submitted by tkeycoin to Tkeycoin_Official [link] [comments]
“The TkeyNet development team is surprising to us” — recently such a quote came from our lips. Why would that be?
TkeyNet: Instant transactionsNow transactions in the TkeyNet network are instant. You won’t even notice how the TKEY delivers to the recipient. For example, when you send a payment from card to card, and after a few seconds, the money is in the recipient’s possession. Despite the fast speed of transactions, the system has not only preserved its security properties but also strengthened them and still works on the blockchain.
“The chain of information a store on every computer in the network. The addition of information occurs by using cryptographic functions, allowing you to identify the information for any period. When a new data block adds to the TkeyNet network, the integrity of all previous information confirm by the entire TkeyNet, and each node checks its integrity.”
In early September, we completed work on one of the main functions of the system: “The Financial Module Of The Marketplace.”
What is it for, and how does the “Financial Marketplace module” work?TkeyNet combines various assets in a single system, creating instant access to liquidity. Digital exchanges connect to TkeyNet and provide assets for exchange: BTC, USDT, ETH, and others. For example, Kraken connects to TkeyNet and provides digital assets: ETH, ETC. Binance: USD, BTC. Bitfinex: USDT, EOS, etc. Exchanges can provide any assets that trade on their platforms.
The blockchain acts as a Registrar of financial transactions. Accounts, balances, and orders store in a distributed registry TkeyNet, and copies of data to distribute across network TkeyNet nodes. Payment routing is implemented in the TkeyNet system, which allows you to track not only balances but also distribute transactions without the participation of any party.
The user, in turn, has quick access to transactions with digital currencies, regardless of the blockchain used: Bitcoin, Ethereum, EOS, or any other, transactions are recorded in TkeyNet, and transactions are processed instantly.
“The task of the platform is to automate the interaction of the parties and ensure the convenience of performing operations. — This is the core element of a trusted environment.”In addition to digital assets, the “Financial Marketplace module” includes working with Fiat currencies, stocks, bonds, as well as raw materials: oil, gas, diamonds, etc. — This means that payment systems, banks, currency exchanges, commodity exchanges, and other financial market participants, are also connected to the TkeyNet blockchain.
Payments between companies in a few secondshttps://preview.redd.it/v84fizszvdp51.png?width=1920&format=png&auto=webp&s=e501b06661b2a960fe75abe07a1aba5177db620d
Companies can make payments in seconds, not days. TkeyNet can seriously mitigate the adverse risks of extraterritorial sanctions against the financial system of the countries if such follow. Also, the ability to conduct internal and cross-border transfers through an independent financial channel directly to the counterparty at high-speed is beneficial to business and the state from any point of view.
Each user will be able to make quick transfers to counterparty wallets, exchange digital currency for another or fiat money at the current exchange rate.
What else is interesting? — ApplicationsDevelopers can connect to TkeyNet and get access to a large-scale pool of liquidity: digital currencies, stocks, precious metals, etc.
This solution not only reduces development costs but also allows you to get access to the best prices and fast exchanges. You can create any financial application, regardless of the market usage: a cryptocurrency, or financial markets.
Developers can create a digital Bank or exchange, fast connect the app, and TkeyNet using the API.
“By working with partners around the world, we can significantly increase our market share in this business, providing our partners with ready-made tools without risks.”And also regardless of the applications that will be created by partner developers. The company will provide its interfaces that will provide access to various types of assets — digital currencies: BTC, USDT, ETH, etc.; Fiat currencies: euros, dollars, pounds, etc.; securities and commodity assets.
Anywhere in the world, at any time, the system user will have access to the desired currency without having to exchange one for another. Also, when implementing the application for NFC payments, it will become even easier to use the system. However, even with the availability of several types of currencies, such as the pound, dollar, and euro, it is easy to make payments abroad.
“According to the World Bank, more than 1.7 billion adults are still not covered by banking services, but two-thirds of them have a mobile phone that can help them access financial services. — This tells us one thing: the traditional banking approach is exceptionally inefficient. Lack of infrastructure: a network of ATMs, fees and deposits, a network of cashiers, and internal money transfer programs are just some named obstacles to creating a real banking experience.”Imagine that in one app you have access to Apple shares, Tesla shares, gold, precious metals, rubles, dollars, and even oil if you want. TkeyNet — makes this possible.
TkeyNet is an industrial solution designed for companies and users at the same time. Since payments in the system are very fast, a person can store and send money in any asset they want. This flexibility creates an open market, which is necessary at present.
PostscriptTkeyNet back-end — completed. Currently, we are actively working on the front-end side. Regardless of working on the front-end side, the TkeyNet system is tested on an ongoing basis.
submitted by fleta-official to fletachain [link] [comments]
A cryptocurrency exchange is the meeting point where traders exchange their cryptocurrencies for fiat money or other cryptos. These online exchanges, where the market price is generated, mark the value of cryptocurrencies based on supply and demand. It is a virtual space that allows the purchase and sale of cryptocurrencies.
