Crypto has been struggling to get accepted into formal financial markets recently, Bitcoin ETF proposals have been rejected by the SEC
one after the other. The SEC argues that its main concerns are market price manipulation, security issues on the crypto exchanges, low liquidity and mall relative size of the crypto market.
While it might get some more time to develop more reliable tools on the crypto ecosystem and have SEC approves bitcoin ETF. It is well known that strong future markets help to stabilize volatile prices of many assets such as commodities. Futures markets have to be incentivized to grow further and bring more overall reliability to the crypto ecosystem.
Foreseeing this opportunity, a experimented pit-trader from the London International Financial & Options Exchange (LIFFE)
has inspired a crafty team to create the perfect opportunity for crypto futures markets ultimate expansion an growth. They create a concept that will change the current paradigm of crypto futures market. They have created Digitex
, the first commission-free futures exchange.
Why futures markets are such a big deal?
Futures markets are one of the most important tools for stabilizing volatile markets. Its relevance for the crypto ecosystem lies in three factors:
- Futures markets give traders the opportunity to trade prices without the risk of transferring, storing, and paying in full for the underlying instrument on whose price they are trading.
- The crypto market size is roughly $200 billion at the time of writing this article while the derivatives market size is estimated to be $1.2 quadrillion on the high end... those are just to many zeros at the right end of the figure. Since futures are part of the derivatives market, it is quite straightforward why we all should be praying for solid, secure, and growing crypto futures platforms.
- The higher the capital vested on crypto, the more guarantees investors will want to have within the ecosystem. A fully-fledged traditional-like financial platform such as futures markets will increase the trust of the investor on the crypto ecosystem.
But despite its great benefits and low costs, futures market's fees are still too much of a burden for high volume, low profit, margin futures trading strategies. This situation hinders futures market liquidity and turns possible profitable strategies into losing ones after commissions are charged.
Digitex gamechanger commission-free scheme
will create an Ethereum based token, it will be called DGTX. It will be used to denominate all profits, losses, margin requirements and account balances. Therefore, any trader that wants to participate in the commission-free trading environment of Digitex
should own DGTX, thus a great demand is expected from the traders willing to join this unique opportunity.
Having read this much a question yet remain unanswered, how is it possible for an exchange to operate without charging fees? How does it sustain itself?
At this point is when the genie came out of the lamp. Instead of charging fees on traders that bring liquidity to the futures market, Digitex
revenue model imposes a small inflationary cost on all token holders that will be widely outweighed with the high demand that the DGTX token will have. Even better, Digitex Futures Exchange
will leverage onto the trustless security system of the Ethereum Blockchain to guard account balances. An Ethereum smart contract will hold all account balances, Digitex
will inform the Smart Contract about each trader outstanding margin liabilities
and profit/losses balance.
In a nutshell, Digitex Futures Exchange
will not hold any physical data about traders balance nor it will hold any private key from users. Thus, malicious actors have little to no incentives to attack the Digitex
The icing on the cake. DGTX holders will be the ones who decide DGTX minting rates
DGTX token issuance will be democratically decided by the DGTX holders through a mechanism leveraged on the Blockchain, this will readily enforce a healthy DGTX token inflation rate, aligning the interest of the DGTX holders with the interest of the Digitex Futures Exchange.
Futures traders' commission-free Utopia, a dream that became true
By creating an ERC-223 token on the Ethereum Blockchain, and by using it as the native currency of the Digitex Futures Exchange
, traders will be to enjoy more freedom than ever with a operating scheme that allows them to implement whatever trading strategy they desire without fees-related limitations.
This new high liquid market will attract many traders that must buy DGTX token to cover the margin requirements to open trades. Thus, the inflationary pressure will be more than matched with the high demand for DGTX tokens. Besides, the first two years there will be no issuance of DGTX tokens since all operative cost will be covered through the DGTX ICO. Skeptical traders will have more than plenty time to watch the performance of the Digitex Futures Exchange
, but traders will have to keep in mind that the early bird gets the worm.
According to Digitex Futures Exchange
projections, in early 2021 the first issuance of DGTX tokens will occur. Traders will vote to decide how many tokens will be minted to cover for software development, servers, staff, premises, marketing, support, and other related costs to keep the platform fully operational. They will do so through a Blockchain-based, Decentralized, Governance Mechanism that will allow DGTX holders to vote with a 1-DGTX/1-vote ratio.
