Category Archives: Altcoin

USING ALTCOIN TRADER – rsainvestments.blogspot.com

VISIT http://WWW.ALCOINTRADER.CO.ZA OR EVEN GOOGLE IT CLICK ON REGISTER. FILIN YOUR DETAILS AND REGISTER. IF YOU GET AN EMAIL FOR CONFIRMATION.LOGIN AND CONFIRM , IF YOU DONT GET IT JUST LOGIN WITH EMAIL AND PASSWORD YOU CHOSE. AFTER LOGGING IN YOU WILL SEE A SCREEN PAGE BELOW.

IF YOU DONT HAVE BITCOINS YOU CAN BUY THEM AT ALTCOINTRADER. SIMPLE WRITE THE VALUE OF BITCOINS YOU NEED ON BUY AS I DID BELOW. WRITE THE BITCOIN VALUE AS IT IS, THAN AUTOMATICALLY YOU WILL GET PRICE IN RANDS FOR THAT BITCOIN VALUE WHERE IT SAYS TOTAL, THE MONEY THERE IS IN ZAR/RANDS. IF YOU ALREAD HAVE BITCOINS, YOU WANA EXCHANGE/SELL THEM TO GET CASH IN YOUR BANK THAN YOU USE SELL NOT BUY. AGAIN YOU WRITE THE AMOUNT OR VALUE OF BITCOINS YOU HAVE. AUTOMATICALY YOU WILL SEE THE PRICE OR MONEY YOU WILL GET FRO THOSE BITCOINS YOU HAVE. NOTE: BITCOINS DONT START AT 1 BUT THEY START AT 0.0000… NUMBERS, SO YOU CAN GET BITCOINS FOR EVEN R500 TRY 0.05 E.T.C

IF YOU WANA BUY BITCOINS AND YOU HAVE CASH. YOU NEED TO DEPOSIT MONEY TO ALTCOIN TRADER THROUGH FNB, ABSA. THE AMOUNT OF MONEY YOU HAVE THAN YOU WILL GET BITCOINS EQUAL TO YOUR MONEY. MAKE SURE YOUR WRITE THE REFERENCE GIVEN TO YOU WHEN YOU CLICK ON DEPOSIT. CAUSE THAT YOUR OWN UNIQUE REFERENCE. IF YOU WRITE YOUR NAME OR ANYTHING ELSE. I FELL SORRY FOR YOU CAUSE I TOLD YOU. CHECK IMAGE BELOW

ONCE YOU DEPOSITED THE MONEY IT MUST REFLECT IN YOUR ALTCOINTRADER IN A DAY OR 2 PROVIDED YOU DIDNT MAKE MISTAKES ESPECIAL ON REFERENCE.

THAN ONCE YOUR MONEY IS THERE YOU SIMPLE DO WHAT I TOLD YOU ABOVE, YOU GO TO BUY, AND WRITE BITCOIN VALUE FOR THAT AMOUNT YOU HAVE. IF YOU DONT KNOW THERE VALUE , EASY, USE GOOGLE . EXAMPLE: YOU DEPOSIT R1500 NOW GO TO GOOGLE AND WRITE: BITCOIN VAUE FOR 1500 , BUT IT WILL NOLONGER BE 1500 IF YOU WANT 1500 ATLEAST DEPOSIT 1600, JUST ADD R100 MORE, YOU DOING THAT FOR DEPOSIT FEES. THAN YOU GET THE VALUE GO BACK TO ALTCOIN TRADER AND WRITE IT THERE ON BTC AMOUNT ON BUY. THAN YOU CLICK BUY. THE BALANCE YOU HAD IN ZAR WILL CHANGE IMMEDIATELT TO BALANCE IN BTC ( BITCOINS)

NOW YOU HAVE BITCOINS, BUT THEY ARE NOT IN YOUR WALLET. NOW YOU NEED TO SEND THEM TO YOUR WALLET. NOW YOU NEED TO CLICK ON WITHDRAW FUNDS/COINS. SCROLL DOWN TO WITHDRAW BTC

GO TO YOUR XAPO, COPY YOUR WALLET ADDRESS, COMEBACK TO ALTCOIN TRADER, PASTE YOUR WALLET ADDRESS THERE AS YOU SEE BELOW, WRITE BITCOIN VALUE YOU WANA WITHDRAW AND SEND TO YOUR WALLET THAN CLICK WITHDRAW. THATS IT, IF MINUTES YOUR BITCOINS WILL REFLECT IN XAPO, READY FOR YOU TO PH

