50749} I/i | interface.[localhost:50002] | set blockchain with height 653567 I/i | interface.[localhost:50002] | skipping header 653567 I/n | network | fee_estimates {25: 46526, 10: 48175, 5: 50745, 2: 50749} I/p | plugin.Plugins | loaded bitbox02 I/p | plugin.Plugins | loaded coldcard I/p | plugin.Plugins | loaded digitalbitbox I/p | plugin.Plugins | loaded keepkey I/p | plugin.Plugins | loaded ledger I/p | plugin.Plugins | loaded safe_t I/p | plugin.Plugins | loaded trezor I | plugin.DeviceMgr | scanning devices... D | util.profiler | DeviceMgr.scan_devices 0.0244 W | gui.qt.installwizard.InstallWizard | error getting device infos for bitbox02: Missing libraries for bitbox02. // Make sure you install it with python3 W | gui.qt.installwizard.InstallWizard | error getting device infos for coldcard: Missing libraries for coldcard. // Make sure you install it with python3 W | gui.qt.installwizard.InstallWizard | error getting device infos for keepkey: Missing libraries for keepkey. // Make sure you install it with python3 W | gui.qt.installwizard.InstallWizard | error getting device infos for ledger: Missing libraries for ledger. // Make sure you install it with python3 W | gui.qt.installwizard.InstallWizard | error getting device infos for safe_t: Missing libraries for safe_t. // Make sure you install it with python3 I | plugins.trezor.qt.Plugin | connecting to device at webusb:001:3 I | plugins.trezor.qt.Plugin | connected to device at webusb:001:3 I | plugin.DeviceMgr | Registering My TREZOF3342BDD7C90C7F9FBA58136 I | plugin.DeviceMgr | scanning devices... D | util.profiler | DeviceMgr.scan_devices 0.0388 I/i | interface.[localhost:50002] | skipping header 653567 qt.qpa.xcb: QXcbConnection: XCB error: 3 (BadWindow), sequence: 4028, resource id: 14687032, major code: 40 (TranslateCoords), minor code: 0 I | plugin.DeviceMgr | scanning devices... D | util.profiler | DeviceMgr.scan_devices 0.0407 
This is the point where the window freezes. Then I precc `Ctrl+C` to send a SIGINT signal and then this is the rest of the logs:
I/n | network | couldn't launch iface technetium.network:50002:s -- TimeoutError() I/n | network | couldn't launch iface e2.keff.org:50002:s -- TimeoutError() I/n | network | couldn't launch iface electrum-server.ninja:50002:s -- TimeoutError() I/n | network | couldn't launch iface xray587.startdedicated.de:50002:s -- TimeoutError() I/n | network | couldn't launch iface electrum.mindspot.org:50002:s -- TimeoutError() I/i | interface.[electrum.leblancnet.us:50002] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(gaierror(-2, 'Name or service not known'))) I/n | network | couldn't launch iface electrum.leblancnet.us:50002:s -- CancelledError() I/i | interface.[ex01.axalgo.com:50002] | succeeded in getting cert I/i | interface.[electrumx.schulzemic.net:50002] | succeeded in getting cert ^CE | gui.qt.installwizard.InstallWizard | Traceback (most recent call last): File "/uslib/python3.8/site-packages/electrum/base_wizard.py", line 446, in on_hw_derivation xpub = self.plugin.get_xpub(device_info.device.id_, derivation, xtype, self) File "/uslib/python3.8/site-packages/electrum/plugins/trezotrezor.py", line 315, in get_xpub xpub = client.get_xpub(derivation, xtype) File "/uslib/python3.8/site-packages/electrum/plugin.py", line 362, in wrapper return run_in_hwd_thread(partial(func, *args, **kwargs)) File "/uslib/python3.8/site-packages/electrum/plugin.py", line 355, in run_in_hwd_thread return fut.result() File "/uslib/python3.8/concurrent/futures/_base.py", line 434, in result self._condition.wait(timeout) File "/uslib/python3.8/threading.py", line 302, in wait waiter.acquire() KeyboardInterrupt I/i | interface.[ex01.axalgo.com:50002] | connection established. version: ['ElectrumX 1.14.0', '1.4'] I/i | interface.[electrumx.schulzemic.net:50002] | connection established. version: ['ElectrumX 1.15.0', '1.4'] I/i | interface.[ex01.axalgo.com:50002] | set blockchain with height 653567 I/i | interface.[ex01.axalgo.com:50002] | skipping header 653567 I/n | network | fee_estimates {25: 46526, 10: 48176, 5: 50745, 2: 50749} I/i | interface.[electrumx.schulzemic.net:50002] | set blockchain with height 653567 I/i | interface.[electrumx.schulzemic.net:50002] | skipping header 653567 I/n | network | fee_estimates {25: 46526, 10: 48176, 5: 50745, 2: 50749} I/n | network | couldn't launch iface dragon085.startdedicated.de:50002:s -- TimeoutError() I/i | interface.[btc.electroncash.dk:60002] | succeeded in getting cert I/i | interface.[mxhwmwa3nt2si4ufszm24whlpkruu74jle27ys2fyjuiifbbrub6thyd.onion:50006] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(gaierror(-2, 'Name or service not known'))) I/n | network | couldn't launch iface mxhwmwa3nt2si4ufszm24whlpkruu74jle27ys2fyjuiifbbrub6thyd.onion:50006:s -- CancelledError() I/i | interface.[electrum2.villocq.com:50002] | disconnecting due to: ErrorGettingSSLCertFromServer(ConnectError(gaierror(-5, 'No address associated with hostname'))) I/n | network | couldn't launch iface electrum2.villocq.com:50002:s -- CancelledError() I/i | interface.[btc.electroncash.dk:60002] | connection established. version: ['ElectrumX 1.15.0', '1.4'] I/i | interface.[btc.electroncash.dk:60002] | set blockchain with height 653567 I/i | interface.[btc.electroncash.dk:60002] | skipping header 653567 I/n | network | fee_estimates {25: 46526, 10: 48176, 5: 50745, 2: 50749} I/i | interface.[btc.electrum.bitbitnet.net:50002] | connection established. version: ['ElectrumX 1.15.0', '1.4'] I/i | interface.[btc.electrum.bitbitnet.net:50002] | set blockchain with height 653567 [169/1884] I/i | interface.[btc.electrum.bitbitnet.net:50002] | skipping header 653567 I/n | network | fee_estimates {25: 46526, 10: 48176, 5: 50745, 2: 50749} I | plugin.DeviceMgr | scanning devices... D | util.profiler | DeviceMgr.scan_devices 0.0394 W | gui.qt.installwizard.InstallWizard | error getting device infos for bitbox02: Missing libraries for bitbox02. // Make sure you install it with python3 W | gui.qt.installwizard.InstallWizard | error getting device infos for coldcard: Missing libraries for coldcard. // Make sure you install it with python3 W | gui.qt.installwizard.InstallWizard | error getting device infos for keepkey: Missing libraries for keepkey. // Make sure you install it with python3 W | gui.qt.installwizard.InstallWizard | error getting device infos for ledger: Missing libraries for ledger. // Make sure you install it with python3 W | gui.qt.installwizard.InstallWizard | error getting device infos for safe_t: Missing libraries for safe_t. // Make sure you install it with python3 I/i | interface.[bitcoin.aranguren.org:50002] | skipping header 653567 E | daemon.Daemon | GUI raised exception: ReRunDialog(). shutting down. I | gui.qt.ElectrumGui | closing GUI I | daemon.Daemon | shutting down network I/n | network | stopping network I/n | network | couldn't launch iface electrum.hodlister.co:50002:s -- CancelledError() I/n | network | couldn't launch iface orannis.com:50002:s -- CancelledError() I/i | interface.[localhost:50002] | disconnecting due to: CancelledError() I/i | interface.[electrumx.schulzemic.net:50002] | disconnecting due to: CancelledError() I/i | interface.[ex01.axalgo.com:50002] | disconnecting due to: CancelledError() I/i | interface.[2AZZARITA.hopto.org:50006] | disconnecting due to: CancelledError() I/i | interface.[btc.electroncash.dk:60002] | disconnecting due to: CancelledError() I/i | interface.[electrum3.hodlister.co:50002] | disconnecting due to: CancelledError() I/i | interface.[btc.electrum.bitbitnet.net:50002] | disconnecting due to: CancelledError() I/i | interface.[bitcoin.aranguren.org:50002] | disconnecting due to: CancelledError() I/n | network | taskgroup stopped. I | daemon.Daemon | stopping taskgroup I | daemon.Daemon | taskgroup stopped. I | daemon.Daemon | removing lockfile I | daemon.Daemon | stopped E | __main__ | daemon.run_gui errored Traceback (most recent call last): File "/uslib/python3.8/site-packages/electrum/gui/qt/installwizard.py", line 118, in func_wrapper run_next(*out) File "/uslib/python3.8/site-packages/electrum/base_wizard.py", line 193, in on_wallet_type self.run(action) File "/uslib/python3.8/site-packages/electrum/base_wizard.py", line 115, in run f(*args, **kwargs) File "/uslib/python3.8/site-packages/electrum/base_wizard.py", line 225, in choose_keystore self.choice_dialog(title=title, message=message, choices=choices, run_next=self.run) File "/uslib/python3.8/site-packages/electrum/gui/qt/installwizard.py", line 106, in func_wrapper out = func(*args, **kwargs) File "/uslib/python3.8/site-packages/electrum/gui/qt/installwizard.py", line 594, in choice_dialog self.exec_layout(vbox, title) File "/uslib/python3.8/site-packages/electrum/gui/qt/installwizard.py", line 429, in exec_layout raise GoBack from None electrum.base_wizard.GoBack The above exception was the direct cause of the following exception: Traceback (most recent call last): File "/usbin/electrum", line 380, in  d.run_gui(config, plugins) File "/uslib/python3.8/site-packages/electrum/daemon.py", line 566, in run_gui self.gui_object.main() File "/uslib/python3.8/site-packages/electrum/gui/qt/__init__.py", line 363, in main if not self.start_new_window(path, self.config.get('url'), app_is_starting=True): File "/uslib/python3.8/site-packages/electrum/gui/qt/__init__.py", line 247, in wrapper return func(self, *args, **kwargs) File "/uslib/python3.8/site-packages/electrum/gui/qt/__init__.py", line 271, in start_new_window wallet = self._start_wizard_to_select_or_create_wallet(path) File "/uslib/python3.8/site-packages/electrum/gui/qt/__init__.py", line 313, in _start_wizard_to_select_or_create_wallet wizard.run('new') File "/uslib/python3.8/site-packages/electrum/base_wizard.py", line 115, in run f(*args, **kwargs) File "/uslib/python3.8/site-packages/electrum/base_wizard.py", line 153, in new self.choice_dialog(title=title, message=message, choices=choices, run_next=self.on_wallet_type) File "/uslib/python3.8/site-packages/electrum/gui/qt/installwizard.py", line 131, in func_wrapper raise ReRunDialog() from e electrum.base_wizard.ReRunDialog I/p | plugin.Plugins | stopped 
submitted by bIacktemplar to Electrum [link] [comments]

