Without sounding like a broken record, the Bitcoin network fees are getting more ridiculous. Although this issue has been present for some time now, things are not improving. In fact, the average transaction fee is now well over $50. This is the highest it has been for quite some time. When and if this solution will be resolved, remains to be determined. Right now, it seems unlikely anything will change soon.
Using Bitcoin is expensive beyond belief. It is not what Satoshi Nakamoto envisioned originally, that much is rather evident. In fact, the goal was to make Bitcoin scale and accommodate more transactions over time. So far, that hasn’t happened. This is mainly due to companies struggling to integrate Segregated witness support. In some cases, they are purposely delaying this development as well. Something will have to give before the average transaction fee surpasses $100.
Average Transaction fee Keeps Rising
Although most people stopped caring about these high fees, it’s still an important issue. After all, if the average transaction fee keeps rising, things will get out of hand very quickly. Right now, it’s far too expensive to use Bitcoin as a payment method. Nor is it a suitable way to combat high remittance fees. Bitcoin has become too expensive for its own good and people grow tired of it. Unfortunately, paying this average transaction fee is the only solution right now.
Surprisingly, none of this is affecting the number of transactions. With nearly 350,000 processed in the past 24 hours, things are still looking good. Moreover, nearly 11% of the total market cap was transacted in the past day. Those numbers are still positive despite the glaring issues Bitcoin brings to the table. It also seems the average transaction value is on the rise. This may be due to the average transaction fee mounting. Otherwise, it would make little sense for users to even spend BTC.
How all of this will pan out, is a big question. After all, it is evident this average transaction fee has to come down. Enforcing such a change will not be easy whatsoever. In fact, it may require some drastic changes no one is willing to pursue. All of this also makes Bitcoin Cash look far more superior. The next few days and weeks may very well be critical to Bitcoin’s survival in terms of being a “useful currency”. For now, things can easily go either way. It’s still a good store of value if you can stomach 30% dips overnight.
Recover Scammed Crypto by Contacting the Best Crypto Scam Recovery Expert (2024)
Have you fallen victim to a cryptocurrency scam? Unfortunately, these malicious acts are becoming increasingly common, leaving individuals frustrated and financially drained. But don’t lose hope!
Report Scammed Bitcoin (RSB) understands the devastating impact crypto scams can have, and we’re here to help you fight back. Introducing reportscammedbitcoin.com, the leading crypto recovery experts for 2024.
RSB specializes in assisting individuals who have lost their hard-earned cryptocurrency to scams, hacks, and other fraudulent activities. The team of highly skilled and experienced professionals at RSB is dedicated to recovering your stolen assets and bringing the perpetrators to justice.
Understanding Crypto Scams
Cryptocurrency, while innovative and potentially lucrative, has also become a breeding ground for various scams due to its decentralized and pseudonymous nature. Understanding these scams and their red flags is crucial for investors to protect themselves from financial loss. Here are some common types of crypto scams and red flags to watch out for:
Phishing scams involve fraudulent attempts to obtain sensitive information, such as login credentials or private keys, by impersonating legitimate entities through fake websites, emails, or social media messages.
Ponzi schemes promise high returns on investment by using funds from new investors to pay returns to earlier investors, rather than generating profits through legitimate business activities.
Exit scams occur when cryptocurrency projects or platforms suddenly disappear or shut down, taking investors’ funds with them. These scams often involve promising products or services that never materialize.
Rug pulls occur in decentralized finance (DeFi) platforms when developers or insiders drain liquidity from a project by selling off their tokens, causing the value to plummet and leaving investors with worthless assets.
Fake Initial Coin Offerings (ICOs) or Initial Exchange Offerings (IEOs) involve fraudulent projects that raise funds by selling tokens to investors with the promise of future utility or profits, only to disappear once the fundraising is complete.
Unsolicited Investment Opportunities:
Unsolicited investment opportunities via social media, cold calls, or messaging platforms may involve fraudulent schemes aiming to manipulate investors into purchasing worthless or nonexistent assets.
Which is the Best Crypto Recovery Expert?
The best choice for you will depend on several factors, including:
- The specific type of scam you were targeted by: Different recovery experts specialize in different areas, such as exchange hacks, phishing attacks, or investment scams.
- The amount of money you lost: The fees charged by recovery experts can vary depending on the size of your claim.
- Your risk tolerance: Some recovery services offer guarantees, while others operate on a “no win, no fee” basis.
- Your level of technical expertise: Some services require more technical involvement from you than others.
Here are some things to keep in mind when choosing a crypto recovery expert:
- Beware of companies that make unrealistic promises or guarantees. Recovering stolen crypto is often difficult, and there is no guarantee of success.
- Do your research and read reviews before hiring any company. There are many scams targeting victims of crypto scams, so be careful who you trust.
- Get everything in writing before you start working with any company. This includes the fees, the services that will be provided, and the expected timeline for recovery.
Helping You Navigate Your Crypto Funds Recovery Options: Introducing Report Scammed Bitcoin (RSB)
Introducing the best crypto recovery expert 2024 in the industry: Report Scammed Bitcoin (RSB). With a team of seasoned professionals and a proven track record of success, Report Scammed Bitcoin (RSB) Solutions stands out as the best crypto recovery expert you can trust.
