faucets - Is there any where to get free testnet Bitcoins
Bitcoin testnet explorer - Bitcoin explorer
Bitcoin Testnet Faucet
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P2P Bitcoin Derivative Trading Through the Blockchain: Equities, Bonds, Forex & Commodities
Research & ideas to use [Veritaseum's UltraCoin](http://ultra-coin.com/) **user programmable Bitcoin swaps** to trade exposures to cryptos, forex, equities, bonds & commodities through 45,000+ global tickers & up to 10,000x price leverage - peer-to-peer. Veritaseum's UltraCoin is a software concern that holds no client funds and is not a financial entity, hence presents you with no counterparty or default risk. [Download the client & tutorials](http://ultra-coin.com/index.php/download-beta)
We could get people to try crypto by having a "Bitcoin Testnet Sale" where participating business offer discounts in exchange for the remainder being paid in freely-available Testnet coins - For example 30% off = 70% in USD + 30% in free Testnet coins at BTC valuation /r/Bitcoin
(if you would like to add information or see mistakes, just comment below and I will credit you) What is Cardano? Cardano is an open source and permissionless "Third Generation" blockchain project being developed by IOHK. Development and research started in 2015, with the 1.0 mainnet launching in 2017. Cardano blockchain is currently being developed into two layers. The first one is the ledger of account values, and the second one is the reason why values are transferred from one account to the other.
Cardano Settlement Layer (CSL) - The CSL acts as the ledger of account or balance ledger. This is an idea created as an improvement of bitcoin blockchain. It uses a proof-of-stake consensus algorithm known as Ouroboros to generate new blocks and confirm transactions.
IOHK has the contract with an undisclosed party to develop the project until the end of 2020, at which point the community may elect another development team - on the assumption that the voting infrastructure has been completed. However CEO Charles Hoskinson has stated that they will develop the project until it is completed, and they are simply financed until the end of 2020. Cardano was the first project built on a peer-reviewed scientific development method, resulting in dozens of research papers produced by IOHK. Among these papers is Ouroboros Genesis, proving that a Proof of Stake protocol can be just as secure as Proof of Work - which was originally developed for Bitcoin, and refined for Ethereum. This PoS protocol considerably lowers the resources cost to maintain network while still maintaining security and network speed. Cardano as a financial infrastructure is not yet completed, With significant development to be rolled out. What were the other two generations of blockchain? Gen 1 was Bitcoin. It exists by itself and talks to nobody but Bitcoin. It is capable of peer to peer transactions without a third party in such a way that you cannot cheat the system. This was a major step forward for the E-cash concept that people have been working on for the 20 years prior. Gen 2 was Ethereum and other smart-contract platforms that allow other coins and platforms to be built on top of their infrastructure. These coins can interact with others on the platform, but cannot interact with other platforms. Meaning it is still not truly interoperable. Most Gen 2 blockchains are also using Proof of Work likes Bitcoin, which effects scaling. Also missing is a built-in method to pay for upgrades and voting mechanics for decision making. Gen 3 blockchains are a complete package designed to replace the current financial infrastructure of the world. Cardano is using Proof of Stake to ensure security and decentralisation(Shelley). Scaling through parallel computation (Hydra in Basho), Sidechains to allow the platform to interact with other platforms (Basho), and also include mechanisms for voting for project funding, changes to the protocol and improvement proposals (Voltaire). Finally smart contracts platform for new and established projects that are developer friendly (Goguen). Who is the team behind Cardano? There are three organisations that are contributing to the development of Cardano. The first is the Cardano Foundation, an objective, non-profit organisation based in Switzerland. Its core responsibilities are to nurture, grow and educate Cardano users and commercial communities, to engage with authorities on regulatory and commercial matters and to act as a blockchain and cryptocurrency standards body. The second entity is IOHK, a leading cryptocurrency research and development company, which holds the contract to develop the platform until 2020. The final business partner is Emurgo, which invests in start-ups and assists commercial ventures to build on the Cardano blockchain. www.Cardano.orgwww.emurgo.iohttps://cardanofoundation.org/en/ What is the difference between Proof of Work and Proof of stake? Both these protocols are known as “consensus protocols” that confirm whether a transaction is valid or invalid without a middleman like Visa or your bank. Every node (active and updated copy of the blockchain) can agree that the transaction did take place legitimately. If more than half validators agree, then the ledger is updated and the transaction is now secured. Proof-of-Work (PoW) happens when a miner is elected to solve an exceptionally difficult math problem and gets credit for adding a verified block to the blockchain. Finding a solution is an arduous guessing game that takes a considerable amount of computing power to compete for the correct answer. It is like “pick a number between 1 and one trillion” and when you get it right, you get $30,000 in Bitcoin, so the more computers you have working on it, the faster you can solve it. Also the more people who are trying to solve the same block, the harder the algorithm, so it may become 1 in 20 trillion. The downside is the massive amounts of power required to run the computers that run the network, and the slow pace that blocks are solved. To “Hack” a PoW system, you need 51% of the computing power, which would allow you to deny transactions, or spend the same coin twice. At the moment there are 8 main mining operations for bitcoin, and 4 of them make up more that 51% of the mining power. PoS instead selects a coin at random that already exists, and the person who owns that coin is elected to put the work in to validate the block. This means there is no contest and no guessing game. Some computer power is required, but only a fraction of a PoW system. The complex nature of selecting a coin that exists on the correct and longest chain and is owned by someone who can complete the block, AND in such a way that it is secure AND that computer currently running AND that person also having an incentive to complete the work, has made the development of PoS very slow. However only a few years ago it wasn’t even possible. In this method, the more of the coin (ADA) you stake, the more likely you are to be selected to close a block. Cardano also allows you to delegate your stake to someone else to validate the block so they do the work, and you share in the reward for doing so. To “hack” a PoS blockchain you need to own 51% of the tokens, which is significantly harder than owning 51% of the computing power. What is ADA and how is it different to Cardano? Cardano is the name of the network infrastructure, and can be thought of like a rail network. ADA is the native token that has been developed alongside Cardano to facilitate the network operation. This helps confusion and maintains distinction, compared to Ethereum being the native token of Ethereum. Similar to bitcoin or any other token, ADA can be sent peer to peer as payment, but is also the reward for running the network, and what is taken as transaction fees. In this metaphor “Cardano” is the train tracks, that everything runs on. A stake pool would be the locomotive, facilitating transactions on the network while ADA is the coal that powers the locomotive. The train carriages are Decentralised applications (Dapps) that are also running on cardano tracks, but are not actively powering the network. What is staking Cardano is a Proof of Stake protocol, and uses already existing coins like a marker to ensure security. The protocol chooses a coin at random and the owner of that coin is elected to validate a block of transactions. Staking is the process of adding your ADA coins to a Pool that has the resources to run the network. If the pool you have chosen to "delegate" your stake to is chosen to close/validate a block, then you get a portion of the rewards. The ADA never leaves your wallet, and you can "undelegate" whenever you like. this increases stability of the network and also gives an incentive to pool operators to invest the time and hardware required to run a pool. What is a stake-pool and how does it work?Cardano.org FAQ on the issue goes into much more detail A stake pool is where the computing power of the network takes place. During ITN there was 1200 registered stake pools while 300 were creating blocks. You can manage your own stake-pool or delegate your ADA to an already registered pool. Rewards are determined by the protocol, however the pool may elect to charge fee Percentages, or flat rate fee to upkeep their pool. Can I Stake my ADA right now? The staking testnet has closed, If you participated in the Incentivised Test Net and earned rewards, instructions to check the balance are here. However if you have just purchased some or it was held on an exchange, then you will need to wait until the Shelley mainnet launch happening at the end of July 2020. Where do I stake my ADA? Daedalus Flight wallet, and Yoroi Wallet (as a chrome extension) are the current best options. Adalite and several other third-party wallets also exist. Coinbase will also allow staking as a custodial service, and many exchanges may offer “staking as a service” so you can leave your coins on the exchange and still earn rewards if you enjoy trading. I do not recommend leaving coins on an exchange unless you are actively trading. What are the staking rewards now and what can I expect on a return in the future? The Incentivised Test Net (ITN) Delivered 10%-15%pa returns on average. The future of staking will most likely be lower, but will depend on the amount of ADA staked across the network and the amount of network traffic. Check https://staking.cardano.org/en/calculato for a clearer picture. what is a Pledge? To stop one person operating many pools, the rewards that a pool earns will vary depending on the amount of personal ADA they “pledge” to open the pool. This means that 50 pools with a 1,00ADA pledge each will be overall less profitable than 1-2 pool with the max ADA pledge (unknown but likely around 300k). Even if the 50 pools have the same over stake delegated by other users and have a better chance of being selected to close a block, the 50 pools may receive lower rewards.. (at least that is the theory) Who is IOHK? IOHK is a for-profit software engineering company founded by CEO Charles Hoskinson and Jeremy Wood in 2015 that has taken a scientific approach to the development of blockchain. IOHK started with “first principles” and looked at questions like “what is a blockchain” and “what should a blockchain be able to do” rather than accepting the established paradigm of Bitcoin and Ethereum. IOHK was originally Input Output Hong Kong, but is now Input Output Global and is based in Wyoming USA employing over 230 staff. IOHK has established research labs in several universities in order to complete the Cardano project, and is also developing Ethereum Classic, Atala, Mantis and possibly other Blockchain related programs and infrastructure. Who is Charles? Charles Hoskinson is an early adopter of cryptocurrencies, American entrepreneur and cryptocurrency specialist. Charles Co-founded Ethereum with Vitalik Buterin and 5-8 others, However he only worked on that project for approximately six-months. Charles is now the CEO of IOHK and the director of The Bitcoin Education Project. Why isn’t ADA on coinbase? Cardano and coinbase have recently connected in a big way. With IOHK turning over all their ADA to the custodial services of Coinbase. This means that Cardano and Coinbase have been working together for some time and there is a strong partnership forming. Staking and cold storage will be available and trading on Coinbase will most likely become available after the release of Shelley (although no official word yet) Why Doesn’t Cardano have a Wikipedia Page? Wikipedia has strict guidelines on what can be turned into an article. As there has been no coverage of Cardano from mainstream media or “noteworthy” sources, there is no article yet. Wikipedia will also not accept sources from IOHK as they are not considered “reliable” and must come from a third party. This will most likely change soon. Cardano does have a dedicated community driven wiki https://cardanowiki.info/wiki/Home What is Atala and why do I care?* Atala is a suite of services being developed on top of the cardano blockchain by IOHK that focusses on credential certification, for things like education, work history and degrees (Atala Prism). Product counterfeiting protection through registering products on a blockchain and create taper-proof provenance. This does not only apply to Gucci handbags, but also medication, art, and anything that can be counterfeited (Atala Scan). As well as supply chain tracking to see issues and inefficiencies with greater transparency(Atala Trace). Im new, how much is a good investment? Cardano is still a speculative market and although there is amazing potential here, it is still only potential. When investing in any High risk market like Crypto, only every invest what you are willing to lose. Cardano may be testing the 10c barrier now. But in March it dumped to 1.7c. And if you suddenly need your money back during the dump then you are out of luck. Do your research before you FOMO in. Start with a small amount and send it between wallets and exchanges to understand how the system works. Store your private keys offline (or online cloud service but encrypted) with a method that is unlikely to be damaged AND have multiple copies. So in the case of a house fire or a blow to the head, or the cloud service being shutdown/destroyed, you do not lose your money. Timelines https://roadmap.cardano.org/en/ Shelley Decentralisation rollout and news Goguen smart contract rollout Voltaire Voting mechanics – no official roll out timeline (though promised for 2020) Basho scaling and sidechains – no official roll out time line (most likely 2021)
