Shopify Integration - BitPay

SQ

I like Square as a company and see a lot of people are bullish about it. However, a few things stop me from investing. Be interested to hear thoughts but at the moment I am a Square bear.
Management
Jack Dorsey is a visionary. I don’t think this is controversial. However, his track record at Twitter is worrying for shareholders. Be it daily active user growth, ambition with acquisitions but ultimately failure to monetise a fantastic platform where you have big corporations, celebrities and even the President reaching out to 200m daily active users for free. With Square, the closed loop business model of businesses and consumers is again a fantastic concept that could break the power of Visa/Mastercard. Execution remains to be seen, of course.
Competition
Square operate in a highly competitive field for consumers and businesses. Let’s take consumers based on Square’s fast-growing Cash App. It offers things a normal bank does like deposits, ATM access, money transfer. If it becomes a fully-fledged bank offering loans, credit; it is competing against the likes of big incumbents (e.g. JP Morgan, Bank of America). Granted they’re dinosaur firms but they already have a huge customer base that are older and, therefore, have more money and deposits. This means it is much easier for them to monetise their customers resulting in high ARPU. Why would these lucrative customers, en-masse, want to uproot their finances to Square when their existing providers will be providing the same service by copying Square, as JP Morgan have done this week? Link
For businesses, Square’s provides software offering (invoicing, PoS, online store) but face strong competition from the likes of Shopify who are taking a fully integrated service approach to SMEs which allows them to take their business online but also manage all their backend processes, including payments. This is a highly convenient service for entrepreneurs. Shopify already has 6% share of the online retail market. Square also provides hardware products which make it easy for SMEs, in particular, to take payments. However, there is evidence that retail is facing a more permanent shift in the US vs. the rest of the world with 60% less footfall today than a year ago Link. 58% of Square’s GPV is from food/drink, retail and professional services. Square may have good market share but it is a shrinking industry.
And as a final piece, competitors in both spaces are generally in very healthy financial shape: Paypal, Shopify, Global Payments, Western Union and big banks are well-capitalised.
Valuation
Perhaps you can get over the above with the fact that Square has strong network effects and are able to win customers cheaply. However, in my opinion, Square is priced for perfection. Simply looking at a price/sales metric, it is trading 13x LTM. This is high but maybe relatively reasonable for a fast-growing business. However, 25% of Square’s revenue is accounted by Bitcoin “revenue”. This brings little value to Square (2% gross profit) and even Square themselves discount this revenue in their KPIs because it is “out of their control and not reflective of Square’s performance”.
Now onto profits. It is not fair to be too hard on Square’s profitability. After all, it is in high growth phase and its marketing costs were its highest opex line item at roughly 35% for YTD. However, a cursory look at it is Enterprise Value / EBITDA (forward look to Dec2020), it is 242x. If we give credit for Square’s business plan for a further two years, today’s Enterprise Value over broker consensus forecast EBITDA for 2022, it is still a heady 77x. This is when Square is supposed to have EBITDA of $1bn which is three times more than it is forecast for Dec 2020. Priced to perfection.
If you compare it to Paypal, it is trading at 39x and 27x EV / EBITDA for Dec 2020 and 2022.
Conclusion
Square has formidable backers like Ark Invest. I am also not a great believer in “dumb retail” overvaluing a stock for a prolonged period of time. But for reasons above, I am cautious with Square and yet it keeps climbing so please tell me what I am missing…
submitted by dellywally to stocks [link] [comments]

Advice needed on a QR code generator for accepting payments

So I need some advice. I'm looking for a QR code generator to make it easy to receive bitcoin payments. My concern is because money is involved, I don't want to unwittingly allow a third party (the QR generator or someone else) to steal any payments being made.
Advice? Sorry I'm still new to this, and I don't think just googling for "best bitcoin QR generator" will necessarily be wise.
submitted by Wraiith303 to Bitcoin [link] [comments]

This seat is occupied.

I’ve been in the ETH community since the very beginning. Hell, since before there even was a community. Pre pre-sale. I was around for the rise and fall of Mt.Gox, Bitcoinica, Havelock Investments, BTCT, Trenton Shavers, and the origination of ‘HODL’. I quit a lucrative job in late 2013 to work at a bitcoin startup, and in 2015 I made a personal transition from BTC to ETH and have been here since. I’m as much of a True Believer as you’re likely to find.
I’m writing this to share my view on where I see this space going and why, like the title alludes, I refuse to give up my seat on this rocket.
After my "lightbulb moment" with the blockchain, I had a simple thesis: given what I saw as the foundations of the technology, it seemed likely that this experiment was going to have a binary outcome: either it was foundational, earth-shaking tech worth untold sums, or it was mostly nonsense. And I resolved to seeing one of those two ends. I think the curious child in me wanted to see what happened when the ignition button was pushed. Whether that resulted in a detonation on the launchpad or a liftoff into orbit. Whatever was going to happen, I’d be there.
So that’s what I’ve done. And will continue to do. That’s not to say I haven’t taken profits, I have - but mostly to salvage some semblance of responsibility as I saw the portion of my net worth held in magic internet money grow. Not because I lost confidence in the technology or its potential. Broadly speaking though, I don't believe we're close to seeing the complete fallout from pushing that button. The reaction is still in-progress and will take years to complete.
As I’ve watched this industry grow, and contract, it remains clear that the genie isn’t going back in the bottle. Crypto truly is a brain virus. Once educated, people understand the value of a scarce, programmable, permissionless, non-sovereign asset and I submit society won’t stop seeing value in this. Now, I believe there's ample evidence to suggest that speculative markets move in cycles. And having been through the peaks and valleys of previous crypto cycles, I am confident we’re in a valley. I’m also confident there will be a future peak. The market is utterly manic, for better or worse.
So I see that a 2017 Ethereum — when app/protocol composability was pure theory, there were no DeFi products whatsoever, enterprise interest was cursory, and the largest, most public demonstration of the tech was collectible digital cats — had people tripping over themselves trying to buy at prices almost 10x higher than they are today. I can’t help but think: if the 2017 fundamentals provided enough of a platform to support the speculative rise we saw to peak prices, what will it look like when the price gets out ahead of current fundamentals? Where we’re in the midst of a Cambrian Explosion of composable apps/protocols, a serious (and growing) portion of total supply locked in DeFi, PoS right around the corner poised to gobble up even more supply, more money legos, more devs, more mindshare. We are in an entirely different realm where fundamentals are concerned.
Crypto peaked in 2017 at shy of $1T. If you don’t think the story so far points to crypto being a multi-trillion dollar asset class in the future, I’m not sure what story you’ve been reading. In comparison, the Dotcom bubble brought peak valuations to $6-7T (inflation adjusted.) This all in a silo’d market where the primary participants were those with access to US equities and early stage investment opportunities. Crypto is global. It’s unrestricted and has no minimums. And it has multiple narratives, which are ultimately additive, that all command their own monetary premium. The SoV aspect is independent from the need to pay for contract execution, yet both work in concert driving demand.
Unless the genie does retreat back into the bottle, I believe we will see prices move out in front of fundamentals yet again. Just like in 2011, 2013, and 2017. Thoughtful people are understandably reluctant to throw-in with what seem like pipe dream valuations. They sound too good to be true. Naive, even. I’ll be the first to admit, talking about returns using an ‘x’ instead of a ‘%’ should always be met with skepticism. But there are two factors at play which I feel are under-appreciated that can (and will) legitimately drive returns of those magnitudes:
Liquidity and reflexivity.
In comparison to other financial markets, crypto markets are extremely illiquid. Not necessarily for retail investors who can move a few hundred thousand around with minimal price slippage, but for the sovereign wealth funds, endowments, pension funds — aka Institutional Money™, it’s a different story. A lot of people talk about how crypto will only rise once institutional money arrives. The reality is that crypto needs to grow in order for institutional money to arrive. This transition from illiquid to liquid is a one-way street and will continue to be responsible for profound price moves as illiquidity is the primary reason crypto prices move as intensely as they do. Sellers are always trying to get the most value for their assets, so if you want Asset X right this minute, you’re going to pay out the nose for it if there isn't sufficient supply when you want it. And having that short time preference leads me to...
Reflexivity, which is especially pronounced in this industry because the two driving components, sentiment and trading based on that sentiment, now both move instantaneously. It’s like this cartoon, but everything moves at the speed of light. Once sentiment changes (which will inevitably happen if you believe in market cycles), the air will get sucked out of the room at a blistering pace. This is where FOMO really ramps up and it grips everyone from fund managers to middle-schoolers. Global fund managers to global middle-schoolers. The result is light-speed FOMO mixed with light-speed trading of an illiquid underlying asset, aka the perfect recipe for face-melting price moves.
Long story short, I think crypto is a gift to this generation. Do with this gift what you will. But when the music stops and the sentiment shifts, I hope you've found your seat. They'll go in a hurry.
submitted by Naviers_Stoked to ethfinance [link] [comments]

How to choose a Bitcoin payment gateway and start accepting BTC at your store?

How to choose a Bitcoin payment gateway and start accepting BTC at your store?
Nowadays cryptocurrencies become more and more popular among retail and service companies all over the world. But so far there has not been a high-quality tool that would help you to choose right payment gateway with all necessary functions that you would like to implement into your business.
So, Cryptwerk.com comes to help you!
Our catalogue lists more than 70+ different companies with crypto processing service. Use this link to enter the gateway directory:
https://cryptwerk.com/companies/payment-gateway/
How yo choose a crypto payment gateway for your business?
1. Cryptocurrencies
You must first decide what cryptocurrencies you want to accept.
Use our filters to select those gateways that provide their service with the coins of your choice.
Cryptwerk currently lists 22 most popular cryptocurrencies, including Bitcoin.

https://preview.redd.it/a159bm5ok2f41.png?width=270&format=png&auto=webp&s=d5fc9aa14ace542caee769247562384cf2a039d0
You can choose one or several coins, and our website will show you a list of gateways according to your request.
2. Interface
Modern gateways provide various types of services focused on various types of business
Wallet (web or application), ready-made plugins for CMS, various widgets & buttons, POS terminals for offline retailers, sending invoices by email or sms, donation functions.
https://preview.redd.it/pi1xmzvrk2f41.png?width=254&format=png&auto=webp&s=c77f6574391315163d86e76b6866a9e4ba94b630
3. CMS plugins
This option is very useful for people who are using a Content Management System in their work with the website.
With our filters you can find a gateway with the ready-made solution for your CMS.
Thus, the installation will be very quick and easy!
https://preview.redd.it/yrj4pxstk2f41.png?width=265&format=png&auto=webp&s=5a41944920efde92e906f03f464fc95e2dcaad70
Just look at the CMS list supported by cryptographic gateways:
aMember Pro, AppThemes, Arassta, bbPress, BIGcommerce, Blesta, BOX billing, CB paid, Checkfront, CS.cart, DJ-Classifieds, Drupal Commerce, Easydigitaldownloads, ECWID, Event espresso, EventBooking, GIVE donations, HikaSHop, HostCMS, HTML5, Imagine, J2 store, Jigoshop, Joomla, LOADED commerce, Magento, ocStore, Opencart, OScommerce, NATS4, NCR, nopCommerce, PaidMembershipsPro, Payplans, phpMySQL, Planyo, Poster, PrestaShop, RedShop, R_keeper, Shop-Script, Shopify, Shopware, SpreeCommerce, SPY, Sylius, TheCartPress, Thirty Bees, Tomato Cart, Typo3 Multishop, VirtueMart, UberCart, uCommerce, Unique free, Waimea business, WCmarketplace, WHMOS, WooCommerce, Wordpress, WP eCommerce, Wpmudev, XCART, ZENcart, 1С.
4. Lightning network
Some gateways already use network lightning technology. Here you can filter out the companies that provide this service with Bitcoin and Litecoin.
https://preview.redd.it/bv02jdmyk2f41.png?width=264&format=png&auto=webp&s=6fc119562592f6bcf74d04a23681d109229b7098
Using our catalogue and filters you can choose the exact payment gateway that will meet the needs of your business.
Also, here you can see the rating of payment gateways according to our data. The rating depends on gateway popularity among merchants registered on Cryptwerk.com
https://preview.redd.it/scb70wr1l2f41.png?width=579&format=png&auto=webp&s=54e8a9d554955b7739d5e16be2056cd0df2d6f9e
We can mark first 5 companies that are most popular among our merchants.
You can safely use any of these gateways, each of which provides quality service proven by thousands of merchants.
We hope this article will be useful to all merchants who are thinking of starting to accept Bitcoin, and other popular cryptocurrencies.
submitted by Cryptwerk to Bitcoin [link] [comments]

70+ crypto gateways for your store/business. How to choose and start accepting cryptocurrencies?