NOW YOU WANA WITHDRAW, SO WE REVERSE THE PROCESS. LOGIN TO ALTCOIN TRADER AND CLICK ON DEPOSIT YES I DIDNT MAKE A MISTAKE CLICK ON DEPOSIT. WHAT YOU DOING NOW IS YOU WANA DEPOSIT BITCOINS TO ALTCOINTRADER AND SELL THEM TO GET CASH IN YOUR BANK ACCOUNT

SO CLICK ON DEPOSIT. SCROLL DOWN TO DEPOSIT BTC INTO YOUR ACCOUNT

THEY GOING TO GIVE YOU A WALLET ADDRESS THAT YOU USE ONLY TO TRANSFER BITCOINS TO ALTCOIN TRADER. COPY IT AS YOU SEE ON IMAGE BELOW. COPY IT AND PASTE IT ON XAPO THAN SEND YOUR BITCOIN TO ALTCOIN TRADER

ONCE YOUR BITCOINS REFLECT ON ALTCOIN TRADER BALANCE. NOW YOU GO ON SELL, WRITE THAT BITCOIN AMOUNT YOU HAVE AND CLICK ON SELL. IMMEDIATELY YOU BITCOINS ARE EXCHANGED TO CASH.

NOW YOU WANA GET THAT MONEY INTO YOUR BANK ACCOUNT CLICK ON WITHDRAW. ADD YOUR BANKING DETAILS. IF YOU ALREADY ADDE THEM THAN JUST WRITE AMOUNT OF CASH YOU NEED AND CLICK WITHDRAW AS SEEN BELOW

FUNDS WILL BE IN YOUR ACCOUNT WITHIN A DAY OR 2

IF YOU STILL DONT UNDERSTAND HERE IS A VIDEO WATCH IT IT WILL EXPLAIN MORE ABOUT USING ALTCOINTRADER

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USING ALTCOIN TRADER – rsainvestments.blogspot.com

Guide: Compiling an altcoin daemon in Ubuntu Linux …

This guide will assist you in compiling a headless client (the daemon) in Ubuntu Linux. This is a necessary step if you wish to set up a node of your altcoin. It is assumed that you are starting on a fresh Ubuntu (14.04 x64) installation. If you require a VPS for hosting, I highly recommended Digital Ocean.

The $5/month plan is all you need. Use sudo in front of all commands if youre not logged in as root. Replace YOURCOIN with the name of your coin (case sensitive).

Set up a swapfile if your system has less than 1.5GB of memory:

fallocate -l 2G /swapfilechown root:root /swapfilechmod 0600 /swapfilesudo bash -c “echo ‘vm.swappiness = 10’ >> /etc/sysctl.conf”mkswap /swapfileswapon /swapfile

If fallocate doesnt work, you can use dd if=/dev/zero of=/swapfile bs=1024 count=1024288 instead.

Initialize swapfile automatically on boot

echo ‘/swapfile none swap sw 0 0’ >> /etc/fstab

Install all required dependencies:

apt-get update && apt-get upgradeapt-get install nano ntp unzip git build-essential libssl-dev libdb-dev libdb++-dev libboost-all-dev libqrencode-dev aptitude && aptitude install miniupnpc libminiupnpc-dev

Pull the source code from github, or upload it yourself:

git clone https://github.com/YOURCOIN

If your coin uses leveldb, compile leveldb:

cd /YOURCOIN/src/leveldbchmod +x build_detect_platformmake cleanmake libleveldb.a libmemenv.a

Return to source directory, and compile the daemon:

cd /YOURCOIN/srcmake -f makefile.unix

Strip the file to make it smaller, then relocate it:

strip YOURCOINdcp YOURCOINd /usr/bin

Now run the daemon:

YOURCOINd

It will return an error, telling you to set up config file in a directory. Now well set up the config file. Note that this is case sensitive.

nano ~/.YOURCOIN/YOURCOIN.conf

Add the following, save and exit:

daemon=1server=1rpcuser=(username)rpcpassword=(strong password)

Run YOURCOINd once more and if you did everything correctly, your daemon is now online! Type YOURCOINd help for a full list of commands available.

Read the original here:
Guide: Compiling an altcoin daemon in Ubuntu Linux …

Top 3 Altcoin Trading Exchanges – [Reviews and Ratings]

Binance

Binance started out in China in 2017. It is the currently the fastest growing exchange for altcoins and they offer a wide range of different trading pairs. Binance offers great customer service and one of the best user experiences in the business right now.