EOS is highly undervalued because there was so much FUD
Because so much FUD has been produced in the last year (including by coindesk), the price of EOS has dropped quite a bit against other coins like Ethereum. But the technology, the developers and the community are still growing in secret. The community is just waiting for the big breakthrough to come. Very good Collection against EOS FUD: eosbasecamp . com A lot of people are saying the network is congested, but it is working as designed. You can rent EOS on REX very cheap. Much cheaper than ETH gas fees. Or you just use a wallet like anchor from Greymass and you can continue with free transactions (as designed the big players offers free transactions for their users). BP's were never and are not a chinese cartel. There are a lot of big players competing against each other. The government is improving with token holders and big proxies starting to set criterias for the Block Producers. In fact the block producers developed a Framework for exchanges, so the users can vote if they have their token on a exchange: medium . com/@generEOS/open-source-exchange-voting-portal-ede575090ee3 BlockProducers have a contract to perform. If one miss too much blocks, he can get temporarily removed from 15 out of 21 BP's. BP's and block one working together to improve the IT infrastructure for EOS regularly. Just check the huge improvement in the last 6 month with the EOS benchmark: alohaeos . com/tools/benchmarks#networkId=1&timeframeId=12 Block one is continuously developing EOSIO Software. With EOS 2.0 the network is able to process around 10'000 tx/s (Proved on the testnet). EOS 3.0 is in development. With eosio.evm (Ethereum virtual machine) there is now a possibility for Ethereum developers to take advantage of the speed from EOS. BOSIBC just created interblockchain communications between the EOSIO chains. Dan is working on IBC as well with 4 chains (private EOSIO chains interacting with the EOS mainchain). With Voice coming out this summer, there will come out as well a KYC method/solution with face ID without the need for government documents. There are several promising products who start the DeFi development on EOS. Interview with Yves La Rose June 2020: esatoshi . club/satoshi-club-x-eos-ama-recap-from-june-8 And with the DAPP Network you can do unlimited scaling with childchains and sharding (Yes this îs already a working product!), develop/connect with any or multiple blockchains, universal account - one user account for all blockchains you want to use, maximal affordable decentralized storage, decentralized and trustless oracle similar to chainlink, but without needing a separate blockchain and with never seen low latency, easily create scheduled tasks and timers, boundless computational power, Easily implement randomness without resorting to vulnerable, complex, or expensive methods… As a developer with DAPP Network you can do whatever you want and whatever you need and connect anything with everything. There was just so much FUD about EOS and everybody fell for it! I think that whoever started the EOS FUD is just scared like shit, that EOS actually delivers what they promised! Everybody who is a little bit smart understand the potential from EOSIO and DAPP Network. EOS is now there, where Ethereum will be in 5 years. And no, there are not only Gambling Dapps on EOS: everypedia . org: everyone’s decentralized encyclopedia peos . one: private & untraceable transactions on EOS (Monero tech combined with the speed from EOS) eosdt . com: over-collateralized stable coin (like MAKER) vigor . ai: world's first multi-collateral insured token protocol available everywhere chintai . io: issuance and management and secondary trading of tokenized securities eosoptions . com: low latency on-chain options platform prediqt.everipedia . org: prediction market protocol and #DeFi platform acueos . io: decentralized moneymarket protocol for lenders and borrowers pizza . live: PIZZA-USDE generate USDE stablecoin, decentralized financial ecosystem liquidapps . io and dappsolutions . app: DAPP Network with LiquidOracles, LiquidChain (childchains and sharding), LiquidX (Connect any blockchain), vRam, vCPU, universalAccounts, LiquidScheduler, LiquidRandomness newdex . io: the world's leading decentralized exchange eosfinex . com: A high-performance exchange built on EOSIO dexeos . io: EOS-based Decentralized Exchange ive . one: global investment & issuing platform for digital assets dgoods . org: A digital, distributed, open standard for virtual items on blockchain sense . chat: Messenger built to communicate, organize, and reward your communities and friends wordproof . io: wordpress plugin to protect website content joinseeds . com: ecosystem to empower humanity and heal our planet emanate . live: instantly rewards artists and music lovers for their creative expression travala . com/payment/eosio-eos: Book Hotels and Accommodations, Worldwide marketcap . one: EOS Pricefeeds gallery . pixeos. art: International Marketplace for Collecting Art prospectors . io: exciting strategy game on EOS and WAX (IBC connected) gives players endless opportunities to earn crypto darkcountry . io: NFT Card Game with export functions to all possible blockchains turncoatgalaxies . com: Turncoat Galaxies Strategy game blankos . com: Huuuge Mythical NFT Game voice . com: freedom of Speech. where truth has a voice effect . ai: earn with the perfect combination of human and machine Piña: eoslongisland . com/pina : is a restaurant review, rate reward app Lifebank: youtube . com/watch?v=tgbZWs5vE5s : blood donation app Fabblink: youtube . com/watch?v=AynFqe7GBAw : enable transparent, secure and reliable distributed automated manufacturing Qure: devpost . com/software/qure-d3ihje : economic virtual meetup community Kyros: youtube . com/watch?v=TwVbfJNvvGA : certificates Hub transledger . io: Move Bitcoin, Litecoin or Bitcoincash to faster networks (EOS) For sure I forgot some and a lot more will follow for sure... vc . eos . io: PartneInvestments and Grants Overview from EOS VC and partners Galaxy Digital, EOS Global, SVK Crypto and FinLab And EOS VC Grants Program continues investing in projects (today 34 companies) who use EOSIO software which will all benefit EOS in some ways: eos . io/news/blockone-announces-eos-vc-grants-recipients and other investments to grow the EOSIO ecosystem: Gapless receives 5.5 million euros after support from the FinLab EOS VC Fund and Porsche AG, Expects 100,000 Listed Vehicles by EOY: chainbulletin . com/car-app-gapless-holds-successful-funding-round-expects-100000-listed-vehicles-by-eoy/ Major U.S. accounting firm Grant Thornton has announced a new platform for its clients to handle their intercompany transactions using the EOSIO blockchain. By doing this, they capture a small slice of an area worth $40 trillion annually: cointelegraph . com/news/grant-thornton-moves-intercompany-transactions-to-eosio sparrowexchange . com Singapure based options trading platform. Stefan Schuetze, Managing Director of FinLab EOS VC Fund, said, "We are excited to invest in Sparrow, which is developing the next generation of financial products by leveraging EOSIO for their on-chain settlement layer." prnewswire . co.uk/news-releases/sparrow-raises-usd-3-5-mil-in-series-a-funding-874437988.html
Three suggestions for better boundaries between Monero and Tari
I write this as a multi-year Monero contributor to the subreddit, the CCS, and minor commits to both the CLI and GUI. However, my Reddit account is newish since I regularly delete my Reddit account every six months or so out of privacy concerns, so let my words in this post act as proof of my grasp of Monero and our community's values. I have been increasingly confused by how intermingled the goals of Monero have become with Tari. Naturally, I could care less if someone wants to merge-mine with Monero. But last week we had dEBRUYNE, longtime excellent mod of this subreddit, break the subreddit's own rules to announce Tari's testnet. So naturally it feels like the Monero community is being invited to align itself with Tari, both alongside Tari's development and its eventual goals. Yet I don't feel like the Monero community is fully aware of how this conflation has the potential to degrade the purity of our community, so that's why I am writing this post today. On the one hand you have Monero, perhaps the only pure cryptocurrency project left in the entire space. Bitcoin development has declined to a crawl. Yes, regular commits to its code happen all the time, but fundamentally they have become a traceable surveillance coin, and make no major efforts to change this. Greg Maxwell's Confidential Transactions are just sitting there on the shelf, waiting to be implemented. It's sad, really. Thankfully, there is us. There is Monero. We have all of the benefits of Bitcoin in that we were fairly launched (no premine, founder's share, etc), are decentralized, PoW, and open source. Further our culture reflects the culture of Bitcoin's origins. There is no price talk in Monero. No memes. (Bitcoin's subreddit is overwhelmed with price memes, a harbinger of a dying coin.) Indeed, Monero's community is first passionate about the technology inside it. Some of the most upvoted posts in this sub are actual gd pull requests. So wonderful. I think back to how painfully long it took us to complete the GUI. So many of us were so focused on getting the CLI right that the GUI was delayed for (I think) almost two years. There are precious few coins like that these days. Namecoin is a wonderful exception. Jeremy Rand's recent presentation on how Namecoin has been implented in the Tor-browser is perhaps the most exciting news in cryptoland all year. Unlike 95% of the burning crypto dumpster fire, people may soon actually use Namecoin, typing something like Monero.bit instead of a long difficult aasldkfasdlkfjadlkfj.onion address. And then you have everybody else. 95% of the crypto garbage out there is fundamentally useless if not a straight up scam. Most of the stuff falls into 2 different camps of crap: (Crap 1) useless slick coins with massive marketing budgets, and (Crap 2) reskinned forks. 95% of the garbage out there cares first and foremost about how it appears on the surface, because: the first goal for most cryptos is not making something useful, it's making money. You can have a coin like Dash that "innovates" a PoW by stringing a bunch of hash functions together to make it's X11 algo, but since the wallet software itself impresses people, they don't care. Who cares if there is fundamental collision potential in X11 that could break the coin in a single block? Everything looks sliiick. In short, you can tell if a cryptocurrency is healthy or not if its first goal is making money or making something useful. Thankfully Tari does not seem to be as bad as 95% of the stuff out there. A cursory glance at their repo makes it seem like Fluffypony found talented devs who know their stuff. Further, I think the idea of merge-mining alongside Monero is quite smart. I am a huge fan of Tevador and hyc and the work they did on RandomX, so anything that champions their creation is welcome to me! My hope is we have dozens of merge-mined RandomX coins in the coming decades. Our hash rate will only increase, and the security of our chain will improve. Furthermore, I think Fluffypony himself is a guy with a lot of integrity, so I actually feel a degree of trust towards Tari that I wouldn't naturally feel. The issue is Tari's goals. I say this dispassionately: I am uncertain if Tari's central goal is to make something useful or to make money. Here's an article in Blockchain News announcing Tari. In it, they describe what Tari's software will hopefully do:
in our digital world, these restrictions are unduly limiting for both businesses and consumers, making it costly, difficult, or impossible for digital assets to be resold or transferred,” the announcement stated. “For businesses, this means missing out on the tens of billions of dollars generated each year from secondary resale and trading of the digital goods they issue. For consumers, this means never having true ownership of their digital assets, despite having earned or paid for them.”
