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      "author": "steemitboard",
      "permlink": "steemitboard-notify-cryptounmasked-20200301t011902000z",
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      "body": "Congratulations @cryptounmasked! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@cryptounmasked/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/@cryptounmasked) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=cryptounmasked)_</sub>\n\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!",
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      "body": "Congratulations @cryptounmasked! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@cryptounmasked/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_[Click here to view your Board](https://steemitboard.com/@cryptounmasked)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/carnival/@steemitboard/carnival-2019\"><img src=\"https://steemitimages.com/64x128/http://i.cubeupload.com/rltzHT.png\"></a></td><td><a href=\"https://steemit.com/carnival/@steemitboard/carnival-2019\">Carnival Challenge - Collect badge and win 5 STEEM</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) and get one more award and increased upvotes!",
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      "parent_permlink": "decentralizedexchanges",
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      "title": "Decentralized – Know The Future Decentralized Exchanges Explained Why we need it?",
      "body": "**Decentralized – Know The Future**\n=\n-------------------------------------------------\nThe ideas of liberty and Decentralization were the ideas of freedom which first came into existence during the 20th century. The ideas originated among the few people who had the courage to challenge state politics. They called themselves decentralists. \nI would like to ask you what Freedom means to you? Just a word to express your free status in society or is it more than that? The question is what do you want to be free from? Is it the boundaries that are holding you from expressing yourself for centuries or is it the society which is being setup by a few powerful anti anarchists who call themselves leaders?\n\nLook around and ask yourself are you free? Are you free from regulations that govern you? Are you free to spend your money that you made dragging your ass whole day around the corners of this system? \nIf you have the answer, then you are not free. Freedom was coined to express the idea of Decentralization that is free from governing bodies, the idea of free society in which power is distributed among us, we the people.\n\nThe world you see around is independent, you get the choice to elect your leaders to govern the society, to run the country but is that decentralization? At the end of the system there are state or privately controlled banks governing how you spend your earned money.\nWhat if we get the chance to remove banks from the system? Some of you might argue that this society can’t work without a central authority to control money flow. What if I answer, it is possible to achieve complete freedom, complete decentralization?\n\n**Decentralization – The need**\n=\n-------------------------------------------------\n\n\nDisclaimer – I am not drunk while writing this, this article might seem drunk decentralist to some but I am trying to share my views of this society because my ancestors earned the Right to Express from the state for me.\n\nThis is how it works, you participate in elections of your state to elect the government with the motive to run the state and to maintain the rights of the society. The same state also has a major function that is to run state banks, which are state owned. The major role of those banks are to keep an eye on the money flow i.e. to keep a check on assets transfer or exchange via fiat currencies. Those banks also charge you some amount of your money as transaction fee in the name of maintaining the system.\nWhat if I get the option not to involve the banks and perform peer-to-peer i.e. direct transfer of assets or exchange?\n\n**Cryptocurrencies are making it possible.**\n\n**Cryptocurrencies – The fork of change**\n=\n-------------------------------------------------\n\nThe idea that is reshaping the society for betterment, a society void of central authority, completely decentralized. \nCryptocurrencies are digital currencies that inherit the properties of blockchain technology and can be used as fiat currencies for transfer of assets or practically anything. \nYou can use cryptocurrency exchanges to exchange or transfer currencies without involving your bank or paying outrageous fee in the name of transaction charges.\n\nStop there! Read the previous sentence again I mentioned exchanges. Your brain should have asked you by now who runs these exchanges, aren’t they other form of banks.\n\nBefore I come to the important part look at the list below.\n\n**Centralized**                                                                                          \n=\n-------------------------\nBinance https://www.binance.com/\nBitmex https://www.bitmex.com\nBitfinex https://www.bitfinex.com/\nBittrex https://bittrex.com/\nPoloniex https://poloniex.com/\nBibox https://www.bibox.com/\n---------------------------------------------\n**Decentralized**\n=\n------------------------\nDistrict0x https://district0x.io/\nAltcoin.io https://altcoin.io/ \nAirswap.io https://www.airswap.io/\nOmega.one https://omega.one/\n0x Project https://0xproject.com/\nBisq Network https://bisq.network/\nKyber Network https://kyber.network/\nBinance BNB Token https://www.binance.com/resources/ico/Binance_WhitePaper_en.pdf\n-------------------------------------------------\n**Note**- All exchanges listed above have been used by me. There is a long list of centralized exchanges using them is subject of choice. I don’t recommend or promote any exchange. Few listed decentralized exchanges are still under the development phase.\n\n**Centralized Exchanges – Why are you against us?**\n=\n------------------------------------------------\n\nSince the beginning of cryptocurrencies, exchanges exist all together in this global structure of cryptocurrencies. So what is the role of these exchanges? Like any other economic structure there has to be a medium that allows users to perform transactions or exchange assets.\nAbove listed centralized institutions are few examples of such structures that allow users to transact or exchange currencies and in return they charge transaction fees to provide and maintain the infrastructure. \n\nYes! you can think of these exchanges as the same as modern banks which act as a medium of daily cryptocurrencies transfer. They also play a very important role in deciding the price of cryptocurrencies that completely depends on liquidity and volume of cryptocurrencies in a particular exchange. What might strike you as strange is that you will notice that different exchanges will have different prices for the same cryptocurrency.  \n\nAt the end these exchanges also have to work according to their native country laws, now think of a situation in which you have the option to buy cryptocurrency BITCOIN (BTC) from a particular exchange. Look at the situation below.\n\n\n**NOTE**- It is very important to remember that the prices of cryptocurrencies are volatile they have a price because we people believe that they have a price, cryptocurrencies are not backed up by any physical resource, few exceptions are there like Tether (USDT) *Backed up by U.S dollar.\n\nAt the beginning when the structure of cryptocurrency was designed I understood that Miners will verify the transactions in the system in return they will get bitcoins as reward, which can be added again into the system against fiat to increase the volume. But now the situation is different many of these exchanges act as brokers, with the increase in demand they have full control to halt trade or to bulk buy cryptocurrency, now in the situation where you have the option to buy cryptocurrency from only one particular exchange you eventually have to pay more price for your purchase or exchange.