Since the appearance of Bitcoin in January 2009, cryptocurrencies have quickly demanded the use of this type of platform to access decentralized assets. The first cryptocurrency exchange was developed in March 2010 under the name of Bitcoinmarket. Since then, many proposals have emerged in the crypto space to provide quality options to cryptocurrency traders worldwide.
One of the important achievements of a Blockchain platform is getting your currency listed on a major cryptocurrency exchange in the digital finance arena.
According to the Cambridge Dictionary, in the stock market, the term ‘listing’ refers to a place in a list of companies whose shares are bought and sold on a particular stock market, or the act of putting a company on a list. In the case of cryptocurrencies, the native tokens or coins of a blockchain platform represent those ‘shares’ of the platform.
However, being listed on exchanges, especially on major ones, is neither easy nor straightforward. Many cryptocurrency exchanges have well-defined listing criteria to list the cryptocurrencies of credible projects, and not all projects meet the criteria the exchanges present.
How exchanges operate
Cryptocurrency exchanges can be classified into different types, but they all share something in common. They are all platforms designed to facilitate the participation of their users in the alternative cryptocurrency market.
For this, they have fundamental and technical analysis tools and a large number of indicators so that traders can make the best decisions at all times within the market.
Depending on the type of exchange used, transactions work on the platform or user side, all based on the benefits offered by blockchain technology.
Most of the exchanges charge a commission on the buy-sell operation established by the trader. Also, those transactions are confirmed in the native blockchain of currency on which it is operated. Thus, for example, if you deposit or withdraw a certain amount of BTC in Binance, you will have to wait for the confirmation of the bitcoin blockchain network. You can see the corresponding balance successfully reflected after your transaction is confirmed.
What is the difference between a CEX and DEX
As we mentioned earlier, there are many categories of cryptocurrency exchanges, but fundamentally two large groups dominate the scene: centralized «CEX» and decentralized «DEX» exchanges.
The first group corresponds to traditional exchanges, where access to buy or sell their tokens according to the market price.
Compared to DEX, they are highly regulated platforms that must meet KYC(Know Your Customer) and AML(Anti money laundering) standards. It means that there is no privacy on their platforms since users are forced to reveal their identity to trade. Coinbase, Binance, Kraken, Bithumb, and Bitfinex are examples of this type of exchange.
Moreover, CEX charges for its services, and some of them offer funding alternatives through traditional bank accounts or conventional credit cards. By charging commissions, CEX keeps the platform functioning and generating income.
In the case of decentralized exchanges or DEX, they are a direct evolution of the traditional ones. Although they work in a similar way to the CEX, they are able to operate in a decentralized way thanks to smart contracts. It indicates that there are no intermediaries, and the platform is self-supporting due to its programming. In addition to this, DEX usually has high levels of privacy and even anonymity since it does not require KYC or AML. Some of the examples of DEX are AirSwap, Bancor, UniSwap, and Bisq.
However, despite its mentioned qualities, there are defects that traders are reluctant to use DEX exchange. In many cases, its interface is difficult to use for the average trader to operate, and it has limited order types. Also, its low liquidity that generates high spreads drives away the users.
Where FLETA is listed
In the case of the FLETA token, we can find it available in a large number of exchanges globally.
Since our first listing on the GDAC Exchange with the FLETA / KRW pair, the token is now available on five more exchanges for a total of enlistment in 08 pairs within six global exchanges.
Below you can find the complete list of token availability in cryptocurrency exchanges in the market:
● Bithumb «FLETA / KRW»
● Coinone «FLETA / KRW»
● Bithumb Global «FLETA / USDT»
● Bittrex «FLETA / BTC»
● DigiFinex «FLETA / ETH»
● DigiFinex «FLETA / BTC»
● GDAC «FLETA / KRW»
● Bitsonic «FLETA / KRW»
submitted by cryptoerapro to u/cryptoerapro [link] [comments]
Bitcoin is troublesome to use.
But bitcoin’s isue may build it additional valuable.
So, what’ reality regarding bitcoin’s future?
As bitcoin hits mainstream media, the subject of bitcoin mining
bubble regarding to pop.For ten years, the media has enjoyed painting bitcoin as a bubble concerning to pop. They’ve gleefully pronounced the bubble popped and bitcoin dead … over 350 times. However the reality regarding bitcoin is that it keeps coming back back. Why?
Charlie Munger called bitcoin “worthless artificial gold.” Others in the media have likened bitcoin to a bubble, a “tulip mania,” and different strong statements
Each time bitcoin improves itself (like with Segwit
Segregated Witnesses. A protocol implemented by Bitcoin to extend transaction speed. SegWit allows a lot of transactions to be written into a single block on a blockchain.
or the Lightning Network), or will increase in value, the media is keen and ready to jump on it, decrying and denouncing it.