Sounds ok. Who wouldn't want the ability to trade scarce digital assets with programmed rules? I certainly would. However, farther down the page you have this:
... those involved with the project include John Pleasants, the former CEO of Ticketmaster and the venture firms Redpoint, Trinity Ventures, Canaan Partners, Slow Ventures, Aspect Ventures, DRW Ventures, Blockchain Capital, Pantera, and Multicoin Capital.
Here is where things get a little hairy, and why I am nervous about the pump-culture of crypto leaking into the tech-culture of Monero. Redpoint is a backer of the scammy gambling website Draft Kings. Blockchain Capital is a backer of Coinbase and Ripple. Pantera put up some of the cash that made ZCash happen. I don't know about you, but it makes me squirm a bit to see Tari's logo alongside ZCash and Ripple. Naturally, the terms of their VC investments are somewhere in black and white, yet there is nothing anywhere on the Tari website about the emission schedule of the coin. In fact, unlike most VC backed crypto out there, Tari doesn't even list their investors. They used to list it in their FAQ as seen on archive.org, but have since removed it. Monero is one of the most hopeful things in the world right now, and it has this special status for me because it cares first and foremost about the technology it is innovating. Decentralized private open-sourced cash. It's an incredible wonderful future that we're all making together. Nothing like Monero has ever existed. But it is more fragile than people realize. It can be slowly killed. This community can eventually become like Bitcoin, stuck in price-memes, if the culture gets sucked away from technology and into profit making. Is it possible for Tari to accept VC money and be solely focused on the technology of a product? Theoretically, yes. But it's not easy. I've had to work with a few small Silicon Valley companies who also accepted VC cash, and returns to their shareholders were a constant source of pressure on them. Will it be for Tari? Monero needed many years to be awkward and small in order to strengthen itself to be the sizable functional coin it is today. Does Tari have this same patience, or will the VCs need payouts sooner than that? If Fluffypony's main goal in Tari is to help people trade digital assets then why didn't he simply launch Tari like Monero, free and open source (FOSS)? Namecoin is FOSS and merge-mined; it has no VC backers. As a worst-case scenario, how long will it be before Tari is "given back to the community", as so many VC-inspired coins have done? Dead code repos all over the corners of cryptoland, discarded after the venture capital firms dumped their premine and took off. There are a lot of unanswered questions here. In closing, I have three suggestions:
Fluffypony should publish the emission schedule as soon as he can, so Tari’s fans can know if there is a premine/founders-share/etc. And perhaps be transparent about how their venture capital investors are being compensated.
People here should think critically before they get involved Tari. It has a different ethos than Monero.
Despite the Fluffypony connection, Rule #4 should be enforced, disallowing posts promoting merge-mined coins like Tari from this forum. If Tari is allowed in this forum, we need our moderators to be honest about whether or not they are investors in Tari and have a conflict of interest. That said, most mods are anonymous, so it's actually impossible to enforce this disclosure. So I guess just enforce Rule #4.
The following questions were asked in our Telegram:t.me/ptokens Q: What is the use case for pBTC tokens? A: pBTC and other pTokens (pLTC, pEOS, etc) ensure that DApps can be accessible to anyone using cryptocurrencies, without them having to sell their Bitcoin, LItecoin, EOS, or any blockchain asset that they hold. With the pTokens DApp, you can deposit your bitcoin and mint pBTC to enable portability to Ethereum and EOS blockchains. This allows you to explore new DApps and DeFi opportunities outside of the Bitcoin blockchain without selling your underlying BTC asset. With pBTC you can:
Earn interest by staking in the Bancor liquidity pool, as outlined here.
Q: What is Crosschain? A: Crosschain is a term indicating that multiple blockchains are connected and interoperable. Q: Can I exchange pBTC for WBTC? A: Yes you can swap for WBTC directly through the Eidoo wallet or with Kyber Network. Or to move from Bitcoin to WBTC, you can utilize pBTC. First, swap BTC for pBTC via the pTokens DApp. Then swap pBTC for WBTC on Uniswap, utilizing the pBTC/WBTC liquidity pool, or through Kyber Network. Q: Let's say I can get 6% interest over my pBTC in a DeFi project – how does it work when I redeem my BTC? A: If you peg-in 1 BTC in pTokens, 1 pBTC is minted. Suppose that after one year you earn 6% on your pBTC and want to redeem your underlying asset. You will peg-out 1.06 pBTC and you will receive 1.06 BTC. Q: What are the contract addresses of pBTC? A: pBTC on ETH: https://etherscan.io/token/0x5228a22e72ccc52d415ecfd199f99d0665e7733b pBTC EOS: https://bloks.io/account/btc.ptokens Q: What projects have integrated pTokens? A: We’ve integrated with a range of liquidity providers, DEXs, and frameworks such as dMEX, Loopring, Kyber Network, Bancor, and Equilibrium. There’s also support for pBTC on popular DEX aggregators like 1inchExchange, Dex.ag, and Paraswap, as well as on wallets like Argent, MyEtherWallet, Trust Wallet, and Eidoo. You can find our full (and growing) list of integrations at: ptokens.io/integrations Q: Do you have any new pTokens bridges planned? Which are live now? A: pBTC is currently on mainnet, both on Ethereum and EOS. And on testnet, pTokens currently has pLTC on ETH and pEOS on ETH. We are working on a few more pTokens bridges that will be released in the coming months, but going forward the pNetwork DAO will decide which pTokens assets and bridges are implemented. You can see our planned assets here under “assets supported.” Q: What phase is pTokens in, and when will it start the next phase? A:p.Network is currently in phase 0 of its progressive decentralization roadmap. This means that pTokens are currently running on a single enclave, trust minimized, while future phases will be decentralized and trustless. The pNetwork DAO will launch in the coming weeks, and Phase1 will launch in Q3. For more on the pNetwork roadmap, visit: https://p.network/project#roadmap Q: Is there any concern for vulnerabilities with the use of a TEE given the history of SGX? A: In our current phase0, we are not decentralized, but are utilizing a stronger-than-SGX TEE (strongbox). In phase1, we’ll be using multiTEE (no point of failure in a single tee)+MPC. Q: Are there any minting fees? A: In our current phase0, there are no peg-in/-out fees, as we subsidize the cost. In phase1 the fee will be chosen by the DAO and enforced by validators (the fee will be distributed among them as a reward for their work). At that point you can expect the fee to be similar to the ones applied by competing projects, which is normally between 0.1 and 0.2% (conceptually similar to the "trading fee" being applied by exchanges). Q: Why are two pTokens BTC listed on Crossmarketcap? (11 e 13)? A: Crossmarketcap shows data for several chains so they show two pBTC tokens: pBTC-on-eth and pBTC-on-eos. Q: What is the difference between pTokens.io and p.Network? A:pTokens.io is the project to unchain assets by creating 1:1 pTokenized assets (like pBTC) to move liquidity from one blockchain to another. It's integrated into various DeFi DApps and platforms across multiple blockchains. p.Network is the governance layer that supports and secures pTokens, and other projects, via a network of validators and a DAO. Q: What is PNT? What happened to EDO? A: The pNetwork Token (PNT) is the governance token for the upcoming p.Network, the decentralized network powering pTokens. Thanks to a collaborative effort between Eidoo and pTokens, the EDO token was upgraded and effectively transformed into PNT on June 18. On this day, EDO holders received an equal amount of PNT tokens in their Ethereum wallets, with leading exchanges listing PNT. EDO is no longer supported, as the value and utility of EDO was transferred to PNT. As a governance token, PNT will be used for staking, voting and earning interest within the p.Network. PNT is available on a growing list of exchanges, including: Binance, Bitfinex, HitBTC, Kyber Network and Loopring. For more on the token upgrade, visit: https://medium.com/provable/introducing-the-pnetwork-pnt-2354f7ab06f Q: What is the reason behind burning 28 million+ edo? A: This is a step to reduce company held tokens so ownership is spread more equitably to the community when we move to the introduction of a community-governed DAO system. Q: How much PNT does the team have now? A: The team has 13M PNT locked, they unlock after 1 and 2 years. The token economy is outlined in the pNetwork deck on p.network/learn. Q: Is there a public audit report? A: The audit report for pBTC on ETH is available here. And the audit report for pBTC on EOS is here. Q: Will the burning of PNT occur, similar to EDO burning for the Eidoo core services? A: Yes. PNT extends the EDO token economy with p.Network so all Eidoo core services will continue as planned. Currently, 5M tokens are locked because of the previous Eidoo staking initiatives and burning happens on a daily basis (edo.watch). Q:What is the contract address of PNT? Where can I find the total supply and circulating supply? A: The contract addresses for PNT is: https://etherscan.io/address/0x89Ab32156e46F46D02ade3FEcbe5Fc4243B9AAeD The total supply is approx 59.65M EDO: https://etherscan.io/token/0xced4e93198734ddaff8492d525bd258d49eb388e The circulating supply is approximately 34M EDO as described on page #22 in our deck. For more on the circulating supply, visit: https://www.coingecko.com/en/coins/pnetwork Q: I see another project on Coingecko with PNT called Penta network – What is it? A: We are not associated with Penta. Please be mindful to check the full name of the asset before interacting with it. For example, on HitBTC, Penta is listed as PNT, and pNetwork Token is listed as XPNT, but this is the only exchange where this occurs. Q: Is PNT listed on any exchanges? A: PNT is available on a growing list of exchanges, including: Binance, Bitfinex, HitBTC, Kyber Network and Loopring. We will continue to update our blog as more are added. Coingecko also reports the exchanges where the trading of the pNetwork Token is active: https://www.coingecko.com/en/coins/pnetwork#markets. Q: Why is PNT not supported on OKex? A: Given the very small number of EDO tokens deposited on OKex we have decided not to list PNT there. Q: What is the minimum amount of PNT required to stake A: No minimum is required. Q: How much is required to run a node? A: Validators must stake 200k PNT. As an incentive, they would be able to earn 63% interest over two years - 42% the first year, and 21% the second. The pNetwork litepaper goes into more details on validators, PNT and token economics. Q: How can you guarantee those interest rates? A: They will be guaranteed by an inflation mechanism. The supply of PNT is just below 60 million tokens after launch. During the first stages of the pNetwork, an economic incentive is also introduced to the system to encourage users to actively participate within the DAO. In these first two years, all those who stake PNT will see their tokens grow with an overall interest rate of 63% over two years. Up to 28,350,000 PNT tokens are dedicated to this initiative, which are generated through an inflation mechanism. Q: Where can I find community questions from the previous months? May 2020 April 2020 March 2020
[ 🔴 DELETED 🔴 ] Topic originally posted in Bitcoin by btcDappper [link] Hello, can anyone please spare any testnet coins? I’d be very grateful if anyone can send some my way - I’m helping to test an app that is about to go live soon, but we specifically need a decent number of coins because we need to test specific denominations (which we combine in app to create any denomination, like normal coins IRL). We can’t really get around testing with smaller denominations. 10 tBTC would help out massively. 2N26VJvCDkXECbPVF7zcp73umV5HjVMy4cz I've tried all faucets but they just don’t work for the amount required for our testing. Thanks a lot btcDappper your post has been copied because one or more comments in this topic have been removed. This copy will preserve unmoderated topic. If you would like to opt-out, please PM me.
