Reddit introduit ses premiers tokens ERC-20 pour les ...

Bitcoin mentioned around Reddit: Tron aiming to be No.1 Crypto and real-life used, it will take over top currency like Bitcoin and Ethereum. This might happen in the future **Finger Cross** (source: https://twitter.com/StevenHeinrich /r/Tronix

Bitcoin mentioned around Reddit: Tron aiming to be No.1 Crypto and real-life used, it will take over top currency like Bitcoin and Ethereum. This might happen in the future **Finger Cross** (source: https://twitter.com/StevenHeinrich /Tronix submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

[Winner's Thread #55] Looks like the Tooth Fairy is Real!

Hello MillionaireMakers!
My name is Tibor, and I’m just a regular every-day normal guy. Going to be celebrating my 33rd b-day in a couple of weeks, and I could not have wished for a nicer present than this!
I work as a Technical Consultant at a local IT company, where I facilitate data migration into archiving solutions and cloud storage systems. This is every bit as fascinating as it sounds /s.
In my free time I enjoy nature, climbing walls, going biking, and if the weather does not let me go out, I spend my time learning about watch complications or mixing techno with my bedroom DJ setup at home, or just watching stupid movies.
Due to an unscheduled dental emergency, I spent most of my week in the dental cabinet, and I was still pumped up on anaesthetics when I got home and opened my laptop to see the news. Surprised is an understatement. The reactions of the people on reddit blew me away, and I tried my best to send a thank-you note to all commenters. Sorry if I missed yours!
I'm sure that the winnings will go mostly to cover my medical bills, but I am going to donate 10% of this to a local org called Beard Brothers. They are knows for funding ambulances and creating great care packages for local orphanages and old folks homes.
I want to thank you all in advance for your donations and positive vibes. You are all amazing! I have to sleep now, it's past 4 Am where I live. What a day...
EDIT: I've been up for a couple of hours now trying to get through all messages and the mountain of notifications. I'm sure this is a once-in-a-lifetime feeling and am trying to ride it while it lasts. I'm overwhelmed by all the positive messages, amazing vibes and b-day wishes. I appreciate all of them.
Since people have been asking, I'll try to add some edits to keep you posted with progress. So far it's ~$500 on PayPal and Revolut combined, and ~$45 in combined crypto. I can't thank you enough! I'll be waiting a few days for things to slow down and really looking forward to making my donation. Everything else is going to fund my pearly whites :)
EDIT 2: Thank you all for your donations and positive vibes! It's end of day one, and things have finally settled down. A total so far would be $990 on PayPal, $31 on Revolut, $54 in Bitcoin, $34 in Bitcoin Cash, $12 Nano, and $10 in Ether! Wooohoo :) Thank you all!!
EDIT 3: The weekend has passed, and I was sort of offline while visiting family. A huge Thank You again to everyone that donated, and sorry for the late reply on your comments. New Total is $1120 Paypal, $31 Revolut, $76 BTC, $34 Bitcoin Cash, $16 in Ether and 14.53 Nano. Thank You!!
EDIT 4: I have donated $150 to the local org Beard Brothers. Their newest fundraiser is aiming to build a school for the needy around the Cluj-Napoca area. I can happily provide proof of my donation if asked (with a heads-up that all communication in this regards is, unfortunately, in Romanian).
EDIT 5: It's been almost 2 weeks since I posted this, and the new Total would be $1437 on Paypal + Revolut combined and ~ $150 in mixed Crypto. I'll probably hodl the crypto, and the rest is enough to cover a chunk of my dentals. (not bad, for a random comment on Reddit). Thank you to everyone who donated, and everyone that sent congrats! :)
EDIT 6 Some (final?) statistics from me after this very interesting and awesome experience. I received ~$70 since my last edit, making the new total a pretty round $1500 on Paypal and Revolut combined, and ~$150 in combined crypto. I want to thank the (approximately) 400 redditors who donated, and I really hope that I was able to reply to all of you kind enough to comment in here. This was truly an unexpected surprise, made more amazing by each and every one of you!
P.S. Special thanks to lilfruini for making this entire process amazingly smooth.
Everything listed should result in direct lines of payment to tirbert. We ask all users to donate at least $1 USD. The Drawing and Update is also listed for users who want to see the results and confirm the validity of the winner.
Drawing: https://old.reddit.com/millionairemakers/comments/hd94db/draw_55/
Update: https://old.reddit.com/millionairemakers/comments/hfmljp/status_update_55/
PayPal: https://www.paypal.me/tirbert
Revolut: @tiboras2m
Bitcoin: 1DMhD3hodDLxSAUEH4gEMpe72UGU2fWZMv
Bitcoin Cash: qzrckers2s0gg3qresstpkyey0ladf6705zjzt62ma
Ethereum: 0x12264c6A6Ac12ed2a0Bad840DCE5aDcaA7b5D054
Nano: nano_1ieo7cqadrc9kkg4z855jcroa8objyhy4amxs39dtku18wf5t4gbg7gpfoj3
submitted by tirbert to millionairemakers [link] [comments]

Announcing the grand opening of Ruth's Chris Stake House

ipalvr, jtnichol, MyAuntIsAustrian and I are the newest EthStaker team Ruth's Chris Stake House from the community mentorship groups project which aims to build helpful communities for those interested in Ethereum 2.0 staking. This is a quite exciting time to be a part of the Ethereum ecosystem and having a few friends along for the ride makes everything a bit more fun. We encourage everyone interested in staking to head over to the linked post and sign up to help move this whole community forward!
We're all really excited to see what cool new things come down the pipe and welcome anyone wanting to add a bit more sizzle to their community experience.
https://preview.redd.it/h1dhxguo45s51.png?width=748&format=png&auto=webp&s=439d86ad7182f2e5f9a36cf744d7fddf11255180
submitted by Sargos to ethstaker [link] [comments]

Ethereum on ARM. New Eth2.0 Raspberry Pi 4 image for joining the Medalla multi-client testnet. Step-by-step guide for installing and activating a validator (Prysm, Teku, Lighthouse and Nimbus clients included)

TL;DR: Flash your Raspberry Pi 4, plug in an ethernet cable, connect the SSD disk and power up the device to join the Eth2.0 medalla testnet.
The image takes care of all the necessary steps to join the Eth2.0 Medalla multi-client testnet [1], from setting up the environment and formatting the SSD disk to installing, managing and running the Eth1.0 and Eth2.0 clients.
You will only need to choose an Eth2.0 client, start the beacon chain service and activate / run the validator.
Note: this is an update for our previous Raspberry Pi 4 Eth2 image [2] so some of the instructions are directly taken from there.

MAIN FEATURES

SOFTWARE INCLUDED

INSTALLATION GUIDE AND USAGE

RECOMMENDED HARDWARE AND SETUP
STORAGE
You will need an SSD to run the Ethereum clients (without an SSD drive there’s absolutely no chance of syncing the Ethereum blockchain). There are 2 options:
Use an USB portable SSD disk such as the Samsung T5 Portable SSD.
Use an USB 3.0 External Hard Drive Case with a SSD Disk. In our case we used a Inateck 2.5 Hard Drive Enclosure FE2011. Make sure to buy a case with an UASP compliant chip, particularly, one of these: JMicron (JMS567 or JMS578) or ASMedia (ASM1153E).
In both cases, avoid getting low quality SSD disks as it is a key component of your node and it can drastically affect the performance (and sync times). Keep in mind that you need to plug the disk to an USB 3.0 port (in blue).
IMAGE DOWNLOAD AND INSTALLATION
1.- Download the image:
http://www.ethraspbian.com/downloads/ubuntu-20.04.1-preinstalled-server-arm64+raspi-eth2-medalla.img.zip
SHA256 149cb9b020d1c49fcf75c00449c74c6f38364df1700534b5e87f970080597d87
2.- Flash the image
Insert the microSD in your Desktop / Laptop and download the file.
Note: If you are not comfortable with command line or if you are running Windows, you can use Etcher [10]
Open a terminal and check your MicroSD device name running:
sudo fdisk -l
You should see a device named mmcblk0 or sdd. Unzip and flash the image:
unzip ubuntu-20.04.1-preinstalled-server-arm64+raspi-eth2-medalla.img.zip
sudo dd bs=1M if=ubuntu-20.04.1-preinstalled-server-arm64+raspi.img of=/dev/mmcblk0 conv=fdatasync status=progress
3.- Insert de MicroSD into the Raspberry Pi 4. Connect an Ethernet cable and attach the USB SSD disk (make sure you are using a blue port).
4.- Power on the device
The Ubuntu OS will boot up in less than one minute but you will need to wait approximately 7-8 minutes in order to allow the script to perform the necessary tasks to install the Medalla setup (it will reboot again)
5.- Log in
You can log in through SSH or using the console (if you have a monitor and keyboard attached)
User: ethereum Password: ethereum 
You will be prompted to change the password on first login, so you will need to log in twice.
6.- Forward 30303 port in your router (both UDP and TCP). If you don’t know how to do this, google “port forwarding” followed by your router model. You will need to open additional ports as well depending on the Eth2.0 client you’ve chosen.
7.- Getting console output
You can see what’s happening in the background by typing:
sudo tail -f /valog/syslog
8.- Grafana Dashboards
There are 5 Grafana dashboards available to monitor the Medalla node (see section “Grafana Dashboards” below).

The Medalla Eth2.0 multi-client testnet

Medalla is the official Eth2.0 multi-client testnet according to the latest official specification for Eth2.0, the v0.12.2 [11] release (which is aimed to be the final) [12].
In order to run a Medalla Eth 2.0 node you will need 3 components:
The image takes care of the Eth1.0 setup. So, once flashed (and after a first reboot), Geth (Eth1.0 client) starts to sync the Goerli testnet.
Follow these steps to enable your Eth2.0 Ethereum node:
CREATE THE VALIDATOR KEYS AND MAKE THE DEPOSIT
We need to get 32 Goerli ETH (fake ETH) ir order to make the deposit in the Eth2.0 contract and run the validator. The easiest way of getting ETH is by joining Prysm Discord's channel.
Open Metamask [14], select the Goerli Network (top of the window) and copy your ETH Address. Go to:
https://discord.com/invite/YMVYzv6
And open the “request-goerli-eth” channel (on the left)
Type:
!send $YOUR_ETH_ADDRESS (replace it with the one copied on Metamask)
You will receive enough ETH to run 1 validator.
Now it is time to create your validator keys and the deposit information. For your convenience we’ve packaged the official Eth2 launchpad tool [4]. Go to the EF Eth2.0 launchpad site:
https://medalla.launchpad.ethereum.org/
And click “Get started”
Read and accept all warnings. In the next screen, select 1 validator and go to your Raspberry Pi console. Under the ethereum account run:
cd && deposit --num_validators 1 --chain medalla
Choose your mnemonic language and type a password for keeping your keys safe. Write down your mnemonic password, press any key and type it again as requested.
Now you have 2 Json files under the validator_keys directory. A deposit data file for sending the 32 ETH along with your validator public key to the Eth1 chain (goerli testnet) and a keystore file with your validator keys.
Back to the Launchpad website, check "I am keeping my keys safe and have written down my mnemonic phrase" and click "Continue".
It is time to send the 32 ETH deposit to the Eth1 chain. You need the deposit file (located in your Raspberry Pi). You can, either copy and paste the file content and save it as a new file in your desktop or copy the file from the Raspberry to your desktop through SSH.
1.- Copy and paste: Connected through SSH to your Raspberry Pi, type:
cat validator_keys/deposit_data-$FILE-ID.json (replace $FILE-ID with yours)
Copy the content (the text in square brackets), go back to your desktop, paste it into your favourite editor and save it as a json file.
Or
2.- Ssh: From your desktop, copy the file:
scp [email protected]$YOUR_RASPBERRYPI_IP:/home/ethereum/validator_keys/deposit_data-$FILE_ID.json /tmp
Replace the variables with your data. This will copy the file to your desktop /tmp directory.
Upload the deposit file
Now, back to the Launchpad website, upload the deposit_data file and select Metamask, click continue and check all warnings. Continue and click “Initiate the Transaction”. Confirm the transaction in Metamask and wait for the confirmation (a notification will pop up shortly).
The Beacon Chain (which is connected to the Eth1 chain) will detect this deposit (that includes the validator public key) and the Validator will be enabled.
Congrats!, you just started your validator activation process.
CHOOSE AN ETH2.0 CLIENT
Time to choose your Eth2.0 client. We encourage you to run Lighthouse, Teku or Nimbus as Prysm is the most used client by far and diversity is key to achieve a resilient and healthy Eth2.0 network.
Once you have decided which client to run (as said, try to run one with low network usage), you need to set up the clients and start both, the beacon chain and the validator.
These are the instructions for enabling each client (Remember, choose just one Eth2.0 client out of 4):
LIGHTHOUSE ETH2.0 CLIENT
1.- Port forwarding
You need to open the 9000 port in your router (both UDP and TCP)
2.- Start the beacon chain
Under the ethereum account, run:
sudo systemctl enable lighthouse-beacon
sudo systemctl start lighthouse-beacon
3.- Start de validator
We need to import the validator keys. Run under the ethereum account:
lighthouse account validator import --directory=/home/ethereum/validator_keys
Then, type your previously defined password and run:
sudo systemctl enable lighthouse-validator
sudo systemctl start lighthouse-validator
The Lighthouse beacon chain and validator are now enabled

PRYSM ETH2.0 CLIENT
1.- Port forwarding
You need to open the 13000 and 12000 ports in your router (both UDP and TCP)
2.- Start the beacon chain
Under the ethereum account, run:
sudo systemctl enable prysm-beacon
sudo systemctl start prysm-beacon
3.- Start de validator
We need to import the validator keys. Run under the ethereum account:
validator accounts-v2 import --keys-dir=/home/ethereum/validator_keys
Accept the default wallet path and enter a password for your wallet. Now enter the password previously defined.
Lastly, set up your password and start the client:
echo "$YOUR_PASSWORD" > /home/ethereum/validator_keys/prysm-password.txt
sudo systemctl enable prysm-validator
sudo systemctl start prysm-validator
The Prysm beacon chain and the validator are now enabled.

