Ridwan Fauzi
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February 16, 2020, 06:49:55 AM |
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Please ban this newbie account CryptoJack101 he/she has plagiarized the content without any source A cryptocurrency wallet is a secure digital wallet used to store, send, and receive digital currency like Bitcoin. Most coins have an official wallet or a few officially recommended third party wallets. In order to use any cryptocurrency you will need to use a cryptocurrency wallet. Cryptocurrency itself is not actually “stored” in a wallet. Instead, a private key (secure digital code known only to you and your wallet) is stored that shows ownership of a public key (a public digital code connected to a certain amount of currency). So your wallet stores your private and public keys, allows you to send and receive coins, and also acts as a personal ledger of transactions. IMPORTANT: Never share your wallet password or private key and never enter your password or private key anywhere (unless you are accessing your wallet via private key and password). To send coins and receive coins you only need to share your public wallet address (your “public key”). Copied-paste from What is a Cryptocurrency Wallet?
A cryptocurrency wallet is a secure digital wallet used to store, send, and receive digital currency like Bitcoin. Most coins have an official wallet or a few officially recommended third party wallets. In order to use any cryptocurrency you will need to use a cryptocurrency wallet.
Cryptocurrency itself is not actually “stored” in a wallet. Instead, a private key (secure digital code known only to you and your wallet) is stored that shows ownership of a public key (a public digital code connected to a certain amount of currency). So your wallet stores your private and public keys, allows you to send and receive coins, and also acts as a personal ledger of transactions.
IMPORTANT: Never share your wallet password or private key and never enter your password or private key anywhere (unless you are accessing your wallet via private key and password). To send coins and receive coins you only need to share your public wallet address (your “public key”).
Original source https://crypto.com/en/university/article.html?category=cryptocurrency&page=what-is-a-cryptocurrency-walletArchived: https://archive.ph/k0rv3
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Lafu
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February 17, 2020, 03:08:03 PM |
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[SEVS] Sevastopol plagiarized there whole ANN from Liquid CASH - LCASH Thread : [ANN] [SEVS] Sevastopol - gpu mineable cryptocurrency [POW/MN/X21S]User : mokbor please ban that User for plagiarismArchive : https://archive.fo/wip/MMrL4Lcash thread: [PRE-ANN][POW][X21S] Liquid CASH - LCASH
[SEVS] SevastopolSEVASTOPOL -gpu mineable cryptocurrency
- fast and efficient difficulty retargeting
- Assets
- Active and Reliable Team Support
- Real use case
Liquid CASH - LCASHLIQUID CASH - LCASH-gpu minable cryptocurrency-http://liquidcash.eu- fast and efficient difficulty retargeting - GPU minable - Assets - Active and Reliable Team Support - Real use case [SEVS] SevastopolSevastopol is the payment method chosen by professionals and companies to achieve fast and secure payments for their jobs and build assets for business.
We aim to create an immediate network of partners that accept SEVS.
Our partners at the moment are:
MC IT SOLUTION ADVICE (ITA) MC is a security companie working for a decade on government IT security and can offer any IT service, from service fruition, web servers setup, managing and securing, crypto payment development and security
CRYPTALIA IT PROFESSIONALS (IT) Criptalia ITP offer services and crypto advice, pro tech support, IT support and conseuling, blockchain project management, high level managing servers for cryptoworld etc.
Other local activities and professionals are already accepting SEVS
Services or goods providers, who accepts SEVS, will always grant a discount on service fees in order to push crypto payment adoption as much as possible
We plan to be accessible in the most easy way!
you will be able to find SEVS on ATMs such as in crypto markets or websites selling packs of SEVS you will use to pay for your needs
Fast & Secure transactions will be possible from official mobile wallet and other famous (and reliable) crypto wallets where we will be included.
1q 2020 - build explorer - build mac wallet - build mobile wallet - build website - listing first exchange - sign most partnership possible
2q 2020 - publish company collaborations - listing on major volume exchange - release first asset - company rebrand
3q 2020 - availability on ATM - availability on Visa/Crypto platform (like wirex or else)
Liquid CASH - LCASHLiquidCash is the payment method choosen by professionals and companies to achieve fast and secure payments for their jobs and build assets for business.
We aim to create an immediate network of partners that accept LCASH.
Our partners at the moment are:
MC IT SOLUTION ADVICE (ITA) MC is a security companie working for a decade on government IT security and can offer any IT service, from service fruition, web servers setup, managing and securing, crypto payment development and security
CRYPTALIA IT PROFESSIONALS (IT) Criptalia ITP offer services and crypto advice, pro tech support, IT support and conseuling, blockchain project management, high level managing servers for cryptoworld etc.
Other local activities and professionals are already accepting LCASH
Services or goods providers, who accepts LCASH, will always grant a discount on service fees in order to push crypto payment adoption as much as possible
We plan to be accessible in the most easy way!
you will be able to find LCASH on ATMs such as in crypto markets or websites selling packs of LCASH you will use to pay for your needs
Fast & Secure transactions will be possible from official mobile wallet and other famous (and reliable) crypto wallets where we will be included.
1q 2020 - build explorer - build mac wallet - build mobile wallet - build website - listing first exchange - sign most partnership possible
2q 2020 - publish company collaborations - listing on major volume exchange - release first asset - company rebrand
3q 2020 - availability on ATM - availability on Visa/Crypto platform (like wirex or else)
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20kevin20
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February 17, 2020, 07:00:47 PM |
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TheBeardedBaby
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February 18, 2020, 08:58:31 AM |
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Plagiarist: PreciousTheoCopy: Bitcoin is simply the biggest, most popular Crytocurrency in the market right now. It has earned it's position by ushering in a new era of anonymous transaction ever known.
While the are people who says that Bitcoin is untenable and is not very a valuable investment option.
LET'S LOOK AT THE REASONS WHY BITCOIN HAS BECOME POPULAR
The first and foremost reason is anonymity. Bitcoin allows users to send money to any place in the world at minimum cost and that gains it self (Bitcoin) an achievement. The second is stability. Despite the up's and down's of it's (Bitcoin) values, it is still relatively stable than some other currencies in the world which experiences hyperinflation. The third is Time. Bitcoin might not be the fastest but it is certainly a score faster than other non anonymous flat currencies. Security. Bitcoin is definitely one of the most secure Crytocurrency we have right now. And with thousands working to keep the dozens from starling the money from the millions, it's likely to stay that way. Since Bitcoin use complex technology, it cannot be outsmarted by any knuckle head. You will actually require some serious skills to make a digital heist.
In short, Bitcoin has definitely shown us that Crytocurrencies have a lot of potential and it's an inch close in becoming a reliable investment mode. The is no denying that if it continues evolving like this it will attract more counterparts and then it will be right on top.
Thank you Written by: Precious Theo
The original > https://www.quora.com/How-did-Bitcoin-become-popular/answer/Archana-Priyadarshini-7Archana Priyadarshini, Web Content Writer at NetTantra Technologies (2019-present) Answered Jul 16, 2019
The first and foremost reason is anonymity. Bitcoin allows users to send money to any place in the world at minimum costs and that in itself is an achievement.
The second is stability. Despite the up and down nature of Bitcoin values, it is still relatively more stable than some other currencies in the world which experience hyperinflation.
Bitcoin might not be the fastest but it is certainly a score faster than other non-anonymous fiat currencies.
Security. Bitcoin is definitely one of the most secure cryptocurrencies we have right now. And with thousands working to keep the dozens from stealing the money from the millions, it is likely to stay that way.
Since Bitcoin uses complex technology, it cannot be outsmarted by any knucklehead. You would actually require some serious skills to make a digital heist.