Dieter Fishbein, Ecosystem Development Lead, Web3 Foundation
Dan: Hey everyone, thanks for joining us for the Polkadot Launch AMA. We have Dieter Fishbein (Head of Ecosystem Development, our business development team), Logan Saether (Technical Education), and Will Pankiewicz (Master of Validators) joining us today. We had some great questions submitted in advance, and we’ll start by answering those and learning a bit about each of our guests. After we go through the pre-submitted questions, then we’ll open up the chat to live Q&A and the hosts will answer as many questions as they can. We’ll start off with Dieter and ask him a set of some business-related questions.
Dieter could you introduce yourself, your background, and your role within the Polkadot ecosystem?
Dieter: I got my start in the space as a cryptography researcher at the University of Waterloo. This is where I first learned about Bitcoin and started following the space. I spent the next four years or so on the investment team for a large asset manager where I primarily focused on emerging markets. In 2017 I decided to take the plunge and join the space full-time. I worked at a small blockchain-focused VC fund and then joined the Polkadot team just over a year ago. My role at Polkadot is mainly focused on ensuring there is a vibrant community of projects building on our technology.
Q: Adoption of Polkadot of the important factors that all projects need to focus on to become more attractive to the industry. So, what is Polkadot's plan to gain more Adoption? [sic]
A (Dieter): Polkadot is fundamentally a developer-focused product so much of our adoption strategy is focused around making Polkadot an attractive product for developers. This has many elements. Right now the path for most developers to build on Polkadot is by creating a blockchain using the Substrate framework which they will later connect to Polkadot when parachains are enabled. This means that much of our adoption strategy comes down to making Substrate an attractive tool and framework. However, it’s not just enough to make building on Substrate attractive, we must also provide an incentive to these developers to actually connect their Substrate-based chain to Polkadot. Part of this incentive is the security that the Polkadot relay chain provides but another key incentive is becoming interoperable with a rich ecosystem of other projects that connect to Polkadot. This means that a key part of our adoption strategy is outreach focused. We go out there and try to convince the best projects in the space that building on our technology will provide them with significant value-add. This is not a purely technical argument. We provide significant support to projects building in our ecosystem through grants, technical support, incubatoaccelerator programs and other structured support programs such as the Substrate Builders Program (https://www.substrate.io/builders-program). I do think we really stand out in the significant, continued support that we provide to builders in our ecosystem. You can also take a look at the over 100 Grants that we’ve given from the Web3 Foundation: https://medium.com/web3foundation/web3-foundation-grants-program-reaches-100-projects-milestone-8fd2a775fd6b
Q: On moving forward through your roadmap, what are your most important next priorities? Does the Polkadot team have enough fundamentals (Funds, Community, etc.) to achieve those milestones?
A (Dieter): I would say the top priority by far is to ensure a smooth roll-out of key Polkadot features such as parachains, XCMP and other key parts of the protocol. Our recent Proof of Authority network launch was only just the beginning, it’s crucial that we carefully and successfully deploy features that allow builders to build meaningful technology. Second to that, we want to promote adoption by making more teams aware of Polkadot and how they can leverage it to build their product. Part of this comes down to the outreach that I discussed before but a major part of it is much more community-driven and many members of the team focus on this. We are also blessed to have an awesome community to make this process easier 🙂
Q: Where can a list of Polkadot's application-specific chains can be found?
A (Dieter): The best list right now is http://www.polkaproject.com/. This is a community-led effort and the team behind it has done a terrific job. We’re also working on providing our own resource for this and we’ll share that with the community when it’s ready.
Q: Could you explain the differences and similarities between Kusama and Polkadot?
A (Dieter): Kusama is fundamentally a less robust, faster-moving version of Polkadot with less economic backing by validators. It is less robust since we will be deploying new technology to Kusama before Polkadot so it may break more frequently. It has less economic backing than Polkadot, so a network takeover is easier on Kusama than on Polkadot, lending itself more to use cases without the need for bank-like security. In exchange for lower security and robustness, we expect the cost of a parachain lease to be lower on Kusama than Polkadot. Polkadot will always be 100% focused on security and robustness and I expect that applications that deal with high-value transactions such as those in the DeFi space will always want a Polkadot deployment, I think there will be a market for applications that are willing to trade cheap, high throughput for lower security and robustness such as those in the gaming, content distribution or social networking sectors. Check out - https://polkadot.network/kusama-polkadot-comparing-the-cousins/ for more detailed info!
Q: and for what reasons would a developer choose one over the other?
A (Dieter): Firstly, I see some earlier stage teams who are still iterating on their technology choosing to deploy to Kusama exclusively because of its lower-stakes, faster moving environment where it will be easier for them to iterate on their technology and build their user base. These will likely encompass the above sectors I identified earlier. To these teams, Polkadot becomes an eventual upgrade path for them if, and when, they are able to perfect their product, build a larger community of users and start to need the increased stability and security that Polkadot will provide. Secondly, I suspect many teams who have their main deployment on Polkadot will also have an additional deployment on Kusama to allow them to test new features, either their tech or changes to the network, before these are deployed to Polkadot mainnet.
Logan Saether, Technical Education, Web3 Foundation
Q: Sweet, let's move over to Logan. Logan - could you introduce yourself, your background, and your role within the Polkadot ecosystem?
A (Logan): My initial involvement in the industry was as a smart contract engineer. During this time I worked on a few projects, including a reboot of the Ethereum Alarm Clock project originally by Piper Merriam. However, I had some frustrations at the time with the limitations of the EVM environment and began to look at other tools which could help me build the projects that I envisioned. This led to me looking at Substrate and completing a bounty for Web3 Foundation, after which I applied and joined the Technical Education team. My responsibilities at the Technical Education team include maintaining the Polkadot Wiki as a source of truth on the Polkadot ecosystem, creating example applications, writing technical documentation, giving talks and workshops, as well as helping initiatives such as the Thousand Validator Programme.
Q: The first technical question submitted for you was: "When will an official Polkadot mobile wallet appear?"
A (Logan): There is already an “official” wallet from Parity Technologies called the Parity Signer. Parity Signer allows you to keep your private keys on an air-gapped mobile device and to interactively sign messages using web interfaces such as Polkadot JS Apps. If you’re looking for something that is more of an interface to the blockchain as well as a wallet, you might be interested in PolkaWallet which is a community team that is building a full mobile interface for Polkadot. For more information on Parity Signer check out the website: https://www.parity.io/signe
Q: Great thanks...our next question is: If someone already developed an application to run on Ethereum, but wants the interoperability that Polkadot will offer, are there any advantages to rebuilding with Substrate to run as a parachain on the Polkadot network instead of just keeping it on Ethereum and using the Ethereum bridge for use with Polkadot?
A (Logan): Yes, the advantage you would get from building on Substrate is more control over how your application will interact with the greater Polkadot ecosystem, as well as a larger design canvas for future iterations of your application. Using an Ethereum bridge will probably have more cross chain latency than using a Polkadot parachain directly. The reason for this is due to the nature of Ethereum’s separate consensus protocol from Polkadot. For parachains, messages can be sent to be included in the next block with guarantees that they will be delivered. On bridged chains, your application will need to go through more routes in order to execute on the desired destination. It must first route from your application on Ethereum to the Ethereum bridge parachain, and afterward dispatch the XCMP message from the Polkadot side of the parachain. In other words, an application on Ethereum would first need to cross the bridge then send a message, while an application as a parachain would only need to send the message without needing to route across an external bridge.
Q: DOT transfers won't go live until Web3 removes the Sudo module and token holders approve the proposal to unlock them. But when will staking rewards start to be distributed? Will it have to after token transfers unlock? Or will accounts be able to accumulate rewards (still locked) once the network transitions to NPoS?
A (Logan): Staking rewards will be distributed starting with the transition to NPoS. Transfers will still be locked during the beginning of this phase, but reward payments are technically different from the normal transfer mechanism. You can read more about the launch process and steps at http://polkadot.network/launch-roadmap
Q: Next question is: I'm interested in how Cumulus/parachain development is going. ETA for when we will see the first parachain registered working on Kusama or some other public testnet like Westend maybe?
A (Logan): Parachains and Cumulus is a current high priority development objective of the Parity team. There have already been PoC parachains running with Cumulus on local testnets for months. The current work now is making the availability and validity subprotocols production ready in the Polkadot client. The best way to stay up to date would be to follow the project boards on GitHub that have delineated all of the tasks that should be done. Ideally, we can start seeing parachains on Westend soon with the first real parachains being deployed on Kusama thereafter. The projects board can be viewed here: https://github.com/paritytech/polkadot/projects Dan: Also...check out Basti's tweet from yesterday on the Cumulus topic: https://twitter.com/bkchstatus/1270479898696695808?s=20
Q: In what ways does Polkadot support smart contracts?
A (Logan): The philosophy behind the Polkadot Relay Chain is to be as minimal as possible, but allow arbitrary logic at the edges in the parachains. For this reason, Polkadot does not support smart contracts natively on the Relay Chain. However, it will support smart contracts on parachains. There are already a couple major initiatives out there. One initiative is to allow EVM contracts to be deployed on parachains, this includes the Substrate EVM module, Parity’s Frontier, and projects such as Moonbeam. Another initiative is to create a completely new smart contract stack that is native to Substrate. This includes the Substrate Contracts pallet, and the ink! DSL for writing smart contracts. Learn more about Substrate's compatibility layer with Ethereum smart contracts here: https://github.com/paritytech/frontier
Will Pankiewicz, Master of Validators, Parity Technologies
Q: (Dan) Thanks for all the answers. Now we’ll start going through some staking questions with Will related to validating and nominating on Polkadot. Will - could you introduce yourself, your background, and your role within the Polkadot ecosystem?
