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    {
      "parent_author": "blockbid",
      "parent_permlink": "10-interesting-facts-cryptocurrency-exchanges",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-blockbid-20191011t084617000z",
      "title": "",
      "body": "Congratulations @blockbid! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@blockbid/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@blockbid) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=blockbid)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemfest/@steemitboard/the-new-steemfest-badge-is-ready\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmRUkELn2Fd13pWFkmWU2wBMMx39EBX5V3cHBEZ2d7f3Ve/image.png\"></a></td><td><a href=\"https://steemit.com/steemfest/@steemitboard/the-new-steemfest-badge-is-ready\">The new SteemFest⁴  badge is ready</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
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      "parent_author": "",
      "parent_permlink": "exchange",
      "author": "blockbid",
      "permlink": "10-interesting-facts-cryptocurrency-exchanges",
      "title": "10 Interesting Facts: Cryptocurrency Exchanges",
      "body": "![10 Interesting Facts.png](https://cdn.steemitimages.com/DQmV5BwqtdCfVJvcTWR4jWSy8nBKwGnuvrr5NUXrpHZponH/10%20Interesting%20Facts.png)\n# 10. Mt Gox - Hacked Mountain?\n\nA sad story of a pioneer exchange, but what does 'Mt. Gox' mean?\nMt Gox actually stands for ***M***agic ***T***he ***G***athering ***O***nline e***X***change, the domain was originally set up as a site to exchange Magic The Gathering cards in a stock market like exchange by it's original creator Jed McCaleb.\n\n# 9. ShapeShift - The Changeling\nSwiss based ShapeShift essentially allows match up of buyer and seller to facilitate direct exchange one cryptocurrency for for another. Known for it's 'no accounts' stance, ShapeShift once blocked the entire city of New York (redirecting all traffic to this [site](http://pleaseprotectconsumers.org/)), as a protest against the states 'BitLicense' legislation. Ironically they are now moving to a ['membership' model](https://www.coindesk.com/shapeshift-launches-new-membership-program-for-customers/).\n# 8. Binance - Echoes of the Wild West (also fast*)\nRegulatory warnings in Japan, Hong Kong and Korea - have kept this exchange on the move. They seem to have finally settled in [Malta, aka \"Bitcoin Island\"](https://www.coindesk.com/binance-partners-with-malta-to-launch-security-token-trading-platform/). This notoriously free and easy exchange - $20k trades are ok with email only as ID - always lands top one or two exchange in the world.\n\nThe founder CZ, has come a long way, who as a teenager flipped burgers by day at McDonalds and tended a gas station by night. Although he still wears a 'Binance' hoodie when interviewed by Forbes.\nNot to be limited, Binance is also a pretty powerful incubator, see [Binance Labs](https://labs.binance.com/).\n\n*Binance boasts being able to process 1,400,000 orders per second, making it one of the fastest exchanges in the market today.\n\n# 7. Dark Pool Exchange - Where the Whales Are?\nOff-Exchange trading or 'dark pool' trading is coming to light in the crypto-sphere. Dark pool trading, which makes up a good (in some cases) 30–40 percent of traditional financial markets has made its way quite openly into the cryptocurrency arena. Exchanges like Kraken offer a place to make large sell intentions privately - so prices remain unaffected with large volume trades. Kraken has been offering this option since [2016](https://blog.kraken.com/post/236/).\n\n![10 Interesting Facts - Blog 02.png](https://cdn.steemitimages.com/DQmXNvkYB7TFs1kNSjuzXjVAwgVMCVnfyHHEmeyNHGiVbgp/10%20Interesting%20Facts%20-%20Blog%2002.png)\n\n# 6. Maybe check under the Robinhood\n4 million customer accounts, zero transaction fees. Since 2013 this interesting project has dealt in stock and options with the folk hero ethos. Since early this year they have launched a foray into cryptocurrency. Those seeking to join the merry men, be sure to know [the lay of the land in Sherwood Forest](https://d2ue93q3u507c2.cloudfront.net/assets/robinhood/legal/RHF%20PFO%20Disclosure.pdf).\n\n# 5. The State Exchange - China\nWith an implicit ban on Cryptocurrency - legal for the individual to hold, illegal for the institution and technically to trade. The state is looking to launch its own currency that could compete with Bitcoin. Where will this put the majority Bitcoin miners Bitmain? Time will tell… In the meantime, the CCID and CSTC (China Electronic Information Industry Development Research Institute and the China Software Testing Centre), have released the Global Public Chain Technology Assessment (GPCTA) [placing EOS, Ethereum and Komodo as 1,2 and 3 top coins](http://upload.ccidnet.com/2018/0817/1534469068127.jpg).\n\n# 4. Local Regulations and exchanges\nWhat might be legal tender in Japan might not be legal tender in America. Like many nations around the world America has defined cryptocurrency as 'property', in Australia a similar view means profits made by cryptocurrency are treated as [Capital Gains Tax (CGT) events](https://www.ato.gov.au/General/Gen/Tax-treatment-of-crypto-currencies-in-Australia---specifically-bitcoin/?page=2#Transacting_with_cryptocurrency).