Go to secure 2FA on a Blockchain. SMS messages are the ...

How To End The Cryptocurrency Exchange "Wild West" Without Crippling Innovation


In case you haven't noticed the consultation paper, staff notice, and report on Quadriga, regulators are now clamping down on Canadian cryptocurrency exchanges. The OSC and other regulatory bodies are still interested in industry feedback. They have not put forward any official regulation yet. Below are some ideas/insights and a proposed framework.



Many of you have limited time to read the full proposal, so here are the highlights:

Offline Multi-Signature

Effective standards to prevent both internal and external theft. Exchange operators are trained and certified, and have a legal responsibility to users.

Regular Transparent Audits

Provides visibility to Canadians that their funds are fully backed on the exchange, while protecting privacy and sensitive platform information.

Insurance Requirements

Establishment of basic insurance standards/strategy, to expand over time. Removing risk to exchange users of any hot wallet theft.


Background and Justifications


Cold Storage Custody/Management
After reviewing close to 100 cases, all thefts tend to break down into more or less the same set of problems:
• Funds stored online or in a smart contract,
• Access controlled by one person or one system,
• 51% attacks (rare),
• Funds sent to the wrong address (also rare), or
• Some combination of the above.
For the first two cases, practical solutions exist and are widely implemented on exchanges already. Offline multi-signature solutions are already industry standard. No cases studied found an external theft or exit scam involving an offline multi-signature wallet implementation. Security can be further improved through minimum numbers of signatories, background checks, providing autonomy and legal protections to each signatory, establishing best practices, and a training/certification program.
The last two transaction risks occur more rarely, and have never resulted in a loss affecting the actual users of the exchange. In all cases to date where operators made the mistake, they've been fully covered by the exchange platforms.
• 51% attacks generally only occur on blockchains with less security. The most prominent cases have been Bitcoin Gold and Ethereum Classic. The simple solution is to enforce deposit limits and block delays such that a 51% attack is not cost-effective.
• The risk of transactions to incorrect addresses can be eliminated by a simple test transaction policy on large transactions. By sending a small amount of funds prior to any large withdrawals/transfers as a standard practice, the accuracy of the wallet address can be validated.
The proposal covers all loss cases and goes beyond, while avoiding significant additional costs, risks, and limitations which may be associated with other frameworks like SOC II.

On The Subject of Third Party Custodians
Many Canadian platforms are currently experimenting with third party custody. From the standpoint of the exchange operator, they can liberate themselves from some responsibility of custody, passing that off to someone else. For regulators, it puts crypto in similar categorization to oil, gold, and other commodities, with some common standards. Platform users would likely feel greater confidence if the custodian was a brand they recognized. If the custodian was knowledgeable and had a decent team that employed multi-sig, they could keep assets safe from internal theft. With the right protections in place, this could be a great solution for many exchanges, particularly those that lack the relevant experience or human resources for their own custody systems.
However, this system is vulnerable to anyone able to impersonate the exchange operators. You may have a situation where different employees who don't know each other that well are interacting between different companies (both the custodian and all their customers which presumably isn't just one exchange). A case study of what can go wrong in this type of environment might be Bitpay, where the CEO was tricked out of 5000 bitcoins over 3 separate payments by a series of emails sent legitimately from a breached computer of another company CEO. It's also still vulnerable to the platform being compromised, as in the really large $70M Bitfinex hack, where the third party Bitgo held one key in a multi-sig wallet. The hacker simply authorized the withdrawal using the same credentials as Bitfinex (requesting Bitgo to sign multiple withdrawal transactions). This succeeded even with the use of multi-sig and two heavily security-focused companies, due to the lack of human oversight (basically, hot wallet). Of course, you can learn from these cases and improve the security, but so can hackers improve their deception and at the end of the day, both of these would have been stopped by the much simpler solution of a qualified team who knew each other and employed multi-sig with properly protected keys. It's pretty hard to beat a human being who knows the business and the typical customer behaviour (or even knows their customers personally) at spotting fraud, and the proposed multi-sig means any hacker has to get through the scrutiny of 3 (or more) separate people, all of whom would have proper training including historical case studies.
There are strong arguments both for and against using use of third party custodians. The proposal sets mandatory minimum custody standards would apply regardless if the cold wallet signatories are exchange operators, independent custodians, or a mix of both.

On The Subject Of Insurance
ShakePay has taken the first steps into this new realm (congratulations). There is no question that crypto users could be better protected by the right insurance policies, and it certainly feels better to transact with insured platforms. The steps required to obtain insurance generally place attention in valuable security areas, and in this case included a review from CipherTrace. One of the key solutions in traditional finance comes from insurance from entities such as the CDIC.
However, historically, there wasn't found any actual insurance payout to any cryptocurrency exchange, and there are notable cases where insurance has not paid. With Bitpay, for example, the insurance agent refused because the issue happened to the third party CEO's computer instead of anything to do with Bitpay itself. With the Youbit exchange in South Korea, their insurance claim was denied, and the exchange ultimately ended up instead going bankrupt with all user's funds lost. To quote Matt Johnson in the original Lloyd's article: “You can create an insurance policy that protects no one – you know there are so many caveats to the policy that it’s not super protective.”
ShakePay's insurance was only reported to cover their cold storage, and “physical theft of the media where the private keys are held”. Physical theft has never, in the history of cryptocurrency exchange cases reviewed, been reported as the cause of loss. From the limited information of the article, ShakePay made it clear their funds are in the hands of a single US custodian, and at least part of their security strategy is to "decline[] to confirm the custodian’s name on the record". While this prevents scrutiny of the custodian, it's pretty silly to speculate that a reasonably competent hacking group couldn't determine who the custodian is. A far more common infiltration strategy historically would be social engineering, which has succeeded repeatedly. A hacker could trick their way into ShakePay's systems and request a fraudulent withdrawal, impersonate ShakePay and request the custodian to move funds, or socially engineer their way into the custodian to initiate the withdrawal of multiple accounts (a payout much larger than ShakePay) exploiting the standard procedures (for example, fraudulently initiating or override the wallet addresses of a real transfer). In each case, nothing was physically stolen and the loss is therefore not covered by insurance.
In order for any insurance to be effective, clear policies have to be established about what needs to be covered. Anything short of that gives Canadians false confidence that they are protected when they aren't in any meaningful way. At this time, the third party insurance market does not appear to provide adequate options or coverage, and effort is necessary to standardize custody standards, which is a likely first step in ultimately setting up an insurance framework.
A better solution compared to third party insurance providers might be for Canadian exchange operators to create their own collective insurance fund, or a specific federal organization similar to the CDIC. Such an organization would have a greater interest or obligation in paying out actual cases, and that would be it's purpose rather than maximizing it's own profit. This would be similar to the SAFU which Binance has launched, except it would cover multiple exchanges. There is little question whether the SAFU would pay out given a breach of Binance, and a similar argument could be made for a insurance fund managed by a collective of exchange operators or a government organization. While a third party insurance provider has the strong market incentive to provide the absolute minimum coverage and no market incentive to payout, an entity managed by exchange operators would have incentive to protect the reputation of exchange operators/the industry, and the government should have the interest of protecting Canadians.

On The Subject of Fractional Reserve
There is a long history of fractional reserve failures, from the first banks in ancient times, through the great depression (where hundreds of fractional reserve banks failed), right through to the 2008 banking collapse referenced in the first bitcoin block. The fractional reserve system allows banks to multiply the money supply far beyond the actual cash (or other assets) in existence, backed only by a system of debt obligations of others. Safely supporting a fractional reserve system is a topic of far greater complexity than can be addressed by a simple policy, and when it comes to cryptocurrency, there is presently no entity reasonably able to bail anyone out in the event of failure. Therefore, this framework is addressed around entities that aim to maintain 100% backing of funds.
There may be some firms that desire but have failed to maintain 100% backing. In this case, there are multiple solutions, including outside investment, merging with other exchanges, or enforcing a gradual restoration plan. All of these solutions are typically far better than shutting down the exchange, and there are multiple cases where they've been used successfully in the past.

Proof of Reserves/Transparency/Accountability
Canadians need to have visibility into the backing on an ongoing basis.
The best solution for crypto-assets is a Proof of Reserve. Such ideas go back all the way to 2013, before even Mt. Gox. However, no Canadian exchange has yet implemented such a system, and only a few international exchanges (CoinFloor in the UK being an example) have. Many firms like Kraken, BitBuy, and now ShakePay use the Proof of Reserve term to refer to lesser proofs which do not actually cryptographically prove the full backing of all user assets on the blockchain. In order for a Proof of Reserve to be effective, it must actually be a complete proof, and it needs to be understood by the public that is expected to use it. Many firms have expressed reservations about the level of transparency required in a complete Proof of Reserve (for example Kraken here). While a complete Proof of Reserves should be encouraged, and there are some solutions in the works (ie TxQuick), this is unlikely to be suitable universally for all exchange operators and users.
Given the limitations, and that firms also manage fiat assets, a more traditional audit process makes more sense. Some Canadian exchanges (CoinSquare, CoinBerry) have already subjected themselves to annual audits. However, these results are not presently shared publicly, and there is no guarantee over the process including all user assets or the integrity and independence of the auditor. The auditor has been typically not known, and in some cases, the identity of the auditor is protected by a NDA. Only in one case (BitBuy) was an actual report generated and publicly shared. There has been no attempt made to validate that user accounts provided during these audits have been complete or accurate. A fraudulent fractional exchange, or one which had suffered a breach they were unwilling to publicly accept (see CoinBene), could easily maintain a second set of books for auditors or simply exclude key accounts to pass an individual audit.
The proposed solution would see a reporting standard which includes at a minimum - percentage of backing for each asset relative to account balances and the nature of how those assets are stored, with ownership proven by the auditor. The auditor would also publicly provide a "hash list", which they independently generate from the accounts provided by the exchange. Every exchange user can then check their information against this public "hash list". A hash is a one-way form of encryption, which fully protects the private information, yet allows anyone who knows that information already to validate that it was included. Less experienced users can take advantage of public tools to calculate the hash from their information (provided by the exchange), and thus have certainty that the auditor received their full balance information. Easy instructions can be provided.
Auditors should be impartial, their identities and process public, and they should be rotated so that the same auditor is never used twice in a row. Balancing the cost of auditing against the needs for regular updates, a 6 month cycle likely makes the most sense.

Hot Wallet Management
The best solution for hot wallets is not to use them. CoinBerry reportedly uses multi-sig on all withdrawals, and Bitmex is an international example known for their structure devoid of hot wallets.
However, many platforms and customers desire fast withdrawal processes, and human validation has a cost of time and delay in this process.
A model of self-insurance or separate funds for hot wallets may be used in these cases. Under this model, a platform still has 100% of their client balance in cold storage and holds additional funds in hot wallets for quick withdrawal. Thus, the risk of those hot wallets is 100% on exchange operators and not affecting the exchange users. Since most platforms typically only have 1%-5% in hot wallets at any given time, it shouldn't be unreasonable to build/maintain these additional reserves over time using exchange fees or additional investment. Larger withdrawals would still be handled at regular intervals from the cold storage.
Hot wallet risks have historically posed a large risk and there is no established standard to guarantee secure hot wallets. When the government of South Korea dispatched security inspections to multiple exchanges, the results were still that 3 of them got hacked after the inspections. If standards develop such that an organization in the market is willing to insure the hot wallets, this could provide an acceptable alternative. Another option may be for multiple exchange operators to pool funds aside for a hot wallet insurance fund. Comprehensive coverage standards must be established and maintained for all hot wallet balances to make sure Canadians are adequately protected.

