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What happened to Web UI Problem : Verify failed When will the amount of BNB How to vote NPXS for Binance to honor Eis Airdrops!

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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!
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Is Binance a clear sign that Brave is losing its way?

Brave has been sold on two features (a) It is a browser that prevents ads and tracking by advertisers and (b) It provides a mechanism to allow us to conveniently make micropayments to the websites we visit regularly in lieu of seeing ads / being tracked.
I've been using / experimenting with Brave since it first appeared. There's been lots of good stuff - the ad blocking just works and no other browser makes setting site level tracking blocks and permissions so easy (using Brave Shields). And to date I have trusted Brave when it says that it has dealt with other privacy related issues in a manner that favoured us, the users.
The micropayments to sites has been more of a mixed bag. It more or less works, and there have been improvements in concerns I had, such as proper accounting of BAT that I receive and spend. I have always wondered why a new cryptocurrency was chosen instead of cash for micropayments, especially since it meant that using Brave Rewards required wading into the complexity of cryptocurrency when all I wanted to do was pay the nice people who make my favourite websites. But still - early days and experimentation, I thought. Let's see where this goes.
In recent months, Brave is finally starting to move strongly on unobtrusive advertising. It works - I consider the ads fairly unobtrusive and instead of the obscure cryptocurrency ads that first appeared, I'm starting to get more mainstream ads from places like Amazon and Newegg in the last 2-3 weeks. Someone in advertising was doing a good job of pushing Brave from the fringe into becoming a mainstream browser.
But then I started to get ads for Brave swag. And these are in exceedingly poor taste. Hijacking the ad system to push Brave's own wares feels like perversion of the concept that Brave sold of how Brave ads would work.
If I was told that I would be using a browser that blocked ads but did so because the browser was instead sending me ads that sold their gear, I would consider it an underhanded tactic and refuse to use the browser. Brave might be following the letter of their ad system when they push their own ads, but they certainly aren't living up to the concept that was sold to all of us early adopters.
Then Brave added ads to the New Tab page. A bit pushy, but it is still ads and at least that option that could be turned off (though the boy with the apple was really creepy).
The Binance thing though, pushes past acceptable. The Binance ad offers nothing by way of making the Brave Browser more private, and by introducing a private entity into the very fabric of Brave (Binance ads can only be opted out using a Binance specific Brave Settings option), Brave has broken the promise that the browser would seek the interest of us users first.
There was no reason that Binance could not have been offered as a regular ad or pushed on Brave's blog or become a recommendation by Brave. Instead here we are having to go into Brave Setting to opt out of an ad that specifically mentions one company. One wonders if this is the start of where Brave is now heading and whether the users are being pushed into the background in order to serve more ads.
More worrying, if Brave can place Binance outside of the standard mechanisms for serving ads, then one has to wonder what other hooks Brave has given Bincance within the Brave browser. Maybe Brave is being the good guy, but I am deeply uneasy.
While I'm here, let me grumble about Brave Rewards.
I'd really like it if more effort was made in making it easier to get money from me to the nice people whose websites I visit.
Judging from Brave Rewards for Apr 2020, I made about 25BAT looking at ads. But this number is too low - I'd rather pay out more to websites and content providers. Unfortunately, I can't. Uphold's verification system failed to verify me (although other banking sites were fine with my IDs) and I can't use Uphold to move funds from my credit card to my Brave BAT account and there is no option except Uphold.
This is a huge problem. There are lots of good browser / ad-blocker combinations out there. Brave is unique only in that it offers a convenient and fairer mechanism to pay websites for viewing them. If this fails (and it is failing for me), then there isn't much advantage to using Brave.
I suspect that part of all the problems is that Brave is building the future. Unfortunately, what's missing is the middle piece between here and there, and in order for Brave to keep users like me, it is going to have to help us out.
I'd like to suggest that in addition to crypto wallets, it would be nice to build directly into the browser a mechanism to convert credit card payments into BAT. I'd also like to suggest that Brave have multiple providers, so that people like me who are royally annoyed with Uphold have an alternative choice.
And importantly, be careful with the ads like Binance's. Brave is awfully close to the line where it stops being the solution and starts becoming part of the problem.
submitted by jinnah131313 to brave_browser [link] [comments]

$MTXLT — The Fuel For Private DeFi

Call courtesy of facemeltersmicros on telegram
T.me/facemeltersmicros
Circ Supply: 47,844 Total Supply : 900,000
Price $47 Market Cap $2.2m
https://coinmarketcap.com/currencies/tixl/
Buy on probit exchange (liquidity is here) & Binance Dex
MTXLT (later TXL) is the native token of the Private DeFi Platform called Autobahn Network. It can be transferred through the network with zero-fees, reflecting the best features of today's cash.
What is Private DeFi?
Privacy should be fundamental in financial transactions. However, many existing DeFi platforms, such as Ethereum for example, fail to fulfil this criterion – either partly or completely. The Autobahn Network is one of the first of its kind to truly support private DeFi.
What is DeFi about the Autobahn Network?
The Autobahn Network will initially focus on the areas of asset tokenisation and providing a second-layer platform for existing assets on other chains. This will provide the foundation for offering further DeFi use cases in the future. The current focus is on the launch of Alphanet, which will be the first production release of the Autobahn Network.
The Autobahn Network is a decentralized next-generation, second-layer solution for digital assets. It provides the ability to use any cryptocurrency, including Bitcoin, as an efficient & effective means of world payment.
The Autobahn Network employs the most sophisticated technologies to have emerged from the blockchain world over recent years to build a decentralized network, tailored for payments. Bitcoin, and other digital assets, can be sent to the Autobahn Network. Once they are in the network they can then be transferred quickly, privately and with low transaction fees.
HOW DOES IT WORK?
• Send BTC to the Autobahn Network Gateway • The decentralized nodes hold your BTC via a Threshold Signature Scheme (TSS) • Transfer BTC within the network as often as you like • Withdraw BTC to the main blockchain, if you plan to hold it there • The decentralized nodes release your BTC via TSS
To fully appreciate high-speed, you have to experience it yourself. They have developed a fully working Testnet especially for this purpose:
https://autobahn.network/testnet
The Autobahn Network is developed by the non-profit company - Tixl gGmbH, based in Hamburg (Germany). Tixl raised seed capital of USD $1,250,000 in early 2019 by selling the Tixl Token (MTXLT) to retail investors.
Tech behind the Autobahn
https://medium.com/tixlcurrency/the-technology-behind-the-autobahn-network-81fdecf41c20
Most of the time the bottleneck is the consensus. Tixl use their own implementation of the Stellar Consensus Protocol (SCP). Since SCP is known to establish consensus within a few seconds, even if there are some more conflicting transactions, nodes will still be able to reach consensus quickly. It’s also known that SCP can deal with high transaction volumes. Although there is no verified statement from the Stellar foundation, there are rumors that SCP can handle 10,000 transactions per second in certain network constellations
Project milestones and key links
In the future:
Find more details on these events in the medium article released today
https://link.medium.com/qXfp3zjM57
WHY TIXL?
A number of different concepts for improving Bitcoin and the transfer of digital assets in general have been developed, with the ultimate goal of achieving fast and cheap transactions, or to provide privacy. The Tixl Token on the Autobahn Network provides a perfect combination of them all.
REVENUE STREAMS
Transaction Fees
Transactions in the Autobahn Network will be cheap but not completely free. Fees will be paid using in the currency of the asset being transfered. The revenue will then be used to purchase MTXLT on the open market. As a result, fees are indirectly paid in MTXLT.
Listing Fees
As soon as the Autobahn Network gains adoption, it will become a sought-after platform for other assets. A (monthly) listing fee, to be paid in MTXLT, will also serve to increase the public demand for MTXLT.
Additional Services
Besides the obvious sources of revenue, other features - like the purchase of nicknames - can also be used to generate revenue.
Social media buzz
Ivan on Tech about Tixl in "TOP ALTCOINS 2020 - Programmer explains"
https://youtu.be/ynyvwZetb8s
Something different?
Tixl global reserve has been developed to provide extra confidence to investors. Read more here:
https://medium.com/tixlcurrency/tixl-global-reserve-tgr-update-c59bee09c66d
Other questions
Do I need TXL to send and receive BTC and other third-party assets?
To ensure the greatest usability, they decided against using TXL directly as "fuel" because it would provide an obstacle to use if you had to buy TXL before you are able to transfer BTC, or other digital assets. The same issue has attracted criticism from users of other networks that support different assets. As a solution, they settled on the idea of allowing transaction fees for certain assets (for example, BTC) to be paid in their native currency. One can send BTC through the Autobahn Network without having to purchase TXL and pay much lower fees than you would on the Bitcoin blockchain itself.
How is Autobahn Network secured by Bitcoin?
To increase the decentralization of Autobahn Network, a hash representing the current state of the Autobahn Network ledger will be written onto the Bitcoin blockchain regularly. In doing so, the Autobahn Network will increase its trust level by leveraging the most secure and immutable blockchain in the world.
submitted by therealfacemelter to CryptoMoonShots [link] [comments]

