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Binance Locks Down Users Wallet Holding 1200 BTC /r/Bitcoin

Binance Locks Down Users Wallet Holding 1200 BTC /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Edward lost 1200 bitcoins on xapo wallet due to hackers! He needs help showing the company they are his coins and not the hackers! /r/Bitcoin

Edward lost 1200 bitcoins on xapo wallet due to hackers! He needs help showing the company they are his coins and not the hackers! /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

BitcoinAll comment: When bitcoins hit 1200 I told a friend and he had a mini heart attack. He played with bitcoin when it was first out and had 50 but deleted his wallet when he thought it was g. Join the conversation!

BitcoinAll comment: When bitcoins hit 1200 I told a friend and he had a mini heart attack. He played with bitcoin when it was first out and had 50 but deleted his wallet when he thought it was g. Join the conversation! submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Here is how to play the altcoin game - for newbies & champs

I have been here for many previous altcoin seasons (2013,2017 etc) and wanted to share knowedle. It's a LOOONG article.
The evaluation of altcoins (i.e not Bitcoin) is one of the most difficult and profitable exercises. Here I will outline my methodology and thinking but we have to take some things as a given. The first is that the whole market is going up or down with forces that we can't predict or control. Bitcoin is correlated with economic environments, money supply increases, safe havens such as Gold, hype and country regulations. This is an impossible mix to analyze and almost everyone fails at it. That's why you see people valuing Bitcoin from $100 to $500k frequently. Although I am bullish on the prospects of Bitcoin and decentralization and smart contract platforms, this is not the game I will be describing. I am talking about a game where you try to maximize your BTC holdings by investing in altcoins. We win this game even if we are at a loss in fiat currency value. To put it another way:
If you are not bullish in general on cryptocurrencies you have no place in investing or trading cryptocurrencies since it's always a losing proposition to trade in bubbles, a scientifically proven fact. If on the other hand you are then your goal is to grow your portfolio more than you would if holding BTC/ETH for example.

Bitcoin is the big boy

How the market works is not easily identifiable if you haven't graduated from the 2017 crypto university. When there is a bull market everything seems amazingly profitable and things keep going up outgrowing Bitcoin by orders of magnitude and you are a genius. The problem with this is that it only works while Bitcoin is going up a little bit or trades sideways. When it decides to move big then altcoins lose value both on the way up and on the way down. The second part is obvious and proven since all altcoins from 2017 are at a fraction of their BTC value (usually in the range of 80% or more down). Also, when BTC is making a big move upwards everyone exits altcoins to ride the wave. It is possible that the altcoin market behaves as an inversed leveraged ETF with leakage where in a certain period while Bitcoin starts at 10k and ends at 10k for example, altcoins have lost a lot of value because of the above things happening.

We are doing it anyway champ!

OK so we understand the risks and just wanna gambol with our money right? I get it. Why do that? Because finding the ideal scenario and period can be extremely profitable. In 2017 several altcoins went up 40x more than BTC. But again, if you don't chose wisely many of them have gone back to zero (the author has first hand experience in this!), they have been delisted and nobody remembers them. The actual mentality to have is very important and resembles poker and other speculative games:
A certain altcoin can go up in value indefinitely but can only lose it's starting investment. Think about it. You either lose 1 metric or gain many many more. Now that sounds amazing but firstly as we said we have the goal to outperform our benchmark (BTC) and secondly that going up in value a lot means that the probability is quite low. There is this notion of Expected Value (EV) that poker players apply in these kind of situations and it goes like that. If you think that a certain coin has a probability let's say 10% to go up 10X and 90% probability it goes to zero it's an even bet. If you think that probability is 11% then it's a good bet, a profitable bet and you should take it. You get the point right? It's not that it can only go 10X or 0X, there is a whole range of probability outcomes that are too mathematical to explain here and it doesn't help so much because nobody can do such analysis with altcoins. See below on how we can approximate it.

How to evaluate altcoins

A range of different things to take into account outlined below will form our decision making. Not a single one of them should dictate 100% of our strategy.

Basics

It's all about market cap. Repeat after me. The price of a coin doesn't mean anything. Say it 10 times until you believe it. I can't remember how many times I had conversations with people that were comparing coins using their coin price instead of their market cap. To make this easy to get.
If I decide because the sky is blue to make my coin supply 100 Trillion FoolCoins with a price of $0.001 and there is another WiseCoin with a supply of 100 Million and price of $1 then FoolCoins are more expensive. - Alex Fin's Cap Law

Fundamental analysis

This is done usually in the stock world and it means that each company has some fundamental value that includes it's assets, customers, growth prospects, sector prospects and leadership competence but mostly centered in financial measures such as P/E ratios etc. Valuation is a proper economic discipline by itself taught in universities. OK, now throw everything out of the window!.
This kind of analysis is impossible in vague concepts and innovations that are currently cryptocurrencies. Ethereum was frequently priced at the fictional price of gas when all financial systems on earth run on the platform after decades (a bit of exaggeration here). No project is currently profitable enough to justify a valuation multiple that is usually equal to P/E in the thousands or more. As such we need to take other things into account. What I do is included in the list below:

Relative valuation

One of my favorite ways to value altcoins that is based on the same principle in the stock market is to look at peers and decide what is the maximum cap it can grow to. As an example you take a second layer Ethereum solution that has an ICO and you want to decide if you will enter or not. You can take a look at other coins that are in the same business and compare their market caps. Thinking that your coin will outperform by a lot the top coins currently is overly optimistic so I usually take a lower valuation as a target price. If the initial offering is directly implying a valuation that is more than that then there is no room to grow according to my analysis and I skip it. Many times this has proven me wrong because it's a game theory problem where if many people think irrationally in a market it becomes a self-fulfilling prophecy. But since there is opportunity cost involved, in the long run, getting in initial offerings that have a lot of room to grow will pay off as a strategy.

Sector prospects

In 2017 the sexiest sector was platforms and then coins including privacy ones. Platforms are obviously still a highly rated sector because everything is being built on them, but privacy is not as hot as it used to be. In 2018 DEXes were all they hype but still people are massively using centralized exchanges. In 2020 Defi is the hottest sector and it includes platforms, oracles and Defi projects. What I am saying is that a project gets extra points if it's a Defi one in 2020 and minus points if it's a payment system that will conquer the world as it was in 2017 because that's old news. This is closely related to the next section.

