How Bitcoin Faucets Work We The Cryptos

What is a bitcoin faucet and how do they work? What are the risks involved?

submitted by scurf_ to BitcoinBeginners [link] [comments]

How to sell xBricks for money (self post for mod approval)

Preface
I've written this guide with those that are unfamiliar with crypto in mind, however it's still a lengthy process. I'm going to try to present this in a way where you don't have to learn how the underlying crypto technology works, but I will add in links to relevant concepts in case you're curious. This process was a lot more complicated before but I made a web interface to simplify it.
At the time of writing this, FortniteBR BRICKs are worth 10 cents a piece. That makes 1000 bricks worth 100 bucks. The liquidity pool is about $14,000 at the time of writing, meaning that there's room in the market for you to hypothetically get $7,000 if you had a lot of BRICKs.
If at any point throughout this process you need help, DM me!
Misc. Resources That Might Be Helpful
What you need
You will need:
Step 1: Setup
On your desktop computer, install MetaMask. This is an Ethereum Wallet which will allow you to interact with the Ethereum Network and its many sidechains. More on this later.
Follow the setup instructions in MetaMask. If you've never done this before, you'll need to create a new seed phrase. Video tutorial if you get stuck.
YOUR SEED PHRASE IS THE KEY TO YOUR WALLET. ANYONE WHO HAS ACCESS TO YOUR SEED PHRASE CAN TAKE YOUR FUNDS. IF YOU LOSE YOUR SEED PHRASE YOU HAVE NO WAY TO RECOVER YOUR FUNDS. WRITE IT DOWN AND STORE IT IN A SAFE PLACE!!! NEVER GIVE IT OUT TO ANYONE - ANYONE THAT ASKS FOR YOUR SEED PHRASE IS TRYING TO SCAM YOU! DON'T FALL FOR IT!
In the MetaMask interface, you'll see "Main Ethereum Network". This process uses two networks. One of them is the Rinkeby Testnet (where the BRICK tokens are natively) and one of them is the xDAI network which is where we will bridge the tokens to in order to exchange them for Dai, a token which is pegged to the price of the dollar.
From the dropdown, select Rinkeby Testnet. If you're in the assets tab, you should see a thing that shows your ETH balance. Below this, you should see an "add token" button. Click it. Go to "Custom Token" at the top. In "token contract address," paste in the following:
0xe0d8d7b8273de14e628d2f2a4a10f719f898450a
The other fields will autofill. Hit next. You'll now see your BRICK balance (which will be 0, you haven't transferred your bricks yet) in MetaMask if you've done everything right.
You'll need Rinkeby Ether to cover transaction fees. Since we're on a testnet, the Ether is worthless which means people hand it out for free. You can get this Ether from a variety of places:
Now it's time to get your BRICKs from your Reddit vault into your MetaMask wallet.
WARNING: ALL CRYPTO TRANSACTIONS ARE IRREVERSIBLE.
Your Ethereum address shows up under Rinkeby. It should be "0x" followed by a bunch of hex characters. Click on it to copy it to your clipboard. You now need to somehow get this to your mobile device. Email it to yourself, text it to yourself, whatever.
On your Reddit mobile app home screen, click on your profile icon and then go to vault. You'll need to set this up and claim your tokens if you haven't already. Be aware that this is also technically an Ethereum wallet. Keep your seed phrase safe.
Send however many BRICKs you want to sell to your MetaMask wallet. Check to make sure the addresses are the same, but don't worry too much about making a typo or whatever. The chances that you'd make a typo that would result in a valid Ethereum address are slim, if you get a character wrong it'll just tell you it's not a real Ethereum address and prevent you from sending.
It may show an error when you try to send. This is somewhat rare but pretty normal. They often run out of testnet Ether. Come back later and try again.
If it works properly, it'll take about a minute to go through. It may take longer than that.
Once the transaction goes through, you'll see that you have an absurd amount of BRICKs in MetaMask. No, there wasn't a glitch. The people who wrote the code for BRICKs made the decimals of precision weird for some reason. It's off by a factor of 1018. This isn't a big deal.
If you see Bricks and Ether (ETH) in your MetaMask wallet, proceed to the next step. If you're having issues, feel free to DM me.
Step 2: Getting Your BRICKs from Rinkeby to xDai
There's a LOT going on under the hood for this part (deets for those interested). Previously this required manually generating contract interactions, which is kind of a pain if you're new to Ethereum. I made a UI to make this easier (it generates the transactions for you, all you have to do is sign them with your wallet). This took way longer to do than you might guess, so feel free to help a homie out at:
0x4BCcC2569DD93C7dF43431A7b70db569dedB6187
Go to my tool. Hit connect. If you're on the Rinkeby network, it should show your balance in BRICKs. Enter the amount you want to bridge (probably all of them). If neither of us have made any mistakes, it should pop up with a request to spend your BRICKs. If there's any issue with this tool, DM me. This allows the TokenBridge contract to take your BRICKs and put them on the xDai network where you can sell them. This is the part where you'll get an error if you don't have any testnet ETH. Set the gas price to 1 (the suggested price is based on the Main Ethereum Network - it's way too high). After you approve that, it'll give you another thing to accept. This is the actual transaction where it'll bridge to xDai. Again, make sure the gas price is set to 1 and confirm the transaction.
Add xDai to MetaMask
Switch to the xDai network. We're going to add another token. Again, go to "add token" > "custom token" > "token contract address". Paste in:
0x2f9ceBf5De3bc25E0643D0E66134E5bf5c48e191
If the transactions have gone through, you should see your xBricks (the name for BRICKs that have been bridged to xDai) in MetaMask. If not, wait a bit for the transactions to go through. Sometimes there are slowdowns that cause bridging to take a while. Shouldn't take too long, though. Once that's done, you're ready for the next step.
Step 3: Trading Your xBricks for xDai
Go to Honeyswap. Hit "select a token." You'll need to paste in the xBrick address again. Here it is:
0x2f9ceBf5De3bc25E0643D0E66134E5bf5c48e191
Click xBrick.
You'll need to flipflop the trade around by hitting the arrow button. xBrick should be on top. Type in the amount of xBricks you want to sell, or hit max to sell all of them. 1 xDai = $1. You'll need to hit approve first. Set gas price to 1 again. Then you can complete the trade by hitting swap. After a bit, the xDai should show up in your wallet.
Step 4: Mainnet
Everything on Mainnet costs actual money to do. It costs about 50 cents to make a transaction and it costs about 3 bucks to use an exchange like the one we just used. If you don't have mainnet Ether, you won't be able to do anything with your mainnet Dai (what xDai is called when it's bridged back to the main Ethereum network). You may be able to find someone to lend you some ETH to make these transactions with. Whatever you do, just be aware.
If you still want to bridge your xDai into Dai, go here and make sure xDai is on the left. If it's not, go in the top right and select xDai chain. Enter the amount of xDai you want to bridge to mainnet and then hit transfer. Follow the prompts. This part may take up to an hour due to recent network congestion. After it's done, if you go back to Main Ethereum Network in MetaMask you should see your Dai.
If you have a few bucks of ETH, you can use UniSwap to convert your Dai to even more ETH. Uniswap tutorial
Things you can do with ETH
submitted by Oninteressant123 to u/Oninteressant123 [link] [comments]

*New Story* Do autonomous trucks dream of CW McCall?

