As the cryptocurrency world is experiencing rapid growth, decentralized finance (DeFi) platforms are also rising. In early 2019, there were only $275M of crypto collateral in the DeFi economy than the current $5 Billion+; this represents the massive adoption of this platform.

To be considered a DeFi, a financial platform must have one or more decentralized functions. They often use distributed ledger technology (DLT), decentralized governance by token holders, decentralized information feeds, and algorithms to determine the interest rate and currency values. DeFi gives people control over their money and exciting ways to use it.

Generally, DeFi projects aim at making trading and investment more accessible and easy to use.

What is Xfinance

Xfinance is a DeFi platform whose goal is to build an aggregated liquidity pool, automatic market-making, leveraged trading platform, and other functional platforms.

It makes use of XFI, which is an equity token. Users can acquire the XFI token by providing liquidity to the platform’s aggregate liquidity pool. Withdrawal fees in the Xfinance platform are directly used to buy back and burn XFI.

Key Features of Xfinance

Decentralization: Xfinance qualifies as a DeFi due to the decentralization functions it offers. Through the lending agreement on the Ethereum blockchain data transparency, it can offer these functions. Xfinance offers a decentralized wallet, among other features.

Liquidity mining: Miners can run open-source software on their computers and use their scarce resources through this. A collective pool of participants works towards providing liquidity for the XFI token. They are paid XFI rewards, whether lender or depositor, according to transparent, algorithmically defined rules.

Accessible to all: Xfinance is available to all people due to ease of use. Its features are simple but functional to allow even those without experience to access and use it.

How Xfinance Works

Xfinance is based on decentralized lending protocols such as Compound, Aave, dYdX, cream finance, etc.DeFi lending protocol enables all users to earn interest in supplies of cryptocurrency and stablecoins.

Xfinance works to support multiple DeFi agreements that will automatically move positions between contracts to help depositors get the highest financial income. To simply put it, investors deposit their money to the Xfinance shared pool. After Xfinance receives the funds, it collectively allocates them the most lucrative yield firms available. The returns are distributed proportionally to the users accumulating to XFI token users when they make deposits.

XFI Presale

Xfinance announced earlier that they would cooperate with LID Protocol to launch the XFI ILO presale. The presale is going to be launched on the LID presale dApp on September 10th, 2020.

Liquidity Dividends Protocol (LID) advances the development of divided bearing Proof of Locked Liquidity tokens. It hence can solve the issue of Uniswap exit scamming.

After the stipulated presale, 60% of ETH will be locked in the Uniswap liquidity permanently. Within 72 hours after the presale, 15% of ETH will buyback and burn XFI tokens, preventing any form of dump, thus reducing supply and increasing the demand.

XFI Presale Details

The total supply of all XFI tokens is currently 50,000, with the presale being 15,00XFI, which is equal to 30% of the XFI tokens available. The acceptable currency for the presale is Ethereum, with the minimum investment amount being 0.1 ETH and the maximum being 50 ETH. Each referral will earn the user 2.5% ETH. Each ETH will amount to 4.8387XFI tokens.

The presale bonuses are 10% for 0-500 ETH, 5% for 500-1000 ETH, 2.5% for 100-2000 ETH and lastly 0% for 2000-3000ETH. After the presale, tokens will be unlocked by 2.5% per hour and locked fully after 25 hours.

On reaching a soft cap(1000ETH), but getting the opposite for a hard cap(3000ETH), unsold XFI tokens will be distributed to the presale investors. Accordingly, the initial liquidity and price of Uniswap will change.

XFI Token distribution

29% of the team’s tokens are locked for ten months, with 10% unlocking each month. The ecosystem tokens at 21% will be locked in and used as liquidity mining reward token after launching of XFI staking functions. 5% of the tokens will be used for developments, airdrop, and listing marketing.

Benefits of Xfinance

Xfinance is loaded with advantages that every interested crypto user should look into. The Xfinance token XFI is expected to have more token functionality than YFI hence making it more valuable. These are some of its benefits:

It supports more cryptocurrencies than most DeFi

They allow the use of more profitable pools, which makes it a bit risky on the centrally.

Xfinance dynamically switches lending platforms for the highest yields.

It has unique liquidity mining rewards awarded to both lenders and borrowers.

Xfinance Mobile App

The Xfinance app will allow anyone with a smartphone and good internet connection to participate in the global DeFi market. The app is expected to improve interoperability between decentralized wallets and DeFi. It will also function to be beginner-friendly.

The app offers intuitive yield data curve features, a secure decentralized wallet, unlimited scalability, and an efficient DeFi aggregator.

Author’s Note

As a DeFi, Xfinance is expected to increase its features, achieve its initial goal, and offer its users service. Xfinance hopes to launch its staking dApp, yield aggregator. It also wants to launch Uniswap LP token staking rewards.

Xfinance is expected to perform better than YFI as its tokens have more functionality. It is also expected to have a wider range of cryptocurrencies. Similar to Yearn.Finance, it might hit new price records due to added features and easier usability.

Generally, DeFi could be the next big thing as many crypto analysts previously reported. DeFi protocols offer a digitalized way to build financial products with worldwide distribution. Notable investors engage in DeFi to see its continued success such as Coinfund, 3Arrows, Pantera, and Multicoin Capital. Nonetheless, it is best to do research before engaging in DeFi. Many projects are still speculative, equipped with smart contracts, collateralization and volatility risks. Higher returns mean higher risk levels in DeFi.

Source: Crypto Adventure

The Bitcoin network is a massive consumer of electricity, leaving a substantial carbon footprint. Research estimates that the electricity used on the network produces annual carbon emissions of about 32 MtCO2. This means the Bitcoin network emits the same amount of carbon dioxide as Denmark.

Moreover, new studies show that the network generates as much e-waste as the country of Luxembourg. Unfortunately, the continuous growth of the Bitcoin network will intensify its environmental impact.

Although not all blockchains consume as much energy as Bitcoin’s, the industry needs to make great efforts to be more environmentally conscious. That is why projects like CRI are so crucial in the crypto space. This guide article will look into this new company and how carbon credits work.

What Is CRI?

Carbon Reduction Initiative (CRI) has created the world’s first carbon credit generating blockchain. The company is inherently about offsetting the carbon footprint of cryptocurrencies like Bitcoin and having a significantly beneficial environmental impact.

The initiative achieves this by implementing a low energy decentralized masternode blockchain. The blockchain used is carbon neutral and will be the world’s first decentralized network to produce carbon credits.

Furthermore, these credits will be created using a proprietary cryptocurrency carbon credit methodology certified by Verra (Verified Carbon Standard), the world leader in the voluntary GHG program.

