Bytom Coin – A new digital economic model?

3. November 2018 admin Bytom Coin

Bytom is a blockchain that can be used to manage a wide variety of digital assets. Bytom Coin addresses the problem of how to combine the management of purely digital and purely physical assets. The coin is to be used to create a new digital economic model.

Bytom Coin – Read more about it: www.onlinebetrug.net/en/

Everipedia writes: https://www.onlinebetrug.net/en/ Bytom is an interactive protocol of multiple byte assets. Heterogeneous byte assets (domestic digital currency, digital assets), which in various forms can be registered on the Bytom blockchain and atomic assets (warrants, securities, dividends, bonds, intelligence information, forecasting information and other information that exists in the physical world), exchanged, gambled away and engaged in other more complex and contract-based interactions via Bytom.

Bytom is a protocol that allows interaction with different assets, that is, assets. What is new about the development is that the platform is also increasingly focusing on assets that are based on the real world. Other blockchains also offer asset management, often digital assets such as crypto currencies, bonds, securities, dividends, information and other real assets. The goal of the developers is to be the first platform that allows a comprehensive management of all imaginable assets. Later, the platform will be linked to the “Internet of Things” and artificial intelligence.

Bytom Coin – Who is the Bitcoin trader?

The crypto currency is a token, or BTM for short. Bytom uses the proof-of-work algorithm, so mining is possible. In total, there should be a finite amount of 1,407,000,000 BTM coins. These are incurred as Bitcoin trader transaction fees or are distributed as dividends when assets on the platform generate income. Users can use Xrelay to secure assets with Bitcoin. Xrelay runs as a sidechain next to the Bitcoin trader blockchain and can automatically convert the Bitcoins into BTM coins.

The assets are stored on the Bytom Wallet. This wallet can be secured with public and private keys and can contain several addresses. Thus the wallet can be used flexibly and can be made accessible to different persons. The private and public keys are protected with ESCDA Encryption, as well as with the SM3 hash algorithm, which is a further development of the SM2 algorithm.

Byt/om consists of three layers. The application layer enables users to interact with their assets. The developers focus on an easy-to-use, graphical user interface. The “contract layer” is used for asset management and the development of Smart Contracts. The Smart Contracts are also used to perform things like dividend distribution automatically. The data transmissions layer issues the assets and sends the transactions.

The team behind the development is called 8btc. The team leader and founder of 8btc is Chang Jia. He is a well-known sci-fi author who is trying to spread the blockchain technology. Lang Yu develops the data center system of the crypto currency. He holds a master’s degree in computer science and previously worked at Alipay as a systems engineer.

Duan Xinxing is the head of design and marketing. Qu Zhaoxiang is the Chief Operating Officer (COO). Yi Changjun leads the development of the blockchain and James Zhu and Zhu Yiqi work together on the development of the Bytom Virtual Machine.

Bancor Coin – Unique technology for your own tokens

23. October 2018 admin Bancor Coin

The Bancor Coin network makes it possible to create own tokens, similar to the blockchain of Ethereum. These are called smart tokens and can be converted into any other token of the network.

The concept has an uncanny potential, because it allows people to create their own crypto currencies very easily. And the Bancor crypto currency, also known as BNT, provides the basis for this.

Bancor Coin and Ethereum code – What is this crypto currency?

The Bancor protocol is a unique Ethereum code that allows you to create your own tokens, which are then linked to the Bancor crypto currency. The system is partly based on Ethereum code, a blockchain that also makes it possible to create your own tokens by using the ERC20 token as a basis. The Ban/cor network extends this concept with the Smart Tokens. With the BNT Coin development great importance is attached to a simple operability. So everybody should be able to create own coins without programming knowledge, which can be used for different purposes.

The coin is the basis and reserve of the Smart Tokens, whereby the Smart Token connects to the network. The crypto currency itself uses Ether, the coin from Ethereum, as a liquidity reserve, resulting in an intrinsic value of the coin of the Ban/cor network. This system is made possible by the Smart Contracts, digital contracts introduced into the crypto world by Ethereum. The conversions and reserve bindings are handled automatically by the Smart Contracts.

