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Just In Altcoin Investments

Discussion in 'Bitcoin Investments | Discussions' started by BitBullet, Apr 5, 2018.

  1. BitBullet

    BitBullet Jackobian

    AltCoin Investments

    AltCoin Investments has officially been launched! It is a cryptocurrency investment server that offers multiple things crypto related to help you succeed in the very volatile cryptocurrency market. They offer a unique PAYOUT system for their members - meaning that they will pay you for simply being active in the community and aiding in conversations across their server. They also offer BONUS payouts to their members who contribute more than the average member does. E.g. helping to promote, aiding in market analysis, helping answer other members questions, etc. They also currently have their first invite contest going on!

    They strive for member participation so there is an endless amount of ways for you to earn money for FREE from them!

    Right now they have an active contest going on - the first 3 members with 25 invites will be rewarded with a money amount in cryptocurrency of your choice.

    Join here: Discord - Free voice and text chat for gamers
     
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  3. Jullian Coogan

    Jullian Coogan Jackobian

    Everything you need to know about the Verge (XVG) 51% attack

    Verge(XVG), ranked 21st by market cap on CoinMarketCap, succumbed to a 51% attack. This attack is sort of a feat in the cryptocurrency space.
    What is Verge cryptocurrency?
    Verge (XVG) is a privacy coin which claims to be an improvement on the existing Bitcoin blockchain with an aim to provide individuals and businesses with a fast, efficient and decentralized way of making payments with anonymity.
    What is a 51% percent attack?
    It is an attack when a miner or group of miners are able to manipulate/modify the blockchain of a cryptocurrency by controlling more than 50% of the mining hash rate. This type of an attack is very unusual due to the extreme difficulty involved in acquiring the dominant mining hash rate. Public blockchains are fully decentralized and hence the only way of approving transactions is the consensus.
    When a miner is able to achieve 51% mining hash rate then the particular miner can mine all the blocks and gain access to the coins and create fraudulent transactions. Attackers can also reverse transactions that were in the confirmation process when they gained control of the network, allowing them to fraudulently spend the same coins several times, a practice known as- double spending.
    What has exactly happened?
    According to various press and social media sources, a miner(s) was able to achieve majority control of the mining hash rate. The miner exploited a bug in the code to duplicate timestamps and created each new block using the same algorithm. The integrity of a blockchain relies on the fact that different algorithms are required to create new blocks. The attackers taunted the Verge Project Team by writing on a Bitcointalk forum post, which read: “Hey Verge Team, get some real developers and fix your code. We have found another 2 exploits which can make quick hashes as well.”
    How much damage has been done?
    It is said that the miner was able to steal 2,50,000 verge coins. Some even claim the stolen amount to be 3.9 million coins. The “Send Us ETH” army wasn’t far behind from exploiting the situation. They started posting on the official forums about a fraud compensation plan for the victims, which involved their usual modus operand of “send us some ETH and get bonuses”.
    How did the Verge Project Team respond to this situation?
    The response came from Verge team was as: “We pushed a quick fix and most pools have already updated.. we’re already working on a whole new block verification process. We’re kinda glad this happened and that it wasn’t as bad as it could have been.”
    Actually, they accidentally initiated a hard fork to ‘resolve’ this issue!

    How did the Verge prices get affected?
    At the time of writing, the prices of Verge are down by 23.5%. The prices had doubled earlier this week due to the anticipation of a big announcement on April 16.
     
