Drop in Bitcoin price brings down hashrate and network

Keep on minting my friends

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Masari: Simple Private Money

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Bitcoin Cash Miners Leave Network for BTC Amid Difficulty Drop (current BTC/USD price is $6,641.21)

Latest Bitcoin News:
Bitcoin Cash Miners Leave Network for BTC Amid Difficulty Drop
Other Related Bitcoin Topics:
Bitcoin Price | Bitcoin Mining | Blockchain
The latest Bitcoin news has been sourced from the CoinSalad.com Bitcoin Price and News Events page. CoinSalad is a web service that provides real-time Bitcoin market info, charts, data and tools. Follow us on Twitter @CoinSalad.
submitted by coinsaladcom to CoinSalad [link] [comments]

Mining Bitcoin BTC at Home is NOT PROFITABLE | Network Difficulty Rising Faster Than Bitcoin Price

Mining Bitcoin BTC at Home is NOT PROFITABLE | Network Difficulty Rising Faster Than Bitcoin Price submitted by VoskCoin to Bitcoin [link] [comments]

Mining Bitcoin BTC at Home is NOT PROFITABLE | Network Difficulty Rising Faster Than Bitcoin Price

Mining Bitcoin BTC at Home is NOT PROFITABLE | Network Difficulty Rising Faster Than Bitcoin Price submitted by VoskCoin to VoskCoin [link] [comments]

Bitcoin [BTC] Price Breaches $13K Again as Network Hashrate and Mining Difficulty Sore

Bitcoin [BTC] Price Breaches $13K Again as Network Hashrate and Mining Difficulty Sore submitted by Tukimoki to Bitcoin [link] [comments]

Bitcoin [BTC] Price Breaches $13K Again as Network Hashrate and Mining Difficulty Sore

Bitcoin [BTC] Price Breaches $13K Again as Network Hashrate and Mining Difficulty Sore submitted by Crypto-Economy to cryptoeconomynet [link] [comments]

Bitcoin Network Difficulty Reaches New High in More than Three Months, Will BTC Price Follow? - Bitcoin Exchange Guide

Bitcoin Network Difficulty Reaches New High in More than Three Months, Will BTC Price Follow? - Bitcoin Exchange Guide submitted by ulros to fbitcoin [link] [comments]

Bitcoin Network Difficulty Reaches New High in More than Three Months, Will BTC Price Follow?

Bitcoin Network Difficulty Reaches New High in More than Three Months, Will BTC Price Follow? submitted by leftok to atbitcoin [link] [comments]

Bitcoin Network Difficulty: Up ~20 Percent To New All Time High As Chicoms Ban Trading, Price Still Nearly Within ~20% of All Time High

Bitcoin Network Difficulty: Up ~20 Percent To New All Time High As Chicoms Ban Trading, Price Still Nearly Within ~20% of All Time High submitted by TurfEnough to Bitcoin [link] [comments]

Bitcoin Network Difficulty: Up ~20 Percent To New All Time High As Chicoms Ban Trading, Price Still Nearly Within ~20% of All Time High

Bitcoin Network Difficulty: Up ~20 Percent To New All Time High As Chicoms Ban Trading, Price Still Nearly Within ~20% of All Time High submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin’s mining difficulty just increased by 14.9%—biggest difficulty increase in over two years.

Bitcoin’s mining difficulty just increased by 14.9%—biggest difficulty increase in over two years. submitted by coinsmash1 to Bitcoin [link] [comments]

Our 10 MW bitcoin mining farm in Kazakhstan. We do provide hosting services and custom mining projects for institutional investors.

Our 10 MW bitcoin mining farm in Kazakhstan. We do provide hosting services and custom mining projects for institutional investors. submitted by shaborli to Bitcoin [link] [comments]

Can any debunk this?

Can any debunk this? submitted by blueberry_pie500 to Bitcoin [link] [comments]

What if Hashrate started to decline permanently [PoW question]

Hi frens, I've something on my tongue but I cannot really grasp it.
What if the amount of energy in the past was a peak and miners at some point invest less. This would mean that coins were created more expensive than how at some point when they are used are secured by hashrate.
Maybe my point is, can Bitcoin collapse, like, at all? Or does PoW just make it very unlikely? I mean the amount of energy/work that was invested up til now is irreversible, it is final even when at some point Bitcoin "crashed".
However, two problems with this:
  1. Invested work is not equal to value. Obviously true.
  2. How is the burnt energy somewhat bound to the currency it was used for? It could still be possible that some day there is a Bitcoin 2.0 and all holder exchange their coins for it. Does that mean the stored PoW moves to this new coin? How is PoW then a valid approach after all?
You see, I'm having a hard time to even formulate these issues. Any thoughts?
submitted by BrugelNauszmazcer to BitcoinBeginners [link] [comments]

Proof of work question

I spent some time reading through the whitepaper a couple days ago... the proof of work thing got me thinking.
It sounds like the nonce generation thing, finding a number with the right number of 0s heading it and the right number for the rest of the digits as I understand it, is only needed to prevent a double spend.
Right after that an attacker trying to attempt a double spend is described as taking a random walk in which the number of blocks created by the attacker and the network is the prime factor. The amount of time each block takes to generate is viewed as secondary. I am wondering why a nonce proof of work trick is needed to slow the network down. Of course the immediate answer is to keep the attacker from generating blocks quickly, but there's two things: the first is that it's common practice to wait a certain number of blocks to consider the transaction confirmed anyways, which lowers the chance of an attacker generating a chain of blocks fast enough to overtake the main chain. The second is that if the nodes on the network are all using the same protocol, then they're all generating blocks at the same speed, which means no matter how far the attacker gets, the network is also that far along.
It seems to me this is the core reason why bitcoin is so power hungry, and I'm not sure why it's needed. Couldn't the protocol require handing off of block generation, and keeping time between nodes to have similar results?
submitted by AlethiaArete to Bitcoin [link] [comments]

"Bitcoin [Core] mempool is blowing up right now, to me it looks like a primary miner is cutting off mining to grow the transaction fee cost... there are 1 hour intervals with no blocks mined, about an hour ago there was a huge chunk of low cost transactions thrown into the network.."

submitted by Egon_1 to btc [link] [comments]

The future of dApp development. The end of blockchain tribalism

The future of dApp development. The end of blockchain tribalism
If you are a dApp developer this is a must read!
As all the blockchains have their advantages and disadvantages there is no blockchain which will rule them all. Each blockchain will get congested as soon there are too much “mass adoption” dApps on it, which actually getting used. One blockchain is more decentralized, another more performant.
The solution are decentralized services which are validated and 100% ONchain. A platform layer where dApps can choose what they need, without important trade-offs for their applications. And everybody who want to offer a service, can offer them as a Service Provider. The DAPP services are the new (Amazon) Web Services but decentralized, affordable and for blockchains. Today the DAPP Network counts already 35 DSP’s (DAPP Service Providers) offering 120 services (packages) and counting…
The internet of Blockchains - enabled by the universal middleware of the DAPP Network
The DAPP Network is the first solution which offers this kind of decentralized services. And with the Chintai.io DAPP Resource Exchange where developers can rent DAPP tokens for an affordable price for 30 days, they can pay monthly with a ‘pay-as-you-go” model for their resources and scale their dApps step by step. And it doesn’t make a difference if it’s a new developed dApp or if somebody want to use services for an already existing dApp. If the dApp already exists on a specific blockchain, it can stay on that blockchain and nonetheless use services or scale without tradeoffs. No need any more to change to another blockchain thanks to LiquidLink.
What do you think will happen to the crypto space when companies and big enterprises start to realize that they are independent of any specific blockchain and that they can scale/tokenize their dApps 100% ONchain to an affordable price to mass adoption without any tradeoffs?
Get/Buy DAPP tokens on Bancor.network or Newdex.io before big exchanges start to list DAPP. Today DAPP is worth 0.015$ per token. The concept is in my opinion a breakthrough! Just think about Chainlink is today around 5$ per token. And Chainlink is offering only one service (oracles) which DAPPNetwork offers.
With Zeus SDK LiquidApps.io offers an open source plug and play development platform/middleware. Github: https://github.com/liquidapps-io

Showcase LiquidOracles, LiquidAccounts, LiquidScheduler, or vRAM in your dApps and you could win a grant of up to 300,000 DAPP tokens! https://medium.com/the-liquidapps-blog/announcing-the-dapp-network-grants-program-7b104e1ce1d6
Use LiquidLink, along with the rest of the DAPP Network’s multi-chain service suite, to participate in the Great Reddit Scaling Bake-Off and you could win up to 1,000,000 DAPP tokens! https://app.voice.com/post/@zack/the-dapp-networks-reddit-scaling-bounty-1594068605-1 Team DAPP Solutions is actively engaged in the Great Reddit Scaling Bakeoff, if you have an interest in joining this initiative, reach out to http://dappsolutions.app to collaborate
If you have questions get in contact with LiquidApps team! They and Beni Hakak personally will support and help you that your dApp will stay affordable for you and have the best chance to get successful!