\n\nThese exchanges act as central authority to control or govern the flow of cryptocurrencies with full control over trade which is a huge problem in this decentralized world of cryptocurrencies. \n\n**We have other major problems – Centralized exchanges**\n=\n-----------------------------------------------------\n\nWith full control over trade and volume of cryptocurrencies what if these exchanges jeopardise security. It has happened in the past.\nThere is a long list of these hacks that took away millions.\n\no\t**March 2014- Mt. Gox**\nOnce upon a time there was a giant named Mt Gox, it was the largest bitcoin exchange and till date the most infamous. In total about $473 million worth of bitcoins was stolen from exchange over several years. It was a nuclear disaster in the world of cryptocurrencies, even after declaring bankruptcy and protection against creditors in February 2014, it is still haunting the cryptocurrency world.\n\no\t**January 2015- Bitstamp exchange**\nWithin a year of Mt Gox disaster another exchange lost $5.1 million when one of its administrator of hot wallet, downloaded a file from a phishing source.\n\no\t**August 2016 – Bitfinex**\nOn august 2, 2016 Bitfinex announced the security breach in their multi signature withdrawal system in which they collaborated with another company called Bit-go to sign the transactions before complete closure. Hackers managed to hack into bitfinex servers where they stole $66 million worth of Bitcoin from their hot wallets. In this vulnerability hackers managed to make Bit-go co-sign illegal withdrawals.\n\no\t**January 2018 – Coincheck**\nThe Japanese giant became a victim and lost $530 million in hack, biggest in the history of cryptocurrency. Coincheck kept currencies in their hot wallets which were connected to external networks. At the end coincheck managed to refund users using their own funds.\n\nThe whole point of mentioning this is to grab your attention towards the centralized structure of these exchanges that are being handled by central servers and security breaches that can cause loss in millions, billions even. Also centrally governed structures cause manipulation in the cryptocurrency world. \n\nTether (USDT) is famous due to its links with the major cryptocurrency exchange Bitfinex. They came into news lately when Unites states regulators Subpoenaed Bitfinex and Tether. Know the complete story here.\nhttps://youtu.be/XmoUW0aUTds\n\n**Time for Complete Decentralization**\n=\n----------------------------------------------------\n\nI became an addict for the change because I believe that blockchain and cryptocurrencies can bring change in this society and can free us from financial slavery.\nBelieve it we all are victims of this fraud, that financial institutions and banks forged using our vulnerability to follow the system.\n\nThe whole idea of decentralized exchanges is to enable peer- to peer transactions. User to user ability to transfer funds. What confuses me is that if I need to pay someone why would I have to involve a 3rd party to process my transaction? I can pay directly. The same idea can be used to create a complete decentralized system in which no 3rd party will be involved to process transactions. \n\nThe debate is that centralized exchanges form rigid structures and create a platform for multi level trading that can be a challenge in decentralized exchanges. But, decentralized exchanges come with many benefits. \n**1-\tFull control over funds- Only the end user will be in control of funds as no central authority is involved.**\n**2-\tIf there are no central managing bodies hacks can be minimised to zero.**\n**3-\tThere will be no risk to server or downtime.**\n\n\n\n\nThere are many exchanges that are active and completely decentralized and many more are under development.\n\nNow I ask you what do you think should be the future? In the world of cryptocurrencies and blockchain would you like to get rid of this financial slavery? Would you take the stand and contribute to the system that will be free of any central authority? **Be the future – Decentralized.**",
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      "title": "Is our only motive to change the banking system or to decentralize the world?",
      "body": "# Is our only motive to change the banking system or to decentralize the world?\n---------------------------------------------------------------------------------------------------------\n\n**Sir Isaac newton** proposed in his Third book of Opticks (1718) that there exists a medium that is allowing electromagnetic and gravitational waves to travel through and named it aether. Later in the19th century many physicists experimented to prove the existence of aether most famous among them was the Michelson–Morley experiment, but it failed.\n\nNo this is not a science fiction article, I am coming to my point, my whole purpose to shed light on this forgotten science theory is to bring to your notice that Vitalik Buterin, a cryptocurrency expert choose the name Ethereum for cryptocurrency that is going to change the way we look at today’s world.\n\n# Ethereum – I am here for something big\n--------------------------------------------------------\n\nI would not bore you by talking about history of Bitcoin (BTC) and how Satoshi Nakamoto (an unknown individual or group) implemented years old technology of Proof of Work to make a digital currency with the help of blockchain technology that is grabbing attention of everyone nowadays.\n\nToday I am going to talk about a young developer Vitalik Buterin who looked at blockchain from different perspective and proposed the idea of building decentralized applications in the year 2013.\n\nHe proposed the platform that will allow developers to build decentralized applications and called them dApps. He picked the name Ethereum with token name Ether (cryptocurrency used in Ethereum network) derived from Aether with an idea to allow developers to pass their applications through decentralized environment that’s exactly what hypothetically Aether does with electromagnetic and gravitational waves.\n\nEthreum came into existence on 30th July 2015 with 11.9 million Ethers (a token that has been used in Ethereum network) pre mined. This all happened after a Swiss non-profit company,  Ethereum Switzerland GmbH(EthSuisse) developed the Ethereum core which was funded by crowd sale in which participants bought Ethers in exchange for the other cryptocurrency , Bitcoin.\n\nEthereum project is completely based on blockchain infrastructure and inherited all its properties with some tweaks to make it versatile enough to allow developers to build their own applications on platforms according to their goals.\n\n# What am I – Ethereum\n---------------------------------\n\nThink of a world that is self-driven, you are going to start your day with a visit to your favourite coffee shop and pay in virtual currency token, going to call a cab that will be driverless fully automated and you can pay in another virtual currency token. After spending a hard working day in your office at the end who doesn’t want to grab a couple of beers with friends and you can pay in virtual currency token again. At the end of the week you are going to get paid but again in virtual currency token, soon this is how you are going to spend your life. It is becoming a reality and believe it, that Ethereum started this change and will lead the family of new generation of cryptocurrencies known as Alternative coins (Altcoin).\n\nNow the question is who is going to issue those cryptocurrencies, what if I say that anybody can build and issue their own cryptocurrency using a platform that Ethereum offers known as Ethereum virtual machine (EVM).