Hype

Needless to say that the crypto market is a worse FOMO type of inexperienced trigger happy yolo investors , much worse than the Robinhood crowd that drove a bankrupt company's stock 1200% after they declared bankruptcy. The result is that there are numerous projects that are basically either vaporware or just so overhyped that their valuation has no connection to reality. Should we avoid those kind of projects? No and I will explain why. There are many very good technically projects that had zero hype potential due to incompetent marketing departments that made them tank. An example (without shilling because I sold out a while back) is Quantum Resistant Ledger. This project has amazing quantum resistant blockchain, the only one running now, has a platform that people can build tokens and messaging systems and other magnificent stuff. Just check how they fared up to now and you will get the point. A project *needs* to have a hype factor because you cannot judge it as normal stocks that you can do value investing like Warren Buffet does where a company will inevitable post sales and profitability numbers and investors will get dividends. Actually the last sentence is the most important: No dividends. Even projects that give you tokens or coins as dividends are not real dividends because if the coin tanks the value of the dividend tanks. This is NOT the case with company stocks where you get dollars even if the company stock tanks. All that being said, I would advice against betting on projects that have a lot of hype but little substance (but that should be obvious!).

How to construct your portfolio

My strategy and philosophy in investing is that risk should be proportional to investment capital. That means that if you are investing 100K in the crypto market your portfolio should be very different than someone investing 1K because 10% annual gains are nothing in the latter while they are very significant in the former. Starting from this principle each individual needs to construct a portfolio according to how much risk he wants to take. I will emphasize two important concepts that play well with what I said. In the first instance of a big portfolio you should concentrate on this mantra: "Diversification is the only free meal in finance". In the case of a small portfolio then this mantra is more important: "Concentrate to create wealth, diversify to maintain wealth". Usually in a big portfolio you would want to hold some big coins such as BTC and ETH to weather the ups and downs explained in previous paragraphs while generating profits and keep progressively smaller parts of your portfolio for riskier investments. Maybe 50% of this portfolio could be big caps and 10% very risky initial offerings. Adapting risk progressively to smaller portfolios makes sense but I think it would be irrational to keep more than 30% of a portfolio no matter what tied to one coin due to the very high risk of bankruptcy.

Conclusion

The altseason is supposedly coming every 3 months. Truth is that nobody can predict it but altcoins can be profitable no matter what. Forget about maximalists who are stuck in their dogmas. Altcoins deliver different value propositions and it makes sense because we are very far from a situation where some project offers everything like Amazon and we wouldn't even want that in the first place since we are talking about decentralization and not a winner takes all and becomes a monster kind of scenario! Some last minute advice:
P.S If you find value in reading this and want more weekly consider subscribing to my newsletter here
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Why i’m bullish on Zilliqa (long read)

Edit: TL;DR added in the comments
 
Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analyzed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk-reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralized and scalable in my opinion.
 
Below I post my analysis of why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise, just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction
 
The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since the end of January 2019 with daily transaction rates growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralized and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. The maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realized early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralized, secure, and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in the amount of nodes. More nodes = higher transaction throughput and increased decentralization. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue dissecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour, no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts, etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as: “A peer-to-peer, append-only datastore that uses consensus to synchronize cryptographically-secure data”.
 
Next, he states that: "blockchains are fundamentally systems for managing valid state transitions”. For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber, and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa, this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network, etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever-changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralized and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimization on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and the University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (66%) double-spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT, etc. Another thing we haven’t looked at yet is the amount of decentralization.
 
Decentralisation
 
Currently, there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so-called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralized nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics, you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching its transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end-users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public. They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public-facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers. The 5% block rewards with an annual yield of 10.03% translate to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non-custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS; shard nodes and seed nodes becoming more decentralized too, Zilliqa qualifies for the label of decentralized in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. The faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time-stamped so you’ll start right away with a platform introduction, roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalized: programming languages can be divided into being ‘object-oriented’ or ‘functional’. Here is an ELI5 given by software development academy: * “all programs have two basic components, data – what the program knows – and behavior – what the program can do with that data. So object-oriented programming states that combining data and related behaviors in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behavior are different things and should be separated to ensure their clarity.” *
 
Scilla is on the functional side and shares similarities with OCaml: OCaml is a general-purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognized by academics and won a so-called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise, it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts, it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa or Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue: In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships
 
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organizations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggests that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already take advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, Airbnb, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are built on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human-readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They don't just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data, it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community-run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non-custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiative (correct me if I’m wrong though). This suggests in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real-time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding of what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures, Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
submitted by haveyouheardaboutit to CryptoCurrency [link] [comments]

Im being black mailed

Hi first of all i am sorry for my english and this is my first post here.I hope its not against any rules here.Im almost 17 years old and for the last couple of months im trying to beat this addiction.This can be fake but my mother got an email where this person is saying that for the last couple of months he was watching my history and somehow installed trojan on my pc.My mother doesnt watch this garbage so he obviously means me.He said that the trojan allowes him access to my camera and mic.He now wants 1200 euros on his bitcoin wallet.He said that i have 3 days to give him what he demands if i dont he sends all the recordings to my family members and even friends.I dont know how trojan works but i wasnt watching it on my pc.I was watching it on my ipad (on which i have tape on my camera) and phone.I dont use IG or facebook or anything like this so he probably will send it to my mothers friends. She thinks that hes blackmailing her and not me. I dont know what to do.And if its true we cant rly afford to give someone 1200€.
submitted by AsMoD3uSs to NoFap [link] [comments]

Binance Support Number (+𝟏) 445*𝟗𝟎0*1𝟒𝟐𝟓 ♚ USA Help Phone

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submitted by johnathanmar12 to u/johnathanmar12 [link] [comments]

THE DIFFERENCE BETWEEN PALM BEACH CONFIDENTIAL and CRYPTO INCOME QUARTERLY (aka: tech royalties)

