Na so, no be waiting we go force, even if we force ham nothing good go come up than not achieving waiting we want. But I dey think of waiting we can do to make Naija dey concentrate for here. Some dey get excuse say their campaign no count local board, and that one no be excuse like that, even if na 3 posts dey get for a week, at least it go count.

Also, I think like you implied as we no dey cooperate, we need to change this about us. Naija for this forum need to dey work together.

But, we wey dey active for here now, waiting we suggest go make this thread active? Because I know there would be ways this thread go dey active.

If you think it is the seed phrase, you will need to remember if you use passphrase along when you created the wallet. If used, you will need to input it along while restoring the wallet from newly downloaded wallet.

Also know that watch-only wallet only contain the public key, no private key. The wallet can not be used for signing transaction, which means you can only see the balance but can not spend from the wallet.

To be able to spend, you need the private key to the public key of the watch-only wallet. And to get that, you need to get the original seed phrase, or along with it passphrase if used. Or the private key to the public of the watch-only wallet.

I think it should be like this: Transactions are not confirmed by nodes. They are confirmed by miners. Nodes only verify blocks and transactions.

Full nodes does not necessarily need to have the whole four nodes (wallet, full blockchain, mining and routing), a full node can just have two of the nodes, but it will has the full blockchain as the other node. Even the node necessary for solo miners (just as an example) do not contain wallet node. I am not implying that you are not right, but just for clearer view about full node. So far nodes contain full blockchain, it is called full nodes, and used to verify blocks and trrasactions.

This problem is not only on hotbit alone, it is generally on exchanges that do not support the smart contract used for a token deposited. This is one the of most common mistake today done by traders, and the blame should be on the exchanges because if they support the smart contract, their users will not have any problem, but their customers are suffering the losses. That is one of the disadvantages of using exchanges because if it is a noncustodial wallet the coin is sent to, there are what can be done to get back such tokens, but the exchanges not support such smart contract will be demanding for high amount of money for the token recovery, while maybe some exchanges will not even provide any support.

But this should not be a problem while sending to binance, the smart contract that Hotbit are supporting will surely be supported by Binance. Binance support ERC-20, BEP2 and BSC (BEP20) for ethereum deposit and withdrawal, the OP will just try to know the differences, or he should just make use of ERC-20 for the withdrawal which all exchanges are supporting so far they support ethereum.

Not all full nodes have to mine, full nodes are nodes that have the full blockchain, example of such nodes are Bitcoin Core, full blockchain node and solo mining node, all has the full blockchain and they can validate blocks and transactions and relay it to other nodes for further verification. But still, only full nodes can validate transactions, and yet not all nodes are full nodes, which means not all nodes can validate transactions. Example of nodes that do not have the full blockchain (that are not full nodes) and can not validate blocks and transactions are lightweight wallet and mining nodes (not solo mining nodes) that relay block and transactions mined to full nodes.

Try to check this very well, you are getting something not right, that hosseinimr93 post that I quoted along is absolutely correct, because only full nodes validate blocks and transactions, but not all nodes are full nodes.

Blocks are mined and transactions are confirmed by miners, miners are also the first to verify/validate transactions as miners run a full node. The block and transactions verified by a miner will be passed on to another full node which will also verify the block and transactions and pass it on to another full node and so on. Also, only nodes that has the full blockchain which are called full node are the ones that can continue to verify block mined and transactions confirmed by miners. Nodes that do not have the full blockchain can not verify transactions.

akash07 just opened an account less than 3 hours ago and posting about recovery service, referring people to add him on telegram. Should this be considered as a means to scam and his account be tagged? In my opinion, I am only seeing this as a means to scam.

The thing be say we Naija no dey dedicated to achieve a local baord for now. you self still dey try, and happy say you leave here for a week and accept say make others no vex, nobody go vex because say you still dey try if I no go lie. But we Naija need to try improve and post quality posts and increase the rate of posting for local thread, this go really help us achieve local board. As the fact for now, we dey far from having local board o. You are welcome back, I hope say I go dey see you around.

I too will suggest you go for Binance, there are certain extent you can still make use of Binance without KYC. Also there are some other exchanges you can also use as an Australian citizen:


But, I will recommend you to use binance. You can even make use of p2p on Binance for ease.

