20 LEGIT Bitcoin Robot and Auto-Trading Bots : 2020 List

BCH SLP Trustless Swap Trades

Add a DEX to your Bitcoin Cash Trading Desk We ofer a turnkey decentralized exchange software (DEX). Non-custodial swap trades and Automated Market Maker (AMM) implementations for BCH and SLP Tokens. Including Tether and Honestcoin. Build a DEX, make a market for any trading pair or for your own business reward tokens. Expand your existing Exchange or OTC Trading Desks. Live demo available. Contact us today at [email protected] https://ba.net/bitcoin-cash-offline-wallet/dex-amm.html
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Have you tried Bitcoin automated trading software ?

I'm looking for feedbacks regarding the use of a crypto trading robot. I've seen different bot and I've made my research. The most serious seems to be Crypto Robot Pro
Have you ever tried this one? What's your results?
Thx for your help
submitted by Fablt861 to BitcoinBeginners [link] [comments]

Have you tried Bitcoin automated trading software ? /r/Bitcoin

Have you tried Bitcoin automated trading software ? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Have you tried Bitcoin automated trading software ? /r/BitcoinBeginners

Have you tried Bitcoin automated trading software ? /BitcoinBeginners submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin automated trading software with a proven track record

Roughly 2 months ago my friend that introduced me to Bitcoin just one year ago brought up a website called USI-Tech he had told me that he had earned a substantial amount of bitcoin simply by investing his bitcoin into their trading & mining software and by reinvesting his earnings back into the program his earnings seemed to compound at a good pace. I spent some time looking into it and liked the results I was seeing from my friend and others involved so I decided to get in myself. Needless to say I am more than pleased with my returns.
What I found interesting about USI-Tech is that you do not have to invest a large amount at all to get started, the “bitcoin package” was created for the general public and not just big time investors, you can invest as little as $58 worth or bitcoin and start earning your daily return on that immediately. Now the reason I point out that they have created the bitcoin package for the general public is because USI Tech has been taking investments from clients and trading for them on the Forex side of the market (stock market) for the last 8 years, the only reason you may not have heard of them before is because they only used to accept $100k minimum investments to trade for their high end clients with their automated trading software. The fact that bitcoin is so volatile and the market is so easy for trading software to capitalize on makes it accessible to the general public. How long will it last? I couldn’t tell you but I have done my homework on this company and they seem to have some big plans for the future as well, they do seem very keen and seem to be tackling even more projects and are looking to expand their company more so then it already has.
Below is a video that shows enough validity for this company, I think if the SEC and FTC can vouch for it then we can too. They have huge plans and it truly is a game changer.
https://youtu.be/b-ba3zsW8G8
Below is some domain info I found through a basic search.
https://www.whois.com/whois/usi-tech.info
IS IT HARD TO USE:
Surprisingly it seems that this website has been designed for hands off beginner use. I myself am not a genius with computers but the system they have put in place really is self explanatory outside of your basic bitcoin transfers needed to purchase the packages.
How much have I personally invested?
So far I put in enough money for 25 bitcoin packages (appr. $1500) to see if it was worth posting about or not and yes it payed me the following day and every day to follow and yes everything seems to be working exactly as both my friend and the website said it would. Personally I see this as an insane opportunity to grow your bitcoin portfolio and potentially be on your way to financial freedom. My advice is do some research yourself on this platform and see if it’s something you might want to get involved in. A lot of people questioned me about this wanting proof of payment so below I have provided a video and notice the time and date is clearly visible on the screen and you will see the payment go through. You receive payments Monday-Friday not weekends just so you guys are aware.
https://youtu.be/eCBtiznKTTg
This link will direct you to their domain and you can register from here https://f181b357.usi-tech.info/ from here you can read up on who they are and what they do for yourself, I hope this information is useful.
submitted by Ty_Wright to bitcoininvesting [link] [comments]

[uncensored-r/Bitcoin] Have you tried Bitcoin automated trading software ?

The following post by Fablt861 is being replicated because the post has been silently greylisted.
The original post can be found(in censored form) at this link:
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The original post's content was as follows:
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Benefits of Using Automated Bitcoin Trading Software

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

Bitcoin Bot Crypto bot Automated bitcoin bot free Bitcoin BitMEX Mirror Trading Software - The Bitcoin Forum

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

crypto-autobot.com Automated crypto trading software Bitcoin Trading bot Crypto Trading App

crypto-autobot.com Automated crypto trading software Bitcoin Trading bot Crypto Trading App submitted by cryptocentral to CryptoCurrencyTrading [link] [comments]

Live Bitcoin Trending Latest news update Crypto free Signals & Automated trading Software

Live Bitcoin Trending Latest news update Crypto free Signals & Automated trading Software submitted by BitcoinTraderfx to Crypto_Daily [link] [comments]

Best bitcoin trading Bot automated Trading Software Crypto bot | The Cryptocurrency Forums

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Best Bitcoin CryptoCurrency Trading bot Automated Trading Software Trading App - Bitcoin Forum

submitted by BitcoinTraderfx to Crypto_General [link] [comments]

03-12 19:23 - 'Cryptoworldevolution CWE, a software platform which specializes in automated cryptocurrency trading' (cryptoworldrobot.com) by /u/IdealMike removed from /r/Bitcoin within 41-51min

Cryptoworldevolution CWE, a software platform which specializes in automated cryptocurrency trading
Go1dfish undelete link
unreddit undelete link
Author: IdealMike
submitted by removalbot to removalbot [link] [comments]

ETHBOT LTD LAUNCHES THE FIRST AUTOMATED CRYPTOCURRENCY TRADING SOFTWARE THAT FOCUS... #bitcoin #btc #ico https://t.co/MySNwqIgyY - Crypto Insider Info - Whales's

Posted at: March 18, 2018 at 09:50AM
By:
ETHBOT LTD LAUNCHES THE FIRST AUTOMATED CRYPTOCURRENCY TRADING SOFTWARE THAT FOCUS... #bitcoin #btc #ico https://t.co/MySNwqIgyY
Automate your Trading via Crypto Bot : http://ift.tt/2EU8PEX
Join Telegram Channel for FREE Crypto Bot: Crypto Signal
submitted by cryptotradingbot to cryptobots [link] [comments]

11-29 11:53 - 'Automated trading software I helped write, check it out' (youtube.com) by /u/foremank removed from /r/Bitcoin within 0-8min

Automated trading software I helped write, check it out
Go1dfish undelete link
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Author: foremank
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Automated Bitcoin trading software is becoming more advanced

Automated Bitcoin trading software is becoming more advanced submitted by clubzcoin to Bitcoin [link] [comments]

Haasbot automated trading software now supports leveraged trading on Bitfinex, Virtex Bitcoin and Litecoin Exchange, Trade Now module, and Sandbox API for testing trading strategies against live data.