Therefore what’s the reality behind bitcoin’s price -- is it extremely a bubble?
The reality regarding bitcoin is straightforward; it's experiencing the same rise and fall cycles as each new technology and asset catego
The web also experienced a bubble. Shares of dotcom firms rose by a thousandpercent on a daily basis. Then it all tumbled down. However we have a tendency to’re still using the web, aren’t we have a tendency to? More than ever, in fact.
Stocks conjointly experienced big boom and bust cycles, especially in their early days.
We might feel like stocks have been around forever -- and to us they need. However stocks conjointly had a starting, and a rough one too. Once upon a time in 1531, when the first stocks were invented, they saw extraordinary volatility, scams, and no regulation. In fact, before stock exchanges, they were sold at occasional shops -- just like cryptocurrencies were sold on la peer to peer
marketplace, before exchanges came online.
Even property, viewed by the majority as “the safest investment” experienced a dramatic cycle. Business Insider reported that “Between 2006 and 2014, nearly ten million homeowners in America saw the foreclosure sale of their own homes.” And tens of thousands became homeless as a result of of it. Nevertheless --- we have a tendency to’re still living in homes, aren’t we?
The future of bitcoin would possibly be the identical as that of stocks, bonds, assets, and the web. It rises and falls like all the others, and it is currently terribly volatile -- but that’s as a result of it’s young.
Stocks have been around for 400 years. Dotcom corporations for forty years. Bitcoin is solely 10 years previous -- and cryptocurrencies, normally, are even younger. But slowly, they will become a part of our daily lives.
Rich investors are manipulating costs!
Look at this headline from the Independent: “Bitcoin price Crash: 'Manipulative Whales
A very wealthy individual capable of creating massive trades.
View full glossary
' cause Cryptocurrency Market Meltdown!”
It’s sensationalism, pure and straightforward. The article goes on to rant against these therefore-known as “whales” -- individuals who own voluminous dollars of BTC -- as evil-doers who’s solely thought is profit.
This type of sensationalism is meant to harm Bitcoin’s future; to scare people faraway from doing research and thinking for themselves.
Nonetheless, this statement is somewhat true. Up to eighty five% of Bitcoin’s supply is solely owned by onepercent of wallet addresses.
But there’s an important point to be made about these numbers. Most of the prime percentage of wallets is not owned by whales -- but by exchanges
On-line platforms on which people can buy and sell cryptocurrencies.
View full glossary
However their result is getting smaller and smaller.
A company referred to as Chainalysis -- that makes a speciality of analyzing the Bitcoin blockchain
-- found that “the actual threat that all whales pose to the cryptocurrency economy is relatively low. If they sold off their entire holdings, it'd be effectively a $3.9 billion sale at current costs. That’s not even tenpercent of this total market capitalization of Bitcoin.”
This is as a result of, as I hinted above, several of those wallets holding such vast sums are the ‘cold wallets
’ (wallets held offline) belonging to major exchanges like Coinbase, Kraken, Binance, and more. These wallets cannot be used to manipulate the price, diminishing the potential impact of enormous ‘whales’ selling their positions.
Bitcoin is simply too slow for use as a currency.
The reality regarding Bitcoin is that yes, it's slower than VISA, Mastercard, and alternative centralized electronic payment systems.
Paying together with your credit cards takes seconds and the network can handle payments around the globe twenty fouseven. But, though Bitcoin can additionally be used around the world, confirmation
of payment takes an average of 10 minutes; during the bitcoin craze recently 2017, confirmation times might take hours.
Moreover, VISA on average processes around 2,00zero transactions per second (tps). This means the amount of payments individuals make per second on the network. VISA includes a maximum of twenty four,00zero TPS. Bitcoin, by distinction, has a maximum of ten TPS. This argument has been place forward by several critics over the years and picked up by the media as the doom of bitcoin’s future.
However Bitcoin could be a technology that evolves.
Now let’s assume regarding Bitcoin’s past for a moment. The coin and its underlying technology -- the blockchain -- are only ten years previous. When the web was ten years old -- the year was 1989. Do you keep in mind the net in 1989? I sure do.
payments in exchange for not revealing sensitive info. So, in bound ways that, BTC and cryptocurrencies offer hackers a lot of options.
However money continues to be king for every criminality.
Though it’s true that hackers and phishers do typically ask for payment in BTC
There’s an aphorism: “money talks.” It means that that if you would like to get something done -- the best argument you can build is to place down a stack of money. When Bitcoin rose to fame, the primary headlines focused around Bitcoin being the prime choice for criminality.
