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BitCherry the World's First Commercial Scalable Blockchain Infrastructure Based on IPv8 Technology has the potential solution to resolve many of the issues facing ad networks, including the rampant fraud scam and malicious that is quickly, and unfortunately, becoming a central point of contention within the industry.

So many different scams have transpired over the past year that it can be hard to keep up with new ones. The COVID-19 pandemic has opened up new ways for cybercriminals to target people on the web. Think about all the COVID-related scams we’ve seen over the past few months alone. There have been tons of vaccine scams, stimulus check scams and even disinformation campaigns targeting people looking for vaccine information. This COVID vaccine scam is particularly nasty.

Here’s how this fraud scam works: Victims enter the term “home depot” in Google search, and the results return a malicious ad. The ad is placed at the top of the search results, adding to the likelihood that users will click on it.

[img]https://iili.io/faTivt.md.png[/img]

This ad looks like a legitimate campaign for Home Depot, down to the standard URL — homedepot.com, which appears when you hover over the link.

If you click on the ad, you will be redirected via several different ad services and eventually land on a tech support scam, which they’ll try to convince you to buy your way out of via expensive and unnecessary software programs. It’s the oldest trick in the book. The problem is，this type of scam can be super effective and can cause lots of issues if you fall for it.

How decentralized ads could avoid this kind of fraud scam ad? Centralization by itself is not an inherently bad thing. It can improve the efficiency of networks by reducing the distance information needs to travel, and it makes management of the full network much easier. Regardless, centralization in practice tends to have some unforeseen and unexpected side effects. First among these is a reduction in transparency across the network that invites dishonest, profit-taking, and even potentially fraudulent activity that can go unchecked due to a lack of accountability. Because managers of centralized ad networks aren’t obligated to reveal their inner workings to advertisers, there is no way to guarantee that traffic, views, and click-throughs are real and not bots. At a certain point, there has to be an implicit trust on the side of advertisers that publishers are working in their best interests, something that is not always given. This murkiness has led to instances where an ad network’s traffic is 60% fraudulent in many cases, and 100% in a few more.

To resolve this, BitCherry Blockchain Technology are looking to blockchain to help alleviate the issue of bots and fraud scam on ad networks. BitCherry Blockchain Technology could create a system that improves accountability with blockchain’s open ledger technology, which allows buyers to see where their dollars are being placed. The ability to verify transactions and see how each dollar spent translated into ad buys can reduce the waste caused by fraud scam. BitCherry Blockchain Technology will enhance the transparency to an industry that due to automation and centralization has become embroiled in a crisis of trust.

The costs of a centralized system are prohibitive More than fraud scam, though, is the problem of cost-effectiveness. Ad networks represented a straightforward way to simplify the process of finding and placing ads in the right website, but they have since morphed into a system that extracts significant value at all points across the chain without adding real value. The core issue is that the system is set up with gatekeepers at every point between advertisers and publishers, increasing costs and pressure to show results in measurable terms.

This pressure means marketers and advertisers have little incentive to fix ad networks as fraud scam and bot traffic makes their centralized systems seem highly successful. In this case, BitCherry blockchain companies are taking a different tack. BitCherry Blockchain ad platform is looking to solve this issue and more. BitCherry Blockchain is busily building a decentralized ad network that seeks to remove the influence of middlemen and the costs they place on all transactions. However, it is also concerned with user experience, implementing less intrusive and irritating ads. To that end, the BitCherry’s BCHC Token can also be used to reward sites that are known to be ‘good traffic’ as well as create more integrated ad strategies. This additional focus by BitCherry makes it a likely top contender to unseat some of the entrenched ad networks.

Removing the barriers to openness The ad industry remains slightly paradoxical. There is a strong need for robust ad networks that abridge the job of marketers and advertisers looking to place their companies in highly visible locations. There is also a strong incentive on the part of networks to engage in dishonest practices to boost their metrics and appear more successful. This dynamic does not lend itself to honesty or even efficient interaction.

BitCherry the World's First Commercial Scalable Blockchain Infrastructure Based on IPv8 has the potential to resolve many of the issues, including the rampant fraud scam that is quickly, and unfortunately, becoming a central point of contention within the industry. By embracing the technology’s propensity to disintermediate and democratize, companies can create models that let ad networks continue generate revenues but balance the scales to offer advertisers a better shake alongside a more accountable and equitable return on their own investments.

To know more about BitCherry Blockchain Infrastructure Based on IPv8, kindly refer to BitCherry Official Website at : bitcherry.io

2020 December 24, BitCherry released the highly anticipated Testnet v1.0.1 on the market. We have launched a series of activities and have gained the number of developers and users to join it.

The browser wallet has made significant progress, and the number of blocks has more than a million.

More Updates Coming Soon
This is just the beginning of the function; BitCherry team will continue to optimize the Testnet. At the same time, we invite more to join BitCherry blockchain development team to join the test network, build your blockchain.

Bug Bounty
(January 1, 2021, to February 15, 2021)

DApp Development Contest
(January 1, 2021, to February 28, 2021)

For more information, please check:
Website: http://developers.bitcherry.io/apiReferenceManual

Discord: https://discord.gg/nNY9A9tn2D

Telegram: https://t.me/BitCherryDevelopersGroupEN

Overview

BitCherry is the world’s first commercial scalable blockchain infrastructure based on IPv8 technology. BitCherry public chain mainnet was officially launched, user will experience: token issue, DApp deploys and operation, pledge to vote, digital asset transfer and so on. Since the blockchain runs in a decentralized network environment, and the creation and storage of data is not dependent on by cryptography, thus BitCherry public chain is considered to be one of the most secure public chain systems. At the same time, thanks to good architecture design and programming skills, operational efficiency and stability, BitCherry public chain is far ahead of other public chains.