the TL;DR is that if you want to share either of these publication / services with me and a few others contact me at [[email protected]](mailto:[email protected])
REVIEW OF BOTH PALM BEACH CRYPTO PUBLICATIONS:
This will be a brief overview of the difference between the two Palm Beach Group Cryptocurrency Publications. The first publication is called the Palm Beach Confidential. This is the original crypto newsletter dating back to the beginning of 2016. During that year Teeka Tiwari made incredible calls on buying ETH at $9 and later Ant Shares (now NEO) at just 13 cents. Both went up to $1,400 and $250 respectively. Lives were changed almost overnight with these incredible gains if you just piggybacked his advice. So why another crypto publication called the Crypto Income Quarterly? Isn’t the Palm Beach Confidential enough for such a niche market as cryptocurrency investment? I don’t think it is. Let me explain the two publications in some detail so that you can decide what is best for you.
THE PALM BEACH CONFIDENTIAL:
The Confidential is more for the investor that wants to buy and hold projects with the expectation that they will increase in value over time. Think similar to buying Amazon stock many years ago. Except with crypto sometimes buying a certain threshold of tokens or coins actually give you access to services and privileges. This is how crypto investments differ greatly from traditional investments. You have some coins which are aiming to be only a better MONEY (imo probably the most important use case). Think Bitcoin BTC here or Monero. It tries to do one thing and do it well. Other tokens unlock access to investment information and signals, or access to lower rates on loans, or give you cash back for using their crypto credit card. These are only a few of the more simple examples of the capabilities of tokens/coins through something called; smart contracts. There really is no limit to what tokens/coins combined with smart contracts can do.
As you can imagine this makes investing in these projects all the more difficult to assess because of all the moving parts and various a capabilities and privileges unlocked by each coin (or aka: token). By the way; “coins” usually do one thing (again think Monero / Bitcoin as money) where as “tokens” usually sit on top a smart contract platform like Ethereum and give more leeway to get creative with - tokens are also not usually trying to emulate money, although it’s possible that these too could be seen as a type of currency. Confused yet? lol. Stay with me here!
If you were to go to coinmarketcap.com you will see a listing of currently over 2,000 coins and tokens or: projects. Now how can you possibly sift through this information alone and assess the quality of the projects or the teams involved. How much time and study and research would it take you to even have a shot at picking winners in this complex space? This is where the Palm Beach publications come in.
The Palm Beach Confidential is more hands on and a bit of hand holding - and imo better for novice crypto investors. Note I didn’t say novice investors - I said novice crypto investors. I would never say it’s a publication for crypto noobs, but it is more newbie friendly. Most of the coins are pure investments. You buy / you hold / you sell sometime in the future or you ride it to incredible gains and beyond. Each of these coins or tokens is usually trying to solve a complex problem.
The Confidential include the monthly flagship newsletter which usually has at least one new coin pick backed with incredible work and research analyzing all aspects of the project, the need and future demand for the token, the problem it solves, the team involved and the partnerships they have lined up or pending. It’s a treasure trove of fundamental information that any aspiring venture capitalist should have. They also provide buy/sell alerts on short term ideas (not too many of these unless in full bull run) and tell you when to cash out some of your profits when certain profit objectives are reached. Teeka calls this ‘skimming some cream from the top’. As a trader I use the Confidential to help me make buy and sell decisions. But I still wouldn’t label it as trading services - it’s more geared towards investors.
In 2019 and 2020 Teeka has been absolutely killing it with his picks. He came out with the first 5 coins to 5 million report and then recently the final 5 coins to 5 million and now also added; The 2020 Phenomenon playbook. The coins in these reports are crushing it with gains of 800% and 1200% - the numbers just don’t lie. Teeka gets some flack online for being an over the top salesman - and I have to agree he’s sometimes over the top. But let’s face it, so are these gains. So from a subscriber’s perspective, the only people hating on Teeka are the ones without these reports and the gains they deliver. This much I can assure you!
CRYPTO INCOME QUARTERLY: aka: TECH ROYALTIES
The Crypto Income Quarterly is the newest Palm Beach crypto publication which started in the beginning of 2019. The reason it exists is because crypto is so complex and certain tokens and coins not only grant special access to services and discounts etc, but they provide income! That’s right many coins now are paying 9% - 40% dividends (or as Teeka calls them “tech royalties”) on simply putting the coin in a wallet and holding them. This process of locking up your tokens for a certain period of time is called “staking”.
In a world of negative interest rates there is no incentive to save. But in the more honest and transparent, non inflationary world of cryptocurrency there is ample opportunity to create coins that literally enable rich income streams to flow unto the holders. As you can imagine these projects enable us as investors to achieve the holy grail of investing: passive income. But not only is it hard to find the best staking coins in a sea of cryptocurrencies it’s also hard to make sure all your ducks are in a row and that you are staking correctly in order to earn your staking rewards aka; dividends. Palm Beach lays this all out for you in easy to follow step by step instructions so that even a child could do it. You will have simple step by step guides to walk you quickly through the process so that you can start earning immediately.
Furthermore it’s been said that staking is really the future as it does not require even a fraction of the electricity to mine and secure like POW (proof of work) coins like Bitcoin does. So staking coins are likely to become more and more popular over time. The Crypto Income Quarterly will make sure that you don’t miss a beat in this rapidly expanding niche of crypto investing. Soon it will not be a niche at all but quite possibly the dominant protocol for all of crypto. ETH for example is even moving from POW to POS (proof of stake). So this should tell you something.
WRAPPING UP
The combination of both these crypto reports ensure that you will not miss the “Amazon” or “Netflix” of crypto whether they be the latest POS dividend coin - or whether is be a new coin running on a new and revolutionary protocol. As great as the FANG companies are - they are absolutely boring in comparison to what some crypto projects are striving to achieve. Crypto is a lot more than just about magic internet money - it’s about new solutions in a new world powered by blockchain and enabled by something that never existed prior to this era: smart contracts.
Investing in crypto can be extremely overwhelming, but Palm Beach Group really breaks down crypto into easy to understand and digest ways while giving you the exact step by step directions you will need to not screw things up and lose your money. I suggest unless you have many years in crypto, that you not try to go this alone. You will likely be parted with your money or make a fatal mistake. There are countless stories out there! Don’t be a casualty. If you have some experience in crypto but have made a lot of bad calls trying to follow the latest trends on twitter or reddit, well then you are probably getting what you paid for and buying someone else’s bags. Everyone pumping coins online has an agenda - remember that, so be careful!
If you have the money to purchase the Palm Beach Confidential and/or Crypto income quarterly I think it’s money well spent. But the publications are priced at out of reach prices. Which is why I’m offering to share my lifetime subscription along with my personal friendship and expertise in the space should you need it. As a successful crypto investor even before palm beach I can provide you with yet another perspective on a complex market. Because while Teeka is a good guy I can assure you he won’t be there for you. He has far too many subscribers. And while Palm Beach means well- their customer service agents will NOT help you out in crypto. In fact I have personal experience that shows they are mainly about up selling subscriptions and little more. This is simply the truth. If you expect to pick up the phone and talk to a crypto expert at Palm Beach like Teeka or myself when you are in a pickle - good luck. These lower level employees don’t know anything about crypto and are simply script readers / followers and if you are in a tight spot you’re going to be on your own.
So, that’s all I have for you today. I hope I was helpful in helping you understand the difference between the two Palm Beach Group crypto publications and services. Hopefully you can use this as a guide to help you make the right decision on which publication is good for you. But be sure to hit me up if you’d like to discuss a package SHARE deal that will give you ME and both publications. After all, isn’t this “the share economy”?
If interested only DIRECT MESSAGES to me here (or at [[email protected]](mailto:mr[email protected])) will be answered. Thank you.
submitted by remotelyfun to u/remotelyfun [link] [comments]