This is a nice article by the OP. If someone is having a stuck transaction, replace-by-fee can be used, which is even more advisable for not to spend more on fee, but like it is said above, people should make sure the replace-by-fee is 'ON' on the wallet used (, like electrum wallet) before making the transaction

About child-pays-for -parent (CPFP), bitcoin users needs to really know the reason why a transaction can support CPFP, because not all transactions can support CPFP.

For example, if address A send to address B, if there is no change address in the transaction, that means CPFP can not be used by wallet A that has the address A. But, the address that wallet A transfer bitcoin to and yet unconfirmed (address B), can be used. In this case, all wallet B needs is to generate another address from his wallet (wallet B), or maybe he wants to send bitcoin to another address entirely, he just only need to make use of coin control to make sure he spend the unconfirmed bitcoin, or included some certain amount of the unconfirmed bitcoin in his transaction, but he will need to almost pay as twice as normal fee that will cover fee for both child and parent transactions.

No matter what happen, the governments will try all means to regulate bitcoin and other decentralized cryptocurrencies in a way it will not have effect on fiat or the upcoming CBDC. All I know is that bitcoin will continue to progress, while fiat/CBDC also will find their way to remain benefitial to the economy, even despite being an inflationary currency.

There is nothing bad to make use of coinbase, but it should only be for trading, while done with trading, you can move your coin to a noncustodial wallet, and preferably offline wallets. About mining, hardware wallet will be good for that also, exchanges are just for trading, while wallet to save. Remember you do not have the private key while using exchanges, you do not have full control while using an exchange account, the exchanges have the private key, and have the full control.

In United States, Coinbase is the most popular crypto exchange  while in the world, Binance is the most popular exchange. 

Exchanges have your information. Which can either be shared to the governments. Or be revealed to hackers during data breach. Also, anything that third party knows is not as secure as if only you know it.

Exchanges can be hacked, hackers are attracted my millions of dollars worth of cryptocurrencies managed by exchanges

You do not have the full control. Not you key, it is the exchange key.

Wallet will make you enjoy low fee for transactions

Inconveniences ranging from freezed or blocked accounts to exchange maintainance.

Exodus wallet is an online wallet while OP asked for a hardware wallet. Also, Exodus is completely close source, close source wallets are not recommendable because their source codes are not revealed to the public. It is not recommendable to use a wallet that is close source because if vulnerabilities are introduced into such wallets, we will not know.

Only the comment I can leave here is that private key must not be revealed to anyone, if known to anyone, the person will be able steal the bitcoin the private key can unlock on blockchain.

Hardware wallets are one of the safest means to hold cryptocurrencies, but if the amount to hold is not much, you can use recommendable noncustodial wallet like electrum, but you will need to be able to protect your wallet from attacks just like you are protecting your exchanges from attacks, no wallet is safe until you protect it from both online and offline attacks. To download electrum, you can visit electrum.org, making sure you verify the signature too. But for high amount, the best to go for are hardware wallets, you can buy it from a reseller like Amazon, or buy it directly from the hardware company.

I do not think there should be any difficulty about this. You will buy hardware wallet like Ledger Nano or Trezor, you will make sure that it is new, remove the seal and open it. The wallet will generate seed phrase, and also you will need to input pin. You will be able to create new wallet, and get a valid address from the hardware wallet. On your exchange, go to withdrawal and input the address generated from the hardware wallet. The fee on exchanges are way to high, it will be good idea for high amount for the fee not to take most part of the coin you want to transfer.

Yes, for certain reasons.

• to have full control
• for privacy
• for flexible and low fee withdrawals

Exchanges have more attention from online hackers
Exchanges withdrawal can be under maintenance
Accounts can be blocked, which can be temporary, and can cause inconveniences
You do not have full control
It is not your key

Trezor Model One: $59
Trezor Model T: $159
Ledger Nano S: $59
Ledger Nano X: $119

What makes DPN decentralized is because it is serverless, not depending on any central server, which means it has nothing to do with users usage data logs, users device will act as both the client and the server.


No. The first DPN I knew was last year, I am not certain if it is the first of its kind, it is called Mysterium, while I read about another new one that was just created recently, called Sentinel , also I have known another one called Deeper before. But, what I noticed is that it is being talked about often than before, thinking it might replaced VPN which are decentralized. I hope this is clear nothing like sponsorship as I did not even mention on DPN in the topic. All I am thinking is just that DPN could bring more privacy just like Tor.