Binance has very low fees (as low as 0.05%). They have great communication with their customers and regularly offer competitions with cryptocurrency and other prices.

Binance does not require any verification for trading or withdrawing up to 2BTC per day. You can find out more and sign up to Binance via this link.

What the basic trading view looks like:

Cryptopia is an altcoin exchange based out of New Zealand. They do not offer the same great user experience as some of the other altcoin exchanges but their major strength is the extremely wide range of cryptocurrencies they offer.

Cryptopia is known to have almost every altcoin out there. If you are looking for the next hidden gem with a lot of potential, Cryptopia is the exchange to be at. Currently they offer more than 250 different altcoins, ranging from large caps such as Ethereum and Bitcoin Cash to completely unknown small caps.

Their customer service is however known for being slow, especially now that the demand for altcoins has skyrocketed. To handle scaling issues, they do close down registrations in order to not disturb the user experience of current customers.

Kucoin is another Asian exchange similar to Binance. It recently opened and was founded through an ICO. As a newcomer to the altcoin scene they offer great customer service and deals. If you wish to become an affiliate they have a very lucrative program that you can join.

They offer trading pairs in their own token, KCS, USDT, BTC, ETH and NEO.

Kucoin also offers competitions for the community where you can win both cryptocurrency prices and other things such as cars or hardware.

Trading fees are at 0.1%. Withdrawal fees vary depending on the asset and can be quite expensive at times.

The term altcoins refer to alternative coins to Bitcoin. In 2009, Bitcoin was the only cryptocurrency around. In the years since, thousands of new coins have popped up looking to solve a wide array of problems. Most of them are based on the same blockchain technology as Bitcoin but often with different attributes to serve their purpose as best possible. Examples of some of the most well known ones are:

More and more exchanges are now offering trading pairs for altcoins as well and the overall market cap for altcoins is growing exponentially.

Altcoins are generally more volatile than Bitcoin, as their market cap is smaller and a lower volume can move the price significantly compared to Bitcoin. A lot of altcoin projects are also more centralized and if one party holds a majority of all coins, this party could crash the entire market value by flooding the exchanges with his or her coins.

There are different ways to launch a new altcoin. Developers are often out to make money for themselves and for this purpose and ICO is perfect.

ICO stands for initial coin offering. It is similar to a stock market IPO, but with a few differences.

ICOs often look to raise money before they offer a working product. Be careful when investing in ICO as it is a very popular way to scam new investors in the cryptocurrency space.

Most altcoins do not have any FIAT ($, or ) pairs. Instead they are most commonly traded against $BTC or $ETH as many altcoin exchanges does not accept FIAT deposits.

If you wish to buy an altcoin, you may have to buy Bitcoin or Ethereum first. We have a list of exchanges here and guides on how to transfer and store it.

Most altcoin exchanges do not require you to verify your account, however your withdrawal limits may be limited. Keep in mind most altcoin exchanges are not regulated and you are trading at your own risk. There is always a possibility that the exchange will be hacked or decide to steal the funds.

Right now the demand for altcoin exchanges is booming and many of the most popular ones have been forced to close registration at certain times in order to not ruin the user experience of existing users. If this is the case, we will list the best alternatives to this exchange. Usually registrations open again within a few weeks however, so make sure you stay up to date on http://www.coinworld.io to find out when you are able to register again.

All smaller altcoins are not supported by hardware wallets yet. ERC20 tokens on the Ethereum blockchain can be stored on the Nano Ledger S by using MyEtherWallet.

If possible, we always recommend you move all of your coins off exchanges as soon as you dont need to trade them. If this is not possible, you can either use the projects own software wallet or store the cryptocurrency on the exchange.

If you choose the latter option, which is not recommended by sometimes most practical, make sure to use a safe 2-Factor Authentication. Most exchanges offer Google Authenticator.

Make sure to remove any connections to your phone-number on the google account you choose to connect your 2-Factor Authentication to. Many traders have been hacked by people stealing their phone number and resetting the 2-Factor Authentication in order to access your exchange account.

There is always a risk that exchanges will be hacked and thus the only way to make sure your cryptocurrency is safe is by holding the private keys yourself.

If you do not take safety precautions to store your cryptocurrency safely, you may lose your funds permanently. If they are stolen, there is no one who can help you to retrieve them.

