Satoshi to Bitcoin, USD and other currencies converter

Monero is mentioned on one of the largest german stock portals

I couldnt believe my eyes when i saw it.
Basically this a lead article on the splash page of Onvista.de, a huge german stock/bons investment portal.
It begins with Quotes by ECBs Lagarde in regards to a digital euro, then makes a jump towards bitcoin and states bitcoin is completely unreasonable in terms of being a digital payment vecicle. And then it specifically mentions Monero not once but twice, and no other CC whatsoever.
Relevant parts, translated by google translate

From my point of view, Bitcoin would be a very good digital replacement for gold. It would not be an option as a substitute for cash in payment transactions. However, it doesn't have to be Bitcoin either. There are other digital currencies available today that would be even more suitable. Monero, for example.

Monero would not only have the advantage that the network is much faster than the Bitcoin network. It is also completely anonymous. So if you bought a pack of gummy bears with Monero yesterday, you don't have to worry today that the woman or man will find out and scold you.

https://www.onvista.de/news/der-digitale-euro-chancen-und-risiken-fuer-anleger-405252215
Its happening, boys.
submitted by WillBurnYouToAshes to Monero [link] [comments]

Bitpanda DebitCard?!

Zala (Bitpanda Country Manager of Spain) may confirm a Bitpanda DebitCard.
original:
- ¿Qué papel tienen las criptomonedas hoy en día como medio de pago?
"Uno de los productos que vamos a lanzar en los próximos meses es precisamente una tarjeta de débito. Estamos trabajando en ello como una herramienta más para darle mayor y mejor servicio a nuestros clientes, para que puedan pagar con ella en cualquier establecimiento.
Las últimas conversaciones sobre el euro digital, la regulación del sector y la confrontación entre dinero fiat y las criptos han generado un entrono muy positivo. Sinceramente, no sé si el bitcoin va a acabar siendo una moneda de consumo, pero lo que sé es que el hecho de que se hable de ello es positivo."
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translated:
- What role do crypto-currencies play today as a means of payment?

One of the products we are going to launch in the coming months is precisely a debit card. We are working on it as another tool to give more and better service to our customers, so they can pay with it in any establishment.
The latest conversations about the digital euro, the regulation of the sector and the confrontation between fiat money and crypts have generated a very positive environment. Honestly, I do not know if bitcoin is going to end up being a consumer currency, but what I do know is that the fact that it is being talked about is positive.
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source: https://www.elespanol.com/invertia/mercados/criptomonedas/20201025/zala-bitpanda-queremos-comprar-bitcoin-facil-pedi528947352_0.html
submitted by James_Krypto to bitpanda [link] [comments]

Does Bitpanda actually see the BEST token as Bitpanda's ecosystem and fuel, or does Bitpanda move the BEST token into the background? - Sieht Bitpanda den BEST Token tatsächlich als Bitpandas Ökosystem und Treibstoff, oder rückt Bitpanda den BEST Token immer mehr in den Hintergrund?

  I will make this contribution available in German and in English. However, I would like to expressly note that the translation in English was carried out with the help of a translator and may not reflect the original German version 1: 1. It would be commendable if many members take part in this communication, express their mood about the history of the BEST Token so far, or if Bitpanda itself provides a detailed opinion of its community.
 
Ich werde diesen Beitrag in deutsch sowie in englischer Sprache zur Verfügung stellen. Ich bitte jedoch ausdrücklich zu beachten, dass die Übersetzung in englisch mit Hilfe eines Translators erfolgt ist und gegebenenfalls nicht der deutschsprachigen Originalfassung 1:1 wiedergibt. Es wäre lobenswert, wenn sich viele Mitglieder an dieser Kommunikation beteiligen, ihre Stimmung zu dem bisherigen Werdegang des BEST Token kundtun oder wenn Bitpanda selbst hierzu eine ausführliche Stellungnahme seiner Community zur Verfügung stellt.
 
DEUTSCH:
 
Hallo Community, Hallo Bitpanda!
 
Seit der Ankündigung zum BEST IEO verfolge ich die Veränderungen und Fortschritte auf Bitpanda. Insbesondere beschäftige ich mich mit jenen, die in Verbindung mit dem BEST Token stehen. An dieser Stelle möchte ich festhalten, dass der BEST Token als „Treibstoff des Bitpanda-Ökosystems“ angepriesen wurde. In diesem Zusammenhang äußerte man sich, dass man „BEST intensiv nutzen werde“.
 
Mit einigen kürzlich durchgeführten Veränderungen auf Bitpanda und Bitpanda Pro, erweckt es allerdings für mich den Anschein, als rückt der BEST immer weiter in den Hintergrund, statt diesen als Ökosystem hervorzuheben. Vertrauen liegt im Detail und somit ist es meiner Auffassung nach enttäuschen, wenn im Nachgang Wortlaute (u.a. aus dem Visionpaper) auf Bitpanda.com abgeändert werden.
 
So erweckte es im VisionPaper für mich den Anschein, dass bereits zum Handelsstart und dem Halten einer Mindestanzahl von BEST (VIP-Level 1-3) geringere Einzahlungsgebühren als Vorteil angeboten werden.
 
Nun musste ich feststellen, dass man vor wenigen Tagen auf Bitpanda (https://www.bitpanda.com/de/best) den Wortlaut bei den Reward Levels abgeändert hat. Nach circa 7-8 Monaten hat man sich scheinbar dazu entschieden, ein „DEMNÄCHST“ vor die aufgeführten Vorteile zu setzen. So heißt es nun „Demnächst verfügbar: Geringere Einzahlungsgebühren bei Einzahlungen mit SOFORT oder Kreditkarte auf Bitpanda.“.
 
Auf der Bitpanda Startseite (https://www.bitpanda.com/de) hat man auch Aktualisierungen vorgenommen, aber scheinbar ist Bitpanda auch hier der BEST nicht würdig genug eingepflegt und genannt zu werde. So heißt es auf der Bitpanda Startseite:
 
„Kaufe und verkaufe jede unterstützte Kryptowährung, von Bitcoin bis Ethereum, Ripple, Pantos, Bitcoin Cash, IOTA, Litecoin, Komodo, EOS, Dash, OmiseGO, Augur, Stellar, 0x, NEM, ZCash, Tezos, Cardano, NEO, Ethereum Classic, Chainlink, Waves, Lisk, Tether, USD Coin, Cosmos, TRON, Basic Attention Token und Chiliz.“.
 
Weder wörtlich noch grafisch findet BEST hier seinen Platz. Und das als Token, der Bitpandas angekündigtes Ökosystem und den Treibstoff widerspiegeln soll. Da frage ich mich doch ernsthaft, ob mit „Treibstoff“ lediglich die erzielten Einnahmen durch den IEO gemeint waren, die Bitpanda nun als „Treibstoff“ dienen sollen um andere Projekte als den BEST zu pushen.
 
Eine weitere Veränderung ist im Bereich der unterstützten FIAT-Währungen zu finden. So hat man sich scheinbar dazu entschieden, bereits jetzt die türkische Lira als eine mögliche Einzahlungswährung grafisch abzubilden. Wörtlich wird diese jedoch noch nicht genannt. Da sollte man sich nun entscheiden, entweder nennt man diese nun auch wörtlich, wenn diese grafisch bereits abgebildet wird, oder man lässt diese sowohl wörtlich als auch grafisch weg, solange diese Option überhaupt nicht zur Verfügung steht. Erneut ein Schritt, der mehr Schein als sein erweckt, denn Einzahlungen per Lira sind eine Zukunftsvision von Bitpanda und stehen potenziellen Kunden derzeit noch nicht zur Verfügung. Diese Option wurde für das 2. Quartal angekündigt. Hiermit könnten erneut potenzielle Kunden auf Enttäuschung stoßen, da erneut etwas abgebildet oder beschrieben wird, das derzeit nicht geboten wird.
 
Kommen wir nun zu den Veränderungen in Bezug auf BEST im Vergleich zur Global Exchange und dem neuen Bitpanda Pro. Die Global Exchange stellte bereits wenig Werbefläche für den BEST zur Verfügung, jedoch wurde dem BEST eine entsprechende Fläche gewidmet um einigermaßen auf diesen Aufmerksam zu machen. Auf der Startseite von Bitpanda Pro findet man nun überhaupt keine Werbefläche für den BEST der einem direkt ins Auge fällt. Lediglich am unteren Ende der Bitpanda Pro Seite steht „Wann kann ich BEST verwenden, um eine Ermäßigung von 25% auf Tradinggebühren zu erhalten?“.
 
Zumal man meiner Ansicht nach mit der zukünftigen Vorgehensweise bei Bitpanda Pro von den ursprünglichen Visionen aus dem VisionPaper abweicht. Den dort wurde die Global Exchange angekündigt mit den Worten „Die hochmoderne Plattform macht alle digitalen Assets an der Bitpanda Global Exchange tradebar. Darüber hinaus wird sie auch als Vermittler fungieren, um Angebot und Nachfrage für die Bitpanda Plattform sicherzustellen.“.
 
In einem Zeitraum von mehr als 6 Monaten nach Handelsstart, wurden KEINE weiteren Traidingpaare der Exchange hinzugefügt und nun hat man sich entschieden dem Kind einen anderen Namen zu geben und sich auf FIAT-to-Krypto zu konzentrieren. Eine weitere persönliche Enttäuschung und aus meiner Sicht Abweichung der im VisonPaper erfolgten Aussagen.
 
Bitpanda schreibt in ihrer Ankündigung zum Tokenburn (Ende Januar 2020), dass man den rufen der Community folgen möchte und unter anderem sich deshalb dazu entschieden hat, den ersten Tokenburn von April 2020 auf Januar 2020 vorzuziehen. Betrachtet man das VisionPaper, war es jedoch eher ein Bestandteil der dort erfolgten Aussagen. In diesem heißt es nämlich „Wenn Bitpanda Nutzer Gebühren mit BEST zahlen, wird Bitpanda 25% des Betrags der BEST Einnahmen vierteljährlich zerstören (Token Burn). Dies passiert, bis 50% des kompletten BEST-Vorrates zerstört wurden.“ Da mit dem 30.10.2019 die Funktion zum Bezahlen der Gebühren mit BEST eingeführt wurde, fällt der darauf folgende Zeitraum „vierteljährlich“ auf den 30.01.2020.
 
Eine weitere Abweichung, auch wenn diese positiv erscheinen mag ist, dass man im Visionpaper von einer Zerstörung in Höhe von 25% spricht. Tatsächlich beruft man sich bei dem stattgefundenen Tokenburn nun auf „mindestens 25%“ und stellt somit gegenüber seinen Kunden keine Transparenz zur Verfügung, wie viele BEST (prozentual betrachtet) nun tatsächlich geburnt wurden.
 
In diversen Foren kann man aus den Beiträgen der Nutzer entnehmen, dass BEST nicht im Mittelpunkt von Bitpanda steht. Vorschläge wie BEST Banner auf den Bitpanda Startseiten hat man ignoriert. Nun konnte man jedoch in Form eines Banners auf den Bitpanda Startseiten eine Werbefläche erstellen, um den Schritt der Expansion in die Türkei jedem Besucher einzublenden, bzw. dauerhaft im oberen Bereich der Startseiten darzustellen.
 
BEST bietet seinen Nutzern auch bislang KEINERLEI Vorteile die es notwenig erscheinen lassen, BEST in einer höheren Stückzahl zu halten. Die angepriesenen VIP-Level in denen 5.000, 50.000 oder 500.000 BEST gehalten werden müssen, sind auch nach mehr als 6 Monaten ohne Vorteile für die Hodler. Bislang steht lediglich die Verwendung des BEST zur Verfügung, mit dem man seine Traidinggebühren bezahlen kann. Um 50% Rabatt auf die Traidinggebühren zu erhalten spielt es meiner Erfahrung nach keine Rolle, ob man 10, 100, 1.000 oder 100.000 BEST hält. Jeder der auch nur einen BEST hält, erhält 50% Rabatt auf die Traidinggebühren. Es ist demnach absolut ausreichend, wenn man lediglich die Anzahl an BEST hält, die notwendig sind um eventuell anfallende Traidinggebühren mit BEST zahlen zu können. Wo wird der Anreiz geschaffen, sich mit BEST einzudecken?
 
Mit dem Tokenburn (Ende Januar 2020) hat man nun angekündigt, dass man bald mit dem BEST geringere Einzahlungsgebühren erhält. Eine Funktion die bereits im VisionPaper vor dem Handelsstart angepriesen wurde. Auch weitere Funktionen wurden hierbei entsprechend angekündigt. Aber auch mehrere Wochen nach dieser Ankündigung erleben die BEST Kunden keine Umsetzung dieser Worte.
 
Man führt auf Bitpanda Pro neue Fiat-to-Krypto Traidingpaare (CHF) ein, jedoch werden der Treibstoff und das Ökosystem selbst, nicht als CHF/BEST Traidingpaar eingepflegt.
 
Es mag sein, dass einige Situationen sehr kritisch durchleuchtet wurden. Aber die geschilderten Situationen sind jetzt auch nicht von der Hand zu weisen. Ein Ökosystem rückt nicht immer weitere in den Hintergrund und wird zur Nebensache. Ein Treibstoff sollte zünden und nicht bremsen. Als BEST Kunde bin ich über die bisherigen Entwicklungen, getroffenen Aussagen im VisionPaper, angekündigten Visionen und deren tatsächlicher Umsetzung mehr als enttäuscht. Bitpanda äußert sich stets dahingehend, dass der BEST Kurs nicht von Bitpanda beeinflusst werden kann, sondern ein Resultat aus Angebot und Nachfrage ist. Allerdings liegt es in der Hand von Bitpanda entsprechend Einfluss auf den BEST Kurs zu nehmen, in dem man liefert was man mit „Ökosystem, Treibstoff, VIP-Level“ versprochen oder angekündigt hat. Der BEST muss nun endlich in den Mittelpunkt gerückt werden, er muss auf den eigenen Startseiten deutlich hervorgehoben werden, er muss Vorteile für die BEST Hodler bieten und nicht jedem Kunden der sich lediglich mit 10,00 Euro BEST eindeckt und Bitpanda nicht zu einem der erfolgreichsten IEO in Europa verholfen hat. Bitpanda ist seinen Investoren und IEO Einsteigern etwas schuldig und zwar einen BEST der im Mittelpunkt steht, einen BEST der ausschließlich beim Halten einer bestimmten Anzahl den Bitpanda / BEST Kunden einen Vorteil bietet. Exklusive Vorteile, Partnerschaften, Gutscheine, Goodies, Zugänge, u.v.m.! Schafft Vertrauen und zeigt euren Kunden endlich, dass der BEST nicht in den Hintergrund rückt, sondern die Aufmerksamkeit erhält, mit der er im VisionPaper euren Kunden schmackhaft gemacht wurde.
 