Haasbot automated trading software now supports leveraged trading on Bitfinex, Virtex Bitcoin and Litecoin Exchange, Trade Now module, and Sandbox API for testing trading strategies against live data. submitted by wormtailcoin to CryptoCurrency [link] [comments]

Review: Bitcoin Trading Automation Software

Review: Bitcoin Trading Automation Software submitted by daysofglory to Bitcoin [link] [comments]

Radix Solving DeFi Risk

RADIX: THE PROTECTION AGAINST DEFI RISK
Radix is a First-layer protocol for DeFi. Currently, DeFi applications are based on protocols that are not scalable Radix has created a robust, secure, and scalable protocol for building applications and tokens. Based on existing public ledgers’ success, the Radix protocol is an unauthorized framework within which DeFi services can be developed and operated. Radix claims to solve two of the biggest problems in DeFi: scalability and security. Overall, the blockchain-based decentralized finance (DeFi) space is still evolving but offers a compelling value proposition where individuals and institutions have broader access to financial applications without the need for a trusted broker.
WHAT IS DECENTRALIZED FINANCE (DeFi)
Decentralized finance is a new financial system based on public blockchains such as Bitcoin and Ethereum. After all, Bitcoin and Ethereum are not just digital currencies. They are essentially open-source networks that can be used to change the way the world economy works. DeFi is a significant project to decentralize traditional core use cases such as trading, lending, investment, asset management, payments, and insurance on blockchains. DeFi relies on decentralized applications or protocols (dApps). By running these dApps on a blockchain, a peer-to-peer financial network is provided. Each dApp can be combined with each other like Lego blocks. Smart contracts act as connectors comparable to perfectly defined APIs in traditional systems. Rarely will you get great rewards without huge risk Just like every other industry, the DeFi system also has its own risks and issues. Unfortunately, many DeFi system users underestimate the risk associated with automated loan protocol’s impressive interest rates.
FORMS OF DEFI RISKS
When working with DeFi solutions, it is essential to consider technical and procedural risks as well. Technical risk means assessing potential weak spots in the hardware and software behind a product or service. This is important for decentralized applications (dApps) Procedural risk can be viewed as similar to technical risk, but rather than considering the product or service, procedural risk examines how users can be directed to use the product in undesirable ways that could compromise their safety.
RADIX SOLVING DeFi RISKS
DeFi is worth more than $ 8 billion. However, DeFi requires fast and minimal transaction fees and secure building systems to reach its full potential. DeFi applications must be scalable and compilable. Protocols such as Ethereum 2.0, Polkadot, and Cosmos solve the wrong scaling issues and don’t attract others, according to Piers. According to Piers, mainstream DeFi needs a bottom-up DLT platform for DeFi_ to work for both users and developers. This is the purpose of Radix.
Incentives are needed to attract developers for the DeFi ecosystem to continue to grow. Radix has an innovative incentive program for developers that allows them to take advantage of the applications they contribute to. Radix has two significant innovations: The first is Cerberus, the scalable consensus protocol. Thanks to its highly fragmented data structure and its unique application layer, Cerberus can process many transactions.
The second innovation is the Radix Engine, a developer interface that enables public ledger to be quickly deployed in a secure environment. Radix Engine is the Radix application layer. In Crypto Chat, Piers anticipates that DeFi will have more liquidity in the transition market than any other exchange in the next decade. “The key component of DeFi is how liquidity can move between applications and products.” The Radix protocol is a combination of four core technologies that solve four significant issues to the growth of DeFi. It is a platform where transactions are fast with minimal transaction fee and high security. The scale is unlimited, and connections between applications. dApps can be created quickly and rely on their ability to safely manage user resources. Builders are rewarded directly from the platform for additional contributions, both large and small. It is a platform intended to serve as the basis for mainstream DeFi on a global scale.
Each of the four technologies on the Radix platform represents a breakthrough in the Defi-related issue we want to share with the world. At a critical technology milestone last year, the Radix team overcame DeFi’s core scalability problem by using its technology to over 1 million transactions per second, a performance that exceeds five times the NASDAQ at its peak.
THE POSSIBLE IMPACT OF DECENTRALIZED FINANCE
Five ways decentralized finance can affect the universe 1. Accessing financial services across borders With decentralized finance, all you need is an internet connection to access financial services in any part of the world. There are several barriers to access in the current system: Status: citizenship, document, identity, etc. Lack of Wealth: High Entry-Level Funds to Access Financial Services Location: Great distance to business economies and financial service providers A senior trader in a financial company will have the same access as a farmer in India’s remote area in a decentralized financial system.
  1. Affordable cross-border payments Decentralized funding eliminates costly intermediaries to make remittance services more affordable to the world’s population. In today’s system, sending money across borders is too expensive for people — the average global transfer fee is 7%. In decentralized financial services, transfer fees can be less than 3%.
  2. More privacy and security With decentralized finance, users have responsibility for their assets and can securely transact without a major party’s approval. In this day and age, parents risk people’s wealth and knowledge if they don’t protect them.
  3. Censorship-resistant transactions In a decentralized financial network, transactions are immutable, and blockchains cannot be closed by central institutions such as governments, central banks, or large corporations.
There are poor governance and authoritarianism. Users can exit the decentralized financial system to protect their assets. Venezuelans, for example, are already using Bitcoin to protect their wealth from government manipulation and hyperinflation. 5.Ease of use
With plug and play applications, users can spontaneously access and use the decentralized financial without centralized finance. With a decentralized system, anyone can get a loan from any part of the world through interoperable apps, invest in a business, pay off the loan, and make a profit.
writen By Naphtali Dabuk for more information visit https://t.me/radix_dlt https://twitter.com/radixdlt http://www.radixdlt.com/
submitted by d_realnafty to Radix [link] [comments]

Best Cryptocurrency Multi-Exchange Trading and Portfolio Management Platforms Ranking 2020

Best Cryptocurrency Multi-Exchange Trading and Portfolio Management Platforms Ranking 2020
Trade on multiple exchanges from a single platform and avoid the hassle of multiple logins, different interfaces, constant tab changing and overall keeping track of balance holdings and trades.
https://preview.redd.it/ksar6fkxmfv51.jpg?width=1200&format=pjpg&auto=webp&s=b8629b0f29aefd9546d816413cc82de9656ef7f9
With more than 300 cryptocurrency exchanges today, most traders have to manage multiple exchange accounts.
The need for more than one account usually rises because of the variety of offered crypto currency pairs, market liquidity, having to diversify the risk of being hacked, as well as the different trading tools and terms each exchange offers.
Trading and keeping track of your portfolios on multiple exchanges is time consuming, inefficient and frustrating. Having to log on different platforms, use different interfaces, keeping track of multiple portfolios and all trading related activities become increasingly difficult with each new account.
It would be simple and easy if you could connect all those exchange accounts into a single multi-exchange platform which combines all the data in real time and provides a single interface to control all remote exchange accounts.

Multi-exchange platforms

A multi-exchange platform allows the traders to connect all their exchange accounts into a single account through the user of API keys generated from the account of each exchange.
Once all accounts are connected into a single one, using the exchanges interfaces becomes obsolete. The unified account will now track and combine all portfolios and traders will be able to track prices, order statuses and other data across all exchange accounts from a single interface.
In addition, most multi-exchange platforms provide various information tools such as news aggregators, sentiment tools, arbitrage matrix and price alerts.
With regards to API keys security, these platforms do not require withdrawal or deposit permissions which limits the possibility of fraud and loss of funds.
Finally, multi-exchange platforms do not typically charge additional trading fees and do not require lengthy verification procedures.

The current top platforms

Currently there are a handful of multi-exchange platforms with a variety of services. They range from a simple crypto portfolio tracker to an advanced trading and portfolio management platform. A detailed list of all major multi-exchange platforms and their features can be found here: www.AltXpert.com
Here is an overview of the top 9 multi-exchange trading and portfolio management platforms:

1. CryptoView

https://preview.redd.it/1n7d13phnfv51.jpg?width=1899&format=pjpg&auto=webp&s=8d377fa3bbe1d79abebc8c48d709ccc86486f3c8
CryptoView is a multi-exchange trading and portfolio management platform equipped with a handful of useful integrations such as various cryptocurrency trading tools, portfolio analytics, a multi-source news aggregator, crypto events calendar and an outstanding multi-charting interface allowing endless customizations. It is an all-in-one solution for traders, crypto enthusiasts and professional fund managers.
CryptoView is a fully functional trading platform allowing you to trade on all major cryptocurrency exchanges from a single secured interface.
https://preview.redd.it/bx3uo5sxnfv51.jpg?width=625&format=pjpg&auto=webp&s=a6422960d15fe2ec8e2ec2c93eb7a148e34a8bb1

