2020 Guide to the 10+ Best Bitcoin Dice Sites Expert ...

Ultimate glossary of crypto currency terms, acronyms and abbreviations

I thought it would be really cool to have an ultimate guide for those new to crypto currencies and the terms used. I made this mostly for beginner’s and veterans alike. I’m not sure how much use you will get out of this. Stuff gets lost on Reddit quite easily so I hope this finds its way to you. Included in this list, I have included most of the terms used in crypto-communities. I have compiled this list from a multitude of sources. The list is in alphabetical order and may include some words/terms not exclusive to the crypto world but may be helpful regardless.
2FA
Two factor authentication. I highly advise that you use it.
51% Attack:
A situation where a single malicious individual or group gains control of more than half of a cryptocurrency network’s computing power. Theoretically, it could allow perpetrators to manipulate the system and spend the same coin multiple times, stop other users from completing blocks and make conflicting transactions to a chain that could harm the network.
Address (or Addy):
A unique string of numbers and letters (both upper and lower case) used to send, receive or store cryptocurrency on the network. It is also the public key in a pair of keys needed to sign a digital transaction. Addresses can be shared publicly as a text or in the form of a scannable QR code. They differ between cryptocurrencies. You can’t send Bitcoin to an Ethereum address, for example.
Altcoin (alternative coin): Any digital currency other than Bitcoin. These other currencies are alternatives to Bitcoin regarding features and functionalities (e.g. faster confirmation time, lower price, improved mining algorithm, higher total coin supply). There are hundreds of altcoins, including Ether, Ripple, Litecoin and many many others.
AIRDROP:
An event where the investors/participants are able to receive free tokens or coins into their digital wallet.
AML: Defines Anti-Money Laundering laws**.**
ARBITRAGE:
Getting risk-free profits by trading (simultaneous buying and selling of the cryptocurrency) on two different exchanges which have different prices for the same asset.
Ashdraked:
Being Ashdraked is essentially a more detailed version of being Zhoutonged. It is when you lose all of your invested capital, but you do so specifically by shorting Bitcoin. The expression “Ashdraked” comes from a story of a Romanian cryptocurrency investor who insisted upon shorting BTC, as he had done so successfully in the past. When the price of BTC rose from USD 300 to USD 500, the Romanian investor lost all of his money.
ATH (All Time High):
The highest price ever achieved by a cryptocurrency in its entire history. Alternatively, ATL is all time low
Bearish:
A tendency of prices to fall; a pessimistic expectation that the value of a coin is going to drop.
Bear trap:
A manipulation of a stock or commodity by investors.
Bitcoin:
The very first, and the highest ever valued, mass-market open source and decentralized cryptocurrency and digital payment system that runs on a worldwide peer to peer network. It operates independently of any centralized authorities
Bitconnect:
One of the biggest scams in the crypto world. it was made popular in the meme world by screaming idiot Carlos Matos, who infamously proclaimed," hey hey heeeey” and “what's a what's a what's up wasssssssssuuuuuuuuuuuuup, BitConneeeeeeeeeeeeeeeeeeeeeeeect!”. He is now in the mentally ill meme hall of fame.
Block:
A package of permanently recorded data about transactions occurring every time period (typically about 10 minutes) on the blockchain network. Once a record has been completed and verified, it goes into a blockchain and gives way to the next block. Each block also contains a complex mathematical puzzle with a unique answer, without which new blocks can’t be added to the chain.
Blockchain:
An unchangeable digital record of all transactions ever made in a particular cryptocurrency and shared across thousands of computers worldwide. It has no central authority governing it. Records, or blocks, are chained to each other using a cryptographic signature. They are stored publicly and chronologically, from the genesis block to the latest block, hence the term blockchain. Anyone can have access to the database and yet it remains incredibly difficult to hack.
Bullish:
A tendency of prices to rise; an optimistic expectation that a specific cryptocurrency will do well and its value is going to increase.
BTFD:
Buy the fucking dip. This advise was bestowed upon us by the gods themselves. It is the iron code to crypto enthusiasts.
Bull market:
A market that Cryptos are going up.
Consensus:
An agreement among blockchain participants on the validity of data. Consensus is reached when the majority of nodes on the network verify that the transaction is 100% valid.
Crypto bubble:
The instability of cryptocurrencies in terms of price value
Cryptocurrency:
A type of digital currency, secured by strong computer code (cryptography), that operates independently of any middlemen or central authoritie
Cryptography:
The art of converting sensitive data into a format unreadable for unauthorized users, which when decoded would result in a meaningful statement.
Cryptojacking:
The use of someone else’s device and profiting from its computational power to mine cryptocurrency without their knowledge and consent.
Crypto-Valhalla:
When HODLers(holders) eventually cash out they go to a place called crypto-Valhalla. The strong will be separated from the weak and the strong will then be given lambos.
DAO:
Decentralized Autonomous Organizations. It defines A blockchain technology inspired organization or corporation that exists and operates without human intervention.
Dapp (decentralized application):
An open-source application that runs and stores its data on a blockchain network (instead of a central server) to prevent a single failure point. This software is not controlled by the single body – information comes from people providing other people with data or computing power.
Decentralized:
A system with no fundamental control authority that governs the network. Instead, it is jointly managed by all users to the system.
Desktop wallet:
A wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins.
DILDO:
Long red or green candles. This is a crypto signal that tells you that it is not favorable to trade at the moment. Found on candlestick charts.
Digital Signature:
An encrypted digital code attached to an electronic document to prove that the sender is who they say they are and confirm that a transaction is valid and should be accepted by the network.
Double Spending:
An attack on the blockchain where a malicious user manipulates the network by sending digital money to two different recipients at exactly the same time.
DYOR:
Means do your own research.
Encryption:
Converting data into code to protect it from unauthorized access, so that only the intended recipient(s) can decode it.
Eskrow:
the practice of having a third party act as an intermediary in a transaction. This third party holds the funds on and sends them off when the transaction is completed.
Ethereum:
Ethereum is an open source, public, blockchain-based platform that runs smart contracts and allows you to build dapps on it. Ethereum is fueled by the cryptocurrency Ether.
Exchange:
A platform (centralized or decentralized) for exchanging (trading) different forms of cryptocurrencies. These exchanges allow you to exchange cryptos for local currency. Some popular exchanges are Coinbase, Bittrex, Kraken and more.
Faucet:
A website which gives away free cryptocurrencies.
Fiat money:
Fiat currency is legal tender whose value is backed by the government that issued it, such as the US dollar or UK pound.
Fork:
A split in the blockchain, resulting in two separate branches, an original and a new alternate version of the cryptocurrency. As a single blockchain forks into two, they will both run simultaneously on different parts of the network. For example, Bitcoin Cash is a Bitcoin fork.
FOMO:
Fear of missing out.
Frictionless:
A system is frictionless when there are zero transaction costs or trading retraints.
FUD:
Fear, Uncertainty and Doubt regarding the crypto market.
Gas:
A fee paid to run transactions, dapps and smart contracts on Ethereum.
Halving:
A 50% decrease in block reward after the mining of a pre-specified number of blocks. Every 4 years, the “reward” for successfully mining a block of bitcoin is reduced by half. This is referred to as “Halving”.
Hardware wallet:
Physical wallet devices that can securely store cryptocurrency maximally. Some examples are Ledger Nano S**,** Digital Bitbox and more**.**
Hash:
The process that takes input data of varying sizes, performs an operation on it and converts it into a fixed size output. It cannot be reversed.
Hashing:
The process by which you mine bitcoin or similar cryptocurrency, by trying to solve the mathematical problem within it, using cryptographic hash functions.
HODL:
A Bitcoin enthusiast once accidentally misspelled the word HOLD and it is now part of the bitcoin legend. It can also mean hold on for dear life.
ICO (Initial Coin Offering):
A blockchain-based fundraising mechanism, or a public crowd sale of a new digital coin, used to raise capital from supporters for an early stage crypto venture. Beware of these as there have been quite a few scams in the past.
John mcAfee:
A man who will one day eat his balls on live television for falsely predicting bitcoin going to 100k. He has also become a small meme within the crypto community for his outlandish claims.
JOMO:
Joy of missing out. For those who are so depressed about missing out their sadness becomes joy.
KYC:
Know your customer(alternatively consumer).
Lambo:
This stands for Lamborghini. A small meme within the investing community where the moment someone gets rich they spend their earnings on a lambo. One day we will all have lambos in crypto-valhalla.
Ledger:
Away from Blockchain, it is a book of financial transactions and balances. In the world of crypto, the blockchain functions as a ledger. A digital currency’s ledger records all transactions which took place on a certain block chain network.
Leverage:
Trading with borrowed capital (margin) in order to increase the potential return of an investment.
Liquidity:
The availability of an asset to be bought and sold easily, without affecting its market price.
of the coins.
Margin trading:
The trading of assets or securities bought with borrowed money.
Market cap/MCAP:
A short-term for Market Capitalization. Market Capitalization refers to the market value of a particular cryptocurrency. It is computed by multiplying the Price of an individual unit of coins by the total circulating supply.
Miner:
A computer participating in any cryptocurrency network performing proof of work. This is usually done to receive block rewards.
Mining:
The act of solving a complex math equation to validate a blockchain transaction using computer processing power and specialized hardware.
Mining contract:
A method of investing in bitcoin mining hardware, allowing anyone to rent out a pre-specified amount of hashing power, for an agreed amount of time. The mining service takes care of hardware maintenance, hosting and electricity costs, making it simpler for investors.
Mining rig:
A computer specially designed for mining cryptocurrencies.
Mooning:
A situation the price of a coin rapidly increases in value. Can also be used as: “I hope bitcoin goes to the moon”
Node:
Any computing device that connects to the blockchain network.
Open source:
The practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone.
OTC:
Over the counter. Trading is done directly between parties.
P2P (Peer to Peer):
A type of network connection where participants interact directly with each other rather than through a centralized third party. The system allows the exchange of resources from A to B, without having to go through a separate server.
Paper wallet:
A form of “cold storage” where the private keys are printed onto a piece of paper and stored offline. Considered as one of the safest crypto wallets, the truth is that it majors in sweeping coins from your wallets.
Pre mining:
The mining of a cryptocurrency by its developers before it is released to the public.
Proof of stake (POS):
A consensus distribution algorithm which essentially rewards you based upon the amount of the coin that you own. In other words, more investment in the coin will leads to more gain when you mine with this protocol In Proof of Stake, the resource held by the “miner” is their stake in the currency.
PROOF OF WORK (POW) :
The competition of computers competing to solve a tough crypto math problem. The first computer that does this is allowed to create new blocks and record information.” The miner is then usually rewarded via transaction fees.
Protocol:
A standardized set of rules for formatting and processing data.
Public key / private key:
A cryptographic code that allows a user to receive cryptocurrencies into an account. The public key is made available to everyone via a publicly accessible directory, and the private key remains confidential to its respective owner. Because the key pair is mathematically related, whatever is encrypted with a public key may only be decrypted by its corresponding private key.
Pump and dump:
Massive buying and selling activity of cryptocurrencies (sometimes organized and to one’s benefit) which essentially result in a phenomenon where the significant surge in the value of coin followed by a huge crash take place in a short time frame.
Recovery phrase:
A set of phrases you are given whereby you can regain or access your wallet should you lose the private key to your wallets — paper, mobile, desktop, and hardware wallet. These phrases are some random 12–24 words. A recovery Phrase can also be called as Recovery seed, Seed Key, Recovery Key, or Seed Phrase.
REKT:
Referring to the word “wrecked”. It defines a situation whereby an investor or trader who has been ruined utterly following the massive losses suffered in crypto industry.
Ripple:
An alternative payment network to Bitcoin based on similar cryptography. The ripple network uses XRP as currency and is capable of sending any asset type.
ROI:
Return on investment.
Safu:
A crypto term for safe popularized by the Bizonnaci YouTube channel after the CEO of Binance tweeted
“Funds are safe."
“the exchage I use got hacked!”“Oh no, are your funds safu?”
“My coins better be safu!”