 
ENGLISH (Translator):
 
Hello community, Hello Bitpanda!
 
Since announcing the BEST IEO, I've been following the changes and advances on Bitpanda. In particular, I deal with those related to the BEST token. At this point I would like to state that the BEST token was touted as "fuel for the Bitpanda ecosystem". In this context, it was stated that "BEST will be used intensively".
 
However, with some recent changes to Bitpanda and Bitpanda Pro, it seems to me that the BEST is moving into the background rather than highlighting it as an ecosystem. Trust is in the details and therefore, in my opinion, it is disappointing if wording (e.g. from the vision paper) is subsequently changed on Bitpanda.com.
 
So it seemed to me in VisionPaper that even at the start of trading and holding a minimum number of BEST (VIP levels 1-3), lower deposit fees are offered as an advantage.
 
Now I had to find out that a few days ago the wording of the reward levels was changed on Bitpanda (https://www.bitpanda.com/de/best). After about 7-8 months, it appears that the decision has been made to put a "COMING SOON" ahead of the advantages listed. It is now called "Coming soon: Lower deposit fees for deposits with SOFORT or credit card on Bitpanda."
 
Updates have also been made on the Bitpanda homepage (https://www.bitpanda.com/de), but apparently Bitpanda is not worthy of the BEST token being entered and named here either. So it says on the Bitpanda homepage:
 
“Buy and sell any supported cryptocurrency, from Bitcoin to Ethereum, Ripple, Pantos, Bitcoin Cash, IOTA, Litecoin, Komodo, EOS, Dash, OmiseGO, Augur, Stellar, 0x, NEM, ZCash, Tezos, Cardano, NEO, Ethereum Classic , Chainlink, Waves, Lisk, Tether, USD Coin, Cosmos, TRON, Basic Attention Token and Chiliz.".
 
BEST has no place here either literally or graphically. And that as a token that is supposed to reflect Bitpanda's announced ecosystem and the fuel. So I seriously ask myself whether "fuel" only meant the income generated by the IEO, which Bitpanda should now serve as "fuel" to push projects other than BEST.
 
Another change can be found in the area of supported FIAT currencies. So it seems that the decision has already been made to graphically depict the Turkish lira as a possible deposit currency. However, this is not yet mentioned literally. You should now decide whether you want to name it literally if it is already shown graphically, or you can leave it out both literally and graphically as long as this option is not available at all. Another step that gives the impression of being more than real, because deposits made with Lira are a future vision of Bitpanda and are not yet available to potential customers. This option was announced for the second quarter. This could again disappoint potential customers, as something is depicted or described that is not currently available.
 
Now we come to the changes regarding BEST compared to the Global Exchange and the new Bitpanda Pro. The Global Exchange already made little advertising space available for the BEST, but a corresponding area was dedicated to the BEST to draw some attention to this. On the homepage of Bitpanda Pro there is no advertising space for the BEST that catches your eye. Only at the bottom of the Bitpanda Pro page is "When can I use BEST to get a 25% discount off trading fees?"
 
Especially since in my opinion the future approach at Bitpanda Pro differs from the original visions from the VisionPaper. The Global Exchange was announced there with the words “The ultra-modern platform makes all digital assets tradable on the Bitpanda Global Exchange. It will also act as an intermediary to ensure supply and demand for the Bitpanda platform. ”.
 
In a period of more than 6 months after the start of trading, NO further trading pairs were added to the exchange and now it has been decided to give the child a different name and to focus on FIAT-to-crypto. Another personal disappointment and in my view a deviation from the statements made in the VisonPaper.
 
In its announcement about Tokenburn (end of January 2020), Bitpanda writes that it wants to follow the calls of the community and, among other things, has therefore decided to move the first Tokenburn from April 2020 to January 2020. If you look at the VisionPaper, it was more a part of the statements made there. It says, "If Bitpanda users pay fees with BEST, Bitpanda will destroy 25% of the amount of BEST revenue quarterly (Token Burn). This happens until 50% of the entire BEST inventory has been destroyed. ”Since the function for paying the fees with BEST was introduced on October 30, 2019, the following period falls“ quarterly ”on January 30, 2020.
 
Another deviation, even if this may seem positive, is that the vision paper speaks of a destruction of 25%. In fact, the Tokenburn that has taken place now refers to “at least 25%” and thus does not provide any transparency to its customers as to how many BEST (as a percentage) have actually been destroyed.
 
In various forums, it can be seen from the user contributions that BEST is not the focus of Bitpanda. Suggestions like BEST banners on the Bitpanda homepage have been ignored. However, it was now possible to create an advertising space in the form of a banner on the Bitpanda start pages in order to display the step of expanding into Turkey to every visitor, or to display it permanently in the upper area of the start page.
 
BEST has so far NOT offered its users any advantages that make it seem necessary to keep BEST in a larger number. The advertised VIP levels, in which 5,000, 50,000 or 500,000 BEST have to be held, are without advantages for the Hodler even after more than 6 months. So far, only the BEST is available, with which you can pay your traiding fees. In my experience, to get a 50% discount on the traiding fees, it doesn't matter whether you hold 10, 100, 1,000 or 100,000 BEST. Everyone who holds even a BEST receives a 50% discount on the traiding fees. It is therefore absolutely sufficient if you only keep the number of BEST that are necessary to be able to pay any applicable traiding fees with BEST. Where is the incentive created to stock up with BEST?
 
With the Tokenburn (end of January 2020), it has now been announced that soon you will receive lower deposit fees with the BEST. A function that was advertised in the VisionPaper before the start of trading. Other functions have also been announced accordingly. But even several weeks after this announcement, BEST customers do not see these words implemented.
 
Bitpanda Pro introduces new fiat-to-crypto traiding pairs (CHF), but the fuel and the ecosystem itself are not included as CHF / BEST traiding pairs.
 
It may be that some situations have been examined very critically. But the situations described cannot be dismissed out of hand either. One ecosystem does not always take a back seat and becomes a minor matter. A fuel should ignite and not brake. As a BEST customer, I am more than disappointed with the developments to date, statements made in the VisionPaper, announced visions and their actual implementation. Bitpanda always states that the BEST course cannot be influenced by Bitpanda, but is a result of supply and demand. However, it is up to Bitpanda to influence the BEST course, in which you deliver what you have promised or announced with "ecosystem, fuel, VIP level". The BEST must finally be brought into focus, it must be clearly highlighted on its own homepage, it must offer advantages for the BEST Hodler and not every customer who only buys EUR 10.00 and Bitpanda is not one of the most successful Helped IEO in Europe. Bitpanda owes something to its investors and IEO beginners, namely a BEST that takes center stage, a BEST that only offers Bitpanda / BEST customers an advantage if they keep a certain number. Exclusive benefits, partnerships, vouchers, goodies, access, and much more! Build trust and finally show your customers that BEST does not move into the background, but receives the attention with which it was made palatable to your customers in VisionPaper.
submitted by Hinterfragt to bitpanda [link] [comments]

TkeyNet: release date, a brief analysis of the system, future plans

TkeyNet: release date, a brief analysis of the system, future plans

https://preview.redd.it/ayym7cl9c1b51.png?width=700&format=png&auto=webp&s=367792bdc6acdcc670345cf1d6e12865d681b21b
During the development of the project, we published 3 documents about the technology that we are developing and preparing for the market. Some decisions were changed, but the main idea and goal remained the same — effective financial management.
Since the ICO boom, several years have passed, blockchain and cryptocurrencies have become synonymous and are perceived only as a means of earning money and the obvious advantages of using the technology itself in combination with others are of little interest to anyone. A user, business representatives, or some government officials associate the word “blockchain” directly with cryptocurrency or Bitcoin, without thinking about using systems built on a distributed registry in the current reality.
As we mentioned above, during the development of the project, several documents were published in which we announced our technology and clearly said that we are mixing modern concepts and approaching the market from an economic and scientific point of view, borrowing the best from Bitcoin, Ethereum, DASH, and other alternative currencies.
It is important to note that the concept of Bitcoin or Monero will be different from the concept of TkeyNet. These are other areas and practical application that some market participants may perceive as similar, but this is far from the case.
“When you innovate, you must be prepared for a prolonged lack of understanding of your actions on the part of your environment. You can do something you believe in, but for a long time, people who only wish you well may criticize your endeavors. When faced with such criticism, ask yourself — Are they right? And if you answer this question positively, accept the criticism and adjust your work accordingly. If the answer is negative, if you are firmly convinced of your rightness, you should prepare for a long defense, defending your positions. This approach is a key component of innovation.” ©
The idea of Bitcoin is beautiful, even if it has not yet been accepted by society as planned, but at least the idea of using Bitcoin as a means of accumulating value and storing savings has a place to be. Bitcoin actively strives for a high price mark and dominates the market by more than 50%, and this is a great result. Bitcoin set the necessary vector for many developers around the world, people were able to review the systems used and make their own decisions based on the Bitcoin core, for example, DASH or Ethereum, and users, in turn, learned about such a phenomenon as cryptocurrency.
In General, what was this introduction for? That TKEY should be considered as a universal asset, without defining it as a cryptocurrency. The question may immediately arise, why is this so? It doesn’t have explicit currency properties? Bitcoin also does not have the properties of cash but is called a cryptocurrency, and the types of applications of the peer-to-peer payment system Bitcoin and TkeyNet can differ significantly from each other.
https://preview.redd.it/3qfe582cc1b51.png?width=700&format=png&auto=webp&s=406f3c93314c473f9b9c9512e543fa33c6211067
The purpose of this publication is to tell you about the new features of TkeyNet, when the official transition to the new Protocol will take place, and why TKEY is a universal asset that simply needs liquidity? In General, we will talk about the clear advantages of switching to new technologies that we have been striving for so long and about your benefits of using them accordingly.

What is TkeyNet, and what are its advantages?

TkeyNet is an infrastructure that combines various solutions for users, businesses, and the public sector. Secure corporate networks, payment processors, liquidity, cross-border payments, trading tools, information security, instant exchanges, investment tools. One platform — millions of opportunities.
https://preview.redd.it/bwewihsdc1b51.png?width=700&format=png&auto=webp&s=4bfc1343b46a1eb51f0b972cac509cc1893f3fa4
When creating TkeyNet, we immediately turned to e-cash protocols, concepts of electronic currencies, considered the movements of Bank international transfers, and also drew attention to the obvious complexity of these systems. Therefore, to build a high-quality architecture of TkeyNet, the team took as a basis — blockchain technology, cryptography, payment and banking system, electronic cash protocols, exchanges, stock markets, DHT, and other p2p networks.
Now more than ever, businesses, users, and most financial market participants need reliable and modern systems that will meet the needs of the market.
For example, a user wants to quickly send funds to another user, and they do not want to think about how the blockchain works and who the “miners” are and what they do for the network. Any of us want to open the app and click a few buttons on the screen to pay for a particular service or send money to relatives abroad and the most importantly, know that the funds will reach you quickly and with a minimum Commission. Or let’s say you came to India, you have some funds in Bitcoin, but you would like to pay for your purchases in the local currency — the Indian rupee without extra conversions.
You are the owner of a payment system or Bank, and you want to receive % for conversion transactions, or banks want to create their consortium for cross-border payments. Either you are an entrepreneur and plan to open an exchange or trading platform for trading various assets, not necessarily digital, but, for example, gold and diamonds, or you are a young and purposeful startup team and want to quickly launch your Digital Bank, or you do not want to do business, and you have several million euros or dollars, you want to get % of their use.
https://preview.redd.it/hkv2xcpfc1b51.png?width=626&format=png&auto=webp&s=4ae497765a2d02b66046d5a112eb0dd4f1eeb0bc
TkeyNet makes these features available to all participants.
As we can see with you, there are quite a lot of use cases, and it may seem that TKEY is again torn into 100500 different directions, but this is far from the case. Here, a specific and clear direction is Finance and its movement.

How TkeyNet works

Remember, we said that — “to develop the platform on a global level, it is necessary to reach a consensus between government regulation, business, and society. We understand that it is impossible to achieve 100% of this, but it is possible to create favorable conditions favorable to all parties.”
How will the system work? All participants are connected to the system using TkeyNet technology that allows the financial gateway to control their transactions with increased speed, transparency, and efficiency. Independent verification servers constantly compare their transaction records. To hack the system, you will need to get access to all the devices that are logged in.
https://preview.redd.it/ltwgjrhhc1b51.png?width=700&format=png&auto=webp&s=413d03504eafa2b496cf99d837b6a2a1c9ba6818
TkeyNet solutions offer a cryptographically secure, end-to-end payment flow with the immutability of transactions and redundancy of information contained in them. It is developed to meet each financial gateway’s risk, privacy, and compliance requirements. Since the software is developed to be easily integrated into the existing financial infrastructure, it minimizes any integration costs and failures, and also meets international standards (ISO, etc.).

