Hiya folks! Long time since I shared a weekly update. Let's see if I can catch up with the latest in the next few days. Wish me luck. Here’s your week at Parachute + partners (18 Oct - 24 Oct'19):submitted by abhijoysarkar to ParachuteToken [link] [comments]
This week’s Parena saw rageagainst take home a cool 50k $PAR by beating Ryan in a quick finale battle. The ParJar Battle Royale for our newest ParJar Pilot partners was this week. A ton of fun and a lot of $PAR (and $AMGO) tipped out. The official numbers of the $AMGO airdrop is out. The event which happened few weeks back saw 27k new ParJar wallets receiving the drop. Sweet! In this week’s TTR trivias, we saw 25k $PAR given out in MrPromise’s 10 question physics quiz, folks getting bamboozled in Charlotte’s Math trivia (10Qs, 2500 $PAR each), Doc Victor’s Video Games and War quiz seeing a participation frenzy for a 25k $PAR pot for 10 questions. Plus, Benjamin hosted a 10Q, 25k $PAR pot trivia based on the 2nd edition of the Parachute Post that he wrote. Even if you didn’t win, you definitely know more about Parachute and ParJar now. Thanks Ben!
Jose is making a Parachute CS map (de_parachute). Awesome! Gamers get ready
KellyBoy won 12,500 $PAR in Jason’s first ever raffle. Another first ever this week was Jason’s #WholesomeWed initiative: participants win $PAR for writing “about what they like about where they live”. Higher tips for photos, descriptions, stories, poems. Thank you Andy, Jason, Trojak, Nico B, Jeff Crypto, Gisele, Andhrew666, Reyna, Tavo (Gustavo), Cap, Zion, Lordhades, Marcos, Evangelina, Jose, Doc Victor, Saman, Richi, Shirin, Elena, Charlotte, Borna, Gl1tch, Bose Grace, Naya, Fadlan, Hanabi, dontouchscreen, Martha, Mariuska, Maiden, Jorge, Abdul, Labyb, CF (not Crypto French :p), Rin, Annerys, Mike India, Santhi, Adrian, Alexis, Frank, Glox, Muksin, Shaq Diesel, Alanys, Daniel, Brian, Yoleidis and Alejandro for the pictures! The Parachute Treasure Hunt finally has a winner. Congratulations to Justin Tobin for winning a boatload of crypto! Also, great teamwork by Harry, Edson, Unique, Reuben, Alimam and Doc Vic for getting the 2nd position. Two-for-Tuesday is back! This time in Parachute. This week’s theme was Rap/Reggae/Reggaeton. Super fun as always, Gian!
PARachuter lunch. PAR is everywhere #PARroundings. Pic courtesy: Sebastian
aXpire announced this week that they were joining the Oracle for Startups ecosystem. This initiative helps startups grow by leveraging Oracle’s PaaS and IaaS platforms. Watch the latest weekly update from Joakim by clicking here. The weekly 20k $AXPR burn can be tracked here. The team also opened up a question form for an AMA next month. Last week, we shared that $BAT is now tradeable/spendable/sendable on 2gether. Read more about it here. The latest feature in the app allows you check price history of cryptos. Neat! Participants of the Crypto Talent competition, don’t forget to check out Salva’s video on foundations of the economy. Founding Partner Luis Estrada will be speaking on AI, Cloud and BigData at the eShow in Madrid next week. Following and chatting options are now live in the WednesdayClub dApp. Noice! The latest WandX update covers developments from the strategic front, especially how the team is navigating the challenges of cross blockchain applications and regulations vis-à-vis Dex’es. As mentioned in the previous updates, XIO will not switch to Binance Chain and will continue to remain on Ethereum. Zachary explained in detail the events that lead to the decision in this article and video. There will still be a token swap but it will be an ERC20:ERC20 token swap to filter out inactive wallets. Details on how to do the swap will be shared in future updates. The first set of XIO incubated startups are also slated to be revealed soon. If you wish to receive regular XIO mailer updates, make sure to register as a Citizen here. Uber cool gif, Jimpanze! This week’s community discussions revolved around utility vs adoption, liquidity pool on Uniswap and multi-collateral XIO.