70+ crypto gateways for your store/business. How to choose and start accepting cryptocurrencies?
Nowadays cryptocurrencies become more and more popular among retail and service companies all over the world. By our statistics we observe monthly growth of stores, markets, services, websites accepting cryptocurrencies as a payment.
But so far there has not been a high-quality tool that would help you to choose right payment gateway with all necessary functions that you would like to implement into your business.
So, Cryptwerk.com comes to help you!
Our catalogue lists more than 70+ different companies with crypto processing service.
Use this link to enter the gateway directory.
https://cryptwerk.com/companies/payment-gateway/
1. Cryptocurrencies
You must first decide what cryptocurrencies you want to accept.
Use our filters to select those gateways that provide their service with the coins of your choice.
Cryptwerk currently lists 22 most popular cryptocurrencies:
Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dash, Dogecoin, XRP, Monero, Ethereum Classic, Zcash, Tron, Digibyte, EOS, Qtum, Bitcoin Gold, NEO, Binance Coin, Decred, Verge, Groestlcoin, Bytecoin, Komodo.

https://preview.redd.it/eh44eqye8ze41.png?width=273&format=png&auto=webp&s=84f46f4405daba9923967e6977653ebaca21ac70
You can choose one or several coins, and our website will show you a list of gateways according to your request.
2. Interface
Modern gateways provide various types of services focused on various types of business
Wallet (web or application), ready-made plugins for CMS, various widgets & buttons, POS terminals for offline retailers, sending invoices by email or sms, donation functions.
https://preview.redd.it/0bxttzmg8ze41.png?width=254&format=png&auto=webp&s=239cd34d872377c2ff19edaaf79a74572e8f94fc
3. CMS plugins
This option is very useful for people who are using a Content Management System in their work with the website.
With our filters you can find a gateway with the ready-made solution for your CMS.
Thus, the installation will be very quick and easy!
Just look at the CMS list supported by cryptographic gateways:
aMember Pro, AppThemes, Arassta, bbPress, BIGcommerce, Blesta, BOX billing, CB paid, Checkfront, CS.cart, DJ-Classifieds, Drupal Commerce, Easydigitaldownloads, ECWID, Event espresso, EventBooking, GIVE donations, HikaSHop, HostCMS, HTML5, Imagine, J2 store, Jigoshop, Joomla, LOADED commerce, Magento, ocStore, Opencart, OScommerce, NATS4, NCR, nopCommerce, PaidMembershipsPro, Payplans, phpMySQL, Planyo, Poster, PrestaShop, RedShop, R_keeper, Shop-Script, Shopify, Shopware, SpreeCommerce, SPY, Sylius, TheCartPress, Thirty Bees, Tomato Cart, Typo3 Multishop, VirtueMart, UberCart, uCommerce, Unique free, Waimea business, WCmarketplace, WHMOS, WooCommerce, Wordpress, WP eCommerce, Wpmudev, XCART, ZENcart, 1С.
https://preview.redd.it/cukjy4wk8ze41.png?width=265&format=png&auto=webp&s=e4ef8a9ee89cfd93fb2aedf8290c73bce6df9354
4. Lightning network
Some gateways already use network lightning technology. Here you can filter out the companies that provide this service with Bitcoin and Litecoin.

https://preview.redd.it/3ffrhytm8ze41.png?width=264&format=png&auto=webp&s=1891680a37fcd431bbe32204021590d687bb491e
Using our catalogue and filters you can choose the exact payment gateway that will meet the needs of your business.
Also, here you can see the rating of payment gateways according to our data. The rating depends on gateway popularity among merchants registered on Cryptwerk.com
https://preview.redd.it/yh2p2dun8ze41.png?width=579&format=png&auto=webp&s=77c41d705ebd8f52f22de7d18b491b315850db92
We can mark first 5 companies that are most popular among our merchants.
You can safely use any of these gateways, each of which provides quality service proven by thousands of merchants.
We hope this article will be useful to all merchants who are thinking of starting to accept Bitcoin, Ethereum, Litecoin and other popular cryptocurrencies.
submitted by Cryptwerk to CryptoCurrencies [link] [comments]

Shopify integrates Coinbase for its 100k+ merchants

Shopify integrates Coinbase for its 100k+ merchants submitted by bitgear to Bitcoin [link] [comments]

r/Bitcoin recap - August 2019

Hi Bitcoiners!
I’m back with the 32nd monthly Bitcoin news recap.
For those unfamiliar, each day I pick out the most popularelevant/interesting stories in Bitcoin and save them. At the end of the month I release them in one batch, to give you an overview of what happened in bitcoin over the past month.
You can see recaps of the previous months on Bitcoinsnippets.com
A recap of Bitcoin in August 2019
Adoption
Development * Bitcoin Core Developer Andrew Chow is straming his code tests on Twitch (7 Aug)
Security
Mining
Business
Education
Regulation & Politics
Archeology (Financial Incumbents)
Price & Trading
Fun & Other
submitted by SamWouters to Bitcoin [link] [comments]

Shopify now accepting bitcoin :)

Shopify now accepting bitcoin :) submitted by gtir123 to Bitcoin [link] [comments]

Beginners guide to Syscoin (SYS) and why you should be investing in this cryptocurrency in 2018

What is Syscoin?

Some have described Syscoin (SYS) as the Shopify, Amazon and Ebay of the blockchain world. Syscoin is a revolutionary cryptocurrency that offers near zero cost financial transactions, incredible speed and provides businesses the infrastructure to trade goods, assets, digital certificates and data securely. Syscoin isn’t just about money and trading, it has the ability to attract various business types thanks to its native set of features geared towards business on the blockchain. From eBay traders and High Street shops to Medical applications, Insurance and Gaming, Syscoin’s decentralized network benefits everyone!
Syscoin is developed by Blockchain Foundry (BF). BF provides blockchain technology based services, projects and products for a wide variety of use cases with the stated aim of disrupting markets by leveraging the potential of blockchain technology. Syscoin is mainly known to be the first cryptocurrency to offer a fully decentralized marketplace based on blockchain. What is lesser known is that this is only a part of what Syscoin offers.
With the introduction of Masternodes in February or March 2018 SYS will be transformed from just a ’marketplace coin’ to a completely ‘utilitarian coin’. The Masternode infrastructure allows the addition of decentralized databases and file storage, increased transaction speed to surpass POS/Visa/Mastercard capabilities, true Turing complete smart contract capabilities for unlimited business logic, sidechains, application layers and an identity layer. This will all be accessible through an API, rather than a new language, enabling nearly any developer to create any blockchain application they can conceive. This will usher in the next generation of blockchain applications - made for new or existing businesses - by conveniently offering everything available from the blockchain space today.

SYS Origin

The blockchain as conceptualized by Satoshi Nakamoto back in 2008 envisioned a peer-to-peer electronic cash network that would prevent double-spending. A year later, the blockchain became an integral part of bitcoin, serving as the latter's public ledger of transactions. Although Nakamoto's reference client mentioned a decentralized marketplace service, the subsequent implementation did not incorporate this due to a lack of resources.
Syscoin was initially described in a 2014 draft whitepaper that envisioned Decentralized Marketplace Creation, Decentralized Smart Contracts and Documents, Decentralized Certificate Issuance and Transfer, and Decentralized Data Storage and Retrieval, as among the services that it would offer upon its release.
Syscoin aimed to bring Nakamoto's vision of a decentralized marketplace back into the blockchain, among the other commercial-grade services it aims to deliver to clients. Other services that Syscoin plans to provide include secure data storage and transfer, and unique user aliases that link their owners to the services controlled by the alias.
The early Syscoin wallet was superseded by the release of Blockmarket Desktop 1.0 on September 12, 2017, marking the culmination of Syscoin's vision of a fully decentralized marketplace with a desktop GUI based on the blockchain.
The planned release of Blockmarket Web, a fully web-based version, and Blockmarket Professional in 2018 takes that vision one step further, as more advanced seller stores become a reality.

The Team

The Team that NEVER quits! Before the launch of Syscoin (Q3 2014), there was a presale ICO by Moolah (as a partner), which turned out to be detrimental for Syscoin. The project raised around 1,000BTC for development but the Syscoin Team only managed to access 250BTC which were used for price support. Moolah (Ryan Kennedy) absconded with the bulk of the ICO funds and the Syscoin team were left with ~30million Syscoin at a price around 400 satoshi. Even after this tragic event, the devs didn’t quit and continued to work on the project without stopping. The case against Moolah is still on-going. See the article from CoinDesk here: http://www.coindesk.com/uk-court-syscoin-injunction-moolah-750-btc/.
What is this detail telling us about the dev team? While some crypto projects are just scams and bring little to no innovation, they’ve proven that they are in it for the long term - ably demonstrated by the fact that they continued to work despite their funds being stolen. And now that hard work is beginning to pay off with the entire team going full-time for the first time in January 2018 and new developers being hired following VC funding for BF.

Team Page: https://syscoin.org/team/

Blockchain Foundry Products

https://www.blockchainfoundry.co/products

What is Blockmarket Desktop?

Building on the World's First Decentralized Marketplace, Blockmarket is the newest generation of Syscoin's Desktop wallet with a complete, state-of-the-art marketplace built-in where you can securely and reliably buy and sell any items you wish. Entire stores can be created directly through the marketplace where you can sell your own products or re-sell others’ products for commission. Use of blockchain technology eliminates middlemen, credit card fees, maintenance fees, downtime and political interference. Persons are literally able to buy or sell anything to anyone, anytime, anywhere on Earth! Blockmarket Desktop was launched on September 12, 2017.

Key Blockmarket Features

• Price Pegging to currencies such as USD, EUR, GBP, CAD, CNY and BTC
• Bitcoin and Zcash as payment options
• Arbitrated Escrow
• Encrypted Messaging
• KYC/AML Compliance
• Images
• Unlimited Inventory Items

Name Aliases

Wallet addresses for cryptocurrencies generally consist of a unique string of between 27-34 alphanumeric characters. Such an address isn’t easy to memorize. Although the addresses can be added to an address book within the wallet, Syscoin has taken the user's convenience one step further, allowing you to create a unique Alias for your wallet address, such as a name, title, or characters specific to a username. These can be used to send SYS from home, to a mobile wallet, to work, to friends, to common suppliers or to repeat customers easily, without requiring any memorizing, writing it down, copy & pasting or emailing yourself the address.

Digital Certificates

Using the cryptography of the blockchain persons can issue, authorize, and exchange digital certificates of any kind. With Syscoin anyone can issue provably-unique certificates with text or ASCII content to one or multiple parties on the Syscoin blockchain. These certificates can be authenticated by anyone via Syscoin’s cryptographic proof of work. This allows for the creation and free exchange of any kind of digital asset such as ownership certificates, warranties, receipts, tickets, certifications, diplomas, software licenses and more.

Integrated Exchanges

Integrated Crypto exchanges - Flypme and Changelly will facilitate exchanging 30+ cryptos for SYS, directly within the Blockmarket wallet.

Security Audit Verified

Blockmarket was successfully and independently security audited by Digital Boundary Group and was deemed low risk. Audit Results: [https://medium.com/@BlockchainFoundry/blockmarket-security-audit-results-and-next-steps-f69f94f149bf]

Blockmarket Web – (The Key to Mass Adoption)

BM web will bring SYS’s existing decentralized marketplace and all its features into a web-based version, enabling ease of use with a simple email and password login (grandma friendly) without any need for downloading a wallet or waiting for sync. Blockmarket web will be launched in February 2018.

Key Syscoin Developments

Masternodes

Ability for world-class transactions-per-second performance to scale-out with added nodes (theoretically 100k TPS per 1000 Masternodes, 300k TPS/3k masternodes, etc). In later releases, masternodes will also process smart contracts and facilitate sharded+encrypted offchain file-storage (with onchain anchors), among other touted functionality. They should also result in steadying the price movements - less volatility as holding will be incentivized

Smart Contracts

Scalable Ethereum Virtual Machine: Allows Turing complete smart contracts to be executed following the ethereum protocol at a much faster speed and at a fraction of the ethereum gas price.

Assets & Token Issuance

With its token issuance service, Syscoin allows anyone to create a custom asset token which can then be sent directly to anyone else on the network. This facilitates a variety of use cases including ICO token issuance, supply chain management, reward points, and loyalty programs.

Anonymous Transactions

Anonymous transactions: via mixing/shuffling at user-specified denomination. Afterwards, additional tech will be added in the near future which will further compound the degree of anonymity provided -Add ValueShuffle running on top of the masternode layer and you have the world's most advanced privacy tech in any coin. This brings true money fungibility to Syscoin and the missing link for true economic sovereignty. https://twitter.com/realSidhuJag/status/948588279540035584

Instant Send

Transactions can be sent and received instantly. This represents a similar sending capability as Dash, but is a step beyond- A type of backend node locking will allow an instantly received sum to be sent immediately, without delay, and without network risk of double-spend.