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mole0815
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February 18, 2020, 10:16:03 AM |
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short update here about the reports of the last days: bannedPlease ban this newbie account CryptoJack101 he/she has plagiarized the content without any source nukedUser : mokbor please ban that User for plagiarism bannednuked
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| | | . .Duelbits. | | | █▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | TRY OUR
NEW UNIQUE GAMES! | | . ..DICE... | ███████████████████████████████ ███▀▀ ▀▀███ ███ ▄▄▄▄ ▄▄▄▄ ███ ███ ██████ ██████ ███ ███ ▀████▀ ▀████▀ ███ ███ ███ ███ ███ ███ ███ ███ ▄████▄ ▄████▄ ███ ███ ██████ ██████ ███ ███ ▀▀▀▀ ▀▀▀▀ ███ ███▄▄ ▄▄███ ███████████████████████████████ | . .MINES. | ███████████████████████████████ ████████████████████████▄▀▄████ ██████████████▀▄▄▄▀█████▄▀▄████ ████████████▀ █████▄▀████ █████ ██████████ █████▄▀▀▄██████ ███████▀ ▀████████████ █████▀ ▀██████████ █████ ██████████ ████▌ ▐█████████ █████ ██████████ ██████▄ ▄███████████ ████████▄▄ ▄▄█████████████ ███████████████████████████████ | . .PLINKO. | ███████████████████████████████ █████████▀▀▀ ▀▀▀█████████ ██████▀ ▄▄███ ███ ▀██████ █████ ▄▀▀ █████ ████ ▀ ████ ███ ███ ███ ███ ███ ███ ████ ████ █████ █████ ██████▄ ▄██████ █████████▄▄▄ ▄▄▄█████████ ███████████████████████████████ | 10,000x MULTIPLIER | │ | NEARLY UP TO .50%. REWARDS | | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ |
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Lafu
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February 18, 2020, 10:58:20 AM Last edit: February 18, 2020, 12:52:23 PM by Lafu |
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User : mokbor please ban that User for plagiarism bannedThanks Bro but guess he must be was banned already , the thread was deleted already yesterday ! And i also got an post in my other thread about from Rizzrack here https://bitcointalk.org/index.php?topic=5182222.msg53858974#msg53858974. But thanks for let me know.
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mole0815
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February 18, 2020, 12:44:34 PM |
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Bro but guess he must be wa banned already , the thread was deleted already yesterday ! But thanks for let me know.
Yes, it was. I just listed it so that my post would reflect the latest status ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) sorry if that wasn't immediately apparent before. today i only intervened with 2 of the 4 users. the listing was, as i said, only so that the thread here is up2date and multiple messages are not necessary. so please continue and stay aware. good work as always ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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| | | . .Duelbits. | | | █▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | TRY OUR
NEW UNIQUE GAMES! | | . ..DICE... | ███████████████████████████████ ███▀▀ ▀▀███ ███ ▄▄▄▄ ▄▄▄▄ ███ ███ ██████ ██████ ███ ███ ▀████▀ ▀████▀ ███ ███ ███ ███ ███ ███ ███ ███ ▄████▄ ▄████▄ ███ ███ ██████ ██████ ███ ███ ▀▀▀▀ ▀▀▀▀ ███ ███▄▄ ▄▄███ ███████████████████████████████ | . .MINES. | ███████████████████████████████ ████████████████████████▄▀▄████ ██████████████▀▄▄▄▀█████▄▀▄████ ████████████▀ █████▄▀████ █████ ██████████ █████▄▀▀▄██████ ███████▀ ▀████████████ █████▀ ▀██████████ █████ ██████████ ████▌ ▐█████████ █████ ██████████ ██████▄ ▄███████████ ████████▄▄ ▄▄█████████████ ███████████████████████████████ | . .PLINKO. | ███████████████████████████████ █████████▀▀▀ ▀▀▀█████████ ██████▀ ▄▄███ ███ ▀██████ █████ ▄▀▀ █████ ████ ▀ ████ ███ ███ ███ ███ ███ ███ ████ ████ █████ █████ ██████▄ ▄██████ █████████▄▄▄ ▄▄▄█████████ ███████████████████████████████ | 10,000x MULTIPLIER | │ | NEARLY UP TO .50%. REWARDS | | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ |
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Jawhead999
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February 19, 2020, 11:02:51 AM |
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User : RiyasteveReason : Plagiarism & Clickbait link https://web.archive.org/save/https://bitcointalk.org/index.php?topic=5202729.msg53119461The acronym EOS was confined to Canon DSLRs for a long time. However, today, it has changed and transitioned into the realm of blockchain and decentralized applications. EOS, as the last two letters imply, is an operating system that intends to support large-scale decentralized applications. This revolution might seem like yet another step in the evolution of blockchain if not for two groundbreaking claims made by EOS. - EOS has the capacity to conduct millions of transactions per second. This restriction of scalability was considered as one of the limitations of blockchain.
- EOS states that they can completely remove transaction fees.
How are they going to affect this and how exactly will these two claims make practical sense? Read on! Effecting Millions of Transactions Per Second:Scalability has been one of the biggest issues that hampered the progress of blockchain in being adopted globally. However, with EOS, the issue of scalability is effectively addressed by utilizing the Delegated Proof of Stake consensus (DPOS) mechanism. It is a little different from the traditional proof of stake. Traditionally, validators lock up some coins as stake and then they begin validating the blocks. When they discover a block that they think can be added to the chain, they will validate it by placing a bet on it. If the block gets appended, the validators will get a reward that is proportional to the bets that they had placed. However, in DPOS, any person who holds tokens on a blockchain which is integrated into the operating system can select blocks for validation. It is done through a continuous voting system. Everyone is eligible to participate in the election and they will be given an opportunity to produce blocks that are proportional to the number of votes that they receive relative to other producers. How Does it Work?- Blocks are produced in multiples of 21.
- At the start of every round, 21 block producers are chosen. While the top 20 chosen automatically, the last of them is chosen proportional to the number of votes that they receive relative to other contenders.
- The producers are randomized using a pseudo-random number that is derived from the block time.
- This process is in place to ensure the maintenance of balanced connectivity to all the other producers.
- To ensure a continuous supply of blocks, a producer has to produce at least one block every 24 hours.
- DPOS also eliminates the instances of forks because the producers will not complete but rather co-operate to find blocks.
Removing Transaction FeesEOS works by a model where users, rather than paying fees for every transaction, will be entitled to use resources proportional to the number of tokens they hold. While it mandates that users should hold tokens to effect transactions, it also makes transaction fees essentially zero on the paper. This presents a clear cut advantage over Ethereum. It is known that the cost of running and hosting applications in Ethereum could be a deterrent for a novice developer. However, in EOS, the developers get ownership of the resource based on the stake that they hold, rather than just the experience of renting. The Latest EOS:The latest testnet version of EOS is Dawn 4.0. This new dawn brings with it, a lot of new changes. Some of them are: - Changing of the current time from 'time of head block' to 'time of current block'.