Most exchanges offer faster support through messaging apps such as Telegram than via E-mail or support forms on their website. Even though, as their user base is growing at a very rapid pace currently, support may be slow. Exchanges are adding hundreds of thousand of new users every day and are unable to process all of the incoming questions.

Make sure to educate yourself before investing so you make sure that you will need as little assistance as possible from the exchanges themselves as it can be very frustrating waiting for replies when a lot of money is on the line.

We are not professional investors. This is not in any shape or form investment advice. We do not advice you do invest in altcoins or anything else. Any trades or deposits you do at an exchange is at your own risk.

Read more from the original source:
Top 3 Altcoin Trading Exchanges – [Reviews and Ratings]

PacCoin VPS Masternode Guide AltCoin Guide

The wallet is the guide can be located at home or a separate secure server.To set up Masternode.

We need to add the Masternode Tab in the $Pac wallet.

Go to Paccoin Core in upper left window of desktopClick on PreferencesClick on walletClick show Masternode tabClick OK and exit wallet and restart

Click on setting then options

Click on Wallet TabSelect show Masternode tab

Click OK and exit wallet and restart

Open a text editor such as notepad or textedit, leave blank page open to store information.

Please select Tools, Debug Console then console

Create amasternode genkey. Type in masternode genkey

The Masternode genkey will appear in the console. Copy and paste it to your notepad. Make sure to label it MN1 masternode genkey for masternode 1. Keep all of your information together we will use it later on, its also nice to have in case you need to move a vps later on down the line.

Next you will need to send 500,000 Pac coins to yourself (so you generate a Masternode TXID).Click Receive on left menu on under $Pac Logo.

Type MN1 in label box.Click request payment. Copy address.

Click Send on left menu on under $Pac Logo.

Paste request address you just created. Once pasted the Label should automatically say MN1 so you know the coins are going back to your wallet and not to someone else. For a precaution you can double check the first and last few characters on the send address and receive address.

Once you have 15 conformations (check by mousing over payment in transaction window) go back to debug window type: masternode outputs

in the console and press enter.

Copy the Masternode outputs to your notepad so we can correctly format it for later use.

The code you paste will look like{

e4chhijdjjinshhjj65jdkkrjjrjjf7jjs8ejdjjkkdk :1

}

NowTo format the Masternode outputs code remove non-alphanumeric characters (brackets and colon) so it looks like this: e4chhijdjjinshhjj65jdkkrjjrjjf7jjs8ejdjjkkdk 1

Make sure to keep the space at the end between long address and last number.

We will be using VULTR for the vps setup. They have a low cost and effective network. Signup atwww.vultr.com Register, verify email address, enter billing information. Now to select a server.

To deploy an new server click the big blue + button and it will bring you to the Deploy New Instance page.

1 Select a server location.

2 Select server type. Choose Ubuntu 16.04 x64

3 Choose server size. The 20 GB for 2.50 a month will work if available, otherwise the 5 dollar plan will do.

Do not use ipv6 ip (not compatible) use ipv4

7 Add Server host name (example MN1)

Click Deploy Now

MACGo to applications, Utilities open Terminal

Windows 7, 8, 10 download and install http://www.putty.orgWindows 10 Powershell (only works with windows 10)

Type in: ssh root@(your ip address) from server on Vultr then enter

An authentication screen may popup something like this (below) type: yes and press enter

The authenticity of host your ip address ((your ip address) ) cant be established.RSA key fingerprint is 9d:b4:e3:9f:84:cf:c7:2c:cc:9d:be:cb:f3:f2:7c:32.Are you sure you want to continue connecting (yes/no)?

it will ask for password (use password provided in server information from Vultr) Password will be invisible. You can copy paste password in Terminal/Putty

Now to install script

Type:

wget https://raw.githubusercontent.com/PACCommunity/PAC/master/pacmn.sh

press enter

then type: chmod +x pacmn.sh

press enter

then type: ./pacmn.sh

then enter wait..

The script will prompt for external IP type in your ip address from Vultr then press enter,

then paste in the masterenode genkey that you copied earlier to your notepad and press enter.

Now go back to your wallet click Tools and open masternode configuration file. You can delete the examples if you choose.

type in as followsas an example: MN1 your ip address from Vultr then :7112 (that is the port PAC uses, so it will look like this as an example): MN1 192.168.0.1:7112 then paste in your masternode key then paste in your formated version of the Masterenode outputs save and close window.

Exit and reopen wallet.

. Go to masterernode tab

click start alias tab

click okay to start MN1.