Moreover, it will be the first blockchain that can generate carbon offsets to counter the carbon footprint of Bitcoin directly. CRI is looking forward to pioneering this methodology so that other cryptocurrencies can also achieve zero net carbon emissions.

The network will have a native masternode currency called the Carbon Reduction Initiative Coin (CARI). CARI, a currency based on PIVX, will be used on the carbon-neutral platform for transaction purposes. CRI is working within the existing system in hopes of being a model for eco-friendly digital transactions. It aims to pioneer the groundbreaking use of low energy, carbon credit producing blockchains in the industry.

What Are Carbon Credits?

Carbon credits are tradable certificates or permits representing the saving of a certain amount of carbon dioxide or other greenhouse gases (GHG), normally a tonne. A permit can then be traded to another company and allows it to emit a mass equal to one tonne of carbon dioxide and still meet its carbon cap. Carbon credits are market mechanisms set by the government or regulatory authorities to mitigate GHG emissions. The regulatory authorities set caps on GHG emissions that companies have to adhere to, but some can’t perform the immediate reduction of emissions.

Therefore, to avoid being fined for exceeding the emissions cap, these companies buy more carbon credits from others. The sellers usually have achieved carbon offset and are under the set cap.

This buying and selling of carbon credits have led to the emergence of carbon trading.

The goal is to reduce the emission of GHG by providing economic incentives.

Types of Carbon Credits

There are two main types of carbon credits:

Voluntary Emission Reduction (VER): a type of carbon offset exchanged for carbon credits in the over-the-counter market or voluntary market

Certified Emission Reduction (CER): a type of emission unit created through a regulatory framework to offset a project emission

Whereas CERs are regulated through a third-party certifying body, VERs aren’t regulated.

Trading Carbon Credits

There are varied sales points for carbon credits, but they all fall under private or public markets and are open to international trade. There are currently five exchanges specializing in carbon trading: European Climate Exchange, European Energy Exchange, NASDAQ OMX Commodities Europe Exchange, PowerNext, and Commodities Exchange Bratislava. The carbon credit prices get driven by supply and demand. However, CERs are the only viable products that get used as investments by a trader. The certification of CRI’s carbon credit, therefore, makes them a smart investment.

CRI Projected Impact

The company is committed to introducing zero carbon, eco-friendly blockchain, and subsequent transactions to the industry. This move is a big step to counter the carbon footprint of Bitcoin and other Proof-of-Work cryptocurrencies. The adoption of carbon credit generating blockchains will allocate significant revenue for investors on the platform.

Furthermore, the industry will have an injection of cryptocurrencies with low carbon intensity but are secure, decentralized, and trustless. The eco-friendly aspect of these cryptocurrencies will attract a new niche of environmentally conscious investors and users.

Bottomline

CRI has further plans to certify its carbon credit through a world-renowned carbon credit issuing body. This plan will further secure the legitimacy of the project and give the carbon credits a step up. The company is ready for other cryptocurrencies to adopt its methodology and is confident in having a first-mover advantage.

With the world’s first carbon credit generating blockchain, CRI has managed to grab a potentially rewarding project. The company still has a significant amount of progress and development to make, but its unique idea will gain investors in no time.

JustLiquidity is a next-generation liquidity protocol and token launch platform that seeks to revolutionize the sector in some remarkable ways. The platform features a unique design that integrates seamlessly within the UniSwap and JustSwap ecosystems. In this way, JustLiquidity rewards liquidity providers with ETH and JUL tokens for their participation.

The goal of JustLiquidity is to provide token holders with liquidity, reward liquidity providers, and increase the JUL token price gradually. To that extent, the platform works perfectly. Users gain instant liquidity via this decentralized protocol. Remarkably, JustLiquidity automatically adjusts its token supply based on available liquidity in the market.

What Problems Does JustLiquidity Solve?

JustLiquidity is a new form of DeFi platform that aims to solve one of the oldest problems facing the cryptomarket, a lack of liquidity. Currently, new DeFi projects must scrounge for liquidity during their launch. Sadly, this lack of liquidity leaves both companies and investors at the mercy of the market.

For example, in a traditional ICO or IEO, the project’s development team has full control over the amount and timing of token issuances. This allows the developers to issue a token whenever they please. In turn, investors are left open to losses.

Additionally, most ICO launch platforms are unable to provide firms with time-locked team and company tokens. This scenario can lead to a flooding of tokens into the market. This influx of tokens causes prices to drop. Buyers are left incurring these losses directly because there is no liquidity for them to exchange their project’s tokens against. In the end, the entire market suffers.

Major investors are keen to avoid these issues. Therefore they only stick to projects that offer instant liquidity. Until now, this meant only the largest and best-funded projects. Now, any startup can provide their investors with this security and peace of mind.

JustLiquidity Changes Everything

JustLiquidity removes these concerns from the market through the integration of a variety of proprietary protocols. These benefits make JustLiquidity a smart option for anyone seeking a more secure token launch or investment strategy. Here are just a few of the benefits this platform introduces to the market:

Benefits to Liquidity Token Sale

JustLiquidity provides unmatched flexibility and security to companies seeking a token launch strategy that works. Unlike the competition, all projects on the JustLiquidity platform start from day one with instant liquidity for all token buyers. Additionally, the platform introduces features such as time-locked company and team tokens based on the total locked liquidity available.

Advantages to Liquidity Providers

Few platforms in the blockchain sector provide users with benefits equal to JustLiquidity. For example, users earn 0.2% interest daily and up to 72% interest yearly on all ETH liquidity deposits. This interest gets paid to users daily. In this way, JustLiquidity offers market participants additional access to a passive revenue stream. Best of all, you can add and remove your ETH as you deem fit. Crucially, there are never any early withdrawal penalties.

How Does JustLiquidity Work?

JustLiquidity is easy to set up and even easier to use. The first step to participate in this revolutionary protocol is to deposit Ethereum into a JustLiquidity contract. From here, all ETH and the Project Tokens get deposited into the UniSwap Liquidity Pool. Critically, as users withdraw ETH from the contract, the project tokens get removed from the Pool. This strategy ensures that your project token will never be available without liquidity.

Automation

JustLiquidity leverages advanced protocols to guarantee that the liquidity balance stays above that of token issuance. Every time a JustLiquidity contract user adds more ETH as liquidity, the system automatically releases more project tokens into the liquidity Pool. This process continues until the provided project token amount is fully integrated into the Pool.

The process is simple, the more liquidity you provide, and the more tokens release into the liquidity pool. Reversely, the liquidity pool can also reduce the circulating supply of tokens when users remove liquidity from the platform. This strategy is done on the backend with users only noticing the end results. In this way, the platform streamlines the entire process.

