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Why Are Ico Tokens Moving To Stellar

Why Are Ico Tokens Moving To Stellar

People involved in the cryptocurrency space are already familiar with the skyrocketing transaction fees and the increasing wait times that popular currencies have to face. Ethereum is the most used public blockchain in the world right now, and routinely processes more than a million transactions per day. But this increase in usage comes at a cost over $1 in transaction fees and several minutes to wait for confirmation times. Additionally, the blockchain is also growing at an alarming rate, and it is becoming increasingly harder for smaller node operators to continue supporting the network. Can Stellar offer a viable solution? Stellar is an open source payment network for asset agnostic value exchange founded in 2014 by Jed McCaleb, the founder of Ripple and Mt. Gox. Stellar uses its native asset called Lumens to facilitate the exchange of value and boasts of handling over 1000 transactions per second. This puts Stellar at par with Ripple and makes it over 100 times faster than Bitcoin or Ethereum. The total number of Lumens (XLM) created is 103.53 billion out of which 17.85 billion are currently in circulation. In practical terms, this means that Stellar is focusing on one niche market compared to Ethereum which is trying to be a general purpose Turing-complete computer. Since Ethereum can do much more than Stellar, namely smart contracts, it is also slower for simple transactions that ICOs require. As a result, the Ethereum network experiences serious congestions at times when there is an ICO. This is where Stellar has the edge over Ethereum. For token distribution and transferring, the maximum transactions per second that a network can handle is all that matters. Kin CEO, Ted Livingston confirmed last week that Kin is moving to Stellar from Ethereum as Ethereum is un Continue reading >>

Ethereum: Everything You Want To Know Aboutgas

Ethereum: Everything You Want To Know Aboutgas

Gas keeps Ethereum Blockchain alive, thanks to it we can transfer Ether and other Ethereum tokens such as: GameCredits (GAME), OmiseGo (OMG) or Golem (GNT), it also allows to smart contracts to do their job. In this blogpost Im going to explain: what is Gas? how is it used? and why is it so important for the future of Ethereum? Important: Dont be misled by the Token named GAS which is something completely different. Ethereum blockchain is run by nodes that keep the blockchain state but also calculate new blocks. New blocks are needed to change Blockchains state e.g. move Ethereum from one account to another. Calculation of the new block is made by miners, to cover their effort transaction sender must pay a fee. Transaction fee depends on complexity of transaction sender wants to make, if its a regular send Ether transaction or more complex one like create smart contract (smart contract a special kind of the blockchain account, that can not only keep Ether but also computer program with its state). Sending Ether from one account to the other costs 21,000 Gas. On the other hand creating smart contract which is responsible for handling OmiseGo Token costed 1,197,977 Gas. So the more complex transaction, the more Gas we need to pay for its execution on Blockchain. Main complexity factors are: operations performed by the smart contracts code e.g. arithmetical operations data that is stored on blockchain e.g. storing information in the smart contract or updating an amount of Ether on the account We know more or less what Gas is, but how much does it cost? The answer is as always it depends. Each transaction sender (e.g. person who is sending Ether) is defining price of Gas for created transaction (e.g. 1 Gas = 0.000000001 ETH). If the price is high enough, transaction will b Continue reading >>