If you have had enough and don't want to waste more time to join this project, go here and get early access. If not keep reading that it just gets better
DGTX token details
Since all profits and losses are denominated in DGTX tokens, each trader have to own enough DGTX to cover his potential losses because the tick value
of each Digitex
futures contract is one DGTX token.
The owner of DGTX tokens can engage in the buying and selling of liquid futures on the price of the Bitcoin against the USD, Ethereum against the USD, and Litecoin against the USD. Due to the commission-free framework of Digitex
, the more active the trader is, the higher the intrinsic value of each DGTX token he has because he is saving the commissions than any other platform would have charged on him for doing the exact same trade.
Let's summarize the key aspects of the DGTX token
|DGTX will be the native currency of Digitex ||The tick value of each Digitex futures is one DGTX |
|Traders' margin requirements will be covered with their DGTX ||Account balances are denominated in DGTX tokens |
|DGTX minting will cover for Digitex operational costs ||The initial supply will be 1 billion of DGTX tokens. The funds risen in the ICO will cover the costs of Digitex for the first 2 years of operation. |
|Integration with swap.tech ,0xproject, and bancor.com enables free tradeability of DGTX with BTC, ETH, and other major Cryptocurrencies ||Traders can eliminate DGTX price risk thanks to DGTX peg system. |
Price risk is no longer a burden for traders thanks to DGTX peg system Hedging
is a basic strategy in stock markets to protect portfolios and reduce the negative effects that negative market movements may have on traders investments. Traders that hedge risk on their physical holdings of the underlying instrument (Bitcoin, Ethereum, or any other cryptocurrency) cannot tolerate DGTX token's price affecting their positions.
To protect traders from DGTX price volatility, Digitex Futures Exchange
has futures contracts on the price of DGTX that allows traders to lock in their tokens and sell them at current market prices. This great tool allows traders to keep possession of their DGTX tokens to cover their margins and keep trading on the Digitex
futures market. The downside of this strategy is that traders will not earn the profit if the DGTX rises because of the tokens being locked at a lower price.
As with any other future contract, the trader has to deposit a margin payment in the currency to which he is pegging the value of DGTX to cover his potential loses on the trade. Because the trader is protecting himself against DGTX price risk, another currency has to be employed to cover margin payments. ETH deposits are handled into an independent account balance smart contract and BTC deposits are converted into RSK
and deposited into a separated Account Balance Smart Contract (RSK is a Turing complete sidechain of the bitcoin network).
DGTX token availability
If DGTX token will be the fuel of a high volume and very liquid futures market, it has to be readily available and as frictionless as possible. Some traders may be happy to hold DGTX for the long term, but most traders will buy DGTX tokens only when needed and convert them back to other cryptocurrencies as soon as their positions are closed.
To properly address this situation, Digitex Futures Exchange
will integrate 0xproject
into its platform. Besides, 20% of the proceeds from token sales will be used to create a liquid market of DGTX tokens to ensure that a enough offers can sustain the expected high bid levels.
Traders on the Digitex Futures Exchange
are expected to buy DGTX at the start of each trading session, use the DGTX peg-system to lock in their sale price and convert them into the original cryptocurrency a few hours later when the trading session ends. This workflow will ensure a massive volume of DGTX traffic that will benefit greatly in the long term.
DGTX token supply and distribution
- 650M (65%) DGTX tokens were sold in January 2018: THEY SOLD ALL THE SUPPLY IN JUST 17 MINUTES
- Digitex market makers have 200M (20%) DGTX are bots that uses sophisticated algorithms to create liquid futures markets with tigh offer and bid spreads, even in volatile market conditions.
- 100M (10%) DGTX will be paid to the founding team. These tokens will be vested until 1 year past the first revenue generation token creation event (2021).This will incentivize the team to create a solid and ever-growing business model that creates demand for DGTX tokens.
- 50M (5%) DGTX will be allocated into a referrals program.
DGTX token issuance model and price projections
DGTX token creation events will occur via a fully auditable Smart Contract, a transparent review of DGTX token supply and event creations will be always available. Digitex
team build price projections over these basic assumptions:
Source: Digitex white paper page 8
Quotation source: Digitex white paper page 7-8
- 2% of traders are whales who buy a total of $150,000 USD worth of DGTX tokens over a 2 year period.
