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UYT Main-Net pre-launching AMA successfully completed with a blast
7 pm, 29th September 2020 Beijing time the UYT Main-Net pre-launching AMA successfully completed with a blast! Here is a full record of the AMA: Host: Hello everyone, it’s a great honor to host the first AMA of UYT network in China. Today, we have invited the person in charge of UYT Dao. Let’s ask Mr. Woo to introduce himself Woo: Hello, I’m Ben. I’ve met you in the previous global live broadcast. I’m the director of UYT Dao and the founder of IGNISVC. At present, I’m the CEO of the TKNT foundation and have been engaged in the blockchain industry. Q1. At present, different types of blockchains have emerged, but cross-chain interaction is still suffering a lot. In your opinion, what is the necessity and significance of cross-chain? Answer: The full name of UYT is to unite all your tokens, which is to integrate all public chains and increase the liquidity of the whole industry. Our purpose is not to create another public chain, but to become a platform for the exchange of value, technology, and resources of all public chains. What we need to solve is that each individual chain can circulate with each other. The full name of UYT is to unite all your tokens, which is to integrate all public chains and increase the liquidity of the whole industry. Our purpose is not to create another public chain, but to become a platform for the exchange of value, technology, and resources of all public chains. What we need to solve is that each individual chain can circulate with each other. Q2. The founder of Ethereum, V Shen, once wrote a cross-chain operation report for bank alliance chain R3, which mentioned three cross-chain methods. Which one does UYT belong to? Can you briefly introduce the cross-chain solution of UYT? Answer: In Vitalik’s cross-chain report, there are three main cross-chain methods. The first is that both parties do not know that they are crossing the chain, or that they cannot “read” each other, such as the centralized exchange. The second way is that one of the links can read other chains, such as side-chain / relay chain. That is, a can read B, and B cannot read a; The third is that both a and B can read each other’s, which can achieve the value and information exchange between a, B, and the platform. UYT belongs to the third kind. Our new official website will be online soon. Here are a few simple points: first of all, the architecture of UYT includes relay chain, parachain, parathreads, and bridges. In terms of ductility, it has exceeded almost all the public chains currently online. In the UYT network, there are four kinds of consensus participants, namely collector, fisherman, nominator, and validator. The characteristics of this model are: first, all people can participate without loss. Secondly, as long as anyone makes more contribution to the ecology, he will get more rewards, otherwise, he will receive corresponding punishment. The underlying layer of UYT is the substrate, which uses the rust programming language. Rust is committed to becoming a programming language that can solve the problems of high concurrency and high-security systems elegantly. This is also a great advantage that we are different from other blockchain projects in technology. Q3. What are the roles in the UYT network? What are their respective functions? Answer: After the main network of UYT is online, there will be four roles: collector, fisherman, nominator, and validator, which is totally different from the current system of the test network. The collector, in short, is responsible for collecting all kinds of information in the parallel chain and packaging the information to the verifier. Fishermen, to put it bluntly, is fishing law enforcement, which specifically checks out malicious acts and gets rewards after being checked out. The nominator, in fact, is a group of rights and interests. The verifier is its representative, and they entrust the deposit to the verifier. Verifier, package new blocks in the network. It must mortgage enough deposits and run a relay chain client on a highly available and high bandwidth machine. It can be understood as a mining pool. It can also be understood as the node in the current UYT DAPP. Q4. What is the mining mechanism of the UYT network? The only way to obtain UYT after its issuance is to participate in mining activities. In the initial stage, the daily constant output times of UYT are set to 1440000, and the cycle of bitcoin is halved. Mining rewards can be obtained in the following five ways: 1) Asset pledge mapping mining 2) Become the intermediate chain node of uyt network 3) Recommendation and reward mechanism 4) Voting reward 5) UYT network Dao will take out 10% of gas revenue from block packaging for community construction and reward of excellent community personnel Q5. The rise and fall of the blockchain are very fast. In order to give investors confidence, is there a detailed development plan, implementation steps, and application direction of UYT network in the next few months? Answer: UYT Network test network has been running stably for a year. After the main network is launched, all mechanisms will undergo