TkeyNet can be a neutral utility for financial institutions and systems

A gateway is an organization that allows users to invest money and take money out of a pool of liquidity. The gateway accepts currency deposits from users and issues balances to the TkeyNet blockchain.
TkeyNet Protocol provides a single source of truth for counterparties while maintaining the confidentiality of payment data of Bank clients.
TKEY is a universal bill (digital obligation) in the distributed registry TkeyNet.
Gateways install specialized software for interacting with the distributed registry and other system participants. Users, brokers, and other participants interact with the system via mobile or web interfaces. Gateways act as a link between the distributed registry, brokers, users, and other services that allow you to make quick transactions.
https://preview.redd.it/igdiw4tjc1b51.png?width=700&format=png&auto=webp&s=3a25f8f6b74a0cebf2450d05a7bf7c675547e624
The participants of the system make payments between themselves by using cryptographically signed transactions denominated in digital obligation. This type of transaction uses an internal registry.
In the case of working with Fiat currency and other assets, such as securities and precious metals, the registry records the amounts owed with assets presented as debt obligations. All accounts and transactions are cryptographically secure and verified algorithmically. Payments can only be authorized by the account holder, and all payments are processed automatically, without any third parties or intermediaries. The TkeyNet Protocol checks balances and accounts inside the system for transferring payments and sends payment notifications with minimal delay, which ensures fast calculations in the system.
For more specialized solutions can be created by the Central gateways and the gateways just. A Central gateway is an organization that allows users to invest money and take money out of the liquidity pool. Gateway is an organization that interacts with the Central gateway. Accepts and exchanges digital liabilities for other assets, such as securities.
TkeyNet globally reduces the number of different expenses and automates operational tasks, simplifies and reduces the cost of conducting monetary transactions, and improves traditional financial services.
We understand that it is not easy to tell all the principles of the TkeyNet system in a single publication, especially one that deals with neither one nor two issues. Therefore, you should consider this material as a basis, a base that will help you learn the information that is related to the TkeyNet Protocol most easily after the release of TkeyNet.
Moving a little away from corporate solutions, we suggest you recall some theses from our roadmap, which was published on the official website in the period from September 2018 to November 2019:
“The introduction of the exchanger in web wallets and the app will allow users to send money in one currency, and the recipient will receive it in another currency. For example, a user can buy Tkeycoin for dollars and exchange it for euros or Bitcoin or Ethereum at the current exchange rate.This functionality provides full control of funds through a single trusted and most secure source. Users no longer need to create multiple accounts on third-party resources to make an exchange into a particular currency.With the development of the network, it is possible to implement a multi-exchange that works on the principle of a payment bridge, when the user sends funds to Tkeycoin, and the recipient chooses the receiving currency, let’s say Litecoin, the funds are automatically converted” ©
https://preview.redd.it/htf048hmc1b51.png?width=700&format=png&auto=webp&s=9be3fe4895b5bece5c7c0d72548d4724e46556a7
We wrote above that TKEY can in principle be used as a universal asset, acting as a digital obligation or an asset as an exchange. By the way, references to this were also published on the official website — tkeycoin.com. In simple words, using one of our web interfaces, you can access TKEYRUB or TKEYUSD or any other asset, such as TKEYGOLD.
TKEYUSD, TKEYRUB, and TKEYGOLD are symbols and can be called differently in the system, for example, TKUSD or GOLDTKEY, so now they should be considered as an example.

Why is TKEY a universal asset?

As before, you can easily and quickly send TKEY to any member of the network and TKEY will have liquidity on the exchange also, TKEY allows you to fast exchange for euros, dollars, or other currencies.
https://i.redd.it/qapkdnvoc1b51.gif
For the interface, the applications will display functions of digital assets 1:1 to a particular currency, for example, TKEY to RUB, TKey to EUR, or TKEY to Dirhams or TKEY to the pound and vice versa, respectively.
https://preview.redd.it/0ipx86fqc1b51.png?width=700&format=png&auto=webp&s=a406e9c0f181a5d0b1ecde347511954ba61bf433
Therefore, as we said above, TKEY should not be regarded as a cryptocurrency, it is a universal unit inside the system TkeyNet, which may refer to transaction information as exchanges of obligations between banks and transaction TKEY -> TKEY between users, or to carry information about the exchange on the exchange or the exchange of digital assets or gold variations quite a lot, for most of the functions we describe in the release day TkeyNet.

What are the advantages for companies and developers?

First of all, we strive to open the doors for all platform participants. Only through synergy and cooperation can we accelerate the pace of development of the entire system and the introduction of new technologies in the market.
The platform will open doors for developers, who in turn can create technological solutions based on TkeyNet. A working environment will be created, and integration with the TkeyNet platform will be as easy as with the documented SDK or plug-ins. In the course of development, API documentation and ready-made SDKs for developers will be published.
https://i.redd.it/31x1k7gsc1b51.gif
This will make it easy to use and implement TkeyNet technology in various types of applications, for example, you want to create fast exchanges, we provide you with a framework, back-end, and API, and you create a front-end and launch your service, get your Commission, and are an independent project in the market. An important point is that integration into the existing infrastructure takes place while maintaining the decentralization of the TkeyNet system so that all its internal and external operations remain confidential and verified at the same time.

What are the advantages for users?

This means getting a universal tool for working with financial markets and easily converting an asset into any other asset: euro, dollars, or gold.

https://preview.redd.it/ol4964huc1b51.png?width=626&format=png&auto=webp&s=7fedfc9009201cb8c392be3f214f285d003c0d95
Also, TKEY owners should clearly understand that the more the system develops and there are more participants, namely the corporate segment, projects, and partners, the company will be more stable and thus the project assets will grow stronger.
The popularity of the platform and trust in it directly affects the price of assets, these are the key points of growth signs, the wider and more influential the spread of the company in various areas, the higher its performance in the market.

When will the long-awaited transition to TkeyNet take place?

What changes will be made to the products?

As you understand, everything will change, and this is for the better. At a minimum, products will become faster, lighter, safer, and more versatile.
Changes and new releases will be released as soon as they are ready. In TkeySpace, the TKEY libraries will be rewritten under TkeyNet. A web version of the wallet will appear, and eventually, an application with an exchange interface will be released for quick trading and exchange of various assets, not limited to digital ones. The Tkey Messenger will be adapted for TkeyNet and will be released for previously announced platforms: iOS, Android, Linux, macOS, Windows immediately with the ability to translate directly in the messenger. We will tell you about the messenger architecture on the release day.
All changes and releases will be published and announced after the release of TkeyNet.

What is radically new in TkeyNet?

There will be funds, the Protocol will become much more universal, as well as the TKEY itself. The Protocol will also exclude the possibility of attacks that could have been in Core 1.0, also, the principles of the platform will change. We will publish all technical specifications on the day of release.

Timeline for switching to TkeyNet

The transition to TkeyNet will not take place until August 2020. We will release news and instructions for switching to TkeyNet, so we recommend that you subscribe to the newsletter immediately: https://tkeycoin.com/en/newslette.

Listing on crypto exchanges

The liquidity of the TKEY asset is urgently needed for the development of the entire TkeyNet system, so the company will provide trading platforms for TKey trading and exchange.

Conclusion

The introduction of technologies using digital currencies will create the fastest transition of users and the corporate market to a new level.
FinTech direction makes it possible to manage finances in the most efficient and secure way, without violating the law. This system simplifies, reduces the cost of conducting monetary transactions, and actually improves traditional financial services.
The solution is interesting to everyone who works with money and is used to getting maximum efficiency from it: business, investors, traders, users of banking solutions, the corporate segment, etc. When using the system, large businesses get solutions for interacting with customers online, without using specialized points.
We, in turn, are open to various offers and cooperation on flexible terms. If you have any suggestions or interesting concepts, please contact us at [[email protected]](mailto:[email protected]).
submitted by tkeycoin to Tkeycoin_Official [link] [comments]

Quick Buck - Worldwide

Hello, I'm beermoney enthusiastic that in the past 2 years has been trying to find new ways to make some money online.
Hope this helps in this difficult times!
These are my favourites:
Surveys
This one is really interesting! It is a survey website. The surveys are made normally throught webcam interaction but the payout is huge. I can find studies offering 150$ for about 60 min of interview.
Prolific is really great! Their surveys are actually well thought out, pay an appropriate amount, and are downright interesting. If you want to maximize your earnings you must install the extension that alert you when new studies are available Prolific Extension
Very similar to Prolific! Give it a try!
Dscout is a mobile app where you apply to do research studies (usually just questionnaires and short selfie style videos) to get money. The trick with Dscout is that you have to apply to the studies (and may not be accepted), but the payoff is much more than many other apps I've used.
Passive Income
If you want to make passive money you should also take a look at FluidStack. FluidStack is a cloud platform that serves website content from a network of consumer devices (instead of large data centres). We save websites money, and put unused hardware to good use.
It’s real passive income - effortlessly! Honeygain is the first-ever app that helps its users make money online by sharing their internet connection. People can now reach their unused data plans full potential and not leave any unused data behind!
On-store Tasks (useful when the whole COVID-19 situation ends)
Do small missions in local shops and earn money. Be a mystery shopper aka. “person hired by a market research firm or a manufacturer to visit retail stores, posing as a casual shopper to collect information about the stores' display, prices, and quality of their sales staff.”
Micro-tasks
Do micro tasks for money! A long variety of opportunities in these sites. The payout is tipically not great but you can take a look...somethings I find some good opportunities.
Others
All types of tasks and with a great payout
Get paid for translate small texts. You will not translate the whole text, just make better the given on.
They offer long term projects with really good pay. In the past may, I participate in a project where you were supposed to take pictures to book covers, business cards, invoices etc...with 2 weeks of work I manage to get paid 1700 euros!
The payout is great! Only simple tasks.
CryptoCurrencies Related
The website gives you free cryptocurrencies to tip anyone you want that wrote an article. The creator and you will share the tip according to a percentage you decide. You can also create articles and earn even more!
Do micro-tasks for whatever cryptocurrency you want. You can earn bitcoin, ethereum, etc..by watching videos, answering survey…
submitted by knicks1996x to beermoneyglobal [link] [comments]

Quick buck online

Hello, I'm beermoney enthusiastic that in the past 2 years has been trying to find new ways to make some money online.
Hope this helps in this difficult times!
These are my favourites:
Surveys
This one is really interesting! It is a survey website. The surveys are made normally throught webcam interaction but the payout is huge. I can find studies offering 150$ for about 60 min of interview.
Prolific is really great! Their surveys are actually well thought out, pay an appropriate amount, and are downright interesting. If you want to maximize your earnings you must install the extension that alert you when new studies are available Prolific Extension
Very similar to Prolific! Give it a try!
Dscout is a mobile app where you apply to do research studies (usually just questionnaires and short selfie style videos) to get money. The trick with Dscout is that you have to apply to the studies (and may not be accepted), but the payoff is much more than many other apps I've used.
Passive Income
If you want to make passive money you should also take a look at FluidStack. FluidStack is a cloud platform that serves website content from a network of consumer devices (instead of large data centres). We save websites money, and put unused hardware to good use.
It’s real passive income - effortlessly! Honeygain is the first-ever app that helps its users make money online by sharing their internet connection. People can now reach their unused data plans full potential and not leave any unused data behind!
On-store Tasks (useful when the whole COVID-19 situation ends)
Do small missions in local shops and earn money. Be a mystery shopper aka. “person hired by a market research firm or a manufacturer to visit retail stores, posing as a casual shopper to collect information about the stores' display, prices, and quality of their sales staff.”
Micro-tasks
Do micro tasks for money! A long variety of opportunities in these sites. The payout is tipically not great but you can take a look...somethings I find some good opportunities.
Others
All types of tasks and with a great payout
Get paid for translate small texts. You will not translate the whole text, just make better the given on.
They offer long term projects with really good pay. In the past may, I participate in a project where you were supposed to take pictures to book covers, business cards, invoices etc...with 2 weeks of work I manage to get paid 1700 euros!
The payout is great! Only simple tasks.
CryptoCurrencies Related
The website gives you free cryptocurrencies to tip anyone you want that wrote an article. The creator and you will share the tip according to a percentage you decide. You can also create articles and earn even more!
Do micro-tasks for whatever cryptocurrency you want. You can earn bitcoin, ethereum, etc..by watching videos, answering survey…
submitted by knicks1996x to povertyfinance [link] [comments]

Large-scale updates of Tkeycoin. What’s next? — listing on the crypto exchange. Are you with us?

Large-scale updates of Tkeycoin. What’s next? — listing on the crypto exchange. Are you with us?

https://preview.redd.it/ojtx6mauve151.png?width=700&format=png&auto=webp&s=8dd727076d495d4b624a307775e64ae83ce31c76
Hello, everyone, It’s been a long time since you heard our team, someone thought we were gone, someone was waiting, and someone disappeared himself.
All this time we have worked hard to bring you good news. We will tell you what we have prepared for you, what events will be soon, what you can use right now and what else will be new in the year. And so, let’s go!

Preparing for listing on the exchange

The pandemic period played into the hands of the entire team and we managed to build beauty in our services. In anticipation of the exchange, the team tidied up the sites and services and connected new tools. First of all, we paid attention to the preparation of all services for a foreign audience, taking into account its mentality.
New sections, localizations, nice things, and much more to ensure the most efficient use of the TKEY resource. In addition to the new tabs, the services that we will talk about in this material, there is a special page for representatives of the exchange with the necessary documentation for listing — https://tkeycoin.com/en/documentation/.

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Full localization

Already today the official website tkeycoin.com available in 5 languages: Russian, English, Korean, Chinese (Simplified), Chinese (Traditional).

https://preview.redd.it/xbiodqixve151.png?width=700&format=png&auto=webp&s=dd81e99cb792d62a3ebb397d2181a2f1d0de5ac8
We made adjustments to the Russian and English versions of the site, including support for Korean and Chinese for each section of the site. Professionals in their field, native speakers translated and adapted the information as it should be, and we, in turn, structured and framed it properly. So welcome!

https://preview.redd.it/hcnhws2zve151.png?width=700&format=png&auto=webp&s=30b53c5c4f3c192c39518f66941dcfdfc5b420f5
We will update language support for the site, and soon it will include support for all languages that are available in the mobile app.

QR Codes for Asian Audience


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Our friends and residents of Asian countries actively use QR codes in their lives, both when paying in stores and when working with websites. QR codes are used almost everywhere when renting a car or bike, we just open the phone, scan and the mode of transport becomes available for use, anything is available for rent, even a battery, even an umbrella.
“It was a hot May day. Seven-year-old Wang Jiaozui came out of school and saw his grandfather, who came to pick him up. He was standing in the sun, and his shirt was soaked with sweat. Jiaozui invited the grandfather to buy a cold Cola in the shop, but he forgot her purse at home. It turned out that this is not important — the boy took his grandfather’s smartphone and called the payment app with a QR code on the screen.” ©
What to say if QR codes are used even to identify entire farms. By pasting QR codes on farm buildings and then scanning them, government inspectors can quickly figure out who owns the building and whether its owners are violating any laws.

https://preview.redd.it/jsw2tza2we151.png?width=700&format=png&auto=webp&s=38cbb849b6c2a2aecd8b42c7d786a397d901b2cf
We must be on the trend! Now a special library generates QR codes for the desired page, any tab on the site tkeycoin.com in Chinese and Korean-accompanied by a QR code that leads to the requested page: fast, convenient, and simple.
https://preview.redd.it/73rscop3we151.png?width=700&format=png&auto=webp&s=c83229e56d612450370b43b06910225701454c60
Providing this opportunity to our colleagues and future users of Tkeycoin from Asia is a friendly approach and most importantly, a strategic step on our part. After implementing QR codes, we are undoubtedly drawn into the convenience of this function, which we recommend to You:) If you like it, we will make QR codes on the Russian and English versions of the site.