Why Invest in Syscoin?

https://medium.com/@StevenVoros88/the-most-undervalued-project-in-the-crypto-world-not-for-long-96814ac66b08 https://medium.com/@danieljasonwestby/syscoin-the-hidden-gem-of-2018-96f973b81b9 https://twitter.com/Asbsvc/status/939959284246380545 https://twitter.com/CryptoBulld0g/status/935915911776784384 https://medium.com/@BlockchainFoundry/syscoin-to-disrupt-ebay-and-real-estate-industries-96aa55ef709a https://medium.com/@thecryptojournal.com/top-crypto-investment-for-2017-b99656491c6f https://www.youtube.com/watch?v=VNDprLJhGys

Merchants

https://medium.com/@BlockchainFoundry/merchant-pilot-program-update-7479fe451639

Partnerships

(Microsoft Azure)[https://azure.microsoft.com/en-us/blog/syscoin-joins-azure/]

Decentralized Identity Foundation

https://medium.com/@BlockchainFoundry/consensus-decentralized-identity-foundation-blockmarket-beta-3-beyond-6f830419ea55

White Paper

http://syscoin.org/whitepaper.pdf
Note: It is anticipated that the whitepaper will be updated by the team in the near future due to recent developments

Roadmap

http://syscoin.org/images/roadmap_2018__1024.png

Blockchain Application Development Architecture

https://cdn-images-1.medium.com/max/1200/1*bUO6_nRI7q805edG59e0DQ.png

Feature List 2017 & 2018

https://pbs.twimg.com/media/DUJwbI_X4AI3QL_.jpg

Where to Buy

• Bittrex • Poloniex • Upbit • Tux Exchange • Livecoin • Yobit • AEX • Bittylicious • Changelly • Flyp.me

Wallets

• Block Market Wallet 1.2 – Windows and Mac. Download from https://syscoin.org/
• QT Wallet for Developers: Download from https://github.com/syscoin/syscoin2/releases/tag/2.1.6
• Coinomi – Syscoin MultiCoin Wallet (only supports send/receive)
• HolyTransaction – Syscoin Multicoin Web Wallet (desktop & android)

Other Sources

https://syscoin.org/ https://twitter.com/syscoin https://www.blockchainfoundry.co/ https://en.wikipedia.org/wiki/Syscoin
Disclaimer This post was created particularly to aid those who are new to Syscoin. Please note that the content provided within this post is for information purposes only and is not to be construed as investment advice.
submitted by one22manytimes to CryptoCurrency [link] [comments]

[FULOOSCOIN] Welcome to our Community and everything you need to know in a few minutes.

What is Fuloos Coin and why should we use it?

Fuloos Coin is an open-source digital currency, allowing merchants and users across the globe to send transactions fast and with low fees. We officially released Fuloos Coin on December 1st, 2017.
We are the next digital currency that uses the Scrypt Algorithm to allow users to transact their funds fast and with low fees across the world without delays with the ability to stake your coins to earn interest on your funds.
Fuloos Coin has grown a lot since we started in 2017, reaching other 20,000+ members supporting the community and the development team for the future of the Fuloos making us the most affordable cryptocurrencie for merchants and users around the world making it easier to pay for services, friends or employees with almost instant transactions.
Our main infrastructure is backed by multiple dedicated nodes to insure our network never goes down and allowing users to use Fuloos Coin any time of the day providing a secure and reliable environment for merchants with no downtime what's so ever.

Where can I buy Fuloos Coins?

Here's a list of the current exchange platforms that allow you to trade FLS with different cryptocurrencies:
We are hoping to be listed on many more exchanges over the coming weeks to improve the accessibility of purchasing coins and daily trading for Fuloos.
Any other questions regarding this? Please, contact one of the team members in one of the social chats we provide.

What is staking?

Staking also known as Proof-of-Stake or POS, is the ability for Fuloos Coin holders to earn interest on their funds with our inbuilt stake-miner into our desktop wallets which allows our network to run smoothly with our community support by validating transactions or by mining blocks just by keeping your wallet open.
For example, if I had 1000 Fuloos Coin's and if the transaction's dates have been longer than seven days, I could potentially earn 0.85 Fuloos Coin's every 10 minutes.
Technical Specifications:
If you would like to know more information about staking your funds, you can use our own calculator to find out how much you can earn.
Proof-of-Stake Calculator

Where can I store my coins?

There are several options on places to store your coins, starting from the exchange platforms which have inner wallets like Stocks.Exchange. However, the most secure way to store your coins is to keep it in outside wallets. Here’s a list of wallet options to store your coins:
Choose the best option that is suitable for you and don’t feel shy to ask us for help when setting up your wallet. Please, understand that your wallet is a source where you store your funds. Take it seriously, use all the available protection methods (backups, 2FA, complicated passwords).

Are there any local communities presented in my native language?

Definitely, Fuloos Coin is a cryptocurrencie with supporters all over the world. Be the first one to hear news in your native language and meet other users in our community!
You can see our community managers via our official team page on our website and also can ask questions in our chats to speak one of the community managers directly, if you have any suggestions for the Fuloos Team or your local community.

Can I use Fuloos Coin as a payment method? Is it possible to spend the coins in a store, shop, hotel, etc.?

Of course, you can purchase items or buy goods/services using Fuloos. We are currently working on our new merchant platform which will allow online store owners to accept Fuloos easily using a created plugin by our development team.
Popular E-commerce Platforms will be supported:
If you are a developer and would like to help create service or integrate Fuloos into your own website, you can use the created PHP Class created by LiteSpeed to make it easier to install and use, there will also be a c++ version released soon for programs integration.
https://github.com/LiteSpeedDev/FuloosRPC/

Social Links & Community Chats.

Following our social media and joining our community chats will allow you to keep up to date with the Fuloos Development and News relating to Fuloos Partners and Announcements.
The Fuloos team is glad to welcome every new user into our community. Join our family to be a part of one of the most prospective cryptocurrencies and enjoy it!
Yours truly,
LiteSpeed, CryptoKnight & the Fuloos Team.
submitted by Fuloos to Fuloos [link] [comments]

Useful Beginner's Guide to Syscoin

What is Syscoin?

Some have described Syscoin (SYS) as the Shopify, Amazon and Ebay of the blockchain world. Syscoin is a revolutionary cryptocurrency that offers near zero cost financial transactions, incredible speed and provides businesses the infrastructure to trade goods, assets, digital certificates and data securely. Syscoin isn’t just about money and trading, it has the ability to attract various business types thanks to its native set of features geared towards business on the blockchain. From eBay traders and High Street shops to Medical applications, Insurance and Gaming, Syscoin’s decentralized network benefits everyone!   Syscoin is developed by Blockchain Foundry (BF). BF provides blockchain technology based services, projects and products for a wide variety of use cases with the stated aim of disrupting markets by leveraging the potential of blockchain technology. Syscoin is mainly known to be the first cryptocurrency to offer a fully decentralized marketplace based on blockchain. What is lesser known is that this is only a part of what Syscoin offers.   With the introduction of Masternodes in February or March 2018 SYS will be transformed from just a ’marketplace coin’ to a completely ‘utilitarian coin’. The Masternode infrastructure allows the addition of decentralized databases and file storage, increased transaction speed to surpass POS/Visa/Mastercard capabilities, true Turing complete smart contract capabilities for unlimited business logic, sidechains, application layers and an identity layer. This will all be accessible through an API, rather than a new language, enabling nearly any developer to create any blockchain application they can conceive. This will usher in the next generation of blockchain applications - made for new or existing businesses - by conveniently offering everything available from the blockchain space today. In simple terms think Dash + Ethereum/Lisk + Monero + Nano + Storj + Particl capabilities all in one coin!    

SYS Origin

The blockchain as conceptualized by Satoshi Nakamoto back in 2008 envisioned a peer-to-peer electronic cash network that would prevent double-spending. A year later, the blockchain became an integral part of bitcoin, serving as the latter's public ledger of transactions. Although Nakamoto's reference client mentioned a decentralized marketplace service, the subsequent implementation did not incorporate this due to a lack of resources.   Syscoin was initially described in a 2014 draft whitepaper that envisioned Decentralized Marketplace Creation, Decentralized Smart Contracts and Documents, Decentralized Certificate Issuance and Transfer, and Decentralized Data Storage and Retrieval, as among the services that it would offer upon its release.   Syscoin aimed to bring Nakamoto's vision of a decentralized marketplace back into the blockchain, among the other commercial-grade services it aims to deliver to clients. Other services that Syscoin plans to provide include secure data storage and transfer, and unique user aliases that link their owners to the services controlled by the alias.   The early Syscoin wallet was superseded by the release of Blockmarket Desktop 1.0 on September 12, 2017, marking the culmination of Syscoin's vision of a fully decentralized marketplace with a desktop GUI based on the blockchain.   The planned release of Blockmarket Web, a fully web-based version, and Blockmarket Professional in 2018 takes that vision one step further, as more advanced seller stores become a reality.    

The Team

The Team that NEVER quits! Before the launch of Syscoin (Q3 2014), there was a presale ICO by Moolah (as a partner), which turned out to be detrimental for Syscoin. The project raised around 1,000BTC for development but the Syscoin Team only managed to access 250BTC which were used for price support. Moolah (Ryan Kennedy) absconded with the bulk of the ICO funds and the Syscoin team were left with ~30million Syscoin at a price around 400 satoshi. Even after this tragic event, the devs didn’t quit and continued to work on the project without stopping. The case against Moolah is still on-going. See the article from CoinDesk here: http://www.coindesk.com/uk-court-syscoin-injunction-moolah-750-btc/.   What is this detail telling us about the dev team? While some crypto projects are just scams and bring little to no innovation, they’ve proven that they are in it for the long term - ably demonstrated by the fact that they continued to work despite their funds being stolen. And now that hard work is beginning to pay off with the entire team going full-time for the first time in January 2018 and new developers being hired following VC funding for BF.
View Team Page.    

Blockchain Foundry Products

BF Products    

What is Blockmarket Desktop?

Building on the World's First Decentralized Marketplace, Blockmarket is the newest generation of Syscoin's Desktop wallet with a complete, state-of-the-art marketplace built-in where you can securely and reliably buy and sell any items you wish. Entire stores can be created directly through the marketplace where you can sell your own products or re-sell others’ products for commission. Use of blockchain technology eliminates middlemen, credit card fees, maintenance fees, downtime and political interference. Persons are literally able to buy or sell anything to anyone, anytime, anywhere on Earth! Blockmarket Desktop was launched on September 12, 2017. Download Blockmarket Desktop 1.2    

Key Blockmarket Features

- Decentralized Marketplace

The marketplace platform provides a decentralized and high redundant channel for selling goods and services. Features include: • Price Pegging to currencies such as USD, EUR, GBP, CAD, CNY and BTC • Bitcoin and Zcash as payment options • Arbitrated Escrow • Encrypted Messaging • KYC/AML Compliance • Images • Unlimited Inventory Items  

- Name Aliases

Wallet addresses for cryptocurrencies generally consist of a unique string of between 27-34 alphanumeric characters. Such an address isn’t easy to memorize. Although the addresses can be added to an address book within the wallet, Syscoin has taken the user's convenience one step further, allowing you to create a unique Alias for your wallet address, such as a name, title, or characters specific to a username. These can be used to send SYS from home, to a mobile wallet, to work, to friends, to common suppliers or to repeat customers easily, without requiring any memorizing, writing it down, copy & pasting or emailing yourself the address.  

- Digital Certificates

Using the cryptography of the blockchain persons can issue, authorize, and exchange digital certificates of any kind. With Syscoin anyone can issue provably-unique certificates with text or ASCII content to one or multiple parties on the Syscoin blockchain. These certificates can be authenticated by anyone via Syscoin’s cryptographic proof of work. This allows for the creation and free exchange of any kind of digital asset such as ownership certificates, warranties, receipts, tickets, certifications, diplomas, software licenses and more.  

- Integrated Exchanges

Integrated Crypto exchanges - Flypme and Changelly will facilitate exchanging 30+ cryptos for SYS, directly within the Blockmarket wallet.  

- Security Audit Verified

Blockmarket was successfully and independently security audited by Digital Boundary Group and was deemed low risk. View Audit Results.    

