How to cancel a pending ethereum transaction with MetaMask ...

Change my mind on why the rollup-centric roadmap changes are a good thing

I have strong doubts related to the rollup-related roadmap changes - please change my mind on why Vitalik's suggestion is really a good one:
submitted by mat3_ to ethfinance [link] [comments]

Trial of the Gods: On Minting, Purchasing, and Trading

Trial of the Gods: On Minting, Purchasing, and Trading

The Gods discussing the merits of fractionalized beard tokens
TLDR: Due to insane gas prices, Trial of the Gods card minting and trading will be deferred until the release of Immutable X. Trial of the Gods cards and chests will be available via ETH purchases only, with credit card purchases being worked on for future implementation.
Hello everyone!
The countdown to Trial of the Gods is (quite literally) on, and – when the new expansion launches – so too begins Gods Unchained’s very first season: Champions Rise*. “*What the hell is a season?” you ask? It’s a new structure for our releases, where a season spans multiple expansion sets (with Trial of the Gods being the first of Season 1), weaving mechanics, cards, and events together to tell unique stories within Gods Unchained.
Season 1 is starting in a challenging environment on the Ethereum blockchain that leaves many questions as to how purchasing and minting of Trial of the Gods packs, chests, and cards will work. Well, let me put on my epic storyteller hat to add a bit of flare for this intro: *ahem* “Come with us on a journey through our own Trials in the face of adversity and learn how we plan to tackle and overcome the challenges that await!” …did that sound epic? I hope it sounded epic. By the Gods, everything leading up to this has felt Epic.
The Trials started earlier in the year, when we made the decision to put the Forge on hold temporarily while we waited for gas prices to go down. Months later we’re sitting here wishing gas prices were where they were when we turned off the Forge. That early challenge due to rising gas prices, however, did start us down the path towards building technology that would enable us to maintain all the benefits of the blockchain without the huge transaction costs we’re experiencing today. That technology is Immutable X (IMX) and it is where we plan to mint the Trial of the Gods cards. To see why this is our plan, let’s look at a scenario where we go forward with minting ToTG to the blockchain.
Here Be Maths - Scenario #1: We launch ToTG with on chain minting of draw tickets and cards
All Scenarios will use Sept 2nd when Gwei was at 500 and ETH around $430 for the math
Cost of a Rare pack of ToTG: $2.49 USD
Purchase transaction cost of a Rare pack or 100 Rare Packs of ToTG: ~$40 USD
Cost to mint the draw tickets and cards: ~$77 USD or ~$1,215 USD for 100 Packs
Total cost to purchaser: ~$42.49 USD or ~$291.49 USD for 100 Packs
Total cost to GU: ~$74 USD or ~$966.30 USD for 100 Packs

Minting with Immutable X

For those familiar with Immutable X, great! For those who aren’t, we’re currently working on a game-changing exchange that will reduce the cost of buying, selling, and trading cards low enough to make trading commons viable. This will allow us to affordably mint in-game assets, bring the Forge back online and introduce a heap of new tools to enrich the player and trader experience.
In the short term though, while Immutable X is under development, we’ve decided to proceed with the process of deferred minting for Trial of the Gods card packs. This is incredibly similar to what you may remember from the Genesis period, where we locked in the randomness used to determine your cards at purchase, made them available for use in game, but waited to actually mint the cards until a later date. At current gas prices, the gas fees associated with minting a Rare pack greatly exceed the cost we want to charge for a Rare pack. It also means another series of transactions will be needed to pull those cards into IMX once it’s live, at a cost many times the original pack price. If we, as a company, pay for those minting costs, we’ll quickly run ourselves into the ground – and asking you to pay for those costs is also out of the question (as paying double or more the pack price is ridiculous).
By deferring the minting process until the release of IMX, we can get the set into the hands of our players now, and open trading up down the line in IMX. Once your cards are on IMX, you’ll be able to trade ‘em freely on the Gods Unchained marketplace, as well as move them on-chain at any time to trade on third-party marketplaces. Importantly, IMX is a non-custodial exchange, meaning you and only you have access to your cards (we can’t take them away or lose them).
So how do you know the cards you get are the cards you’ll receive when IMX minting is activated? Purchasing a pack acquires a random seed from the blockchain, a series of inputs that will always have the same outputs, and writes it into the transaction. Put simply: it’ll predict what cards your pack gives with 100% accuracy. This is how we’re approaching randomization for launch, but this could change to save purchase processing time where we aren’t asking the blockchain for the seed but still storing one generated by us. (This is still being decided and we’d love your thoughts here! More on this below in the ‘Dangerous waters: Here be maths’ section).
It’s important to note that Immutable X minting will not be applied to two items: Trial of the Gods chests and draw tickets. After the Balancing Phase has ended, chests will be minted as ERC-20 tokens and become tradable on third-party marketplaces, while draw tickets (used for entry into the Shadow and Mythic Draws) will be minted as ERC-20 tokens on a weekly cadence and will also be tradable on third-party marketplaces. The cadence of ticket minting will still be subject to gas prices, however. A weekly cadence allows us to mint all tickets from all opened packs in a single transaction, and allows us to continue minting at much higher gas prices. On days like September 2nd, when Gwei broke 500 we would need to delay for just a bit.With Ethereum gas prices above 500, we believe this also shows why it is in our players’ best interests for Trial of the Gods cards to be minted into IMX where they are not only owned by those who hold them, but are in a system that allows them to be traded. This will prevent the situation we’re in right now with Genesis cards being effectively locked in whatever wallets they’re in at the moment, and trapped digital assets are a key problem we’re trying to solve.
Here Be Maths - Scenario #2: We launch ToTG with deferred minting of cards and delayed minting of draw tickets
Cost of a Rare pack of ToTG: $2.49 USD
Purchase transaction cost of a Rare pack or 100 Rare packs of ToTG: ~$40 USD
Total cost to purchaser: ~$42.49 or $291.49 USD for 100
Total cost to GU: Variable as it depends on how many packs are bought per ticket minting period, but we should come out still in business.

Dangerous waters: Here be maths

From the previous examples, it's clear we haven’t yet tackled all the issues with the math for both sides of the transaction, and as such there is more work yet to be done. We’re currently in the process of optimizing the purchase transaction, which determines what cards you receive to reduce costs for those buying packs. Even so, buying a single pack isn’t going to make sense until gas costs come down quite a bit. It does take the purchase of multiple packs for the math to work. Keeping with our existing scenario though we want to reduce the purchase transaction cost for users and that will require some additional changes to the smart contract.We’re investigating removing the trustless (aka: you don’t need to trust us or anyone) nature of the randomization of ToTG packs by removing the on-chain validation of randomness. The randomization of packs would still be auditable in that we’re still logging the seed for the randomness, and any user could verify that their purchase matched what we gave them. However, it would no longer be trustless in that the validity of the randomness will not be enforced by smart contracts. While this isn’t ideal for a blockchain game, removing this will reduce the cost of the transaction by about 40%. This is not confirmed for launch as we’re working on it right now, and would love the community's feedback. This approach could be extended to remove the majority of on-chain actions to reduce the cost to purchasers even further to just the ETH transaction. We’re also investigating this more extreme path with an option to opt into the higher purchasing cost to maintain everything on chain. Again, your feedback would be appreciated.
Here Be Maths - Scenario #3: We launch ToTG with deferred minting of cards, delayed minting of draw tickets, and auditable randomization.
Cost of a Rare pack of ToTG: $2.49 USD
Purchase transaction cost of a Rare pack of ToTG: ~$23 USD
Total cost to purchaser: ~$25.85 USD (About 40% less than with trustless randomization)
Even here it still doesn’t make sense to purchase a single pack, and it won’t until gas prices drop back down. Luckily the costs to both GU and purchasers don’t scale with the number of packs bought. Even so, we’re continuing to look at ways to reduce the cost of the transaction itself, and IMX will resolve much of our costs in the future. What we aren’t counting on at this point is a return to the days of cheap gas.
Here Be Maths ~ Dream Scenario ~: We launch ToTG with deferred minting of cards, delayed minting of draw tickets, and auditable randomization at gas prices equal to when Flux minting was disabled (8 Gwei)
Cost of a Rare pack of ToTG: $2.49 USD
Purchase Transaction Cost of a Rare pack of ToTG: ~$0.37 USD
Total Cost to Purchaser: ~$2.86 USD

Exclusively ETH (to begin with)

We’ve been adamant for some time that credit card purchasing was an incredibly important factor that we wanted from the get-go with the Trial of the Gods expansion. We’ve solved a number of challenges associated with credit cards, from legal terminology around digital asset ownership, to escrow periods to help avoid chargeback issues, to making the purchase flows work and escrow’d cards clear and usable in the game. Despite all of these solved problems a few legal issues remain to sort out and, while the game team can solve any number of bugs, we aren’t lawyers. We’ve made the hard call to move forward on releasing Trial of the Gods without credit card purchases for launch because we believe it will bring a lot to the game. We expect to launch the credit card purchase flow in the near future, but only the lawyers really know when that’ll be.
Unfortunately, what this means is that Trial of the Gods won’t be launching with credit card functionality off the bat. But it isn’t far away. We’ll be integrating credit card purchasing as soon as we’re confident we can push the button, at which point it will be set up for every new expansion to come. While we’d like that to include a portion of Trial of the Gods, it may not necessarily be the case. We want to ensure that your credit card transactions are secure and safe, and we won’t release this payment option until we’ve reached that point.

Playing and trading Trial of the Gods cards

You might be wondering: “After I buy my card packs, when can I use them?” The short answer is: very soon after purchase. If you make your purchase with ETH, your items will be usable in-game from the moment the payment transaction is confirmed by the blockchain. Once credit card purchasing is available and you use it for a purchase, the assets will be usable in-game as soon as the payment transaction is confirmed by the game.
Trading your items is another matter and there are a few things that come into play here; namely: the Balancing Phase, escrow, and Immutable X minting. A lot of you will be familiar with the Balancing Phase, which allows a new set to be tested in a live environment to see what creative ways y’all decided to use your decks. As a general rule across Gods Unchained, and much like the Genesis period, cards can’t be traded until after the end of the Balancing Phase. Unlike the Genesis period, we expect this Balancing Phase to be much shorter. The end of the Balancing Phase will be at least 60 days after cards go on sale – but we reserve the right to have additional 30-day extensions if we are not yet satisfied with the results. We’ll make sure to communicate this clearly with you as we journey through the first expansion of Season 1.
The next thing to affect trading is escrow, which won’t come into play unless credit card purchases are activated. Essentially, any item purchased with a credit card will be subject to an escrow period of 90-days after purchase. This is because Ethereum ownership is irreversible, so a payment must be cleared before tokens are delivered (as mentioned above, they’ll be playable in-game during this time though!). Clearing a payment is instantaneous with ETH... not so much with Credit Card. We’ll have the terms and conditions for credit card purchasing available in more depth once it’s ready to go, but 90-days is where we’re starting and – as that’s a very long time – we’re working to reduce it moving forward based on factors like your purchase history.
You’ll be able to trade your Trial of the Gods cards on the Immutable X platform once it’s live, so long as the conditions for the escrow period and Balancing Phase have been met. They’ll be minted straight to the Immutable X platform, meaning that there will be absolutely no minting costs for you. Again, we’ll have more details on the Immutable X platform once the public launch is closer.

Wrapping Up

I’m pretty sure a lot of the above isn’t a surprise to those in Discord, as I’ve seen much of the above as a predicted solution to the challenges of the current environment (we’ve got plenty of big brains in the community!). We hope that you’ll agree that deferred minting gives us and you the ability to play with ToTG now, while also benefiting from direct minting into IMX – instead of having to wait for the entire expansion to ship. Again, we’re in the process of exploring moving more of each purchase off-chain to save costs to you, so if there are any concerns now is the time to raise them. We’re lucky, in that we’re well on our way to a necessary solution for blockchain games to work, and hopefully we can bring it to more than just GU in the future. Above all else, thank you for your continued support of Immutable and Gods Unchained through what has been the most insane year of my lifetime. The launch of Trial of the Gods is just the start of our counter-attack on 2020, and we’re looking forward to sharing more with you in the coming months. See you in the Arena.
Here Be Maths - IMX Scenario: A parting look into the future. IMX will allow you to have ETH inside of IMX as well, and in that world we see the following scenario.
Cost of a Rare pack of ToTG: $2.49 USD
Purchase transaction cost of a Rare pack of ToTG: ~$0.00 USD
Cost to mint the draw tickets and cards into IMX: ~$0.01 USD
Total cost to purchaser: ~$2.49 USD

submitted by ImmutableClay to GodsUnchained [link] [comments]

6 Reasons Why Serum Won't Succeed

6 Reasons Why Serum Won't Succeed

The world of DeFi is exploding but is it all it’s made out to be?