major changes. The relationship between the UYT test network and the main network can be understood as the relationship between KSM (dot test network) and dot the main network, and the feasibility of the technology can be reflected more quickly by the UYT test network because of its faster timeliness and all future technology updates Some will move to the main network after the stable operation of the test network. In order to give users a better experience and give more rewards to excellent nodes, all Dao organizers are working hard for it. The development team has completed the cross-chain of bitcoin and some high-quality Ethereum based tokens in the early stage, and now the code has all been open source. For other mainstream currencies, community members can apply for funds to develop. In order to develop the ecology and make a better technical reserve, we will set up a special ecological development fund when the main network goes online. The transfer bridge is our key funding direction. The maximum application amount of a team is as high as 100000 US dollars. In addition, if other public chains want to connect to UYT, they will get technical support. In order to encourage developers to participate in ecological construction, Dao also launched a series of grants to support development. Developers can directly pull the better applications on Eth and EOS directly, or develop new products according to their own advantages. These directions are now the focus of funding. Due to the early online testing time of uyt network, it is based on the earlier version of substrate1.0. The on-chain governance mode can only be realized after the upgrade of 2.0 is completed. At present, the upgrading work is going on steadily, and the on-chain governance will be implemented in the main network with the launch of the uyt main network. As a heterogeneous cross-chain solution with high scalability and scalability, UYT network can perfectly bridge the parallel encryption system and its encryption assets in theory, and its wide applicability in the future can be expected. Therefore, we do not limit the areas where UYT network will play its advantages and roles. But in the general direction, there will be mainly DEFI and DEX ecological plates. From the industry, it can cover a wide range of fields, not only finance but also games, entertainment, shopping malls, real estate, and so on. Q6、How can UYT help DEFI? Answer: UYT network can not only link different public chains but also make parallel chains independent and interlinked. Just like the ACALA project some time ago, it has successfully obtained Pantera capital’s $7 million saft agreement. Although the concept of DEFI is very popular now, all DEFI products are still in the ecology of each public chain, and the cross-chain DEFI ecology has not been developed. UYT is to achieve cross-chain communication, value exchange, and develop truly decentralized financial services and products. For example, cross-chain decentralized flash cash, cross-chain asset support, cross-chain decentralized lending, Oracle machine, and other products. At present, our technical team is also speeding up the construction of infrastructure suitable for the landing of more DEFI products and services and is committed to creating a real cross-chain DEFI ecology, which is only a small step of UYT’s future plan. Q7、TKNT should be one of the hottest projects in the UYT ecosystem recently. Please give us a brief introduction to the TKNT project and the value of TKNT in the UYT ecosystem. Why can TKNT increase 400 times in 7 days? And what is the cooperative relationship between UTC and TKNT? Answer: I will answer each project from the technical and resource aspects. Let’s first introduce UTC. UTC is the token of Copernican network and the first project of UYT game entertainment ecology. In the future, it will be responsible for linking. Due to the high-quality public chain in the entertainment industry, because of the limited slots of UYT, each field will seek a high-quality partner and help the partner become the secondary relay chain of UYT. After the main network of UYT goes online, many chains will want to access UYT Greater value circulation, due to the limited external slots of UYT, the cost is also very high. At this time, you can choose to connect to UTC first, and then connect UTC to UYT. With more and more links with UYT, it will gradually evolve into a secondary relay chain of UYT network. UTC’s resources, online and offline, offline payment and offline entity applications, also have a very large community base. The ecological partners have very good operation experience in the game industry. They will use blockchain technology to change the whole game entertainment industry to make it more transparent and fair. At the same time, there are enough entity consumption scenarios. This is also UYT Because of the reason why the network chose to cooperate with it, the UTC project has been supported by the UYT ecological fund. The support fund includes that after the main network is launched, it will also be the first ecological cooperation project supported by UYT. Because of the online time of the main network of UYT, UTC can’t directly form a chain at