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ColossusXT Q2 2020 AMA Ends!

Thank you for being a part of the ColossusXT Q2 2020 AMA! Below we will summarize the questions and answers. The team responded to 46 questions! If your question was not included, it may have been answered in a previous question or AMA. The ColossusXT team will do a Reddit AMA at the end of every quarter.
The winner of the AMA contest is: ookhimself
Congratulations. I will send you a DM on Reddit.
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Q: Why does your blockchain exist and what makes it unique?
A: ColossusXT exists to provide an energy-efficient method of supercomputing. ColossusXT is unique in many ways. Some coins have 1 layer of privacy. ColossusXT and the Colossus Grid will utilize 2 layers of privacy through Obfuscation Zerocoin Protocol, and I2P and these will protect users of the Colossus Grid as they utilize the grid resources. There are also Masternodes and Proof of Stake which both can contribute to reducing 51% attacks, along with instant transactions and zero-fee transactions. This protection is paramount as ColossusXT evolves into the Colossus Grid. Grid Computing will have a pivotal role throughout the world, and what this means is that users will begin to experience the Internet as a seamless computational universe. Software applications, databases, sensors, video, and audio streams-all will be reborn as services that live in cyberspace, assembling, and reassembling themselves on the fly to meet the tasks at hand. Once plugged into the grid, a desktop machine will draw computational horsepower from all the other computers on the grid.
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Q: What is the Colossus Grid?
A: ColossusXT is an anonymous blockchain through obfuscation, along with utilization of I2P (Armis). These features will protect end-user privacy as ColossusXT evolves into the Colossus Grid. The Colossus Grid will connect devices in a peer-to-peer network enabling users and applications to rent the cycles and storage of other users’ machines. This marketplace of computing power and storage will exclusively run on COLX currency. These resources will be used to complete tasks requiring any amount of computation time and capacity, or allow end-users to store data anonymously across the COLX decentralized network. Today, such resources are supplied by entities such as centralized cloud providers which are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Any user ranging from a single PC owner to a large data center can share resources through Colossus Grid and get paid in COLX for their contributions. Renters of computing power or storage space, on the other hand, may do so at low prices compared to the usual market prices because they are only using resources that already exist.
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Q: Is there any estimated date for the grid? What will set you apart from the opposition?
A: We are hoping to have something released for the community in Q4 this year. The difference between other competitors is that ColossusXT is putting consumer privacy first and we’re actively in the process of working with federal and state agencies in the United States.
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Q: How do you plan to get people to implement the technology? At your current rate of development, when do you foresee a minimum viable product being available?
A: We have been strategically networking with businesses, and we are currently undergoing the verification process in the United States to make bids on federal and state projects. We are working on an MVP and our goal is to have at least a portion of the Colossus Grid ready by Q4 2020.
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Q: When we can expect any use-case for COLX? A company or service that uses COLX for its activities/tasks.
A: We’re aiming for Q4 of this year to have an MVP, throughout 2021 we will be strategically making bids on federal and state contracts in the United States with a goal to expand operations exponentially.
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Q: Are there any plans to be listed on the more prominent exchanges e.g binance, kraken?
A: Yes, we have applied to some of these exchanges that are considered Tier 1 or Tier 2 exchanges. Many of them upfront will tell you there are no fees associated with the listing, that is not entirely true most of the time. Regardless, have applied and are awaiting more responses as we move forward. Listing on these exchanges often requires that we cannot announce this information until ColossusXT is live on its platform.
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Q: Partnerships are the norm these days in crypto world. Which partnership would you consider feasible, if any, in order to grow the Colossus Grid project?
A: The Colossus Grid is a huge undertaking both in development and business partnerships. We are moving in both these directions strategically. One of the most important partnerships is not really a partnership but approval to bid on state and federal contracts. Working with the governments around the world will be a big part of the Colossus Grid use-case.
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Q: If the ability to annonymise coins is turned off, can CLX still be marketed as a privacy coin? Do we have a date we can start using this feature again?
A: Yes and No. It’s frustrating right now having a lack of privacy for consumers as we don’t see privacy as a feature but a right. EVERY platform online should have some levels of privacy for their consumers, especially as technology continues to evolve and bad actors continue to use your personal information for their own nefarious purposes. Obfuscation will be implemented in the coming weeks, and Armis will follow suit shortly thereafter.
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Q: When can we expect the grid to come out?
A: We are looking at releasing an MVP towards the end of the year. Stay tuned during Q3 and Q4 as we ramp on technical and business developments.
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Q: Can you tell the current budget for development work?
A: Much of the development work budget comes from Core team member's disposable income, we also use the self-funding treasury that Masternode owners vote on each month.
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Q: Will cold staking be implemented somedays? I like the model of Cardano. Hope you will implement kind of Cardano staking in our wallet. I would love the easiness.
A: ColossusXT staking has been enabled since 2017. We have calculators on the website that will estimate your average staking returns and you can join numerous pools to increase your staking power within the pools. Cold staking is on our radar and will make it into the roadmap when our budget allows us.
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Q: Which part of grid technology are you planning first to go live? Storage/RAM/CPU/GPU/all at once? Separately?
A: We will be rolling the Colossus Grid out in two phases. The first phase will be storage, and then we will roll out computing power (RAM/CPU/GPU).
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Q: Is Armis I2P technology in development testphase I mean, I have read something like that… If Armis goes live, will there be some kind of option in deskopt wallet to transfer anonymous or will every transaction be fully anonymous like e.g. monero?
A: We recently had a testing phase with the community earlier this year, there will be another test phase with community participants who sign up. If you’re interested in this stay tuned on our socials and apply when the next testing phase happens All transactions will be fully anonymous behind Armis.
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Q: What programming languate is being used for developing COLX? How well this programming language do you think is more suitable for developing crypto, in comparison with other programing languages?
A: C++ is what we’re using at ColossusXT. Each crypto project is different but with what we're developing at ColossusXT. We are best suited to utilize C++.
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Q: What is the second biggest milestone other than launching the grid network for the team. What do you think of your competition like Golem network?
A: Armis will be a big milestone, and I don’t think we go back to our Polis partnership which allows users in Europe and Mexico (they do plan to expand to the US and other countries) the ability to spend their ColossusXT (COLX) wherever Mastercard is accepted. I don’t think the Golem network is taking consumer privacy far enough, in the blockchain industry I also see a lack of drive to push adoption within the United States. This is likely due to unclear regulations right now. ColossusXT is at the forefront of these issues and we intend to lead blockchain through these somewhat murky waters.
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Q: I don’t have a lot of knowledge about crypto-technology… but are there any risks of sensitive data-hijacks through Colx infrastructure? Will the Colx-grid be available for individuals or only larger corporations, and how would one get access to the computing power?
A: There are always risks with technology. We are doing extensive testing and more testing prior to releasing anything. Consumer privacy is apart of the foundation of what we’re building at ColossusXT and we want to ensure any and all of your personal information is secure and private. As technology evolves, we will be right here evolving with it to ensure that consumer privacy protections are always in place.
The Colossus Grid will be available to anyone with a computer. You will access it through the desktop wallet.
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Q: Do you have any new exchange listings planned in the near future?
A: Yes, but unfortunately with these things, every day it’s not something we can often say before the exchange makes their own announcements. If you have certain exchanges that you prefer, do not be shy and tag us on Twitter letting us and the exchange know. You can also reach us everyday at all hours of the day and night on Discord and Telegram.
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Q: Given that Colx had no ICO, are we able to ramp development efforts in case we have potential partnership deal on the table?
A: It really depends. We strategically spend every dime we spend on development. We do not like even a single penny to be waisted, so we don’t move as fast as the projects that raised millions of dollars, but we continue moving none the less. Ramping up our development is something we are working on by securing additional funding and we’re currently working on securing funding. 😊
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Q: How is the project development advancing? What are your plans for the next 5 years and what more can we expect from ColossusXT?
A: Our development is continuing on at a steady pace, we’re looking to ramp this up over the next year as the Colossus Grid will take much of our time but we’re excited. Over the next 5 years, you can expect the Colossus Grid to be live in all forms (storage and computing power), Armis will be released and we will share many technical details on how this consumer privacy protection rivals some of the other privacy protections in the blockchain industry. We expect to be verified and approved to work with the agencies in the United States long before then as well and will be aggressively pursuing federal contracts to utilize the computing power of the Colossus Grid. In 5 years, we plan to be a key player not just in the blockchain industry, but throughout the world. If you do not know ColossusXT now, expect to in 5 years or less.
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Q: Users often care less about technology, but rather the value of the token. How do you manage to strike a balance between developing the technology and also improving the value of COLX? There are so many privacy coins now, all of them claiming to have better features that ColossusXT. Moving forward, what do the next 10 years look like for ColossusXT in navigating the wave of privacy projects coming. How can ColossusXT continue to shine in the midst of seemingly legit projects that have come to challenge ColossusXT like mimblewimble projects and Monero, Zcoin, ect.?