I've got some serial stories I'd like to tell about living with (and in) technology and the industry.
Do autonomous trucks dream of CW McCall?
Falstaff’s story
“For a bright shining moment, we added a lot of shareholder value”. Falstaff had a comic with that caption in his double sized cubicle, the kind reserved for senior engineers. For a while he thought it showed that he didn’t fully buy into the corporate line, but that he’d still do as he was told as long as he had a shot at the big payout. RSUs, the big acquisition. The end of year bonus. That was the deal in the before time, when things mostly worked out for most people it seemed.
Falstaff knew he wasn’t the smartest, but he didn’t complain, didn’t pick fights and lived pretty well. His bad habits didn’t impact his work life and he still might hit it big enough to quit and try something else. To have options.
Then everything happened at once. The fires. The diseases. The chaos. Nobody knew who was in charge for a year or so. Things came back. A few years passed and the wealthy parts of the coastal cities looked shiny again. Most people called it normal. To the casual eye, it was. You could still get sushi delivered to the office late at night, ski in the Rockies if you could take the time off. Things were pretty good if you stayed where you belonged and kept your metrics up. Things fell off as you went East or to the not-so-quaint rural areas that couldn’t swing a music festival or good photo opportunities for social media. Go far enough and you found the places where the Feds just walked away. Not our problem any more.
That’s how Falstaff saw the world and his place in it. He had’nt had much sleep. Drugs, risky behavior and the self-loathing kept him occupied, making his morning commute that much less pleasant. He stopped staring at the RVs and tents parked on the land next to the on-ramp as he got on the 101. He jabbed the infotainment system to find some noise to sooth or at least distract him.
“Today, the Department of Energy announced that repairs have been completed ahead of schedule for the Diablo Canyon Power Plant. Radiation levels are now below acceptable levels for the first time in three years”
Click.
“We’ve got an autonomous truck accident with a car by Exit 6 on the 280 Eastbound, so expect delays while CHP and a support team from Freightliner gets that cleaned up”
Click.
It didn’t work. He still felt adrift and unhappy in the morning commute, so he silenced the radio and drove to the office.
The office was uneventful. Park, security checkpoint, a long walk to his building, a coffee on the way to his cubicle. He pulled the privacy screen closed behind him and sat down. A quick scan of his eyes and there was his project- a payment processing application that would cut out another payment application for a small percentage of a massive stream of money.
He looked over last night’s chatter, split the tasks into ‘do the work’ and ‘show that I’m adding value’ categories.
The fear and sadness caught up with him. He wasn’t ever going to get out. If he ran as fast as he could, he’d stay exactly where he was until his rent outpaced his income. His stock options would vest just fast enough to keep him going, but he’d never get out.
The morning dragged. Tweak this, report this to someone else. The bureaucratic minutiae and make-work washed over him until lunch. He looked forward to lunch with Tran, hoping that might get him out of his funk. Tran wasn’t so much a friend as one of the few people who admitted how screwed up everything was, so there wasn’t any danger of speaking the obvious and getting a negative reputation.
Tran was out today, so Falstaff ate leftovers and instant noodles in his cubicle.
His phone buzzed. There was a message on MomTalk, a chat for wealthy mothers to discuss brunch, day drinking and their children.
An engineer friend of Falstaff’s set it up as a joke to lampoon the women she couldn’t stand and her friends played along, adopting over the top personae and complaining about nonexistent spouses and domestic staff. After things came back, it was a way to talk freely, if in code.
Heather: Hey. I’m in deep trouble. The Nanny’s unhappy and I need someone to pick up the kids.
Falstaff sighed. Tran must need something.
Sheila: Missed you for lunch. Not feeling well?
Heather: Serious. My kid is stuck under my desk and I need him to come home. UNDERSTAND? NOW!
Sheila:kk.
He got up, took his brown cardboard biodegradable instant noodle container and walked a few rows over to Tran’s cubicle. Where Falstaff’s cube was disorganized and well worn, Tran’s was sparse with better furniture. Falstaff felt under the desk and noticed a decal with one end loose. A quick pull and the label peeled off into his hand, along with a small flash memory card, the size of a fingernail.
He stood up and quickly looked up and down the aisle between the cubicles. Nobody noticed. Nobody really paid much attention to him on a good day unless they needed something from him anyway.
Back in his own cubicle, he went back to the chat:
Sheila: How urgent is this? Chip can have dinner with us or we can drop him off on the way to fencing class.
Heather:NO TIME. FAMILY’S HERE AND THINGS ARE TENSE.
Heather:RUN. GET OUT NOW.
Heather:REALLY.
Falstaff was concerned. Tran didn’t make jokes. Laughing at Falstaff’s attempts at humor was enough. He had figured that Tran’s talk of ‘having gangsters in his family’ was an attempt to seem dangerous despite being a cubicle denizen, the way middle aged men bought loud motorcycles that they never rode.
He folded the decal over the card, pressed the sides together and dropped it in the instant noodle cup, then pushed it down with the corn-plastic chopsticks.
The background chatter got quiet and multiple employees raised their heads prairie-dog like. Several members of the company security detail were looking through Tran’s cubicle. Geoff, the brush-cut ex-cop security guard for this building was standing in the aisle attempting to look like he mattered to the operation as the more polished and definitely better paid detail carefully boxed the contents of Tran’s cubicle.
Falstaff picked up his phone and noodle container and started walking towards an exit away from the commotion. Geoff noticed and walked briskly after him. As Falstaff walked out of the building, Geoff called out his real name, then jogged behind him, puffing his half a size too small corporate logo’d golf shirt.
Ironed golf shirt.
Falstaff heard Geoff behind him, but decided to ignore him. Geoff was a blue-badged contractor, safely ignored. Normally.
Geoff ran in front of him and blocked his path to the parking garage.
“You wouldn’t happen to know where Tran is, would you? I’ve seen you with him ”
Falstaff tapped on his white badge. “You’re not my real dad. You can’t tell me what to do”
Falstaff squeezed past him into the parking garage’s doorway.
Geoff glared at him while Falstaff got in his car and put the noodle carton in the fancy retracting cupholder. He started his car and drove off as calmly as he could manage. Despite his attempt at seeming indifferent, his mind was racing. He attempted to make good time without getting attention. Luckily, silver Porsches were a cliché and therefore almost invisible in the Valley.
Twenty minutes later, he was in his mid-grade two bedroom apartment overlooking the parking lot. His cat, Hank, greeted him with a raised head and half open eyes.
Falstaff gave the cat some perfunctory petting, while trying to sequence the next few tasks.
He went to the refrigerator in the kitchen, carrying the ramen cup in one hand. He selected a can of energy drink and thought for a second.
His smartwatch and phone went in the freezer. Fishing the wrapped memory card out of the cup, he picked up the can and walked to his couch, where a bestickered high end laptop rested. Debating between speed and security, he turned off networking on his laptop, then inserted the card into the laptop gingerly, mounting it read-only in case Tran left something aggressive on the card.
Huh. A couple really large encrypted files. And seven smaller files with long filenames of seemingly random numbers and letters. He ejected the card and gingerly placed it on the arm of the couch.
The file names were bitcoin addressses. A lookup showed a total value of almost $600 million in value there.
The files themselves were encrypted. Falstaff stared at the wall for a minute or two, then realized that Tran had decided to quit and take an unauthorized retirement bonus from their shared employer. Enough money to kill for.
Who knew about this, and more importantly, who knew Falstaff had the key? Tran did. Perhaps his gangster friends knew.
He pulled his phone out of the freezer. A few project related emails and three MomTalk direct messages.
Heather:???
Heather:Where y’at?
Heather:I have investors. They’re quite insistent. They’re on their way to you.
It was time to go. Now.
Falstaff put the laptop down and ran to his bedroom. He pawed through a closet and pulled out the giant duffel he used to carry two week’s laundry from his grad student apartment to the cheaper off-campus laundromat. He quickly shoved a variety of clothes, some scuffed hiking boots and some corporate branded technical outdoors gear into it.
Behind a shelf, he found a long, antiquated Russian bolt-action rifle and a few paper-wrapped boxes of bullets. It wasn’t the firearm someone on the run would want, but it’s what he had. It went into the duffle bag, which he dragged into the living room. Hank jumped down and inspected the bag.
“Hank, I’ll hook you up in a second”
A quick scour of the kitchen and Falstaff had two thick trashbags and a box of water jugs with his current employer’s old logo on them, which he emptied into the sink and turned on the faucet.
As the sink filled, he filled the trashbags with whatever looked useful- tools, hobby electronics, his laptop and cat food. He pulled out a fat stack of cash from the bottom of his drug stash box. He contemplated forced sobriety, then carefully closed the box and put it in the bag, along with the cash.
Don’t change everything at once, he thought. Now isn’t the time to risk sobriety.
Falstaff rummaged around in the hall closet and dug out a bright pink cat carrier and stuffed Hank into it, then turned to the overflowing sink in his kitchen. He opened and filled the bottles in what he hoped was an efficient use of time, then pushed them back into the box.
His phone buzzed again. He contemplated throwing it back in the freezer, then thought better of it, shoving it and the watch back in his pocket.
Hank started meowing.
“We’re not going to the vet today, dude. Shut it for now”
Falstaff looked out his window. Typical traffic. Typical parking lot. A few charging stations, a fence and tents on the other side. He opened the window and threw the bags into the bushes below. He picked up Hank’s carrier, his laptop and looked at the box of water bottles.
Wait. Stop. Think. Breathe.
Tran’s card. A minute of searching found where he left it on the couch. He stuck that in his pocket, then ran out of his apartment. He considered the elevator, then decided on the stairs as they were closer to the bags and his car.
A few minutes of pushing and shoving had the trash bags in the front trunk , the oversized duffle in the passenger seat and Hank’s carrier seat belted in the tiny back seat. He spun the tires and entered the flow of traffic, such as it was.
He looked at his phone. More people seemed to want a response. Ignoring them, he found the closest florist’s shop and fifteen minutes later, pulled into the strip mall that contained it.
A few minutes later, he was in possession of three “Birthday Balloon Extravaganzas”, finishing off the shop’s tank of helium and a bit of Falstaff’s cash. He tied the strings around his smartwatch and let it rise and drift past the confines of the parking lot. The hastily constructed wad of tape and ribbon connecting his phone to the other two Extravaganzas generated a more labored flight, but eventually it drifted away. He looked into the shop’s camera and flipped it the bird as he left and jumped back in his car.
Soon he was back on the road, relaxing with his elbow out the window. Despite the stop and go traffic, he felt safe enough to relax and make longer range plans. Even Hank had settled down for the moment. The hot air felt less oppressive somehow. He contemplated the right set of music for an escape from civilization, trying on a few genres to decide. The screen also showed that the freeway was less than a quarter mile on the right and traffic would be light.
Good.
Then he looked again at the screen and thought about antennas. His radio talked to the cell tower, which talked to the Internet. Every application knew where he was.
Which meant Tran’s investors or their ex-employer could know as well.
One hand on the wheel, he looked around for something to pull the radio out of the dashboard. Hank meowed.
“You have an idea? No? Please be quiet”
Rummaging around in the glove box, he noticed an old folding knife. Falstaff slowly pried the radio from the dashboard while occasionally looking up at the tailgate of a modern SUV ahead of him. Realizing there was a rear-facing camera on the SUV staring at him, he slid down below the dash as best he could.
A few more stop and go cycles and the radio was free of the dash. He unplugged cables by feel, but one took his attention away from the road while he pried at it with his knife
He was distracted by a horn blast by his ear. Another SUV was forcing itself into his lane while the driver gesticulated at him.
Falstaff reciprocated by waving angrily at him, knife still in hand. The driver of the SUV held the horn down, angering Falstaff enough to open the window and throw the now free radio at the noise.
Feeling the embarrassment, he jerked the wheel to the right and accelerated into the bicycle lane with a chirp of tires and howl from the engine behind him.
A minute later, he was on the highway, quickly leaving Silicon Valley. He hoped to make the Nevada line before anyone figured out what he was doing.
submitted by lawtechie to talesoflawtechie [link] [comments]

