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Bitcoin - The Currency of the Internet
A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
New England New England 6 States Songs: https://www.reddit.com/newengland/comments/er8wxd/new_england_6_states_songs/ NewEnglandcoin Symbol: NENG NewEnglandcoin is a clone of Bitcoin using scrypt as a proof-of-work algorithm with enhanced features to protect against 51% attack and decentralize on mining to allow diversified mining rigs across CPUs, GPUs, ASICs and Android phones. Mining Algorithm: Scrypt with RandomSpike. RandomSpike is 3rd generation of Dynamic Difficulty (DynDiff) algorithm on top of scrypt. 1 minute block targets base difficulty reset: every 1440 blocks subsidy halves in 2.1m blocks (~ 2 to 4 years) 84,000,000,000 total maximum NENG 20000 NENG per block Pre-mine: 1% - reserved for dev fund ICO: None RPCPort: 6376 Port: 6377 NewEnglandcoin has dogecoin like supply at 84 billion maximum NENG. This huge supply insures that NENG is suitable for retail transactions and daily use. The inflation schedule of NengEnglandcoin is actually identical to that of Litecoin. Bitcoin and Litecoin are already proven to be great long term store of value. The Litecoin-like NENG inflation schedule will make NewEnglandcoin ideal for long term investment appreciation as the supply is limited and capped at a fixed number Bitcoin Fork - Suitable for Home Hobbyists NewEnglandcoin core wallet continues to maintain version tag of "Satoshi v0.8.7.5" because NewEnglandcoin is very much an exact clone of bitcoin plus some mining feature changes with DynDiff algorithm. NewEnglandcoin is very suitable as lite version of bitcoin for educational purpose on desktop mining, full node running and bitcoin programming using bitcoin-json APIs. The NewEnglandcoin (NENG) mining algorithm original upgrade ideas were mainly designed for decentralization of mining rigs on scrypt, which is same algo as litecoin/dogecoin. The way it is going now is that NENG is very suitable for bitcoin/litecoin/dogecoin hobbyists who can not , will not spend huge money to run noisy ASIC/GPU mining equipments, but still want to mine NENG at home with quiet simple CPU/GPU or with a cheap ASIC like FutureBit Moonlander 2 USB or Apollo pod on solo mining setup to obtain very decent profitable results. NENG allows bitcoin litecoin hobbyists to experience full node running, solo mining, CPU/GPU/ASIC for a fun experience at home at cheap cost without breaking bank on equipment or electricity. MIT Free Course - 23 lectures about Bitcoin, Blockchain and Finance (Fall,2018) https://www.youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn CPU Minable Coin Because of dynamic difficulty algorithm on top of scrypt, NewEnglandcoin is CPU Minable. Users can easily set up full node for mining at Home PC or Mac using our dedicated cheetah software. Research on the first forked 50 blocks on v1.2.0 core confirmed that ASIC/GPU miners mined 66% of 50 blocks, CPU miners mined the remaining 34%. NENG v1.4.0 release enabled CPU mining inside android phones. Youtube Video Tutorial How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 1 https://www.youtube.com/watch?v=sdOoPvAjzlE How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 2 https://www.youtube.com/watch?v=nHnRJvJRzZg How to CPU Mine NewEnglandcoin (NENG) in macOS https://www.youtube.com/watch?v=Zj7NLMeNSOQ Decentralization and Community Driven NewEnglandcoin is a decentralized coin just like bitcoin. There is no boss on NewEnglandcoin. Nobody nor the dev owns NENG. We know a coin is worth nothing if there is no backing from community. Therefore, we as dev do not intend to make decision on this coin solely by ourselves. It is our expectation that NewEnglandcoin community will make majority of decisions on direction of this coin from now on. We as dev merely view our-self as coin creater and technical support of this coin while providing NENG a permanent home at ShorelineCrypto Exchange. Twitter Airdrop Follow NENG twitter and receive 100,000 NENG on Twitter Airdrop to up to 1000 winners Graphic Redesign Bounty Top one award: 90.9 million NENG Top 10 Winners: 500,000 NENG / person Event Timing: March 25, 2019 - Present Event Address: NewEnglandcoin DISCORD at: https://discord.gg/UPeBwgs Please complete above Twitter Bounty requirement first. Then follow Below Steps to qualify for the Bounty: (1) Required: submit your own designed NENG logo picture in gif, png jpg or any other common graphic file format into DISCORD "bounty-submission" board (2) Optional: submit a second graphic for logo or any other marketing purposes into "bounty-submission" board. (3) Complete below form. Please limit your submission to no more than two total. Delete any wrongly submitted or undesired graphics in the board. Contact DISCORD u/honglu69#5911 or u/krypton#6139 if you have any issues. Twitter Airdrop/Graphic Redesign bounty sign up: https://goo.gl/forms/L0vcwmVi8c76cR7m1 Milestones
Sep 3, 2018 - Genesis block was mined, NewEnglandcoin created
Sep 8, 2018 - github source uploaded, Window wallet development work started
Sep 11,2018 - Window Qt Graphic wallet completed
Sep 12,2018 - NewEnglandcoin Launched in both Bitcointalk forum and Marinecoin forum
Sep 14,2018 - NewEnglandcoin is listed at ShorelineCrypto Exchange
Sep 17,2018 - Block Explorer is up
Nov 23,2018 - New Source/Wallet Release v1.1.1 - Enabled Dynamic Addjustment on Mining Hashing Difficulty
Nov 28,2018 - NewEnglandcoin became CPU minable coin
Nov 30,2018 - First Retail Real Life usage for NewEnglandcoin Announced
Dec 28,2018 - Cheetah_Cpuminer under Linux is released
Dec 31,2018 - NENG Technical Whitepaper is released
Jan 2,2019 - Cheetah_Cpuminer under Windows is released
Jan 12,2019 - NENG v1.1.2 is released to support MacOS GUI CLI Wallet
Jan 13,2019 - Cheetah_CpuMiner under Mac is released
Feb 11,2019 - NewEnglandcoin v1.2.0 Released, Anti-51% Attack, Anti-instant Mining after Hard Fork
Mar 16,2019 - NewEnglandcoin v184.108.40.206 Released - Ubuntu 18.04 Wallet Binary Files
Apr 7, 2019 - NENG Report on Security, Decentralization, Valuation
Apr 21, 2019 - NENG Fiat Project is Launched by ShorelineCrypto
Sep 1, 2019 - Shoreline Tradingbot project is Launched by ShorelineCrypto
Dec 19, 2019 - Shoreline Tradingbot v1.0 is Released by ShorelineCrypto
Jan 30, 2020 - Scrypt RandomSpike - NENG v1.3.0 Hardfork Proposed
Feb 24, 2020 - Scrypt RandomSpike - NENG core v1.3.0 Released
Jun 19, 2020 - Linux scripts for Futurebit Moonlander2 USB ASIC on solo mining Released
Jul 15, 2020 - NENG v1.4.0 Released for Android Mining and Ubuntu 20.04 support
Jul 21, 2020 - NENG v220.127.116.11 Released for MacOS Wallet Upgrade with Catalina
Jul 30, 2020 - NENG v18.104.22.168 Released for Linux Wallet Upgrade with 8 Distros
Aug 11, 2020 - NENG v22.214.171.124 Released for Android arm64 Upgrade, Chromebook Support
Aug 30, 2020 - NENG v126.96.36.199 Released for Android/Chromebook with armhf, better hardware support
2018 Q3 - Birth of NewEnglandcoin, window/linux wallet - Done
2018 Q4 - Decentralization Phase I
Blockchain Upgrade - Dynamic hashing algorithm I - Done
Cheetah Version I- CPU Mining Automation Tool on Linux - Done
2019 Q1 - Decentralization Phase II
Cheetah Version II- CPU Mining Automation Tool on Window/Linux - Done
Blockchain Upgrade Dynamic hashing algorithm II - Done
2019 Q2 - Fiat Phase I
Assessment of Risk of 51% Attack on NENG - done
Launch of Fiat USD/NENG offering for U.S. residents - done
Initiation of Mobile Miner Project - Done
2019 Q3 - Shoreline Tradingbot, Mobile Project
Evaluation and planning of Mobile Miner Project - on Hold
Initiation of Trading Bot Project - Done
2019 Q4 - Shoreline Tradingbot
Shoreline tradingbot Release v1.0 - Done
2020 Q1 - Evaluate NENG core, Mobile Wallet Phase I
NENG core Decentralization Security Evaluation for v1.3.x - Done
Light Mobile Wallet Project Initiation, Evaluation
2020 Q2 - NENG Core, Mobile Wallet Phase II
NENG core Decentralization Security Hardfork on v1.3.x - Scrypt RandomSpike
Light Mobile Wallet Project Design, Coding
2020 Q3 - NENG core, NENG Mobile Wallet Phase II
Review on results of v1.3.x, NENG core Dev Decision on v1.4.x, Hardfork If needed
Light Mobile Wallet Project testing, alpha Release
2020 Q4 - Mobile Wallet Phase III
Light Mobile Wallet Project Beta Release
Light Mobile Wallet Server Deployment Evaluation and Decision
A sleeper, RAIN Network Coin; Sub $16k MCAP, New Exchange Listings, and Juicy Chart!