Move Over, Cryptokitties! Cryptocelebrities Has Arrived

Move Over, Cryptokitties! Cryptocelebrities Has Arrived

Move Over, CryptoKitties! CryptoCelebrities Has Arrived Jeff Francis January 24, 2018 4:00 am It may be that CryptoKitties has some competition. CryptoCelebrities allows players to buy contracts of celebrities on the Ethereum blockchain. CryptoKitties may have taken the crypto world by storm, enough so that the game was slowing down the Ethereum blockchain. However, the virtual kitties are facing a potent new rival celebrities. The new CryptoCelebrities game allows people to buy up contracts of famous, and some not-so-famous, celebrities. The premise of CryptoCelebrities is pretty straightforward. Each celebrity has a sole contract that a player can purchase with Ethereum. If another player wants to collect that celebrity, then theyll have to pay more for the contract, allowing the previous owner to enjoy a small profit. The collecting game is based upon the Ethereum blockchain, and it can get pretty expensive. A celebrity contract that is worth up to 0.05 ETH can be purchased if another player spends double the current contract value. From 0.05 ETH to 0.5 ETH, the price to purchase a contract is 1.2 times the current value. From 0.5 ETH on up, the new contract price is 1.15 times the current contract value. Lets use Bruce Springsteen as an example. His contract will cost 0.97944 ETH to buy. If you buy it, another person can then snap it up for 1.126356 ETH. You will then get 0.146916 ETH in return. When looking at the current value of Ethereum ($997.90), this means that youll have to spend the equivalent of $977.38 to buy Springsteens contract, but youll earn $146.60 when somebody else buys it away from you. Vitalik Buterin is the number one celeb for CryptoCelebrities. As CryptoKitties has shown, people are quite willing to spend gobs of money on virtual goodies. Whi Continue reading >>

Tether Moves Usdt And Eurt Tokens The Ethereum Blockchain

Tether Moves Usdt And Eurt Tokens The Ethereum Blockchain

Tether moves USDT and EURT tokens the Ethereum blockchain Tether, issuers of digital analogs of the US dollar and euro, has announced its decision to move to the Ethereum blockchain. It will help to make transactions faster and cheaper. Tether has published a statement, in which it claimed to cease issuance of USDT and EURT tokens on the Omni Layer blockchain. Tether decided to move to the standard ERC20 on the Ethereum blockchain. "The Ethereum-based Tether allows for tokenized USD and EUR to be transferred over the Ethereum network. This enables interoperability with Ethereum-based protocols and Decentralised Applications (DApps) while allowing users to transact and exchange fiat pegged currencies across the Ethereum Network," Tether said in an official statement. According to Tether, switching to Ethereum system will help to lower commission fees and reduce transaction processing time. "The ERC20 Tether will have much lower network transaction fees and much faster confirmation times (15-30 seconds) compared with Tether on Omni. This will facilitate more efficient exchange arbitrage, and several partner exchanges are already working to integrate the new tokens." Since the announcement, Tether has already issued more than 100,000 USDT tokens, whose price is tied to the US dollar, and more than 14.5 million EURT tokens tied to euro. Continue reading >>

Brazilian Government Plans To Process Petitions And Write Laws On Ethereum

Brazilian Government Plans To Process Petitions And Write Laws On Ethereum

Brazilian Government Plans to Process Petitions and Write Laws on Ethereum The Brazilian government is seeking to move popular petitions, an inefficient electoral system of the country, onto the Ethereum network The Brazilian government is seeking to move popular petitions, an inefficient electoral system of the country, onto the Ethereum network, to process hundreds of millions of votes on the immutable Blockchain network. In Brazil, popular petitions enable over 145 mln voters across the country to come to a consensus on important political decisions. But, for many decades, political experts and analysts have questioned the logistical issue of popular petitions, and political commentators have described the structural problem of the electoral system of Brazil as the basis for most of the countrys political issues. Gabriel Barbosa, a research associate at the Council on Hemispheric Affairs, wrote , when people are living paycheck to paycheck, or as the common saying in Brazil goes, selling their lunch to buy their dinner, the cost of political participation becomes high enough so that people are excluded from the political process, emphasizing the lack of proper institutions that handle the cost of political engagement. As Joon Ian Wong of Quartz reported , Brazilian legislators led by Congress legislative adviser Ricardo Fernandes Paixo and university professor Everton Fraga are planning on ways to utilize the Ethereum Blockchain network to store and process electoral votes, as a part of a larger initiative to improve Brazils political system, which The Economist described as sleazy. The key to employing a Blockchain system in processing petitions and electoral votes is to encrypt votes onto the immutable Blockchain network as transactions, to ensure that the specifi Continue reading >>