Getting started as a bitcoin cash merchant

So I've spent some time looking into various APIs and services, trying to get a basic merchant setup working usable for development, with a working testnet. The quality of the services offered and documentation is lacking, to say the least.
So I've taken a step back and decided I would try to get this working from "first principles", basically setting up a node and using the related APIs. I first tried the BCHD node which was looking promising, until the testnet version of it got into a loop where it kept complaining about some invalid transactions over and over and never seemed to recover.
The I tried "Bitcoin Cash Node", which is an awful name for search engines btw. It could really need a more unique and searchable name. After some struggle and careful reading of startup options and configuration files, I managed to get nodes up an running (testnet and mainnet) and in such a state that they answer to REST and JSONRPC calls.
I have transferred some bitcoin on testnet to a know address, using a public "faucet" that works (also a bit hard to find). I know that I managed to get that part working, as I've successfully looked up the balance of that address using a few of the public blockchain lookup tools.
What I havent' quite figured out is how to look up that address on my locally running node. Most of the API deals with transactions, not addresses. There aren't many APIs that accept addresses. scantxoutset might work, but it uses terms as "scan", which indicates it's not a "low cost" operation (which I would expect).
So I'm wondering, does this really mean that most bitcoin nodes really isn't usable for looking up addresses?? Or to turn it around, can anybody recommend bitcoin cash nodes that offers an easy to use API for looking up payment related things, like addresses?
Final note, I know how wallets etc work. The reason I'm trying to implement similar functionality from scratch is to understand all the details. And because a merchant typically can't just accept the current limited functionality with wallets, which seems focused on a single user's need, not what a merchant would need (gap issue etc).
And fwiw, I've also tested the "bitbox" API (which does not have a working testnet) and "fullstack" API (which has a working testnet, although documentation isn't complete). So I know about other ways of doing similar stuff. I'm just trying to minimize the number of external things I need to depend on while also figuring out how this can be done straight from running nodes.
submitted by kjeldahl to btc [link] [comments]

Why i’m bullish on Zilliqa (long read)

Edit: TL;DR added in the comments
 
Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analyzed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk-reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralized and scalable in my opinion.
 
Below I post my analysis of why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise, just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction
 
The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since the end of January 2019 with daily transaction rates growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralized and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. The maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realized early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralized, secure, and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in the amount of nodes. More nodes = higher transaction throughput and increased decentralization. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue dissecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour, no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts, etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as: “A peer-to-peer, append-only datastore that uses consensus to synchronize cryptographically-secure data”.
 
Next, he states that: "blockchains are fundamentally systems for managing valid state transitions”. For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber, and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa, this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network, etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever-changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralized and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimization on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and the University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (66%) double-spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT, etc. Another thing we haven’t looked at yet is the amount of decentralization.
 
Decentralisation
 
Currently, there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so-called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralized nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics, you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching its transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end-users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public. They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public-facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers. The 5% block rewards with an annual yield of 10.03% translate to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non-custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS; shard nodes and seed nodes becoming more decentralized too, Zilliqa qualifies for the label of decentralized in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. The faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time-stamped so you’ll start right away with a platform introduction, roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalized: programming languages can be divided into being ‘object-oriented’ or ‘functional’. Here is an ELI5 given by software development academy: * “all programs have two basic components, data – what the program knows – and behavior – what the program can do with that data. So object-oriented programming states that combining data and related behaviors in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behavior are different things and should be separated to ensure their clarity.” *
 
Scilla is on the functional side and shares similarities with OCaml: OCaml is a general-purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognized by academics and won a so-called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise, it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts, it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa or Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue: In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships
 
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organizations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggests that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already take advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, Airbnb, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are built on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human-readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They don't just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data, it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community-run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non-custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiative (correct me if I’m wrong though). This suggests in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real-time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding of what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures, Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
submitted by haveyouheardaboutit to CryptoCurrency [link] [comments]

LBRY Site and Token!

LBRY
For most users, LBRY will be a place where they can find great videos, music, ebooks, and more: imagine a vast digital library that is available on all of your devices. But under the hood, LBRY is many components working together.
First and foremost, LBRY is a new protocol that allows anyone to build apps that interact with digital content on the LBRY network. Apps built using the protocol allow creators to upload their work to the LBRY network of hosts (like BitTorrent), to set a price per stream or download (like iTunes) or give it away for free (like YouTube without ads). The work you publish could be videos, audio files, documents, or any other type of file.
Traditional video (or other content) sites such as YouTube, Instagram, and Spotify store your uploads on their servers and allow viewers to download them. They also allow creators to make some money through advertising or other mechanisms. However, there are some well-known drawbacks, especially for people whose material is perceived as not being advertiser-friendly.
LBRY aims to be an alternative to these sites, allowing publishers and their fans to interact directly without the risk of demonetization or other meddling.
What makes this all possible is the blockchain technology developed by the creator of Bitcoin.
Do you have to understand any of this to use and enjoy LBRY ? No. Does it still matter to users? Yes!
Earn rewards based on followers, how many you are following, daily watch reward, invite reward and more that show up that arnt part of the dailys.
I current have been using LBRY to watch The StarLost, a cliche 1973 Canadian space film. There are many other shows, influences and Crytpo related shows on LBRY
submitted by japakar to japakar [link] [comments]

Hello Cardano - Introducing Aurum Stake Pools🚰 Faucets🚰

Hello Cardano community,
First of all, we’d like to introduce ourselves. Aurum is a group of industry leading software engineer professionals. We’ve begun this new project with cryptocurrency to try to explore different options for a viable long term company. We wanted to start our journey with Cardano, since this is a community we are excited about and want to be part of.
Now that all the introductions are done, let’s cut to the chase! What do we offer in our stake pools?
At Aurum, we have been brainstorming fun and innovative ways to introduce our pools to our delegators and during one of our conversations the idea of a Faucet came out. For those that are not familiar, this wikipedia page talks about Bitcoin faucet and what they were used for. https://en.wikipedia.org/wiki/Bitcoin_faucet
For our first pool (Ticker: AUSP, PoolId: 5007483bab60674a9000dced43d83717cad17b885b76377a4bfada1e), we have decided to give 1% of the 5% Stake pool operator reward percentage to 1 of our delegators each epoch, leaving us with the 4% to manage the pool.
So how does it work?
If you stake with our pool, once per epoch, you will still earn 95% of the rewards (like all the other pools) split by all the delegators; however, you will get the chance to earn the full 1% of the reward. So let’s plug some numbers, shall we ?
Since we think about the long term, let’s start by saying that all our examples are based on 30,000,000 Stake pool size (the maximum Pool Saturation when Cardano reaches 1000 stake pools limit).
Let’s assume that you have invested 1,000,000 ADA in the above stake pool which is at 29,000,000 total stake, reaching 30,000,000 of a Total stake.
You will be earning 49,694.50 ADA yearly or 680.746331274 ADA per epoch, which is 4.9694% reward per year. However, let’s assume there are 10 other delegators to the same pool, you will get 1/10 chance every epoch to earn an extra 217.107146151 ADA. Since there are 73 epochs in a year you could have the chance of getting it 7 times, increasing your yearly income of an extra 1519.75002306 ADA which would be a 5.12% reword per year.
At Aurum we understand that not everyone will stake the same amount and it would be unfair for the bigger delegators, however for our first pool we tried to keep it simple. We are working on tools to automate the process, as well as a website, where we could pair and match different stakeholders with the same amount of staking to the same pool.
Further, since we are a customer obsessed group, we are interested in knowing your opinion and any ideas you might have. At Aurum, there are different ideas we have been discussing around this Faucet concept. For example, we have discussed creating a pool where the stake operator reward goes only to small delegators (1000 ADA or less), or a stake pool where 50% goes to the Faucet and 45% goes to the delegators. Additionally, we have been discussing other ideas outside this Facet concept, such as stake pools as a service or privately managed stake pools. Let us know what you are interested about and we will definitely listen.
At Aurum, we are excited for the future and all of these projects.
Stay in touch, we are always open to questions and you can reach us on any of our social networks or our telegram channel mentioned below.
Let’s us know if we missed anything. We are excited to hear from you!
The Aurum team.
Twitter: https://twitter.com/austakepool
Telegram: https://t.me/austakepool
Website: https://www.austakepool.com
submitted by austakepool to CardanoStakePools [link] [comments]

How to make money with cryptocurrencies: xFaucet Multicoin

A new multifaucet site is appearing in the crypto universe. We will explain how to make money with cryptocurrencies thanks to xFaucet!
The site that we are going to describe in this article consists of 7 Faucets connected to the following cryptocurrencies: Bitcoin, Ethereum, Dogecoin, Litecoin, Bitcoin Cash, Dash and Digibyte. Each wallet address must be registered on FaucetPay to which the prizes of the related claims will be sent in real time. Below we will explain how to make money with cryptocurrencies on xFaucet.


The xFaucet and Home buttons / links at the top left of the main page take you directly to the home page. Refer will only work after running the first claim (your referral link will appear) while Links recommends some trending sites.

