This is great, real defi solution. I don't know why market does not appreciate your works. Great updates! Whats the difference from a wrapped BTC and a 5 sec BTC transfer with Egem Sapphire? Do you send a real BTC in 5 seconds?
thanks again. cheers
Wrapped BTC is not BTC but a substitute for BTC that requires you to get it from the wrapped source right? "wBTC is a BTC-backed ERC20 token. Each wBTC in circulation is backed 1:1 by Bitcoin and is held in cold storage by BitGo, the first qualified custodian purpose-built for storing digital assets" that is the quote from https://coinlist.co/asset/wrapped-bitcoin?gclid=Cj0KCQjw-af6BRC5ARIsAALPIlUIDv2SlDLejgxGfOnjXci3g7rjw42lPekMmmBMe3_pbLj6G0apUIgaAvbeEALw_wcBso sure you can send it to another party as fast as the blockchain it is wrapped on, but then when you want to withdraw that BTC to your BTC wallet or the receiver wants to spend it as BTC they have to wait 30 minutes (3 confirms) for the "unwrap" of that WBTC to get their actual BTC in their BTC wallet on the BTC chain and pay a fee. (I' not even going to talk about the part where its held by a custodian of sorts) Now let's compare and contrast that to the 5 second BTC idea. The 5 second BTC idea follows this principle in life: "own nothing and control everything"so what that means is you actually don't have ownership of the BTC private key but it is stored in such a way that you control it with your EGEM account. So what good is that? Well, you could sign a transaction that sends that BTC to any BTC wallet you want to and it happens because you control access to that private key even though you don't have it in your possession. Okay so great we can send some BTC using a wrapped wallet that listens to our EGEM private key. What good is that? so the next principle in your answer is this: "Make that control transferable in part or whole"So, that means you have another option with your BTC is you can transfer control of that BTC to another party in whole or part. This means you can prove that you don't have access to that BTC pk any more with your egem wallet and someone else (whoever you transferred it to) does. And the whole or part means they have access to the unspent satoshis they own, because you might only be transferring half of your stash to them on BTC. So its not even just control but specific control of the parts that make up the BTC. Using this approach a transfer is instant when its recorded so as long as you can use the next principle I am going to mention (below) you can transfer as fast as the host block chain can record that transfer which iin our case is a goal of 5 seconds. You did not have to move the bitcoin to have the new owner get real bitcoin on the real bitcoin chain in their wallet and pretty much that is immediately done. The receiver has full control over this bitcoin to send it wherever they want and they did not have to wait for any confirms on the BTC block chain, they can prove that the balance is there on the BTC block chain and that they own it, so that is a real BTC transfer of ownership in almost an immediate (in this case 5 second) event. So then what is that last principle? "Post and Prove it in the wide open on chain public"This is where sapphire chain comes in because you have the ability(and the person you are trading with or transferring to has the ability) to run functions that prove publicly that you dont have the private key for the BTC you traded them and that they do not have it either but that they control it and you don't. And, finally we do this by using native functionality to the block chain which is this: signed messages. It works since beginning of time, just ask Craig Wright about the ability to fake a signed message from a BTC address. He could not do it on bitcoin and he can't do it on a respectable block chain. So this is the accepted standard for proof of ownership. This snippets are from an upcoming article I will eventually ffinish and post called "How to start a truly decentralized bank on EGEM" and it deals specifically with why this is the method I chose to implement transfers. Sapphire is truly decentralized on chain experience and we are getting close. If you like what you read, please come to discord.egem.io and find the #sfrx-chat channel and stop by. We have a GPU miner starting to show in tests and the chain is getting close to an initial fielding. This is after over two years of work. We are not fly by nighters, but are going to be working on this until it goes live. You have a chance to participate in it with us at egem.io and see all the other stuff we have as part of this ecosystem including nodes and bot interaction, mining on older GPUs, a great eth core, a multi currency mobile wallet, and more. |
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any sign of survival for this coin?
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a truly decentralized exchange inside crypto wallet with single login is really needed, Sapphire-egem will crush binance . I just made an account so i can reply for once here, i am following the ethergemcoin now since august 2018 if i am correct and forever feel I BAD that I didnt find them before the launce! But nonetheless it only shows what a true crypto project "should" "would" "need" and "does" shows to their community, and is very open about what they are trying to accomplish! Ask in depth questions, trigger their ideas and they will reply to you and not hide or kick you out of discord, they want you to challenge them, that is another feature that will make this project go BOOM! For the people that dont know what is about to come! sapphire (sfrx) will come with a multi wallet where you can hold different coins with just one PK (login) and in side that same wallet there will be a DEX.. what you say??? yes a DEX! which means you can trade your EGEM, SFRX, and many other coins right from your wallet and you dont have to send it to an exchange! DISCLAIMERyour wallet your money!!!in the end you just need to go to discord.egem.io and see for yourself, you wont regret what you will find there! DISCLAIMER 2ethergem and sapphire arent hyped and shilled coins, matter of fact is that they hardly do anything besides tweets or medium/reddit posts
you need to do some effort to see the potential of these "2" coins (they work together), it aint gonna be put on a golden platter  |
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A Letter to Our Valued investors and Users: The Next Chapter in Our Story
We are thrilled to announce that today we have been acquired by A group of Private investors who are passionate about indinode and are willing and ready to invest in it's future!
For those who haven't familiarised with the project, indinode (XIND) is a community-focused, privacy-based coin that is driven to maintain sustainable growth, development, and fair practices within the masternode coin space. Indinode is a self-funded, self-governed, private, instant, and secure cryptocurrency.
What does this mean for you?
On a day-to-day, it’s business as usual only now we have new resources and capabilities to continue driving value for you and new users.
Thank you!