Like I have illustrated above, it depends on:

• Deferential price
• Accumulated fee gain

To understand more about it, you will really need to read the link I posted above, especially the one I post below again

https://pintail.medium.com/uniswap-a-good-deal-for-liquidity-providers-104c0b6816f2

But, to make it more understandable, if you stake ethereum and the price of ether increase, that means you are gaining already, but the main gain is from the accumulated fee, which is a certain gain that is fixed in percentage that you would have known before staking at all, but if the price of ethereum decrease, it will let the gain from the accumulated fee gain to decrease, and it can be to the extent it will take all the gain and also reduce the worth of your stake in dollars.

If you can stake little amount of money (I am not sure), you can try it out for you to understand it practically.

Waiting we know be say nothing can stop bitcoin, if CBN no gree, nothing go stop people to use p2p, p2p will also count too. Just make I talk about it directly, the CBN no know how the banks are benefiting from direct bank-crypto transactions, having no valid reason cryptocurrencies should be banned for the country. But, see the transactions from fiat to bitcoin alone, this is a very high amount.

I go like if you include the link so we can read about it in details.

As a bitcoin user, we are always careful to have the full privacy we need. Because of this, bitcoin users like to make use of virtual private network (VPN) for online purposes. VPNs allow users to send their web traffic through an encrypted tunnel to a server managed by the VPN service provider. Traffic then exits to the web where data continues to be encrypted, provided users only connect to secure HTTPS websites, preserving privacy as a result. But, VPN are centralized service, some leaving users vulnerable to data leak.

Free VPNs leave users vulnerable to data leak, the reputed paid ones use strong security protocols, minimal data logging, private Domain Name System, or DNS, servers and internet-friendly jurisdictions. In turn, this leads to benefits such as avoidance of censorship, enhanced security on both public and private connections and data transfers, remote access and online anonymity. But despite safe and secure online environment paid VPN can offer, some still keep usage logs.

VPN Usage Logs
All in all, usage logs kind of defeat the purpose of using a VPN. After all, you’re running a VPN connection to escape surveillance. Usage logs are pretty intrusive because they actually contain information about your online browsing. We are talking about data like:

• IP address
• Anything you uploaded or downloaded
• The web applications and online services you used while connected to the VPN
• Your whole browsing history
• And all sorts of other metadata

Why do some providers keep VPN logs
1. First of all, because the law forces them to do that. If the VPN provider has their HQ in a country with severe data retention laws (like Australia, the US, Ireland, or France), or in a country with an oppressive regime, they will likely have to keep VPN logs to comply with the law. Of course, they might be able to use legal loopholes to not do that, but they willl need to have regular third-party audits of their service to prove their claims are legit.

2. If you use a free VPN service, it might keep logs about your usage to enforce bandwidth caps. Some paid VPNs might do this too if they have bandwidth caps during the money-back guarantee or free trial period.

3. Some providers might engage in VPN logging to make sure people only connect the number of devices they allow them to (like up to five or ten). Not all providers bother with that, though, and others even offer unlimited simultaneously connected devices.

4. If you are using a free service, they might keep VPN logs to collect data which they can later sell to advertisers.

5. Sometimes it is not even the VPN provider who keeps logs, but the data center they use. Basically, the provider might use a data center who isn’t transparent about their own logging policies. That actually happened once – a VPN service said it kept no longs, but its data center kept IP transfer logs.

Decentralized private networks
Similar to VPNs, decentralized private networks, or decentralized VPNs, also use encrypted tunnels to route web traffic, but they do this over decentralized rather than centralized networks. DPNs are serverless and distributed, ensuring higher security levels such that user data is not logged, hacked or subpoenaed.

In a decentralized private network, user devices act as both the client (like individual internet users) and server (like Amazon Web Services or Google). And the IP addresses automatically change based on their routing rules, establishing tunnels to other nodes all over the world.

The negation of a central point of control in DPN services means there are no central points to attack; the network cannot be taken down. Users also have control over their data, as no centralized provider has access to the information they are trying to protect.

Which do you think will give total privacy, VPN or DPN?

https://www.cactusvpn.com/beginners-guide-to-vpn/vpn-logs/
https://cointelegraph.com/news/dpn-vs-vpn-the-dawn-of-decentralized-web-privacy