RAIN Network Coin Website: https://rainnetwork.online/ Coingecko: https://www.coingecko.com/en/coins/rain-network About: RAIN Network is a new fully autonomous microcap decentralized rewards platform operating on the Ethereum blockchain via smart contract. Easiest and profitable staking available on their dApps with more to come includeing a RAIN game. So working product and $16k market cap. Yes you heard that right only $16k, if this goes to $100k that's a 6x! Trying to post it here before it explodes (like SWAP). Been bleeding out for some time and now showing completion of a massive bull pendant. If you don't buy because of the product, then buy because the chart looks magnificent. Please look at the chart on Coingecko and tell me this won't triple in the next month. The concept is simple, the user interface/logo is super clean and refreshing. The community is nice! Officially listed on Mercatox yesterday! With more exchanges to come. Announcement from CEO: "Update We do have a small game coming in a day or so that will use RAIN. exploding_head Addressing the make an announcement daily for hype That isn't going to happen. I am not a hype man nor do I make unnecessary announcements. We have more than enough stuff here at RAIN for the community to shill so really its up to you guys on how to make it work for your shilling. I am not placing blame on anyone, just reminding the community of their part in the grow of this. Myself and @ethereal have put good effort into growing this platform from a development perspective. The project has utility straight out of the box and dapps to assist with that utility. Lets make the best of what we have and make it work." Buy on Uniswap; https://uniswap.exchange/swap/0x61cdb66e56fad942a7b5ce3f419ffe9375e31075 Links: https://etherscan.io/tx/0xf064fff4414c5a9a427a1b166ebb4ff968498ae56f8a8b89358c04d697a0d10a BitcoinTalk https://bitcointalk.org/index.php?topic=5257430.new#new Twitter https://twitter.com/rainnetworketh Medium https://medium.com/@rainnetwork LiveCoinWatch https://www.livecoinwatch.com/price/RAINNetwork-_RAIN
Typical Bitcoin forks have a couple of issues Frail security: Double spends On the off chance that the fork utilizes a similar evidence of work, or mining equipment, it's inconsequential for diggers from the bigger unique venture to assault it. Medium BitcoinHEX utilizes the very much tried ERC20 standard to keep away from any of these issues. Powerless advancement: Fewer engineers In principle, a bigger network of engineers will attempt more cool things and complete in excess of a littler network. BitcoinHEX by being an ERC20 token gets full favorable position of the biggest pool of designers in crypto (Ethereum engineers), and the entirety of the cool new innovations they make, for example, appropriated trades, nuclear swaps, and so forth Poor motivator arrangement: Free riders You and your cooperation difficult to make something new and cool, to have a whale wake up one day and glimmer crash the market on you. Why? Free loaders suck. BitcoinHEX "We're all Satoshi" include which gives every unclaimed coin to individuals that claimed at 2% per week more than 50 weeks implies that in under a year, just genuinely invested individuals will hold the token. Out of line dissemination Should the person that lives in china with free power and about free work accessible get most of all the recently stamped coins (expansion)? While expanding centralization, and not wanting to haggle with the journalists of the product they run (center designers.) BitcoinHEX is genuinely circulated to those that advance it through: the 5% referral hold it, through staking, or on the other hand help get the undertaking to minimum amount and appropriation (rewards for cases and guarantee size.) The rich getting more extravagant unreasonably Trades and assets reward themselves while offering nothing to the little folks whose Bitcoin they should be in guardianship of. Trades are something contrary to what Bitcoin was made for. Distributed money. Not companion to trade to peer money. They're large security openings that have l ost a large number of dollars of client reserves. Whales asserting BitcoinHEX are punished 50-75% on the grounds that who actually needs some mammoth trade or store guaranteeing an enormous part of your token to dump on you at their recreation? Punishment triggers from 1k-10k+ coins. Expansion for security Though Bitcoin has expanded its stockpile by 17 million coins over its reality by paying diggers to mine (square rewards.) BitcoinHEX needn't bother with expansion for security. Enough individuals are digging Ethereum for a wide range of reasons that we don't need to pay them BitcoinHEX to do as such. Disparagement of the first A few forks like to imagine they're the genuine article, and not only a duplicate. They do this by having a fundamentally the same as name, logo, and even purchase twitter handles and sites that used to advance the genuine article, to advance the duplicate. In reality a duplicate does best when it separates itself with better highlights, evaluating, or promoting. In the event that your plan of action incorporates claiming to be something you're not, it's a terrible plan of action. BitcoinHEX isn't Satoshi's vision, it's likewise not Bitcoin. It's Bitcoin forked into Ethereum. That has focal points ordinary Bitcoin forks don't. It is amusing to prod different forks when satoshisvision.com focuses to BitcoinHEX.com however Smiley They earned that prodding. Why BitcoinHEX is incredible Low expansion All the cool game hypothesis that quickens appropriation of the undertaking ends in under 1 year. At that point the main expansion in the undertaking originates from individuals that've removed coins from flow by staking. At the point when the main swelling you have is from remunerations to individuals that have trustlessly and safely bolted up their tokens for an extensive stretch of time, that is incredible for esteem. No paying excavators for security with square rewards Conveyance to those well on the way to have been in crypto the longest Simple for trades to coordinate because of recognition and trust of ERC20 standard. Works with appropriated trades no problem at all Works with nuclear swaps no problem at all Most devs in the crypto (Ethereum) Simple case apparatus, asserts all UTXOs in a location without a moment's delay Incredible advertising. Howdy Smiley Low charges. A bitcoinHEX exchange would just cost around 27 pennies or less on 5/24/2018 Scaling arrangements not too far off. Vitalik Buterin has been distributing take a shot at evidence of stake and sharding which could lessen waste and increment exchange limit incredibly. Incredible practice, particularly in the event that you've never encountered the biggest crypto environment and second biggest by marketcap. Advances free discourse. You can transmit your business and financial vitality that used to just exist in the Bitcoin language, in the Ethereum language. Broadens your scope of individuals you can exchange with, talk tokens to. Tokenomics Moment Referral Bonus Individuals you allude get came up with all required funds, and you get a 5% referral reward. Appropriation rewards to stakers (end on 50th week, since all cases will be finished) We're all Satoshi (week after week) Like clockwork a reward equivalent to 2% of unclaimed assets is dispersed to individuals that claimed. Reward topped at 100% of unclaimed tokens. For example, if Satoshi doesn't guarantee, individuals who willed get a reward equivalent to his coins after some time, however not more. Speed Bonus (paid to petitioner on guarantee) Claimable: Balance in addition to [math below] first week 10%< second week (10% x (.95 to the intensity of [week number]) SpeedBonuss Viral Bonus (week by week) The more individuals that guarantee, the bigger the rewards Complete reward upmod (Guarantee % of 1/3 all out conceivable case occasions)/10 Minimum amount Bonus (week by week) The bigger the cases the bigger the rewards. All out reward upmod (Guarantee % of all out potential coins)/10 A debt of gratitude is in order for the rewards Inception contract gets a similar reward you do. Selection rewards to stakers (end on 50th week, since all cases will be finished) Senseless whales Singular cases 1k to 10k+ btc punished 50 to 75% directly scaled before rewards. Goxmenot Gox trustee addresses can't guarantee Typical Staking (Not thought about a reward and doesn't end at 50 weeks) 1% per 10 days. Longer lockup= impetus multiplier Example Time reward: multi day lockup = 129.6% (on the grounds that 3.6 occasions 36%= 129.6%) Time divider As % of profit tokens is bolted up, decreases reward multiplier. In the event that half bolted up at start, at that point multiplier decreased half Early winged creatures get the worms. Guaranteeing A depiction of the Bitcoin UTXO will be taken at square tallness (to be reported after agreement is reviewed). The UTXO set will be smoothed for gas effectiveness, and the Merkle tree foundation of that set will be implanted in an ERC20 token agreement to permit Bitcoin holders to reclaim their tokens. HEX links: Website: https://hex.win/ Twitter page: https://twitter.com/HEXCrypto Facebook page: https://www.facebook.com/HEXcrypto Telegram page: https://t.me/HEXcrypto Github: https://github.com/bitcoinHEX Reddit page: https://hexcrypto.reddit.com/ Medium page: https://medium.com/hex-crypto/ Ann: https://bitcointalk.org/index.php?topic=4523610.0 Author information; Bitcointalk username: Corneafx Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2649614
All Of The Weedcoins, POT, THC, SMOKE, PRG, TKS, DOPE, CANN, MRJA, GRWI, KUSH, GRMD, CCN, STV, CNNC, BGR, MAR, BLAZR, BUBO, are Shitcoins