JUL Tokens

The native utility token of the JustLiquidity platform is the JUL token. This unique financial instrument features an adjustable total supply structure. The total amount of JUL tokens in circulation increases when more liquidity enters the platform and decreases when liquidity is removed from the Pool. This process occurs in near-real time and in a seamless manner.

JustLiquidity utilizes advanced protocols to help maintain a gradual appreciation of JUL’s market value. The instant liquidity afforded these investors increases confidence in the token. Consequently, JUL token holders can expect a very steady and predictable ROI. Notably, users can also trade JUL on Uniswap.

JUL Token Technical Aspects

The JUL token is an ERC-20 compatible token that lives on the Ethereum blockchain. As such, it enjoys all the advantages and interoperability afforded these tokens. Currently, there are over 180,000 ERC-20 tokens in the market. As such, these tokens have access to the most wallets, platforms, and features of any other token class. In total, there will be an estimated supply of 1,000,000 JUL.

JUL Token Sale

JustLiquidity offered steeply discounted rates to early-bird investors. The platform issueed only 50,000 JUL (5% of total) during its crowdsale, which concluded on September 4th after only 6 hours and 45 minutes. This strategy allows the platform to start with $800,000-$1,000,000 worth of liquidity. Directly following the launch of the platform, developers intend to release another 30,000- 50,000 JUL Tokens as a buy option on Uniswap. These funds will go towards further expansion of the JustLiquidity ecosystem and functionalities.

Crucially, JustLiquidity will set aside the remaining funds to go towards regular audits of its holdings and smart contract protocols. Additionally, the company intends to launch a massive marketing campaign across all forms of media. Specifically, the firm will form partnerships with influencers and major information platforms in the market.

Community Governance

JUL incorporates a decentralized voting structure to help determine what new features and upgrades to add. For example, to add a new JUL trading pair, developers would vote across the JUL community. If the new trading pair gets the necessary votes required, it’s added to the platform. Notably, the new trading pair enters the market based on the actual price ratio from JUL. This strategy helps the platform reduce price and liquidity changes.

Token Release Votes

Interestingly, the JustLiquidity community may also choose to authorize a token issuance via a vote. The process begins with a vote for 15% reserve tokens to be released into the Liquidity Contract. Notably, voting only enables when there are 4.5% tokens from the total supply left in the JustLiquidity Contract.

The voting process lasts for seven days in total and includes the entire JUL network. Every JUL token holder gets a single vote per token. The system automatically initiates a JUL/ETH liquidity contract as soon as 70% of the votes agree on the addition. In this way, JUL keeps in line with the overall openness of the DeFi sector.

How to Start JustLiquidity?

Signing up for JustLiquidity takes only a few minutes. The first step is to go to the platform and install your crypto wallet. It’s recommended that you use MetaMask because it resides directly on your browser and is simple to use. Once your wallet is up, you can select your trading pair. From here, you deposit your ETH liquidity in a smart contract. In the next 24-hours, you will start to receive your rewards in the form of ETH and JUL.

JustLiquidity – DeFi at its Finest

It only takes a quick glimpse at the JustLiquidity project to see that DeFi developers have begun to push the envelope of possibilities to new heights. This platform provides a much-needed service to the market and allows users to earn a passive income. You can expect JustLiquidity to continue to make headlines as it expands into more digital assets in the coming months.

Source: Crypto Adventure

https://justliquidity.org/

Blockchain technology is set to transform almost every aspect of our modern lives. Indeed, the effects of blockchain technology have already been seen in several sectors, notably the finance and trade sectors. Despite education being a key driver of development worldwide, there really hasn't been a blockchain project built within the realms of education. Better yet, education offers a sort of fertile ground for crypto adoption as millennials are the biggest crypto users. Nonetheless, Student Coin (STC) is set to change this narrative by creating a multi-university blockchain network that will link learning institutions across the globe, enabling them to interact free of charge.

Student Coin (STC) will link universities, student organizations, and entrepreneurs to help students understand blockchain technology, cryptocurrency, decentralized finance, and investments in the crypto space. Already implemented in over 500 universities across the globe, here is an in-depth look at the project.

About StudentCoin

Universities being a place of innovation and scientific/technological research need to be connected to transfer value. Student Coin was created with students in mind. The platform looks to tokenize the current education system via a valuable crypto coin enabling universities across the globe to interact and share value.

STC also looks to spur crypto adoption by educating students on cryptocurrencies and the blockchain technology as a whole. There is so much crypto potential in the education sector, which is yet to be harnessed. STC deems education as one of the fastest-growing sectors globally and requires the integration of blockchain technology to offer better value.

The project seeks to build a multi-university blockchain ecosystem that would link universities worldwide. Universities will utilize the Student Coin, specifically the STC Terminal to create Student Coin-based University tokens which will tokenize education. The university-specific token will attract utility and comes with immense use cases including voting, identity validation in exams and as a means of payment for tuition and library fees.

STC is developed by students for students. The project is currently being fronted by students, faculty members, and entrepreneurs from over fifteen universities, including Harvard University, Stanford University, London School of Economics, University of Oxford, and the University of Warsaw, among others. STC is fully supported by academic faculties as well as business persons.

Technology

Student Coin employs a hybrid blockchain approach. It's built on two blockchains: Waves and Ethereum. The Ethereum blockchain functions to support trading in exchanges for investors, while the Waves blockchain offers students the capability to create tokens specific to their university. To achieve this customization, university student organizations will access an open-source tool referred to as STC Terminal.

This tool enables students to create and manage their tokens as per their university seamlessly. For instance, Harvard University students can use the STC Terminal to create their tokens as Harvard Student Token. A university-specific token will be stored in the Student App and can be with another university token or STC on the STC Exchange. Students can also trade STC with other cryptocurrencies such as BTC, Waves, USDT, BCH, LTC, and WEST, among others.

Student Coin leverages Delegated Proof of Stake consensus (DPoS). It, therefore, cannot be mined. Instead, the token is distributed via airdrops and through a presale currently ongoing on the website. The presale will make possible the implementation of all phase 4 plans. You can read the entire development plan in the whitepaper.

Education vs. Token

The Student Coin ecosystem is widely categorized into two major sectors, i.e., the education sector and tokenization sector.

Education Sector

The education arm of the Student Coin ecosystem is concerned with teaching students everything on cryptocurrency and blockchain thanks to the Educational Section available in beta version on the website. Everybody is able to gain tokens for completing single parts of it. Students learn several aspects of blockchain technology, including tokenization, decentralized finance, and emerging technologies in the vast blockchain space. Also, the education sector seeks to develop an inter-university blockchain community to create blockchain awareness and also partner with student bodies in leading universities.

