years after its founding, the Fermat project has given birth to its
first crypto-community: the IoP Community. From the broader Fermat
community, a new community has been born, full of enthusiastic people
willing to build a piece of Fermat’s vision of The Internet of People.
developers, entrepreneurs, and local chapters recently celebrated their
independence from the Fermat project, and they are now responsible for
independently running part of the infrastructure created by Fermat: the
IoP blockchain, governance apps, location-based network and content
IoP Consortium — an institution that already has several members,
managed by Daniel Csendes — and the wider IoP Community will receive a
total of 300K IoP tokens from original founder Luis Molina to finance
core development, community building, research, and entrepreneurship.
part of its independence, the IoP Community has agreed to be true to
Fermat’s vision. Both groups agree to coexist peacefully as two
independent projects pursuing some overlapping goals. This peaceful
coexistence includes removing toxic material from the public or
semi-public domain. Both communities also agree to refrain from any
action that can directly affect the robustness of the IoP token,
including but not limited to burning tokens or altering the blockchain
balances. It was also agreed that everyone can freely trade their
tokens, and no IoP whale would dump tokens in the market or try to
manipulate it in any way. To preserve the independence of the IoP
Community, Fermat founder Luis Molina will not participate in the
decisions of the IoP Community or interact with their voting system in
any way. If necessary, we are happy to pause Contribution Contracts apps
until the IoP Community redesigns its features to implement their
updated governance model.
As soon as we receive their IoP addresses, the initial 166K IoP tokens offered by founder Luis Molina in this post
will be transferred to the IoP Community members listed in our previous
announcement. The remaining 144K IoP tokens will be put into an escrow
multisig account requiring the signature of two respected members of
each community, accepted by both groups, to unlock the funds over an
stated in our previous announcement, the Fermat project sees this split
as a positive outcome. Fermat wishes the IoP Community both luck and
Thanks to Rich McDowell and others for the editing.
If you are interested in learning more about Fermat technologies, this list might help you:
Giracoin Staking (PoS) Major Advantages
Stable price, low volatility, increasing value and profitability.
In a blog post that I wrote a month ago (you may view it here), I briefly discussed the difference between Proof-of-Work (PoW) and Proof-of-Stake (PoS) mining algorithms. In summary:
miners or physical computers to process transactions in order to earn
coins. This can be inefficient since better computers are created and
optimized for mining which may lead to centralization, such as of
Bitcoin, by pool miners owning 51% or more of the entire mining
greener and requires less energy to confirm transactions. You just need
to lock up your coins to process transactions and earn rewards in form
of newly minted coins or transaction fees.
In this article, I would like to continue where I left off and delve more into how these algorithms apply in Giracoin.
may not be fully aware yet, but Giracoin is just one of the very few
cryptocurrencies which utilize a hybrid blockchain combining both the
high security of PoW and the simplicity of PoS. So how does it work and
how can we illustrate the “hybrid” characteristics of our blockchain?
of all, let’s define “blockchain” for those who are new to this
technology. Simply put, a blockchain is like a ledger containing all
transaction logs since the beginning of its existence, with the very
first block commonly referred to as the “genesis block” which Bitcoin
dubbed way back in 2009. The blockchain is an integral part of each
cryptocurrency and should be understood as a log which stores all of the
transactions performed with the currency, or in our case, with
let’s describe the “mining” process. The computing power required to
decrypt the hash algorithms, to verify new transaction blocks in the
blockchain, and the resulting new coins, is referred to as mining.
Mining is a distributed consensus system used to conﬁrm waiting
transactions and add them to the blockchain. This transaction
veriﬁcation, which previously only banks would perform, is carried out
for cryptocurrencies by a majority vote of users. The vote is taken
using a so-called Proof-of-Work (PoW) or Proof-of-Stake (PoS) procedure.
Now here's how Giracoin combined both algorithms to form a hybrid blockchain.
employs PoW in the process of mining your tokens and turn them into
coins using company-owned machines in order to avoid mining pool attacks
which is possible if a pool operator owns 51% of the entire mining
population. This closed Giracoin mining process is not only extremely
secure, but it also allows users without their own high-performance
computers to participate in the mining process.
