Tron is a blockchain-based protocol for a free content entertainment system, allowing each user to freely publish, store and own data.
Tronix-Tron-TRX does this in the decentralized autonomous form, decides the distribution, subscription and push of contents and enables content creators by releasing, circulating and dealing with digital assets, thus forming a decentralized content entertainment ecosystem.
Tronix ix an ERC20 token based on the Ethereum blockchain, acting as the basic unit of account on the platform.
Introduction:
Tron(TRX) another raising name in blockchain industry, was created by Justin Sun.
Like other crypto projects it is also a decentralized platform which provides the foundation for entertainment ecosystem.
It allows direct access to customers and eliminates any third party in-between content creators and distribution networks.
TRON is about to cover $1 trillion entertainment industry over the globe. It has a large number of employees in Beijing office.
The idea behind this ecosystem is to eliminate the need of big companies and give more rights to people on their content while selling and purchasing.
Influencers:
Jack M:Founder of Alibaba Group has recently stepped in TRON. Alibaba executives have joined TRON development team, so we can say that project is in brilliant hands. Wei Dai:He is the founder of Ofo. A china’s biggest shared bicycles provider who has invested about 3 billion dollars in TRON. Feng Li:One of the key early investor who is also connected to Ripple and Coinbase. Chaoyong Wang:He is Founder of ChinaEquity Group, with market value 2 Billion USD. Linke Yang: Founder of BTC China, which was at one point “the world’s second-largest bitcoin exchange”. Shuoji Zhou:Founder of FBG Capital. Hitters Zhou:Founder of Nebulas.io and ico365.
Technology:
TRON has consensus engine which is core module of the platform.
Consensus engine gets connect to the application by ABCI to form a fault-tolerant state machine.
All this can be implemented by any programming language. Its software hagiarchy includes Wallet module, blockchain module, and smart contracts.
Advantages:
A list of successful investors. Users have central ownership of their data.
Free public service where content owners have rights than other companies.
A big boost in the entertainment industry by a non-profit platform.
Qtum is a decentralized blockchain platform with dApp and turing-coplete smart contract functionalities while still mantaining a an Unspent Transaction Output (UTXO) transaction model.
Qtum employs a Proof of Stake consensus mechanism. QTUM is the underlying value token in the Qtum blockchain.
Introduction:
Qtum (quantum) is a mix of Ethereum and Bitcoin. It uses the most significant smart contracts of Ethereum and Bitcoin’s blockchain to complete its platform.
Qtum used proof of stake 3.0 consensus protocol for verification.
The main idea behind this project was to make smart contract much easier and secure for use with the tag of interoperability with other well-established cryptocurrencies.
Quantum [Qtum], is a mix of two stable names Ethereum and Bitcoin.
Qtum uses the version of Ethereum’s Virtual Machine that makes smart contracts but uses its own custom language for smart contract creation for transactions.
Whereas those smart contracts run on the UTXO verification model.
Advantages:
Best features of two best coin (mix of Ethereum & Bitcoin).
The latest consensus protocol Proof of Stake 3.0.
Completability with separate transaction signature.
Unspent Transaction outputs (UTXO) model; proven to be best blockchain model.
Disadvantages:
There are no minimum staking numbers defined.
Doubted history of Co-Founder Patrick Dai who was accused of defrauding.
BTC UTXO limitation can create challenges which are avoided by Ethereum.
ZCash is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem.
It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible.
ZCash uses zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, reciever, ammount) is encrypted, without the possibility of double-spending.
The only information that is revealed regarding transactions is the time in which they take place.
How Zcash creators works:
Zcash
encrypts the contents of shielded transactions.
Since the payment
information is encrypted, the protocol uses a novel cryptographic method
to verify their validity.
Zcash uses a zero-knowledge proof construction called a zk-SNARK.
These constructions allow the network to maintain a
secure ledger of balances without disclosing the parties or amounts
involved.
Instead of publicly demonstrating spend-authority and
transaction values, the transaction metadata is encrypted and zk-SNARKs
are used to prove that nobody is cheating or stealing.
Zcash also enables users to send public payments which work similarly
to Bitcoin.
With the support for both shielded and transparent
addresses, users can choose to send Zcash privately or publicly.