\n\n# Ethereum virtual machine (EVM)\n---------------------------------------------\nEthereum introduced an environment that can run a code or set of instructions to execute the operation without any alteration or doubt of failing, that anybody can design according to their needs. Think it as a system on which you can design your application to perform any task for any need to execute computer codes on a blockchain. To make it simple to understand you can actually design your application and issue your cryptocurrency but you don’t have to take the pain of designing the whole blockchain system, you can utilise the infrastructure that Ethereum offers and the best part is that every application is independent and can perform without any alteration, dependence and third party interference. This all is becoming possible with the help of another smart idea known as Smart Contracts.\n\n-----------------------------------------------------------------------------------------------------------------------------------------------------------------\n![Infographic-Ethereum-Tokens-1.png](https://steemitimages.com/DQmTqmrRL4AbKxCeqZ6yaH1hZhhAFvgxudmFtR7oRmmwYn3/Infographic-Ethereum-Tokens-1.png)\n----------------------------------------------------------------------------------------------------------------------------------------------------------------\n# Smart Contract\n-------------------------\n\nFor those who don’t understand blockchain, imagine a world of computers connected with each other forming a distributed network and each one of them performing the same task to contribute to the network, we call them nodes.\n\nhttps://www.pwc.com/us/en/financial-services/research-institute/assets/pwc-fsi-top-for-2017-web-blockchain.png\n\nhttps://cdn-images-1.medium.com/max/1200/1*ueLhp4JDhl8MS2qadYxlgA.jpeg\n\nNow Smart Contract is a self-operating program that runs on a blockchain to execute the function for which it is designed but only when specific conditions are met.\nThis program can be designed to facilitate any operation like transfer of assets, content or practically anything that holds a value.\n\nBest part about Smart Contract is that it executes on every node of blockchain and that protects the system from any downtime, interference or a hacking attack.\n\nhttps://codebrahma.com/wp-content/uploads/2017/05/Smart-contracts-01.png\n\n# The Future is here – Be in it or be without it\n-------------------------------------------------------------\n\nAs of January 2018, there are about 250 dApps (decentralised apps) that are live and many more are in development that are being built on Ethereum infrastructure.\n\nEthereum is not alone, **Waves Platform** is another decentralized system which is developed by a company known as Waves Platform AG and published in 2016.\n\nWaves allows users to create their own cryptocurrency in its core software and wallet which is build around Scala programming language from scratch. Users can create trade and exchange blockchain tokens and have to pay transaction fees in native Waves token.\n\nIt works on Proof of Stake (POS) logic which is different from Ethereum’s Proof of Work (POW). And many experts believe that POS is better as it minimises the massive power needs of POW and also provides rigid structure against competitive mining operations. The whole system works on transaction fees which is negligible due to Smart Contacts as it is removing middlemen from the picture making it peer-to-peer type of infrastructure.\n\nI can’t imagine possibilities that these platforms can offer, think of an operating system that is working on blockchain, rather than using Mac OS or Windows you will be using decentralized computing system that will allow you to run decentralized apps and transactions will process in cryptocurrencies.\n\nIn one of the many scenarios one day we will be able to share our computing power to launch a satellite. **Yes, I ask you IS OUR ONLY MOTIVE TO CHANGE BANKING SYSTEM OR TO DECENTRALIZE THE WORLD?**",
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      "title": "Proof of Work Vs Proof of Stake",
      "body": "# Proof of Work Vs Proof of Stake\n--------------------------------------------\n![Screen Shot 2018-03-10 at 1.05.23 PM.png](https://steemitimages.com/DQmekDEHvJAaKtKQBLivXrcv7bk3BxQkr4wbHKhoW6b1kbK/Screen%20Shot%202018-03-10%20at%201.05.23%20PM.png)\n--------------------------------------------\n--------------------------------------------\n# Real deal – What is the science behind Cryptocurrencies?\n-----------------------------------------------------------------------------\n\nBelieve me, the list you are looking at took me 2 days to create, not because it is tough to find this information, I was busy drinking rather than sharing this important information with you people. But wait for a moment and look at the list again and realise that it is the list of a few Cryptocurrencies categorised under 3 categories but why is it important to know these categories? It will only take 10 minutes to know the answer, so here we go.\n\n# What’s the deal – Why should you know this?\n--------------------------------------------------------------\n\nTo understand what we are talking about you just need to know that Blockchain is the technology that is based on simple yet complex principle of combining blocks of information and making a decentralized and distributed structure. Look at the picture below to imagine what a Blockchain can look like.\n\n--------------------------------------------\n![pwc-fsi-top-for-2017-web-blockchain.png](https://steemitimages.com/DQmZdmSkR6bh6kj8XGwS4WE4UM383ZzirA8fVowqGrWiZwo/pwc-fsi-top-for-2017-web-blockchain.png)\n**Picture 1**\n-----------------------------------------------\n![i-796x409-1.jpg](https://steemitimages.com/DQmXZKz7sFArhWERGqevZyie1YwZQLtTe7mhgETTTtTGnQy/i-796x409-1.jpg)\n**Picture 2**\n-----------------------------------------------\nIn **picture 1** it is self explained how a blockchain works, my motive here is to bring an important term to your notice,that is Nodes. Now look at the **second picture** it’s a representation of nodes distributed throughout the globe.\n\nSo what are these nodes and why are we talking about them here and why are they important? The answer lies ahead so continue reading.\n\n# Nodes and Blocks – Real Work Real Workers\n-------------------------------------------------------------\nLook at the picture again and think of a network that is distributed throughout the world that is connected, every point in this structure is known as Node and their job is to process the information on blockchain and generate new block with the sole motive to add it permanently to blockchain. So you can say that Nodes are builders who create a block of information to form a blockchain. Simple enough right? But the real question is how they create a block of information? \n\nUnderstand, a Node could be a simple personal computer or a super quantum computer anywhere in the world, they use their computers to solve a set of complex mathematical problems to generate a new block.\n\n**Now its your time to understand, what is a Block of Information?**\n\nLook at the picture below and imagine a block that is carrying the signature of its predecessor block along with its own signature so it can differentiate itself in the blockchain with important information or set of information. How much information can a block carry depends on its block size.  \n\n![Screen Shot 2018-03-10 at 1.17.57 PM.png](https://steemitimages.com/DQmXATekKgWQjsNdoTF56qJQ2BhEKbaR1BoFB64o2W3HK3a/Screen%20Shot%202018-03-10%20at%201.17.57%20PM.png)\n--------------------------------------------------\nNow as you understood nodes and that they create blocks of information to create blockchain. Its time to understand how they actually do it, I know that the smart brain of yours already gave you the answer, they do it using their computers. But it is more complex than that.