Buying and withdrawing cryptocurrency to a Bankcard


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On the site, you can now buy Bitcoin for pound, dollars, euro, and any other currency. This is a powerful automated service for instant exchange of fiat currencies for cryptocurrencies. The system works around the clock and seven days a week, allowing everyone to conduct exchanges at any time of the day and in the shortest possible time.
Withdrawal to a Bank card will be available until the end of the month, we finish the details, the page is available now, and the withdrawal itself will be activated during this week. You can buy Bitcoin, Ethereum, or any other currency right now.

https://preview.redd.it/o8z0c4b7we151.png?width=700&format=png&auto=webp&s=b4d684f09acd914316c986482b8dadf88718c618
These features are the future for the function of purchasing any product or service for TKEY at any point of sale, which will form the basis of the mobile app, quickly, conveniently, and most importantly, observing the letter of the law.
All we do is build an Empire that is being built before your eyes. Every service and product is connected, so any update promises the appearance of even more cool and effective features than before.

Buying cryptocurrency for pound, dollars, euros, and other currencies

At the end of February, we told you that we are working on building a payment service that will include the provision of services: buy cryptocurrencies, sell a cryptocurrency, withdraw cryptocurrency to Bank cards, etc.
This day has come, now you can buy Bitcoin (BTC), Ethereum (ETH), Tether USDT, Basic Attention Token (BAT), Algorand (ALGO), Tron (TRX), OKB (Token Okex.com).

https://preview.redd.it/1pm2cnv8we151.png?width=700&format=png&auto=webp&s=69473d2e5ed1b8dc75189362b46906752be29895
The purchase is available in any currency: Russian ruble, US Dollar, Euro, British pound, Ukrainian hryvnia, Indonesian rupiah, South Korean won, Japanese yen, Turkish Lira, Argentine peso.
As you can see, the currency corridors are quite extensive, which allows you to make exchanges fast and at a favorable rate. Just choose the right pair to exchange or buy, available fiat currencies: RUB, USD, EUR, GBP, UAH, IDR, KRW, JPY, TRY, ARS, available cryptocurrencies: BTC, ETH, BAT, USDT, ALGO, TRX, OKB.
Even if this wide list does not include the currency you want to buy, such as Bitcoin or USDT, it’s okay — the service will automatically convert your currency into the payment currency and the Bank will make the exchange. Exchanges take place within 1–3 minutes, it is enough to pass quick verification once, which allows you to work with a volume of > 15,000 euros per month.

https://preview.redd.it/0ln5uttawe151.png?width=700&format=png&auto=webp&s=35de9e413db35bb53f39332aa4197cd54a3e211c

Exchange of cryptocurrencies for pound, dollars, euros, and withdrawal of Bankcard

In addition to the fact that you can now easily buy a cryptocurrency for fiat currencies, pound, dollars or any other, during this week we will finish work on the withdrawal to a Bank card and you can easily withdraw your profit to the card, the most important thing is that this is a completely legal method, and all operations pass through banks and jurisdictions where work with digital assets is legalized.
This means that when you buy or make a withdrawal to the card, you get legal funds that are credited to you by the Bank or payment system.
If you are used to working with effective tools that work in a new way, or rather correctly and legally, then this service is for you. Fast crediting, easy exchange, a large selection of currency pairs, that’s what the company is betting on.
We work with the most reliable third-party partners to make your cryptocurrency process easy and convenient, and most importantly safe for You. The service supports plastic and virtual Bank cards VISA, MasterCard, MIR, and other payment systems for fast payment processing.

https://preview.redd.it/x1jnm1ccwe151.png?width=700&format=png&auto=webp&s=f86fc353ad5f207db8d233821204b521ba0b3d0e
On the exchange page, you can choose any currency pair to exchange in the opposite direction, for example, GBP to BTC or USD to BTC. Choose a suitable pair for exchange, available fiat currencies: RUB, USD, EUR, GBP, UAH, IDR, KRW, JPY, TRY, ARS, available cryptocurrencies for exchange: BTC, ETH, BAT, USDT, ALGO, TRX, OKB.
How it works
When buying cryptocurrency for the first time, your Bank reserves (holds) the requested amount, then this amount is transferred to the authorization waiting state. As soon as the Bank freezes the fiat funds, the service fixes the exchange rate at the time of creating the application, reserves the cryptocurrency, and provides you with 30–40 minutes to complete verification. After successful verification, the service charges cryptocurrency to the wallet.

Quick verification

Verification takes 2–3 minutes and requires only one time to perform operations every day. The “Know Your Customer” (KYC) procedure is necessary to exchange cryptocurrencies for fiat currencies.

https://preview.redd.it/3y0pmzrdwe151.png?width=597&format=png&auto=webp&s=01a92651b67f2df70f83082cfcd3d1fdee5491b4
As you understand, you need to pass verification 1 time, regardless of whether you withdraw funds or buy currency, after passing verification, all services are available to You without any further confirmation.

New currency

Support for other currencies, including TKEY, will be added gradually and highlighted through service updates. As for the TKEY exchange, it will become available in exchange services after listing on the exchange. Listing on an exchange allows you to automate the exchange process, link the necessary services, and most importantly, the exchange provides liquidity, which is key when we talk about exchanging for a particular currency.
We will tell you more about the operation of the service and its advantages, chips, in a separate material dedicated to the withdrawal and purchase of cryptocurrencies for fiat currencies, as well as touch on various banking issues and tell you how you can combine the SWAP service for more efficient exchange and withdrawal to the card.

Charitable activity

By making an exchange or purchase of cryptocurrency, you help children and people who need our help. We deduct 0.1% of the profit from each transaction to charity funds.
This is the fastest and most comfortable way of charity, which allows you to bring together people who are not indifferent to other people’s problems. TKEY enables people to do good deeds, and the resulting turnover profit of 0.1% is sent to charity funds every month. Together with You, we create new opportunities for people in need who need help — “Big things have small beginnings”.
How does it work?
You have made an exchange or purchase operation, the company has accumulated the volume of these operations for a month->the company has chosen a charity Fund->sent funds to the charity Fund’s account. Priority charity funds are children’s aid funds. You can always suggest a candidate for a particular Fund by sending a message to [[email protected]](mailto:[email protected]).
Why do we write Funds and not a Fund?
This is the first launch of the service, so depending on the monthly volume, we will focus on distributing funds to one charity or several. For example, if we have accumulated $ 10,000, we can distribute $ 5,000 to 2 funds. if we have accumulated $ 100, it is logical that we will only send this amount to 1 Fund. With the development of the service, we will be able to focus on several funds, which we will actively help due to the received volume.

New sections, improvements for existing services

Menu logic and site structure

The menu logic has been revised. now more items are available on the menu and they are divided into sections. Navigation through the sections has become much easier and more convenient. for some sections, QR codes are available for Russian and English-speaking audiences, and for representatives of Asian countries, all sections are available by QR code.

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TKEYSPACE Promo Page

New blocks were added, the entire page was fully localized and is available in Chinese, Korean, English and Russian, and QR codes were added for easy navigation for the Asian audience.

Documentation for the exchange

We have already mentioned that there is a section for exchanges with the necessary documentation for listing, now it is available in English. In the next updates, it will be translated into Russian, Chinese (Traditional and Simplified), and Korean.

Market Data (Coin Data)

The market data section has been optimized for mobile apps. Charts are expanded and optimized page borders for most mobile devices, and you can search for cryptocurrencies and tokens that interest you.

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FAQ

Added answers to frequently asked questions in various sections of the site, You can find the information directly on the section page, for example, TKEY-QT, SWAP or Core. Right on the page there is a FAQ section, in which we disclose answers to questions, for example: How are You going to solve the scalability problem, or why did you choose Phoenix as the logo and symbol of the project, or how do you exchange cryptocurrency for pound or dollars? As you can see, you can get answers to different questions, depending on the topic of the site section.

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Footer

For convenience, the site’s footer has been expanded and new sections (quick tabs) are included, which are also available in the QR-code format. In addition to various details, the footer is now accompanied by the company’s coat of arms — the Phoenix, which is the symbol of the entire community, the Phoenix Alliance.

https://preview.redd.it/xija83vjwe151.png?width=700&format=png&auto=webp&s=dd7ce476b53ebe2a891d32231725650bac7ba181

Page 404

Added page 404, which is also an integral part of the site. now when you go to a non-existent site page, all the necessary menu items are fully available to us, which will quickly Orient You and direct you to the desired section.

https://preview.redd.it/i8f7qi9lwe151.png?width=700&format=png&auto=webp&s=02449b35c631bcb0667336edb4f912cbcf1dfb58

What is waiting for us in the nearest future?

In addition to various improvements, connecting services, our team has been working every day on other main areas of the Tkeycoin project, which are already being prepared for the next release and we will tell you what updates, what plans, events, and what else will be interesting this year.

Online conference with management

An online conference in question-answer format will be organized. The main task of the conference, in addition to questions and answers, is to discuss plans, talk about new directions, touch on issues of legislation, and analyze current issues of users.
The online meeting format will allow you to get feedback and discuss a large number of issues in a short time. Questions related to technical support and other questions that can be answered through the administration will not be discussed.
The meeting involves the development, constructive, and suggestions from users for further development of the Tkeycoin project. If you are interested in participating in the conference, you can also make business proposals during it, please use the time to your advantage. We work for you.

New content: reports, new categories, useful information

Based on user feedback, we introduce new categories to our content plan:
Reports This section will be accompanied by information about the work done by the team for the month, the format of submission — abstracts, highlights. This format will help establish feedback between users and developers.
Question-answer
In addition to the content that we produce ourselves, users have questions that arise during the process of working with the project’s services, as well as during interaction with the project itself. To avoid making guesses and making up stories, we have introduced the question-answer category.
Users ask questions in comments, and the company prepares answers based on the questions and they are published in the post. Depending on the number of questions, the post generates all the answers, or the post is divided into parts if the number of questions for the past period was the largest. In addition to asking questions, you can make suggestions to the project, for example, about new features or directions.
This format also builds feedback and helps to improve all services. the most important thing is that it can not only help us but also you, as the offer and questions will help you focus on the tasks that the end-user wants to see.

TKEY-POOL (Tkeycoin pool)

We are completing the work and debugging of the official pool for Tkeycoin, this is a completely new approach for mining Tkeycoin. The pool will feature higher performance and stable architecture, a light interface, and objective commissions.
A pool is a highly loaded system that works 24/7/365, it turns out that such a product hides a sufficient number of lines of code and, most importantly, is built on a reliable architecture that can withstand +50000–100000 miners, not to mention the number of connected devices for this number of miners.
A cryptocurrency pool is a combination of the hardware power of many miners at once to increase the probability of finding a block. The reward for a block obtained by the pool is distributed among all participants.
The TKEY pool is developed taking into account the features of the Tkeycoin blockchain, including multi-blockchain, transaction model, hashing, blocks, and other nuances that are an upgrade of the blockchain among others. Together with the pool, the TKEY network is being tested: high loads, attacks, and other tests that show positive results, proving that the TKEY blockchain can work under any loads and is protected from attacks.
Our task was to: 1. Stable system for handling high loads; 2. Adaptation pool for any software; 3. Connecting any hardware for mining cryptocurrency Tkeycoin; 4. Fair remuneration calculation; 5. Security.
The main goal is for any user, regardless of the software and hardware used, to be able to connect to Tkeycoin mining via a pool. The first releases will be accompanied by a simple user-friendly interface, easy connection, instructions for various mining programs that can be connected.
In future releases, we will optimize the operation of the pool, add new features, as well as tracking functions and other nice things. any suggestions from miners and the community are interesting to us and will be implemented, so do not hesitate to send your suggestions after the launch.

TKEYSPACE updates


https://preview.redd.it/fjy2dkanwe151.png?width=700&format=png&auto=webp&s=99dedd6aa59ae7eb4d585d2ef1ddae4cc6dd50f9
Work on the TkeySpace mobile app is also not standing still. We will soon release updates for TkeySpace on Android and iOS.
This release is a complete transition to the most stable version of the mobile wallet. This means that after the update, even with the largest changes, the user will not need to completely reinstall or restore to use the new features, as before, just update the app via the AppStore or GooglePlay.
Between the previous update has been a sufficient amount of time, on average, updates are released once a month. This update will be one of the major ones. We are finishing work on the code to prepare the app for the new features that will be available this year. Besides, we are improving the app’s logic, data processing speed, optimizing the code, restoring order, and preparing for the global market.

Exchange, purchase of cryptocurrency and withdrawal to the Debit/Credit Card


https://preview.redd.it/1maxjrqowe151.png?width=700&format=png&auto=webp&s=cefd5bf1ec823049eeb25640c470024a41c0430c
In addition to pleasant optimizations, the app will display the exchange and withdrawal to a Bankcard, tab with an optimized page for exchange, withdrawal, and the purchase will be available directly in the mobile app. This upgrade will also capture the cryptocurrency exchange SWAP page, which can be evaluated after the update. Other features and new features will be announced by the developers immediately after the release.

SWAP Update

The development team is finishing work on optimizing the SWAP service. Regardless of updates, it is available in working mode 24/7/365. The team is working on improving the operation, optimizing the page, changing the interfaces, improving navigation, and speeding up query processing. This update is also among the upcoming ones, along with the pool, mobile wallets, and other news that will excite.