Blockmarket Desktop – Quickstart Tutorials (16 short vids)

BM Desktop – Quickstart Tutorials    

Blockmarket Web – (The Key to Mass Adoption)

BM web will bring SYS’s existing decentralized marketplace and all its features into a web-based version, enabling ease of use with a simple email and password login (grandma friendly) without any need for downloading a wallet or waiting for sync. Blockmarket web will be launched in Q1 2018.   This launch will be accompanied by a marketing campaign roll-out that seeks to build brand recognition with audiences within the existing crypto ecosystem and more significantly with the broader, global, non-crypto audience. For this reason Ballistic Arts, a full-service marketing agency was retained by BF. BF Engages Marketing Agency    

Primary Target Market + Value Potential

The primary target market for BF’s Syscoin/Blockmarket web flagship is the retail e-commerce industry. This sets up their decentralized marketplace to rival such commercial giants as Amazon ($648B market cap), Alibaba ($453B market cap) and eBay ($43B market cap). According to eMarketer’s Worldwide Retail and Ecommerce Sales report, global retail e-commerce sales for 2017 were $2.3 Trillion. This is expected to reach an estimated $4 Trillion by 2020 reflecting the rapid growth within this sector.   To perform a very simple assessment of the Syscoin/Blockmarket web’s potential let’s assume that a 1% portion of the forecasted $4 trillion market is captured, which represents $40 billion in revenue. Assuming a sales to market cap ratio of 1:1 for simplicity, the circulating supply of 531 million SYS, with a $40 billion market cap yields a price of roughly $75 per coin. However, with masternodes that limit the circulating supply and token utility that extends beyond retail e-commerce, the SYS price could likely reach much higher. Please note that these are just very simple assumptions and projections for this exercise, however the real world driven potential that this project has is clearly evident.    

Key Syscoin Developments

- Z-DAG: Zero Confirmation Transactions with Double Spend Protection (WORLD’S FIRST)

View Developer’s Twitter post View Syscoin’s Twitter post  

- Masternodes

Ability for world-class transactions-per-second performance to scale-out with added nodes (theoretically 100k TPS per 1000 Masternodes, 300k TPS/3k masternodes, etc). In later releases, masternodes will also process smart contracts and facilitate sharded+encrypted offchain file-storage (with onchain anchors), among other touted functionality. They should also result in steadying the price movements - less volatility as holding will be incentivized.  

- Masternode Rewards + Min. Hardware Specs

Masternode Rewards + Min. Hardware Specs Masternode ROI Calculator  

- Smart Contracts

Scalable Ethereum Virtual Machine: Allows Turin complete smart contracts to be executed following the ethereum protocol at a much faster speed and at a fraction of the ethereum gas price.  

- Assets & Token Issuance

With its token issuance service, Syscoin allows anyone to create a custom asset token which can then be sent directly to anyone else on the network. This facilitates a variety of use cases including ICO token issuance, supply chain management, reward points, and loyalty programs.  

- Anonymous Transactions

Anonymous transactions: via mixing/shuffling at user-specified denomination. Afterwards, additional tech will be added in the near future which will further compound the degree of anonymity provided -Add ValueShuffle running on top of the masternode layer and you have the world's most advanced privacy tech in any coin. This brings true money fungibility to Syscoin and the missing link for true economic sovereignty. View Developer’s Twitter post.  

- Instant Send

Transactions can be sent and received instantly. This represents a similar sending capability as Dash, but is a step beyond- A type of backend node locking will allow an instantly received sum to be sent immediately, without delay, and without network risk of double-spend.    

Why Invest in Syscoin?

 

Merchants

Merchant Pilot Program    

Partnerships

Development Updates

White Paper

White Paper.pdf Note: It is anticipated that the whitepaper will be updated by the team in the near future due to recent developments    

Roadmap

Roadmap 2017-2018.png    

Blockchain Application Development Architecture

Blockchain Application Development Architecture.png    

Feature List 2017 & 2018

Feature List 2017 & 2018.jpg    

Where to Buy

BittrexPoloniexUpbitTux ExchangeLivecoinYobitAEXBittyliciousChangellyFlyp.me    

Wallets

• Block Market Wallet 1.2 – Windows and Mac. Download from https://syscoin.org/ • QT Wallet for Developers: Download from https://github.com/syscoin/syscoin2/releases/tag/2.1.6Coinomi – Syscoin MultiCoin Wallet (only supports send/receive)HolyTransaction – Syscoin Multicoin Web Wallet (desktop & android)    

Need Help or Want to Contribute?

If you need help for an important wallet issue or if you want to know how you can contribute in promoting Syscoin Join the Slack channel where the SYS team and community members are active, helpful and responsive.    

Credit To

Other Sources

https://syscoin.org/ https://twitter.com/syscoin https://www.blockchainfoundry.co/ https://en.wikipedia.org/wiki/Syscoin    

Last Updated

This post was last updated on Feb 10 2018.    

Disclaimer

This post was created particularly to aid those who are new to Syscoin. Please note that the content provided within this post is for information purposes only and is not to be construed as investment advice.
submitted by idbrews to SysCoin [link] [comments]

Decred Journal — May 2018

Note: New Reddit look may not highlight links. See old look here. A copy is hosted on GitHub for better reading experience. Check it out, contains photo of the month! Also on Medium

Development

dcrd: Significant optimization in signature hash calculation, bloom filters support was removed, 2x faster startup thanks to in-memory full block index, multipeer work advancing, stronger protection against majority hashpower attacks. Additionally, code refactoring and cleanup, code and test infrastructure improvements.
In dcrd and dcrwallet developers have been experimenting with new modular dependency and versioning schemes using vgo. @orthomind is seeking feedback for his work on reproducible builds.
Decrediton: 1.2.1 bugfix release, work on SPV has started, chart additions are in progress. Further simplification of the staking process is in the pipeline (slack).
Politeia: new command line tool to interact with Politeia API, general development is ongoing. Help with testing will soon be welcome: this issue sets out a test plan, join #politeia to follow progress and participate in testing.
dcrdata: work ongoing on improved design, adding more charts and improving Insight API support.
Android: design work advancing.
Decred's own DNS seeder (dcrseeder) was released. It is written in Go and it properly supports service bit filtering, which will allow SPV nodes to find full nodes that support compact filters.
Ticket splitting service by @matheusd entered beta and demonstrated an 11-way split on mainnet. Help with testing is much appreciated, please join #ticket_splitting to participate in splits, but check this doc to learn about the risks. Reddit discussion here.
Trezor support is expected to land in their next firmware update.
Decred is now supported by Riemann, a toolbox from James Prestwich to construct transactions for many UTXO-based chains from human-readable strings.
Atomic swap with Ethereum on testnet was demonstrated at Blockspot Conference LATAM.
Two new faces were added to contributors page.
Dev activity stats for May: 238 active PRs, 195 master commits, 32,831 added and 22,280 deleted lines spread across 8 repositories. Contributions came from 4-10 developers per repository. (chart)

Network

Hashrate: rapid growth from ~4,000 TH/s at the beginning of the month to ~15,000 at the end with new all time high of 17,949. Interesting dynamic in hashrate distribution across mining pools: coinmine.pl share went down from 55% to 25% while F2Pool up from 2% to 44%. [Note: as of June 6, the hashrate continues to rise and has already passed 22,000 TH/s]
Staking: 30-day average ticket price is 91.3 DCR (+0.8), stake participation is 46.9% (+0.8%) with 3.68 million DCR locked (+0.15). Min price was 85.56. On May 11 ticket price surged to 96.99, staying elevated for longer than usual after such a pump. Locked DCR peaked at 47.17%. jet_user on reddit suggested that the DCR for these tickets likely came from a miner with significant hashrate.
Nodes: there are 226 public listening and 405 normal nodes per dcred.eu. Version distribution: 45% on v1.2.0 (up from 24% last month), 39% on v1.1.2, 15% on v1.1.0 and 1% running outdaded versions.

ASICs

Obelisk team posted an update. Current hashrate estimate of DCR1 is 1200 GH/s at 500 W and may still change. The chips came back at 40% the speed of the simulated results, it is still unknown why. Batch 1 units may get delayed 1-2 weeks past June 30. See discussions on decred and on siacoin.
@SiaBillionaire estimated that 7940 DCR1 units were sold in Batches 1-5, while Lynmar13 shared his projections of DCR1 profitability (reddit).
A new Chinese miner for pre-order was noticed by our Telegram group. Woodpecker WB2 specs 1.5 TH/s at 1200 W, costs 15,000 CNY (~2,340 USD) and the initial 150 units are expected to ship on Aug 15. (pow8.comtranslated)
Another new miner is iBelink DSM6T: 6 TH/s at 2100 W costing $6,300 (ibelink.co). Shipping starts from June 5. Some concerns and links were posted in these two threads.

Integrations

A new mining pool is available now: altpool.net. It uses PPLNS model and takes 1% fee.
Another infrastructure addition is tokensmart.io, a newly audited stake pool with 0.8% fee. There are a total of 14 stake pools now.
Exchange integrations:
OpenBazaar released an update that allows one to trade cryptocurrencies, including DCR.
@i2Rav from i2trading is now offering two sided OTC market liquidity on DCUSD in #trading channel.
Paytomat, payments solution for point of sale and e-commerce, integrated Decred. (missed in April issue)
CoinPayments, a payment processor supporting Decred, developed an integration with @Shopify that allows connected merchants to accept cryptocurrencies in exchange for goods.

Adoption

New merchants:
An update from VotoLegal:
michae2xl: Voto Legal: CEO Thiago Rondon of Appcívico, has already been contacted by 800 politicians and negotiations have started with four pre-candidates for the presidency (slack, source tweet)
Blockfolio rolled out Signal Beta with Decred in the list. Users who own or watch a coin will automatically receive updates pushed by project teams. Nice to see this Journal made it to the screenshot!
Placeholder Ventures announced that Decred is their first public investment. Their Investment Thesis is a clear and well researched overview of Decred. Among other great points it noted the less obvious benefit of not doing an ICO:
By choosing not to pre-sell coins to speculators, the financial rewards from Decred’s growth most favor those who work for the network.
Alex Evans, a cryptoeconomics researcher who recently joined Placeholder, posted his 13-page Decred Network Analysis.

Marketing

@Dustorf published March–April survey results (pdf). It analyzes 166 responses and has lots of interesting data. Just an example:
"I own DECRED because I saw a YouTube video with DECRED Jesus and after seeing it I was sold."
May targeted advertising report released. Reach @timhebel for full version.
PiedPiperCoin hired our advisors.
More creative promos by @jackliv3r: Contributing, Stake Now, The Splitting, Forbidden Exchange, Atomic Swaps.
Reminder: Stakey has his own Twitter account where he tweets about his antics and pours scorn on the holders of expired tickets.
"Autonomy" coin sculpture is available at sigmasixdesign.com.

Events

BitConf in Sao Paulo, Brazil. Jake Yocom-Piatt presented "Decentralized Central Banking". Note the mini stakey on one of the photos. (articletranslated, photos: 1 2 album)
Wicked Crypto Meetup in Warsaw, Poland. (video, photos: 1 2)
Decred Polska Meetup in Katowice, Poland. First known Decred Cake. (photos: 1 2)
Austin Hispanic Hackers Meetup in Austin, USA.
Consensus 2018 in New York, USA. See videos in the Media section. Select photos: booth, escort, crew, moon boots, giant stakey. Many other photos and mentions were posted on Twitter. One tweet summarized Decred pretty well:
One project that stands out at #Consensus2018 is @decredproject. Not annoying. Real tech. Humble team. #BUIDL is strong with them. (@PallerJohn)
Token Summit in New York, USA. @cburniske and @jmonegro from Placeholder talked "Governance and Cryptoeconomics" and spoke highly of Decred. (twitter coverage: 1 2, video, video (from 32 min))
Campus Party in Bahia, Brazil. João Ferreira aka @girino and Gabriel @Rhama were introducing Decred, talking about governance and teaching to perform atomic swaps. (photos)
Decred was introduced to the delegates from Shanghai's Caohejing Hi-Tech Park, organized by @ybfventures.
Second Decred meetup in Hangzhou, China. (photos)
Madison Blockchain in Madison, USA. "Lots of in-depth questions. The Q&A lasted longer than the presentation!". (photo)
Blockspot Conference Latam in Sao Paulo, Brazil. (photos: 1, 2)
Upcoming events:
There is a community initiative by @vj to organize information related to events in a repository. Jump in #event_planning channel to contribute.