TIFU by losing all my savings on cryptocurrency

This just happened the last week, I think I'm ready to explain it all. Memes and some time for myself helped me to not fall into a huge depression.
Here goes the story: I did some dumb investment back in 2019 when Bitcoin was at it's lowest value I've ever seen (1BTC = ~3700$) thinking I was about to become millionaire when it rose up again. I just put all my savings (close to 1200€ iirc) at the time because because why not. Then it started to rise up, 4000$, 5000$, etc. Then when it reached about 8000$ ish I thought it was time to pull out since I've already made enough money for my first car and other things I had to pay ASAP.
And to pull out I knew that at that moment Bitcoin was going up and down like crazy, so to secure my money I transferred it into an US-D wallet (I was using Blockchain) because it was more stable. It went kind of great, except for the part that in the transaction about 200$ got lost in the process. Not a big deal at all, I was already covering the cost of my future car, and the other things I had to pay. I was happy to see profit from a Bitcoin investment.
Then I remembered that in Blockchain there was a feature where I could withdraw money into my PayPal account or something like that (iirc). So I tried looking for it but didn't find it. Then, after some time I gave up and decided to find a webpage to exchange it into my PayPal account. Found one but only accepted Ethereum. So I did the logical thing I found. As I was afraid of losing more money when swapping US-D to Ethereum, I read about US-D and saw it was backed up by Ethereum, which in my mind it sounded like it was the same.
So I went ahead with my plan, and created an account at Coinbase, did the verification thing, copied my Ethereum wallet address, opened Blockchain, went to the send option, selected all of my US-D to my Coinbase Ethereum wallet, and clicked on send. Then, the wait started.
At first I thought it was normal for it to take some time, since it was a big amount of money (about 2400$ at the moment iirc), then it started to take hours, and days. After a couple of days I finally had enough, and contacted both Blockchain and Coinbase Support, told them about the situation. Blockchain didn't even respond, and Coinbase, well, basically told me to fuck off and to be more careful next time, they couldn't help me.
So there I was, sitting on my computer thinking about how much time it would take me to make money again, since I lost my job due to Covid-19, and had some payments to do, because of getting my driver's license recently, having to pick up my degree, and more stuff. It took me about 3 years to put together all that money, just for a shitty decision to see all of it being gone in less than a blink. And about my car, well, let's just say I'll have to forget about it completely for at least 5 years or more.
So, moral of the story, if you are in control of a lot of money, just think twice before doing anything, I would be rather happier with those 1200€ than with nothing that I have right now. I will even have to sell my motorbike and my computer.
TL;DR: screwed up by sending cryptocurrencies the wrong way and losing all my savings.
submitted by N1664TR0N3000 to tifu [link] [comments]

The Blackmail Email Scam (part 4)

THIS THREAD IS NOW ARCHIVED, THE LATEST THREAD CAN BE FOUND HERE: https://old.reddit.com/Scams/comments/g8jqnthe_blackmail_email_scam_part_5/

TEXT, PHONE CALL, AND PHYSICAL MAIL VARIANTS ARE COVERED IN THE LATEST THREAD.

IF YOU RECEIVE A BLACKMAIL EMAIL, PLEASE REDACT THE PERSONAL INFORMATION AND POST IT AS A COMMENT ON THIS THREAD SO THAT OTHERS WHO RECEIVE THE SAME EMAIL CAN FIND IT THROUGH GOOGLE.

FIRST THREAD: https://www.reddit.com/Scams/comments/8gsjba/the_blackmail_email_scam/

SECOND THREAD: https://www.reddit.com/Scams/comments/9srjen/the_blackmail_email_scam_part_2/###

THIRD THREAD: https://old.reddit.com/Scams/comments/biv65o/the_blackmail_email_scam_part_3/