https://preview.redd.it/r6nvz6g643521.png?width=594&format=png&auto=webp&s=35fc73c6393a7d3f884ed40aba5e5fc2193be304 https://cryptoiq.co/all-of-the-weedcoins-pot-thc-smoke-prg-tks-dope-cann-mrja-grwi-kush-grmd-ccn-stv-cnnc-bgr-mar-blazr-bubo-are-shitcoins/ The War On Shitcoins Episode 7: Weed-Themed Coins includingIncluding PotCoin (POT), Paragon (PRG), SMOKE, Tokes (TKS), HempCoin (THC), Marijuana Coin (MAR), CannabisCoin (CANN), CannaCoin (CCN), DopeCoin (DOPE), BlazerCoin (BLAZR), GreenMed (GRMD), Growers International (GRWI), Cannation (CNNC), Bongger (BGR), Sativacoin (STV), KushCoin (KUSH), GangaCoin (MRJA), Budbo (BUBO).The war on shitcoins is a Crypto.IQ series that targets and shoots down cryptocurrencies that are not worth investing in either due to their being scams, having serious design flaws, being centralized, or in general just being worthless copies of other cryptocurrencies. There are thousands of shitcoins that are ruining the markets, and Crypto.IQ intends to expose all of them. The crypto space needs an exorcism, and we are happy to provide it. There are numerous cryptocurrencies that are nothing more than copies of other cryptocurrencies with marijuana logos slapped on. Perhaps the developers of these cryptocurrencies were running dry and decided to do an ICO or premine in order to fill their war chest with marijuana. Whatever the motives may be, the human race has created 18 weed-themed cryptocurrencies. Each one will be reviewed and properly burned below. Potcoin (POT) is one of the earliest marijuana-themed cryptocurrencies, having launched in 2014, and has a market cap of $2.7 million. Shockingly, the POT market cap approached $100 million during the 2017 crypto craze. POT is branded as a global solution for the $100 billion global marijuana industry, but obviously, the global marijuana industry has never embraced Potcoin based on the volume of less than $3,000 per day as of this writing. It is actually nonsensical that marijuana enthusiasts would want to be holding and transacting POT since having POT labeled on all of their transactions is much less anonymous than using Bitcoin. POT started as PoW and eventually switched to PoS and has no unique capabilities or characteristics. Since POT’s only unique trait is a weed logo, it is clearly a shitcoin. For each weed-themed cryptocurrency CryptoIQ will give it a classification stoners understand. Since POT is one of the earliest and most popular weed coins and has the second highest weed coin market cap, the classification is burning blunt. HempCoin (THC) is not far behind POT, with a market cap of $2.3 million and similar minuscule volume of $12,000 per day. THC launched in 2014 and is meant to revolutionize the weed and hemp industry by providing a decentralized payment system. Like POT, there is no reason marijuana entrepreneurs would choose to transact with THC versus Bitcoin, especially since liquidity is so low they would lose money. Apparently, THC is PoW and PoS, but has no unique capabilities. The classification of THC is half-smoked blunt. SMOKE has a market cap of $840,000 and is listed on some decentralized exchanges. It seems like SMOKE is meant to be the weed version of Steemit. It appears the website did launch and is functioning as a social network for stoners, who can smoke and earn SMOKE. Perhaps SMOKE has potential, so it gets the classification fresh pinner joint. However, the entire concept of people motivating each other to smoke drugs to earn cryptocurrency seems like something the world does not need. Paragon (PRG) is a bit more advanced than the other weed coins since it integrates smart contract technology and can be used to build dApps for the marijuana industry. Perhaps PRG can be nicknamed Weedthereum. PRG has the highest weed coin market cap at $5.2 million although volume is only $21,000 per day. The SEC stomped on PRG’s blunt and issued severe penalties for the unregistered ICO. PRG must return investments to the investors, and since $12 million was raised and PRG has lost over half that value, it seems Paragon is at risk of going bankrupt. This yields the classification of blunt soaked with trash juice. Tokes (TKS) is a weed coin launched via the WAVES blockchain that has a market cap of $775,000 but less than $400 per day of daily trading volume. Someone dumping the TKS they received from selling a QP of weed could crash the market. Apparently, TKS aims to be a supply chain tracking tool for the marijuana industry, in addition to being a compliant currency for dispensaries, but it is obviously not used much. For now, TKS is classified as hitting a roach. DopeCoin (DOPE) launched way back in 2014 and today is practically dead with a market cap near $420,000 (seriously) and less than $1,000 of daily trading volume. DOPE transitioned from a PoW to PoS cryptocurrency, and the website is poorly made, unlike the weed coins listed above which have well-built websites. There are no redeeming qualities to DOPE, and its classification is accidentally inhaled the roach. CannabisCoin (CANN) has a market cap less than $400,000 and volume less than $4,000 per day. CANN’s goal is to be used to purchase marijuana at dispensaries, and there used to be a product line of weed strains called CANNdy which were supposed to be traded at one gram per one CANN. Now one CANN is worth half of a penny, so that probably did not work out well. Shockingly, CANN’s market cap hit $30 million in early January 2018, so it has seen an epic collapse this year. This gives CANN the classification paid for fireweed but got schwag. GanjaCoin (MRJA) is the first weed coin in the list that is nearly dead. Based on the Bitcointalk thread, it is listed on a couple of obscure exchanges. GanjaCoin had ambitious plans to open a dispensary in which each gram of weed was backed by one MRJA. GangaCoin is unique among the weed coins since it used masternodes, much like Dash. It is obvious that practically no one is using MRJA, giving it the classification old roach in a storm drain. Growers International (GRWI) is designed for marijuana growers and has some increased capabilities versus other weed coins such as smart contracts, a blockchain repository for cannabis strains, and supply tracking from seed to sale. The idea is legitimate, but the market cap of $88,000 and less than $1,000 of daily trading volume indicates GRWI has failed to take root. This is perhaps due to a swap to an ERC-20 token being required to use any of the dApps, since apparently, the developers could not do it on their own chain. The swap does not appear to be going well, and therefore, GRWI is classified as burnt fingers on the roach. KushCoin (KUSH) is a weed coin that had Weedthereum aspirations, but now the website is dead, the devs have disappeared behind a cloud of weed smoke, and KUSH has been completely delisted. The only appropriate classification is roach buried in a garbage dump. GreenMed (GRMD) has a market history similar to the half-life of radioactive waste, and currently has a market cap of only $40,000 and daily trading volume less than $300. Apparently GreenMed is among the cryptocurrencies that aimed to have an attached debit card, and just like TenX and Monaco, this ended up being disastrous. The website has been converted to a simple marijuana e-commerce store with no mention of cryptocurrency, indicating the developers gave up on the crypto debit card idea. GRMD seems to be completely dead, and the classification is roach thrown out of a car on the highway. CannaCoin (CCN) is a PoS cryptocurrency with probably no people staking. It may be listed on a random obscure exchange. It appears CCN did not have any unique characteristics yet still hit a market cap of $2 million in January 2018. This is more proof of how detached from reality the crypto rally was since now CCN is certainly dead. The classification is roach at the bottom of a trash can filled with garbage. SativaCoin (STV) has no redeeming qualities, despite being named after a potent strain of marijuana. It was PoS, and that’s about it. During the crypto rally STV nearly hit a $1 million market cap, but the developer team is gone and presumably smoking the portion of the market cap they cashed out. STV is completely delisted and valueless, giving it the classification shredded roach on the side of the road soaked with trash juice. Cannation (CNNC) raised less than a Bitcoin during their mid-2017 ICO, perhaps enough to smoke the dev team out for a month, and now the website is gone. CNNC was just a PoW/PoS hybrid that had no unique capabilities. Really, CNNC is an obvious ICO scam, giving it the classification bought a weed roach but got a spice roach. Bongger (BGR) is named after someone taking a huge rip from a marijuana water pipe, and perhaps that is exactly what the dev team is doing since the devs are still around four years after launch and seem chill about the fact that BGR is worth nothing. The classification for this cryptocurrency is passed out on the couch and covered with doritos. Marijuanacoin (MAR) hit a market cap of $900,000 in January 2018, perhaps for no other reason than it has the word marijuana in its name. The MAR dev briefly showed up in October 2017 and proposed to hard fork the blockchain, and apparently asked for donations, before disappearing forever. MAR continues to be listed on Cryptopia but has no volume, meaning it is worthless. This gives MAR the classification wind gust blows your joint into a lake. BlazerCoin (BLAZR) has no website and no announcement thread but is listed on YoBit despite zero volume. This gives BLAZR the special classification prison joint made of toilet paper and the scrapings from a green apple. Budbo (BUBO) is listed on Cryptopia and HitBTC, with a whopping $63 of volume, enough to buy an eighth. Budbo is branded as a decentralized autonomous organization (DAO) for the weed industry. BUBO was sold in an ICO, and appears to have collected a whopping $37 million from investors. This is perhaps since the ICO occurred in late December 2017 and January 2018, when investors were overloaded with cash and enthusiasm. The developers still periodically show up and say they are “working on it,” but nothing has been developed, and the website is mediocre. Budbo is certainly the biggest scam in weed coin history and therefore earns the classification got mugged by drug dealer.
IQ stock broker is a Forex & bitcoin Company in USA Founded in 2012 by a team of highly motivated professionals who are very passionate about trading on the world’s financial market, and are keen on empowering
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Create a high-quality infographic that illustrates the genesis of our platform, the working tech that has been created and how Komodo has been built differently, and deliberately, from the very beginning to ensure security, scalability and interoperability. This is why we refer to the architecture, because Komodo was designed to overcome common problems like congestion, governance and attacks that other platforms did not foresee or prevent, from the beginning. This is Komodo DNA.
Share your submission far and wide and encourage your friends and followers to vote for you.
Encourage feedback, ask questions and make your infographic the best that it can be.
Our Criteria to Judge
Please note that upvotes and shares are not the only criteria we'll use to judge winners. While useful, we will value creativity, good questions and discussion on Reddit highly. When sharing your posts you will score more highly if people comment, provide feedback and are engaged.
How well the infographic conveys our working tech, it's core concepts and plans to build on top of it.
