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How To End The Cryptocurrency Exchange "Wild West" Without Crippling Innovation


In case you haven't noticed the consultation paper, staff notice, and report on Quadriga, regulators are now clamping down on Canadian cryptocurrency exchanges. The OSC and other regulatory bodies are still interested in industry feedback. They have not put forward any official regulation yet. Below are some ideas/insights and a proposed framework.



Many of you have limited time to read the full proposal, so here are the highlights:

Offline Multi-Signature

Effective standards to prevent both internal and external theft. Exchange operators are trained and certified, and have a legal responsibility to users.

Regular Transparent Audits

Provides visibility to Canadians that their funds are fully backed on the exchange, while protecting privacy and sensitive platform information.

Insurance Requirements

Establishment of basic insurance standards/strategy, to expand over time. Removing risk to exchange users of any hot wallet theft.


Background and Justifications


Cold Storage Custody/Management
After reviewing close to 100 cases, all thefts tend to break down into more or less the same set of problems:
• Funds stored online or in a smart contract,
• Access controlled by one person or one system,
• 51% attacks (rare),
• Funds sent to the wrong address (also rare), or
• Some combination of the above.
For the first two cases, practical solutions exist and are widely implemented on exchanges already. Offline multi-signature solutions are already industry standard. No cases studied found an external theft or exit scam involving an offline multi-signature wallet implementation. Security can be further improved through minimum numbers of signatories, background checks, providing autonomy and legal protections to each signatory, establishing best practices, and a training/certification program.
The last two transaction risks occur more rarely, and have never resulted in a loss affecting the actual users of the exchange. In all cases to date where operators made the mistake, they've been fully covered by the exchange platforms.
• 51% attacks generally only occur on blockchains with less security. The most prominent cases have been Bitcoin Gold and Ethereum Classic. The simple solution is to enforce deposit limits and block delays such that a 51% attack is not cost-effective.
• The risk of transactions to incorrect addresses can be eliminated by a simple test transaction policy on large transactions. By sending a small amount of funds prior to any large withdrawals/transfers as a standard practice, the accuracy of the wallet address can be validated.
The proposal covers all loss cases and goes beyond, while avoiding significant additional costs, risks, and limitations which may be associated with other frameworks like SOC II.

On The Subject of Third Party Custodians
Many Canadian platforms are currently experimenting with third party custody. From the standpoint of the exchange operator, they can liberate themselves from some responsibility of custody, passing that off to someone else. For regulators, it puts crypto in similar categorization to oil, gold, and other commodities, with some common standards. Platform users would likely feel greater confidence if the custodian was a brand they recognized. If the custodian was knowledgeable and had a decent team that employed multi-sig, they could keep assets safe from internal theft. With the right protections in place, this could be a great solution for many exchanges, particularly those that lack the relevant experience or human resources for their own custody systems.
However, this system is vulnerable to anyone able to impersonate the exchange operators. You may have a situation where different employees who don't know each other that well are interacting between different companies (both the custodian and all their customers which presumably isn't just one exchange). A case study of what can go wrong in this type of environment might be Bitpay, where the CEO was tricked out of 5000 bitcoins over 3 separate payments by a series of emails sent legitimately from a breached computer of another company CEO. It's also still vulnerable to the platform being compromised, as in the really large $70M Bitfinex hack, where the third party Bitgo held one key in a multi-sig wallet. The hacker simply authorized the withdrawal using the same credentials as Bitfinex (requesting Bitgo to sign multiple withdrawal transactions). This succeeded even with the use of multi-sig and two heavily security-focused companies, due to the lack of human oversight (basically, hot wallet). Of course, you can learn from these cases and improve the security, but so can hackers improve their deception and at the end of the day, both of these would have been stopped by the much simpler solution of a qualified team who knew each other and employed multi-sig with properly protected keys. It's pretty hard to beat a human being who knows the business and the typical customer behaviour (or even knows their customers personally) at spotting fraud, and the proposed multi-sig means any hacker has to get through the scrutiny of 3 (or more) separate people, all of whom would have proper training including historical case studies.
There are strong arguments both for and against using use of third party custodians. The proposal sets mandatory minimum custody standards would apply regardless if the cold wallet signatories are exchange operators, independent custodians, or a mix of both.

On The Subject Of Insurance
ShakePay has taken the first steps into this new realm (congratulations). There is no question that crypto users could be better protected by the right insurance policies, and it certainly feels better to transact with insured platforms. The steps required to obtain insurance generally place attention in valuable security areas, and in this case included a review from CipherTrace. One of the key solutions in traditional finance comes from insurance from entities such as the CDIC.
However, historically, there wasn't found any actual insurance payout to any cryptocurrency exchange, and there are notable cases where insurance has not paid. With Bitpay, for example, the insurance agent refused because the issue happened to the third party CEO's computer instead of anything to do with Bitpay itself. With the Youbit exchange in South Korea, their insurance claim was denied, and the exchange ultimately ended up instead going bankrupt with all user's funds lost. To quote Matt Johnson in the original Lloyd's article: “You can create an insurance policy that protects no one – you know there are so many caveats to the policy that it’s not super protective.”
ShakePay's insurance was only reported to cover their cold storage, and “physical theft of the media where the private keys are held”. Physical theft has never, in the history of cryptocurrency exchange cases reviewed, been reported as the cause of loss. From the limited information of the article, ShakePay made it clear their funds are in the hands of a single US custodian, and at least part of their security strategy is to "decline[] to confirm the custodian’s name on the record". While this prevents scrutiny of the custodian, it's pretty silly to speculate that a reasonably competent hacking group couldn't determine who the custodian is. A far more common infiltration strategy historically would be social engineering, which has succeeded repeatedly. A hacker could trick their way into ShakePay's systems and request a fraudulent withdrawal, impersonate ShakePay and request the custodian to move funds, or socially engineer their way into the custodian to initiate the withdrawal of multiple accounts (a payout much larger than ShakePay) exploiting the standard procedures (for example, fraudulently initiating or override the wallet addresses of a real transfer). In each case, nothing was physically stolen and the loss is therefore not covered by insurance.
In order for any insurance to be effective, clear policies have to be established about what needs to be covered. Anything short of that gives Canadians false confidence that they are protected when they aren't in any meaningful way. At this time, the third party insurance market does not appear to provide adequate options or coverage, and effort is necessary to standardize custody standards, which is a likely first step in ultimately setting up an insurance framework.
A better solution compared to third party insurance providers might be for Canadian exchange operators to create their own collective insurance fund, or a specific federal organization similar to the CDIC. Such an organization would have a greater interest or obligation in paying out actual cases, and that would be it's purpose rather than maximizing it's own profit. This would be similar to the SAFU which Binance has launched, except it would cover multiple exchanges. There is little question whether the SAFU would pay out given a breach of Binance, and a similar argument could be made for a insurance fund managed by a collective of exchange operators or a government organization. While a third party insurance provider has the strong market incentive to provide the absolute minimum coverage and no market incentive to payout, an entity managed by exchange operators would have incentive to protect the reputation of exchange operators/the industry, and the government should have the interest of protecting Canadians.

On The Subject of Fractional Reserve
There is a long history of fractional reserve failures, from the first banks in ancient times, through the great depression (where hundreds of fractional reserve banks failed), right through to the 2008 banking collapse referenced in the first bitcoin block. The fractional reserve system allows banks to multiply the money supply far beyond the actual cash (or other assets) in existence, backed only by a system of debt obligations of others. Safely supporting a fractional reserve system is a topic of far greater complexity than can be addressed by a simple policy, and when it comes to cryptocurrency, there is presently no entity reasonably able to bail anyone out in the event of failure. Therefore, this framework is addressed around entities that aim to maintain 100% backing of funds.
There may be some firms that desire but have failed to maintain 100% backing. In this case, there are multiple solutions, including outside investment, merging with other exchanges, or enforcing a gradual restoration plan. All of these solutions are typically far better than shutting down the exchange, and there are multiple cases where they've been used successfully in the past.

Proof of Reserves/Transparency/Accountability
Canadians need to have visibility into the backing on an ongoing basis.
The best solution for crypto-assets is a Proof of Reserve. Such ideas go back all the way to 2013, before even Mt. Gox. However, no Canadian exchange has yet implemented such a system, and only a few international exchanges (CoinFloor in the UK being an example) have. Many firms like Kraken, BitBuy, and now ShakePay use the Proof of Reserve term to refer to lesser proofs which do not actually cryptographically prove the full backing of all user assets on the blockchain. In order for a Proof of Reserve to be effective, it must actually be a complete proof, and it needs to be understood by the public that is expected to use it. Many firms have expressed reservations about the level of transparency required in a complete Proof of Reserve (for example Kraken here). While a complete Proof of Reserves should be encouraged, and there are some solutions in the works (ie TxQuick), this is unlikely to be suitable universally for all exchange operators and users.
Given the limitations, and that firms also manage fiat assets, a more traditional audit process makes more sense. Some Canadian exchanges (CoinSquare, CoinBerry) have already subjected themselves to annual audits. However, these results are not presently shared publicly, and there is no guarantee over the process including all user assets or the integrity and independence of the auditor. The auditor has been typically not known, and in some cases, the identity of the auditor is protected by a NDA. Only in one case (BitBuy) was an actual report generated and publicly shared. There has been no attempt made to validate that user accounts provided during these audits have been complete or accurate. A fraudulent fractional exchange, or one which had suffered a breach they were unwilling to publicly accept (see CoinBene), could easily maintain a second set of books for auditors or simply exclude key accounts to pass an individual audit.
The proposed solution would see a reporting standard which includes at a minimum - percentage of backing for each asset relative to account balances and the nature of how those assets are stored, with ownership proven by the auditor. The auditor would also publicly provide a "hash list", which they independently generate from the accounts provided by the exchange. Every exchange user can then check their information against this public "hash list". A hash is a one-way form of encryption, which fully protects the private information, yet allows anyone who knows that information already to validate that it was included. Less experienced users can take advantage of public tools to calculate the hash from their information (provided by the exchange), and thus have certainty that the auditor received their full balance information. Easy instructions can be provided.
Auditors should be impartial, their identities and process public, and they should be rotated so that the same auditor is never used twice in a row. Balancing the cost of auditing against the needs for regular updates, a 6 month cycle likely makes the most sense.

Hot Wallet Management
The best solution for hot wallets is not to use them. CoinBerry reportedly uses multi-sig on all withdrawals, and Bitmex is an international example known for their structure devoid of hot wallets.
However, many platforms and customers desire fast withdrawal processes, and human validation has a cost of time and delay in this process.
A model of self-insurance or separate funds for hot wallets may be used in these cases. Under this model, a platform still has 100% of their client balance in cold storage and holds additional funds in hot wallets for quick withdrawal. Thus, the risk of those hot wallets is 100% on exchange operators and not affecting the exchange users. Since most platforms typically only have 1%-5% in hot wallets at any given time, it shouldn't be unreasonable to build/maintain these additional reserves over time using exchange fees or additional investment. Larger withdrawals would still be handled at regular intervals from the cold storage.
Hot wallet risks have historically posed a large risk and there is no established standard to guarantee secure hot wallets. When the government of South Korea dispatched security inspections to multiple exchanges, the results were still that 3 of them got hacked after the inspections. If standards develop such that an organization in the market is willing to insure the hot wallets, this could provide an acceptable alternative. Another option may be for multiple exchange operators to pool funds aside for a hot wallet insurance fund. Comprehensive coverage standards must be established and maintained for all hot wallet balances to make sure Canadians are adequately protected.