How to purchase and exchange your litecoin! (longer read)

This post will show you the best ways to buy litecoins using many different payment methods and exchanges for each method.
Before you start, make sure you have a good litecoin wallet to store your LTC. NEVER store your litecoins on a crypto exchange.

Popular Exchanges

eToro
Coinbase
Coinmama

Buy Litecoin with Credit Card or Debit Card

Let’s dive into some of the exchanges supporting Litecoin credit card purchases.
These exchanges are our favorite ways to buy.

Coinbase

Coinbase is the easiest way to buy litecoins with a credit card.
Coinbase is available in the United States, Canada, Europe, UK, Singapore, and Australia.
The fees will come out to 3.99% per purchase.
Here is a good video that can help walk you through the process of buying on Coinbase, although it’s fairly easy.

Coinmama

Coinmama recently added the ability to buy litecoin directly on the platform. Users from nearly any country in the world can use Coinmama to buy litecoins.
Coinmama has some of the highest limits among credit card exchanges.

BitPanda

BitPanda is based in Austria and is a crypto brokerage service. You can buy using a credit card from most European countries.

CEX.io

CEX.io is based in the UK and is one of the oldest crypto exchanges online.
CEX.io supports litecoin and its users from nearly anywhere in the world can buy litecoin with credit card on the platform.

Buy Litecoin with Bank Account or Bank Transfer

Coinbase

Coinbase is the easiest way to buy litecoins with a bank account or transfer.
Coinbase, like is is for credit cards, is available in the United States, Canada, Europe, UK, Singapore, and Australia.
Coinbase is one of primary exchanges used to buy Litecoins.
Americans can use ACH transfer (5–7 days wait), and Europeans can use SEPA transfer (1–3 days wait).
The fees will come out to 1.49% per purchase.

BitPanda

BitPanda is based in Austria and is a crypto brokerage service. You can buy using SEPA transfer from most European countries. You can also use SOFORT, NETELLER, or GiroPay.

CEX.io

CEX.io also supports litecoin buys via bank account. This is via wire transfer for US citizens, SEPA for Europe, and SWIFT for the rest of the globe.

Binance

Binance is now one of the largest if not the largest cryptocurrency exchange in the world. It supports bank and card purchases of Litecoin as well as Litecoin trading pairs with Bitcoin and Etehreum.

Get a Litecoin Wallet

Before we move onto other options:
Never store your litecoins on an exchange!
Always withdrawal your litecoin to an offline cryptocurrency wallet like the Ledger Nano S or any other wallet that you control.
The Ledger Nano S and TREZOR are the best options for secure storage.

