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1st congrats to the #xrpcommunity taking part in the @FlareNetworks #spark token $FLR #airdrop snapshot! Amazing how after the mass sell off & dumping $XRP felt all the way to touch down 37 cents then rebounded again during to obvious buying the dip opportunities & now trading around the 54ish cents! #Trading volume was huge too!
Less than 3 hrs for the @FlareNetworks #Spark $FLR token #airdrop #snapshot ladies and gents!
You can see the love countdown here:
https://countingdownto.com/?c=3317860
You hold $XRP you get Spark $FLR, you hold $FLR you get DAOFlare $DFLR then you will need to swap it to YieldFlare $YFLR which is the official token of the @FlareNetworks #Flare Finance Ecosystem. In other words #xrpcommunity will get 2 #airdrops of 2 different #tokens. ððĪĐðð
Seems like crypto regulatory clarity has kicked off in full steam!
In today's market with Bitcoin on the rise, it sounds great by the average person will never be able to enjoy the up side and make money because they can't afford Bitcoin. For the people that are just learning about Cryptocurrency the question with coin should we get involved in? There are over 3000 different cryptocurrencies on the market today what should a buyer look for when choosing a cryptocurrency? The first question is how long have they been around? The avg cryptocurrency has been around less than 2 yrs and 67% are gone with in the first 2yrs, so a buyer needs to look for a coin that has a real history like, Tron, Ethereum, ZCash, Troptions.Gold, Ripple are just a few that have some history. The 2nd question is what can you use the coin for, most of the coins on the marker are broke down in 3 categories,
Proof of Work (PoW)
In order to receive a reward for mining a cryptocurrency, miners must show that their computers contributed effort to approve a transaction. A variable is added to the process of hashing a transaction that demands that effort before a block can be successfully hashed. Having a hashed block proves the miner did work and deserves a reward â hence proof of work.
Proof of Stake (PoS)
Another alternative to proof of work, this caps the reward given to miners for providing their computational power to the network at that minerâs investment in the cryptocurrency. So if a miner holds three coins, they can only earn three coins. The system encourages miners to stick with a certain blockchain rather than converting their rewards to an alternate cryptocurrency.
Proof of Use (PoU)
Proof of Use (PoU) is when a cryptocurrency is used to buy goods and service or barter for goods and services and is not traded as a speculative coin for someone to buy low and sell high but used as a form of currency and leverage.
These are important when your looking to buy in to crypto currency world,
Bitcoin is a Proof of Work coin, and is also speculative people will buy it low and sell it higher.
Ethereum is a Proof of Stake coin you need to hold and mine at least 32 ETH.
Troptions.Gold is a Proof of Use coin you can use it to buy goods and services like cars, trucks, real estate and is use like cash it's not traded on an exchange so it's not a speculative coin that will take big swings going way up and way down it's more stable.
To learn more about cryptocurrency go to this glossary for the definitions go to: https://troptionsxchange.com/g...cy-blockchain-terms/
So keep these coin in mind when you're looking for your step into the cryptocurrency world!
Many of us have experienced problems with our traditional banks which include losing our valued cash and assets. Most often people lose assets when they default a loan repayment.
Each year millions of people lose money because of unclear contracts and financial deals. Unfortunately, banks usually hide facts when offering loans to individuals.
This is not the only problem. There are many more challenges. As a result, many people have resorted to the decentralized financial sector because parties cannot easily tamper with smart contracts.
Plus DAOs have no central authorities which override the majority's decisions. OroPocket is such a decentralized organization which is benefitting millions of people around the world due to its investment products which are pro-people.
OroPocket, as a financial institution, overcomes the following problems which are rampant in the centralized financial sector. Users experience financial difficulties, when banks have negative interests.
As such with OroPocket, there are no negative interests. Instead, individuals have the opportunity to earn for their investments. So if someone invests he/she gets interest at the end of the day. The days of lose after investing are over.
With OroPocket, there are no people who manipulate the market or the system. What is laid down applies to one and all. Thus it does not institute short term gain deals at the expense of its users future financial gains.
Inflation has resulted in the suffering of many people around the world. Usually people invest when their funds have stable value. Sadly, with time inflation people may end up losing their real income.
Interestingly, OroPocket investment plans do not let people encounter such horrible scenarios. This is because the invested funds are both insured and backed with real assets.
Currently, only gold and silver are the backing assets.
Apart from investing your funds you can also borrow. The interest rates are very reasonable. The following statistics show the interest rates when the loans are in US $.
Amount US $ interest rate %
0 - 10 000 5
10 001 - 50 000 4
59 001 - 100 000 3
100 001+ 2
These interest rates are not prohibitive. One can borrow funds at any time.
As you can see, with OroPocket, you tread on the road to financial independence. You invest and earn good returns. However, if you face some financial challenges you can borrow and bail yourself up.
Thus, OroPocket offers you seamless banking services because it has tools that enable you to:
Instantly spend your assets using an asset backed debit card,
Get a loan without completing tedious documents,
Earn high yield from your investments.
Imagine dealing with a decentralized bank which allows you to invest in precious metals such as gold and silver whose prices are not susceptible to price volatility.
Interestingly, once you start doing business with OroPocket you get all the necessary guidance and support that makes you successful.
Community
Everyone can join its supportive community on the following social media platforms.
https://www.facebook.com/oropocket/
BitCherry Testnet AMA Event On Telegram
Date/Time: Thursday, Dec 10th at 8PM(GMT+8)
Telegram: https://lnkd.in/gAp3nFJ
We will pick the 5 best questions about BitChery Testnet to answer, and each reward $20USDT.
Form: https://lnkd.in/gfEXXgF
#IPv8 #BCHC #Blockchain #BCHC
Do You Know IPv6?
IPv6 is slowly but irresistibly making its way into the Internet and into our networks. In industrial countries, the average user adoption rate is around 30%, Belgium being the leader with over 50%. Over 25% of the Top Alexa 1000 websites are dual-stack, which means, they are reachable over IPv4 and IPv6.
ð Blockchain Will Change It
Blockchain is a new architecture, that revolutionizes the Internet and replaces the common centralized client-server design. Blockchain stores data on a chain of nodes. It is a shared public ledger on which the entire decentralized distributed peer-to-peer network relies.
ð BitCherry Technology Implementation â IPv8
IPv4 / IPv6 are all IP layer protocols, the point of difference is the number of bytes of the network source address and the destination.IPv4 supports more than 4 billion addresses, but you at home or office are sharing a floating IP address to connect the internet with everyone because the number of IP addresses is not enough. When you be home is using the temporary IP address to connect the internet; only the data center computer room and private network have has a fixed IP address.
In order to solve the problem of insufficient IP addresses, the IPv6 protocol was upgraded. The essence of the protocol is almost exactly the same as IPv4, but upgrading the address to 6 bytes can express 262 trillion addresses, which exceeds the number of each grain of sand in the world. Therefore, it is sufficient for all Internet-connected computers and IoT devices now and in the future.