How to get old binance.com account verified if I'm in U.S.?

I have an old account on binance.com. I tried to verify but it failed because I am in the US. I cannot withdraw from the account. Is there some way to migrate it to be on binance.us so I can verify my identity? Binance Support has not been helpful.
Thanks
submitted by joeker66 to binance [link] [comments]

Nano Fantasy NFL 2020

Hi all,
After very successful 2018 and 2019 seasons, Copernikaus and I are looking for two more players to fill the 2020 Nano Fantasy NFL League. First in best dressed, so join up today if you think you have what it takes!
Cheers,
CMS
 

NANO EUROPE ALPHA LEAGUE

League info link
Invite link to join the league
 
League Details
 
General Rules :
  1. We're here to have fun, so I encourage general smack talk and open mocking of people's trades in the league's private Slack channel; however incivility will not be tolerated.
  2. Collusion will not be tolerated. The Commissioner's rulings are final; trade intervention will only occur in extreme cases, and not if it's just a case of someone screwing you for a very good deal in a trade.
  3. Disclaimer: Yes, you are depositing your buy-in at your own risk. In case of a hack, hurricane, or hell freezing over, you’re just shit out of luck.
  4. Special rules for COVID-19 are in force this year.
 
Payment:
submitted by CallMeSobriquet to nanocurrency [link] [comments]

Binance scammed me 1516 USDT with unethical verification requests! Stay Away from this Scam Exchance!

**************************************************************EDIT from 04/24/20:
read directly here the latest discussion per Email with Symbiotic and the final stage of the BINANCE SCAM:Part 1:
https://www.reddit.com/Bitcoin/comments/g08w53/binance_scammed_me_1516_usdt_with_unethical/fodphld?utm_source=share&utm_medium=web2x
Part 2:
https://www.reddit.com/Bitcoin/comments/g08w53/binance_scammed_me_1516_usdt_with_unethical/fodskqw?utm_source=share&utm_medium=web2x
PART 3: https://www.reddit.com/Bitcoin/comments/g08w53/binance_scammed_me_1516_usdt_with_unethical/fodxud3?utm_source=share&utm_medium=web2x
***************************************************************
Following the discussion here with u/symbiotic_bnb on binance BinanceExchange
Please read the complete story here:
https://np.reddit.com/binance/comments/g01kig/binance_scammed_me_1516_usdt_with_unethical/
Then I'm replying to the official comment made here:https://np.reddit.com/binance/comments/g01kig/binance_scammed_me_1516_usdt_with_unethical/fn83ixw/
IThe reason why I'm giving more details here is that u/symbiotic_bnb banned me from their board so that I couldn't comment his reply and provide more information about the unethical requests made by their exchance binance
Here my answer:
Please feel free to spread the information. I will contact more media if they don't want to fix this.
---
Thanks u/symbiotic_bnb for having banned me from your board binance BinanceExchange. However I will reply on other boards to let everyone know about your abuse.
You wrote:
"Risk Control." This can mean many things, and most often it simply means that we have identified unusual activity on your account that may indicate a third-party has gained unauthorized access and withdrawals were suspended to protect your assets.
Nice. So I remember the steps done:
  1. Last year opened my Tier 0 account (Non verified, just Email, 2FA set)
  2. on same day deposited 0.21BTC
  3. 3-4 months later back, I login to my account from a new machine, but same country. I m asked to verify email, I receive code, login successully, same 2FA.
  4. I sell some of assets, then I withdraw you cancel it for "Risk control" and force me to upgrade my account??? why???? seriously???
If you dont want people to use Level 0 accounts (unverified with KYC, 2 BTC limit), then just don't offer that option!! force everyone from scratch to submit KYC. Simple!
Don't allow people to use the service, then randomly you force them to provide verification. We have a right of privacy !
And now if you force me to verify my account to be able to withdraw my funds, it's my right to choose HOW I verify it. Regardless if my son, brother or sister or whoever does it for me, its verified! End! Now I know you will call this "illegal" but what you are doing is as well illegal in this case! Don't try to find bs reasons for that behaviour.
Your forced me to verify my account, so my account has been verified, as my screenshot is showing. Don't create new reasons to keep my money by asking things I can't provide.
When you ask me to provide video recording of how I load btc in my account, 4 months back, how sick is this? It sounds for me as a torture to find ways to keep money of people. A kind of trap.
You comment:
Case in point: is there a particular reason why someone else attempted to KYC your account a day before your attempt? Typically, legitimate customers do not cycle through various individuals for their KYC attempts. It's interesting that you made no mention of this anywhere, given how obvious it is that this is cause for concern, especially considering that the other individual that submitted KYC for "your" account has been involved in malicious activity on our platform.
First, what do you mean here with "legitmate customer"?? I was using, as your system allows, an unverified account, which was more than enough for my needs. So what is then "legimate customer"?? So do you mean now, all your users who don't have level 2 verified accounts are not legtimate? interesting point...
Now about the verification which has been done after your "illegal" action to force me to upgrade the account to be able to access my account, only because I changed the machine.
Indeed 2 verifications have been done. The first verification has been rejected by Binance because the passport was not the latest updated passport of my country. Though the passport is still valid, binance verification rejected it. So what option did I have from that moment? I spoke with customer service and they couldn't help.
So what should I have done from that moment? Just abandon my hard earned money with binance for this? Even the drive license was rejected. It's a lot of money. So I asked my friend who had a newer passport to verify the account for me. And the account was verified successfully!
If you call this "illegal", then you are not different at all, you are exactly the same! You lock customers in a wheel while having their money, then forcing them to upgrade to level 2. This is illegal! Then you again you complain when the account is finally verified!
Next you start asking what customers can't provide to have a way to keep the money.
That said, Binance has no interest in "stealing" anything from any of its customers, but we surely aren't going to allow bad actors to freely operate on our platform. You may simply respond to the ticket from here forth.
really? so you are the good actor and I m the bad actor right? Congratulations! :-)
Sorry this does not give you the right to keep my coins. If so, it's simply called SCAM. You don't like me? No problem, give me my money, and close my account.
Don't find pretexts to keep the money for you.
Imagine that this exchange is doing this shit every day, randomly to customers, customers who don't want to provide their KYC (and it's their right! don't call them bad actor! You are Superman!) will simply abandon their money, do you know how many boost revenue is it for them? Nice way to make money u/symbiotic_bnb BinanceExchange
For any normal customer reading this, support is extremely busy due to recent market conditions and new interest pouring into the market and some tickets may take longer than intended to address, but that doesn't mean that there is any ill intent behind the delay. If you go an extended amount of time, such as 3+ days, with no response to your ticket, you may speak with the live support on our website and request an update.
Sorry but I have been patient enough! After I opened the ticket, your CS was fast enough to reply and make insane and unethical request. Since it has been 12 days, that I sent different emails, no response. Now you found better excuse! When you contact live support, they said "in few hours you will get answer".
If you are unable to provide anything that customer support asks for, all you need to do is respond to the ticket and explain what you are unable to provide and why you are unable to provide it. There are procedures in place for nearly every situation, support does not simply give up after the first step if a customer is unable to provide something that is not always guaranteed to be known.
Objection! I already replied, 12 days, no single answer from your team. What other option did I have?? See the screenshots I posted earlier, its clear enough!
Posting on Reddit is the last stop once all other options have failed. Keep in mind that you do not need to embellish or over-exaggerate your situation to get assistance. Simply be reasonable and you will receive the same in return.
Exactly! All other options to solve this issue directly with you have failed! I have to tell my story here. And see, you replied fast.... 12 days you / your CS didn't reply to my emails.
You asked me to be reasonable? I think I'm very reasonable. Treat well your customers and with respect if you want to get the same in return. Simple life's rule.
You can scam me if you want. I expect you to release my money and close my account. This is the correct way if your company is serious.
Bitcoin BinanceExchange CryptoCurrency CryptoCurrencyTrading CryptoScam CryptoScamAlert CryptoScamsVictims
EDIT: When I asked to u/symbiotic_bnb why they banned me from their board, see the answer:
The answer to every single on of your questions here is answered within my comment. People that come to our subreddit, over-exaggerate their situation, and spread FUD, especially by way of ridiculous conspiracy theories, are not welcome. Respond to the ticket as your were advised and we aill proceed accordingly with verifying the details of your case.
Screenshot: https://i.imgur.com/B1MYT0U.png
Very funny, so I m spreading "ridiculous conspiracy theories"?? wow very nice :-)
And they are asking me to respond to the ticket? lol how many times should I respond? I'm telling that I responded alredy 12 days ago, and sent many reminders, they simply ignored. very funnny lol
submitted by churgercold to Bitcoin [link] [comments]