Media

Decred scored B (top 3) in Weiss Ratings and A- (top 8) in Darpal Rating.
Chinese institute is developing another rating system for blockchains. First round included Decred (translated). Upon release Decred ranked 26. For context, Bitcoin ranked 13.
Articles:
Audios:
Videos:

Community Discussions

Community stats: Twitter 39,118 (+742), Reddit 8,167 (+277), Slack 5,658 (+160). Difference is between May 5 and May 31.
Reddit highlights: transparent up/down voting on Politeia, combining LN and atomic swaps, minimum viable superorganism, the controversial debate on Decred contractor model (people wondered about true motives behind the thread), tx size and fees discussion, hard moderation case, impact of ASICs on price, another "Why Decred?" thread with another excellent pitch by solar, fee analysis showing how ticket price algorithm change was controversial with ~100x cut in miner profits, impact of ticket splitting on ticket price, recommendations on promoting Decred, security against double spends and custom voting policies.
@R3VoLuT1OneR posted a preview of a proposal from his company for Decred to offer scholarships for students.
dcrtrader gained a couple of new moderators, weekly automatic threads were reconfigured to monthly and empty threads were removed. Currently most trading talk happens on #trading and some leaks to decred. A separate trading sub offers some advantages: unlimited trading talk, broad range of allowed topics, free speech and transparent moderation, in addition to standard reddit threaded discussion, permanent history and search.
Forum: potential social attacks on Decred.
Slack: the #governance channel created last month has seen many intelligent conversations on topics including: finite attention of decision makers, why stakeholders can make good decisions (opposed to a common narrative than only developers are capable of making good decisions), proposal funding and contractor pre-qualification, Cardano and Dash treasuries, quadratic voting, equality of outcome vs equality of opportunity, and much more.
One particularly important issue being discussed is the growing number of posts arguing that on-chain governance and coin voting is bad. Just a few examples from Twitter: Decred is solving an imagined problem (decent response by @jm_buirski), we convince ourselves that we need governance and ticket price algo vote was not controversial, on-chain governance hurts node operators and it is too early for it, it robs node operators of their role, crypto risks being captured by the wealthy, it is a huge threat to the whole public blockchain space, coin holders should not own the blockchain.
Some responses were posted here and here on Twitter, as well as this article by Noah Pierau.

Markets

The month of May has seen Decred earn some much deserved attention in the markets. DCR started the month around 0.009 BTC and finished around 0.0125 with interim high of 0.0165 on Bittrex. In USD terms it started around $81 and finished around $92, temporarily rising to $118. During a period in which most altcoins suffered, Decred has performed well; rising from rank #45 to #30 on Coinmarketcap.
The addition of a much awaited KRW pair on Upbit saw the price briefly double on some exchanges. This pair opens up direct DCR to fiat trading in one of the largest cryptocurrency markets in the world.
An update from @i2Rav:
We have begun trading DCR in large volume daily. The interest around DCR has really started to grow in terms of OTC quote requests. More and more customers are asking about trading it.
Like in previous month, Decred scores high by "% down from ATH" indicator being #2 on onchainfx as of June 6.

Relevant External

David Vorick (@taek) published lots of insights into the world of ASIC manufacturing (reddit). Bitmain replied.
Bitmain released an ASIC for Equihash (archived), an algorithm thought to be somewhat ASIC-resistant 2 years ago.
Three pure PoW coins were attacked this month, one attempting to be ASIC resistant. This shows the importance of Decred's PoS layer that exerts control over miners and allows Decred to welcome ASIC miners for more PoW security without sacrificing sovereignty to them.
Upbit was raided over suspected fraud and put under investigation. Following news reported no illicit activity was found and suggested and raid was premature and damaged trust in local exchanges.
Circle, the new owner of Poloniex, announced a USD-backed stablecoin and Bitmain partnership. The plan is to make USDC available as a primary market on Poloniex. More details in the FAQ.
Poloniex announced lower trading fees.
Bittrex plans to offer USD trading pairs.
@sumiflow made good progress on correcting Decred market cap on several sites:
speaking of market cap, I got it corrected on coingecko, cryptocompare, and worldcoinindex onchainfx, livecoinwatch, and cryptoindex.co said they would update it about a month ago but haven't yet I messaged coinlib.io today but haven't got a response yet coinmarketcap refused to correct it until they can verify certain funds have moved from dev wallets which is most likely forever unknowable (slack)

About This Issue

Some source links point to Slack messages. Although Slack hides history older than ~5 days, you can read individual messages if you paste the message link into chat with yourself. Digging the full conversation is hard but possible. The history of all channels bridged to Matrix is saved in Matrix. Therefore it is possible to dig history in Matrix if you know the timestamp of the first message. Slack links encode the timestamp: https://decred.slack.com/archives/C5H9Z63AA/p1525528370000062 => 1525528370 => 2018-05-05 13:52:50.
Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research.
Your feedback is precious. You can post on GitHub, comment on Reddit or message us in #writers_room channel.
Credits (Slack names, alphabetical order): bee, Richard-Red, snr01 and solar.
submitted by jet_user to decred [link] [comments]

Community-led Discord AMA Transcript - October 12th, 2018

On October 12, our CEO - Marshall, Director of Product - Patrick, Director of Business Operations - Kristal, and Senior iOS Engineer - Ephraim stopped by the community-led Discord channel to answer your questions. Here’s a transcript of the questions and answers.

On Crumbs...

meakkineni: Can you give us some Crumbs stats? Like the number of downloads, total amount managed by Crumbs etc
Patrick: Unfortunately cannot go into detail but we are into the thousands of users.
meakkineni: From the jobs postings looks like you are recruiting more people for Crumbs. Can you tell us about some of the exciting new features that are going to be implemented?
Patrick: Expect to see on-demand purchase of crypto bundles, mainnet deposits and withdraws, integration with Metal Pay, and more coins! Over the coming months, we plan to offer lower fees for MTL holders, unlock features, and more!
Abu: Is Crumbs going to include any gamification aspects in the future? How is the marketing strategy for Crumbs differ from pay?
Patrick: Yes, we will add an element of gamification in the future, the current focus is user acquisition
Marshall: Yes big surprise coming here, but I'll save that one for later. the marketing strategy will be closely tied together for both apps as they are tied together, and you will see this from a technical and feature perspective as time progresses

On Metal Pay…

red: How come we don't have referrals yet? Are we holding the feature back for some reason?
Ephraim: Referrals is one of the most exciting features we have in the works, because not only is it a technical challenge on both front-end and back-end, but it also introduces a new way to earn Pop. In fact, we’re just about wrapping up and finalizing the details for this feature, while making plans to translate the tech to support even more ways to earn rewards in the app. Something to look out for in version 1.1.0 😏
flumpson: My biggest hurdle in getting people to sign up is that their bank doesn’t work. In my case it was Citi. When will there be router and account number signup for people who aren’t served by plaid?
Ephraim: Currently the app integrates Plaid, a bank-linking SDK that supports over 90% of U.S. banking customers and is used by some of the biggest names in FinTech. We are aware however that online banking is required with your financial institution, and one way around that is routing/account number input. This feature is on our roadmap as a new service that will verify your account via micro-deposit. TLDR; it’s definitely coming!
Mondo: How do you see Metal Pay taking market share from the more popular apps like Venmo and CashApp? What will convince new users to switch over?
Marshall: I really believe through innovation, amazing user experience and specifically the value proposition to users on new behaviors and new technology. Specifically, I believe PoPP and the interactions with crypto to be completely new behaviors that the mass market is yet to be introduced to. Being paid (currency not points) for making a payment? I think this is a new concept and one that Metal owns. What will convince them? This is the hard question. A viral campaign that gets our apps out there, with proper messaging and the right endorsements I believe is key. Finding the viral loop, increasing our K factor (number of invites that every new user brings). When I started this company I recognized that design, user interface, user experience, incentives, and proper information were the biggest holes in cryptocurrency. We are hitting on all of these pieces.
Mondo: “A viral campaign that gets our apps out there, with proper messaging and the right endorsements I believe is key. Finding the viral loop, increasing our K factor (number of invites that every new user brings)" - is there an estimated date for this campaign? I'm sure your community would love to help where possible as well.
Marshall: We are in the process now of smoke testing our campaign strategies, and we will certainly be involving the community as we begin.
biyamin: "I am not okay putting my social security number in [Metal Pay]. Is there another way?"
Ephraim: This is one of mostly heard feedback, and we’re aware of the friction it can cause among new users. However, it is due to our financial partners' requirements, U.S. law, and FDIC insured Cash balance (we create a bank account on behalf of users) that prompt us to ask for SSN during on-boarding. Rest assured, we have a plan in placed to make onboarding as streamlined as possible, especially when SSN no longer serves as a fool-proof means of identity verification, due to recent security breaches by large firms. Finally, we have in our roadmap to allow users onto the Metal platform with limited KYC.
Marshall: Yes in the future you will be able to skip over this requirement, however linking in personal information will make you eligible for PoPP (this serves as the anchor), without it you won't be able to access those rewards and some special features like having a bank account with us.
jake_eisenberg11: When will Metal Pay release in New York happen?
Marshall: This is a tough one, it will happen upon one of two things coming to fruition. An exchange partner joins us who has a Bitlicense and will deeply integrate their back-end with us or us acquiring our Money Transmission License for NY and the accompanying Bitlicense (which if this is the case will take at least 1 year). That being said we're shooting for the former obviously, a partner to help us fast track and we've got a few in the pipeline
[A bunch of different people]: When will Metal Pay release in [insert location here]?
Kristal: I can assist with all the WHEN will Metal Pay release in MY STATE or COUNTRY. We have no firm timelines on either, but we are pursuing all states and expanding to Europe/Asia simultaneously… Ditto for Crumbs.
Jan: Quick one - Metal Pay debit cards?
Marshall: VERY SOON, it's next up on our feature roadmap
redruggles5: Really excited about Metal Pay for merchants, particularly micro-business. Are you able to tell us how that will look and where in the timeline that is? Do you have plans to integrate with current bookkeeping software like QuickBooks, plans for accepting credit cards/integration with Pay, etc? The biggest objection I get is in regards to integration with their current system, the ability to accept cards, addition of QR codes or another private way for customers to pay besides their phone number. Lastly, will there be a separate referral system for merchants?
Marshall: We are very excited as well, in terms of merchants we are going to start with the integrations into existing POS. Integrating with QuickBooks and Intuit are a must for crypto record keeping for S/M/L business, we have ambitious plans for this. Referral system for merchants via consumer - YES.
ekasu: Is there a possibility to increase the Metal Pay bank transfer speed (from 1 day or so currently to within the same day like Venmo) to increase competitiveness/attraction?
Marshall: Yes with Instant ACH for US customers, a feature we will be adding and is in the PF board on Jira
Bitcoinbella: Are there any plans for retail stores to use Metal yet?
Marshall: Yes, a big part of our plan of attack here is to launch first with the debit card so we can go anywhere Visa/MC is accepted. The next step is to go after small business with technical integrations through payment partners as well as simple QR codes at the register similar to Wechat/Alipay (China really inspires me). Technical integrations - this means WooCommerce, WordPress, Shopify, Authorize.net, etc, and for physical brick and mortar stores working directly with processors (lots of them see Square as a threat and are much larger, eventually Square will go to cut out interchange and stick it to the credit card companies, many partnership opportunities abound)
jake_eisenberg11: When cannabis merchant service?!?!?!
Marshall: We have pivoted away from high-risk merchants, that being said crypto is like cash and is permission-less. The bank poses no restrictions on what you do with cash withdrawn from the ATM unless you are doing something that could be considered illegal or pose harm to the bank. Very similar to us, replace paper cash with crypto.
ekasu: What is the deadline looking for these features: (a) transfer Metal to erc20 wallet/Metal vault; (b) use Metal Pay with merchants
Marshall: Mainnet deposit/withdrawal early end of this year or January. Metal merchants will kick off with our card integration for consumers, integrations for Merchant will start next year (upon hiring more developers) Glenn very early on built a very cool WordPress plugin for WooCommerce. These integrations for WP, Shopify, etc will come first and most likely early in 2019.
meakkineni: Looking at things so far, I have a feeling that PoPP score implementation has barely started. What is the time frame we are looking for it to go live?
Marshall: PoPP score is implemented just not integrated into the UI, this is a high priority one for us.

On MTL...