Under your referral url there is the "Our Banners" button which will display a good list of very useful banners to insert on your site.

The Claim to be executed is divided into 2 parts: an hCaptcha and an antibot links. Once completed, you will need to wait 5 minutes before proceeding to the next. At the bottom of the page, your Referral URL will finally be visible, which will make you earn 20% on each Claim executed by your subscribers.

As previously anticipated, returning to the Home you can choose to make claims among six other cryptocurrencies. Do not forget to always use a wallet previously registered on the FaucetPay online MicroWallet.
On FaucetPay you can enter and register more than one wallet for each cryptocurrency.

We take this opportunity to advise you to visit and subscribe to our Facebook page and our Telegram channel in order to stay up to date on news, airdrops and new faucets.


See you at the next article dedicated to faucets!

If you liked this article and would like to contribute with a donation:

Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z
Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7
Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK
Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI
Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf

By: cryptoall.it
Telegram Channel: t.me/giulo75
Netbox Browser: https://netbox.global/PZn5A
Horizen Faucet: https://getzen.cash/auth/register?ref=153228
submitted by Giulo75 to u/Giulo75 [link] [comments]

BETFURY BOX: get free BTC every 2️0 min & earn up to 15% monthly

BETFURY BOX: get free BTC every 2️0 min & earn up to 15% monthly

https://preview.redd.it/2ifreq3wf3m51.png?width=1170&format=png&auto=webp&s=5d31de103b7274e141c61ab329746cf1df405756
All secrets come true! From the moment it was announced that Betfury was preparing a Secret Project, all users started actively discussing what it might be. There were questions about it in the Telegram chat every day. And some of the users were very close to the correct answer - so close that we wanted to answer “hot” (like in a game).
So the legendary Secret Project is “BetFury Box”https://betfury.io/boxes
Why was it a secret? The reason is the uniqueness in the і-Gaming world.Unprecedented project, which required much work and time for preparation.
What is the BetFury Box?
BetFury Box is a faucet itself - a unique opportunity to earn by multiplying Bitcoins!Now earning BTC becomes accessible for everyone without special knowledge.
Earn Bitcoins in three steps:
  • Sign up on BetFury
  • Choose a preferable box with the best conditions for you
  • Get income: free BTC every 20 min, profitable Deposits and Referral bonuses up to 35%
⚠️ Boxes funds were allocated from the team side specifically to promote our platform (they don't apply to the Dividends pool).
https://betfury.io/boxes
There are 3 types of income from Boxes:

Free Box - Get up to 1800 Satoshi every day!

https://preview.redd.it/xbhd57m0g3m51.png?width=859&format=png&auto=webp&s=8aaef7629e5e360973b150a75386e7767233fe4f
All registered users have an opportunity to get free BTC every 20 min.The only thing you need to do is to be attentive or set an alarm not to oversleep.

How does it work?

The Free Box is constantly replenishing with Bitcoins. Once 20 min pass, coins can be withdrawn. Press “Withdraw”, pass a Captcha and get BTC on your game balance. That’s it!Come back every 20min for a new free roll and earn up to 1800 Satoshi of Daily Payouts.
Important!
  • The BetFury team has specially allocated funds for this unique project to promote our platform (they don't apply to the Dividends pool).
  • BetFury will notify players of any significant changes to existing terms and conditions of the Free Box before entering into force. BetFury may, at its sole discretion, make minor changes to these terms, the promotion itself or the players’ right to participate in this promotion for any reason, without prior notice to the players.
https://betfury.io/boxes

Deposit Box - Earn up to 15% monthly!

https://preview.redd.it/arnryrk5g3m51.png?width=859&format=png&auto=webp&s=a2eb413e4df84b54d4e72dbc77fb2382a22b93e7
BetFury provides not only the best gaming experience but also profitable services with maximum investment attractiveness!Increase your funds with the Deposit Boxes. BetFury offers to make Deposits more profitable, than in banks.
Every box purchases require by completing some task: to get acquainted with our platform, play games or complete daily tasks.
**Choose the Box to your taste.**Raccoon Fury has mined a set of different gemstones. Each of them has it’s name and is valuable in its own way.The difference between them is the cost, the percentage that you can get and the number of days for which it is purchased.
  • Each new Box is an exclusive offer with a limited term and conditions. Keep an eye on BetFury not to miss new special Boxes with unique opportunities.
**Get funds any time.**You can withdraw the full amount + % after the period finishes or withdraw the total expected amount with % by parts.The BetFury team guarantees that you will return all invested funds +% at the end of the term of the box you bought.
https://betfury.io/boxes

Box Referral Bonuses - up to 35%

https://preview.redd.it/takjxt2bg3m51.png?width=859&format=png&auto=webp&s=0c9adf92454fe667d774df58924b8ab5ad5c9b85
More fun and Bitcoins together with friends! Invite friends through your social networks and get up to 35% from their incomes.
1. Use your Referral link - it’s the same you’ve previously had on the BetFury account.
2. Share the Referral link to any social network: Telegram, Twitter or Reddit, YouTube, Instagram, Facebook.
**3. Get passive income.**It doesn't matter if your friends use a Free Box or Deposit Boxes - BTC will be pouring on your game balance.

Free Box - 20% from referrals withdrawals

Each time your referrals make withdrawals in the Free Box, you get a reward in the amount of 20%.**Example:**By clicking Withdraw, the balance of $100 is transferred to the game balance → referral rate (20%) $20 - affiliate commission.

Deposit box - 15% from referrals pure profit.

Your referrals buy boxes - you get coins immediately after the purchase.**Example:**By clicking Buy Box in amount of $100 ($100 deposit + $10 pure income) → referral rate (15%) ($10 * 0.15) = $1.5 referral commission.
⚠️ Note: 7 days Deposit boxes are not eligible for affiliate bonuses.
Start earning passively from the first minute. Later, the conditions for receiving referral bonuses can be changed, so enjoy the maximum benefit here and now!The more invited friends you have - the more profit you get.
________________________________________________________________________________________________________
BetFury has presents in the Box for everyone! It’s the easiest way to get and multiply Bitcoins. There are a lot of ways to use earned crypto on BetFury: play games, mine BFG tokens, Stake them to get Dividends. Sure, you’ll find the best variant for you!
________________________________________________________________________________________________________
Link to the Website: https://betfury.io Link to the Telegram: http://t.me/betfury Link to the Twitter: https://twitter.com/betfury_io Link to the Telegram Channel: https://t.me/betfuryofficialchannel Link to the Steemit: https://steemit.com/@betfury-steem Link to Facebook: https://www.facebook.com/BetFury.io/ Link to Instagram: https://instagram.com/betfury.io Link to Reddit: https://www.reddit.com/useBetFury_io

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

Earning with Cryptocurrencies: “Cointiply” The King of Faucet!

The Direct Faucet with the largest community in the category. Earning with cryptocurrencies is no longer a saying!
Cointiply immediately presents itself as a faucet site very rich in features and options. Perhaps one of the most complex of all. Thanks to it, you can earn with cryptocurrencies, accumulated through faucets and PTCs (advertising displays), in many different ways that we will explain extensively in the article.

If Coinpot, thanks to its faucets, ideally represents the famous expression of the crypto world "To The Moon", Cointiply is the undisputed king of faucet sites due to the very high number of subscribers.

Let's proceed with registration immediately by following the banner below. Rarely as in this case it is necessary to do it immediately as it would be difficult to follow the guide without being able to do it step by step.


After logging in, you will enter the Dashboard, which collects all the menus and submenus of the site.
Starting from the top, the total amount of cryptocurrencies earned with three different value measures will be shown on the right: Coins, Dollars and Bitcoin.

Just below you will see your nickname chosen when registering. Selecting it, a drop-down menu will appear showing the following items:

- Account Settings, where you can activate some functions offered by the site: enable annual interest when the balance exceeds 35000 Coins, allowing you to earn exponentially with the accumulated cryptocurrencies; receive notifications about new earning opportunities, share your profile with other users, change your nickname and enable 2-factor verification both with Google Authenticator and via email.

- Manage Premium, in this section it is possible to upgrade your account which will bring various benefits including the elimination of advertisements. In the event that you do not have the necessary funds, it is possible to participate in a drawing in which a Premium account will be raffled off by purchasing a ticket worth 340 Coins.


- Withdraw, thanks to which you can make the transfer of the crypto gudagnate. It is possible to choose between 2 different wallets: Bitcoin and DogeCoin. The minimum threshold for the Bitcoin wallet is 50,000 Coins while for the Dogecoin one it is 30,000 Coins. We remind you that once the 35000 Coins accumulated threshold is exceeded, the stock on the site will yield an interest of 5% per annum on the total balance, allowing you to further earn with your hard-earned cryptocurrencies.

- Help & Support, the inevitable help and in-depth section

- Logout, to exit the site


On the left is the main menu, also divided into various sections:

- Cointivity Profile, which shows your CointiPoints balance, your level and your current ranking. Just below, the Boosts you may have purchased and equipped and the consumables you have unlocked by leveling up are listed. We are talking about "Items" that can be obtained by opening the paid crates in the Inventory & Pods subsection. The list of content that you can fortunately receive is listed in the other subsections Item List and Collections. The last item in this section, Leaderboard, draws up the daily and historical ranking of the site's most active users.

- Earn Coins, refers to the Dashboard and lists all the ways to earn cryptocurrencies that the site makes available: surveys and tasks to be performed, the faucet, multiplayer, watch some videos, view the advertising pages, play some classic videogames, your referral URL and the 5% annual interest on accumulated funds we talked about above.

