 Show Posts
|
|
Pages: [1]
|
C10 PRODUCT DIVERSIFY YOUR CRYPTO PORTFOLIOS WITH MINIMAL TIME AND EFFORT Introduction to CryptomoverCryptomover is developing products to make cryptocurrency diversification easy and accessible for everyone. What is Cryptomover offering?C10 product that gives an access to a diversified portfolio of top 10 cryptocurrencies by market capitilzation. What Media has to say about Cryptomover?
OFFICIAL ANNOUNCEMENTCryptomover offers Initial Product Offering on C10 Product, starts Dec 01, 2017 |
|
|
|
C10 PRODUCT DIVERSIFY YOUR CRYPTO PORTFOLIOS WITH MINIMAL TIME AND EFFORT Introduction to CryptomoverCryptomover is developing products to make cryptocurrency diversification easy and accessible for everyone. What is Cryptomover offering?C10 product that gives an access to a diversified portfolio of top 10 cryptocurrencies by market capitilzation. What Media has to say about Cryptomover?
OFFICIAL ANNOUNCEMENTCryptomover offers Initial Product Offering on C10 Product, starts Dec 01, 2017 |
|
|
|
C10 PRODUCT DIVERSIFY YOUR CRYPTO PORTFOLIOS WITH MINIMAL TIME AND EFFORT Introduction to CryptomoverCryptomover is developing products to make cryptocurrency diversification easy and accessible for everyone. What is Cryptomover offering?C10 product that gives an access to a diversified portfolio of top 10 cryptocurrencies by market capitilzation. What Media has to say about Cryptomover?
OFFICIAL ANNOUNCEMENTCryptomover offers Initial Product Offering on C10 Product, starts Dec 01, 2017 |
|
|
|
C10 PRODUCT DIVERSIFY YOUR CRYPTO PORTFOLIOS WITH MINIMAL TIME AND EFFORT Introduction to CryptomoverCryptomover is developing products to make cryptocurrency diversification easy and accessible for everyone. What is Cryptomover offering?C10 product that gives an access to a diversified portfolio of top 10 cryptocurrencies by market capitilzation. What Media has to say about Cryptomover?
OFFICIAL ANNOUNCEMENTCryptomover offers Initial Product Offering on C10 Product, starts Dec 01, 2017 |
|
|
|
What is a replay attack? Bitcoin Gold was successfully launched last week, but there are still many technical issues. If you still remember our previous article, the most critical one is the lack of replay protection. Do note that the coming Bitcoin SegWit2x hard fork in November also doesn’t possess such protection. Anyway, that’s why this week we are going to talk about how a replay attack works and what we should do to protect our funds. So how does a replay attack works? A hard fork on a blockchain is essentially creating a new incompatible blockchain which shares the same history with the legacy one, but has different blocks in the future. As they share the same history, if you hold some legacy coins during the fork time, you will also automatically gain the same amount of new coins. This distinctive feature opens rooms for a replay attack.  Normally when you send out Bitcoin, you are signing a transaction with your private keys (therefore never disclose your private keys to anyone) and broadcast that transaction to the blockchain. After a hard fork, both of your coins are stored on the same address, which means that they are controlled by the same private keys. Without a replay protection, when you, say send out 1 Bitcoin from the legacy chain, the transaction is also valid on the forked chain with the same amount of new coins and same recipient. Someone else can make use of this and send out your new coins without your agreement. This is the same case for the opposite direction: when you send out the new coins, you are potentially also sending out your Bitcoin! What we should do to protect our funds?Basically wait for the implementation of replay protections. The previous Bitcoin Cash hard fork achieve this by modifying the signing mechanism so that we can distinguish the transactions from different chains. Bitcoin Gold claimed to implement the protection before launching, but the issue is still not resolved up till now. While there are tricks to safely send out Bitcoin without a replay protection, like adding a small amount or coin mixing, this article is mainly for beginners and we do not recommend users without much experience to risk trying them as a single mistake can be disastrous. Instead, keeping the coins on your wallet and wait for further updates from the Bitcoin Gold team is the safest choice. We at Cryptomover will keep following the latest updates and split the coins for our customers as soon as possible. As we stated, any new coins from hard forks will be part of your portfolio and we do not intend to charge anything from them. Please do remember to follow us for further updates! The article is extracted from our medium blog post.
|
|
|
|
 As mentioned in our previous article, the Bitcoin Gold hard fork will take place on 25 Oct, and everyone should have an idea about how to safely prepare for it! Key summary:- The safest way is to keep your Bitcoin on a wallet where you have the control to the private keys. It can be desktop wallets like Electrum or Exodus, or hardware wallets like Ledger Nano S and Trezor.