Technical Realization

BitCherry public chain using the highly abstract idea of modular design, the system is divided based network, database storage, consensus algorithms, network protocols, transaction processors, virtual machines, application layer interfaces, and several core modules.

P2Plus Protocol In terms of technical implementation, one of the core technologies of the P2Plus protocol is the virtual network card technology. The virtual network card is the host computer that simulates a network card driver at the operating system level. It can be configured like other physical network cards or can be configured in the service program. The application layer sends and receives data to the virtual network card. For this reason, P2Plus can implement a virtual network card driver in the Windows/macOS/Linux operating system on the host side, thereby achieving cross-platform access on the host side. At the network protocol level, P2Plus refers to mainstream VPN technologies such as PPP, PPTP, L2TP, IPSec, and SSLVPN, especially OpenVPN technology. OpenVPN is inherently equipped with many security features. It runs in userspace and does not need to modify the kernel and network protocol stack. After the initial completion, it runs in chroot mode, giving up root permissions and using mlockall to prevent sensitive data from being exchanged to disk.

HashRelationshipSpectrum DAG represented by IOTA, with the name "Directed Acyclic Graph", can achieve 100,000+ TPS from the start, and the transaction cost can be meagre. "Directed" refers to a direction, and to be precise, it should be the same direction. "Acyclic" does not constitute a closed-loop. In DAG, there is no concept of a block. Its constituent unit is a transaction, and each company records the trade of a single user, which saves the time for packing and generating blocks. The verification method relies on the verification of the previous transaction by the next marketing. In other words, if you want to make a transaction, you must verify the prior transaction, and verify several transactions in detail, according to different rules. This verification method allows DAG to write many transactions asynchronously and concurrently, and finally constitute a topological tree structure, which can significantly improve scalability. But its shortcomings are: the transaction duration is uncontrollable and does not support strong consistency.

Hashgraph HashGraph is a DAG with a unique structure. The current transaction of each node must rely on its last trade, and the previous commerce synchronized by other nodes. The consensus synchronization between nodes is through the GossipofGossip protocol so that each node maintains the communication history between all nodes and other nodes. When each node completes the Byzantine protocol, it does not need to go through multiple rounds of network communication. The Byzantine agreement can be simulated directly. Besides, unlike DAG, which does not provide consistency, Hashgraph guarantees final consistency through a virtual voting mechanism.

Consensuses Algorithm aBFT Hashgraph uses the Byzantine fault-tolerant algorithm in a peer-to-peer distributed network, and the rights and interests of nodes are entirely equal. Therefore, there is no large amount of energy waste caused by PoW proof of work, and no evil node, excessive centralization and forerunner Matthew effect caused by PoS/DPoS rights and interests. It inherits the aBFT distributed consensus algorithm in solving fault tolerance and Advantages of malicious nodes.

Fully asynchronous Byzantine fault-tolerant aBFT, which means that it does not make any assumptions about how fast the message is transmitted on the Internet, thus solving the problem of the traffic multiplier effect caused by the traditional synchronous aBFT algorithm network broadcast, and it also eliminates the impact of the PBFT algorithm. The number of nodes is limited, and it can also resist DDoS attacks, botnets and firewalls.

Consensus mechanism aBFT+PoUc The disadvantage of the aBFT algorithm is that it does not achieve the complete certainty of the consensus. It just becomes less and less likely to be tampered with over time, forming absolute certainty. Therefore, the time for consensus determination is also related to the number of nodes; All nodes participating in the transaction experience in the consensus, which also limits the TPS of the hash graph from both the network bandwidth and CPU/GPU computing power.

Thus, the consensus mechanism, BitCherry data structure based on the hash map, the blockchain pioneering technology with six degrees of separation theory, demonstrated the value of PoUc user, selection of consensus nodes, the network propagation consensus process optimization, combined with BitCherry original P2Plus network protocols, and BitCherry applications side-chain:

• Electricity supplier in the transaction chain
• The chain of social relationships
• Knowledge sharing chain
• Cloud computing chain (storage/gateway/computing / AI)
• Creating a unique aBFT+PoUc consensus

Different from DPoS, all users can participate in the PoUc consensus. The algorithm automatically selects neighbouring nodes and non-neighbouring nodes according to the relationship graph algorithm and refers to their weights for virtual voting. The selected node will receive an accounting reward.

The selection rule of the neighbouring endorsed nodes is based on the node network bandwidth/delay, the relative centrality of the primary/side chain relationship map and the node’s Bit-U value. The node network connection and relationship map are only calculated by level. The Bit-U value of the node is selected first; the selection rule of the large V node is to give priority to the Bit-U value of the node when the node bandwidth/delay threshold is met. In the node selection process, the degree of deduplication and randomness between rounds are specified. The nodes that are repeated between two adjacent games do not exceed 1/3 and are selected randomly. The newly chosen nodes are chosen randomly according to 1/3 of the number of candidate nodes. From this algorithm, it can be seen that almost all large V nodes that meet the network conditions can participate in the PoUc process of the entire network, and practically all nodes in the circle of friends will also participate in the PoUc consensus process of a friend.

