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BlockchainVocabulary 📚
📱dApp = Decentralized APPlication
A dApp is an application that runs on top of a blockchain - offering benefits like immutability, accountability, anonymity, enormous bandwidth, and control over personal #data!
💡The biggest difference between dApps and regular apps is simply the fact that a dApp has its backend code running on a decentralized peer-to-peer network while apps like we know them have their backend code running on centralized servers.
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Bitcoin Owner Has Made Peace With Potential $385 Million Loss 😨💸German programmer Stefan Thomas made headlines earlier this year after he lost the password to his hard drive and therefore access to 7.002 Bitcoins. The hard drive was an #IronKey device which gives owners 10 chances to guess their password before encrypting the contents. ⇢ Thomas only had two attempt left to guess correctly before this situation occurred. Thomas now lives in San Francisco and recently told KGO-TV in an interview that time heals wounds and he had made peace with his potential loss. However, Thomas is only one of several #Bitcoin owners who have been locked out of their wallets which has left a large amount of Bitcoins collectively worth a few hundred million dollars unable to be retrieved. ❌ Make sure you learn from his mistakes and store the password to your crypto wallets in a save place! 🔐 In the world of #cryptocurrencies, you are responsible for the safety of your #assets and no middlemen will ever be able to access your account unless you share your #key with them. https://www.berliner-zeitung.de/en/stefan-thomas-the-bitcoin-millionaire-who-lost-it-all-li.133363
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TechTuesday 💍Wedding Ceremony Was Yesterday - Now People Get Married On The #Blockchain ∞Last week, a Californian couple has used tokenized rings to immortalise their marriage on the Ethereum blockchain. The blockchain, unlike physical objects, is forever. It is immutable, impossible to censor, and does not require anyone’s permission. Just as love should be! 🤍 This was not the first and probably not the last blockchain-based marriage. Would you ever use tokenized rings to tie the knot between you and your partner? Source: https://cointelegraph.com/news/couple-gets-married-on-ethereum-blockchain-for-587-in-transaction-fees
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Half a Billion People Just Had Their #Facebook #Data #Leaked ❗️A few days ago, it was released that private information like full names, birthdates, past locations, and email addresses of half a billion Facebook users got leaked on a well-trafficked #hacking forum. Just at the beginning of 2021, Facebook already made negative headlines when hackers used bots to gain access to users phone numbers. But this most recent hacks takes the privacy concerns to another level! On #decentralised platforms however, a data leak like this wouldn’t be possible! On #APPICS for example, users are given full control of which information they want to share and where it goes. Also, every transaction between users is secured through asymmetric cryptography, making the #blockchain one of the most secure methods for payment and data storage. 🔐 Read more about the Facebook data scandal - https://cointelegraph.com/news/half-a-billion-people-just-had-their-facebook-data-leaked
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This Family Bet Everything On #Bitcoin 💰👨👩👧👦
#Appics user Didi Taihuttu, his wife, and their three kids decided to bet everything that they own on Bitcoin back in 2017.
They liquidated all of their #assets, including a profitable business, a 2,500-square-foot house and eben their shoes to trade it all in for Bitcoin and a life on the road. 🚧
The Taihuttu family invested in Bitcoin right before the historic bull run in 2017 - when the price per BTC increased from $900 to $20,000!
Four years and 40 countries later, Didi and his loved ones are traveling the globe as „the Bitcoin family“. They still don’t have bank accounts, a house, or many material possessions - all of the family’s savings remain tied up in highly volatile #cryptocurrencies!
Taihuttu recently said in an #CBNC interview that he thinks in this 2021 bull cycle, we are going to see a minimum peak of $100,000. He won’t be surprised if it hits $200,000 by 2022.” 📈
What are your #predictions for the Bitcoin price in 2021?
Tell us in the comments below ↡
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#HappyEaster 🐣🌷
“Easter reminds us that life never ends and love never dies”
Team #APPICS wishes you a blessed easter weekend filled with laughter and joy! Even though we all follow different beliefs and religions, there is something we all have in common - the sense of #community! 🤝
Use this time to call your loved ones, message old friends, or connect with people who are close to you online! #Spring truly shows us how beautiful change can be - take this #energy and spread it around the ones who are close to you!
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#CryptoFacts 🤓
Why You Can't Cheat On #Bitcoin ☝️
In order to create #Bitcoin, you need a so-called “miner” which receives BTC as a reward for completing “blocks” of verified transactions.
