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Bitcoin sCrypt (BTCS) – Official Bitcoin sCrypt Altcoin ...
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Hirocoin (HIRO) New home of GPU miners, X11 hashing algorithm
Soon Scrypt coins will only be mined by those in invest heavily. Hirocoin uses the X11 hashing solution by Evan Duffield. Creating an ASIC for X11 is going to be very complex making Hirocoin an ideal home for GPU miners.
An alternative crypto currency for the cannabis industry.
Cannacoin is an internet based digital currency for the cannabis industry: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, Cannacoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Cannacoin. As such, it is more resistant to wild inflation and corrupt practices. With Cannacoin, you are your own bank.
New England New England 6 States Songs: https://www.reddit.com/newengland/comments/er8wxd/new_england_6_states_songs/ NewEnglandcoin Symbol: NENG NewEnglandcoin is a clone of Bitcoin using scrypt as a proof-of-work algorithm with enhanced features to protect against 51% attack and decentralize on mining to allow diversified mining rigs across CPUs, GPUs, ASICs and Android phones. Mining Algorithm: Scrypt with RandomSpike. RandomSpike is 3rd generation of Dynamic Difficulty (DynDiff) algorithm on top of scrypt. 1 minute block targets base difficulty reset: every 1440 blocks subsidy halves in 2.1m blocks (~ 2 to 4 years) 84,000,000,000 total maximum NENG 20000 NENG per block Pre-mine: 1% - reserved for dev fund ICO: None RPCPort: 6376 Port: 6377 NewEnglandcoin has dogecoin like supply at 84 billion maximum NENG. This huge supply insures that NENG is suitable for retail transactions and daily use. The inflation schedule of NengEnglandcoin is actually identical to that of Litecoin. Bitcoin and Litecoin are already proven to be great long term store of value. The Litecoin-like NENG inflation schedule will make NewEnglandcoin ideal for long term investment appreciation as the supply is limited and capped at a fixed number Bitcoin Fork - Suitable for Home Hobbyists NewEnglandcoin core wallet continues to maintain version tag of "Satoshi v0.8.7.5" because NewEnglandcoin is very much an exact clone of bitcoin plus some mining feature changes with DynDiff algorithm. NewEnglandcoin is very suitable as lite version of bitcoin for educational purpose on desktop mining, full node running and bitcoin programming using bitcoin-json APIs. The NewEnglandcoin (NENG) mining algorithm original upgrade ideas were mainly designed for decentralization of mining rigs on scrypt, which is same algo as litecoin/dogecoin. The way it is going now is that NENG is very suitable for bitcoin/litecoin/dogecoin hobbyists who can not , will not spend huge money to run noisy ASIC/GPU mining equipments, but still want to mine NENG at home with quiet simple CPU/GPU or with a cheap ASIC like FutureBit Moonlander 2 USB or Apollo pod on solo mining setup to obtain very decent profitable results. NENG allows bitcoin litecoin hobbyists to experience full node running, solo mining, CPU/GPU/ASIC for a fun experience at home at cheap cost without breaking bank on equipment or electricity. MIT Free Course - 23 lectures about Bitcoin, Blockchain and Finance (Fall,2018) https://www.youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn CPU Minable Coin Because of dynamic difficulty algorithm on top of scrypt, NewEnglandcoin is CPU Minable. Users can easily set up full node for mining at Home PC or Mac using our dedicated cheetah software. Research on the first forked 50 blocks on v1.2.0 core confirmed that ASIC/GPU miners mined 66% of 50 blocks, CPU miners mined the remaining 34%. NENG v1.4.0 release enabled CPU mining inside android phones. Youtube Video Tutorial How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 1 https://www.youtube.com/watch?v=sdOoPvAjzlE How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 2 https://www.youtube.com/watch?v=nHnRJvJRzZg How to CPU Mine NewEnglandcoin (NENG) in macOS https://www.youtube.com/watch?v=Zj7NLMeNSOQ Decentralization and Community Driven NewEnglandcoin is a decentralized coin just like bitcoin. There is no boss on NewEnglandcoin. Nobody nor the dev owns NENG. We know a coin is worth nothing if there is no backing from community. Therefore, we as dev do not intend to make decision on this coin solely by ourselves. It is our expectation that NewEnglandcoin community will make majority of decisions on direction of this coin from now on. We as dev merely view our-self as coin creater and technical support of this coin while providing NENG a permanent home at ShorelineCrypto Exchange. Twitter Airdrop Follow NENG twitter and receive 100,000 NENG on Twitter Airdrop to up to 1000 winners Graphic Redesign Bounty Top one award: 90.9 million NENG Top 10 Winners: 500,000 NENG / person Event Timing: March 25, 2019 - Present Event Address: NewEnglandcoin DISCORD at: https://discord.gg/UPeBwgs Please complete above Twitter Bounty requirement first. Then follow Below Steps to qualify for the Bounty: (1) Required: submit your own designed NENG logo picture in gif, png jpg or any other common graphic file format into DISCORD "bounty-submission" board (2) Optional: submit a second graphic for logo or any other marketing purposes into "bounty-submission" board. (3) Complete below form. Please limit your submission to no more than two total. Delete any wrongly submitted or undesired graphics in the board. Contact DISCORD u/honglu69#5911 or u/krypton#6139 if you have any issues. Twitter Airdrop/Graphic Redesign bounty sign up: https://goo.gl/forms/L0vcwmVi8c76cR7m1 Milestones
Sep 3, 2018 - Genesis block was mined, NewEnglandcoin created
Sep 8, 2018 - github source uploaded, Window wallet development work started
Sep 11,2018 - Window Qt Graphic wallet completed
Sep 12,2018 - NewEnglandcoin Launched in both Bitcointalk forum and Marinecoin forum
Sep 14,2018 - NewEnglandcoin is listed at ShorelineCrypto Exchange
Sep 17,2018 - Block Explorer is up
Nov 23,2018 - New Source/Wallet Release v1.1.1 - Enabled Dynamic Addjustment on Mining Hashing Difficulty
Nov 28,2018 - NewEnglandcoin became CPU minable coin
Nov 30,2018 - First Retail Real Life usage for NewEnglandcoin Announced
Dec 28,2018 - Cheetah_Cpuminer under Linux is released
Dec 31,2018 - NENG Technical Whitepaper is released
Jan 2,2019 - Cheetah_Cpuminer under Windows is released
Jan 12,2019 - NENG v1.1.2 is released to support MacOS GUI CLI Wallet
Jan 13,2019 - Cheetah_CpuMiner under Mac is released
Feb 11,2019 - NewEnglandcoin v1.2.0 Released, Anti-51% Attack, Anti-instant Mining after Hard Fork
Mar 16,2019 - NewEnglandcoin v18.104.22.168 Released - Ubuntu 18.04 Wallet Binary Files
Apr 7, 2019 - NENG Report on Security, Decentralization, Valuation
Apr 21, 2019 - NENG Fiat Project is Launched by ShorelineCrypto
Sep 1, 2019 - Shoreline Tradingbot project is Launched by ShorelineCrypto
Dec 19, 2019 - Shoreline Tradingbot v1.0 is Released by ShorelineCrypto
Jan 30, 2020 - Scrypt RandomSpike - NENG v1.3.0 Hardfork Proposed
Feb 24, 2020 - Scrypt RandomSpike - NENG core v1.3.0 Released
Jun 19, 2020 - Linux scripts for Futurebit Moonlander2 USB ASIC on solo mining Released
Jul 15, 2020 - NENG v1.4.0 Released for Android Mining and Ubuntu 20.04 support
Jul 21, 2020 - NENG v22.214.171.124 Released for MacOS Wallet Upgrade with Catalina
Jul 30, 2020 - NENG v126.96.36.199 Released for Linux Wallet Upgrade with 8 Distros
Aug 11, 2020 - NENG v188.8.131.52 Released for Android arm64 Upgrade, Chromebook Support
Aug 30, 2020 - NENG v184.108.40.206 Released for Android/Chromebook with armhf, better hardware support
2018 Q3 - Birth of NewEnglandcoin, window/linux wallet - Done
2018 Q4 - Decentralization Phase I
Blockchain Upgrade - Dynamic hashing algorithm I - Done
Cheetah Version I- CPU Mining Automation Tool on Linux - Done
2019 Q1 - Decentralization Phase II
Cheetah Version II- CPU Mining Automation Tool on Window/Linux - Done
Blockchain Upgrade Dynamic hashing algorithm II - Done
2019 Q2 - Fiat Phase I
Assessment of Risk of 51% Attack on NENG - done
Launch of Fiat USD/NENG offering for U.S. residents - done
Initiation of Mobile Miner Project - Done
2019 Q3 - Shoreline Tradingbot, Mobile Project
Evaluation and planning of Mobile Miner Project - on Hold
Initiation of Trading Bot Project - Done
2019 Q4 - Shoreline Tradingbot
Shoreline tradingbot Release v1.0 - Done
2020 Q1 - Evaluate NENG core, Mobile Wallet Phase I
NENG core Decentralization Security Evaluation for v1.3.x - Done
Light Mobile Wallet Project Initiation, Evaluation
2020 Q2 - NENG Core, Mobile Wallet Phase II
NENG core Decentralization Security Hardfork on v1.3.x - Scrypt RandomSpike
Light Mobile Wallet Project Design, Coding
2020 Q3 - NENG core, NENG Mobile Wallet Phase II
Review on results of v1.3.x, NENG core Dev Decision on v1.4.x, Hardfork If needed
Light Mobile Wallet Project testing, alpha Release
2020 Q4 - Mobile Wallet Phase III
Light Mobile Wallet Project Beta Release
Light Mobile Wallet Server Deployment Evaluation and Decision
https://preview.redd.it/z0xjotzxta451.png?width=724&format=png&auto=webp&s=a0c223a017dd58aa54d506e51d041f5820db4a3b Everyone from time to time has an interest in entering into a variety of investments with the aim of earning income from their home or comfort as long as they do not have to go through an inefficient employment system. This is the result of technological developments around, and to achieve this, many fall victim to con artists who promise a platform to get a comfortable income. Today I will introduce the ICO IQ cash project, one of the PLATFORM THAT ALLOWS YOU TO GET IN YOUR COMFORT.
What is IQ cash
IQ Cash is a cryptocurrency that may be used to run and increase further exposure to what has been offered. Making it is to remove from where to stop because it has been made and decided to go further because it was not possible. IQ can be used to get a place that has to be part of this trend, even if we are looking for an open place where investors can do the same with other investors. The aim is to give everyone not agreement about most and at least ROI in 300% or more of you in passive form. The IQCash company is truly unique because it will allow users to get the maximum return on investment. IQ cash is a company that will be able to combine the best and most perfect opportunities to lead exchanges in the cryptocurrency market. With IQ network Masternode you can avoid a variety of situations, problems, and unusual problems, and such a process will eliminate any deficiencies. The IQCash platform is also suitable for traders who already have experience in their activities, and of course for novice traders who have just entered the door of buying and selling crypto. No one will experience problems, everyone will only admire sales using IQCash. Learn more — http://iq.cash.
Why I chose to take a position on IQ. Cash?