Now everything should be up and running.

Notes:*For multiple masternodes repeat guide starting masternode genkey, make sure to use different name for second masternode such as MN2, MN3 and so forth.

*May take 5-10 minutes for status to change.

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PacCoin VPS Masternode Guide AltCoin Guide

Asian Cryptocurrency Trading Roundup: Top Altcoin is Tron …

The crypto bulls are still in control this morning and markets are marching upwards though it seems to be slowing. Bitcoin has gained 3% on the day and is heading towards the psychologically significant ten thousand dollar mark. BTC is currently trading at $9,500 and signals are still bullish for the long term. Altcoins have been equally boosted and are mostly trading higher yet again this morning in Asia though there is some red creeping into the charts as a few start to correct. One streaking ahead of the pack is a coin we have featured several times before, Tron.

Love it or hate it, Tron is outperforming all other cryptocurrencies during Asian trade this morning. Coinmarketcap is reporting a 29% gain on the day as TRX heads towards $0.10. It is currently trading at $0.076, up from $0.058 this time yesterday. Over the week Tron has made significant gains of 85% from $0.042 this time last week, the monthly view is even brighter for this altcoin which is up 66% over the past month. Against Bitcoin Tron has climbed 25% to just over 800 satoshis from 640 sats this time yesterday. Weekly gains are equally as impressive at 50% from 535 satoshis this time last Wednesday.

Momentum for Tron has largely been driven by the announcement that a 30 million TRX airdrop will be landing for Ethereum holders. Founder Justin Sun seems to spend most of his waking hours on Twitter so new posts and announcements are not really out of the ordinary for this altcoin. A couple more minor partnerships and exchange listings have been posted over the past day along with an update on increasing market capitalization for TRX.

As usual the South Koreans have been all over Tron this morning with over 50% of the total trade being in KRW. Upbit, Binance and Bithumb are the top three exchanges for TRX trade, total volume has jumped from $560 million to just over $2 billion in the past 24 hours. This has increase Trons market cap to just under $5 billion nudging the coin back towards the top ten, it currently sits just outside at eleventh place, just behind Neo.

Total crypto market capitalization is higher yet again today gaining marginally from yesterdays level to $418 billion at the time of writing. Other altcoins performing well this morning in Asia include EOS, up almost 10%, and Binance Coin.

More on Tron can be found here:https://tron.network/

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and possible fundamentals.

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Asian Cryptocurrency Trading Roundup: Top Altcoin is Tron …

Alternate Cryptocurrencies aka altcoins r/altcoin – reddit

Everyone who has been faced with the exchange listing process knows how hard it is to reach them and get your token listed there. But before you put all of your effort into trying to get in touch with the exchanges let me reveal a bit about the listing price.

(No Names, Just Numbers)

Well, to start with theres a few types of exchanges

1 – The big 2 – The middle 3 – The small

The big exchanges usually request anywhere from 50 BTC and higher. It could be mentioned as a listing fee or as a part of a marketing campaign fund.

They could also list your token absolutely free but before getting happy you should be sure that you meet their highly limited parameters.

The middle exchanges usually request anywhere from 7 BTC – 30 BTC

The small exchanges, anywhere from 3 BTC – 5 BTC

Tip 1 – Before trying to get listed on Major exchanges (Like in the top 10) and fighting their silence, it is better to apply for a middle exchange and right after that your coin will be listed there, the big exchange will be more interested in your listing then ever before.

Tip 2 – If you dont want to waste your time filling out applications and sending messages that they will never respond to, send us a request and we will provide you with a high quality listing service that can meet any requirements that you might have – Assetrush

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Alternate Cryptocurrencies aka altcoins r/altcoin – reddit

Garzik Forks UnitedBitcoin Away from "Maximalists" to Support Altcoin …

A new project called UnitedBitcoin (warning: the site autoplays audio) promises to add smart contract features using the UTXO model, support for the lightning network and SegWit, and eight-megabyte blocks. Headed up by Jeff Garzik, the lead developer behind the failed SegWit2x hard fork, along with Matthew Roszak and SongXiu Hua, this UnitedBitcoin (UB) hard fork will offer replay protection to prevent people from accidentally spending their coins on both the Bitcoin and the UnitedBitcoin blockchains.

Garzik told Bitcoin Magazine that 10% of the total worldwide SHA-256 hash power has moved to the new UB network, with much of the support coming from China and older mining equipment that was no longer profitable due to the escalating difficulty in mining bitcoin. He noted that UB is already supported on the ZB and EXX exchanges.