A (Will): Sure thing. Like many others, Bitcoin drew me in back in 2013, but it wasn't until Ethereum came that I took the deep dive into working in the space full time. It was the financial infrastructure aspects of cryptocurrencies I was initially interested in, and first worked on dexes, algorithmic trading, and crypto funds. I really liked the idea of "Generalized Mining" that CoinFund came up with, and started to explore the whacky ways the crypto funds and others can both support ecosystems and be self-sustaining at the same time. This drew me to a lot of interesting experiments in what later became DeFi, as well as running validators on Proof of Stake networks. My role in the Polkadot ecosystem as “Master of Validators” is ensuring the needs of our validator community get met.
Q: Cool thanks. Our first community question was "Is it still more profitable to nominate the validators with lesser stake?"
A (Will): It depends on their commission, but generally yes it is more profitable to nominate validators with lesser stake. When validators have lesser stake, when you nominate them this makes your nomination stake a higher percentage of total stake. This means when rewards get distributed, it will be split more favorably toward you, as rewards are split by total stake percentage. Our entire rewards scheme is that every era (6 hours in Kusama, 24 hours in Polkadot), a certain amount of rewards get distributed, where that amount of rewards is dependent on the total amount of tokens staked for the entire network (50% of all tokens staked is currently optimal). These rewards from the end of an era get distributed roughly equally to all validators active in the validator set. The reward given to each validator is then split between the validators and all their nominators, determined by the total stake that each entity contributes. So if you contribute to a higher percentage of the total stake, you will earn more rewards.
Q: What does priority ranking under nominator addresses mean? For example, what does it mean that nominator A has priority 1 and nominator B has priority 6?
A (Will): Priority ranking is just the index of the nomination that gets stored on chain. It has no effect on how stake gets distributed in Phragmen or how rewards get calculated. This is only the order that the nominator chose their validators. The way that stake from a nominator gets distributed from a nominator to validators is via Phragmen, which is an algorithm that will optimally put stake behind validators so that distribution is roughly equal to those that will get in the validator set. It will try to maximize the total amount at stake in the network and maximize the stake behind minimally staked validators.
Q: On Polkadot.js, what does it mean when there are nodes waiting on Polkadot?
**A (Will):**In Polkadot there is a fixed validator set size that is determined by governance. The way validators get in the active set is by having the highest amount of total stake relative to other validators. So if the validator set size is 100, the top 100 validators by total stake will be in the validator set. Those not active in the validator set will be considered “waiting”.
Q: Another question...Is it necessary to become a waiting validator node right now?
A (Will): It's not necessary, but highly encouraged if you actively want to validate on Polkadot. The longer you are in the waiting tab, the longer you get exposure to nominators that may nominate you.
Q: Will current validators for Kusama also validate for Polkadot? How strongly should I consider their history (with Kusama) when looking to nominate a good validator for DOTs?
A (Will): A lot of Kusama validators will also be validators for Polkadot, as KSM was initially distributed to DOT holders. The early Kusama Validators will also likely be the first Polkadot validators. Being a Kusama validator should be a strong indicator for who to nominate on Polkadot, as the chaos that has ensued with Kusama has allowed validators to battle test their infrastructure. Kusama validators by now are very familiar with tooling, block explorers, terminology, common errors, log formats, upgrades, backups, and other aspects of node operation. This gives them an edge against Polkadot validators that may be new to the ecosystem. You should strongly consider well known Kusama validators when making your choices as a nominator on Polkadot.
Q: Can you go into more details about the process for becoming a DOT validator? Is it similar as the KSM 1000 validators program?
A (Will): The Process for becoming a DOT validators is first to have DOTs. You cannot be a validator without DOTs, as DOTs are used to pay transaction fees, and the minimum amount of DOTs you need is enough to create a validate transaction. After obtaining enough DOTs, you will need to set up your validator infrastructure. Ideally you should have a validator node with specs that match what we call standard hardware, as well as one or more sentry nodes to help isolate the validator node from attacks. After the infrastructure is up and running, you should have your Polkadot accounts set up right with a stash bonded to a controller account, and then submit a validate transaction, which will tell the network your nodes are ready to be a part of the network. You should then try and build a community around your validator to let others know you are trustworthy so that they will nominate you. The 1000 validators programme for Kusama is a programme that gives a certain amount of nominations from the Web3 Foundation and Parity to help bootstrap a community and reputation for validators. There may eventually be a similar type of programme for Polkadot as well. Dan: Thanks a lot for all the answers, Will. That’s the end of the pre-submitted questions and now we’ll open the chat up to live Q&A, and our three team members will get through as many of your questions as possible. We will take questions related to business development, technology, validating, and staking. For those wondering about DOT: DOT tokens do not exist yet. Allocations of Polkadot's native DOT token are technically and legally non-transferable. Hence any publicized sale of DOTs is unsanctioned by Web3 Foundation and possibly fraudulent. Any official public sale of DOTs will be announced on the Web3 Foundation website. Polkadot’s launch process started in May and full network decentralization later this year, holders of DOT allocations will determine issuance and transferability. For those who participated in previous DOT sales, you can learn how to claim your DOTs here (https://wiki.polkadot.network/docs/en/claims).
Telegram Community Follow-up Questions Addressed Below
Q: Polkadot looks good but it confuses me that there are so many other Blockchain projects. What should I pay attention in Polkadot to give it the importance it deserves? What are your planning to achieve with your project?
A (Will): Personally, what I think differentiates it is the governance process. Coordinating forkless upgrades and social coordination helps stand it apart. A (Dieter): The wiki is awesome - https://wiki.polkadot.network/
Q: Over 10,000 ETH paid as a transaction fee , what if this happens on Polkadot? Is it possible we can go through governance to return it to the owner?
Q: What is the minimum ideal amount of DOT and KSM to have if you want to become a validator and how much technical knowledge do you need aside from following the docs?
A (Will): It depends on what the other validators in the ecosystem are staking as well as the validator set size. You just need to be in the top staking amount of the validator set size. So if its 100 validators, you need to be in the top 100 validators by stake.
Q: Will Web3 nominate validators? If yes, which criteria to be elected?
Q: How did you manage to prove that the consensus protocol is safe and unbreakable mathematically?
A (Dieter): We have a research teams of over a dozen scientists with PhDs and post-docs in cryptography and distributed computing who do thorough theoretical analyses on all the protocols used in Polkadot
Q: What are the prospects for NFT?
A: Already being built 🙂
Q: What will be Polkadot next roadmap for 2020 ?
A (Dieter): Building. But seriously - we will continue to add many more features and upgrades to Polkadot as well as continue to strongly focus on adoption from other builders in the ecosystem 🙂 A (Will): https://polkadot.network/launch-roadmap/ This is the launch roadmap. Ideally adding parachains and xcmp towards the end of the year
Q: How Do you stay active in terms of marketing developments during this PANDEMIC? Because I'm sure you're very excited to promote more after this settles down.
A (Dan): The main impact of covid was the impact on in-person events. We have been very active on Crowdcast for webinars since 2019, so it was quite the smooth transition to all-online events. You can see our 40+ past event recordings and follow us on Crowdcast here: https://www.crowdcast.io/polkadot. If you're interested in following our emails for updates (including online events), subscribe here: https://info.polkadot.network/subscribe
Q: Hi, who do you think is your biggest competitor in the space?
A (Dan): Polkadot is a metaprotocol that hasn't been seen in the industry up until this point. We hope to elevate the industry by providing interoperability between all major public networks as well as private blockchains.
Q: Is Polkadot a friend or competitor of Ethereum?
A: Polkadot aims to elevate the whole blockchain space with serious advancements in interoperability, governance and beyond :)
Q: When will there be hardware wallet support?
A (Will): Parity Signer works well for now. Other hardware wallets will be added pretty soon
Q: What are the attractive feature of DOT project that can attract any new users ?
A: We are working on integrations on all the biggest and best wallet providers. ;)
Q: What event/call can we track to catch a switch to nPOS? Is it only force_new_era call? Thanks.
A (Will): If you're on riot, useful channels to follow for updates like this are #polkabot:matrix.org and #polkadot-announcements:matrix.parity.io A (Logan): Yes this is the trigger for initiating the switch to NPoS. You can also poll the ForceEra storage for when it changes to ForceNew.
Q: What strategy will the Polkadot Team use to make new users trust its platform and be part of it?
Q: What problems do you see occurring in the blockchain industry nowadays and how does your project aims to solve these problems?
A (Will): Governance I see as a huge problem. For example upgrading Bitcoin and making decisions for changing things is a very challenging process. We have robust systems of on-chain governance to help solve these coordination problems
Q: How involved are the Polkadot partners? Are they helping with the development?
Q: Can you explain the role of the treasury in Polkadot?
A (Will): The treasury is for projects or people that want to build things, but don't want to go through the formal legal process of raising funds from VCs or grants or what have you. You can get paid by the community to build projects for the community. A: There’s a whole section on the wiki about the treasury and how it functions here https://wiki.polkadot.network/docs/en/mirror-learn-treasury#docsNav
Q: Any plan to introduce Polkadot on Asia, or rising market on Asia?
**A (Will):**We're globally focused
Q: What kind of impact do you expect from the Council? Although it would be elected by token holders, what kind of people you wish to see there?
A (Will): Community focused individuals like u/jam10o that want to see cool things get built and cool communities form If you have further questions, please ask in the official Polkadot Telegram channel.