BitcoinBCH.com accidentally publishes on-chain proof that they fake BCHs adoption metrics. Post to r/btc gets deleted and OP is now permanently banned.

Everybody who has posted this on btc has been banned according to modlog. Total of 9 users so far. Don't post this on btc or you will get banned. If you get banned comment on this thread or PM me.

May 2020:

According to btc modlogs, mc-78 has been banned because he questioned the April report with this comment.

According to btc modlogs, BCH4TW has been banned because he questioned the April report with this comment.

March 2020:

According to btc modlogs, bch4god has been banned because he questioned the February report with this comment.

According to btc modlogs, ISeeGregPeople has been banned because he linked to this thread in his comment.

February 2020:

According to btc modlogs, whene-is-satoshi has been banned because he linked to this thread in his comment.

January 2020:

According to btc modlogs, cryptokittykiller's post has been removed for linking to this thread.

According to btc modlogs, bashcalf has now been banned for linking to this thread.

According to btc modlogs, EnterLayer2 has now been banned for this post pointing out that this thread has reached 1000 upvotes.

This article was posted by bitcoinsatellite on btc here. Once it reached frontpage it got deleted and OP was banned from btc and bitcoincash as a result.

Disclaimer: I am not and have never been affiliated with any of the mentioned parties in a private or professional matter.
Presumably in an attempt to smear a local competitor, Hayden Otto inadvertently publishes irrefutable on-chain proof that he excluded non-BCH retail revenue to shape the "BCH #1 in Australia" narrative.
  • Scroll down to "Proof of exclusion" if you are tired of the drama recap.
  • Scroll down to "TLDR" if you want a summary.

Recap

In September 2019, BitcoinBCH.com started publishing so called monthly "reports" about crypto retail payments in Australia. They claimed that ~90% of Australia's crypto retail revenue is processed via their own HULA system and that ~92% of all crypto retail revenue happens in BCH.
They are aggregating two data sources to come up with this claim.
One is TravelByBit (TBB) who publishes their PoS transactions (BTC, LN, ETH, BNB, DASH, BCH) live on a ticker.
The other source is HULA, a newly introduced POS system (BCH only) and direct competitor to TBB run by BitcoinBCH.com - the same company who created the report. Despite being on-chain their transactions are private, not published and not verifiable by third parties outside BitcoinBCH.com
Two things stood out in the "reports", noted by multiple users (including vocal BCH proponents):
  • The non-BCH parts must have tx excluded and the report neglects to mention it (the total in their TBB analysis does not match what is reported on the TBB website.)
  • The BCH part has outliers included (e.g. BCH city conference in September with 35x the daily average)
The TBB website loads the historic tx data in the browser but hides transactions older than 7 days from being displayed, i.e. you can access more than 7 days worth of data if you understand JavaScript and can read the source code (source).

Hayden Otto's reaction

In direct response to me publishing these findings on btc, Hayden Otto - an employee at BitcoinBCH.com and the author of the report who also happens to be a moderator of /BitcoinCash - banned me immediately from said sub (source).
In subsequent discussion (which repeated for every monthly "report" which was flawed in the same ways as described above), Hayden responded using the same tactics:
"No data was removed"
"The guy is straight out lying. There is guaranteed no missing tx as the data was collected directly from the source." (source)
"Only data I considered non-retail was removed"
"I also had these data points and went through them to remove non-retail transactions, on both TravelbyBit and HULA." (source)
He admits to have removed non-BCH tx by "Game Ranger" because he considers them non-retail (source). He also implies they might be involved in money laundering and that TBB might fail their AML obligations in processing Game Ranger's transactions (source).
The report does not mention any data being excluded at all and he still fails to explain why several businesses that are clearly retail (e.g. restaurants, cafes, markets) had tx excluded (source).
"You are too late to prove I altered the data"
"[...] I recorded [the data] manually from https://travelbybit.com/stats/ over the month of September. The website only shows transactions from the last 7 days and then they disappear. No way for anyone to access stats beyond that." (source)
Fortunately you can, if you can read the website's source code. But you need to know a bit of JavaScript to verify it yourself, so not an ideal method to easily prove the claim of data exclusion to the public. But it laters turns out Hayden himself has found an easier way to achieve the same.
"The report can't be wrong because it has been audited."
In response to criticism about the flawed methodology in generating the September report, BitcoinBCH.com hired an accountant from a regional Bitcoin BCH startup to "audit" the October report. This is remarkable, because not only did their reported TBB totals still not match those from the TBB site - their result was mathematically impossible. How so? No subset of TBB transaction in that month sums up to the total they reported. So even if they excluded retail transactions at will, they still must have messed up the sum (source). Why didn't their auditor notice their mistake? She said she "conducted a review based on the TravelByBit data provided to her", i.e. the data acquisition and selection process was explicitly excluded from the audit (source).
"You are a 'pathetic liar', a 'desperate toll', an 'astroturf account' and 'a total dumb ass' and are 'pulling numbers out of your ass!'"
Since he has already banned me from the sub he moderates, he started to resort to ad hominems (source, source, source, source).

