BitShares BTS

$0.0945
Market Cap $ 252.543 MM (#33)
24h Volume $ 2.933 MM
Chg. 24h: 0.57%
Algo. score 4.1/5  (#28)
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BitShares News

EOS Centralization Reportedly in Action: Arbitrators Able to Reverse Transactions

A screenshot circulating on social media has revealed a decentralized blockchain protocol EOS practicing authority over its network. AUTI9003, a pseudonym on Reddit, posted a photograph which demonstrated arbitrators on the EOS network in action, reversing confirmed transactions. A so-called judge referred verses from the EOS blockchain’s so-called constitution to resolve a dispute between two account holders. The claimant accused an unidentified individual of possessing private keys to its EOS account via a phishing attempt. The user reached out to the EOS with his/her complaint and the network chose one Ben Gates as arbitrator to resolve it, under the management of another individual called Moti Tabulo. “Under the powers afforded to me as arbitrator under article 6 of the Rules of Dispute Resolution, I, Ben Gates, rules that the EOS account in dispute should be returned to the claimant with immediate effect and that the freeze over the assets within the said account is removed,” the ruling read. Not a Blockchain? The complaint-to-resolve structure, according to responders, was reminiscent of a conventional customer support model practiced by centralized organizations. Many argued that why a crypto user would find EOS better than any traditional legal system, given its high authority over the network. Whiteblock, a blockchain testing firm, for instance, found that EOS had fewer features of a decentralized blockchain and more that of a cloud computing service. According to them, the protocol lacks immutability, meaning authorities can change or modify data on the EOS blocks with minimal resistance. SOURCE: REDDIT The AUTI9003 thread likewise offered similar criticism but turned into an EOS-bashing event with some pseudonyms calling the project names. In the midst, an argument came from CarInABoxx also questioning the project over its scalability solutions. “Let’s say that 100 accounts get phished in an attack. Each of them creates a “case” on the EOS portal, each of them present evidence, the other party responds, then the EOS gods come to a decision,” the pseudonym assumed. “From this ruling it takes almost a month or more from freezing the account, hearing both sides, taking a decision.” EOS on Accusations “Decentralization is not what we are after,” said Daniel Larimer, the creator of the EOS protocol, in an interview to YouTube channel Colin Talks Crypto. The programmer drew a thin line between how a decentralization works and how it gets perceived. He referred to log scales while explaining how projects like Steem, BitShares, and EOS (all his own) are two-three times more decentralized than Bitcoin and Ethereum. A screenshot from the video: Source: Colin Talks Crypto The argument, whether its Bitcoin or EOS, remains about the possibility of block producers colluding with each other to govern a blockchain as though they are its masters. That indeed abandons the idea of having a censorship-resistant and stable financial system. The question that EOS could face nevertheless is why they would need to raise $4 billion to reinvent something that is already there. “4bn to invent the wheel again,” as someone quoted. The post EOS Centralization Reportedly in Action: Arbitrators Able to Reverse Transactions appeared first on NewsBTC.

a day ago

@Clitry BTS is required for all blockchain operations, pleas...

@Clitry BTS is required for all blockchain operations, please come to our Discord and we can direct you to using th… https://t.co/lUT4g80Sv9

5 days ago

Could Ethereum Survive Without Buterin?

Vitalik Buterin, the founder of Ethereum sat down with the MIT Technology Review in a recent interview at the recent Ethereum Developer Conference hosted in Prague, Czech Republic. In the interview, the founder explained why the network can only be truly decentralized after it stops looking to him for answers. The 24-year-old has been the unofficial ‘CEO’ of the Ethereum project since he proposed the creation of the network late in 2013. Nevertheless, he revealed to the MIT Technology Review, that it was time for him to start fading into the background to allow the community to grow to its full potential in a decentralised manner. This begs the question of whether Buterin is getting ready to leave Ethereum. During the interview, one Twitter user interpreted his words of fading away Buterin planning an exit strategy similar to how Dan Larimer has left several crypto and blockchain projects. As said by Ethereum World News, Larimer developed the blockchain technology of Graphene that powers BitShare and the Steem token, Larimer left the project to start Steemit after he founded BitShares in 2013. Then in 2017, he left Steemit and joined Block.one as it Chief Technology Officer and spearheaded a successful crowdfunding to create EOS and he is still the CTO at EOS to this day. In the tweet, he accused Buterin of planning his exit strategically and prompted his to reply and correct his theories. 1. I am not leaving. No plans to stop or reduce blog posts / ethresearch posts / github commits. 2. Vitalik is “in charge”: ETH is centralized! Vitalik is not “in charge”: Vitalik is pulling a Dan Larimer! This is why BTC maximalists have zero credibility. — Vitalik Non-giver of Ether (@VitalikButerin) November 2, 2018 As you can see from the above tweet, Buterin responded saying that he isn’t leaving the company and that he is ‘in charge’. But despite this confirmation from the founder of ETH it still makes you think whether Ethereum could survive without Buterin. What do you think? Let us know what you think down below in the comments! googletag.cmd.push(function() { googletag.display('div-gpt-ad-1538128067916-0'); }); The post Could Ethereum Survive Without Buterin? appeared first on Crypto Daily™.

6 days ago

Vitalik Rejects Rumors of Him Leaving the Ethereum (ETH) Project

The MIT Technology Review had a chance of interviewing Vitalik Buterin at the recently concluded Ethereum (ETH) Developer Conference that was hosted in Prague, Czech Republic. In the interview, Vitalik explained why the network can only be truly decentralized after it stopped depending on him. Buterin at 24, has been the unofficial ‘CEO’ of the Ethereum project since it he proposed the creation of the network late in 2013. However, he revealed to the MIT Technology Review, that it was time for him to start fading into the background to allow the community to grow to its full potential in a decentralized manner. Accusations Of Him Exiting From this interview, one twitter user interpreted his words of fading away as Vitalik planning an exit strategy similar to how Dan Larimer has left numerous crypto and blockchain projects. Dan Larimer developed the blockchain technology of Graphene that powers BitShares and the Steem token. After starting BitShares in 2013, Larimer left the project to start Steemit. He then left Steemit in March, 2017. After leaving Steemit, Larimer joined Block.one as its CTO and spearheading a successful crowdfunding to create EOS. He is still the Chief Technology Officer at EOS. The tweet accusing Vitalik of planning an exit strategy, prompted him to reply by debunking all theories that he is leaving the project in a manner similar to how Dan Larimer left BitShares and Steemit. 1. I am not leaving. No plans to stop or reduce blog posts / ethresearch posts / github commits.2. Vitalik is "in charge": ETH is centralized! Vitalik is not "in charge": Vitalik is pulling a Dan Larimer! This is why BTC maximalists have zero credibility. — Vitalik Non-giver of Ether (@VitalikButerin) November 2, 2018 Are We Really Ready for Vitalik Taking a Back Seat? The question on the minds of many Ethereum enthusiasts and developers, is to whether the Ethereum network can survive without Vitalik. One twitter user replied to the above tweet, by stating that our human psychology might not allow us to accept the departure of an inspiring leader. His exact tweet was as follows: The real issue is interesting tho. Are people really ready or really want decentralization? It looks like they want leaders, even if that undermines the core value of the system. They just want price action. Comparisons with the Tron Project and Justin Sun The CEO of Tron, Justin Sun, had planned to take a back seat in the Tron project after the Super Representatives had been elected to handle all issues pertaining to the network. However, in a move welcomed by many, Justin ran for, and won a spot as one of the 27 Super Representatives on the Tron Network. He also communicates with the Tron Community via twitter on a daily basis. By further dissecting Vitalik’s response to the tweet suggesting he is leaving, we see that he already has a plan to continue contributing to the project. What are your thoughts on Vitalik proposing a decentralized Ethereum network? Do you think the project can survive without him? Please let us know in the comment section below. [Image courtesy of the MIT Technology Review] Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Vitalik Rejects Rumors of Him Leaving the Ethereum (ETH) Project appeared first on Ethereum World News.