But Lilita Infante, Special Agent for the DEA (Drug Enforcement Administration) has some contradictory info regarding this. She was one among a ten-person Cyber Investigative Task Force team whose primary aim was the dark web and crypto-related investigations. This cluster is no little force. They collaborate with the Department of Justice, FBI, and also the Bureau of Alcohol, Tobacco, Firearms and Explosives. And she went on the record to talk regarding what share of bitcoin transactions are literally being employed for illegal things; she said that “illegal activity has shrunk to about 10 p.c.”
Only tenp.c of all the transactions on the Bitcoin network could be used for illegal things. Which number is falling.
The fall in Bitcoin’s use among criminals is due to several factors. The most prominent factor is that Bitcoin is no longer anonymous. Sciencemag wrote a full report on how governments are developing and using techniques to explore the Bitcoin blockchain and notice criminals by tracing their bitcoin payments.
Paying with bitcoin isn’t simple.
I’ve heard this argument flow into widely throughout the years. I still hear it from my grandpa each vacation dinner. He didn’t see a Bitcoin checkout option at the grocery when he bought the turkey -- therefore it’ll never be used.
Perhaps Bitcoin is on its means to being such a store of worth. For 10 years now bitcoin has been ready to be saved and retrieved and exchanged -- and it’s worth has only gone up (bumpy but up).
Need to get more cryptocurrencies? Check out our top 5 cryptocurrencies to shop for, whether you’re a beginner or an experienced investor!
Bitcoin is difficult to use.
Bitcoin, like all new technologies, isn't the most user-friendly.
You would like to line up a wallet, bear in mind a seed phrase, and several additional steps. Sending and receiving BTC
payments additionally involves steps of copy/pasting long strings of random letters and numbers. It’s powerful, I hear ya.
I additionally keep in mind all the steps I needed to require to send emails back when those were new. Insert a CD from AOL into my computer. Install AOL. Unplug my phone line. Plug in my Modem. Wait for it to make all those noises and finally connect. Then set up my AOL email and password. It was quite the method.
My grandfather never thought emails would come out and even my mother said folks would perpetually like handwriting letters (and using a physical dictionary for spell check!) and sending through the post.
Think about it the approach we tend to assume about gold. Not everyone has gold. It’s also a bit difficult to own.
If you wish to own gold for its ‘store of price’ properties, you wish to seek out a specialized look to buy investment gold. You need to store it somewhere, sort of a personal safe or a bank vault, and bear in mind the password. This is somewhat troublesome.
Perhaps Bitcoin’s problem will facilitate it retain its value, just like gold
You Might Conjointly Like: The 5 est Bitcoin Sports Betting Sites
So much has happened this week! We saw a capitulation point of bitcoin before bears took over and we saw the selling pressure push Bitcoin down toward the $9000USD mark then move back up above $9100USD So far it has been a stable hold, however we may see some more action within the coming weeks.submitted by IOTAbesomewhere to Gravychain [link] [comments]
Widespread scamming within the Twitter-sphere, Youtube and other platforms as Bitcoin and other cryptocurrencies may seem like fair game. Cryptocurrencies providing big payouts for scammers without the ability for reversals of accounts. Remember if something seems too good to be true, do some research or just plain do not respond/believe it. Stay safe and careful with your funds!
On the brightside, there has been even more adoption of cryptocurrencies as rumours of Paypal utilising cryptocurrency has been confirmed as they are developing crypto capabilities. In addition to this we received exciting news at the start of this week about Binance partnering with Swipe (SXP) and offering a debit card to spend BNB, SXP, BTC and BUSD. ( I will be keeping a swift eye on BNB and Swipe as its utilisation as tokens has just increased 43 fold).
Positive news for the Bitcoin network as its hashrate reaches all time high which helps to secure the network further even though mining profits have dropped by 50% from the recent halving. If you didn't know already the last Bitcoin will be expected to be mined in 2140 with its difficulty ever increasing and each time securing the network further. Processing units will have to become faster, stronger and most importantly more cost effective to continue to entice miners for the block rewards and further renewable energy practices.
Furthermore we can see Central banks and countries discussing and developing Central Bank Digital Currencies (CBDC). Read more about it here https://www.investopedia.com/terms/c/central-bank-digital-currency-cbdc.asp and check out some of the developments in the world above. This shows the popularity and strong nature of cryptocurrencies. As the saying goes "If you cant beat them, JOIN them".
Overall, very solid week full of adoption, animation and anticipation. Another post next week for a weekly round up! See you then but in the mean time join us at our Gravychain Discord.
- DISCORD LINK: https://discord.gg/zxXXyuJ 🍕 Bring some virtual pizza to share 🍕
Come have a chat, stimulate a discussion, ask a question or share some knowledge. We are all friendly crypto enthusiasts up for a chat, supportive and want to help each other with knowledge and investments!