  4. Jullian Coogan

    Jullian Coogan Jackobian

    How To Use MyEtherWallet

    A private wallet is essential to storing your crypto assets safely. While simple private wallet solutions may not be possible for all cryptocurrencies, Ether and all other ERC20 tokens are in luck. MyEtherWallet is a minimalistic yet versatile online Ether wallet generator that can also be used as a chrome extension or even offline. The website design is simple, sharp and aesthetically pleasing. Users are guided along every step of the way, with prominent instructions and conspicuous reminders to adopt best practices in se your Ecuringther wallet. What’s more! You can do a whole lot of other things with the service:
    Send and receive Ether and Ether based ERC-20 tokens like TRX, GNT, VEN, ICX etc.
    Swap Ether for Bitcoin and Augur (or swap Bitcoin for Ether and Augur. Augur is a cryptocurrency used in a platform that lets you bet on event outcomes. It has become a successful token in its own right.)
    Create unique names (domains) to represent your Ether wallet address through the Ethereum Name Service (ENS).
    Buy or sell domain names using the Domain Sale service.
    Create your own Smart Contracts.
    Of these, basic users most commonly create new wallets, transfer Ether and Ether based tokens and access wallet info. Here’s a step by step guide to how you can use MyEtherWallet to create your own Ether wallet, transfer tokens and view information about your wallet.
    Creating a new Ether wallet
    Creating a new Ether wallet on MyEtherWallet can be done in a few simple steps:
    Step 1: Visit MyEtherWallet. By default, the ‘New Wallet’ tab is selected when you visit the site.

    Step 2: Type in a password (at least 9 characters — one that you can easily remember) and select the ‘Create New Wallet’ button. Write down the password in two or three different papers/notebooks and store the papers/notebooks safely, in separate places. You’ll need this password to access Ether and Ether based tokens in your wallet.

    Step 3: Download the Key-store file. This is your private key (needed to spend Ether and Ether based tokens in your wallet) encrypted by the password you provided previously. You need to enter your password to decrypt and access the private key. This prevents your private key from being accessed by hackers as long as you don’t divulge your password. Store the Key-store file in two or three offline storage devices (eg. USB drives). You can use this Key-store file later to view your wallet address or send Ether or Ether based tokens on MyEtherWallet. You can also use this Keystore file to access your Ether wallet on other Ether wallet clients such as Mist, Geth, Parity etc.
    Select ‘I understand. Continue’ after downloading the Key-store file.

    Step 4: Save your unencrypted private key from this page. You can also print out a paper wallet that has a QR code representing your wallet’s private key and also the private key in plain text. Store the private key in two or three offline devices or better yet, write it down on a piece of paper. Print 2 to 3 copies of the paper wallet and store them separately in safe places. Select ‘save your address’ to view your public wallet address on the next page.

    Step 5: Access your public Ether address by choosing to either enter your private key or upload the previously downloaded KeyStore file. The public address is like your ID on the Ethereum Blockchain. Crypto tokens need to be sent to this address.

    Enter private key to access your wallet and view wallet information. You can also upload the Key-store file to access your wallet

    Enter your password after uploading your Key-store file.
    Your wallet details including the wallet address and amount of Ether held in the wallet is shown now.

    Copy the public address and send to someone to receive coins to this address. If the balance is updated after you send Ether tokens, you’ve got the public address right.
    You’ve successfully created your own Ether wallet now! You can port this wallet onto a number of wallet clients like Geth, Mist and Parity. You can also port the generated wallet onto hardware cryptocurrency storage devices like Trezor and Ledger.
    Supported tokens
    MyEtherWallet supports Ether, Ethereum Classic and all Ether based crypto tokens launched on the Ethereum Blockchain (ERC-20 Standard tokens).