Incentive Mechanism Bit-U BitCherry using Bit-U incentives to reward contribution to the entire user base set up and blockchain through economic and ecological certificate

Bit-U is composed of 4 dimensions superimposed, and users will be motivated if they have any size. The more dimensions, the greater the incentive:

① Time activity T is determined by the length of time the user holds the token, and a logarithmic formula is used to avoid the Matthew effect of first-mover advantage (FMA);

② User relevance R is determined by the user relationship circle and related activity. The relationship map includes: social relationship, e-commerce relationship, knowledge sharing relationship, and resource sharing relationship;

③ User activity A consists of user online duration/frequency, social action, transaction activity, and sharing activity;

④ User contribution C is divided into two categories: cloud computing mining machine resources Cm and external interface resources Cb. In addition to mining participation consensus, cloud computing mining machine resources Cm also includes IPFS storage resources, gateway bandwidth resources, and CPU/GPU computing resources, external resources Cb mainly refers to the provision of external resources including BitCherry: advertising/sale of other commercial intermediary services, arbitration/mantra services, mostly for BitCherry open up the outer physical world, the traditional Internet, the information of things, money, equipment, goods available service.

Hash Ring (sharding) BitCherry fragmentation is achieved by dividing the map of the relationship between the range of slicing hash rings if the external lateral side chain is a blockchain extension. The fragment is the inner longitudinal sections of the blockchain. Commonly used fragmentation techniques include storage fragmentation, transaction fragmentation, and state fragmentation. The biggest problem with fragmentation is cross-shard transactions. Since cross-shard synchronous transactions will lose performance, asynchronous transactions will harm security. Therefore, even for ETH2.0, there are currently restrictions on cross-shard transactions, that is, the transaction must specify the shard in which it is located, so the actual application scenarios are minimal.

The BitCherry is based on a hash map showing the relationship; therefore, by six degrees of separation theory, the same type of relationship usually concentrated in a small circle around in a similar process of friends, both large and small fragments form a relationship Hash circle, cross Fragmentation transactions will be significantly reduced.

Hash body (side chain) Technical hashing is divided by the type of side chain DApp technology, a side chain for improving the technique originally TPS, and in BitCherry, the transaction is based on the actual underlying data hash to the neighbour node for the associated structure of FIG. The traditional side chain technology has multiple side chains anchoring the main chain, which is a numerous one-way linked list structure with intersection points in the unit of block. DAG is a directed acyclic graph structure with the transaction as the unit. DAG is a structure limited by adjacent nodes. The hash body is a three-dimensional structure that is sliced by DApp type, and the interface is a hash graph.

Zero-knowledge proof ZKP Zero-knowledge proof means that it can fully prove that oneself is the legal owner of an absolute right, but also does not disclose relevant information, which means that the "knowledge" to the outside world is "zero". For example: If A wants to prove to B that he has the key to a particular room, suppose that the room can only be opened with the resolution, and cannot be opened by any other method. There are two methods:

Method one: A shows the key to B, and B uses this key to unlock the room to prove that A has the correct access to the room.

Method Two: B confirms that there is an object in the room, and A uses the key he owns to open the door of the room, and then takes the item out and shows it to B, thereby proving that he does have the key to the room.

Cross-chain Although BitCherry backbone + pendant + fragmentation, it has been able to provide high performance. But BitCherry other public chain and chain technology alliances, uphold openness, cooperation and healthy competition posture, build eco-development, information sharing, and high-performance relationship map TPS external output BitCherry, so BitCherry support standard protocols and inter-chain cross-chain Technology, such as IBC, etc.

✅ BitCherry Testnet “DApp Development Contest” Officially Launched, Join and win the USDT now

✅ JOIN BITCHERRY DEVELOPER COMMUNITY
Discord: https://discord.gg/nNY9A9tn2D
Telegram: https://t.me/BitCherryDevelopersGroupEN

Last 24 hrs top 100 #coins:

Top gainers:
#TheGraph $GRT +28.42%
#Dogecoin $DOGE +25.4%
#Ripple $XRP +9.64%
#Ampleforth $AMPL +9.16%
#OKB $OKB +8.61%

Top losers:
#Uniswap $UNI -11.92%
#Alphafinance $ALPHA -11.01%
#Fantom $FTM -10.53%
#Thorchain $RUNE -9.87%
#Voyager $VGX -9.77%

So @elonmusk just put the hashtag of #Bitcoin in his #Twitter bio and the whole #crypto market went into a frenzy with $BTC getting to usd 40 k earlier today.

#Altcoins the likes of $ETH $XRP $ADA $VET $LTC $XLM $TRX considerably surged in price as well.

According to BitTok market data, as of 16:00 today (GMT + 8), the platform currency BCHC rose for 9 consecutive days, rising more than 6.5 times from the bottom. As the first scalable blockchain infrastructure based on IPv8 technology to serve distributed commerce. BitCherry public chain builds P2PLUS peer-to-peer encryption network protocol with a new idea of innovating the physical layer, realizes highly scalable data architecture through hash diagram improved by relational graph, and provides operation mechanisms such as intelligent contract and cross chain consensus. BitCherry provides high-performance, high security and high availability underlying technical support for global businesses. Its services cover many fields, such as supply chain finance, product traceability, asset digitization, commercial consumption, e-commerce, distributed cloud computing, etc.

Know more about BitCherry BCHC at https://www.bitcherry.io/

It's Official! #Coinbase announced intent to become a publicly-traded company through direct listing. I strongly believe this will heavily push for #crypto mass awareness and adoption now that the first crypto #exchange enters the stock market.