Tokenization Sector

The tokenization sector is tasked with tokenizing universities by providing blockchain technology to universities. The technology will be used to create custom tokens, harbor data relating to students, and develop a global academic network based on Student Coin. The global Student Coin based multi-university ecosystem will be built using the below STC tools.

STC Terminal - A software used by student organizations, schools, and universities to develop and manage their custom-made tokens.

STC Exchange - A publicly available crypto exchange where custom-made university tokens can be traded with Student Coin (STC). STC exchange can also support fundraising by university startups, i.e., Student Coin Offerings (SCO), and also allows STC users to analyze its market performance.

Student App – The Student App is a global mobile app for iOS and Android platforms. The app is an international Student Waller to enable students to store, trade, or use tokens created in the STC terminal for utilities at university facilities or online.

Student Coin Use Cases

Though still at the initial stages, STC has a wide range of use cases, and some will be added over time. However, the main use case is to tokenize universities via the STC Terminal and integrate blockchain to higher education. Other use cases include:

Utility Token

STC is a utility token that allows students to access essential services in schools. This is possible via the Student App, which is also a global student wallet. Student Coin can be used to pay for online lectures and webinars, pay for tuition fees, and pay for essential utilities and basic university life expenses.

Voting

STC ecosystem can support voting in that students can conduct internal elections directly on the platform. Student Coin can make student body elections efficient, faster, and transparent. Also, students can employ the project in signing petitions or voting in the project's development plan. Student Coin enables us to verify identity thanks to blockchain technology.

Fundraisings

Student Coin enables students to perform fundraising for university-based startups or student organizations projects. Fundraisings can easily be conducted on the STC Exchange using Student Coin Offerings (SCO). The project brings into play a hassle-free and credible way of conducting fundraisers enabling students to fund charity projects within the school effortlessly.

Closing Word

Student Coin is a new frontier in regards to blockchain technology in the education sector. The project looks to implement blockchain technology in the education sector to tokenize higher education and create a global inter-university blockchain network. By tokenizing education, the project will revolutionize the largely traditional education format and enhance the quality of learning since students will acquire new skills through interaction via the STC multi-university blockchain ecosystem. Additionally, the project will create awareness on the blockchain technology to spur mainstream crypto adoption. In the future, Student Coin will make universities better suited to carry out innovations and conduct research for the betterment of the world.

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When Bitcoin entered the market in 2009, it changed everything. For the first time in history, there was a reliable, secure, and instant peer-to-peer digital cash system available to the public. This invention ushered in the digitization of the economy.

In its early days, Bitcoin found use among the cypherpunk community and the dark web. Both of these communities embraced the technology for its ability to transfer value, directly, globally, and within minutes. Back in those days, Bitcoin wasn't any less private than today. However, there weren't any platforms readily available to assist people in deciphering the nuances of blockchain transactions.

Privacy on Center Stage

As Bitcoin's network expanded, so did its market value. Developers, users, and regulators began to focus more on privacy, or how to remove it, from the equation. Basically, users wanted more privacy, whereas, regulators wanted to know who owned all this digital money.

Blockchain Forensics

Today, there are a variety of firms available to the public and law enforcement that can trace the origins and destination of blockchain transactions. These companies showed the world that Bitcoin is not anonymous.

In fact, it’s anything but private. Every transaction that occurs is broadcast across the public ledger. These broadcasts are like breadcrumbs that lead to the transaction’s sender and recipient.

The Community Steps In

Since the earliest days of Bitcoin, programmers realized that their privacy was non-existent on the blockchain. This epiphany led developers to figure out new protocols to anonymize their cryptocurrencies. Coin mixers are the result of those efforts.

CoinMixers

Coin mixers utilize a combination of tactics to make it nearly impossible to determine Bitcoin transaction details with any certainty. Depending on the platform, the particulars of the mixing process can vary. One of the most advanced platforms in operation today is Mixertumbler. This platform integrates next-generation anonymity protocols to keep your privacy safe. Here's how it works.

It Starts with the Foundation

Mixertumbler is built from the ground up with privacy in mind. The firm never retains any customer information. Even the support tickets erase after the problem resolves. This approach is necessary when you consider the amount of funding going into blockchain forensics at the moment. Some reports place this amount at over $80 million in this year alone.

The technical aspects of Mixertumbler are intricate but simple to explain. Basically, everyone's Bitcoin goes into a large pool where it mixes together. Notably, these coins come from around the world and from different transaction times.

Get in the Mix

The strategy makes sense. It’s impossible to track transactions when you don't know the amount, sender, receiver, or even when it was sent. The combination of these techniques and Mixertumbler's unique business practices are what it takes to remain anonymous nowadays.

How Much Does it Cost to Mix My Bitcoin?

Every platform charges a different rate for its mixing services. On average you will pay between 3%-5%. Some platforms, such as Mixertumbler offer fees as low as 1%. However, it’s critical to mention that your fee will also depend on the total amount of Bitcoin you intend to mix.

Do I Need to Mix My Bitcoin?

While everyone's investment strategy differs, most experts agree that mixing your Bitcoin is a smart idea. Primarily, you don’t want a hacker to associate you with a particular account. If they do, they can then just sit back and watch your account as you stack sats and plan their heist. Discretion is the best tool to keep your cryptocurrency safe.

Things to Check When Choosing a Mixer

Not all coin mixers are the same. You need to stick to reputable platforms to avoid losing your crypto. Open source platforms are more secure than private ones. Additionally, more popular mixers have access to more “fresh” Bitcoin. This access ensures that you don't end up with any of your old coins.

Coin Mixers – They're Here to Stay

When you look at the history of privacy within the cryptocurrency sector, it’s impossible to imagine a scenario in which this community gives up their ability to remain anonymous when they desire. For this fact alone, coin mixers will always play a vital role in the market. For now, platforms like Mixertumbler continue to provide users with options.

KYC (Know Your Customer) guidelines are a prominent feature in financial systems. KYC is part of the wider Anti-Money Laundering (AML) policies that reduce the risks in financial transactions. KYC refers to the process of verifying the identities of the individuals using a service, and in most countries, it involves providing some identification documents.

Following the numerous risks in the crypto world, many exchanges nowadays require KYC checks. The procedures are especially standard in centralized exchanges. KYC procedures help reduce the cases of illegal activities in crypto exchanges, which have been rampant in recent years. However, they also interfere with anonymity in crypto exchanges, which is crucial for many investors.

Investors who would rather not give their personal information to trading platforms may have a harder time finding an exchange that accommodates them. Luckily, several crypto trading platforms allow people to trade without KYC verifications. Here are the top 5 exchanges that you should be on the lookout for if you’d rather remain anonymous when crypto trading.

