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Why i’m bullish on Zilliqa (long read)

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

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

Bizarre: Coronavirus and the Number 33

This is the updated list as of March 6, 2020.

Got this from here http://itnt.news/1608
submitted by tommymbargo to conspiracy [link] [comments]

Mining and Dogecoin - Some FAQs

Hey shibes,
I see a lot of posts about mining lately and questions about the core wallet and how to mine with it, so here are some facts!
Feel free to add information to that thread or correct me if I did any mistake.

You downloaded the core wallet

Great! After a decade it probably synced and now you are wondering how to get coins? Bad news: You don't get coins by running your wallet, even running it as a full node. Check what a full node is here.
Maybe you thought so, because you saw a very old screenshot of a wallet, like this (Version 1.2). This version had a "Dig" tab where you can enter your mining configuration. The current version doesn't have this anymore, probably because it doesn't make sense anymore.

You downloaded a GPU/CPU miner

Nice! You did it, even your antivirus system probably went postal and you started covering all your webcams... But here is the bad news again: Since people are using ASIC miners, you just can't compete with your CPU hardware anymore. Even with your more advanced GPU you will have a hard time. The hashrate is too high for a desktop PC to compete with them. The blocks should be mined every 1 minute (or so) and that's causing the difficulty to go up - and we are out... So definitly check what is your hashrate while you are mining, you would need about 1.5 MH/s to make 1 Doge in 24 hours!

Mining Doge

Let us start with a quote:
"Dogecoin Core 1.8 introduces AuxPoW from block 371,337. AuxPoW is a technology which enables miners to submit work done while mining other coins, as work on the Dogecoin block chain."
- langerhans
What does this mean? You could waste your hashrate only on the Dogecoin chain, probably find never a block, but when, you only receive about 10.000 Dogecoins, currently worth about $25. Or you could apply your hashrate to LTC and Doge (and probably even more) at the same time. Your change of solving the block (finding the nonce) is your hashrate divided by the hashrat in sum - and this is about the same for Doge and LTC. This means you will always want to submit your work to all chains available!

Mining solo versus pool

So let's face it - mining solo won't get you anywhere, so let's mine on a pool! If you have a really bad Hashrate, please consider that: Often you need about $1 or $2 worth of crypto to receive a payout (without fees). This means, you have to get there. With 100 MH/s on prohashing, it takes about 6 days, running 24/7 to get to that threshold. Now you can do the math... 1 MH/s = 1000 KH/s, if you are below 1 MH/s, you probably won't have fun.

Buying an ASIC

You found an old BTC USB-miner with 24 GH/s (1 GH/s = 1000 MH/s) for $80 bucks - next stop lambo!? Sorry, bad news again, this hashrate is for SHA-256! If you want to mine LTC/Doge you will need a miner using scrypt with quite lower numbers on the hashrate per second, so don't fall for that. Often when you have a big miner (= also loud), you get more Hashrate per $ spent on the miner, but most will still run on a operational loss, because the electricity is too expensive and the miners will be outdated soon again. Leading me to my next point...

Making profit

You won't make money running your miner. Just do the math: What if you would have bougth a miner 1 year ago? Substract costs for electricity and then compare to: What if you just have bought coins. In most cases you would have a greater profit by just buying coins, maybe even with a "stable" coin like Doges.

Cloud Mining

Okay, this was a lot of text and you are still on the hook? Maybe you are desperated enough to invest in some cloud mining contract... But this isn't a good idea either, because most of such contracts are scams based on a ponzi scheme. You often can spot them easy, because they guarantee way to high profits, or they fake payouts that never happened, etc.
Just a thought: If someone in a subway says to you: Give me $1 and lets meet in one year, right here and I give you $54,211,841, you wouldn't trust him and if some mining contract says they will give you 5% a day it is basically the same.
Also rember the merged mining part. Nobody would offer you to mine Doges, they would offer you to buy a hashrate for scrypt that will apply on multiple chains.

Alternative coins

Maybe try to mine a coin where you don't have ASICs yet, like Monero and exchange them to Doge. If somebody already tried this - feel free to add your thoughts!

Folding at Home (Doge)

Some people say folding at home (FAH - https://www.dogecoinfah.com/) still the best. I just installed the tool and it says I would make 69.852 points a day, running on medium power what equates to 8 Doges. It is easy, it was fun, but it isn't much.
Thanks for reading
_nformant
submitted by _nformant to dogecoin [link] [comments]

The day has come [SAD]

I'm not here to preach /s.
As the S&P fucks its YTD low, I have seen nothing but optimism and belief for this defi movement.
Riots in Delhi, Lebanese citizens got the mattress pulled from underneath them, and the COVID-19 virus is declared as a worldwide pandemic according to overlord Wikipedia.
It's a sad day for earth, I believe we are now in bitcoin standard territory.
submitted by HalfBotHalfShibe to SatoshiStreetBets [link] [comments]

[2nd Gen Peer-to-Peer Systems] Had to implement Pastry and Chord For an Assignment // Distributed Hash Tables

Hi folks,
I had to implement Pastry and Chord, they are second generation peer-to-peer systems. The first gen, for e.g would be Gnutella and Napster (Yes, the software that made Sean Parker famous. His role in the movie: The Social Network was played by Justin Timberlake), and the third gen would be BitTorrent.
They are basically distributed hash tables and can be applied for various usage.
Wiki Links:
Pastry) Chord)
Here is my Github Repo: LINK
I tried to write a good README, let me know if I got anything wrong (or missing) or if you have any issues.
Also, I will be doing two more:
- GHS algorithm (for calculating distributed MST)
- BitCoin
Stay tuned if interested.
submitted by callMeSpacetime to learnprogramming [link] [comments]

Start learning programming " Here is the best Platforms for you"

Step by step Help for you:
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Few more resources:
submitted by Programming-Help to Programming_Languages [link] [comments]

Burstcoin Is A Robust And Unique Cryptocurrency: Proof of Capacity (PoC) Ensures Decentralization, Energy Efficiency, And Low Barrier To Entry