6 days ago

Bytus: A Global Digital Payment Platform to Make Crypto POS Easier

Blockchain technology has built a strong history for itself by disrupting various industries. And yet, cryptocurrency adoption continues to lag. Bytus is here to address the issue, with a global digital payment platform that makes cryptocurrency payments on online and brick-and-mortar shops a lot easier. The apprehensions about accepting cryptocurrency payments due to associated price volatility risks is quite well-known, and it is made evident by the presence of very few retailers who are open to accepting payments for goods and services in popular cryptocurrencies. However, Bytus offers a fiat settlement mechanism that can be used by merchants to convert the payments received in cryptocurrencies to the fiat of choice, thereby overcoming the price volatility. The global digital payments platform works flawlessly on smartphones and contactless payment systems that are already in use across the globe. Built over a private blockchain network and powered by the platform’s native BYTS ERC20 utility tokens, Bytus enables over a million stores to receive crypto-payments for their goods and services. The Bytus private blockchain is based on Graphene chain, which has already witnessed successful implementation in various projects including Bitshares, Steemit, and EOS. The accompanying Bytus Mobile Multi Crypto Wallet is designed to handle multiple cryptocurrencies and efficient crypto-to-fiat conversion without commissions. In addition to the multi-crypto mobile wallet, the Bytus ecosystem also includes insurance protection, secure storage, exchange service and virtual credit card offering. Team Bytus is the creation of a strong team led by its founder, Altug Tatlisu who is an experienced software developer with over 23 years of experience. Together with experienced staff, Tatlisu is propelling his idea of developing a platform that can solve various issues plaguing the digital payments and cryptocurrency industries. With a platform that can support micro-transactions, multiple cryptocurrencies, and zero-commission immediate crypto-fiat conversions, Bytus is poised to accelerate cryptocurrency adoption by providing a cheaper and much faster payments solution than the conventional fiat-based payment options that are available in today’s market. Other notable people driving the innovative platform include Serdar Nurdogan, heading financial operations. He has experience in several fields which come in hand at managing the finances of the platform. They include ICO exert, Fintech Consultant, Licensed Broker, Future Exchange among others. Immran Qureshi, with ten years of experience in digital market spearheads the company’s digital marketing department with an additional focus on SEO and other aspects of the game. Ajay Hada, as the lead crypto and smart contracts developer, holds the responsibility of building the platform and implementing an endless list of features over time to make Bytus a complete global digital payments solution. Harry Masly, as a general project manager and blockchain engineer. He managed to confidently make space in our lives in a short span of time. Token Sale Bytus is embarking on an Initial Token Offering (ITO) with 50 million of the total 66 million BYTS tokens on sale. The entire token sale campaign is broken down to 3 parts, with exciting bonus offering: The Private ITO with 20% bonus, Pre-ITO with 15% bonus and the main ITO sale where participants can purchase BYTS at a 10% discount. The Private ITO is set to go live on November 15, 2018, followed by Pre-ITO on May 5, 2019 and ITO sale from September 1, 2019. After the conclusion of sale, the value of each BYTS token will be set at $0.67, made available for purchase on CryptoBank, post ITO. The functions of BYTS tokens include Mining by wallet (POS 2.0) As an intermediate token for conversion between various currencies Sending and receiving funds Payment for goods and services through contactless, QR-code. About Bytus Bytus has a mission to create a convenient, safe ecosystem so that the user can conveniently pay both through payment terminals and via the internet using a QR code with instant conversion of cryptocurrency into fiat. The key tool of the system, BYTS also services as an indicator of the channel size, with more tokens in possession means a wider payment channel allowing transactions on the network within allocated time interval. Bytus promotes a policy of full openness, maximum cooperation, speed and the possibility of increasing the number of currencies, all in one application. It will help current retail chains easily payment of crypto-currencies who can attract new customers want to pay and receive new markets. More information about Bytus platform and BYTS token sale is available on the platform’s official website - https://bytus.io The post Bytus: A Global Digital Payment Platform to Make Crypto POS Easier appeared first on Live Bitcoin News.

7 days ago

WAX Is Named the Most Active Blockchain on Block'tivity, a Blockchain Transaction Monitoring Site

WAX, which stands for Worldwide Asset eXchange, is up more than 7% today while most of the leading cryptocurrencies continue to trade sideways. WAX, whose market cap is hovering at nearly $82 million, is trading at $0.087 on volume of $1.3 million. WAX says on Twitter that it is the “highest-ranking blockchain on Block'tivity,” which is a site that monitors transactions on various blockchains. WAX, which boasts more than 4 million daily transactions, outperformed platforms including EOS, BTS and STEEM. WAX is a platform for transacting in virtual items. (GT)

9 days ago

China Updates Crypto Ranking, Bitcoin (BTC) Plunges Further

On Monday, China’s Center for Information and Industry Development (CCID) updated its ranking of 33 cryptocurrency initiatives, assessed in three different classes and cumulatively. The evaluation has downgraded BTC further since the last update while EOS and ETH have remained on top of the list. Bitshares comes after Ethereum (ETH) in the list. BTC fell from the 10th position to 19th while BCH has risen from number 31 to 28. NEM remains at the bottom of the list. (VK)

11 days ago

The BitShares exchange layout will be fully customisable wit...

The BitShares exchange layout will be fully customisable with the next GUI update. Due to go live in the next coupl… https://t.co/d5K9fx9Snl

14 days ago

World Crypto Con Launches Blockchain Summit: Aria Hotel, Las Vegas

LAS VEGAS, OCTOBER 27, 2018 - World Crypto Con (WCC), launches the world’s most immersive and interactive blockchain and crypto experience, with an exciting schedule of activities designed for seasoned crypto enthusiasts and for newcomers to join the community and learn more. The schedule includes over 120 speakers from the growing crypto industry including; BITSHARES, the BITCOIN FOUNDATION, LITECOIN and CEO of WAX together with the launch of the latest decentralized currency exchange, SUPERSONICEX providing the opportunity to learn more about the future of the blockchain technology as well as regulatory developments in crypto affecting the industry as a whole. The three-day event will take place at the Aria Hotel in Las Vegas with registration opening at 11am on October 31, marking the 10th anniversary of Satoshi Nakamoto’s Bitcoin white-paper and serving as a reminder that One Single Bitcoin on 31st October 2016 was worth only $530 and today, only 24 months later, is worth over $6,300 per coin! World Crypto Con delivers a global stage hosted by Stewart Rogers, VentureBeat’s Director of Marketing Technology, along with Joel Comm and Travis Wright of The Bad Crypto Podcast, and will offer the chance to meet and greet some of the industry’s biggest names. “World Crypto Con is a huge event covering over 200,000 square feet and over 120 guest speakers. It’s different to other blockchain and crypto events, as it’s not just about networking with industry peers or listening the latest regulatory trends, World Crypto Con goes far beyond that. This event offers an engaging and interactive experience joining together a community and place to immerse the way technology is actually changing the world” said Adam Williams, Co-founder of World Crypto Con. William’s added; “We are committed to delivering the most engaging set of experiences that go beyond an average crypto conference and embrace community activities such as the Hodl Rally and Tour de Crypto (#cryptokindness) where early crypto adopters meet entrepreneurs, investors, traders, legal professionals and people just curious to lean more, something like this you would not be able to encounter at any other event.” World Crypto Con features over 150 exhibitors across the 200,000 square feet exhibition floor, including launch of Global Fintech Platform, SuperSonicEx as well as the Token Tank Live Experience and other highlights: Bloqchain Smart Vegas Hackathon World-class judges and mentors from top crypto and blockchain companies will be on-site offering advice, mentorship and giving presentations. For the first tiem ever, a new ground breaking crypto-currency will be offered as a prize Decent.bet Poker Tournament Decent.bet has teamed with WCC to host an interactive Blockchain Poker Tournament. Crypto and poker enthusiasts will have an opportunity to play with some of the biggest stars in poker. University Row Provides future blockchain entrepreneurs with a global stage for their research. Six university teams will present their cutting-edge blockchain research and projects to conference attendees. World of Mining World Crypto Con is the first Conference to bring experienced professionals from the world’s most innovative mining-related companies to create a one-of-a-kind mining experience that will drive mining innovation. Live Art with VESA Crypto artist and filmmaker VESA will be showcasing his innovative mixed media platform Art For Crypto, which is rapidly establishing new creative standards in the blockchain art space. Giant “CryptOween” Halloween Party with Steve Aoki WCC is throwing a massive Halloween celebration with the first annual CryptOween costume party at OMNIA Nightclub at Caesars Palace. The event will be DJ’d by Grammy nominee Steve Aoki and there will be a costume contest with a $1,000 cash or crypto prize for the lucky winner. Other exclusive conference experiences on the agenda include Blockchain eRacing, YouTube Influencer Meet & Greet, and Monster Security Token (STO) Event. “World Crypto Con is designed around the core pillars of education, entertainment, and excitement,” added Christopher Herghelegiu, Co-founder of World Crypto Con. “This space doesn’t need more echo chambers, it needs a conference like ours that brings to life the future of this tremendous industry and opportunity.” Headline speakers include the biggest names in crypto-currency, including Brock Pierce, Chairman of the Bitcoin Foundation, Charlie Lee, Founder of Litecoin, Charlie Shrem, Crypto Pioneer and Founder of the Bitcoin Foundation. These together with Bobby Lee, Founder of BTCC, Vinny Lingham, the CEO of Civic, Ronnie Moas, Founder of Standpoint Research and over 100 more industry titans and over 150 exhibitors make this an event not be missed! There will be major industry announcements on the WCC stage, giving attendees the opportunity to hear first hand, latest new and trading tips in blockchain technology. Finally, World Crypto Con has teamed up with SuperSon