The IPv8 address is based on the IPv4 / IPv6 address, adding 2 bytes to express the topological relationship of the network and the double-layer P2Plus gateway node. P2Plus will establish a decentralized fast, safe, and private point-to-point on the IP layer Communications network.
For example, IPv4 / IPv6 are regular roads, and all the villages have the roads; IPv8 builds a highway, and all the cities have the highway entrances and exits, while IPv8 addresses build a highway entrance link the regular road.
In 2020, up to 82% of IP traffic will come from video, and 2/3 of network traffic will come from wireless networks and mobile devices. With the continuous evolution of video services, such as the provision of ultra high definition of 4K-8K video, virtual (VR)/augmented reality (AR), it will also promote the design of future 5G networks to better meet the needs of mobile application development. It has ultra high bandwidth and ultra low delay. At the same time, video consumption is also undergoing a series of changes: the consumption of people watching videos on TV is decreasing, the consumption of watching videos on mobile devices is increasing, the number of broadcast videos is decreasing, and the number of live videos is increasing at the same time. These changes will have a direct impact on the end-to-end network output.
Of course, all factors will put pressure on the future of 5G network performance. Whether the traditional IP network architecture can support the future 5G network performance has also become a topic of concern. Therefore, with the applying of 5G network, the innovation of IP network architecture became very imperative. As we all know, network protocol is the basis of network program, therefore, the security and connection speed of network protocol directly affect the security and performance of blockchain. However, all existing P2P protocols work above the TCP transport layer of the host side of the IPv4/IPv6 wide area network, which leads to network security gradually becoming a potentially huge problem, because the TCP/IP protocol was not fully considered when it was originally formulated. Because of its security, there are types of attacks such as IP address spoofing, source of routing attacks, and network eavesdropping in actual applications. Secondly, the IPv4/IPv6 network architecture is prone to data loss and incomplete during data transmission.
BitCherry redefined IP
To address these issues, the block chain project BitCherry was the one who firstly proposed, the block chain network protocol built on top of IPv8 technology, and defines it as P2P +.
P2P+ avoids monopoly caused by centralization
As we all know, a high degree of centralization leads to very low network security and a high degree of monopoly. While high degree of monopoly makes the entire Internet lack of vitality and the development speed will gradually decrease. In P2P+, each node is both a client and a server. In this way, you can download data from other nodes or let other nodes download data. The work provided by the large server in the original professional computer room is scattered and transferred to countless on ordinary nodes. In this case, each node only undertakes a small part of the work that originally belonged to the server. Even if a node has a problem, it can work automatically connected by other nodes. Therefore, a server problem may cause a relatively large impact (for example, the service operator has a downtime event). Once P2P+ is used, even if a few nodes or even hundreds of nodes have problems, it will not affect the operation of the network.
P2P+ saves bandwidth costs
The current Internet TCP/IP protocol will obtain content from the central data center. This method causes network congestion and low file access efficiency. However, in P2P+, the protocol works in the lower-level of IP network layer and data link layer (which can work on the host and router at the same time); because it works at the lower level and is closer to the protocol layer of the hardware device, so P2P+ It can easily penetrate any network, firewall, and network fence, greatly improving the accessibility of data transmission.
P2P has a high secure system
In today's Internet, communication between nodes relies on intermediate servers. Therefore, once the server is attacked by hackers, data privacy can easily be stolen, traded, or even made public, directly causing huge harm to users. In order to ensure the privacy of network transmission and the gateway node to make some harm, the P2P+ network protocol uses a point-to-point high-strength private key encryption technology. The transmission content is encrypted and only the receiving node can decrypt it, ensuring the confidentiality of the transmission content and node privacy. The public and private key mechanism can be used not only to encrypt the communication process, but also to authorize access through signatures. Different from the SSL certificate system and account/password method adopted by OpenSSN, P2P+ authorizes the network read/write of an 8-bit virtual IP address and recognizes it through the public key signature of the virtual IP address to prevent false IP address attacks.
The pace of commercialization of 5G is gradual, and it is now in the initial stage of development. In the future, there will be a broader imagination for the application of IP. The BitCherry as a practitioner of innovative technologies, adhering to the "innovation is king" concept, pays close attention to the development trend of the global industry, through P2P + let IPv8 applied to the broader scene to make people happy and enjoy the technology brings Extraordinary experience.
IPv8 - Explore BitCherry on IP level.
As mankind is about to move towards an intelligent, fully-connected world of Internet, Internet of Everything, is an integration of virtual and real, is to face new generations, new services, and new needs, traditional IP networks have long been unable to handle it. How to make IP networks inherit the genes of success to make it to continue the development on the basis of meeting the new needs of the future industrial Internet, and promote the digitization of the entire industry, this issue has become a common concern of the industry.
The current IP technology started in 1969 and the protocol was finalized in 1978, it nearly operated for 50 years and has achieved great success. It turned out that IP technology focused on connecting computers around the world before, mainly in the office field; later it extended to mobile internet, so all mobile phones connected by later IP technology; but for so many years, traditional IP technology has been unable to meet the rapid development of industrial internet which has a series of requirements such as low latency and security.
According to a report in the âFinancial Timesâ, Huawei, in conjunction with the Chinese Trade Union, China Telecom, and the Ministry of Industry and Information Technology, submitted a proposal called "New IP" to the International Telecommunication Union (ITU).
Huawei distributed an impressive article (titled "New IP framework and Protocol for Future Applications"). The article explains that new IP is a new Internet protocol framework which can better support emerging network applications, such as multi-network and holographic communication, etc., The new IP will fundamentally support the variable length of the network layer, multiple semantic addresses, and user-defined networks.
It is not difficult to observe that the innovation of IP network architecture has become the top priority in the current network society. The emerging technology of blockchain, relies on the Internet, whether or not will launch its own journey of âIP revolutionâ.
As we all know, the network protocol is the basis of the network program, and the peer-to-peer network is also the basis of the blockchain operation. Therefore, the security and connectivity speed of the network protocol directly affects the security and performance of the blockchain. However, all existing public P2P protocols work above the TCP transport layer of the host side of the IPv4/IPv6 wide area network, which leads to have a network security issue which is gradually becoming a potentially huge problem, because the TCP/IP protocol was not formulated with a full consideration of security at all. We should fully consider its security, so in the actual application process there wonât be attacks such as IP address spoofing, source routing attacks, network eavesdropping and so on. Secondly, the IPv4/IPv6 network architecture is prone to data loss and incomplete transmission during data transmission.
In order to solve these issues, BitCherry firstly proposed, the block chain network protocol built on IPv8 technology. In order to ensure privacy of data transmission and malicious nodes, different with the traditional P2P network protocols, The P2P+ network protocol uses a point-to-point high-strength private key encryption technology. The transmitted content is encrypted, and only the receiving node can decrypt it, ensuring the confidentiality of the transmitted 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 OpenSSN, P2P+ authorizes network reads/writes of 8-bit virtual IP addresses and identifies them by the public key signature of the virtual IP addresses to prevent false IP address attacks.