Current Draft Proposal

(1) Proper multi-signature cold wallet storage.
(a) Each private key is the personal and legal responsibility of one person - the “signatory”. Signatories have special rights and responsibilities to protect user assets. Signatories are trained and certified through a course covering (1) past hacking and fraud cases, (2) proper and secure key generation, and (3) proper safekeeping of private keys. All private keys must be generated and stored 100% offline by the signatory. If even one private keys is ever breached or suspected to be breached, the wallet must be regenerated and all funds relocated to a new wallet.
(b) All signatories must be separate background-checked individuals free of past criminal conviction. Canadians should have a right to know who holds their funds. All signing of transactions must take place with all signatories on Canadian soil or on the soil of a country with a solid legal system which agrees to uphold and support these rules (from an established white-list of countries which expands over time).
(c) 3-5 independent signatures are required for any withdrawal. There must be 1-3 spare signatories, and a maximum of 7 total signatories. The following are all valid combinations: 3of4, 3of5, 3of6, 4of5, 4of6, 4of7, 5of6, or 5of7.
(d) A security audit should be conducted to validate the cold wallet is set up correctly and provide any additional pertinent information. The primary purpose is to ensure that all signatories are acting independently and using best practices for private key storage. A report summarizing all steps taken and who did the audit will be made public. Canadians must be able to validate the right measures are in place to protect their funds.
(e) There is a simple approval process if signatories wish to visit any country outside Canada, with a potential whitelist of exempt countries. At most 2 signatories can be outside of aligned jurisdiction at any given time. All exchanges would be required to keep a compliant cold wallet for Canadian funds and have a Canadian office if they wish to serve Canadian customers.
(2) Regular and transparent solvency audits.
(a) An audit must be conducted at founding, after 3 months of operation, and at least once every 6 months to compare customer balances against all stored cryptocurrency and fiat balances. The auditor must be known, independent, and never the same twice in a row.
(b) An audit report will be published featuring the steps conducted in a readable format. This should be made available to all Canadians on the exchange website and on a government website. The report must include what percentage of each customer asset is backed on the exchange, and how those funds are stored.
(c) The auditor will independently produce a hash of each customer's identifying information and balance as they perform the audit. This will be made publicly available on the exchange and government website, along with simplified instructions that each customer can use to verify that their balance was included in the audit process.
(d) The audit needs to include a proof of ownership for any cryptocurrency wallets included. A satoshi test (spending a small amount) or partially signed transaction both qualify.
(e) Any platform without 100% reserves should be assessed on a regular basis by a government or industry watchdog. This entity should work to prevent any further drop, support any private investor to come in, or facilitate a merger so that 100% backing can be obtained as soon as possible.
(3) Protections for hot wallets and transactions.
(a) A standardized list of approved coins and procedures will be established to constitute valid cold storage wallets. Where a multi-sig process is not natively available, efforts will be undertaken to establish a suitable and stable smart contract standard. This list will be expanded and improved over time. Coins and procedures not on the list are considered hot wallets.
(b) Hot wallets can be backed by additional funds in cold storage or an acceptable third-party insurance provider with a comprehensive coverage policy.
(c) Exchanges are required to cover the full balance of all user funds as denominated in the same currency, or double the balance as denominated in bitcoin or CAD using an established trading rate. If the balance is ever insufficient due to market movements, the firm must rectify this within 24 hours by moving assets to cold storage or increasing insurance coverage.
(d) Any large transactions (above a set threshold) from cold storage to any new wallet addresses (not previously transacted with) must be tested with a smaller transaction first. Deposits of cryptocurrency must be limited to prevent economic 51% attacks. Any issues are to be covered by the exchange.
(e) Exchange platforms must provide suitable authentication for users, including making available approved forms of two-factor authentication. SMS-based authentication is not to be supported. Withdrawals must be blocked for 48 hours in the event of any account password change. Disputes on the negligence of exchanges should be governed by case law.

Steps Forward

Continued review of existing OSC feedback is still underway. More feedback and opinions on the framework and ideas as presented here are extremely valuable. The above is a draft and not finalized.
The process of further developing and bringing a suitable framework to protect Canadians will require the support of exchange operators, legal experts, and many others in the community. The costs of not doing such are tremendous. A large and convoluted framework, one based on flawed ideas or implementation, or one which fails to properly safeguard Canadians is not just extremely expensive and risky for all Canadians, severely limiting to the credibility and reputation of the industry, but an existential risk to many exchanges.
The responsibility falls to all of us to provide our insight and make our opinions heard on this critical matter. Please take the time to give your thoughts.
submitted by azoundria2 to QuadrigaInitiative [link] [comments]

I think the future is already here. cash will soon be less important. don't you think?

Central bank digital currencies are a digital representation of a country’s fiat currency .the concept CBDC has gained prominence over recent years This has been mainly due to advances in blockchain technology, allowing the issuance of digital tokens that represent a store of value.
Furthermore, the move toward CBDCs supports the general trend of a more cashless society. CBDCs offer many comparable benefits to cryptocurrencies, such as Bitcoin. Hours of operation for banks limit the availability of transactions, whereas CBDCs could be available to transact on a 24/7 basis
Like cryptocurrencies, CBDCs could be available to anyone who has a smartphone, helping to improve financial inclusion, particularly to people in rural areas without access to physical banking infrastructure such as ATMs. Countries such as Kenya have already seen an improvement in financial inclusion due to the popularity of M-Pesa, a cashless payment app based on SMS.
There are other benefits in using CBDCs beyond the general advantages of digital currencies. Central banks spend money to print money, with the average cost of minting a one-dollar bill racking up around $0.077 per note. Digital currencies are cheap or sometimes even free to produce
This represents a great advance in the financial industry, since for example with Covid-19 crisis the United States government was forced to issue checks, since they did not have a large amount of cash
submitted by gregoricordova to revain_org [link] [comments]

MLM Business with Ethereum Dapp and Smart Contract

An MLM software company having more than 15 years of experience with a team of 20+ professionals who are experienced in providing software solutions for new trade around 44 countries.
An MLM programming bundle gave progressed on-line installment procedures is imperative for an MLM organization to maintain an undefeated system promoting business. Bitcoin Integrated MLM programming has extraordinary favorable circumstances nowadays.
Bitcoin trade assumes a critical part of the MLM business around the world. In the event that you have a startup in MLM industry, Our MLM bitcoin software will uncommonly helpful in working together over the world.
📷MLM software is backbone for success of any network marketing organization. It is suitable for both start-ups to mature direct selling companies. There are many mlm companies who are looking for way to succeed in their business. It’s hard to earn distributors and clients to sell your products and improve mlm business. MLM software focus on enrolling distributors and clients to your MLM Company to sell your products and services. This software has so many advantages for all kind of network marketing company. Our MLM software is dedicated to provide fast and reliable software solutions and services to mlm companies. It also focuses on changing distributor behaviour that drives productivity and retention. We are progressive company, identifies and adapting to new technologies in MLM business. We meet many unique challenges in this direct selling industry to create new solutions for our clients.Our team is completely dedicated to providing flexible, stable MLM Software to extend the MLM business concept to a huge success point. We also keep an eye on the latest technological developments so we can improve the MLM software with different latest features built into the Readymade MLM software. We always want to remind you of the most reliable software, data back-up, and support.📷

What is smart contract-enabled MLM?

A smart contract provides the most reliable and tenable structure for executing voluminous transactions without compromising speed or security. The tools and functions of the smart contracts make it an ideal option for any sort of task that involves the exchange of assets from one place to another. The synergy of the whole campaign can be tackled with this technology and it gives you various other benefits as well.
Integration of Smart Contract
When it comes to making smart contracts impeccable for your business, you need to take the forward approach and make the development process more strategic. With this open-source structure, you can bring about positive changes and make your business inclined towards revolutionary mechanisms like peer to peer architecture. It does not only rule out the chances of errors but also give you an upper-hand in operations. This technology helps in establishing a secure network between the end-users and wholesalers. Furthermore, the integration process gives you an insight into the precision of the transactions and it also makes the authorization techniques better.
The blend of Cryptocurrency and MLM
Cryptocurrency makes use of the distributed decentralized ledger and it also keeps you ahead in chasing profits through continuous trading sessions. The implementation and customizing of the strategy give you a systematic process and it makes your enterprise invulnerable to any sort of cyber hoax. While handling different projects, this solution helps you get conducive methods that keep you one step ahead. You can also start various other ventures that give you positive outcomes in every quarter.📷

Successful ventures that used a Crypto-MLM network:

Etrix.io
Etrix.io has built its network application that makes use of Ethereum and totally redefines the scope of smart contracts for its users. On its algorithm, the codes run in the most anonymous way and give you a chance to eliminate the chances of unauthorized sharing of information. It focuses on delivering fast transactions that help you enhance the income, it also facilitates the distribution of tokens among various members.
Forsage
This platform has been developed using an Ethereum-based MLM script that provides a 100% decentralized environment. It makes the most of smart contracts and gives you the leverage of the essential factors of the blockchain technology. By using this platform, you can get familiar with different plans such as Matrix, Binary, and Unilevel.
Some notable advantages of using Forsage Clone Script
Ethereums Cash
It was introduced as a website that allowed the establishment of the Ethereum network with smart contracts. On this platform, the users can use the essential merits of ETH to deliver a large number of transactions while lowering the risks involved in trading. Two types of wallets you can use on this website:
Million Money
It is a one-of-its-kind decentralized app that facilitates the transactions of digital assets using the Ethereum standard at its best. One of the benefits of using this platform is that the contracts cannot be changed. Moreover, the security aspects are unmatched and the amount of transactions you can execute is way better than many other similar platforms. Besides being open-source, it gives you many other advantages such as the auditing section and seamless transfers of coins from one wallet to another. On this platform, you get an ideal environment and productive condition for engaging in profitable buying and selling.
Doubleway
Doubleway has been providing a great range of features and tools to its users. It does not only create a productive environment, but it also succeeds in giving positive results in every single task. It keeps the transactions secure while keeping charges in check and assuring results that are affirming for both the parties involved. This is a platform that you can trust for executing a high volume of transactions sans being worrying about cost, security, or speed.

Advantages you get by blending MLM with Ethereum

Why choose us for Crypto MLM software development?

Crypto MLM Developer gives you premium services when it comes to adapting the power of crypto MLM, we enable your business to take forward steps using this technology at its best. Our developers have mastered Ethereum and can give you the most befitting Dapps as per the nature and needs of your business. We help you embrace this blended concept that renders the growth of the company easier than ever. The make the development of smart contracts and Ethereum Dapps most productive for every enterprise without raising the cost.

Key Features of Global MLM Software

Our software is packed with key advanced features to transform your business. The features and compensation rules can be customized according to your business needs

e-Wallet

The E-wallet plays the role of the virtual money where the members are capable of making transactions. All the incomes and expenses are stored in the form the virtual money.

Genealogy Tree

Genealogy Tree is a user-friendly approach to representing the down-line members under you. It describes of team structure in the form of a tree.

ePIN

Inbuilt e-PIN generator. Member can register using Epin and also Topup their wallet using Epin. Member can generate Epin from their wallet balance automatically

Rank & Rewards

Various Rank setting and Reward setting options to promote hard working affiliates. Level completion and Target Income can be configured depending on business plan.

User Management

Complete User management including user blocking, password reset, delete user, edit user, transfer user and many more. KYC Compliance is also Included.

CMS integration

CMS solves the painful task of updating the content everytime by providing a simple interface through which anyone who has basic computer skills can update content without much effort.

Multi Tier Security

Software includes Multi Tier Authentication machanism. This enables users access the application with peace of mind and perform online transactions.

Business Reports

Wide range of KPIs and reports generated for Business consumption. This enables business to take the appropriate business decisions based on market need.

E-commerce integration *

Global MLM solution can be integrated with E commerce plugins like Magento and Opencart. E commerce integration with your MLM software can take your business across continents.

Repurchase System *

Sell your products/services qith our software and share commission to members, Set per product commission, gap commission, level commission, BV and much more.

SMS Integration *

This is a free feature, where the members can be notified via SMS. The business team can set the SMS notification rules to notify users on different occasions

Payment Gateway *

Wide range of Payment Gateways to enable your users to pay you smoothly online. We offer Instamojo, Payumoney, Coinpayments, Paypal and Block.io.
submitted by ogsoftwaremalaysiakl to u/ogsoftwaremalaysiakl [link] [comments]

MLM Software with ethereum smart contract Dapp

An MLM software company having more than 15 years of experience with a team of 20+ professionals who are experienced in providing software solutions for new trade around 44 countries.
An MLM programming bundle gave progressed on-line installment procedures is imperative for an MLM organization to maintain an undefeated system promoting business. Bitcoin Integrated MLM programming has extraordinary favorable circumstances nowadays.
Bitcoin trade assumes a critical part of the MLM business around the world. In the event that you have a startup in MLM industry, Our MLM bitcoin software will uncommonly helpful in working together over the world.
📷 MLM software is backbone for success of any network marketing organization. It is suitable for both start-ups to mature direct selling companies. There are many mlm companies who are looking for way to succeed in their business. It’s hard to earn distributors and clients to sell your products and improve mlm business. MLM software focus on enrolling distributors and clients to your MLM Company to sell your products and services. This software has so many advantages for all kind of network marketing company. Our MLM software is dedicated to provide fast and reliable software solutions and services to mlm companies. It also focuses on changing distributor behaviour that drives productivity and retention. We are progressive company, identifies and adapting to new technologies in MLM business. We meet many unique challenges in this direct selling industry to create new solutions for our clients.Our team is completely dedicated to providing flexible, stable MLM Software to extend the MLM business concept to a huge success point. We also keep an eye on the latest technological developments so we can improve the MLM software with different latest features built into the Readymade MLM software. We always want to remind you of the most reliable software, data back-up, and support.📷

What is smart contract-enabled MLM?