Sats/Satoshi:
The smallest fraction of a bitcoin is called a “satoshi” or “sat”. It represents one hundred-millionth of a bitcoin and is named after Satoshi Nakamoto.
Satoshi Nakamoto:
This was the pseudonym for the mysterious creator of Bitcoin.
Scalability:
The ability of a cryptocurrency to contain the massive use of its Blockchain.
Sharding:
A scaling solution for the Blockchain. It is generally a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds.
Shitcoin:
Coin with little potential or future prospects.
Shill:
Spreading buzz by heavily promoting a particular coin in the community to create awareness.
Short position:
Selling of a specific cryptocurrency with an expectation that it will drop in value.
Silk road:
The online marketplace where drugs and other illicit items were traded for Bitcoin. This marketplace is using accessed through “TOR”, and VPNs. In October 2013, a Silk Road was shut down in by the FBI.
Smart Contract:
Certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights.
Software Wallet:
A crypto wallet that exists purely as software files on a computer. Usually, software wallets can be generated for free from a variety of sources.
Solidity:
A contract-oriented coding language for implementing smart contracts on Ethereum. Its syntax is similar to that of JavaScript.
Stable coin:
A cryptocoin with an extremely low volatility that can be used to trade against the overall market.
Staking:
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards.
Surge:
When a crypto currency appreciates or goes up in price.
Tank:
The opposite of mooning. When a coin tanks it can also be described as crashing.
Tendies
For traders , the chief prize is “tendies” (chicken tenders, the treat an overgrown man-child receives for being a “Good Boy”) .
Token:
A unit of value that represents a digital asset built on a blockchain system. A token is usually considered as a “coin” of a cryptocurrency, but it really has a wider functionality.
TOR: “The Onion Router” is a free web browser designed to protect users’ anonymity and resist censorship. Tor is usually used surfing the web anonymously and access sites on the “Darkweb”.
Transaction fee:
An amount of money users are charged from their transaction when sending cryptocurrencies.
Volatility:
A measure of fluctuations in the price of a financial instrument over time. High volatility in bitcoin is seen as risky since its shifting value discourages people from spending or accepting it.
Wallet:
A file that stores all your private keys and communicates with the blockchain to perform transactions. It allows you to send and receive bitcoins securely as well as view your balance and transaction history.
Whale:
An investor that holds a tremendous amount of cryptocurrency. Their extraordinary large holdings allow them to control prices and manipulate the market.
Whitepaper:

A comprehensive report or guide made to understand an issue or help decision making. It is also seen as a technical write up that most cryptocurrencies provide to take a deep look into the structure and plan of the cryptocurrency/Blockchain project. Satoshi Nakamoto was the first to release a whitepaper on Bitcoin, titled “Bitcoin: A Peer-to-Peer Electronic Cash System” in late 2008.
And with that I finally complete my odyssey. I sincerely hope that this helped you and if you are new, I welcome you to crypto. If you read all of that I hope it increased, you in knowledge.
my final definition:
Crypto-Family:
A collection of all the HODLers and crypto fanatics. A place where all people alike unite over a love for crypto.
We are all in this together as we pioneer the new world that is crypto currency. I wish you a great day and Happy HODLing.
-u/flacciduck
feel free to comment words or terms that you feel should be included or about any errors I made.
Edit1:some fixes were made and added words.
submitted by flacciduck to CryptoCurrency [link] [comments]