How well the infographic illustrates our story, purpose and conveys our tech so that it's easy to understand.
Constructive discussion, questions and feedback on Reddit that lead to improvement.
Sentiment and comments generated across all our social media. This will not include vanity metrics like likes or shares.
Upvotes on Reddit for the author's submission post ONLY. All votes will be counted (i.e. doesn't matter which week they were made).
Retweets of the submission in our master thread ONLY. Include your handle and a cover image in your submission. This means if you promote yourself on Twitter you ought to promote the tweet with your work in it.
How do you win?
You may submit up to two infographics. By submitting an infographic, you understand Komodo may post and use your submissions on our digital channels during and after the contest. Each infographic must have it's own post.
Create a post on Komodo's subreddit using the 'infographic contest' flair.
Add the infographic image into the Reddit post.
Include your Twitter handle.
Include a social media friendly cover image for us to use when we tweet your submission out.
Post a link to your submission post here in the comments for all to see.
Contest Timeline Guide (these dates indicative and are subject to change).
7th September. Announcement. If you're reading this on Reddit before the big announcement then well done! You have two extra days before this is announced on Friday.
10th - 21st September. Research and Questions. We will promote the contest, invite questions and requests for resources, in the comments of this master Reddit post (because this means all information and good questions will be visible to all participants).
22nd September. Draft Submissions. Creatives to submit their draft infographics on Reddit. All submissions need to have their own post and then be linked to in the comments of this master post. This is important to remember!
24th - 30th September. Feedback. A period of one week will be devoted to promoting the submissions and asking the community and team to give you feedback.
1st October. Final Submissions.
2nd - 8th October. Voting. A week of promoting your work and at the end we'll count votes, consider feedback and pick our winners.
15th October. Winners Declared. The final decision by judges. Votes and community feedback counts towards judging but do not have final say.
Interim KMD Colour Palette If you’ve not been included in the first round it’s because the submission hadn’t been made when the team reviewed. Don’t worry though because we’re organising hangouts and further feedback to help.
#001Infographic Link//Reddit Post Link by thesudio. There’s a lot of good points made, however, these would work better if there is a clear narrative and flow to the information being presented. Otherwise, it can be overwhelming and confusing to the reader. The #1 objective is to visually depict the architecture story and how KMD is redefining blockchain platform architecture.
#002Infographic Link//Reddit Post Link by thesudio. We like that there is a clear structure and clear messaging aligned to each of the 5 pillars. However, the infographic should be focused on telling the architecture story vs the pillars.
#003Infographic Link//Reddit Post Link by VolsenVols. Love how you’ve incorporated our existing graphic design elements into the infographic. This is heading in the right direction and the level of copy and content are well balanced. It would be nice to align this closer to the architecture story and to expand on the different layers of our technology using the same style.
#004Infographic Link//Reddit Post Link by dexter_laabo. Needs to tell the architecture story. This looks more like it took information from our current website. “Anonymous” is not a key aspect of our technology that we’re focusing on.
#005Infographic Link//Reddit Post Link by savandra. The visuals are strong but the narrative could be stronger. It would be nice to align this closer to the architecture story and to expand on the different layers of our technology using the same style.
#007Infographic Link//Reddit Post Link by cryptol1. Doesn’t depict the architecture narrative. Inaccurately describes cross-chain tech as “proprietary”. Simplification has the wrong messaging associated, should be white-label focused. This is considered more of a graphics versus an infographic. Needs to be more comprehensive.
#008Infographic Link//Reddit Post Link by pacosenda. We like the unique design style and approach taken. Doesn’t follow the architecture narrative. Should be expanded out as it is a bit short on content with no clear flow or narrative.
#009Infographic Link//Reddit Post Link by jeanetteLine. Great level of detail and thought on the layout and content. Doesn’t, however, cover the architecture story. Would be preferred if the design direction reflects interim colour and style vs. legacy KMD. The roadmap should be avoided. Looks like they borrowed more from the website than the guidelines.
#010Infographic Link//Reddit Post Link by Meyse. Very creative way to explain and layout the content. This could be expanded out more to encompass the entire architecture story. Cross-chain verifications/smart contracts, blockchain bridging need to be incorporated in.
#014Infographic Link//Reddit Post Link by Limiter02. Good thought has gone into the copy, however, there’s way too much of it. Would prefer stronger visuals and utilizing a more visual storytelling approach. Doesn’t follow the architecture story. Remove the lizard.
#015Infographic Link//Reddit Post Link by piptothemoon. Great thought into visually representing key points. Needs to be expanded out to incorporate the architecture story, but this is heading in the right direction from a visual storytelling POV.
#016Infographic Link//Reddit Post Link by thecryptofoundation. Love the timeline approach, and mostly followed the guidelines and architecture story. Also, like the incorporation of accomplishments at the end. Would like to get the stock imagery used to reflect our interim colour palette. Not all visuals match what is being represented in the copy.
#017Infographic Link//Reddit Post Link by jsteneros. As discussed in the Zoom call, this graphic is really solid but a little heavy on the copy. Would be good to see more visualizations of the info. This graphic hits on some of the important messages (e.g. Komodo is built differently from other blockchain platforms and solves many of the issues that first-gen platforms are struggling with) but it would be great if there was more information about Komodo’s architecture and how Komodo is different from other platforms.
#018Infographic Link//Reddit Post Link by gravigocrypto. This one was also discussed in the Zoom call. Outstanding visuals and overall design. The info follows the architecture story well but could be stronger if the 3 layers of Komodo’s architecture were tied together into one, coherent visual. It’s a challenging task but that’s part of the contest : )
#019Infographic Link//Reddit Post Link by PacoSenda. This is a really creative infographic, which is great! However, we’d really like to see the visuals a bit more in line with fonts and color palette described above in the “First Round of Feedback” section. Also, as with the feedback for many of the infographic submissions, sticking to the Komodo architecture story would be best.
#020Infographic Link//Reddit Post Link by emmanmalaman. The visuals are pretty cool but this one misses most of our core messaging. It would be much stronger if it followed the architecture story and touched on the info provided in this post. There’s definitely potential here but it needs some work.
#021Infographic Link//Reddit Post Link by immimidada. The colors and visuals here are spot-on. It’s also really great that it sets up the problem and then presents the Komodo solution. However, the problem and solution aren’t defined exactly the way we’d like. Check out the architecture narrative to learn more, and try to follow that story a bit more closely.
#022Infographic Link//Reddit Post Link by mohitgfx3. This one is a bit heavy on the KMD logos. We’re really hoping to see a visualization of Komodo’s infrastructure architecture. As with the feedback for many of the infographics, it would be best to re-read Komodo’s architecture story and try to stick to that as much as possible. Using images from the current website is also not a great approach, as we’re preparing to launch a new site in the coming months.
#023Infographic Link//Reddit Post Link by u/sayonara_girl. Some of the visuals are cool! It’s missing the narrative we’re looking for. In general, less copy and more visual storytelling would improve this graphic a lot. We’d like to see a smooth, linear flow of information. Take another look at the architecture story and try to follow that narrative.
#024Infographic Link//Reddit Post Link by brunopugens. This one follows the narrative well! But it’s a little heavy on the copy. It would be much stronger if the architecture was displayed visually, rather than explained with text. Also, the design is cool but it’s difficult to read b/c the perspective of the text is skewed. It’s a really cool idea but might be better to put the text flat for the sake of readability and clarity.
We hosted a round of live feedback sessions via Zoom. The recording is here:
The first block in the KMD blockchain was mined just under two years ago, on September 13, 2016 to 9:04 PM. Since then, Komodo has demonstrated a commitment to innovation and established a history of execution.
Cryptomiso.com is a website that ranks 866 different blockchain projects according to the Github commit history of that project’s most popular repo. Komodo is ranked #1 overall for Github commits over the last 12 months.
China's Ministry Research Initiative regularly ranks Komodo in the top 10.
Constructing an Opt-In alternative reward for securing the blockchain
Since a keyboard with a monero logo got upvoted to the top I realized I should post various thoughts I have and generate some discussion. I hope others do the same. Monero is currently secured by a dwindling block reward. There is a chance that the tail emission reward + transaction fees to secure the blockchain could become insufficient and allow for a scenario where it is profitable for someone to execute a 51% attack. To understand this issue better, read this:
In Game Theory, Tragedy of the Commons is a market failure scenario where a common good is produced in lower quantities than the public desires, or consumed in greater quantities than desired. One example is pollution - it is in the public's best interest not to pollute, but every individual has incentive to pollute (e.g. because burning fossil fuel is cheap, and individually each consumer doesn't affect the environment much). The relevance to Bitcoin is a hypothetical market failure that might happen in the far future when the block reward from mining drops near zero. In the current Bitcoin design, the only fees miners earn at this time are Transaction fees. Miners will accept transactions with any fees (because the marginal cost of including them is minimal) and users will pay lower and lower fees (in the order of satoshis). It is possible that the honest miners will be under-incentivized, and that too few miners will mine, resulting in lower difficulty than what the public desires. This might mean various 51% attacks will happen frequently, and the Bitcoin will not function correctly. The Bitcoin protocol can be altered to combat this problem - one proposed solution is Dominant Assurance Contracts. Another more radical proposal (in the sense that the required change won't be accepted by most bitcoiners) is to have a perpetual reward that is constant in proportion to the monetary base. That can be achieved in two ways. An ever increasing reward (inflatacoin/expocoin) or a constant reward plus a demurrage fee in all funds that caps the monetary base (freicoin). This scenario was discussed on several threads: - Tragedy of the Commons - Disturbingly low future difficulty equilibrium https://bitcointalk.org/index.php?topic=6284.0 - Stack Exchange http://bitcoin.stackexchange.com/questions/3111/will-bitcoin-suffer-from-a-mining-tragedy-of-the-commons-when-mining-fees-drop-t Currently there is no consensus whether this problem is real, and if so, what is the best solution.