A: The Colossus Grid and Masternodes will have a strong relationship with each other. When the Colossus Grid goes live we expect the masternode demand to continue to rise. Masternodes are a great incentive mechanism to increase network strength and will play an important role within the Colossus Grid. The more masternodes online, the less available coins in the circulating supply; which we expect will eventually reflect ColossusXT (COLX) coin value.
Over the next 10 years, ColossusXT (COLX) will solidify itself as a key player in the blockchain industry, and outside the blockchain industry. Following our strategic business plans, we intend to be one of the first, if not the first to truly bring government and other businesses into the blockchain industry through the Colossus Grid. Armis will be our defining privacy feature, which we expect in time will begin to be adopted by other projects. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: How have the number of Masternodes (MNs) increased/decreased over time/in the past few years? What proportion (%) of MNs actively take part in Governance? How do you see the number of MNs increasing/decreasing in the next couple of years? Is there a trend upwards or downwards?
Is there a specific number (or range) of MNs the team would like to attain ideally? Is it better to have as many MNs as possible or is there a point at which too many MNs start to have an adverse effect on the performance of the blockchain?
Hope this wasn’t too many questions in one :), Ahmed

A: The number of masternodes in the active network is more or less the same, fluctuating around 200-220. About 40% - 50% of masternodes participate actively in governance (see https://governance.colossusxt.io). We expect a number of masternodes to grow as they will have additional benefits with Colossus Grid (see business plan: http://bit.ly/COLXBPLive).
As the team had no premines, only the dev fund can be used for masternodes which is hard to maintain due to actual budget flow. It’s better to have as many masternodes as possible for the network, there is no adverse effect.
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Q: Of all the milestones that $COLX has achieved since your humble beginnings, which do you consider to be the best of it all? What achievements do you feel proud most?
A: It’s often not mentioned but I’m very proud of our partnership with PolisPay, which allows ColossusXT community members to purchase Amazon, Spotify, and other gift cards with ColossusXT (COLX) through the Polis platform. You are also able to spend your COLX anywhere Mastercard is accepted, the card is available only for EU citizens right now and the Polis team hopes to bring in other countries in the future.
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Q: There are problems that can slow down the course of a project such as the emergence of globalization, given the tighter budget, shorter implementation time requirements. My question is, How does $COLX resolve the issue?

A: Given the current situations around the world the Colossus Grid has more value than it ever has, and that value will continue to grow once we have released the Colossus Grid for consumers to share and utilize resources. You can already see from the [email protected] initiative that people are eager to share their computing resources to help researchers simulate different COVID19 simulations. We’ve always worked on a very small budget at ColossusXT starting with 0$ in funding and no pre-mine or ICO/IEO. This project was built for the community by the community, and as of lately we’ve actually been ramping up our business strategies and developments. Since we have all already worked remotely before the COVID19 pandemic, it interestingly allowed us more time to focus and achieve these goals as our day jobs allowed us to spend more time on ColossusXT.
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Q: How will you fight with regulators who are trying to stop privacy coins?

A: We have an amazing legal team at ColossusXT, and they are on top of any new law or regulation that comes out. We’re not afraid of regulators and our legal team makes sure that everything we do for ColossusXT is law-abiding. It's time the world stops looking at privacy as a feature and as a right, especially when you read about different applications and platforms using your personal DATA for their benefit. ColossusXT will continue to push this, and we're prepared to lobby this to lawmakers. --------------------------------------------------------------------------------------------------------------------------------------------------
Q: What type of utilities can $COLX give to users over its competitors like GOLM (computation) or STORJ (Data)?

A: The Colossus Grid has some major differences between Golem and Storj. One we’re a privacy-focused project. If you take a look at many of these applications and platforms today, in some way or another you’re giving up personal information, and/or geographic information. ColossusXT is focused on protecting consumer information, we do not look at privacy as a feature, we see privacy as a right, especially in the tech world today.
The second part of this question is that we’re currently in the verification process of registering with the United States federal and state governments so that we can legally bid on federal and state projects and work with different agencies. This will ensure that as the community members are sharing their idle resources, large corporations and businesses are using it. I’m not aware of the mentioned projects being registered in the United States or taking steps to work with the United States government.
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Q: How will computing power and storage sharing look like, for an average user (marketplace, program download)? What are you currently working on, when can we expect MVP? TY
A: The marketplace and Colossus Grid will be inside the ColossusXT desktop wallet that you currently have now. The UI/UX will change some to allow the additional settings and tabs that will become available and we’re preparing an MVP right now and we hope to share those details with you over the next few months, ask us again in the Q3 AMA if you haven’t seen anything yet :)
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Q: What would you say is the $COLX killer feature that sets it apart from the rest of the competition.
A: We believe that Armis is our killer feature. We recently had a beta this year with the community and will be moving forward later this year with Armis. ColossusXT consumers will have their geographic location and IP fully hidden behind the Armis layer for further security and anonymity for the transactions which will also take place in the Colossus Grid resource marketplace in the future.
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Q: I have been a silent follower of $COLX and I must say that I'm truly impressed with how the team has been diligently working on the project. It'd be nice to have the community be part of something like a bounty or a social awareness contest. As this will not only attract more users to the platform but would also strengthen the bond within the community. When can we possibly expect a community project of this level? #spreadthegrid
A: We currently have a Gleam competition ongoing for social awareness, and we just hired a community manager to spread more community awareness and will be rolling on competitions more regularly. Every quarter we have an AMA on Reddit for the community to ask questions, or just gripe at us, and one person each quarter is awarded 100,000 COLX for participating in the AMA. As we deliver our targets and grow, we will shift more funds from development funds to marketing funds to raise further awareness.
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Q: "Our main competitor is crypto adoption. We are all here to make it happen together.", this is quoted from a founder of a known crypto wallet. Do you see competition as something that strengthens the project as a whole or as a possible distraction due to pressure to be at the top of the crypto ecosystem?

