Free Bitcoin freebitcoin.com

Crypto Faucet I use to store my mined bitcoin on, with 4.08% APR paid daily with accounts over 30k satoshi. Referral link included, I share 50% commissions with my referrals paid every Sunday if you're interested.

My referral link for the aforementioned FREEBITCO.IN: https://freebitco.in/?r=30437643&tag=redditF
I have cross referenced this post on my site: passivecryptoguides.com
Why should you sign on with me? I'm not a one off, you can reach me personally through DM or post comments. I've done most of the leg work, alleviating the trial and error process. Just follow the steps in this guide specifically in sections 7️⃣, 8️⃣, and 9️⃣.
I share 50% commissions, get a kick back on everything you earn weekly.
I trust this site, and personally have 270$ worth of bitcoin in one account with almost 500$ total including two other accounts.
Coming from Cointiply? Well, as a heads up, you're not actually holding any BTC. I suggest what you earn you HODL in FREEBITCO.IN.
Just some abbreviation and terminology explanation before we start for those unfamiliar.
BTC=Bitcoin
USD=US Dollar
Satoshi
Click here Bitcoin price history, past and present
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POST LAYOUT
1️⃣GENERAL INFO
2️⃣POST INTENTIONS
3️⃣MY EARNINGS
4️⃣HOW DO COMMISSION REWARDS WORK?
5️⃣SOME CLAIM STATS
6️⃣MULTIPLY BITCOIN STRATS AND INFO
7️⃣AUTOMATION
8️⃣OPTIMIZATION AND USE
9️⃣STRATS TO INCREASE EARNINGS
1️⃣0️⃣ADVERTISING YOUR LINK
1️⃣1️⃣LINKS
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1️⃣GENERAL INFO1️⃣
FREEBITCO.IN can be accessed from any device with internet.
Using a VPN or a TOR is now allowed given that your account achieves certain criteria similar to a captcha free account requirements.
🛑WARNING: FREEBITCO.IN wipes inactive accounts after a certain period! If you lose interest, withdraw your BTC!
📝NOTE: iOS devices (iPad, iPhone) are restrictive. The only way to access is via website, as BitBot isn't available.📝
FREEBITCO.IN is what's called a "faucet", a site that gives a small steady stream of crypto which FREEBITCO.IN does through hourly rolls and interest accrual.
FREEBITCO.IN also hosts other means to win or earn crypto, you can gamble with Multiplier, or bet on world evens and crypto prices.
After your account reaches 30k Satoshi, you begin to collect interest. The site also offers lifetime referral commissions, explained later in this guide.
All you need to start is an email. You can add more verification options for security later on. I would highly suggest it. Use a junk email though.
2FA and MFA are strongly suggested. A password should be 15 characters long. I suggest Google Authenticator for your 2FA needs.
I know you can definitely access this site from Brave Browser with add blockers enabled. I'm sure it will work with others. Even without an ad blockers, they only advertise their site gambling and games, no 3rd party adds that I've seen. It's not too invasive or spammy either.
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2️⃣POST INTENTIONS2️⃣
This post is both an advertising platform I use, and a guide I've made to help those interested to automate and optimize earnings.
For those of a cautious mindset, I've uploaded all of FREEBITCO.IN's information on interest accrual, security, and proof of mining on Imgur, in case you're worried about visiting the site.
Transparent link here: Interest accrual structure and FREEBITCO.IN security. https://imgur.com/a/wWjQtKT
My referral link: https://freebitco.in/?r=30437643&tag=redditC2
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3️⃣MY EARNINGS3️⃣
So at this point, with hourly claims and daily interest, I'm bringing in roughly 8978 Satoshi (or .70$ USD with BTC at 7804$ USD) daily at full optimization on one account, and two other self referred accounts without lifting a finger. This is before the fact that a hourly roll (claim) can reward up to a max of 200$ USD worth of BTC (percentages in section 5️⃣).
They also have a weekly lotto (tickets awarded with every roll and referral roll) with the last 1st place winner receiving .32769156 BTC (2587$ USD at current bitcoin price).
This is also not including my current commissions on accounts not owned by me. In this post I will describe some of my strategies I've incorporated, and some insight into how this website works.
To offload or withdraw bitcoin, you're going to need what is called a "wallet". I personally use Coinbase (available on mobile or desktop) as you can sell it through here as well and easily move money to Paypal or a bank.
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4️⃣HOW DO COMMISSION REWARDS WORK?4️⃣
If you are already on FREEBITCO.IN, do you have someone who referred you? Do they share commissions? If not, why not make a new account and join me, where you'll get a return on everything you earn.
As you can see, large affiliate groups don't share anything, hoarding hundreds of thousands worth of BTC earned off their referrals
I share 50% of my commissions. I get 50% of your roll rewards, 25% of your interest, and 0.4% of your wagers. All of this is paid out by FREEBITCO.IN as a commission, so it's not pulled from your rewards or held BTC.
So the more you're active, the more you'll receive from me weekly (being active is doing anything that I get commissions from). IMPORTANT: Your (and all referrals) shares are based on activity, so if you are inactive for the week, you get a lower % for that week. If you're the most active of my referrals you get a higher percentage of what I share. This is to incentivize being active and to stop people from getting a cut without doing anything.
If you have FREEBITCO.IN automated, you don't have to worry about this. However, having a larger bankroll to earn interest, or playing Multiply BTC (I do not suggest playing unless doing so to meet auto roll requirements) will increase can your activity further.
Commission Structure
Here is some proof, I've actually shared about 2/3 of all commissions
Commissions update 12 January 2020
Here is a proof of Payment section per individual
📝NOTE: I've noticed when I was creating the images of commission sharing that the "RECENT" blocks are showing zero. If you look at totals from the first image, you can tell I'm actively sharing with all of my referrals.📝
Join my team FREEBITCO.IN
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5️⃣SOME CLAIM STATS5️⃣
You can earn AT LEAST .00000552 BTC (.048$) daily when automated (or claiming every hour on the hour) before bonuses (like using reward points to increase rewards 1000%). After some testing, it seems that this amount will always be about .048$ worth of BTC, base claim rewards no bonus active.
After .00030000 BTC, you accrue compounding interest at a rate of 4.08% APR, paid daily. As soon as your daily interest is accredited, it too starts earning interest. The daily interest rate comes out to ~0.011% of your total held BTC.
FREEBITCO.IN gives you a roll once every hour, free
📝NOTE: Roll rewards fluctuate inversely with BTC price. BTC goes down, roll rewards go up, vice versa. The BTC rewards USD value will be extremely close to the values represented below.📝
Current rewards and probability with every hourly roll.
(.002$) -> 98.85%
(.02$) -> 1.00%
(.20$) -> .08%
(2.00$) -> .04%
(20$) -> .02%
(200$) -> .01%
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6️⃣MULTIPLY BTC STRATS AND INFO6️⃣
🛑!WARNING!, NO STRATEGY IS 100%, THE MULTIPLIER GAME IS GAMBLING, YOU CAN STILL LOSE YOUR WHOLE BALANCE IF YOU PUSH YOUR LUCK.🛑
UPDATE: I decided to do some research after some odd outcomes when extensively testing some of my Multiplier strats. Turns out FREEBITCO.IN does indeed have a house advantage that isn't too transparent. Longer sessions are almost always going to come out negative. If you still plan on playing, do short sessions, once daily max, with lower amounts.
There are a couple methods to play the Multiplier with a reduced risk (but still a risk) here as well. I would suggest small play sessions.
STRAT #1
My preferred settings for AUTOROLL on MULTIPLY that I've had the best success rate with to date. (preferably with .00005000 in ACCT for best results)
BET: Minimum
ODDS: 3
ROLLS: (doesn't matter, 100)
BET ON: alternate
STOP BETTING PROFIT: .00000050, important as the bets will get exponentially higher with every loss. Win in small increments.
STOP BETTING LOSS: Set a loss limit if you want, I have mine set to .00001 and haven't reached it
ON WIN: select increase bet 0%
ON LOSS: select increase bet 65%
RANDOMIZE CLIENT SEED: yes
DO NOT REFRESH: yes
Here is a pic of the settings
Anything else doesn't matter. Make sure the boxes are checked for the above options.
With this strat, I've won positive on one account, about .000077 BTC, and I've only played 5 or 6 times, at less than 2-3 minutes of play time a session.
STRAT #2
Good for accounts with a low balance. I've had a surprising amount of luck with this method, enough so that I thought I'd post it here with an update. This could work well for accounts with less than 1k Satoshi, as a losing streak wouldn't be a huge loss. For this strat, you should have at least 189 Satoshi in your account.
BET: Minimum amount
ODDS/WIN CHANCE: 189 or %0.5
ROLLS: 189 (remains the same no matter if you bet more)
BET ON: High or Low, but not Alternate.
STOP BETTING ON PROFIT: Minimum amount, once again, you want continuous small wins
UPDATE: Conducting more tests for viability
I played these settings 10 times, I came out positive 8/10 times. In the end I was positive 433 Satoshi total with selecting "hi".
On selecting "low" I went positive 5/10 losing 525 Satoshi.
On selecting "hi" and betting 10 Satoshi, I went positive 3/10 times losing 9708 Satoshi.
On selecting "high" and betting 100 Satoshi, I never went positive, 0/10. Losing 189000 Satoshi (~15$ USD).
There does seem to be a pattern of losing more when betting more. Like anything gambling, there's probably a house advantage that's not too transparent.
Win small lose small.
Pic of these settings
STRAT #3
Another strategy I've tried is betting most of my balance once occasionally with a 94.06% chance of winning. This is, eh, alright to risk OCCASIONALLY, but a loss would set you back more than you ever made using this strategy, which happened to me, I lost about 40 USD worth of BTC after making maybe 5 USD.
THIS METHOD IS GREAT FOR MEETING NON-CAPTCHA ACCOUNT REQUIREMENTS!
Playing this in auto roll, out of 20 rolls I'd always lose at least once, putting me into the negative. Even with 10 rolls, I'd more often then not lose at least once.
Pic of these settings
There are other strats out there, such as the "Martingale", which is essentially doubling the bet amount every loss, then resetting your bet to minimum after a win to in theory "win back what you lost". At 47.5% odds of winning, I've had loss streaks that would drain my account.
My summary for Multiply, use sparingly. Don't use it as your primary means of earning. Use once or twice daily, limit play sessions to 5 minutes max.
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7️⃣AUTOMATION7️⃣
📝NOTE: FREEBITCO.IN captcha requirements seem to be tiered, with requirements for Captcha free upscaling when you BTC holding passes a certain threshold.
I'm currently testing, as is another team member (Shout out to u/SrExtreme69) , what exactly these thresholds, if holding at these thresholds increases the length of Captcha free rolls, and at what amount does FREEBITCO.IN no longer require these to be met.📝
📝NOTE: To start automating, remember to verify email and setup 2FA or the Captcha will still appear even if your account meets Captcha free requirements. Check the site occasionally as Captcha free roll requirements can change. After certain held BTC amount you don't need to renew your requirements. I haven't had to achieve new requirements in over a month.📝
📝NOTE: You may need to manually roll for a bit until the the ability to achieve a Captcha free account becomes available. It doesn't show at first.📝
📝NOTE: It's very difficult, if not impossible to automate on iOS devices.
First of all, getting to this point can be a grind, but once achieved you'll have a steady flow of BTC with options to increase earnings through rewards claims using RP. I would suggest going to your PROFILE tab on FREEBITCO.IN and disabling lottery to increase RP production when starting out. Using other apps or resources to supplement income is a good idea as well.
On the FREE BTC page, there is a blue text hyperlink with requirements that need to be met to make your account captcha free, thus allowing you to enable autoroll on extensions or apps. It has multiple ways to achieve this and they can change, so if your autoroll has stopped, check to see if these requirements have changed.
Here are the requirements. (Amounts vary)
It seems only two of these requirements need to be met.
The less risky and easiest method is to buy lottery tickets and bet with jackpots on. Even better is depositing bitcoin if you have that amount.
The POSSIBLY least expensive method is to bet both regularly and with Jackpots enabled on MULTIPLY (for higher amounts required, IMO Multiplier strat #3 works best)
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8️⃣OPTIMIZATION AND USE OF FREEBITCO.IN8️⃣
For computers
I would suggest using Firefox, as you can add functions and tools to your bar up top. One of the being a "auto roll" for FREEBITCO.IN, still requires a "captcha free" account. Turn it on and let go, check it occasionally to make sure its still going.
Autoroll firefox add-on link
My link again for ease of access
Not my preferred method, but good for a second account, as using a computer means devoting more attention to FREEBITCO.IN in an inconvenient manner if you are just starting out. After Captcha has been removed, this becomes more hands free, but not as profitable as using bitbot, as you can't autoclaim RP rewards.
I haven't tried many methods besides using Firefox addons, as I'm wary of sources or intent when it comes to 3rd party scripts or programs. If I find any trustworthy scripts or programs, I will update here.
For Mobile
🛑BITBOT WARNING, IF YOU USE BITBOT TO ACCESS FREEBITCO.IN BEFORE USING MY REFERRAL, YOU WILL BE REFERRED THROUGH BITBOT, AND THEY DON'T SHARE COMMISSIONS AS FAR AS I CAN TELL🛑 My Link again
📝NOTE: iOS devices (iPhone, iPad) do not have access to BitBot, nor do they allow extensions/add-ons on their browsers. I have not personally found a way around this. You may still access the site and manually roll.📝
I use BitBot. This is the best place to start from IMO. You can set it to notify you of rolls and gives direct access to the site from the app (you can also access the site from any device with internet). Once your account is "captcha free" you can set it to auto roll AND automatically claim rewards every 24 hours (RP increase, BTC increase, Lottery ticket Increase).
📝NOTE: Bitbot allows auto roll from the app for accounts over 500 RP. This isn't permanent, as it uses your RP. You'll need to log onto the website through a browser to achieve captch free account requirements, which Bitbot does recognize, which allow completely free rolls.📝
📝NOTE: Accessing FREEBITCO.IN through BitBot doesn't allow access to the Hi-Lo or betting games.📝
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9️⃣STRATS TO INCREASE EARNINGS9️⃣
Bitbot optimization
I started manual claims by setting roll notifications to "ON" for a while until I supplemented my BTC in FREEBITCO.IN with what I was collecting from my miner and CryptoTab. Once I was able to AUTOMATE and I had enough RP to claim the RP BONUS, I set it to do that automatically every 24 hours as this nets more RP than you spend (EG, 100 RP roll bonus costs 1200 RP, but can net 2400 RP if claimed every hour). Eventually you accrue enough RP to claim the %1000 BTC bonus, probably at a rate of once or twice a week.
My current BitBot settings now that its auto claiming, I have the 24 hour auto bonus claiming 100 RP roll bonus and 100% claim bonus, spending a total of 1520 RP, but I'm making 2400 RP with the RP bonus, leaving me 780 RP in the positive each day. Every now and then I'll stop the auto bonus claim so I can buy the 1000% claim bonus (3200 RP). So on a normal day I'll make about 1344 Satoshi. Bitbot auto bonus settings
Once your accrue more referrals, or save enough RP, it's possible to claim the 1000% BTC roll bonus multiple days in a row. This is just about as optimal as you can get for auto rolling.
Self Referrals
If you have two devices (phone and computer preferably) you can make two accounts as long as one uses a different wifi or internet connection, as the roll rewards tracks IP addresses for roll counts. So if you have 2 devices on the same network, it sudo links accounts, so if you roll on one, it restarts the timer on the other. This allows you to collect referral rewards from yourself. Effectively adding 25% of interest and 50% roll rewards.
I currently have a phone autorolling on BitBot with a computer autorolling on Firefox with a tool to roll automatically as long as the page remains open. My computer account is referred from my mobile account, and is currently bringing in an extra .000015+ BTC weekly (currently, total will be this Sunday and I will update).
I've also made another account on my partners phone, linked it with bitbot and got it auto-rolling. Once bitbot is going, its non-invasive and you can silence notifications, it also uses minimal data.
Supplementing with CryptoTab
I'll use CryptoTab on my computer 24/7 to earn BTC from that while I have FREEBITCO.IN running. I also have it running on my phone at night when I sleep and on an iPad I have that I don't use much, its server mining, so no worries about battery on mobile devices. On computers it does actually use your processing power. You can directly deposit into you FREEBITCO.IN accounts.
CryptoTab Link
I've used it for two weeks and have earned a total of .000454 BTC (3.60$ USD). Not huge, but enough to start collecting interest on FREEBITCO.IN and to get the capthca free account requirements.
Supplementing with Cointiply
🛑WARNING: Cointiply's main currency is the constant, weighted against the dollar (10,000 coin/1USD). This means your actually BTC holdings will fluctuate with BTC's price.
For this reason, it's my strong opinion that DON'T HODL in Cointiply as you're not holding actual BTC.🛑
Cointiply is a great site to earn decent amounts of COIN which translate to SAT's. Earn coin, withdraw to FREEBITCO.IN (as you actually hold BTC in cointiply).
I also use an ASIC miner (Antminer s9i, DIY liquid cooled and overclocked with BixBit firmware), and whatever I earn I'll put that into FREEBITCO.IN to collect interest. If you want, I may be willing to do a rental.
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1️⃣0️⃣ADVERTISING YOUR LINK1️⃣0️⃣
📝NOTE: Since this faucet has been around a while, many people privy to sites such as this are already signed up. So getting referrals can be a slog. My tips for your ads is be genuine and don't hard sell or post "too good to be true" sensational ads.📝
COINTIPLY
This is another faucet. Its structure is a bit different from FREEBITCO.IN, as you complete offers to earn coin. Within this site (also an app) users can earn coins by doing PTC ads (and other offers), this is a good method to get exposure as you can advertise as well. Using this method my traffic for last week as about 800 people.
13000 coins buys about 1000 "clicks" on your ads. They also have options to advertise to people based on location (these options will increase or decrease cost). After your first ad, you usually get a 10% off coupon good for 7 days as well.
You can earn this amount within a day doing surveys on Theorem. I've done surveys before, and this has to be one of the best surveys sights I've ever done. Very rarely do I get kicked out mid survey, and if I do, I still get partial pay.
I will also use "Hideout" on my computer and leave it running. It has to be the open tab on your browser, with the browser open, not minimized. Let it go and check it occasionally as it has a timeout at roughly 2-3 hrs idle. As of now this is the best passive method of earning on Cointiply.
PI NETWORK
Pi Network, an ICO (Initial coin offering) based on trust and social media is another good medium for advertising. I will usually see 15-20 people click on my link with 2-4 ads posted per day.
Just go to "chat", select "random" and post an ad in the chat channel. No charge.
My tip, keep your ads short to medium in length, don't spam.
XYO NETWORK/COIN APP
This is another crypto earned through "geo-mining". On the "coin" app you can do a "geodrop" where you can leave a note. Just click on the box with a parachute icon, select "any" on the "Tile" selection. Leave your ad in the "note" section.
It costs 10 "COIN" at the very least to do a "geodrop". This method may not be worth it if you aren't already involved in the program. To earn a substantial amount of coin, you'll need a subscription or a "sentinel". Sentinels can actually be purchased for under 20$ nowadays (depending on site) and is the best option to earn. Without these you'll only make approx .05-.18 coin every 30 seconds if you're actively moving.
My tips if you plan on advertising on this platform, once again keep it short, and only advertise around 7-9am and 4-6pm, as this will be peak mining hours with people driving to and from work.
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1️⃣1️⃣LINKS1️⃣1️⃣
My FREEBITCO.IN Referral Link
What is a Satoshi?
Bitcoins price through Coingecko
CryptoTab Link
Autoroll on Firefox
Coinbase Link
PI NETWORK
COINTIPLY
XYO NETWORK/COIN APP
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submitted by thatoneguyYMK to SpareCash [link] [comments]