I have some questions, I'm new to the Bitcoin business

I'm actually tried to get some free bitcoins to see if this business is good to invest, however the price of bitcoin got really high, 1 bitcoin is 72754,12 Real (I'm from Brazil) so it's cost way too much for me to invest without knowing if it's safe
I made a account in Coinbase to use as a wallet, and started using CoinPot to mine bitcoin and use faucet like Bonus Bitcoins and I also made an account in freebitcoin
How bad did I started? Is there a recommendation of what I should do ?
What is an offline wallet ? Should I get one if i continue ?
Is earning free bitcoins actually a trap ? I read all the terms and contract of privacy in these sites to see, they are unexplained short
submitted by Centurionzo to BitcoinBeginners [link] [comments]

How to Convert Reddit MOONS to Dai (and then Ethereum, Bitcoin, fiat etc)

There are already good resources out there such as:
https://medium.com/dappworks/full-guide-convert-reddits-moon-cryptocurrency-into-e349ec1992d0#:~:text=Click%20on%20arrow%20button%20in,Click%20%E2%80%9CSEND%20MOONS%E2%80%9D
Hopefully, the guide below can help fill in any blanks or give you an alternate route. Please note this is a long and fairly complex process and runs the risk of loosing MOONs and small amounts of Ethereum and Dai which are used in the transfer process. I take no responsibility for individuals using this guide and it is up to you to research other resources and do your due diligence.

  1. Post engaging content, comments or memes...
  2. Hope that you get upvotes
  3. The more upvotes you get, the more MOONS (a cryptocurrency token) at the end of the month you get
  4. These MOONS are tokens on the Rinkeby Test Network, not the main Ethereum blockchain
  5. Now time to convert these MOONS to Ethereum, Bitcoin, fiat etc
  6. Please note that I am not responsible for any loss of funds beyond this point to proceed with caution!!!
  7. You will want to link your reddit MOONS account to a Metamask account
  8. Download Metamask if you haven't already (it's a Chrome app)
  9. Find out the seed phrase for your Reddit Moons Wallet (don't share this with anyone and keep it safe!). Do this by opening the reddit app and clicking on 'Vault' on the left hand menu
  10. Then click the three little dots next to Vault (at the top)
  11. Now click Recovery Phrase
  12. Write this down with pen and paper
  13. Now open Metamask and import your seed phrase to link the account (Note that your MOONS will probably not appear yet, will get to that later)
  14. Next up we are going to want to go to the exchange where we can swap our MOON tokens for Eth (although it is not as straightforward a process as you might think)
  15. https://xmoon.exchange/
  16. You will see that this exchange has three sections. The first allows us to exchange MOONS (on the Rinkeby blockchain) to XMOONS (on the XDai blockchain, where Gas fees are paid in XDai rather than Eth). The second section allows us to exchange XMOONS for XDai. The third section allows us to exchange XDai for good old fashioned Ethereum (on the actual Ethereum blockchain).
  17. Before we get started with any exchanging, we need to configure metamask a bit.
  18. First up we are going to make Metamask show the MOONS that we have. To do this, change the network from 'Main Ethereum Network' to 'Rinkeby Test Network' at the top dropdown menu. Now click 'Add Token' and custom token. Now input the following:
  19. Token contract address: 0xDF82c9014F127243CE1305DFE54151647d74B27A
  20. Click next once
  21. Now click back (weird I know)
  22. In the decimals of precision enter 18
  23. You should now be able to see the correct number of MOONS and this should match the amount you saw on your vault in Reddit
  24. In preparation for later we are also going to want to add the xDai network to our metamask
  25. To do this click on that drop down at the top of top of metamask again and click Custom RPC
  26. Now enter exactly what is shown here https://www.xdaichain.com/for-users/wallets/metamask/metamask-setup
  27. Still with me? Now we are going to get to exchanging
  28. Switch metamask back to Rinkeby Test Network and on xmoon.exchange click 'connect' and follow the instructions shown on metamask
  29. We are also going to need some Rinkeby Ethereum (don't worry it's free since its just a test network, go to https://faucet.rinkeby.io/ to get some (don't need much)
  30. Now click MOON to xMOON and convert the amount you want to!
  31. This process can take quite a while (took me 30 mins) so grab a coffee
  32. To check if you have xMOONs now, change your metamask over to xDai network
  33. They should appear on the xmoon.exchange site
  34. Next we want to convert these xMoon's into xDai, however, we have to have some xDai in there in the first place to pay for the gas (remember that this xDai blockchain uses xDai to pay for gas not Eth!). To do this, buy some Dai (20 USD should do) in your favourite way (normal exchange, DeFi, etc.) and transfer it to your Metamask account Eth account (ON THE MAIN ETHEREUM BLOCKCHAIN, DON'T USE RINKEBY!). Also transfer around 10 USD worth of Eth to your metamask to cover any gas fees on the Main Ethereum Blockchain side of things.
  35. Great, now while keeping Metamask on the Main Ethereum Blockchain, click DAI to xDAI and convert around10-20 USD.
  36. Once this xDai has shown up (again could take a while), switch metamask back over to xDai blockchain and click xMOON to xDai (this should be fairly quick)
  37. Now click xDai to Dai (might take a while again, don't panic like I did!)
  38. You should now have Dai on the Ethereum blockchain held in your metamask (which you can see once you switch metamask back over to Main Ethereum)
  39. Feel free now to do with the Dai whatever you wish! Send to an exchange and swap to BTC or Eth, keep a hold of in metamask etc etc

Please feel free to offer comments and corrections in the comments :)

Edit 1: Typo fix!
submitted by christophertacon to CryptoCurrency [link] [comments]

Why i’m bullish on Zilliqa (long read)

Edit: TL;DR added in the comments
 
Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analyzed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk-reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralized and scalable in my opinion.
 
Below I post my analysis of why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise, just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction
 
The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since the end of January 2019 with daily transaction rates growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralized and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. The maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realized early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralized, secure, and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in the amount of nodes. More nodes = higher transaction throughput and increased decentralization. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue dissecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour, no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts, etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as: “A peer-to-peer, append-only datastore that uses consensus to synchronize cryptographically-secure data”.
 
Next, he states that: "blockchains are fundamentally systems for managing valid state transitions”. For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber, and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa, this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network, etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever-changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralized and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimization on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and the University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (66%) double-spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT, etc. Another thing we haven’t looked at yet is the amount of decentralization.
 
