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Loopring: zkRollup Protocol for Scalable DEXes and Payments on Ethereum

Loopring is an Ethereum layer 2 solution: an open protocol for building high-performance, non-custodial exchanges and payment applications on Ethereum. Our infrastructure leverages zkSNARKs to scale throughput, lower cost, and build DEXs & payment apps that feel as performant as centralized alternatives - with 100% Ethereum security guarantees.
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Neo

Neo is an open-source, community driven platform that is leveraging the intrinsic advantages of blockchain technology to realize the optimized digital world of the future.
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Pronóstico de Bitcoin De hecho, según la compañía de análisis de blockchain Coin Metrics, el valor de todas las monedas estables en dólares estadounidenses (USDT, Binance USD, USD monedas, etc.) está a punto de superar los $ 8 mil millones

Pronóstico de Bitcoin De hecho, según la compañía de análisis de blockchain Coin Metrics, el valor de todas las monedas estables en dólares estadounidenses (USDT, Binance USD, USD monedas, etc.) está a punto de superar los $ 8 mil millones submitted by Blockchain_cl to CryptoChile [link] [comments]

@cz_binance: RT @WhiteBit6: We are happy to welcome #BNB to our #exchange! Here’s a list of pairs with BNB available on our exchange at the moment: BNB/BTC, BNB/USDT, BNB/EUR, BNB/USD, BNB/RUB and BNB/UAH. @binance #whitebit #bitcoin #btc #cryptocurrencynews #blockchain https://t.co/WOdZuorS1W

@cz_binance: RT @WhiteBit6: We are happy to welcome #BNB to our #exchange! Here’s a list of pairs with BNB available on our exchange at the moment: BNB/BTC, BNB/USDT, BNB/EUR, BNB/USD, BNB/RUB and BNB/UAH. @binance #whitebit #bitcoin #btc #cryptocurrencynews #blockchain https://t.co/WOdZuorS1W submitted by rulesforrebels to BinanceTrading [link] [comments]

My journey losing it all (~11 BTC)

I lost it all (this my old rogerver bcashy troll account btw)
I don’t even know how to start but as of yesterday I’m officially broke, I ruined my life and future.
I’m a 23yrs guy, my journey with Bitcoin started in 2014. I bought it to actually use it not sure if people do that nowadays? but The HODL journey didn’t start until the beginning of 2017 as I notice the $ value in my blockchain wallet steadily increasing didn’t even know how or why it was increasing I thought it was a glitch making me free money for this reason I decided to go ALL IN I dumped my life saving into Bitcoin. price was around 1-2K $ and I was able to get 11 BTC in total. Unfortunately before the Bullrun start I lost around 4 coin due to ICO"s scams and just buying shitcooins in poloniex with zero trading knowledge(had a great time with the trollbox).

After my loss I took my coins out of the exchange and held in a cold wallet, Fast forwards September 2017 the price kept going up I couldn’t even believe it specially after it broke past 10k I was so euphoric matter fact I was chilling in here, in this subreddit celebrating with everyone posting memes etc.. When BTC hit 20k my greedy asss still didnt wanna sell I didn’t have a price target I though it will keep going up forever. It was going so quick I couldn’t even process what was happening I told my siblings I was rich they told me to sell this bubble but I said "HELL NO! I was part of the moonboy gang we don’t sell we HOODL" I was 19 at the time. seeing this type of money was unreal I had more than 6 fucking figures in my wallet. Eventually we topped out at 20k I didn’t sell although the price kept going down and down and Depression started to hit after we dropped below 10k specially when it went down more near the 3k level I started to regret everything kicking my self for not listening to my siblings when they told me sell.

Nonetheless I still had faith in Bitcoin and knew one day we will recover but I needed to accepted the fact that it might take months maybe years to get back to ath. for this reason I disconnected from the crypto community I had to forget about Bitcoin so I shifted my focus somewhere else luckily I stumbled across this popular game called “Fortnite” it took all my time and distraction away from my crypto for a good year or two I barely even noticed the peak of 2019.

Anyways mid-late 2019 I got heavy in the stock market I started to see all these guru make insane amount of money just day trading. I was more of an investor type guy but I consumed so much information about day trading and how the psychological aspect is so important, I guess I mastered a bit of that by holding Bitcoin throughout the bear market. Anyways recently in August during the Bitcoin rally I though I had enough skills and decided it was finally time for me to trade Bitcoin specially because it was tradable 24/7 I wanted to start increasing my money and stop sitting on my coins I've had enough of the bear market I thought it was gonna be another P&D episode specially after I started to get deeper in the Crypto community and understood how price moves. I used to be Bitcoin maximalist but then I started to notice the suspicious activity around bitcoin, I came to realize that bitcoin was not the same as it was before, these toxic unregulated entities have turned bitcoin into a giant ponzi playground with everyone being brainwashed by these crypto twitter advocates who are nothing but CZ binance acting puppets. I know it sound crazy but it’s true, the receipt it out to the public, the price is manipulated by Tetther Mafia and these scam exchange. I don’t believe in conspiracy but neither do I believe in coincidence, I witnessed this fraud my own eyes, Whale-alert notified me every time Tetther printed new money and sent it to exchanges and next thing you the price went up. Ever since they added derivative I assume they manipulate the price in spot to liquidate future traders. This whole rally was propt by Tetther mafia using the overall condition in the market as an excuse to attempt artificial FOMO and bring real liquidity in this fake liquidity pool. As the fraud was getting more obvious I started to despise Bitcoin and traded the ponzi based off emotions I neglected the technicals I didn’t have risk management and eventually got liquidated.

This is my 3yr+ journey went from 11 btc to 0.. I feel horrible,sad, hopeless and disappointed this was my whole networth vanished in 1-2month. I deprived myself from so many things these last few years hoping my investment grows enough to fund my future. My family still think I’m holding Bitcoins I feel so bad I let them down not sure I'll be able to recover from this.
Ps: for those saying Tetther is an old conspiracy trust me this time is different and incomparable to the previous years, the fraud is fully transparent now. Their activity has been very suspicious and concerning lately I’m sensing a major exit-scam. this will impact the whole crypto space because this unbacked counterfeit USD holds most if not all the order book liquidity.
submitted by Memory-Dealers to Bitcoin [link] [comments]