\n\nBitcoin is flat out illegal in Algeria, Egypt and Morocco - Northern Africa doesn't seem to be crypto friendly yet… [Saudi Arabia warns against cryptocurrencies](http://www.sama.gov.sa/en-US/News/Pages/news12082018.aspx) but there is a solitary Bitcoin ATM in Jubail.\n\nWhere cryptocurrencies and regulated exchanges are more the norm, there is still a lot of disagreement over whether they can be treated as currencies. In the EU for example there can be only one currency - The EU shut down EU member Estonia's attempt to introduce its own state-backed cryptocurrency called 'Estcoin'.\n\nA different story in non-EU European Economic Area countries, Switzerland and Lichtenstein. In Switzerland, south of Zurich, the city of Zug has been termed [\"Crypto Valley\"](https://cryptovalley.swiss/) home to the [Ethereum Foundation](https://www.ethereum.org/foundation), and Cardano. Which then leads to the next point…\n\n# 3. A possible peep into the future, Liechtenstein's Union Bank AG -\n> ['the world's first fully licensed and regulated bank to issue its own security tokens in alignment with Liechtenstein's >regulatory authority FMA and, subsequently, its Union Bank Payment Coin. The Union Bank Payment Coin will be a stable >coin that is fully backed by a fiat currency - e.g. the Swiss Franc.'](https://www.unionbankag.com/blockchain-banking/)\n>\n>—press release Union Bank AG.\n\n# 2. Off-line Vaults - Gemini (Latin for Twins)\nPerhaps the safest bet. The Winklevoss Twins cut up print outs of their private keys and stored them at multiple safety deposit boxes around the country. Their own virtual exchange Gemini is based on the same principles. You may know the Twins from the \"The Social Network,\" bested by Zuckerberg in the film, in reality they settled for $65 million worth of Facebook shares - which they promptly used to set up Gemini. Recently famous for [ETF awaiting approval](https://www.thegeminicompanies.com/registered-funds/etfs/) and [calling out Bill Gates to go short with Bitcoin](https://twitter.com/tylerwinklevoss/status/993582317842165760). The pair also competed in the pair coxless rowing in the 2008 Beijing Olympic games.\n\n# 1. Impossible Beast\nGiven the frontier and complex nature of the technology, there are many impossible combinations that come together for an exchange to work. From security to liquidity, to working with government tentative regulations and traditional models of finance - banks and fiats, it is almost an impossibility to see a fully functioning, operational, non-contentious exchange. It currently is… the impossible beast.\n![10 Interesting Facts - Blog 01.png](https://cdn.steemitimages.com/DQmUmXAUMTwBGLWvZUJhtWYhw3Cb4yZeNgDCJgK1DEKR5wj/10%20Interesting%20Facts%20-%20Blog%2001.png)\n\n# Where will Blockbid fit in this wild fascinating world of exchanges? Join us for soft launch to find out!\n\n## Be a part of where finance and fascination dance the dance.\n\n### For complete information, please visit [https://blockbid.io](https://blockbid.io)\n### Sign up for Early Access: [https://blockbid.io/beta](https://blockbid.io/beta)\n### Join the discussion: [https://t.me/Blockbid](https://t.me/Blockbid)",
      "json_metadata": "{\"tags\":[\"exchange\",\"cryptocurrency\",\"blockbid\",\"trivia\",\"impossiblebeast\"],\"image\":[\"https://cdn.steemitimages.com/DQmV5BwqtdCfVJvcTWR4jWSy8nBKwGnuvrr5NUXrpHZponH/10%20Interesting%20Facts.png\",\"https://cdn.steemitimages.com/DQmXNvkYB7TFs1kNSjuzXjVAwgVMCVnfyHHEmeyNHGiVbgp/10%20Interesting%20Facts%20-%20Blog%2002.png\",\"https://cdn.steemitimages.com/DQmUmXAUMTwBGLWvZUJhtWYhw3Cb4yZeNgDCJgK1DEKR5wj/10%20Interesting%20Facts%20-%20Blog%2001.png\"],\"links\":[\"http://pleaseprotectconsumers.org/\",\"https://www.coindesk.com/shapeshift-launches-new-membership-program-for-customers/\",\"https://www.coindesk.com/binance-partners-with-malta-to-launch-security-token-trading-platform/\",\"https://labs.binance.com/\",\"https://blog.kraken.com/post/236/\",\"https://d2ue93q3u507c2.cloudfront.net/assets/robinhood/legal/RHF%20PFO%20Disclosure.pdf\",\"http://upload.ccidnet.com/2018/0817/1534469068127.jpg\",\"https://www.ato.gov.au/General/Gen/Tax-treatment-of-crypto-currencies-in-Australia---specifically-bitcoin/?page=2#Transacting_with_cryptocurrency\",\"http://www.sama.gov.sa/en-US/News/Pages/news12082018.aspx\",\"https://cryptovalley.swiss/\",\"https://www.ethereum.org/foundation\",\"https://www.unionbankag.com/blockchain-banking/\",\"https://www.thegeminicompanies.com/registered-funds/etfs/\",\"https://twitter.com/tylerwinklevoss/status/993582317842165760\",\"https://blockbid.io\",\"https://blockbid.io/beta\",\"https://t.me/Blockbid\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "permlink": "sneak-preview-blockbid-ux-soft-launch-approaching",
      "title": "Sneak Preview — Blockbid UX… Soft Launch Approaching",