DeFi (decentralised finance) is most certainly the buzz in the crypto world this minute. It’s bringing similar feelings which was the 2017/18 ICO phase, where a mammoth of new projects begun to explode onto the scene, each with their own promise of new innovation and use case.
Hindsight has shown us that most of those projects have ultimately failed, or worse, were outright scams that took advantage of not so wise investors looking to make a buck. Obviously, not all projects fit that description, with many teams still around today working on and delivering their individual visions. Crypto is, after all, still a big experiment of new technology.

Enter DeFi: Serum

DeFi has exploded into the limelight over the last few months, with some tokens appreciating hundreds of percent in price. It appears to be the catalyst that has driven a huge market shift in the crypto world, and for those who’ve been around a number of years, this is a welcome change.
In this piece, I’m going to examine a particular project called Serum.
Serum is the world’s first completely decentralized derivatives exchange with trustless cross-chain trading brought to you by Project Serum.
The Serum Project is aiming to create both a decentralised exchange and a cross-chain swapping mechanism. In this article, I’m going to focus solely on the cross-chain swapping aspect of Serum.
Although the Serum whitepaper is quite short and lacking in detail, it is useful to derive some understanding of how the cross-chain swapping protocol should work. Throughout this review, I will use it to describe how the imagined protocol works.

Overview

Let's assume Alice wants to trade some BTC for ETH and Bob wants to trade some ETH for BTC using Serum. These two users are matched and agree on a price using an on-chain order book on the Solana blockchain (whitepaper provides no practical details on how to do this).
Once these users are matched, Bob must send the ETH he wants to trade to an Ethereum smart contract, plus some amount of ETH ~200 USD worth (see section 4 below) to the smart contract as collateral. Alice will also need to send some collateral to the smart contract. Once this initial setup process is complete Alice then has to send her BTC to Bob’s BTC address and if Bob receives the BTC from Alice he can then release his ETH from the smart contract sending it to Alice’s ETH address. Upon completion of this both Alice and Bob are refunded their ETH collateral.
So what happens if something goes wrong? For example, say Alice never sends BTC to Bob, after some period of time Bob can initiate a dispute. When the dispute begins both Alice and Bob present a portion of the Bitcoin blockchain information to the smart contract (see section 3). The smart contract then decides whether or not Alice did send BTC to Bob. If she hasn’t then the smart contract returns Bob's ETH and collateral to Bob and also takes Alice’s ETH collateral and gives that to Bob. The same occurs in reverse if Alice sends BTC but Bob never approves the transfer of ETH from the smart contract.
This scheme seems pretty simple, there’s no oracles and no centralised parties, however, it has a number of disadvantages.

1. User-Provided Collateral Is Bad for User Experience

Each time a user conducts a swap they must reserve some percentage or fixed amount to cover the collateral for the swap. This collateral amount needs to be present to prevent griefing attacks where users initiate swaps with no intention of ever following through and sending funds to the alternate participant.
However, this creates a poor user experience as both Alice and Bob need to have at least the value of the dispute fee committed to the contract in collateral before they conduct a swap. This is totally foreign from the normal exchange experience in which you only require a single coin and a single transaction to begin trading. For example, if using Serum to trade Bitcoin you would need to hold Bitcoin and ~200$ of Ethereum and also interact with the Ethereum chain before any swap occurs. This adds unnecessary complexity and confusion, especially for newcomers to the crypto space.

2. ETH Must Always Be on One Side of the Swap

Although the Serum method of cross-chain swapping could occur on any blockchain with smart contracts, the Serum whitepaper makes it clear the Serum arbitration contract is going to be deployed on the Ethereum blockchain. This means one party must always be locking the full value of the trade in ETH using an Ethereum smart contract.
This makes it impossible, for example, to do a single step trade between Bitcoin and Monero since the swap would need to be from Bitcoin to ETH first and then from ETH to Monero. This is comparable to other proposed cross-chain swap systems like Thorchain and Blockswap, however since those networks use AMM’s (automated market makers)and decentralized vaults to take custody of funds, the user needs not to interact with the intermediary chain at all.
Instead in Serum, the user wanting to swap Bitcoin to Monero will need to do the following steps:
  1. Send Ethereum collateral to the Serum arbitration contract
  2. Send Bitcoin to the user they are swapping with.
  3. Receive Ethereum
  4. Send Ethereum back to Serum arbitration contract
  5. Receive Monero
  6. Send Ethereum out of Serum arbitration contract
  7. Receive back Ethereum collateral
It might be possible to remove or simplify step 4, depending on how the smart contract is built, however, this means a swap from BTC to Monero would require 2 Ethereum and 1 Bitcoin transaction in the best-case scenario. Compared with the experience of other cross-chain swapping mechanisms, which only require the user to send a single transaction to swap between two assets, this is very poor user experience.

3. Proving Transactions on Arbitrary Chains to a Smart Contract Is Not Trivial

Perhaps the most central part of the Serum cross-chain swapping mechanism is left completely unexplored in the Serum whitepaper with only a brief explanation given.
“[The] Smart Contract is programmed to parse whether a proposed BTC blockchain is valid; it can then check which of Alice and Bob send the longer valid blockchain, and settle in their favor”
This is not a trivial problem, and it is unclear how this actually works from the explanation given in the Serum whitepaper. What actually needs to be presented to the smart contract to prove a Bitcoin transaction? Typically when talking about SPV the smart contract would need the block headers of all previous blocks and a merkle inclusion proof. This is far too heavy to submit in a dispute. Instead, Serum could use NIPoPoW, however, these proofs only work on chains with fixed difficulty and are still probably prohibitively too large (~100KB) to be submitted as a proof to a contract. Other solutions like Flyclient are more versatile, but proof sizes are much larger and have failed to see much real-world adoption.
Without explaining how they actually plan to do this validation of Bitcoin transactions, users are left in the dark about how secure their solution actually is.

4. High Dispute Fees Force Large Collateral on Small Trades

Although disputes should almost never happen because of the incentives and punishments designed into the Serum protocol, the way they are designed has negative impacts on the use of the network.
Although the Serum whitepaper does not say how the dispute mechanism works, they do say that it will cost about ~100 USD in GAS to dispute a swap.
Note: keep in mind that the Serum paper was published in July 2020 when the gas price was about 50 Gwei, as Ethereum use has picked up over the past month we have seen average GAS prices as high as 250 Gwei, with the average price right now about 120 Gwei.
This means that at the height of GAS prices it could have cost a user ~500 USD to dispute a swap.
This means for the network to ensure losing cross-chain swaps aren’t made each user must deploy at least $200 in collateral on each side. It may be possible to lower this to collateral if we assume the attacker is not financially motivated, however, there is a lower bound in which ransom attacks become possible on low-value trades.
Further and perhaps more damagingly, this means in a trade of any size the user needs to have at least 300 USD in ETH laying around. 100 USD in ETH for the required collateral and 200 USD if they need to challenge the transaction.
This further adds to the poor user experience when using Serum for cross-chain swapping.

5. Swaps Are Not Set and Forget

Instead of being able to send a transaction and receive funds on the blockchain you are swapping to, the process is highly interactive. In the case where I am swapping ETH for Bitcoin, the following occurs:
If the Bitcoin transaction is never received then I need to wait for a timeout to occur before I can participate in the dispute process.
And on the Bitcoin side (assuming the seller is ready), the following must take place:
If the Seller never accepts the Bitcoin I sent to him then I need to wait on line for the dispute process.
This presents a strange user experience where the seller or seller’s wallet must be left online during this whole process and be ready to sign a new transaction if they need to dispute transactions or unlock funds from a smart contract.
This is different from the typical exchange or swapping scenario in which, once your funds are sent you can be assured you will receive the amount you expected in your swap back to you, without any of your wallets needing to remain online.

6. The Serum Token Seems to Lack a Use Case

The cross-chain swapping protocol Serum describes in its whitepaper could easily be forked and launched on the Ethereum blockchain without having any need for the Serum token. It seems that the Serum token will be used in some capacity when placing orders on the Solana based blockchain, however, the order book could just as easily be placed off with traditional rate-limiting schemes.
There is some brief mention of future governance abilities for token holders, however, as a common theme in their whitepaper, details are scarce:
Serum is anticipated to include a limited governance model based on the SRM token. While most of the Serum ecosystem will be immutable, some parameters without large security risks (e.g. future fees) may be modified via a governance vote of SRM tokens.

Conclusion

Until satisfactory answers are given to these questions I would be looking at other projects who are attempting to build platforms for cross-chain swaps. As previously mentioned, Thorchain & Blockswap show some promise in design, whilst there are some others competing in this space too, such as Incognito and RenVM. However, this area is still extremely immature so plenty of testing and time is required before we can call any of these projects a success.
If you’ve got any feedback or thoughts about Serum, cross-chain swapping or DeFi in general, please don’t be shy in leaving a comment.
submitted by Loooong_Loooong_Man to CryptoCurrency [link] [comments]

Bitcoin Gemini Exchange Review 2020

Bitcoin Gemini Exchange Review 2020
If you are planning to place assets into cryptographic types of cash like Bitcoin or Ether, in any case, you do not understand where to start, this Gemini exchange review will help you with choosing.
Gemini Bitcoin Exchange Review 2020
You need yourself to be a productive advanced cash intermediary. By what technique will you become? To help you here's an exchange review, which will give every one of you the low down information required for a powerful enthusiasm for one of the most trusted in stages the Gemini Exchange.
We should find all the more right currently review
Gemini Review :
About Gemini Exchange
Twin kin developed Gemini Winklevoss in the year 2014. The Gemini exchange is arranged in New York. The Gemini crypto exchange is open in essentially all US states, similarly as UK, Canada, Puerto Rico, Singapore, South Korea, and Hong Kong. In 2016, Gemini transformed into the world's recently approved Ether exchange.
It positions 82th greatest exchange on earth as showed by 24-hour volume on Coinmarketcap. While Gemini Bitcoin and Gemini Ethereum trading volumes are high, the exchange is endeavoring with all undertakings to fight with those stages offering a predominant piece of the cryptographic types of cash, for instance, Binance.
Reinforced Currencies
Gemini offers crypto to fiat portions and a BTC/ETH grandstand, which makes it a quick contender to any similarity to Coinbase, Bitstamp, and Kraken. At present, it is one of the most respected and ensure about exchanges open. This is in light of the fact that it has more features to help secure customers against developers. Also, it is one exchange for the CBOE Bitcoin future settlement. Gemini Mobile application is directly available, which is amazingly basic and versatile to use.
How to use Gemini?