Zcash payments sent from a shielded address to a transparent address reveal
the received balance, while payments from a transparent address to a
shielded address protect the receiving value.
To learn more about Zcash's zero-knowledge proving scheme for private payments, visit the developers and creators of ZCash here: zk-SNARKs page.
What is Ontology Network is a public infrastructure chain project and distributed trust collaboration platform.
The blockchain/distributed ledger network combines distributed identity verification, data exchange, data collaboration, procedure protocols, communities, attestation, smart contract system support, and various industry-specific modules.
Previously an NEO-based token, the ONT has now launched his mainnet. It will serve as the utility token within the platform.
What is Ontology (ONT):
Ontology is a new high-performance public blockchain project & a distributed trust collaboration platform.
Ontology
provides new high-performance public blockchains that include a series
of complete distributed ledgers and smart contract systems.
Ontology
blockchain framework supports public blockchain systems and is able to
customize different public blockchains for different applications.
Ontology supports collaboration amongst chain networks with its various protocol groups.
Ontology
will constantly provide common modules on the underlying infrastructure
for different kinds of distributed scenarios, such as those for the
distributed digital identity framework, distributed data exchange
protocol, and so on.
Based on specific scenario requirements, Ontology
will continue to develop new common modules.
Important: Ontology [ONT]:
There will be no presale/public sale of ONT. Those who registered to our newsletter will receive 1,000 ONT for free (details and date of which will later be confirmed). Please read this article before asking any related questions.
Ontology Network (Blockchain Service):
Ontology Network is a blockchain/distributed ledger network which combines distributed identity verification, data exchange, data collaboration, procedure protocols, communities, attestation, and various industry-specific modules.
Cardano is known as a technology platform of Ada cryptocurrency which
is more than just a crypto. It is used to send & receive funds that
are secure through cryptography.
Cardano has ha digital cash which
depicts the future of digital funds and their transfer mechanism.
The
whole platform is in developing the process where each layer has its own
function and flexibility in regard to adaptation and modification to
current needs.
This is the only crypto project which is developed on the basis of
scientific philosophy and compromises on the research from academics
& engineers around the globe.
Influencers:
Cardano was founded by the co-founder of Ethereum in 2015.
There are 3 generations of blockchain in the market now where all crypto projects are being developed.
Generation 1: Bitcoin and Money Transfer
Generation 2: Ethereum and Smart Contracts And the most recent one is:
Generation 3: Cardano
It’s founder Hoskinson wanted to stay a step ahead from the world
because of few mostly addressed problems including Scalability,
Interoperability. And Sustainability.
Advantages:
More reliable than other crypto platforms.
Proof of stake validation eliminates the need for extra machines.
It is a two-layered system where each layer is responsible for a complete task.
Working more on interoperability of different crypto platforms.
Stellar is a non-profit payment network based on blockchain which eliminates the need for the bank by giving substitute of any bank institution. It is a distributed blockchain ledger that provides cross-asset transfers in no time along with its robust database system. Its digital asset is Lumens (XLM).
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Influencers:
This project is influenced by significantly major names of blockchain industry.
Nicolas Barry - CTO
Bartek Nowotarski- Developer
David Mazières - Chief Scientist
Boris Reznikov - Partnerships
Ella Qiang - Partnerships China
Technology:
Stellar has presented its own Stellar Consensus Protocol(SCP) which makes no assumptions about attackers. It has surpassed both existing consensus proof-of-stake & proof-of-work algorithms and opened a new door to modest computing & finances. By the use of SCP barriers to enter and open financial system is lessened.
Advantages:
A very little fee of any transaction which is about 0.00001 XLM ($0. 000005).
Instant transaction within 0-5 seconds.
A non-profit organization, community owned.
Big partners like IBM and DELOITTE.
Disadvantages:
It is a pre-mined coin.
A limited number of XLM are available.
XLM lower price.
What is Stellar Lumens:
Stellar Lumens is a Ripple-based cryptocurrency (created in 2014) that was designed for quick, extremely inexpensive transactions.
It’s a trustless system that gives users the ability to send money across countries and currencies inexpensively and instantly.
Like OmiseGo, Stellar Lumens aims to provide the whole world with inexpensive, decentralized financial services.