2. Bitsgap

https://preview.redd.it/lc7pyhornfv51.jpg?width=1622&format=pjpg&auto=webp&s=4cc3bfac8c53352402e30fe97d0ae5eafc2b6a1c
Bitsgap is an аll-in-one crypto trading platform designed to cover cross platform API trading and portfolio management with connection with most popular crypto exchanges and wallets. This multi-exchange cryptocurrency platform offers in addition to the full specter of trading tools the opportunity to use arbitrage trading on main and altcoins.
Integrated charts are powered by TradingView with all the provided drawing tools and technical indicators. Through API connection users can track and manage their entire portfolio at once.
https://preview.redd.it/jtkwnos0ofv51.jpg?width=625&format=pjpg&auto=webp&s=75947f76df659f2d928a6e893356251309086bea

3. Conigy

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Coinigy is a web based multi-exchange API trading platform combining full scope of trading features such as: advanced trade orders, price alerts, market data overview, crypto news and integrated charts from TradingView. The platform offers connection to more than 25 crypto exchanges and wallets covering most of the main and altcoins.
Single portfolio management is one of the main features of this multi-exchange cryptocurrency platform. Portfolio management across multiple exchanges and wallets can be performed from one unified account.
https://preview.redd.it/na5wvaq7ofv51.jpg?width=625&format=pjpg&auto=webp&s=9a444ccbb4e3efc5664f58d80e189df34913cc57

4. Quadency

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Quadency gives the opportunity to trade and manage an entire portfolio across multiple exchanges and trading platforms. By connecting API keys on existing accounts in exchanges and wallets, the users can execute advanced trading orders from one interface. All features combined in this solution makes it an all-in-one crypto trading platform for main and altcoins.
https://preview.redd.it/bhzwjh2dofv51.jpg?width=625&format=pjpg&auto=webp&s=dc80bc047e3c34d3539087686543408406f475ed

5. Crypto Hopper

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Cryptohopperis a multi-exchange trading and automated trading bot platform for cryptocurrencies. It allows its users to automate trading strategies that will trade cryptocurrencies like Bitcoin, Ethereum, Ripple and any other that supported exchanges offers.
Cryptohopperis designed to make traders more efficient by allowing them to copy other traders, automatically analyze the markets, manage all exchange accounts from one place and even use advanced tools like backtesting, market-making, and arbitrage.
https://preview.redd.it/jnwxcrcnofv51.jpg?width=625&format=pjpg&auto=webp&s=db672f248d6367ffdebce1bbf8de0d87a9211e64

6. LCX Terminal

https://preview.redd.it/aq234m6sofv51.jpg?width=1622&format=pjpg&auto=webp&s=53826a55cee5acadd9a0a40254b75a67546a41b8
LCX Terminal brings together real-time and full historical data of all major cryptocurrencies and trading pairs, smart automated and manual trading across all platforms, breaking news desk, social trading signals, powerful analytics and portfolio reporting — all combined in one platform. LCX Terminal cryptocurrency trading software is made for everyday traders as well as professional and institutional investors.
https://preview.redd.it/ffru2g1tofv51.jpg?width=625&format=pjpg&auto=webp&s=77b821d77b017871ffff0dc8d62408aef7a0ca31

7. Hyperlinq

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HyperLinq™ brings institutional-grade software with superior technology for digital assets and cryptocurrencies traders. Allows the users to track crypto assets on any major exchange or wallet through API connection. A simplified portfolio manager for cryptocurrencies and digital assets.
https://preview.redd.it/m3rfcdsyofv51.jpg?width=625&format=pjpg&auto=webp&s=d114c36c6d8798dfff836e8051d451f892e02936

8. Altrady

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Altrady is a comprehensive cryptocurrency trading platform. The platform provides full trading information such as price chart, order book, trade history, and depth chart.
It also offers immediate price alerts, portfolio manager, break-even calculator, and customizable trading pages by allowing traders to manipulate widgets to create preferred layout in order to trade comfortably, limit ladder order, gain quick access to market tabs, and integrated market scanners.
https://preview.redd.it/tgl99pu3pfv51.jpg?width=625&format=pjpg&auto=webp&s=6ffb6436bedc39f118313988099991005ab964ae

9. Aurox

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Auroxis a trading terminal that enables traders to supercharge their returns. With its multi-exchange integrated workspaces, Aurox provides a better platform for portfolio management, leads to faster trades and higher results for cryptocurrency investors.
https://preview.redd.it/cwfamzr7pfv51.jpg?width=625&format=pjpg&auto=webp&s=5427f35780a45617bb3b2a9c2abc37492f68ec4c
submitted by altXpert to u/altXpert [link] [comments]

How YFI came out of nowhere to become the fastest coin to reach $1B and the fastest coin to ever get listed on Coinbase

Note: As mentioned to the original 624 Reddit subscribers, there will be $YFI based Exclusive Original Content released here by myself and others from time to time. These kinds of interactive Deep Dives with a Q&A with fellow Investors / Beta Testers right afterwards is a rare thing in Crypto, and will only be found with this level of immediacy, social interaction, permanence, depth, and complexity of analysis and feedback on a platform like Reddit.

A lot of projects have low innovation, just copying something that someone else has already done, but with small tweaks to things like variables in Smart Contracts. A few rare projects have genuine innovation, providing genuine value to investors and users by providing attractive new products that simplify a lot of things in this space.
Even rarer are the Unicorns that not only have innovation, but they have innovation in spades, oozing out of every pore. $YFI is one of these types of Unicorns. The scope of products and rapidity of release of new revolutionary products of this project has been simply unmatched in the short history of Crypto.
Since 2009, the world of crypto has never seen anything like this lightning fast pace of development spanning such a wide scope of products - optimized automated yield farming and lending that relentlessly hunts the best yields, crypto insurance on Smart Contracts, a revolutionary Stablecoin idea that essentially makes a USD altcoin "smart" with built-in yield farming capabilities for the first time, to name a few - all built by a genius Smart Contract Builder who provided the world the first Fair Launch token.
Key to wrapping your head around the advantages that the yEarn Finance ecosystem has over - well, every single other option out there at this time - are the concepts below:

  1. CeFi vs. DeFi
  2. Composability
  3. Smart Contract Stacking
  4. The power of a Talented and Diverse DAO

To discuss these concepts, and to educate beginners, we have to understand what the terms above truly mean. This post doesn't discuss any particular products and their advantages, only the systemic advantages that are available only to $YFI. This project seems to attract the smartest and the highest risk taking of crypto investors, and an important thing in truly understanding all of the risks involved, is that you have to know the terms and concepts first. Even veteran crypto and DeFi users may be thrown for a loop by some of the innovative products and concepts that keep coming out of the YFI Labs.
This project is going through an expansion phase, where the scope of everything and the reach of the various released products is increasing (Insurance, A truly pegged Stablecoin, yETH Version 2, ySwap, yLiquidate, etc, etc..)
You know that there's some motherforker or twenty that is now just avidly waiting for every piece of code that Andre drops onto GitHub, so that they can be among the first to copy it verbatim then claim it as "their own variation" because they changed some variables and titles. Yawn.
From the definitive glossary for the DeFi space - yet another $YFI innovation - I'll list their definitions below. These may not be their final definitions when I finish any V1.1 edits to it, but they're good enough for now, and at least 3 or more YFI Dev Team members have read, reviewed, or edited these definitions. I've also invited my fellow Beta testers to provide comments to my RFC on this subreddit and in the Governance forum (among the documentation volunteers).
Yes, this is how early DeFi investors are in the development and maturation of the DeFi space. Anyone reading this right now is so early into DeFi's evolution that the terms used for this space are literally still being finalized by the community.
I've given a little bit of a sneak peek into how technical documentation is somehow self-organized in a powerful DAO such as this one. In this example, it starts off with a call for help on Twitter to improve our documentation by tracheopteryx. Interested and qualified volunteers show up (or don't) when such a call is made.
Your writers and editors have spent many a moment pondering off into space debating whether this term really means this or that, or if the term was either succinctly described, or fully sufficient. It's a usually thankless and anonymous job, that is critical in providing enough relevant information to its users and investors. [Note: Just like anything you see related to the $YFI project: You can help us improve this documentation - any of it - if you see errors or better ways of describing this information.]
All terms are shamelessly plagiarized from myself and my fellow writeeditors - u/tracheopteryx and Franklin - from the draft definitions in our new DeFi glossary: https://docs.yearn.finance/defi-glossary