Ultimate glossary of crypto currency terms, acronyms and abbreviations

I thought it would be really cool to have an ultimate guide for those new to crypto currencies and the terms used. I made this mostly for beginner’s and veterans alike. I’m not sure how much use you will get out of this. Stuff gets lost on Reddit quite easily so I hope this finds its way to you. Included in this list, I have included most of the terms used in crypto-communities. I have compiled this list from a multitude of sources. The list is in alphabetical order and may include some words/terms not exclusive to the crypto world but may be helpful regardless.
2FA
Two factor authentication. I highly advise that you use it.
51% Attack:
A situation where a single malicious individual or group gains control of more than half of a cryptocurrency network’s computing power. Theoretically, it could allow perpetrators to manipulate the system and spend the same coin multiple times, stop other users from completing blocks and make conflicting transactions to a chain that could harm the network.
Address (or Addy):
A unique string of numbers and letters (both upper and lower case) used to send, receive or store cryptocurrency on the network. It is also the public key in a pair of keys needed to sign a digital transaction. Addresses can be shared publicly as a text or in the form of a scannable QR code. They differ between cryptocurrencies. You can’t send Bitcoin to an Ethereum address, for example.
Altcoin (alternative coin): Any digital currency other than Bitcoin. These other currencies are alternatives to Bitcoin regarding features and functionalities (e.g. faster confirmation time, lower price, improved mining algorithm, higher total coin supply). There are hundreds of altcoins, including Ether, Ripple, Litecoin and many many others.
AIRDROP:
An event where the investors/participants are able to receive free tokens or coins into their digital wallet.
AML: Defines Anti-Money Laundering laws**.**
ARBITRAGE:
Getting risk-free profits by trading (simultaneous buying and selling of the cryptocurrency) on two different exchanges which have different prices for the same asset.
Ashdraked:
Being Ashdraked is essentially a more detailed version of being Zhoutonged. It is when you lose all of your invested capital, but you do so specifically by shorting Bitcoin. The expression “Ashdraked” comes from a story of a Romanian cryptocurrency investor who insisted upon shorting BTC, as he had done so successfully in the past. When the price of BTC rose from USD 300 to USD 500, the Romanian investor lost all of his money.
ATH (All Time High):
The highest price ever achieved by a cryptocurrency in its entire history. Alternatively, ATL is all time low
Bearish:
A tendency of prices to fall; a pessimistic expectation that the value of a coin is going to drop.
Bear trap:
A manipulation of a stock or commodity by investors.
Bitcoin:
The very first, and the highest ever valued, mass-market open source and decentralized cryptocurrency and digital payment system that runs on a worldwide peer to peer network. It operates independently of any centralized authorities
Bitconnect:
One of the biggest scams in the crypto world. it was made popular in the meme world by screaming idiot Carlos Matos, who infamously proclaimed," hey hey heeeey” and “what's a what's a what's up wasssssssssuuuuuuuuuuuuup, BitConneeeeeeeeeeeeeeeeeeeeeeeect!”. He is now in the mentally ill meme hall of fame.
Block:
A package of permanently recorded data about transactions occurring every time period (typically about 10 minutes) on the blockchain network. Once a record has been completed and verified, it goes into a blockchain and gives way to the next block. Each block also contains a complex mathematical puzzle with a unique answer, without which new blocks can’t be added to the chain.
Blockchain:
An unchangeable digital record of all transactions ever made in a particular cryptocurrency and shared across thousands of computers worldwide. It has no central authority governing it. Records, or blocks, are chained to each other using a cryptographic signature. They are stored publicly and chronologically, from the genesis block to the latest block, hence the term blockchain. Anyone can have access to the database and yet it remains incredibly difficult to hack.
Bullish:
A tendency of prices to rise; an optimistic expectation that a specific cryptocurrency will do well and its value is going to increase.
BTFD:
Buy the fucking dip. This advise was bestowed upon us by the gods themselves. It is the iron code to crypto enthusiasts.
Bull market:
A market that Cryptos are going up.
Consensus:
An agreement among blockchain participants on the validity of data. Consensus is reached when the majority of nodes on the network verify that the transaction is 100% valid.
Crypto bubble:
The instability of cryptocurrencies in terms of price value
Cryptocurrency:
A type of digital currency, secured by strong computer code (cryptography), that operates independently of any middlemen or central authoritie
Cryptography:
The art of converting sensitive data into a format unreadable for unauthorized users, which when decoded would result in a meaningful statement.
Cryptojacking:
The use of someone else’s device and profiting from its computational power to mine cryptocurrency without their knowledge and consent.
Crypto-Valhalla:
When HODLers(holders) eventually cash out they go to a place called crypto-Valhalla. The strong will be separated from the weak and the strong will then be given lambos.
DAO:
Decentralized Autonomous Organizations. It defines A blockchain technology inspired organization or corporation that exists and operates without human intervention.
Dapp (decentralized application):
An open-source application that runs and stores its data on a blockchain network (instead of a central server) to prevent a single failure point. This software is not controlled by the single body – information comes from people providing other people with data or computing power.
Decentralized:
A system with no fundamental control authority that governs the network. Instead, it is jointly managed by all users to the system.
Desktop wallet:
A wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins.
DILDO:
Long red or green candles. This is a crypto signal that tells you that it is not favorable to trade at the moment. Found on candlestick charts.
Digital Signature:
An encrypted digital code attached to an electronic document to prove that the sender is who they say they are and confirm that a transaction is valid and should be accepted by the network.
Double Spending:
An attack on the blockchain where a malicious user manipulates the network by sending digital money to two different recipients at exactly the same time.
DYOR:
Means do your own research.
Encryption:
Converting data into code to protect it from unauthorized access, so that only the intended recipient(s) can decode it.
Eskrow:
the practice of having a third party act as an intermediary in a transaction. This third party holds the funds on and sends them off when the transaction is completed.
Ethereum:
Ethereum is an open source, public, blockchain-based platform that runs smart contracts and allows you to build dapps on it. Ethereum is fueled by the cryptocurrency Ether.
Exchange:
A platform (centralized or decentralized) for exchanging (trading) different forms of cryptocurrencies. These exchanges allow you to exchange cryptos for local currency. Some popular exchanges are Coinbase, Bittrex, Kraken and more.
Faucet:
A website which gives away free cryptocurrencies.
Fiat money:
Fiat currency is legal tender whose value is backed by the government that issued it, such as the US dollar or UK pound.
Fork:
A split in the blockchain, resulting in two separate branches, an original and a new alternate version of the cryptocurrency. As a single blockchain forks into two, they will both run simultaneously on different parts of the network. For example, Bitcoin Cash is a Bitcoin fork.
FOMO:
Fear of missing out.
Frictionless:
A system is frictionless when there are zero transaction costs or trading retraints.
FUD:
Fear, Uncertainty and Doubt regarding the crypto market.
Gas:
A fee paid to run transactions, dapps and smart contracts on Ethereum.
Halving:
A 50% decrease in block reward after the mining of a pre-specified number of blocks. Every 4 years, the “reward” for successfully mining a block of bitcoin is reduced by half. This is referred to as “Halving”.
Hardware wallet:
Physical wallet devices that can securely store cryptocurrency maximally. Some examples are Ledger Nano S**,** Digital Bitbox and more**.**
Hash:
The process that takes input data of varying sizes, performs an operation on it and converts it into a fixed size output. It cannot be reversed.
Hashing:
The process by which you mine bitcoin or similar cryptocurrency, by trying to solve the mathematical problem within it, using cryptographic hash functions.
HODL:
A Bitcoin enthusiast once accidentally misspelled the word HOLD and it is now part of the bitcoin legend. It can also mean hold on for dear life.
ICO (Initial Coin Offering):
A blockchain-based fundraising mechanism, or a public crowd sale of a new digital coin, used to raise capital from supporters for an early stage crypto venture. Beware of these as there have been quite a few scams in the past.
John mcAfee:
A man who will one day eat his balls on live television for falsely predicting bitcoin going to 100k. He has also become a small meme within the crypto community for his outlandish claims.
JOMO:
Joy of missing out. For those who are so depressed about missing out their sadness becomes joy.
KYC:
Know your customer(alternatively consumer).
Lambo:
This stands for Lamborghini. A small meme within the investing community where the moment someone gets rich they spend their earnings on a lambo. One day we will all have lambos in crypto-valhalla.
Ledger:
Away from Blockchain, it is a book of financial transactions and balances. In the world of crypto, the blockchain functions as a ledger. A digital currency’s ledger records all transactions which took place on a certain block chain network.
Leverage:
Trading with borrowed capital (margin) in order to increase the potential return of an investment.
Liquidity:
The availability of an asset to be bought and sold easily, without affecting its market price.
of the coins.
Margin trading:
The trading of assets or securities bought with borrowed money.
Market cap/MCAP:
A short-term for Market Capitalization. Market Capitalization refers to the market value of a particular cryptocurrency. It is computed by multiplying the Price of an individual unit of coins by the total circulating supply.
Miner:
A computer participating in any cryptocurrency network performing proof of work. This is usually done to receive block rewards.
Mining:
The act of solving a complex math equation to validate a blockchain transaction using computer processing power and specialized hardware.
Mining contract:
A method of investing in bitcoin mining hardware, allowing anyone to rent out a pre-specified amount of hashing power, for an agreed amount of time. The mining service takes care of hardware maintenance, hosting and electricity costs, making it simpler for investors.
Mining rig:
A computer specially designed for mining cryptocurrencies.
Mooning:
A situation the price of a coin rapidly increases in value. Can also be used as: “I hope bitcoin goes to the moon”
Node:
Any computing device that connects to the blockchain network.
Open source:
The practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone.
OTC:
Over the counter. Trading is done directly between parties.
P2P (Peer to Peer):
A type of network connection where participants interact directly with each other rather than through a centralized third party. The system allows the exchange of resources from A to B, without having to go through a separate server.
Paper wallet:
A form of “cold storage” where the private keys are printed onto a piece of paper and stored offline. Considered as one of the safest crypto wallets, the truth is that it majors in sweeping coins from your wallets.
Pre mining:
The mining of a cryptocurrency by its developers before it is released to the public.
Proof of stake (POS):
A consensus distribution algorithm which essentially rewards you based upon the amount of the coin that you own. In other words, more investment in the coin will leads to more gain when you mine with this protocol In Proof of Stake, the resource held by the “miner” is their stake in the currency.
PROOF OF WORK (POW) :
The competition of computers competing to solve a tough crypto math problem. The first computer that does this is allowed to create new blocks and record information.” The miner is then usually rewarded via transaction fees.
Protocol:
A standardized set of rules for formatting and processing data.
Public key / private key:
A cryptographic code that allows a user to receive cryptocurrencies into an account. The public key is made available to everyone via a publicly accessible directory, and the private key remains confidential to its respective owner. Because the key pair is mathematically related, whatever is encrypted with a public key may only be decrypted by its corresponding private key.
Pump and dump:
Massive buying and selling activity of cryptocurrencies (sometimes organized and to one’s benefit) which essentially result in a phenomenon where the significant surge in the value of coin followed by a huge crash take place in a short time frame.
Recovery phrase:
A set of phrases you are given whereby you can regain or access your wallet should you lose the private key to your wallets — paper, mobile, desktop, and hardware wallet. These phrases are some random 12–24 words. A recovery Phrase can also be called as Recovery seed, Seed Key, Recovery Key, or Seed Phrase.
REKT:
Referring to the word “wrecked”. It defines a situation whereby an investor or trader who has been ruined utterly following the massive losses suffered in crypto industry.
Ripple:
An alternative payment network to Bitcoin based on similar cryptography. The ripple network uses XRP as currency and is capable of sending any asset type.
ROI:
Return on investment.
Safu:
A crypto term for safe popularized by the Bizonnaci YouTube channel after the CEO of Binance tweeted
“Funds are safe."
“the exchage I use got hacked!”“Oh no, are your funds safu?”
“My coins better be safu!”


Sats/Satoshi:
The smallest fraction of a bitcoin is called a “satoshi” or “sat”. It represents one hundred-millionth of a bitcoin and is named after Satoshi Nakamoto.
Satoshi Nakamoto:
This was the pseudonym for the mysterious creator of Bitcoin.
Scalability:
The ability of a cryptocurrency to contain the massive use of its Blockchain.
Sharding:
A scaling solution for the Blockchain. It is generally a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds.
Shitcoin:
Coin with little potential or future prospects.
Shill:
Spreading buzz by heavily promoting a particular coin in the community to create awareness.
Short position:
Selling of a specific cryptocurrency with an expectation that it will drop in value.
Silk road:
The online marketplace where drugs and other illicit items were traded for Bitcoin. This marketplace is using accessed through “TOR”, and VPNs. In October 2013, a Silk Road was shut down in by the FBI.
Smart Contract:
Certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights.
Software Wallet:
A crypto wallet that exists purely as software files on a computer. Usually, software wallets can be generated for free from a variety of sources.
Solidity:
A contract-oriented coding language for implementing smart contracts on Ethereum. Its syntax is similar to that of JavaScript.
Stable coin:
A cryptocoin with an extremely low volatility that can be used to trade against the overall market.
Staking:
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
Surge:
When a crypto currency appreciates or goes up in price.
Tank:
The opposite of mooning. When a coin tanks it can also be described as crashing.
Tendies
For traders , the chief prize is “tendies” (chicken tenders, the treat an overgrown man-child receives for being a “Good Boy”) .
Token:
A unit of value that represents a digital asset built on a blockchain system. A token is usually considered as a “coin” of a cryptocurrency, but it really has a wider functionality.
TOR: “The Onion Router” is a free web browser designed to protect users’ anonymity and resist censorship. Tor is usually used surfing the web anonymously and access sites on the “Darkweb”.
Transaction fee:
An amount of money users are charged from their transaction when sending cryptocurrencies.
Volatility:
A measure of fluctuations in the price of a financial instrument over time. High volatility in bitcoin is seen as risky since its shifting value discourages people from spending or accepting it.
Wallet:
A file that stores all your private keys and communicates with the blockchain to perform transactions. It allows you to send and receive bitcoins securely as well as view your balance and transaction history.
Whale:
An investor that holds a tremendous amount of cryptocurrency. Their extraordinary large holdings allow them to control prices and manipulate the market.
Whitepaper:

A comprehensive report or guide made to understand an issue or help decision making. It is also seen as a technical write up that most cryptocurrencies provide to take a deep look into the structure and plan of the cryptocurrency/Blockchain project. Satoshi Nakamoto was the first to release a whitepaper on Bitcoin, titled “Bitcoin: A Peer-to-Peer Electronic Cash System” in late 2008.
And with that I finally complete my odyssey. I sincerely hope that this helped you and if you are new, I welcome you to crypto. If you read all of that I hope it increased, you in knowledge.
my final definition:
Crypto-Family:
A collection of all the HODLers and crypto fanatics. A place where all people alike unite over a love for crypto.
We are all in this together as we pioneer the new world that is crypto currency. I wish you a great day and Happy HODLing.
-u/flacciduck
feel free to comment words or terms that you feel should be included or about any errors I made.
Edit1:some fixes were made and added words.
submitted by flacciduck to CryptoCurrency [link] [comments]

Dragonchain Great Reddit Scaling Bake-Off Public Proposal

Dragonchain Great Reddit Scaling Bake-Off Public Proposal

Dragonchain Public Proposal TL;DR:

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

Hello Reddit and Ethereum community!