Block DX

Block DX is a decentralized exchange (DEX) powered by Blocknet Protocol. The Blocknet, which is a blockchain interoperability protocol, allows private and public blockchains to communicate, interact, and for users to exchange crypto across the platforms. Additionally, the protocol allows the connection to external off-chain APIs and services.

Unlike other decentralized exchanges, Block DX decentralizes all components of the platform. Although it mimics a centralized exchange experience, users can transact directly from their wallets without an intermediary. Some of the features that make Block DX stand out include no accounts, greater flexibility thanks to no withdrawal and trade limits, and trading pair freedom. To take an existing order, users only need a small amount of BLOCK, the platform’s native token. However, creating an order doesn’t require any BLOCK tokens.

ByBit

ByBit is a Singaporean exchange founded in 2018. Crypto enthusiasts believe the platform could grow exponentially with the introduction of KYC procedures, but the derivatives futures exchange platform is yet to put these measures in place.

ByBit offers a variety of features, especially for traders who would love to venture into margins trading. The BTC-USD perpetual swap is the most popular product, and users can also trade XRP, ETH, and EOS. Besides, the platform provides a variety of crypto margin trading guides that contain useful tips and tricks for swapping crypto derivatives.

Users from most parts of the globe can use ByBit without KYC verification. The platform provides a neat user interface that is available 24/7 and in different languages. The platform also offers an iOS and Android mobile app for easier access to the exchange. However, it is worth pointing out that ByBit bars US users from trading on the platform.

Changelly

If you need to swap your cryptocurrencies for some other without KYC verification, Changelly should be your go-to exchange. The platform has been around since 2013 and currently supports more than 150 cryptocurrencies. If you would like to exchange for BTC, you would need supporting cryptos such as ethereum and Dash. Despite it being a centralized platform, you don’t require ID verification registration to use the swapping services.

One of the best features of Changelly is the vast array of payment services acceptable on the platform. In addition to crypto deposits, traders can use bank transfers, credit card payments, and even Apple Pay to make deposits. Besides, Changelly features a trading algorithm that finds the best trading prices by scanning other platforms.

The only instance where you would need to complete KYC verification is if suspicious activity is detected. If you require additional security when swapping your coins, a VPN would be an excellent choice.

IDEX

Ethereum holders will particularly love this decentralized cryptocurrency exchange. IDEX is specially designed for trading ethereum and ethereum-based tokens (ERC-20). By combining the security of blockchain technology with the speed of centralized platforms, IDEX provides one of the best exchanges for ethereum users who would like to transact anonymously.

Traders on IDEX are identified using their wallet addresses. Therefore, there’s no need for further verifications. To get started on the platform, users only need to unlock their Ethereum wallets, deposit tokens on the exchange, and start trading. Following a rebranding of the parent company, IDEX swapped its native token from AURA to IDEX in a 1:1 conversion. Users who previously held AURA tokens swap them at their leisure, with no deadline in place. IDEX coin holders receive a percentage of the fees generated from the transactions on the platform.

Binance

Some of the crypto exchanges feature partial KYC verification, and the world’s largest exchange is one of them. The Hong Kong-based exchange boasts of more than 10 million active users and supports over 150 cryptocurrencies.

To open an account on Binance, you only need an email address. You can also deposit, withdraw, and trade up to 2 BTC per day without requiring KYC verification. Spot trading on Binance doesn’t also need verification. However, users who transact large volumes of BTC will need to complete the KYC procedures so that they can transact on the platform. Additionally, US traders must use Binance US, which features KYC verification during registration.

To deposit funds on Binance, users can either use bank transfers, credit cards, or crypto deposits. The platform’s native token is Binance Coin (BNB). Holders of the coin enjoy a discounted rate when trading any of the over 500 trading pairs available.

Parting Shot

Undoubtedly, KYC verification on cryptocurrency exchanges helps to keep the platforms safe from users who would be engaging in malicious activities. However, these procedures strip the crypto world of anonymity, which was one of the significant features that drew people into the world of digital currencies.

Despite the security offered, KYC procedures could also pose a potential threat to investors in case of data breaches. Therefore, it is no surprise that many crypto enthusiasts love to maintain their privacy when transacting on public ledgers. Sure, there are other options, such as bitcoin mixers. However, a good exchange without KYC verification is enough for most investors. So, why don’t you check out our list above and find one that works for you? Keep in mind that there are several other options available, and you only need to do your research to find a platform that works for you!

Source: Hackernoon

The Age of Anonymous Exchange

Nowadays the laws of lots of countries enforces crypto exchanges to comply with Know Your Customer (KYC) rules and hence abandoned the anonymity of crypto transactions. Under such circumstances, the popularity of anonymous crypto exchanges rises and more crypto-enthusiasts are looking for alternatives to the existent exchanges caring about personal data security.

Introducing Godex – Where Anonymity is Everything

Since the number of cryptocurrency users and its total capitalization is constantly growing and is predicted to grow in the future, there is no reason to count on weakening the attention of attackers to it. Each year, hackers steal millions of Bitcoins for hundreds of millions and billions of dollars. Using various methods of Bitcoin analysis, they gain access to the digital money of ordinary users.

Holders of any wallets are at risk of losing their crypto funds due to Bitcoin’s traceability. Your coins will not be safe until your transactions using them cannot be traced.

To avoid falling victim to cryptocurrency theft, you need to buy Bitcoin anonymously. For this purpose, various private crypto exchanges have been developed. GODEX is a cryptocurrency exchange built to take forward the principles of the blockchain community – Privacy and Anonymity.

In their own words “(GODEX) is a Non-custodial exchange … (we) don’t provide wallet addresses for users. Instead, users use their own personal wallets or those provided by custodial exchanges. This means the exchange itself doesn’t store any cryptocurrency, which makes it a much less appealing target for potential hackers.”

GODEX does not ask for your ID, KYC, or any other personal details. At its core, GODEX just uses a form of Atomic Swap that allows the seamless transfer of one cryptocurrency to another.

Godex.io, a fast and safe online service, helps to change one coin to another on the best rate and with no exchange limit.

The NO KYC Exchange

The GODEX Exchange is a crypto-swap platform that allows users to exchange one cryptocurrency with another, without the hassles of a traditional custodial exchange. GODEX provides a simple and seamlessly efficient exchange platform. It offers the luxury of being a single click platform for transferring digital assets across several blockchain platforms. GODEX is a game-changing exchange because it can allow the exchange of over 200+ cryptocurrencies without any form of registration. Any cryptocurrency from the list can be exchanged instantly, to any other cryptocurrency.