New Game in Town: K's BitLotto

Announcing the opening of the main net version of K's BitLotto at http://ksbitlotto.com.
There are two games, both of which are completely out of admin control.
The primary game is the BitLotto.
This Lotto differs from other bitcoin lotteries in that the only randomization is used for ticket generation. Each ticket is a hexidecimal string. If the end of your ticket matches the end of the blockchain hash for the game you purchased the ticket for - you win!
How many characters need to match is determined by the game difficulty (a function of the number of tickets purchased for a give game). For example, if the Difficulty is 4, then if the last 4 characters of your ticket match the last four characters (including position) of the block hash, then you win the jackpot. If you match at least 2 characters and their position, you still win something, just not the Jackpot.
Games are closed to the purchase of new tickets a few blocks before the game block is found.
If no ticket wins the Jackpot, then the pot (less any seed satoshi) is rolled over to the next game.
If there are multiple winners of a Jackpot, the winnings are divided by winning tickets, not winning players.
Each ticket is 5 satoshi and there is no limit to how many tickets you can purchase for a game.
The secondary game is a Rock-Paper-Scissors game played between players by either placing a wager when you throw your move or throwing your move when you accept another player's wager.
The site is ultra-simple and JavaScript free for easy play over TOR network.
Deposits takes only 1 confirmation to hit, so register, deposit, and start playing now!
http://ksbitlotto.com
submitted by kenzal to BitcoinGambling [link] [comments]

Sixty free lectures from Princeton on bitcoin and cryptocurrencies. Total time 13hr 20min. Links in post.

This video series is available with a community and some assignments on Coursera. For extra creddit the professors wrote a book to go with the course. Free pre-release pdf, Amazon hardcover and digital, as well as Chinese, and Japanese translations.
Enjoy :)
Intro to Crypto and Cryptocurrencies
1.0 Welcome - 2 mins 1.1 Cryptographic Hash Functions - 18 mins 1.2 Hash Pointers and Data Structures - 8 mins 1.3 Digital Signatures - 9 mins 1.4 Public Keys as Identities - 5 mins 1.5 A Simple Cryptocurrency - 14 mins
How Bitcoin Achieves Decentralization
2.1 Centralization vs. Decentralization - 4 mins 2.2 Distributed Conesensus - 13 mins 2.3 Consensus Without Identity: the Blockchain - 17 mins 2.4 Incentives and Proof of Work - 19 mins 2.5 Putting It All Together - 18 mins
Mechanics of Bitcoin
3.1 Bitcoin Transactions - 11 mins 3.2 Bitcoin Scripts - 15 mins 3.3 Applications of Bitcoin Scripts - 14 mins 3.4 Bitcoin Blocks - 5 mins 3.5 The Bitcoin Network - 18 mins 3.6 Limitations & Improvements - 11 mins
How to Store and Use Bitcoin
4.1 How to Store and Use Bitcoins - 6 mins 4.2 Hot and Cold Storage - 13 mins 4.3 Splitting and Sharing Keys - 11 mins 4.4 Online Wallets and Exchanges - 19 mins 4.5 Payment Services - 8 mins 4.6 Transaction Fees - 5 mins 4.7 Currency Exchange Markets - 16 mins
Bitcoin Mining
5.1 The Task of Bitcoin Miners - 10 mins 5.2 Mining Hardware - 23 mins 5.3 Energy Consumption & Ecology - 14 mins 5.4 Mining Pools - 14 mins 5.5 Mining Incentives and Strategies - 23 mins
Bitcoin and Anonymity
6.1 Anonymity Basics - 26 mins 6.2 How to De-anonymize Bitcoin - 18 mins 6.3 Mixing - 21 mins 6.4 Decentralized Mixing - 14 mins 6.5 Zerocoin and Zerocash - 19 mins 6.6 Tor and the Silk Road - 11 mins
Community, Politics, and Regulation
7.1 Consensus in Bitcoin - 6 mins 7.2 Bitcoin Core Software - 10 mins 7.3 Stakeholders: Who's in Charge - 9 mins 7.4 Roots of Bitcoin - 9 mins 7.5 Governments Notice Bitcoin - 9 mins 7.6 Anti Money-Laundering - 5 mins 7.7 Regulation - 11 mins 7.8 New York's BitLicense Proposal - 10 mins
Alternative Mining Puzzles
8.1 Essential Puzzle Requirements - 5 mins 8.2 ASIC Resistant Puzzles - 13 mins 8.3 Proof-of-useful-work - 9 mins 8.4 Nonoutsourceable Puzzles - 7 8.5 Proof-of-Stake "Virtual Mining" - 8 mins
Bitcoin as a Platform
9.1 Bitcoin as an Append-Only Log - 16 mins 9.2 Bitcoin as Smart Property - 16 mins 9.3 Secure Multi-Party Lotteries in Bitcoin - 10 mins 9.4 Bitcoin as Randomness Source - 18 mins 9.5 Prediction Markets & Real-World Data Feeds - 23 mins
Altcoins and the Cryptocurrency Ecosystem
10.1 Short History of Altcoins - 21 mins 10.2 Interaction Between Bitcoin and Altcoins - 15 mins 10.3 Lifecycle of an Altcoin - 15 mins 10.4 Bitcoin-Backed Altcoins, "Side Chains" - 11 mins
The Fututre of Bitcoin?
11.1 The Blockchain as a Vehicle for Decentralization - 14 mins 11.2 Routes to Blockchain Integration - 28 mins 11.3 What Can We Decentralize? - 24 mins 11.4 When is Decentralization a Good Idea? - 16 mins
submitted by ccjunkiemonkey to Bitcoin [link] [comments]

Don't panic, just learn. Sixty free lectures from Princeton on bitcoin and cryptocurrencies. Total time 13hr 20min. Links in post.

This video series is available with a community and some assignments on Coursera. For extra creddit the professors wrote a book to go with the course. Free pre-release pdf, Amazon hardcover and digital, as well as Chinese, and Japanese translations.
Enjoy :)
Intro to Crypto and Cryptocurrencies
1.0 Welcome - 2 mins 1.1 Cryptographic Hash Functions - 18 mins 1.2 Hash Pointers and Data Structures - 8 mins 1.3 Digital Signatures - 9 mins 1.4 Public Keys as Identities - 5 mins 1.5 A Simple Cryptocurrency - 14 mins
How Bitcoin Achieves Decentralization
2.1 Centralization vs. Decentralization - 4 mins 2.2 Distributed Conesensus - 13 mins 2.3 Consensus Without Identity: the Blockchain - 17 mins 2.4 Incentives and Proof of Work - 19 mins 2.5 Putting It All Together - 18 mins
Mechanics of Bitcoin
3.1 Bitcoin Transactions - 11 mins 3.2 Bitcoin Scripts - 15 mins 3.3 Applications of Bitcoin Scripts - 14 mins 3.4 Bitcoin Blocks - 5 mins 3.5 The Bitcoin Network - 18 mins 3.6 Limitations & Improvements - 11 mins
How to Store and Use Bitcoin
4.1 How to Store and Use Bitcoins - 6 mins 4.2 Hot and Cold Storage - 13 mins 4.3 Splitting and Sharing Keys - 11 mins 4.4 Online Wallets and Exchanges - 19 mins 4.5 Payment Services - 8 mins 4.6 Transaction Fees - 5 mins 4.7 Currency Exchange Markets - 16 mins
Bitcoin Mining
5.1 The Task of Bitcoin Miners - 10 mins 5.2 Mining Hardware - 23 mins 5.3 Energy Consumption & Ecology - 14 mins 5.4 Mining Pools - 14 mins 5.5 Mining Incentives and Strategies - 23 mins
Bitcoin and Anonymity
6.1 Anonymity Basics - 26 mins 6.2 How to De-anonymize Bitcoin - 18 mins 6.3 Mixing - 21 mins 6.4 Decentralized Mixing - 14 mins 6.5 Zerocoin and Zerocash - 19 mins 6.6 Tor and the Silk Road - 11 mins
Community, Politics, and Regulation
7.1 Consensus in Bitcoin - 6 mins 7.2 Bitcoin Core Software - 10 mins 7.3 Stakeholders: Who's in Charge - 9 mins 7.4 Roots of Bitcoin - 9 mins 7.5 Governments Notice Bitcoin - 9 mins 7.6 Anti Money-Laundering - 5 mins 7.7 Regulation - 11 mins 7.8 New York's BitLicense Proposal - 10 mins
Alternative Mining Puzzles
8.1 Essential Puzzle Requirements - 5 mins 8.2 ASIC Resistant Puzzles - 13 mins 8.3 Proof-of-useful-work - 9 mins 8.4 Nonoutsourceable Puzzles - 7 8.5 Proof-of-Stake "Virtual Mining" - 8 mins
Bitcoin as a Platform
9.1 Bitcoin as an Append-Only Log - 16 mins 9.2 Bitcoin as Smart Property - 16 mins 9.3 Secure Multi-Party Lotteries in Bitcoin - 10 mins 9.4 Bitcoin as Randomness Source - 18 mins 9.5 Prediction Markets & Real-World Data Feeds - 23 mins
Altcoins and the Cryptocurrency Ecosystem
10.1 Short History of Altcoins - 21 mins 10.2 Interaction Between Bitcoin and Altcoins - 15 mins 10.3 Lifecycle of an Altcoin - 15 mins 10.4 Bitcoin-Backed Altcoins, "Side Chains" - 11 mins
The Fututre of Bitcoin?
11.1 The Blockchain as a Vehicle for Decentralization - 14 mins 11.2 Routes to Blockchain Integration - 28 mins 11.3 What Can We Decentralize? - 24 mins 11.4 When is Decentralization a Good Idea? - 16 mins
submitted by ccjunkiemonkey to Bitcoin [link] [comments]

Don't panic, just learn. Sixty free lectures from Princeton on bitcoin and cryptocurrencies. Total time 13hr 20min. Links in post.

This video series is available with a community and some assignments on Coursera. For extra creddit the professors wrote a book to go with the course. Free pre-release pdf, Amazon hardcover and digital, as well as Chinese, and Japanese translations.
Enjoy :)
Intro to Crypto and Cryptocurrencies
1.0 Welcome - 2 mins 1.1 Cryptographic Hash Functions - 18 mins 1.2 Hash Pointers and Data Structures - 8 mins 1.3 Digital Signatures - 9 mins 1.4 Public Keys as Identities - 5 mins 1.5 A Simple Cryptocurrency - 14 mins
How Bitcoin Achieves Decentralization
2.1 Centralization vs. Decentralization - 4 mins 2.2 Distributed Conesensus - 13 mins 2.3 Consensus Without Identity: the Blockchain - 17 mins 2.4 Incentives and Proof of Work - 19 mins 2.5 Putting It All Together - 18 mins
Mechanics of Bitcoin
3.1 Bitcoin Transactions - 11 mins 3.2 Bitcoin Scripts - 15 mins 3.3 Applications of Bitcoin Scripts - 14 mins 3.4 Bitcoin Blocks - 5 mins 3.5 The Bitcoin Network - 18 mins 3.6 Limitations & Improvements - 11 mins
How to Store and Use Bitcoin
4.1 How to Store and Use Bitcoins - 6 mins 4.2 Hot and Cold Storage - 13 mins 4.3 Splitting and Sharing Keys - 11 mins 4.4 Online Wallets and Exchanges - 19 mins 4.5 Payment Services - 8 mins 4.6 Transaction Fees - 5 mins 4.7 Currency Exchange Markets - 16 mins
Bitcoin Mining
5.1 The Task of Bitcoin Miners - 10 mins 5.2 Mining Hardware - 23 mins 5.3 Energy Consumption & Ecology - 14 mins 5.4 Mining Pools - 14 mins 5.5 Mining Incentives and Strategies - 23 mins
Bitcoin and Anonymity
6.1 Anonymity Basics - 26 mins 6.2 How to De-anonymize Bitcoin - 18 mins 6.3 Mixing - 21 mins 6.4 Decentralized Mixing - 14 mins 6.5 Zerocoin and Zerocash - 19 mins 6.6 Tor and the Silk Road - 11 mins
Community, Politics, and Regulation
7.1 Consensus in Bitcoin - 6 mins 7.2 Bitcoin Core Software - 10 mins 7.3 Stakeholders: Who's in Charge - 9 mins 7.4 Roots of Bitcoin - 9 mins 7.5 Governments Notice Bitcoin - 9 mins 7.6 Anti Money-Laundering - 5 mins 7.7 Regulation - 11 mins 7.8 New York's BitLicense Proposal - 10 mins
Alternative Mining Puzzles
8.1 Essential Puzzle Requirements - 5 mins 8.2 ASIC Resistant Puzzles - 13 mins 8.3 Proof-of-useful-work - 9 mins 8.4 Nonoutsourceable Puzzles - 7 8.5 Proof-of-Stake "Virtual Mining" - 8 mins
Bitcoin as a Platform
9.1 Bitcoin as an Append-Only Log - 16 mins 9.2 Bitcoin as Smart Property - 16 mins 9.3 Secure Multi-Party Lotteries in Bitcoin - 10 mins 9.4 Bitcoin as Randomness Source - 18 mins 9.5 Prediction Markets & Real-World Data Feeds - 23 mins
Altcoins and the Cryptocurrency Ecosystem
10.1 Short History of Altcoins - 21 mins 10.2 Interaction Between Bitcoin and Altcoins - 15 mins 10.3 Lifecycle of an Altcoin - 15 mins 10.4 Bitcoin-Backed Altcoins, "Side Chains" - 11 mins
The Fututre of Bitcoin?
11.1 The Blockchain as a Vehicle for Decentralization - 14 mins 11.2 Routes to Blockchain Integration - 28 mins 11.3 What Can We Decentralize? - 24 mins 11.4 When is Decentralization a Good Idea? - 16 mins
submitted by ccjunkiemonkey to CryptoCurrency [link] [comments]

MiningPoolHub/AwesomeMiner/MultiMinningPool FAQ

Hello everyone,
As some of you have probably noticed I have been taking the time to try my best to help some of you answer some questions.
 
However there has been a lot of repeat questions lately so hopefully this will help. I will continue to update this as we go, please check back if you have any questions as I will try to update this frequently
 
 
If you have a question you do not see covered please feel free to comment and I'll add it and try to answer it. I have added a unresolved to the beginning of this FAQ. I will number them below. Please comment below with the answer, to help me identify which question you are answering please add. UR#(x) to your comment as well, with x being the number of the unresolved question.
 
 
Before we start I will get my disclaimer out of the way.
I do not work with/for any of the developers of these programs. I do not have all the answers. Some of these are my best guess, others may be wrong or may have a better solution than the one I give. Please feel free to correct me if this is the case and I will edit as we go.
 
 
Set-up
We have two text guides here by waffleflops one for awesome miner and one for multi mining pool.
We also have a YouTube video guide by razorseal
 
YouTube Video Guide: Here
Awesome Miner(AM): Text Tutorial
MultiPoolMiner(MPM): Text Tutorial
 
 
So which one should I use?
It seems like it depends on what you want from the program, Awesome Miner is more like Nicehash in the way it looks but can be a little more complicated. MPM is pretty simple but it has less customization for those not familiar with programming.
 
NX18: "I find MPM to be better. No stability issues, no funky windows service always running in the background, and it checks MPH for best coin to mine whereas AM checks whattomine.com and they differ significantly sometimes."
 
MPM also has a minimum dev fee of 10 minutes per day (even if you set donate to 0) whereas AM does not seem to have dev fees. Both I believe have fees included that go to the devs of the miner programs themselves. However these fees for the miner devs will be attached whether you use MPM/AM or solo miner with the miner dev programs anyway.
 
 
Unresolved Questions
 
1. Anyone have solutions on crashing or very low Hashrates in sgminers with AMD GPU's in Awesome Miner?
2. Why is Lyra2Z using only 40% power from my GPU (GTX980ti)? Where/how can it tweak the settings?
I believe this is having to do with Awesome Miner 3.I did not see it asked or posted but I am curious if there's a way to bench all gpus. Instead of selecting gpu 0 and benching, waiting until its done and moving on to gpu 1 and so on. I have 8 nvidia gpus, just wondering if there's a way to auto bench all of them in a row so I can walk away and go to bed, be done I'm the middle of the night.
 
 
General MPH Questions
 
1.Hashrate is not the same on my miner as it is on the dashboard?
From MPH: "Hashrate showing on site is just an estimated value. Pool doesn't know about miner very much. It just collects certain "shares" which is some piece of hash that satisfies certain conditions. So don't worry, it's all about probability thing. Your hashrate on site can go up and down time to time."
There is some luck involved when mining in pools it is like playing the lottery. NiceHash paid at a certain rate because you were not mining coins and getting paid you were getting paid for the hash you are providing.
 
2. Balances on MPH what are the brackets?
The brackets are coins that have not yet been confirmed enough times on the blockchain. Any coins not in brackets have been confirmed.
 
3. How long will it take for my coins to show up, transfer to and from the exchange, be credited to my auto exchange coin?
 
I have been seeing a lot of questions about this so I made a flowchart which you can view Here
 
Short Answer: It depends could be minutes could be days
Long Answer: It has to be exchanged first and then placed in auto-exchange balance balance.
So you mine coin
Coin credited but unconfirmed (this can take time depending on coin)
Coin is confirmed and credited for auto exchange.
Coin is then placed on exchange. So again has to be transferred and again has to be confirmed but on exchange side.
Coin is most likely converted into btc then into auto-exchange coin at exchange.
Then auto-exchange coin is sent back to your balance on mph. So again has to be confirmed before appearing.
Depending on how fast a coin is confirmed will depend on how fast it appears in your balance.
If you stopped mining today it your balance most likely continue to grow over time.
However if you continue to mine it should in theory catch up and you will see you balance grow at a semi if not expected rate.
 
Supplemental:Forgive me if I'm misunderstanding, but this should mean it changes column, not disappears from balance entirely, no?
You will not know exact balance until it is sent back over from the exchange. This is because of the fact that you are exchanging the coins against one another. If one coin is up and one is down you could be losing or gaining value depending on the situation. This is why it seems that coins on the exchange disappear without your auto-exchange coins balance going up right away. Reference question 8 for more info
 
4. What is the best coin to auto-exchange?
This depends, just remember BTC has high transaction fees and can take some time to confirm. You will want to have a good amount of BTC before moving to your wallet to minimize the amount you lose to transaction fees.
I personally use LTC, it is quick and transaction fees are low compared to BTC but can still be exchanged for fiat on coinbase.
At the time of writing this, if you move BTC from MPH you will be charged a $4.96 fee, if you move LTC the fee to move to your wallet is $0.19
 
5. Can I hold on to certain coins instead of auto-exchanging them?
Yes, just go to auto exchange on MPH and switch off the coin you do not want to auto exchange.
 
6. This dashboard sucks! Why do they not have a one page dashboard?
Good news it is in the works, improvements are on the way so no need to keep posting about it!
 
7. Why is my coin not being exchanged?
Two possible reasons A)On balances page it says "coins that don't have enough volume on exchange for a certain amount of time will not be auto exchanged to desired coin. These coins may be sent back as original coin or btc."
B)On auto-exchange page. Mph accumulates coins so that they can be efficiently converted at the exchange. If a coins pool has not mined a certain amount it will not be sent over until it reaches the set number. It seems like it is transferred over to the exchange as one large amount instead of small amounts.
 
8. AwesomeMiner said I was going to make $X.XX dollars and when auto-exchange coins came in I made less than it said!
Couple things, do not take to heart the exact number it gives you. It is not exact remember it is like a lottery.
Remember your coins at first will trickle in over time but the longer you mine it will begin to average out.
Remember you are exchanging coins for you auto-exchange coin this means if there is a decrease or increase between them you could gain more or less.
Example if you mine VTC and auto-exchange into LTC.
You send VTC to auto-exchange it will most likely be converted into BTC first. If BTC is having a good day that day and has increased in price by 30% and VTC has not grown well that day you will be trading your VTC at a loss.
Then this same situation will happen again when converting the BTC to LTC.
So again a bit of a lottery you may gain or lose some of your mined coins value depending on the exchange rate between the coins at the time.
 
9. Add more Cryptonight coins please.
They are apparently working on adding new coins like Electroneum.
 
10. Why can't I auto-exchange BTC?
My theory is that it is because BTC is not mined on MPH, remember the coins are sent to the exchange when they hit a certain amount in order to make it efficient. Because BTC is not mined on MPH it would not be efficient to exchange BTC to other coins once it has been credited to your account.
 
11. Do I need a wallet for each coin I mine? How do I set-up a wallet?
No, only the coin(s) you want to get paid in. Click on coins pool on MPH and you will see a wallet option Add the correct address for each coin you want to be paid in, note you cannot use another coins address or you risk losing your coins. For example you should not put your Bitcoin address into your Litecoin wallet address section.
 
12. My wallet address keeps on changing, do I need to keep updating my wallet address?
Take from Coinbase: This is done to protect your privacy, so that a third-party can not view all other transactions associated with your account simply by using a blockchain explorer to look-up an address they know to be yours.
All addresses that have been generated for your account will remain associated with your account forever. They are safe to re-use to receive future payments, but for the prior stated reasons, we recommend using a unique address for all transactions.
 
13.Is there a easy way I can track my Profits/Hashrate/Workers?
Yes credit to JaymZZZ Click Here
 
14. I click on manage wallet from the balances menu and enter my account number, I get the error saying Failed to update your account: Invalid coin address.
Make sure you are adding the address to the correct coin. A bitcoin address for example should only be added to the bitcoin wallet, it should not be added to any other wallet. (Reference question 11)
 
15. Is there a fee for auto-exchange?
Yes 0.2%
 
 
Awesome Miner
 
1. I do not want to mine that algo, I turn it off but it still mines it!
Go to online services, edit, change profit switching from yes to no
 
2. Why is it mining something less profitable?
Make sure you go to tools and then benchmark Make sure you right click and save hashrate occasionally it will improve your profit switching over time.
 
3. I can't get the miner to run?
Did you exclude it from anti-virus?
You may need to reinstall.
Uninstall
then in search bar type in %localappdata%\awesomeminer (delete this folder)
Type in %appdata% go to awesome miner folder and delete this one as well
Reinstall awesomeminer
Do not run aweseomminer
Go to anti-virus and exclude all folders with awesomeminer (including the ones in the local and appdata folders)
 
4. How do i delete a Miner?
samualsmash: https://i.imgur.com/SSr1rnH.png
 
5. Can I do anything to make improvements?
puch0021:You can use VertMiner (which is what is used by OCM) to increase your hash rate compared to AwesomeMiner's default CCminer. You have to choose it for Lyra instead of CC miner. See: http://www.awesomeminer.com/help/managedsoftware.aspx Download Vertminer and extract software. Go to awesomeminer's options -> managed software -> add new user defined mining software: Type in VertMiner for description, full compatibility mode, and compatible software as CCminer. Everything in the algorithm should be disabled expect Lyra2ReV2 which should be enabled. Double click in under defined command line argument and add lyra2v2 as text. Click ok. Go to profit profiles in awesome miner. Select nvidia GPU and edit. In the mining software list there should be a new VertMiner entry. Check this box to enable it. Then click configure and then under path click browse. Click local. Select the Vertminer folder you previously made. Now whenever lyra is called for, vertminer should be used. If you try to bench mark with this enabled, it will fail but it works for mining. You can then use your mining results to manually edit your profit profile value for Lyra2REv2 (that was otherwise has the old value for ccminer.) On my 1060 it went from 21 to 22.8. Keep in mind vertminer takes 2% dev fees but it still works out to be faster than cc miner. let me know if this was any help!
I used one click miners vertminer since it was already installed.
 
6. Whenever Awesome Miner starts on a new algo and opens new instances of the CLI miner application/s, the window steal the focus from whatever you're doing. Anyone else super annoyed by this? Anyone know of a way to prevent this?
Stop mining, click more, properties, environment, console window mode, hide window, start mining again.
 
 
MultiPoolMiner (MPM)
 
1. I see a yellow stripe wich says multipoolminer is between 7% and 17% more profitable, which is nice. under this strip I see 2 lines with miner, BTC and Euro. (in my case) which of those btc values end up on your miningpoolhub balance? or both?
NX18:" Neither. Those values are best guesses by that script, hence why beside the dollar figure it shows the +/- variance which sometimes is really high like 25%, meaning that scripts best guess could be wrong by that much"
It is showing the 2nd best, If it is not the best at the time it will not show that text and just give you the comparison.
 
2. It keeps say NiceHash API failed what should I do? You can ignore it or as chillfisch points out that you can just delete the nicehash folder to get rid of this warning.
 
 
Tips
Gator-Empire
BTC: 16pVcKVFRJnCpR3hohMZtSTuiFiYy8MuCY LTC: LagCM9kiRHSbfx7ycCdrsae3QxqyycrFEr ETH: 0x6bbfe42dadc1894a19ad448b8296E7e7da383D2d
 
Waffleflops (MPM and Awesome Miner tutorial creator)
BTC: 17zd54AxSZekcPkVyEiX6TrcJkUe2qja51 LTC: LeyvTNrQfrhHK8TgtB8qWzKTMmNSaRif5m ETH: 0xaE19a33f3f9568e8775A05A92DF2fca4f3a5405b
 
JaymZZZ (Profit/Hashrate/Worker tracker creator)
BTC: 17ZjS6ZJTCNWrd17kkZpgRHYZJjkq5qT5A LTC: LdGQgurUKH2J7iBBPcXWyLKUb8uUgXCfFF ETH: 0x6e259a08a1596653cbf66b2ae2c36c46ca123523
 
razorseal (YouTube video guide creator)
BTC: 13UtW3vN4DKmmjV45dL5LHwcV8svu9tuzz LTC: Lh2DiirhVhFdX9VwWS5cY9dxyRGKV9JDGs ETH:0x260fAdC32972ca102C5CA3fAF3996C609C6C0311
submitted by Gator-Empire to MiningPoolHub [link] [comments]

Decentralized applications on TERA platform

Decentralized applications on TERA platform

Implementation of blockchain technologies provided a solution that allows to refuse of use of central servers for storing the database and to entrust them to a distributed registry. For the first time it was implemented through the example of digital currency – Bitcoin. Then enthusiastic programmers, who focused their attention on the opened opportunities, went further. They began to implement their ideas and supply new tools, laying the foundation for the digital system of the future. In such a way, smart contracts and decentralized applications appeared, presented to the user as software products for wide variety of spheres: business, entertainment, communication… Virtual blockchain began to obtain visual outlines.

https://preview.redd.it/utjl7ervb9u21.jpg?width=1080&format=pjpg&auto=webp&s=46f4ce45dbf1a3f3d84be8b027ebf10fb3374c30

Leaders in creation DApps

Ethereum became the first blockchain project that allows the creation of smart contracts and DApps.
But programmers faced difficulty - low transaction speed, which was limited to 20 tps. In 2017, EOS and TRON acted as projects that found a solution. They collected millions with the help of ICO and drove by roadmap.
On the one hand, indeed, the shown speed was significantly different and gave the opportunity to develop DApps (TRON - 1200 tps, EOS - 4000 tps). Although Ethereum took the lead in the number of created in its blockchain applications, taking a head start in two years, the competitors who appeared on the market began to drain-away developers to their platforms. For April 2019 EOS ranks the first in the number of unique users (171k) and transaction volume ($ 3 bln), TRON - the second (71k, 600 mln). This is despite the fact that more DApps allocated in Ethereum. The only thing is that transaction rate both TRON and EOS was obtained detriment of decentralization. Both projects work on the PoS consensus algorithm, and this is already a reason not to consider them decentralized. As for Ethereum, its blockchain with each fork also gradually moves towards the final transition to the PoS consensus. While the main developers justify their actions by that the PoW algorithm has already outlived itself and the distributed registry running on such a consensus cannot provide the characteristics, necessary for full-fledged DApps functionality.
That is not so!

Attractive advantage of TERA

In 2018 the TERA Foundation blockchain project was launched, which proved that it is too early to throw PoW into the past, if only because it copes brilliantly with security issues.
The author of TERA Yuri Ivanov by combining the sha3 and secp256k1 encryption algorithms in cryptography achieved excellent results, guaranteeing 1,000 transactions per second. And the architecture features of the TERA blockchain have higher capabilities - 5,000 tps. Moreover, this speed is not the limit, but without a network load test it’s early to talk about other numbers for the moment.
Anyway, we already see that currently provided speed allow the creators of DApps to embody their ideas. Language of smart contracts JavaScript facilitates the challenge. Some developers together with the creator of TERA did not waste time and for a relatively short time period of the platform’s existence placed into its space a number of really decentralized applications, that are now available to all wallet owners.

What DApps are on the TERA platform

So, what is currently available for use to members of the TERA community?

https://preview.redd.it/bf7o1dk6c9u21.jpg?width=1080&format=pjpg&auto=webp&s=3df9247705396f59b08155462029f65c5a1303b0
TERA decentralized exchange and a multi-currency wallet
The first decentralized platform for the cryptocurrency exchange is already in operation.
To be honest, for the present is only in one, but the most important direction - TERA / BTC.
Meaning that those who wish to purchase a coin can use the sellers' offers, placed on the platform, without turning to other exchanges where TERA has already passed listing.

https://preview.redd.it/69nclntcc9u21.jpg?width=1080&format=pjpg&auto=webp&s=354b5175186e5e684146cde489a02db0824a823f
Upon that, thanks to the latest update you can create a BTC account that will be bound to the main one. For sure increasing the number of cryptocurrencies for both trade and storage will increase the attractiveness. However, this is just a question of time and monitoring with what time intervals updates are released there is a confidence that it will not take long to wait. Moreover, to the topic of wallets and coins it pays to add that TERA allows you to issue your own tokens.

Services for business
Special attention is given to decentralized applications that help to conduct business activities and other dealings. For example, DApp "Promise" is available. By activating a smart contract the seller fixes his obligations with a bounded frozen account without money. The buyer studies the conditions and if they are suitable for him, he transfers the specified amount. Then goods are forwarded, or services are being provided. When deal is fulfilled, the buyer defrosts the seller’s account with the payment received. In case of refusal, the case is regarded by the escrow - the creator of the smart contract.

https://preview.redd.it/y8mp33tkc9u21.jpg?width=819&format=pjpg&auto=webp&s=28e7479c77264658a07ec5768d351cc7f4f8ddc9
There is a DApp "Frozen", where you can freeze funds on your own account until the specified date or until a specific block is generated.
A great way to avoid money wasting and to hodl some coins for a desired period.
Other applications are in the planning stage, that will facilitate business processes conducting on the blockchain directly between the parties, without intermediaries.

Gambling
Gambling admirers comprise a third of decentralized applications users. Therefore, among the DApps hosted on the TERA blockchain, entertainment from this area began to appear. There are a double bet game, a lottery and a one-armed bandit (slot machine). The slot machine evokes associations with the very first mechanical gambling machine of 1905.
It also has 3 drums and one pay line. But the functionality allows you to win the bonus round with 5 free spins and increased prize payout. Yet truth be told, you should be careful.
Personally, I’ve got the combination giving the jackpot x 200 bets, but as I later noticed the winning did not arrive in the account. Therefore, record the evidence of such things just to be on the safe side.

https://preview.redd.it/whioug4qc9u21.jpg?width=467&format=pjpg&auto=webp&s=b3f571ea0512678817bb7d31059fffcd816729a7
By the way, after the post about these errors in Discord (https://discordapp.com/invite/CvwrbeG), the reply followed immediately. The reason was that for the convenience of the player the slot does not wait for 8 seconds, which are necessary for the blockchain to confirm the block, but returns results earlier. But if there is a case of a lost block, an error occurs, where diamonds symbols are shown on the drum.
It was reported about the immediate update of the client version with the corrected drawbacks of previous one.

Online shop
The platform operates an online shop with toys on the game Minecraft subject. For TERA coins you can get soft toys, souvenirs and other goods with the next day delivery in Moscow and within 5 days to other cities of the Russian Federation.
But it will be no difficulty for other salesmen to join and offer their product range. Creating an online store does not require much time, cost or special efforts. It will take several minutes between the decision to open the goods sales point on a decentralized TERA platform and fully realized project. It is enough to load feed with an assortment and prices. Moreover, all data is stored on the blockchain, which excludes needs for hosting.

https://preview.redd.it/crh2an11d9u21.jpg?width=1000&format=pjpg&auto=webp&s=806c3d73766b9a212c1c3d15ed2d82d3cdb402a5
The buyer studies the product and if finds something interesting for himself, makes an order. A clear interface with a full functional basket is available to fulfill the order.
Payment is commission-free. The seller observes the process through the admin panel, which informs him about the state of affairs and reports the change of good statuses during all stages - from the moment of adding to the basket to delivery to the buyer.
The money paid for the goods is reserved on the buffer account at first and only after the buyer receives his order, the seller receive the amount of money to his account.

Other DApps
The first resources for communication appeared on the decentralized platform. This is a forum and dating chat.
Arcade games started to come in, like Floppy Birds. This game already was able to prove that for a poor little bird it’s so difficult to fly, even in the blockchain space!
Especially when the flight takes place in the neighborhood of a virtual industrial town, where there are more pipes than trees, and they grow right before our eyes (in the truest sense of the word!)

https://preview.redd.it/q071t2h8d9u21.jpg?width=1080&format=pjpg&auto=webp&s=8727324d966753ee57c323bd57ace6c6f07d3c27
Once again, I would like to remark that all this is really decentralized, it works and TERA is waiting for new developers, those who want to distribute and monetize their software products free, and what is more, in the most popular programming language – JavaScript.

What else would be nice to see on TERA

Virtual soil of TERA is just beginning to put out shoots of the first planted digital seeds, and in the blockchain space there is enough space for the flight of imagination when creating DApps. I will give as an example just the first that comes to mind, as well as taken from the statements of members of the TERA community on Discordapp.com.
Thus, would be great to see:
- platform for trading binary options, for a start at least on the same pair of TERA / BTC;
- browser for work with DApps and recommendations for building applications;
- a service for voting on the blockchain would provide transparency into the system of election in any sphere (such a proposal was received at Eurovision-2019, why not create it on TERA);
- author's rights patenting services for works of art, inventions and other intellectual property;
- a full-fledged forum where comments would be saved and could not be deleted (the foundation of such an application has already been laid);
- chess, backgammon, bingo, durak and other classic games;
- more games! Strategies, shooter games, exploration games... Suggest to take a deeper look to the hits of the 80s and 90s. Could be found what to remember and transfer to the decentralized platform TERA;
- fully functional casino with a wide range of entertainment: 3-line and 5-line Slot games, roulette, blackjack, poker, bets and other services of gambling industry;
- and so on and so forth.
If such ideas do not come to developers’ mind, feel free to contact the author of this article and he will share his own in the field of gaming and gambling, and help with their realization with the creative approach!
In the long run, what we need for everyday life? Tools to make money and ways to spend it.
The unique features of TERA blockchain make it possible to place both in it.
Plus they will be independent of any central administration and free of censorship.
To inspire developers for actions, the Chinese TERA community announced a contest with a prize fund of 165,000 coins.

https://preview.redd.it/ksrxovbbd9u21.jpg?width=720&format=pjpg&auto=webp&s=c2f16e877b7dac0cf2b4ef0bb249f98c0c6d0396
Those who are interested in placing their DApps on TERA will be helped by DApp Paper - https://docs.google.com/document/d/10yXAKxaU7YgrQnbdXu_L7WWovUoRtdJwo3tXXaGZGSQ/edit
And a couple of words to the developers: You can choose TRON platform, you can choose EOS or Ethereum. But what are your priorities? All these systems are in the hands of corporate owners, which leads away from decentralization. And those who want to get away from totalitarian control and give the fruits of their creativity complete freedom should consider the TERA platform.
The TERA Foundation website has a page with a special world map. It shows in real time how many full nodes support the blockchain operation- https://terafoundation.org/map.html. To be among the first means to participate in laying the foundation, that is able to withstand a powerful boost to the rapid development of future technologies. If there is no your city on the map, only a few minutes separates you from correcting it. Instructions for node installation will help to join the TERA community and make your contribution right now.
It can be found here: https://sourceforge.net/p/tera/code/ci/mastetree/README.md

https://preview.redd.it/zcq5ijbgd9u21.jpg?width=1246&format=pjpg&auto=webp&s=a3cdd4219a5904a89f5de59413d45d6769b07a54
Participation in the expansion of TERA encourages growth and development of the idea of freedom from central administration, which was stated when Bitcoin was launched.
These are not just fantasies or dreams, there are authoritative representatives of science who consider blockchains to be the basis for the economy of future, which will have no boundaries. And with the help of active participants full decentralization will come much faster. This development has no limits, since it is fueled by the independent striving, own free will and potential that is inherent in each of us.
submitted by evkara to u/evkara [link] [comments]