A smart contract provides the most reliable and tenable structure for executing voluminous transactions without compromising speed or security. The tools and functions of the smart contracts make it an ideal option for any sort of task that involves the exchange of assets from one place to another. The synergy of the whole campaign can be tackled with this technology and it gives you various other benefits as well.
Integration of Smart Contract
When it comes to making smart contracts impeccable for your business, you need to take the forward approach and make the development process more strategic. With this open-source structure, you can bring about positive changes and make your business inclined towards revolutionary mechanisms like peer to peer architecture. It does not only rule out the chances of errors but also give you an upper-hand in operations. This technology helps in establishing a secure network between the end-users and wholesalers. Furthermore, the integration process gives you an insight into the precision of the transactions and it also makes the authorization techniques better.
The blend of Cryptocurrency and MLM
Cryptocurrency makes use of the distributed decentralized ledger and it also keeps you ahead in chasing profits through continuous trading sessions. The implementation and customizing of the strategy give you a systematic process and it makes your enterprise invulnerable to any sort of cyber hoax. While handling different projects, this solution helps you get conducive methods that keep you one step ahead. You can also start various other ventures that give you positive outcomes in every quarter.📷

Successful ventures that used a Crypto-MLM network:

Etrix.io
Etrix.io has built its network application that makes use of Ethereum and totally redefines the scope of smart contracts for its users. On its algorithm, the codes run in the most anonymous way and give you a chance to eliminate the chances of unauthorized sharing of information. It focuses on delivering fast transactions that help you enhance the income, it also facilitates the distribution of tokens among various members.
Forsage
This platform has been developed using an Ethereum-based MLM script that provides a 100% decentralized environment. It makes the most of smart contracts and gives you the leverage of the essential factors of the blockchain technology. By using this platform, you can get familiar with different plans such as Matrix, Binary, and Unilevel.
Some notable advantages of using Forsage Clone Script
Ethereums Cash
It was introduced as a website that allowed the establishment of the Ethereum network with smart contracts. On this platform, the users can use the essential merits of ETH to deliver a large number of transactions while lowering the risks involved in trading. Two types of wallets you can use on this website:
Million Money
It is a one-of-its-kind decentralized app that facilitates the transactions of digital assets using the Ethereum standard at its best. One of the benefits of using this platform is that the contracts cannot be changed. Moreover, the security aspects are unmatched and the amount of transactions you can execute is way better than many other similar platforms. Besides being open-source, it gives you many other advantages such as the auditing section and seamless transfers of coins from one wallet to another. On this platform, you get an ideal environment and productive condition for engaging in profitable buying and selling.
Doubleway
Doubleway has been providing a great range of features and tools to its users. It does not only create a productive environment, but it also succeeds in giving positive results in every single task. It keeps the transactions secure while keeping charges in check and assuring results that are affirming for both the parties involved. This is a platform that you can trust for executing a high volume of transactions sans being worrying about cost, security, or speed.

Advantages you get by blending MLM with Ethereum

Why choose us for Crypto MLM software development?

Crypto MLM Developer gives you premium services when it comes to adapting the power of crypto MLM, we enable your business to take forward steps using this technology at its best. Our developers have mastered Ethereum and can give you the most befitting Dapps as per the nature and needs of your business. We help you embrace this blended concept that renders the growth of the company easier than ever. The make the development of smart contracts and Ethereum Dapps most productive for every enterprise without raising the cost.

Key Features of Global MLM Software

Our software is packed with key advanced features to transform your business. The features and compensation rules can be customized according to your business needs

e-Wallet

The E-wallet plays the role of the virtual money where the members are capable of making transactions. All the incomes and expenses are stored in the form the virtual money.

Genealogy Tree

Genealogy Tree is a user-friendly approach to representing the down-line members under you. It describes of team structure in the form of a tree.

ePIN

Inbuilt e-PIN generator. Member can register using Epin and also Topup their wallet using Epin. Member can generate Epin from their wallet balance automatically

Rank & Rewards

Various Rank setting and Reward setting options to promote hard working affiliates. Level completion and Target Income can be configured depending on business plan.

User Management

Complete User management including user blocking, password reset, delete user, edit user, transfer user and many more. KYC Compliance is also Included.

CMS integration

CMS solves the painful task of updating the content everytime by providing a simple interface through which anyone who has basic computer skills can update content without much effort.

Multi Tier Security

Software includes Multi Tier Authentication machanism. This enables users access the application with peace of mind and perform online transactions.

Business Reports

Wide range of KPIs and reports generated for Business consumption. This enables business to take the appropriate business decisions based on market need.

E-commerce integration *

Global MLM solution can be integrated with E commerce plugins like Magento and Opencart. E commerce integration with your MLM software can take your business across continents.

Repurchase System *

Sell your products/services qith our software and share commission to members, Set per product commission, gap commission, level commission, BV and much more.

SMS Integration *

This is a free feature, where the members can be notified via SMS. The business team can set the SMS notification rules to notify users on different occasions

Payment Gateway *

Wide range of Payment Gateways to enable your users to pay you smoothly online. We offer Instamojo, Payumoney, Coinpayments, Paypal and Block.io.
submitted by MLMsoftwarecompanykl to u/MLMsoftwarecompanykl [link] [comments]

MLM Business with Ethereum Dapp and Smart Contract

An MLM software company having more than 15 years of experience with a team of 20+ professionals who are experienced in providing software solutions for new trade around 44 countries.
An MLM programming bundle gave progressed on-line installment procedures is imperative for an MLM organization to maintain an undefeated system promoting business. Bitcoin Integrated MLM programming has extraordinary favorable circumstances nowadays.
Bitcoin trade assumes a critical part of the MLM business around the world. In the event that you have a startup in MLM industry, Our MLM bitcoin software will uncommonly helpful in working together over the world.
📷MLM software is backbone for success of any network marketing organization. It is suitable for both start-ups to mature direct selling companies. There are many mlm companies who are looking for way to succeed in their business. It’s hard to earn distributors and clients to sell your products and improve mlm business. MLM software focus on enrolling distributors and clients to your MLM Company to sell your products and services. This software has so many advantages for all kind of network marketing company. Our MLM software is dedicated to provide fast and reliable software solutions and services to mlm companies. It also focuses on changing distributor behaviour that drives productivity and retention. We are progressive company, identifies and adapting to new technologies in MLM business. We meet many unique challenges in this direct selling industry to create new solutions for our clients.Our team is completely dedicated to providing flexible, stable MLM Software to extend the MLM business concept to a huge success point. We also keep an eye on the latest technological developments so we can improve the MLM software with different latest features built into the Readymade MLM software. We always want to remind you of the most reliable software, data back-up, and support.📷

What is smart contract-enabled MLM?

A smart contract provides the most reliable and tenable structure for executing voluminous transactions without compromising speed or security. The tools and functions of the smart contracts make it an ideal option for any sort of task that involves the exchange of assets from one place to another. The synergy of the whole campaign can be tackled with this technology and it gives you various other benefits as well.
Integration of Smart Contract
When it comes to making smart contracts impeccable for your business, you need to take the forward approach and make the development process more strategic. With this open-source structure, you can bring about positive changes and make your business inclined towards revolutionary mechanisms like peer to peer architecture. It does not only rule out the chances of errors but also give you an upper-hand in operations. This technology helps in establishing a secure network between the end-users and wholesalers. Furthermore, the integration process gives you an insight into the precision of the transactions and it also makes the authorization techniques better.
The blend of Cryptocurrency and MLM
Cryptocurrency makes use of the distributed decentralized ledger and it also keeps you ahead in chasing profits through continuous trading sessions. The implementation and customizing of the strategy give you a systematic process and it makes your enterprise invulnerable to any sort of cyber hoax. While handling different projects, this solution helps you get conducive methods that keep you one step ahead. You can also start various other ventures that give you positive outcomes in every quarter.📷

Successful ventures that used a Crypto-MLM network:

Etrix.io
Etrix.io has built its network application that makes use of Ethereum and totally redefines the scope of smart contracts for its users. On its algorithm, the codes run in the most anonymous way and give you a chance to eliminate the chances of unauthorized sharing of information. It focuses on delivering fast transactions that help you enhance the income, it also facilitates the distribution of tokens among various members.
Forsage
This platform has been developed using an Ethereum-based MLM script that provides a 100% decentralized environment. It makes the most of smart contracts and gives you the leverage of the essential factors of the blockchain technology. By using this platform, you can get familiar with different plans such as Matrix, Binary, and Unilevel.
Some notable advantages of using Forsage Clone Script
Ethereums Cash
It was introduced as a website that allowed the establishment of the Ethereum network with smart contracts. On this platform, the users can use the essential merits of ETH to deliver a large number of transactions while lowering the risks involved in trading. Two types of wallets you can use on this website:
Million Money
It is a one-of-its-kind decentralized app that facilitates the transactions of digital assets using the Ethereum standard at its best. One of the benefits of using this platform is that the contracts cannot be changed. Moreover, the security aspects are unmatched and the amount of transactions you can execute is way better than many other similar platforms. Besides being open-source, it gives you many other advantages such as the auditing section and seamless transfers of coins from one wallet to another. On this platform, you get an ideal environment and productive condition for engaging in profitable buying and selling.
Doubleway
Doubleway has been providing a great range of features and tools to its users. It does not only create a productive environment, but it also succeeds in giving positive results in every single task. It keeps the transactions secure while keeping charges in check and assuring results that are affirming for both the parties involved. This is a platform that you can trust for executing a high volume of transactions sans being worrying about cost, security, or speed.

Advantages you get by blending MLM with Ethereum

Why choose us for Crypto MLM software development?

Crypto MLM Developer gives you premium services when it comes to adapting the power of crypto MLM, we enable your business to take forward steps using this technology at its best. Our developers have mastered Ethereum and can give you the most befitting Dapps as per the nature and needs of your business. We help you embrace this blended concept that renders the growth of the company easier than ever. The make the development of smart contracts and Ethereum Dapps most productive for every enterprise without raising the cost.

Key Features of Global MLM Software

Our software is packed with key advanced features to transform your business. The features and compensation rules can be customized according to your business needs

e-Wallet

The E-wallet plays the role of the virtual money where the members are capable of making transactions. All the incomes and expenses are stored in the form the virtual money.

Genealogy Tree

Genealogy Tree is a user-friendly approach to representing the down-line members under you. It describes of team structure in the form of a tree.

ePIN

Inbuilt e-PIN generator. Member can register using Epin and also Topup their wallet using Epin. Member can generate Epin from their wallet balance automatically

Rank & Rewards

Various Rank setting and Reward setting options to promote hard working affiliates. Level completion and Target Income can be configured depending on business plan.

User Management

Complete User management including user blocking, password reset, delete user, edit user, transfer user and many more. KYC Compliance is also Included.

CMS integration

CMS solves the painful task of updating the content everytime by providing a simple interface through which anyone who has basic computer skills can update content without much effort.

Multi Tier Security

Software includes Multi Tier Authentication machanism. This enables users access the application with peace of mind and perform online transactions.

Business Reports

Wide range of KPIs and reports generated for Business consumption. This enables business to take the appropriate business decisions based on market need.

E-commerce integration *

Global MLM solution can be integrated with E commerce plugins like Magento and Opencart. E commerce integration with your MLM software can take your business across continents.

Repurchase System *

Sell your products/services qith our software and share commission to members, Set per product commission, gap commission, level commission, BV and much more.