Because there are many kinds of benefits for investors. except for profits up to 300%, I will be able to introduce all profits to investors. 1. Security Cryptocurrency now has a variant of active users in the world and also the number is growing rapidly! User accounts cannot be blocked, and funds cannot be accessed by anyone but the owner. 2.MASTERNODE Iq. Cash uses the consensus of the PoW algorithm with the support of the Masternode system. This makes the project economically attractive to mine 43% and provides 57% of passive income for Masternode holders. Masternode provides network integrity, transaction anonymity, and transaction speed. ways to get Masternode: You must take the position of 3000 IQ. 3. ANONIMITY The anonymity of transactions in the system is provided by the PrivateSend algorithm. Users can trust the system completely. they don’t need to worry about third-party access to data because the system encrypts data securely when transferring and receiving assets. 4. ASIC RESISTANCE Technology that solves problems accelerates the expansion of network complexity significantly when using ASIC (compared to CPU usage). IQ Cash Network uses the NeoScrypt algorithm to solve this problem. 5. TRANSACTION speed High-speed transactions are guaranteed by InstantSend data exchange across networks. The transaction time is about 5 seconds. 6. IQ Network decentralized. Cash implies weaknesses to create sites that combine the dominant influence on other network members. Effects on coins that are excluded due to their release are prohibited, and extra emission is not provided.
Buy 3,000 IQ or better 3001 because 1 is spent on commission transactions.
Download the Files application (Android or iOS) for mobile devices Open IQ. Cash Coin Purses in the application.
Enter 3,001 IQ in the wallet and create a MasterNode server and deposit. Pay for hosting service providers on Flits.
You will be charged EUR 1.99 per month, get profit and spend on your needs or create the next MasterNode to extend profits in line with the number of MasterNode!
How do I buy cash IQ
Go to the acquisition page and you will see an open window where you will pay the amount of coins you want to shop for. You don’t need to worry about the next steps because we will arrange the rest by buying IQ coins. Cash and FLS (to close Flits services) from the exchange.
Fill in «IQ wallet address» and «FLS wallet address» in the Flits application.
get a package. One package includes 3000 IQ. Cash and Bitcoin services for Flits for five months. When the cash transfer is complete, open the IQ-MasterNode window and make it comparable to the coins purchased (3000 IQ for 1 MasterNode).
activate MasterNode and get profit. You will follow the current exchange rate on the Flits application or with any crypto trading coins.
Wallets and Exchanges:
The IQ cryptocurrency wallet is available on all three Windows, Mac and Linux platforms.
• Algorithm: PoW, NeoScrypt (ASIC resistance) • Block time: 120 seconds • Prizes per block: 25 IQ • Block Block Reward Distribution: 57% to Masternodes and 43% to Miners, both taken from the formula (Reward-6%), where 6% is reserved for the DAO system • Block rewards can be sliced 12% every year • Max coins: 56 900,000 IQ • Premine: 7 900 000 IQ • Mining within 25 years
IQ.cash has studied the crypto market well enough to draw the model. This uses the mining system and MasterNode. The mining protocol will attract contributors exponentially while MasterNode will help ensure network speed, governance, and sustainability. Because MasterNode is also a cryptocurrency node, becoming a MasterNode on the IQ.cash system requires an investment commitment. This is a way to make a profit in this system. Investment is rewarded with a commission for each trade made by the system. This will help ensure that enough users try to become a MasterNode and thus make a profit without having to leave the comfort of their home.
IQ.Cash Cryptocurrency - Way To Generate is good service
https://preview.redd.it/09qg35tzgdx41.jpg?width=512&format=pjpg&auto=webp&s=b45ef29b97cea3d317e54c14ee61ea5968ad4830 The IQ.cash project team has already developed for their investors the IQ Masternode network that they use. Also, the IQ coin is presented on such well-known exchanges as HitBTC, BitHumb Glogal, P2PB2B, CoinsBit, BitForex, CREX24 and Mercatox. Therefore, traders can easily trade it! If an investor has more than 3000 IQ on his balance sheet, then he can receive passive income 57% of the block, miners, in turn, receive 43% of the block. We still have 6%, which are reserved for DAO (decentralized autonomous organizations), that is, they are used to invest, for example, in ICO projects, websites, trading bots, and improving the entire IQ ecosystem . cash and so on. All of these unique features can help make the IQ.cash platform popular around the world. You may come to this article to find out about the massive passive income, but worth noting that you should know what it is about. Think about it, investing money to something vague is very risky. Thus, what is IQ cash? To make it brief, this is another cryptocurrency that has quite clear and potential income. Just like bitcoin, this IQcash has a potential fluctuation which increases and give great passive income through the magnificent distribution splits. It is also easy to say that IQ cash is an investment master nodes Cryptocurrency which is open for everyone. In this matter, whether it is for investors, traders, or even miners. Yes, those who are familiar with the world of cryptocurrency are the target of this project. The main task is to provide instant anonymous online payment along with the investing system. The IQ cash platform ecosystem work as DAO (decentralized Autonomous Organization. https://preview.redd.it/wgl5icd1hdx41.jpg?width=640&format=pjpg&auto=webp&s=0f0e8a7b032633c2e526f8f01bb1efc2cb659323 One thing that makes this digital money gain quite a lot of participants in the available wallets. Not a real physical wallet, but one to store all your cryptocurrency. In this case, the wallet is available for Windows, Linux, and Mac. You can choose one that fits with the equipment you have. Along with that, you can install the masternode on your home pc or Linux VPS. Your masternode will just do the earning rewards, without all the other extra features. If you want to install, you can use PC running windows Mac or even Linux. However, on VPS you have to use Linux with Ubuntu 16.04 version. Other than that, there are some requirements you have to fulfill. The first one is having a 3000 IQ or more on balance. Even 3001 coin is acceptable. Then, use only one PC for dedicated IP-address and also a 24/7 network connectivity (network loos less than 30 – 60 mins) without any interrupted operating system. Security - it is the most considered aspect of investment, as we know that investing in cyberspace is very risky. Therefore, IQ.Cash presents the security of investor accounts, where all accounts cannot be blocked and, most importantly, account funds can only be accessed by the account holder. Masternodes - how do we know IQ. Cash uses the PoW consensus algorithm that supports the Masternode system. this certainly adds to the intrinsic value of this project, which economically can add a value of approximately 43% and indirectly increases passive income by around 57% for all participants in the masternode. Masternode provides network integrity. Transaction anonymity and transaction speed. Of course, to run a masternode system, everyone can only invest 3000 IQ and then immediately enjoy the results obtained with this IQ.Cash masternode feature. Anonymity of the transaction - this is more about the privacy of the transaction itself. where users can completely trust the system. and you don’t have to worry about data access by irresponsible parties. because the system automatically encrypts data when transferring and receiving assets https://preview.redd.it/7k0i4s47hdx41.png?width=640&format=png&auto=webp&s=cc9b5ced02917e1549e9b963805785df93b332d2 The IQ.cash platform operates on the basis of the POW consensus with support for a system such as MASTERNODE. And this is very cool, since this system makes the project more interesting and attractive for crypto enthusiasts. Indeed, thanks to the MASTERNODE system, miners receive 43% from mining, and people who own MASTERNODE receive a passive income of 57%. MASTERNODE supports the network, i.e. data privacy, transaction anonymity and speed, and much more. To become the owner of MASTERNODE you need to have more than 3000 IQ on your balance sheet. Anonymity. Transaction anonymity is provided by the PrivateSend algorithm. Users can feel safe and not worry about their assets. Since this system perfectly encrypts data. Therefore, you can safely send and receive any crypto assets. ASIC RESISTANCE. This technology is struggling with such a serious problem as a significant acceleration in the growth of network complexity. IQ network . cash works on the basis of the NeoScrypt algorithm, which is struggling with this problem. High transaction speed. Such an instant transaction speed, because the InstantSend algorithm works. Just think about it, the transaction speed is only about five seconds. Absolute decentralization. Affect both participants and crypto assets of the IQ network . cash no one can. Because everything will be safe, reliable and transparent. Only requires a transaction speed of only about 5 seconds / transaction. And all transactions are done instantly, so this will provide a very efficient way of working for the users later. more and more projects have started to appear, whose actions are directed to one of the niches of our daily activities. This is excellent, we have been waiting for this for many years, but at the moment, strange as it may seem, projects aimed exclusively at the crypto industry have become a minor order of magnitude. It was simply impossible to take it. And now a project has appeared on the horizon that positions its activities exclusively as a useful product for mining companies, investors and even traders. As it turned out, the team has a work product, whose currency is traded on many major exchanges. That's good luck, I smiled and started to study the IQ.cash project and its capabilities. Go back to the main interface and choose a personal tab (bottom right corner). Then, move to the next phase by choosing the Fee & Payment tab. You will see fee balance, FLS, BTC fee deposit address, and other information. In here, copy the IQ.cash wallet address in the FLS address tab. To move on to the next stages, you should have bought the required number of IQ cash (3000 IQ cash) beforehand. You can buy the IQ cash masternode from the official sites. Official Resources Website: https://iq.cash/ Discord: https://discord.gg/qekuX6r Github: https://github.com/IQ-Cash/iqcash/releases Youtube: https://www.youtube.com/finexpo ANN thread: https://bitcointalk.org/index.php?topic=4360591 Twitter: https://twitter.com/IQ\_Crypto Telegram: https://t.me/IQ\_cash Wallets: https://iq.cash/ Explorer: https://explorer.iq.cash/ AUTHOR: Lost Stories Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2733279
Introduction to Cryptocurrencies — CET, the King of Public Chain Tokens that Has Gone through Thick and Thin
Written by the CoinEx Institution, this series of jocular and easy to understand articles will show you everything you need to know about major cryptocurrencies, making you fully prepared before jumping into crypto! https://preview.redd.it/zjz4s25uj1351.jpg?width=1024&format=pjpg&auto=webp&s=15bf3acdaa80d054cd38f101a2bafd3a0d2a4a66 CET (CoinEx Token) is the native token of CoinEx DEX (Decentralized Exchange), the world’s first dedicated public chain to decentralized transactions. Launched in January 2018 by CoinEx, a global well-known digital asset trading service provider under ViaBTC, CET does not only exist as an exchange-based token, but plays the role of the base currency for the entire ecosystem of CoinEx Chain, and obtains richer application scenarios and higher empowerment. As a token of a decentralized trading public chain, CET has attracted much attention in the industry with promising future. Post-1990s entrepreneur Yang Haipo joined hands with Copernicus team to create CoinEx Yang Haipo, the Founder and CEO of ViaBTC Group, is an entrepreneur born in the 1990s. He graduated from Northwestern Polytechnical University in 2012 with a major in mathematics and applied mathematics. He once worked at Tencent TEG / Weibo and Futu Securities. In 2011, when Yang Haipo was still in college, he got to know Bitcoin, and became one of the earliest Bitcoin investors. In 2014, this insightful young man seized the opportunity and bought Bitcoin at the full position. After leaving Tencent, Yang engaged in the mining industry, and served as the technical leader of Zeus Technology (one of the top three SCRYPT mining machine brands in the world) as a start of his entrepreneurship in this field. In March 2016, Haipo threw himself into the deployment and development of the Bitcoin mining pool, and independently completed the entire code of the ViaBTC (ViaBTC Technology Limited) mining pool, which successfully went online 2 months later. That is also the world ’s first BCH mining pool. ViaBTC is not only the biggest BCH mining pool but also the fifth-largest Bitcoin mining pool. It not only elaborates on the vision of “making the world better through Bitcoin”, but also expresses Haipo’s belief in the industry. Later Haipo found that the exchange could provide the industry with important functions of asset issuance and value discovery, which is the core of the entire industry. That is why he decided to devote himself to the development of the exchange. In March 2017, ViaBTC, led by Yang Haipo, received a 20-million-yuan Series A funding led by Bitmain to expand the exchange business. In December of the same year, Haipo established CoinEx. CoinEx has taken on an irresistible momentum soon after its establishment, and attained great achievements within only two years: In January 2018, CoinEx launched CET, a user value-added service privilege; In July 2018, it ranked first among the global exchanges by trading volume; In March 2019, it partnered with the Matrixport team to develop a new generation of high-performance public chain CoinEx Chain; In September 2019, it became one of the management platforms with the most extensive global product layout; In November 2019, it rolled out DEX, the world’s first decentralized transaction dedicated public chain; In December 2019, CoinEx acquired the Estonian digital