Big thanks to our Telegram and My Crypto HQ for the constant news updates! - The Gravychain Collective: https://t.me/gravychain - My Crypto HQ: https://t.me/My_Crypto_HQ
submitted by Smart_Smell to Robopay [link] [comments]
Cryptocurrency technical analysis: bears drive the crypto market movement
The negative sentiment continues to reign in the crypto asset market, as indicated by technical and fundamental analyzes. Thus, the drop in demand for many top altcoins caused by the bitcoin correction has already led to the fact that the bears have reached many targets located in the support area. At the same time, several interesting events took place on the crypto market over the past working week. On July 15, it became known that the Chinese authorities will test the digital yuan on the largest supplier of groceries and food delivery Meituan Dianping. The work of the Chinese CBDC is already being tested by McDonald’s corporations, Starbucks and DiDi, the largest taxi aggregator in the Middle Kingdom. On June 16, Samsung announced the start of a partnership with Stellar, within which the developments of the blockchain project will be integrated into the Samsung Blockchain Keystore and Samsung Galaxy smartphones. Also, one cannot fail to note the large-scale hacking of the social network Twitter. On the night of July 15–16, unknown attackers gained access to 130 accounts of prominent businessmen, politicians and opinion leaders. As a result, fake Elon Musk, Changpen Zhao, Bill Gates and Barack Obama posted messages calling for bitcoins to be sent to them, which allowed them to collect 12.86 BTC.
BitcoinOn the four-hour chart, bitcoin develops a very clear movement along the levels from the point of view of technical analysis. After retesting the resistance at $9500 and the lower boundary of the “Triangle” pattern, BTC quotes rushed down to the first target at $9150. If in the coming days the price consolidates below the support level, then in the short term we should expect the development of a downtrend. The closest targets for sellers will be $9000 and $8760 (38.2% correction at Fibonacci levels). At the same time, the persistence of negative sentiment in the stock market will be a signal for the digital currency market, which will continue to fall until the beginning of autumn and the recovery of the business cycle.
In the long term, this may lead to a decline to supports at $8330 and $8050. But in order to push the price lower, the bears will need to exert enormous forces. Moreover, from these levels, whales will begin to gain new positions, which will push the bitcoin price up and launch a medium-term growth trend. It will confirm its departure above the 200-day simple moving average (SMA) line and the closing of Japanese candlesticks above $9500. In the long term, this will make it possible to achieve medium-term goals in the form of clusters of $9,900- $10,000 and $10,400- $10,500.
BTC / USD chart, four-hour timeframe
So far, the first cryptocurrency also cannot form a global trend, and this has led to the fact that Bitcoin continues to consolidate movement within the $8900 cluster (50% correction at Fibonacci levels) — $9580. BTC quotes have already dropped below the $9,300 level, which could lead to sales up to $8,900. In the future, we should expect Bitcoin to test the targets of $8600 and $8220, where the 200-day moving average (MA) line and the lower border of the technical analysis model “Triangle” (on the chart below, its borders are marked in orange).
For a short time, BTC quotes may even drop to supports at $7400 and $6800, but the forecast for the price rebound back up and the formation of a long-term upward trend seems more likely. This will allow Bitcoin to reach the $10,000 and $10,500 levels, and their subsequent breakout will allow the asset to rush to the $11,000, $11,200- $11,300 and $11,800 levels by the end of the year.
BTC / USD chart, daily timeframe
EthereumThe altcoin market is also developing neutral dynamics so far, but more and more signals appear on the charts that speak in favor of the development of a downward movement.
Big capital is not yet ready to acquire digital assets at a price that has grown strongly since March.
Ether price develops along the $233 level (11.4% Fibonacci retracement line) and within the framework of consolidation within the $220- $251 range. The drop in the total demand for digital assets will lead to a decrease in the cost of ether towards the first target in the form of consolidation of $195- $200, where the 200-day MA line is located. The further course of trading will be determined by the appearance or absence of demand for cryptocurrencies. In the long term, by the end of the year, we should expect a move above $251 to the resistance areas of $280, $300 and $320.
ETH / USD chart, daily timeframe
LitecoinOn the daily chart, Litecoin continues to consolidate above the support boundaries in the form of a $40- $42 cluster, which takes the form of the Andrews Pitchfork technical analysis model. The development of the downward dynamics will lead to the fact that the cost of LTC will drop to $36 and $30.60. But in the medium term, we should expect the quotes to move above the 200-period MA line, which passes in the resistance area of $47.45. Overcoming it in the coming months will allow LTC quotes to soar to the levels of $51.50 (38.2% correctional level along the Fibonacci lines), $56.80, $60.80, $65 and $70.