https://preview.redd.it/qnowl19fwaj41.jpg?width=720&format=pjpg&auto=webp&s=1819eeac9d4c44681c0afe616d387b60a78f7c8e
1) Go to the official site and snap the "Register" tab on the upper right corner.
Enter your name, email address, and mystery word for your own record. While affirming your email address, it is critical to :
Affirm your email address and enter both your region and phone number, by then you can set up 2-Factor Authentication (2FA) which will be an additional layer of security to your record.
Incorporate your monetary equalization. Starting at now, Gemini recognizes simply bank moves and wires, as a methodology for putting away holds.
To check your record, move your organization ID proof. This will help you with executing and trade US Dollars. Moreover, it will help Gemini with as per the Bank Secrecy Act (BSA) and Anti Money Laundering (AML) rules. The affirmation time may run from a couple to a couple of days.
Subsequent to completing of all the above strategies, you can use your record for financing.
gemini crypto exchange
2) Deposit Currency
In the Menu, click Transfer Funds, by then find a good pace Bank Transfer and Exchange. Enter the whole you have to store here. Moreover, note $500 consistently is the most extraordinary most extreme for Bank moves.
3) Trading Bitcoin and Ethereum
As you store by methods for bank move, they are quickly available for trading. you can purchase by encountering the menu and picking your supported trading pair. For example, for Bitcoin BTC/USD similarly as Ethereum ETH/USD.
In the wake of embeddings the expense and sum it will process your buy demand. There is another choice to trade by methods for the business community which has exhibit orders gave by various customers.
After the fulfillment of your purchase, your record will be acknowledged with your Ethereum just as Bitcoin purchases. You can sell your computerized cash on the Gemini crypto exchange. Regardless of the way that you can't make a withdrawal until your bank move has been completely arranged.
gemini sponsor organization
4)Trading Limits
By and by, For most trade strategies, there are no limitations on trades. In any case, Automated Clearing House (ACH) moves have the greatest store most remote purpose of $500 day and $15,000 consistently for singular record holders. Associations have a state of restriction for making ACH stores of $10,000 consistently or $300,000 consistently.
Gemini Marketplace
There is a Gemini business focus that runs 24*7. Here, you can have indistinguishable number of solicitations from you wish to have, with a variety of trading choices. These include:
Market Orders – With the present best open worth, the solicitations here starting dealing with quickly against resting orders.
Purpose of repression Orders – The sum is filled at or better than a given expense. The sum which isn't dispatched lays on the solicitation book diligently until it is filled or dropped.
Brief or Cancel (IOC) Limit Orders – The sum is filled at or better than a given expense. The sum which isn't filled rapidly is dropped and doesn't lay on the perpetual solicitation book.
Maker or Cancel (MOC) Limit Orders – The sum lays on the solicitation book continually at a foreordained expense. Furthermore, the entire solicitation is dropped if there is any sum that can be filled immediately.
All solicitations made on this stage are totally sponsored and fill in as a full hold exchange. In any case, there is no edge trading Gemini. Despite that, reliably the customer's record equality should have more balance than the exceptional excitement on demand books. Also, all open solicitations decline your available leveling until they are fulfilled or dropped
Gemini Fees
In the event that there ought to be an event of moves, Gemini crypto exchange has a low cost technique and stage customers can store Bitcoin, Ether, at freed from charges for both bank and wire moves. In any case, banks will charge a cost for the customers to wire money to their Gemini account. Withdrawals on the stage are free and all customers will have 30 free withdrawals for each calendar month.
Any withdrawals more than this total will pull in costs comparable to the mining charges payable on either sort out. The costs are around 0.001 BTC or 100,000 Satoshi per trade on the Bitcoin Network and 0 GWei or 0 ETH per trade on the Ethereum Network.
MakeTaker charges
0.25% is the trading costs for both sellers(makers) and buyers(takers). If it shows up at certain trade volumes, charges will be reduced. The maker charge is 0% for 30-day trading volumes that outperform 5,000 Bitcoin or 100,000 Ether. For a comparable trading entirety, the taker run after will bubble to 0.10%.
Gemini uses dynamic maker and taker charge or reimbursement timetable, and sellers can get reimbursement on liquidity-creation trades. The particular entireties depend upon net trading volumes and the buy and sell extent over a multi day time allotment. The data are adjusted as expected and more information on charges can be found here.

https://preview.redd.it/exgucn9gwaj41.png?width=225&format=png&auto=webp&s=34fc66d46df40444abcc9ac61308106b2e3f57c0
charges
Concerning purchases, the base purchase whole for Bitcoin is 0.00001 BTC, or 1000 satoshis, for Ether, the base sum is 0 .001 ETH
Security-at-Gemini
Bitcoin Gemini Reviews, is a strong exchange that has a better than average reputation in everyone. The exchange goes about as a way into the universe of cryptographic cash trading. This may be in light of the fact that various customers first quit concerning purchasing Bitcoin and Ethereum. In comprehension to Coinbase, Gemini has a near space. Wherein it allows its customers to make trade clearly to and from their records.
Gemini is a not too bad choice, for people looking to securely trade either Bitcoin or Ethereum. The exchange is a potential decision for new competitors to the market similarly as logically settled sellers who like to make trades by methods for their monetary adjusts.
Latest News
Dec 17, 2019: Well realized cash related pro association State Street picked Gemini exchange for the new propelled asset pilot adventure.
Nov 19, 2019: Gemini exchange wanders into NFT's and acquired Nifty Gateway Solution, a phase to buy Non-Fungible Tokens.
Nov 14, 2019: The exchange added Stop-Limit to the solicitations being executed on the stage.
Sep 11, 2019: Gemini dispatches Gemini Custody with 18 cryptographic types of cash
Sep 5, 2019: Gemini Clearing™, a totally electronic clearing and settlement answer for off-exchange exhibited by the stage
Aud 27, 2019: Gemini Joins the Silvergate Exchange Network
Aug 22, 2019: Gemini loosens up and reaches to Australia
April 15, 2019: Gemini wallet support Segwit
Gemini Bitcoin Exchange Review
Rundown: How to Buy Bitcoins by means of Gemini
Register a record at Gemini and check email code sent to you.
Set up two-factor validation (2FA).
Give checked ID as a major aspect of the confirmation procedure.
Include ledger.
Store cash by clicking "Move Funds", "Store into Exchange" and afterward picking the sort of bank move.
Snap "Purchase" catch and round out the buy structure to get BTC.
Is Gemini Safe?
Gemini is extremely worried about its clients' wellbeing, in this manner it utilize three arrangements of security...
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Gemini Comparison with Other Exchanget
To exchange bitcoins you have to initially peruse and think about various BTC trades...
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In Which Countries Is Gemini Available?
You can arrange bitcoins through Gemini nearly in any nation, yet discover where you can't...
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Guide: Buying BTCs at Gemini
It is anything but difficult to purchase bitcoins on Gemini trade, knowing the essential standards and prerequisites...
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FAQ
Discover to what extent the exchange takes, how to pull back BTCs and what strategies for...
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Practically equivalent to Bitcoin Exchanges
We have arranged a rundown of trades, notwithstanding Gemini, that can assist you with requesting bitcoins...
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With developing worth and system, bitcoin is ready to turn into the main online resource in the realm of ventures.
Gemini bitcoin trade survey
This article is worried about one of the most well known trades with regards to BTC exchange, Gemini.
What Is Gemini?
Gemini is one of the realized digital money trades that offer an assortment of exchange apparatuses for speculators that have some involvement with the business. The organization that claims the stage is enrolled as LLC in New York State, USA, offering USD to BTC and USD to ETH exchange trade.
Purchase BTC at Gemini
Propelled in 2015, Gemini offers two unmistakable commercial centers, them being:
customary trade administrations;
bitcoin barters.
Upon its appearance, the stage offered its administrations in the US just, bit by bit including different nations all the while. The organization is possessed by the Winklevoss twins, who guarantee that they are have about 1% of the complete BTC volume.
Winklevoss siblings are Gemini's proprietors
Gemini Security
With regards to the wellbeing of your assets, Gemini applies three arrangements of safety efforts that should be referenced. To start with, the stage applies advanced money safety efforts by offering hot and cold stockpiling wallets, where cold wallets have multisig capacities to forestall hacking endeavors at your equalizations.
Gemini security
The subsequent measure is identified with the exchange where the entirety of the exchanges at Gemini are led through pre-financed accounts, implying that merchants and purchasers can't post orders on the off chance that they don't have adequate BTC or fiat monetary forms in their parities. Finally, the site security comprises of two-factor verification (2FA) and HTTP encryption of all data in regards to merchants and stage's exchanges from outsiders.
Accessible Payment Methods
As of now, Gemini acknowledges stores communicated distinctly in ACH (for US dealers) and wire moves (for every other person) communicated in USD. Credit or check cards, money stores, PayPal and numerous different alternatives are wanted to be remembered for the future however are not accessible at the present time.
Buy bitcoin by means of wire move
You ought to buy in to the Gemini news source since the organization will promote the new store strategy through that channel of correspondence.
Shouldn't something be said about Fees?
While saving or pulling back your assets communicated in fiat or computerized monetary forms, dealers would find that the administrations are done totally free. Then again, Gemini charges exchange expenses are charged dependent on a month to month net exchange volume. Taker charges can extend from 0.15% to 0.25% while creator expenses from 0% to 0.25%.
Expenses at the trade
Does Gemini Have Limits?
Cryptographic money and wire stores and withdrawals don't have any constraints forced on dealers, implying that in the event that you utilize the said administrations, you can buy, sell and pull back bitcoins with no deterrents. Singular American financial specialists utilizing ACH move, then again, have $500 every day and $15.000 month to month while institutional individuals have $10.000 day by day and $300.000 month to month store limits.
No restrictions for purchasing bitcoin
Gemini Comparison
When thinking about exchanging at any trade, you should hope to analyze the administrations, expenses and impediments with other comparative stages. In this manner, we have assembled an examination investigation where we benchmarked Gemini against two other well known decisions with regards to BTC buy: Kraken and Coinbase.
Gemini versus Kraken
Kraken, much the same as Gemini, acknowledges bank moves just, with the significant contrast being that Kraken permits 5 fiat cash stores. Notwithstanding bitcoin, there are 14 more altcoins that you can exchange with at Kraken while the two trades force check on their customers as they are both controlled organizations.
Gemini versus Kraken
Kraken is fundamentally the same as Gemini as far as expenses, as creatotaker charges go somewhere in the range of 0% and 0.26%. Bank moves do accompany little expenses at Kraken while Gemini acknowledges stores for nothing. In conclusion, while Gemini exchanges two or three nations in particular, Kraken is all around accessible.
Coinbase versus Gemini
Coinbase is viewed as one of the biggest bitcoin suppliers on the planet, offering its administrations in 32 nations, USA notwithstanding. The installment strategies at Coinbase are PayPal, bank moves and credit/check cards, two more than Gemini.
Request bitcoins by means of Coinbase trade
Confirmation is an absolute necessity have at Coinbase, much like in Gemini while expenses are a ton lower at Gemini, as you pay between 1.49% to 3.49% from exchange's an incentive at Coinbase. The two trades offer BTC vaults and wallet administrations while Coinbase additionally exchanges with Litecoin which are inaccessible at Gemini.
Gemini BTC Exchange in Different Countries
Gemini's administrations are accessible in a bunch of nations around the globe, them being the US (5 states not upheld), Canada, Japan, South Korea, Hong Kong, Singapore and the United Kingdom. The five US expresses that are not bolstered are Alaska, Arizona, Hawaii, Oregon and Wisconsin.
Gemini trade in various nations
Is It Legal?
Gemini is an American LLC that adheres to New York Banking Law guidelines, actualizing BSA (Bank Secrecy Act) and AML (Anti-Money Laundry Compliance Program) arrangements, implying that customary reviews of the BSA/AML programs are being executed. Moreover, the firm requires all merchants to have reserves pre-saved before the exchange.
Bitcoin Gemini Price, is legitimate
Another significant factor of the stage's lawfulness is the way that since its beginning, Gemini has promptly accessible money related report dating 7 years back.
Does Gemini Support Its Customers?
Concerning the client service, Gemini has a thorough FAQ page where a large portion of the exchanging questions have been replied. Notwithstanding the FAQ, you can likewise top off a shape and present a solicitation to the Gemini group with respect to any issue that you may look on the stage.
Gemini client service
Because of the regular upkeep of the site's administrations, Gemini has a "Status" page where financial specialists can see which administrations and API instruments are working right now and which are definitely not.
Manual for Buy Bitcoins from Gemini
When you have gotten the cash at your Gemini account, click "Purchase" button on the dashboard page.
Buy page for bitcoins at Gemini
Presently, round out the structure on the right, giving request type, volume or estimation of BTC you wish to get and click "Purchase" to get bitcoins in your record immediately. Try to check the BTC cost at the upper left piece of the "Purchase" page to ensure it has not changed at the time you have begun the buy procedure.
Enrollment
It is totally allowed to enroll a record at Gemini bitcoin trade and the procedure begins once you click "Register" button at the upper right corner of the site. Give your complete name, email address and secret key in subsequent stage and snap "Make My Account".
Make account at Gemini
You will get an email code which you should duplicate glue into the Gemini's check page.
Contribution of enactment code on Bitcoin Gemini Registration
The accompanying advances will open up for you to finish, in this way you have to arrangement your 2FA security apparatus, include a financial balance and give checked ID to finish the enrollment methodology.
To what extent Should I Wait for Verification?
Check stage can take between an hour and a day, contingent upon various enlistment applications Gemini has right now you have begun the procedure. You ought to set up every single essential report before you start and arm yourself with persistence as a stage would set aside effort to process your data.
Confirmation process at Gemini
Would you be able to Get Bitcoins Without Verification?
At the enlistment page, you are required to check your personality and frog your financial balance. When you have presented the records, you can't enter the stage's exchange page until the help affirms your subtleties. In this way, it is unimaginable to expect to buy supply of bitcoins without confirmation.
Obligatory confirmation before purchasing BTCs at Gemini
How to Add Money to Account?
When you have finished the enrollment and confirmation of your record, click button "Move Funds", situated in the top segment of your dashboard page. In following stage, click "Store Into Exchange" and pick either USD or Wire alternative, contingent upon what financial balance you have included at enrollment stage.
Add assets to Gemini account
You can likewise store bitcoins in your Gemini wallet too.
Store BTCs in the Gemini wallet
At the last phase of wire move subsidizing process, you have to give bank's wiring data, for example, your record number and other significant data that can be found by clicking "Bank Settings".
Give bank's wiring data
When data has been given, basically click "Store" button which will show up at the base of the page.
Secure Your Account
Keep the entirety of your record and wallet passwords out of the programmer's compass by continually evolving them. Monitor the new secret key by keeping in touch with them down on a bit of paper as to not overlook them meanwhile.
Record with 2FA on trade
You as of now have 2FA from the enlistment stage and don't give your private data to some other dealer on the stage.
FAQ
To what extent Does It Take to Make Transaction?
It takes 4 to 5 days to store assets in your Gemini account while exchanges themselves are done following you the exchange started. Diverse request types have distinctive length, contingent upon what dealer wishes to accomplish.
Sitting tight for exchanges on the trade
Would i be able to Buy Bitcoin with PayPal at Gemini?
Now, brokers can't utilize PayPal as store technique at Gemini. You ought to buy in to the trade's news channel as to get warnings if the strategy opens up to store alternative later on.
Does Gemini Have a BTC Wallet?
The stage offers two kinds of wallet administrations, one being "hot" wallet and another being vault stockpiling. Both are based just, with the principle contrast being that vault stockpiling gives extra security keys that are utilized while moving bitcoins all through the wallet. Along these lines, vault administrations are esteemed as more secure than the standard BTC wallet.
Gemini wallet
Pulling back Your Bitcoins from Gemini
At the dashboard page, click "Move Funds" and afterward "Pull back From Exchange" to begin the procedure. Pick bitcoins to continue towards the withdrawal structure. Determine the measure of BTC you with to escape the trade and give your wallet address. Snap "Survey Withdrawal" and check the data. When you are fulfilled, click "Affirm" to end the procedure. Your coins will show up inside 24 hours to your ideal area.
Pull back BTC from Gemini
Instructions to Order BTC with Credit/Debit Card at Gemini
As with PayPal, it is preposterous to expect to buy bitcoins with the assistance of credit or charge cards at Gemini, since the choice isn't accessible right now. Stay aware of trade's news and declarations as the CC/DC choice may open up later on.
Gemini Mobile App
Portable stages are yet to be created by Gemini, implying that exchange is accessible on perusing stage as it were. Watch out for the declaration, as the organization may make the push towards telephone exchange not so distant future.
Purchase BTC just on Gemini perusing stage
Gemini Analogs
Aside from Gemini, we at BitcoinBestBuy have checked on numerous different stages that can assist you with getting bitcoins effectively and securely. They all change regarding local accessibility, expenses, buy strategies and confirmation necessities, so make a point to check different articles also.
Get BTC at digital money stages
Coinbase Exchange Review
Being one of the biggest BTC exchanging stages the world, we made a survey of their charges, store choices and other important data with respect to the trade. We have likewise given bit by bit controls on the best way to buy and pull back assets and coins from Coinbase.
Coinbase survey
Full Review Coinbase Bitcoin Gemini Exchange
Find out About Kraken
Kraken is another trade that offers bitcoins through bank moves and its administrations are all inclusive accessible. We made a survey of Kraken's advantages and disadvantages, giving our customers a diagram of the trade as far as expenses the organization charges, check prerequisites and buy procedures of the stage.
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January 2020 Newsletter

January 2020 Newsletter
Our Token Presale officially launched on January 6th, but it has been open to the public since January 1st, and we are pleased to report that Phase One is already sold out. We are now just over midway through Phase Two (see chart A below).

https://preview.redd.it/srqxv82mrsc41.png?width=975&format=png&auto=webp&s=b30a98d8f405e285bdf2528190e0f6731f973b13
Note that while the Presale is open to the public, the ICO & IEO phases will be void where prohibited (USA, China, S Korea, etc). In addition, the Presale offers a substantial discount to the future set price of ICO/IEO offerings.
December activity
Over the December holidays, we were very active:
· Created customized coding for Token
· Launched the 1X2T (Token) blockchain, as an ERC-20 Ethereum platform token
· Created Telegram channels for Newsfeed and General Community
· Created a marketing team
· Active coordination with hosting partners and advertisers, in preparation of ICO
(see links at bottom, for more info)
ERC-20 Specs
For the tech geeks out there, here is a quick rundown on the ERC-20 alterations, and the pseudo PoS nature of the 1X2T token.
The Token acts much like a PoS (proof of stake) product, with a layered ROI%, depending on amount held in whitelisted wallets (see chart B below).
Our 1X2Dev has customized the general ERC-20 contract, to allow us specialized operations that are not normally available. He created 10 bots and 4 node helpers to handle customized functions:
· Single send, mass batch transactions. These allow payment of daily staking rewards to multiple addresses with a single gas (gwei) fee
· Variable ROI%, automated staking rewards, based on amount of Token held
· Automated separation of whitelisted Token addresses (eligible for staking rewards) and regular Token addresses (ineligible for staking rewards)
This last feature allows us to create added incentive for holding the Token, while removing unwanted inflation from Tokens held on exchanges and non-whitelisted wallets (see chart B below).
https://preview.redd.it/is5ltb6orsc41.png?width=413&format=png&auto=webp&s=3e6e97b719cf8bd013b3df350208e4aacae88c5b
For those seeking more information on this and more detail on whitelisting, consult our Medium article, that explains all in more detail:
https://medium.com/@1x2token/1x2t-token-launch-announcement-1349e6733101
For 1X2 Coin holders
Due to the overwhelming success of the added MNs, and in consideration that many people were not able to capitalize on the free tokens due to the holidays (out of town, buying gifts, etc), we have extended our 3:1 token rewards for all new Masternodes created in the month of January. Simply fill out the 2nd form that 1X2Mod has provided. In addition, for any high rollers that are adding 10 or more MNs, DM 1X2Dev personally, and he will put a VIP rush on those.
For those of you unfamiliar with the 1X2 coin and this offering, visit: https://discord.gg/tgYAdS and go to announcements channel for details.
Further Information
For more information on the Token sale, contact our team who can answer any specific questions here:
Telegram: https://t.me/Token_1x2_invite
Discord: https://discord.gg/3G68ZX
Twitter: u/1x2Token
Other useful info & links:
Etherscan Token ID: 0x933326d0E0A31C9ad9D6709E59282ddDEBe2E8E4
1X2 Website: https://1x2coin.net/
Masternodes.online: https://masternodes.online/currencies/1X2/
CoinMarketCap: https://coinmarketcap.com/currencies/1x2-coin/
CoinGecko: https://www.coingecko.com/en/coins/1x2-coin
1X2 Sportsbook: https://1x2coinsportsbook.com/line
1X2 Casino: https://games.1x2coin.net/
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Daily analysis of cryptocurrencies 20191002(Market index 39 — Fear state)

Daily analysis of cryptocurrencies 20191002(Market index 39 — Fear state)

https://preview.redd.it/tj7i5cek95q31.png?width=1440&format=png&auto=webp&s=1b0873b8203bebb9fda398400b020e38d05ef7ed

David Marcus: WSJ’s Report Is Untrue, First Wave Of Libra Association To Be Formalized As reported earlier, Visa (V.N), Mastercard Inc (MA.N) and other key financial partners may reconsider their involvement in Facebook Inc’s cryptocurrency, Libra. David Marcus, the Facebook blockchain lead who co-created Libra, took to Twitter to deliver his opinions as follows: He stated, the first wave of Libra Association members will be formalized in the weeks to come. Change of this magnitude is hard and requires courage. It will be a long journey, according to him. “For Libra to succeed, it needs committed members, and while I have no knowledge of specific organizations plans to not step up, commitment to the mission is more important than anything else,” he said. He continued, the part of WSJ’s article suggesting they weren’t on top of, or didn’t share detailed information about how to secure Libra and protect the network against illegal activity is categorically untrue. “The tone of some of this reporting suggests angst, etc… I can tell you that we’re very calmly, and confidently working through the legitimate concerns that Libra has raised by bringing conversations about the value of digital currencies to the forefront,”
Russian Ministry Of Finance Proposes 3 Legal Categories For Cryptocurrencies Russia’s Ministry of Finance is considering the possibility of regulating cryptocurrencies into three distinct legal categories. The move would allow the country to regulate the industry much easier. According to Deputy Finance Minister Alexei Moiseev, the proposed categories are: technical tokens, virtual assets, and digital financial assets.
India’s Airpay Partners With InstaReM To Develop International Payments Solutions While India’s entry into the crypto-landscape seems sluggish at best, Mumbai-based Airpay Payment Services has set out to create a merchant-centered international payments solution in collaboration with InstaReM. As per the official announcement, Mumbai-based Airpay Payment Services, India’s only omni-channel payments platform, has announced a partnership with InstaReM, one of the world’s fastest-growing digital cross-border payments companies, to launch “FX Payment,” an international payments solution for its merchants.”
Former Blackrock And Goldman Sachs Senior Executive Joins Blockchain As General Counsel Cryptocurrency wallet provider Blockchain.com has brought on a Blackrock and Goldman Sachs veteran, called Howard Surloff, as its general counsel to lead the company’s legal and compliance teams. According to Surloff’s LinkedIn, the Wall Street veteran has worked at Blackrock for 12 years, first serving as the deputy general counsel and then leading the investment management firm’s iShares and Index division as global chief operating officer.

Encrypted project calendar(October 02, 2019)

BNB/Binance Coin: The 2019 DELTA Summit will be held in Malta from October 2nd to 4th. The DELTA Summit is Malta’s official blockchain and digital innovation campaign. BTC/Bitcoin: The B.Tokyo 2019 conference will be held in Tokyo from October 2nd to 3rd. CAPP/Cappasity: The Cappasity (CAPP) London Science and Technology Festival will be held from October 2nd to 3rd, when the Cappasity project will be attended by the Science and Technology Festival.

Encrypted project calendar(October 03, 2019)

ETC/Ethereum Classic: The 2019 Ether Classic (ETC) Summit will be held in Vancouver on October 3–4 ANT/Aragon: Aragon (ANT) is the AGP for the new mandatory community review period, with a deadline of October 3.

Encrypted project calendar(October 04, 2019)

KNC/Kyber Network: Kyber Network (KNC) will update the maxGasPrice parameter in the Kyber Network contract from 100 gwei to 50 gwei within 2 weeks after October 4.

Encrypted project calendar(October 05, 2019)

Ontology (ONT): Ony Ji will attend the blockchain event in Japan on October 5th and explain the practical application based on the ontology network. BNB/Binance Coin: The Binance Coin (BNB) Oasis Game Hackathon will be held on October 5th in Bangalore, India, and will be hosted by Binance Labs, Matic Network, Cocos-BCX, Celer Network, Marlin Protocol.

Encrypted project calendar(October 06, 2019)

SPND/ Spendcoin: Spendcoin (SPND) will be online on October 6th

Encrypted project calendar(October 07, 2019)

GNO/Gnosis: Gnosis (GNO) will discuss the topic “Decentralized Trading Agreement Based on Ethereum” will be held in Osaka, Japan on October 7th. Kyber and Uniswap, Gnosis and Loopring will attend and give speeches.

Encrypted project calendar(October 08, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.

Encrypted project calendar(October 09, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.

Encrypted project calendar(October 10, 2019)

INB/Insight Chain: The Insight Chain (INB) INB public blockchain main network will be launched on October 10. VET/Vechain: VeChain (VET) will attend the BLOCKWALKS Blockchain Europe Conference on October 10. CAPP/Cappasity: Cappasity (CAPP) Cappasity will be present at the Osaka Global Innovation Forum in Osaka (October 10–11).

Encrypted project calendar(October 11, 2019)

OKB/OKB: OKB (OKB) OKEx series of talks will be held in Istanbul on October 11th to discuss “the rise of the Turkish blockchain.”

Encrypted project calendar(October 12, 2019)

BTC/Bitcoin: The 2019 Global Mining Leaders Summit will be held in Chengdu, China from October 12th to 14th.