There have been many recent posts about the blackmail email scam, so I have written this post and will keep it stickied until the posts about the scam die down. If you are reading this because you have received one of these emails and you are worried, you can stop worrying. The blackmail email scam is a spam campaign that is sent out to thousands of addresses at a time. In al cases, the threats are lies and you do not have anything to worry about. In many cases, the emails will contain information about you such as your name, part or all of your phone number, and your password. The emails may also look like they were sent from your own email address. The data is gathered from data breaches, and if the email looks like it came from your account that is due to email spoofing. You can use the service Have I Been Pwned? to see if you are in any publicly known data breaches. If you receive an email that contains a password that you currently use, you should immediately change that. Current recommended password guidelines say that you should use a different, complex password for every account. You can generate and save passwords using a password manager for convenience. You should also be using two factor authentication using an app like Google Authenticator instead of receiving codes through SMS.
Here are some news articles about this scam. Here is a story from Brian Krebs, and here is a story from the New York Times.
Below are a few examples, but if you receive an email that is similar but not the same as the examples you see, that does not matter and does not mean that the email is real. The spammers constantly switch up their templates in order to bypass spam filters, so it's normal to receive an email that hasn't yet been posted online.
Hey there
So I am the hacker who cracked your email address and device a few weeks back.
You typed in your pwd on one of the sites you visited, and I intercepted that.
Here is your password from (redacted) upon time of compromise: (redacted)
Obviously you can can change it, or even already changed it.
However it won't really matter, my malware modified it every time.
Do not really try to contact me personally or find me.
Via your email, I uploaded harmful code to your Operation System.
I saved your entire contacts together with buddies, fellow workers, loved ones along with a entire history of visits to the World wide web resources.
Also I set up a Virus on your system.
You aren't my only target, I generally lock computers and ask for a ransom.
But I was hit by the web pages of romantic material that you normally stop by.
I am in shock of your own fantasies! I have never ever noticed anything at all like this!
Consequently, when you had enjoyment on piquant web-sites (you know what I am talking about!) I made screenshot with utilizing my program from your camera of yours device.
There after, I put together them to the content of the currently viewed site.
There will certainly be giggling when I send these pics to your connections!
Nevertheless I am certain you do not need this.
Therefore, I expect to have payment from you for my silence.
I feel $859 is an satisfactory price for this!
Pay with Bitcoin.
My Bitcoin wallet is xxxxxxxxxxxxxxxxxxxxxxxxxxxxx
If you do not really understand how to do this - submit in to Google 'how to transfer money to the bitcoin wallet'. It is easy.
Immediately after getting the given amount, all your files will be right away destroyed automatically. My computer virus will also get rid of itself through your operating-system.
My Trojan viruses have auto alert, so I know when this specific e mail is read.
I give you 2 days (48 hours) to make a payment.
If this does not occur - just about all your associates will get outrageous pictures from your darkish secret life and your system will be blocked as well after two days.
Do not end up being foolish!
Police or buddies won't support you for sure ...
P.S I can provide you with recommendation for the future. Do not type in your security passwords on risky web pages.
I wish for your wisdom.
Bon voyage.
Your computer device was attacked by the malicious app . Whats the trouble? I placed my malicious agent on a erotica portal, you clicked on this data and promptly adjusted the malware to your computer . The hostile program made your selfie-camera shooting and I enjoy the videotape with you dash your doodle. In next 5 hours this hostile program copied all your contacts. Right now, I receive your all your contact information and video with you masturbating, and now if you wish me to destroy all the data affect payment 350 $USD in BTC digital currency. Other way I want forward that this record to all your contacts . I forward you my Bitcoin wallet - XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX You possess 27 hours after reading. In a case if I possess transaction I am going to undo that this record once for all. I beg pardon for my mistakes- I live in China . P.S. this postal address, I have thieved it
Good day,
If you had been more careful while caressing yourself, I wouldn't worry you. I don't think that playing with yourself is very bad, but when all your colleagues, relatives and friends get a video recording of it - it is definitely bad for you.
I placed malicious software on a website for adults (with porn) which was visited by you. When the target taps on a play button, your device starts recording the screen and all cameras on your device begin to work.
Moreover, my program allows a remote desktop connection with keylogger function from the device, so I could collect all contacts from your e-mail, messengers and other social networks. I'm writing on this e-mail cuz it's your working address, so you must check it.
I suppose that three hundred twenty usd is good enough for this little misstep. I made a split screen video (recorded from your screen (u have interesting tastes ) and camera ooooooh... its awful AF)
So it's your choice. If you want me to erase this compromising evidence, use my Bitcoin wallet address: XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX You have one day after opening my message; I put a special tracking pixel in it, so when you will open it I will see. If you want me to show you the proofs, reply to this message and I will send my creation to five contacts that I got from your contacts.
P.S. You can try to complain to the police, but I don't think that they can help, the investigation will last for 5 month- I'm from Ukraine - so I dgf lmao
Hey there
So I am the hacker who cracked your email address and device a few weeks back.
You typed in your pwd on one of the sites you visited, and I intercepted that.
Here is your password from (redacted) upon time of compromise: (redacted)
Obviously you can can change it, or even already changed it.
However it won't really matter, my malware modified it every time.
Do not really try to contact me personally or find me.
Via your email, I uploaded harmful code to your Operation System.
I saved your entire contacts together with buddies, fellow workers, loved ones along with a entire history of visits to the World wide web resources.
Also I set up a Virus on your system.
You aren't my only target, I generally lock computers and ask for a ransom.
But I was hit by the web pages of romantic material that you normally stop by.
I am in shock of your own fantasies! I have never ever noticed anything at all like this!
Consequently, when you had enjoyment on piquant web-sites (you know what I am talking about!) I made screenshot with utilizing my program from your camera of yours device.
There after, I put together them to the content of the currently viewed site.
There will certainly be giggling when I send these pics to your connections!
Nevertheless I am certain you do not need this.
Therefore, I expect to have payment from you for my silence.
I feel $859 is an satisfactory price for this!
Pay with Bitcoin.
My Bitcoin wallet is xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
If you do not really understand how to do this - submit in to Google 'how to transfer money to the bitcoin wallet'. It is easy.
Immediately after getting the given amount, all your files will be right away destroyed automatically. My computer virus will also get rid of itself through your operating-system.
My Trojan viruses have auto alert, so I know when this specific e mail is read.
I give you 2 days (48 hours) to make a payment.
If this does not occur - just about all your associates will get outrageous pictures from your darkish secret life and your system will be blocked as well after two days.
Do not end up being foolish!
Police or buddies won't support you for sure ...
P.S I can provide you with recommendation for the future. Do not type in your security passwords on risky web pages.
I wish for your wisdom.
Bon voyage.
I Have YOUR code. I rule phone xxxx
I SENT this newsletter from YOUR ACCOUNT.
I look your device.
I am in daze of your sex act fantasies!
I made backup your contacts and files. I made screenshots from your digital camera of yours device.
I want 888 $ to my (Bitcoin
My )Bitcoin currency
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
If YOU don't transaction )Bitcoin. I share my quake of your golden age of porn fantasies with your contacts!
If you do not know how to do this - enter into Google/
=how to transfer money to a Bitcoin& wallet-
Time 30 hours.
This excellent post as Subway & Dairy Queen.
Hello!
I'm a programmer who cracked your email account and device about half year ago. You entered a password on one of the insecure site you visited, and I catched it.
Of course you can will change your password, or already made it. But it doesn't matter, my rat software update it every time.
Please don't try to contact me or find me, it is impossible, since I sent you an email from your email account.
Through your e-mail, I uploaded malicious code to your Operation System. I saved all of your contacts with friends, colleagues, relatives and a complete history of visits to the Internet resources. Also I installed a rat software on your device and long tome spying for you.
You are not my only victim, I usually lock devices and ask for a ransom. But I was struck by the sites of intimate content that you very often visit.
I am in shock of your reach fantasies! Wow! I've never seen anything like this! I did not even know that SUCH content could be so exciting!