Decentralisation
 
Currently, there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so-called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralized nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics, you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching its transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end-users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public. They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public-facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers. The 5% block rewards with an annual yield of 10.03% translate to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non-custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS; shard nodes and seed nodes becoming more decentralized too, Zilliqa qualifies for the label of decentralized in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. The faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time-stamped so you’ll start right away with a platform introduction, roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalized: programming languages can be divided into being ‘object-oriented’ or ‘functional’. Here is an ELI5 given by software development academy: * “all programs have two basic components, data – what the program knows – and behavior – what the program can do with that data. So object-oriented programming states that combining data and related behaviors in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behavior are different things and should be separated to ensure their clarity.” *
 
Scilla is on the functional side and shares similarities with OCaml: OCaml is a general-purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognized by academics and won a so-called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise, it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts, it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa or Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue: In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships
 
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organizations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggests that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already take advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, Airbnb, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are built on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human-readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They don't just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data, it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community-run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non-custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiative (correct me if I’m wrong though). This suggests in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real-time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding of what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures, Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
submitted by haveyouheardaboutit to CryptoCurrency [link] [comments]

Earn free CRYPTO today! (Additional rewards in BRAVE BROWSER)

Want to earn free cryptos in the comfort of your home? Or anywhere?Then, cryptocurrency faucets could be your thing!
The thing is, in these hard times, having an extra money would not hurt, especially in cryptocurrency. To maximize your earnings, you could use all of the suggested cryptocurrencies here.

FREE, SAFE, AND GUARANTEED CRYPTOCURRENCY FAUCETS (2020):
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- Referral Payouts
2) Pipeflare [Referral/None]Pipeflare is my most recommended. It is used in many games and blockchain technology, making it the most trusted cryptocurrency faucet. Also:
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3) Horizen [Referral/None] It currently holds ZEN cryptocoin. Currently, it has more nodes in the blockchain than Bitcoin (BTC), which means it could earn potential high value in future ~ just like bitcoin!! Aside from that:
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To multiply your rewards above, download Brave Browser ( https://brave.com/ ).
Feel free to DM me about anything on this post. Happy earnings! :) $$
submitted by girthy-rmt to beermoneyph [link] [comments]

Investing Online with Crypto: "Clixcoin"

Clixcoin, an Advertsing Faucet in which to invest online with crypto even for those with very little financial availability.
First article of the month dedicated to advertising, now an increasingly predominant type in the sector of cryptocurrency faucet sites.
Clixcoin, this is the name of the site, already has over a year of life behind it and at the time of writing we can consider it among the reliable sites. Thanks to our article, investing online with crypto on Clixcoin will become easy with the first steps.

After logging in, you will immediately see the introductory page which in the center shows 2 main buttons: My account, which leads to the Dashboard, and Learn More which leads to the F.A.Q. page.
At the top we have a menu that will be repeated in the Dashboard and that we will then describe later. Scrolling down the classic general information is displayed: last transfers, number of subscribers, main functions, etc ...

Your Clixcoin account.
By selecting My Account, the main screen will appear consisting of a menu bar and all the details relating to your account.
The menu is divided as follows:


- Dashboard: where are you now


- Earn Bitcoin: the section that allows you to earn cryptocurrencies. Divided into 4 categories: Surf Ads, for which it will be sufficient to leave the page open until the timer expires; Active Windows Ads, with which you are forced to keep the page displayed on the screen open until the timer expires; Auto Surf Ads, with which you will earn a small amount of Satoshi by automatically letting some advertising pages scroll; Paid to Promote, where you will earn money by advertising Clixcoin using a link provided by the site. You can use it in combination with the many banners available.


- Contest: the classic competitions that in this case reward those who get the most earnings from Referrals or Paid To Promote.


- Miner: in this section you can buy a mining package by choosing from four different categories based on cost and power. You can buy as many packages as you want and each will last for 30 days. The accumulated Coins will later be convertible into Satoshi Bitcoin.

Let's explore how to invest in advertising through crypto.

- Advertisers: the section dedicated to advertising campaigns. Divided into four categories identical to those seen in Earn Bitcoin. The available options will allow you to enter title, URL, duration, description and activation after approval. Each campaign has a standard cost that will increase based on the duration of the individual advertisements. More accessible in terms of costs than other advertising sites.


- Membership: as seen in other similar sites, it is possible to increase your membership level (divided into 4 levels) upon payment of a subscription. Going up in level will increase the percentage of earnings related to their clicks and those of their subscribers as well as a percentage on their purchases in the miner section and their level upgrade.


- Referrals: all your referrals will be listed in my referrals including statistics and earnings obtained. In my referral link, your referral URL and a wide choice of banners of various sizes are provided together with the pre-compiled HTML code to be included on your sites.


- History: lists all deposits made and cryptocurrency transfers to your wallets. The minimum threshold is currently set at 40000 Satoshi.


- Settings: here you will be given the opportunity to decide whether to show your nickname during contests, to your subscribers and in transfers. You can change your password and your personal or FaucetPay Bitcoin address.


Still on the Dashboard ...
Returning to the Dashboard, let's quickly spend a few words on its content even if it is already repeated almost completely in the menu just described.
In succession we have:


- Main Balance which displays the total accumulated Satoshi. The Withdraw button will send directly to the transfers section.


- Advertising Balance, with its deposit button, which displays the amount dedicated to the advertising section.


- Referrals, shows the number of personal referrals and a button that opens a page showing all the clicks made by you and your referrals.


- PTP, same as above but concerning the Paid to Promote. A button will send you to the dedicated page.


- Offers and Games, not yet active.
- Membership, your current rank.
- Ads Surfed, the clicks made by you and your subscribers.
- Earnings, the Satoshi earned by you and your subscribers.

Finally, a graph showing your and your subscribers' clicks made in the last 7 days. As you have read, investing online with crypto in the advertising market is safe and does not require large investments.

See you soon for a new article!

If you liked this article and would like to contribute with a donation:

Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z
Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7
Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK
Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI
Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf

By: cryptoall.it
Telegram Channel: t.me/giulo75
Netbox Browser: https://netbox.global/PZn5A
submitted by Giulo75 to u/Giulo75 [link] [comments]

Invest your crypto with “BtcVic” Advertising Faucet

Thanks to the advertising faucets, invest your crypto earned in a safe and profitable way.
And here we are at the second of the three articles dedicated to Advertising. BtcVic compared to the other two presents itself in a simpler and cleaner way and if you invest your crypto in the advertising circuit you will meet certain future satisfaction. The options are fewer but still more than satisfactory.

After verifying the email address, the main screen will only show a menu bar at the top. The first item, View Ads, is the most important and will allow you to earn small amounts of cryptocurrencies simply by viewing a list of advertising pages for a few seconds.


The second item, FAQ, needs no introduction and neither does the third, Contact, which will put you in direct contact with the site administration.


Below is a quick link, Purchase Ads from Balance!, Thanks to which you will activate a personalized advertising campaign. Only the Title, URL of your site and advertising duration are required. On the next page you can change the cryptocurrencies to invest.

Your cryptocurrency balance offers a wide choice of options!
By clicking on the BTC value at the top right you will access your account details. Nicks, links to change the Bitcoin address, registration date, number of views, last click date, total funds, links to transfers and links to the payment history are shown. The minimum threshold is set at 10,000 Satoshi and there are no commissions to pay.
Below, your Referral URL which guarantees a 50% bonus on every earnings obtained by your subscribers, the number of your referrals, the total of their clicks and that of the earnings obtained.

On the right you will also find on this site, as in the previous one, 2 ready-to-use banners provided with pre-compiled HTML code.
Here we say goodbye and make an appointment for the last (of the 3) article dedicated to Advertising.