      "body": "![UI UX.png](https://cdn.steemitimages.com/DQma2e18adeXbHAd1rxVYwCLJ549BpjoL7yNzJ8dXgn2NBr/UI%20UX.png)\n<p>\n\n# You definitely saw it here first — \n\nThe sparkling, sleek and highly functional finish on our shiny new interface. Our good friends at [studio M A S S](http://www.studiomass.com.au/) have dropped a sneaky preview of how Blockbid will look across browser and mobile.\n\nFeast your eyes on a short animation of KYC process handling. Then have a closer look at the top-notch functionality on display with a few browser presentation and trading windows shots — it looks pretty…☟☟☟\n<p>\n\n[![INSTA1.png](https://cdn.steemitimages.com/DQmeWezqSAHtKnMPaux9xvYT6zdECzu8UtY1GJ95eZ6iTRc/INSTA1.png)](https://www.instagram.com/p/BniNkwBjUIC/?utm_source=ig_embed)\n\nClick the image above ☝︎ to check out more on Instagram.\n\nCredos to our Brand Wizard John Kappa, who has worked tirelessly to bring this deceptively simple, ‘beautiful beast’ of UX to life.\n\n![UI UX.png](https://cdn.steemitimages.com/DQmcHHBTD5aJD51BpaxPcnxor8e8n9898KebhwqcEhMp5bc/UI%20UX.png)\n<p>\n\n## ☟The mobile platform is looking particularly snazzy☟\n\n[![INSTA2.png](https://cdn.steemitimages.com/DQmYhLyiz6LxNUmWFCKhAFehXRoDnGCFeMg7WC35z5SAaAf/INSTA2.png)](https://www.instagram.com/p/BmKR-KRjJZ-/?utm_source=ig_embed)\n\nClick the image above ☝︎ to check out more on Instagram.\n\n<p>\n\n### But we’ve saved the biggest news for last.\n\n# Evolution.\n\n### These images are really just a snapshot of a work in progress.\n\nThe sophisticated power of the platform in our soft-beta is long steps beyond.\n\nFeast your eyes on the **‘back in black’**, highly functional, beginner to advanced cab, machine-creature below. A front row what to expect ringside at launch.\n\n# Introducing…\n<p>\n\n![UI UX.png](https://cdn.steemitimages.com/DQmSZ9yUeYGoGpni7fMgKynVGz5ptwDrHXRjS8Y1qAqmKu4/UI%20UX.png)\n\n# The Blockbid Interface \n\nFor complete information, please visit [https://blockbid.io](https://blockbid.io)\nSign up for Early Access: [https://blockbid.io/beta](https://blockbid.io/beta)\nJoin the discussion: [https://t.me/Blockbid](https://t.me/Blockbid)",
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      "permlink": "re-council-re-blockbid-7-things-to-know-about-ethereum-20180921t043941496z",
      "title": "",
      "body": "Thank you ☺️",
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      "title": "fossbot voter comment",
      "body": "I upvoted your post. \r\n\r\nBest regards,\r\n@Council\r\n\r\nPosted using https://Steeming.com condenser site.",
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      "title": "7 Things to Know About ≡ Ethereum",
      "body": "@@ -175,16 +175,18 @@\n ng)%0A%3Cp%3E \n+%0A%0A\n ## Read \n",
      "json_metadata": "{\"tags\":[\"ethereum\",\"blockbid\",\"bid\",\"dapp\",\"evm\"],\"image\":[\"https://cdn.steemitimages.com/DQmQpajX6ZXEKcxKw59NmvgGk7DrePyyRf2qwpCPyu7iwVH/7%20Things%20to%20Know%20About%20%E2%89%A1%20Ethereum.png\",\"https://cdn.steemitimages.com/DQmSxyA49mZtVag547WhySu29sgBKr1vCMJVRoNm17GPkvQ/7%20Things%20to%20Know%20About%20%E2%89%A1%20Ethereum.png\",\"https://cdn.steemitimages.com/DQmaceTjMuSAmpz6ntSLv9cQdJssLYUR4oh8E3pSaTp3sPX/7%20Things%20to%20Know%20About%20%E2%89%A1%20Ethereum.png\",\"https://cdn.steemitimages.com/DQmbJdQ2exCKbNK19J9bdSc1fuNooLptdxPx7PvAHACR7Uh/7%20Things%20to%20Know%20About%20%E2%89%A1%20Ethereum.png\"],\"links\":[\"https://github.com/CoinCulture/evm-tools/blob/master/analysis/guide.md\",\"https://storj.io/\",\"https://0xproject.com/\",\"https://forkdelta.app/\",\"https://www.augur.net/\",\"https://decentraland.org/\",\"https://www.cryptokitties.co/\",\"https://www.stateofthedapps.com/\",\"https://www.bloomberg.com/features/2017-the-ether-thief/\",\"https://aragon.org/\",\"https://etherscan.io/tokens\",\"https://www.w3.org/standards/\",\"https://www.reddit.com/r/ethereum/comments/68b9y3/why_is_ethereum_beimg_called_web_30/\",\"https://swarm-guide.readthedocs.io/en/latest/introduction.html\",\"https://github.com/ethereum/wiki/wiki/Whisper\",\"https://github.com/ethereum/wiki/wiki/White-Paper#philosophy\",\"https://www.ethereum.org/foundation\",\"https://blockbid.io/\",\"https://etherscan.io/token/0xf1f64f6b8e17dd68c1db10b0eed3d2541a6c09ab\",\"https://blockbid.io\",\"https://blockbid.io/beta\",\"https://t.me/Blockbid\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "permlink": "7-things-to-know-about-ethereum",
      "title": "7 Things to Know About ≡ Ethereum",
      "body": "@@ -171,16 +171,23 @@\n um.png)%0A\n+%3Cp%3E ## \n Read on \n@@ -272,16 +272,17 @@\n hereum%E2%80%A6%0A\n+%0A\n # 1. Sma\n@@ -1408,16 +1408,20 @@\n ckchain.\n+%0A%3Cp%3E\n %0A%0A!%5B7 Th\n@@ -3796,16 +3796,20 @@\n minutes.\n+%0A%3Cp%3E\n %0A%0A!%5B7 Th\n@@ -7804,16 +7804,20 @@\n ic code.\n+%0A%3Cp%3E\n %0A%0A!%5B7 Th\n",
      "json_metadata": "{\"tags\":[\"ethereum\",\"blockbid\",\"bid\",\"dapp\",\"evm\"],\"image\":[\"https://cdn.steemitimages.com/DQmQpajX6ZXEKcxKw59NmvgGk7DrePyyRf2qwpCPyu7iwVH/7%20Things%20to%20Know%20About%20%E2%89%A1%20Ethereum.png\",\"https://cdn.steemitimages.com/DQmSxyA49mZtVag547WhySu29sgBKr1vCMJVRoNm17GPkvQ/7%20Things%20to%20Know%20About%20%E2%89%A1%20Ethereum.png\",\"https://cdn.steemitimages.com/DQmaceTjMuSAmpz6ntSLv9cQdJssLYUR4oh8E3pSaTp3sPX/7%20Things%20to%20Know%20About%20%E2%89%A1%20Ethereum.png\",\"https://cdn.steemitimages.com/DQmbJdQ2exCKbNK19J9bdSc1fuNooLptdxPx7PvAHACR7Uh/7%20Things%20to%20Know%20About%20%E2%89%A1%20Ethereum.png\"],\"links\":[\"https://github.com/CoinCulture/evm-tools/blob/master/analysis/guide.md\",\"https://storj.io/\",\"https://0xproject.com/\",\"https://forkdelta.app/\",\"https://www.augur.net/\",\"https://decentraland.org/\",\"https://www.cryptokitties.co/\",\"https://www.stateofthedapps.com/\",\"https://www.bloomberg.com/features/2017-the-ether-thief/\",\"https://aragon.org/\",\"https://etherscan.io/tokens\",\"https://www.w3.org/standards/\",\"https://www.reddit.com/r/ethereum/comments/68b9y3/why_is_ethereum_beimg_called_web_30/\",\"https://swarm-guide.readthedocs.io/en/latest/introduction.html\",\"https://github.com/ethereum/wiki/wiki/Whisper\",\"https://github.com/ethereum/wiki/wiki/White-Paper#philosophy\",\"https://www.ethereum.org/foundation\",\"https://blockbid.io/\",\"https://etherscan.io/token/0xf1f64f6b8e17dd68c1db10b0eed3d2541a6c09ab\",\"https://blockbid.io\",\"https://blockbid.io/beta\",\"https://t.me/Blockbid\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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{