Every user of the Stellar Lumens network will benefit from this, but users living in poverty-stricken and underbanked regions will benefit the most.
The fact that Stellar is open source and geared toward developers also supports their mission as a sort of “people’s coin”.
Stellar Lumens Value, Market Cap and Volume:
[September-03-2018@11:21]: There are over 4.31 billion XLM tokens currently in circulation.
There is a total coin surplus and distributed at: 103,432,382,849 XLM coins.
There is currently privately owned coins at: 18,431,982,740 XLM coins that
The Stellar XLM coins can ever be mined to set value of 103,432,382,849 and no greater than.
This may point toward some difficulty in raising the value of the individual tokens.
Generally, coins with lower supply caps have an easier time gaining in value. However, if Stellar can manage to seat itself as the most usable coin for its purpose, the large supply of coins may not be such a hinderance.
The fact that Stellar is taking steps to form a good relationship with the developers’ community is a good sign that it is well-positioned to be adopted for wider use as a currency for everyday transactions.
For the first three years of its life, Stellar Lumens hovered between $0.02 and $0.04.
Then, in May of this year, it saw a sharp increase–at its height, a single XLM token was worth just over $0.06.
It has since fallen to around $0.02, but is likely to keep growing.
How Does Stellar Work?
To use the Stellar Lumens network, you must create an account.
You make a deposit on the network in your country’s currency, which is then credited to your account in the form of XLM tokens.
When you withdraw from Stellar Lumens (using an “anchor”), your money is converted back into your currency (or the currency of whomever you sent your XLM to).
“Anchors” on the Stellar network are entities “that people trust to hold their deposits and issue credits into the Stellar network for those deposits”.
In other words, anchors can be banks, farmers’ coops, or other mobile money operators that can issue credits, accept deposits, and can process withdrawals.
In order to qualify as an anchor, an entity must fit certain legal criteria.
Anchors on the Stellar Lumens “act as a bridge between existing currencies and the Stellar network”.
As a user of Stellar, you can go to a Stellar anchor and withdraw money into the “real world”.
Stellar, Low Fees, Fast Transactions:
Stellar is a “platform that connects banks, payment systems, and people”.
The Stellar platform can be used to send money across the globe in seconds, for literally a fraction of a fraction of a cent (0.00001 XLM).
By comparison, the average Bitcoin transaction fee has recently risen to over $8. The fees are among the lowest in the world of cryptocurrency.
Other than the tiny transaction fee, there are no other fees associated with using Stellar’s network.
The fee serves the purpose of preventing malicious users from “spamming” the network with hundreds or thousands of fake transactions (this is called a “Denial of Service”, or DoS, attack).
Essentially, DoS attacks “clog up” the blockchain, preventing regular users from accessing the network and causing a host of problems, including failed transactions.
In order to be a user of the Stellar transactional network, you must hold a minimum of 20 XLM, which amounts to a little less than $0.30.
This ensures that each of the accounts on the network is authentic, which also prevents fake transactions and DoS attacks from happening.
Micropayments for Humans:
Stellar’s low fees and lightning-fast transaction times make it a good candidate for micropayments, although other coins, like IOTA-coin may be able to achieve this even more efficiently.
However, since IOTA was designed more for m2m (machine-to-machine use), Stellar Lumens may be the best “human-use” equivalent.
Stellar also seems to be committed to serving the interests of its individual users rather than larger corporate entities (banks, for example).
Interestingly, Stellar has made moves to make anchor partnerships in Nigeria.
Many in the technological world view Nigeria as the land of hackers and online scammers, but the Stellar Lumens team sees the untapped potential of the creativity that lays in the Nigerian “cypherpunk” community.
Tether is bitcoin-based cryptocurrency which allows users to send, receive and store digital tokens by mirroring the value of the actual currency. Initially, it allowed only the USD but later on added Euro and Yen in the list. The main idea behind this project was to bless the world with a stable currency.
Stable Currency:
Tether converts cash into digital currency, to anchor or tether the value to the price of national currencies like the US dollar, the Euro, and the Yen.
The digital currency/coin serves as an alternate of actual money in any supported currency. For example, if anyone can buy 1 Tether for 1USD and store it as the actual value of its amount. That is the reason why Tether token price is never assumed to be increased.