\n\n# Time for real action – Proof of Work\n--------------------------------------------------\n\nThe **Proof of Work** is a concept that is the backbone of most Cryptocurrencies that we see today. The concept was invented by Cynthia Dwork and Moni Naor in year 1993. It is general agreement algorithm that is being used in most blockchain systems that we see today. To make it simple for you to understand I can say that this is the method that is used to generate a new block of information in the blockchain.\n\nAs I mentioned earlier nodes use their computers to solve complex mathematical problems to generate new block of information, now these problems could be of many kinds. Some of them that we use today are,\n\n1-\tHash function, a problem to find the input, knowing the output\n2-\tPuzzles \n3-\tMerkle tree based\n4-\tGuided tour puzzle protocol \n\nIt is not important for you to know about these POW functions I just mentioned these to give you an idea that a problem could be one of many kinds.\n\nIn many cryptocurrencies Hash function is being used, so nodes solve the equation to generate a new block in a way that answer to the whole problem. This mathematical equation is called Hash that is also the signature of block that they generate by solving the equation.\n\nNow how easily you can solve the problem depends on the power of your computers that is called hash power.\n\nOne will eventually need more hash power as the network grows and more people join the network, to generate a new block of information, in the case of cryptocurrencies the information that a block carries is transaction information or the set of transactions.\n\nSo in case of Hash function one node has to find the input hash of the block knowing the output hash that requires millions of permutations and combinations. Assume a website where you enter your password, your password has to go through many hash functions before the server matches it to the hash function that is stored for you initially when you created the password. \nIn this case even if a hacker gets access to all the hash functions of server he wont be able to get access to your account as he has to go through many hash function before getting the right match with your password. \n\nThis is the same in case of cryptocurrencies, nodes know the result which could be of fixed length and might be starting with certain fixed zeroes but still they have to go through many hash functions to compile the provided transactions in the fixed size block which also results in creating new block adding it to block chain, confirming and validating the transactions at the same time. \n![Screen Shot 2018-03-10 at 1.21.14 PM.png](https://steemitimages.com/DQmWj2AoHNw7PtEgvtaTfLRjsFs4ZQKwTUQogjeTCkf9Stk/Screen%20Shot%202018-03-10%20at%201.21.14%20PM.png)\n-----------------------------------------------\nNotice that the input changed the hash but we know from the beginning that eventually we have to combine the data into fixed output with certain properties.\n\nThe new block generated is the Proof of Work that the node did hence they will be rewarded for the services they provided. Many nodes battle with each other or sometimes work together to generate the new block, in which they are confirming and validating transactions. At the end they get the tokens of cryptocurrency that they mined as the reward. Hence nodes are usually called Miners in cryptocurrency world.\n\n**Bitcoin(BTC)** is the first cyrptocurrency that used POW concept to validate its transactions since then many other cryptocurrencies emerged and used the same concept. Now is the time to look at the first list again. \n\n# But why Proof of Work\n--------------------------------\n\n**POW** provides biggest defence against DOS attacks (Denial of service in which a hacker floods the system with pseudo requests and when the server crashes one can easily gain access to important information). In case of POW DOS attack is almost impossible as one has to use unreal amount of computational power and time to execute numerous calculations to execute the denial in the system.\n\n\n# Are you going to talk about me or not – Proof of stake (POS)\n-----------------------------------------------------------------------------------\n\n**The Proof of Stake** concept was first introduced by Sunny King and Scott Nadal in 2012. Sunny King also created Peercoin (PPC) in 2013 which is the first cryptocurrency to implement Proof of Stake concept. Oh! If you didn’t notice, I mentioned in the first table that Peercoin uses both Proof of Stake and Proof of Work which is actually true.\n\n# But Why?\n----------------\n\nArgument is if POW is successfully powering many cryptocurrencies, what is the need of another algorithm to govern. Truth is there is some complex issues with POW.\n\n1-\tBiggest problem with POW is power consumption, on record it costs nearly $2500 USD on average to generate a new block in Bitcoin(BTC) blockchain. Government regulations related to energy consumptions adds to this factor making it more difficult to maintain hash power for Miners.\n2-\tWhile researching about Bitcoin (BTC) I came across a term i.e. 51% attack. My brain asked me what the hell is it. Initially I always suspected what will happen if all the miners stop mining i.e. stop generating new blocks or what will happen if all miners come together to generate a new block. Someone gave a fancy name to this situation that is 51% attack.\n\nAssume a network in which miners are working hard to verify transactions, due to increase in difficulty to mine a block few miners decide to come together and form a group or let’s call it a pool of miners, in which many miners share their computing powers to mine a block. Now what will happen if many pools come together to form a giant pool, let’s call it a Mining Dungeon. In such a case where thousands of miners sharing their hash power form a monopoly which breaks the sole purpose of cryptocurrencies i.e. decentralization. \n\nNow think of a situation in which every Miner in this world forms a group and decides to kick you out of it. With majority of hash power in the network they can manipulate the system by creating a fork in the blockchain as they control the flow of the blocks in the blockchain, it will be their choice, whether to verify the transaction or not. Look at the picture below to understand.\n![Screen Shot 2018-03-10 at 1.24.57 PM.png](https://steemitimages.com/DQmRkTk5B4af7X6XF3cfyMZ4LrMCq6jT1SjTq1HMgJ4mys9/Screen%20Shot%202018-03-10%20at%201.24.57%20PM.png)\n--------------------------------------------------------------------\n**To overcome these unreal tough possible scenarios, the idea of Proof of Stake (POS) was proposed.**\n\n# Proof of Stake- Will I get to keep something?\n-----------------------------------------------------------\n\nProof of stake proposes the algorithm which uses various combinations in which stake holders who keep more coins according to the present need will get the opportunity to be the node to generate the new block in the blockchain. In POW system we have Miners but here in POS we have Forgers. Their only job is to sign the block which is carrying transactions with their personal key, combining it with set of rules assigned to create a new block.\n\nWhat rubbish? I said the same thing but Yes this is true this is the whole concept of POS but there is a way to avoid issues with POS.\n\n**Know the issues.**\n\n1-\tBiggest problem with the Proof of Stake is its name, why in this world would you like to get involved in something in which you know that the richest person in the system will get the chance to be the node.\n2-\tSame as POW, POS also has a problem of getting 51% attack. What if one-day Bill Gates decides to buy 51% stake of the cryptocurrency, eventually he will get the permanent advantage. This case also applies to group of people.\n3-\t Another situation that can arise in which if two Forgers meet the conditions to sign the block at the same time. In this case the main blockchain will be forked. Don’t worry look at the picture below, I got you covered.