The UB white paper outlines how lost bitcoins have created deflationary pressure that has pushed the price up. Because those bitcoins are out of circulation, the supply is further decreased. One of the issues that UB seeks to address is to find a purpose both for those lost bitcoins and for inactive wallets by creating a stable cryptocurrency linked to their addresses.

All active Bitcoin addresses will receive the same balance on the UB chain, much like previous forks. The balances of UB on inactive addresses, however, will be confiscated by the UB Foundation and used to serve the community.

Inactive addresses are defined in the white paper as addresses without activity since block height #494000 (November 11, 2017) and as a result didnt automatically receive UBTC during phase 1 of the asset allocation procedure.

UB does not distinguish between an inactive address and one which is simply being used by a long-time “hodler.”

There is no difference. An inactive account is an inactive account, said Garzik. Like during [the] Ethereum new coin creation, you had to take a proactive step, otherwise you got zero [ether]. This is normal for new token creation new chain, new ERC20, but different from all other Bitcoin Forks. We are trying to do something new and different.

Anyone with a prior balance of 0.01 BTC in an inactive address at the time of the November 11 fork can still get UB tokens, so long as they are willing to take such a proactive step: that is, they make at least one transfer to their own Bitcoin address between Block 498,777 and Block 501,878 (December 12, 2017, to 12:00 GMT on January 3, 2018).

Only the original address can make the transfer to itself, and the receiving address must be used as one of the sending (input) addresses.

One privacy issue to consider is that in order to proactively claim BU tokens, the protocol forces users to reuse their Bitcoin addresses; this action puts privacy at risk and, unless it is done carefully, may link many of the users coins together.

User privacy protection is not the only part of the protocol that is drawing criticism, however.

The code contains a god mode; its literally called that, Blockchain developer Sjors Provoost said to Bitcoin Magazine. He said that it appears as if this god mode will create a multisignature address that belongs to a (yet-to-be-defined) UnitedBitcoin Foundation.

Unlike previous airdrops, the initial coin distribution is not determined by a consensus rule, he added. This means that even if you were to run the full UB node software (which you should not), you will have no way of knowing for sure how many coins you get. Conversely, if you already had bitcoin, you wont know how many of your coins will be confiscated. You simply have to trust their promise to take and redistribute coins as their marketing promises.

According to Provoost, the new consensus rule allows the owner of this foundation address to spend any UTXO they want. These confiscations will be included in holy blocks, which can be created during the first 500 blocks after the fork. This is how they implement the redistribution as I just described, but they can do much more.

Furthermore, Provoost is concerned about the quality of the code itself. Garziks previous project SegWit2x tried to keep its changes relative to Core to a bare minimum. Although at the time of the planned fork their code base was about a year behind Bitcoin Core, it didnt introduce many changes, he pointed out.

UnitedBitcoin on the other hand has introduced far more changes, making the task of tracking Bitcoin Core far more difficult. Its not as many changes as Bitcoin Unlimited and Bitcoin Cash, and the problem is somewhat mitigated by them sunsetting the more complicated consensus changes like god mode. However, even the small change in SegWit2x had a widely publicized serious bug in it and there are rumors of more.

Garzik has plans to build a better Tether by using the UB reserve, funded by coins reclaimed from inactive addresses. According to the project, 70 percent of confiscated UB coins will be held as collateral to issue stable tokens pegged to a fiat currency.

The UB reserve can be used as a backing asset for a stable, non-volatile currency, said Garzik. This is auditable and transparent and on the blockchain. It will be over-collateralized, 200300% to maintain the stability even in the face of a volatile price of the reserve.

The remaining 30 percent of the confiscated coins will support another new feature: owners of QTUM, H-shares and ether will receive a share of the remaining redistributed UB.

According to Garzik, the specific claim process for the redistribution of UB has yet to be determined. The UB board is still being put in place things are moving very fast and this will include more specifics on governance and community allocations.

The scheduled timeline of what has been released and what is coming breaks down as follows:

Fork of Bitcoin to UnitedBitcoin (at block height #498,777) with support for:

More:
Garzik Forks UnitedBitcoin Away from "Maximalists" to Support Altcoin …

Bitcoin, Altcoin and Cryptography explained

Bitcoin is the best known cryptocurrency at this moment, also called virtual money. Bitcoin is decentralized, this means there is no owner or central control. Transactions in the Bitcoin network are sent in a cryptographic form and processed by miners using computers and specialized hardware with huge calculating power.On this page the following subjects will be described:

How does the Bitcoin network work?What is an altcoin?Advantages of crypto currenciesCompare hardware wallets

The Bitcoin netword is based ona blockchain, an administration of all transactions between the different bitcoin addresses. Every 10 minutes a new block will be created, containing all transactions of these 10 minutes plus the previous block. Every transaction will exist forever (as long as the blockchain exists).