Working services today, offered by multiple DSP’s to choose from, 100% all ONchain, are:
LiquidLink: LiquidLink allows you to connect your dApp to assets, actions, and applications on any blockchain you want (Bitcoin, Ethereum, EOSIO chains like EOS, WAX, Worbli, Ultra, Telos, BOS, …). Working and integrated product today
LiquidX: LiquidX enables dApps to run on the blockchain of their choice and still enjoy all of the benefits of using DAPP Network services Working and integrated product today
More chains (Neo, Tron, Hyperledger, Hedera, Tezos, Cosmos, Cardano, Polkadot, Solana, ...) can/could be added as soon a dApp want to connect to them
Proofen link to Ethereum and EOSIO chains. Already integrated in CoVax and Project Phoenix.
LiquidChains: Blockchain as a Service with unprecedented customizability. Your Chain, Your Choice! LiquidChains are fast, easy, fully customizable blockchains for your project, running on the popular proof of work or proof of stake consensus mechanisms. Each LiquidChain comes out of the box with the full suite of DAPP Network services ready for use. Working and integrated product today
https://preview.redd.it/bmw3ior4y7951.png?width=649&format=png&auto=webp&s=6fee388254119a0d62b0bfd870b107b8c40c6bde
Sharding: With LiquidChains developers can now spin up feature-rich, custom shards in minutes and seamlessly connect it to a public network (if they want to.) If you’re an Ethereum developer that needs to scale right now, get in touch with the LiquidApps team about harnessing LiquidChains to create a custom shard for your dApp! Working product today
Liquid vCPU: Boundless Computational Power. With vCPU, your application can offload intense computing work to the distributed DAPP Network. Working product today
https://preview.redd.it/4e7cbwy6y7951.png?width=645&format=png&auto=webp&s=cf56a072dc8555840db7046675657a2876db6cdd
LiquidOracles: Choose from different DSP’s low latency oracle services. LiquidOracles stands out by keeping SLAs and data verification on chain, protecting you from the risks of malicious or accidental failure. Protect your data streams from being modified by malicious parties. Decentralized and trustless, without needing a separate blockchain. LiquidOracles are a more generalized and flexible solution than other oracle solutions like Chainlink. They also do not have any limitations with gas fees or block times. For example, EOS Options (on Kylin) is currently calling multiple price feeds every 15 seconds using LiquidOracles and have also tweeted recently about their plans to update their oracle feeds every 1 second. Things like that just aren’t possible on Ethereum at this time. Working and already integrated product today in eosoptions.com, Equilibrium EOSDT stablecoin and Project Phoenix
DSP's (DAPP Service Providers) could integrate Chainlink as part of their data feeds, and Chainlink could utilize the DAPP Network to gain some additional advantages. Link and DAPP are better together
LiquidScheduler: Set timed events. Free up resources when users become inactive. Schedule regular checks of data sources. Take advantage of options to make your application more resistant to unreliable providers and infrastructure failures. It’s a Cron-Like Task Scheduler Example: regularly update from oracle feed (Example all 15 seconds) Working and already integrated product today in eosoptions.com, Equilibrium EOSDT stablecoin and Project Phoenix
LiquidBrinX: Frictionless Cross-Chain Data Transfer. Now anyone can deploy a cross-blockchain token bridge to allow for asset transfers in between chains! LiquidBrinX blends together vRAM, LiquidOracles and LiquidScheduler to yield a smooth and secure interoperability solution for dApps. Proofen and working product today
LiquidAccounts: LiquidAccounts allows dApps to provide users with free accounts, created easily, by inputting simple, familiar details such as only a username and password. Eliminate onboarding difficulties with a solution that remains secure and trustless, all while being able to easily transition accounts to mainnet accounts when requested. Working and already integrated product today in dappacount.com and Project Phoenix
LiquidStorage: IPFS decentralized storage. Decentralized Storage for Files, Websites, and More. Proofen and working product today. Already integrated with Equilibrium EOSDT stablecoin and Project Phoenix
Liquid vRam: Alternative & Compatible Memory Solution. vRAM is an alternative memory solution for developers building blockchain dApps that is RAM-compatible, decentralized, and enables storing & retrieving of potentially unlimited amounts of data affordably and efficiently Working and already integrated product today with Moonlighting (700’000 users), Equilibrium EOSDT stablecoin and Project Phoenix
LiquidArchive: History API Provisioning Proofen and working product today
LiquidCrypto: LiquidCrypto service offer a whole suite of cryptographic algorithms from ECC, RSA signatures & encryptions to ZK-Snarks, Blind signatures Proofen and working product today. Already integrated in Project Phoenix
LiquidHarmony: Web/IBC/vCP/SQL Services Proofen and working product today
Liquid KMS: Key Management Service Proofen and working product today
LiquidSQL: decentralized databases. Proofen and working product today
LiquidBilling: Transaction signing service Proofen and working product today
LiquidDNS: DAPP Service Provider hosted DNS Service Proofen and working product today
LiquidLens: Read function service Proofen and working product today
LiquidRandomness: Easy, Secure Random Number Generation. Blockchains, by nature, exclude the possibility of easily obtaining truly random numbers for use in applications. As a result, numerous dApps have been gamed. Easily implement randomness without resorting to vulnerable, complex, or expensive methods Proofen and working product today
https://preview.redd.it/wvh77p7ry7951.png?width=650&format=png&auto=webp&s=6c9c5bfdbb1216e7c4585d870b9663fa60aa9858
LiquidEscrow: Today’s most successful centralized applications are popular because they are simple, trustworthy, and predictable. What if we could leverage Discord, the world’s largest internet gaming community, to bring millions of gamers a brand new experience on a platform that they already know and love? Team Onessus have harnessed the power of the DAPP network to offer these gamers something amazing: A Global Economic Esports Community, utilizing a new DAPP Network Service, which we call LiquidEscrow. Proofen and working product today
Project Phoenix (a Patreon-like dApp) is a showcase for mostly all the DAPP services and how you can use them. The code will soon be opensource on github. https://www.youtube.com/watch?v=y-VYlv73mqI

https://preview.redd.it/mpgnuppty7951.png?width=653&format=png&auto=webp&s=0e8c7de3d047a3e85b69545169a875146bcae609
#DAPPNetwork can be fast like EOSIO, it can be with sharding like Cosmos, it can be decentralized like Ethereum, it can be with IBC like BOS, it can be true multi-chain like polkadot, it can be encrypted like privacy coins (Soon maybe as well with Monero tech if PEOS project succeed and if DSP offer this services), it can be stored ONchain like Filecoin, it can use oracles like chainlink (but with low latency) – It offers TODAY what 7 blockchains or more combined would offer!


And now tell me again, whats your excuse that you are not using DAPPNetwork’s service’s and/or developing with Zeus SDK from LiquidApps.io?


Showcase LiquidOracles, LiquidAccounts, LiquidScheduler, or vRAM in your dApps and you could win a grant of up to 300,000 DAPP tokens! https://medium.com/the-liquidapps-blog/announcing-the-dapp-network-grants-program-7b104e1ce1d6
Use LiquidLink, along with the rest of the DAPP Network’s multi-chain service suite, to participate in the Great Reddit Scaling Bake-Off and you could win up to 1,000,000 DAPP tokens! https://app.voice.com/post/@zack/the-dapp-networks-reddit-scaling-bounty-1594068605-1


Become a DSP: https://liquidapps.io/becoming-a-DSP
More information about all the services: https://liquidapps.io/news
DAPP talk videos with the liquidapps team: https://liquidapps.io/videos
Articles on medium: https://medium.com/the-liquidapps-blog
LiquidApps documentation: https://docs.liquidapps.io/en/v2.0/
SDK Zeus: https://liquidapps.io/zeus
Webinars & Walkthroughs: https://liquidapps.io/walkthroughs
Zeus documentation: https://docs.liquidapps.io/en/stable/developers/zeus-getting-started.html
Telegram Developers DAPPNetwork: https://t.me/dappnetworkdevs

DAPP Solutions offer DAPP Academy and help amazing projects get to market. Freemium Resource Model: https://dappsolutions.app/
Blockstart provide training, mentorship and connect blockchain enthusiasts to the tools and funding opportunities to make their ideas come true: https://blockstart.one/

LiquidApps invites bounty hunters, EOSIO and blockchain experts and hackers to search the DAPP Network’s codebase for vulnerabilities, flaws, and imperfections for a chance to earn a portion of up to 10,000,000 DAPP tokens available for this bounty (up to 1% of the total token supply)