Proof of exclusion

I published raw data as extracted from the TBB site after each report for comparison. Hayden responded that I made those numbers up and that I was pulling numbers out of my ass.
Since he was under the impression that
"The website only shows transactions from the last 7 days and then they disappear. No way for anyone to access stats beyond that." (source)
he felt confident to claim that I would be
unable to provide a source for the [missing] data and/or prove that that data was not already included in the report. (source)
Luckily for us Hayden Otto seems to dislike his competitor TravelByBit so much that he attempted to reframe Bitcoin's RBF feature as a vulnerability specific to TBB PoS system (source).
While doublespending a merchant using the TBB PoS he wanted to prove that the merchant successfully registered the purchase as complete and thus exposed that the PoS sales history of TBB's merchants are available to the public (source), in his own words:
"You can literally access it from a public URL in the Web browser. There is no login or anything required, just type in the name of the merchant." (source)
As of yet it is unclear if this is intentional by TBB or if Hayden Ottos followed the rules of responsible disclosure before publishing this kind of data leak.
As it happens, those sale histories do not only include the merchant and time of purchases, they even include the address the funds were sent to (in case of on-chain payments).
This gives us an easy method to prove that the purchases from the TBB website missing in the reports belong to a specific retail business and actually happened - something that is impossible to prove for the alleged HULA txs.
In order to make it easier for you to verify it yourself, we'll focus on a single day in the dataset, September 17th, 2019 as an example:
  • Hayden Otto's report claims 20 tx and $713.00 in total for that day (source)
  • The TBB website listed 40 tx and a total of $1032.90 (daily summary)
  • Pick a merchant, e.g. "The Stand Desserts"
  • Use Hayden's "trick" to access that merchants public sale history at https://www.livingroomofsatoshi.com/merchanthistory/thestanddesserts, sort by date to find the 17th Sep 2019 and look for a transaction at 20:58 for $28. This proves that a purchase of said amount is associated with this specific retail business.
  • Paste the associated crypto on-chain address 17MrHiRcKzCyuKPtvtn7iZhAZxydX8raU9 in a blockchain explorer of your choice, e.g like this. This proves that a transfer of funds has actually happened.
I let software aggregate the TBB statistics with the public sale histories and you'll find at the bottom of this post a table with the on-chain addresses conveniently linked to blockchain explorers for our example date.
The total of all 40 tx is $1032.90 instead of the $713.00 reported by Hayden. 17 tx of those have a corresponding on-chain address and thus have undeniable proof of $758.10. Of the remaining 23, 22 are on Lightning and one had no merchant history available.
This is just for a single day, here is a comparison for the whole month.
Description Total
TBB Total $10,502
TBB wo. Game Ranger $5,407
TBB according to Hayden $3,737

What now?

The usual shills will respond in a predictive manner: The data must be fake even though its proof is on-chain, I would need to provide more data but HULA can be trusted without any proof, if you include outliers BCH comes out ahead, yada, yada.
But this is not important. I am not here to convince them and this post doesn't aim to.
The tx numbers we are talking about are less than 0.005% of Bitcoin's global volume. If you can increase adoption in your area by 100% by just buying 2 coffees more per day you get a rough idea about how irrelevant the numbers are in comparison.
What is relevant though and what this post aims to highlight is that BitcoinBCH.com and the media outlets around news.bitcoin.com flooding you with the BCH #1 narrative are playing dirty. They feel justified because they feel that Bitcoin/Core/Blockstream is playing dirty as well. I am not here to judge that but you as a reader of this sub should be aware that this is happening and that you are the target.
When BitcoinBCH.com excludes $1,000 Bitcoin tx because of high value but includes $15,000 BCH tx because they are made by "professionals", you should be sceptical.
When BitcoinBCH.com excludes game developers, travel businesses or craftsmen accepting Bitcoin because they don't have a physical store but include a lawyer practice accepting BCH, you should be sceptical.
When BitcoinBCH.com excludes restaurants, bars and supermarkets accepting Bitcoin and when pressed reiterate that they excluded non-retail businesses without ever explaning why a restaurant shouldn't be considered reatil, you should be sceptical.
When BitcoinBCH.com claims the reports have been audited but omit that the data acquisition was not part of the audit, you should be sceptical.
I expect that BitcoinBCH.com will stop removing transactions from TBB for their reports now that it has been shown that their exclusion can be provably uncovered. I also expect that HULA's BCH numbers will rise accordingly to maintain a similar difference.
Hayden Otto assumed that nobody could cross-check the TBB data. He was wrong. Nobody will be able to disprove his claims when HULA's BCH numbers rise as he continues to refuse their release. You should treat his claims accordingly.
As usual, do your own research and draw your own conclusion. Sorry for the long read.