Decoder1: There's been talk about making the MTL token more prominent in both Crumbs and MetalPay. Some things which have been mentioned are discounted fee's, moving it to the top of the buy list, unlocking special features and obviously the increased POPP score which has already been confirmed. Are these still in the works or have they been shelved? If so are there any other bonus features Metal are considering?
Marshall: I'm really looking forward to adding these additional features to highlight the special function of MTL inside the Metal ecosystem of apps. Some things that have not been talked about yet are early access on special features for users with a MTL balance, gamified features to unlock surge PoPP, partner integrations and more.
NilesCrane: What will be the utility of the MTL token when other tokens are available to be popped? What will being the 'native currency' for the Metallicus apps involve and why would you expect this to drive the token price higher when other tokens are available in the same network?
kt: When will we start to see some other utilities for the MTL token through pay and Crumbs etc, other than the existing PoPP mechanism, and what are they likely to be?
Ephraim: We have a grand vision of how Metal and Pop will play a role in your daily experience on the Metal platform. Although we can’t go into too much detail into the features we have in our roadmap, we can say that MTL token will be an essential part of the Metal platform and overall ecosystem. Earning Pop when making payments is the stepping stone to realizing this vision, as we become the best, most rewarding, and user-friendly payments/crypto platform on the market.
Deaethtofiat: Will Metal's [ticker] still be changing?
Marshall: That [$XMT] is something we want to do upon announcing our mainnet chain.
Tblgu: Did Metal pay a fee for Bittrex relisting?
Kristal: Simple answer is no. We haven't seen any American-based exchanges charging for listings, and we believe the Bittrex re-listing was based entirely on the merits of our company.
marc0o: I know it might take a while until Metal reaches Europe. My favorite and IMO very promising exchange (Lykke) often gets the question whether PayPal can be used to deposit EUR or FIAT in general. Do you think it would be possible and useful to partner up with exchanges to provide FIAT deposits/withdraws?
Marshall: Yes we absolutely do and are talking to top exchanges right now, there are so many exchanges that are crypto/crypto only and we think we make a very nice fit for an integration to be the onramp/offramp, p2p payments, spending and link to the merchant world. This is a critical part of our business model and so far we are seeing HEAVY interest.
lemme: Why is Metal selling so much $MTL from the operational pool for such a low price?
Marshall: Selling and spending are two different things, so I think one of the assumptions is that selling = spending which is not the case. Yes, we are selling MTL to fund our operating bank, but not spending it at the rate that we are selling it. We are doing this because of three reasons: (1) We raised a very small amount last year to build out our apps (which arguably we have delivered) $3m vs most crypto startups raising $20m+ and we have delivered much, much more. (2) We need to demonstrate a full year of burn in the bank account to close the audit. (3) We need to close the audit to retain our money transmission licenses to get all fifty states, Europe as well, in addition to certain features like in app-exchange that we do directly. We're actively growing the company and as soon as we close Series A we will stop selling and focus on accumulating (not only MTL, but certainly as much MTL as we can get our hands on while diversifying).
ekasu: How likely is that more MTL is taken out of the operational pool in the short term, which can decrease the price much more?
Marshall: MTL will be taken out of the operational pool until the successful closing of our financing round which we are in the process of right now
meakkineni: Have you come up with any other significant use cases for MTL apart from BNB style use case in Crumbs and building a better PoPP score?
Marshall: Yes, and you will be hearing more about that as we plan to release an updated paper showcasing the fully decentralized aspects of the chain we are building.

On Metal…

marc0o: I hope I remember it right. A while ago Marshall talked about Metal being a service targeting people that do not have a bank account. Is this still on the roadmap?
Marshall: Yes it is. I know it may not appear that way right now but I firmly believe a good product keeps a narrow execution and a large vision. So the first part of the network and what will eventually become decentralized is starting on the equivalent of testnet or centralized (this is not too different than Bitcoin or Ethereum in the early days). We’re starting with linked bank accounts and moving to keep that as an option that people can skip over and opt to choose a stable coin, all while creating a Metal profile and [obtaining a] PoPP score.
Parker: Would Metal consider doing token buybacks (a la BNB)? Are they even legal in the U.S.? Could doing so make Metal a security?
Marshall: As a company, we will buy different cryptocurrencies at different times depending upon the market situation, buying MTL is something that we will do, as far as any guarantee to x amount being bought back per quarter or percentage of profit, that is most likely indefinitely off the table for a US company.
CryptoSheffield: Do you “own” the PoPP concept?
Marshall: We own trademarks yes, the first mention of media and are working on a provisional patent. This type of thing is very hard to get a patent for even harder to defend right now.
Future: Some people noticed Sid no longer on the website. Has he moved on? If so what's the story there?
Kristal: Sid put together some beautiful designs and helped shape and create the early stages of Metal until it's launch. As we move into the next stage of post-launch, we amicably parted ways with Sid and wish him continued success wherever he goes. As a company, we're on the hunt for a Principal Designer to continue our progress on great design and user interface, to push us into the next phase of our product.
Marshall: I'd also like to add design is incredibly important to me and the reason I hired Sid. If you follow my work from my first crypto/fintech startup I've always been a stickler for amazing user experience and design, specifically with Metal I'm going above and beyond and creating what I believe to be a work of art, something that will be on showcase in the Moma in 20 years from now on a design exhibit.
SciGuy: You guys still thinking of launching in Korea? Of all the places, this is where I'm actually going to be paying very close attention. Korea loves crypto.
Marshall: BIG TIME. We want to enter the Korean market ASAP as we know we have quite a few fans there. The goal is to quickly enter the international market by the end of this year. Now that Nebula is working the next hurdles are bank/FI partners, licensing, localization and marketing (its more complicated than that but those are the critical pieces to expansion). Keep in mind we will be allowing anyone in the world to sign up in the future and skip bank while choosing a stablecoin as their "bank" fiat choice. This goes back to the unbanked question. If we just release a crypto wallet and say tada we've banked the unbanked... have we really? I'm serious when I say it. And you can see it in the progression with our products and the vision. Gotta link existing banked citizens along with merchants and unbanked, they all must be in the same ecosystem. Otherwise, the dream can't become a reality.
andrea: I would like to ask about timing. I remember there was a talk about things that could be done before EOY such as new crypto implementing PoPP; debit card, series A round.
Marshall: Yes, I'm happy to say this is all on track. In terms of fundraising round, I believe the missing link for us is demonstrating user growth and b2b client acquisition, something we are working on fiercely right now. One of the things I saw in Dogecoin community that was really awesome was the involvement of the community in viral campaigns (especially for good) such as NascaJosh Wise, Doge for water, Sending the Jamaican bobsled team to the Winter Olympics.
nofomo: Anything you can share about things to look forward to before EOY? Any big partnerships, etc.? From a marketing perspective, are there ways that MTL can showcase or communicate SEC compliance more? Not to flaunt it, but as people scramble out of bad projects/Tether, etc., it might help to get more info out there. When Desk, and can we expect to see USD/MTL pairs?
Marshall: We have quite a few new features coming: PoPP in under ten minutes always, PoPP notifier so you can know if a payment is PoPP eligible, API for other companies (exchanges, cryptos, FIs), adding more cryptos for PoPP funnel, buy functionality, mainnet deposit/withdrawal. Partnerships we have a few big ones in the pipeline 😉 In terms of compliance I think our actions speak louder than words, we operated very differently than 99% of the other companies in the space and focused heavily on compliance in a rapidly evolving landscape. We were chastised initially for keeping the token offering private and to accredited but in the long run this was the correct way to operate and we're seeing that now. Desk/Vault is postponed until next year as we have more than enough to conquer right now on Pay/Crumbs... USD/MTL pairs, soon!!! Not just with us, but on other exchanges we anticipate.
meakkineni: Has any other banks shown interest in Metal lately?
Marshall: Yes, a few big ones, as well as smaller tier 2 banks
meakkineni: Is there any tangible benefit Metal has gained so far by sponsoring Necker Cup?
Marshall: Yes, quite a bit with partners we are in talks with now, in addition to bringing in investors in our next financing round... Not to forget influencers!
cryptoandcannabis: Is there any institutional support for Metal being shown, even in preliminary stages? Now that traditional asset custodians such as Fidelity are in the mix maybe MTL can become a slice of people's crypto asset class
Marshall: We are starting to see interest from the big custodians in the space, very exciting times. Fidelity recently entering has really helped this, in addition, several trust companies are opening up.

On Metal Blockchain…

1Chance: Will [Metal] consider supporting any of the stablecoins?
Marshall: Yes, all of the good ones we will be supporting.
Yannik: Will be some parts of the new Metal Blockchain open source? And based on Stellar?
Marshall: Yes it most certainly will be open source and anyone can connect to our public network. Based on Stellar? Where are you getting this information? 😛
Québécoiserie: Are you working on Metal Blockchain now or has it not started yet?
Marshall: We are in the very beginning phases and testing the assumptions for PoPP on our centralized back-end. Additionally, we are in the process of raising a funding round, The Metal Foundation will be running the open source initiative when we launch it next year.
Decoder1: There is a lot of talk about a Metal blockchain - this sounds exciting but also quite ambitious because it can take years to achieve the fine tuning and security required to develop a new blockchain. Would it be PoW? PoS? Wouldn't it be easier to build a side chain on Ethereum like Loom, or build something on Cosmos SDK to take advantage of existing layer 1 security solutions? If you plan to one day PoPP with other tokens Cosmos might be a good idea. My concern is that with a small team and many things like Desk, Merchant, revamped Vault, new features on the App, Android, new regions, that Metal might be biting off more than it can chew. So if you could elaborate more on these plans that would be great!
Marshall: This is a correct assumption and we are already doing a lot, there is a reason we have put Vault/Desk on hold while we focus on Crumbs and Pay. In terms of the blockchain side, we are staying agnostic and specifically with the consensus mechanism we are looking at lots of options. We will, without a doubt, be leveraging other chains for interoperability. Jae Kwon is a good friend of mine and I think Cosmos has a lot of potential (I'm an investor full disclosure), I also look at the work that has been done with Komodo leveraging the bitcoin blockchain, I find this very interesting as well. The idea here is that this will be a non-profit initiative under The Metal Foundation and not directly intertwined with Metallicus Inc. the private company.
meakkineni: Lately we have been talking more about Metal Blockchain than Metal Merchant. Has the focus shifted?
Marshall: The focus has not shifted, one of the things that did change from the inception of the project until now is that we've decided to stay away from re-inventing POS and merchant software, we feel that it is better to partner with processors than try to replace them ala Square

On ???...

Sporklin: I did warn I came with a vital question. @Marshall Shoes, you are known in the crypto space for having good taste in clothes. What is on your feet at the moment?
Marshall: Hey @Sporklin!!!! Long time no see and thank you. Ok check it out, these ones are steezy and I just picked them up.
Yannik: Is Kangen Water still available in the office?
Marshall: Yes, still on tap, always. Kangen 9.5.
Parker: how many fingers am I holding up?
Marshall: Two? 🤘
submitted by imjoshs to MetalPay [link] [comments]

Merchant Adoption - Using Bitcoin as a payment method, a Merchant’s perspective

Throughout the bitcoin subreddits the conversation about merchant adoption and 3rd party payment processing systems looks to lack merchant-side discussions.
I thought here would be a good place to further the discussion regarding merchant adoption, specifically focused on what it would take for a merchant to begin processing bitcoin as a payment method.
It’s increasingly common for merchants to use a POS management system, such as Shopify and Square.
These systems manage all aspects of a ‘sale’ - the payment, inventory, accounting and reporting, and in an many cases a linked ecommerce platform with payment gateways.
For a merchant, it’s not simply selling a product and accepting a payment or the ‘peer to peer’ narrative that many preach. The ideology tends to get in the way of the reality of what it means for a merchant to process that sale, beyond the payment itself.
Expecting merchants to perform external processes to pre-exisiting systems is naive - like manual adjustments after a payment transaction. This would take most of the technological advancement in merchant systems, backwards.
A majority of merchants are not Amazon level, equipped with developers or custom built systems - most are small, and use existing systems to manage their business efficiently, in one linked platform.
This is predominately why 3rd party merchant systems like Square, etc exist.
Beyond payment methods, how does a business expect to manage that bitcoin sale within a linked management system - Fiat conversion, and customer processing (and privacy) for example.
NB - I am a merchant looking at integrating bitcoin payments, but due to limitations with integrating bitcoin into our current POS system (and my own knowledge) - we don’t accept it.
Be good to hear from other merchants on both sides - accepting crypto payments and how it works for you, or if not, why?
And developers who are working on merchant related projects, what are the hurdles or possible solutions to incorporating or adapting to bitcoin.
submitted by nizer13 to BitcoinDiscussion [link] [comments]

Atriark is a Digital Asset financial Community.

