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Topics - Buenoscoin

Pages: 1 2 [3] 4 5
31
Cryptocurrency discussions / THE BIRTH OF KOVRI
« on: August 06, 2018, 06:08:27 PM »
The origins of Kovri go back to the year 2015, when the original author of the implementation is i2pd (alternative version to I2P) whose name does not specify, he passed himself off as the only collaborator of this proposal on GitHub, which generated a deep discontent between The developers and the project lost momentum. However, the shortest time, the developer, known as: Anonymous, rescued the project and started working on it, while recruiting more interested collaborators. Thus, meetings were held in which the base code of the i2pd implementation was decided and converted into what is now Kovri.

In an episode of OpenHours, said developer explains that this project contains much more than the transactions of Monero, even beyond that this platform is capable of doing, that it can be used with another Internet connection function and not with directly implemented implementations in the blockchain.

Regarding the comparison with Tor, Anonimal explained that Kovri is an excellent alternative to the well-known navigator. Although, he expresses his complacency with Tor and says that he "defends him with teeth and nails," he acknowledges that some aspects of this concern him.

With his new management, the current state of the project may be questionable: many crucial volunteers who are from the first years of the project are leaving, there are open conflicts to society known, there are rumors about the infiltration of the US government.

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32
A recent statement reveals how Ethereum's new partnership will allow its users to attach their addresses to the name of a top-level domain, allowing them to more easily remember the identifiers of their assets, digital portfolios and services.

The announcement refers to the association between the 'Ethereum Name Service' (ENS) - which allows users to replace long addresses in the Ethereum network by possible names to read - and the Mind + Machines Group (MMX), a company that operates and manages 'top-level domains' within the 'Domain Name System' (DNS), such as .com or .uk.

Once the .luxe domain is available, those interested can register their addresses with the MMX company, offering more friendly and easy-to-remember alternatives and accessing their assets in the Ethereum blockchain and DApps and smart contracts.

The MMX company also highlighted that:
The .luxe addresses will allow names to be resolved on the Internet in a normal way for email or web-based traffic, allowing users to perform traditional activities on the Internet with the same address used for their ethereum assets and services.

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33
In Japan, the Ministry of Labor has received a joint request from the Tokyo Metropolitan Government and risk companies for the Labor Standards Act to be amended. Apparently, this occurs as a result of the proliferation of digital money and salaries paid in cryptocurrencies, which would end up making unnecessary the idea of withdrawing cash from banks.

This was reported by a Nikkei report, which mentions the National Strategic Special Zone (NSSZ), a government agency that promotes the creation of centers of international economic activities and works with venture companies in Tokyo. As the main entity that requested a change in labor regulations.

Apparently, the Government of Japan raised the possibility of making salary payments through smartphones equipped with a prepaid card function and a virtual wallet. This would only happen in specific areas of the country.

This proposal would benefit foreign workers who live in Japan, whose difficulties to open a bank account in the country result in problems with their salary payments. In addition, a software company called Doreming Holding would have already proposed to the government the creation of software that would allow the payment of salaries in mobile wallets enabled on smartphones.

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34
According to reports, Motherboard received court documents related to the arrest of Joel Ortiz, a 20-year-old from Boston, accused of stealing, $ 5 million in bitcoins and other cryptocurrencies. Mr. Ortiz and his currently unidentified accomplices stole Cryptography from approximately 40 victims for a piracy technique known as "SIM jacking." It has been reported on July 12, California police arrested a college student accused of being part of a group of criminals responsible for the crime of more than $ 5 million in cryptocurrencies.

According to reports, Mr. Ortiz was arrested at the Los Angeles International Airport on his way to Europe with a Gucci purse allegedly paid for with stolen money. The 20-year-old now faces 28 charges, including 13 charges of hacking, 13 identity theft dealers and two major theft dealers.

Ortiz is currently on the street waiting for his guilty plea hearing on August 9. His bail was set at $ 1 million.

First reported instance of Crypto stolen through "SIM Jacking"

Motherboard has affirmed that the case comprises the first reported instance in which the increasingly frequent technique of "SIM jacking" has been used to steal virtual currency.

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35
Cryptocurrency discussions / COINBASE ADDS SUPPORT FOR POUNDS STERLING
« on: August 02, 2018, 06:53:15 PM »
Coinbase, a recognized exchange of cryptocurrencies, now allows deposits and reserves in pounds sterling (GBP), according to a company announcement on Wednesday. The British exchange division offers the possibility of making deposits and withdrawals available on the same day from its platform, most of the acceptable cases.

In the statement, Zeeshan Feroz, president of Coinbase U.K, commented that the system replaced the method previously, in which customers had to convert their values to euros before converting them to pounds.

The previous process had several days, an aspect that the new system improves completely. "Customers can deposit and withdraw sterling pounds and use them directly to buy and sell cryptocurrencies, not only because customers benefit from the speed that this implies, but also because they reduce costs, since they do not have to convert pounds into euros and vice versa. Add or withdraw funds, there will be no more exchange rates, "explained Feroz.