SMS Integration *

This is a free feature, where the members can be notified via SMS. The business team can set the SMS notification rules to notify users on different occasions

Payment Gateway *

Wide range of Payment Gateways to enable your users to pay you smoothly online. We offer Instamojo, Payumoney, Coinpayments, Paypal and Block.io.
submitted by Mlmsoftwaremy to u/Mlmsoftwaremy [link] [comments]

MLM Business with Ethereum Dapp and Smart Contract

An MLM software company having more than 15 years of experience with a team of 20+ professionals who are experienced in providing software solutions for new trade around 44 countries.
An MLM programming bundle gave progressed on-line installment procedures is imperative for an MLM organization to maintain an undefeated system promoting business. Bitcoin Integrated MLM programming has extraordinary favorable circumstances nowadays.
Bitcoin trade assumes a critical part of the MLM business around the world. In the event that you have a startup in MLM industry, Our MLM bitcoin software will uncommonly helpful in working together over the world.
📷MLM software is backbone for success of any network marketing organization. It is suitable for both start-ups to mature direct selling companies. There are many mlm companies who are looking for way to succeed in their business. It’s hard to earn distributors and clients to sell your products and improve mlm business. MLM software focus on enrolling distributors and clients to your MLM Company to sell your products and services. This software has so many advantages for all kind of network marketing company. Our MLM software is dedicated to provide fast and reliable software solutions and services to mlm companies. It also focuses on changing distributor behaviour that drives productivity and retention. We are progressive company, identifies and adapting to new technologies in MLM business. We meet many unique challenges in this direct selling industry to create new solutions for our clients.Our team is completely dedicated to providing flexible, stable MLM Software to extend the MLM business concept to a huge success point. We also keep an eye on the latest technological developments so we can improve the MLM software with different latest features built into the Readymade MLM software. We always want to remind you of the most reliable software, data back-up, and support.📷

What is smart contract-enabled MLM?

A smart contract provides the most reliable and tenable structure for executing voluminous transactions without compromising speed or security. The tools and functions of the smart contracts make it an ideal option for any sort of task that involves the exchange of assets from one place to another. The synergy of the whole campaign can be tackled with this technology and it gives you various other benefits as well.
Integration of Smart Contract
When it comes to making smart contracts impeccable for your business, you need to take the forward approach and make the development process more strategic. With this open-source structure, you can bring about positive changes and make your business inclined towards revolutionary mechanisms like peer to peer architecture. It does not only rule out the chances of errors but also give you an upper-hand in operations. This technology helps in establishing a secure network between the end-users and wholesalers. Furthermore, the integration process gives you an insight into the precision of the transactions and it also makes the authorization techniques better.
The blend of Cryptocurrency and MLM
Cryptocurrency makes use of the distributed decentralized ledger and it also keeps you ahead in chasing profits through continuous trading sessions. The implementation and customizing of the strategy give you a systematic process and it makes your enterprise invulnerable to any sort of cyber hoax. While handling different projects, this solution helps you get conducive methods that keep you one step ahead. You can also start various other ventures that give you positive outcomes in every quarter.📷

Successful ventures that used a Crypto-MLM network:

Etrix.io
Etrix.io has built its network application that makes use of Ethereum and totally redefines the scope of smart contracts for its users. On its algorithm, the codes run in the most anonymous way and give you a chance to eliminate the chances of unauthorized sharing of information. It focuses on delivering fast transactions that help you enhance the income, it also facilitates the distribution of tokens among various members.
Forsage
This platform has been developed using an Ethereum-based MLM script that provides a 100% decentralized environment. It makes the most of smart contracts and gives you the leverage of the essential factors of the blockchain technology. By using this platform, you can get familiar with different plans such as Matrix, Binary, and Unilevel.
Some notable advantages of using Forsage Clone Script
Ethereums Cash
It was introduced as a website that allowed the establishment of the Ethereum network with smart contracts. On this platform, the users can use the essential merits of ETH to deliver a large number of transactions while lowering the risks involved in trading. Two types of wallets you can use on this website:
Million Money
It is a one-of-its-kind decentralized app that facilitates the transactions of digital assets using the Ethereum standard at its best. One of the benefits of using this platform is that the contracts cannot be changed. Moreover, the security aspects are unmatched and the amount of transactions you can execute is way better than many other similar platforms. Besides being open-source, it gives you many other advantages such as the auditing section and seamless transfers of coins from one wallet to another. On this platform, you get an ideal environment and productive condition for engaging in profitable buying and selling.
Doubleway
Doubleway has been providing a great range of features and tools to its users. It does not only create a productive environment, but it also succeeds in giving positive results in every single task. It keeps the transactions secure while keeping charges in check and assuring results that are affirming for both the parties involved. This is a platform that you can trust for executing a high volume of transactions sans being worrying about cost, security, or speed.

Advantages you get by blending MLM with Ethereum

Why choose us for Crypto MLM software development?

Crypto MLM Developer gives you premium services when it comes to adapting the power of crypto MLM, we enable your business to take forward steps using this technology at its best. Our developers have mastered Ethereum and can give you the most befitting Dapps as per the nature and needs of your business. We help you embrace this blended concept that renders the growth of the company easier than ever. The make the development of smart contracts and Ethereum Dapps most productive for every enterprise without raising the cost.

Key Features of Global MLM Software

Our software is packed with key advanced features to transform your business. The features and compensation rules can be customized according to your business needs

e-Wallet

The E-wallet plays the role of the virtual money where the members are capable of making transactions. All the incomes and expenses are stored in the form the virtual money.

Genealogy Tree

Genealogy Tree is a user-friendly approach to representing the down-line members under you. It describes of team structure in the form of a tree.

ePIN

Inbuilt e-PIN generator. Member can register using Epin and also Topup their wallet using Epin. Member can generate Epin from their wallet balance automatically

Rank & Rewards

Various Rank setting and Reward setting options to promote hard working affiliates. Level completion and Target Income can be configured depending on business plan.

User Management

Complete User management including user blocking, password reset, delete user, edit user, transfer user and many more. KYC Compliance is also Included.

CMS integration

CMS solves the painful task of updating the content everytime by providing a simple interface through which anyone who has basic computer skills can update content without much effort.

Multi Tier Security

Software includes Multi Tier Authentication machanism. This enables users access the application with peace of mind and perform online transactions.

Business Reports

Wide range of KPIs and reports generated for Business consumption. This enables business to take the appropriate business decisions based on market need.

E-commerce integration *

Global MLM solution can be integrated with E commerce plugins like Magento and Opencart. E commerce integration with your MLM software can take your business across continents.

Repurchase System *

Sell your products/services qith our software and share commission to members, Set per product commission, gap commission, level commission, BV and much more.

SMS Integration *

This is a free feature, where the members can be notified via SMS. The business team can set the SMS notification rules to notify users on different occasions

Payment Gateway *

Wide range of Payment Gateways to enable your users to pay you smoothly online. We offer Instamojo, Payumoney, Coinpayments, Paypal and Block.io.
submitted by cryptosoftmalaysiakl to u/cryptosoftmalaysiakl [link] [comments]

MLM Business with Ethereum Dapp and Smart Contract

An MLM software company having more than 15 years of experience with a team of 20+ professionals who are experienced in providing software solutions for new trade around 44 countries.
An MLM programming bundle gave progressed on-line installment procedures is imperative for an MLM organization to maintain an undefeated system promoting business. Bitcoin Integrated MLM programming has extraordinary favorable circumstances nowadays.
Bitcoin trade assumes a critical part of the MLM business around the world. In the event that you have a startup in MLM industry, Our MLM bitcoin software will uncommonly helpful in working together over the world.
📷MLM software is backbone for success of any network marketing organization. It is suitable for both start-ups to mature direct selling companies. There are many mlm companies who are looking for way to succeed in their business. It’s hard to earn distributors and clients to sell your products and improve mlm business. MLM software focus on enrolling distributors and clients to your MLM Company to sell your products and services. This software has so many advantages for all kind of network marketing company. Our MLM software is dedicated to provide fast and reliable software solutions and services to mlm companies. It also focuses on changing distributor behaviour that drives productivity and retention. We are progressive company, identifies and adapting to new technologies in MLM business. We meet many unique challenges in this direct selling industry to create new solutions for our clients.Our team is completely dedicated to providing flexible, stable MLM Software to extend the MLM business concept to a huge success point. We also keep an eye on the latest technological developments so we can improve the MLM software with different latest features built into the Readymade MLM software. We always want to remind you of the most reliable software, data back-up, and support.📷

What is smart contract-enabled MLM?

A smart contract provides the most reliable and tenable structure for executing voluminous transactions without compromising speed or security. The tools and functions of the smart contracts make it an ideal option for any sort of task that involves the exchange of assets from one place to another. The synergy of the whole campaign can be tackled with this technology and it gives you various other benefits as well.
Integration of Smart Contract
When it comes to making smart contracts impeccable for your business, you need to take the forward approach and make the development process more strategic. With this open-source structure, you can bring about positive changes and make your business inclined towards revolutionary mechanisms like peer to peer architecture. It does not only rule out the chances of errors but also give you an upper-hand in operations. This technology helps in establishing a secure network between the end-users and wholesalers. Furthermore, the integration process gives you an insight into the precision of the transactions and it also makes the authorization techniques better.
The blend of Cryptocurrency and MLM
Cryptocurrency makes use of the distributed decentralized ledger and it also keeps you ahead in chasing profits through continuous trading sessions. The implementation and customizing of the strategy give you a systematic process and it makes your enterprise invulnerable to any sort of cyber hoax. While handling different projects, this solution helps you get conducive methods that keep you one step ahead. You can also start various other ventures that give you positive outcomes in every quarter.📷

Successful ventures that used a Crypto-MLM network:

Etrix.io
Etrix.io has built its network application that makes use of Ethereum and totally redefines the scope of smart contracts for its users. On its algorithm, the codes run in the most anonymous way and give you a chance to eliminate the chances of unauthorized sharing of information. It focuses on delivering fast transactions that help you enhance the income, it also facilitates the distribution of tokens among various members.
Forsage
This platform has been developed using an Ethereum-based MLM script that provides a 100% decentralized environment. It makes the most of smart contracts and gives you the leverage of the essential factors of the blockchain technology. By using this platform, you can get familiar with different plans such as Matrix, Binary, and Unilevel.
Some notable advantages of using Forsage Clone Script
Ethereums Cash
It was introduced as a website that allowed the establishment of the Ethereum network with smart contracts. On this platform, the users can use the essential merits of ETH to deliver a large number of transactions while lowering the risks involved in trading. Two types of wallets you can use on this website:
Million Money
It is a one-of-its-kind decentralized app that facilitates the transactions of digital assets using the Ethereum standard at its best. One of the benefits of using this platform is that the contracts cannot be changed. Moreover, the security aspects are unmatched and the amount of transactions you can execute is way better than many other similar platforms. Besides being open-source, it gives you many other advantages such as the auditing section and seamless transfers of coins from one wallet to another. On this platform, you get an ideal environment and productive condition for engaging in profitable buying and selling.
Doubleway
Doubleway has been providing a great range of features and tools to its users. It does not only create a productive environment, but it also succeeds in giving positive results in every single task. It keeps the transactions secure while keeping charges in check and assuring results that are affirming for both the parties involved. This is a platform that you can trust for executing a high volume of transactions sans being worrying about cost, security, or speed.

Advantages you get by blending MLM with Ethereum

Why choose us for Crypto MLM software development?

Crypto MLM Developer gives you premium services when it comes to adapting the power of crypto MLM, we enable your business to take forward steps using this technology at its best. Our developers have mastered Ethereum and can give you the most befitting Dapps as per the nature and needs of your business. We help you embrace this blended concept that renders the growth of the company easier than ever. The make the development of smart contracts and Ethereum Dapps most productive for every enterprise without raising the cost.

Key Features of Global MLM Software

Our software is packed with key advanced features to transform your business. The features and compensation rules can be customized according to your business needs

e-Wallet

The E-wallet plays the role of the virtual money where the members are capable of making transactions. All the incomes and expenses are stored in the form the virtual money.

Genealogy Tree

Genealogy Tree is a user-friendly approach to representing the down-line members under you. It describes of team structure in the form of a tree.

ePIN

Inbuilt e-PIN generator. Member can register using Epin and also Topup their wallet using Epin. Member can generate Epin from their wallet balance automatically

Rank & Rewards

Various Rank setting and Reward setting options to promote hard working affiliates. Level completion and Target Income can be configured depending on business plan.

User Management

Complete User management including user blocking, password reset, delete user, edit user, transfer user and many more. KYC Compliance is also Included.

CMS integration

CMS solves the painful task of updating the content everytime by providing a simple interface through which anyone who has basic computer skills can update content without much effort.

Multi Tier Security

Software includes Multi Tier Authentication machanism. This enables users access the application with peace of mind and perform online transactions.