- 10% of traders are medium-sized traders who buy a total of $15,000 uSD worth od DGTX tokens over a 2 year period
- 88% of traders are small traders who buy a total of $1,500 USD worth od DGTX tokens over a 2 year period
This is an oversimplified model that doesn't take into account the overall trend in the crypto market. If the market turns bullish the rise in DGTX prices will be more than expected, but if the market is too bearish, the expectations may not be fulfilled even if the right number of traders is reached. Despite all that, the general trend can be depicted in this chart. Moreover, taking into account that BTC has lost more than 60%
of his value in 2018, DGTX stands as the 3rd bigger gainer according to coinmarketcap. You can tell from the graph below that investors are excited about the approaching kickstart date. Source: Coinmarketcap
DGTX token inflation projections
After January 2021, the next 12 months of the operational cost will be covered through the minting of new DGTX tokens. Here we can see a table with the expected effect of the inflation on the value of each DGTX token: Source: Digitex white paper page 9
The worst case scenario guarantees that if only 1,000 new trader registers during the first 2 years and DGTX price remain stagnant, only 5% of inflation is required to maintain the operational costs for the next 12 months. The effect of 5% inflation over the 0.02% price is negligible. Also, if the best case scenario is met, only 2.3% of inflation will be required to sustain the platform and its effect on the project price will be only of 1 cent per DGTX token. If the project reaches this stage, securing 12 months of development and more marketing will attract thousands more of traders that will increase the demand for DGTX outweighing the inflationary cost of creating that demand. You can tell that their projections might have been too conservative, in September 2018 we got an announcement about their waitlist reaching 100K signups
...no wonder why their CEO seems so happy.
Digitex hybrid trustless futures trade platform
have adopted a smart combination of the best features obtained with centralized matching engines and trustless, decentralized Smart Contracts to held account balances. In the wild future trading pits, each second matters, thus its mandatory to have a system with the smallest latency levels. Also, privacy is required to prevent frontrunners to exploit big orders. Many other desirable characteristics aren't yet available onto on-chain platforms and are only reached on centralized dedicated servers such as margin trading tools, scalability, and high privacy. Therefore, a hybrid model that covers current on-chain shortcomings and have none of the centralized ill-practicing is the smartest approach to leverage this new business model.
Digitex. The oracle for the account balance smart contract Digitex
acts as an Oracle that updates the decentralized Smart Contract that holds traders' account balances. When a trader requests a withdrawal of DGTX tokens, the Smart Contract requests an update to Digitex
about the trader's profit and losses, as well as his current margin liabilities on his current matched and unmatched orders. Thus, the Smart Contract can update its available withdraw balance for that trader.
The potential attack vector from the communication of the exchange with the Smart Contract will be prevented by calculating from scratch traders' profit and loss from their matched trades whenever the smart contract asks for an update to a trader's account balance. Thus, a hacker who has somehow gained access to the exchange, will not be able to create the fake matched trades (which needs a counter-party and timestamps) and alter the account's balance of any trader.
How is this hybrid model more beneficial for traders activity Digitex
is unable to freeze or to seize any trader's fund for whatever reason. Pressure from outside authorities, KYC/AML regulators cannot enforce any legal action against the exchange since it actually can't reach trader's funds. Also, Digitex
doesn't have access to the private keys of any trader, thus trader's funds cannot be accessed or mismanaged for the exchange.
Final Thoughts Digitex
benefits are of great significance for everyday traders, a commission-free platform will be a substantial improvement on the profit earned in many portfolios. Also, decentralized account balances and the centralized matching engine provides the best of the decentralized blockchain security and the centralized services reliability. The expected latency time for order matching is within the millisecond's scale, also, full privacy and no front-running is expected.
From the traders business perspective, Digitex
single tick trading strategies are available for the first time within the crypto ecosystem, this parallel with the market makers will greatly boost market liquidity.
A Steemit blogger use case
From the starting date of the Steemit platform, some bloggers have earned $100K worth of crypto. They have been really excited about crypto for two years, and they think it is time to jump in the futures market. They search for traditional options like BitMEX, GDAX, CryptoFacilities, and some others, but they discourage themselves when they discover that the high volume low margin strategy they have been carefully studied for the last two years is unpracticable on the traditional platforms.