If you liked this article and would like to contribute with a donation:

Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z
Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7
Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK
Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI
Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf
By: cryptoall.it Telegram Channel: t.me/giulo75 Netbox Browser: https://netbox.global/PZn5A
submitted by Giulo75 to u/Giulo75 [link] [comments]

Earning Cryptocurrencies with Faucet Autoclaim: "AutoFaucet"

Autofaucet returns improved and more user-friendly. Earning free cryptocurrencies with autoclaim faucets will be even faster.
AutoFaucet is an automatic Faucet site (AutoClaim). Following the changes in FaucetHub, the site has been completely renovated. It covers 17 cryptocurrencies, including now Bitcoin, and allows you to transfer balances to personal wallets registered on Express Crypto and FaucetPay. This means that you will not have to enter an address for each cryptocurrency but only your E.C.ID. and the address used to register on FaucetPay. As seen previously, to earn cryptocurrencies with Faucet Autoclaim we rely on a large number of cryptocurrencies. In the future, direct transfer to personal wallets will also be integrated.


After logging in, you will find yourself in the main Dashboard. At the top right you will always see your user level, the progress to reach the next one and the bonus level reached. Scrolling down the page you will see all the cryptocurrencies that you can earn. On the left, we have the main menu which we will describe shortly.

earn cryptocurrencies faucet autoclaim
- Given that the site is still under construction, we will try to explain its features in the best possible way even if not all sections are functional. The menu is divided as follows:


- Dashboard, just described


- Free Token, section in which you will have to accumulate the Faucet Tokens (FCT) that will be used to power the Autofaucet and the Manual Faucet in the next section. Currently only the Shortlinks are active but in the future mining, the classic offerwalls and the daily bonus will be activated.

earn cryptocurrencies faucet autoclaim

- Faucet, the main soul of the site, is divided into Autofaucet and Manual Faucet. By selecting the first mode, you will have the possibility to choose between the following options: type of cryptocurrency, destination of the funds, duration of the autoclaim (the longer it is, the greater the amount of cryptocurrencies earned), speed of payment (the higher the multiplier, the higher the FCT consumed).


Two Faucets in one site!

The second mode is the classic faucet in which you will have to select the type of cryptocurrency and Captcha. At the top you will always be shown the amount of FCT available and for the Manual Faucet also the number of claims that can be made.

earn cryptocurrencies faucet autoclaim
- Games and Exchange, not yet active.


- Witdraw, in which we will be free to transfer the cryptocurrencies earned for free to the E.C. or FaucetPay. At the top, in addition to the Withdraw item, we have Recover old balances (which allows you to retrieve any balances from the old site), History (shows the transfer history), Settings (where you can enter the EC ID and FaucetPay address) . Returning to Withdraw: select the desired cryptocurrency, the destination of the funds (E.C. or FaucetPay), the amount to be sent and the captcha. Press Withdrawal and the amount of cryptocurrencies earned will be immediately transferred.

earn cryptocurrencies faucet autoclaim
- Referral, a section dedicated to its members who will earn you 20% for each claim made. In addition to your referral URL, the number of your subscribers will be shown and in the future banners will be selectable to use on your personal site.


- Help, the unmissable section dedicated to assistance where you can open a Ticket in case you encounter problems or malfunctions.


- Settings, for any password change.

And with that, that's all. We can safely say that AutoFaucet has made a very high level restyling, with the addition of new features that make it more viable and that will increase the possibility of earning free cryptocurrencies!

See you soon for the next article!


If you liked this article and would like to contribute with a donation:

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Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7
Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK
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By: cryptoall.it
Telegram Channel: t.me/giulo75
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Why i’m bullish on Zilliqa (long read)

Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analysed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralised and scalable in my opinion.
 
Below I post my analysis why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since end of January 2019 with daily transaction rate growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralised and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. Maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realised early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralised, secure and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in amount of nodes. More nodes = higher transaction throughput and increased decentralisation. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue disecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as:
“A peer-to-peer, append-only datastore that uses consensus to synchronise cryptographically-secure data”.
 
Next he states that: >“blockchains are fundamentally systems for managing valid state transitions”.* For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralised and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimisation on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (>66%) double spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT etc. Another thing we haven’t looked at yet is the amount of decentralisation.
 
Decentralisation
 
Currently there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralised nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching their transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public.They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers.The 5% block rewards with an annual yield of 10.03% translates to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS & shard nodes and seed nodes becoming more decentralised too, Zilliqa qualifies for the label of decentralised in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. Faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time stamped so you’ll start right away with a platform introduction, R&D roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalised: programming languages can be divided into being ‘object oriented’ or ‘functional’. Here is an ELI5 given by software development academy: > “all programmes have two basic components, data – what the programme knows – and behaviour – what the programme can do with that data. So object-oriented programming states that combining data and related behaviours in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behaviour are different things and should be separated to ensure their clarity.”
 
Scilla is on the functional side and shares similarities with OCaml: > OCaml is a general purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognised by academics and won a so called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities safety is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa for Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue:
In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships  
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organisations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggest that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already taking advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, AirBnB, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are build on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”*
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They dont just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities) also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiatives (correct me if I’m wrong though). This suggest in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures & Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
submitted by haveyouheardaboutit to CryptoCurrency [link] [comments]

Gamble Crypto on Provably FAIR Casino, LuckyGames (TOP TIER STRATEGY INSIDE)

Hello everyone, with only 0.55 of ETH or BCH (~$75-$125 deposit) [LOWER BALANCE + FREE OPTION IS ALSO AVAILABLE AT #6+7 IN THE STRATEGY], you can start comfortably and consistently making more than $5 a day, and with this gain, you can branch out into other coins which will net you exponential growth. With this method that I will be explaining to you all here, I am now invested in gambling 13 cryptocurrencies at entry levels and am making over $30 a day, and I only started all of this on a new "proof of concept" account 20 days ago with a $175 deposit in BCH (0.8BCH).
The method is VERY SIMPLE and takes advantage of low probability of loss bets, and the high exchange rate of crypto to cash, and strategic choice of odds in the DICE game that is offered at LuckyGames.
1st. Make sure you are playing the DICE game
2nd. Set up your dice game to roll UNDER 19.
3rd. You want to set up your bet according to your balance. If you are starting from my initial example, with 0.55 coin, you will want to start with a bet of 0.00000015. Then, you want to increase your bet when you reach 1.05 coin (0.00000030), and again at 2 (0.00000060), and again at 4 (0.00000120), 8 (0.00000240), 16 (0.00000480), 32 (0.00000960), etc. You increase your bet by doubling it, just like you will be doubling your balance. Don't complicate things with your bet. If you keep your bet consistent before reaching the next milestone of balance, you will have an increased probability of continuing to win. With this bet strategy, you will maintain a consistent 0.0002% probability of having a streak long enough for losing ~60%-75% of your balance, and this already extraordinarily low probability goes down as you reach closer to your next doubled balance milestone, which will then double your bet and put your probability back to 0.0002%. This probability is impressively low for the amount of coin you are able to make per day, and should not be underestimated at how much value you can get from this by rolling multiple cryptocurrencies and branching out after just one deposit.
4th. After you have set up your bet according to your balance, you will want to click on the grey AUTO button and set up the left column to INCREASE YOUR BET ON A "STREAK OF 1 LOSSES" BY 25%, and you will want to set up the right column to RETURN TO BASE bet ON A "STREAK OF 1 WINS". Set the acceleration to maximum, and hit the START AUTOPLAY button at the bottom of the popup.
You will notice that you will get short streaks of lossess followed by streaks of wins etc, and you will notice that your balance will start to slowly crawl up. What is happening is that you are rolling a PROVABLY FAIR dice game and are trying to get the result on the right to roll under the 19 you have placed as your guess. Every time it rolls under, you win 5.21x your bet, which is increasing by 25% every time you lose before winning. This ENSURES that when you eventually win this 19% chance-to-win dice roll, you will win back ALL of what you have already bet and lost during the streak, as well as 2.21x your CURRENT INCREASED bet.
5th. This strategy is remarkable, and is incredibly safe, but PLEASE REMEMBER THAT NOTHING IS GUARANTEED. This website is PROVABLY FAIR and has all of that explained in detail on the website itself, but that means that a freak 0.0002% lose streak CAN HAPPEN, even though it is VERY IMPROBABLE. This is STILL GAMBLING. On the bright side, if you DO reach such a freak lose streak, you will have only lost around 60-75% of your balance, and if you have been withdrawing a certain amount every week and redistributing it into other crypto in the site using the in-site EXCHANGE app, you will probably be playing with profit at that point and it won't put that bad of a dent in your game.
6th. IF YOU DONT HAVE THAT BIG OF A BALANCE BUDGET, what you can do is use 0.55 of a DIFFERENT lower value coin. The beauty of gambling crypto is that the strategy REMAINS EXACTLY THE SAME no matter what crypto you are gambling, the only difference is that you will be making substatially less money... but you can still funnel your profits into other low value crypto, and work your way up from there. Don't be discouraged if you don't have a big budget for gambling. THIS STRATEGY WILL STILL MOST LIKELY BE PROFITABLE for you.
7th. If you would like to try this strategy FOR FREE using LUCKY TOKEN (which can be traded in for VIP/LEGEND time [which gives access to a bitcoin faucet of 1000/2000 satoshis per 30min] OR EVEN IPHONES/MACBOOK PRO], or if you would like to make a deposit and get started with gambling crypto with a top tier strategy, please show me some love 💚 for making this guide and sign up at LuckyGames using my affiliate link:
ht tps :// luckygames. io/? ref= 35313908
(take out spaces)
After clicking this link, your account will automatically be made, and your username will be set up as New User#####. You can change this and adjust a new password as well as 2FA (RECOMMENDED). I also recommend checking out the CHAT ROOM on the left (chat bubble picture on the menu), because if you chat after you get your account to lvl 1 (you start at lvl 0), you can get free crypto which rains out every 15-30 minutes (as well as chat games which reward crypto, VERY active chat rooms of all languages).
If you have any questions, please ask in this thread, I will be watching it to help you. Much success and greens to all of you, and thank you for reading this guide.
submitted by Deepsack to ethtrader [link] [comments]