Such a token becomes a portfolio token

The protocol can be used to create a block-chain-based fund that uses different tokens as base currencies. A smart token can have other crypto currencies as the underlying value. The number of coins as a basis can be extended at will, but the coin must be based on the ERC20 token from Ethereum. Such a token becomes a portfolio token, which in turn can be traded on the crypto exchanges. This token enables investors with Bitcoin, Ether, Euro or Dollar to acquire a diversified crypto portfolio in the form of a single token. All ERC20 tokens can be stored and converted on the Ban cor Wallet. This wallet is also called Smart Wallet. Each type of ERC20 token can be converted into another ERC20 token without any fees. The conversion is based on the Ether value. This will also be possible on “Finney”, the blockchain smartphone. Sirin Labs’ company wants to work with Bancor.

With the Ban/cor protocol ICOs can be organized quite simply. ICOs are initial coin offerings, i.e. the issue of coins, mostly for the purpose of financing. Companies of all types can use the network to create smart tokens to finance their projects. ICO’s could thus become a popular and effective way of crowdfounding. Smart Tokens could also be created relatively spontaneously as local currencies for one-time purposes. One advantage of being tied to the Ban cor coin is that the tokens can be exchanged back after they have fulfilled their purpose.

Download the wallet for your operating system

23. August 2018 admin Wallet

Protect your wallet now with a strong password. To do this, select the “Encrypt wallet” option under the “Settings” menu item.

Then create a backup of your LitecoinCash Core Wallet. To do this, click on the menu item “File” and then on “Wallet backup copy…”. Save the file to a clean USB stick* or an external hard disk*.

Bitcoin Code ist a new wallet

If you owned Litecoin at the time of the spin-off, you automatically own ten times as much LCC. However, in order to receive and send your “Free LCC”, you must export the private key of your Litecoin Wallet (not LCC Wallet!).

But before you start in a hurry, you should read this section to the end. Dealing with private keys Bitcoin Code can be dangerous if you have no experience with them. You could suffer a total loss if you make mistakes. It also depends on the type of storage whether you receive your LCC or not.

You had your Litecoin at the time of the spin-off…

… on a stock exchange

They depend on the Exchange to distribute the LCC to users. At larger exchanges it is not very likely that you will get your Litecoin Cash at the beginning, usually it takes some time or you will never get your LCC.

… on a hardware wallet

Either wait here for the hardware wallet provider to publish an application for a Litecoin Cash Wallet or use your seed to redeem your LCC.

If you have multiple currencies on your hardware wallet, you should wait until the developers release an application. The effort and risk would be too great.

Hardware

However, if you want to redeem your LCC with the seed, you must first send all currencies from the Hardware Wallet to a separate and secure Wallet. Then you must insert the seed into a compatible wallet (e.g. Electrum LTC) and then export the private keys to the addresses where you held Litecoin at the time of the Litecoin Cash spin-off.

If this seems too complicated for you, you should consider waiting for a release from the Hardware Wallet developers.

… on a desktop wallet (Litecoin Core, Electrum LTC) or an app

If you had your Litecoin on a desktop wallet or app, you should be able to “cash in” your Litecoin Cash. First send your Litecoins to a new and secure wallet.

Then you must export the private keys to the Litecoin addresses (not LCC!) on which you held Litecoin at the time of the spin-off. Exporting differs from wallet to wallet:

Litecoin Core (Under Help / Debug Window / Console):

dumpprivkey LITECOIN ADDRESS // or if password exists first: walletpassphrase PASSWORD

Electrum LTC: Wallet > Private Keys > Export

Insert private key into LCC Core Wallet

Once you have exported your private key, you can insert it into the Litecoin Cash Core Wallet. To do this, open the “Import private key…” option under the “File” menu item. Insert the private key to your Litecoin address there. Afterwards your LCC should be displayed and you can send them, for example to YoBit* and sell them there.