Atriark Digital Asset Platform and Services.
In the year 2017, the digital crypto market has marked an outstanding height by growing at 3300%. Although, the cryptocurrencies involves some fundamental steps like money transactions, value accumulation, value measurement by passing through a process. Currently, the cryptocurrencies are considered as the assets for the investment, not as money.
In a year of time, the cryptocurrency had faced many up and downs despite that the cryptocurrency investors had set a record in the year 2018. One such significant event is ICO telegram, in which around $1.6 billion was raised from the institutional investors.
According to the CME Group, the volume of Bitcoin is growing every month in the financial institutions since after the launch. On an average, around $100 million Bitcoin is traded on the daily basis. In-fact PayPal, the largest online payment system has recognized the power of Bitcoin and is using it as a form of payment, sooner Ethereum will also join the system. Shopify, an online store and a retail point-of-sale also accept the Bitcoin as a payment medium.
Using Bitcoin or any other cryptocurrency, the user can book and order the products and also can use the services of the other companies.
As per 2017’s data, the cryptocurrency market is small as compared to the orthodox markets. The security market has made $73 trillion, the real estate at $217 trillion, and in the complete verge, the cryptocurrency market has made $0.6 trillion which shows the market is just at its beginning days. In case, it runs at its full potential then it is possible that the cryptocurrency will run the financial system of the world. So, it can be safe to say that cryptocurrency has the potential to give significant growth to the market.
The evolution has brought the attention of many new investors, marketers, in the lure of growth. In the market, a new term “HODL” has already born which means the crypto community members who hold their cryptocurrency and the investment position and predicts that it will increase the value. It is very similar in the way, the businesses, investors who do not want to invest in the assets but still want to earn profits and need credit solutions.
Fiat cryptocurrency gives the opportunity to earn more or generate revenue from the cryptocurrency market.
Atria Development Limited operates on the Blockchain technology and smart contracts on the platform. The platform gathers the brokers, traders, investors, and exchanges over a decentralized network. The open and fair network makes the financial system more global.
In this way, private investors get an open platform to showcase their abilities and attract investments from all over the world. Hence, the strategy gives them a quick and rapid scale in the market.
The advanced technology creates an autonomous and transparent system for its users for proper investment and profit distribution. Atriark gives the most imperative solutions of the redundant problems which arise commonly in the cryptocurrency market. For example, the limitlessness because of insufficient data, doubts in the process and lack of transparency.
For the development of the platform, it is very crucial to raise the fund against it which will help the Atriark platform financially especially in terms of marketing, advertising. Atriark is the native currency of the platform which is used for all kind of operations or distributions related to investment and profit.
Market Opportunities So who are these people who participate in these Business processes:
Business Associates
The traders of a company are those people who already have a trading history and who are ready to obtain investment and are responsible for money management. And the money acquired through them is distributed at some proportion to the managers as well as the investors. Though, the manager does receive the commission from the profit fee plus from the management also.
Business Investors Here in the cryptocurrency platform, no investor can directly raise their funds and start trading. Rather an experienced trader is responsible for all this job, from investment to management of the fund. In this process, the investor sends their money to the manager and the profit earned by them is distributed to the investor as per shares they hold.
Trading Brokers
A company without brokers, not happening. As brokers are like the backbone who carry out all the trading activities on the licence. Traders can access the financial instruments like exchange and over-the-counter markets through the means of the traders.
The size of the cryptocurrency market is growing rapidly, every year the market is earning billions of profit. According to the Global Asset Management 2017 report, published by the London Consulting Group is that the total amount of funds is above $90 trillion in the management.
Industry Challenges
To reach a goal there are some challenges which need to be resolved. But before that one should have the knowledge of the problems like what are they, specifications, parameters affecting it and much more.
Premium mining hardware One can take advantage of the crypto mining only when it is done with specific task hardware especially by A-line hardware. At present ASIC-processor based machines For eg: Bitmain Antminer S9.
High-cost Electricity and Unstable energy supply
The main factor which affects the profitability of the platform is its cutting cost on power. There are some countries like Norway, Iceland, Sweden and Baltics which have excess electricity because of the fully-developed inter connectivity and infrastructure, as well as renewable energy sources. The platform receives the profit from hi-tech factories and data centers in the form of incentives from the government support.
Security and Reliability
The maximum mining efficiency is obtained without compromising the reliability and security. The mining center is located near a reliable source of electricity. The miners mine almost twenty-five bitcoins in a day at difficulty level. So it is very important for a platform to provide security to the user.
Top-Notch Professionals
It involves a team of highly-skilled engineers and construction experts to run the mining center on the modest run. The team boasts the competencies and qualifications of the platform to build, install and operate on the industrial-sized mining facilities. Members of the Atriark have managed to create the data centers Market Requirements
The power Blockchain holds is quite more than a definition of cryptocurrency holds. Maybe the crowd haven’t tasted that much success, it can give. And that time is not that far where the ledgers will identify its true potential. The blockchain technology is continuously evolving and making the world revolutionize at its cost by bringing the transparency in the system. Especially in those industries where analysis by the public is important. At the international level, where the world is full of multiple agreements based on the diplomacy and to accept them multiple examinations are performed. To avoid them there is only one way i.e Blockchain technology.
It can be completely guessed, sooner the way of conducting the contracts is going to change because of the revolution brought by the blockchain technology in the market. It can be simply defined as a chain of blocks or the set of ongoing transactions which help the manufacturer to track the record of the system. These blocks are often named as distributed logs or the versatile ledgers of the multiparty system. Through this means anyone in the system can take a view of the chain and verify the transaction agreements on the system.
There are multiple sectors which need a renovation of blockchain technology:
Retail Industry
The reports of E&Y shows that the retailing industry holds the gross size of around $650 billion and above. And a major part of this gross size is under an organised sector. Also, the figure in the report states that only 1.5 % of that size is utilized for the innovation purpose. For this, the retail management takes hold on the ERP and POS at the corporate level.
The technology will make the company aware of the quantity of the product and the exact item in the real time. This makes the reinforcement and replenishment will be sent exactly where it needs to be sent. It means when the reinforcement is required it can be made through POS which signifies the ERP will trigger the flag to shop the item which needs to fill in the store. And this can be done easily by implementing the blockchain technology in the system unbiased.
Healthcare
Blockchain has the ability to eradicate most of the health disparity from the nation. It can be beneficial for the poor, the person who doesn’t have Health insurance can utilize the technology by denying all the scenarios. But for that, the social security number must be linked to generate the subsets by the government on the ongoing transaction such that the insurance giving company and the treatment giving hospital gets connected and the right treatment on right time is provided to the patient. In case there is a failure in the verification, then every node in the chain gets to know or vice-versa. So that each node in the chain executes the transaction.
Banking Sector
One of the important aspects of any import based industry is the banking credit. So for the customer base, the credit is directly linked to the bank or the issued letter on that behalf. For example, An Y company wish to get connected with Z company which is not a native one. In this scenario, the Y company have to generate a letter of intent in his bank such that the company can pay the amount to the respective bank of Z after verification. Although, the verification takes in several steps like matching the inventory of the company, clearance whether it can be imported or not. Although, the blockchain technology gives the facility of EMI payments plus minimises the data redundancy at the multiple facets of the system on international banking.
It’s obvious, why there is so much evidence of companies inheriting the blockchain technology and why the cryptocurrency is popular in between us. The most prominent reason is that the process is decentralized, anonymous and yet safe. It is because of not a single body regulates or authorities the cryptocurrency flow in the world. Technology To monetize the real-time transactions and to receive the updated order book, it becomes necessary for the company to install the advanced technology. So that the trade execution can be done simultaneously on the platform along with resolving the challenges. For example, Scalping, Algorithmic trading and market making. Client Support
Most of the platforms take customer service in the least priority. In fact, the customer service model is more focused on the resolving issue rather than serving the user. The time taken by the services to respond to the customer is generally so high that the user gets fed up and left. Even there are some exchanges are present which doesn’t even bother to respond the inquiries. There are a number of examples which takes almost a month to clear the process. For example Kraken, one of the leading exchange company which takes 30 days for KYC clearance.
Hence, the Atriark’s customer support team has implemented the customer service which is completely based on the human-centrist model. This ensures that every coming request irrespective of the department it belongs is efficiently managed and responded. Studies show that the customer exchange response is the key factor when it is all about the growth of the trades.
submitted by atriarkuk to u/atriarkuk [link] [comments]

FINALLY !! A CHIMPION CREATION! ALLOWS MERCHANTS ADOPT E-COMMERCE THROUGH DIGITAL CURRENCY

FINALLY !! A CHIMPION CREATION! ALLOWS MERCHANTS ADOPT E-COMMERCE THROUGH DIGITAL CURRENCY

https://preview.redd.it/kj0mt2cfofe21.png?width=1600&format=png&auto=webp&s=69476eb9d1653873ca82eacbb408c14008af7cc3

INTRODUCTION
Since the inception of cryptocurrency and the bitcoin technology, there has been different platform and trading for cryptocurrency blockchains, we know that the bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.
Chimpion is an all in one ecommerce, point of sale, digital wallet with crypto to fiat settlement system. Chimpion’s is launching e-commerce storefronts that allow merchants to accept cryptocurrency payments, choosing their favorite altcoin as the base currency denomination and allowing the merchant to settle their crypto into fiat through a stablecoin.
Chimpion (CHIMP) provides merchants with a simple yet sophisticated cryptocurrency payment system with a custom e-commerce and settlement backend. Through Chimpion’s innovative technology, merchants can launch full-fledged e-commerce storefronts and accept cryptocurrency payments online, with the option to set the coin of their choice as the base currency denomination. With a built-in incentive program and dedicated wallet, Chimpion gives businesses a seamless connection to the world of digital commerce.

THE CHIMPION BRAND

Chimpion is derived from the word “champion”, to signify both the coin’s superiority over incumbent cryptocurrencies and the organization’s core mission of championing the adoption of crypto for e-commerce. The word “champion” has a similar pronunciation in many widely-spoken languages, making Chimpion a highly relevant name to numerous cultures. Monkeys have historically played an important role in both Chinese and Indian culture.
The chimpanzee was chosen as a mascot to represent Chimpion because of the species’ association with exploration, being one of the first animals to travel into space. Likewise, Chimpion is pioneering a new era of transacting by driving the adoption of cryptocurrency for e-commerce.
Chimps are also known to be highly intelligent compared to other animals, even surpassing human memory of numerals in some cases, which symbolizes the benefits of a blockchain-enabled economy. Highly community-focused and even capable of empathy, altruism and self-awareness, the chimpanzee is a fitting symbol for Chimpion, which aims to drastically improve the way humans exchange value.

Dual-Token Dynamic

Chimpion (CHIMP) powers our merchant storefronts and e-commerce ecosystem. It is the bounty incentive to onboard merchants in an effort to drive adoption. CHIMP will also be the base currency denomination in the Chimpion Store, which will feature our exclusive apparel product line along with gift cards from major retailers and merchants from the Chimpion directory.
Banana Token (BNANA) is the reward layer of the Chimpion ecosystem. BNANA is earned through purchases from Chimpion merchants using CHIMP or any other cryptocurrency. BNANA functions like points on a loyalty card, which can be redeemed for promotional offers, discounts, and exclusive products.

Coin Specifications

Chimpion is hosted on the EOS blockchain using Delegated Proof-of-Stake (DPoS). DPoiS, a method invented by Dan Larimer, resolves many of the problems seen in Proof-of-Work (PoW) and Proof-of-Stake (PoS) systems. In a DPoS system, a technological democracy is created by a community of block producers and staked users that agree to a certain set of rules.
DPoS and PoS are two different protocols; in a PoS system, every wallet that contains coins is able to participate in process of validating transactions and forming consensus, thus the more coins in your wallet, the more coins you will eventually receive. With DPoS system every wallet that contains coins is able to vote for representatives. These representatives validate transactions and form consensus, and are paid for their efforts through the system. This avoids a pitfall of PoS, which is that, just like in PoW, consolidation will eventually occur.

Blockchain

Chimpion’s crypto e-commerce platform is powered by a unique, delegated proof-of-stake (dPoS) consensus. Our engineers have developed the Proof-of-Store as Proof-of-Stake (poS as PoS) protocol, allowing any Chimpion-powered merchant storefront to become a masternode on the CHIMP blockchain. The Chimpion blockchain will initially operate in the form of an EOS smart contract, which will migrate to its own chain upon the launch of our mainnet. This will enable us to integrate our advanced e-commerce platform with a secure smart contract blockchain that will feature loyalty rewards, dApps, and token creation for our merchants.

Platform

By holding Chimpion (CHIMP), merchants gain access to Chimpion’s robust crypto e-commerce platform for free, without a monthly subscription fee. Developed by Shopping Cart Elite, Chimpion’s crypto e-commerce platform combines the features of popular e-commerce platforms like Shopify and WooCommerce with the convenience of payment processors like Stripe. Our cryptocurrency storebuilder does not require any additional plugins and will be further enhanced with future dApps.
Chimpion also functions as a payment processing system and checkout method, similar to Stripe. Unlike with Coinbase and BitPay, Know Your Customer (KYC) processes are not necessary, as merchants can choose to either settle their funds in cryptocurrency or automatically sell for their preferred stablecoin with assured privacy. The following stablecoins are supported: USDT, TUSD, USDC, GUSD (NYDFS-approved), and PAX (NYDFS-approved).

Chimpion Core

Chimpion’s in-house developed proprietary system is currently being migrated to EOS and includes Paytomat Core in the form of an EOS smart contract and services responsible for maintaining merchant accounts and balances, merchant interfaces (Merchant Web Panel, Merchant App, POS integrations, and e-commerce plugins), and consumer apps (non-custodial cryptocurrency wallets).