Gamble Crypto on Provably FAIR Casino, LuckyGames (TOP TIER STRATEGY INSIDE)

Hello everyone, with only 0.55 of ETH or BCH (~$75-$125 deposit) [LOWER BALANCE + FREE OPTION IS ALSO AVAILABLE AT #6+7 IN THE STRATEGY], you can start comfortably and consistently making more than $5 a day, and with this gain, you can branch out into other coins which will net you exponential growth. With this method that I will be explaining to you all here, I am now invested in gambling 13 cryptocurrencies at entry levels and am making over $30 a day, and I only started all of this on a new "proof of concept" account 20 days ago with a $175 deposit in BCH (0.8BCH).
The method is VERY SIMPLE and takes advantage of low probability of loss bets, and the high exchange rate of crypto to cash, and strategic choice of odds in the DICE game that is offered at LuckyGames.
1st. Make sure you are playing the DICE game
2nd. Set up your dice game to roll UNDER 19.
3rd. You want to set up your bet according to your balance. If you are starting from my initial example, with 0.55 coin, you will want to start with a bet of 0.00000015. Then, you want to increase your bet when you reach 1.05 coin (0.00000030), and again at 2 (0.00000060), and again at 4 (0.00000120), 8 (0.00000240), 16 (0.00000480), 32 (0.00000960), etc. You increase your bet by doubling it, just like you will be doubling your balance. Don't complicate things with your bet. If you keep your bet consistent before reaching the next milestone of balance, you will have an increased probability of continuing to win. With this bet strategy, you will maintain a consistent 0.0002% probability of having a streak long enough for losing ~60%-75% of your balance, and this already extraordinarily low probability goes down as you reach closer to your next doubled balance milestone, which will then double your bet and put your probability back to 0.0002%. This probability is impressively low for the amount of coin you are able to make per day, and should not be underestimated at how much value you can get from this by rolling multiple cryptocurrencies and branching out after just one deposit.
4th. After you have set up your bet according to your balance, you will want to click on the grey AUTO button and set up the left column to INCREASE YOUR BET ON A "STREAK OF 1 LOSSES" BY 25%, and you will want to set up the right column to RETURN TO BASE bet ON A "STREAK OF 1 WINS". Set the acceleration to maximum, and hit the START AUTOPLAY button at the bottom of the popup.
You will notice that you will get short streaks of lossess followed by streaks of wins etc, and you will notice that your balance will start to slowly crawl up. What is happening is that you are rolling a PROVABLY FAIR dice game and are trying to get the result on the right to roll under the 19 you have placed as your guess. Every time it rolls under, you win 5.21x your bet, which is increasing by 25% every time you lose before winning. This ENSURES that when you eventually win this 19% chance-to-win dice roll, you will win back ALL of what you have already bet and lost during the streak, as well as 2.21x your CURRENT INCREASED bet.
5th. This strategy is remarkable, and is incredibly safe, but PLEASE REMEMBER THAT NOTHING IS GUARANTEED. This website is PROVABLY FAIR and has all of that explained in detail on the website itself, but that means that a freak 0.0002% lose streak CAN HAPPEN, even though it is VERY IMPROBABLE. This is STILL GAMBLING. On the bright side, if you DO reach such a freak lose streak, you will have only lost around 60-75% of your balance, and if you have been withdrawing a certain amount every week and redistributing it into other crypto in the site using the in-site EXCHANGE app, you will probably be playing with profit at that point and it won't put that bad of a dent in your game.
6th. IF YOU DONT HAVE THAT BIG OF A BALANCE BUDGET, what you can do is use 0.55 of a DIFFERENT lower value coin. The beauty of gambling crypto is that the strategy REMAINS EXACTLY THE SAME no matter what crypto you are gambling, the only difference is that you will be making substatially less money... but you can still funnel your profits into other low value crypto, and work your way up from there. Don't be discouraged if you don't have a big budget for gambling. THIS STRATEGY WILL STILL MOST LIKELY BE PROFITABLE for you.
7th. If you would like to try this strategy FOR FREE using LUCKY TOKEN (which can be traded in for VIP/LEGEND time [which gives access to a bitcoin faucet of 1000/2000 satoshis per 30min] OR EVEN IPHONES/MACBOOK PRO], or if you would like to make a deposit and get started with gambling crypto with a top tier strategy, please show me some love 💚 for making this guide and sign up at LuckyGames using my affiliate link:
ht tps ://lucky games .io/? ref= 35313908 (<----take out spaces in link)
After clicking this link, your account will automatically be made, and your username will be set up as New User#####. You can change this and adjust a new password as well as 2FA (RECOMMENDED). I also recommend checking out the CHAT ROOM on the left (chat bubble picture on the menu), because if you chat after you get your account to lvl 1 (you start at lvl 0), you can get free crypto which rains out every 15-30 minutes (as well as chat games which reward crypto, VERY active chat rooms of all languages).
If you have any questions, please ask in this thread, I will be watching it to help you. Much success and greens to all of you, and thank you for reading this guide.
submitted by Deepsack to cryptogames [link] [comments]

Gamble Crypto on Provably FAIR Casino, LuckyGames (TOP TIER STRATEGY INSIDE)