http://www.cypherpunklabs.com/burstcoin-is-a-robust-and-unique-cryptocurrency-proof-of-capacity-poc-ensures-decentralization-energy-efficiency-and-low-barrier-to-entry/
Decentralization is perhaps the fundamental reason why Bitcoin has been successful. Since Bitcoin is decentralized, its network cannot be controlled by any government, corporation, or other centralized entity, and this is why Bitcoin still exists to this day rather than being shutdown a long time ago. Bitcoin achieves decentralization through its Proof of Work (PoW) algorithm, where miners around the world cryptographically hash transactions into blocks and receive block rewards for their efforts, and nodes constantly check to ensure that all confirmed transactions are following consensus rules.
The major caveat with PoW is it is energy intensive. This has especially become a problem due to the rapid rise in Bitcoin’s price long term, which has resulted in an arms race of sorts to amass the most hashing power in order to obtain the most mining profits. Indeed, the Bitcoin hash rate has risen orders of magnitude, from MH/s, to GH/s, to TH/s, to PH/s, and now up to its all-time high so far of 84 EH/s. This represents exponentially more computing resources and energy consumption.
This is a problem for two reasons. First off, there is a very high barrier to entry for new users to mine Bitcoin. It requires thousands of dollars of mining equipment to make any worthwhile profit from mining Bitcoin.
Secondly, Bitcoin mining consumes a massive amount of energy worldwide. It is estimated by Digiconomist that Bitcoin mining uses 73.12 TWh of energy annually, equivalent to the electricity consumption of the entire country of Austria, or 0.33% of total global electricity consumption. This releases nearly 35 Megatons of Carbon Dioxide annually, contributing to global warming, aside from other environmental damage caused by burning fossil fuels and manufacturing mining equipment. Digiconomist may be an overestimate of Bitcoin’s environmental impact, but it is somewhere in the ballpark.
Numerous alternative cryptocurrencies have tried to be environmentally friendly via using the Proof of Stake (PoS) algorithm, but this sacrifices decentralization, since all the voting rights end up concentrated into the hands of developers and major bag holders.
This is where Proof of Capacity (PoC), formerly called Proof of Space, comes in. Instead of using specialized Bitcoin mining equipment, PoC simply uses hard drive space to mine cryptocurrency. Burstcoin (BURST) is the #1 PoC cryptocurrency. Bitcoin HD (BHD) is another PoC cryptocurrency, but it has a highly centralized supply with 3.1 million out of 5 million total coins in the hands of the developers, so it is nonsensical to choose BHD considering that BURST has a highly decentralized supply. The problem with a centralized supply is it can cause a coin’s value to collapse long term due to developers dumping on the market.
In order to start mining BURST, a user simply allocates part of their hard drive, and this area of hard drive is plotted. Plotting is a 1-time hashing cycle where the hard drive is filled with cryptographic hashes via the Shabal cryptographic algorithm. The node also has to synchronize with the BURST blockchain before mining. Fortunately, the BURST blockchain is less than 9 GB, versus the Bitcoin blockchain which is nearly 240 GB.
Once plotting and synchronization is complete the user can begin mining. During each mining round the plot file is searched to find the correct cryptographic hash for the block, and when the correct hash is found the user receives a block reward. Essentially, the hashes in the plot file can be thought of as lottery tickets, and the bigger the size of the plot, meaning the more hard drive space dedicated to mining BURST, the more likely it is to find the correct hash.
Like with Bitcoin mining, users can join pools so that even if they have a small amount of hard drive space they can still earn BURST at a steady pace.
Since BURST’s PoC algorithm simply reads a hard drive versus the intense computational work of Bitcoin’s PoW, BURST mining uses a negligible amount of electricity. It is estimated that each BURST transaction consumes 0.0024 KWh of electricity, versus about 1,000 KWh used for each Bitcoin transaction.
Aside from being far more environmentally friendly, electricity costs are negligible for BURST miners, so BURST miners earn nearly 100% profit. This opens the door for users with any level of technology to profitably mine BURST, including personal computers and technically even cell phones. Compare this to Bitcoin where mining with even a powerful personal computer is impossible.
Ultimately, BURST’s energy efficiency makes the barrier to entry very low, a user simply needs to have hard drive space to mine BURST. This results in the BURST network being highly decentralized.
Notably, miners do not have to buy any special equipment to mine BURST, they just use spare hard drive space that was sitting unused, versus Bitcoin mining where specialized hardware that costs thousands of dollars is required. Bitcoin mining rigs often become obsolete with time, and also have no other use besides Bitcoin mining, whereas hard drive space used for BURST mining never becomes obsolete and can easily be freed up and used for storage by deleting the plot file.
In summary, BURST is one of the most unique and fundamentally robust cryptocurrencies due to its PoC algorithm, which ensures decentralization while simultaneously guaranteeing energy efficiency and a low barrier for miner entry.
submitted by turtlecane to burstcoin [link] [comments]

[WTS] [USA-FL] [H] Console games, SNES, NES, Genesis, PSX, Ps2, XBX, GCN, More! [W] PayPal, Crypto, Cash App, Local Cash