Projegts using DAPPNetwork today:
DAPP Solutions are scaling Reddit with DAPPNetwork scaling services and LiquidLink
dappaccount.com uses liquidaccounts
The first custom integration from DAPPAccount is with Orcanic Community Market, who are using it to create blockchain accounts for every user on the platform to tokenize their membership and rewards program.
Moonlighting (700'000 users) uses vRAM and reduce onboarding costs from $2000 to $10 a day!
CoVax uses LiquidChains and LiquidLink/LiquidX
eosoptions.com uses LiquidOracles and LiquidScheduler which updates on average every 15 seconds!
Phoenix uses mostly all LiquidServices
Equilibrium EOSDT stablecoin integrated liquidOracles, liquidScheduler, liquidStorage and liquidvRam
Maybe upcoming projects (rumors, interviews, tweets, hackathon's, maybe's) using/integrating DAPPNetwork are:
Blockstart and DAPP Solutions partnered to solve real world business problems and bring blockchain to the masses with digital Signatures Blokument using DAPPAccount
deWeb.io plans to integrate vRam and LiquidAccounts to scale, maybe using LiquidX and LiquidLink to connect to other chains and maybe using LiquidOracles and LiquidStorage for many potential deWeb online services, built by 3rd party developers or in-house (Telegram)
Bancor maybe integrates liquidOracles once they create a new pool on EOS they said on Telegram
Team Aikon is hard at work utilizing LiquidAccounts to make seamless sign-in a reality
Onessus plans to integrate LiquidChains and LiquidRandomness (Telegram) in HodlGod (Battle royale title, just like Fortnite - today running on WAX blockchain)
Hackathon project The Global Economic ESports Community & LiquidEscrow invented LiquidEscrow service
Hackathon project EOS Resource Lending on Centralized Exchange (CEX) using liquidAccounts, liquidOracles and liquidvRam
Hackathon project Liquid Galaxy Massive Multiplayer Online Role-Playing Game using liquidOracles, liquidScheduler, liquidvCPU, liquidLink
Hackathon project Rekt.Land blockchain-based board game using liquidAccounts, liquidStorage and liquidLink
Everipedia‘s maybe integrates liquidOracles for its IQ digital asset
Effect.ai project maybe become a service provider or could use DAPPAccounts in future
Vigor Project maybe integrates liquidOracles
And for sure there are many projects and ideas on development with LiquidApps team, Dapp Solutions team, Blockstarts team and others we don't know anything about yet...

Read some more interesting articles
- Who will achieve DeFi’s Holy Grail with Real-Time Gross Settlement, High Throughput and Long-Term Storage On The DAPP Network
- How could the DAPP Network evolve the Multi-Billion Cloud Computing Industry
- How DAPPNetwork will create distributed hubs of functionality, liquidity, and data across multiple decentralized networks - DAPP Network Is the perfect glue between chains
submitted by CryptoDae to CryptoCurrencies [link] [comments]

The Mysterious Entity that Caused the Bitcoin Network fees to Jump 146% in May

The Mysterious Entity that Caused the Bitcoin Network fees to Jump 146% in May
May 25, 2020
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Bitcoin price has yet again taken a dive to $8,800, recording a drop of 4%.
Meanwhile, Network Demand Score which is a metric incorporating network velocity, transaction value, fees, and miner’s rolling inventory, climbed to 6/6 following the bitcoin halving meaning the network is growing stronger which could also be a sign that “we’re in a longer-term bull market.”
Since March 12th, just before the massive sell-off, this score has remained above a 3/6 reflecting growing strength in network activity and instilling confidence in the ongoing uptrend for the bitcoin price.
3 Reasons why fees skyrocketed
One component of this indicator, bitcoin on-chain fees has been surging like crazy.
Last week, Bitcoin average transaction fee climbed to $7, last seen in February 2018. This has the miner revenues from fees rising to the levels not seen for more than 2 years. But this week, it also dropped 55% to $3.13.
The increase in transaction fees, which is increasingly becoming more important for Bitcoin network security, has been because of the unconfirmed transactions piling on in mempool.
A decline in hash rate following halving caused fewer blocks to be found and will continue until the next difficulty adjustment has been one of the reasons behind this jump in fees.
The other reason is the large fluctuations in bitcoin price which has traders sending coins between exchanges.
Ather reason is a “mysterious entity which has been consolidating outputs at the highest fee rates, driving up fees for everyone,” pointed out Serrrgej Kotliar, CEO Bitrefill.
Who is this “Crazy1o1”?
Over the weekend Kotliar shared how, for the past 14 days, this mysterious entity has consolidated a lower-bound of 720 thousand outputs, 5 MB per day, more than BitMEX.
Since May 1st, this entity named “Crazy1o1” has spent around 804k UTXOs and has paid more than 104BTC in mining fees during this time, noted Laurent.
“On some days, these fees are equivalent to 10-12% of all the fees received by miners,” he said.
Laurent along with others suspect this entity to be the cryptocurrency exchange Coinbase.
Earlier this month, it was also found that crypto derivatives exchange BitMEX is making the bitcoin network expensive for everyone and its own users are paying 6.8% of total daily transaction fees.
Prepare for the next bull market
All of this a “decent fire drill for what might happen if we see another bull market,” said Kotliar. Grubles from Blockstream said,
“ON-CHAIN FEES AND BTC PRICE MOVEMENTS CHART. YOU CAN SEE THAT BIG MOVEMENTS RESULT IN PEOPLE RUSHING TO TRANSACT (ALMOST CERTAINLY TO/FROM EXCHANGES), PUSHING FEES UP FOR OTHER NON-TRADER USERS WHO NEED UNCENSORABLE / IRREVERSIBLE TRANSACTIONS.”
The fees reached its all-time high at over $55 during the peak of the bull market in December 2017. As such in the next bull market, a 5x growth in on-chain transactions should be expected.
But given that batching, one of the many ways the network has been scaled is here, it will prevent the pressure on the network from getting worse than 2017. But exchanges will need to be prepared for this.
submitted by kealenz to BitcoinMarkets [link] [comments]

(art project) a miner at the end of the universe

As an art project I want to set up a raspberry as a bitcoin miner with a twist: It will only mine when the difficulty factor is low enough to mine on a rpi, "a miner at the end of the universe" kinda idea. Obvious, it's hard to find much info about how to do this, any suggestions where to start?
submitted by RndDebris to BitcoinMining [link] [comments]

The future of dApp development. The end of blockchain tribalism

The future of dApp development. The end of blockchain tribalism
If you are a dApp developer this is a must read!
As all the blockchains have their advantages and disadvantages there is no blockchain which will rule them all. Each blockchain will get congested as soon there are too much “mass adoption” dApps on it, which actually getting used. One blockchain is more decentralized, another more performant.
The solution are decentralized services which are validated and 100% ONchain. A platform layer where dApps can choose what they need, without important trade-offs for their applications. And everybody who want to offer a service, can offer them as a Service Provider. The DAPP services are the new (Amazon) Web Services but decentralized, affordable and for blockchains. Today the DAPP Network counts already 35 DSP’s (DAPP Service Providers) offering 120 services (packages) and counting…
The Internet of Blockchains - Enabled by the Universal Middleware of the DAPP Network
The DAPP Network is the first solution which offers this kind of decentralized services. And with the Chintai.io DAPP Resource Exchange where developers can rent DAPP tokens for an affordable price for 30 days, they can pay monthly with a ‘pay-as-you-go” model for their resources and scale their dApps step by step. And it doesn’t make a difference if it’s a new developed dApp or if somebody want to use services for an already existing dApp. If the dApp already exists on a specific blockchain, it can stay on that blockchain and nonetheless use services or scale without tradeoffs. No need any more to change to another blockchain thanks to LiquidLink.
What do you think will happen to the crypto space when companies and big enterprises start to realize that they are independent of any specific blockchain and that they can scale/tokenize their dApps 100% ONchain to an affordable price to mass adoption without any tradeoffs?
Get/Buy DAPP tokens on Bancor.network or Newdex.io before big exchanges start to list DAPP. Today DAPP is worth 0.015$ per token. The concept is in my opinion a breakthrough! Just think about Chainlink is today around 5$ per token. And Chainlink is offering only one service (oracles) which DAPPNetwork offers.
With Zeus SDK LiquidApps.io offers an open source plug and play development platform/middleware. Github: https://github.com/liquidapps-io

Showcase LiquidOracles, LiquidAccounts, LiquidScheduler, or vRAM in your dApps and you could win a grant of up to 300,000 DAPP tokens! https://medium.com/the-liquidapps-blog/announcing-the-dapp-network-grants-program-7b104e1ce1d6
Use LiquidLink, along with the rest of the DAPP Network’s multi-chain service suite, to participate in the Great Reddit Scaling Bake-Off and you could win up to 1,000,000 DAPP tokens! https://app.voice.com/post/@zack/the-dapp-networks-reddit-scaling-bounty-1594068605-1 Team DAPP Solutions is actively engaged in the Great Reddit Scaling Bakeoff, if you have an interest in joining this initiative, reach out to http://dappsolutions.app to collaborate
If you have questions get in contact with LiquidApps team! They and Beni Hakak personally will support and help you that your dApp will stay affordable for you and have the best chance to get successful!