TLDR

  • BitcoinBCH.com claimed no transactions were removed from the TBB dataset in their BCH #1 reports and that is impossible to prove the opposite.
  • Hayden Otto's reveals in a double spend attempt that a TBB merchant's sale history can be accessed publicly including the merchant's on-chain addresses.
  • (For example,) this table shows 40 tx listed on the TBB site on Sep 17th, including their on-chain addresses where applicable. The BitcoinBCH.com report lists only 20 tx for the same day.
  • (Most days and every months so far has had BTC transactions excluded.)
  • (For September, TBB lists $10,502 yet the report only claims $3,737.
No. Date Merchant Asset Address Amount Total
1 17 Sep 19 09:28 LTD Espresso Lightning Unable to find merchant history. 4.50 4.50
2 17 Sep 19 09:40 LTD Espresso Binance Coin Unable to find merchant history. 4.50 9.00
3 17 Sep 19 13:22 Josh's IGA Murray Bridge West Ether 0x40fd53aa...b6de43c531 4.60 13.60
4 17 Sep 19 13:23 Nom Nom Korean Eatery Lightning lnbc107727...zkcqvvgklf 16.00 29.60
5 17 Sep 19 13:24 Nom Nom Korean Eatery Lightning lnbc100994...mkspwddgqw 15.00 44.60
6 17 Sep 19 14:02 Nom Nom Korean Eatery Binance Coin bnb1w5mwu9...552thl4ru5 30.00 74.60
7 17 Sep 19 15:19 Dollars and Sense (Fortitude Valley) Lightning lnbc134780...93cpanyxfg 2.00 76.60
8 17 Sep 19 15:34 Steph's Cafe Binance Coin bnb124hcjy...ss3pz9y3r8 57.50 134.10
9 17 Sep 19 19:37 The Stand Desserts Binance Coin bnb13f58s9...qqc7fxln7s 18.00 152.10
10 17 Sep 19 19:59 The Stand Desserts Lightning lnbc575880...48cpl0z06q 8.50 160.60
11 17 Sep 19 20:00 The Stand Desserts Lightning lnbc575770...t8spzjflym 8.50 169.10
12 17 Sep 19 20:13 The Stand Desserts Lightning lnbc202980...lgqp5ha8f4 3.00 172.10
13 17 Sep 19 20:21 The Stand Desserts Lightning lnbc577010...decq7r4p05 8.50 180.60
14 17 Sep 19 20:24 Fat Dumpling Lightning lnbc217145...9dsqpjjr6g 32.10 212.70
15 17 Sep 19 20:31 The Stand Desserts Lightning lnbc574530...wvcpp3pcen 8.50 221.20
16 17 Sep 19 20:33 The Stand Desserts Lightning lnbc540660...rpqpzgk8z0 8.00 229.20
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18 17 Sep 19 20:39 The Stand Desserts Lightning lnbc135220...cngp2zq6q4 2.00 250.20
19 17 Sep 19 20:45 The Stand Desserts Lightning lnbc574570...atcqg738p8 8.50 258.70
20 17 Sep 19 20:51 Fat Dumpling Lightning lnbc414190...8hcpg79h9a 61.20 319.90
21 17 Sep 19 20:53 The Stand Desserts Lightning lnbc135350...krqqp3cz8z 2.00 321.90
22 17 Sep 19 20:58 The Stand Desserts Bitcoin 17MrHiRcKz...ZxydX8raU9 28.00 349.90
23 17 Sep 19 21:02 The Stand Desserts Bitcoin 1Hwy8hCBff...iEh5fBsCWK 10.00 359.90
24 17 Sep 19 21:03 The Stand Desserts Lightning lnbc743810...dvqqnuunjq 11.00 370.90
25 17 Sep 19 21:04 The Stand Desserts Lightning lnbc114952...2vqpclm87p 17.00 387.90
26 17 Sep 19 21:10 The Stand Desserts Lightning lnbc169160...lpqqqt574c 2.50 390.40
27 17 Sep 19 21:11 The Stand Desserts Lightning lnbc575150...40qq9yuqmy 8.50 398.90
28 17 Sep 19 21:13 The Stand Desserts Lightning lnbc947370...qjcp3unr33 14.00 412.90
29 17 Sep 19 21:15 The Stand Desserts Binance Coin bnb1tc2vva...xppes5t7d0 16.00 428.90
30 17 Sep 19 21:16 Giardinetto Binance Coin bnb1auyep2...w64p6a6dlk 350.00 778.90
31 17 Sep 19 21:25 The Stand Desserts BCH 3H2iJaKNXH...5sxPk3t2tV 7.00 785.90
32 17 Sep 19 21:39 The Stand Desserts Binance Coin bnb17r7x3e...avaxwumc58 8.00 793.90
33 17 Sep 19 21:47 The Stand Desserts BCH 32kuPYT1tc...uFQwgsA5ku 18.00 811.90
34 17 Sep 19 21:52 The Stand Desserts BCH 3ELPvxtCSy...4QzvfVJsNZ 36.00 847.90
35 17 Sep 19 21:56 The Stand Desserts Lightning lnbc677740...acsp04sjeg 10.00 857.90
36 17 Sep 19 22:04 The Stand Desserts BCH 38b4wHg9cg...9L2WXC2BSK 54.00 911.90
37 17 Sep 19 22:16 The Stand Desserts Binance Coin bnb14lylhs...x6wz7kjzp5 18.00 929.90
38 17 Sep 19 22:21 The Stand Desserts BCH 3L8SK3Hr7u...F3htdSPxfL 90.00 1019.90
39 17 Sep 19 22:30 The Stand Desserts Binance Coin bnb19w6tle...774uknv57t 5.00 1024.90
40 17 Sep 19 22:48 The Stand Desserts BCH 3Qag8c4UYg...9EYuWzGjhs 8.00 1032.90
submitted by YeOldDoc to CryptoCurrency [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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Introducing Tacen

ABOUT TACEN

There is a vast gap between the maturity of traditional markets versus cryptocurrency markets.
By modest estimates, the crypto industry has lost $2 billion to theft from exchanges since 2014. These thefts include exchange exit-scams, full account takeovers through sim-swap, and exchange hot wallet hacks.

WHY ARE CENTRALIZED EXCHANGES BAD?

Centralized exchanges negate the advantages of sovereign money. They can freeze or confiscate customer funds, maintain insufficient reserves, or abscond with funds themselves.
Centralized exchanges are subject to regulatory scrutiny because they handle fiat money. In the United States, any business that takes money from one party and gives to another is called a Money Services Business. The exchange needs to obtain and store your private data in order to "vet" you as a customer. They may be compelled to release this information, it may be stolen, or unscrupulous exchanges may sell it.
Centralized exchanges, however secure they may think they are, have an inherent design flaw: centralized fund custody.

CAN CENTRALIZED EXCHANGES BE TRUSTED?

Centralized exchanges like Coinbase and Binance are unaccountable to customers. You and I have no idea whether the order matching engine plays fair, or whether it gives preference to VIP participants. In the traditional markets, SEC and CFTC, through SROs like Finra, audit and review trading venues. The same cannot be said of centralized crypto exchanges.

WHY NOT FULLY DECENTRALIZE?

Decentralized Exchanges provide a censorship-resistant, high-availability trading venue ideally suited for quote based marketplaces. However, they fail to match traders’ expectations of speed and liquidity.
Centralized exchanges like Coinbase and Binance have orders of magnitude larger volumes because centralization confers performance benefits. On-chain updates are necessarily slower because blockchains trade speed for security.
Tying order to blocktime creates a non-trivial spread due to slower speed of order modifications. This is a dealbreaker for traders who need to respond quickly to changing market conditions.

TACEN: A HIGH-PERFORMANCE NON-CUSTODIAL EXCHANGE

We are building a non-custodial exchange that combines the high performance of centralized order management with the security and privacy of decentralized settlement. It's not a new idea. Unfortunately, others in the crypto exchange space seem to have missed the message.
The very concept of having an "account" with an exchange means that the exchange controls your money and access to your money.
Imagine an exchange where you use your wallet to create a self-custody escrow - a non-upgradeable smart contract, which can be audited that contains your funds and settlement rules. The exchange will collateralize your trading balance through your escrow contract, and the available balance is settled among the counter-parties in a peer-to-peer fashion not requiring trust for any process you can't verify.
In the proposed Tacen exchange, market participants can listen in on all market activities, even the stream of the exchange's orderbook reshuffles. These data can then be stored by participants, and subsequently be used for calculating settlement data. The market participants providing settlement data for the escrows can benefit by earning a portion of the fees. We imagine this being 0.1% or less in total, with the exchange taking half and settlement data providers taking the other half. In other words, we would like to incentivize the crypto community as a whole to own the trading activity data and to profit from it.
Tacen will provide a global pool of liquidity. By fully complying with US and EU regulations, we plan on launching in two of the most onerous regulatory regimes simultaneously. It will be a privacy-oriented crypto exchange with a trading experience akin to the current generation of centralized exchanges, all the great parts minus information snooping and fiat.
Join our Telegram group here to learn more.
submitted by dchem to Tacen [link] [comments]

Survey Responses Are IN!