Current Draft Proposal

(1) Proper multi-signature cold wallet storage.
(a) Each private key is the personal and legal responsibility of one person - the “signatory”. Signatories have special rights and responsibilities to protect user assets. Signatories are trained and certified through a course covering (1) past hacking and fraud cases, (2) proper and secure key generation, and (3) proper safekeeping of private keys. All private keys must be generated and stored 100% offline by the signatory. If even one private keys is ever breached or suspected to be breached, the wallet must be regenerated and all funds relocated to a new wallet.
(b) All signatories must be separate background-checked individuals free of past criminal conviction. Canadians should have a right to know who holds their funds. All signing of transactions must take place with all signatories on Canadian soil or on the soil of a country with a solid legal system which agrees to uphold and support these rules (from an established white-list of countries which expands over time).
(c) 3-5 independent signatures are required for any withdrawal. There must be 1-3 spare signatories, and a maximum of 7 total signatories. The following are all valid combinations: 3of4, 3of5, 3of6, 4of5, 4of6, 4of7, 5of6, or 5of7.
(d) A security audit should be conducted to validate the cold wallet is set up correctly and provide any additional pertinent information. The primary purpose is to ensure that all signatories are acting independently and using best practices for private key storage. A report summarizing all steps taken and who did the audit will be made public. Canadians must be able to validate the right measures are in place to protect their funds.
(e) There is a simple approval process if signatories wish to visit any country outside Canada, with a potential whitelist of exempt countries. At most 2 signatories can be outside of aligned jurisdiction at any given time. All exchanges would be required to keep a compliant cold wallet for Canadian funds and have a Canadian office if they wish to serve Canadian customers.
(2) Regular and transparent solvency audits.
(a) An audit must be conducted at founding, after 3 months of operation, and at least once every 6 months to compare customer balances against all stored cryptocurrency and fiat balances. The auditor must be known, independent, and never the same twice in a row.
(b) An audit report will be published featuring the steps conducted in a readable format. This should be made available to all Canadians on the exchange website and on a government website. The report must include what percentage of each customer asset is backed on the exchange, and how those funds are stored.
(c) The auditor will independently produce a hash of each customer's identifying information and balance as they perform the audit. This will be made publicly available on the exchange and government website, along with simplified instructions that each customer can use to verify that their balance was included in the audit process.
(d) The audit needs to include a proof of ownership for any cryptocurrency wallets included. A satoshi test (spending a small amount) or partially signed transaction both qualify.
(e) Any platform without 100% reserves should be assessed on a regular basis by a government or industry watchdog. This entity should work to prevent any further drop, support any private investor to come in, or facilitate a merger so that 100% backing can be obtained as soon as possible.
(3) Protections for hot wallets and transactions.
(a) A standardized list of approved coins and procedures will be established to constitute valid cold storage wallets. Where a multi-sig process is not natively available, efforts will be undertaken to establish a suitable and stable smart contract standard. This list will be expanded and improved over time. Coins and procedures not on the list are considered hot wallets.
(b) Hot wallets can be backed by additional funds in cold storage or an acceptable third-party insurance provider with a comprehensive coverage policy.
(c) Exchanges are required to cover the full balance of all user funds as denominated in the same currency, or double the balance as denominated in bitcoin or CAD using an established trading rate. If the balance is ever insufficient due to market movements, the firm must rectify this within 24 hours by moving assets to cold storage or increasing insurance coverage.
(d) Any large transactions (above a set threshold) from cold storage to any new wallet addresses (not previously transacted with) must be tested with a smaller transaction first. Deposits of cryptocurrency must be limited to prevent economic 51% attacks. Any issues are to be covered by the exchange.
(e) Exchange platforms must provide suitable authentication for users, including making available approved forms of two-factor authentication. SMS-based authentication is not to be supported. Withdrawals must be blocked for 48 hours in the event of any account password change. Disputes on the negligence of exchanges should be governed by case law.

Steps Forward

Continued review of existing OSC feedback is still underway. More feedback and opinions on the framework and ideas as presented here are extremely valuable. The above is a draft and not finalized.
The process of further developing and bringing a suitable framework to protect Canadians will require the support of exchange operators, legal experts, and many others in the community. The costs of not doing such are tremendous. A large and convoluted framework, one based on flawed ideas or implementation, or one which fails to properly safeguard Canadians is not just extremely expensive and risky for all Canadians, severely limiting to the credibility and reputation of the industry, but an existential risk to many exchanges.
The responsibility falls to all of us to provide our insight and make our opinions heard on this critical matter. Please take the time to give your thoughts.
submitted by azoundria2 to QuadrigaInitiative [link] [comments]

Cost basis/income tax calculations for BAT earned from ads

So, seeing posts like this one around here is making me concerned. If I simply have Brave Rewards enabled in my browser, and nothing more - I'm not registered as a creatopublisher, I'm not verified with Uphold, I haven't in any way cashed out my tokens - what in the heck do and don't I have to report on my 1040 to avoid getting stuck in a perjury trap?
Every website and Reddit commentor seems to have a different answer on this. Some of the answers are more clearly in line with IRS guidance than others but in many cases there is no clear sense to be had of which is "more reasonable" than the others. Yet since I've had Brave Rewards enabled since mid-2019, it behooves me to "get this right" when I fill out my 2019 tax return, lest the IRS come down on me for being inconsistent with my answers should I have better answers to these questions in future years.
The IRS is clear on one thing: cryptocurrency, in general, is valuable property and treated much like gold or other non-dollar capital assets (whether or not they're intended or used primarily as "money"). If your employer pays you in bitcoin (or gold, or a car, or a cow, etc.), you owe taxes on that income the day you receive it, whether or not you "cashed it out" by selling it for dollars. The IRS expects you to compute a "cost basis" for the property you received by determining its current "fair market value" in dollars, and that's what you report on your tax return. If and when you sell that property for dollars at any later date, that's a separate transaction, which may or may not incur a capital gain or loss (difference in value you received from the sale vs. what it was worth when you originally got the property), and that is reported in its own line on the 1040 (separate from ordinary income, depending on whether you held the property more or less than 1 year before selling it).
So far, so good - that's all straightforward enough and well-precedented since it's the same thing people are used to doing for other capital goods such as stocks/bonds, precious metals, or real estate. It's even straightforward for people who simply trade crypto as an investment, like Bitcoin or whatever. In that case it's no different (tax-wise) from trading gold, and if you do it through a broker like Coinbase, Uphold, etc. you'll probably get a nice statement at the end of the year that breaks it all down and you can import into TurboTax or whatever.
That's still well and good for those who (like many here) are trading BAT as an investment, like any other crypto.
But Brave Rewards's BAT microtransactions are a whole 'nother level of craziness. If we're just using BAT within the Brave ecosystem - receiving it from ads and tipping/auto-contributing it back to publishers - does it ever enter the world of "capital assets" from my perspective as a user? If so, how the heck do I compute my cost basis? How on earth do I know how my BAT balance breaks down in terms of amounts received on particular days, which I absolutely need to know if I'm going to look up BAT/USD exchange rates online to compute cost basis information? Brave currently doesn't provide any sort of "wallet statement" showing transactions in or out of the browser on a date-stamped basis. I know that's planned for "the future", but that doesn't exactly help me for doing my 2019 taxes.
I realize that Brave cannot give "tax advise" per se, ad nauseum. But surely Brave has done some thinking about the tax implications of BAT/Brave Rewards for ordinary users, versus just saying "have fun explaining this to the IRS" - right? We know that Brave can and does make legal statements about what they believe, as a company based on the advice of their corporate counsel, the legal status of BAT is (see e.g. this answer in the official FAQ).
That, of course, doesn't guarantee that the government will see it that way (or that a judge will), but it's at least helpful to know "some professional lawyers spent a lot of time studying this and think the law says X", because that's a heck of a lot more than us randos on the Internet can guess at. At least if we have some consistent guidance, we can know what our story should be to the IRS and keep it straight, because otherwise we're at the mercy of whatever some auditor or administrative law judge might feel like. Maybe they won't go after most small-fry Brave users today, but you can bet they'll demand answers going back years into the past if one of those users were to become rich, or politically active, or otherwise interesting to the IRS at some point in the future. Taxes, after all, are the one area of the law where citizens are for practical purposes considered guilty (or at least, "liable to pay whatever the IRS demands") until proven innocent. (Sad, but too true.)
My case is the simplest possible one for a Brave Rewards user: I'm a resident U.S. citizen who's never "cashed out" my BAT, I'm not a "publisher" or "creator", I haven't received tips, and I'm not verified with Uphold (couldn't if I wanted to, since they're not licensed in my state). I've only ever made four small tips totaling 40.0 BAT with the initial grant I got from the User Growth Pool when installing Brave (because it was going to expire); I've been hanging onto my non-UGP earnings in the hopes that some of my favorite websites/creators will eventually become verified and I can start spreading the wealth around in a more meaningful way than just dumping it on the 1 or 2 sites I visit that are yet verified.
My questions are thus:
1) Is the BAT I receive from Brave Rewards considered to be a capital asset if I'm not holding it as an investment but just leaving it in the browser to be used as intended there (as a way of funneling ad proceeds from advertisers to publishers)? Does it matter if it stays in the browser and never gets withdrawn to an Uphold account? (e.g. does it then just qualify as "internal functionality of the web browser" and not a meaningful valuable thing I can put a dollar amount on, like a McDonalds Monopoly token with a "cash value" of $0.0001?)
2) If my BAT is considered a capital asset, how do I compute my cost basis for income (and future capital gains/losses) purposes? Is every single microtransaction an "income" transaction with its own separate cost basis that I have to track day-by-day? Or is income only realized when Brave deposits my earnings to my browser on the 5th of the month? Or does it only count if/when I connect an Uphold account and "cash out"?
3) Do I have to answer "Yes" to the new 1040 question asking "did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency"? (I haven't touched any cryptocurrency in my life besides what I've gotten from Brave Rewards.) Is BAT a "virtual currency" when used strictly within the context of Brave Rewards, or is it something more along the lines of spendable XP points in a video game which have no value (for me, at least) outside that system?
4) If I have to do detailed cost basis reporting, is there any way I can get my Brave browser to cough up some sort of datestamped transaction history for my Rewards? I realize there's no official UI yet, but is there an internal database or something I can dump? (I'm a professional software developer so I'm willing to "get my hands dirty". Heck, I'd be willing to fire up a debugger on a core dump of the browser if that'll help...better that than being liable for tax fraud...)
5) If all else fails, can I escape this blooming mess by just turning off Brave Rewards, forgetting my wallet key (which I've never backed up), bit bucketing the BAT I've so patiently earned over the last year, and never looking back? Is it too late to do so since I've already received the BAT in tax year 2019 (regardless of what I might do with it in 2020, including thus throwing it away)? I realize that in practice I could probably do so and get away with it, but I want to be right with the law here. After all, even if I report nothing on my 2019 tax return regarding crypto, the IRS could always find my posts here on Reddit and say "see, we have proof that you used Brave Rewards in 2019"... Even if I'm a "small fry" at this point in my life that the IRS won't care to go after, I don't want to have a sword of Damocles hanging over my head for them to trigger if and when they feel like it later in life.
Help me my dudes, you're my only hope! ;-) (And I suspect many, many others are quietly freaking out about this too...)
submitted by gemmy0I to BATProject [link] [comments]

The History, The Current State And The Future Of NavCoin

The History, The Current State And The Future Of NavCoin

This is it. If you're interested to see what NAV is all about, this is the ultimate guide for you. You will learn about the history of NavCoin and how it evolved. You will learn about the current state and features of NavCoin and you will learn about the exciting new features that are planned and coming up in the (near) future.
So buckle up, this is going to be a long ride!

Table Of Content


Introduction - What is NavCoin?


The History

Introduction
The following chapter will summarize and break down the history of NavCoin in a few sentences. NAV started a long time ago, went through rebrandings and changes of the core team before it became what it is today.

SummerCoin
NavCoin was initially first introduced under the name SummerCoin on April 23 in 2014. SummerCoin was a fork of the Bitcoin blockchain. It used to have a PoW/PoS hybrid algorithm with a block time of 45 seconds.

SummerCoinV2 /NavajoCoin
Soon after the initial launch of SummerCoin, the original developer left and SoopY (soopy452000 on bitcointalk) took over as the main developer and rebranded the project to SummerCoinV2 respectively NavajoCoin and introduced new features.
The name NavajoCoin was chosen in honor of the Navajo Code Talker. The unbreakable Navajo code was used to encrypt highly classified military information and commands and decrypt the same in WW II.
SoopY introduced a technology which allowed sending transactions anonymously and private. This technology was called "Navajo Anonymous Technology". SoopY also released a new wallet and set the Proof of Stake rewards at 10% for the first year, 5% for the second year and 2% for every year after.

NavCoin
On August 12, 2014, Craig (current lead core developer, pakage on bitcointalk) started to get involved with NAV by helping to set up a website [10].
It was officially announced that Craig joined the core team as a "Wallet & Web Developer" on November 06, 2014.
The last tokenswap and restart of the blockchain of NAV happened on May 12, 2016.
Soon later, SoopY stopped showing up and Craig stepped into the role of the lead core developer. Since then, Craig has assembled a strong team with which he built NavCoin into what it is today.
Currently, Craig and the NavCoin Core team is located in New Zealand and they are actively developing many ground-braking features which differentiate NAV from other cryptocurrencies. You will read more about that later in this article.

The Current State

Introduction
The year 2018 has been a thriving year for the NavCoin ecosystem. Despite the USD price of NAV not reflecting it, in 2018 the core team has developed a whole bunch of new features. Also the core content creators published the first official guidelines that function as an orientation guide for community content creators. This chapter will give you an overview of the current team, the features, the prior mentioned guidelines and the community of NavCoin.

Core Team [1]
Last year, the core team has grown alot. It contains of developers, content creators and interns. The core team are employees of Encrypt S, the New Zealand's leading blockchain R&D lab. Encrypt S is developing blockchain solutions since 2014 and values building open-source software highly.

Craig MacGregor - Chief Executive Officer
Craig is the CEO of Encrypt S and the founder of NavCoin. He is one of the world's most experienced blockchain developers. Craig founded NavCoin in 2014 and is developing software for it since then. He has assembled a strong team of like-minded people. Craig also speaks at seminars and conferenced. Some of the companies and conferences he did blockchain education sessions at are Oracle, Xero, Air New Zealand, Blok Tex and trademe. Together with the team, he is also doing a education series on YouTube where he explains upcoming features in-depth for the community.