\n![Screen Shot 2018-03-10 at 1.27.17 PM.png](https://steemitimages.com/DQmeCUJXLUbLXRjumAvVTvGxy78nFfWEBDYnR1C4mhSCBcR/Screen%20Shot%202018-03-10%20at%201.27.17%20PM.png)\n------------------------------------------------------------------------------\nIn POW Miners spend their computing powers to create the block so in case of forks, the majority automatically decides to follow one fork chain making it the main blockchain, rather than spending double energy on both forks. But in case of POS one don’t have to spend anything so in case of fork one can decide to sign both forks. Everybody who is smart wants to make extra rewards, what if everybody will start signing both forks? Say 99% of Forgers start signing both forks. But one smart person sends the transaction to blockchain which will go through, as everybody is busy signing no matter whatever the fork is but at the same time that smart person makes another fork which is just the block before he sends the transaction and sends it to himself signing and making rewards without losing anything. This kind of case is termed as **“Nothing at stake”.**\n\n# Brain Storming problem – What Now?\n---------------------------------------------------------\nPOW is tried and tested with Bitcoin but the problem is high Mining cost. POS can be achieved without spending a single penny but full of issues. POS is new and still its adoption is subject of argument, everything depends on the approach to resolve the issues. What should we do now?\n\nMany cryptocurrencies approached this in their own way to resolve theses issues. I am going to share a few to make you understand the future of cryptocurrencies.\n\nTime to look at first table again and I would like to mention Peercoin (PPC) again.\nPeercoin choses an interesting approach to resolve the matter of distribution, they chose to use POW in their initial phase. That means initially they started using POW to confirm transactions and slowly they started shifting to POS. \nTo take power from the rich Forger they introduced the concept of coin age in which a certain age is assigned to the coin to make sure that everybody will get a chance to be the Forger. After a certain period of time the coin will expire this will take away the power from the rich lad to be the forger. Also after a fixed period it will be renewed automatically.\nCreator of Peercoin believed that “Nothing at stake” is only theoretical and can’t be implemented in real world but still they created checkpoints to keep a check on fork formation and no fork formation was allowed deeper than the last known checkpoint.\n\n# Ethereum – You can’t ignore me \n--------------------------------------------\nInterestingly Ethreum is working on POW but ethereum group is planning to shift it to POS. The biggest reason is to make it world wide available economically.\nThey introduced the concept and called it CASPER which is still subject for argument and late adoption.\n**Casper** the Friendly Finality Gadget (FFG) is the name given to protocol that is going to be implemented over the present POW structure of Ethereum in such a way that every 50th block will be the checkpoint so that the network of validators can check in.\nIn order to get recruitment as a forger in Ethereum network one has to deposit a certain potion of their digital currency and then place a bet to meet requirements to forge the block. If everything goes according to the rules a forger will get rewards which will be proportionate to the placed bet. If somebody tries to play smart and exploit rules by setting a “Nothing at stake” attack he will get nothing and end up losing the deposited currency.\n\n**Ethereum** is still planning how to implement project CASPER which would be too vast to include in this article. But I hope these examples might have answered most questions that you might have. \n\nAt the end again I would like to bring to your attention that the motive of this article is to blow your mind with this little drop of information in the world of Blockchain and Cryptocurrencies.",
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      "title": "Where from here? – Reconsider your decision to follow Cryptocurrencies",
      "body": "Where from here? – Reconsider your decision to follow Cryptocurrencies\n=\n-------\n\n**Caution!!  What you are going to read today will change the way you look at cryptocurrencies.**\n\nI can bet you a 1 BTC that if you are reading this you must be checking Coinmarketcap.com every morning the moment you open your eyes.\n\nAccording to the popular website there are around 1515 currencies which are listed on 8578 markets right now, as am writing this piece of time wasting crap. But wait it will be too soon to close this page because a lot is coming your way.\n\nWhy?\n=\n---------\n\nWhen I started writing this I was wondering why I am wasting my time doing research and writing something that might not make any sense to majority of the population. But the idea to bring change in this world encouraged me to sip my beer and make you people realize that why exactly are we doing this and where are we headed from here.\n\nThis all started with the revolutionary idea of Blockchain technology to make a distributed and decentralized mode of transaction. With the introduction of Bitcoin, the first of its kind and name, very few people realized that it might turn out to be an answer to create a next generation of economy.\n\nBut no technology is perfect, the same applies to Bitcoin. Bitcoin was introduced in 2009 and everybody started talking about it after it revealed its true nature in late 2017 when its price reached to 20000 USD.\n\nMany enthusiasts found it as an opportunity to make money overnight and many looked at it as an opportunity to improve the financial system. Why bitcoin? Unfortunately, I have to mention that bitcoin will never be able to replace fiat currencies. It can’t be used as mode of asset transfer or a medium of performing transactions.\n\nI am incomplete - Bitcoin (BTC)\n=\n--------------------\n\nBitcoin is based on a Blockchain and works on the principle of Proof of Work. It has already been decided that only 21 million BTC can be created or mined by its anonymous creator Satoshi Nakamoto.\n\n\n![source.gif](https://steemitimages.com/DQmZaR6TczsGcr2sySg7nCEZM7GuCC8Psm5kx3Zcg6HX9F1/source.gif)\n\n\nMining is the process of verifying the transactions that occur on Bitcoin network. A few miners verify the Bitcoin transaction using their computing powers and in return they earn a Bitcoin as a reward, they also contribute in maintaining the decentralized network and earning a small transaction fee.\n\nIt’s clear and easy to understand that only 21 million Bitcoins can be mined. So what will happen when it will reach its limit?\n\nUnderstand that miners maintain the network and there will be no more mining if it reaches its limit which is predicted to happen by the year 2140. When it happens the price of Bitcoin will deflate and the network will depend on transaction fees. For faster transactions one would have to pay higher transaction fees which will turn bitcoin into gold. But we don’t use gold as a daily transaction medium.\n\nI am slow – Bitcoin (BTC)\n=\n--------------\n\nWhen a transaction is broadcasted on the Bitcoin network it might appear to the recipient in a few seconds or might take hours to perform the required verifications from miners. This also makes it irrelevant for daily transactions as nobody wants to wait for an hour after ordering their favorite pizza and pint of beer. In any situation a purchaser could transmit two conflicting transactions using the same Bitcoin at the same time, one to pay the seller, and a second transaction to pay themselves. The seller might see the first transaction initially, and consider the order paid without waiting for the transaction to confirm. Then the second transaction becomes permanently confirmed in the blockchain which will invalidate the first transaction. In this case, the seller is basically the victim.\n\nNow what – New generation of Cryptocurrencies\n=\n-------------\n\nOur hope to change the economic system doesn’t seem to be promising. Now what are the options?\n\nAn idea that shook the banking system and also paved a new way for those who wanted a change.\n\n**Now is the time of the next generation of Cryptocurrencies.**\n\nIn 2011 Charles Lee an engineer created Litcoin (LTC). Litcoin works on the same principle of bitcoin i.e. Proof of Work (mining).\n\n\n![giphy (6).gif](https://steemitimages.com/DQmVZ81iJp1X4XKxbGhdfBctM5mzUpH9sWgkHzVMX6n9T4m/giphy%20(6).gif)\n\n\nLitcoin follows the Scrypt Algorithm (password based key) to mine new blocks which is easier than that of Bitcoin’s SHA-256 algorithm. This makes Litcoin transactions super-fast to be verified on network in comparison to Bitcoin.\n\nEthereum (ETH)\n=\n---------\n\nWith the introduction of Ethereum in 2015, it also introduced a new concept known as smart contracts.\n\n\n![giphy (7).gif](https://steemitimages.com/DQmPrh2sQfXAE4dJFA8puCFBqw5vd84ASPd66QX7SKrSvBf/giphy%20(7).gif)\n\n\nEthereum also inherited the same properties of blockchain from Bitcoin but with a twist. Ethereum offers Ethereum virtual machine which is peer-to-peer global system. One who consumes computing power pays in virtual token known as Ether and one who provides it gets paid.\n\nEthereum introduced itself as a powerful anonymous global infrastructure to provide a platform to those who want to build their own cryptocurrencies to run special applications known as smart contracts. This leads us to the second generation of cryptocurrencies known as Alternative coins (alt coins).\n\nWe going to change everything- Ripple and Stellar\n=\n------------\n\nIn the present day we use fiat currencies to perform transactions that include selling, buying and practically everything. This is how this world is in motion, but our ancestors never had the privilege to use fiat currencies. In ancient time there was no banks, no state issued currencies they used to follow the system known as Barter system (system of exchange). To perform larger transactions, they made a complex yet simple infrastructure which is known as system of Hawala.\n\nHawala – version 2\n=\n-----------\n\nNow days whenever we need to buy anything we involve our banks and request them to allow us to spend our money, we also pay some amount of our money to our banks to provide us banking services.\n\nIn system of Hawala a middle man or institution replaces the banks. They replace them for good as this system is based on trust.\n\nNow use your imagination and look at the picture below, think of a situation in which you want to send some money to your grandmother rather than going through your traditional banking system you choose to go through the system of Hawala.\n\n\n![main-qimg-399efcd8676151350e7e3204ec9e2fcc-c.jpeg](https://steemitimages.com/DQmTyjFrkAgH5yqQeXfgEvBMHSBxEGsqeZhAgBxP9X8i2KT/main-qimg-399efcd8676151350e7e3204ec9e2fcc-c.jpeg)\n\n\nYou asked your agent to send money, your agent will use his means and ask your grandmother’s agent to transfer money to your grandmother.\n\nNotice that in this structure money didn’t actually move from your agent to your grandmother’s agent. It is blind trust and hope to get same or more amount of transaction in the coming future. So, if you look at the picture again your agent owes money to your grandmother’s agent and your grandmother’s agent is trusting and hoping to get same or more amount of transaction in future but in the opposite direction.\n\nNow if you digitalize the same system and apply it to blockchain you will get Ripple (XRP).\n\n\n\nRipple (XRP) – A change or System to replace banks.\n=\n-------------\n\nCryptocurrency rose 36000% in year 2017, yes that’s true Ripple is the number 3 cryptocurrency on the merit of market cap evaluation.\n\nRipple labs Inc. was founded by Chris Larsen and Jed McCaleb in 2012 with the idea to digitalize ages old Hawala system with the help of blockchain. They created ripple payment protocol widely known as Ripple (XRP).\n\nRipple payment protocol connects with a wide range of banks and payment institutions and provides them service to process transactions at the rate of 1500 transactions per second. Also the system registers every transaction on decentralized Ripple (cryptocurrency) ledger. And all this is happening 24*7 without any breaks at negligible transaction fee in comparison to fiat banking system.\n\nInteresting isn’t it? Yes it is, this could be an answer to how we can move our economic structure from today’s banking system to cyptocurrencies using blockchain.\n\nBut- Am I actually decentralized?\n=\n-----------\n\nThe whole idea of blockchain and cryptocurrencies is to decentralize today’s banking system. To make people do faster and cheaper transactions, ripple could be an answer to this situation.\n\nBut what if I say that Ripple Labs Inc. is a privately owned organization that is working to make profit. No doubt ripple transactions are being recorded on the public ledger. But Ripple (XRP) doesn’t involve any mining, Ripple labs Inc. already generated 100 billion XRP and they have full control over its circulation. It means that they can decide at what point of time how much ripple should be in the market.\n\nThis complicates the situation, would you like to take power from one structure and give it to another or would you like to take the charge and decide what will be the course of history?\n\nI am still alive- Stellar (XLM)\n=\n----------\n\nIronically Stellar is another payment protocol system co-founded by same person responsible for Ripple, Jed McCaleb in 2014.\n\n\n![giphy (8).gif](https://steemitimages.com/DQmdgTd6pKLVrm3CdFcDGBVVjPHwxZgqQQZ5Mxk2baSGtQx/giphy%20(8).gif)\n\n\nStellar.org is a non-profit organisation run by very few cryptocurrency experts. The company doesn’t own any XLM or Lumen (name given to token to differentiate it from stellar.org) and it works on the same structure of ripple. To explain it I can say that stellar is the same as ripple but more decentralised and distributed. It is already decided that at the rate of 1% every year Lumen will come into stellar network for circulation. As in total 100 billion Lumens have already been generated, Stellar.org is planning to bring every Lumen into circulation in approximately 10 years.\n\nWhat makes it more promising is its decentralized structure as no individual or company has control over it and it is also fulfilling all the needs to replace the fiat banking system.\n\nThe whole idea is to bring the power of money to people to take power from private or government owned institutions and distribute it among people. Cryptocurrencies are making it possible with help of blockchain technology. At the end it is just the beginning, there is a lot to come, it’s your turn to **Reconsider your decision to follow Cryptocurrencies.**",
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      "title": "Blockchain – The Journey through Space and Time",
