Forking Great, up to 50 Bitcoin Forks in 2018 329

For those not in the know blockchain forks are something of an enigma. Last year saw 19 Bitcoin forks but as many as 50 could occur this year. The most successful one at the moment is Bitcoin Cash which has caused a rift in the Bitcoin core community.

Forks happen when developers clone Bitcoin’s software and release it under a new name with a new coin and often new and improved functionality. In late 2017 in addition to Bitcoin Cash there was Bitcoin Gold, Bitcoin Diamond, Bitcoin God, Bitcoin Platinum, Bitcoin Dark and the list goes on. It is no wonder that confusion reigns with all of these different versions of the digital asset.

What the fork

According to India’s Economic Times there could be as many as 50 more Bitcoin forks this year. A site called Forkgen, which enables anyone with rudimentary programming skills to launch a clone, could see this estimation rise. The motives behind the forkers vary, some want to improve on Bitcoin’s slow and expensive transaction times. BCH is a good example of this as they increased the blocksize from BTC’s 1Mb to 8Mb enabling faster and cheaper transactions. Others just want to latch on to the Bitcoin name and make a fast buck.

CEO of forked coin wallet company Coinomi, George Kimionis, commented;

“Unfortunately, most fork-based projects we see today are more of a sheer money grab.Looking back a few years from now we might realize that they were just mutations fostered by investors blinded by numerical price increases – rather than honest attempts to contribute to the blockchain ecosystem.” 

He predicts that all of these forks could sideline the ICO industry which generally creates new tokens. Forks can also help funds in countries that have banned ICOs such as China. Another advantage of a fork is that Bitcoin holders usually get an equivalent quantity of the forked version. Though this largely depends on whether their exchange supports it, and many do not.

Meet the forkers

Tech savvy entrepreneurs launched forked versions of Bitcoin back in the day when crypto land was largely a digital desert. Coins such as Litecoin and Dogecoin were born but they are now dwarfed by the likes of Bitcoin Cash which has a market capacity three times both of them combined. Traders and investors have seen this momentum and want to get on their own forked train to rake in the big bucks.

Miners are also keen for new forks since Bitcoin is now prohibitively expensive to mine for individuals and smaller operations. UnitedBitcoin for example, which forked in December, can be mined using older hardware that can’t compete with state-of-the-art machines on the Bitcoin network

The likelihood of many more forks in 2018 is high, only time will tell which ones make it to the top.

Previous ArticleNext Article

Leave a Reply

Claire AI data storage protocol set to go live 3111

The Claire Project, specializing in the application of the AI storage protocol knowledge graph, will go live soon. It is the first of its kind utilizing blockchain technology to create a decentralized, co-constructed, shared, distributed, highly secure and trusted knowledge graph collaboration platform. The project allows users in the global knowledge community to achieve distributed collaboration with extremely low labor and management costs, in a move to take the value of knowledge graph data to a new level and realize the final goal of “data as value” as the Internet enters its next stage of evolution.

The Internet has been around, growing and evolving for nearly 30 years. During the transition from Internet 1.0 to Internet 3.0, data storage and security risks have hindered the medium’s growth path. Online users are constantly concerned about user data breaches, asset information exposure and account information theft, among other data security issues.

The emergence of the Claire Project will not only remove the dependency of traditional internet knowledge graphs on a central server, but also, to a meaningful extent, break up the monopoly exercised by Internet tech giants when it comes to data graphic primitives.

The Claire Project focuses on data storage and a data value ecosystem

Claire AI data storage protocol is the first distributed storage protocol for AI data. By integrating IPFS storage technology, Token incentive mechanism and DAO governance model, it creates four types of trusted storage, trusted incentives, trusted governance, and trusted finance. The project also combines AI data screening and processing collaboration networks for a fully autonomous network community, with effective value data to provide necessary support for commercial applications at scale.

Secondly, since its inception, the Claire Project team has very much come to the realization that, as result of decades of development since the Internet first came into existence, the storage market has become saturated, while the next stage of growth could be the data market that can serve as an effective increment, especially internet-based value storage data.

Thirdly, a lower barrier to entry makes the Claire Project more accessible to users. In the knowledge graph collaboration scenarios of Claire AI storage protocol, anyone can be a node on Claire by pledging a certain amount of CLRs (Claire tokens).