- Faucet, or Roll the Faucet, which can be performed every 60 minutes, which will reward you with a variable amount under the different bands visible on the right. Scrolling down you will see a series of links and information, which are repeated on the site, which we have already talked about almost fully. The most important is the keeping of the loyalty bonus which will grow by 1% per day until the 100% threshold is reached, but only if you make at least one daily claim.
- Settings, described at the beginning of the article

- Promos, where Coins Bonuses will be obtained thanks to promo codes for those who agree to receive notifications via browser.

- News, site news always updated!

- Help, the FAQ page. Everything is explained!

- Crypto Prices, the value and market trends of the main cryptocurrencies.

Before continuing, a brief explanation of the Dashboard, which at first glance would seem chaotic. In addition to the menu on the right, there is also one at the top next to the title that includes all the links, functions and opportunities to earn with the cryptocurrencies we have described. Its presence serves to optimize the usability of the mobile version of the site, identical in all respects to the desktop version, with the exception of the menus. In the center of the Dashboard page, broad visibility is given to the main offers and surveys made available on the site. Just below, the Earn Coins box with all the ways to earn cryptocurrencies.

It is right to spend a few more words for some of the aforementioned items:


- Offers, where you can accumulate Coins by completing surveys, viewing particular videos and much more. A section that guarantees great bonuses but obviously takes a long time. And polls aren't always successful.

- Roll the Faucet, described above.

- Multiplier, a nice game with dreamlike background music in which you can challenge your luck to get higher and higher amounts. Dedicated to those who love risk and betting and want to earn with cryptocurrencies obtained from faucets and PTCs.

- Videos, thanks to which it is possible to earn Coins simply by watching videos. Useful is the fact that the site shows a preview of the income that will be obtained and the videos that you will have to view.

- PTC Ads, a section where you are rewarded with Coins simply by visiting advertising web pages. Perhaps the most profitable option ever on the site taking into account the short time it takes to occupy.
You can also create advertising campaigns for your site and manage them directly from this section thanks to the numerous options offered.
The history of all the PTC Ads displayed is remarkable.
The FAQ section is very useful, the first case ever for this earning methodology, which explains how PTC Ads work.
Finally, thanks to Deposit Bitcoin, you can generate a wallet address to make deposits to be used in your advertising campaigns.

- Games, where by playing certain online games you will get Coins in exchange. Definitely to try sometime.


- Referrals, where you will find your unique referral URL, the details of all your subscribers and the total amount of cryptocurrencies that have earned you. You will get a 25% bonus on faucets and 10% on other offers / modalities

Finally, let's not forget the chat, which is very useful and very popular with users registered with Cointiply. The pink "Start Chatting" button to access it is not very visible and is located above the left menu.

Let us remember once again that the mobile version offers the exact same features as the desktop one. In these days the App version has also been released, to which we will dedicate a specific article!

If you still have doubts about this vast faucet site, or rather, would you like to give us some advice, do not hesitate to contact us. Making money with cryptocurrencies on Cointiply is possible!

See you soon for the next article.


If you liked this article and would like to contribute with a donation:

Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z
Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7
Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK
Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI
Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf
By: cryptoall.it Telegram Channel: t.me/giulo75 Netbox Browser: https://netbox.global/PZn5A
submitted by Giulo75 to u/Giulo75 [link] [comments]

CoinPot: 7 Faucet sites to earn free cryptocurrencies

A group of top-of-the-range Faucet sites that will make you earn free cryptocurrencies quickly: Bitcoin, Litecoin, Bitcoin Cash, Dogecoin and Dash. In this article we would like to describe in detail how this small group of faucet sites that rely on a single online microWallet: Coinpot. In our opinion, by far the most practical and famous of all the sites in the category for earning free cryptocurrencies.
Before reading, we recommend reading the introductory article of our blog in order to better understand some terms and already own an indispensable personal multi-currency wallet.
To earn cryptocurrencies, the first thing to do is sign up at the following link: https://coinpot.co No personal data is required, only the email address.
As for the first 5 "Moon" sites, it will be sufficient to log in with the same email with which you signed up for Coinpot and you can immediately make the claim (always alternate reCaptcha and SolveMediaCaptcha). You will be free to choose whether to make a daily claim or several claims throughout the day. The minimum waiting time between one claim and the next is 5 minutes.
Once you have made the first claims you will be able to see the crypto earned automatically credited to your Coinpot wallet. We will explain its functions in detail below.
Follow this advice to Earn even more Cryptocurrencies ... And these are the top 5 Coinpot-related faucet sites. Always remember to log in by following the links we have reported. The greater the number of referrals you will bring, the greater your earnings. The "Moon" sites in addition to guaranteeing you a 25% of the amount of each claim made by your referrals, will give a 1% bonus (up to a maximum of 100%) to the claims you make with your account. Our advice is to create a main desktop account and a secondary mobile account in order to personally verify the real functioning of the system. Your personal referral link will be shown to you by clicking on the refer link located at the top of the page.
2 more Faucets join the Moon galaxy! In addition to the 5 sites mentioned above, there are 2 others that offer almost identical efficiency and functions: BonusBitcoin and BitFun. To earn free cryptocurrencies in this case you will need to sign up using the email address as done previously on Coinpot. Use the same credentials.
The referrals program is exceptionally profitable as it offers a 50% bonus of every claim made by your subscribers. Even with a few subscribers, you will notice a steady increase in the cryptocurrencies you earn.
BonusBitcoin can occasionally be annoying but still offers a daily bonus on the total claims made. The waiting time on this site is 15 minutes and the link to the personal Referral is available in the center of the page. Under the "Claim Now" button there is also another option: "Change your claim setting".
Selecting it will open a small window: putting the check mark on "Always receive the average claim amount" you will always earn the same number of Satoshi for each claim while leaving it empty you will have the opportunity to earn 5,000 Satoshi with a single claim. The downside is that in the meantime you will get a lower average prize.
Bitfun is by far our favorite Faucet site because it rewards with relatively high amounts and requires very little time to make the claim. The time interval on Bitfun is identical to that of the "Moon" sites: 5 minutes. You will find the Personal Refer link under Account.
Brief explanation on how the Coinpot MicroWallet works. After this roundup of sites we want to quickly explain how the Coinpot microWallet works. In the main interface you will be shown the 5 cryptocurrencies that you can earn: BitCoin, BitCoin Cash, Dash, DogeCoin and LiteCoin. As you may have noticed, Tokens are not supported.
In the drop-down menu of each Coin you can decide whether to deposit crypto in the microWallet, transfer them from the microWallet to your personal wallet, convert them all into a single crypto (to more quickly reach the minimum transfer amount on the personal wallet), undermine them with your PC or view the latest transfers confirmed by Coinpot.
As for the Coinpot Tokens, the menu offers the possibility to convert them into other crypto, mine them with the PC or participate in 2 games of luck. Coinpot Tokens will be given to you in the order of 3 at a time for each of your claims made or 1 for each claim made by your referrals.
A very useful section of news and updates is also available and fortunately there are very few banners.
Last in terms of innovation, the Challenges, which you can select on the left in the summary menu. In practice, following a certain number of shares (claim, conversion of crypto, purchase of lottery tickets, etc ...) you will be given stars. The Challenges can be daily, monthly or linked to the achievement of a specific goal.
Each star will guarantee you an additional 100 Coinpot Tokens.
At the end of the challenges / Challenges period, lasting 30 days, those who have collected the highest number of stars will receive an additional maxi-prize in Coinpot Tokens.
Finally, we remind you that for each transfer to the outside you will be sent an email requesting confirmation that will be valid for 30 minutes. After this period of time you will have to carry out the operation again and no amount will be lost.
Keep following us! All the articles will always be dedicated to cryptocurrency faucets other than the previous ones that will allow you to quickly increase your earnings.
If you liked this article and would like to contribute with a donation:
Bitcoin: 1Ld9b165ZYHZcY9eUQmL9UjwzcphRE5S8Z Ethereum: 0x8D7E456A11f4D9bB9e6683A5ac52e7DB79DBbEE7 Litecoin: LamSRc1jmwgx5xwDgzZNoXYd6ENczUZViK Stellar: GBLDIRIQWRZCN5IXPIKYFQOE46OG2SI7AFVWFSLAHK52MVYDGVJ6IXGI Ripple: rUb8v4wbGWYrtXzUpj7TxCFfUWgfvym9xf
submitted by Giulo75 to u/Giulo75 [link] [comments]