Let's say everybody is working on block 91, but one miner wants to alter a transaction in block 74 - all the computations for blocks 74-90 would have to be re-done.
And what’s even harder - that would have to be completed before everyone else in the Bitcoin network finished the one block (91) that they’re working on, which is almost impossible.
This simplified example demonstrates why a Blockchain, the underlying technology of any cryptocurrency, is absolutely tamper-proof. Transactions are immutable and transparently recorded on the Blockchain with a time stamp.
The #crypto world is decentralized and transparent - replacing the need to trust a central authority or system!
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Learn Some Blockchain Vocabulary With Us 🤓
If you’re new to the crypto space, it can be confusing to hear all the technical terms and abbreviations constantly being used.
So in this series, we´ll explain the meaning behind frequently used technical terms in the blockchain space!
⇢ Todays vocabulary is REKT
REKT is an internet slang for “wrecked,” meaning severely damaged or utterly destroyed and ruined.
In the crypto community, rekt often refers to someone who has experienced a heavy financial loss due to a wrong #trade or investment, or whose trading position has been liquidated.
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Benefits Of The EOSIO Blockchain ⛓ As recently stated in our Moon Version 1.0 update, we are currently in the process of migrating to our custom #EOSIO blockchain powered by #Telos. If you haven’t read the #APPICS update, click here -> https://appics.medium.com/appics-update-migration-process-milestones-2021-e4cf1b0bc5aaFor those of you who aren’t familiar with the EOSIO technology, we’re now going to share amazing benefits of it every week! The first major benefit is increased Performance 🏃♂️💨The EOSIO Blockchain is one of the fastest public blockchains with nearly 4000 transactions per second! This allows us to improve the user experience on APPICS and speed up transactions with #APX as well.
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#CryptoFacts ☝️
Did you know that Bitcoin’s market cap surpassed the three highest-valued global banking giants by market capitalization? At its all-time high of $61,700, bitcoin’s market cap was roughly $1.15 trillion. The combined market cap of JPMorgan Chase, Bank of America and the Industrial and Commercial Bank of China is $1.08 trillion.
Visa and Mastercard, the biggest payment networks, have a combined market cap of $875 billion, also now significantly less than #bitcoin.The cryptocurrency space keeps growing and we’re reaching new milestones every week.
You can check the current Bitcoin price and market cap on coinmarketcap.com
Are you already a passenger on the crypto train? 🚂
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You Can Now Send Bitcoin With A Single Tweet 🐥 ₿The global payment app Bottlepay just launched its integrated Bitcoin Social Media feature, which allows their users to make transactions to another user automatically, without fees, in a single Twitter post. Due to its skyrocketing popularity, Bitcoin transaction fees have risen significantly since last year. And so, Bottlepay decided to circumvent those fees by using the Lightning Network, a second-layer solution that avoids network congestion by taking BTC transactions off-chain. “Bottlepay’s social Bitcoin payments are a much-needed update on the clunky, outdated payment systems available up until now, and a leap towards smoother, easier transactions,” said Bottlepay CEO Mark Webster. Read more: https://cointelegraph.com/news/bitcoin-can-be-sent-with-a-tweet-as-bottlepay-twitter-app-goes-live
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Blockchain Meets Purpose ✨💻
Everyone has something that lights their fire within. 🔥
❔What is the WHY behind what you do?
In life, we are constantly facing challenges - but what is it that makes you happy and lifts you up when you’re feeling down?
Is it music 🎻? Creating art 🎨? Any kind of sports 🏈? Or maybe helping others 🤝?
Blockchain technology allows us to not only connect people globally no matter where they come from, it also enables us to give back, support the ones in need and give artists a platform of recognition and positivity.
Your most powerful weapon is your soul. Following your passion makes you unstoppable.
So what lights the fire within YOU? 🕯
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#cryptofacts
Did you know that the federal reserve lost $9 trillion USD in 2009 which are $30,000 per US citizen that vanished? 🤔
🔓This wouldn’t have happened in a decentralised system because the blockchain has an open ledger which makes all transactions ever taken visible to anyone!