present and will give priority to issuing on Ethereum. TKNT is a new concept project TKN.com TKN is the largest online centralized guessing game platform in the world at present. TKNT mixes bet mining and DEFI, so it can carry out fixed mining through platform games, build a system that can realize game participation and in application payment in all Dapps based on ERC20, and combine with various financial services. The reason why TKNT has created a myth of 400 times in 7 days is that the TkN platform has a buyback plan. As we all know, the online quiz game entertainment platform has an amazing profit. Every quarter, the profit will be used to buyback. The strong profit support has led to the huge increase of token. In the future, all users can use UTC to participate in TkN games. Therefore, the main network of UYT is that Line is also of great significance to TKNT. With the maturity of UYT ecology and technology, TKNT can have a more powerful performance. If TKNT wants to link more public chains, it needs to access UYT network, and realize a bigger vision with cross-chain interaction of UYT. After TKNT was launched on the exchange, the highest price has risen to $14, and now it has dropped to about $2.50. You will see that it will once again set a record high and create greater miracles. You will also see that $3 will be the best buying point for TKNT, because there will be several major moves in TKNT, and the global MLM plan will be launched on October 7 in Korea, China, and other countries There will be many marketing teams in Europe to promote TKNT, including DAPP.com As a shareholder of TkN, TKNT will also make every effort to promote TKNT. Secondly, TKNT will be launched next month on the largest digital currency exchange in South Korea, and Chinese users will see the shadow of TKNT on Binance in November. Of course, the decentralized trading platform of UYT will also be launched in the future. Q8. What is the significance of the launch of UYT’s main network for the industry and ecology? Answer: UYT is one of the few cross-chain platform projects in the industry at present. There are many public chains and coin issuing projects. Why? Because of less work, more money. However, there are very high technical and capital requirements for cross-chain and platform. This barrier is very high, so almost no project side is willing to do this. But once this is done, it will be of great significance to the whole industry of digital currency and blockchain. Because it will subvert the current situation of the whole currency circle and chain circle acting on their own, and the painting land is king. Let each independent ecosystem achieve a truly decentralized and trust-free cooperative relationship. This huge change will promote the whole industry to develop into a healthy and virtuous circle macro ecosystem. Q9. The slogan of many project supporters is that UYT should surpass Ethereum. What is the difference in technology between UYT network and Ethereum? Answer: Thank you so much for supporting UYT. In fact, the correct understanding is that UYT is the next era of Ethereum. First of all, UYT has a different vision from Ethereum. Before the emergence of UYT, Ethereum, and EOS, no matter how well they developed, belonged to the era of a single chain. The popular metaphor is a LAN. However, UYT can realize the interoperability of each chain and bring the blockchain into the Internet era. Secondly, UYT is far superior to Ethereum in technology. It mainly includes three aspects: shared security, heterogeneous cross-chain, and no fork upgrade. In the case that Ethereum 2.0 has not been implemented, UYT is the most friendly bottom layer for the DFI projects and other Dapps on Ethereum. Now, the hair chain architecture substrate of UYT is compatible with Ethereum smart contract language solidity, so eth developers can easily migrate their smart contracts to UYT. Up to now, there is no good solution to the congestion problem of Ethereum, while UYT network not only solves the network congestion problem. What’s more, UYT can easily realize one-click online upgrade, instead of having to redeploy a set of contracts on Ethereum for each version upgraded and then require users to follow them to migrate the original assets from the old contract to the new contract. Developers can quickly and flexibly iterate their own protocols to change their application solutions according to the situation, so as to serve more users and solve more problems. At the same time, they can also repair the loopholes in the contract very quickly. In the case of hacker attacks, they can also solve the hacker stealing money and a series of other problems through parallel chain management. We can find that for Ethereum, UYT not only solves the congestion problem we see in front of us but also provides the most important infrastructure for the future applications such as DFI on Ethereum to truly mature into an open financial application that can serve all people. It also opens the Web 3.0 era of the blockchain industry. In terms of market value, Ethereum currently has a strong ecological construction, with a market value of US $40 billion. UYT will also focus on the development of this aspect after the main