Business Reports

Wide range of KPIs and reports generated for Business consumption. This enables business to take the appropriate business decisions based on market need.

E-commerce integration *

Global MLM solution can be integrated with E commerce plugins like Magento and Opencart. E commerce integration with your MLM software can take your business across continents.

Repurchase System *

Sell your products/services qith our software and share commission to members, Set per product commission, gap commission, level commission, BV and much more.

SMS Integration *

This is a free feature, where the members can be notified via SMS. The business team can set the SMS notification rules to notify users on different occasions

Payment Gateway *

Wide range of Payment Gateways to enable your users to pay you smoothly online. We offer Instamojo, Payumoney, Coinpayments, Paypal and Block.io.
submitted by cryptoappfactory_kl to u/cryptoappfactory_kl [link] [comments]

Monthly Nano News: December 2019 + Year Recap Special

This is what NANO has been up to lately. I don't think I lie if I say it has been quite an amazing year!
See you soon and happy new year! Something nice is coming soon that I have been working on for a while, stay tuned..

December 2019

November 2019

October 2019

September 2019

August 2019

July 2019

June 2019

May 2019

Apr 2019

Mar 2019

Feb 2019

Jan 2019


More news here: https://nanolinks.info/news

https://preview.redd.it/9sw5nkoxlt741.png?width=749&format=png&auto=webp&s=3426d4eafb9430c0304a6d161596102536df4318
submitted by Joohansson to nanocurrency [link] [comments]

How the problems of 2020 demonstrated to the world the “anti-fragility” of the crypto industry

How the problems of 2020 demonstrated to the world the “anti-fragility” of the crypto industry
How the problems of 2020 demonstrated to the world the “anti-fragility” of the crypto industry
2020 will be remembered for a long time: the threat of the third world war, the coronavirus pandemic, the global economic crisis and riots. And this is only six months. It is noteworthy, but while the global economy is in decline, the crypto industry, on the contrary, is accelerating the pace of development. Bitcoin has become for many a safe haven during the crisis, and the entire industry — the hope of salvation. Crypto companies have confirmed the growth in demand for goods and services related to digital assets, and it seems that the cryptosphere is fully consistent with the term “anti-fragility”, introduced by Nassim Taleb (author of the Black Swan economic bestseller) to identify systems that can benefit from unpredictable and stressful situations in the world. At least, the head of ScopeLift Ben DiFrancesco is sure of this.

What is anti-fragility

To begin with, we will deal with the concept of anti-fragility. This term was introduced by the famous professor, economist and trader Nassim Nicholas Taleb, who first voiced it in 2012 — in a book dedicated to the term “Anti-Fragility. How to capitalize on chaos.” Prior to this, Taleb gained special popularity and authority thanks to the introduction of the term “Black Swan”, which turned the perception of the economy over by many minds.
By anti-fragility, a professor refers to the ability of a system to capitalize on negative trends. Anti-fragile systems become better after a “collision with chaos”, which can mean various world disasters, stressful situations, shocking events, information noises, failures, attacks, malfunctions, and so on.
Many mistakenly confuse the concepts of anti-fragility and invulnerability, but there is a fundamental difference between them:
• Invulnerability is the ability to withstand stressful situations. World cataclysm will not affect invulnerable systems, but will not make them better.
• Anti-fragility is the ability to benefit from stressful situations. Anti-fragile systems are not just immune to disasters. In difficult conditions, they “harden” and become better.
Ben DiFrancesco, the founder of ScopeLift (a crypto project software development consulting company) and concurrently the author of the Buil Blockchain Tech portal, considers the crypto market an ideal example of anti-fragility.
Against the backdrop of all the negative shocks and tremendous changes in society that occurred in the first half of 2020, the crypto industry began to develop even faster. Blockchain technology more and more fits into our world as a solution to many problems, which were especially acute at the beginning of this year. Among them are the endless press of unsecured money, worsening international relations and increasing censorship on the Internet. Let’s go in an order.

Crypto-market versus money printing machine

The coronavirus pandemic caused an economic crisis around the planet. Both developed and developing countries faced massive unemployment, falling markets, and declining population returns. One way or another, the virus has affected everyone.
The states rushed to solve these problems by the old and “tested” method — by printing new money. China and the USA were especially distinguished in this field — the former introduced an injection of about $250 billion in the stock market in February, and the second poured into the economy a record for the planet $ 2.3 trillion (2.5 times more than during the 2008 crisis).
Alas, as a rule, when the state creates new money, the population pays for it. A sharp release to the market of unsecured money at the direction of management is fraught with serious consequences. The main one is the risk of mass inflation and the collapse of national currencies. Many complain about the Fed, which began in 2020 to print non-stop US dollars.

The number of dollars in circulation rose sharply in 2020. Source.
However, even such a sharp release to the market of new dollars is not the worst. It is much more dangerous that the Fed follows central banks of other countries, which also massively print unsecured national currencies in attempts to support the economy. If the dollar is somehow protected by the strong US position in the international arena, reduced credit and increased demand for American currency around the world, then most other countries cannot boast of such flexibility.
States that print money with a heap of economic problems run the risk of hyperinflation and fall victim to their own decisions. The scale of the problem is aggravated by the fact that during the crisis in such countries, the demand for dollars among the population is growing, so the thread on which the sword of Damocles hangs hanging over national currencies is very thin today.
Realizing the seriousness of the situation, many countries, such as Argentina, limit the ability of people and companies to buy dollars by introducing limits and various requirements. As a result, citizens begin to look for an alternative on the black market, buying dollars at a double rate, and also increasingly turn their attention to dollar stablecoins, which no one can forbid and for which you do not have to overpay. In the conditions of the crisis, the demand for stable coins began to grow at an accelerated pace, which is one of the brightest signs of the anti-fragility of the crypto industry, which has begun to squeeze benefits out of the negative situation in the world.
The demand for traditional cryptocurrencies, especially for bitcoin, is also growing. One of the main reasons is the protection against inflation, provided by limited emissions, strictly following clearly established rules. No one at the direction of the government or anyone else can “print” more bitcoins than is laid down in the code of his protocol. Many people saw in the cryptocurrency market a real alternative to national currencies, which fell under significant risks in 2020.

Protection against ethnic issues

The coronacrisis brought with it many other global problems. In particular, it undermined the confidence of the population and governments of many states in the so-called “new world order)”. Unhappy with the way the world is coping with the pandemic, people intend to end globalization, so anti-globalist ideas began to spread en masse. There is every reason to believe that such movements will receive political support in many regions.
Naturally, this carries enormous risks. But one cannot say that these moods arise without reason. Recent months have clearly demonstrated the extreme fragility of global supply chains. Nearly all countries in the world, including the United States, fought to import critical materials needed to fight the pandemic. Many people have a logical question in their heads: should countries with incompatible value systems be interconnected, especially if they have to suffer from this interconnectedness themselves, constantly giving way to richer states?
On this basis, interethnic relations between peoples and leaderships of countries have worsened. If the trend continues in the coming years, then humanity will have no choice but to resort to massively using cryptocurrencies and blockchain technology.
If people cannot rely on reliable institutions as an intermediary for cross-border cooperation, the value of decentralized networks will significantly increase as an alternative that does not require trust. Each decision by world states aimed at weakening alliances with other countries, including reducing the flow of people or physical goods across borders, accelerates the development of the limitless digital economy of the Internet.
Digital assets combined with smart contracts can play a key role in ensuring the transition of the world to new international relations. They are able to serve as a guarantor that does not require trust in the other side and even once again contact it.

Fighting Internet Censorship

In the past few years, social media giants such as Facebook and Twitter have gained tremendous opportunities to shape the flow of information in the modern world. With their help, information is distributed faster than any media, and the conclusions that people make on social networks often become decisive. This gives the giants in this field enormous power, which for many years has not been controlled (and by anyone) in any way. This issue has been ignored for a long time, but the situation has changed over the past two years.
Previously, large corporations themselves determined censored content. Companies could mark posts as “unacceptable” if they, in their opinion, do not comply with any laws, call for aggression, contradict moral principles, and so on. However, at the end of May, the US President Donald Trump decided to significantly narrow the powers of the media giants and issued an appropriate order, citing user complaints for blocking allegedly non-violating messages. By the way, Trump’s own tweet, where he called particularly active protesters “thugs,” and threatened: “When looting begins, shootings begin,” was not complete.
Perhaps an additional reason for the desire to narrow the powers of media giants was the fact that on the eve of the election, the president wanted to become “closer to the people”, appealing that everyone is free to express their opinion. Be that as it may, the invariable fact is that in this way he inserted the sticks into the wheels of Big Tech corporations. Moreover, based on Trump’s message, only governments should determine what can and cannot be blocked.
In fact, any form of concentrated power in social networks can be dangerous for both private and legal entities. If media companies become almost monopolies, they can control the opinion of the population and block any content that is objectionable to them. But power over social media in the hands of states is no less dangerous because the government can do the same. After all, it is not known who and what decides to block tomorrow. Suddenly it will be cryptocontent, especially since the prerequisites have already arisen repeatedly, or the statements of people dissatisfied with social injustice.
Social media executives want to be able to censor and edit the content that their users generate, while remaining protected from liability for it. The state wants to be able to apply its own standards of “neutrality” on these platforms, without specifying that such powers may end with even greater inequality and censorship.
The war for censorship generates the interest of ordinary citizens in decentralized social networks and media platforms. More and more people are expressing a desire to get a decent alternative, where no one will be able to control their opinion and will not forbid them to express it. Due to the anti-fragility of the crypto industry, the chances of success of blockchain platforms are significantly increasing. Yes, they have not yet become mainstream, but interesting experiments, for example, with the Hive platform or decentralized twitter, show their great potential. With each censored post, they are one step closer to widespread use.

What will the anti-fragility of the crypto industry lead to?

Ben DiFrancesco is far from the first to notice the anti-fragility of the crypto industry. Talk about this has been going on for several years. Experts have repeatedly recorded various moments when the industry managed to squeeze the positive out of one or another negative situation in the world. Just now, against the background of the extremely difficult first half of 2020, this has become especially noticeable.
Bitcoin has been “buried” already 380 times, but it, like the whole industry, continues to develop rapidly step by step, despite external world instability and internal cryptozymes. And if the assumptions about antifragility are true, the industry will become even stronger with each new world cataclysm.
Humanity is tired of the problems caused by the current world system. People want freedom and openness.
They get tired of concentrated power, unfair economic relations and censorship. The crypto industry offers an alternative and has every chance to solve these problems. To become, if not a panacea, then at least “the power of good,” as DiFrancesco claims. There are no guarantees, but there is faith and hope. And they are capable of anything.
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Pi Network! This golden project is an opportunity.

  1. What is Pi Network?
Pi Network is a virtual currency that can only be mined or mined on a phone, but does not consume device resources like other free mining applications. Previously Pi Network could include mining applications such as Electroneum (ETN), but this application consumes your device resources to decode the algorithm (Electroneum uses cryptonight algorithm). With Pi Network, when you dig coins will feel the device does not heat up. In addition, you can also turn off the application or turn off the network and still be able to mine coins every 24 hours.

Note:

Pi Network is still in BETA. The project is still in progress which means that there will still be errors and some details of the project are still changing. While many cryptocurrency projects start from pure theory, Pi Network seeks to balance theory with design and people-centered (or experiment with real people to best meet their needs). ). The project appreciates your patience and welcomes your input as we work together to develop products that best meet community needs. Pi does NOT give you free money. This is a long-term project whose success depends on the common contribution of its members. Pi helps people capture economic value, which is held by banks, technology giants (e.g. Facebook, Amazon) and other intermediaries. Pi depends on the contribution of the members. Therefore Pi NetWork is not suitable for those who want to make money quickly.