TEKU ETH2.0 CLIENT
1.- Port forwarding
You need to open the 9151 port (both UDP and TCP)
2.- Start the Beacon Chain and the Validator
Under the Ethereum account, check the name of your keystore file:
ls /home/ethereum/validator_keys/keystore*
Set the keystore file name in the teku config file (replace the $KEYSTORE_FILE variable with the file listed above)
sudo sed -i 's/changeme/$KEYSTORE_FILE/' /etc/ethereum/teku.conf
Set the password previously entered:
echo "yourpassword" > validator_keys/teku-password.txt
Start the beacon chain and the validator:
sudo systemctl enable teku
sudo systemctl start teku
The Teku beacon chain and validator are now enabled.

NIMBUS ETH2.0 CLIENT
1.- Port forwarding
You need to open the 19000 port (both UDP and TCP)
2.- Start the Beacon Chain and the Validator
We need to import the validator keys. Run under the ethereum account:
beacon_node deposits import /home/ethereum/validator_keys --data-dir=/home/ethereum/.nimbus --log-file=/home/ethereum/.nimbus/nimbus.log
Enter the password previously defined and run:
sudo systemctl enable nimbus
sudo systemctl start nimbus
The Nimbus beacon chain and validator are now enabled.

WHAT's NEXT
Now you need to wait for the Eth1 blockchain and the beacon chain to get synced. In a few hours the validator will get enabled and put into a queue. These are the validator status that you will see until its final activation:
Finally, it will get activated and the staking process will start.
Congratulations!, you join the Medalla Eth2.0 multiclient testnet!

Grafana Dashboards

We configured 5 Grafana Dashboards to let users monitor both Eth1.0 and Eth2.0 clients. To access the dashboards just open your browser and type your Raspberry IP followed by the 3000 port:
http://replace_with_your_IP:3000 user: admin passwd: ethereum 
There are 5 dashboards available:
Lots of info here. You can see for example if Geth is in sync by checking (in the Blockchain section) if Headers, Receipts and Blocks fields are aligned or find Eth2.0 chain info.

Updating the software

We will be keeping the Eth2.0 clients updated through Debian packages in order to keep up with the testnet progress. Basically, you need to update the repo and install the packages through the apt command. For instance, in order to update all packages you would run:
sudo apt-get update && sudo apt-get install geth teku nimbus prysm-beacon prysm-validator lighthouse-beacon lighthouse-validator
Please follow us on Twitter in order to get regular updates and install instructions.
https://twitter.com/EthereumOnARM

References

  1. https://github.com/goerli/medalla/tree/mastemedalla
  2. https://www.reddit.com/ethereum/comments/hhvi2ethereum_on_arm_new_eth20_raspberry_pi_4_image/
  3. https://github.com/ethereum/go-ethereum/releases/tag/v1.9.20
  4. https://github.com/ethereum/eth2.0-deposit-cli/releases
  5. https://github.com/prysmaticlabs/prysm/releases/tag/v1.0.0-alpha.23
  6. https://github.com/PegaSysEng/teku
  7. https://github.com/sigp/lighthouse/releases/tag/v0.2.8
  8. https://github.com/status-im/nim-beacon-chain
  9. https://grafana.com
  10. https://www.balena.io/etcher
  11. https://github.com/ethereum/eth2.0-specs/releases/tag/v0.12.2
  12. https://blog.ethereum.org/2020/08/03/eth2-quick-update-no-14
  13. https://goerli.net
  14. https://metamask.io
submitted by diglos76 to ethereum [link] [comments]

Do YOU Have an Exit Strategy? Here's why you should have one and what to know when making one.

On days like this it is important to remember the importance of taking profits. It is still early days in this bull-run so you may not be taking profits now and there’s nothing wrong with that. However, something which everyone can and should do now if you haven’t already is to make an exit strategy. What are your realistic financial goals and what is your moonshot?
Your targets are entirely unique to your situation. Let’s look at a couple of examples. First, we have a university student with a single digit stack of ETH who may want to have a house deposit or wish to be able to pay off their student loan once they graduate. Second, we have a 40 year old couple who forked out 25% of their long term savings to buy a few ETH 2.0 staking nodes worth of ETH in the hopes of retiring early one day. Both of these scenarios would have different responsible wealth management strategies to help them achieve this goal. For example, the university student has a whole life of working ahead of them, so they will not miss the $1,000 investment they put into ETH if they lose it. On the other hand, a 40 year old couple losing 5 figures or 25% of their savings is a big loss. Therefore, these two examples require different exit strategies. A recommended strategy for the risk-on student could be to hold their ETH until their stack is worth what they aim to pay off or maybe a little bit more so that they can keep an ETH or so as a very long-term investment. On the other hand, the lower risk couple should manage their risk by taking profits on the way up just in case the price of ETH comes crashing down. If I were in their scenario and let’s say that they spent $50,000 on 160 ETH (5 x 32 ETH nodes worth of ETH), I would aim to withdraw my initial investment of $50K rather soon, allowing me to play with nothing but profits knowing that any gains or losses are essentially free money. A good selling target where there will be a lot of resistance from sellers is $1,400, the old all-time high set in January 2018. 32 * $1,400 = $45,000 approx. This would leave the couple with 128 ETH (or slightly less if they withdrew the whole $50K) which they basically got for free since they withdrew their initial investment. From here, they could stake 64 ETH (2 nodes) with no intention of ever selling and they could sell the remaining 64 on the way up as ETH keeps rising. When ETH doubles to $2,800, they may wish to sell 1/3 of this 64 ETH, then and other 1/3 of what’s left at $4,200 and so on. I would advise against locking up all 128 ETH as due to the nature of early ETH 2.0 phases, they will not be able to withdraw their ETH or take any profits on it until years later when phase 2 is released.
Many of you may wonder, “But if ETH is going to $5K or $10K etc, then why sell early?” or “Why sell ETH into fiat at all if crypto is here to stay?” I know I was in this camp in 2017 and to an extent I still am. However, there are many reasons and ultimately, financial management is about risk management. You are selling to:
In conclusion, the smart thing is to do is to take profits and to create an exit strategy. By making a strategy now, it will help to give you conviction to sell ETH at $X when everyone else is calling for ETH to go to 2X. Don’t underestimate the effect of euphoria and FOMO on your decision making. Setting targets makes it so much easier to actually pull the trigger and sell. Also, know that everyone’s situation is unique, and so is their strategy. As I outlined above, a student will likely have a different strategy to an older couple. So you should identify your goals and your risk tolerance to work out a logical exit strategy which you can rely on when logic has gone out the window due to all the FOMO and euphoria which you will likely feel when ETH goes parabolic.
If you want to know what my strategy is, I made a post about it a few months back. The TL;DR of my strategy is 20% of my portfolio is an indefinite hold, 40% I will sell on the way up and I do not intend on buying back into crypto with this money so I can avoid being over-exposed to crypto. The last 40% I will use to try and sell the top and buy the bottom of the following bear market. I will try to identify this bull market top and following bear market bottom using a range of indicators I outlined in that post.
TL;DR: Make an exit strategy if you don’t have one already. It will help you to manage risk and it will help you to avoid having to hold through another long drawn out bear market because you were too blinded by euphoria and FOMO to even consider selling.
Edit: Based on feedback I received from sharing this elsewhere, I would like to clarify that for me, and I'm sure many of you, "exit strategy" probably isn't the best term since we believe in ETH in the long term. I intend to keep a large proportion of my wealth going forward in the Ethereum ecosystem. However, my "exit strategy" and taking profits is about diversifying and mitigating risk to avoid being ever exposed to crypto and to avoid getting wiped out by a black swan event.
submitted by Tricky_Troll to ethtrader [link] [comments]

Introduce Yearn Land (yLand)

Introduce Yearn Land (yLand)

Yearn Land Introduction
Yearn Land upgraded the old Yearn making some important adjustments in first layer protocols. Yearn Land is a DeFi yield aggregator for the lending platforms that during contract engagement rebalances for the maximum yield. For lending providers, Yearn Land makes benefit swapping, shifting the funds autonomously between dydx, Aave, and Compound. Yearn Land assigns a name to its solution as AMM (Automated Market Maker).

Features

yFarm

yFarm is a loan aggregator that aims at all times to achieve the highest yield for the assisted coins (DAI, USDC, USDT, TUSD, sUSD, or wBTC). It does this by programmatically transferring these coins between multiple lending protocols running on the Ethereum blockchain (AAVE, dYdX, and Compound).

yCover

yCover, underwritten by Nexus Mutual, is a non-KYC pooled insurancecoverage. It consists of three components: Vaults insurer, Vaults insured and Governance of claims. The Insurer Vaults contain the assets used to insure claimants, the Insured Vault holds the assets claimants wish to be insured, and the insurance arbitration process is reflected by Claim Governance.

yLand Engine Interface

Earn performs profit switching for lending providers, moving your funds between dydx, Aave, Compund autonomously.

yVault

Each vault follows a unique strategy that’s designed to maximize the yield of the deposited asset. Using a yLand Vault is like having access to the most advanced money manager in the world.
yLand holders are staking their tokens in the Governance contract in order to claim profits. Profits are frequently shipped out from the yVault to this contract, which briefly keeps profits to owners until they are dispersed. After yVault has accrued a $400,000 fund, proceeds are returned to the Governance contract; this surplus is used to pay for various operating costs, including developer incentives and community funding.

yGovernance

Governance model is first of its kind and allows for free of cost and publicly verifiable votes by yLand holders. Model incentivizes yLand holders with yETH and yUSD to cover gas costs.

yZap Fees

Users can exchange different assets bi-directionally into pooled interestbearing tokens using the yZap section on yland.finance. The goal of yZap is to encourage a more seamless and frictionless swap between different coins.

About Us:

submitted by ylandfinance to u/ylandfinance [link] [comments]

[ CryptoCurrency ] Comparison between Avalanche, Cosmos and Polkadot

[ 🔴 DELETED 🔴 ] Topic originally posted in CryptoCurrency by xSeq22x [link]
A frequent question I see being asked is how Cosmos, Polkadot and Avalanche compare? Whilst there are similarities there are also a lot of differences. This article is not intended to be an extensive in-depth list, but rather an overview based on some of the criteria that I feel are most important.
For better formatting see https://medium.com/ava-hub/comparison-between-avalanche-cosmos-and-polkadot-a2a98f46c03b
https://preview.redd.it/lg16iwk2dhq51.png?width=428&format=png&auto=webp&s=6c899ee69800dd6c5e2900d8fa83de7a43c57086

Overview

Cosmos

Cosmos is a heterogeneous network of many independent parallel blockchains, each powered by classical BFT consensus algorithms like Tendermint. Developers can easily build custom application specific blockchains, called Zones, through the Cosmos SDK framework. These Zones connect to Hubs, which are specifically designed to connect zones together.
The vision of Cosmos is to have thousands of Zones and Hubs that are Interoperable through the Inter-Blockchain Communication Protocol (IBC). Cosmos can also connect to other systems through peg zones, which are specifically designed zones that each are custom made to interact with another ecosystem such as Ethereum and Bitcoin. Cosmos does not use Sharding with each Zone and Hub being sovereign with their own validator set.
For a more in-depth look at Cosmos and provide more reference to points made in this article, please see my three part series — Part One, Part Two, Part Three
https://youtu.be/Eb8xkDi_PUg

Polkadot

Polkadot is a heterogeneous blockchain protocol that connects multiple specialised blockchains into one unified network. It achieves scalability through a sharding infrastructure with multiple blockchains running in parallel, called parachains, that connect to a central chain called the Relay Chain. Developers can easily build custom application specific parachains through the Substrate development framework.
The relay chain validates the state transition of connected parachains, providing shared state across the entire ecosystem. If the Relay Chain must revert for any reason, then all of the parachains would also revert. This is to ensure that the validity of the entire system can persist, and no individual part is corruptible. The shared state makes it so that the trust assumptions when using parachains are only those of the Relay Chain validator set, and no other. Interoperability is enabled between parachains through Cross-Chain Message Passing (XCMP) protocol and is also possible to connect to other systems through bridges, which are specifically designed parachains or parathreads that each are custom made to interact with another ecosystem such as Ethereum and Bitcoin. The hope is to have 100 parachains connect to the relay chain.
For a more in-depth look at Polkadot and provide more reference to points made in this article, please see my three part series — Part One, Part Two, Part Three
https://youtu.be/_-k0xkooSlA

Avalanche

Avalanche is a platform of platforms, ultimately consisting of thousands of subnets to form a heterogeneous interoperable network of many blockchains, that takes advantage of the revolutionary Avalanche Consensus protocols to provide a secure, globally distributed, interoperable and trustless framework offering unprecedented decentralisation whilst being able to comply with regulatory requirements.
Avalanche allows anyone to create their own tailor-made application specific blockchains, supporting multiple custom virtual machines such as EVM and WASM and written in popular languages like Go (with others coming in the future) rather than lightly used, poorly-understood languages like Solidity. This virtual machine can then be deployed on a custom blockchain network, called a subnet, which consist of a dynamic set of validators working together to achieve consensus on the state of a set of many blockchains where complex rulesets can be configured to meet regulatory compliance.
Avalanche was built with serving financial markets in mind. It has native support for easily creating and trading digital smart assets with complex custom rule sets that define how the asset is handled and traded to ensure regulatory compliance can be met. Interoperability is enabled between blockchains within a subnet as well as between subnets. Like Cosmos and Polkadot, Avalanche is also able to connect to other systems through bridges, through custom virtual machines made to interact with another ecosystem such as Ethereum and Bitcoin.
For a more in-depth look at Avalanche and provide more reference to points made in this article, please see here and here
https://youtu.be/mWBzFmzzBAg

Comparison between Cosmos, Polkadot and Avalanche

A frequent question I see being asked is how Cosmos, Polkadot and Avalanche compare? Whilst there are similarities there are also a lot of differences. This article is not intended to be an extensive in-depth list, but rather an overview based on some of the criteria that I feel are most important. For a more in-depth view I recommend reading the articles for each of the projects linked above and coming to your own conclusions. I want to stress that it’s not a case of one platform being the killer of all other platforms, far from it. There won’t be one platform to rule them all, and too often the tribalism has plagued this space. Blockchains are going to completely revolutionise most industries and have a profound effect on the world we know today. It’s still very early in this space with most adoption limited to speculation and trading mainly due to the limitations of Blockchain and current iteration of Ethereum, which all three of these platforms hope to address. For those who just want a quick summary see the image at the bottom of the article. With that said let’s have a look

Scalability

Cosmos

Each Zone and Hub in Cosmos is capable of up to around 1000 transactions per second with bandwidth being the bottleneck in consensus. Cosmos aims to have thousands of Zones and Hubs all connected through IBC. There is no limit on the number of Zones / Hubs that can be created

Polkadot

Parachains in Polkadot are also capable of up to around 1500 transactions per second. A portion of the parachain slots on the Relay Chain will be designated as part of the parathread pool, the performance of a parachain is split between many parathreads offering lower performance and compete amongst themselves in a per-block auction to have their transactions included in the next relay chain block. The number of parachains is limited by the number of validators on the relay chain, they hope to be able to achieve 100 parachains.