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

Executive summary

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

Response and PoC

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

Live Demo

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

Source Code

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

Scaling

How it works & scales

Architectural Scaling

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

Economic Scaling

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

Scaled Deployment

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

Flexibility in Scaling

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

Cost

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

Getting Started

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

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

API Documentation

APIs (on chain & off)

SDK Source

Nobody’s Perfect

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

Costs and resources

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

Requirements

Scaling

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

Decentralization

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

Usability Scaling solutions should have a simple end user experience.

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

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

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

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

Bonus Points

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

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

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

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

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

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

Bonus

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

TIME

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

Dragon Den

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

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

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

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

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

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

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

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

Other Considerations

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

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

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

Conclusion

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

Disney Releases Blockchain Platform as Open Source

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

Open Source

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

Dragonchain Foundation

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

NEM and Bidao announce a strategic partnership which allows XEM to become a collateral asset

NEM and Bidao announce a strategic partnership which allows XEM to become a collateral asset

https://preview.redd.it/1dspon2offx51.png?width=1200&format=png&auto=webp&s=3bea93afbd3fbef700e73e49c1bf9f47d1eb6fd2
To further strengthen the ecosystem, NEM has formed a strategic partnership with Bidao, the decentralised stablecoin, to allow XEM to become a collateral asset.
This means that XEM can now be locked into CDPs (Collateralized Debt Position) which allow XEM holders to lock XEM as collateral to generate the BAI stablecoin.
Using NEM as collateral is straightforward. Firstly, , the XEM is locked up in the CDP. In return, the appropriate amount of BAI is generated and can be used freely by the CDP creator. To regain access to the locked XEM, the BAI has to be repaid to the system. This is simply done by a function call and sending back the BAI to the CDP. After that, the XEM are unlocked and can be transferred freely again by the CDP creator.
Bidao is building a new blockchain system that is dedicated to DeFi with a goal to create a blockchain agnostic ecosystem for different DeFi applications. Bidao uses 2 tokens - 1. the governance token BID, which utilizes a completely decentralized proof-of-stake Blockchain with an additional collateral-backed value token which is 100% stable in value quite in contrast to, for example Bitcoin, Binance Coin or Ethereum which experience huge fluctuation. and 2. the stablecoin BAI, which is pegged 1:1 to the USD.
The partnership further strengthens NEM’s network and provides another opportunity for the community to participate in DeFi.
Source
submitted by beatricepetersson to ico [link] [comments]

Hulk.Finance: A Combination of DeFi and High Frequency Trading

DeFi continues to push the limits of blockchain technology. Whether its staking a native token for a second token from the same ecosystem, locking liquidity for an eternity to promote liquidity providing and the benefits of locking tokens, or simply creating new tokenomics that can be tested and studied, DeFi is exploring all avenues to produce the next breakout token such as YFI. Hulk.finance has stepped in to do just that.

Hulk.finance (Contract Address: 0xE1f8CD01aB04b51d02C6fb2BCA61B03fB5e33B99**)** is an ERC20 token which plans to utilize a DAO (Decentralized Autonomous Organization) format that will be community governed in order to promote high frequency trading in a manner only DeFi can bring to the table. As stated on their website, “Our project connects a high-yield partner HFT (High Frequency Trading) fund that has successfully worked from the beginning of 2020 and has year-to-date yields of more than 40%. The fund size is more than 70 millions USD and they operate on several cryptocurrency exchanges like Binance and Bithumb with their API robots. What is good — automated trading does not require continuous uptrend of the Bitcoin price. We have seen good results during Bitcoin breakouts and breakdowns. We want to have the same yields from our investments. But there is a problem — they work with an entrance barrier of 1,000,000 USDT, like many private banking services or high-yield ETFs. Our basic idea is to make a kind of DeFi staking pool and put it under the management of the HFT fund. We will develop all infrastructure for connecting finance flows, deposits, and withdrawals.

The HULK total supply is 100,000 Tokens. Distribution breakdown is as follows:

The project is new but already has a road-map to help guide their lofty ambitions. The first step begins with the formation of the pre-sale and Liquidity pool on Uniswap which is currently ongoing. Secondly, they will distribute Hulk tokens via staking farms. As described in their website they “will run staking farms for farming 80,000 HULKs*. You will need to stake appropriate tokens on the selected farms to get your share of rewards in HULKs. Farm 1 will farm rewards of 60,000* HULKs within 15 days, staking token — ETH-HULK LP Uniswap V2. Farm 2 will farm rewards of 10,000 HULKs within 15 days, staking token — USDN. Farm 3 will farm rewards of 10,000 HULKs within 15 days, staking token — Token Y. Token Y will be announced prior to the farms’ launch. Genesis farming time will be 15 days, after that farming rate will be settled on the level of 15th day. We implement halving every three days, so early farmers will get more HULKs. View on Etherscan. In order to support the price of the token from dumping, we will take a 5% commission for the sale of tokens, when holders sell it on Uniswap, burn 4% and add 1% to the community grants account. The burnt amount will be added to farming pools after 15 days of initial farming. So, for example, if someone sold 20,000 HULKs, we will take 1,000 tokens, burn 800 of them and they will be re-minted on day 16. 200 tokens will be sent to the community grants address. The total supply is 100,000 tokens.”

The third step includes the staking pool. The staking pool will be open for everyone on the following terms and conditions.


Funds from the staking pool will be transferred to the HFT fund for trading operations.

Lastly, the Vault concept is descriptive. “We want to share revenue from HFT fund among HULK holders that stake their tokens in HULK Vault. HFT fund will send revenue from its operation once a month, on the first day of the following month. Current concept: Monthly revenue from HFT operations will be shared between HULK tokens staked in the vault according to the time of staking divided on 720 hours. Example: You stake your 500 HULK tokens in Vault for 20 days (480 hours). Your HULK/hours equal to 500*480=240,000. Total HULK/hours in Vault in this month — 60,000,000. Your share in this month = 0,4%. HFT fund has earned 4% on staking pool funds this month. After payout of their 1,25% (15%/12) per month to USDT stakers, the remaining part is 10,000,000 USDT x 2,75% = 275,000 USD. Your profit share 0.4% of 275,000 = 1100 USDT will be sent as USDT to your address, connected with a Vault.”

All of the above described by the tokens creators seems very complicated, but many tokens are already trying to accomplish this without access to an already built fund which can execute trades on a daily basis. Also due in part is the projects commitment to becoming a DAO by allowing holders to vote on key project decisions and development to make the ecosystem more effective and manageable. Decentralization is the most trustworthy base of contract/cryptocurrency ownership. It creates a unique and secure environment free from direct outside influence due to the filter of the entire community being involved. The developers have said that the voting system for the project will be done within the first 30 days of project launch.

With lofty ambition and high expectations, the project looks to capitalize on the DeFi boom by hedging their fund against the market and giving holders a share of the pie. It will be interesting to see how successful and sustainable the project can be, but we will find out soon enough.

Pertinent Hulk.Finance Links:



(I write articles and reviews for legitimate, interesting, up and coming cryptocurrency projects. Feel free to PM me to review your project. Thank you!)

— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

Disclaimer: This is not financial advice. The sole purpose of this post/article is to provide and create an informative and educated discussion regarding the project in question. Invest at your own risk.
submitted by Chrisc9234 to CryptoMoonShots [link] [comments]

NEM and Bidao announce a strategic partnership which allows XEM to become a collateral asset



To further strengthen the ecosystem, NEM has formed a strategic partnership with Bidao, the decentralised stablecoin, to allow XEM to become a collateral asset.
This means that XEM can now be locked into CDPs (Collateralized Debt Position) which allow XEM holders to lock XEM as collateral to generate the BAI stablecoin.
Using NEM as collateral is straightforward. Firstly, , the XEM is locked up in the CDP. In return, the appropriate amount of BAI is generated and can be used freely by the CDP creator. To regain access to the locked XEM, the BAI has to be repaid to the system. This is simply done by a function call and sending back the BAI to the CDP. After that, the XEM are unlocked and can be transferred freely again by the CDP creator.
Bidao is building a new blockchain system that is dedicated to DeFi with a goal to create a blockchain agnostic ecosystem for different DeFi applications. Bidao uses 2 tokens - 1. the governance token BID, which utilizes a completely decentralized proof-of-stake Blockchain with an additional collateral-backed value token which is 100% stable in value quite in contrast to, for example Bitcoin, Binance Coin or Ethereum which experience huge fluctuation. and 2. the stablecoin BAI, which is pegged 1:1 to the USD.
The partnership further strengthens NEM’s network and provides another opportunity for the community to participate in DeFi.
Source
submitted by beatricepetersson to IcoInvestor [link] [comments]

NEM and Bidao announce a strategic partnership which allows XEM to become a collateral asset

NEM and Bidao announce a strategic partnership which allows XEM to become a collateral asset

https://preview.redd.it/qmrgwkjhgfx51.png?width=1200&format=png&auto=webp&s=4631009f39f7057ad593888f40263b474cebbddc
To further strengthen the ecosystem, NEM has formed a strategic partnership with Bidao, the decentralised stablecoin, to allow XEM to become a collateral asset.
This means that XEM can now be locked into CDPs (Collateralized Debt Position) which allow XEM holders to lock XEM as collateral to generate the BAI stablecoin.
Using NEM as collateral is straightforward. Firstly, , the XEM is locked up in the CDP. In return, the appropriate amount of BAI is generated and can be used freely by the CDP creator. To regain access to the locked XEM, the BAI has to be repaid to the system. This is simply done by a function call and sending back the BAI to the CDP. After that, the XEM are unlocked and can be transferred freely again by the CDP creator.
Bidao is building a new blockchain system that is dedicated to DeFi with a goal to create a blockchain agnostic ecosystem for different DeFi applications. Bidao uses 2 tokens - 1. the governance token BID, which utilizes a completely decentralized proof-of-stake Blockchain with an additional collateral-backed value token which is 100% stable in value quite in contrast to, for example Bitcoin, Binance Coin or Ethereum which experience huge fluctuation. and 2. the stablecoin BAI, which is pegged 1:1 to the USD.
The partnership further strengthens NEM’s network and provides another opportunity for the community to participate in DeFi.
Source
submitted by beatricepetersson to altcoin_news [link] [comments]

Thị trường tiền ảo trong những năm tới và một tầm nhìn mới

Thị trường tiền ảo trong những năm tới và một tầm nhìn mới
Quy mô thị trường tiền ảo toàn cầu được dự đoán sẽ đạt hơn 1 nghìn tỷ USD vào năm 2027 với tốc độ CAGR là 11,2% trong giai đoạn dự báo. Xu hướng ngày càng tăng của các cá nhân ở các nước phát triển đối với các phương pháp trao đổi tiền ảo sẽ có tác động to lớn đến thị trường trong giai đoạn dự báo. Việc tích hợp công nghệ blockchain trong tiền điện tử để có các giao dịch nhanh chóng, an toàn và hiệu quả sẽ thúc đẩy sự tăng trưởng lành mạnh của thị trường trong những năm tới, được đề cập tới trong một báo cáo có tiêu đề quy mô thị trường tiền điện tử và dự báo từ 2020 – 2027, quy mô thị trường đã là 754,0 triệu USD vào năm 2019.