Other Methods to Buy Litecoin

If you don’t have a card or want to avoid the high fees, you can use the following methods to buy Litecoin as well.
Find out which one works best for you.

Buy Litecoin with PayPal

Unfortunately, there is no easy way to buy Litecoin with PayPal. Other sites will tell you that cex allows for this, but that is no longer the case.
You can, however, now use eToro to buy Litecoin, unless you live in the United States.
If you live in the US, the only way to buy Litecoin with Paypal is to buy Bitcoin using paypal, and then use the Bitcoins to buy Litecoin. You can easily buy Bitcoin using Paypal on Local Bitcoins. Once you have Bitcoin, you can use an exchange like Coinbase Pro to swap the Bitcoin for Litecoin.

Buy Litecoin with Cash

There is no good way to buy litecoins with cash. LocalBitcoins is the most popular way to buy bitcoins with cash, and it does not have Litecoin support. Other popular cash to Bitcoin exchanges like BitQuick and Wall of Coins also do not support LTC. So you will have to first buy bitcoins with cash then exchange them for LTC using the method described below.
The same goes for Bitcoin ATMs. Most do not support Litecoin. So if you want to buy litecoins at a Bitcoin ATM you first have to buy bitcoins and then trade the BTC for litecoins.

Buy Litecoin with Bitcoin

If you already have Bitcoins then it is VERY simple to convert some of your BTC to litecoins.
You just need to find an exchange with the LTC/BTC pair, which is most exchanges since LTC/BTC is a very popular pair to trade.

Buy Litecoin with Skrill

BitPanda, mentioned above, also accepts Skrill payments for LTC. The fees will vary and are simply included in your buy price.

Cryptmixer

Cryptmixer is probably the fastest way to convert BTC to Litecoin. You just enter the amount of LTC you want to buy, and give them a LTC address. Then they will tell you how much BTC to send to their address. Once your BTC is sent, you will have LTC delivered to your wallet very shortly after.

Buy Litecoin with Ethereum

Ethereum has experienced a massive price rise. Nearly a year ago it was $10, and now at over $500, many want to move some of their ETH gains into other coins like Litecoin.
Litecoin has very good liquidity, and is very popular among traders especially in China.
So this guide is going to show you how to buy litecoins with Ethereum. We will show some of the best exchanges you can use, and the pros and cons of using different types of exchanges over the other.

Cryptmixer

Cryptmixer is one of the most unique exchanges, and also one of the fastest ways to convert your ETH to LTC.
With Cryptmixer you do not even need to store your money with the exchange, meaning you are at very little risk of getting your funds stolen.
With Cryptmixer you simply specify the amount of LTC you want to buy, and specific the address to where your litecoins should be sent and within 30 minutes you will have LTC delivered to your wallet.

Poloniex

Poloniex is the world’s largest altcoin exchange. However, there is a huge downside to using Poloniex to convert your ETH to LTC:
Poloniex does not have a LTC/ETH market, meaning you have to first trade your ETH to BTC, and then trade your BTC for LTC.
While this method works, you will have to make multiple trades and also pay fees twice.

ShapeShift

Shapeshift is basically the same as Cryptmixer, and was actually the first company to come up with the concept of an exchange that does not hold your own funds.

Frequently Asked Questions About Buying Litecoin

Many of you may still have lots of questions about how to buy Litecoin.
Odds are we have answered almost any question you could think of below.
We will aim to answer many of the most common questions relating to buying Litecoin.

Why are there limited options to buying Litecoin using other altcoins?

The issue in all crypto markets is liquidity. As the space gets bigger, the liquidity also gets better. But as of now, the only VERY liquid cryptocurrency is Bitcoin. So exchanging two altcoins between each other is often harder than if BTC was involved on one side of the trade.

How much is a Litecoin worth?

Like all currencies, the value of Litecoin changes every second. The value of Litecoin also depends on the country you are in and the exchange you are trading on. You can find the most up to date price on Coinbase.

How do I buy Ripple (XRP) with Litecoin?

The best way to buy Ripple using Litecoin is to either use a non KYC exchange like Cryptmixer or start an account on Binance or Coinbase Pro and sell your Litecoin for Ripple. Look for LTC/XRP trading pairs, and make your trade.

How long does Litecoin take to confirm?

Litecoin blocks are added ever 2 and a half minutes. That means you should get one confirmation every two and a half minutes. This can vary if it takes miners longer to discover a block, but the difficulty of the finding a block should change proportionate to the hashing power on the network so that a block gets added approximately every 2.5 minutes.
If you are trying to send money to a merchant, they may require more than one confirmation before they send you products. If you are depositing on an exchange, they may also require three or more confirmations before they credit your account.

How many Litoshis make one Litecoin?

one hundred million (100,000,000) Litoshis make one (1) Litecoin.

Where do I store Litecoin?

The best place to store litecoin is on a hardware wallet. You can find the best one for you on our page dedicated to hardware wallets.

When is the Litecoin halving?

The expected date of the next Litecoin block reward halving is August 7th, 2023.

Why can litecoin take so long to buy?

Litecoin can take long to buy because the legacy banking system is very slow. If you are buying with another cryptocurrency, you will see how fast it is to buy!
Bank transfer in the USA, for example, take about 5 days to complete. So any purchase of Litecoin made with a US bank transfer will take a minimum of 5 days.

How do I buy Litecoin with Paypal?

Unfortunately, there is no easy way to buy Litcoin with PayPal. Other sites will tell you that cex allows for this, but that is no longer the case.
You can, however, now use eToro to buy Litcoineum, unless you live in the United States.
If you live in the US, the only way to buy Litcoin with Paypal is to buy Bitcoin using paypal, and then use the Bitcoins to buy Litcoin. You can easily buy Bitcoin using Paypal on Local Bitcoins. Once you have Bitcoin, you can use an exchange like Cryptmixer to swap the Bitcoin for Litcoin.

Can you buy partial litecoins?

Yes, litecoin, like Bitcoin, is divisible to many decimal places so you can buy 0.1 LTC, 0.001 LTC, etc.

Can you sell litecoin?

Yes, you can sell LTC on most of the exchanges mentioned above. The fees, speed, and privacy is the same in most cases.

Can anyone buy litecoins?

Anyone is free to buy litecoins, as long as you find an exchange that supports your country. Most cryptocurrency wallets do not require ID to sign up so you can always make a wallet and get paid in litecoin, too.

Which payment method is best to use?

For speed, credit card will likely be fastest. For larger amounts, bank transfer is best. For privacy, it’s best to buy bitcoins with cash and then trade for litecoins using Cryptmixer or Shapeshift.

Is it better to mine or buy litecoins?

If you have cheap electricity, it might be worth it to mine litecoins. If you have solar power or just want to mine for fun then it could be worth it. Otherwise, it’s probably better just to buy.
Mining is constantly changing and small changes in Litecoin price or electricity can greatly affect your profitability.