They are frustrated and return to read some posts on Steemit while scrolling the trending page they read about a new futures market platform on a post of the well-known @originalworks account, they read some of the best entries of the weekly contest and they can't stop the big smile that is printed on their faces. Right from the very same source of their first crypto assets, also they get the tool that will provide them the opportunity for testing all the knowledge gathered for the last 2 years. With Digitex
they will enter the world of derivatives and start their venture as crypto traders.
Additional Information about the project
Here is Digitex Roadmap
Watch the Digitex exchange on action with their CEO Adam Todd https://youtu.be/qxqyspMiPGg
Are you excited with the project and want even more information? Visit their social media channels
submitted by joelsegovia
to u/joelsegovia [link] [comments]
Tangle (DAG), The Phenomenal Solution Oriented Approach to all Blockchain Cryptocurrencies woes
Tangle (DAG) for some is a just a buzzword, while for others, it has become the best way of crypto financing or may be, a way of living. There are a number of different cryptocurrencies flourishing in the market such as Bitcoin, Ethereum, ETH, NEM, Ripple, IOTA and Litecoin etc. All these cryptocurrencies have multi-billion dollar worth in the financial market but still, there are some technology related shortcomings Let us first look at the evolution of Tangle (DAG), what it is actually and how it has become, what it is today. Evolution of Tangle (DAG):
DAG in Tangle stands for Directed Acyclic Graph. So, it is a kind of a directed graph type which employs such data structure which brings into use the topological ordering as well. The system is designed in such a way that the sequence could only possibly move from the earlier to the later point and not otherwise. Briefly, it has application where there are issues related to the processing of data, looking for the optimized navigation path, scheduling and data compression. In order to understand the evolution of Tangle (DAG), we need to connect dots back in the year 2015, when the blockchain was the standalone ruling technology. Before this enormous popularity of blockchain was achieved, it was just known as a conventional data structure that is using the Bitcoin technology. So, the transition from just being an ordinary technology to a popular one helped it gain the title of Blockchain 1.0, the pioneer and the first of its kind.
That was the time when Ethereum based model (also used by CyBitTM
) was creating great waves in the crypto circle as a much loved decentralized platform which was preferred for running just as it is programmed. Soon, with time, Ethereum model became to be known as the Blockchain 2.0. This is the time when there are many speculations about what would become the Blockchain 3.0. This could probably be the Directed Acyclic Graph (DAG) for a number of its good characteristics which might not be possessed by all of its predecessors or other related technologies. Bitcoin VS Tangle (DAG): What is Bitcoin?
Bitcoin is the pioneer in the decentralized digital currency, where their worldwide payment system is made to work without having any central authority, single administrator or a central bank. Unlike the fiat currencies, Bitcoin has got limited supply which is tightly scrutinized by the underlying algortithm.it is an open source platform whose code is readily available over the web in order to be manipulated by the project developers as per their needs in the projects. Pros:
· It comes with a minimal transaction cost.
· The digital nature provides immense protection against possible payment fraud.
· Bitcoin just on its own made over $8 billion in transactions as compared to a total of $132 million done altogether by Fedwire, Bank of America, Western Union, PayPal and Automated Clearing House (ACH).
· Ensures direct transfer and eliminates any need for third party approval for payments.
· The technology protects your identity and other information over the public network. Cons:
· Transactions carried through Bitcoin blockchain network are irreversible. It means if you make a transaction accidentally then your funds are lost forever.
· Bitcoin has scalability issues as a block size limit of 1MB is still imposed.
· By nature, the Bitcoin network could be used for illicit funding and immoral activities. Comparison of Bitcoin VS Tangle (DAG):
· Centralization –
We have seen earlier that small miners makes large groups for the sake of lessening the reward’s variation. This situation propels into the concentration of power going into the control of a handful of operators. It enables them to implement policies of wide spectrum, including postposing and filtering policies over a certain range of transactions. Although, no reporting of such incidents anytime in the past with the misuse of power but certainly there was the presence of such an opportunity. This is what Tangle is. Bitcoin, on the other hand is known for somewhat having a centralized control. Just imagine that there are 10 mining pools which accounts for 80 percent of the mined blocks over the past week and all exist Japan. This is an issue as just imagine a regulation change in Japan resulting in a large chunk Bitcoin hardware getting totally isolated from the other parts of the world.
· Cryptography –
Tangle technology make use of the quantum resistant algorithms for cryptography which are immune to any kind of the brute force attack. Moreover, Tangle also diminishes any chances of having a Quantum consensus attack impact by a million times. This on the other side is an issue with Bitcoin, as that could be crippled with an instantaneous Quantum computers large scale deployment.