Network Statistics

In the network statistics section, there are several sections that will be fixed — this is the hash rate of the network and the volume of Tkeycoin. Now the volume of Tkeycoin is displayed by mTKEY, and the graph itself indicates M TKEY, the user may incorrectly understand the volume of transactions in the network, so, given the current volume, it is advisable to switch the display to TKEY, and in the future switch to mTKEY for large volumes.
TKEY is divided into cryptograms (CryptoGramm, cgr), uTKEY (keys), and mTKEY. 1 TKEY = 100 000 000 cryptograms. 1 mTKEY = 100,000 cryptograms. 1 TKEY contains 1000 mTKEY. 1 mTKEY = 0.00100000 TKEY 1 uTKEY =100 cryptograms 1 TKEY contains 1,000,000 utkeys. 1 uTKEY (keys) = 0.00000100 TKEY 1 cgr = 0.00000001 TKEY

Cryptocurrency Exchange

This issue has become the cause of mass discussions, disputes, investigations, the subject of memes, kitchen, and online conversations, that just did not happen, that TKEY is not taken anywhere, someone made guesses that we are waiting for everyone to run away, or TKEY is a world conspiracy and around some actors, you can write a book or shoot a great series, not worse than Breaking Bad.
Jokes, jokes, but the question is serious. Since the 4th quarter of last year, the company has been actively working on the issue of listing, prepared the necessary platform for this, held several meetings, negotiations, released the necessary products, figured out various transfers of funds to the blockchain, worked out many small things, many major issues that were behind the scenes. Everything is ready, and it’s time to start soon. This will be a surprise, believe it or not, and we will meet you on the stock exchanges :)

What other plans does the company have?

Enabling payment at retail outlets

After entering the exchange, we will actively engage in connecting payments to implement them and link them to TKEY. The plan, strategy, and legal component are ready.

Payment development

This implies the development of payments and services that will expand the use of digital currencies in the commercial sphere. Application on the territory of Russia will depend on the Federal law on the CFA, in any case, we plan to analyze the law, after its release, to find a legal way to implement payments based on blockchain and digital assets. Therefore, until the law is released, we are keeping this initiative in the future, and we will work on other jurisdictions that will support it.
We left some plans behind the scenes, because they will make the greatest impact on the market and the value of our asset, and this — likes silence.

What useful materials will be released soon?

How to effectively use the SWAP service together with the exchange and purchase of cryptocurrency from a Bank card?

We will tell you in detail how to use these 2 services, how to save on payments and purchases, how to exchange tokens that are very difficult to exchange, how to quickly get money for them to the card, and much more.

The law CFA

Our opinion about the law of cryptocurrencies in Russia, what to pay attention to, what to prepare for, how to act if there is a complete ban. Let’s talk about legal nuances and banking practices.

TKEY blockchain

In this material, we will talk about the blockchain, analyze the issues of the system, expand the questions on attacks, payment processing, and touch on the system of multiple chains. The article suggests your suggestions, perhaps someone will have ideas that we will implement in the chain.
At the end,
Don’t forget to ask questions in the comments or send suggestions to [[email protected]](mailto:[email protected]) we will be happy to respond and consider your requests for any of our services. Collaboration, feedback, help us make the whole platform better.
Thank you for being with us! Until new meetings, stay tuned for news, updates, because the most unexpected news comes spontaneously.
submitted by tkeycoin to Tkeycoin_Official [link] [comments]

BeerMoney Mega-List!

Hello, I'm beermoney enthusiastic that in the past 2 years has been trying to find new ways to make some money online.
Hope this helps in this difficult times!
These are my favourites:
Surveys
This one is really interesting! It is a survey website. The surveys are made normally throught webcam interaction but the payout is huge. I can find studies offering 150$ for about 60 min of interview.
Prolific is really great! Their surveys are actually well thought out, pay an appropriate amount, and are downright interesting. If you want to maximize your earnings you must install the extension that alert you when new studies are available Prolific Extension
Very similar to Prolific! Give it a try!
Dscout is a mobile app where you apply to do research studies (usually just questionnaires and short selfie style videos) to get money. The trick with Dscout is that you have to apply to the studies (and may not be accepted), but the payoff is much more than many other apps I've used.
Passive Income
If you want to make passive money you should also take a look at FluidStack. FluidStack is a cloud platform that serves website content from a network of consumer devices (instead of large data centres). We save websites money, and put unused hardware to good use.
It’s real passive income - effortlessly! Honeygain is the first-ever app that helps its users make money online by sharing their internet connection. People can now reach their unused data plans full potential and not leave any unused data behind!
On-store Tasks (useful when the whole COVID-19 situation ends)
Do small missions in local shops and earn money. Be a mystery shopper aka. “person hired by a market research firm or a manufacturer to visit retail stores, posing as a casual shopper to collect information about the stores' display, prices, and quality of their sales staff.”
Micro-tasks
Do micro tasks for money! A long variety of opportunities in these sites. The payout is tipically not great but you can take a look...somethings I find some good opportunities.
Others
All types of tasks and with a great payout
Get paid for translate small texts. You will not translate the whole text, just make better the given on.
They offer long term projects with really good pay. In the past may, I participate in a project where you were supposed to take pictures to book covers, business cards, invoices etc...with 2 weeks of work I manage to get paid 1700 euros!
The payout is great! Only simple tasks.
CryptoCurrencies Related
The website gives you free cryptocurrencies to tip anyone you want that wrote an article. The creator and you will share the tip according to a percentage you decide. You can also create articles and earn even more!
Do micro-tasks for whatever cryptocurrency you want. You can earn bitcoin, ethereum, etc..by watching videos, answering survey…
--------------------------------------------------------------------------------------------------------------------------------------------
Opportunity to EEA and Swiss residents (15 euros with no required deposit!) Bitwala offers a free German bank account (DE IBAN) with a crypto wallet integrated. Now they're offering €15 free for new sign-ups. No deposit needed! Sign up using my link: https://app.bitwala.com/kFGSZ-T5 Steps:
submitted by beermoney9696 to beermoneyuk [link] [comments]

Numbers on the screen or how digital payment systems make the market fair?

Numbers on the screen or how digital payment systems make the market fair?

https://preview.redd.it/6m1gp2mvotx41.png?width=1160&format=png&auto=webp&s=a83f0346d8008c17968d6a240cfba8fe3fe4e2aa
Continuing the trend of practicality characteristic of the XXI century, paper money is gradually disappearing from our lives, giving way to more practical digital storage. However, the digitized banking that we now use every day is still far from perfect. For starters, it is completely controlled by third parties. No one owns the numbers they see on the screen — control is entirely owned by third parties, such as banks.
Banks create money out of thin air, and credit is a prime example of this. Money is no longer printed when someone takes out an overdraft or mortgage-it is simply created out of nothing. Moreover, these banks charge disproportionately high fees for the services they provide, and these services are outdated and impractical today.
For example, it is impractical to pay a Commission to spend your money abroad, as it is impractical to wait a few days to verify the transfer of a small amount from You to your relative. All this makes no sense in the interconnected and instantaneous world in which We live today.
Thus, the monetary system has ceased to be practical, it is replaced by a higher form of value storage. In this particular case, it is replaced by a faster and safer system that eliminates expensive operations and gives control to the person.
https://i.redd.it/quc2bgmxotx41.gif
Money that you have in your Bank account can be considered a virtual currency since it does not have a physical form and exists only in the Bank book. If they lose the book, your money will simply disappear. These are just numbers that you see on the screen. The numbers are stored on the hard drives of Bank servers.

https://i.redd.it/4nvhydtzotx41.gif
Do you open a regular app and think you have money? They are just bytes of the computer system. Today’s global payment infrastructure moves money from one payment system to another through a series of internal Deposit transfers between financial institutions. Since these transfers occur in different systems with a low level of coordination, the calculation of funds is slow, often 3–5 days, capturing liquidity.

How do payments work?

When you make a money transfer, for example, from your Bank card to the Bank card of a friend or acquaintance, you see an instant transfer, so to speak, moving numbers from you to the Recipient. For the user, the transfer is carried out instantly, and the exchange of obligations between the participants of the process takes place within 3–7 days, the User does not know about it and hardly ever thinks about it.

https://preview.redd.it/rl4aai81ptx41.png?width=1400&format=png&auto=webp&s=cdfa10f0d68442aac84c14e3bae5a52e92651878
When you make a payment at a supermarket or any other point of sale, at the time of payment, information from the POS-terminal is sent to the acquiring Bank — then the acquiring Bank sends a request that passes through the payment system (Visa or MasterCard) and then transmitted to Your Bank, which confirms the operation. At this point, there is no write-off of funds. The funds are temporarily held, and the actual withdrawal will take place within a few days, the maximum processing time is up to 30 days.
https://i.redd.it/8njxgxq2ptx41.gif

Currency transactions and payments abroad

You may have noticed that after making a transaction in a different currency, such as yen or dirhams, or any other currency that differs from the currency of your account or buying an item abroad, the amount charged may differ from the amount that was reflected immediately after payment.

Why is this happening?

As soon As you have made a transaction with Your Bank card — the local Bank transfers the information to the payment system: Visa or MasterCard — the payment system converts the currency used into the billing currency.
Billing currency — the currency that will be used for payment with the payment system by your Bank that issued the card. For the US, the billing currency is the dollar, in Europe — the Euro.
The billing currency may also differ depending on the issuing Bank — the Bank that issued your debit card. For example, some banks use the billing currency — Euro when making payments with MasterCard cards in the United States, which will lead to additional costs when converting euros into dollars.
If the payment is in other currencies, the payment scheme will become more complicated and, accordingly, its cost will be more expensive. The transfer rate from one settlement currency to another is set by the payment system: Visa and MasterCard.
If the currency of your Bankcard is the same as the currency of the payment system, the payment will take place without additional operations. For example, You have a dollar card, you make a payment in dollars in the United States, and if you make a payment with a dollar card in Europe, your Bank will convert the amount at its exchange rate, which will lead to additional costs. There are exceptions, some European banks can use dollars for settlements, but this is more an exception than a rule.
Also, if, for example, you pay for purchases in China using a Bank card in euros, then double conversion is inevitable.
Thus, payment in dollars is universal all over the world, except for the European Union countries. The dollar is a global currency and is therefore often used for binding in international settlements.
Now we understand that due to differences in the account currency and the differences in the VISA or MasterCard payment system, additional conversions may occur, which will lead to additional bank fees. as a result, the actual payment amount will differ from the amount debited from your card.
In addition to paying for conversion in the payment system and paying for currency conversion in your Bank, some banks charge an additional fee for conducting a cross-border transaction.

Where do we lose money when making debit card payments?


https://i.redd.it/tykhrd56ptx41.gif
  1. Currency conversion by the payment system;
  2. Euro-Dollar, or in the case of processing payment via MasterCard in Turkey, Turkish lira-Euro and additional conversion on the side of the issuing Bank (your Bank) Euro — Dollar.
  3. Currency conversion by an acquiring bank;
  4. The difference between the exchange rate on the purchase date and the write-off date. We purchased at a rate of 0.91 euros per dollar, and the write-off occurred at a rate of 0.94 euros per dollar.
  5. A large number of currency conversions.
  6. The greater the number of them, the more we will lose when buying. For example, when paying in the UAE or China, buying a product for the local currency, we understand that the number of conversions increases several times.
If we touch on the topic of international translations, we will encounter additional nuances:
  • This is the payment processing time. International payments can be processed within 3–5 days, as mentioned above, which in our dynamic time — it interferes with the comfortable use of the system.
  • Restrictions on the amounts;
  • Possible requirements for certain documentation for payment confirmation;
  • Additional fees and commissions, sometimes hidden fees.
It is not always possible to make a transfer quickly and when necessary due to these restrictions. All this confirms the complexity of the operations and additional commissions that the user pays.

Сryptocurrency exchanges

And now back to the numbers on the screen, this topic affects not only banks but also centralized cryptocurrency exchanges:
  • You top up your Deposit on the exchange in cryptocurrency-then you use numbers inside the exchange, and real funds are most often stored on “cold storage” for which administrators or other responsible persons are responsible.
  • Only when you make a withdrawal from the exchange to your wallet-you are sent real funds (tokens or cryptocurrency).
The same applies to centralized applications and online services that deal with cryptocurrencies:
There are many services, both online and apps, that are centralized, regardless of what they will be called: Bitcoin wallet or bitcoin exchange. This means that when you add funds to an account in such a wallet, the funds are stored on the developecompany’s side. In simple words, all your funds are stored in the wallets of the system’s creators.
If you use a centralized app, you have a risk of losing funds. Although the application is called cryptocurrency, it does not affect its main principles — it is decentralization.
In other words, using systems where there is a Central authority, especially in the cryptocurrency market — the risk increases, so we recommend using decentralized systems for storing currency to reduce risks to a minimum.
Decentralization is the process of redistributing, dispersing functions, forces, power, people, or things from a Central location or governing body. Centralization is a condition in which the right to make the most important decisions remains with the highest levels of management.

Peer-to-peer payment systems

The opposite and standard of security and independence are peer-to-peer payment systems. Using the application-level network Protocol, clients running on multiple computers connect to form a peer-to-peer network.

https://preview.redd.it/ojcg4fz7ptx41.png?width=601&format=png&auto=webp&s=6cc81d1617b0cb64a3f5c7cc6d06a78354386f8c
There are no dedicated servers in such a network, and each node is both a client and performs server functions. In contrast to the client-server architecture, this organization allows you to maintain the network operability with any number and any combination of available nodes. All nodes are members of the network.

https://preview.redd.it/npttc3a9ptx41.png?width=1000&format=png&auto=webp&s=0f2dee1e5b19436a847dca96e2b3b7f22b801b57
Tkeycoin is a decentralized peer-to-peer payment system based on p2p principles and the concept of electronic cash. P2P technology is a fairer means of mutual settlements between users and companies around the world. Modern payment systems are imperfect and may depend on the will of high-ranking officials.
The main goal of Tkeycoin is to create universal products that will make financial transactions more accessible, profitable and secure.

https://i.redd.it/gk6j0m9bptx41.gif

What do decentralized systems protect against?