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      "parent_permlink": "ethereum",
      "author": "blockbid",
      "permlink": "7-things-to-know-about-ethereum",
      "title": "7 Things to Know About ≡ Ethereum",
      "body": "![7 Things to Know About ≡ Ethereum.png](https://cdn.steemitimages.com/DQmQpajX6ZXEKcxKw59NmvgGk7DrePyyRf2qwpCPyu7iwVH/7%20Things%20to%20Know%20About%20%E2%89%A1%20Ethereum.png)\nRead on crypto weary traveller for the 7 wonders of the ground breaking Blockchain, Ethereum…\n# 1. Smart Contracts\n\nEthereum is the system creator. It’s fundamental value exchange is the movement of Smart contracts. All the elements of a regular contract but fortified, expanded and enforced by Blockchain. Contracts with the very exact code specifying value and conditions for operation or execution.\n#### 🧠 Think — business contract in simple machine language. Contract as concept in trusted (enforced by the contract) environment.\n# 2. EVM\n\nEthereum Virtual Machine\n>“The EVM is a security oriented virtual machine, designed to permit untrusted code to be executed by a global network of >computers.“\n>\n>— https://github.com/CoinCulture/evm-tools/blob/master/analysis/guide.md\n\nThis magnificent piece of technology allows Ethereum nodes to run code incentivised and secured with Ethereum. The EVM can take compiled instructions from human-level code such as Solidity (JavaScript-like), Serpent (Python-like), or LLL (Lisp-like) and translate them to EVM bytecode (machine-level instructions). These instructions can then be run on the Ethereum network as DApps.\n#### 🧠 Think — language and instructions housed in Blockchain.\n\n![7 Things to Know About ≡ Ethereum.png](https://cdn.steemitimages.com/DQmSxyA49mZtVag547WhySu29sgBKr1vCMJVRoNm17GPkvQ/7%20Things%20to%20Know%20About%20%E2%89%A1%20Ethereum.png)\n\n# 3. DApps (Decentralised Applications)\n\nApplications — the once was wonder of the technological age — generally consist of a ‘front of house’ user interface and a back of house server where all the information resides for the front of house to work. Ethereum changes this arrangement up a bit.\n\n## Traditional Web Based Applications…\n\nA traditional web based application has a front end client and a back end server. Code up front and code in back chatting back and forth in JSON. All user interactions are hosted centrally. Often one quite vulnerable server hosts all of the action.\n\n## DApps — kind of the same…\n\nThe front end can still be maintained by our old friends CSS, HTML or JS, the back and forth is still JSON, but the back end language and host is decentralised Blockchain, in this case Ethereum.\n\nAll data for a DApp is hosted by the Blockchain network. With Ethereum that would be by about 25,000 nodes instead of 1 host.\n\n## State of the DApps\n\nFrom token based cloud storage [Storj](https://storj.io/); to trading protocols [0x](https://0xproject.com/); to whole exchanges [ForkDelta](https://forkdelta.app/) and prediction market/forecasting machines [Augur](https://www.augur.net/), to decentralised virtual worlds [Decentraland](https://decentraland.org/) and animals [CryptoKitties](https://www.cryptokitties.co/) — DApps are just getting started…\n\n[Curated list of the 1875 current DApps](https://www.stateofthedapps.com/)\n\n#### 🧠 Think — Traditional Application front of house with all of the hosting, source information (data) and processes (EVM) on a wide (and flexible) network.\n\n# 4. DAO\n\nDecentralised Autonomous Organisation.\n\nPut some smart contracts together and you have an organisation, with a governing code of conduct built into the Blockchain. Financial transactions and rules are held in Ethereum so there is no central authority, just a strict ledger enforcing the collective.\n\nCan be risky business, see [The Ether Thief](https://www.bloomberg.com/features/2017-the-ether-thief/), but also an incredible new way to structure organisations, see [Aragon](https://aragon.org/).\n\n#### 🧠 Think — Virtual collective, egalitarian framework, Blockchain meeting minutes.\n\n![7 Things to Know About ≡ Ethereum.png](https://cdn.steemitimages.com/DQmaceTjMuSAmpz6ntSLv9cQdJssLYUR4oh8E3pSaTp3sPX/7%20Things%20to%20Know%20About%20%E2%89%A1%20Ethereum.png)\n\n# 5. Tokens — ERC20\n\nThe protocol of choice for most tokens, ERC 20 stands for Ethereum Request for Comment — 20 is the number of the request. There are almost [120,000 ERC20 compliant tokens currently on the Ethereum Network](https://etherscan.io/tokens).\n\n**To be ERC20 compliant a token must have 5 mandatory standards;**\n  * **totalSupply** — Identifies the total number of tokens\n  * **balanceOf** — Identifies the number of tokens a user has\n  * **Transfer** — Allows transfer of tokens from the original supply\n  * **transferFrom** — Allows the transfer of tokens between users\n  * **Approve** — Checks transactions against the overall supply of tokens\n  * **Allowance** — Checks that a user has sufficient tokens to make any transfer.