What should I do with my litecoins once I buy?

You should immediately move your litecoins into a secure wallet. You should never leave your litecoins on an exchange. There have been countless hacks in cryptocurrency since Bitcoin was created in 2009. Hundreds of thousands of people have lost money. So buy your litecoins, and then instantly send them into a wallet you control so you are not at risk of losing money to a hack or scam.
submitted by MonishaNuij to MonMonCrypto [link] [comments]

Here is how to play the altcoin game - for newbies & champs

I have been here for many previous altcoin seasons (2013,2017 etc) and wanted to share knowedle. It's a LOOONG article.
The evaluation of altcoins (i.e not Bitcoin) is one of the most difficult and profitable exercises. Here I will outline my methodology and thinking but we have to take some things as a given. The first is that the whole market is going up or down with forces that we can't predict or control. Bitcoin is correlated with economic environments, money supply increases, safe havens such as Gold, hype and country regulations. This is an impossible mix to analyze and almost everyone fails at it. That's why you see people valuing Bitcoin from $100 to $500k frequently. Although I am bullish on the prospects of Bitcoin and decentralization and smart contract platforms, this is not the game I will be describing. I am talking about a game where you try to maximize your BTC holdings by investing in altcoins. We win this game even if we are at a loss in fiat currency value. To put it another way:
If you are not bullish in general on cryptocurrencies you have no place in investing or trading cryptocurrencies since it's always a losing proposition to trade in bubbles, a scientifically proven fact. If on the other hand you are then your goal is to grow your portfolio more than you would if holding BTC/ETH for example.

Bitcoin is the big boy

How the market works is not easily identifiable if you haven't graduated from the 2017 crypto university. When there is a bull market everything seems amazingly profitable and things keep going up outgrowing Bitcoin by orders of magnitude and you are a genius. The problem with this is that it only works while Bitcoin is going up a little bit or trades sideways. When it decides to move big then altcoins lose value both on the way up and on the way down. The second part is obvious and proven since all altcoins from 2017 are at a fraction of their BTC value (usually in the range of 80% or more down). Also, when BTC is making a big move upwards everyone exits altcoins to ride the wave. It is possible that the altcoin market behaves as an inversed leveraged ETF with leakage where in a certain period while Bitcoin starts at 10k and ends at 10k for example, altcoins have lost a lot of value because of the above things happening.

We are doing it anyway champ!

OK so we understand the risks and just wanna gambol with our money right? I get it. Why do that? Because finding the ideal scenario and period can be extremely profitable. In 2017 several altcoins went up 40x more than BTC. But again, if you don't chose wisely many of them have gone back to zero (the author has first hand experience in this!), they have been delisted and nobody remembers them. The actual mentality to have is very important and resembles poker and other speculative games:
A certain altcoin can go up in value indefinitely but can only lose it's starting investment. Think about it. You either lose 1 metric or gain many many more. Now that sounds amazing but firstly as we said we have the goal to outperform our benchmark (BTC) and secondly that going up in value a lot means that the probability is quite low. There is this notion of Expected Value (EV) that poker players apply in these kind of situations and it goes like that. If you think that a certain coin has a probability let's say 10% to go up 10X and 90% probability it goes to zero it's an even bet. If you think that probability is 11% then it's a good bet, a profitable bet and you should take it. You get the point right? It's not that it can only go 10X or 0X, there is a whole range of probability outcomes that are too mathematical to explain here and it doesn't help so much because nobody can do such analysis with altcoins. See below on how we can approximate it.

How to evaluate altcoins

A range of different things to take into account outlined below will form our decision making. Not a single one of them should dictate 100% of our strategy.

Basics

It's all about market cap. Repeat after me. The price of a coin doesn't mean anything. Say it 10 times until you believe it. I can't remember how many times I had conversations with people that were comparing coins using their coin price instead of their market cap. To make this easy to get.
If I decide because the sky is blue to make my coin supply 100 Trillion FoolCoins with a price of $0.001 and there is another WiseCoin with a supply of 100 Million and price of $1 then FoolCoins are more expensive. - Alex Fin's Cap Law

Fundamental analysis

This is done usually in the stock world and it means that each company has some fundamental value that includes it's assets, customers, growth prospects, sector prospects and leadership competence but mostly centered in financial measures such as P/E ratios etc. Valuation is a proper economic discipline by itself taught in universities. OK, now throw everything out of the window!.
This kind of analysis is impossible in vague concepts and innovations that are currently cryptocurrencies. Ethereum was frequently priced at the fictional price of gas when all financial systems on earth run on the platform after decades (a bit of exaggeration here). No project is currently profitable enough to justify a valuation multiple that is usually equal to P/E in the thousands or more. As such we need to take other things into account. What I do is included in the list below:

Relative valuation

One of my favorite ways to value altcoins that is based on the same principle in the stock market is to look at peers and decide what is the maximum cap it can grow to. As an example you take a second layer Ethereum solution that has an ICO and you want to decide if you will enter or not. You can take a look at other coins that are in the same business and compare their market caps. Thinking that your coin will outperform by a lot the top coins currently is overly optimistic so I usually take a lower valuation as a target price. If the initial offering is directly implying a valuation that is more than that then there is no room to grow according to my analysis and I skip it. Many times this has proven me wrong because it's a game theory problem where if many people think irrationally in a market it becomes a self-fulfilling prophecy. But since there is opportunity cost involved, in the long run, getting in initial offerings that have a lot of room to grow will pay off as a strategy.

Sector prospects

In 2017 the sexiest sector was platforms and then coins including privacy ones. Platforms are obviously still a highly rated sector because everything is being built on them, but privacy is not as hot as it used to be. In 2018 DEXes were all they hype but still people are massively using centralized exchanges. In 2020 Defi is the hottest sector and it includes platforms, oracles and Defi projects. What I am saying is that a project gets extra points if it's a Defi one in 2020 and minus points if it's a payment system that will conquer the world as it was in 2017 because that's old news. This is closely related to the next section.

Hype

Needless to say that the crypto market is a worse FOMO type of inexperienced trigger happy yolo investors , much worse than the Robinhood crowd that drove a bankrupt company's stock 1200% after they declared bankruptcy. The result is that there are numerous projects that are basically either vaporware or just so overhyped that their valuation has no connection to reality. Should we avoid those kind of projects? No and I will explain why. There are many very good technically projects that had zero hype potential due to incompetent marketing departments that made them tank. An example (without shilling because I sold out a while back) is Quantum Resistant Ledger. This project has amazing quantum resistant blockchain, the only one running now, has a platform that people can build tokens and messaging systems and other magnificent stuff. Just check how they fared up to now and you will get the point. A project *needs* to have a hype factor because you cannot judge it as normal stocks that you can do value investing like Warren Buffet does where a company will inevitable post sales and profitability numbers and investors will get dividends. Actually the last sentence is the most important: No dividends. Even projects that give you tokens or coins as dividends are not real dividends because if the coin tanks the value of the dividend tanks. This is NOT the case with company stocks where you get dollars even if the company stock tanks. All that being said, I would advice against betting on projects that have a lot of hype but little substance (but that should be obvious!).