- The RAM marketplace
- Future parallelism DPOS
- Header-only validation
- Block producer awards
- Vote decay
While the first point is quite self-explanatory and is expected to put an end to all the time-related issues, every other topic deserves detailed discussion. The RAM MarketplaceWe have seen that the resources in the EOS blockchain are available to a user proportional to the number of tokens that they possess. However, the resources are scarce and it is one of the reasons that you can only posess the tokens and not use them for a period of three years. A user who uses the tokens will have their accounts terminated. Tokens can also be used as instruments of transaction. Resources like CPU and network bandwidth can be sold to acquire tokens proportional to the volume that was sold. However, it might not be the case with RAM. RAM is one of the resources that rank high when it comes to demand. The early EOS adopters will get their RAM for a very cheap price. When more developers enter the blockchain to build their applications, the demand for RAM increases proportionally. This is classically how any business is supposed to work. However, since the number of tokens is always proportional to the resources, early adopters will not have any economic incentive. This was untangled by the RAM marketplace. A user who wants to buy or sell RAM will be charged a 0.5% fee. The collected fees are burnt, curbing the possibilities of marketing and inflation. This ensures a steady availability of RAM and also complies with the demand and supply equation. It is expected that the EOS block producers should be able to upgrade to four terabytes or even 16 terabytes of RAM. Future ParallelismScalability is one of the biggest challenges that the blockchain community intends to take on, and EOS has addressed it by bringing in parallelism. The equation sounds pretty simple conceptually. For the applications to scale properly, RAM usage needs to be maximized. One of the best ways to approach this maximizing is by using parallel chains with independent memory regions, aptly named as sidechains. A sidechain is a parallel chain that runs along the main chain and is attached to the main with a two-way peg. The sidechain not only scales up effortlessly but also creates a sense of competition between two sidechains. They are expected to obey the protocols of EOS. The sidechains can communicate with each other by using Inter-Blockchain Communication (IBC). Communication is of vital importance when it comes to scalability and utilizing all the available resources. IBCs use Merkle Trees/roofs to speed up the process of finding if a data belongs to a particular block or node. Header-only ValidationAs the name implies, instead of validating the whole block, EOS validates only the header. It makes the process more efficient and facilitates simple communication. It also prevents a lot of attack vectors. Block Producer RewardsThe concept of 21 block producers and the DPOS has an indigenous reward system. The inbuilt inflation system increases the overall supply by 5% every year and these surplus tokens are distributed accordingly. 1% goes to the producers and 4% goes for worker proposal systems. This ensures that the producers are not only paid but also incentivized. Everyone who qualifies is bound to get the minimum payment per day. This ensures that wealthy individuals who do not intend to produce blocs never attempt to earn interest on their producer-candidate by voting on themselves. There are two kinds of rewards called the block rewards and the vote rewards, distributed at 0.25% and 0.75% in that order. The 21 block producers are entitled to 0.25%. The remaining 0.75% gets distributed among the block producers and standby producers in line with the votes that they get. It is essential that producers who want to qualify for this reward must process at least 100 EOS tokens. The remaining 4% is used for research and development on the EOS blockchain. It can also be used for charitable and relief purposes. Vote DecayIt is quite known that in a democratic and decentralized ecosystem, voting is of vital importance. However, just like beneficiaries from taxpayers, there are freeloaders in the EOS ecosystem as well. The 'My vote won't change anything' mindset is quite likely to pervade to EOS users as well. To ensure that democratic participations do not diminish, the creators of EOS introduced the concept of decaying vote. The power of each vote diminishes every year and the user must recast their vote every week to ensure so that the diminishing does not occur. If a person does not vote, their power in the blockchain reduces and this eliminates free-loader problem. The ConclusionIt is quite evident that EOS is heralding the B2C revolution of blockchain. With the decentralization and the capacity to infinitesimally scale, it could well be the Panacea that will bridge large scale industries and blockchain applications. There might have been a few hiccups that have tarnished the progress and image of EOS. However, the way in which these issues are addressed makes the future look bright and promising! https://medium.com/the-capital/a-comprehensive-guide-to-eos-5f6c2aa5f03cA Comprehensive Guide To EOS By Scott macy on ALTCOIN MAGAZINE
Aug 1, 2019 The acronym EOS was confined to Canon DSLRs for a long time. However, today, it has changed and transitioned into the realm of blockchain and decentralized applications. EOS, as the last two letters imply, is an operating system that intends to support large-scale decentralized applications.
This revolution might seem like yet another step in the evolution of blockchain if not for two groundbreaking claims made by EOS. EOS has the capacity to conduct millions of transactions per second. This restriction of scalability was considered as one of the limitations of blockchain. EOS states that they can completely remove transaction fees. How are they going to affect this and how exactly will these two claims make practical sense? Read on!
Effecting Millions of Transactions Per Second: Scalability has been one of the biggest issues that hampered the progress of blockchain in being adopted globally. However, with EOS, the issue of scalability is effectively addressed by utilizing the Delegated Proof of Stake consensus (DPOS) mechanism. It is a little different from the traditional proof of stake. Traditionally, validators lock up some coins as stake and then they begin validating the blocks. When they discover a block that they think can be added to the chain, they will validate it by placing a bet on it. If the block gets appended, the validators will get a reward that is proportional to the bets that they had placed. However, in DPOS, any person who holds tokens on a blockchain which is integrated into the operating system can select blocks for validation. It is done through a continuous voting system. Everyone is eligible to participate in the election and they will be given an opportunity to produce blocks that are proportional to the number of votes that they receive relative to other producers.
How Does it Work? Blocks are produced in multiples of 21. At the start of every round, 21 block producers are chosen. While the top 20 chosen automatically, the last of them is chosen proportional to the number of votes that they receive relative to other contenders. The producers are randomized using a pseudo-random number that is derived from the block time. This process is in place to ensure the maintenance of balanced connectivity to all the other producers. To ensure a continuous supply of blocks, a producer has to produce at least one block every 24 hours. DPOS also eliminates the instances of forks because the producers will not complete but rather co-operate to find blocks.
Removing Transaction Fees EOS works by a model where users, rather than paying fees for every transaction, will be entitled to use resources proportional to the number of tokens they hold. While it mandates that users should hold tokens to affect transactions, it also makes transaction fees essentially zero on the paper. This presents a clear cut advantage over Ethereum. It is known that the cost of running and hosting applications in Ethereum could be deterring for a novice developer. However, in EOS, the developers get ownership of the resource-based on the stake that they hold, rather than just the experience of renting.
The Latest EOS: The latest testnet version of EOS is Dawn 4.0. This new dawn brings with it, a lot of new changes.
Some of them are: Changing of the current time from ‘time of head block’ to ‘time of current block’. The RAM marketplace Future parallelism DPOS Header-only validation Block producer awards Vote decay While the first point is quite self-explanatory and is expected to put an end to all the time-related issues, every other topic deserves detailed discussion.
The RAM Marketplace We have seen that the resources in the EOS blockchain are available to a user proportional to the number of tokens that they possess. However, the resources are scarce and it is one of the reasons that you can only process the tokens and not use them for a period of three years. A user who uses the tokens will have their accounts terminated. Tokens can also be used as instruments of transaction. Resources like CPU and network bandwidth can be sold to acquire tokens proportional to the volume that was sold. However, it might not be the case with RAM. RAM is one of the resources that rank high when it comes to demand. The early EOS adopters will get their RAM for a very cheap price. When more developers enter the blockchain to build their applications, the demand for RAM increases proportionally. This is classically how any business is supposed to work. However, since the number of tokens is always proportional to the resources, early adopters will not have any economic incentive. This was untangled by the RAM marketplace. A user who wants to buy or sell RAM will be charged a 0.5% fee. The collected fees are burnt, curbing the possibilities of marketing and inflation. This ensures a steady availability of RAM and also complies with the demand and supply equation. It is expected that the EOS block producers should be able to upgrade to four terabytes or even 16 terabytes of RAM.
Future Parallelism Scalability is one of the biggest challenges that the blockchain community intends to take on, and EOS has addressed it by bringing in parallelism. The equation sounds pretty simple conceptually. For the applications to scale properly, RAM usage needs to be maximized. One of the best ways to approach this maximizing is by using parallel chains with independent memory regions, aptly named as sidechains. A sidechain is a parallel chain that runs along the main chain and is attached to the main with a two-way peg. The sidechain not only scales up effortlessly but also creates a sense of competition between two sidechains. They are expected to obey the protocols of EOS. The sidechains can communicate with each other by using Inter-Blockchain Communication (IBC). Communication is of vital importance when it comes to scalability and utilizing all the available resources. IBCs use Merkle Trees/roofs to speed up the process of finding if a data belongs to a particular block or Header-only Validation As the name implies, instead of validating the whole block, EOS validates only the header. It makes the process more efficient and facilitates simple communication. It also prevents a lot of attack vectors.
