Binance launcht Testnet für Binance DEX - Blockchain Hero

Bitcoin XT - discussing Satoshi's Vision

A subreddit focused on providing open discussion on all things Bitcoin (BSV).
[link]

“HorseChain - Introducing the New Platform to Launch on Binance DEX Testnet” by HorseChain #crypto #bitcoin #ethereum #blockchain #btc #HorseChain

submitted by bountycvn to ico [link] [comments]

#Binance lança testnet #BinanceDex http://bit.ly/2TXmdQ6 #EmbraceTheFuture #GeraçaoBitcoin #BitcoinGeneration #Blockchain #Bitcoin #BTC #Bit4all #BitcoinPortugal #Portugal

submitted by anthagas to bitcoinPT [link] [comments]

Introducing Bondly…

Introducing Bondly…
For us who use Decentralized Finance (DeFi) as a common term, we know it represents an enormous shift in how we transact with one another: borrowing money, exchanging currencies, how we view insurance, etc. While total assets involved in DeFi still seem to be increasing right now, there are various factors that will prevent us from growing further.
DeFi’s largest barriers for adoption
Interoperability — Right now Ethereum gas fees seem like they are always increasing and ETH 2.0 may still be 6 months or more away. We need the ability to make DeFi more accessible to individuals who can’t afford high gas prices per transaction and start including native blockchain assets that are stranded on other platforms.
Trust — Unfortunately our biggest issue is still trust. While none of us in crypto expect to know the identity of the other party, many of us just send funds to people we don’t know for vague promises of more wealth. In fact, the biggest type of fraud is still the “giveaway scam” which asks offer to send something back — but its only an offer, there is no guarantee. This is totally unsustainable.
What about doing business outside of crypto?
Ultimately, DeFi doesn’t keep going unless we create methods for non-crypto native businesses to integrate. While the community might approve sending crypto to each other without a safety in place, this will never work for 99% of online marketplaces.
So we need:
  • DeFi options on lower cost platforms
  • Trading across blockchains
  • Safer Transactions
  • More flexibility for peer to peer transactions
  • Easier methods for online marketplaces to integrate and use crypto
This is why we created Bondly.

https://preview.redd.it/5gs8v5ce1hu51.png?width=1400&format=png&auto=webp&s=fade2f7576626022460b7882f379552d44b678c7
Bondly is a brainchild of over 3 years of working in fintech digital escrow payments + love for native DeFi. Adding our cumulative 13 years of traditional financial services, 6 years of eCommerce marketing, 4 years of Ethereum blockchain development, we think this will be one of the most important next steps in DeFi.

What is Bondly?

Bondly is a trusted, transparent and portable swap protocol designed to make you into a marketplace.
Our family of trust-enabling, DeFi products are designed to be a part of your everyday buying and selling activities, giving you piece of mind for your next swap or online purchase.

BONDSWAP (BSWAP)

Similar to Binance OTC Trading Portal but directly on-chain and can be sent via any chat app using different blockchains
Wallet to Wallet trustless Over the Counter (OTC) trades that are performed by signing a smart contract. Completely portable smart link can be sent via a chat app or on your favorite social media. It will first support all ERC-20 tokens and NFT (Ethereum) then eventually
With BSWAP you can:
  • Sell a large order of a low liquidity token with no risk of slippage
  • Become your own NFT marketplace by minting the token, setting your own price, then post to your social media for your audience to buy
  • Buy assets using Debit/Credit card (using our third party partner onramp)
  • Send smart link in Telegram to someone you know or your favorite group

BOND DEX

Similar to Mooniswap but includes rewards token provided to Liquidity Providers on top of fee share
Interoperable Decentralized Exchange (DEX) thats easy to use and blockchain agnostic. Requires liquidity provider (LP) participants to pool assets for a portion of transaction fees along with rewards APY rewards. Our pricing engine will compare major cross chain swap options and will let you know the best one to use (even if its not us). Validation is done directly within your Web3 browser (with Metamask) or polkadot.js based Native Wallet.
With BOND DEX you can:
  • Trade native assets on Polkadot with USDC on Ethereum
  • Get recommendations on the cheapest bridge transaction path
  • Create your own asset pairs that otherwise might not exist

BOND PROTECT (BPROTECT)

Similar to Paypal/AliPay Express Buyer Protection combined with Escrow.com with a simple UX like Zapper.fi or Zircon
This is our most revolutionary product that we feel will have the largest impact to the eCommerce market.
PROTECT is decentralized escrow and buyer protection for customers of crypto friendly marketplaces.
  • Designed to replace all site specific crypto escrow products with an easy to use API and completely smart contract driven product. Marketplaces may still be in a ‘validator’ role for the marketplace transaction but now they don’t have direct access to funds. This mitigates misappropriation by the marketplace along with exit scamming
  • By participating in the Bondly network, marketplace vendors can represent themselves as BPROTECT ready and show their on-chain transaction history and successful Bondly enabled deals
  • BPROTECT will have a similar UX to Zapper.Fi that will pull this vendors on chain activity and history into one place across ethereum and our native substrate chain so you can see their status and history
  • Functions as a ‘Buyer Protection’ similar to most major marketplaces, where customers are protected by collateral within Bondly
  • First customers will be marketplaces that sell digital goods like Domain Names and In-Game items and that support crypto payments already. Existing domain name credentials and ownership will be wrapped in an NFT and swapped for requested crypto directly
  • Requires that the marketplace itself stakes Bondly collateral as well as each individual marketplace vendor
  • COMPLETELY UNDERCUTS the whole ‘fake review’ industry which is prominently used to inflate value on sites like Amazon.com
With BPROTECT you can
  • Give more trust to your buyers that you will provide the purchased asset in a timely fashion
  • As a buyer you can request sellers to use this method so you have more trust
  • Sell an asset via OTC that you do not have yet (e.g. waiting for vesting) by staking collateral in the Bondly network
  • Set up recurring payments from individuals to vendors that can deduct from your account every month, similar to a Netflix subscription completely crypto enabled

How does BOND PROTECT work?

For individual OTC Trades:
  • Seller stakes collateral and ensures the buyer will receive asset by a specified date or with a specific condition
  • If agreement is violated, collateral is forfeited and transferred to the buyer
For Marketplace Vendors:
  • Vendors stake collateral (earning staking rewards for doing so)
  • Should a vendor violate a sale condition (e.g. not deliver a good on time), BOND collateral is provided to buyers as compensation
  • Each sale is recorded on-chain for transparency
  • Vendors who provide extended positive service with a long term history are rewarded through our staking/LP rewards program

https://preview.redd.it/3t8a39rh1hu51.png?width=737&format=png&auto=webp&s=6c9e1f41cc862859bbee1e263f740bbe6a106057

Bonding with Polkadot

As our ‘sibling’ projects Darwinia and Bifrost have realized, Polkadot and using Substrate represents a phenomenal step forward in interoperability.
It offers:
  • Total flexibility for building a cross asset non-custodial token bridge
  • Seamless integration of our partners/peer bridges between infrastructure
  • Built in network security
  • Efficient token standard indexing for every type of asset in every type of blockchain
We don’t have Digital Money without Bitcoin; We don’t have Smart Contracts and DeFi without Ethereum; We don’t have true interoperability without Polkadot and Substrate.
In a future article we will talk more about our Kusama testnet release.

Whats next for BONDLY?

BONDSWAP for Ethereum, the first formal product release, will be available soon (so hold off on your OTC transaction until then). This will include support for the Bondly staking program. Detailed roadmaps for the other products will be announced soon!
In the meantime we will be making additional articles (but not limited to) the following topics:
  • Our first BPROTECT marketplace customers
  • The BONDLY Liquidity Marketplace
  • Partnership Announcements
  • Team Details
Please join our community and sign up for the alpha! We are so excited to share more with you soon!
Web: https://www.bondly.finance/
Twitter: https://twitter.com/BondlyFinance
Telegram: t.me/bondlyfinance
submitted by BondlyFinance to u/BondlyFinance [link] [comments]

Cardano Weekly Discussion and Question Thread - February 03, 2020

Hello everyone,
Welcome to the Cardano Weekly Discussion and Question Thread, a place where all things crypto can be discussed and asked on a weekly basis!
Rules:
Note: Questions collected will be summarized and answered at the end of the month. Please be aware that it can take some time to get questions answered. Thank you for understanding.
submitted by AutoModerator to cardano [link] [comments]

Crypto Weekly News — October, 16

What important crypto events happened last week?

Cryptocurrencies

Tether To Replace Ethereum As The Second Largest Market Capitalization. According to Bloomberg analysts, the Tether (USDT) stablecoin may take the second place in the rating of the largest digital currencies in 2021. Thus, Tether will displace Ether (ETH) at this position. At the moment, the capitalization of ETH and Tether is about $42.066 billion and $15.737 billion, respectively. Recently, stablecoin knocked the XRP token from the third place in the ranking of the most popular cryptocurrencies.
DeFi Token Maker Sets New TVL All-Time High As Crypto Market Takes Pause.
Maker, one of the first tokens, continues to grow, setting new all-highs in total locked away value, which indicates the core stability of the DeFi markets.
Bitcoin SV Will Sponsor The Cambridge University Metanet Society.
Bitcoin Association, a Swiss-based organization, working to advance business with the Bitcoin SV blockchain, has announced its intention to sponsor the Cambridge University Metanet Society for the second year in a row. The company hopes that this will help nurture a new generation of Digital Finance professionals and bring together the brightest minds in developing new projects.

Projects And Updates

Ethereum Foundation Introduces New Smart Contract Language ‘Fe’ For The Ecosystem.
The Ethereum ecosystem has introduced a new language for writing smart contracts named Fe, which was announced by the software engineer of the Ethereum Foundation Christoph Burgdorf. Today, most applications on Ethereum are written in the Solidity language. The company believes that having additional programming options will have a positive impact on the development of the ecosystem.
Gate.io Unveils Hardware Crypto Wallet With Fingerprint Authorization.
Gate.io Exchange announces a new hardware Wallet S1 with fingerprint recognition technology. Using biometrics will both better protect the user's keys and make it easier to work with them. Initially, for the China market, it will be available in other countries in the following months.
Ethereum 2.0 Gets Closer: Zinken Testnet Successfully Launched.
The developers of Ethereum started up the final test network Zinken before moving to the actual launching main ETH 2.0 network. According to Danny Ryan, lead coordinator for Etherium 2.0, the test genesis process went successfully. The previous "dress rehearsal" in the Spadina testnet failed primarily due to incorrect support for the latest version of the Prysm client.
Nervos Integrates With HedgeTrade To Enable Community Trading Predictions.
HedgeTrade’s community-driven predictions platform now supports CKB, the native token of an open-source public blockchain project Nervos. The collaboration will provide Nervos with unique analytical tools and will allow HedgeTrade to attract a new audience.
Binance Announces Adding Support For MetaMask Wallet On Its Panama Bridge Service.
Binance's Panama Bridge Service, designed to organize compatibility with other blockchains, added support for MetaMask, Ethereum browser wallet.
Solana Announces Ethereum Cross-Chain Bridge ‘Wormhole’.
The Solana smart contract platform has announced the upcoming launch of a bridge for Ethereum ERC-20 tokens called Wormhole. The bridge will allow users to transfer funds between blockchains, directly converting ERC-20 tokens to the corresponding SPL Solana standard.

Hacking

New Zealand Man Charged With Money Laundering Via Crypto And Luxury Cars.
A 40-year-old man from Auckland, New Zealand, is accused of money laundering through the purchase of cryptocurrencies and expensive cars, reports NZHerald. The man, whose identity is not disclosed, faces 30 charges. It is alleged that he received New Zealand dollars (NZD) to buy cryptocurrencies "as part of transactions that involve money laundering".

Mass Adoption

Swipe Now Supports Samsung Pay For Its Visa Cardholders In The US.
Swipe makes life easier for their Samsung and Visa users, by adding the feature of pay with Samsung Pay App. This integration is available to all residents of the United States, excepting those living in New York.

People

Coinbase CCO, Jeff Horowitz Is About To Exit The Crypto Exchange.
CCO of Coinbase exchange, Jeff Horowitz, is leaving his post. The exact reasons weren't revealed, but Horowitz's colleagues pointed out that his retirement from Coinbase is not related to the recent statement of the exchange's CEO, Brian Armstrong. According to the new mission of Coinbase, the workers can't make political and social discussions if they are not related to the cryptocurrency industry. About 5% of employees who disagree with the new company policy chose to leave their workplace and receive compensation.
Jack Dorsey’s Square Inc Invests $50 Million In Bitcoin.
Jack Dorsey's Square payment company announced the purchase of $50 million worth of Bitcoins. Having made such a massive investment, Dorcey continues to place big bets on the digital currency, which he says will become commonly used over the next decade.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to CryptoCurrencies [link] [comments]

Crypto Weekly News — October, 16

What important crypto events happened last week?

Cryptocurrencies

Tether To Replace Ethereum As The Second Largest Market Capitalization. According to Bloomberg analysts, the Tether (USDT) stablecoin may take the second place in the rating of the largest digital currencies in 2021. Thus, Tether will displace Ether (ETH) at this position. At the moment, the capitalization of ETH and Tether is about $42.066 billion and $15.737 billion, respectively. Recently, stablecoin knocked the XRP token from the third place in the ranking of the most popular cryptocurrencies.
DeFi Token Maker Sets New TVL All-Time High As Crypto Market Takes Pause.
Maker, one of the first tokens, continues to grow, setting new all-highs in total locked away value, which indicates the core stability of the DeFi markets.
Bitcoin SV Will Sponsor The Cambridge University Metanet Society.
Bitcoin Association, a Swiss-based organization, working to advance business with the Bitcoin SV blockchain, has announced its intention to sponsor the Cambridge University Metanet Society for the second year in a row. The company hopes that this will help nurture a new generation of Digital Finance professionals and bring together the brightest minds in developing new projects.

Projects And Updates

Ethereum Foundation Introduces New Smart Contract Language ‘Fe’ For The Ecosystem.
The Ethereum ecosystem has introduced a new language for writing smart contracts named Fe, which was announced by the software engineer of the Ethereum Foundation Christoph Burgdorf. Today, most applications on Ethereum are written in the Solidity language. The company believes that having additional programming options will have a positive impact on the development of the ecosystem.
Gate.io Unveils Hardware Crypto Wallet With Fingerprint Authorization.
Gate.io Exchange announces a new hardware Wallet S1 with fingerprint recognition technology. Using biometrics will both better protect the user's keys and make it easier to work with them. Initially, for the China market, it will be available in other countries in the following months.
Ethereum 2.0 Gets Closer: Zinken Testnet Successfully Launched.
The developers of Ethereum started up the final test network Zinken before moving to the actual launching main ETH 2.0 network. According to Danny Ryan, lead coordinator for Etherium 2.0, the test genesis process went successfully. The previous "dress rehearsal" in the Spadina testnet failed primarily due to incorrect support for the latest version of the Prysm client.
Nervos Integrates With HedgeTrade To Enable Community Trading Predictions.
HedgeTrade’s community-driven predictions platform now supports CKB, the native token of an open-source public blockchain project Nervos. The collaboration will provide Nervos with unique analytical tools and will allow HedgeTrade to attract a new audience.
Binance Announces Adding Support For MetaMask Wallet On Its Panama Bridge Service.
Binance's Panama Bridge Service, designed to organize compatibility with other blockchains, added support for MetaMask, Ethereum browser wallet.
Solana Announces Ethereum Cross-Chain Bridge ‘Wormhole’.
The Solana smart contract platform has announced the upcoming launch of a bridge for Ethereum ERC-20 tokens called Wormhole. The bridge will allow users to transfer funds between blockchains, directly converting ERC-20 tokens to the corresponding SPL Solana standard.