How to construct your portfolio

My strategy and philosophy in investing is that risk should be proportional to investment capital. That means that if you are investing 100K in the crypto market your portfolio should be very different than someone investing 1K because 10% annual gains are nothing in the latter while they are very significant in the former. Starting from this principle each individual needs to construct a portfolio according to how much risk he wants to take. I will emphasize two important concepts that play well with what I said. In the first instance of a big portfolio you should concentrate on this mantra: "Diversification is the only free meal in finance". In the case of a small portfolio then this mantra is more important: "Concentrate to create wealth, diversify to maintain wealth". Usually in a big portfolio you would want to hold some big coins such as BTC and ETH to weather the ups and downs explained in previous paragraphs while generating profits and keep progressively smaller parts of your portfolio for riskier investments. Maybe 50% of this portfolio could be big caps and 10% very risky initial offerings. Adapting risk progressively to smaller portfolios makes sense but I think it would be irrational to keep more than 30% of a portfolio no matter what tied to one coin due to the very high risk of bankruptcy.

Conclusion

The altseason is supposedly coming every 3 months. Truth is that nobody can predict it but altcoins can be profitable no matter what. Forget about maximalists who are stuck in their dogmas. Altcoins deliver different value propositions and it makes sense because we are very far from a situation where some project offers everything like Amazon and we wouldn't even want that in the first place since we are talking about decentralization and not a winner takes all and becomes a monster kind of scenario! Some last minute advice:
P.S If you find value in reading this and want more weekly consider subscribing to my newsletter here
submitted by aelaos1 to CryptoCurrency [link] [comments]

[ Bitcoin ] Anonymity of Bitcoin by mixing

Topic originally posted in Bitcoin by vasiliydyt [link]
Anonymity of Bitcoin
If you think Bitcoin is an anonymous cryptocurrency… you are totally wrong. Despite the high level of anonymity of Bitcoin, you should understand that thanks to the blockchain technology, the use of crypto currency is also fairly transparent. Knowing where you expect the payment, or from which address you make it, outsiders can easily track the movement of your funds.
Many e-currency exchange points and crypto-exchange exchanges often require the verification of your identity, which will ultimately make your personal data public in varying degrees. Some people using Bitcoin are looking to get a real privacy and this is where bitcoin mixing service websites are useful.
What is Bitcoin Mixing?
Bitcoin tumbling, also referred to as Bitcoin mixing or Bitcoin laundering, is the process of using a third party service to break the connection between a Bitcoin sending address and the receiving address(es).
In other words, coin mixing services take your cash and give you new cash to your secret identity so that it remains secret.
Conclusions
It’s important that they be trusted. There’s no authority or government you can complain to if they run off with your coins. So if you like privacy and also want to protect your cryptocurrency from government tracking or tracing, Bitcoin mixer services are a good option.
Let’s look at the best services of Bitcoin mixing:
UltraMixer
UltraMixer using the mixing of multiple Bitcoin addresses. Our system works quickly and with a small commission – only after the transfer and receipt of funds to the final address. Of course, all of the data about your transaction will be irretrievably deleted.

CoinMixer
Coinmixer is one of the best bitcoin mixers on both the clearnet and the dark web. Having multiple privacy features from random delays to optional multiple output addresses. They offer a signed letter of guarantee with every transaction, that may be used for tax purposes, or proof of receipt in the event your bitcoins are lost or stolen.
BitMixer
One of the oldest and most reliable services. BitMixer offers a unique service with a high degree of confidentiality, which will ensure the anonymity of your payments. This service is designed to be as intuitive as possible. The whole process of bitcoin anonymization should not take more than a few minutes.
ChipMixer
Many people compare mixing services like ChipMixer to banking services in countries like Panama, the Cayman Islands, and the Bahamas. Every day, people move their fiat currencies through banks in these countries because they have stricter secrecy laws. ChipMixer works in a similar way.
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Why i’m bullish on Zilliqa (long read)

Edit: TL;DR added in the comments
 
Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analyzed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk-reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralized and scalable in my opinion.
 
Below I post my analysis of why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise, just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction
 
The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since the end of January 2019 with daily transaction rates growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralized and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. The maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realized early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralized, secure, and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in the amount of nodes. More nodes = higher transaction throughput and increased decentralization. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue dissecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour, no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts, etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as: “A peer-to-peer, append-only datastore that uses consensus to synchronize cryptographically-secure data”.
 
Next, he states that: "blockchains are fundamentally systems for managing valid state transitions”. For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber, and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa, this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network, etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever-changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralized and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimization on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and the University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (66%) double-spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT, etc. Another thing we haven’t looked at yet is the amount of decentralization.
 
Decentralisation
 
Currently, there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so-called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralized nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics, you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching its transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end-users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public. They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public-facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers. The 5% block rewards with an annual yield of 10.03% translate to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non-custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS; shard nodes and seed nodes becoming more decentralized too, Zilliqa qualifies for the label of decentralized in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. The faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time-stamped so you’ll start right away with a platform introduction, roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalized: programming languages can be divided into being ‘object-oriented’ or ‘functional’. Here is an ELI5 given by software development academy: * “all programs have two basic components, data – what the program knows – and behavior – what the program can do with that data. So object-oriented programming states that combining data and related behaviors in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behavior are different things and should be separated to ensure their clarity.” *
 
Scilla is on the functional side and shares similarities with OCaml: OCaml is a general-purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognized by academics and won a so-called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise, it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts, it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa or Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue: In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships
 
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organizations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggests that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already take advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, Airbnb, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are built on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human-readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They don't just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data, it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community-run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non-custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiative (correct me if I’m wrong though). This suggests in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real-time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding of what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures, Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
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The next XVG? Microcap 100x potential actually supported by fundamentals!