network goes online. No matter in terms of market value or ecological construction, I have enough confidence in UYT, after all, we are fully prepared. Q10. What is the progress of the ecological construction of UYT? What opportunities do current ecological partners see in UYT or what changes may be brought about by UYT ecology? Answer: After the main network of UYT goes online, there will be a series of ecological construction actions, and more attention will be paid to establishing contact with traditional partners. Cross-chain decentralized flash cash, cross-chain asset support, cross-chain decentralized lending, Oracle machine, and other products will also be the key cooperation direction of UYT. UYT will give priority to the game and entertainment industry because this industry is most easily subverted by blockchain. As the ecological construction of UYT gets bigger and bigger, the future slots will become more and more expensive. The earlier you join UYT ecology, you will get more support from the ecological fund because the ecological fund is also limited. From the perspective of token value-added, all the project parties will cooperate with the project side in the future, and the project side needs to pledge a certain number of UYT to bid for slots, except for ecological rewards, others need to be purchased from market transactions. The difference between the pledge here and the pledge we understand is that the UYT of the ecological partner participating in the auction pledge cannot enjoy the computing power for mining. UYT main network has several opportunities for Eco partners to look forward to, the first point is bitcoin, bitcoin will be later than other assets late, but eventually, all the bubble and value will return to BTC, after the wave of DeFi bubble elimination, the focus will be very much in the bitcoin. UYT ecology can provide a more mature bottom layer for defi. In addition, now Ethereum’s DEFI is that of Ethereum and ERC 20 tokens, and the outbreak point of bitcoin has not yet arrived. Therefore, the DEFI of UYT ecology may be the next opportunity, which is a good opportunity for everyone. The second opportunity is that after the main network goes online, the future UYT ecological projects will compete to bid for slots. In fact, the original intention of UYT is to realize the interconnection of all chains. The chain outside the UYT ecology also needs to communicate. The third is cross-fi. The BIFI is hatched on Ethereum, and the def on UYT can realize multi-chain operation. For example, TkN games or future UTC game platform users can call bitcoin on the UYT chain. This form only belongs to the decentralized finance in the cross-chain era of UYT, which can be called cross-fi. Q11. Which exchanges will UYT go online next? What is the online strategy like? Answer: As the founder of ignisvc and as UYT As the head of the Dao organization, we have always had good cooperative relations with major exchanges all over the world. TKNT will appear in several exchanges one after another. Hitbtc exchange in the United Kingdom, Upbit and Bithumb Exchange in South Korea, Bitfinex exchange in the United States, Binance exchange in China, BKEX exchange, and Kucoin exchange in China are all our partners, and they have been paying close attention to UYT Development, UYT is the public chain with the largest user base and the highest community participation in the cross-chain field, so the future value is immeasurable. If we have to go to the exchange, then we will choose one of the above exchanges to launch. But the vision of UYT is to create a fairer, safer, and transparent circulation in the field of digital currency, and users can master all the assets by themselves, Therefore, in the beginning, there is a simple DEX on the UYT wallet, which is a simple matchmaking transaction and is also an on-chain transaction. After the completion of the UYT DEX, more transactions may occur in the UYT DEX. However, after the main network of UYT is online, centralized exchanges can directly access the block data synchronization of UYT, and it is not ruled out that some exchanges will directly go online for UYT trading. Such exchanges will not enjoy the support of the ecological support fund of UYT. The network project is a community-led project. Each cooperation plan of the exchange will be carried out in the way shared by the community in the future. Dao organization can only implement it according to the voting results. Q12. What are the plans for the promotion of ecological development and market by the launch of UYT main network? Answer: The launch of the main network will be completed around October 15. On the offline side, due to the epidemic situation, we will jointly organize corresponding market activities with nodes in different countries. At present, there are three large-scale offline meetups that have been identified. We will also start a global roadshow when the epidemic is over. On the online side, we have opened online Wechat, Kakao, Twitter, Reddit, and telegram communities. We will carry out AMA activities in various countries and promote them all over the world in various ways. Of course, we will launch MLM plans and cooperate with more marketing teams.
Initiator of three proposals: run! (Proposal 1), Stone Online (Proposal 2), Donglai (Proposal 3), and Special Guest Zhang Jian. This debate consists of three sessions: initiator statement, debating session and summary session. The first session: Each initiator explain his understanding of FOne and the current problems FOne faced. Proposal 1: Run Design of this proposal: Profit distribution mechanism + marketing effect = whether the merchant can survive. How the Merchant, FT holder shareholder and FCoinwill distributed 100% profits: Proposal 1: allocation for merchants is basically around 65%, and with more reasonable ladder-shaped competition mechanism. Option 2: allocation for merchants is about 60–70%, Option 4: only 10% for merchants which can be directly excluded, while for okex and houbi, this percentage isabout 50% Option 3 can also be excluded: we need to ensure the interests of the head merchants, so that they can be loyal to the platform and bring new businesses. Proposal II: stone This proposal is to improve the enthusiasm of the merchants, to increase the transaction volume and transaction depth, so that more people actively help the FCoin platform to develop better. Option 2, basic dividends plus dynamic rewards, combined with t repurchase and destruction, which can balance the interests of all parties. In early stage, trading volume can be used as the dynamic rewards standard. Later some other factors can be introduced in according to the improvement of the platform. Proposal III: Donglai About my understanding on FOne and current issues. FOne’s positioning: FCoin2.0 is a technical service provider, everyone can open an exchange. Our disadvantage:
The cold starting by transfee-mining mode was successful, but it also brought some problems. The price of FT plummeted, and investors lost faith. The platform is under lots of pressure lately.
Although the trading experience is constantly optimized, but there is still a big gap between the first-class exchange;
The core technology: We have had the largest trading volume in the history of the exchange, and platform security is guaranteed.
2.Communitization: community users are the shareholders of the platform, shall have the opportunity to participate in community building and community development process .
Transparency: This advantage is not too obvious when price is low, but will be revealed and become one of our core competitiveness when price go higher..
4． Self-contained traffic: we have been in the center of public opinion whether in the early stage or at the present. When our business can be stabilize or even grow, this self-contained traffic will bring us a lot of advantages then. 5 . We are a exchange with public heart, it showed by following three things: 1 stop transfee-mining 2 used profit to buy back FT
used FCoin Fund to buy back FT
The above is the embodiment of FCoin’s, along withthe power of the community and our technology, we can be even stronger in the future. What can FOne exchange do? Providing technical support and open our developing authorities, let the market to promote business and expolre more possibilities. Following possibilities I can think of based on the exchange’s gameplay, FOne can be 1, an exchange of spot trading, like Binance. 2, an exchange of fiat month trading, like ZB. 3, an exchange of margin trading, like Huobi. 4, an exchange of futures trading, like OKEX. 5, an exchange of options trading, like JEX. 6, an exchange of transfee mining, like FCoin1.0. 7, an exchange of transfee mining, can be any feasible innovation model. What’s more important is that not only we have Chinese uers, but from global wide. New gameplay:
can be a game mode, developers can develop their own game projects like F3D, Zethr, ETH.TOWN, EOSBET.
can be a virtual product trading platform, and support the trading of all virtual products, such as the services and transactions that Taobao (Ebay) does involves.
can be an app store, to develop under the requirement of merchants.
there are more fun ideas waiting for you to discover and participate.
The above non-exchange gameplay may be implemented in the short term or never be able to realized, they are just some possibilities I can think of. The positioning of FCoin2.0 is a platform and a technical service provider. We welcome everyone to discuss the possibilities, as long as it can bring benefits and bring profits to the platform and FT holders. Current issues FOne faced.
We will face the problem of trading depth at the early stage which can be solved through sharing depth. We should have larger volume and measures to encourage placing orders.
2, the number of main coins is insufficient, all main coins must be fully supported in the future. 3, FCone still works as a trading zone right now. I hope it can develop as an exchange in the later stage, to support the complete domain name, independent page and so on.
The review process needs to be speeded up, the process can be simplified and is transparent.
5, The platform can technically support the operationsof the shops, and share the commission with merchants. Debating Part 1: Initiator elaborate on his proposal Proposal I: Run: 80% of the distribution is for the head merchants.20% and 30% can be understood as a competition ladder. Proposal II: stones Option 2 is basic dividend plus dynamic reward, combined with a repurchase destruction mechanism. This repurchase and destruction mechanism will allow some people who do not support Option 4 and Option 3 to have some leeway. Proposal III: Donglai: There are three reasons for the recommendation of option 3: Firstly, it is simple. Too many rules can be a shackle for FONE which will kill too many possibilities. Secondly, is the fairness. Encourage same standard for all merchants The last one is the low threshold, which allow more people participate in, then FONE will have a chance to grow bigger, which means more dividends FT holders. Reasons for the design of the 2–8 distribution ratio:
Many great platform companies like Meituan, and Didi all use this golden ratio, and Tmall is even lower than this ratio.
There are other platforms ask above 50% distribution, but it won’t work for FCoin based on current situation.
Some operations already limited the development of FCoin, which will cause vitality losing.
20% will be taken from all merchants. Our income is proportional to the total income of the merchants. Only when FOne grows bigger, more profit will be brought, and more dividends can to allocated to FT holders.
The second part of the debating: Explain the mechanism of their own proposal and the impact it may have on FOne’s prospects (3 minutes) Proposal I : Run We only need simplicity and stability at this stage which can help to attract more people. That’s why I denied option 3 and 4, because they will have to change before enter the bull market. In addition, comparing schemes 2 and 3, option 1 will save more room for the platform to engage in activities, and attract merchants. If Option 3 is implemented but don’t work. The platform will have to launch more activities, which won’t be good for a total of 4% revenue. Proposal II: Stone The 60% dividend can guarantee the basic income of merchants, 20% dynamic rewards is a mean of macro-control to motivate the merchants and regulate their behaviors. Then these parts used for repurchaseand destruction, plus 23% of FCoin fund, which can be increased to about 30%, which expands the deflation expectation and supports FT price, which is good for everyone. The biggest feature of this proposal is the consideration of three parties. To ensure everyone has a basic income and also encourage those who are actively participated in. Proposal III: Donglai Option 3 is the easiest and quickest. Since tranfeemining has stopped, and free trading for Main Board A, and FONE is now the main income source of FT holders. The sooner FONE starts, the better it is for FT holders. It’s better not to have too many constraint in the primary development stage of FONE. Providing a fair environment and also lowering the threshold for entry, which can help to lock the FT’s liquidity, increase its application scenario, and the actual value of FT. When FT enters the positive cycle, these will become the power of development. The third part of the debating: evaluating other competition proposals Proposal I: Run I will skip option 4. Option 3 is a good option. I know exactly that okex is 50%, for option 3, merchants accounted for 80% while the platform accounted for 4%, as a technical service provider to ensure everyone’s safety, but he can only get 4% the profit, do you think this is appropriate? Option 2 is a good solution. first It is smoother, it uses a Y=X curve, which is theoretically more elaborate than a sweeping approach. Second, it introduces destruction. Because there is no data support, I can’t explain compare with option 1 which is better. Theoretically it’s finer than the first one.Option 1 is more concise but option 2 is more complicated. Proposal II: Stones First of all, option 4 is obviously unscientific, 10% is attributed to the merchants which will decrease theirenthusiasm, and make trading volume and depth of the entire trading area even difficult. About option 1, it’s much similar to my proposal II, only mine adds repurchase and destruction. Compared to option 1, I think option 2 is more scientific. About option 3, 80% for the merchants and 20% for the platform, which leaves no leeway for everyone. Proposal III: Donglai The starting point of Option 1 and Option 2 is very good, but in fact there is a fatal problem which islacking of fairness, and will force some small merchants to exit from this market. The biggest problem of option 1 is that, if the bottom 80% merchants can’t compete with the top 20, which leads to the exit. The newly-entered merchants can’t compete with the top 20, which leads to fewer and fewer stores, and less incomes of the whole patform. This is why it is necessary to ensure the fairness for everyone on the platform. Motivating is supportive, but not in this way,. As for option4, I said that fish can be big only water is enough. The ft holder can get more dividends only more merchants come in and bring more profits, that’s when the value of FT can really show up. 1*80% is much smaller than 100*20%. The fourth part of the debating: defending yourself Proposal I: Run I will give the answer to the questions on proposal I and II. Under the spirit of the blockchain, constant and stable is the fairest. The reason why Bitcoin and Ethereum is so powerful is