\"First sneak peek at some conceptual UI/UX of $XIO\". Nice!
$HYDRO is now tradeable on Liquid with a $BTC and $EUR pairing. Deploying Hydrogen’s PaaS for your fintech needs could lead to massive cost savings. Read more about it here. Dedicated socials and website for the Hydro Labs were launched this week. Plus, a Turkish blog. The team travelled to Montreal for Fintech Forum Canada and to Madrid for the BBVA Open Summit. Ahead of the 2019 Fintech Awards in which Hydro is a nominee, the project was covered in an article by Benzinga. And a cool shoutout from Bank Innovation. Hydrogen is also a finalist in the Most Innovative Banking Technology Provider category of the Banking Technology Awards 2019. Woohoo! Hydro's webinar on financial wellness happened this week. The Hydro 2FA solution is now integrated in the Barginex trading platform. A sweet bugfix bounty of $10k HYDRO got scooped up within a day of announcement. Click here to catch up on the latest ongoings on the dev front at Silent Notary. Tech nerds, have a read of Sentivate founder Thomas Marchi’s thoughts on QUIC, HTTP, UDSP and have a go at his riddle while you’re around. OST’s Pepo app launched on Product Hunt and app stores this week. As influencers continue to join the platform, this week we got a chance to see Meltem Demirors, NiMA Asghari and Dennison Bertram in action on Pepo. The latest upgrade features browsable hashtags. OST Founder Jason Goldberg’s fireside chat with CryptoOracle co-founder Lou Kerner is scheduled for next week. OST-backed Pepo and Hornet are now live on State of the DApps. Ahead of the San Francisco Blockchain Week, which the team will be attending, a new bounty was released for attendees. Tons of $OST up for grabs! There’s also a cool bounty for 1k $OST for promoting your blockchain article.
With Halloween right around the corner, Hydro office decorations are on point
Click here to watch the Mycro design & development team work on the app’s processes. SelfKey’s $KEY token was listed on ETHoutlet this week. The listing will provide $KEY with an $HKD fiat on-ramp. Additionally, ETHoutlet also joined SelfKey’s Marketplace. ETHoutlet operates a Dealer Exchange (i.e. traders trade with the platform directly instead of P2P) and has a physical store where people can trade OTC by visiting the location. Want to identify an exit scam before it happens? SelfKey crew’s got your back. Check out their article to learn how. Constellation joined the Board of Advisors at the Portland State University this week as part of an accredited Business Blockchain Certificate program which is also the world’s first such university accredited program. Congratulations! BAGS token group had their 6th Bazaar Upcycle event this week. Plus, a ton of $BAGS were given away for trivia and stickers contest. The Arena Match Fall 2019 Roadmap was published. Some of the updates that will go live are – CS:GO ranked matchmaking, replacement of credits with straight cash in/out (with an optional AMGO toggle), enhanced Perks, new UI, on-demand servers etc. Lots in store! Big up to Pynk for winning the Wolves Summit Pitch Competition. Click here and here for pics from the event. Last week we talked about Pynk's feature in BlockMAG published by the Malta Blockchain Summit. Here's the full scoop. Plus, a cool shoutout from Founder Institute. P.S. Pynk is an FI alumnus.