Block Producer Rewards The concept of 21 block producers and the DPOS has an indigenous reward system. The inbuilt inflation system increases the overall supply by 5% every year and these surplus tokens are distributed accordingly. 1% goes to the producers and 4% goes for worker proposal systems. This ensures that the producers are not only paid but also incentivized. Everyone who qualifies is bound to get the minimum payment per day. This ensures that wealthy individuals who do not intend to produce blocs never attempt to earn interest on their producer-candidate by voting on themselves. There are two kinds of rewards called the block rewards and the vote rewards, distributed at 0.25% and 0.75% in that order. The 21 block producers are entitled to 0.25%. The remaining 0.75% gets distributed among the block producers and standby producers in line with the votes that they get. It is essential that producers who want to qualify for this reward must process at least 100 EOS tokens. The remaining 4% is used for research and development on the EOS blockchain. It can also be used for charitable and relief purposes.
Vote Decay It is quite known that in a democratic and decentralized ecosystem, voting is of vital importance. However, just like beneficiaries from taxpayers, there are freeloaders in the EOS ecosystem as well. The ‘My vote won’t change anything’ mindset is quite likely to pervade to EOS users as well. To ensure that democratic participations do not diminish, the creators of EOS introduced the concept of decaying vote. The power of each vote diminishes every year and the user must recast their vote every week to ensure so that the diminishing does not occur. If a person does not vote, their power in the blockchain reduces and this eliminates free-loader problem.
The Conclusion It is quite evident that EOS is heralding the B2C revolution of blockchain. With the decentralization and the capacity to infinitesimally scale, it could well be the Panacea that will bridge large scale industries and blockchain applications. There might have been a few hiccups that have tarnished the progress and image of EOS. However, the way in which these issues are addressed makes the future look bright and promising!
Not only plagiarism, every of his post also promoting https://www.blockchainappfactory.com/ by clickbait link
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roycilik
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1% Skill 99% Luck :v
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February 20, 2020, 01:09:23 AM Last edit: February 20, 2020, 06:49:43 PM by roycilik |
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Username: Saweran nukePlagiarism copy-paste Copy: saja namanya Siti. Perempuan kandidat doktor dari universitas ternama itu berkonsultasi kepada saya tentang disertasinya. Sudah beberapa kali ia melakukan pengeditan, tetapi peranti lunak pengecek plagiarisme (plagiarism checker) yang digunakan kampusnya memberi skor 70% kemiripan. Padahal, menurutnya untuk tidak dicap plagiat, ia harus memenuhi angka kemiripan 30%. Ia bingung
Kita bisa mencermati disertasinya dan bagian-bagian yang tersorot, baik kata, frasa, klausa, maupun kalimat yang terdeteksi mirip atau hampir mirip dengan sumber di internet. Beberapa bagian itu merupakan kutipan regulasi pemerintah berupa undang-undang, peraturan pemerintah, hingga peraturan menteri. Ia beranggapan supaya tidak terkena "sorotan" peranti antiplagiat itu maka bagian yang sama harus diubah atau dibuat parafrasa. ~snip~
archiveOriginal Source: kompasiana.com![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FVMgcCrZ%2F00.png&t=665&c=qJUBbpG7l0VwOg)
~snip~ Apa itu cryptocurrency? Secara sederhana, cryptocurrency dapat dipahami sebagai mata uang digital. Berbeda dari mata uang konvensional, cryptocurrency dapat digunakan untuk transaksi virtual atau yang berbasis jaringan internet. Untuk menjamin keamanannya, cryptocurrency akan dilindungi sandi-sandi yang cukup rumit.
Lebih lanjut, mata uang digital ini desentralisasi. Terkait, tidak ada pihak yang menjadi bagian dari suatu transaksi. Pembayaran yang dilakukan menggunakan mata uang digital dilakukan oleh peer-to-peer, yaitu dari pengiriman ke penerima. Meskipun demikian, seluruh transaksi yang dilakukan tetap dalam sistem yang ada pada cryptocurrency . Pencatatan dilakukan oleh penambang cryptocurrency dan akan mendapat komisi dari uang digital yang dipakai. ~snip~
archiveOriginal Source: dewaweb.com![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2FvqdGVLv%2F505.png&t=665&c=ig7N9EUQ0XdhsA)
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Heisenberg_Hunter
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February 20, 2020, 06:17:47 PM |
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Please Ban newbie GmAdvice at the earliest for plagiarising in the local board. Copy : The southern Indian state of Telangana is to launch a dedicated blockchain incubator.
According to a report in the Times of India on Monday, Rama Devi, a senior official in the IT&C Department of the state government, said the new incubator would soon team with top educational institutions such as IIIT-Hyderabad and the Indian School of Business to support startups in the working blockchain space.
“We have developed 12 use cases wherein blockchain technology can be used to solve some of the issues faced by citizens… In the coming days we are coming up multiple initiatives such as setting up incubator.
at the sidelines of the launch of T-Block, a blockchain accelerator set up by the Telangana government in partnership with industrial giant Tech Mahindra.
Startups accepted into the accelerator will be provided a one-week boot camp followed by a month-long training program, with mentorship and advice from "experts in the startup and blockchain space," according to the Times.
The Indian federal government has been keen to explore blockchain tech and has even spoken of the possibility of a digital rupee. In November 2019, Minister of state for electronics and IT Sanjay Dhotre said the government is drafting an approach paper on a national blockchain framework that will look at the potential for distributed ledger technology and the need for a common infrastructure for different use cases of the tech.
On the other hand, cryptocurrencies, the main use case for blockchain tech to date, have been suppressed amid reports the government is considering an outright ban.
The supreme court is currently hearing a case brought by the cryptocurrency industry attempting to lift a ban on banking services to crypto companies such as exchanges ordered by the central bank in April 2018.
Archived for future reference : http://archive.is/Zh6T1Original : The southern Indian state of Telangana is to launch a dedicated blockchain incubator.
According to a report in the Times of India on Monday, Rama Devi, a senior official in the IT&C Department of the state government, said the new incubator would soon team with top educational institutions such as IIIT-Hyderabad and the Indian School of Business to support startups in the working blockchain space.
“We have developed 12 use cases wherein blockchain technology can be used to solve some of the issues faced by citizens… In the coming days we are coming up multiple initiatives such as setting up incubator,” Devi said.
Devi was speaking at the sidelines of the launch of T-Block, a blockchain accelerator set up by the Telangana government in partnership with industrial giant Tech Mahindra.
Startups accepted into the accelerator will be provided a one-week boot camp followed by a month-long training program, with mentorship and advice from “experts in the startup and blockchain space,” according to the Times.
The Indian federal government has been keen to explore blockchain tech and has even spoken of the possibility of a digital rupee. In November 2019, Minister of state for electronics and IT Sanjay Dhotre said the government is drafting an approach paper on a national blockchain framework that will look at the potential for distributed ledger technology and the need for a common infrastructure for different use cases of the tech.
On the other hand, cryptocurrencies, the main use case for blockchain tech to date, have been suppressed amid reports the government is considering an outright ban.
The supreme court is currently hearing a case brought by the cryptocurrency industry attempting to lift a ban on banking services to crypto companies such as exchanges ordered by the central bank in April 2018.
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guigui371
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February 21, 2020, 02:35:52 AM |
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user : acemaxIt is an alt of alamjob239 and Bla2kja2k that were banned. acemax is already painted in red. As per the terms of the auction, all bids (as well as future bids) from the user acemax (UID 2760726) are not accepted. For each and every auction I hold/will held, ever. This auction is still unopened. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Happy bidding to everyone ! It is your auction. Absolutely fine with me. Your satisfaction is my priority. I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
- acemax
This is a direct quote without credit from Greenspan I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
Alan Greenspan https://www.brainyquote.com/quotes/alan_greenspan_169879This was spoted by Lesbian Cow in collectible
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it ain't much but it's honest work
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akhjob
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February 23, 2020, 07:08:29 PM |
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User: ansiPlagiarised content: -edited out- Disclaimers 1. None of this is investment advice. 2. Much of the below analysis ignores any difference between futures and spot prices, and ignores the effects of fees. 3. While your account's holding of a leveraged token cannot be liquidated, the leveraged token itself theoretically could be. Leveraged tokens greatly reduce the risk of liquidation but cannot make it fully impossible; if markets instantaneously gap down 50%, there is nothing that can stop the +3x leveraged position held by the leveraged token from getting liquidated. In addition, while leveraged tokens attempt to avoid getting liquidated, this does not prevent them from being able to suffer heavy losses. 4. Leveraged tokens can have unintuitive edge cases. The below is a summary of their common behavior. Users should trade Leveraged Tokens at their own risk. 5. Leveraged tokens, like the rest of FTX, are not being offered to US users -edited out-
ArchivedOriginal Source: Disclaimers None of this is investment advice. Much of the below analysis ignores any difference between futures and spot prices, and ignores the effects of fees. While your account's holding of a leveraged token cannot be liquidated, the leveraged token itself theoretically could be. Leveraged tokens greatly reduce the risk of liquidation but cannot make it fully impossible; if markets instantaneously gap down 50%, there is nothing that can stop the +3x leveraged position held by the leveraged token from getting liquidated. In addition, while leveraged tokens attempt to avoid getting liquidated, this does not prevent them from being able to suffer heavy losses. Leveraged tokens can have unintuitive edge cases. The below is a summary of their common behavior. Users should trade Leveraged Tokens at their own risk. Leveraged tokens, like the rest of FTX, are not being offered to US users.
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CoinEraser
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February 24, 2020, 06:17:34 AM |
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User: Alex_de_wolfPlagiarised content: ArchivedOriginal content: ArchivedNote:This case is weird. Nishawa creates a new topic and some minutes later, Alex_de_wolf copied the topic and post it again. Maybe Alex is an alt of Nishawa. But that's just a guess. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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morvillz7z
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Join the world-leading crypto sportsbook NOW!
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February 27, 2020, 07:09:49 PM |
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User Crypt0-B has made multiple posts today, he is copy-pasting online articles without properly stating the source. Most of his posts are also completely off-topic, some even necro-bumping. I think this warrants a permaban. Copy: Startup Status raised $100 M in its 2017 initial coin offering on the premise of building a private messenger based on the Whisper protocol that allows Ethereum DApps to communicate. Each smartphone that runs a Status app becomes a node, and all the messaging runs on a peer-to-peer network which is censorship-resistant. After three years of hard work, it is ready for the spotlight.
[ archive] Original: Startup Status raised $100 M in its 2017 initial coin offering on the premise of building a private messenger based on the Whisper protocol that allows Ethereum DApps to communicate. Each smartphone that runs a Status app becomes a node, and all the messaging runs on a peer-to-peer network which is censorship-resistant. After three years of hard work, it is ready for the spotlight.
Copy: A group of South Korean money transfer and remittance companies has joined Ripple’s blockchain-based financial services network RippleNet to bolster the remittance market in the country.
In a Feb. 25 announcement, Ripple revealed that South Korea-based money transfer service providers Sentbe and Hanpass, and mobile and online based cross-border remittance services firm WireBarley have begun using the RippleNet platform. The collaboration is geared to improve remittances in Korea.
According to the World Bank, workers’ remittances, receipts in South Korea amounted to over $6.2 billion, in 2018. The top destination country for emigration-related remittances by South Koreans was reportedly the United States, which constituted more than 50% of the total number of remittances, with Malaysia running second.
[ archive] Original: A group of South Korean money transfer and remittance companies has joined Ripple’s blockchain-based financial services network RippleNet to bolster the remittance market in the country.
In a Feb. 25 announcement, Ripple revealed that South Korea-based money transfer service providers Sentbe and Hanpass, and mobile and online based cross-border remittance services firm WireBarley have begun using the RippleNet platform. The collaboration is geared to improve remittances in Korea.
According to the World Bank, workers’ remittances, receipts in South Korea amounted to over $6.2 billion, in 2018. The top destination country for emigration-related remittances by South Koreans was reportedly the United States, which constituted more than 50% of the total number of remittances, with Malaysia running second.
Copy: The US Securities and Exchange Commision has rejected New York based firm Wilshire Phoenix’s Bitcoin Exchange Traded Fund (ETF) application, citing ongoing concerns over market manipulation and a lack of surveillance-sharing agreements.
Commissioner Hester ‘Crypto Mom’ Peirce has publicly disagreed with the rejection.
NYSE Arca had submitted a proposed rule change to allow the listing and trade of Wilshire Phoenix's United States Bitcoin and Treasury Investment Trust. The proposal included both US Treasury Bonds and Bitcoin and hoped to address the SEC’s concerns over market manipulation by automatically rebalancing into bonds during periods of BTC price volatility.
Explaining the reasons behind its Wednesday ruling the SEC said the company had been unable to provide enough proof that it can protect itself from “fraudulent and manipulative acts and practices” in the Bitcoin market in order “to protect investors and the public interest.”
[ archive] Original: The US Securities and Exchange Commision has rejected New York based firm Wilshire Phoenix’s Bitcoin Exchange Traded Fund (ETF) application, citing ongoing concerns over market manipulation and a lack of surveillance-sharing agreements.
Commissioner Hester ‘Crypto Mom’ Peirce has publicly disagreed with the rejection.
NYSE Arca had submitted a proposed rule change to allow the listing and trade of Wilshire Phoenix's United States Bitcoin and Treasury Investment Trust. The proposal included both US Treasury Bonds and Bitcoin and hoped to address the SEC’s concerns over market manipulation by automatically rebalancing into bonds during periods of BTC price volatility.
Explaining the reasons behind its Wednesday ruling the SEC said the company had been unable to provide enough proof that it can protect itself from “fraudulent and manipulative acts and practices” in the Bitcoin market in order “to protect investors and the public interest.”
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Rikafip
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February 29, 2020, 03:15:29 PM |
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There have been quite a few WaykiChain(WICC) announcement threads lately made by various accounts (some of them are already deleted), announcing Bittrex listing, and usually accompanied by those fake conversations being made by bumping services, like in the case below. And this time, we have plagiarism as well. User: fopapoPlagiarized post WaykiChain is a world’s leading blockchain company focused on blockchain’s underlying technology and related Defi ecosystem technology. WaykiChain owns an industry-leading public chain and Defi ecosystem with high-performance transaction processing capabilities (TPS3300), efficient mechanism of consensus (DPoS + pBFT), powerful smart contract, as well as the blockchain ecological decentralized control ability, WaykiChain can provide various major industries and key areas of vertical industry with infrastructure services and industry solutions. WICC is the fuel for WaykiChain ecosystem, similar to gas on Ethereum. WICC is also used as collateral for the generation of WUSD. Now users can invest HK/US Pre-IPO by using WUSD as their payment, which is provided by Huatong Security.
https://archive.ph/BV04iOriginalWaykiChain is a world’s leading blockchain company focused on blockchain’s underlying technology and related Defi ecosystem technology. WaykiChain owns an industry-leading public chain and Defi ecosystem with high-performance transaction processing capabilities (TPS3300), efficient mechanism of consensus (DPoS + pBFT), powerful smart contract, as well as the blockchain ecological decentralized control ability, WaykiChain can provide various major industries and key areas of vertical industry with infrastructure services and industry solutions. WICC is the fuel for WaykiChain ecosystem, similar to gas on Ethereum. WICC is also used as collateral for the generation of WUSD. Now users can invest HK/US Pre-IPO by using WUSD as their payment, which is provided by Huatong Security.
https://archive.fo/KSLiy
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blue Snow
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March 04, 2020, 11:52:14 AM |
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user : BitOffer.ENCopy from https://finance.yahoo.com/news/asian-markets-mixed-fed-delivers-233800678.html“The magnitude and persistence of the overall effect on the U.S. economy remain highly uncertain and the situation remains a fluid one,” he told reporters. “Against this background, the committee judged that the risks to the U.S. outlook have changed materially. In response, we have eased the stance of monetary policy to provide some more support to the economy.” paste to his thread without source link: “The magnitude and persistence of the overall effect on the U.S. economy remain highly uncertain and the situation remains a fluid one,” he said. “Against this background, the committee judged that the risks to the U.S. outlook have changed materially. In response, we have eased the stance of monetary policy to provide some more support to the economy.”
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notblox1
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March 05, 2020, 10:00:59 AM Last edit: March 10, 2020, 02:05:07 PM by notblox1 |
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User Crypt0-B has made multiple posts today, he is copy-pasting online articles without properly stating the source. More of his alt accounts doing spam, trolling, plagiarism: Both of them should be nuked for many forum violations and ban evasion of account Crypt0-BUser: Tyttifructawy Anushttps://archive.ph/p40U5Guys, number flips! Number in any way: 1,2,3,4 or . .. ... .... or l ll lll lV or A B C D
Don't worry about the developers. Now we have to solve 6 flips, not 5. And it will take more time! Let's help each other, do not report such flips. We are all here to mine more coins and make more money.
User: quantumj now bannedhttps://archive.ph/pMhQJ@Crypt0-B ... Guys, number flips! Number in any way: 1,2,3,4 or . .. ... .... or l ll lll lV or A B C D
Don't worry about the developers. Now we have to solve 6 flips, not 5. And it will take more time! Let's help each other, do not report such flips. We are all here to mine more coins and make more money.
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roycilik
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1% Skill 99% Luck :v
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March 10, 2020, 10:57:57 AM |
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Copy-Paste, spinning text user: vin1103Spinning text BULLISH Bullish adalah kecendrungan harga untuk bergerak naik/menguat secara terus menerus dalam suatu periode waktu tertentu. ~snip~
BEARISH Bullish adalah kecendrungan harga untuk bergerak turun/melemahsecara terus menerus dalam suatu periode waktu tertentu. ~snip~
http://archive.is/wip/nuwH3Original source: https://www.seputarforex.com/belajar/forex/bullish-bearish![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2F4Zh4Mg3%2F1.png&t=665&c=425Q_rZ8sD8waQ) Seputarforex "Terms of Use"![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.ibb.co%2F1qBxfzQ%2F3.png&t=665&c=zt3W0s-zL5AMEA)
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turkandjaydee
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March 10, 2020, 10:50:15 PM |
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user : Nadar SureshCopy-Paste In the past few decades, Banks have remained key players in the process of transferring funds from lenders to borrowers and vice versa. Recently, FinTechs have revolutionized the system, albeit not matching the scale in banks. With numerous changes in financial systems around the world, it’s important to direct our focus towards an important phenomenon: the substitution of the originate-to-hold model for the originate-to-distribute model.
What Are the Originate-To-Hold and Originate-To-Distribute Models? Here’s a brief overview of each model.
Originate-To-Hold Model: With the Originate-To-Hold model, lenders (that is banks and non-banking organizations) make loans and hold them through maturity. Under this model, lenders don’t sell these loans to investors or other financial institutions. In the Originate-to-hold model, banks focus on managing risks associated with solvency and leverage, funding stability, and maturity mismatches.
Originate-To-Distribute (OTD) Model: In the OTD model, the originator of a loan sells it to third parties through securitization (the process in which illiquid assets- through financial engineering- are converted into securities).
The OTD model holds significant potential in creating an efficient risk-sharing tool, in the global financial system. Especially by enabling banks to diversify their portfolios.
In the past, the originate-to-distribute (OTD) model has accorded banks the flexibility to vary the volume of loans they make without making large adjustments to their asset portfolio or equity capital.
However, potential incentive problems and conflict of interest between stakeholders have the potential to erode the noble objective of risk-sharing and portfolio diversification.
Prior to the Subprime Mortgage Crisis, for instance, banks with aggressive involvement in the OTD market had lower screening incentives. The OTD model allowed lenders to benefit from high origination fees without considering the borrowers’ credit risk. In turn, banks and third parties accumulated loans that had overly poor soft information.
Accumulation of low-quality OTD loans led to excessively high charge offs and borrower defaults, in the period leading to the subprime financial crisis.
What catalyzed the shift from Originate-to-hold to originate to distribute model? Historically, lenders (banks and non-banking organizations) used deposits to fund loans that they included in their balance sheets until maturity. Over time, however, lenders began expanding their sources of funds to include commercial paper financing, bond financing, and repurchase agreement (repo) funding. With the need to diversify their sources of funds, banks also started replacing the traditional originate-to-hold model of lending with the so-called originate-to-distribute model.
#1. Optimize asset management and multiplying loans issued Initially, banks limited the OTD model to credit card credits, mortgages, student and car loans. But, over time they began applying the OTD model to corporate loans. The main aim being to optimize asset management, multiplying loan volumes issued at the same level of invested capital, and to save on regulatory capital.
After the adoption of OTD, Banks distributed more corporate loans through syndication and selling in the secondary market. This change promoted the spectacular growth of collateralized loan obligations (CLOs) driven by the demand for corporate loans. Thanks to the OTD model, banks could distribute large portions of corporate loans they’d originated.
Statistics show that annual volumes of new CLOs in the United States hardly surpassed $20 billion, prior to 2003. By 2007, loan securitization had grown rapidly to surpass the $180 billion mark.
#2. Increased need for higher profits The need for higher revenues from banking stakeholders was a major contributor towards increased adoption of the OTD model. Notably, the sale of loans under the OTD model improved banks’ profitability.
The sold loans could benefit banks when banks retained the right to service the loans. Servicing of loans offered a lucrative flow of fees over a loan’s lifetime.
As well, banks that sold loans received a fee. Since the fees were proportional to the size of the loan sold, banks continuously adopted the OTD to benefit from the increased sale of their loans. With the increased demand for corporate loans and CLOs, banks had an opportunity to earn boatloads of cash by transitioning to the OTD model.
Relationship between the OTD Model and The Subprime Crisis As lending practices shifted towards the OTD model, originating banks lowered the conditions attached to their screening and monitoring activities. Notably, as the originating banks shed off the credit risk and distanced themselves from the ultimate bearer of default risk, incentives for their officers to collect soft information decreased. This resulted in originating banks making loans of inferior quality and selling them to third-party lenders. This phenomenon contributed to the sublime financial crisis.
Following the financial crisis, Basel III standards were introduced to address financial regulation deficiencies.
So, What are Basel III Standards? Basel III standards are internationally recognized set of guidelines developed by the Basel Committee on Banking Supervision(BCBS) following the 2007–2009 financial crisis. The standards seek to strengthen processes of regulating, supervising, and managing risks in banks.
Basel III standards specify the minimum requirements that internationally active banks should adhere to. Largely, the standards require banks to maintain proper leverage ratios and meet certain minimum capital requirements.
BCBS members committed to implement entirely, timely, and consistently adopt the Basel standards within their jurisdiction. Through the Regulatory Consistency Assessment Programme (RCAP), established in 2012, the BCBS sought to monitor and assess the timeliness and consistency of the implementation of the Basel III standards.
Building on Basel I and Basel II documents, Basel III sought to enhance the banking regulatory framework. The improvements sought to enhance the banking sector’s ability to handle financial stress, strengthen the banks’ transparency, and improve risk management. Another focus of Basel III was to foster resilience at the individual bank level and reduce the risk of system-wide shocks.