BitCherry P2Plus work on more underlying IP network layer and the data link layer (which can work simultaneously in Host and router), so P2Plus can easily penetrate any network, firewall, and network fence, greatly improving the accessibility of data transmission.
As it can be seen above, Huawei New IP and BitCherry IPv8 have some similarities like:
1. Background: Both are based on the disadvantages of the traditional Internet, which exist in the background that the traditional Internet is unable to support the connection of massive networked subjects, has low transmission efficiency, instability, and is prone to attacks.
2. Objective: Both are committed to build a more secure, efficient, and open internet, supporting the interconnection of all networks, the interconnection of all things, and precise transmission. It has the characteristics of flexible addressing, efficient operation, safety, and efficiency.
When the reality of traditional internet increasingly becoming unstable, we believe there will be more new technologies that will build with BitCherry for a better future, we also believe, this technology of BitCherry, will become the most dazzling star. The release of new IP, will also have a more active role in the development of BitCherry, the two will work together to accelerate the upgrade of the Internet. Let us look forward to the arrival of web3.0 together!
#PBWS2020 Tickets #Giveaway We're giving out 5-10 #PBWS tickets! Simply answer these questions to #WIN a ticket.
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Nowadays Blockchain has become an important technology which promotes business development. So whoever can manage well core technologies may become the leader in this field. However, while using blockchain technology we still can experience some shortcomings. For example, most blockchain systems still adopt a single linked list structure and on chain commercial applications. The privacy and security of the company might be limited because of the performance of a single chain. So for this issue some public chain projects proposed a multi chain system structure. Unfortunately a multi chain system structure has the low efficiency between cross chain interoperability and the simple multi-chain structure. The commercial demand of monetary valued enterprises indirectly leads to some issues like: ineffective connection of traditional user groups and commercial institutions, the problem of weak liquidity, the low user trust caused by the lack of effective supervision methods in the existing blockchain. All of the problems mentioned above deeply limit the desire of enterprises in various fields to use blockchain technology.
As the worldâs first scalable blockchain infrastructure based on IPv8 technology, BitCherry has built an innovative physical layer network protocol which is P2Plus end-to-end encryption. Current innovative network protocol has already achieved some improvements like: an improved spectrum from the high scalable hash map data architecture, improved smart contracts, cross chain consensus and other operating mechanisms. The innovative network protocol can provide global businesses with a high performance, high security, and high underlying technical support. Current services might be involved in different fields like: finance, product traceability, asset digitization, commercial consumption, e-commerce, cloud computing and also in many other fields.
The article above gives a quick introduction of project- BitCherry. The detailed explanation about aBFT+PoUc consensus algorithm will be explained on the following text content.
1. aBFT+PoUc consensus mechanism
Basic consensus algorithm of aBFT
BitCherry uses a distributed blockchain system; the consensus algorithm running environment is similar to the execution environment of distributed systems. It ensures the safety and reliability of the consensus algorithm. aBFT is the basis of consensus algorithm which is fully asynchronous by BitCherry. It does not have to waste a lot of energy for PoW problems caused by nor node PoS / DPoS bugs. The system has also inherited the advantages of aBFT distributed consensus algorithm in solving the problem of fault tolerance and malicious nodes. But it also has the following shortcomings:
1. There is no complete certainty of consensus. It is just operates by timing, the probability of tampering becomes smaller and smaller, forming final certainty, so the time for consensus determination is also related to the number of nodes;
2. All nodes participating in the transaction participate in the consensus as well, this also limits the TPS of the hash graph from both the network bandwidth and the CPU/GPU computing power.
Safe and efficient consensus algorithm: aBFT+PoUc consensus mechanism
On a consensus algorithm, BitCherryâs data structure is based on the hash map. It is the block chain pioneering technology with six degrees of separation theory, which demonstrates the value of PoUc user, selects consensus nodes, optimizes the network propagation consensus process. Current system is combined with BitCherry original P2Plus network protocols, and multiple types of applications BitCherry side chains which allows to create a unique aBFT + PoUc consensus.
It is different from the DPoS method; all users can participate in the PoUc consensus. The algorithm automatically selects neighboring nodes and non-neighboring nodes to virtual voting according to the relationship graph algorithm, and refers to their weights for virtual voting. The selected nodes will receive accounting rewards. The selection rule of the neighboring endorsed nodes is based on the node network bandwidth/delay, the close centrality of the main/side chain relationship map and the nodeâs 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 for the large V node gives 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 rounds do not exceed 1/3 and are randomly selected. Newly selected nodes are randomly selected according to 1/3 of the number of candidate nodes.
In simple terms, BitCherry consensus algorithm is based on aBFT, so any node that satisfy the condition (based on the unique value of Bit-U prefers the neighbor node) can participate in the process of the whole PoUc consensus and almost all important nodes in the circle will also participate in the PoUc consensus process.
2. Incentive Mechanism Bit-U
Although Hashgraph is based on the aBFT algorithm and treats all nodes equally and can be decentralized to the greatest extent, it also lacks incentives for the entire economic system. Thus, BitCherry uses Bit-U incentives, Bit-U formed by the superposition of four dimensions, the user will have any dimension obtained for excitation, the excitation multidimensional is greater. T is the time dynamics, R for the user relevance, A is for user activeness and C is for userâs contribution.
Time Dynamics T: Determined by the length of time the user holds to pass. This indicator is mainly determined by the time the user holds the pass. We believe that long-term pass holders are more credible than non-holders and have less motivation for evil.
User relevance R: It is determined by the user relationship circle and relationship activity. The relationship map includes: social relationship, e-commerce relationship, knowledge sharing relationship, and resource sharing relationship;
User Activeness A: It is composed of user online time/frequency, social activeness, transaction activeness, and sharing activeness;
User contribution C is divided into two categories:
Cloud computing mining machine resource Cm: In addition to mining participation, cloud computing mining machine resource Cm also includes: IPFS storage resources, gateway bandwidth resources, and CPU/GPU computing resources;
External interface resource Cb: External resource Cb mainly refers to the provision of external resources for the public chain, including: advertising/sales and other commercial intermediary services, arbitration/mantra services, etc., mainly for the public chain to open up information about the external physical world, the traditional Internet, and the Internet of Things , Funds, equipment, and services that goods to provide.
Since when, Cyberpunk (Cyberpunk) has become a buzzword, many young and creative workers who expressed their fond, the Cyberpunk words began to frequent appearance in the major social media, When it comes to cyberpunk, people will automatically flash brilliant blue and magenta neon lights in their minds, and electronic music singing in their ears.