100% Backed:
Every tether is always backed 1-to-1, by traditional currency held in our reserves. So 1 USD₮ is always equivalent to 1 USD.
Transparent:
Our reserve holdings are published daily and subject to frequent professional audits. All tethers in circulation always match our reserves.
Blockchain Technology:
The Tether platform is built on top of open blockchain technologies, leveraging the security and transparency that they provide.
Widespread Integration:
Tether is the most widely integrated digital-to- fiat currency today. Buy, sell, and use tethers at Bitfinex, Shapeshift, GoCoin, and other exchanges.
Secure:
Tether’s blockchain-enabled technology delivers world-class security while meeting international compliance standards and regulations.
Money built for the internet:
Whatever you can do with digital currencies, you can now do with digital cash.
Blockchain Companies:
Offer your services in a variety of digital currencies.
Price goods and services in a currency your customers are familiar with.
Reduce operating costs and times by bypassing financial institutions.
Exchanges:
Use tether as an alternative to traditional currency deposit and withdrawal methods.
Secure and manage customer assets purely through crypto-processes, including multi-sig.
Settle fiat balances between exchanges much easier and in real-time.
Individuals/Traders:
Seamlessly move currency between exchanges and wallets.
Enhance your cross-exchange and currency arbitrage strategy.
Be the custodian of your own funds and eliminate exchange custodial risk .
Influencers:
A list of high profile technical people is influencing Tether’s growth.
JL VAN DER VELDE: - Chief Executive Officer. GIANCARLO DEVASINI: - Chief Financial Officer. PHILIP G. POTTER: - Strategy Officer. MATTHEW TREMBLAY: - Chief Compliance Officer. STUART HOEGNER: - General Counsel.
In Depth Research:
Tether (USDT) that 10 largest “coin” according to Market Capitalization, has excess dollars in its bank accounts that the USDT in the circulation as on June 1, 2018, concluding USDT is completely backed. Tether which is considered a stable coin claims that its 1 USDT = 1 USD.
The coin has been in controversy as its name surfaced, along with BitFinex, in a report which claimed that the USDT was used to manipulate the Bitcoin prices in December 2017, which lead to the rise in bitcoin hovering over USD 20000:
BANK 1: $1,968,538,584.82 USD (unencumbered)
BANK 2: $576,528,652.00 USD (unencumbered)
TOTAL: $2,545,067,236.82 USD"
The report also noted that, According to Tether’s transparency page (https://wallet.tether.to/transparency), the amount of fully-backed USD Tethers in circulation as of June 1st, 2018 was equal to $2,538,090,823.52 USD Tethers This meant that the company had a cushion of around USD 7 million in excess.
Although the report was in favour of Tether, it was taken up controversially by the community as skeptics stated that since tether had hired Freeh Sporkin & Sullivan LLP(FSS) to conduct this investigation, the complete legitimacy and transparency of the report was questioned, even though FSS stated had they had not given any advance notice to the company regarding their investigation date.
Founded in early 2015, Tether is objectively a far less volatile
“investment” relative to other cryptocurrencies.
The Purpose of Tether
is to:“[convert] cash into digital currency”.
Tether is a “pegged”
token, which means that each Tether token is equivalent to the unit of
currency that it is tied to on a 1-to-1 ratio–for example, 1 USD₮ is
always equal to US$1.
Tether was built on the Bitcoin blockchainthrough the Omni Layer Protocol. Essentially, Tether acts as a means of payment and wallet safe storage with the security and versatility of blockchain technology.
Tristan D’Agosta, CEO and Founder of the Poloniex Exchange, said that
““Tether’s growing adoption and careful attention to legal compliance
have made it the leader in solutions for fiat on the blockchain.”
Tether
can be used as a means-of-payment in online businesses in applications,
as an easy way to invest in other cryptocurrencies, and as a secure way for crypto traders to store their money in crypto format without losing its value.
Because of the nature of its value, Tether is, in many ways, better
suited to a variety of uses than other coins with more volatile token
values.
Tether can act as a user-friendly bridge between the world of
cryptocurrency and other financial services, including payment
processors, ATMs, and even banks.