that they are stable enough. Last I would like to say something to those who supports option 3. Those who hold millions of FTs (mostly are those “holding up” on FCoin) will be able to open stores and make more money if option 3 passes. It may sees like you have more dividends, but in fact platform will lost the credibility, lost the right to maintain users. Moreover, if these people really go to play, and your resources are not enough, basic Your income is zero, what is the difference between 20% and 80% of 0, so I think we need to calm down and think carefully before making a choice. Stone Incentives will make users feel our responsibility. Option 3 leave us no room for manoeuvre, which is not good for later strategy. The aggressiveness of Option 2 is increasing. Repurchase and destruction can also reduce the resistance of some policies, so that it can also obtain understanding and recognitionof most users. Donglai Now back to the positioning of FC2.0, which is a platform-based service provider. What is the most important thing about the platform? Fairness. The example I gave just now, 20%dividend is completely incapable when competing with 80% dividends. This is why the option 1 failed during the referendum. In fact, 60% is also difficult to compete with 80%. The result is inevitably that more shops will have to close. Then the early merchants have to repeat the competition again and more shop closed. And it’s the same logic for option 2. So I request again please pay attention to our positioning, do not undermine fairness as we are a platform. As for the incentive part mentioned in Option 1 and Option 2, I think it should not be the basic rules. It should be a short-term plan for operation and promotion. As for the other proposals, 20% dividends are too small, the total amount of dividends per day is less than three bitcoins. What we have to do now is to make the pool bigger, 3X80% is much smaller than 300X20%. Summary Proposal I: Run The proposal collection from the community is a good idea. I only contribute 20% of this proposalbecause many people have made a lot of efforts before. We are the shareholders of fcoin, and we need to choose a good solution for the future development of FCoin, so that we can make profits. In the last I want to say that I have high expectations for FCoin, and I hope FCoin is getting better and better, thank you. Proposal II: Stone I hope that everyone will vote rationally. FOne is a good attempt. Option 4 is not good for everyone’s participation, merchants have high operating cost promotion costs, 10% will be much less for that. Thank you. FOne can be an opportunity, a big opportunity in the bear market. Proposal III: Donglai FCoin is under the most embarrassing period since transfee mining ended and trading fee is free for Main Board A. Even 80% dividends for FT holders, there are still less than three BTCs in total per day. It is better to let the merchants operate, and FCoinprovides support for the merchants. so that they can make the pool bigger, FT holder can have more dividends. The main focus of Option 3 is the positioning of FC2.0. The platform is a technical service provider,should be simple in the early stage of FONE. Should be no much restrictions for merchants. At the same time, FCoin must lower its posture, play the role ofservice provider but not a regulator. Sharing from special guest MR. Zhang Jian I would like to end up with a few words. This debate is wonderful. Everyone is well prepared! I will share some of my ideas on the debates and about the future. FCoin’s future revenue e is very large, and will have more types of income e. So I think as long as FCoincan keep growing, the community keeps expanding. I think that whether it is a bull market or a bear market, I feel that we should firmly expand our community, traffic, and trading volume. The income will definitely group up, and to a bring future that everyone can’t imagine! I have talked with many investors, even the investors of the most well-known companies on world stage. In fact, everyone who knows the truth that, the most thing to make a great company successful is the thingit originally imagined. What I want to say is that the space that FCoin can explore in the future is very large. Therefore, as long as we hold the initial heart of community, to follow this direction. we will be able to walk out of a way that all of us can imagine. So I said that great things must have evolved but not planned!