RSB’s best crypto recovery expert team has the expertise and experience to assist you in reclaiming lost or stolen cryptocurrency assets. The best crypto recovery expert team takes a personalized approach to each case, ensuring that you receive the individualized attention and support you deserve.
Contact the best crypto recovery expert today and let them help you recover your valuable assets. Trust RSB for the best crypto recovery expert assistance you need.
How Report Scammed Bitcoin (RSB) Supports You
Understanding Your Situation: RSB will start by listening attentively to your experience, dissecting the scam tactics employed, and assessing the nature of your losses.
- Exploring Recovery Options: Based on your unique circumstances, RSB will introduce various recovery avenues, including free and paid options, clearly outlining their advantages, limitations, and potential risks.
- Empowering Your Choice: RSB empowers you to make informed decisions. Our recommendations are unbiased and not influenced by partnerships or affiliate agreements. Your best interests are at the heart of everything they do.
More Than Just Consultations:
While consultations, blockchain analysis, fund tracking and chargeback are their core service, RSB also offers the following to enhance your recovery journey:
Supporting individuals in recovering their scammed bitcoin involves a multi-step process aimed at gathering information, conducting thorough investigations, and suggesting viable solutions. Here’s how RSB can assist you in recovering your scammed crypto:
- File a Complaint:
Begin by filing a detailed complaint outlining the specifics of the transactions and providing any relevant details about the website or platform involved. The more information you can provide, the better equipped RSB will be to assist you.
- Initiate Investigations:
Once RSB receives your complaint and gathers the necessary information, their team will commence thorough investigations. These investigations are designed to map out the flow of transactions and identify any potential leads or points of contact associated with the scam.
- Analyze and Recommend Strategies:
Drawing upon the team’s expertise and experience, RSB will analyze the findings of their investigations and recommend a range of strategies tailored to your specific situation. These strategies may include legal avenues, negotiation tactics, or technological solutions aimed at recovering your scammed bitcoin.
- Provide Multi Solutions:
The qualified team of experts at RSB will present you with a variety of cutting-edge solutions designed to increase the likelihood of recovering your lost funds. These solutions may involve engaging with relevant authorities, leveraging blockchain analysis tools, or pursuing alternative dispute resolution methods.
- Offer Ongoing Support:
Throughout the recovery process, RSB will provide you with ongoing support and guidance to keep you informed of the progress made and address any questions or concerns you may have. Their goal is to ensure transparency and accountability every step of the way.
In conclusion, when it comes to recovering lost or stolen cryptocurrency assets, choosing the right expert is crucial. With Report Scammed Bitcoin (RSB), you can rest assured that you’re partnering with the best crypto recovery expert in the industry.
Their dedicated team, proven track record, and personalized approach set us apart, making RSB the top choice for individuals seeking assistance with crypto recovery. Don’t let cryptocurrency fraud disrupt your financial security.
Contact Report Scammed Bitcoin (RSB) today and experience the peace of mind that comes with working with the best crypto recovery expert in 2024.
Microvisionchain announce MVC-20: The first protocol for free-minting assets on the bitcoin sidechain
The future of assets protocol:
Fair launch, simplicity, efficiency, and low transaction fees
As we journey through 2023, the blockchain industry is buzzing with excitement, particularly the BRC-20 token market, led by the innovative Ordinals protocol. Moving forward, in 2024, the surge in market demand has ignited a quest for more efficient blockchain functionality, lower gas fees, and simplified operations. The market is also yearning for a fair competition environment for all participants.
Enter MVC-20, a revolutionary assets protocol that fully harnesses the high concurrency and low latency transaction characteristics of the MVC Layer1 smart contract. It’s designed to build an innovative fair distribution mechanism that addresses the fairness issues plaguing traditional models. MVC-20 is poised to bring about a seismic shift in the Bitcoin ecology token and NFT markets.
Introducing MVC-20: The First Protocol for Free-Minting Assets on the Bitcoin Sidechain
MVC-20 is a trailblazer, being the first free-Mint assets Protocol on the MVC Chain. It adopts a unique “burn to mint” mechanism, ensuring a fair start for everyone – no pre-sales, no whitelists, no team allocation, and no gas fee front-running transactions. The cost of minting MVC-20 tokens is burned, converting the value of the burned ‘Space’ [MVC network’s gas] into the intrinsic value of the MVC-20 token, without flowing into the project party or miners’ wallets.
Introducing the Burn to Mint Mechanism:
MVC-20 stands out from BRC-20 asset protocols with its innovative Burn to Mint concept. This allows the deployer to decide the burn rate of the MVC-20 token at deployment. Subsequently, all users who mint the MVC-20 token must burn a specified amount of SPACE [MVC network’s gas] to carry out the minting. The burn rate can be set between 0 and 10 quantity of SPACE.
Key Features of MVC-20:
- Layer 1
- Fair distribution [Fair Launch]
- High concurrency and low latency transactions
- Burn to mint
- Customizable: Burn rate 0-10 Space
- Multi-functional Launchpad
- Compatible with various existing ecosystems and wallets, such as Show3, Orders.Exchange, MVCswap, Metalet and Indexer
MVC-20 Official Launch Day:
Starting from January 22, 2024 [UTC 15:00PM], user can begin to explore the innovative burn to mint mechanism of MVC-20 protocol. Get ready to experience the future of blockchain with MVC-20.
For more details, please visit:
Microvisionchain: Introducing the Ultimate Solution to Bitcoin’s Scalability Challenge!
Microvisionchain presents a novel concept of Unified Scaling Ecosystems for Bitcoin, aiming to resolve Bitcoin’s scalability issue definitively. This plan doesn’t merely offer a same structure to Bitcoin but enhances Bitcoin’s capabilities by:
1. Superior Scaling:
Introducing a scaling solution that outperforms traditional ETH layer2 solutions. Imagine a Bitcoin ecosystem that’s ever-expanding, equipped with a Turing complete smart contract layer, and offering ultra-low fees without congestion.
Keeping it simple. A single private key can be used across all related second layers/sidechains, making the transition of ecosystem applications seamless and straightforward.
3. Unified Ecosystem:
Unifying countless second layers/sidechains with BTC at the core to collectively tackle BTC’s scalability issues. This will enable global user participation in Bitcoin ecosystem applications.
Step 1: 1 MVC
The MVC node is expected to upgrade in March or April 2024, enabling the BTC ecosystem to transition seamlessly to MVC. MVC has already solved its scalability issue, with a measured TPS of up to 10,000 and transaction fees lower than 0.1 cent. MVC is the first Bitcoin-structure side-chain to implement a layer 1 smart contract on the UTXO structure, enhancing user experience and application capabilities.
Step 2: 100 MVCs
Developers can run a replicated MVC network within half an hour and adjust parameters as needed, provided the core UTXO structure and underlying capabilities remain unchanged for future compatibility with MVC and BTC.
Step 3: Use of Bitcoin
The creation of a global Unified Scaling Ecosystem for Bitcoin will permanently solve BTC’s scalability issue. Having 100 MVCs equates to having 100 large UTXO networks fully conforming to Bitcoin. Subsequent updates will support these 100 MVCs and various third-party Bitcoin-structure second layers/sidechains/ecosystems to form a globally expanding Bitcoin ecosystem expansion network.
- Mapping Satoshi Asset Bridge
- UTXO chain block time synchronization system
- Wallets that support multiple chains, and more.
We’re confident that, through MVC’s POB mechanism with builder grant program, we can attract global developers to revolutionize the whole blockchain industry and permanently resolve BTC’s scalability issue together.
Benefits of the MVC Unified Scaling Ecosystem plan:
Microvisionchain is a simple and elegant scalability solution that will permanently solve Bitcoin’s scalability issue and enable Bitcoin assets to possess smart contract capability. It is a superior scaling solution than many ETH second layers, uniting future second layers to collectively address Bitcoin’s scalability in a global network.
BL2 Technology officially launched: fostering the development at On-Chain Scaling Evolution
Recently, BL2 technology in Bitcoin officially launched, brings significant improvements to the overall Bitcoin ecosystem, fostering the development at On-Chain Scaling Evolution
In the dynamic realm of blockchain technology, the rise of Web3, the metaverse, and the transformative impact of NFTs in digital finance propel society forward at an astonishing pace. Amidst this, the limitations of blockchain design challenge its ecological expansion.
I. BL2 Technology Resurgence:
While Ethereum’s Layer2 tech gained attention, BL2 technology in Bitcoin, a recent breakthrough, takes center stage.
II. BL2’s technological tapestry weaves together various components:
At its core, side chain technology is the linchpin of BL2, enabling Bitcoin transactions and settlements on a distinct chain. This essential component is intricately linked to the main chain through a bridging mechanism, ensuring secure and fluid asset transfers, and creating a comprehensive extension layer.
The Lightning Network, another integral part of BL2, operates as a decentralized payment protocol fueled by smart contracts. Its objective is to facilitate quick and cost-effective microtransactions. Through off-chain payment channels, participants can execute numerous small transactions, alleviating the burden on the main chain and consolidating transaction records when channels are closed.
Furthermore, the EVM-compatible decentralized Layer 2, a product of Bitcoin’s Taproot upgrade, introduces the Schnorr Signature+ MAST contract. This advancement paves the way for decentralized multi-signatures involving over 1000 addresses. Not only does it enhance security, but it also creates opportunities for authentic decentralized cross-chain functionality, all while preserving network speed and efficiency.
III. Advantages and Challenges of BL2 Technology:
Unleashing a range of advantages, BL2 technology brings significant improvements to the overall Bitcoin ecosystem. Firstly, dynamic scalability is achieved as BL2 alleviates the main chain’s burden, contributing to enhanced system scalability. Secondly, cost-efficiency is realized through the reduction of transaction costs and the alleviation of main chain congestion, thanks to the implementation of off-chain transactions. The BL2 architecture also ensures swift transactions by facilitating prompt confirmations, thereby boosting transaction speed. Lastly, the integration of side chains and the Lightning Network promotes ecosystem diversity, fostering the development of various applications within the Bitcoin ecosystem.
Tackling Challenges: However, along with its advantages, BL2 confronts certain challenges. Foremost among them is the need to prioritize security. Mitigating security concerns related to side chains and the bridging mechanism is crucial for ensuring comprehensive system security. Additionally, addressing interoperability challenges among on-chain scaling solutions is pivotal to prevent fragmentation and communication hurdles. It is imperative to bridge the gap and establish a unified interoperability standard for seamless functioning.
IV. Evolutionary Trajectory
Future Development of BL2 Technology includes several key components. Firstly, Celestia DA Data Storage Verification marks BL2 as the inaugural BTC Layer2 with this feature, emphasizing functional execution to boost efficiency and stabilize on-chain activity costs. Additionally, BTC Multi-Protocol Asset Aggregation showcases BL2’s capability to combine BTC and ecosystem-derived assets, streamlining high-speed, low-cost transactions and diminishing reliance on Layer-1. Moreover, the introduction of BTC Account Abstraction empowers developers to programmatically define transaction validity conditions, providing enhanced user flexibility and optimizing existing BTC wallets. Lastly, the creation of an Extension Community based on $BL2T aims to foster an open community dedicated to decentralized Bitcoin and scaling ideals, with $BL2T acting as a value consensus carrier, encouraging widespread participation in shaping the future of the Bitcoin ecosystem.
In the ever-evolving blockchain landscape, Bitcoin’s BL2 technology emerges as a pioneering force, offering a blend of technical prowess, advantages, challenges, and future development directions. This sets the stage for a more scalable, efficient, and diverse Bitcoin ecosystem.
Official Website: https://bl2.live/
Bit Brother Announced 2.39 Bitcoin has been Mined
Bit Brother Limited (the “Company,” “we”, “BTB” or “Bit Brother”) is pleased to announce till the time this Press Release is published, all 1,400 S19J Pro cryptocurrency mining servers have been operating with the total hash rate of 140,000 TH/S in Texas mining farm, which is owned by BTB’s subsidiary Bit Brother New York Inc (“BTB NY”). And 2.39 Bitcoin has been mined.
The Company seeks to provide as much transparency about its bitcoin mining operation as possible. The link below reflects the BTC we have mined in real-time:
Ralph Jones, CEO of BTB New York, commented gladly, “The operating of the 1,400 mining servers is an important step which reflects the substantial achievement of BTB’s North American blockchain business, and represents that BTB’s transformation into the block industry was successful. Management team of BTB will continue to explore more green power to expand the mining farms, purchase more mining servers, and devote more computing power. The Company is committed to develop its cryptocurrency and blockchain businesses to benefit the Company, as well as its shareholders.”
These mining results do not include any financial results for the Company and do not address the Company’s other, non-mining operations. United States generally accepted accounting principles for cryptocurrency mining are complex, emerging, and uncertain. Cryptocurrencies may not be recognized as cash or cash equivalents, and mining activities may not qualify for revenue recognition. Cryptocurrencies have no inherent value, are not legal tender recognized by any governmental entity, and might not be able to be converted into fiat currencies. Investors are advised not to place undue reliance on mining results alone, without considering other financial and non-financial metrics.
About Bit Brother Limited
Bit Brother Limited (formerly known as Urban Tea, Inc.) was incorporated in the British Virgin Islands as a company with limited liability on November 28, 2011. Our business currently consists of cryptocurrency mining in North America, and the distribution and retail of specialty tea products. For more information, please visit: www.bitbrother.com
OpenNode partners with Lemon Cash to enable Lightning-fast Bitcoin payments and payouts for its 1M+ customers
OpenNode continues its relentless growth and innovation of the Lightning Network through its partnership with blockchain-powered Lemon Cash, an Argentine financial services company best known for its digital wallet and Argentina’s most-downloaded cryptocurrency app. Powered by OpenNode’s industry-leading technology, Lemon Cash customers will soon be able to facilitate Bitcoin transfers in and out of their wallets as well as facilitate payments in Bitcoin by leveraging the low cost and instant settlement of the Lightning Network.
More than one million Argentinians have adopted Lemon Cash with exponential growth expected to continue following its recent entry into the Brazilian market.
“This partnership is yet another example of our capability and belief in Bitcoin as the new base layer for global payments,” says Josh Held, Head of Strategy at OpenNode. “We’re proud to support Lemon’s mission, its desire to scale and benefit its customers and ultimately the growth of the Bitcoin economy in Latin America and beyond.”
Lemon Cash Co-Founder Borja Martel Seward added, “Introducing the Lightning Network to more than one million users in partnership with OpenNode will be a huge step towards our main goal: to make crypto more usable and accessible in LATAM.”
In 2017, OpenNode was the first company to innovate on the Lightning Network, a Bitcoin scaling solution that provides instant and final payment settlement with zero risk of chargeback fraud. OpenNode focuses solely on Bitcoin because it offers the highest level of security and regulatory compliance, whereas other cryptocurrencies remain speculative and non-secure.
Learn more at www.opennode.com
OpenNode is a leading Bitcoin payments infrastructure platform, servicing companies in 126 countries through our Bitcoin Lightning Network-powered products. We remove complexity and risk by providing superior technology solutions, including simple no-code, turn-key hosted checkouts, e-commerce plug-ins and APIs for customized integrations. Compatible with every Bitcoin wallet, OpenNode is transforming money and payments for every business, everywhere. Founded in 2017 and backed by influential global investors, OpenNode is on a mission to empower and connect the world with Bitcoin.
About Lemon Cash
Lemon (lemon.me) is one of the fastest-growing crypto startups in the world. Its main goal is to launch civilization into the future of money and the internet, with a special focus in Web 2 and Web 3 interoperability. Lemon’s main product is a wallet with both FIAT and Banking capabilities and Crypto & Web 3 features such as crypto interest accounts, trading and more. Founded in 2019 by entrepreneurs Marcelo Cavazzoli and Borja Martel Seward, the company has offices in Argentina and Brazil and is expanding across the region. During 2020, Lemon raised its 1M Seed round led by U.S. fund Draper University Ventures and Argentine Fund Draper Cygnus, also joined by the U.K.’s Silent Unicorn and Amagis Capital. Thanks to the received contributions, and after announcing an additional raise of $16.3 million in its Series A led by Kingsway Capital with co-participation of renowned investors such as Draper Associates and Coinbase Ventures, Lemon is currently one of the most promising and successful crypto companies in the region, and one of the few to have crossed the 1M user threshold in 2022.
Popular BTM Operator: Bitcoin of America Welcomes Shiba Inu Coin to Its Bitcoin ATMs
Bitcoin of America has officially announced the newest addition to their Bitcoin ATMs (BTMs). Shiba Inu coin is now available at Bitcoin of America ATM locations. Bitcoin of America has more than 1800 BTMs across 31 states. They recognized the growing popularity of Shiba Inu and decided it was time to include it in their BTMs. Bitcoin of America also offers Bitcoin, Litecoin, and Ethereum options. This news comes after their recent addition of Dogecoin in March of this year.
Bitcoin of America is a popular virtual currency exchange registered as a money services business with the United States Department of Treasury (FinCEN)(RegNum). They are known for their top-of-the-line customer support while also providing a fast and hassle-free transaction.
Bitcoin of America makes it easy for everyday businesses to get their hands on a Bitcoin ATM and for customers to buy Bitcoin. They take care of their host locations by providing passive income, increased foot traffic, and marketing. They even handle customer support and any maintenance/installation services.
The popular operator has made many updates to its BTMs and services over the past year. They launched their universal kiosks, which operate as a traditional ATM combined with BTM functions. Bitcoin of America has created a point-of-sale system for their tablet program, which has allowed businesses to accept cryptocurrency as a new form of payment. Bitcoin of America is constantly expanding and improving its services.
PHAETON RAISES USD 1.5 MILLION WITHIN 24-HOUR OF IEO LAUNCH
Phaeton, a blockchain-cantered service company that offers sustainable investment options, launched its IEO on September 18. Within 24-hours of the IEO, the project raised $1.5 million US dollars indicating a considerable demand in such a new blockchain technology service firm.
Phase 1 of Phaeton’s IEO is currently live on two Crypto Exchanges, namely P2PB2B and LAToken. Here, users can buy the native token PHAE that plays a critical role in the Phaeton ecosystem.
After Phaeton’s IEO campaign ends, PHAE Coins will be available for open market trading (buy & sell).
The second phase lists several other major exchanges, namely OKEx, FTX, Bitfinex, Gemini, and Kucoin. Team Phaeton are currently engaged and working with the latter exchanges.
Phaeton Technology has created a Positive Social Impact Platform that incubates, develops, and collaborates with new and established business enterprises that address social and environmental challenges in line with the United Nations Sustainable Development Goals. The project aims to resolve long-running social issues using blockchain technology and collaborate with all business levels, government agencies, not-for-profit organizations, impact investors, philanthropists, and technologists who want to make a social change. The sectors that Phaeton is looking at include:
- Affordable housing and community development
- Renewable energy and conservation
- Carbon credits and climate change
- Health and Wellness
- Education and social infrastructure
- Small business and microfinance
- Sustainable products and agriculture
- Supply Chain management
Phaton Ecosystem and Core Technologies
The Phaeton platform has an ecosystem offering users access to a decentralized global market. Its side chains allow independent dApps, facilitating customization, scalability, and a departure from high network fees providing multiple benefits for the users. In addition, the protocol has been designed to make it convenient, secure, and seamless for all stakeholders. Phaeton ecosystem comprises the following core technologies that power the platform and make it infinitely scalable and highly usable.
- Phaeton Blockchain: Phaeton Blockchain has created its decentralized ledger system with a 250kb block size (potential of one million transactions) and five-second creation time. Phaeton Blockchain is based upon the Delegated Proof of Stake plus Delegated Byzantine Fault Tolerance (DPoS+dBFT) consensus algorithm, significantly improving energy efficiency. Phaeton remains an independent blockchain that provides its native platform for enterprises to use, whether for monetary, transaction, data, or smart contracts. The ability for individuals to host a node is critical for the speed, infinite scalability, and security of Phaeton’s Blockchain.