NAV Roadmap - KR translation

Hey guys, been MIA for a few weeks getting things done. Slowly and steadily getting translations coming in from friends and translators: (Hoping our friend Mr. Fry hasn't translated this yet) -
Project Roadmap : 프로젝트 로드맵
Where we’re going : 우리가가는 곳
Cryptocurrencies are complicated, and it’s our mission to change that. The Nav Coin wallets are easy to use and have great built in privacy features : Cryptocurrency 는 복잡하고, 그것을 바꾸는 것이 우리의 사명입니다. Nav Coin 지갑은 사용이 간편하며 개인 정보 보호 기능이 뛰어납니다.
Upcoming Projects : 다가오는 프로젝트들
Our upcoming projects continue on that journey of providing great software that does the heavy lifting so you don’t have to. : 우리의 다가오는 프로젝트는 당신이 할 필요가 없도록 무거운 짐을하는 훌륭한 소프트웨어를 제공하는 여정에서 계속됩니다.
Navtech wallet rebuild : NAVTech지갑 재구성
To simplify running a NAVTech node, we are looking to integrate Nav Coin and the Subchain into a single multi-chain wallet. This will make it easier for everyone to process anonymous transactions, and is the precursor to the next generation of the NAVTech system. -NAVTech 노드 실행을 단순화하기 위해 Nav Coin과 Subchain을 단일 다중 체인 지갑에 통합하려고합니다. 이렇게하면 익명의 거래를 모든 사람이 쉽게 처리 할 수있게되며 차세대 NAVTech 시스템의 전조가됩니다.
Upgrading our anonymous tech - NAVTech 2.0 : 익명 기술 업그레이드 - NAVTech 2.0 With the multi-chain wallet working, we will then begin to port the NAVTech scripts into the wallet itself. At this point we would also look at how we can open the cluster system up to being a trustless mesh network so anyone can easily participate and gain rewards. :다중 체인 지갑이 작동하면 NAVTech 스크립트를 지갑 자체에 포팅하기 시작합니다. 이 시점에서 우리는 클러스터 시스템을 신뢰할 수없는 메쉬 네트워크로 열어 누구나 쉽게 참여하고 보상을 얻을 수있는 방법을 살펴볼 것입니다.
Nav coin direct - An easier way to buy : NAVNav Coin Direct - NAV를 구입하는보다 쉬운 방법 With the success of our PayPal NAV purchasing through our merchandise store we are going to build a purchasing platform for buying NAV with Fiat Currencies, Pay Pal, Credit Cards and more. : 우리의 상품 점포를 통해 구매 한 PayPal NAV의 성공으로 우리는 피아트 통화, Pay Pal, 신용 카드 등으로 NAV를 구입할 수있는 구매 플랫폼을 구축 할 것입니다.
Currently in progress : 현재 진행 중
Mobile & web wallets @95% : 모바일 및 웹 지갑 @ 95 % After the release of Nav Coin 4.0.0 we will begin working on a full suite of Mobile & Web Wallets based on the Copay source code. Copay is an amazing javascript based wallet which will provide us with a great platform to build our Nav Coin wallets on top of. : Nav Coin 4.0.0이 출시되면 Copay 소스 코드를 기반으로 한 전체 모바일 및 웹 지갑 제품군에 대한 작업을 시작합니다. Copay는 자바 스크립트 기반의 놀라운 지갑으로 Nav Coin 지갑을 위에 쌓을 수있는 훌륭한 플랫폼을 제공합니다.
Anonymous DApps Planning @ 90% : 익명의 DApps 기획 @ 90 % We are looking into the possibility of upgrading Nav Coin and the Subchain to implement smart contracts. The idea being this will enable people to build Anonymous Decentralized Apps (ADapps) on top of our existing dual blockchain system. This milestone for the feasibility phase of the project where we research Dapp platforms and frame up what ours will look like. : 우리는 현명한 계약을 구현하기 위해 Nav Coin과 Subchain을 업그레이드 할 수 있는지 검토하고 있습니다. 이 아이디어는 기존의 이중 블록 체인 시스템 위에 ADAP (익명 분산 응용 프로그램)를 구축 할 수있게합니다. Dapp 플랫폼을 연구하고 우리의 모습을 구성하는 프로젝트의 실현 가능성 단계에 대한이 이정표.
Marketing Roadmap @ 75% : 마케팅 로드맵 @ 75 %
With our Q1 releases out of the gate, our marketing team will be able to refocus on the wider branding message and marketing strategy. The first step is to formalise a marketing roadmap and present our marketing plan. : 당사의 1 분기 릴리즈를 통해 마케팅 팀은보다 광범위한 브랜딩 메시지 및 마케팅 전략에 다시 집중할 수있게 될 것입니다. 첫 번째 단계는 마케팅 로드맵을 공식화하고 마케팅 계획을 제시하는 것입니다.
Rebuilding the Subchain @ 50% : 서브 체인 @ 50 % 재건
With the successful upgrade to the new Nav Coin Core, we will be aligning the subchain source with the new code base. This will mean restarting that blockchain and also preparing to integrate the Subchain into the Nav Coin wallet. : 새로운 Nav Coin Core 로의 성공적인 업그레이드를 통해 서브 체인 소스를 새로운 코드 기반에 맞출 것입니다. 이것은 해당 블록 체인을 다시 시작하고 Nav Chain 지갑에 Subchain을 통합 할 준비를하는 것을 의미합니다.
NavTech Polymorph @ 33% : NavTech 다 형체 @ 33 % NAVTech Polymorph is a fusion of NAVTech’s Anon transactions and Changelly’s instant exchange. It will enable users to send any one of 25+ cryptocurrencies anonymously through the dual blockchain powered NAVTech anonymous transaction system. : NAVTech Polymorph는 NAVTech의 Anon 거래와 Changelly의 즉석 거래를 융합 한 것입니다. 사용자는 익명으로 이중 차단 체인 전원 공급 장치 NAVTech 익명 트랜잭션 시스템을 통해 25 개 이상의 암호 화 된 통화 중 하나를 보낼 수 있습니다.
Nav Pi JS @ 15% After the successful launch of NavPi, we are working towards streamlining the interface. This means a full redevelopment using Angular2 served by NodeJS. This also aims to improve the performance of the front end giving a smoother user experience. : NavPi를 성공적으로 출시 한 후 우리는 인터페이스 간소화를 위해 노력하고 있습니다. 이는 NodeJS가 제공하는 Angular2를 사용하여 전체 재개발을 의미합니다. 또한 프런트 엔드의 성능을 향상시켜보다 원활한 사용자 환경을 제공하는 것을 목표로합니다.
Completed Projects : 완료된 프로젝트
NavTech v1.2
NavTech 1.2 will address the metadata inference of NavTech transactions when the system is running at low volume. We will be implementing multiple output addresses, variable fees, time delays and dummy transactions. : NavTech 1.2는 시스템이 낮은 볼륨에서 실행될 때 NavTech 트랜잭션의 메타 데이터 추정을 처리합니다. 우리는 다중 출력 주소, 가변 수수료, 시간 지연 및 더미 트랜잭션을 구현할 것입니다.
Nav Coin Core 4.0.4
This is an important update which includes all the updates necessary to be compatible with NavTech 1.2. Updating to this version is mandatory due to the major changes to how NavTech works : 이 업데이트는 NavTech 1.2와 호환되는 데 필요한 모든 업데이트를 포함하는 중요한 업데이트입니다. 이 버전으로의 업데이트는 NavTech 작동 방식의 주요 변경 사항 때문에 필수적입니다.
NavPi 1.0.1
This is the software which the pre-built NavPi’s are shipping with from our store. This version still uses the same UI which was in 1.0.0 but the image has been rebuilt from the ground up with extra security features. : 이것은 사전 제작 된 NavPi가 우리 가게에서 배송하는 소프트웨어입니다. 이 버전은 여전히 ​​1.0.0과 동일한 UI를 사용하지만 추가 보안 기능으로 이미지가 처음부터 다시 작성되었습니다.
Copy of Pre Built NavPi's : 사전 제작 된 NavPi 사본
We are working towards sourcing and supplying NAV branded NavPi units on the Nav Coin Store. These will ship with the image pre-loaded onto the memory card so all you will need to do is plug them in and send the coins. : Nav Coin Store에서 NAV 브랜드의 NavPi 장치를 소싱 및 공급하기 위해 노력하고 있습니다. 이것들은 메모리 카드에 미리로드 된 이미지와 함께 제공 될 것입니다. 그래서 당신이 할 일은 플러그를 꽂아 동전을 보내는 것뿐입니다.
NAVTech 1.1
We are reviewing and fully unit testing the NAVTech source code. First optimizing and testing the existing source and fixing some small bugs we have listed as issues on the github project : 우리는 NAVTech 소스 코드를 검토하고 완전히 테스트하고 있습니다. 먼저 기존 소스를 최적화하고 테스트하고 github 프로젝트의 문제로 나열한 몇 가지 작은 버그를 수정합니다.
Nav Coin Core 4.0.0
We are rebuilding Nav Coin Core up to date with the Bitcoin 0.13 source. This will increase Nav Coin’s stability, capabilities and ability to integrate with other services. By updating to 0.13 we will get some great technical benefits including the capability to have a Nav Coin Insight API and Segregated Witness. : Bitcoin 0.13 소스를 사용하여 Nav Coin Core를 최신으로 재구성하고 있습니다. 이것은 Nav Coin의 안정성, 기능 및 다른 서비스와의 통합 능력을 향상시킵니다. 0.13으로 업데이트하면 Nav Coin Insight API 및 분리 된 증인을 보유 할 수있는 능력을 포함하여 많은 기술적 이점을 얻을 수 있습니다.
NavPi StakeBox
A low-energy Nav Coin staking solution based on the Raspberry-Pi platform. NAV’s highly anticipated web interface enabled staking unit, offers a more energy efficient way to earn Nav Coin rewards and participate in transaction verification. : 라스베리 -PI 플랫폼 기반의 저에너지 Nav Coin 스테 킹 솔루션. NAV의 높은 기대를 모으고있는 웹 인터페이스를 통해 스테이 킹 장치가 가능해 Nav Coin 보상을 획득하고 거래 검증에 참여할 수있는보다 에너지 효율적인 방법을 제공합니다.
Website Redesign : 웹 사이트 재 설계
We are redesigning the main Nav Coin website with the aim of giving a better experience to new and returning users. We have thoroughly mapped out the User Journey and hope this makes the site much easier to navigate and use. : 신규 및 재 방문자 사용자에게보다 나은 경험을 제공하기 위해 Nav Coin 웹 사이트를 재 설계하고 있습니다. 우리는 User Journey를 철저히 분석하여 사이트를 훨씬 쉽게 탐색하고 사용할 수 있기를 바랍니다.
Decentralization Implementation : 지방 분권화 구현
The release of the new Navtech value-transfer system, was a key piece of the decentralization network implementation. The new architecture allows Navtech servers to operate in trusted clusters and form their own private mesh network of processing servers which anyone will be able to run and earn rewards from. : 새로운 Navtech 가치 이동 시스템의 출시는 분산화 네트워크 구현의 핵심 요소였습니다. 새로운 아키텍처를 통해 Navtech 서버는 신뢰할 수있는 클러스터에서 작동하고 누구나 실행할 수 있고 보상을 얻을 수있는 자체 처리 메쉬 네트워크를 형성합니다.
Anonymous Merchant Integration : 익명 판매자 통합
Once we have finished the initial merchant gateway, we will integrate the merchant gateway with our anonymous network to allow for the anonymous purchasing of products. : 초기 상인용 게이트웨이를 마친 후에는 제품의 익명 구매를 허용하기 위해 가맹점 게이트웨이를 익명 네트워크와 통합 할 것입니다.
Merchant Gateway : 판매자 게이트웨이
Nav Coin has been added to Coin Payments merchant gateway system. This allows merchants to accept Nav Coin in their physical stores and also on their websites. : Nav Coin이 Coin Payments 가맹점 게이트웨이 시스템에 추가되었습니다. 이를 통해 판매자는 실제 매장에서 Nav Coin을 수령하고 웹 사이트에서도 Nav Coin을 수령 할 수 있습니다.
NAVTech NodeJS
Rebuilding the Nav Coin Anonymous Tranasction System “Navtech” is a top priority for us. The redevelopment of the system allows for a smoother transition to a fully decentralised system. : Nav Coin 익명 트랜샌 션 시스템 재 구축 "Navtech"은 우리에게 최우선 순위입니다. 시스템을 재개발하면 완전히 분산 된 시스템으로 원활하게 전환 할 수 있습니다. Thin Client for Desktop : 데스크탑 용 씬 클라이언트
Our custom X13 Electrum server also enables us to build a thin client for desktop. This will be a great addition to the Nav Coin software suite and give people instant access to their Nav Coin without having to sync the entire block chain! : 우리의 커스텀 X13 Electrum 서버는 데스크톱 용 씬 클라이언트를 구축 할 수있게 해줍니다. Nav Coin 소프트웨어 제품군에 추가 된 기능으로 전체 블록 체인을 동기화하지 않고도 Nav Coin에 즉시 액세스 할 수 있습니다!
NAVTech Public Release : NAVTech 공개 버전
With the main block chain successfully hard forked, the network stabilised and the major exchanges successfully running on the new wallet we are able to move forward into the final stage of deployment. The double encrypted Navajo Anonymous network will be fully functional and open to the public from Monday 23rd of March 2015. : 메인 블록 체인이 성공적으로 단단히 고정되면서 네트워크가 안정화되고 주요 교환기가 새 지갑에서 성공적으로 실행되어 배포의 최종 단계로 나아갈 수 있습니다. 이중 암호화 된 Navajo 익명 네트워크는 2015 년 3 월 23 일 월요일부터 모든 기능을 제공하며 공개됩니다.
NAVTech Beta Test : NAVTech 베타 테스트
The public beta test of our Nav Anonymous Transactions system will begin on the 1st of February 2015. It will run for two weeks at which point it will close and we will begin processing the beta results. During the testing phase there will be a bounty set for anyone who can successfully trace the transactions from origin to destination. The beta test will be unencrypted to help us with analysis and testing. : Nav 익명 거래 시스템의 공개 베타 테스트는 2015 년 2 월 1 일부터 시작될 예정이며, 2 주일 후에 실행될 예정이며 그 시점에서 베타 결과 처리가 시작됩니다. 테스트 단계에서 원산지에서 목적지까지 트랜잭션을 성공적으로 추적 할 수있는 사람을 대상으로 현상금이 설정됩니다. 베타 테스트는 분석 및 테스트에 도움이되는 암호화되지 않은 것입니다.
Faucet : 수도꼭지
We will run a NAV faucet as well as the POS Wallet faucet. You will be able to register your wallet address with the faucet and be in the lottery to get sent free NAVs. : 우리는 NAV 수도꼭지뿐만 아니라 POS 월렛 수도꼭지를 운영 할 것입니다. 지갑 주소를 수도꼭지에 등록하고 추첨을 통해 무료 NAV를받을 수 있습니다
Block Explorer : 블록 탐색기
We have been added to the Cryptoid Block Explorer. The block explorer allows people to look up wallet addresses and see its public balance and transactions. : Cryptoid Block Explorer에 추가되었습니다. 블록 탐색기를 사용하면 사람들이 지갑 주소를 조회하고 대중의 균형과 거래를 볼 수 있습니다.
submitted by DijoinKlink to NavCoin [link] [comments]

14 Awesome NEW Quotes About Blockchain

The LUDUM team spent the last couple of nights poring over hundreds of famous and smart-thinking quotes on blockchain. Below is a collection of our 15 favorites.
Let us know which ones resonate with you the most, and feel free to counter any you disagree with. There are infinite views on what could happen in the future, here are fifteen famous ones for our “crypto-hodlers” in bad times to give them strength.
The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts Satoshi Nakamoto, Founder of Bitcoin ”Well, I think it is working. There may be other currencies like it that may be even better. But in the meantime, there’s a big industry around Bitcoin. — People have made fortunes off Bitcoin, some have lost money. It is volatile, but people make money off of volatility too. Virgin Galactic is a bold entrepreneurial technology. It’s driving a revolution. And bitcoin is doing just the same when it comes to inventing a new currency.” Richard Branson, Founder of Virgin Galactic, and 400+ businesses “PayPal had these goals of creating a new currency. We failed at that, and we just created a new payment system. I think Bitcoin has succeeded on the level of a new currency, but the payment system is somewhat lacking. It’s very hard to use, and that’s the big challenge on the Bitcoin side.” Peter Thiel, Co-Founder of PayPal “The relative success of the bitcoin proves that money first and foremost depends on trust. Neither gold nor bonds are needed to back up a currency.” Arnon Grunberg, Writer “It’s gold for nerds.” –Stephen Colbert, Comedian, April 17, 2013 “We have elected to put our money and faith in a mathematical framework that is free of politics and human error.” Tyler Winklevoss, Co-creator of Facebook “There are 3 eras of currency: Commodity based, politically based, and now, math based.” Chris Dixon, Co-founder of Hunch now owned by eBay, Co-founder of SiteAdvisor now owned by McAfee “Trusted third parties are security holes.” Nick Szabo (inventor of Bit gold, a precursor to Bitcoin) “Cryptography shifts the balance of power from those with a monopoly on violence to those who comprehend mathematics and security design.” Jacob Appelbaum (activist and core member of the Tor project) “The biggest opportunity set we can think of over the next decade.” Bob Grifeld, CEO NASDAQ “Anything that can conceive of as a supply chain, blockchain can vastly improve its efficiency- it doesn’t matter if its people, numbers, data, money.”– Ginni Rometty, CEO IBM “Online identity and reputation will be decentralized. We will own the data that belongs to us.” William Mougayar, author The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology “The bitcoin transaction script language, called Script, is a Forth-like reverse-polish notation stack-based execution language. If that sounds like gibberish, you probably haven’t studied 1960s programming languages, but that’s ok.” Andreas M. Antonopoulos, Mastering Bitcoin: Programming the Open Blockchain “Bitcoin actually has the balance and incentives right, and that is why it is starting to take off” Julian Assange, Founder of Wikileaks
LUDUM is setting out to revolutionize first the lottery industry, then the entire gaming industry, by providing a global, social gaming experience based on the Stellar blockchain.
www.playludum.com
submitted by playludum to CryptoCurrency [link] [comments]

BUMO: A Commercial Grade Blockchain Built For Efficient Value Transfer


The Blockchain Today and Why It Needs Improvement


The disruptive and innovative idea of the blockchain is one that ranks foremost amongst the greatest innovations of the 21st century. The true impacts of the application of blockchain technology in virtually all facets of human existence and interaction are greatly immeasurable and perhaps holds the key to the future. The blockchain's characteristic nature offers the promise of decentralization which is the key to the future's trustless transactions and the possibility of the opening of a whole new paradigm in human interaction.
The blockchain therefore possesses the inherent ability to foster digital trust through the trustless and transparent transfer of value between two parties using the instrumentality of a distributed ledger which is both transparent and unalterable. However, the blockchain as we have it today, as brilliant as it may seem falls drastically short of the ideal idea of a blockchain that can be seamlessly applied to large scale applications capable of revolutionizing the way we operate digitally thus making life relatively easier and better.
Perfection is nothing but an illusion, it needs to be pursued, to be sought after. However, when something is thought to have reached the prized perfection, a possible improvement shows up itself, yet another perfection to be pursued. The blockchain's story is no different. It might seem the perfection we sought, however, the blockchain is currently plagued by the following imperfections to be perfected:
1. Slow speeds and lack of Scalability
Fast is always best. Unfortunately the blockchain as we have it today is not one of the fastest things one can think of. Atleast not fast enough to handle thousands of transactions per second effortlessly which it must do in order to gain widespread application in various processes which have commercial impact. Closely related to this lack of adequate transaction speeds is the inability to handle a high number of transactions thus the lack of scalability. In December 2017, the whole Ethereum blockchain was rendered useless by the Cryptokitties, a blockchain game which had garnered "too many" users.
2. High levels of Energy Consumption.
The blockchain as exemplified by Bitcoin requires a huge amount of energy to operate as a result of mining. Apart from the availability of such amount of power for mining, the high levels of energy consumption allows for the centralization of control in a few entities (in our case then Chinese).
3. Complexity Which Limits Application
The application of the blockchain at a commercial scale requires a huge amount of technical know how and a lot of engineering because of the complexities of the application of the blockchain. This low application threshold therefore keeps many away from leveraging the advantages of the blockchain technology, this obstacle very much needs to be removed in order to ensure the emergence of an ideal blockchain ready to be deployed at a commercial scale.
4. Lack of the free flow of Value
The hallmark of an ideal blockchain is the achievement of the free flow of value, however, the application of the blockchain accross different platforms is very much isolated closing off the value system and economic circulation. The value of assets are therefore ultimately limited by a lack of liquidity of digital assets hence they are also enclosed within a closed business environment where there is no free flow of value.
Problems exist to be solved. The problems and limitations of our blockchain as we have it today is efficiently solved by BUMO.