· Micropayments –
Bitcoin in its initial days had very low transaction fees and was the unique selling point of Bitcoin at that time. But, with time, the transaction fees went quite high. Tangle, has no transaction fees, whatsoever. You may send a token worth a fraction of dollar with no payment of any transaction fees.
· Partition –
Bitcoin requires transactions to be fully relayed by the nodes that are hooked up with the network. There is no possibility of carrying out any transactions in an off-chain manner as the ledger update is constantly required in order to restrict ant double spends cases. The Tangle may operate without the need to be hooked up with the main Tangle. You may do so with the connection with ease and whenever you want. Ethereum VS Tangle (DAG): What is Ethereum?
Ethereum is one of the finest and innovative open source blockchain technology offering distributed computer network. Ethereum by nature is very much similar to the Bitcoin technology discussed above but, there are some notable technology-based differences between the two. Their major difference is in their capability and purpose. With an Ethereum blockchain as the one entrusted by CyBitTM
, the miners work for earning Ether, which is a particular type of a crypto token required for fueling the network, instead of mining bitcoin. Ether more so is also employed by the developers of the platform to pay the required transaction fees and for any of the services on the Ethereum network. Pros:
· In an Ethereum network, no third party could ever make any possible change to the data.
· The Ethereum platform is totally corruption free as it is almost impossible to make any kind of censorship.
· Any app that is connected to Ethereum would hardly ever go down and this could never be shut down as well.
· Ethereum can largely be trusted for the fundraising campaigns by making use of the smart contracts.
· There is no set limit for the platform in Megabytes
· Ethereum, for mining the Ether tokens just takes about 14seconds, which is quick as compared to the bitcoin, that takes somewhere over 4 hours.
· The algorithm that the network uses for mining Ether tokens is known as “Proof of Work” and this is smart enough to restrict any kind of hacker attacks. Cons:
· The smart contracts are programmed manually so there is an element of possible human error which could lead to code bugs and result in unintended actions to be taken.
· If there is any possible attack or exploitation in the network then only possible way to stop this is to rewrite the underlying code and go for a network consensus prior to that. Comparison of Ethereum VS Tangle (DAG):
· Mining –
Ethereum is totally dependent upon the miners to work for validating the carried transactions. Tangle on the other hand does not need miners to validate any transaction. Actually, every transacting device over the network of Tangle is required for validating transactions.
· Speed –
The transaction speed of Tangle is about double to that of the Ethereum. In actual comparison, Ethereum takes about 6 minutes for completing its transaction while Tangle takes just about 3 minutes for doing the same job.
· Transaction Speed -
As Tangle by nature has no miners at all in its network, so for carrying out any transactions, no transaction fees is required to be paid. On the flipside, Ethereum does require a transaction fee to be paid in order to complete it.
· Efficiency –
Tangle is far more efficient than the Ethereum as lack of mining means that not much energy is required for running the Tangle network. Ternary logic in place of the binary logic also makes Tangle network more efficient. Ethereum is still known for relying on mining and for this reason, it consumes a lot of energy.
· Open Source –
Ethereum enjoys a completely open source platform, in contrast to the closed-nature platform of Tangle, which is highly criticized for such a structure.
· Inflation –
IOTA, one of the application of Tangle is known to have all its tokens being already issues. On the other end, the supply for Ethereum would always be increasing. This scenario in other word means that Ethereum has a risk for inflation and Tangle doesn’t. NEM VS Tangle (DAG): What is NEM?
NEM is a versatile open source natured blockchain platform which came into the crypto scene in January 2014. It is popular for meeting the requirements of the mainstream industry which are known to stretch far ahead in the clean crypto type applications. This incredible financial solution can be entrusted for the varying needs such as for making payments and ensuring settlement in a completely controlled and as well as private environments. NEMs private version is known as Mijin which is popularly used in Japan by 140 plus institutions. Pros:
· NEM is loved by most of the users for the fact that it has pure and a highly tried and tested application outside of the crypto. It is applicable for real world applications and can be used for settling any asset.
· NEM uses harvesting model instead of the conventional mining. Users are tempted to harvest more for the incentive or the reward they get for harvesting.
· Transaction fees is the lowest among many of the blockchain cryptocurrencies.