Anyone else trading their FLR/XRP or FLR/USDT (IOU) pairs on Bitrue? Kicked off with over 30 cents I think then dropped sharply to less than it's third now going up bit again. At what price level did you manage to sell if interested to share this with the community of course?t

It's like a credit that stands for "I Owe You". So it's just like an early access before everyone else. The FLR | XRP ratio has already been decided in advance by the Flare Networks as for the price of the token itself it's determined by the buy / sell market on Bitrue for now. Got to over 30 cents then dropped to more than half but didn't sell. Hodling it to see how things unfold in the near future for the FLR / XRP pair.

#altseason back on track? Looks like it!

Last 24 hrs movement shows green across the #crypto board:

#Bitcoin $BTC ⬆️ +2.86%
#Ethereum $ETH ⬆️ +16.5%
#Polkadot $DOT ⬆️ +0.93%
#Ripple $XRP ⬆️ +2.27%
#Cardano $ADA ⬆️ +5.22%
#Chainlink $LINK ⬆️ +2.26%
#Litecoin $LTC ⬆️ +5.31%
#Vechain $VET ⬆️ +4.15%

Today we can say we are witnessing a #crypto correction to the #correction 😜✔️

#Bitcoin $BTC ⬆️ +5.54% @ $32,566
#Ethereum $ETH ⬆️ +10.91% @ $1,231
#Litecoin $LTC ⬆️ +7.18% @ $139
#Cardano $ADA ⬆️ +14.31% @ $0.35
#Ripple $XRP ⬆️ + 5.85% @ $0.30
#Vechain $VET ⬆️ + 13.76% @ $0.031

How to spot a real #crypto coin with strong fundamentals opposite to a #shitcoin?

You look at the most recent #Bitcoin #BTC major correction, you go back 7 days and trace a chart and see what held strong with upward trend.

Eg:
$DOT +27.96%
$ADA +12.38%
$LINK +12.87%
$VET +30.3%

Safer than a traditional P2P network protocol
BitCherry P2Plus how to improve the security of electronic identity?

Among the many emerging use cases of blockchain technology, digital identity management and verification is perhaps one of the most promising. In 2018 alone, billions of people were affected by personal data breaches, all around the world. There is an undeniable need for more secure methods of storing, transferring, and verifying sensitive information. In this context, blockchain systems may bring valuable solutions to some of the difficulties faced by most centralized databases.

The implementation of cryptography and blockchain in digital identity may provide at least two major benefits. The first is that users can have better control over how and when their personal information is used. This would greatly reduce the dangers associated with storing sensitive data in centralized databases. Also, blockchain networks can provide higher levels of privacy through the use of cryptographic systems. As mentioned, zero-knowledge proof protocols allow users to prove the validity of their documents without the need to share details about them.

The second advantage is the fact that blockchain-based digital ID systems can be more reliable than the traditional ones. For instance, the use of digital signatures could make it relatively easy to verify the source of a claim made about a user. Other than that, blockchain systems would make it harder for a person to falsify a piece of information, and could effectively protect all sorts of data against frauds.

How can blockchain apply to digital identity systems?

P2Plus Network Protocol Security
Different from the traditional P2P network protocol, in order to ensure the privacy of the network transmission and to prevent the gateway nodes from doing evil, the P2Plus network protocol implements point-to-point encryption. To put it simply, Bitcoin and Ethereum are transmitted in plain text during the network transmission process, and other network nodes passing through can 14 be parsed. Although digital signature technology is used to ensure that the transmission content will not be tampered, but don't ensure confidentiality and privacy protection. The P2Plus network protocol uses a point-to-point private key encryption technology. The transmission content is encrypted and only the receiving node can decrypt it, ensuring the confidentiality of transmission content and node privacy. The public-private key mechanism can be used not only to encrypt the communication process but also to authorize access through signatures. Unlike the SSL certificate system and account/password method adopted by OpenSSL, P2Plus authorizes network read/write of 8-bit virtual IP addresses and identifies them by the public key signature of the virtual IP address to prevent false IP address attacks.

BitCherry to P2Plus network protocols plus HashGraph algorithm as the core, I believe BitCherry blockchain technology based on electronic identity would be an efficient and safe technical support.

Blockchain technology has great potential to change the way digital data is verified, stored, and shared. While many companies and startups are already exploring the possibilities, there is a lot to be done. Still, we’ll certainly see more services focused on digital ID management in the coming years. And most likely, blockchain will be a central part of it.

See that is what an #altseason looks like. When prices of #altcoins dissociate themselves from the downtrend in #Bitcoin #BTC prices and #alts start to move upward independently from $BTC:

#ETH up by 7.63% @ USD 1,257
#ADA up by 17.39% @ USD 0.35
#VET up by 9.12% @ USD 0.027

Probably the greatest way you can earn money on the internet is through trading. You can trade in stocks, commodities, cryptocurrencies and forex.

However, you need to acquire the required skills. But there is a platform where you can trade without experience and knowledge and earn good money. Surprising! Isn’t it. Here is how.

PrimeXBT

PrimeXBT is the platform I am talking about. PrimeXBT is based in Seychelles. You can trade in commodities, stocks, cryptocurrencies, indices and forex on the same platform.  If you are a beginner you will benefit from its two platforms- Turbo and Covesting.