What’s up team? I have a hot one for you. XVG returned 12 million percent in 2017 and this one reminds me a lot of it. Here’s why:
Mimblewimble is like Blu-Ray compared to CD-ROM in terms of its ability to compress data on a blockchain. The current BTC chain is 277gb and its capacity is limited because every time you spend a coin, each node needs to validate its history back to when it was mined (this is how double spending is prevented). Mimblewimble is different - all transactions in a block are aggregated and netted out in one giant CoinJoin, and only the current spending needs to be verified. This means that dramatically more transactions can fit into a smaller space, increasing throughput and lowering fees while still retaining the full proof of work game theory of Bitcoin. These blockchains are small enough to run a full node on a cheap smartphone, which enhances the decentralization and censorship resistance of the network.
The biggest benefit, though, is that all transactions are private - the blockchain doesn’t reveal amounts or addresses except to the actual wallet owner. Unlike earlier decoy-based approaches that bloat the chain and can still be data mined (XMR), Mimblewimble leaves no trace in the blockchain, instead storing only the present state of coin ownership.
The first two Mimblewimble coins, Grin and Beam, launched to great fanfare in 2019, quickly reaching over $100m in market cap (since settled down to $22m and $26m respectively). They are good projects but grin has infinite supply and huge never-decreasing emission, and Beam is a corporate moneygrab whose founding investors are counting on you buying for their ROI.
ZEC is valued at $568m today, despite the facts that only 1% of transactions are actually shielded, it has a trusted setup, and generating a confidential transaction takes ~60 seconds on a powerful PC. XMR is a great project but it’s valued at $1.2b (so no 100x) and it uses CryptoNote, which is 2014 tech that relies on a decoy-based approach that could be vulnerable to more powerful computers in the future. Mimblewimble is just a better way to approach privacy because there is simply no data recorded in the blockchain for companies to surveil.
Privacy is not just for darknet markets, porn, money launderers and terrorists. In many countries it’s dangerous to be wealthy, and there are all kinds of problems with having your spending data be out there publicly and permanently for all to see. Namely, companies like Amazon are patenting approaches to identify people with their crypto addresses, “for law enforcement” but also so that, just like credit cards, your spending data can be used to target ads. (A) Coinbase is selling user data to the DEA, IRS, FBI, Secret Service, and who knows who else? (B) What about insurance companies raising your premiums or canceling your policy because they see you buying (legal) cannabis? If your business operates using transparent cryptocurrency, competitors can data mine your customer and supply chain data, and employees can see how much everyone else gets paid. I could go on, but the idea of “I have nothing to hide, so what do I care about privacy?” will increasingly ring hollow as people realize that this money printing will have to be paid by massive tax increases AND that those taxes will be directly debited from their “Central Bank Digital Currency” wallets.
100% privacy for all transactions also eliminates one HUGE problem that people aren’t aware of yet, but they will be: fungibility. Fungibility means that each coin is indistinguishable from any other, just like paper cash. Why is this important? Because of the ever-expanding reach of AML/KYC/KYT (Anti-Money Laundering / Know Your Customer / Know Your Transaction) as regulators cramp down on crypto and banks take over, increasingly coins become “tainted” in various ways. For example, if you withdraw coins to a mixing service like Wasabi or Samourai, you may find your account blocked. (C) The next obvious step is that if you receive coins that these chainalysis services don’t like for whatever reason, you will be completely innocent yet forced to prove that you didn’t know that the coins you bought were up to no good in a past life. 3 days ago, $100k of USDC was frozen. (D) Even smaller coins like LTC now have this problem, because “Chinese Drug Kingpins” used them. (E) I believe that censorable money that can be blocked/frozen isn’t really “your money”.
Epic Cash is a 100% volunteer community project (like XVG and XMR) that had a fair launch in September last year with no ICO and no premine. There are very few projects like this, and it’s a key ingredient in Verge’s success (still at $110m market cap today despite being down 97% since the bubble peak) and why it’s still around. It has a small but super passionate community of “Freemen” who are united by a belief in the sound money economics of Bitcoin Standard emission (21m supply limit and ever-decreasing inflation) and the importance of privacy.
I am super bullish on this coin for the following reasons:
Because it doesn’t have a huge marketing budget in a sea of VC-funded shitcoins, it is as-yet undiscovered, which is why it’s so cheap. There are only 4 Mimblewimble-based currencies on the market: MWC at $162m, BEAM at $26m, GRIN at $22m, and EPIC at $0.4m. This is not financial advice and as always, do your own research, but I’ve been buying this gem for months and will continue to.
This one ticks all the boxes for me, the only real problem is that it’s hard to buy much without causing a huge green candle. Alt season is coming, and coins like this are how your neighbor Chad got his Lambo back in 2017. For 2021, McLaren is a better choice and be sure to pay cash so that it doesn’t get repossessed like Chad!
  1. A https://www.vice.com/en_us/article/d35eax/amazon-bitcoin-patent-data-stream-identify-cryptocurrency-for-law-enforcement-government
  2. B https://decrypt.co/31461/coinbase-wants-to-identify-bitcoin-users-for-dea-irs
  3. C https://www.coindesk.com/binance-blockade-of-wasabi-wallet-could-point-to-a-crypto-crack-up
  4. D https://cointelegraph.com/news/centre-freezes-ethereum-address-holding-100k-usdc
  5. E https://www.coindesk.com/us-treasury-blacklists-bitcoin-litecoin-addresses-of-chinese-drug-kingpins
  6. F https://www.youtube.com/channel/UCWkTxl5Z6DNN0ASMRxSKV5g
  7. G http://epic.tech/whitepaper
  8. H https://medium.com/epic-cash/epic-cash-on-uniswap-22447904d375
  9. I https://epic.tech/wp-content/uploads/2019/09/figure-3.1.jpg
Links:
submitted by pinchegringo to CryptoMoonShots [link] [comments]

The MXC Weekly Reports (September 21-September 25)