2. Is Pi Network scam?

Pi is not a hoax. This is an attempt by a group of Stanford University alumni to spread the cryptocurrency to more people. Pi Network's core team is led by two Stanford PhDs and one Stanford MBA, all of which help build the blockchain community at Stanford. There is no guarantee that the project will succeed. However, Pi Network will work hard to make common dreams a reality, while upholding the highest standards of transparency. You can learn more about Pi's core team on the app, or simply by typing these people 's names into the Google search page:
- Nicolas Kokkalis: Head of Technology
- Department Chengdiao Fan: Vincent
- McPhillip Product Manager: Community Manager
📷
https://preview.redd.it/rozcs5h1p4351.png?width=710&format=png&auto=webp&s=c5952d879514c33e643958aab8d5ca5ae382ba41

3. How to make money with Pi Network?

How to exploit Pi
Pi Network does not call you to invest or do anything. Your job is very simple, you just need to have a phone, download the Pi Network app and create an account, press the Start button daily and the PI digging will take place even if your computer is not connected to the internet . You also do not need to open the active application. Pi does not affect your phone performance, does not drain your battery or use your network data. To start earning Pi, check the app every 24 hours and press the lightning button to start mining. You can increase your hourly Pi rate by inviting friends and family to join the community. After 3 days of exploitation, you can increase your income even more by building your security circle, which contributes to the overall security of the network. And remember, veterans of the network have a higher rate of extraction than the members who come after them.
Why are veteran members exploiting more?
Pi's goal is to become a widely distributed and widely used electronic currency in the world. To achieve that goal, Pi encourages members to contribute early to ensure the success of the project (eg network protection and development). To reflect the importance of early contributions, the rate of extraction decreases as more people join the network. At this point, the base mining rate will be halved every time the number of active users increases by 10 times. This ratio will be reduced to zero when the network reaches a certain number of users (for example, 10 million or 100 million). At the time, like Bitcoin, miners would continue to receive rewards with transaction fees, rather than being rewarded with new coins.
What is the Pi Network security circle?
The security circle is a group of 3-5 trusted people built by each Pi member, to prevent fraudulent transactions. While cryptocurrencies like Bitcoin secure their ledgers by forcing mining companies to burn energy (proof of work), Pi still guarantees its ledger when members of the network prove trust with each other. Pi contributors guarantee each other by building up security groups of 3-5 members whom they deem reliable. The security circle should include people you trust not to make fraudulent transactions. The cyber security circles form a global trust chart to determine who can trust to conduct transactions on the Pi ledger.
https://preview.redd.it/rmekfcizo4351.png?width=710&format=png&auto=webp&s=92a054233ec9c1844b32c24b0a06d0a47e9302b1

4. What is the Pi price?

Pi is worth approximately 0 dollars / euro. Yes! If the price is $ 0, then we dig PI do? Also you wonder when PIs will be valuable? While everyone thinks that PIs are not valuable and do not participate, just like when BITCOIN 2008 had no value. If you are a PI holder PI holders have two options to convert PIs into cash:
- Buy goods and services directly with your Pi. Pi Network is building a peer-to-peer market where members can directly spend Pi to buy goods and services. Pi Network aims to start a bank transfer test in its application immediately after Q42019.
- Exchange Pi for cash on cryptocurrency exchanges. Pi will be able to be traded during Phase 3 of the project (such as when launching the Mainnet). At that time, exchanges may choose to list Pi. At this point, Pi's core team focuses on implementing the right technical roadmap to reach phase 3.
(I still remember in 2015, in MMO communities, competing to receive free coins called Raiblocks (XRB) by typing captcha, each type of such a lot of XRB, it can be said that the day that XRB has no price value, almost 0. Later in early 2018 when Raiblocks changed its name to NANO project, the peak of 1 NANO coin reached 34 USD, sweeping away the dream of millionaires of MMO people, because at XRB, they sell very cheaply for each other. You can refer to the NANO price chart below)
https://preview.redd.it/r8rll5eyo4351.png?width=710&format=png&auto=webp&s=235368ab0b53c5e1b09c2c88bd13e345ae26eaae

5. Download the Pi Network application

Pi Network currently supports both Android and iOS operating systems, you can access the Google Play app for Android or App Store for iOS and search by keyword "Pi Network" or click directly at the following link:
https://minepi.com/150791

6. Create an account and dig Pi

Step 1: After downloading the application, you open the application to register for Pi Network account

https://preview.redd.it/n74m2cbxo4351.png?width=640&format=png&auto=webp&s=33dd4f81f6cb952c065457dc1d3d53a20df739bd
In this step you can optionally register your account with Facebook or your phone number. However, you should choose the phone number to make it easier to authenticate your Pi Network account later. Choose your location, enter your phone number and click Go.

https://preview.redd.it/tkh0yo2wo4351.png?width=640&format=png&auto=webp&s=341f067a7269a5b0bc7eb9d04698d8950c06dbff
Then you enter the password and confirm the password. Note that the password must have uppercase characters, special characters like! @ # $% Or your number. Done, click Submit

https://preview.redd.it/pmp9dzjto4351.png?width=640&format=png&auto=webp&s=8712183677f5356ac79fd279e98de4e291e893c7
Then enter the First Name and Last Name.

https://preview.redd.it/f5auh8dso4351.png?width=640&format=png&auto=webp&s=e26c5c9b15548beb0edcbd4df2ac22d27a548405
Finally, the Username (this is the name for me to log into the Pi Network application, don't forget this). After filling all information, click Submit to move to the final step. In this last step, you enter the referral code is @ Leviet74 (this is my code). However, you can enter anyone's referral code. But when entering my code, I am very thankful and if there is any problem that needs support I will be very enthusiastic.
So you have completed the Pi Network registration, now you just leave it to receive coins daily, or go referrals to others to earn more Pi.

https://preview.redd.it/2gio8gxqo4351.png?width=640&format=png&auto=webp&s=1682a4a32e54c60db542699b53bbb5287fa5a8bd
Guide to dig Pi

https://preview.redd.it/1ftbk7qpo4351.png?width=640&format=png&auto=webp&s=2e3af6d16e7a47535957387e8e409bbca4d72d0c
Click Get Started and click on the lightning image to start digging PI.

https://preview.redd.it/70q1n5poo4351.png?width=640&format=png&auto=webp&s=a0c0dc927027d7ad4c1999b4ae9c9a5daf9b6896
The amount of Pi you mine per hour is shown in the Ambassador section. If your lower members mine Pi, you will receive (25% x 0.39pi x the number of people). However, if they are not online for more than 1 day, you will not receive Pi from them, so you press Ping Inactive to push them to notify the application access.

https://preview.redd.it/ptu36tmmo4351.png?width=640&format=png&auto=webp&s=bb70cc8e19ecdb9ccbaa36e5ee52be6dcc68e842
Add people to the security circle
After 3 days of digging Pi, you will open a security circle, what it is, please read the above article, here you can add acquaintances to dig more Pi together.

https://preview.redd.it/84bnhfbjo4351.png?width=710&format=png&auto=webp&s=b8aa75b135d4cf00d75a6f23ad1933cdead901d9
Verify Pi Network account
You need to verify your account so that stage 4 of the project can be withdrawn. To verify Pi Network, access Profile and select Verify as shown:

https://preview.redd.it/h6pkp9tgo4351.png?width=640&format=png&auto=webp&s=5c0a2677b7bed0d39a75a1e825449f4b4503c990
There are two options for verifying your account: getting a verification code (only applicable to the US and Canada) or sending a message to Pi Network. You will have to use option 2 and press Start.
https://preview.redd.it/woyptgmeo4351.png?width=640&format=png&auto=webp&s=d67d1b01deb51d038c1411177a1dd7e0274dfd4e
Then click Open SMS to let Pi Network compose a message to send a 4-digit code.

https://preview.redd.it/ohu1d19ao4351.png?width=710&format=png&auto=webp&s=7a1c8a726b5938280a58f1343feb73223b02ba66
Note that Pi will generate 4-digit code itself, you do not edit anything and just click Submit.
https://preview.redd.it/orymp2vzn4351.png?width=710&format=png&auto=webp&s=c0002a9841fbc4db8ed5a3a040d1ddbd71500e14
If the Pi application verifies that you have successfully verified your account.

7. How to draw Pi?

You cannot withdraw the Pi. You will be able to withdraw Pi or exchange Pi for other currencies during Phase 3 of the project, when Pi switches to a completely decentralized blockchain. Phase 1 of Project Pi is on March 14, 2019 (Pi Day). In Stage 1, your balance is being recorded to wait for the day Pi reaches the mainnet (Phase 3). The transfer or withdrawal of Pi is restricted until the mainnet launch, to prevent fraudulent actions, such as clone users to dig Pi, then transfer Pi to another account and legalize the process. verify your account and use that nefarious Pi number.

8. Should you dig Pi on multiple phones?

No, you SHOULD NOT dig PI on many devices. Pi Network adheres to a strict rule, meaning that only one account can be used per person. Pi Network uses a multi-pronged strategy to ensure that fake accounts cannot exploit Pi
First, the Pi network uses Google Recaptcha v3 to know which devices are operated by humans or robots. (This technology is completely invisible to most users, because they are real people, but robots can see the captcha if the google algorithm captures them.) Over time, Pi Network is developing a machine learning algorithm based on actual user exploitation behavior to predict bots.
Second, the Pi consensus algorithm (security circle) makes it easy to detect fake accounts. The fake account will not have enough real people to link to them through the security circle. Thus fake accounts will have less linkage with the rest of the network. This anomaly is easy to detect with computer algorithms.
Finally, when Pi enters Stage 3 and 4 - Mainnet, only authenticated accounts can exist. Buy

9. Where to buy and sell Pi?

Currently, there is only 1 exchange, AACoin listed PI (https://www.aacoin.com/trade/PI\_USDT) in the form of short purchase and sale, meaning that they buy and sell PI but do not actually own any PI. Because PIs have not been withdrawn until entering phase 3 (mainnet), all PI trading platforms are fraudulent. The Pi Core team also issued a warning. In addition, users should not buy and sell Pi transactions on the black market through the sale of accounts, because all of us have not been able to price Pi, so there are many potential risks.
https://preview.redd.it/d6lzfxfxn4351.png?width=710&format=png&auto=webp&s=c61ce72af1a56af4367c32b441ddfe25b9462a30
submitted by thanhbkpr to u/thanhbkpr [link] [comments]

Weekly Update: Mini-Parenas, Hydro AMA on Uptrennd, Wibson app update, SelfKey’s $KEY on Hotbit... – 24 Jan - 30 Jan'20

Weekly Update: Mini-Parenas, Hydro AMA on Uptrennd, Wibson app update, SelfKey’s $KEY on Hotbit... – 24 Jan - 30 Jan'20
Hi Parachuters! Here’s part IV of VII as we catch up - your week at Parachute + partners (24 Jan - 30 Jan'20):