Litecoin Cash and Bitcoin Code Mining

LCC uses the SHA256 mining algorithm, which is also used for Bitcoin Code. This means that for LCC mining you need a SHA256 Miner, i.e. a Bitcoin Miner*.

Once you have a SHA256 Miner, you can dig LCC. For this you need a mining pool. The Suprnova Mining Pool is reliable and recommended. There you have to open a new account and then create a worker (MyAccount > MyWorkers).

Example:

Worker: coincierge.litecoincash

Password: x

Finally, you only have to enter the pool, the worker and the worker password in your LCC Miner, i.e. our example would then look like this:

Pool: stratum+tcp://lcc.suprnova.cc:6868 (see Suprnova)

Worker: coincierge.litecoincash

Worker password: x

Then your miner should dig for the LCC digital currency and your suprnova dashboard should show your hash performance.

Litecoin Cash | Buy & Sell, Free Coins, Wallet and Mining

18. August 2018 admin LCC

In the first part of Litecoin Cash (LCC) the project and the developers were presented. This section shows you where to buy and sell Litecoin Cash, how to set up the Litecoin Cash Wallet and how to get your free LCC.

Litecoin Cash

Note: At Yobit the price for an LCC is higher than at other exchanges. This is because you cannot deposit LCC at the exchange. If you want to buy LCC, you should use another exchange to buy LCC cheaper or wait until LCC deposits are possible.

For the purchase and sale of the digital currency Litecoin Cash, the provider YoBit* is used. The Bitcoin and Altcoin Exchange has been trading LCC from the beginning and is currently the most active Litecoin Cash Exchange.

To purchase Litecoin Cash now, you must first deposit a digital currency. You can do this via the “Wallets” menu item. First select the currency you wish to deposit and then click on “Deposit”. You will then receive an address to which you can send your digital currency.

YoBit Deposit

Litecoin Cash you can trade directly on YoBit with several currencies, e.g. with:

Can you Buy Bitcoin with the Bitcoin Code app?

To buy Litecoin Cash (LCC), choose the market that suits you or exchange your currency for one of these currencies first. And don’t forget Bitcoin Code and to send the LCC to your own wallet! Below you will find instructions for the Litecoin Cash Wallet.

Sell LCC
Note on Yobit: It is not yet possible to deposit the digital currency at Yobit. Either you wait for LCC to allow deposits for the crypto currency, or you use another exchange for LCC.

You sell Litecoin Cash at YoBit* for another digital currency. To do this, you must first create a user account and then deposit your LCC. You can do this via the “Wallets” menu item.

Sell LitecoinCash on YoBit

Once your LCC deposit arrives on YoBit, you can exchange LCC for Bitcoin, Ether, Dogecoin or other currencies.

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Litecoin Cash Core Wallet
The official Litecoin Cash Core Wallet can be found on the website under Downloads.

Tip: For a desktop wallet like Litecoin Cash Core, you need to make sure your computer is free of malware – install at least one good antivirus program*.

Ripple – Classification as a security?

13. August 2018 admin Ripple

The securities question due to Ripples XRP is developing rather slowly and has still not been resolved. The community is eager to know if Ripple is actually classified as a security or not. As the situation around Ethereum and Bitcoin is clear, one can only hope that more information about Ripple will be available in the next days and weeks.

The XRP situation remains unclear

There are some features of Ripple’s XRP that worry investors and regulators. However, this does not automatically mean that it can be described by the SEC as a security. It looks as if an official “investigation” is under way.

According to William Hinman of the SEC, the classification of XRP is not easy. A security is usually an investment vehicle for which buyers have specific expectations. If the buyer expects an increase in value of the coin, this can primarily be regarded as a security. However, this concept would apply to all crypto currencies, assets and tokens currently on the market.