Cyberpunk, as a niche subject under the category of science fiction works, originated from the concept of science fiction in cyberspace. The term Cyberspace was coined by science fiction writer William Gibson in the 1980s. It refers to virtual reality in computers and computer networks. Its original meaning also refers to computer technology, modern communication network technology, and even virtual reality. Based on the comprehensive application of technology and other information technologies, a new type of space with knowledge and information as the content. This is a virtual space created by humans for knowledge exchange. In this virtual space, humans do not have to consider race, economic privilege or prejudice brought by force, force, birthplace. In fact, I see here, I am sure you have thought of this combination "freedom + equality", it is also the block chain technology and to the center of the block chain network advocated.
In the history of mankind, the economy is an old and new eternal theme, whether in the agricultural economy and society, or in the industrial economy and society, economic development is a key factor in the healthy society can achieve sustainable development. In October 2008, an anonymous person (or organization) named Satoshi Nakamoto published a paper "Bitcoin: P2P Electronic Cash System" to the metzdowd.com mailing list. At this point, Bitcoin and the decentralized blockchain network represented by Bitcoin have been on the stage of history. The emergence of Bitcoin and decentralized blockchain networks has accelerated the digital production, distribution, and use of information. Economic development also seems to have opened a new gap in the giant door of the Internet business era.
In 2014, after Satoshi Nakamoto, another representative of the blockchain (Vitalik) discovered that Bitcoin has unsolvable limitations in its design and proposed to explore the "next generation of cryptocurrency and decentralized application platform" Ethereum for the goal. After the advent of Ethereum, its smart contracts with high versatility and flexibility have been sought after by many geeks. The transaction processing speed of Ethereum once surpassed the transaction speed of Bitcoin by 3 to 7 times. However, due to technology and insufficient, Ethernet still unable analogy with the existing centralized system on the performance, people are expecting web 2.0 to change the existing business structure, greatly enhance the productivity of the situation, after all, it is also without beginning and end.
In the "blockchain 3.0 era", too many falsehoods. The concept of blockchain technology has become a new round of opportunities for capitalists. Many public chain projects with the concept of "Blockchain 3.0" have followed the Ethereum structure, but they have not succeeded at all. Many projects in the "blockchain 3.0" era have insufficient scalability, poor security, slow implementation of the roadmap, and failure to meet expectations after the main net is launched.
Looking back at the development of the blockchain for more than ten years, there are still many difficulties in the development and application of blockchain technology and various industries, such as whether the security of the blockchain is safe, the key technology of the blockchain needs to be broken, and the blockchain and the entity industry to be the depth of integration. Based on this, BitCherry the distributed business public chain carrying its own new technology, new ideas, in order to better promote the block chain technology and industry healthy and orderly development, added to the road block chain technology development.
BitCherry based IPv8 as technology development and services in the distributed business expansion can blockchain infrastructure, innovative proposed "Blockchain Plus" advanced technology concepts, use BitCherry Blockchain Plus to improve the executable, inadequate performance governance structure and security issues. Its global community is then covered in just one year as many as 1 million + users, the technical concept in over 10 countries including China, the United States, Russia, Britain, France, Japan, Turkey, Dubai and Singapore. And more than a year of development, BitCherry also welcomed the latest progress of the project development, it is learned, BitCherry test network function has been fully developed, will soon formally launched the test network.
As we all know, can prop up a large-scale network effect is a severe test of all current public face of the chain, according to the technical white paper describing the BitCherry, high network efficiency BitCherry, and run a full node attached to the HashGraph structure to ensure there is no need to carry out heavy workload certification, which can achieve tens of thousands of transactions per second.
While providing basic blockchain services for enterprises, it can also create smart contracts and DApps according to different businesses.
It is foreseeable that this will accelerate the development, governance and operation of multi-agency business networks, as well as the smooth development of decentralized applications, and deliver value to the business exchanges between different entities in the future.
Blockchain technology development achievements mainly in supplement or extend the existing business model, BitCherry think of industrial innovation is needed is an open ecology, equality, freedom, cooperation, integration of one of the world's top resources from the capital, technology, and commerce, we will build a global ecology, promote the transformation and development of global business, and promote the transformation of the business society.
Blockchain technology is not a tool for capital solidification, but should be the key to rationally improve and enhance the space of human life scenarios. In the âcyberpunkâ setting, the urban landscape often has a large number of neon signs comparable to light pollution. This is actually an anti-human living environment for the over-development of urbanization under the capital environment. This is not what we are longing for. The real "cyberspace" should be as stated in the "Declaration of Cyber Independence":
âCyberspace consists of transactions, relationships, and thought itself, arrayed like a standing wave in the web of our communications.â
âWe are creating a world that all may enter without privilege or prejudice accorded by race, economic power, military force, or station of birth.â
Flare Networks has announced that they will distribute their long awaited token $Spark to all $XRP hodlers on a 1:1 ratio. So for each $XRP you hold you will get one $Spark in return.
$Spark is simply put a bridge connecting the $XRP ledger (XRPL) to the Ethereum $ETH blockchain so transactions could be processed there!
Here's a very interesting infographic that lists all crypto exchanges and wallets that will take part in the $Spark token distribution! Enjoy! ðĪĐðŠðŧ
Blockchain technology is leading a new round of global technological development and industrial transformation and has become an important technical technique for global technological innovation and model innovation. Many countries regard blockchain technology as the main national development strategy. In simple terms, blockchain technology Is the future.
2020 is a year for the development of public chain projects. Now the blockchain has entered a period of contention. Many public chain projects have appeared and developed, but there are good and bad situations. Under such circumstances, this article will introduce two value of investment, growth, and practicality blockchain project, and cited compare their technology. Both projects are similar to Polkadot and BitCherry, two projects are decentralized blockchain platform, with multi-chain fragmentation and network architecture, which will share the following technical advantages of the two projects, we welcome the discussion.
The structural design of the multi-chain fragment difference between Polkadot and BitCherry
Polkadot is a heterogeneous multichain with shared security and interoperability, composed of "relay chain + parachains", based on a multi-chain and heterogeneous sharding design based on nominated proof of stake (NPoS). There will be many different consensuses and parachains of different structures in the network. Each parachains has its unique data, P2P network architecture, and shares security by linking to the relay chain. The Availability and Validity (AnV) protocol of Polkadot is what allows for the network to be efficiently shared among parachains while maintaining strong security guarantees.
BitCherry is based on technology created IPv8 expandable blockchain infrastructure, according to the actual needs of different application scenarios do segmentation data, according to different types of content to provide the appropriate side chain, the main chain is only responsible for a consensus with the main transaction of Token, The number of side chains can increase with the increase of business volume and data. Nodes of different sub-chains handle their respective businesses and based on the design of a multi-layer systematic security assurance mechanism, to resist various attacks.
Sharding is based on the hashgraph division of the relationship graph. According to the six-degree split theory, the same type of relationship is usually concentrated in the surrounding small circles, and the relationship fragments from large to small form a hash circle, so the final 96% The above transactions are carried out in the same shard, cross-shard transactions will be greatly reduced, reducing a lot of unnecessary losses.