In this week’s Parena(s), Cap hosted mini-Parenas (smallest, 2nd smallest, 3rd smallest) this week along with a main Cloodfest which Jeff won to take home 25k $PAR. We also had a special 2nd quick subsequent Parena between Nathan and Foo to determine the 3rd and 4th positions. Alejandro will be hosting a CoD flash game in gun game mode next week in the Parachute War Zone. This week Doc Vic hosted an NBA and Soccer raffle. Bose's History Trivia in TTR was super fun and had 2k $PAR in prizes per question. Gamer Boy’s math trivia had TTR fans reaching for a calculator. Haha. Foo hosted another intense trivia in TTR as well. Afful held another one too for 1k $PAR prize per question with a 10k $PAR prize pot. Cap joined a Y Combinator startup school session to network with other entrepreneurs and gain insights on product growth. Congratulations to Aims1 for winning the #parttrenjraffle (shared in the last update) and becoming the proud owner of two rare collectibles. Gian hosted a rapid round of name-a-tennis-player for $PAR prizes to mark the Australian Open underway. TTR launched a GIF contest this week with a 40k $PAR prize pool. Sweet! Chris announced the restart of the Parachute Super Bowl Squares with a prize pot of 1M $PAR. Whoa! For this week's Two-for-Tuesday we had folks posting songs "featuring bands with amazing guitarists". Great theme GC! For #wholesomewed Jason got Parachuters to talk about pets they wished they had. In the latest #FPL update shared by LordHades, the top 3 spots are still occupied by LH, Alexis and Novel Cloud. Click here for the full update.
Some neat feedback on ParJar from the Y Combinator startup school session
Cap: \"a sneak peak at a one pager we're cooking up\"
The aXpire team was in India this week for a workshop geared towards the release of Bilr. 20k $AXPR burn for the week happened like clockwork. 2gether’s consumer spending report (which was released last week) was covered by Coin Rivet this week. Check out 2gether’s 2019 journey, here. Spanish speakers, you can listen to Founder Salvador Casquero’s thoughts on digital business which he shared with AEFI Fintech Association here. FunOntheRide’s new tutorial video explains how the 2gether card works. This week’s #XIOSocial discussions revolved around high-value-no-profit companies and Citizen’s thoughts on “inverted lending platform”. Read about how to earn to earn crypto and about the SMS industry from Birdchain’s blog. Still waiting to check out the 3 new communities on Uptrennd? Click here to have a peep. If you didn’t know this already, you can now create polls on your posts on Uptrennd. Cool! Click here to read about more updates. Hydro crew sat down for an AMA with the Uptrennd community and gave away 100k $HYDRO tokens for the best questions. Jeff’s interview of Zero Collateral DeFi came out this week. You can read about it here. Congrats to the winners of the Uptrennd Meme Contest. Those were hilarious! For a sneak peek into Uptrennd 2.0’s designs, click here. Steven Aitchison's (CYT Crypto) latest video features the platform. Have a look! The District0x community voted to have industry news in the next DApp Digest stream. For the latest District Weekly, click here. Hydro made it to Crypto Weekly’s list of 250 crypto companies to watch in 2020. The Hydro team wrote about Financial Health Check and Emergency Savings Fund tools to get you prepared for a rainy day. Their article on challenges during digital onboarding processes at banks should be an eye opener for legacy organisations. Epic work Artefe Crypto Art! How will Digital Identity Management play out in the Hydro Pay app? Click here to find out. Silent Notary’s AMA with Quora Inner Circle was last week. Its transcript was released this week. This week they appeared for an AMA with The Block Circle. The Ubikiri app was released this week to the App Stores. Winner of Round 1 of Traders Battle was announced. And just like previous weeks, they posted daily summaries of dev work progress (1, 2, 3, 4, 5, 6, 7, 8, 9).
Uptrennd 2.0 early previews look great!
Sentivate’s $SNTVT token is now supported on the Enjin wallet and does not need to be added as a custom token. Ahead of ETHDenver, where OST’s Pepo app is the official community app, a guide was published. The latest update allows login with a multitude of IDs. CEO Jason Goldberg was interviewed by Jason Nelson (Crypto Insights Journal) where he talked about community building on the blockchain. Check out this blog post by State of the DApps which discusses unique use-cases of Pepo. SelfKey’s $KEY token is now tradable and playable on Play Royal. To celebrate the occasion, competitions were launched with prize pools worth USD 6k in $KEY tokens. The token was also listed on Hotbit and InstaSwap this week. Click here and here for sneak peeks into the SelfKey mobile app under development. Constellation CEO Ben Jorgensen spoke at the Crypto 2020 Summit this week. Community member Constellation LV is currently working on a Ledger app for the project. Click here for a preview. A Russian language section was added to the website. CTO Wyatt Meldman-Floch demonstrated how double spend attacks can be prevented. In Yazom’s January update, founder Sanjé Witter shared that the open beta was on course for release in a couple of months. Pynk’s Rose AI continues to learn and self-improve through advanced algos and inputs from Super Predictors. Read more about it here. Unsure what crowdfunding and seed rounds mean? Pynk will be raising through this mechanism soon. In preparation for it, they released an article to explain what it is and how to pre-register for it. Plus, an article on compounding explains why it is so powerful. A new update for the Wibson app was released this week. The latest version of their protocol paper covers secure data exchange and batch payments. Harmony’s $ONE token swap was covered by Coindesk and BeInCrypto. BitMax launched a BitTreasure event where users earn interest on $ONE deposits. Harmony hosted a dev community meetup in SF in collaboration with Polkadot, Taxa Network and Nervos Network to discuss on Web3. GET Protocol crew appeared for an AMA with Cryptoverse this week. GUTS Tickets got featured on Finnish tech blog Tivi. Crypto Jen (Jenny from the Blockchain) joined Global Crypto Alliance as an advisor this week. $CALL is now supported on Eidoo wallet. The transcript of last week’s COTI AMA with tehMoonwalkeR can be seen here. COTI released incentive plans to reward its TestNet node operators. TxBit exchange announced its support for DoYouTip’s $DYT token swap. ParJar holders will also have their tokens swapped automatically.

And with that, it’s a wrap for this week at Parachute and partners. See you again soon. Cheers!
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Weekly Update: Parachute Townhall, Welcome $GET to ParJar, Uptrennd reaches 50k members, Fantom on IncognitoChain... – 6 Dec - 12 Dec'19

Weekly Update: Parachute Townhall, Welcome $GET to ParJar, Uptrennd reaches 50k members, Fantom on IncognitoChain... – 6 Dec - 12 Dec'19
Hi Parachuters! As part of 2 of 3 from today's rapid catch up series of pending updates, here’s your week at Parachute + partners (6 Dec - 12 Dec'19):

As mentioned last week, Cap and Ice hosted a townhall to talk about where we are at and where we are heading along with ample feedback and Q&A from the community. We covered a lot of ground: "value hypothesis for ParJar, Product Market fit, and our growth approach for 2020...performance of two key PAR utility metrics, staking and gas, and how we see growth for each in 2020...questions from the community and reviewed upcoming community initiatives". Click here to catch up on all that happened. GET Protocol’s $GET token was added to ParJar this week. Belated Birthday wishes to Doc Vic from Cuba. Jason lost a 5k $PAR wager with Cap on Victor’s age. Haha. Congratulations to Martha for winning this week’s Parena. As per the latest Fantasy Premier League (#FPL) update shared by LordHades this week, he is still ruling the charts at the top with NovelCloud and Alexis hot on his heels. From next week, "You can now view your first opponent in the 2019/20 FPL Cup on the My Team page - under Leagues". While you slay those miles with the Parachute Running Club (which has done 44 miles so far BTW), here’s a podcast to listen to. Cap’s recommendation: "It's geared towards people building products - but super super useful to think about any products you use. Skip to like 9 minutes in to skip through all the advertiesments ". Yes, I know. Cap wouldn’t be Cap without typos. Typos FTW!
Parachute townhall
Parachute-themed shirts designed by Doc Vic and Alejandro on Doc’s birthday. These are sick!
If you want to see yourself on the Parachute world map, make sure to enter your location here. The entries are anonymous. In this week's Parachute Fantasy Football League update, Hang is in the first position followed by Clinton and Andy. Connor made it to the playoffs and is now in 4th position. So it means farewell to Nilz, Ken, Kamo and Cap from this season. CoD mobile players, don't forget to join the Parachute WarZone hosted by Doc Vic from Cuba. I hear there's $PAR and $AMGO to be won! The TTR Hat Contest ended this week with some solid entries running in the lead. Epic creation Wendell! In this week’s creative prompt by Jason, Parachuters had to “do 3 nice things for a total stranger”. Basically, be a true blue Parachuter 😊. For this week's Two-for-Tuesday, Gian made it free-for-all. No theme. Post music as you wish and win 500 $PAR. Cool! Benjamin and Charlotte hosted trivias in TTR this week. Those were loads of fun! Andy announced the start of a College Football Bowl Game Pickem contest in Parachute. 100k $PAR prize pool. Doc Vic hosted another round of Champions League wager this week in TTR.
So much epicness in one picture. Jose, you are a genius!
Andy's Advent Calendar journey continues
Catch up on the latest aXpire update and 20k AXPR burn here and here respectively. As you would already know, instead of pitting both startups against each other, XIO decided to accept both Opacity and Uptrennd into the incubator program and opened up staking for them. This marks the official launch of the XIO Blockchain Incubator and it’s been a roaring start with USD 7k worth of tokens locked up in one hour and Opacity portal getting oversubscribed in no time. Video instructions for staking can be found here. Read up on the startups here. In three days, the total staking crossed 1M XIO levels. Insane! That is a great metric to measure performance. How does the $XIO token play a role in all this? The crew explained in this tweet thread. And with that a series of related discussions got off starting with the possibility of self-nomination for startups. Have a sub-100 CMC project that you think should be part of the incubator? Don’t forget to tag them. Plus, a cool 25k $XIO giveaway was launched. Remember, meaningful conversation is always welcome at the incubator and more often than not, they get rewarded. Check out the latest update on the Birdchain App SMS feature along with an expanded list of supported countries. Silent Notary reduced the $LAW token requirement for running a Masternode from 100M to 20M this week. Russian research company sudexpa.ru also gave its vote of confidence to Silent Notary in terms of its immutability. Wibson Marketing Manager Fi Scantamburlo attended the Latin American Bitcoin Conference Uruguay to speak on Data privacy, monetisation and how Wibson helps achieve these. Opacity now allows shared file preview for uploaded docs.
Shared File Preview on Opacity
Fantom's foray into the Afghan Ministry of Health's efforts to fight counterfeit drugs and other public health initiatives were covered by Forbes this week. Last week, we shared that Sikoba's e-voting platform, Itugen, which is based on Fantom’s Lachesis consensus was released. This week, they published its technical whitepaper. With so many moving parts in the project and so much happening all around, a recap is always a welcome refresher to catch up. $FTM got listed on South Korea’s Coinone with a $KRW pairing. It was also integrated with the IncognitoChain project’s pDEX with a $pUSDT pairing (remember, Harmony was added to the same platform a few days back?). IncognitoChain allows cryptos to be transacted privately using sidechains including those coins/tokens which are not privacy-oriented. Fantom also launched a developer portal and technical documentation ahead of the XAR Network mainnet release. The interoperability bridge is out as well. This allows both ERC20 and BEP2 token holders to move their tokens to the XAR Network. The wallet allows both staking and delegation. For the guide to joining XAR Network as a validator node, click here. A simple guide to staking on XAR Network can be found here. The team also sat down for an AMA with COTI this week. Blockchain Magazine’s interview of Michael was published. Continuing with Uptrennd’s 24 Days of Celebrations started last week, this week they hosted an Escape Room contest and Photo contest. The latest $1UP tokenomics update can be seen here. After 11 months, the platform now has 50k users across 177 countries. Wowza! And wicked stats on the engagement metrics as well. Jeff’s interview with Crypto Beadles came out this week.
A few entries for the Uptrennd Photo Contest
Click here and here for the latest District Weekly and Dev Update from District0x. In case you missed this week’s Dapp Digest, you can watch it here. Aragon fans will be in for a treat since it features Aragon Co-Founder Luis Cuende as a special guest. Remember, we had discussed last week that the Shuffle Monster Raffle had crossed a 10k $SHUF pool. Turns out it got to 13k+. Wow! The latest Hydro developer update is a comprehensive roundup from the entire ecosystem. VCC Exchange listed $HYDRO with a $BTC pairing. Hydro’s security tokenisation protocol, Hail, moved to mainnet this week. The team travelled to Boston for MassChallenge Fintech. Hydro will be hosting a Banking-as-a-Service happy hour next week to talk on how they are building solutions in the BaaS space. For starters, don’t forget to read their article on blockchain applications in finance. The team appeared for an AMA with Apache Traders which also featured a 45k $HYDRO giveaway. Digital payments platform VoPay is now partnered with Hydro for end-to-end payment solutions using Hydrogen API and other Hydro tools. Hydro’s smart contract was audited by Callisto and passed their test with flying colours except for one "low severity" issue. The result: "The contract can be deployed". CTO Tim Allard was interviewed by Ethereum Network Nigeria as part of their Ethereum personality chat series. For the latest update on the community explorer Frost, click here. In Pynk’s first guest blog post, community member (or, Pynkster) Alistaire Wallace talks about what the coming year could hold for Pynk and its community of predictors. Check out the transcript of Sentivate’s AMA with tehMoonwalkeR here.
Sentivate’s new office in PA is shaping up quite well
This week at OST was all about the Pepo app: from angel investor Kartik to Rocket NFT’s Alex Masmej joining the platform, accelerator The Fledge using Pepo Conversations to power community-sourced improvements to businesses, Home for the Holidays Challenge to explain crypto/blockchain to relatives (with a total USD 2k in Pepo coins in prizes) and a “best lifehack” bounty posted by Jason on the app. If you’ve missed all SelfKey news from the past month, you can catch up from the November progress report. Also, did you know that the group Legion of Doom which was once considered to be the most capable hacking group in the world was in a long drawn feud with Masters of Deception in what is now known as the Great Hacker War? Learn more info like this from SelfKey’s latest article on hacking groups. Constellation CEO Ben Jorgensen will be speaking at the Crypto 2020 Summit. If you’re attending, make sure to say Hi. Arena Match announced a trading competition on DDEX with 4M $AMGO tokens to be won. Lucky Bluff Poker will be sponsoring next week’s Arena Match Raffle. The latest Harmony update compilation from the whole team can be found here. In the latest Pangea statistics (Harmony’s experimental staking game to test the limits of its tech), the average staking position is 1.8M $ONE with 75% of participants operate nodes themselves while the rest use delegates. Plus, check out the newest upgrades here. Honest Mining announced mainnet support for the native $ONE token swap. $ONE is also in consideration for listing on Binance US. The token was listed on Pionex this week. The Intellishare website registration and login functions will be down next week for a scheduled upgrade. Also, $INE traders make sure to keep a note of WBFex temporarily disabling the $ETH trading pair. Jobchain’s $JOB token got listed on Bilaxy exchange, P2PB2B exchange, SWFT Blockchain wallet and SWOP.SPACE exchange. The project was also given an A+ score by Xangle. Congrats!