17 days ago

ByTus: a Key to Secure and Simple Crypto Payments

Everybody who has ever dealt with cryptos knows that digital currencies are not ideal, as some problems appear while conducting transactions, and the most important of them is the problem of payments in cryptocurrencies. High and often deregulated commissions, low level of security, a lengthy process of payment confirmation, and poor usability as a result of poor knowledge of blockchain applications — these are just the most common problems users face while conducting transactions. Moreover, a lack of a supportive ecosystem and infrastructure makes it impossible for those having access to digital coins to use them for buying goods and services. ByTus, a new platform based in New York, has been designed to solve the problems mentioned. ByTus is aimed at enabling users to independently control the security of their funds, simplifying the process of conversion to accelerate buying goods and services, and helping current retail chains easily payment of crypto-currencies who can attract new customers want to pay and receive new markets. The company’s website reads: “Bytus has a mission to create a convenient, safe ecosystem so that the user can conveniently pay both through payment terminals and via the internet using a QR code with instant conversion of cryptocurrency into fiat.” ByTus adheres to the policy of full openness, maximum cooperation, speed and promises the possibility of increasing the number of currencies, all in one application. Its idea is to utilize a large number of tokens at the junction of different types of currencies. The system is the same as Visa and Mastercard payment systems, however, its significant competitive advantage is adding digital currencies. As ByTus offers good solutions to crypto payments, it may become the new step forward in the development of cryptocurrency. Blockchain Private Network The platform is built on Blockchain Private Network, based on the Graphene chains (Bitshares, Steemit, EOS) protocol, known for its good throughput. The network is expected to cover the need for users in micropayments without any commissions. Transactions will be checked by chain managers who will create blocks and include transactions into blockchain. The company’s whitepaper explains: “Users have public keys attached to their accounts. All transfers within the network are performed only with the signature of the transfer transaction of funds by a private key of the user. No one except the owner can know it. They are generated on the device from the user, which should be kept confidential so as not to compromise access to their funds in a private lock.” The process will have no commissions, and data about transactions made by users will be public. The development of private blockchain network is set to start in December of this year, with first testing in April, 2019. ByTus ITO ByTus has its token treated as a utility token, without which the system cannot exist. One bytus token is equal to one transaction per network per day. The total amount of tokens makes up 66,000,000 BYTS, and 50,000,000 of them (75,8%) are for sale. The company’s plans are as follows: in November of this year, ByTus will prepare for a private ICO and hold a private ITO. The private ITO is set to take place from November, 15 till November, 30. According to ByTus, each ITO round will have its own bonus system. During private ITO, buyers will be able to get up to 20% of the purchased number of tokens, during pre-ITO — up to 15% of the purchased number of tokens, and in ITO Sale — up to 10% of the purchased number of tokens. Unspent tokens on previous ITOs will go to POST ITO and will be sold via CryptoBank. In March 2019, the development of its mobile app will begin. The post ByTus: a Key to Secure and Simple Crypto Payments appeared first on CoinSpeaker.

18 days ago

@CryptoChrisG @notsofast @CryptoGainz1 Anyone who does not w...

@CryptoChrisG @notsofast @CryptoGainz1 Anyone who does not want to migrate their coins to the bitshares platform ca… https://t.co/k7rDTCawK1

21 days ago

Decentralizing the Dollar: Crypto-Collateralized Stablecoins

Decentralizing The Dollar is a three-part series on stablecoins, each addressing one of the three key methods postulated for tying a stable cryptocurrency to a fiat currency. In Part One, we examined how TrueUSD might rectify the flaws in Tether; in Part Two we looked at Kowala, and algorithmic stablecoins; and in Part Three we’ll look at crypto-collateralized coins. Keeping track of the different stablecoins is a bit like learning the names and habitats of all the dinosaurs. There are tokens backed by dollars, euros, gold or silver, or even by pure code. There are also different stability systems for each major blockchain, and some have their own chains. There are also stable coins whose value is collateralized by other digital assets. Volatile cryptocurrencies might seem like an odd anchor, but that hasn’t stopped several tokens from stabilizing their value with a combination of crypto-collateral and governance to limit their price movements. Some, like BitShares USD and Maker’s DAI token, can be considered relatively successful at hedging against market volatility. Others, like NuBits, provide a cautionary tale. Maker/ Dai: Volatility Fenced In If you wanted an example of clever programmers innovating away the market’s problems, you couldn’t do much better than MakerDAO, a system of smart contracts which keeps the native DAI token stable. Using a combination of price feeds and clever code, MakerDAO has kept the value of the Dai token reasonably close to a dollar. Each dollar-pegged DAI token represents a loan from a Collateralized Debt Position, a smart contract bank which stores ethers in exchange for Dai. Since each loan requires more collateral than the value of the tokens it issues, Dai hodlers are protected from all but the wildest swings of the crypto market. It’s those wild swings that make things interesting. In order to insure that each DAI is backed by at least a dollar of ether, each CDP is coded to sell off its collateral before its balance reaches zero. But how does a smart contract “know” the value of Ethereum? That’s the role of the MakerDAO, an oracle that maintains the price of Dai through the old-fashioned method of smart contract voting. Dai tokens largely maintained their dollar peg-with some fluctuations. Maker voters can collect fees on Dai trades, but that right comes with a cost. Maker tokens “function as the buyer of last resort,” according to an explainer on Maker’s website. “Should the collateral in the system not be enough to cover the amount of Dai in existence, MKR is created and sold onto the open market in order to raise the additional collateral.” Although it’s not the most intuitive or popular stablecoin, Dai has kept its peg fairly well and is still making progress. MakerDAO has recently announced a partnership that to allow Dai payments on the Ink Protocol, a decentralized payment platform on the Ethereum blockchain. “To achieve mainstream adoption as a method of payment, a cryptocurrency needs to be an effective medium of exchange and store of value,” said Gee-Hwan Chuang, co-founder and chief executive officer of Ink Protocol. “Dai addresses both of these needs flawlessly.” If Dai works, where’s the adoption? That’s an important question, especially as new and more complex stable coins prepare to enter the market. If algorithmically-decentralized stable coins like Basis and Kowala are to make any headway in the crypto market, they’ll have to figure out why Dai isn’t getting traction. Even though the shortcomings of Tether and other centralized tokens are well-known, that may still beat the uncertainty of relying on algorithms for value. “If you’re a business you’re not going to be issuing payments to another business in an algorithmic stablecoin,” explains TrustToken’s Tory Reiss. “It doesn’t make sense, its too much risk. No CFO would want that on their balance sheet. You do want to do it in USD.” Mr. Reiss, whose employers issue the TrueUSD stablecoin, is not an impartial observer, but he raises a salient point. Even if a smart-contract algorithm makes sense “when you think about it,” the fact that it requires thought at all adds an unwelcome element of uncertainty to supposedly stable tokens. “An essential part of the ecosystem” One frequently hears stable coins described as essential parts of the “cryptocurrency ecosystem,” as if they were pollinating bees or moths instead of lines of code. When developers describe software in terms of “ecosystems” they are tacitly acknowledging that crypto-markets share some of the complexity of biological systems. And, as any kid who’s seen Jurassic Park can tell you, living systems (and markets) have inherent instabilities. Centralized stablecoins, like Tether, may not tick all of the boxes of a cypherpunk manifesto, but as long as they have enough actual dollars they should be immune to the doubts that used to drive banks insolvent. Algorithm-backed tokens may be more aesthetically pleasing, and they fo

25 days ago

Upgraded BitKan App Now Much Faster, Wallet Supports Most ERC20 Tokens

The app’s wallet now supports most ERC20 tokens on the market today, as well as adding more news sources, optimizing startup speed, and shortening users’ waiting time, registration and login process. Major Improvements for Token Support With this upgrade, the wallet function has undergone major improvements. Up until now, the BitKan wallet has supported mainstream cryptocurrencies such as BTC, BCH, ETH, QTUM, DASH, SAFE. That now includes all tokens based on the ERC20 standard and Bitcoin (BTS). All this means it now covers over 98 percent of available cryptocurrencies in the market. The update will add Bitcoin (BTS) wallets and GAT wallets, as well as the USDC stablecoin wallet from Circle. Users can now do an ERC20 token search and add new token functionality. ‘Community Wallet’ Concept The new version of the “community wallet” concept promotes a more ecological layout for paying for content, plus community rewards and one-click airdrops for different projects. BitKan first launched its wallet function in 2013. It has proved well-secured thus far, and is supported and trusted by millions of users. The mobile app is available for both Android and iOS. BitKan thanks all its users, past, present and future, for their support. About BitKan BitKan was founded by four former employees of Huawei Technology in 2012. The startup has rapidly scaled to become one of China’s leading providers of cryptocurrency data and services, with recent expansion into Singapore, Tokyo and Hong Kong. Visit the BitKan homepage and download the mobile app here: Website: https://www.bitkan.com App: https://bitkan.com/app The post Upgraded BitKan App Now Much Faster, Wallet Supports Most ERC20 Tokens appeared first on CoinSpeaker.

25 days ago

PR: Upgraded BitKan App Now Much Faster, Wallet Supports Most ERC20 Tokens

The BitKan mobile app has been upgraded to optimize the performance of the Markets function, greatly improving user experience while checking digital asset prices. The app’s wallet now supports most ERC20 tokens on the market today, as well as adding more news sources, optimizing startup speed, and shortening users’ waiting time, registration and login process. This is a press release provided by BitKan Major Improvements for Token Support With this upgrade, the wallet function has undergone major improvements. Up until now, the BitKan wallet has supported mainstream cryptocurrencies such as BTC, BCH, ETH, QTUM, DASH, SAFE. That now includes all tokens based on the ERC20 standard and Bitcoin (BTS). All this means it now covers over 98 percent of available cryptocurrencies in the market. The update will add Bitcoin (BTS) wallets and GAT wallets, as well as the USDC stablecoin wallet from Circle. Users can now do an ERC20 token search and add new token functionality. ‘Community Wallet’ Concept The new version of the “community wallet” concept promotes a more ecological layout for paying for content, plus community rewards and one-click airdrops for different projects. BitKan first launched its wallet function in 2013. It has proved well-secured thus far, and is supported and trusted by millions of users. The mobile app is available for both Android and iOS. BitKan thanks all its users, past, present and future, for their support. About BitKan BitKan was founded by four former employees of Huawei Technology in 2012. The startup has rapidly scaled to become one of China’s leading providers of cryptocurrency data and services, with recent expansion into Singapore, Tokyo and Hong Kong. Visit the BitKan homepage and download the mobile app here: Website: https://www.bitkan.com App: https://bitkan.com/app Follow us on our official accounts to find out about our latest announcements and updates: Facebook: https://www.facebook.com/bitkanofficial/ Twitter: https://twitter.com/BitKanOfficial Instagram: https://www.instagram.com/bitkanofficial/ Telegram: https://t.me/bitkan Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: The post PR: Upgraded BitKan App Now Much Faster, Wallet Supports Most ERC20 Tokens appeared first on BitcoinNews.com.

a month ago

Tron’s Marcus Zhao Reveals Foundation is Working on Anonymous Transaction Feature for TRX

In A Recent Interview with NakamotoJedi , Tron’s top Tech Manager, Marcus Zhao gave insights on what’s going on in the Tron Community and New Incoming updates and features on the TRX Blockchain. Zhao said the Tron’s tech team is working on More Advanced features to keep the project ahead of other competitors, features like the Multi-signature, BFT Consensus Mechanism and Anonymous Transactions should soon be expected on the Public chain. Tron has one of the most active and many community supporters which has seen the cryptocurrency rise to the top 20 Cryptocurrencies in the World in just a few months of its launch. On The Aspect of Tron’s Advantages Over Ethereum ,Zhao said Tron is much cheaper and faster than ethereum and also more developer friendly than ETH. When Asked On if Tron claims to be more developer friendly why is there just 18 dApps On Tron and Over 2000 On Ethereum he said, “ETH has been in the game for 4 years, whereas Tron just started 2 Months Ago.” He Strongly Believes that after the successful launch of Tron Virtual Machine main chain, the TRX Blockchain will receive an influx of dApps that will put it above the current figure of Ethereum as they’ve made the TVM Compatible with more virtual machines such as the Ethereum Virtual Machine (EVM). Citing Possible Error Occurrences with the Ethereum Blockchain which its Founder Vitalik Buterin once admitted to, Zhao said “As far as I know, Tron is the only public chain without any post-launch problems. I don’t know why he said there are many vulnerabilities in Tron. In comparison, ETH, BTS and EOS had block generation problems when they were first launched.” Earlier this year Tron was widely accused of plagiarising its whitepaper from other projects which justin sun claimed was as a result of translation issues between Chinese and English. On This He Said, “The Whitepaper was released when Tron was still in early stages of development, there might have been some overlaps of concepts, but after all, they are just concepts. Later On Its development, tron has gone beyond the white paper, and we have redefined the vision of Tron.” The post Tron’s Marcus Zhao Reveals Foundation is Working on Anonymous Transaction Feature for TRX appeared first on ZyCrypto.