Using decentralized tools, for example, a local Tkeycoin wallet or a Multi-currency blockchain tkeyspace wallet — Your funds belong only to You and only You can use them, which eliminates the risks of third-party bankruptcy, and such a decentralized architecture can also protect against natural disasters. Given that there is no central server that can be damaged in a natural disaster, the system can work even if there are 2 nodes.

https://i.redd.it/sb6i2ladptx41.gif
In addition to force majeure situations, you protect your funds from theft and any sanctions from third parties-in our time, this is very important. The owner of Tkeycoin does not need Bank branches, does not need additional verifications, and does not need permission to use, transfer, or even transport Tkeycoin. You can easily carry $1 million worth of Tkeycoin in your pocket and even in theory not know any troubles.

https://preview.redd.it/uvw9vfyeptx41.png?width=1400&format=png&auto=webp&s=14b89acca3568fdc5eb82d986aaa2710219ced91
Besides, it is extremely convenient and safe to store even multibillion-dollar capital in Tkeycoin. Imagine that you have a lot, a lot of money, and you need a safe place to store it. Where do you apply? Of course, the Swiss Bank, Yes, but it can easily freeze your accounts and you can easily lose your savings. In recent years, many banks are actively fighting against gray non-cash funds (including offshore ones), and every month more and more legal proceedings are organized on this basis.

https://preview.redd.it/vodiuq5gptx41.png?width=1400&format=png&auto=webp&s=31ab44da4431b0159ef1213db7e37c6fd92d5b0a
The fact is that serious money, for the most part, has a gray tinge, and only a tiny fraction of billions and millions are clean for the law. That is why their owners are often called to court, subjected to pressure, forced to leave the country, and so on. If your money is stored in Tkeycoin, you will not be subjected to such pressure and will avoid the lion’s share of troubles that usually accompany accounts with many zeros.
Using peer-to-peer systems — you will not be called by a Bank Manager and require documents or a fraudster who asks for Your card number and SMS for confirmation. This is simply not the case, wallets are encrypted, and using different addresses guarantees privacy.
As for fees for transfers, there are no Visa or Mastercard payment systems, as well as additional fees that we discussed above.

How are payments made in the Tkeycoin peer-to-peer payment system?


https://i.redd.it/9ftct10iptx41.gif
As soon as you sign a transaction, it is sent to the blockchain and the miners are engaged in its confirmation, for which they take a symbolic Commission. Let’s look at an example, the key rate is $1, the transfer fee will be 0.00001970 TKEY or 0.00000174 TKEY.
0.00001970 TKEY=$0.00001970 0.00000174 TKEY=$0.00000174
Accordingly, commissions are almost zero. In Europe, on average, you will pay $15–20 for a small Bank transfer.
For example, now sending 1 million dollars to BTC, You will pay a Commission in the area of ≈3–8 dollars. Just think, 1 million dollars, without restrictions, risks, and sanctions, and most importantly, the transaction will be the available day today, and you paid an average of ≈5 dollars for the transfer.

Transactions in the Tkeycoin blockchain

Now let’s touch on the topic of how a transaction in the blockchain goes. Once you have sent a transaction, it will be available to the Recipient. The transaction takes place instantly and the User sees not” numbers on the screen”, but real funds-cryptocurrency. This is very convenient when you make any transactions and the Recipient needs to make sure that the payment came.
In the full node-there is a choice of confirmation blocks — this is the amount after which you can use the received cryptocurrency. When sending, you can select the number of confirmations:
• 2 blocks≈10 minutes • 4 block≈40 minutes • 6 blocks≈60 minutes • 12 blocks≈120 minutes • 24 blocks≈4 hours • 48 blocks≈8 hours • 144 blocks≈24 hours • 504 blocks≈3 days • 1008 blocks≈7 days
As we can see, you can also set a weekly confirmation if necessary. The minimum recommended number is 3 blocks. by default, the full node (local wallet) has 6 blocks installed. The presence of this number of confirmations ensures that Your block will not be forged and will be accepted by the network.
Each new transaction that receives network approval is sent to mempool, where it waits for miners to confirm it. When a miner takes a transaction to include it in the next block, it automatically receives the first confirmation.

Generating blocks in the TKEY network

A block in the TKEY network is generated within 6–10 minutes. the network automatically corrects the complexity and time of block formation. Thousands of transactions or a single transaction can be placed in a block.

https://i.redd.it/f9d17k8uptx41.gif
Transactions work faster in the TKEYSPACE app because we have already enabled new algorithms and this is now the fastest and most convenient way to exchange various digital currencies.

https://preview.redd.it/nnz5krdvptx41.png?width=1400&format=png&auto=webp&s=fee452ae6389c8f46d97357777193ed2b10bc4bc
Anyway, using the full node is also one of the safest ways to store and send Tkeycoin cryptocurrency, and most importantly, the full node stores a full copy of the entire blockchain, which benefits the network and provides protection from information forgery.
The more popular the project becomes, the more load is placed on the network itself. For example, 10,000 transactions passed in one block that was processed quickly, while the other 10–20 transactions in another block hung for a longer time, so temporary “pits” may appear. To deal with them, we are working on implementing additional chains-separate chains that are created for cross-transactions, which ensures fast payments under heavy load.
For the global system — we get a shipment around the world in 6–10 minutes, in cross-chains in 10 seconds. In comparison with the global payment system, which processes cross — border payments within 3–5 days, this is a huge advantage. If we add liquidity to this, we will get a perfect payment system.
https://preview.redd.it/2d0uu4gxptx41.png?width=1200&format=png&auto=webp&s=ae5f2f0bc8b7c7dedd1814eb32e97092a6330c3a
Also, you should not forget that if you did not sync with the network and sent a transaction, the transaction may hang in its memory pool and you will have to perform several actions to solve this situation. Here we must understand that syncing with the network is an important point because if you have a connection failure in the Internet Bank, the payment will also not be processed. After all, it will not be sent to a specialist for confirmation.
If you are currently experiencing any delays with transactions, this is due to the transition of CPU mining to GPU, as soon as miners switch to new mining methods, the confirmation of blocks will be consistently fast.
In conclusion: blockchain is a new technology and many terms, concepts and how it all works are still difficult for many to understand and this is normal from innovation.
In many countries, the word cryptocurrency and blockchain are synonymous and no one wants to understand the reality, most people believe that if the blockchain, it means it is related to trading on the cryptocurrency exchange. No one thinks about the real usefulness of certain solutions that will become commonplace for Us in the future.
For example, the Internet banking system dates back to the ’80s of the last century, when the Home Banking system was created in the United States. This system allowed depositors to check their accounts by connecting to the Bank’s computer via their phone. In the future, as the Internet and Internet technologies develop, banks are beginning to introduce systems that allow depositors to get information about their accounts via the Internet. For the first time, the service of transferring funds from accounts was introduced in 1994 in the United States by the Stanford Federal Credit Union, and in 1995 the first virtual Bank was created — Security First Network Bank. But, to the disappointment of the founders of the project, it failed because of strong distrust from potential customers, who, at that time, did not trust such an innovation.
Only in 2001, Bank of America became the first among all banks that provide e-banking services, the whole user base for this service exceeded 2 million customers. At that time, this figure was about 20 % of all Bank customers. And in October of the same year, 2001, and the same Bank of America took the bar in 3 million money transfers made using online banking services for a total amount of more than 1 billion US dollars. Currently, in Western Europe and America, more than 50% of the entire adult population uses e-banking services, and this figure reaches 90% among adult Internet users.
Life changes, and in the bustle of everyday work — we do not even notice how quickly all processes change.
We are experiencing a technological revolution that is inevitable.

https://i.redd.it/afcfj3rzptx41.gif
submitted by tkeycoin to Tkeycoin_Official [link] [comments]

Another mysterious death of an italian ''prodigy'' engineering student.

24 Years old Salvatore Cipolletti from Bologna allegedly died from suicide in Warsaw after saying he won something. I find interesting that there could be a correlation with another Italian student that died earlier this year: Alessio Vinci
There are lots of pieces pointing in the direction of something related to the dark web. Unfortunately i can't find any arcticles in english so i roughly translated this :
''The death of Salvatore Cipolletti , the 24-year-old who died after a flight from the seventh floor from a Warsaw apartment, where he was on vacation with friends, is still shrouded in mystery. The parents, who continue to wait to know the truth about what happened to their son, will today be guests of " Chi l'ha visto ". The program of Federica Sciarelli will in fact take care of the case, which moreover could have some connection with the dark web and its extreme and forbidden games. New developments are therefore expected regarding the inquiry for instigation to suicide , even if in recent weeks an investigation was also opened in Italy, by the Rome prosecutor's office, which is competent for the Italians who died abroad. Lawyer Ivo Gronchi , Salvatore Cipolletti's family lawyer , confirmed this in La Nazione. However, according to Polish investigators, Salvatore's cell phone could be a key element. The puk was in fact found at home, in Ponsacco , and was sent by the parents to the Warsaw prosecutor's office via the embassy. In the phone there may be the pieces that are missing to make a change to the mystery that was consumed last March.
The drama was consummated last March. Before the deadly flight, Salvatore Cipolletti had taken a mix of substances whose effects would be similar to those of ecstasy, fhenibut and alcohol. The young man was on vacation with friends he had known for a long time thanks to the common passion for online role-playing games. It is a Pole, a Croat and a Lucchese who over time had made solidarity with chat and online fights. The tragedy took place under the eyes of the 24-year-old's friends. One of them, however, alleged that they had all taken anxiolytics that evening. And everyone would then give the same version to the police. Salvatore was grim, taken from his cell phone. At one point, as reported by La Nazione, he would have risen from his chair to head towards the balcony. But the flight would have been preceded by WhatsApp messages. Two vowels that contained a disturbing phrase. " We are close to leaving a mark ... I really left my mark, so I fucking won ".
Those messages had been sent by Salvatore Cipolletti to the girl he was visiting in Italy. But his parents, guests today at " Chi l'ha visto ", never believed in the voluntary gesture hypothesis. And the yellow is still standing, although - in the face of what was anticipated by the program conducted by Federica Sciarelli - there could be important developments. They could perhaps concern the analysis of the mobile phone, which could give important indications through its contents. The world of the dark web, the dark and unhealthy part of the Internet, is a possible turning point, partly because the investigations have revealed some payments in Bitcoin (non-traceable virtual currency) made by the computer of Salvatore Cipolletti. Il Tirreno spoke about it in recent weeks, explaining that there would be a shock proposal from a friend who was with him in the apartment. " I was with Cipolletti that night. 150 euros via Paypal and I'll tell you the facts ", but then - as reported by the newspaper that had contacted the boy on Messenger - the conversation was interrupted.''
submitted by deal_with_it_bitch to UnresolvedMysteries [link] [comments]

Jaguar Land Rover news in well known Dutch morning news radio show (+ translation)

This was yesterday (4th September) on the radio at 8:50AM. You can listen to it here starting at 2:48:50 https://www.bnr.nl/playeaudio/10129435/10388713

Madelon (woman talking) is Crypto trader and gives a Crypto update on a well known Dutch news radio channel in The Netherlands called BNR (Business News Radio).
I took some time to translate it roughly.

I'll abbreviate her with M.

The other male person with H (Host).

And there's another person talking near the end I call O (Other).

M: In Holland we do a lot to stimulate public transport but if it's up to Janguar Land Rover you should just continue driving.
Because they are doing a test/pilot where you will be paid when you take your car for a ride.
H: I have a Jaguar so tell me how I can start earning money!
M: Well it's sounds a bit nicer than it is and that is also the case.
The company applies a new smart technology called the smart wallet and currently only the models Jaguar FP and Land Rover Range Rover Velar will be equipped with it.
These models will automatically gather information about your location, travel conditions, battery status but also traffic jams and potholes, but here is the catch. Because all this information can be forwarded to your navigation system or local authorities.
So you are paid for sharing of data. But apart from this privacy aspect which you can debate about there is another reason why this new system is being talked about a lot.
Because instead of being paid in Bitcoin or Euros you are getting paid in the token IOTA.
H: Hang on, so your car gathers data and this is personalized because they need to know how to pay you, but IOTA, what is that?
M: IOTA is something different than Bitcoin also called the Internet of Things currency. Bitcoin runs on computers and they verify transactions and then those are added to the blockchain. But with IOTA that uses the Tangle and that's not a chain of blocks but a large pile of data so all data is put on that large pile and what is very nice about it is that IOTA has 0 transaction costs and next to that is capable of handling an infinite amount of transactions. So it is super suitable for microtransactions. So better than Bitcoin which is very expensive and better than the Euro.
And to be clear there is no Jaguar coin but it's the platform of IOTA which will use it's token for this machine economy.
Jaguar says you will also be able to earn tokens by joining things like carpooling but you will also be able to actually use those tokens again. For instance for toll roads, parking or charging your batteries.
So you get a parallel economy.
Your car can earn and pay money by itself.
H: So like a driving bank?
M: Yes indeed.
H: Well then it's called a Bank Rover.
All: lol hahah roflol.
H: Ok so when do these cars come to market?
M: Well that's not really known yet but from the press release I can understand that there was a lot of attention given to the testing and they are really continuing this development. So it seems the world tomorrow is coming closer and closer.
O: Well so being Jaguar you already have to convince people to share their data, which will be a bit hard to do. And then you also need to convince people to understand that it will be IOTA and what that actually is and means.
H: Oh but I wouldn't even do that, I would just say: the next time you are at a tollbooth in France you don't have to pay, because your car is doing that for you.
M: Very smart.
O: Ah yes, then I understand.
submitted by PuckStar to Iota [link] [comments]

Jaguar Land Rover news in well known Dutch morning news radio show (+ translation)

This was yesterday (4th September) on the radio at 8:50AM. You can listen to it here starting at 2:48:50 https://www.bnr.nl/playeaudio/10129435/10388713

Madelon (woman talking) is Crypto trader and gives a Crypto update on a well known Dutch news radio channel in The Netherlands called BNR (Business News Radio).
I took some time to translate it roughly.

I'll abbreviate her with M.

The other male person with H (Host).

And there's another person talking near the end I call O (Other).