Nicehash mining pool is ideal for those who want to engage in passive mining of bitcoins. The Nicehash pool pays a reward exclusively at BTC. Even the most inept user can run the Nicehash miner utility. Types of Rewards: PPS; Server Localization: Europe, Asia, USA; Fee: 3%; Bottom Line. We hope you find the Bitcoin Cash mining pool that is ... While mining hardware, such as Bitcoin ASICs, are responsible for performing the actual computing needed for proof of work, mining software is what connects hardware to the Bitcoin blockchain (and mining pool if you are part of one). Software sends “work” to mining hardware and from mining hardware back to the blockchain and mining pool. Mining pools may contain hundreds or thousands of miners using specialized protocols. In all these schemes B stands for a block reward minus pool fee and p is a probability of finding a block in a share attempt (p = 1/D, where D is current block difficulty). A pool can support variable share difficulty feature, which means that a miner can select the share target (the lower bound of share ... Another day, another spat in the crypto space… The president of the Bitcoin Association, the entity behind Bitcoin Satoshi Vision (BSV), has accused Binance of cherry picking its relationships with the cryptocurrency project after news came out earlier this week that the exchange’s new mining pool was now the single biggest verifier on the BSV protocol. What is Bitcoin Mining Summary. Bitcoin mining is the process of updating the ledger of Bitcoin transactions known as the blockchain.Mining is done by running extremely powerful computers called ASICs that race against other miners in an attempt to guess a specific number.. The first miner to guess the number gets to update the ledger of transactions and also receives a reward of newly minted ... ViaBTC is a Bitcoin, Litecoin, Ethereum, Ethereum Classic, Zcash, Dash, Monero, BTM and Bitcoin Cash mining pool which always hovers at the top of the hash rate percentages. ViaBTC.com opened its mining pool in 2016. The pool initially mostly utilized the Antminer S9 hardware, at the time one of the most powerful ASIC mining devices. Since its establishment, ViaBTC has managed to maintain an ... A Dash mining pool connects computers all over the world with a single purpose: mining Dash. These computers all tackle the same math problem while sharing processing power. Let's say that the pool wins the right to create the next block in the Dash blockchain. Now, everyone who participated gets a part of the Dash the pool won. The size of the reward depends on the amount of work you put in ... The pool offers three types of cloud mining contracts and there is usually a requirement to join a waiting list to get one. It is one of available pools that offer a chance to profit from Bitcoin mining. The payments miners get based on their contracts are delivered daily. Overall, the pool is considered legitimate by the community even though there are split opinions on Bitmain and their ... Types of mining From the technical side, mining can be divided into 3 types, ... It is better known as Discus Fish mining pool in the world of Bitcoin mining. Apart from Bitcoin, Litecoin, Ethereum, and Zcash are mined here. The difficulty level in mining is based the hash power, as the site uses stratum mining protocol and vardiff. The hash rate distribution is best when split among more ... F2Pool is one of the largest Chinese Bitcoin pool, launched in the year 2013. It is better known as Discus Fish mining pool in the world of Bitcoin mining. Apart from Bitcoin, Litecoin, Ethereum, and Zcash are mined here. The difficulty level in mining is based the hash power, as the site uses stratum mining protocol and vardiff. The site comes ...
Bitcoin and cryptocurrency mining explained - YouTube
SUBSCRIBE if you enjoy these type of videos! Thanks for watching! MY ... CARDANO Weekly Stats & 736 Stake Pools; BITCOIN, Stocks , Debt, & The Fed; LITECOIN ATM Expansion - Duration: 26:26. The ... Bitcoin and cryptocurrency mining explained with the Byzantine Generals Problem. We use it to explain the essence of cryptocurrency mining. Get started with ... Disclaimer: There is risk involved in trading, mining, lending and investing in cryptocurrency. I do not take any responsibility for any losses that may occur. I do not give financial advise. The Antminer L3+ miner was designed specifically for a type of mining that uses the Scrypt algorithm. At the time of this post it is the most powerful Litecoin miner on the market, with 504 MH/s ... SUBSCRIBE if you enjoy these type of videos! Thanks for watching! MY WEBSITE: http://www.TheCryptoviser.com TWITTER: https://twitter.com/TheCryptoviser -----... The reward is doubled during this event (2% at non-event time) For full info and more intresting offers visit website-----Keywords Bitdeer, Bitdeer cloud mining, bitdeer bitcoin mining, zcoin ... Mining Sky is a Cloud-based solution for mining cryptocurrencies for all types of users. Mining Sky is one of the cheapest and most profitable cloud mining companies in the space. With a community ... If you are looking for a tutorial for crypto trading you have come to the right place. In this video, I will show you how to trade crypto on KuCoin. Don’t have a KuCoin account? Register here ... Dino Talks about the differences there are when you start mining in a pool. WEBD$gDAgWZzyWa8PSLreoHUeSr0KqPEzw3Tfav$ #webdollar #bounty #reward The info you need to know. Our Crypto Cash back works with such major giants of the cryptocurrency market as: Coinbase, Binance, Blockchain, Localbitcoin, Huobi, Exmo. Absolutely new technology of receiving cashback!