· NEM has the potential to verify a transaction just in a matter of little over a couple of minutes.
· NEM can be used for a lot more applications other than just the financial and monetary solutions. For example, theoretically, NEM can be used for storing any kind of official documents such as company shares or birth certificates etc. Cons:
· Proof of work is used by the NEM model which in today’s time is just considered as a total waste of time, computing energy and other monetary resources.
· Scalability just like Bitcoin is an issue having a block size fixed at 1MB. Comparison of NEM VS Tangle (DAG):
· Public or Private –
The NEM technology has got the potential to impeccably interface between he private and public network chains. This enables you to transfer files, crypto tokens or currency from your internal private network to another company’s private network using the public blockchain. On the other hand, Tangle majorly is a public network.
· Speed –
Speed is the best selling point of NEM. NEM is known for completing its transaction successfully in 3 seconds. This is quite low as compared to that of Tangle which is around 3 minutes. Although, 3 minutes for Tangle is still good as compared to several other blockchain based cryptocurrencies.
· Transaction Fee –
NEM does have a transaction fee to be paid for every transaction carried, along with any additional fee if message is included. The Tangle on the other hand has absolutely no fee for carrying out transactions over its network.
· Fork –
NEM is an open source project and it’s codebase is available online so that any developer working on NEM project could download, modify and upload the code as per their project’s requirements. On the other end, Tangle is completely closed-end solution with no such flexibility available as compared to NEM or may be other blockchain technologies.
· Harvesting –
NEM employs the concept of harvesting instead of mining. In this case, approved users only with a certain number of XEM could only harvest. This makes absolutely no room for cheating or a scam to take place. The Tangle on the other end does not require mining for validating transactions, but nonetheless, it is also a secure model for users. Litecoin VS Tangle (DAG): What is Litecoin?
Litecoin, under the blockchain umbrella comes as one of the many online currencies of decentralized nature. The currency could be employed for performing online transactions and purchases, including website development, buying subscriptions or ordering things like jewelry online. Just like other blockchain based cryptocurrencies, it provide users with a very easy and quick method for accepting money online. The payment receiver has the potential for quick verification of the transaction made and this Litecoin platform is actually much quicker than Bitcoin and several other blockchain based technologies. Pros:
· Litecoin in terms of completing a transaction is the fastest among many of the popular blockchain based cryptocurrencies.
· The transaction fee in this model is as good as zero as compared to Bitcoin.
· Mining is far easier in Litecoin as compared to other cryptocurrencies due to the inclusion of its innovative ‘Prove of Work’ algorithm.
· Litecoin has a very low market cap when compared with the other top of the line tokens in the crypto market of today.
· Security is impeccable which has grown in quality since its inception some 6 years ago. Cons:
· Litecoin is touted as a kind of modified version of bitcoin and it lacks innovations of its own. It has got significant identity problem and it gets a kind of over-shadowed in the presence of Bitcoin crypto platform.
· Once the scalability issue of Bitcoin is resolved then Litecoin market would definitely be negatively impacted. Comparison of Litecoin VS Tangle (DAG):
· Speed –
In comparison to the 3 minutes speed of transaction completion for the Tangle platform, the speed for same for the Litecoin is 10 times than the Tangle. Yes, you read that right, transaction speed for Litecoin is 30 minutes. However, Litecoin transaction validation is very quick and is just a matter of seconds.
· Transaction feed –
As stated above in comparison of multiple other blockchain platforms with Tangle, the later has got no transaction fees at all. In case of Litecoin, there is a transaction fee but that is too little.
· Mining –
Litecoin like almost all other blockchain based cryptocurrencies rely over the mining mechanism for validating all the transactions carried on through its network. On the other hand, Tangle as mentioned above does not require mining at all.