Alex Vazquez - Chief Technical Officer
Alex is the CTO of Encrypt S and the most active contributor to the NavCoin core Github. He has incredible knowledge of blockchains and proposes and implements solutions for challenges and features. He supports community developers frequently and answers any questions of the community thoroughly. Like Craig, Alex is developing software for the NavCoin ecosystem for a very long time. Alex speaks at universities at times and educates students about the blockchain technology.

Paul Sanderson - Lead Software Engineer
Paul is the Lead Software Engineer at Encrypt S. He has a flair for technology. His technical and management skills are perfectly suited for consultancy and investment advising. He also frequently contributes to the NavCoin core source code.

Rowan Savage - Senior Software Engineer
Rowan is a full stack software engineer with more than a decade experience in developing complex front-end web applications. He joined Encrypt S in February 2018 and has since been involved in the Valence Plattform, the Kauri Wallet and NavCoin Core. You will read more about these feature/projects later.

Carter Xiao - Lead UX/UI Designer
Carter specializes in user-centric design and is also very talented with 3D animation, motion graphics and programming. One of NavCoins core principle is "Simplifying Crypto" and UX/UI is a very important part of that.

Matt Paul - Software Engineer
Like Rowan, Matt is a full stack Software Engineer. He joined the core team in Mai 2017 and has since worked on NavPay, NavPi, the Kauri Wallet and NavCoin Core. Kieren Hyland - Chief Strategy Officer Kieren is one of the employees that are working for Encrypt S for a very long time. He is the CSO and is a digital strategist and growth hacker with a passion for new technology and has a lot of experience in online marketing. Laura Harris - Creative Director Laura has a combination of commercial and creative flair. She manages the social media accounts for NavCoin and ensures, that NavCoins' message is always powerful, relevant and distinctive. John Darby - Content Creator John is an internationally awarded Technology and Financial sector marketing communications specialist. He is one of the Core Content Creators for NavCoin.

Features of NavCoin [2]
The following features are currently available and have been developed in the last months and years. It is sorted from newest to oldest.

Static Block Reward
The soft-fork for the enabling of static block rewards have been accepted and became active recently at 5th January 2019. This means, that the block reward was changed from a percentage based reward to a static reward. This will incentivize the stakers to have their node online 24/7 which increased the security of the network. It also aligns NavCoin with the PoSv3 specification. With this implementation, the yearly inflation will be 3.6% currently and will exponentionally decrease because of the static value of the rewards. Every staked block will now give the staker 2 NAV. Depending on how many people are staking, the yearly percentage varies. With the network weight currently being around 20'000'000 NAV, stakers earn around 10% rewards from staking 24/7.

Cold staking
To provide extra security to participants in the staking process in the NavCoin network, the core team decided to implement cold staking. This allows to store NAV offline and still be able to sign staking inputs. Looking forward, a possible integration into the Ledger Nano S would mean, that one can stake NAV securely from a offline hardware wallet. How cool is that?

OpenAlias
One of the core principle of NAV is to simplify cryptocurrencies. Many non-technical people are deterred from the long, cryptic addresses used in wallets. When sending funds, you have to make sure that every single letter and digit is correct which is nerve-wracking for the average person. NavCoin has implemented OpenAlias, which allows to transform the wallet address into a email-like form. Everyone can register a name like "[[email protected]](mailto:[email protected])". Funds can then be sent to this name, which makes sending crypto much easier and less error-prone.

Community Fund
This is the one big feature I was most excited about. NavCoin core has implemented the first fully decentralized community fund. Acceptance of proposals and release of funds is all approved by the decentralized network. No central authority has access to the fund. The community fund enables everyone to propose their ideas to the NavCoin community and to get paid to implement these ideas. Everyone can propose whatever they like (of course there is a higher rate of success if the proposal contributes to the NavCoin ecosystem ;-)). In fact, this article was sponsored by the NAV-Community by voting "yes" for my proposal. The fund works like this:
For a fee of 50 NAV, everyone can create and present his idea/proposal to the entire NavCoin network. The fee is here to help prevent spam attacks. Proposals can literally be anything - be it development, marketing or anything else you can some up with.
After creating the proposal, everyone contributing to the NavCoin network can then decide if they like the proposal of not. They vote with "Yes" or "No" for the acceptance of the proposal. Voting happens via staking. Every transaction that gets validated by you gives you one vote. This means that the more NAV you are staking, the higher your voting weight is.
The proposal stays in the state "Pending" until it is accepted or rejected. To be accepted, a proposal has to have a participation of at least 50% of all staked blocks and at least 75% of these votes have to be "Yes"-votes. Like-wise to be rejected a proposal need 50% participation of the network and 75% of these votes have to be "No"-votes. Additionally, if a proposal didn't pass after 6 voting cycles (about 6 weeks) it is also rejected.
After a proposal has been accepted, the creator of the proposal can start his work. When the work is finished, or at in the proposal defined checkpoints, the proposal creator can create a payment request for the full or part of the requested funds.
The NavCoin network can then again decide, if the work is what the creator promised to do and vote for the funds or reject the payment request because it was not what he promised. This mechanism ensures, that the funds are only release if the creator of the proposal did what he promised. The NavCoin network decides everything, there is no central authority which makes the community fund 100% decentralized.
The community fund is quite new but there have already been some proposals that were accepted like paying for the development & hosting of NAV block explorer, the creation and distribution of NAV car stickers to the community for free (or paid by the community fund), the funding of interns for NavCoin Core, translation of the website into other languages and YouTube videos. What ideas could you come up with? By the way: this article was also sponsored by the community fund :-)

Proof of Stake
Like said before, NavCoin uses the Proof of Stake algorithm to create and validate blocks. Participants of the NavCoin network can earn rewards by putting their coins to stake and thus validating blocks and securing the network. The reward used to be 4% fixed but recently changed with the implementation of PoSv3. Currently, rewards for stakers that are staking 24/7 is about 10% but it is dependent on how many people are staking. If more nodes come online, this reward will go down. If 90% of all NAVs would be at stake, stakers would still earn 4%.

Tutorials And Guidelines [3]
The NavCoin Core team pushes the community to contribute to the NavCoin ecosystem constantly. They emphasize that NavCoin is an open source project and everyone can contribute. The team tries to make it as easy as possible for the average person to contribute and thus created different tutorials and guidelines.

Tutorials To Contribute To The Website
The whole website is open source. Everyone can contribute to the website. The team created different guides for people to follow [4].

The NavCoin Developer Manifesto
The content creator core team has build a developer manifesto. It defines the values that should be uphold like for example that they will always operate in the best interest of the network. If defines the principles, purposes, scope of involvement and operational requirements [5].

The NavCoin Content Creation Manifesto
Similar to the developer manifesto, there is also a content creation manifesto. Again it defines the principles for creating content, the purpose, the scope of involvement and the operational requirements [6].

NavCoin Brand Guidelines
In addition to the content creation manifesto, there is also a brand guideline booklet. This should help content creators to create images, videos, articles etc. in the same style as the core team. It defines the NAV brand. The brand guidelines contain definitions, the language to use (words to use, words not to use), the tone of voice, what the community aspires to be and what we discourage to be. It also contains the logo pack which can be used in graphics etc. It describes correct logo spacing, logo placement, the colors of NAV and different web assets. It gives tips about gradients and overlays, the typefaces (with a font pack) and many more. Check it out yourself [7].

NavCoin Educational Series
The core team has decided to actively involve the community in the creation of new features. For this reason and to allow users to ask questions, they created the NavCoin Educational Series. The core team schedules an online live meetup which can be joined by everyone. On YouTube they do live-streams and explain upcoming features. Examples of these series are explanations for cold staking, static rewards (PoSv3) and the community fund. The community can ask questions live and the core team will answer them immediately.

Community
During the last year there have been an influx of software developers from the community starting to create features for NAV.

navexplorer.com
An examples is navexplorer.com which is programmed by community developer prodpeak and is a block explorer for NavCoin. Additionally, it functions as a interface to see what is going on in the community fund. It shows pending proposals and payment requests.

NEXT Wallet
The NEXT Wallet is an alternative wallet for NAV and other cryptocurrencies. It has a beautiful user interface and is additionally the easiest interface to interact with the community fund (create proposals, create payment requests and vote for proposals and payment requests). It is programmed by community developer sakdeniz who put hundreds of hours into it during last year.

There were also some marketing activities starting to emerge with the release of the community fund. Some of these were for example free stickers for everyone in the NAV community to stick to their car / shop / window etc. or YouTube videos of CryptoCandor and Cryptomoonie that explained the details of NAV. I am sure, that with the 500'000 NAV available in the community fund per year there will be an influx of gread ideas - development as well as marketing activities - that will be funded.

The Future

Introduction
These features are planned for the future. Many of the following features are part of the 2019 roadmap. Some will not be described in great detail because not much is known about them yet. I've still listed them as they are part of what is yet to come.

Features
Rimu - Improved Privacy Solution
NavCoin used to be a optional privacy coin. That means, that you could choose to send a transaction in private. NavCoin was criticized for the way it handles private payments because it relied on a few servers which didn't make it that decentralized. The technology was called "NavTech" and was a secondary blockchain that obscured the transaction and the amount that was sent. NavCoin Core is currently developing a new improved privacy solution that will make the private payment system completely trustless and districuted and runs at a protocol level. Alex of the NavCoin Core team has published a paper that describes this new privacy solution. It's called Zero Confidential Transactions and can be found here: https://www.researchgate.net/publication/330366788_ZeroCT_Improving_Zerocoin_with_Confidential_Transactions_and_more. What I want to highlight is the collaboration between Alex as the proposer of the solution and the Veil team, a Bitcoin Core developer and Moneros main cryptographer as reviewers. When the best work together, it will be interesting to see what the outcome is!

Valence Plattform [8]
Valence is an applied Blockchain platform that can help businesses realise the tangible benefits of blockchain. You can think of Valence as a platform with which you can build Anonymous Distributed Applications (aDapps) with. But Valence is a different kind of platform that enables developers to create new types of blockchain applications. The problem with current (turing complete) dApp platforms are their complexity and rigid nature. Security holes in smart contracts and scaling issues happen frequently [9].
Valence provides transitional pathways that let businesses migrate only part of their activities to the blockchain without having to restructure their entire business model [9].
Valence will provide a spectrum of blockchain application solutions which sit along the decentralized spectrum, offering businesses simple ways to dip their toes into the blockchain at minimal risk or complexity [9].
Thanks to the proof of stake nature of the Valence blockchain, more of a node's resources can be used for processing and routing application data which makes the platform faster and scalable.
Valence aims to make building blockchain applications as accessible to the general public as WordPress or Squarespace has made building websites.
The developers NavCoin and Valence aim to make Valence extremely easy to work with:
A Valence application could be an open source mobile or web application that submits unencrypted or encrypted data directly to the blockchain. The only configuration necessary for the app developer would be setting up the data structure. Once they've done that they can start writing to the blockchain immediately.
The Valence blockchain interface is language agnostic, meaning developers are free to build applications in whichever language they're familiar with, which greatly reduces the barrier to entry.
As the platform progresses, Valence will introduce more and more smart contract templates in collaboration with the development community. These will be like plugins that users can simply select and configure for their application, without having to reinvent the wheel and risk contract errors or spend countless hours of research to program them.

NavShopper
The following information is taken from the latest weekly news: NavShopper is a new project which will allow people to spend NavCoin on a growing list of retailers and service providers. NavShopper sits between traditional retailers accepting fiat and NavCoin users and purchases products on behalf of the user by managing the crypt-fiat conversion, payment and shipping. This project will unlock many more ways for people to spend NAV on existing websites/marketplaces without requiring each site to individually accept cryptocurrencies. Some of the prototypes we are working on include crediting your Uber account, buying products on Amazon and donating to charities.

Kauri Wallet
The Kauri Wallet aims to be an open-source, multi-currency wallet which functions as a foundation for other features.

Kauri Enhanced
Enhancements to the Kauri Wallet will allow multiple accounts, pin numbers, recurring payments and more.

Kauri DAEx
The Kauri DAEx is a Decentralised Atomic Exchange that utilises the features of the Kauri Wallet and enables users to create safe peer to peer atomic exchanges for any currency supported by the Kauri Wallet. NavDelta NavDelta will be a payment gateway that allows users to spend NAV at any business which accepts currencies supported by the Kauri Wallet. NavMorph NavMorph is a fusion of Rimu and Kauri DAEx and will allow to privately send every cryptocurrency supported by the Kauri Wallet.

Outro

If you have made it this far: Congratulations! You have learned about how NAV evolved, what its current state is and what the future will bring. To sum all up: NavCoin has made incredible progress during last year and released many long awaited features despite the bear market. Many more exciting features are yet to come and it's going to be very interesting to see where we will stand on this day next year.