\n\n**There are also three optional standards;**\n\n  * **Name** — Name of the token\n  * **Symbol **— usually a 3–4 letter code that represents the token in questions. eg. ‘ETC’ is the symbol for Ether\n  * **Decimal** — Number of decimal places a token can be traded to.\n\n#### 🧠 Think — The standard for releasing tokens on the Ethereum chain. Highly dynamic mechanism, great for raising capital and advancing ideas — be wary of misuse.\n\n# 6. Web 3.0\n\nDApps and Ethereum style blockchain are poised to be the backbone of the next wave of internet protocol. Issues with centralised back-end: such as hacks, server failures and security, have been a bit of a problem for some time now.\n\nAs the almost mythical horizon of Web 3.0 (Even the W3C standards are yet to incorporate Blockchain or machine learning… [W3C standards](https://www.w3.org/standards/)) materialises many people are putting forward DApps as a fundamental layer of the next version of the internet.\n\n### Others are even going so far to say [Ethereum is Web 3.0](https://www.reddit.com/r/ethereum/comments/68b9y3/why_is_ethereum_beimg_called_web_30/)\n\nSee also [Swarm](https://swarm-guide.readthedocs.io/en/latest/introduction.html) and [Whisper](https://github.com/ethereum/wiki/wiki/Whisper)\n\n#### 🧠 Think — widespread adoption of useful technology forms a new base layer infrastructure.\n\n# 7. Philosophy\n\nIn the spirit of the Ethereum Blockchain, the core philosophy of the platform is the jewel in it’s crown — large ideas, set out eloquently. Here are some summary sentence quotes for you:\n\n## Simplicity\n\n>[‘the Ethereum protocol should be as simple as possible, even at the cost of some data storage or time inefficiency’](https://github.com/ethereum/wiki/wiki/White-Paper#philosophy)\n\n## Universality\n\n>[‘Ethereum provides an internal Turing-complete scripting language, which a programmer can use to construct any smart contract or transaction type that can be mathematically defined’](https://github.com/ethereum/wiki/wiki/White-Paper#philosophy)\n\n## Modularity\n\n>[‘…our goal is to create a program where if one was to make a small protocol modification in one place, the application stack would continue to function without any further modification.’](https://github.com/ethereum/wiki/wiki/White-Paper#philosophy)\n\n## Agility\n\n>[‘Computational tests later on in the development process may lead us to discover that certain modifications, e.g. to the protocol architecture or to the Ethereum Virtual Machine (EVM), will substantially improve scalability or security. If any such opportunities are found, we will exploit them.’](https://github.com/ethereum/wiki/wiki/White-Paper#philosophy)\n\n## Non-discrimination and non-censorship\n\n>[‘…the protocol should not attempt to actively restrict or prevent specific categories of usage.’](https://github.com/ethereum/wiki/wiki/White-Paper#philosophy)\n\nSounds utopian. Sounds like a mission statement for UN 3.0. No wonder there is an [Ethereum Foundation](https://www.ethereum.org/foundation).\n\n#### 🧠 Think — Future-forward idealism with savagely pragmatic code.\n\n![7 Things to Know About ≡ Ethereum.png](https://cdn.steemitimages.com/DQmbJdQ2exCKbNK19J9bdSc1fuNooLptdxPx7PvAHACR7Uh/7%20Things%20to%20Know%20About%20%E2%89%A1%20Ethereum.png)\n\n# 7 Wonders\n\nThe Ethereum platform has contributed so much to the world of Blockchain.\n\nThese 7 wonders really only just scratch the surface.\n\n## [Blockbid](https://blockbid.io/)’s own ERC20, [BID](https://etherscan.io/token/0xf1f64f6b8e17dd68c1db10b0eed3d2541a6c09ab) will be available from Live Trading Launch on the 28th of September.\n\nFor complete information, please visit [https://blockbid.io](https://blockbid.io)\nSign up for Early Access: [https://blockbid.io/beta](https://blockbid.io/beta)\nJoin the discussion: [https://t.me/Blockbid](https://t.me/Blockbid)",
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      "body": "![consensus.png](https://cdn.steemitimages.com/DQmVaSWy5mtBWy9JT9xRsdkBNgjGzKuUh3DcBFBBZu8AFFa/consensus.png)\n*The handshake of finality makes the world go round.*\n\n# Consensus.\n\nA gigantic word in cryptocurrency. It influences and sets everything from security and decentralisation to speed and environmental friendliness. It is the essential algorithm that checks the Blockchain — it is the keeper of the truth.\n\nDespite this key importance, it is still very misunderstood.\n\n# What is a Consensus Algorithm?\n\nA consensus algorithm is a process used to achieve agreement on a single data value among distributed processes or systems. In Blockchain, these algorithms work as instructions to allow the network to validate and confirm transactions on the Blockchain.\n\n# Where does Consensus Fit on the Blockchain?\n## Let’s consider a typical transaction.\n\n**1. User requests a transaction —** A user requests a value change in the network. This could be a trading value, stored data, contracts, etc.\n\n**2. The transaction is submitted to the Network —** The network nodes check with their own copies of the chain. The scale of the network and where this change is checked depends on the inbuilt rules of the chain.\n\n**3. Transaction validation —** The network either validates the transaction or kicks it out. Again, depending on the Blockchain, this is generally where most of the consensus algorithm work is done. The user asks the nodes of the network to say yes or no to the new Information. Different rules will apply to different Blockchains as to how this is handled. Different nodes might have different opinions, the consensus algorithm is the instrument that overcomes these differences and achieves a network endorsed value on the ledger.