· Market Cap –
Litecoin is known to have a market cap which is even lower than that for NEM and ETC, which is required when the volumes are higher. On the other hand, Tangle is fully scalable and does not have any such market cap imposed. https://preview.redd.it/6tf2oq7d78511.png?width=833&format=png&auto=webp&s=1ccacd2c1fc30ba1c28dcbdb706a39b2a4f71bc5 The Critical Tangle bug:
As we have learned by now that the Tangle network has got the potential to validate transactions in quick time, which is all thanks to its graph structure. However, it has also been noticed that the current implementations in several crypto projects are seeing another big issue of synchronization. It is the need for the synchronization of the states in the network between the nodes. There are ICOs using such models who have multiple impractical solutions to these issues. Some are having a single node controller mechanism while some using a multi-node (as many as 12 nodes) controller. Such controllers are operated directly by the developer and this does not make it an ideal solution, mainly because of having immense human intervention, leading to many possible human errors. Furthermore, it is also not ideal because of having a single point of failure. The Blockless Model Idea:
Just as we write this, the IOTA, IoT Chain and Byteball are the major players in the crypto market that are categorized as the blockless projects. With the blockchain core cryptocurrencies, the main bottleneck is the limited creation speed. As far as bitcoin is concerned then it is known to generate a new block in every 10 minutes which is too long to manage a highly complex network. Ethereum on the other hand is much better, but still it takes some 20 seconds for the purpose of validating the block. Has anybody ever thought that why at all we need a block? If you understand the bitcoin network then it is seen that numerous transactions carried are actually mined into the form of block. At the same time, the sequence of transaction is recorded by the pre-hashes that exists between the blocks. So, how is that for an idea if we go on to combine the transactions and blocks together? In this situation, every transaction should be made involved directly in the maintenance of the sequences. So, once, any transaction is carried, there is a possibility for the mining process to be skipped. This all shapes up into an efficient, blockless model which will have the best of both the blockchain and Tangle technologies, thus giving us the most optimized and trusted solution. Final Word:
In essence, blockchain is good with its data integrity features and in security and transactions handling features, Tangle has a definite edge over blockchain. At this point of time, it could be concluded that Tangle is better than blockchain, but at the same time, it doesn’t take much away from the credibility of the blockchain as the other is a novice technology and taking its stepping stones towards success. However, it can be safely said that tangle has got great potential for beating blockchain in the near future.
VP Operation (VPO)
Blockchain Fintech Product CyBit Limited | Cybit.io
Copyright © CyBit Limited 2018. All rights reserved.
submitted by CybitCorp
to CryptoCurrency [link] [comments]
If you owned 1 bitcoin before the creation of Bitcoin Cash, you now have 1 BTC and 1 BCH, which can both be signed using the same private keys. Source: Reddit r/btc . However, Bitcoin and Bitcoin Cash are not non-interoperable. You cannot send your Bitcoin Cash to the Bitcoin network and somehow own 2 BTC. Your bitcoin cash and bitcoin now ... Bitcoin, Litecoin Price in USD historical chart Average price, per day, USD. Share: btc eth usdt trx link ltc bch xrp bnb eos crt xmr zec bsv ada usdc uni okb neo xlm etc btt yfi dash dot seele jst tusd atom ust xtz fil inj ht omg ont pax yfii sxp waves algo qtum vet xem iost dac dai theta uma rsr wbtc near zil aave srm band zrx doge ren crv bat mana xvs cro sushi pha kcash sol knc ksm btg ... Litecoin, for example, uses a different proof of work algorithm to bitcoin, called Scrypt. This has been optimized to be friendly to CPUs and GPUs, making them a good option for GPU miners who ... Bitcoin USD price, real-time (live) charts, bitcoin news and videos. Learn about BTC value, bitcoin cryptocurrency, crypto trading, and more. Bitcoin vs. Litecoin: An Overview . Over the past several years, public interest in cryptocurrencies has fluctuated dramatically. While digital currencies do not currently inspire the same fervent ...
         
LITECOIN PRICE VOLATILITY - BE CAUTIOUS
Litecoin have doubled its price over the last two months ahead of Halving in August, WIth almost two months go Is there still a Possibility for Gain ? KUCOIN INDIA MEET UP https://www.kucoin.com ... LITECOIN UPDATE!! BREAK COULD BE LOOMING! MY EXACT CHART SETUP RIGHT NOW! HAVE A PLAN FOR BOTH DIRECTIONS! Not Financial Advice! Entertainment only! Romans 10:13. Litecoin approaching the last 25% of pattern setup. In this video we discuss what ltc price may do in the hours and days ahead. Cycles of Bitcoin - https://w... We have seen Litecoin do this time and time again. An ltc pattern sets up, giving us time to prepare, and then it breaks to target. Litecoin targets are always two-fold, up or down. Best to be ... Support the stream: https://streamlabs.com/cryptocapitalventure In this Litecoin video, we discuss bullish target of Litecoin price. We also look at support ...