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Interesting read about upcoming system on Ethereum's blockchain. The LN basically creates a payment channel that lets everyone transact with each other directly instead of having to broadcast their interactions in the blockchain. This saves time and money, and guarantees that only fundamental operations are tracked on the blockchain. Like the LN, Plasma is a technique for conducting off-chain transactions while relying on the Ethereum blockchain to ground the securities. Off-chain techniques like this and LN sufficiently guarantee a level of security and finality. Fortunately, the features of Plasma dont stop here. We could sum up the benefits of Plasma as follows: It helps the Ethereum blockchain handle much larger datasets. It increases the transaction capacity of the Ethereum blockchain. It lowers fees. Gets rid of data that is not necessary on the main chain. The advantages of plasma are very clear. Even though it is still in early stage development, the technology promises to tackle some of the most important issues on the blockchain sphere: scalability, speed, and cost. In the coming future, projects that have extensive proposals to improve scalability, like Ethereum, are the ones that will thrive. read more: https://www.poolofstake.io/blog/ethereums-plasma-a-different-state-of-matter/ |
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Hey guys, I found this project interesting as an upcoming ICO, gaming platform for CS and LOL, already active product, running everyday with a community of users, interesting team with a lof of advisors, https://yamzu.io/Do you know any other project like that? I think blockchain is a great place for eSports so I see some potential in this project, wondering how they can failure and what might go wrong as till now I am seeing a lot of nice things in this project, would love to hear from you |
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A central idea of blockchain technology is the distributed ledger. It is called a distributed ledger because instead of being stored in a central location, it is stored across a network of computers all around the world. For a distributed ledger to work, the entire network collectively has to agree with the contents of the ledger; this is the job of the consensus mechanism. The most popular blockchain consensus mechanisms are the Proof of Work (PoW) and Proof of Stake (PoS) systems., A number of other systems exist, such as Delegated Proof of Stake (DPoS) and Federated Byzantine Agreement (FBA) however this article will be focussed on presenting and then comparing PoW vs PoS. more: https://medium.com/@poolofstake/how-to-crypto-part-iii-proof-of-work-and-proof-of-stake-664dd2368ad0 |
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A central idea of blockchain technology is the distributed ledger. It is called a distributed ledger because instead of being stored in a central location, it is stored across a network of computers all around the world. For a distributed ledger to work, the entire network collectively has to agree with the contents of the ledger; this is the job of the consensus mechanism. The most popular blockchain consensus mechanisms are the Proof of Work (PoW) and Proof of Stake (PoS) systems., A number of other systems exist, such as Delegated Proof of Stake (DPoS) and Federated Byzantine Agreement (FBA) however this article will be focussed on presenting and then comparing PoW vs PoS. more: https://medium.com/@poolofstake/how-to-crypto-part-iii-proof-of-work-and-proof-of-stake-664dd2368ad0 |
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In the cryptoworld, Casper is an umbrella term that covers two fundamental upgrades for Ethereum. The first one is called “Casper the Friendly Finality Gadget” (FFG). This consists in a change from the current pure Proof of Work (PoW) validation system to a hybrid form of Proof of Stake (PoS) and PoW. It is planned to be implemented throughout 2018 and the beginning of 2019. The second upgrade is called “Casper the Friendly GHOST: Correct by Construction” (CBC). This is a full PoS blockchain fork-choice rule protocol. Its implementation is planned for the coming years. In the following article, we concentrate on explaining Casper FFG. We chose only this upgrade because it will be implemented sooner and it is more relevant for Pool of Stake. Please do not be intimidated by the terminology. this article is intended to paint a simple and clear picture of Casper FFG. However, we do expect the reader to be at least familiar with PoW, PoS, and their main differences. What sets Casper FFG apart from most other PoS algorithms, is that there is a process to punish malicious behavior. As we stated before, validators will lock up a portion of their ETH in a similar condition to staking a bet. Any malicious behavior makes the validator lose this bet. Casper FFG is designed to be “Byzantine Fault Tolerant”. This means that it punishes any act that has a malicious (or Byzantine) intent. Casper FFG’s behavior control does not stop here. It has additional controls to guarantee network security, including punishing validators that go offline. The idea is to not only reward good behaviour (as other PoS) but also punish malicious behaviour. This creates an additional incentive (or fear of punishment) for validators, who need to