Giveaway

Unfortunately, the giveaway was not possible in the cryptocurrency-subreddit because of their rules, so I'm doing it here :-) As a surprise, in the next 2 hours I am going to send some NAV to everyone who wants to try out the awesome features and NavPay you read about above.
To get your NAVs, all you have to do is the following:
If you liked the experience, I'd be happy to hear back from you :)

References

[1] https://encrypt-s.com/company/
[2] https://navcoin.org/en/roadmap/
[3] https://navhub.org/get-involved/
[4] https://navhub.org/how-to-guide/
[5] https://navhub.org/assets/NavCoinDeveloperManifesto.pdf
[6] https://navhub.org/assets/NavCoinContentManifesto.pdf
[7] https://navhub.org/assets/NavCoinBrandGuidelines.pdf
[8] https://valenceplatform.org/
[9] https://valenceplatform.org/learn/business-on-the-blockchain-made-easy/
[10] https://bitcointalk.org/index.php?topic=679791.msg8320228#msg8320228
submitted by crypto_sIF to NavCoin [link] [comments]

The History, The Current State And The Future Of NavCoin

The History, The Current State And The Future Of NavCoin

This is it. If you're interested to see what NAV is all about, this is the ultimate guide for you. You will learn about the history of NavCoin and how it evolved. You will learn about the current state and features of NavCoin and you will learn about the exciting new features that are planned and coming up in the (near) future.
So buckle up, this is going to be a long ride!

Table Of Content


Introduction - What is NavCoin?


The History

Introduction
The following chapter will summarize and break down the history of NavCoin in a few sentences. NAV started a long time ago, went through rebrandings and changes of the core team before it became what it is today.

SummerCoin
NavCoin was initially first introduced under the name SummerCoin on April 23 in 2014. SummerCoin was a fork of the Bitcoin blockchain. It used to have a PoW/PoS hybrid algorithm with a block time of 45 seconds.

SummerCoinV2 /NavajoCoin
Soon after the initial launch of SummerCoin, the original developer left and SoopY (soopy452000 on bitcointalk) took over as the main developer and rebranded the project to SummerCoinV2 respectively NavajoCoin and introduced new features.
The name NavajoCoin was chosen in honor of the Navajo Code Talker. The unbreakable Navajo code was used to encrypt highly classified military information and commands and decrypt the same in WW II.
SoopY introduced a technology which allowed sending transactions anonymously and private. This technology was called "Navajo Anonymous Technology". SoopY also released a new wallet and set the Proof of Stake rewards at 10% for the first year, 5% for the second year and 2% for every year after.

NavCoin
On August 12, 2014, Craig (current lead core developer, pakage on bitcointalk) started to get involved with NAV by helping to set up a website [10].
It was officially announced that Craig joined the core team as a "Wallet & Web Developer" on November 06, 2014.
The last tokenswap and restart of the blockchain of NAV happened on May 12, 2016.
Soon later, SoopY stopped showing up and Craig stepped into the role of the lead core developer. Since then, Craig has assembled a strong team with which he built NavCoin into what it is today.
Currently, Craig and the NavCoin Core team is located in New Zealand and they are actively developing many ground-braking features which differentiate NAV from other cryptocurrencies. You will read more about that later in this article.

The Current State

Introduction
The year 2018 has been a thriving year for the NavCoin ecosystem. Despite the USD price of NAV not reflecting it, in 2018 the core team has developed a whole bunch of new features. Also the core content creators published the first official guidelines that function as an orientation guide for community content creators. This chapter will give you an overview of the current team, the features, the prior mentioned guidelines and the community of NavCoin.

Core Team [1]
Last year, the core team has grown alot. It contains of developers, content creators and interns. The core team are employees of Encrypt S, the New Zealand's leading blockchain R&D lab. Encrypt S is developing blockchain solutions since 2014 and values building open-source software highly.

Craig MacGregor - Chief Executive Officer
Craig is the CEO of Encrypt S and the founder of NavCoin. He is one of the world's most experienced blockchain developers. Craig founded NavCoin in 2014 and is developing software for it since then. He has assembled a strong team of like-minded people. Craig also speaks at seminars and conferenced. Some of the companies and conferences he did blockchain education sessions at are Oracle, Xero, Air New Zealand, Blok Tex and trademe. Together with the team, he is also doing a education series on YouTube where he explains upcoming features in-depth for the community.

Alex Vazquez - Chief Technical Officer
Alex is the CTO of Encrypt S and the most active contributor to the NavCoin core Github. He has incredible knowledge of blockchains and proposes and implements solutions for challenges and features. He supports community developers frequently and answers any questions of the community thoroughly. Like Craig, Alex is developing software for the NavCoin ecosystem for a very long time. Alex speaks at universities at times and educates students about the blockchain technology.

Paul Sanderson - Lead Software Engineer
Paul is the Lead Software Engineer at Encrypt S. He has a flair for technology. His technical and management skills are perfectly suited for consultancy and investment advising. He also frequently contributes to the NavCoin core source code.

Rowan Savage - Senior Software Engineer
Rowan is a full stack software engineer with more than a decade experience in developing complex front-end web applications. He joined Encrypt S in February 2018 and has since been involved in the Valence Plattform, the Kauri Wallet and NavCoin Core. You will read more about these feature/projects later.

Carter Xiao - Lead UX/UI Designer
Carter specializes in user-centric design and is also very talented with 3D animation, motion graphics and programming. One of NavCoins core principle is "Simplifying Crypto" and UX/UI is a very important part of that.

Matt Paul - Software Engineer
Like Rowan, Matt is a full stack Software Engineer. He joined the core team in Mai 2017 and has since worked on NavPay, NavPi, the Kauri Wallet and NavCoin Core. Kieren Hyland - Chief Strategy Officer Kieren is one of the employees that are working for Encrypt S for a very long time. He is the CSO and is a digital strategist and growth hacker with a passion for new technology and has a lot of experience in online marketing. Laura Harris - Creative Director Laura has a combination of commercial and creative flair. She manages the social media accounts for NavCoin and ensures, that NavCoins' message is always powerful, relevant and distinctive. John Darby - Content Creator John is an internationally awarded Technology and Financial sector marketing communications specialist. He is one of the Core Content Creators for NavCoin.

Features of NavCoin [2]
The following features are currently available and have been developed in the last months and years. It is sorted from newest to oldest.

Static Block Reward
The soft-fork for the enabling of static block rewards have been accepted and became active recently at 5th January 2019. This means, that the block reward was changed from a percentage based reward to a static reward. This will incentivize the stakers to have their node online 24/7 which increased the security of the network. It also aligns NavCoin with the PoSv3 specification. With this implementation, the yearly inflation will be 3.6% currently and will exponentionally decrease because of the static value of the rewards. Every staked block will now give the staker 2 NAV. Depending on how many people are staking, the yearly percentage varies. With the network weight currently being around 20'000'000 NAV, stakers earn around 10% rewards from staking 24/7.

Cold staking
To provide extra security to participants in the staking process in the NavCoin network, the core team decided to implement cold staking. This allows to store NAV offline and still be able to sign staking inputs. Looking forward, a possible integration into the Ledger Nano S would mean, that one can stake NAV securely from a offline hardware wallet. How cool is that?

OpenAlias
One of the core principle of NAV is to simplify cryptocurrencies. Many non-technical people are deterred from the long, cryptic addresses used in wallets. When sending funds, you have to make sure that every single letter and digit is correct which is nerve-wracking for the average person. NavCoin has implemented OpenAlias, which allows to transform the wallet address into a email-like form. Everyone can register a name like "[[email protected]](mailto:[email protected])". Funds can then be sent to this name, which makes sending crypto much easier and less error-prone.

Community Fund
This is the one big feature I was most excited about. NavCoin core has implemented the first fully decentralized community fund. Acceptance of proposals and release of funds is all approved by the decentralized network. No central authority has access to the fund. The community fund enables everyone to propose their ideas to the NavCoin community and to get paid to implement these ideas. Everyone can propose whatever they like (of course there is a higher rate of success if the proposal contributes to the NavCoin ecosystem ;-)). In fact, this article was sponsored by the NAV-Community by voting "yes" for my proposal. The fund works like this:
For a fee of 50 NAV, everyone can create and present his idea/proposal to the entire NavCoin network. The fee is here to help prevent spam attacks. Proposals can literally be anything - be it development, marketing or anything else you can some up with.
After creating the proposal, everyone contributing to the NavCoin network can then decide if they like the proposal of not. They vote with "Yes" or "No" for the acceptance of the proposal. Voting happens via staking. Every transaction that gets validated by you gives you one vote. This means that the more NAV you are staking, the higher your voting weight is.
The proposal stays in the state "Pending" until it is accepted or rejected. To be accepted, a proposal has to have a participation of at least 50% of all staked blocks and at least 75% of these votes have to be "Yes"-votes. Like-wise to be rejected a proposal need 50% participation of the network and 75% of these votes have to be "No"-votes. Additionally, if a proposal didn't pass after 6 voting cycles (about 6 weeks) it is also rejected.
After a proposal has been accepted, the creator of the proposal can start his work. When the work is finished, or at in the proposal defined checkpoints, the proposal creator can create a payment request for the full or part of the requested funds.
The NavCoin network can then again decide, if the work is what the creator promised to do and vote for the funds or reject the payment request because it was not what he promised. This mechanism ensures, that the funds are only release if the creator of the proposal did what he promised. The NavCoin network decides everything, there is no central authority which makes the community fund 100% decentralized.
The community fund is quite new but there have already been some proposals that were accepted like paying for the development & hosting of NAV block explorer, the creation and distribution of NAV car stickers to the community for free (or paid by the community fund), the funding of interns for NavCoin Core, translation of the website into other languages and YouTube videos. What ideas could you come up with? By the way: this article was also sponsored by the community fund :-)

Proof of Stake
Like said before, NavCoin uses the Proof of Stake algorithm to create and validate blocks. Participants of the NavCoin network can earn rewards by putting their coins to stake and thus validating blocks and securing the network. The reward used to be 4% fixed but recently changed with the implementation of PoSv3. Currently, rewards for stakers that are staking 24/7 is about 10% but it is dependent on how many people are staking. If more nodes come online, this reward will go down. If 90% of all NAVs would be at stake, stakers would still earn 4%.

Tutorials And Guidelines [3]
The NavCoin Core team pushes the community to contribute to the NavCoin ecosystem constantly. They emphasize that NavCoin is an open source project and everyone can contribute. The team tries to make it as easy as possible for the average person to contribute and thus created different tutorials and guidelines.

Tutorials To Contribute To The Website
The whole website is open source. Everyone can contribute to the website. The team created different guides for people to follow [4].

The NavCoin Developer Manifesto
The content creator core team has build a developer manifesto. It defines the values that should be uphold like for example that they will always operate in the best interest of the network. If defines the principles, purposes, scope of involvement and operational requirements [5].

The NavCoin Content Creation Manifesto
Similar to the developer manifesto, there is also a content creation manifesto. Again it defines the principles for creating content, the purpose, the scope of involvement and the operational requirements [6].

NavCoin Brand Guidelines
In addition to the content creation manifesto, there is also a brand guideline booklet. This should help content creators to create images, videos, articles etc. in the same style as the core team. It defines the NAV brand. The brand guidelines contain definitions, the language to use (words to use, words not to use), the tone of voice, what the community aspires to be and what we discourage to be. It also contains the logo pack which can be used in graphics etc. It describes correct logo spacing, logo placement, the colors of NAV and different web assets. It gives tips about gradients and overlays, the typefaces (with a font pack) and many more. Check it out yourself [7].

NavCoin Educational Series
The core team has decided to actively involve the community in the creation of new features. For this reason and to allow users to ask questions, they created the NavCoin Educational Series. The core team schedules an online live meetup which can be joined by everyone. On YouTube they do live-streams and explain upcoming features. Examples of these series are explanations for cold staking, static rewards (PoSv3) and the community fund. The community can ask questions live and the core team will answer them immediately.

Community
During the last year there have been an influx of software developers from the community starting to create features for NAV.

navexplorer.com
An examples is navexplorer.com which is programmed by community developer prodpeak and is a block explorer for NavCoin. Additionally, it functions as a interface to see what is going on in the community fund. It shows pending proposals and payment requests.

NEXT Wallet
The NEXT Wallet is an alternative wallet for NAV and other cryptocurrencies. It has a beautiful user interface and is additionally the easiest interface to interact with the community fund (create proposals, create payment requests and vote for proposals and payment requests). It is programmed by community developer sakdeniz who put hundreds of hours into it during last year.

There were also some marketing activities starting to emerge with the release of the community fund. Some of these were for example free stickers for everyone in the NAV community to stick to their car / shop / window etc. or YouTube videos of CryptoCandor and Cryptomoonie that explained the details of NAV. I am sure, that with the 500'000 NAV available in the community fund per year there will be an influx of gread ideas - development as well as marketing activities - that will be funded.

