Great video! Thanks for taking the time and the effort to make this!
Posts made by fonzie
RE: Announcement: SwissVite increases the reward distribution!
Nice! Great to see SBPs rewarding the community so generously!
RE: Fullnode not able to sync with NTP server - Google VPS
Tapping on Account Sync gives a list of Google apps when they had been last synced. For immediate assistance, contact Google Live Support.
- Change date & time of your device and check if this works. Even if date and time of your device are correct, then also go through following procedure:
- Open Settings App of the android device.
- In the Settings app, you need to tap on System.
- Under the option System, click on Date & Time.
- Scroll through and turn off the options Automatic Time Zone and Automatic date & time.
- Change date and time so that it shows that both are wrong.
- Once you have set wrong date and time, go to home screen.
- Again, go to Settings app, and correct wrong date and time.
- Turn on the options Automatic date & time.
- Again, turn on the option Automatic Time Zone.
If above troubleshooting method does not help, then, contact Google Live Support to make your account work again.
Visit: Google Account Recovery
RE: What is Vite’s biggest innovation as compared to other public chains?
In addition, I think the concept of snapshot chain, which essentially combines the speed of DAG with the security of block chain is a pretty big and clever innovation!
RE: What coins would you like listed on ViteX?
Criteria to consider:
- Amount of recent and total github commits.
- Twitter, Telegram or other social outlets for followers.
- Mainnet coming soon
- On a low amount of exchanges or none (not on any major exchange like binance)
- Preferably not a ERC20
Crypto Analytics Firm Messari Introduces New Exchange Index Following Fake Volume Reports
Cryptocurrency analytics firm Messari has added a new index for 10 cryptocurrency exchanges, the company announced in a blog post on March 26.
Messari launched a new product dubbed “Real 10 Volumes” on its OnChainFX dashboard to limit its default volume calculations to the chosen exchanges. The “Real 10” trading platforms include Binance, Bitfinex, Bitflyer, Bitstamp, Bittrex, Coinbase Pro, Gemini, itBit, Kraken, and Poloniex.
In the post, Messari said that the aforementioned exchanges reported “significant and legitimate trading volumes via their APIs [application programming interface].” The company further revealed that in the coming months it will add other exchanges, adding clean book data to their data feeds.
Messari’s attention to “significant and legitimate” volumes follows a report from major cryptocurrency index fund provider Bitwise Asset Management, which stated that 95 percent of volume on unregulated exchanges appears to be fake or non-economic in nature.
“Under the hood the exchanges that report the highest volumes are unrecognizable. The vast majority of this reported volume is fake and/or non-economic wash trading,” the report read.
A separate report from The Tie came to similar conclusions, finding that nearly 90 percent of cryptocurrency exchanges’ reported trade volumes may be incorrect. The Tie said that 87 percent of the analyzed trading platforms’ reported trading volume was potentially suspicious.
Following Bitwise’s report, cryptocurrency market data resource CoinMarketCap (CMC) promised to recalculate how it ranks member exchanges. CMC executives wrote on Twitter:
“We are listening to all our users' feedback, and we are working hard to add a suite of new metrics so users can get a fuller picture of exchanges and crypto on the site.”
IBM Hints at Stablecoin Cross-Border Payments Solution for Financial Institutions
The head of blockchain solutions for IBM, Jesse Lund, has hinted that bank-targeted stablecoins will be a major forthcoming development for the tech giant’s blockchain-powered cross-border payments solution. Lund made his remarks during an interview on financial news channel Cheddar on March 15.
While more details are set to be imminently announced next week, Lund told Cheddar that “market demand” is driving IBM to develop a stablecoin solution for financial institutions.
“More than a few banks around the world [...] see tremendous business benefit to issue stablecoins in their native fiat currency,” he said.
When asked how IBM’s solution compares to JPMorgan Chase’s forthcoming in-house, USD-backed “JPM Coin” stablecoin, Lund hinted that IBM’s solution would be “somewhere in between” JPM’s exclusive, closed network asset. He stated:
“It’s not a proprietary coin like JPMorgan’s solution, although I think what they’re doing makes a lot of sense for them. [...] What JPM’s doing also adds tremendous validation to what we’re doing. But our view for stablecoins is really that they should be more broadly accessible and what World Wire seeks to do is to provide fungibility of digital assets across financial institutions.”
“World Wire” refers to IBM’s collaboration with Stellar (XLM) and use of the network’s native asset in IBM’s cross-border payment network, Blockchain World Wire (BWW).
Alongside BWW, which aims to leverage cryptocurrencies to enable near real time international settlements between banks, IBM has also partnered with Stronghold, a Stellar-based asset, to create the Stellar network’s first stablecoin.
As Cointelegraph reported in February, Lund recently hinted at IBM’s interest in stablecoins as a vital aspect of innovating the cross-border payments landscape. Proposing that there should be an ecosystem of various digital assets that work as settlement instruments for cross-border payments, he suggested:
“It could be [...] XRP [...] it could be Bitcoin, but it would also probably include other instruments, like stablecoins, and even eventually soon — hopefully — central bank-issued digital currencies.”
US Marshals Service Issues Information Request on Management of Forfeited Crypto Assets
United States federal law enforcement agency, the U.S. Marshals Service (USMS), is looking to set up an agent for managing confiscated cryptocurrency, according to public documents released on March 5.
The USMS has recently published two draft documents including a Request for Information (RFI) for legal procedures of the management and disposal of forfeited crypto assets.
As a key component of the department's Asset Forfeiture Program (AFP) operating within the U.S. Department of Justice (DoJ), the USMS intends to assign an agent or contractor that will manage and dispose of seized or forfeited virtual currency. By initiating the RFI, the USMS expects to improve its current custodial operations by maintaining a complete and accurate accounting of the USMS’ virtual currency inventory.
In the first document, the Performance Work Statement (PWS), the USMS describes the full range of forfeited virtual currency management and disposal services, including general procedures and responsibilities of the contractor.
According to the document, the contractor must ensure the accuracy and security of all virtual currency transactions, including the direct exchange of virtual currencies into U.S. dollars, the exchange into a more liquid form of virtual currency, a return to the owner and others.
The PWS contract includes major activities associated with the management of virtual currencies, including accounting, customer management, audit compliance, managing blockchain forks, wallet creation, transformation of token assets into coin assets and others.
In the second document, the Quality Assurance Surveillance Plan (QASP), the USMS establishes an evaluation system for the performance of the contractor. The QASP describes major authorities such as Contracting Officer and Contracting Officer’s Representative that are responsible for performance measurement and effective evaluation of the contractor’s compliance.
The USMS noted that the recently issued RFI is provided solely for information and planning purposes and does not represent either a Request for Proposal (RFP) or a promise to issue an RFP in the future.
Last year, the USMS announced a bid auction for approximately 660 confiscated Bitcoins (BTC), with the auction participants required to deposit $200,000 in order to take part.
RE: Question about the different Bite tokens
VITE - The actual coin used on the Vite chain. It can be used to perform payments and staked to get transaction quotas. It has value and can be traded with other crypto assets on the exchanges (ERC20 version at this point). Like other projects, it started its life as an ERC20 token but will be fully converted when the mainnet is live. Currently, you can convert VITE ERC20 tokens to VITE coin on the testnet.
VCP - This is VITE Community Points. You can earn these by participating in various campaigns from time to time. These cannot be traded on exchanges. You can use VCPs to buy stuff on the Vite store (global.vite.store).
VTT - These are VITE Test Tokens. They have no value. These can be used by those who do not have VITE tokens on the testnet but still want to experience capabilities like send/receive. These tokens cannot be traded on exchanges.