Dominant assurance contracts Dominant assurance contracts, created by Alex Tabarrok, involve an extra component, an entrepreneur who profits when the quorum is reached and pays the signors extra if it is not. If the quorum is not formed, the signors do not pay their share and indeed actively profit from having participated since they keep the money the entrepreneur paid them. Conversely, if the quorum succeeds, the entrepreneur is compensated for taking the risk of the quorum failing. Thus, a player will benefit whether or not the quorum succeeds; if it fails he reaps a monetary return, and if it succeeds, he pays only a small amount more than under an assurance contract, and the public good will be provided. Tabarrok asserts that this creates a dominant strategy) of participation for all players. Because all players will calculate that it is in their best interests to participate, the contract will succeed, and the entrepreneur will be rewarded. In a meta-game, this reward is an incentive for other entrepreneurs to enter the DAC market, driving down the cost disadvantage of dominant assurance contract versus regular assurance contracts.
Monero doesn't have a lot of scripting options to work with currently so it is very hard for me to understand how one might go about creating a Dominant Assurance Contract using Monero, especially in regards to paying out to a miner address. This is how it could work in Bitcoin:
https://en.bitcoin.it/wiki/Dominant_Assurance_Contracts This scheme is an attempt at Mike Hearn's exercise for the reader: an implementation of dominant assurance contracts. The scheme requires the use of multisignature transactions, nLockTime and transaction replacement which means it won't work until these features are available on the Bitcoin network. A vendor agrees to produce a good if X BTC are raised by date D and to pay Y BTC to each of n contributors if X BTC are not raised by date D, or to pay nY BTC if X BTC are raised and the vendor fails to produce the good to the satisfaction of 2 of 3 independent arbitrators picked through a fair process The arbitrators specify a 2-of-3 multisignature script to use as an output for the fundraiser with a public key from each arbitrator, which will allow them to judge the performance on actually producing the good For each contributor: The vendor and the contributor exchange public keys They create a 2-of-2 multisignature output from those public keys With no change, they create but do not sign a transaction with an input of X/n BTC from the contributor and an input of Y BTC from the vendor, with X/n+Y going to the output created in 3.2 The contributor creates a transaction where the output is X+nY to the address created in step 2 and the input is the output of the transaction in 3.3, signs it using SIGHASH_ALL | SIGHASH_ANYONECANPAY, with version = UINT_MAX and gives it to the vendor The vendor creates a transaction of the entire balance of the transaction in 3.3 to the contributor with nLockTime of D and version < UINT_MAX, signs it and gives it to the contributor The vendor and contributor then both sign the transaction in 3.3 and broadcast it to the network, making the transaction in 3.4 valid when enough contributors participate and the transaction in 3.5 valid when nLockTime expires As date D nears, nLockTime comes close to expiration. If enough (n) people contribute, all of the inputs from 3.4 can combine to make the output valid when signed by the vendor, creating a valid transaction sending that money to the arbitrators, which only agree to release the funds when the vendor produces a satisfactory output If not enough people ( Note that there is a limit at which it can be more profitable for the vendor to make the remaining contributions when D approaches Now the arbitrators have control of X (the payment from the contributors) + nY (the performance bond from the vendor) BTC and pay the vendor only when the vendor performs satisfactorily Such contracts can be used for crowdfunding. Notable examples from Mike Hearn include: Funding Internet radio stations which don't want to play ads: donations are the only viable revenue source as pay-for-streaming models allow undercutting by subscribers who relay the stream to their own subscribers Automatically contributing to the human translation of web pages
Monero has these features:
LockTime (but it is much different then BTCs)
A possibility to do MoJoin (CoinJoin) like transactions, even if less then optimally private. There is hope that the MoJoin Schemes will allow for better privacy in the future:
I have a draft writeup for a merged-input system called MoJoin that allows multiple parties to generate a single transaction. The goal is to complete the transaction merging with no trust in any party, but this introduces significant complexity and may not be possible with the known Bulletproofs multiparty computation scheme. My current version of MoJoin assumes partial trust in a dealer, who learns the mappings between input rings and outputs (but not true spends or Pedersen commitment data).
The History, The Current State And The Future Of NavCoin
The History, The Current State And The Future Of NavCoin
This is it. If you're interested to see what NAV is all about, this is the ultimate guide for you. You will learn about the history of NavCoin and how it evolved. You will learn about the current state and features of NavCoin and you will learn about the exciting new features that are planned and coming up in the (near) future. So buckle up, this is going to be a long ride!
Table Of Content
What is NavCoin?
Rebranding to SummerCoinV2 /NavajoCoin
Rebranding to NavCoin
The Current State
Tutorials And Guidelines
Where can you use NAV?
Introduction - What is NavCoin?
NavCoin is a cryptocurrency that has been publicly traded since mid 2014. It's a fork of the latest version of Bitcoin Core with many additional features and functionalities which differentiate NAV from other cryptos.
NavCoin has been one of the first projects to switch to Proof of Stake and is still using PoS to validate and generate blocks. NavCoin didn't have an ICO or a premine. It is self-funded from the beginning and primarily, but not solely maintained by developers of Encrypt-S - the NavCoin Core team (see below for more info about the team).
NAV is trying to simplify cryptocurrencies for the masses. It does this by providing features which make it easy to use like the implementation of OpenAlias, which allows people to send NAV to an email-like address (for example [[email protected]](mailto:[email protected])). It also provides very easy to use desktop and mobile wallets.
NAV also provides optional privacy. You can send transactions publicly or private, as you prefer.
It's block speed is really fast with about 30 seconds per block. Transactions are confirmed as spendable within only 30 second which makes it ideal for retail and e-commerce.
High levels of scalability (260+ transactions per second)
It currently has a market cap of 11.6kk (as of writing) and trades for about $0.18 / 4'872 Sats per NAV. The circulating supply is 64kk with no max supply (with an inflation of about 4%).
Staking NavCoin currently yields about 8–10% of your holdings per year. This number depends on how many NAV are currently staking. The minimum return is about 4% (if every single NAV would be staking).
NAV is available on many different exchanges with the biggest ones being Binance, Bittrex and Poloniex.
Introduction The following chapter will summarize and break down the history of NavCoin in a few sentences. NAV started a long time ago, went through rebrandings and changes of the core team before it became what it is today. SummerCoin NavCoin was initially first introduced under the name SummerCoin on April 23 in 2014. SummerCoin was a fork of the Bitcoin blockchain. It used to have a PoW/PoS hybrid algorithm with a block time of 45 seconds. SummerCoinV2 /NavajoCoin Soon after the initial launch of SummerCoin, the original developer left and SoopY (soopy452000 on bitcointalk) took over as the main developer and rebranded the project to SummerCoinV2 respectively NavajoCoin and introduced new features. The name NavajoCoin was chosen in honor of the Navajo Code Talker. The unbreakable Navajo code was used to encrypt highly classified military information and commands and decrypt the same in WW II. SoopY introduced a technology which allowed sending transactions anonymously and private. This technology was called "Navajo Anonymous Technology". SoopY also released a new wallet and set the Proof of Stake rewards at 10% for the first year, 5% for the second year and 2% for every year after. NavCoin On August 12, 2014, Craig (current lead core developer, pakage on bitcointalk) started to get involved with NAV by helping to set up a website . It was officially announced that Craig joined the core team as a "Wallet & Web Developer" on November 06, 2014. The last tokenswap and restart of the blockchain of NAV happened on May 12, 2016. Soon later, SoopY stopped showing up and Craig stepped into the role of the lead core developer. Since then, Craig has assembled a strong team with which he built NavCoin into what it is today. Currently, Craig and the NavCoin Core team is located in New Zealand and they are actively developing many ground-braking features which differentiate NAV from other cryptocurrencies. You will read more about that later in this article.