The key element that sets GODEX entirely apart from the usual cryptocurrency exchange crowd is its insistence on anonymity and privacy. Both Anonymity and Privacy, are two of the key principles of the Blockchain market. To ensure the principles are held up, GODEX has promised not to store any data of its users. Unlike other mainstream exchanges, GODEX does not ask for any KYC documents or AML requirements. Users can step on to the platform, exchange, and leave. Customers, who have used the platform regularly comment on the versatility and ease of the platform, and how it reduces the redundancies that they are used to facing.

As Easy as 1 – 2 – 3

Exchanging on the GODEX exchange is an incredibly simple task. By following just 4 steps, users can get the crypto of their choice into their personal wallets at the best price on the market.

Choose the Currency: Hop on to Godex.io and choose the currency you have and the currency you want to exchange. Make sure you check the exchange rate and other details.

Enter Destination Wallet Address: After choosing the exchange pair, you will be led to a page where you have to enter your destination address. Please double-check and ensure that the address is exact.

Deposit Currency to Exchange: After the second step, a wallet address will pop up. Now you have to deposit the crypto you have into that address. In the backend, GODEX will search its order book to find and match with the best price available.

Receive the Amount: After depositing the amount and receiving the confirmation, the GODEX smart contract will execute and initiate the transfer to the destination address.

Conclusion

With a rigid market strategy, incredible team, and amazing development capabilities, the GODEX exchange poses itself as a forerunner in the upcoming adoption phase of cryptocurrencies and blockchain. The team behind the platform is constantly interacting with the users to make the platform as easy to use as possible. GODEX fills a much-needed gap in a market where data collection is so highly prevalent.

For users’ adamant on privacy, anonymity, and simplicity, GODEX seems like the obvious choice. With a minimal UI, efficient user experience, and industry-standard pricing mechanism, GODEX has positioned itself to be the first choice for all privacy centered users.

Useful Links:

GODEX | Step by Step Guide | Pros of Anonymity

The film industry is an ever-growing sector since the early days providing viewers globally with entertainment. It generates over 100 billion dollars annually with constant productions of movies and other motion pictures.

Film financing is a broad aspect induced before the pre-production to evaluate the possible value of a proposed film project. The process requires input from banks, investors, taxation, and more, putting into consideration the risks that may arise in making films for a sustainable endgame.

The financing further puts into account payments of everything featuring in a film, including the cast, production teams, materials, locations, effects, promotions, and more. In the end, a successful movie should account for the negative costs to attain a considerable profit after release.

Film Financing Process

Film financing depends much on pre-sales, especially for independent films. The producer of the film puts out a package, which contains a script of the film, the director, and the expected cast. They then introduce a sales agent into the mix to advertise the film globally. This step may vary from a country-to-country approach or in other cases, worldwide integrating a single distributor.

The producer will involve banks and investors for a loan to fund the production secured under contracts. Like in every other investment, banks and investors will demand a guarantee that the film will reach completion and delivery. In turn, the producer has to meet the payments owed.

However, one problem with film financing is funds circulate internally among the investors and the production team. The whole process leaves out fans and other potential funders. Here is where tokenization comes in to ensure fans can invest together with the producers in the financing and production process. LCX is on the frontline actively utilizing its STO Launchpad in projects that will dissolve these barriers to tokenize the Hollywood scene and other digital asset spaces.

LCX STO Launchpad

Security token offering (STO) is gaining popularity as a more legitimate option for fundraising as an alternative to ICOs. Tokenization liquidates real-time assets into decentralized security tokens while offering more liquidity into the said assets. STOs facilitate a gateway for more crypto investments by people worldwide. Moreover, their regulated nature

LCX is vigilant in implementing the same with its STO Launchpad, focusing on tokenizing everything. LCX’s STO Launchpad increases the speed of attaining security tokens and further reduces the costs incurred. So now, it is in collaboration with other companies to present security tokens that meet the requirements of the Blockchain Act, Anti-Money Laundering (AML), and Know Your Customer (KYC).

In 2019, the company went ahead to form a merger with the famous actor Wesley Snipes for tokenization in film financing. The project, Daywalker Movie Assets (DMA), aims to tokenize $25 million in movie funds. It surrounds Wesley’s ventures and his Maandi House Studios. The token will be the DMA security token where holders access all production portfolios.

The essence of the STO Launchpad to DMA

DMA is part of LCX’s vision of “Tokenize Everything”, putting it under the governance and regulations of the Liechtenstein Financial Market Authority. Likewise, the DMA project will have access to the European Economic Area and Switzerland.

This action by LCX shows its dedication to penetrating a more extensive area as far as tokenization of assets is concerned. DMA security tokens will provide a bridge between the production team and outside investors, making it an all-inclusive undertaking, taking into account the need for fans’ involvement in film production and funding.

Here are some of the benefits put forth by the DMA and LCX conjunction.

Leveraging Blockchain Technology

A significant advantage of DMA joining with LCX is utilizing blockchain technology for a decentralized and verifiable system of performance. Once they release the token, the distribution of DMA tokens will be more comfortable by deploying smart contracts. Additionally, it eliminates third parties reducing the costs of legal advisories in the process. Unlike traditional financial systems, blockchain offers anyone with internet connection access to the funding.

Co-Financing

Co-financing is a way in which film production industries share the costs of film creation. Since the whole idea surrounds introducing fans into the funding process, film financing will be less strenuous to the production team and internal investors. Traditional film financing comes with a high price with loan whales taking a vast amount of the profits from a complete film. Furthermore, security tokens increase liquidity into the finished product.

Fan Participation

The primary way in which fans will participate is in the funding process. The popularity of a proposed film on the screens will entertain a massive input through the purchase of tokens. Investors stand to profit from the allowance to participate in a variety of movies instead of one beating the basis of traditional film financing systems. Tokenization offers the fan base a say in how they want the film to be produced, further eliminating the ideology that only film experts have the right decisions in production. It heightens the hype around the film as they hope to see the fruits of their contribution.

Risks to Account for

It would be best to note that some disadvantages that come along with film financing cannot be eliminated by tokenization. The most important one to keep in mind is if the film production does not succeed, every investor faces a loss. Besides, in formulating the smart contracts, a lawyer’s involvement will be necessary to lay out all the conditions required in the investment. All the same, the pros outweigh the cons presenting a viable way to inject positive outcomes in the film industry.

Final Word

The film industry is a lucrative sector offering a seamless stream of profits. Film financing is a crucial stage in film production, involving the possibility or lack thereof of successful funding. Nonetheless, traditional systems exclude the most important parties in the overall prosperity of motion pictures, the fans.

LCX hopes to change the story by tokenizing film financing to embrace film enthusiasts globally in the film production process. Its partnership with Wesley Snipes to develop DMA is the beginning of a revolution in filmmaking. Comprehensively, tokenization is here to transform different assets, both physical and digital.