Along with the information of the transaction, other information can be added in a block. It is not possible to change or delete this information. Adding information will create many interesting user posibilities, which do not exist in other payment methods.

Bitcoins can be mined by using special hardware to translate encrypted codes. These codes represent all transactions in a block, and the miner who finds the block first will be rewarded with an amount of bitcoins (currently 12,5). The financial effort you have to put into mining, like costs for electricity and hardware, is called proof of work.

This makes the bitcoin blockchain super secure, because to alteror delete something in the blockchain you will have to input a greater proof of work than all of the current miners together. At that moment the total computing power (hash power) that is mining on the Bitcoin network is so incredibly huge, that for a single person, company, or even government, it is impossible to deliver more hash power to over ride the current mining operation.

Besides finding new blocks, miners will also earn on transaction fees. The most amount of bitcoins that will ever be found is limited to 21 million, and they will be harder to find because every four years the mining reward will be reduced by fifty percent. The value of bitcoin will not be affected by dilution, because the supply is limited. That understood, bitcoin can be a profitable investment in times of quantitive easing and you can store them safely on a hardware wallet.

Besides bitcoins, there are many altcoins on the market. An altcoin (alternative coin) is a virtual coin, same as bitcoin, based on cryptography. There are hundreds of different alt coins available and most of themhave the goal to become an improved version of Bitcoin.The best known alt coins are Ethereum, Lightcoin, Zcashand Monero, and are designed with a focus on a specific application. Some of these coins are certainly interesting, but the grand question is will they win the race with Bitcoin to become the most dominant coin. Bitcoin is by far the most famous and accepted coin. All the hardware wallets are also supporting some alt coins.

Cryptocurrencies like Bitcoin contain big advantages compared to fiat money. A Bitcoin wallet is anonymous and so you dont have to provide your name and address. As long as you own the public key of the wallet, you have the power over the bitcoins you own.

Furthermore the transaction costs are extremely low and there is no 3rd party able to cancel your transaction. In a short period of time you can send an unlimited amount of money all over the world. Also, small payments are possible with Bitcoin, creating many new possible applications.

Maybe the most promising application, not known by many people yet, is the ability to add information into the blockchain. For example, you can make a house payment and directly register the ownership in the blockchain. Besides ownership you can also register other things like your identification.

In the future, Bitcoin and blockchain technology will create applications like smart contracts and automated payments between machines, changing the status quo. In addition, crowd funding will be raised to a new level.Bitcoin use can apply to many financial functions like store of value (gold, silver), hedging against crashes of stocks, other financial products, and of course, just as a payment system.

Reed more:

What is a hardware wallet?

Everything about security of your bitcoins.

Trezor wallet reviewed.

Ledger wallet reviewed.

Keepkey wallet reviewed.

Bitcoin

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Bitcoin, Altcoin and Cryptography explained

Altcoin Trustworthy Decentralized Cryptocurrency Exchange?

Altcoin.io is a decentralized cryptocurrency exchange that aims to offer better service than todays biggest exchanges. Find out how it works today in our review.

Altcoin.io is a cryptocurrency exchange thats currently in development. The exchange aims to be the first decentralized exchange built by traders, for traders.

As the name of the website suggests, Altcoin.io focuses on altcoins which typically refers to any coins that arent bitcoin:

Altcoin.io’s mission is to bring the entire altcoin community together to build something greatwith the purpose of bringing this market out of the shadows with transparency, trust, and honesty, explains the official website.

You can view screenshots of the exchange online at Altcoin.io. Those screenshots show BTC, ETH, XMR, and USDT as the four major markets currently available through the platform. In the Bitcoin market, youll see ETH, XRP, BCH, LTC, DASH, XEM, XMR, MIOTA, and ETC, among other altcoins.

Overall, the Altcoin.io website has limited information about the project. However, you can submit your email address to the website to receive early access to the platform at some point in the future. Its not clear when the platform will be released.