Understanding the Necessity for the Secure And Efficient Transfer of Value

Human civilization from time immemorial has been propelled forward through the transfer of value between entities and organizations which enables developmental and commercial activities to thrive. In today’s word, the blockchain provides a formidable platform for the efficient transfer of value between one point and the other. However, while the efficient and easy transfer of information has been achieved, the transfer of value between one point and the other without a central authority still remains a big challenge even the blockchain is yet to solve.
But not any longer, BUMO, a commercial grade public blockchain promises to open the doors of efficient value transfer and delivery unto mankind hence the importance of efficient value delivery is core and an essential ingredient for the commercialization of the blockchain and and the achievement of its real capabilities.

What is BUMO and Why It is the Blockchain of the Future

📷
BUMO is very much a next-generation, commercial grade public blockchain that is built to enable ubiquitous and trusted value transfer which other blockchains always lacked. It features a decentralized application ecosystem which is built to foster digital trust through trustless transactions, enable the free flow of value and develop public sharing apps. BUMO provides for the efficient and credible circulation of value through its ubiquitous nature, by this it means that the BUMO network is comprised by inter connected devices the world over. This arrangement puts digital power with the users whereas the blockchain of today does not allow for this. The BUMO network is open, fair and autonomous. It allows for any device from absolutely anywhere to join its network as a node to form a network that is virtually omnipresent, everywhere or simply ubiquitous.
The devices which act as nodes in the BUMO network can act as one of the following which physically comprise the BUMO network:
(a) Nodes
Any intelligent device which joins the BUMO network does so as a node. Such a device once connected as a node to the BUMO network would have the characteristics of being both autonomous and open or transparent. All devices therefore first of all must join the network as nodes.
(b) Candidate Nodes
A device which is a node on the BUMO network can apply and be chosen to become a candidate node. Nodes are chosen to become candidate nodes based on their network scale and performance requirements. The first nodes who apply and are qualified are chosen as candidate nodes.
(c) Validator Nodes
Validator nodes are those nodes which are responsible for network accounting as well as the reach of consensus. They are elected via lottery from the candidate nodes. Validator nodes share the proceeds of transaction costs on the BUMO network.
There has been an explosion of smart and intelligent devices in recent times. BUMO gives these devices the opportunity to join its network as nodes in order to create value. No doubt millions of devices will join the network. A quick perk is that as more devices join the BUMO network, the more ubiquitous it becomes, the more it makes interconnection of devices across the digital space possible and the more digital trust is built as the network also becomes more open and autonomous. In every regard therefore, BUMO is truly the blockchain for the future, the blockchain ready to change the world as blockchains should really do. A blockchain unmatched.

The BU Firework and How it Solves Scalability, Security and Performance Concerns In Implementing Blockchain Technology.

Blockchains today make use of Proof-of-Work, Proof-of-Stake or some other consensus models which ultimately lack the ability to scale to or handle high number of transactions. Such consensus models also do not guarantee security nor do they guarantee the performance needed for the implementation of blockchain technology in large scale operations by various institutions.
With BUMO however, the story changes. BUMO utilizes a consensus model known as the BU Firework. The BU Firework consensus model is radically different from Proof-of-Stake and other consensus models of currently existing blockchains. The BU Firework utilizes an algorithm which guarantees the ability to handle higher number of transactions thus scalability and also ensures security. In the BU Firework, nodes elect candidate nodes. Candidate nodes can become validator nodes which are responsible for coming to a consensus and validation of blocks through an asynchronous BFT algorithm. As concerns security, when a validator node is found to be malicious, the deposit managed by it is removed and forfeited from the set of validator nodes in order to prevent a nothing-at-stake attack. Long-Range-Attacks are also prevented by the validator nodes entering a deposit freeze stage when redeeming deposit in order to prevent a malicious validator node from initiating a malicious attack.
BUMO's ability to solve the scalability, security and performance concerns of implementing blockchain technology through its BU Firework Consensus Model means so much hence large enterprises can finally, through BUMO implement the blockchain in large scale applications and so bring forth the true power of the blockchain and its inherent ability to transform digital interaction in all forms.

The BUMO (BU) Contract And Its Role In Lowering Blockchain Application Threshold.

Development within the current blockchain space is highly complex and requires a lot of technical knowledge and experience. The BU contract will lower this high application threshold by simplifying the development of Smart Contracts, such that even with little knowledge of blockchain development, developers can still bring their ideas to fruition. The BU Contract customizes the reading and writing of smart contracts which are to be used by blockchain applications. The BUMO contract also consists of the BUMO Virtual Machine (BuVM) which provides the environment for the execution of smart contracts and combines as an intelligent control logic for the application layer.

The BU Contract specifically lowers the application threshold of the blockchain by bringing smart contract development to the ordinary developer through the support of Java Script as a smart contract development language. Java Script is quite cheaper to learn and is one of the most popular languages of the web, developing smart contracts in JS would mean smart contract development being open to a vast majority of developers. In addition the BU Contract features templates for different smart contract use cases such that developers would only need to change the parameters and have for themselves a functioning smart contract. Blockchain made is easy!

The BUMO (BU) Canal And BUMO (BU) Orbits: Cross-Chain Inter Operability for Connectivity Between Blockchains.

Blockchains as they exist today are closed off from each other and thus limits or makes impossible the exchange of value between different chains. This lack of interoperability between different chains results in them being value islands and the limiting of such blockchains to the scales of their consensus nodes, a situation which is ultimately not in the best interest of the demands of business diversity.

The BU Canal's aim is to realize a scalable solution that would ensure interoperability among different blockchains and thus enable the free flow of value between the chains. The BUMO Canal has the advantages of connecting different blockchains of different architecture and enabling the free flow of value between different blockchains. The BU Orbits on the other hand enables cross-chain contract service and eliminates the lack of efficiency of single chain networks and enable cross chain interoperability to meet the demands of business diversity. The connection of different blockchains by the BU Canal and BU orbits would also enable the free flow of value and so bring to an end the era of value island blockchains.

BUMO And How It Creates Real Value Through Connection For the Internet of Things

Our world of the 21st century is being taken over by intelligent devices which has led to the creation of what is referred to as the Internet of Things (IoT), their explosion is only predicted to continue in an upward trend. However, today the value of devices of the IoT is simply because they are connected to a network and therefore, there is no traditional ability for these IoT devices to create value. BUMO through its integration and connectivity of millions of devices would enable the transformation of value delivery in the IoT and would also build an IoT value network through decentralization of value delivery and transfer.

BUMO also through the instrumentality of its blockchain would ensure the scaling of the potentials of the IoT even to produce commercial value as never experienced before. BUMO's integration of blockchain tech with the IoT of ecosystem enables the cost effective and efficient formation of an IoT value network. All thanks to BUMO!

The BU Token, The Provision of an Incentive System and Its Place in the BUMO Network.

The BU Token (or simply the BU) is the native token of the BUMO network. It is central and instrumental to the functioning of the entire BUMO ecosystem. The BU is responsible for all transactions as well the characterization and measurement of all economic activities on the BUMO network. The value of the BU is based on the quantity of the BU token consumed as fuel in the application of the BUMO network and the amount of BU being held by the ecosystem participants.
The BU Token also serves as an incentive as it is offered as reward to validator nodes for each transaction they process. It is also the fuel for the execution of intelligent smart contracts on the BUMO network and also serves as a community incentive. The BU can be acquired through transfer between user accounts, as reward, exchanging the BU with ETH and a plethora of other ways.

Applications And Use Cases

1.Application

Scalability, Security and High Performance Blockchain For Large Enterprises

Use Case

All Savers Bank is one of the largest banks in the republic of Wakanda with millions of transactions being carried out by customers everyday and thousands per minute. All Savers Bank Ltd had always wanted to implement the blockchain technology in their banking business. However, existing blockchains though were supposed to revolutionize activities like banking could not just handle transactions of a large enterprise like All Savers, moreover, security was not very guanranteed. However, with BUMO, All Savers Bank has finally being able to implement the blockchain without the least of worries for scalability, security and performance because they are all guaranteed.

2. Application

Lowering the Application Threshold of Blockchain Technology

Use Case

All Stars Inc are a small scale Finance Advice Company. They wanted to leverage the advantages that can be afforded them by the blockchain, however the large amount of engineering that was needed to develop blockchain applications as regards their business and the fact that their development team lacked such rare expertise has kept them away from what they know would revamp their business. However, with BUMO's Bu Contract, All Stars Inc has been finally able to enter blockchain space through easy development and application of blockchain technology.

Conclusion

The BUMO network as explained above is one that is ground breaking in terms of blockchain technology. It effectively and efficiently solves the problems of the blockchain which hinder large scale application as currently experienced in today's blockchains. It solves the performance problems of the blockchain and the lack of scalability through its own consensus model known as the BU Firework. It also removes the technicalities of blockchain development through the instrumentality of the Bu Contract. Coming to the lack of free flow of value as well as blockchains being value islands, BUMO surmounts this obstacle through ensuring interoperability across different chains and the formation of an Intelligent IoT Value Chain. The end result of BUMO is therefore a blockchain network that is ready for large scale implementation by large institutions and finally makes for the human race to finally feel the impact of blockchain technology. Welcome to BUMO, Welcome to Blockchain Alpha!!

For more Information, Check out these sources;

submitted by Blezdben to cateredcontent [link] [comments]

[uncensored-r/Bitcoin] Don't panic, just learn. Sixty free lectures from Princeton on bitcoin and cryptocurrencies. Tota...

The following post by ccjunkiemonkey is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7qynvj
The original post's content was as follows:
This video series is available with a community and some assignments on Coursera. For extra creddit the professors wrote a book to go with the course. Free pre-release pdf, Amazon hardcover and digital, as well as Chinese, and Japanese translations.
Enjoy :)
Intro to Crypto and Cryptocurrencies
1.0 Welcome - 2 mins 1.1 Cryptographic Hash Functions - 18 mins 1.2 Hash Pointers and Data Structures - 8 mins 1.3 Digital Signatures - 9 mins 1.4 Public Keys as Identities - 5 mins 1.5 A Simple Cryptocurrency - 14 mins
How Bitcoin Achieves Decentralization
2.1 Centralization vs. Decentralization - 4 mins 2.2 Distributed Conesensus - 13 mins 2.3 Consensus Without Identity: the Blockchain - 17 mins 2.4 Incentives and Proof of Work - 19 mins 2.5 Putting It All Together - 18 mins
Mechanics of Bitcoin
3.1 Bitcoin Transactions - 11 mins 3.2 Bitcoin Scripts - 15 mins 3.3 Applications of Bitcoin Scripts - 14 mins 3.4 Bitcoin Blocks - 5 mins 3.5 The Bitcoin Network - 18 mins 3.6 Limitations & Improvements - 11 mins
How to Store and Use Bitcoin
4.1 How to Store and Use Bitcoins - 6 mins 4.2 Hot and Cold Storage - 13 mins 4.3 Splitting and Sharing Keys - 11 mins 4.4 Online Wallets and Exchanges - 19 mins 4.5 Payment Services - 8 mins 4.6 Transaction Fees - 5 mins 4.7 Currency Exchange Markets - 16 mins
Bitcoin Mining
5.1 The Task of Bitcoin Miners - 10 mins 5.2 Mining Hardware - 23 mins 5.3 Energy Consumption & Ecology - 14 mins 5.4 Mining Pools - 14 mins 5.5 Mining Incentives and Strategies - 23 mins
Bitcoin and Anonymity
6.1 Anonymity Basics - 26 mins 6.2 How to De-anonymize Bitcoin - 18 mins 6.3 Mixing - 21 mins 6.4 Decentralized Mixing - 14 mins 6.5 Zerocoin and Zerocash - 19 mins 6.6 Tor and the Silk Road - 11 mins
Community, Politics, and Regulation
7.1 Consensus in Bitcoin - 6 mins 7.2 Bitcoin Core Software - 10 mins 7.3 Stakeholders: Who's in Charge - 9 mins 7.4 Roots of Bitcoin - 9 mins 7.5 Governments Notice Bitcoin - 9 mins 7.6 Anti Money-Laundering - 5 mins 7.7 Regulation - 11 mins 7.8 New York's BitLicense Proposal - 10 mins
Alternative Mining Puzzles
8.1 Essential Puzzle Requirements - 5 mins 8.2 ASIC Resistant Puzzles - 13 mins 8.3 Proof-of-useful-work - 9 mins 8.4 Nonoutsourceable Puzzles - 7 8.5 Proof-of-Stake "Virtual Mining" - 8 mins
Bitcoin as a Platform
9.1 Bitcoin as an Append-Only Log - 16 mins 9.2 Bitcoin as Smart Property - 16 mins 9.3 Secure Multi-Party Lotteries in Bitcoin - 10 mins 9.4 Bitcoin as Randomness Source - 18 mins 9.5 Prediction Markets & Real-World Data Feeds - 23 mins
Altcoins and the Cryptocurrency Ecosystem
10.1 Short History of Altcoins - 21 mins 10.2 Interaction Between Bitcoin and Altcoins - 15 mins 10.3 Lifecycle of an Altcoin - 15 mins 10.4 Bitcoin-Backed Altcoins, "Side Chains" - 11 mins
The Fututre of Bitcoin?
11.1 The Blockchain as a Vehicle for Decentralization - 14 mins 11.2 Routes to Blockchain Integration - 28 mins 11.3 What Can We Decentralize? - 24 mins 11.4 When is Decentralization a Good Idea? - 16 mins
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

[uncensored-r/Bitcoin] Sixty free lectures from Princeton on bitcoin and cryptocurrencies. Total time 13hr 20min. Links ...