A: This is a two scenario situation. Competition is good for ColossusXT, and we look at our main competitor in blockchain as Golem (GNT), having said that though too much competition or sometimes maximalist behavior isn’t good for crypto, many of these projects should be coming together to lobby lawmakers for laws and regulations that are good for the blockchain industry, as this is still an emerging market and the laws and regulations aren’t exactly in place at this time.
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Q: "For people to believe in crypto, they need to understand the tangible benefits it offers to our society.", a remark made by a crypto project in the past. What exactly would be $COLX real life global benefits? And how do you plan on achieving this?
A: ColossusXT vision will be achievable when the Colossus Grid is released. We are currently in the process of registering with state and federal agencies in the United States, once we are registered to work with these agencies we will pursue contracts with the government, cybersecurity firms and colleges all around the United States, and the world to utilize the resources on the Colossus Grid. We’ve already started building business relationships for this very purpose.
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Q: According to you how much time will it take for $COLX to get into mainstream adoption and execute all the plans set for this project?
A: It’s almost impossible to set a timeline on when the world/people will begin to adopt ColossusXT (COLX) and the Colossus Grid. We don’t believe that adoption for ColossusXT will happen before the Colossus Grid is live, and if I gave you an exact timeline for when or how long it will take you for the Colossus Grid to be adopted I would be lying to you, but we are already forming business relationships and making strategic moves to be able to bid, and work with state and federal agencies in the United States.
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Q: Does Tokens.net plan any kind of staking ($COLX or other coins)?
A: We will reach out to the tokens.net team and see if they have any plans to allow staking.
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Q: How will you try to boost adoption of #COLX, how do you think you will motivate programmers to join opensource project?
A: The Colossus Grid will be available for anyone to use, or share their idle resources for other consumers to use. We will be focusing on providing these resources to state and federal governments, cybersecurity firms, and researchers all across the world. Certainly, we expect some community members to use these resources to mine different PoW cryptocurrencies, but the team at ColossusXT will be focused on bringing in large colleges and universities as well as big cybersecurity businesses that may need supercomputing power at 1/10th of the current prices. Our programmers are our only paid team members, and we pay them at a competitive rate. We’re looking to bring in some more programmers later this year.
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Q: Do you have any special development funds for programmers?
A: Sometimes we pay our programmers out of our own pocket, sometimes we pay them in ColossusXT. It really depends on what kind of agreements have been made. We have been aggressively pursuing different funding opportunities throughout 2020 so that we can expand our development team and in the future, we may have incentives to drive programmers into joining our team. Right now we just stick to a competitive pay scale within the industry.
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Q: Why Android Wallet Revision hasn't been done? Any problems?
A: The Android wallet revision took some time to be approved in the Google Playstore, but it has been released and live since June 15, 2020.
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Q: Whats the second biggest milestone other than the grid network for COLX team?
A: Armis is likely to be considered our second biggest milestone this year, although as I mentioned above this can easily be overshadowed by our Polis partnership which allows you to spend ColossusXT (COLX) anywhere Mastercard is accepted. Although the epay debit card ownership is currently restricted to certain countries (EU zone only), these restrictions will lift in time.
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Q: How is COLX team going to contribute to crypto adoption, other than building a robust network?
A: We’re already in the process of verification to work with state and federal agencies. Adoption for blockchain projects isn’t going to move fast. I read a report just a few days ago about how scammers in the crypto industry stole over 2 million dollars worth of crypto just from the “Elon Musk” impersonations on Twitter.
We will continue to build our network, and seek out state and federal agencies as well as private cybersecurity firms that can utilize the Colossus Grid, we’re not just focused on making noise on social media, we intend to make noise throughout the entire world.
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Q: Are their industry partners to COLX that are awaiting your network to go live?
A: Yes, although I hesitate to go into too much detail here. We are talking with business leaders.
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Q: The ongoing crisis affected the market badly, making many projects far from their targets. What is $COLX strategy in order to survive and pass through this crisis?
A: I agree it affected the market badly, especially the projects that raised hundreds of millions of dollars in crypto and held it through the entire market correction. ColossusXT strategy is different from those affected, we’ve always had a smaller budget than these large projects. We spend the money we have available very wisely, and we’re not in a hurry to grab something that sounds good without doing our due diligence. We make our moves very strategically.
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Q: I gotta ask, what made $COLX decide to get listed on Tokens.net? What beneficial advantage does $COLX get in doing so? How about Tokens.net?
A: Tokens.Net is one of the best exchanges ColossusXT is listed at the moment in comparison to others in terms of volume.
  1. Tokens.net is one of the most secure and transparent exchanges out there, registered in the UK.
  2. The team behind the exchange has deep roots in the crypto/blockchain space, it was co-founded by Damian Merlak, a crypto-pioneer and co-founder of Bitstamp.
  3. Tokens.net provides free auto-trading tool / Market Making Bot. Their Dynamic Trading Rights concept adds transparency to trading volumes.
  4. They allow the community voting option of only truly decentralized projects after a thorough screening.
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Q: Hey everyone! What is the main purpose of the coin $COLX, does it have its own chain or is it some sort of an ERC-20 token? Thank you for the answers.
A: ColossusXT has never been an ERC-20 coin. We have been operating on our own mainnet since 2017. The purpose of ColossusXT (COLX) is to be the native currency of the Colossus Grid. This will allow users to share their idle resources on their computers, and consumers will rent/buy those resources to complete whatever they intend to use them for, from processing large DATA to running scientific simulations, to even mining PoW cryptocurrencies.
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Q: When we can expect any usecase for COLX? A company or service that uses colx for its activities / tasks.
A: There are currently use cases now if your location allows you to utilize the Polis Pay app, or if you have a Polis Pay card you can buy things with ColossusXT (COLX). I myself have tested the card buying gas at a gas station. These are not ColossusXT’s primary focus though and much of our use case will not start until the Colossus Grid is live.
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Q: What pairs will colx have to trade with on tokens.net // Will you connect #COLX with USDT EURS or BTC?
A: ColossusXT will be initially paired with Bitcoin (BTC). If the community would like different pairs, they can certainly request them and we will reach out to tokens.net and work to facilitate requests.
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Q: Will you try to convince users to trade on tokens.net if so how will you do it?
A: There is currently a gleam competition for users to sign up and trade on tokens.net. We “shill” tokens.net accordingly through social media to the ColossusXT community, but can’t really convince anyone to use a certain exchange, although we will try to push as many members to tokens.net as we can. We have many masternode holders who reside in the United States and they are not yet allowed to trade on tokens.net.
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Q: How will you try to create liquidity for your pairs?
A: We would like to increase the adoption rate with real-world partnerships such as our partnership with PolisPay for the use of gift/debit cards. As the liquidity is linked with the use cases, supply/demand mechanics, we are also preparing to provide additional use cases of COLX for the crypto world in an innovative & pioneering way; for the time being, we can hint this as a side business till we deliver fully operational Colossus Grid.
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Q: How big is a development team of #COLX?
A: The ColossusXT team is probably bigger than some people realize, partly because many of the team members are very private. We have 9 core members, 2 in-house developers, 3 Colossus Grid architects, and 2 Colossus Grid developers.
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Q: Do you have some security guys in the team?
A: Yes, although I’m hesitant to share too many personal details about team members. We have core team members who have been working in different fields of IT security for several years.
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Q: Since #COLX is planning on having some sort of a marketplace where you can take advantage of computing resources and the blockchain as well, are there any plans on introducing smart contracts? Will it help the grid? Is there a place for it?
A: This has been mentioned a few times in the past so it’s something on our radar, it’s currently not in the development timeline as the Colossus Grid is a massive amount of work. There may be a place for it as the blockchain industry evolves, and I can certainly see some cases where a smart contract can add some value to the Colossus Grid.
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Important Information:
Website
Whitepaper
Roadmap
Business Plan
Wiki
Governance
Partners
GitHub
What is ColossusXT? (YouTube)
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Follow ColossusXT on:
Twitter
Facebook
Telegram
Discord
Forums
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AMA History:
2018 Q1 2018 Q2 2018 Q3 2018 Q4
2019 Q1 2019 Q2 2019 Q3 2019 Q4
2020 Q1
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Brave Browser: TRULY FASTER - The browser that rethinks the web

Brave Browser: TRULY FASTER - The browser that rethinks the web
The Brave browser is very new to the browser scene but they are seriously making a huge thing in the market. Not only promising and insanely fast speed beat out Chrome and Firefox but also security and privacy built in by default for the user. Is this all just hype, is it there is something to it and why most people switch to Brave.

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For the record, Brave Rewards, BAT, Brave Ads & anything cryptocurrency related is DISABLED by default. This is a big misconception as these features are OPT IN and completely optional to the user.
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Extensions/Plugins Brave Desktop now supports most of the Chrome extensions in the chrome web store.
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Brave and Binance Partner to Bring Cryptocurrency Trading Directly Into the Browser

Binance widget integrated into the Brave browser puts cryptocurrency management and trading at users’ fingertips in first exchange-browser integration of its kind.
For more info: https://brave.com/binance/
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China Is Not Banning Bitcoin Mining https://www.publish0x.com/steven-leong/china-is-not-banning-bitcoin-mining-xwnnjej
IBM becomes a shareholder in we.trade https://www.publish0x.com/steven-leong/ibm-becomes-a-shareholder-in-wetrade-xlllkxl
Coinbase allow employee to work remotely after lockdown is over https://www.publish0x.com/steven-leong/coinbase-allow-employee-to-work-remotely-after-lockdown-is-o-xnllmjx
Bitcurate - Cryptocurrency predictive data intelligence platform https://www.publish0x.com/bitcurate-crypto-predictive-data-intelligence/bitcurate-cryptocurrency-predictive-data-intelligence-platfo-xgddnxm
Introduction to Bitcurate LIVEFEED: 1-Stop Crypto Alert https://www.publish0x.com/introduction-to-bitcurate-livefeed/introduction-to-bitcurate-livefeed-1-stop-crypto-alert-xdrrqwj
Resources
  1. https://brave.com/
submitted by letscryptonize to Publish0x [link] [comments]

2020 is here!

2020 is here! Happy New Year to you. May 2020 bring you health, wealth and happiness. You are on track to receive your free airdrop and will be notified once it becomes live. Thanks for being a part of the Bitcoin Black community, here are some updated significant numbers:
Members count Bitcoin Black members count is currently 110,750 and growing.
Betanet 374,476 blocks have been processed on the Bitcoin Black Betanet. Version 1.9.8 of the desktop wallet is now available which has resolved previous issues. The online wallet has also become available for users. https://bitcoin.black/betanet-wallets/ Test out some coins after downloading the Betanet wallet. Enter a wallet address at the following link to see 100 Betanet coins sent to your wallet address in real time. https://bitcoin.black/enter-address/
Rewards Bitcoin Black has over 50,000 registered rewards members. It currently takes 191 referrals to be in the top 110 rewards members. A reminder the top 110 rewards members will be the major owners of Bitcoin Black. Find out more about rewards here. If you are yet to join rewards there won't be a better time to join than now. Alexa Rank Bitcoin Black currently ranks 119,126 in global internet engagement. Binance Petition to be listed is on it's way to 10,000. Bitcoin Black currently has 8753 signatures. https://www.change.org/p/binance-bitcoin-black-bcb-on-binance
Pre-sale Last chance to get involved in the final stage of the pre-sale. 100,000 BCB coins are available for $90. $900 makes you a BCB millionaire. https://bitcoin.black/pre-sale/ https://bitcoin.black/product/pre-sale-packet-100000-coins-stage-5/ Live network movement has begun and presale coins have been distributed. Community created videos 3 videos created by Bitcoin Black community members: Because you deserve it: https://www.youtube.com/watch?v=VlnKcdlIJl8 Back in Black: https://www.youtube.com/watch?v=DwTo4gIeH_I Crypto remote viewing: https://youtu.be/esQDLO88JJs
Set up an IEO foundation All members are encouraged to create a foundation to help grow the Bitcoin Black ecosystem. IEO funds will be split between approved foundations. Set up a foundation and give details on what you will do with $100,000 to help grow the Bitcoin Black ecosystem. https://bitcoinblack.net/foundations/
2020 will be a significant year for Bitcoin Black. For the first time in human history there is a platform where the people have full control of their money, wealth and transactions, not reliant on government or institutions. Distributed fairly from the start with a finite supply. Learn Crypto and get free coins with Bitcoin Black.
Things are just getting started.
submitted by Markedtofuture to AllAboardBitcoinBlack [link] [comments]

Groestlcoin September 2019 Development Release/Update!

For a more interactive view of changes, click here
In our current world; bordering on financial chaos, with tariff wars, Brexit and hyperinflation rife, you can count on Groestlcoin to consistently produce innovation that strikes to take the power away from the few and into the many, even after a full five and a half years of solid development.
Here is what the team has already announced in the last 3 months since the last development update:

What's Being Released Today?