      "body": "Blockchain – The Journey through Space and Time\n============================================\n-------------------------------------------------------------------------\n\nIn the latest Hollywood blockbuster Thor Ragnarok, Thor crashed on a strange planet and was sold for 10 million Units. After watching the movie I was fascinated with the idea of Thor getting sold but more fascinating was the price tag of Thor, 10 million units. What are these units a Hollywood fiction or future? I believe its reality.\n\nBlockchain – Bending space\n========================\n-----------------------------------------\n\nWhat do you people understand when you read the word Blockchain, its simple enough to understand that it is a chain of blocks. Blocks can be made up of practically anything, what do you think when you are asked to explain our solar system? Our mighty sun in between and all planets revolving around it bonded by an invisible force known as the gravitational force. In the Same way blockchain is a chained structure bounded together with the force of algorithm. Here this algorithm is a line of computer codes designed to process the chunk of information mathematically which results in bending the space between scattered data and combining it into a block of information which results in forming chain which is known as blockchain.\n\nThe Big Bang –where it all began\n============================\n---------------------------------------------\n\nAt the beginning there was nothing except a single block of information known as the Genesis block. His father under the pseudonym of Satoshi Nakamoto made him and left alone in the wild universe.\n\n\n![150px-Blockchain.svg.png](https://steemitimages.com/DQmRmN2cA3ajAWS99LgCfQK8ufaD6zKhQkf7SFRKiD9bL5X/150px-Blockchain.svg.png)\n\n\n**Green- Genesis block**\n\n**Black- Main chain block**\n\n**Purple-Orphan block**\n\n\nEach Black block is a part of the main block chain that carries the chunk of information which is mathematically encrypted along with the cryptographic hash of the previous block thus connecting the two. The linked blocks form a chain which also proves the integrity of the previous block and can be traced back to first genesis block.\n\n\n\nStructure of Universe - Blockchain\n============================\n------------------------------------------------\n\nWhen you look at the clear night sky it’s full of bright clusters formed by millions of stars and galaxies. Similarly blockchain is decentralized, distributed and publically available across many computers so that no data can be altered, nobody is governing them it’s all independent governed by mathematical algorithm with one motive that is to validate the information.\n\n\n![image.jpg](https://steemitimages.com/DQmSWdPpc5aPMgQ1ShGJmPR9V8WEmvxeL9o5VQeN3cJa7kb/image.jpg)\n\n\nIt requires tremendous amount of energy to form a star, adding a block to a blockchain is equivalent to forming a star. It is nourished by supercomputing powers, solving lines of equations to validate the algorithm to solve the sole purpose of validating the information of the prior block.\n\nNow what –Where are we Headed?\n============================\n----------------------------------------------\n\nSatoshi Nakamoto invented the first blockchain in 2008 for the use of digital currency known as bitcoin, which is secured by cryptography, also commonly known as cryptocurrency. This technology has been in shadows for years but now and many new projects are in development.\n\n**The whole blockchain system is decentralized. But how?**\n\nBlockchain introduced a term Known as Node, as I explained earlier it’s a cluster of computers so every computer that participates in the network is known as node. They work independently to solve algorithm and in return for their services a small share of cryptocurrency is rewarded to them. The person who is participating in the network also act as the administrator hence gets the copy of the blockchain as soon as he joins the network.\n\nSuch a structure allows blockchain to be independent of any individual control. Also no single point of failure can cause the structure to collapse.\n\nBlockchain technology can be utilized in any field and is not only limited to cryptocurrencies but there is long list of projects that are in development.\n\n**Cloud storage**\n\nIn today’s world we upload our data to some cloud server which is owned by an organization. Also they charge us a fee to maintain the services. Now think of a future where cloud storage can be distributed and decentralized, blockchain can make it possible.\n\n**Painless transactions – Get rid of banks**\n\nThe concept of the bank exists in our world for ages but it’s going to change now. The whole idea of the banking system is to provide a rigid structure to economy, a central authority that governs and monitors billions of transactions that occur every day. But there is a major flaw in this system, it can be manipulated. Today’s banking system can be used to benefit very few. Blockchain technology can solve this problem, because of its decentralized and distributed nature control can be transferred from a central authority to millions of nodes that can run the system efficiently.\n\nSmart Contracts and Cryptocurrencies are making this possible, now we can transfer assets independent of any banking system in a few seconds. Furthermore we don’t have to pay any outrageous fee to perform these transactions.\n\nThe expansion\n=================\n----------------------------\n\nBlockchain technology is here and it’s here to stay. The future of this technology is still unraveling and many more projects and applications still have to show their face. With continuous demand of energy it’s becoming difficult for companies to manage their resources, blockchain is allowing them to distribute their processing power across the globe resulting in a more distributed and rigid structure. There’s still a lot more to come, the **UNIVERSE IS EXPANDING, NOBODY KNOWS WHAT WE CAN ACHIEVE IN THE COMING YEARS.**",
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      "body": "Hi, great post, worth a follow. Looking forward to some more of your stuff.",
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      "title": "Why Are They Afraid Of Bitcoin? Bitcoin-The Real Culprit! Believe It or Not!!",
      "body": "Why Are They Afraid Of Bitcoin? Bitcoin-The Real Culprit! Believe It or Not!!\n===============================================================\n-----------------------------------------------------------------------------------------------------\n\nWhat do you usually do when you wake up every morning? Make your coffee with extra sugar or just keep it black, look at your phone, turn on your favorite TV channel and browse through all important updates. But what does a cryptocurrency addict do? For them the dosage of daily price update is needed with a shot of daily cryptocurrency news.\n\nThat’s true they call us addicts may be because we are behaving like them but believe me it’s not our mistake,Bitcoin is  the real Culprit.\n\n\n![giphy-downsized.gif](https://steemitimages.com/DQmPT5KwCeJ9s32Z8khRn8uh3b4qjcp3ywNeSx6pHfpeuUT/giphy-downsized.gif)\n\n\nThe Culprit\n=========\n---------------\n\n\nThis story starts with  the birth of first block in the world of blockchain. He was born in January 2009 and his father Satoshi Nakamoto named him Genesis block. When Genesis block was young he started attracting the attention of many enthusiasts.Later in 2010 Gavin Andresen adopted him along with his siblings Blockchain Network Alert Key and Bitcoin Core. Collectively they made a family known as Bitcoin but in their early days on the 6th of August 2010 a major fault in their family system was detected like every other family they also had problems. Some exploiters were able to infiltrate their family and were able to generate 184 billion Bitcoins in a single transaction but the bitcoin core came up with  immunity and the transactions were removed from the block chain and the bitcoin family evolved and become more powerful, so powerful that they collectively were able to attract many addicts who were looking for something new,something that will change the world soon.\n\n![giphy (4).gif](https://steemitimages.com/DQmeJnZiFp3k3mcY2wTXteG4857v538TDbSEVFz5NkPMjKH/giphy%20(4).gif)\n\n\nWhy Bitcoin? The Drug of Change\n============================\n--------------------------------------------\n\n\nThe Bitcoin family is decentralized, they are different,they don’t need any central authority to govern them. They are born independent and destined to be independent forever. Every transaction on Bitcoin network is confirmed by Miners. Miners are those who feed the bitcoin network by using their computing powers. Many Miners also come together and create a mining pool but together they came up with decision to cap their mining power to 33.33% for the benefit of the network.