Avalanche

Avalanche is capable of around 4500 transactions per second per subnet, this is based on modest hardware requirements to ensure maximum decentralisation of just 2 CPU cores and 4 GB of Memory and with a validator size of over 2,000 nodes. Performance is CPU-bound and if higher performance is required then more specialised subnets can be created with higher minimum requirements to be able to achieve 10,000 tps+ in a subnet. Avalanche aims to have thousands of subnets (each with multiple virtual machines / blockchains) all interoperable with each other. There is no limit on the number of Subnets that can be created.

Results

All three platforms offer vastly superior performance to the likes of Bitcoin and Ethereum 1.0. Avalanche with its higher transactions per second, no limit on the number of subnets / blockchains that can be created and the consensus can scale to potentially millions of validators all participating in consensus scores ✅✅✅. Polkadot claims to offer more tps than cosmos, but is limited to the number of parachains (around 100) whereas with Cosmos there is no limit on the number of hubs / zones that can be created. Cosmos is limited to a fairly small validator size of around 200 before performance degrades whereas Polkadot hopes to be able to reach 1000 validators in the relay chain (albeit only a small number of validators are assigned to each parachain). Thus Cosmos and Polkadot scores ✅✅
https://preview.redd.it/ththwq5qdhq51.png?width=1000&format=png&auto=webp&s=92f75152c90d984911db88ed174ebf3a147ca70d

Decentralisation

Cosmos

Tendermint consensus is limited to around 200 validators before performance starts to degrade. Whilst there is the Cosmos Hub it is one of many hubs in the network and there is no central hub or limit on the number of zones / hubs that can be created.

Polkadot

Polkadot has 1000 validators in the relay chain and these are split up into a small number that validate each parachain (minimum of 14). The relay chain is a central point of failure as all parachains connect to it and the number of parachains is limited depending on the number of validators (they hope to achieve 100 parachains). Due to the limited number of parachain slots available, significant sums of DOT will need to be purchased to win an auction to lease the slot for up to 24 months at a time. Thus likely to lead to only those with enough funds to secure a parachain slot. Parathreads are however an alternative for those that require less and more varied performance for those that can’t secure a parachain slot.

Avalanche

Avalanche consensus scan scale to tens of thousands of validators, even potentially millions of validators all participating in consensus through repeated sub-sampling. The more validators, the faster the network becomes as the load is split between them. There are modest hardware requirements so anyone can run a node and there is no limit on the number of subnets / virtual machines that can be created.

Results

Avalanche offers unparalleled decentralisation using its revolutionary consensus protocols that can scale to millions of validators all participating in consensus at the same time. There is no limit to the number of subnets and virtual machines that can be created, and they can be created by anyone for a small fee, it scores ✅✅✅. Cosmos is limited to 200 validators but no limit on the number of zones / hubs that can be created, which anyone can create and scores ✅✅. Polkadot hopes to accommodate 1000 validators in the relay chain (albeit these are split amongst each of the parachains). The number of parachains is limited and maybe cost prohibitive for many and the relay chain is a ultimately a single point of failure. Whilst definitely not saying it’s centralised and it is more decentralised than many others, just in comparison between the three, it scores ✅
https://preview.redd.it/lv2h7g9sdhq51.png?width=1000&format=png&auto=webp&s=56eada6e8c72dbb4406d7c5377ad15608bcc730e

Latency

Cosmos

Tendermint consensus used in Cosmos reaches finality within 6 seconds. Cosmos consists of many Zones and Hubs that connect to each other. Communication between 2 zones could pass through many hubs along the way, thus also can contribute to latency times depending on the path taken as explained in part two of the articles on Cosmos. It doesn’t need to wait for an extended period of time with risk of rollbacks.

Polkadot

Polkadot provides a Hybrid consensus protocol consisting of Block producing protocol, BABE, and then a finality gadget called GRANDPA that works to agree on a chain, out of many possible forks, by following some simpler fork choice rule. Rather than voting on every block, instead it reaches agreements on chains. As soon as more than 2/3 of validators attest to a chain containing a certain block, all blocks leading up to that one are finalized at once.
If an invalid block is detected after it has been finalised then the relay chain would need to be reverted along with every parachain. This is particularly important when connecting to external blockchains as those don’t share the state of the relay chain and thus can’t be rolled back. The longer the time period, the more secure the network is, as there is more time for additional checks to be performed and reported but at the expense of finality. Finality is reached within 60 seconds between parachains but for external ecosystems like Ethereum their state obviously can’t be rolled back like a parachain and so finality will need to be much longer (60 minutes was suggested in the whitepaper) and discussed in more detail in part three

Avalanche

Avalanche consensus achieves finality within 3 seconds, with most happening sub 1 second, immutable and completely irreversible. Any subnet can connect directly to another without having to go through multiple hops and any VM can talk to another VM within the same subnet as well as external subnets. It doesn’t need to wait for an extended period of time with risk of rollbacks.

Results

With regards to performance far too much emphasis is just put on tps as a metric, the other equally important metric, if not more important with regards to finance is latency. Throughput measures the amount of data at any given time that it can handle whereas latency is the amount of time it takes to perform an action. It’s pointless saying you can process more transactions per second than VISA when it takes 60 seconds for a transaction to complete. Low latency also greatly increases general usability and customer satisfaction, nowadays everyone expects card payments, online payments to happen instantly. Avalanche achieves the best results scoring ✅✅✅, Cosmos with comes in second with 6 second finality ✅✅ and Polkadot with 60 second finality (which may be 60 minutes for external blockchains) scores ✅
https://preview.redd.it/qe8e5ltudhq51.png?width=1000&format=png&auto=webp&s=18a2866104590f81a818690337f9121161dda890

Shared Security

Cosmos

Every Zone and Hub in Cosmos has their own validator set and different trust assumptions. Cosmos are researching a shared security model where a Hub can validate the state of connected zones for a fee but not released yet. Once available this will make shared security optional rather than mandatory.

Polkadot

Shared Security is mandatory with Polkadot which uses a Shared State infrastructure between the Relay Chain and all of the connected parachains. If the Relay Chain must revert for any reason, then all of the parachains would also revert. Every parachain makes the same trust assumptions, and as such the relay chain validates state transition and enables seamless interoperability between them. In return for this benefit, they have to purchase DOT and win an auction for one of the available parachain slots.
However, parachains can’t just rely on the relay chain for their security, they will also need to implement censorship resistance measures and utilise proof of work / proof of stake for each parachain as well as discussed in part three, thus parachains can’t just rely on the security of the relay chain, they need to ensure sybil resistance mechanisms using POW and POS are implemented on the parachain as well.

Avalanche

A subnet in Avalanche consists of a dynamic set of validators working together to achieve consensus on the state of a set of many blockchains where complex rulesets can be configured to meet regulatory compliance. So unlike in Cosmos where each zone / hub has their own validators, A subnet can validate a single or many virtual machines / blockchains with a single validator set. Shared security is optional

Results

Shared security is mandatory in polkadot and a key design decision in its infrastructure. The relay chain validates the state transition of all connected parachains and thus scores ✅✅✅. Subnets in Avalanche can validate state of either a single or many virtual machines. Each subnet can have their own token and shares a validator set, where complex rulesets can be configured to meet regulatory compliance. It scores ✅ ✅. Every Zone and Hub in cosmos has their own validator set / token but research is underway to have the hub validate the state transition of connected zones, but as this is still early in the research phase scores ✅ for now.
https://preview.redd.it/0mnvpnzwdhq51.png?width=1000&format=png&auto=webp&s=8927ff2821415817265be75c59261f83851a2791

Current Adoption

Cosmos

The Cosmos project started in 2016 with an ICO held in April 2017. There are currently around 50 projects building on the Cosmos SDK with a full list can be seen here and filtering for Cosmos SDK . Not all of the projects will necessarily connect using native cosmos sdk and IBC and some have forked parts of the Cosmos SDK and utilise the tendermint consensus such as Binance Chain but have said they will connect in the future.

Polkadot

The Polkadot project started in 2016 with an ICO held in October 2017. There are currently around 70 projects building on Substrate and a full list can be seen here and filtering for Substrate Based. Like with Cosmos not all projects built using substrate will necessarily connect to Polkadot and parachains or parathreads aren’t currently implemented in either the Live or Test network (Kusama) as of the time of this writing.

Avalanche

Avalanche in comparison started much later with Ava Labs being founded in 2018. Avalanche held it’s ICO in July 2020. Due to lot shorter time it has been in development, the number of projects confirmed are smaller with around 14 projects currently building on Avalanche. Due to the customisability of the platform though, many virtual machines can be used within a subnet making the process incredibly easy to port projects over. As an example, it will launch with the Ethereum Virtual Machine which enables byte for byte compatibility and all the tooling like Metamask, Truffle etc. will work, so projects can easily move over to benefit from the performance, decentralisation and low gas fees offered. In the future Cosmos and Substrate virtual machines could be implemented on Avalanche.

Results

Whilst it’s still early for all 3 projects (and the entire blockchain space as a whole), there is currently more projects confirmed to be building on Cosmos and Polkadot, mostly due to their longer time in development. Whilst Cosmos has fewer projects, zones are implemented compared to Polkadot which doesn’t currently have parachains. IBC to connect zones and hubs together is due to launch Q2 2021, thus both score ✅✅✅. Avalanche has been in development for a lot shorter time period, but is launching with an impressive feature set right from the start with ability to create subnets, VMs, assets, NFTs, permissioned and permissionless blockchains, cross chain atomic swaps within a subnet, smart contracts, bridge to Ethereum etc. Applications can easily port over from other platforms and use all the existing tooling such as Metamask / Truffle etc but benefit from the performance, decentralisation and low gas fees offered. Currently though just based on the number of projects in comparison it scores ✅.
https://preview.redd.it/rsctxi6zdhq51.png?width=1000&format=png&auto=webp&s=ff762dea3cfc2aaaa3c8fc7b1070d5be6759aac2

Enterprise Adoption

Cosmos

Cosmos enables permissioned and permissionless zones which can connect to each other with the ability to have full control over who validates the blockchain. For permissionless zones each zone / hub can have their own token and they are in control who validates.

Polkadot

With polkadot the state transition is performed by a small randomly selected assigned group of validators from the relay chain plus with the possibility that state is rolled back if an invalid transaction of any of the other parachains is found. This may pose a problem for enterprises that need complete control over who performs validation for regulatory reasons. In addition due to the limited number of parachain slots available Enterprises would have to acquire and lock up large amounts of a highly volatile asset (DOT) and have the possibility that they are outbid in future auctions and find they no longer can have their parachain validated and parathreads don’t provide the guaranteed performance requirements for the application to function.

Avalanche

Avalanche enables permissioned and permissionless subnets and complex rulesets can be configured to meet regulatory compliance. For example a subnet can be created where its mandatory that all validators are from a certain legal jurisdiction, or they hold a specific license and regulated by the SEC etc. Subnets are also able to scale to tens of thousands of validators, and even potentially millions of nodes, all participating in consensus so every enterprise can run their own node rather than only a small amount. Enterprises don’t have to hold large amounts of a highly volatile asset, but instead pay a fee in AVAX for the creation of the subnets and blockchains which is burnt.

Results

Avalanche provides the customisability to run private permissioned blockchains as well as permissionless where the enterprise is in control over who validates the blockchain, with the ability to use complex rulesets to meet regulatory compliance, thus scores ✅✅✅. Cosmos is also able to run permissioned and permissionless zones / hubs so enterprises have full control over who validates a blockchain and scores ✅✅. Polkadot requires locking up large amounts of a highly volatile asset with the possibility of being outbid by competitors and being unable to run the application if the guaranteed performance is required and having to migrate away. The relay chain validates the state transition and can roll back the parachain should an invalid block be detected on another parachain, thus scores ✅.
https://preview.redd.it/7phaylb1ehq51.png?width=1000&format=png&auto=webp&s=d86d2ec49de456403edbaf27009ed0e25609fbff

Interoperability

Cosmos

Cosmos will connect Hubs and Zones together through its IBC protocol (due to release in Q1 2020). Connecting to blockchains outside of the Cosmos ecosystem would either require the connected blockchain to fork their code to implement IBC or more likely a custom “Peg Zone” will be created specific to work with a particular blockchain it’s trying to bridge to such as Ethereum etc. Each Zone and Hub has different trust levels and connectivity between 2 zones can have different trust depending on which path it takes (this is discussed more in this article). Finality time is low at 6 seconds, but depending on the number of hops, this can increase significantly.