According to Feroz, both individual and institutional clients will benefit from this, adding that the new wallets "will allow investors to make almost immediate transfers, something essential for traders and funds that need to establish and withdraw from their positions quickly." In addition, he confirmed the company's intentions to enter the European Union market.

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36
Vitalik Buterin, co-founder of Ethereum, believes that the excitement surrounding cryptocurrency ETFs (Exchange Trade Funds) is being addressed, according to a statement on his official Twitter account.
With the cryptocurrency markets experiencing a slight growth in anticipation of a possible reaction from the SEC in relation to several Bitcoin ETFs, the 24-year-old pioneer believes that interest should be focused elsewhere.

"I think there is a lot of emphasis on ETFs from BTC / ETH / etcetera, and it's not easy to convince them to buy US $ 5 or US $ 100 on their own cards at corner stores." The first thing is to improve the price , but the best thing is to take the action. " 

Buterin's argument sums up a growing tension in the world of cryptocurrencies, in which the majority of the community aspires that cryptocurrencies and their tokens have to have in daily life as current currencies, while others simply see it as whose value It will increase over time.

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37
In an interview published by the Business Insider portal, one of the first investors of the Uber and Airbnb companies, as well as Bitcoin buyer in 2009, Jeffrey Wernick, said that "all the rights to invest in a percentage in cryptocurrency". He also described this type of investment as the only viable way for the middle class to have "accumulated wealth".

When asked about Bitcoin or other crypto currencies, Wernick thinks that people do not understand the concept behind them because when someone explains it to them, they do it in a wrong way because "most people explain it as a method of payment. I like something that harbors value ". Consider also that the people who make life with this business talk more about alternative ways of making money instead of the philosophy with which it was created and kept Bitcoin alive, for example, since 2009.

The cryptocurrencies, or as Jeffrey calls them, "people's money", are not to be spent at the moment or to be thinking about their short-term price. He recommended that to buy Bitcoin, not change it and wait five years since "its value will be significantly higher than the day it was purchased".

Wernick emphasized not to follow his recommendations to the letter and that if he is going to invest in this type of digital assets "you do not want to buy more than you can afford to lose" since he could be wrong. But he argues that, if Bitcoin continues to exist for the next five years, it will be the investment that generates more wealth and in this aspect criticized the operation of financial institutions because "punish the saver and benefit the debtor, but only a small portion of these".
   
Jeffrey mentioned reading studies that say that if you invest 5% -10% of the money saved now in cryptocurrency, they have low controlled risks and will pay dividends in the future, or at least you will not lose much money. He stated that it is the only way for a middle class person to accumulate wealth.

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38
BitTorrent Inc, main company after uTorrent, confirmed its acquisition by the TRON Foundation, which would confirm previous reports and officially represent its transformation to a cryptocurrency startup.

The company of shared files would have previously confirmed the interest of Sun (founder of TRON) and although there would be details filtered in the networks, there would be no official confirmation of any of the parties involved until yesterday. "With this acquisition, BitTorrent will continue to offer its high quality services to more than 100 million users around the world. We believe that joining the TRON network will improve our performance and accelerate our mission to create an internet of options, not rules, "they added.

BitTorrent will keep its current line of work intact and will operate from the TRON offices in San Francisco from now on. Both teams will merge and plan to bring the underlying technology to TRON to new levels.

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39

Although between the months of November and December 2017, the value of Bitcoin reached its historic peak, also known as ATH (All Time High), causing a revolution in the market, the subsequent months have been totally discouraging for the cryptocurrency.

It is a fact that the world of digital currencies is still a mystery for ordinary citizens or those not adept at computer science. However, we can’t deny that it has managed to awaken the interest of many people in these groups, simply by representing a way to earn money and / or being an alternative with which you can pay for goods and services without intermediaries.

To this, we add those who have already begun to investigate the issue, and have found this news that, while not representing anything of the other world in the world of the economy, could create distrust and extinguish the interest already revived.

Even if the value of the cryptocurrency remains fluctuating and there are already a significant number of people mining around the world, there are many compelling reasons why it would be worthwhile to invest in Bitcoin today. In the following article we are dedicated to explain in detail five of them.

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40
SafeWallet, a decentralized cryptocurrency wallet service, will launch a new user identification system based on QR codes to replace private keys and phrases such as passwords, according to a company announcement.
The app, operated by Chinese giant Cheetah Mobile, will use a two-band security system to guarantee users' access to its funds, according to the press release. The first stage will take users to customize and encrypt their QR codes, while the second will ask security questions and predetermined.

According to the company, this system will be much safer than usual passwords, being also easier to use. In particular, the system aims to ensure its users that they will not need to write their passwords on paper, which can easily be lost, stolen or damaged.

SafeWallet believes that the new system can also serve as protection against the risk incurred by users who send their own passwords using their mail or instant messaging platforms that may contain malwares or filter their messages.

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41
A new exchange, called Voyager, comes to the market with promises of better trading options and an attractive policy of free transactions of commissions.
According to the agency 'Fortune', the new exchange was founded by the cofounder of Uber, Óscar Salazar, and by the founder of the retail brokerage company 'Lightspeed Financial', Stephen Ehrlich, who will act as CEO.