And with that, it’s a wrap. See you again soon with another weekly update. Bye!
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Nano #Ama on Binance Spanish telegram group!!

Regards!! I'm Jesús Zambrano, member of the Hispanic community of NANO for a long time. Last thursday, we had an interesting and enjoying Ask-me-anything at Binance Spanish community on telegram with the people behind NANO, Colin LeMahieu (Founder and Executive Director) and Zach Hyatt (Proyect Manager), where we take advantage of their kindness and willingness to ask them some questions and share opinions about de currency. I will share a compilation of some of the questions and answers.
-(Admin) ¡Welcome Binancians to our following AMA!
I will explain how AMA works; we will have three (3) segments.
Segment #1: I am going to ask to our guests five (5) questions and then they will answer them.
I will be explaining the rest of the segments as we conclude one of them.
-(Admin) Today we have the great pleasure of having Colin (Founder and Executive Director) and Zach (Project Manager) with us in our chat room. Could you give us a little introduction about you?
- (Zach) Hi everyone, I am Zach Hyatt, the Project Manager at the Nano Foundation and am excited to help answer questions about Nano. I live in Austin, TX where it is quite hot right now!
-(Colin) I’m Colin LeMahieu, founder of Nano. I’m a computer engineer and I’ve worked at companies like Qualcomm, Dell, and AMD. I have been working on Nano for about 5 years now and I’m really excited to talk with people who are interested as well!
-(Admin) It is a pleasure for us to have you here, I have to say that on a personal level, I have been a follower of the project for a long time now, so it is incredible for me to be able to count on you tonight, we will start with segment # 1, with the questions I have for you.
Feeless transactions and in record time! What is NANO? Can you give us an introduction to the project?
-(Colin) Nano’s goal is to solve problems with other cryptocurrencies and make sending value fast and fee-less. It has a unique design to allow us to accomplish this. We want people to have the option of using decentralized digital money instead of fiat money anywhere in the world. Nano is accessible and easy-to-use today and we plan on keeping it focused on these goals.
-(Admin) Thank you for answering my first question, I am delighted with the features offered by the project, every week they are updating and making important changes that help to improve the ecosystem that surrounds the team.
Here you can find all the weekly updates: https://nano.org/en
Previously the project was called RaiBlocks, it appeared for the first time in an ad in Bitcoin Talk in 2015. Can you tell us why a name change came up later?
-(Zach) Yeah, absolutely. Although the original RaiBlocks name has a special place in our history, it was difficult to pronounce in some areas of the world and caused confusion with certain users. We decided to move to a shorter name that not only was easy to pronounce but also reflected the fast, efficient nature of the protocol.
-(Admin) A short and quick name to pronounce, definitely NANO is perfect to define it!
My third question is the following; I had seen a very interesting gif early in the chat and it is just about the question that I came to ask.
Currently, NANO has 100% of its tokens in circulation and these tokens were distributed through Faucets, so it meant that any user with a computer could get coins simply by completing some captchas, can you tell me which has been the experience of users when using this method?
-(Colin) The faucet was a great way for us to distribute coins to people who have never used it before. Cryptocurrencies that use mining end up distributing only to people who have money to buy the mining hardware and this is unfair. We had a lot of people from Indonesia and Asia in the beginning of our distribution and at the end there were a lot of people from South America, Venezuela and Brasil that were getting most of the Nano from the faucet. We think this was a fairer way to do it and it got Nano into the hands of people in different locations, and it had a very positive impact on their lives.
-(Admin) This is incredible! thanks for your answer!
Can you tell us about what the Open Representative Vote is about and how it protects the network?
-(Zach) Nano uses voting to get confirmation on the network instead of mining and the nodes on the network that create votes are called Representatives. Open Representative Voting allows people who have a Nano balance to pick whatever representative they want to vote on their behalf. This allows the people who hold Nano to decide who generates consensus instead of mining companies. The voting process is very efficient and is a big part of what allows Nano to be fee-less and use very little energy.
-(Admin) Very good! The last question on my part:
Nano PoW is your new approach, I have read a pretty interesting example with emails, can you explain what it is about?
-(Colin) Nano PoW is a research project we’re doing in order to create a proof of work algorithm that uses less energy than other popular algorithms. Since Nano is fee-less, there must be a method to limit transactions going onto the network, which this PoW achieves. With the goal of using more memory in the process instead of CPU cycles in order to generate proofs, this new Nano PoW will help prevent ASICs from being able to cheaply send lots of transactions. It’s important for a cryptocurrency that’s used around the world to be energy efficient and green so continuing our research on this is important to us.
-(Admin) https://medium.com/nanocurrency/nano-pow-the-details-ba22a9092d6f
Thanks for your answers, Colin and Zach! I have a video, taken from your YouTube account that I would like to share with the community
https://www.youtube.com/watch?v=eh9pA8UCUrI
Can you tell me what we see in this video?
-(Colin) This is a video of how fast our transactions send and receive. You can see it takes less than 1 second to finish which means you can use it as a currency.
- (Zach) The wallet was made by developers in our amazing community, it is called Natrium. It really shows how fast Nano is and how it is easy-to-use!
-(Colin) You can also see how simple it is to use. You just scan, enter an amount, and send. There are no complicated setting which is great for new users and great for adoption.
- (Zach) And the best part is, there were no fees at all for that transaction. In fact there have never been any transaction fees on the Nano network ever!
-(Admin) Great! That's why I wanted to share it with everyone, yesterday I could try the wallet and it is really spectacular to use, thank you very much for that excellent explanation, please stay with us, now comes the part in which our users participate
Segment 3, community questions
Q -First congratulations on your project, it is amazing. Now, does nano BlockChain have another use besides making transactions?
A - (Zach) Thank you! Nano has always been focused on transfer of value and will continue to maintain that focus. The overall design is aimed at doing only this so it can remain fast, efficient and fee-less.
Q -Good evening! I understand that thanks to its architecture called "Block-lattice", each individual provides the computing power necessary to verify their own transaction, thanks to this they do not use miners to confirm transactions and they do not apply commissions of any kind. My question is: How did this occur and how difficult was it?
A - (Colin) It’s simila, transactions are validated by votes from the representatives, not by the PoW. The PoW is a way to slow down how fast people can create transactions so they can’t spam the network.
Q - Do you have any short or long term projects so that transactions using $NANO were anonymous?
A - (Colin) Long term we want to see what privacy options exist and are fast. Most privacy schemes make the transactions very big or slow to process and it’s important for things to remain quick and efficient so we can have fast transactions.
Q - We are living in Venezuela many changes in the cryptocurrency sector, the integration of crypto for service payment and product purchases is already a reality. What agreements has NANO made with service stores to integrate it as a means of payment? I want to pay my movie ticket with NANOS
A - (Zach) Thanks for your interest in Nano. We are always looking for ways to allow everyone to use Nano in as many places as possible. Although separate from our organization, we are aware of the efforts of the Nano Venezuela organization and try to support them when possible in bringing Nano to as many people and stores in Venezuela as possible.
Q - (7 questions made from one persone at once)
  1. How do you manage to make your transactions virtually instantaneous?
  2. How do they create part of the company's livelihood if no fees are charged for transactions?
  3. Why does $ NANO consume so little electricity?
  4. Requirements for a medium-sized company to adopt nano correctly as a means of payment?
  5. Since 100% of the $ NANOS are distributed, I have seen something in Medium that talked about `` Nano PoW '', could you tell me a little more about how it works? What profit will the person / institution get that puts hardware for their PoW? Will more $ NANO be created apart from those already in circulation?
  6. What do the representatives earn for putting their vote and validating blocks if 100% of the $ NANOS are already created / issued?
7- Since your policy / slogan / commandment is to be a cryptocurrency without fees, shouldn't you force exchanges in which $ NANO is present that they don't charge withdrawal fees?
A - (Colin)
  1. Transactions are fast because they’re validated by voting. The votes get transmitted around the world in milliseconds and all people have to do is count votes to confirm the transaction.
  2. We use the Dev fund to pay for developing the Nano protocol. The Nano protocol is a free tool that other people can build businesses on. We have ideas for businesses that can use fast, free money in order to help people send money to their family in other countries or pay microtransactions. It’s similar to Linux, it’s free but big companies use it because it saves them money.
  3. Nano uses little electricity because we use voting for validating transactions. Voting is just sending data over the internet which is power efficient.
  4. You can run a nano node with 40-60$/mo using cloud virtual machines
  5. Nano pow is just a more efficient way to slow people down from sending transactions to the network
  6. The most important thing is: why does a company want to use cryptocurrency? They want to use it because it saves them money on bank fees, etc. Since 40-60$/mo running a node is less expensive than their bank fees, they want to participate in the network to keep it going and save them money.
Q - Knowing all this about Nano, could you say that Nano is one of the most energy-efficient, Ecological friendly currencies in existence?
A -(Zach) Absolutely. We care about making a positive change in the world and so pride ourselves on leaving as little energy trace possible in the world. It may just be the fastest, most efficient transfer of value available.
Q - If the nano protocol had not passed the Red4Sec signature security test, would it have any vulnerability today?
A - (Colin) The Red4Sec audit didn’t find any critiral vulnerabilities in Nano. In fact they did the audit twice because they couldn’t find anything wrong and that never happened before.
It’s important for us to keep the code high quality and we will do audits again in the future because it’s important to make sure everything is secure.
Q - I'd like to see more development of Nano by using SMS on our phones to avoid the problem of no Internet connection at the moment
A -(Zach) As much as we like the idea of SMS, unfortunately it is not a secure network so managing Nano transactions over it brings some unique requirements. However we are always innovating and trying to make Nano as easy and accessible as possible so hope advances can help over time make it more accessible in this area.
Q - What plans do you have to close this 2019 to increase adoption in Latin America?
A -(Colin) We are very excited about the passion we see in the south american community. We would love to make it down to VE however in the mean time follow nanoVE for updates and meetups - there may be one near you soon!
Q - How will you make the adoption and use of $ NANO continue to increase especially in markets where other cryptocurrencies are gaining more ground?
A - (Colin) Our focus is to build tools people need to accept cryptocurrency. Right now it’s still difficulty and expensive. One thing we’re making is the device Appia which can accept cryptocurrency similar to a credit card. We made this device very inexpensive and can connect over wireless so it can be used in markets or resturaunts or other places cryptocurrency is not yet available.
- (Admin) Thank you very much for your answers! You are the first guests that answer all the questions of our users, you are amazing guys!
@AndyNano It was amazing to meet you, I learned a lot from you
@FundacionNanoVE Thanks for making this happen! excellent work
@nano_isam Thanks for everything buddy!
-(Zach) Can we ask a question to the channel?
What are the top things Nano can do to help you in your daily lives?
-(Colin) My question: How do you store cryptocurrency safely? Where do you back up your seed so it isn’t lost or stolen?
A - In Venezuela we currently have a problem with conventional payment processors, they are very slow, it would be great to be able to see people using NANO to make their purchases at any store in Venezuela, 0 commissions and instant transactions, is what we need
A - Fast transactions are what can help society the most, and except that, the best thing is that it is very cheap ... from there it is addition, those are the main characteristics that we look for the most
A - encrypted file in a pendrive
A - Nano is a direct competition to the vast majority of Cryptos, in transaction speed and that it is literally free to send or receive, nothing to wait for 5 hours or the next day when you pay for items or services with Crypto, let's increase the adoption of nano!
-(Colin) Question: Are there barriers to using Nano in your country right now?
A - No barriers in Venezuela
A - No barrier what is lacking is greater diffusion in means to give greater projection and that the adoption arrives. Here I am to support NANO!
A - There should be no barriers to the payments we wish to make, freedom above all
-(Colin) Fantastic!
- (Zach) Thanks everyone, I have to go but I appreciate all the awesome questions and answers!
submitted by AlejandroZD58 to nanocurrency [link] [comments]

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