The Current State
Introduction The year 2018 has been a thriving year for the NavCoin ecosystem. Despite the USD price of NAV not reflecting it, in 2018 the core team has developed a whole bunch of new features. Also the core content creators published the first official guidelines that function as an orientation guide for community content creators. This chapter will give you an overview of the current team, the features, the prior mentioned guidelines and the community of NavCoin. Core Team  Last year, the core team has grown alot. It contains of developers, content creators and interns. The core team are employees of Encrypt S, the New Zealand's leading blockchain R&D lab. Encrypt S is developing blockchain solutions since 2014 and values building open-source software highly. Craig MacGregor - Chief Executive Officer Craig is the CEO of Encrypt S and the founder of NavCoin. He is one of the world's most experienced blockchain developers. Craig founded NavCoin in 2014 and is developing software for it since then. He has assembled a strong team of like-minded people. Craig also speaks at seminars and conferenced. Some of the companies and conferences he did blockchain education sessions at are Oracle, Xero, Air New Zealand, Blok Tex and trademe. Together with the team, he is also doing a education series on YouTube where he explains upcoming features in-depth for the community. Alex Vazquez - Chief Technical Officer Alex is the CTO of Encrypt S and the most active contributor to the NavCoin core Github. He has incredible knowledge of blockchains and proposes and implements solutions for challenges and features. He supports community developers frequently and answers any questions of the community thoroughly. Like Craig, Alex is developing software for the NavCoin ecosystem for a very long time. Alex speaks at universities at times and educates students about the blockchain technology. Paul Sanderson - Lead Software Engineer Paul is the Lead Software Engineer at Encrypt S. He has a flair for technology. His technical and management skills are perfectly suited for consultancy and investment advising. He also frequently contributes to the NavCoin core source code. Rowan Savage - Senior Software Engineer Rowan is a full stack software engineer with more than a decade experience in developing complex front-end web applications. He joined Encrypt S in February 2018 and has since been involved in the Valence Plattform, the Kauri Wallet and NavCoin Core. You will read more about these feature/projects later. Carter Xiao - Lead UX/UI Designer Carter specializes in user-centric design and is also very talented with 3D animation, motion graphics and programming. One of NavCoins core principle is "Simplifying Crypto" and UX/UI is a very important part of that. Matt Paul - Software Engineer Like Rowan, Matt is a full stack Software Engineer. He joined the core team in Mai 2017 and has since worked on NavPay, NavPi, the Kauri Wallet and NavCoin Core. Kieren Hyland - Chief Strategy Officer Kieren is one of the employees that are working for Encrypt S for a very long time. He is the CSO and is a digital strategist and growth hacker with a passion for new technology and has a lot of experience in online marketing. Laura Harris - Creative Director Laura has a combination of commercial and creative flair. She manages the social media accounts for NavCoin and ensures, that NavCoins' message is always powerful, relevant and distinctive. John Darby - Content Creator John is an internationally awarded Technology and Financial sector marketing communications specialist. He is one of the Core Content Creators for NavCoin. Features of NavCoin  The following features are currently available and have been developed in the last months and years. It is sorted from newest to oldest. Static Block Reward The soft-fork for the enabling of static block rewards have been accepted and became active recently at 5th January 2019. This means, that the block reward was changed from a percentage based reward to a static reward. This will incentivize the stakers to have their node online 24/7 which increased the security of the network. It also aligns NavCoin with the PoSv3 specification. With this implementation, the yearly inflation will be 3.6% currently and will exponentionally decrease because of the static value of the rewards. Every staked block will now give the staker 2 NAV. Depending on how many people are staking, the yearly percentage varies. With the network weight currently being around 20'000'000 NAV, stakers earn around 10% rewards from staking 24/7. Cold staking To provide extra security to participants in the staking process in the NavCoin network, the core team decided to implement cold staking. This allows to store NAV offline and still be able to sign staking inputs. Looking forward, a possible integration into the Ledger Nano S would mean, that one can stake NAV securely from a offline hardware wallet. How cool is that? OpenAlias One of the core principle of NAV is to simplify cryptocurrencies. Many non-technical people are deterred from the long, cryptic addresses used in wallets. When sending funds, you have to make sure that every single letter and digit is correct which is nerve-wracking for the average person. NavCoin has implemented OpenAlias, which allows to transform the wallet address into a email-like form. Everyone can register a name like "[[email protected]](mailto:[email protected])". Funds can then be sent to this name, which makes sending crypto much easier and less error-prone. Community Fund This is the one big feature I was most excited about. NavCoin core has implemented the first fully decentralized community fund. Acceptance of proposals and release of funds is all approved by the decentralized network. No central authority has access to the fund. The community fund enables everyone to propose their ideas to the NavCoin community and to get paid to implement these ideas. Everyone can propose whatever they like (of course there is a higher rate of success if the proposal contributes to the NavCoin ecosystem ;-)). In fact, this article was sponsored by the NAV-Community by voting "yes" for my proposal. The fund works like this: For a fee of 50 NAV, everyone can create and present his idea/proposal to the entire NavCoin network. The fee is here to help prevent spam attacks. Proposals can literally be anything - be it development, marketing or anything else you can some up with. After creating the proposal, everyone contributing to the NavCoin network can then decide if they like the proposal of not. They vote with "Yes" or "No" for the acceptance of the proposal. Voting happens via staking. Every transaction that gets validated by you gives you one vote. This means that the more NAV you are staking, the higher your voting weight is. The proposal stays in the state "Pending" until it is accepted or rejected. To be accepted, a proposal has to have a participation of at least 50% of all staked blocks and at least 75% of these votes have to be "Yes"-votes. Like-wise to be rejected a proposal need 50% participation of the network and 75% of these votes have to be "No"-votes. Additionally, if a proposal didn't pass after 6 voting cycles (about 6 weeks) it is also rejected. After a proposal has been accepted, the creator of the proposal can start his work. When the work is finished, or at in the proposal defined checkpoints, the proposal creator can create a payment request for the full or part of the requested funds. The NavCoin network can then again decide, if the work is what the creator promised to do and vote for the funds or reject the payment request because it was not what he promised. This mechanism ensures, that the funds are only release if the creator of the proposal did what he promised. The NavCoin network decides everything, there is no central authority which makes the community fund 100% decentralized. The community fund is quite new but there have already been some proposals that were accepted like paying for the development & hosting of NAV block explorer, the creation and distribution of NAV car stickers to the community for free (or paid by the community fund), the funding of interns for NavCoin Core, translation of the website into other languages and YouTube videos. What ideas could you come up with? By the way: this article was also sponsored by the community fund :-) Proof of Stake Like said before, NavCoin uses the Proof of Stake algorithm to create and validate blocks. Participants of the NavCoin network can earn rewards by putting their coins to stake and thus validating blocks and securing the network. The reward used to be 4% fixed but recently changed with the implementation of PoSv3. Currently, rewards for stakers that are staking 24/7 is about 10% but it is dependent on how many people are staking. If more nodes come online, this reward will go down. If 90% of all NAVs would be at stake, stakers would still earn 4%. Tutorials And Guidelines  The NavCoin Core team pushes the community to contribute to the NavCoin ecosystem constantly. They emphasize that NavCoin is an open source project and everyone can contribute. The team tries to make it as easy as possible for the average person to contribute and thus created different tutorials and guidelines. Tutorials To Contribute To The Website The whole website is open source. Everyone can contribute to the website. The team created different guides for people to follow . The NavCoin Developer Manifesto The content creator core team has build a developer manifesto. It defines the values that should be uphold like for example that they will always operate in the best interest of the network. If defines the principles, purposes, scope of involvement and operational requirements . The NavCoin Content Creation Manifesto Similar to the developer manifesto, there is also a content creation manifesto. Again it defines the principles for creating content, the purpose, the scope of involvement and the operational requirements . NavCoin Brand Guidelines In addition to the content creation manifesto, there is also a brand guideline booklet. This should help content creators to create images, videos, articles etc. in the same style as the core team. It defines the NAV brand. The brand guidelines contain definitions, the language to use (words to use, words not to use), the tone of voice, what the community aspires to be and what we discourage to be. It also contains the logo pack which can be used in graphics etc. It describes correct logo spacing, logo placement, the colors of NAV and different web assets. It gives tips about gradients and overlays, the typefaces (with a font pack) and many more. Check it out yourself . NavCoin Educational Series The core team has decided to actively involve the community in the creation of new features. For this reason and to allow users to ask questions, they created the NavCoin Educational Series. The core team schedules an online live meetup which can be joined by everyone. On YouTube they do live-streams and explain upcoming features. Examples of these series are explanations for cold staking, static rewards (PoSv3) and the community fund. The community can ask questions live and the core team will answer them immediately. Community During the last year there have been an influx of software developers from the community starting to create features for NAV. navexplorer.com An examples is navexplorer.com which is programmed by community developer prodpeak and is a block explorer for NavCoin. Additionally, it functions as a interface to see what is going on in the community fund. It shows pending proposals and payment requests. NEXT Wallet The NEXT Wallet is an alternative wallet for NAV and other cryptocurrencies. It has a beautiful user interface and is additionally the easiest interface to interact with the community fund (create proposals, create payment requests and vote for proposals and payment requests). It is programmed by community developer sakdeniz who put hundreds of hours into it during last year. There were also some marketing activities starting to emerge with the release of the community fund. Some of these were for example free stickers for everyone in the NAV community to stick to their car / shop / window etc. or YouTube videos of CryptoCandor and Cryptomoonie that explained the details of NAV. I am sure, that with the 500'000 NAV available in the community fund per year there will be an influx of gread ideas - development as well as marketing activities - that will be funded.