Groestl Nodes

What am I?

Groestl Nodes aims to map out and compare the status of the Groestlcoin mainnet and testnet networks. Even though these networks share the same protocol, there is currently no way to directly compare these coins in a single location. These statistics are essential to evaluate the relative health of both networks.

Features

Source - Website

Groestlcoin Transaction Tool

What am I?

This is a tool for creating unsigned raw Groestlcoin transactions and also to verify existing transactions by entering in the transaction hex and converting this to a human-readable format to verify that a transaction is correct before it is signed.

Features

SourceDownload

Groestlcoin AGCore

What am I?

AGCore is an Android app designed to make it easier to run a Groestlcoin Core node on always-on Android appliances such as set-top boxes, Android TVs and repurposed tablets/phones. If you are a non-technical user of Groestlcoin and want an Android app that makes it easy to run a Groestlcoin Core node by acting as a wrapper, then AG Core is the right choice for you.

What's Changed?

Source - Download

Groestlcoin Electrum

What's Changed?

Android Electrum-Specific

OSXWindowsWindows StandaloneWindows PortableLinux - Android
Server SourceServer Installer SourceClient SourceIcon SourceLocale Source

Android Wallet – Including Android Wallet Testnet

What am I?

Android Wallet is a BIP-0032 compatible hierarchial deterministic Groestlcoin Wallet, allowing you to send and receive Groestlcoin via QR codes and URI links.

V7.11.1 Changes

Groestlcoin Java Library SourceSource - DownloadTestnet Download

Groestlwallet

What am I?

Groestlwallet is designed to protect you from malware, browser security holes, even physical theft. With AES hardware encryption, app sandboxing, keychain and code signatures, groestlwallet represents a significant security advance over web and desktop wallets, and other mobile platforms.
Simplicity is groestlwallet's core design principle. Because groestlwallet is "deterministic", your balance and entire transaction history can be restored from just your recovery phrase.

iOS 0.7.3 Changes

Android v89 Changes

iOS SourceAndroid Source - Android DownloadiOS Download

Groestlcoinomi Released

What am I?

Groestlcoinomi is a lightweight thin-client Groestlcoin wallet based on a client-server protocol.

Groestlcoinomi v1.1 Desktop Changes

Groestlcoinomi Android v1.6 Changes

Groestlcoin Java Library SourceAndroid Source
Android DownloadWindows DownloadMac OS DownloadLinux Download

Groestlcoin BIP39 Tool

What's Changed?

Source - Download
submitted by Yokomoko_Saleen to groestlcoin [link] [comments]

Sextortion Scam - Follow the money

Sextortion Scam - Follow the money
I know that there are some articles about that topic, but i didn't see anyone that tried to track the money:

A few months ago there was a somewhat peculiar phishing campaign. The campaign of sextortion mails, in which a password of the victim was mentioned and an amount X of money was requested in exchange for not publishing a sensitive content of the same.
An example fragment of these mails can be the following:
I am well aware shitpassword is your password. Lets get right to the point. You do not know me and you're probably thinking why you're getting this mail? No-one has paid me to investigate about you.
Well, I actually setup a software on the adult streaming (pornographic material) website and you know what, you visited this site to have fun (you know what I mean). When you were viewing videos, your web browser began working as a Remote Desktop that has a key logger which provided me access to your screen and web camera. Just after that, my software gathered your complete contacts from your Messenger, social networks, as well as e-mail . And then I created a video. 1st part shows the video you were watching (you have a good taste ; )), and next part shows the view of your web camera, and its you.
You will have not one but two choices. We will read up on each of these solutions in aspects:
Very first solution is to neglect this email message. In this situation, I am going to send out your very own video to just about all of your contacts and think concerning the awkwardness you can get. And consequently should you be in an important relationship, precisely how it is going to affect?
Next alternative is to give me $5000. Let us name it as a donation. Consequently, I will straight away eliminate your video recording. You could go on your way of life like this never happened and you are never going to hear back again from me.
You'll make the payment through Bitcoin (if you do not know this, search for "how to buy bitcoin" in Google).
BTC Address to send to: 1MkB7HxxxxxqiNAiJUd7DCTEbAyVG9ab2y
[...]

In the emails it was requested as payment from $ 1000 up to $ 7000 in some occasions, depending on the variant of received message:
Number 2 option would be to pay me $5000. Let us regard it as a donation. In this instance, I will quickly discard your video. You can keep on your way of life like this never occurred and you surely will never hear back again from me.

2nd option is to pay me $1000. We are going to name it as a donation. In such a case, I will straightaway eliminate your video recording. You could go on with your daily ro utine like this never occurred and you will not ever hear back again from me.

Other alternative will be to give me $6000. We will regard it as a donation. Then, I most certainly will straightaway erase your video recording. You will continue on your way of life like this never occurred and you will not ever hear back again from me.

I was curious, so I decided to investigate this fraud a little more thoroughly. I collected about 1500 emails from people who notified that they was victims of that fraud. For that I scraped several websites in which this type of case is reported. I extracted the addresses of bitcoin and checked through the blockchain API which of them received a payment.
Of the entire sample, around 325 addresses have received a payment. This means that around 20% of the victims are paying (in the event that the pattern of the sample continues). You can get an idea of the amount of money that can be earned behind this scam.
Confirmed payments of 322 addresses involved on sextortion scam - Maltego CE

In total, the addresses have raised $ 176,010. If we follow the trail of transactions, we can see how the funds end up in their vast majority in the Binance hot wallet and another direction apparently associated with Poloniex.

I have also detected some intermediate addresses that have moved a lot of money, and interesting end addresses like the following:
Transaction tracking - Maltego CE

Another address that caught my attention for having seen it before related to cases of scams was the following:
This address appears related to cases of fraud, in the following articles (highly recommended) this data can be appreciated.
Apart from these addresses, there are too many relevant addresses to detail each one in the post.
As you can see, the amount of money that moves between these addresses is overwhelming. This makes me think about the possibility that the same addresses are used to move funds from other scams.
Transaction tracking becomes quite complicated, with more than 10,000 addresses appearing in the tracking of a single payment.
Tracking a payment - Maltego CE

At this point, due to lack of resources and time, I think it is unfeasible for me to continue the investigation alone.
If someone wants to collaborate in the investigation or needs the data, contact me.
submitted by BISH4 to OSINT [link] [comments]

ColossusXT Q1 2019 AMA Ends!

Thank you for being a part of the ColossusXT Reddit AMA! Below we will summarize the questions and answers. The team responded to 22 questions! If your question was not included, it may have been answered in a previous question or AMA. The ColossusXT team will do a Reddit AMA at the end of every quarter.
We do have a question. Should we change the two examples that we have used for the past year, or should we continue to use those?
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The winner of the Q4 AMA Contest is: Gettyspurgu
You will receive a message from me shortly for a deposit address.
Thank you to everyone who participated.
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Q: Why does your blockchain exist and what makes it unique?
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A: ColossusXT exists to provide an energy efficient method of supercomputing. ColossusXT is unique in many ways. Some coins have 1 layer of privacy. ColossusXT and the Colossus Grid will utilize 2 layers of privacy through Obfuscation Zerocoin Protocol, and I2P and these will protect users of the Colossus Grid as they utilize grid resources. There are also Masternodes and Proof of Stake which both can contribute to reducing 51% attacks, along with instant transactions and zero-fee transactions. This protection is paramount as ColossusXT evolves into the Colossus Grid. Grid Computing will have a pivotal role throughout the world, and what this means is that users will begin to experience the Internet as a seamless computational universe. Software applications, databases, sensors, video and audio streams-all will be reborn as services that live in cyberspace, assembling and reassembling themselves on the fly to meet the tasks at hand. Once plugged into the grid, a desktop machine will draw computational horsepower from all the other computers on the grid.
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Q: What is the Colossus Grid?
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A: ColossusXT is an anonymous blockchain through obfuscation. Zerocoin Protocol, along with utilization of Armis (I2P). These features will protect end user privacy as ColossusXT evolves into the Colossus Grid. The Colossus Grid will connect devices in a peer-to-peer network enabling users and applications to rent the cycles and storage of other users’ machines. This marketplace of computing power and storage will exclusively run on COLX currency. These resources will be used to complete tasks requiring any amount of computation time and capacity, or allow end users to store data anonymously across the COLX decentralized network. Today, such resources are supplied by entities such as centralized cloud providers which are constrained by closed networks, proprietary payment systems, and hard-coded provisioning operations. Any user ranging from a single PC owner to a large data center can share resources through Colossus Grid and get paid in COLX for their contributions. Renters of computing power or storage space, on the other hand, may do so at low prices compared to the usual market prices because they are only using resources that already exist.

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Q: Could you give me 3 points where COLX exceeds other crypto and 1/2 point where you think COLX lacks behind or could do better. (Pardon me if my English is not perfect)
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A: Sure.
Exceeds:
  1. Community Service and Support – ColossusXT provides 24/7 support in our Discord Server
  2. Dedication – The ColossusXT team holds quarterly AMA’s and look forward to community questions and feedback. We are active daily in Discord to address ANY concerns or questions.
  3. ColossusXT is building a product, rather than hyping up a nonexistent product.
Lacks:
  1. Marketing – As above, we are well aware that our marketing presence is not as active or strong as many of these other projects. I believe that many of these projects will die off, and the only thing keeping them alive is their marketing. They have stopped building, ColossusXT is very goal and task oriented. Marketing is intended to pick up as we get closer to the Colossus Grid going live.