Tổng quan về tác động của COVID-19 đối với thị trường tiền ảo


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Thị trường tiền ảo trong những năm tới
Sự xuất hiện của COVID-19 đã đưa thế giới vào bế tắc. Chúng tôi hiểu rằng cuộc khủng hoảng sức khỏe này đã mang lại tác động chưa từng có đối với các doanh nghiệp trong các ngành. Tuy nhiên, điều này cũng sẽ trôi qua. Sự hỗ trợ ngày càng tăng từ các chính phủ và một số công ty có thể giúp đỡ trong cuộc chiến chống lại căn bệnh rất dễ lây lan này. Có một số ngành đang gặp khó khăn và một số ngành đang phát triển mạnh. Nhìn chung, hầu hết mọi lĩnh vực đều được dự đoán là sẽ bị ảnh hưởng bởi đại dịch.
Chúng ta đang nỗ lực không ngừng để giúp doanh nghiệp duy trì và phát triển trong thời kỳ đại dịch COVID-19. Dựa trên kinh nghiệm và kiến ​​thức chuyên môn của mình, chúng tôi sẽ cung cấp cho bạn phân tích tác động của sự bùng phát của Coronavirus trong các ngành để giúp bạn chuẩn bị cho tương lai.

Yếu tố thúc đẩy thị trường tiền ảo


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Yếu tố thúc đẩy thị trường tiền ảo
Xu hướng gia tăng của tiền điện tử đã dẫn đến việc chấp nhận các đồng tiền kỹ thuật số như Bitcoins, Litecoin, Ethers…Phương thức giao dịch dễ dàng và linh hoạt do tiền điện tử cung cấp đã tạo điều kiện thuận lợi cho các điều khoản hoạt động của Ngân hàng Trung ương về tiền tệ kỹ thuật số (CBDC) trên toàn thế giới. Ví dụ, Ngân hàng Thái Lan và Ngân hàng Trung ương Uruguay đã áp dụng bộ công cụ cho quy trình đánh giá CBDC của mình. Bộ công cụ cung cấp hướng dẫn để các quốc gia đạt được tiến bộ nhanh chóng và phân tích CBDC như một phương tiện trao đổi.
Hơn nữa, đầu tư ngày càng tăng vào blockchain và tiền điện tử của các công ty lớn sẽ cho phép mở rộng thị trường một cách nhanh chóng. Ví dụ, vào tháng 10 năm 2018, Qtum Chain Foundation, một nền tảng ứng dụng blockchain nguồn mở có trụ sở tại Singapore đã công bố hợp tác với Amazon Web Services (AWS) Trung Quốc để triển khai các hệ thống blockchain trên hệ thống đám mây AWS. Sự hợp tác sẽ cho phép người dùng AWS sử dụng Amazon Machine Images (AMI) để phát triển và xuất bản các hợp đồng thông minh một cách dễ dàng và hiệu quả.
Ngoài ra, việc giới thiệu các loại tiền kỹ thuật số độc đáo của các công ty nổi tiếng sẽ ảnh hưởng tích cực đến thị trường trong tương lai gần. Ví dụ: vào tháng 6 năm 2019, Facebook, Inc. đã công bố ra mắt một loại tiền kỹ thuật số có tên Libra. Libra sẽ cho phép khách hàng mua đồ hoặc gửi tiền cho người khác và rút tiền Libra trực tuyến hoặc tại các cửa hàng tạp hóa.

Yếu tố kìm hãm thị trường tiền ảo

Sự bùng phát của COVID-19 đã tác động tiêu cực đến nền kinh tế toàn cầu. Sự thoái trào trên thị trường chứng khoán đã trực tiếp tạo ra mối lo ngại cho Bitcoin. Ví dụ, ngày 12 tháng 3 năm 2020, giá Bitcoin giảm xuống dưới 4.000 USD sau khi chỉ số S&P ở Mỹ sụt giảm mạnh. Sự sụp đổ của thị trường đã kích thích các công ty blockchain tăng vốn đầu tư để bù đắp cho những tổn thất. Các nhà phân tích blockchain khổng lồ như Elliptic, Chainalysis và CipherTrace tuyên bố rằng họ đã cắt giảm nhân viên hoặc có ý định làm như vậy trước mắt để giảm bớt ảnh hưởng kinh tế từ đại dịch Coronavirus.
Ví dụ, CipherTrace đã giảm bớt công việc của các bộ phận quảng cáo và tiếp thị. Trong khi Elliptic đã loại bỏ 30% lao động ở Hoa Kỳ và Vương quốc Anh, Chainalysis đã lên kế hoạch giảm lương của nhân viên xuống 10% để giảm thiểu rủi ro

Phân tích một số thị trường trên thế giới

Thị trường Bắc Mỹ đạt 250,9 triệu USD vào năm 2019 và được dự đoán sẽ tăng mạnh trong những năm tới. Sự tăng trưởng trong khu vực này được cho là do sự phổ biến ngày càng tăng của Bitcoin ở Mỹ. Sự hiện diện của các công ty lớn nổi tiếng sẽ thúc đẩy tăng trưởng khu vực trong giai đoạn dự báo. Châu Á Thái Bình Dương dự kiến ​​sẽ chứng kiến ​​sự tăng trưởng đáng kể trong giai đoạn dự báo do sự phát triển công nghệ và sự chấp nhận tiền ảo ở Nhật Bản.
Sự hợp tác ngày càng tăng giữa những người chơi chính sẽ thúc đẩy đáng kể sự tăng trưởng của thị trường tiền điện tử ở Châu Á Thái Bình Dương. Ví dụ, vào tháng 1 năm 2020, Z Corporation, Inc. và TaoTao, Inc. đã công bố liên doanh với cơ quan dịch vụ tài chính để mở rộng sự hiện diện của mình bằng cách xác nhận việc tuân thủ quy định tại thị trường Nhật Bản.
Tháng 1 năm 2020, Binance, một công ty trao đổi tiền điện tử cung cấp nền tảng giao dịch cho các loại tiền điện tử khác nhau đã thông báo mua lại sàn tiền ảo Bitcoin WazirX có trụ sở tại Mumbai, Ấn Độ. Với việc mua lại này, Binance sẽ có thể mở rộng danh mục kinh doanh của mình ở Ấn Độ.
Danh sách các công ty chính hoạt động trong thị trường tiền điện tử: Binance.com. (Malta) Bitfury Group Limited (Hà Lan) BitGo, Inc. (Hoa Kỳ) Bitmain Technologies Ltd. (Saint Bitts LLC) (Trung Quốc) Coinbase (Hoa Kỳ) CoinDesk.com (Hoa Kỳ) Tập đoàn Intel (Hoa Kỳ) Ripple Labs, Inc. (Hoa Kỳ) Xilinx (Hoa Kỳ).

Lời kết

Với sự phát triển của công nghệ kỹ thuật số thì thị trường tiền ảo nói chung và giá trị tiền ảo nói riêng chắc chắn sẽ ngày càng tăng. Vì vậy với những nhà đầu tư có tầm nhìn và hoạch định hướng đi cho tương lai thì sẽ biết đâu là cơ hội phải nắm bắt. Để biết rõ hơn thông tin và cập nhật tin tức mới nhất về thị trường tiền ảo đừng quên xem thêm những bài viết mới nhất của chúng tôi.Xem thêm: Giá trị tiền ảo Bitcoin sẽ đạt 1 triệu USD trong 5 năm tới?
submitted by san_giao_dich_tienao to u/san_giao_dich_tienao [link] [comments]

Ahead of Migration to Symbol, Simplex Offers Fiat On-Ramp to Buy XEM

Ahead of Migration to Symbol, Simplex Offers Fiat On-Ramp to Buy XEM

Simplex provides fiat on-ramp infrastructure to several cryptocurrency exchanges, brokers and wallets.


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XEM, NEM’s native token on the original NEM blockchain (NIS1), can now be purchased using credit and debit cards thanks to a new partnership with crypto payment gateway, Simplex.
Simplex provides fiat on-ramp infrastructure for several cryptocurrency exchanges, brokers, and wallets. The agreement will allow XEM holders to conduct and settle crypto transactions, a grey area of business where a gauntlet of KYC requirements and other regulations kick in.
NEM’s userbase will benefit from Simplex’s fiat credit and debit purchase options and the support will prepare XEM holders for the upcoming launch of Symbol from NEM, its new enterprise-grade blockchain solution.
“This partnership will provide an easy global on-ramp to XEM, enabling access to Simplex’s extensive network of exchanges globally. By providing users with greater flexibility in purchasing, Simplex will broaden the reach of XEM,” the company said.
Simplex often charges 3.5 percent of a transaction, with a $10 minimum purchase amount. Moreover, the company applies various restrictions, including a $20,000 maximum for daily transactions when using a credit or debit card, as well as a $50,000 maximum monthly limit.
Israeli-based Simplex combines crypto payment processing with fraud prevention technology and also provides a KYC opt-out feature for purchases less than USD $150. This amount is calculated for the entire lifetime of the user. Further, the startup enables merchants to accept diverse payment methods, including credit card deposits and purchases, with zero exposure to chargeback risk.
Simplex has already signed partnerships with leading crypto exchanges, including Binance and Huobi, among others, to enable users to buy cryptocurrencies with their credit cards. Most recently, it has added support for Bitcoin SV, the cryptocurrency spearheaded by the self-proclaimed creator of Bitcoin, Craig Wright.
Speaking on today’s announcement, Nicholas Pelecanos, head of trading at NEM said: “We’re excited to make XEM more globally accessible through Simplex’s vast network of partners and exchanges. Simplex’s user experience is unparalleled, and we’re thrilled to work with this industry behemoth to extend NEM’s global reach. This will enable anyone, anywhere, to have a foray into NEM and the digital assets space, democratizing access and propelling the industry forward to the next phase of adoption.”
Source
submitted by CoreyGilligan to ICOAnalysis [link] [comments]

Bob The Magic Custodian



Summary: Everyone knows that when you give your assets to someone else, they always keep them safe. If this is true for individuals, it is certainly true for businesses.
Custodians always tell the truth and manage funds properly. They won't have any interest in taking the assets as an exchange operator would. Auditors tell the truth and can't be misled. That's because organizations that are regulated are incapable of lying and don't make mistakes.