This was achieved by: Enhancing the robustness and risk sensitivity of standardized approaches in credit valuation adjustment (CVA) risk, credit risk, and operational risk. Constraining the application of internal model approaches, by introducing limits on inputs used in the calculation of capital requirements under the internal ratings-based (IRB) approach for credit risk, and by removing the utilization of internal model approaches in the assessment of CVA risk and operational risk.
Replacing Basel II output floors with more robust and risk-sensitive floors that are based on the revised Basel III standardized approaches. Introduce a leverage ratio buffer that further limits the leverage of global systemically important banks (G-SIBs).
Implementation of the Basel III standards to transform the traditional lending model into a more robust sub-prime model.
Trade Finance and the Originate-to-distribute model.
What’s trade finance? Local and international banks support trade through a variety of products that enable customers to manage international payments, associated risks, and provide required working capital. That said, the term “trade finance” refers to bank products that are associated with international trade transactions (that is exports or imports).
Banks and Fintechs have a role to play in addressing why trade is failing to achieve its potential as a key propellant of economic growth and job creation. Specifically, banks have a role to play in bridging the “trade finance gap”.
What’s the trade finance gap? Trade Finance Gap is the amount of world trade that can’t access traditional trade finance products, especially among small and medium-sized enterprises (SMEs) in emerging markets. While estimates of the financial gap vary, the most eye-catching is the figure is based on a report by the Asian Development Bank (ADB).
According to the report, a stubbornly high global trade finance gap (approximately $1.5 trillion) holds back global efforts to deliver important jobs and growth amid the ongoing economic uncertainty.
According to the report by the Asian Development Bank (ADB), roughly 45% of trade finance applications by surveyed SMEs are rejected. That’s compared to 39% for mid- and large-sized firms and 17% for multinational corporations surveyed.
Similarly, a recent survey by the British Business Bank indicates that 46 percent of SMEs looking to grow were unaware of financing or funding sources after being rejected by banks.
The rejection rate among women entrepreneurs, meanwhile, stands at 44% compared to 38% among male-owned firms. Providing better access to trade finance for SMEs and businesswomen will contribute to sustained growth and development, and narrow the gap.
More than 75% of the surveyed banks also indicated that Anti-Money Laundering (AML) and Know-Your-Customer (KYC) regulations are a major hindrance to the expansion of trade financing operations. Whilst anti-money laundering (AML) and know-your-customer (KYC) regulations are crucial to ensure that the global financial system isn’t used to launder money and fund terrorism, their structuring can inadvertently exclude legitimate companies in developing markets. This increases trade finance gaps.
As well, the ADB survey indicates that other factors that hindered trade finance include: high transaction costs and low income from trade financing, alarmingly low credit ratings for the country in which firms are located, low credit ratings of banks in developing nations, and low credit ratings among firms.
What’s more, roughly 60% of surveyed banks indicated that they expect an increase in the trade finance gap over the next 2years. That said, SMEs will continue experiencing restricted access to trade finance, hindering prospects for economic growth and development.
In Africa, a trade finance gap estimated to be US$91 billion is a hindrance to trade. Inadequate costs coupled with rising compliance costs have created the perception that trade finance is both costly and risky, in Africa. These factors cause some international banks to limit correspondent banking relationships or withdraw from the African banking space.
The overall effect of these perceptions is a reduction of trade financing capacity in Africa. For SMEs that are less likely to meet strict KYC and collateral requirements, these changes will further limit their access to trade finance.
Are there shifts from bankers to non-banker lenders in trade finance? Since the subprime financial crisis, trade finance lenders’ rations among banking and nonbanking entities have grown considerably. Over the past five years, for instance, private lender based debt has grown to USD 677 Billion.
According to Global Trade View, HSBC had distributed US$20bn assets by the close of 2018. That was a 900% increase from US$2bn in 2015. However, the portion associated with alternative investors like insurance companies, family offices, and funds accounted for only 10% of the investment.
What’s the way forward? Banks are struggling to bridge trade finance gaps following the introduction of tighter regulations following the subprime financial crisis. Notably, only 1,000 Financial institutions are in the SWIFT Network, despite there being over 25,000 banks, over 15,000 Non-Bank financial institutions and over 15,000 Fintechs in the world. All these look for pass-through capital for them to originate. But: the global shortage of funding, today, spurs a wave of innovation in the trade finance market. Notably, alternative private credit providers, fintech solutions, and blockchain platforms have created huge opportunities for innovators and entrepreneurs in trade finance. However, there’s a need for a Standard Distribution network in which Financial institutions can participate in Distributing Trade Finance assets. As well, there is a need for a system that promotes the elimination of fraud, real-time traceability, and the reduction of manual transactions.
What role can TradeFinex Network play? What’s Tradefinex Network? Tradefinex network is a peer to peer decentralized platform in which trade finance originators ( banks and non-bank investors) can transact or trade assets.
Lending solutions should incorporate designs that not only handle loans to hold but also to loans to distribute. With banks having the ability to offer bilateral loans, syndicated loans and loans on the secondary market, they can easily meet all requirements by different types of clients. Since the solution will support aspects like master agreement, participant transfer, and income sharing, banks can easily select between different financing options. As banks select between different financing options, they’ll also reduce their risk, which is normally higher when they chose the complete self-funding route. TradeFinex Network offers a De-Centralized way to manage letters of credit and electronic presentations. Buyers, sellers, banks, and carriers can electronically exchange letters of credit, electronic bills of lading, insurance certificates and other trade documentation over a decentralized Blockchain network.
Standards Origination Tool to support Distribution. TradeFinex offers Standardized Trade Finance origination tools. Top among them, invoice tokenization, invoice factoring, Supply chain track and trace for the banks and fintech to get standards origination to the network for trade finance investors. Network members or Investors (Banks and Non-banks) get access to available Trade Finance distribution deals. Interested in becoming a Network member and/or access funding option as a funder? Here’s a video that’ll guide you through the process. The Trade Finance Distribution Initiative’s aim is to push more non-bank investors towards the asset class, thereby increasing banks’ capacity to originate new trade finance lending.
Why adopt XinFin Blockchain Network? Blockchain has immense potential in addressing issues in trade finance through its ability to reduce processing time, enhance automation, promote fraud prevention and eliminate documentation. All this is accomplished whilst boosting transparency, security, and trust. The XinFin Blockchain Network replaces the PoW consensus algorithm (Proof of Work ) to a stake based consensus algorithm network that has a KYC enforced MasterNodes. This makes XinFin Blockchain Network a more institution-grade blockchain network.
Current status of Trade Finance Network: Currently, the Trade Finance Network has more than 20 Million worth Trade Finance instruments that are available for distribution to the bank and non-banker funders.
With the global trade finance market size exceeding US$15 trillion and the trade finance gap exceeding US$ 1.4 trillion, TradeFinex Network has a big role to play.
Citing the current stamp of approval in the International chamber of commerce and the World Trade Organization’s whitepaper and the recent adoption by Ramco, Air France, KLM Labs for a PoC of supply chain finance, the network holds considerable potential. Its adoption will unlock development and job creation potential in various economies around the world.
http://archive.is/kNMhMOriginal source: https://medium.com/xinfin/are-banks-and-fintechs-shifting-to-the-originate-to-distribute-model-3e3ef310d861![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FNnIKrpz.png&t=665&c=ElGR42r2Ja0ZPw)
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CryptoManiac2017
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March 10, 2020, 10:56:03 PM |
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User: akhjob Plagiarised content: It’s been a while since I last posted in this forum, so I thought of writing something useful to the community about the latest "Libra" Project as there is not much information in the ANN. In this post, I’ll be sharing my views, information from several sources that I have read and points from the Libra Whitepaper and Website. Libra Libra is aimed to be a stable digital currency built on a secure and stable open-source blockchain, backed by a reserve of real assets, and governed by an independent association. The project has targeted to launch in the first half of 2020. Libra has proposed a Libra Investment Token, for investment purposes and a Libra Currency, to serve as a stable digital currency. The Libra Reserve –- Libra is fully backed by a reserve of real assets. A basket of bank deposits and short-term government securities will be held in the Libra Reserve for every Libra that is created.