WTS:
Offers entertained and encouraged. Paypal accepted, Bitcoin or major alts strongly preferred.
I also have a good variety of guides from late 90s to late 2000s. Character limit here, can’t post quite a bit honestly..
GB/C:
ShadowGate Classic - Complete, 20 shipped.
Saturn:
Tactics Ogre: Let Us Cling Together JPN - Complete w/ Spine Card, 15 shipped.
PSX:
Monster Rancher Battle Card II - New/sealed 35 shipped
Wii:
Sin and Punishment Star Successor - Sealed/New Wii - 14 shipped
Zack and Wiki - Used, complete, case/manual in poor condition. 9 shipped.
Ps3:
Sonic Ultimate Genesis Collection - Used, complete, 15 shipped.
Darksiders - Used, complete, 10 shipped.
Resident Evil 5 - Used, complete, 10 shipped.
PSP:
Exit - Used, complete, 10 shipped.
Ps2:
I-Ninja - New/Sealed - 29 shipped.
Wrath Unleashed - New/Sealed 45 shipped.
Fantavision - New/sealed 18 shipped.
Ultimate Spiderman - Complete, 16 shipped.
Ring of Red - Complete, 14 shipped
Transformers - Complete, 12 shipped.
Primal - Complete, 12 shipped.
Prince of Persia Warrior Within - Complete, 9 shipped.
Super Bust a Move - Complete, 8 shipped.
Kengo Master of Bushido - Complete, 6 shipped.
Tekken Tag Tournament - Complete, 6 shipped.
SSX Tricky - Complete, some scuffing on the case, 12 shipped.
Beyond Good and Evil - Non GH - Brand New/Sealed - Offer.
Armored Core 2 - Complete, 8 shipped.
Dynasty Warriors 3 - Complete, 11 shipped.
The Bouncer - New/Sealed, offer.
Dynasty Warriors 4 - Complete, 8 shipped.
EverQuest Online Adventures - Complete, take it!
Auto Modellista - Complete, 7 shipped.
Jet X20 - Complete, 5 shipped.
Metal Gear Solid 3: Snake Eater - New/Sealed, 23 shipped.
Disaster Report - New/Sealed, Offer.
Ring of Red - Complete, 19 shipped.
Phantom Brave - New/Sealed, 28 shipped (also have guide we can toss in for small extra)
RPG Maker II - New/Sealed, 40 shipped.
No One Lives Forever - Complete, 9 shipped.
Bombastic - New/sealed, 14 shipped.
Mad Maestro - New/sealed, 12 shipped.
SSX - Complete, 10 shipped.
Dragonball Z: Budokai - Complete, 12 shipped.
Ready 2 Rumble: Round 2 - Complete, 6 shipped.
Kessen - Complete, 6 shipped.
Max Payne - Complete, take it.
Big Mutha Truckers - Complete, take it.
Legacy of Kain: Soul Reaver 2 - New/sealed, offer.
Guitar Hero - Game / case / manual only, 5 shipped.
Virtua Fighter 4: Evolution - Complete, 7 shipped.
32X:
NBA Jam T.E. - 12 shipped.
Gamecube
007 Agent Under Fire - Complete, 8 shipped.
Battalion Wars - New/sealed, 40 shipped.
ChibiRobo - New/sealed, Offer.
Final Fantasy Crystal Chronicles JPN - Complete, 13 shipped.
Geist - Complete, 23 shipped.
MegaMan Anniversary Collection - Complete, 20 shipped.
Phantasy Star Online Episode I & II - Complete, 50 shipped.
Robotech: Battlecry - New/Sealed, offer.
Sonic Mega Collection - Complete, 10 shipped.
Spiderman 2 - Used, complete, 10 shipped.
Star Wars Rogue Squadron: Rebel Strike Preview Disc - Complete, 18 shipped.
TMNT Battle Nexus 2 - Complete, great shape - 18 shipped.
Tom Clancey's Splinter Cell - Complete, 10 shipped.
Viewtiful Joe 2 - Complete, 10 shipped.
Zoocube - New/Sealed, offer.
Super Nintendo
Captain America and the Avengers - 20 shipped.
Eye of the Beholder - 13 shipped.
Final Fantasy Mystic Quest - 18 shipped.
Final Fight - 14 shipped
Final Fight - 14 shipped
F-Zero - 14 shipped.
Inindo Way of the Ninja - 22 shipped.
JPN Aladdin - Whatever
JPN NBA Jam - Whatever
Kirby's Avalanche - 22 shipped.
Knights of the Round - 75 shipped.
Mario Paint (has mouse) - 16 shipped.
Maximum Carnage - Ex-rental, red cart, 13 shipped.
MegaMan X - 30 shipped
Mortal Kombat II - 13 shipped.
NFL Quarterback Club - 5 shipped.
Pac Man 2 Adventures of Pac Man - 6 shipped.
Pitfall - 7 shipped.
Populous - 5 shipped.
Star Wars Super Empire Strikes Back - 10 shipped
Super Empire Strikes Back - 10 shipped.
Super GameBoy - 18 shipped
Super Mario All Stars - 17 shipped.
Super Mario Kart - 30 shipped.
Super Mario World - 14 shipped
Super Mario World - 15 shipped.
Super Return of the Jedi - 12 shipped.
Super Star Wars - 10 shipped.
Taz Mania - 7 shipped.
Wing Commander - The Secret Missions - 9 shipped.
Genesis
Aladdin - 10 shipped.
Alisia Dragoon - 50 shipped.
Altered Beast - 7 shipped.
Bernstein Bear: Camping Adventure - 7 shipped.
Chester Cheetah: Too Cool to Fool - 8 shipped.
Desert Demolition (Road RunneCoyote) - 6 shipped.
Ecco the Dolphin - 6 shipped.
Gunstar Heroes - 50 shipped.
Hook - 5 shipped.
Jurassic Park: Rampage Edition - 6 shipped.
Lion King - 9 shipped.
Maximum Carnage - Red cart, 12 shipped.
Mig-29 Fighter Pilot - 7 shipped.
Mortal Kombat - 6 shipped.
Mortal Kombat II - Box/cart - 20 shipped.
Mystic Defender - 9 shipped.
NBA Jam - 7 shipped.
NFL 98 - 6 shipped.
Olympic Summer Games - 6 shipped.
Phantasy Star III - 32 shipped.
Power Rangers - 7 shipped.
Road Rash - 18 shipped.
Shadow Dancer The Secret of Shinobi - Tear on label, 8 shipped.
Shining in the Darkness - 18 shipped.
Sonic 2 - 6 shipped.
Sonic 3 - Box/cart - 14 shipped.
Sonic 3D Blast - 8 shipped.
Sonic the Hedgehog - 7 shipped.
Space Harrier II - 11 shipped.
Street Fighter II Special Championship Edition - 9 shipped.
Strider - 16 shipped.
Tecmo Super Bowl - 11 shipped.
Toy Story - 9 shipped.
Virtua Racing - 10 shipped.
WeaponLord - 11 shipped.
Williams Arcade's Greatest Hits - 8 shipped.
Winter Olympic Games - 7 shipped
World of Illusion Starring Donald Duck and Mickey - 10 shipped.
X-Men - 7 shipped.
X-Men -Box/cart - 10 shipped.
/////////
NES
Advanced D&D Heroes of the Lance - 13 shipped.
Battle Chess - 7 shipped.
Bomberman - 22 shipped.
Castlequest - 7 shipped.
Classic Concentration - 8 shipped.
Cobra Triangle - 7 shipped.
Code Name Viper - 9 shipped.
Crystalis - 15 shipped.
Defender II - 6 shipped.
Double Dragon - 13 shipped.
Double Dragon III - 13 shipped.
Excitebike - 12 shipped.
Exodus - 10 shipped.
Faxanadu - 13 shipped.
Final Fantasy - 20 shipped.
Galaga - 12 shipped.
Gauntlet II - 10 shipped.
Ghosts 'N Goblins - 12 shipped.
Gradius - 8 shipped.
Hydlide - 7 shipped.
Indiana Jones Temple of Doom (black cart) - 12 shipped
Iron Sword - 6 shipped.
Jeopardy! - 6 shipped.
Legacy of the Wizard - 10 shipped.
Lode Runner - 10 shipped.
Marble Madness - 6 shipped.
Mario 3 - 15 shipped.
Mario Bros / Duck Hunt - 7 shipped.
Mission Impossible - 7 shipped.
Monopoly - 7 shipped.
Monster Party - 9 shipped.
Mystery Quest - 8 shipped.
NES (cart only):
Rampage - 10 shipped.
Renegade - 8 shipped.
Robocop - 7 shipped.
Rolling Thunder - 8 shipped.
Rush 'n Attack - 7 shipped.
Section Z - 7 shipped.
Shadow of the Ninja - 15 shipped.
Shinobi - 10 shipped.
Strider - 8 shipped.
Super Pitfall - 10 shipped.
T&C Surf Design - 10 shipped.
Tecmo Bowl - 14 shipped.
Tecmo Super Bowl - 15 shipped.
Tecmo World Wrestling - 8 shipped.
Teenage Mutant Ninja Turtles - 10 shipped.
The Black Bass - 8 shipped.
The Goonies II - 7 shipped.
Time Lord - 7 shipped.
Yo Noid - 9 shipped.
Yoshi's Cookie - 8 shipped.
Nintendo 64
Army Men: Sarge's Heroes - 7 shipped.
Diddy Kong Racing - 12 shipped