Hello everyone, with only 0.55 of ETH or BCH (~$75-$125 deposit) [LOWER BALANCE + FREE OPTION IS ALSO AVAILABLE AT #6+7 IN THE STRATEGY], you can start comfortably and consistently making more than $5 a day, and with this gain, you can branch out into other coins which will net you exponential growth. With this method that I will be explaining to you all here, I am now invested in gambling 13 cryptocurrencies at entry levels and am making over $30 a day, and I only started all of this on a new "proof of concept" account 20 days ago with a $175 deposit in BCH (0.8BCH).
The method is VERY SIMPLE and takes advantage of low probability of loss bets, and the high exchange rate of crypto to cash, and strategic choice of odds in the DICE game that is offered at LuckyGames.
1st. Make sure you are playing the DICE game
2nd. Set up your dice game to roll UNDER 19.
3rd. You want to set up your bet according to your balance. If you are starting from my initial example, with 0.55 coin, you will want to start with a bet of 0.00000015. Then, you want to increase your bet when you reach 1.05 coin (0.00000030), and again at 2 (0.00000060), and again at 4 (0.00000120), 8 (0.00000240), 16 (0.00000480), 32 (0.00000960), etc. You increase your bet by doubling it, just like you will be doubling your balance. Don't complicate things with your bet. If you keep your bet consistent before reaching the next milestone of balance, you will have an increased probability of continuing to win. With this bet strategy, you will maintain a consistent 0.0002% probability of having a streak long enough for losing ~60%-75% of your balance, and this already extraordinarily low probability goes down as you reach closer to your next doubled balance milestone, which will then double your bet and put your probability back to 0.0002%. This probability is impressively low for the amount of coin you are able to make per day, and should not be underestimated at how much value you can get from this by rolling multiple cryptocurrencies and branching out after just one deposit.
4th. After you have set up your bet according to your balance, you will want to click on the grey AUTO button and set up the left column to INCREASE YOUR BET ON A "STREAK OF 1 LOSSES" BY 25%, and you will want to set up the right column to RETURN TO BASE bet ON A "STREAK OF 1 WINS". Set the acceleration to maximum, and hit the START AUTOPLAY button at the bottom of the popup.
You will notice that you will get short streaks of lossess followed by streaks of wins etc, and you will notice that your balance will start to slowly crawl up. What is happening is that you are rolling a PROVABLY FAIR dice game and are trying to get the result on the right to roll under the 19 you have placed as your guess. Every time it rolls under, you win 5.21x your bet, which is increasing by 25% every time you lose before winning. This ENSURES that when you eventually win this 19% chance-to-win dice roll, you will win back ALL of what you have already bet and lost during the streak, as well as 2.21x your CURRENT INCREASED bet.
5th. This strategy is remarkable, and is incredibly safe, but PLEASE REMEMBER THAT NOTHING IS GUARANTEED. This website is PROVABLY FAIR and has all of that explained in detail on the website itself, but that means that a freak 0.0002% lose streak CAN HAPPEN, even though it is VERY IMPROBABLE. This is STILL GAMBLING. On the bright side, if you DO reach such a freak lose streak, you will have only lost around 60-75% of your balance, and if you have been withdrawing a certain amount every week and redistributing it into other crypto in the site using the in-site EXCHANGE app, you will probably be playing with profit at that point and it won't put that bad of a dent in your game.
6th. IF YOU DONT HAVE THAT BIG OF A BALANCE BUDGET, what you can do is use 0.55 of a DIFFERENT lower value coin. The beauty of gambling crypto is that the strategy REMAINS EXACTLY THE SAME no matter what crypto you are gambling, the only difference is that you will be making substatially less money... but you can still funnel your profits into other low value crypto, and work your way up from there. Don't be discouraged if you don't have a big budget for gambling. THIS STRATEGY WILL STILL MOST LIKELY BE PROFITABLE for you.
7th. If you would like to try this strategy FOR FREE using LUCKY TOKEN (which can be traded in for VIP/LEGEND time [which gives access to a bitcoin faucet of 1000/2000 satoshis per 30min] OR EVEN IPHONES/MACBOOK PRO], or if you would like to make a deposit and get started with gambling crypto with a top tier strategy, please show me some love 💚 for making this guide and sign up at LuckyGames using my affiliate link:
ht tps ://lucky games .io/? ref= 35313908 (<----take out spaces in link)
After clicking this link, your account will automatically be made, and your username will be set up as New User#####. You can change this and adjust a new password as well as 2FA (RECOMMENDED). I also recommend checking out the CHAT ROOM on the left (chat bubble picture on the menu), because if you chat after you get your account to lvl 1 (you start at lvl 0), you can get free crypto which rains out every 15-30 minutes (as well as chat games which reward crypto, VERY active chat rooms of all languages).
If you have any questions, please ask in this thread, I will be watching it to help you. Much success and greens to all of you, and thank you for reading this guide.
submitted by Deepsack to GamblingBonuses [link] [comments]

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submitted by Fox-Url to u/Fox-Url [link] [comments]

Gamble Crypto on Provably FAIR Casino, LuckyGames (TOP TIER STRATEGY INSIDE)