Empowering Merchants

Chimpion’s primary goal is to grow the adoption of cryptocurrency as a payment solution by creating a rich e-commerce platform centered on digital assets. We look to not just onboard merchants, but also to create partnerships with the core teams of established crypto projects. Through Chimpion, new startups and established merchants alike can utilize our vast network and propose their business concepts to various cryptocurrency projects. If core teams do not take notice, Executive Diamond Node holders can vote to select that project to receive funding.
As an example, take the following scenario:
Carlos wants to start a dress shirt brand by launching a Litecoin-denominated storefront through Chimpion, where all products are listed at 1 LTC regardless of price volatility. He wants to cater to the Litecoin community so he buys a given amount of CHIMP and submits a proposal to receive funding. Carlos needs $20,000 as initial capital and a $5,000 monthly allowance. The Chimpion community votes
in favor of his project, so he receives the funding in CHIMP and his storefront is listed in the Chimpion directory. Charlie Lee, founder of Litecoin, takes notice and promotes Carlos’ business to his 700,000 Twitter followers.
By pairing the right concept with the right core team, Chimpion creates an ecosystem where real businesses selling physical goods and services will help drive the adoption of various cryptocurrency projects, benefiting everyone – merchants, developers, and investors.
Our target audience consists of three customer types including cryptocurrency core teams, merchants wanting to accept crypto, and customers paying with crypto.

Network

The Chimpion network will be secured with 256 bit SSL encryption and advanced security measures will be taken to ensure privacy and data protection. The Paytomat centralized merchant dashboard and Shopping Cart Elite databases will remain on Shopping Cart Elite-hosted servers and the database vault will be hosted on Amazon EC2 for the duration of 2019. In 2020, the database vault will be migrated to the Chimpion blockchain.

BCD PAY WALLET

BCD PAY WALLET is integrated with #chimpion network, it is a mobile wallet that can be downloaded from google play store with a friendly and an easy to use interface. Every smartphone could become a sophisticated banking platform where users can transact and place orders on the go. Users can use it to send and receive a vast range of digital assets, pay for deliveries, shop online securely because it has the latest security functionality. BCD PAY WALLET GOOGLE PLAY DOWNLOAD
BCD PAY WALLET APK ANDROID DOWNLOAD The mobile application will also be made available on iOS (Apple Play Store) soon, the app will serve as a mobile payment gateway, users will be able to use digital assets to pay for services rendered to them instead of the use FIAT (Government issued currency.) that was traditionally used for payment. The wallet supports all ERC-20 tokens, all EOS tokens, Bitcoin Diamond, Bitcoin Core, Litecoin, Dash, Ethereum, Waves, Bitcore, and many others.


https://preview.redd.it/6eqhiljgpfe21.png?width=1717&format=png&auto=webp&s=5063a80e5dddbba589ee7a9a1037b25b86dfa6a4


CHIMPION CURRENT MERCHANTS

  1. BCD Bazaar
  2. Marks Jewelers
  3. Mahone’s Wallpaper Shop
  4. Rosetta Coffee

ABOUT CHIMPION TOKEN (BNANA)

BNANA is the abbreviation of CHIMPION TOKEN which was created on the EOS blockchain, it is EOS compliant. BNANA is a digital asset that is virtual & electronic which will be used as the standard mode of payment for services rendered on #chimpion platform. Users or holders can purchase merchandise from any merchants on CHIMPION powered online stores without any hiccup.

TOKEN ECONOMICS

COIN NAME: CHIMPION
TICKER: BNANA
NETWORK: EOS COMPATIBLE
TOTAL SUPPLY: 100 BILLION BNANA

COIN ALLOCATION

TEAM & ADVISORY: 5.15%
MARKETING: 7.22%
FOUNDATION PAYROLL: 10.31%
STRATEGY PARTNERS: 15.46%
COMMUNITY AIRDROP: 61.86%
THE CORE TEAM

https://preview.redd.it/5yhpxyrqpfe21.png?width=798&format=png&auto=webp&s=7b3b3a65b2750a2d96cc78da3cbb80f88ea23390



ROAD MAP
Website :https://www.chimpion.io/
White paper : https://www.chimpion.io/whitepape
User name Bounty0x : sobaint1
submitted by sobaint01 to u/sobaint01 [link] [comments]

What is the your preferred POS/Inventory solution? Just looking to see what everyone is currently using and likes.

(I posted this yesterday but got spam filtered into obscurity, hoping to get some more responses)
Doing some research for possibly starting a retail store this Fall and based on past responses it seems Shopify is the preferred inventory/POS system and seem to have everything I would want.
Just wondering if everyone is happy with it? Any other recommended alternatives? How does it compare as far as fees (card processing/monthly/etc)?
My basic requirements for systems are:
in-store and online inventory tracking integration card processing ability to create your own skus website integration (I'm web savy) 
Bonus points:
bitcoin or crypto (coinbase) integration quickbooks (or other accounting software?) integration hardware register packages (like shopify offers) gift cards 
submitted by Squatront to smallbusiness [link] [comments]

[uncensored-r/CryptoCurrency] Beginners guide to Syscoin (SYS) and why you should be investing in this cryptocurrency in 2018

The following post by one22manytimes is being replicated because some comments within the post(but not the post itself) have been openly removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ CryptoCurrency/comments/7uih1g
The original post's content was as follows:

What is Syscoin?

Some have described Syscoin (SYS) as the Shopify, Amazon and Ebay of the blockchain world. Syscoin is a revolutionary cryptocurrency that offers near zero cost financial transactions, incredible speed and provides businesses the infrastructure to trade goods, assets, digital certificates and data securely. Syscoin isn’t just about money and trading, it has the ability to attract various business types thanks to its native set of features geared towards business on the blockchain. From eBay traders and High Street shops to Medical applications, Insurance and Gaming, Syscoin’s decentralized network benefits everyone!
Syscoin is developed by Blockchain Foundry (BF). BF provides blockchain technology based services, projects and products for a wide variety of use cases with the stated aim of disrupting markets by leveraging the potential of blockchain technology. Syscoin is mainly known to be the first cryptocurrency to offer a fully decentralized marketplace based on blockchain. What is lesser known is that this is only a part of what Syscoin offers.
With the introduction of Masternodes in February or March 2018 SYS will be transformed from just a ’marketplace coin’ to a completely ‘utilitarian coin’. The Masternode infrastructure allows the addition of decentralized databases and file storage, increased transaction speed to surpass POS/Visa/Mastercard capabilities, true Turing complete smart contract capabilities for unlimited business logic, sidechains, application layers and an identity layer. This will all be accessible through an API, rather than a new language, enabling nearly any developer to create any blockchain application they can conceive. This will usher in the next generation of blockchain applications - made for new or existing businesses - by conveniently offering everything available from the blockchain space today.

SYS Origin

The blockchain as conceptualized by Satoshi Nakamoto back in 2008 envisioned a peer-to-peer electronic cash network that would prevent double-spending. A year later, the blockchain became an integral part of bitcoin, serving as the latter's public ledger of transactions. Although Nakamoto's reference client mentioned a decentralized marketplace service, the subsequent implementation did not incorporate this due to a lack of resources.
Syscoin was initially described in a 2014 draft whitepaper that envisioned Decentralized Marketplace Creation, Decentralized Smart Contracts and Documents, Decentralized Certificate Issuance and Transfer, and Decentralized Data Storage and Retrieval, as among the services that it would offer upon its release.
Syscoin aimed to bring Nakamoto's vision of a decentralized marketplace back into the blockchain, among the other commercial-grade services it aims to deliver to clients. Other services that Syscoin plans to provide include secure data storage and transfer, and unique user aliases that link their owners to the services controlled by the alias.
The early Syscoin wallet was superseded by the release of Blockmarket Desktop 1.0 on September 12, 2017, marking the culmination of Syscoin's vision of a fully decentralized marketplace with a desktop GUI based on the blockchain.
The planned release of Blockmarket Web, a fully web-based version, and Blockmarket Professional in 2018 takes that vision one step further, as more advanced seller stores become a reality.

The Team

The Team that NEVER quits! Before the launch of Syscoin (Q3 2014), there was a presale ICO by Moolah (as a partner), which turned out to be detrimental for Syscoin. The project raised around 1,000BTC for development but the Syscoin Team only managed to access 250BTC which were used for price support. Moolah (Ryan Kennedy) absconded with the bulk of the ICO funds and the Syscoin team were left with ~30million Syscoin at a price around 400 satoshi. Even after this tragic event, the devs didn’t quit and continued to work on the project without stopping. The case against Moolah is still on-going. See the article from CoinDesk here: http://www.coindesk.com/uk-court-syscoin-injunction-moolah-750-btc/.
What is this detail telling us about the dev team? While some crypto projects are just scams and bring little to no innovation, they’ve proven that they are in it for the long term - ably demonstrated by the fact that they continued to work despite their funds being stolen. And now that hard work is beginning to pay off with the entire team going full-time for the first time in January 2018 and new developers being hired following VC funding for BF.

Team Page: https://syscoin.org/team/

Blockchain Foundry Products

https://www.blockchainfoundry.co/products

What is Blockmarket Desktop?

Building on the World's First Decentralized Marketplace, Blockmarket is the newest generation of Syscoin's Desktop wallet with a complete, state-of-the-art marketplace built-in where you can securely and reliably buy and sell any items you wish. Entire stores can be created directly through the marketplace where you can sell your own products or re-sell others’ products for commission. Use of blockchain technology eliminates middlemen, credit card fees, maintenance fees, downtime and political interference. Persons are literally able to buy or sell anything to anyone, anytime, anywhere on Earth! Blockmarket Desktop was launched on September 12, 2017.

Key Blockmarket Features

  • Decentralized Marketplace The marketplace platform provides a decentralized and high redundant channel for selling goods and services. Features include:
• Price Pegging to currencies such as USD, EUR, GBP, CAD, CNY and BTC
• Bitcoin and Zcash as payment options
• Arbitrated Escrow
• Encrypted Messaging
• KYC/AML Compliance
• Images
• Unlimited Inventory Items

Name Aliases

Wallet addresses for cryptocurrencies generally consist of a unique string of between 27-34 alphanumeric characters. Such an address isn’t easy to memorize. Although the addresses can be added to an address book within the wallet, Syscoin has taken the user's convenience one step further, allowing you to create a unique Alias for your wallet address, such as a name, title, or characters specific to a username. These can be used to send SYS from home, to a mobile wallet, to work, to friends, to common suppliers or to repeat customers easily, without requiring any memorizing, writing it down, copy & pasting or emailing yourself the address.

Digital Certificates

Using the cryptography of the blockchain persons can issue, authorize, and exchange digital certificates of any kind. With Syscoin anyone can issue provably-unique certificates with text or ASCII content to one or multiple parties on the Syscoin blockchain. These certificates can be authenticated by anyone via Syscoin’s cryptographic proof of work. This allows for the creation and free exchange of any kind of digital asset such as ownership certificates, warranties, receipts, tickets, certifications, diplomas, software licenses and more.

Integrated Exchanges

Integrated Crypto exchanges - Flypme and Changelly will facilitate exchanging 30+ cryptos for SYS, directly within the Blockmarket wallet.

Security Audit Verified

Blockmarket was successfully and independently security audited by Digital Boundary Group and was deemed low risk. Audit Results: [https://medium.com/@BlockchainFoundry/blockmarket-security-audit-results-and-next-steps-f69f94f149bf]

Blockmarket Web – (The Key to Mass Adoption)

BM web will bring SYS’s existing decentralized marketplace and all its features into a web-based version, enabling ease of use with a simple email and password login (grandma friendly) without any need for downloading a wallet or waiting for sync. Blockmarket web will be launched in February 2018.

Key Syscoin Developments

Masternodes

Ability for world-class transactions-per-second performance to scale-out with added nodes (theoretically 100k TPS per 1000 Masternodes, 300k TPS/3k masternodes, etc). In later releases, masternodes will also process smart contracts and facilitate sharded+encrypted offchain file-storage (with onchain anchors), among other touted functionality. They should also result in steadying the price movements - less volatility as holding will be incentivized

Smart Contracts

Scalable Ethereum Virtual Machine: Allows Turing complete smart contracts to be executed following the ethereum protocol at a much faster speed and at a fraction of the ethereum gas price.

Assets & Token Issuance

With its token issuance service, Syscoin allows anyone to create a custom asset token which can then be sent directly to anyone else on the network. This facilitates a variety of use cases including ICO token issuance, supply chain management, reward points, and loyalty programs.

Anonymous Transactions

Anonymous transactions: via mixing/shuffling at user-specified denomination. Afterwards, additional tech will be added in the near future which will further compound the degree of anonymity provided -Add ValueShuffle running o...
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

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