Turbo

This is the easiest platform for complete beginners. You only need $1 to trade. In fact it is not pure trading. You will predict whether the price will go up or down. If you predict well you earn up to 85% of the price increases in relation to the amount you bet with.

You predict the change in prices of your selected cryptocurrency or commodity for the next 30 seconds, 1 minute or 5 minutes. You choose the time frame you want. However, you can lose your entire amount $1.00.

Covesting

With covesting, an experienced trader will trade on your behalf. You choose the person whom you want to trade for you. You do not need to talk to him/her. You simply follow him and assign a certain amount of money to him.

If that trade wins you win too. If he loses you lose too, with the same percentage. There are hundreds of traders you can choose to follow. You can follow up to 25 traders at a time. This means you can assign each of these traders a certain amount of money.

Your win or lose depends on the person you follow. So, even without knowledge of trading you can make huge profit. You do not pay any money to these people. The company pays them a percentage of the trading fees of the people under them.

How does the trader benefit

As I said, the trader gets 20% of the trading fees of the people under him or her. This is a huge sum of money because someone may get thousands of dollars from that, apart from his profit from trading.

So, if you are a successful trader, join PrimeXBT and major big money.

Orders

Traders choose from different types of orders, including market order, limit order, stop ,market order, protection order and one-cancels-the other (OCO)

Support service

PrimeXBT offers reputable support service. It has a telegram group where you interact with its officials and get help.

Once you join, you are assigned a personal manager who guides you at every step.

It has quality videos to teach you everything.

Its blog is explanative in nature.

Additional Reading Material

https://cointelegraph.com/pres...tcoin-margin-trading

https://www.coinspeaker.com/pr...to-trading-platform/

Conclusion

I am a crypto blogger, working with many organizations, writing articles and reviews. In terms of trading experience, this is the best site I have ever seen. Imagine, starting trading today and make huge profit. How do you feel? That is what happened to me on my first trading day.

I am a novice trader and for more than a month, I have not made a loss. I am not saying people do not make loss. There are many who are making losses. You can see all the statistics.

I recommend PrimeXBT to anyone, experienced traders and prospective ones.

The DeFi world is changing rapidly and new gameplay is updating everyday. As the most popular and fastest-developing trading product in the DeFi field, DEX obviously will not miss the fastest-growing derivatives market in the cryptocurrency trading market. In the field of cryptocurrency derivatives, the distinctive perpetual contract has naturally become a high ground for competition in the new battlefield of DEX derivatives.

It is understood that since 2020, at least seven DEX platforms including YFX, DerivaDEX, dYdX, Futureswap, Injective Protocol, MCDEX, and Strike Protocol have announced the launch (or will launch this year) of the decentralized perpetual contract trading market and every of the platforms has adopted different designs in terms of transaction mode, contract mechanism, product specifications and infrastructure, which means all have its own characteristics and strengths.

Compared with several other DEXs, YFX's advantages are particularly obvious and the trading process is more convenient.

1. YFX is the world's first and only decentralized derivatives trading platform that supports 100x leverage trading.
2. YFX is the first platform that launched on the TRON mainnet and the handling fee during transfer and transaction is the lowest among all DEXs.
3. YFX only supports decentralized derivatives trading and the products are more professional and convenient.
4. YFX is the world's first cross-chain decentralized derivatives trading platform that supports the four public chains of ETH, TRON, BSC, and Heco.
5. All funds of YFX are managed by smart contracts. The platform cannot operate any funds of users. All smart contract codes are open source and have been audited and verified by professional institutions. Through smart contracts, users can deposit and withdraw their funds at any time.
6. YFX is the world's first decentralized contract trading platform that supports USDT、coin and hybrid swap.
7. YFX’s current trading method adopts an isolated margin trading method, each order is independent of each other, profit and loss are independently settled.
8. YFX applies the QIC-AMM market maker pool trading method to provide users with extremely high liquidity and extremely low trading slippage. Traders directly trade with QIC-AMM to open and close their position. The depth is a function of the available balance of the LP pool, there is no impermanence loss in the LP pool.

Distance to #ATH:

#Bitcoin $BTC 6.38% to ATH $42,000
#Ethereum $ETH 15.9% to ATH $1,421
#Ripple $XRP 90.8% to ATH $3.29
#Litecoin $LTC 58.2% to ATH $366
#Cardano $ADA 75.3% to ATH $1.29
#Chainlink $LINK 18.4% to ATH $19.88
#BinanceCoin $BNB 7.29% to $44.98
#TRON $TRX 89% to $0.27

Centralized derivatives trading platforms are full of complaints, problems such as system breakdown during peak trading hours, unplugging of network cables and pin insertion appear frequently. In addition to high transaction fees, some even use user data as counterparties to achieve fixed-point blasting. At the same time, centralized derivatives trading platforms have to face pressures from supervise.

So why can't we have a decentralized derivatives trading platform where we can trade smoothly?

Here we need to focus on YFX (yfx.com), the only decentralized perpetual contract trading platform that supports 100x leverage, which can solve various problems faced by traders.

YFX is a transparent decentralized trading platform for perpetual contracts. All funds are hosted by smart contracts. All smart contract codes are open sources, which have been audited by the professional institutions. Users have full control of their funds in smart contract. YFX applies the QIC-AMM market maker pool trading method to provide users with extremely high liquidity and extremely low trading slippage.

YFX (yfx.com) is powerful
Support 100x leverage trading for multiple type of crypto assets.