a month ago

Tron [TRX] SRs are more decentralized than Bitcoin [BTC], claims an official

In a recent video carrying the interview of Marcus Zhao, the Technical Manager for the Tron project, made several claims involving Tron’s competency over Ethereum [ETH], Bitcoin [BTC] and EOS. He also spoke about the allegations shot at Tron by several parties earlier this year, where the project was reported to practice plagiarism. Regarding this, Zhao made a statement that said: “As far as I know, Tron is the only public chain without any post-launch problems. I don’t know why he said there are many vulnerabilities in Tron. In comparison, ETH, BTS and EOS had block generation problems when they were first launched.” Furthermore, he continued to tout the cryptocurrency project by stating that Tron’s codes are reliable, precisely because it has not faced any problems on the chain. According to Zhao, Tron never used the Ethereum protocol. More so, he said that in order to attract the Ethereum developers, the Tron team made the Tron Virtual Machine [TVM] compatible with the Etheruem Virtual Machine [EVM]. Additionally, he stated: “However, the management and consumption of resources are created by us independently. Moving on, TVM will be made compatible with more virtual machines.” Under the umbrella of future developments in Tron, Zhao revealed that the team will develop more advanced features, such as Anonymous Transactions, Multi-signature, BFT Consensus Mechanism and more. Until then, the techie stated that Tron will continue to improve the current features and usability of the public chain. Next, the topic of Tron Super Representatives and the election day came up wherein Zhao was asked about Justin Sun’s quick win via votes. Here, he mentioned that Sun received a large number of votes in a short while as he has many followers and community supporters. Furthermore, he stated that the community trusts Justin Sun and his ability to run the node well. In his words: “Currently, all 27 SRs have been elected, distributed in Africa, Europe, America, China and other parts of the world. The 27 SRs are competent enough to manage the whole network.” He then made a huge claim stating that the SR group is far more decentralized than the nodes on Bitcoin and the 21 supernodes on EOS. The post Tron [TRX] SRs are more decentralized than Bitcoin [BTC], claims an official appeared first on AMBCrypto.

a month ago

The BitShares reference GUI was updated today as it is every...

The BitShares reference GUI was updated today as it is every 2 weeks. Assets page has changed, @SparkDEXdotio added... https://t.co/mJbEBYr4Cl...

a month ago

Binance Delists Bytecoin, ChatCoin, Triggers, and Iconomi Cryptocurrencies

Binance, the world’s largest cryptocurrency exchange (in market volume) has announced on Oct. 9 that it will delist Bytecoin (BCN), ChatCoin (CHAT), Iconomi (ICN), and Triggers (TRIG) from its platform. Binance’s Reasons for Delisting Digital Currencies According to the press release, Binance conducts comprehensive and periodic reviews to ensure that listed cryptocurrencies on its platform maintain a high standard of quality. In case a digital asset fails to meet the criteria, Binance performs additional review to potentially delist it. The company has outlined that the delisting of a cryptocurrency is decided by the following factors: “Commitment of team to project Quality and level of development activity Network/smart contract stability Level of public communication and activity Responsiveness to our periodic due diligence Evidence of unethical/fraudulent conduct Contribution to a healthy and sustainable crypto ecosystem.” Binance has set the day of delisting BCN, CHAT, ICN, and TRIG at 2018/10/12 10:00 AM (UTC) on all the available trading pairs. However, withdrawals will remain open until 2018/11/12 10:00 AM (UTC). The Bytecoin Pump and Dump Jonha Richman, PR & marketing advisor for Blockchain companies, told [blokt] that: “Binance only has the best interest of its users as coins and projects that do not necessarily have enough interest (as proven in form of volume) will no longer be included in its platform. By doing so, it will make way for more interesting and possibly more appealing coins for its users and investors to potentially invest in. Such practice is not exclusive for Binance and other exchanges such as Bittrex is also delisting a few coins including: Bitshares (BTS), Bitcoin Gold (BTG), and Bitcoin Private (BTCP)” Bytecoin, the most notable cryptocurrency of the ones to be delisted, saw a significant price increase (166%) in just a few hours after its listing on Binance last May. Experts then raised red flags about this listing, citing Monero, a cryptocurrency hard forked from BCN, whose team said that Bytecoin was highly centralized as 82 percent of its coins were premined and owned by its developers. Moreover, 693 million BCN coins were reportedly created out of thin air to compensate Binance for listing Bytecoin. The freezing of BCN on all platforms that followed raised a widespread belief that Bytecoin and Binance were involved in what was then called “the most sophisticated pump and dump ever.” Controversy Across the Community While Binance announced just yesterday that fees from future coin listings would be donated to charitable activities, today’s delisting announcement has raised skepticism across the crypto community about its credibility. Binance said that the disclosure of the coin delisting factors aims to ensure public transparency. A large part of the community embraced the decision of Binance as BCN, CHAT, ICN, and TRIG have not proved their value so far. However, numerous people said that the exchange should also demonstrate the same transparency prior to listing a new coin, a practice that Binance hasn’t followed up to date. Others said that because Binance’s delisting decision has the power to manipulate the market as people run to dump their coins, the exchange should conduct better due diligence before classifying a digital asset as worthless, like in the case of ChatCoin, which was added on Binance earlier this year. At the time of writing, Bytecoin is losing 20% of its value and is currently trading at $0.001781. ChatCoin plummets by 22% ($0.017494), Iconomi drops by 9% ($0.361727), while Triggers experiences losses of 39%, trading at $0.190701. Binance Delists Bytecoin, ChatCoin, Triggers, and Iconomi Cryptocurrencies was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

a month ago

Exchanges Roundup: Pantera Fund Down 40%, Bittrex Delists Altcoins

In recent news pertaining to cryptocurrency exchanges, images circulating online show Pantera Capital’s Digital Asset Fund had a lifetime-to-date performance of minus 40% as of the end of August, Bittrex has announced the delisting of Bitshares, Bitcoin Gold, and Bitcoin Private, and Indian cryptocurrency exchange, Bitbns, has been accused of falsifying its trade volume. Also ...

a month ago

Bitcoin Gold [BTG], Bitshares [BTS], and Bitcoin Private [BTCP] exchange wallets to be removed from Bittrex

Bittrex, one of the leading cryptocurrency exchanges, announced that they will be removing Bitcoin Gold [BTG], Bitshares [BTS], and Bitcoin Private [BTCP] from their exchange wallet. In an official blog post, they stated that wallet removal was a routine part of their ongoing platform management which would ensure better performance and operational efficiency. Users who ...

a month ago

Bittrex to Delist Bitshares, Bitcoin Gold, and Bitcoin Private

Bittrex announced the removal of Bitshares, Bitcoin Gold, and Bitcoin Private wallets from its exchange. None of these coins currently have markets on Bittrex, so users should remove their funds ASAP....

a month ago

Bittrex to Delist Two Bitcoin Forks and Bitshares

It is not uncommon for Bittrex and other altcoin exchanges to delist certain cryptocurrencies after a while. Poloniex is getting rid of three assets fairly soon, as they simply do not generate sufficient volume. A similar turn of events is happening over at Bittrex, though the choice of currencies to be removed will raise a The post Bittrex to Delist Two Bitcoin Forks and Bitshares appeared first on NullTX....

a month ago

Bittrex Exchange Announces the Removal of Bitshares, Bitcoin Private, and Bitcoin Gold Wallets from its Platform

In an official blog post, Bittrex exchange has announced that it will be removing Bitshares, Bitcoin Private, and Bitcoin Gold wallets from its platform on November 5, 2018. The exchange cited the lack of markets for the wallet removal. Further, it stated that this is part of the exchange's management to ensure operational and performance efficiency. The users with balances in those wallets have been urged to withdraw their digital assets before the 5th November 2018; after this date, these assets will be unrecoverable. The customers who will face difficulties are advised to seek assistance from the exchange. (KE)

a month ago

BitShares for payments got a big update today: PalmPay is bu...

BitShares for payments got a big update today: PalmPay is built on the BitShares blockchain and available in the Go... https://t.co/6s0C1F5JgZ...

a month ago

Is Dan learning from history, or repeating it?

Full disclosure: I'm a _huge_ fan of EOS and Dan's work in particular - both in technological and socio-economic thinking. I even had a chance to chat with the man himself at Blockchain Live last week (and got a photo. Yeah, I know....) But a pattern struck me when reading through an interview with Dan in the current "Distributed" magazine. ------------------- On BitShares: "There's a large community in China that owns a large proportion of BitShares, and in their mind, inflation was the enemy and people in the United States make too much money,. Even just asking for a modest rate of pay for blockchain development, they were voting against it rather than for it. The incentivesjust weren't aligned." On Steemit: "Large token holders would vote in their own self-interest, trying to increase their slice of the pie rather than growing the pie," he said, adding that a community must have the ability to control its quality by expelling toxic participants" ------------------- Then we look at the location of the EOS mainnet block producers: https://bloks.io So in summary: *BitShares* - large community in China voting in their own self interest. *Steemit* - large token holders voting in their own self interest *EOSIO* - Eight out of the 21 block producers currently in China, widespread talk of collusion and voting in their own self interest. Surely the situation with EOS could have been predicted and engineered against? In the way Telos is planning to . ...

a month ago

BitShares is 4yrs old and still being improved and tweaked. ...

BitShares is 4yrs old and still being improved and tweaked. Both backend and frontend receive regular updates. If y... https://t.co/oGvbJjuzHy...

a month ago

BitShares (BTS) is Currently the Most Actively Used Blockchain

Bitshares (BTS), currently ranked 29th on CoinMarketCap, is currently the most active blockchain according to the 7 day stats provided by blocktivity. The platform averaged 1,622,870 operations per day for the past week, accounting for nearly 36% if all blockchain operations in the world. It should be noted that the second and third most active blockchains are Steem and EOS, giving developer Dan Larimer the gold, silver, and bronze medals for active blockchain platforms. Bitshares is a decentralized exchange where users can trade dollars, gold, Bitcoin and other derivative assets without counterparty risk. (JF)

2 months ago

Decentralized Exchange BitShares Tops Blockchain Activity Leaderboard

BitShares, which boasts a market cap of $289 million, has gained 6% in the last 24 hours on trading volume of $12.7 million. BitShares, which was founded by Dan Larimer, announced on Twitter today that it was the “most active blockchain," with BTS topping leaders like STEEM, ETH and BTC. Followers cheered the development on social media. BitShares is comprised of dozens of projects across exchanges, wallet providers, games, financial services, trading and communications. (GT)

2 months ago

#Peercoin gateway is now opened at RuDEX (Bitshares Front). ...

#Peercoin gateway is now opened at RuDEX (Bitshares Front). Markets are listed here: https://t.co/M0jgKpQHBn This… https://t.co/9vZvtNUO0M

2 months ago

Analysts: Current Bearish XRP Markets a Perfect Buying Opportunity

Analysts have said the recent report released by Satis arguing that XRP price could drop to $0.01 in the next five years may create fear and uncertainty among the investors. The IMF also released a report outlining the negative effects of cryptocurrencies. The report creates doubts about the future of cryptocurrency markets. However, bullish analysts have said that the series of negative news surrounding cryptocurrency markets provides a perfect opportunity to investors to buy in. They noted that XRP is currently trading close to this year's low. (VK)

2 months ago

Financial Firms Triggers Ethereum Classic Price Increase

There were doubts about its survival ever since ETC hard-forked from Ethereum, but ETC has defied the odds, and this has been felt in its prices. The current developments have seen ETC up by 6.15%. This has been attributed to support from financial firms such as Balance and Kingdom Trust. This had a positive impact seeing its prices trade above $14. As at 1:45 AM UTC, ETC was trading at $14.14, up by 7.20%, according to CoinMarketCap. (VK)

2 months ago

ConsenSys Founder Joseph Lubin Defends Tether's Reserves, Sees No Market Manipulation

After Bloomberg published a report saying there is no longer evidence of Tether artificially inflating the bitcoin price, blockchain leaders are coming to the defense of the fiat-backed cryptocurrency. Most recently, Ethereum Co-Founder Joseph Lubin said, "We do believe that [USDT] are backed 1:1 by U.S. dollars in bank accounts" despite doubts swirling in the crypto community about Tether’s actual reserves. Lubin added: “[With] respect to market manipulations, I’m not sure that market manipulations are related to Tether directly if they do exist.” He pointed to loosely regulated crypto exchanges and upcoming “better regulation of those centralized exchanges at least.” (GT)

2 months ago

Hong Kong’s First Decentralized Cryptocurrency Exchange Launches

Hong Kong’s first decentralized cryptocurrency exchange Sparkdex has gone live. The new exchange platform will give users total control their funds. The unique exchange provides high levels of security and protection to users and their digital assets. The decentralized exchange, which is built on BitShares blockchain, offers cross-border services while allowing traders to trade in a peer-to-peer fashion. The platform’s transaction fees are as low as 0.0% and can handle more transactions of up to 100,000 transactions per second. (SK)*

2 months ago

Singapore-based Kucoin to Launch an Institutional Investor Program

Kucoin, the Singapore-based cryptocurrency exchange, has announced a new program designed for institutional investors. The new program aims to encourage institutional investors to be more proactive in cryptocurrency trading. It is said that those institutions who are qualified will enjoy trading fee discounts of 20% to 80%. The exchange clarified the doubts of its central office in Hong Kong being empty by explaining that "KuCoin Headquarters is in Singapore with over 300 employees and four major offices in China, the Philippines, Singapore, and Thailand."(RL)

3 months ago

Roger Ver Questions XRP's Status As A Cryptocurrency

In a recent interview with Crypt0, Roger Ver, the CEO of Bitcoin.com and an early adopter of cryptocurrencies has questioned XRP's status as a cryptocurrency. Roger Ver discussed his early days of buying Bitcoin and his early investment in Ripple. Jed McCaleb, the founder of Stellar approached him in 2012 and pitched Ripple as a better alternative to Bitcoin because it requires no mining and does everything Bitcoin does. However, during the interview, Roger Ver still had doubts if XRP was a cryptocurrency at all. He pointed out that XRP was not decentralized because they can freeze wallets when they want. XRP is currently priced at $0.455, losing 1.06% in the last 24 hours. (VS)

4 months ago

Stripe Exec Throws Shade at Bitcoin, Questions Blockchain’s Future

Payments platform Stripe back in 2015 launched a feature that let merchants accept bitcoin as a form of payment. It didn’t last, and Stripe abruptly removed the bitcoin-pay option. Now Stripe’s COO Claire Hughes Johnson is providing the reasons, pointing to a slow and impractical network that was not conducive to payments. She used the platform of a Fortune tech conference to knock bitcoin, pointing to its “killer app” as “ransomware,” CCN reported. Incidentally, Hughes Johnson also doubts the viability of the blockchain. (GT)

4 months ago

Metaverse ETP (ETP) Spike is Considered to be Entering a Danger Zone

Metaverse (ETP) has had a price spike different from other past days. The asset which is affected by Bitfinex rules cannot short the ETP due to insufficient funds. $12 million has been added in 24 hours to its trading volumes with a price increase of 116% within a week. As of 7:00 UTC on Tuesday, it traded at $1.49, a 13% spike overnight. Within an hour it rose from $1.33 to $1.59. Commentators have raised their doubts on the Metaverse project especially since the expectation of being listed on Binance was dashed leading to a price crash. Although Metaverse has invited comparisons of the platform with other Chinese platforms, the project seems to have no future products in future though it currently has a wallet and some mining. (KE)

4 months ago

Why aren't more people talking about BitShares?