Polkadot

Polkadot’s shared state means each parachain that connects shares the same trust assumptions, of the relay chain validators and that if one blockchain needs to be reverted, all of them will need to be reverted. Interoperability is enabled between parachains through Cross-Chain Message Passing (XCMP) protocol and is also possible to connect to other systems through bridges, which are specifically designed parachains or parathreads that each are custom made to interact with another ecosystem such as Ethereum and Bitcoin. Finality time between parachains is around 60 seconds, but longer will be needed (initial figures of 60 minutes in the whitepaper) for connecting to external blockchains. Thus limiting the appeal of connecting two external ecosystems together through Polkadot. Polkadot is also limited in the number of Parachain slots available, thus limiting the amount of blockchains that can be bridged. Parathreads could be used for lower performance bridges, but the speed of future blockchains is only going to increase.

Avalanche

A subnet can validate multiple virtual machines / blockchains and all blockchains within a subnet share the same trust assumptions / validator set, enabling cross chain interoperability. Interoperability is also possible between any other subnet, with the hope Avalanche will consist of thousands of subnets. Each subnet may have a different trust level, but as the primary network consists of all validators then this can be used as a source of trust if required. As Avalanche supports many virtual machines, bridges to other ecosystems are created by running the connected virtual machine. There will be an Ethereum bridge using the EVM shortly after mainnet. Finality time is much faster at sub 3 seconds (with most happening under 1 second) with no chance of rolling back so more appealing when connecting to external blockchains.

Results

All 3 systems are able to perform interoperability within their ecosystem and transfer assets as well as data, as well as use bridges to connect to external blockchains. Cosmos has different trust levels between its zones and hubs and can create issues depending on which path it takes and additional latency added. Polkadot provides the same trust assumptions for all connected parachains but has long finality and limited number of parachain slots available. Avalanche provides the same trust assumptions for all blockchains within a subnet, and different trust levels between subnets. However due to the primary network consisting of all validators it can be used for trust. Avalanche also has a much faster finality time with no limitation on the number of blockchains / subnets / bridges that can be created. Overall all three blockchains excel with interoperability within their ecosystem and each score ✅✅.
https://preview.redd.it/l775gue3ehq51.png?width=1000&format=png&auto=webp&s=b7c4b5802ceb1a9307bd2a8d65f393d1bcb0d7c6

Tokenomics

Cosmos

The ATOM token is the native token for the Cosmos Hub. It is commonly mistaken by people that think it’s the token used throughout the cosmos ecosystem, whereas it’s just used for one of many hubs in Cosmos, each with their own token. Currently ATOM has little utility as IBC isn’t released and has no connections to other zones / hubs. Once IBC is released zones may prefer to connect to a different hub instead and so ATOM is not used. ATOM isn’t a fixed capped supply token and supply will continuously increase with a yearly inflation of around 10% depending on the % staked. The current market cap for ATOM as of the time of this writing is $1 Billion with 203 million circulating supply. Rewards can be earnt through staking to offset the dilution caused by inflation. Delegators can also get slashed and lose a portion of their ATOM should the validator misbehave.

Polkadot

Polkadot’s native token is DOT and it’s used to secure the Relay Chain. Each parachain needs to acquire sufficient DOT to win an auction on an available parachain lease period of up to 24 months at a time. Parathreads have a fixed fee for registration that would realistically be much lower than the cost of acquiring a parachain slot and compete with other parathreads in a per-block auction to have their transactions included in the next relay chain block. DOT isn’t a fixed capped supply token and supply will continuously increase with a yearly inflation of around 10% depending on the % staked. The current market cap for DOT as of the time of this writing is $4.4 Billion with 852 million circulating supply. Delegators can also get slashed and lose their DOT (potentially 100% of their DOT for serious attacks) should the validator misbehave.

Avalanche

AVAX is the native token for the primary network in Avalanche. Every validator of any subnet also has to validate the primary network and stake a minimum of 2000 AVAX. There is no limit to the number of validators like other consensus methods then this can cater for tens of thousands even potentially millions of validators. As every validator validates the primary network, this can be a source of trust for interoperability between subnets as well as connecting to other ecosystems, thus increasing amount of transaction fees of AVAX. There is no slashing in Avalanche, so there is no risk to lose your AVAX when selecting a validator, instead rewards earnt for staking can be slashed should the validator misbehave. Because Avalanche doesn’t have direct slashing, it is technically possible for someone to both stake AND deliver tokens for something like a flash loan, under the invariant that all tokens that are staked are returned, thus being able to make profit with staked tokens outside of staking itself.
There will also be a separate subnet for Athereum which is a ‘spoon,’ or friendly fork, of Ethereum, which benefits from the Avalanche consensus protocol and applications in the Ethereum ecosystem. It’s native token ATH will be airdropped to ETH holders as well as potentially AVAX holders as well. This can be done for other blockchains as well.
Transaction fees on the primary network for all 3 of the blockchains as well as subscription fees for creating a subnet and blockchain are paid in AVAX and are burnt, creating deflationary pressure. AVAX is a fixed capped supply of 720 million tokens, creating scarcity rather than an unlimited supply which continuously increase of tokens at a compounded rate each year like others. Initially there will be 360 tokens minted at Mainnet with vesting periods between 1 and 10 years, with tokens gradually unlocking each quarter. The Circulating supply is 24.5 million AVAX with tokens gradually released each quater. The current market cap of AVAX is around $100 million.

Results

Avalanche’s AVAX with its fixed capped supply, deflationary pressure, very strong utility, potential to receive air drops and low market cap, means it scores ✅✅✅. Polkadot’s DOT also has very strong utility with the need for auctions to acquire parachain slots, but has no deflationary mechanisms, no fixed capped supply and already valued at $3.8 billion, therefore scores ✅✅. Cosmos’s ATOM token is only for the Cosmos Hub, of which there will be many hubs in the ecosystem and has very little utility currently. (this may improve once IBC is released and if Cosmos hub actually becomes the hub that people want to connect to and not something like Binance instead. There is no fixed capped supply and currently valued at $1.1 Billion, so scores ✅.
https://preview.redd.it/zb72eto5ehq51.png?width=1000&format=png&auto=webp&s=0ee102a2881d763296ad9ffba20667f531d2fd7a
All three are excellent projects and have similarities as well as many differences. Just to reiterate this article is not intended to be an extensive in-depth list, but rather an overview based on some of the criteria that I feel are most important. For a more in-depth view I recommend reading the articles for each of the projects linked above and coming to your own conclusions, you may have different criteria which is important to you, and score them differently. There won’t be one platform to rule them all however, with some uses cases better suited to one platform over another, and it’s not a zero-sum game. Blockchain is going to completely revolutionize industries and the Internet itself. The more projects researching and delivering breakthrough technology the better, each learning from each other and pushing each other to reach that goal earlier. The current market is a tiny speck of what’s in store in terms of value and adoption and it’s going to be exciting to watch it unfold.
https://preview.redd.it/fwi3clz7ehq51.png?width=1388&format=png&auto=webp&s=c91c1645a4c67defd5fc3aaec84f4a765e1c50b6
xSeq22x your post has been copied because one or more comments in this topic have been removed. This copy will preserve unmoderated topic. If you would like to opt-out, please send a message using [this link].
submitted by anticensor_bot to u/anticensor_bot [link] [comments]

Minter Network Submission to The Reddit Scaling Bake-Off

Minter Network Submission to The Reddit Scaling Bake-Off

Minter Community's Open Letter to Reddit
Deaall,
We were thrilled to find out Reddit was going to use distributed ledger technology for driving user engagement, interaction, and loyalty. The front page of the Internet switching to Web 3.0 is something you don’t see every day: fifteen years into existence, you’re once again on the cutting edge of innovation.
“There are plenty of awesome projects that we don’t know about yet,” reads the text you put up recently. “Most existing scaling solutions focus on the exchange use case.” What we would like to offer here in this letter is an alternative: although Minter is separate from Ethereum, the project’s top priority is enabling brands — small, medium, and large alike — to implement blockchain-powered incentive and reward mechanisms into their operation.
Every facet of our network is tailored to this very need:
  • The transaction is finalized in five seconds
  • The fee never exceeds one cent
  • The scalability is up to 180 million daily transactions
  • Any community (think of subreddits) can issue their own coin in just 60 seconds, which can be then swapped not only for one another, but also for items such as iTunes gift cards, XBOX subscriptions, or any of the remaining 18,000 options — proving Minter provides a global solution aimed to achieve the goal you’ve set
  • Easy-to-use, user-centric wallets are available across all platforms
  • Our blockchain — as well as the vast majority of services built atop it — is open-source, and the documentation is detailed
Demo
100 transactions within 4.72 seconds - this block in the mainnet
100*(60/4.72)*60*24 = 1 830 508 transactions / day 
The price of 1.8ml transactions is 9244 BIP tokens or $75 with the current BIP price (reference)
Point claims, transfers, point burning, subscriptions can be handled by blockchain utilizing transaction payload feature.
Scaling
Currently, the blockchain has an ability to proceed 10 000 transactions per block, it means that Minter is scalable up to 183 050 800 daily transactions, if necessary.
Decentralization and Security
In Minter, we implemented the Delegated Proof of Stake (dPoS) Consensus Protocol. Minter Blockchain utilizes:
Tendermint Consensus Engine 
dPoS is the fastest, most efficient, most decentralized, and most flexible consensus model available. dPoS leverages the power of stakeholder approval voting to resolve consensus issues in a fair and democratic way.
Minter blockchain now has 58 independent validators producing 1 block per 5 sec.
Usability
If Reddit would use Minter as their blockchain for Community points then all Redditors:
- would not have problems with everyday coin operations, as Minter has well developed user-centric wallet apps for main platforms, iOS, Android, Web. Taste yourself!
- would have their transactions processed within 5 seconds. Is it a reasonable amount of time? We think it is much more than that, it is pretty awesome.
- would never pay more than one Cent per transaction.
- would easily see the whole transaction history in the app or via blockchain export.
Issue subreddit coins in just 60 seconds, swap not only for one another, but also for items such as iTunes gift cards, XBOX subscriptions, or any of the remaining 18,000 options.
Interoperability
Minter team has developed a comprehensive toolset for third-party developers, which includes the Console, SDK, and API for advanced integration. Our blockchain — as well as the vast majority of services built atop it — is open-source.
Some numbers
  • May 15, 2019 - mainnet launch
  • 1,557 - active coins
  • Over 9ml - transactions
  • Over 7,6ml - blocks
  • 4.63 - avg. seconds per block
  • 58 - blockchain validators and growing
  • Over 100 000 - BIP Wallet downloads
Green light
All we ask for is a green light to integrate any of the Reddit communities into our platform, seeing hundreds of millions of transactions in branded coins each and every day. One week is the time we need to make it work.
We would like to take this moment to thank the entire Reddit team for striving to make the Internet a better place. And if you are interested in the proposition we outlined above, please don’t hesitate to contact Mikhail for further communication.
Also, please check our article: Blockchain Reward System: Reddit Case Study
Best regards,
Minter community
P.S. To learn more about the network itself, see minter.org. If you want to try out our lightning-fast wallets, please visit bip.to.
submitted by MkSpriing to ethereum [link] [comments]

Powerpool: The next YFI and Delphi's latest pick 👀🔥

PowerPool, all the best bits of a Grassroots Project, with all the Hype of a centralized project
Abstract
Governance tokens have a massive impact on Ethereum ecosystems playing a vital role in the operation of protocols in the billion-dollar Defi industry.
Currently, users don't get the best utility from such tokens and are less engaged due to:
  1. Not being able to impact and influence votes
  2. Not earning income from their tokens
PowerPool fixes that by pooling governance tokens, allowing the token holders to lend, pool, borrow governance tokens, gain income and accumulate governance power.
PowerPool’s mission is to expand the utility of governance tokens to the end-users and provide a new level of coordination of decision making in the Defi ecosystem.
The Mainnet has not been released so you can still be early
Hype Points:
Amazing validation by key members of crypto
Meltem Demirrors 110k followers, voice of authority for crypto
OKEX listing1
Had over 15 thousand applications to help with the testnet
Insanely Smart, just read the medium
Partnered with Matic
The Token:
The CVP token can be received only via liquidity mining (in testnet rounds and in the near future on mainnet). There is no pre-mine or token sale. This is a YFI type deal.
"CVP is a token which aggregates the governance power at the meta-protocol level. Because CVP token holders decide how pooled tokens will vote, its value in essence is -combining and sharing the value of all governance tokens pooled in PowerPool.
The more Power Pools with GTs are in the system, the more value is captured by CVP. We should clarify that here we are talking about its fundamental economic value and not its speculative value or token price."
The bigger power pool gets, the more the inherent value of the token increases.
And baby, there are a lot of governance tokens...
Token Economics/is there a premine?:
"We believe that the most sustainable and safe way to launch a new DeFi protocol is the so-called staged testnet approach. It is connected with the aim of making protocol usage safe and low-risk, while also allowing for intensive testing/bug fixing/other input into the protocol by community members.
As mentioned above, we decided that the zero pre-mine/zero team allocation is the best approach for protocol bootstrapping, as this respects LPs and enhances their motivation to participate in the Protocol. As such, all CVP tokens will be mined in three testnet rounds (15% of TTS) and Mainnet (85% of TTS). Per the table below, the Community Pool allocation is also an allocation for liquidity mining on DEXes such as Balancer, Uniswap, and others. This allocation serves the purpose of incentivizing liquidity mining."
Quote from Delphi, the paid newsletter! "How valuable is governance? In many ways, control is everything. It’s the power to change strategy, alter the economics and decide who reaps the benefits. Governance is an area our team has focused on heavily recently, as evidenced by our entry into DXdao. In that situation, one appealing factor was the ability to vertically integrate the DeFi stack under one governance structure. DXdao would expand its portfolio of DeFi applications either through forking existing protocols or developing new products in-house to further differentiate its offering. There is an alternative strategy for arriving at a similar place though. You can either create a DeFi “conglomerate” by building the diverse suite of services in-house, or you can create it by capturing governance in existing protocols which already have adoption. It’s the latter idea that made PowerPool’s new model so fascinating to us."

The Drawback/Disclaimer:
While there isn't a pre-mine, testers have gotten a large allocation, so you may be trading with some whales. However, this is a grassroots project, and all community members involved are keen on the long term vision.
Additional Resources: Reddit being weird with links
so just https://powerpool.finance/#advantages for now, will comment additional links


Drop any questions below!
submitted by AProudSkeletonFather to CryptoMoonShots [link] [comments]

Can Blockchain Gaming Drive Cryptocurrency Adoption?