The Consensus algorithm difference between Polkadot and BitCherry
Polkadot adopts the NPoS consensus mechanism, that is, the "nominated equity proof mechanism". Simply put, all the holders of the project pass are the nominators of the Polka Ecology, and they have the right to nominate a certain node as a validator. The validator needs to pledge a certain amount of project tokens. Once successfully nominated as an active validator, it has the right to participate in the network block production. Besides, there is another feature at the consensus level that all shard networks share security, that is, the blockchain of the shard network shares the set of validators.
BitCherry using original aBFT + PoUc consensus mechanism, namely "user value of proof", and NPoS of different ways, all users can participate PoUc consensus algorithm according to the relationship map algorithm automatically selects the neighbor node and non-contiguous node, and concerning the weight Perform virtual voting, and the selected node will receive an accounting reward.
In simple terms, the BitCherry consensus algorithm is based on an asynchronous Byzantine fault-tolerant algorithm (aBFT), so any node that satisfies the condition (based on the unique value of Bit-U prefers the neighbor node) can participate in the process of the whole network PoUc consensus And almost all important nodes will also participate in the PoUc consensus.
How Polkadot and BitCherry could against the malicious attacks and protect chain security?
Polkadot maintains every chain around Polkadot by randomly selecting verifier nodes. The larger the pool of verifiers that can be randomly selected, the fairer and safer it will be. The probability that a group of people who want to do evil will be divided together will decrease. Therefore, Polkadot Official hope to have 1000 nodes to maintain the Polkadot chain, At the same time, fisherman, as a police officer in the system, can further strengthen the security of the system by finding out the evil operations and getting rewards.
BitCherry constructs the network protocol of P2Plus in the physical layer through the technology of IPv8. The P2Plus network protocol adopts the point-to-point high-strength private key encryption technology. Only the receiving node can decrypt the transmission content after encryption, which ensures the confidentiality of the transmission content and the privacy of the node. The operation of the whole node is attached to the structure of hashgraph, which can ensure the decentralization without heavy workload proof. At the same time, it can realize the point-to-point encryption of information and ensure the privacy and security of user data in the interaction process.
Although the two projects are different in terms of network architecture, consensus algorithm and privacy security, it is undeniable that Polkadot and BitCherry both project are beginning focus on security and make enough efforts to protect the privacy security on the chain, which is very important for users of blockchain projects.
Different application scenarios targeted by Polkadot and BitCherry
Polkadot focuses on the interoperability of the blockchain network and the flow of the whole information. The final consensus of other parallel chainsïžParachainïž is provided by Polkadot, which makes it easier for the relay chain of Polkadot to record all the information of the whole network. Polkadot can directly call the intelligent contracts on other chains.
BitCherry focuses on providing customized commercial applications for different business scenarios. It solves the problem of blockchain network scalability through multi chain structure and physical fragmentation technology, by provides fully customized services and supports completely private side chains. Each side chain is a complete commercial level blockchain solution.
Polkadot's model snatches the function and value of the security protection of the native token of other chains. The chain established on Polkadot only has its own business scenario to support the market value of the currency. So, I guess a chain that wants to have autonomy may choose to build on the BitCherry network architecture. However, BitCherry is still in the early stage of technology research and development, and its main network has not been launched yet. There is no actual case in the market to verify the practical applicability of its technical concept.
Polkadot and BitCherry are both outstanding blockchain project representatives in the market at present. Both projects have distinct technical characteristics, and their different characteristics will attract different developers and users with different needs.This article only shares two blockchain projects that the author believes are forward-looking, growing, and practical. Nowadays, more potential public chain projects are springing up in the market. In the future, we will see who the winner of this public chain empire is.
How do you think?
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Do You Know IPv6?
IPv6 is slowly but irresistibly making its way into the Internet and into our networks. In industrial countries, the average user adoption rate is around 30%, Belgium being the leader with over 50%. Over 25% of the Top Alexa 1000 websites are dual-stack, which means, they are reachable over IPv4 and IPv6.
ð Blockchain Will Change It
Blockchain is a new architecture, that revolutionizes the Internet and replaces the common centralized client-server design. Blockchain stores data on a chain of nodes. It is a shared public ledger on which the entire decentralized distributed peer-to-peer network relies.
ð BitCherry Technology Implementation â IPv8
IPv4 / IPv6 are all IP layer protocols, the point of difference is the number of bytes of the network source address and the destination.IPv4 supports more than 4 billion addresses, but you at home or office are sharing a floating IP address to connect the internet with everyone because the number of IP addresses is not enough. When you be home is using the temporary IP address to connect the internet; only the data center computer room and private network have has a fixed IP address.
In order to solve the problem of insufficient IP addresses, the IPv6 protocol was upgraded. The essence of the protocol is almost exactly the same as IPv4, but upgrading the address to 6 bytes can express 262 trillion addresses, which exceeds the number of each grain of sand in the world. Therefore, it is sufficient for all Internet-connected computers and IoT devices now and in the future.
The IPv8 address is based on the IPv4 / IPv6 address, adding 2 bytes to express the topological relationship of the network and the double-layer P2Plus gateway node. P2Plus will establish a decentralized fast, safe, and private point-to-point on the IP layer Communications network.
For example, IPv4 / IPv6 are regular roads, and all the villages have the roads; IPv8 builds a highway, and all the cities have the highway entrances and exits, while IPv8 addresses build a highway entrance link the regular road.
Nowadays Blockchain has become an important technology which promotes business development. So whoever can manage well core technologies may become the leader in this field. However, while using blockchain technology we still can experience some shortcomings. For example, most blockchain systems still adopt a single linked list structure and on chain commercial applications. The privacy and security of the company might be limited because of the performance of a single chain. So for this issue some public chain projects proposed a multi chain system structure. Unfortunately a multi chain system structure has the low efficiency between cross chain interoperability and the simple multi-chain structure. The commercial demand of monetary valued enterprises indirectly leads to some issues like: ineffective connection of traditional user groups and commercial institutions, the problem of weak liquidity, the low user trust caused by the lack of effective supervision methods in the existing blockchain. All of the problems mentioned above deeply limit the desire of enterprises in various fields to use blockchain technology.
As the worldâs first scalable blockchain infrastructure based on IPv8 technology, , BitCherry has built an innovative physical layer network protocol which is built P2Plus end-to-end encryption. Current innovative network protocol has already achieved some improvements like: an improved spectrum from the high scalable hash map data architecture, improved smart contracts, cross chain consensus and other operating mechanisms. The innovative network protocol can provide global businesses with a high performance, high security, and high underlying technical support. Current services might be involved in different fields like: finance, product traceability, asset digitization, commercial consumption, e-commerce, cloud computing and also in many other fields.