Arena Match new dashboard prototype mockup
Birdchain announced a copywrite contest this week. Cryptowriters assemble! The team also shared its marketing roadmap. Switch partner McAfeeDex now has 10 portals live with more in line for release. The next updates will contain multi chain support + Onion portal. It is also the 37th most popular ETH-based dApp on DappRadar. Plus, a chance to win 1k $ESH. More media coverage of the McAfeeDex from Bitcoin.com, CoinTelegraph, Blockonomi, The Daily Chain podcast and BLOCKTV this week. Plus, the first decentralised IEO was launched on the Dex. If you missed Fantom’s AMA with CryptoDiffer this week, here’s the transcript to get upto speed. The latest research paper from Fantom's partners at Yonsei University talks about The Economics of Smart Contracts. Have a read when you get a moment. Uptrennd will be introducing a more robust verification system for withdrawals to ensure that the platform stays fair and keeps bad actors away. In addition to the Malta Blockchain Summit, Jeff will also be travelling to CMC’s The Capital and BlockShow this month. In case you get to meet him at these events, chances are you could win some $1UP in the process. Woot! Click here to check out the entries to the video intro contest started last week. Uptrennd now has a Subreddit as well. Starting this week, the crew will be publishing regular TA reports based on community votes. 1UP was voted for the first report. Blockport’s $BPT/$ETH trading pair was discontinued from KuCoin this week as requested by the project. The $BTC pairing will continue to operate on the exchanges. Click here to catch up on the latest district weekly from District0x.
And that’s a wrap for this week in Parachuteverse. See you again soon. Cheerio!
submitted by Floris-Jan to aelfofficial [link] [comments]
Airdrops are so 2017, free money was fun while it lasted but now when someone says free money in crypto, the first thoughts are scams and ponzi schemes. But in 2020, there is a way to earn free money, in a legitimate, common practice, and logical manner — staking.
Staking is the core concept behind the Proof-of-Stake (PoS) consensus protocol that is quickly becoming an industry standard throughout blockchain projects. PoS allows blockchains to scale effectively without compromising on security and resource efficiency. Projects that incorporate staking include aelf, Dash, EOS, Cosmos, Cardano, Dfinity and many others.
PoW — Why changeFirst, let’s look at some of the issues facing Proof-of-Work (PoW) consensus that led to the development of PoS.
Consistent Fiat Injection — The majority of miners will be paying for their electricity in fiat currency. At a conservative rate of $0.1 USD per kWh, the network currently uses 73.12 TWh per year. This equates to an average daily cost of over $20 million USD. This means every day around $20 million of fiat currency is effectively being injected into the bitcoin network. Although this concept is somewhat flawed in the sense that the same amount of bitcoin will be released each day regardless of how much is spent on electricity, I’m looking at this from the eyes of the miners, they are reducing their fiat bags and increasing their bitcoin bags. This change of bags is the essence of this point which will inevitably encourage crypto spending. If the bitcoin bags were increased but fiat bags did not decrease, then there would be less incentive to spend the bitcoin, as would see in a staking ecosystem.
PoS VariationsDifferent approaches have been taken to tackle different issues the PoS protocol faces. Will Little has an excellent article explaining this and more in PoS, but let me take an excerpt from his piece to go through them:
Earning Your StakeIn order to understand how one can earn money from these networks, I’ll break them down into 3 categories: Simple staking, Running nodes, and Voting.
Simple Staking - This is the simplest of the 3 methods and requires almost no action by the user. Certain networks will reward users by simply holding tokens in a specified wallet. These rewards are generally minimal but are the easiest way to earn.
Running a node - This method provides the greatest rewards but also requires the greatest action by the user and most likely will require ongoing maintenance. Generally speaking, networks will require nodes to stake a certain amount of tokens often amounting to thousands of dollars. In DPoS systems, these nodes must be voted in by other users on the network and must continue to provide confidence to their supporters. Some companies will setup nodes and allow users to participate by contributing to the minimum staking amount, with a similar concept to PoW mining pools.
Voting - This mechanism works hand in hand with running nodes in relation to DPoS networks. Users are encouraged to vote for their preferred nodes by staking tokens as votes. Each vote will unlock a small amount of rewards for each voter, the nodes are normally the ones to provide these rewards as a portion of their own reward for running a node.