Working services today, offered by multiple DSP’s to choose from, 100% all ONchain, are:
LiquidLink: LiquidLink allows you to connect your dApp to assets, actions, and applications on any blockchain you want (Bitcoin, Ethereum, EOSIO chains like EOS, WAX, Worbli, Ultra, Telos, BOS, …). Working and integrated product today
LiquidX: LiquidX enables dApps to run on the blockchain of their choice and still enjoy all of the benefits of using DAPP Network services Working and integrated product today
More chains (Neo, Tron, Hyperledger, Hedera, Tezos, Cosmos, Cardano, Polkadot, Solana) can/could be added in the future.
Proofen link to Ethereum and EOSIO chains. Already integrated in CoVax and Project Phoenix.
LiquidChains: Blockchain as a Service with unprecedented customizability. Your Chain, Your Choice! LiquidChains are fast, easy, fully customizable blockchains for your project, running on the popular proof of work or proof of stake consensus mechanisms. Each LiquidChain comes out of the box with the full suite of DAPP Network services ready for use. Working and integrated product today
https://preview.redd.it/z5vsvlzah0951.png?width=1676&format=png&auto=webp&s=90a2b57c8e2d327366d5aca138b495033812a298
Sharding: With LiquidChains developers can now spin up feature-rich, custom shards in minutes and seamlessly connect it to a public network (if they want to.) If you’re an Ethereum developer that needs to scale right now, get in touch with the LiquidApps team about harnessing LiquidChains to create a custom shard for your dApp! Working product today
Liquid vCPU: Boundless Computational Power. With vCPU, your application can offload intense computing work to the distributed DAPP Network. Working product today
https://preview.redd.it/oamcqz1pcy851.png?width=1291&format=png&auto=webp&s=90742ce7bc7922dbc3619291052d1c2d25cb4d9d
LiquidOracles: Choose from different DSP’s low latency oracle services. LiquidOracles stands out by keeping SLAs and data verification on chain, protecting you from the risks of malicious or accidental failure. Protect your data streams from being modified by malicious parties. Decentralized and trustless, without needing a separate blockchain. LiquidOracles are a more generalized and flexible solution than other oracle solutions like Chainlink. They also do not have any limitations with gas fees or block times. For example, EOS Options (on Kylin) is currently calling multiple price feeds every 15 seconds using LiquidOracles and have also tweeted recently about their plans to update their oracle feeds every 1 second. Things like that just aren’t possible on Ethereum at this time. Working and already integrated product today in eosoptions.com, Equilibrium EOSDT stablecoin and Project Phoenix
DSPs (dApp Service Providers) could integrate Chainlinks as part of their data feeds, and Chainlink could utilize the DAPP Network to gain some additional advantages. Chainlink and DAPPNetwork are better together
LiquidScheduler: Set timed events. Free up resources when users become inactive. Schedule regular checks of data sources. Take advantage of options to make your application more resistant to unreliable providers and infrastructure failures. It’s a Cron-Like Task Scheduler Example: regularly update from oracle feed (Example all 15 seconds) Working and already integrated product today in eosoptions.com, Equilibrium EOSDT stablecoin and Project Phoenix
LiquidBrinX: Frictionless Cross-Chain Data Transfer. Now anyone can deploy a cross-blockchain token bridge to allow for asset transfers in between chains! LiquidBrinX blends together vRAM, LiquidOracles and LiquidScheduler to yield a smooth and secure interoperability solution for dApps. Proofen and working product today
LiquidAccounts: LiquidAccounts allows dApps to provide users with free accounts, created easily, by inputting simple, familiar details such as only a username and password. Eliminate onboarding difficulties with a solution that remains secure and trustless, all while being able to easily transition accounts to mainnet accounts when requested. Working and already integrated product today in dappacount.com and Project Phoenix
LiquidStorage: IPFS decentralized storage. Decentralized Storage for Files, Websites, and More. Proofen and working product today. Already integrated with Equilibrium EOSDT stablecoin and Project Phoenix
Liquid vRam: Alternative & Compatible Memory Solution. vRAM is an alternative memory solution for developers building blockchain dApps that is RAM-compatible, decentralized, and enables storing & retrieving of potentially unlimited amounts of data affordably and efficiently Working and already integrated product today with Moonlighting (700’000 users), Equilibrium EOSDT stablecoin and Project Phoenix
LiquidArchive: History API Provisioning Proofen and working product today
LiquidCrypto: LiquidCrypto service offer a whole suite of cryptographic algorithms from ECC, RSA signatures & encryptions to ZK-Snarks, Blind signatures Proofen and working product today. Already integrated in Project Phoenix
LiquidHarmony: Web/IBC/vCP/SQL Services Proofen and working product today
Liquid KMS: Key Management Service Proofen and working product today
LiquidSQL: decentralized databases. Proofen and working product today
LiquidBilling: Transaction signing service Proofen and working product today
LiquidDNS: DAPP Service Provider hosted DNS Service Proofen and working product today
LiquidLens: Read function service Proofen and working product today
LiquidRandomness: Easy, Secure Random Number Generation. Blockchains, by nature, exclude the possibility of easily obtaining truly random numbers for use in applications. As a result, numerous dApps have been gamed. Easily implement randomness without resorting to vulnerable, complex, or expensive methods Proofen and working product today
https://preview.redd.it/6j0qdtovcy851.png?width=1416&format=png&auto=webp&s=ba1b715a6c4787b4976257d41157455f7fae56d4
LiquidEscrow: Today’s most successful centralized applications are popular because they are simple, trustworthy, and predictable. What if we could leverage Discord, the world’s largest internet gaming community, to bring millions of gamers a brand new experience on a platform that they already know and love? Team Onessus have harnessed the power of the DAPP network to offer these gamers something amazing: A Global Economic Esports Community, utilizing a new DAPP Network Service, which we call LiquidEscrow. Proofen and working product today
Project Phoenix (a Patreon-like dApp) is a showcase for mostly all the DAPP services and how you can use them. The code will soon be opensource on github. https://www.youtube.com/watch?v=y-VYlv73mqI

https://preview.redd.it/pwt8zo01t0951.png?width=1267&format=png&auto=webp&s=94758021afded24859e3ff0310bd078a9e63f02b
#DAPPNetwork can be fast like EOSIO, it can be with sharding like Cosmos, it can be decentralized like Ethereum, it can be with IBC like BOS, it can be true multi-chain like polkadot, it can be encrypted like privacy coins (Soon maybe as well with Monero tech if PEOS project succeed and if DSP offer this services), it can be stored ONchain like Filecoin, it can use oracles like chainlink (but with low latency) – It offers TODAY what 7 blockchains or more combined would offer!


And now tell me again, whats your excuse that you are not using DAPPNetwork’s service’s and/or developing with Zeus SDK from LiquidApps.io?


Showcase LiquidOracles, LiquidAccounts, LiquidScheduler, or vRAM in your dApps and you could win a grant of up to 300,000 DAPP tokens! https://medium.com/the-liquidapps-blog/announcing-the-dapp-network-grants-program-7b104e1ce1d6
Use LiquidLink, along with the rest of the DAPP Network’s multi-chain service suite, to participate in the Great Reddit Scaling Bake-Off and you could win up to 1,000,000 DAPP tokens! https://app.voice.com/post/@zack/the-dapp-networks-reddit-scaling-bounty-1594068605-1

Become a DSP: https://liquidapps.io/becoming-a-DSP
More information about all the services: https://liquidapps.io/news
DAPP talk videos with the liquidapps team: https://liquidapps.io/videos
Articles on medium: https://medium.com/the-liquidapps-blog
LiquidApps documentation: https://docs.liquidapps.io/en/v2.0/
SDK Zeus: https://liquidapps.io/zeus
Webinars & Walkthroughs: https://liquidapps.io/walkthroughs
Zeus documentation: https://docs.liquidapps.io/en/stable/developers/zeus-getting-started.html
Telegram Developers DAPPNetwork: https://t.me/dappnetworkdevs

DAPP Solutions offer DAPP Academy and help amazing projects get to market. Freemium Resource Model: https://dappsolutions.app/
Blockstart provide training, mentorship and connect blockchain enthusiasts to the tools and funding opportunities to make their ideas come true: https://blockstart.one/

LiquidApps invites bounty hunters, EOSIO and blockchain experts and hackers to search the DAPP Network’s codebase for vulnerabilities, flaws, and imperfections for a chance to earn a portion of up to 10,000,000 DAPP tokens available for this bounty (up to 1% of the total token supply)