make sure that they take care of their node uptime. Casper FFG is designed to ease the initial transition to PoS. This is going to be done by overlaying a smart contract over the normal “ethash” PoW protocol currently in use. Miners will continue to create new blocks and every 50th block a PoS mechanism will be used. This will ensure that every 50th block “finality” is reached. “Finality” refers to a record of a transaction or operation that is forever registered in a ledger and cannot be reverted. It is argued that no system can provide 100% finality, but Casper FFG comes quite close. There are three reasons where Casper FFG does this very well. In conclusion, Casper FFG provides a set of reasons to get close to finality, and benefits to the Ethereum network. The punishing mechanism that derives from the ⅔ based agreement system creates a huge deterrent for attackers, since any malicious activity would result in a harsh penalty. Additionally, it would also lead to a depreciation of the token that the malicious actor holds. Apart from this, the benefits that Casper FFG will bring to Ethereum include higher decentralization, energy efficiency, economic security, and the ability to scale. source https://www.poolofstake.io/blog/casper-ethereums-treasure-keeper/ |
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We are happy to announce that the first Coin Community Vote is taking place from 29 June 12:00 until 18 July 18:00 CE(S)T. It is the first instance of internal governance in which the community decides Pool of Stake´s direction. You pick the next PoS project that will become part of Pool of Stake. Pool of Stake is going to conduct regularly a Coin Community Vote. In the future, the vote is going to take place via our PSK platform that is yet to be constructed. The aim is that Pool of Stake stays community-driven and that users have the chance to voice their preference on which coins they want to be able to stake with Pool of Stake. Taking regularly decisions on the next step, instead of deciding at one single point of time the next 10 steps, gives Pool of Stake the possibility to stay agile to the unexpected changes of the crypto market. So, how exactly does it work? From 21 June at 12:00 CE(S)T you will find on poolofstake.io a list of possible PoS coins that you can vote for. The list consists of projects that either make sense from the business perspective (e.g. relatively high degree of adoption, use of smart contracts..) or were brought forward to us by the community. full read: https://www.poolofstake.io/blog/first-coin-community-vote/ |
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1. Blockchain makes eSports more transparent and secureeSports have a trust problem. Players have to trust the organizer, the sponsor, and even the fans sending them donations. But scams are big business in eSports. People with no intention to pay out prizes use the branding of well known organizers. Trolls send donations to players only to reverse the payment weeks later. And sponsors list fake prizes that they never send to winners. Blockchain will help make eSports more transparent and secure. Prize pools can be held securely in escrow in smart contracts, automatically sent to the winner when the results of a match have been verified. Players won’t need to be able to trust that the sponsor or organizer is acting in good faith because there’s no way for a prize or donation to be taken back. 2. Blockchain levels the playing field between amateurs and professionalsAs the industry has grown and professionalized, the wage gap between gamers has become wider. Now, it’s harder for amateurs to take part in the major tournaments and access higher prize pools. Blockchains lower the variable cost of operating a secure database. This means Yamzu can treat small and big budgets the same, and anyone can organize, and take part in, tournaments. Blockchains equalize the status of players so that everyone can access a level playing field where only skills matter. 3. Blockchain puts players in controleSports players are put under a lot of pressure. Managers have forced their teams to throw games and lose on purpose so they can illegally fix betting odds. And due to the high costs of setting up a tournament, players have to rely on big budget organizers who don’t always have their interests at heart. Currently, there’s no easy way for eSports players to create their own events. Blockchain-enabled smart contracts make it cheaper to set up a tournament and distribute prizes. Now gamers are free organize competitions with their own rules, independent of sponsors and affiliates. 4. Blockchain makes it easier to monetize eSportsCryptocurrencies offer players a secure way to receive payments that cannot bounce or be taken back. More tournaments mean more opportunities to win prizes. The only thing that should matter is skill, not fame. This will give visibility to more talented players around the world and make it easier for teams and sponsors to scout new talent. With the blockchain, Yamzu can bring together all the resources and tools a player, team, sponsor or developer might need to earn revenue from eSports: team and tournament setup, prize pool payout, stats, and the integration of new games. http://yamzu.io/ is driven to make eSports more transparent and secure. As players ourselves, we are confident blockchain will help put gamers in control as the industry continues to grow. Peer to peer gaming is about sharing the value with the dedicated players who create it in the first place. Our decentralized eSports platform will demonstrates the full potential of blockchain technology. What do you think? source: https://medium.com/@yamzu/4-ways-blockchain-is-going-to-revolutionize-esports-8dae1cae880b