LOEx Market Research Report on July 21: The index has gone to the end of the triangle wedge, should watch more and less action to reduce the operation
[Today's Hot Tips] 1.[The first L2 extension solution of ETC, Connext Status Channel, has been activated on the main network] On July 21, ETC Cooperative officially announced that the first Layer 2 protocol extension solution of ETC, Connext State Channels, has been deployed on the ETC mainnet. The Connext State Channel will allow the ETC mainnet to integrate multiple second-layer solutions, absorb a large number of transactions, and achieve the scalability of the blockchain. 2. [Announcement of the first batch of innovative applications in Shanghai Fintech Innovation Supervision Pilot, including technologies such as blockchain] According to the Securities Times, e Company, on July 21, the Shanghai Fintech Innovation Supervision Pilot Working Group publicized the first batch of 8 innovative applications in Shanghai on the basis of a wide range of projects. The first batch of innovative applications actively explore the cross-enabling of multiple cutting-edge technologies such as AI, blockchain, big data, and multi-party secure computing, and use FinTech to solve the pain points of information and trust asymmetry faced by small, medium and micro enterprises in financing, and create new models and methods for inclusive finance. 3. [Developer of Ethereum Testnet: Ethereum 2.0 Beacon Chain will be released in November] According to Paradigm on July 20, the developer of the Ethereum multi-client testnet, Afri Schoedon, stated in an interview that the Ethereum 2.0 Beacon Chain will be released in November unless we find a serious error in the client or protocol. Afri Schoedon said that its estimated launch time is somewhere between Vitalik Buterin and Justin Drake (the Ethereum Foundation researcher). He believes that there is no need to postpone Ethereum 2.0 to 2021 unless key issues are found. In general, it is likely to be launched at the end of 2020. [Today's market analysis] Bitcoin (BTC)BTC rose slightly in the early morning, reached 9200 USDT in a short time, and then fell slightly to 9170 USDT. At present, BTC continues to fluctuate in a narrow range around 9170 USDT. Mainstream coins basically followed the trend of the broader market, rising slightly in the early morning and then falling back significantly. BTC is currently reported 9177.1 USDT on LOEx Global, an increase of 0.04% in 24h. https://preview.redd.it/xz6s3i75b6c51.png?width=554&format=png&auto=webp&s=fa03d4ee39ee1ad20e962d0a4266564484fe4e60 The volatility of Bitcoin throughout July was too boring, and the stage was on the Altcoin side. The market will never only rise and not fall. When the tide recedes and the enthusiasm is gone, will the Altcoin and the big pie resonate and fall? Looking at the K-line chart above, the wedge-shaped sharp corners are getting more and more extreme, and they will soon face a change. High and sideways, maybe the main force will quickly hit the market, but it is also a fishtail market; otherwise, the risk is even greater. Here we can completely jump out and wait until the market is clear before making a trading plan. The gentleman does not stand under the dangerous wall. The currency market index has reached the end of the triangular wedge, it is better to be cautious in the short term. Operation suggestions: Support level: the first support level is 9100 points, the second support level is 9000 integers; Resistance level: the first resistance level is 9200 points, the second resistance level is 9400 points. LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Singapore Monetary Authority (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 2 million community members in 24 hours.
BlockSettle Terminal - new light-weight bitcoin wallet with integrated trading model
The BlockSettle Terminal is an open-source desktop wallet that offers integrated non-custodial trading of bitcoin. The wallet is based on goatpig’s continued development of the Armory open-source stack. Wallet features: • BIP 32 (Hierarchical Deterministic) wallet(s) • Native Segwit, Nested Segwit, Legacy address support • Watching-Only wallets • Offline/Remote signing • Hardware Wallet support (Trezor / Ledger) • Network connectivity through remote or local server • Coin control • RBF/CPFP • Fee control • BIP 39 and Armory seed imports • Built-in blockchain explorer • Armory interoperability The trading model is a hybrid between centralized and decentralized platforms. In our model, the bitcoin leg is non-custodial (removing custody risk) while the fiat leg is centralized (in order to pool liquidity). Trading is currently limited to testnet while users get acquainted with the model. Trading features: • Request-for-Quote matching • OTC off exchange reporting • Encrypted chat • Products o Bitcoin vs fiat o Bitcoin vs Coloured Coin (coinjoin trading) o Fiat vs fiat (FX) Webpage: https://www.blocksettle.com/ Github: https://github.com/BlockSettle/terminalhttps://github.com/BlockSettle/BlockSettleDB CTO: goatpig https://bitcointalk.org/index.php?action=profile;u=7811
ETX officially announced to change the algorithm, here is a straightforward analysis about the influence
More dispersed computing power, which means that the coins will be further dispersed, and the value will be less controlled and influenced by a few people who controlled many coins. From the above examples of Monero and Monero Classic , we can see that changing the algorithm is a great positive signal for ordinary community users
According to the latest announcement on the official website of Ethereumx·NET (ETX), "Notice about the upcoming change of ETX algorithm and the opening of the testnet '', ETX will change the algorithm within the next 1-2 months. The reason is that the current large computing power miners pose a threat to ETX's long-term ecological planning in the future, because the large computing power mining has caused a very high concentration of chips. This can be seen through the blockchain browser. The future It may take time to balance the number of head coin holders and slowly digest with price space and time. https://preview.redd.it/xtfbx9wbe6b51.png?width=624&format=png&auto=webp&s=386ccbcb51a658db2db07609152406df1c0927e3 Just like Bitcoin, there were only a few people digging with a computer at the beginning. Later, as the market slowly became aware, and then derived the ASIC algorithm mining machine, as the price increased, some head currency holders slowly reduced their holdings, and slowly reduced the threat they posed to Bitcoin. But even so, there are still an unsolved 200,000 bitcoins in MtGox. Some people even predict that when MtGox closes the case, it will be the crash day of Bitcoin. It’s impossible for a new currency to go the way which Bitcoin had passed. The market competition environment today is completely different. There are endless new currencies appearing every day, so at the appropriate time to avoid the risk of expanding and taking the lead is necessary. This may be the reason why the ETX development team decided to change the algorithm. There are many currencies that have changed the algorithm, and most of the results are relatively good. For example, Monero (XMR), Monero should be the most successful currency to resist the ASIC algorithm. In the process of fighting with ASIC repeatedly, without exception, the mining machine manufacturers were expelled from the door, ensuring many communities. But Monroe Classic has retained the ASIC-friendly algorithm because it has not changed the algorithm, and almost no one is interested today. We can get a glimpse of their straightforward price performance in the chart below.
XMC’s price with no algorithm changes, data source Coinmarketcap More decentralized computing power means that the coins are further dispersed, and the value can be less controlled and influenced by a few people. From the examples of Monroe and Monroe Classic above, we can see that changing the algorithm is a great positive signal to the ordinary community users. And the announcement on the official website mentioned that the testnet will be launched before the end of this month, and anyone who’s interested can go to have a look. ETX developers take precautionary measures ahead of time, which is a manifestation of responsibility for all community users. Refer to Ethereumx·NET " Notice about the upcoming change of ETX algorithm and the opening of the testnet " Coinmarketcap Monero: GetMonero *There are risks in the market, this article is not intended as investment advice
Hi everyone, I am just getting familiar with this sub and I have a kind request to any of you possibly. I have been developing an app which requires some testing using Testnet BCH but for the last 3 weeks all testnet faucets seem to be down. Do you happen to know about any working BCH testnet faucet? https://developer.bitcoin.com/faucets/bch/ seems to be down. If anyone has some leftover testnet BCH then I would be grateful for even a low amount sent to: bchtest:qrapdgha6znsylvs3lxfuu69rymmljnugg307watfa Lack of coins is getting more and more concerning for me. Do you know how (and if) I can mine testnet BCH if that kind of situation happens in the future? Have a nice day!
Diamond in the rough forks to Blockcore tech. Solid 10x short term.
Meet x42 Protocol, the feeless blockchain that will allow anyone to host decentralized applications the easy way. X42 Protocol Price $0.01275764 Market Cap $247,173 (May 27, 2020) Explorer: https://explorer.x42.tech/ Website: https://www.x42.tech/ x42 is a decentralized cryptocurrency based on the Blockcore technology designed to be a multi-chain solution for DApps (decentralized applications) that allows for a range that goes anywhere from small indie developed games to large entrepreneurial projects that span dozens of facilities. The main idea behind x42 is to be a scalable, on-chain solution for any developer that wants to launch games and applications in general with minimal initial investment, zero transaction fees and near infinite scalability. The protocol works around a main blockchain which hosts all the x42 coins and three types of nodes. Side blockchains can be created at will by the developers that decide to use the x42 protocol to launch their projects, side blockchains are very flexible and allow for a great deal of customization. The main blockchain of the x42 protocol will have a maximum total of forty-two million coins mined into existence by the year 2030. The coins follow the same rules as most cryptocurrencies, every transaction is final, timestamped and will be registered to the blockchain ledger, blockchain explorers can be used to browse any and all transactions Every project can have its own side blockchain, in which the development team can fully test and experiment on before going live to the store, because of that need all side blockchains have access to individual testnets. FM Interview with developer: The workpaper talks about using Stratis technology - Many say this is soon to be defunct? It does, the current WP is the 1st itteration, we have a 2.0 that will be released when the servers go online. However in Dec 2019, we have switched to Blockcore as Stratis had too many limitations that didn't meet our needs without heavy modifications. We did start with stratis as the basic framework, but we modified all of the code thus far to meet the needs we have. x42 is not stratis, but did start with some of their code. The switch to blockcore is really more of a code thing and not otherwise noticed on the user end. There has been some but not a significant amount of discussion about it. Anyone that does access the new beta will be able to notice the difference as it nolonger will say stratis anywhere. On the user end, some file structures may change with mention of blockcore. Blockcore is a fork of Stratis, however the cool thing is that it isnt its own project. More details: https://www.blockcore.net/ is an open source project started by a group of blockchain developers and engineers to realize a fully integrated platform for building custom blockchains. Blockcore is the foundation for realizing blockchains and includes core functionality to create your own custom blockchain with a lot of tooling supporting your blockchain. So its been 18 months of development? When will we say a mainnet? We are currently in testnet and close to 90% ready. Xservers should be released this year. However we are not working on a timeline for mainnet with dates at the moment. Deadlines produce inferior products. The new wallet (xCore) has passed and is ready, it will work alongside the xServer. The switch to blockcore did require some code changes and we are still working with blockcore to fine tune some issues in their code as well. Security and ease of use for the end user are required. What about use of dapps in beta? We have a few in progress, but there are not many as the parameters can be changing. Although, anyone that can code a dapp in c# could drop it into their app folder and have one right now. There just won't be the user interface on the current wallet or the server support yet. Why did you call it x42? X has always been the universal unknown in mathematics, which can also mean ‘anything.’ X is believed to have come from the arab letter shin (ش), that was initially used by spanish scholars because of their inability to translate certain arabic sounds into the spanish language, so it became a synonym for an unknown thing. From there on it was noticed that the spanish language didn’t have an appropriate sound for the arabic ‘sh.’ As time passed it was adapted into the ‘ck’ sound, which in classic greek is written down with a symbol known as chi (X). 