Trading bots are computer programs configured to complete buy-and-sell orders automatically. These bots are gaining popularity by the day, and among their best features are good profits, security, user-friendliness, speed, and many others. Bots are also independent of decisions based on human emotions.

The upsurge in the number of companies offering trading bot services makes them a perfect item of discussion. The main reason behind the use of trading bots is the crypto market volatility. Since the crypto market is a 24-hour economy, market trends change in seconds. Automated trading allows the crypto traders to react to any changes even when they are away from their trading platforms

As a trader, you might often wonder what bot is the best for use. Keep on reading to know the seven best trading bots as listed below.

Shrimpy

This web-based platform was launched in 2018. It works by automating functions to allow traders to manage their portfolio, analyze the market, and execute their strategies.

Anyone can start using Shrimpy by signing up from the website and connecting their exchange account to Shrimpy. Although it’s a new product in the market, it’s rapidly gaining popularity among new and seasoned traders due to the excellent services.

Shrimpy supports an extensive list of crypto exchanges, along with an endless list of cryptocurrencies. Some of the exchanges supported are Bittrex, KuCoin, Coinbase Pro, Bitmart, Bitstamp, Gemini, Huobi, Bibox, Binance, and Bitfinex.

Shrimpy also comes with the best pricing plans for new and even experienced crypto users. Its paid plan allows traders to access almost all functionalities of the service including, unlimited exchanges, custom portfolios, and rebalancing.

Shrimpy’s plans start as low as $8.99 per month. The subscription gives full access to the features above and also features a full social trading platform with complete portfolio backtesting.

Shrimpy has a simple, very clean, and easy to use interface. Setting up trading bots is easy, the functionalities are quite easy to use, so the platform is generally user-friendly.

Cryptohopper Trading Bot

The Cryptohopper domain and platform was registered in 2017 and is owned and operated by Cryptohopper BV, a Netherland based company. The platform serves as a web-based platform and comes with a user-friendly interface that operates 24/7. It is a platform that allows for both algorithmic and social trading.

The technology involved allows semi-automated trading to take place by integrating the API to the crypto exchanges, and the services are easy to use in any internet-enabled device.

The platform incorporates features such as configurable and savable templates, a bot backtesting tool, and customizable technical indicators. Cryptohopper is compatible with several exchanges, i.e., Kraken, Coinbase Pro, Cryptopia, Huobi, Binance, Kucoin, Poloniex, Bitfinex, and Bittrex.

Cryptotrader

Cryptotrader is a project run by Algocraft limited and allows users to use their strategies to automated trading via the scripting language, which is based on coffee-script. Members of the platform can trade bitcoins and other cryptos without other software, and the bot operates 24/7.

The platform is web-based, and the VPNcloud hosts the automated bots. It allows its users to use backtesting and live testing strategies.

Cryptotrader platform provides an API that can link with different exchanges and give developers full trading algorithms writing rights. Crypto exchanges supported in the platform include Coinbase, Huobi, and Binance, Bitfinex, Bitstamp, Bittrex, Kraken, and Poloniex. It operates on subscription. Therefore, a trader can choose a paid plan that best suits their needs.

Zignaly

Zignaly, a Spain-based platform, was founded in 2018. It’s a trading terminal that allows bitcoin and other cryptos. The platform excels at both manual and automated trading.

The platform is cloud-based, which automatically updates without you having to do it manually. Any changes you make in your system are automatically updated into the cloud, and you can get access to the information from any device.

A trader gets external signals from the systems signal providers. The signals help to analyze the market and make strategies based on market conditions. This means that a trader doesn’t need to devote all of his time to trading. However, there is not much information about the reliability and safety of the platform. The price of Zignaly’s beta plan is $9 per month.

Kryll

Kryll was launched in 2018 through an ICO but was introduced to the public in January 2018. Kryll’s block-like strategy structure makes it easy for traders to use trade as their primary mode of income.

Although it has gained popularity in the past two years and has received positive reviews from users and critics, it’s still less popular than its competitors. The Exchanges supported in this platform include Binance, Bittrex, Liquid, KuCoin, Poloniex, Coinbase Pro (GDAX), HitBTC, and Bitstamp. However, Kryll is still trying to make more exchanges compatible with its system.

Kryll is user-friendly so that even beginners can easily use it. For more information about Kryll’s pricing, visit their pricing page.

3Commas

3commas is best for the more experienced crypto traders since its user interface is a little complicated. The interface can be accessed anywhere using a desktop, phone, or any other internet-connected device.

This cloud-based platform incorporates smart trading terminal, reliable trading bots, copy trading, and portfolio management. The platform supports 23 different exchanges, including Binance, Bitfinex, and others.

3Commas allows the user to do either manual or automated trading. Its pricing plan for starters is $14.5 per month, and you can change your plan as you progress.

HaasBot

HaasBot platform was founded in 2014 and had a transparent team. The platform offers a wide range of services, including technical indicators and backtesting of real-time and historical safety and insurance.

The platform requires users to install the software on their laptops, which comes with an excellent interface, and customizable dashboards that appeal to them. HaasBot supports both Linux and Windows OS, and a user can trade at any time.

HaasBot is compatible with 20 exchanges, including Bitfinex, Bitstamp, Binance, and BitMEX. Plan payments are made in bitcoins, and the prices range from 0.04 BTC for a 3-month plan to 0.32BTC for a 12-month advance payment plan.

Bottomline

Crypto trading bots are a must-have tool for any trader who would like to make significant trades. These programs help you trade, even while you are away and make wise investment decisions that are not clouded by emotions.

There are several trading bots available in the market, all of which come with different features. If you are looking for one, you may find it challenging to choose the best. Luckily for you, we’ve rounded up the seven best bots you can use to give you a headstart.

Source: Crypto Adventure

Bitcoin’s popularity has demonstrated the efficiency of blockchain technology in solving economic issues, including centralization and fraud. That’s because blockchain technology has gained widespread application in several sectors, including finance, banking, supply chain, etc.

But while Bitcoin has brought many pleasantries in the fintech industry, the king crypto faces some challenges which compromise its usability. Bitcoin leverages Proof-of-Work (PoW) consensus algorithm, which has some downside – its slow, costly to mine, harmful to the environment, open to 51% attacks, and resistant to scalability. These challenges significantly hinder the mainstream adoption of Bitcoin despite being the leading cryptocurrency in terms of value and market capitalization.

BitcoinPoS seeks to solve Bitcoin’s major challenges by integrating its assets with a highly efficient, scalable, and flexible proof of stake consensus algorithm. BitcoinPoS takes after Bitcoin in every way but leverages an advanced blockchain technology to make Bitcoin more usable and better. In clarity, BitcoinPoS is just Bitcoin with proof of stake consensus.