- Avoid moving your Bitcoin on that day, and also after the fork to wait for everything to settle.
- When the fork is settled, each wallet provider would provide instructions on how to claim your Bitcoin Gold on the specific wallet, but we will also have tutorials about it, please stay tuned!
Why should I move to wallets where I have the control to the private keys?To put things simply, when you have control to your private keys, you are 100% guaranteed to have the forked coin. The problem is just how to split them on the wallet. However, if for example your coins are stored on an exchange wallet, they have the rights to decide whether to issue the new coins to you or not. Anything can happen but you lose the control of it. Why is this so important? Because Bitcoin Gold and Bitcoin will share the same address at the beginning, so when you have the private key, you can control the coins on that address. Even if your current wallet does not support Bitcoin Gold, you always have the option to import the private key on other supporting wallets to claim them. Why should I avoid moving my Bitcoin after the fork?As mentioned in another article, a hard fork is not compatible with old versions of the protocol so the network might be unstable during the time. However, more importantly, Bitcoin Gold does not have a Replay-Protection, which can be a huge issue. Again, to put it simply, a replay attack means when Alice sends Bitcoin to Bob on the Bitcoin blockchain, Bob can also claim that Alice has sent Bitcoin Gold to him and “steal” Alice’s Bitcoin Gold. This is the same when Alice sends Bitcoin Gold to Bob, he can steal her Bitcoin. To avoid this, the previous Bitcoin Cash hard fork has implemented a replay protection, but this is not the case for Bitcoin Gold. Although they claim to be developing a strong replay protection, there are not any updates yet so it is better to wait and not move your Bitcoin shortly after the fork. So what to do now?Whether you are bullish or bearish on Bitcoin Gold, you should not lose your coins due to careless mistakes! Therefore, the best thing to do right now is following the summary above: send your Bitcoin to a wallet with control to your private keys, and wait until the fork is settled. Also don’t forget to follow us for future updates! The article is extracted from our medium blog post. Sources: https://99bitcoins.com/the-bitcoin-gold-hard-fork-explained-coming-october-25th/https://bitcoinmagazine.com/articles/segwit2x-and-case-strong-replay-protection-and-why-its-controversial/ |
|
|
|
This article might not be related to Bitcoin at the time being but since Bitcoin might adopt smart contracts in the future, it would be worthy for beginners to understand what it is. For traditional vending machines, you feed in coins and they will give out your choice of drink/food. Smart contracts are nothing different from this, but instead they are pieces of codes which allow more customisations and utilities. Smart contracts on the blockchain will execute what they have been written for, and everyone can check it. Hence, unlike a vending machine which we have to trust that it actually holds enough drink or coins for changes, the smart contracts can be verified by anyone and so it is a trustless way of executing a contract. Why are they useful?  Ethereum is the first platform that promotes smart contracts. On the platform, users can code a smart contract for different purposes: let the contract to hold some balance of coins, or to secure a transaction, or even ask it to trigger another smart contract under a specific condition. The chain reaction of smart contracts can be very powerful and can create decentralised applications ( Dapps) in which everything is executed on the blockchain. A list of applications built on Ethereum has shown that they can have impact on different industries, and the limit is really up to our imagination. After all, smart contracts are the next generation of “vending machine” which do not require users’ trust and can run exactly for their purposes. Their flexibility also opens up for millions of possible innovative applications. They would play a main role in the future of blockchain technology and hence everyone should have an idea about what it is and how it would impact the the future development. The article is extracted from our medium blog post. Sources: https://www.coindesk.com/making-sense-smart-contracts/https://www.multichain.com/blog/2015/11/smart-contracts-good-bad-lazy/https://medium.freecodecamp.org/smart-contracts-for-dummies-a1ba1e0b9575
|
|
|
|