Aelf’s DPoS systemThe aelf consensus protocol utilizes a form of DPoS. There are two versions of nodes on the network, active nodes & backup nodes (official names yet to be announced). Active nodes run the network and produce the blocks, while the backup nodes complete minor tasks and are on standby should any active nodes go offline or act maliciously. These nodes are selected based upon their number of votes received. Initially the top 17 nodes will be selected as active nodes, while the next 100 will stand as the backup ones, each voting period each node may change position should they receive more or less votes than the previous period. In order to be considered as a node, one must stake a minimum amount of ELF tokens (yet to be announced).
In order to participate as a voter, there is no minimum amount of tokens to be staked. When one stakes, their tokens will be locked for a designated amount of time, selected by the voter from the preset periods. If users pull their tokens out before this locked period has expired no rewards are received, but if they leave them locked for the entire time frame they will receive the set reward, and the tokens will be automatically rolled over into the next locked period. As a result, should a voter decide, once their votes are cast, they can continue to receive rewards without any further action needed.
Many projects have tackled with node rewards in order to make them fair, well incentivized but sustainable for everyone involved. Aelf has come up with a reward structure based on multiple variables with a basic income guaranteed for every node. Variables may include the number of re-elections, number of votes received, or other elements.
As the system matures, the number of active nodes will be increased, resulting in a more diverse and secure network.
Staking as a solution is a win-win-win for network creators, users and investors. It is a much more resource efficient and scalable protocol to secure blockchain networks while reducing the entry point for users to earn from the system.
Hiya Parachuters! Here’s another week at Parachute + partners (2 Aug – 8 Aug’19):submitted by abhijoysarkar to ParachuteToken [link] [comments]
The signups for the Parachute Premier League Challenge closed today. The final prize pool stands at 545k PAR with a grand prize of 300k PAR for the winner. Saweet! 29 participants. Season starts next week. Jason continues to be in the lead for the Parachute Big Chili Race at 49 cm. Tony is a distant second at 41 cm. Cap added a new group this week to discuss tokenomics – “…a place where we can talk about parts of Parachute as we push out new uses for PAR and explore ideas together”. No speculation/moon/lambo/wenBinance/price talk. Instead, an open forum to talk about PAR token metrics. The Tiproom is possibly the most active Telegram group in the Parachute universe. Check out Foo’s post to see how active it gets at times and prepare for your head to spin. Haha. And, did you see the display pics of TTR Admins recently? Jose Betancor is a genius:
These are wicked good Jose!
<- Tony’s Sarit Gat / Joakim’s cider package from Alexis (Parachute Beer Exchange) ->
Cryzen moved to Discord completely this week. They have an uber cool Jarvis bot there that retrieves beautiful charts from TradingView on command. And they are looking for traders to join. Cryzen even has a curated traders list now. Their CryptoClone bot emulates trading patterns from members of this select list. How does this sorcery happen? Cryzen explains here and here. Remember Shuvro’s Mean Reversal Bot that was crushing it few months back? Here’s another look at it in action. Cryzen Code Studio is now integrated with Crix Exchange. Awesome! Opacity’s July Update covers news such as partnership with BOMBX, allowing credit card payments etc. Most of these have been covered in past Parachute updates. Moreover, a limited time discount of 20% on Opacity’s Professional (1TB) Plan was introduced. WednesdayCoin’s latest airdrop post mentions a major change being worked on for the WednesdayClub dApp which will make it easier to transact on it. The official BOMBX blackpaper was released this week. BOMBX also explains their approach to applications for the incubator program here. Since these are initial days and the XIO concept will take time to sink in, make sure to have a look at the available resources to clear doubts – XIO tokenomics & governance structure, the inspiration for XIO etc.