Projegts using DAPPNetwork today:
DAPP Solutions are scaling Reddit with DAPPNetwork scaling services and LiquidLink
dappaccount.com uses liquidaccounts
The first custom integration from DAPPAccount is with Organic Community Market, who are using it to create blockchain accounts for every user on the platform to tokenize their membership and rewards program
Moonlighting (700'000 users) uses vRAM and reduce onboarding costs from $2000 to $10 a day!
CoVax uses LiquidChains and LiquidLink/LiquidX
eosoptions.com uses LiquidOracles and LiquidScheduler which updates on average every 15 seconds!
Phoenix uses mostly all LiquidServices
Equilibrium EOSDT stablecoin integrated liquidOracles, liquidScheduler, liquidStorage and liquidvRam
Maybe upcoming projects (rumors, interviews, tweets, hackathon's, maybe's) using/integrating DAPPNetwork are:
Blockstart and DAPP Solutions partnered to solve real world business problems and bring blockchain to the masses with digital Signatures Blokument using DAPPAccount
deWeb.io plans to integrate vRam and LiquidAccounts to scale, maybe using LiquidX and LiquidLink to connect to other chains and maybe using LiquidOracles and LiquidStorage for many potential deWeb online services, built by 3rd party developers or in-house (Telegram)
Bancor maybe integrates liquidOracles once they create a new pool on EOS they said on Telegram
Team Aikon is hard at work utilizing LiquidAccounts to make seamless sign-in a reality
Onessus plans to integrate LiquidChains and LiquidRandomness (Telegram) in HodlGod (Battle royale title, just like Fortnite - today running on WAX blockchain)
Hackathon project The Global Economic ESports Community & LiquidEscrow invented LiquidEscrow service
Hackathon project EOS Resource Lending on Centralized Exchange (CEX) using liquidAccounts, liquidOracles and liquidvRam
Hackathon project Liquid Galaxy Massive Multiplayer Online Role-Playing Game using liquidOracles, liquidScheduler, liquidvCPU, liquidLink
Hackathon project Rekt.Land blockchain-based board game using liquidAccounts, liquidStorage and liquidLink
Everipedia‘s maybe integrates liquidOracles for its IQ digital asset
Effect.ai project maybe become a service provider or could use DAPPAccounts in future
Vigor Project maybe integrates liquidOracles
And for sure there are many projects and ideas on development with LiquidApps team, Dapp Solutions team, Blockstarts team and others we don't know anything about yet...

Read some more interesting articles
- Who will achieve DeFi’s Holy Grail with Real-Time Gross Settlement, High Throughput and Long-Term Storage On The DAPP Network
- How could the DAPP Network evolve the Multi-Billion Cloud Computing Industry
- How DAPPNetwork will create distributed hubs of functionality, liquidity, and data across multiple decentralized networks - DAPP Network Is the perfect glue between chains
submitted by CryptoDae to eos [link] [comments]