I want to take this opportunity to thank each and every one of you for putting your trust in us and being part of our early investors
Our story continues…
In order for a good transistion i am stepping down as community lead from all of my responsibilities. This discord and all social links will be transfered to the new Team. Please help and support them. For me it was a long journey as i met very nice people here on discord, always helpfull und understood all difficulties associated with our Coin.
@Quarty Boss i am now transfering the discord to the new Team
Congrat for new team... hope we can move higher together. |
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Whats going on now that c-cex is shady?
c-cex delist everything |
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pump dump coin no backup dev hase most of the coins greetz then back to original price, just hijacking the name of bitcoin. Too overvalue, few exchange, no unique feature just another masternode coin. |
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We have added key/mnemonic import and export feature for SimpleWallet CLI. You can import your wallet with mnemonic (such as generated by web wallet).
If you want to have a try, build from github master. 🎉
nice to see some development activity here... |
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Here are some Highlights coming to EGEM really soon!
- New website made by a few in the community.
- Block halving as part of our monetary policy @ block 2,500,001.
- SFRX testnet is "REALLY" close to public testing.
- More progress towards EGEM monsters.
- VLDY has a new UI for the token voting in the works that some of the internal team has seen and is quite nice!
- We are par for course for our internal roadmap and things are only slightly behind but progress is always being done daily.
- Thank you everyone for the continued support.
great, can't wait to test 5 second BTC transfer. |
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your telegram chat link leads to a private telegram account.
both, from cmc and your website.
maybe you want to fix that?
atm there is no other way than twitter or e-mail to get in touch with the officials.
maybe here?
Trustnote rebrand to Ring network, you can join telegram here.. https://t.me/RingNetwork |
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Bitquark finally delisting from c-cex, withdraw all your coin.
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C-cex will delist this coin today, any plan for another exchange?
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 Coin specifications:POW/POS Algo Nist5 Ticker BSX Block time 60 seconds Min. stake age 24 hours Max. stake age unlimited Block maturity 30 blocks Decimal place 8 Min. sending fee 0.000001 BSX POW ends at block 200 000 POW miner reward: block 1-120 000 = 100 BSX per block block 120 001- 200 000 = 50 BSX per block End of POW = block 200 000 POS miner reward: 5% annually RPC port: 13250 P2P port: 13252 Total supply: 13 000 000 after end of POW currently in circulation Approximately 13 584 000 coins in 1 year. Approximately 14,168,000 coins in 2 years. Approximately 14,752,000 coins in 3 years. Approximately 15,336,000 coins in 4 years. Approximately 15,920,000 coins in 5 years. About
Cryptocurrencies have already changed the world over the past few years.
Bitspace is here to join the economy revolution with it´s decentralised cryptocurrency ecosystem.
A highly profitable, global cryptocurrency ecosystem that doesn’t rely on banks or financial institutions.
The BitSpace team intends to implement the extended functionality of Bitspace Ecosystem by incorporating such applications as BSX miner program, BSX Exchange, BSX bank and BSX Platform for renting and leasing rigs + Algorithm convertor.
Implementation of those products seeks to expand the coin’s sphere of circulation, thus driving demand for it.
BSX is a decentralized digital currency that enables instant payments to anyone, anywhere in the world. BSX uses peer-to-peer technology to operate with no central authority,
Bitspace´s blockchain also summarizes the best characteristics of digital currencies, which were issued earlier (Bitcoin, Peercoin), such as: increased security, fast consensus mechanism, and increased decentralization achieved by requiring miners to prove the knowledge of the transaction data.
By adopting the Hybrid PoW+PoS censuses mechanism, BitSpace can maximise user engagement, benefiting both parties.
BSX holders and miners can participate in decision making by mining and voting.
Distribution
Bitspace is a POW/POS hybrid
POW and POS starts from 1st block.
POW block reward is constant 100 BSX per block until block 120 000.
From Block 120 001 - 200 000 POW block reward is constant 50 BSX
POS is 5% annually.
POW mining phase will end at block 200 000.
After POW ends. Bitspace will be auto switched to pure POS. Actual rich list BSX POW Algorithm is Nist5Nist5 hashing algorithm uses a combination of algorithms like BLAKE, Groestl, JH, Keccak/SHA-3, and Skein. High-Security + Energy-Efficient BSX is only GPU mineable. No asics.  Github repository POW MiningNist5 is only GPU mineable POW Mining period will end at block 200 000. Around 3 months of POW mining. What you need to mine Bitspace? 1. Wallet 2. Miner Software 2.1 Miner Configuration |
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You can consider bitspace (BSX) RE:
Top10 p.o.s. by Cap Rating
It would be interesting to see how many of each you would need to start getting weekly stakes.
That's the goal for this subset. I can only stake POT with success. If you have a few 1000 wait 2-6 weeks and the weight will hit if you run the node several hours. BUT the client is very slow to sync so you need to sync daily. I like BLK, it has a prolific history, low inflation, and good market placement, but is nearly impossible to stake. Same for PPC or RDD. But PPC has high POW-side inflation. BLOCK and BAY are deeply project/platform determined. And I have never, nor do I ever expect to mint a block. But I respect their goals and momentum. In general I am focused on chains that only require a few $$$ to yield decent stakes for sync/node participation. Thus Top10 is for deep pockets, but TALK "ride the bus" camp stands to establish solid pos chains that (today, right now) yield decent stakes without the need to invest zillions, yet survive to hold Top100 pos rankings in the year 2020. POS is a big deal that few on the mainstream realize, all it takes is a laptop or even a RaspberryPi, no need for ASIC or GPU farms. TLDR; "getting weekly stakes" = impossible *exception POT but you need a strong handbonus info
PIVX produced nearly $1M in stake in 1 day, that ain't sustainable, see the chainz data |
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