1. CeFi vs. DeFi
CeFi - Centralized Finance. In terms of cryptocurrency, CeFi is represented by centralized cryptocurrency exchanges, businesses or organizations with a physical address, and usually with some sort of corporate structure. These CeFi businesses must follow all applicable laws, rules, and regulations in each country, state, or region in which they operate.
DeFi - DeFi, or Decentralized Finance, is at its root a set of Smart Contracts running independently on blockchains such as the Ethereum network. Smart Contracts may or may not interact with other smart contracts and even other blockchains.
The goal of DeFi is to enhance profitability of investors in DeFi through automated smart contracts seeking to maximize yields for invested funds. DeFi is marked by rapid innovative progression and testing of new ideas and concepts.
DeFi often involves high risk investing sometimes involving smart contracts that have not been audited or even thoroughly reviewed (a review is not as comprehensive as an audit, but may be also be included as part of an audit). Due to this and other reasons, DeFi is conventionally considered to be more risky than CeFi or traditional investing.
Comment: DeFi is higher risk, partly because it moves so fast. A lot of yams, hot dogs, and sushi can get lost when you move so fast that you can't even bother to do a thorough audit before releasing code. The cream of the crop projects will all have had multiple audits done by multiple independent auditors. Auditors are expensive. At such an embryonic stage, most projects can't afford to have one audit done let alone 5.
But if you can live with that higher risk intrinsic in DeFi and be willing to be a part of "testing in prod," then financial innovation can truly blossom. And if you let your best and brightest members of your community focus only on doing what they do best, then they don't have to bother to try to grow a business like a Bezos, Musk, or a Zuckerberg. Innovative entrepreneurs in this mold such as Andre, don't have to even try to do this business growth on their own because the DAO sets it up so that they don't have to do this. The DAO both grows the business while supporting and allowing these innovators to simply innovate, instead of trying to get nerds to do backroom deals to gain market share and access to new customers. It turns out that nerds are much more productive when you just let them be a nerd in their labs.

  1. Composability
Composability - The measure of the usability and ability of a product to be used as a building block (or "money lego") in the construction of other products or domains. A protocol that is simple, powerful, and that functions well with other protocols would be considered to have high composability.
Comment: The maturity of the cryptocurrency ecosystem and the evolution of composable building tools in the DeFi space now make new products and concepts available. $YFI would not have been possible only 2 or 3 years ago; the tools and ecosystem simply weren't ready for it yet.
This is why only now are you and many other now hearing about YFI. In 2018, Andre began providing free code reviews to Crypto Briefing. Andre had to learn to walk before he could run, and the composable tools needed to work on embryonic ideas in his head were simply not ready or available then. By reading and reviewing so many Smart Contracts he learned to recognize good code from bad code at what was still a very early stage in Smart Contract development in 2018, only 3 years after ETH's launch in July 2015.

  1. Smart Contract Stacking
Smart Contracts - A digital contract that is programmed in a language that is considered Turing complete, meaning that with enough processing power and time, a properly programmed Smart Contract should be able to use its code base and logical algorithms to perform almost any digital task or process. Ethereum's programming languages, such as Solidity and Vyper, are Turing complete.
Comment: Smart Contracts have actually gotten smarter since ETH launched in July 2015. It's because Smart Contract builders needed to learn Solidity and how it functions and interoperates before they could spread their wings as designers. With more time and experience under their belts, the early SC builders that stuck to it have gotten much better.
In Andre Cronje, we may have been witness to the rise of the next Satoshi or Vitalik of crypto. There is a reason that a couple of days ago, I counted 6 of 41 YF clones - nearly 15% - among the top gainers on the day. Success breeds copycats showing a ton of flattery. A smart contract is so smart, it can be used to be stacked upon other smart contracts such as at Aave or Maker.
True innovation takes time, sacrifice, blood, sweat, and tears. It does not come without cost to those doing the innovating.
There is not a single project in DeFi, CeFi, or even all of cryptocurrency that can claim the breadth and diversity of innovation and product reach that is found in the $YFI ecosystem. As a tech investor and professional nerd who's been involved at Research Labs and around product development and testing since before the year 2000. Prior to that I've ready widely and keenly to keep up with technological changes and assess investment potential in these disruptive changes nearly my whole life.
The amount of innovation shown in this project is breathtaking if you're a Tech or FinTech researcher. It's being released at a ridiculously rapid pace that is simply unmatched in any private or government research lab anywhere, let alone at any CeFi or traditional financial institution one can name. The only comparable levels of innovation shown by this young project is typically only seen during periods of epochal changes such as The Renaissance or times of strife and war, such as World War II.
Unless you've been in the industry and working with coders: I don't think those that haven't been around software development and testing can understand, can truly grasp that no one, no group does this. This isn't normal. This rapid-fire release of truly innovative code and intelligent strategies would have to be comparable to some of the greatest creative periods of human ingenuity and creativity. It's truly on par with periods of brilliance seen by thinkers like Newton, Einstein and Tesla, except with software code and concepts in decentralized finance. When the history of FinTech writes this chapter in its history, $YFI may need its own section or chapter.
Don't forget all of these financial instruments we take for granted all around us, all had a simple start somewhere, whether it was an IOU system of credit, insurance, stocks, bonds, derivatives, futures, options, and so on...they all started off as an idea somewhere that had to get tested sooner or later "in production."
One brilliant aspect of $YFI Smart Contracts is that they're built as a profitable layer atop existing DeFi protocols, extracting further value from base crypto assets and even primary crypto derivatives. $YFI is built atop existing smart contracts to create further value where there was none before, and help maximize gains for long term investors.

  1. The Power of a Talented and Diverse DAO
DAO - Distributed Autonomous Organization. The first DAO was started in 2016. According to Wikipedia's definition, it is an: "organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government. A DAO's financial transaction record and program rules are maintained on a blockchain."
When implemented well, a DAO allows for real world experiments in decentralized democratic organization and control, with more freedom of action and less regulatory oversight for DAO controlled projects and products when compared to legacy corporate structures and organizations.
Comment: yEarn Finance has shown us what a properly motivated and sufficiently powerful DAO can do in a short amount of time.
There's many reasons why this project with an already profitable business model is the fastest original project in history to ever reach a $1B marketcap in any market - traditional or crypto - accomplishing this amazing feat in less than two months. There's reasons why this is probably the fastest coin in history to get listed on Coinbase in less than 2 months.
The power of a sufficiently talented and diverse development team and community is stunning in its power, speed, and ability to get things done quickly. There are risks aplenty with parts of this project, but $YFI is now seen as a "safe" place in DeFi, because you know you that as far as yield farming you probably couldn't do it better yourself unless you took a chance on unaudited code with anonymous Devs, or you were doing the trading equivalent of throwing darts blindfolded and somehow won, except that you even more improbably kept doing that over and over and winning.