LTC / USD chart, daily timeframe
Bitcoin CashThe Bitcoin fork began to decline after the breakout and a very clear retest of the lower boundary of the technical analysis model “Triangle” (on the chart below, its boundaries are marked in pink). At the same time, the Bitcoin Cash quotes remain within the framework of a broader consolidation in the form of the “Horizontal Channel” $200- $272. However, the priority trading scenario remains a decline in Bitcoin Cash to the $200 level. There is also a high probability of updating the March lows in the $170 and $150 regions.
However, in the months ahead, expect BCH to move above $272, where the 200-day SMA line passes, paving the way to the $305, $356 and $400 levels.
BCH / USDT chart, daily timeframe
XRPXRP is also under the influence of bears, leading to a decline towards the resistance level at $0.2050. In the coming weeks, the asset may test the support at $0.18, where the lower border of the Descending Triangle model lies. The development of the downward movement will allow XRP to test the support at $0.16 and $0.1470.
But in the medium term, a signal for a reversal of the downtrend may appear in the event of a break above the 200-day MA line passing at the level of $0.2360. If this happens, then in the second half of 2020 XRP will be able to reach important targets at the levels of $0.2540, $0.27, $0.2860 and $0.30.
XRP / USD chart, daily timeframe
Binance CoinBinance Coin tried to break the bottom of the Ascending Triangle, but failed. The current quotes are supported by the 200-day SMA line and the boundaries of the $15.30- $16 area. Maintaining the downward momentum will allow BNB to rush down to the supports at $13.80 and $11.50.
But the most likely scenario looks like a final consolidation above the 200-day MA. This will open the way to the current resistances at $17 and $18.14, as well as the first target in the form of a $19.36- $20 cluster. Testing of the $21.30 and $23.50 levels is also expected in the coming months.
BNB / USDT chart, daily timeframe
Now more and more crypto assets are showing a willingness to succumb to bearish pressure, which will send quotes into a short decline that will last over the next few weeks. But by the end of the year, we should expect the activity of whales, which will begin to massively buy cryptocurrencies. This will undoubtedly send their value into a long-term upward rally.
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Question 2: During the BCH fork to BSV hash war, why do you support BCH? What do you think of the differences between BSV and BCH?
Jiang: First of all, we have to figure out how did some of the key propositions of BSV came about. CSW seems to be the leader of the BSV community, but in fact CSW is just a chess piece. For example, CSW is in name the chief scientist of Nchain, but CSW has no shares in a series of BSV related companies such as Nchain, Coingeek etc. The true boss of BSV and the main backer behind CSW is Calvin Ayre, the casino tycoon.
Zhao Nan wrote two articles, which made the cause and effect of CA's capital layout clear:
"The capital layout of the casino tycoon Calvin Ayre" >>(Chinese)
"The ins and outs of the Calvin Ayre team" >>(Chinese)
Therefore, the ultimate goal of Calvin Ayre is to make money from the Canadian stock market through Coingeek. Coingeek develops its own mining machine, mines itself, controls the chain of BSV, and has the "CSW" as the gimmick, to tell us the story of BSV.
So BCH forks the BSV, which is a step in the entire capital layout of Calvin Ayre. It is not because there is any irreconcilable development direction, but because Coingeek needs to control the BCH. If it cannot be controlled, it will split into a chain that Coingeek can control completely. The whole thing is planned in advance, for example, bitcoinsv.org registration date is July 2, 2018, bitcoinsv.io is August 16, long before CSW began firing shots at ABC team.
CSW’s goal is to split the BSV from the BCH, so he must overstate many of his claims in order to create a split. If he puts forward a reasonable claim and BCH is a rational and pragmatic community, then he can't split. It is important to mention some very extreme claims that the BCH community can't accept, and then incite some community members through extremist claims, just like the Nazis do extreme propaganda and incitement, in order to split from the BCH.
CSW's extreme claims, such as:
1 Super block: BCH advocates large block expansion. What about CSW? He demands to upgrade the oversized block in a short time. The BCH 32MB block is sufficient and does not exceed the network load. CSW exerts that he will upgrade 128MB now. He will not wait till next year, and he intends to upgrade to 2g as well in 2019.
But the result? Don't even talk about 2G, the 100M block has exceeded the current network carrying capacity. After the BSV, because the block is too large, it is too late to spread across the entire network. There have been many deep rollbacks, April 18, 2019. At that time, the 578640 height 128M block resulted in 6 confirmed rollbacks, making the 6 confirmations unreliable.
On April 18, 2019, Beijing time, from 21:00 to 22:00, the deep recombination of up to six blocks occurred in the cobwebs of BSV (block height 578640-578645)
According to BitMEX Research, the BSV chain was rolled back by two blocks in the week. One of the orphaned blocks was about 62.6MB in size. This large block may be the cause of the roll back. In addition, BSV plans to launch an upgraded network called Quasar on July 24. The only change to this upgrade is to increase the default block size limit. It is reported that the expansion of block capacity will increase the probability of block reorganization: the large block has not yet been packaged, and multiple small blocks have made the block height overtaking, which will lead to block reorganization or even fork.
