follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.


Messages - VeryWellDone

Pages: 1 2 3 [4] 5 6 ... 10
46

1. App allows device authorisation for scanning QR codes on products and geo-fencing for additional security. 

2. Each scan is then securely recorded on Symbol blockchain.

3. Sustainability metrics can then be presented in real time with tracked .data

A supply chain is a network between a company and its suppliers to produce and distribute a specific product to the final buyer. This network includes different activities, people, entities, information, and resources.

Can solutions that blockchain provide help us get more awareness, or can these be solved by a simple server database?

47
It's great to see more countries embracing crypto! These government officials are now starting to realize the value of digital currencies.

Its similar to what I heard from the Lithuanian president gifting a cryptocurrency to the Estonian President. That was made possibly by NEM's seamless blockchain integration.

48
At the beginning of 2020, the developers of the NEM cryptocurrency decided to rebrand a large-scale update of the Catapult code. This is due to the project's implementation timeline for two years, as well as the decision to create a separate blockchain called Symbol.



The network is already working in test mode, today the NEM Foundation has finally approved the timing of its launch as the main mainnet and the stages of migration.

NEM will move permanently to Symbol on December 17, unless the testnet reveals major vulnerabilities or issues by August 24. The new blockchain will be fully functional on September 15th. Preparations for the migration process will begin from December 3rd to 16th, the NEM fund will take a snapshot of the network, release wallets for exchanging cryptocurrencies for new altcoins one to one.

XEM coins will be replaced with the new XYM cryptocurrency during the migration. Clients of exchanges will automatically receive a conversion of their deposit for a new altcoin. Now the process of switching to Symbol is supported by the platforms: bitFlyer, Zaif, CoinCheck and GMO.

The main features of the new network will be: support for multiple sidechains, DPoS algorithm, which allows any XYM owner to earn money in pools. Blockchain will offer users innovative security tools, higher transaction speed, and developers - templates and tools for creating DeFi-corporate networks.

Source

49


When do we hear news of presidents gifting cryptocurrency to a fellow-president? I hope he installs any ledger wallets and becomes a fanatic! :D IMO, making it easy for these businesses to use blockchain/crypto is key, some of these kiddos still have no idea about the technology too. I hope simple integrations as what NEM Symbol APIs have done with Lithuania's President can open more doors.

50
So, do you have to hold some XYM's in order to harvest?

As far as I know, your rights to earn rewards are based on how many XYM coins you are holding, but from what I read, you can delegate those rights to someone else’s node so they will earn rewards on your behalf.

51
According to people reviewing it, NEM's Symbol has an economic system that allows you to passively earn coin rewards just as if you were mining. Which they're saying is better than staking rewards given by exchanges since you don’t need to put your coins on an exchange and you are earning actual block rewards.

You’ll earn on-chain block rewards even when your computer is turned off, and the rewards are sent to you instantly, the moment they are earned.


Source -- https://symbolplatform.com/latest/delegated-harvesting-explained


Can this be a new way of earning similar to airdrops/bounties?

52


NEM is the global brand on the blockchain that focuses more on enterprise solutions since early 2017. It is set on a course to fulling its core purposes as it releases tools that are aimed at enhancing the operations of enterprises and businesses, topmost of this is the release of Symbol an enterprise-ready blockchain this year.

Symbol network is created to be the connector between businesses, developers and individuals making enormous possibilities available. The right tools and environment is an essential ingredient for the success of most businesses. NEM recent developments will see to these various essential attributes added to aid users.

Once more NEM solidifies itself as a user-centric blockchain relying solely on the power of the community which is believed to be the true spirit of the blockchain. Blockchain ecosystems that do not adopt the true decentralized governance system go against completely what the blockchain stands for. Further strengthening the community, the satisfaction of the business community expectations will be realized within the Symbol ecosystem.

Source

Is this enough for businesses, even the top ones, to finally trust and use blockchain technology?

53

Why new coins are essential for you?

Some of these new coins really do have a great use-case, but the problem is that they still have that trust factor that is very important in the crypto industry, if people don't know your team, who you are, etc. Its hard to really trust you even though you have a good mission.