I want to thank everyone who replied to our survey! Your feedback is extremely valuable!


Here are the results and how they're helping shape our direction.


What goals would you like to see us accomplish? What's most important to you in how this Quadriga situation ends?

This was an open-ended question and the answers varied widely (and there was definitely a lot of responses which mentioned multiple goals). Here's a summary:
The justice theme has been entirely overlooked by what we're doing. Discussing the idea on the Quadriga Uncovered Telegram group, it was determined that there was definite interest in a potential letter-writing initiative. One possibility would be sending letters to the RCMP to request the exhumation.


Is there any part of our initiative which confuses you?

Almost universally, there was no mention of any confusion.
The feedback we did receive:
Please feel free to reach out on Telegram and Reddit if there are any further questions!


Is it more important to you that we focus on (a) helping victims of Quadriga recover, (b) educating more people about Quadriga and other exchange fraud, or (c) preventing future exchange fraud events like Quadriga?

Of the first or only choice picked, 70% chose (a) helping victims of Quadriga recover, while 30% chose (c) preventing future exchange fraud events like Quadriga.
(a) was mentioned in 80% of cases, and top choice in 70%.
(b) was a second choice in 30% of cases and mentioned in 35%.
(c) was mentioned in 65% of responses and top choice in 30%.
The educational portion of our initiative was seen as the lowest value. We are floating the idea of replacing the Education goal with a separate Justice goal, which is composed of letter-writing and other advocacy to help speed up any potential criminal investigations.


What bothers you most about Canadian cryptocurrency exchanges?

The responses varied widely. Here's a selection:
There is clearly a lack of satisfaction.


Should preventing events like Quadriga focus more on regulatory reform (working with regulators) or trying to create change through setting the example on one exchange and go from there (similar to how "Tesla" has electrified vehicles)?

Overall summary:
Pressing forward on both fronts appears to make the most sense.


Would you rather have the recovery run inside of a for-profit exchange (sort of a marketing/promotion idea to push people onto a safer exchange) or as an independent group of affected users pushing for our own interests (working with the safer exchange and other businesses potentially similar to a labour union or political advocacy)?

The end result:
We will be working to run this independently, however working closely with our partner exchange as a joint project (and it is definitely a promotional tool for them).


If given the choice, would you prefer (a) $20 cash each year for 10 years (slower recovery with full choice), or (b) your choice of $200 worth of discounts on products/services that are donated by small businesses which you could use this year (faster recovery with less choices)?

60% indicated a preference for (b), and 40% had the preference for (a). There is clear interest in focusing on both, which will push the fastest and most flexible recovery.


Affected users have a liquidation option which allows non-victims to purchase their tokens on the exchange. How do you feel about charging non-victims a small fee (5 cents per token) that is split between funding the project and a pool for affected user payout?

50% expressed outright support for the idea. Below are more detailed responses and comments:
At the moment this has not yet been agreed upon by the partner exchange.


Have you discussed the project with anyone else who lost funds in Quadriga? What kind of feedback are you hearing?

40% said they've discussed it. 40% have not. 20% didn't answer (or it was hard to understand). Some of the responses:


Many affected users have strong privacy concerns and shame regarding what happened to them, such that they are even hesitant to share basic details. What do you feel is the best way to build trust and openness among the affected user community?

Here are some of the replies:

Notes: Percentages rounded to the nearest 5%.


Thank you very much for everyone who took the time to respond! We will continue to study your answers as we move forward!
submitted by azoundria2 to QuadrigaInitiative [link] [comments]

[CRITICAL] Binance U2F Auth breaks with FW 2.1.5

SOLVED

python3 trezorctl set-u2f-counter 1568484984
To recover use trezorctl to downgrade to 2.1.1 to regain access to your account or use Trezor-1 FW 1.8.3.
How I hit this.
  1. Added U2F to Binance using a Trezor-T @ FW rev 2.1.1
  2. Upgraded Trezor-T to FW rev 2.1.5
  3. Binance U2F failed on all subsequent attempts with FW 2.1.5
  4. Tried to recover Binance access with Trezor-1 @ FW 1.8.1 and failed
  5. Downgraded Trezor-T to 2.1.1 and regained access to binance
  6. As a test, upgraded Trezor-1 to 1.8.3 and was able to regain access to binance as well.
Strange.
submitted by brianddk to TREZOR [link] [comments]

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A time came and America on-line grew enough to the peaks of success and become a market leader surpassing all the competitors behind. Therein section, the dial-up association was increasing and therefore the net craze was simply in its initial section. But soon, it came tumbling down. Once the unhealthy section went, in its effort to survive and keep intact, America on-line re-branded itself and become Binance by introducing services like AIM, Binance LOCAL, Binance Video, News and plenty of additional.



Time went, Binance faced the heights however tasted the failure too. Simply in recent years once Verizon purchased Binance, the protection is predicted for the soundness of the corporate. The journey of Binance is incredibly spectacular.



ABOUT Binance EMAIL



Apart from different services, what grew quickly was the e-mail service. Binance email is freely obtainable in additional than 3 dozen languages with entrancing options. This good email is assessed from any browser at any time of the day from any corner of the planet. Simply a couple of years after once Verizon acquired Binance; Binance then undertook Binance under its roof and created ‘Oath’. With most to explore with this outstanding email, ignoring the glitches concerned in it’ll be an injustice. There are infinite users who face some or different troubles whereas victimization a reliable email service. And therefore the credit goes to the Binance Customer Care Phone Number who work around the clock to resolve all types of problems encountered by the users. Commanding troubles for a jiffy have a glance at the wonderful characteristics of Binance Email.



Peculiarities of Binance Email



Ease of looking and victimization Filters: With this exceptional feature, users of Binance Email have the good thing about looking at emails, contacts, and events. They will even create filters for messages and emails.



Allowance for managing your calendars: The users of this email will subscribe, print, produce or maybe add a calendar. They will manage the programs from the calendar and simply edit them too.



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Saving emails & moving messages: by clicking at the lot of icons, users will merely save their emails and move single or multiple messages to the created folders.



The comfort of deleting multiple emails: not solely the users have the comfort of deleting single or multiple emails at a time however conjointly they will recover any accidentally deleted email at intervals seven days of deletion.



Panel resizing option: users will effortlessly size the panels in Binance email to their feeling. Simply move your pointer to try and do the resizing.



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Composing emoji’s: Binance Tech Support a large varies of emojis (pictorial characters) that the users will use in their email messages.



Mouse & Keyboard shortcuts: similar to you are doing the shortcuts in your day to pc works, you’ll equally lie within Binance. The shortcuts embody for list read, contacts, calendars, navigations and others.



The benefits of victimization this good email service don’t finish here, in fact, there are way more of them which may be explored once connection the family of Binance Email. Because the coin has 2 sides, therefore will this email. Wherever there are uncounted advantages, some dis-satisfactory complexities also are concerned. Do not forget that the majority of the troubles are repairable through troubleshooting. For those, who don’t the correct method of resolution is suggested to succeed in out to Binance Tech Support Phone Number that stays active 24×7 on-line. The veteran team of technical specialists has the adequate data to repair all the problems that are confronted by the users. Is your pc activity terribly slowly once putting in Binance Instant Messenger? Have you ever been noticing the looks of error code 102 messages on your desktop screen? If you’ve got, then by contacting Binance Email Customer Support Phone Number, you may be ready to resolve this now. The team of certified and veteran staff is accessible 24×7 to handle no matter reasonably Binance drawback that the purchasers might face. Therefore whenever you’re facing installation or upgrade drawback along with your AIM or your Binance software system, you’ll contact the support service team.



