Stellar Lumens Course – Development – Forecast

The network was launched in 2014, the Stellar was renamed the Lumen in 2015, when major improvements were made to the system. But it was only in the last few months that the coin really took off. On 10 December 2017, the Lumens share price reached 13th place. The remarkable thing about this development is its rapid rise: within the last year, the coin increased by more than 6,000%. This is certainly not only due to the unique network and the blockchain technology.

One reason for the strong rise in the share price could be the cooperation with IBM and KlickEx. IBM is an American IT company, while KlickEx is a Polynesian company that handles electronic payments of smaller amounts between the Pacific region, Australia, New Zealand and Europe. Both companies are particularly interested in the technology and services that Stellars Blockchain offers. They benefit from cross-border payments that can also be processed in seconds. The implementation of this technology could lead to a profound change in the South Pacific. If the technology were to meet its requirements and be deployed globally, it would have far-reaching consequences for the global economy.

Even before this cooperation became known, the share price rose well, while it fell slightly in the summer of 2017. Starting in October, the month of the announcement, the price rose significantly and moved higher during the crypto currency boom in December. Only now have many traders become aware of the virtual currency, which boosted Stellar Lumens Coin’s positive development. How the rate will behave in 2018, however, is difficult to say. For all crypto currencies, some assume a damper for the spring of 2018, a few even report a crash of the bubble. In this case, the price of lumens would not behave differently from other crypto currencies. However, the potential of the crypto currency has been demonstrated.

How does the Bitcoin trader network work?

The Bitcoin trader network consists of different servers that share a ledger. This ledger is basically the Stellar Wallet, which has its own wallet on which lumens and assets are stored. Only this wallet is located on each server. The Bitcoin trader communicate with each other, which is why the same version of the wallet is located on each of the computers. They check each other to make sure that the transactions are being carried out in the right way. This system is referred to as “consensus” and is also responsible for ensuring that the transactions take place so quickly. On the ledger, money is left as a credit note, which is called an anchor. This anchor represents the bridge between different currencies and the network.

Why a native asset?
The native asset of the network is the lumen. The lumens are called assets because they are the money of the network. Are they native because they are an integral part of the mechanisms of the network. Without them the mechanisms of the network do not run, the transactions cannot be carried out and until a user has a certain number of lumens, he cannot participate in the transactions. This serves to prevent spam transactions and to protect the system against attacks. In the case of spam attacks, spammers would try to overload the system with a myriad of transactions by using up space in the ledger.

Where can I get the Bitcoin profit?

If you want to buy Stellar Lumens Coin, you must first download software for the wallet. This will be installed on your own hard drive. Then the lumens have to be exchanged for another crypto currency. In order to buy stellar-lumens coins, you can, for example, first buy Bitcoin and exchange it for one of the crypto exchanges. Some exchanges also offer alternative crypto currencies. For this you have to register on these exchanges and create an account. Find more about the Bitcoin profit on onlinebetrug. You should find out beforehand whether the stock exchanges also offer lumens. In any case, the purchased coins are stored on the specially installed wallet.

At the moment the business around the crypto currencies is booming and the Stellar Lumens are pulling along strongly. But this is certainly not only due to the hype about Bitcoin and Co. . The rapid increase in the past months after the announcement of the cooperation with IBM suggests something else. Namely that there is an enormous potential in this crypto currency.

Byteball Coin – Smart Payments via P2P

Byteball Coin, also known as GBYTE, is a decentralized network that does not require a block chain and still offers the same advantages. The coin is used to pay the fees for storing data on the network.

This data can include digital assets that can be traded on the network peer-to-peer. The Byteball crypto currency attracts attention through free air drops.

Byteball Coin – Why is this crypto currency tested by onlinebetrug?

The crypto currency is all about smart payments and the peer-to-peer network like this The Byteball coin is not part of a blockchain like most crypto currencies. The Byteball Coin development uses the onlinebetrug Directed-Acyclic-Graph-System (short: DAG).

This system does not consist of a chain of blocks like a blockchain. Instead, the transactions are confirmed by linking to each other. The more people buy and use the byteball coin, the more verifications are performed. In contrast to most crypto currencies, the GBYTE coin development does not require a proof-of-work or proof-of-stake. Therefore there is no need to dig for new coins. The coins are distributed completely free of charge to the users who hold them in the Byteball Wallet. How much depends on the amount of coins held.

Within the network, the crypto currency is used to upload data. The fee for this upload corresponds to the size of the data. So 1 byte costs 1 byteball bytes. Another area of application includes conditional payments, which belong to the category of smart payments. The user can determine the conditions himself and send byte balls at the same time. If the conditions are not met, the coins are returned. This way, for example, insurance or betting can be regulated.

Byteball Coin – Who is behind the Ethereum code crypto currency?

An intermediary is not required for this, the Byte ball network is peer-to-peer and the Smart Payments regulate the payment and conditions all by themselves tested by onlinebetrug. Chatting is also possible via this P2P network. The functions of the network are usually regulated via the eWallet. This is the official Ethereum code Byteball Wallet. The eWallet can be made accessible for several devices, so that it is possible for several persons to manage digital assets together.

The management of digital assets is another function of the P2P network. The coins can be used as tokens for digital assets such as currencies, certificates, debts etc.. This allows digital assets to be traded over the P2P network. Transactions with the crypto currency have the advantage that they are almost completely anonymous and cannot be traced. Only the sender and receiver possess the transaction data, on the DAG there is only the HASH, i.e. the encrypted data. Furthermore, the data is secured via KYC and AML requirements. Once the data is on the DAG, it can no longer be changed.