Hacking

New Zealand Man Charged With Money Laundering Via Crypto And Luxury Cars.
A 40-year-old man from Auckland, New Zealand, is accused of money laundering through the purchase of cryptocurrencies and expensive cars, reports NZHerald. The man, whose identity is not disclosed, faces 30 charges. It is alleged that he received New Zealand dollars (NZD) to buy cryptocurrencies "as part of transactions that involve money laundering".

Mass Adoption

Swipe Now Supports Samsung Pay For Its Visa Cardholders In The US.
Swipe makes life easier for their Samsung and Visa users, by adding the feature of pay with Samsung Pay App. This integration is available to all residents of the United States, excepting those living in New York.

People

Coinbase CCO, Jeff Horowitz Is About To Exit The Crypto Exchange.
CCO of Coinbase exchange, Jeff Horowitz, is leaving his post. The exact reasons weren't revealed, but Horowitz's colleagues pointed out that his retirement from Coinbase is not related to the recent statement of the exchange's CEO, Brian Armstrong. According to the new mission of Coinbase, the workers can't make political and social discussions if they are not related to the cryptocurrency industry. About 5% of employees who disagree with the new company policy chose to leave their workplace and receive compensation.
Jack Dorsey’s Square Inc Invests $50 Million In Bitcoin.
Jack Dorsey's Square payment company announced the purchase of $50 million worth of Bitcoins. Having made such a massive investment, Dorcey continues to place big bets on the digital currency, which he says will become commonly used over the next decade.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to usdt [link] [comments]

Crypto Weekly News — October, 16

What important crypto events happened last week?

Cryptocurrencies

Tether To Replace Ethereum As The Second Largest Market Capitalization. According to Bloomberg analysts, the Tether (USDT) stablecoin may take the second place in the rating of the largest digital currencies in 2021. Thus, Tether will displace Ether (ETH) at this position. At the moment, the capitalization of ETH and Tether is about $42.066 billion and $15.737 billion, respectively. Recently, stablecoin knocked the XRP token from the third place in the ranking of the most popular cryptocurrencies.
DeFi Token Maker Sets New TVL All-Time High As Crypto Market Takes Pause.
Maker, one of the first tokens, continues to grow, setting new all-highs in total locked away value, which indicates the core stability of the DeFi markets.
Bitcoin SV Will Sponsor The Cambridge University Metanet Society.
Bitcoin Association, a Swiss-based organization, working to advance business with the Bitcoin SV blockchain, has announced its intention to sponsor the Cambridge University Metanet Society for the second year in a row. The company hopes that this will help nurture a new generation of Digital Finance professionals and bring together the brightest minds in developing new projects.

Projects And Updates

Ethereum Foundation Introduces New Smart Contract Language ‘Fe’ For The Ecosystem.
The Ethereum ecosystem has introduced a new language for writing smart contracts named Fe, which was announced by the software engineer of the Ethereum Foundation Christoph Burgdorf. Today, most applications on Ethereum are written in the Solidity language. The company believes that having additional programming options will have a positive impact on the development of the ecosystem.
Gate.io Unveils Hardware Crypto Wallet With Fingerprint Authorization.
Gate.io Exchange announces a new hardware Wallet S1 with fingerprint recognition technology. Using biometrics will both better protect the user's keys and make it easier to work with them. Initially, for the China market, it will be available in other countries in the following months.
Ethereum 2.0 Gets Closer: Zinken Testnet Successfully Launched.
The developers of Ethereum started up the final test network Zinken before moving to the actual launching main ETH 2.0 network. According to Danny Ryan, lead coordinator for Etherium 2.0, the test genesis process went successfully. The previous "dress rehearsal" in the Spadina testnet failed primarily due to incorrect support for the latest version of the Prysm client.
Nervos Integrates With HedgeTrade To Enable Community Trading Predictions.
HedgeTrade’s community-driven predictions platform now supports CKB, the native token of an open-source public blockchain project Nervos. The collaboration will provide Nervos with unique analytical tools and will allow HedgeTrade to attract a new audience.
Binance Announces Adding Support For MetaMask Wallet On Its Panama Bridge Service.
Binance's Panama Bridge Service, designed to organize compatibility with other blockchains, added support for MetaMask, Ethereum browser wallet.
Solana Announces Ethereum Cross-Chain Bridge ‘Wormhole’.
The Solana smart contract platform has announced the upcoming launch of a bridge for Ethereum ERC-20 tokens called Wormhole. The bridge will allow users to transfer funds between blockchains, directly converting ERC-20 tokens to the corresponding SPL Solana standard.

Hacking

New Zealand Man Charged With Money Laundering Via Crypto And Luxury Cars.
A 40-year-old man from Auckland, New Zealand, is accused of money laundering through the purchase of cryptocurrencies and expensive cars, reports NZHerald. The man, whose identity is not disclosed, faces 30 charges. It is alleged that he received New Zealand dollars (NZD) to buy cryptocurrencies "as part of transactions that involve money laundering".

Mass Adoption

Swipe Now Supports Samsung Pay For Its Visa Cardholders In The US.
Swipe makes life easier for their Samsung and Visa users, by adding the feature of pay with Samsung Pay App. This integration is available to all residents of the United States, excepting those living in New York.

People

Coinbase CCO, Jeff Horowitz Is About To Exit The Crypto Exchange.
CCO of Coinbase exchange, Jeff Horowitz, is leaving his post. The exact reasons weren't revealed, but Horowitz's colleagues pointed out that his retirement from Coinbase is not related to the recent statement of the exchange's CEO, Brian Armstrong. According to the new mission of Coinbase, the workers can't make political and social discussions if they are not related to the cryptocurrency industry. About 5% of employees who disagree with the new company policy chose to leave their workplace and receive compensation.
Jack Dorsey’s Square Inc Invests $50 Million In Bitcoin.
Jack Dorsey's Square payment company announced the purchase of $50 million worth of Bitcoins. Having made such a massive investment, Dorcey continues to place big bets on the digital currency, which he says will become commonly used over the next decade.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to defi [link] [comments]

Crypto Weekly News — October, 16

What important crypto events happened last week?

Cryptocurrencies

Tether To Replace Ethereum As The Second Largest Market Capitalization. According to Bloomberg analysts, the Tether (USDT) stablecoin may take the second place in the rating of the largest digital currencies in 2021. Thus, Tether will displace Ether (ETH) at this position. At the moment, the capitalization of ETH and Tether is about $42.066 billion and $15.737 billion, respectively. Recently, stablecoin knocked the XRP token from the third place in the ranking of the most popular cryptocurrencies.
DeFi Token Maker Sets New TVL All-Time High As Crypto Market Takes Pause.
Maker, one of the first tokens, continues to grow, setting new all-highs in total locked away value, which indicates the core stability of the DeFi markets.
Bitcoin SV Will Sponsor The Cambridge University Metanet Society.
Bitcoin Association, a Swiss-based organization, working to advance business with the Bitcoin SV blockchain, has announced its intention to sponsor the Cambridge University Metanet Society for the second year in a row. The company hopes that this will help nurture a new generation of Digital Finance professionals and bring together the brightest minds in developing new projects.

Projects And Updates

Ethereum Foundation Introduces New Smart Contract Language ‘Fe’ For The Ecosystem.
The Ethereum ecosystem has introduced a new language for writing smart contracts named Fe, which was announced by the software engineer of the Ethereum Foundation Christoph Burgdorf. Today, most applications on Ethereum are written in the Solidity language. The company believes that having additional programming options will have a positive impact on the development of the ecosystem.
Gate.io Unveils Hardware Crypto Wallet With Fingerprint Authorization.
Gate.io Exchange announces a new hardware Wallet S1 with fingerprint recognition technology. Using biometrics will both better protect the user's keys and make it easier to work with them. Initially, for the China market, it will be available in other countries in the following months.
Ethereum 2.0 Gets Closer: Zinken Testnet Successfully Launched.
The developers of Ethereum started up the final test network Zinken before moving to the actual launching main ETH 2.0 network. According to Danny Ryan, lead coordinator for Etherium 2.0, the test genesis process went successfully. The previous "dress rehearsal" in the Spadina testnet failed primarily due to incorrect support for the latest version of the Prysm client.
Nervos Integrates With HedgeTrade To Enable Community Trading Predictions.
HedgeTrade’s community-driven predictions platform now supports CKB, the native token of an open-source public blockchain project Nervos. The collaboration will provide Nervos with unique analytical tools and will allow HedgeTrade to attract a new audience.
Binance Announces Adding Support For MetaMask Wallet On Its Panama Bridge Service.
Binance's Panama Bridge Service, designed to organize compatibility with other blockchains, added support for MetaMask, Ethereum browser wallet.
Solana Announces Ethereum Cross-Chain Bridge ‘Wormhole’.
The Solana smart contract platform has announced the upcoming launch of a bridge for Ethereum ERC-20 tokens called Wormhole. The bridge will allow users to transfer funds between blockchains, directly converting ERC-20 tokens to the corresponding SPL Solana standard.

Hacking

New Zealand Man Charged With Money Laundering Via Crypto And Luxury Cars.
A 40-year-old man from Auckland, New Zealand, is accused of money laundering through the purchase of cryptocurrencies and expensive cars, reports NZHerald. The man, whose identity is not disclosed, faces 30 charges. It is alleged that he received New Zealand dollars (NZD) to buy cryptocurrencies "as part of transactions that involve money laundering".

Mass Adoption

Swipe Now Supports Samsung Pay For Its Visa Cardholders In The US.
Swipe makes life easier for their Samsung and Visa users, by adding the feature of pay with Samsung Pay App. This integration is available to all residents of the United States, excepting those living in New York.

People

Coinbase CCO, Jeff Horowitz Is About To Exit The Crypto Exchange.
CCO of Coinbase exchange, Jeff Horowitz, is leaving his post. The exact reasons weren't revealed, but Horowitz's colleagues pointed out that his retirement from Coinbase is not related to the recent statement of the exchange's CEO, Brian Armstrong. According to the new mission of Coinbase, the workers can't make political and social discussions if they are not related to the cryptocurrency industry. About 5% of employees who disagree with the new company policy chose to leave their workplace and receive compensation.
Jack Dorsey’s Square Inc Invests $50 Million In Bitcoin.
Jack Dorsey's Square payment company announced the purchase of $50 million worth of Bitcoins. Having made such a massive investment, Dorcey continues to place big bets on the digital currency, which he says will become commonly used over the next decade.
That’s all for now! For more details follow us on Twitter, subscribe to our YouTube channel, join our Telegram.
submitted by CoinjoyAssistant to CryptoNews [link] [comments]

Syscoin Platform’s Great Reddit Scaling Bake-off Proposal

Syscoin Platform’s Great Reddit Scaling Bake-off Proposal

https://preview.redd.it/rqt2dldyg8e51.jpg?width=1044&format=pjpg&auto=webp&s=777ae9d4fbbb54c3540682b72700fc4ba3de0a44
We are excited to participate and present Syscoin Platform's ideal characteristics and capabilities towards a well-rounded Reddit Community Points solution!
Our scaling solution for Reddit Community Points involves 2-way peg interoperability with Ethereum. This will provide a scalable token layer built specifically for speed and high volumes of simple value transfers at a very low cost, while providing sovereign ownership and onchain finality.
Token transfers scale by taking advantage of a globally sorting mempool that provides for probabilistically secure assumptions of “as good as settled”. The opportunity here for token receivers is to have an app-layer interactivity on the speed/security tradeoff (99.9999% assurance within 10 seconds). We call this Z-DAG, and it achieves high-throughput across a mesh network topology presently composed of about 2,000 geographically dispersed full-nodes. Similar to Bitcoin, however, these nodes are incentivized to run full-nodes for the benefit of network security, through a bonded validator scheme. These nodes do not participate in the consensus of transactions or block validation any differently than other nodes and therefore do not degrade the security model of Bitcoin’s validate first then trust, across every node. Each token transfer settles on-chain. The protocol follows Bitcoin core policies so it has adequate code coverage and protocol hardening to be qualified as production quality software. It shares a significant portion of Bitcoin’s own hashpower through merged-mining.
This platform as a whole can serve token microtransactions, larger settlements, and store-of-value in an ideal fashion, providing probabilistic scalability whilst remaining decentralized according to Bitcoin design. It is accessible to ERC-20 via a permissionless and trust-minimized bridge that works in both directions. The bridge and token platform are currently available on the Syscoin mainnet. This has been gaining recent attention for use by loyalty point programs and stablecoins such as Binance USD.

Solutions

Syscoin Foundation identified a few paths for Reddit to leverage this infrastructure, each with trade-offs. The first provides the most cost-savings and scaling benefits at some sacrifice of token autonomy. The second offers more preservation of autonomy with a more narrow scope of cost savings than the first option, but savings even so. The third introduces more complexity than the previous two yet provides the most overall benefits. We consider the third as most viable as it enables Reddit to benefit even while retaining existing smart contract functionality. We will focus on the third option, and include the first two for good measure.
  1. Distribution, burns and user-to-user transfers of Reddit Points are entirely carried out on the Syscoin network. This full-on approach to utilizing the Syscoin network provides the most scalability and transaction cost benefits of these scenarios. The tradeoff here is distribution and subscription handling likely migrating away from smart contracts into the application layer.
  2. The Reddit Community Points ecosystem can continue to use existing smart contracts as they are used today on the Ethereum mainchain. Users migrate a portion of their tokens to Syscoin, the scaling network, to gain much lower fees, scalability, and a proven base layer, without sacrificing sovereign ownership. They would use Syscoin for user-to-user transfers. Tips redeemable in ten seconds or less, a high-throughput relay network, and onchain settlement at a block target of 60 seconds.
  3. Integration between Matic Network and Syscoin Platform - similar to Syscoin’s current integration with Ethereum - will provide Reddit Community Points with EVM scalability (including the Memberships ERC777 operator) on the Matic side, and performant simple value transfers, robust decentralized security, and sovereign store-of-value on the Syscoin side. It’s “the best of both worlds”. The trade-off is more complex interoperability.

Syscoin + Matic Integration

Matic and Blockchain Foundry Inc, the public company formed by the founders of Syscoin, recently entered a partnership for joint research and business development initiatives. This is ideal for all parties as Matic Network and Syscoin Platform provide complementary utility. Syscoin offers characteristics for sovereign ownership and security based on Bitcoin’s time-tested model, and shares a significant portion of Bitcoin’s own hashpower. Syscoin’s focus is on secure and scalable simple value transfers, trust-minimized interoperability, and opt-in regulatory compliance for tokenized assets rather than scalability for smart contract execution. On the other hand, Matic Network can provide scalable EVM for smart contract execution. Reddit Community Points can benefit from both.
Syscoin + Matic integration is actively being explored by both teams, as it is helpful to Reddit, Ethereum, and the industry as a whole.