Introduction These features are planned for the future. Many of the following features are part of the 2019 roadmap. Some will not be described in great detail because not much is known about them yet. I've still listed them as they are part of what is yet to come. Features Rimu - Improved Privacy Solution NavCoin used to be a optional privacy coin. That means, that you could choose to send a transaction in private. NavCoin was criticized for the way it handles private payments because it relied on a few servers which didn't make it that decentralized. The technology was called "NavTech" and was a secondary blockchain that obscured the transaction and the amount that was sent. NavCoin Core is currently developing a new improved privacy solution that will make the private payment system completely trustless and districuted and runs at a protocol level. Alex of the NavCoin Core team has published a paper that describes this new privacy solution. It's called Zero Confidential Transactions and can be found here: https://www.researchgate.net/publication/330366788_ZeroCT_Improving_Zerocoin_with_Confidential_Transactions_and_more. What I want to highlight is the collaboration between Alex as the proposer of the solution and the Veil team, a Bitcoin Core developer and Moneros main cryptographer as reviewers. When the best work together, it will be interesting to see what the outcome is! Valence Plattform  Valence is an applied Blockchain platform that can help businesses realise the tangible benefits of blockchain. You can think of Valence as a platform with which you can build Anonymous Distributed Applications (aDapps) with. But Valence is a different kind of platform that enables developers to create new types of blockchain applications. The problem with current (turing complete) dApp platforms are their complexity and rigid nature. Security holes in smart contracts and scaling issues happen frequently . Valence provides transitional pathways that let businesses migrate only part of their activities to the blockchain without having to restructure their entire business model .
Valence will provide a spectrum of blockchain application solutions which sit along the decentralized spectrum, offering businesses simple ways to dip their toes into the blockchain at minimal risk or complexity .
Thanks to the proof of stake nature of the Valence blockchain, more of a node's resources can be used for processing and routing application data which makes the platform faster and scalable.
Valence aims to make building blockchain applications as accessible to the general public as WordPress or Squarespace has made building websites.
The developers NavCoin and Valence aim to make Valence extremely easy to work with:
A Valence application could be an open source mobile or web application that submits unencrypted or encrypted data directly to the blockchain. The only configuration necessary for the app developer would be setting up the data structure. Once they've done that they can start writing to the blockchain immediately. The Valence blockchain interface is language agnostic, meaning developers are free to build applications in whichever language they're familiar with, which greatly reduces the barrier to entry. As the platform progresses, Valence will introduce more and more smart contract templates in collaboration with the development community. These will be like plugins that users can simply select and configure for their application, without having to reinvent the wheel and risk contract errors or spend countless hours of research to program them.
NavShopper The following information is taken from the latest weekly news: NavShopper is a new project which will allow people to spend NavCoin on a growing list of retailers and service providers. NavShopper sits between traditional retailers accepting fiat and NavCoin users and purchases products on behalf of the user by managing the crypt-fiat conversion, payment and shipping. This project will unlock many more ways for people to spend NAV on existing websites/marketplaces without requiring each site to individually accept cryptocurrencies. Some of the prototypes we are working on include crediting your Uber account, buying products on Amazon and donating to charities. Kauri Wallet The Kauri Wallet aims to be an open-source, multi-currency wallet which functions as a foundation for other features. Kauri Enhanced Enhancements to the Kauri Wallet will allow multiple accounts, pin numbers, recurring payments and more. Kauri DAEx The Kauri DAEx is a Decentralised Atomic Exchange that utilises the features of the Kauri Wallet and enables users to create safe peer to peer atomic exchanges for any currency supported by the Kauri Wallet. NavDelta NavDelta will be a payment gateway that allows users to spend NAV at any business which accepts currencies supported by the Kauri Wallet. NavMorph NavMorph is a fusion of Rimu and Kauri DAEx and will allow to privately send every cryptocurrency supported by the Kauri Wallet.
If you have made it this far: Congratulations! You have learned about how NAV evolved, what its current state is and what the future will bring. To sum all up: NavCoin has made incredible progress during last year and released many long awaited features despite the bear market. Many more exciting features are yet to come and it's going to be very interesting to see where we will stand on this day next year.
Unfortunately, the giveaway was not possible in the cryptocurrency-subreddit because of their rules, so I'm doing it here :-) As a surprise, in the next 2 hours I am going to send some NAV to everyone who wants to try out the awesome features and NavPay you read about above. To get your NAVs, all you have to do is the following:
Download the app NavPay from the Android Play Store or as a iOS user, use the NavPay website
Follow the steps to set up your mobile wallet
Backup your private key (the random words) so you could restore your wallet if your phone breaks or something like that!
Post your public address, so I can send you some NAVs
If you liked the experience, I'd be happy to hear back from you :)
Weekly Update: ParGas is live, 2gether at South Summit, $ETHOS rebrand, updated $1UP tokenomics... – 27 Sep - 3 Oct'19
Hi everyone! Here’s your week at Parachute + partners (27 Sep - 3 Oct'19): ParGas went live this week. From now on, you will get an additional option to pay for gas in $PAR when making ERC20 withdrawals from ParJar. Epic! Read all about it here. In this week’s Parena, Samuel defeated Martha in a quick finale to take home the lion’s share of the 100k $PAR pot. The #PAR4PAR contest entered stage 4. 200k $PAR in prizes. Insane! In this week’s Tiproom trivias, Ridwan hosted a 10 question quiz for 25k $PAR in total. There was another Math trivia for 25k $PAR more. Sweet! Doc Victor hosted a Champions League wager for 50 participants with a 10k $PAR pool. This PAR logo is entirely made using ASCII code. Courtesy: Jose Tiproom #mememania winners. Alimam and Rogel were tied in 1st place The winner of the USD 500 BTC aXpire contest was announced this week. Congratulations to yo*******[email protected]! Rohit and my article on how Big Co and Big Guv is using blockchain was published in Altcoin Magazine. Week 39 update from the aXpireverse can be seen here. The weekly 20k $AXPR burn went ahead like clockwork. The latest 2gether app update now allows you to send $BTC and $ETH from your account to any wallet. Noice! The team, in the midst of shifting offices, set up camp at South Summit where 2gether is one of the finalist startups. Click here, here and here for pictures. As a finalist at the Summit, CEO Ramon got the opportunity to deliver a pitch to attendees. Plus interviews by Emprendiendo.TV and Funontheride. Great! The WednesdayClub dApp continues to airdrop $WED tokens every Wednesday. Make sure to get in on the action. Parachute HQ recently shifted to the WeWork Navy Yards in NYC. Beautiful XIO’s Binance Dex listing proposal* was submitted this week. For listing on the Dex, all projects submit detailed proposals and answer questions from the Binance Node operator community who then evaluate and decide on the listing. Read more about it here. Plus, there’s a hint of an $XIO doubling opportunity in there. The full roadmap (XIO Atlas) was also released with the proposal. An updated promo video came out as well. $XIO distribution to the giveaway winners was completed this week. In this week's discussion threads, Zachary talks about leverage, ERC20-BEP2 bridge, XIO capital and how many native tokens will incubated startups share with XIO citizens. The $BOMB Instagram is now handled by the community. So the BOMB Board opened up a proposal form for opinions from the community on how best to manage it. \[As shared in last update, the switch to Binance Chain has been shelved. $XIO will stay on Ethereum. But there will still be a token swap. Details will be shared in a later update]* Two updates back we saw the WIP version. Here’s the full version of XIO Atlas The $ETHOS token will be rebranding to Voyager ($VGX). The new token will be unveiled in November. Please note that there is no contract swap. This will simply be a rename. You can read more about it here. The bitcointalk Ann goes into even more details on the rebranded token’s use-cases. Understandably, there were lots of questions that came up. So the team arranged an AMA. If you missed it, check out the FAQ. Voyager also received investment from Thrust Capital through a private placement this week. Nice! Congratulations to Bounty0x for getting accepted to the Berkeley Blockchain Xcelerator program. This is huge! The latest update is a great summary the past quarter @Bounty0x – reaching minimum fund raise goal on Republic, new features like Admin Notes, $BNTY staking, integration with Bloom and KABN etc. Fantom hosted an AMA with G.Crypto this week. CMO Michael shared a formalised roadmap article as well to answer all “when” questions. Plus, click here for some cool pics from CryptoBazar Serial Hacking meetup which the $FTM team attended. Uptrenndians, don’t forget to read the $1UP tokenomics update. It explains how the token velocity will work in a way such that everyone gets an equal opportunity at stacking $1UPs no matter when they join. BTW, if you didn’t notice yet, Uptrenndian made it to the Urban Dictionary. You can vote to keep it there forever. Let’s go! One way to beat Monday morning blues is a healthy dose of Meme Mondays while watching the site climb up the Alexa rankings. Haha. And finally, the team announced a partnership with Xord who will work on the blockchain solutions on the platform. Parachute investor deck sneak peek Mycro conducted KYC for bounty hunters and started a campaign to stop fake entries. OST-backed Pepo app moved to the first live beta stage this week as a precursor to a formal beta launch and presentation at Ethereum DevCon5 in Osaka next week. The team also shared details of how to hop in for a free Shabu Shabu dinner and pub crawl for Pepo beta users at DevCon5. And on top of that, a massive bounty for sharing IRL experiences on Pepo. Dang! Another bounty for usability testing of Pepo with the UX Team was also launched. 3k $OST for each selected participant. Say what! The OST-backed LGBT token now has 4k+ users thanks to the Hornet app. Well done! SelfKey announced a partnership with social watching platform Livetree for providing them KYC compliance solutions during onboarding process. Make sure to read the post to find out how to get a 90-day free subscription on the platform. If you haven't yet watched Constellation advisor and former Sanrio CEO Ray Rehito Hatoyama's interview with Co-Founder Benjamin Jorgensen, you can read about it in The Daily Chain's detailed coverage. If you're a $DAG node operator, this tweet will be of interest to you. Hint: onboarding has started. Folks who missed Constellation's AMA with tehMoonwalkeR can catch up from the transcript. And finally, Arena Match hosted a flash giveaway. Eagle eyed fans got their hands on some sweet $AMGO! Pepo ready to make waves at DevCon5 The month gone by at Opacity saw a 20% increase in new accounts and a ~20% return rate on the site. Read more performance metrics from CEO Jason’s round up article. This month will see a slew of new features like integrated gift card payments, plan upgrades, folder upload etc. A productive community doesn’t stop BUIDLing. Check out ImgOpq which is a community run imageboard that works with public Opacity handles. Fun! Catch up on the latest at District0x from the weekly and dev update. Plus, a shoutout to Ethlance from Jaide of Cryptalk was pretty cool. More partners joined the Hydro dApp store this week including Temporal, MESG and Colony. Hydrogen won the USA Nationals of the BBVA Open Talent Award which is one of the world’s largest fintech startup competitions. As a result, the team won the opportunity to present at the BBVA Open Summit in Madrid. Co-Founder Mike travelled to the World Blockchain Forum Conference in NYC to speak on Libra vs Hydro and data privacy. The South African Reserve Bank shortlisted Hydro for an accelerator programme in South Africa which will culminate in a Demo Day at the end of the month. Two winners from the Demo Day will be chosen who will get to pitch at the Singapore Fintech Festival and receive funding. Good Luck! To read a quick dev update, click here. The Sentivate community voted on whether to burn $SNTVT tokens or host a raffle. One way to participate in the vote was by signing a message through one’s wallet. How? Read this to find out. Chico Crypto’s deep dive interview with Founder Thomas Marchi was released this week. Continuing with last week’s discussion on universal domain system, this week we learned about how Domain Information Service works in the Universal Web. And with that, it’s a close for this week at Parachute. Cheerio!