Summary: There's reasons why YFI has been called the Bitcoin of DeFi and the Berkshire Hathaway Series A of crypto. I've listed some of the reasons above. The confluence of these 4 factors has helped lead to explosive growth for this project.
This isn't financial advice as I'm not a financial pro but make no mistake: as a Crypto OG around crypto since early 2013, who was deeply involved in multiple community projects as an early organizer, and who was a small investor during the DotCom era investing in early giants that went on to be gorillas, I don't say this lightly that the $YFI project is lightning in a bottle and a diamond in the rough.
What $YFI allows, when all is said and done, is the rapid fire implementation of great ideas that have gone through a rapid Darwinian evolution, where only the best ideas are implemented. Thoughts and ideas are powerful things. The valuation of this coin and ecosystem has to, it must take into account that this nascent financial innovation hub and ecosystem actually works and allows the best of these ideas to actually blossom rapidly.
You just don't find too many gems like this.
submitted by CryptoOGkauai to yearn_finance [link] [comments]

Bitcoin Revolution Scam; Bitcoin Revolution Review

Bitcoin Revolution Scam; Bitcoin Revolution Review

Bitcoin Revolution Scam; Bitcoin Revolution Review
Is Bitcoin Revolution Really a Scam?
When it comes to cryptocurrency, there are two primary methods of making profits; you can either buy and hold several crypto coins and sell them after a prolonged period when it has probably increased in value or by actively trading cryptocurrencies on exchanges. Holding cryptocurrency is an efficient way of realizing profits in the crypto space. However, it requires a good amount of time and patience, which many investors do not possess, to yield results.
For those not willing to wait for long periods, actively trading cryptocurrencies might be a better option for you. All you have to do is follow the golden rule of trading which is “buy low, sell high.”
Note: The secret then to being a successful cryptocurrency trader is timing.
Trading bots are fast revolutionizing how we trade cryptos as they are considered to be more efficient than humans. Bots like the Bitcoin Revolution platform have made trading cryptocurrency more efficient. You could decide to master the art of active trading and outsmart the bots, however, this can be very arduous and time-intensive. So, an excellent option would be to set-up a personal trading bot to better guarantee your success in this market.
We tested the Bitcoin Revolution bot live trading and found it to be an excellent, easy to use, successful software for both new and seasoned traders.
Is Bitcoin Revolution a Scam?
It is possible to become proficient at analyzing markets, however, it requires the mastery of technical analysis. Even after mastery, it is humanly impossible to always be in front of your computer analyzing and scouring the market for trading opportunities. This is where the trading bots come into play.
Bitcoin Revolution platform is a software that claims to allow its user to create a trading strategy and algorithm that are automatically executed on behalf of the user once pre-set market conditions or levels are met in live trading. The wonderful thing about it is that it runs on the cloud, which means it can function even when your PC is off. All that is required after setting up is to give the bot the required permission and that’s it.
How does Bitcoin Revolution Work?
We made sure to dot the I’s and cross the T’s with this Bitcoin Revolution review. We followed each step from registration to making a profit, testing each setting and feature. In the end, our conclusion is that Bitcoin Revolution us an outstanding cryptocurrency auto trading platform that can make you significant profits in a very short time.
Is Bitcoin Revolution a Con?
The Bitcoin Revolution investment scheme has been around for quite some time but it has recently gathered more interest as the coronavirus outbreak intensifies and people are struggling to find more income due to job losses and other economic factors.
The Bitcoin Revolution app claims to be “automated trading software that has been designed to trade the bitcoin and cryptocurrency markets,” its website states. For those looking to figure out if the Bitcoin Revolution app is a legit investment opportunity or a scam, there are several red flags to note. Firstly, the Bitcoin Revolution website is a cookie-cutter website that is shared by many other known scams. Victims of bitcoin revolution scams and other crypto scams can check this article on how to recover scammed bitcoin or stolen crypto.
Is Bitcoin Revolution Legit?
Boasting that its app has “a very high success rate of over 99%,” the Bitcoin Revolution website claims: “This means that most of the trades it enters into end successfully. What this means is that you could be earning over $1,000 a day.”
To lure unsuspecting investors, Bitcoin Revolution and other scams using the same website format make themselves seem like they have been endorsed by celebrities. Their promo video features a lot of prominent international figures, especially in the technological and financial space.
People from various countries have been drawn to Bitcoin Revolution hoping that it would be a safe investment option during the coronavirus pandemic, including those in Australia, Europe, Singapore, the UAE, El Salvador, and South Africa.
Is Bitcoin Revolution a Scam Australia?
Australians have been warned that there is: "A cryptocurrency investment scheme called Bitcoin Revolution has recently garnered interest worldwide with its claim that investors could easily earn over $1,000 a day. They could even become millionaires within 61 days using the Bitcoin Revolution app. However, this is a scam and it recently ran into trouble with the Securities and Exchange Commission of the Philippines."
Have you lost the money Bitcoin Revolution and need to get it back? Send an email to - [email protected] to recover your lost money.
submitted by Babyelijah to u/Babyelijah [link] [comments]

Dragonchain Great Reddit Scaling Bake-Off Public Proposal

Dragonchain Great Reddit Scaling Bake-Off Public Proposal

Dragonchain Public Proposal TL;DR:

Dragonchain has demonstrated twice Reddit’s entire total daily volume (votes, comments, and posts per Reddit 2019 Year in Review) in a 24-hour demo on an operational network. Every single transaction on Dragonchain is decentralized immediately through 5 levels of Dragon Net, and then secured with combined proof on Bitcoin, Ethereum, Ethereum Classic, and Binance Chain, via Interchain. At the time, in January 2020, the entire cost of the demo was approximately $25K on a single system (transaction fees locked at $0.0001/txn). With current fees (lowest fee $0.0000025/txn), this would cost as little as $625.
Watch Joe walk through the entire proposal and answer questions on YouTube.
This proposal is also available on the Dragonchain blog.

Hello Reddit and Ethereum community!

I’m Joe Roets, Founder & CEO of Dragonchain. When the team and I first heard about The Great Reddit Scaling Bake-Off we were intrigued. We believe we have the solutions Reddit seeks for its community points system and we have them at scale.
For your consideration, we have submitted our proposal below. The team at Dragonchain and I welcome and look forward to your technical questions, philosophical feedback, and fair criticism, to build a scaling solution for Reddit that will empower its users. Because our architecture is unlike other blockchain platforms out there today, we expect to receive many questions while people try to grasp our project. I will answer all questions here in this thread on Reddit, and I've answered some questions in the stream on YouTube.
We have seen good discussions so far in the competition. We hope that Reddit’s scaling solution will emerge from The Great Reddit Scaling Bake-Off and that Reddit will have great success with the implementation.

Executive summary

Dragonchain is a robust open source hybrid blockchain platform that has proven to withstand the passing of time since our inception in 2014. We have continued to evolve to harness the scalability of private nodes, yet take full advantage of the security of public decentralized networks, like Ethereum. We have a live, operational, and fully functional Interchain network integrating Bitcoin, Ethereum, Ethereum Classic, and ~700 independent Dragonchain nodes. Every transaction is secured to Ethereum, Bitcoin, and Ethereum Classic. Transactions are immediately usable on chain, and the first decentralization is seen within 20 seconds on Dragon Net. Security increases further to public networks ETH, BTC, and ETC within 10 minutes to 2 hours. Smart contracts can be written in any executable language, offering full freedom to existing developers. We invite any developer to watch the demo, play with our SDK’s, review open source code, and to help us move forward. Dragonchain specializes in scalable loyalty & rewards solutions and has built a decentralized social network on chain, with very affordable transaction costs. This experience can be combined with the insights Reddit and the Ethereum community have gained in the past couple of months to roll out the solution at a rapid pace.

Response and PoC

In The Great Reddit Scaling Bake-Off post, Reddit has asked for a series of demonstrations, requirements, and other considerations. In this section, we will attempt to answer all of these requests.