However, if these new coins came from an established project, then its easier to trust them and it will most likely follow their mother-project's success. An example is what NEM has built with Symbol (XYM), since XEM is a top 30 coin, their new coin will potentially hit the top marketcaps as well.

54
Chinese tech giant Tencent has revealed its plan for creating a blockchain-based wine traceability platform in collaboration with Changyu, China’s biggest and oldest wine producer, according to local news on July 31. It is said to be a nationwide first for the country’s domestic wine industry.

According to Changyu, the platform is designed to trace every step of the wine-making and sales processes, including planting, brewing, distribution and management. It will issue a unique traceable certificate for each bottle of wine it produces.

The whole process will be recorded on the blockchain network. The firm’s bottles’ scannable QR codes would allow consumers to verify the authenticity of the wine. The QR code will also present a whole set of data like plantation information of the grape types, origins, rainfall levels, temperature information among other things.

The blockchain network will reportedly help distributors and sales outlets to catch counterfeit bottles and to identify bottles that have failed quality-control tests.

As Cointelegraph previously reported, Symbol from NEM makes blockchain solutions to solve wine tampering and counterfeiting problems to save millions for the wine industry.

Source

55
I think it will replicate the same success as NEM had, Steem holders went from having 1 token worth .15 to 2 tokens collectively worth .45 -- 3x) before and after Hive.

Interesting, I never heard of this Steem news before. Well i guess this is a good sign then.

56
Early this year - The NEM Foundation has announced the public testnet and new name for SYMBOL From NEM, the blockchain platform developed under the codename “Catapult.” SYMBOL is a full-featured solution for enterprises supported by a plugin engine that allows effortless interoperability and configuration. SYMBOL’s plugins enable digital asset creation, decentralized swaps, multi-level multi-signature accounts, advanced account systems, business logic modeling, and interaction between public and private data.

They're already being used by 4+ companies AFAIK prior to the token launch, and I'm considering to get the token (because its from NEM). Considering NEM's established brand, network, and community assets that have already paved the way for existing business collaborations, will it also exceed our expectation?

57
This is good for adoption overall, the gaming industry do see the benefits of using crypto and blockchain as a reward-system.

Same thing that NEM is doing with Symbol, having the goal of empowering users to have confidence that their in-game tokens and other assets retain their value and remain freely tradeable through trusted on-chain payment gateway and escrowed transactions to ensure person-to-person trades have low risk.

58
Because of the pandemic, everyone is almost going digital and we're more prone to cyber-crime, fraud, and possibly scams.

Blockchain technology being seen as a trusted record, a ledger that can never be cheated on, can possibly solve these issues for most of the people. This type of verification also has many other applications, such as making it trivial to verify IDs, university degrees, memberships, and authenticity of artwork or goods. Client apps have already been developed to make these kinds of verification free and easy using web browsers, mobile apps, or desktop apps.

Source - https://symbolplatform.com/latest/prioritizing-trust-in-a-new-pandemic-reality

Can blockchain technology be a solution to solve all these crimes that may happen because of the new pandemic reality?

59
This can be the future for real. I also saw a Bank in Lithuania kinda trying to do the same thing. To celebrate their Act of Independence, the Bank of Lithuania, through LBCoin, is issuing 24,000 blockchain-based digital tokens and 4,000 physical silver collector coins. That's all using NEM's Symbol blockchain. People are now starting to realize the worth of crypto   8)

60
Cryptocurrency discussions / Re: "Crypto become Universal Money"
« on: July 28, 2020, 03:36:09 PM »
It is possible that  someday all country accept Crypto Currency and it will become Universal Money?

It is possible but we got a long long way to go before we can replace fiat as a universal money. But we're starting to make progress already. Banks in US Can Now Offer Crypto Custody Services and that's a very huge win for the crypto community.

And it is the same thing for blockchain technology, wine companies are using Symbol to eliminate fraud and ensure the authenticity of fine wine. We're starting to see more of the technology come to life!

Pages: 1 2 3 [4] 5 6 ... 10
ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod