Bitcoin Exchange Comparison — Fees, Payment options, and ...

Bitcoin - The Internet of Money

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Bitcoin Cash: Peer-to-Peer Electronic Cash (BCH)

Bitcoin Cash (BCH) brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. All Bitcoin holders as of block 478558 are now owners of Bitcoin Cash. All Bitcoiners are welcome to join the Bitcoin Cash community as we move forward in creating sound money accessible to the whole world.
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Dogecoin

The most amazing place on reddit! A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. The new innovative crypto-currency.
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06-17 10:54 - 'Crypto Exchange Fee Comparison' (i.redd.it) by /u/CoinCasso removed from /r/Bitcoin within 4-14min

Crypto Exchange Fee Comparison
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Author: CoinCasso
submitted by removalbot to removalbot [link] [comments]

Fee Comparison Trading Bitcoin on CFD sites vs. Spot-Margin Exchanges vs. Futures Exchanges

When you want to speculate on changes in bitcoin price, there's three main types of places you can achieve this on:
We go into deep detail about these differences, as well as specific exchange cases, if you would like to learn more go here: http://www.bitcoinfuturesguide.com/bitcoin-blog/the-bid-ask-spread-margin-interest-as-hidden-fees-comparison-of-cfd-sites-vs-spot-margin-exchanges-vs-bitcoin-futures-sites
Below you can find a table comparing the sites, types, and fees on bid/ask spread and margin. Trade execution fees are excluded for space considerations
Exchange Type Bid-Ask Spread (Nominal) Daily Leverage Financing Charge (Nominal) Bid-Ask Spread (Max Leverage, as % of Initial Margin) Daily Charge (Max Leverage, as % of Initial Margin) Socialised Losses?
1Broker (5x) CFD 0.2% 0.1-0.15% 1% 0.5-0.75% No
SimpleFX (10x) CFD 0.23% 0.175% 2.3% 1.75% No
WhaleClub (10x) CFD 0.2-0.5% 0.2% 1-2.5% 1% No
Bitfinex (3.3x) Spot/Margin 0.01-0.1% 0.01-0.08% (Varies, market based) 0.03-0.3% 0.03%-0.25% No
Kraken (5x) Spot/Margin 0.05-0.2% 0.1% (Exchange-provided, not market-based) 0.25-1% 0.5% No
OKCoin.com (20x) Futures 0.01-0.05% (Varies, Market based) 0% 0.2-1% 0% Yes
BitMEX (100x) Futures 0.02-0.25% (Depends on contract/liquidity) 0% 2-25% 0% Yes
CryptoFacilities (6x) Futures 0.05-0.8% (Depends on contract/liquidity) 0% 0.3-4.8% 0% No
TL;DR Liquid bitcoin futures exchanges offer the lowest cost choice to do leveraged bitcoin trading, and have multiple fee discount advantages over Spot Margin exchanges and especially CFD sites. However, socialised losses ("DPE") are the downside: they are a form of hidden fee themselves against profitable traders who bear the load of system losses.
Edit: Fixed SimpleFX max leverage for BTC to 10x not 25x. Also included a warning about socialised losses for trading bitcoin futures at high leverage.
submitted by Bitcoin_Markets to BitcoinMarkets [link] [comments]

Hidden fees of Bid-Ask Spread & Margin Interest: Comparison of CFD Sites vs. Spot Margin Exchanges vs. Bitcoin Futures Sites

Hidden fees of Bid-Ask Spread & Margin Interest: Comparison of CFD Sites vs. Spot Margin Exchanges vs. Bitcoin Futures Sites submitted by Bitcoin_Markets to btc [link] [comments]

Comparison of Fees Across Bitcoin Futures Exchanges - A full explainer

Comparison of Fees Across Bitcoin Futures Exchanges - A full explainer submitted by Bitcoin_Markets to btc [link] [comments]

Comparison of Fees Across Bitcoin Futures Exchanges

Comparison of Fees Across Bitcoin Futures Exchanges submitted by Bitcoin_Markets to Bitcoin [link] [comments]

Hidden fees of Bid-Ask Spread & Margin Interest: Comparison of CFD Sites vs. Spot Margin Exchanges vs. Bitcoin Futures Sites

Hidden fees of Bid-Ask Spread & Margin Interest: Comparison of CFD Sites vs. Spot Margin Exchanges vs. Bitcoin Futures Sites submitted by BitcoinAllBot to BitcoinAll [link] [comments]

The Bid-Ask Spread & Margin Interest as Hidden Fees: Comparison of CFD Sites vs. Spot Margin Exchanges vs. Bitcoin Futures Sites

submitted by Bitcoin_Markets to BitcoinFuturesGuide [link] [comments]

The Bid-Ask Spread & Margin Interest as Hidden Fees: Comparison of CFD Sites vs. Spot Margin Exchanges vs. Bitcoin Futures Sites

The Bid-Ask Spread & Margin Interest as Hidden Fees: Comparison of CFD Sites vs. Spot Margin Exchanges vs. Bitcoin Futures Sites submitted by Bitcoin_Markets to Bitcoin [link] [comments]

Comparison of Fees Across Bitcoin Futures Exchanges - A full explainer

Comparison of Fees Across Bitcoin Futures Exchanges - A full explainer submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Comparison of Fees Across Bitcoin Futures Exchanges /forum.bitcoin.com

Comparison of Fees Across Bitcoin Futures Exchanges /forum.bitcoin.com submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Discussion • Comparison of Fees Across Bitcoin Futures Exchanges

submitted by btcforumbot to BtcForum [link] [comments]

Fee comparison trading Bitcoin on CFD sites vs Spot-Margin vs. Futures exchanges /forum.bitcoin.com

Fee comparison trading Bitcoin on CFD sites vs Spot-Margin vs. Futures exchanges /forum.bitcoin.com submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Discussion • Fee comparison trading Bitcoin on CFD sites vs Spot-Margin vs. Futures exchanges

submitted by btcforumbot to BtcForum [link] [comments]

Fee Comparison Trading Bitcoin on CFD sites vs. Spot-Margin Exchanges vs. Futures Exchanges /r/BitcoinMarkets

Fee Comparison Trading Bitcoin on CFD sites vs. Spot-Margin Exchanges vs. Futures Exchanges /BitcoinMarkets submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Best exchange platform to buy BTC

Hi all, I am wondering what is the best platform to buy BTC from , I am currently using Binance , is there any better platform ?
submitted by Veteran_guy to BitcoinBeginners [link] [comments]

An attepmt at explaining DeFi (this week...)

Warning, long post from my mornings contemplation. See https://twitter.com/markjeffrey/status/1300175793352445952 (Mark Jeffery 30 mins) for a video explaining DeFi.
This is my attempt at explaining DeFi.
I’m still learning this stuff, so any corrections are welcomed.
Links are provided for information, none are recommendations, nor referral links. Do your own research (DYOR) before investing :)
I’ll try not to shill YFI too much...
Not all platforms use the same mechanics as I describe, but I think I’ve covered the most common ones.

Stable coins
Crypro currency that is intended to maintain a level value. Normally with respect to USD $. Some rely on a trusted third party who has actual USD sitting in a bank account (USDT aka Tether, USDC…), others are trustless (DAI)

Maker
Lock collateral into the smart contract. Then DIA can be generated, and used for other things. DAI is designed to match the USD, and is completely trustless. You must have more value staked than the DAI removed (at least 150% over collateral) or you will get liquidated.

BTC on ETH
Bitcoin can not be directly used on the etherium chain. So, there are a number ways to make the value availble. Most involve trusting a 3rd party and the most common is wrapped BTC wBTC.
Notes WETH (Wrapped ETH) is used by some contracts to use ETH (direct use of ETH is not possible in some contracts) Unlinke WBTC, WETH is trustless as evrythign is done on the etherium blockchain (I think).

Lending
You deposit a valuable token onto a pool on platform, someone else borrows it. They pay interest to the pool. You get a proportion of the pools interest over time. When there is high demand for a particular token, the interest rate increases dynamically.
e.g. look at the interest rate model and click on the figure for
https://compound.finance/markets/USDC
Borrow rates increase lineally as more of the available pool is loaned. 2% at zero and 12.5% when the pool is emptied.
Earnings are lower than the borrowing rates because: There is more in the pool than borrowed. The platform takes a cut.
e.g. 50% of the pool is borrowed, the borrower pays 7.25%, but the lenders only get 3.38%. 3.38/0.5 = 6.76%, so about 0.5% of the interest is being taken by compound.
Different pools have different interest rate functions, DAI has an inflection point to maintain a buffer https://compound.finance/markets/DAI
The interest rate increases slowly to 4% until 75% of the available pool is loaned out. Then it’s much more expensive to borrow e.g. 16% APR at 90% utilisation.
When lending a single token into a single pool, you should always get the (slightly ?) more of same token back.

How lending works
You deposit ETH, you are given a token back as proof of participation in the pool (cETH for comound.finance).
The exchange rate for cETH to ETH is NOT fixed. Rather is changes over time. As the ETH interest is paid into the pool the cETH becomes more valuable compared to the initial deposit.
e.g. you deposit 10 ETH, and get 499.52 cETH. In a months time, you repay the 499.2 cETH cETH and get 10.1 ETH back. You have just gained 1%.

Taxes
In many jurisdictions, converting ETH to cETH would be classed as a taxable event (DYOR ! )

Lego Bricks
The cETH represents your ETH, so it has value. This means it can be used for other things...
Lego bricks is taken to mean that all these things fit together and you can sue them in different ways.

How borrowing works
You need to be over colarteralised to borrow from most platforms. So, if you deposit 10.0 ETH into a smart contract, you (currently) have $4,000 of collateral to work with. The platform may then let you borrow a % of your collateral in other tokens.
So, you can borrow $2,000 of USDC, to buy more 5 ETH. Then when ETH price goes up you sell $2100 back to USDC and repay the interest. Now you have 10.x ETH.
This is a form of Leverage, when the price goes up, you win. However, if the ETH price goes down, you risk being Liquidated. This means part of your collateral will be sold at the (lower) market price to repay your loan. There will likely be a penalty for you. (e.g. @ ETH = $300, 7.33 of your ETH is sold for $2,400, your USDC loan is repaid, and you keep the remaining 2.67 ETH and the 5 ETH you purchased.

Shorting
Deposit $8,000 collateral, Borrow 10 ETH and sell for $400 each. If the price drops to $380, buy 10.1 ETH and repay the loan and interest. You have just made $162 profit. However, if the price goes up you will still need to buy 10.1 ETH.

Flash Loans
A technomage creates a single transaction that borrows lots of money. Then within the same single ~13 second block uses it to do lots of complex things to hopefully make a profit. As it’s all within a single block, collateral is not required.
See https://mobile.twitter.com/nanexcool/status/1297068546023993349 for a transaction that made ~46,000 USDC profit (without collateral)
If this post is introducing you to the possibilities of flash loans, you are very unlikely to ever do one in the near future.
I think Aave is the most common source for flash loans.

Simple farming lending:
Simply put you token in which ever platform offers the largest interest rate. Moving to the best option costs gas (and attention).

Complex lending farming
Some platforms offer tokens in return for using a platform, so simple APR comparisons aren’t sufficient. If the additional platform token has high value it can distort the market.
E.g. when COMP was initially offered, it was profitable to:

  1. Place collateral on compound.finance
  2. Borrow BAT at 30%
  3. Lend the BAT back to the same platform at 15%
  4. Collect the COMP accrued due to interest paid and interest earned.
  5. Sell the COMP on the open market.
This technique was made less favourable by compound changing the distribution model so smaller pools (like BAT) couldn’t be exploited in this way.

DEX
Decentralised exchanges range from ones that operate with depositing assets, trading with an order book and then withdrawing, to simple interfaces that allow you to swap tokens. of the latter, the most popular is uniswap.

Liquidity provision
The swap based DEX’s rely on liquidity providers (LP). Here you deposit equal values of two tokens e.g. USDC and ETH.
Then any time someone wants to swap USDC for ETH on the exchange, they add USDC and remove ETH from the pool.
Each time someone does a swap, they pay a fee to the liquidity pool and you get a share.

Impairment loss
However, if the price of one asset goes up, the pool with stabilise to have less of it. So you see an overall increase, but not as much as if you had just hold’ed.
See https://twitter.com/ChainLinkGod/status/1270046868932661248 for an example.
Hopefully, the fees accrued are greater than the losses.
https://twitter.com/Tetranode/status/1300326676451057664/photo/1

Stable coin pairs
If you restrict yourself to similar things (e.g. USD stable coins, or different versions of BTC on Ethereum), then the impairment loss is much reduced. Curve.finance focuses on such like for like pools and allows multiple tokens in a single pool.

Complex farming liquidity pools
Taking advantage of governance token rewards for using certain exchanges / pools. This can be done to boot strap liquidity and / or allow a decentralisation of the governance of the DEX.
The tokes received have value because of expected future income, or governance rights (which may be exploited for future income)

Yearn
Yearn is a group of smart farmer protocols that allow pooling to reduce gas costs and benefit from smart developers / contracts.
The simplest EARN take tokens / stable coins and place them in the highest yielding platform for that token. https://yearn.finance/earn
The yCRV vault provides USD stable coin liquidity within curve for trading fees, but also lending fees via Yearn pools for each stable coin (oh and it gets CRV governance tokens…).
Other vaults use more complex strategies. The collateral is used to generate stable coins that then generate income from interest rates, Liquidity provision fees, and accrual of governance tokens. Some governance tokens are sold, others are used to optimise the rewards from other platforms.
For example, see this video on the Link Vault (Mark Jeffrey 13 mins).
https://twitter.com/markjeffrey/status/1300175793352445952
I expect the ETH vault may be similar, but may include Maker to generate the stable coins (rather than borrowing on Aave).
This video is a good intro on curve / yearn products (DeFIDad 31 mins) https://www.youtube.com/watch?v=yP-4pJpKbRU
All of these steps can be done by yourself, however, gas costs would be significant unless you have a large amount invested. Yearn, and vaults pay fees to the YFI protocol.

YFI
YFI is the token for yearn. There are only 30,000 issued. So, you can not earn them, you can:
1) Stake them for governance rewards
2) place in a yYFI vauly to gain more FYI
3) Use them as long term Ventrue capital funds within a DAO (coming soon (tm) ).

YFII, YVFV etc.
Forks of the YFI with different tokens / fees.

YAM, Sushi, YFII, etc.
To be completed…

Synthetix
To be completed...

Finally:
This is not financial advice.
There are multiple risks which get larger as more moving parts are added.
Errors and omissions expected.
Do you own research.
Comments and corrections welcomed
submitted by Over-analyser to ethfinance [link] [comments]

Bitcoin Inquiry

Anyone who knows about bitcoin, trading bitcoins and Legit websites to use? Thanks
submitted by LeniCLGMktg to BitcoinBeginners [link] [comments]

Can cryptocurrency be regulated?

Can cryptocurrency be regulated?
https://preview.redd.it/505if19cboq51.jpg?width=1280&format=pjpg&auto=webp&s=262229c5e6e31bd75ae91475721a7b76de0f2d4b
Officials have become interested in cryptocurrencies from the very moment Bitcoin began to gain popularity. Attempts to find a way to regulate cryptocurrencies are being made regularly since the authorities do not understand that cryptocurrencies are beyond their control. However, the Ministry of Finance of Russia recently came up with a package of amendments, where it proposed punitive initiatives regarding cryptocurrencies. These initiatives include reports on all transfers and receipts. In this regard, we want to discuss the facts regarding the regulation of decentralized cryptocurrencies. Is it even possible to regulate the cryptocurrency?
The truth is, this is impossible. At the moment, government agencies around the world are trying to apply the same methods to cryptocurrency that are applied to overseas accounts. Therefore, the owners of crypto wallets just need to be careful and monitor how funds are transferred to them.
Financial systems and tax services are danger zones, but, in fairness, there is little they can reach. There are already exchange offices where you withdraw fiat money from your bank account, and then convert it into cryptocurrencies. Once you break the chain of information, and that's it - no one can trace your finances. Therefore, you should not use your main accounts, payroll cards, etc.
Of course, you can declare operations with cryptocurrency. But it is unlikely that this will be deliberately done by someone in a sober mind and sound memory unless this is more of a demonstration that is aimed at setting an example for others. But let's remember that the main advantages of the crypto sphere over traditional finance lie precisely in transparency and anonymity. It is thanks to these bonuses that cryptocurrencies have become so popular, while all the attempts of the authorities simply negate these advantages.
The crypto market today, in fact, is in its infancy. However, it already surpasses classical financial frameworks in many respects. Crypto enthusiasts, seeing the attempts of the state to regulate something, can only laugh or consider these officials to be men of very little brain. All the prohibitions are clearly invented by people who absolutely do not understand the topic, do not understand the essence of the market, and the technical structure of cryptocurrencies itself.
From the point of view of the economic theory of the Austrian school, any attempts performed by the state to interfere in voluntary financial relations, as well as regulate such subtle matters as crypto assets, usually end with exactly the opposite effect. Participants are inventing new and effective ways to protect their assets and stay out of the reach of officials and regulators. At the same time, large amounts of budget money are spent on the useless work of officials, which, in fact, is another confirmation of the inefficiency of centralized systems.
These are features of decentralized cryptocurrencies that can be distinguished in comparison with traditional finance:
  • Decentralized network structure. No need for a central governing body to manage operations. All members of the network are equal and equally affect its state.
  • Transparency. The list of operations can be freely viewed by everyone, while the confidential information of all users is kept secret. This prevents the possibility of fraud.
  • Personal data security. During transactions in the crypto network, the name, contact information, address and other personal data remain anonymous. Even the person with whom the deal is being made does not know them.
  • Maximum availability. For a number of reasons, banking operations are inaccessible to millions of people on Earth. For them, cryptocurrency is a perfect option for financial transactions. Payments can be made anytime, anywhere, and all you need is internet access.
  • Fast transactions vs long bank transfers, which (in the case of country-to-country transfers) can take several days.
  • Low fees. Compared to fiat operations, the costs are minimal. All thanks to the complete absence of intermediaries.
We believe that the ‘Old World’, represented by the state and banks, cannot compete with the new high-tech world even now. All laws passed by officials are a complete ignorance of the topic and a waste of budget funds. Unfortunately, this can be said about almost every country in the world, although in some countries the government is more loyal to cryptocurrency, and tries to explore it, instead of fighting against it.
submitted by Forsage_io to u/Forsage_io [link] [comments]

Low/Zero commission online broker comparison

I was trying to find the lowest cost brokers that aren’t just mobile apps that offer passive investments in the assets I’m looking for on top of the usual equity and bonds I already have.
I’m hoping this will help people in my situation. I looked for a comparison website and found: https://brokerchooser.com/ which helped but I still had to dig around to get the direct comparison I needed all in one easily visible table.
What are your thoughts and experiences on the below brokers like customer service etc with these platforms?
Trading212 looks to be the cheapest and best all round but I’ve read bad experiences.
To diversify my portfolio I’m looking at:
  1. Renewables funds,
  2. Commodities,
  3. Individual shares and Crypto (a very small gamble 1% of total)
  4. Property dev/REITs,
  5. Venture capital,
  6. Higher risk corporate Bonds,
1 - 4 Can be invested in via ETF’s offered by most of the online brokers below.
4 - 5 Can be invested in using the other platforms below: Crowdcube, Seedrs, Syndicate room, Crowdproperty.
1 and 6 I think need higher cost traditional brokers like HL/Black rock etc but I’m not sure.
Here’s my comparison:
Free trades per month Products Fees (deposit etc) FCA Regulated? Bank transfer or debit card?
Trading 212 Unlimited Stocks ETF/ETCs Forex Crypto ISA Free ISA, no trade fees, CFD account has charges inc: 0.5% currency conversion charge, no forex fees Yes Debit card: Yes - Bank transfer: Yes
TD Ameritrade Unlimited $0 for US stock $6.95 for non-US Cannot find on FCA register Cannot find on FCA register
eToro Unlimited Stocks ETF/ETCs Forex Crypto Commodities via CFD’s No ISA - $5 withdrawal fee - Deposit and withdrawal fee of 0.5% - exchange fee (50 pips) 0.5cent/$1 e.g $7.5 on $500 - If no activity for 12 months charged $10 per month - 0.75% fee to buy bitcoin Yes Debit card: Yes - Bank transfer: No
Freetrade Unlimited Mobile app only Stocks ETFs ISA ISA £3/month 0.90% forex fee Yes Debit card: No - Bank transfer: Yes
Revolut 3 Mobile app only Stocks Crypto Commodities No ISA Complex fee structure Yes Debit card: Yes - Bank transfer: Yes
Degiro Unlimited Stocks ETF Funds Bonds Options Futures Crypto No ISA High fees (complex structure) Yes Debit card: No - Bank transfer: Yes
Other investment platforms:

Investment type Fees (deposit etc) FCA Regulated? Pre-emption rights?
Crowd cube Venture capital 1.5% Yes No
Syndicate Room Venture capital High fees 2% set up fee 1.5% – 2.3% annual 20% performance fee Life-time management fees of between 12.5% and 24.3% Yes Yes
Seedrs Venture capital 7.5% of any profit Plus variable sale fees Yes Yes
Crowd property Property 0% fees however returns capped at 8%. Yes N/A

Have you used any of these before or do you have alternatives?

submitted by Final_Cause to UKPersonalFinance [link] [comments]

Syscoin Platform’s Great Reddit Scaling Bake-off Proposal

Syscoin Platform’s Great Reddit Scaling Bake-off Proposal

https://preview.redd.it/rqt2dldyg8e51.jpg?width=1044&format=pjpg&auto=webp&s=777ae9d4fbbb54c3540682b72700fc4ba3de0a44
We are excited to participate and present Syscoin Platform's ideal characteristics and capabilities towards a well-rounded Reddit Community Points solution!
Our scaling solution for Reddit Community Points involves 2-way peg interoperability with Ethereum. This will provide a scalable token layer built specifically for speed and high volumes of simple value transfers at a very low cost, while providing sovereign ownership and onchain finality.
Token transfers scale by taking advantage of a globally sorting mempool that provides for probabilistically secure assumptions of “as good as settled”. The opportunity here for token receivers is to have an app-layer interactivity on the speed/security tradeoff (99.9999% assurance within 10 seconds). We call this Z-DAG, and it achieves high-throughput across a mesh network topology presently composed of about 2,000 geographically dispersed full-nodes. Similar to Bitcoin, however, these nodes are incentivized to run full-nodes for the benefit of network security, through a bonded validator scheme. These nodes do not participate in the consensus of transactions or block validation any differently than other nodes and therefore do not degrade the security model of Bitcoin’s validate first then trust, across every node. Each token transfer settles on-chain. The protocol follows Bitcoin core policies so it has adequate code coverage and protocol hardening to be qualified as production quality software. It shares a significant portion of Bitcoin’s own hashpower through merged-mining.
This platform as a whole can serve token microtransactions, larger settlements, and store-of-value in an ideal fashion, providing probabilistic scalability whilst remaining decentralized according to Bitcoin design. It is accessible to ERC-20 via a permissionless and trust-minimized bridge that works in both directions. The bridge and token platform are currently available on the Syscoin mainnet. This has been gaining recent attention for use by loyalty point programs and stablecoins such as Binance USD.

Solutions

Syscoin Foundation identified a few paths for Reddit to leverage this infrastructure, each with trade-offs. The first provides the most cost-savings and scaling benefits at some sacrifice of token autonomy. The second offers more preservation of autonomy with a more narrow scope of cost savings than the first option, but savings even so. The third introduces more complexity than the previous two yet provides the most overall benefits. We consider the third as most viable as it enables Reddit to benefit even while retaining existing smart contract functionality. We will focus on the third option, and include the first two for good measure.
  1. Distribution, burns and user-to-user transfers of Reddit Points are entirely carried out on the Syscoin network. This full-on approach to utilizing the Syscoin network provides the most scalability and transaction cost benefits of these scenarios. The tradeoff here is distribution and subscription handling likely migrating away from smart contracts into the application layer.
  2. The Reddit Community Points ecosystem can continue to use existing smart contracts as they are used today on the Ethereum mainchain. Users migrate a portion of their tokens to Syscoin, the scaling network, to gain much lower fees, scalability, and a proven base layer, without sacrificing sovereign ownership. They would use Syscoin for user-to-user transfers. Tips redeemable in ten seconds or less, a high-throughput relay network, and onchain settlement at a block target of 60 seconds.
  3. Integration between Matic Network and Syscoin Platform - similar to Syscoin’s current integration with Ethereum - will provide Reddit Community Points with EVM scalability (including the Memberships ERC777 operator) on the Matic side, and performant simple value transfers, robust decentralized security, and sovereign store-of-value on the Syscoin side. It’s “the best of both worlds”. The trade-off is more complex interoperability.

Syscoin + Matic Integration

Matic and Blockchain Foundry Inc, the public company formed by the founders of Syscoin, recently entered a partnership for joint research and business development initiatives. This is ideal for all parties as Matic Network and Syscoin Platform provide complementary utility. Syscoin offers characteristics for sovereign ownership and security based on Bitcoin’s time-tested model, and shares a significant portion of Bitcoin’s own hashpower. Syscoin’s focus is on secure and scalable simple value transfers, trust-minimized interoperability, and opt-in regulatory compliance for tokenized assets rather than scalability for smart contract execution. On the other hand, Matic Network can provide scalable EVM for smart contract execution. Reddit Community Points can benefit from both.
Syscoin + Matic integration is actively being explored by both teams, as it is helpful to Reddit, Ethereum, and the industry as a whole.

Proving Performance & Cost Savings

Our POC focuses on 100,000 on-chain settlements of token transfers on the Syscoin Core blockchain. Transfers and burns perform equally with Syscoin. For POCs related to smart contracts (subscriptions, etc), refer to the Matic Network proposal.
On-chain settlement of 100k transactions was accomplished within roughly twelve minutes, well-exceeding Reddit’s expectation of five days. This was performed using six full-nodes operating on compute-optimized AWS c4.2xlarge instances which were geographically distributed (Virginia, London, Sao Paulo Brazil, Oregon, Singapore, Germany). A higher quantity of settlements could be reached within the same time-frame with more broadcasting nodes involved, or using hosts with more resources for faster execution of the process.
Addresses used: 100,014
The demonstration was executed using this tool. The results can be seen in the following blocks:
612722: https://sys1.bcfn.ca/block/6d47796d043bb4c508d29123e6ae81b051f5e0aaef849f253c8f3a6942a022ce
612723: https://sys1.bcfn.ca/block/8e2077f743461b90f80b4bef502f564933a8e04de97972901f3d65cfadcf1faf
612724: https://sys1.bcfn.ca/block/205436d25b1b499fce44c29567c5c807beaca915b83cc9f3c35b0d76dbb11f6e
612725: https://sys1.bcfn.ca/block/776d1b1a0f90f655a6bbdf559ff5072459cbdc5682d7615ff4b78c00babdc237
612726: https://sys1.bcfn.ca/block/de4df0994253742a1ac8ac9eec8d2a8c8b0a6d72c53d6f3caa29bb6c171b0a6b
612727: https://sys1.bcfn.ca/block/e5e167c52a9decb313fbaadf49a5e34cb490f8084f642a850385476d4ef10d70
612728: https://sys1.bcfn.ca/block/ab64d989edc71890e7b5b8491c20e9a27520dc45a5f7c776d3dae79057f59fe7
612729: https://sys1.bcfn.ca/block/5e8b7ecd0e36f99d07e4ea6e135fc952bf7ec30164ab6f4d1e98b0f2d405df6d
612730: https://sys1.bcfn.ca/block/d395df3d31dde60bbb0bece6bd5b358297da878f0beb96be389e5f0e043580a3
It is important to note that this POC is not focused on Z-DAG. The performance of Z-DAG has been benchmarked within realistic network conditions: Whiteblock’s audit is publicly available. Network latency tests showed an average TPS around 15k with burst capacity up to 61k. Zero-latency control group exhibited ~150k TPS. Mainnet testing of the Z-DAG network is achievable and will require further coordination and additional resources.
Even further optimizations are expected in the upcoming Syscoin Core release which will implement a UTXO model for our token layer bringing further efficiency as well as open the door to additional scaling technology currently under research by our team and academic partners. At present our token layer is account-based, similar to Ethereum. Opt-in compliance structures will also be introduced soon which will offer some positive performance characteristics as well. It makes the most sense to implement these optimizations before performing another benchmark for Z-DAG, especially on the mainnet considering the resources required to stress-test this network.

Cost Savings

Total cost for these 100k transactions: $0.63 USD
See the live fee comparison for savings estimation between transactions on Ethereum and Syscoin. Below is a snapshot at time of writing:
ETH price: $318.55 ETH gas price: 55.00 Gwei ($0.37)
Syscoin price: $0.11
Snapshot of live fee comparison chart
Z-DAG provides a more efficient fee-market. A typical Z-DAG transaction costs 0.0000582 SYS. Tokens can be safely redeemed/re-spent within seconds or allowed to settle on-chain beforehand. The costs should remain about this low for microtransactions.
Syscoin will achieve further reduction of fees and even greater scalability with offchain payment channels for assets, with Z-DAG as a resilience fallback. New payment channel technology is one of the topics under research by the Syscoin development team with our academic partners at TU Delft. In line with the calculation in the Lightning Networks white paper, payment channels using assets with Syscoin Core will bring theoretical capacity for each person on Earth (7.8 billion) to have five on-chain transactions per year, per person, without requiring anyone to enter a fee market (aka “wait for a block”). This exceeds the minimum LN expectation of two transactions per person, per year; one to exist on-chain and one to settle aggregated value.

Tools, Infrastructure & Documentation

Syscoin Bridge

Mainnet Demonstration of Syscoin Bridge with the Basic Attention Token ERC-20
A two-way blockchain interoperability system that uses Simple Payment Verification to enable:
  • Any Standard ERC-20 token to be moved from Ethereum to the Syscoin blockchain as a Syscoin Platform Token (SPT), and back to Ethereum
  • Any SPT to be moved from Syscoin to the Ethereum blockchain as an ERC-20 token, and back to Syscoin

Benefits

  • Permissionless
  • No counterparties involved
  • No trading mechanisms involved
  • No third-party liquidity providers required
  • Cross-chain Fractional Supply - 2-way peg - Token supply maintained globally
  • ERC-20s gain vastly improved transactionality with the Syscoin Token Platform, along with the security of bitcoin-core-compliant PoW.
  • SPTs gain access to all the tooling, applications and capabilities of Ethereum for ERC-20, including smart contracts.
https://preview.redd.it/l8t2m8ldh8e51.png?width=1180&format=png&auto=webp&s=b0a955a0181746dc79aff718bd0bf607d3c3aa23
https://preview.redd.it/26htnxzfh8e51.png?width=1180&format=png&auto=webp&s=d0383d3c2ee836c9f60b57eca35542e9545f741d

Source code

https://github.com/syscoin/?q=sysethereum
Main Subprojects

API

Tools to simplify using Syscoin Bridge as a service with dapps and wallets will be released some time after implementation of Syscoin Core 4.2. These will be based upon the same processes which are automated in the current live Sysethereum Dapp that is functioning with the Syscoin mainnet.

Documentation

Syscoin Bridge & How it Works (description and process flow)
Superblock Validation Battles
HOWTO: Provision the Bridge for your ERC-20
HOWTO: Setup an Agent
Developer & User Diligence

Trade-off

The Syscoin Ethereum Bridge is secured by Agent nodes participating in a decentralized and incentivized model that involves roles of Superblock challengers and submitters. This model is open to participation. The benefits here are trust-minimization, permissionless-ness, and potentially less legal/regulatory red-tape than interop mechanisms that involve liquidity providers and/or trading mechanisms.
The trade-off is that due to the decentralized nature there are cross-chain settlement times of one hour to cross from Ethereum to Syscoin, and three hours to cross from Syscoin to Ethereum. We are exploring ways to reduce this time while maintaining decentralization via zkp. Even so, an “instant bridge” experience could be provided by means of a third-party liquidity mechanism. That option exists but is not required for bridge functionality today. Typically bridges are used with batch value, not with high frequencies of smaller values, and generally it is advantageous to keep some value on both chains for maximum availability of utility. Even so, the cross-chain settlement time is good to mention here.

Cost

Ethereum -> Syscoin: Matic or Ethereum transaction fee for bridge contract interaction, negligible Syscoin transaction fee for minting tokens
Syscoin -> Ethereum: Negligible Syscoin transaction fee for burning tokens, 0.01% transaction fee paid to Bridge Agent in the form of the ERC-20, Matic or Ethereum transaction fee for contract interaction.

Z-DAG

Zero-Confirmation Directed Acyclic Graph is an instant settlement protocol that is used as a complementary system to proof-of-work (PoW) in the confirmation of Syscoin service transactions. In essence, a Z-DAG is simply a directed acyclic graph (DAG) where validating nodes verify the sequential ordering of transactions that are received in their memory pools. Z-DAG is used by the validating nodes across the network to ensure that there is absolute consensus on the ordering of transactions and no balances are overflowed (no double-spends).

Benefits

  • Unique fee-market that is more efficient for microtransaction redemption and settlement
  • Uses decentralized means to enable tokens with value transfer scalability that is comparable or exceeds that of credit card networks
  • Provides high throughput and secure fulfillment even if blocks are full
  • Probabilistic and interactive
  • 99.9999% security assurance within 10 seconds
  • Can serve payment channels as a resilience fallback that is faster and lower-cost than falling-back directly to a blockchain
  • Each Z-DAG transaction also settles onchain through Syscoin Core at 60-second block target using SHA-256 Proof of Work consensus
https://preview.redd.it/pgbx84jih8e51.png?width=1614&format=png&auto=webp&s=5f631d42a33dc698365eb8dd184b6d442def6640

Source code

https://github.com/syscoin/syscoin

API

Syscoin-js provides tooling for all Syscoin Core RPCs including interactivity with Z-DAG.

Documentation

Z-DAG White Paper
Useful read: An in-depth Z-DAG discussion between Syscoin Core developer Jag Sidhu and Brave Software Research Engineer Gonçalo Pestana

Trade-off

Z-DAG enables the ideal speed/security tradeoff to be determined per use-case in the application layer. It minimizes the sacrifice required to accept and redeem fast transfers/payments while providing more-than-ample security for microtransactions. This is supported on the premise that a Reddit user receiving points does need security yet generally doesn’t want nor need to wait for the same level of security as a nation-state settling an international trade debt. In any case, each Z-DAG transaction settles onchain at a block target of 60 seconds.

Syscoin Specs

Syscoin 3.0 White Paper
(4.0 white paper is pending. For improved scalability and less blockchain bloat, some features of v3 no longer exist in current v4: Specifically Marketplace Offers, Aliases, Escrow, Certificates, Pruning, Encrypted Messaging)
  • 16MB block bandwidth per minute assuming segwit witness carrying transactions, and transactions ~200 bytes on average
  • SHA256 merge mined with Bitcoin
  • UTXO asset layer, with base Syscoin layer sharing identical security policies as Bitcoin Core
  • Z-DAG on asset layer, bridge to Ethereum on asset layer
  • On-chain scaling with prospect of enabling enterprise grade reliable trustless payment processing with on/offchain hybrid solution
  • Focus only on Simple Value Transfers. MVP of blockchain consensus footprint is balances and ownership of them. Everything else can reduce data availability in exchange for scale (Ethereum 2.0 model). We leave that to other designs, we focus on transfers.
  • Future integrations of MAST/Taproot to get more complex value transfers without trading off trustlessness or decentralization.
  • Zero-knowledge Proofs are a cryptographic new frontier. We are dabbling here to generalize the concept of bridging and also verify the state of a chain efficiently. We also apply it in our Digital Identity projects at Blockchain Foundry (a publicly traded company which develops Syscoin softwares for clients). We are also looking to integrate privacy preserving payment channels for off-chain payments through zkSNARK hub & spoke design which does not suffer from the HTLC attack vectors evident on LN. Much of the issues plaguing Lightning Network can be resolved using a zkSNARK design whilst also providing the ability to do a multi-asset payment channel system. Currently we found a showstopper attack (American Call Option) on LN if we were to use multiple-assets. This would not exist in a system such as this.

Wallets

Web3 and mobile wallets are under active development by Blockchain Foundry Inc as WebAssembly applications and expected for release not long after mainnet deployment of Syscoin Core 4.2. Both of these will be multi-coin wallets that support Syscoin, SPTs, Ethereum, and ERC-20 tokens. The Web3 wallet will provide functionality similar to Metamask.
Syscoin Platform and tokens are already integrated with Blockbook. Custom hardware wallet support currently exists via ElectrumSys. First-class HW wallet integration through apps such as Ledger Live will exist after 4.2.
Current supported wallets
Syscoin Spark Desktop
Syscoin-Qt

Explorers

Mainnet: https://sys1.bcfn.ca (Blockbook)
Testnet: https://explorer-testnet.blockchainfoundry.co

Thank you for close consideration of our proposal. We look forward to feedback, and to working with the Reddit community to implement an ideal solution using Syscoin Platform!

submitted by sidhujag to ethereum [link] [comments]

How much does it cost to develop a cryptowallet for business?

How much does it cost to develop a cryptowallet for business?
A cryptocurrency wallet is specific software that allows you to make global non-cash payments and keep your profit securely stored. There are multiple reasons why business owners switch to cryptocurrency wallets such as no government invasion, multi-currency operations, quickness, no physical currency involved. However, it is necessary to develop your personalized wallet if you want to scale your business and simplify financial transactions. In this article, we will discuss what is the average price of cryptowallet development and how it will benefit your business.
https://preview.redd.it/wxe1e9l5n5r51.jpg?width=2508&format=pjpg&auto=webp&s=5c0b9b94aba2bfe8f877b7aa3f27a0f0592ab5ce
Firstly, it is important to understand the necessity of cryptowallet for entrepreneurs:
  • some transactions require a long waiting period and verification in the bank:
  • high fees on international transactions and unprofitable currency exchange rate;
  • lack of privacy, since online money transfer through a bank is impossible without the provision of personal information;
How does cryptowallet work?
  • fast and secure transactions carried within a few minutes;
  • private keys are safely stored and the transaction is processed between blockchain network members:
  • transaction fees are relatively low in comparison with a bank;
  • a completely anonymous environment;
You should keep in mind a few things that will influence the cost before the development process
Wallet type
There are two main wallet types: the desktop (installed on the PC) and the mobile app that can provide users with constant access to their funds.
Bitcoin libraries
You can either create a cryptocurrency wallet using one of the libraries (e.g. Coinbase, BitcoinJ) for Android and iOS and synchronize it with various API’s or create an application from the scratch.
Size of the development company
If you decide to get a highly customized wallet app, the estimated price will largely depend on the size of the company you are choosing. Anyway, cryptowallet development requires large investments and even hiring a small-sized company will cost you from $15,000-$20,000. The pricing depends on the features included. Also, the type of coins you want to use in your wallet app is a factor that influences the cost. Since it is not possible to calculate the exact cost of development, we will present the average prices of the basic features that are compulsory in your app:
Backend development from $10,000
Design from $7,000
Web/Desktop $7,000
Also, you can add numerous features to secure and vary your transactions:
Secured authentication & authorization, Windows/Linux/Mac wallet, iOS app, Android app, push notifications, QR code scanner, customer support, multiple cryptocurrency, optional password protection etc.
The development of a cryptocurrency wallet is an innovative tool that can bring your business to the next level. Evercode Lab developed a unique multi-currency crypto wallets (Atomic Wallet and Guarda), guaranteeing the fastest transactions, maximum security, and anonymity. Our company provides a wide range of services from consulting to a full-time development team as well as crypto asset security.
submitted by Fantastic_Tour_6829 to u/Fantastic_Tour_6829 [link] [comments]