A special feature of the GBYTE crypto currency is the way the coin is distributed. This is done 98% free of charge. This should help to spread the crypto currency. The distribution happens among other things via Airdrops, with which Coins are distributed free of charge, if one possesses Bitcoins or Byte ball Coins. How many you can get depends on the amount you have already stored on the wallet. In addition, users who make purchases via partner portals receive 10% of the purchase value in Byte balls back.

Behind the development is the Byteball company. Not much is known about most of the developers, the team is rather undercover. The founder is Anton Chuyumov. He founded several Internet companies, such as Teddy ID and Platron. Previously he studied physics and mathematics in Russia, but then turned to the business world. He began development in 2014 when he discovered the DAG.

Smart Contracts: When contracts are made between computers

Smart contracts are becoming increasingly popular. The Internet has made it possible for not only people but also devices to communicate with each other. These links and data that arise form the basis for so-called smart contracts, i.e. “reified” or “intelligent” contracts. Smart Contracts are therefore computer protocols. They map contracts, support the execution of a contract technically or review the negotiations that ultimately lead to the conclusion of the contract. As a result of the Smart Contracts, it may become superfluous to additionally fix the contract in writing.

Examples of Smart Contracts
The History of Smart Contracts
The replicated title and contract execution for Smart Contracts
Smart Contracts in everyday life
An example of practical implementation

Important: the reliability of Bitcoin Code

This is because Smart Contracts usually a Bitcoin Code review also have a user interface, which in a sense represents a connection between man and machine. Furthermore, Smart Contracts provide technical security for the logic of the contractual regulations. Proponents of this new technology believe it is possible that many types of contractual clauses can now be implemented and enforced in whole or in part. Compared to traditional contract law, Smart Contracts offer a higher degree of contractual security, while at the same time transaction costs are at a significantly lower level.

Examples of Smart Contracts an Bitcoin Revolution

In the area of digital rights management, for example, it is possible that the copyright licenses are mapped by these protocols; in the financial area, the transactions can be mapped. Furthermore, the user can use various quality of service mechanisms onlinebetrug such as token bucket algorithms or access control to map so-called service level agreements. This term refers to the agreements that a service provider has agreed with its client for recurring services. By precisely describing the scope of the services, the response time and the question of how quickly the processing takes place, the customer has a better possibility of control and possible discrepancies in the course of invoicing can be eliminated in advance.

Some peer-to-peer networks also require such mechanisms. The aim is to ensure that partners who are far apart contribute to the network to about the same extent as they benefit from it. Written contracts are not absolutely necessary in this case either.

The History of Smart Contracts

The term “Agoric Computing” was coined in the 1970s and 1980s. This term derives from the name of the central market, festival and meeting place of ancient Greek cities. Because court and popular assemblies were also held here, the Agora played a central role in community life. Agoric Computing fulfilled a similar function: It was used to map different market mechanisms such as resource management or auctions in one software. Today, public-key cryptography is used for this purpose, which represented a revolution for the previous possibilities: Thanks to the public-key infrastructure, it is possible to issue, distribute and verify digital certificates. The certificates generated within the corresponding infrastructure are used to secure computer-aided communication.
The computer scientist Nick Szabo finally coined the term Smart Contracts. He wanted to emphasize the close connection between highly developed contract law, related dispositions and the design of e-commerce protocols. He was inspired by researchers such as cryptologist David Chaum, who is considered to be the inventor of various cryptographic protocols and also had a decisive influence on the further development of various electronic means of payment. Nick Szabo had expected that specifications based on clear logic and verification based on cryptographic protocols could also be significantly improved in traditional areas of application in order to achieve other digital security measures compared to conventional contract law.

Bitcoin Core 0.16.0 released | New features

The Bitcoin Core Wallet is now in the 16th generation of the original software, which was launched by Satoshi Nakamoto just over nine years ago. The latest version was developed under the direction of Vladimir van der Laan and over 100 contributors in five months.

The Bitcoin Core 0.16.0 contains several improvements, as is usual for new releases. Performance has been improved, bugs fixed and other optimizations made. But the most important change is that the Bitcoin Core 0.16.0 now provides users with Segregated Witnesses (SegWit). Most people have been waiting for this change. Read more about the changes here.

SegWit is displayed in the Wallet interface

Segregated Witness, the most important Bitcoin protocol upgrade from 2017, is now the “standard” for the new Wallet.

SegWit offers some advantages and changes for the user. For example, SegWit uses block weight instead of block size, allowing blocks to grow up to four megabytes, allowing more transactions for the network.

Segregated Witness was already implemented in Bitcoin Core 0.13.1 in October 2016, but the upgrade was not activated until August 2017. Although almost a year passed, the Bitcoin Core 0.16.0 is the first core wallet that users can use to generate SegWit addresses. If the utilization of the Bitcoin network remains as it is now, SegWit should result in less fees to be paid.

Bech32: New look for bitcoin addresses

A new format – called “bech32” – has been added to SegWit for bitcoin addresses. This format was developed by former Blockstream CTO Gregory Maxwell and Blockstream developer Dr. Pieter Wuille. Bitcoin addresses started/started with a 1 (initial bitcoin address) or a 3 (Segwit address), with “bech32” they start with “bc1”.

Bech32 addresses use fewer characters than current addresses and there is no longer any distinction between upper and lower case, which is of particular benefit to the end user.

However, not all Bitcoin Wallets support bitcoin addresses in bech32 format, so you have to choose between bech32 (bitcoin address with bc1) or P2SH (bitcoin address with a 3) format. You can send the bitcoins with the Bitcoin Core 0.16.0 to all addresses.