\n\n**3. Block Creation—** The transaction is added to the current ‘block’ of transactions. In both of the popular models for consensus PoW and PoS (covered below) nodes must prove themselves to then facilitate this function. Here older blocks are compared against newer blocks in the hash chain. This block of transactions is then mathematically ‘chained’ to older blocks of transactions.\n\n**4. Block Validation—** The transaction is confirmed. Finality is achieved with the user requested change becoming a confirmed part of the chain. At this point the underlying Blockchain algorithm will often reward the validator for their service to the network, in the case of Bitcoin with an amount of coin. In this sequence depending on the Blockchain and the rules set up in it’s code, the consensus algorithm operates at points from transaction validation, to block creation and block validation. At each of these points the nodes check in with their own copy of the Blockchain and use algorithmic instructions to form consensus.\n\n# Proof\n\nBlockchain nodes must prove themselves worthy to validate and perpetuate the chain.\n\nThere are many different ways built in code to achieve this, but the two main working models are ***PoW*** and ***PoS*** .\n\nBetween the two they currently hold a rough 70/30 split in the market.\n\n# PoW - Proof of Work\nThe original algorithm, the Bitcoin Blockchain consensus algorithm, PoW relies on nodes 'working' to prove themselves. The 'work' is usually achieved by mining. Mining is a competition to solve a complex computational problem, generally the node that solves the problem, gets the right to propose the next block. The network of nodes will then check the solution of the competition and the validity of the block, if it all checks out the successful miner will get the Bitcoins created out of this process.\n### Coins:\n[Bitcoin](https://en.bitcoin.it/wiki/Proof_of_work), [Ethereum (Moved to PoS)](https://ethereumworldnews.com/vitalik-buterin-every-blockchain-sucks/), [Litecoin (another Hybrid)](http://litecoinplus.co/#about) [XMR](https://getmonero.org/technical-specs/)… Most Blockchain currently (approx. 70%)\n### Summary:\nMiners use hardware to solve hard computational problems to compete for the chance to create new blocks and tokens.\n### Positives ➕\nIt works. It is tried and tested. Top-notch integrity.\n### Negatives ➖\nEnergy consumption, slow and prone to 51% attacks.\n### Point of Contention: Energy Use\n\nBitcoin using a PoW consensus, for example, consumes 61.4 TWh annually (April 2018), compared to an Australian annual national average consumption of 224 TWh (estimate for 2014). That’s more annual power consumption than than countries like Switzerland, Singapore and Columbia.\n\n# PoS — Proof of Stake\nProof of stake relies on nodes putting forward a stake in the chain. The stake is mostly tokens held as stake. The higher the stake, the more likely the consensus algorithm will pick that node for a chance to validate the block. The main benefit to this model is it’s lighter approach to Proof. There is no mining and all tokens that exist, exist from day one of the chain.\n\n### Coins:\n[Ethereum](https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQs), [Decred](https://docs.decred.org/mining/proof-of-stake/), [PIVX](https://pivx.org/coin-specs/)… (the other 30%)\n### Summary:\nBlockchain participants with the most stake — time and token — are selected by algorithm for the right to propose the next block.\n### Positives ➕\nExpensive to disrupt or attack, decentralised, low energy consumption and fast.\n### Negatives ➖\nNothing to lose if a validator/stakeholder backs the wrong chain.\n### Point of Contention: Nothing to Lose / Nothing at Stake\nThe darkness at the heart of PoS is where there is actually nothing at stake for a malicious node or stakeholder to propose or endorse a version of the chain that is not the right one.\n\nEthereum has recently updated it’s core code with ***[Casper](https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQs) ***— a move towards addressing Nothing at Stake — prescribing harsh penalties for going against the chain.\n\n# Proof of ‘X’\n\nBeyond the main two types of consensus modelling, a whole range of proof algorithms exist. Below are three other varieties usually built on the structures of PoW or PoS, with different ways of approaching ‘proof’.\n\n# DPoS — Delegated Proof of Stake\n### Coins:\n[EOS](https://github.com/EOSIO/Documentation/blob/master/TechnicalWhitePaper.md#consensus-algorithm-bft-dpos), [Steemit](https://steem.io/steem-bluepaper.pdf), [BitShares](https://bitshares.org/technology/delegated-proof-of-stake-consensus/)\n### Summary:\nEach token has inbuilt voting power. Token holders vote for nodes to have the right to mine/validate.\n### Positives➕\nDemocratic, scalable, fast and cheap.\n### Negatives ➖\nCentralised.\n\n# PoA — Proof of Authority\n### Coins:\n[Kovan](https://github.com/kovan-testnet/proposal), [Rinkeby](https://blog.enuma.io/update/2017/08/29/proof-of-authority-ethereum-networks.html) and [POA Network](https://poa.network/)\n### Summary:\nBlockchain with system administrators, identity as stake.