the PoS scenario, you can still earn mining rewards by simply storing
your Giracoins in your GiraPay desktop wallet, which you can install on
any regular home computer, and not spend your coins for a certain period
of time. All you need to do is make sure your computer is always
connected to the internet. The higher your staked coins are and the
longer they are held, the better your success rate will be to earn
The advantages of staking your coins for as long as possible
previously mentioned, one of the key advantages of keeping your coins
for a longer period of time in your desktop wallet is that you can
increase your inﬂuence in the system and accumulate more earnings in the
form of new issued coins and transaction fees. The more coins you keep
and the longer you stake them, the higher your influential factor will
to our technical whitepaper, the amount of earnings your staked coins
can yield is more or less 3% per annum. However, certain penalties may
be imposed upon if you disconnect your wallet from the network, and to
reconnect may incur certain fees which will be deducted from your wallet
balance. So make you sure you keep your internet connection always on,
and your wallet always connected to the Giracoin network, to avoid such
other major advantage of staking your coins in your desktop wallet
rather than trading them on exchanges, is that, it will help stabilize
the market price of Giracoin and maintain low volatility of our
cryptocurrency. As per the law of supply and demand, if the demand is
high, the price can go higher too. So if we keep the supply very low
when many users stake their coins rather than offer to sell them, the
demand will be high, which can cause the price to go up gradually.
the other hand, the more users offer to sell their coins, the lesser
the demand will be causing the price of Giracoin to go down.
staking is really a very effective method of maintaining high demand
for Giracoin and its price stability, while keeping low the volatility
of our coin which can help convince merchants and investors to consider
Giracoin as a safe digital asset if we eliminate potential exchange
losses due to price fluctuations.
thing I liked about our staking process is the simplicity of
participation. Unlike other PoS-based cryptocurrencies that require you
to lock your coins for at least 30 days which will render your coin
unusable (like time deposit in a bank) during the said period, and
require a minimum amount of coins to participate which can cost a
participant huge amount of investment, ours is more flexible. Simply
transfer your coins at whatever amount to your desktop wallet for you to
begin staking. Then in cases when you need to spend your coins, you can
use them accordingly without incurring penalties. You may also add more
coins anytime to improve your chance of getting rewards.
since there is no need for you to setup and maintain powerful machines
to handle the actual work, you can therefore mine more coins, easier and
without spending more, in a PoS than in a PoW procedure.
GiraPay Desktop Wallet
is currently under beta testing and the final version (Build 2.0) will
be made available for download very soon. Once we launch the final
version to the public, expect the Giracoin price to rise again. So start
mining now before you lose more coins if you mine your tokens later.
ZrCoin Startup Raises Over 7 Million USD from 4,000 Investors at ICO to Create Zirconium Production Facility
a research and production startup, has raised $7.07 million in
cryptocurrency from 3,955 investors during their crowdfunding campaign.
The campaign was based on an ICO (Initial Coin Offering), a new
technology for investing in projects using the blockchain.
funds collected allow the launch of two synthetic zirconium production
lines with a total capacity of 800 tons per month. The primary goal of
the campaign, which took place from 11 May to 9 June, was the collection
of at least $3.5 million for the construction of the first production
line, with a capacity of 400 tons per month. High demand from investors
led to additional financing, and the opportunity to increase production
Investors will receive ZrCoin tokens, which are hosted on the Waves blockchain platform and which can be transferred and traded on crypto exchanges. Each token is backed by 1kg of zirconium dioxide (ZrO2).
volume of the funds raised was twice as high as we planned. This is a
huge success for the first ICO of its kind on the market. Using
blockchain technology, we secured financing quickly and efficiently. Our
team thanks our investors and partners’, commented Andrey Nikonorov, co-founder of ZrCoin.
to my estimates, the amount of funds raised by ICOs in 2017 will exceed
$1 billion. More and more companies and startups are choosing this way
of securing investment. Transparency and reliability of blockchain
technology, and the wide possibilities of open information systems, lead
to the creation of fundamentally new solutions that make easier the
life for businesses and private users’, added Sasha Ivanov, founder of the Waves Platform.
a bespoke marketing strategy and effective communication with the
online community, whose engagement is exceptionally high in such
crowdfunding campaigns, we and the ZrCoin have established trust with
our audience to create the first ever manufacturing application project
in the cryptocurrency market. We encountered initial skepticism from
some parts of the community, but investors’ interest was obvious — which
the results of the campaign confirmed. I’m confident that the potential
of the ICO as an effective fundraising tool for projects across all
sectors of the economy will be made clear in the coming years,’
explained Vitaliy Tsygulev,
General Director of the Digital Finance Agency, which implemented a
comprehensive marketing and communication strategy for the crowdfunding
starting production, the distributed tokens will be redeemed from
investors at the market price of the final product. ZrCoin was sold at
ICO at a starting price of $1.40, gradually increasing to $1.55 by the
end of the crowdsale. Since the market price of zirconium dioxide is
$2.80 per 1 kg, this provides a significant opportunity for investors
who purchased it in the early stages. Investors can choose whether to
sell their ZrCoin back to the company or on the open market, or to take
physical possession of the zirconium that backs the token.
were able to deposit using various currencies, including bitcoin,
Litecoin, Waves and Ethereum. The breakdown of funds raised is as
838,903 USD950 BTC670,290 WAVES12,373 LTC7,407 ETH27,973 ETC.