2 Lock-up agreement: A chain must stabilize the agreement. The agreement is greatly changed every time. It definitely affects the above development. If CSW proposes a stable agreement, then everyone agrees that he can't split it. What should he do? CSW is even more extreme, and I am going to set the protocol and lock it, even back to the original version of Bitcoin, which is ridiculous.
The environment has changed, and the agreement must change. For example, if the 0.1 version of Bitcoin is perfect, and the 14-day difficulty adjustment is not a defect, the BSV will not remove the BCH “not original” DDA difficulty adjustment algorithm, and switch back to 14 Day difficulty adjustment? Because once the BSV removes the BCH DDA difficulty adjustment algorithm, it will be directly cut and killed by the big calculation.
3 Computing power determines everything: Why does CW have the power to decide everything? Because the extremes did not dominate the community at the time, but CA's coingeek deployed a lot of mining machines to mine, which is very computationally intensive, so he advocated Force to decide everything, of course, he did not know that my calculations were more than him. I will talk about this later.
Because these claims are created for splitting, not natural development, so these claims will be internal contradictions. For example, CSW said that the agreement is to be locked, and that the computing power determines everything. Even decided to increase the total amount of 21 million, then who has the final say?
Why don't I support the development path of BSV? Because these extreme claims of CSW are all for the purpose of splitting, purposefully proposed, whether it is a large block, lock-up agreement, power calculation determines everything, in fact, it can not be implemented, of course, Will not support these extreme claims that can't actually fall.
In addition, these extreme claims will become a heavy liability for the development of BSV in the future. It is necessary to develop according to these extreme claims. In fact, we cannot do this. We must revise these extreme claims. The members of the community who were incited by these extreme claims will definitely not do it. Then, how do you say that BSV is still developing?
Digest from [BitKan 1v1] debate.
bitkan.pro aggregates all trading depth of Binance Huobi and OKEx. or Try our APP!
submitted by Crypto_Browser to CryptoBrowser_EN [link] [comments]
Binance’s CEO Changpeng Zhao (CZ) Puts Community Feedback And Adoption Behind The Success Of The New Futures Platform
Considered as the largest crypto exchange to date, Binance doesn’t take a step back and pushes the innovations in the crypto sector even further. On April 13, Binance announced the company is launching support for Bitcoin (BTC) Options trading via Binance’s app.
Options trading gives users the ability to trade cryptocurrencies at a predetermined price and, most commonly, on a specific date. Options, however, eliminate the settlement hurdles (actually possessing the cryptocurrencies), thus making them perfect for beginner traders. Also, оptions contracts can be leveraged to gain even more profit from market volatility.
Binance’s new tool grants traders with a multitude of choices regarding their active trading strategy, meanwhile cementing Binance Futures’ position as a leading crypto derivatives trading platform. Binance initially would start with 10-minute and one-hour options contracts in its mobile app, with a web version coming soon. For now, Binance’s focus is aimed towards Bitcoin, but other cryptocurrencies would receive support at a later date, according to Binance’s press release.
“I am delighted with the progress and adoption of our Futures platform. The crypto community managed to get accustomed to the new platform fairly quickly and, in the last six months, skyrocketed Binance Futures into the leading crypto derivatives trading platform. We listened to our users, rolled out massive updates, granted the best fees in the crypto market, as well as got support from everyone in the Binance family”, Changpeng Zhao stated.
Zhao added that options contracts were a much-anticipated move by the crypto community. Zhao also confirmed that “many new products and features are being developed right now.”
“At least for now, Binance would devote all of its resources to develop Bitcoin options. When the first pair picks up momentum, we will start developing future crypto options contracts. We saw this strategy to be very efficient in our Futures platform, so we expect the same results with the development and release of our options,” Aaron Gong, vice president of Binance Futures, stated.
Binance Futures sets the pace in the crypto derivatives exchanging, combining the benefits from stock exchanges with the power of the crypto community. Binance Futures already rolled out 125x leverage, as well as cross-collateralization of loans. The innovations quickly gained momentum, as Binance recorded an all-time high of $9 billion in 24-hour trading volumes. For the past six months, the exchange secured the #1 spot in BTC perpetual markets.
For now, users can get access to both futures and options trading via iOS and Android mobile apps.
Every day more and more people get acknowledged about the project. Nevertheless, many do not have time to keep track of all the information that is published.submitted by Roobee_io to u/Roobee_io [link] [comments]
Now let us tell in order the most important facts and a short history of Roobee.
Fact number one. Roobee’s story began in 2017.The history of Roobee began in 2017, at the same time the domain Roobee.io was registered. (https://prnt.sc/ny3nsw)
As you can see, it has been more than a year and a half since the domain registration to the iEO launch. During this time, a lot of work has been done: Market research, platform modeling, development, packaging, etc.