So, when you had fun on intime sites (you know what I mean!) I made screenshot with using my program from your camera of yours device. After that, I jointed them to the content of the currently viewed site.
Will be funny when I send these photos to your contacts! And if your relatives see it? BUT I'm sure you don't want it. I definitely would not want to ...
I will not do this if you pay me a little amount. I think $877 is a nice price for it!
I accept only Bitcoins. My BTC wallet: xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
If you have difficulty with this - Ask Google "how to make a payment on a bitcoin wallet". It's easy. After receiving the above amount, all your data will be immediately removed automatically. My virus will also will be destroy itself from your operating system.
My Trojan have auto alert, after this email is looked, I will be know it!
You have 2 days (48 hours) for make a payment. If this does not happen - all your contacts will get crazy shots with your dirty life! And so that you do not obstruct me, your device will be locked (also after 48 hours)
Do not take this frivolously! This is the last warning! Various security services or antiviruses won't help you for sure (I have already collected all your data).
Here are the recommendations of a professional: Antiviruses do not help against modern malicious code. Just do not enter your passwords on unsafe sites!
I hope you will be prudent. Bye.
Same as before but they increased the amount
I got an order from someone to kill you and your family
but I am far from your house
if you still love your family, I ask you to transfer 0.1 BTC to me.
If you report this email, I will immediately kill your family.
FORWARD THIS MAIL TO WHOEVER IS IMPORTANT IN YOUR COMPANY AND CAN MAKE DECISION!
We Hacked network. We Caught Communications. We Backuped DATA And DOCUMENTS. We send this mail to you in YOUR account.
After analyzing documents. We found Illegal activity - HIDING TAXES.
That we want?
I want two (2) Bitcoin To wallet Bitcoin. 1Dz7DbQmE7SNm3C5mb9syPcctgZECcCEbL
That we do if you don't pay bitcoin?
We send these Documents and Proofs to your Tax Department.
And in this time Your network will be DDoS. Read that in this link https://en.wikipedia.org/wiki/Denial-of-service\_attack
We are locking your operation system. Our friends, WannaCry, ready start and waiting command. Read that in this link https://en.wikipedia.org/wiki/WannaCry\_ransomware\_attack
This is our guarantee, that you don't clean evidence and building a protection policy.
If you don't pay by in 7 days, attack will start.
Attack including.
1.DDOS 2.Locking operation system 3.Sending all documents in Tax Departament
Yours service going down permanently and price to stop will increase to Four (4) BTC, Price will go up one (1) BTC for every day of the attack.
This is not a joke.
Our attacks are extremely powerful - sometimes over 1 Tbps per second. And we pass CloudFlare and others remote protections! So, no cheap protection will help.
Prevent this problem all with just Two (2) BTC Pay to our wallet Bitcoin. 1Dz7DbQmE7SNm3C5mb9syPcctgZECcCEbL
AND YOU WILL NEVER AGAIN HEAR FROM US!
If you read, hear fake-experts and assure yourself that this is not true. Remember that they are not responsible and your life don't important him. Their business is to speak and make money. Your business to do and make money and stay freedom.
All mistakes in text we do specily.
Bitcoin is anonymous, nobody will ever know you cooperated.
Time started after open this mail. To track the reading of a message and the actions in it, I use the facebook pixel. Read that in this link
Hello!
I am a hacker who has access to your operating system.
I also have full access to your account.
I've been watching you for a few months now.
The fact is that you were infected with malware through an adult site that you visited.
If you are not familiar with this, I will explain.
Trojan Virus gives me full access and control over a computer or other device.
This means that I can see everything on your screen, turn on the camera and microphone, but you do not know about it.
I also have access to all your contacts and all your correspondence.
Why your antivirus did not detect malware?
Answer: My malware uses the driver, I update its signatures every 4 hours so that your antivirus is silent.
I made a video showing how you satisfy yourself in the left half of the screen, and in the right half you see the video that you watched.
With one click of the mouse, I can send this video to all your emails and contacts on social networks.
I can also post access to all your e-mail correspondence and messengers that you use.
If you want to prevent this,
transfer the amount of $500 to my bitcoin address (if you do not know how to do this, write to Google: "Buy Bitcoin").
My bitcoin address (BTC Wallet) is: x
After receiving the payment, I will delete the video and you will never hear me again.
I give you 50 hours (more than 2 days) to pay.
I have a notice reading this letter, and the timer will work when you see this letter.
Filing a complaint somewhere does not make sense because this email cannot be tracked like my bitcoin address.
I do not make any mistakes.
If I find that you have shared this message with someone else, the video will be immediately distributed.
Best regards.
Hey, I know your password is:
Your computer was infected with my malware, RAT (Remote Administration Tool), your browser wasn't updated / patched, in such case it's enough to just visit some website where my iframe is placed to get automatically infected, if you want to find out more - Google: "Drive-by exploit".
My malware gave me full access and control over your computer, meaning, I got access to all your accounts (see password above) and I can see everything on your screen, turn on your camera or microphone and you won't even notice about it.
I collected all your private data and I was spying on you, I RECORDED (through your webcam) embarrassing moments of you, you know what I mean!
After that I removed my malware to not leave any traces.
I can publish all your private data everywhere and I can send the videos to all your contacts, post it on social network, publish it on the whole web, including the darknet, where the sick people are!
Only you can prevent me from doing this and only I can help you out in this situation.
Transfer exactly 1200$ with the current bitcoin (BTC) price to my bitcoin address.
It's a very good offer, compared to all that horrible shit that will happen if I publish everything!
You can easily buy bitcoin here: www.paxful.com , www.coingate.com , www.coinbase.com , or check for bitcoin ATM near you, or Google for other exchanger. You can send the bitcoin directly to my address, or create your own wallet first here: www.login.blockchain.com/en/#/signup/ , then receive and send to mine.
My bitcoin address is:
Copy and paste my address, it's (cAsE-sEnSEtiVE)
I give you 3 days time to transfer the bitcoin!
As I got access to this email account, I will know if this email has already been read. If you get this email multiple times, it's to make sure you read it and after payment you can ignore it. After receiving the payment, I will remove everything and you can life your live in peace like before.
Next time update your browser before browsing the web!
НЕLLО!
I’m going to cut to thе chӓsе.I know ӓbout thе sеcrеt you ӓrе kееping from your wifе.Morе importӓntly,I hӓvе еvidеncе of whӓt you hӓvе bееn hiding.I won’t go into thе spеcifics hеrе in cӓsе your wifе intеrcеpts this,but you know whӓt I ӓm tӓlking ӓbout.
You don’t know mе pеrsonӓlly ӓnd nobody hirеd mе to look into you.Nor did I go out looking to burn you.It’s just your bӓd luck thӓt I stumblеd ӓcross your misӓdvеnturеs whilе.I thеn put in morе timе thӓn I probӓbly should hӓvе looking into your lifе.Frӓnkly,I ӓm rеӓdy to forgеt ӓll ӓbout you ӓnd lеt you gеt on with your lifе.And I ӓm going to givе you two options thӓt will ӓccomplish thӓt vеry thing.Thosе two options ӓrе to еithеr ignorе this lеttеr,or simply pӓy mе $822.Lеt’s еxӓminе thosе two options in morе dеtӓil.
Option 1 is to ignorе this lеttеr.Lеt mе tеll you whӓt will hӓppеn if you chosе this pӓth.I will tӓkе this еvidеncе ӓnd sеnd it to your wifе. And ӓs insurӓncе ӓgӓinst you intеrcеpting it bеforе your wifе gеts it,I will ӓlso sеnd copiеs to hеr friеnds ӓnd fӓmily.So,Evеn if you dеcidе to comе clеӓn with your wifе,it won’t protеct hеr from thе humiliӓtion shе will fееl whеn hеr friеnds ӓnd fӓmily find out your sordid dеtӓils from mе.
Option 2 is to pӓy mе $822.Wе’ll cӓll this my ‘confidеntiӓlity fее.’Now lеt mе tеll you whӓt hӓppеns if you choosе this pӓth.Your sеcrеt rеmӓins your sеcrеt.You go on with your lifе ӓs though nonе of this еvеr hӓppеnеd.Though you mӓy wӓnt to do ӓ bеttеr job ӓt kееping your misdееds sеcrеt in thе futurе.
At this point you mӓy bе thinking,‘I’ll just go to thе cops.’Which is why I hӓvе tӓkеn stеps to еnsurе this lеttеr cӓnnot bе trӓcеd bӓck to mе.So thӓt won’t hеlp,ӓnd it won’t stop thе еvidеncе from dеstroying your lifе.I’m not looking to brеӓk your bӓnk.I just wӓnt to bе compеnsӓtеd for thе timе I put into invеstigӓting you. $822 will closе thе books on thӓt.
Lеt’s ӓssumе you hӓvе dеcidеd to mӓkе ӓll this go ӓwӓy ӓnd pӓy mе thе confidеntiӓlity fее.In kееping with my strӓtеgy to not go to jӓil,wе will not mееt in pеrson ӓnd thеrе will bе no physicӓl еxchӓngе of cӓsh.You will pӓy mе ӓnonymously using bitcoin.If you wӓnt to kееp your sеcrеt thеn sеnd $822 in bitcoin to thе Rеcеiving Bitcoin Addrеss listеd bеlow.Pӓymеnt must bе rеcеivеd within 1 dӓys of thе post.
You should mӓkе ӓ trӓnsӓction of using bitcoins (cryptocurrеnsy): x
[Bitcoin dеtӓils]
Tеll no onе whӓt you will bе using thе bitcoin for or thеy mӓy not givе it to you.Thе procеdurе to obtӓin bitcoin cӓn tӓkе ӓ dӓy or two so do not put it off.Agӓin pӓymеnt must bе rеcеivеd within 1 dӓys of this lеttеr’s post mӓrkеd dӓtе.If I don’t rеcеivе thе bitcoin by thе dеӓdlinе,I will go ӓhеӓd ӓnd rеlеӓsе thе еvidеncе to еvеryonе.If you go thӓt routе,thеn thе lеӓst you could do is tеll your wifе so shе cӓn comе up with ӓn еxcusе to prеpӓrе hеr friеnds ӓnd fӓmily bеforе thеy find out.Thе clock is ticking.