Can Blockchain Gaming Drive Cryptocurrency Adoption?
The gaming industry, with its approximately 2.5 billion gamers worldwide, is a lucrative target and an immense field of application for blockchain itself, Bitcoin and other cryptocurrencies that could no doubt give a mighty push toward taking and making the technology mainstream. Honestly, this is not quite a news as the efforts to establish cryptocurrencies in the entertainment sector have gone a long way, with varying degrees of success.
by StealthEX
What they were, how it fared, and where things are going now – these questions deserve their own inquiry. So let’s take a look at how gaming facilitates cryptocurrency adoption, in what ways, and whether exposing the blockchain tech to a user base of a third of the world’s population would help oil the wheels of this sportster in a major way and ultimately cause a tectonic shift in the gaming industry itself.

A Little Bit of History

As Bitcoin kicked off in late 2008, with its first transaction hitting, or effectively starting, the blockchain in early January of 2009, it had taken well over two years till the cryptocurrency got involved in online gambling. It was the now-defunct mobile poker platform, Switchpoker, a developer of an online poker room that started to accept Bitcoin as a deposit and payment option. You can still find a topic on Bitcointalk.org about this news dated back to November 23, 2011.
In April 2012, Erik Voorhees, an American entrepreneur and early Bitcoin adopter, founded Satoshi Dice, arguably the oldest online cryptocasino on the block, which is still pretty much alive today, although Voorhees sold it in a year. What makes it truly intriguing is the fact that during its early years the casino was generating half of all the transactions on the Bitcoin network. In short, online gambling was critically important in Bitcoin’s infancy years as it helped promote cryptocurrency awareness that led to future growth and expansion into other areas.
Some folks are certainly going to argue that gambling is not the same thing as gaming. The commonly accepted view is that gaming is based on skill while gambling on chance. We won’t debate over this point. However, as every poker player knows, the outcome of a poker game depends not only on luck, but also on skill and expertise. Put simply, there are large gray areas and overlaps. All things considered, our exposition would be missing a big chunk of significant history without giving due credit to gambling and how it helped Bitcoin adoption.
Now that online gambling is off our chest, we can safely turn to gaming as it is understood in the industry, and look at how it helped the blockchain space. One of the first uses of Bitcoin in a major game that we are aware of started in 2014 with the launch of BitQuest, a Minecraft server that used Bitcoin for in-game transactions. Within the gaming environment you could buy valuable in-game stuff from other users with the so-called bits, small fractions of a Bitcoin, and earn them by completing in-game tasks or challenges like killing local monsters.
BitQuest closed the server in summer of 2019, and its brand name now belongs to a different entity not involved with gaming, but it still produced an impact. In essence, this effort successfully demonstrated how a cryptocurrency, in this case Bitcoin, can be used in lieu of a native in-game currency that players can earn, buy and spend as well as withdraw. This has serious implications for two main reasons. First, Bitcoin, unlike any other purely in-game currency, has uses outside the game and its ecosystem, and, second, its supply cannot be manipulated by the game developers, which makes the game by far more fair and square.
Needless to say, the example that BitQuest had set encouraged other market participants to look into Bitcoin as an alternative option for in-game currencies. Another popular Minecraft server, PlayMC, also introduced Bitcoin into its world in 2015, but ceased the operation just two years later. There were a few other servers experimenting with altcoins, more specifically, Dogecoin, but most of them disappeared from the scene shortly thereafter, failing to attract enough die-hard Minecraft fans.

What Has Changed?

With the arrival of smart contract-enabled blockchains such as Ethereum, EOS and TRON, the phrase “blockchain gaming” has taken on a more literal meaning as these blockchains allow games to be designed and played entirely on-chain in much the same manner trades are made on a decentralized exchange. While TRON stands for “The Real-time Operating system Nucleus”, there is an obvious reference to a once popular arcade game based on a titular 1982 science fiction film that ultimately garnered a cult following.
CryptoKitties is likely the most popular game ever released in the Ethereum ecosystem and probably in the whole crypto space so far. Its test version was made available on October 19, 2017, and it was an instant success. By the end of 2017 over 200,000 people signed up for the game, spending over $20 million in Ether. We won’t delve into its “gameplay” as it is beyond the scope of this article, and most certainly you are well familiar with it anyway. But what we absolutely should write about is the effect it made and the repercussions it produced.
It could be said that CryptoKitties was to the Ethereum blockchain what Satoshi Dice had been to Bitcoin in the early days of crypto. At the peak of its popularity the game reportedly accounted for 20-25% of all Ethereum’s traffic that clogged the entire Ethereum network, with transaction fees skyrocketing. No wonder lots of people got pissed off with this turn of events. However, despite all the rage and fury, CryptoKitties amply demonstrated what a success means in the blockchain gaming field, how it looks and feels in practice.
It is hard to estimate how much CryptoKitties contributed to cryptocurrency adoption. But given that a few hundred thousand people got involved in this game alone and many more with dozens of blockchain games that it has spawned, like Etherbots, Gods Unchained, The Six Dragons, etc, this indisputable triumph surely counts as a massive contribution by any definition or metric. Moreover, it also revealed the weaknesses of the contemporary blockchain solutions and what exactly should be done to overcome them.
Evolution never goes linearly. In fact, it generally doesn’t go in curves, circles, or zig zags, either. It always moves along very diverse routes, directions and entire dimensions like plants and animals, viruses and bacteria, and, well, dinosaurs and mammals. The evolution of gaming in crypto space is no different. СryptoKitties and other games share essentially the same tech under the hood – building games on some advanced general-purpose blockchain such as Ethereum. But it is not the only front that crypto gaming has been advancing on, nor is it the only way to introduce gaming to cryptocurrencies, and vice versa.
A more recent approach is based on designing either a standalone cryptocurrency or a token on a smart contract-enabled blockchain to be used across many games that support it as an in-game currency. As a result, gamers can enjoy true ownership of their in-game assets (the so-called non-fungible tokens, or NFTs), safe item trading outside the game, and cross-game compatibility. This path has been taken by such projects as Enjin (ENJ), GAME Credits (GAME), Decentraland (MANA), WAX (WAXP) and others, with their respective cryptocurrencies fueling a range of games.
A somewhat different avenue is taken by Funfair (FUN), Chromia (CHR) and Lucid Sight, which are offering platforms that blockchain games can be built on. Thus, Lucid Sight’s Scarcity Engine is focused more on game creators than end users, that is to say, gamers, allowing developers to integrate blockchain into their games. It aims to obliterate the difference between blockchain-based games and traditional gaming platforms. Funfair, on the other hand, leans more toward creating custom-built blockchain casinos, with its FUN token as a casino “chip”. So much for no more gambling, huh.
Our account of events would be incomplete if we didn’t mention yet another attempt to make use of Minecraft for the purpose of introducing cryptocurrencies to the gaming public. This time, a new Minecraft mod called SatoshiQuest has emerged. To participate in it, the gamers pay $1 in Bitcoin and get one in-game life. The pooled coins make up the loot, and the challenge is to find a minimum of 400 key fragments into which the keys to the Bitcoin wallet containing the prize are divided. And who said that evolution doesn’t loop?

Challenges and Future Prospects

The knockout popularity of СryptoKitties has clearly shown the scale of cryptocurrency mass adoption that blockchain gaming can trigger. As the game developers themselves put it, their “goal is to drive mainstream adoption of blockchain technology”. They believe that “the technology has immense benefits for consumers, but for those benefits to be realized, it needs to be experienced to be understood”. Speaking more broadly, as more people start using cryptocurrencies for gaming, they may eventually become interested in using their coins for purposes other than playing one game or another.
With that said, it is now as clear that there are two main barriers on the way there. The first is the limitations of the blockchain tech itself that essentially limits blockchain gaming to NFTs, in-game currencies, streamlined payments, and similar stuff. This is mostly a technical challenge anyway, and we could realistically expect it to be solved sooner or later. The other issue is applicable to the gaming industry as a whole. People en masse would only play games that are truly engaging and immersive, technical issues aside.
So the bottom line is that we need the convergence of these two vectors to make blockchain a dominating force in the gaming industry. First, the blockchain tech should have the capacity for running multiplayer games that major video game developers like Blizzard, Valve and Ubisoft produce, no trade-offs here. Then, we actually need the games like Warcraft, Counter-Strike or Far Cry that can be played on blockchain, to make it matter. Only after we get there, the gaming industry will likely become a primary driver behind cryptocurrency adoption.
What are your thoughts on how gaming facilitates cryptocurrency adoption? Tell us your ideas in the comments below.
And remember if you need to exchange your coins StealthEX is here for you. We provide a selection of more than 250 coins and constantly updating the list so that our customers will find a suitable option. Our service does not require registration and allows you to remain anonymous. Why don’t you check it out? Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example BTC to ETH.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [[email protected]](mailto:[email protected]).
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/09/22/can-blockchain-gaming-drive-cryptocurrency-adoption/
submitted by Stealthex_io to StealthEX [link] [comments]

Minter Community's Open Letter to Reddit

Minter Community's Open Letter to Reddit
Deaall,
We were thrilled to find out Reddit was going to use distributed ledger technology for driving user engagement, interaction, and loyalty. The front page of the Internet switching to Web 3.0 is something you don’t see every day: fifteen years into existence, you’re once again on the cutting edge of innovation.

Reddit and the Reddit logo are trademarks of Reddit Inc.
“There are plenty of awesome projects that we don’t know about yet,” reads the text you put up today. “Most existing scaling solutions focus on the exchange use case.” What we would like to offer here in this letter is an alternative: although Minter is separate from Ethereum, the project’s top priority is enabling brands — small, medium, and large alike — to implement blockchain-powered incentive and reward mechanisms into their operation.
Every facet of our network is tailored to this very need:
  • The transaction is finalized in five seconds
  • The fee never exceeds one cent
  • The scalability is up to 100 million daily transactions (if necessary)
  • Any community (think of subreddits) can issue their own coin in just 60 seconds, which can be then swapped not only for one another, but also for items such as iTunes gift cards, XBOX subscriptions, or any of the remaining 18,000 options — proving Minter provides a global solution aimed to achieve the goal you’ve set
  • Easy-to-use, user-centric wallets are available across all platforms
  • Our blockchain — as well as the vast majority of services built atop it — is open-source, and the documentation is detailed
All we ask for is a green light to integrate any of the Reddit communities into our platform, seeing hundreds of millions transactions in branded coins each and every day. One week is the time we need to make it work.
We would like to take this moment to thank the entire Reddit team for striving to make the Internet a better place. And if you are interested in the proposition we outlined above, please don’t hesitate to contact Mikhail for further communication.
Best regards,
Minter community
P.S. To learn more about the network itself, see minter.network. If you want to try out our lightning-fast wallets, please visit bip.to.
submitted by elgold to Minter [link] [comments]

Ethereum on ARM. New Eth2.0 Raspberry pi 4 image for automatically joining Prylabs Onyx Eth2.0 testnet. Step-by-step guide for installing and activating a validator.

TL;DR: Flash your Raspberry Pi 4, plug in an ethernet cable, connect the SSD disk and power up the device to join the Eth2.0 Onyx testnet.
The image takes care of all the necessary steps to join the Eth2.0 Onyx testnet [1], from setting up the environment and formatting the SSD disk to installing and running the Ethereum Eth1.0 and Eth2.0 clients as well as starting the blockchains synchronization (for both Geth Eth1.0 Goerli [2] and Prysm [3] Eth2.0 Beacon Chain).
You will only need to create a validator account, send the deposit of 32 Goerli ETH to the Onyx contract and start the validator systemd service.
MAIN FEATURES
SOFTWARE INCLUDED

INSTALLATION GUIDE AND USAGE

RECOMMENDED HARDWARE AND SETUP
STORAGE
You will need and SSD to run the Ethereum clients (without an SSD drive there’s absolutely no chance of syncing the Ethereum blockchain). There are 2 options:
In both cases, avoid getting low quality SSD disks as it is a key component of you node and it can drastically affect the performance (and sync times). Keep in mind that you need to plug the disk to an USB 3.0 port (in blue).
IMAGE DOWNLOAD AND INSTALLATION
1.- Download the image:
http://www.ethraspbian.com/downloads/ubuntu-20.04-preinstalled-server-arm64+raspi-eth2-onyx.img.zip
SHA256 13bc7ac4de6e18093b99213511791b2a24b659727b22a8a8d44f583e73a507cc
2.- Flash the image
Insert the microSD in your Desktop / Laptop and download the file:
Note: If you are not comfortable with command line or if you are running Windows, you can use Etcher [8]
Open a terminal and check your MicroSD device name running:
sudo fdisk -l 
You should see a device named mmcblk0 or sdd. Unzip and flash the image:
unzip ubuntu-20.04-preinstalled-server-arm64+raspi-eth2-onyx.img.zip sudo dd bs=1M if=ubuntu-20.04-preinstalled-server-arm64+raspi.img of=/dev/mmcblk0 conv=fdatasync status=progress 
3.- Insert de MicroSD into the Raspberry Pi 4. Connect an Ethernet cable and attach the USB SSD disk (make sure you are using a blue port).
4.- Power on the device
The Ubuntu OS will boot up in less than one minute but you will need to wait approximately 7 minutes in order to allow the script to perform the necessary tasks to join the Onyx testnet (it will reboot again)
5.- Log in
You can log in through SSH or using the console (if you have a monitor and keyboard attached)
User: ethereum Password: ethereum 
You will be prompted to change the password on first login, so you will need to log in twice.
6.- Forward 30303 and 13000 ports in your router (both UDP and TCP). If you don’t know how to do this, google “port forwarding” followed by your router model.
7.- Getting console output
You can see what’s happening in the background by typing:
sudo tail -f /valog/syslog 
7.- Grafana Dashboards
There are 2 Grafana dashboards to monitor the node (see section “Grafana Dashboards below”.
See [9]