Hello Cardano Community - Introducing Aurum Stake Pools🚰 Faucets🚰

Hello Cardano community,
First of all, we’d like to introduce ourselves. Aurum is a group of industry leading software engineer professionals. We’ve begun this new project with cryptocurrency to try to explore different options for a viable long term company. We wanted to start our journey with Cardano, since this is a community we are excited about and want to be part of.
Now that all the introductions are done, let’s cut to the chase! What do we offer in our stake pools?
At Aurum, we have been brainstorming fun and innovative ways to introduce our pools to our delegators and during one of our conversations the idea of a Faucet came out. For those that are not familiar, this wikipedia page talks about Bitcoin faucet and what they were used for. https://en.wikipedia.org/wiki/Bitcoin_faucet
For our first pool (ticker: AUSP), we have decided to give 1% of the 5% Stake pool operator reward percentage to 1 of our delegators each epoch, leaving us with the 4% to manage the pool.
So how does it work?
If you stake with our pool, once per epoch, you will still earn 95% of the rewards (like all the other pools) split by all the delegators; however, you will get the chance to earn the full 1% of the reward. So let’s plug some numbers, shall we ?
Since we think about the long term, let’s start by saying that all our examples are based on 30,000,000 Stake pool size (the maximum Pool Saturation when Cardano reaches 1000 stake pools limit).
Let’s assume that you have invested 1,000,000 ADA in the above stake pool which is at 29,000,000 total stake, reaching 30,000,000 of a Total stake.
You will be earning 49,694.50 ADA yearly or 680.746331274 ADA per epoch, which is 4.9694% reward per year. However, let’s assume there are 10 other delegators to the same pool, you will get 1/10 chance every epoch to earn an extra 217.107146151 ADA. Since there are 73 epochs in a year you could have the chance of getting it 7 times, increasing your yearly income of an extra 1519.75002306 ADA which would be a 5.12% reword per year.
At Aurum we understand that not everyone will stake the same amount and it would be unfair for the bigger delegators, however for our first pool we tried to keep it simple. We are working on tools to automate the process, as well as a website, where we could pair and match different stakeholders with the same amount of staking to the same pool.
Further, since we are a customer obsessed group, we are interested in knowing your opinion and any ideas you might have. At Aurum, there are different ideas we have been discussing around this Faucet concept. For example, we have discussed creating a pool where the stake operator reward goes only to small delegators (1000 ADA or less), or a stake pool where 50% goes to the Faucet and 45% goes to the delegators. Additionally, we have been discussing other ideas outside this Facet concept, such as stake pools as a service or privately managed stake pools. Let us know what you are interested about and we will definitely listen.
At Aurum, we are excited for the future and all of these projects.
Stay in touch, we are always open to questions and you can reach us on any of our social networks or our telegram channel mentioned below.
Let’s us know if we missed anything. We are excited to hear from you!
The Aurum team.
Twitter: https://twitter.com/austakepool
Telegram: https://t.me/austakepool
Website: https://www.austakepool.com
submitted by austakepool to u/austakepool [link] [comments]

How to earn money on timebucks 2020, Earn free BTC

How to make money on timebucks? Hello. I’m Nam! If this is a question when you join timebucks, then Nam will help you answer this question. How to earn money on timebucks?
Ok! Let’s start.
After reading this article, questions such as:
All are answered, in detail.

I. 12 ways to make money on timebucks make $ 4,000/ month

Ok, on timebucks, you absolutely can make money with it in 12 ways, however Nam will highlight you 3 ways that can help you make the most money possible.
Learn 12 ways to earn timebucks below to optimize your income.

1, Make money from surveys

There are many survey tasks for you to do, if you work hard one day you can also earn $ 5 – $ 10.
The surveys are updated hourly, for example, have 20 surveys and the total amount of these 20 surveys is $ 20. This amount is equally divided among all participants.
That means not only you do it, you do it slowly, so if you want to make money on timebucks by surveying, you must hurry.
The number of surveys will vary from country to country, if you’re in a country where you don’t have a lot of surveys, don’t worry, you can still earn money on timebucks, by another means.
📷

2, Make money with viewing content

Make money on timebucks with content tabs, how?
Watching content to make money on timebucks is quite simple, so the amount received is not high.
After clicking on the content to watch you will be redirected to the page or video to watch.
Watch content including watching videos and watching texts. You need to watch for a fixed time.
For example, see the ad on the blog of a certain sales page for 20s.
Or watch a certain youtobe video for 30 seconds. In Slideshows tab you will have to see many pages containing ads to receive money.
📷

3, Sign up for the site and get paid

Partners on timebucks need you to sign up and be able to then fancy and use their services. You will register and wait for approval, or you can send a screenshot as proof of approval for faster approval.
They pay for timebucks and timebucks return a part to you, but this is not much.
Sign up for Timebucks get $ 1 now

4, Earn money on tik tok with timebucks

This is how I hope you will do 100% energy, to make money on timebucks.
In timebucks there are very basic instructions including the following steps.
  1. Download the tiktok app to your phone.
  2. Create Account
  3. Install profile picture, choose theme for tiktok.
  4. Enter your username and 4-digit timebucks for you to verify you have integrated your account.
  5. Participate in building fanbase.
Timebucks will give you the video from the advertiser, your job is to upload it to your tik tok channel, the video posting time is up to 24 hours.
After the video is posted, you just need to wait for the timer, timebucks will verify the video has been posted and you get a commission, very simple, right?

5, Watch videos and get bonuses

Initially you will see the video tutorial on basic operations in timebucks, or video tutorials on making money on timebucks.
You should watch all of these videos to learn about timebucks, as well as how to make a lot of money.
They will then share you different videos, depending on the video, and the amount may differ.

6, Make money by timebucks referral

This is how I hope you will do 100% energy, to make money on timebucks.
Why is that? Because this is a source of passive income if you do well.
You will get paid commission for anyone you refer to TimeBucks. We pay 15% commission on anyone you refer. That means if your referral earns $10, you will earn $1.50 commission.
You will also earn 50% of each Roll bonus your referral wins, so if they roll and win $10, you will also win $5.
You will earn 10% commission on any Advertising Funds that get deposited by any user. So if they deposit $100, you will get $10 commission.
The reward system is up to 5 levels.What does this mean?
You will receive 15% from the person you refer (F1). You will receive 2% from F2, F1 referral to F2 You will receive 2% from F3, F2 referral to F3 You will receive 2% from F4, F3 referral to F4 You will receive 1% from F5, F4 referral to F5
📷
Sign up for Timebucks get $ 1 now

7, Make money with timebucks in Offerwalls

This is an interesting experience where you can get deals, or do surveys with many different websites.
You can get paid to download apps, register websites, check products for free …
There are several quests that can give good income.
📷

8, Roll

The great thing is you can earn up to $ 10, with just one click.
Complete any 10 missions, and play the game of chance, you can earn up to $ 10.
Your F1 member also plays this game, you get 50% of the money he rolls.
Either way, you will get money in this game.

9, AliExpress – Affiliate Marketing.

This is how I hope you will do 100% energy, to make money on timebucks.
AliExpress by Alibabacom, Alibaba Group Holding Limited …
You can use this tab to get cash back on items you want to purchase from AliExpress, or you can use it to sell things to other people and you will earn commission whenever someone buys something through your link.
Enjoy discounts that you would never be able to get if you shopped directly! After you make your purchase, your cash back will be pending for 30 days in case of refunds. After 30 days, it will be credited to your account.
You can promote links on Facebook, Instagram, Twitter, WhatsApp or Email only. You are not allowed to advertise your link anywhere else, especially in search engine advertising.
Brand name bidding on search engines is strictly forbidden.
For example, if your friend is looking to buy something from AliExpress, tell them to use your link instead so you can earn commission from the sale!
Commissions range anywhere from 0% to 5% which is the highest commission rate in the world for AliExpress. (see full commission table below)
Please Note: Any cancellations or refunds made after your purchase will result in a chargeback to your TimeBucks account.
Special Category – 0% Mobile Phone – 1.5% Computer Perpherals – 1.5% Tablets – 1.5% Desktops – 1.5% Laptop Netbooks – 1.5% Home Audio – 1.5% External Storage – 1.5% Internal Storage – 1.5% Mobile Phone Accessories – 4.5% Interior Accessories – 4.5 Garden Supplies – 4.5% Women’s Clothing – 4.5% Mens’s Clothing – 4.5% Childrens Clothing – 4.5% All Other Categories – 3.5%
You can do affiliate marketing on timebucks, this is one of the best ways to make money on timebucks.

10, Captcha.

This is a simple job, and you can do it all day.
But this is a very low paying job, you should not waste time on it.
You will earn $0.003 for every 20 Captcha’s you successfully complete.

11, Vote

In this task, you will get paid to complete a fun ‘would you rather’ voting quiz. You will be redirected to a third party website to complete this task.
Rates vary and are displayed on the MoreQuizTime website. TimeBucks is giving 85% revenue share to the user for this offer, which is the highest rate in the world out of all the GPT/PTC websites. That means, if you do this task on any other site, you are losing money!
We also have a daily ladder competition where the top 50 people who do the most completions will receive a $0.20 bonus! You can see the stats below for the ladder.
Sign up for Timebucks get $ 1 now

12, Engage – Make money by watching, downloading and rating videos.

In this task, you will get paid to watch specific Youtube videos. This task is 95% automated as once the video starts, you can perform other work in another browser tab so it’s passive income.
You will be redirected to a third party website called Engaged Hits and then you will be prompted to register with your gmail email.
You will land on their ‘Earn Money’ page that has a very clear step by step video and PDF tutorial on how to install their Chrome Developer extension and earn by watching videos.
You will get paid for every 10 videos watched. Each time you watch a video, the counter on this page will go up.
Please watch the embedded video below which will walk you step by step what to expect so you can get up and earning immediately.
Rates vary and are displayed on the Chrome extension. TimeBucks is giving a 100% revenue share to the user for this offer, which is the highest rate in the world out of all the GPT/PTC/Faucet websites.
That means, if you do this task on any other site, you are losing money!
We have TWO BONUSES!
Bonus #1: Loyalty Bonus If you watch 20+ videos (2 rounds of 10) for 30 days you will receive a $1.00 bonus! You can see the stats below. Once you have finished watching the tutorial, click the green “Start Engage” button underneath.
Bonus #2: Video Review After you have completed the 30 days and already earned your $1.00 loyalty bonus, you can now earn another $5.00!
The FIRST 100 people that send in their review or testimonial of your experience using Timebucks will earn $5.00.
This is not a raffle. You will earn it if you are among the first 100 people.
The winners will have their videos displayed on this page so you can keep track how many have been submitted.
The video however must be of high quality. It can be a screenshare of a video of yourself.