And here are some common keywords used in the email so that this thread can be found by people Googling the email:
"Marlware, international hacker group, No‌ p‌erso‌n has co‌mp‌ensat‌ed, very o‌wn vid‌eo‌ cli‌p, software on the adult, porno sitio, one of your pass word, .br, specific pixel, sexual content web portal, a malware on the adult, a malware on the, double-screen, is a reasonable price tag for our little secret, you have a good taste lmao, I placed a malware on the adult vids, your browser began operating as a RDP, had been abusing yourself in front of computer display, you are one of those people that downloaded the malicious, I made a split-screen video, While you were watching the video, your web browser acted as, malware on the porn website and guess what, an unique pixel, you jerked off while watching an online video, When you pressed the play button the virus begins saving all the things thru, ja.scr, My malicious soft started your front cam, and also send the video link to all of yourfriends, I infected your gadget with a malware and now, AnywaysI downloaded all contacts, my program quickly got into your system, To a time where you jerk off watching","For the present moment I have at my disposal all, When you arouse sexually watching porno, In such a way all needed compromising material and contact, All information to yours SNSs user accounts, You watched sexual content portal and toss","Hello! WannaCry is back! All your, in front of the screen browsing adult stuff, As you flog the dummy watching, U are going to be offered 5 days after checking this notice, RAT 68006, the damnific malware, pastime and entertainment there, not my single victim, beat the dummy, buff the muffin, choke a chicken, front camera capturing video, with you frigging, with you chaturbating, with you masturbating, web digicam, U are going to have 5 dayss, i utilize just hacked wi, pressured this trojan to, glue a pair of videos, glue two videos, the RAT, if you want me to destroy this whole video, downloaded all contacts from your computer, your list of contacts or relatives will, I made a video that shows how you masturbate, hacked you through a virus in an ad on a porn website, my illiteracy, nоt mind on my illiterаcy, I рilfered all рrivy bаckground, videоtaре with yоur masturbаtion, my delеtеrious soft, cаmеra shооt the videоtaрe, you sеlf-аbusing, Differently I will send the video to all your colleagues and friends, your front-camera made the videotape with you self-abusing, RAT 98390 malware, the minute you went to one adult page, information to contact info I discovered on your devices and remember there is a lot of these, not including Double VPN As a result, I forced my malware to hook up to a mic, web camera and catch the video from it, poisoned a number of adult sites, video clip to fit on a single tv screen, This letter has invisible monitoring program inside and i will be aware of when you are going to check, doing ur stuff and a clip u jerked to, the investigation will last, I uploaded our malicious program on your device, furthermore malware saved exactly the video you chose, its a record with your wanking, friends will see u taking proper care of yourself, Your system is controlled by the malicious program, If you were more careful while playing with yourself, that whacking off to adult web-sites is, adult website which was poisoned with my malware, nor i think that jerking off to porn sites is really a gross thing, so I dgf lmao, proof just reply to this email with, if you want me to destroy all this compromising evidence, will send your video to 5 contacts, amount in Usd that can cope with this scenario, You are welcome to contact your local authorities, If you want proof, reply with, i pride myself in being apart of an internet group, so i dgf, I take good care of my being anonymous, information related to the RAT virus, been able get in to all ur units, to all of your contacts including, search engines like goo, case sensitive, so copy,, and at this moment I, It is a non-nego, don't waste my perso, thi s mes, back while visiting, showe ring, what should you do ?, porno webpage, this embarrassing situation, navigated to the page, bare-assed, on well-known websites and publications, I got an order from someone to kill you and your family, immediately kill your family, is an explosive device, My mercenary is, explosive device detonates, triggered your webcam, piquant websites, my exploit downloaded, replenish btc wallet, i‌nstanta‌neo‌usly ‌erase, actua‌l r‌eco‌rded ma‌t‌eri‌al, n‌egl‌ect this ‌ema‌i‌l, my RAT trojan, video you jerked, I used keylogger, your disk dump, malware intercepts, installed a malware, remo‌v‌e yo‌ur vi‌deo‌ fo‌o‌ta‌ge, RAT onto your computer, greasy stimulating actions, excentric preferrables, porn web-page, to your Tax Department, network will be DDoS, friends, WannaCry, building a protection policy, in Tax Departament, Yours service going, we pass CloudFlare, hear fake-experts, backuped phone, -1663, of your joys, digits your phone, (porno), BIG pervert, both files and scale, naughty video clips, Soy un hacker, I installed spyware, n website with teen, malware on the porn website, very own recorded material""Marlware, international hacker group, No‌ p‌erso‌n has co‌mp‌ensat‌ed, very o‌wn vid‌eo‌ cli‌p, software on the adult, porno sitio, one of your pass word, specific pixel, sexual content web portal, a malware on the adult, a malware on the, double-screen, is a reasonable price tag for our little secret, you have a good taste lmao, I placed a malware on the adult vids, your browser began operating as a RDP, had been abusing yourself in front of computer display, you are one of those people that downloaded the malicious, I made a split-screen video, While you were watching the video, your web browser acted as, malware on the porn website and guess what, an unique pixel, you jerked off while watching an online video, When you pressed the play button the virus begins saving all the things thru, ja.scr, My malicious soft started your front cam, and also send the video link to all of yourfriends, I infected your gadget with a malware and now, AnywaysI downloaded all contacts, my program quickly got into your system, To a time where you jerk off watching","For the present moment I have at my disposal all, When you arouse sexually watching porno, In such a way all needed compromising material and contact, All information to yours SNSs user accounts, You watched sexual content portal and toss","Hello! WannaCry is back! All your, in front of the screen browsing adult stuff, As you flog the dummy watching, U are going to be offered 5 days after checking this notice, RAT 68006, the damnific malware, pastime and entertainment there, not my single victim, beat the dummy, buff the muffin, choke a chicken, front camera capturing video, with you frigging, with you chaturbating, with you masturbating, web digicam, U are going to have 5 dayss, i utilize just hacked wi, pressured this trojan to, glue a pair of videos, glue two videos, the RAT, if you want me to destroy this whole video, downloaded all contacts from your computer, your list of contacts or relatives will, I made a video that shows how you masturbate, hacked you through a virus in an ad on a porn website, my illiteracy, nоt mind on my illiterаcy, I рilfered all рrivy bаckground, videоtaре with yоur masturbаtion, my delеtеrious soft, cаmеra shооt the videоtaрe, you sеlf-аbusing, Differently I will send the video to all your colleagues and friends, your front-camera made the videotape with you self-abusing, RAT 98390 malware, the minute you went to one adult page, information to contact info I discovered on your devices and remember there is a lot of these, not including Double VPN As a result, I forced my malware to hook up to a mic, web camera and catch the video from it, poisoned a number of adult sites, video clip to fit on a single tv screen, This letter has invisible monitoring program inside and i will be aware of when you are going to check, doing ur stuff and a clip u jerked to, the investigation will last, I uploaded our malicious program on your device, furthermore malware saved exactly the video you chose, its a record with your wanking, friends will see u taking proper care of yourself, Your system is controlled by the malicious program, If you were more careful while playing with yourself, that whacking off to adult web-sites is, adult website which was poisoned with my malware, nor i think that jerking off to porn sites is really a gross thing, so I dgf lmao, proof just reply to this email with, if you want me to destroy all this compromising evidence, will send your video to 5 contacts, amount in Usd that can cope with this scenario, You are welcome to contact your local authorities, If you want proof, reply with, i pride myself in being apart of an internet group, so i dgf, I take good care of my being anonymous, information related to the RAT virus, been able get in to all ur units, to all of your contacts including, search engines like goo, case sensitive, so copy,, and at this moment I, It is a non-nego, don't waste my perso, thi s mes, back while visiting, showe ring, what should you do ?, porno webpage, this embarrassing situation, navigated to the page, bare-assed, on well-known websites and publications, I got an order from someone to kill you and your family, immediately kill your family, is an explosive device, My mercenary is, explosive device detonates, triggered your webcam, piquant websites, my exploit downloaded, replenish btc wallet, i‌nstanta‌neo‌usly ‌erase, actua‌l r‌eco‌rded ma‌t‌eri‌al, n‌egl‌ect this ‌ema‌i‌l, my RAT trojan, video you jerked, I used keylogger, your disk dump, malware intercepts, installed a malware, remo‌v‌e yo‌ur vi‌deo‌ fo‌o‌ta‌ge, RAT onto your computer, greasy stimulating actions, excentric preferrables, porn web-page, to your Tax Department, network will be DDoS, friends, WannaCry, building a protection policy, in Tax Departament, Yours service going, we pass CloudFlare, hear fake-experts, backuped phone, -1663, of your joys, digits your phone, (porno), BIG pervert, both files and scale, naughty video clips, Soy un hacker, I installed spyware, n website with teen, malware on the porn website, very own recorded material"
submitted by EugeneBYMCMB to Scams [link] [comments]