The following post by ccjunkiemonkey is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7m0gu3
The original post's content was as follows:
This video series is available with a community and some assignments on Coursera. For extra creddit the professors wrote a book to go with the course. Free pre-release pdf, Amazon hardcover and digital, as well as Chinese, and Japanese translations.
Enjoy :)
Intro to Crypto and Cryptocurrencies
1.0 Welcome - 2 mins 1.1 Cryptographic Hash Functions - 18 mins 1.2 Hash Pointers and Data Structures - 8 mins 1.3 Digital Signatures - 9 mins 1.4 Public Keys as Identities - 5 mins 1.5 A Simple Cryptocurrency - 14 mins
How Bitcoin Achieves Decentralization
2.1 Centralization vs. Decentralization - 4 mins 2.2 Distributed Conesensus - 13 mins 2.3 Consensus Without Identity: the Blockchain - 17 mins 2.4 Incentives and Proof of Work - 19 mins 2.5 Putting It All Together - 18 mins
Mechanics of Bitcoin
3.1 Bitcoin Transactions - 11 mins 3.2 Bitcoin Scripts - 15 mins 3.3 Applications of Bitcoin Scripts - 14 mins 3.4 Bitcoin Blocks - 5 mins 3.5 The Bitcoin Network - 18 mins 3.6 Limitations & Improvements - 11 mins
How to Store and Use Bitcoin
4.1 How to Store and Use Bitcoins - 6 mins 4.2 Hot and Cold Storage - 13 mins 4.3 Splitting and Sharing Keys - 11 mins 4.4 Online Wallets and Exchanges - 19 mins 4.5 Payment Services - 8 mins 4.6 Transaction Fees - 5 mins 4.7 Currency Exchange Markets - 16 mins
Bitcoin Mining
5.1 The Task of Bitcoin Miners - 10 mins 5.2 Mining Hardware - 23 mins 5.3 Energy Consumption & Ecology - 14 mins 5.4 Mining Pools - 14 mins 5.5 Mining Incentives and Strategies - 23 mins
Bitcoin and Anonymity
6.1 Anonymity Basics - 26 mins 6.2 How to De-anonymize Bitcoin - 18 mins 6.3 Mixing - 21 mins 6.4 Decentralized Mixing - 14 mins 6.5 Zerocoin and Zerocash - 19 mins 6.6 Tor and the Silk Road - 11 mins
Community, Politics, and Regulation
7.1 Consensus in Bitcoin - 6 mins 7.2 Bitcoin Core Software - 10 mins 7.3 Stakeholders: Who's in Charge - 9 mins 7.4 Roots of Bitcoin - 9 mins 7.5 Governments Notice Bitcoin - 9 mins 7.6 Anti Money-Laundering - 5 mins 7.7 Regulation - 11 mins 7.8 New York's BitLicense Proposal - 10 mins
Alternative Mining Puzzles
8.1 Essential Puzzle Requirements - 5 mins 8.2 ASIC Resistant Puzzles - 13 mins 8.3 Proof-of-useful-work - 9 mins 8.4 Nonoutsourceable Puzzles - 7 8.5 Proof-of-Stake "Virtual Mining" - 8 mins
Bitcoin as a Platform
9.1 Bitcoin as an Append-Only Log - 16 mins 9.2 Bitcoin as Smart Property - 16 mins 9.3 Secure Multi-Party Lotteries in Bitcoin - 10 mins 9.4 Bitcoin as Randomness Source - 18 mins 9.5 Prediction Markets & Real-World Data Feeds - 23 mins
Altcoins and the Cryptocurrency Ecosystem
10.1 Short History of Altcoins - 21 mins 10.2 Interaction Between Bitcoin and Altcoins - 15 mins 10.3 Lifecycle of an Altcoin - 15 mins 10.4 Bitcoin-Backed Altcoins, "Side Chains" - 11 mins
The Fututre of Bitcoin?
11.1 The Blockchain as a Vehicle for Decentralization - 14 mins 11.2 Routes to Blockchain Integration - 28 mins 11.3 What Can We Decentralize? - 24 mins 11.4 When is Decentralization a Good Idea? - 16 mins
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

The 🐳 1000 dollars twitter giveaway

the 1000 dollars twitter contest
Today at 05:29:26 AM
   #1
Please retweet and follow me Here is the contest
https://twitter.com/larry17816139/status/939341918026248192 The bot is here The Beginner License is the perfect license for inexperienced traders who want to learn how to utilize Haasbot’s basic features. The Beginner License is also ideal for traders who have not previously used any bitcoin automation tools and want to get a feel for how the software will work for you. The Beginner License is limited by the types of safeties, indicators, insurances, and can only run 2 of each bot type at one time, for a total of 8 bots (2 of each). Beginner License
0.05BTC 3 Month Period Maximum Trade Bots: 2 Maximum Arbitrage Bots: 2 Maximum Order Bots: 2 Maximum Script Bots: 2 Beginner License Safeties Beginner License Indicators Beginner License Insurances Candlestick Patterns Excluded Web Server Interface Included API Access Backtesting Included Auto-Tuning Included
The casino system
Have you been looking for a Bitcoin gambling script? If so, you are on the right page to end your search. Our Bitcoin Gambling Script comes with provably-fair dices, multiple interactive games, a Bitcoin faucet and user interaction options including forums and a live chat for your users.
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Our Bitcoin gambling script is vested with bullet-proof security, and uses CoinPayments API for payments. The script also contains a referral system to help your faucet grow beyond borders easily, and Satoshi Snakes to help you to generate your impressions and earn more ad-revenue. The script is also built on Bootstrap, so expecting a brilliant UI won't be a mistake.
The script also comes with great features to promote user activity and engagment. The script contains a chat-box so that your users can communicate effectively, generating more impressions and interaction, and user engagement. The script also contains a Contact form so that your users can stay in contact with you. You can also use the in-built forum system for mass public interaction. Forums further allow you to interact with your users in an effective way, and generate more ad impressions to increase your earnings. You can easily maintain the site with our fully-featured admin panel which contains ability to change settings, manage accounts, perform withdrawals and other necessary functions.
Key Features Included:
Bitcoin Faucet Satoshi Snakes Fortune Hunter Roll Dice Hi-Lo Dice Lottery/Raffle Other Important Features Included:
News Page Forum Page Contact Page Admin Panel Verify Rolls Page Everything In The Nutshell:
Bitcoin Gambling script is easy to use and stable. Expecting high-performance wouldn't be a mistake. Who prefers gambling without provably fair algorithm? No one. It's provably fair, and safe. No hacks, no bots. Script's source is easy to edit, and goes easy on your eyes. No poorly developed code. Let your users deposit and withdraw instantly with integrated CoinPayments API. Increase your activity and revenues with our in-built faucet. It's well proven, and safe from bots. We promise. Let your users spend their boring time with your Satoshi Snakes game. Pay them for each block collected, build your site's activity. Let your users roll dice and let your users win random amounts - this builds activity and trust. Provably fair! Let your users bet, and test their luck. This is all provably fair! No trouble for you! Let your users test their luck! Set raffle contests and accumulate huge amounts of deposits to your contest! Sounds cool, right? Your users can build automatic bots to bet at the games. We've a decent API for your users. Give your users a voice! Let them interact at chatting room and forums! It's well trusted, hugely used and is considered one of the best scripts in the industry. Webmasters have noticed a decline of 90% in bot activity at their sites after switching to our script. Box Contents:
Four provably fair dice games Multiple other games Raffle and lottery contests Faucet Chat and forums Free updates Great support
The faucet site Have you been looking for a Bitcoin faucet script which comes with a proper anti-bot protection? If so, you are on the right page to end your search. Our Bitcoin Faucet Script is stuffed with the features you seek to kickstart your faucet on the interwebs. Our Bitcoin faucet script includes marvelous features like robust anti-bot protection, anti multiple account protection, live chat and forums to enhance the user activity.
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The script's highly optimized for faster execution, uses clean and secure code, along with a decent admin-panel for management of day-to-day affairs of your website. The script is fully featured and easy to use. The script further contains instant payouts (payouts right when user clicks Withdraw button), and mass-payouts (auto-pay everyone with one click). The script contains one of the strongest anti-bot and multiple account system in the industry. That's true, we take multiple measures to slay bots and multiple account users.
Our Bitcoin Faucet script is vested with bullet-proof security, and uses BlockTrail API for payments. The script also contains a referral system to help your faucet grow beyond borders easily, and Satoshi Snakes to help you to generate your impressions and win more. The script is also built on Bootstrap, so expecting a brilliant UI won't be a mistake.
Games Included
Coin-Flipper Grid-Game Guess the Number The script also comes with great features to promote user activity and engagment. The script contains a chat-box so that your users can communicate effectively, generating more impressions and interaction, and user engagement. The script also contains a Contact form so that your users can stay in contact with you. You can also use the in-built forum system for mass public interaction. Forums further allow you to interact with your users in an effective way, and generate more ad impressions to increase your earnings. You can easily maintain the site with our fully-featured admin panel which contains ability to change settings, manage accounts, perform withdrawals and other necessary functions.
Our Bitcoin faucet script is your best choice for starting your own simple, fully-featured, secure Bitcoin faucet. It's not only a Bitcoin faucet script, but also a Swiss Army Knife. Every month, we add more features to keep it one of the strongest Bitcoin faucet script on the web. You can also ask us to make addons for your faucet at an additional cost.
In a Nutshell
Robust, flexible, secure and easy to use. High performance, beautiful code, and efficient. Contains News system. Contains Gaming system. Contains Contact form. Login/Register based website. ReCaptcha and SolveMedia captcha to slay bots. Secure anti-bot system. Bans bots and multiple accounts automatically. Profiling system. Chating system. Uses BlockTrail for payments. Includes forums to generate more impressions. It's well trusted, hugely used and is considered one of the best scripts in the industry. Webmasters have noticed a decline of 90% in bot activity at their sites after switching to our script. Box Contents
Multiple games Faucet Chat and forums Great support
submitted by backalleybitcoin to u/backalleybitcoin [link] [comments]

09-19 18:52 - '[Bitcoin] Teach you how to easily get Bitcoin - 4 reliable faucets' (self.Bitcoin) by /u/bitbitfaucet removed from /r/Bitcoin within 0-9min

'''
[Get a bitcoin wallet]
First of all, you have to get a Bitcoin wallet, as if the Internet bank account, you can store your bitcoin, or even trading. There has a lot of companies to provide this type of service, according to different platforms have different attributes.
I am using [link]1 , this is more famous and safe.
With a wallet, you can get your bitcoin!
[Free method to get bitcoin]
Some sites called Bitcoin Faucet, will regularly pay you bitcoin , as long as the user every time press the button or visit their site, will give you bitcoin. You might think that this world will not have free lunch! In fact, they just give us the profit of advertising, so that more people to visit their website!
Most BitcoinFaucet registration is very simple, an email and set up a password then finish.
The following will briefly introduce some faucet that i am playing:
i) FreeBitcoin (highly recommended)
FreeBitcoin began operation in 2013, is the oldest and most reliable faucet, now registered user has 7 million people.
Registration link: [link]2 (with email or wallet address can apply)
Let me introduce each of the above columns one by one :
1.FREE BTC
Very simple, press the Roll button once every hour, then see you get that number and then decide how much you get, the highest can be worth $200 dollars. The bitcoin u get will be inversely proportional to the current price adjustment, so it will often change, it is normal!
2.Multiply BTC
This is a betting game, there are some online betting strategy or script can refer to increase the chance to win! Remember not to use the same strategy for too long, otherwise you will lose miserable!
  1. EARN BTC
In addition, if you put more than 30000satoshi (ie 0.00030000BTC) in which there will be interest income, the annual interest rate is about 4.08%, the return is very good! Daily payment!!
  1. LOTTERY
When you press Roll every time there will be a lottery ticket, and then you can participate in a lucky draw once a week, up to 2-3 BTC. The more the lottery ticket, the higher chances of winning!
  1. REWARDS (bonus points)
Each press finished Roll, not only the lottery ticket, but also two bonus points, you can use for some bonus point to trade up to 1000% FREE BTC BONUS.
Registration link: [link]2
This site I had played for almost a year, the income is pretty good! Moreover, there will be some bonus activities at weekend, e.g. extra reward point. It's absolutely credible, very recommend to everyone!
ii) Coinpot series
BitFun (get paid every 3 minutes) Registration link: [link]4
Moonbit (get paid every 5 minutes) Registration link: [link]5
Bonus bitcoin get paid every 15 minutes) Registration link: [link]6
The payment from these three faucet will automatically send to coinpot which called microwallet. The advantage of this can increase the payout speed since every faucet have a minimum payout limit.
Coinpot registered: [link]7
Personally think Bitfun is the most easy to earn, one day can have 4-5 thousand satoshi, the other two about 2-3 thousand.
'''
[Bitcoin] Teach you how to easily get Bitcoin - 4 reliable faucets
Go1dfish undelete link
unreddit undelete link
Author: bitbitfaucet
1: *l*ckc*ain.info* 2: goo.gl/yVsJy3 3: goo.gl/yVsJy3 4: goo.gl/XM5fF7 5: goo.gl/XmFMDC 6: goo.gl/YCbyLb 7: c**npot.co*
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Decred - An Overview