Theres limited information about the exchange available online. Aside from a few screenshots and bullet points, we dont have much information about the exchange or how it will work. Theres no whitepaper. However, here are some of the key features that have been mentioned on the website so far:

Altcoin.io aims to provide better transparency than other exchanges. Today, the cryptocurrency space is filled with markets that are difficult to navigate. The altcoin space contains companies with limited business experience, yet find themselves in charge of cryptocurrencies with enormous market caps. Altcoin.io aims to bring a new approach to this industry that is both transparent and provides the best customer support in the business.

Altcoin.io plans to create an unparalleled user experience compared to other exchanges available today.

Like all exchanges, Altcoin.io emphasizes security. Their exchange is decentralized, so theres no centralized system to attack.

Altcoin.ios advisors include active cryptocurrency traders.

The Altcoin.io website isnt totally clear about whos running the company. The website features a subheading for Team, Investors, & Advisors. No specific positions are listed under that heading, although about 10 different people are listed.

Some of those people include Andrew Gazdecki, the current CEO of Bizness Apps; Alan Ezeir, a serial entrepreneur with multiple technology exits; Nick Pizpie Cote, an industry expert who has been trading bitcoin full time since 2013; and CryptoBull, a bitcoin investment analysis platform.

There isnt much to say about Altcoin.io at this point in time. The website features a basic overview of the companys broad goals for the platform. Theres no specific information available, and the platform seems to be in the early stages of development. We dont have a whitepaper, and the team section of the website makes it difficult to determine whos involved with the project and whos just an advisor.

Despite the lack of information, Altcoin.io lets users sign up for early access at Altcoin.io. Its unclear when the exchange will be available for early access.

In any case, you can learn more about the future cryptocurrency exchange by visiting online today at Altcoin.io.

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Altcoin Trustworthy Decentralized Cryptocurrency Exchange?

ZClassic and the Bitcoin Private fork : altcoin

I’d like to get ya’lls take on what’s going on with ZCL this week. Please give me some feedback this is a collection of my thoughts and others’ – I’ve invested a good chunk of my portfolio with a time horizon of 30 days and want valued input on the logic.

ZClassic is moving through the elliot wave cycle and is growing nicely. Read below and you’ll see why it could 50x from here in the next month. As always please DYOR.

As of now $62 mil market cap. Around $33 or .00250 sats it’s holding up and accumulating and ready for the next leg up despite a very bloody market today which is a GREAT sign. 🙂

Somewhere between mid and late January there will be a fork of BOTH Bitcoin and ZClassic, combining into Bitcoin Private. Owning either bitcoin or zcl will get you 1:1 Bitcoin Private.

Most privacy coins have a couple billion dollar market cap Verge, Monero, Zcoin.

60 mil X 100 is $6 billion

Bitcoin forks can be worth some money. For instance, bitcoin diamond was worth $40. Bitcoin gold was worth $350, BCH is worth $3,000. Not only will people want free money but if you own a couple hundred ZCL, this could be super profitable!

Bitcoin Private won’t be premined (like this fake B2X bitcoin fork today) and looks to be extremely promising. Roughly 18.5 million coins total and a current projection of $300 / coin for 2018.

For the first time you have a hard fork off a zero knowledge proof chain, as well as BTC, but Zclassic is 0.2% the price of BTC. From the innovative investors perspective, the buy in price for BTCP (the fork chain) is tremendously cheaper with Zclassic. In fact it is so surreal at the moment that it wont last long. And BTCP is leveraging same mining tech as BTCG, so the miners are already there and ready to go. Zk snarks will continue on BTCP as well.

Seems to me this is a no brainer to buy in now.

What is Bitcoin private? Bitcoin private is a hard fork of BTC and ZCL. BTCP will have the same privacy technology as ZCL (zk-snarks). This means payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private.

When is the hard fork date? End of January.

How will BTCP be distributed? If you have 1 ZCL, you keep 1 ZCL and get 1 BTCP, if you have 1 BTC (at $16k cost currently), you keep your BTC and get 1 BTCP

What is going to happen to ZCL after the hard fork? It will still exist, though we are unsure how its development will continue as of right now

Is there a premine or a founders reward? No

https://medium.com/chain-intelligence/the-resurgence-of-zcl-and-an-upcoming-hardfork-3ba65de3cf21

Disclaimer I am an investor in the project, and it is to my benefit that the project succeeds. That said I love community projects and privacy coins, so the project itself has huge potential regardless of price dynamics.

Read more:
ZClassic and the Bitcoin Private fork : altcoin