If you missed the AMA

AMA AT DETECTIVE ID (25/06/2020)
Before welcoming any questions, I would like to briefly introduce STATERA PROJECT. Statera is a smart contract deflationary token pegged to a cryptocurrency index fund. By including STA in an index fund with Link, BTC, ETH, and SNX you can buy one token and access the price action of four of the leading cryptocurrencies. You can also invest directly in the index fund (balancer pool) and receive the benefits of fees and BAL tokens paid to you while also having an automatically balanced fund. Lastly the deflationary mechanics of STA increases the chance for positive price action while decreasing beta (volatility). This is all found in a smart contract that is fully decentralized, the founders can no longer augment the contract in any way and this has been confirmed by a third party code audit through Hacken.
Q1 : please explain in more detail about Statera, what is the background of this project? and when was it established?
The dev of this project had previously created another deflationary token BURN. When the Balancer Labs released the Balancer Protocol, he had an idea to combine the two, deflationary token and a pool of tokens, making the first deflationary index fund. It started in the end of May and on the 3rd iteration, May 29th - a trustless version was launched that we see today. As briefly explained earlier, STATERA or STA is an Index Deflationary Token built on Ethereum blockchain; Index: Contains a token suite of world class leading crypto assests BTC, ETH, LINK, SNX with STA. Deflationary: On every transaction of STA 1% of the transacted amount is sent to 0x address on ethereum, burned forever, thus reducing the circulating supply of STA Index+Deflationary: STA is mixed with BTC, ETH, LINK SNX in a portfolio, backed by liquidity on a protocol known as balancer (balancer.finance) This platform serves as a market maker for the token suit. The Index suite is of equal rate of 20%, that is 20% of BTC, ETH, SNX LINK and STA, Thus, anytime there is an increase in value of any of those coins or tokens, balancer automatically trade them for STA in order to keep the token suit ratio balanced. And anytime there is an increase in the value of STA, the same process applies. while doing this trade, it enables further burning on every transaction, thus facilitating more token scarcity. In addition to this, Statera was deployed with contract finalised, that is, the index suite can not be altered, It is completely out of Dev's control.
Q2 : What are the achievements that have been obtained by Statera in 2020? And what goals do you want to achieve in 2020?
By this we assume the questionnaire is asking for a roadmap! First, the project is barely a month old, and within just a month, our liquidity has grown from $50,000 to over $400,000 currently above $300,000. Among the things we have accomplished so far is the creation of market value for STA's Balancer liquidity pool token BPT, which is currently over $1000 per one BPT. Regarding what we set to achieve: The future is filled with many opportunities and potentials, currently, we are working on a massive campaign to introduce our product to the outside world. We have already made contact with different and reputable forums and channels regarding marketing and advertisement offers, some which we are currently negotiating, some which we are awaiting response. All we can say for now is that the Team is working hard to make this the Investment opportunity every crypto enthusiast has been waiting for. Statera has the goal of putting cryptocurrency into every portfolio. We believe we have a product that increases the returns of investing in cryptocurrencies and makes it easier to diversify in this space. We have done so much in June: articles, how to videos, completed the audit, tech upgrades like one token liquidity additions, and beginning our many social communities. We have been hard at work behind the scenes but things like sponsorships, features, and media take time, content makers need days if not weeks to develop content, especially the best of the best. We are working tirelessly, we will not disappoint. We have plans for 2020-2025 and will release those in the next month. They are big and bold, you’re going to be impressed by the scale of our vision, when we say “Cryptocurrency in every portfolio” we mean it. In 2020 more specifically we are focused on more media, videos, product offerings, and exchanges.
Q3 : What is the purpose of STA token? How can we get STA? The purpose of STA is an investment in the first deflationary index fund. The whole index's value rises from these aspects: 1. The index funds (WBTC,WETH,SNX,LINK) appreciate in value 2. When the index tokens are traded, the pool receives transaction fees - 1% 3. STA burns on transactions, so it's deflationary nature increases its value as the total supply drops 4. Balancer rewards Index holders with BAL token airdrops every week You can invest via the 'Trade' links in stateraproject.com website. Easiest way is to do it using ETH. The monetary policy of our token is set in stone and constantly deflationary. This negative supply pressure is a powerful mechanism in economics and price discovery. Through the lowering of supply we can decrease your beta (volatility) and increase your alpha (gains). Our token is currently only top 40 in liquidity on Balancer, however our volume is top 10! You want to know why? Because Statera works. Statera increases arbitrage, volume, fees, BAL rewards, and liquidity. Our liquidity miners in our Balancer pool are already making some of the highest BAL rewards on the platform, one user we spoke with made 18% in June, that’s over 150% APY! Our product is working, 100% (or you could say 150%), and when people start to see that, and realize the value, the sky's the limit.
Q4 : can we as a user do STA mining? The supply of STA doesn't increase anymore, it only decreases due to the burn feature. So there is no way to mine anymore STA. Only way to acquire the tokens is via an exchange. The monetary policy of our token is set in stone and constantly deflationary. This negative supply pressure is a powerful mechanism in economics and price discovery. Through the lowering of supply we can decrease your beta (volatility) and increase your alpha (gains). Our token is currently only top 40 in liquidity on Balancer, however our volume is top 10! You want to know why? Because Statera works. Statera increases arbitrage, volume, fees, BAL rewards, and liquidity. Our liquidity miners in our Balancer pool are already making some of the highest BAL rewards on the platform, one user we spoke with made 18% in June, that’s over 150% APY! Our product is working, 100% (or you could say 150%), and when people start to see that, and realize the value, the sky's the limit.
Q5 : The ecosystem of a public chain has a lot to do with the level of engagement and participation of third-party developers. How does Statera support the developers?
Not really. Our project is focusing on investment opportunities for the cryptocurrencies. The cryptocurrency tokens that are not used and are just sitting in a wallet can work for you by being added to an index fund and appreciate in value over time. First off, what we have created is a new asset class, I’ll repeat that, a new asset class. This asset has never existed: “Deflationary Index Fund,” what does that mean for finance? What will developers do with this? It’s hard to give a finite answer. We hope there are future economic papers on our token and what it means to be a deflationary index fund. With the addition of synthetic assets and oracles you can put any asset into the DeFi space: Gold, Nikkei 225, USD, etc. STA can be combined with any assets and bring the benefits of it’s ecosystem and deflationary mechanism to that asset. STA, the token itself, also gives you access to the price action of any asset it is paired with. Put simply STA’s balancer pool(s) give you a benefit in holding them, and STA’s price will reflect it’s inclusion in Balancer Pool(s) (and possibly future financial instruments), so STA is a bet on DeFi as a whole. When we say as whole, we mean as whole: what happens if you include STA in a crypto loan, or package it with a synthetic S&P 500 token, or use it as fee payment in a DeFi platform? Being fully decentralized it is up to our community to make this happen, social engagement and community are key. We are constantly bringing community members onto our team and rewarding those that benefit the ecosystem. in addition, Statera is a fully community project now. Paul who is the current team leader was an ordinary member of the community weeks ago, due to his interest and support for the project, he started dedicating his time to the project. Quite a number of community members are also in the same position, while Statera was developed by an individual, it is being built by the entire Statera community
Community Questions (Twitter):
Q1 From: @KazimKara35 The project tells us that the acquisition and sale of data between participants is protected by code of conduct and how safe is deployed on the blockchain, but how do you handle regulations while operating on a global scale?
Statera is decentralized token, similar to other utility crypto tokens and same regulations apply to it as others. his is actually a benefit of our decentralized nature. This isn’t legal advice, however in the past regulating bodies have ruled that the more decentralized a project is, especially from launch, the less likely they are to be deemed a security (see: Ethereum). This means they can be traded more freely and be available on more platforms. We are as decentralized as you can be. The data itself is all secured through the blockchain which has been shown to be a highly secure medium. We do not store any of your data and as long as you follow best practices in blockchain security there are no added security risks of using Statera. We don’t, and literally can’t, hold anymore personal information than is made available in any blockchain transaction. and that "personal information" is more likely than not just your ethereum wallet address, no "real world" data is included in transactions
Q2 from: @Michael_NGT353 What is Mechanism you use On your Project sir? Are you Use PoS,PoW or other Mechanism Can you explain why you use it and what is Make it Different?
Our token is an ERC-20 token and it's running on the Ethereum blockchain. The Ethereum's POW mechanism is currently supporting the Statera token We run on Ethereum, so we are currently PoW. With ETH 2.0 we will hopefully be PoS this year (hopefully). We use it because ETH has over 100 million addresses and around a million daily transactions. We are currently at about 1,900 token holders, we are just touching the edge of what is possible in this market. We chose the biggest and the best network available right now to launch our product. We think the upside is huge because of this choice. Being the biggest network it is also one of the most secure, no high risk vulnerabilities have been found in Ethereum or in our code (we've had our code audited by a third party, Hacken, and you can read their audit on our Medium page), so we also have security on our side
Q3 From : @Ryaaan_Nguyen Can you list some of Statera outstanding features for everyone here to know about? What are the products that Statera is focusing on developing?
As mentioned earlier by GC, First off, what we have created is a new asset class, I’ll repeat that, a new asset class. This asset has never existed: “Deflationary Index Fund,” what does that mean for finance? What will developers do with this? It’s hard to give a finite answer. We hope there are future economic papers on our token and what it means to be a deflationary index fund. With the addition of synthetic assets and oracles you can put any asset into the DeFi space: Gold, Nikkei 225, USD, etc. STA can be combined with any assets and bring the benefits of it’s ecosystem and deflationary mechanism to that asset. STA, the token itself, also gives you access to the price action of any asset it is paired with. Put simply STA’s balancer pool(s) give you a benefit in holding them, and STA’s price will reflect it’s inclusion in Balancer Pool(s) (and possibly future financial instruments), so STA is a bet on DeFi as a whole. When we say as whole, we mean as whole: what happens if you include STA in a crypto loan, or package it with a synthetic S&P 500 token, or use it as fee payment in a DeFi platform? We touched on this a bit in the question on what makes us special compared to other exchanges. We have created a product that synergizes with Balancer Pools creating a symbiotic relationship that improves the outcomes for users (our product can also synergize with future DeFi products). By including STA in an index fund with Link, BTC, ETH, and SNX you can buy one token and access the price action of four of the leading cryptocurrencies. You can also invest directly in the index fund (balancer pool) and receive the benefits of fees and BAL tokens paid to you while also having an automatically balanced portfolio (like an index fund with dividends). Lastly, the deflationary mechanics of STA increases the chance for positive price action while decreasing beta. We want to package Statera with assets across the whole cryptocurrency space, with an emphasis on DeFi. We also want everyday people to be able to invest quickly in crypto while also feeling reassured their investment is set up to succeed. We are focused on developing a name brand that people go to first and foremost when investing in crypto: cryptocurrency in every portfolio. This is all found in a smart contract that is fully decentralized, the founders can no longer augment the contract in any way and this has been confirmed by the third party code audit. This is a feature in and of itself, some argue that Bitcoin’s true value is in it’s network effect, first mover advantage, and immutability. Statera is modeled on all three of those and has those features in spades. The community now owns our token, the power in that, giving finance and power to the people, is why we are here.
Q4 From : @futcek What do you think about the possibility of creating new use cases in DeFi space for existing real world assets by using crypto technology? What role do you see in this creation for Statera?
I think my answer above actually answers this perfectly, Statera in and of itself is a “new use case”, a “deflationary index fund” has never existed, I’ll copy and paste the other relevant part: “With the addition of synthetic assets and oracles you can put any asset into the DeFi space: Gold, Nikkei 225, USD, etc. STA can be combined with any assets and bring the benefits of it’s ecosystem and deflationary mechanism to that asset. STA, the token itself, also gives you access to the price action of any asset it is paired with. Put simply STA’s balancer pool(s) give you a benefit in holding them, and STA’s price will reflect it’s inclusion in Balancer Pool(s) (and possibly future financial instruments), so STA is a bet on DeFi as a whole. When we say as whole, we mean as whole: what happens if you include STA in a crypto loan, or package it with a synthetic S&P 500 token, or use it as fee payment in a DeFi platform? Being fully decentralized it is up to our community to make this happen, social engagement and community are key. We are constantly bringing community members onto our team and rewarding those that benefit the ecosystem.” Statera is a way to make your investment more successful, and owning Statera let's you benefit from other people using it to make their investments more successful (a self feeding cycle).
Q5 From : @Carmenzamorag Statera's deflationary system is based in that with every transaction 1% of the amount is destroyed, would this lead to lack of supply and liquidity in the long term future? How would that be fixed?
