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INTRODUCTIONCryptocurrency is essentially digital money traded from one person to another through the use of pseudonyms. There are no intermediaries like banks, no governmental oversight or authority, and no fees. The “crypto” in cryptocurrency refers to the use of cryptography to ensure the security and privacy of every transaction.
New coins are created through a technique called mining. The process requires powerful computers that solve complex math problems. Each problem should take about 10 minutes to solve, and results in the creation of a predetermined number of coins. The total number of coins that can be created is fixed — there’s a limit of 21 million bitcoins that can be created. The number of coins rewarded for solving each problem dwindles as time goes on.
Bitcoin is believed to have been created in 2009 by Satoshi Nakamoto, an enigmatic figure who has so far proven all but impossible to definitively identify. By using cryptography to control the creation and tracking of a digital currency, Nakamoto took that power away from central authorities like governments.
Bitcoin was the first and most famous digital currency, but you can choose from more than 1,500, including ether, litecoin and even cryptokitties. For awhile, you saw these currencies only in the darkest corners of the internet, where people used them for all sorts of questionable, even illegal, activities. Drug dealers liked them because they made transactions all but invisible, and trolls at the Kremlin-backed Internet Research Agency used bitcoin to finance their campaign to influence the 2016 election.
That started to change in 2014, when Overstock became the first major US retailer to accept bitcoin. Companies like Expedia and Microsoft followed suit.
One of the biggest misconceptions about cryptocurrencies is that you need thousands of dollars to invest. It’s an easy assumption to make, especially in the case of bitcoin, which stayed under $1,000 from about 2010 to 2017. But then it took off, surpassing thousand-dollar milestones at a pace that seemed quicker than you could refresh your phone.
The staggering value is off-putting to many. But unlike most stocks, you can buy a fraction of a bitcoin so you don’t need thousands to get into the crypto game.
As more technological advancements are uncovered, FXXX was created to disrupt issues of monetization faced by virtual reality, #fxxxcoin holders can enjoy contents posted other users in virtual reality and in return incentivize owners with FXXX.
FANTASY is a platform that allows users buy a virtual real estate inside a functional red light district (virtual reality), this invention was created to give users that exciting feeling they always dream of inside their minds. The thing is they need to have enough #fxxx coins to explore every theme, street & window on the platform else their access will be denied.
#fantasy is backed by its own digital asset broken into 19 different themed sectors, users can pick fantasies best suitable for them and imagine themselves inside of them. They can step out of the red light window and become stars they’ve always dreamed to be. The more #fxxx coins owned the more exploration on this unique virtual reality escapade.
THE LIST OF EROTIC DREAMS OFFERED BY FANTASY
FANTASY COIN (FXXX) & WALLET USE CASESFXXX is the acronym of FANTASY COIN, and it will be the standard cryptocurrency used for making payments for services rendered on FXXX Network, after Initial Coin Offering no FXXX coin will ever be created, minted or mined. FXXX will fuel the development of the network and also provide fast, secure, transparent, efficient transactions on the network.
FXXX was created to disrupt issues of monetization faced by virtual reality, #fxxxcoin holders can enjoy contents posted other users in virtual reality and in return incentivize owners with FXXX. Frequent users of the platform will be able to earn enough for themselves and they will have unrestricted access to premium subscriptions.
FXXX wallet was integrated with the blockchain technology, #fxxx wallet has the functionality to power real-life merchandise purchase. Users can access the platform without the need to purchase ethereum first that is to say both masters of the blockchain technology have a chance. Tokens can exchange tokens smoothly with its decentralized exchange technology.
COIN ECONOMICSCOIN NAME: FANTASY COIN
NETWORK: ERC-20 COMPATIBLE
TOTAL SUPPLY: 5 BILLION FXXX
HARD CAP: 10 MILLION USD
TOKEN ALLOCATIONADVISORY BOARD: 5%
USER GROWTH POOL: 10%
CROWDSALE DISTRIBUTION: 60%
FUNDS DISTRIBUTIONCONTIGENCY: 5%
CONTENT ACQUISITION: 20%
AVR PLATFORM: 30%
FOR MORE INFORMATION AND INVESTOR RESOURCE:
PUBLISHERBounty0x Username: idrixoxo
Q: The 7th Feb announcement says $100m raised in private funding, but email update says $61m - can anyone enlighten?Fall 2016
Sure, so the project funding is as follows: $4MM raised in the Seed Round in February 2017. After expenses and appreciation, this is roughly $40MM, held by DFINITY Stiftung. In the Strategic Round, which began in July of 2017, $21MM was raised. This is also held by the Stiftung, bringing total funding to ~$61MM As part of the Strategic Round, Polychain Capital spun up an ecosystem fund to help projects migrate to DFINITY and build new businesses on the platform. This is entirely under their management and totals $40MM.
All together this brings funding to ~$101MM. It's been reported in a number of confusing ways, but that is the actual break down.
The Seed Round was in the model of an ICO but it occurred before the actual ICO boom. Just under 25% of the network was distributed.
Threshold Relay chain that creates a random heartbeat that drives a Validation Tree of Validation Towers in the validation layer, which does for validation what a Merkle tree does for data and provides almost infinitely scalable global validation. The random beacon also defines the organization of mining clients into storage (state) shards in the storage layer, which use their own Threshold Relay chains to quickly reach consensus on received transactions and resulting state transitions that are passed up to the validation layer. The top-level Threshold Relay consensus blockchain then records state roots provided by the Validation Tree that anchor all the storage in the network.Dfinity is an intelligent decentralized cloud governed by the Blockchain Nervous System (BNS). The BNS has privileged access to the virtual machine to run special opcodes like freezing contracts, redistribute tokens or even run arbitrary code to reorganize the blockchain. This 'super user' can return funds and reverse the damage of hacks or programmatic errors, protecting users in case of vulnerabilities. The BNS also seamlessly upgrades the protocol on a regular basis, as opposed to disruptive 'hard forks', driving network evolution forward as quickly as possible.
Selfish mining Observation: for 0.33 < x < 0.5, a fraction x of selfish miners can earn greater than a fraction x of rewards Secret Block Secret Block Majority)is)notenough:)Bitcoin)mining)is)vulnerable) Iay)Eyal)and)Emin)Gün)Sirer.)Financial)Crypto)2014) important step in the evolution of the Bitcoin blockchain from being a mining-based set of rules towards being a market-based system capable of adapting to changing economic conditions. What is less clear is how successful this transition will be. In this paper, we investigate the evolution of transactions fees in Bitcoin. We build The step by step nature of the book shows the user screen by screen how to do most actions in the book. After completing this book, the reader will know how to use the Bitcoin market in a safe and secure manner. Introduction to Bitcoin Mining arranged for this purpose which makes it much faster and more efficient for Bitcoin mining. In fact, we find that common video cards can out-perform common CPUs by 100x or more. Since you are competing with other miners, mining with anything less powerful than the top 10 or 20 video cards is quite inefficient. Bitcoin transaction ledger is secured by a network of miners who compete for re- wards in the blockchain. This mining, or proof-of-work, comes with a hefty cost.
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