42 is known to Douglas Adams’ The Hitchhiker’s Guide to the Galaxy readers as the ‘answer to the ultimate question of life, the universe, and everything’. We believe that x42 can offer a great answer to most questions plaguing the cryptocurrency space at the moment and in the future. That mix of an unknown and an answer is where our name got its origin. The techy Details: The two main levels of the x42 architecture are: xCore – This is responsible for interacting with the infrastructure and the interface layers in addition to the node policy layers. An x42 xCore full node handles all the APIs and user interfaces. NBitcoin – This is responsible for handling messages between nodes in the Network Layer. It also bridges the gap between various Consensus Layer functions. Higher Transaction Speed: Transaction on the x42 blockchain platform happens almost instantly under 60 seconds. Also, the main x42 blockchain supports around 70 transactions per second. This is nearly 10 times the transactions supported by the Bitcoin blockchain network. Additionally, the good thing is the x42 side blockchains can be edited to hold as many transactions-per-second (TPS) as the developers want. Understanding xCore, xServer, and Wallets xCore – An xCore node is basically a device with software that has the entire x42 blockchain saved and connects the main blockchain to the side blockchains. This node seeds the main and side blockchain to all users and also has all the functionalities of a client node. Client node is any client running a wallet connected to the x42 main blockchain network. As explained in the white-paper, “The xCore can stake coins on the main blockchain, it can also run decentralised applications hosted on xServers all across the network after having it installed on the local machine”. xServer – The x42 blockchain supports several different types of servers. xServer is a special sort of wallet that runs on dedicated hardware facilitates decentralisation of applications (DApps), processing and data storage. xServers are also tasked with other activities on the network like propagating smart contracts and signing transactions. It also allows the server owner (the Gatekeeper) to get paid for hosting diverse applications. Besides, xServers can choose to host the projects launched on any of the non-private side blockchains. Projects that share a considerable part of their revenues with the xServer owners are likely to get hosted quickly and maintained by the same servers for a longer period of time. Before we understand xServer wallets, let’s brief about the Hot Wallet and Cold Wallets. A hot wallet is an online wallet always connected to the internet. This is an instant point-of-contact for receiving and sending payments. The hot wallets receive the staking rewards along with payouts from DApps, side blockchain, smart contracts, and private transactions. A cold wallet is an offline wallet and more secure from the hot wallet as it is less susceptible to online attacks. This wallet holds the collateral for the server. All the server rewards are paid out to the cold storage wallet. Coming to the xServer wallets, these are basically software holding information for both hot and cold storage wallets. The xServer wallets can run on almost any operating system. They can also host and launch decentralised applications (DApps) and generate passive income by DApp hosting. Nice article.. https://medium.com/the-consensus/x42-protocol-not-just-another-pos-mn-project-d8dd73e8846d
07-08 23:05 - 'A Request for Testnet Bitcoin Please' (self.Bitcoin) by /u/btcDappper removed from /r/Bitcoin within 0-9min
''' Hello, can anyone please spare any testnet coins? I’d be very grateful if anyone can send some my way - I’m helping to test an app that is about to go live soon, but we specifically need a decent number of coins because we need to test specific denominations (which we combine in app to create any denomination, like normal coins IRL). We can’t really get around testing with smaller denominations. 10 tBTC would help out massively. 2N26VJvCDkXECbPVF7zcp73umV5HjVMy4cz I've tried all faucets but they just don’t work for the amount required for our testing. Thanks a lot ''' A Request for Testnet Bitcoin Please Go1dfish undelete link unreddit undelete link Author: btcDappper
07-09 14:36 - 'A Request for Testnet Bitcoin Please' (self.Bitcoin) by /u/btcDappper removed from /r/Bitcoin within 930-940min
''' Hello, can anyone please spare any testnet coins? I’d be very grateful if anyone can send some my way - I’m helping to test an app that is about to go live soon, but we specifically need a decent number of coins because we need to test specific denominations (which we combine in app to create any denomination, like normal coins IRL). We can’t really get around testing with smaller denominations. 10 tBTC would help out massively. 2N26VJvCDkXECbPVF7zcp73umV5HjVMy4cz I've tried all faucets but they just don’t work for the amount required for our testing. Thanks a lot ''' A Request for Testnet Bitcoin Please Go1dfish undelete link unreddit undelete link Author: btcDappper
I just posted about my new multi-coin faucet, but I also wanted to announce my new multi-coin testnet mining pool! I created this pool as I myself was wondering how to get coins for my faucet and knowing I have mining hardware. The only best way would've been to mine them! I searched and could only find one testnet pool and that was only for Bitcoin. So I made my own multi-coin testnet pool and decided to open it up to the public to mine on the testnet! https://testnetpool.com I apologize for the sudden spike of hashrate on the Dogecoin testnet the other day, that was me as I was mining some coins for my faucet and testing the pool.
Non-custodial bitcoin exchange with integrated wallet – opening public beta
BlockSettle has today announced the launch of its core product, the BlockSettle Terminal. The Terminal is an open-source bitcoin wallet where users manage their own private keys (self-custody). For users who wish to trade, the BlockSettle Terminal offers an integrated non-custodial matching and settlement service where participants can trade Spot XBT (market and in private OTC chats), Private Market shares (colored coins versus XBT) and FX. Wallet
Light-weight desktop wallet
Built on Armory’s open-source code base
Hardware wallet support (TrezoLedger)
Option to connect to your own bitcoin node infrastructure
Users are encouraged to get comfortable on testnet before using mainnet
Non-custodial trading of XBT and Private Market for shares, plus FX
Currently in public beta testing (testnet)
BlockSettle distributes testnet coins and play money to testers
Thai Nhat Minh | Stably: First of all, can you have a brief introduction about yourself as well as about Chromia? Henrik_hjelte, Sergelubkin Henrik Hjelte: Hello. My name is Henrik Hjelte. I am Co-Founder and CEO of Chromia. I have more than 30 years of experience in programming and a degree in Economics from Uppsala University. BTW economics and computers = blockchain, so finally found a job that fits me. I was introduced to the blockchain by the leader of the colored-coins project Alex Mizrahi in 2013 Colored coins project was a very influential thing It was the first way for user created tokens bolted on to the only blockchain at the time (almost) bitcoin We started ChromaWay 2014, with Or Perelman too, to explore if the world was interested in “tokens” and those kind of applications We worked with enterprise blockchain for some time, but now we are focused on Chromia, a new public platform for mainstream decentralized applications using relational blockchain technology. Ok, maybe I should tell something about Chromia and not myself too. Chromia is a better blockchain for building decentralized Apps. better because it follows the “normal worlds” way of managing data. A little history: I found a text/description to paste: Chromia is a brainchild of ChromaWay. ChromaWay has a long record of delivering pioneering projects around the world. We issued Euros on the Bitcoin blockchain with LHV bank, allowed investors to invest in startups in a wholly decentralized way with Funderbeam, digitized the title transfer process with the Swedish land registry, and mediated the green bond market. ChromaWay’s core team created the world’s first protocol to issue tokens already in 2012, when blockchain was called “bitcoin 2.0”. Then ChromaWay introduced the relational model to enterprise blockchains with a consortium database called Postchain. Now Postchain is going public as the foundation for Chromia, a better blockchain for building decentralised Apps. Chromia is a new public blockchain based on the idea of integrating traditional databases, Relational databases with blockchain security. Chromia is a general purpose blockchain with full smart contract capabilities, just that it is a lot easier to code, even complex applications. You code with an easy to learn new programming language that combines the power of SQL and normal languages but makes it secure in a blockchain context. Up to 1/10 the code-lines vs other blockchains. If you don’t believe me, check this blog (later, stay in the chat): https://blog.chromia.com/reasons-for-rell-compactness/ The aim of Chromia is to combine relational databases, which exist in every kind of organization, with blockchains. We want to provide a platform for our users to develop totally decentralized apps securely. Our goal is for Chromia to be seen as the number one infrastructure for decentralized applications. Think about it: blockchain is about managing data (in a shared context). And… What do we use to manage data? A Database! Serge: Sure! My name is Serge! And I work in Chromia marketing department. Also, I help coordinate various projects inside the company My background is in Economics and Marketing Thai Nhat Minh | Stably: Question 1️⃣ DApp is currently mainly concentrated in the field of games, and its life cycle is basically short, just like the Crypto Kitty is only hot for a while, how to dig the application of DApp in more fields and how to improve the utilization rate of DApp? u/henrik_hjelteu/sergelubkin Serge: Good one, let me answer Gaming is quite a challenging target because good UX is expected, it needs to be fast, responsive, etc. If we can do that, then we can also do all sorts of other stuff. Also, it lets us experiment with things without a lot of hassle, it’s easier to get users, and so on. It’s also a growing niche within blockchain. You can check our latest game, Mines of Dalarnia https://www.minesofdalarnia.com We also have Enterprise projects already, for example Green Assets Wallet https://greenassetswallet.org/about that already launched on the first Mainnet version called Bootstrap Net,we also have https://capchap.se built on our tech, more projects like non-profit review platform Impactoria, public land registries, medical projects and so on Also don’t forget about our fully decentralized social network/forum that is live already on the testnet https://testnet.chromunity.com. Thai Nhat Minh | Stably: Question 2️⃣ How will dapp face the world change after the epidemic? u/henrik_hjelteu/sergelubkin Henrik Hjelte: Nobody can say for sure, but maybe people will tend to be online more than offline, so demand on online products and dapps as well will increase. I just came in from an internal demo of a secret project we do, and it can be seen as a way to hang out online (a bit cryptic answer) There are also interesting use cases of dapps in the medical field. For example, we participated in the world-wide hackathon Hack for Sweden. Where our submission was to create an app on Chromia blockchain that increases the coordination between countries and hospitals especially during the hard time and COVID19. Chromia wants to help the European Union (and the world, but we saw problems in the EU…) and its citizens to provide transparency over the necessary medical and protective devices and appliances of which we see shortage during this emergency crisis. You can watch our promo here https://twitter.com/chromaway/status/1247557274337447938?s=20. For me it was a fun Hackathon too because for once I got the opportunity to code… I told everyone else I will not do any bossing… We try to continue this path on medical applications a bit. Thai Nhat Minh | Stably: Question 3️⃣ DApps are still not directly embedded in mobile phones like Apps at this moment, and DApps have also been flooded with bet content. How can guests increase the use of DApps and lower the threshold for using DApps? u/henrik_hjelteu/sergelubkin Serge: The answer is — better User Experience. We believe that in order for a DApp to be usable and become more widely accepted it has to feel like a normal App. A DApp needs to have quick transactions, scale well & shouldn’t require users to pay for each transaction. This is something that is possible now with using Chromia. It’s an extremely exciting time since we are going to see a new generation of DApps. On top of that, we think that we might have an ace coming up. We have built a game to demonstrate the powers and possibilities of Chromia. A little bit about the game: In Mines of Dalarnia (https://www.minesofdalarnia.com), players get to explore the vast expanses of interplanetary treasure mines. With an innovative Dalarnia Token system, players can purchase virtual mining plots, and put them up for rent into the community, allowing for real-estate tycoons to earn more Tokens. Mining plots can also undergo their own upgrades, making them more lucrative to explore, as well as a hot property for rental by miners. The game takes advantage of these NFT-based tokens to securely track exchanges, and provide a sense of ownership and wealth to players as they grow their mining and resource empire. Watch our trailer https://youtu.be/bDXKOp1Asqw and sign-up for the TestNet on the website! Thai Nhat Minh | Stably: Question 4️⃣ Many practitioners think that the main reason for restricting the development of DApp is “incomplete infrastructure”. How effective is the current “cross-chain” and “side-chain” solution? u/henrik_hjelteu/sergelubkin Serge: Our infrastructure resembles Alibaba Cloud, so a DApp developer just goes and deploys his DApp’s blockchain into it, it’s easy. Also our language Rell https://rell.chromia.com/en/maste is more robust than any other blockchain programming language.Or Azure or AWS Rell combines the following features:
Relational data modeling and queries similar to SQL. People familiar with SQL should feel at home once they learn the new syntax.