asset trading license In March 2020, CoinEx integrated the first fiat onramp with Simplex In April 2020, it Formed global strategic partnership with Matrixport In May 2020, ViaBTC Group announced strategic upgrade…… At the same time, CoinEx is also one of the first trading platforms to obtain a compliance license. It provides diversified derivatives trading services such as spot trading, leveraged trading, and perpetual contracts. Moreover, the platform supports 15 languages including Chinese/English/Japanese/ Korean/Russian to provide safe and reliable transaction services for more than 1 million users in more than 100 countries and regions. At present, CoinEx has also attracted countless “CET believers”. A deep look into CoinEx and CoinEx DEX Many people may ask: What do CoinEx Chain and CoinEx DEX do, and how do them relate to CET? Before revealing more details about CET, let’s take a look at these questions~ CoinEx Chain is the world’s first public chain specifically designed for decentralized exchanges. Its Mainnet was officially launched in November 2019. CoinEx Chain contains 3 dedicated public chains, namely DEX Chain dedicated to decentralized transactions, Smart Chain dedicated to smart contracts, and Privacy Chain dedicated to user privacy and security protection. The innovative approach of “three chains in one” turns out to be a perfect solution to scalability, decentralization and security, known as the “impossible triangle” of the blockchain. At present, many domestic public chain teams still face the “blockchain trilemma”, but not CoinEx Chain. On CoinEx Chain, all tokens, not just CET, are free to cross the three chains, thus enabling more possibilities for transactions. CoinEx DEX is the world’s first dedicated public chain for decentralized transactions. The shortcomings of many DEXs in the market lie in the failure to improve users’ trading experience, which is exactly what CoinEx DEX is committed to solving. Under the premise of decentralization, CoinEx DEX offers customers the experience approximately equal to that of a centralized exchange, with faster block speeds, higher TPS and better wallets. CET is not only a token for the platform but also one for the public chain After the introduction of concepts of both CoinEx Chain and CoinEx DEX, let’s talk about CET. As a user value-added service privilege in the CoinEx ecosystem and also the token of CoinEx Chain, CET acts as a tool and currency in the entire CoinEx Chain ecosystem, which can be circulated and used in various scenarios. Since its launch, CET has been distributed by various means such as airdrops, transaction fee refunds, operation promotions and team unlocking. On January 31, 2019, the CoinEx Team burnt all the 4 billion unreleased onesand continued to repurchase CET from the secondary market. This move caused quite a stir in the industry. CET is not only a token for the platform but also one for the public chain. Therefore, without any doubt, CET outshines other platform tokens in terms of value: 1. The daily CET repurchase For better transparency of the CET repurchase and burning mechanism, CoinEx officially announced that from April 11, 2020, it would adjust the CET repurchase and burning policy by changing the previous quarterly repurchase policy to daily repurchase. After its activation, CoinEx repurchases CET in the secondary market with 50% of its daily profits from transaction fees everyday and burns them at the end of each quarter. Along with the new plan, an independent page designed to display the relevant information was also launched, including circulating supply, circulating market value, daily repurchase quantity, etc, enabling users to view repurchase and burning details clearly. By doing so, CoinEx achieves 100% transparency. 2. Preferential deduction of platform transaction fees CoinEx users can use CET to directly deduct equivalent transaction fees and enjoy exclusive discounts when trading. 3. VIP service Users can be VIPs by holding a certain amount of CET or directly purchase the VIP privilege with CET. VIPs are entitled to such privileges as discounted rates, accelerated withdrawals and exclusive customer service. 4. Privileges for special activities CET holders can enjoy special privileges in marketing activities of the platform, such as entrance tickets to token airdrops or high-quality project acceleration opportunities. 5. Election for nodes to participate in community governance CET holders who meet the quantity requirements can campaign for nodes and participate in the launch and voting of CoinEx Chain proposals as part of community governance. 6. Staking returns CET holders can vote for validators and can participate in the Staking economy of CoinEx Chain for Staking returns. 7. Easier trading on CoinEx DEX On the DEX public chain, users can send and receive CET tokens, and can also create tokens and related trading pairs based on their needs. Moreover, they can perform operations such as additional issuance, burning, locking, and unlocking of tokens, place orders and query transaction history. 8. More CET privileges Haipo once said: “As the native token of CoinEx Chain, CET will no longer only be the platform token of the exchange. It will have a higher value as the native token of the public chain ecosystem. Its value no longer depends solely on the income of the exchange, but also comes from the consensus from a growing user base, with CET being a tool or currency. As more people use it, the consensus is generated and higher value is created. In addition, CET was decentralized through the decentralized public chain. The exchange can be gone, but not the public chain. CET will be given more vitality.” It can thus be clear that CoinEx’s ambition goes beyond a public chain towards a decentralized public chain ecosystem. The public chain usually represents the current development direction and the latest research results of the mainstream blockchain technology. In this regard, efforts to develop public chains are of great guiding significance to explore blockchain technology and apply it to the physical industry. We have every confidence that CET will become a king of the new generation of public chain tokens. “CET believers” also have a great faith in its future value and ecological promotion. Despite all the twists and turns ahead, CET is bound to blaze a trail and lead the industry.
As a global and professional cryptocurrency exchange service provider, CoinEx was founded in December 2017 with Bitmain-led investment and has obtained a legal license in Estonia. It is a subsidiary brand of the ViaBTC Group, which owns the fifth largest BTC mining pool, which is also the largest of BCH mining, in the world. CoinEx supports perpetual contract, spot, margin trading and other derivatives trading, and its service reaches global users in nearly 100 countries/regions with various languages available, such as Chinese, English, Korean and Russian. Website:https://www.coinex.com/ Twitter:https://twitter.com/coinexcom Telegram:https://t.me/CoinExOfficialENG Click hereto register on CoinEx!
We've been overwhelmed with newcomer posts. In light of this, we created a bot that will PM people without flairs various pertinent information to read through when they post. In order to stop receiving these, simply add a flair to your name. Thanks!
Hey guys. There have been numerous scammers lately who have been private messaging redditors. Their goal is for you to send Litecoins to their address. So far, they've followed the same writing template. It looks something like this: https://imgur.com/0UZczuz If someone is telling you to send to a Litecoin address they are providing, DON'T. They're trying to steal your Litecoins. If you're not sure, read the wealth of knowledge below or comment below and I will eventually get to you.
(Re-post of u/Sparkswont cuz it was archived) Whether you're new to cryptocurrency and have no clue what a 'litecoin' is, or a seasoned investor in cryptocurrencies, the resources below will answer all your questions. If you still have questions, feel free to ask below in the comments!
What is Litecoin?
Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Litecoin is one of the largest, oldest, and most used cryptocurrencies in the world. Similar to Bitcoin, Litecoin uses blockchain technology to process transactions. So what's the difference? To process a block, Litecoin takes 2.5 minutes rather than Bitcoins 10 minutes. This allows for faster processing times. Litecoin also has the capability to produce a total of 84 million units, compared to Bitcoins 21 million. In addition, Litecoin uses scrypt in its proof-of-work algorithm, a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard. Still confused? Take a look at this video!
Where can I buy Litecoin?
There are many websites and applications where you can buy and sell Litecoin, but make sure the exchange you are using is trusted and secure. Here are some exchanges that are trusted in the cryptocurrency community:
Litecoin (and other cryptocurrencies) is stored in a digital wallet. When storing Litecoin, you want to make sure you trust the place you store them. This is why it is best to store them yourself through the electrum wallet. It is highly suggested to not store your Litecoin in an exchange (such as Coinbase, Poloniex, Bittrex, etc.) because you don't control the private keys. If the exchange ever goes offline, or becomes insolvent, your Litecoin essentially disappear. Some other options are:
If you're a fan of mobile devices, then Loafwallet is the wallet for you. Developed by a Litecoin Foundation Dev, losh11, this mobile wallet works great! And remember to always make sure to write down your seedkeys.
Hardware wallets are another great option, in fact, they are said to be the most secure way to store cryptocurrencies. Below is a list of the litecoin flexible hardware wallets.
Litecoin is in the top ten of all cryptocurrencies by market capitalization. Websites are rapidly adopting Litecoin as a method of payment as well. If you yourself want to accept LTC as a business, you can refer to these merchant manuals. Alternatively, if you would like to explore websites that accept Litecoin, head over to /AcceptingLTC. Here are also several of our favorite merchants accepting Litecoin.
Where can I discuss Litecoin?
The Litecoin community is extremely kind and robust. There are many forums and places where you can discuss Litecoin with others who are interested in the currency. Here are the main ones:
If you have more questions, or are genuinely interested in learning more about Litecoin then be sure to read this series. If you have a specific question that you can't seem to find the answer too, ask below and someone will help you out!
A short Background 2008 was the worst financial crisis the world had experience since the great depression. The efforts of banks worldwide were not enough to prevent its occurrence. Shortly after, someone by the name of Satoshi Nakamoto offered an alternative solution. A digital currency that removes the need for a central bank. His proposal written in the Bitcoin white paper, is summarized below:
A secure, decentralized network.
A system with economic properties.
No need for banks or rule makers.
Instant transactions without a need of a third party or government approval.
Bringing financial services to the unbanked 2.5 billion people.
Total financial freedom. No one can freeze your accounts.
Low transaction costs. No ridiculously high transaction fees.
A currency with finite amount where no one can print money whenever they want.
Bitcoin In 2009, when Satoshi Nakamoto launched Bitcoin, the network consisted of computers (in crypto terms, these are called Nodes) to approve transactions, movements of data along the chain. This allows for everyone willing to become a participant, creating a decentralized global network. Allowing for a decentralized currency, free of the control of politicians, or institutions. The rules can only be changed if 51% of the network agrees on it. This way the network is completely democratized and resistant to hacking attacks. Unlike today’s financial institutions, no one can freeze your account or prevent you sending money. You are the only person who truly holds your wealth. It is an open source project. Anyone can see the code and offer or discuss changes with the community. On the other hand, anyone participating to the network with computational power gets incentives or pay, with a fractional amount of BTC. Blockchain The core of a secure decentralized network like Bitcoin, lies the Blockchain technology. To put it simply, the blockchain is like a series of Lego, connected to each other by linking information, called transactions. These transactions contain the following data sender, receiver and the unique signature of the sender. The data will be converted into “hash” before being saved into a block. The bitcoin hash is generated using a set of cryptographic functions called sha256. This way the information is encrypted, is compressed and saved in the block. Additionally, each block in the chain, contains the information from the block before it. This ensures that if someone tries to maliciously modify information in a block, all the block following this attempt will be changed, making it easier to spot. Each block includes the information from the previous block. If someone wants to maliciously change the information in one block that change the complete result of all following blocks. In this type of network there is only one blockchain, and all the information is kept in a public ledger which is shared amongst all the participating networks. For the blockchain to be valid, more than 50% of the participants (nodes and their computational power) must agree with it. Bitcoin Today (2018) Until today many, many, events have happened. The network has grown massively. The underlying code is improved in many ways. There are more and more developers and investors that have entered the cryptocurrency space. Currently there are proposed changes being developed to the Bitcoin network that will make bitcoin rival the centralized networks of today (Visa, Mastercard), while significantly lowering the cost of these transaction. Many alternative cryptocurrencies have been created along the way, improving some of the aspects of the bitcoin and focusing on certain applications, in the crypto-space, we call them altcoins. WHY VERGE The way that Bitcoin function, has severe flaws with regards to privacy:
Public Ledger: The transaction information is public, meaning, that transactions can be linked to a person.