- Phaeton Core: Phaeton Core is a single-sign-on platform with multi-factor authentication and biometric identity validation for smart contracts, KYC, and cosignatory transaction authorization. Phaeton Core was developed to address the lack of trust in the crypto-currency industry by authenticating all those interacting with the Phaeton Blockchain.
- Phaeton Smart Card: Resembling a typical debit/credit card, Phaeton Smart Card is a biometrically secure device serving multiple functions. It includes ID authentication, multi-currency banking, and hard-wallet storage for cryptocurrencies. As a result, it has considerable scope in retail banking and Industry 4.0 applications.
- Phaeton Coins: The Phaeton Coin transaction model is like the Ethereum ETH Coin, which is applied when any of its ERC- 20 tokens are used within its ecosystem, but in no way connected to the Ethereum or any other platform. Phaeton Coins are also used for staking and as a reward for each delegate hosting a Phaeton Blockchain node within Phaeton’s ecosystem. Phaeton has pre-mined 500 million coins with approximately 250 million Phaeton Coins in circulation and around 250 million Phaeton Coins in reserve.
- Phaeton Sidechains: The Phaeton Blockchain platform is built on the consensus of a dPoS model (delegate proof of stake). This Phaeton feature is unlike PoW (proof of work) models used by Ethereum and others. In addition, Phaeton’s Sidechain model is designed to allow an infinite number of projects or subsidiaries to create a sidechain on the Phaeton Blockchain. A Sidechain is a type of Blockchain that exists alongside its parent chain (Phaeton Blockchain). Thus, the Sidechain can be defined as the “child chain.”
Phaeton Blockchain empowers new Projects
New startups are created every minute, which is an excellent opportunity for Phaeton to tap into this ever-increasing market and make the Phaeton business model grow exponentially. Phaeton helps existing businesses incubate ideas and develop an ecosystem around current products, making the market tilt towards Phaeton incubated technology products. Phaeton also offers mentorship, guidance, and seed capital to entrepreneurs and takes an equity position, improving Phaeton’s holdings and increasing Phaeton coin value. By attracting startups with new ideas, there is the potential to find a “unicorn” idea that will disrupt the market.
New startups and projects will select Phaeton over other incubation projects because the ecosystem offers a range of infinitely scalable and secure solutions that ensure greater market exposure and user base.
New startups are attracted towards the following offering from the Phaeton,
- A network powered by interoperability to improve accessibility
- The opportunity of creating a public or isolated blockchain network
- A secured ( military grade) and infinitely scalable environment with the delegated proof of stake
- A truly decentralized governance model creating an unbiased network
- Faster hashing algorithm ( 1M+/tps) than popular alternatives like MD5, SHA-3, secure against length extension attacks, parallelizable on multi-core architecture.
The vision and realization of Phaeton Blockchain as a true market disrupter is through the leadership of Chai Shepherd.
As Co-Founder and Head of Technology, Chai is driven to ensure Phaeton Blockchain platform is robust and designed to adapt to technology changes now and into the future. Through his experience and leadership, Chai leads a highly talented and credentialed team of technology experts and developers to provide a future-ready Blockchain solution that combats the shortcomings of current Blockchain platforms, such as high/unaffordable costs, scalability and interoperability.
The first round of IEO is still running! Grab some PHAE now
To learn more about Phaeton, visit Phaeton.io.
Crypto Asset Rating Inc. Plans to Launch Its Digital Securities for Non-US Investors Under Regulation S
Crypto Asset Rating Inc. (CAR), a US-based Fintech Company, announced that it plans to launch digital token securities for non-US investors using the Tokenization Asset Platform. These digital securities will offer potential investors an exciting opportunity to invest in a FinTech Company, which is already revamping the financial market.
These securities will be launched under exemption Regulation S of the Securities Act of 1933, and will be backed by Class B Common Stock of the company. With Regulation S, only non-US investors will be able to invest in this offering and become part of a well-renowned Fintech company.
Crypto Asset Rating is represented by Benemerito Attorneys at Law for the security token offering. The company’s digital securities will be issued using the Tokenization Asset Platform and will have a 12 months lock-up period. KYC verification is mandatory for each investor that includes Document Verification, PEP, and Sanction’s verification to invest in the offering. The Tokenization Asset Platform has partnered with Acuant for the identity verification and Eversign for document e-sign.
Today Crypto Asset Rating Inc. is one of the prominent thought leaders in the Fintech market. With innovative and pioneering products, like the Crypto Asset Rating Platform (CARP) and the Tokenization Asset Platform (TAP), they have set the perfect example of reinvention of the financial system.
Crypto Asset Rating Inc. strongly believes in financial inclusion and therefore is launching its own digital securities and is paving a new way for non-US investors while giving them accessibility and affordability to a unique investment opportunity.
About Crypto Asset Rating Inc.
Crypto Asset Rating Inc. is driven to plug the gaps in the Fintech market and bridge the governance institutions with the existing and new thought leaders of the Fintech industry.
The company believes in solving the Fintech industry’s key challenges. Our Independent Structured Rating Platform comprehensively rates crypto assets for institutional and retail clients. The company developed a custom rating algorithm to conduct an exhaustive multi-layered evaluation, covering four distinct risk buckets—Business, Financial, Legal, and Technology.
Our product network includes one of the transcendent and innovative products in the crypto industry – Tokenization Asset Platform (TAP), a Software as a Service (SaaS) that offers the process of creating, issuing, managing, and converting an asset to digital securities. TAP does this by leveraging tokenization technology to fractionalize ownership of equities, bonds, shares, and commercial/residential real estate. Issuers and private investors have early liquidity options through the issuance and tradability of asset-backed digital securities on the Tokenization Asset Platform.
DIRHAM: A New AED Backed Fully Regulated Stablecoin With Smart Contract Support
The cryptocurrency market has turned into a perfect investment alternative for retail as well as institutional investors. It has grown to become a $2 trillion industry as mainstream adoption came knocking this bull season. The price volatility of these digital assets works in both ways as it helps people to make a good profit in a short period while on red days it can lead to significant losses as well. However, the most important aspect is the transfer of value where fluctuation in prices can make it complex to transfer it or lose some value during the exchange. This is where stablecoins come into play as it ensures a stable value against the market volatility, but the popular stablecoins such as USDT lack transparency and have often been marred into controversy. The value of USDT often falls below $1 and even rises above the pegged value during extreme market fluctuations.
In the cryptocurrency market, stablecoins serve as a buffer. Through them, the owners of large capital can enter the crypto market to turn a large amount of money into money inside the blockchain at once and trade on them or invest. This is where DAH dirham, a regulated stablecoin that combines the creditworthiness and price stability of the AED Dirham comes into play. DAH is tied to the rate of AED 1:1 and (approximate cost of $ = 0.27). Only minor fluctuations in the exchange rate that the cryptocurrency market can produce are allowed. DAH is built on top of the Ethereum network and uses ERC-20 protocols to ensure minimal exchange rate fluctuations.
The value of a digital asset is 20% secured by AED / USD and 80% secured by the issuance or burning of a token within the framework of the blockchain protocol. Full 100% provision of a digital asset by an external traditional real asset will be completed by the specified path.
What Separates DAH From Other Stablecoins?
The main regulator of the value of DAH is the control of the token issue. When the demand for stablecoin increases, there is an additional issuance to keep the price stable, there is a burning of tokens if the price exceeds the set limit. Also, the regulators of the value are the exchanges that determine the maximum fluctuation in the value. The basic information on the distribution of the token, as well as fixing the cost of DAH, is hardcoded in the smart contract of the token. The smart contract is verified and fully regulated.
DAH will act as the bridge to exchange between various reverse coins/tokens. This means that it will act as an interface that mediates transactions between blockchain users and will also implement an ecosystem that can be effectively used by various reverse coins. Dirham is now used as a reduced volatility clipboard. It has a wallet, an exchanger, as well as the Dirham Trade exchange (Dirham.trade), trading on which will be open after the ICO.
DAH and Habicoin Ecosystem
Being built on top of the Ethereum network allows DAH to function much more than just a traditional stablecoin. DAH act as the base for the Habicoin ecosystem. Habi is a separate decentralized privacy-focused mining token. Habi makes use of the HabiLanS Protocol (HLS). There are no identifiable or reused addresses in the HLS blockchain, which means that all such transactions look random from the outside. Data about such an operation is available exclusively to participants.
HLS blockchain will use a function called cut-through, which reduces the amount of data in the block by removing unnecessary information about transactions. HLS offers data compression, reducing the overall size of the blockchain network. Using this node can check the transaction history much faster, using fewer resources, which will also affect new nodes. This in turn reduces the cost of joining the network and running a node can ultimately lead to a more diversified and distributed community.
DIPAY (display.app) is a technology that collects and transmits payment information for online payments from customers to acquirers around the world. All this will make it possible to implement a large-scale project that has not yet been implemented by anyone. These four components will work in tandem to provide a single mechanism for Dirham.
DAH Token Distribution and Public Offerings
The first emission of DAH would release 11,000,000,000 tokens out of which 5% equivalent to 550000000 DAH would be allocated towards ICO. The initial coins supply are distributed as follows:
- 83 % – IPO initial public offering (IPO) for using “stablecoin” as a stable digital asset. (0x72edd6a805cb82c5f8f5c8954b301dc059f29e1b)
- 5 % – ICO to Republican investors and accredited investors for crowdfunding, receiving some remuneration and subsequent sale on trading platforms (no more than $148,500,000). (0xfee6c3ee37857ff3ae73cabba651acafcd7a67a0)
- 3 % – remuneration, grants, and other financing. (0x10a9e61757b6c5af88053ba42d97fb385879d993)
- 3 % – Dirham fund, for engineering development, building communities, and marketing activities. (0x476e0380bae4ace85c60db480341d5926e3a1d7a)
- 6 % – for creators, team, and development. (0xe0b737ebace42bef7385e8e66a75b6e1085fef47)
The token is currently listed on Coinsbit exchange with trading pairs: DAH / BTC, DAH / ETH, DAH / LTC, and Finexbox exchange: DAH / BTC, DAH / ETH.