Proving Performance & Cost Savings

Our POC focuses on 100,000 on-chain settlements of token transfers on the Syscoin Core blockchain. Transfers and burns perform equally with Syscoin. For POCs related to smart contracts (subscriptions, etc), refer to the Matic Network proposal.
On-chain settlement of 100k transactions was accomplished within roughly twelve minutes, well-exceeding Reddit’s expectation of five days. This was performed using six full-nodes operating on compute-optimized AWS c4.2xlarge instances which were geographically distributed (Virginia, London, Sao Paulo Brazil, Oregon, Singapore, Germany). A higher quantity of settlements could be reached within the same time-frame with more broadcasting nodes involved, or using hosts with more resources for faster execution of the process.
Addresses used: 100,014
The demonstration was executed using this tool. The results can be seen in the following blocks:
612722: https://sys1.bcfn.ca/block/6d47796d043bb4c508d29123e6ae81b051f5e0aaef849f253c8f3a6942a022ce
612723: https://sys1.bcfn.ca/block/8e2077f743461b90f80b4bef502f564933a8e04de97972901f3d65cfadcf1faf
612724: https://sys1.bcfn.ca/block/205436d25b1b499fce44c29567c5c807beaca915b83cc9f3c35b0d76dbb11f6e
612725: https://sys1.bcfn.ca/block/776d1b1a0f90f655a6bbdf559ff5072459cbdc5682d7615ff4b78c00babdc237
612726: https://sys1.bcfn.ca/block/de4df0994253742a1ac8ac9eec8d2a8c8b0a6d72c53d6f3caa29bb6c171b0a6b
612727: https://sys1.bcfn.ca/block/e5e167c52a9decb313fbaadf49a5e34cb490f8084f642a850385476d4ef10d70
612728: https://sys1.bcfn.ca/block/ab64d989edc71890e7b5b8491c20e9a27520dc45a5f7c776d3dae79057f59fe7
612729: https://sys1.bcfn.ca/block/5e8b7ecd0e36f99d07e4ea6e135fc952bf7ec30164ab6f4d1e98b0f2d405df6d
612730: https://sys1.bcfn.ca/block/d395df3d31dde60bbb0bece6bd5b358297da878f0beb96be389e5f0e043580a3
It is important to note that this POC is not focused on Z-DAG. The performance of Z-DAG has been benchmarked within realistic network conditions: Whiteblock’s audit is publicly available. Network latency tests showed an average TPS around 15k with burst capacity up to 61k. Zero-latency control group exhibited ~150k TPS. Mainnet testing of the Z-DAG network is achievable and will require further coordination and additional resources.
Even further optimizations are expected in the upcoming Syscoin Core release which will implement a UTXO model for our token layer bringing further efficiency as well as open the door to additional scaling technology currently under research by our team and academic partners. At present our token layer is account-based, similar to Ethereum. Opt-in compliance structures will also be introduced soon which will offer some positive performance characteristics as well. It makes the most sense to implement these optimizations before performing another benchmark for Z-DAG, especially on the mainnet considering the resources required to stress-test this network.

Cost Savings

Total cost for these 100k transactions: $0.63 USD
See the live fee comparison for savings estimation between transactions on Ethereum and Syscoin. Below is a snapshot at time of writing:
ETH price: $318.55 ETH gas price: 55.00 Gwei ($0.37)
Syscoin price: $0.11
Snapshot of live fee comparison chart
Z-DAG provides a more efficient fee-market. A typical Z-DAG transaction costs 0.0000582 SYS. Tokens can be safely redeemed/re-spent within seconds or allowed to settle on-chain beforehand. The costs should remain about this low for microtransactions.
Syscoin will achieve further reduction of fees and even greater scalability with offchain payment channels for assets, with Z-DAG as a resilience fallback. New payment channel technology is one of the topics under research by the Syscoin development team with our academic partners at TU Delft. In line with the calculation in the Lightning Networks white paper, payment channels using assets with Syscoin Core will bring theoretical capacity for each person on Earth (7.8 billion) to have five on-chain transactions per year, per person, without requiring anyone to enter a fee market (aka “wait for a block”). This exceeds the minimum LN expectation of two transactions per person, per year; one to exist on-chain and one to settle aggregated value.

Tools, Infrastructure & Documentation

Syscoin Bridge

Mainnet Demonstration of Syscoin Bridge with the Basic Attention Token ERC-20
A two-way blockchain interoperability system that uses Simple Payment Verification to enable:
  • Any Standard ERC-20 token to be moved from Ethereum to the Syscoin blockchain as a Syscoin Platform Token (SPT), and back to Ethereum
  • Any SPT to be moved from Syscoin to the Ethereum blockchain as an ERC-20 token, and back to Syscoin

Benefits

  • Permissionless
  • No counterparties involved
  • No trading mechanisms involved
  • No third-party liquidity providers required
  • Cross-chain Fractional Supply - 2-way peg - Token supply maintained globally
  • ERC-20s gain vastly improved transactionality with the Syscoin Token Platform, along with the security of bitcoin-core-compliant PoW.
  • SPTs gain access to all the tooling, applications and capabilities of Ethereum for ERC-20, including smart contracts.
https://preview.redd.it/l8t2m8ldh8e51.png?width=1180&format=png&auto=webp&s=b0a955a0181746dc79aff718bd0bf607d3c3aa23
https://preview.redd.it/26htnxzfh8e51.png?width=1180&format=png&auto=webp&s=d0383d3c2ee836c9f60b57eca35542e9545f741d

Source code

https://github.com/syscoin/?q=sysethereum
Main Subprojects

API

Tools to simplify using Syscoin Bridge as a service with dapps and wallets will be released some time after implementation of Syscoin Core 4.2. These will be based upon the same processes which are automated in the current live Sysethereum Dapp that is functioning with the Syscoin mainnet.

Documentation

Syscoin Bridge & How it Works (description and process flow)
Superblock Validation Battles
HOWTO: Provision the Bridge for your ERC-20
HOWTO: Setup an Agent
Developer & User Diligence

Trade-off

The Syscoin Ethereum Bridge is secured by Agent nodes participating in a decentralized and incentivized model that involves roles of Superblock challengers and submitters. This model is open to participation. The benefits here are trust-minimization, permissionless-ness, and potentially less legal/regulatory red-tape than interop mechanisms that involve liquidity providers and/or trading mechanisms.
The trade-off is that due to the decentralized nature there are cross-chain settlement times of one hour to cross from Ethereum to Syscoin, and three hours to cross from Syscoin to Ethereum. We are exploring ways to reduce this time while maintaining decentralization via zkp. Even so, an “instant bridge” experience could be provided by means of a third-party liquidity mechanism. That option exists but is not required for bridge functionality today. Typically bridges are used with batch value, not with high frequencies of smaller values, and generally it is advantageous to keep some value on both chains for maximum availability of utility. Even so, the cross-chain settlement time is good to mention here.

Cost

Ethereum -> Syscoin: Matic or Ethereum transaction fee for bridge contract interaction, negligible Syscoin transaction fee for minting tokens
Syscoin -> Ethereum: Negligible Syscoin transaction fee for burning tokens, 0.01% transaction fee paid to Bridge Agent in the form of the ERC-20, Matic or Ethereum transaction fee for contract interaction.

Z-DAG

Zero-Confirmation Directed Acyclic Graph is an instant settlement protocol that is used as a complementary system to proof-of-work (PoW) in the confirmation of Syscoin service transactions. In essence, a Z-DAG is simply a directed acyclic graph (DAG) where validating nodes verify the sequential ordering of transactions that are received in their memory pools. Z-DAG is used by the validating nodes across the network to ensure that there is absolute consensus on the ordering of transactions and no balances are overflowed (no double-spends).

Benefits

  • Unique fee-market that is more efficient for microtransaction redemption and settlement
  • Uses decentralized means to enable tokens with value transfer scalability that is comparable or exceeds that of credit card networks
  • Provides high throughput and secure fulfillment even if blocks are full
  • Probabilistic and interactive
  • 99.9999% security assurance within 10 seconds
  • Can serve payment channels as a resilience fallback that is faster and lower-cost than falling-back directly to a blockchain
  • Each Z-DAG transaction also settles onchain through Syscoin Core at 60-second block target using SHA-256 Proof of Work consensus
https://preview.redd.it/pgbx84jih8e51.png?width=1614&format=png&auto=webp&s=5f631d42a33dc698365eb8dd184b6d442def6640

Source code

https://github.com/syscoin/syscoin

API

Syscoin-js provides tooling for all Syscoin Core RPCs including interactivity with Z-DAG.

Documentation

Z-DAG White Paper
Useful read: An in-depth Z-DAG discussion between Syscoin Core developer Jag Sidhu and Brave Software Research Engineer Gonçalo Pestana

Trade-off

Z-DAG enables the ideal speed/security tradeoff to be determined per use-case in the application layer. It minimizes the sacrifice required to accept and redeem fast transfers/payments while providing more-than-ample security for microtransactions. This is supported on the premise that a Reddit user receiving points does need security yet generally doesn’t want nor need to wait for the same level of security as a nation-state settling an international trade debt. In any case, each Z-DAG transaction settles onchain at a block target of 60 seconds.

Syscoin Specs

Syscoin 3.0 White Paper
(4.0 white paper is pending. For improved scalability and less blockchain bloat, some features of v3 no longer exist in current v4: Specifically Marketplace Offers, Aliases, Escrow, Certificates, Pruning, Encrypted Messaging)
  • 16MB block bandwidth per minute assuming segwit witness carrying transactions, and transactions ~200 bytes on average
  • SHA256 merge mined with Bitcoin
  • UTXO asset layer, with base Syscoin layer sharing identical security policies as Bitcoin Core
  • Z-DAG on asset layer, bridge to Ethereum on asset layer
  • On-chain scaling with prospect of enabling enterprise grade reliable trustless payment processing with on/offchain hybrid solution
  • Focus only on Simple Value Transfers. MVP of blockchain consensus footprint is balances and ownership of them. Everything else can reduce data availability in exchange for scale (Ethereum 2.0 model). We leave that to other designs, we focus on transfers.
  • Future integrations of MAST/Taproot to get more complex value transfers without trading off trustlessness or decentralization.
  • Zero-knowledge Proofs are a cryptographic new frontier. We are dabbling here to generalize the concept of bridging and also verify the state of a chain efficiently. We also apply it in our Digital Identity projects at Blockchain Foundry (a publicly traded company which develops Syscoin softwares for clients). We are also looking to integrate privacy preserving payment channels for off-chain payments through zkSNARK hub & spoke design which does not suffer from the HTLC attack vectors evident on LN. Much of the issues plaguing Lightning Network can be resolved using a zkSNARK design whilst also providing the ability to do a multi-asset payment channel system. Currently we found a showstopper attack (American Call Option) on LN if we were to use multiple-assets. This would not exist in a system such as this.

Wallets

Web3 and mobile wallets are under active development by Blockchain Foundry Inc as WebAssembly applications and expected for release not long after mainnet deployment of Syscoin Core 4.2. Both of these will be multi-coin wallets that support Syscoin, SPTs, Ethereum, and ERC-20 tokens. The Web3 wallet will provide functionality similar to Metamask.
Syscoin Platform and tokens are already integrated with Blockbook. Custom hardware wallet support currently exists via ElectrumSys. First-class HW wallet integration through apps such as Ledger Live will exist after 4.2.
Current supported wallets
Syscoin Spark Desktop
Syscoin-Qt

Explorers

Mainnet: https://sys1.bcfn.ca (Blockbook)
Testnet: https://explorer-testnet.blockchainfoundry.co

Thank you for close consideration of our proposal. We look forward to feedback, and to working with the Reddit community to implement an ideal solution using Syscoin Platform!

submitted by sidhujag to ethereum [link] [comments]

Swipe Bi-Weekly Update #6

Swipe Bi-Weekly Update #6

https://preview.redd.it/n5pkxql0crh51.jpg?width=1280&format=pjpg&auto=webp&s=959d7b4051bd1c20b53cfc28ee1c4cbdd355382e
Swipe opened the month of August with the launch of its Swipe Network Staking and its announcement to run a Decentralized Finance Lending/Earn application on Binance Smart Chain. This was also followed by the plan to release product updates, events, listings, or partnerships every week until the end of 2020.
Bringing their promise and commitment true to the public, here are the activities that Swipe has released for the past two weeks:

https://preview.redd.it/5ztwd3p3crh51.jpg?width=1280&format=pjpg&auto=webp&s=a5305d9e040318cfe9e3da0a3a721c88cbaf80ae
Swipe Launches Staking/DeFi
Swipe has recently launched its test network for Swipe Network Testnet Staking and, at the same time, announced its plans to launch a Decentralized Finance Lending/Earn application on Binance Smart Chain.
With the launch of the Swipe Network testnet, users can use the Swipe Faucet to grab testnet-SXP to use on the decentralized finance application. Users will be able to bond SXP to the Swipe Network smart contract as collateral to ensure the guarantee of conversions for these exchanges. A reserve system in place to lock SXP and guarantee that the merchant and payment networks receive the exact fiat amount is in place as Swipe facilitates real-time conversions on-demand.
Users will receive up 12% APY on their staked SXP within the Swipe Network off-chain and a variable rate for on-chain. Swipe plans to enable staked SXP to earn the processing fees it charges in the future as well on top of the collateral rewards from staking.
Also, Swipe revealed its plans to launch a DeFi App on Binance Chain called SwipeFi, which will enable Binance Chain tokens to be used to earn interest on their supply of collateral to the protocol and borrow against their collateral directly on the Binance blockchain.
Swipe (SXP) Trading Competition
Last August 5 to 12, Swipe and Binance team have both committed a total of 100,000 SXP and 50,000 USDT in prizes to thank its users worldwide for their continued support and to also celebrate the Swipe acquisition and SXP/USDT listing in Futures, Margin and Spot markets. The contest was divided into three categories: a new user exclusive rewards, a trading competition, and the Lucky 99, which awarded users ranked 99th, 199th, 299th, 399th, and so forth until the 9999th place of the top 10,000 SXP traders based on their trading volume.
Swipe x WBTC
Swipe has partnered with WBTC Network and has officially been approved as a merchant for WBTC minting through the WBTC Network’s DAO Governance process. Swipe Wallet users will be able to benefit from instantly wrapping Bitcoin BTC to Wrapped Bitcoin (WBTC) and vice versa with just a few clicks. Swipe has also listed WBTC on the Swipe Wallet platform and Swipe Visa Card to enable users to buy, sell, exchange, and spend WBTC at over 60 million merchants worldwide.
SXP on CoinDCX
SXP, the native token of Swipe, is now listed and live on its second Indian Exchange CoinDCX. Trading for $SXP token is now live for CoinDCX users who wish to trade SXP/BTC and SXP/USDT.
CoinDCX trading links for SXP:
https://coindcx.com/trade/SXPBTC & https://coindcx.com/trade/SXPUSDT
Wazirx AMA Session
Swipe Chief Executive Officer (CEO) Joselito Lizarondo, held an AMA session with the Telegram community of Wazirx, a bitcoin exchange in India, last August 7. In the AMA session, Lizarondo answered questions about Swipe, Swipe Card, its new partnership with Binance, and the recent projects that the company has announced. The community also asked if Swipe is planning to bring its card services to India as it is one of the biggest crypto market countries at present.
To read the whole summary of the AMA visit:
https://blog.wazirx.com/ama-with-joselito-lizarondo-ceo-founder-of-swipe-summary/
New Swipe Product Manual
Swipe has released a new “redefined” white paper under the title: Swipe Product Manual. The Swipe Product Manual was designed with simplicity in mind for easy and coherent descriptions of the Swipe ecosystem of products. This will describe all of Swipe’s current and future products that the team has planned. Technical descriptions and documentation will be made available, as required, per protocol, as some will have API access for developers.
The Swipe Product Manual can be viewed by clicking here or by going to https://sw.pe/ProductManual or downloading https://swipe.io/ProductManual.pdf to your desktop.
Swipe 0% Fees
Starting Monday, August 17, Swipe Wallet and Swipe Card users will no longer have to pay any fees to buy, sell, and pay with crypto. Users can now purchase, sell, and convert cryptocurrencies to and from fiat currencies without the previous 1% fee. Swipe cardholders will also enjoy waived membership fees and free card shipping.
Swipe Staking
As Swipe prepares to launch the Swipe Network Staking mainnet, the Swipe Wallet application will support SXP staking. Users will enjoy staking rewards based on their SXP balances that are held on the Swipe Wallet beginning on August 23, 00:00 UTC.
More details of the staking can be viewed at:
https://medium.com/swipe/swipe-wallet-to-support-sxp-staking-acfab4589813
Swipe Reddit AMA
In his first blog post on Medium, Swipe CEO Joselito Lizarondo answered the questions that the Reddit community asked regarding Swipe’s activities and plans for the future. He talked about the new partnership programs of Swipe, its newly released “Product Manual,” and the new roadmap, which will be kept in stealth “to focus on bringing maximum value to these announcements and products.”
Read the whole transcript of Joselito Lizarondo’s AMA here:
https://medium.com/swipe/swipe-reddit-ama-8-13-80690e2f6589
Swipe and Kava Partnership
Swipe has formed a strategic partnership with Kava Labs to further grow the USDX DeFi Ecosystem as Swipe prepares to bring decentralized finance applications to the Binance Smart Chain. Swipe has also listed KAVA and USDX on the Swipe Wallet platform where users can buy and sell KAVA and USDX with a linked bank account or credit/debit card as well as enabled it to be converted and spent at over 60 million merchants worldwide with the Swipe Visa Card.
$16M+ Ecosystem Rewards Program for BNB Holders on Binance
Swipe is launching a 12-week-period $16,000,000 Ecosystem Rewards Program for BNB holders, starting August 17. This program aims to continue to promote the usage of Swipe products, including the Swipe Network Staking and Governance within a strong community. With Swipe’s partnership with Binance, a weekly distribution of 333,333.33 SXP will run to BNB holders on Binance.com.
Know more about the Rewards Program here:
https://medium.com/swipe/swipe-launches-16m-ecosystem-rewards-program-for-bnb-holders-on-binance-e79ffc9dc252
Swipe’s Chainlink Based Price Oracles Now Live
Swipe has collaborated with Chainlink, the market-leading decentralized oracle network, to launch a live SXP-USD price oracle on the Ethereum mainnet. By switching to Chainlink, users receive stronger guarantees around trust and transparency in the payments process, as critical price feeds for the network are now completely decentralized and available to monitor on the blockchain.
This decentralized infrastructure ensures that reward issuances and token burns only take place based on accurate, highly available, and tamper-proof on-chain prices that have no single point of failure or absolute truth. Users can independently verify the current price, how price updates occur, which nodes are providing data to the network, and more. This means users no longer need to rely on Swipe to produce fair conversion rates.
---
Stay up-to-date with all the latest news from Swipe
Website: https://swipe.io
Twitter: https://twitter.com/SwipeWallet
Facebook: https://facebook.com/Swipe
Instagram: https://instagram.com/Swipe
Medium: https://medium.com/Swipe
Telegram: https://t.me/SwipeWallet & https://t.me/Swipe
LinkedIn: https://www.linkedin.com/company/swipewallet
YouTube: https://youtube.com/SwipeWallet
submitted by SwipeWallet to Swipe_io [link] [comments]

Swipe Launches Network Staking and DeFi on Binance Smart Chain with Swipe Governance

Swipe Launches Network Staking and DeFi on Binance Smart Chain with Swipe Governance

https://preview.redd.it/ozt2j8wm9de51.jpg?width=1280&format=pjpg&auto=webp&s=77ffe561b0566f967acbac296508c6a96a9ce6e7
London, United Kingdom — Swipe is proud to announce that it has launched its test network for Swipe Network Staking and will launch a Decentralized Finance Lending/Earn application on Binance Smart Chain. Swipe, which was recently acquired by Binance, has garnered enormous growth over the past month in all avenues of its business and plans to launch a new product, feature, event, listing, or partnership every week until the end of the year.
Summary:
  • Testnet Staking Launched with testnet SXP on Ropsten
  • 12% APY for SXP Staking
  • DeFi coming to Binance Chain with BTC, ETH, BNB, SXP, BUSD, and TUSD collateral for borrowing/supplying
  • Swipe Governance Token airdrop to SXP Holders
  • Liquidity Mining on Binance Chain
  • New announcements weekly

Swipe Network

The Swipe Network (swipe.org) is the payment protocol that enables real-time crypto-to-fiat conversions for all of Swipe’s products and services (Wallet, Card, & Issuing). With the launch of the Swipe Network testnet, users can use the Swipe Faucet to grab testnet-SXP to use on the decentralized finance application.
Users will be able to bond SXP to the Swipe Network smart contract as collateral to ensure the guarantee of conversions for these exchanges. Since Swipe facilitates real-time conversions on-demand, there is a reserve system in place to lock SXP and guarantee that the merchant and payment networks receive the exact fiat amount that it processes. Most of these processes occur off-chain and are guaranteed by Swipe at the moment, but now can be bonded by the community and on-chain.
Users will receive 12% APY on their staked SXP within the Swipe Network. Swipe plans to enable staked SXP to earn the processing fees it charges in the future as well on top of the collateral rewards from staking. The main network for swipe.org will be launched in two weeks. Users can access the testnet from: https://testnet.swipe.org with a public faucet being released in the next few days. To promote the usage of Swipe Network, Swipe will be partnering with exchanges that will offer staking and enhanced initial rewards and will be announced soon.

Swipe Finance (SwipeFi) & SGV — Lending/Earning DeFi App built on Binance Smart Chain controlled by the community by the Swipe Governance Token (SGV) and Liquidity Mining.

Swipe is proud to announce its plans to launch a DeFi App on Binance Chain called SwipeFi which will enable Binance Chain tokens to be used to earn interest on their supply of collateral to the protocol and borrow against their collateral directly on the Binance blockchain. Swipe has been working with the core developers of Binance Smart Chain through the acquisition and partnerships between Swipe and Binance, to launch SwipeFi.
Users have witnessed historical highs in transaction fees, gas costs, and delays using the Ethereum blockchain for Decentralized Finance (DeFi). Bringing a complete lending/earn protocol using the battle-tested open-source protocols, such as Compound, to Binance chain gives users an immense value proposition.
Bitcoin, Ethereum, and other assets are already wrapped and issued on Binance Chain and are verifiable on their native blockchains for cross-compatibility, which will give exposure to use these assets for supplying and borrowing from SwipeFi. There are stablecoins such as BUSD, TUSD, and others that are also guaranteed on their native chains, which are wrapped and issued on Binance Chain already. Therefore, the base layer of the collateral needed to start a project of this magnitude already exists. Binance.com offers simple on and off-ramps for converting the Binance chain version to the native version (example: BTCB to BTC and vice versa) as well as SwipeFi plans to open up decentralized bridges for this wrapping.
Transactions on Binance Chain are considered one block finality, take less than ~5 seconds to complete, and cost a fraction of the price that it would cost on Ethereum. This will make DeFi transactions seamless and efficient.
SwipeFi will initially support BTC, BNB, ETH, BUSD, TUSD, and SXP to supply or borrow. The protocol will be governed by a new Binance Chain BEP2 token: Swipe Governance Token (SGV). SGV will be used on the protocol to vote on proposals and governance decisions while earned through liquidity mining so that the supplier and borrowers of the protocol can be incentivized to participate in governance as well. There will be a total supply of 10,000,000 SGV ever in existence.
On August 17, 2020, at 00:00 UTC, there will be a snapshot of SXP balances. There will be a distribution of 1 SGV per 100 SXP.
This will give an initial supply of approximately 2,999,700 SGV with the remaining SGV to be mined via Liquidity Mining by supplying and borrowing on the protocol over a 5 year period.
There will be no SGV sold or allocated to the team aside from what they already hold in SXP. This will enable users to mine over 70% of the total SGV supply over a five year period. Swipe will release the SwipeFi white paper and governance details by August 10, 2020, with plans to launch a testnet in September.
---
Stay up-to-date with all the latest news from Swipe
Website: https://swipe.io
Twitter: https://twitter.com/SwipeWallet
Facebook: https://facebook.com/Swipe
Instagram: https://instagram.com/Swipe
Medium: https://medium.com/Swipe
Telegram: https://t.me/SwipeWallet & https://t.me/Swipe
LinkedIn: https://www.linkedin.com/company/swipewallet
YouTube: https://youtube.com/SwipeWallet
submitted by SwipeWallet to Swipe_io [link] [comments]

Swingby - DeFi sleeping giant just listed on BitMAX

If you remember RUNE, it was a BEP2 (Binance Chain) token listed exclusively on BitMax. It is up something like 3000% and now listed on Binance. ... Well, here is a new project, with a much bigger potential. Swingby basically going to be at the core of Elrond.
  1. Mcap check (~5m??)
  2. Scam? check. Elrond has published a lot of articles on how crucial swingby is, read this: https://elrond.com/blog/elrond-mainnet-gets-access-to-cross-chain-liquidity-via-swingby-inter-blockchain-asset-swaps/
  3. Token unlock? Check. Team locked for 1 year. No new unlocks attttt least for 2 months.
  4. Hype factor? DeFi :)
  5. More info?:
Swingby is a Singapore-based project founded in 2018. The company is developing Swingby Skybrige that moves assets quickly between chains using TSS, with a testnet running since March 2020 having processed over $12Billion USD of Bitcoin swaps. In addition, the Swingby Stake Portal offers a unique Self-Custody pre-staking solution for Swingby tokens, providing real DeFi yield prior to Node staking being brought online. The Trusted Cloud system builds on top of the Swingby protocol to offer a decentralized cloud computing platform built on cutting-edge cryptocurrency technology including MPC technology.
.... I think a lot of profits from STAKE and ORION is going to flow into this and the project has a huuuge potential. Please DYOR and accumulate before it's too late.
https://bitmax.io/#/cashtrade-spottrading/usdt/swingby
submitted by myaplus to CryptoMoonShots [link] [comments]

$MTXLT — The Fuel For Private DeFi

Call courtesy of facemeltersmicros on telegram
T.me/facemeltersmicros
Circ Supply: 47,844 Total Supply : 900,000
Price $47 Market Cap $2.2m
https://coinmarketcap.com/currencies/tixl/
Buy on probit exchange (liquidity is here) & Binance Dex
MTXLT (later TXL) is the native token of the Private DeFi Platform called Autobahn Network. It can be transferred through the network with zero-fees, reflecting the best features of today's cash.
What is Private DeFi?
Privacy should be fundamental in financial transactions. However, many existing DeFi platforms, such as Ethereum for example, fail to fulfil this criterion – either partly or completely. The Autobahn Network is one of the first of its kind to truly support private DeFi.
What is DeFi about the Autobahn Network?
The Autobahn Network will initially focus on the areas of asset tokenisation and providing a second-layer platform for existing assets on other chains. This will provide the foundation for offering further DeFi use cases in the future. The current focus is on the launch of Alphanet, which will be the first production release of the Autobahn Network.
The Autobahn Network is a decentralized next-generation, second-layer solution for digital assets. It provides the ability to use any cryptocurrency, including Bitcoin, as an efficient & effective means of world payment.
The Autobahn Network employs the most sophisticated technologies to have emerged from the blockchain world over recent years to build a decentralized network, tailored for payments. Bitcoin, and other digital assets, can be sent to the Autobahn Network. Once they are in the network they can then be transferred quickly, privately and with low transaction fees.
HOW DOES IT WORK?
• Send BTC to the Autobahn Network Gateway • The decentralized nodes hold your BTC via a Threshold Signature Scheme (TSS) • Transfer BTC within the network as often as you like • Withdraw BTC to the main blockchain, if you plan to hold it there • The decentralized nodes release your BTC via TSS
To fully appreciate high-speed, you have to experience it yourself. They have developed a fully working Testnet especially for this purpose:
https://autobahn.network/testnet
The Autobahn Network is developed by the non-profit company - Tixl gGmbH, based in Hamburg (Germany). Tixl raised seed capital of USD $1,250,000 in early 2019 by selling the Tixl Token (MTXLT) to retail investors.
Tech behind the Autobahn
https://medium.com/tixlcurrency/the-technology-behind-the-autobahn-network-81fdecf41c20
Most of the time the bottleneck is the consensus. Tixl use their own implementation of the Stellar Consensus Protocol (SCP). Since SCP is known to establish consensus within a few seconds, even if there are some more conflicting transactions, nodes will still be able to reach consensus quickly. It’s also known that SCP can deal with high transaction volumes. Although there is no verified statement from the Stellar foundation, there are rumors that SCP can handle 10,000 transactions per second in certain network constellations
Project milestones and key links
In the future:
Find more details on these events in the medium article released today
https://link.medium.com/qXfp3zjM57
WHY TIXL?
A number of different concepts for improving Bitcoin and the transfer of digital assets in general have been developed, with the ultimate goal of achieving fast and cheap transactions, or to provide privacy. The Tixl Token on the Autobahn Network provides a perfect combination of them all.
REVENUE STREAMS
Transaction Fees
Transactions in the Autobahn Network will be cheap but not completely free. Fees will be paid using in the currency of the asset being transfered. The revenue will then be used to purchase MTXLT on the open market. As a result, fees are indirectly paid in MTXLT.
Listing Fees
As soon as the Autobahn Network gains adoption, it will become a sought-after platform for other assets. A (monthly) listing fee, to be paid in MTXLT, will also serve to increase the public demand for MTXLT.
Additional Services
Besides the obvious sources of revenue, other features - like the purchase of nicknames - can also be used to generate revenue.
Social media buzz
Ivan on Tech about Tixl in "TOP ALTCOINS 2020 - Programmer explains"
https://youtu.be/ynyvwZetb8s
Something different?
Tixl global reserve has been developed to provide extra confidence to investors. Read more here:
https://medium.com/tixlcurrency/tixl-global-reserve-tgr-update-c59bee09c66d
Other questions
Do I need TXL to send and receive BTC and other third-party assets?
To ensure the greatest usability, they decided against using TXL directly as "fuel" because it would provide an obstacle to use if you had to buy TXL before you are able to transfer BTC, or other digital assets. The same issue has attracted criticism from users of other networks that support different assets. As a solution, they settled on the idea of allowing transaction fees for certain assets (for example, BTC) to be paid in their native currency. One can send BTC through the Autobahn Network without having to purchase TXL and pay much lower fees than you would on the Bitcoin blockchain itself.
How is Autobahn Network secured by Bitcoin?
To increase the decentralization of Autobahn Network, a hash representing the current state of the Autobahn Network ledger will be written onto the Bitcoin blockchain regularly. In doing so, the Autobahn Network will increase its trust level by leveraging the most secure and immutable blockchain in the world.
submitted by therealfacemelter to CryptoMoonShots [link] [comments]