YFX (yfx.com) Easy Access
YFX has no interest in your personal data. No email, phone number or photo ID needs to provide. No KYC. Trade 24/7 from anywhere in the world.

YFX (yfx.com) High liquidity pool
YFX uses QIC-AMM to provide high liquidation and low slippage.  We
design LP pool correlate to depth of the market to avoid impermanence loss.

YFX (yfx.com) Cross-chain trading
YFX be the first Defi trading platform support cross-chain trading.  User can choose to trade on Ethereum, Tron, BSC and Heco chain.

YFX (yfx.com) Non-over-loss
No systematic liquidation under extrem market swing.

The DeFi field has amazing upside potential. Whether it is relative to the entire crypto market, or especially relative to the traditional derivatives market, the total value of DeFi is negligible. New users entering the field will bring liquidity and promote the exponential growth of the DeFi derivatives market.

Compared with the products launched by CEX, the transaction of various products in DEX is still not much, but the decentralization features such as permissionless and non-custodial insisted by DEX are becoming more attractive to the crypto world, coupled with a large number of professional flow which has solved the liquidity problem that DEX has been facing. We are looking forward to the breakthrough development of DEX market share.

Among the few DEXs, INJ and YFX are mainly based on decentralized derivatives contract transactions in terms of products. Let's take a look at the differences between the two DEXs in terms of trading mechanisms.

In terms of market making mechanism:

• YFX applies the QIC-AMM market maker pool trading method to provide users with extremely high liquidity and extremely low trading slippage. Traders directly trade with QIC-AMM to open and close their position. The depth is a function of the available balance of the LP pool, there is no impermanence loss in the LP pool.
• Instead of the AMM mechanism, INJ only uses the Layer 2 side chain to achieve efficient transaction efficiency, and makes it possible to trade cross-chain assets by basing on the Cosmos-Tendermint underlying protocol.

In terms of transaction mechanism:

• YFX adopts the market maker fund pool trading mechanism, each trading pair corresponds to a market maker fund pool. All user orders will be traded with the market maker fund pool and the user's profit and loss will eventually be directly conducted with the market maker fund pool settlement. In the process of market making, market makers only need to invest in one currency to participate in market making. If the net value at the time of redemption is higher than the net value at the time of purchase, it can make a profit.
• INJ is temporarily in the testnet stage and has not publicly disclosed its trading mechanism.

[img]https://iili.io/KmuY4p.md.jpg[/img]

YFX, the first DEX that offers 100x trading leverage on perpetual contracts has just launched, adding an important piece to the DeFi money legos, and creating a direct competition against CEX on derivatives trading.

The most traded Bitcoin product in centralized exchanges is Bitcoin futures, which is 10 times bigger than spot trading in terms of the trading volume. But in DEX, spot trading platforms like Uniswap are occupying a large portion of the total trading volume, and there is not a single decentralized futures trading platform that could reach even 1/10 of Uniswap’s trading volume. What stops decentralized futures trading platforms from becoming 10 times bigger than Uniswap? Why are decentralized futures trading platforms performing worse than their centralized counterparts?

The main reason is that decentralized futures exchanges don’t currently provide an attractive futures product to compete with centralized futures exchanges. For instance, centralized futures exchanges like BitMex can provide 100x leverage on Bitcoin futures trading. On the other hand, decentralized futures exchanges like dYdX only offer 10x leverage. None of the decentralized exchanges can keep up with the 100x leverage offering from centralized exchanges.

YFX Descartes V1 uses QIC-AMM and a system de-risk mechanism to migrate perpetual futures trading from CEX to DEX without reducing the trading leverage, which makes YFX the first DEX that could offer 100x leverage on a perpetual contract. You can do everything on YFX that you can do on BitMex or OKEx. YFX is poised to compete directly against established centralized exchanges. YFX Descartes V1 runs on the TRON MainNet, for faster transaction times and cheaper gas fees compared to Ethereum. The YFX team is also working on Ethereum’s Layer 2 solution to provide pragmatic perpetual trading on DEX.

About YFX

YFX Descartes V1 is the first DEX that offers 100x trading leverage. YFX Descartes V1 launched on the TRON MainNet, and all trades are held and processed by smart contracts. The main goal of the YFX team, which is formed by a group of engineers who have years of experience working on trading systems and blockchain, is to build a DEX that can compete with CEX on derivative trading.

Reference:
Website: https://www.yfx.com/
Trading: https://trx.yfx.com/
Twitter: https://twitter.com/YFX_Defi
Telegram: https://t.me/YFX_EN
Discord: https://discord.gg/xwAtjpabC5
Media Contact: media@yfx.com

#Crypto Market Update:
We are witnessing a slight downtrend today that opens an opportunity to short some of the top coins ⬇️

#Bitcoin $BTC @ USD 37,400
#Ethereum $ETH @ USD 1,211
#Litecoin $LTC @ USD 146
#Cardano $ADA @ USD 0.31
#Ripple $XRP @ USD 0.28
#Vechain $VET @ USD 0.025

Since the development of the Internet, the ownership of the code has always been monopolized by the centralized institutions using patent barriers. Unilateral network protocols inevitably have some security risks. With the rise of the concept of blockchain, open-source code is expected to replace traditional network protocols and become the core infrastructure of the Internet. In recent years, many decentralized solutions have been proposed for various blockchain projects, and the network decentralization and security have been significantly improved. However, the incentive mechanism for developers of many projects is still in the early stage of development. Developers cannot obtain continuous incentive in open-source projects, which means that the project will face the problems that the developer community cannot be expanded, the number of core developers will stagnate, and the project will not be able to repair loopholes and upgrade iteratively. Therefore, how to encourage developers to make long-term contributions to open-source projects is the key to the iterative development of projects.