Tether’s conversion fees are extremely low, and the Tether network charges no commissions for sending or receiving transactions.
Tether Value, Market Cap and Volume:
Tether is not a cryptocurrency that should be thought of as an investment in the same way that other cryptocurrencies, like Bitcoin.
The dollar-value of coins like Bitcoin is highly volatile, and changes
over time. Bitcoins that cost US$0.01 at the very beginning of their
lives now cost over US$10,000. Tether is always 1-to-1, which makes it
suited to a variety of practical purposes, but it shouldn’t be viewed as
an investment that anyone expects to get a return from.
Even though Tether is less volatile than other cryptocurrencies, it
shouldn’t necessarily be thought of a “safer” way to invest or store
money. Tether’s legal policy essentially says that Tether has no legal
responsibility to guarantee that users will have access to their funds,
and Tether has no liability if anything happens to the funds (even if
it’s Tether’s fault).
However, Tether is a reputable entity that has been deemed
trustworthy by a number of leaders in the cryptocurrency industry.
Tether currently offers tokens “pegged” to three currencies: the USD,
the Euro, and the Yen. It plans to expand its range in the future.
How Does Tether Work?
Each “Tether Dollar” is backed up by an actual dollar in a “real
world” bank. The Tether Proof of Reserves system allows users to check
the amount of USDT in circulation (omnichest.info).
The amount of physical USDs held in reserves is proved by regular
audits and public publishing of information regarding the Tether bank
account. To view the bank balance, visit the Tether website’s
“Transparency” page.
Buying and Storing Tether:
The easiest way to buy and store is through Tether’s website,
Tether.to. On the website, you can create an account. There are two
kinds of accounts–one for individuals and one for corporations. Using
your account to deposit and withdraw cash, however, does require that
you verify your identity–a deterrent for users who wish to remain
anonymous.
Tether is widely used, and is therefore available for purchase on all of the world’s major exchanges (and many of its minor ones, too). You can purchase USDT at Omni, Bitfinex, Poloniex, ShapeShift, Ambisafe, GOCoin, HolyTransaction, expresscoin, RChange, CCEx, Kraken, Bittrex, Liqui, Cryptopia, MegaChange, and HitBTC.
Tether can be stored on the Tether online platform or in any Omni
Layer-enabled wallet, one example of which can be found at
omnilayer.org.
Tether for Businesses and Developers:
Tether has been designed to be easily integrated into pre-existing
online business and applications as a means-of-payment. Tether allows
the businesses and applications to easily change their conventional
transactional systems to blockchain-based networks. Tether can be
integrated using an API interface, and the Tether team offers “full
infrastructure support” to its adoptees.
History of Tether:
Due to some technical issues on the part of the Taiwanese bank that
Tether uses to store its “real world” backing, there was a point in its
history when a single USDT was actually worth US$0.93. Currently, a
single USDT is trading at $1.01. Users who bought up the cheaper Tether
dollars were able to sell them for a decent profit.
Tether Controversies:
On Tether’s “Legal” page, the following is published:
“There is no contractual right or other right or legal claim against
us to redeem or exchange your Tethers for money.
We do not guarantee any
right of redemption or exchange of Tethers by us for money.
There is no
guarantee against losses when you buy, trade, sell, or redeem Tethers.”
~ tether.to/legal
What this means is that Tether is not legally obligated to allow you
to redeem USDT for USD once you convert USD to USDT. This raises a
serious red flag for many members of the cryptocurrency community, as it
should. The legal page also includes an extensive Limitation of
Liability and Release clause that essentially says that the Tether
company is never responsible for what happens to your USDT, even if it
is technically their fault.
By nature, Tether is a very centralized platform. Unlike Bitcoin,
Ethereum, or most other cryptocurrencies, which are “trustless”, Tether
requires its users to put their faith in the company to be good stewards
of their money. While Tether has proved itself to be reliable, the
level to which Tether is centralized may be enough to send some
potential users running.
That being said, Tether is a network and company with a reputation to
uphold. Additionally, many other cryptocurrency “all-stars” have
publicly supported its use. Essentially, it has been adopted for
widespread use for a reason. Tether has proven itself to be trustworthy,
at least up until this point. Tether also takes a number of steps to be
as transparent as it possibly can.