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Q: Hi
My question to the ColossusXT team :
Can you tell us more clearly about the environmentally conscious cryptocurrency. In what way is it environmentally conscious
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A: You use less energy to mine Proof of Stake blockchains than you do with Proof of Work blockchains. As the Colossus Grid comes online, the computing power that you can rent cycles from, and the decentralized storage will also be at competitive pricing with current systems.

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Q: What is colx doing different from the hundreds of other low market cap coins to rise up and be a player in this saturated market?
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A: ColossusXT’s greater purpose is the Colossus Grid. Please take some time to check out our whitepaper, there is also some sample descriptions of ColossusXT and the Colossus Grid in the first post of this AMA.

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Q: What projects are the COLX team working on in order to promote/achieve mass adoption and usage?
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A: It's difficult to announce anything before the processes are finalized. We have some strategic marketing plans in place for the Colossus Grid that will bring a significant amount more visibility to the Colossus Grid and ColossusXT. I really don't like answering questions by saying I cannot share this information, but in this case; I do apologize.

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Q: How does COLX in its current state and development lend itself to grid computing? For example, why fork from PIVX to make a grid computing coin?
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A: We forked from PIVX because each team member values privacy as a right, and our community is built around thousands of individuals who believe in your right to privacy, and want to make the world a better place by reducing energy consumption and allow access to supercomputing power to any researching, business, or person in the world.

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Q: Hey team! Just wondering COLX initially intended to make their own payment method if I recall correctly. Is the plan to just use these third party cards or are we eventually going to implement our own. I feel like this may bring great value to the project for us being less dependent on other companies. Cheers!
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A: We are currently focusing much of our development funding and time towards the Colossus Grid, we may have more time to focus on this in the future. Currently we have integrated with Polis and Plaak cards in the meantime. We also intend to make fiat purchases available in wallet and will be available on an exchange in the coming weeks.

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Q: As a ColX investor I would like to ask the critical question, why would any online or real store accept colX over many other crypto currencies, that are either more established or more well known.
Can you answer me this as reflective and honest as possible?
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A: Many of these larger projects have also completed large ICO’s. What will make ColossusXT stand out is the level of development we will continue to push and the continued relationships and partnerships we form that will have a meaningful impact on the Colossus Grid; Having no ICO and no premine ColossusXT may seem like a small marketcap coin to many investors, and in a statistical standpoint it certainly is, but at one point those competing projects were not established, and they were not well known. We are here to build the Colossus Grid network, and continue to improve on that network for years to come.

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Q: Do you think there’s any merit in considering a name change, perhaps coupled with a brand re-launch? “ColussusXT” is rather a mouthful!
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A: We have this question come up every AMA I think, and we have given it some serious discussion. It is certainly possible, about a year ago we rebranded from ColossusCoinXT to ColossusXT.

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Q: COLX is quite far in its development now. With that in mind, can the team give us any details as to the architecture for the Colossus Grid? What are its specifications, for example?
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A: A detailed business plan for the Colossus Grid will be revealed soon. The technical details are being worked in a private repo until Beta. Prior to Beta launch when we have all of our ducks in a row. We will release technical details and create a branch in GitHub.

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Q: the daily volume is sometimes below 1k usd, that really is pretty much nothing. how soon can we expect a listing at a "bigger" exchange like for example kucoin?
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A: Listing with some of the larger exchanges requested by the community requires some legal documents that we needed to procure and compliance regulations within the United States. We have acquired them this week thanks to our amazing legal team, and we hope to offer some more exciting exchange opportunities to the ColossusXT community very soon.

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Q: Also are you guys planning to decrease roi on the masternodes and stakingas it is still quite high to seem realistic
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A: We have one of the lowest of the crypto projects. About the time you wrote this question there was a bug in the masternode tracker, and it has since been fixed. Please let me know if this was your concern when you have some time. Thank you

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Q: If you have no money, where will you get it to develop the project? Public recognition will not push the token up if the team has no money for its development. Society recognizes that cryptocurrency, which in a short time achieves great results. And with the help of one enthusiasm, you will not achieve much in any economic sector.
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A: I think there may be some confusion here. We don’t have 0$ funding. We use our own income, the dev fund, and the community crowdfunds for certain opportunities. We have limited funding, which basically means we thoroughly double check everything before spending a dime, we use much of our funding for development of the Colossus Grid.

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Q: Where do you see ColossusXT 10 years from now?
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A: In 10 years I see ColossusXT as a leader in supercomputing and distributed storage industries. ColossusXT will bring cheaper, and more efficient methods of storing and computing, drastically reducing cost and energy consumption to process and store big DATA. "Why our blockchain exists?" takes this further for you; As the Colossus Grid network grows, the strength of it's computing power will grow. Hopefully in 10 years we have cheaper supercomputing power that has helped colleges and researches further their dream of solving problems, answering the difficult question; Skynet does creep into the back of my head from time to time though. ;)

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Q: Will to be possible to bridge a Enterprise Resource Planning (ERP) or SAP like system to provide corporate solution not only for recording business transaction but also to protect Corporations data using COLX protocal?
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A: Colossus Grid will be able to be used either in individual or in corporate level. Depending on the need, corporations can utilize Colx coins to buy storage and make their data protected over Grid instead of depending on servers if relevant.

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Q: After the incident of fake stake attack how do you guarantee the security of chain-based Pos? I mean how you improve the security to prevent or not to happen it again? As you mention that colx is alternative to bitcoin. Is there a possible of mass adoption to colx like bitcoin(btc past 10 years)? If yes. How could it be?
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A: Yes. The Fake Staking bug did not affect your coins, it would cause your wallet to crash for the most part. We are currently doing a massive codebase upgrade, to fine tune and continue to scale our technology and security with technology as it changes.
Certainly mass adoption is possible, but as Bitcoin is not building a network for distributed computing power and storage, we still have some work to do for mass adoption.

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Q: Remote activation is possible for masternodes and it is much safer. Is there already a blockchain technology to do that for staking? If not, is it possible to invent it and apply it in COLX?
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A: There is currently no roadmap item to enable remote activation or offline storage for staking wallets. As a community-based project COLX does honor feature requests when the community demand justifies the cost of implementation or when the community is able to directly fund the change, however, we have not seen any demand for remote staking activation thus far. If this becomes a more common request, we could definitely consider using our monetary resources to add that to the COLX featureset.

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Q: How many Funds do you have left to keep the project running if the bear stays a year longer?
In other words: How safe is my money in colx Tokens?
I dont have a problem to hold them for many years. But I have a problem if you're going to quit the project before the bull returns :-P
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A: ColossusXT was initially built with team funding, to us; it is very important that we complete the Colossus Grid not only for the ColossusXT community, but to show the entire blockchain industry that you do not need an ICO, or a premine to create something great. The Colossus Grid will allow any user to rent or share computing power or storage across the ColossusXT decentralized network. Now we continue to work with funding contributions directly from core team members, we are also utilizing masternode governance that has also increased our funding since ColossusXT was initially launched and several community crowdfunds have been successfully completed. The bear market could continue, and ColossusXT will continue building and optimising the ColossusXT network and the Colossus Grid. We have set out with a mission, and we fully intend to complete our mission of bringing cheap and efficient computing power to anyone in the world.

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Q: How many active developers does COLX have?
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A: 5 active developers are currently apart of the ColossusXT team. We do intend to grow our team with more developers who are passionate about grid computing, creative and willing to break boundaries.

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Q: What are the prerequisites for a system to join Colossus Grid for sharing computing power and storage space?
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A: These details will be released prior to Beta invitations being sent out. There is much that will change between Alpha and Beta.

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Q: Are there any plans to actively promote growth of open source contributions towards ColossusXT core or peripherals?
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A: All COLX development is open source and available on GitHUB. COLX is a community-based project and we encourage talented developers who wish to contribute to contact to the team to see how they can best contribute. The COLX development team is currently focusing on delivering our core applications in a timely manner as outlined in the roadmap. As that work nears completion, we will be looking to expand the team and the COLX product into a variety of peripheral use cases.

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Q: What are your thoughts as to why trade satoshi is delisting COLX?
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A: Tradesatoshi is delisting COLX, along with several other coins, due to their new volume policy. After being listed on Cryptopia last year, most of the COLX volume had departed Tradesatoshi. While it would be nice to have COLX still listed on Tradesatoshi, it likely would lose any potential volume once Cryptopia fully reopens with deposits/withdrawals. The team is committed to applying for larger and better exchanges to help increase volume and the availability to larger numbers of investors. Please keep in mind that the current deadline to transfer any remaining coins from Tradesatoshi is April 15th.