Fourthly, the information and data on the Internet are fragmented and mostly are based on small files and micro data generated by high-frequency micro collaborations. This is what Claire is meant for.

The Claire ecosystem is expanding steadily, bolstered by a series of industry chain ecosystems surrounding Claire such as mining machines, mines, mining pools, cloud computing power, cloud storage and cloud mining machines, all of which are gradually moving towards large-scale applications.

Taking into account the exponential growth of Internet knowledge graph data, ensuring data validity, security and efficient storage access will be a challenge that anyone interacting with the Internet will have to face in the transition from the ecological Internet to the value Internet. The launch of Claire also provides a pioneering reference for the next stage of the Internet’s evolution.

FXT to launch its DeFi staking platform after the success of FXT Token 4525

FXT – a company witnessing the remarkable success of its FXT Token – is geared to launch a DeFi staking platform. The platform will be built on Binance Smart Chain and will enable crypto enthusiasts across the globe to stake their BEP-20 FXT tokens in return for lucrative interest that will be given annually. The staking period will be divided into different vaults – each vault having specific days for which the users will be required to stake their FXT Tokens and the interest that will be earned by them.

Given these five vaults, users will be able to participate in multiple vaults. A user can stake a single vault multiple times. The earlier the staking, the higher will be the earning. FXT DeFi staking platform will be an opportunity for FXT Token holders to earn money by staking their assets. Those already holding FXT Tokens can capitalize on the opportunity to participate in the FXT DeFi staking platform to grow their funds. However, those who do not have FXT Tokens, but want to leverage the opportunity, can buy the Tokens from any of the top crypto sites, such as CoinMarketCap, Bilaxy, Fatbtc, and ProBit Exchange.

Beaxy Taps Blockdaemon for Node Infrastructure 3813

Blockdaemon

Digital asset exchange Beaxy today announced it has begun migrating operations to leading blockchain infrastructure provider Blockdaemon. Since its founding in 2017, Blockdaemon has grown rapidly toward becoming the de facto blockchain entry point for institutions and crypto platforms all the while garnering trust from custody providers, development teams, and exchanges. Its list of supported blockchain networks includes many of the major names in the industry such as ETH 2.0, Bitcoin, Polkadot, Solana, Cardano, the Lightning Network, and Cosmos. Blockdaemon has deployed more than 10,000 nodes and it’s infrastructure is being used indirectly by more than 25 million registered users worldwide.

Learn more about Beaxy’s new partnership.

Node management is one of the most critical infrastructure elements at any exchange. Persistent server uptime, data integrity, and redundant 100% reliable architectures are all essential to efficient operations. Blockdaemon specializes in these key components to such an extent that the company provides a guarantee to its customers against loss of funds and platform downtime.

Cooper Craighead, Beaxy’s Head of Customer Support, commented, “Up to this point all of the monitoring, updating, and adaptation to account for constantly changing security environments and hard forks had to be done in house at high cost. Blockdaemon’s node solution comes with 24/7 monitoring that will help us catch technical issues before they snowball into long maintenance periods. Anyone who has run even a single node on one network before will tell you – they’re resource hungry. Blockdaemon’s scaling cloud solution will allow our infrastructure to operate with less overhead making it lighter and faster.”

Having realized record trading volume in Q3, gaining the infrastructure backbone provided by an industry wunderkind like Blockdaemon will position Beaxy well for prolific user growth in the year ahead.

About Beaxy

Beaxy Exchange is headquartered in Chicago, Illinois, USA and is operated globally by Windy Inc. Windy Inc is registered with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN).

About Blockdaemon

Blockdaemon is the leading independent blockchain node infrastructure to stake, scale, and deploy nodes with institutional-grade security and monitoring. Supporting 40+ cutting edge blockchain networks in the cloud and on bare metal servers, Blockdaemon is used by exchanges, custodians, crypto platforms, financial institutions and developers to connect commercial stakeholders to blockchains.

Play-to-Earn Game from Polker (PKR) Listed on BitMart Exchange – Endorsed by Akon 4994

Polker

The Play-to-Earn NFT based Polker.Game‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. “Watch Akon’s Video Here“. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league.

What is Play-to-Earn?

Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved.