Donkey Kong 64 - 20 shipped.
Duke Nukem 64 - 14 shipped
Duke Nukem Zero Hour - 8 shipped
Indiana Jones and the Infernal Machine - 20 shipped.
JPN Yoshi' Story - 15 shipped.
Lego Racers - 13 shipped
Lode Runner 3D - 10 shipped.
Mario 64 - 23 shipped
Pokemon Puzzle League - 10 shipped.
Pokemon Stadium - 16 shipped
Quest 64 - 10 shipped.
Rocket Robot on Wheels - 10 shipped.
Rogue Squadron - 8.50 shipped
Shadows of the Empire - 9 shipped
Snowboard Kids - 17 shipped
Turok Rage Wars Black Cart - 10 shipped
Wave Race - 6 shipped
360
Assassin's Creed - Used, complete, 10 shipped.
Devil May Cry 4 - Complete, 8 shipped.
DragonAge Origins + Awakening, Complete, 12 shipped.
Halo ODST + Forza 3 Combo - Complete, 12 shipped.
Halo Ultimate Companion DVD - 10 shipped.
Last Remnant - Used, complete, 10 shipped.
Perfect Dark Zero - Complete, 9 shipped.
Rainbow Six: Vegas - Complete, 8 shipped.
Original Xbox
Armed and Dangerous - Complete, 8 shipped.
Guilty Gear X2 Reload - Complete, 9 shipped.
Red Faction II - Complete, 8 shipped.
Star Wars Clone Wars / Tetris Worlds - New/Sealed - 25 shipped.
Thief Deadly Shadows - Complete, 10 shipped.
Toejam and Earl III - New/Sealed, offer.
Voodoo Vince - New/sealed, 25 shipped.
Dreamcast
Dino Crisis - New/sealed, 35 shipped
Draconus: Cult of the Wyrm - Complete, 15 shipped.
NBA 2K - Complete, 5 shipped.
NBA 2K1 - Complete, 6 shipped.
Rainbow Six - Complete, 9 shipped.
Seventh Cross Evolution - Complete, 15 shipped.
Spec Ops II: Omega Squad - Complete, 10 shipped.
Speed Devils: Online Racing - Complete, black label, 13 shipped.
Test Drive LE Mans - Complete, 10 shipped.
Worms Armageddon - Complete, 15 shipped.
DS:
Dragon Quest V - Sealed/new Nintendo DS - 42 shipped.
Feel the Magic - Used/complete, 6 shipped.
Magical Starsign - New/sealed 15 shipped
Magnetica - New/sealed 12 shipped
Mario and Luigi: Bower’s Onside Story DS - New/sealed 42 shipped.
Ping Pals - Complete, 6 shipped.
Touch Detective - New/sealed - 35 shipped
Manuals:
Baldur's Gate PC - 10 shipped
Castlevania 64 - 8 shipped
Children of Mana DS - 4 shipped
Contra Hard Corps Genesis - 15 shipped.
Cosmic Carnage 32X - 4 shipped
Doom 32x - 4 shipped
Double Dragon III NES - 8 shipped
Final Fantasy X-2 Ps2 - 6 shipped
Halo 2 XBX - 4 shipped
Killer Instinct Gold - 8 shipped
KotOR XBX - 6.50 shipped
Lament of Innocence Ps2 - free with other.
Mario Kart 64 - 9 shipped.
Mario Paint SNES - 5 shipped
Mario Party 4 GCN - 8 shipped
MegaMan 6 - 20 shipped
NBA Jam 32X - Free with something else
Rygar Ps2 - 7 shipped
Secret of Evermore SNES - 8 shipped
Super Ghouls and Ghosts SNES - 9 shipped.
Super Mario 64 - 7 shipped.
The Tick Genesis - 7 shipped
Turtles in Time TMNT IV SNES - 22 shipped
Consoles:
Looking for near market rates on these if anyone is interested**! Pm! PayPal or Bitcoin! Brand new, sealed.**
I'm back...
I will consider all offers! Will ship international, worldwide!
WTS:
Offers entertained and encouraged. Paypal accepted, Bitcoin or major alts strongly preferred.
BTC:
ShadowGate Classic - Complete, 20 shipped.
Saturn:
Tactics Ogre: Let Us Cling Together JPN - Complete w/ Spine Card, 15 shipped.
PSX:
Monster Rancher Battle Card II - New/sealed 20 shipped
Beyond the Beyond - Complete, 35 shipped.
Mobile Suit Gundam JPN - Complete, case a little cracked, offer?
Invasion From Beyond - New/sealed, offer?
Psybadek - New/sealed, 15 shipped.
O.D.T. Escape or Die Trying - Complete, 8 shipped.
Puzzle Star Sweep - Complete, 11 shipped.
Wii:
Sin and Punishment Star Successor - Sealed/New Wii - 14 shipped
Zack and Wiki - Used, complete, case/manual in poor condition. 9 shipped.
Ps3:
Sonic Ultimate Genesis Collection - Used, complete, 15 shipped.
Darksiders - Used, complete, 10 shipped.
Resident Evil 5 - Used, complete, 10 shipped.
PSP:
Exit - Used, complete, 10 shipped.
Ps2:
I-Ninja - New/Sealed - 29 shipped.
Wrath Unleashed - New/Sealed 45 shipped.
Fantavision - New/sealed 18 shipped.
Ultimate Spiderman - Complete, 16 shipped.
Ring of Red - Complete, 14 shipped
Transformers - Complete, 12 shipped.
Primal - Complete, 12 shipped.
Prince of Persia Warrior Within - Complete, 9 shipped.
Super Bust a Move - Complete, 8 shipped.
Kengo Master of Bushido - Complete, 6 shipped.
Tekken Tag Tournament - Complete, 6 shipped.
SSX Tricky - Complete, some scuffing on the case, 12 shipped.
Beyond Good and Evil - Non Greatest Hits - Brand New/Sealed - Offer.
Armored Core 2 - Complete, 8 shipped.
Dynasty Warriors 3 - Complete, 11 shipped.
The Bouncer - New/Sealed, offer.
Dynasty Warriors 4 - Complete, 8 shipped.
EverQuest Online Adventures - Complete, take it!
Auto Modellista - Complete, 7 shipped.
Jet X20 - Complete, 5 shipped.
Metal Gear Solid 3: Snake Eater - New/Sealed, 23 shipped.
Disaster Report - New/Sealed, Offer.
Ring of Red - Complete, 19 shipped.
Phantom Brave - New/Sealed, 28 shipped (also have guide which can be worked into the deal somehow).
RPG Maker II - New/Sealed, 40 shipped.
No One Lives Forever - Complete, 9 shipped.
Bombastic - New/sealed, 14 shipped.
Mad Maestro - New/sealed, 12 shipped.
SSX - Complete, 10 shipped.
Dragonball Z: Budokai - Complete, 12 shipped.
Ready 2 Rumble: Round 2 - Complete, 6 shipped.
Kessen - Complete, 6 shipped.
Max Payne - Complete, take it.
Big Mutha Truckers - Complete, take it.
Legacy of Kain: Soul Reaver 2 - New/sealed, offer.
Guitar Hero - Game / case / manual only, 5 shipped.
Virtua Fighter 4: Evolution - Complete, 7 shipped.
32X:
NBA Jam T.E. - 12 shipped.
Gamecube
007 Agent Under Fire - Complete, 8 shipped.
Battalion Wars - New/sealed, 40 shipped.
ChibiRobo - New/sealed, Offer.
Final Fantasy Crystal Chronicles JPN - Complete, 13 shipped.
Geist - Complete, 23 shipped.
MegaMan Anniversary Collection - Complete, 20 shipped.
Phantasy Star Online Episode I & II - Complete, 50 shipped.
Robotech: Battlecry - New/Sealed, offer.
Sonic Mega Collection - Complete, 10 shipped.
Spiderman 2 - Used, complete, 10 shipped.
Star Wars Rogue Squadron: Rebel Strike Preview Disc - Complete, 18 shipped.
TMNT Battle Nexus 2 - Complete, great shape - 18 shipped.
Tom Clancey's Splinter Cell - Complete, 10 shipped.
Viewtiful Joe 2 - Complete, 10 shipped.
Zoocube - New/Sealed, offer.
Super Nintendo
Captain America and the Avengers - 20 shipped.
Eye of the Beholder - 13 shipped.
Final Fantasy Mystic Quest - 18 shipped.
Final Fight - 14 shipped
Final Fight - 14 shipped
F-Zero - 14 shipped.
Inindo Way of the Ninja - 22 shipped.
JPN Aladdin - Whatever
JPN NBA Jam - Whatever
Kirby's Avalanche - 22 shipped.
Knights of the Round - 75 shipped.
Mario Paint (has mouse) - 16 shipped.
Maximum Carnage - Ex-rental, red cart, 13 shipped.
MegaMan X - 30 shipped
Mortal Kombat II - 13 shipped.
NFL Quarterback Club - 5 shipped.
Pac Man 2 Adventures of Pac Man - 6 shipped.
Pitfall - 7 shipped.
Populous - 5 shipped.
Star Wars Super Empire Strikes Back - 10 shipped
Super Empire Strikes Back - 10 shipped.
Super GameBoy - 18 shipped
Super Mario All Stars - 17 shipped.