from: https://steemit.com/bitcoin/@kimchi-king/why-aren-t-more-people-talking-about-bitshares These questions below came through in the main BitShares DEX Telegram channel a few minutes ago. I decided to take my time and provide an adequate response. I hope you like it and please let me know if I made any mistakes. I know I missed a lot, but these were the things that came to mind at the time. **Question:** Can someone please explain why no one is talking about BitShares? Is there something I don't know? Seems to be by far the most impressive proven technology. **Answer:** Because BitShares, being truly decentralized, doesn't have a dedicated marketing team to help promote this ecosystem. Also, the UI/UX design of the DEX/wallet is lacking in simplicity so newcomers get discouraged and leave. Last, but certainly not least, liquidity is still extremely low for most of the markets on the DEX. Establishing a dedicated marketing team for BitShares is extremely difficult, but thankfully the way BitShares is designed, it allows for companies to build upon it and they can market themselves. Which indirectly promotes BitShares. Unfortuantely, this creates a catch 22 scenario. What comes first? BitShares marketing to create interest from 3rd party companies, or 3rd party companies finding BitShares and marketing for themselves? UI/UX design issues are being resolved from different teams. Some are directly paid by the BitShares Reserve Fund/Pool while others build their own interfaces in hopes that it will generate income from referrals and gateway fees. Hopefully, we will have numerous, well designed, gateway/interface designs that will be user-friendly and well marketed. Liquidity is being addressed by several iniatives. We have the DEXbot project which is building a native bot system that allows for staggered order trading on the DEX. There's the Auton.io market making trading app that is integrated to the BitShares DEX. Openledger.io is looking to launch a new fiat gateway. BitSpark will eventually be creating 180 different Market Pegged Assets which will be used to faciliate their remittance business around the world. All of these should help increase liquidity and allow for whales to play on the DEX. In closing, you can see there's so much going on with the DEX, but it's not centralized. Information comes from many channels and sources, but it takes a community such as this to bring it all together. We may be spread around the world, but together we can make BitShares even better. All it takes is the willingness to do your part, whether big or small. ▬▬▬▬ Here's another question that just came through. **Question:** So what’s exciting to look forward to in the near future? Are we gonna see .91cents again? Higher? What can be expected technology speaking? **Answer:** 1. Crypviser just launched their unblockable, decentralized, permissionless messaging app on the Apple App Store. This is entirely built on the BitShares blockchain. This app will be updated in phases to offer additional features like built in crypto wallet and exchange. Additionally, at some point it will allow for unlimited text, data, audio, and video messages between individuals and groups. This tool has the power to revolutionize the way people communicate around the world without being at risk of man-in-the-middle attacks. Their personal information and interactions remain private. 2. The Quintric system is just wow. Think legal tender backed by gold/silver in crypto form. Here's a great article on that: [https://medium.com/datadriveninvestor/so-how-does-quint-work-anyway-ff106415a108](https://medium.com/datadriveninvestor/so-how-does-quint-work-anyway-ff106415a108) 3. PalmPay is a PoS system that allows merchants to accept any digital currency at zero cost. Check out their site for more details. palmpay.io 4. BitSpark is poised to overthrow Western Union, MoneyGram, and any other old school money transfer system. All of this is done without the need for banks. Check out their site for more details. bitspark.io 5. I could go on, but I think you get the point. BitShares and any serious company building upon it are destined for greatness. Don't miss the boat. ▬▬▬ read more @ https://steemit.com/bitcoin/@kimchi-king/why-aren-t-more-people-talking-about-bitshares...

6 months ago

Bitconnect fraud could be Bitshares time to shine

Yet another exchange goes down in flames thus making DEXs the logical next big thing in the cryptosphere. However, I'm concerned that Bitshares will miss its chance to shine if the Arise scam isn't put to bed soon. ...

10 months ago

Why Stan?

BTS has a great platform but they need to immediately sever ties with Arise Bank and set new standards for vetting partners. Reasons why Arise Bank is in all likelihood a fraud -The team behind Arise has committed fraud previously. -There are at least two court cases in the last three years against Jared Rice (fraud and theft). It appears plea deals were struck. -The Arise Bank website has been copy and pasted from other websites. -The supposed bank processor they were using for Visa processing has denied any ties to Arise Bank. -The bank and attorney mentioned in today's release appear to either not be FDIC insured or maybe even exist. Google searches provide next to nothing. No websites, no contacts. -The State of Texas Banking Department has issued an official warning regarding Arise Bank. Perhaps an even bigger problem in my mind lies with the fact that BTS chose to enter into business with the team from Arise. Stan Larimer being duped and not doing the most basic of due diligence before entering into what appears to be a multi-million dollar deal. Ten minutes of basic research would give you pause to enter into a deal with the group behind Arise Bank. This leads me to wonder if BTS even had legal representation reviewing contracts and doing the most basic of due diligence (a google search) before entering this deal. How could this be? Other unprofessional and disconcerting things. -In last weeks Steemit discussing major new partnerships Stan Larimer gives cryptic references and we are told to listen to a song by Arlo Guthrie. From that song we are supposed to discern that BTS will change the world and fight the powers that be through there amazing new hub (the lynchpin of this hub is supposedly Arise). Even more troublesome-- When asked to respond about the accusations against Arise on a Steemit comment Stan responded with a cartoon about having "instincts". Could you imagine any legitimate business responding this way. It is either supreme arrogance or stupidity. Perhaps the Kool-aid has been drunk and they are too far down the path with Arise to admit it is a bad deal. Unfortunately we will have tremendous FUD and be grinding lower until this is resolved, preferably by denouncing and severing ties with Arise immediately....

10 months ago

BitShares -- Collection Of FAQs, Developers' Guides, Tutorials, Network/Wallet Configuration, ... and Much More

Thanks to [Tsugimoto](https://steemit.com/@tsugimoto), we have a great collection of Developers Guide, FAQs, Tutorials & much more, for anyone wanting to get into BitShares. Link: [https://steemit.com/bitshares/@tsugimoto/bitshares-a-colloction-of-developers-tutorial-faqs-and-more](https://steemit.com/bitshares/@tsugimoto/bitshares-a-colloction-of-developers-tutorial-faqs-and-more) ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ **Reading materials** * [White Paper](http://docs.bitshares.eu/bitshares/papers/index.html) * [Delegated Proof of Stake (DPOS)](http://docs.bitshares.eu/bitshares/dpos.html) * [Decentralized Exchange(DEX)](http://docs.bitshares.org/user/dex.html) * [Trading](http://docs.bitshares.org/user/dex-trading.html) * [Short Selling BitAssets](http://docs.bitshares.org/user/dex-short.html) * [Margincall mecanics](http://docs.bitshares.org/user/dex-margin-mechanics.html) * [Distributed Access to the BitShares Decentralised Exchange (DEX)](http://docs.bitshares.org/bitshares/tutorials/distributed-access-hosting.html) *BitShares node setup, Create a New User, Install Nginx, Install letsencrypt, Add SSL to Nginx settings* * [How to Trade in the DEX](http://docs.bitshares.org/tutorials/dex-trading.html) **General** **Address structure, Format, block, time, etc** * [What is the standard Bitshares address structure and format?](http://docs.bitshares.org/development/faq/index.html#what-is-the-standard-bitshares-address-structure-and-format) * [What is the format of the block header?](http://docs.bitshares.org/development/faq/index.html#what-is-the-format-of-the-block-header) * [What is the maximum bitshares block size?](http://docs.bitshares.org/development/faq/index.html#what-is-the-maximum-bitshares-block-size) * [Are there any sharding mechanics currently deployed?](http://docs.bitshares.org/development/faq/index.html#are-there-any-sharding-mechanics-currently-deployed) * [How are SPV clients handled?](http://docs.bitshares.org/development/faq/index.html?#how-are-spv-clients-handled) * [How is time addressed in the blockchain? Is NTP used or some other protocol?](http://docs.bitshares.org/development/faq/index.html#how-is-time-addressed-in-the-blockchain-is-ntp-used-or-some-other-protocol) * [How do new clients bootstrap into the network?](http://docs.bitshares.org/development/faq/index.html#how-do-new-clients-bootstrap-into-the-network) * [What is the average block time?](http://docs.bitshares.org/development/faq/index.html#what-is-the-average-block-time) * [How is accounting addressed in Bitshares? Is it a Nxt style accounting model or like Bitcoin’s UTXO](http://docs.bitshares.org/development/faq/index.html#how-is-accounting-addressed-in-bitshares-is-it-a-nxt-style-accounting-model-or-like-bitcoin-s-utxo) **Protocol** * [Are there any special affordances made for privacy?](http://docs.bitshares.org/development/faq/index.html#are-there-any-special-affordances-made-for-privacy) * [Does the protocol provide mechanisms for overlay protocols to interact such as OR_RETURN?](http://docs.bitshares.org/development/faq/index.html#does-the-protocol-provide-mechanisms-for-overlay-protocols-to-interact-such-as-or-return) * [Is this done via a gossip protocol or through a federate relay?](http://docs.bitshares.org/development/faq/index.html#is-this-done-via-a-gossip-protocol-or-through-a-federate-relay) **Data structures** * [What data structures are used in the blockchain?](http://docs.bitshares.org/development/faq/index.html#what-data-structures-are-used-in-the-blockchain) **Public key system** * [What public key system is used? If elliptic curve, then what is the curve?](http://docs.bitshares.org/development/faq/index.html#what-public-key-system-is-used-if-elliptic-curve-then-what-is-the-curve) **Scriping language?** * [Is there a specification for Bitshares scripting language? (assuming there is one) ](http://docs.bitshares.org/development/faq/index.html#is-there-a-specification-for-bitshares-scripting-language-assuming-there-is-one) * [Is the scripting language turing complete?](http://docs.bitshares.org/development/faq/index.html#is-the-scripting-language-turing-complete) **Account** * [Account Registration (developer)](http://docs.bitshares.org/bitshares/tutorials/account-create.html) **Vesting Balance** * [List Vesting Balances](http://docs.bitshares.org/bitshares/tutorials/vesting-list.html) * [Claiming A Vesting Balance](http://docs.bitshares.org/bitshares/tutorials/vesting-claim.html) **Voting** * [Voting](http://docs.bitshares.org/bitshares/tutorials/voting.html) **Assets** * [Creating a new UIA](http://docs.bitshares.org/bitshares/tutorials/uia-create-gui.html) * [Creating a UIA manually](http://docs.bitshares.org/bitshares/tutorials/uia-create-manual.html) * [Creating a MPA manually](http://docs.bitshares.org/bitshares/tutorials/mpa-create-manual.html) * [Update/Change an existing UIA](http://docs.bitshares.org/bitshares/tutorials/uia-upda...