Live Demo

A live proof of concept showing hundreds of thousands of transactions
On Jan 7, 2020, Dragonchain hosted a 24-hour live demonstration during which a quarter of a billion (250 million+) transactions executed fully on an operational network. Every single transaction on Dragonchain is decentralized immediately through 5 levels of Dragon Net, and then secured with combined proof on Bitcoin, Ethereum, Ethereum Classic, and Binance Chain, via Interchain. This means that every single transaction is secured by, and traceable to these networks. An attack on this system would require a simultaneous attack on all of the Interchained networks.
24 hours in 4 minutes (YouTube):
24 hours in 4 minutes
The demonstration was of a single business system, and any user is able to scale this further, by running multiple systems simultaneously. Our goals for the event were to demonstrate a consistent capacity greater than that of Visa over an extended time period.
Tooling to reproduce our demo is available here:
https://github.com/dragonchain/spirit-bomb

Source Code

Source code (for on & off-chain components as well tooling used for the PoC). The source code does not have to be shared publicly, but if Reddit decides to use a particular solution it will need to be shared with Reddit at some point.

Scaling

How it works & scales

Architectural Scaling

Dragonchain’s architecture attacks the scalability issue from multiple angles. Dragonchain is a hybrid blockchain platform, wherein every transaction is protected on a business node to the requirements of that business or purpose. A business node may be held completely private or may be exposed or replicated to any level of exposure desired.
Every node has its own blockchain and is independently scalable. Dragonchain established Context Based Verification as its consensus model. Every transaction is immediately usable on a trust basis, and in time is provable to an increasing level of decentralized consensus. A transaction will have a level of decentralization to independently owned and deployed Dragonchain nodes (~700 nodes) within seconds, and full decentralization to BTC and ETH within minutes or hours. Level 5 nodes (Interchain nodes) function to secure all transactions to public or otherwise external chains such as Bitcoin and Ethereum. These nodes scale the system by aggregating multiple blocks into a single Interchain transaction on a cadence. This timing is configurable based upon average fees for each respective chain. For detailed information about Dragonchain’s architecture, and Context Based Verification, please refer to the Dragonchain Architecture Document.

Economic Scaling

An interesting feature of Dragonchain’s network consensus is its economics and scarcity model. Since Dragon Net nodes (L2-L4) are independent staking nodes, deployment to cloud platforms would allow any of these nodes to scale to take on a large percentage of the verification work. This is great for scalability, but not good for the economy, because there is no scarcity, and pricing would develop a downward spiral and result in fewer verification nodes. For this reason, Dragonchain uses TIME as scarcity.
TIME is calculated as the number of Dragons held, multiplied by the number of days held. TIME influences the user’s access to features within the Dragonchain ecosystem. It takes into account both the Dragon balance and length of time each Dragon is held. TIME is staked by users against every verification node and dictates how much of the transaction fees are awarded to each participating node for every block.
TIME also dictates the transaction fee itself for the business node. TIME is staked against a business node to set a deterministic transaction fee level (see transaction fee table below in Cost section). This is very interesting in a discussion about scaling because it guarantees independence for business implementation. No matter how much traffic appears on the entire network, a business is guaranteed to not see an increased transaction fee rate.

Scaled Deployment

Dragonchain uses Docker and Kubernetes to allow the use of best practices traditional system scaling. Dragonchain offers managed nodes with an easy to use web based console interface. The user may also deploy a Dragonchain node within their own datacenter or favorite cloud platform. Users have deployed Dragonchain nodes on-prem on Amazon AWS, Google Cloud, MS Azure, and other hosting platforms around the world. Any executable code, anything you can write, can be written into a smart contract. This flexibility is what allows us to say that developers with no blockchain experience can use any code language to access the benefits of blockchain. Customers have used NodeJS, Python, Java, and even BASH shell script to write smart contracts on Dragonchain.
With Docker containers, we achieve better separation of concerns, faster deployment, higher reliability, and lower response times.
We chose Kubernetes for its self-healing features, ability to run multiple services on one server, and its large and thriving development community. It is resilient, scalable, and automated. OpenFaaS allows us to package smart contracts as Docker images for easy deployment.
Contract deployment time is now bounded only by the size of the Docker image being deployed but remains fast even for reasonably large images. We also take advantage of Docker’s flexibility and its ability to support any language that can run on x86 architecture. Any image, public or private, can be run as a smart contract using Dragonchain.

Flexibility in Scaling

Dragonchain’s architecture considers interoperability and integration as key features. From inception, we had a goal to increase adoption via integration with real business use cases and traditional systems.
We envision the ability for Reddit, in the future, to be able to integrate alternate content storage platforms or other financial services along with the token.
  • LBRY - To allow users to deploy content natively to LBRY
  • MakerDAO to allow users to lend small amounts backed by their Reddit community points.
  • STORJ/SIA to allow decentralized on chain storage of portions of content. These integrations or any other are relatively easy to integrate on Dragonchain with an Interchain implementation.

Cost

Cost estimates (on-chain and off-chain) For the purpose of this proposal, we assume that all transactions are on chain (posts, replies, and votes).
On the Dragonchain network, transaction costs are deterministic/predictable. By staking TIME on the business node (as described above) Reddit can reduce transaction costs to as low as $0.0000025 per transaction.
Dragonchain Fees Table

Getting Started

How to run it
Building on Dragonchain is simple and requires no blockchain experience. Spin up a business node (L1) in our managed environment (AWS), run it in your own cloud environment, or on-prem in your own datacenter. Clear documentation will walk you through the steps of spinning up your first Dragonchain Level 1 Business node.
Getting started is easy...
  1. Download Dragonchain’s dctl
  2. Input three commands into a terminal
  3. Build an image
  4. Run it
More information can be found in our Get started documents.

Architecture
Dragonchain is an open source hybrid platform. Through Dragon Net, each chain combines the power of a public blockchain (like Ethereum) with the privacy of a private blockchain.
Dragonchain organizes its network into five separate levels. A Level 1, or business node, is a totally private blockchain only accessible through the use of public/private keypairs. All business logic, including smart contracts, can be executed on this node directly and added to the chain.
After creating a block, the Level 1 business node broadcasts a version stripped of sensitive private data to Dragon Net. Three Level 2 Validating nodes validate the transaction based on guidelines determined from the business. A Level 3 Diversity node checks that the level 2 nodes are from a diverse array of locations. A Level 4 Notary node, hosted by a KYC partner, then signs the validation record received from the Level 3 node. The transaction hash is ledgered to the Level 5 public chain to take advantage of the hash power of massive public networks.
Dragon Net can be thought of as a “blockchain of blockchains”, where every level is a complete private blockchain. Because an L1 can send to multiple nodes on a single level, proof of existence is distributed among many places in the network. Eventually, proof of existence reaches level 5 and is published on a public network.

API Documentation

APIs (on chain & off)

SDK Source

Nobody’s Perfect

Known issues or tradeoffs
  • Dragonchain is open source and even though the platform is easy enough for developers to code in any language they are comfortable with, we do not have so large a developer community as Ethereum. We would like to see the Ethereum developer community (and any other communities) become familiar with our SDK’s, our solutions, and our platform, to unlock the full potential of our Ethereum Interchain. Long ago we decided to prioritize both Bitcoin and Ethereum Interchains. We envision an ecosystem that encompasses different projects to give developers the ability to take full advantage of all the opportunities blockchain offers to create decentralized solutions not only for Reddit but for all of our current platforms and systems. We believe that together we will take the adoption of blockchain further. We currently have additional Interchain with Ethereum Classic. We look forward to Interchain with other blockchains in the future. We invite all blockchains projects who believe in decentralization and security to Interchain with Dragonchain.
  • While we only have 700 nodes compared to 8,000 Ethereum and 10,000 Bitcoin nodes. We harness those 18,000 nodes to scale to extremely high levels of security. See Dragonchain metrics.
  • Some may consider the centralization of Dragonchain’s business nodes as an issue at first glance, however, the model is by design to protect business data. We do not consider this a drawback as these nodes can make any, none, or all data public. Depending upon the implementation, every subreddit could have control of its own business node, for potential business and enterprise offerings, bringing new alternative revenue streams to Reddit.