M: In Holland we do a lot to stimulate public transport but if it's up to Janguar Land Rover you should just continue driving.
Because they are doing a test/pilot where you will be paid when you take your car for a ride.
H: I have a Jaguar so tell me how I can start earning money!
M: Well it's sounds a bit nicer than it is and that is also the case.
The company applies a new smart technology called the smart wallet and currently only the models Jaguar FP and Land Rover Range Rover Velar will be equipped with it.
These models will automatically gather information about your location, travel conditions, battery status but also traffic jams and potholes, but here is the catch. Because all this information can be forwarded to your navigation system or local authorities.
So you are paid for sharing of data. But apart from this privacy aspect which you can debate about there is another reason why this new system is being talked about a lot.
Because instead of being paid in Bitcoin or Euros you are getting paid in the token IOTA.
H: Hang on, so your car gathers data and this is personalized because they need to know how to pay you, but IOTA, what is that?
M: IOTA is something different than Bitcoin also called the Internet of Things currency. Bitcoin runs on computers and they verify transactions and then those are added to the blockchain. But with IOTA that uses the Tangle and that's not a chain of blocks but a large pile of data so all data is put on that large pile and what is very nice about it is that IOTA has 0 transaction costs and next to that is capable of handling an infinite amount of transactions. So it is super suitable for microtransactions. So better than Bitcoin which is very expensive and better than the Euro.
And to be clear there is no Jaguar coin but it's the platform of IOTA which will use it's token for this machine economy.
Jaguar says you will also be able to earn tokens by joining things like carpooling but you will also be able to actually use those tokens again. For instance for toll roads, parking or charging your batteries.
So you get a parallel economy.
Your car can earn and pay money by itself.
H: So like a driving bank?
M: Yes indeed.
H: Well then it's called a Bank Rover.
All: lol hahah roflol.
H: Ok so when do these cars come to market?
M: Well that's not really known yet but from the press release I can understand that there was a lot of attention given to the testing and they are really continuing this development. So it seems the world of tomorrow is coming closer and closer.
O: Well so being Jaguar you already have to convince people to share their data, which will be a bit hard to do. And then you also need to convince people to understand that it will be IOTA and what that actually is and means.
H: Oh but I wouldn't even do that, I would just say: the next time you are at a tollbooth in France you don't have to pay, because your car is doing that for you.
M: Very smart.
O: Ah yes, then I understand.
submitted by PuckStar to IOTAmarkets [link] [comments]

Establishing a smart contract commercial scenario: Chainlink, Zk-Snarks and sharding technology work together to make the ultimate killer

This text was translated from Chinese, open following link in Chrome and translate to see all images:
https://bihu.com/article/1242138347
EDIT: found an English text with pictures:
https://medium.com/@rogerfeng/making-smart-contracts-work-for-business-how-chainlink-zk-snarks-sharding-finally-delivered-8f268af75ca2
Author: Feng Jie translation: Liu Sha
“The highest state of technology is to integrate into the various scenes of everyday life, to fade away from high-tech outerwear and become a part of everyday life.” – Mark Weiser
People in the future will not even think that smart contracts are "innovative." By that time, smart contracts would permeate every aspect of life, and people couldn't even imagine what the era of non-digital currency would look like.
Later historians may divide human business history into two eras, the pre-smart contract era and the post-smart contract era. After all, digital money has brought unprecedented changes to the nature and patterns of business practices in the real world. An anonymous member of the Chainlink community once said: "Smart contracts can change the DNA of the business."
Of course, like all the technological revolutions of the past, smart contracts also need to reach a "tipping point" to truly achieve large-scale applications. So we need to ask ourselves two questions:
  1. What exactly is this so-called tipping point?
  2. As of August 2019, have we reached this tipping point?
To reach the tipping point means unlocking the ultimate nirvana of business.
Tipping point We can think about this issue from the perspective of mainstream companies. Imagine what a perfect smart contract platform should look like. What characteristics should this platform have? Or what features must be possessed?
To reach the tipping point, you must establish a public chain with the following four characteristics:
  1. Privacy protection
  2. In addition to the cryptocurrency, the transaction can also be settled in mainstream legal currency and comply with the regulatory requirements of financial markets such as ISO 20022.
  3. Achieve scalability without sacrificing decentralization or security, that is, solving the "impossible triangle problem."
  4. Connect the external data under the chain, that is, solve the "prophecy problem."
Now that we have Chainlink, zk-snarks and sharding technology, we have reached this tipping point.
Next, let's explore how this ultimate nirvana is actually made. Our discussion will be mainly from the perspective of Ethereum, which is still the top smart contract platform for community size and mainstream applications.
So what about the private chain?
Before delving into it, I want to take the time to solve an unavoidable problem. The mainstream view has always believed that the private chain is a more suitable solution for the enterprise. Therefore, we first dialectically analyze the two advantages and two major drawbacks of the private chain.
Disadvantages
  1. Centralization leads to relatively lower security
It's not surprising that IBM and Maersk's blockchain freight alliances have a hard time finding customers who are willing to join. How can other freight companies be willing to let their biggest competitors (Maersk) verify their trading data? Only madmen dare to do this.
  1. The staking of the horses occupy the hills:
This problem is even more serious than centralization. John Wolpert, co-founder of the IBM blockchain, wrote an excellent article called Breaking the Barriers to Realize Security: Why Companies Should Embrace the Ethereum Public Chain, which he covered in detail in the article.
If every company builds its own private chain, it will lead to chaos in the mountains. Today's B2B ecosystem is very complex. Imagine the innumerable private chains of the world intertwined to form a huge "spider web." This is not only cost-effective, but also not scalable.
The starting point of the blockchain is to break down barriers instead of building more barriers.
"One day, one of your big buyers called you to ask if you want to join their private chain. You promised. The next day you received a call from the wholesaler to ask you the same question. Then came the supplier, freight. Business, insurance company or even bank, and each company may have several private chains! Finally you have to invest a lot of time and cost to operate dozens of blockchains every day . If there are partners to let you join them at this time The private chain, you might say "Forget it, or fax me the order!" ”—Paul Brody (Ernst & Young)
“Every time you connect two private chains through a system integrator, you have to pay a lot of money .”
Advantage
  1. Scalability: With the Ethereum public chain implementing fragmentation technology, this advantage is rapidly shrinking.
  2. Privacy protection: At this stage, the classification of public chain / private chain is actually not very accurate. The Aztec , Zether, and Nightfall protocols (both based on the zk-snarks protocol) effectively provide a "private chain model" for the Ethereum public chain, allowing it to switch between the public and private chains. Therefore, a more accurate classification should be the alliance chain and the public chain.
By 2020, the label of the public chain/private chain will gradually disappear. The public and private chains will no longer be two opposing concepts. Instead, the concept of publicly traded/private transactions and confidential contracts/open contracts is changed, and the scope of these transactions and contracts varies according to specific needs, either bilaterally or multilaterally or even publicly.
All in all, the private chain has two major drawbacks compared to the public chain. Not only that, but the two major advantages of the private chain are also rapidly disappearing.
“Technology will evolve over time, so there will be a variety of solutions to solve existing problems. Ultimately, the public-chain platform will have the same performance, scalability and data privacy as the private chain, while at the same time ensuring security and Decentralized."
Feature 1: Privacy protection (predictive machine and public chain privacy)
Enigma founder Guy Zyskind once joked in his MIT graduation thesis that smart contracts can only become commercially valuable if they become "confidential contracts." He later proposed that zk-snarks and Trusted Execution Environment (TEE) are the most promising solutions. He said nothing wrong.
What is zk-snarks ? Zk-snarks is a zero-knowledge proof mechanism (ZPK). So what is the zero-knowledge proof mechanism? In short: a zero-knowledge proof mechanism allows you to prove that you own certain information without revealing the content of the information.
Vitalik Buterin explained this concept in detail from a technical point of view in an article published in 2017. Hackernoon also wrote an excellent article explaining the concept in an easy-to-understand way with the example of a five-year-old child and Halloween candy.
What is the trusted execution environment? The trusted execution environment lets the code run on closed hardware, and
1 ) The guarantee result cannot be tampered with
2 ) Protecting absolute privacy, even hardware running code can't get confidential information.
The most well-known trusted execution environment is Intel SGX. Chainlink has established a partnership with Intel SGX after acquiring Tom Crier.
Ernst & Young released the Nightfall agreement on Github on May 31, 2019. A well-known accounting firm with a history of 100 years will choose to add privacy features to the public chain instead of developing a private chain. This is a problem.
Since then, the community has been actively developing on this basis, not only to improve the code, but also to develop a plug-and-play Truffle Box for those who are not good at writing code. Blockchain communities and businesses generally rarely collaborate, so these collaborations fully demonstrate the popularity of Nightfall.
Prior to this, two zk-snark-based Ethereum public chain privacy protocols were introduced, namely AZTEC (Consensys) and Zether (Stanford, JPMorgan Chase). An obvious trend is slowly taking shape.
In the field of oracles, Chainlink uses both zero-knowledge proof and a trusted execution environment to complement each other. Trusted execution environments guarantee data privacy, even for nodes that cannot access data (this feature is critical for bank accounts and API keys).
Chainlink is still trying to implement a trusted execution environment, and nodes can access data temporarily, so authentication services are also needed. Although the credible execution environment is almost 100% foolproof, in theory, a strong shield has a spear that can penetrate it. Therefore, the team is currently trying to run zk-snarks in a trusted execution environment (Thomas Hodges mentioned this in the 2019 Trufflecon Q&A session). The combination of the two can form a very robust and complete system. The attacker must find a way to strip all the layers of an onion at the same time to make any effective attack (and it is already difficult to peel off a layer of skin).
“Chainlink combines a trusted execution environment with zero-knowledge proof to build what we call a defense-in-depth system, which means they provide all the tools needed for smart contract developers, including trusted execution environments, multiple nodes, and Data sources, fine margins, reputation systems, asymmetric encryption, zero-knowledge proofs, WASM, and OTP+RNG, these features allow smart contract developers to adjust the confidentiality and cost of contracts based on specific budget and security needs. Machine, Chainlink and its four major application scenarios》
In the future, zk-snarks may be upgraded to zk-starks (a fully transparent zero-knowledge proof mechanism) that protects the system from quantum computer attacks. And the best thing about zk-starks is that it's more scalable than zk-snarks. In other words, it can better protect privacy, and the cost of gas will not increase.
If you want to learn more about zk-starks, you can read a popular science article written by Adam Luciano.
Feature 2: Scalability (scalability of predictive machines and public chains) To understand this problem, we can make an analogy like this:
A public chain is like a large enterprise, and every employee (ie, a node) must attend each meeting (ie, confirm each transaction). Imagine how inefficient this company is! Only customers who have a lot of money (ie gas fees) can get their requests to the forefront. And this is not the most serious problem. The most serious problem is that the more employees (ie nodes) who join the company, the harder it is for the company to function properly! In the end, the company not only failed to expand linearly, but also became smaller and smaller. Although this guarantees decentralization and security to the greatest extent, the price is completely abandoning scalability.
There are various temporary fire fighting solutions, but no one solution can completely solve this "impossible triangle problem." For example, EOS uses the DPOS mechanism (share authorization certification mechanism), where only 21 super nodes (many of which are well-known nodes) are responsible for verifying all transactions.
Sidechains (such as Bitcoin's Lightning Network and Ethereum's lightning network) guarantee scalability and decentralization at the expense of security.
So how to use the fragmentation technology to solve this problem? Let's make another analogy:
In reality, there is only one company that is not too much to ask everyone to attend all meetings, that is, small start-ups (that is, private chains that limit the number of nodes).
In most cases, large companies divide employees into thousands of teams (ie, shards), and each team's principal (ie, the certifier) ​​is responsible for reporting to the senior management (ie, the main chain). If people from different teams need to collaborate (and sometimes also), then they can collaborate by cross-shard receipts. If a new employee joins the company, the team can be re-segmented (ie re-sharding). This allows for linear expansion.
In fact, the process of developing a start-up to a large enterprise is surprisingly similar to the process of Ethereum 1.0 developing into Ethereum 2.0.
“The Ethereum 1.0 period is that several people who are alone are trying to build a world computer; and Ethereum 2.0 will really develop into a world computer.” Vitalik Buterin said in the first piece of the workshop.
Since Ethereum was not originally built on the principle of fragmentation, it takes seven steps to achieve the goal (this is a bit like the word morphing solitaire game). The first step is planned for January 3, 2020.
At the same time, developers can use many other blockchain platforms designed based on the fragmentation principle. Some platforms, including Zilliqa and Quarkchain, are already compatible with Chainlink.
If you want to see more in-depth technical analysis of shards, check out an article by Ramy Zhang.
In the field of oracles, Chainlink has the following two characteristics:
1 ) Use Schnorr threshold signatures to quickly reach consensus in a cost-effective manner. The next version of the chain only needs 16,000 gas.
2 ) We have previously discussed the need to use trusted execution environment hardware to ensure that nodes cannot access sensitive data. Since you have hardware in your hand, you can use it to do some actual computing work, so that you can properly reduce the amount of computation on the smart contract platform.
"With the SGX system (Town Crier) and zero-knowledge proof technology, the oracle can be truly reliable and confidential, so the boundaries between the oracle and the smart contract are beginning to flow... Our long-term strategy... is to let The predictor becomes the key chain of computing resources used by most smart contracts. We believe that the way to achieve this goal is to perform chain operations in the oracle to meet various computing needs, and then send the results to the smart contract."Chainlink White Paper, Section 6.3 (26 pages)
Of course, this “long-term strategy” has certain risks, unless Chainlink can implement a trusted execution environment and its service provider ecosystem can achieve a qualitative leap. However, the Chainlink team's vision is absolutely forward-looking: under-chain computing is a key factor in ensuring that blockchains are not dragged down by large amounts of IoT data.
The Internet of Things has dramatically increased the current state of big data. At present, most of the data is still generated on the software side, and it is not real-time data, and most of the data in the future will be real-time data generated on the sensor side. One of the big drawbacks of real-time data is that it increases storage pressure. For example, Coughlin Associates expects an unmanned car to generate 1G of data per second. This means that the same car will produce 3.6T data per hour!
The only viable solution is to do real-time analysis of the data, rather than storing the data first. In the Global Cloud Index: 2016-2021 Forecast and Methodology White Paper, Cisco predicts that more than 90% of data in 2021 will be analyzed in real time without storage.
That is to say, the essence of data is that it can only exist in just one instant. The nature of the blockchain is not to be modified, so the two are as incompatible as water and oil.
The solution is to analyze the raw data under the chain, extract the meaningful results and send them to the blockchain. The combination of fragmentation technology and trusted execution environment forms a new computing architecture, similar to the cloud computing-fog computing-edge computing architecture.
It should be noted here that it is good to improve computing power, but this is not the main purpose of the blockchain.
The fundamental purpose of the blockchain is not to reduce the original cost of computing and data storage. After all, technology giants such as Amazon, Microsoft, Google, Salesforce, Tencent, Alibaba, and Dropbox have built world-class cloud services. The centralized server wins high computational efficiency (but the blockchain will greatly improve the computational efficiency through fragmentation technology, and will catch up with it one day). The value of the blockchain is to reduce the cost of building trust. Nick Szabo calls it "social scalability" (this is a relative concept to the "operational" scalability we have been talking about). Vitalik Buterin also made it clear that the meaning of smart contracts is to accept small arithmetic delay penalties in exchange for a substantial reduction in "social costs."
Alex Coventry of the Chainlink team once raised the question: "We have missed many opportunities for cooperation and reciprocity because we can't confirm whether the other party will fulfill the promise?"
Is there any potential for data storage projects like Siacoin and IPFS? What about decentralized computing projects like SONM and Golem?
Siacoin 's core value proposition is not that its computing efficiency is higher than traditional cloud services. The cost of computing is required to split, repeat, and reassemble data. And companies are more capable of buying the latest and greatest hardware than individuals. Siacoin's core value proposition is to process data in an Airbnb-like mode, so management fees will be lower than traditional models. It also generates additional social value, such as flood control, privacy and security, and anti-censorship.
The same is true of Golem and SONM. Even with the most efficient protocol, it is inevitable that a small amount of delay will be imposed and fined to coordinate the hardware of different geographical locations. Therefore, under the condition that all other conditions are equal, the centralized hardware still has the advantage of faster computing speed. However, the core value proposition of the above project is to use the Airbnb-like model to reduce management costs.
We must strictly distinguish between "social scalability" and "operational scalability", and the two cannot be confused. I will explain these two concepts in detail when I discuss "Magic Bus and Lightweight Library" later.
Feature 3: Compatible with legal currency
Most mainstream companies do not regard cryptocurrencies as "real currencies." In addition, even if someone wants to use cryptocurrency for trading, it is very difficult to actually operate because of its high price volatility. I discussed the “price volatility problem” in detail in Chapters 8 and 9 of the previous article. These problems do not completely erase the existence value of cryptocurrencies, because cryptocurrencies also have many advantages that legal currency does not have. I am just emphasizing what we need to know more about the comfort zone of mainstream companies.
Chainlink acts as a universal API connector that triggers open banking payments. Chainlink is fully compliant with ISO 20022 and has established a long-term partnership with SWIFT (it is worth mentioning that SWIFT has not been updated for a long time and hopes to be updated after the SIBOS 2019 conference).
PSD2 will take effect on September 14, 2019. All banks in the EU will all comply with this new regulation by then. In other words, the bank must put all account data in the "front end" and can be called through the API. The approved third party (ie, the Chainlink node) can trigger the payment directly without the payment service provider.
Although the United States and Japan have not adopted similar laws, many banks still spontaneously promote the development of open banks. Banks open APIs to third-party developers to create new revenue streams and customer experiences that ultimately increase profitability. In addition, this will allow banks to better respond to competitors in the mobile payment and financial technology sectors in an APP-centric economic model.
As this open banking revolution continues, Chainlink will connect smart contracts with the world's major currencies (US dollar, euro, yen, etc.).
Only one external adapter is required to connect to the authenticated API. From a programming perspective, it is relatively simple to allow everyone in the community to contribute code to the code base (and thus achieve scalability). Chainlink has released adapters for PayPal and Mister Tango (European version of PayPal).
Feature 4: Data connection with the chain
Chainlink has been working on solving the "prophecy problem" and successfully succeeded on the main online line on May 30, 2019.
Chainlink has made many achievements in just a few months. Provable (formerly Oraclize) was successfully used on the Chainlink node and finally settled the debate about whether the predictor should be centralized or decentralized.
Synthetic Ether lost 37 million Ethercoins in a hack because it did not connect to Chainlink. Fortunately, the money was finally recovered and did not cause any loss. This lesson illustrates the importance of decentralized oracles.
In addition, both Oracle and Google have partnered with Chainlink to monetize their API data and create a virtuous circle to capture the market opportunities that Facebook missed.
There are new nodes coming online every week, and the network activity has been very high. The Chainlink team maintains a list of certified nodes in the documentation and Twitter releases. Twitter user CryptoSponge also set up a new development for the Tableau push update Chainlink team:
Regarding the importance of the current stage in the history of blockchain development, Brad Huston summed it up very brilliantly:
"The biggest problem with cryptocurrencies is to build bridges between cryptocurrencies, fiat currencies and big data. Chainlink is very beautifully narrowing the distance between the three. Now it can even be said: 'The bridge has been built.'"
Magic bus and lightweight library
Let's summarize what we discussed earlier. The real purpose of the blockchain is to reduce the cost of building trust and achieve "social scalability."
Therefore, according to this logic, the main application scenarios of platforms such as Ethereum 2.0 and Zilliqa should be in the B2B field. I quote a sentence I wrote in a previous article:
“My conclusion is: If the smart contract is successful, it will also succeed in the B2B field first.”
The private chain itself is self-contradictory and destined to fail. It has led to the phenomenon of occupying the hills, thus increasing the social cost, which is in opposition to B2B itself, and ultimately it is self-restraint. ”
Before the emergence of fragmentation technology, even simple games (ie, etheric cats) could not be smoothly run on the public chain, let alone dealing with complex B2B contracts and even changing commercial DNA. With the sharding technology, everything is ready.
Despite this, we can't use Ethereum 2.0 as an all-powerful platform. Just now we said that although it is a good thing to speed up the calculation, this is not the real purpose of Ethereum 2.0. And before we also said that due to the irreversible modification of the blockchain, it is not good to deal with a large number of fleeting real-time data of the Internet of Things. In other words, we must be soberly aware that Ethereum 2.0 will not replace traditional web 2.0. Instead, we should make better use of the real advantages of Ethereum 2.0:
“There is a new concept now, that is to think of the Ethereum main network as a global bus... We use the Ethereum 2.0 main network to treat various business resources as a working group on Slack: it can be easily built and integrated. And restructuring. The SAP inventory management system in your company, the dealer's JD Edwards ERP system, and the financial technology partner's tall blockchain system can seamlessly interface, eliminating the need to develop an infrastructure specifically for each partner." - John Wolper describes his ideal "magic bus"
Ethereum 2.0 should be an integration center, not a data center or computing center. It should be a library built specifically to store B2B contract terms (to be honest, even with fragmentation technology, the amount of data is large enough).
We should not expect Ethereum 2.0 to be an all-powerful platform, but rather develop it into a "lightweight library."
If we reorder the pyramid model just now, the architecture of the magic bus is obvious:
Of course, the positional relationship in the above model is not static. With the development of 5G technology, edge computing and IoT sensors, they may bypass the cloud to directly interact (or even bypass the fog end). If the collaboration between Iotex and Chainlink is successful, then the edge can interact directly with the trusted execution environment.
Time will tell if Airbnb's shared data storage and computing model can make management costs lower than the current mainstream Web 2.0 model. Time will also prove whether the market really needs anti-censorship, anti-tampering, security protection and privacy protection. Do users really care about these social values ​​and are willing to pay for them? Do they think these are just the icing on the cake or the most fundamental value?
in conclusion
Whether it is the battle between web2.0 and web3.0 or the battle between cryptocurrency and legal currency, one thing is beyond doubt:
We have reached the tipping point, and the era of smart contracts with commercial value has arrived.
In fact, the only problem at the moment is the time issue, and the main roadblocks have been basically cleared.
  1. When will Ethereum 2.0 finish these 7 stages and be officially released?
  2. When will Chainlink use a trusted execution environment on a large scale? If the cooperation between Intel SGX and Town Crier fails, what alternative plans are there? Will Chainlink communicate with other blockchain teams that plan to use a trusted execution environment (such as Dawn Song's Oasis Labs)?
At present, the main technical problems in the ecosystem have been solved, and now it is only necessary to recruit a group of enthusiastic developers to do the work of “connecting the line”.
Digital currency has changed commercial DNA, and the future is full of possibilities.
The only thing that hinders us now is our own imagination. The future is infinitely imaginative, and the future will be the world of developers. Dapps is already overwhelming. There is no doubt that we have found the ultimate nirvana.
This text was translated from Chinese, open following in Chrome and translate to see all images:
https://bihu.com/article/1242138347
submitted by QuantLink to LINKTrader [link] [comments]