What is Bitcoin Gold? At the beginning of the year it was only Bitcoin, August onwards we have Bitcoin and Bitcoin Cash and it looks like November onwards we will have three different versions of Bitcoin. The Bitcoin blockchain is set to go through a second hard fork on 25th Oct giving birth to Bitcoin Gold (BTG). Existing private key holders of Bitcoin balance at the time of fork will be credited with an equal amount of Bitcoin Gold on November 1st, similar to the way Bitcoin holders received dividend during the birth of Bitcoin Cash. The team of developers, miners and other key contributors to the project is led by Jack Liao, CEO Of Hong Kong mining firm LightningASIC. He is accompanied by Chinese mining tycoon and owner of Jinse.com (Bitcoin news portal) and, the project’s anonymous lead developer that goes by the name of H4x3rotab. The fork aims to protect Bitcoin ecosystem by creating a totally decentralised Bitcoin. The fork is another battle between the mining cartel and Bitcoin’s core developers. At one hand mining cartels are seeking for more hashpower, while at the other hand Bitcoin’s core developers are working towards decentralization.  The project developers hope to open up mining to more participants by replacing the Bitcoin’s mining algorithm with the one ( Equihash) that enables mining via GPUs. Zcash uses the same algorithm, and it is resistant to ASIC chips. Bitcoin Gold will therefore compete with Ethereum for mining hardware, despite being closer in design to Zcash. It appears to be a smart move as Ethereum project is planning to switch its Proof of Work mining algorithm to Proof of Stake in 2018. Bitcoin Gold has also altered its difficulty adjustment, of which their blockchain will measure and adjust the difficulty with every block found. The project still has a lot of roadblocks to cross before it reaches the proposed fork. The team has yet not released the mining software, mining pool and block explorer, further the project doesn’t have a wallet yet. The biggest criticism of the project is the developer’s decision to mine the new blockchain themselves for some time after the fork — thus keeping all the mining rewards. H4x3rotab mentioned on the project’s slack channel that the number of blocks they plan to mine would not be more than one percent of the total supply.  Despite the talks of hard fork, China banning the Bitcoin exchanges & ICOs and recently South Korea also banning the ICOs, the price of Bitcoin has managed to keep up to 4300 levels. The news flow followed a two to three weeks of huge volatility in cryptocurrency space but the price of Bitcoin recovered and recently crossed the 4500 levels. The fork doesn’t look to have a major impact on the Bitcoin price. However it is interesting to note that Bitcoin Cash has been tanking down quite a lot in last few weeks. After the fork Bitcoin Gold will become a new member of Cryptomover’s Bitcoin Forking Index. It would be interesting to watch if Bitcoin Gold can have an entry similar to Bitcoin Cash. It would highly depend on how many versions of Bitcoin will market look to adopt and, if the intentions of Bitcoin Gold are genuine. Good Luck Bitcoin Gold The Cryptomover Team The article is extracted from our medium blog post and we have no affliations with the aforementioned cryptocurrencies.
|
|
|
|
What is a fork? In open source software development, a fork refers to the event of an independent project spinning off from the original project by copying the code base and develop in a different direction. This happens when the community has a diverse and irreconcilable visions/plans for the future development of the project. For example, Litecoin is a fork from Bitcoin because its developers copied the code of Bitcoin and launched as a separated project. Due to the distinctive feature of blockchain that it relies on the entire network to run the exact same protocol, there are two kinds of forks: soft fork and hard fork.  What is a soft fork? New rules by a soft fork allow a subset of the previous valid blocks, therefore all blocks considered valid by the newer version are also valid in the old versionA soft fork is forward compatible, meaning that old versions of the protocol will recognize new blocks. If at least 51% of the hashing power shifts to the new version, the system can self-correct and maintain consensus on the blockchain. For example, the Bitcoin SegWit upgrade on 21 Aug 2017 was a soft fork when the majority of the miners agreed to shift to the new version of the Bitcoin. What is a hard fork? Hard forks ease block acceptance rules making previously invalid blocks valid in the new version, therefore effectively creating a new blockchainA hard fork is not forward compatible on the contrary. Old versions of the protocol are not compatible with the new versions and therefore it requires everyone on the network to upgrade. The risk is that when a substantial amount of miners refuse to upgrade, a chain split is very likely to happen. For example, the creation of Bitcoin Cash on 1 Aug 2017 was a hard fork from Bitcoin when the Bitcoin Cash developers disagreed with SegWit and decided to move onto the new blockchain. Understanding the nature of forks is essential to keep track of the future development of Bitcoin and other cryptocurrencies. For example, both Bitcoin and Ethereum is going to have a hard fork soon. We will keep updating with regards to different forks, please stay tuned! The article is extracted from our medium blog post. Sources: http://truebloodlawgroup.com/blog/What-is-the-difference-between-a-Hard-Fork-and-a-Soft-Fork/2524https://bitcoin.stackexchange.com/questions/30817/what-is-a-soft-forkhttp://etherworld.co/topic/22/hard-fork-in-ethereum
|
|
|
|