Weekly Update: 2gether has 40k users, $BOMB on Uniswap, Ghost data service, Constellation State of the Union…– 5 Jun - 11 Jun'20

Weekly Update: 2gether has 40k users, $BOMB on Uniswap, Ghost data service, Constellation State of the Union…– 5 Jun - 11 Jun'20
Hey everyone! This is Part IV of VI from our May-June update catchup series (5 Jun - 11 Jun'20):

Yosma's Cheerful Cassowary beat Eva's Bright Beetle in a quick finale to win this week's Parena which had a massive $PAR pot thanks to a generous donation from Tony. Gamer Boy’s “Random Gk” and “Renewal from January” quizzes in Tiproom were fun as always. Plus, there were 10k $PAR in prizes. Cool! Charlotte’s “Mega Trivia” got everyone scratching their heads. CoD Mobile gamers were in for an epic time this week with Tavo hosting a tournament with a 3k $PAR pot in the Parachute War Zone. Two-for-Tuesday slid into the "rap, reggae and reggaeton" mode this week. Click here to listen to the playlist. Thanks Sebastian for setting it up! If you have been around for a while, you’ll know that Clinton’s charity, For Living Independence, does some amazing work. So the next time you shop on Amazon, don’t forget to show some love though AmazonSmile.
Cap and crew made their voices heard in NYC this week in solidarity with George Floyd
Congratulations to 2gether for crossing the 40k user mark this week. A new way for account top ups was introduced as well. This week’s CEO email covers news on the latest UX and the 2GT token. Youtuber Funontheride featured the email in his video. Filippo Angeloni covered the latest updates in his newest video as well. Founder Savador Casquero wrote about crypto staking in an Investing.com article. MakerDAO covered the 2gether card in its blog post on crypto debit cards. Following the XIO dApp update from last week, Citizens brainstormed about the UI this week. Citizens also talked about some of their contrarian beliefs in crypto. Bomb community started a Uniswap rewards program. Voyager raised USD 2.1M through a private placement from investors such as Streamlined Ventures, Susquehanna, Market Rebellion etc. Their stock has seen some enormous growth this year too. CEO Stephen Ehrlich shared his thoughts on the crypto market in a recent Bloomberg article. The team also took inputs from the community on which crypto to list next. John McAfee announced a Ghost cell phone data service to be released in September. Check out how the eSIM will work from the sneak peek video. The list of supported phones is mentioned here. And hope you had good fun in ParJar Gaming while winning some cool $ESH. A new set of upgrades were pushed to the Fantom Wallet. For the latest technical update on the project, click here. This week, I also wrote a Hackernoon article (with my co-author Rohit) exploring projects which had unique variations to Proof-of-Stake for their chain consensus. Among the projects featured were Fantom, COTI and Harmony. Jeff from Uptrennd will be speaking at the LA Blockchain Summit in October this year. The winners of the Blockchain Awards were announced. The newest Opacity release allows expired accounts to be revived within 2 months of expiry.
Fantom, Harmony and COTI take up a tiny but growing slice in the global staking pie
Catch up on the latest District0x weekly update and dev update from here and here respectively. The Q1 2020 report was released as well. The project is still sitting on a healthy crypto asset base of USD 4M+. Hydro team shared a guide to choosing a prepaid debit card program manager. Their PaaS report was also covered by Finovate this week. A new research page for featuring all of Hydro’s fintech research material was released. The successful applicants of the Project Hydro Decentralization Ambassador Program (which started in May) were voted upon this week and 7 DAs were elected. Silent Notary, Ubikiri and IDL integrations were completed this week with Silent Notary now appearing in Applications section of Ubikiri. A roundup of the latest updates was published as well. Sentivate founder Thomas Marchi sat down for an interview with MineYourBiz Monday’s NrdGrl007. Mycro announced that Chaia.io will be hosting a campaign on the Mycro Hunter App soon. SelfKey’s Data Breach compendium was updated this week. And if you’re a Product Designer looking for remote work, don’t forget to check out this opening at SelfKey. What next for Constellation? Watch the Constellation Network State of The Union to find out. Their educational group Startdust Collective made a brand video and a high level explainer article on the HyperGraph Transport Protocol. Pynk is thinking about doing a global crowdfunding campaign as opposed to one that is restricted to certain countries only. In light of this, the Pynk Crowd Wisdom was put to work to find out the best way to go about this.
Results of the Project Hydro DA Elections
Wibson’s latest app update was covered by Cointelegraph and Europe World News. Click here to catch up on this week’s detailed work thread from the Harmony project. A recent Harmony ecosystem is the SmartStake dashboard to check staking stats. Sprout Wallet now supports core utilities of HRC20 tokens. The team sat down for an AMA with Binance India and KuCoin this week. Next week they will be doing another AMA with the larger Binance community. Some insights about the Harmony grants were shared in this week’s community call. Read up on Intellishare founder Raymond Xiong’s thoughts on DAOs which he shared as part of a speaker panel at the 2020 Digital Innovation Project Exchange Conference. The team also published a post on how they aim to solve the DeFi congestion. The TestNet is expected to arrive soon as well. After the latest livestream of DI-RECT’s concert which saw ~10k attendees, GET Protocol announced that they will be facilitating tickets to the follow-up show as well. A recap of the COTI journey was published to mark the one-year anniversary of the project and the occasion was celebrated with a fun trivia. DoYourTip community voted to have liquidity rewards for pooling $DYT on Uniswap.

And with that, it’s a wrap! See you again with another update. Ciao!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

RESEARCH REPORT ABOUT KYBER NETWORK

RESEARCH REPORT ABOUT KYBER NETWORK
Author: Gamals Ahmed, CoinEx Business Ambassador

https://preview.redd.it/9k31yy1bdcg51.jpg?width=936&format=pjpg&auto=webp&s=99bcb7c3f50b272b7d97247b369848b5d8cc6053

ABSTRACT

In this research report, we present a study on Kyber Network. Kyber Network is a decentralized, on-chain liquidity protocol designed to make trading tokens simple, efficient, robust and secure.
Kyber design allows any party to contribute to an aggregated pool of liquidity within each blockchain while providing a single endpoint for takers to execute trades using the best rates available. We envision a connected liquidity network that facilitates seamless, decentralized cross-chain token swaps across Kyber based networks on different chains.
Kyber is a fully on-chain liquidity protocol that enables decentralized exchange of cryptocurrencies in any application. Liquidity providers (Reserves) are integrated into one single endpoint for takers and users. When a user requests a trade, the protocol will scan the entire network to find the reserve with the best price and take liquidity from that particular reserve.

1.INTRODUCTION

DeFi applications all need access to good liquidity sources, which is a critical component to provide good services. Currently, decentralized liquidity is comprised of various sources including DEXes (Uniswap, OasisDEX, Bancor), decentralized funds and other financial apps. The more scattered the sources, the harder it becomes for anyone to either find the best rate for their trade or to even find enough liquidity for their need.
Kyber is a blockchain-based liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application.
The protocol allows for a wide range of implementation possibilities for liquidity providers, allowing a wide range of entities to contribute liquidity, including end users, decentralized exchanges and other decentralized protocols. On the taker side, end users, cryptocurrency wallets, and smart contracts are able to perform instant and trustless token trades at the best rates available amongst the sources.
The Kyber Network is project based on the Ethereum protocol that seeks to completely decentralize the exchange of crypto currencies and make exchange trustless by keeping everything on the blockchain.
Through the Kyber Network, users should be able to instantly convert or exchange any crypto currency.

1.1 OVERVIEW ABOUT KYBER NETWORK PROTOCOL

The Kyber Network is a decentralized way to exchange ETH and different ERC20 tokens instantly — no waiting and no registration needed.
Using this protocol, developers can build innovative payment flows and applications, including instant token swap services, ERC20 payments, and financial DApps — helping to build a world where any token is usable anywhere.
Kyber’s fully on-chain design allows for full transparency and verifiability in the matching engine, as well as seamless composability with DApps, not all of which are possible with off-chain or hybrid approaches. The integration of a large variety of liquidity providers also makes Kyber uniquely capable of supporting sophisticated schemes and catering to the needs of DeFi DApps and financial institutions. Hence, many developers leverage Kyber’s liquidity pool to build innovative financial applications, and not surprisingly, Kyber is the most used DeFi protocol in the world.
The Kyber Network is quite an established project that is trying to change the way we think of decentralised crypto currency exchange.
The Kyber Network has seen very rapid development. After being announced in May 2017 the testnet for the Kyber Network went live in August 2017. An ICO followed in September 2017, with the company raising 200,000 ETH valued at $60 million in just one day.
The live main net was released in February 2018 to whitelisted participants, and on March 19, 2018, the Kyber Network opened the main net as a public beta. Since then the network has seen increasing growth, with network volumes growing more than 500% in the first half of 2019.
Although there was a modest decrease in August 2019 that can be attributed to the price of ETH dropping by 50%, impacting the overall total volumes being traded and processed globally.
They are developing a decentralised exchange protocol that will allow developers to build payment flows and financial apps. This is indeed quite a competitive market as a number of other such protocols have been launched.
In Brief - Kyber Network is a tool that allows anyone to swap tokens instantly without having to use exchanges. - It allows vendors to accept different types of cryptocurrency while still being paid in their preferred crypto of choice. - It’s built primarily for Ethereum, but any smart-contract based blockchain can incorporate it.
At its core, Kyber is a decentralized way to exchange ETH and different ERC20 tokens instantly–no waiting and no registration needed. To do this Kyber uses a diverse set of liquidity pools, or pools of different crypto assets called “reserves” that any project can tap into or integrate with.
A typical use case would be if a vendor allowed customers to pay in whatever currency they wish, but receive the payment in their preferred token. Another example would be for Dapp users. At present, if you are not a token holder of a certain Dapp you can’t use it. With Kyber, you could use your existing tokens, instantly swap them for the Dapp specific token and away you go.
All this swapping happens directly on the Ethereum blockchain, meaning every transaction is completely transparent.

1.1.1 WHY BUILD THE KYBER NETWORK?

While crypto currencies were built to be decentralized, many of the exchanges for trading crypto currencies have become centralized affairs. This has led to security vulnerabilities, with many exchanges becoming the victims of hacking and theft.
It has also led to increased fees and costs, and the centralized exchanges often come with slow transfer times as well. In some cases, wallets have been locked and users are unable to withdraw their coins.
Decentralized exchanges have popped up recently to address the flaws in the centralized exchanges, but they have their own flaws, most notably a lack of liquidity, and often times high costs to modify trades in their on-chain order books.

Some of the Integrations with Kyber Protocol
The Kyber Network was formed to provide users with a decentralized exchange that keeps everything right on the blockchain, and uses a reserve system rather than an order book to provide high liquidity at all times. This will allow for the exchange and transfer of any cryptocurrency, even cross exchanges, and costs will be kept at a minimum as well.
The Kyber Network has three guiding design philosophies since the start:
  1. To be most useful the network needs to be platform-agnostic, which allows any protocol or application the ability to take advantage of the liquidity provided by the Kyber Network without any impact on innovation.
  2. The network was designed to make real-world commerce and decentralized financial products not only possible but also feasible. It does this by allowing for instant token exchange across a wide range of tokens, and without any settlement risk.
  3. The Kyber Network was created with ease of integration as a priority, which is why everything runs fully on-chain and fully transparent. Kyber is not only developer-friendly, but is also compatible with a wide variety of systems.

1.1.2 WHO INVENTED KYBER?

Kyber’s founders are Loi Luu, Victor Tran, Yaron Velner — CEO, CTO, and advisor to the Kyber Network.

1.1.3 WHAT DISTINGUISHES KYBER?

Kyber’s mission has always been to integrate with other protocols so they’ve focused on being developer-friendly by providing architecture to allow anyone to incorporate the technology onto any smart-contract powered blockchain. As a result, a variety of different dapps, vendors, and wallets use Kyber’s infrastructure including Set Protocol, bZx, InstaDApp, and Coinbase wallet.
Besides, dapps, vendors, and wallets, Kyber also integrates with other exchanges such as Uniswap — sharing liquidity pools between the two protocols.
A typical use case would be if a vendor allowed customers to pay in whatever currency they wish, but receive the payment in their preferred token. Another example would be for Dapp users. At present, if you are not a token holder of a certain Dapp you can’t use it. With Kyber, you could use your existing tokens, instantly swap them for the Dapp specific token and away you go.
Limit orders on Kyber allow users to set a specific price in which they would like to exchange a token instead of accepting whatever price currently exists at the time of trading. However, unlike with other exchanges, users never lose custody of their crypto assets during limit orders on Kyber.
The Kyber protocol works by using pools of crypto funds called “reserves”, which currently support over 70 different ERC20 tokens. Reserves are essentially smart contracts with a pool of funds. Different parties with different prices and levels of funding control all reserves. Instead of using order books to match buyers and sellers to return the best price, the Kyber protocol looks at all the reserves and returns the best price among the different reserves. Reserves make money on the “spread” or differences between the buying and selling prices. The Kyber wants any token holder to easily convert one token to another with a minimum of fuss.