First, some background. Here is a summary of how custodians make us more secure:

Previously, we might give Alice our crypto assets to hold. There were risks:

But "no worries", Alice has a custodian named Bob. Bob is dressed in a nice suit. He knows some politicians. And he drives a Porsche. "So you have nothing to worry about!". And look at all the benefits we get:
See - all problems are solved! All we have to worry about now is:
It's pretty simple. Before we had to trust Alice. Now we only have to trust Alice, Bob, and all the ways in which they communicate. Just think of how much more secure we are!

"On top of that", Bob assures us, "we're using a special wallet structure". Bob shows Alice a diagram. "We've broken the balance up and store it in lots of smaller wallets. That way", he assures her, "a thief can't take it all at once". And he points to a historic case where a large sum was taken "because it was stored in a single wallet... how stupid".
"Very early on, we used to have all the crypto in one wallet", he said, "and then one Christmas a hacker came and took it all. We call him the Grinch. Now we individually wrap each crypto and stick it under a binary search tree. The Grinch has never been back since."

"As well", Bob continues, "even if someone were to get in, we've got insurance. It covers all thefts and even coercion, collusion, and misplaced keys - only subject to the policy terms and conditions." And with that, he pulls out a phone-book sized contract and slams it on the desk with a thud. "Yep", he continues, "we're paying top dollar for one of the best policies in the country!"
"Can I read it?' Alice asks. "Sure," Bob says, "just as soon as our legal team is done with it. They're almost through the first chapter." He pauses, then continues. "And can you believe that sales guy Mike? He has the same year Porsche as me. I mean, what are the odds?"

"Do you use multi-sig?", Alice asks. "Absolutely!" Bob replies. "All our engineers are fully trained in multi-sig. Whenever we want to set up a new wallet, we generate 2 separate keys in an air-gapped process and store them in this proprietary system here. Look, it even requires the biometric signature from one of our team members to initiate any withdrawal." He demonstrates by pressing his thumb into the display. "We use a third-party cloud validation API to match the thumbprint and authorize each withdrawal. The keys are also backed up daily to an off-site third-party."
"Wow that's really impressive," Alice says, "but what if we need access for a withdrawal outside of office hours?" "Well that's no issue", Bob says, "just send us an email, call, or text message and we always have someone on staff to help out. Just another part of our strong commitment to all our customers!"

"What about Proof of Reserve?", Alice asks. "Of course", Bob replies, "though rather than publish any blockchain addresses or signed transaction, for privacy we just do a SHA256 refactoring of the inverse hash modulus for each UTXO nonce and combine the smart contract coefficient consensus in our hyperledger lightning node. But it's really simple to use." He pushes a button and a large green checkmark appears on a screen. "See - the algorithm ran through and reserves are proven."
"Wow", Alice says, "you really know your stuff! And that is easy to use! What about fiat balances?" "Yeah, we have an auditor too", Bob replies, "Been using him for a long time so we have quite a strong relationship going! We have special books we give him every year and he's very efficient! Checks the fiat, crypto, and everything all at once!"

"We used to have a nice offline multi-sig setup we've been using without issue for the past 5 years, but I think we'll move all our funds over to your facility," Alice says. "Awesome", Bob replies, "Thanks so much! This is perfect timing too - my Porsche got a dent on it this morning. We have the paperwork right over here." "Great!", Alice replies.
And with that, Alice gets out her pen and Bob gets the contract. "Don't worry", he says, "you can take your crypto-assets back anytime you like - just subject to our cancellation policy. Our annual management fees are also super low and we don't adjust them often".

How many holes have to exist for your funds to get stolen?
Just one.

Why are we taking a powerful offline multi-sig setup, widely used globally in hundreds of different/lacking regulatory environments with 0 breaches to date, and circumventing it by a demonstrably weak third party layer? And paying a great expense to do so?
If you go through the list of breaches in the past 2 years to highly credible organizations, you go through the list of major corporate frauds (only the ones we know about), you go through the list of all the times platforms have lost funds, you go through the list of times and ways that people have lost their crypto from identity theft, hot wallet exploits, extortion, etc... and then you go through this custodian with a fine-tooth comb and truly believe they have value to add far beyond what you could, sticking your funds in a wallet (or set of wallets) they control exclusively is the absolute worst possible way to take advantage of that security.

The best way to add security for crypto-assets is to make a stronger multi-sig. With one custodian, what you are doing is giving them your cryptocurrency and hoping they're honest, competent, and flawlessly secure. It's no different than storing it on a really secure exchange. Maybe the insurance will cover you. Didn't work for Bitpay in 2015. Didn't work for Yapizon in 2017. Insurance has never paid a claim in the entire history of cryptocurrency. But maybe you'll get lucky. Maybe your exact scenario will buck the trend and be what they're willing to cover. After the large deductible and hopefully without a long and expensive court battle.

And you want to advertise this increase in risk, the lapse of judgement, an accident waiting to happen, as though it's some kind of benefit to customers ("Free institutional-grade storage for your digital assets.")? And then some people are writing to the OSC that custodians should be mandatory for all funds on every exchange platform? That this somehow will make Canadians as a whole more secure or better protected compared with standard air-gapped multi-sig? On what planet?

Most of the problems in Canada stemmed from one thing - a lack of transparency. If Canadians had known what a joke Quadriga was - it wouldn't have grown to lose $400m from hard-working Canadians from coast to coast to coast. And Gerald Cotten would be in jail, not wherever he is now (at best, rotting peacefully). EZ-BTC and mister Dave Smilie would have been a tiny little scam to his friends, not a multi-million dollar fraud. Einstein would have got their act together or been shut down BEFORE losing millions and millions more in people's funds generously donated to criminals. MapleChange wouldn't have even been a thing. And maybe we'd know a little more about CoinTradeNewNote - like how much was lost in there. Almost all of the major losses with cryptocurrency exchanges involve deception with unbacked funds.
So it's great to see transparency reports from BitBuy and ShakePay where someone independently verified the backing. The only thing we don't have is:
It's not complicated to validate cryptocurrency assets. They need to exist, they need to be spendable, and they need to cover the total balances. There are plenty of credible people and firms across the country that have the capacity to reasonably perform this validation. Having more frequent checks by different, independent, parties who publish transparent reports is far more valuable than an annual check by a single "more credible/official" party who does the exact same basic checks and may or may not publish anything. Here's an example set of requirements that could be mandated:
There are ways to structure audits such that neither crypto assets nor customer information are ever put at risk, and both can still be properly validated and publicly verifiable. There are also ways to structure audits such that they are completely reasonable for small platforms and don't inhibit innovation in any way. By making the process as reasonable as possible, we can completely eliminate any reason/excuse that an honest platform would have for not being audited. That is arguable far more important than any incremental improvement we might get from mandating "the best of the best" accountants. Right now we have nothing mandated and tons of Canadians using offshore exchanges with no oversight whatsoever.

Transparency does not prove crypto assets are safe. CoinTradeNewNote, Flexcoin ($600k), and Canadian Bitcoins ($100k) are examples where crypto-assets were breached from platforms in Canada. All of them were online wallets and used no multi-sig as far as any records show. This is consistent with what we see globally - air-gapped multi-sig wallets have an impeccable record, while other schemes tend to suffer breach after breach. We don't actually know how much CoinTrader lost because there was no visibility. Rather than publishing details of what happened, the co-founder of CoinTrader silently moved on to found another platform - the "most trusted way to buy and sell crypto" - a site that has no information whatsoever (that I could find) on the storage practices and a FAQ advising that “[t]rading cryptocurrency is completely safe” and that having your own wallet is “entirely up to you! You can certainly keep cryptocurrency, or fiat, or both, on the app.” Doesn't sound like much was learned here, which is really sad to see.
It's not that complicated or unreasonable to set up a proper hardware wallet. Multi-sig can be learned in a single course. Something the equivalent complexity of a driver's license test could prevent all the cold storage exploits we've seen to date - even globally. Platform operators have a key advantage in detecting and preventing fraud - they know their customers far better than any custodian ever would. The best job that custodians can do is to find high integrity individuals and train them to form even better wallet signatories. Rather than mandating that all platforms expose themselves to arbitrary third party risks, regulations should center around ensuring that all signatories are background-checked, properly trained, and using proper procedures. We also need to make sure that signatories are empowered with rights and responsibilities to reject and report fraud. They need to know that they can safely challenge and delay a transaction - even if it turns out they made a mistake. We need to have an environment where mistakes are brought to the surface and dealt with. Not one where firms and people feel the need to hide what happened. In addition to a knowledge-based test, an auditor can privately interview each signatory to make sure they're not in coercive situations, and we should make sure they can freely and anonymously report any issues without threat of retaliation.
A proper multi-sig has each signature held by a separate person and is governed by policies and mutual decisions instead of a hierarchy. It includes at least one redundant signature. For best results, 3of4, 3of5, 3of6, 4of5, 4of6, 4of7, 5of6, or 5of7.

History has demonstrated over and over again the risk of hot wallets even to highly credible organizations. Nonetheless, many platforms have hot wallets for convenience. While such losses are generally compensated by platforms without issue (for example Poloniex, Bitstamp, Bitfinex, Gatecoin, Coincheck, Bithumb, Zaif, CoinBene, Binance, Bitrue, Bitpoint, Upbit, VinDAX, and now KuCoin), the public tends to focus more on cases that didn't end well. Regardless of what systems are employed, there is always some level of risk. For that reason, most members of the public would prefer to see third party insurance.
Rather than trying to convince third party profit-seekers to provide comprehensive insurance and then relying on an expensive and slow legal system to enforce against whatever legal loopholes they manage to find each and every time something goes wrong, insurance could be run through multiple exchange operators and regulators, with the shared interest of having a reputable industry, keeping costs down, and taking care of Canadians. For example, a 4 of 7 multi-sig insurance fund held between 5 independent exchange operators and 2 regulatory bodies. All Canadian exchanges could pay premiums at a set rate based on their needed coverage, with a higher price paid for hot wallet coverage (anything not an air-gapped multi-sig cold wallet). Such a model would be much cheaper to manage, offer better coverage, and be much more reliable to payout when needed. The kind of coverage you could have under this model is unheard of. You could even create something like the CDIC to protect Canadians who get their trading accounts hacked if they can sufficiently prove the loss is legitimate. In cases of fraud, gross negligence, or insolvency, the fund can be used to pay affected users directly (utilizing the last transparent balance report in the worst case), something which private insurance would never touch. While it's recommended to have official policies for coverage, a model where members vote would fully cover edge cases. (Could be similar to the Supreme Court where justices vote based on case law.)
Such a model could fully protect all Canadians across all platforms. You can have a fiat coverage governed by legal agreements, and crypto-asset coverage governed by both multi-sig and legal agreements. It could be practical, affordable, and inclusive.