Encrypted project calendar(October 14, 2019)

BCH/Bitcoin Cash: The ChainPoint 19 conference will be held in Armenia from October 14th to 15th.

Encrypted project calendar(October 15, 2019)

RUFF/RUFF Token: Ruff will end the three-month early bird program on October 15th KAT/Kambria: Kambria (KAT) exchanges ERC20 KAT for a 10% bonus on BEP2 KAT-7BB, and the token exchange reward will end on October 15. BTC/Bitcoin: The Blockchain Technology Investment Summit (CIS) will be held in Los Angeles from October 15th to 16th.

Encrypted project calendar(October 16, 2019)

BTC/Bitcoin: The 2019 Blockchain Life Summit will be held in Moscow, Russia from October 16th to 17th. MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on the theme of “Technology Problem Solving and Testing IoT Devices” at the University of Southern California in Los Angeles on October 16. ETH/Ethereum: Ethereum launches Istanbul (Istanbul) main network upgrade, this main network upgrade involves 6 code upgrades. QTUM/Qtum: Qtum (QTUM) Qtum main network hard fork is scheduled for October 16.

Encrypted project calendar(October 18, 2019)

BTC/Bitcoin: The SEC will give a pass on the VanEck/SolidX ETF on October 18th and make a final decision HB/HeartBout: HeartBout (HB) will officially release the Android version of the HeartBout app on October 18.

Encrypted project calendar(October 19, 2019)

PI/PCHAIN Network: The PCHAIN (PI) backbone (Phase 5, 82 nodes, 164, 023, 802 $ PI, 7 candidates) will begin on October 19. LINK/ChainLink: Diffusion 2019 will be held in Berlin, Germany from October 19th to 20th

Encrypted project calendar(October 21, 2019)

KNC/Kyber Network: The official online hackathon of the Kyber Network (KNC) project will end on October 21st, with more than $42,000 in prize money.

Yesterday, there was a nice upside correction in bitcoin above the $8,200 resistance against the US Dollar. The BTC/USD even settled above $8,200 and the 100 hourly simple moving average. Moreover, the price surpassed the $8,400 resistance level. However, the bulls struggled near the key $8,500 resistance area. As a result, the price topped near the $8,540 level and recently started a downward move.
It broke the $8,400 support area, plus the 23.6% Fib retracement level of the last leg from the $7,653 low to $8,539 high. Moreover, there was a break below an ascending channel with support near $8,275 on the hourly chart of the BTC/USD pair. The pair tested the $8,200 support area and the 100 hourly simple moving average. If there are more downsides, the price could test the $8,100 support area.
Besides, the 50% Fib retracement level of the last leg from the $7,653 low to $8,539 high is also near the $8,100 level. Any further losses may perhaps drag the price towards the $8,000 handle. The 61.8% Fib retracement level of the last leg from the $7,653 low to $8,539 high is also near $7,992. If the price settles below $8,000, there could be additional losses towards the $7,500 support.
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Daily analysis of cryptocurrencies 20191003(Market index 37 — Fear state)

Daily analysis of cryptocurrencies 20191003(Market index 37 — Fear state)

https://preview.redd.it/f78u3mav3cq31.png?width=405&format=png&auto=webp&s=ec016c63f4800422148c967cbd04fa738b6041ab

Asset Manager Stone Ridge Files SEC Prospectus For Bitcoin Futures Fund Another Bitcoin futures product is booting up, according to a Stone Ridge Asset Management filing with the U.S. Securities and Exchange Commission. The company filed a prospectus for a cash-settled Bitcoin futures fund — dubbed the NYDIG Bitcoin Strategy Fund — with the regulator on Wednesday, Oct 2. Based in New York City, Stone Ridge has some $15 billion in assets under management, serving clientele in both the United States and China. Founded in 2012, the firm offers portfolio management and advisory services.
Bithumb Looking To Build A Regulated Bitcoin Exchange In India Bithumb Global is looking to build a regulated Bitcoin exchange in India, the South Korea-based cryptocurrency exchange said. Bithumb Global will engage with Indian regulators to build the exchange, it said, even as the Supreme Court is hearing a case where Bitcoin operators have questioned a move by the Reserve Bank of India to restrict banking channels for virtual currency transactions. A government panel has also recommended a ban on cryptocurrency trade in the country. The company is looking to expand in India by partnering with local cryptocurrency exchanges, fund Indian cryptocurrency startups, and introduce new initiatives for Indian traders, said co-founder and managing director Javier Sim.
US State Of Ohio Suspends Service For Paying Taxes With Bitcoin Ohio Treasurer Robert Sprague announced the immediate suspension of the OhioCrypto.com website that allows businesses to pay taxes with Bitcoin (BTC). In an Oct. 2 press release, Sprague announced that according to an internal review, approval by the Board of Deposit was required before Ohio launched the website that allowed businesses to pay taxes with digital currencies. Furthermore, the State Board of Deposit has asked Attorney General Dave Yost to further research the legalities of how the crypto portal was set up and whether BitPay, the third-party processor that powered the service, constituted a “financial transaction device.”
Libra Association Publishes Roadmap; Expects 100 Partners To Run Libra Nodes The Libra Association has published its first roadmap detailing the milestones the Calibra team plans to meet prior to the mainnet launch of Libra network. For the first milestone, the Libra Association expects to bring on five partners deploying full nodes on the network. By the launch of the Libra mainnet at milestone four,, the Libra Association expects 100 partners to run Libra nodes. According to the Libra Association, “one method we use for tracking the project’s success is how many of the deployed nodes are managed by different partners.” The Libra Association notes that each Libra node will “run on a mixture of on-premises and cloud hosted infrastructure” adding that “wider diversity of infrastructure will provide more resiliency to the Libra network.”

Encrypted project calendar(October 03, 2019)

ETC/Ethereum Classic: The 2019 Ether Classic (ETC) Summit will be held in Vancouver on October 3–4 ANT/Aragon: Aragon (ANT) is the AGP for the new mandatory community review period, with a deadline of October 3.

Encrypted project calendar(October 04, 2019)

KNC/Kyber Network: Kyber Network (KNC) will update the maxGasPrice parameter in the Kyber Network contract from 100 gwei to 50 gwei within 2 weeks after October 4.

Encrypted project calendar(October 05, 2019)

Ontology (ONT): Ony Ji will attend the blockchain event in Japan on October 5th and explain the practical application based on the ontology network. BNB/Binance Coin: The Binance Coin (BNB) Oasis Game Hackathon will be held on October 5th in Bangalore, India, and will be hosted by Binance Labs, Matic Network, Cocos-BCX, Celer Network, Marlin Protocol.

Encrypted project calendar(October 06, 2019)

SPND/ Spendcoin: Spendcoin (SPND) will be online on October 6th

Encrypted project calendar(October 07, 2019)

GNO/Gnosis: Gnosis (GNO) will discuss the topic “Decentralized Trading Agreement Based on Ethereum” will be held in Osaka, Japan on October 7th. Kyber and Uniswap, Gnosis and Loopring will attend and give speeches.

Encrypted project calendar(October 08, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.

Encrypted project calendar(October 09, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.

Encrypted project calendar(October 10, 2019)

INB/Insight Chain: The Insight Chain (INB) INB public blockchain main network will be launched on October 10. VET/Vechain: VeChain (VET) will attend the BLOCKWALKS Blockchain Europe Conference on October 10. CAPP/Cappasity: Cappasity (CAPP) Cappasity will be present at the Osaka Global Innovation Forum in Osaka (October 10–11).

Encrypted project calendar(October 11, 2019)

OKB/OKB: OKB (OKB) OKEx series of talks will be held in Istanbul on October 11th to discuss “the rise of the Turkish blockchain.”

Encrypted project calendar(October 12, 2019)

BTC/Bitcoin: The 2019 Global Mining Leaders Summit will be held in Chengdu, China from October 12th to 14th.

Encrypted project calendar(October 14, 2019)

BCH/Bitcoin Cash: The ChainPoint 19 conference will be held in Armenia from October 14th to 15th.

Encrypted project calendar(October 15, 2019)

RUFF/RUFF Token: Ruff will end the three-month early bird program on October 15th KAT/Kambria: Kambria (KAT) exchanges ERC20 KAT for a 10% bonus on BEP2 KAT-7BB, and the token exchange reward will end on October 15. BTC/Bitcoin: The Blockchain Technology Investment Summit (CIS) will be held in Los Angeles from October 15th to 16th.

Encrypted project calendar(October 16, 2019)

BTC/Bitcoin: The 2019 Blockchain Life Summit will be held in Moscow, Russia from October 16th to 17th. MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on the theme of “Technology Problem Solving and Testing IoT Devices” at the University of Southern California in Los Angeles on October 16. ETH/Ethereum: Ethereum launches Istanbul (Istanbul) main network upgrade, this main network upgrade involves 6 code upgrades. QTUM/Qtum: Qtum (QTUM) Qtum main network hard fork is scheduled for October 16.

Encrypted project calendar(October 18, 2019)

BTC/Bitcoin: The SEC will give a pass on the VanEck/SolidX ETF on October 18th and make a final decision HB/HeartBout: HeartBout (HB) will officially release the Android version of the HeartBout app on October 18.

Encrypted project calendar(October 19, 2019)

PI/PCHAIN Network: The PCHAIN (PI) backbone (Phase 5, 82 nodes, 164, 023, 802 $ PI, 7 candidates) will begin on October 19. LINK/ChainLink: Diffusion 2019 will be held in Berlin, Germany from October 19th to 20th

Encrypted project calendar(October 21, 2019)

KNC/Kyber Network: The official online hackathon of the Kyber Network (KNC) project will end on October 21st, with more than $42,000 in prize money.

After bitcoin failed near the $8,500 resistance, there was a downside correction against the US Dollar. The BTC/USD traded below the $8,400 and $8,300 levels. Moreover, there was a break below the $8,200 level. However, the 100 hourly simple moving average acted as a support and a low was formed near $8,175. Recently, the price started a fresh increase and traded above the $8,300 level.
There was a break above the 50% Fib retracement level of the last decline from the $8,536 high to $8,175 low. The price climbed above the $8,350 level and tested the $8,400 resistance. It seems like the 61.8% Fib retracement level of the last decline from the $8,536 high to $8,175 low is currently acting as a resistance. If there is an upside break above $8,400, the price is likely to retest $8,500.
If the bulls manage to surpass the $8,500 barrier, there are chances of more upsides. The next stop for them could be near the $8,800 level. The next key resistance area is near the $9,000 level. On the downside, there is a decent support forming near the $8,250 and $8,200 levels. Moreover, there is a new connecting bullish trend line forming with support near $8,300 on the hourly chart of the BTC/USD pair.
Review previous articles: https://medium.com/@to.liuwen

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Daily analysis of cryptocurrencies 20191004(Market index 30 — Fear state)

Daily analysis of cryptocurrencies 20191004(Market index 30 — Fear state)

https://preview.redd.it/1a9tl97fjjq31.png?width=1187&format=png&auto=webp&s=764fe29b4b1aecdab2facadb18eb5838cce17a4d

Vitalik Buterin: Ethereum 2.0 Public Testnet Soon To Be Launched Ethereum founder Vitalik Buterin said in an interview that over the past few months, much progress has been made in the Ethereum ecosystem, such as zero-knowledge proofs. The development of Ethereum 2.0 has also made very rapid progress, and the Ethereum 2.0 public testnet will also be launched soon. Also, Vitalic Buterin revealed that seven client development teams of Ethereum 2.0 met in Toronto in early September, and they realized the interaction and interoperability among these seven clients. Currently, Casper FFG, the primary work relating to Ethereum 2.0, will soon be available.
‘Gold-Backed’ Crypto Token’s Promoter Investigated By Florida Regulators Florida regulators are investigating Karatbars, a German company that’s been promoting a token tied to a Miami “crypto bank” without any banking license in the state. Karatbars previously issued a cryptocurrency purportedly backed by gold, but CoinDesk has been unable to verify the existence of the mine the company says produced the gold. Before it entered the crypto space, Karatbars sold gold products online through an affiliate marketing system that regulators in three countries warned the public to avoid. CoinDesk interviewed three of Karatbars’ current “affiliates,” who said they passionately believe in the company and its tokens.
Nomura Completes Investment In LVC In Accordance With Blockchain-Focused Alliance Agreement LINE Corporation, LINE’s group company LVC Corporation, and Nomura Holdings Inc today (Oct 4) announce they have entered into a final agreement to form a financial business partnership that focuses on blockchain technology. The agreement follows the signing of a memorandum of understanding by the companies in January 2019. In accordance with the partnership terms, Nomura has completed its investment in LVC today. In this long-term partnership, the three stakeholders aim to collaborate in order to build a new financial service using blockchain technology.
Hong Kong SFC Released Regulatory Terms On Licensed Virtual Asset Management Firms The Securities and Futures Commission (SFC) of Hong Kong released the proforma set of terms and conditions on licensed virtual asset management companies on its official website. SFC indicated that the released terms and conditions will apply to fund managers of virtual assets, including those who plan to invest in virtual assets, or intend to cover 10% or more of the gross asset value of the portfolio to invest in virtual assets.