Blockchain Moves Beyond Its 'moonshot' Phase

Blockchain Moves Beyond Its 'moonshot' Phase

Blockchain moves beyond its 'moonshot' phase Blockchain moves beyond its 'moonshot' phase Bank executives today who want to stay abreast of new technologies are compelled to wade through a swamp of buzzwords, none buzzier than "blockchain." Such is the proliferation of projectspublic, permissionless blockchains such as Ethereum's, which anyone can use, alongside private, "permissioned" blockchains such as R3's Cordaand competing schools of thought, each with its loud partisans competing for mindshare at conferences and on social media, that one could be forgiven for feeling lost. Worse, it can seem as if the word "blockchain" itself risks becoming little more than fairy dust for big corporations to sprinkle on tired old processes to make them sound new and fresh. Brian Behlendorf, executive director of the Hyperledger Project, which seeks to establish common standards for blockchain technology, isn't concerned. Blockchain projects are evolving rapidlydozens of companies are now using the distributed ledger network Corda, for instanceand, for now, Behlendorf would rather see a thousand flowers bloom than try to reap the harvest too early. If Ethereum and bitcoin are the moonshot, we're the rocket ship that makes this commercially usable for lots and lots of other activities that might not have been anticipated when your goal was Get to the moon, says Brian Behlendorf, executive director of the Hyperledger Project, which has begun what could be a 50-year effort to establish standards for blockchain technology. Hyperledger is distinct in being embedded within the nonprofit Linux Foundation, which has about 1,000 corporate members. Hyperledger itself has about 170 direct partners, including IBM and the Spanish banking group BBVA , funding its efforts to develop blockchain Continue reading >>

How Your Eos Tokens Move From Ethereum To The Eos Blockchain

How Your Eos Tokens Move From Ethereum To The Eos Blockchain

A discussion forum about EOS, a powerful infrastructure for decentralized applications. How your EOS Tokens move from Ethereum to the EOS blockchain A lot of people got confused by the EOS token crowdsale. Its especially parts like this that make people scratch the back of their heads EOS TOKENS HAVE NO RIGHTS, USES OR ATTRIBUTES. The EOS Tokens do not have any rights, uses, purpose, attributes, functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features on the EOS Platform. Company does not guarantee and is not representing in any way to Buyer that the EOS Tokens have any rights, uses, purpose, attributes, functionalities or features . Feel free to read the whole license agreement on the EOS website if you want to learn more. And just to be clear: This blogpost is not an investment advice but only a way to express my personal views on the EOS Tokens. EOS.IO has made it very clear that they wont launch a public blockchain. They only make the software and leave it up to block producers (BPs) to start a network using the EOS software. Currently these BPs can not start a public network as the software license doesnt allow that without clear permission. BPs have to wait to launch a publicchain So the questions is; why? Why did BLOCK.ONE choose this road over starting their own chain? Well, it looks like this all comes down to legal issues. The Securities and Exchange Commission is taking an interest in the hottest craze in cryptocurrency, the initial coin offering (ICO), and apparently the SEC is not into the hype . This is probably also the reason why you cant join the EOS Tokensale from the US. It looks like BLOCK.ONE saw this coming. So by stating that the token has no purpose and that BLOCK. Continue reading >>