The curve of supply is asymptote, meaning that it will never reach zero. The idea is that the deflationary process will slowly decrease the supply of STA, which – combined with a fixed or increaseing demand – will result in STA appreciating in value. Evidently, as the STA token increases in value, the amounts of STA being traded will slowly decrease: The typical investor might buy 10.000 STA at the current rate, but in the future (proportional to an increase in the valueation of STA) this number will tend to decrease, hence the future investor might only buy 1000 STA. This of course results in less STA being burned. Additionally, STA is divisible to the 18th decimal, why – even if the supply was to reach 1 STA – there would be a sufficient supply. Well this would be a question for a Mathematician, and luckily we’re loaded with them (as seen above)! I’ll try to illustrate with an example. 1% of 100 million is 1 million, 1% of 10 million is 100,000. As we go down in supply the burn is less by volume. What also happens at lower supply is higher prices (supply and demand economics). So those 1 million tokens burned may be worth $20,000, but by the time overall supply is at 10 million those 100,000 tokens may also be worth $20,000 or even more. This means you transact “less”, if you want to buy 1 Ether now with Statera you need 8,900 STA which would burn 89 tokens. If Statera is worth $100 you only need 2.32 statera (.023 tokens burned). Along with this proportional and relative burn decrease, tokens are 18 decimals long, so even when we get to 1 token left (which mathematically would take decades if not centuries, but that is wholly dependent on usage), you are still left with 10 to the 18th power, or one quintillion “tokens”. So it’s going to take us a while to have supply issues :)
Nuked Phase (3rd Part)
Q) What is your VISION and Mission?
Our working mission and vision: Mission: Provide every investor with simple and effective ways to invest in cryptocurrency. Decrease volatility and increase positive price pressure in cryptocurrency investments. Lower the barrier to entry for more advanced investment tools. Be a community focused and community driven cryptocurrency, fully decentralized by every meaning of the word. Vision: We aspire to put “cryptocurrency in every portfolio”. We envision a world where finance is given back to the people and wealth building strategies withheld only for affluent individuals are given to all. We also strive to create an investment environment based on sound monetary policy and all the power that comes with a sound asset.
Q) What are the benefits of STA for its investors in long term? Does STA have Afrika as an important area for its expansion?
We have ties to Africa and see Statera as a way for anyone and everyone to invest in cryptocurrency. The small marketcap of statera makes it's price low and it's upside massive. Right now if you wanted to be exposed to the price action of four cryptocurrencies (BTC, ETH, Link, SNX) Statera is a way to gain that exposure in a way that has a huge upside, compared to the other four assets, there are risks in investing in any small cap but with those risk come outsized rewards (not investment advice and all answers are solely my opinions 😊)
Q) In the long run, why should we trust and follow STATERA? How do you raise awareness and elimination of the doubts of investors / partners / customers?.
You're really asking "How do I trust myself and other crypto investors" The project is FULLY decentralized, it is now in the hands of the community. We would venture a guess that the community wants their investment to succeed and be worth more in the future, so you are betting on people. wanting to make themselves money on their own investment. This is a pretty sure bet. The community being active and engaged is key, and we have short term and long term plans to ensure this happens
Q) No one can doubt the strength of #Statera. But can you tell us some of the challenges and difficulties you're presently facing? How can you possibly overcome them?
We're swinging outside our weightclass, we don't see litecoin or SNX, or any other crypto product as our competition. Our competition is NASDAQ, Fidelity, etc. We want to provide world class financial instruments that only the wealthy have access to in the traditional world to everyone. Providing liquidity, risk parity, being paid to provide liquidity, unique value propositions, are all things we want to bring to everyone. However we are coming up in a hectic space, everyday their is fud and defamation on the web, but that is the sandbox we chose to play in and we aren't grabbing our ball and going home. We can tell you that we will not disappoint and fighting all the fud that comes along with being a small and upstart project only fuel our fire. Building legitimacy is our largest challenge and looking at our audit, financial report, and some things you will see in the coming weeks, we hope you see we are facing those challenges head on.
Q) What is the actual uniqueness of #Statera.??? Can you guys please explain tha advantages of #Statera over other projects.??
When we launched there were no other products like ours. There are now copies, and we wish them the best, but we have the best product, hands down. Over the next couple weeks this will become apparent, if it hasn't already, also a lot of the AMA answers dug deeper into our unique value proposition, especially the benefits we provide to Balancer Pools which shows the benefits we would provide for any index fund. We are a tool to improve cryptocurrency investing
Q) Fragmentation, layering and cross-chain are three future solutions for high-performance blockchains. Where is Statera currently? What are the main reasons for taking this direction?
We operate on the Ethereum chain, as it upgrades our services and usability will upgrade. We are working on UI and more user friendly systems to onboard people into our ecosystem
Q) How STATERA plan to make room and make this project known in the world of crypto, full of technology and full of new projects very good in today's market?
We think we have a truly innovative product, which - when first understood - appeals to most investors. Whether you want a high-volatility/medium-risk token like STA or whether you are more conservative and simply just plan on adding to the Statera pool BPT (which is not nearly as volatile but still offers great returns). We plan on making Statera known to the crypto world through a marketing campaign which slowly will be unravelled in the comming days and weeks. If interested, you can check out an analysis of the different investment options in the Statera ecosystem in our first financial report: https://medium.com/@stateraproject/statera-financial-reports-b47defb58a18
Q) Hello, cryptocurrencies are very volatile and follow bitcoin ... and does this apply to Statera? or is there some other logic present in some way? is statera token different from a current token? Are you working on listings on other exchanges?
Currently uniswap is somewhat uncomfortable for fees. We are also on bamboo relay, saturn network, and mesa. Statera will be volatile like all cryptocurrency, this is a small and nascent space. But with the deflationary mechanic and balancer pool, over time, as marketcap grows it will become less volatile and more positively reactive to price.
Q) Security is one of the most essential characteristics for a project to get reputation. How can #Statera Team assure to their community that users assets and investments will stay safe from unwanted agents?
We have been third party audited by the same company that worked with VeChain to audit their code. Our code has been shown to be bulletproof. Unless Ethereum comes up with a fatal security flaw there is nothing that can happen to our contract (there is no backdoor, no way for anyone to edit or adjust the smart contract).
Q) Many investors see the project from the price of the coin. Can you give us advantages why Statera is so suitable for long-term investment? and what makes Statera different from other similar projects?
Sometimes the simplest solutions are the most effective. A question you can ask is “What if this fails”? But you can also ask, “What if this succeeds”? Cryptocurrency is filled with asymmetric risks, we think if you look into the value proposition you will find that there is a huge asymmetric risk/reward in Statera, and we will make that even clearer in our soon to be released litepaper. You are on the ground floor of a simple but highly effective solution to onboarding people into defi, cryptocurrencies, and investing. Our product reduces volatility and increases gains (decreases beta and increases alpha in investor terms), which is highly attractive in any investment. The down side is there but the upside outweighs it exponentially (asymmetric risk)
Q) What your plans in place for global expansion, are Statera focusing on only market at this time? Or focus on building and developing or getting customers and users, or partnerships? Can you explain this?
We have reached out to influencers in other countries and things are in the works. We have also translated documents and are working on having them in at least 4 languages by the end of July. We were founded globally, our team is global, and we are focused on reaching all 7 billion people.
Q) Now in the cryptofield everyday there are new projects joining in the Blockchain space. They are upgraded, Well-established and coming up with innovative technology. How Statera going to compete with them? What do you think, one day Statera will become useless And will be lost into the abyss of time for not bringing any new technology?
We are the first of our kind, no one had a deflationary index fund before us. Index funds will be the future of crypto (look at the popularity of etfs and indexes in the traditional markets). We are a tool to make your index function better and pay you more. As long as people care about crypto index funds they will care about the value STA brings to that. We have an involved and long term plan to reach dominance over a 5 year span, this is not a flash in the pan, big things coming
Q1. You say that the weight and proportions of your tokens are constant. So how have you managed to prevent market price speculation from generating hypervolability in your token price? Do you consider yourselves a kind of stablecoin? Q2. How many jurisdictions allow the use of Stratera products and services? Are they available for Latin America? @joloroeowo The balancer ensures an equal ratio of 20% amongst the five tokens included in our fund. This, however, does not imply that the tokens are stable. Rather, the Balancer protocol helps mitigating price fluctuations.
Q) How can I as a Statera participant participate in liquidity mining, and receive BAL as reward? What are the use cases of $STA token, and how are users motivated to buy and hold long term?
The easiest way is to go to stateratoken.com and click trade then BPT. You can also buy all five tokens and click on portfolio then add liquidity. Balancer is working on a simpler interface to add liquidity with one token, we are waiting on them. I think we explained the use cases above
Q) What do you plan have for global expansion, is Statera currently focused solely on the market? Or is it focused on building and developing or acquiring customer and user or partnership relationships? Can you explain it?
We are currently working on promoting the project and further develope our product, making it lucrative for more new investors to join our pool and invest in the STA token.
Q1) Statera have 2 types of tokens, so can you tell me the differences between STA and STAC ? What are their uses cases? Is possible Swap between them? Q2) Currently the only possible Swap or "exchange" possible is Uniswap, so you do have plans to list the STA token into a more Exchanges?
STAC is obsolete, we only have STA and BPT (go to our website and click on trade) stateratoken.com BPT gives you more diversification and less risk, STA gives you more volatility and more chance for big gains. Q2 we are on multiple exchanges (4), bamboo relay, saturn, and mesa we do have plans for future exchanges but the big ones have processes and hoops to jump through that can't be done so quickly
Q) What business scenarios can STATERA support now? In which industries can we see the mass adoption of STATERA technology in the near future?
Statera increases the effectiveness of your cryptocurrency investments. Specifically it makes cryptocurrency index funds function better, netting you higher returns, which we have already seen in just one month of implementation. Right now, today, you can buy our BPT token and increase the functionality of holding a crypto index fund. In the future we want every single web user to see and use our product
Q) Do you plan to migrate to other platforms like Tron, BinanceChain, EOS, etc. if it is feasible??
Migrating our current contract is not. Starting new offerings on those other chains could be possible, they aren't on our radar currently but if the community requests them we are driven by our community
Q) ETH Blockchain is a Blockchain have many token based in it, i have used ETH blockchain long time and i see it have big fee and need much time to make a transcation so Why you choose to based STA in ETH blockchain not other like Bep2 or Trc20 ?
Simply: 100 million addresses, 1 million transactions a day. The more users we have the more we will benefit our community. We hope ETH 2.0 scaling will fix the problems you mention.
Q) No one achieve anything of value on its own, please can you share about Statera present and future partnerships that will drive you to success in this highly congested crypto space?
We have a unique product that no one else has (there are people who have copied us). We can't announce our current and future partnerships yet, but they will be released soon. Our future hopes of partnerships are big and will be key to our future, know we are focused on making big partnerships, some you may not even be thinking about.
Q) According to the fact that your algorithm causes 1% of each transaction to be destroyed, I would like to know, then, how you plan to finance yourself as a project in the long term?
The project is now in the hands of the community and we are a team of passionate people volunteering to help promote and develope the Statera ecosystem. But then, how do we afford running a promo campaign? We have lots of great community members donating funds that goes to promoting the project. In other words, the community helps financing the project. And so far, we have created a fantastic community consisting of passionate and well-educated people!
Q) There are many cryptocurrency startups were established by talent teams, but they got problem in raising capital via token sales due to many factors as bear market, bankrupt etc. This leaded their potential startups fail. So how will Statera break these barriers and attract more funds from outside crypto space?
We are community focused and community ran. When you look at centralized cryptocurrencies you can see the negative of them (Tron, ADA, etc.) We believe being fully decentralized is the true power position. You the owner of statera can affect our future and must affect our future. This direct ownership means people need to mobilize and organize to push us forward, and it is in their best self interest to do so. It's a bet on our community, we're excited about that bet
Q) What business scenarios can STATERA support now? In which industries can we see the mass adoption of STATERA technology in the near future?
Statera increases the effectiveness of your cryptocurrency investments. Specifically it makes cryptocurrency index funds function better, netting you higher returns, which we have already seen in just one month of implementation. Right now, today, you can buy our BPT token and increase the functionality of holding a crypto index fund. In the future we want every single web user to see and use our product
Q) Why being a hybrid of a liquidity pool and an index fund? What are the main benefits about this?
By being a liquidity pool the exchange side of the pool (balancer also functions as an exchange) gives you added liquidity for more effortless, effective, and cheaper rebalancing. You also benefit from getting paid the fee when people use the exchange AND getting paid BAL tokens that are worth $15-20 USD. These are not benefits you get with an index fund, meanwhile the liquidity pool rebalances just like an index fund would
Q) Which specific about technology and strategy of #STA that make you believe it will be successful and what does #STA plan do to attract more users in the upcoming time?
I think the idea behind Statera is truly ingenious. We have made an index fund, which investors are highly(!) incentivised to invest in, namely because the ROI, so far, has been huge. An increase in the pool liquidity (index fund) indirectly translates into an increase in the price of STA, why we think the STA token - combined with its deflationary nature - will increase in the long run. The mechanism behind this is somewhat complex, but to better get an understanding of it, I suggest you visit our medium page and read more about the project: https://medium.com/@stateraproject
submitted by stateratoken to StateraToken [link] [comments]