Now, we are at a crossroads. We can happily give up our freedom, our innovation, and our money. We can pay hefty expenses to auditors, lawyers, and regulators year after year (and make no mistake - this cost will grow to many millions or even billions as the industry grows - and it will be borne by all Canadians on every platform because platforms are not going to eat up these costs at a loss). We can make it nearly impossible for any new platform to enter the marketplace, forcing Canadians to use the same stagnant platforms year after year. We can centralize and consolidate the entire industry into 2 or 3 big players and have everyone else fail (possibly to heavy losses of users of those platforms). And when a flawed security model doesn't work and gets breached, we can make it even more complicated with even more people in suits making big money doing the job that blockchain was supposed to do in the first place. We can build a system which is so intertwined and dependent on big government, traditional finance, and central bankers that it's future depends entirely on that of the fiat system, of fractional banking, and of government bail-outs. If we choose this path, as history has shown us over and over again, we can not go back, save for revolution. Our children and grandchildren will still be paying the consequences of what we decided today.
Or, we can find solutions that work. We can maintain an open and innovative environment while making the adjustments we need to make to fully protect Canadian investors and cryptocurrency users, giving easy and affordable access to cryptocurrency for all Canadians on the platform of their choice, and creating an environment in which entrepreneurs and problem solvers can bring those solutions forward easily. None of the above precludes innovation in any way, or adds any unreasonable cost - and these three policies would demonstrably eliminate or resolve all 109 historic cases as studied here - that's every single case researched so far going back to 2011. It includes every loss that was studied so far not just in Canada but globally as well.
Unfortunately, finding answers is the least challenging part. Far more challenging is to get platform operators and regulators to agree on anything. My last post got no response whatsoever, and while the OSC has told me they're happy for industry feedback, I believe my opinion alone is fairly meaningless. This takes the whole community working together to solve. So please let me know your thoughts. Please take the time to upvote and share this with people. Please - let's get this solved and not leave it up to other people to do.

Facts/background/sources (skip if you like):



Thoughts?
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Tất cả những điều bạn cần biết về sàn Kucoin

Sàn Kucoin – nếu bạn là một người am hiểu về tiền điện tử, sàn giao dịch tiền ảo thì chắc hẳn bạn đã biết đến sàn giao dịch Kucoin. Đây là một sàn giao dịch cũng được rất nhiều người ưa chuộng hiện nay. Chính vì vậy, hôm nay tôi sẽ chia sẻ một chút về những kiến thức cũng như những thông tin về Kucoin. Nào chúng ta hãy cùng nhau đi vào phần chính của bài viết nhé!

Thế nào là sàn Kucoin?

- KuCoin Exchange là một sàn giao dịch tiền điện tử của Trung Quốc, được thành lập vào ngày 15 tháng 9 năm 2017 tại Hồng Kông.
- Sàn giao dịch KuCoin chỉ cung cấp các cặp giao dịch coin-to-coin, tức là không hỗ trợ giao dịch coin với các loại tiền fiat như USD, EUR hoặc VND nên bạn không thể mua coin qua Paypal hoặc Visa / Mastercard hoặc thanh toán qua tài khoản ngân hàng...
- Bên cạnh các loại tiền phổ biến như Bitcoin, Ethereum, Litecoin, KuCoin còn hỗ trợ rất nhiều Altcoin và đặc biệt là Token của các dự án ICO.
- Điểm đặc biệt của sàn KuCoin nó sở hữu đồng coin riêng có tên là Kucoin Shares (KCS) và cũng cho phép nhà đầu tư giao dịch đồng coin khác ngoài KCS để giảm chi phí giao dịch, nó tương tự như sàn Binance với đồng Binance Coin (BNB) vậy.
- Kucoin có phí giao dịch thấp 0,1% và trải nghiệm người dùng tốt vì nó tích hợp biểu đồ Chế độ xem giao dịch để hỗ trợ các công cụ cho người giao dịch mua bán.
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Sàn Kucoin là gì?
Hiện tại, sàn tiền ảo KuCoin cung cấp 5 thị trường giao dịch: Bitcoin (BTC), Ethereum (ETH), USDT (Tether), NEO (NEO) và KuCoin Shares (KCS). Mặc dù KuCoin chỉ mới ra mắt vào giữa tháng 9 năm 2017 nhưng họ đã hỗ trợ rất nhiều loại coin, bao gồm các loại coin phổ biến như Bitcoin, Ethereum, Litecoin, NEO, Bitcoin Cash, Bitcoin Gold, ... và nhiều loại token như EthLand (LEND), RaiBlocks (XRB), Dragonchain (DRGN), Dent (DENT)…Hơn nữa, sàn giao dịch sẽ chia 90% lợi nhuận từ việc thu phí cho thành viên, cụ thể là 40% cho người giới thiệu và 50%. % dành cho những người nắm giữ tiền KCS trên sàn giao dịch.

Đội ngũ điều hành sàn giao dịch Kucoin

Chắc hẳn có nhiều bạn đọc ở đây không biết về các nhà lãy đạo của Kucoin. Chính vì thế, hôm nay tôi sẽ gửi đến các bạn thông tin về các nhà lãnh đạo người đã sáng lập ra sàn Kucoin.
- Michael Gan (CEO): Ông từng là chuyên gia kỹ thuật của Ant Financial (Tập đoàn Alibaba) với hiểu biết rất tốt về các giải pháp tài chính tương tự như Alipay. Anh từng đảm nhiệm các vị trí đối tác cấp cao tại một số công ty Internet nổi tiếng như Mike CRM và Kf5.com, v.v.
- Eric Don (COO): Nghiên cứu viên cao cấp về kiến ​​trúc hệ thống và Internet. Ông đã có hơn 10 năm kinh nghiệm làm việc và khởi nghiệp trong lĩnh vực internet, đồng thời giữ các vị trí CTO và đối tác cấp cao cho các công ty CNTT nổi tiếng như Youling, Fengzheng Lianxian và Ruiyun Wulian, v.v.
- Kent Li (Giám đốc vận hành): Chuyên phát triển các hoạt động cốt lõi và giữ các vị trí CEO và kiến ​​trúc sư tại một số công ty internet. Ông cũng đang giám sát các hoạt động khu vực của dự án REAP do Đại học Stanford ở Châu Á khởi xướng.
John Li (Trưởng nhóm bán hàng): Chủ tịch công ty truyền thông Jianbang và giám đốc dự án của trang web mua bán nhóm nổi tiếng địa phương. Ông phục vụ hơn 30 trung tâm dịch vụ mua hàng theo nhóm ở Trung Quốc, với trọng tâm chính là tài chính tiêu dùng.
- Top Lan (CTO): Chuyên gia kỹ thuật của Cộng đồng nguồn mở và quản lý một số dự án nguồn mở phổ biến trên github. Ông đã phụ trách việc hoàn thành thiết kế và triển khai hệ thống giao dịch tài chính Kucoin.
- Jack Zhu (Giám đốc Tiếp thị): Giám đốc điều hành thị trường Tây Nam của IBOX PAY. Ông lãnh đạo một nhóm tiếp thị với hơn 300 nhân viên.
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Đội ngũ CEO sáng lập nên sàn Kucoin

Đặc điểm sàn Kucoin

Sau khi đã hiểu được về sàn Kucoin thì tôi sẽ liệt kê ra cho các bạn một số kiến thức về đặc điểm của sàn giao dịch tiền ảo Kucoin dưới đây:
- Tuân thủ pháp lý: Hoạt động trên cơ sở pháp lý với vốn đăng ký 2 triệu USD, được hỗ trợ bởi đối tác tư vấn cấp cao, hoàn chỉnh với hệ thống kiểm soát rủi ro, tuân thủ và chống rửa tiền. Nước Pháp.
- KuCoin App: KuCoin cung cấp ứng dụng di động cho cả iOS và Android, bạn có thể giao dịch trên điện thoại thông minh.
- Công nghệ tiên tiến: Được thành lập bởi các chuyên gia công nghệ từ Ant Financial. Với kinh nghiệm dày dặn trong hệ thống tài chính, bộ máy của Kucoin có sự kết hợp độc đáo giữa bộ nhớ và công nghệ kế toán phân tán, xử lý hơn 1 triệu đơn đặt hàng mỗi giây.
- An toàn quỹ: Ví điện tử mã hóa nhiều lớp được đưa vào quy trình lưu ký ngân hàng; Các quỹ này sẽ được bên thứ ba quản lý và các báo cáo do ngân hàng phát hành thường xuyên.
- Hỗ trợ khách hàng 24/7: Hệ thống sẽ hỗ trợ khách hàng qua web, email, wechat. Khách hàng sẽ được giải đáp mọi thắc mắc trong vòng 10 phút.
- Trang tin tức: KuCoin có một trang dành riêng để cập nhật các tin tức nóng hổi và thông báo mới nhất về sàn tiền ảo uy tín , giúp các nhà đầu tư cập nhật bất kỳ thay đổi nào của sàn giao dịch.
- Ví điện tử an toàn: Ví điện tử của KuCoin được mã hóa nhiều lớp, được lưu trữ ngoại tuyến trong ngân hàng an toàn, quỹ tín thác và kiểm toán định kỳ của ngân hàng.
- Bảo mật cao: KuCoin cung cấp các tính năng bảo mật rất tốt như email, bảo mật 2 yếu tố (2FA) ...
- Phí giao dịch thấp: Tương tự như Binance, Kucoin có phí giao dịch và rút tiền cực kỳ cạnh tranh. (Xem bên dưới)
- Giao dịch và rút tiền nhanh chóng: KuCoin cho biết các loại tiền kỹ thuật số dựa trên Blockchain sẽ được thêm vào tài khoản của bạn trong vòng 2 phút kể từ khi giao dịch của bạn, việc rút tiền sẽ hoàn tất trong vòng 10 phút.
- Giao diện đẹp và thân thiện: Kucoin cung cấp cho nhà đầu tư một giao diện chuyên nghiệp, biểu đồ đẹp và các mục giao dịch trực quan, tương tự như Binance, phù hợp cho cả người mới tham gia.
- Hỗ trợ nhiều đồng xu: Sàn tiền ảo tốt nhất KuCoin hỗ trợ rất nhiều đồng xu, nhiều trong số đó bạn không thể tìm thấy trên các sàn giao dịch lớn khác
- Hỗ trợ nhiều ngôn ngữ: Mặc dù Kucoin là sàn giao dịch của Trung Quốc nhưng ngoài tiếng Trung, Kucoin còn hỗ trợ tiếng Anh, Pháp, Hàn... Vì Kucoin muốn hướng đến thị trường quốc tế.