The article above gives a quick introduction of project- BitCherry. The detailed explanation about the technical framework and innovative technologies will be explained on the following text content.
1ã BitCherry Technology Concept
BitCherry is the worldâs first scalable blockchain infrastructure based on IPv8 technology. It has three major characteristics: they are high performance, data security and consensus governance. The company aims to build a commercial level blockchain infrastructure with an innovative physical layer which will be able to provide a high-performance, high security, high availability public chain support for distributed business applications on the chain.
BitCherry Key Technologies are:
IPv8, P2Plus Network ProtocolïžBlockChain Plusïž, Sharding technology (Hash Ring Sharding Technology based on dividing the Related Hashgraph), aBFT+PoUc consensus algorithm, Bit-U incentive mechanism, smart contracts, and Cross Chain interoperability.
2ã Main technology innovations and their advantages
P2Plus Network ProtocolïžBlockChain Plusïž
The existing P2P public chain protocols work above the TCP transport layer on the host side of the IPv4 / IPv6 wide area network, while the IPv8 protocol of BitCherry works in the lower layer of IP network and data has a link layer (which can work at the host side of routers and other machines at the same time). In other words, BitCherry starts to build the protocol which operates from the lowest physical layer, because it works at a lower level and located closer to the hardware. On the protocol layer of the device, P2Plus can easily penetrate any network, banning wall or network wall. Shortly, VPN, proxy server others are no longer needed. The P2Plus Network Protocol advantages are as follows:
High Performance: The transaction performance is improved by the horizontal fragmentation and vertical side chain of HashRelationGraph Algorithm. The consensus layer of the whole network is expanded to more than 100 000 nodes. The nodes participating in consensus in each transaction are controlled within hundreds nodes. In this way, BitCherry network can be completely decentralized, and the TPS of the network can reach for more than one million. Even if there are tens of thousands of BCHC transactions per second, the security and stability of BitCherry network will not be affected.
Scalability: Based on the aBFT Asynchronous Algorithm and relying on the expansion design of vertical side chain and horizontal fragmentation, the problem of block congestion is solved, which means that the resource occupation of phenomenal pop up applications will not affect other chain applications.
Privacy Security: The operation of the whole node is attached to the structure of hashgraph, which ensures the decentralization without heavy workload. It can realize the point-to-point encryption of information at the same time it can obtain a value high-speed interconnection, ensure the privacy and security of userâs data in the interaction process.
2. Sharding technology
The biggest problem of existing shard technology is cross chain transaction. Cross chain synchronous transaction in most of the time lose performance and asynchronous transaction damages security, the transaction is also occurring under some restrictions, the transaction must specify the partition in which it is located, so because of the issues mentioned above the actual application scenario will be greatly limited. As the solving way of the issues BitCherry uses Hashgraph partition based on the Relationship Graph. According to the six degree segmentation theory, the same type of relationship is usually concentrated in the surrounding small ring (similar to WeChat circle of friends), and it will form a Hash Ring from large to small relationships, such as the ring of friends or people who may know. Therefore, more than 96% of the final transactions are carried out in the same segment, and unnecessary cross segment transactions will be greatly reduced.
3. aBFT + PoUc Consensus Algorithm
In terms of consensus algorithm, BitCherry creatively combines blockchain technology with six degree segmentation theory on the basis of hash graph data structure which. It is proved that the value of PoUc would benefit in selection of consensus nodes and optimize the communication process of network consensus propagation process, and create a unique aBFT + PoUc consensus. Different from DPoS, all users can participate in the PoUc consensus. The algorithm automatically selects adjacent nodes and non-adjacent nodes according to the relationship graph algorithm, it conducts virtual voting with reference to their weights, and the selected nodes will get bookkeeping rewards.
4. Smart contract
BitCherry smart contract is a fully functional Docker containerized smart contract that supports multiple programming languages and supports external resource isolated by sandbox. In terms of programming language, it supports solidness, C + +, Java, go, typescript and other mainstream programming languages. The smart contract supports IPFs and the network upper layer protocol based on P2Plus point-to-point encryption. Its services involve supply chain finance, asset digitization, commercial consumption, e-commerce, distributed cloud computing and many other commercial fields.
5. Digital token
The main role of projectâs BCHC token in the BitCherry ecology is to confirm the rights and price. It is the digital carrier of assets and the value support of BitCherry ecology. Its existence facilitates the flow of value in the form of digitization in the BitCherry ecology, realizing the mapping from the physical world to the digital world.
In the near future, we will give you a detailed introduction to the technology, consensus, product, ecology, and value of the distributed commercial public chain BitCherry.
BitCherry BCHC Developer Ambassador Recruitment ProgramðĢ
Dear Blockchain developers, the BitCherry developer community is inviting all of the blockchain developers to join our community now. BitCherry supports in various forms to participate in project development, BitCherry rewards program, code issues, DApp, based on the development and application, project ideas, etc. BitCherry main network discussion. You will gain the knowledge, exercise summary, expression, and article writing skills, at the same time contributing to the community. Meanwhile, the BitCherry developer community will also be launching regular activities, developer coding contests, massive token rewards waiting for you.
BitCherry developers ambassador as a link between the developer community and BitCherry, through the developer program, link with BitCherry technical team, organize all types of project planning activities, development of the blockchain developer community to help developers build more industry links, and learn together.
In 2021, BitCherry will hold the BitCherry Blockchain Developer Conference, and technology field meetings and events.
We Are Looking:
â
Technologist
Proficient in various language codes, solid technical skills, have a strong interest in development. Those who have participated in various technical competitions are preferred.
â
Tech Influencer
Passionate and responsible for things, Strong communication skills and organization and coordination skills, preferred with experience in technology development community management.
â
Social Media Talent
Passionate about the Internet and blockchain industry, willing to share and innovate, accept the new challenge.
We Expect You To Do:
â
Tech Event Organizer
To organize elite tech talents to regularly organize technical learning and community, and active in various technical groups.
â
Business Experience Specialist
Experience within BitCherry ecological new applications, new features, and gather developers and users and feedback.
â
Brand Promoter
Organize the online and offline meetup activities, and deliver the message of the brand, public chain technology, IPV8 information, and vision of BitCherry.
ðķ How To Get The Rewardsïž
1. Join The BitCherry Developer Community Event
2. Involve The BitCherry Ecological Operation
3. Based on BitCherry Mainnet Application Development, Profit Sharing With BitCherry
ðķ Process of Recruitmentïž
1. Sending Resume / CV
2. Resume / CV Filtering
3. Online Interview
4. Join The Community
5. Online Training
6. Online Testing
7. Review and Appoint The Job
We are grand to inviting all the Blockchain Developers and volunteers to join the BitCherry Developer Community (Technology).