[ANN][ANDROID MINING][AIRDROP] NewEnglandcoin: Scrypt RandomSpike

New England
New England 6 States Songs: https://www.reddit.com/newengland/comments/er8wxd/new_england_6_states_songs/
NewEnglandcoin
Symbol: NENG
NewEnglandcoin is a clone of Bitcoin using scrypt as a proof-of-work algorithm with enhanced features to protect against 51% attack and decentralize on mining to allow diversified mining rigs across CPUs, GPUs, ASICs and Android phones.
Mining Algorithm: Scrypt with RandomSpike. RandomSpike is 3rd generation of Dynamic Difficulty (DynDiff) algorithm on top of scrypt.
1 minute block targets base difficulty reset: every 1440 blocks subsidy halves in 2.1m blocks (~ 2 to 4 years) 84,000,000,000 total maximum NENG 20000 NENG per block Pre-mine: 1% - reserved for dev fund ICO: None RPCPort: 6376 Port: 6377
NewEnglandcoin has dogecoin like supply at 84 billion maximum NENG. This huge supply insures that NENG is suitable for retail transactions and daily use. The inflation schedule of NengEnglandcoin is actually identical to that of Litecoin. Bitcoin and Litecoin are already proven to be great long term store of value. The Litecoin-like NENG inflation schedule will make NewEnglandcoin ideal for long term investment appreciation as the supply is limited and capped at a fixed number
Bitcoin Fork - Suitable for Home Hobbyists
NewEnglandcoin core wallet continues to maintain version tag of "Satoshi v0.8.7.5" because NewEnglandcoin is very much an exact clone of bitcoin plus some mining feature changes with DynDiff algorithm. NewEnglandcoin is very suitable as lite version of bitcoin for educational purpose on desktop mining, full node running and bitcoin programming using bitcoin-json APIs.
The NewEnglandcoin (NENG) mining algorithm original upgrade ideas were mainly designed for decentralization of mining rigs on scrypt, which is same algo as litecoin/dogecoin. The way it is going now is that NENG is very suitable for bitcoin/litecoin/dogecoin hobbyists who can not , will not spend huge money to run noisy ASIC/GPU mining equipments, but still want to mine NENG at home with quiet simple CPU/GPU or with a cheap ASIC like FutureBit Moonlander 2 USB or Apollo pod on solo mining setup to obtain very decent profitable results. NENG allows bitcoin litecoin hobbyists to experience full node running, solo mining, CPU/GPU/ASIC for a fun experience at home at cheap cost without breaking bank on equipment or electricity.
MIT Free Course - 23 lectures about Bitcoin, Blockchain and Finance (Fall,2018)
https://www.youtube.com/playlist?list=PLUl4u3cNGP63UUkfL0onkxF6MYgVa04Fn
CPU Minable Coin Because of dynamic difficulty algorithm on top of scrypt, NewEnglandcoin is CPU Minable. Users can easily set up full node for mining at Home PC or Mac using our dedicated cheetah software.
Research on the first forked 50 blocks on v1.2.0 core confirmed that ASIC/GPU miners mined 66% of 50 blocks, CPU miners mined the remaining 34%.
NENG v1.4.0 release enabled CPU mining inside android phones.
Youtube Video Tutorial
How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 1 https://www.youtube.com/watch?v=sdOoPvAjzlE How to CPU Mine NewEnglandcoin (NENG) in Windows 10 Part 2 https://www.youtube.com/watch?v=nHnRJvJRzZg
How to CPU Mine NewEnglandcoin (NENG) in macOS https://www.youtube.com/watch?v=Zj7NLMeNSOQ
Decentralization and Community Driven NewEnglandcoin is a decentralized coin just like bitcoin. There is no boss on NewEnglandcoin. Nobody nor the dev owns NENG.
We know a coin is worth nothing if there is no backing from community. Therefore, we as dev do not intend to make decision on this coin solely by ourselves. It is our expectation that NewEnglandcoin community will make majority of decisions on direction of this coin from now on. We as dev merely view our-self as coin creater and technical support of this coin while providing NENG a permanent home at ShorelineCrypto Exchange.
Twitter Airdrop
Follow NENG twitter and receive 100,000 NENG on Twitter Airdrop to up to 1000 winners
Graphic Redesign Bounty
Top one award: 90.9 million NENG Top 10 Winners: 500,000 NENG / person Event Timing: March 25, 2019 - Present Event Address: NewEnglandcoin DISCORD at: https://discord.gg/UPeBwgs
Please complete above Twitter Bounty requirement first. Then follow Below Steps to qualify for the Bounty: (1) Required: submit your own designed NENG logo picture in gif, png jpg or any other common graphic file format into DISCORD "bounty-submission" board (2) Optional: submit a second graphic for logo or any other marketing purposes into "bounty-submission" board. (3) Complete below form.
Please limit your submission to no more than two total. Delete any wrongly submitted or undesired graphics in the board. Contact DISCORD u/honglu69#5911 or u/krypton#6139 if you have any issues.
Twitter Airdrop/Graphic Redesign bounty sign up: https://goo.gl/forms/L0vcwmVi8c76cR7m1
Milestones
Roadmap
NENG v1.4.0 Android Mining, randomSpike Evaluation https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/NENG_2020_Q3_report/NENG_2020_Q3_report.pdf
RandomSpike - NENG core v1.3.0 Hardfork Upgrade Proposal https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/2020Q1_Report/Scrypt_RandomSpike_NENGv1.3.0_Hardfork_Proposal.pdf
NENG Security, Decentralization & Valuation
https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/2019Q2_report/NENG_Security_Decentralization_Value.pdf
Whitepaper v1.0 https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/whitepaper_v1.0/NENG_WhitePaper.pdf
DISCORD https://discord.gg/UPeBwgs
Explorer
http://www.findblocks.com/exploreNENG http://86.100.49.209/exploreNENG http://nengexplorer.mooo.com:3001/
Step by step guide on how to setup an explorer: https://github.com/ShorelineCrypto/nengexplorer
Github https://github.com/ShorelineCrypto/NewEnglandCoin
Wallet
Android with UserLand App (arm64/armhf), Chromebook (x64/arm64/armhf): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.5
Linux Wallet (Ubuntu/Linux Mint, Debian/MX Linux, Arch/Manjaro, Fedora, openSUSE): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.3
MacOS Wallet (10.11 El Capitan or higher): https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0.2
Android with GNUroot on 32 bits old Phones (alpha release) wallet: https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.0
Windows wallet: https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.3.0.1
addnode ip address for the wallet to sync faster, frequently updated conf file: https://github.com/ShorelineCrypto/cheetah_cpumineblob/mastenewenglandcoin.conf-example
How to Sync Full Node Desktop Wallet https://www.reddit.com/NewEnglandCoin/comments/er6f0q/how_to_sync_full_node_desktop_wallet/
TWITTER https://twitter.com/newenglandcoin
REDDIT https://www.reddit.com/NewEnglandCoin/
Cheetah CPU Miner Software https://github.com/ShorelineCrypto/cheetah_cpuminer
Solo Mining with GPU or ASIC https://bitcointalk.org/index.php?topic=5027091.msg52187727#msg52187727
How to Run Two Full Node in Same Desktop PC https://bitcointalk.org/index.php?topic=5027091.msg53581449#msg53581449
ASIC/GPU Mining Pools Warning to Big ASIC Miners Due to DynDiff Algo on top of Scrypt, solo mining is recommended for ASIC/GPU miners. Further more, even for mining pools, small mining pool will generate better performance than big NENG mining pool because of new algo v1.2.x post hard fork.
The set up configuration of NENG for scrypt pool mining is same as a typical normal scrypt coin. In other word, DynDiff on Scrypt algo is backward compatible with Scrypt algo. Because ASIC/GPU miners rely on CPU miners for smooth blockchain movement, checkout bottom of "Latest News" section for A WARNING to All ASIC miners before you decide to dump big ASIC hash rate into NENG mining.
(1) Original DynDiff Warning: https://bitcointalk.org/index.php?topic=5027091.msg48324708#msg48324708 (2) New Warning on RandomSpike Spike difficulty (244k) introduced in RandomSpike served as roadblocks to instant mining and provide security against 51% attack risk. However, this spike difficulty like a roadblock that makes big ASIC mining less profitable. In case of spike block to be mined, the spike difficulty immediately serve as base difficulty, which will block GPU/ASIC miners effectively and leave CPU cheetah solo miners dominating mining almost 100% until next base difficulty reset.
FindBlocks http://findblocks.com/
CRpool http://crpool.xyz/
Cminors' Pool http://newenglandcoin.cminors-pool.com/
SPOOL https://spools.online/
Exchange
📷
https://shorelinecrypto.com/
Features: anonymous sign up and trading. No restriction or limit on deposit or withdraw.
The trading pairs available: NewEnglandcoin (NENG) / Dogecoin (DOGE)
Trading commission: A round trip trading will incur 0.10% trading fees in average. Fees are paid only on buyer side. buy fee: 0.2% / sell fee: 0% Deposit fees: free for all coins Withdraw fees: ZERO per withdraw. Mining fees are appointed by each coin blockchain. To cover the blockchain mining fees, there is minimum balance per coin per account: * Dogecoin 2 DOGE * NewEnglandcoin 1 NENG
Latest News Aug 30, 2020 - NENG v1.4.0.5 Released for Android/Chromebook Upgrade with armhf, better hardware support https://bitcointalk.org/index.php?topic=5027091.msg55098029#msg55098029
Aug 11, 2020 - NENG v1.4.0.4 Released for Android arm64 Upgrade / Chromebook Support https://bitcointalk.org/index.php?topic=5027091.msg54977437#msg54977437
Jul 30, 2020 - NENG v1.4.0.3 Released for Linux Wallet Upgrade with 8 Distros https://bitcointalk.org/index.php?topic=5027091.msg54898540#msg54898540
Jul 21, 2020 - NENG v1.4.0.2 Released for MacOS Upgrade with Catalina https://bitcointalk.org/index.php?topic=5027091.msg54839522#msg54839522
Jul 19, 2020 - NENG v1.4.0.1 Released for MacOS Wallet Upgrade https://bitcointalk.org/index.php?topic=5027091.msg54830333#msg54830333
Jul 15, 2020 - NENG v1.4.0 Released for Android Mining, Ubuntu 20.04 support https://bitcointalk.org/index.php?topic=5027091.msg54803639#msg54803639
Jul 11, 2020 - NENG v1.4.0 Android Mining, randomSpike Evaluation https://bitcointalk.org/index.php?topic=5027091.msg54777222#msg54777222
Jun 27, 2020 - Pre-Announce: NENG v1.4.0 Proposal for Mobile Miner Upgrade, Android Mining Start in July 2020 https://bitcointalk.org/index.php?topic=5027091.msg54694233#msg54694233
Jun 19, 2020 - Best Practice for Futurebit Moonlander2 USB ASIC on solo mining mode https://bitcointalk.org/index.php?topic=5027091.msg54645726#msg54645726
Mar 15, 2020 - Scrypt RandomSpike - NENG v1.3.0.1 Released for better wallet syncing https://bitcointalk.org/index.php?topic=5027091.msg54030923#msg54030923
Feb 23, 2020 - Scrypt RandomSpike - NENG Core v1.3.0 Relased, Hardfork on Mar 1 https://bitcointalk.org/index.php?topic=5027091.msg53900926#msg53900926
Feb 1, 2020 - Scrypt RandomSpike Proposal Published- NENG 1.3.0 Hardfork https://bitcointalk.org/index.php?topic=5027091.msg53735458#msg53735458
Jan 15, 2020 - NewEnglandcoin Dev Team Expanded with New Kickoff https://bitcointalk.org/index.php?topic=5027091.msg53617358#msg53617358
Jan 12, 2020 - Explanation of Base Diff Reset and Effect of Supply https://www.reddit.com/NewEnglandCoin/comments/envmo1/explanation_of_base_diff_reset_and_effect_of/
Dec 19, 2019 - Shoreline_tradingbot version 1.0 is released https://bitcointalk.org/index.php?topic=5121953.msg53391184#msg53391184
Sept 1, 2019 - NewEnglandcoin (NENG) is Selected as Shoreline Tradingbot First Supported Coin https://bitcointalk.org/index.php?topic=5027091.msg52331201#msg52331201
Aug 15, 2019 - Mining Update on Effect of Base Difficulty Reset, GPU vs ASIC https://bitcointalk.org/index.php?topic=5027091.msg52169572#msg52169572
Jul 7, 2019 - CPU Mining on macOS Mojave is supported under latest Cheetah_Cpuminer Release https://bitcointalk.org/index.php?topic=5027091.msg51745839#msg51745839
Jun 1, 2019 - NENG Fiat project is stopped by Square, Inc https://bitcointalk.org/index.php?topic=5027091.msg51312291#msg51312291
Apr 21, 2019 - NENG Fiat Project is Launched by ShorelineCrypto https://bitcointalk.org/index.php?topic=5027091.msg50714764#msg50714764
Apr 7, 2019 - Announcement of Fiat Project for all U.S. Residents & Mobile Miner Project Initiation https://bitcointalk.org/index.php?topic=5027091.msg50506585#msg50506585
Apr 1, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50417196#msg50417196
Mar 27, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50332097#msg50332097
Mar 17, 2019 - Disclosure on Large Buying on NENG at ShorelineCrypto Exchange https://bitcointalk.org/index.php?topic=5027091.msg50208194#msg50208194
Feb 26, 2019 - Community Project - NewEnglandcoin Graphic Redesign Bounty Initiated https://bitcointalk.org/index.php?topic=5027091.msg49931305#msg49931305
Feb 22, 2019 - Dev Policy on Checkpoints on NewEnglandcoin https://bitcointalk.org/index.php?topic=5027091.msg49875242#msg49875242
Feb 20, 2019 - NewEnglandCoin v1.2.1 Released to Secure the Hard Kork https://bitcointalk.org/index.php?topic=5027091.msg49831059#msg49831059
Feb 11, 2019 - NewEnglandCoin v1.2.0 Released, Anti-51% Attack, Anti-instant Mining after Hard Fork https://bitcointalk.org/index.php?topic=5027091.msg49685389#msg49685389
Jan 13, 2019 - Cheetah_CpuMiner added support for CPU Mining on Mac https://bitcointalk.org/index.php?topic=5027091.msg49218760#msg49218760
Jan 12, 2019 - NENG Core v1.1.2 Released to support MacOS OSX Wallet https://bitcointalk.org/index.php?topic=5027091.msg49202088#msg49202088
Jan 2, 2019 - Cheetah_Cpuminer v1.1.0 is released for both Linux and Windows https://bitcointalk.org/index.php?topic=5027091.msg49004345#msg49004345
Dec 31, 2018 - Technical Whitepaper is Released https://bitcointalk.org/index.php?topic=5027091.msg48990334#msg48990334
Dec 28, 2018 - Cheetah_Cpuminer v1.0.0 is released for Linux https://bitcointalk.org/index.php?topic=5027091.msg48935135#msg48935135
Update on Dec 14, 2018 - NENG Blockchain Stuck Issue https://bitcointalk.org/index.php?topic=5027091.msg48668375#msg48668375
Nov 27, 2018 - Exclusive for PC CPU Miners - How to Steal a Block from ASIC Miners https://bitcointalk.org/index.php?topic=5027091.msg48258465#msg48258465
Nov 28, 2018 - How to CPU Mine a NENG block with window/linux PC https://bitcointalk.org/index.php?topic=5027091.msg48298311#msg48298311
Nov 29, 2018 - A Warning to ASIC Miners https://bitcointalk.org/index.php?topic=5027091.msg48324708#msg48324708
Disclosure: Dev Team Came from ShorelineCrypto, a US based Informatics Service Business offering Fee for service for Coin Creation, Coin Exchange Listing, Blockchain Consulting, etc.
submitted by honglu69 to NewEnglandCoin [link] [comments]