    To view Ether based crypto tokens stored in your wallet, add them from a scroll down list. If the crypto token you have is not listed, select ‘Add Custom Token’ and follow steps provided by MyEtherWallet to add the specific Ether based crypto token to your wallet for easy tracking.
    Following are the major tokens supported by MyEtherWallet:
    Gladius Token (GLA), DigixDAO (DGD), Simple Token (OST), Edgeless (EDG), Decentraland (MANA), OmiseGo (OMG), iExec RLC (RLC), Enjin Coin (ENJ), Ripio Credit Network (RCN), ETHLend (LEND), Etherparty (FUEL), Storj (STORJ), WeTrust (TRST), Request Network (REQ), Numeraire (NMR), Status (SNT), Icon (ICX), AdEx (ADX), BlockCat (BKCAT), ChatCoin (CHAT), Salt (SALT), SingularDTV (SNGLS), VeChain (VEN), District0x (DNT), Humaniq (HMQ), Iconomi (ICN), Augur (REP), Vibe (VIBE), Cindicator (CND), Walton (WTC), Populous (PPT), Quantum Resistant Ledger (QRL), Gnosis (GNO), Golem (GNT), Civic (CVC), EOS (EOS), Basic Attention Token (BAT), 0x (ZRX), Power Ledger (POWR), Genesis Vision (GVT), Po.et (POE), TokenCard (TKN), Wings (WINGS), Raiden Network Token (RDN), OAX (OAX), Kyber Network (KNC), AirSwap (AST), Ambrosus (AMB), Blocktix (TIX), IOStoken (IOST), Blockport (BPT), Oyster (PRL), RChain (RHOC), Dent (DENT), Aion (AION), CyberMiles (CMT), Gifto (GTO), Time New Bank (TNB), TenX (PAY), ChainLink (LINK), Centra (CTR), Zilliqa (ZIL), Nucleus Vision (NCASH), Nuls (NULS), WAX (WAX), True USD (TUSD), SIRIN LABS Token (SRN), carVertical (CV), SingularityNET (AGI), Bluzelle (BLZ), YOYOW (YOYOW), KickCoin (KICK), Dragonchain (DRGN), IHT Real Estate Protocol (IHT), BlockMason Credit Protocol (BCPT), Tron (TRX), KuCoin Shares (KCS), Credits (CS), Loom Network (LOOM), Jibrel Network (JNT), Polymath (POLY)
    Sending crypto tokens
    Send crypto tokens from your wallet by selecting the ‘Send Ether and tokens’ tab.
    Access your wallet by one of these methods — connect hardware storage devices Trezor or Ledger, enter your private key, upload Keystore file, enter mnemonic provided by some wallet clients.

    Paste the Ether address in the ‘To’ box, choose the the amount to be sent and select ‘Generate Transaction’. Gas limit and Gas price (GWEI) determine how fast your transaction is processed by miners (people who encrypt cryptocurrency transactions). For information on manually setting up Gas price and limit, visit MyEtherWallet’s section on these topics.
    Loaded with all these features, it is surprising that MyEtherWallet is a free service. The wallet generated can be ported to and used on other clients and devices making the service more valuable. Leading crypto exchange aggregator Coinswitch also supports Ether wallet addresses generated by MyEtherWallet. You can send Ether and other Ether based crypto tokens earned from cryptocurrency swaps on Coinswitch to Ether addresses generated on MyEtherWallet. Coinswitch supports 250 crypto tokens and exchanges between 6000 unique crypto token pairs. If you’re looking for some cool Ether based tokens, find them at Coinswitch.co.
    Happy switching :)
     
  5. Jullian Coogan

    Jullian Coogan Jackobian

    How to claim eosDAC tokens?
    According eosDAC website - All Ethereum accounts that have 100 or more EOS tokens in them at the snapshot on the 15th April will automatically receive the airdrop. Any accounts with less than 100 tokens will not automatically receive the airdrop but will be eligible (until 15th May 2018) to apply through a method, which will not require any personally identifiable data.
    https://blog[dot] coinswitch [dot] co/john-oliver-may-not-like-eos-but-price-soars-by-33-amidst-eosdac-airdrop-fc2e250af90e
     
  6. Cass1dy

    Cass1dy Jackobian

    If to speak about investing in altcoins then I choose EOS cryptocurrency. I read a lot of information about it and it seems a good project. I also always follow eos price to know about the latest changes. Now it is listed in the top 5 the most popular cryptocurrencies. So it doesn't look like a scam.
     
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