Encrypted project calendar(October 04, 2019)

KNC/Kyber Network: Kyber Network (KNC) will update the maxGasPrice parameter in the Kyber Network contract from 100 gwei to 50 gwei within 2 weeks after October 4.

Encrypted project calendar(October 05, 2019)

Ontology (ONT): Ony Ji will attend the blockchain event in Japan on October 5th and explain the practical application based on the ontology network. BNB/Binance Coin: The Binance Coin (BNB) Oasis Game Hackathon will be held on October 5th in Bangalore, India, and will be hosted by Binance Labs, Matic Network, Cocos-BCX, Celer Network, Marlin Protocol.

Encrypted project calendar(October 06, 2019)

SPND/ Spendcoin: Spendcoin (SPND) will be online on October 6th

Encrypted project calendar(October 07, 2019)

GNO/Gnosis: Gnosis (GNO) will discuss the topic “Decentralized Trading Agreement Based on Ethereum” will be held in Osaka, Japan on October 7th. Kyber and Uniswap, Gnosis and Loopring will attend and give speeches.

Encrypted project calendar(October 08, 2019)

BTC/Bitcoin: The 2nd Global Digital Mining Summit will be held in Frankfurt, Germany from October 8th to 10th.

Encrypted project calendar(October 09, 2019)

CENNZ/Centrality: Centrality (CENNZ) will meet in InsurTechNZ Connect — Insurance and Blockchain on October 9th in Auckland.

Encrypted project calendar(October 10, 2019)

INB/Insight Chain: The Insight Chain (INB) INB public blockchain main network will be launched on October 10. VET/Vechain: VeChain (VET) will attend the BLOCKWALKS Blockchain Europe Conference on October 10. CAPP/Cappasity: Cappasity (CAPP) Cappasity will be present at the Osaka Global Innovation Forum in Osaka (October 10–11).

Encrypted project calendar(October 11, 2019)

OKB/OKB: OKB (OKB) OKEx series of talks will be held in Istanbul on October 11th to discuss “the rise of the Turkish blockchain.”

Encrypted project calendar(October 12, 2019)

BTC/Bitcoin: The 2019 Global Mining Leaders Summit will be held in Chengdu, China from October 12th to 14th.

Encrypted project calendar(October 14, 2019)

BCH/Bitcoin Cash: The ChainPoint 19 conference will be held in Armenia from October 14th to 15th.

Encrypted project calendar(October 15, 2019)

RUFF/RUFF Token: Ruff will end the three-month early bird program on October 15th KAT/Kambria: Kambria (KAT) exchanges ERC20 KAT for a 10% bonus on BEP2 KAT-7BB, and the token exchange reward will end on October 15. BTC/Bitcoin: The Blockchain Technology Investment Summit (CIS) will be held in Los Angeles from October 15th to 16th.

Encrypted project calendar(October 16, 2019)

BTC/Bitcoin: The 2019 Blockchain Life Summit will be held in Moscow, Russia from October 16th to 17th. MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on the theme of “Technology Problem Solving and Testing IoT Devices” at the University of Southern California in Los Angeles on October 16. ETH/Ethereum: Ethereum launches Istanbul (Istanbul) main network upgrade, this main network upgrade involves 6 code upgrades. QTUM/Qtum: Qtum (QTUM) Qtum main network hard fork is scheduled for October 16.

Encrypted project calendar(October 18, 2019)

BTC/Bitcoin: The SEC will give a pass on the VanEck/SolidX ETF on October 18th and make a final decision HB/HeartBout: HeartBout (HB) will officially release the Android version of the HeartBout app on October 18.

Encrypted project calendar(October 19, 2019)

PI/PCHAIN Network: The PCHAIN (PI) backbone (Phase 5, 82 nodes, 164, 023, 802 $ PI, 7 candidates) will begin on October 19. LINK/ChainLink: Diffusion 2019 will be held in Berlin, Germany from October 19th to 20th

Encrypted project calendar(October 21, 2019)

KNC/Kyber Network: The official online hackathon of the Kyber Network (KNC) project will end on October 21st, with more than $42,000 in prize money.

Encrypted project calendar(October 22, 2019)

ZRX/0x: The 0x protocol (ZRX) Pantera blockchain summit will be held on October 22.

Encrypted project calendar(October 23, 2019)

MIOTA/IOTA: IOTA (MIOTA) IOTA will host a community event on October 23rd at the University of Southern California in Los Angeles with the theme “Connecting the I3 Market and Experiencing Purchase and Sales Data.” BTC/Bitcoin: The WBS World Blockchain Summit (Middle East) will be held in Dubai from October 23rd to 24th.

Encrypted project calendar(October 24, 2019)

BCN/Bytecoin: Bytecoin (BCN) released the hidden amount of the Bytecoin block network on October 24.

Encrypted project calendar(October 25, 2019)

ADA/Cardano: Cardano (ADA) The Ada community will host a community gathering in the Dominican Republic for the first time on October 25.

In the past two sessions, there were bearish moves in bitcoin below $8,300 against the US Dollar. The BTC/USD pair followed a bearish path and broke the $8,200 support area. Moreover, there was a close below the $8,200 level and the 100 hourly simple moving average. The last swing high was formed near $8,300 before the price broke $8,200 support.
Additionally, there was a break below the 50% Fib retracement level of the upward move from the $7,659 low to $8,539 high. The recent decline was such that the price tested the $8,000 support area. More importantly, the price tested the 61.8% Fib retracement level of the upward move from the $7,659 low to $8,539 high. At the moment, the price is struggling to hold the $8,000 support area.
It seems like there is a key declining channel forming with resistance near the $8,260 level on the hourly chart of the BTC/USD pair. Thus, if there is a downside break below the $8,000 support, the price could accelerate its decline towards the $7,800 support area. Besides, an intermediate support is near $7,850 or the 76.4% Fib retracement level of the upward move from the $7,659 low to $8,539 high.
Review previous articles: https://medium.com/@to.liuwen

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submitted by liuidaxmn to u/liuidaxmn [link] [comments]

ethtrader Glossary of Terms

I recently introduced a friend to our humble, little subreddit and they quickly pointed out that the language spoken here did not appear to be English. I suppose we do toss around a fair amount of acronyms, memes, and slang. I put together a quick glossary of terms for them and figured I should post it here in case any other new ethtraders can benefit from it:

Trading Related:

Crypto-currency related, but not really specific to Ethereum:

Terms more specific to Ethereum

Memes:

Any mistakes I made? Any terms you would add?
submitted by Basoosh to ethtrader [link] [comments]

Notes from Ethereum Core Devs Meeting #31 [1/12/18]

The next core dev meeting will be this Friday, January 26, 2018. The agenda and live stream link are located here.

Ethereum Core Devs Meeting 31 Notes

Meeting Date/Time: Friday 01/12/18 at 14:00 UTC

Meeting Duration: 1.5 hours

GitHub Agenda Page

Audio/Video of the meeting

Reddit thread

Agenda

  1. Testing Updates.
  2. Yellow paper update.
  3. EWASM update + update on the following related EIPs. a. EVM 2.0 - https://github.com/ethereum/EIPs/issues/48 b. Extend DUP1-16 / SWAP1-16 With DUPN / SWAPN - https://github.com/ethereum/EIPs/issues/174 c. Subroutines and Static Jumps for the EVM - https://github.com/ethereum/EIPs/issues/615
  4. Stateless client development.
  5. Add ECADD and ECMUL precompiles for secp256k1 - https://github.com/ethereum/EIPs/issues/603 [See this blog post for context].
  6. Introduce miner heuristic "Child pays for parent" (like in BTC) to combat the weird cases when transactions with 1000 Gwei stuck in the mempool (because they are dependent via nonce on transaction paying much less and not getting mined).
  7. Creating a relay network of nodes to mitigate issues described here and other transaction propagation issues.
  8. Fork release management/Constantinople.
  9. Client updates.
  10. Other non-agenda issues.

Notes

Video starts at [4:36].

[4:56] 1. Testing Updates

No updates.

[5:27] 2. Yellow paper update.

Gavin put the Yellow Paper under the Creative Commons Free Culture License CC-BY-SA. Yoichi and Nick Savers have been making progress handling the Yellow Paper PRs. There is still the somewhat unresolved issue of what should define the "formal standard" of Ethereum and should an update to the Yellow Paper or another specification be required for every new EIP. This can be discussed in more detail in future meetings when there is greater attendance.

[7:43] 3. EWASM update + update on the following related EIPs.

[7:55] General update

Ewasm contributors are currently meeting in person together in Lisbon. EWASM EIPs listed in the subpoints are not up to date and can be disregarded. People should use the github.com/EWASM/design repo. The design has been pretty much speced out in the last year. During the design phase there were 2 implementations done in parallel: Javascript and C++ (which can be integrated in cpp-ethereum and geth). Issues have been faced in building out EWASM including struggling with implementing synchronous code in Javascript/browser. Idea was to move to an asynchronous model. Currently there is not a full decision on using synchronous vs asynchronous, but we are leaning towards synchronous implementation in C++ to run a testnet in cpp-ethereum that can run pure Web Assembly contracts. Metering contract in Web Assembly is on the to-do list and doesn't rely on sync/async decision. Likely will take week to come to a decision on sync vs async. More technical discussion and a funny anecdote involving the asynchronous vs synchronous decision and the affects of the recent Spectre/Meltdown attacks start at [12:07].

[15:08] a. EVM 2.0 - https://github.com/ethereum/EIPs/issues/48

Martin Becze will be closing this EIP. It is outdated.

[15:28] b. Extend DUP1-16 / SWAP1-16 With DUPN / SWAPN - https://github.com/ethereum/EIPs/issues/174

This doesn't have to do with EWASM, it has to do with adding extra opcodes in the current EVM. It is an upgrade to EVM 1.0 which is not needed if we skip straight to EWASM.

[16:47] c. Subroutines and Static Jumps for the EVM - https://github.com/ethereum/EIPs/issues/615

Greg has been working with Seed (Gitter tag) who is writing an ELM formalization of the EIP. Greg says that there is no formal social process for deciding things like EVM 1.5 implementation so he is not sure if/when it would be implemented. Greg has been working on cleaning up the proposal for those who want to use it. Greg has some ideas around an EVM 3.0 that pulls everything together with transpilation that he hasn't started working on yet and is not sure if he will.

[20:14] 4. Stateless client development.

Piper left some comments about some development of a stateless client for sharding, but it is very early. Alexey had a blog post describing stateless clients he may re-approach later.

[21:46] 5. Add ECADD and ECMUL pre-compiles for secp256k1 - https://github.com/ethereum/EIPs/issues/603 [See this blog post for context].

This topic was brought up months ago with mixed commentary. Christian R. says that ECADD and ECMUL were never intended to be used for general purpose cryptography, but rather it was suppose to be used in conjunction with the pairing pre-compiles for a specific curve that is pairing friendly. Christian says that in the past it has been discussed that there must be a very compelling reason for adding a pre-compile to Ethereum. Silur mentioned that the Monero research team is working on a new ring signature (still unnamed) that can be viewed in the Monero repository. The EWASM team may run some tests to compare native running of the pre-compiles vs EWASM. Adding a new pre-compile would only give a constant speed-up or reduction in cost, but if we achieve the same thing in new virtual machine it will give us a constant speed-up for every conceivable routine and allows for building other schemes like Casper and TrueBit. This is easier with Web Assembly because we can use existing C code. For the moment it looks like focusing energy on adding these proposed pre-compiles would not be worth it compared to just waiting for the next VM (likely EWASM) which will allow far more speed-ups across all computational routines.