The Future

Introduction
These features are planned for the future. Many of the following features are part of the 2019 roadmap. Some will not be described in great detail because not much is known about them yet. I've still listed them as they are part of what is yet to come.

Features
Rimu - Improved Privacy Solution
NavCoin used to be a optional privacy coin. That means, that you could choose to send a transaction in private. NavCoin was criticized for the way it handles private payments because it relied on a few servers which didn't make it that decentralized. The technology was called "NavTech" and was a secondary blockchain that obscured the transaction and the amount that was sent. NavCoin Core is currently developing a new improved privacy solution that will make the private payment system completely trustless and districuted and runs at a protocol level. Alex of the NavCoin Core team has published a paper that describes this new privacy solution. It's called Zero Confidential Transactions and can be found here: https://www.researchgate.net/publication/330366788_ZeroCT_Improving_Zerocoin_with_Confidential_Transactions_and_more. What I want to highlight is the collaboration between Alex as the proposer of the solution and the Veil team, a Bitcoin Core developer and Moneros main cryptographer as reviewers. When the best work together, it will be interesting to see what the outcome is!

Valence Plattform [8]
Valence is an applied Blockchain platform that can help businesses realise the tangible benefits of blockchain. You can think of Valence as a platform with which you can build Anonymous Distributed Applications (aDapps) with. But Valence is a different kind of platform that enables developers to create new types of blockchain applications. The problem with current (turing complete) dApp platforms are their complexity and rigid nature. Security holes in smart contracts and scaling issues happen frequently [9].
Valence provides transitional pathways that let businesses migrate only part of their activities to the blockchain without having to restructure their entire business model [9].
Valence will provide a spectrum of blockchain application solutions which sit along the decentralized spectrum, offering businesses simple ways to dip their toes into the blockchain at minimal risk or complexity [9].
Thanks to the proof of stake nature of the Valence blockchain, more of a node's resources can be used for processing and routing application data which makes the platform faster and scalable.
Valence aims to make building blockchain applications as accessible to the general public as WordPress or Squarespace has made building websites.
The developers NavCoin and Valence aim to make Valence extremely easy to work with:
A Valence application could be an open source mobile or web application that submits unencrypted or encrypted data directly to the blockchain. The only configuration necessary for the app developer would be setting up the data structure. Once they've done that they can start writing to the blockchain immediately.
The Valence blockchain interface is language agnostic, meaning developers are free to build applications in whichever language they're familiar with, which greatly reduces the barrier to entry.
As the platform progresses, Valence will introduce more and more smart contract templates in collaboration with the development community. These will be like plugins that users can simply select and configure for their application, without having to reinvent the wheel and risk contract errors or spend countless hours of research to program them.

NavShopper
The following information is taken from the latest weekly news: NavShopper is a new project which will allow people to spend NavCoin on a growing list of retailers and service providers. NavShopper sits between traditional retailers accepting fiat and NavCoin users and purchases products on behalf of the user by managing the crypt-fiat conversion, payment and shipping. This project will unlock many more ways for people to spend NAV on existing websites/marketplaces without requiring each site to individually accept cryptocurrencies. Some of the prototypes we are working on include crediting your Uber account, buying products on Amazon and donating to charities.

Kauri Wallet
The Kauri Wallet aims to be an open-source, multi-currency wallet which functions as a foundation for other features.

Kauri Enhanced
Enhancements to the Kauri Wallet will allow multiple accounts, pin numbers, recurring payments and more.

Kauri DAEx
The Kauri DAEx is a Decentralised Atomic Exchange that utilises the features of the Kauri Wallet and enables users to create safe peer to peer atomic exchanges for any currency supported by the Kauri Wallet. NavDelta NavDelta will be a payment gateway that allows users to spend NAV at any business which accepts currencies supported by the Kauri Wallet. NavMorph NavMorph is a fusion of Rimu and Kauri DAEx and will allow to privately send every cryptocurrency supported by the Kauri Wallet.

Outro

If you have made it this far: Congratulations! You have learned about how NAV evolved, what its current state is and what the future will bring. To sum all up: NavCoin has made incredible progress during last year and released many long awaited features despite the bear market. Many more exciting features are yet to come and it's going to be very interesting to see where we will stand on this day next year.

Giveaway

Unfortunately, the giveaway was not possible in the cryptocurrency-subreddit because of their rules, so I'm doing it here :-) As a surprise, in the next few hours I am going to send some NAV to everyone who wants to try out the awesome features you have read about above.
To get your NAVs, all you have to do is the following:
If you liked the experience, I'd be happy to hear back from you :)

References

[1] https://encrypt-s.com/company/
[2] https://navcoin.org/en/roadmap/
[3] https://navhub.org/get-involved/
[4] https://navhub.org/how-to-guide/
[5] https://navhub.org/assets/NavCoinDeveloperManifesto.pdf
[6] https://navhub.org/assets/NavCoinContentManifesto.pdf
[7] https://navhub.org/assets/NavCoinBrandGuidelines.pdf
[8] https://valenceplatform.org/
[9] https://valenceplatform.org/learn/business-on-the-blockchain-made-easy/
[10] https://bitcointalk.org/index.php?topic=679791.msg8320228#msg8320228
submitted by crypto_sIF to CryptoCurrency [link] [comments]

Bitcoin is the honeybadger of money - a way for enlightened individuals to opt out of a system of misguided fools.

As Bitcoin grows into it's second decade of existence, we have seen it successfully resist corporate and mining takeovers. It continues to be the most secure, with the highest hash rate by a large margin. It's dominance is strong today, but is it permanent?
It all depends on what it's being compared to.
There are forks of Bitcoin (altcoins) that exist for various reasons, but none really have shown that they are even more decentralized, or more designed to protect an individual's financial rights, than Bitcoin itself. The spinoffs are often simply money-grabs by small groups, hoping to mislead uninformed people into buying their altcoins (lovingly called "shitcoins").
If we compare Bitcoin to fiat currencies or physical gold, we know Bitcoin is much, much smaller. And similarly, if we compare Bitcoin to transaction systems such as PayPal or Visa/Mastercard, Bitcoin is much much smaller.
But whether comparing to altcoins or comparing to existing money or money systems, does it really matter what the "share size" of Bitcoin is? That is, Bitcoin being smaller than an altcoin or any other system, doesn't take away from it's true value of being a highly secure, highly decentralized, non-corporate money.
Bitcoin being "smaller" than the old systems is not an issue with Bitcoin. Nor will Bitcoin being "smaller" than any new up-and-coming system/altcoin necessarily be an issue for Bitcoin. Because as long as the principles behind the protocol stay true, which it has done for over a decade now, it will be a successful sanctuary for individuals who understand. It does NOT matter how small or large of a share Bitcoin holds over the economy. What matters that it upholds it's promise to remain decentralized and limited.
The share of the market Bitcoin holds is really a reflection of two primary things:
These two things can, and most likely, will change as Bitcoin becomes mainstream.
The mainstream isn't going through a period of intellectual enlightenment where suddenly it wants freedom back. If anything, it's going even deeper into "relinquishing control". That is, people are more afraid than ever, and people are more desperate and asking for government for help these days. Surveillance and socialism are becoming extremely popular in an environment where printing money hasn't solved their woes created by printing money.
So, as Bitcoin becomes embedded into the mainstream, it's main limiting growth will be the overall intelligence and acceptance of people in understanding these values. Sadly, this does not look good.
However, Bitcoin itself doesn't care.
Bitcoin is protection against the very people who wish to control you or confiscate your money for their immoral actions.
If the mainstream decide they want to elect a socialist/communist president and create a 75% tax on your income, Bitcoin offers a way to illegally evade such stupid taxes on a moral basis.
With Bitcoin and it's history shown in the last decade, compared to no other money that exists today, you actually have an opportunity to protect yourself from the foolishness of others.
Rights are being stripped away every single day. Human decency, dignity, and supposedly sensible concepts are thrown out in the name of fear.
But Bitcoin persists, and is a sanctuary against the foolishness.
As time goes on, we continue to see more of the same foolishness being thrown around (and perhaps, is evidence of it becoming more mainstream) in that, mainstream foolishness has really embedded itself into the conversations.
We're seeing more altcoins than ever, corporate coins, and "blockchain" or "permissioned-blockchain" is the cool buzzword for companies to describe a horribly slow and inefficient database that will help lead them to product success. We're seeing more acceptance of KYC, of companies such as Coinbase, and people saying, "Just pay your taxes - moral or immoral doesn't matter". This is actually a perfect reflection of mainstream today.
And the beauty of it? Again, Bitcoin doesn't care. It remains a small sanctuary, and it will only grow as people become educated. It does NOT matter if some phoney alt becomes more popular than Bitcoin, that is simply a reflection of mainstream ignorance now embedding itself into the "cryptocurrency market".
The question, which I can't really say for sure, is whether or not there will come a time when people have been burned enough times by scam coins, or burned enough by government failures, or burned enough by inflation, or burned enough by people creating laws designed to steal from those in the minority, that they will finally use Bitcoin to protect themselves.
How many times do you need to be punched in the face (financially) before you put your hands up in front of your face to protect it (using Bitcoin)?
I'm not sure, but I can take solace in the fact that I know how to defend my wallet and that Bitcoin has proven, time and time again, that it will defend me as well.
submitted by anon516 to Bitcoin [link] [comments]

Beginner’s Guide to Exchanges – Part 1

Beginner’s Guide to Exchanges – Part 1

Hola Compadres! It is me u/poop_dragon here with another guide. Today I would like to run through a list of ETH exchanges. This is just Part 1 of this list, and it covers established exchanges. Soon I will post Part 2 and 3 which will go into some other types of exchanges (derivative markets, coin converters, decentralized, and foreign exchanges) Side note, I have given rating to these exchanges based on some comparisons, news, and information which I have found online. Recently, EVERY exchange has been slow/unresponsive in their customer service due to the huge influx of new users. My intention is to help educate new users about the exchanges available. I am not trying to discredit, advertise, pump up, or damage reputations. If you feel something is inaccurate, please respectfully bring it up in the comments. I will be editing as we go. Last thing of note, I have only included the lowest level trading tier to calculate trading fees, which assumes the highest rates. Most exchanges offer lower fees for bigger orders, but I have gone with the assumption that everyone here is not dropping whale amounts of cash.

00 – Concepts and Definitions

01 –Digital Exchanges

Poloniex

Exchange Type Maker Taker
All Currencies .15% .25%
Feature Details
2FA Google Authenticator Available
Wallet Security ‘Majority’ of Funds in cold storage
Personal Information Encrypted and Stored Off-Site
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 1 X X $2,000 USD Daily Withdrawal Limit
Level 2 X X X X X X $7,000 USD Daily Withdrawal Limit
Level 3 X X X X X X $25,000 USD Daily Withdrawal Limit
Level 4 X X X X X X X X >$25,000 USD Daily Withdrawal Limit
What is a KYC? It stands for Know Your Customer Documentation. This varies between exchanges. However, like most things, if you have to ask, you probably can’t afford it.