Here is a comprehensive review on Bitcoin Proof of Stake or BitcoinPoS

BitcoinPoS Overview

Price (at the time writing): $95.67 USD  

Max Supply: 21 million 

Market Cap: $333,928,595 USD

Circulating Supply: 3,490,521 BPS

Total Supply: 3,701,975 BPS

Block generation rate: 3 minutes 

Initial block reward: 50 BPS/block 

Current block reward: 6.25 BPS/block 

Coin Maturity: 500 blocks 

Block reward: Reduced by 25% every 700k blocks

Estimated TPS: 21 transactions/second 

Launched on the 2nd of May 2020, Bitcoin Proof of Stake (BitcoinPoS) is a peer-to-peer network with no central authority and enables instant payments to anyone, anywhere in the world. BitcoinPoS runs on an open-source software referred to as BitcoinPoS Core.

BitcoinPOS Core combines Bitcoin Core and Proof of Stake consensus making the network scale better, consume less power, and make mining less demanding and cumbersome. Like Bitcoin, BitcoinPoS (BPS) has a total supply capped at 21 million BPS with a similar issuing rate. However, the BitcoinPoS network doesn’t support mining. Instead, new coins are created by stakers who are rewarded. The block rewards are cut once every four years by 25% every 700k blocks. This is contrary to BTC, where block rewards are cut by half (50%) every four years in an event called Bitcoin halving.

BitcoinPoS Network Architecture

BitcoinPoS architecture is similar to Bitcoin’s only that the consensus algorithms are different. BitcoinPoS employs proof of stake instead of proof of work in Bitcoin. The network is a peer to peer (P2P) with no single controller or server node. Each node plays an equal role in providing & consuming services on behalf of users. The network nodes interconnect in a mesh network with a “flat” topology. There is no server, no centralized service, and also no hierarchy within the network.

BitcoinPoS is not a Bitcoin chain fork. Rather it’s an original implementation of the Bitcoin codebase with several adjustments to enhance the coin’s usability, especially in financial applications such as payments.

Staking BitcoinPoS

BitcoinPoS is not mined but staked. Staking ensures that sufficient coins are held in the wallet to support the operations of the blockchain network. The requirement for staking BPSs are as follows:

The coins to be staked need to be compatible address/transaction types. Only P2PK and P2PKH are currently supported.

The coins to be staked need to be matured; this means that the unspent outputs (UTXO) need to have a depth in the main chain at least the 500 blocks.

Transactions

BitcoinPoS transactions are similar to Bitcoin. They are built on the basis of public and private key signatures – a private key is signed by the sender, and a public key is verified. Unlike Bitcoin’s PoW consensus, BPS’s proof of stake incentivizes staking every fork.

Incentivizing staking secures the network against double-spend attacks and makes transactions smooth and fast.

To protect the network against malicious actors, BitcoinPoS also employs the Mutualized Proof of Stake consensus (MPoS). In MPoS consensus, network participants share the transaction fees instead of the fees being given to a single block creator. Fee sharing significantly reduces the chances of occurrence of a spam attack. Therefore, it’s almost impossible to spam the BPS network with fees.

Block Time and Rewards

BitcoinPoS block time is set at 3 minutes, making it three times faster than Bitcoin and handling more than three times the number of transactions. The block difficulty is determined by an algorithm based on exponential adjustments with difficulty being adjusted at every block.

For the block rewards, they are split as follows:

Blocks 0 to 40000 have a reward of 50 BPS

Blocks 40000 to 80000 have a reward of 25BPS

Blocks 80000 to 120000 have a reward of 12.5 BPS

At block 120001, the BPS and Bitcoin reward/block are aligned at 6.25 BPS

The blocks from 0 to 5000 are proof of work blocks, premined by the developers; these funds will be allocated for continued development and maintenance of BitcoinPoS

Advantages of BitcoinPoS over Bitcoin

Decentralization

While Bitcoin is a decentralized P2P network, its PoW consensus brings about centralization due to its dependency on electricity and also mining hardware. Bitcoin encourages the centralization of mining resources in the sense that mining hardware and electricity are extremely costly.

There are a few people with access to these resources, which monopolizes or centralizes the Bitcoin mining industry, locking out regular miners. Big companies now control most Bitcoin mining operations since they have enough resources to invest in performant mining rigs

BitcoinPoS leverages Proof-of-Stake consensus, which doesn’t require energy in high quantities. Also, all users can stake coins, therefore, encouraging participation from all more people and decentralization of the network.

Invulnerable to 51% Attacks

Proof-of-Work consensus makes Bitcoin vulnerable to 51% attacks where one entity controls over 50% of the network hashrate. BPS is invulnerable to 51% attacks thanks to the Mutualized Proof of Stake consensus, which is almost impossible to control by an attacker. The network is powerfully secure with a huge number of full nodes to enhance decentralization.

Environment Friendly

Bitcoin’s PoW creates a massive strain on the environment and greatly contributes to global warming. The PoS consensus is a more environmentally friendly algorithm and can alleviate environmental damage. For instance, it cuts on power consumption by 99% since new coins are issued without the need to solve complex algorithms that are energy-consuming.

Low Transaction Fees and Fast Payments

Unlike Bitcoin, Bitcoin Proof of Stake – BPS, offers low fees with transactions flowing without congestions. Also, users can instantly send & receive digital currency payments on a highly scalable network.

Universally Accessible

BPS is universally accessible and can easily be staked by all people using a laptop or PC. Users can send money globally almost instantly with a few clicks.

How to Earn PoS Rewards

Download Wallet – Download the BitcoinPoS wallet

Get BitcoinPoS – You can get BitcoinPoS by using the website exchange functionality or your favorite exchange

Stake Coins– Stake your BitcoinPoS coins

Earn Rewards– Get rewarded based on staked BitcoinPoS

You can also use staking pools platforms that support BitcoinPOS. The team have already confirmed the listing on two staking pools: MyCointainer & StackofStake.

Bottomline

BitcoinPoS could be an improved version of Satoshi’s Bitcoin with its several performances and consensus upgrades. The coin isn’t into any form of competition with Bitcoin. Instead, it’s looking to revamp the properties of Bitcoin with its superior consensus algorithm, reduced centralization, easily facilitated payments, and significantly reduced power consumption requirements. It’s safe to say that BitcoinPoS can offer better real-life digital currency payments for mainstream crypto adoption.

Useful Links

Visit Bitcoin Proof of Stake at: https://www.bitcoinpos.net | CMC | Twitter | Facebook | Reddit

Source: Crypto Adventure