Index investing is one of the most important financial innovation of 20th century. It allows everyday investors an easy and accessible way to gage the market. In just one simple trade, investors are able to broadly put money to work on a targeted asset class. Vanguard led the passive revolution showing investors that by just investing in the index, one can by and large beat active manager returns. For the last 10 years, between 75–95% of US stock mutual funds either closed or failed to beat their benchmark index. We believe the key characteristics of index investing that lead to mass adoption are: - Diversification
- Efficiency
- Transparency
Diversification is a key principle and forms the basis of modern portfolio risk management. Moreover diversification lowers the volatility of portfolio when the underlying asset are sufficiently uncorrelated. We have shown this in all our Cryptomover indexes. By following a rules based approach, investors not only see a level of transparency they otherwise would not see in an active managed fund, they are also able to, in general, lower cost and generate better results. Our index funds charge minimal fees and have no entry and exit fees when paying and receiving in Bitcoin. The high volatility in cryptocurrency makes it difficult to invest. Furthermore, insider information can exist everywhere. By indexing a crypto portfolio, customers enjoy a more stable portfolio while reducing trading fees. Our index is designed to be as transparent as possible.
Our Indexing Construction ConsiderationsMarket Capitalization Weighted:- Most common practices, ex: S&P500, FTSE, MSCI, DAX, Hang Seng
- Index members are assigned weights based on their individual market value
- Enables investor keeping money on winners based on their value
- Most Optimal for crypto investing
Price Weighted:- This methodology is less common, ex: Dow Jones Industrial Average
- Each index members gets same number of shares
- The number of shares will play key role in portfolio formation
- Not optimal for crypto investing
Equal Weighted:- This methodology is less common
- Each index members gets equal weight in portfolio
- Creates bias against larger cryptocurrency in favor of smaller cryptocurrency
- Not optimal for crypto investing
Fundamental Weighted:- Weights are calculated based on fundamental metrics like earnings/sales etc
- Lack of fundamental data available in Crypto space
- Not optimal for crypto investing
Factor Weighted:- Weights are calculated based on specifics like value, volatility, momentum etc
- Due to high volatility in cryptocurrency might require active management
- Not optimal for crypto investing, might be interesting for active traders
Indexing that works in CryptocurrencyMarket capitalization weighted index design is the most optimal way of investing passively in cryptocurrency space. Weights: As the coins are in the early innovative stage it is hard to predict success of any individual coin. While assigning the weights the index creator needs to optimize a problem of assigning weight based on present market value but again not giving it too much weight to bias the portfolio. Liquidity: While deciding the members of an index portfolio one needs to ensure that the member has enough freely trading volumes. It helps in avoiding coins whose price is controlled by fewer owners and can get difficult to liquidate when price spikes or tanks. Trading History: This is very important factor in designing a passive cryptocurrency portfolio. With the explosion of altcoins and mass adoption of ICOs, protocol tokens can have high price volatility due to the unknown success nature of the project. ICO have high price volatility. Rebalancing: It is advisable to identify the optimal index rebalancing period by modeling the index returns and costs associated at different rebalancing time frames. Options of Crypto Index funds in market?To cater the need of the market, Cryptomover introduced a family of index funds. The Cryptomover 10 Index (CM10) is an index with the top 10 most liquid cryptocurrencies weighted (with maximum weight of 25%) by market capitalization. The index covers more than 90% of the overall market cap with a face value 1000. The index is rebalanced on a monthly basis so that investors can invest passively using CM10. CM10 has an amazing performance over the past 6 months (Yield = +500%YTD) and it is a great choice for passive customers who want to participate in the volatile cryptocurrency markets. It is also an option for people who are new to the market and seeking for an entrance Disclaimer: This information on this article is for general information purposes only. It is not intended as financial or investment advice and should not be construed or relied on as such. Before making any commitment of a financial nature you should seek advice from a qualified and registered financial or investment adviser. No material contained within this article should be construed or relied upon as providing recommendations in relation to any financial product.
Feel free to leave a comment and please ask if there are any questions! You can also visit our website to learn more  |
|
|
|
|