Play-to-Earn games are essentially free to play and open to anyone and everyone. By simply using the platform players can earn native platform tokens or NFTs – both of which have real-world value. Allowing players to earn tokens and NFTs that can be sold or traded has created a paradigm shift in online gaming – Polker is leading the way with the Play-to-Earn poker platform.

Why Polker.Game?

With Play-to-Earn blockchain gaming growing at an unprecedented pace, Polker.game is poised to change the world of online poker with its unique approach to gameplay. Since the chips used in Polker have no value – the game removes the gambling aspect of poker whilst maintaining prizes that have real-world value. Polker’s play-to-earn poker platform is about competition and skill instead of gambling. Although still in the early days, Polker NFTs have already sold for $10,000 (3.8ETH) on OpenSea.

Growth Potential of Polker (PKR)

With Akon supporting the platform and Polker’s play-to-earn poker platform being live, Polker and $PKR have a huge amount of growth potential. The fact that $PKR is now being listed on centralized exchange BitMart increases this potential massively.

The business model that Polker follows is similar to that of AXIE INFINITY (AXS) which has a fully diluted market cap of $19.4bn at the time of writing. Polker (PKR) currently has a fully diluted market cap of $40.2m. If PKR were to reach the same market cap as AXS then the current value would increase over 482x. Simply put, a $1000 investment in PKR today would be worth over $482,000 if Polker were to grow to the same market cap as AXIE INFINITY.

Even reaching half the market cap of AXS in the short-term which is a much more reasonable expectation would allow for a 24,000% increase in value – an ROI that is too good to miss out on for any investor, especially with Akon backing the platform.

Polker Listing on BitMart

Polker (PKR) is a cross-chain token with a functional bridge between Ethereum, Binance Smart Chain (BSC), and Tron – with a Polygon bridge under development. Until now, $PKR has only been tradeable on decentralized exchanges UniSwap, and PancakeSwap. Now listed on popular and centralized exchange BitMart, Polker (PKR) can be traded by a much larger demographic with the newly listed USDT-PKR pair.

With BitMart listing $PKR and Akon shouting out the play-to-earn poker platform offered by Polker the potential of this platform is unrivalled.

Website | Twitter | Telegram | Telegram Announcements | Facebook | Medium

Aave, Curve, PoolTogether, and Sushi Among Leading Ethereum DeFi Projects Joining Celo on DeFi for the People Collaboration 4122

Today, a consortium of leading Ethereum decentralized finance (DeFi) projects announced DeFi for the People, a collaboration of global crypto organizations united by a common goal: bringing DeFi to the 6 billion smartphone users around the world.

Built on Celo, the new initiative counts Aave, Curve, Sushi, PoolTogether, 0x, UMA, Valora, Ubeswap, and Moola Market among its founding partners. Education and infrastructure partners include Chainlink, RabbitHole, The Graph and Wrapped.com. This new program will offer more than $100 million in educational initiatives, grants, and incentives. The majority of program participants will jointly contribute half the funds for incentive programs.

Full product integrations with PoolTogether, Sushi, Moola Market, Ubeswap, and Valora are available now, with more launching soon. Starting today, rewards are available for PoolTogether on Celo, and incentive pools with other DeFi protocols and projects will be launching in the coming weeks and months. Also expected this fall is the launch of Optics, a gas-efficient interoperability protocol for cross-chain communication. With Optics, users will be able to easily move assets between Ethereum and Celo.

DeFi has experienced explosive growth in recent years, but has yet to gain widespread adoption. Of the roughly 5 million people around the world currently using DeFi applications, less than 10% live outside of developed countries. DeFi for the People aims to change that by bringing builders together to create products that make DeFi more accessible and easier to use for the people who need it most.

For billions of people, a mobile phone is their most important device and often their only access to the internet. Celo’s mobile-first platform—with over 1 million wallet addresses across 113 countries—presents a unique opportunity to bring the benefits of DeFi to anyone with a mobile phone. New real-world applications for DeFi with Celo are already underway.

Take for example in Colombia, where last year, at the outset of the pandemic, a pilot program provided unemployed individuals with undercollateralized micro loans on Celo. The loans enabled users to purchase motorized bicycles so they could deliver for Rappi. With access to the right equipment, some members of the pilot were able to double—and in some instances quadruple—their earnings. This is just one example of how DeFi can provide instant access to capital for millions of people, particularly for those in emerging markets where access to traditional financial services has been limited.