[37:00] 6. Introduce miner heuristic "Child pays for parent" (like in BTC) to combat the weird cases when transactions with 1000 Gwei stuck in the mempool (because they are dependent via nonce on transaction paying much less and not getting mined).

[Note: I tried my best to cover what was discussed here, but I am not an expert in Ethereum transactions. If you find a mistake please point it out to me. Thanks!] Agenda item brought up to get people's opinion on this topic. Currently in Ethereum there are transactions that are stuck in the mempool for a long time because of the way transaction ordering per account is handled. The nonce of a transaction must be greater than the previous mined transactions (or equal if you are trying to replace a transaction). For example you can't process transaction #27 before transaction #26 has been mined. Many of the stuck transactions are dependent on other transactions that pay a much smaller fee, but are not being mined. It seems people inadvertently send an initial transaction with too small of a fee and then more transactions at a higher nonce with a much higher fee that cannot be processed until the first small fee transaction is processed. Alexey wondered if this may pose an attack vector or if we would get a benefit from implementing "child pays for parent" like Bitcoin does. Peter explained even if you define the max amount of gas your transaction could potentially consume, there is no guarantee it will use that much and we won't know until the transaction is processed (the only guarantee is that 21,000 gas will be consumed - a plain ether transfer). The attack vector example would be someone pushing a transaction that truly consumes 3,000,000 gas and attach a transaction fee of 1 wei and then push another TX that claims to consume 3,000,000 gas but with a transaction fee of 1000gwei. From the outside it looks like I can both can be executed for profit from the miner's perspective, but in reality the 2nd transaction will be processed first and the 1st tx will be long running and indirectly punish the miner. Alexey was concerned about the mempool filling up and impact on clients due to the way nonces are handled. Peter clarified that transactions in the mempool in the go ethereum client only maintains the top 4,000 most expensive transactions. If your cheap transaction gets evicted, the expensive transactions you stacked on top of it get evicted as well because they are no longer executable due to the nonce.

[42:21] 7. Creating a relay network of nodes to mitigate issues described here and other transaction propagation issues.

A relay network in general is a group of peers and/or miners who use a peer list to quickly connect to a group of known peers before connecting to (or instead of connecting to) random peers using network discovery. Alexey conjectured that this may create a powerful ring of network players who can share transactions very quickly and hurt the little guys on the outside (hurting the idea of this being a mesh network of peers). Clarifications were made about the issues involving transaction propagation issues with nodes with high transaction throughput such as Infura and Bittrex. Clients suddenly stop pushing transactions or cannot keep up with the blockchain when they are pushing out so many transactions. Hudson will work towards exploring this issue more and connecting the people with the issues with the devs.

[49:45] 8. Fork release management/Constantinople.

Hudson will be working on writing up a starting plan to discuss potential release management issues. BitsBeTripping sent Hudson some good material about project management that he will review and bring to the next meeting. We need to start discussing Constantinople sooner rather than later.

[52:55] 9. Client updates.

10. Other non-agenda items

[1:05:42] Question: Will we see any scaling improvements from Constantinople?

Answer is no because it potentially includes the first steps of the Casper consensus protocol and some account abstraction EIPs, but both of those do not alleviate scaling issues. Sharding would alleviate some of the issues. We are currently mostly bound by database and processing speed due to the database. Short term there are a lot of client improvements that can be accomplished to improve disk I/O, but long term things like sharding will be necessary. The Eth Research site has a lot of interesting threads about sharding including merkle tree formats to be used and ideas around asynchronous accumulators

[1:09:57] Decision process for EIPs?

Needs to be improved. Hudson and others will work on updating EIP #1 and other improvements in Q1. Nick Savers has been added as an EIP editor. Yoichi has been added as an editor. Both are doing a great job.

Attendance

Alex Beregszaszi (EWASM/Solidity/ethereumJS), Alex Van de Sande (Mist/Ethereum Wallet), Alexey Akhunov (Turbo Geth), Ben Edgington (Consensys/Pegasys), Casey Detrio (Volunteer), Christian Reitwiessner (cpp-ethereum/Solidity), Daniel Ellison (Consensys/LLL), Greg Colvin (EVM), Hudson Jameson (Ethereum Foundation), Hugo de la Cruz (ethereumJS/EWASM), Jake Lang (EWASM), Jared Wasinger (ethereumJS/EWASM), Martin Becze (EWASM), Mikhail Kalinin (Harmony), Paweł Bylica (cpp-ethereum/EWASM), Péter Szilágyi (geth), Silur (ethereumJS / EWASM)
submitted by Souptacular to ethereum [link] [comments]

🌟In-depth Summary of OneLedger🌟

🌟In-depth Summary of OneLedger🌟
https://i.redd.it/uc7qw04jk4t11.png
Overview:
OneLedger is a blockchain protocol that acts as a gateway between enterprise systems and all of the other public/private chains. It natively supports cross-chain transactions and has business modules that can drive sophisticated processing like atomic swaps between other chains. OneLedger is a truly universal protocol that provides a one-stop solution for enterprise blockchain applications in the form of modules. The smart contract built on OneLedger Protocol is a true cross-chain smart contract.
👨‍👩‍👦‍👦 The primary use case of OneLedger is to allow centralized enterprises to extend their markets via decentralized technologies. A primary pain-point that they face is the setup and integration of different chains like Bitcoin, Ethereum and other great public/private chains in the future. Instead of having to install lots of different chains to access their capabilities, enterprises only need to install the OneLedger gateway. OneLedger will manage their identities and accounts, and provide easy connectivity to their existing systems. As well, they can pick trusted business modules from the marketplace and use them to simplify their interactions
🌿As the name OneLedger literally implies, the project is not a single blockchain, but rather an ecosystem of interconnected blockchains. It is possible to deploy a customizable private/public sidechains with their own consensus algorithms, which will communicate with each other being interoperable with the main chain.
🏁 Since OLT design takes care of different configurable algorithm, the tps is described as elastic because realistically, it is a range starting from around Tendermint’s performance on the low end, going up to maybe just a pure P2P fault tolerance on the high end.
🎲Consensus:
Currently, the MVP is PoS. The testnet, which is scheduled to launch this quarter will be dPoS + PBFT. The mainnet will also be DPoS + PBFT but instead of having masternodes, OLT has introduced a similar concept called validators but their selection is dynamic so as to maximize their number across all the chains for better participation, security, stability etc.
🗽 OneLedger consensus in the early phase allows everyone to run a node. Later on, staking amounts of tokens will be required to assume quality and commitment.
🔐Token:
OLT is a utility token which is used to perform transactions on the OneLedger platform. The token is currently an ERC-20 token but will be migrated over to the OneLedger protocol when mainnet launches in 2019. Some of the use cases of OLT include:
- Users use OLT for ayment of network fee to use any service on the platform.
- Network supporters (nodes) receive OLT as network fee.
- Developers need OLT to deploy their application on the OneLedger platform.
👨‍💼Partners and Investors:
Partners and investors from pre-sale: Polymath, FBG One, GWEI Capital, QUBE, MW Partners etc.
Partners and investors since ico: Quarkchain, Edenchain, Pchain, Fintelics, Jura, Cognida etc.
🧢Team:
The team comprises of brilliant minds with valuable years of experience in blockcchain technology, software engineering and business development. These set of highly intellectuals have experience working in various tech companies, business enterprises, and software companies around the world.
👨🏻‍💻Currently, we have six full-time developers and we’re in the process of hiring several more for our different development teams.
OLT Incentive Lock-up Program:
You can earn up 35% of your OLT holdings in the ongoing lock-up incentive program. More Details: https://bit.ly/2On1Htq
For more information about the OneLedger project, please visit the following useful links:
Website: https://oneledger.io/
Whitepaper: https://oneledger.io/whitepapeoneledger-whitepaper.en.pdf
Medium: https://medium.com/@OneLedger
Telegram: https://t.me/oneledger
Twitter: https://twitter.com/OneLedgerTech
submitted by Folorunsho15 to OneLedger [link] [comments]

The HODL Community - Launch on November 11th

Greetings everyone,

we are pleased to announce our new Ethereum ecosystem:

It's called "The HODL Community"; Ticker "THC".

The launch is scheduled for the 11th of November at 3 pm CST.
You can see a timer here: http://datecountdown.com/?timer=1&d=11%2f11%2f2018+11%3a00+PM&t=THC+Release
UNIX Timestamp: 1541966400

On launch our ecosystem will consist of an exchange, a lending contract and a cardgame called "Rise of Nations".

Firstly some information beforehand:

Initially our team started working on a unique project/game intended to feed into other platforms.
Since the recent failure of the DailyDivs platform and all clones that came before it, we decided it would be best to
launch our own ecosystem. This way we can ensure that our future project has a solid platform for it to grow.
We won't do any paid promotion and noone will be accepted as ambassador except for the dev team and our lending contract.
We strive for full transparency, our exchange contract will be verified and published 3 days in advance to its launch.
Our community will have the option to vote, whether our Lending and Rise of Nations contracts should be made public or not.
There are some advantages/disadvantages to either option, so we let the community decide on this matter.


Information regarding the exchange:


How the 3% fee is divided by our smart contract and used:

Additional Features:


Some additional Info regarding the Exchange:



Information regarding Lending:

THC Lending



How is the 1.337% paid?



Information for the Rise of Nations cardgame:



So if you are interested in our project or missed the boat on P3D and feel the FOMO, come join us in our growing discord:

https://discord.gg/76km9un

Sincerely,
your THC Team
submitted by THC_Team to ethtrader [link] [comments]