Liquid Exchange Review - Overall Best Crypto Exchange & Binance Killer? TOP 6 BITCOIN/CRYPTO EXCHANGES IN 2020  COMPARISON World's Top 5 Best CryptoCurrency Exchanges With The Lowest Transaction Fees  VERIFIED EXCHANGE How to Calculate Bitcoin Transaction Size How to buy Bitcoin in Australia (exchanges compared ...

The most liquid UK bitcoin exchange. 100% multi-signature underground cold storage. Immediate bitcoin withdrawals up to 2 XBT from Advance Withdrawal fund. No bitcoin deposit or withdrawal fees. Minimum deposit amount 1000 EUR/GBP/PLN/USD. Cryptopia: cryptopia.co.nz: $2,000,000 0.2% 0.2% ????? Gatecoin: gatecoin.com: $19,000,000 0.25%: 0.35% 20 ... Exchange A comparison of fees on several cryptocurrency exchanges. By Matteo Gatti - 17 Aug 2019. ... Kraken also charges a small fee for withdrawing, e.g. to transfer Bitcoin outside the exchange it is necessary to pay 0.0005 BTC. The table with all the costs can be seen here. Exchange rate/Spread: While some exchanges may look inexpensive, with very low fees, they actually hide their fees in larger spreads, making you pay more for the bitcoin you’re buying or receive less when selling. Country support: If the exchange doesn’t accept customers from your country, it won’t be of any use to you. The main types of fees are: Exchange fees – Basic fees for exchange operations. Depending on currencies and coins you’re exchanging, they vary. Trade fees – This is the fee to trade between currencies on the exchange. For example, if you trade Euros in your account for Bitcoin, you’ll pay a fee. Cryptocurrency exchange fees ... Exchange fee comparison. How much does it cost to deposit, trade and withdraw funds from a crypto exchange? Check out the table below for a comparison of the fees charged by a handful of popular exchanges. ... For instance, bitcoin deposits may attract a fee of 0.001 BTC, while Ether deposits might be charged at ...

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Liquid Exchange Review - Overall Best Crypto Exchange & Binance Killer?

The trading fees usually range between 0.1% to 0.25%, but it can be up to 1% of the trading amount that is charged for making orders on the exchange. NOTE: Trading is a highly risky activity. 🟩BITCOIN BLUEPRINT 🟩 ... Best Crypto Exchange- ZERO FEES HACK - Duration: 11:00. ... The Ultimate 2019 Exchange Comparison For U.S. Crypto Traders & Investors! Best Crypto Exchange- ZERO FEES HACK - Duration: 11:00. Crypto Ride 9,687 views. ... Bitcoin Wallet: Ledger Nano S & Trezor One Hardware Wallets Step-by-Step Guide (For Beginners!) What's the best Crypto Exchange for your investment needs? This video we break down the appropriate criteria to consider when selecting an exchange and show ... Gives the details of transaction fees taken by Coinbase compared to Coinbase pro account. (1.49 dollars Vs 0.05 dollars). Bitcoin wallet. Also you could transact Bitcoin within these accounts ...

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