IP Leakage: A persistent and motivated attacker will be able to associate your IP address with your bitcoin transaction.
Due to the above reasons, it was clear that there would be a need for a privacy coin. Different coins were then created that had this problem in mind. They were ‘too private’ in the sense that they completely by-passed the public ledger. The public ledger allows merchant to provide proof of transactions, which is important for bookkeeping. Enter Verge Currency, formerly Dogecoindark; which offers transaction on the ledger, both public and private. Allowing the user to choose if the transactions are public or private. VERGE CURRENCY 2014 saw the birth of Dogecoin Dark; in 2016, it was rebranded to Verge Currency. Verge improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining your privacy. What is the Verge Currency Mission? Verge Currency aims to empower people around the globe using blockchain in everyday life and makes it possible for people to engage in transactions quickly, efficiently and privately. With Verge, business and individuals now have flexible options for sending and receiving payments. Verge Currency also offer helpful integrations and tools that enable them to handle large scale transactions between merchants and small-scale private payments. Is Verge Currency a private company and how is it funded? Following in the spirit of Bitcoin, Verge is an open-source software, and a community. It is not a company, never had an ICO. The development is entirely funded by the community and the developers. Currently Verge is looking into setting up an official Verge merchandise store, and an Official Verge mining pool, for multiple algorithms. Tech General technical capabilities of XVG blockchain:
PoW (Proof of Work)
Scrypt, X17, Lyra2rev2, myr-groestl and blake2s
Max Coin Supply
16.5 billion XVG
15.2 billion XVG
Tx (Transaction) Speed
Tps (Transactions per sec.)
100 (Will be ~2000 with RSK)
Tor + I2P Networks
fully obfuscated IP address / User's Location is hidden
It enables users to anonymously receive funds to their wallet. Therefore third parties are no longer able to track receivers addresses, nor are they able to combine official wallet addresses with their stealth addresses.
Community Verge is a community-driven project. The community is the pillar of Verge, from the past to the future, the community built Verge. The community or Vergefam connects everyone from around the world, regardless of cultural background. The common vision is to provide everyone access to financial freedom, and the choice of privacy while transacting. Below you can find the Verge Telegram communities from around the world;
Mass Adoption Low fees, quick transactions, high volume in circulation, multiplatform support, Wraith protocol are the ingredients that make Verge perfectly positioned for mass adoption. Transact on the public ledger for everyday purchases or stay private if you wish so. Getting Started You can find the matching instructions as below:
What are cryptocurrencies? Cryptocurrencies are peer to peer technology protocols which rely on the block-chain; a system of decentralized record keeping which allows people to exchange unmodifiable and indestructible information “coins,” globally in little to no time with little to no fees – this translates into the exchange of value as these coins cannot be counterfeit nor stolen. This concept was started by Satoshi Nakamoto (allegedly a pseudonym for a single man or organization) whom described and coded Bitcoin in 2009. What is DigiByte? DigiByte (DGB) is a cryptocurrency like Bitcoin. It is also a decentralized applications protocol in a similar fashion to Neo or Ethereum. DigiByte was founded and created by Jared Tate in 2014. DigiByte allows for fast (virtually instant) and low cost (virtually free) transactions. DigiByte is hard capped at 21 billion coins which will ever be mined, over a period of 21 years. DigiByte was never an ICO and was mined/created in the same way that Bitcoin or Litecoin initially were. DigiByte is the fastest UTXO PoW scalable block-chain in the world. We’ll cover what this really means down below. DigiByte has put forth and applied solutions to many of the problems that have plagued Bitcoin and cryptocurrencies in general – those being:
Maintaining low fees.
Maintaining fast transaction times.
Maintaining robust security + the immutable ledger.
And most importantly assuring massive scalability on chain.
We will address these point by point in the subsequent sections. The DigiByte Protocol DigiByte maintains these properties through use of various technological innovations which we will briefly address below. Why so many coins? 21 Billion When initially conceived Bitcoin was the first of a kind! And came into the hands of a few! The beginnings of a coin such as Bitcoin were difficult, it had to go through a lot of initial growth pains which following coins did not have to face. It is for this reason among others why I believe Bitcoin was capped at 21 million; and why today it has thus secured a place as digital gold. When Bitcoin was first invented no one knew anything about cryptocurrencies, for the inventor to get them out to the public he would have to give them away. This is how the first Bitcoins were probably passed on, for free! But then as interest grew so did the community. For them to be able to build something and create something which could go on to have actual value, it would have to go through a steady growth phase. Therefore, the control of inflation through mining was extremely important. Also, why the cap for Bitcoin was probably set so low - to allow these coins to amass value without being destroyed by inflation (from mining) in the same way fiat is today! In my mind Satoshi Nakamoto knew what he was doing when setting it at 21 million BTC and must have known and even anticipated others would take his design and build on top of it. At DigiByte, we are that better design and capped at 21 billion. That's 1000 times larger than the supply of Bitcoin. Why though? Why is the cap on DigiByte so much higher than that of Bitcoin? Because DigiByte was conceived to be used not as a digital gold, nor as any sort of commodity, but as a real currency! Today on planet Earth, we are approximately 7.6 billion people. If each person should want or need to use and live off Bitcoin; then equally split at best each person could only own 0.00276315789 BTC. The market cap for all the money on the whole planet today is estimated to have recently passed 80 trillion dollars. That means that each whole unit of Bitcoin would be worth approximately $3,809,523.81! $3,809,523.81 This is of course in an extreme case where everyone used Bitcoin for everything. But even in a more conservative scenario the fact remains that with such a low supply each unit of a Bitcoin would become absurdly expensive if not inaccessible to most. Imagine trying to buy anything under a dollar! Not only would using Bitcoin as an everyday currency be a logistical nightmare but it would be nigh impossible. For each Satoshi of a Bitcoin would be worth much, much, more than what is realistically manageable. This is where DigiByte comes in and where it shines. DigiByte aims to be used world-wide as an international currency! Not to be hoarded in the same way Bitcoin is. If we were to do some of the same calculations with DigiByte we'd find that the numbers are a lot more reasonable. At 7.6 billion people, each person could own 2.76315789474 DGB. Each whole unit of DGB would be worth approximately $3,809.52. $3,809.52 This is much more manageable and remember in an extreme case where everyone used DigiByte for everything! I don't expect this to happen anytime soon, but with the supply of DigiByte it would allow us to live and transact in a much more realistic and fluid fashion. Without having to divide large numbers on our phone's calculator to understand how much we owe for that cup of coffee! With DigiByte it's simple, coffee cost 1.5 DGB, the cinema 2.8 DGB, a plane ticket 500 DGB! There is a reason for DigiByte's large supply, and it is a good one! Decentralisation Decentralisation is an important concept for the block-chain and cryptocurrencies in general. This allows for a system which cannot be controlled nor manipulated no matter how large the organization in play or their intentions. DigiByte’s chain remains out of the reach of even the most powerful government. This allows for people to transact freely and openly without fear of censorship. Decentralisation on the DigiByte block-chain is assured by having an accessible and fair mining protocol in place – this is the multi-algorithm (MultiAlgo) approach. We believe that all should have access to DigiByte whether through purchase or by mining. Therefore, DigiByte is minable not only on dedicated mining hardware such as Antminers, but also through use of conventional graphics cards. The multi-algorithm approach allows for users to mine on a variety of hardware types through use of one of the 5 mining algorithms supported by DigiByte. Those being:
Please note that these mining algorithms are modified and updated from time to time to assure complete decentralisation and thus ultimate security. The problem with using only one mining algorithm such as Bitcoin or Litecoin do is that this allows for people to continually amass mining hardware and hash power. The more hash power one has, the more one can collect more. This leads to a cycle of centralisation and the creation of mining centres. It is known that a massive portion of all hash power in Bitcoin comes from China. This kind of centralisation is a natural tendency as it is cheaper for large organisations to set up in countries with inexpensive electricity and other such advantages which may be unavailable to the average miner. DigiByte mitigates this problem with the use of multiple algorithms. It allows for miners with many different kinds of hardware to mine the same coin on an even playing field. Mining difficulty is set relative to the mining algorithm used. This allows for those with dedicated mining rigs to mine alongside those with more modest machines – and all secure the DigiByte chain while maintaining decentralisation. Low Fees Low fees are maintained in DigiByte thanks to the MultiAlgo approach working in conjunction with MultiShield (originally known as DigiShield). MultiShield calls for block difficulty readjustment between every single block on the chain; currently blocks last 15 seconds. This continuous difficulty readjustment allows us to combat any bad actors which may wish to manipulate the DigiByte chain. Manipulation may be done by a large pool or a single entity with a great amount of hash power mining blocks on the chain; thus, increasing the difficulty of the chain. In some coins such as Bitcoin or Litecoin difficulty is readjusted every 2016 blocks at approximately 10mins each and 2mins respectively. Meaning that Bitcoin’s difficulty is readjusted about every two weeks. This system can allow for large bad actors to mine a coin and then abandon it, leaving it with a difficulty level far too high for the present hash rate – and so transactions can be frozen, and the chain stopped until there is a difficulty readjustment and or enough hash power to mine the chain. In such a case users may be faced with a choice - pay exorbitant fees or have their transactions frozen. In an extreme case the whole chain could be frozen completely for extended periods of time. DigiByte does not face this problem as its difficulty is readjusted per block every 15 seconds. This innovation was a technological breakthrough and was adopted by several other coins in the cryptocurrency environment such as Dogecoin, Z-Cash, Ubiq, Monacoin, and Bitcoin Gold. This difficulty readjustment along with the MultiAlgo approach allows DigiByte to maintain the lowest fees of any UTXO – PoW – chain in the world. Currently fees on the DigiByte block-chain are at about 0.0001 DGB per transaction of 100 000 DGB sent. This depends on the amount sent and currently 100 000 DGB are worth around $2000.00 with the fee being less than 0.000002 cents. It would take 500 000 transactions of 100 000 DGB to equal 1 penny’s worth. This was tested on a Ledger Nano S set to the low fees setting. Fast transaction times Fast transactions are ensured by the conjunctive use of the two aforementioned technology protocols. The use of MultiShield and MultiAlgo allows the mining of the DigiByte chain to always be profitable and thus there is always someone mining your transactions. MultiAlgo allows there to a greater amount of hash power spread world-wide, this along with 15 second block times allows for transactions to be near instantaneous. This speed is also ensured by the use DigiSpeed. DigiSpeed is the protocol by which the DigiByte chain will decrease block timing gradually. Initially DigiByte started with 30 second block times in 2014; which today are set at 15 seconds. This decrease will allow for ever faster and ever more transactions per block. Robust security + The Immutable Ledger At the core of cryptocurrency security is decentralisation. As stated before decentralisation is ensured on the DigiByte block chain by use of the MultiAlgo approach. Each algorithm in the MultiAlgo approach of DigiByte is only allowed about 20% of all new blocks. This in conjunction with MultiShield allows for DigiByte to be the most secure, most reliable, and fastest UTXO block chain on the planet. This means that DigiByte is a proof of work (PoW) block-chain where all transactional activities are stored on the immutable public ledger world-wide. In DigiByte there is no need for the Lightning protocol (although we have it) nor sidechains to scale, and thus we get to keep PoW’s security. There are many great debates as to the robustness or cleanliness of PoW. The fact remains that PoW block-chains remain the only systems in human history