Super Mario Kart - 30 shipped.
Super Mario World - 14 shipped
Super Mario World - 15 shipped.
Super Return of the Jedi - 12 shipped.
Super Star Wars - 10 shipped.
Taz Mania - 7 shipped.
Wing Commander - The Secret Missions - 9 shipped.
Genesis
Aladdin - 10 shipped.
Alisia Dragoon - 50 shipped.
Altered Beast - 7 shipped.
Bernstein Bear: Camping Adventure - 7 shipped.
Chester Cheetah: Too Cool to Fool - 8 shipped.
Desert Demolition (Road RunneCoyote) - 6 shipped.
Ecco the Dolphin - 6 shipped.
Gunstar Heroes - 50 shipped.
Hook - 5 shipped.
Jurassic Park: Rampage Edition - 6 shipped.
Lion King - 9 shipped.
Maximum Carnage - Red cart, 12 shipped.
Mig-29 Fighter Pilot - 7 shipped.
Mortal Kombat - 6 shipped.
Mortal Kombat II - Box/cart - 20 shipped.
Mystic Defender - 9 shipped.
NBA Jam - 7 shipped.
NFL 98 - 6 shipped.
Olympic Summer Games - 6 shipped.
Phantasy Star III - 32 shipped.
Power Rangers - 7 shipped.
Road Rash - 18 shipped.
Shadow Dancer The Secret of Shinobi - Tear on label, 8 shipped.
Shining in the Darkness - 18 shipped.
Sonic 2 - 6 shipped.
Sonic 3 - Box/cart - 14 shipped.
Sonic 3D Blast - 8 shipped.
Sonic the Hedgehog - 7 shipped.
Space Harrier II - 11 shipped.
Street Fighter II Special Championship Edition - 9 shipped.
Strider - 16 shipped.
Tecmo Super Bowl - 11 shipped.
Toy Story - 9 shipped.
Virtua Racing - 10 shipped.
WeaponLord - 11 shipped.
Williams Arcade's Greatest Hits - 8 shipped.
Winter Olympic Games - 7 shipped
World of Illusion Starring Donald Duck and Mickey - 10 shipped.
X-Men - 7 shipped.
X-Men -Box/cart - 10 shipped.
/////////
NES
Advanced D&D Heroes of the Lance - 13 shipped.
Battle Chess - 7 shipped.
Bomberman - 22 shipped.
Castlequest - 7 shipped.
Classic Concentration - 8 shipped.
Cobra Triangle - 7 shipped.
Code Name Viper - 9 shipped.
Crystalis - 15 shipped.
Defender II - 6 shipped.
Double Dragon - 13 shipped.
Double Dragon III - 13 shipped.
Excitebike - 12 shipped.
Exodus - 10 shipped.
Faxanadu - 13 shipped.
Final Fantasy - 20 shipped.
Galaga - 12 shipped.
Gauntlet II - 10 shipped.
Ghosts 'N Goblins - 12 shipped.
Gradius - 8 shipped.
Hydlide - 7 shipped.
Indiana Jones Temple of Doom (black cart) - 12 shipped
Iron Sword - 6 shipped.
Jeopardy! - 6 shipped.
Legacy of the Wizard - 10 shipped.
Lode Runner - 10 shipped.
Marble Madness - 6 shipped.
Mario 3 - 15 shipped.
Mario Bros / Duck Hunt - 7 shipped.
Mission Impossible - 7 shipped.
Monopoly - 7 shipped.
Monster Party - 9 shipped.
Mystery Quest - 8 shipped.
NES (cart only):
Rampage - 10 shipped.
Renegade - 8 shipped.
Robocop - 7 shipped.
Rolling Thunder - 8 shipped.
Rush 'n Attack - 7 shipped.
Section Z - 7 shipped.
Shadow of the Ninja - 15 shipped.
Shinobi - 10 shipped.
Strider - 8 shipped.
Super Pitfall - 10 shipped.
T&C Surf Design - 10 shipped.
Tecmo Bowl - 14 shipped.
Tecmo Super Bowl - 15 shipped.
Tecmo World Wrestling - 8 shipped.
Teenage Mutant Ninja Turtles - 10 shipped.
The Black Bass - 8 shipped.
The Goonies II - 7 shipped.
Time Lord - 7 shipped.
Yo Noid - 9 shipped.
Yoshi's Cookie - 8 shipped.
Nintendo 64
Army Men: Sarge's Heroes - 7 shipped.
Diddy Kong Racing - 12 shipped
Donkey Kong 64 - 20 shipped.
Duke Nukem 64 - 14 shipped
Duke Nukem Zero Hour - 8 shipped
Indiana Jones and the Infernal Machine - 20 shipped.
JPN Yoshi' Story - 15 shipped.
Lego Racers - 13 shipped
Lode Runner 3D - 10 shipped.
Mario 64 - 23 shipped
Pokemon Puzzle League - 10 shipped.
Pokemon Stadium - 16 shipped
Quest 64 - 10 shipped.
Rocket Robot on Wheels - 10 shipped.
Rogue Squadron - 8.50 shipped
Shadows of the Empire - 9 shipped
Snowboard Kids - 17 shipped
Turok Rage Wars Black Cart - 10 shipped
Wave Race - 6 shipped
360
Assassin's Creed - Used, complete, 10 shipped.
Devil May Cry 4 - Complete, 8 shipped.
DragonAge Origins + Awakening, Complete, 12 shipped.
Halo ODST + Forza 3 Combo - Complete, 12 shipped
Halo Ultimate Companion DVD - 10 shipped.
Last Remnant - Used, complete, 10 shipped.
Perfect Dark Zero - Complete, 9 shipped.
Rainw Six: Vegas - Complete, 8 shipped.
Original Xbox
Armed and Dangerous - Complete, 8 shipped.
Guilty Gear X2 Reload - Complete, 9 shipped.
Red Faction II - Complete, 8 shipped.
Star Wars Clone Wars / Tetris Worlds - New/Sealed - 25 shipped.
Thief Deadly Shadows - Complete, 10 shipped.
Toejam and Earl III - New/Sealed, offer.
Voodoo Vince - New/sealed, 25 shipped.
Dreamcast
Dino Crisis - New/sealed, 35 shipped
Draconus: Cult of the Wyrm - Complete, 15 shipped.
NBA 2K - Complete, 5 shipped.
NBA 2K1 - Complete, 6 shipped.
Rainbow Six - Complete, 9 shipped.
Seventh Cross Evolution - Complete, 15 shipped.
Spec Ops II: Omega Squad - Complete, 10 shipped.
Speed Devils: Online Racing - Complete, black label, 13 shipped.
Test Drive LE Mans - Complete, 10 shipped
Worms Armageddon - Complete, 15 shipped.
DS:
Dragon Quest V - Sealed/new Nintendo DS - 42 shipped.
Feel the Magic - Used/complete, 6 shipped.
Magical Starsign - New/sealed 15 shipped
Magnetica - New/sealed 12 shipped
Mario and Luigi: Bowser's Inside Story Nintendo DS - New/sealed 42 shipped.
Ping Pals - Complete, 6 shipped.
Guides
Advent Rising - Offer
Bard's Tale - 14 shipped, great shape.
City of Heroes - Great shape, 9 shipped.
Conker Live and Reloaded - Great shape, 12 shipped.
Devil Kings - Offer
Dragon Warrior Monsters 2 - Very good condition, 24 shipped.
Evil Genius - Great shape, 8 shipped.
Fullmetal Alchemist Broken Angel - 7 shipped.
Lineage II - Great shape, 8 shipped.
Mario Tennis 64 - 15 shipped, great shape.
MegaMan Battle Network Team Colonel - 16 shipped
MegaMan Zero 4 - Good condition, never used, but outside has some wear. 20 shipped
Metal Gear Acid - Great shape, very light wear. 11 shipped.
Phantom Brave - Free with other.
Tekken 3 "hardcore gamin' guides brand" - 10 shipped
Timesplitters: Future Perfect - Very good condition, light exterior wear along the side. 7.50 shipped
Ultimate Spiderman - New condition, 7.50 shipped.
Vampire the Masquerade Bloodlines Guide - Offers entertained.
Warcraft III Guide - Orc cover, 6.50 shipped.
Manuals:
Baldur's Gate PC - 10 shipped
Castlevania 64 - 8 shipped
Children of Mana DS - 4 shipped
Contra Hard Corps Genesis - 15 shipped.
Cosmic Carnage 32X - 4 shipped
Doom 32x - 4 shipped
Double Dragon III NES - 8 shipped
Final Fantasy X-2 Ps2 - 6 shipped
Halo 2 XBX - 4 shipped
Killer Instinct Gold - 8 shipped
KotOR XBX - 6.50 shipped
Lament of Innocence Ps2 - free with other.
Mario Kart 64 - 9 shipped.
Mario Paint SNES - 5 shipped
Mario Party 4 GCN - 8 shipped
MegaMan 6 - 20 shipped
NBA Jam 32X - Free with something else
Rygar Ps2 - 7 shipped
Secret of Evermore SNES - 8 shipped
Super Ghouls and Ghosts SNES - 9 shipped.
Super Mario 64 - 7 shipped.
The Tick Genesis - 7 shipped
Turtles in Time TMNT IV SNES - 22 shipped
Consoles:
(Hookups available on systems, package deals possible, or just controllers depending. Let me know what you are in need of. I have tons of things. 2 decade collection this is the iceberg tip.
submitted by GameLiquidator to BitMarket [link] [comments]