\n### Positives➕\nGreat for private networks needing high throughput.\n### Negatives➖\nHIGHLY CENTRALIZED.\n\n# Proof of Time, Proof of Space, Proof of Spacetime…\n### Coins:\n[Filecoin (Proof of Replication & Proof of Spacetime)](https://filecoin.io/filecoin.pdf), [Chia](https://chia.net/faq/)\n### Summary:\nStake goes beyond token and identity and uses another relative measurement (space or IPFS data for example) to suggest which node gets to propose the next block.\n### Positives➕\nCustomisable to the relative measurement.\n### Negatives➖\nGenerally hard to create incentive. Can become centralised and committee dominated.\n\n# World of Consensus\n\nThese models are a sample of the possible ways consensus algorithms can operate in the Blockchain. The means to achieve consensus is as varied and as vibrant as the Blockchain itself and with each different expression and application comes new possibilities.\n\n# Explore the world of consensus [https://blockbid.io/](https://blockbid.io/)\n\n![Blockbid Blue(2).jpg](https://cdn.steemitimages.com/DQmX5S57B244LvXRV9EvTH4WhJs3tEFLJaXf3WSda8AvQgx/Blockbid%20Blue(2).jpg)\nTrade with Confidence.",
      "json_metadata": "{\"tags\":[\"consensus\",\"blockbid\",\"pow\",\"pos\",\"blockchain\"],\"image\":[\"https://cdn.steemitimages.com/DQmVaSWy5mtBWy9JT9xRsdkBNgjGzKuUh3DcBFBBZu8AFFa/consensus.png\",\"https://cdn.steemitimages.com/DQmX5S57B244LvXRV9EvTH4WhJs3tEFLJaXf3WSda8AvQgx/Blockbid%20Blue(2).jpg\"],\"links\":[\"https://en.bitcoin.it/wiki/Proof_of_work\",\"https://ethereumworldnews.com/vitalik-buterin-every-blockchain-sucks/\",\"http://litecoinplus.co/#about\",\"https://getmonero.org/technical-specs/\",\"https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQs\",\"https://docs.decred.org/mining/proof-of-stake/\",\"https://pivx.org/coin-specs/\",\"https://github.com/EOSIO/Documentation/blob/master/TechnicalWhitePaper.md#consensus-algorithm-bft-dpos\",\"https://steem.io/steem-bluepaper.pdf\",\"https://bitshares.org/technology/delegated-proof-of-stake-consensus/\",\"https://github.com/kovan-testnet/proposal\",\"https://blog.enuma.io/update/2017/08/29/proof-of-authority-ethereum-networks.html\",\"https://poa.network/\",\"https://filecoin.io/filecoin.pdf\",\"https://chia.net/faq/\",\"https://blockbid.io/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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    {
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      "parent_permlink": "blockchain",
      "author": "blockbid",
      "permlink": "ripple-ripple-xrp",
      "title": "Ripple Ripple (XRP)",
      "body": "@@ -1,19 +1,18 @@\n !%5Bripp\n-p\n le_ripple.pn\n@@ -51,58 +51,57 @@\n /DQm\n-NTwqsWwFk8cNupeizsDn8KSozw7PgUB7pAWPQz8P6Tko\n+dvyQDTpKEzDr6Tj583JZfVRGeo1D7GznGtZz4KWsGDWJ\n /ripp\n-p\n le_r\n",
      "json_metadata": "{\"tags\":[\"blockchain\",\"ripple\",\"cryptocurrency\",\"finance\",\"blockbid\"],\"image\":[\"https://cdn.steemitimages.com/DQmdvyQDTpKEzDr6Tj583JZfVRGeo1D7GznGtZz4KWsGDWJ/ripple_ripple.png\",\"https://cdn.steemitimages.com/DQmVhcCr4Kdo2Kx4VT3KC9sj7pEkhbrisDmowUx4ChtQ9t4/Differences-XRP-Ripple-chart_Insights-05.png\",\"https://cdn.steemitimages.com/DQmX5S57B244LvXRV9EvTH4WhJs3tEFLJaXf3WSda8AvQgx/Blockbid%20Blue(2).jpg\"],\"links\":[\"https://ripple.com/files/ripplenet_brochure.pdf\",\"https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/\",\"https://ripple.com/insights/the-inherently-decentralized-nature-of-xrp-ledger/\",\"https://blockbid.io//\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "parent_permlink": "blockchain",
      "author": "blockbid",
      "permlink": "ripple-ripple-xrp",
      "title": "Ripple Ripple (XRP)",
      "body": "@@ -1895,14 +1895,102 @@\n  in \n+%5B\n escrow\n+%5D(https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/)\n  to \n",
      "json_metadata": "{\"tags\":[\"blockchain\",\"ripple\",\"cryptocurrency\",\"finance\",\"blockbid\"],\"image\":[\"https://cdn.steemitimages.com/DQmNTwqsWwFk8cNupeizsDn8KSozw7PgUB7pAWPQz8P6Tko/rippple_ripple.png\",\"https://cdn.steemitimages.com/DQmVhcCr4Kdo2Kx4VT3KC9sj7pEkhbrisDmowUx4ChtQ9t4/Differences-XRP-Ripple-chart_Insights-05.png\",\"https://cdn.steemitimages.com/DQmX5S57B244LvXRV9EvTH4WhJs3tEFLJaXf3WSda8AvQgx/Blockbid%20Blue(2).jpg\"],\"links\":[\"https://ripple.com/files/ripplenet_brochure.pdf\",\"https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/\",\"https://ripple.com/insights/the-inherently-decentralized-nature-of-xrp-ledger/\",\"https://blockbid.io//\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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{
  "trx_id": "cc714d1575a1db8f8893e47a04c0508dd6e16a1b",
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      "parent_author": "",
      "parent_permlink": "blockchain",
      "author": "blockbid",
      "permlink": "ripple-ripple-xrp",
      "title": "Ripple Ripple (XRP)",