The Onyx Eth2.0 testnet

Onyx is an Eth2.0 testnet created by Prylabs according to the latest official specification for Eth2.0, the v0.12.1 [10] release (which is aimed to be the final).
In order to run an Onyx Eth 2.0 node you will need 3 components:
The image takes care of the Eth1.0 Geth and Eth2.0 Beacon Chain configurations and syncs. So, once flashed (and after a first reboot), Geth (Eth1.0 client) starts syncing the Goerli testnet and the Beacon Chain (Eth2.0 client) gets activated through the Prysm client, both as systemd services.
When the Goerli testnet sync is completed, the Beacon Chain starts syncing. Both chains are necessary as the validator needs to communicate with them (as explained below).
Activating the validator
Once Goerli and the Beacon chain are in sync you have just one task left, configure the Validator for enabling the staking process.
The image provides the Prysm validator client for running the staking process. With this validator, you will create an account with 2 keys (public and private) and get an HEX string that needs to be sent to the Eth 1.0 blockchain as data through a 32 ETH transaction.
The Beacon Chain (which is connected to the Eth1 chain) will detect this deposit (which includes the validator public key) and the Validator will be activated.
So, let’s get started. Geth Goerli testnet and the Beacon Chain are already syncing in the background. Goerli will sync in about 1 hour and the Beacon Chain in about 2 hours (so this will take 3 hours overall).
The easiest way to enable a Prysm validator is to use the Prylabs web portal to get Goerli ETH (testnet ETH) and follow their instructions:
https://prylabs.net/participate
Let’s break this down:
Step 1) Get Prysm
Nothing to do here. Prysm is already installed.
Step 2) Get GöETH — Test ETH
We need 32 ETH to stake (it is fake ETH as this is a tesnet). Prylabs created a faucet with a great UI so you can easily get 32.5 Goerli ETH.
You will need a web3 provider to use the faucet. Install Metamask browser extension (if you don’t have it running yet). Create an account and set the network to “Goerli test network” (on the top of the Metamask screen). Now, click once in “Metamask” and then click “Need GoETH?” button. Confirm the transaction.
Once funded, you will see something like this:
You are 0x0b2eFdbFB8EcaF7F4eCF6853cbd5eaD86510d63C and you have 32.5 GöETH. 
Step 3). Generate a validator public / private key
Go to your Raspberry Pi console and run the following command (make sure you are logged in with your ethereum user):
validator accounts create 
Press return to confirm the default path
Enter a password twice (you will need it later to run the validator so write it down and be careful). Once finished, your account will be created (under the /home/ethereum/.eth2validators directory) containing, among other info, your validator keys. Additionally you will get the deposit data as follows (this is an example):
========================Deposit Data======================= 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 =================================================================== ***Enter the above deposit data into step 3 on https://prylabs.net/participate*** 
Copy this data (just the hexadecimal part, from 0x to the last number), go back to step 3 of Prylabs website and paste it into the field “Your validator deposit data”.
Step 4) Start your beacon chain & validator clients
Beacon chain is already running in the background so let’s configure the validator. Just edit the /etc/ethereum/prysm-validator.conf file and replace “changeme” string with your password (you can use nano or vim editors). Now run:
sudo systemctl enable prysm-validator && sudo systemctl start prysm-validator 
Check if everything went right by running:
sudo systemctl status prysm-validator 
Step 5) Send a validator deposit
We are almost there. Just click the “Make deposit” button and confirm the transaction.
Done!
Now you need to wait for the validator to get activated. In time, the beacon chain will detect the 32 ETH deposit (which contains the validator public key) and the system will put your validator in queue. These are the validator status that you will see during the activation process:

Grafana Dashboards

We configured 2 Grafana Dashboards to let users monitor both Eth1.0 and Eth2.0 progress. To access the dashboards just open your browser and type your Raspberry IP followed by the 3000 port:
http://replace_with_your_IP:3000 user: admin passwd: ethereum 
There are 3 dashboards available:
Lot of info here. You can see for example if Geth is in sync by checking (in the Blockchain section) if Headers, Receipts and Blocks are aligned or easily find the validator status.

Whats's next

We are planning a new release for a multi testnet Eth2.0 network including Prysm, Teku and Lighthouse client (and hopefully Nimbus).

Gitcoin Grant

Gitcoin Grants round 6 is on!. If you appreciate our work, please consider donating. Even $1 can make the difference!
https://gitcoin.co/grants/384/ethereum-on-arm
Follow us on Twitter. We post regular updates and info you may be interested in!
https://twitter.com/EthereumOnARM

References

  1. https://medium.com/prysmatic-labs/introducing-the-onyx-testnet-6dadbd95d873
  2. https://goerli.net
  3. https://docs.prylabs.network/docs/getting-started/
  4. https://www.reddit.com/ethereum/comments/gf3nhg/ethereum_on_arm_raspberry_pi_4_images_release/
    1. Installation script: https://github.com/diglos/pi-gen/blob/ethraspbian2.0/stage2/04-ethereum/files/rc.local.eth2.onyx
  5. https://github.com/ethereum/go-ethereum/releases/tag/v1.9.15
  6. https://github.com/prysmaticlabs/prysm/releases/tag/v1.0.0-alpha.13
  7. https://grafana.com/
    1. Prysm Dashboard: https://github.com/GuillaumeMiralles/prysm-grafana-dashboard/tree/master
  8. https://etcher.io
  9. https://twitter.com/EthereumOnARM/status/1277184480189517824
  10. https://github.com/ethereum/eth2.0-specs/releases
  11. https://github.com/goerli/altona
submitted by diglos76 to ethereum [link] [comments]

Is Cryptocurrency Really The Future?

Is Cryptocurrency Really The Future?
Over the past decade, cryptocurrency has become a breaker of old approaches in monetary policy, finance, economics, and e-commerce. The speed at which the crypto industry is growing today is very impressive. The global cryptocurrency market volume is predicted to reach $1,758 million by 2027 with a compound annual growth rate of 11.2%.
by StealthEX
More and more people are getting faced with the digital currency so the questions on the future of cryptocurrencies are becoming especially relevant today. So what is the future of cryptocurrency? In this article, we’ll try to figure this out.
Predicting the crypto world’s future is impossible without knowing the current situation on the cryptocurrencies market.

What trends can we observe today?

• Nowadays the crypto market is in its formation stage. We can see an increase in the number of areas where blockchain technology is getting involved. The COVID19 and panic that it caused in the markets are also accelerating cryptocurrency adoption.
• Any cryptocurrencies rate is rigidly tied to the situation in the crypto market.
• Bitcoin and Ethereum are the biggest influencers in the cryptocurrency market.
• Investors are paying attention to the crypto projects that are aimed to create platforms for launching decentralized applications (dApps).
• Significant growth of decentralized finance (DeFi).
• Decentralized Internet (Web 3.0) is actively increasing and creating the basis for the Internet of Things development.
The growth of digital currencies around the world allows making some predictions about the future of crypto market. Let’s look ahead to the future and try to forecast the prospective trends in the crypto world development.

Bitcoin’s reign will not end

The first thing that worries many crypto holders is “What will happen to Bitcoin”?
The ups and downs of Bitcoin’s rate, rumors about the next hard fork, legalization in some countries, and prohibition in others — all these kinds of news makes people guess what will come up with the most popular coin. Experts have different opinions from a complete drop in price to the status of the only currency in the world.
Most experts are leaning towards that Bitcoin will maintain its current positions and even strengthen them. For example, John McAfee, businessman and computer programmer, says:
“You can’t stop things like Bitcoin. It’s like trying to stop gunpowder.”
He also made a bet that if Bitcoin will not cost $500,000 by the end of December 2020 he will eat his own…well, you know.
James Altucher, American hedge-fund manager, author, podcaster and entrepreneur, is not sure that BTC price will reach 1 000 000 USD:
“Will it be a million dollars in 2020? Maybe. Will it be 2021? 2022? Who knows.”
He also predicted that:
“At least one country’s currency is likely to fail soon — likely Argentina or Venezuela. This will lead to mass adoption of Bitcoin among that populace. That will in turn lead to Bitcoin rising by more than $50,000 when it happens.”
And just a few days after this forecast, the Venezuelan President announced that they are planning to release national crypto called El Petro. Right now a lot of countries like China, Tunisia, Senegal, Sweden, Singapore, Uruguay, Thailand, Turkey, and Iran are also working on the creation of national cryptocurrency.
So what will happen to Bitcoin? No one knows. The only thing in which many experts agree is that Bitcoin will stay as a “gold standard” in the crypto world for a long time.

Cryptocurrencies will be mainstream

“Cryptocurrencies is a fashionable investment and a sign of belonging to the special community” — this idea is actively promoted by various sports organizations, popular performers, public figures that release their own altcoins.
According to CoinMarketCap, there are already more than six thousand cryptocurrencies, and their total capitalization is $353 billion. A couple of years ago, the digital currency was almost unknown to anyone except geek developers and crypto enthusiasts. However, things are changing: prospects for businesses, rising prices, and strong community support will step by step make cryptocurrencies mainstream around the world.

Market volatility will not disappear

Cryptocurrencies are unstable by their nature, and their volatility is one of the reasons why someone becomes a millionaire and the others lose fortunes.
The strong volatility of crypto is caused by the fact that they are still at an early stage of development. Cryptocurrencies have huge growth potential if they can enter the mass market.
But every news about cryptocurrencies either hints at the possibility of markets going down or rising up. The volatility in the cryptocurrency markets will continue to be felt as the news affects the market, and it is only at the stage of rapid development.

The future of trading — decentralized exchanges

In the near future, we will see a prime of decentralized exchanges. Many believe that DEXes is not yet ready for mass adoption. But there are factors for a favorable development of events.
First of all, centralized exchanges don’t fit the purpose of cryptocurrencies cause the key advantage of digital coins is decentralization. In decentralized exchanges, transactions can be made directly between users (peer-to-peer) without the need for a trusted intermediary, which means there are no transaction fees for users.
On top of this, decentralized exchanges are much more secure against hackers as there no single point of failure like in centralized exchanges. Everyone knows the cases with Mt.Gox, Bitfinex, Coincheck when people lost millions and millions. The need for more security will lead users to decentralized exchanges.

The rise of crypto loans

“Cryptocurrency is convenient to take on credit” — not long ago this idea seemed like a wild ride since the digital currency has high volatility. But today the popularity of lending in digital currencies is increasing and here are the main reasons:
• Low-interest rates.
• Increase in the number of traders and investors for whom receiving funds immediately in cryptocurrencies is convenient.
• A simplified system of requirements for borrowers, those who hadn’t been approved for bank loans could easily receive digital money.
Nowadays, the entire crypto loaning industry is estimated at $4.7 billion and the number of crypto loan platforms will continue growing.

Regulators gonna regulate

In the early days of cryptocurrencies history, traditional financial institutions sharply criticized crypto enthusiasts. The crypto market, however, has proven that it is sturdy against these kinds of attacks. Nowadays traditional institutions’ opinion regarding cryptocurrency is changing. In the future, stakeholders can have an increase in the flow of funds from Wall Street to cryptocurrencies.
There is no doubt that this will require more transparency and regulation in the crypto market. Today government and regulatory agencies around the world, including the U.S. Securities and Exchange Commission, Federal Bureau of Investigation, United States Department of Homeland Security, and the Financial Crimes Enforcement Network (and this is only within the US borders) are giving more and more attention to cryptocurrencies. The regulation of the crypto in different states is realizing in diverse ways: in some countries, it is legally recognized as a means of payment, in others its use is prohibited.
The G20 summit participants, following the discussions on cryptocurrencies, came to the conclusion that a complete prohibition of crypto will not solve anything as nowadays the digital currency plays a significant role in the economy. And if the digital currency cannot be prohibited, it must be regulated:
“Technological innovations can deliver significant benefits to the financial system and the broader economy. While crypto-assets do not pose a threat to global financial stability at this point, we are closely monitoring developments and remain vigilant to existing and emerging risks.”
As we can see the world is changing very quickly. The speed with which cryptocurrencies are integrating into the global financial system is a clear indicator that traditional financial institutions can no longer have a monopoly on the management of financial flows.
The year 2020 is the start of a new decade for the cryptocurrency industry. The next ten years will bring us key changes in traditional finance when blockchain and cryptocurrencies will become a daily thing in most countries of the world.
What are your thoughts on the future of cryptocurrencies? Tell us your ideas in the comments below.
And remember if you need to exchange your coins StealthEX is here for you. We provide a selection of more than 250 coins and constantly updating the list so that our customers will find a suitable option. Our service does not require registration and allows you to remain anonymous. Why don’t you check it out? Just go to StealthEX and follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example BTC to ETH.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins.
Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [email protected].
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/09/15/is-cryptocurrency-really-the-future/
submitted by Stealthex_io to StealthEX [link] [comments]

ZYFSERVER✖ANIME |DEDICATED ANIME SERVICE | P4S | Plex share | EU | CDN | $5 USD | SUBBED | DUBBED | DUAL|

https://preview.redd.it/qvmyxnmv9gr51.png?width=550&format=png&auto=webp&s=ab3ad48f029141684122502d182adee594b0289c
This is a new server offered by ZYFSERVER, our aim is to provide a solid streaming performance and for anime specifically, the library consists of our own content along with Kodama's and is a large curated anime library. We strive to get any show that our users may want and make sure that they also have a good experience.
We are selling shares at $5 with the use of code ANIME at checkout! this will be a limited-time price as we are launching our dedicated anime service.
Please contact me through reddit to purchase!
Server Type: Pay for Share (PLEX)
Server Location: USA (Great peering around the world)
Direct Play: Enabled
Direct Stream: Enabled
Transcode: Enabled (Dedicated GPU)
Total concurrent streams: 1
Content offered
Information
Content Type
Billing
submitted by Jarin360 to plexshares [link] [comments]

BLUZELLE, THE SOLUTION.