Bittrex

Exchange Type Maker Taker
All Currencies .25% .25%
Feature Details
2FA Google Authenticator Available
Wallet Security Multi-stage wallet Majority’ of Funds in cold storage
Personal Information IP Whitelisting restricts trading from new addresses
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Basic X X X 3 BTC or less daily
Enhanced X X X X X X 100 BTC or less daily

02– Fiat Exchanges - USA

Coinbase (GDAX)

Country Credit/Debit Linked Bank Account Wire Transfer
Australia 3.99% - -
Canada 3.99% - -
Europe 3.99% 1.49% SEPA- Free (€0.15)
Singapore 3.99% 1.49% -
UK 3.99% - SEPA Free (€0.15)
US 3.99% 1.49% $10 Deposit / $25 With / ACH Free
Exchange Type Maker Taker
ETH/FIAT 0% .30%
ETH/BTC 0% .30%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 1 X X X
Level 2 X X X X X Crypto Only
Level 3 X X X X X X X Fiat Enabled
Level 4 X X X X X X X X Higher Fiat Limits
Feature Details
2FA Google Authenticator, Authy, SMS
Wallet Security 98% Assets in Cold Storage
Personal Information 3rd Party Verified, Secured, Stored Offline
Digital Currency Insurance Fully Insured by Lloyd’s of London
Fiat Insurance Up to $250,000 by FDIC
Bug Bounty Multiple bounties up to $10,000

Kraken

Country Linked Bank Account Wire Transfer
EUR Free SEPA €5-10 (€0.09 Withdrawal)
US Free SWIFT $10 ($60 Withdrawal)
UK Free SWIFT £10 (£60 Withdrawal)
CAN Free SWIFT Free ($10 Withdrawal)
Exchange Type Maker Taker
ETH/FIAT .16% .26%
ETH/BTC .16% .26%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Level 0 X No Trading Allowed
Level 1 X X X X No Fiat, Unlimited Crypto
Level 2 X X X X Fiat $2,000Day/$10,000Mo
Level 3 X X X X X X Fiat $25,000Day/$200,000Mo
Level 4 X X X X X X X X Fiat $100,000Day/$500,000Mo
Feature Details
2FA Google Authenticator, Master Key Available
Wallet Security Majority Assets in Cold Storage
Personal Information PGP Encrypted Emails, Global Settings Lock
Digital Currency Insurance Maintain Full Reserves
Bug Bounty Multiple bounties

Gemini

Country Linked Bank Account Wire Transfer
USD Free Free
Exchange Type Maker Taker
ETH/ALL .10-.25% .25%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Individual X X X X X X X None - Except for ACH
Feature Details
2FA Google Authenticator, Authy Available
Hot Wallet Security Hot Wallet Hosted by Amazon Web Services
Cold Wallet Stored in 2 tiers of cold and 'cryo' multi-sig storage
Personal Information Encrypted in Transit and Stored Offline
Digital Currency Insurance Fidelity bond by 'top-tier insurance company'
Fiat Insurance Up to $250,000 by FDIC

03– Fiat Exchanges - Hong Kong

Bitfinex

Country Credit/Debit Bank Transfer Express Bank Transfer
ALL - .1% ($20 Minimum) 1% ($20 Minimum)
Exchange Type Maker Taker
ETH/ALL .10% .20%
Tier Level Name Email DOB Phone Address Official ID Bank Info KYC Limits
Individual X X X X X X (2) X X No Stated Limits
Feature Details
2FA Google Authenticator, Twilio Available
Account Security New IP Addresses locked for 24 hours, require verification and detection
System Security Hosted and Backed-up on Linux, protection from DDoS
Personal Information Email encryption with OpenPGP
Wallet Security Only .5% of funds are stored in hot wallets
EDIT : Thank you to u/Ginger_Bearded_Man for the suggestion. Bittrex has been added.
submitted by poop_dragon to ethtrader [link] [comments]

Brave Browser: the future of web browsing

What is Brave Browser?
Brave is a browser based on the Chromium project. By default, the web browser blocks trackers and ads so you can browse the web faster. In other browsers, you can add ad blocking extensions but they still allow display some ads and all trackers. Brave Browser solves this issue perfectly.
Brave Browser Desktop
From the main window, you can check statistics of all blocked elements. You have also access to some advanced settings from where you can define if you like to use HTTPS everywhere, or blocks scripts, 3rd part cookies, ads, phishing and malware components etc.
Integration with Brave Sync allows you to sync encrypted browser data between your devices. The biggest advantage of this web browser is speeding up page load on a typical cell connection by not downloading ads and trackers. This feature can load pages up to 300% faster.
You can download Brave Browser for Windows, Linux, Mac, Android, and iOS devices.
History
The project started on May 28, 2015, by CEO Brendan Eichthe, the co-founder of the Mozilla Project, and CTO Brian Bondy. Brave Software launched the first public version of the browser on January 20, 2016. The app was packed with partial ad-blocking features and plans for ad revenue sharing program.
As part of our 0.11.6 release of Brave for desktop on Sep 1, 2016, the publisher announced the beta version of Brave Payments, the Bitcoin-based micropayments system that can automatically and privately pay users favorite websites.
Privacy
A private window in Brave Browser prevents Internet browsing history from being stored and cookies vanish when you close the window. Downloads and bookmarks are still saved even after closing a private window. Sites can learn your IP address when you visit them — even inside a Private Window.
Private Window with Tor
When you are inside a Private Window with Tor, Brave Browser doesn’t connect directly to a website. Instead, you connect to a chain of different computers in the volunteer-run Tor network, one after another. This is a great feature allowing you to use Tor technology in one product.
Private Window with Tor in Brave Browser
This new functionality integrates into Brave a new browsing mode that helps protect privacy over the network. Private Tabs with Tor help protect Brave users from ISPs (Internet Service Providers), guest Wi-Fi providers, and visited sites that may be watching their Internet connection or even tracking and collecting IP addresses, a device’s Internet identifier. You can access it from a new Tab.
Tor Private Tabs is easily accessible from the File menu by clicking New Private Tab with Tor. The integration of Tor into the Brave browser enhance privacy protection conveniently accessible to any Brave user directly within the browser. At any point, you can open Private Tabs with Tor, regular tabs, session tabs, or private tabs.
Extensions
Extensions are programs that live and run directly on the browser. They do not require installation on your computer and do not require a system restart the way traditional programs often do. The browser supports extensions from Chrome Web Store.
BAT
A token called the Basic Attention Token ("BAT") is integrated into the browser. In a token sale that raised $36 million in 24 seconds. Users earn BAT while browsing, and pay BAT to publishers to access and support digital content and services.
Basic Attention Token - BAT
On top of the browser and integrated token, Brave is building a blockchain-based ad platform. Users, should they choose to get paid for seeing ads, will be served high quality and relevant ads without leakage of their data, as all ad-matching will be done by local (on-device) machine learning.
Brave-verified publishers (or publishers planning to verify as Brave publishers) can start collecting their contributions after establishing an Uphold account. BAT contributions are automatically converted to fiat and are directly deposited into the publisher’s bank account.
Brave Browser Mobile
The mobile version of Brave Browser for iOS and Android devices offers only partial features that you can enjoy using Desktop edition. It is packed with a fast ad blocker and HTTPS Everywhere. Moreover, you can block scripts, phishing, fingerprinting, activate always use private mode, etc.
Verdict
I have been using Brave Browser for over 6 months now, and I decided to switch to it from Google Chrome. I love the clean user interface and of course the packed technology to block ads and trackers. I don't use it all the time, and when needed I switch if off on my favorites websites.
The user experience is the same as on other popular browsers, but you can definitely feel that all pages are loading much faster on Brave. The downside is the technology behind Brave Wallet. It is complicated to set and a huge number of verifications can kill your enthusiasm to earn money.
As a browser Brave is a great product packed with new technologies. I would definitely recommend using the browser all my friends and family. Brave Browser received the 5-star award, and this is the highest rating I can provide. You should give it a try and install it on your Desktop. It is worth to do it!
submitted by jonh_petrus to u/jonh_petrus [link] [comments]

Interview with Ian Miers, cofounder of Zcash

Privacy on the blockchain is a philosophical question as much it is an economic one. The technology is innately unalterable and public – conditions that are unavoidable in a decentralised system.
There are a number of ideological differences, though, in the level of privacy that can exist while legitimately maintaining the core features of blockchain technology. Some argue that private, permissioned models are not really blockchains at all, they’re just distributed ledgers.
In response, a variety of cryptocurrencies have emerged offering different solutions to the privacy question.
Some see payment channels as the way forward, though there are still privacy issues given that the aggregate payment flow is still publicly visible. Payment networks with a central hub avoid the issue fairly well – people can see how much an individual has spent with them, but they won’t see where the money goes afterwards. This central third-party has access to the information though, and this is not privacy as we would wish.
Onion routing has also been posited as a solution, in which transactions go through layers of users before they are finalised. This too has potential problems if the on-ramps are in collusion though, and ensuring that these on-ramps are agnostic to what occurs in the middle is difficult. Essentially, no silver bullet has emerged that can guarantee privacy while maintaining the core tenets of blockchain technology.
Ian Miers is a postdoctoral researcher at Cornell Tech, focusing on applied cryptography and computer security. His research led him to co-found Zcash, a cryptocurrency introduced in October 2016 that is firmly rooted in ensuring privacy.
BDJ spoke to Ian at ‘Off the Chain’, our master workshop held in Berlin this June, to discuss Zcash and the importance of upholding privacy and confidentiality on the blockchain.
The importance of Privacy on the Blockchain
“The inspiration of my work in blockchain privacy was, when I first started looking at Bitcoin in 2011, I wasn’t sure if it would succeed as a payment system,” Ian told us. “But, I realised that if it did, there was going to be a massive set of privacy issues in that it exposes all of your transactions to everybody.”
“This is not a way we can do business. You can have a debate about whether governments need access to things or not, governments do these days so maybe it seems like it’s not that big a problem.”
Despite a culture of oversharing online, people do care about their privacy when it comes to digital products. Often though, they simply don’t know how to make their information more secure. In a recent IBM survey, for example, 78% of U.S. respondents rated a company's ability to keep their data private as "extremely important".
Furthermore, 73% of people see their personal banking information as their most sensitive online data. This would suggest an innate reluctance to have any financial data broadcasted publicly, be it sensitive access data or, more simply, data detailing where your money went. In his talk at the event, Ian used the analogy of someone paying money to a psychiatrist.
In many current models, though people would not necessarily be able to see the frequency with which transactions were made or the dates on which they were made, they would be able to see that after, say, a year, that payment channel closed at a certain value. Anyone and everyone would be able to see that you paid a significant amount of money to address psychological issues that year – not an ideal situation.
“With blockchains,” Ian says, “every transaction is available to everybody, and you can’t have a world in which everybody can find out about your payments. You have your business competitors knowing about it, you have stalkers using it to harass people – the things that’ll happen are just awful, so you need privacy controls, that’s a fundamental.”
The Creation of Zcash
Zcash was founded with the purpose of addressing these issues head on. It calls itself ‘the first open, permissionless cryptocurrency that can fully protect the privacy of transactions using zero-knowledge cryptography’. It’s one of a handful of cryptocurrencies that could realistically deliver secure, private transactions on the blockchain.
Vitalik Buterin, co-founder of Ethereum, has even joined those praising Zcash earlier this month, tweeting that the technology is ‘cool’ - recognition and praise which will come as no surprise to Ian, who has been working on the project for some time.
“Zcash is a very important tool for getting privacy for blockchains,” Ian says. “We’ve been working on it for quite a while, building the core tech stack, and now that we have that up and have gotten to the point where it’s actually performant – a thing called Sapling that is going live hopefully in October – we’re now starting to focus on usability and actually growing the consumer user base. Getting people onto it so they actually have privacy and aren’t exposing all their details to everybody in the world.”
This anonymity and inherent privacy for all users underpins Ian’s work. Of course, individuals don’t want their financial transactions broadcasted in a public forum for anyone to examine, but equally no business would want to expose their dealing to potential competitors. Ian believes there is now a strong call for a stringently private cryptocurrency from both consumers and businesses alike.
“Anonymity is crucial to crypto for social reasons – privacy is a public good, it’s a human right,” he tells us. “It’s also necessary for economics. Fungibility is an important property of money; you give someone else a dollar and it’s actually the same as another dollar, and that doesn’t work if currency has history.
“It’s also important to businesses. One of the more interesting things that has come out of doing Zcash is finding out that there is actually quite a bit of demand from enterprises who want to do blockchains but again don’t want to expose everything that they’re doing to their competitors."
This point is interesting, because ultimately it will be businesses that carry the torch for privacy on the blockchain. The general public will, eventually, be almost unaware that they are using cryptocurrency or blockchain technology altogether. Even when they are aware, the history of the internet would suggest that users are willing to sacrifice elements of individual privacy to access the benefits of new technology.
submitted by jvndn101 to binarydistrict [link] [comments]

Updating the Scaling Roadmap | Paul Sztorc | Jul 10 2017

Paul Sztorc on Jul 10 2017:
Summary

In my opinion, Greg Maxwell's scaling roadmap [1] succeeded in a few
crucial ways. One success was that it synchronized the entire Bitcoin
community, helping to bring finality to the (endless) conversations of
that time, and get everyone back to work. However, I feel that the Dec
7, 2015 roadmap is simply too old to serve this function any longer. We
should revise it: remove what has been accomplished, introduce new
innovations and approaches, and update deadlines and projections.
Why We Should Update the Roadmap