Costs and resources

Summary of cost & resource information for both on-chain & off-chain components used in the PoC, as well as cost & resource estimates for further scaling. If your PoC is not on mainnet, make note of any mainnet caveats (such as congestion issues).
Every transaction on the PoC system had a transaction fee of $0.0001 (one-hundredth of a cent USD). At 256MM transactions, the demo cost $25,600. With current operational fees, the same demonstration would cost $640 USD.
For the demonstration, to achieve throughput to mimic a worldwide payments network, we modeled several clients in AWS and 4-5 business nodes to handle the traffic. The business nodes were tuned to handle higher throughput by adjusting memory and machine footprint on AWS. This flexibility is valuable to implementing a system such as envisioned by Reddit. Given that Reddit’s daily traffic (posts, replies, and votes) is less than half that of our demo, we would expect that the entire Reddit system could be handled on 2-5 business nodes using right-sized containers on AWS or similar environments.
Verification was accomplished on the operational Dragon Net network with over 700 independently owned verification nodes running around the world at no cost to the business other than paid transaction fees.

Requirements

Scaling

This PoC should scale to the numbers below with minimal costs (both on & off-chain). There should also be a clear path to supporting hundreds of millions of users.
Over a 5 day period, your scaling PoC should be able to handle:
*100,000 point claims (minting & distributing points) *25,000 subscriptions *75,000 one-off points burning *100,000 transfers
During Dragonchain’s 24 hour demo, the above required numbers were reached within the first few minutes.
Reddit’s total activity is 9000% more than Ethereum’s total transaction level. Even if you do not include votes, it is still 700% more than Ethereum’s current volume. Dragonchain has demonstrated that it can handle 250 million transactions a day, and it’s architecture allows for multiple systems to work at that level simultaneously. In our PoC, we demonstrate double the full capacity of Reddit, and every transaction was proven all the way to Bitcoin and Ethereum.
Reddit Scaling on Ethereum

Decentralization

Solutions should not depend on any single third-party provider. We prefer solutions that do not depend on specific entities such as Reddit or another provider, and solutions with no single point of control or failure in off-chain components but recognize there are numerous trade-offs to consider
Dragonchain’s architecture calls for a hybrid approach. Private business nodes hold the sensitive data while the validation and verification of transactions for the business are decentralized within seconds and secured to public blockchains within 10 minutes to 2 hours. Nodes could potentially be controlled by owners of individual subreddits for more organic decentralization.
  • Billing is currently centralized - there is a path to federation and decentralization of a scaled billing solution.
  • Operational multi-cloud
  • Operational on-premises capabilities
  • Operational deployment to any datacenter
  • Over 700 independent Community Verification Nodes with proof of ownership
  • Operational Interchain (Interoperable to Bitcoin, Ethereum, and Ethereum Classic, open to more)

Usability Scaling solutions should have a simple end user experience.

Users shouldn't have to maintain any extra state/proofs, regularly monitor activity, keep track of extra keys, or sign anything other than their normal transactions
Dragonchain and its customers have demonstrated extraordinary usability as a feature in many applications, where users do not need to know that the system is backed by a live blockchain. Lyceum is one of these examples, where the progress of academy courses is being tracked, and successful completion of courses is rewarded with certificates on chain. Our @Save_The_Tweet bot is popular on Twitter. When used with one of the following hashtags - #please, #blockchain, #ThankYou, or #eternalize the tweet is saved through Eternal to multiple blockchains. A proof report is available for future reference. Other examples in use are DEN, our decentralized social media platform, and our console, where users can track their node rewards, view their TIME, and operate a business node.
Examples:

Transactions complete in a reasonable amount of time (seconds or minutes, not hours or days)
All transactions are immediately usable on chain by the system. A transaction begins the path to decentralization at the conclusion of a 5-second block when it gets distributed across 5 separate community run nodes. Full decentralization occurs within 10 minutes to 2 hours depending on which interchain (Bitcoin, Ethereum, or Ethereum Classic) the transaction hits first. Within approximately 2 hours, the combined hash power of all interchained blockchains secures the transaction.

Free to use for end users (no gas fees, or fixed/minimal fees that Reddit can pay on their behalf)
With transaction pricing as low as $0.0000025 per transaction, it may be considered reasonable for Reddit to cover transaction fees for users.
All of Reddit's Transactions on Blockchain (month)
Community points can be earned by users and distributed directly to their Reddit account in batch (as per Reddit minting plan), and allow users to withdraw rewards to their Ethereum wallet whenever they wish. Withdrawal fees can be paid by either user or Reddit. This model has been operating inside the Dragonchain system since 2018, and many security and financial compliance features can be optionally added. We feel that this capability greatly enhances user experience because it is seamless to a regular user without cryptocurrency experience, yet flexible to a tech savvy user. With regard to currency or token transactions, these would occur on the Reddit network, verified to BTC and ETH. These transactions would incur the $0.0000025 transaction fee. To estimate this fee we use the monthly active Reddit users statista with a 60% adoption rate and an estimated 10 transactions per month average resulting in an approximate $720 cost across the system. Reddit could feasibly incur all associated internal network charges (mining/minting, transfer, burn) as these are very low and controllable fees.
Reddit Internal Token Transaction Fees

Reddit Ethereum Token Transaction Fees
When we consider further the Ethereum fees that might be incurred, we have a few choices for a solution.
  1. Offload all Ethereum transaction fees (user withdrawals) to interested users as they wish to withdraw tokens for external use or sale.
  2. Cover Ethereum transaction fees by aggregating them on a timed schedule. Users would request withdrawal (from Reddit or individual subreddits), and they would be transacted on the Ethereum network every hour (or some other schedule).
  3. In a combination of the above, customers could cover aggregated fees.
  4. Integrate with alternate Ethereum roll up solutions or other proposals to aggregate minting and distribution transactions onto Ethereum.

Bonus Points

Users should be able to view their balances & transactions via a blockchain explorer-style interface
From interfaces for users who have no knowledge of blockchain technology to users who are well versed in blockchain terms such as those present in a typical block explorer, a system powered by Dragonchain has flexibility on how to provide balances and transaction data to users. Transactions can be made viewable in an Eternal Proof Report, which displays raw data along with TIME staking information and traceability all the way to Bitcoin, Ethereum, and every other Interchained network. The report shows fields such as transaction ID, timestamp, block ID, multiple verifications, and Interchain proof. See example here.
Node payouts within the Dragonchain console are listed in chronological order and can be further seen in either Dragons or USD. See example here.
In our social media platform, Dragon Den, users can see, in real-time, their NRG and MTR balances. See example here.
A new influencer app powered by Dragonchain, Raiinmaker, breaks down data into a user friendly interface that shows coin portfolio, redeemed rewards, and social scores per campaign. See example here.

Exiting is fast & simple
Withdrawing funds on Dragonchain’s console requires three clicks, however, withdrawal scenarios with more enhanced security features per Reddit’s discretion are obtainable.

Interoperability Compatibility with third party apps (wallets/contracts/etc) is necessary.
Proven interoperability at scale that surpasses the required specifications. Our entire platform consists of interoperable blockchains connected to each other and traditional systems. APIs are well documented. Third party permissions are possible with a simple smart contract without the end user being aware. No need to learn any specialized proprietary language. Any code base (not subsets) is usable within a Docker container. Interoperable with any blockchain or traditional APIs. We’ve witnessed relatively complex systems built by engineers with no blockchain or cryptocurrency experience. We’ve also demonstrated the creation of smart contracts within minutes built with BASH shell and Node.js. Please see our source code and API documentation.

Scaling solutions should be extensible and allow third parties to build on top of it Open source and extensible
APIs should be well documented and stable

Documentation should be clear and complete
For full documentation, explore our docs, SDK’s, Github repo’s, architecture documents, original Disney documentation, and other links or resources provided in this proposal.