\n\nEvery transaction on bitcoin network is transparent and available on blockchain that allows anybody to verify transactions so anybody can become a miner and in exchange of their computing powers miners are rewared with a bitcoin.\n\n**But the question is why bitcoin?**\n\nBecause of its decentralized nature it is not bound by any government or regulation,thus allowing every addict to perform transactions in this economic world without involving any bank or government. A system using a digital wallet which is just a line of computer codes pointing towards the block of bitcoin in block chain and is encrypted for privacy.\n\n\nWhy are They Afraid of Bitcoin?\n==========================\n-----------------------------------------\n\n\n![giphy (5).gif](https://steemitimages.com/DQmakzDX5zS1AU1TJ7SPMSuektye4qRLf7wvEnsvKQj2GDi/giphy%20(5).gif)\n\n\nHere I would like to mention that bitcoin is not the only single decentralized transaction system that utilizes blockchain. Now there are many more known as ALT-coins some of them have their own blockchain system while some possess blockchain from others.\n\nThe reason why they are afraid of bitcoin is because it is the first born, the eldest and the most powerful. After spending your time reading this,by now you must be wondering who “They” are? They are the majority of people who still like their cup of coffee and their favorite TV channel every morning. They are the same people who are governing us who are allowing us to live, to breathe. The leaders, the banks are the majority of those people who rule us yet call themselves servants of the society.\n\nThey are afraid of Bitcoin because it started the wave of decentralized currencies and gave an idea to decentralize the economy. The movement of assets and money, completely free from banks and government. Some of you might think that it is not good,we need governance, no you don’t, and it is all about sending money to your parents or your family so that they can eat without paying part of it to your bank which charges you for allowing you to feed your children.\n\nPower of governance is the real addiction and they don’t want to quit it easily that’s why it fears the change.But now the new generation of addicts are born who wake up every morning with an idea to change the current system, a system that profits and thrives on our working hours.\n\n**I declare Bitcoin as the Real Culprit because it is feeding and inspiring us addicts to bring the change in this polluted society.**",
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      "title": "Because we can!",
      "body": "Because we can!\n==============\n\n-----------------------\nTake a deep breath and imagine, what your life would be if you lose internet for a day. The world in which we live today is incomplete, unimaginable without internet access. Commercial use of internet is a reality today but wait for a moment and realize that it would have never been possible if not for  the few people who could foresee the future and invested everything they had for the development of internet node. Rise of the global internet, development of World Wide Web was a fairy tale back then. All those who realised it changed the world and those afraid of changing themselves fought bravely to stop Internet revolution but lost.\n\n\n![giphy (3).gif](https://steemitimages.com/DQmQcqw69kgHsN7atAyaak2j4om86JeS2vE6Dd42V9AKq1f/giphy%20(3).gif)\n\n\n\nAfter years of struggle I welcome you all to the world of a new age Internet Era. You must be wondering why am I talking about our very own internet?  Answer is I want to prepare you people for the storm that’s coming our way. Everybody out there reading this who fear struggle I request you to please close this page and not waste your time because it’s not going to be an easy path forward.\n\nVery few of you who chose to stay I Welcome you all to next World.\n\nWorld of CryptoCurrencies\n======================\n-----------------------------------\nIn this world so far our journey has been smooth but was in a complete fog .But now I can see the sun on the horizon. Something is coming our way and I would like to prepare you and make a pledge to see the end.\n\nLet’s talk about the real deal now. All this began with one mysterious man Satoshi Nakamoto who is still unknown yet everybody in this crypto world knows him.\n\nHe gave us an idea, one idea that will change the world if we wish to change it.\n\nBut again you must be wondering what the hell is he talking about?\n\nWhy the hell do we need a change in this world? And why would I do that?\n\nThat’s right! This is exactly what I am talking about, your nature to ask questions, to think and to choose.\n\nChoice is one word that was never taught to us completely .Choice is our will to follow, our will to live and how we want to live.\n\n\n![giphy (1).gif](https://steemitimages.com/DQmZoQ5yER8FZcXVdiQzJpj3n3hzudAdZ21vKHKneUCgWnV/giphy%20(1).gif)\n\n\nThe Change\n==========\n----------------\n\nLook around everything you own today .You worked your ass out to make money. I am sure you always wonder that something is not right. That’s true something is not right, the money you make working 8 hours a day, 5 days a week it’s your money but did you actually get what you work for? NO! You don’t, because of this banking system you lose a portion of your money every time you spend it. That’s true, think about it .You know that your bank is allowing you to spend your money that you made working last night and is also charging you to allow you to spend it. Strange isn’t it? Yes it is, but that’s how it’s been for decades, for centuries.\n\nBut it’s going to change, that is the change that I was talking about. This change is coming and now is the time to join the army of enthusiasts.\n\nBecause we can!\n==============\n----------------------\n\nI took 5 minutes of your precious time to bring this to your notice that if you are reading this you are a part of the cryptocurrencies revolution.\n\nWith Bitcoin the first blockchain based cryptocurrency making highlights now after being in existence for 8 years, now it’s attracting the attention of our governments and vulture cultured banking system.\n\n**It fears them, why?**\n\n\n![giphy (2).gif](https://steemitimages.com/DQmbTDDVvGX9HbdPmCKkiY6yGoaiipgwtoENuXJHet8d4V2/giphy%20(2).gif)\n\n\nAgain take a deep breath and think of a world in which you don’t have to pay anything from your money to your bank to spend your money. Think of a world in which decentralization is a reality with complete freedom to spend your money. Think of the world where you will be able to carry your bank in your wallet.\n\nFascinating isn’t it, yes that is possible with cryptocurrencies. Imagine money will be digital just a line of computer code lying somewhere in a blockchain but independent of any government and bank.\n\nIn this world it’s just the beginning but you have to decide how you want to live, what kind of system you want. Because you will be responsible for whatever happens next.\n\nRealize vultures will try their best to stop you, to stop you from this change because they are afraid of it, they don’t want to lose their throne. It’s all about the shift of power of money.\n\nMy message to those people who think that they can stop this cryptocurrency revolution is simple, I dare you to stop us. \n\nWe will bring this change **BECAUSE WE CAN**.",
      "json_metadata": "{\"tags\":[\"cryptocurrency\",\"blockchain\",\"bitcoin\",\"ethereum\",\"revolution\"],\"image\":[\"https://steemitimages.com/DQmQcqw69kgHsN7atAyaak2j4om86JeS2vE6Dd42V9AKq1f/giphy%20(3).gif\",\"https://steemitimages.com/DQmZoQ5yER8FZcXVdiQzJpj3n3hzudAdZ21vKHKneUCgWnV/giphy%20(1).gif\",\"https://steemitimages.com/DQmbTDDVvGX9HbdPmCKkiY6yGoaiipgwtoENuXJHet8d4V2/giphy%20(2).gif\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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