      "body": "![rippple_ripple.png](https://cdn.steemitimages.com/DQmNTwqsWwFk8cNupeizsDn8KSozw7PgUB7pAWPQz8P6Tko/rippple_ripple.png)\n\n# When it comes to Ripple there is one major thing to understand…\n\nThere are two;\n\nRipple the Company and XRP (Ripple) the Cryptocurrency.\n\n# Ripple — The Company\n\nRipple the company makes global payment solutions for banks.\n\nAt time of writing they have three products;\n\n* **xCurrent** — settlement between banks — one that processes payments\n\n* **xRapid** — liquidity cost minimisation — one that sources liquidity\n\n* **xVia **— interface to [RippleNet](https://ripple.com/files/ripplenet_brochure.pdf) — one that makes payments\n\nOut of these three products, only one uses XRP (Ripple) the cryptocurrency.\n\nBut wait a minute you say, Ripple has 100’s of financial institution on board using their products, so there must be some correlation to XRP the currency?\n\nWell, yes, but — no.\n\nYes they do have lots of financial institution customers — and they are expanding all the time — but almost every customer is signed up for xCurrent, which doesn’t use XRP at all. Ripple the company’s main product does not use Ripple (XRP) the cryptocurrency at all.\n\nYes, the end goal might be the on sell or adoption of XRP. But for right now XRP is not the main focus, in fact XRP is only used in one product — xRapid (which cleverly has xRp in the title).\n\nAnd on xRapid (and XRP use with this product) Ripple has this to say:\n\n>“Financial institutions who use xRapid don’t need to hold XRP for an extended period of time. What’s more, XRP settles in >three to five seconds, which means financial institutions are exposed to limited volatility during the course of the >transaction.”\n>\n>— Ripple, FAQ xRapid\n\n# Ripple — The Cryptocurrency\n\nXRP is a cryptocurrency brought into existence by Ripple the company.\n\nRipple the company owns 60 billion XRP, of that 55 billion is locked up in escrow to be released slowly and predictably.\n\nXRP exists independently of the Ripple company — they are definitely connected, but separate.\n\nIf you are buying XRP you are not buying a share of Ripple the company and vice versa. But, they are connected… and Ripple the company is definitely invested in XRP…\n\n>“We partnered with Ripple because of their strength bringing financial institutions together. Ripple’s lockup of its 55 >billion XRP with a cryptographic supply schedule is a clear signal that they are serious about building and maintaining a >long-term, healthy ecosystem for XRP based applications,”\n>\n>— Mike Belshe, Co-founder & CEO of Bitgo.\n\n# The ‘Ripple’ effect\n\nRipple is open about what they are as a company and what XRP is as a cryptocurrency, see the below infographic from Ripple.\n\n![Differences-XRP-Ripple-chart_Insights-05.png](https://cdn.steemitimages.com/DQmVhcCr4Kdo2Kx4VT3KC9sj7pEkhbrisDmowUx4ChtQ9t4/Differences-XRP-Ripple-chart_Insights-05.png)\n\n*Ripple infographic courtesy of Ripple* \n\nRipple is also really open about how they see the Company and Cryptocurrency working in the larger world and it’s really quite simple — Ripple the company is in the business of bank payment solutions, with a related, but not make or break cryptocurrency as part of its solutions.\n\nSee David Schwartz’s take on XRP and [decentralisation](https://ripple.com/insights/the-inherently-decentralized-nature-of-xrp-ledger/).\n\nFrom this open position, all kinds of wild and interesting hype surround the company and the coin.\n\nRipple is a very good example of the sometimes disconnect between company, currency and connected technology. The Ripple and XRP relationship remains a valuable lesson in doing your research on any token before purchase, all of the information is there, in double.\n\nXRP will be available to trade https://blockbid.io//\n\n![Blockbid Blue(2).jpg](https://cdn.steemitimages.com/DQmX5S57B244LvXRV9EvTH4WhJs3tEFLJaXf3WSda8AvQgx/Blockbid%20Blue(2).jpg)",
      "json_metadata": "{\"tags\":[\"blockchain\",\"ripple\",\"cryptocurrency\",\"finance\",\"blockbid\"],\"image\":[\"https://cdn.steemitimages.com/DQmNTwqsWwFk8cNupeizsDn8KSozw7PgUB7pAWPQz8P6Tko/rippple_ripple.png\",\"https://cdn.steemitimages.com/DQmVhcCr4Kdo2Kx4VT3KC9sj7pEkhbrisDmowUx4ChtQ9t4/Differences-XRP-Ripple-chart_Insights-05.png\",\"https://cdn.steemitimages.com/DQmX5S57B244LvXRV9EvTH4WhJs3tEFLJaXf3WSda8AvQgx/Blockbid%20Blue(2).jpg\"],\"links\":[\"https://ripple.com/files/ripplenet_brochure.pdf\",\"https://ripple.com/insights/the-inherently-decentralized-nature-of-xrp-ledger/\",\"https://blockbid.io//\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "author": "coin.info",
      "permlink": "re-blockbid-5-basics-for-choosing-your-exchange-20180830t032108637z",
      "title": "",
      "body": "**Coins mentioned in post:**\n\nCoin | | Price (USD) | 📉 24h | 📈 7d\n- | - | - | - | -\n**BTC** | Bitcoin | 7020.114$ | _-0.51%_ | _9.3%_\n**DASH** | Dash | 183.346$ | _-4.21%_ | _33.53%_\n**ETH** | Ethereum | 287.245$ | _-2.14%_ | _5.12%_\n**LTC** | Litecoin | 61.060$ | _-1.72%_ | _10.61%_\n**XRP** | XRP | 0.341$ | _-1.92%_ | _5.61%_",
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      "author": "blockbid",
      "permlink": "5-basics-for-choosing-your-exchange",
      "title": "5 Basics for Choosing Your Exchange",
      "body": "@@ -1361,16 +1361,17 @@\n pproach.\n+ \n %3Cstrong%3E\n",
      "json_metadata": "{\"tags\":[\"exchanges\",\"bitcoin\",\"blockbid\",\"trade\",\"choice\"],\"image\":[\"https://cdn.steemitimages.com/DQmSRJuAWmhoZdGrjkUbrp9y33EpopkXEwYZurhbchQEb9z/takahiro-sakamoto-178580-unsplash.jpg\",\"https://cdn.steemitimages.com/DQmX5S57B244LvXRV9EvTH4WhJs3tEFLJaXf3WSda8AvQgx/Blockbid%20Blue(2).jpg\"],\"links\":[\"https://blockbid.io/\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "permlink": "5-basics-for-choosing-your-exchange",
      "title": "5 Basics for Choosing Your Exchange",
      "body": "@@ -109,19 +109,18 @@\n ash.jpg%0A\n-%3Cp%3E\n+# \n 5 Basics\n",
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