which have never been hacked and thus their security is maximal. For an attacker to divert the DigiByte chain they would need to control over 93% of all the hashrate on one algorithm and 51% of the other four. And so DigiByte is immune to the infamous 51% attack to which Bitcoin and Litecoin are vulnerable. Moreover, the DigiByte block-chain is currently spread over 200 000 plus servers, computers, phones, and other machines world-wide. The fact is that DigiByte is one of the easiest to mine coins there is – this is greatly aided by the recent release of the one click miner. This allows for ever greater decentralisation which in turn assures that there is no single point of failure and the chain is thus virtually un-attackable. On Chain Scalability The biggest barrier for block-chains today is scalability. Visa the credit card company can handle around 2000 transactions per second (TPS) today. This allows them to ensure customer security and transactional rates nation-wide. Bitcoin currently sits at around 7 TPS and Litecoin at 28 TPS (56 TPS with SegWit). All the technological innovations I’ve mentioned above come together to allow for DigiByte to be the fastest PoW block-chain in the world and the most scalable. DigiByte is scalable because of DigiSpeed, the protocol through which block times are decreased and block sizes are increased. It is known that a simple increase in block size can increase the TPS of any block-chain, such is the case with Bitcoin Cash. This is however not scalable. The reason a simple increase in block size is not scalable is because it would eventually lead to some if not a great amount of centralization. This centralization occurs because larger block sizes mean that storage costs and thus hardware cost for miners increases. This increase along with full blocks – meaning many transactions occurring on the chain – will inevitably bar out the average miner after difficulty increases and mining centres consolidate. Hardware cost, and storage costs decrease over time following Moore’s law and DigiByte adheres to it perfectly. DigiSpeed calls for the increase in block sizes and decrease in block timing every two years by a factor of two. This means that originally DigiByte’s block sizes were 1 MB at 30 seconds each at inception in 2014. In 2016 DigiByte increased block size by two and decreased block timing by the same factor. Perfectly following Moore’s law. Moore’s law dictates that in general hardware increases in power by a factor of two while halving in cost every year. This would allow for DigiByte to scale at a steady rate and for people to adopt new hardware at an equally steady rate and reasonable expense. Thus so, the average miner can continue to mine DigiByte on his algorithm of choice with entry level hardware. DigiByte was one of the first block chains to adopt segregated witness (SegWit in 2017) a protocol whereby a part of transactional data is removed and stored elsewhere to decrease transaction data weight and thus increase scalability and speed. This allows us to fit more transactions per block which does not increase in size! DigiByte currently sits at 560 TPS and could scale to over 280 000 TPS by 2035. This dwarfs any of the TPS capacities; even projected/possible capacities of some coins and even private companies. In essence DigiByte could scale worldwide today and still be reliable and robust. DigiByte could even handle the cumulative transactions of all the top 50 coins in coinmarketcap.com and still run smoothly and below capacity. In fact, to max out DigiByte’s actual maximum capacity (today at 560 TPS) you would have to take all these transactions and multiply them by a factor of 10! Oher Uses for DigiByte Note that DigiByte is not only to be used as a currency. Its immense robustness, security and scalability make it ideal for building decentralised applications (DAPPS) which it can host. DigiByte can in fact host DAPPS and even centralised versions which rely on the chain which are known as Digi-Apps. This application layer is also accompanied by a smart contract layer. Thus, DigiByte could host several Crypto Kitties games and more without freezing out or increasing transaction costs for the end user. Currently there are various DAPPS being built on the DigiByte block-chain, these are done independently of the DigiByte core team. These companies are simply using the DigiByte block-chain as a utility much in the same way one uses a road to get to work. One such example is Loly – a Tinderesque consensual dating application. DigiByte also hosts a variety of other platform projects such as the following:
DigiPay – A jqeury online payment protocol portal web plugin.
DigiByte DigiHash - The official DigiByte foundation mining pool.
DigiByte Digi-ID – A platform for identity verification to be used in lieu of two factor authentication and passwords.
DigiByte Emma AI – A DigiByte interactive artificial intelligence assistant.
DigiByte DigiMan – A web browser plugin to be used as a security layer two protocol.
DigiByte DigiSeeder – A background seeding service which assures all wallets quickly find other peers in the network.
DigiByte DigiMessenger – A ground-breaking messaging application built on top of DigiByte which features robust and virtually unbreakable encryption.
DigiByte OneClickMiner – An easy to set up application which allows users to quickly start mining DigiByte on their home machines.
DigiByte DigiBot – A telegram bot for users to interact with DigiByte and more.
The DigiByte Foundation As previously mentioned DigiByte was not an ICO. The DigiByte foundation was established in 2017 by founder Jared Tate. Its purpose is as a non-profit organization dedicated to supporting and developing the DigiByte block-chain. DigiByte is a community effort and a community coin, to be treated as a public resource as water or air. Know that anyone can work on DigiByte, anyone can create, and do as they wish. It is a permissionless system which encourages innovation and creation. If you have an idea and or would like to get help on your project do not hesitate to contact the DigiByte foundation either through the official website and or the telegram developer’s channel. For this reason, it is ever more important to note that the DigiByte foundation cannot exist without public support. And so, this is the reason I encourage all to donate to the foundation. All funds are used for the maintenance of DigiByte servers, marketing, and DigiByte development. DigiByte Resources and Websites DigiByte
OS X Wallet
Rasberry Pi Wallet
Ledger Hardware Wallet
Please refer to the sidebar of this sub-reddit for more resources and information. Edit - Removed Jaxx wallet. Edit - A new section was added to the article: Why so many coins? 21 Billion Edit - Adjusted max capacity of DGB's TPS - Note it's actually larger than I initially calculated. Edit – Grammar and format readjustment Hello, I hope you’ve enjoyed my article, I originally wrote this for the reddit sub-wiki where it generally will most likely, probably not, get a lot of attention. So instead I've decided to make this sort of an introductory post, an open letter, to any newcomers to DGB or for those whom are just curious. I tried to cover every aspect of DGB, but of course I may have forgotten something! Please leave a comment down below and tell me why you're in DGB? What convinced you? Me it's the decentralised PoW that really convinced me. Plus, just that transaction speed and virtually no fees! Made my mouth water! -Dereck de Mézquita I'm a student typing this stuff on my free time, help me pay my debts? Thank you! D64fAFQvJMhrBUNYpqUKQjqKrMLu76j24g https://digiexplorer.info/address/D64fAFQvJMhrBUNYpqUKQjqKrMLu76j24g
It is a cheaper and faster Bitcoin, plain and simple. If you've been paying attention to any of the news in 2018, you'll start to hear a theme developing. People are looking for alternatives to BTC because it's too expensive. They want something similar but cheaper and faster. Then they look at Litecoin in the top 10 on CMC and realize it's exactly what they're looking for. Here are three specific examples to prove my point:
The Lightning Network having Bitcoin and Litecoin support (lnd implementation).
Abra got killed by BTC's fees in December. It was unsustainable. Looked for a cheaper alternative. Litecoin was the only option. (Bill's words, not mine).
Vrporn.com Just going to copy and paste what he wrote:
> Litecoin has widespread adoption and processing is fast with low fees. It also has one of the most robust networks. We considered starting with Bitcoin, but the transaction fees were nuts for a while, it didn't pass the "buy a cup of coffee" test. -dan But being similar to BTC isn't its only advantage. It is one of the most liquid cryptocurrencies on the market and that is absolutely important for merchants. Case and point, CEO of TapJets asking Ripple about their liquidity. >@TapJets @SatoshiLite and I had a great conversation today. 15 hours left till polling closes. @Ripple folks, can you enlighten my team and me on your exchange relationships? We did hear about Gemini, would love to hear more as to portability of the coin asset to USD/Cash #XRP #XVG #LTC https://twitter.com/EugeneKesselman/status/997255568120102914 Lastly, Litecoin has Scrypt dominance. This is so incredibly important. That means miners from a bigger coin can't all of sudden point their miners to LTC to completely wreck. Every other Scrypt coin has to live in constant fear of this though. >Litecoin is 99% dominant in Scrypt PoW. LTC has network hashrate of 301 TH/s. The next largest non-merged-mined Scrypt coin (GAME) only has 2 TH/s. Takes less than 1% of the LTC network to 51% attack other Scypt coins. But miners won't attack Litecoin and kill their cash chikun. https://twitter.com/SatoshiLite/status/999752009346465792 Moral of the story? Litecoin doesn't need fancy whitepapers to shill. It doesn't need cool new partnerships or developments to advertise every week or so just to keep the price up. Litecoin is what most other cryptocurrencies hope to be:
High liquidity by being on as many exchanges as possible (btw this was not by accident but a strategic play by coblee).
Adoption because it is being sought after as well as due to community efforts.
That's not to say Litecoin doesn't have room to improve. Of course it does! I would love it if we had LTC dev's submitting Litecoin Improvement Protocols (LIP's) or even building games for people to play on top of LTC. Or building explorers or SegWit rate trackers or API's for other people to use. Or working with BTC dev's to help submit stuff upstream. Or for the community to continually be reaching out to anyone and everyone they know bugging the hell out of them to take LTC as a payment option. All of these things are very much needed. But don't think for a second that we are behind in anyway. In fact, it is the opposite. We are light years ahead. It's the other altcoins who are playing catch-up.
What is Garlicoin? Garlicoin is a community-based cryptocurrency that was originally founded based on a meme of garlic bread that reached the front page of Reddit. The concept of a memecoin is similar to that of the more well-known Dogecoin, but Garlicoin is actually a fork of Litecoin, which is itself a fork of Bitcoin. What technology is behind Garlicoin? As it's just a fork of Litecoin, it's basically the same thing with how the addresses, wallets, etc. work but there are a few key differences. Most importantly, the mining algorithm is called "Allium," which was specially developed to be ASIC-resistant. Originally the coin was based on Scrypt-N but a hard-fork occurred on 2/16/2018 in order to solve the problem of ASICs that were discovered on the network. Another key difference is that Garlicoin only has a 40 second block time, so transactions confirm very fast. Who developed Garlicoin? Disclaimer: Most of the code was copy-pasted. However, there are a few developers that continue to work on the project. u/DigitalizedOrange was the founder, he likes anime. Most of the moderators are also part of the team. Should I invest in Garlicoin? Like any cryptocurrency, don't treat it as investing. Treat it like speculation or gambling. If you're not willing to lose that money, the answer is no. Garlicoin has even more risk behind it as it isn't trying to be at the forefront of technology or anything. All we have is meme appeal and garlic bread. Why did the price just moon? Or why did it just crash? With such a low volume in Garlicoin exchanges, the price can be easily manipulated. Trade with caution. How can I start mining? Check out the mining section in the links and tutorials down below. There's a great guide to setting everything up by Pandawan. Why does the explorer show a different value than my web-based wallet? Some web-based wallets, such as GarlicWallet.com, are shared wallets meaning that you don't own the private keys and the website will move your coins around between addresses. The address you receive just credits your online account so you can withdraw a specific amount however you technically do not own those coins and if the site goes down then you may lose access to them forever. For that reason, it's highly recommended that you use a wallet where you own the private keys. Paper wallets are the most secure for large values as long as you physically keep them in a safe place, as they cannot be hacked. What other Garlic Bread goodness can I get into? Check out GBDS (dating simulator) and GarlicBreadMemes if you can't get enough. I have another question that isn't answered here! First try using the search bar for this subreddit. If you can't find an answer then you can create a new thread and someone from the community will most likely help you. If I forgot to add a commonly asked question to this guide, or if there's anything else you'd like to see explained/linked here, please let me know in the comments.