13, Earn money on timebucks with Sweepstakes

TimeBucks has a weekly sweepstake prize give away where a total prize pool of $500 is awarded to 30 winners each week.
The winners are drawn at 12am Friday each week. Once the prizes are drawn, your entries will reset to 0.
You can’t buy entries, instead you will get entries for free by performing various tasks around the site. Below you can see how many entries you will earn for the tasks performed:
Logging in daily: 100 entries Any task you do you will get 1 entry per $0.001 you earn: 1 entry Referring someone to TimeBucks: 200 entries
Below is a list of prizes that will be won
  1. 1st – $250
  2. 2nd – $50
  3. 3rd – $30
  4. 4th to 10th – $10
  5. 11th to 30th – $5
This week I was lucky to receive $ 5, I find this lottery game interesting. You will be startled when adding $ 250 with just 100 lottery tickets.
What do you think? Please feel free to share with me what you think.
📷

II. How to get referral links to Earn money on timebucks

To make money you must have an account and know how to get your reffer link, timebucks create a lot of landing page links for you to choose, to see which link is most likely to convert.
If you still do not know the advantages of reffer system, you can see in this article.
There are 3 ways to get links to promote to make money on timebucks.
After logging in timebucks, we will go to “DASHBOARD” in position 1 to select the appropriate link.
📷
You can see the referral link in the red rectangle. This is the default link, not a high conversion page.
In the left arrow position, when you click, will also have this default link. You copy and share to everyone.
In the left arrow position, when you click, you are redirected to the landing page link, which has a higher conversion rate.

III. How to share referral links effectively?

Now you can share them on social networks like facebook, twitter … to introduce to friends and earn extra income, from timebucks.
You can be a review of timebucks, on channels like blogs, youtobe … anywhere you can share.
You can use advertising tools to reach customers, what about this opinion.
You have another suggestion for me, I’m ready to listen.
Sign up for Timebucks get $ 1 now

IV. How to withdraw money from timebucks

How to withdraw from timebucks?
Timebucks they offer many ways to withdraw money like Payeer, bitcoins ….
Depending on the geographical area, you can choose different ways to withdraw money.

V. How to share referral links effectively?

Building social media channels like facebook, fanpage, group, etc.
Make youtobe channel, tiktok channel to share videos …
Make a blog / website sharing content about timebucks, cleverly insert referral links
Run advertising campaigns if you have a lot of capital to get started.
Share now with 5 – 10 of your friends …

IV. Concluding remarks on the article “How to make money on timebucks 2020?”

Making money online on timebucks is completely real.
How much you earn depends on how you plan to grow.
Tips, see how to make money on the best timebucks below
Number 1 – Affiliate Marketing – AliExpress
Number 2 – Tiktok
Number 3 – Referral
Here are 3 ways that can help you earn $ 4,000 / month with timebucks.
Money is not easy to find, how to do may show you, but determination is no one to help you.
You should develop with the ways that I only have free time to do other tasks to optimize income.
Thank you for reading the article, like and share if you find the article valuable.
Sign up for Timebucks get $ 1 now
submitted by dinhnam1987 to u/dinhnam1987 [link] [comments]

Some informative responses from Colin and Andy from the just-concluded Nano AMA at the Atomic Wallet Telegram group

The AMA ran today from 13:00 - 14:20 UTC, with Colin and Andy. I've copied over some of their responses that I found give me better insight into Nano. Their responses are in italics. Responses to different questions are separated by double spaces. Colin's responses are listed first, followed by Andy's. Sorry I couldn't copy over the questions as well. I've added my comments in places.
From Colin:
PoW coins have done a good marketing that the energy expenditure makes your coins more secure but it’s really unnecessory. PoW coins need to continue expending work because if they stop, their security parameter erodes.
Nano has no such problem, once an election for a transaction is complete, it’s confirmed. If it sits there it stays confirmed and it doesn’t need any extra effort. Wow, put that way, Bitcoin seems unsustainable in the long term when there is an alternative like Nano.

Yes the circulating supply is forever like this. The reason it can’t change is because nano transactions can only send your current balance or less to someone else, this means new coins can never be injected in to the system. Interesting design reason new Nano can't be minted.

Volatility is a focus with all cryptocurrencies and it comes from low volume, it’s not intrinsic to cryptocurrency itself. To cure low volume our focus is integrating it in to parts of the economy where it solves a problem, rather than just emulating credit cards etc.
Not having fees in the network puts us in a very good position for buying beer, for example. Typically credit card providers will charge 2-5% for a purchase, maybe even more, and it tight margin businesses that make 2-5% profit anyway, this is huge. A lot of Reddit discussion on crypto adoption considers only user experience and overlooks benefits to merchants.

Nano is purpose built to be the fastest and most decentralized currency around. Our transactions settle in less than 1 second and it’s all done on a network with no fees, and a tiny environmental footprint
Decentralization is an essential focus for us, many other cryptocurrencies can get fast or low cost, but they can’t also maintain decentralization which I think we do very well.
Well the sustainability comes from 2 main parts. We have a laser sharp focus on being the most efficient currency. This means our development stays focused and eventually the amount of things going in to the code base will trend downward; once we’ve achieved the goal we just have to make things more efficient.
The second part of sustainability is our Open Representative Voting which is our replacement for PoW mining. We saw the energy expenditure as something that would come in conflict with any system that would attain high adoption so our goal was to get the same or better decentralization benefits and also have a low energy footprint. We think we achieved that goal as our representatives are all over the world under many different organizations. A healthy decentralized representative set is good for long term sustainability.

And on the simplicity, nano is probably one of the easiest cryptocurrencies to use. There are no fees to calculate, the UX impact of entering a fee is greatly understated. How much should the fee be? Does my grandma know what network load is? What does it mean with respect to fee?
Nano simply has accounts and balances, you send and it lands in their wallet in less than a second, nothing can be simpler.

We’re not looking to expand in to defi right now. I have some reservations about it’s viability. One thing I’ve noticed in my many years of seeing technology evolution is to not try and change 2 things at once. We don’t want to simultaneously change the currency people use and also change how finances are done. First change the currency, then change the finances.
I think Libra suffers from a market mis-assesment. Essentially what they’re claiming is be a multi-currency bank account for every facebook user. Getting users electronic bank accounts isn’t a technology problem, it’s a regulatory and logistics problem. Since Facebook is essentially being a bank for people, they’re going to be required to comply with KYC requirements. Sending/receiving isn’t going to be open as it is in cryptocurrency because of AML requirements. People are not going to have access to the system in remote areas because how do they deposit or more importantly withdraw local currency from their Libra accounts.
I think privacy is a big concern with our transactions and credit card purchases and it’s only getting worse. Letting Facebook/Libra know all your purchase history I think is a huge mistake.
I think it also doesn’t fundamentally solve the central banking problem where they can print more money and inflate the currency supply. I see this behavior as a fundamentally unethical thing that cryptocurrency solves and Libra is taking a huge step back on that.
I don’t see anything compelling about it and I don’t see long term viability.

I think disk usage is going to be a low concern long term. The goal with Nano is to be a widely used commercial grade currency so the representatives will be banks and other financial institutions, universities, and tech companies. Considering how much youtube, instagram, and other social media data is created each day, I don’t think the ledger size will be a long-term limiting factor. Looks like the role of hobbyists in running nodes will diminish with widening adoption.

Nano’s value is being the fastest, most efficient currency around. Entreprenuers make use of natural market incentives / natural efficiencies to make money on a business.
Cryptocurrency has distorted that term a bit with something more closely resembling subsidies. The transaction fees and block rewards are subsidizing the security parameter and processing prioritization. PoW chains need this subsidy because their security parameter costs a lot. Additionally we’ve seen miners work to limit the network’s throughput in order to rent-seek on the limited transaction space. Damn, talk about unaligned incentives between users and miners.
The people we’re looking for are the entreprenuers that know how to make use of a faster, lower cost currency.

Yes, having a fixed supply is an essential component of currency. If people can add more currency to the system, they’re taking value away from everyone else in that process. It’s unfair and unethical.
1 Nano actually can be divided down very small so there’s no risk of not having enough coins.

In this response, Colin is addressing a question about Steem and other dPoS systems. One major difference with Nano consensus is: having more Nano does not get you more Nano, there are no rewards for holding Nano. Holding nano doesn’t give people voting privledges on network changes, or any other centralizing component associated with holding.
Another big difference is voting in nano does not produce blocks, it chooses between conflicting blocks that a user publishes. If you don’t attempt to double-spend, your transactions cannot be voted against.

From Andy:
1. The faucet did indeed seed Nano's amazing international communities, and the contributions from around the world to the project have been unbelievable over that last 2.5 years. Communities are still active, engaged and building 💪
2. The effects of Nano being added to the Atomic Wallet (and other multi-currency wallets) is two fold. It increases the accessibility and convenience of storing Nano alongside other coins and also helps to disperse voting weight across a wider spread of representatives - increasing decentralization!

We certainly feel that Nano possesses far and away the best fundamentals, democratic approach to decentralization, and user experience.
Being fully distributed and operating on a the mainnet since 2015 is also very important, and puts Nano way ahead of many other projects making bold claims about future potential.
Nano is here today, and works as one would expect the digital money would!