Burstcoin Is A Robust And Unique Cryptocurrency: Proof of Capacity (PoC) Ensures Decentralization, Energy Efficiency, And Low Barrier To Entry

http://www.cypherpunklabs.com/burstcoin-is-a-robust-and-unique-cryptocurrency-proof-of-capacity-poc-ensures-decentralization-energy-efficiency-and-low-barrier-to-entry/
Decentralization is perhaps the fundamental reason why Bitcoin has been successful. Since Bitcoin is decentralized, its network cannot be controlled by any government, corporation, or other centralized entity, and this is why Bitcoin still exists to this day rather than being shutdown a long time ago. Bitcoin achieves decentralization through its Proof of Work (PoW) algorithm, where miners around the world cryptographically hash transactions into blocks and receive block rewards for their efforts, and nodes constantly check to ensure that all confirmed transactions are following consensus rules.
The major caveat with PoW is it is energy intensive. This has especially become a problem due to the rapid rise in Bitcoin’s price long term, which has resulted in an arms race of sorts to amass the most hashing power in order to obtain the most mining profits. Indeed, the Bitcoin hash rate has risen orders of magnitude, from MH/s, to GH/s, to TH/s, to PH/s, and now up to its all-time high so far of 84 EH/s. This represents exponentially more computing resources and energy consumption.
This is a problem for two reasons. First off, there is a very high barrier to entry for new users to mine Bitcoin. It requires thousands of dollars of mining equipment to make any worthwhile profit from mining Bitcoin.
Secondly, Bitcoin mining consumes a massive amount of energy worldwide. It is estimated by Digiconomist that Bitcoin mining uses 73.12 TWh of energy annually, equivalent to the electricity consumption of the entire country of Austria, or 0.33% of total global electricity consumption. This releases nearly 35 Megatons of Carbon Dioxide annually, contributing to global warming, aside from other environmental damage caused by burning fossil fuels and manufacturing mining equipment. Digiconomist may be an overestimate of Bitcoin’s environmental impact, but it is somewhere in the ballpark.
Numerous alternative cryptocurrencies have tried to be environmentally friendly via using the Proof of Stake (PoS) algorithm, but this sacrifices decentralization, since all the voting rights end up concentrated into the hands of developers and major bag holders.
This is where Proof of Capacity (PoC), formerly called Proof of Space, comes in. Instead of using specialized Bitcoin mining equipment, PoC simply uses hard drive space to mine cryptocurrency. Burstcoin (BURST) is the #1 PoC cryptocurrency. Bitcoin HD (BHD) is another PoC cryptocurrency, but it has a highly centralized supply with 3.1 million out of 5 million total coins in the hands of the developers, so it is nonsensical to choose BHD considering that BURST has a highly decentralized supply. The problem with a centralized supply is it can cause a coin’s value to collapse long term due to developers dumping on the market.
In order to start mining BURST, a user simply allocates part of their hard drive, and this area of hard drive is plotted. Plotting is a 1-time hashing cycle where the hard drive is filled with cryptographic hashes via the Shabal cryptographic algorithm. The node also has to synchronize with the BURST blockchain before mining. Fortunately, the BURST blockchain is less than 9 GB, versus the Bitcoin blockchain which is nearly 240 GB.
Once plotting and synchronization is complete the user can begin mining. During each mining round the plot file is searched to find the correct cryptographic hash for the block, and when the correct hash is found the user receives a block reward. Essentially, the hashes in the plot file can be thought of as lottery tickets, and the bigger the size of the plot, meaning the more hard drive space dedicated to mining BURST, the more likely it is to find the correct hash.
Like with Bitcoin mining, users can join pools so that even if they have a small amount of hard drive space they can still earn BURST at a steady pace.
Since BURST’s PoC algorithm simply reads a hard drive versus the intense computational work of Bitcoin’s PoW, BURST mining uses a negligible amount of electricity. It is estimated that each BURST transaction consumes 0.0024 KWh of electricity, versus about 1,000 KWh used for each Bitcoin transaction.
Aside from being far more environmentally friendly, electricity costs are negligible for BURST miners, so BURST miners earn nearly 100% profit. This opens the door for users with any level of technology to profitably mine BURST, including personal computers and technically even cell phones. Compare this to Bitcoin where mining with even a powerful personal computer is impossible.
Ultimately, BURST’s energy efficiency makes the barrier to entry very low, a user simply needs to have hard drive space to mine BURST. This results in the BURST network being highly decentralized.
Notably, miners do not have to buy any special equipment to mine BURST, they just use spare hard drive space that was sitting unused, versus Bitcoin mining where specialized hardware that costs thousands of dollars is required. Bitcoin mining rigs often become obsolete with time, and also have no other use besides Bitcoin mining, whereas hard drive space used for BURST mining never becomes obsolete and can easily be freed up and used for storage by deleting the plot file.
In summary, BURST is one of the most unique and fundamentally robust cryptocurrencies due to its PoC algorithm, which ensures decentralization while simultaneously guaranteeing energy efficiency and a low barrier for miner entry.
submitted by turtlecane to burst [link] [comments]