Fact number two. Roobee team.Team of the project — is one of the key parameters for rating any startup.
When creating Roobee, the team was also one of the key point for us.
Currently, a team of more than 30 people who previously worked at Goldman Sachs, JPMorgan, Lloyds Banking Group, Barclays, Lazada, Sumitomo Mitsui Banking Corporation, Banca Intesa and other big-name companies are working on the development of the project.
More information about Roobee team in this post: https://medium.com/roobee-invest/international-market-specialists-in-roobee-team-3a66eb611380
Fact number three. Operating LicensesOperating licenses for the storage and exchange of cryptocurrencies in the EU have been obtained:
◉ Providing services of exchanging a virtual currency against a fiat currency;
◉ Operating as a financial institution;
◉ Service of trust funds and companies;
◉ Providing a virtual currency wallet service.
We are planning to continue in obtaining all the licenses and permissions required by the applicable legislation to effect legitimate activities within the territory of different countries.
Fact number four. A community of 300,000 potential Roobee users.We have formed an active community of private investors (more than 300,000 people), who can become users of Roobee platform in the nearest future.
Fact number five. Crypto whales believe in the project.
August 2018During the pre-seed funding round in 2018, an anonymous crypto-millionaire under the nickname “200Mtrader”, who had previously made a fortune of $200 million by trading cryptocurrencies invested in Roobee $4.5 million.
An anonymous trader nicknamed by Bloomberg as “200Mtrader” gave an interview to CCN. He explained why he decided to invest $4.5 million in Roobee 📝
“I only invest in projects that can reach a capitalization of $1bn within the time frame of 5 years. I see this potential in Roobee project, that’s why I invested $4.5 million into this blockchain-based investment platform.”, explains the investor.
Read the interview here: https://www.ccn.com/the-crypto-bear-market-wont-last
Forbes , marketwatch, and Reuters wrote about it.
April 2019.$1 Million from the top-250 Bitcoin whales.
One of top-250 Bitcoin whale wallets (over 7000 BTC) has closed first stage of $1 mln private round IEO instantly.
The $1 million (200 BTC) transaction was sent by him via transit wallet to the Roobee’s wallet with the message “In Roobee I Trust” 👍
“I see the same potential in Roobee that I saw in Binance at the time. Roobee has a target on an actual problems of millions of people around the world and has great potential for development in the next years. I will hold Roobee token, just as I hold BTC, BNB, EOS and other cryptocurrencies that can grow greatly according to my calculations. “, explains the investor
You can see what Bloomberg wrote about it here: bloomberg
The whale entered a long term position through buying tokens. He hasn’t received his tokens so far. A huge lock up period was set on his tokens as well as gradual defrosting.
Fact number six. The first mentions about Roobee in media.On December 28, 2018 the article about Roobee was published on the Forbes website: How An International Investment Platform Secured Substantial Investment In A Falling Market
Fact number seven. More than 145 mentions about Roobee in media.On the whole, there were more than 145 publications about Roobee in media, including the most famous and reputable ones.
There are unique articles, as well as the reprints of previous ones.
Members of our community collected the selection of mentions regarding Roobee in media with confirmations. You can see it here, follow the link 📝
We propose you to read the materials,☝️that appear regularly in an information field.
Fact number eight. Roobee in social media.Only in 2019 we started to develop our community regarding Roobee. But the emphasis on the layout design of the platform as well as on the back end development remained.
Now, when we’ve started international expansion and tokensale, we created some accounts on different platforms, in order to have more opportunities to communicate with you in various forms.
Subscribe and follow the news about the project:
Telegram | Chat | Twitter |Facebook | Reddit | Medium | Instagram
Fact number nine. IEOIEO of Roobee tokens was successfully finished on the Bitforex and EXMO exchanges.
Bitforex.The first two rounds of Roobee tokens IEO were held on Bitforex.
• The first round was held on May, 13.
• The second round was held on May, 18.
EXMO.Roobee tokens IEO was successfully finished on EXMO exchange
Fact number ten. Roobee.Roobee — is an investment platform developed on blockchain, that will open an easy access to the world of investments for each person.
It will be possible to create your investment portfolio in a few minutes with the help of Roobee intellect, questionnaire and analysis of a person by photo. And with one button you can send funds to all selected instruments from the portfolio.
It is possible to invest even from 10$, getting access to already selected instruments all over the world (from crypto to stock and venture markets), including instruments with a large entrance threshold.
Blockchain in roobee will allow you to build the service on the principles of security and transparency of operations. You will be able to see transparent historical statistics for each investment instrument in which you intend to invest.
The entire Roobee team shares the idea of the service and strives to open a simple path to the world of investment for millions of people
We look forward to your support on the way 🙌
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