1.2 KYBER PROTOCOL

The protocol smart contracts offer a single interface for the best available token exchange rates to be taken from an aggregated liquidity pool across diverse sources. ● Aggregated liquidity pool. The protocol aggregates various liquidity sources into one liquidity pool, making it easy for takers to find the best rates offered with one function call. ● Diverse sources of liquidity. The protocol allows different types of liquidity sources to be plugged into. Liquidity providers may employ different strategies and different implementations to contribute liquidity to the protocol. ● Permissionless. The protocol is designed to be permissionless where any developer can set up various types of reserves, and any end user can contribute liquidity. Implementations need to take into consideration various security vectors, such as reserve spamming, but can be mitigated through a staking mechanism. We can expect implementations to be permissioned initially until the maintainers are confident about these considerations.
The core feature that the Kyber protocol facilitates is the token swap between taker and liquidity sources. The protocol aims to provide the following properties for token trades: ● Instant Settlement. Takers do not have to wait for their orders to be fulfilled, since trade matching and settlement occurs in a single blockchain transaction. This enables trades to be part of a series of actions happening in a single smart contract function. ● Atomicity. When takers make a trade request, their trade either gets fully executed, or is reverted. This “all or nothing” aspect means that takers are not exposed to the risk of partial trade execution. ● Public rate verification. Anyone can verify the rates that are being offered by reserves and have their trades instantly settled just by querying from the smart contracts. ● Ease of integration. Trustless and atomic token trades can be directly and easily integrated into other smart contracts, thereby enabling multiple trades to be performed in a smart contract function.
How each actor works is specified in Section Network Actors. 1. Takers refer to anyone who can directly call the smart contract functions to trade tokens, such as end-users, DApps, and wallets. 2. Reserves refer to anyone who wishes to provide liquidity. They have to implement the smart contract functions defined in the reserve interface in order to be registered and have their token pairs listed. 3. Registered reserves refer to those that will be cycled through for matching taker requests. 4. Maintainers refer to anyone who has permission to access the functions for the adding/removing of reserves and token pairs, such as a DAO or the team behind the protocol implementation. 5. In all, they comprise of the network, which refers to all the actors involved in any given implementation of the protocol.
The protocol implementation needs to have the following: 1. Functions for takers to check rates and execute the trades 2. Functions for the maintainers to registeremove reserves and token pairs 3. Reserve interface that defines the functions reserves needs to implement
https://preview.redd.it/d2tcxc7wdcg51.png?width=700&format=png&auto=webp&s=b2afde388a77054e6731772b9115ee53f09b6a4a

1.3 KYBER CORE SMART CONTRACTS

Kyber Core smart contracts is an implementation of the protocol that has major protocol functions to allow actors to join and interact with the network. For example, the Kyber Core smart contracts provide functions for the listing and delisting of reserves and trading pairs by having clear interfaces for the reserves to comply to be able to register to the network and adding support for new trading pairs. In addition, the Kyber Core smart contracts also provide a function for takers to query the best rate among all the registered reserves, and perform the trades with the corresponding rate and reserve. A trading pair consists of a quote token and any other token that the reserve wishes to support. The quote token is the token that is either traded from or to for all trades. For example, the Ethereum implementation of the Kyber protocol uses Ether as the quote token.
In order to search for the best rate, all reserves supporting the requested token pair will be iterated through. Hence, the Kyber Core smart contracts need to have this search algorithm implemented.
The key functions implemented in the Kyber Core Smart Contracts are listed in Figure 2 below. We will visit and explain the implementation details and security considerations of each function in the Specification Section.

1.4 HOW KYBER’S ON-CHAIN PROTOCOL WORKS?

Kyber is the liquidity infrastructure for decentralized finance. Kyber aggregates liquidity from diverse sources into a pool, which provides the best rates for takers such as DApps, Wallets, DEXs, and End users.

1.4.1 PROVIDING LIQUIDITY AS A RESERVE

Anyone can operate a Kyber Reserve to market make for profit and make their tokens available for DApps in the ecosystem. Through an open reserve architecture, individuals, token teams and professional market makers can contribute token assets to Kyber’s liquidity pool and earn from the spread in every trade. These tokens become available at the best rates across DApps that tap into the network, making them instantly more liquid and useful.
MAIN RESERVE TYPES Kyber currently has over 45 reserves in its network providing liquidity. There are 3 main types of reserves that allow different liquidity contribution options to suit the unique needs of different providers. 1. Automated Price Reserves (APR) — Allows token teams and users with large token holdings to have an automated yet customized pricing system with low maintenance costs. Synthetix and Melon are examples of teams that run APRs. 2. Fed Price Reserves (FPR) — Operated by professional market makers that require custom and advanced pricing strategies tailored to their specific needs. Kyber alongside reserves such as OneBit, runs FPRs. 3. Bridge Reserves (BR) — These are specialized reserves meant to bring liquidity from other on-chain liquidity providers like Uniswap, Oasis, DutchX, and Bancor into the network.

1.5 KYBER NETWORK ROLES

There Kyber Network functions through coordination between several different roles and functions as explained below: - Users — This entity uses the Kyber Network to send and receive tokens. A user can be an individual, a merchant, and even a smart contract account. - Reserve Entities — This role is used to add liquidity to the platform through the dynamic reserve pool. Some reserve entities are internal to the Kyber Network, but others may be registered third parties. Reserve entities may be public if the public contributes to the reserves they hold, otherwise they are considered private. By allowing third parties as reserve entities the network adds diversity, which prevents monopolization and keeps exchange rates competitive. Allowing third party reserve entities also allows for the listing of less popular coins with lower volumes. - Reserve Contributors — Where reserve entities are classified as public, the reserve contributor is the entity providing reserve funds. Their incentive for doing so is a profit share from the reserve. - The Reserve Manager — Maintains the reserve, calculates exchange rates and enters them into the network. The reserve manager profits from exchange spreads set by them on their reserves. They can also benefit from increasing volume by accessing the entire Kyber Network. - The Kyber Network Operator — Currently the Kyber Network team is filling the role of the network operator, which has a function to adds/remove Reserve Entities as well as controlling the listing of tokens. Eventually, this role will revert to a proper decentralized governance.

1.6 BASIC TOKEN TRADE

A basic token trade is one that has the quote token as either the source or destination token of the trade request. The execution flow of a basic token trade is depicted in the diagram below, where a taker would like to exchange BAT tokens for ETH as an example. The trade happens in a single blockchain transaction. 1. Taker sends 1 ETH to the protocol contract, and would like to receive BAT in return. 2. Protocol contract queries the first reserve for its ETH to BAT exchange rate. 3. Reserve 1 offers an exchange rate of 1 ETH for 800 BAT. 4. Protocol contract queries the second reserve for its ETH to BAT exchange rate. 5. Reserve 2 offers an exchange rate of 1 ETH for 820 BAT. 6. This process goes on for the other reserves. After the iteration, reserve 2 is discovered to have offered the best ETH to BAT exchange rate. 7. Protocol contract sends 1 ETH to reserve 2. 8. The reserve sends 820 BAT to the taker.

1.7 TOKEN-TO-TOKEN TRADE

A token-to-token trade is one where the quote token is neither the source nor the destination token of the trade request. The exchange flow of a token to token trade is depicted in the diagram below, where a taker would like to exchange BAT tokens for DAI as an example. The trade happens in a single blockchain transaction. 1. Taker sends 50 BAT to the protocol contract, and would like to receive DAI in return. 2. Protocol contract sends 50 BAT to the reserve offering the best BAT to ETH rate. 3. Protocol contract receives 1 ETH in return. 4. Protocol contract sends 1 ETH to the reserve offering the best ETH to DAI rate. 5. Protocol contract receives 30 DAI in return. 6. Protocol contract sends 30 DAI to the user.

2.KYBER NETWORK CRYSTAL (KNC) TOKEN

Kyber Network Crystal (KNC) is an ERC-20 utility token and an integral part of Kyber Network.
KNC is the first deflationary staking token where staking rewards and token burns are generated from actual network usage and growth in DeFi.
The Kyber Network Crystal (KNC) is the backbone of the Kyber Network. It works to connect liquidity providers and those who need liquidity and serves three distinct purposes. The first of these is to collect transaction fees, and a portion of every fee collected is burned, which keeps KNC deflationary. Kyber Network Crystals (KNC), are named after the crystals in Star Wars used to power light sabers.
The KNC also ensures the smooth operation of the reserve system in the Kyber liquidity since entities must use third-party tokens to buy the KNC that pays for their operations in the network.
KNC allows token holders to play a critical role in determining the incentive system, building a wide base of stakeholders, and facilitating economic flow in the network. A small fee is charged each time a token exchange happens on the network, and KNC holders get to vote on this fee model and distribution, as well as other important decisions. Over time, as more trades are executed, additional fees will be generated for staking rewards and reserve rebates, while more KNC will be burned. - Participation rewards — KNC holders can stake KNC in the KyberDAO and vote on key parameters. Voters will earn staking rewards (in ETH) - Burning — Some of the network fees will be burned to reduce KNC supply permanently, providing long-term value accrual from decreasing supply. - Reserve incentives — KNC holders determine the portion of network fees that are used as rebates for selected liquidity providers (reserves) based on their volume performance.

Finally, the KNC token is the connection between the Kyber Network and the exchanges, wallets, and dApps that leverage the liquidity network. This is a virtuous system since entities are rewarded with referral fees for directing more users to the Kyber Network, which helps increase adoption for Kyber and for the entities using the Network.
And of course there will soon be a fourth and fifth uses for the KNC, which will be as a staking token used to generate passive income, as well as a governance token used to vote on key parameters of the network.
The Kyber Network Crystal (KNC) was released in a September 2017 ICO at a price around $1. There were 226,000,000 KNC minted for the ICO, with 61% sold to the public. The remaining 39% are controlled 50/50 by the company and the founders/advisors, with a 1 year lockup period and 2 year vesting period.
Currently, just over 180 million coins are in circulation, and the total supply has been reduced to 210.94 million after the company burned 1 millionth KNC token in May 2019 and then its second millionth KNC token just three months later.
That means that while it took 15 months to burn the first million KNC, it took just 10 weeks to burn the second million KNC. That shows how rapidly adoption has been growing recently for Kyber, with July 2019 USD trading volumes on the Kyber Network nearly reaching $60 million. This volume has continued growing, and on march 13, 2020 the network experienced its highest daily trading activity of $33.7 million in a 24-hour period.
Currently KNC is required by Reserve Managers to operate on the network, which ensures a minimum amount of demand for the token. Combined with future plans for burning coins, price is expected to maintain an upward bias, although it has suffered along with the broader market in 2018 and more recently during the summer of 2019.
It was unfortunate in 2020 that a beginning rally was cut short by the coronavirus pandemic, although the token has stabilized as of April 2020, and there are hopes the rally could resume in the summer of 2020.

2.1 HOW ARE KNC TOKENS PRODUCED?

The native token of Kyber is called Kyber Network Crystals (KNC). All reserves are required to pay fees in KNC for the right to manage reserves. The KNC collected as fees are either burned and taken out of the total supply or awarded to integrated dapps as an incentive to help them grow.

2.2 HOW DO YOU GET HOLD OF KNC TOKENS?

Kyber Swap can be used to buy ETH directly using a credit card, which can then be used to swap for KNC. Besides Kyber itself, exchanges such as Binance, Huobi, and OKex trade KNC.

2.3 WHAT CAN YOU DO WITH KYBER?

The most direct and basic function of Kyber is for instantly swapping tokens without registering an account, which anyone can do using an Etheruem wallet such as MetaMask. Users can also create their own reserves and contribute funds to a reserve, but that process is still fairly technical one–something Kyber is working on making easier for users in the future.

2.4 THE GOAL OF KYBER THE FUTURE

The goal of Kyber in the coming years is to solidify its position as a one-stop solution for powering liquidity and token swapping on Ethereum. Kyber plans on a major protocol upgrade called Katalyst, which will create new incentives and growth opportunities for all stakeholders in their ecosystem, especially KNC holders. The upgrade will mean more use cases for KNC including to use KNC to vote on governance decisions through a decentralized organization (DAO) called the KyberDAO.
With our upcoming Katalyst protocol upgrade and new KNC model, Kyber will provide even more benefits for stakeholders. For instance, reserves will no longer need to hold a KNC balance for fees, removing a major friction point, and there will be rebates for top performing reserves. KNC holders can also stake their KNC to participate in governance and receive rewards.

2.5 BUYING & STORING KNC

Those interested in buying KNC tokens can do so at a number of exchanges. Perhaps your best bet between the complete list is the likes of Coinbase Pro and Binance. The former is based in the USA whereas the latter is an offshore exchange.
The trading volume is well spread out at these exchanges, which means that the liquidity is not concentrated and dependent on any one exchange. You also have decent liquidity on each of the exchange books. For example, the Binance BTC / KNC books are wide and there is decent turnover. This means easier order execution.
KNC is an ERC20 token and can be stored in any wallet with ERC20 support, such as MyEtherWallet or MetaMask. One interesting alternative is the KyberSwap Android mobile app that was released in August 2019.
It allows for instant swapping of tokens and has support for over 70 different altcoins. It also allows users to set price alerts and limit orders and works as a full-featured Ethereum wallet.

2.6 KYBER KATALYST UPGRADE

Kyber has announced their intention to become the de facto liquidity layer for the Decentralized Finance space, aiming to have Kyber as the single on-chain endpoint used by the majority of liquidity providers and dApp developers. In order to achieve this goal the Kyber Network team is looking to create an open ecosystem that garners trust from the decentralized finance space. They believe this is the path that will lead the majority of projects, developers, and users to choose Kyber for liquidity needs. With that in mind they have recently announced the launch of a protocol upgrade to Kyber which is being called Katalyst.
The Katalyst upgrade will create a stronger ecosystem by creating strong alignments towards a common goal, while also strengthening the incentives for stakeholders to participate in the ecosystem.
The primary beneficiaries of the Katalyst upgrade will be the three major Kyber stakeholders: 1. Reserve managers who provide network liquidity; 2. dApps that connect takers to Kyber; 3. KNC holders.
These stakeholders can expect to see benefits as highlighted below: Reserve Managers will see two new benefits to providing liquidity for the network. The first of these benefits will be incentives for providing reserves. Once Katalyst is implemented part of the fees collected will go to the reserve managers as an incentive for providing liquidity.
This mechanism is similar to rebates in traditional finance, and is expected to drive the creation of additional reserves and market making, which in turn will lead to greater liquidity and platform reach.
Katalyst will also do away with the need for reserve managers to maintain a KNC balance for use as network fees. Instead fees will be automatically collected and used as incentives or burned as appropriate. This should remove a great deal of friction for reserves to connect with Kyber without affecting the competitive exchange rates that takers in the system enjoy. dApp Integrators will now be able to set their own spread, which will give them full control over their own business model. This means the current fee sharing program that shares 30% of the 0.25% fee with dApp developers will go away and developers will determine their own spread. It’s believed this will increase dApp development within Kyber as developers will now be in control of fees.
KNC Holders, often thought of as the core of the Kyber Network, will be able to take advantage of a new staking mechanism that will allow them to receive a portion of network fees by staking their KNC and participating in the KyberDAO.

2.7 COMING KYBERDAO

With the implementation of the Katalyst protocol the KNC holders will be put right at the heart of Kyber. Holders of KNC tokens will now have a critical role to play in determining the future economic flow of the network, including its incentive systems.
The primary way this will be achieved is through KyberDAO, a way in which on-chain and off-chain governance will align to streamline cooperation between the Kyber team, KNC holders, and market participants.
The Kyber Network team has identified 3 key areas of consideration for the KyberDAO: 1. Broad representation, transparent governance and network stability 2. Strong incentives for KNC holders to maintain their stake and be highly involved in governance 3. Maximizing participation with a wide range of options for voting delegation
Interaction between KNC Holders & Kyber
This means KNC holders have been empowered to determine the network fee and how to allocate the fees to ensure maximum network growth. KNC holders will now have three fee allocation options to vote on: - Voting Rewards: Immediate value creation. Holders who stake and participate in the KyberDAO get their share of the fees designated for rewards. - Burning: Long term value accrual. The decreasing supply of KNC will improve the token appreciation over time and benefit those who did not participate. - Reserve Incentives:Value creation via network growth. By rewarding Kyber reserve managers based on their performance, it helps to drive greater volume, value, and network fees.

2.8 TRANSPARENCY AND STABILITY

The design of the KyberDAO is meant to allow for the greatest network stability, as well as maximum transparency and the ability to quickly recover in emergency situations. Initally the Kyber team will remain as maintainers of the KyberDAO. The system is being developed to be as verifiable as possible, while still maintaining maximum transparency regarding the role of the maintainer in the DAO.
Part of this transparency means that all data and processes are stored on-chain if feasible. Voting regarding network fees and allocations will be done on-chain and will be immutable. In situations where on-chain storage or execution is not feasible there will be a set of off-chain governance processes developed to ensure all decisions are followed through on.