Recently, the v1.0.1 version of the testnet of BitCherry, a distributed commercial public chain, officially started testing. BitCherry also used a 10 million reward to recruit developers for the test network. The advantage of reward incentive is that developers get corresponding rewards according to their contributions, which is fairer than other ways, and can encourage competent developers to join the community. It is also helpful for project expansion and suitable for solving the security related problems of the project. But on the other side, the bounty model also has some disadvantages. First of all, it will produce reverse incentive to the project. Simple tasks are popular, and difficult tasks are easy to be ignored, which is not conducive to the long-term development of the project. Moreover, the release of reward tasks is usually unsustainable, and developers passively accept tasks to get paid, which cannot motivate developers to actively contribute.

BitCherry, as a distributed commercial public chain, pays more attention to commercial ease of use and security, and relies more on the contribution of developers to the project. Both core developers and application layer DAPP need to have a reasonable incentive mechanism for funding, so the traditional way of motivating developers cannot be the main incentive mode of BitCherry. As the world's first scalable blockchain infrastructure based on IPv8 technology to serve distributed commerce, BitCherry designed the aBFT+PoUc consensus mechanism. Based on the asynchronous Byzantine fault-tolerant algorithm (aBFT), any node that meets the conditions (selects the neighbor node according to the unique bit-u value first) can participate in the whole network PoUc consensus process, while almost all the important nodes in the circle of friends can participate in the process. Important nodes will also participate in a friend's PoUc consensus process to maximize decentralization. Mainly uses the unique Bit-U incentive mechanism, which is composed of four dimensions, including time activity, user relevance, user activity, user contribution, etc. Developers with any dimension will be motivated, and the more dimensions, the greater the incentive.

The development of a project is inseparable from the developers and is closely related to the incentive mode of the project. Therefore, the combination of governance mechanism and incentive mode will become the key to the development of BitCherry developer community. It can be predicted that in the future ecological development of BitCherry, BitCherry will set up a special incubation fund for developers to cooperate with the incentive mechanism to further improve the sustainability of the project.

Nice little rebound for #crypto across the board. Solid upward ⬆️ movement below:
#Bitcoin $BTC +5.91% @ USD 36,050
#Ethereum $ETH +5.31% @ USD 1,105
#Ripple $XRP +3.94% @ USD 0.30
#Cardano $ADA +4.07% @ USD 0.30
#Vechain $VET +10.69% @ USD 0.025
#Litecoin $LTC +5.82% @ USD 141

Not sure if the downtrend is over but the last hour crypto coins movements show bit of recovery however can't tell yet if it's temporary or market will go up from here.

Here's the last 1 hour crypto market update of some of the top coins:

So is the ⬇️ Done?

#Bitcoin $BTC ⬆️ 8.05%
#Ethereum $ETH ⬆️ 6.91%
#Ripple $XRP ⬆️ 4.25%
#Litecoin $LTC ⬆️ 8.81%
#Bitcoincash $BCH ⬆️ 7.32%
#Cardano $ADA ⬆️ 6.15%
#Polkadot $DOT ⬆️ 5.53%
#Chainlink $LINK ⬆️ 3.85%
#Stellar $XLM ⬆️ 7.05%
#Monero $XMR ⬆️ 7.83%
#VeChain $VET ⬆️ 7.48%
#DASH ⬆️6%

Wow talking about a #crypto bloodbath. A true massive correction! But don't worry guys, it's a healthy retracement for a better upcoming boost for #Bitcoin and #Altcoins. Don't be scared and don't let this make you sell low after you bought high. It's a no no in #trading. #HODL!

No doubt this is a significant #crypto correction. Here's the update on some of the #coins movements last 24hrs:

#BTC ⬇️ - 9.62%
#ETH ⬇️ - 7.40%
#XRP ⬇️ - 8.33%
#LTC ⬇️ - 7.88%
#ADA ⬇️ - 11.72%
#DOT ⬇️ - 10%
#LINK ⬇️ - 14.90%
#XLM ⬇️ - 13.62%
#VET ⬇️ - 10.99%
Bags filling time!🤩

Time for some #crypto bags filling boys? 🤔
Last 24hrs movements:
#Bitcoin #BTC ⬇️ - 4.58%
#Cardano #ADA ⬇️ - 5.98%
#Stellar #XLM ⬇️ - 5.32%
#BitcoinSV #BSV ⬇️ - 15.20%
#EOS ⬇️ - 16.21%
#THETA ⬇️ - 6.03%
#Vechain #VET ⬇️ - 7.92%
#IOTA ⬇️ - 10.61%
Yep fill your bags while you can

10 Million Prize to be Reward | An Invitation to Global Developer to join BitCherry Testnet

BitCherry Testnet v1.0.1 will start testing soon, and now we are recruiting well-performing developers from all over the world. By the time, developers and users can participate in the BitCherry Testnet environment and win the reward up to 10000000 BCHC through our subsequent developer missions. We encourage all blockchain developers to participate in the testnet with us and bring us more valuable opinions.