AAA Blockchain MMORPG

Hello everybody!
As with all new technology, mass adoption and increased network effect are two things that are always mentioned as keys to ethereum's success.
To that end, a successful and popular computer game based on blockchain might be one of the key DApps' to bring ethereum's potential closer to mass adoption.
We are working on a large MMORPG game that is built on blockchain. Here is the extremely rough draft of the game design document that we are working on currently (you can also find it at Amelath):
Executive Summary
Amelath Prime is a next generation survival MMORPG that takes place on a mysterious new planet.
Players are dropped on this mysterious new planet as part of the first colonizing seed ship from Earth. On this new planet, players will have to forge their own destinies and create a society in a universe that will bend to their will.
The game will feature an almost exclusively player driven economy built on the back of a robust auction house and trading system.
Players will have to decide what they want to do in their new lives. Will you go out and hunt the mysterious but valuable fauna that are plenty in the harsh jungles of this planet? Will you go and mine the valuable ore to sell to refiners? Or perhaps you would like to build your own mining and ore refining conglomerate? The choices will be endless and they will all be yours.
It will be the first MMORPG to incorporate blockchain technology into its DNA from inception.
We will hold an Initial Coin Offering (ICO) for our in game currency called United Earth Credit, or UEC.
If you participate in our ICO, then as one of the founding colonizers from Earth, you will be given the opportunity to purchase unique parcels of land on the new world: parcels of land that will have their own unique blockchain addresses and which will be immutably yours for as long as the ethereum blockchain exists. The parcels of land will be available as detailed out in our whitepaper surrounding the initial landing zone of the mother ship. The ship itself, after landing will convert into a permanent structure to house the new fledgling world’s government and other institution’s main offices.
We will make it so that you as the player will be given tools to do almost anything with your land. You can turn into a big hotel, or build a market, or build a mine if the prospect reveals that it has great ore deposits, or even turn it into a farm land where no doubt the plants you grow will be met with plenty of hungry mouths on the market!
In addition to the unique blockchain defined land, players will be able to obtain other unique in game items that will be stored on the blockchain. These could include, but are not limited to, things such as a powerful sniper rifle, or a souped up ATV, or a helicopter, or a master crafted aethereum long sword, or perhaps even a hardy work horse with its own unique traits which you can mate with other horses to create their offspring’s. ALL of these will have their unique blockchain identifiers and will be immutable and unchangeable, until you as the player and owner of those properties decide whatever you want to do with them. Use your unique gun to hunt a giant seetha, or use your horse to plow your fields! Or sell them all on the market place and go have a drink at the bar! All these truly endless choices will all be yours
Game design and mechanics
Overview of features:
Blockchain based properties for players in game, including but not limited to: land, buildings, vehicles, breedable animals and unique equipment and weapons
Perpetual and ever expanding and changing game universe that doesn’t “reset” or start fresh.
Almost entirely player driven economy. Players can start as humble miners with nothing but a single pick to their names and grow rich to become the owner of a large mining corporation!
Minecraft level creative power for players to create their dream structures, on their own lands
Unlimited creation potential of items by player who choose to pick up a crafting profession
In-game currency can be exchanged for USD or ether. It can be used for game-time as well. Exchange rate of game currency to USD and/or ether will be market driven
Central bank that carefully monitors the inflation and supply of the in-game currency in order to make the players’ hard earned money in game feel that much more valuable. There won’t be any magically created money from NPCs.
Survival game: players will be required to consume adequate amounts of food and water to continue playing. All in game animals will also follow this principle while man made vehicles will require fuel to operate.
Players can invest their in-game currency: they can buy shares of the large earth based corporate conglomerates, which might pay out good dividends if the economic activities of the new colony result in higher profit for those corporations. Concurrently, players could buy shares of small new companies that are formed on the new planet.
Player created and controlled corporations: players must meet adequate initial funding levels and follow the in-game mechanism to incorporate their new company. Perhaps someone will create a giant corporation that will eventually own the entire colony?
Massive open world where players are free to roam and explore, as long as they are adequately supplied with food and water they are free to walk to the edges of the continent if they want to.
Severe penalty for death: upon dying, a player will be cloned in the science facility operated by the new planet’s government, which is going to be near the heart of the initial city. There is no magical teleportation or fast travel. Players can speed up their travel by using mounts or vehicles. After death, their bodies will become an interactable object within the game universe. Other players and NPCs will be able to loot their corpse. If the player himself runs back and gets to his corpse first then he can requip all his items again.
Game will have a permanent PVP enabled, however, within the confines of the “green” zone, the secure area that is maintained and patrolled by the marines that came with the colonists, PVP is not allowed. Players can still attack another player within these zones but they will be met with swift and overwhelmingly powerful NPC force that will result either in death or subjugation of the instigator. That captured player will have to pay a huge fine or serve jail time in game, or they could run away and try to live off the land as bandits or guerillas!
Players will take part in addicting fun mini games when they choose to pursue any of the professions such as farmer, rancher, gunsmith or brewer etc.
Brutal 1v1, 3v3, and 5v5 PVP gladiatorial arenas that players can take part in only in First-person perspective. You better bring your best guns and armor and if you think you are going to win, then you are welcome to bet on yourself! If you are good other players or NPCs might even bet on you and you can win a cut of the betting pool!
Mature rated game: a player could decide to open a strip bar for everybody’s enjoyment, they are welcome to do that! There will be nudity, extreme violence, and ability to gamble (this last part needs to be researched further)
Lore:
The year 2389 AD. Humanity discovers the planet Amelath, the first terra compatible planet that can sustain humans without any terraforming. This discovery is only eclipsed by the greatest achievement of humankind, faster than light travel within the next decade. For the first time in its brief history of existence, this nascent species discovers the ability to travel to star systems that were not possible in a single human’s lifespan. However, the method by which the faster than light travel is possible is not easy or cheap. The energy required to open up a sustained warp gate to send substantial enough objects such as a spaceship, meant that the species needed to create a device to harvest the energy of the sun, an incomplete Dyson sphere. It requires the concerted effort of all of humanity and its two governing bodies, the United Earth Government, and the behemoth corporate conglomerates, to finance and build the Dyson sphere and the subsequent first warp gate terminal. As the first interstellar colonization effort, the government and its sponsoring corporations decide to send a single massive seed ship to colonize the planet Amelath.
Initial surveying drones report that the planet is rich in oxygen and water. The planet also sustains dense vegetation and native fauna, all of which can be exploited by a human colony.
Major design features:
Game universe:
Perpetual and ever-expanding universe. The game will start off with a massive single planet. Players will be free to explore the open world. How far they can explore will be depend on their supplies: food, water, clothing, and fuel (for vehicles). Societal progresses such as the construction of the spaceship factory, a factory that produces ships capable of leaving the planet and into space. This milestone for the new colony, for example, will allow the colonists to venture out to start colonizing the nearby planets and moons of Amelath.
Player consensus:
Players must reach consensus regarding major game progress, i.e. colonization of the moon, or opening up different regions of the planet for permanent settlement. Players will be given the opportunity to “vote” as citizen colonists of the planet, based on the decision the next phases/expansions to the game could be designed based on player consensus
Game economy:
Living and breathing exclusively player driven economy that is fueled by the UEC, the in-game currency. The in-game currency levels and economic activity will be monitored closely. The central bank of the game will have a full-time director, ideally with PHD in Economics who will help control the supply and flow of in game money and other monetary policies to control inflation and economic growth of the game
Game currency:
Unlike traditional MMO’s, our game will have a strictly controlled supply of the in-game currency. The reason for this is that our in-game currency will have real world currency value as players can cash out their in-game currency for USD or ether or buy their monthly subscription. The supply and flow of the currency will have heavily monitored and the introduction of new supply of in-game currency will be controlled by the game’s central bank. The exact mechanism through which new money inside the game will be introduced is up for discussion. There will have to be a sophisticated in-game banking system, overseen by the Central Banker, that allows players to borrow or lend their funds. Since almost all the items in the game will have their own unique blockchain addresses we will have to create this banking system using smart contracts either running directly on the ethereum chain or off chain. Investors will have the incentive to participate in our ICO because the in-game currency can be exchanged for ether or USD. The price of the in-game currency will be determined by the market, we as the game developer will not determined
Construction and building:
Limitless building creation potential. If someone wants to build a huge mansion on their property by themselves, they can do that. Or if they want to build a bar and hire other players or NPCs to work for him. Or they can build a farm or a ranch, or a mine. They can even build stores and winery or mead.
Vehicles and mounts:
Players can ride, drive, fly, and mount a variety of different transportations. Horses and oxen will arrive with the settlers that can be used as mounts. They can also be used for transporting large amounts of items. Players will have access to vehicles for transportation purposes in addition to live animals. The vehicles can be manufactured by players from scratch or bought directly from other players. They can also be bought in through an auction in extremely rare circumstances such as during our ICO.
Pets and ranch animals:
Animals can breed to produce new generations that has potential to possess unique traits entirely different than their parents or carry the traits of their parents. For example, if someone has a very strong work horse that has the trait “stout” then if that horse is bred with another horse that doesn’t have the trait, the offspring will have 50% chance of receiving that trait. Animals can become rare and prized possessions. They will also age over time and will die eventually within a given amount of in-game time. The kinds of animals players can have as pets or for their ranches are including but not limited to, horses, oxen/cows, sheep, goats, cats, dogs, hawks, eagles, guinea pigs, hamsters, and a select few reptiles.
Professions:
Players can choose to have as many professions as they would like. There is no set limits. However, it takes time and dedication to get good at a profession. Professions will be comprised of mini-games. If someone wants to be a “farmer”, for example, they will have to play a skill based mini game that is unique just for the farming profession. The more skilled (not in game skills that increase over time, but the player’s own abilities such as ability to think fast and to time moves etc.) a player is, and the more time he or she spends with a profession the greater the chance they can produce higher quality products. A skilled and high level farmer, at the master level, could produce the tastiest and most nutritious vegetables and fruits that offer greater hunger reduction and stat boosts. The highly skilled farmer also will be able to spot and treat the diseases and fungus infections much better than an beginner. Best items can only be crafted by players. Master gunsmiths, and armor makers will be the ones to produce endgame most sought after items.
Skill based minigames and unique “collectibles”:
Players can take part in 3 skill based mini-games, other than the professions. 2 of these games require a type of collectible pet, either organic or inorganic, to duel other players in tourney settings for ranks or with whatever bets the players themselves want to bet. They can bet any item from their inventory, for game currency, or even their pets themselves. Inorganic pets are little robotic drones that the player can create from separate parts or purchase readily made ones from other players or manufacturers. The new parts and drones will arrive in limited quantities from one way supply cargo pods that arrive from earth and will be available for players to purchase. These items will be on a first come first serve basis. Organic pets are small animals, such as the genetically modified large fluffy rat that players can breed, just like the regular farm and ranch animals. These pets can either be tamed or bred, and to make them stronger and more powerful they will need to be trained and provided for properly, whereas the inorganic pets will require the owners tinker and calibrate their parts carefully to make them stronger in fights. All pets will have a power rating based on their level so that fights are fair and pets with relatively in close power levels can fight in the tourneys. Player to player direct pet fights don’t have this restriction but both players can see the other’s pet’s power levels. The last skill based mini-game players can take part in will be the gladiatorial arenas. 1 arena will be available at the start of the game, but players can choose to buy license to operate arenas on their plots of land. In a gladiatorial match, player perspective will be locked in FPS mode and will be classified as melee or ranged arena. These gladiatorial arenas will have tourney systems. Players are welcome to test their skills versus other players anytime as long as they are willing to pay for the arena fees. The upside to fighting in arenas like this is that the fights will be recorded so that there will be video trail of the skill levels of each player so that other players might want to bet on them if/when they are taking part in tournaments or other fights in the future.
Production and Supply chain:
People who pick up a crafting profession, such as gunsmith, or armorsmith etc. will require raw resources to build their final products. A substantial amount of raw resources will be needed to produce the end product such as a gun or armor piece. The gunsmith will have to either buy or produce all the necessary components of each gun and then assemble them all together to make the final product. Each gun produced will be valuable because the producer will have spent a substantial amount of time, both in game and real life, and resources. Crafters can expand their production by hiring other players to make stuff for them, or they can hire NPC’s. The crafters will have to also expand their resource sources in order to expand their facilities to produce more products. Players can set up delivery contracts with other players either directly or through the marketplace, or they can set it up from NPC merchants and resource producers as well. Players must have sufficient amount or resources to continue producing their items.
Loot:
Monsters don’t drop readily made items, instead they drop raw materials and resources to be used in further crafting and professions.
Skills and character conditioning:
All players will have access to skill sets that will increase or decrease depending on their actions. Skills will be separate from the profession system and will cover such areas as cooking, butchering, fishing, mining, shooting, melee, dodge, armor, riding, driving, and flying. In addition to the skills, players’ characters will have base conditioning points in strength, agility and acumen. Character conditioning will happen based on the type of skill someone is using. Also character conditioning will depend on the food intake amount and frequency. Characters will gain weight and obese if they are allowed to not move enough and to eat too extravagantly for too long, inversely, characters will gain strength and agility if they frequently do activities that increase those conditions such as sprinting or carrying heavy weights all the time.
Survival and emotions:
Characters must eat and drink to survive in the world of Amelath. WIth the base subscription players will be given access to unlimited amount of basic food paste and purified water from the space ship turned city’s center area. However, these basic nourishments only fulfill basic hunger and thirst needs, and eating the paste too frequently and often might yield to depression. A delicious meal made by a good cook will conversely give a temporary but powerful boost to the character, making the cooking skill a valuable skill to develop even if at the more basic level. Characters will experience emotional states based on activities. The player will have to be careful to manage his or her character’s needs, both physical (food and drinks) and emotional (entertainment) in order to have an optimized colonist performing at his or its peak.
NPCs:
The game world will be filled with either human or AI crafted NPCs. Players will have access to be two types of NPCs: hireable and unhireable. The unhireable NPCs will be ones that run the city such as the marines and officers and other story relevant characters. However in addition limited number of hireable NPCs will arrive with the first ship. These are NPCs that come to the planet with their own hopes and aspirations and usually from a difficult background such as extreme poverty. Players will have the opportunity to hire these NPCs to help them with their professions or other miscellaneous things like going hunting. Players can hire NPCs directly from the employment boards where the NPCs skills and stats will be shown and their base price to be hired depending on the job and profession. Players can post their own jobs as well and NPC’s might take them if they become available from their previous job(s). Other players can take the jobs posted as well if they need the cash. Permanent employment system will be implemented as well so that players, if they are willing to handle the ongoing expenses, could put NPCs on regular payroll. NPCs will die, and they all will have basic survival needs like player characters.
Blockchain technology:
· The game will have its own private blockchain that will be linked to ethereum’s master chain by a smart contract
Gathering professions:
Mining, lumberjack, hunting, fishing, farming and planting, ranch
Crafting professions:
Blacksmith, gunsmith, armorsmith, tailor, cook, brewer (beer and mead), distiller (hard liquor), chemist, animal ranchebreeder
The purpose of this post is, first to introduce our project to the core group of ethereum enthusiasts who would get most excited about the potential of this game. Second, we actually want to get your feedback on the current draft of our GDD. This will be an extremely unusual project with heavy community involvement. Even from the point of inception to get community involvement, thus, is a good starting point.
Please don't hesitate to throw your 2 gweis our way without hesitation!
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