In 2020, the BitCherry developer community and look forward to more talents to join! ðē Email your resume/Cv at contact@bitcherry.oi or terix@bitcherry.io
DeFi, or Decentralized Finance (Decentralized Finance). The industry generally believes that DeFi originated in 2018, and the past 2019 was its first year of development. At present, the DeFi ecological territory continues to expand, with multiple domain use cases such as lending platforms, DEX, stablecoins, crypto derivatives, marketing forecast, and insurance.
In the past three months, the DeFi market has achieved impressive results. The total market value of the top 100 DeFi tokens has risen to 2.316$ billion. The number of users of the crypto asset derivative financial system project led by MakerDao has rapidly increased and started to expand the market, which makes DeFi to meet peopleâs expectations. As the most native landing scenario of the blockchain in the financial field, the breakthrough progress in the application of the ground is undoubtedly a long time for the entire encryption field ecology and market, which directly promotes the market warming.
However, while the demand for crypto asset derivative financial products continues to increase, it also brings some new problems:
DeFi is subject of performance
At present, most of the DeFi activities on the market are built on the Ethereum network, and the performance bottleneck of Ethereum has always been a relatively prominent problem.
Today, except for a few star projects such as MarkerDAO and Compound, most projects have very little flow and capital precipitation, and others have mortgage loan projects accounts for more than 70%, so few people currently criticize DeFiâs efficiency-related issues.
However, the 3/12 Black Swan incidents is still vivid. After the price of Ethereum plunged that day, the price of collateral in many DeFi loan agreements fell rapidly, hitting the warning line, and th en faced a large-scale liquidation, resulting the surge in transaction volume. Network congestion has caused serious insolvency problems for well-known projects like MakerDAO, indicating that network throughput is critical to the impact of the DeFi project.
DeFi has high hopes, but in this global financial turmoil, its performance is still unsatisfactory. In the face of the problem of liquidity depletion and network congestion, we have to think about whether DeFi's development scale will have an upper limit.
DeFi security issues
With the rapid development of DeFi, there have been various types of security incidents. In the world of codes and rules, especially in the financial field involving funds, a careless or imprecise will attract a large number of hackers to patronize, the tokens which will be stolen and abused. Vulnerability has become a problem that DeFi must face.
For project whose own security technology is not strong, if you want to protect user assets and enhance DeFiâs network security performance, you must first have a deep understanding of the risks that your products may have, so that you can deal with them when the crisis comes. And it is necessary to cooperate with the blockchain security company to conduct a comprehensive external security review, use the original code, and start the testnet to ensure security.
Behind the frequent occurrence of security incidents there is the typical symptom of imperfect infrastructure and DeFi at an early stage.
The above two major problems are actually the reason why there is always been a âbottleneckâ for DeFi users, which cannot really be applied on a large scale.
How to solve the above two difficult points? First, we must build a better distributed financial infrastructure. So, what kind of infrastructure do we need? What kind of distributed financial infrastructure can accelerate the adoption of mainstream people?
Distributed public commercial blockchain project BitCherry has core competence in the field of finance: First of all, just BitCherry base layer satisfies the entire systemâs architecture of the agreement; secondly, based on BitCherrry backbone it claims to create a specialized financial side chains; in addition, we want to mention BitCherryâs strong financial backbone. The business specifically encapsulates common modules, which are more friendly to developers.
BitCherry developers use development tools, including loans, stable currency, exchange, derivatives, insurance, forecasting and many other scenes. For example, borrowing can realize P2P borrowing, and it can also realize consumption installment; stable currency can be realized by using digital asset mortgage mode.
As can it can be seen, based on a distributed architecture BitCherryâs financial system is more comprehensive, including both mainstream public chain, chain of its own public, there are a variety of financial components, enabling developers to easily develop financial products based on blockchain, focusing on business logic. By reducing the threshold for developers and take an advantage of block chain technology, BitCherry is driving toward distributed financial mainstream population.
For example, since the development of traditional financial markets, there have been many problems such as cumbersome adjustments, audits, pricing and issuance, and other complicated financing processes. And there is BitCherry solving the above problems which can be simplified by intelligent contract, in order to reduce the costs. It is also possible to realize the free flow of equity and assets by putting assets on the chain. BitCherry doing the underlying business logic architecture design, we conducted in-depth consideration, there will be a number of specialized financial services for the development of the side chains, such as cross-border payments, trade finance business ecosystem supply chain, STO, etc. The characteristics of parallel computing make it capable of handling global business transactions. Intra-chain communication is also very suitable for asset registration, account management, real-time transactions, etc. Open source and interoperability also make the entire interaction process more simplified and transparent.
At present, we are in the early stages of decentralized finance, from stablecoins to decentralized exchanges, wallets, payment networks and insurance platforms, to critical infrastructure, markets and investment engines, the entire DeFi ecosystem is booming. A new financial structure is also coming out. The possibility of establishing a new pattern on their âDeFi trackâ, let us wait and see.
As mankind is about to move towards an intelligent, fully-connected world of Internet, Internet of Everything, is an integration of virtual and real, is to face new generations, new services, and new needs, traditional IP networks have long been unable to handle it. How to make IP networks inherit the genes of success to make it to continue the development on the basis of meeting the new needs of the future industrial Internet, and promote the digitization of the entire industry, this issue has become a common concern of the industry.
The current IP technology started in 1969 and the protocol was finalized in 1978, it nearly operated for 50 years and has achieved great success. It turned out that IP technology focused on connecting computers around the world before, mainly in the office field; later it extended to mobile internet, so all mobile phones connected by later IP technology; but for so many years, traditional IP technology has been unable to meet the rapid development of industrial internet which has a series of requirements such as low latency and security.
According to a report in the âFinancial Timesâ, Huawei, in conjunction with the Chinese Trade Union, China Telecom, and the Ministry of Industry and Information Technology, submitted a proposal called "New IP" to the International Telecommunication Union (ITU).
Huawei distributed an impressive article (titled "New IP framework and Protocol for Future Applications"). The article explains that new IP is a new Internet protocol framework which can better support emerging network applications, such as multi-network and holographic communication, etc., The new IP will fundamentally support the variable length of the network layer, multiple semantic addresses, and user-defined networks.
It is not difficult to observe that the innovation of IP network architecture has become the top priority in the current network society. The emerging technology of blockchain, relies on the Internet, whether or not will launch its own journey of âIP revolutionâ.
As we all know, the network protocol is the basis of the network program, and the peer-to-peer network is also the basis of the blockchain operation. Therefore, the security and connectivity speed of the network protocol directly affects the security and performance of the blockchain. However, all existing public P2P protocols work above the TCP transport layer of the host side of the IPv4/IPv6 wide area network, which leads to have a network security issue which is gradually becoming a potentially huge problem, because the TCP/IP protocol was not formulated with a full consideration of security at all. We should fully consider its security, so in the actual application process there wonât be attacks such as IP address spoofing, source routing attacks, network eavesdropping and so on. Secondly, the IPv4/IPv6 network architecture is prone to data loss and incomplete transmission during data transmission.