The MXC Weekly Reports (September 21-September 25)
MXC Exchange ( www.mxc.com ) is a world-leading digital assets trading platform. We aim at providing Secure, Convenient, Smart blockchain assets trading service, covering the market and price of cryptocurrencies including Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), EOS, etc. Below are the weekly reports from September 21 to September 25, including major activities and some new listings on MXC.
https://i.redd.it/1x2tlnw648p51.gif
Major Activities:
1. The 17th MXC Contract Trading Activity is held from 12:00 September 24 to 12:00 September 26 (UTC+8). The user whose earning rate ranked first and met the requirements can get Canon EOS6D full-frame legendary 26.2 million pixel SLR camera. Besides, there are other rewards.
2.MXC launches “the ROAD Token Proposal Voting with 50,000 ROAD Giveaway” from 14:00, September 24 to 14:00, September 27 (UTC+8).Users who participate in the ROAD token proposal can share 50,000 ROAD rewards.
3.MXC launches a new session of the "Deposit for Listing" campaign of Xfinance(XFI)and Burger Swap (BURGER) from 11:00 September 23 to 11:00 September 25 (UTC+8).Users can deposit XFI or BURGER token to MXC during the observation period. The project with deposit persons over 300 can be listed on MXC once the technical connection completes.
  1. MXC launches NEO - DeFi Mining Product. Users can mine FLM(Flamingo)token reward by locking NEO.
5.MXC has now launched the NFT special zone in spot trading and NFT index products, and MXC will launch an "NFT Session Trading Contest with 16,000 MX Giveaway" from 10:00 September 24 - 24:00 September 26 (UTC+8).
6.MXC will launch AVAXUSDT perpetual contract on the Futures module at 16:00(UTC+8) on September 23 and hold AVAXUSDT Perpetual Contract Trading Contest with 2,000 MX Giveaway from 16:00 September 23 to 16:00 September 24, 2020 (UTC+8). Users who trade AVAXUSDT perpetual contract with minimal open positions no less than 5,000 cont can share the 2,000 MX in proportion to the cumulative opened positions.
7.MXC launches UNII Net Deposit Contest with 20,000 MX Giveaway from 17:00 September 22, 2020 -17:00 September 24, 2020 (UTC+8). Users who deposit UNII to MXC can share the 20,000 MX token rewards.
8.MXC launches a new session of the "Deposit for Listing" campaign of "NFT Special Session" from 16:30, September 21 to 16:30, September 22 (UTC+8). The tokens in session are MEME (Meme), WHALE (WHALE), Aavegotchi (GHST), Rarible (RARI). Users can deposit MEME (Meme), WHALE (WHALE), Aavegotchi (GHST), or Rarible (RARI) token to MXC during the observation period. The project with deposit persons over 300 can be listed on MXC once the technical connection completes.
9.MXC launches UNI Leveraged ETF and UNIUSDT Trading Contest with 30,000 ECELL giveaway from 18:00, September 19 to 24:00, September 21 UTC+8.
10.The 14th Session M-Day program is coming. The project for this session is ECELL. M-Day Program is a series of activities held on MXC Exchange for mainstream crypto traders/holders. In this session, holders of USDT or major cryptos traders can enjoy discounted ECELL. The ticket-claim time 10:30 - 21:00(UTC+8), September 22 (Eligible users can claim the lottery ticket during the period. )
11.MXC launches the 3rd session"Voting to Extend the Assessment Periods and Share Trading Fee" activity from 09:00 to 17:00, September 21, 2020 (UTC+8). Users can vote for their supported projects in the Assessment zone through MX to extend the assessment periods, and share the trading fee.
New Listing
Spot Trading:
https://preview.redd.it/8w8csdr708p51.png?width=1301&format=png&auto=webp&s=d0d936e422a70e0ea97bb2a8decedb377d431d44
Perpetual Contract: MXC launches AVAXUSDT perpetual contract.
Leveraged ETF Products: MXC launches BLZ3L and BLZ3S, AVAX3L and AVAX3S Leveraged ETF products.
Merge: MXC Merges the Shares of BAL3L, CRV3L, RLC3L, YFI3L, ETC3L, COMP3L, and KNC3L.
Others:
1.MXC launches the NFT (Non-Fungible Tokens) Index at 18:30 (UTC+8), September 21. The Index samples are MANA, COCOS, FFF, ATTN.
2.The NFT zone is now available in MXC APP. The zone projects include WHALE (WHALE), GHST (Aavegotchi), RARI (Rarible), MANA (Decentraland), COCOS (Cocos-BCX), FFF (Force For Fast), ATTN (ATTN).
submitted by MXC_Exchange to MXCexchange [link] [comments]

The MXC Weekly Reports (September 14-September 18)

The MXC Weekly Reports (September 14-September 18)
MXC Exchange ( www.mxc.com ) is a world-leading digital assets trading platform. We aim at providing Secure, Convenient, Smart blockchain assets trading service, covering the market and price of cryptocurrencies including Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), EOS, etc. Below are the weekly reports from September 14 to September 18, including major activities and some new listings on MXC.
https://preview.redd.it/cmrriz89ptn51.jpg?width=875&format=pjpg&auto=webp&s=b64e10bd5002dbf06b21d2cfa1d3df6bb7607b20
Major Activities:
1.The 2nd session DeFi Mining goes live at 11:00 UTC+8, September 14. Users can lock MX or USDT to mine DeFi tokens.
2.MXC launches IOST - DeFi Mining Product on September 14. Users can mine PPT token rewards by locking IOST.
3.MXC launches SUN - DeFi Mining Product on September 14. Users can mine TIG (TigerSwap) token rewards by locking the SUN.
4.MXC launches the "Locking GXC to Mine GOF" campaign on September 14, and users lock GXC can get GOF mining rewards.
5.MXC launches the 1st session "Locking MX to Mine New Coin" activity at 18:00 UTC+8, September 16. There will be 62,500 FRONT token rewards in this session for users who lock MX tokens. In this session, there is no platform hard cap, and 300 million MX tokens were locked within 70 minutes.
6.The 16th MXC contract trading activity is held from 14:00, Sep.15 to 18:00, Sep.16 (UTC+8). The user whose earning rate ranked first and met the requirements can get DJI 4K Aerial Photography Drone. Besides, the top 10 users can share 1,500 USDT.
7.MXC launches a new session of the "Deposit for Listing" campaign for SAFE, XSTAR, HGET and SAKE from 18:00, September 14 to 18:00, September 16 (UTC+8). Users can deposit SAFE, XSTAR, HGET, or SAKE to MXC during the observation period. The project with deposit persons over 300 can be listed on MXC once the technical connection completes. The projects will be ranked based on the number of depositors and users who deposit the top 3 projects can share MX in proportion to their net deposit amount.
8.MXC launches STORJUSDT perpetual contracts and holds a trading contest with 2,000 MX giveaway from 16:00, September 16 to 24:00, September 17(UTC+8). Users who trade STORJUSDT Contract during the activity period with opening position (long or short) no less than 5,000 cont. can share 2,000 MX token airdrop in proportion to their accumulated opening position.
9.MXC launches UNI/USDT, UNI/ETH trading pairs in the spot trading, and the UNI/USDT margin trading with 4x leverage for both long and short, UNIUSDT perpetual contract, UNI3L and UNI3S leveraged ETF, UNI pos staking with the expected APR 6% are available on the MXC. MXC holds the "Deposit UNI to Share 15,000 SUSHI" activity from 10:00, Sep.17 to 10:00, Sep. 19 UTC+8. Users who deposit UNI during the activity period on MXC will be ranked based on their net deposit amount. The top 1,000 users are eligible to share the 15,000 SUSHI prize pools in proportion to their net deposit amount respectively.
  1. MXC launches the "Major Cryptos Margin Trading Contest with 4,000 USDT Giveaway and Trading Fee Discount" activity from 10:00, September 18 to 24:00, September 20 (UTC+8). During the activity periods, the top 10 users who participate in the margin trading of the certain trading pairs on MXC and meet the minimum trading volume can share 3,000 USDT rewards and will also receive a margin trading fee discount for a week.
New Listing
Spot Trading:
https://preview.redd.it/1fad63zkptn51.png?width=651&format=png&auto=webp&s=06c6bf3d0ca754cdcd7ae2a629293ebf7b16d754
Margin Trading: MXC adds support to WNXM/USDT, PHA/USDT, GOF/USDT, UNI/USDT on margin trading.
Perpetual Contract: MXC launches BNBUSDT, STORJUSDT, XMRUSDT, UNIUSDT perpetual contracts.
Leveraged ETF Products: MXC launches YFII3L and YFII3S, SOL3L and SOL3S, ICX3L and ICX3S, UNI3L and UNI3S leveraged ETF products.
Merge: MXC Merges the Shares of LINK3S, IOST3S, OKB3S, LEND3S, and BZRX3L.
submitted by MXC_Exchange to MXCexchange [link] [comments]