In a P2P system like Bitcoin, we lack authoritative info-sources (for
example, a "textbook" or academic journal), and as a result
conversations tend to have a problematic lack of progress. They do not
"accumulate", as everyone must start over. Ironically, the scaling
conversation itself has a fatal O(n2) scaling problem.
The roadmap helped solve these problems by being constant in size, and
subjecting itself to publication, endorsement, criticism, and so forth.
Despite the (unavoidable) nuance and complexity of each individual
opinion, it was at least globally known that X participants endorsed Y
set of claims.
Unfortunately, the Dec 2015 roadmap is now 19 months old -- it is quite
obsolete and replacing it is long overdue. For example, it highlights
older items (CSV, compact blocks, versionbits) as being future
improvements, and makes no mention of new high-likelihood improvements
(Schnorr) or mis-emphasizes them (LN). It even contains mistakes (SegWit
fraud proofs). To read the old roadmap properly, one must already be a
technical expert. For me, this defeats the entire point of having one in
the first place.
A new roadmap would be worth your attention, even if you didn't sign it,
because a refusal to sign would still be informative (and, therefore,
helpful)!
So, with that in mind, let me present a first draft. Obviously, I am
strongly open to edits and feedback, because I have no way of knowing
everyone's opinions. I admit that I am partially campaigning for my
Drivechain project, and also for this "scalability"/"capacity"
distinction...that's because I believe in both and think they are
helpful. But please feel free to suggest edits.
I emphasized concrete numbers, and concrete dates.
And I did NOT necessarily write it from my own point of view, I tried
earnestly to capture a (useful) community view. So, let me know how I did.
==== Beginning of New ("July 2017") Roadmap Draft ====
This document updates the previous roadmap [1] of Dec 2015. The older
statement endorsed a belief that "the community is ready to deliver on
its shared vision that addresses the needs of the system while upholding
its values".
That belief has not changed, but the shared vision has certainly grown
sharper over the last 18 months. Below is a list of technologies which
either increase Bitcoin's maximum tps rate ("capacity"), or which make
it easier to process a higher volume of transactions ("scalability").
First, over the past 18 months, the technical community has completed a
number of items [2] on the Dec 2015 roadmap. VersonBits (BIP 9) enables
Bitcoin to handle multiple soft fork upgrades at once. Compact Blocks
(BIP 152) allows for much faster block propagation, as does the FIBRE
Network [3]. Check Sequence Verify (BIP 112) allows trading partners to
mutually update an active transaction without writing it to the
blockchain (this helps to enable the Lightning Network).
Second, Segregated Witness (BIP 141), which reorganizes data in blocks
to handle signatures separately, has been completed and awaits
activation (multiple BIPS). It is estimated to increase capacity by a
factor of 2.2. It also improves scalability in many ways. First, SW
includes a fee-policy which encourages users to minimize their impact on
the UTXO set. Second, SW achieves linear scaling of sighash operations,
which prevents the network from crashing when large transactions are
broadcast. Third, SW provides an efficiency gain for everyone who is not
verifying signatures, as these no longer need to be downloaded or
stored. SegWit is an enabling technology for the Lightning Network,
script versioning (specifically Schnorr signatures), and has a number of
benefits which
are unrelated to capacity [4].
Third, the Lightning Network, which allows users to transact without
broadcasting to the network, is complete [5, 6] and awaits the
activation of SegWit. For those users who are able to make a single
on-chain transaction, it is estimated to increase both capacity and
scalability by a factor of ~1000 (although these capacity increases will
vary with usage patterns). LN also greatly improves transaction speed
and transaction privacy.
Fourth, Transaction Compression [7], observes that Bitcoin transaction
serialization is not optimized for storage or network communication. If
transactions were optimally compressed (as is possible today), this
would improve scalability, but not capacity, by roughly 20%, and in some
cases over 30%.
Fifth, Schnorr Signature Aggregation, which shrinks transactions by
allowing many transactions to have a single shared signature, has been
implemented [8] in draft form in libsecp256k1, and will likely be ready
by Q4 of 2016. One analysis [9] suggests that signature aggregation
would result in storage and bandwidth savings of at least 25%, which
would therefore increase scalability and capacity by a factor of 1.33.
The relative savings are even greater for multisignature transactions.
Sixth, drivechain [10], which allows bitcoins to be temporarily
offloaded to 'alternative' blockchain networks ("sidechains"), is
currently under peer review and may be usable by end of 2017. Although
it has no impact on scalability, it does allow users to opt-in to
greater capacity, by moving their BTC to a new network (although, they
will achieve less decentralization as a result). Individual drivechains
may have different security tradeoffs (for example, a greater reliance
on UTXO commitments, or MimbleWimble's shrinking block history) which
may give them individually greater scalability than mainchain Bitcoin.
Finally, the capacity improvements outlined above may not be sufficient.
If so, it may be necessary to use a hard fork to increase the blocksize
(and blockweight, sigops, etc) by a moderate amount. Such an increase
should take advantage of the existing research on hard forks, which is
substantial [11]. Specifically, there is some consensus that Spoonnet
[12] is the most attractive option for such a hardfork. There is
currently no consensus on a hard fork date, but there is a rough
consensus that one would require at least 6 months to coordinate
effectively, which would place it in the year 2018 at earliest.
The above are only a small sample of current scaling technologies. And
even an exhaustive list of scaling technologies, would itself only be a
small sample of total Bitcoin innovation (which is proceeding at
breakneck speed).
Signed,
[1]
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-Decembe011865.html
[2] https://bitcoincore.org/en/2017/03/13/performance-optimizations-1/
[3] http://bluematt.bitcoin.ninja/2016/07/07/relay-networks/
[4] https://bitcoincore.org/en/2016/01/26/segwit-benefits/
[5]
http://lightning.community/release/software/lnd/lightning/2017/05/03/litening/
[6] https://github.com/ACINQ/eclair
[7] https://people.xiph.org/~greg/compacted_txn.txt
[8]
https://github.com/ElementsProject/secp256k1-zkp/blob/d78f12b04ec3d9f5744cd4c51f20951106b9c41a/src/secp256k1.c#L592-L594
[9] https://bitcoincore.org/en/2017/03/23/schnorr-signature-aggregation/
[10] http://www.drivechain.info/
[11] https://bitcoinhardforkresearch.github.io/
[12]
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2017-February/013542.html
==== End of Roadmap Draft ====
In short, please let me know:
  1. If you agree that it would be helpful if the roadmap were updated.
  2. To what extent, if any, you like this draft.
  3. Edits you would make (specifically, I wonder about Drivechain
thoughts and Hard Fork thoughts, particularly how to phrase the Hard
Fork date).
Google Doc (if you're into that kind of thing):
https://docs.google.com/document/d/1gxcUnmYl7yM0oKR9NY9zCPbBbPNocmCq-jjBOQSVH-A/edit?usp=sharing
Cheers,
Paul
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submitted by dev_list_bot to bitcoin_devlist [link] [comments]