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#cryptonews UFC Joins The Crypto Space 🤼🥊The world’s leading mixed martial arts organization has announced an exclusive partnership with one of the top crypto-powered online casinos and sports betting platforms Stake.com. UFC promised to offer exclusive digital and social content to their fans, as well as an innovative gaming experience. 🎮 Stake supports eight crypto assets - including Bitcoin, Litecoin, Ethereum, Ripple, Tron, Eos, Doge and Bitcoin Cash!
https://cointelegraph.com/news/ufc-announces-regional-partnerships-with-top-crypto-only-sportsbook
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Time to get ready for Moon Version 1.0 📣🌕As many of you are already aware, due to the process of migrating to our new Blockchain, our backend has been compromised, which the performance and thus user experience suffered from. To make sure everything is working smoothly and to speed up the process of launching the updated version of APPICS for iOS and Android 📱, we arrived at the decision that it would be best to put the current APP version in maintenance mode. Before we are ready to migrate completely and release the updated version of the app, there are a few things that need to be accomplished which you can read here in our official statement ⇢ https://appics.medium.com/appics-update-migration-process-milestones-2021-e4cf1b0bc5aaWe are very grateful for our strong community and we’re happy that you enjoyed the Beta of APPICS. 🙏 While we are now in maintenance mode, we hope that this update about what’s happening behind-the-scenes keeps you excited about the migration and long awaited launch of APPICS!
Together we are not only strong, but together we are APPICS! 🤝💥💛
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Doge Coin Is Now Supported At 1,800 ATM Machines In 45 US States 🇱🇷The famous meme coin “Doge” was initially released in 2013. The cryptocurrency should be a payment system that is instant, fun, and free from traditional banking fees. 🙅💰 After SpaceX and Tesla founder Elon Musk posted a rocket going to the moon on Twitter and added “Doge” in the comments, the cryptocurrency´s price rose 25% almost instantly - and another 175% within the first two weeks of February! Now all U.S. citizens have access to buy Doge besides other digital currencies such as Bitcoin or Ethereum through 1800 ATMs across the United States, according to a Tuesday tweet by ATM provider CoinFlip. Are you jumping on the Doge train? 🤔 https://cointelegraph.com/news/doge-is-now-supported-at-1-800-atms-in-45-us-states
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Decentralised Social Media - Why Do We Need It ? 🤔Back in the early days of the internet, the web was decentralized in its own way, with each website representing its own space, resulting in a vast network of nodes threaded together by hyperlinks. But once both the network and number of users grew, Google capitalized on this by building an algorithm that searched the web and returned results and, in the process, kicked off a new internet that was defined by algorithms - and suddenly, we were all being influenced and directed by black-box algorithms. ◼️ ❌Now big tech companies dictate what content is acceptable to share and what should be promoted therefore they are no longer tools to promote individuality and self-expression! ☞ https://cointelegraph.com/news/social-media-giants-must-decentralize-the-internet-now?utm_source=Telegram&utm_medium=social
——————————————————————— APPICS, Voice, DTube and many other decentralized platforms based on a blockchain are made for the people and built by a community where every user has voice! 🗣 Let’s bring the power back to the people and recreate a space of individuality and self-expression! Learn more: www.appics.com
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Bitcoin Just Surpassed The $50k Mark And Reached A New ATH💥📈💡 Learn some crypto vocabulary:📈ATH - All Time High 🪙ALTCOIN - An alternative coin to Bitcoin ₿ BTC - Bitcoin 🦄DeFi - Decentralised Finance ⛽️GAS - A fee which must be paid to execute Ethereum transactions 👨⚖️KYC - Know your customer. Info gathered by exchanges in compliance with laws. The Bitcoin price just reached $50.000 and the whole cryptocurrency market cap has now surpassed $1.4 trillion 💥 Exactly 1 year ago, the BTC price was at $9700 - meaning we have seen a price increase of almost 500 % in the last 12 months! Have you ever experienced a bigger increase in any other financial market than crypto? 🧐 ↓ Leave a comment below ↓Investing in cryptocurrencies is easier than you might think. Bitcoin for example can be purchased in small units instead of a whole Bitcoin at once - or you can sign up on APPICS and earn cryptocurrency through social engagement! www.appics.com
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💥 Win up to 50 ETH Ethereum is the second-largest cryptocurrency by market cap which is experiencing massive growth at the moment. ETH continues to reach new all-time highs, just surpassing $1800, and is one of the most promising and lucrative cryptocurrencies to invest in at the moment. Do you hold any Ethereum already? 🤔 Check out the link below for a chance to win up to 50 ETH by completing a digital puzzle! Learn more about the rules → https://50ethpuzzle.com/#eth #ethereum #puzzle #appics #blockchain #cryptocurrency
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