Sorry Vitalik But Kiks Cryptocurrency Moves From Ethereum To Stellar In 2018

Sorry Vitalik But Kiks Cryptocurrency Moves From Ethereum To Stellar In 2018

In what might come as a big blow to Ethereum co-founder Vitalik Buterin, mobile messaging startup Kik has announced that it is planning to move its Kin token network from the Ethereum platform to Stellar platform. Kin Foundation CEOTed Livingston confirmed this news on Wednesday and addressed the audience in a live Q&A session on YouTube. Livingston during the session explained a few reasons for his decision saying Ethereum blockchain doesnt offer enough scalability to the level that Kin requires and hence plans to shift it on the Stellar network created by Ripple co-founder Jed McCaleb and was first unveiled back in 2014. Soon after Livingstones announcement, Stellar welcomed Kik to its platform tweeting: Stellar (@StellarOrg) December 14, 2017 As mentioned on its website, Stellar is basically an open-source distributed payments infrastructure which connects people, banks and other payments systems. In exact words,Stellar is a decentralized protocol for sending and receiving money in any pair of currencies. This means users can, for example, send a transaction from their Yen balance and have it arrive in Euros, Yen, or even bitcoin. Were expecting to support the usual categories of transactions: payments to a merchant, remittances back home, or rent splits with a roommate. In order to enhance and simplify its services for cross-border cryptocurrency payments, Stellar has also joined hands with industrygiants like IBM and KilckEx. Kik is a Canada-based Messaging platform who planned to enter the digital currency space,looking to its growing popularity. Earlier this year in May 2017 Kik announced that its Kin tokens can be used by the app users to avail digital services on its platform and also convert them into cash or other digital currencies. Kik chat app is famous a Continue reading >>

How To Change The Blockchain Dir? #572

How To Change The Blockchain Dir? #572

Actually in Windows there's JUNCTION and, just like Linux, you can create a link of the existing data folder to another one (even in another drive) as you see fit. You can download junction from microsoft technet here: . No installation required. So, in this case, you just need to stop geth, move the data folder to another drive/folder/path and create a junction from the original path to the new one. Move the contents of "%USERPROFILE%\AppData\Roaming\Etherium\Geth" to "G:\Data\Geth" and wait for it to finish. Then execute (on a cmd prompt): cd "%USERPROFILE%\AppData\Roaming\Etherium" If you list the contents (dir) it will show something like: 05/11/2017 20:52 Geth [??\G:\Data\geth] Continue reading >>

Xapo President: Biggest Bitcoin Companies Could Move To Bitcoin Cash Or Ethereum

Xapo President: Biggest Bitcoin Companies Could Move To Bitcoin Cash Or Ethereum

Xapo President: Biggest Bitcoin Companies Could Move to Bitcoin Cash or Ethereum Join our community of 10 000 traders on Hacked.com for just $39 per month. Xapo will integrate SegWit after all, after the SegWit2x hard fork was called off by leading supporters including Blockchain, BitGo, ShapeShift, and its lead developer Jeff Garzik. But, Xapo President Ted Rogers cautioned the bitcoin industry and community that some of the biggest companies in the bitcoin market may move to more flexible and supposedly scalable cryptocurrencies like Bitcoin Cash or Ethereum, taking millions of users and large transaction volumes with them. My guess [is] biggest [bitcoin] companies are packing up to move to Bitcoin Cash or Ethereum, and will take millions users and transactions with them. Will still support bitcoin but not a focus for their future. Xapo still bitcoin only & will implement SegWit but wouldnt waste your time pressuring the others. Possibility of Companies Moving to Bitcoin Cash and Ethereum The stance major bitcoin businesses like Xapo, Blockchain, and Coinbase have taken over the past few months in regards to SegWit and second layer solutions like Lightning has been that it is not the right approach force businesses and companies to adopt specific software to scale their platforms. More importantly, many of the SegWit2x supporting companies have firmly stated that the burden of transaction fees should not be placed on users. In the upcoming months, if the bitcoin transaction fees still remain high even with SegWit, Rogers emphasized that businesses may move to Bitcoin Cash and Ethereum, given their cheaper transactions and larger blockchains that can handle a bigger capacity of transactions. As of current, the Ethereum blockchain network processes twice of the daily t Continue reading >>