Lời kết

Trên đây là bài chia sẻ kiến thức về sàn Kucoin. Bài viết này có giúp bạn nắm được một số thông tin cơ bản về sàn giao dịch Kucoin hay chưa? Hãy để lại comment cho tôi nếu bạn cảm thấy bài viết hay và bổ ích nhé! Bạn cũng có thể tham khảo bài hướng dẫn về cách đăng ký và sử dụng sàn giao dịch Kucoin tại đây. Chúc bạn thành công!
Tin tức mới nhất, cập nhật liên tục về tiếp thị liên kết tại trang web sàn tiền ảo tốt nhất
submitted by nguyenhoai12 to u/nguyenhoai12 [link] [comments]

Ahead of Migration to Symbol, Simplex Offers Fiat On-Ramp to Buy XEM

Ahead of Migration to Symbol, Simplex Offers Fiat On-Ramp to Buy XEM

Simplex provides fiat on-ramp infrastructure to several cryptocurrency exchanges, brokers and wallets.


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XEM, NEM’s native token on the original NEM blockchain (NIS1), can now be purchased using credit and debit cards thanks to a new partnership with crypto payment gateway, Simplex.
Simplex provides fiat on-ramp infrastructure for several cryptocurrency exchanges, brokers, and wallets. The agreement will allow XEM holders to conduct and settle crypto transactions, a grey area of business where a gauntlet of KYC requirements and other regulations kick in.
NEM’s userbase will benefit from Simplex’s fiat credit and debit purchase options and the support will prepare XEM holders for the upcoming launch of Symbol from NEM, its new enterprise-grade blockchain solution.
“This partnership will provide an easy global on-ramp to XEM, enabling access to Simplex’s extensive network of exchanges globally. By providing users with greater flexibility in purchasing, Simplex will broaden the reach of XEM,” the company said.
Simplex often charges 3.5 percent of a transaction, with a $10 minimum purchase amount. Moreover, the company applies various restrictions, including a $20,000 maximum for daily transactions when using a credit or debit card, as well as a $50,000 maximum monthly limit.
Israeli-based Simplex combines crypto payment processing with fraud prevention technology and also provides a KYC opt-out feature for purchases less than USD $150. This amount is calculated for the entire lifetime of the user. Further, the startup enables merchants to accept diverse payment methods, including credit card deposits and purchases, with zero exposure to chargeback risk.
Simplex has already signed partnerships with leading crypto exchanges, including Binance and Huobi, among others, to enable users to buy cryptocurrencies with their credit cards. Most recently, it has added support for Bitcoin SV, the cryptocurrency spearheaded by the self-proclaimed creator of Bitcoin, Craig Wright.
Speaking on today’s announcement, Nicholas Pelecanos, head of trading at NEM said: “We’re excited to make XEM more globally accessible through Simplex’s vast network of partners and exchanges. Simplex’s user experience is unparalleled, and we’re thrilled to work with this industry behemoth to extend NEM’s global reach. This will enable anyone, anywhere, to have a foray into NEM and the digital assets space, democratizing access and propelling the industry forward to the next phase of adoption.”
Source
submitted by CoreyGilligan to altcoin_news [link] [comments]

Sàn Bittrex và những điều cần được giải đáp từ A đến Z

Sàn Bittrex và những điều cần được giải đáp từ A đến Z
Sàn Bittrex là một trong các sàn tiền ảo có giao dịch lớn nhất trên thế giới tính theo khối lượng giao dịch. Bộ API của nó cho phép giao dịch nhanh chóng và dễ dàng. Đồng thời, hệ thống giám sát tự động của nó cung cấp tiền gửi và rút tiền nhanh chóng, làm cho nó trở thành một sàn giao dịch lý tưởng cho những người muốn giao dịch hiệu quả trên quy mô lớn. Được thành lập bởi các kỹ sư có kiến thức nền tảng về an ninh mạng khiến nó trở thành một trong những sàn giao dịch an toàn hơn hiện đang hoạt động. Bài viết hôm nay chúng ta sẽ cùng nhau bàn về tất tần tật mọi khía cạnh của sàn Bittrex cũng như hướng dẫn cách đăng ký tài khoản dành cho những người mới.

Bittrex là gì ?


https://preview.redd.it/z22be5e2xrx51.png?width=800&format=png&auto=webp&s=a72d24f8a35ad18bb41131ec297c5498fb00d8ce
Giao diện sàn Bittrex
Bittrex là một sàn giao dịch kỳ cựu hướng tới các nhà giao dịch có kinh nghiệm. Có trụ sở tại Seattle, Hoa Kỳ và Lichtenstein (Bittrex Global), nó cho phép mua trực tiếp tiền điện tử bằng cách sử dụng đô la Mỹ cũng như giao dịch giữa hơn 220 loại tiền điện tử thông qua công cụ giao dịch mạnh mẽ với giao diện đẹp mắt. Bittrex cũng có một bộ API của riêng mình, có thể được sử dụng để giao dịch tự động với bot. Đã được đưa ra bởi các nhân viên cũ của Microsoft và Amazon, một trong những điểm thu hút lớn nhất của nó là khả năng bảo mật mạnh mẽ (nó chưa bao giờ bị tấn công). Các đặc quyền khác của việc sử dụng sàn giao dịch Bittrex bao gồm tính thanh khoản cao, tính khả dụng trên toàn thế giới (bao gồm cả các nhà giao dịch từ Hoa Kỳ), ứng dụng di động hữu ích và phí giao dịch thấp.
Các tính năng đáng chú ý của sàn giao dịch Bittrex bao gồm:
  • Hơn 220 loại tiền điện tử. Giao dịch Bitcoin, Litecoin, XRP và các đồng tiền hàng đầu ít được biết đến khác để thu được lợi nhuận lớn.
  • Nền tảng mạnh mẽ, bảo mật và đáng tin cậy. Bittrex được thành lập bởi các cựu kỹ sư bảo mật và chưa từng bị hack trước đây. Bên cạnh đó, nó tuân thủ các quy định, làm cho nó trở thành một sàn giao dịch đáng tin cậy.
  • Bittrex cho phép bạn gửi và rút tiền tệ fiat trực tiếp vào tài khoản ngân hàng của bạn. Nếu bạn muốn nạp tiền vào tài khoản của mình một cách nhanh chóng, bạn có thể sử dụng tính năng gửi tiền bằng thẻ tín dụng / thẻ ghi nợ, tính năng này gần như tức thì và chỉ tốn 3% cho mỗi giao dịch. G
  • iao dịch thông minh trên di động. Ứng dụng di động Bittrex dành cho Android và iOS cho phép bạn giao dịch các thị trường tiền điện tử yêu thích của mình mọi lúc mọi nơi.
  • Đội ngũ hỗ trợ khách hàng hữu ích. Bittrex có một nền tảng kiến ​​thức sâu rộng, dạy cho người dùng tất cả những gì họ cần biết về giao dịch trên nền tảng của nó. Nếu điều đó không hữu ích, bạn sẽ mời qua Zendesk.
Nhìn chung, Bittrex là một sàn giao dịch tiền điện tử lâu năm, phù hợp nhất cho các nhà đầu tư doanh nghiệp muốn tiếp xúc với thị trường tiền điện tử. Nhiều loại tiền điện tử, bảo mật cấp cao và phí tương đối thấp là một ưu đãi tuyệt vời cho hầu hết những người đam mê tiền điện tử.

Những câu hỏi thường gặp về sàn Bittrex

Dưới đây là một số câu hỏi mà nhà đầu tư khi tìm hiểu rất thắc mắc về sàn Bittrex
  • Trang web này có cung cấp cho người dùng giao dịch ký quỹ không?
Không, nền tảng này không cung cấp dịch vụ như vậy, nhưng việc quản lý dịch vụ đang làm việc tại đó.
  • Có khả năng mở nhiều tài khoản bởi một người không?
Bạn có thể có nhiều tài khoản trên trang web này. Tuy nhiên, bạn nên liên hệ với nhóm hỗ trợ và thông báo cho họ về việc bạn muốn tạo nhiều tài khoản dưới cùng một ID. Hãy nhớ rằng tài khoản do một người tạo không thể giao dịch với nhau.
  • Các cách rút tiền trên Bittrex là gì?
Người dùng của trang web này không thể rút tiền của họ bằng USD, nhưng họ có thể rút tiền bằng Bitcoin. Nếu bạn muốn nhận tiền của mình bằng đô la, vui lòng truy cập trang ví và tạo một địa chỉ mới bằng ví bạn định nhận tiền. Bạn có thể tìm thấy danh sách phí rút tiền Bittrex hiện tại trên trang web.

Phí giao dịch trên sàn Bittrex

Bittrex tính phí hoa hồng 0,2% cho tất cả các giao dịch. Ví dụ: nếu khách hàng mua một bitcoin với giá 10.000 USD, điều này có nghĩa là họ sẽ trả khoảng 20 USD tiền hoa hồng. So với các sàn giao dịch tiền điện tử khác như Binance, Kraken và Bitfinex, phí giao dịch cơ sở của Bittrex chiếm vị trí trung bình – đây không phải là sàn giao dịch rẻ nhất hay đắt nhất dành cho các nhà giao dịch khối lượng thấp.
Khi nói đến phí gửi và rút tiền, Bittrex cho phép bạn nạp tiền vào tài khoản đã xác minh của mình bằng thẻ ngân hàng (VISA), chuyển khoản ngân hàng, chuyển khoản SEPA hoặc tiền điện tử. Tiền gửi bằng VISA đi kèm với phí 3%, trong khi chi phí chuyển khoản phụ thuộc vào ngân hàng của bạn. Theo nguyên tắc chung, chuyển khoản SEPA có xu hướng rẻ hơn và nhanh hơn so với chuyển khoản ngân hàng truyền thống.
Đối với phí gửi tiền điện tử, Bittrex không tính phí bất kỳ khoản phí nào, bao gồm cả tiền gửi fiat. Tuy nhiên, nó có tính phí rút tiền, với giá của chúng thay đổi tùy theo loại tiền điện tử được rút. Bittrex nhìn chung khá cạnh tranh khi nói đến phí rút tiền. Điều đó nói rằng, chúng không phải là lựa chọn rẻ nhất hiện có khi nói đến giao dịch hoặc rút tiền với khối lượng thấp cho bất kỳ loại tiền điện tử cụ thể nào. Mặc dù vậy, các nhà giao dịch khối lượng lớn vẫn đủ điều kiện để được giảm giá đáng kể khi khối lượng giao dịch trong 30 ngày của họ tăng lên.