Normal programming constructs: variables, loops, functions, collections, etc.
Constructs which specifically target application backends and, in particular, blockchain-style programming including request routing, authorization, etc.
We want people to join our channels such as telegram, twitter, email also our decentralized forum https://testnet.chromunity.com and participate in discussions
We want people to try our dapps such as Mines of Dalarnia
We want to get feedback and understand the most important issues people care about Chromia and the blockchain industry in general
We want to get more developers building on top of Chromia
LBTS: What was your motivation for creating RELL and not use other languages? What benefits? Why name it RELL also? Henrik Hjelte: We have a private/federated relational blockchain called Postchain, and it allows SQL. But that can work in a small environment when you know all parties, and if you are really careful in checking code. But not for a more secure, distributed on the web setup, so we had to make it more secure (Deterministic, statically typed). In the process, we also took the opportunity to make it cool and nice. Also: it is simply not possibly to use evm, jvm, or web assembly. We need/want a database in the bottom. Postgresql is our virtual machine. You do not reimplement that…. 10+ years codebase…. Lee: Being part of the gamer community, I would like to know what you would think about collaborating with a MOBA, RPG or Arcade game or some kind of project? Henrik Hjelte: We are already collaborating with some smaller studios. For bigger fish, we want to show them what is completely unique and visionary with Chromia, and we think we need various examples. So, first arcade game MoD (linked above) is one example, it is not the full potential or anything but a start. In this summer, krystopia 2 a puzzle game from Antler Interactive will be released. What is even cooler is the “demo project” we do together with them, where we will show how a mutliplayer game with real blockchain features will work. I just saw it an hour ago and was blown away OH, and there is another studio releasing something very cool. Full logic on chain strategy game. Chain of Alliance. oyibo pepper: Do you encourage HACKATHON programs for intending Developers to test their skills and build on RELL Can you explain more about CHROMIA AMBASSADORS PROGRAM, CAN I BECOME AN AMBASSADOR Serge: Yes, you can, but you will need to change your avatar 🤣 Seriously, we are growing our Chromians community if you want to become one please ping our admins in Chromia telegram group. Also, we are planning virtual hackathons soon, please subscribe to stay updated Infinite Crypto: Since the Chromia project is currently working on the Ethereum blockchain ERC20 standard! But we know that there are a lot of scalability issues with Ethereum, so why would you choose the Ethereum blockchain over other scalable blockchains? Do you have any plans for Mainnet launch of Chromia? Henrik Hjelte: ETH is just used in a pre-phase for tokens. We will have our own mainnet tokens interchangable with ETH. Oyinbo pepper What’s CHROMIA SSO and SDK, how can I get started Henrik Hjelte Both are 3 letters. That is what they have in common. SDK = software development kit, check docs on https://rell.chromia.com SSO = single sign on. A unique UX improvement. You approve an app in your wallet (vault) with super ease. no need to remember codes sso: https://blog.chromia.com/chromia-sso-the-whys-and-the-whats/ We have a fundamentally different model from bitcoin and ethereum and the likes. The blockchain is not run by anonymous computers in basement and student dorms across the world. We have more of known identities, so 51% attacks is protected not by PoW/PoS but other consensus. Please see our whitepaper. Note that we are not noobs when it comes to this, our CTO Alex has published papers in academic journals on consensus etc. from 2013, and done several important ideas for blockchain. Sidechains we think he was first with, tokens too. Sheron Fernando: Is there any plan to makes partnership with local cryptocurrency developers from each country to make $CHR usage more worldwide? Serge: Yes, we are looking for cooperation with more external developers. Send me a message if you are interested in developing something on Chromia. Stella: What are the underlying problems in the Dapps today that can be solved with the Chromia protocol? Serge:
Scalability — on Chromia your dapp can have unlimited numbers of users thanks to parallel scaling
Easiness of use — you don’t need external wallets, no need to buy crypto to pay for gas etc
Cost — in general to deploy the dapp and to use the dapp
Marcel Lagacé: Why build this platform? What is Chromia mission? What are the most prominent features of the platform? Can you clarify the use case for this feature? Henrik Hjelte: We build the platform to fix the problems with blockchains, that we ourselves have experienced since 2014 (before ethereum existed). LBTS: Can you tell us about Chromia developers? How motivated and experienced are they to always deliver the best products? Henrik Hjelte: I can tell you that we recruit developers that are really good, from all parts of the world. Vietnam has been a hub because we found many good, so in Ukraine. How can we say “we have so good developers”? First one thing that is a bit different is that we are pretty experienced in leadership team of development. I do not code much anymore since I’m a CEO. But I do have now over 30 years of experience. Got published and was payed when I was 15. First full-time professional developer job at 18. Have released open-source projects used by 10: s of thousand developers. And Alex, our CTO is Extremely good. That is why I recruited him to my old startup 2006 or so… So: we have experience to sort out good developers from bad. Marcel Lagacé: Does Chromia staking model is different from other staking platform?? What are the beneficial advantages of chromia staking system? Serge: The main difference is that we have independent Providers, entities that are not connected. These serious players are exchanges, data centres, professional staking companies. They provide a backbone of the ecosystem and host dapps. Like Amazon servers in the cloud. They cannot have stake bigger than the maximum thus they can’t control the network. This is probably the main difference with classic DPoS networks Nguyen Duy Bao: A lot of people will want to know what the strength of Chromia is but I want to know the weaknesses and problems Chromia faces ? How do you plan to solve it? Henrik Hjelte: A weakness I guess is weak compared to “competition”. And there are some blockchain projects that got crazy amount of funding. So how can we compete with that, when they can hire more developers for example? Well here is what experience comes into play: More developers does not always increase productivity a lot, it is diminishing returns. You can see many large projects, with 100 of developers fail miserably with no results. And actually, sometimes true with marketing spend too. It is generally good with money, but if you are a bit clever you can compete also on marketing with less money than your competition. Please follow Chromia on Social Media: Website: https://www.chromia.com Twitter: https://twitter.com/chromia FaceBook: https://www.facebook.com/teamchromia LinkedIn: https://www.linkedin.com/company/chromia Telegram: https://t.me/hellochromia Decentralized Social network Chromunity: https://testnet.chromunity.com Free-to-Play Blockchain Game Mines of Dalarnia: https://www.minesofdalarnia.com
I just posted about my new multi-coin faucet, but I also wanted to announce my new multi-coin testnet mining pool! I created this pool as I myself was wondering how to get coins for my faucet and knowing I have mining hardware. The only best way would've been to mine them! I searched and could only find one testnet pool and that was only for Bitcoin. So I made my own multi-coin testnet pool and decided to open it up to the public to mine on the testnet! https://testnetpool.com Edit: fixed minor spelling errors (typed too fast lol)
07-09 14:36 - 'Help getting more TESTNET BTC for development?' (self.Bitcoin) by /u/AnthropologicalWorst removed from /r/Bitcoin within 2174-2184min
''' Anyone out there have TESTNET bitcoin to spare? I've hit up the faucets, but I could use more than a trickle of satoshis for the development purposes I'm working on. If you're a test whale, could you help me out? Or a baby whale even? Donations of any amount greatly appreciated. Thanks! 2NDUajDQDamiUPtBXayqxBDfyVXZLBq5TC8 PS for anyone doing testnet work that might need it, here are some helpful faucet links: [link]1 [link]2 ''' Help getting more TESTNET BTC for development? Go1dfish undelete link unreddit undelete link Author: AnthropologicalWorst 1: coin*a**et.e***n/bt*-testnet/ 2: testnet-**ucet.memp***.co* Unknown links are censored to prevent spreading illicit content.
Setting Up A Lightning Network Node On Testnet Using Ubuntu, Bitcoin Core And C-lightning : Bitcoin. Setting up a LN node is fairly straightforward, but I did get hung up on a couple items and I coudn't find any comprehensive guides, so as I worked through the process I thought I'd share. Le Testnet est une blockchain alternative destinée à l’expérimentation et aux tests. Les bitcoins du Testnet sont clairement distincts des bitcoins réels et ne sont pas censés avoir une valeur quelconque. Ce réseau permet aux développeurs d’applications, ou à ceux qui travaillent sur les améliorations de Bitcoin, d’expérimenter sans avoir à utiliser de vrais bitcoins, sans […] BTC Address. Send coins back, when you don't need them anymore: 2NGZrVvZG92qGYqzTLjCAewvPZ7JE8S8VxE A testnet is a copy of the bitcoin/ether/litecoin network to test new features or to develop apps without spending real money. It is impossible to transfer testnet bitcoins/ethers/litecoins to your real wallet because they are two different networks. The testnet is an alternative Bitcoin block chain, to be used for testing.Testnet coins are separate and distinct from actual bitcoins, and are never supposed to have any value. This allows application developers or bitcoin testers to experiment, without having to use real bitcoins or worrying about breaking the main bitcoin chain.
How to deposit free bitcoins to your BITMEX Testnet account
The bitcoin testnet is always useful if you want to try out how to use bitcoins without paying real money. You can do this alongside a normal bitcoin client, your bitcoins won't be overwritten ... get free bitcoin testnet get free bitcoin for signing up ... earn bitcoin free coin earn free bitcoin in coins.ph how to get free bitcoin cash from blockchain get free bitcoin daily Post your testnet address to get some Test - Coins @scashofficial. https://smartcash... Skip navigation ... Exchange, Finance, Bitcoin, BTC, Investments 2020 Gemini 50,453 watching. Live now; ... BitMEX Tutorial - Trading Simulato (testnet) su Bitcoin e Criptovalute, Long e Short con leva 100x - Duration: 30:25. The Crypto Gateway - Investire in Criptovalute 10,366 views 30:25 Jeff Flowers from Blockchain U taught me how to use a Bitcore script that he wrote to transfer bitcoins on TestNet. I hit some errors at first but he helped clear up the process for me.