Blockchain Glossary: From A-Z 51% Attack When more than half of the computing power of a cryptocurrency network is controlled by a single entity or group, this entity or group may issue conflicting transactions to harm the network, should they have the malicious intent to do so. Address Cryptocurrency addresses are used to send or receive transactions on the network. An address usually presents itself as a string of alphanumeric characters. ASIC Short form for ‘Application Specific Integrated Circuit’. Often compared to GPUs, ASICs are specially made for mining and may offer significant power savings. Bitcoin Bitcoin is the first decentralised, open source cryptocurrency that runs on a global peer to peer network, without the need for middlemen and a centralised issuer. Block Blocks are packages of data that carry permanently recorded data on the blockchain network. Blockchain A blockchain is a shared ledger where transactions are permanently recorded by appending blocks. The blockchain serves as a historical record of all transactions that ever occurred, from the genesis block to the latest block, hence the name blockchain. Block Explorer Block explorer is an online tool to view all transactions, past and current, on the blockchain. They provide useful information such as network hash rate and transaction growth. Block Height The number of blocks connected on the blockchain. Block Reward A form of incentive for the miner who successfully calculated the hash in a block during mining. Verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded a portion of those. Central Ledger A ledger maintained by a central agency. Confirmation The successful act of hashing a transaction and adding it to the blockchain. Consensus Consensus is achieved when all participants of the network agree on the validity of the transactions, ensuring that the ledgers are exact copies of each other. Cryptocurrency Also known as tokens, cryptocurrencies are representations of digital assets. Cryptographic Hash Function Cryptographic hashes produce a fixed-size and unique hash value from variable-size transaction input. The SHA-256 computational algorithm is an example of a cryptographic hash. Dapp A decentralised application (Dapp) is an application that is open source, operates autonomously, has its data stored on a blockchain, incentivised in the form of cryptographic tokens and operates on a protocol that shows proof of value. DAO Decentralised Autonomous Organizations can be thought of as corporations that run without any human intervention and surrender all forms of control to an incorruptible set of business rules. Distributed Ledger Distributed ledgers are ledgers in which data is stored across a network of decentralized nodes. A distributed ledger does not have to have its own currency and may be permissioned and private. Distributed Network A type of network where processing power and data are spread over the nodes rather than having a centralised data centre. Difficulty This refers to how easily a data block of transaction information can be mined successfully. Digital Signature A digital code generated by public key encryption that is attached to an electronically transmitted document to verify its contents and the sender’s identity. Double Spending Double spending occurs when a sum of money is spent more than once. Ethereum Ethereum is a blockchain-based decentralised platform for apps that run smart contracts, and is aimed at solving issues associated with censorship, fraud and third party interference. EVM The Ethereum Virtual Machine (EVM) is a Turing complete virtual machine that allows anyone to execute arbitrary EVM Byte Code. Every Ethereum node runs on the EVM to maintain consensus across the blockchain. Fork Forks create an alternate version of the blockchain, leaving two blockchains to run simultaneously on different parts of the network. Genesis Block The first or first few blocks of a blockchain. Hard Fork A type of fork that renders previously invalid transactions valid, and vice versa. This type of fork requires all nodes and users to upgrade to the latest version of the protocol software. Hash The act of performing a hash function on the output data. This is used for confirming coin transactions. Hash Rate Measurement of performance for the mining rig is expressed in hashes per second. Hybrid PoS/PoW A hybrid PoS/PoW allows for both Proof of Stake and Proof of Work as consensus distribution algorithms on the network. In this method, a balance between miners and voters (holders) may be achieved, creating a system of community-based governance by both insiders (holders) and outsiders (miners). Mining Mining is the act of validating blockchain transactions. The necessity of validation warrants an incentive for the miners, usually in the form of coins. In this cryptocurrency boom, mining can be a lucrative business when done properly. By choosing the most efficient and suitable hardware and mining target, mining can produce a stable form of passive income. Multi-Signature Multi-signature addresses provide an added layer of security by requiring more than one key to authorize a transaction. Node A copy of the ledger operated by a participant of the blockchain network. Oracles Oracles work as a bridge between the real world and the blockchain by providing data to the smart contracts. Peer to Peer Peer to Peer (P2P) refers to the decentralized interactions between two parties or more in a highly-interconnected network. Participants of a P2P network deal directly with each other through a single mediation point. Public Address A public address is the cryptographic hash of a public key. They act as email addresses that can be published anywhere, unlike private keys. Private Key A private key is a string of data that allows you to access the tokens in a specific wallet. They act as passwords that are kept hidden from anyone but the owner of the address. Proof of Stake A consensus distribution algorithm that rewards earnings based on the number of coins you own or hold. The more you invest in the coin, the more you gain by mining with this protocol. Proof of Work A consensus distribution algorithm that requires an active role in mining data blocks, often consuming resources, such as electricity. The more ‘work’ you do or the more computational power you provide, the more coins you are rewarded with. Scrypt Scrypt is a type of cryptographic algorithm and is used by Litecoin. Compared to SHA256, this is quicker as it does not use up as much processing time. SHA-256 SHA-256 is a cryptographic algorithm used by cryptocurrencies such as Bitcoin. However, it uses a lot of computing power and processing time, forcing miners to form mining pools to capture gains. Smart Contracts Smart contracts encode business rules in a programmable language onto the blockchain and are enforced by the participants of the network. Soft Fork A soft fork differs from a hard fork in that only previously valid transactions are made invalid. Since old nodes recognize the new blocks as valid, a soft fork is essentially backward-compatible. This type of fork requires most miners upgrading in order to enforce, while a hard fork requires all nodes to agree on the new version. Solidity Solidity is Ethereum’s programming language for developing smart contracts. Testnet A test blockchain used by developers to prevent expending assets on the main chain. Transaction Block A collection of transactions gathered into a block that can then be hashed and added to the blockchain. Transaction Fee All cryptocurrency transactions involve a small transaction fee. These transaction fees add up to account for the block reward that a miner receives when he successfully processes a block. Turing Complete Turing complete refers to the ability of a machine to perform calculations that any other programmable computer is capable of. An example of this is the Ethereum Virtual Machine (EVM). Wallet A file that houses private keys. It usually contains a software client which allows access to view and create transactions on a specific blockchain that the wallet is designed for.
As part of my ongoing effort to develop stupid shit for Garlicoin, I present you: W-addresses!
“Wait, what?!” I hear you asking? Well…(buckle up, this is another one of my technical posts that goes on, and on…) For some time now, I have been using native SegWit (Pay-to-Witness-Public-Key-Hash, P2WPKH) transactions for myself. Mostly because they have a 75% fee subsidy on signature data (which comes out on ~50% fee subsidy on the entire transaction, depending on the type of transaction) and I am dutch after all ;-) It turns out that Garlicoin Core kind of supports them and kind of does not. If you manually register the transaction redeem script to your wallet (using the addwitnessaddress command) it will start recognizing them on the blockchain but gets kind of confused on how to deal with them, so it registers them all as ‘change’ transactions. Still, this means you can receive coins using these types of transactions and pay with them in all ways you can with regular Garlicoins, except your transactions are cheaper. However, sending coins using native SegWit is quite a hassle. You can basically only do it by creating your own raw transactions (createrawtransaction, edit it to make it native SegWit, fundrawtransaction, signrawtransaction, sendrawtransaction). On top of this, any change address the wallet creates are still legacy/normal Garlicoin addresses, so you will end up with a bunch of unspent transaction outputs (UTXOs) for which you have to pay full fee anyway. I decided we (I) could do better than this. But first a few steps back. What is this native SegWit anyway and weren’t people already using SegWit? Wasn’t there a user that just after mainnet launched accidentally made a SegWit transaction? So what the hell am I talking about? To understand this, you will need to know a few things about what SegWit is and how Bitcoin Garlicoin transactions work in general. Note that this bit gets really technical, so if you are not interested, you might want to skip ahead. A lot. First thing to understand is that addresses are not really a thing if you look at the blockchain. While nodes and explorers will interpret parts of a transaction as addresses, in reality addresses are just an abstraction around Bitcoin Script and an easy way send coins instead of asking people “hey, can you send some coins to the network in such a way that only the private key that corresponds to public key XYZ can unlock them?”. Let’s look at an example: say I ask you to send coins to my address GR1Vcgj2r6EjGQJHHGkAUr1XnidA19MrxC. What ends up happening is that you send coins out a transaction where you say that the coin are locked in the blockchain and can only be unlocked by successfully executing the following script:
The first byte (0x26, or 38) is the version byte. This tells the clients how the interpret the rest of the script. In our case 38 means Pay-to-Public-Key-Hash (P2PKH), or in other words the script mentioned above. The part after that is just the SHA1 hash of the public key and the final 4 bytes are a checksum to verify you did not make a typo when entering the address. Enter SegWit. What SegWit exactly is depends on who you are talking to, however it mostly is a different transaction format/protocol. The main change of SegWit is that signature data is not longer included in the transaction (fixing transaction malleability). Instead transaction data is sent separate from the transaction itself and outside of the (main) blocks. This is not really that much of an issue, except for the fact that people wanted to enable SegWit as a soft-fork instead of a hard-fork. This means that somehow unupgraded nodes needed a way to deal with these new transaction types without being able to verify them. The solution turned out to be to make use of an implementation detail of Bitcoin Script: if a piece of script executes without any errors, the last bit of data determines whether the transaction is valid (non-zero) or invalid (zero). This is what they used to implement SegWit. So what does this look like? Well, you might be surprised how simple a P2WPKH (the SegWit way of doing a P2PKH transaction) script looks:
Yes. That’s it. The first byte is the Witness program version byte. I.e. it tells you how the other data should be interpreted (very similar to how addresses work). Then there is the hash of the public key. As you can see, SegWit does not actually use Bitcoin Script. Mostly because it needs old nodes to ‘just accept’ its transactions. However interestingly enough, while the transaction format changed, the transaction data is pretty much the same:
I want to pay to a hash of a public key
This hash is XYZ.
This means that these kind of SegWit transactions need a new way of addressing them. Now, you might think that this is where the ‘3’ addresses on Bitcoin or the ‘M’ addresses on Garlicoin come in. However, that is not the case. These addresses are what are called Pay-to-Script-Hash (P2SH) addresses. There scrypt is like this:
Huh? Yeah, these are a very special type of transactions, that kind of go back to the “hey, can you send some coins to the network in such a way that only the private key that corresponds to public key XYZ can unlock them?” issue. These transactions are a way to have arbitrary smart contracts (within the limits of Bitcoin Script) to determine whether a transaction output can be spend or not without the sender of the coins having to deal with your scripts. Basically they use a hash of the “real” script, which whoever owns the coins has to provide when they want to spend them, as well as the specific inputs required for a script. This functionality is for example used in multi-signature (MultiSig) wallets, without requiring someone sending money to these wallets having to deal with random bits of information like how many signatures are required, how many private keys belong to the wallet, etc. This same method is used for so called P2SH-wrapped SegWit transactions (or P2SH-P2WPKH). Consider our earlier SegWit transaction output script:
Or 00144e9856671c3abb2f03b7d80b9238e8f5ecd9f050 in low-level hex. The P2SH script for this would be:
Which would give us address MNX1uHyAQMXsGiGt5wACiyMUgjHn1qk1Kw. This is what is now widely known and used as SegWit. But this is P2SH-wrapper SegWit, not native or "real" SegWit. Native would be using the data-only SegWit script directly. The reason for using the P2SH variant is mostly about compatibility. While SegWit nodes understand these newer transactions, they were never officially assigned a way to convert them to addresses. Hence, they will show up in blockchain explorers as Unparsed address  or something similar. Then there is also the whole thing about old nodes and relaying non-standard transactions, but I will skip that bit for now. Bitcoin is using/going to use new BECH32 addresses for native SegWit transactions, which looks completely different from the old Base-58 encoded addresses. However, right now, especially on Garlicoin, you cannot really use them and have to use the P2SH variant. But why not use these new cool transaction types without having to deal with all that useless and complex P2SH wrapping, right? Right? … Well, I went ahead and gave them their (unofficial) address space. So last thursday I made some changes to Garlicoin Core, to make dealing with these native SegWit transaction a lot easier. In short, the changes consist of:
Assigning address version byte 73 to them, in other words addresses starting with a ‘W’ (for ‘witness’).