The MXC Weekly Reports (September 7-September 11)

The MXC Weekly Reports (September 7-September 11)
MXC Exchange ( www.mxc.com ) is a world-leading digital assets trading platform. We aim at providing Secure, Convenient, Smart blockchain assets trading service, covering the market and price of cryptocurrencies including Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), EOS, etc. Below are the weekly reports from September 7 to September 11, including major activities and some new listings on MXC.
Major Activities:
1.MXC launches the "Stake TRX to Mine SUN” activity at 9:00 (UTC+8) on September 11. Users can get SUN tokens by locking TRX.
2.MXC launches "Join Margin Trading to Share 60,000 CPH Quotas from the 13th Session M-Day Program" activity from 17:00, September 10 to 24:00, September 13 UTC+8. Any users who trade margin pairs in the margin trading zone on MXC with trading volume no less than 10,000 USDT can share 60,000 CPH quotas from the MXC 13th session M-Day program based on the proportion of their trading volume respectively.
3.MXC launches BTCUSDT and ETHUSDT perpetual contract trading contest With 20,000 CPH Giveaway from 10:00, September 11th to 24:00, September 13th (UTC+8). Users who trade BTCUSDT and ETHUSDT perpetual contracts during the activity and meet the corresponding conditions can share 20,000 CPH tokens.
  1. The 13th Session M-Day program is coming. The project for this session is CPH. M-Day Program is a series of activities held on MXC Exchange for mainstream crypto traders/holders. In this session, holders of USDT or major cryptos traders can enjoy discounted CPH. CPH token sales will be on a lucky-draw distribution model, and the ticket-claim time is from 09:00 to 17:00 (UTC+8), September 10.
5.MXC launches a new session of "Deposit for Free Listing" campaign for Golff (GOF) and Centric CASH (CNS) from 20:00, September 9 to 20:00, September 11 (UTC+8).
6.MXC launches a new session of "Deposit for Free Listing" campaign for Organix (OGX), TokenPocket (TPT), DefiBox (BOX), dmd.finance (DMD), Applescash (AAPL), Harvest Finance (FARM) from 17:30, September 5 to 17:30, September 7 (UTC+8).
7.MXC holds the 3rd session leveraged ETF trading contest from 10:00, September 7 to 24:00, September 9(UTC+8). Users who trade anyone or more ETF products on MXC will be ranked based on their trading volume for one or several leveraged ETF products. The winners can share the 6,000 USDT prizes, besides, there is a participation prize.
8.MXC launches the 2nd Session "Voting to Extend the Assessment Periods and Share Trading Fee" activity from 09:00 to 17:00, September 7, 2020. (UTC+8). Users can vote for their supported projects in the Assessment zone through MX to extend the assessment periods, and share the trading fee. The tokens are AVA, SGT, CAMO, CRO, and IDX.
New Listing:
Spot Trading:
https://preview.redd.it/fg1encg9mgm51.png?width=576&format=png&auto=webp&s=63bf56ccefd8e1de329312bb11c8ed6fe78d1412
Margin Trading: MXC adds support to SWRV/USDT margin trading.
Perpetual Contract: MXC launches COMPUSDT, CRVUSDT, BANDUSDT, LENDUSDT, SRMUSDT, and KAVAUSDT perpetual contracts.
Leveraged ETF Products: MXC launches TRB3L, TRB3S, SRM3L, SRM3S, RUNE3L, RUNE3S, BZRX3L, and BZRX3S leveraged ETF products.
submitted by MXC_Exchange to MXCexchange [link] [comments]

The MXC Weekly Reports (August 31-September 4)

The MXC Weekly Reports (August 31-September 4)
MXC Exchange ( www.mxc.com ) is a world-leading digital assets trading platform. We aim at providing Secure, Convenient, Smart blockchain assets trading service, covering the market and price of cryptocurrencies including Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), EOS, etc. Below are the weekly reports from August 31 to September 4, including major activities and some new listings on MXC.
Major Activities:
1.MXC launches a new session of "Deposit for Free Listing" campaign for KIMCHI.finance (KIMCHI), Carrot Finance (CRT), Akropolis Delphi (ADEL), Sentivate (SNTVT), Cream (CREAM) and CORN(CORN) from 15:00, September 3 to 15:00, September 5 (UTC+8).
  1. The 15th MXC contract trading activity will be held from 10:00, Sept.3 to 18:00, Sept.4 (UTC+8). The user whose earning rate ranked first and met the requirements can get Huawei P40 Pro+ 5G. Besides, there are other rewards to giveaway including DJI Osmo pocket gimbal camera, Huawei smart air purifier, MXC custom baseball cap and etc.
3.MXC holds “Trading Contest With 200,000 CENNZ Giveaway” from 10:00, August 31, 2020 to 18:00, September 4, 2020 (UTC+8).
4.MXC launches the "Polkadot Ecosystem Margin Trading Contest with 3,400 USDT Giveaway" activity from 10:00 August 31 to 24:00 September 3 (UTC+8).
5.MXC holds the Contract Referral Contest with Huawei P40 and other Super Airdrops to be Won activity from 10:00, August 28 to 24:00, August 31 (UTC+8). The user who invites new users to deposit on MXC can win Huawei P40 Pro+5G and other super airdrops according to the number of the invited users, and the new user can win USDT bonus up to 10 USDT.
New Listing:
  1. The MXC launches DeFi mining products at 21:00 (UTC+8) on September 1st. Deposit MX to earn SUSHI, CRV, or other tokens. The hard caps of the platforms reached within 3 seconds.
2.MXC launches 2nd phase ATTN "PoS Staking" at 18:00(UTC+8) on September 1st and the highest APR up to 40%.
3.The major new listings of spot trading, margin trading, perpetual contract, and leveraged ETF products from August 31-September 4.
Spot Trading:
https://preview.redd.it/lcsbouwxv1l51.png?width=652&format=png&auto=webp&s=6061dd5fbafcceae70b4e25e3a9b93c14a861e13
Margin Trading: MXC addS support to RING/USDT and SUSHI/USDT margin trading pairs
Perpetual Contract: MXC resumes the XRPUSDT, ETCUSDT, LTCUSDT, DASHUSDT.
Leveraged ETF Products: MXC launches DEFI3L and DEFI3S, YFI3L and YFI3S, SUSHI3L and SUSHI3S, BAL3L and BAL3S, CRV3L and CRV3S.
submitted by MXC_Exchange to MXCexchange [link] [comments]

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