Investment Fund Moves To Capitalize On Ethereum Ecosystem

Investment Fund Moves To Capitalize On Ethereum Ecosystem

Investment Fund Moves to Capitalize on Ethereum Ecosystem Jan 30, 2018 at 10:00 UTC|UpdatedJan 30, 2018 at 10:03 UTC One of Canada's largest investment funds is hoping to leverage the ethereum ecosystem through a new venture. Ethereum Capital, a recently incorporated entity formed primarily by Canadian investment group OMERS, is raising $50 million and preparing for a reverse-takeover procedure. When the funding round is completed on Feb. 16, the company will invest the funds in both ether tokens and blockchain startups, according to a press release . The ultimate goal, the firm said, is to become "the central business and investment hub for the ethereum ecosystem." To that end, the company will also purchase controlling stakes in companies using ethereum-based tokens. The company explained it would sell 2 million subscription receipts, valued at $2.50 each, in order to achieve its funding goal. Once this goal is accomplished, each share of the company, called Ethereum Shares, will be later replaced with a share in Movit Media Corp., which will subsequently take over Ethereum Capital. The company will keep the Ethereum Capital name. The new firm's advisors include both traditional investors and representatives from blockchain startups. Notably, Liam Horne, a member of ethereum creator Vitalik Buterin's L4 Ventures, will serve as an officer of Ethereum Capital's board. Joey Krug, a director of Ethereum Capital and co-founder of decentralized oracle startup Augur, said ethereum's potential is largely untapped, according to a statement. "The Ethereum network is just beginning to demonstrate its potential, with a greater number of transactions and applications being created almost daily. I believe it has the potential to disrupt many existing industries and am excited to a Continue reading >>

In Mist Browser How Can I Move The Data (blockchain) To Another Drive On Mac Osx?

In Mist Browser How Can I Move The Data (blockchain) To Another Drive On Mac Osx?

In Mist browser how can I move the data (blockchain) to another drive on Mac OSX? My Mac "System" drive is almost full. As I actually have two drives, I want to move the blockchain from the default location to the second drive.How can I do it ? The default subdirectory where your Ethereum data files are stored on a Mac is ~/Library/Ethereum . Within this subdirectory, your blockchain data is stored in the subdirectory chaindata, i.e., ~/Library/Ethereum/chaindata . Let's assume that your new drive is mounted on ~/Volumes/Drive2 for this example. Here are 3 alternatives, the first being the safest. Method 1 - Unix Soft Linking - chaindata Subdirectory Only Copy your ~/Library/Ethereum/chaindata subdirectory into your new location /Volumes/Drive2/Ethereum/chaindata using the following command: mkdir /Volumes/Drive2/Ethereumcp -rpv ~/Library/Ethereum/chaindata /Volumes/Drive2/Ethereum/ A copy of your Ethereum chaindata subdirectory will now be located in /Volumes/Drive2/Ethereum/chaindata. Rename your default Ethereum chaindata subdirectory for testing: mv ~/Library/Ethereum/chaindata ~/Library/Ethereum/OldChaindata_to_delete_when_tested Soft link your new chaindata subdirectory back to the default location: ln -s /Volumes/Drive2/Ethereum/chaindata ~/Library/Ethereum/chaindata Test out your Mist browser and delete your old chaindata directory ONLY AFTER your testing is successful: rm -rf ~/Library/Ethereum/OldChaindata_to_delete_when_tested Method 2 - Unix Soft Linking - Whole Ethereum Data Directory Copy your ~/Library/Ethereum subdirectory into your new location /Volumes/Drive2/Ethereum using the following command: cp -rpv ~/Library/Ethereum /Volumes/Drive2/ A copy of your whole Ethereum directory will now be located in /Volumes/Drive2/Ethereum. Rename your default Ethe Continue reading >>