Why i’m bullish on Zilliqa (long read)

Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analysed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralised and scalable in my opinion.
 
Below I post my analysis why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since end of January 2019 with daily transaction rate growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralised and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. Maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realised early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralised, secure and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in amount of nodes. More nodes = higher transaction throughput and increased decentralisation. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue disecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as:
“A peer-to-peer, append-only datastore that uses consensus to synchronise cryptographically-secure data”.
 
Next he states that: >“blockchains are fundamentally systems for managing valid state transitions”.* For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralised and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimisation on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (>66%) double spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT etc. Another thing we haven’t looked at yet is the amount of decentralisation.
 
Decentralisation
 
Currently there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralised nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching their transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public.They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers.The 5% block rewards with an annual yield of 10.03% translates to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS & shard nodes and seed nodes becoming more decentralised too, Zilliqa qualifies for the label of decentralised in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. Faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time stamped so you’ll start right away with a platform introduction, R&D roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalised: programming languages can be divided into being ‘object oriented’ or ‘functional’. Here is an ELI5 given by software development academy: > “all programmes have two basic components, data – what the programme knows – and behaviour – what the programme can do with that data. So object-oriented programming states that combining data and related behaviours in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behaviour are different things and should be separated to ensure their clarity.”
 
Scilla is on the functional side and shares similarities with OCaml: > OCaml is a general purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognised by academics and won a so called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities safety is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa for Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue:
In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships  
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organisations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggest that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already taking advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, AirBnB, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are build on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”*
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They dont just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities) also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiatives (correct me if I’m wrong though). This suggest in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures & Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
submitted by haveyouheardaboutit to CryptoCurrency [link] [comments]

WalletScrutiny is growing. An update and call to help with further development

WalletScrutiny launched more than 6 months ago with the goal to find which wallets could steal all the funds from all their users at their own discretion.
The initial release was an analysis of 36 apps. As of today this has grown to 159. Those fall into the following categories:
Verdict App Count Downloads Comment
Reproducible 6 6.1M The code on GitHub matches the app on Google Play
Not verifiable 23 7.1M The app provider shares source code but it is not verifiable if that code is what built the app on Google Play
Closed source 31 5.1M The provider does not provide the source code for the app
Custodial 57 28M The provider has the keys to the bitcoins
Another 41 apps are either not for BTC, have fewer than 1000 downloads, are defunct or not actually wallets.
Update monitoring
Since a few days, app updates can also be collected with a WalletScrutiny Companion App which sends unknown updates to the walletscrutiny server for analysis. This app is not targeted at a mass market but it would be helpful if people could run it. The ideal user is somebody willing to install several of the 6 reproducible wallets. Using those wallets is not required. Auto-update is preferable to get immediate reporting on release in your country.
It feels like every day somebody mentions yet another wallet that is missing and it's not the smallest ones that joined last. The concept feels solid. The re-evaluation of reproducible wallets is mostly automated. The collection app is out and hopefully doing its thing.
Outlook
What's missing now is to add more features and platforms:
submitted by giszmo to WalletScrutiny [link] [comments]

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