Đánh giá về sàn Bittrex

Dưới đây là một số đánh giá của người dùng trên các diễn đàn tiền điện tử về sàn tiền ảo uy tín Bittrex

Ưu điểm

  • Điều hướng trực quan
  • Ví đáng tin cậy
  • Thực hiện giao dịch nhanh chóng
  • Nền tảng được quy định bởi luật pháp Hoa Kỳ
  • Những người sáng lập hỗ trợ cả blockchain mới và đã thành lập
  • Trang web không bao giờ bị tấn công Người dùng có thể gửi tiền mà không có bất kỳ giới hạn nào
  • Xác thực hai yếu tố (2FA)
  • Tạo tài khoản miễn phí
  • Hạn mức rút tiền hợp lý

Nhược điểm

  • Người dùng phải đợi lâu để nhận được phản hồi từ bộ phận hỗ trợ khách hàng
  • Quá trình xác minh có thể mất một chút thời gian

Hướng dẫn mở tài khoản Bittrex

Làm theo các bước sau để tạo và xác minh tài khoản Bittrex. Khách hàng của Bittrex Global sẽ được tự động chuyển hướng đến trang đăng ký Bittrex Global. Tất cả tài khoản Bittrex phải được xác minh. Lưu ý: Tất cả các tài khoản Bittrex chỉ được tạo bởi một địa chỉ email duy nhất, đây cũng là tên người dùng để đăng nhập vào tài khoản.
Quá trình tạo và xác minh tài khoản bao gồm nhiều biện pháp bảo mật để ngăn chặn truy cập trái phép và bảo vệ tài khoản Bittrex của bạn. Hãy kiên nhẫn và làm theo tất cả các hướng dẫn một cách cẩn thận. Để bắt đầu quá trình đăng ký tài khoản, hãy truy cập: https://www.bittrex.com/Account/Register

Tạo tài khoản cá nhân hay doanh nghiệp

Chọn xem bạn muốn tạo tài khoản cá nhân hay doanh nghiệp bằng cách chọn Account Type. Lưu ý: Việc chọn tài khoản doanh nghiệp sẽ hướng bạn đến việc thêm thông tin về quy trình đăng ký tài khoản doanh nghiệp Bittrex.

https://preview.redd.it/u5j488q3xrx51.png?width=800&format=png&auto=webp&s=aeaa57a32662d3fe1904a5ba2c1b043acf10cfd1
Đăng ký sàn Bittrex

Nhập địa chỉ email và mật khẩu

Nhập địa chỉ email của bạn vào trường địa chỉ email. Địa chỉ email này cũng sẽ được sử dụng làm tên người dùng Bittrex của bạn. Nhập mật khẩu vào trường mật khẩu. Mật khẩu phải dài ít nhất 8 ký tự. Để tăng cường bảo mật cho mật khẩu, bạn nên tạo mật khẩu gồm 12 ký tự trở lên bao gồm cả chữ cái, số và ký hiệu đặc biệt.

Xác minh Email

Nhấp vào Create Account. Một email xác minh sẽ được gửi cho bạn. Truy cập vào hộp thư đến của email và nhấp vào liên kết “Verify Email” trong email để xác minh địa chỉ email của bạn. Sau khi xác minh thành công địa chỉ email của bạn, bạn sẽ được yêu cầu xem xét kỹ điều khoản dịch vụ. Khi bạn đã đọc, hiểu và đồng ý với tất cả các điều kiện và hạn chế để sở hữu và sử dụng tài khoản Bittrex, hãy nhấp vào Accept Terms.

https://preview.redd.it/u7vq1jc4xrx51.png?width=800&format=png&auto=webp&s=cc1df4684b70d223456a48f415d43935e0820da3
Xác nhận email khi đăng ký sàn Bittrex

Hoàn thành thông tin cơ bản khi đăng ký sàn Bittrex

Tiếp theo, bạn sẽ được hướng dẫn gửi thông tin hồ sơ cơ bản của mình. Hoàn thành tất cả các trường bằng bàn phím với các ký tự LATINH (tiếng Anh). Bittrex không thể xử lý các ký tự và ký hiệu từ các ngôn ngữ khác và việc đó sẽ dẫn đến xác minh không thành công.

https://preview.redd.it/ewclqny4xrx51.png?width=800&format=png&auto=webp&s=28e945c87aa555a0e9e267eadbaa69ed792209ca
Hoàn thành thông tin cơ bản để xác minh tài khoản

Xác minh hồ sơ cá nhân

Nhấn Continue để chuyển sang xác minh hồ sơ cá nhân. Tất cả tài khoản Bittrex phải được xác minh bằng giấy tờ tùy thân do chính phủ cấp. Để bắt đầu quá trình, hãy nhấp vào Start Verification. Bạn sẽ được yêu cầu chụp ảnh nhận dạng chính thức của chính phủ và ảnh tự chụp khuôn mặt để xác minh danh tính của mình. Bạn nên sử dụng hộ chiếu cho ID. Đây là thông tin nhận dạng được chấp nhận rộng rãi nhất trên thế giới.
Thực hiện theo các hướng dẫn xác minh ID một cách cẩn thận. Các hình ảnh cần thiết có thể được chụp trên thiết bị của bạn hoặc tải lên từ một tệp. Bạn sẽ cần chụp ảnh mặt trước của giấy tờ tùy thân và ảnh tự chụp. Nếu tải lên tài liệu không phải là hộ chiếu, bạn cũng có thể được yêu cầu phải gửi hình ảnh mặt sau của ID. Tải lên ảnh tự chụp không tương thích. Bạn phải sử dụng thiết bị có camera để chụp ảnh tự sướng khi được nhắc nhở . Nếu bạn đang sử dụng máy tính không có camera, vui lòng chọn Quốc gia / Khu vực phát hành và Loại ID. Trang tiếp theo sẽ nhắc bạn gửi ID của mình, bạn có thể chọn Switch to mobile để tiếp tục trên thiết bị di động của bạn. Chọn tùy chọn phù hợp nhất với bạn (email, mã QR, liên kết sao chép) để tiếp tục trên thiết bị di động của bạn. Bằng cách gửi ảnh tự chụp bản thân, người dùng có thể tránh được lý do khiến mọi người gặp phải sự chậm trễ trong việc xác minh danh tính.
Hãy đảm bảo luôn mở trang web của bạn trong khi sử dụng thiết bị di động của bạn.Bất kỳ tệp được gửi nào không đáp ứng các yêu cầu này sẽ tự động bị lỗi. Nếu điều này xảy ra, bạn sẽ được hướng dẫn lặp lại các bước xác minh với một số mẹo về cách gửi xác minh thành công. Sau ba lần thử không thành công, bạn sẽ phải gửi phiếu hỗ trợ để được hỗ trợ bạn trong quá trình xác minh.

https://preview.redd.it/avf1ffm5xrx51.png?width=800&format=png&auto=webp&s=52c3b3dfe13c4b58ef3435df149b29e359ed727a
Xác minh thông tin trên sàn Bittrex
Quá trình xác minh ID có thể mất đến 10 phút để phê duyệt. Bạn phải luôn mở trang web trong khi quá trình xác minh đang xử lý. Sau khi xác minh ID thành công, bạn sẽ tự động được chuyển sang bước tiếp theo của quy trình.
Để tuân thủ các quy định của Hoa Kỳ và xác minh thêm danh tính của bạn, bạn sẽ được yêu cầu cung cấp số an sinh xã hội của mình. Nếu bạn không có số an sinh xã hội, chọn No và hệ thống sẽ yêu cầu bạn gửi số hộ chiếu để thay thế.
Khi danh tính của bạn đã được xác minh thành công, bạn sẽ nhận được một thông báo cho biết bạn đã xác minh danh tính thành công. Để bắt đầu sử dụng tài khoản Bittrex mới của bạn, hãy nhấp vào Start Trading!

Hướng dẫn gửi/rút tiền trên sàn Bittrex

Trước khi bạn có thể mua hoặc bán bất kỳ thứ gì trên Bittrex, bạn sẽ cần gửi tiền vào đó để giao dịch. Bạn có thể gửi đô la Mỹ, Bitcoin hoặc altcoin vào tài khoản của mình. Đối với tiền tệ fiat có hơi rắc rối một chút khi bạn buộc phải nhấp vào liên kết này và điền đầy đủ thông tin yêu cầu của Bittrex bittrexglobal.zendesk.com/hc/en-us/requests/new?ticket_form_id=360000352300 và chờ từ 5-10 ngày để được xét duyệt gửi tiền vào Bittrex. Còn đối với gửi tiền điện tử, hãy theo dõi những bước cụ thể dưới đây, đừng quên xác minh tài khoản của bạn trước khi bắt đầu.
  • Nhấp vào “Holdings” ở phía trên bên phải của trang web.
  • Tìm kiếm ví bạn sẽ gửi và nhấp vào “Gửi” trong tab Hành động.
  • Để gửi tiền, vui lòng sao chép địa chỉ Ví của bạn. Nếu bạn không có địa chỉ ví, hãy nhấp vào “Generate new wallet address”. Nếu ví đang được bảo trì, bạn sẽ thấy thông báo biển báo màu vàng chấm than
Làm tương tự như trên đối với hành động rút tiền bằng cách nhấp vào Wthdrawals bên cạnh.

https://preview.redd.it/ralgdf86xrx51.png?width=800&format=png&auto=webp&s=251dde788d06fdab578edf3813bb66ea50218a33
Gửi tiền trên sàn Bittrex

Hướng dẫn mua bán tiền ảo trên sàn Bittrex

Trên thanh menu chọn lệnh Market. Ở giao diện này bạn sẽ thấy được thị trường đang hoạt động của các đồng tiền điện tử được phép giao dịch trên sàn Bittrex. Click vào một loiaj mà bạn muốn mua/bán. Ví dụ ở bài viết bài là đồng BTC USD. Chọn Buy sau đó nhập số lượng BTC và giá cần mua, hệ thống sẽ tự động hiển thị tổng cộng giao dịch cần thanh toán bao gồm cả phí. Nhấn Place Buy Order để mở giao dịch bán. Và tương tự như vậy cho hành động Sell.

https://preview.redd.it/4697axv6xrx51.png?width=800&format=png&auto=webp&s=87500bc63d5b58ba0ccd0dc2c6fda664ec1d6c85
Mua bán tiền ảo trên sàn Bittrex

Lời kết

Bittrex là một sàn tiền ảo lâu năm và uy tín. Vì vậy đa số những người mới tham gia đầu tư tiền điện tử đều có nhu cầu tìm hiểu về sàn Bittrex. Hy vọng bài viết trên đây sẽ giúp được bạn đọc có những nhìn nhận tổng quát nhất về sàn tiền ảo uy tín này và biết được cách đăng ký tài khoản. Để biết thêm thông tin về các sàn tiền ảo tốt nhất đừng quên đọc thêm các bài viết khác của chúng tôi nhé.Xem thêm: Sàn OKEx và tất tần tật những điều liên quan mà bạn cần phải biết
submitted by san_giao_dich_tienao to u/san_giao_dich_tienao [link] [comments]

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How to convert your BTC to USDT on Binance - YouTube

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