Move Over, Bitcoin And Ethereum -- Make Way For Ripple

Move Over, Bitcoin And Ethereum -- Make Way For Ripple

Move Over, Bitcoin and Ethereum -- Make Way for Ripple Traditionally, the stock market is the greatest creator of long-term wealth. Over time, stocks have returned an average of 7% annually, inclusive of dividend reinvestment and adjusted for inflation. We're talking about the potential to double your invested money about once a decade, which is actually pretty fantastic. But cryptocurrencies like bitcoin and Ethereum have done a bit better than that. Since the year began, the aggregate value of all cryptocurrencies combined has risen from $17.7 billion to $244 billion as of Nov. 21.That's approaching a 1,300% increase in just under 11 months. It would have taken the stock market decades to deliver the sort of returns virtual currencies have yielded in less than a year. Bicycle chains with binary code linked together to represent blockchain. Leading the charge have been bitcoin and Ethereum. Bitcoin, which began the year below $967 per coin, is currently valued at $8,265 per coin, a gain of more than 750%. Bitcoin also comprises about 56% of the aggregate cryptocurrency market cap. Meanwhile, Ethereum is trading at $367.15, up from its $7.98 where it began the year. That's just your run-of-the-mill 4,500% year-to-date gain. A number of factors have propelled virtual currencies through the roof in 2017, but most of them lead back to the excitement surrounding their blockchain platforms. Underlying most digital currencies, including bitcoin and Ethereum, are digital and decentralized networks that log transactions without the need for a financial intermediary like a bank. These networks are almost always open source, which makes it practically impossible for logged data to be altered without someone else noticing. This is one of the key features that should make blockcha Continue reading >>

Chinas Moves Against Cryptocurrencies Could Affect Blockchain Growth

Chinas Moves Against Cryptocurrencies Could Affect Blockchain Growth

Chinas moves against cryptocurrencies could affect blockchain growth As China clamps down on the use of bitcoin, other nations and businesses are also seeking to more heavily regulate cryptocurencies and blockchain-based networks. Use commas to separate multiple email addresses Tech Talk: Lessons from Mobile World Congress, and whats next for developers While the hype around bitcoin and other cryptocurrencies has sent their prices skyrocketing, some governments and companies are restricting activity to head off potential money laundering and protect consumers from a credit meltdown. Cryptocurrencies have begun to exit once-friendly China for more open nations and other regions and businesses are beginning to impose restrictions on how or even whether they can be used. Open blockchains, such as bitcoin, are only the first to be affected by increased regulatory oversight. Depending on how they're used, permissioned blockchains, or those that are centrally administered and used for general transactions, could also be affected by the push to reign in the cryptocurrency technology. With cheap electricity, China was once a haven for vast, power-hungry server complexes that perform the algorithmic processing for bitcoin and other blockchain-based virtual currency networks. In recent years, however, China has gradually clamped down. Last year, China outright banned initial coin offerings, a form of crowdfunding for cryptocurrencies, and later put the kibosh on trading in electronic currencies. More recently, the government began shutting off the power faucet for bitcoin mining pools , or large server farms that perform cryptocurrency processing. "The market is very entrepreneurial and we'll see the bitcoin transaction processing move elsewhere pretty quickly," said Paul Brody, Continue reading >>

Why Africas Emerging Blockchain Movement Is Growing Sorapidly

Why Africas Emerging Blockchain Movement Is Growing Sorapidly

Building blockchain communities in Africa| Consensys| Intl dev/social causes| Entrepreneur| Passion for Africa, its youth & people|Travel|Music|Wits MBA Alum Why Africas Emerging Blockchain Movement is Growing SoRapidly This March, ConsenSys is planning to host, sponsor, and participate in seven events all across the region. By Ben Onuoha | ConsenSys Community Lead, Africa One of the great advantages that Africa maintains over other continents in riding blockchains wave of disruption is that there are far fewer legacy systems to get in the way. Africa has a clean slate to develop highly evolved business models and a robust technological infrastructure. As a developing region, Africa can use blockchain to leapfrog antiquated systems, the same way it skipped over cumbersome, expensive landlines and moved straight to mobile phones. I wont go into detail defining blockchain, as many of my colleagues have already and eloquently done so: ConsenSys Academys Blockchain Basics is an excellent introduction for non-developers, and in his 18 Blockchain Predictions for 2018, Andrew Keys lays out a big vision for the future of blockchain. Blockchain technologies can create an economy that isnt only about goods and services but that is also more open, inclusive, fair, and secure. This opportunity is particularly relevant for Africa, where a large portion of the population is unbanked: 350 million of the worlds unbanked population currently live in Sub-Saharan Africa according to the World Bank Group . A huge number of Africans are excluded from the global economy because they cant open a bank account, dont have a birth certificate, passport, drivers license, utility bill, or because they just dont have enough funds. Many African countries also have very weak and unreliable currencies Continue reading >>

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