Together with Ehrlich and Salazar, Voyager will have the collaboration of Gaspard de Dreuzy, who will act as product manager, and Philip Eytan, one of Uber's first investors and who will be part of the board of directors of the initiative.

For its part, its 'zero fee trading' approach will position Voyager at the level of other competitors such as Robinhood; They also intend to include more than 15 cryptocurrencies: Bitcoin (BTC), Ethereum (ETH) and Bitcoin Cash (BCH), to name a few.

It should be noted that the preliminary version of the platform will be available for downloads at the end of October, as well as other additional features, among which are a news / analysis section and a section specialized in the support of institutional investors.

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42
Blockchain technology continues to gain ground in other industries. Increasingly they find new uses and applications that allow improving efficiency in both operations and security. Since 2017, more than 86 thousand projects based on technology have been created and 27 thousand have already been launched.
Pfizer is one of the multinational companies that have recently joined the fever for blockchain technology by forming an alliance with Aimedis, a startup focused on health. Both companies plan to implement blockchain technology and artificial intelligence for a work test system and consequently, improve medical services and innovate in the healthcare industry.
The project will focus specifically on the intensive care units of three German hospitals. Patients who take prescribed antibiotics will share their health information in the Aimedis application and then have doctors who treat them through an advanced monitoring system, instead of being in the same room.
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43
The manufacturer Bitmain continues to make its way into the mining business and this time has announced the launch of two routers that can undermine the Litecoin cryptocurrency (LTC). The first one is the Antiminer R1-LTC, which was announced for the first time on July 4, and has a hash rate of 1.7 MH / s, a performance below the exclusive mining of other Bitmain devices, but that without a doubt is a product that aims at innovation and practicality for those who want to exploit their mining business to the maximum.

This device is not capable of operating in Antpool mining, which sometimes means that it doesn´t include support for P2P mining. This means that bitcoin mining must do it independently. In a publication of the Bitcointalk forum, the Chinese company said that this router is able to offer the hash power of other miners who then send their servers, which is known within the company as 'collaborative mining'.

In 2015, Bitmain had already launched a router that could undermine cryptocurrencies, the Bitmain R1, dedicated to bitcoin mining. However, Bitmain says that it is only possible to have LTC with them. For now, the dominance of the Chinese company continues to overwhelm everyone within the community, and more after surpassing the operating operations of the chipmaker Nvidia.

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44

Bitcoin is the first technology that allows digital files to be exchanged at any time, at a reduced cost, without borders or permissions from anyone, only with an Internet connection and a wallet of cryptocurrencies. Its technology is born of the conjunction of others: work tests with incentives, cryptography and a timestamp server, also known as block chain or "block chain".

And if any of them were eliminated, Bitcoin or the other cryptocurrencies would not be what they are: decentralized networks that allow the safe transfer of value without the possibility of censorship. Cryptography protects against invalid transactions and the chain of blocks serves as a record of evidence of transactions made. Then, the work test with incentives allows decentralizing the network and reaching a consensus on the status of its accounting, avoiding double spending, corruption and censorship.

As you can see, it doesn’t make sense to call a blockchain technology like Bitcoin, which, yes, includes a chain of blocks, but it is much more than that. It would be like calling the car wheel, antenna to the radio, screen to the television or ink to the printing press. All parts of something bigger.

We need then, a term that allows us to call the technology in a generic way, without using a specific "brand" like Bitcoin or Ethereum that contemplates its nature and doesn´t generate confusion. Until now, "crypto-active" seems a good word because it includes two key definitions of technology: cryptography, that native mathematical language of these networks that guarantees integrity and allows the verification of information; and assets, the "set of all assets and rights with monetary value that are owned by a company, institution or individual", as defined by the Royal Spanish Academy.

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45
Cryptocurrency discussions / What kinds of mining pools are there?
« on: July 23, 2018, 12:25:04 AM »

The pools can be divided into individual mining; that undermine a single cryptocurrency, or multipools; that would focus on mining a wider range of cryptocurrencies. However, even if a user opts for mining a particular cryptocurrency, he may later exchange it for his preference.

It is also worth noting that the reward obtained for each algorithm resolution would vary depending on a number of factors, such as the difficulty of the algorithm itself, the generation time of blocks, the hashrate and the exchange rate existing between a certain pair of cryptocurrencies. .

In this sense, beginning miners should always opt for a multipool, because this would give them safer rewards at lower risk and sharing the computing power with several more experienced miners.

The mining pools are based on some algorithms whose function is to certify the validity and authenticity of each transaction made in the network of a certain cryptocurrency, and that use an enormous computational capacity to be able to decipher these algorithms. Naturally, since a pool shares its mining capacity, the profits obtained must also be shared. However, this would represent a great advantage for all those who belong to the pool, because It wouldn’t be necessary a determined person to solve the mathematical equation, but simply to belong to the pool of the user who achieved it.

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