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Q: Hey guys, first of all, great job on the recent addition to Binance Info's transparency initiative. Keep up the great work!
In thinking about potential markets for grid computing, one area that I and many other crypto enthusiasts and miners are already familiar with is hashrate clearing houses like Nicehash. Nicehash is a great service but, just like a centralized crypto exchange, requires trusting a centralized point of failure in order to function. As we've seen in the past, this can lead to issues.
With all that said, it would be great if, in the future, mining hashpower could be bought and sold through a grid computing marketplace in a way that is decentralized, private and trustless. I was wondering if the team had given any thought to a pilot test of the upcoming grid by integrating well known open source mining software as a working platform for compute power buyers and sellers.
I think doing this would have two key advantages:
1. Crypto miners are generally familiar with the process of holding and moving around smaller cap altcoins with their native wallets and may not have an issue buying or selling COLX to complete grid transactions, so in a lot of ways these kinds of folks are ideal candidates to be the first users of the COLX Grid; and
2. If miners come on board in a meaningful way, it may help establish some buying and selling volume for COLX as contracts are bought and sold. This is obviously important for future price stability.
I know that's a lot, but I figured this was a good place to ask and I'd love to know the team's thoughts on this. Thanks for your time and once again, keep it up!
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A: Yes, we have discussed this previously as a team. It is possible that some of the computing power being rented on the decentralized marketplace is being used to mine other cryptocurrencies. While this is not initially the intended purpose for using computing power on the Colossus Grid. It certainly is thinking outside the box, and I’m eager to read some of the future results from community members who do use it for this purpose.

Important Information:

Website
Whitepaper
Roadmap
GitHub
Wiki
Governance
Partners

Follow ColossusXT on:

Twitter
Facebook
Telegram
Discord
Forums
Interested in joining the ColossusXT team?
Contribute an Idea!

AMA History:

2018 Q1
2018 Q2
2018 Q3
2018 Q4
submitted by PioyPioyPioy to ColossuscoinX [link] [comments]

IMPORANT EVENT’S IN JAUNARY 2018

01 January 2018 SunContract (SNC) - "Real live P2P energy trading (limited)" 01 January 2018 RaiBlocks (XRB) - New exchange coming where you will be able to buy and sell XRB. 01 January 2018 Loopring (LRC) - "You will be able to see our 2018 roadmap”. 01 January 2018 Electra (ECA) - Launch of ECA on Next Exchange, on January 1st 2018.
02 January 2018 Electroneum (ETN) - "Mobile miner section of the app in the New Year"
03 January 2018 Qtum (QTUM) - Every QTUM token holder will get 1 UBTC per 100 Qtum Token
05 January 2018 Cardano (ADA) - The Roadmap will be updated.
By 07 January 2018 TRON (TRX) - "Game based on Tron network release" By 07 January 2018 XP (XP) - "Roadmap will be released in first week of 2018."
By 08 January 2018 NEM (XEM) - 4-week competition that aims to tackle real world problems unleashing all the potential of NEM Smart Asset blockchain. By 08 January 2018 Eidoo (EDO) - "Eidoo to destroy 500,000 EDO tokens" 08 January 2018 Edgeless (EDG) - "Registeration for Edgeless starts on January 8th."
09 January 2018 Power Ledger (POWR) - Power Ledger is one of 10 semi-finalists in the 2018 Extreme Tech Challenge in Las Vegas. Finalists will be announced at 9 pm PST. 09 January 2018 Triggers (TRIG) - "I will be announcing the new exchanges listing $trig" 09 January 2018 Modum (MOD) - "To kick off the new year we will be attending the Consumer Electronics Show in Las Vegas."
10 January 2018 Octanox (OTX) - "$OTX will be announcing the listing on new exchanges on 10 Jan." 10 January 2018 Qvolta (QVT) - Adding Qvolta application to Apple Store and Google Play
11 January 2018 LISTING ON DMM(new site for cryptocurrency trading) – Ripple(XRP), Ethereum(ETH), Ethereum Classic(ETC), Litecoin(LTC), NEM, Bitcoin cash(BCH), Bitcoin(BTC),
14 January 2018 Bitcoin Cash (BCH) - "Bitcoin Cash plans to update its address format on January 14, 2018."
By 15 January 2018 Substratum (SUB) - The new video from Substratum shows that they pushed the beta release to early January. By 15 January 2018 Wagerr (WGR) - Team target for mainnet and testnet. 15 January 2018 LIFE (LIFE) - LIFEtoken will be delisted from Coinexchange.io By 15 January 2018 LockChain (LOC) - Global Booking Launch with 10000+ properties.
17 January 2018 ClearPoll (POLL) - Launch Date Confirmed: Clearify will launch in full on January 17, 2018. App, website and browser plugin.
18 January 2018 Edgeless (EDG) - "New Edgeless version launch is happening in January 18th."
19 January 2018 Ethereum (ETH) - Fork height: 4936270 - Block time: Jan 19th 2018 GMT 19:00-21:00
20 January 2018 Solaris (XLR) - ZeroCoin transactions will be activated on 20th Jan 2018
23 January 2018 Power Ledger (POWR) - Dr. Jemma Green will be speaking at the World Economic Forum on behalf of GBBC. 23 January 2018 Decision Token (HST) - The Decision Token will be used by a UN-affiliated Intergovernmental Organisation at the upcoming World Economic Forum.
24 January 2018 ICON (ICX) - "ICON Mainnet will officially launch on January 24, 2018, one week before 2018 ICON Annual Summit"
25 January 2018 Bitcoin (BTC) - "The conference will involve IT developers, entrepreneurs, investors as well as specialized software and hardware manufacturers."
26 January 2018 Ripple (XRP) - Blockchain Technology Evolution in US and China. Speaker: Brad Garlinghouse
By 30 January 2018 AdEx (ADX) - Beta Release
By 31 January 2018 HempCoin (THC) - "HardFork coming January, 2018! The new $THC will be more advanced and comes with many technological upgrades!" By 31 January 2018 Siacoin (SC) - "This fix is a hardfork that activates at block 139,000" By 31 January 2018 Syscoin (SYS) - Blockmarket Web 1.0 & Desktop 1.x By 31 January 2018 EOS (EOS) - "Multithreaded Implementation new shared memory database implementation parallel transaction scheduler with multithreaded [...]" By 31 January 2018 ASH (QASH) - QASH will release the world book beta as stated on their roadmap and social platforms. By 31 January 2018 FunFair (FUN) - "In January we will be submitting to the UK Gambling Commission our application for a Remote Gambling Software License." By 31 January 2018 TRON (TRX) - Listing on a new exchange By 31 January 2018 Cappasity (CAPP) - "The Cappasity platform powered by Cappasity token will be launched on Alibaba Cloud in China already in January 2018" 31 January 2018 ICON (ICX) - "Mainnet, 2018 roadmap, and introduce a number of DApps that will run on top of the ICON network" By 31 January 2018 Binance Coin (BNB) - Each quarter Binance uses 20% of profits to buy back and burn BNB, until 100MM BNB are burned. 31 January 2018 IOTA (MIOTA) - "IOTA Foundation is giving away $1000 worth of IOTA Tokens." By 31 January 2018 Pioneer Coin (PCOIN) - "Web wallet will be available in Januray 2018" By 31 January 2018 Blocknet (BLOCK) - The beta “soft launch” of the Blocknet DX UI is to be expected in January.
submitted by mtrnovec to Crypto_Currency_News [link] [comments]

My attempt at an ELI5 for cryptocurrency to help my friends.