Aircoins Partners Mega Thread

Welcome to the Aircoins Partners Mega Thread
Here you will find Important info on our partners such as brief descriptions, Websites, Social Media pages, and exchanges. This list will continue to be updated as we add more partners.
Linda (LINDA)
Lindacoin is a peer to peer hybrid digital currency. It creates utility products that allow Linda to be used in everyday scenarios. It also offers partnership opportunities to other cryptocurrencies to use the Lindacoin platform. As the Linda wallet technology evolves, we strive to simplify the processes of staking or masternode ownership as well as improve your overall wallet experience.
Website
White Paper
Coin Market Cap
Reddit
Twitter
Discord
Telegram
Exchanges:
CoinExchange
Cryptopia
Stocks.Exchange
BTC-Alpha
C-CEX
Graviex
SimpleSwap
Nanex
BitFlip
Action Coin (ACTN)
The Action Ecosystem is designed to be a fully user-incentivized system where all constituent entities function in a manner that ensures optimum value creation for all members of the action community. This represents a paradigm shift in the social media and cryptocurrency landscape that greatly encourages individuals to actively participate in social engineering activities while rewarding them for doing so.
Website
White Paper
Twitter
Telegram
Facebook
Instagram
Exchanges:
Stocks.Exchange
BITSSA
Original Crypto Coin (OCC)
OCC is an easy to use, open source, Ethereum based ERC20 token designed specifically for new crypto enthusiasts. Freely available for use in other crypto projects. Cryptocurrencies can be confusing for people that are new to blockchain technology. Original Crypto Coin (OCC) was designed to be a cost effective and straightforward way for new users to get familiar with basic crypto transactions like transferring and using a wallet. Have your own blockchain project in mind? Instead of generating a new token for your next idea and cluttering up the crypto community with another token, incorporate OCCs into your own apps, games or other cryptocurrency projects.
Website
White Paper
Reddit
Twitter
Telegram
Facebook
Instagram
Youtube
Exchanges:
ForkDelta
Mercatox
BarterDEX
DDEX
Enclaves DEX
Token Jar
Boa Exchange
Ecex
Reddcoin (RDD)
Reddcoin makes digital currency easy for the general public. By integrating a digital currency platform seamlessly with major social networks, sending and receiving tips and micro-transactions are cheap, fast and rewarding for everyone. For Fans: Show support to content creators and the people in your online community by tipping them RDD digital currency they can spend however they like. For Content Creators: Accept Reddcoin on your social media channel as a revenue channel that you can save or spend quick and easily.
Website
Coin Market Cap
Reddit
Twitter
Telegram
Facebook
Exchanges:
Bittrex
ShapeShift
Upbit
Cryptopia
FanFare (FAN)
FAN is an inventive content-sharing ecosystem to connect brands and users easily through consumer-generated shoppable videos using smart contracts and a common currency.
Website
White Paper
Bitcoin Talk
Twitter
Telegram
Facebook
Instagram
Youtube
ICO ends October 31st
Apollo Currency (APL)
Utilizing a community of world-class developers, managers, marketers and researchers, the Apollo community, backed by the Apollo Foundation, has set out to accomplish the goal of making Apollo the most technologically advanced, feature-rich currency on the market. The Apollo Foundation understands the demands of a top tier cryptocurrency and they believe they can create a coin that will integrate everything necessary to replace the current currency options. Having started from NXT, a proven cryptocurrency, the Apollo Foundation will continue development with the goal of being first all-in-one cryptocurrency, innovating and incorporating every ability that could be beneficial in a digital currency, all in a single decentralized platform. The first major update, Olympus Protocol, puts mass adoption-proof privacy at Apollo's core. This is because the Apollo Foundation knows the ability for a user to buy, sell, trade and send in absolute secrecy is vital in an industry that could be moments away from intense regulation. The Apollo team is here because they believe the only person or entity that should be in control of your funds is you.
Website
White Paper
Coin Market Cap
Twitter
Telegram
Facebook
Instagram
Exchanges:
IDAX
CoinBene
Skeincoin (SKC)
Skeincoin is a peer-to-peer version of digital assets maintaining a consensus mechanism based on the SHA3 hashing candidate Skein. Skeincoin has a fast blocktime, which results in faster transaction time and uses a flexible and energy efficient hashing. By following Bitcoin's development all technical features developed for the Bitcoin network are introduced in the Skeincoin network, resulting in almost instant transactions with ultra low costs. The original team merged with new members to form the Skeincoin foundation and reboot Skeincoin, continue the development and take the next steps to utilize Skeincoin's potential. The Skeincoin foundation is now developing the blockchain ecosystem whilst the newly formed legal entity, Skeincoin Ltd -registered at Belarus' High Tech Crypto Park in Minsk - holds responsibility for business planning and contracts.
Website
Coin Market Cap
Twitter
Telegram
Facebook
Youtube
Exchanges:
Cryptopia
PACcoin ($PAC)
Introducing $PAC, a third generation cryptocurrency that is focused on four key factors: Community Charity Content Choice PAC is a community driven successor to Bitcoin, incorporating various improvements such as a two-tier incentivized network, known as the Masternode network. The major aim of $PAC is to become the most efficient and user-friendly cryptocurrency that is available globally. Our network features double-send proof transactions and transaction history that is erasable in terms of receiving funds. $PAC works using the principle of decentralization whilst upholding the belief that our community is the face of the coin.
Website
White Paper
Coin Market Cap
Reddit
Twitter
Discord
Facebook
Youtube
Exchanges:
Cryptopia
Yobit
Sistemkoin
CoinExchange
Crypto-Bridge
Diamond (DMD)
Diamond (DMD) is a digital currency that puts the power back to the people by facilitating transfer of value anywhere in the world instantly, securely and at near zero cost without the need for a centralized trusted third party. This modern age rewarding monetary system with its network protocols, infrastructure and services creates sustainable economic opportunity for all.
Website
Coin Market Cap
Bitcoin Talk
Twitter
Facebook
Exchanges:
Bittrex
Livecoin
Crypto-Bridge
Phoneum (PHM)
Phoneum's mission is to provide equality to all by simplifying the mining process. While the meteoric growth of the cryptocurrency market and increased media buzz was high buzz was high at the end of 2017, mainstream adoption and acceptance of cryptocurrencies has just begun. Phoneum, as an all-in-one solution, is well positioned to address the public's interest. What makes Phoneum unique, is the custom algorithm and blockchain structure that delivers a truly mobile-only mining solution and simplified user interface which does not require technical skills to deploy. Phoneum seamlessly integrates into users daily mobile device usage, enabling them to mine and support the advancement of this disruptive technology while not disrupting the everyday usage of their device. It is a new, scalable model of mining that harnesses the power of ubiquitous smart devices globally, requiring lower energy consumption with significantly less impact on the environment than current cryptocurrency mining models.
Website
White Paper
Bitcoin Talk
Reddit
Twitter
Telegram
Facebook
Instagram
Youtube
ICO ends Sept 30th
HTMLCOIN (HTML)
Htmlcoin is not just a cryptocurrency, but a new, secure blockchain based on Bitcoin Core that integrates Ethereum based smart contracts. It implements an extendable design that can add more virtual machines (VM) than other blockchain platforms. Enabled through an Account Abstraction Layer, the Htmlcoin platform allows an account-based VM to function on a Bitcoin UTXO based blockchain. Htmlcoin is not an ICO. It is an established crypto coin that is expanding to become a blockchain platform for multiple coins, smart contracts, and distributed applications. It is developed, supported, and promoted by the Htmlcoin Foundation, which has not only designed a new blockchain platform based on the best characteristics of Bitcoin and Ethereum, but has expanded it to include the positive attributes of network technology stacks from the likes of QTUM and ARK. Essentially, Htmlcoin is a hybrid of some of the best and most innovative technologies of the crypto world, making it a premier coin and blockchain platform with the potential to become an industry leader.
Website
White Paper
Coin Market Cap
Reddit
Twitter
Telegram
Facebook
Youtube
Exchanges:
Fatbtc
HitBTC
Bleutrade
Trade Satoshi
CoinExchange
Crypto-Bridge
Social Send (SEND)
Social Send is a blockchain project advancing cryptocurrency into social networks. SEND has created a simple and universal integration system with end result user experience in mind. Sending and receiving funds on any social network is now achievable with only a novice level of expertise. It is so easy the user may not even realize they are utilizing blockchain technology. SEND’s goal is to be the catalyst that takes cryptocurrency into the hands of the masses.
Website
White Paper
Coin Market Cap
Bitcoin Talk
Twitter
Discord
Telegram
Facebook
Instagram
Exchanges:
Cryptopia
Crypto-Bridge
Bitcoin W Spectrum
BWS is a community-based project, aiming to address the inherent problems plaguing Bitcoin and other cryptocurrencies. Understanding the importance of anonymity as well as usability, BWS provides a 8MB block size that results in close to instantaneous transaction times.
Website
White Paper
Coin Market Cap
Bitcoin Talk
Twitter
Discord
Telegram
Facebook
Exchanges:
Stocks.Exchange
SouthXchange
Crypto-Bridge
BitCoin ONE (BTCONE)
BitCoin ONE is a community driven project Decentralized meaning no state or company is controlling it, the Ecosystem is based on people helping out in marketing, support & development. We are developing projects with a use case, that be Wallets and Mobile Crypto apps. We have a good set of core values. We even have a pool with 2 million BTCONE / 2 million B1P allocated for charity projects. This is to be distributed to 40 different projects around the globe. Projects that stands out and help local community to benefit from the New Blockchain Era. Further we are social and have an online presence and are also doing Meetups to grow the community. Furthermore team members are attending 5 2018 Blockchain Summits / events. We have hands on what is going on in the scene.
Website
White Paper
Coin Market Cap
Twitter
Telegram
Facebook
Instagram
Exchanges:
Stocks.Exchange
Lamoneda (LMDA)
Lamoneda is coming up with a project to disrupt, revolutionize and sanitize the event ticketing industry by employing the potency of the blockchain and ethereum technology to develop a SmartTicket system for all events held near you. The project is being developed to provide a peer-to-peer, decentralized platform where SmartTickets carry special properties which are meticulous in smart contracts, that are not available on any centralized traditional event management ticket sales system. Our vision at Lamoneda is to excel at providing global platform wherein event ticketing FRAUD is ELIMINATED in its entirety, so that everyone is able to purchase tickets at a fair price, for their choices of events. Lamoneda will be a transparent and accountable event ticketing system that will provide additional benefits to event organizers/hosts, artists, fans etc.
Website
Twitter
Telegram
ICO concluded, Exchanges to be listed.
Lightyears (LYS)
LYS Token is structure for the future of airlines traveling rewarding system that is built on top of the Ethereum block-chain. It will replace conventional purchasing method , By speeding up the process with no middle man fees and advertisement in our develop user friendly application , while at the same time improving airlines customer experience . Lightyears (LYS) Token serve as a utility Token , A reward system for purchasing airline’s tickets. Our platform will rewards users when they purchased tickets thru our platform with a cheaper rate unlike other agent/service . We are on going developing a brand now product for assisting future Blockchain developers and new exchange . Token holder’s able access their LYS Token between various services like transfer of asset through the application , Our future development will have more integration into games, online store and etc. LYS Token will be the future of decentralized peer-to-peer digital Asset with Real-Use Cases.
Website
White Paper
Reddit
Twitter
Facebook
ICO starts September 14th
MAKEAFOLIO (MAF)
The cryptocurrency space can be a scary and intimidating place, especially with the volatility of the market. With this in mind, MAKEAFOLIO, INC. was formed to create an easy, accessible, and educational experience in one convenient location that welcomes users of all experience levels. The goal is to introduce a platform that not only makes acquiring cryptocurrency easy, but also teaches users the skills to help them expand their portfolio and navigate the market more effectively. Common mistakes, such as lack of research and patience, losing Private Keys, sending cryptocurrencies to the wrong address, chasing a “bull-run”, Fear Of Missing Out (FOMO) on an opportunity, and lack of patience can cause newcomers to feel overwhelmed and discouraged. Using the Makeafolio platform will guide each user through specific courses to help avoid such mistakes and make users feel more comfortable about the market.
Website
White Paper
Twitter
Telegram
ICO currently live
Netkoin (NTK)
Netkoin proposes an ecosystem designed to change the way customers perform their shopping and help businesses to advertise and drive customers to their stores. The Netkoin ecosystem includes: Netkoin (NTK) is an ERC20 token based on the Ethereum blockchain. The NTK token will be used to power Netkoin’s universal rewards system on Netkoin’s location based mobile application and business management platform. Netkoin’s location based mobile advertising application aims to make retail shopping relevant and rewarding for customers based on their location. The mobile application will contain numerous features and filters in order to provide the customer with a personalized retail shopping experience, while maintaining the highest level of user’s data security and privacy. Netkoin’s business management platform will be utilized by retail stores to enable business owners to manage their stores advertising on the Netkoin mobile application. Businesses can integrate their store’s social media content, providing them with a single place of advertising their businesses content with shoppers. Therefore reducing content marketing management by the retail business marketing team.
Website
White Paper
Coin Market Cap
Twitter
Telegram
YouTube
Exchanges:
Mercatox
IDEX
Photon (PHO)
Photon is the ultimate"micro payment"currency- In Game coin. It is actively traded, exchanged, distributed and mined. Currently, Photon is a play reward in third party games: We pay for every kill in prevailing games such as Fortnite, PUBG, Battlefield 1, 4 and 5, CSGO, Rust, TF2, Insurgency and Apex Legends. Photon’s primary usecase is the lead of 6 Blakestream coins accepted for payments, upgrades, and used for rewards in our in-house MMO games: BattleGrip and BlakeZone. Photon pays to play!
Website
Coin Market Cap
Twitter
Exchanges
Cryptopia
C-Patex
RPICoin (RPI)
RPICoin is an open source crypto-currency founded in May 2018. Our very first Blockchain was forked from the Blackcoin source focussing on being an Energy efficient Proof of Stake (PoS v3.0) coin. I’m very happy to announce that we will soon upgrade the entire codebase to implement many new features such as: Zerocoin Protocol for additional Privacy, up-to date HD Wallets including Multisig and the ability of using Masternodes next to our current PoS 3.0 mechanism.
Website
White Paper
Coin Market Cap
Twitter
Exchanges:
STEX
Crex24
CryptoBridge
eBoost (EBST)
eBoost is a cryptocurrency that can be used for gamers to trade in game items, sponsor eSports tournaments, as well as integrate into mobile games for in game purchases. eBoost builds a platform that takes the stress out of eSports and allows members from all walks of life to have a single currency to use in eSports. This allows gaming to be seamless, fun, and integrate accountability via blockchain in eSports.
Website
White Paper
Twitter
Telegram
Facebook
Teen Coin (TEEN)
Teen Coin is for fun, games, and is to create knowledge and awareness of cryptocurrency among the teens, and the people of today. It helps people learn about the blockchain without losing tons of money or stressing about the technology. This project is designed for having and creating fun and games while also learning and using blockchain technology as a cryptocurrency.
Website
White Paper
Twitter
Telegram
Vipstar coin (VIPS)
"VIPSTARCOIN (VIPS) is a cryptocurrency originated from a community called 'VIP' in 5channel, the largest Japanese textboards. VIPS is currently being developed by a volunteer programmer and test users. We dev team is targeting for VIPS to be utilized in varied ways as an original cryptocurrency from Japan, setting the final goal for contributing to the society across borders as a convenient method of making donations. We hope VIPS gains popularity in the real society as well as on the Internet community with the strong support of VIPS holders."
website
Coin Market Cap
Bitcointalk
Reddit
Twitter
Discord
Telegram
Facebook
Exchanges
TOPBTC
CoinExchange
CryptoBridge
Ethershift Token (ESH)
Ethershift is a brand new ERC20 token exchange that provides the easiest way to acquire brand new up & coming tokens before the big exchanges list them! Ethershift tokens represent a revenue share of 50% of ALL fees collected by Ethershift. Each quarter that 50% will be airdropped to Ethershift token holders.
Website
White Paper
Bitcointalk
Reddit
Twitter
Telegram
Instagram
MNPCoin (MNP)
MNPCoin is the official cryptocurrency of MasterNodes.Pro. MNPCoin was created in August 2018 by the developers of MasterNodes.Pro to make payments for masternode owners and coin developers safer, easier, and faster. We wanted to create a payment network that would function seamlessly between all affiliated sites to allow users the opportunity to enjoy all of our services without having to deposit MNPCoin onto each site. Since, MNPCoin has grown tremendously and is supported by numerous projects, websites, and even gaming apps.
Website
Coin Market Cap
Twitter
Facebook
Exchanges
Crex24
STEX
Rapids (RPD)
We are a creative agency with a passion for innovation & the design of beautiful creations. We have all envisioned certain aspects of past cryptocurrency projects we would have liked to see come to fruition, and we are applying those underlying philosophies to Rapids. Social Media Networks have become the new medium of personal expression and overall communication. Cryptocurrency and blockchain technology have also enriched our lives by altering the way we transact through online channels. Combining the technologies of social media along with blockchain technology, Rapids aspires to make online transactions even more accessible. With Rapids embedded into social media platforms, we will be able to send and receive payments directly to friends, family, colleagues, companies, and anyone in between. We are currently in the development phase and are expanding daily. Follow us on social media to support our cause and to stay up to date.
Website
Whitepaper
Bitcointalk
Twitter
Discord
Telegram
DarkMatter (DMX)
Moon Marketing is dedicated to bridging the gap between Tron dApps and gamers by utilizing innovative marketing tactics and the DarkMatter($DMX) Gaming Platform.
Twitter
Telegram
Vendit Exchange (VNDT)
Vendit is a new cryptocurrency and exchange platform that connects merchants, vendors, processors, and financial institutions in order to provide the ability to seamlessly trade and process crypto and real world currencies and transactions. VENDIT tokens are ERC20 tokens based off the Ethereum blockchain and are the universal transactional coins for the exchange of cryptocurrencies and real-world currencies. It is the token that drives every transaction and payment on the exchange. We will develop the exchange, APIs, exchange account management app, and payment gateway platform, etc. and bring the adoption of cryptocurrency into the mainstream and become the de facto exchange for cryptocurrencies.
Website
Twitter
Telegram
Youtube
Digibyte (DGB)
DigiByte is a public, rapidly growing and highly decentralized blockchain. DigiBytes are digital assets that cannot be destroyed, counterfeited or hacked, making them ideal for protecting objects of value like currency, information, property or important digital data. DigiBytes can be sent over the DigiByte Blockchain and forever recorded on an immutable public ledger that is decentralized on thousands of computers across the planet.
Website
Coin Market Cap
Reddit
Twitter
Telegram
Facebook
Exchanges
Bitinka
BiteBTC
Bittrex
Sistemkoin
Poloniex
HitBTC
SparkPoint (SRK)
SparkPoint Ecosystem is a decentralized payment gateway with integrated crypto exchanges, blockchain based e-learning, gaming, and online store. With four main functions, people can now settle bills, send and receive money, enrol in various e-courses and e-programs, shop, and entertain themselves in one platform. Not to mention, to earn and be rewarded!
Website
Coin Market Cap
Twitter
Bitcoin Talk
Telegram
Facebook
Exchanges
HotBit
P2PB2B
High Performance Blockchain (HPB)
High Performance Blockchain (HPB) is a revolutionary permissionless blockchain architecture that combines a customized hardware Blockchain Offload Engine (BOE), with high-performance blockchain software. The addition of a hardware based BOE, allows for high transaction speed and extremely low latency.
Despite high-performance, there is no compromise in terms of security and decentralization, as the Node network verifies transactions worldwide and is comprised of a dual election mechanism combining the best aspects of voting and delegation.
As a permissionless blockchain, anyone can deploy smart contracts, contribute data or use the blockchain. It is our goal to enable and empower as many individuals and enterprises worldwide and build HPB’s DApp ecosystem tailored for enterprise applications.
Website
Coin Market Cap
Twitter
Reddit
Telegram
Exchanges
OKEx
Bibox
Bit-z
submitted by salamanderjones1 to Aircoins [link] [comments]

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