Third-party permissionless integrations should be possible & straightforward Smart contracts are Docker based, can be written in any language, use full language (not subsets), and can therefore be integrated with any system including traditional system APIs. Simple is better. Learning an uncommon or proprietary language should not be necessary.
Advanced knowledge of mathematics, cryptography, or L2 scaling should not be required. Compatibility with common utilities & toolchains is expected.
Dragonchain business nodes and smart contracts leverage Docker to allow the use of literally any language or executable code. No proprietary language is necessary. We’ve witnessed relatively complex systems built by engineers with no blockchain or cryptocurrency experience. We’ve also demonstrated the creation of smart contracts within minutes built with BASH shell and Node.js.

Bonus

Bonus Points: Show us how it works. Do you have an idea for a cool new use case for Community Points? Build it!

TIME

Community points could be awarded to Reddit users based upon TIME too, whereas the longer someone is part of a subreddit, the more community points someone naturally gained, even if not actively commenting or sharing new posts. A daily login could be required for these community points to be credited. This grants awards to readers too and incentivizes readers to create an account on Reddit if they browse the website often. This concept could also be leveraged to provide some level of reputation based upon duration and consistency of contribution to a community subreddit.

Dragon Den

Dragonchain has already built a social media platform that harnesses community involvement. Dragon Den is a decentralized community built on the Dragonchain blockchain platform. Dragon Den is Dragonchain’s answer to fake news, trolling, and censorship. It incentivizes the creation and evaluation of quality content within communities. It could be described as being a shareholder of a subreddit or Reddit in its entirety. The more your subreddit is thriving, the more rewarding it will be. Den is currently in a public beta and in active development, though the real token economy is not live yet. There are different tokens for various purposes. Two tokens are Lair Ownership Rights (LOR) and Lair Ownership Tokens (LOT). LOT is a non-fungible token for ownership of a specific Lair. LOT will only be created and converted from LOR.
Energy (NRG) and Matter (MTR) work jointly. Your MTR determines how much NRG you receive in a 24-hour period. Providing quality content, or evaluating content will earn MTR.

Security. Users have full ownership & control of their points.
All community points awarded based upon any type of activity or gift, are secured and provable to all Interchain networks (currently BTC, ETH, ETC). Users are free to spend and withdraw their points as they please, depending on the features Reddit wants to bring into production.

Balances and transactions cannot be forged, manipulated, or blocked by Reddit or anyone else
Users can withdraw their balance to their ERC20 wallet, directly through Reddit. Reddit can cover the fees on their behalf, or the user covers this with a portion of their balance.

Users should own their points and be able to get on-chain ERC20 tokens without permission from anyone else
Through our console users can withdraw their ERC20 rewards. This can be achieved on Reddit too. Here is a walkthrough of our console, though this does not show the quick withdrawal functionality, a user can withdraw at any time. https://www.youtube.com/watch?v=aNlTMxnfVHw

Points should be recoverable to on-chain ERC20 tokens even if all third-parties involved go offline
If necessary, signed transactions from the Reddit system (e.g. Reddit + Subreddit) can be sent to the Ethereum smart contract for minting.

A public, third-party review attesting to the soundness of the design should be available
To our knowledge, at least two large corporations, including a top 3 accounting firm, have conducted positive reviews. These reviews have never been made public, as Dragonchain did not pay or contract for these studies to be released.

Bonus points
Public, third-party implementation review available or in progress
See above

Compatibility with HSMs & hardware wallets
For the purpose of this proposal, all tokenization would be on the Ethereum network using standard token contracts and as such, would be able to leverage all hardware wallet and Ethereum ecosystem services.

Other Considerations

Minting/distributing tokens is not performed by Reddit directly
This operation can be automated by smart contract on Ethereum. Subreddits can if desired have a role to play.

One off point burning, as well as recurring, non-interactive point burning (for subreddit memberships) should be possible and scalable
This is possible and scalable with interaction between Dragonchain Reddit system and Ethereum token contract(s).

Fully open-source solutions are strongly preferred
Dragonchain is fully open source (see section on Disney release after conclusion).

Conclusion

Whether it is today, or in the future, we would like to work together to bring secure flexibility to the highest standards. It is our hope to be considered by Ethereum, Reddit, and other integrative solutions so we may further discuss the possibilities of implementation. In our public demonstration, 256 million transactions were handled in our operational network on chain in 24 hours, for the low cost of $25K, which if run today would cost $625. Dragonchain’s interoperable foundation provides the atmosphere necessary to implement a frictionless community points system. Thank you for your consideration of our proposal. We look forward to working with the community to make something great!

Disney Releases Blockchain Platform as Open Source

The team at Disney created the Disney Private Blockchain Platform. The system was a hybrid interoperable blockchain platform for ledgering and smart contract development geared toward solving problems with blockchain adoption and usability. All objective evaluation would consider the team’s output a success. We released a list of use cases that we explored in some capacity at Disney, and our input on blockchain standardization as part of our participation in the W3C Blockchain Community Group.
https://lists.w3.org/Archives/Public/public-blockchain/2016May/0052.html

Open Source

In 2016, Roets proposed to release the platform as open source to spread the technology outside of Disney, as others within the W3C group were interested in the solutions that had been created inside of Disney.
Following a long process, step by step, the team met requirements for release. Among the requirements, the team had to:
  • Obtain VP support and approval for the release
  • Verify ownership of the software to be released
  • Verify that no proprietary content would be released
  • Convince the organization that there was a value to the open source community
  • Convince the organization that there was a value to Disney
  • Offer the plan for ongoing maintenance of the project outside of Disney
  • Itemize competing projects
  • Verify no conflict of interest
  • Preferred license
  • Change the project name to not use the name Disney, any Disney character, or any other associated IP - proposed Dragonchain - approved
  • Obtain legal approval
  • Approval from corporate, parks, and other business units
  • Approval from multiple Disney patent groups Copyright holder defined by Disney (Disney Connected and Advanced Technologies)
  • Trademark searches conducted for the selected name Dragonchain
  • Obtain IT security approval
  • Manual review of OSS components conducted
  • OWASP Dependency and Vulnerability Check Conducted
  • Obtain technical (software) approval
  • Offer management, process, and financial plans for the maintenance of the project.
  • Meet list of items to be addressed before release
  • Remove all Disney project references and scripts
  • Create a public distribution list for email communications
  • Remove Roets’ direct and internal contact information
  • Create public Slack channel and move from Disney slack channels
  • Create proper labels for issue tracking
  • Rename internal private Github repository
  • Add informative description to Github page
  • Expand README.md with more specific information
  • Add information beyond current “Blockchains are Magic”
  • Add getting started sections and info on cloning/forking the project
  • Add installation details
  • Add uninstall process
  • Add unit, functional, and integration test information
  • Detail how to contribute and get involved
  • Describe the git workflow that the project will use
  • Move to public, non-Disney git repository (Github or Bitbucket)
  • Obtain Disney Open Source Committee approval for release
On top of meeting the above criteria, as part of the process, the maintainer of the project had to receive the codebase on their own personal email and create accounts for maintenance (e.g. Github) with non-Disney accounts. Given the fact that the project spanned multiple business units, Roets was individually responsible for its ongoing maintenance. Because of this, he proposed in the open source application to create a non-profit organization to hold the IP and maintain the project. This was approved by Disney.
The Disney Open Source Committee approved the application known as OSSRELEASE-10, and the code was released on October 2, 2016. Disney decided to not issue a press release.
Original OSSRELASE-10 document

Dragonchain Foundation

The Dragonchain Foundation was created on January 17, 2017. https://den.social/l/Dragonchain/24130078352e485d96d2125082151cf0/dragonchain-and-disney/
submitted by j0j0r0 to ethereum [link] [comments]

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