This is a long one so fair warning and no there is no tl;dr. I've only been at this for about 6 months and worked up this paper the other day for my friends who are interested but know very little about this. Hopefully whoever reads this can make in corrections as I am far from an expert.
Blockchain
Cryptocurrency, Bitcoin, Ether are all blockchains. Blockchains are basically a spreadsheet (LEDGER) that is duplicated multiple times across a network and updated regularly simultaneously. There is no centralized version of this ledger. It is hosted simultaneously by thousands/millions of computers. These ledgers will update on their own, Bitcoin as an example automatically checks itself every 10 minutes. Each of these 10-minute increment of transactions (in bitcoins case transactions would be sending or receiving bitcoins from one person to another for goods or services) are called BLOCKS. For these blocks to be confirmed, accepted, and updated to the ledger nodes are required.
Nodes (Mining/Forging)
A node is a computer running the blockchain software on the network. The blockchain software will automatically download the entire ledger of all transactions since its inception. At regular intervals, the software will take the transactions of a block (data on the ledger) and convert them into a mathematical puzzle to be solved by randomly chosen nodes (MINING). Mining requires powerful processors (typically GPUs) and substantial quantities of energy to receive mined tokens profitably. When a specific number of nodes solve the puzzle with the same answer they are basically confirming that the data on the block is accurate as multiple independent nodes found the same answer. When confirmed, the block gets added to the previous blocks making a chain of blocks aka a blockchain. As an incentive to run your computer as a node you are rewarded with TOKENS. If a single person or group of people wanted to manipulate the ledger, the amount of machinery and electricity used to achieve the majority of miners thus allowing you to manipulate the ledger is so exponentially expensive that it serves no reasonable purpose. This is an example of a Proof of Work Blockchain System (computer solves puzzle and rewarded with tokens)
Tokens
Tokens are part of the core of the blockchain. They are an incentive to validate transactions and create blocks. They gain intrinsic value based on the blockchain they are associated with. Some blockchains grant token holder’s different abilities. With Bitcoin, tokens are needed to pay for transaction fees. Others allow voting rights on how certain blockchain functions are managed. There is a limited amount of Bitcoin that will ever be released to nodes (21 million expected to be all be released by 2033) which also keep inflation from being a problem. Blockchains can create their platform with whatever number of tokens they would like and release them or create means to mine them as they see fit. Essentially, as with any other fiat money (currency that a government has declared to be legal tender NOT backed by a physical commodity), as adoption and trust increases the value of the token will increase. If most people accept Bitcoin for services and stores accept Bitcoin for goods than it is as good as the next currency.
Wallets
Whether you mine for tokens, are paid in tokens for goods or services or purchase tokens from a person or currency exchange you need a place to store them securely and a way to send and receive them. Cryptocurrency Wallets don’t store currency, they hold your public and private keys that interface with the blockchain so you can access your balance, send money and manage your funds. The public key allows others to send money to the public key only. A wallet that is "offline" (see Hardware or Paper below) cannot access funds or send money unless it is accessed with another form of wallet, either desktop, online, or mobile.
1) Desktop Wallet - Installed on your computer and are only accessible from that SINGLE computer. Very secure but if someone hacks your computer you are exposed. 2) Online Wallet - Run remotely (cloud based) and are far more convenient to access but make them more vulnerable as they are controlled by a third party and are also vulnerable to hacking attacks. Exchange wallets are online wallets but you are not in control of the private key. View it as a wallet that is lended to you so you can trade. The wallet is technically not yours. 3) Mobile - Ran on an app and are useful as they can be used anywhere including retail stores 4) Hardware - Private keys are stored on a tangible device like a USB drive. They can make transactions online but they are stored offline. Compatible with web interfaces and support many but not all currencies. To use, plug into a computer, enter a pin, send currency and confirm. Safest form of storage. 5) Paper - Basically a physical printout of your private and public keys. It is not stored online anywhere and the only way transactions can happen is if you transfer money with the help of an Online wallet.
Example of a Public Key = 1A684DbsHQKPVCWgaUsYdF4uQGwTiA9BFT Example of a Private Key = E9873D79C6D87DC0FB6A5778633389F4453213303DA61F20BD67FC233AA33262
Most wallets provide a Recovery Mnemonic Passcode that is a series of words (typically 12 to 24 words) in a specific order. If you lose your login information for your wallet you can supply the mnemonic passcode and retrieve your lost login information. If you lose your login information and your mnemonic passcode your wallet will be inaccessible and your tokens are lost to you. The above basically describes a first generation Blockchain Cryptocurrency such as Bitcoin. It is used basically as currency with no centralized entity regulating the release of additional currency and keeping the ledger of where the money is going secure and extremely safe from manipulation.
Second Generation Blockchain
The second generation blockchains sprung out of this environment with something more valuable. Utilizing the blockchain system to allow applications to be ran on top of a decentralized secure system. Instead of just recording transactions, contracts could be transmitted the same way. More complex transactions (SMART CONTRACTS) allow for things such as: - Funds to be spent only when a required percentage of people agree - Manage agreements between users (such as insurance) - Provide utility to other contracts - Store information about an application such as domain registration information or membership records This basically can allow applications to be ran on top of the blockchain system. This can cut out the middleman for many real-world applications (mortgages, banking, communications, security confirmations etc.)
Proof of Work/Proof of Stake
As I mentioned earlier, Proof of Work (PoW) requires nodes to solve a mathematical puzzle which is rewarded with tokens. Proof of Stake (PoS) is different, the tokens with proof of stake systems are pre-mined meaning they are all created when the blockchain system is created. Blocks are not verified by the typical method. The block validator uses the blockchain software to stake their tokens and are chosen based on specific factors depending on how many tokens the person holds and for how long. Depending on how many tokens they hold will restrict the quantity of blocks they can validate. If they own more they can validate more often but all validators will be chosen randomly keeping the rewards fairly distributed (unlike PoW which typically reward the first completed.) The blockchain still requires a mathematical puzzle to be solved but it is much easier than PoW requiring far less time and energy. If the blockchain has premined all of their tokens then new tokens cannot be mined for rewards in PoS. The reward for staking your tokens to be a validator is a portion of the transaction fee that is charged as part of normal transactions on the blockchain. That is why PoS miners are called forgers. If manipulation is attempted than their stake can be taken from their wallet adding more motivation to prevent data manipulation.
Fork
Some cryptocurrencies may need to update or upgrade the coding of their blockchain software. When this happens usually a fork occurs. This basically means the cryptocurrency splits into two separate cryptocurrencies. Because the nature of blockchain technology, they are decentralized and autonomous so the older version cannot be deleted or removed. If people choose to continue using the old version they can. For mining/forging purposes the nodes will need to choose which they will mine/forge and download the blockchain software on their computer to proceed. When the fork occurs, anyone holding tokens in the original currency will be given the same number of tokens in the forked currency. (When Bitcoin forked to Bitcoin Cash, anyone holding x amount of Bitcoin would receive a new wallet for Bitcoin Cash also containing x amount of Bitcoin Cash.) This is called a Hard Fork and all previous transactions are made invalid. There are also Soft Forks, in this case it is backwards compatible and all previous transactions are valid. This can result in two currencies but in most cases, it doesn’t as it is usually accepted by most miners/forgers because it is backwards compatible.
Exchanges
Online currency exchanges allow you to buy, sell or exchange fiat money (USD, EUR, etc) with digital currencies or in most cases digital currencies for other digital currencies. There are a large variety of different exchanges that are operated in multiple countries but there are around a dozen that the majority of cryptocurrency trading volume are present on. Not all cryptocurrencies will be listed on all exchanges, some have specific prerequisites to be listed on their exchange and there may be fees associated as well. Once your account is set up you will have a list of all available cryptocurrencies to trade. Each currency will have an associated online wallet with the public key address allowing you to send that specific currency to that wallet. (Many exchanges are having delayed or canceled identity verification, currency transfers and lack sufficient customer support due to the influx of new traders) Examples of top exchanges: 1) Coinbase (trades fiat) 2) GDAX (trades fiat) 3) Gemini (trades fiat) 4) Changelly (trades fiat) 5) Bittrex 6) Binance 7) HitBTC 8) EtherDelta 9) Bitfinex 10) Kraken 11) Bithumb 12) Bitstamp 13) Poloniex 14) OKEx
Sending/Receiving Tokens
All wallets have the ability to send digital currency to other wallets. The function is relatively easy, make sure the currency you are sending is going to the appropriate wallet for that currency. Ethereum tokens cannot be sent to a Bitcoin wallet for example. (The tokens aren’t actually moving location; the list of transactions/ownership is what is stored in the wallet). Triple check the wallet private key you are sending the tokens to. If you type the wrong address the tokens will be lost in nearly all incidents. Some mobile wallets allow you to scan a QR code that will automatically enter the public key rather than copying/pasting or typing out the public key.
Taxes
As of January 1, 2018 it appears that taxing on digital currency has changed. Every trade between any digital currencies (Bitcoin to Ether, Ether to Litecoin etc) will be a taxable transaction. If you hold the currency for longer than one year than you will pay capital gain tax when it is traded or sold (15%-20%) and if you sell or trade in less than a year you will have to add the profit to your taxable income to adjust your tax bracket.
Altcoins
Altcoins are basically any coin that is not Bitcoin. Most cryptocurrencies do not have a native blockchain (their own independent dedicated blockchain). Bitcoin, Ether, Ripple, Waves, NXT, Cardano all have their own native blockchain. Many other cryptocurrencies run on other cryptocurrency’s blockchains. Litecoin runs on Bitcoins blockchain, hundreds run on the Ethereum blockchain. These currencies act as smart contracts running on the adopted blockchain.
DApps (Decentralized Applications)
For a blockchain application to be considered a DApp it must be 1) Open source, code available to all 2) Decentralized, uses blockchain cryptographic tech 3) Incentive, must have tokens to fuel itself 4) Algorithm/Protocol, generates tokens and has a built-in consensus mechanism (mining/forging.)
There are 3 types of DApps, each basically piggybacks off the platform of the previous Type 1 – Have their own blockchain (like bitcoin) Type 2 – Use the blockchain of Type 1 DApps Type 3 – Use the protocol of Type 2 DApps
ICO (Initial Coin Offering)
Much like an IPO (Initial Public Offering) that offers stock in a private company to the public, an ICO raises money for new Cryptocurrency ventures. Typically, a minimum investment is required in the form of a cryptocurrency such as Bitcoin or Ether and the investor is given tokens of the cryptocurrency at a reduced cost. Due to the fact that ICO’s are so new, government agencies have not begun regulating these ventures making them extremely risky as anyone with a competent coder can create and market a cryptocurrency that can be used to swindle investors who aren’t cautious. The US government no longer allows its citizens to participate in ICO’s and if you are using a computer with an IP address located in the United States, ICO’s websites will not allow you to invest.
Research
1) Whitepapers – Each cryptocurrency will have their own dedicated websites and most will have a whitepaper that has a description of what their cryptocurrency is designed to do. 2) Roadmaps – Also on each cryptocurrency’s website, they tend to have a roadmap or timeline as to when they are planning to complete certain milestones be it added features to the blockchain or wallet or any other important events. 3) Coinmarketcap.com – List of every available cryptocurrency, the exchanges they trade on, market cap, trade volume, available tokens, newly created tokens etc. 4) Reddit.com (cryptocurrency subreddit) – Subreddits focused on cryptocurrency as well as specific subreddits focused on individual cryptocurrencies. Be cautious as many people on these sites are uninformed and/or are trying to manipulate the market by fooling others to buy or sell based on fraudulent information. 5) Bitcointalk.org – Forums specific to individual cryptocurrencies. There is a lot of self-marketing (bounties) on this site. Take what they say with a grain of salt 6) TwitteFacebook (Social Media) – Many times news from team members or the cryptocurrency’s social media page will break news before it is listed on any of the above-mentioned outlets. Find out who is working for the cryptocurrency you are interested in and start following the team’s social media. Don’t forget to look at their linkedin accounts if available, previous employment and behavioral history to confirm they are competent. 7) Github - Code from projects can be uploaded here and reviewed for issues and revisions.
Common Terms/Slang
Shilling – covert advertising, personally endorsing a token so as to manipulate the price to either recoup a loss or increase gains on a token the individual owns. FUD – Fear, Uncertainty, Doubt; another method to manipulate the price of a token the person owns by making others second guess their investment decision on a specific token. FOMO – Fear Of Missing Out; buying a token (usually after the price has already increased) hoping they haven’t missed the majority of a price increase. Shitcoin – A cryptocurrency that has become worthless overtime or a scam operation. To the Moon – Massive increase in a token’s price.
I'm sure there are probably revisions to be done on this as I am still getting my head around all of the concepts. Any help to this would be appreciated.
submitted by Truantlife to CryptoCurrency [link] [comments]