2.9 KNC STAKING AND DELEGATION

Staking will be a new addition and both staking and voting will be done in fixed periods of times called “epochs”. These epochs will be measured in Ethereum block times, and each KyberDAO epoch will last roughly 2 weeks.
This is a relatively rapid epoch and it is beneficial in that it gives more rapid DAO conclusion and decision-making, while also conferring faster reward distribution. On the downside it means there needs to be a new voting campaign every two weeks, which requires more frequent participation from KNC stakeholders, as well as more work from the Kyber team.
Delegation will be part of the protocol, allowing stakers to delegate their voting rights to third-party pools or other entities. The pools receiving the delegation rights will be free to determine their own fee structure and voting decisions. Because the pools will share in rewards, and because their voting decisions will be clearly visible on-chain, it is expected that they will continue to work to the benefit of the network.

3. TRADING

After the September 2017 ICO, KNC settled into a trading price that hovered around $1.00 (decreasing in BTC value) until December. The token has followed the trend of most other altcoins — rising in price through December and sharply declining toward the beginning of January 2018.
The KNC price fell throughout all of 2018 with one exception during April. From April 6th to April 28th, the price rose over 200 percent. This run-up coincided with a blog post outlining plans to bring Bitcoin to the Ethereum blockchain. Since then, however, the price has steadily fallen, currently resting on what looks like a $0.15 (~0.000045 BTC) floor.
With the number of partners using the Kyber Network, the price may rise as they begin to fully use the network. The development team has consistently hit the milestones they’ve set out to achieve, so make note of any release announcements on the horizon.

4. COMPETITION

The 0x project is the biggest competitor to Kyber Network. Both teams are attempting to enter the decentralized exchange market. The primary difference between the two is that Kyber performs the entire exchange process on-chain while 0x keeps the order book and matching off-chain.
As a crypto swap exchange, the platform also competes with ShapeShift and Changelly.

5.KYBER MILESTONES

• June 2020: Digifox, an all-in-one finance application by popular crypto trader and Youtuber Nicholas Merten a.k.a DataDash (340K subs), integrated Kyber to enable users to easily swap between cryptocurrencies without having to leave the application. • June 2020: Stake Capital partnered with Kyber to provide convenient KNC staking and delegation services, and also took a KNC position to participate in governance. • June 2020: Outlined the benefits of the Fed Price Reserve (FPR) for professional market makers and advanced developers. • May 2020: Kyber crossed US$1 Billion in total trading volume and 1 Million transactions, performed entirely on-chain on Ethereum. • May 2020: StakeWith.Us partnered Kyber Network as a KyberDAO Pool Master. • May 2020: 2Key, a popular blockchain referral solution using smart links, integrated Kyber’s on-chain liquidity protocol for seamless token swaps • May 2020: Blockchain game League of Kingdoms integrated Kyber to accept Token Payments for Land NFTs. • May 2020: Joined the Zcash Developer Alliance , an invite-only working group to advance Zcash development and interoperability. • May 2020: Joined the Chicago DeFi Alliance to help accelerate on-chain market making for professionals and developers. • March 2020: Set a new record of USD $33.7M in 24H fully on-chain trading volume, and $190M in 30 day on-chain trading volume. • March 2020: Integrated by Rarible, Bullionix, and Unstoppable Domains, with the KyberWidget deployed on IPFS, which allows anyone to swap tokens through Kyber without being blocked. • February 2020: Popular Ethereum blockchain game Axie Infinity integrated Kyber to accept ERC20 payments for NFT game items. • February 2020: Kyber’s protocol was integrated by Gelato Finance, Idle Finance, rTrees, Sablier, and 0x API for their liquidity needs. • January 2020: Kyber Network was found to be the most used protocol in the whole decentralized finance (DeFi) space in 2019, according to a DeFi research report by Binance. • December 2019: Switcheo integrated Kyber’s protocol for enhanced liquidity on their own DEX. • December 2019: DeFi Wallet Eidoo integrated Kyber for seamless in-wallet token swaps. • December 2019: Announced the development of the Katalyst Protocol Upgrade and new KNC token model. • July 2019: Developed the Waterloo Bridge , a Decentralized Practical Cross-chain Bridge between EOS and Ethereum, successfully demonstrating a token swap between Ethereum to EOS. • July 2019: Trust Wallet, the official Binance wallet, integrated Kyber as part of its decentralized token exchange service, allowing even more seamless in-wallet token swaps for thousands of users around the world. • May 2019: HTC, the large consumer electronics company with more than 20 years of innovation, integrated Kyber into its Zion Vault Wallet on EXODUS 1 , the first native web 3.0 blockchain phone, allowing users to easily swap between cryptocurrencies in a decentralized manner without leaving the wallet. • January 2019: Introduced the Automated Price Reserve (APR) , a capital efficient way for token teams and individuals to market make with low slippage. • January 2019: The popular Enjin Wallet, a default blockchain DApp on the Samsung S10 and S20 mobile phones, integrated Kyber to enable in-wallet token swaps. • October 2018: Kyber was a founding member of the WBTC (Wrapped Bitcoin) Initiative and DAO. • October 2018: Developed the KyberWidget for ERC20 token swaps on any website, with CoinGecko being the first major project to use it on their popular site.

Full Article

submitted by CoinEx_Institution to kybernetwork [link] [comments]

A Shift to Chromia Blockchain is Right Here

The purpose of Blockchain tech isn’t just to make money but to help in the development of a market place where everyone will have access to a better and reliable technology.
This outstanding feature is what chromia blockchain is continuing to demonstrate.
The past months has been busy period for Chromia team, the platform has pushed out a lot of exciting updates since the beginning of June 2020:
1.In the month of June 2020, Chromia team had a great AMA featuring the CEO Henrik Hjelte, and India’s Largest Cryptocurrency Exchange CoinDCX. You can read a good recap on it in the CoinDCX blog. Link to the AMA: https://blog.coindcx.com/ama-with-chromia/
2.The development of the LAC Property Chain Sponsored by the Inter-American Development Bank is in full progress. With this development, consortium land registries, banks, notaries, and governments in Peru, Bolivia, and Paraguay that will manage property transactions on the Chromia blockchain. Watch this YouTube video to learn more https://youtu.be/wymNVlCRc-o
3.Chromia Treasure hunt begins on July 12th 2020 and this has received remarkable participation by chromia fans across the globe. A pool of $5000 in CHR to be won!
4.OR Perelman, the COO of chromia was mentioned in a recent CoinDesk article.
Read the full piece here: coindesk.com/covid-19-e-commerce-bitcoin (http://coindesk.com/covid-19-e-commerce-bitcoin)
  1. Providing best solution to enterprise is one of the core objectives of Chromia platform, in view of this, Chromia entered a partnership with FDLT Technology! ✍️Learn more about FDLT here: https://fdlt.technology/
6.On July first Binance exchange begins Chromia trading competition! $50,000 in CHR tokens to be won! 🔥Duration was between: July 1 — July 8. Similar trading competition and airdrop event was held on Bithumb in celebration of the launch of Mines of Dalarnia on testnet! 2,800,000 CHR tokens were up for grabs!
7.On July 3rd 2020, CHR Launched on Boboo.com
8.As Binance exchange celebrates its 3rd anniversary, any one who trades $CHR will have an open gift worth up to $100 that could be share with his or her loved ones. Read the full details at https://www.binance.com/en/support/articles/e228be4662de47feb291107e4fd3dbdf
https://chromia.com
http://chromaway.com
submitted by dam30 to Teamchromia [link] [comments]

Ankr July Recap: DeFi, DeFi, DeFi

Ankr July Recap: DeFi, DeFi, DeFi

https://preview.redd.it/lzqek4zrree51.png?width=1000&format=png&auto=webp&s=f3dcae662249d60fb5c62f9866e4bf4cf9131ed2
July was a month of integrations and infrastructure. With the trend of DeFi getting hotter, you’ll also notice an uptick of DeFi projects that we are collaborating with.

Business update

Coinone infrastructure for Tron First on the list is our successful Coinone integration. Coinone is a premier Korean based exchange that now allows users to stake Tron TRX tokens directly in their accounts. A feature that is powered in the background by Ankr, and paves the way for more exchange integrations with our technology.

https://preview.redd.it/npn5w75uree51.png?width=700&format=png&auto=webp&s=9c9a5d6a61d84fd10fffee9fd9223ab7bf89c641
Ferrum Network Integration Second in our business updates is the integration with Ferrum Network and their entire product line. They originally were using Infura, but have moved away due to the robust and affordable cloud infrastructure we provide to blockchain-native enterprise clients.
Giving back with Oasis Lastly, Ankr is giving back in our partnership with the Oasis Foundation. We’re closely working with the Oasis team and supporting the Oasis Community Node program, and providing free hosting to all approved members of the program.

Community Update

We know that constant interaction with our users is key to developing a personal connection which is why we also devote our time “partnering” with the community, if you will.
Ignite community launch Ankr is heating things up with a move to Ignite, an uncensorable and decentralized microblogging social network with features that’ll be familiar for Twitter users. The service is built upon our partner Binance’s Smart Chain, and users can check us out here.

https://preview.redd.it/2t1a1bzvree51.png?width=700&format=png&auto=webp&s=700e81616206e8b07dc932d1db999f1bd727914e
Celo Vote dApp launch Governance is an essential part of many prominent cryptocurrencies but can be hard for the user just looking for passive income.
Our new CeloVote automates this and allows users to earn the maximum potential reward in a matter of seconds. The dApp is integrated with our platform and is just as easy as deploying any other node.

https://preview.redd.it/9kgqa12yree51.png?width=700&format=png&auto=webp&s=c19123b71abb4e6a44151b8469c3e4fce951b7c0
AMA with DeFi project Meter Meter is one of the many DeFi projects we are collaborating with this month. What separates Meter from the rest is pegging its purchasing power to electricity, which results in far more stable value than any fiat currency.
Our AMA (following our partnership) transcript can be read here.

Development Update

DeFi Integrations Besides Meter, we were also able to offer our services to upcoming projects Plutus DeFi and Keysians. Both are nascent platforms in the sector, and we look forward to seeing how our relationship with each deepens in the following months.
Polkadot, the next big thing Polkadot’s validator node integration was completed this month, allowing users to interact with the protocol looking to connect all blockchains. Additionally, Polkadot parachains Bifrost and ChainX completed integration this month as well with more on the way.
Binance Smart Chain integration Binance is working on a chain supporting smart contracts, optimized for developers and Ankr is thrilled to help.
Late last month we had launched developer tools to help get development going, and this month we followed up by enabling BNB staking for the Testnet! Keep an eye on this one, as we will release more news in the coming days!
Bitcoin Full node integration The several hours (or days, depending on your system) that it takes to initialize the 300GB blockchain for Bitcoin core is one of the main reasons why there are so few nodes.
We’re excited to announce that Bitcoin full nodes are now part of our platform — and we will suggest our community on some things you can do with all the time you’ll be saving. Keep your eyes on our blog!
Additional full node integrations Following on the heels of Bitcoin’s node integration, users can also now deploy full nodes to perform data analytics for the Decred, Elastos, ETH Classic, NEO, and Nuls native blockchains.

https://preview.redd.it/hfupzm40see51.png?width=700&format=png&auto=webp&s=62069d748b5249b7911fbdae8b6aabc406d21219

Looking forward

With the final ETH 2.0 testnet version “Medalla” being announced for an August 4th launch, we should start to see further developments for DeFi and Ethereum related dApps.
Regardless, Ankr is ready for when ETH 2.0 launches on the mainnet!

Follow Ankr on social media

submitted by hunnykaushal3 to Ankrofficial [link] [comments]