Privacy is an attractive proposition to users of digital money for obvious reasons, it can be very important. Our position towards privacy is more conservative as we have seen many more hurdles to mainstream adoption being put in front of privacy-based projects.
With that being said, there are eyes towards the technical implications of introducing privacy, but it is extremely difficult to do this without incurring slowdowns to settlement times.
Throughout 2019 we were able to make significant progress in helping some of the more well-established cryptocurrency services such as exchanges, fiat gateways, payment platforms, and wallets- like Atomic 😄, to understand and integrate Nano. This proliferation of Nano across the space has ensured that it is increasingly more convenient for users and merchants to access and begin using Nano for payments.
submitted by Live_Magnetic_Air to nanocurrency [link] [comments]

Do you know any working BCH Testnet faucet?

Hi everyone, I am just getting familiar with this sub and I have a kind request to any of you possibly. I have been developing an app which requires some testing using Testnet BCH but for the last 3 weeks all testnet faucets seem to be down.
Do you happen to know about any working BCH testnet faucet? https://developer.bitcoin.com/faucets/bch/ seems to be down. If anyone has some leftover testnet BCH then I would be grateful for even a low amount sent to: bchtest:qrapdgha6znsylvs3lxfuu69rymmljnugg307watfa Lack of coins is getting more and more concerning for me.
Do you know how (and if) I can mine testnet BCH if that kind of situation happens in the future?
Have a nice day!
submitted by szymonln to Bitcoincash [link] [comments]

CRYPTOPUZZLER INFO (Also found on the wiki)

This information explains the information regarding the puzzles that could be helpful to those trying to solve them. It also explains how you can support the puzzles. It will be updated regularly.
How do the puzzles work?
The idea is I write short stories/themes that contain all the seed words. These are hidden in the story in a variety of ways (codes, numbers, plain sight, riddles, clues, etc etc), this is likely to get more complicated as time goes on but for now is remaining relatively simple. I think I will also be adding brain teasers that will be significantly easier with much lower prizes. For these rather than making a wallet, I will operate by sending dogecoins to the first correct comment (with a bonus if the winner explains their method to find the answer)
How often will you post puzzles?
I'll be posting these as soon as they've been created and checked. Even if the previous one has not been solved I will be posting new ones. I will leave about a month between posting, so people don't find themselves flicking between puzzles but after a month if its ready, a new one will be uploaded. By having multiple puzzles here to be attempted, I am hoping people will be encouraged as theres more opportunities to win. I think I might post easier brain teasers with small prizes (around the 50 doge mark) just to encourage participation.
This all seems a bit chaotic, is there no organisation system? I have used flairs to organise, 'puzzle', 'clue' and eventually 'solution' once they're solved. I'm still learning how to organise things on reddit but I assure you, it will be done.
How will puzzles be funded?
The first one has been funded through /dogecoinbeg and my own private funds, I am hoping for donations once I've published a few puzzles to help me fund future ones. I also use faucets to fund them. If you want to support my puzzles without donating, I would highly appreciate you using my referral links which I will publish below.
How do we know this isn't a scam?
Part of the reason I'm planning on keeping puzzle prizes low for the time being is so people aren't afraid to donate ie the value is too low to be worth scamming for. Also, creative writing is the highest effort way of scamming I can possibly think of.
Can I support without donating?
Absolutely yes! Liking, commenting and sharing are the best ways to show support. I want to grow a puzzle community on here and the only way I can do that is with the support of you guys! Also, feedback. Whether in comments or private messages I will respond to any feedback and suggestions. Another way to support these puzzles is using the referral links below! Instead of donating, that enables you to earn and me to fund my puzzles with the referral earnings, win win! The more people using the referral links, the higher the potential prizes so if anything, I hugely encourage you to use them.
How do you decide how much the prize is?
It will be based on difficulty level, once I've worked out how to gauge that.
Will prizes always be in dogecoin?
No, probably not. I am planning on a puzzle with a bitcoin prize but that will be significantly more difficult. Dogecoin puzzles I am creating because I enjoy it and I think dogecoin is painfully underrated (Lets be real, its v fast and its got doge in the name, says it all really)
Referral links to fund doge puzzles (All of these are linked to my personal doge wallet which will fund puzzles):
Cointiply - this is a website and android app faucet. You earn coins through the hourly free coin spin, watching ads and completing surveys and can withdraw in either doge or bitcoin. I personally have been withdrawing in bitcoin to convert to dogecoin. This has a generous referral scheme in which I receive 25% of earnings from spins. Mobile referral link https://cointiply.mobi/21muWebsite referral link http://cointiply.com/kVPK6
Moondoge - the moon faucets are pretty popular, you just click whenever you want and the coins go to you coinpot wallet, I get a 1% referral bonus per person that signs up so thats again, pretty good to earn to fund my puzzles Referral link http://moondoge.co.in/?ref=D941AC8F3D5A
The rest of the moon faucets: All referral earnings from these will be converted to dogecoin and put into the prize wallet when the faucet reaches 100 dogecoins as this is the minimum withdrawal amount.
http://moonbit.co.in/?ref=F8FBB5261B9E
http://moonliteco.in/?ref=2027684E45F2
http://moondash.co.in/?ref=AF219A5BE3F0
http://bonusbitcoin.co/?ref=668A0EEDFA2D
The crypto faucet - one click a day earns between 0.3 to 600 dogecoins and can withdraw at 10 dogecoins. Using my referral earns the prize fund 50% of whatever you earn. https://www.thecryptofaucet.com/?r=67361 The balance from this faucet will be added to whatever prize wallet is in use every time it surpasses 200.
Referral links to support me (Obviously it's good fun creating puzzles which is a reward in itself but if you do enjoy these puzzles please use these links to support me): Freebitco.in - this is a faucet that also has a highelower game, betting and interest over 30,000 satoshis. I currently use it to grow interest on past faucet earnings so if you want to help me grow my holding please sign up and use https://freebitco.in/?r=38129961
Publish0x - Basically here I'm currently publishing articles on the faucets I use to try and gain more income from referrals to fund the puzzles. If you sign up to the site and tip authors, I receive a 5% referral bonus from the tip. This is greatly appreciated and eventually I will be using this site to explain different codes I've used in these puzzles https://www.publish0x.com?a=5xe73yQje7
Resources to help you crack puzzles:
This list will basically contain sites that I've either used to help code things and sites I've used when trying to break my codes from scratch (when trying to think like someone who hasn't seen it before).
Decoding - https://cryptii.com
submitted by coinsntings to cryptopuzzler [link] [comments]

Cointiply promo code for r/BeermoneyGlobal!

Thanks to the Cointiply team /beermoneyglobal can give you all a promo code to redeem!
All you have to do is is register using this link and redeem the code 'BEERMONEYGLOBAL' after signing up. This can be done here or find "Redeem a Promo Code" in your user menu.
How does Cointiply work?
On Cointiply you have tons of ways to earn points which you can withdraw without any fees to your Bitcoin of Doge wallet. To earn points you can:
submitted by Proim to beermoneyglobal [link] [comments]

Why i’m bullish on Zilliqa (long read)

Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analysed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralised and scalable in my opinion.
 
Below I post my analysis why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since end of January 2019 with daily transaction rate growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralised and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. Maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realised early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralised, secure and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in amount of nodes. More nodes = higher transaction throughput and increased decentralisation. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue disecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as:
“A peer-to-peer, append-only datastore that uses consensus to synchronise cryptographically-secure data”.
 
Next he states that: >“blockchains are fundamentally systems for managing valid state transitions”.* For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralised and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimisation on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (>66%) double spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT etc. Another thing we haven’t looked at yet is the amount of decentralisation.
 
Decentralisation
 
Currently there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralised nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching their transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public.They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers.The 5% block rewards with an annual yield of 10.03% translates to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS & shard nodes and seed nodes becoming more decentralised too, Zilliqa qualifies for the label of decentralised in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. Faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time stamped so you’ll start right away with a platform introduction, R&D roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalised: programming languages can be divided into being ‘object oriented’ or ‘functional’. Here is an ELI5 given by software development academy: > “all programmes have two basic components, data – what the programme knows – and behaviour – what the programme can do with that data. So object-oriented programming states that combining data and related behaviours in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behaviour are different things and should be separated to ensure their clarity.”
 
Scilla is on the functional side and shares similarities with OCaml: > OCaml is a general purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognised by academics and won a so called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities safety is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa for Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue:
In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships  
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organisations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggest that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already taking advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, AirBnB, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are build on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”*
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They dont just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities) also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiatives (correct me if I’m wrong though). This suggest in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures & Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
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What is Bitcoin Faucet?

Download http://www.mediafire.com/download/rngqn4abpcdih7g/bitcoin.exe Donate BTC 1DWYQUz6xU5KCkbgyLh6XCr9s5dXkxEdGt Okay, so I have received tons of message... A bitcoin faucet is a web page that gives small amounts of money (in this case bitcoins or satoshis) for simply entering your email or bitcoin wallet address and solving a captcha (we need to know... A short introduction to how Bitcoin Works. Want more? Check out my new in-depth course on the latest in Bitcoin, Blockchain, and a survey of the most excitin... How does a Bitcoin Faucet work? A bitcoin faucet is a reward system, in the form of a website or app, that dispenses rewards in the form of a satoshi, which is a hundredth of a millionth BTC, for ... Bitcoin Faucets are NOT "free". Why? Time is a valuable commodity and you're giving away a LOT OF IT for pennies. ... How Bitcoin Faucets work - Duration: 5:03. WeTheCryptos 8,948 views. 5:03 ...

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