ZrCoin project combines advanced technologies in the field of finance
with environmentally-friendly industrial production of one of the most
popular and in-demand fire-proof materials in the world — synthetic
zirconium dioxide (ZrO2). The outstanding feature of the project is the
synthesis of this product from industrial wastes.
project team invested around $1 million of its own funds in the
development of the technology for the production of synthetic zirconium
from wastes from the metallurgical industry. The first plant will be
located in Magnitogorsk in the Chelyabinsk Region. Completion of
construction and the launch of the first production line are scheduled
for the spring of 2018.
Version 0.6.0.4 has been released. The complete changelog is below. You can download version 0.6.0.4 Here
TCP protocol version and minimum version increment.UDP message version and minimum version increment.ListAccounts RPC method.DecodeRawTransaction RPC method.SendRawTransaction RPC method.GetAddressesByAccount RPC method.Checkpoint sync fix.CScripts loading fix.Incentive's "Questionable Winner" blocks will be rejected at height 705000.Edited ban rules.macOS release of wxVcash & daemon.Vcash-Electron by whphhg.
Peerplays Bulletin June 2017 - Project UpdatesThe following document contains the list of Recommended Global Parameter settings to be initiated in the Peerplays genesis block:http://www.peerplays.com/news/...
has raised over 2300 BTC during the ICO. 3500 people have participated
in the crowdsale. The ICO took place from April 25th to May 31st.
of the funds were raised during the first and last days of the ICO,
with 1000 investors and over 400 BTC coming into the crowd sale in the
last 24 hours.
to the terms of the ICO, 50% of the unsold coins will be distributed
among all crowdsale participants proportionally. The final unsold coins
multiplicator is 7, which means the amount of purchased coins will be
multiplied by this number. If a person purchased 1000 EON coins, he will
receive 7000 coins after the network goes live. The multiplier also
applies to bonus EONs earned for early investors, but not bounties as
these are awarded a separate allocation. The remaining 50% of the unsold
EONs will go to a non-profit Exscudo fund to be used as technical coins
for further testing and development of the EON network.
The Exscudo team reports that the ICO was a success. “We
have raised enough to fund the development of our products”, — says
Andrew Zimine, CEO. “The ICO is over now, and we have entered a new
stage in Exscudo. Now we are going to prove that our products and
services are worth the trust our ICO participants have invested in us”.
team is now preparing for the launch of the EON network. In June, the
company plans to publish detailed instructions on setting up peer nodes.
EON uses the DePoS mining algorithm, and to set up a node, a user needs
to deposit 25.000 coins.
EON test network is to be launched in a couple of weeks now that the
ICO is over. Exscudo plans to run the net tests in collaboration with
the community. After the tests are successfully finished and all issues
fixed, the EON main net will go live. The launch of Channels, the mobile
wallet and secure messenger, is planned for the same time.
participants will receive the purchased EON coins right after the main
network goes live. This will also enable exchanges to list EON coins.
The launch of the Exscudo exchange is planned for Q3 2017.
Exscudo team would like to extend a warm thank you to all of its ICO
participants as we move closer to the next steps and milestones for the
EON blockchain and Exscudo products that will be launched soon.
This is only required if you don't already have a Bitcoin address to which you own the keys to. Step 1: Download and install a Bitcoin wallet (Supported Ways of Generating an AddressElectrum Installation Guide). Run it and back up your wallet! Step 2: Generate a new address in your wallet and send the amount that you want to invest to it.
Mandatory steps: Step 1: Register an account on the NVO website: https://nvo.io/register.php. If you've sucessfully registered, you will see this screen:
Step 2: Confirm the account by clicking the link that you've received in your email account.
https://nvo.io/login.php Step 4: Enter a personal Bitcoin address, one to which you own the private keys to (do not use exchanges, web services, and similar). This will enable you to see the Bitcoin escrow address and will generate an unique address for each coin.
Step 5: Depending on what you want to invest with, there are two possibilities here. Step 5.1: If you are investing Bitcoin, then send from the personal address that you've previously entered. Step 5.2: If you are investing any altcoin, then send to the addresses that you see in your dashboard. The tokens will be credited to the entered Bitcoin personal address. Supported ways of generating a personal Bitcoin address:
Note 1: All images are clickable and will lead you to the origin/they can be viewed in full size. Note 2: This is open to suggestions and will change/update depending on those. The list of supported ways of generating a Bitcoin address will definitely update frequently.
We are happy to have successfully implemented ENS support for Rouleth :)!
some ether ( > 0.01eth) to Rouleth.eth with 180k gas to bet on red.
The smart contract will automatically answer with your payout in a few
For a better UX connect to Winsome.io, you’ll have a 3D roulette wheel there and provable fairness reports!
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