July 2020 Updates

July 2020 Updates

https://preview.redd.it/nnobdcikzre51.jpg?width=1280&format=pjpg&auto=webp&s=96de266298b85ee64ba151eb7658abb335477349
The month of July has been very busy but productive for the Swipe team. With the recent partnerships, announcements, and launches that were revealed, Swipe has indeed trying its best to achieve its mission of mainstreaming cryptocurrencies worldwide.
Swipe & Binance Seal Partnership
Swipe and Binance users got the exciting news that they have been waiting as the two companies simultaneously announced on July 7, its partnership through an acquisition move of Binance.
Binance, one of the world’s largest digital asset exchange, completed its acquisition of Swipe for an undisclosed amount. The acquisition aims to further mainstream the adoption of cryptocurrencies by bridging the gap between fiat and digital assets.
In line with this partnership, Swipe has also announced the integration of Binance Coin ($BNB) and Binance USD ($BUSD) on the Swipe Wallet application. Swipe users can now buy and sell crypto with their linked debit or credit cards, spend it to fiat via Swipe Visa Card and swap it instantly with other coins available on the app.
Also, Swipe’s native token $SXP is now listed on Binance Korea and Binance, with SXP/USDT perpetual contract with up to 50x leverage for all professional traders on the Binance platform.
Swipe Wallet v 1.5 Update
Swipe’s recent application update now lets users of choose from eight different languages such as English, Spanish, Italian, French, Portuguese, Chinese, Korean, and Japanese to use on their app. This will help users who are native speakers of these languages to transact within the app more effectively.
Download the updated app today: http://sw.pe/App
Swipe Card Rewards
Swipe Visa Card users will now have the choice to get up to 4% cashback in either Bitcoin ($BTC), Swipe Token ($SXP), or Binance Coin ($BNB) on every purchase at over 60 million merchants worldwide that accepts Visa.
European and the United Kingdom users can order their Swipe Visa cards their cards here: https://www.swipe.io/cards/
Swipe Slate Card Update
Swipe users who are interested to upgrade their current Swipe Saffron Cards to Swipe Slate cards can now do so with a lowered $SXP six-month stake requirement of 30,000 SXP!
This lowers the cost of entry for our black card by 10x from the initial 300,000 $SXP staking requirement.
Swipe x FTX
Swipe’s native token $SXP is now listed on FTX exchange. Users can now trade futures, spots, and leverage markets on FTX’s website. As $SXP markets are now live on FTX, both companies launched two events on the FTX platform to encourage users to start trading $SXP.
The first event, Buy/Deposit SXP and Split a 40,000 USD Prize Pool, was held from July 17 to 31. $20,000 prize was divided to users who net buy more than 100 SXP, and also another $20,000 to those who net deposit more than $100 or 100 SXP of accepted collateral into the FTX during the event.
The second event, which is the SXP Tokens Trading Competition, has a total prize of 15,000 USD. Participants who will trade more than $200 worth of SXP products will split the prize pool of a maximum of 10,000 USD. The event is still ongoing and will run until August 17. More details are available on https://ftx.com/competitions/swipe
SXP is now listed on Poloniex
$SXP is now listed on cryptocurrency exchange Poloniex. SXP wallets are now open at Poloniex, and users can now begin depositing SXP and trading SXP/BTC, SXP/TRX, and SXP/USDT.
Swipe and Poloniex also both gave away 1,500 worth of $SXP to the first 100 depositors of 200 $SXP at Poloniex.com. Prizes will be deposited within two weeks of the trading competition, which ended last July 24.
Swipe and Elrond Partnership
Swipe recently integrated Elrond Network’s $ERD on its platform. This will make the $ERD token directly available for onboarding to more than 500,000 new users.
$ERD will be spendable via Swipe Wallet and its Visa debit cards, at millions of locations worldwide where Visa is accepted and as well as through services such as Google Pay, Apple Pay & Samsung Pay.
In relation to this newly sealed partnership, it announced a promotional event that lets Swipe users get up to 5% $ERD cashback in ERD on net buys. The event which happened for five days, from July 27 to August 1, gave away up to $100 cashback in ERD per KYC user who help 1 to 1000 $SXP during the event period.
Swipe x Compound
Compound’s governance token $COMP is now integrated on the Swipe Wallet platform. Users can now begin to now buy and sell $COMP with their linked debit or credit cards, spend it to fiat via Swipe Visa Card, and swap it instantly with other coins available on the app.
Swipe Partners with Travala.com
Travala.com, a leading blockchain-based travel booking service, has sealed a notable partnership with Swipe by adding $AVA to the Swipe platform. In addition to its integration on the platform, which will help $AVA users to convert, spend and buy it easily using the mobile application, Swipe Token ($SXP) is now added on Travala.com’s list of preferred payment option at over 2 million hotels and accommodations around the world.
Share your Swipe Visa Card and Win!
Swipe will select 3 lucky participants who will win 500 SXP by simply sharing a photo or video of your actual Swipe Card in action on Facebook, Twitter, Instagram, Reddit, or LinkedIn.
Users must tag their posts with the #GotSwipe hashtag, follow @SwipeWallet on Twitter, or @Swipe on Instagram, Facebook, and LinkedIn.
Three lucky winners in each platform will be selected by the team!
Swipe Launches Staking and DeFi
Swipe is proud to announce that it has launched its test network for Swipe Network Staking with up to 12% APY staking rewards and its plans to launch a Decentralized Finance Lending or Earn application on Binance Smart Chain with Swipe Governance.
With the launch of the Swipe Network testnet, users can use the Swipe Faucet to grab testnet-SXP to use on the decentralized finance application. Users will be able to bond SXP to the Swipe Network smart contract as collateral to ensure the guarantee of conversions for these exchanges.
Meanwhile, Swipe plans to launch a DeFi App on Binance Chain called SwipeFi, which will enable Binance Chain tokens to be used to earn interest on their supply of collateral to the protocol and borrow against their collateral directly on the Binance blockchain. Swipe has been working with the core developers of Binance Smart Chain through the acquisition and partnerships between Swipe and Binance, to launch SwipeFi.
SwipeFi will initially support BTC, BNB, ETH, BUSD, TUSD, and SXP to supply or borrow. The protocol will be governed by a new Binance Chain BEP2 token: Swipe Governance Token (SGV).
Click the LINK to get further information about the Network Staking and DeFi.
40 More Winners on Twitter Giveaway
Forty more winners, who will simply follow Swipe and its Chief Executive Officer Joselito Lizarondo on Twitter, like the contest tweet, and retweet and tag three friends, will get a chance to win $100 BTC each. Ten winners will be announced every week on Swipe’s Twitter page.
---
Stay up-to-date with all the latest news from Swipe
Website: https://swipe.io
Twitter: https://twitter.com/SwipeWallet
Facebook: https://facebook.com/Swipe
Instagram: https://instagram.com/Swipe
Medium: https://medium.com/Swipe
Telegram: https://t.me/SwipeWallet & https://t.me/Swipe
LinkedIn: https://www.linkedin.com/company/swipewallet
YouTube: https://youtube.com/SwipeWallet
submitted by SwipeWallet to Swipe_io [link] [comments]

Question Roundup - June 2020

The following questions were asked in our Telegram: t.me/ptokens

Q: What is the use case for pBTC tokens?
A: pBTC and other pTokens (pLTC, pEOS, etc) ensure that DApps can be accessible to anyone using cryptocurrencies, without them having to sell their Bitcoin, LItecoin, EOS, or any blockchain asset that they hold.
With the pTokens DApp, you can deposit your bitcoin and mint pBTC to enable portability to Ethereum and EOS blockchains. This allows you to explore new DApps and DeFi opportunities outside of the Bitcoin blockchain without selling your underlying BTC asset.
With pBTC you can:

Q: What is Crosschain?
A: Crosschain is a term indicating that multiple blockchains are connected and interoperable.

Q: Can I exchange pBTC for WBTC?
A: Yes you can swap for WBTC directly through the Eidoo wallet or with Kyber Network.
Or to move from Bitcoin to WBTC, you can utilize pBTC. First, swap BTC for pBTC via the pTokens DApp. Then swap pBTC for WBTC on Uniswap, utilizing the pBTC/WBTC liquidity pool, or through Kyber Network.

Q: Let's say I can get 6% interest over my pBTC in a DeFi project – how does it work when I redeem my BTC?
A: If you peg-in 1 BTC in pTokens, 1 pBTC is minted. Suppose that after one year you earn 6% on your pBTC and want to redeem your underlying asset. You will peg-out 1.06 pBTC and you will receive 1.06 BTC.

Q: What are the contract addresses of pBTC?
A: pBTC on ETH: https://etherscan.io/token/0x5228a22e72ccc52d415ecfd199f99d0665e7733b
pBTC EOS: https://bloks.io/account/btc.ptokens

Q: What projects have integrated pTokens?
A: We’ve integrated with a range of liquidity providers, DEXs, and frameworks such as dMEX, Loopring, Kyber Network, Bancor, and Equilibrium.
There’s also support for pBTC on popular DEX aggregators like 1inchExchange, Dex.ag, and Paraswap, as well as on wallets like Argent, MyEtherWallet, Trust Wallet, and Eidoo.
You can find our full (and growing) list of integrations at: ptokens.io/integrations

Q: Do you have any new pTokens bridges planned? Which are live now?
A: pBTC is currently on mainnet, both on Ethereum and EOS. And on testnet, pTokens currently has pLTC on ETH and pEOS on ETH. We are working on a few more pTokens bridges that will be released in the coming months, but going forward the pNetwork DAO will decide which pTokens assets and bridges are implemented.
You can see our planned assets here under “assets supported.”

Q: What phase is pTokens in, and when will it start the next phase?
A: p.Network is currently in phase 0 of its progressive decentralization roadmap. This means that pTokens are currently running on a single enclave, trust minimized, while future phases will be decentralized and trustless. The pNetwork DAO will launch in the coming weeks, and Phase1 will launch in Q3.
For more on the pNetwork roadmap, visit: https://p.network/project#roadmap

Q: Is there any concern for vulnerabilities with the use of a TEE given the history of SGX?
A: In our current phase0, we are not decentralized, but are utilizing a stronger-than-SGX TEE (strongbox). In phase1, we’ll be using multiTEE (no point of failure in a single tee)+MPC.

Q: Are there any minting fees?
A: In our current phase0, there are no peg-in/-out fees, as we subsidize the cost. In phase1 the fee will be chosen by the DAO and enforced by validators (the fee will be distributed among them as a reward for their work). At that point you can expect the fee to be similar to the ones applied by competing projects, which is normally between 0.1 and 0.2% (conceptually similar to the "trading fee" being applied by exchanges).

Q: Why are two pTokens BTC listed on Crossmarketcap? (11 e 13)?
A: Crossmarketcap shows data for several chains so they show two pBTC tokens: pBTC-on-eth and pBTC-on-eos.

Q: What is the difference between pTokens.io and p.Network?
A: pTokens.io is the project to unchain assets by creating 1:1 pTokenized assets (like pBTC) to move liquidity from one blockchain to another. It's integrated into various DeFi DApps and platforms across multiple blockchains. p.Network is the governance layer that supports and secures pTokens, and other projects, via a network of validators and a DAO.

Q: What is PNT? What happened to EDO?
A: The pNetwork Token (PNT) is the governance token for the upcoming p.Network, the decentralized network powering pTokens. Thanks to a collaborative effort between Eidoo and pTokens, the EDO token was upgraded and effectively transformed into PNT on June 18. On this day, EDO holders received an equal amount of PNT tokens in their Ethereum wallets, with leading exchanges listing PNT. EDO is no longer supported, as the value and utility of EDO was transferred to PNT.
As a governance token, PNT will be used for staking, voting and earning interest within the p.Network. PNT is available on a growing list of exchanges, including: Binance, Bitfinex, HitBTC, Kyber Network and Loopring. For more on the token upgrade, visit: https://medium.com/provable/introducing-the-pnetwork-pnt-2354f7ab06f

Q: What is the reason behind burning 28 million+ edo?
A: This is a step to reduce company held tokens so ownership is spread more equitably to the community when we move to the introduction of a community-governed DAO system.

Q: How much PNT does the team have now?
A: The team has 13M PNT locked, they unlock after 1 and 2 years. The token economy is outlined in the pNetwork deck on p.network/learn.

Q: Is there a public audit report?
A: The audit report for pBTC on ETH is available here. And the audit report for pBTC on EOS is here.

Q: Will the burning of PNT occur, similar to EDO burning for the Eidoo core services?
A: Yes. PNT extends the EDO token economy with p.Network so all Eidoo core services will continue as planned. Currently, 5M tokens are locked because of the previous Eidoo staking initiatives and burning happens on a daily basis (edo.watch).

Q: What is the contract address of PNT? Where can I find the total supply and circulating supply?
A: The contract addresses for PNT is: https://etherscan.io/address/0x89Ab32156e46F46D02ade3FEcbe5Fc4243B9AAeD
The total supply is approx 59.65M EDO: https://etherscan.io/token/0xced4e93198734ddaff8492d525bd258d49eb388e
The circulating supply is approximately 34M EDO as described on page #22 in our deck.
For more on the circulating supply, visit: https://www.coingecko.com/en/coins/pnetwork

Q: I see another project on Coingecko with PNT called Penta network – What is it?
A: We are not associated with Penta. Please be mindful to check the full name of the asset before interacting with it. For example, on HitBTC, Penta is listed as PNT, and pNetwork Token is listed as XPNT, but this is the only exchange where this occurs.

Q: Is PNT listed on any exchanges?
A: PNT is available on a growing list of exchanges, including: Binance, Bitfinex, HitBTC, Kyber Network and Loopring. We will continue to update our blog as more are added.
Coingecko also reports the exchanges where the trading of the pNetwork Token is active: https://www.coingecko.com/en/coins/pnetwork#markets.

Q: Why is PNT not supported on OKex?
A: Given the very small number of EDO tokens deposited on OKex we have decided not to list PNT there.

Q: What is the minimum amount of PNT required to stake
A: No minimum is required.

Q: How much is required to run a node?
A: Validators must stake 200k PNT. As an incentive, they would be able to earn 63% interest over two years - 42% the first year, and 21% the second. The pNetwork litepaper goes into more details on validators, PNT and token economics.

Q: How can you guarantee those interest rates?
A: They will be guaranteed by an inflation mechanism. The supply of PNT is just below 60 million tokens after launch. During the first stages of the pNetwork, an economic incentive is also introduced to the system to encourage users to actively participate within the DAO. In these first two years, all those who stake PNT will see their tokens grow with an overall interest rate of 63% over two years. Up to 28,350,000 PNT tokens are dedicated to this initiative, which are generated through an inflation mechanism.

Q: Where can I find community questions from the previous months?
May 2020
April 2020
March 2020
submitted by robwitt to pTokens [link] [comments]

Fundamentals - An intro to Blockchain, Bitcoin, and Binance My Binance Class - Introduction to Bitcoin and Blockchain ... Binance Tutorial deutsch - Anleitung zum Kaufen und ... Lancio Blockchain Binance! BNB TUTORIAL Completo ZOOM METTING - FUNDAMENTALS_ BITCOIN BLOCKCHAIN & BINANCE ... Binance Dex Exchange Tutorial  Binance Chain  Comparison Between Binance Chain NS Blockchain All In On Bitcoin, Futures Soar, Stellar + Ledger, Ethereum Inflation, XRP Sales Down & Binance DDoS Binance DEX - Test Net Demo ! - YouTube

Binance is pleased to announce that both the Binance Chain and the Binance DEX have now entered public testnet phase at https://testnet.binance.org. Binance Chain is a new blockchain developed and released by Binance. Binance DEX is a high performance and user friendly platform built on top of Binance Chain, where users can create, issue and ... Binance startet Testnet für Binance DEX ‘Binance Chain’ basiert auf einer verbesserten Version der neuen Technologie, die sich auf Leistung, Benutzerfreundlichkeit und Liquidität konzentriert und dazu dient, Blockchain-Assets zu übertragen und zu handeln, während Verwaltungsaufgaben durch intelligente Vertragsregeln entfallen und somit die Transaktionsabwicklung beschleunigt wird. Binance has been working on its own blockchain, Binance Chain or Binance DEX, for a while now, and it is less than 24 hours away from launching the testnet. New Binance DEX Testnet Launches in Less Than 24 Hours: Here’s What Users Need to Know Working as a market leader in the crypto community, Binance DEX has announced the launch of a brand-new and advanced testnet of the Binance Smart Chain ecosystem. The testnet will involve the launch of two chains named Chapel testnet and Ganges testnet. The chains will be launched on July 9, 2020. The official Binance DEX Twitter post read: Binance has been working on its own blockchain, Binance Chain or Binance DEX, for a while now, and it is less than 24 hours away from launching the testnet. Binance DEX has already posted to Twitter to gear up investors, though newcomers will greatly benefit from reviewing the FAQ section to learn more information. Binance Chain is a new blockchain and peer-to-peer distributed system developed by Binance and the community. A secure, native marketplace built on Binance Chain, Binance DEX allows for the exchange of digital assets that are issued and listed on the DEX. Matching happens within the blockchain nodes and all transactions are recorded on-chain, forming a complete, auditable ledger of activity.

[index] [6337] [14287] [1447] [18181] [14007] [6344] [10606] [17480] [5526] [5992]

Fundamentals - An intro to Blockchain, Bitcoin, and Binance

In this video I’ll be introducing you to Bitcoin and Blockchain. This is the first time I’m hosting a webinar, normally I co-host. I’ll have to redo this vid... This is a Zoom metting on FUNDAMENTALS - BITCOIN BLOCKCHAIN & BINANCE By me.#MyBinanaceClass #Bitcoin #Blockchain #BinanceYou can Signup Binance here using my r... Amazon Affiliate Link - (If You Buy Something On Amazon, I Get A Small Commission As A Way To Support The Channel) - (There is NO extra cost for you) https://amzn.to/39MXp4q Computer I Use To ... An Introduction to the world of Crypto, Blockchain, Bitcoin, and Binance BNB sarà la moneta nativa della Blockchain di Binance, passata da Testnet a Mainnet. Binance: https://www.binance.com/?ref=15306825 I vecchi token ERC-20 v... This video is a complete and full tutorial of Binance Dex Exchange tutorial and Binance Chain as well. I have also covered and compared Blockchain and Binance Chain and how it affected the price ... Binance Tutorial deutsch In diesem Video erfährst du wie man auf der Plattform Binance Kryptowährungen handeln kann und gegen Bitcoins kaufen und verkaufen k... In this demo, I go through the Binance DEX on test net as they have recently launched and explain each of the options for people that are interested in testi...

https://binary-optiontrade-arabicfinance.auto-binaryoption.info