10 months ago

Bitshares Marketing Truths (Read before you downvote)

Let me preface by saying this is going to be very unpopular, and I'll probably be downvoted into oblivion, but hope at least a few will get it. I am an ardent supporter of Dan and Bitshares from the very first days (I remember meeting the whole initial team, which was made up of Charles Hoskinson and Daniel Larimer, both of who made it to a conference in Atlanta to discuss their project). There are growing pains and what not, but the marketing effort is one big scam. I know a lot of people in the community are unhappy about marketing but probably know nothing about the behind-the-scenes deals. It isn't incompetence, it's outright scam. Brian has absolutely no background in crypto. Absolutely none whatsoever. He was part of an entourage of Pick-Up-Artists (PUAs) in Vegas and impressed Dan - that was the first time they ever met. Dan was very impressed with his 'pick-up' skills. That's all there was to it. Dan has literally zero background in real marketing. He has literally zero background in crypto. The one and only reason he was selected to do the job and given the equivalent of hundreds of thousands of investor money was because he was a PUA. That's the bottom line. Did the community ever ask for his credentials? Did the community ever wonder if he has a website where he lists his past work, like, you know, any real professional in the world? Did the community take a look at his resume? His references? Anything at all, before showing him with hundreds of thousands of dollars? The answer is no, because we all trusted BM. And that's the folly ... BM is only human. The marketing side of things is a HUGE scam and the sooner the community opens its eyes, the better it is for us all. Stop putting all your money and faith into this nightmare. There are legitimately good and competent developers on the team. There are many ways the community can use the money being thrown at marketing for real marketing. ...

4 years ago

/r/BitShares · · FAQ · · Newcomers please read!

# What is BitShares, and how it is different from BitShares-PTS BitShares was originally an experiment to test the economic theory behind a new kind of prediction market. This experiment creates a decentralized bank and exchange that uses a decentralized transaction ledger secured by DPOS to create fungible digital assets that are market-pegged to the value of anything from dollars, to gold, to gallons of gasoline. Using the DAC metaphor, if BitShares is the "company" then bitUSD is the "product". BitUSD is created when two people taking opposite positions on the long-term relative directions of the USD/BTS feed (see more below) Some other metaphors relate BitShares to Consensus, Community, Cooperation, ... ([read more](https://bitsharestalk.org/index.php?topic=11183.msg147260#msg147260)) * http://bitshares.org/faq/ * http://wiki.bitshares.org/index.php/BitShares BitShares PTS is an investment vehicle for future DACs and has it's own blockchain and software: * http://wiki.bitshares.org/index.php/BitShares_PTS For historical reasons you will often also find the term "BitShares X" which is the old name for BitShares which had economical and technological disadvantages that have been resolved with BitShares. The transition from BTSX to BTS went smooth and most users did not even notice, except the name change, of course. # Where do I get the Software? You can find the official releases at * http://bitshares.org/ or * https://github.com/BitShares/bitshares/releases/latest Linux users currently have to build from Source (which is very easy). Find the build instructions over here: * http://wiki.bitshares.org/index.php/Developer/Build # How To Register a BitShares Account * [How To Register a BitShares Account](http://bytemaster.bitshares.org/tutorial/2015/01/03/How-to-Register-a-BitShares-Account/) # The passphrase is a brainwallet? **No**, the passphrase alone does not enable you to access your funds. In contrast to NXT, the passphrase is not a brainwallet but solely used to encrypt a randomly chosen private key. You need to make a backup of your wallet. To do so, we recommend to use the in-app functionality. Make sure you remember your passphrase and make a backup of your wallet (available from within the wallet). # What's all about the account name being "registered"? In BitShares you can (and should) register your name on the blockchain. Thus, everyone can send funds to you buy just sending to your account name. No need to copy/paste ugly addresses which are hashes of hashes of public keys. The BitShares Software let's you simple chose an account name instead. Make sure not to use a "." in the account name because it indicates a subaccount. Read more: * https://github.com/BitShares/bitshares_toolkit/wiki/Subaccounts # What are the first steps with the Software? First steps for you are listed in our Wiki: * http://wiki.bitshares.org/index.php/BitShares/Howto * http://wiki.bitshares.org/index.php/BitShares/Troubleshooting # What should I do to secure my funds You can do a backup from within the GUI and obviously should do so. Whenever you create a new acount, you should also do a bckup. The backup file is in JSON format which makes it inter-system operable. You can use that JSON file to reimport you account (in-GUI option) on a Windows PC, a MAC, or in Linux. **Make sure you remember your passphrase, because the private keys in the backup file are ENCRYPTED** # Where can I get BitShares Currently, Bter, BTC38, and Poloniex are the main exchanges where you can purchase it. The assets (BitUSD, BitGLD, etc.) are being introduced within days or weeks (currently, being bug-tested). The Poloniex exchange offers their users the feature to easily register a new account from within the exchange, while the others require a registered account to withdraw funds. # What are bitAssets and UIA The blockchain can handle two different kinds of assets: * the '''bitAssets''' (market issued assets), which are traded against a physical assets such as the USD or Gold (read more below). * or the '''user-issued assets''' which can be created and issued by the creator (paying a certain fee). # I'm intrigued by the idea of BitUSD and BitGLD and want to know a bit more. The '''market peg''' is one of the core features of the BitShares system. It is a highly discussed and experimental goals that we want to achieve on the blockchain and a FAQ is probably not the right place to understand all of the market dynamics. Let me instead point you towards some very interesting reads about it: * ELI5 for BitShares ( https://bitsharestalk.org/index.php?topic=7628.0 ) * ELI5 explanation for the Market Mechanics ( https://bitsharestalk.org/index.php?topic=7278.msg99599#msg99599 ) * ELI5 Reddit - Why will bitUSD work when they aren't backed by USD ( https://bitsharestalk.org/index.php?topic=7417.0 ) * Market Peg Analysis and Analogies ( http://wiki.bitshares.org/index.php/Market_Peg ) * Market Pegging ( http://www....

4 years ago


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