Allowing the use of ‘W’ addresses when sending coins.
Make the wallet automatically recognize the SegWit transaction type for any newly generated address.
Add the getwitnessaddress command, which decodes a version 38 ‘G’ address and re-encodes the same data as a version 73 ‘W’ address (unfortunately it is not as simple as just changing the first letter). Note that this can be any address, not just your own. (That said, you should not send SegWit transactions to people not expecting them, always use the address given to you.)
Added the usewitnesschangeaddress configuration setting, to automatically use the cheaper SegWit transaction outputs for transaction change outputs.
(Since using the 'W' address only changes the way coins are sent to you and the private key used for both transaction types is the same:) When receiving coins they show all up under the original ‘G’ address, whether a SegWit or legacy/normal transaction type was used. The idea behind this is that both are actually the same "physical" (?) address, just to the way to coins to it differs. Address book entries are also merged and default to the ‘G’ address type.
Anyway, I don’t expect people to actually use this or it getting merged into mainline or anything. I actually mostly made this for myself, but thought I should share anyway. I guess it was also a nice opportunity to talk a bit about transactions and SegWit. :-) Btw, I also changed my pool to allow mining to ‘W’ addresses, to make coin consolidation cheaper (due to the SegWit fee subsidy). Right now this is only for instant payout though (as I would have to update the wallet node the pool is using for daily payout, which I haven’t done yet). Also note that you can actually mine to a ‘W’ address (and therefore use cheaper transactions) even if you are running the official, non-patched version of Garlicoin Core, however:
You need to manually convert your ‘G’ address to a ‘W’ address.
You need to run the addwitnessaddress command (Help -> Debug Window -> Console) to make the wallet recognize SegWit transactions (you can ignore the ‘M’ address it produces).
The wallet might get a bit confused as it does not really understand how it got the coins. This is mostly notable in the ‘Coin Control’ window if you have it enabled. Apart from that everything should still work though.
There is a discussion about nodes that came up today, where it seems I'm discouraging people from running the full QT/Core client. Yes and No. What I'm trying to make sure people understand is how things work, and that it is NOT mandatory to run a client in order to use Dogecoins (and yes, I realise that browser-based tools like coinb.in and wallet sweepers are 'clients' by strict definition). That said, more nodes is absolutely a good thing for the network. Preferrably full nodes. How do you run a full node? Just run Core/QT and open up Port 22556 on your router so it can connect to more than 8 peers. What will it cost you? You need your machine to be on 24/7/365, you need enough storage for the full blockchain (currently about 20Gb. Bitcoin is over 120Gb) and enough bandwidth to keep it in sync and share blocks with peers. A couple of Gb a month, most likely. This is best done with a desktop on a wired broadband link. Or maybe a hosted VM in the cloud. :)
EDIT 2017-01-09: Wallets WITHOUT Clients
Since I started helping people on /BitcoinBeginners, I'm getting a lot of questions about how to use wallets without running clients or trusting third parties. So here are a couple of resources that will make that possible, and not just for Dogecoin: Multi-Coin Wallet GeneratorNow supporting 129 currencies!Coinb.in Start by setting the currency, found in the gear wheel in the Broadcast tab. Dogecoin Wallet Sweeper Redeem 'paper' wallets containing up to about 100 UTXOs. Bitinfo Charts My favourite block explorer, handles a bunch of cryptos. Using these resources, it is possible to hold, receive and spend coins in various currencies, without having to run QT or a 'lite' client. You can also download and run the pages on your own device.
EDIT 2016-11-23: SEMANTICS about MINING! :P
Even though there is already a section on mining below, it has been suggested given the huge number of posts on the subject that this needs to be made clearer. Since people get their panties in a twist over the word 'dead', lets change that...
MINING IS DEAD!
MINING DOGECOIN IS UNPROFITABLE!
Put simply, there is no way to mine Dogecoin and make a profit because of the massive hashpower provided by industrial-scale Litecoin miners. Mining Doge directly stopped being viable when our hashrate exploded with the introduction of AuxPoW. Mining with CPU's and GPU's died when ASICs were introduced. And mining with a laptop WILL kill your laptop and cost you a fortune to repair or replace. Mining Litecoin with an exchange that also mines Doge and others will earn less than the electricity consumed, and you won't recover your costs. Probably ever, but certainly not in any reasonable time. Mining other currencies may be a thing, but that's beyond our scope here. This is /Dogecoin, not /GetRichMiningCryptos after all. If you want to mine the newest scamcoin for fun and profit, look elsewhere for advice. :/ Oh, and most important:
READ BEFORE YOU POST!
At any given time, there are half a dozen posts on the frontpage just like the one you're about to write, where the answers have already been given. Read them. Don't make people waste their time repeating themselves because you were too lazy to bother reading stuff. :P So there I was, having a quiet Sundy arvo bludge, as you do, when 42points turned up on Facebook and asked me to write a new sticky post for /dogecoin. Why would he do this, when he should be having a bludge himself, I hear you ask? Well, seems he was doing exactly that, and wanted to fob off the work he’s too slack to do himself. ;) Ah well, being a sucker for punishment, I’ll grudgingly oblige I guess. OK, first things first.
A client is a piece of software you keep on your computer which holds one or more wallets. Here are the current client versions. If you're using an older client please upgrade to the newest version prior to sending/receiving coins. Backup! Backup! Backup your wallet.dat file or private key so you can import them into the latest version of the client.
Be warned that unless you’re running Core (aka QT), you could have issues with wallets containing lots of UTXOs (Unspent Transaction Outputs - Where your coins REALLY live). Go read the ELI5 below, and keep a close eye on your transaction counts. If you DO run Core, realise that all full clients, regardless of the coin, require a copy of the blockchain and must keep it up to date. This will cost you time, storage space and bandwidth. You can save a little by downloading the bootstrap file though. I haven’t checked how recent this one is, so let me know if you find a more current version.
OK, so next, grab this wallet generator. Even if you plan on running a client(s). Because a) it does many, many cryptocurrencies, and b) you WILL need wallets at some stage over and above what you keep in your clients. Just be sure to run it locally (and offline if you’re truly paranoid).
Oh, and here’s a simple way to keep track of all your wallets using HTML. You can grab the source and modify it, then upload it wherever you need to suit your needs. You will also want a separate file with your private keys, but don’t upload that one anywhere, because if you lose your keys or someone else gets access to them, you will lose your coins.
Next, be aware that there are online wallets available. While any wallet you don’t own the keys to isn’t actually yours, and therefore isn’t safe, the following are safer than most. Dogetipbot of course is used daily by shibes on Reddit. Block.io uses multisig and gives you Doge, BTC and LTC wallets as well as testnets, and Dogechain gives you your private keys (and also offers a wallet sweeping service).
Exchanges also offer wallets, of course. Not that you should use them to store your hard-earned coins, because they can and do get hacked with monotonous regularity. But at some stage you’re going to want to trade, or hold a few uncommon coins. You could do worse than these three:
And then there’s the obligatory question of mining. Put simply, mining is for all intents and purposes dead, and has been for a long time now. The costs are greater than any possible returns. But, if you insist on doing it anyway, maybe because you inherited a miner, you can earn about 0.01 LTC/day per MH/s merge-mining at Litecoinpool. That’s about 4 cents. :(
Shibes sometimes complain that the devs are not as active in /dogecoin as they used to be. You can find them on IRC, slack or their very own sub if you need them though. Or poke sporklin, who can often help.
You can of course ask any questions here, or post them in the sub. However, do try searching first, because I guarantee every possible question has been asked many times before. And you should also subscribe and hang out in /dogeducation occasionally. There’s much awesomeness there.
From peoplma I was wondering if you could add just a couple things. A link to the coinomi android wallet, it's probably the best one out there. And a sentence somewhere along the lines of "if you need help with any dogecoin software you are welcome to make a post, but PLEASE include your OS, version number of the client, and any relevant transaction IDs that you are willing to share" if you can fit that in somewhere. Also, if you want to link to Prohashing, I'm pretty sure it's the only Scrypt mining pool that will actually pay out in doge. The others I know of pay out in litecoin or bitcoin. And it's a profit switching multipool, so gives a better return than just mining ltc/doge. And there's these two wiki articles I thought would be helpful to link /dogecoin/wiki/technical for those technically minded newbies or intermediate users who want to dig a little deeper. And maybe a link to /dogecoin/wiki/dogecoincoreguide next to the link for dogecoin core. From pts2002 Finally a proper sticky post! Here's some other stuff you could add: zpool.ca mining pool - You can get paid in pretty much any coin, and you can mine in multiple algos (currently mining lyra2v2 with my GPU). Doing about 500Ð/day shapeshift.io exchange - My favourite exchange, quick and easy. No registration required! Also, you should add some blockchain explorers! chain.so - Support for bitcoin, litecoin and doge. dogechain.info - Official blockchain explorer. Includes a wallet (already mentioned). Live update currently not working (?) EDIT: Here's another thing I found! preev.com currency value calculator - Easy way to check the value of your dogecoins (or bitcoins, or litecoins, or peercoins)!