Over years, one of the shortcomings of Blockchains is a decentralized data storage. Some developers thought we are not yet in the era, some thought it will consume time and to others, it seems impossible. This problem pushed the team of intelligent developers led by Pavel Brains (Bluzelle CEO) to came up with a decentralized data storage and management as solution to the shortcoming in Blockchains. This solution was named "Bluzelle" a decentralized, on demand, scalable database service for dApps(Decentralized Applications). Decentralized Applications (dApps) are programs designed to function within decentralized network. These network can be blockchain or Distributed Ledgers Technologies (DLT). The major component of dApps is there decentralized nature. There is no central authority, corporation or agency that monitors and approves the business function of these applications. In fact, dApps require very little human intervention. To ensure that dApps developers get the highest throughout in performance, reliability, and scalability, Bluzelle implement swarming technologies. Swarm is a distributed storage platform and content distribution service, a native base layer service of the ethereum web3 stack that aims to provide a decentralized and redundant store for dapp code, user data, blockchain and state data. Swarm sets out to provide node-to-node(computer-to-computer) messaging, media streaming, decentralised database services and scalable state-channel infrastructure for decentralised service economies. Bluzelle as a decentralized database provides a maximum privacy i.e Bluzelle provides a consensus engine that check and verify that data is only only accessed and updated by the rightful owner. Bluzelle algorithm store data in an unparalleled way that provide Enterprise - level scalabity. Bluzelle redundantly stores tiny pieces of data on computers across the globe and eliminate any single point of failure. Bluzelle is here to make the internet a more safer and secure place. For more amazing features on Bluzelle, kindly visit the official website: https://www.bluzelle.com Twitter: http://www.twitter.com/bluzellehq Telegram Group: https://t.me/bluzelle Announcement channel: https://t.me/bluzelleann Reddit: http://www.reddit.com/bluzelle
Written by a Bluzelle soldier, Oladokun Mutiu
submitted by Mutecgold to Bluzelle [link] [comments]

A Letter from the CEO - James Ferguson

I’m James Ferguson, CEO of Immutable and Gods Unchained. In addition to Chris Clay’s recent State of the Beta, I wanted to give an overview of our journey with Gods Unchained and where we’re heading.
Gods Unchained has always had a grand vision. When we sat down to plan it, we knew exactly what we wanted: to combine the magic of physical card ownership with the convenience and fun of digital TCGs. To build the first AAA quality game with blockchain assets at its core.
When Gods Unchained was conceived, Immutable had 3 employees, but only two desk seats at a coworking space… We then grew to 10 full-time and our first playable version of Gods Unchained. Today, we have our own office, and 63 incredibly talented people who are hard at work building something important.
In that time we’ve made many learnings, with the main ones I’d like to talk about being:
On Play to Earn...
How important can a new TCG really be? Gods Unchained is the first example of a new type of game, a game which radically shifts the relationship between players and developers. A lot of you will already know this, but for those who don’t, it’s important to understand what exactly Gods Unchained does differently, and why the biggest gaming investor in the world and the biggest public crypto company in the world think it is the first example of an entirely new genre of game.
In the physical world, if I sell you a shirt, it’s yours. You can wear it, sell it, store it in your basement or destroy it – like I said, it’s yours. However, if you bought a shirt from Target, and they told you that (1) you couldn’t lend it to a friend and that (2) they could take it from you at any time, you’d correctly refuse to buy it: that’s (at best) a rental, not a sale. However, in the digital worlds of modern free to play (F2P) gaming, this is exactly what happens. Companies sell you a virtual shirt that you have absolutely no legal rights over. Last year, F2P games made $87B using this model. None of it went to players. We’re determined to change this.
While tradable assets are not new in games, what’s new is the power that trustless ownership, programmable assets and the infrastructure of the Ethereum network bring to the table. These go beyond simply buying and selling in-game items, as it’s the things that allow users to creatively utilize assets beyond the game that really excite us – like smart contracts being able to interface with your digital assets to create new ways to earn. The potential we see in this space grows with every day that Gods Unchained expands.
The Play to Earn process is the foundation of our game, and every iteration is based around the above ethos of true, trustless ownership. We’ve had a few iterations of this so far, and we’re constantly learning from these segments in order to build out more instances in the future.
One of the biggest scaling potentials for Play to Earn comes from our work with StarkWare on building out Immutable X so that our players and buyers can capitalize on the bonuses of blockchain (namely: trustlessness & programmability) without being hindered by the downsides (gas fees & limited output).
The learnings we’ve gained from the Genesis Raffle and the Flux & Fusing system have shown us what Play to Earn needs to take off and run in a sustainable manner, and Immutable X is a big key to carving this out as we forge ahead.
On blockchain’s potential...
Immutable X also helps reinforce the creation of user-built tools. Blockchain assets create a space where anyone can build an extension to Gods Unchained’s asset system. Here, users have complete freedom to interact with these extensions, with no input from Immutable. We believe that you are, after all, best placed to make that call.
When this is combined with upcoming guaranteed Immutable X fees for affiliates and sites who drive liquidity, this means that now is an exciting time to be building community tools for Gods Unchained, and we’re incredibly grateful for those talented people who are doing so now. When we first started, we had a few ideas of what could happen in this space, but we’re endlessly surprised (and impressed!) with what the community is doing in this space.
Outside of Immutable X, there are other infrastructure spaces showing huge potential on the Ethereum network that have come to our attention, the most recent being the billions of dollars locked in decentralized finance (DeFi). How we can deliver more value to our players and buyers based on the inherent interoperable nature of cards and chests is a question constantly at the forefront of our minds, and DeFi has the potential to become an extremely exciting area for this, but one we’re only just starting to explore.
For example, Genesis and Season 1 chests are ERC20 tokens and therefore compatible with many existing DeFi primitives. While they are unopened, there are some wild ways in which they can be plugged into the wider ecosystem, such as:
These are simply ideas at this stage, but we’ll have more on this soon...
On going mainstream...
So where are we with Gods Unchained? Are we ready to take advantage of these benefits, and to take the game to a million plus players? I’ll be honest: not just yet. We’re extremely keen to do this, and we have the money to simply purchase a large number of new users. But we know that, for any influx of players to be long-term sustainable, we need the following:
  1. Improvements to the UX of onboarding
  2. Improvements to the core loop of the game (e.g. the aforementioned Play to Earn)
  3. Scalability and liquidity for asset trading
We are continuing to explicitly focus on these problems, both in isolation and holistically. We want to create an enormous Gods Unchained economy, and this is where Immutable X’s function is at its most important, as it will keep the economy intertwined to progression through the Gods Unchained experience. This will enable us to retain mainstream users long term while creating value inside our existing economy.
With these changes and mobile in the works, we think that Gods Unchained will be ready to start scaling to the big leagues and hit the goal of 1M players.
The upcoming season will quite possibly be the last time where Gods Unchained is still quite niche, for early blockchain enthusiasts and some TCG players rather than all mainstream players. As we complete the final necessary pieces of the Gods Unchained ecosystem, the next step function planned is growth: for the playerbase, market and liquidity.
We think all of these upcoming opportunities are incredibly exciting, and it makes coming in to work each day both a joy and a rollercoaster. TCGs are popular – centralised games like Hearthstone have had their annual revenue estimated at over $400M. This revenue is essentially from selling a license to use non-sellable cards for entertainment. What Ethereum is doing to finance, by being programmable money, we aim to do to Hearthstone and Magic the Gathering by creating programmable cards and packs, and real markets.
For our players and fans, we are so grateful that you’ve been on this journey with us. We’ve grown immensely in the past year, and so has our ability to work effectively as a team and prioritize the most important tasks to both us, as a company, and you, the community (a balancing act that could count as the fourth major learning in this piece). We think we’re about to enter the phase where the journey becomes increasingly interesting and we’re excited to share this next part with you.
Sincerely,
James Ferguson, Immutable CEO
submitted by Immutable_Team to GodsUnchained [link] [comments]

YFI Coin Price Prediction 2021

YFI Coin Price Prediction 2021
yearn.finance is an Ethereum-based protocol that provides the opportunity for crypto coins holders to interact with DeFi protocols and take part in Yield Farming. Basically, it’s a platform that collects the best lending offers from the crypto market. Users transfer funds to the platform, convert them into local tokens, which are used in other services that provide a fixed income on deposits.
by StealthEX
yearn.finance was developed by Andre Cronje and nowadays this project evolved into an ecosystem of protocols that aims to maximize the Annual Percentage Yield (APY) for its users.
The project also has its initial token – YFI. Nowadays yearn.finance is one of the TOP-30 cryptocurrencies by market capitalization.

yearn.finance Statistics

Source: CoinMarketCap, Data was taken on 1 October 2020 by StealthEX
Current Price $25,388.90
ROI since launch 2,316.75%
Market Cap $760,846,124
Market Rank #28
Circulating Supply 29,968 YFI
Total Supply 30,000 YFI

yearn.finance achievements and future plans

Recently the yearn.finance project has the following main updates and news:
• Pool #3 was introduced with new features like farming $CRV, $BAL and $YFI; receiving trading fees from balancer.exchange, curve.fi, and other features.
• Released YFI Governance Token with liquidity mining.
• Launched the UI for yearn.finance v2.
• Released yinsure.finance – a prototype for a new kind of tokenized insurance.
• Introduced StableCredit – a new protocol for decentralized lending, stablecoins, and AMMs.
• Introduced SyntheticRebaseDollar – a credit-based rebase index.

What to expect in the future?

According to the project official Medium page in the near future the yearn.finance developers will work on the following:
• Integration with idle.finance.
• Switch over to defizap’s unzap.
• zkDAI integration.
• $SNX automation strategy.
• pToken integration.
• renBTC integration.

yearn.finance Technical Analysis

Source: Tradingview, Data was taken on 1 October 2020 by StealthEX

yearn.finance Price Prediction 2021

TradingBeasts YFI price prediction

The YFI coin price is expected to reach $26,740.331 (+5.32%) per coin by the end of the year 2020. TradingBeasts forecasts that by the end of December 2021 yearn.finance’s maximum price may grow up to $43,471.122 (+71.22%) while its average price will be around $34,776.898 (+36.98%) per token.

Wallet Investor YFI coin price prediction

Wallet Investor thinks that the yearn finance project has a long-term earning potential of +1029.99% in one year. So by December 2021, the price of YFI token may reach $286,894.

Crypto-Rating YFI price prediction

Crypto-Rating says that traders should be aware that yearn.finance is still a largely illiquid token, meaning that selling worth of $100,000 in YFI could make the price tank by more than -2.5%, creating a huge slippage.

DigitalCoinPrice YFI coin price prediction

DigitalCoinPrice thinks that yearn.finance is a profitable investment and its price may reach $49,253.22 per token by the end of December 2021 (+93.99%).

How to buy YFI token at StealthEX

yearn.finance coin is available for exchange on StealthEX with a low fee. Follow these easy steps:
✔ Choose the pair and the amount for your exchange. For example, BTC to YFI.
✔ Press the “Start exchange” button.
✔ Provide the recipient address to which the coins will be transferred.
✔ Move your cryptocurrency for the exchange.
✔ Receive your coins!
Follow us on Medium, Twitter, Facebook, and Reddit to get StealthEX.io updates and the latest news about the crypto world. For all requests message us via [[email protected]](mailto:[email protected])
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
Original article was posted on https://stealthex.io/blog/2020/10/01/yfi-coin-price-prediction-2021/
submitted by Stealthex_io to StealthEX [link] [comments]

Introducing UniLend Finance & Welcoming Every Token to DeFi

Introducing UniLend Finance & Welcoming Every Token to DeFi

https://preview.redd.it/vvlua9c0fzi51.png?width=700&format=png&auto=webp&s=753df348e502fb0aa4115a794ad7414211c7a15e
The existing DeFi solutions have successfully demonstrated the demand for trading the time value of digital assets. However, current systems have left the majority of digital assets outside of the DeFi ecosystem. There are over 6000 tokens listed on coinmarketcap. However, the current platforms such as Compound, Aave, Maker DAO, and many more, support less than 30 assets.
Current DeFi platforms act as a gatekeeper in allowing which projects to be a part of the pool; thereby barring the majority of assets from participation in the DeFi ecosystem. Multi-asset pools also expose lenders to risk associated with all of the included assets with no control over the collaterals against which their funds can be lent; thereby exposing them to risks associated with all of the assets.
Peer-to-peer protocols that are looking to accommodate more tokens are asynchronous platforms with added costs and friction to the lenders and borrowers making them practically non-viable solutions in terms of gaining meaningful traction.

Huge Untapped Market
There is a huge market opportunity for a protocol that supports a larger number of assets in a decentralized and permission-less way. UniLend is designed to address this untapped market and fuel the blockchain ecosystem by opening up the DeFi space for all tokens.

TL;DR

The current issues that plagues the decentralized finance industry stem from its fragmentation. Some protocols offer lending and borrowing with a limited set of tokens while others offer the freedom to trade any ERC20 assets but neglect the lending and borrowing aspect.
UniLend is bridging that gap by combining the decentralization aspect of enabling any ERC20 to be utilized as collateral for lending & borrowing whilst providing the flexibility for users to also trade their assets in-platform. Ultimately, UniLend aims to unlock the full potential of digital assets for their owners.

What is UniLend?

UniLend is a permission-less decentralized protocol that combines spot trading services and money markets with lending and borrowing services through smart contracts. In the money markets the interest rates and collateralization ratio are based on supply, demand, and other market forces and borrowing limits are decided by liquidity in the trading pairs. The integrated smart contract for both features of the protocol allows both trading & DeFi capabilities to co-exist within the same protocol. This solves the liquidity and liquidation issue which was limiting the growth of DeFi adoption to a broader market.
UniLend’s protocol allows users to frictionlessly exchange the time value of Ethereum assets by creating a spot trading pair and separate money markets for each token. This allows ecosystem owners to create their own lending and risk management strategies.
Due to the permissionless nature of the protocol, users have the capability to list any Ethereum asset on UniLend. An asset listing on the UniLend protocol’s smart contract instantly creates and lists on markets for lending, borrowing, and spot trading.
The UniLend platform is designed to create separate money markets and trading markets for each token with multiple underlying benefits:
  • Enabling lenders to choose the acceptable collateralization assets and allowing them to implement their own lending strategy to maximize their returns. Existing lending protocols act like managed funds whereas UniLend is designed as a self-managed fund.
  • Creating an inclusive DeFi ecosystem where platforms do not act as gatekeepers and are able to tap into the complete token market as opposed to a limited array of tokens supported by existing platforms.
  • Enabling a fully decentralized protocol for automated liquidity provision on ethereum.
Rather than using highly inefficient and slow peer-to-peer lending and borrowing, UniLend utilizes dual asset pools for frictionless borrowing and lending of assets backed by liquidity available in their respective trading pools.