[uncensored-r/CryptoCurrency] Why you should be voting to support Elastos on the Binance Community Vote

The following post by Blazarius120 is being replicated because the post has been silently removed and some comments within it have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/7zsfgh
The original post's content was as follows:
Elastos project needs your help. Partnership with NEO and Bitmain. 17 years in development. 4 million lines of code.
For the sake of the market, vote for it on the Binance community vote, it has the potential to activate a market bull run. Check the 24 hour volume and its trading on 1 exchange.
Upvote please for transparency.
What is Elastos?
Elastos is the world’s first internet operating system that uses the internet as the base-layer infrastructure rather than an application. Elastos prohibits application programs from directly accessing the network in order to eliminate most viruses and attacks(especially DDoS attacks) on the internet. According to Elastos, network communication should be separated from application computing. Elastos is building a truly decentralized Smart Web powered by blockchain implementing P2P economic infrastructure while also providing digital asset ownership and management through smart contracts.
Brief Summary?
Bitcoin = Trustworthy Ledger
Ethereum = Trustworthy Ledger + Smart Contracts
Elastos = Trustworthy Ledger + Smart Contracts + Monetizable Dapps and Digital Assets
Development History(Tens of Millions of Open-Source Code spanning Decades)
In 2000, Rong Chen a Tsinghua alumni left Microsoft and returned to China to start his business.
In 2003, Rong Chen was received by Jin-Tao Hu, the former CPC General Secretary.
In 2013, Foxconn funded Elastos with 200 million RMB.
In 2017, Sunny Feng Han and Ji-Han Wu started running the Bitcoin Investment Elastos Blockchain Community and founded G3 with Bitmain and NEO.
In 2017, the Elastos Blockchain community received a global digital token investment worth 600 million RMB.
What is the Elastos Blockchain structure?
Elastos blockchain works as a trust zone for the entire network operating system that applies main and sidechain solutions to facilitate the smart economy and a healthy decentralized application environment. This means that every application built on Elastos can create individual sidechains that is thoroughly customizable, allowing clients to pick a different consensus method depending on the use case. The structure of main chain and side chain avoids main chain being overloaded and leads to easy routing and flexible extension, increasing the possibility for Elastos to be largely scalable.
Elastos implements merged mining with bitcoin. This strategy saves resources and avoids repeated consumption. Miner submits Proof-of-Work(PoW) to both bitcoin and elastos and enjoys profits of mining competition without extra consumption of computing power. The consensus mechanism for Elastos is AuxPoW+DPoS where the mining reward distribution is 35% for AuxPoW, 35% for DPoS, 20% for Ecosystem Application Reward and 10% for Foundation Running and Development. Tokens for apps built on Elastos can be published on sidechains. These tokens may participate in two-way asset transfer across the main chain and side chains.
What is the business model for Elastos?
Provide large blockchain applications with secure running environment
Digital content remains intact after multiple uses
Big data and digital content can identify ownership on blockchain and correspond to tokens
Tokens can be transferred and traded legally on blockchain, realizing future capital
Usage of tokens can consume/use digital content in Elastos Runtime.
Elastos can set a fixed limited amount for digital assets, thereby creating scarcity of valued products
Example of how the above works?
Content creators create 500 copies of limited edition games built on top of Elastos
Users buy these limited copies
They then play these games in Elastos Runtime on their cell phones, desktop computers, game consoles, etc.
Holders of these limited edition games then resell them to other people. Because this game is of limited edition, it fluctuates in the second-hand market. It helps users enjoy the digital content, earn the early benefits and earn some by reselling it, thereby transferring the ownership to other people.
Ethereum v Elastos?
Ethereum: Single mainchain structure leads to the upper limit of computing power and extensibility. Elastos: Proposes to adopt a flexible main chain and sidechain blockchain design structure. The main chain is only responsible for basic transactions and payments while the sidechain executes smart contracts to support various applications and services.
Ethereum: As storage and computing space, blockchain is not able to support user daily life scenarios and not able to support digital content(eg. Cryptokitties). Elastos runs applications on elastos runtime as opposed to the already congested blockchain. This method is more secure. All network data must be sent through a trustable and verifiable channel. Identification and authentication come from the blockchain ID. This way, the blockchain’s credibility can be transferred to Elastos Runtime. Elastos Runtime can have various forms: an independent OS, a virtual machine, or a software development kit(SDK) that integrates into native apps of other mainstream operating systems.
EOS v Elastos?
EOS: Is a blockchain OS, but its development period and open source codes are much shorter than Elastos’ 17 years. Elastos has released more than 4 million lines of code to github and plans to release 10+ million lines of code in total(contributing to the open source community).
EOS is dependent on its main-chain, so no matter how optimized it becomes, its throughput is limited. Elastos can extend the throughput infinitely with flexible main-chain and side-chain solution. Also, Elastos Runtime can deliver the trust function of the blockchain to a user’s application(like a cell phone, laptop, etc) which applies the blockchain to various scenarios in daily life.
EOS, through the adoption of the DPoS consensus mechanism, can realize high throughput rate. Elastos computation bandwidth is distributed according to the number of tokens held. It refers to the design philosophy of time sliced distribution in the traditional multi-task operating system and encourages the community to hold tokens. The main-chain design focuses on improving extensibility for smooth access to sidechain. The consensus mechanism on the sidechain can be anything(from DPoS to DBFT to anything else)
EOS runs everything utilizing main chain for everything. Elastos: Services on the elastos blockchain layer can be shared by multiple side chains. This greately lowers the mainchain pressure. When necessary, the sidechain can be duplicated to extend sidechain-level service capability through bifurcation mechanism, while the extension of this computing power can be infinite
Blockstack v Elastos?
Blockstack combines encrypted, distributed storage and blockchain ID to make sure all the data belongs to the owner. As for Elastos, it applies a similar method for digital assets storage where users could apply for an ID for their digital assets on the blockchain, which guarantees the ownership of those digital contents but a key differentiation with blockstack is that the ownership of these digital contents will also be transferable and tradable, thereby making these digital assets consumable and investable and of high value, thereby contributing to a smart economy of trading digital goods. Even though the digital assets are decrypted, they cannot escape elastos runtime operating environment which guarantees that it will never disclose or damage the ownership of the digital contents.
Blockstack saves encrypted data files in the cloud and hash stamps for these files are put on the blockchain as a proof mechanism but doing this is a trade-off between high credibility, low efficiency of blockchain and low credibility, high efficiency of traditional storage. Meanwhile, Elastos has its P2P network layer called Elastos Carrier that focuses on making the elastos blockchain cluster chain service integrated into the same network as the elastos runtime thereby unifying the services with DApps so both the data and the ID of digital assets can have high credibility along with high efficiency for blockchain storage.
For the tech savy?
Elastos VM: The VM runs on a host OS and has better integration with current mainstream OS such as Android and iOS. It ensures formation of a closed runtime environment enabling the separation from the host OS, ensuring safety of data and code. The ‘Remote Service Interface’ replaces the traditional TCP/IP programming model, providing safe and reliable network transactions. This means no more IP addresses and a discovery mechanism will be used instead to access dapps and websites on the elastos internet(where each item has its own UUID - Universal Unique Identifier).
Elastos Runtime: A software library that contains some of Elastos functionality. It provides the target OS applications with the needed Elastos functions, similar to the Alipay SDK serving other applications and making them capable of having payment functions. Elastos runtime can use trusted network communications and conduct safe and reliable data exchange and allows information exchange with the blockchain, confirming digital asset ownership and identity.
Elastos Browser: A specialized browser where the Elastos runtime is embedded. In this browser, web applications can run with partial Elastos functions. Using Elastos browser bridges the gap to provide JS programming...
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

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