How will technical professionals give assistance in obtaining started with Binance?



Binance is one in all the most effective email services that comes with completely different and distinctive options. It offers personalized mail expertise that may assist you to keep connected along with your colleagues, friends and lots of different persons. Sending and receiving emails with Binance is done sort of a professional. Here are some steps that you are required to follow if you would like to induce started with the e-mail services of Binance. Let’s have a glance at them:







Open your browser and sort mail.Binance.com in it.

Click on “Get FREE Binance” to let the method begin

The next step is to settle on the e-mail address and password for the account Binance account.

In case you are already having an AIM screen name then you’ll use a similar for your existing screen name and password. With this, you may get an AIM Mail address that is able to be supported by the screen name.



In this approach, you’ll produce your own account on Binance and obtain started with it. If you get any drawback in understanding any above-named steps then contact the techies for Binance Tech support service. Right from making a brand new account and dynamical the password, you’ll get all types of facilities from the specialists over the phone.



How Binance Tech Support offers technical assistance to the customers?



It is right the same that if you are victimization any email services that you will even have to face its technical mishaps. There are times once users get pissed off attributable to technical problems like server issues, page not opening, password problems and plenty of additional. The best and quickest answer to those issues is to induce fast facilitate from the techies. Here are some ways in which during which specialists will facilitate Binance users:







We provide period technical support to the Binance users so as to form them get obviate technical glitches

Customers can get tech aid at any day any hour any time. A team of pros are going to be obtainable twenty-four hours therefore the client will create a call to them anytime.

No ought to drift here and there for breakdown the password or account setting problems. Customers will avail of this technical support service right from the comfort of their home.

Technical representatives never let down the client once it involves confronting technical errors.

The entire technical help method is finished in a very speedy manner by professionals.

All the steps and answers are going to be provided to the purchasers over the phone for customer’s convenience.

Our team of specialists is ready to handle all the straightforward and complex issues of Binance with ease.

We instruct the users over the phone to form them stress-free and obtain eliminate technical issues.

By dialing Binance Customer Service Phone Number, you will directly get connected to the techies. With only one call, customers will speak on to the professionals and describe their Binance connected problems.



What types of technical errors would like Binance email customer support?



With Binance email service, you’ll encounter completely different issues such as:







Password lost or forgotten

Problems whereas accounting creation or work in

Not able to connect the significant files or traditional files

Missing mail sign

Image not showing within the emails

Unable to look at the downloads

Account hacking issue

Technical issue of password retrieval or recovery

Getting technical error in sending the e-mail and retrieving the e-mail

Some of the technical glitches are quite common that happens with virtually everybody. Think about selecting the technical support service will facilitate in eradicating of these problems with ease. For handling these problems, correct help and guidance are needed. This may be done by the team of technical representatives.



How to solve the emails retrieval issues of Binance users?







The first step is to logout from the account and once more log in by getting into all the main points.

Check if the Java application scripting and cookies are enabled.

Now, clear the cache, history, and cookies of the net browser.

After this, sign up and take a look at to retrieve the emails.

How to fix the signup problems with Binance emails?



Many times, it’s been seen that users face sign up issues. This drawback is principally happening attributable to an incorrect username and password. In such a problematic scenario, follow these steps:







Firstly, visit the browser and open the home page of Binance.

Secondly, you wish to click on the choice of Forgot password to reset the password of Binance email.

Once you are through with resetting the password, attempt language in once more

Even once resetting the password, you are facing a similar drawback then attempt to clear all the cookies. This can assist you in fixing the check-in problems with Binance.

How Binance phone number is helpful to customers?



Binance Email Tech Support Phone Number permits individuals to induce connected with the specialists directly for sharing their problems. Customers can get around the clock service for troubleshooting the technical issues associated with Binance. The most objective of this Binance client service is to form the purchasers relaxed and stress-free. All you are required to try and do is to offer a fast call to the technical specialists.



How do I reset the Binance email password?



By providing wonderful email services, Binance has become the foremost trustworthy email service suppliers. Binance email service permits causing and receiving emails in a hassle-free manner. Alongside this, there are several latest options that permit the users to customize it. There are times once technical problems associated with Binance email will bother you. One in all the common technical issues is forgetting and losing the Binance password. This may happen with anyone and losing the password isn’t an enormous deal. If you are looking for the ways in which to reset the Binance email password then dialing Binance Customer Support Phone Number would be an excellent plan. You’ll seek advice from the professionals concerning password problems and obtain instant support from them.



Here are some steps that you simply ought to do for resetting the Binance email password:







You need to open the Binance login page.

Now, choose login/Join. After this, you wish to enter your username and click on “next”.

Now, opt for “forgot password” and enter your username then click on next.

You’re required to produce your telephone number that entered at the time of account creation. After this, click on the consequent button.

After this step, you are required to verify your identity through code verification. The code is going to be sent to your telephone number. You’ll get the code through a telephone call or text.

Once you get the code, enter it and click on next.

Now, you will be asked to make a brand new password for your Binance email account.

After getting into the password, click on save.

Binance users also can follow the below-mentioned steps to reset the password through recovery email address.

First of all email a reset link to the “my recovery emails address” and tap “next”.

This will send an email to your various email address that provided as at the time you signed up for Binance.

Now click on shut button.

Now, open your various email account for the password reset message.

Click on the link that you bought within the email. On clicking it, you will get a brand new page.

Enter your new password and saves the changes that you have created.

With a couple of easy steps, you’ll simply reset your Binance account password. For additional technical help, you’ll ring on Binance Email Technical Support Phone Number. Our team of pros can guide you and supply your directions over the phone. Right from a minor technical issue to major ones, our specialists are ready to handle every one of them in a hassle-free manner. So, don’t wait, simply create a telephone call to our team of specialists. We’re obtainable twenty-four hours to assist the purchasers and create them extremely glad in terms of effective answer and immediate help.



Queries that are often asked by Binance email users?



There are plenty of doubts that can occur in a user’s mind while using the Binance email. Some of the very basic queries that are often asked by Binance email users and have hassled them from time to time have been listed below:







What are the steps to create a new Binance email account?

How to resolve the sign-in errors?

How to import messages from Binance?

How to compose emails and send them to different recipients.

What is the way to send attachments?

How to reset the password of the mail?

What can be done if someone has forgotten the mail?

How to create folders to categorize everything?

What are the ways to set up auto-reply?

How to resolve Blerk error 1 in Binance?

Some of the advice to avoid the glitches



It is quite vital to keep your account safe from outside hackers and intruders. Just take some tips that are given below and avoid the common flaws.







Change the password after some time like every month, so that the email ID doesn’t become vulnerable

Timely clean your junks from the folders using the file cleaner

Do not access the emails on public devices such as public desktop, laptop, and if you do, make it sure that you log out.

If you have a personal smartphone, then only save the password, otherwise, don’t save your password.