Hello everyone, with only 0.55 of ETH or BCH (~$75-$125 deposit) [LOWER BALANCE + FREE OPTION IS ALSO AVAILABLE AT #6+7 IN THE STRATEGY], you can start comfortably and consistently making more than $5 a day, and with this gain, you can branch out into other coins which will net you exponential growth. With this method that I will be explaining to you all here, I am now invested in gambling 13 cryptocurrencies at entry levels and am making over $30 a day, and I only started all of this on a new "proof of concept" account 20 days ago with a $175 deposit in BCH (0.8BCH).
The method is VERY SIMPLE and takes advantage of low probability of loss bets, and the high exchange rate of crypto to cash, and strategic choice of odds in the DICE game that is offered at LuckyGames.
1st. Make sure you are playing the DICE game
2nd. Set up your dice game to roll UNDER 19.
3rd. You want to set up your bet according to your balance. If you are starting from my initial example, with 0.55 coin, you will want to start with a bet of 0.00000015. Then, you want to increase your bet when you reach 1.05 coin (0.00000030), and again at 2 (0.00000060), and again at 4 (0.00000120), 8 (0.00000240), 16 (0.00000480), 32 (0.00000960), etc. You increase your bet by doubling it, just like you will be doubling your balance. Don't complicate things with your bet. If you keep your bet consistent before reaching the next milestone of balance, you will have an increased probability of continuing to win. With this bet strategy, you will maintain a consistent 0.0002% probability of having a streak long enough for losing ~60%-75% of your balance, and this already extraordinarily low probability goes down as you reach closer to your next doubled balance milestone, which will then double your bet and put your probability back to 0.0002%. This probability is impressively low for the amount of coin you are able to make per day, and should not be underestimated at how much value you can get from this by rolling multiple cryptocurrencies and branching out after just one deposit.
4th. After you have set up your bet according to your balance, you will want to click on the grey AUTO button and set up the left column to INCREASE YOUR BET ON A "STREAK OF 1 LOSSES" BY 25%, and you will want to set up the right column to RETURN TO BASE bet ON A "STREAK OF 1 WINS". Set the acceleration to maximum, and hit the START AUTOPLAY button at the bottom of the popup.
You will notice that you will get short streaks of lossess followed by streaks of wins etc, and you will notice that your balance will start to slowly crawl up. What is happening is that you are rolling a PROVABLY FAIR dice game and are trying to get the result on the right to roll under the 19 you have placed as your guess. Every time it rolls under, you win 5.21x your bet, which is increasing by 25% every time you lose before winning. This ENSURES that when you eventually win this 19% chance-to-win dice roll, you will win back ALL of what you have already bet and lost during the streak, as well as 2.21x your CURRENT INCREASED bet.
5th. This strategy is remarkable, and is incredibly safe, but PLEASE REMEMBER THAT NOTHING IS GUARANTEED. This website is PROVABLY FAIR and has all of that explained in detail on the website itself, but that means that a freak 0.0002% lose streak CAN HAPPEN, even though it is VERY IMPROBABLE. This is STILL GAMBLING. On the bright side, if you DO reach such a freak lose streak, you will have only lost around 60-75% of your balance, and if you have been withdrawing a certain amount every week and redistributing it into other crypto in the site using the in-site EXCHANGE app, you will probably be playing with profit at that point and it won't put that bad of a dent in your game.
6th. IF YOU DONT HAVE THAT BIG OF A BALANCE BUDGET, what you can do is use 0.55 of a DIFFERENT lower value coin. The beauty of gambling crypto is that the strategy REMAINS EXACTLY THE SAME no matter what crypto you are gambling, the only difference is that you will be making substatially less money... but you can still funnel your profits into other low value crypto, and work your way up from there. Don't be discouraged if you don't have a big budget for gambling. THIS STRATEGY WILL STILL MOST LIKELY BE PROFITABLE for you.
7th. If you would like to try this strategy FOR FREE using LUCKY TOKEN (which can be traded in for VIP/LEGEND time [which gives access to a bitcoin faucet of 1000/2000 satoshis per 30min] OR EVEN IPHONES/MACBOOK PRO], or if you would like to make a deposit and get started with gambling crypto with a top tier strategy, please show me some love 💚 for making this guide and sign up at LuckyGames using my affiliate link:
ht tps ://lucky games .io/? ref= 35313908 (<----take out spaces in link)
After clicking this link, your account will automatically be made, and your username will be set up as New User#####. You can change this and adjust a new password as well as 2FA (RECOMMENDED). I also recommend checking out the CHAT ROOM on the left (chat bubble picture on the menu), because if you chat after you get your account to lvl 1 (you start at lvl 0), you can get free crypto which rains out every 15-30 minutes (as well as chat games which reward crypto, VERY active chat rooms of all languages).
If you have any questions, please ask in this thread, I will be watching it to help you. Much success and greens to all of you, and thank you for reading this guide.
submitted by Deepsack to Fibromyalgia [link] [comments]

Gamble Crypto on Provably FAIR Casino, LuckyGames (TOP TIER STRATEGY INSIDE)

Hello everyone, with only 0.55 of ETH or BCH (~$75-$125 deposit) [LOWER BALANCE + FREE OPTION IS ALSO AVAILABLE AT #6+7 IN THE STRATEGY], you can start comfortably and consistently making more than $5 a day, and with this gain, you can branch out into other coins which will net you exponential growth. With this method that I will be explaining to you all here, I am now invested in gambling 13 cryptocurrencies at entry levels and am making over $30 a day, and I only started all of this on a new "proof of concept" account 20 days ago with a $175 deposit in BCH (0.8BCH).
The method is VERY SIMPLE and takes advantage of low probability of loss bets, and the high exchange rate of crypto to cash, and strategic choice of odds in the DICE game that is offered at LuckyGames.
1st. Make sure you are playing the DICE game
2nd. Set up your dice game to roll UNDER 19.
3rd. You want to set up your bet according to your balance. If you are starting from my initial example, with 0.55 coin, you will want to start with a bet of 0.00000015. Then, you want to increase your bet when you reach 1.05 coin (0.00000030), and again at 2 (0.00000060), and again at 4 (0.00000120), 8 (0.00000240), 16 (0.00000480), 32 (0.00000960), etc. You increase your bet by doubling it, just like you will be doubling your balance. Don't complicate things with your bet. If you keep your bet consistent before reaching the next milestone of balance, you will have an increased probability of continuing to win. With this bet strategy, you will maintain a consistent 0.0002% probability of having a streak long enough for losing ~60%-75% of your balance, and this already extraordinarily low probability goes down as you reach closer to your next doubled balance milestone, which will then double your bet and put your probability back to 0.0002%. This probability is impressively low for the amount of coin you are able to make per day, and should not be underestimated at how much value you can get from this by rolling multiple cryptocurrencies and branching out after just one deposit.
4th. After you have set up your bet according to your balance, you will want to click on the grey AUTO button and set up the left column to INCREASE YOUR BET ON A "STREAK OF 1 LOSSES" BY 25%, and you will want to set up the right column to RETURN TO BASE bet ON A "STREAK OF 1 WINS". Set the acceleration to maximum, and hit the START AUTOPLAY button at the bottom of the popup.
You will notice that you will get short streaks of lossess followed by streaks of wins etc, and you will notice that your balance will start to slowly crawl up. What is happening is that you are rolling a PROVABLY FAIR dice game and are trying to get the result on the right to roll under the 19 you have placed as your guess. Every time it rolls under, you win 5.21x your bet, which is increasing by 25% every time you lose before winning. This ENSURES that when you eventually win this 19% chance-to-win dice roll, you will win back ALL of what you have already bet and lost during the streak, as well as 2.21x your CURRENT INCREASED bet.
5th. This strategy is remarkable, and is incredibly safe, but PLEASE REMEMBER THAT NOTHING IS GUARANTEED. This website is PROVABLY FAIR and has all of that explained in detail on the website itself, but that means that a freak 0.0002% lose streak CAN HAPPEN, even though it is VERY IMPROBABLE. This is STILL GAMBLING. On the bright side, if you DO reach such a freak lose streak, you will have only lost around 60-75% of your balance, and if you have been withdrawing a certain amount every week and redistributing it into other crypto in the site using the in-site EXCHANGE app, you will probably be playing with profit at that point and it won't put that bad of a dent in your game.
6th. IF YOU DONT HAVE THAT BIG OF A BALANCE BUDGET, what you can do is use 0.55 of a DIFFERENT lower value coin. The beauty of gambling crypto is that the strategy REMAINS EXACTLY THE SAME no matter what crypto you are gambling, the only difference is that you will be making substatially less money... but you can still funnel your profits into other low value crypto, and work your way up from there. Don't be discouraged if you don't have a big budget for gambling. THIS STRATEGY WILL STILL MOST LIKELY BE PROFITABLE for you.
7th. If you would like to try this strategy FOR FREE using LUCKY TOKEN (which can be traded in for VIP/LEGEND time [which gives access to a bitcoin faucet of 1000/2000 satoshis per 30min] OR EVEN IPHONES/MACBOOK PRO], or if you would like to make a deposit and get started with gambling crypto with a top tier strategy, please show me some love 💚 for making this guide and sign up at LuckyGames using my affiliate link:
ht tps : // luckygames . io / ?ref = 35313908
(take out spaces)
After clicking this link, your account will automatically be made, and your username will be set up as New User#####. You can change this and adjust a new password as well as 2FA (RECOMMENDED). I also recommend checking out the CHAT ROOM on the left (chat bubble picture on the menu), because if you chat after you get your account to lvl 1 (you start at lvl 0), you can get free crypto which rains out every 15-30 minutes (as well as chat games which reward crypto, VERY active chat rooms of all languages).
If you have any questions, please ask in this thread, I will be watching it to help you. Much success and greens to all of you, and thank you for reading this guide.
submitted by Deepsack to CryptoCurrencyTrading [link] [comments]

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