Decred is an open, progressive, and self-funding cryptocurrency with a system of community-based governance integrated into its blockchain. At its core is a hybridized proof-of-work proof-of-stake (PoW/PoS) consensus system that aims to strike a balance between PoW miners and PoS voters to create a more robust notion of consensus. The project is a result of the theoretical proposals brought by proof-of-activity (PoA) and MC2 in 2013. Decred development started in April, 2014 with a single developer and expanded to include developers from btcsuite shortly thereafter.
Decred is built in the spirit of open participation and we have provided below a full disclosure of the technical features of the system, wallets and mining, initial funding and distribution, project governance and development, and a group contribution timeline. We hope to launch mainnet on January 18th, 2016, and will provide additional details in this thread. Everyone is welcome to participate, and you are certainly welcome to join the development and project groups if you have interest in contributing to our efforts!
i. Technical Features
The features below are implemented in Decred and will be available in full at launch. For a deeper description, please consult the Decred Technical Brief (DTB001).
•Novel hybridized proof-of-work/proof-of-stake (PoW/PoS) consensus system - A decentralized lottery is used to select PoS miners to vote on PoW blocks. The PoW and PoS subsidies account for 60% and 30% of each total block subsidy, respectively. This system is based on that of MC2, which is very similar to, but developed independently from, Proof-of-Activity (PoA) by Iddo Bentov, Charles Lee, Alex Mizrahi and Meni Rosenfeld. •Cold staking and decentralized stake pooling - The ability to generate new coins without the risk of having your coins online when PoS mining. The PoS mining system has also been engineered with distributed, decentralized stake pooling in mind, so that even those with small amounts of stake can participate in network validation. •Internal voting system for the addition of new features and hard or soft fork selection - Both PoW and PoS miners can vote for features and issues through bit flags, providing a sensible mechanism for resolving disputes about the features of the blockchain. •Immutable transaction hashes ("transaction IDs") by separating transaction signatures from the rest of the transaction data - A permanent fix for transaction hash malleability has been implemented that prevents mutability of the transaction hash by separating it from its input signatures. This allows more efficient SPV validation. Fraud proofs have also been added. •Elliptic curve cryptography over secp256k1 with optional Curve25519 support - The Bitcoin scripting system has been modified to allow for simple, drop-in addition of new elliptical curve digital signature algorithms. •Schnorr signatures with threshold n-of-n support - In addition to supporting Schnorr signatures, groups of signers can now jointly sign transactions off-chain in constant size signatures, ensuring higher privacy and less blockchain bloat. •Script enhancements and new OP codes - New OP codes have been added to the existing Bitcoin scripting engine, and extensions for the plug-in use of future scripting engines have been added. •PoW mining using BLAKE256 hash algorithm - Inspired by Bernstein's Chacha stream cipher, SHA3 finalist BLAKE256 offers speed as well as high security. •Compatibility with Bitcoin transaction scripting system - Decred's scripting system has been derived from Bitcoin's with care in ensuring that all future updates to the Bitcoin transaction script will be easily extensible to Decred. Further, any newly created functionalities will also be devised with backwards compatibility with Bitcoin in mind. •Modularized, easy-to-use Golang btcsuite codebase - Thanks the to the codebase inherited from btcsuite, adding new features to the daemon or wallet will be facile. Decred will episodically sync updates from btcsuite, so that it benefits from the latest developments in Bitcoin. •Hierarchical deterministic (HD) wallets - Wallets use a seed to deterministically generate addresses, so your wallet can be restored from a single BIP0032 seed. •Transaction expiration - Transactions have a new expiration field to prevent inclusion into the blockchain after a certain height. •Patches for intrinsic Bitcoin bugs - Extra push for multisignature scripts has been removed, SIGHASH_SINGLE behavior has been corrected. •Approximately 21 million coins - Exponential decay in subsidy or the number of coins generated per year. •Self-funded development via block subsidy - In order to have an ongoing source of funding for development work, a consensus rule has been added to allocate 10% of each block subsidy to a development organization. This entity is transparent and responsible for funding development work performed by current and new developers so that the project remains sustainable without a funding dependence on outside forces in the future. Decred therefore improves with growth in a sustainable way and is accountable only to its users.
ii. Wallets and Mining
•Web wallet service - In order for users to have access to a GUI on all platforms, we have created a web wallet service forked from BitPay's Copay wallet and its dependencies. This wallet allows users to access all the basics with Decred: sending and receiving coins, multisig transactions. •Command-line wallet - For more advanced users, we have a command-line wallet, dcrwallet. dcrwallet allows users to mine PoS and collect rewards by participating in the PoW/PoS consensus system. •Simple GPU miner - A simple AMD GPU miner that connects to a local daemon will be available before launch. In the future, proper getblocktemplate functionality will be enabled and pool software will be made available.
iii. Initial Funding and Airdrop
Decred opted for a different funding model in an attempt to shift the risk carried by supporters to the developers of the project. Instead of asking interested parties to fund the development of the software, the developers decided to pool funds together and carry the project to completion before making it public. The consensus was that this is an ethical path given the realities of funding software development, due to the fact that the developers alone carry the risk of the project failing, whereas in the past potential users were expected to pay for coins before any code was written. We felt this was unjust.
The development of Decred was funded by Company 0 and from the pockets of its developers individually. The cost of developing the project, in terms of developer pay, totals to approximately USD 250,000, which Company 0 paid to developers. An additional amount of approximately USD 165,000 has been allocated for unpaid work and individual purchases by developers. We felt that the most equitable way to handle compensation for these expenses was to perform a small premine as part of the project launch. The model is unusual in that no developer received any amount of coins for free - all coins owned by developers will either be purchased at a rate of USD 0.49 per coin from their own pockets or exchanged for work performed at the same rate.
The premine consists of 8% of the total supply of 21 million coins, meaning the premine consists of 1.68 million coins. Rather than allocating the entire premine to the bring-up costs, we decided to split the premine equally between compensation for bring-up and an "airdrop", where we freely give an equal amount of coins to a number of airdrop participants. This means Company 0 and its developers will have put roughly USD 415,000 into the bring-up since April, 2014 and receive 4% of the total supply, 840,000 coins (at USD 0.49 per coin). The remaining 4% will be spread evenly across a list of airdrop participants as part of an effort to build the Decred network and decentralize its distribution. Coins held by Company 0 will be used to fund its ongoing work on open-source projects, such as Decred and btcsuite.
Giving away these coins in an airdrop allows us to accomplish several things at once for the project: enlarge the Decred network, further help decentralize the distribution of coins, and allow us to get coins into the hands of people who are interested in participating in the project. Decred is fundamentally about technological progress, so the airdrop will target individuals that have made contributions to advance technology in its various forms. The maximum number of airdrop participants is capped at 5,000 individuals, so we recommend registering sooner rather than later. These coins will be given away unconditionally and there is zero expectation of Decred receiving anything from you in return for these coins.
Sign up for the airdrop is currently open, but the airdrop registration will commence on January 4th, 2016. People who have been selected to participate in the airdrop will receive an email that contains a link to a web registration form. This form will require airdrop participants to enter an address to which their coins can be sent. Binaries and source code will be made available so that you can generate a wallet seed and an address for your airdrop coins. Once you have entered your receiving address into the airdrop webform and submitted it, you will receive your coins on the projected launch date of January, 18th, 2016.
iv. Project Governance and Development
In addition to the technical features that make up the technology, Decred as a project introduces several development and governance features and proposals to ensure and steer long-term growth. We encourage participants to discuss these topics earnestly, as we want to ensure the system of development and governance is built on a solid foundation.
•A multi-stakeholder development ecosystem that welcomes and empowers participants who want to build new functionality and improve on existing features. •Any party can submit feature proposals and developers are paid for work to fulfill requirements. This is done in full view of the community in a system designed to fight against ingroup-outgroup dynamics. •The initial contributors are the developers responsible for btcsuite (est. early 2013 - present). •A proposal for a layered form of transparent meritocratic governance that extends beyond proof-of-work and proof-of-stake mechanisms to bring forward and represent insider and outsider voices in the community. •A proposal for bottom-up decision-making through the Decred Assembly, an evolving and inclusive list of community members who make non-financial contributions to the project through their work and effort. •The project is bound by the Decred Constitution on the core principles of finite issuance, privacy, security, fungibility, inclusivity, and progressive development of the technology that keeps these principles together.
v. Group Contribution Timeline
Below are key points of free and open-source contributions made by the Decred developers to the digital currency ecosystem since 2013. The largest of which is the btcsuite package, which comprises a suite of packages and tools for working with Bitcoin in Golang, and includes btcd, a full node, mining capable, Bitcoin implementation. To date, the total contribution across btcsuite represents 98,046 lines of code, 44,576 of which are test coverage.
vi. Additional Information
Website: https://decred.org Forum: https://forum.decred.org Wiki: https://wiki.decred.org Reddit: https://reddit.com/decred Twitter: https://twitter.com/decredproject IRC: #decred on irc.freenode.net
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The case for Ethereum: general-purpose vs special-purpose blockchains

Bitcoin and Alt-coins are Special-Purpose Chains

What's the difference between a general-purpose blockchain and a special-purpose blockchain? Let's start with bitcoin, the original special-purpose chain for computing and comparing sha256 hashes. Bitcoin users started the chain by mining on generic x86 (general-purpose) CPUs. But because sha256 hashing is a specific computation, btc mining is now dominated by Application Specific Integrated Circuit (ASIC) hardware. Litecoin is another special-purpose chain, except it computes scrypt hashes (some manufacturers are already started shipping scrypt ASIC miners). There's also a Primecoin for computing prime numbers, and a bunch of other special-purpose chains commonly known as alt-coins.

Special-Purpose Chains: Backend and User Perspective

How does it work when we want to use the services provided by separate special-purpose chains? Let's look at the granddaddy of alt-coins, namecoin, which like bitcoin uses sha256 hashes. Additionally, it also provides some standard namecoin script opcodes for associating plaintext pseudonyms with unique addresses (public/private keypairs), so namecoin addresses can register and "own" domain names or identities/handles. Let's say you want to use bitcoins to purchase a namecoin .bit domain that its owner is selling. What does it take to get these two special-purpose blockchains (bitcoin and namecoin) to interact with each other? The immediate option (and the only one available today) is a centralized service running a web server in front of both p2p daemons (as nodes of their respective networks, bitcoind and namecoind). That centralized service is a BTC/NMC exchange, and maybe it has an interface allowing you to register "dot-bit" names (otherwise you'd have to open up two separate wallets - one for each coin). The centralized exchange is a trusted third-party that holds in escrow the BTC and NMC of each user (whose coins could be stolen by a dishonest exchange operator).

A General-Purpose Chain: Backend and User Perspective

So how is using a unified general-purpose chain different from a special-purpose one? On the Ethereum general-purpose chain, each service is provided by some "DApp" (distributed app "hosted" by all ethereum miners). A DApp is an interface to a specific "contract", running at some address on the blockchain. For instance, to register a name, you would open the EtherNames DApp in the ethereum client's built-in browser, type in the name you want to register, and "send" the registration as a transaction with data. There's no need to copy and paste addresses since the Ethereum client provides hooks for seamless wallet access inside every DApp. The registration transaction is sent to the EtherName DApp's contract address, which is running some variant of the namecoin contract code. A specific contract gets initialized at a particular address by some untrusted third-party individual/entity (the DApp author). The contract author is not trusted, all the author does is upload the contract code and pay the initial "gas" fee. The contract code is independently executed and verified by each ethereum miner as part of a single atomic transaction. Atomicity means that the ledger database updates are all-or-nothing, so no user has to worry about the risk of having to pay first because any and all transactions needed to fulfill a contract are guaranteed to occur within the same block, or the contract is broken and won't run at all. Think of Ethereum contracts as interconnected threads in a big web of complex multi-sig transactions of Ethers and contract-specific sub-currencies, all of which run atop the same unified blockchain.

Special-Purpose Chains: Developer Perspective

From the developer's perspective, operating a service that uses two separate special-purpose chains requires maintaining both blockchains (upgrading separate software, providing enough processing power, disk space, and bandwidth for each chain). It also requires maintaining user accounts, as well as wallets on two separate chains (multiplied by the number of users). Hosting a server is needed to run both the namecoin daemon and bitcoin daemon (unless outsourced to a centralized API). The web developer will need to maintain a web server and app stack such as LAMP (Linux Apache Mysql Php) or MEAN (Mongodb Express Angular Node). Finally, the service must hold the users' deposits of bitcoins and namecoins in secure hot wallets and offline cold storage, keeping them safe from hacker thieves. Altogether, every service operator needs to independently maintain a separate full-stack system, which can be a herculean effort.

A General-Purpose Chain: Developer Perspective

A service operating on Ethereum has a DApp backend hosted right on the blockchain, maintained by miners (who earn gas fees). A developer simply authors the contract code and pays the gas fee to initialize it on the blockchain, which is much easier than forking an alt-coin to start yet another genesis block. DApp's do not need a separate API for access and integration by other developers; authors just name functions inside a contract, directly exposing an API (with optional fee-per-use) that enables message calls from any other Ethereum DApp. Also, DApp authors do not need to maintain user accounts, since the users interact with the DApp directly on the blockchain through their ethereum addresses. Nor do DApp authors need to maintain user wallets since private keys stay private in a decentralized system. Unlike the current convention where coins are deposited to a wallet address controlled by some third-party, in a truly decentralized system private keys are only used for signing transactions as inputs to contracts.

Meta-Coins as Feature Specs

Meta-coin protocol extensions like Colored Coins, MasterCoin, and CounterParty work by organizing a group of users who agree to interpret bitcoin transaction data according to some metadata specification, supplementing the base rules of the bitcoin protocol. For example, MasterCoin specifies creating multisig 1-of-n bitcoin transactions and encoding data in the n-minus-1 unused public keys. In the meta-coin approach, each feature or "contract" is specified in the meta-protocol. Two MasterCoin features are registration of a data stream and the creation of a sub-currency, these are baked into the specification and reference client alongside the other features. While you can register new data streams and sub-currencies, if you want to create a new contract that is some kind of a hybrid between a data stream and a sub-currency, such as a call/put option or a Contract For Difference (CFD), it would need to be implemented directly in the reference client, and unlocked as a feature at some future block number. Implementing new features in a meta-coin protocol that doesn't have a scripting language requires specifying them directly in the protocol and must be effected at the organizational level.

Scripts and DApps vs Forks and Features

Embedding a scripting language into a crypto-currency gives it the same kind of extensibility that gamers crave in video games. Scripts empower players to create "mods" and customize their game-world with new levels, characters, and maps. In the crypto-currency world, scripting allows for the extension of a plethora of decentralized features such as trading, lotteries, and ecommerce, all atop a shared, compatible platform. Bitcoin has a scripting language, but with severe limitations including: lack of loops, binary state variables limited to spent or unspent transaction outputs, and blockchain blindness. The difficulty of using bitcoin script has in effect given rise to a landscape of competing alt-coins and meta-coins with incompatible protocols. The preferable route, and vision of Ethereum, is to foster a fully-featured ecosystem of compatible, interacting DApps. Providing a Turing-complete scripting language on a general-purpose blockchain with message calls between contracts stimulates adoption of Ethereum as a shared decentralized Operating System and kernel.

Decentralized House, Decentralized Dealer

Consider the concept of a decentralized lottery. In a semi-decentralized lottery that is merely provably fair, although the operator is not capable of altering any particular dice outcome, he can simply shut down the service immediately after a big winning bet comes in, scamming the user of his money and winnings. But in a fully decentralized lottery, the mechanism for distributing the winnings is written into the contract itself (open-source and audited by users), so no central operator is needed. While writing such a contract in bitcoin script is theoretically possible (see pages 12-15), to my knowledge none has been implemented. In practice, it is easier to create a LottoCoin as a special-purpose alt-chain. In contrast, writing a script on the Ethereum platform for a fully decentralized lottery is not only feasible but relatively easy.

Conclusion

The limitations and difficulties of using bitcoin script to implement decentralized features natively on the bitcoin blockchain has resulted in a fragmented ecosystem of incompatible, competing alt-chains and meta-coins. While it is theoretically possible to use bitcoin script for complex contracts like cross-chain atomic trading, practical implementations of such features have yet to be achieved (to my knowledge). On the other hand, Ethereum focuses on providing an easy-to-use scripting language for implementing advanced contracts on a general-purpose blockchain. Ethereum's extensible platform enables the realization of advanced decentralized features that previously were inaccessible.
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