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1. Blockchain makes eSports more transparent and secureeSports have a trust problem. Players have to trust the organizer, the sponsor, and even the fans sending them donations. But scams are big business in eSports. People with no intention to pay out prizes use the branding of well known organizers. Trolls send donations to players only to reverse the payment weeks later. And sponsors list fake prizes that they never send to winners. Blockchain will help make eSports more transparent and secure. Prize pools can be held securely in escrow in smart contracts, automatically sent to the winner when the results of a match have been verified. Players won’t need to be able to trust that the sponsor or organizer is acting in good faith because there’s no way for a prize or donation to be taken back. 2. Blockchain levels the playing field between amateurs and professionalsAs the industry has grown and professionalized, the wage gap between gamers has become wider. Now, it’s harder for amateurs to take part in the major tournaments and access higher prize pools. Blockchains lower the variable cost of operating a secure database. This means Yamzu can treat small and big budgets the same, and anyone can organize, and take part in, tournaments. Blockchains equalize the status of players so that everyone can access a level playing field where only skills matter. 3. Blockchain puts players in controleSports players are put under a lot of pressure. Managers have forced their teams to throw games and lose on purpose so they can illegally fix betting odds. And due to the high costs of setting up a tournament, players have to rely on big budget organizers who don’t always have their interests at heart. Currently, there’s no easy way for eSports players to create their own events. Blockchain-enabled smart contracts make it cheaper to set up a tournament and distribute prizes. Now gamers are free organize competitions with their own rules, independent of sponsors and affiliates. 4. Blockchain makes it easier to monetize eSportsCryptocurrencies offer players a secure way to receive payments that cannot bounce or be taken back. More tournaments mean more opportunities to win prizes. The only thing that should matter is skill, not fame. This will give visibility to more talented players around the world and make it easier for teams and sponsors to scout new talent. With the blockchain, Yamzu can bring together all the resources and tools a player, team, sponsor or developer might need to earn revenue from eSports: team and tournament setup, prize pool payout, stats, and the integration of new games. http://yamzu.io/ is driven to make eSports more transparent and secure. As players ourselves, we are confident blockchain will help put gamers in control as the industry continues to grow. Peer to peer gaming is about sharing the value with the dedicated players who create it in the first place. Our decentralized eSports platform will demonstrates the full potential of blockchain technology. What do you think? source: https://medium.com/@yamzu/4-ways-blockchain-is-going-to-revolutionize-esports-8dae1cae880b
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Pool of Stake is creating a safe pool for Proof of Stake coins, the future of blockchain. Qtum, Stratis, Universa and soon Ethereum holders can unite in the Pool of Stake and start staking together. Pool of Stake aims to operate in all types of PoS blockchains- Smart Contract platforms or blockchains with a delegated mechanism. The main goal for Pool of Stake is to increase the profits for small coin holders by enabling a trusted environment to pool funds together. For this purpose, two tokens are used. First, the ERC-20 PSK token that gives discounts an rewards withdrawal fees. Second, a KEY token that acknowledges the user’s initial investment. The PSK platform will provide an analytics tool via a smart i.o. database that will allow members to track, control and optimize their investments. Pre Sale is live! Allocated Tokens: 19,1M € Value: 4,25M € Discount rate: 26% Bonus rate: 35% PSK unit price: 0,22 € Start date: 18/06/2018 12:00 CEST Stop date: 20/07/2018 12:00 CEST ------- https://www.poolofstake.io/White Paper - https://www.poolofstake.io/#whitepaperTeam - https://www.poolofstake.io/#teamRoadmap - https://www.poolofstake.io/#roadmapTelegram - https://telegram.me/poolofstakeTwitter - https://twitter.com/poolofstakeMedium - https://medium.com/@poolofstake |
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Hey guys, are you staking with QTUM? I found this upcoming ICO and I think its very interesting, they already have an MVP on QTUM testnet and some interesting plans for this year, If you are staking or holding Proof of Stake coins, it might be something interesting for you as well, this is an explanatory article -> https://www.poolofstake.io/blog/the-pool-of-stake-qtum-mvp-is-here/ |
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