“DeFi for the People aims to make DeFi accessible to everyone by powering real-world use cases and focusing on mobile-first adoption,” said Rene Reinsberg, Co-Founder of Celo. “We’re excited to collaborate with the biggest projects in DeFi to bring more than 1 billion new users into the DeFi ecosystem over the next five years.”

Now Live: PoolTogether on Celo with $500,000 in Prizes
PoolTogether, an open source and decentralized protocol for no-loss prize savings, is now live on Celo with more than $500,000 in prizes. Users can deposit into PoolTogether on Celo for a chance to win prizes, and even if they don’t win, keep all their deposited money. This is possible because prizes are funded by the interest earned on deposits. PoolTogether is a unique “no lose lottery” because everyone who participates keeps their money.

“Research shows prize savings is one of the most important and effective on-ramps into savings for underbanked people. PoolTogether on Celo can facilitate crypto and DeFi adoption for the unbanked and users in developing markets who benefit most from low gas fees and fast transaction times,” said Leighton Cusak, Founder, PoolTogether.

Coming Soon

Aave on Celo with $20 Million Incentive Program
Aave, an open source and non-custodial liquidity protocol, is designed to enable users to earn yield on crypto assets supplied to the protocol, and to borrow assets. Suppliers earn yield by depositing digital assets into liquidity pools.

“The Aave protocol on Celo’s mobile-first platform has the potential to bring crypto to the 6 billion mobile phone users around the world, unlocking value on DeFi and making DeFi more accessible,” said Stani Kulechov, Founder and CEO of the Aave companies, the software development company that developed the Aave protocol.

Curve on Celo with $14 Million Incentive Program
Curve, an automated market maker (AMM) protocol, uses market-making algorithms to reinforce the liquidity of its markets, unlike traditional decentralized exchanges. Curve on Celo offers users a decentralized platform that allows users to trade and earn returns on their cryptocurrencies.

“Celo’s built-in stability mechanism makes it an exciting platform for payments that will drive greater stablecoin adoption. We are excited to help make mobile payments and DeFi mainstream,” said Julien Bouteloup, Curve Core Team.

Sushi on Celo with $10 Million Incentive Program
Sushi is a DeFi platform that facilitates trading, lending, and earning yield. Currently, Sushi users can trade assets with the Swap feature and provide liquidities on Celo with yield farming rewards and incentives coming soon. With Celo, Sushi users can benefit from faster transaction speeds and lower fees through secure and Ethereum-compatible transactions on Celo’s Proof-of-Stake (PoS) network.

“The Sushi AMM, Kashi lending, and other BentoBox products provide the necessary primitives needed for users to connect to a global and permissionless financial system. By leveraging Celo’s mobile-first product suite and UX that expands reach beyond crypto-natives, Sushi can drive this mission forward and take DeFi to the next frontier,” said Joseph Delong, CTO at Sushi.

Join DeFi for the People
DeFi for the People builds upon Celo’s mobile-first approach to make crypto and DeFi accessible for all. This is an open initiative for builders and entrepreneurs alike. Anyone interested in accelerating the adoption of crypto and DeFi in the real world is welcome to join.

To learn more about the movement, please visit https://www.defiforthepeople.org.

Calling All Builders: Hackathon with $1 Million in Prizes and Seed Funding
As part of its commitment to bringing crypto to mobile phones, DeFi for the People is hosting a hackathon in October with the goal of bringing more DeFi projects to Celo. Developers around the world are invited to build their projects on Celo, with $1 million in prizes and seed funding available for teams to jumpstart their projects. Learn more about the upcoming hackathon at https://www.defiforthepeople.org/#hackathon.

About Celo:
Celo is a mobile-first, open-source ecosystem of technologies, organizations and individuals that all share a common mission of building a financial system that creates the conditions for prosperity for everyone. The Celo ecosystem includes a decentralized, Proof-of-Stake blockchain technology stack (Celo Platform), a native asset (CELO), stablecoins (cUSD, cEUR), and the Celo Alliance for Prosperity, with over 150 organizations around the world, including Deutsche Telekom, PayU, Opera, Andreessen Horowitz, Anchorage, Coinbase, GSMA, Grameen Foundation, Prosegur, Abra, and cLabs, a service organization dedicated to growing and developing the Celo ecosystem. For more information, please visit: celo.org

ARNO Announces Second IEO Plans After the Great Success of First One 5359

ARNO

ARNO, the nanotechnology-based secondary energy storage service provider that also offers investment opportunities through its Defi Integration has completed the first IEO round with an overwhelming response. The project exists in the real world with a fully operational business model, making it an even better investment option in the Defi sector. At the moment, the ARNO Token project has started and continues the procedure for carrying out the IEO, which is primarily due to the collection exceeding the most optimistic forecasts during both pre-sale phases.