These are just a few vital tips to help you with ease at the email conflict. For more advice, just contact the Binance Tech Support Phone Number team. Pick up your phone and dial the Binance technical support number for the same. They will be able to resolve the flaws as the technicians are extremely qualified and experienced in handling the queries. They will be able to assist you with a complete solution and provide with the guaranteed solution.



How to resolve Binance error 47-ac-3101?



If users wish to fix the Binance error 47-AC-310 then users can execute the given methods:







First access your system with your admin account.

After that go to ‘Windows Start’ menu, All Programs, Accessories, System Tools’.

Further this click on System Restore Option and provide all the details that have been asked for.

Finally, just save and restart the system.

If users come across any problem, then promptly contact the Binance customer care to avail more guidance on this problem.

How to change the Binance password for the Apple Binanceting system?



If users are searching for ways to change the Binance email password for Apple Binanceting Systems, then users can follow the given methods:



For iPhone







First of all, navigate through to the settings à Mail Contacts and Calendar à Binance

Further this user would have to enter their username and then click the option to change the password.

After this user would have to provide the old password and then enter the new password.

Finally, just click to save the password.

For Mac







First fill the login details and sign in to your account

Further this go to settings and choose to change the password

Users would now have the option to create a new password and then save the changes.

How to transfer the Binance contacts to Microsoft Outlook?



If users are looking for the exact methods which would help users transfer Binance contacts to Microsoft Outlook, then they can take up the methods that have given below:







First of all, sign in to Binance account and Choose Contacts.

After that navigate to Tools, then export using CSV option.

Now save the files at the desired location.

Further this Sign in to Outlook.

Now Just Click on the option of CVS

Further Choose the file from the saved location and opt to import.

Basic Needs for Binance Email



When clients wish to start using the services of Binance email, the only thing that they would have to give attention to would be the system needs of this service. It is vital that your device caters to all the necessary system needs of Binance email for it to function efficiently. If your system lacks on these needs, you will face numerous problems while using the Binance Email service. The system needs of Binance email is as given below:



Windows 7 or newer: Binance email works finest with the newest versions of Firefox, Chrome, Safari, and Binance Desktop Gold.



Mac OS X and newer: Binance email works the finest when you have the newest version of Safari, Firefox, and Chrome on your Mac device.



If you are willing to use Binance email on your mobile device, then make sure that you have:







iOS 9.3 or later

Android 4.4 or later

If you wish to know more about the system needs of this service, you can attain the required details by ringing up the Binance email helpline number.



How to Contact Binance Tech Support Phone Number?



Binance offers the client with an efficient way by which they can handle all the difficulties that they might have to face while using Binance email. They give the user with help from highly trained and experienced experts who are capable of offering users with rapid solutions. They make sure that the clients are not caught up with any problem for too long. They read the situation and the cause of the problem and then give solutions which would eradicate the problem from its roots. This service is available all around the clock, and the clients can connect with them at any hour. This service gives users with 100% satisfaction. Moreover, availing this service does not charge the clients any money which makes it all the more convenient. The clients simply have to dial the Binance email tech support number, and they would get all the help that would be required.



How to solve HTTP error 504 in Binance?



Binance email clients enjoy a secured network that leads them to the state of satisfaction. But there are some things that can irritate them and HTTP error 504 is such a difficulty that should be addressed rapidly to keep your Binance account working. Error 504 problem is an HTTP state code that is also known as 504 gateway timeout failure. Sometimes it happens when a server doesn’t get a straightforward response from others in a way to reload the network page. These servers work together to make sure the clear loading of the network page, but a small interference in their communication may lead to this problem. Now user needs to solve the problem at earliest, and user can do so by contacting at Binance customer care number.



Root Cause behind the error 504:



There are plenty pf probable reasons that may cause this problem, and user need to know about these reasons to solve the problem:







The server slowdown may create the problem

Network error may generate the problem at the user’s end

Poor internet connectivity may be the big reasons as well

In a some of the cases, problem may be because of the computer error

Improper DNS configuration may also cause the problem

Proxy server settings could be the one the main reason

Simple solutions to solve the error 504 problem:



Now user have seen the root cause, that may be responsible for the problem so user can simply solve the problem to process the exact solutions that are given below:



Solution 1. Once user gets the 504 error, then they will unable to open to the web page, but user needs to keep refreshing the page and press the F5 key to refresh the page and try to open the page. Sometimes the issue may resolve in a couple of minutes, and the user can successfully open the page, but in some cases, the server problem gets deeper, and it may take a few hours to resolve the problem.



Solution 2. Users should check all the network connections and reset these network devices. If the difficulties are associated with the nighthawk, nighthawk, etc. the user can solve it by rebooting all the connected devices.



Solution 3. Users can review the proxy settings as well to solve the problem. Incorrect proxy settings are one of the possible reasons for the problem, so user needs to monitor the proxy settings. Once the user locates them and solve them, the error will be gone.



HTTP error 504 is generally linked with the server connections so user can’t do much from their end. Users can try at least these steps, and if a user is failed to solve the problem, then they should call at Binance tech support phone number and get the most prominent help easily.
submitted by usacoronadowns to u/usacoronadowns [link] [comments]

How To Enable 2 Factor Verification on Binance Binance reset 2fa problem Binance Account Verification How To Verify Account On Binance Binance facial verification tutorial 8883675111 - Binance - How to Reset SMS Authentication Binance Crypto Exchange Issues Risk Warning,

Binance is a blockchain ecosystem comprised of Exchange, Labs, Launchpad, and Info. Binance Exchange is one of the fastest growing and most popular cryptocurrency exchanges in the world. Founded by a team of fintech and crypto experts — it is capable of processing more than 1.4 million orders per second, making it one of the fastest exchanges ... @scoshil python-binance works because it uses the requests python package, and that in turn also links against non-default SSL certificates from certifi package.ccxt uses pure built-in HTTP and for some reason a particular installation of conda won't find its default SSL/CA certificates... If none of the above links and suggestions help, we may switch to requests as well. Verify Your Identity on Binance. Binance wants you to verify your identity, so there is no shortage of prompts and links to do so. Navigate to the security page, by selecting one of: ... If you failed to complete any fields, or there is a problem with your information, the page will inform you of such. Binance, certificate verify failed (_ssl.c:777) #452. mazertwo opened this issue Nov 2, 2017 · 12 comments Assignees. Comments. Copy link Quote reply mazertwo commented Nov 2, 2017 ... Binance Uganda Will Open Trading For BTC/UGX, ETH/UGX on 2018/10/24; Comments 0 comments. Article is closed for comments. Binance Uganda ...

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How To Enable 2 Factor Verification on Binance

If you can not login to Binance, give this a try. Binance just did an upgrade and some users (myself included) could not login to their Binance accounts. From Binance: "If for some reason you're ... This video will instruct you step by step how to set up 2 step verification on Binance to secure your account even further. If you need to DISABLE your 2 factor authentication because you plan to ... Binance 2FA Failed issue - Duration: 2:43. Tyler Petit 16,135 views. 2:43. How to Prepare for the Future and Avoid Being Caught the Crash - Robert Kiyosaki & George Gammon - Duration: 42:38. Want to upgrade your skill set and support the CryptoDad? Check out my Patreon Page: https://www.patreon.com/TheCryptoDad Set up a Binance account: https://w... Please login to Binance Jersey’s official website: www.binance.je After login, please click the [Verify] button beside “Identity Authentication” under the Account Verification section.

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