Asicpower AP9-SHA256 Review


Asicpower AP9-SHA256 Review

Bitmain is regarded as one of the most influential companies in the ASIC mining industry. It is estimated that they have manufactured approximately 53% of all mining equipment.Without including their mining profits, that’s around $140 million dollars in sales. These figures are staggering, but Bitmain’s monopoly of the Bitcoin ASIC market may come to an end, following the release of PowerAsic’s asicpower AP9-SHA256.

About the asicpower AP9-SHA256

Designed with brand new technology and boasting 94 TH/s per miner, the AP(-SHA256 is the most powerful and efficient Bitcoin miner to date.PowerAsic claims they spent $12 million dollars on research, development, and prototypes.PowerAsic also noted that their miners take advantage of ASICBOOST, an exploit of Bitcoin’s algorithm which improves mining efficiency by 20%.An unusual approach separate Powerasic’s miner to the other manufactures is the implementation of copper heat-sink claimed to have a superior thermal conductivity 69% better than aluminium. Don’t take their words for it but confirm the facts are correct on widely well known and published science documents as this one.The first batch of miners were announced and made available for order in August of 2019, with start scheduled for shipment in September, 2019.
Powerasic claims that the machines are around 40 percent more productive than the most proficient ASIC on the market, Bitmain’s Antminer S17.According to PowerAsic, they started a mining project with the aim to bring much needed competition to the market…We want to ‘make SHA256 great again.Sitting at the hefty price of $2,795.00, the powerasic AP9-SHA256 is far from affordable for the average person. Fortunately, due to the newly born rivalry between Bitmain and Powerasic, the price will probably lower with time and competition.The power supply for this unit is included and integrated in the top-box also including the controler card as a one unit. You will also get standard power cable, network cable, manual and software in the packet. In comparison to the price of the Antminer S17 , the Powerasic AP9-Sha256 is a better value.

Power Supply

The integrated PSU 3300W has a inputVoltage 220V 50Hz 30A. There are 2 fan 40mm., 1 fan 60mm to keep it cool and the power cable 3 legs following CEE 7 standard.Professional mining hardware runs optimally at 220-240V, hence why mining farms step down their own electricity supply to 220-240V. Note that 220V current is only found outside of the US – American outlets are 110V by default. Unless you want to hire an electrician, this could cause some people trouble adapt to the eficient and recomended 220V power needed, still 110V will get the job done, but they are not ideal for optimum mining performance.

Power Consumption

Thanks to the powerasic AP9-HA256’s new 7nm generation of ASIC chips, the AP9-SHA256 has become the most electrically-efficient miner on the market.Consuming merely 30.J/TB, or 2860W from the wall, the 16T is 30% more electrically-efficient than the Antminer S17.

Profitability

Powerasic ’s new ASIC technology is impressive. When compared to its closest competitor, the Antminer S17, the powerasic AP9-HA256 is the clear winner. It hashes at 94 TH/s, as opposed to the S17’s 56 TH/s. Moreover, the the AP9-HA256 consumes 30J/GH, whereas the S17 consumes 39-45J/TB.The difference in power consumption is miniscule, but when it comes to large-scale mining, the the AP9-HA256’s edge will drastically increase the profitability of a mining operation. This ASIC is profitable not only for mining on a large scale, but for the individual miner as well.Take a look at the projected mining profitability of a single miner:Note that is appears profitable even with high electricity costs ($0.1 per KW/h). With $0.05 / KW/h it’s even more profitable:📷Each powerasic AP9-HA256 will generate about $6,009 per year (calculated with 1 BTC=$10,141.5). Mining profitability may vary. You can usethis free profitability calculator to determine your projected earnings.

Is powerasic AP9-HA256 a Scam?

There is been a lot of talk on Twitter that powerasic AP9-HA256 is a scam. It appears it is not, as many users are already claiming to have received their miners.Slush, the creator ot Slush Mining Pool and the TREZOR hardware wallet, claims on Twitter that he has seen units and knows people who have had their miners delivered:

Verdict: Is The Antminer S17 Outdated?

When the first batch of Bitmain’s Antminer S17 ASICs reached the eager hands of miners, they were all the rage. The S17 was renowned as the most efficient ASIC miner on the market. Many used the S17 as the industry’s golden standard.Up until the launch of the powerasic AP9-HA256, it was the golden standard.But, now?Things have changed.Not only is the powerasic AP9-HA256 more powerful than its predecessor from Bitmain, but also more efficient, and therefore, more profitable.Ever since the announcement of the new ASIC, there was widespread speculation of its legitimacy – and rightly so.The Bitcoin community has been plagued with small, phony companies manipulating images of preexisting antminers as a ploy to hype up their fake products. Nevertheless, powerasic AP9-HA256 is taking things seriously, and their first batch of miners have lived up to expectations.The fact of the matter is, Bitmain’s most powerful and efficient antminer has been dethroned by the new reigning king of ASICs: The powerasic AP9-HA256.