According bitcoin

At Bitcoin, there is no central authority that determines the future of the project. Ethereum is also “similarly” decentralised. However, Ripple’s XRP is controlled from a central location in many ways. Although this situation will change, it remains a very centralized project on the surface.

Nathaniel Popper switches to Bitcoin Code

The definition between centralized and decentralized has become more difficult. Even for crypto currency enthusiasts there Bitcoin Coin review is currently fake. Until the SEC has clarified its position on XRP, this uncertain situation remains.

The SEC comments this morning seem to have been worded to strongly suggest, without saying it outright, that Ripple’s cryptocurrency, XRP should be categorized as a security. Do lawyers out there disagree? And why not just come out and answer this lingering question?

Nathaniel Popper, a respected author and crypto advocate, shared his views this week. In his opinion, XRP can very well be classified as a security. He does not seem to favour either of the two results at this point, but above all wants to spark additional debates.

Nevertheless, the community seems to disagree. There is also the question of how much impact a security status has on XRP. Of course, this will affect the ranks of investors and thus the Ripple share price and somewhat restrict the infrastructure. We’d like to know what you think of Ripple’s status.

Ethos Coin – The universal and secure wallet

3. August 2018 admin storage

The goal of Ethos Coin Development is a crypto currency that can be used by the masses and gives everyone access to the global financial system at any time. The block chain behind the coin is also intended to serve as a platform for social media, while the wallet of the ethos crypto currency functions as a universal repository for all kinds of currencies and is intended to replace the file-sharing exchanges in the long term. Very idealistic, but how will these ideas affect the ethos coin forecast?

Ethos 322

The ethos crypto currency is an ERC-20 token, i.e. the blockchain of the coin is based on that of Ethereum. Ethos Coin or ETHOS, is used in the internal payment mechanism of the Eth os platform. Fees incurred for services on the platform are paid with Eth/os, including transaction fees and system calls. You will also be rewarded in Eth/os Coins if you give tips on how to invest your money properly via the social media on the platform. According to the team’s somewhat idealistic ideas, a community is to form on the platform, which exchanges and supports each other. The focus here is on managing one’s own cash holdings. Eth os development began so that people would take their finances into their own hands and the financial world would become more decentralized again. People who do not normally have access to the global financial world should also participate through the Eth os platform.

To realize this vision, Ethos’ universal wallet was developed. This is not just for the storage of Eth os Coins. It should be able to accept a large number of crypto currencies and have various other functions. With the help of the wallet, a liquidity network is set up with which different crypto currencies can be deposited, withdrawn, exchanged and sent at any time. The platform should be easily accessible via mobile devices using the Wallet. At the same time, the platform also has an integrated interface to Fiat currencies, with which crypto currencies can be exchanged quickly and easily into central bank money, if possible without high transaction costs.

Other features include the Eth/os Bedrock, an interface that allows third parties to integrate their programs into the blockchain. Instant Coin Baskets should enable you to diversify and invest your portfolio of coins in different ways. For example, for a basket, the instinct of the masses can be used by the recommendations of the community to help you create it.

The ICO, the Initial Coin Offering, took place between 28 June and 16 July 2017. 1,000,000,000,000 tokens were offered. Revenues from the ICO exceeded the expectations of developer Shingo Lavine and are being used to drive development forward. At that time, the ethos crypto currency was still called Bitquence.

Ethos Coin – Who is behind the crypto currency?
Shingo Lavine is the name of the man behind the coin development. Just 19 years old, he has already gained a lot of experience in the field of crypto currencies. He is one of the early investors in Bitcoins and Altcoins. Before he started working at Eth/os Coin, he founded Jobs University, an online school with over 20,000 students.

The Eth/os Coin was previously called Bitquence. This coin had basically the same goals. After the successful initial coin offering, Shingo Lavine decided to give the coin a name suitable for mass production and thus a better image. To promote coin development, he joined Stephen Corliss (Global Strategy and Compliance), Tim Simmons (Software Development), Kevin Dead Pettit (Product Management) and Bobby Becker (Software Development).