An incredible comment about bitcoin from a zerohedge reader from May/2017

http://www.zerohedge.com/news/2017-05-31/ethereum-forecast-surpass-bitcoin-2018#comment-9633923
"The deflationary aspects of a free market avalanche of investment capital into cryptocurrencies is terrifying, especially for a world that is drowning in debt represented by existing national currencies.
Here's the frightening scenario : you owe several hundred thousand dollars or yen or euro on your mortgage and other debt. Your employer is pretty hip and they start paying you in this new cryptocurrency because they see the currency rising so they have transferred all the company's cash assets including payroll into a cryptocurrency. They hope the transfer will lead to increased bottom line earnings for the company, since the cryptocurrency keeps rising and that means the company may enjoy a currency arbitrage profit as their former currency not in crypto keeps rising and providing profits.
For you, the new payments in crypto are great, because by the time you finish paying your bills each month your paycheck has risen in value...so its like getting a bonus with every paycheck ! What's even better, you easily transfer enough cryptocurrency each month into dollars because the mortgage servicer who you sends your mortgage to specified in the mortgage agreement that your payments will be in dollars. So too did the credit card companies. So you translate some of your crypto paycheck into dollars and pay your debt bills.
Here's where it gets interesting...
The mortgage servicer and the credit card banks receive your dollars as planned. But like you, they are having to start transacting more business in cryptocurrency as the world marches toward the brave new world, and so the dollars they are being paid by you to settle your debts with them are becoming less and less powerful in terms of how much cryptocurrency those dollars can buy. In real buying power terms, the banks you owe money to start losing buying power when they have to translate dollars they are paid into cryptocurrency, and that is causing the banks to suffer loses to its overall earnings.
When banks start losing money, they become more cautious and lend less money. There will be the constant losses doe to currency translation from dollars to crypto, along with risk managers in the banks cautioning not to make new loans in crypto because the more the crypto rises in value against existing currencies, the more likely will there be a correction in crypto value that means the crypto collected on the new loans will be worth less than the crypto lent.
When banks reduce their appetites for making loans, economies slow down and suffer. The gain that indebted consumers made from the cryptocurrency translation resulted in offsetting losses for banks. Since there are a lot fewer banks than borrowers, the gains for each individual borrower are a lot smaller than the huge losses that the banks will take in receiving loan payments in a currency that is in free fall because of the supply-demand equation for the more favored crypto. What you then have is a mortgage crisis like in 2007, magnified several times over. In the mortgage crisis, individuals received small benefits by living in homes without paying mortgages, while banks and holders of mortgage backed security liabilities died a death of a million slashes as they absorbed all of the defaults. This time it will be far far far worse.
What makes this scenario even more catastrophic is that in order to stay in business, the banks will need massive capital infusions from governments, just like last time. But since governments cannot mine cryptocurrency like they could print currency, whatever infusions of liquidity they make to the banks to save them will simply serve to push the value of cryptocurrencies higher, causing this entire process to multiply to the point of runaway reaction. Cryptocurrency mining procedures are just too small and difficult and time consuming to be useful in a liquidity starved world.
The solution, of course, is to pull the cryptocurrency plug once the problem appears. But as we see time and again in financial crises, by the time the problem appears its way too late to take corrective action that would avert a catastrophe.
So that's where the world unwittingly is going, and because governments have lost so much trust in their constituencies, and also because they have shown an incredible set of blind eyes to work on fixing problems, this deflationary firestorm will occur and destroy the world's financial system. There is a huge amount of money to be made on all of this, just think about who gets hurt if the major banks really fail and the governments are unable to save them. Bank stocks, industrial stocks, home builders, home furnishers...basically everyone. This is the one scenario in which the stock market could not even be saved by the government printing press...what an interesting idea !
So from an investment standpoint, the growing wave into cryptocurrency will provide the investment opportunity of a lifetime. Its the perfect storm...it combines the seemingly universal dislike of government intervention to prop up highly overvalued stock markets so the rich get richer while the working person cannot get a decent raise, with the also seemingly universal desire to keep the internet free and beyond the clutches of government regulation. It gets rid of these dastardly Central Banks that have done nothing to help anyone but that same wealthy one percent that benefits from zero percent interest rates, and individuals love the perceived strength that a currency freed from government entanglement means to a free world. Everyone sees the nirvana, but hardly anyone understands the devastation that deflation has on a world so over-leveraged on debt.
Interestingly, the winnings from this deflation have nothing to do with whether you decide to put a few thousand dollars into Bitcoin so you can look cool to your kids and co-workers. No, the profits in this one will be in the old school avenues, assets denominated in the old currencies that crypto is looking to replace. Imagine shorting Goldman's stock and actually seeing it drop and stay down. Or seeing Berkshire Hathaway put that old man who has been a beneficiary of his time sink into oblivion and turn the old wizard into an old fool.
The most interesting times in the financial world occur when the world moves from one age to another. Think of agrarian to industrial, industrial to government/military, and now government/military to information age. At all of these interfaces, the seams were sharp enough to cause a terrible rip in the fabric of the world economy, and winter came in the form of global depressions to wipe away the old leaves and dead wood. Cryptocurrency will be the death knell of the government/military age, because it takes government out of controlling the money. There will be a new money with millions of new overseers and a free market that replaces the dominance of small cabals of government bureaucrats who dictate the terms of commerce in the world.
That seam is going to be greater than most in the past, because of the magnitude of what is being replaced and the terribly ripe condition that exists to be replaced. The interface will be epic, the transition states along the way will be horrific. Remember what Brad Pitt cautioned in The Big Short :"...for every one point rise in the unemployment rate, 40,000 people die". That relationship will rise when this nightmare takes hold.
It’s so interesting how a development led by young people - the advent and expansionary use of cryptocurrency - still will be subject to the old rules of society. The axiom "may you live in interesting times" - originally intended to be a cautionary advisory - along with the caution to "be careful what you wish for as it might come true" both ring in my ears as I contemplate how cryptocurrency will be the bleach that washes away the excesses of a dying age in favor of the birth of a new one.
Economic depressions are magnificent social colonics, as they wash away all of the filth that accumulated in the prior age. Every bad thing that you saw on display in the lead up and psot script of the financial crisis is about to be gutted and burned. Yet the world will enter its new economic age hamstrung by the pains of paying a severe penance for its foolishness of the age it is putting to rest. The best thing about economic depressions is that the greatest transfers of wealth - usually from the haves to the have nots - occur in these times.
So if you really believe that cryptocurrency is here to stay and the next big thing of the future, then take precautions now and get yourself in position to be one of these beneficiaries of the transferring wealth. Have your plan ready, you will know when its time to execute. Fortunately for the foolishness of the Gods of the old world, they have put up the prices of assets so high that you will have plenty of time to get onboard when the train starts heading down the mountainside.
Enjoy the ride !" -Harry Lightning
submitted by jetrucci to CryptoCurrency [link] [comments]

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