There is a huge surge in devices attached to the internet, known as the Internet of Things, and it is estimated that over 80 Billion devices will be connected to the internet by 2025, from industrial machines to devices in our home. The constant hacking and cyber attacks have increased not only the demand but the necessity of secure solutions. Our privacy and digital footprint are at risk. [b]Some examples where encryption plays a role: [b]Secure messaging - To make messages truly secure we need a process whereby a cryptography can be applied to encrypt transaction. [b]Secure calling - Secure calling is a process whereby the caller and the recipient of the call are identified and linked via a blockchain enabled cryptocurrency transfer, again creating public and private encryption keys making the call truly private. [b]Secure media storage - To safely and securely store media a process is required where 1.) Access to the media is encrypted via public and private keys of the person wanting to store the media. 2.) The media itself needs to be encrypted with a set of encryption keys and 3.) Media storage costs need to be paid via cryptocurrency [b]Secure browsing - To browse the internet securely we need to create a process of verification whereby nodes on the blockchain can verify websites as “safe”. Furthermore, the entire process needs to be encrypted as well. [b]Verification - This is one of the most important uses of a blockchain, we can verify websites as in the example above but also various other things such as identity, title and ownership, date stamps and source of products as with the verification of the source of agricultural or other products. These are just a few examples. All of this data needs to be encrypted as well. [b]“Smart home” security - Wi-Fi is often used for remote monitoring and control. Home devices, when remotely monitored and controlled via the Internet, are an important constituent of the Internet of Things - all needing encryption, otherwise, hackers paradise. [b]EOT in the future - The examples we mentioned above are only “scratching the surface” of where these technologies are applicable and who knows what will be invented in future. Google, Apple and Uber are all testing cars that drive themselves. A major issue with this technology is again the security aspect and the need to protect against hacking and who want’s to get into a spaceship to Mars that might be hacked or hijacked by ransomware? So the future for the [b]“Encryption of Things” – EOT, looks very interesting indeed and the role of crypto currencies in this will be major. Read the full white paper here - http://eottoken.com/index.php/whitepape The first device using EOT Coin is the BitVault®[/b] - the World's first crypto communicator and blockchain phone. The BitVault is a revolutionary new product that is built around security and privacy enabled through Blockchain technology. Biometric Security enabled through fingerprint and iris scan. Iris patterns are unique to you and are virtually impossible to replicate. This means that iris authentication is one of the safest ways to keep your BitVault locked and the contents private. Proven Biometric technology brings a whole new level of security to your crypto currency and blockchain transactions. Creating Military grade security for your device through third party independent Multilayer security. September 2017 – Swiss Bank in Your Pocket integrates EOT Wallet(Achived) October 2017 – BitVault®, the world’s first blockchain phone launches in London with integration of EOT for secure calling, secure messaging and secure browsing (First batch shipped) November 2017 – BitVault® Global App Store launches for developers to develop their own applications (Achived) November 2017 – Website EOT Payment Gateway for WordPress and WooCommerce (ACHIVED) December 2017 – Cryptodoc stores all your documents securely and encrypted on your PC December 2017 – Password Wallet stores all your passwords for applications and websites encrypted on your PC January 2018 – Smart Router for secure, encrypted internet which is direct, safe and easy January 2018 – EOT Camera, an Encryption of Things connected camera February 2018 – EOT Development Kit for hardware devices EOT payment gateway live on swissbankinyourpocket.com, Now you can buy SBIYP and BitVault using EOT coins More on the BitVault here:- https://swissbankinyourpocket.com/bitvault/]https://swissbankinyourpocket.com/bitvault/https://swissbankinyourpocket.com/bitvault-apps/]https://swissbankinyourpocket.com/bitvault-apps/https://bitcointalk.org/index.php?topic=2152534.0]https://bitcointalk.org/index.php?topic=2152534.0 JOIN US ON REDDIT : http://www.reddit.com/EncryptionOfThings]www.reddit.com/EncryptionOfThings JOIN US ON SLACK : [url=https://join.slack.com/t/eot-coin/shared_invite/enQtMjc3NzkxNzY5NzQ0LTFjMWI5NTJjOGEzYjU5ZDk0ZjRjZWE3MzBkNmI0MmQ2NTUzMTBkOGQ1YmEyNTllMmNiYzA3MGZjOGVmY2IyZGU The EOT Token is trading on the Waves Platform, TOKENS are 1:1 image of EOT coins, EOT coins can be converted to tokens and vice versa using gateway service in SBIYP hardware wallet. if you do not have that hardware wallet, you can contact members on slack who have purchased SBIYP to do that swap for you. TOKEN DETAILS Name : EOT Token (Verified) Identifier : GdnNbe6E3txF63gv3rxhpfxytTJtG7ZYyHAvWWrrEbK5 Total supply : 100,000,000 EOT token (EOT) markets added on the Tidex Exchange https://tidex.com/exchange/eot/btchttps://tidex.com/exchange/eot/waves EOT Coin details (currently minable) https://github.com/EmbeddedDownloads/EOTCoin windows wallet[/b] https://github.com/EmbeddedDownloads/EOTCoin/releases/download/v220.127.116.11/EOTCoin-win.exe windows Desktop wallet[/b] https://github.com/EmbeddedDownloads/EOT-Coin-Windows-Desktop-Wallet/releases/download/1.0/EOTCoinDesktopWallet1-0.zip MAC Wallet [/b] https://github.com/EmbeddedDownloads/EOTCoin/releases/download/v18.104.22.168/EOTCOIN-Qt-OSX-v1001.dmg WEB wallet [/b] http://eot.digital (Closing, please withdraw your coins) ANDROID wallet [/b] https://github.com/EmbeddedDownloads/EOTAndroidWallet/releases Block Explorer [/b] http://www.eot.digital:3622/ Block Explorer 2 [/b] http://www.eotcoin.info (created by [b]@Luanptit[/b]) [Block reward [/b] 100 Coins, [b] ALGORITHM [/b] SCRYPT, [b] BLOCK TIME [/b] 90 seconds MINING POOLS Official mining pool [/b] http://www.eot.digital:3001/ Getting Started [/b] minerd -a scrypt -o stratum+tcp://www.eot.digital:3256 -u WalletAddressWhereYouWantYourMiningCoins -p 1 unofficial Mining pools http://www.altminer.net http://antminepool.com http://coinminers.net/ http://www.vivocryptopool.com [red]Currently EOT is traded on WAVES DEX, Crypto-Bridge DEX and TIDEX. Big exchanges will be available soon, exchanges are in comkmunication. Opportunities are available with EOT - from Development, Mining, Trading as well as other business opportunities built around the EOT currency and the "Encryption of Things" [size=34px]Bitvault on Yahoo Finance https://finance.yahoo.com/news/bitvault-worlds-first-blockchain-phone-201600279.html [/size] [center][img width=770]https://i.imgur.com/UMIlRoC.png[/img][/center] [center][size=30px]Press release 4th October 2017 [/size] [size=30px]yahoo Finance https://finance.yahoo.com/news/bitvault-announces-london-launch-161000826.html?soc_src=community&soc_trk=tw [img]https://i.imgur.com/mBDZnN7.png[/img] Some Helpful Information [quote author=Story777 link=topic=2091616.msg21890405#msg21890405 date=1505551168] You have been keeping a great secret. I've been doing a bit of research with the technology behind this coin. It looks like ALOT of research has gone into this tech, since about 2004 and shortly after a patent for this P2P system was quickly issued. Bitvault (https://swissbankinyourpocket.com/product/bitvault/) who are using the worlds first blockchain phone as a secure communication device and ultimately taking [font=Verdana][b]encryption[/b][/font] to the Internet Of Things (IoT) keeping our personal and business data secure. All this is done using [b]EOT coin [/b](Encryption of Things). In todays world insecure devices are rampant. Here are a couple of links about the CIA being able to use insecure devices to 'cause accidents' http://www.sandiegouniontribune.com/news/cyber-life/sd-me-wikileaks-cia-20170307-story.html and https://www.washingtonpost.com/news/innovations/wp/2017/03/08/what-we-know-about-car-hacking-the-cia-and-those-wikileaks-claims/ It's scary to think a legal entity could posses such power over life. Just the mere fact alone the governing authority can request phone records (e.g. txt msgs, voice msgs or eavesdropping) proves most if not all telecommunication companies do not encrypt, otherwise whats the point on requesting the information!? (legal or not). Commercially sensitive information needs to be protected and most importantly in my opinion our [font=Verdana][b]rights[/b][/font] and the privacy of all citizens of the human race need to be protected. From my understanding BitVault is a platform for reference data. This would be data that is stored for compliance reasons such as e-mails, invoicing systems and check imaging (e.g. high quality imaging for x-rays, MRI scans etc) and a prototype was developed in 2004. This would means massive amount of data storage is required with fail-safe systems so a authorised user could access this information very very quickly. Three goals were needed to be achieved: Low cost, high reliability/availability and simplicity. This is the birth of Bitvault via EOT. Bitvault ultimately stores immutable objects with each new version being updated and identified with a 160-bit key. System stability is very important and must be immune to failure sequences. Parallel repair via indexing is one of the many strengths Bitvault has been able to demonstrate. BitVault is a back-end system that uses [u][b]Applications[/b][/u] to catalog object ID's. Using a catalog utility and indexing within an application prevented scalability bottlenecking under heavy loads. Fast forward 3 years to 2007 a very important decision was to [u][b]decentralise[/b][/u] BitVaults system. This in my opinion is one of the fundamental principles of cryptocurrency - [u][b]No one entity or person has any control of the data stored and only the authorised user can access this info[/b][/u]. Ultimate Security and thus personal safety (see above articles CIA hacks). BitVault using applications have been able to use provable communication and data storage with ease of retrieval with vital security measures. BitVault is not alone in researching solutions for security for the IoT, such as Venti and the like are making progress, however, BitVault is 'head and shoulders' above the few competitors and are already offering practical working solutions on the market with huge scalability that is cost effective. Well Done BitVault, well done EOT your secret is out and let the world embrace. author=Story777 link=topic=2091616.msg21462424#msg21462424 date=1504428317] I have had a response in Slack and it has satisfied my questions. Thank-you. For everyone information here it is: The currency was created with 200 Million EOT total supply on 7 July 2017 [ we showed it to the community a London Fintech week with the demonstration of the BitVault - fintechweek.com ] 100 Million was pre-mined and another 100 Million are currently being mined, 1 block every 90 seconds @ 100 coins per block. So the pre-mined coins were listed on waves as a token so that it can create a market for the coins while we are working to get listed on other exchanges. The 100 Million coins listed were distributed in several ways. Firstly, this was not an ICO because our business is already funded via private capital. We wanted to get the currency distributed a widely as possible. So most of the initial coins were given away to a number of interested parties. We distributed this to our whole development team, business partners, employees as well as to the waves and other communities. So we did not sell all these coins for the current price, most of it was given away for free to people that have an interest in our products and business. The price now is formed by whoever owns these coins. The tokens on the exchange is really a representation of the currency and as such has value because it can be interchanged, just like Bitcoin and Ethereum are on the waves exchange. This whole process is explained on page 4 of the waves whitepaper, I think they call it an asset-to-asset exchange which makes it possible to list any asset that exist on waves. Unfortunately waves only has gateways currently for Bitcoin, Ethereum, Waves, Euro and USD, so we have to develop our own gateway, which will be available on Nov 1. So to clarify 100,000,000 tokens costing $190M were not sold. It is a combination of airdrops, private sales and sales on the exchange. Some EOT coins are needed because: "A lot of EOT will be distributed through our devices. For example our encrypted routers are pre-loaded with EOT, so we need that stock and it will be distributed that way". And with the response to tokens on the Waves Exchange "This is how Bitcoin works on waves: - They created 21 Million BTC Tokens.. When you deposit Bitcoin into waves account, you receive an equal amount of tokens which you can either trade or even sent via the waves blockchain to another user.. Once you withdraw your tokens are exchanged for BTC and you receive it back into your BTC wallet.. Exactly the same for USD or EUR - You don't send Euro's to another client on waves if you transfer - you send a token that represents EUR -- This works exactly the w0083". These are the answers I was looking for and make a lot of sense now. This is indeed an exciting project. :) It's time to trade.... Now I have one question left.... Is there anyone using NiceHash to mine this coin?? I keep being disconnected because of the difficulty being too low. Can any one help? [quote author=Shews link=topic=2091616.msg22876983#msg22876983 date=1507755312] EOT (coin) is now tradable on the CryptoBridge Decentralised Exchange, you can sign up below. Please note this is for the EOT COIN ONLY, do not send tokens to this dex. This is a secure means to trade with the backend being on a blockchain. It is still in beta stage but has been working flawlessly so far. If you'd like more info I will post their website link is below. https://wallet.crypto-bridge.org/?r=388691 You can sign up with a local wallet mode, meaning you are the only one with access to your keys, this is most secure. There is also the option to sign up with and account if you require access to you funds on the go. More info: https://crypto-bridge.org/
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