The ICO is currently live and would go on until 19th June 2021, users can buy DAH at a 25% discount during the initial buying phase. After the end of the ICO phase, the firm would also organize a 100 day staking period where uses would earn a 0.8% reward on the total number of staked coins.
IPO session for Dirham token on P2PB2B exchange is open. Users can participate in purchases with a 9% bonus on market sales. The session duration is 14 days, the sale is available on Finexbox, Coinsbit, and P2PB2B after the end of the IPO session. Available pairs: DAH / BTC, DAH / ETH, DAH / LTC, DAH / DASH, DAH / USD.
To learn more about Dirham visit Dirham.app
Registration key: https://dirham.app/?ref=8FwYdc (registration only by key).
Twitter : https://twitter.com/dirhamtoken
Telegram : https://t.me/dirhamtoken
Website : https://dirham.app/
Bitcoin Association launches online education platform Bitcoin SV Academy
Bitcoin Association, the Switzerland-based global industry organisation that works to advance business with the Bitcoin SV blockchain, today announces the official launch of Bitcoin SV Academy – a dedicated online education platform for Bitcoin, offering academia-quality, university-style courses and learning materials. Developed by Bitcoin Association, Bitcoin SV Academy has been created to make learning about Bitcoin – the way creator Satoshi Nakamoto designed it – accessible, accurate and understandable. Courses are available in their entirety online and offered in three distinct streams:
Bitcoin Theory – covers the design of Bitcoin as a system as prescribed by Satoshi Nakamoto.
Bitcoin Development – provides vanguard information for application developers building with Bitcoin, including tools and techniques for leveraging the unique features of the network.
Bitcoin Infrastructure – looks at the underlying architecture of both the Bitcoin network and ledger, including how the network is constructed and scales.
Within each stream, courses are offered at introductory, intermediate and advanced levels, following a progressive structure designed to build on the concepts and knowledge introduced in the preceding course. At the conclusion of each course, participants will undertake an online assessment to test their understanding of the material, with certification available to those who pass.
The first course to launch, the introductory module of the Bitcoin Theory stream, is now available for enrolment at www.bitcoinsv.academy. Introductory level courses will be offered free of charge for the foreseeable future, part of Bitcoin Association’s commitment to making Bitcoin education available to as wide of an audience as possible.
Speaking on today’s announcement, Bitcoin Association Founding President Jimmy Nguyen, commented:
‘Education is a cornerstone of the work we do at Bitcoin Association, as we help businesses and individuals alike understand the Bitcoin system envisioned by Satoshi Nakamoto, and how Bitcoin SV is the only project implementing that Satoshi Vision. Bitcoin SV Academy will be a key component of that work moving forward, providing a platform to deliver a robust curriculum tailored to all levels of ability and knowledge, as we educate the world about just what’s possible with the power of the original Bitcoin protocol.’
Also commenting, Steve Shadders, Technical Director of the Bitcoin SV Infrastructure Team, said:
“The most important piece of infrastructure that Bitcoin can have is access and availability of education – not only does it broaden the pool of talent available to work and build with Bitcoin, but it also helps to spread awareness of what Bitcoin as an entire technology system can do and is truly capable of. The launch of Bitcoin SV Academy is a huge step forward in making meaningful change in this area – and having taken the first course myself, I can confirm that there really is something for everybody to learn in there.”
Recover Scammed Crypto by Contacting the Best Crypto Scam Recovery Expert (2024)
De.Fi Awards Over $8,000 to Users in Successful Airdrop, Fuels Web3 Growth
Zeebu Sets New Standard with Automated Token Burn via Phoenix Protocol
FxBox – Crypto GameFi & DeFi with Forex Trading
Sovereign Yidindji Government and Sovereign Wallet Join Forces on Currency Alliance Initiative
Volcano X Pioneers Sustainable Practices in Bitcoin Mining, Embracing Bitcoin Mining’s Transformative Era
Terraform Labs Launches Warp Protocol v2, the Decentralized Automation Layer for Cosmos
Transient Labs Set to Redefine the Art Experience on Arbitrum
CardanoGPT (CGI) Token Skyrockets Amid AI Crypto Frenzy, Urging Investors to Seize the Opportunity
News2 weeks ago
COCA Rolls Out Virtual Cards Following Massive Sign-Up in Early Access Program
Blockchain3 weeks ago
Curtain Fell: Ideal Cooperation Blockchain (ICB) Presents Advanced Blockchain Network at ICO Level
News3 weeks ago
Web3Port Foundation Established
Altcoins2 weeks ago
$NMT Expands to PancakeSwap After Initial Launch on NetMind Chain
Business2 weeks ago
Apraemio and Biconomy Forge Strategic Partnership to Elevate Web3 Accessibility and Real-World Asset Integration
Blockchain2 weeks ago
Laser 2: An introduction to the protocol to bring Ethereum to the next level
News2 weeks ago
Aptos Ecosystem Summit Marks Historic Global Gathering for Web3 Innovation and Collaboration
Blockchain2 weeks ago
UniLend V2 Launched on Mainnet: First-Ever Permissionless Lending and Borrowing Protocol for All Digital Assets