APETCOIN The project to connect the global furniture industry system AnPhu NBConcept
The project to connect the global furniture industry system AnPhu NBConcept APET - Token Tronscan - the product of AnPhu NBConcept ecosystem I - An Phu Enterprise Foundation $ NBConcept. AN PHU INTERIOR DEVELOPMENT TRADING AND INVESTMENT JSC And NEW CONSULTANCY & INVESTMENT JOINT STOCK COMPANY More than 20 years of experience in interior design and construction, with our enthusiastic and experienced factory and architects and staff, we are always ready to provide customers. . The products have the best quality. Modern factory system of more than 3000m2, high-tech machinery and a team of enthusiastic and experienced architects and employees, we are always ready to bring customers the best quality products . . Add to that the best efforts in innovation and creativity to be able to meet all requirements, even exceeding customer expectations. With the desire to develop Vietnamese brand by internal force and operation guideline: "Honesty - Responsibility - Development", An Phu Furniture always strives to innovate and innovate to give customers the experience. the best. Wonderful experience. The products of An Phu Furniture Group are designed in the direction of utility, aesthetics and high quality. Come to An Phu Furniture, customers always receive the best quality products and services. With 5 criteria to bring quality to customers: Good product quality Competitive price The staff of young, enthusiastic, creative Customer care Warranty regime, maintenance. An Phu Furniture believes that creating a reputation through the quality of products and services, meeting the needs of customers will be a solid foundation for their brand development. We want to be a reliable friend, always accompany, share, bring the best living space for customers. Customer satisfaction and trust is the most important goal we aim to! Come to An Phu Furniture to get the best living space. We are always ready to meet the needs of you and your family. II – IDEAS OF APET COIN PROJECT (APET) AnPhu NBConcept APET Coin_ AnPhu NBConcept connects the global furniture industry system ! First time, We include 2 furniture businesses combined with 1 blockchain technology company. We will issue 500 million APETCoin (APET) . APETCoin (APET) is a token TRC10 of blockchain Tron (TRX) platform use to develop the AnPhuNBConcept ecosystem. We will build a stronger community with hundreds of furniture companies, along with hundreds of businesses that supply materials, machinery, technology, wood materials, paint and lots of money. in Malaysia, Vietnam, Thailan, Laos, Cambodia and China. The project will have a roadmap for each separate period lasting for 3 years. When we enter the third phase, we will have many partners around the world. In the AnPhuNBConcept ecosystem: - Apetcoin (APET) will be used instead of $ for all payments in the system. With blockchain technology, everything will be easy, fast and low cost. Each year, we import millions of dollars of wood from Laos, Cambodia, South Africa, Russia ... In just one year, we import millions of dollars in technology materials, accessories and machines from China, Germany, Italy and Japan. We always have interior projects with luxury apartments, luxury resorts worth millions of dollars each year. We have tens of thousands of officials, engineers and workers around the world working. They need to be paid millions of dollars each month. Imagine, you need to pay all that money for $. The banking system is slow, they take Saturday and Sunday, the costs are huge and the time is too risky. With just a smartphone or computer installed with APET Coin wallets (now, Tron wallets), you can handle all those transactions quickly, safely and at extremely low cost. So why not apply blockchain technology in practice? That led us to form the AnPhuNBConcept ecosystem. As mentioned, we will use the blockchain Tron platform to develop APET Coin (APET) in the first phase. Issue 500 million APET on the Tron platform - a. Phase 1: Q3 2019 & Q1, Q2 2020: ICO APETCOIN, Start Date: 11/23/2019 - End Date: 12/30/2019. * 125,000,000 APET (25%): Bonus + 25% ICO, If you buy 1,000 Apetcoin or more, you will receive 250 Apet (+ Bonus 25%). Please provide your transactional Txid and your Tron Wallet address. We will refund 25% of the Apet you have purchased. * 25,000,000 APET (5%): Airdrop programs to grow the community We will proceed to build and expand the Apetcoin community on media channels: Facebook, Twitter, Telegram, Discrod, Youtube. Carry out all Airdrop & Bounty programs on Apetcoin's media channels. Contact other advertising service providers, project developers to develop the Apetcoin community. * 100,000,000 APET (20%): Developers and developers of project platforms. Paying staff costs, marketing, advertising APET projects in the market. - b. Phase 2: Q3, Q4 2020: Investment platform & exchange list * 250,000,000 APET (50%): Investment platform & exchange list. We will reserve 50% of APET for the main purpose of the project. Test and release investment platform. APET contact lists on most of the exchanges that help spread the project. Exchange list will be updated at Website: http://anphunbconcept.com/. The first phase will be exchange TRX Market, Unnamed .. Tradesatosh, Crex24 and WavesExchange (2020). -c. Phase 3: 2021 & 2022: List exchanges Top, Test of internal payment in AnPhu NBConcept system. Research and development of Blockchain APETCOIN. After the Apetcoin investment platform operates well and stably, the price of Apetcoin is stable, we will proceed to build a blockchain system exclusively for Apetcoin. We will move to the new blockchain house. -d. Phase 4: Q1 & Q2 2023: Completing Blockchain APETCOIN. Conduct Swap APET Token to APETCOIN. You will inherit the hybrid Blockchain network with many advantages of Tronscan Platform. Dapp and Wallet application development for APETCOIN. -e. Phase 5: Q3 & Q4 2023: Releasing Dapp and Wallet apps for APETCOIN. Integration of APET - Banking services. Provides domestic payment service scope. There will be an online banking system with support prices for APET from the revenue of these companies. The Apet Invest app will be available and operational in 2023, we will integrate the Invest platform into the app. You will use the app as to buy, sell Apetcoin with Bitcoin, Trx and a lot of other coins and also the legal dollar $ USD. You can use Apet wallet as SMS Banking system. You can pay bills, send and receive money from anywhere in the world, you can send Apet into Invest system to get profits like the mainstream mainstream banks today. We guarantee to provide a savings Invest system with a minimum profit of 15 - 20% / year. Check out the latest update on Discord: https://discord.gg/ZBcxxRY. - e. Phase 6: Expand connection with the banking system, exchange and payment services worldwide. Developing services, stabilizing Apetcoin price. Each period has a period of 3 years .. III - APET Coin_ AnPhu NBConcept connects the global furniture industry system! APET Coin_ AnPhu NBConcept connects the global furniture industry system ! Information : APET - Token Tronscan - the product of AnPhu NBConcept ecosystem Name: Apetcoin Symbol: APET Precision : 6 Total Supply: 500,000,000 APET Token ID : 1002790 Explorers : https://tronscan.org/#/token/1002790 TronEX : https://tronscan.org/#/exchange/trc20?token=APET/TRX&id=155 PoloniEx : https://poloniex.org/exchange?id=155 Website: http://anphunbconcept.com/ Website : https://noithatanphu.com/ Website : https://nbconcept.vn/ Email : [[email protected]](mailto:[email protected]) Email : [[email protected]](mailto:[email protected]) Email : [[email protected]](mailto:[email protected]) Discord: https://discord.gg/9JbQMAA Telegram: https://t.me/joinchat/Nwfs9BNLlgQRkYiVOcFcZw Twitter : https://twitter.com/AnPhuNBConept Fanpage Apetcoin: https://www.facebook.com/apetcoin Youtube channel : https://www.youtube.com/channel/UCvS4XQdiOiZvA_6OazqmVKw Bitcointalk: https://bitcointalk.org/index.php?topic=5203529.0 Logo : https://photos.app.[Suspicious link removed]/qd6xcHojVWFpvGXi9 Thanks ! Apet Team Core
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