Key Features

We understand the problems of fragmentation and functionality which are limiting the growth of the DeFi sector. Unilend solves this by supporting and offering comprehensive functionality for a vast range of digital assets. Here are some of the key elements of UniLend Protocol:
  1. Permission-less listing: Any ERC20 token would be able to list without a centralized entity/ DAO controlling the process and we’re also exploring addition of cross-chain support in the future such as Binance Chain, Monero, etc..
  2. Lending & borrowing: Users have the capability to unlock their token’s functionality for lending to receive an interest rate and borrowing by paying an interest rate.
  3. Trading: A corresponding trading pair will operate on UniLend to include decentralized spot trading functionality.
  4. Liquidity: By providing liquidity, users are able to receive fees in proportion to their liquidity pool stake.
  5. Governance: The protocol will be governed by its token holders through proposals in order to ensure adjustments to the protocol are made with a majority consensus.
  6. Native Utility Token: The native utility token on UniLend will be UFT, UniLend Finance Token. The token will have multiple aspects for governance, value, and much more to be released in a later blog post.
  7. User Interface/ User Experience: An intuitive and user friendly interface designed to provide seamless trading and lending/borrowing experience.

Bridging the gap

Currently, only a selected few assets are allowed into the DeFi industry. These assets are currently listed on Compound, Aave and others: - DAI, USDC, ETH, WBTC, USDT, MKR, ZRX, REP, BAT, BUSD, ENJ, KNC, LINK, & SNX
This leaves over 6000 additional assets that are not integrated with higher marketcaps to further boost the efficiency of decentralized finance liquidity including: - CRO, BNB, HT, OKB, LEO, MATIC, and so much more.
Unlocking the True Potential of Decentralized Finance
In order to fully expand the infrastructure to reach a higher frontier, we need to expand support through permission-less integrations.

Conclusion

UniLend protocol is working to create a new niche in the market which has been neglected and untapped by current solutions in the DeFi space. We believe our efforts will create a level playing field in the market by enabling every token to be a part of the growing DeFi ecosystem.
Do you agree, that every token should be a part of DeFi? Share your thoughts in the comments.
For any Queries/Suggestions, Please reach out to us on Twitter , engage in our Telegram Community, & Join our Reddit to say Hi 👋
submitted by Michael-Huynh to UniLend [link] [comments]

Noteworthy BAT team posts.

August 7th - Gemini Users
https://www.reddit.com/BATProject/comments/i4on7w/so_no_gemini_for_users/g0ngf11?utm_source=share&utm_medium=web2x
bat-chriscat
As confirmed in the announcement blog, it's coming next. Creators happened first. User wallets is a more difficult integration.
August 6th - Sync V2
https://www.reddit.com/brave_browsecomments/i4nhna/annnnnnddd_im_done_with_brave/g0mhrg5?utm_source=share&utm_medium=web2x
bat-chriscat
But, Sync v2 is coming out next week!
August 4th - Themis
https://www.reddit.com/BATProject/comments/i2whpx/when_will_bat_become_decentralized_or_willshould/g09jxgg?utm_source=share&utm_medium=web2x
bat-chriscat
I suggest taking a look at our THEMIS blog. The Part II is about to come out, too https://brave.com/themis/ It outlines our thinking on how to put the BAT Ads system on chain.
July 29th - BAT Paywalls
https://www.reddit.com/BATProject/comments/hzg4yd/brave_browser_partners_with_guardian_to_provide/fzj3gdg?utm_source=share&utm_medium=web2x
bat-chriscat
"BAT Paywalls is close". Increasing BAT utility is very important, and we want to offer options that do not require KYC, such as BAT Paywalls. (We already have TAP Network live at https://brave.tapnetwork.io, but it currently requires KYC.)
In short, the Paywalls release date was put on temporary hold around the May 2020 payout. After that payout, we realized that parts of our code and infrastructure required considerable hardening and stabilization before they could handle the volume we expect with BAT Paywalls. That stability sprint is wrapping up, so Paywalls aren't far off, especially considering the engineering work is essentially complete: https://github.com/brave-experiments/sku-js-php!
You can see a recent update about all our main upcoming features, here: https://www.reddit.com/BATProject/comments/hnmpdh/dear_brave_team/fxdwrb6/?context=3
July 29th - VPN0
https://www.reddit.com/BATProject/comments/hypxsf/why_was_guardian_choosen_as_vpn_provider_for_ios/fzikamo?utm_source=share&utm_medium=web2x
azinig
The decentralised VPN (VPN-0) was the outcome of work performed by the research team at Brave. The construction depends on an experimental RFC (TLS Encrypted Client Hello), which has changed three times since we published the blogpost, and is not in widespread use. Hence, to the present date, it is not a viable solution.From the research group, we'll follow on the progress of the above mentioned RFC to see how we can adapt the construction of VPN-0.
However, we decided to work with a partner we trust to provide the best possible solution to protect users.
July 13th - SpeedReader(reader mode)
https://www.reddit.com/BATProject/comments/hogufp/speedreader_what_does_it_do/fxuh3dx?utm_source=share&utm_medium=web2x
bat-chriscat
I think it's already live in our more advanced/testing versions of Brave (which means it will be live in a few weeks). For example, it's already in Nightly: https://brave.com/download-nightly.
July 2nd - Wide range of topics
https://www.reddit.com/BATProject/comments/hnmpdh/dear_brave_team/fxdwrb6?utm_source=share&utm_medium=web2x
lukemulks
Hey everyone,
Going full open kimono would put me in felony territory, but can help put some color to some of the items that pembull listed. Will add some rationale as well.
Before diving into the list, noting that there has been an immediate term focus on stability sprints and tuning the product. We have been listening and engaging with people here and elsewhere, and there were a lot of issues that required work. Some of this work is still underway. Some fixes have landed and are riding the trains. It's an iterative process, but was a much needed focus before putting more features into the mix.
Low hanging items we have been working on are likely obvious: Rewards features, publisher and ads payments, getting sync v2 shipped, crypto wallet enhancement, webcompat, etc.
To address the list:
BAT-sense / publisher ads
Interest was decent from verified publishers when we exposed the ability for publishers to opt-in from the publisher dashboard.
We have an MVP, but want to optimize personalization before we put in the wild. Some of this work was also temporarily paused for stability work.
There are some additional optimizations to the existing User ad units we have work in progress for that has been prioritized higher in queue, as they net better rewards for users and added value for advertisers.
Self-service ad manager
Steady progress on this front. Current advertisers can observe this as recently as last week when we rolled out improvements to the reporting dashboards.
We have onboarded an additional set of partners and advertisers to help us test out self-serve.
This will be the pattern for the near-term.
Here's why:
Self-serve brings expectations of 24/7 availability and support. We are ramping resources to handle this, but it will be iterative.
Being 100% real, our ad delivery is different than traditional ad platforms. The delivery cadence and volume is different (users see a max of 1-5 ads/hr in Brave; outside of Brave, they see 3-5 ads per page load). The matching algorithms are different. The pacing is different. Conversion funnel adheres to physics, but the timing is different when you aren't carelessly shotgunning a ton of ads in front of a person.
Audience cohorts are different, and our audiences are growing each month to be more mainstream.
My point with all this is that there has been a lot of daily collaboration between ad operations (through our managed services team), engineering and with our testers to fine tune defaults for each campaign goal and gauge performance across different categories.
We don't want to rush a release to self-serve for advertisers to begin using, and have them in a situation where they operate based on traditional experience, that may end up setting them up for poorer performance than they would have through managed services. Getting the defaults tuned for different campaign goals takes some time, but ultimately sets our self-serve advertisers up for better success.
We are selling in to more broader advertisers, and are factoring in differences from category performance as we go.
BraveVPN
VPN news soon. Stay tuned. Can't say more just yet.
Apollo release
See: https://brave.com/themis/ and https://brave.com/mjolnir-tooling-for-bat-apollo/
Making progress, but aren't dropping dates yet.
Brave Together:
Working on scaling for a Brave Together release across our channels beyond Nightly (I am working on this with the team now).
You can use Brave Together now, for free, in any Brave Channel at https://together.brave.com - please provide feedback when you can.
Doesn't take too much of a stretch to see how we could work BAT into Brave Together in some novel ways.
BAT SKU work
In progress. Some of this effort was on pause during stability work, but has recently resumed.
Again, want to emphasize the importance of stabilizing what we have in market so we can market the product and introduce additional features with the greatest chance of success. We could release a lot of things on shaky ground and end up doing more harm than good.
We are working around the clock, and sometimes updates on progress fall by the wayside. We can do better, and will work on being more up front on progress.
Will pass along the feedback re: roadmap.
Also encourage people to check our github for release train features and focus:
https://github.com/brave/brave-browsewiki/roadmap
https://github.com/brave/brave-browsewiki/Brave-Release-Schedule
Hope this helps.

June/July - Ad geo-targeting
https://www.reddit.com/BATProject/comments/hk6vmh/regional_advertising_with_brave/fwulccf?utm_source=share&utm_medium=web2x
bat-chriscat
We actually already have state-level targeting for advertisers (for US campaigns), so you don't need to wait for the self-serve dashboard. The next step would be metropolitan level.
bat-chriscat
Yes, we have Europe by country.
June/July - BAT SDK
https://www.reddit.com/brave_browsecomments/he6ffc/brave_extension_for_other_browsers/fvr7lkl?utm_source=share&utm_medium=web2x
bat-chriscat
While the Brave browser represents the first "BAT-enabled application" and is the primary focus of BAT Roadmap 1.0, the team intends to extend the BAT ecosystem beyond the Brave browser. We envision the BAT platform being extended to other web browsers, chat/messaging applications, games and other attention-economy apps via open source mobile app SDKs, connected TV SDKs, etc. (Read more about our upcoming BAT SDK, here.) For more info on the potential areas of expansion, see our Driving User Adoption and Extending the BAT Platform blog post.
The BAT SDK that will allow developers to integrate BAT-functionality (such as privately-matched ads with revenue share) into their own applications, allowing developers to monetize their apps and reward their userbase.
"I don’t want to corner the browser market; I think Brave will have a good growth curve and lots of market share among elite users who are very economically valuable, but BAT is the big play. I want the Basic Attention Token to be used widely, which means we will bring it to other browsers and other attention apps — things like podcast players, or games that have ads in them.” —Brendan Eich
Developers can also interact directly with BAT's public ERC20 token smart contract on the Ethereum blockchain.
June/July - Publisher Ads
https://www.reddit.com/BATProject/comments/hbwt3k/any_updates_on_publisher_ads_eta_i_cant_wait_to/fvcu2as?utm_source=share&utm_medium=web2x
bat-chriscatBAT Team12 points·1 month ago
Although the work on publisher ads is essentially complete, publisher ads are on temporary hold for the moment as we rearrange some of our Brave Rewards feature release priorities and stabilize the Brave Rewards code, top to bottom. "Pay with BAT" is also a very attractive feature for publishers that we've completed and will be rolling out in the near future. It's just a matter of timing!
May/June Brave Rewards without custodial wallet(Still KYC)
https://www.reddit.com/BATProject/comments/gl628k/will_we_ve_able_to_withdraw_bat_without_uphold_in/fqxwmw8?utm_source=share&utm_medium=web2x
bat-chriscat
We are working on bridging the native Crypto Wallets feature (based on Metamask) with Brave Rewards so that you may fully control the keys to your Brave Rewards wallet. Please see the following excerpt from our Crypto Wallets announcement post:
The next step is a bigger piece of work, and one we’ve been working towards for a while. We want to integrate the client-side Crypto Wallets feature with Brave Rewards, letting you fully control the keys to your Brave Rewards wallet, as an alternative to Uphold’s custodial wallet. Of course, we’ll still need to meet US and international regulatory requirements when you earn BAT through Brave Rewards. That’ll probably mean some sort of identity verification process. But we’re committed to ensuring that Brave (the company) knows the absolute minimum about you, whether you’re using a hosted Uphold wallet or a private client-side wallet. Designing that system to ensure that we follow the law while ensuring that you remain anonymous is a big deal for us, and one of the most substantial components of this work ahead.
Additionally, see our blog post "Civic to Offer Secure Identity Verification Services on the Brave Publisher Platform" for more on our plans to allow users to connect a plain Ethereum address to Brave Rewards. (Also, see our Help Center article regarding ID-verification/KYC requirements.)
May/June BAT Apollo Decentralization
https://www.reddit.com/BATProject/comments/ghzmfs/bat_releases_mjolnir_bat_apollo_stage_mjolnir_is/?utm_source=share&utm_medium=web2x
bat-chriscat
BAT releases Mjolnir (BAT Apollo stage): "Mjolnir is a tool for easily deploying and benchmarking Permissioned Ethereum Blockchain implementations ... We aim to incrementally decentralize components of our architecture as they relate to the BAT as well as Brave’s advertiser & publisher ecosystem."
https://brave.com/mjolnir-tooling-for-bat-apollo/
Figured I link some previous BAT team members posts and put them all in one place, as some people don't have the time to go back through previous posts. Hope someone finds it useful.
submitted by StephanieG58 to BATProject [link] [comments]

Myths/Legends Which Might Actually Be True! - (r ... - YouTube #1 ALTCOIN to EXPLODE!! Why!? Reddit + Ethereum!! - YouTube Ethereum News - YouTube Cryptocurrency is About To EXPLODE As Reddit Releases the ... The World Will Never Be The Same, Casper Coin, Reddit + Ethereum, DeFi Explosion & New Bitcoin Users

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Myths/Legends Which Might Actually Be True! - (r ... - YouTube

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