Conclusion

Bitmain has dominated the ASIC market since its inception in 2013.There are a few other companies producing ASICs. However, before the creation of PowerAsics AP9-SHA256., Bitmain was the only company with a proven track record that sold efficient miners directly to the public.Powerasic AP9-HA256 has the potential to bring Bitmain’s monopoly to an end. Powerasic AP9-HA256 has a bright future ahead of them. Now that Bitmain has noteworthy competition, it will be interesting to see how it affects the market. The powerasic AP9-HA256 is the best option (for now) for anyone getting started with mining. Powerasic’s innovation should force other ASIC producers to innovate and force other companies to release new miners with better efficiency. So whether you’re buying a miner now or soon, you’re likely to benefit from the development of this new miner. For more, Visit Us: https://asicpower.net/product.php
submitted by farwa786 to u/farwa786 [link] [comments]

Homelab collective ressources post!

Hey guys!
I'm fairly new to this sub and to having a home lab in general and I found this community to be so kind and helping, I wanted to give back what I've learned. I'm seeing a lot of questions asked around on improvements and on what to do with x extra hardware so I thought it would be nice to have a thread to regroup that.
 
I'll put here some stuff I gathered and the most common questions I've seen, feel free to contribute and i'll update the post along.
 
Latest Additions
 
Homelab Dashboard
Posts about dashboards have been growing lately and here are some of the best that were kind enough to provide us with their sources.
User Screenshot Source
yours truly http://imgur.com/a/GhCNH https://github.com/Gabisonfire/dashboard-q
lastditchefrt http://i.imgur.com/5zQdao4.png https://github.com/d4rk22/Network-Status-Page
_SleepingBag_ http://i.imgur.com/Ql9ZM4W.png https://github.com/jsank/homelabdash
NiknakSi https://niknak.org/extras/sysinfo TBA
DainBramaged http://imgur.com/jYNlUEQ https://github.com/gordonturneBigBoard
michaelh4u https://i.imgur.com/XkZwMKj.png https://github.com/michaelh4u/homelabfrontpage
spigotx http://imgur.com/a/1zMht https://github.com/spigotx/HomeLab2
SirMaster https://nicko88.com/ https://github.com/dashbad/plex-server-status
yourofl10 http://imgur.com/a/AyROa TBA
TheBobWiley http://imgur.com/a/oU6d3 https://github.com/TheBobWiley/ManageThis-LandingPages
0110010001100010 http://i.imgur.com/iwtQcsL.jpg https://github.com/danodemano/monitoring-scripts
mescon & SyNiK4L https://i.imgur.com/gqdVM6p.jpg https://github.com/mescon/Muximux
ak_rex http://i.imgur.com/a/RJkrT https://github.com/ak-rex/homelab-dashboard
 
Or build yours from scratch: PRTG API, ELK, Grafana, freeboard, JumpSquares
 
Some other resources: Custom Monitoring Scripts by 0110010001100010
 
Credits to apt64 for his original post
= Pi specific =
 
= Download Automation =
 
= Virtualization =
 
= Monitoring =
 
= Media Center =
 
= Remote access =
 
= VOIP =
 
= Networking =
 
= File Servers/Storage/RAID =
 
= Cameras =
 
= Documentation =
 
= Dynamic DNS =
 
= Backup =
 
= Creating network diagrams =
 
= Guides =
 
= Misc =
 
That's all I could come up with on top of my head + some research, passing over to you guys so we can get a nice complete list!
 
Let's try and stick with free(or mostly) softwares, let me know if you guys feel otherwise.
submitted by Gabisonfire to homelab [link] [comments]

New Bitcoin Cloud Mining Site 2020 I 100 Gh/s Signup Bonus New Free Bitcoin Cloud Mining Site 2020 I Signup Bonus 2750 Gh/s IndigoCoin  New Free Bitcoin Cloud Mining Site 2020  Signup Bonus 500 GH/s Live Proof bitcoin wiki - YouTube

ASIC vs CPU mining []. An ASIC Bitcoin miner is designed exclusively for the purpose of mining bitcoin. Though significantly more expensive to purchase, they are far more powerful (higher hash rate) and electricity-efficient than CPUs and GPUs (graphics cards) – used for mining in the early days of bitcoin – and even FPGAs (field programmable gate arrays), which were, in 2011, the most ... From Bitcoin Wiki. Jump to: navigation, search. This is a graph of secp256k1's elliptic curve y 2 = x 3 + 7 over the real numbers. Note that because secp256k1 is actually defined over the field Z p, its graph will in reality look like random scattered points, not anything like this. secp256k1 refers to the parameters of the elliptic curve used in Bitcoin's public-key cryptography, and is ... From Bitcoin Wiki. Jump to: navigation, search. Welcome to the Bitcoin Wiki, for all your Bitcoin information needs. 1,270 pages. Established April 14, 2010. This wiki is maintained by the Bitcoin community. Bitcoin.org: Forums: Chatrooms: Bitcoin; Bitcoin is a decentralized digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to ... History of Bitcoin cryptocurrency.Bitcoin is a decentralized cryptocurrency created in 2008 by the pseudonymous Satoshi Nakamoto.This account resumes the whole history of Bitcoin since 2008 to 2017 and 2018.. On 18 August 2008, the domain name bitcoin.org was registered.. Later that year on October 31st, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic ... Bitcoin (inoffizielle Abkürzung BTC) ist ein Open-Source-Softwareprojekt für die gleichnamige digitale Währung auf Peer-to-Peer (P2P) Basis, das 2009 von Satoshi Nakamoto ins Leben gerufen wurde. Über sogenannte Bitcoin-Adressen kann Geld anonym von einer Wallet-Datei (engl. Geldbörse) bzw. einem speziellen Service über das Netzwerk an andere Adressen überwiesen werden. Im Gegensatz zu ...

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New Bitcoin Cloud Mining Site 2020 I 100 Gh/s Signup Bonus

bitcoin wiki http://vantekk.com/bitcoins/ Bitcoin is a revolutionary solution and a great option for fiat currencies which have dominated the world for quite... Was für ein Wahnsinn: Kryptowährungen bringen Renditen, von den sich vor ein paar Jahren träumen ließ. Kann die Bitcoin-Rally immer weiter gehen? Fondsmanage... Excel-Mining.io I Free Bitcoin Cloud Mining Site 2020 I Signup Bonus 50 GH/s Payment Proof Turn on notifications and never miss a video! Start Mining Today! Bitcoin cloud mining at unbeatable ... 💶💶💶Von Finanztip empfohlene Anbieter für Wertpapierdepots (Stand 19.05.2020): Online-Broker: Smartbroker* https://www.finanztip.de/link/smartbroker-depot-y... IndigoCoin New Free Bitcoin Cloud Mining Site 2020 Signup Bonus 500 GH/s Live Proof IndigoCoin - cloud mining service, founded at the end of 2014. As demand for cryptocurrency mining grows ...

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