- The money in the reserve will come from two sources: investors in the separate Investment Token, and users of Libra through authorized resellers.
- The reserve will be invested in low-risk assets that will yield interest over time. Interest on the reserve assets will be used to cover the costs of the system, ensure low transaction fees, pay dividends to investors who provided capital to jumpstart the ecosystem and support further growth and adoption.
- Users cannot directly interface with the reserve instead through entities authorized by the association to transact large amounts of fiat and Libra in and out of the reserve. These authorized resellers will integrate with exchanges and other institutions that buy and sell cryptocurrencies to users, and will provide with liquidity for users who wish to convert from cash to Libra and back again.
The Libra Blockchain –- The Libra currency is built on an open source Blockchain, “Libra Blockchain”. It will start as a permissioned Blockchain but will work towards a permissionless network.
- “Move” is a new programming language for implementing custom transaction logic and smart contracts on the Libra Blockchain.
- Libra Blockchain adopts a Byzantine Fault Tolerant (BFT) consensus approach using Libra BFT consensus protocol. BFT consensus protocols are designed to function correctly even if some validator nodes — up to one-third of the network — are compromised or fail.
- Data on the Libra Blockchain is protected by Merkle trees. The Libra Blockchain is a single data structure that records the history of transactions and states over time.
- The Libra Blockchain is pseudonymous and allows users to hold one or more addresses that are not linked to their real-world identity.
- It is expected to operate at 1000 tps.
The Libra Association – - The Libra Association is an independent, not-for-profit membership organization headquartered in Geneva, Switzerland and is the governing entity of the Libra Blockchain and Libra Reserve.
- The association is governed by the Libra Association Council, which is comprised of one representative per validator node. Initially, this group consists of the Founding Members.
- All decisions are brought to the council, and major policy or technical decisions require the consent of two-thirds of the votes.
- The Libra Association is the only party able to create (mint) and destroy (burn) Libra. Coins are only minted when authorized resellers have purchased those coins from the association with fiat assets to fully back the new coins. Coins are only burned when the authorized resellers sell Libra coin to the association in exchange for the underlying assets.
Founding Members –- Payments: Mastercard, PayPal, PayU (Naspers’ fintech arm), Stripe, Visa
- Technology and marketplaces: Booking Holdings, eBay, Facebook/Calibra, Farfetch, Lyft, Mercado Pago, Spotify AB, Uber Technologies, Inc.
- Telecommunications: Iliad, Vodafone Group
- Blockchain: Anchorage, Bison Trails, Coinbase, Inc., Xapo Holdings Limited
- Venture Capital: Andreessen Horowitz, Breakthrough Initiatives, Ribbit Capital, Thrive Capital, Union Square Ventures
- Nonprofit and multilateral organizations, and academic institutions: Creative Destruction Lab, Kiva, Mercy Corps, Women’s World Banking
Calibra- Calibra is a regulated subsidiary created by Facebook on top of the Libra network.
- Calibra will be available as a standalone app in the App Store and Google Play. You will also be able to use Calibra directly in your WhatsApp and Messenger apps, so you can send and receive money as easily as you message friends, family, and businesses.
- When Calibra is available, you will need a government-issued ID to sign up for an account. Facebook and WhatsApp account information are also used when available to verify identity and prevent fraud. Calibra also has in-app reporting and dedicated customer service. In the rare event of unauthorized fraud, you will receive a full refund.
- Website: https://calibra.com
The Good- Facebook has a pretty huge user base. With the announcement of Libra, Facebook has undoubtedly put the word “Crypto” in the minds of almost everyone in the world. Hence, there is a huge chance of increasing crypto adoption in the following years.
- The process of minting and burning of Libra tokens when deposits and withdrawals are made from the reserve is a welcome move for a stable coin which is going to be backed by real assets. This means that Libra will be 100% backed by real assets.
- With the announcement of Libra, US and EU regulators have immediately asked them to stop developing Libra until the governments could review a plan. Before Libra, the Governments have been mostly ignoring cryptocurrencies. Now that Facebook has upped the stakes, there is a possibility of imposing a new crypto regulation. I believe that regulation of the crypto market will curtail ICO & other scams.
The Bad- The initial members of the council are the Founding Members and serve as the network's initial validator node. To be such a node, an entity needs to make an investment of at least $10 million in the network through purchasing Libra Investment Tokens. Each $10 million investment entitles one vote in the council, subject to a cap. So, it’s more like a centralized ecosystem where some big corporates validate the transactions.
- Libra will start as a permissioned Blockchain. In a permissioned Blockchain, access has to be granted to run a validator node ie. Only if invest $10 million, you’ll be granted permission to validate.
- While the interest received from the Reserve is shared among the validators, the Users of Libra do not receive a return from the reserve. As the user base grows and the money starts flowing, the reserve gets bigger and the validators (Corporates) earn interest on the Libra User's funds and the users are left with nothing.
The Ugly- Since, Libra will be backed by traditional money in a bank to support a stable price, it has to be layered on top of the existing financial system. Thus, the successful version of Libra will be more of a Global Payment System for moving fiat money around the globe with low cross-border transaction fees rather than being a cryptocurrency.
- Though Facebook is expected to maintain a leadership role through 2019 in the Libra Association, once the Network launches, Facebook’s role in the governance of the Libra Association will be equal to that of its peers and important decisions will require two-thirds of the votes. While one may think it as a good thing, it means that Facebook or Calibra or the Libra Association can’t really make any promises about how their technology will work in the future.
- The Whitepaper quotes as "Our ambition is for the Libra network to become permissionless. The challenge is that as of today we do not believe that there is a proven solution that can deliver the scale, stability, and security needed to support billions of people and transactions across the globe through a permissionless network." When Bitcoin, Ethereum & others have already provided a proven solution for a stable, secure, decentralized and permissionless network, I am not sure of what the Libra Association is trying to accomplish.
- While the Libra Blockchain is pseudonymous and allows users to hold one or more addresses that are not linked to their real-world identity, Calibra will need a government-issued ID to sign up for an account claiming that it is required for AML rules. Why does Calibra need users identity when the network itself is pseudonymous? When Facebook's data privacy breach is an ongoing debate, none could trust Facebook with their identity and financial data.
Edits: 1. Libra / Bitcoin / PayPal - https://i.imgur.com/ti47YRi.jpg2. Libra Vs BitcoinOriginal Source: https://libra.org/en-US/white-paper/#introducing-librahttps://i.postimg.cc/fR0MT2Lt/11.pngPlagiarised content: Original Source: Shit posting: Promoting a shitty Indian exchange with his referral links: Right now there is no exchange in India which supports IOTA. Koinex is the only exchange in India, which shows the price of IOTA but you cannot buy them. Hopefully, they'll add trading of IOTA soon.
But if you are interested in buying IOTA right now, you can buy BTC in any of the Indian Exchanges and then transfer it to Binance, a platform where you can exchange your bitcoins to IOTA. Keeps promoting that shitty Indian exchange with his fake reviews because I've been scammed by that exchange myself & couldn't believe he's promoting it in bitocintalk: I am not from Koinex team. But I have withdrew several times from the Exchange. The withdrawal are instant. Mostly I get my balance credited to my account within an hour. Same go with INR deposits half an hour to reflect in your Koinex account if you do next/Rtgs. The top negative reviews are made when the exchange was started. Now they have improved a lot. Great trading site. Spreading Referral links " again ", but members warned him: More shit posting: BLESS You ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) A very interesting and innovative project which will surely benefit its users. Hope you guys can maintain the momentum and achieve success.
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