Activity Time: Long Term Effect

Registration Link: https://forms.gle/NsZCmaPFaz7EHjYb8

Join Us:

Discord：https://discord.gg/nNY9A9tn2D

Telegram：https://t.me/BitCherryDevelopersGroupEN

Email：developergroup@bitcherry.io

BitCherry, as the world’s first technology-based services to IPv8, distributed business expansion can provide blockchain infrastructure, formally launched on December 24, released a beta version v1.0.1 network, the first phase of the main features include transfer transaction, smart contract deployment, and multi-currency transfer and query. Meanwhile, BitCherry issued the “10 million BCHC Developer Program”. To recruit outstanding test developers, developers users can participate in the BitCherry network test environment, and released by BitCherry developer task, win up to 10 million BCHC.

In the development process of blockchain technology from concept to application landing, the development of decentralized application DApp is an important criterion for testing whether a public chain has a future development. To ensure the BitCherry main network boot can provide for the development in terms of performance, user experience a stable, easy to use DApp development, operation environment, BitCherry open the second round of the developers task-based testing network — “DApp development contest.”

✅ DATE & TIME: 1 January — 28 February 2021 (GMT + 8)

✅ REGISTRATION PROCESS

1. Fill in the entry form, individuals, or teams (unlimited number) can sign up

(Chinese Channel) Registration Address: Http://Bc181818.Mikecrm.Com/Psulpkw

(Overseas Channel) Registration Address: https://forms.gle/j3VpNNhEhvZueptXA

2. After submitting the application form, the official will confirm the qualification with the applicants

3. After the qualification is confirmed, the participants should submit the design specification of lightweight DApp, and then formally enter the development phase.

✅ HOW TO BUILD DApp

Smart Contract Development Tutorial:
http://developers.bitcherry.io...#/apiReferenceManual

Test Token Collection Address:
http://developers.bitcherry.io...Manual/#/testNetwork

Browser: http://blockscan.bitcherry.io/#/home

✅ JOIN BITCHERRY DEVELOPER COMMUNITY
Discord： https://discord.gg/nNY9A9tn2D
Telegram：https://t.me/BitCherryDevelopersGroupEN

(Note: Participants can freely form teams or exchange discussions in the BitCherry developer community for collaborative development.)

✅ DApp DESIGN REQUIREMENTS
1. There is no limit to the types of DApp. Participants can refer to popular DApp applications for design and development inspiration or develop unique DApp.
2. Make sure that DApp functions can be used easily, and a simple, clear, and attractive DApp UI will be regarded as the highlight.
3. DApp development specification should comply with BitCherry development specification.
4. DApp needs to be developed and deployed based on BitCherry v1.0.1.
5. All the submissions need to be tested and run stably in the BitCherry enterprise environment under the application scenario.

✅ REMARKS
1. Develop DApp with API interface and development tools provided by BitCherry.
2. The testnet v1.0.1 version supports the Solidness development language.

✅ DApp SUBMISSION METHOD
Participants are required to develop according to the DApp design plan. After the development is completed, the development documents shall be submitted to Pr within the specified time (up to February 20) to the Technical Team Email: bitcherrydapp@bitcherry.io/" rel="nofollow">bitcherrydapp@bitcherry.io

It is suggested to name the development document as
“Project Name — Development Stage — Development Document”.

✅ DApp EVALUATION STANDARD
The competition judging committee will be composed of BitCherry’s technology development team. The winning works collection will be judged from the following dimensions: completion level, innovation level, user experience and technical framework.

The results will be published on the following platforms
BitCherry Community: t.me/BitCherryDevelopersGroupEN
Discord Developer Community: https://discord.gg/nNY9A9tn2D
Twitter: twitter.com/BitCherryGlobal

✅ REWARDS:
Best Application Award
Top 1: 2000 USDT Equivalent BCHC
Top2: 1000 USDT Equivalent BCHC
Top3: 800 USDT Equivalent BCHC

Best Design Award
1500 USDT Equivalent BCHC

If you are willing to participate in the development of BitCherry’s ecosystem and hope to create economic and social value with blockchain technology, or if you are innovative and have a unique business vision to develop a feasible blockchain application, do not miss this DApp development competition.

TROPTIONS UPSKILLS CALL

SPECIAL GUEST THURSDAY

DON'T MISS THE CALL

THURSDAY NIGHT
7PM EASTERN 6PM CENTRAL.

Join Zoom Meeting
https://us02web.zoom.us/j/84997897565

Invite others and share the zoom link!

#Cardano #ADA @ 32 cents 🚀
#Ethereum #ETH @ USD 1,265 🌚
#Bitcoin #BTC @ USD 39,221 🌟
#Ripple #XRP @ 35 cents 🔥
What a marvellous day for #crypto indeed!
Hope this #bullrun will keep growing for at least the rest of this current month! #HODL strong boys and girls! 🤩 💪🏻

iBBT^® enables access control to a stack of decentralized utilities in a crypto-banking system. This includes smart identity provision for privacy and compliance. The iBBT^® also facilitates consumption of certain financial services; including, on-net conversion to digital asset purchases/swaps or secure custody in a corresponding Open Banking^™ Marketplace.

Never in the life of me have I seen such a massive #bullrun across the #crypto board. #Bitcoin and #Altcoins going hand in hand and literally mooning. 🤩 What a lovely start of the year for #cryptocurrency indeed!🚀🌚
#BTC #Ethereum #Cardano #XRP #LINK #XLM #Ripple #ADA #Stellar

HUGE milestone for Crypto!

1 trillion dollars marketcap achieved! 🤩🚀🌚

Here's to 2 trillions! 🥂 🍾💪🏻