In order to solve these issues, BitCherry firstly proposed, the block chain network protocol built on IPv8 technology. In order to ensure privacy of data transmission and malicious nodes, different with the traditional P2P network protocols, The P2P+ network protocol uses a point-to-point high-strength private key encryption technology. The transmitted content is encrypted, and only the receiving node can decrypt it, ensuring the confidentiality of the transmitted 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 OpenSSN, P2P+ authorizes network reads/writes of 8-bit virtual IP addresses and identifies them by the public key signature of the virtual IP addresses to prevent false IP address attacks.
BitCherry P2Plus work on more underlying IP network layer and the data link layer (which can work simultaneously in Host and router), so P2Plus can easily penetrate any network, firewall, and network fence, greatly improving the accessibility of data transmission.
As it can be seen above, Huawei New IP and BitCherry IPv8 have some similarities like:
1. Background: Both are based on the disadvantages of the traditional Internet, which exist in the background that the traditional Internet is unable to support the connection of massive networked subjects, has low transmission efficiency, instability, and is prone to attacks.
2. Objective: Both are committed to build a more secure, efficient, and open internet, supporting the interconnection of all networks, the interconnection of all things, and precise transmission. It has the characteristics of flexible addressing, efficient operation, safety, and efficiency.
When the reality of traditional internet increasingly becoming unstable, we believe there will be more new technologies that will build with BitCherry for a better future, we also believe, this technology of BitCherry, will become the most dazzling star. The release of new IP, will also have a more active role in the development of BitCherry, the two will work together to accelerate the upgrade of the Internet. Let us look forward to the arrival of web3.0 together!
Between 2009 and the end of 2018 there were roughly 2000 crypto currencies available over the Internet with a total market cap of $145 billion. Leading the pack with the largest blockchain network is Bitcoin with other offerings like Etherium, Tether and Ripple dominating the marketplace as well. As high performing currencies enter the competition like graphene-based coins it is important to differentiate which coins will work for you. That is why choosing a Proof of Use digital currency like TROPTIONS is crucial. Every crypto currency has to have one of these three things: Proof of work, Proof of stake or proof of use. TROPTIONS has proven itself to be the proof of use coin in the world with no competition to dethrone it. Starting at the beginning To begin with let me explain two important things related to TROPTIONS: What does proof of use mean and what is TROPTIONS? Proof of use in cryptocurrency means you are able to make practical use of the digital coins. Practical coins allow you to use your digital currency for everyday transactions. TROPTIONS were born of the restrictive lack of liquidity experienced during transactions that effectively slowed down commerce. This trade dollar allows people to trade their liquid assets within the Bitcoin blockchain ecosystem and also trade the currency for cash to function in transactions outside the system. What is TROPTIONS? Simply put, TROPTIONS is a peer to peer asset supported trade ecosystem. TROPTIONS doesnât limit what you can trade in on the market place seeing as it is accepted in a myriad of industries. The currency has financed small companies, hotels, and other businesses to raise capital for their expansion, growth and continues to help people buy assets through its marketplace platform. TROPTIONS is The Peopleâs Currency TROPTIONS give the holder the ability to transact business without the interference of centralized systems like banks or governments that charge a fee for any transactions they are involved in. It is a crypto currency that is changing the way we run our economies worldwide. How TROPTIONS fit the definition of âthe Peopleâs Currencyâ 1) They give you options in transactions This is a cryptocurrency that can be traded for different digital currencies, US dollars, or used to barter for assets. The currency gives you excellent avenues to conduct business. Buying land and other assets doesnât need to be transacted in the presence of third parties like the banks. And if you need to change your asset for cash you can go ahead and do that after purchasing using TROPTIONS. 2) They have value and increase in value as well As you learn the best practices you can make even more lucrative moves with TROPTIONS. The best practice may mean not selling your troptions immediately you receive them instead hold on to them and let them appreciate in value. Right now, cryptocurrency is easy to get and hard to spend but not TROPTIONS. Using TROPTIONS for transactions is fairly easy compared to using other cryptos because of its bartering aspect and its ability to be exchange on blockchain platforms. At the point of inflection where crypto will be hard to come by and easy to use (like USD and other Fiat currencies are at the moment) TROPTIONS will have increased value. 3) It is widely accepted in business transactions including by the SEC The SEC is hard on registering initial coin offerings. However, TROPTIONS have officially existed as digital currency since December of 2003, with an SEC filing in 2004. This filing gives business people who are transacting everyday business the confidence to use the digital currency with assured security and no interference. Individuals and businesses alike are able to transact business in a more efficient and effective way using TROPTIONS. To be honest, it is a win-win situation for everyone! https://medium.com/@mercyamati...finance-in-africa-b4
We all know the hype is only beginning the for this altseason and the underlining narrative is DeFi. We are in the calm period right before the real fireworks begin in a couple months. Many were lucky to see money fall from the sky with the Uniswap airdrop as they gave free UNI tokens to those that used the exchange. We believe there may another exchange gearing up for a their own token launch and could be planning an airdrop as well. If you like free money, then you are going to want to hear this.
Before we jump into it, here is a quick backstory. Uniswap started off by building an exceptional product. They launched a decentralized exchange in which anyone(the coin creator or a trader) can list a coin and begin executing trades in a fairly easy to use UI. A year or so later the Uniswap exchange is busy with trading actually more volume than Coinbase, a a very large exchange in the U.S.
Thereafter, the Uniswap exchange perform an airdrop of their new UNI token. They gave 400 UNI to every wallet that had traded on the Uniswap exchange. At one point, the UNI token was worth $8.40, which 400 tokens amounted to $3,360 for FREE!
We believe this next exchange could very well complete an airddrop for those that use their exchange.
So what could be a DeFi exchange that has a live product and does not have a coin yet?? The dYdX exchange is primed for such an offering. This is a decentralized exchange exactly like Uniswap and focuses on derivatives built on smart contracts. So it is existing DeFi infrastructure that does not have a token, yet. The dYdX uses borrowing and lending pools to power its exchange exactly how Uniswap uses liquidity provider pools.
So, is it time for free money again? 
In a recent interview with CEO of the dYdX exchange, Antonio Juliano was asked if dYdX would have a token. His response was quite positive that the exchange would soon create one. Juliano stated,
âCertainly weâre paying attention to everything that is going on in the DeFi space. Tokens weâve seen be really valuable both in terms of spurring a lot of growth for platforms. Well of course, we want to grow too so that would be super positive for us. Another thing that I think is really impactful about tokens is how much more power and say they give to the community for the direction of the project which I think is a really positive thing as well. I think it would really benefit dYdX.â He went on to say they are seriously considering it.
Will this Exchange be the next Uniswap Airdrop? Its looking like a yes. That said, you may want to consider putting in for a trade or 2 on the dYdX exchange in preparation for an upcoming airdrop. This could equate to a good amount of free money in the near future.
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