The Mysterious Entity that Caused the Bitcoin Network fees to Jump 146% in May

Bitcoin price has yet again taken a dive to $8,800, recording a drop of 4%.
Meanwhile, Network Demand Score which is a metric incorporating network velocity, transaction value, fees, and miner’s rolling inventory, climbed to 6/6 following the bitcoin halving meaning the network is growing stronger which could also be a sign that “we’re in a longer-term bull market.”
Since March 12th, just before the massive sell-off, this score has remained above a 3/6 reflecting growing strength in network activity and instilling confidence in the ongoing uptrend for the bitcoin price.
3 Reasons why fees skyrocketed
One component of this indicator, bitcoin on-chain fees has been surging like crazy.
Last week, Bitcoin average transaction fee climbed to $7, last seen in February 2018. This has the miner revenues from fees rising to the levels not seen for more than 2 years. But this week, it also dropped 55% to $3.13.
The increase in transaction fees, which is increasingly becoming more important for Bitcoin network security, has been because of the unconfirmed transactions piling on in mempool.
A decline in hash rate following halving caused fewer blocks to be found and will continue until the next difficulty adjustment has been one of the reasons behind this jump in fees.
The other reason is the large fluctuations in bitcoin price which has traders sending coins between exchanges.
Ather reason is a “mysterious entity which has been consolidating outputs at the highest fee rates, driving up fees for everyone,” pointed out Serrrgej Kotliar, CEO Bitrefill.
Who is this “Crazy1o1”?
Over the weekend Kotliar shared how, for the past 14 days, this mysterious entity has consolidated a lower-bound of 720 thousand outputs, 5 MB per day, more than BitMEX.
Since May 1st, this entity named “Crazy1o1” has spent around 804k UTXOs and has paid more than 104BTC in mining fees during this time, noted Laurent.
“On some days, these fees are equivalent to 10-12% of all the fees received by miners,” he said.
Laurent along with others suspect this entity to be the cryptocurrency exchange Coinbase.
Earlier this month, it was also found that crypto derivatives exchange BitMEX is making the bitcoin network expensive for everyone and its own users are paying 6.8% of total daily transaction fees.
Prepare for the next bull market
All of this a “decent fire drill for what might happen if we see another bull market,” said Kotliar. Grubles from Blockstream said,
“ON-CHAIN FEES AND BTC PRICE MOVEMENTS CHART. YOU CAN SEE THAT BIG MOVEMENTS RESULT IN PEOPLE RUSHING TO TRANSACT (ALMOST CERTAINLY TO/FROM EXCHANGES), PUSHING FEES UP FOR OTHER NON-TRADER USERS WHO NEED UNCENSORABLE / IRREVERSIBLE TRANSACTIONS.”
The fees reached its all-time high at over $55 during the peak of the bull market in December 2017. As such in the next bull market, a 5x growth in on-chain transactions should be expected.
But given that batching, one of the many ways the network has been scaled is here, it will prevent the pressure on the network from getting worse than 2017. But exchanges will need to be prepared for this.
submitted by kealenz to btc [link] [comments]

Bitcoin Network Status Update Saturday, July 04, 2020

Status of the Bitcoin network as of Saturday, July 04, 2020 at 12:00:03 EST:

Total bitcoins: 18,422,958.544971
Height: 637,686
Difficulty: 15,784,217,546,288.150391
Statistics for the past 24 hours:
Number of blocks mined: 165
Total bitcoins output (amount sent): 813,229.170964
Total fees: 41.719854
Average time until block found: 8 minutes, 43 seconds
Estimated hashrate: 129,465,222,131.925354 gh/s
Current price: US$9,067.34
Data provided by Smartbit.com.au. Price data provided by Coinbase.com.
I am a bot. My commands | /crypto_bot | Message my creator | Source code
submitted by crypto_bot to Bitcoin [link] [comments]

Bitcoin Mining Difficulty Drops by 9%, Is Price About to Follow Bitcoin Price Volatility Expected as 10% Mining Difficulty Adjustment Bitcoin blockchain records mining difficulty record 3 Primary Bitcoin Participants Affecting Price Difficulty Adjustment May Cause the Bitcoin Price to Plunge

When the Bitcoin price rises, more miners are incentivized to join the network to take advantage of the profit margins, leading to an increase in the network's hash . Mining also serves to secure the bitcoin system against fraudulent.. increasing the difficulty by 1 bit causes an exponential increase in the time it takes to find. Bitcoin mining difficulties fell 15.95% on Thursday (26), driven by the sharp drop in cryptocurrency mining power (hashrate). The bitcoin network is designed to adjust its mining difficulty every 2,016 blocks (approximately 14 days) based on the mining power in each cycle, to ensure that the block's production time in the next period is every 10 minutes. . The Bitcoin difficulty chart provides the current Bitcoin difficulty (BTC diff) target as well as a historical data graph visualizing Bitcoin mining difficulty chart values with BTC difficulty adjustments (both increases and decreases) defaulted to today with timeline options of 1 day, 1 week, 1 month, 3 months, 6 months, 1 year, 3 years, and all time This dip occurred because of Bitcoin’s price crash, which forced a lot of miners to quit operations. How does Bitcoin calculate difficulty? Bitcoin’s network difficulty changes every 2016 blocks. The formula used by the network to calculate difficulty goes like this: difficulty = difficulty_1_target / current_target. In the formula above: Bitcoin Difficulty Increase. Difficulty on the bitcoin network is a measure of how problematic it is to find a hash below a given target. Valid blocks must have a hash below the global block difficulty target. There is also a share difficulty which applies to mining pools and their ability to find a hash that is lower than the global target.

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Bitcoin Mining Difficulty Drops by 9%, Is Price About to Follow

For context, that’s double what the hash rate was at one year ago and 1,000% higher than the hash rate at Bitcoin’s $20,000 high. Bitcoin’s network difficulty, which regulates how fast ... The difficulty is an essential mechanism that ensures miners are incentivized to participate in the Bitcoin network, and automatic adjustments function as “economic policy.”Bitcoin hash rate ... Source: BTC.comThe mining difficulty adjustment that occurred around 40 days ago caused the hash rate of the Bitcoin blockchain network to surge as it made mining BTC cheaper than before. The Bitcoin blockchain saw its mining dificulty adjust downwards on June 5. It has now become easier to mine BTC. Historical data shows that price and mining difficulty has elements of positive ... The previous record came in early March, just a week before the Coronavirus-induced crash severely disrupted both network and price activity. Bitcoin 7-day average hash rate 1-year chart.

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