The XIO governance structure is comprised of three parts
aXpire’s AXPR token is now supported on Magnum wallet. The platform supports both the ERC20 and BEP2 versions. The BEP2 version can also be traded with other Binance Chain assets inside Magnum. AXPR got listed on Shiftly. Like clockwork, Victor hosted a trivia in aXpire on Friday with a 1k AXPR pot. aXpire’s weekly update video can be seen here. Rohit and my article on the Dex vs Cex debate was published as well. We saw two separate AXPR burn events this week – MatchBX fee burn + Monthly Resolvr burn. An e-flyer of the recently launched Bilr application was released. If you’ve wondered why the team is excited about PayBX, check out this cool gif they put out. Super promising stuff! The Prime Program now has 15M AXPR locked for a year. Noice! What is expense allocation and how can Resolvr and Bilr help? Read all about it here. Uptrennd’s 1UP token got listed on CoinMarketCap. Woohoo! And thanks for the shoutout guys. Right back at you. A new public vote for a free review by the Uptrennd team was set up this week. Some insane Uptrennd-based artwork made by the community can be seen here and here. These are too good.
Sick work Nathan! Cap is a huge fan of your stickers
WandX’s latest update covers news from the development front – multichain basket protocol (WanChain + AION) is in final stages of testing, future UI updates will happen in real time going forward etc. Birdchain Social Media competition winners were announced this week. Bounty0x fans, check out the weekly distribution report and watch out for scam bots trying to do fake BNTY giveaways. ETHOS was listed on BitMart this week. To mark the occasion, they announced a trading competition with 50k ETHOS in prizes. Neat! ETHOS’ engagement with its community has been phenomenal. And ParJar makes it even better! Gate.io added Fantom’s FTM token to its Startup Program – an initiative that allows Gate.io users to trade FTM at discounted prices. Hope you had a chance to catch Fantom’s AMA with Messari this week. Blockfyre’s latest Fantom Review Report came out. Plus, the latest technical update came out as well. Horizon State explained its HST token utility in this detailed article. They also conducted another vote as part of their ongoing work with The Opportunities Party in New Zealand.
<[email protected]'s PAR keychains on sale/Victor rocking a TTR shirt he made/[email protected]'s sticker->
For the latest scoop from District0x, read their Weekly and Dev Updates. Congratulations to Hydro for getting nominated to the Finovate Awards 2019 in multiple categories. Smart Crypto Café became the first merchant to accept HYDRO payments for testing the Hydro Pay app. If you haven’t yet seen the Hydro product suite, check out the twitter thread for a quick summary. Silent Notary’s official wallet Ubikiri entered into a partnership with Cryptonomica to allow for better customer identification to help with contract execution. The OST Team took part in Asia’s biggest Ethereum Hackathon, ETHIndia, this week and crushed it there. Chief Tech Strategist Benjamin explains what they created in this thread. The revamped Pepo app is slated to drop soon. If you would like to be considered for their beta, make sure to get in touch. Click here to read about Sentivate’s latest code commit. Plus, Co-Founder Thomas Marchi gives out regular dev updates on his Twitter. For example, one tweet thread talks about a new feature called watchers. MetaMorphPro released a new version of its Dex this week. The news was also covered by Altcoin Magazine.
OST crew @ETHIndia Hackathon
And with that, it’s a wrap for another exciting week at Parachute + partners. Hope you had a good time reading this. See you again with another update. Ciao!
On the client's side, they will independently work towards production quality through single-client testnets and then multi-client test and final third-party audits. Even if ETH2 gets delayed further, Ethereum co-creator Vitalik Buterin says they have stateless clients that prepare the eth1 chain for a merger with eth2 and improve scalability Lions Share is an Ethereum based platform running on Ethereum smart contract which came with a very interesting business plan for you. So, comparing Ethereum vs Bitcoin: ETH is more focused on DApp creation along with other features of the Ethereum blockchain than maintaining a payment network where the users can send, receive One common scam, exposing bitcoin users to theft, is the sale of a hardware wallet with a compromised pre-configured seed phrase, which allows hackers to steal funds. Mist is the official Ethereum wallet, developed and distributed by the people who are responsible for managing the Ethereum ecosystem’s future. It makes a lot of sense to use the official wallet, especially if you’re a developer who wants to create, deploy, and use smart contracts.
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