The first round of the IEO was quite successful and the second round began today. ARNO can still be purchased on the website. In the second round of IEO, which will also last a week, the cost of ARNO increased to $3 per token. After the IEO has passed, from August 29th, The project will begin preparations for the exchange listing procedure. Investments in ARNO Token are investments in the high-tech production of really necessary products. The profit of the project is guaranteed by the access to the invested funds and the physical growth of the volume of the project’s capitalization.

The ARNO project is preparing to distribute a little less than 900,000 ARNO tokens to investors’ wallets. Not all of them were sold – some of them are bonus and referral accruals, the AirDrop program, and Bounty, but we can say with confidence that the amount before IEO is more than 800,000 USD. Of this amount, about a quarter went to the IEO and listing procedures. Not only on those four exchanges where IEO will take place now – CoinsBit, P2PB2B, IndoEx, and VinDax, and this amount will increase by one and a half times, unfortunately – large exchanges take large amounts.

What Makes ARNO Investment Worthy?

ARNO has chosen a path less taken and developed a technology using carbon nanotubes to help exceed the battery life of existing lead-acid batteries. The project is working towards the creation of the production of secondary energy sources for industrial and home use based on lead-acid battery cells using carbon nanomaterials. The final product can then be used by technologists to store energy, improve efficiency, increase the capacity and life of the batteries, and more. Manufacturers of electronic products, hybrid vehicles, and power systems are also benefiting from the technical practice, which allows them to create more flexible and high-performance offerings for their end-users.

The project has started a series of development workshops and factories after gaining approval from the Bulgarian government. ART, Monbat (Bulgaria) 35%of which belongs to ARNO’s management company Advanced Carbon Materials (also Bulgaria), received the premises and customs documents, as well as a complete line for dispersion and activation carbon nanomaterials. ART Monbat received the first batch of 135 kilograms of consumables, which will allow, after assembly and start-up and commissioning works immediate start production of products, as planned according to the Roadmap. The products will immediately go for approbation and certification to the parent enterprise for the production of lead-acid batteries.

As soon as the exchanges are ready, users will have the opportunity to withdraw tokens to your personal exchange wallets and these quantities will be honestly displayed. ARNO’s project uses the principles of a decentralized financial market and placement on cryptocurrency exchanges of various structures, so anyone can exchange the ARNO token for another cryptocurrency or real funds. The project began with the creation of supercapacitors with aqueous electrolytes and various installations based on such supercapacitors. Even though the project was crowned with complete success, industrial production did not develop for a simple reason – such devices, despite all their advantages in terms of simplicity of design, safety in handling and during recycling, nevertheless turned out (which is understandable) less capacious and more massive than the supercapacitors we are used to.

The Future Ahead

Once the ARNO token is added to the exchanges, the project team will put up a certain quantity of tokens for auction, and when the tokens are bought by the participants, the team will stop the cryptocurrency input on the present platform for a year. The auction is held by the traders not bearing a relation to the developers. future businesses plan to deliver a broad range of products and solutions to customers in every corner of the globe, serving key industries such as transportation, infrastructure, environment, and consumer. We provide performance solutions that solve customers’ challenges today while preparing them to meet tomorrow’s needs. ARNO’s commitment to innovation is driven by a passion to advance the customers’ businesses through deep understanding of their industries and the global trends that impact their operations.

Operating expenses accounted for more than half of the amount collected during pre-sales. But most (90% approximately) of operating costs are contracts for the design, manufacture, and supply of equipment for the production of carbon nanomaterials. ARNO currently has about 20,000 EURO in the account of the management company and about 120,000 EURO in cryptocurrency (in terms of and at the rate, of course). This is exactly how much we exceeded the most optimistic sales forecasts.

Stay Updated, Follow ARNO on:

Twitter | Telegram | Facebook | Linkedin | Instagram | Youtube